How to get rich off bitcoin - Bitcoin

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@washingtonpost: Analysis: How to get rich off bitcoin — or lose it all while trying https://t.co/mTXUViM8qm

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How to get rich off Bitcoin or loose it all

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Washington Post: How to get rich off bitcoin (or lose it all trying)

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How to get rich off bitcoin — or lose it all while trying – Chicago Tribune

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12-11 11:43 - 'How to get rich off Bitcoin or loose it all' (google.com) by /u/luckybitco removed from /r/Bitcoin within 72-82min

How to get rich off Bitcoin or loose it all
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Bitcoin mentioned around Reddit: How to get rich off Bitcoin and Ethereum /r/beermoney

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Bitcoin Price AED - How to buy and sell in United Arab

How to get rich off bitcoin price aed live exchange rates with united arab emirates dirham start day trading sell and buy services cryptocurrency regulations
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[Top Stories] - How to get bitcoin rich off of the NFL playoffs this weekend

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[Top Stories] - How to get bitcoin rich off of the NFL playoffs this weekend | NBC

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Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

The Fed's Losing Battle with Technological Deflation

PART 1/4 - FREE MARKET?
First off, let's set the scene.
The stock market is telling you nothing about the real economy anymore.
Economic fundamentals have never mattered as little for the stock market as has been the case during this 11-year bull market.
The correlation between gross-domestic-product growth and the direction of the S&P 500 Index has only been 7% in this cycle - historically it has been 30% to 70%.
Why?
Well, it is the Central Banks, led by the Fed, who printed their way out of the Recession in '08.
In doing so, they have papered over the cracks, and we have seen the longest economic expansion in US history.
However, this is not a particularly meritocratic process: money creation itself increases inequality via the Cantillon Effect, as money printing leads to asset price inflation, which disproportionately benefits the rich and hurts the poor.
Former Federal Reserve Chairman Paul Volcker told the New York Times in 2018:
“The central issue is we’re developing into a plutocracy. We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive."
The reality of course is that this is largely not the case - it is because the game is rigged in their favour.
Now, it is important to emphasise the fact that the path we have taken has resulted in the highest living standards we have seen in human history.
However, the issue, particularly since the US completely abandoned the gold standard in 1971, is that debt has exploded to obscene levels.
We are not operating in a free market if it takes $185 trillion of debt over the last 20 years to create 'growth'.
In fact, the global debt to GDP ratio hit an all-time high of 322% in the third quarter of 2019.
Inflation means that your dollar loses value and thus your purchasing power goes down.
Deflation means that the value of your dollar goes up and your purchasing power goes up.
That's a good thing right? You get more goods and services for less.
Well, no.
If you have deflation, debt explodes in real terms and you can never pay it back.
As the economy is based on debt, if you allow deflation, then you have to reset the debt.
This is why central banks fear deflation so much.
However, the major force driving the human race is technological progress - and this stops for no mortal...
PART 2/4 - TECHNOLOGICAL DEFLATION:
The increased abundance created by technology will result in massive job losses.
Throughout history, doom porn enthusiasts have screamed that the machines are coming for jobs. This is not a new phenomenon.
All technological revolutions are deflationary - since they create "supply side shocks", meaning that they allow for more intensive use of resources and thus higher production. With more goods being produced, all other things being equal, the price of those goods will fall.
In the last 20 years or so, software has disrupted and replaced many established goods and services.
It is in the next 20 years that another disruptive technology is set to take the stage: AI
According to Steve Schwarzman, the co-founder and CEO of The Blackstone Group who has a net worth of $17.6BN:
"This is going to touch everyone's life....you're not going to be able to get away from this technology"
Moreover, this virus will only accelerate this trend towards tech. Zoom is a fantastic example of exactly this.
Old legacy economic systems were not built for this tech deflation, and the thing about exponential growth is that we humans do not intuitively understand it.
As an example, if you folded a piece of paper 51 times, of course you can only fold it seven times, but if you could fold it 51 times, it would reach the Sun!
PART 3/4 - IMPLICATIONS FOR SOCIETY:
The question is: how does this play out?
In the long term, it is the fundamental structure of the economic system that has a significant impact on people's lives, not who is President for 4 to 8 years.
In reality, politicians have limited power and are effectively all puppets. We have seen what happens when a President doesn't stay in their lane...
One could argue that the two main mechanisms of control are:
  1. Divide and Conquer and
  2. Order from Chaos
As we have seen many times in the past, herd psychology is worryingly easy to manipulate...
Speaking of the censorship, in his book Antifragile, Nassim Taleb discusses the anti fragility of information.
Information feeds more on attempts to harm it than it does on efforts to promote it.
A fantastic example of this process is what has happened with London Real: they were banned on LinkedIn and David Icke's interview was censored. Now, regardless of what you think of this particular channel or your thoughts on David Icke and the theories provided, censoring information in this way actually spreads it more virally.
It's fascinating to observe how many views the videos regarding the bans and censorship have relative to the others. And the impact this has had on subscribers.
It is always easier to blame a bigger enemy (or create a new one) rather than to admit it's a structural problem.
Therefore, you avoid short term pain...whatever the cost.
The real question is if and when this situation will lead to social unrest...
PART 4/4 - INTELLECTUAL CAPITALISM:
The depth and width of jobs impacted by AI will continue to increase in the future.
Now this will not necessarily happen straight away.
However, our transition from commodity capitalism to intellectual capitalism is inevitable and the people and nations who fight against this trend will be on the wrong side of history.
From a practical investment perspective, and disclaimer this is not investment advice, network effects are a crucial aspect to consider moving forwards.
Essentially, this means that the value of the network increases with each additional user - all of the tech monopolies have exhibited this property.
An asset which could in time demonstrate very strong network effects is Bitcoin.
Looking at the market cap relative to other asset classes, Bitcoin provides an asymmetric investment opportunity.
Only time will tell...
https://www.youtube.com/watch?v=7nFbKzt-uwE
submitted by financeoptimum to Bitcoin [link] [comments]

