#computer how do i send this to my friend one million billion times without them knowing it was me

[theyearsiturnedintoaghost]

Hello, Is This Thing On?

Hi! (as mentioned above). Do people still use this thing? I have no idea. Years ago, and I do mean YEARS ago, I had one of these. I didn’t use it for much, just reposting things, following humans I’d met in online communities, a ‘celebrity’ here or there, sometimes screaming about shit I couldn’t control into the void that is the endless scrolling interweb, and being pointless in wasting my time between classes, work, and twenty-something. Regardless, my previous tumblr had minimal followers, made minimal impact, and that was okay. It was honestly just a nice place to sort of hide in plain sight. Still be part of a social world without actually having to do much. This was also pre a billion other apps and social media outlets to express yourself or scroll mindlessly at a million other pointless things that people were posting to make you giggle or even just stop for a second and think.  

Clearly, the point of this, back then, felt like something I would use to help propel my writing career. Turns out, it did not. I did not write much, if at all. And most of the time I think it was because I was scared nothing was as good as any of the other stuff I was reading from people I liked, and thought were so much cooler and smarter than me; I still feel this way all of the time, but I do realize this was me being nervous, small minded about myself, and completely unconfident.  

Unfortunately, I am still most of these things a lot of the time, but recently, after getting fired from a job, having my heart broken by pretty much everyone on the planet, especially a few specific people, cancelled by all of my friends (?) - this is a thing btw. (It’s not as awful as being cancelled publicly, but it does still ruin your life, mindset, confidence, and overall physical and mental wellbeing) Getting a new job, hating it and feeling like I was going no where, and missing out on living a life I felt proud of and that I was actively participating in, I decided maybe I should just try to write it all out and see what happens. 

To be frank, I expect nothing of this. I can’t fathom a world where anything I have to say truly matters to people because lets be real - everyone has this own shit and everyone is going through so much all of the time.  And we all think we have something new, quirky, interesting, and important to say.  And in a world that constantly shoves perfection down our throats and works so hard to make each of us feel completely inadequate to every Kardashian, Beyonce, Grande, etc., it’s hard to really think that anything I have to say will matter to anyone; at all. 

(I also hate that all of my ‘perfectionist’ people were female, but maybe it’s harder to compare to Golden Boys when you are a female. Either way, there are many boys/men/theys/thems that are put on a pedestal and made out to be perfect out there, as well, and they deserve that notation as well. I just have no points of reference off the top of my head, so please forgive me; I am trying to do this in a stream of consciousness type thing.)

I mean, the truth is, I’m a fucking mess. I’m 33, single, living at home, afraid of my own shadow most of the time, and spend about 98% of my time alone. I pay for a phone plan that I literally only use to send memes to my two sisters, and that’s about it. I rarely receive texts, invites out, or even calls to make plans for something.  And while a lot of this is my own doing - again, I did cut off most of the world after I realized I was sort of the joke to a lot of people - it’s still kind of pathetic, and entirely uncool.  I am not a socialite, or someone cool and trendy, and to be honest, I kind of never want to be.  

Which is a semi-false statement, because years ago, when I had one of these previously, I sort of hoped it would work out and that I could write and be ‘cool.’ Whatever the fuck that means.  But now, years later, I’m honestly beyond glad I am not cool; not in the slightest. Maybe that’s making it to your 30s? Maybe the trade for having to create a daily routine of lathering up my body with like 9 different versions of FDA-Approved-Vampire-Juice on my skin to prevent me from looking any older than I already do, you in turn get to have a brain that finally realizes... having a ‘normal’ life is honestly pretty cool? Normal is clearly subjective here as everyone is normal, famous, notoriety, or not; They’re all still humans and people with feelings, thoughts, and emotions. This is a hard thing to realize when you see stadiums full of people screaming at Harry Styles (Boom! found a male perfect in this scatterbrain) or hundreds of paparazzi lined up to take photos of every person on a red carpet wearing clothing that costs as much as my student loan debt (Which sidenote, is VERYYYYYY much). It’s hard to fully realize that maybe some of those people who became ‘icons’ never really knew what they were getting into when they signed that deal with the Devil to make them seemingly immortal; especially in a world with the internet where everything can exist forever (or until the world explodes, clearly).  But maybe getting into my 30s and removing myself from most social media outlets, even listening to the news, or caring about whatever fucking popular haircut was in this season (it’s always bangs, and I’ve already made that mistake. No thanks), that I learned to realize - the truly most important people in your life are the ones that stick with you when it’s tough. When getting out of bed is so hard your limbs ache and you cry every morning on your way to work, at your desk behind your computer screen hidden in a corner, or in a bathroom stall during your lunch break. The normalcy that comes with realizing your prayers to ‘just make it to five o’clock,’ are heard and that you are just so thankful for that that you don’t even desire the innate feeling in most of our egos to stand out, be seen, ‘Make it’ in a way that lets people notice we ‘succeeded.’ Maybe this only comes with the realization of how nice it is to go to a grocery store braless and unnoticed. 

Maybe this is also something I, and so many of us in this point and shoot viral world, are trying to still learn. 

Sure, a lot of days I still crave being able to make a perfect Pintrest project, practice my Late Night interview with Letterman where I sound funny, charming, and likeable to all walks of life, or recreate a recipe from the New York Times website so great that The Barefoot Contessa finds out through word of mouth, and comes to my basement hide out, and offers to give me, a fellow barefoot loving bitch, her title and crown along with a glass of wine and a kiss from her husband, Jeffery. We’ll both laugh at how lovely it feels to be Barefoot ladies who understand that wanting ‘fame’ or ‘recognition’ in your twenties is only really a pathway to destruction by your 30s. 

And this is not exactly something that I learned easy.  In fact, I spent most of my twenties destroying my body with drugs - plenty of hard ones - and alcohol - various kinds of the same things - in order to numb my brain from the sadness that is just... being young, lonely, scared, unsure of yourself, and nervous that all of your hopes and expectations for yourself in your ‘dream life’ are too much for what you and your actual self will ever be capable of ever becoming. That I would never become the comedian I dreamed of being, or sing the perfect song in front of a crowd of admirers, or write that best selling book to tell everyone who thought I was nothing they could go fuck themselves. It’s something I still have to remind myself, and my brain and ego, that are most likely things I will never do because those are lottery dreams.  And people you know don’t actually win the lottery. And at the end of the day, I am people you know. And sometimes it breaks my own heart to realize I may never feel that rush of making a crowd laugh, or creating a piece of art that makes someone feel seen, but as Pam, from The Office said, and I am paraphrasing, ‘there is beauty in ordinary things.’ And I think reminding myself of that as I sat on the beach this summer and watched a dad teach his son to surf, and how happy they both were when he got up, gave me that brief feeling of... being okay. I won’t lie, I did cry a little at this realization at that moment, and I am slightly teary now as I write it, but I think I’m not ashamed of that because being normal means I get to feel things as I do, in that moment, and that is something I think I lacked in my desiring-bigger-flashier- twenties; actually being present in the world and your place in it. Even if that is just as small as being kind to a random person on the street.

I think that is why everything I felt I wanted to write never came out correct.  It never came out ‘Perfect.’ And that was my problem for most of my life, even up until today, I’m afraid that I am a perfectionist in the ways that are preventing me from becoming... me. I’m still fearful that I am too late in ever ‘accomplishing’ anything I ever dreamed. I doubt I will ever actually write a book. I’m unsure I’ll ever make a decent living. I am beyond doubtful I am ever going to be loveable to someone whom I also want to love back. And maybe I’m a little scared that I’ll never have a kid, or that if I do have a kid, I’ll never be a decent parent. And I’m still working on breaking the cycle of thinking something has to ‘sound’ or ‘be seen as important’ to be meaningful. There is beauty in the ordinary. I’ve started to make it my mantra. Spoken in my head every time I see a teenage couple holding hands walking in town, a father holding their baby close to his chest, a woman dressed in a power suit striding through an office building or city on their way to make their own careers or push equality further. I’ve started to dream of how actual normalcy makes the real changes. How every 4th grade teacher has a chance to change some kids life.

Clearly, a lot of these personal fears I have about myself not being ‘enough,’ or doing something good enough to become successful at it and build a life out of it, are monotonous fears and privileged middle-class complaints. I’m aware they may not resonate with anyone, anything, or mean much more than just being an online public diary entry to my own meandering thoughts, but, still - I finally felt like I had to try.  

So here it is, the whole truth on how I let myself become a ghost for years. 

I hope someone will stick around while I just... try to explain it all, figure it all out, and hopefully make sense out of even being whatever a human who is hoping to grow even means. Hopefully, something here will resonate with someone else and we can create our own little weirdo corner of the world where we’re not seeking more than just trying to be honest with ourselves and what it means to be human.  Even if that means just posting a recipe for banana bread (thank you Gwen Steffani for keeping me able to spell Banana), reposting random memes about how we all want to scream for 30 seconds and feel better, or sad-girl diary entry posts about how I ruined my own life a million times over.  Oh, and maybe I’ll give you tips on how to stain your wood deck, because I spent my day doing that yesterday and basically, Home Depot is calling me to be in their ADs. 

But at the core of it all, lets be very real, it’s hard to be human in so many ways. And I’m just hoping this connects with anyone. Especially any of us who wished we were different - in any way.

xoxo

-K

#diary #unsurewhatiamdoing #hope you like it #thisis33 #whatitfeelsliketobeaghost #being lost #am i doing this right? #is anyone out there? #does honesty still matter #does any of this matter? #art #growth #being an adult #trying to face my fears #writersofig #writing #lame girl stuff #uncool life #hope this helps #this is the start of my apology #im glad you're happy #thank you #pop culture #nonfiction #this is 33 #unsure what I am doing #how I became a ghost #hard drugs #former addiction #therapy

[yubyubarellano-blog]

1. Are you deluged by data?

2. What happens when you disconnect with your devices?

3. Do you suffer from infobesity?

4. Do you think you need a digital diet?

Deluged by data when I'm watching this documentary i was shock because of the changes that happen in our society today i didn't know that there is a big change today so to start my reaction paper lets answer the question 1 by 1.

1. Are you deluged by data? Well for me I'm not really deluged by data cause I'm not into social nowadays like Facebook, Instagram but unfortunately trying myself to cope up with millennial. Deluged by data begins with an expanding digital age that has swamped us under incoming emails, tweets, texts, alerts, photos, Facebook posts and now, new bio feedback data that peeks deep inside our personal life. But are these the tools for a happy new technological era or weapons of mass distraction like smartphones. This documentary is an eye opener to everyone and also an entertainment because there are equal numbers of data lovers and data haters with opposing visions. One of Freed says, “A growing army of data-addicts” loves all this data and believes it will revolutionize our lives and bring us happiness through numbers salvation through information.

2. What happens when you disconnect with your devices? for me i felt alone and bored device is important to me because it gives me happiness and help me to find individuals that i want to chat with for example friends, family, special someone.  But many former data addicts are burned out and bummed out. They think we’re suffering from data overload and Infobesity and it’s time to go on a data diet.

3. Do you suffer from infobesity?  Sometimes i suffer infobesity when i consume more information like they talk in the film they cast a humorous movement of so-called data sexual, they seduced and obsessed by the allure of raw data. Their new data-collecting devices are both fascinating and mind blowing.  But in the film Freed talks to former data freaks who’ve learned to take regular digital Sabbaths and even go to special retreats for a digital detox, DELUGED BY DATA visits a gathering of devotees of the new movement known as The Quantified Self who believe in self-knowledge through numbers. They measure everything from their computer keystrokes to exactly how many minutes they spend with each person every day. They use devices or apps to measures heart rate, brain waves, calorie intake, sleep rhythms, menstrual cycles, stress levels, and “galvanic skin response” then graph it against their moods searching for a lifestyle the formula for happiness. For better or for worse, we’re bombarded with information in today's digital age. Is this flood of data a blessing or a curse a new way to understand our lives or just a way to miss out on living them, can we learn to control our data, before it controls us?

4. Do you think you need a digital diet? I am one of the people who struggles with screen addictions or social media addictions to the point that it is adversely affecting their lives it is so hard to control myself because you can find your happiness in social media, digital diet I mean all of my friends are just as obsessed with their devices as I am. Everyone I know always checks their Instagram feed constantly, keeps 50 Snap Chat streaks alive every day, watches YouTube and Netflix for hours on end. I am just like everyone but I can't blame myself I really love it.

For my reflection on the documentary we must control ourselves about the data we used and no be abusive and before we use that data we must know the behind the scene of that data like asking where that came from who made it so base on the documentary they talk about the data on different types of data and one app consists of millions, billions or even trillions of data so i am so amaze on how they explain the scenarios on how the collect the data and the types of data and the word that caught my attention is the infobesity i think i already possess this because i can't make myself comfortable when my phone is not close to me and all my entertainment is on my smartphone it is really hard for me to live without phone or any gadgets. Taking back again to the title deluged by data yeah i am deluged by data because I'm too exposed on social media accounts even send message through online i think i do really digital diet but it is too hard for me to adjust because i can't help myself think about games, it is my passion i love school but i can see my potential about video games. Deluged by data is about the information who holds data like us people everything we do in application are consist of data that only computer know but the help of experts we can measure our data like heart rate, blood pressure etc. but in this documentary, they explain detail by detail on how the data works and the technology they used. So it is a little bit amazing right now cause we can play through hologram but sometimes it can lead to data overload or information overload that can lead us in to dangerous symptoms like being dumb sometimes memory loss or making you crazy that can make you addicted to it so you won't stop using it but before it will get us we must need to control our self by going outside,

I do hope devices must be gone just for one day then evaluate people on what they feel because this is too abnormal that everywhere and anywhere you go all people always watch their phones even hanging out with friends always watching his/her phone all I can say is we need an electronic break explore the reality.

[the-lichemaster]

all the even numbers

Ok then.

2. Outgoing or ShyShy. I making hate eye contact so much I’m eligible for disability benefits.

4. Are you easy to get along with?I think so, as long as your willing to do all the heavy lifting in the conversation department

6. What kind of people are you attracted to?Aggressive brunette women. Or more generally, I like people who have nerdy and weird interests but who aren’t annoying about it and aren’t squares.

8. Who from the opposite gender is on your mind?

Judge Judy

10. Who was the last person you had a deep conversation with?

A homeless guy I met while waiting for the pharmacy to fill my order (he was waiting too). I forget his name, but we talked about waste in capitalism and what our ideal societies would be.

12. What are your 5 favorite songs right now?

Answered this one earlier

14. Do you believe in luck and miracles?

No

16. Would you kiss the last person you kissed again?

No.

18. Do you still talk to your first crush?

No. I imagine she has forgotten all about me.

20. Do you like your neighbors?

I don’t talk to them, but they seem fine.

22. Where would you like to travel?

Answered this one already

24. Favorite part of your daily routine?

Getting drunk

26. What do you do when you wake up?

Curse the day I was born, check email and news on my phone

28. Who are you most comfortable around?

I guess my mum, but really it’s a 7 billion way tie with everyone on earth making me uncomfortable

30. Do you ever want to get married? 

Maybe, although I think if I did it would just to make someone else happy.

34. Do you play sports? What sports?

No. I used to be really into basketball as a kid.

36. Have you ever liked someone and never told them?

Oh yeah. Never told any of my crushes really.

38. Describe your dream girl/guy?

Funny, patient, pushes me out of my comfort zone, like horror movies and metal music (or at least is tolerant of them), dark hair, fangs, horns, bat wings

40. What do you want to do after high school? 

I graduated from high school over a decade ago. I wanted to go into Graphic Design, but that didn’t work out (turns out I hated sitting in front of computer all day).

42. If your being extremely quiet what does it mean? 

I have nothing to say. I am comfortable in silence.

44. Trip to outer space or bottom of the ocean?

Ocean. No critters to look at in space.

46. What are you paranoid about?

People secretly not liking me. Getting locked out of my apartment (When leaving I’ll check my pockets for my keys like six times).

48. Have you ever been drunk?

I’m drunk right now

50. What was the colour of the last hoodie you wore?

Black

52. One thing you wish you could change about yourself? 

Pretty much everything except my taste in things. Also bigger dick, obviously.

54. Favourite store?

I like used book stores, but I probably go to the liquor store the most.

56. Favourite colour?

Purple

58. Last thing you ate? 

KFC

60. Ever won a competition? For what?

Not that I can recall, no.

62. Been arrested? For what?

Nope. Too sneaky.

64. Tell us the story of your first kiss?

I was in I THINK 6th grade (maybe 7th). Our class was out camping by a lake (the school I went to would send the 5th, 6th, and 7th grades out to a camp for the last week of school). Her name was Laura, and I don’t really remember the context (it might have just been her goofing around). All I remember is it what by an archery range.

66. Do you like your tumblr friends more than your real friends?

Don’t have any real friends, so you guys win by default I guess

68. Twitter or Tumblr? 

I prefer Tumblr but I do have a Twitter, which I mostly use for more political stuff (@jeremyehm if you’re curious). I find Twitter to be really toxic, everyone’s always arguing with each other and being assholes. Plus it’s just an endless cavalcade of bad news.