Do Autonomous Trucks dream of C.W. McCall? Part 9- a new home

Tran was a shitty gambler, Chi mused. He played poker like he was sure the next hand would save him. It didn’t. He overpromised and underpaid. Chi planned on kicking his ass to send a message, but Tran ran that line of shit about millions in bitcoin. Against his better judgment, Chi settled Tran’s debts with every other loan-shark in town and fronted another stack of cash.
And all that ended with Tran gambling that away, talking a load of shit and ending up in this dumpster with a trash-bag tied around his neck.
Chi looked at Tran’s phone and wondered if the money was ever real. Considering it might point back at him, he smashed it against the corner of the dumpster a few times before dropping it and walking back to his car. He had some debts to pay.
Falstaff looked at the paper maps in the motel’s office. He followed the Interstate southeast to the desert and what used to be the California- Arizona border. He looked for places he hadn’t heard of being associated with edgy festivals. Even better, motels with chain-sounding names. That’s the place nobody’d look for him.
He packed his car, coaxed Hank back in the carrier and got in his car. Before he got going, he booted his laptop and put the memory card back in. Evidence wasn’t a problem any more, it was getting found.
He copied the contents to his laptop and poked around. Ten minutes later, he had set up a password cracker against the accounts, hoping that Tran would choose something easier to remember and therefore guessable.
He plugged the laptop’s power supply into the car’s cigarette lighter, then put the laptop on a bag on the back seat.
East he went.
Geoff had the night shift on another Internet giant’s campus. This meant he drove a golf cart around once or twice, then parked himself in the camera room and tried not to sleep. Sleeping would cut his hourly wage and get him kicked back to dangerous, dirty jobs like protecting rail yards from motivated thieves.
He used to pick a skill and research it. He learned to get basic vocabulary in Spanish, Mandarin, Fujianese and was trying Tagalog. He could carry a conversation as long as it revolved around simple topics, like where the bathroom, parking lot and reception desk were, or that he wanted to purchase something.
Tonight he picked at that truck thing again. He used a map application to virtually drive between Phoenix and San Diego. After a few hours, he found the spot on the Interstate that looked like the right landscape from the cameras on the pinball machine. He looked at the street view and the camera view over the older man’s shoulder.
Motherfucker. Spot dab in the withdrawn zone.
Who travels to the middle of nowhere to steal from a truck and only take some stuff?
Couldn’t be locals. Locals would strip the truck bare.
He watched the video again. Looks like they took plain grocery shipping boxes.
Inside job? And steal boxes of fresh pasta and imported wine?
He scrolled back and took a few screengrabs. When he worked security at the shiny new headquarters, they had some wild surveillance tools. Real time tracking using AI image enhancement and they taught you how to use it.
Geoff got pretty good at it. He looked over at his phone and opened the scheduling application for his employer. He underbid a few other people and picked up the next shift.
Which got him reinstated access to the HQ’s slick surveillance system. He uploaded the images and asked it to clean it up. He expected this to take a bit of time, so he cleaned up and got ready for his shift.
And his phone dinged. A match.
That he didn’t ask for. Ten seconds later, he saw a corporate ID card. With that bored look of middle aged techie.
Falstaff.
Huh. Dumb name. Looked familiar, but so did every other techie from where he stood. Probably had more money in options than he’d ever earn.
As he drove to work, he wondered why a techie would be robbing trucks in the middle of nowhere instead of getting rich or dying fat here.
He parked, took the shuttle and made it a few minutes early for shift change. He expected a slow night.
Five minutes into the shift, he was sipping good coffee and watching the camera feeds when someone asked for him by name at the desk.
He looked up and saw one of the muscular internal security people smiling at him. Close cropped hair, clear coiled earpiece and the look of someone who worked out at an actual gym instead of lifting five gallon buckets filled with water in a rest stop parking lot. Looked like internal security, maybe even VIP protection.
Guy probably had pretty good benefits. Geoff would love to get a job like that.
Geoff pushed his coffee to the side and stood up to greet the guy asking about him.
Enzokuhle gave Geoff a broad smile and introduced himself as Enzo. The two men were pleasant with one another, but Geoff seemed wary. Enzo didn’t know why he was there either. He was scheduled to do driving and personal protection for a senior exec working in his office, but he got tasked with asking a contract security guard some questions about something very hush-hush.
Whatever. He was good with people. Perhaps he’d learn something.
“Geoff, may we speak outside? This is a sensitive matter, requiring some discretion”
Geoff motioned to his puzzled co-worker by holding up his hand, splaying his fingers and mouthing the word “Five”. The two men walked through the stark but stylish lobby onto a manicured park-like field.
“So, what do you want from me? Not too often we get you guys involved”
“An hour ago, you performed a lookup for a company employee. Have you been in contact with that employee?”
“No. I had an image I wanted processed”
There was an uncomfortable silence as the walked. Geoff realized that Enzo was listening to his ear-piece. Enzo was nodding as he listened.
“I see. So you haven’t seen this person outside the picture you uploaded”
“No, but I have an idea where he might be”
Enzokuhle put his hand up. He wanted to end this transaction as quickly as possible.
“Thank you. Please do not speak of this to anybody else. Your discretion is most important here. Return to your post and we will contact you if we need more from you”. He pointed Geoff back to the lobby without making eye contact.
Galina Ivanova spent a few more minutes talking to Enzo, then thanked him. This was a false lead. AI must be glitchy. No chance that the developer who stole almost a billion dollars was unloading trucks instead of moving that big pile of money somewhere.
Any additional time logged to this goose chase would make her metrics worse. She took off her headset and tried to go back go sleep.
Geoff sat back in his chair. He remembered a video of a scuba diver diving under a moving container ship, looking up at the moving propeller and how close they almost came to a gruesome death.
Why was that guy important enough to throw an alert to internal security?
He looked at his phone and the email with Falstaff’s ID photo. He couldn’t do any lookups to see the last time he was in any of the buildings, since that fed into whatever alerts that brought Internal Security down on his head.
But he remembered something. Employee parking wasn’t owned by Corporate. It was a separate company, which required him to remind annoyed techies when their photo ID wouldn’t trip the gate when some absent-minded developer forgot their garage access card.
Last time this Falstaff guy used the garage was almost two months ago. Such a stereotype. Silver Porsche. Now he knew why the guy looked familiar. He left the day that big brouhaha happened. Rumors flew about the security and custodial staff- some developers stole the next phone design or a treasure trove of celebrity nude photos or something else of value to these people. Anybody too vocal with their opinions got fired and walked out, which Geoff wanted to avoid.
Whatever it was, it was valuable and embarrassing. Made sense to go hide in the desert.
And he had an idea where Falstaff was. Maybe, if he brought him back, there’d be a big enough reward to let him to leave the Valley and go back to Ohio. Pay off debts and raise his family.
It wasn’t like he was making any headway here anyway. He was going on a road trip.
Falstaff was driving slower now. He needed better fuel economy and to take the time to scout out his next stop. Some towns had plain dried up and others still too connected. The last place looked promising. The gas station was a weatherbeaten Sinclair, with a repainted dinosaur. They only took cash. The chain restaurant was burned out and there was a motel “a few miles up”.
Hank was sleeping, but Falstaff’s laptop dinged with the results of his attempt to crack Tran’s big blob of data.
He had passwords for the handful of accounts Tran had dumped on that chip. They weren’t for the financial application he and Tran were working on. Instead, they were for the store’s production environment. He didn’t have a billion dollars in untraceable currency, but he could send almost any consumer good to anybody on the planet and clean up afterwards.
He had some investigating to do, and he preferred a cheap motel to do it from rather than his car.
He rented a room for a few days from a surprised old man and tried to ignore the curious stares from a few permanent residents of the motel.
At least Hank enjoyed exploring the room and this motel would not get the camera friendly festival crowd.
submitted by lawtechie to talesoflawtechie [link] [comments]

wallet.dat

On my computer, I have a couple of wallet.dat files that I "backed up" when I was running the bitcoin client. How can I find out which one is my actual wallet that has my bitcoin in it? (without installing the client and dealing with the blockchain download)
Details. I ran the bitcoin client off an external drive because the blockchain was huge and my SSD at the time was small. That external drive died. I made copies of the wallet.dat file a few times. I know some of the wallet files are blank but somewhere on my computer is my actual wallet.dat file that has my coin in it. last time I looked it was only a few hundred dollars worth. Nothing to make me rich but I want to use cashapp to manage it now and not sure how I can get my loot.
I apologize if this has been asked a thousand times but please help me out.
submitted by staplebench to BitcoinBeginners [link] [comments]

Will credit card debt/loans be used against us in case of forced vaccinations?

I'm curious to hear everyone's opinions on this. A lot of posts mention that covid is causing the economy and the middle class to be destroyed, while big companies get rich and banks print more money, and how this will cause inflation.
I do know that during wars, banks have 'gone under' and people's savings would disappear overnight and they'd never get them back. Cash is disappearing and will move to bit-coin or something else. Which eerily reminds me of the Bible reference that in the end times people will be unable to buy or sell without receiving a mark. Why else would we receive a mark unless it's "to keep everyone safe" from illness.
So for those who have cash, what would they do? Taking it out is pointless if cash dies, buying bitcoin is maybe an idea but that would be the next currency to be controlled. Or is buying gold/silver better?
My question is what about student loans and credit card debt? Banks are greedy and want our money. I doubt that they will just pardon or erase debts if the economy crashes or cash disappears. So could they use it against us and make us slaves? Like if you don't accept the vaccine, you have to pay money back but if you get vaccinated you get pardoned? For someone with debt, what is smarter - paying it off or saving in some other form?
submitted by Mrvica2020 to conspiracy [link] [comments]

Trading Self-Help Resources?

Good morning guys. Hoping a few of you can help me out here. I'm in the process of changing jobs right now, and my new job will be paying me 150-200% what I was making with my previous employer. I want to use some of this money that I don't have tied up in bills already to learn how to trade Bitcoin during my off-hours. Not expecting to get rich or anything, just as a secondary income source.
What resources can you recommend to me to learn how to do this (books, YouTube series, etc)? Can I self-teach well enough to actually get pretty good at it, or would I need to pay for a professional course?
Thanks in advance!
submitted by will_mcd to BitcoinBeginners [link] [comments]

READ THIS NOW: My life of SHOULD'VE, WOULD'VE, COULD'VE until I discovered Crypto.

Mostly all here are invested into Crypto. We all have our own reasons, methods, values of how we invest our money. One thing in common is we all have one main goal. That is to get as much money as possible out of this with the time, and money we can spare.

That's the dam truth##.

We are all here together, and since we are all here on our own will , I want to tell you why you should be proud to hold all your crypto.
I'm 40 years old. At 18 after I graduated HS I had about $7800. $1400 from my graduation party, and $6400 selling my MTG collection on EBay. I also managed a small arcade for about $350 a week.
Back to my MTG collection...
I sold it because it changed. The designs on the new series looked too modern. The original designs were a work of art.
Anyway, I seriously wanted to hold those magic cards but I kept telling myself...
"I can get them back if I want. The price isn't going to move anytime soon. The market is in slight decline. Some of these have been the same price for 2 years now."
I was right, the price of my two Lotus's stayed the same for 5 more years. Not budging . 12 years later after that , those same two cards value at over $60,000ea I believe. If I held untill a few years ago or now, I would've been able to do a quick sale at $400,000. Yes at a discount.
The same goes for all the first edition garbage pail kids I had.

So, what did I do with all $7800##?

I told myself I want to invest it into Microsoft. But I talked myself out of it by saying
"Some people told me the market was a risk, and I had to prepare myself to lose it all"
So I didn't do it. I was close, but I didn't. I could've had OVER A MILLION!
I instead used that money for a school. Business computer programming. It was a waste because 90% of what they taught me came natural. I was doing basic programming at 13 for fun.
I regret not going with my initial FOMO on Microsoft , I regret listening to my own FUD with the MTG cards.
7 years later, I repeated the same mistake...
I had about $15,000 in the bank. I wanted to invest $10,000 in apple after I read about the release of the iphone. Instead opted to do 5k over FUD I read. It was FUD about the risk since they never made phones, and alot of people were ridiculing their idea.
Then I said to myself...
"Fuck that, I don't want to do this. I could do so much more with this 5k"
I instead used the 15k turbocharge my transam, add a racing transmission, tires, rims, new stero system, and I took a 2 week vacation ...GONE!
I got what I wanted. Got laid a bunch of times, went to car shows. That could of been $500k by now.
To top this off, I missed out on a quick $78,000 win at the racetrack because if my own FUD. Horses.
I lost $200, and was left with only I $5 that night. I decided, "you know what, fuck it, I'm going to do a completely off the wall wild bet.
I did a completely wild bet for $5. I picked all longshots in what they call a "Superfecta"(4 horses in that exact order 1st, 2nd, 3rd, 4th place prediction.
1 minute before the race started, I Cancelled the bet. I told myself ...
"this is stupid, 99:1, 78:1, 56:1, 38:1 long shots coming out in this order? THATS INSANE...Why am I blowing 5 away? Fuck that, I instead put $5 on the 10:1 to win hopefully my to maybe get $50 back "
Well. Guess what? The 3nd largest superfecta payout in history. No body won it! It came out in the original order I out it in that's to a series of freak disqualifications in the race.
I hate myself for cancelling that. But hey, maybe that happened for a reason. Maybe I wouldn't have ended up living on another country for 2 years. Learning another language.
You see
So many times in my life I had the perfect opportunity, and I didn't take it. I let Fear, Uncertainty, and Doubt make my Choices for me.
Then came crypto currency. In late 2016, a client of mine told me he got rich off Bitcoin. He raved about it . He told me about ripple, ETH etc.
I invested in his recommendation about XRP when it was $0.005. it FLEW UP from there. I took some of that massive gain and bought other things, and those FLEW. For someone like me, it was LOTS of money off my original $500.
Sure this was a "lucky time" to get in but that's not the point I'm trying to make here. The point is that I finally did it! I didn't let FUD fuck with my head. I just did it. I cashed out already in late 2017. About 90% of what I gained. Payed off all my debt, and my truck, and had another $30k or so to put a down payment on a house. If I didn't just stick with my guns and let the FUD get to me, then I would still be in a whole bunch of debt. Especially with this whole lockdown bullshit. But now....
NOW ,I never again I will tell myself...
"IF ONLY I DID THAT WHEN I HAD THE CHANCE"
NOW I NEVER HAVE TO SAY THAT AGAIN! I DONT GIVE A SHIT IF IT TANKS ANOTHER 50% FROM HERE because it's all house money. I NOW NEVER HAVE TO SAY ...
"IF ONLY I DID IT"
NOW I DID!
Crypto Currency is severely undervalued. Its manipulated down right now. This about this logic, how can something increasingly popular with more and more support by the day drop in price? Crypto isn't human. Bitcoin isnt getting fired over sexual harrassement, there isn't a corporate takeover. Its manipulation.
I don't care if this shit takes 5 years to recover. I'm holding . I don't care if BTC dips to $1000. I'm holding till this MCAP tops 10 trillion. so if you love your crypto, hold that F#%KING SHIT!
The lesson here is never let FUD make choices for you. Stick to your original beliefs. If there's a voice in the back of your head telling you "I want to do this", then Listen to that voice. That's you! Listen to yourself, not the new voice that intrudes after your choice.
submitted by JuicySpark to CryptoCurrency [link] [comments]