70. Names of your bestfriends? 

Carling Black Label Supreme and Crown Royal

72. What colour are your towels?

Dark grey. This allows spiders to hide in them easily when they are hanging.

74. How many stuffed animals do you think you have?

Zero.

76. What colour is your underwear?

Blue. The pattern is of a polar bear drinking bear.

78. Favourite ice cream flavour? 

Strawberry

80. What colour pants? 

Dark blue

82. Favourite movie? 

Alien

84. Mean Girls or 21 Jump Street? 

Haven’t seen Mean Girls, so 21 Jump Street I guess.

86. Favorite character from Finding Nemo? 

The barracuda who eats Nemo’s mom at the beginning. I don’t watch Pixar movies, I think FInding Nemo was actually the last one I saw.

88. Last person you talked to today? 

The cashier at KFC

90. Name a person you love? 

My mum and dad, I guess

92. In a fight with someone? 

No, and if I got into one I would lose (unless my opponent was like a baby or on crutches or something).

94. How many sweaters/hoodies do you have? 

One hoody that I never wear. Should probably give it away to a homeless shelter now that I think about it.

96. Favourite actress?

Edwige Fenech, or Meiko Kaji

98. Do you tan a lot?

I’m part Irish, Danish and English, so I tend to burst into flames when in direct sunlight rather than tan.

100. How are you feeling? 

Not too bad. A bit gassy.

102. Do you regret anything from your past? 

Mostly everything, yeah.

104. Do you miss anyone from your past?

Not really.

106. Ever broken someone’s heart? 

I don’t think so. I remember towards the end of my senior year there was a girl in my grade who, in retrospect, was hitting on me/trying to hang out with me all the time. I was totally clueless and left her hanging, but I imagine I’m easy to get over.

108. What should you be doing? 

Fuck off, it’s my birthday. I’ll do it tomorrow

110. Have you ever liked someone so much it hurt? 

Not really no. Crushes are always a little uncomfortable, but since it’s impossible for someone to like me back I can usually just push it to the back of my mind.

112. Who was the last person you cried in front of?

Therapist

114. Have you ever been out of your province/state?

I’ve been down to Seattle and Los Angeles before. Never been to another province of Canada though!

116. Are you listening to music right now? 

Yes (listening to the Misfits). Unless I’m watching a movie or sleeping I’m listening to music.

118. Do you like Chinese food?

Love it

120. Are you afraid of the dark? 

No.

122. Is cheating ever okay? 

No

124. Do you believe in love at first sight? 

No.

126. Are you currently bored? 

A little

128. Would you change your name? 

I think I like my current name fine. Unusual without being weird.

130. Do you like subway? 

The sandwich chain? No, it sucks ass.

132. Who’s the last person you had a deep conversation with? 

Hey this is a duplicate question. Nice job, whoever originally posted this.

134. Can you count to one million? 

Yes. I won’t though.

136. Do you sleep with your doors open or closed? 

Closed.

138. Curly or Straight hair? 

Straight, but I don’t really care.

140. Summer or Winter? 

They kinda suck equally, but I guess there isn’t any snow in Summer, so I’ll go with that.

142. Favourite month? 

I’m going to say April or May. Warm and breezy.

144. Dark, milk or white chocolate? 

Milk, although I don’t really like sweets.

146. Was today a good day? 

It was pretty good, went to the dispensary, bought a pipe that’s shaped like a wizard.

148. What’s your favourite quote? 

Like this statement from the IRA following a botched assassination attempt on Margaret Thatcher and her cabinet: “Today we were unlucky, but remember we only have to be lucky once. You will have to be lucky always”

I also like a quote from a Maoist responding to Kruschev’s comment that while he was the son of a peasant while the Maoist was from the aristocracy: “We have something in common: we are both traitors to our class.”

150. Get the closest book next to you, open it to page 42, what’s the first line on that page? 

From “The Best Short Stories of J.G. Ballard”: “I’m beginning to realize it was a mistake to put them in there-all those lights blazing down, the huge floors, high walls.”

Whew, that took awhile. Thanks for asking.

[cryptoevent]

The crypto whale who wants to give billions away – Cointelegraph Magazine

Like many people in the cryptocurrency industry, Sam Bankman-Fried is in it for the money. As founder of the quantum trading company Alameda Research, the FTX exchange and the DeFi serum protocol, the 28-year-old man with curly hair has amassed a $10 billion fortune in the sector in just three years.

Unlike most people in the cryptocurrency industry, he’s building a fortune to give half of it away. He is an effective altruist who essentially steals from the rich to give to the poor through his supernatural, coded trading strategies.

Maybe without the robbery, he says. Ultimately, my goal is to have as much impact as possible, whatever that may be. And right now, I think, it’s through donations, so I’m wondering how I can do as much as I can and give as much as I can.

The SBF, as it is sometimes called, has been around for some time. He was director of development for the Center for Effective Altruism for a few months in 2017, and before that he spent half his income working on Wall Street. He plans to donate about 50% of his crypto billions, but only after he reinvests in his ever-growing empire.

Nevertheless, he donates to charities as they arise. He was the second-largest contributor to President Joe Biden’s campaign, behind former New York Mayor Michael Bloomberg, who contributed $5.2 million.

I was excited about the impact this could have. I thought what happened in the election was important.

In addition, the FTX Foundation has recently been established. It donates 1% of the cost of the platform and will double user donations, dollar for dollar, up to $10,000 per day. In its first weeks of operation, the foundation has raised more than $2 million, mostly in the form of donations from users, who can choose from a carefully curated list of charitable organizations.

Old pouffe

SBF’s growing notoriety was further enhanced when the company was included in this year’s Forbes 30 Under 30 financial list. I’m honored, he says. I usually look forward more than backward, so it was a little cool, but it went pretty fast.

It also ranked third in a recent Top 100 ranking.

He has been known to sleep on an ottoman chair in his Hong Kong office so as not to miss a deal. It seems that the main reason SBF earns more than anyone else is that it is almost never off-schedule.

I’m in the office, mostly 24 hours a day. Sometimes I just take a nap on the ottoman here and of course I talk to colleagues and sometimes people on the internet, but it’s mostly his job.

He has no girlfriend and doesn’t have many contacts outside of work, although he does find time to talk to his family in the United States on the phone several times a week. It’s safe to say that FBS’ers aren’t the kind of people who are desperate for a perfect work-life balance, or even accept that their productivity declines after the first 11 hours of work.

I think these kinds of stories are vastly overrated, and the cruel or inspiring truth, depending on how you think about it, is that the more you put in, the more you get out, he says. That motivates me, and that’s satisfying, but you know, another part of it is how I think I can have the biggest impact.

How did I get here?

The child of two law professors at Stanford University, SBF discovered the Effective Altruism movement while studying physics at MIT.

Made popular by philosophers and ethicists including Toby Ord and Peter Singer, the movement focuses on pragmatic ways of helping others, using science and reason to maximize benefits rather than the well-intentioned and mediocre results typical of some charities. This practical approach also extends to how best to help a person.

Imagine how much good you can do by working directly for a cause, compared to what you can do by working and donating to Wall Street. In many cases, you could probably help them even more with donations. So, basically, I checked out Wall Street.

Fellow interns at quant trading firm Jane Street Capital pointed him in the direction of Wall Street, and he began working there just after graduating from college in 2014. Why did they hire a physicist with little experience in finance straight out of school, you ask?

It turns out that strategies for quantum trading are valuable trade secrets, which means that effective strategies are not taught in university courses. Instead, companies hire people with raw talent: Mathematicians or people with extensive experience in physics or computer science.

What you need to know about the markets, they will teach you, he says. He has traded various ETFs, futures, currencies and stocks and has developed an automated OTC trading system. There, he became interested in the incredibly profitable arbitrage opportunities in inefficient crypto markets and founded the crypto-quantum trading company Alameda Research in late 2017 to take advantage of them.

Rules applicable to all whales

Alameda Research has grown into one of the largest crypto firms with about $2.5 billion in assets under management, although as with its own assets, SBF puts this into perspective with some caveats about liquid and illiquid assets.

Alameda is the Moby Dick of cryptocurrences, representing up to 10% of cryptocurrences circulating in the markets at any given time. I think sometimes he can get to that part of the volume, he says. I think the average is a little lower. It belongs to the group of five to ten large commercial companies in this sector.

This means that every Alameda transaction has the potential to move the markets and generate liquidity. Last October, Alameda was widely accused of having caused the IFJ’s share price collapse by short selling, although SBF minimized the impact of this practice. He believes that with great power comes great responsibility.

It’s an absolute responsibility, he says, adding that he tries to follow the approach of TradFi Quant’s companies. Their job is to find profitable companies, but also to provide liquidity and promote healthy markets, he says. The greatest responsibility is to do no harm. And to ensure that what you do generally promotes, rather than disrupts, the liquidity of healthy markets and the efficiency of transactions.

He added that arbitrage operations, for example, can have a positive effect because they make markets more efficient and reduce prices where there are premiums. Identifying and developing opportunities to profit from arbitrage transactions was the main reason for founding Alameda. One of the first big gains we made was Litecoin, he recalls.

There was a week in late 2017 when Litecoin was trading at a steady 20% price on the GDAX Coinbase [now Coinbase Pro]. That’s cool, you make 10% every half hour, I guess you make dollars forever? And that, of course, is not the solution.

It proved terribly difficult and necessary to use this facility to circumvent the trade size and withdrawal limits of one million per day. A few years ago in crypto-economics, a big part of the problem was finding the logistics, he says.

In another arbitrage transaction, SBF and its friends moved up to $25 million a day through a series of intermediaries and land banks in Japan to take advantage of Kimchee’s infamous bonus, which allowed Bitcoin to be traded up to a third more in South Korea’s hard-to-reach financial system than in the United States.

But it is the management of the outdated financial system that has caused the biggest problems. The slowest and most difficult, most expensive and frustrating part of arbitration is the fiat, he says, referring to the difficulty of getting accounts that can then be closed at any time, archaic procedures and bureaucracy, and incredibly slow bank transfers.

We worked in physical bank branches for five hours a day for over five months because it took a long time to transfer money, he says, adding:

It’s like arriving at 10am and staying there with a few people until 1pm to make all the appointments we had to have every damn day of the week to send the same recommendation we sent yesterday.

This is one of the reasons SBF is so passionate about the DeFi – its vision is to one day replace the existing financial system, which is already too cumbersome. The current payment rails are not efficient at all, he says. There are billions of companies that just abstract it, and you end up with this incredibly complicated web of shit to make it usable for most people. They work on older systems that were not even designed for the Internet.

Effects of cryptography

For many, the SBF did not become an important figure in cryptography and DeFi until the mid-1920s, when it began to have an impact on Twitter crypto. It was an intentional gesture: He would have liked to have stayed under the radar in 2018 as Alameda focuses on quota trading: Very little advertising is required, which is usually a disadvantage. But when he launched FTX, an innovative cryptocurrency exchange system, in 2019, he had to create a community around it, and he took the lead in becoming its public face on social media.

As regards FTX as a retailer, the following rules apply: The more customers, the better. You can develop the best product in the world, but if no one knows about it, it’s worthless, he says.

One of the most challenging and interesting tasks was finding ways to engage users, and a large part of this task was awareness raising.

He seems to have understood this, as the FTX is now the fifth largest derivatives exchange by volume, with a valuation of $3.5 billion. The company has launched a number of innovative markets, including offering token shares to companies like Tesla, Apple and Amazon, as well as trading on Coinbase prior to its IPO.

She is also using her wealth and influence to try to overcome what she sees as the biggest obstacle to widespread WiFi adoption. He believes that Ethereum, including Eth2, is not sufficiently sized for cryptography and DeFi to replace the existing financial system. Currently, DeFi can process about 10 transactions per second, and Layer 2 solutions offer several thousand TPS.

It’s an absolutely solid and immutable barrier to growth, he says. The Fay literally cannot develop as an ecosystem until this problem is resolved. That’s why there is no long-term plan that doesn’t address this problem. …it’s just deadly. Even the Eth2 target of 100,000 GST is not enough for what the SBF has in mind.

If your goal is to reach 100 million or a billion users, […] the application should be able to process about a million transactions per second to become one of the biggest applications in the world. So you can endlessly tick off the list without having to consider other factors, with a scaling solution that will not lead you to your goal.

This has led him to become one of the strongest proponents of Solana, a retail chain that currently handles 65,000 TPS and which the team claims could eventually reach amazing levels : 710,000 TPS on a 1 gigabit connection or 28.4 million TPS on a 40 gigabit connection.

In August 2020, he founded Serum DEX on Solana and launched SRM Cryptocurrency. Bankman-Fried says you can see the benefits of Solana in whey by the order book. The matching engine takes only a hundredth of a cent to place an order, and auctions take only a few seconds.

So get lots of juice from the higher flow. And that has really helped to broaden the product base. So much so that I think our best estimate is that Whey DEX probably consumed more transactions in six months of operation than the entire Ethereum store chain ever did.

Network effects have given Ethereum a hard time, forcing deFi projects and users to migrate to Solana. Even after Chief Nomi handed over control of SushiSwap to him, he was unable to convince the community to hand him over. In the end, it was much more complicated than we thought to migrate existing projects and much easier to create new ones, he explains, adding :

We would be very happy if they had an outpost on Solana. I think they still will at some point. But I also think Seren will go both ways. Ultimately, I want better products and better users, you know, no matter what.

(After our interview, there was a new proposal to build a version of SushiSwap on Solan and Whey, perhaps under the name Bonsai).

While the SBF argues that the network effects of many interconnected applications built on Ethereum are significant, it notes that each project will eventually need to migrate and dismantle assemblies and toolsets with existing options to move to Layer Two, Eth2 or another scalable solution. As for the number of users, he claims that the effects of the ETH network are overestimated.

The other part is that while DeFi’s current user base is very loyal, very large and powerful, it is not very large. The daily active users, I think it’s tens of thousands. I think FTX probably has more active daily users than all the DeFi’s combined.

It appears that SBF is considering implementing the Solana blockchain as infrastructure in applications where it is invisible to most users, to allow millions of users to access the DeFi. In early 2021, Alameda did a $50 million funding round to implement DeFi type tools on Maps.me, an offline European mapping application with 140 million users. Solana will build a multi-currency portfolio with exchange rates and locations. FTX’s purchase of Blockfolio could follow a similar strategy.

I think it will be a very cool product and a powerful suite of products for the application, he says of Maps.me. I’m very excited. I think this could be the start of adoption.

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Bitcoin Billionaire 6

Bitcoin Billionaire 6

Bitcoin will arrive like an unexpected tsunami for most people who will be shocked by all the changes to their daily lives and personal finances that this strange new currency will bring, seemingly overnight. They will think when they start hearing about crypto currency that it is some sort of social fad, or they may think that Bitcoin is an app like Facebook or maybe PayPal, something they can live without. The inevitable Bitcoin and Ethereum big-events, breakthroughs, milestones, hacks, and catastrophes    feel crucially important to everyone who is invested in the space both ideologically and financially. There are clearly serious political dimensions to Bitcoin as every nation, jurisdiction, and bank on the planet will be forced to come up with a Bitcoin strategy.  Blockchain enthusiasts see opportunities the so called, un-banked. They see the potential for micro- loan payments between people of the First World countries and women and men in the Second and Third World. There are consequential matters of freedom and empowerment, like Bitcoin’s potential for eliminating the huge fees migrant workers pay when they try to send money back home to their families. Billions of hard earned and badly needed dollars could stay in the migrant worker’s own hands if they transferred the money using Bitcoin with its comparatively tiny fees for the actual transfer and no foreign exchange fees for currency conversion.  We crypto currency enthusiasts learn all too soon that the world is not watching, that most people do not care, and in the end the big Bitcoin halving event, and the various hard and soft forks amounted to mere speed bumps during  a technological race that has moved on to new events at new locations by new participants. Bitcoin is a product of consensus, and consensus, in turn, is a function of mathematics, computer code, and game theory.

I wrote this book for new first-time Bitcoin adventurers. I also wrote it for serious players out there who are doing commerce in the blockchain and Bitcoin space, and who are trying to understand the new and fast-emerging body of laws and regulations, concerning their  business activities. My analysis of the American SEC or Securities Exchange Commission’s recent bulletin posted on their website about the Ethereum blockchain’s DAO hack will require a chapter unto itself. In another chapter about Bitcoin mining, I will write about my personal niche in the blockchain space:  real-estate and property titles, document securement, time-stamping, anti-tampering tools, and unbreakable encryption. I am a Bitcoin miner and I do it for profit, but just as important to me, only miners get to vote.  Mining is vital because it provides the essential electronic infrastructure that blockchains run on. The mining machines, or ‘transaction verification servers ’as I call them when I am selling the concept to skeptical authorities, connect to other nodes over the Internet worldwide in real- time to form unstoppable networks.

Open minded people who investigate what is now happening with blockchain technologies such as Bitcoin and Ethereum, and who then take a chance and invest will at a minimum have their lives enhanced by suddenly finding themselves making international contacts and doing global transactions. They will start thinking about the world in terms of politics, finance, economics, and technology. The profits in this new digital economy are staggering, and I must admit that it is completely exhilarating when these cryptos take off. The gambler’s rush from Bitcoin and Ethereum is better than holding a two dollar parlay bet on a longshot horse that becomes a wire to wire Triple Crown winner;  because the thrill of victory often lasts for several months at a time, and making a killing  is not a one time event. These digital assets often take off with afterburners blazing and they fly straight up the charts with near vertical trajectories. We are talking about seeing your money double in two months, and then do it again the following month, and then rise by 30% in a week. We are used to seeing thousand percent annual increases on ICO or initial coin offerings, and on crypto tokens of which there are hundreds. There is around one-hundred billion dollars invested in the tokens right now, with an additional several hundred million dollars of capital invested by corporations such as Microsoft, Wanxiang, and IBM, by venture capital companies such as Fenbushi, and by governments, and the major accounting firms such as Deloitte, and consortiums of big banks like those that   have partnered with Blythe Masters. Whether Blythe Masters becomes the first Bitcoin Billionaire remains to be seen, but I think that her Digital Assets will have the greatest dollar volume of all the global crypto currency and blockchain companies by far. They are just now finishing a complete rebuild of the ASX Australian Securities Exchange, and she has her eyes on the Toronto Stock Exchange among others.  Her blockchain distributed ledger systems will be used by many large international banks.

 In early 2016, I started exploring Bitcoin. I bought my first Bitcoin for $630.  Today, a year and a half later, Bitcoin is trading at $4,066 and people are saying that although it is down today it will most likely break $5,000 soon. Others say that until it hits $10,000 the big money will sit on the sidelines and wait and see. Most financial analysts and economists would agree that if only five-percent of the money that is currently invested in gold or gold derivatives worldwide transferred into Bitcoin that the increase in the value of a single Bitcoin would be astounding!

Sandra Ro and her CME group have teamed up with the Royal Mint in London, England to create digital gold tokens. Sandra Ro already exhibits the staid confidence and presumed authority of a billionaire.  If my guess is right, she has more than one traditional  billionaire backing her efforts. This gives rise to the question of whether an Ethereum Billionaire is in the same category as Bitcoin Billionaire, and for the purposes of this book any crypto billionaire will qualifies in the race for the first crypto currency or blockchain billionaire.

Jen Lee is ZenGold’s CEO and Viewfin vice president. ZenGold or ZGC is a token on the Metaverse blockchain. Metaverse is located in China and is available  on the Internet at mvs.live .  Metaverse  prides itself on being the first public blockchain in China. ZenGold offers   smart contract gold derivatives.  ZenGold backs the  ZGC  token  with physical gold held at the Shanghai Gold exchange.   My friend Philip McMaster lives in China and is helping me find used mining equipment. He introduced me to Eric Gu at Consensus 2017 in New York. Eric Gu is the founder and CEO of Viewfin, the company that developed Metaverse.  Given the head start that Eric has, his huge target market, and his solid connections to the largest investors in China, Eric Gu  may well be the one to become  the first Bitcoin Billionaire. I predict big things for Metaverse and for the ‘Entropy’ ETP token. Westerners are puzzled at the choice of that name because we have a generally negative connotation rather than an image of a positive change of state like ice melting into water which is how it was intended, and  how the Chinese interpret it.  Possibly they are better informed of the second law of thermodynamics that states entropy can only increase over time. Consider China’s biggest project of the century ‘One Belt One Road’. This name leaves us confused in the West as we have trouble relating ‘One Belt’  to  a string of transportation infrastructure projects that are being constructed  to  restore the ancient Silk Road overland intercontinental trading route. Language problems are always severe to say the least, and doing business with China requires a thick skin and a willingness to get over the constant communication hurdles. The biggest app in China is WeChat. The app is an aggregator that has games, banking, messaging, and so on. It is like going back to the early AOL model of a closed environment. Metaverse intends to follow the aggregator model, and has Avatars which are personalized to represent the person who owns the account. People, companies, or even Avatars themselves can own other Avatars or fractions of other Avatars.  Avatars can shop and do business independently and anonymously. Metaverse  has pioneered the use of   Oracles that act as guarantors for transactions done by the Avatars. The fundamental philosophy of Metaverse is that the blockchain environment should not exclude lawyers, accountants. and regulators but should accommodate them as Oracles. Metaverse has a new social network that I am one of the few westerners to have joined. Did I panic and flee when the application   to join  had a box requesting that I give them my blood type? Should one be alarmed that the growth of Metaverse will hopefully result in a ‘Programable Society’?  No, that is exactly the kind of flexibility to cultural differences that is needed to get things done. That, and a tolerance for major time zone adjustments, visa requirements, language barriers, and seventeen-hour flights.

I needed some cash today so much like digging in the couch for lost coins and raiding the piggy bank, I surprised myself when I raised $485 from QuadrigaCX, my crypto currency exchange in Vancouver, Canada.  I sold   three and a half Litecoins for $63, each which was great because I had paid just three dollars each for them eighteen months earlier. I also sold a half of an ETH or Ether, the Ethereum token for $270. Just some residual pocket change from closing out an old wallet with a small balance that had grown to become significant.  I then received $6.07 worth of Bitcoin from Genesis Mining to my Blockchain.info bitcoin wallet on my iPhone. On top of it all that evening I made $23 from my Steemit blog account at   https://steemit.com/@doubleeagle  where just under four hundred dollars remains of my eighty-dollar investment.  I earn about seventy cents per day from Slushpool  for the hashes produced by my noisy old, Antminer 5 Bitcoin miner. The seriously outdated but reliable rig has paid itself off many times over and is still running fine.  The key to my system of investing in Bitcoin is that I think of that seventy cents daily payout in Bitcoin which is around   17,000 to 18,000 Satoshis per day.  Imagine a time when a Satoshi is like a dollar is today, and when a Bitcoin will be worth well over one million dollars. I would say that this is all highly speculative, but in my view for the average person the extraordinary returns from crypto currencies are matched only by the lotteries which offer low odds of winning.  Ironically it seems to me that there are very high odds in favor of windfall profits if the Bitcoin is held long term. May I suggest redirecting some of your discretionary lottery budget to investments in crypto?

There is a reason why so few writers have tried to write a book about what is happening with Bitcoin. This, although it is probably the story of the century, and marks a great epoch in human history. Trying to write a book on this topic is like trying to drink from a much-referenced fire hose. Change is everywhere, and unexpected dramatic change happens weekly. Writers must feel as I do that the important things that they have researched and written about are largely irrelevant in mere months. There is an immediacy  due to the needs of real-time  day trading investors are looking for instant news. Most people find four or five trusted sources for news and then  follow these writers on YouTube and Steemit. There are major thefts of Bitcoin from exchanges now and then affecting prices, or news from China, or some new pump and dump hype, and FUD or ‘fear uncertainty and doubt’. There is always the potential for the digital tokens to disappear if they are not handled correctly or even sometimes if they are. This reminds me of how the penny mining stocks used to be, in the days of commodity exchanges like the VSE Vancouver Stock Exchange. Bitcoin is said to be economically modeled after a commodity such as gold. Bitcoin like gold has a limited supply of twenty-one million and is always becoming more expensive to produce.

Bitcoin went through the planned second ‘Halving Event’ in July of 2016 where the payout per ten- minute block dropped from twenty-five bitcoins to twelve and a half bitcoins per block until the next halving four years hence. The current volume of Bitcoin mined per day is $7.3 million dollars. This does not include transaction fees.  Miners are being rewarded about $300,000 USD per hour or $50,000 for each single ten-minute block. As you can imagine there is intense competition among miners to get these prizes. It is a mathematical probability decision as to whether a miner should gamble and go it alone where if the block is found the entire reward may be kept. I opted instead to join a large group of other independent miners from all over the world who plug our hash rate into Slushpool. Now the mathematical probability equation works in my favor. Marek Palatinus aka ‘Slush’ started this the world’s first mining pool at   Prague, in  the Czech Republic.  I chose Slushpool because they have demonstrated having the most successful experience of anyone to adapting to change.  We share the payouts including fees, we get to cast votes on critical issues, and we receive reliable daily revenue, which arrives in my Bitcoin wallet. I should say that I do not receive daily mining payouts any longer because when I went to spend the rewards with large transactions there were inordinately high fees due to the composite nature of all those little payouts. I have since switched my payouts from Slushpool and Genesis Mining to 0.01 BCT lots, and just leave them building at the pool or with Genesis. I intend to devote time in a later chapter to, Genesis Mining CEO and CFO Marco Streng and Marco Krohn, these two guys are prime candidates to become the world’s first Bitcoin Billionaire. Together these two world- class players have built l big mining operations for Genesis Mining in secret locations around the world including Iceland.  The island nation  has  obvious geothermal electric generation potential, and similar cold weather to Manitoba. These two guys are much more secretive than Bitmain’s two CEOs  Jihan Wu and Micree Zhan who appear  a little later in this  book. Surely from an academic perspective questions arise as to if companies having dual CEOs will become a trend in business? The only team in the past that I can think of would be Google’s Sergey Brin and Larry Page and that turned out to be  a roaring success.

Japan has surged ahead in Bitcoin adaptation nationally among the other G20 economies by adapting point of sale Bitcoin terminals in several hundred-thousand retail stores. The People’s Republic of China is still the dominant world player in Bitcoin because of all of mining and equipment manufacturing design that takes place there, and because their government has had the best Bitcoin strategy. Bobby Lee the CEO of BTCC the first, and still the largest Bitcoin exchange in China, who is a definite contender for the first Bitcoin Billionaire title, said recently that his company did not encounter much friction from the People’s Bank of China as they were growing their business because the PBOC views Bitcoin as a digital asset rather than as a currency. He also says we should not expect terminals to pay for goods with Bitcoin in China because even Hong Kong dollars are not permitted for use in China only the Renminbi China’s official currency may be used as legal tender.  Jihan Wu and Micree Zhan are co-CEOs of Bitmain the major manufacturer of Antminer Bitcoin ASIC Bitcoin mining equipment. Given the enormous scale of their operations which also include Antpool;  both of them would have to be leading contenders for the  first Bitcoin Billionaire title.  Bitmain’s Bitcoin mining hardware is chronically backlogged with orders for mining equipment. Their position is understandable.  Why should they sell the machines instead of just plugging them in and keeping both the machine and the money earned everyday Bitcoin mining?

The Bitcoin revolution comes at a most opportune time for the Chinese. They have excess hydro-electric generating facilities and they need cash for their rapid expansion. Bitcoin mining creates immediate cashflow that is both local and lucrative.  The situation is much the same in my home province of Manitoba, Canada; with our many large hydro-electric dams on the Nelson river that flows into the Hudson Bay. That’s right, the Hudson Bay, Manitoba has polar bears! We are quite far up north and even with global warming we can offer free cooling for eight months of the year because of our cold weather. The mining equipment  runs very hot and needs  constant cooling which accounts for a major percentage  of overall power usage . I have an ongoing lobby with a  mission  to promote Bitcoin mining in Manitoba. We are exploring the feasibility of importing one or two large shipping containers of used Bitcoin Miners from China to Winnipeg. I try to lobby the government, and Manitoba Hydro the electric utility which is a Crown Corporation to get involved. That is why I took some extra steps during my visa application to attend Devcon 2 the big worldwide Ethereum Developer’s Conference in Shanghai which I will go into later.

I watched a YouTube video today that was put out by Roger Ver who would definitely be in contention for the first Bitcoin Billionaire title. He says that he holds over half of the Bitcoins in Peter Smith’s Blockchain.info wallet, which is my recommended Bitcoin wallet. The wallet web portal is based Luxembourg,  but it seems that most transactions are routed through   some small islands off the west coast of Africa, and has more funds than all of the other  Bitcoin wallets combined. I keep my Bitcoin in my Blockchain.info wallets on my Samsung S7 Android, and on my iPhone 6, and I also have a matched version on my main desktop  PC. I really like the way the Blockchain.info wallet user interface works. They have fifteen million wallets in use and have completed one hundred million transactions. Peter Smith is another player with the potential to be the first Bitcoin Billionaire.

Ver was criticizing the Bitcoin Core team and Blockstream a closely related company that employees many Bitcoin Core developers. Adam Back heads up  Blockstream and he is a very respected long time Bitcoin developer. I sat across from him at lunch at Construct 2016 the invite only San Francisco developer’s conference put on by CoinDesk and sponsored by IBM. I said loudly so as to catch his ear that I liked the idea of flexible fees. I have interests in Bitcoin mining and I like earning mining fees.  So yes, I admit that I am biased, but  I still want fees to be fair for migrant workers and people in the third world. There are about two- hundred and fifty thousand dollars per day paid to miners in  fees. Roger Ver is saying that people will leave Bitcoin for alternative crypto currencies if fees get to high or the network has delayed confirmation times, what he warns could become a poor user experience. This was in fact happening and fees had risen from being nearly free to fifty dollars and more sometimes, which Core points out people were willingly paying albeit with a grumble. But everyone had made such high profits just on the increase in the value of Bitcoin alone that they could bear the fees with ease and they did.

Vitalik Buterin is an extremely intelligent young man who started out writing about Bitcoin and then created Ethereum, which is Bitcoin’s biggest competing currency.  The focus was no longer to be on the value of the Ethereum token ETH, but rather on the ability of coded ‘smart contracts’ to use the immutable blockchain in the EVM for legal commerce whereby the funds are not released until certain conditions are seen to have been fulfilled by the smart contract.   I must say that no one is complaining that Vitalik’s original vision of a cheap token did not work out, and Ethereum has soared to recent prices as high as four hundred dollars and can boast a total capitalization of thirty- billion dollars USD with rapid global multi faceted growth. So, will Vitalik be the world’s first Bitcoin Billionaire? I do not know, but he has been voted the most influential person in crypto by industry participants. Like so many intellectuals before him Buterin seems to eschew riches, instead, he is happy in his role as "Chief Scientist" for the Swiss non-profit Ethereum Foundation and in experiencing extensive travel and learning foreign languages. His sudden ability to speak Chinese surprises audiences as he takes questions and gives lectures in Mandarin. I was surprised to see Vitalik speaking fluent Russian when he met Vladimir Putin recently. Vitalik just announced that Metropolis will be released in late September of 2017 with a hard fork. ‘The Plasma Framework’ scalability solution will be done in coordination with Joseph Poon of ‘Lightening Network’ fame, and will feature 'zk-SNARKs' or zero knowledge proofs. Vitalik does not like mining, he says that it wastes electricity and computing power. He and Vlad Zamfir have been working on ‘Casper’ a Proof of Stake system that does not require Proof of Work mining. POW or Bitcoin Mining makes it too expensive in terms of electrical costs, equipment costs, maintenance costs, programming costs, and in the time needed to download the entire blockchain; for a hacker to build a super- computer and try to overpower or out-speed the blockchain in a malicious attack to harm the blockchain or to commit fraud.

In 2016 big money flowed into the development of Ethereum from Microsoft the sponsor of the event along with Wanxiang Blockchain Labs and Fenbushi the largest venture capital firm in Asia. We are talking an easy hundred million dollars committed with every indication that ‘all systems are go’ for even bigger things to come soon. The Devcon 2 event in Shanghai was successful beyond all measure and caused me to really stand up and take notice of what these alt-coin pioneers had already accomplished, and where they were headed.

There is a video commentator from Epicentre that I like to watch online named Meher and I wound up sitting beside him for a while in Shanghai at Devcon 2. I let him know that I liked it when he and Sebastien Couture and Brian Fabian Crain did online shows for Epicentre and that I was a fan. I was interested to see how he would describe the experience to his co-hosts and their viewers when he got back to Europe.  I tuned in on YouTube when the video came out. In the program, he said the event and the city of Shanghai seemed like “science fiction”. That it was like living a scene in a science fiction movie. He was spot on as usual. That is what it felt like to me as well only probably a lot more because being so much older I see so many things that would have looked like science fiction in the 1950s and 60s. It started right at the airport where I was chauffeured to the Hyatt on the bund hotel in an BYD all-electric car instead of taking the Maglev high-speed train into the crowded and colorfully  lit  streets of downtown  Shanghai.

Vlad Zamfir was received enthusiastically by the crowd of nearly 2,500 Ethereum professionals at DEVCON 2.  Vitalik   praised him highly to the crowd and thanked him for his assistance in dealing with a serious DDOS or dedicated denial of service attack some bad actors tried pulling in the middle of the night before in Shanghai. The attack was obviously planned to catch everyone in Ethereum off- guard because so many staff were in Shanghai and away from London and Switzerland, and to exploit the time zone differences.