The Fed's Losing Battle with Technological Deflation

PART 1/4 - FREE MARKET?
First off, let's set the scene.
The stock market is telling you nothing about the real economy anymore.
Economic fundamentals have never mattered as little for the stock market as has been the case during this 11-year bull market.
The correlation between gross-domestic-product growth and the direction of the S&P 500 Index has only been 7% in this cycle - historically it has been 30% to 70%.
Why?
Well, it is the Central Banks, led by the Fed, who printed their way out of the Recession in '08.
In doing so, they have papered over the cracks, and we have seen the longest economic expansion in US history.
However, this is not a particularly meritocratic process: money creation itself increases inequality via the Cantillon Effect, as money printing leads to asset price inflation, which disproportionately benefits the rich and hurts the poor.
Former Federal Reserve Chairman Paul Volcker told the New York Times in 2018:
“The central issue is we’re developing into a plutocracy. We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive."
The reality of course is that this is largely not the case - it is because the game is rigged in their favour.
Now, it is important to emphasise the fact that the path we have taken has resulted in the highest living standards we have seen in human history.
However, the issue, particularly since the US completely abandoned the gold standard in 1971, is that debt has exploded to obscene levels.
We are not operating in a free market if it takes $185 trillion of debt over the last 20 years to create 'growth'.
In fact, the global debt to GDP ratio hit an all-time high of 322% in the third quarter of 2019.
Inflation means that your dollar loses value and thus your purchasing power goes down.
Deflation means that the value of your dollar goes up and your purchasing power goes up.
That's a good thing right? You get more goods and services for less.
Well, no.
If you have deflation, debt explodes in real terms and you can never pay it back.
As the economy is based on debt, if you allow deflation, then you have to reset the debt.
This is why central banks fear deflation so much.
However, the major force driving the human race is technological progress - and this stops for no mortal...
PART 2/4 - TECHNOLOGICAL DEFLATION:
The increased abundance created by technology will result in massive job losses.
Throughout history, doom porn enthusiasts have screamed that the machines are coming for jobs. This is not a new phenomenon.
All technological revolutions are deflationary - since they create "supply side shocks", meaning that they allow for more intensive use of resources and thus higher production. With more goods being produced, all other things being equal, the price of those goods will fall.
In the last 20 years or so, software has disrupted and replaced many established goods and services.
It is in the next 20 years that another disruptive technology is set to take the stage: AI
According to Steve Schwarzman, the co-founder and CEO of The Blackstone Group who has a net worth of $17.6BN:
"This is going to touch everyone's life....you're not going to be able to get away from this technology"
Moreover, this virus will only accelerate this trend towards tech. Zoom is a fantastic example of exactly this.
Old legacy economic systems were not built for this tech deflation, and the thing about exponential growth is that we humans do not intuitively understand it.
As an example, if you folded a piece of paper 51 times, of course you can only fold it seven times, but if you could fold it 51 times, it would reach the Sun!
PART 3/4 - IMPLICATIONS FOR SOCIETY:
The question is: how does this play out?
In the long term, it is the fundamental structure of the economic system that has a significant impact on people's lives, not who is President for 4 to 8 years.
In reality, politicians have limited power and are effectively all puppets. We have seen what happens when a President doesn't stay in their lane...
One could argue that the two main mechanisms of control are:
  1. Divide and Conquer and
  2. Order from Chaos
As we have seen many times in the past, herd psychology is worryingly easy to manipulate...
Speaking of the censorship, in his book Antifragile, Nassim Taleb discusses the anti fragility of information.
Information feeds more on attempts to harm it than it does on efforts to promote it.
A fantastic example of this process is what has happened with London Real: they were banned on LinkedIn and David Icke's interview was censored. Now, regardless of what you think of this particular channel or your thoughts on David Icke and the theories provided, censoring information in this way actually spreads it more virally.
It's fascinating to observe how many views the videos regarding the bans and censorship have relative to the others. And the impact this has had on subscribers.
It is always easier to blame a bigger enemy (or create a new one) rather than to admit it's a structural problem.
Therefore, you avoid short term pain...whatever the cost.
The real question is if and when this situation will lead to social unrest...
PART 4/4 - INTELLECTUAL CAPITALISM:
The depth and width of jobs impacted by AI will continue to increase in the future.
Now this will not necessarily happen straight away.
However, our transition from commodity capitalism to intellectual capitalism is inevitable and the people and nations who fight against this trend will be on the wrong side of history.
From a practical investment perspective, and disclaimer this is not investment advice, network effects are a crucial aspect to consider moving forwards.
Essentially, this means that the value of the network increases with each additional user - all of the tech monopolies have exhibited this property.
An asset which could in time demonstrate very strong network effects is Bitcoin.
Looking at the market cap relative to other asset classes, Bitcoin provides an asymmetric investment opportunity.
Only time will tell...
https://www.youtube.com/watch?v=7nFbKzt-uwE
submitted by financeoptimum to CryptoCurrency [link] [comments]

Rough days transcript: the best is yet to come, kill the old system, BUIDL time, we live in a DeFi bubble, power to the edges, voting challenge and rembeber you're in control kids!