The Construct 2017 conference in San Francisco was held in the Palace of Fine Arts an historic symbol of technology in the Bay Area.  I observed that it was a two Tesla event although, there was also a BMW electric car there which I thought was very futuristic. Vlad Zamfir seemed to me to be a little down at the conference and he looked tired. When he started his presentation on Casper, and how proof of stake was going for him and Vitalik, he was shocked to see that many people were doing other things and several were not even listening to what was really important news. He went through the very interesting talk anyway and I guess he realized that maybe either these were Bitcoin guys or maybe they intended to watch the video when it came out.  Later that day I listened to him again when there was a plenary on the threats of AI or artificial intelligence. Vlad clearly said that he was worried about inventing something that in the future might have unintended consequences that might somehow   technologically harm people instead of freeing them from state and banker’s control. He fears a government somewhere could somehow use some of this to control the entire population. Vlad was seeing the bad side of the world because he had been spending months   running game theory scenarios looking for fatal flaws that could be exploited by hackers of the Casper Proof of Stake Protocol that Vitalik has promised will take Ethereum away from mining. He  said that he was pushing as hard as he could ahead but the weight on his shoulders was a tremendous responsibility and was becoming a heavy burden, although he was more than up for the challenge. Thirty- billion dollars worth of Ethereum at risk now, and a perhaps a slight  risk  that despots somehow misuse these tools. Several months of serious game theory will do that to you. I think that by doing a full risk analysis Vlad is being responsible, and I am sure he will never end up doing anything but good.

There are plenty of good reasons to be suspicious about malicious bad-actors behind the scenes. State actors, money launderers, tax cheats, ransomware hackers, all manor of criminals that hide in the dark could try to use crypto to avoid the law. On the dark web Tor browser sites like Silk Road have already enabled criminal activity. It is common knowledge that the Tor browser was released by  US Office of Naval Research and DARPA in  2002. We also know about how Bit Torrent enabled peer to peer file sharing that could be used for pirating copyrighted material, and that there is pornography on the Internet or  how prostitutes could be contacted on the backpage website. So, do we just shut down the Internet?  Of course, we don’t, and we can’t because the Internet has become a huge indispensable sector of our society and economy.

We still do not know who Satoshi Nakamoto was or if he was just a cover name for  an operation of the United States or some other government. Possibly Bitcoin was designed as a fall back plan  because in 2008 a sudden catastrophic meltdown in the American economy based on bad mortgages took place that was becoming a crisis nearing that of the Great Depression of 1929, and a total collapse was feared imminent  by many top level officials at that time. Banks were failing and major companies where in terrible financial shape. Some people still claim that some of the larger Bitcoin transactions today are funding Black Ops worldwide. European authorities have also reported  that the Islamic State terrorist  cells   in Paris and Belgium  had used Bitcoin to fund operations before the horrible attacks.

I find it unfortunate that this  generation has to  function in a trust -less society in cyberspace and in  a trust-less society in the real world. The real world has fake news, propaganda and lies, and the crypto world has alias usernames, encryption, and reputation.  This crowd has a very strong need  for consensus and avoid contact with people who have been  shunned for the social transgression of saying that the group might be wrong about something. Algorithms on MSN and Facebook and many other social media sites give the viewer content that has been determined to appeal to them by their politics. I was determined not to say anything about the recent  American election because I am not a citizen of the United States. The Construct 2017 San Francisco event opened with exasperated announcements that many attendees were having trouble at the airport because of the tremendous confusion because  President Trump had just announced his immediate  travel ban. There were   terrible scenes on television  of families at the airport with their travel plans disrupted and their lives turned upside-down, some innocent travelers  were being held  in custody because of all of the confusion. Someone took the microphone on the stage and addressed the crowd with a defiant suggestion that the programmers  should fight to make blockchain based identity documents so that refugees with no passports or birth certificates could prove that they were legitimate refugees rather than the sleeper cell terrorists they were being accused of being.

Later at the lunch that I had basically shouted across the table  that I liked flexible fees for the benefit of Adam Back, I turned the topic as to whether or not judges could be trusted, because as I told them all that I find it shocking that they really do not trust judges or their  legal systems. I told  Matt Smith the  bright young  senior developer from   Gem  in  Los Angeles, that maybe it was generational, but   I still trusted judges.  I give everyone the benefit of the doubt and an assumption of honesty.  They had been conditioned to expect the worst from people  because  their real world ethics had begun to reflect their  cyber ethics, and  their game theory ethics.  I tried to argue that if one does not believe in ‘the good man or woman’ one probably will feel like a sucker trying to be  a ‘good man or woman’.  They got the last word in with “ Look at our last election”  to which I was pledged not to comment, everyone agreed  it  was a winning argument.

We still do not know who Satoshi Nakamoto was or if he was just a cover name for  an operation of the United States or some other government. Possibly Bitcoin was designed as a fall back plan  because in 2008 a sudden catastrophic meltdown in the American economy based on bad mortgages took place that was becoming a crisis nearing that of the Great Depression of 1929, and a total collapse was feared imminent  by many top level officials at that time. Banks were failing and major companies where in terrible financial shape. Some people still claim that some of the larger Bitcoin transactions today are funding Black Ops worldwide. European authorities have also reported  that the Islamic State terrorist  cells   in Paris and Belgium  had used Bitcoin to fund operations before their despicable  attacks.

I had one mission at the Construct 2017 event in San Francisco. I had driven  in winter through the mountains  from Winnipeg to San Francisco   to ask Zooko Wilcox a question about ZCash mining. I intended to walk right up to Zooko and ask him  about Claymore’s new ZCash mining software. Zooko is a tall thin man, kind of a tough guy like Clint Eastwood or maybe an eccentric billionaire type  like Howard Hughes. He was really on his guard because he had recently stated  publicly that he feared for his safety and was rushing ahead with unbreakable encryption because he feared the government would try to stop him in any way they could. His logic was  once it was launched he would be safe. I watched how he inter-acted with the other big-name speakers, like Joseph Poon , and Vlad ,and others  who genuinely liked him.  He was obviously very popular and he had  decades of experience and achievements.

He was standing alone for the first time and I pounced. I stood right in front of him and I said “ Hello Zooko. I am Jeremiah a miner from Winnipeg and  I  have just one quick question about the Claymore ZCash miner if you can spare me a minute”. He smiled warily sizing me up and by that I mean he probably was thinking … “Is this fat bastard from the NSA?”.

I stood my ground  and held his eyes in a lock and waited. He smiled a little at my audacity and reached down and turned up my identity tag to this invite only event where press were expressly prohibited. CoinDesk took a post event survey and have announced that next years event will welcome the media. He read Double Eagle BTC and stared at me accusingly. “Yes I said I am a miner from Winnipeg and as you are the main guy for ZCash tell me if you think I should  trust Claymore”? He said “Mining, I don’t have anything to do with mining”. I said “Well, Claymore sells for forty dollars on a plug and play mini 16 GB SSD drive that auto mines ZCash but they take a minute and a half per hour and use your resources as they want. They might mine the same coin, or mine another coin”. My point was could they do something I did not want happening on my system during that time. IPFS or the Interplanetary Filing System has proven  that networks of idle computers can rent out their storage space. Zooko knew what I meant but either he really did not know much about mining or he was playing dumb to fit with his ‘Ceremony’ narrative ; which has bizarre cloak - and -dagger elements that I do not know enough about  to go into it in much depth, although he did go over it in some detail on stage. It involved his attempt to assure people that there had been no pre-mine of ZCash and that no one had a universal key. It involved six computers in different locations that all cut a DVD with one sixth   of the code.  Then the computers that had been previously stripped down  and their hard drives were destroyed. I think this example of the social trait of millennials in general and techies in particular demonstrates counterproductive  ways that the ‘no good man or woman’ mindset can impact beliefs and behaviour. Reputation played a role as Zooko  has a very good reputation, and his other participants lent their excellent reputations to the effort as well. Still Zooko said on stage that he felt that he could not just say trust me. My question is why couldn’t  Zooko just say trust me?

In any event as I write this about eight months later ZCash has a market capitalization of $566 million USD and is priced at $274.66. It looks like a real winner because several  of the best new Ethereum wallets such as  Jaxx  are using ZCash  for anonymity. My pool Slushpool has started mining ZCash and it seems  Claymore’s mining program was just fine but I have several other new ZCash mining programs available for free. Genesis mining now has ZCash mining contracts available, along with Ethereum, Monero, Dash, and Litecoin. I really made fantastic profits  on the X-11 Dash contracts that I bought from Genesis Mining  last year. We can take a deeper dive into comparative experiments that I have done to calculate the value of home mining versus cloud mining such as buying contracts with companies such as Genesis.

The Bitcoin blockchain forked on August 1, 2017. That means that if you had a tenth of a Bitcoin on July 31 you got a matching tenth of a  BCH BitcoinCash token.  You doubled your token count you now hold equal amounts of BTC Bitcoin and BCH BitcoinCash. The sudden unexpected decision that Bitcoin would   fork on August 1st must have been made in late May at the Consensus 2017 event in New York sponsored by Barry Silbert. He is America’s premier crypto currency entrepreneur.  He would be my pick and he would get the highest rating in my handicapping of the Bitcoin Billionaire’s Stake Race. He has over fifty  crypto currency related companies in fifteen  countries. I really feel like a small thinker when I watch the maneuvers of a big thinker like Barry Silbert, owner of the Digital Currency Group, Grayscale Investment Trust, and  CoinDesk magazine. I invested in his  new Bitcoin ETF derivative GBTC  units from Grayscale, and I did ok with them. They only deal with accredited investors with net worth of over one million dollars exclusive of residence or income of over two hundred thousand dollars a year for each of the past two years. Luckily for me the oil business was not yet completely dead  so I qualified on income.  The units are based on NAV net asset value rather than being a fraction of a bitcoin as many people mistakenly believed when the fund was launched. I balked and sold out after receiving an offer to invest two hundred and fifty thousand dollars at four o’clock PM that would be priced at NAV regardless of where the unit price had ended trading on close at 4 PM.  I could not see much difference between this overly attractive offer and the late- trading issues mutual funds  had seen many years ago.

I must admit  that I was wrong earlier when I was very critical of   Silbert when he started buying Ethereum Classic ETC tokens after the Ethereum fork. As Andreas Antonopoulos the best promoter of Bitcoin on earth whose opinion I value highly warned in a video I watched about the resurrection  of Ethereum Classic  ETC by Charles Hodkinson  after an unknown hacker in Russia using the handle Arvicco first revived the discarded pre-fork Ethereum blockchain. “When one is most absolutist in their position, that is often the time when one is most likely to be completely wrong” and time has shown that such was the case.    I attended the  Consensus 2017 conference with my pitch for Bitcoin mining in Manitoba,  but had no inkling about what was happening behind the scenes in the five floors of meeting rooms at the New York Marriot Marquis hotel located on Broadway in bustling  Times Square. A so called “New York  Agreement” was signed   by many big time Bitcoin companies and exchanges in some exclusive  back room negotiations. A week or two after the event it was  announced that an unstoppable fork would take place on August 1, 2017, as it later in fact did, just as predicted with the precision of a total solar eclipse.

The one-megabyte block size will remain the same with slight capacity improvements as part of Segregated Witness off chain features are added that save space. This is an improvement that Erik Lombrozo has been promoting for the Core team, and that Andreas Antonopoulos has recommended as a good BIP or Bitcoin Improvement Proposal. This will mean that fees will remain higher than they would be if the block size went to two- megabytes as many thought it was poised to do, or to an eight- megabyte size that many users had also been lobbying for during the past year.  Transactions may be slower because of the full blocks but the ten-minute block benchmark is adjusted by a mechanism called the ‘difficulty’ which adjusts every two weeks in Bitcoin and every four hundred blocks in the much faster fourteen- second Ethereum blockchain.  So far I have not seen problems with high fees or slow confirmations. People said yes, I want that free money and welcomed the new BCH received after the split. My company website  https://smartpropertyblockchain.ca  has  live prices for Bitcoin and Ethereum  posted on the home page from widgets provided by Cryptocompare.com .  Bitcoin is at $5,352.55 Canadian Dollars and BCH or BitcoinCash at $899.23 CAD. The Ethereum blockchain had seen a previous fork and stable trading patterns have evolved over the past year my website shows Ethereum priced at $418.03 CAD and ETC at $18.90. These forks are a little bit like stock splits but there is no guarantee that you can access the cloned token unless you have made arrangements. The combined price of BTC and BCH is greater than BTC was before the fork. Everybody won.

I know that I look like an old cop and I try not to freak people out. It did not matter that I looked like an old cop when I was in Fort Collins Colorado and I explored  the civic culture of recreational marijuana stores  so as to get an idea of what to expect at home now that Canada’s Prime Minister Justin Trudeau has legalized it.  I was also very interested in the Fort Collins Solar Clean Energy Collective. They had a great set up with local people buying unit shares. Their large array of collectors were not dual axis solar tracking as I would suggest  but it was up and running and was financially viable. I have found that many  programmers have a side interest in solar. That was the main thing  the two engineers  from Microsoft wanted to talk about in San Francisco.  Elon Musk has some new solar roof tiles  that are lighter, cheaper, more attractive, harder to break, and easier to install than ordinary roof tiles, and his whole package of a Tesla in the garage, with a Powerwall 2   battery for the house and solar panels or roof tiles intrigues young engineers . I find a lot of excitement about this at Bitcoin conferences by programmers. One of the best applications that I discovered  at Consensus 2017 was an idea that  Susan Furnell described:   a micro-token that is self generated and powered by  the  solar panel that it is monitoring , the token is then sold automatically  through smart contracts with utilities and exchanges. I have been  trying to design a  dual axis solar tracker program using a raspberry pi  mini-computer and Arduino controllers.  I am  going back for the third semester of computer programming at the University of Winnipeg next month.  I decided a long time ago that rather than to  first take code off of Github, I would put some good code on. I have nightmares of Trace Mayer shouting in my face “where is your code, show me your code, you will never make the team, you’re just not good enough”. Trace is rough on rookies but when he goes on Jeff Berwick’s Dollar Vigilante YouTube Channel   to debate Roger Ver. He does argue a good case and he is obviously a guy who would make any team.

Talking about the unknown origins of so much of this new technology the recent story of  ‘ Mimble Wimble’. Named from Harry Potter it is super encryption that suddenly appeared posted online. The ramifications of this new super encryption technology are being discussed but no one knows where it came from. It is really the next big thing and by the time I get this book up to that chapter hopefully it will be better understood.

One does not have to look at the latest mathematical encryption techniques to find the actual conceptual barrier that the over 55 crowd has the most difficulty understanding.  This new paradigm changes everything that we have grown up believing about business, proprietary assets, and value. I think that it all started in 1991  with Linus Torvalds who  released  the Linux operating  system for free, all he wanted to retain for himself  was control  of the name Linux. Torvalds probably  would not wish to be entered in the Billionaire sweepstakes. Judging  from how  he acted  in sharp contrast with Linux as  to what Bill Gates, who is most certainly a Billionaire, had done with Microsoft. Torvalds later set up GitHub which is a stack based open source code repository that has become the main gathering place for programmers.  Many companies do their development on GitHub. This means that everything is out in the open and nothing has a patent or trademark or needs a licence to be copied.  Elon Musk shocked investors when he bravely re-declared Tesla’s commitment to open source. From the size of the lithium battery that goes into the battery pack, to the weight of the Powerwall 2, everything is open for competitors to see, and that includes autonomous automobile navigation systems. Competitors could potentially save millions of dollars in development costs that Tesla had to spend to get the same information, or to get the design to that stage.  Satya Nadella the visionary CEO of Microsoft understands   and he has made Azure Microsoft’s big new  BaaS blockchain as a service and  data base management system open source. He has announced plans for Excel spreadsheets to have Bitcoin as an available currency, and of course Microsoft accepts Bitcoin on their website for any of their products. IBM is dabbling with open source by participating in the   hyper-ledger project but it is certainly not ready to sanction a change in policy yet.

Maybe I should give an example from my own business situation of how this plays out in the real world. I have smartpropertyblockchain.ca which is a new company in Canada that has a stated purpose of offering a blockchain alternative to the Torrens style paper- based government Land and Property Title Registries that the government or it’s surrogates run. What if your government was Venezuela, or Libya? Land fraud is common in many countries and it is hard to protect yourself from  the risk of it. One or two bribed clerks with a rubber stamp, or maybe a lawyer with some bogus or altered documents, and anyone could be in jeopardy of losing their property. There is a company in Austin Texas called Factom and by the looks of the smiling faces on their website it is a great place to work. The company has been very successful and has many major law enforcement agencies on it’s client roster including the Department of Homeland Security. Factom’s CEO Peter Kirby is quoted in CoinDesk as having said “We really believe that when you move all of the data in the world into the blockchain you can create a lot of transparency and value”.  Early investor Tim Draper is quoted in the same article saying “Centralized data is prone to critical failure by any individual mistake, whether by user error or malicious hacking. By decentralizing data through the blockchain, Factom avoids critical failures due to user error or hacker”.  Their code for Factom is open source and they state clearly that if it will help any new Startup they would be happy to share their code free of charge.

Factom is doing very well with big new contracts, and a token called Factoids that has tripled recently, or  as Jim Cramer from CNBC’s Mad Money investment show would say “en fuego”. My website shows the price of Factoids FCT in Canadian dollars as   $38.57. They all look like great people and I know what a great city Austin, Texas is as I have been through there a few times. How does it harm  them or in any way compete with them, for me, way up here, across the border in Winnipeg Canada,  to do  local property titles on a cloned blockchain?

Smartpropertyblockchain.ca may find some new technique for electronic appraisals because  automated real estate valuation modeling is one of our main features in development with working regression AVM models in hand. If in the future by  some twist of fate Factom could use our code for appraisals or perhaps our geomatics technology integrating drone surveys and digitized records on the blockchain, they would be welcome to it.

Blockchain forks and a new chain is born. That is the ethos of the new world.  People will attend a seminar and pay a few hundred dollars for the event. They will ask if the slides from the presentation are available on the web. It is understandable that the lecturer might feel that keeping the slides unavailable might be a good idea for job security. Not so, not in this new world. Many older managers will never get the concept and will be eased out of their positions and retired. I have a rule of thumb that I use  for my personal time management, and the older that you are the more important that time management becomes. I must devote a minimum of  four hours per week, or two full days out of every month devoted expressly to learning new things in technology and computer science so I can keep up with the progress around me in. It might be my newest smartphone or keeping my wireless printer mated to my desktop PCs Windows 10 after the latest update. Maybe it is my trucks Magellan GPS navigator, or our home satellite system or WIFI router.  Perhaps I am just taking an hour to take a look at Rust or Python.  Honestly, for me trying  to keep up with the times  is usually a challenging and often frustrating time out of my busy schedule. I can imagine that a lot of people just don’t bother and are tired of always having to relearn programs after they upgrade. A symptom that people should look out for is if they are getting   confused on their  city or government websites  because of their lack of computer skills; they should wake up and realize that they need some training. At a minimum, people should know all about using Windows 10 ,how to search the web using  google,  basic email security rules, and how to buy things or make reservations online, including how to make  payments with credit cards or PayPal online.

The idea that computer coding is for everybody is also quite a stretch in my opinion. Judging by the attrition rate among my classmates at the University of Winnipeg Applied Computer Sciences program.  I have observed that even really bright tech- savvy students find learning Java for example quite difficult.

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[daltonomup511-blog]

10 Things Everyone Hates About bitcoin revolution

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some dlt trading difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

#Renewable energy #Permissioned Blockchain #Green Energy #Energy #Green #Renewable

[jeffreyczrf355-blog]

Why It's Easier to Succeed With bitcoin solar Than You Might Think

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption peer to peer energy trading And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

#Renewable energy #Permissioned Blockchain #Green Energy #Energy #Green #Renewable

[fernandoasht607-blog]

Will peer to peer energy Ever Die?

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great free energy opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

#Renewable energy #Permissioned Blockchain #Green Energy #Energy #Green #Renewable

[jasperjlry563-blog]

The 3 Biggest Disasters in blockchain and energy History

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if ledger definition the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

#Renewable energy #Permissioned Blockchain #Green Energy #Energy #Green #Renewable

[trevorhehz192-blog]

3 Reasons Your freebitcoin Is Broken (And How to Fix It)

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. italy renewable energy It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

#Renewable energy #Permissioned Blockchain #Green Energy #Energy #Green #Renewable

[cesarllim845-blog]

The Worst Advice You Could Ever Get About green blockchain

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing blockchain definition the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

#Renewable energy #Permissioned Blockchain #Green Energy #Energy #Green #Renewable

[sunshineweb]

Safal Niveshak, Uncopyrighted

January 11 2013 was a sad day for the Internet world. That day, Internet pioneer and open information activist Aaron Swartz committed suicide at a young age of 26.

Swartz’s “crime” – he had logged into JSTOR (Journal Storage), a database of scholarly articles, and rapidly downloaded those articles with the intent to make them public.

He didn’t “hack” the network to secure those downloads. MIT is anyways an open network.

He didn’t crack any special password system to get behind JSTOR’s digital walls. All he did was figure out how JSTOR was filing the articles that he wanted and wrote a simple script to quickly gather those articles and then copy them to his computer.

If Swartz had lived to be convicted of the charges against him, he either had to accept the label of a criminal and go to jail for 50 years or fight a million-dollar lawsuit.

Aaron decided to take a third option. He hanged himself!

And with that we have lost an incredible soul, one who had literally spent half of his 26-year-old life doing nothing except working for the public good as far as the Internet and learning are concerned.

It was he who helped develop RSS, revolutionizing how people use the Internet and went on to co-own Reddit, now one of the world’s most popular sites. He was also a key architect of Creative Commons, an organization that helps people share their knowledge and creativity with the world.

It is ironical that the punishment Aaron was supposed to face for downloading academic articles in an effort to make knowledge widely available to the public was harsher than what is accorded in the US to any of these…

Manslaughter (10 years in prison)

Bank robbery (20-25 years)

Selling slaves (20 years)

Aiding terrorists (20 years)

Threatening the President (5 years)

In other words, Aaron’s punishment would have been the same if he had robbed a bank, then slaughtered people, and then helped al-Qaeda develop nuclear bombs!

Just downloading and distributing academic papers brought him to face such a severe punishment!

This is in a world where the big corporations (and their top men) have destroyed trillions of dollars in investors’ wealth repeatedly, and have gone away scot-free (and with billions in bonuses)!

Anyways, Aaron’s death and the protests that followed prompted the insanely powerful US government to fix some important flaws in the law regulating the Internet so that others can be protected from legal abuse.

But that won’t bring this genius to life again. It won’t restore his shattered family or bring peace to his bewildered friends.

My Ode to Aaron Swartz I did not hear much about Aaron Swartz until I heard about his death in 2013. But the stupid reason of Internet privacy that destroyed this precious life pained me enough to uncopyright my blog (not many people read the site that time, so I am repeating what I did back in 2013).

Here’s something I did as my ode to Aaron Swartz, and repeating again today for a much bigger audience.

I “uncopyrighted” my blog, Safal Niveshak.

Come, Use My Free Content for Free Mark Twain said, “Only one thing is impossible for God: To find any sense in any copyright law on the planet.”

To free God from this impossibility, beginning in 2013, I have released all claims on copyright and put all the free content of Safal Niveshak into the public domain.

You don’t need any permission to use the content of this site in an ethical manner. Just a line of credit is appreciated.

Here are some of the things you can do now with the content I’ve created (and will create) if you so desire:

All my hand-drawn illustrations are on this page. Please use them freely, but please don’t remove my signature and add yours.

All my articles ever written are on this page. Please use excerpts from these as required, and please give credit. Just don’t use the entire article as it is, for Google may get confused for who wrote it originally.

The above two links contain almost 90% of the work I do, and it’s all free to read and use. If you find any of these worthy to be shared for a wider cause, please share. That would make me feel my effort was worth it.

There is no need to email me for permission — you may use anything free on Safal Niveshak for any educational purpose. A credit would be enough.

People may use my work without attribution (and some have done so in the past). But usually, I have realized that people are grateful and give credit where it’s due anyway, without me requiring it.

Of course, I would not want you to share my paid content freely (I need something to run my house, you see)

I have seen bloggers take plagiarism very seriously. I have been guilty of doing my bit in the past as well. But then, as I have realized over time, thanks to the time I’ve spent in introspection, all of this content that I write on Safal Niveshak isn’t really mine.

We are living in a world of dreams, and anything here belongs to the dreamer (the ultimate power that runs this Universe), not to the individual projection known as Vishal Khandelwal.

At best I am a translator and a custodian of that dreamer’s work, but I can’t really be an owner, not in the strictest sense.

In Safal Niveshak’s case, the original dreamers also take the form of Warren Buffett, Charlie Munger, and the likes.

So I’m just sharing what I’ve learned from them. How can I claim it as my own?

Also, while Safal Niveshak has started getting a lot of traffic and currently reaches out to over 60,000 tribe members, there are still thousands of small investors who haven’t been exposed to some of the most basic and prudent investing concepts.

So if you can help expose more people to ideas and information that will benefit them, I’ll be immensely thankful to you.

But Please Be Nice with Me While I’d love when you use my ideas and content and do something creative and generous, please exercise good judgment.

Don’t create headaches for me by doing something sketchy or deceptive.

For example, don’t make it look like I’m recommending or endorsing a stock or a financial product when I didn’t explicitly do so.

Please don’t quote me inaccurately. Please don’t get me a ban from the SEBI.

Mahatma Gandhi said, “Be the change you want to see in the world.”

I like helping people. I like when people remove all barriers to sharing.

By uncopyrighting my free content and ideas, I am trying to do just that – remove all barriers to share my knowledge and ideas freely with the world.

This is something I want to experience as part of my own path of growth, and my wish to let go…to liberate myself.

This is what Aaron Swartz had worked for a large part of his small life. And I could not think of a better way to give my respect to this boy who braved to be a man in a world of cowards.

So come, use any of the free content on Safal Niveshak for the betterment of the world. Just send me some credit. I will appreciate it.

I can’t think of a better tribute to Aaron and many others who are trying to remove all barriers to sharing knowledge and thus making our world brighter and better.

Ultimately, this is what I’ve also learned from Bhagavad Gita –

Whatever has happened, has happened for good. Whatever is happening, is happening for good. Whatever will happen, will happen for good. What did you lose that you are crying? What did you bring with yourself that you have lost? What did you give birth to that got destroyed? Whatever you took, you took from here. Whatever you gave, you gave here. What belongs to you today, Belonged to someone else yesterday, Will belong to someone else tomorrow. Change is an established rule of this world.

What do you say?

What are you uncopyrighting?

The post Safal Niveshak, Uncopyrighted appeared first on Safal Niveshak.

Safal Niveshak, Uncopyrighted published first on https://mbploans.tumblr.com/

[savetopnow]

2018-03-15 09 BIT COIN now

BIT COIN

@AmberBaldet

Hey Amber, I've added your handle to the verified list for EtherSecurityLookup so you'll have the verified icon next to your name and users with similar handles will have a red box around them https://harrydenley.com/ethsecuritylookup-chrome-extension-release/ …pic.twitter.com/jbq4jqTvjh

It's been 5 months since twitter suspended their verification program because verifying Nazis was a bad look but also there are good people on both sides! and gee whiz the death threats & crypto scams are just the cost of freedom amirite?! https://www.nbcnews.com/news/us-news/twitter-suspends-verifying-accounts-after-white-nationalist-gets-badge-n819491 …https://twitter.com/shlomoklahr/status/973939768802373634 …

Apparently they blocked me (I blocked me?), account is @AmberBaidet in case tweets disappear

This account is impersonating me; I reported it yesterday, but maybe additional reports (aka yours) will speed up the ban? Preemptively, I’m not giving away any ETH. If you send me your wallet address all I’m sending you is enterprise blockchain https://twitter.com/amberbaidet/status/973910725428117504 …

So this http://AMDflaws.com  business... CTS Labs asked us to review their research last week, and sent us a full technical report with PoC exploit code for each set of bugs.

@AriDavidPaul

It’s pi day! With 42 digits of pi, you can calculate the cirumference of the universe to within a single atom of precision. Math is weird.

A way to measure your success in life: how many people would donate a kidney to you if needed, and how many people would you give a kidney to? I obsessed with this idea a decade ago, credit to @patrick_oshag for reminding me of it recently.

Haven't listened to this yet, but I'm still gonna recommend it. @patrick_oshag and @albertwenger are two of the most thoughtful and insightful people I've had the pleasure of meeting. https://twitter.com/albertwenger/status/973589655873613824 …

Guys, it's a JOKE!

They laughed at you when you bought dentacoin at a $2 billion valuation, but you'll be the one laughing in 2025 when dentists refuse to accept any other currency and your friends have to beg you for a few coins to get their cavity filled.

@ErikVoorhees

Did you ? ShapeShift now supports Qtum! Buy, sell & exchange @QtumOfficial with dozens of digital assets. No account needed! http://shapeshift.io/#/coins pic.twitter.com/wYD7Tgyv0t

YEEEHAW! Yes, I do believe the #Wyoming #utilitytoken law sets a valuable standard for a federal definition of utility token & is workable under federal securities law! @TylerLindholm https://goo.gl/5tyD7w

OpenBazaar Raises $5 Million from Bitmain, OMERS Ventures http://bit.ly/2DoH85t  via @CoinDesk

Square’s stock is skyrocketing as it embraces bitcoin and breaks into banking https://qz.com/1224514  via @qz

Wyoming doing the opposite of New York State. Well done. https://twitter.com/caitlinlong_/status/972548047279357952 …

@Excellion

Add it to the list... https://twitter.com/bryanaulds/status/974049143948828672 …

I hear that Liquid sales are exploding!pic.twitter.com/XydnlzgPXs

That being said, we can actually build Lightning on top of Liquid to enable real-time swaps from one chain to another without lengthy peg-in or peg-out procedures :-)

The Liquid Release Candidate Network is ready! Liquid offers traders the opportunity to rapidly, securely, and confidentially move bitcoins between member exchanges, with a transaction finality of less than 2 minutes: https://blockstream.com/2018/03/13/liquid-release-candidate-network-is-ready-to-go.html …

The #LightningNetwork is Satoshi's original vision. #Bitcoin https://twitter.com/ArminVanBitcoin/status/973778847287136258 …

@KevinRose

Happy Wednesday, much love to you all.

My first job was also $4.25/hr making bread sticks at Olive Garden. Then I got a job as a cashier at Computer City https://twitter.com/btaylor/status/970010441702260736 …

Just wrote this up: "Disconnect and take a break from your iPhone by using this little-known feature." - https://medium.com/@kevinrose/disconnect-and-take-a-break-from-your-iphone-by-using-this-little-known-feature-c8e6f41660da …

Light Phone II! Awesome. https://twitter.com/thelightphone/status/969232209948413953 …

This is a big deal. So proud of @ryancarson -- if you're looking to hire diverse tech talent you need to speak w/ Ryan and check out his TalentPath product. https://twitter.com/ryancarson/status/968526919229673473 …

@Melt_Dem

i nominate @NeerajKA on behalf of the entire crypto twitter community. @barstoolsports needs a real hero, someone to remind us that the human capacity for stupidity is infinite. https://twitter.com/ekanardini/status/973978572267409408 …

CoinfloorEx to launch world's first physically delivered bitcoin futures. So proud of everyone at @Coinfloor for this exciting launch. Exciting times at #FIABoca https://www.reuters.com/article/us-crypto-currencies-coinfloor/uk-based-coinfloor-to-launch-physically-settled-bitcoin-futures-idUSKCN1GQ2D9 …

thanks to all of our industry leaders, especially @coincenter, who have spent countless hours educating and advocating for open, permissionless networks like #bitcoin. all eyes on you! https://twitter.com/coindesk/status/973904205852434432 …

excited to be heading to singapore in a few weeks for De/Centralize 2018 - come hang out with me, @zooko @zcashco @oceanprotocol @cosmos @epicenterbtc @Bancor @BluzelleHQ @ConsenSys and more! https://www.decentralize.sg/

I think the SEC should do an ICO to solve their funding shortfall for policing ICOs, it would also help them understand the problem. Everything good in the world is recursive.