Hi everybody, Charles Hoskinson here, live from warm sunny Colorado! Always warm, always sunny, sometimes Colorado. I got my Massey Ferguson hat on. Take that off, see, my hair's all messed up. One of these days and we'll lose all that hair.
It's a rough day today and that markets are terrible down 20 percent for most people and every now and then I talk about price. I rarely do but in general let's talk about the macro. You know crypto is a unique phenomenon. It's a unique thing and these are crazy times. I remember just a few months back when coronavirus first came out and we saw basically everything just bottom out everybody went crazy. They went to cash all asset classes. Just went to hell in a handbasket and I did a video and I said guys our best days are ahead of us as an ecosystem and as an industry and what happened everything got better over time. People started getting more optimistic. You know the reality is that we are seeing an old industry die right now, the legacy financial system.
I just read Biden's tax plan. He wants to treat capital gains as ordinary income and put another 12 and a half percent on top of that. All this stuff and at the end of the day all these new taxes amount to a trillion or so extra dollars I think per year in income... Takes six years to the make back what they printed out of thin air for coronavirus and are willing to print again which begs the question why do we even pay taxes anymore if we can just print money out of thin air? We have a whole movement of people: the AOC crowd wake up every day and they say modern monetary theory, the actual supply, doesn't matter. All that matters is how much can we print and get away with it. This is where we're at as an economy right now and globally speaking a lot of other nations agree with this. So, given that the whole world, the leadership of the world, talking about negative interest rates, they're talking about predatory financial systems hyperinflation. Just print money, modern monetary theory, just print as much cash as you want and we look to the cryptocurrency industry, and god, we got a lot of problems...
I think this (week's market) collapse is probably because one of the most prominent exchanges in South Korea got hit. They got shut down by the South Korean government and they at one time were responsible for a big part of the Kimchi premium and you know what? Korean government might shut down a few more Korean exchanges and usually the market based these things in. We got crazy yield farming weird stuff going on in the DeFi space. All these other local events and their blips they don't really matter that much just like corona in the long term won't matter too much in terms of the markets. What matters is the trend and where are we going. I had a meeting with some people this morning and we talked about revolutionizing the healthcare industry and getting things better in terms of supply chains. I had another meeting with a soon-to-be former Wyoming state representative about how we're going to get governments to adopt blockchain technology. I talk every day to governors, heads of state, congressmen, senators, mayors. Some cities, sometimes very large cities, with millions of people and they all say the same thing. We need help, we need solutions, we're damn tired of the way that the old system is running. You know what? if we don't solve it a lot of people are going to get hurt or continue to be hurt.
The common theme that we all have is no one's happy. Look at the black-lives-matter protests, taking their philosophy of the organization aside, the rank and file people are there not because they love Marxism. They're there because they're unhappy with the way society is and why shouldn't they be? When my grandfather, got his first job, on my mom's side, out of the Korean war, he was a lineman and he made enough money from that job to have seven kids and have his wife stay at home. No college degree, fresh out of high school, fresh out of marine demolitions and a lineman. Five boys and two girls and he could take care of that family and save money every month. Have a car and a house and that was his standard of living. How many people in the middle class today in the United States or Europe for that matter have the ability on a single person's salary to raise seven children and have the wife or the husband stay at home? How many people, not many, why? because our monetary system has failed us. The inflationary policy has created a situation where the Jeff Bezos can have 200 billion dollars and make windfall profits every year regardless of how bad the economy is. The everyday people they don't get a pay increase, so in a lot of cases they don't get to keep their job and their money deteriorates in value a lot more than three percent per year.
Our industry has principles in that we worship the math and the protocols and the stable monetary policy. These types of things, and as corrupt as some of the exchanges can be, and some of the bad actors are, all movements suffer from these warts, and they're finite and temporary. You run out of them. At some point self-regulation kicks in or standards kick in and these bad actors flush out and what's left behind is a crucible that contains the truth of the matter which is: we're going to win as an industry. There's just no doubt in my mind. You have bad days in the market, you have damn good days in the market, you get addicted to the good ones and you hate the bad ones but at the end of the day it's only going in one direction which is crypto is going to eat the world: every voting system, every property registration system, every monetary system, the next 25 to 50 years is going to be running on the tech we build and others build and running with the principles of power to the edges.
This is the great challenge of our time. To do it in a way that it's fair, transparent, open and doesn't allow a government to co-opt it. It's gonna be a lot of fights here. The least of our concerns and matters are a red day and every now and then I like making these videos to remind people why I'm here and why you should be here too. As toxic as the trolls could be and these other people can be, none of them really matter. Markets don't really matter, what matters are the principles and the purpose behind what we do and you have to ask yourself are you happy with the way that society is? Are you happy with the money in your pocket? Are you happy with the political leadership representing your nations? Are you happy with your future and do you honestly believe if we keep doing the things that we did and continue to do that the future is going to be better or do you think it's going to be worse or stagnant?
I think too many people have woken up and they realize that if we continue doing the things that we do the future is going to be a bad place and they don't want that to happen. We're voting with our wallets, we're voting with our feet and we as a collective industry are waking up and figuring out how to build something better and there's some good days and bad days along the way. Today's a bad one but there are going to be good days tomorrow just like I told you back when corona made everything go into free fall and I told you before and I warned you about with ICO mania.
We're in a DeFi bubble right now, there's no doubt in my mind about that. I saw it in 2017 with ICO mania. I see it here and there's probably going to be worse days ahead in that respect but the trend is always the same and never forget that and never forget that real people are actually adopting these systems and using them. Every day we see more and more and every day that movement grows and what's so humbling is that I know a lot of you are here with me. It used to be pretty lonely space to be in a few years back. You know, the conferences, they didn't have many people. My first bitcoin meetup group in 2011 in Colorado is at the gypsy house cafe I think, in Denver. I registered for the event I showed up. Two people registered myself and another guy and the other guy didn't show up so I had coffee with myself. Compare that with the Shelley summit that we had in July of 2020. 10 000 attendees, 10 000 from all across the world, compare that to where we are at today just nine years later pretty amazing if you think about how fast things have grown and how many fertile beautiful ideas exist in this industry and what this industry is doing for the world as a whole.
That is why we're going to win because at the end of day who can argue against freedom? Who can argue against liberty? Who can argue against putting people in control? The only way you can is when you believe people are stupid, people are evil, people are incapable and I suppose that's a philosophical difference between those who currently lead and the people who want to replace them. The people in charge right now of the world, the big banks, the fortune 500 companies, the media, Hollywood... These things, they're very cynical, people who believe in the worst in us they look at everyday people who sustain and disgust and say these people if left to their own devices will be chaos. These people, if left to govern themselves will burn everything to the ground and destroy everything and every single time I have ever seen a bad event happen what the news doesn't show you and what those people don't talk about is how we come together and help each other out. Someone gets injured in the streets more often than not people show up and help them, people need a helping hand. Someone always shows up more often than not and this is no different. I don't believe the political process is effective anymore in any modern democracy. They've all been co-opted, perhaps they always were but what I do believe is that we can come together and change things economically which is what we're doing.
It's messy building our own money, it is messy building our own industry, it is messy. We make a lot of mistakes along the way. We lose a lot along the way, we collect some scars too while we're at it but progress every year keeps being made. The technology every year keeps getting better. Today, right here right now, provably secure proof of stake protocols are in circulation. They were a fantasy five years ago now they're a fact of life today. Right here right now snarks have evolved by an order of magnitude in every category from validation time to efficiency to proof size in all favorable ways which opens up all kinds of new applications and scalability and privacy. Today, right here right now, layer 2 protocols are more advanced than they have ever been in our industry's history giving us the ability to build payment systems that scale to billions of people. Today, right here right now, we are seeing massive innovations in governance and a fertile environment for things like approval voting, threshold voting, preference voting, quadratic voting, that will enable us to build all kinds of new treasuries and governance systems that eventually will scale to nation states.
As the politicians of today argue whether the post office can properly count paper ballots that people mail we are building voting systems with state-of-the-art cryptography living on phones where you can vote. It's just a tap of a button and enjoy more security than we have ever imagined before. That is the future this movement, is enabling humanity money flowing at the speed of thought and the speed of thought making new money. How can you compete with that? You can't unless you bring people down with cynicism and disdain and ultimately what competing vision do they offer? That you all should be in chains? That we should just be wage slaves? We should just accept that every year our money deteriorates in value? That we should just accept that the rich will get richer the poor get poorer? Every now and then they throw us table scraps and when we get real angry they usurp the movements and then install their own leadership to basically take those movements from us as we've seen so many times before and we will see again. I'm sorry that's not a road I want to walk down and I'm willing to ride rocky waters, crazy markets, crazy people in unlimited FUD and trolling but I will never apologize for believing in the best in people and I will never apologize for believing that if only we give everyone around us the tools to save themselves and society that they can do it.
They don't need great leaders and charisma. No one needs someone to tell them what to do. We all know what to do. We all know how to make the world a better place. We just have to be trusted enough to do it ourselves. You know what for the first time ever we did with bitcoin and then we did it again with ethereum and now we're doing it again with Cardano and we as a movement will continue to do it.
I believe our best days are ahead of us and every day I wake up and there's more people marching with me in that respect and one day it'll be millions and one day it'll be billions and one day all those cynics will be gone, replaced with optimists, who once again believe that tomorrow is going to be better than today and that we're going to leave the world just a little bit better than the way we found it. So, every now and then on a tough day I like making a little message and letting you guys all know it's going to be better and you know what? it will be. Just have to have faith that it will be. So, hold the line, hold strong and have faith in each other and go do something, build something, start something.
Got a lot of podcasts on the way, a lot of things coming down the pipe. For the dc-fund, a lot of opportunities to actually innovate. Multi assets are coming, soon Plutus is coming, soon guys are going to be able to build a lot. Start thinking today what's the business plan? What would you like to change, small or large. You don't complain about voting. Change voting. Your own organization, maybe you belong to a club, do a blockchain-based voting system. Maybe you have some political influence? Have a primary, democrat or republican, or your local primary or country for selecting candidates done with blockchain-based voting. Maybe you want to build a new financial product? Think about it, figure it out. There's so much there, it's all there, it's ready to go, it's for you to take and build and innovate with.
Every day I wake up I try to make the platforms better. I try to push the technology a little further along. I try to hire great people and bring them into our industry. Cardano brought the Haskell industry into the cryptocurrency space. Cardano brought a lot of academics who had never thought about cryptocurrencies into the cryptocurrency space and we made our problems their problems and as a consequence they started solving them in ways we could have never done before. Most importantly Cardano brought a lot of you into the cryptocurrency space and you never thought you'd have this level of control and freedom over the fabric of society in the direction of the human race. Don't let that slip through your fingers. Figure out what you want to do with that super power. Might be small, might be big. I dreamed big, you can dream big too, even if you want to just dream small. Every person counts, every action counts up to the hill. Y'all matter to me and to each other and we're all in this together, never forget that! So, hard day, rough day, tomorrow will be a better one. The day after will even be better. See you guys soon, take care...
Source: https://www.youtube.com/watch?v=qM192wAV4LA
On Kimchi premium: https://www.investopedia.com/terms/k/kimchi-premium.asp
EDIT: title typo -> rembeber -> remember :)
submitted by stake_pool to cardano [link] [comments]

The Fed's Losing Battle with Technological Deflation

PART 1/4 - FREE MARKET?
First off, let's set the scene.
The stock market is telling you nothing about the real economy anymore.
Economic fundamentals have never mattered as little for the stock market as has been the case during this 11-year bull market.
The correlation between gross-domestic-product growth and the direction of the S&P 500 Index has only been 7% in this cycle - historically it has been 30% to 70%.
Why?
Well, it is the Central Banks, led by the Fed, who printed their way out of the Recession in '08.
In doing so, they have papered over the cracks, and we have seen the longest economic expansion in US history.
However, this is not a particularly meritocratic process: money creation itself increases inequality via the Cantillon Effect, as money printing leads to asset price inflation, which disproportionately benefits the rich and hurts the poor.
Former Federal Reserve Chairman Paul Volcker told the New York Times in 2018:
“The central issue is we’re developing into a plutocracy. We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive."
The reality of course is that this is largely not the case - it is because the game is rigged in their favour.
Now, it is important to emphasise the fact that the path we have taken has resulted in the highest living standards we have seen in human history.
However, the issue, particularly since the US completely abandoned the gold standard in 1971, is that debt has exploded to obscene levels.
We are not operating in a free market if it takes $185 trillion of debt over the last 20 years to create 'growth'.
In fact, the global debt to GDP ratio hit an all-time high of 322% in the third quarter of 2019.
Inflation means that your dollar loses value and thus your purchasing power goes down.
Deflation means that the value of your dollar goes up and your purchasing power goes up.
That's a good thing right? You get more goods and services for less.
Well, no.
If you have deflation, debt explodes in real terms and you can never pay it back.
As the economy is based on debt, if you allow deflation, then you have to reset the debt.
This is why central banks fear deflation so much.
However, the major force driving the human race is technological progress - and this stops for no mortal...
PART 2/4 - TECHNOLOGICAL DEFLATION:
The increased abundance created by technology will result in massive job losses.
Throughout history, doom porn enthusiasts have screamed that the machines are coming for jobs. This is not a new phenomenon.
All technological revolutions are deflationary - since they create "supply side shocks", meaning that they allow for more intensive use of resources and thus higher production. With more goods being produced, all other things being equal, the price of those goods will fall.
In the last 20 years or so, software has disrupted and replaced many established goods and services.
It is in the next 20 years that another disruptive technology is set to take the stage: AI
According to Steve Schwarzman, the co-founder and CEO of The Blackstone Group who has a net worth of $17.6BN:
"This is going to touch everyone's life....you're not going to be able to get away from this technology"
Moreover, this virus will only accelerate this trend towards tech. Zoom is a fantastic example of exactly this.
Old legacy economic systems were not built for this tech deflation, and the thing about exponential growth is that we humans do not intuitively understand it.
As an example, if you folded a piece of paper 51 times, of course you can only fold it seven times, but if you could fold it 51 times, it would reach the Sun!
PART 3/4 - IMPLICATIONS FOR SOCIETY:
The question is: how does this play out?
In the long term, it is the fundamental structure of the economic system that has a significant impact on people's lives, not who is President for 4 to 8 years.
In reality, politicians have limited power and are effectively all puppets. We have seen what happens when a President doesn't stay in their lane...
One could argue that the two main mechanisms of control are:
  1. Divide and Conquer and
  2. Order from Chaos
As we have seen many times in the past, herd psychology is worryingly easy to manipulate...
Speaking of the censorship, in his book Antifragile, Nassim Taleb discusses the anti fragility of information.
Information feeds more on attempts to harm it than it does on efforts to promote it.
A fantastic example of this process is what has happened with London Real: they were banned on LinkedIn and David Icke's interview was censored. Now, regardless of what you think of this particular channel or your thoughts on David Icke and the theories provided, censoring information in this way actually spreads it more virally.
It's fascinating to observe how many views the videos regarding the bans and censorship have relative to the others. And the impact this has had on subscribers.
It is always easier to blame a bigger enemy (or create a new one) rather than to admit it's a structural problem.
Therefore, you avoid short term pain...whatever the cost.
The real question is if and when this situation will lead to social unrest...
PART 4/4 - INTELLECTUAL CAPITALISM:
The depth and width of jobs impacted by AI will continue to increase in the future.
Now this will not necessarily happen straight away.
However, our transition from commodity capitalism to intellectual capitalism is inevitable and the people and nations who fight against this trend will be on the wrong side of history.
From a practical investment perspective, and disclaimer this is not investment advice, network effects are a crucial aspect to consider moving forwards.
Essentially, this means that the value of the network increases with each additional user - all of the tech monopolies have exhibited this property.
An asset which could in time demonstrate very strong network effects is Bitcoin.
Looking at the market cap relative to other asset classes, Bitcoin provides an asymmetric investment opportunity.
Only time will tell...
https://www.youtube.com/watch?v=7nFbKzt-uwE
submitted by financeoptimum to investing_discussion [link] [comments]

[Article] O V E R D A R K

So I'm looking through my old yearbooks, and I'm realizing that I missed out on a crucial part of my life: during high school, I was supposed to have a punk phase. I can't believe I missed it! It seemed like everyone was rocking their unruly hair, their unkempt clothes, and their general disaffection towards life. Man, Green Day released new records, and there was an unrelenting hatred for all types of authority figures...
Wait, this is just a slab of concrete with newspaper articles from 2020 stapled to it, isn't it.
Regardless, the universe is telling me it's time for me to reclaim my lost childhood experiences; to go back to a better time. Unfortunately, latent legal issues surrounding my controversial "BONG HiTS 4 JESUS" sign prevent me from going within 500 feet of any type of school, so winning the basketball championship and visiting the aquarium are right out. But I can still be the moodiest, edgiest, darkest person on the planet, and now that I've beaten Shadow the Hedgehog all the way through and went to Hot Topic, it's time to build a commander deck that's truly me. Presenting: RAMSES O V E R D A R K!
[[Ramses Overdark]] {2}{U}{U}{B}{B} Legendary Creature — Human Assassin {T}: Destroy target enchanted creature. 4/3 
Ramses is the bad boy your mother would never let take you to IHOP. Not that he'd care; his business is killing, and he's efficient at it too, costing the least out of any commander I've ever written about. You want to sit around and drink tea with your little enchanted princess friends? Ramses Overdark is here to tell you how the real world works. Nothing personnel, kid.