@Naval

Bitcoin's smaller argument surface increases its social scalability: "The more functions a currency has, the more things there are to argue over ... Bitcoin’s uncompromising focus allows it to serve a broader user base." Wisdom from @eiaine https://www.bloomberg.com/view/articles/2018-03-14/bitcoin-blockchain-demonstrates-the-value-of-anarchy …

“Bad money drives out good money” is a consequence of state coercion to accept both kinds. In a free market, money behaves like any other asset and “good money” commands a premium. https://twitter.com/sal__ohcin/status/973394227957784576 …

“Sovereign grade” vs “platform grade” censorship resistance. A useful distinction, by @lsukernik https://medium.com/@LarrySukernik/sovereign-grade-and-platform-grade-censorship-resistance-c1fb7b6b492a …

Both great; in addition - this underrated gem of a podcast with @SpartanUpPod is brilliant. 15 odd mins of hard hitting @Naval life advice. https://www.youtube.com/watch?v=X7tnoR6a-8A …

"It is easy to fit completely different explanations to the observed facts. Don't trust any interpretation of reality that isn't able to predict" [email protected] “Truth is that which has predictive power.” [email protected]

@NeerajKA

If you enjoyed @valkenburgh’s comments in Washington today, here’s a link to our interview about his work and @coincenter. Helpful primer on the policy side of crypto. https://twitter.com/cointalkshow/status/970842884084846593?s=21 …

I donated $100 to @coincenter and you can too (you get a pocket bitcoin white paper and t-shirt btw). I appreciate the work they are doing. https://coincenter.org/donate

@NeerajKA Can we get this meme alive again? https://medium.com/@cincinnati/confirmed-coin-centers-neeraj-agrawal-is-satoshi-nakamoto-1c8c334ce61f …

Reddit: The original cryptocurrency cesspool https://motherboard.vice.com/en_us/article/zmwjq8/reddit-quietly-banning-cryptocurrency-ico-ads-since-early-2016?=dhdhd …

This is true https://twitter.com/antoniehodge/status/974022487166955520 …

@NickSzabo4

Bitcoin's smaller argument surface increases its social scalability: "The more functions a currency has, the more things there are to argue over ... Bitcoin’s uncompromising focus allows it to serve a broader user base." Wisdom from @eiaine https://www.bloomberg.com/view/articles/2018-03-14/bitcoin-blockchain-demonstrates-the-value-of-anarchy …

Trusted third parties are lawyer magnets. https://twitter.com/_Kevin_Pham/status/973656240118153216 …

People make fun of everything new, fairly and unfairly, and regardless of whether it eventually works or not. We mocked indoor plumbing, aircraft, electricity, mobile phones, the internet, and, yes, vaccines - AND made fun of everything that never worked. There's no signal here

A Flash of Insights on Lightning Network. tl;dr: LN can work; it is fast and cheap; hubs are not strictly necessary and even if used, are nothing like banks; the future is bright. https://medium.com/@menirosenfeld/a-flash-of-insights-on-lightning-network-338aea52e2bc …

There has now been over $5.8 trillion in USD notional value that has been transferred using the blockchain. It's safe to say that #bitcoin is a powerhouse in the global value transfer space. Data from bitstamp, http://bitcoincharts.com , and BC.Ipic.twitter.com/cPdPiB6AYD

@SatoshiLite

I finally got a chance to watch this video. I highly recommend it. It gave a surprisingly accurate summary of the state of cryptocurrency today. #craefulgang Anyone else catch the Litecoin logo in the rap video? https://twitter.com/morcosa/status/973302818697170944 …

Chatting #Litecoin & #Crypto with @SatoshiLite https://youtu.be/J0yItswQzTU

Chikun Nugget meetup happening now in Sydney! Thanks @nugget_alex for organizing. https://twitter.com/SatoshiLite/status/972655343003144192 …

Got my Litecoin latte from @BrisbaneAirport before hoping on a plane to Sydney to meet @SatoshiLite and @nugget_alex #PayWithLitecoin #cryptocurrency #traveltips @awpl_ #Airport #technology #litecoinpic.twitter.com/SoS9RHn2p6

Here are the details for the meetup: https://www.eventbrite.com.au/e/nuggets-news-youtube-hosts-charlie-lee-tickets-44069519118/amp … See you guys at the Kirribilli Club at 1pm tomorrow! https://twitter.com/SatoshiLite/status/972421900814098432 …

@TuurDemeester

quality > quantity https://twitter.com/cryptoinfl/status/973833774185185280 …

This is actually a decent list, I recognized every name in the top 50. https://twitter.com/cryptoinfl/status/973833758234247168 …

ICO expected defense attempt: "Oh but these were not investors, they were donors - and we never guaranteed our tech would work... ". https://twitter.com/katie_haun/status/973980228061048832 …

Ripple CEO suggests Bitcoin is the Napster of digital currencies - I always thought it was the BitTorrent equivalent. https://www.youtube.com/watch?v=8s11kNLXXAU …

Trusted third parties are lawyer magnets. https://twitter.com/_Kevin_Pham/status/973656240118153216 …

@VitalikButerin

This *does not* explain the "education benefits individuals much more than countries" evidence, but even still it does explain some of the other evidence, suggesting that dominant sheepskin effect by itself does not imply low HC gain - only low *observable* HC gain.

Right now the time diff between US east coast and central Europe is down to 5 h for 2 weeks, as time changes on 3/11 in US/Can and on 3/25 in Europe. Then it's back to 6 h. #AbolishDSTNow (To clarify, making DST permanent ok too; just stop changing the damn clocks twice a year)

Excellent work, etherchain! https://www.etherchain.org/correlations  (Anyone replying to this claiming to be giving away ETH is a scammer, as usual)

This is my point of discussion with @bryan_caplan Hobbysists -> Technology -> Science not reverse arrow. https://twitter.com/SpencerBaum1/status/971795952280350721 …

Thank you #Ethereum Foundation for your generous grant! https://blog.ethereum.org/2018/03/07/announcing-beneficiaries-ethereum-foundation-grants/ … And if you're a technical wizard who wants to help make distributed applications fast, cheap, and usable for everyone, check out the open positions at https://jobs.lever.co/l4v  to apply!

@WhalePanda

Maybe we should have a hearing when a terrorist event is financed by the $USD? @BradSherman https://twitter.com/WhalePanda/status/973948353582190593 …

"Maybe we'll have another hearing after a terrorist event financed by $Crypto" - @BradSherman Oh god.

Quite funny, @RepBillFoster will love Ripple... or well bank accounts.

Watch out @giancarloCFTC... @tomemmer is coming for your title as $Crypto favorite.

"Got anyone have some of those white supremacy group bitcoins?" - @RepMaloney

@aantonop

As someone who watched the towers burning, while the staff at St. Vincent prepared to handle the wounded (who never came) and then spent a month cowering afterwards, let me just say: fuck that shit. Fuck that shit.

Gina Haspel oversaw interrogation tactics so brutal that CIA personnel at one black site openly wept and requested transfers after torture sessions. Details here: https://www.theatlantic.com/international/archive/2018/03/gina-haspel-black-site-torture-cia/555539/?utm_source=poltw …

Bitcoin Q&A: Airdrop coins and privacy https://youtu.be/JHRnqJJ0rhc

Bitcoin Q&A: Airdrop coins and privacy https://youtu.be/JHRnqJJ0rhc

The torture of detainees in U.S. custody during the last decade was one of the darkest chapters in American history. The Senate must do its job in scrutinizing the record & involvement of Gina Haspel in this disgraceful program. https://www.mccain.senate.gov/public/index.cfm/press-releases?ID=F5AE735B-2F08-4CBA-B954-F04BA0006626 …

@brian_armstrong

Actually, this is already out of date! Bancor (DEX) and EtherBay (721 marketplace) are now featured as well, and we have 2 more coming this week!

4 new dapps featured this week on @toshi: Axie Infinity, StakeTree, CryptoCribs, and YouCollect pic.twitter.com/wTey3SDVRn

Great progress https://twitter.com/coinbase/status/973325594053066752 …

Send us a note: https://www.coinbase.com/careers

What it's like working at Coinbase https://www.youtube.com/watch?v=997ZZpUL8_k …

@gavinandresen

1/ NEO thread. I never paid any attention to this project because "it's a Chinese Ethereum!" just sounded so stupid for reasons I didn't even know where to begin to explain. If you, like me, ignored NEO for this reason, here's a quick recap of how hilariously bad this project is:

Another flaw in the human character is that everybody wants to build and nobody wants to do maintenance.

It is a bad idea to make security-critical software more complex so it is optimized for non-existent hardware. Actually, it is usually a bad idea to make security-critical software more complex, period.

IOTA is broken not because there are numerous attacks (which there are). But because there is no security claim. The IOTA DAG/tangle whitepaper does not even have a definition of security, the most basic prerequisite in modern cryptography. 1/

I like to think the markets will eventually abandon tech-train-wreck coins (like iota). I also like to think ice cream is good for me.

@lopp

TIL: There's a 77 page long paper¹ on an improved coin selection algorithm for a #Bitcoin transaction, and its implementation just got merged² to the Core client. ¹ - http://murch.one/wp-content/uploads/2016/11/erhardt2016coinselection.pdf … ² -http://github.com/bitcoin/bitcoin/pull/10637 …

This has been a long time coming - @murchandamus did his Master's thesis on coin selection strategies several years ago and has been refining his algorithm since then. Kudos to him and Andrew Chow! https://twitter.com/BitcoinMerges/status/973968019482382336 …

Be your own bank.pic.twitter.com/Wg4o75I05x

"There must be regulatory distinction between tokens that exist on a blockchain and tokens that are merely a promise of future functionality on a blockchain that does not currently exist." - @valkenburgh

"Look up at the stars and not down at your feet" - Professor Stephen Hawking 1942-2018 http://www.cam.ac.uk/stephenhawking pic.twitter.com/RVeQx2BTxP

@prestonjbyrne

Officially forming a 501(c)(6) called “Blockchain-Informed Legal Legends Against Badly-drafted Laws,” or “BILLABL” https://twitter.com/stmdc/status/974022379327418369 …

This #MSDHS student just materially contributed to the rapid passage of the #StopSchoolViolenceAct in the House and has been a total class act throughout. Easily the best Twitter account I’ve followed in 2018. https://twitter.com/kylekashuv/status/974038325777588224 …

We have tons and tons and tons of perfectly fine laws on the books and centuries of caselaw. This is brand new and still experimental software. New laws defining blockchain -- makes no sense to me.

It passed! Great work, Kyle!! https://twitter.com/kylekashuv/status/973922370082820096 …

Digital Asset Lawyer Twitter is my favorite Twitter.

@rogerkver

Buying a cup of coffee is not a micropayment.pic.twitter.com/O0z1njoMzp

Satoshi said to never let the blocks become full. Bitcoin Core supporters say to always make the blocks full. #bitcoincashpic.twitter.com/jlmavEFvdc

The free market can supply money better than governments for the same reasons that we all know that it supplies automobiles, food, and everything else better than governments.pic.twitter.com/c3NfgL2mpy

High fees, unreliable transactions, and easy double spending are huge barriers to adoption. Yet these are the exact policies that Bitcoin Core supporters are advocating in favor of. That is why I now favor Bitcoin Cash.pic.twitter.com/qO1TXYHjsC

If Bitcoin had been allowed to scale in a timely fashion, there would be no Bitcoin Cash, there would be no Ethereum, and most of the other alt coins would never have gained any traction at all. Bitcoin would have experienced no real loss of dominance in the market.pic.twitter.com/1vLEG7zSal

@starkness

"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." - Stephen Hawking. RIP.

Pineapple Fund has donated $56M to date, including 18 groups working on digital privacy, 15 focusing on medical research, 7 conservation groups and 2 organizations improving lives of the poor. #bitcoin https://www.philanthropy.com/article/Anonymous-Bitcoin-Donor-Rains/242606 …

[email protected] 's tweet about the size of the #lightningnetwork on testnet onstage like a boss! @starkness @larrysalibra @blockstack #BlockstackBerlin https://twitter.com/arminvanbitcoin/status/967256834666004480?s=21 …pic.twitter.com/cK1XTVE1iZ

Lightning network resembles early days of the internet. #BlockstackBerlin - @starknesspic.twitter.com/tVnhEQI9Yf

People are usually interested by lightning's small fees or high transaction volume per second. But really it's also a really cool tool to build application on top of Bitcoin and other crypto currency it will support LAAPs. #BlockstackBerlinpic.twitter.com/EKolatLHOm

@twobitidiot

Great find. Thank you #clubDEX @_jillruthpic.twitter.com/oL1V9X3tNS

SEC: Theranos told prospective investor it had $108 million in 2014 revenue. Real number was closer to $100,000.

It's also a good reminder of how these actions can take some time to be done and publicly released.

This should scare the shit out of every single token issuer right about now. There is no such thing as easy money. https://twitter.com/cnbcnow/status/973957866288812032 …

Applied to your newsfeed, a TCR could defeat: Algorithms designed to maximize ad revenue Clickbait Propoganda bots Biased editors https://twitter.com/max_bronstein/status/973957101423767552 …

Bitcoin Magazine

Washington Post Adds Support for Brave Browser, Basic Attention Token

Op Ed: FinCEN Policy Positions Offer Murky Guidance for ICOs

New York Legislator Proposes BitLicense Alternative for Cryptocurrency Users

Bitmain Explores More Sites for Bitcoin Mining Expansion

Cryptocurrency Mining at Home Heats Up With Eco-Friendly Miner

Bitcoin Price

Sideways trading continues. Bitcoin struggles to find support above $10,000 – March 12

Market starts the recovery but bullish momentum is not looking strong – March 9

Bitcoin continues the decline – prices dip below $9,000 – March 8

Coinbase faces consumer class-action lawsuit – March 5

SEC Subpoenas 80 cryptocurrency firms – Mar 4

Bitcoin Reddit

Fake Satoshi's lawyers tried to get A. Antonopoulos to verify their client is "real" and wanted Andreas to sign a NDA.

Square's Merchants Are Willing to Accept Bitcoin, Survey Says

Sir Richard Branson and Cryptocurrency - Blockchain Is an ‘Economic Revolution’

Circle Rolls Out Cryptocurrency Investing App to 46 US States

Scammed by Bitmain? Here is some info about How to Sue Chinese Companies and try to get your Bitcoins back

Bitcoin.com

Coinbase Granted E-Money License by UK’s Financial Conduct Authority

PR: Blockchain Nation Miami – Conference That Matters

Nvidia Mining GPU to Be Launched Sooner Than Expected, Reports

Big Sister Watching: IMF’s Lagarde Warns of Crypto’s Dark Side

Bitcoin Futures Predictions Volumes Grow

Brave New Coin

Bank of International settlements warns against central bank cryptos

Crypto exchanges in SEC cross-hairs

Bitcoin Price Analysis - All eyes on US$11,500

What's the difference between DApps and blockchain platforms?

What’s next for blockchain?

CCN

Brookings: Venezuela’s Petro Undermines Legitimate Cryptocurrencies

Bitcoin Drops to $8,030 as Cryptocurrency Market Continues to Slump

SEC Probes Cryptoasset Hedge Funds as Regulators Ramp up ICO Scrutiny

US Congress Debates ICOs, Cryptocurrency Regulation in House Subcommittee Hearing

Block.one Responds to John Oliver after HBO Host Ribs EOS in Crypto Segment

Coin Journal

Crypto Startup Giza Pulls Exit Scam After Raising More Than US$2M In ICO

Winklevoss Twins Propose Self-Regulatory Organisation to Monitor Crypto Market

FundFantasy Aims To Be The DraftKings of Finance, Without The Downside

NEM Rises 19 Percent as Coincheck Reimburses Customers and Resumes Limited Trading

Monaco Unveils New Crypto Investment And Credit Products; Begins Closed Beta Testing Of Mobile App

Coin Telegraph

Electronic Frontier Foundation Adds BCH Payment Option, Lists Under ‘Bitcoin’

Effects of Mt. Gox Trustee's $400 Mln Sale on Bitcoin Market

Decentralized Video Surveillance Company Promises to Detect Threats Ahead of Crimes

Major South Korean Exchange Bithumb Partners With BitPay To Corner ‘$200 Bln’ Market

Philippines: Senator Proposes Stricter Penalties For Crimes Involving Crypto

CoinSpectator Blog

Top ICO’s & Cryptocurrencies to invest in 2018

Zero Edge Raised Significant Funds in Pre-Sale

Zero Edge Educates China Republic Macau on Blockchain Gambling

How blockchain can solve invoices issues for SMEs

Renewable Mining Australia Helps KPR Medical Solutions in Eco-Friendly Cryptocurrency Mining

Coindesk

Australia Warns of Fake 'Tax Collectors' Demanding Bitcoin

UK Crypto Exchange to Launch Bitcoin Futures Contracts

Crypto Is a 'Crock'? Twitter Reacts to House ICO Hearing

Brazilian Officials Caught Using Bitcoin in $22 Million Scam

Bitcoin Price Sheds $800 In Drop to 1-Month Low

Crypto Currency Reddit

Circle launches a Coinbase competitor in the U.S.

Take a moment to remember Crypto Genius as we’ll never be able to see his ads again. Will we ever find out who the next Bitcoin is?

Guide To Ark And How You Can Make Passive Income From It

The year 2017 in crypto visualized

Daily Crypto Guest: David Sønstebø, Co-Founder of IOTA

NewsBTC

Last Chance to Receive ZeroEdge Blockchain-Based Gambling ICO Bonus

Indonesia’s Largest Crypto Exchange INDODAX to Overtake Country’s Stock Exchange

U.S. Govt. Crypto Subcommittee Hearing: “Poor or Rushed Policy in Cryptocurrencies Threatens Our Reputation in Finance and Technology”

AirPod: Privacy in Public Spaces Using Capsule-Like Innovative Units

Coinbase Obtains a UK eMoney License and Partners with Barclays

Reddit Cryptocurrency

Circle launches a Coinbase competitor in the U.S.

Take a moment to remember Crypto Genius as we’ll never be able to see his ads again. Will we ever find out who the next Bitcoin is?

Guide To Ark And How You Can Make Passive Income From It

The year 2017 in crypto visualized

Daily Crypto Guest: David Sønstebø, Co-Founder of IOTA

#bit coin

[shirlleycoyle]

The USPS Isn’t Made of Superheroes, But It Is a Miracle

This article was sent on Tuesday to subscribers of The Mail, Motherboard’s pop-up newsletter about the USPS, election security, and democracy. Subscribe to get the next edition before it is published here, as well as original articles and the paid zine.

Before we get started with the first edition of The Mail, a quick housekeeping note: send me a postcard! We will feature our favorites in future editions. You can send it to:

VICE Media c/o Aaron Gordon 49 S 2nd St. Brooklyn, NY 11211

In case you, like the postmaster general, don’t know how much it costs to mail a postcard, it’s 35 cents. I’d love to hear from you!

When Sarah* was six or seven years old, all her friends dressed up as superheroes for Halloween. Batman, Superman, Aquaman. She dressed up as the mailman.

“This is what I wanted to do my whole life,” Sarah—which is not her real name because postal workers can be reprimanded or even fired for speaking to the press—told me about a month ago. She's now a clerk at a small town's post office. She was drawn to the post office because of the role postal workers play in their communities, the postal service’s history in shaping this country, and the pride she has in serving fellow citizens. She wanted to be part of something that matters. To other kids her age, that meant saving Gotham from the Joker or reversing the rotation of the Earth to turn back time to save Lois Lane. But not to Sarah: “The mailman was my superhero,” she said.