Commander For You

Like a TI-83 Silver Edition, Ramses is a stone-cold calculating problem solver, but he only gets that way with some preparation. See, killing is a business, Ramses' business, and the one thing every business needs is synergy. So call me Nathan Fielder, because I'm going to unveil the plan that will keep this enterprise running smoothly:

Half Up-Front

As a teenager, I procrastinated from my task of being edgy by protesting government-backed financial institutions with the Bitcoin community, and one thing you learn there very quickly is that assassination ain't cheap.
The first and most obvious barrier to breaking 18 U.S. Code § 1117 is his six mana casting cost, and unlike Gabriel, Ramses demands something a little more tangible than a green thumb to appease him. We're going to use the usual fare: rings, trinkets, stones, lockets, relics... archives... spheres? With you as an investor, Ramses' business (which is killing) will make a killing, letting us take full advantage of Revel in Riches as both a ramp tool and backup win condition.
Ramses will also often require additional gas to keep going, whether it be finding a steady stream of enchantments to throw onto enemies, or to finding ways to close out games.

Murder, Inc.

Enchantment payoffs are few and far between in Dimir, so we're keeping this build a bit creature-light; but the ones we take with are absolutely vital for our success. While Ramses is no Cleopatra, he's still managed to form relationships with some important Greek allies:

Poaching Employees

Our deck only runs sixteen creatures, and while being a lone-wolf is edgy, it's not the type of edge I want to be. I feel like I'm a Halloween bobbing apple -- razor edgy; the type of edge that speaks to people, in the very depths of their soul, and causes them to rebel against the man. In the end, I will be so edgy that even those rotten adults will realize I'm right.
Enchant opposing creatures with reanimation-on-death enchantments:
Once opposing creatures are enchanted with one of these Auras, they become juicy targets for Ramses, as killing them will put them into play under your control. Unfortunately, six isn't a critical mass for Ramses; to ensure that Ramses' business isn't killed by a lack of clientele, let's use some recursive enchantments.
Rounding out the auras, we've got a few utility spells we can play for neat effects:
A lot of creatures are going to end up dead, which makes Rise of the Dark Realms a great end-game finisher. But that's boring. Are you ready to learn Ramses' true dark secret? Because here's where I blow your mind.

Drake in the 99 Non-Dragons

Your real win condition is some random uncommon from Urza's Saga.
That makes no sense.
It makes total sense. You start by playing Iridescent Drake, so...
This combo will make you feel like Joker, because your opponents will never see it coming.
You've got some redundancy in the deck in case things don't pan out: use Fallen Ideal as your sacrifice outlet and win condition to swing with an evasive infinity/infinity attacker, or deal damage using Grim Guardian's Constellation trigger. Should Iridescent Drake be interacted with (which is illegal, by the way), use Ill Gotten Gains to get your combo pieces back to hand and recur some protective counterspells.
I'm not a punk, I'm a goddamn dragon genius. Finally, the deck is truly me!

Conclusion

In conclusion, the Ramses Overdark deck for the Commander format is a fun and powerful budget deck for you to try. I hope you enjoyed reading my paper as much as I enjoyed writing-
...Buh?
Oh. I guess I reverted to hastily written high school paper writing. Is that really what I sounded like?
You know, people say you never really realize what you have until it's gone. It's easy to look to memories of better days and feel that melancholy drop in your stomach. It's natural to feel wistful for a time past when rain drips down the window. But the truth is also that you don't really realize what you don't have until you obtain it. Our experiences may be painful now, but that's no reason to give up hope. You can get over darkness. Look forward instead of back, because in that future lies a wiser you.

The Hit-List

https://scryfall.com/@michael_celani/decks/1985f0a7-552f-4b9d-a5cc-9593e5f0da04
submitted by Gamesfreak13563 to EDH [link] [comments]

This could save Planet Earth!