Is it really so odd to think of the mailman as a superhero? The same person comes to our home six days a week with pieces of paper or boxes filled with goods from all over the world. I like to imagine little Sarah asked the mailman one day how he got all these things, and he gave a cute reply, something like I went to all these places and got them myself, just for you! That sounds like a superhero to me.

Of course, the real answer is a mail carrier is just a small part of a 633,000-strong group of people, all working together to get the mail from one place to another because it is something our society has decided it wants to do. Delivering the mail is something we have wanted to do since before we even had a country. And it is something we have consistently done, without prolonged disagreement or interruption, for 245 years.

But mailmen and mailwomen are not superheroes. Not because what the USPS does every day—as just one example, bringing life-saving medicine to people who otherwise couldn't get it—fails to qualify as a superpower, but because superheroes aren’t real. The post office is even better, because it is real.

This is no small point. The post office is an anomaly to the United States of America I know, one that asks not what big business can do for you but what you can do for big business. I have lived my entire life in a country that, almost without exception, believes as a matter of faith that the private sector will address our needs, that government involvement in our life is to be avoided. Yet, here is this government service, created by the very "Founding Fathers" our country worships, that delivers to every single American six days a week, a service many of our fellow countrymen, including our retired soldiers, literally cannot live without. 

Over the last few months, I've spoken to dozens of postal workers around the country, corresponded with dozens more, and received emails from hundreds yet more. I've read five books on the post office—there are, to my surprise, relatively few books about the post office, and only a handful that cover the last 50 years in any detail—and reviewed countless government reports about the post office. I've received thousands of pages from public records requests. 

Which is to say, I've been obsessed with the post office, even before Louis DeJoy took over and instituted changes that have made the USPS a consistent news headline. I've been obsessed with it because I want to know what it says about our country that the post office was created, survived through a revolutionary war and a civil war, but is now facing its greatest crisis yet: a financial crisis created by the very people who take an oath to support and defend it. I have come to view the post office as living, breathing evidence that the worldview which has dominated our society for the last several decades is fundamentally flawed, because even as it has been hobbled and weakened, the post office still works. If the post office, long decried by conservatives as the poster child of government inefficiency and therefore undeserving of our tax dollars, is consistently rated the most popular part of the government even without those tax dollars, then maybe inefficiency isn't the pernicious disease they say it is. Perhaps there's something more important than efficiency.

Over the next few months, this newsletter will be a story of the post office, told through what has happened before and what is happening today. With apologies to Sarah and all other postal workers, it is not a story about superheroes—or, for that matter, supervillains. It is a story about people who have done remarkable things and people who have profoundly erred, and the hundreds of thousands of people who show up in what can often be a very difficult, even hellish, place to work. 

But the story of the USPS is mostly one of contradiction and confusion. It must cover its own costs without government subsidy, but must also serve nearly all Americans six days a week, something private carriers like UPS and FedEx would never do because it cannot possibly be profitable. It must put aside tens of billions of dollars in future retiree benefits, but has almost no control over what it charges for stamps and packages. It cannot rent out unused retail space or open new lines of business, even something as simple as installing a copy and fax machine in the lobby (although, if a post office already had one prior to 2006, it can keep it). It is, in other words, a "business" that is legislatively barred from doing what businesses do.

This isn't to say the postal service hasn't innovated. To pick just a few examples, it was one of the first entities to utilize optical character recognition computer programs, wisely deployed to read addresses on mailpieces. Sorting mail has evolved from a manual, laborious task to a largely mechanized one. It has cut its workforce by more than 100,000 people over the last few decades while still delivering the mail six days a week.

But the USPS has not been rewarded for these advances. In fact, it has effectively been punished for them, since its productivity has made it a constant target for budgetary chicanery to make the federal deficit appear smaller than it is. The modern USPS has been defined by an extended, bipartisan effort to cut costs, especially what it pays its workers, even as every government and consultant review acknowledges delivering 48 percent of the world's mail to some 330 million people is an inherently labor-intensive task, made more intensive every year as there are more people and businesses to deliver mail to. From 2009 to 2018, the USPS had to make deliveries to 8.5 million more homes and businesses with 77,000 fewer employees. And now, in 2020, we are being told yet again the USPS must be more efficient and cut costs. It's no wonder the post office has become an increasingly difficult place to work.

This conflict between "efficiency" and the quality of life for its workers is at the heart of the postal service's troubles, and it is not a new conflict for the post office (or, for that matter, the industrialized world). In 1919, Postmaster General Albert Burleson, a fervent anti-unionist who re-segregated the post office based on race, called unions "a menace to public welfare and should no longer be tolerated or condoned" shortly after declaring it was his goal to get the post office to make money every year (it is worth noting postal unions didn't even have collective bargaining power at the time). In response, National Association of Letter Carriers president Edward Gainor retorted in a union newspaper in early 1920, "Shall a postal surplus be achieved at the expense of inadequate service or underpaid postal employees?" (This reply was documented in historian Philip Rubio's indispensable book Undelivered: From the Great Postal Strike of 1970 to the Manufactured Crisis of the U.S. Postal Service.) Gainor's question is the question that has haunted the USPS for a century.

In recent weeks, millions of Americans have woken up to the USPS’s plight. Americans are aware the post office will serve as a critical link in the chain of democracy, bringing empty ballots to voters and completed ballots back, and they are worried about whether the post office will be able to do that without major incident. But what makes the post office a major source of concern is fundamentally the same thing that concerns us about the state of the country as a whole: that our critical institutions have been starved of resources, that our government is no longer robust enough to deal with new challenges, that it is being run by people uninterested in serving the agency’s stated mission. With respect to the post office, it is an overdue awakening. “Save the post office” has become a widespread sentiment. Indeed, the post office needs saving; it has needed saving for a long time.

We don't need a superhero to save the post office. We need something equally rare. We, as a country, need to agree on something important: that the post office is not a business but a service every American directly benefits from, and therefore every American should pay into. In fact, it is difficult to imagine anything more deserving of tax dollars than a peaceful, civil service that binds every American together, promotes commerce, and serves as a link of last resort to vulnerable populations. Instead of feeding the good thing, we, as a country, have decided to starve it. Reversing this policy would require not just reversing a bad law, but admitting we were wrong about some very big ideas. That is what makes it so difficult, and also so important.

But if there's anything that can possibly accomplish this, it is the post office. I don't believe in superheroes, but if the post office can manage to do that, I just might start believing in one.

The Week In Mail

A postal union member told a San Antonio newspaper they were instructed to hide backlogged mail for a Congressman’s visit to the post office.

DeJoy announced a “suspension” of some of his most controversial policies but it didn’t actually change anything. The USPS will also not reconnect any of the sorting machines it has already unplugged.

There is a massive disconnect between the rhetoric from USPS management, which generally characterizes mail delays as minimal and an unfortunate side effect of new policies, and what postal workers are experiencing on the ground. No wonder the USPS is warning workers not to speak to the press.

While many of DeJoy’s policies are concerning, there’s good reason to believe voting by mail will still work. But mailing your ballot back early can’t hurt.

There’s a growing concern about the process that got DeJoy the job in the first place, including possible undue influence by Secretary of Treasury Steven Mnuchin. Former Vice Chairman of the USPS Board of Governors David Williams told the House Progressive Caucus he resigned because “it became clear to me that the administration was politicizing the Postal Service with the Treasury Secretary as the lead figure for the White House in that effort.”

As disruptive as DeJoy’s changes have been thus far, what he has planned for after the election is way bigger.

Cher, please.

This Machine Arrests Fascists.

Postcards

We’ll post the postcards here! Send me one so this section isn’t empty next week.

VICE Media c/o Aaron Gordon 49 S 2nd St. Brooklyn, NY 11211

The USPS Isn’t Made of Superheroes, But It Is a Miracle syndicated from https://triviaqaweb.wordpress.com/feed/

[kuwaiti-kid]

Ultimate Guide to Start Selling on eBay

Have you ever been curious about selling on eBay but didn’t know where to start? This guide will take you through everything you need to know to start a successful eBay business and make money fast.

That's right, without relying solely on your car! 🙂

I’ve been selling on eBay for several years and have made all the mistakes in the book. Thankfully, with these tips, you’ll be able to avoid the common errors and ensure that you’re achieving the maximum profit from day one.

Essential Items to Get Started Selling on eBay

If you're only selling one or two items on email, you may not need a lot of equipment. If your goal is to become a serious eBayer, here's what you'll need:

A camera

A computer

A printer and labels

Tape

Boxes

Mailers

Packing material

Scissors

Cleaning equipment

Measuring tape

Scale, and

Storage equipment

Camera

You won't need anything expensive. In fact, a smartphone that was made within the past couple of years should be fine. You can use a high-quality camera, but using a different camera from your phone will add additional steps to the process. You just want the pictures to show the item as it looks in real life.

When you take pictures with a camera that isn’t your phone, you’ll have to upload them to your computer and add them to the listing from there. When you take the pictures on your smartphone, you’ll be able to upload them directly from it, and that will save time. I use the free Google Photos app to back up my photos in case something were to happen to them.

Computer

You don’t need a computer to list your items, but eBay is an old website, and some of the features are only available through the desktop browser version. For instance, to make any changes to your account, you’ll need to access eBay on a computer.

It’s also easier to make bulk edits to your listings by going through the eBay seller hub in the browser version. Sometimes, you’ll need to send the customer an invoice, and that can only be done on the eBay website. Any computer with an internet connection will do.

Printer and Labels

If you’ve already got a printer, you don’t necessarily need to buy another. I recently purchased a laser printer at a yard sale because laser printers give you a lot more prints per cartridge vs. inkjet. Switching from an inkjet to a laser printer will save you money over time. If you are going to stick with an inkjet, buy your cartridges refurbished on eBay, and you’ll save a lot of money.

You don’t have to buy shipping labels when you’re just starting out, but they will save you time when you start selling a lot. I started just using printer paper, and it was taking me extra time to take scissors and cut the label out and tape them to the packages. I bought 1,000 sticker labels for less than $30 on eBay, and now I can just print off the labels and stick them right to the package without using any tape.

Another tip is to set it not to print the shipping receipt when you print the label. This uses up more paper/extra labels and is redundant because the receipt is emailed to you.

There might be times when you need to print an extra label because you lost the first label, or it was damaged somehow. You can get another label by going to your eBay seller hub and clicking shipping labels in the drop-down menu, then finding the label, voiding it, and printing another. Doing this prevents you from being charged for two labels.

Tape

You’ll be using a lot of packing tape, so buying in bulk is the cheapest option. You don’t necessarily want to purchase the most inexpensive tape you find. Having nice and sturdy tape will ensure the package is more secure, and you won’t have to worry about the tape coming unstuck. It’s also a good idea to invest in a high-quality tape gun. I found one used on eBay for half the price it would cost to buy one new.

Boxes

The types of boxes you use will depend on the type of shipping service you select. I choose to use shipping services that allow me to use my boxes – USPS Priority Mail and USPS First Class Package. I go around to retail stores and see if they have any they can give me. A lot of times, you can go behind the stores, and there will be a bunch of boxes next to the dumpster. You shouldn’t ever have to pay for a box if you use your own packaging.

Another option for boxes is to use the free, flat rate boxes provided by USPS. These boxes require you to use the shipping services specific to the box, and if you have large items, there might not be a box big enough. The only time that these free boxes are a better option than using your own packaging is if you’ve got a smaller item that weighs a lot. Since it’s a flat rate, you won’t be charged any more for a 10-pound item than you would be for a 2-pound item.

Poly Mailers and Bubble Mailers

These are the only types of packages I purchase. There’s a multitude of different sizes you can choose from, but typical sizes are 6”×9”, 9”×12”, 14”×17” and 19”×24”. You don’t have to buy all the sizes when you’re starting. Just purchase the sizes that work best with the types of items you sell.

The difference in bubble mailers and poly mailers is that bubble mailers provide a little bit of padding. If you’re selling something hard that you aren’t worried about breaking, bubble mailers should work perfectly. I use poly mailers for all of my clothing sales, as well as anything that is made out of cloth.

Packing Materials

If you’re selling fragile items, bubble wrap, packing peanuts, and paper will be your best friends. I save any packing material I get from purchases I make and let friends and family know I’ll take anything they got. It’s worth purchasing this stuff if you can’t get it for free. Items breaking during shipping is the worst.

Scissors and Razor Knife

You’ll find yourself needing to cut things all the time, and a good pair of scissors is essential. Razor knives come in handy when you need to resize a box. Sometimes, you’ll need to ship something, but all of your boxes will be way too big. You don’t want to waste packing material just to fill empty space in a box.

You can easily resize a box by setting the sold item in it, taking a razor knife, and cutting corners all the way through down to a little bit above the item. Then, you take the edge and lightly drag it horizontally across the box at the level where you cut the corners down to. This scores the box, and you’ll be able to fold it down to a tighter fit.

They make box resizers for this specific purpose, but you can actually make your own for a couple of dollars if you don’t feel comfortable using the razor knife to score the box with (video below).

Cleaning Equipment

A lot of times, you’ll find something cool, but it’s filthy. Part of the fun of selling on eBay is taking something that has been forgotten about and cleaning it up to give it new life. Cleaning dust off your items will probably be the most common form of cleaning you do. A good dust rag and feather duster are great things to keep around.

If you’re buying used shoes, getting a horsehair brush might be a good investment. Most of the shoes I get, I’m able to clean with a wet rag. Goo Gone and a Scotty peeler will come in handy for getting sticky labels off things.

Measuring Tape

Some type of measuring tape is essential. You’ll need to put in your box measurements when you’re listing your items. It’s also a good practice to include measurements of your items in your listings. People may not be able to tell how big an article is just by looking at the pictures. If you’re going to sell clothes, you’ll need to include the measurements in the listing for sure.

Small Scale

You can get a good scale that weighs things from 1oz to 60lbs for a reasonable price on eBay. Having accurate weights on the items you list is a critical part of factoring how much the shipping will cost. Always add a couple of ounces for the box and any packing material you might pack the item with.

Storage Equipment

Once you start shopping for items to sell, you may be surprised how much stuff you start buying. Your storage space will fill up quickly! Having sturdy shelves and some storage containers will help you stay organized.

I was able to find someone giving away some shelves, so I didn’t have to pay anything for them. Check places like Craigslist and Facebook Marketplace, and you may be able to get shelving for free or cheap.

Creating eBay and PayPal accounts

You’ll need an eBay and PayPal account to sell on the platform. It’s been announced that eBay is moving away from PayPal, but for the time being, PayPal is still what the majority of eBay sellers use to process payments. You can choose only to accept credit/debit cards as forms of payment, but this will reduce the number of people that will be willing to buy from you.

You don’t need a business account with PayPal to sell on eBay. A personal account will work fine. You’ll just need to add a bank account to PayPal so you can transfer the money you receive to your bank.

I suggest creating a separate bank account just for your eBay business because this makes things simpler. When you have a designated bank account for eBay, you can use it for all of your expenses and be able to track your income and outflow much easier.

Finding Items to Sell

There are millions, if not billions, of different things that are sold on eBay each week. From thimbles to pickup trucks, you can buy and sell just about anything. There are some exceptions, though.

While you may find almost anything under the sun listed on eBay, that doesn’t always mean it will sell. A good rule of thumb is to search for an item you’re interested in and then set the filter to “sold.” This will show you if the item has sold recently, and you’ll be able to see what it sold for.

What Items Sell

When you’re just starting, one of the more popular categories to sell in is clothing. Clothing is good because you can find it all over the place for cheap, and you don’t have to worry about it breaking in shipping.

Here are ten men’s clothing brands that sell for good money on eBay:

Tommy Bahama

Harley Davidson

Filson

Affliction

Orvis

Brooks Brothers

Lacoste

Hugo Boss

Tommy Hilfiger

Burberry

Here are ten women’s clothing brands that sell:

Eileen Fisher

Lulu Lemon

Free People

Dale of Norway

Diane Von Furstenberg

Victoria's Secret

Michael Kors

Tory Burch

Burberry

St. John

And that’s not even scratching the surface on just ONE category you can sell in! Other useful items are vintage/antique items, video games, vintage electronics, collectibles, art, jewelry, fabrics like curtains and sheets, Computer accessories, vintage perfume/cologne, rare mugs/kitchenware, appliance parts… It would take me months to write out all the categories to sell in.

Basically, if you’re out shopping and something catches your eye, look it up and see what it’s selling for. You can also find all kinds of useful videos on YouTube and blog series that shows what sells on eBay.

Where to Find Items

The types of items you’ll find depends on where you’re able to get your items from. Pretty much anywhere in the U.S. should have at least one good place you can find items for cheap within an hour's drive of your house.

Yard Sales

My favorite place to find items is yard sales. Most of the time, people are just wanting to get rid of their stuff and will be thrilled when you show up with a pocket full of cash.

Apps like Yard Sale Treasure Map make it easy to find yard sales, but most of the time, you’ll just need to drive around and look for signs. If you’ve got an area near you with a lot of houses, that will probably be the best place to look for yard sales.

It’s good to be friendly with the people who are hosting the sales because they’ll be more likely to give you deals. It might be hard to look up items on your phone when you’re standing right in front of someone, so sometimes you’ll just have to decide if you want to buy an item without knowing if it’s worth anything.

Another thing to do is ask the seller if they have anything else for sale. They might take you into their attic and have all kinds of valuable stuff that they didn’t feel like pulling out.

Thrift Stores

My second favorite place to buy things is local thrift stores. I don’t like Goodwill very much because they seem to be expensive. Small independent stores, usually run by a church or nonprofit organization, are better. I rarely leave a thrift store without a handful of stuff that I can make a nice profit on.

If you’ve got one near you, Goodwill outlets are much better than the Goodwill retail stores. They usually price items by the pound, and lots of people get their entire eBay inventory from these outlets.

Estate Sales

Estate sales are great places to find things, but sometimes the estate sale companies try to charge an arm and a leg for stuff. You have to be selective with what you buy, but I can usually find something I can make good money on at each sale I go to. EstateSales.net is a great way to find estate sales in your area.

Auctions

Auctions are a great place to find cool items. A lot of times, you can buy a whole table full of stuff for cheap and make serious money on the things you get. Most of the time, auctions are an all-day event, so you’ll have to have an open schedule to go to one.

Flea Markets

If you’ve got a flea market near you, you’ll want to go to it to find items! Flea markets are kind of like a place where you go to have a yard sale away from your house. A lot of the people that sell at flea markets are there every week with new items. I don’t know why the people selling there don’t choose to sell their stuff on eBay, but you can buy their stuff and sell it for more!

eBay

Yes, believe it or not, you can buy items on eBay and resell them for more on eBay. Sometimes a seller will have something listed for a low auction price, and you’ll be the only one to find the listing. The more common way to buy things for cheap on eBay is to buy lots of stuff together and then piece them out and sell them separately. eBay isn’t the best place to find things for cheap, but it’s a way to get items without having to go anywhere physically.

Other Online Marketplaces

Sometimes, you can find things for cheap or even free on places like Craigslist and Facebook Marketplace. There are a couple of other favorite selling apps like LetGo and OfferUp that are similar to Craigslist and Facebook Marketplace.

What Does it Cost to Sell on eBay?

There are a few different fees you can be hit with when selling on eBay. There are insertion fees, final value fees, subscription fees, and PayPal fees. If you’re paying for a store subscription, you shouldn’t have to pay any insertion fees if you’re sticking to the subscription guidelines.

Final value fees are the most considerable expense and are usually around 10% of what your item sells for. PayPal takes about 3% of the sales, so you’re looking at paying about 15% of the price your item sells for the total. If you charge for shipping, eBay charges a final value fee on shipping, but they give you a shipping discount, so that should cover the cost.

Listing the Items

Now you’ve got your equipment ready to go, your eBay and PayPal account setup, and an item to sell. It’s time to start listing! Listing is the most time-consuming part of the process, but don’t let that stop you. You can’t sell anything if you don’t list, so the more work you put in, the more money you’ll make.

Should You List on Your Phone or a Computer?

Do whatever works best for you, I do my entire listings on my phone. It’s easier to type out descriptions on the computer keyboard, but it would take me more time to do part of the listing on my phone and then switch to my computer. I like listing on my phone because I can take pictures and instantly upload them through the eBay app.

Search for the Item on eBay

The quickest way to start a listing is to search for the item on eBay and set the filter to “sold.” If you’re able to find a sold listing of the item you want to list, you can click on it and scroll down on the page until you see a button that says, “Sell one like this.” I like doing this because I know that someone was able to get the listing sold using the title and information they provided in the listing.

If you can’t find your item in the “sold” filter, turn the filter off and see if there are any active listings of it. If there is, you can click on it and hit the same “sell one like this button.” When you use the “sell one like this” function, it will automatically pull a lot of information into the listing for you. You’ll still have to upload your pictures, but the item specifics should already be filled out.

If you can’t find the item you want to sell anywhere on eBay, you’ll have to start a listing from scratch. You might be able to find more information by searching on google. Sometimes you’ll find old pages with information about the item. I’ve found the quickest way to find an item on google is to search google images.

Write a Great Title

The title is one of the essential parts of the listing. 99.99% of the time, people are going to find your item by searching eBay with a particular phrase. You need to fill out the title with as much relevant information as you can think of. I try to completely fill the title character limit with every listing I post.

Here’s a title of something I recently sold:

“VTG Gatorade Duffle Bag Green Orange 19″ x 10″ Gym Tote Zipper Blue Handles.”

VTG stands for vintage. You’ll find there are a few acronyms like NOS (new old stock) and EUC (excellent used condition). I’m not sure how much using these acronyms helps with making sales, but I try to use them when I can.

For something to be vintage, it has to be 20 years old or older. For something to be an antique, it has to be 100 years old or older. If I can’t think of enough words to put in the title and it’s a vintage item, I’ll just write the word “vintage” instead of using the acronym VTG.

Selecting the Right Category

Making sure you’re listing is in the right category is critical. If you’re selling a vintage coffee mug, and the category is women’s shoes, you’re not going to get as many views on the listing. You’ll have to pay attention to the category when you use the “sell one like this” option on preexisting listings. Sometimes, the category won’t be correct, and you’ll need to change it.

Selecting the Item Condition

Depending on the category, you’ll have the option to list your item as new with tags, new without tags, new other and preowned. These options are self-explanatory, but the one you might be wondering about is the new other. New other means an item is new and has never been used but may have defects of some kind.

Taking Photos

Other than the title, I’d say photos are the most crucial part of the listing. A lot of times, people won’t read the title or the description and just purchase the item based on the picture. They may not even click on the images to look at more than the main one. I’ve had people complaining about an item they purchased when I clearly stated the issue they’re complaining about in the title and description.

You can go a little overboard when it comes to taking photos. The better your photos are, the more likely your item will sell, but you’ll need to portray the item as realistically as possible. If the article looks much better in the pictures than it does in real life, you’re probably going to hear about it when the customer gets it.

The best practice for taking photos is to take them in natural lighting with a blank canvas as the background. Preferably, a white background, if you can come up with something. You get 12 free photos with your listings, and it’s a good idea to use all of them if you can.

Sometimes, I don’t use all 12 photo slots because I don’t feel like it’s necessary to depict everything about the item. You’ll want to take clear pictures of any defects the object might have so the buyer knows what they’re buying.

Item Specifics

The item specifics section is where you’ll put all the specific details about the item. You don’t have to fill out every section of this, just put enough information, so the buyer has a good idea of the details.

Writing the Description

The description is where you’ll put any information about the item that you weren’t able to provide in the item specifics. You don’t need to write an entire story in the description, just put as much information about the item to explain it well and list any defects. Most of the time, my descriptions are only a couple of sentences long.

I don’t think people spend much time reading the description, buts it’s vital to put details in it in case a buyer tries to say the item was not as described.

Selling Format

Deciding if you should sell your item as buy it now or auction is one of the most common questions I see with new sellers. I’d say 99% of the time; I list my items as buy it now with the best offer option on.

The reason I sell my items as buy it now is that most of the time, you will only get one bid on the item when you list it as an auction. There are some cases where you’ll have a bidding war, but those are becoming more and rarer. Most people want to be able to purchase the item as soon as they see it.

I like listing my buy it now items with the best offer option because I usually have a considerable profit margin in the listing and the item will sell quicker when people can make offers. The buyer will feel like you’re giving them a great deal, and you’ll be making money quicker.

If I search for an item and notice that almost all the solds have sold as an auction, I’ll list my item as an auction. For some reason, certain items sell better in an auction format. You’ll just have to do your due diligence and decide for yourself.

I also like selling as buy it now because the item will automatically be relisted every 30 days if it doesn’t sell. That allows me not to have to worry about checking my listings constantly to see if there are items that need to be relisted. eBay recently made all of the buys it now listings set to “good til canceled,” so that means your listings will relist until you stop the listing or the item sells.

Setting the Price

If you’ve decided to list your item as an auction, make sure you list it at a price at which you’re comfortable with it selling. Don’t be surprised if you list something worth $100, and it only sells for $1 if that’s what you start the bid at.

If you list the item as buy it now and were able to find previous listings where the item sold, whatever it sold for is probably what you can expect to get for it. This isn't always the case, though. Sometimes people underprice their items, so if you know an item is worth more than what you see it has sold for, list it at the price you think it’s worth and choose the best offer option.

I like to list my items at a high price since I have the best offer option on. People aren’t afraid to send low ball offers, so having a higher price will help you sell your items for more money. Sometimes, you just have to be patient until the right buyer comes along and pays what the article is worth.

Payment Options

If you’re using PayPal as your payment option (and I suggest you do), you’ll need to have the email address associated with your PayPal account as the payment option for your listing. You shouldn’t have to do this with every listing once you’ve got your PayPal and eBay accounts connected. It will automatically set the PayPal email address as your payment preference.

Return Options

To become a top-rated seller, you will need to offer free returns on your listings. Free returns mean that you will have to pay for return shipping if the buyer decides to return the item. I have my return policy set to 30 days after the buyer has made the purchase.

Offering free returns is a pain, but you most likely won’t get a ton of returns if you list your items as best you can.

Shipping Details

I keep things simple when it comes to shipping. I always charge the buyer for shipping, and I only use two shipping services for all my listings. If an item is under a pound, I use USPS First Class Package. If it weighs more than a pound, I use USPS Priority Mail. These two options allow me to use any package I want, and they tend to be the cheapest option for the buyer.

On some items, you may find that you need to offer free shipping to be competitive with other sellers. Most sellers factor in shipping when they price their items with free shipping, so the buyer is always paying for shipping anyways.

For some reason, if an item is listed as $29.99 with free shipping, it will usually sell quicker than a listing for the same item at $19.99 with $9.99 shipping. Even though this is the case, I still don’t ever do free shipping as I know someone will eventually buy my item, and I’m able to keep my listing process simpler.

The reason my shipping process is so simple is that I use the calculated shipping option. eBay will automatically calculate the shipping cost, depending on the buyer’s location.

Having a short handling time will help you sell your items quicker. I have mine set to 1-day. Just make sure you’re able to get the item shipped in the handling time you have set, or you’ll get a defect on your account. Get too many defects, and you could end up as a below standard seller or even get banned.

Packing and Shipping Your Items

Not packing my items securely enough is one of the biggest mistakes I made when I first started selling on eBay. If you’re selling something fragile, like a mug, you’ll need to wrap it in bubble wrap and then fill in the box around it with either packing peanuts or paper. You don’t want your items to be able to slide around in the box as that will almost always ensure that it gets damaged.

If you’ve got any doubts if the item is secure enough, you probably haven’t packed it securely enough. Selling on eBay isn’t worth it if you don’t secure your items, and they break in shipping.

If you’re selling something heavy, it’s probably best to put the item in a box and then put that box inside a box then fill it with paper and bubble wrap. Double boxing heavy items is a great way to keep the items safe.

Combining Shipping

Every now and then, you’ll get a customer that buys multiple items from you at the same time. If they pay for all the items separately, then you’ll need to ship them separately. They may ask you to ship the items together to save on shipping costs.

If a buyer asks you to combine shipping, you’ll need to put the items together in a box and weigh it. Then, you can go to the USPS website and calculate the shipping costs. Once you know how much the shipping is going to cost, you can send the buyer an invoice for the total of the items plus the shipping amount.

Scheduling a Package Pickup

USPS provides a cool service where they’ll pick up your package right from your house (if the service is available in your area). To schedule a pickup, just go to this link and set it up. Not having to go to the post office every day saves me so much time and gas money!

Keeping Track of Your Numbers

Staying on top of your expenses and profits is essential to do for tax purposes. Whenever I buy something to sell, I immediately put a description of the item and what I paid for it into a google spreadsheet.

Once the item sells, I use Final Fee Calc to see what I’m going to profit. I punch in all of the numbers into my google sheet, and then I’m able to total everything up and see how I’m doing each month.

I also add any expenses (like packing supplies, ink, and eBay store subscription) to my monthly google sheet so I can get the true amount of what I’m profiting.

Keeping a simple spreadsheet like this will make it much easier when you go to do your taxes. I’m not a tax professional, so I won’t go into ways you can save on taxes, but it’s a good idea to find an accountant that can help you minimize taxes as much as possible.

Starting a Store Subscription

If you don’t have a store subscription, you’ll only be able to list 50 items a month for free. Any items you want to list after you reach 50 listings will cost somewhere around $.30 per listing. These fees can really add up quickly, so most serious sellers sign up for a store.

If you’re selling your items as buy it now, whenever the listings automatically relist, this will count towards your 50 free listings, so keep that in mind.

To sign up for a subscription, go to my eBay and click account. You’ll see a menu with a link titled “subscriptions.” Click on that link, and it will take you to a page where you can choose the store subscription you want. The eBay starter store is $4.95 a month, and you get 100 free listings per month.

There’s a subscription plan for stores of all sizes, and you can always upgrade your subscription as you go. I’m currently on the premium plan, which is $59.95 a month, and I get 1,000 free listings every month. You’ll also get other benefits from a store subscription, so be sure to read about them on the subscription page.

Building Your Reputation

Having a good reputation on eBay is crucial to your success as a seller. If you get too much bad feedback, you won’t sell as many items or could even end up getting banned from selling. If you follow the tips in this guide, getting negative feedback should be a rare occurrence for you.

Getting Positive Feedback When You’re Just Starting Out

One way to get positive feedback when you’re just starting is to buy some items on eBay using your seller account. The sellers will leave you positive feedback when you buy their articles, and that feedback will show up in your seller profile.

I wouldn’t worry too much about getting good feedback for every item you sell because most buyers aren’t going to leave anything. Obviously, the more positive feedback you have, the better, but I think a lot of people stress out about their profiles too much. When you get over 99% positive feedback, your feedback shouldn’t affect your sales.

When a buyer leaves you negative feedback without having a good reason to do so, call eBay and see if they can remove the feedback from your profile. If you haven’t done anything wrong, they should remove it for you.

Becoming a Top-Rated Seller

To become a top-rated seller, you’ll need to meet these requirements. When you’re a top-rated seller, you get a badge on your listings that makes you look more professional and a 10% discount on final value fees.

Dealing with Customer Issues

You’ll get difficult customers from time to time, and it’s just part of selling stuff online. If a customer is difficult and you haven’t done anything wrong, don’t hesitate to call eBay and explain what’s going on. A lot of times, they will take your side and be able to help you get the problem solved.

Pro tip – when you call eBay, it will be a recording. To speak with an actual human, just say “speak with a representative,” and it will direct your call to a person.

Unpaid Items

Unpaid item cases are probably the most common issue you will have with customers. For some reason, eBay doesn’t require the buyer to pay immediately for the item once they’ve purchased it.

You can ease the pain of unpaid item cases by turning on an unpaid item assistant. I’ve got my account set up to where unpaid item assistant opens a case after the buyer hasn’t paid for four days.

Once the case closes, it automatically relists the item, so I don’t have to do that myself. You can set up an unpaid item assistant on your account by going to my eBay and click the account, then go to site preferences.

Blocking Customers

If you get a customer that’s just being ridiculous, you can block them. To block someone, go to my eBay, account, site preferences and scroll down to buyer requirements and click edit. You’ll see a link that says “blocked list.” Click on this link and add the buyer to the list. This will stop them from being able to buy anything from you or contact you.

Organizing your inventory

You don’t have to organize your inventory, but it will make things easier and will save you time. If you come up with an organization strategy when you’re just starting, it will be easier on you than when you’ve got a big inventory and try to set up a system. Here’s a useful guide on organizing your inventory.

Taking Time Off

Once you get your eBay business off the ground, you’ll eventually want or need to take breaks from time to time. The good news? You can take time off and STILL SELL STUFF! I’ve heard of people taking a couple of months off at a time and still selling a lot of things during their time off. All you have to do is set the handling time to however long you’re going to be away for.

To change handling time on all your listings, go to my eBay – selling and then click on active listings. From there, click edit all listings, and you’ll be taken to the bulk listing editor. From there, you can make all kinds of changes to your listings. You’ll just need to change the handling time on everything and then submit the changes.

Your eBay store will still stay open, and people will still be able to buy things while you’re gone. You’ll just need to message the buyers and let them know you won’t be able to ship the item until you get back. Some buyers might decide they don’t want the item anymore, and some will be fine with waiting. When you get back, you’ll need to change the handling time back to a short amount of time so you can stay a top-rated seller.

And that should cover everything you need to be a successful eBay seller. I hope this guide was helpful!

The post Ultimate Guide to Start Selling on eBay appeared first on Your Money Geek.

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15 Things Your Boss Wishes You Knew About ledger definition

The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.

And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.

Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.

Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.

This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of ​​interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.

And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.

Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.

And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.

It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.

Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.

So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.

" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.

My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.

They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It blockchain energy trading costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.

It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.

Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.

So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.

You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.

Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.

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