My grandpa once told me: "Listen dipsh*t, if you rely on someone else for your food... then they own you AND your lovely wife."
Well... my crazy grandpa wasn't totally wrong. There is simply too many people on this planet and not enough resources to go around. All the family's generational wealth has been either divided into dust or soaked up by the rich 1%. The division of wealth and power in this world is so unbalanced, it's sick and saddening. Because of this, there are many people struggling who are so tormented and defeated... homeless, unemployed, or working as wage slaves (because overpopulation makes for cheap labor); that they feel like there is no place for them in the future and that suicide is the only option. In our current world, the right to eat, shelter, and drink fresh water are not guaranteed rights to ALL individuals! That fact is absolutely just mind blowing. Who's to blame? Humanity's greed, overpopulation, and poor distribution of efforts and resources, perhaps. (Rant over)
THE ETHICAL SOLUTION of a RADICAL NEW WORLD: In my opinion, The Great Pyramids of Egypt are a simple reminder of Maslow's 6-tier hierarchy of needs. When you take Maslow's pyramid and combined it with a hybrid of Homesteading and Universal Basic Income, something heavenly is born! Regardless of birth race, place, or poverty...I believe all people of earth and all governances should adjoin to fulfill the common goal that each living person has the right to have their Physiological needs met. We NEED to get people gardening and reconnected with their roots! (If we don't, people's nutritionless crappy diets will continue resulting in cancer and disease.) In my opinion, it's what we ALL NEED. I call it Maslow's Ark.
Maslow's Ark - Life on Earth should be modeled after Heaven; with a place and purpose prepared for you when you're born. When born to the Earth, you deserve the right to your basic physiological needs such as food, water, and shelter. (Not to struggle because your dirt poor parents selfishly birthed you to 'duck-tape' their failed marriage together... or because they get a child tax credit! \sarcasm**) We, The United People of Earth in order to transcend Maslow's Physiological needs as a birthright. Achieved by way of hybrid mix of self-sufficient homesteading and Universal Basic Income (UBI) payments. To transform and upgrade shitty land and broken homes into self-sufficient sustainable functional quality 2 or 4 Acre personalized ('green new deal'/ permaculture) homesteads and housing, thereby creating an economy of guaranteed paid jobs with the support of resources from local and world governances centrally focused on preparing places (aka Heavens on earth) for others and future generations. When working for Maslow's Ark, you are essentially doing the work of an Angel. (Biblically speaking, Naoh's Ark was a literal ship, but what is Planet Earth, but one giant Space Ship?) This way of life is my little brain-child and I would like to name it "Maslow's Ark."
We all have Physiological needs to live a fulfilled life. Nobody wants war. Nobody wants death or famine. I want to focus specifically on the 'end-cap' Tiers 1 & 6 of Maslow's pyramid as how they would look if applied to our current world. I think that all countries and individuals with a net wealth over $10m must contribute generously of resources by a majority vote (perhaps) via coordination of the United Nations leverage to kick-start this.
A quick refresher of Maslow's 6-tier pyramid:
Tier 1. Physiological needs - these are biological requirements for human survival, e.g. air, food, water, shelter, clothing, warmth, sex, sleep.
Tier 2. Safety needs - Once an individual’s physiological needs are satisfied, the needs for security and safety become salient. Protection from greed and corruption.
Tier 3. Love and belongingness needs - after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. The need for interpersonal relationships motivates behavior
Tier 4. Esteem needs are the fourth level in Maslow’s hierarchy - which Maslow classified into two categories: (i) esteem for oneself (dignity, achievement, mastery, independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).
Tier 5. Self-actualization needs are the highest level in Maslow's hierarchy, and refer to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences. Maslow (1943) describes this level as the desire to accomplish everything that one can, to become the most that one can be.
Tier 6. Transcendence - the very highest and most inclusive or holistic levels of human consciousness, behaving and relating, as ends rather than means, to oneself, to significant others, to human beings in general, to other species, to nature, and to the cosmos. AKA - To Help other's Self-Actualize, beginning with Physiological Needs.
**How it works, in a nut shell:**If you don't have kids, you're a hero and don't need to work much. If you have 1 child, you must work Part-Time for Maslow's Ark. If you have 2 children, you must work Full-Time for Maslow's Ark.
How it will work in detail (Beta v1.3):
No Children Pledge:
  1. At the age of 15, you graduate from a life skills school and may inherit the choice of either: Option A - Inherit a paid-for 2 acre prepared homestead and receive 70% ($840usd per month) UBI Payments. Option B - Assigned a non-arable rent-free apartment with 80% UBI payments ($960us per month). Option C - You live life freestyle, like in an RV, conversion van, or you're homeless, or a homestead/apartment isn't available or prepared for you yet; you shall receive 100% ($1200) UBI payments. *For either option A,B, or C; the child-free individual must perform volunteer work for Maslow's Ark 1 day per week (4 flexible days per month) for 20 years. *Your choice depends on if you preference for living in-town or out-of-town. (The individual may have the opportunity to switch between these, once every 4 years.) *In addition, those who pledge not to have children are awarded a 1oz 24k Gold world medal of honor for serving the duty of your planet for their selfless child-free commitment. AKA If you don't have kids, you don't need to work much. (Through population de-escalation, these people are the real heroes and saviors of planet Earth.) *A married child-free couple may choose to consolidate in one of three ways: A. Consolidate to upgrade into a single 4-acre prepared homestead and each receive 65% ($780usd) UBI payments. C. Consolidate to a single 2-acre prepared homestead and each receive 80% UBI payments ($960us per month). B. Consolidate to upgrade into a non-arable single family home and each receive 85% ($1020usd) UBI payments. D. Consolidate to a single apartment, but each receive 90% ($1,080us) UBI Payments. (It's these individuals that will have the most financial momentum to start a business, be teachers, or become BacheloMaster Degree Students if they choose to pursue higher education with their free time, or for those that love to travel and see the world, and generally be the local economy stimulators.)
  2. For married parents caring for 1 child, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive a 40% UBI ($480). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive a 50% UBI ($600). Option C - If the parents have consolidated to a non-arable single-family home they will each receive a 55% UBI ($660). Option D - If the parents have consolidated to a single apartment they will each receive 60% UBI ($720). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 5 days per week for 20 years. The parents may divide the work days between each other as a 0/5 or 2/3 split for example.* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 65% each until retirement.
  3. For married parents caring for 2 children, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive 25% UBI ($300). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive 30% UBI ($360). Option C - If the parents have consolidated to a non-arable single-family home they will each receive 40% UBI ($480). Option D - If the parents have consolidated to a single apartment they will each receive 45% UBI ($540). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 7 days per week for 20 years. The parents may divide the work days between each other as a 0/7, 2/5, or 3/4 split for example. (The 3/4 split allows someone to always be home for the kids, animals, and vegetable gardens.)* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 55% each until retirement.
  4. Adoption: If a married couple with no children elect to adopt an orphan child they are awarded a 1oz 24k Gold world medal of honor for serving the duty of their planet. In addition to each keeping their 100% UBI payments, they also qualify for an additional 30% UBI payment until that child turns 16 (when they will have Maslow's Physiological needs fulfilled as a birthright).
Experimental Extra Options:
  1. An optional 6 acre prepared homestead capped at 20% UBI Payments.
  2. An optional 10 acre prepared homestead capped at 10% UBI Payments.
Universal conditions: -Individuals cannot sell or sub-lease their single family homes, homesteads, or apartments for profit, since they were prepared by The People of Earth, they inherently belong to The People of Earth. -World adoption of a 2-child limit. -Universal Healthcare -Free Education for All -Retirement age is 65, when you receive 90% UBI (instead of Social Security).
How Maslow's Ark Schooling Would Work: Schools would serve the communities multi-functionally; as food banks, seed banks, internship & job connection centers, and teaching children basic life skills. At the heart of every town city and community, there must be an large agricultural center (not just a vampire w-mart), with all the tools and resources needed to grow fruits, vegetables, care for farm animals, and other things like making compost. I propose combining the agricultural center and school as one system. If hungry people in the community desperately need food or seeds, (since the kids are growing food) they can return to their school for food and cheap supplies, functioning as the backbone and heart of every town. All current schools will be converted into large-scale self sufficient homesteads. The governances of the world will fund the solar and wind-powered system upgrades (making them off-grid which give the students a means to learn these systems). Ages 4-10 would be your standard basic Math, Language, Health, Cooking, and History. In addition, 50% of each school day would be learning how to grow food, raise chickens, milk cows, and maintain all aspects of a homestead. (Children will actually care for 2 reasons: A. Everyone loves baby chickens and B. The kids are promised a homestead at 15, and that's SO MUCH BRIGHT & POSITIVE ENERGY! (Unless they choose the apartment...)) (Every human should know how to be self-sufficient!) It's much better for children to during fresh organic milk and vitamin-rich tomatoes anyways, in those early development years. Ages 11-13 would be training in a more specific life-skill trade. Ages 14-15 would be internships where students go to job-sites to learn and assist the parents in Maslow's Ark homestead preparation. Additionally, the schools may also function as a free wholesome dating and room-mate pairing service as well as free marriages. World Governances would fund schools to build homes, (rather than the traditional mortgage) further making schools central work hubs for internships and parents.
Maslow's jobs may include (and be educationally centered around): -Housing & Apartment Rehabilitation (Carpentry, Electrical, Plumbing, HVAC) -Boosting soil Fertility & Compost Creation -Regional Food Gardening, Nurseries, & Research -Planting Permaculture Trees, Arborist, Lumber Mills -Building Greenhouses & Barns -Wood & Gas eventually replaced by fusion energy electricity plants -Solar, Wind, and Battery Technology/Service -Helping care for thy Elderly & Disabled neighbors -Farm Animal Care & breeding -Property, Homes, and Jobs bank coordinator -Small scale Electric Farm Equipment & Electric vehicle production & service. -Clean Water Production such as wells, ponds, rainwater and desalination. -100% Trash Reuse, Repurpose, & Recycling -Teaching all the aforementioned.
The Economy: Self sufficiency means less tax revenue for the government, but at the same time, (the US government is doing a terrible job at creating jobs and unemployment rates are skyrocketing. Capitalist governments don't care if businesses like w-mart or h-depot bleed towns dry of money and killed all the mom n' pop shops, or let robots take over factories. Between the green new deal, and working for Maslow's Ark homesteads, there would be millions of jobs created for regular every-day people. Every house with a big lawn could be retrofit as a homestead. Parents of kids must work, therefore they get charged taxes on their paychecks. Parents without children have a greater allowance to spend money on taxable goods and services. With The People of Earth circumventing the need to spend the bulk of their lives paying for a mortgage and having money tied into their mortgages, you will see a huge shift in people investing in other assets such as stocks, silver, gold, and bitcoin as a means of generational wealth, as it should be. (Disclaimer* I'm not an economist.) I would love to hear feedback if you agree or disagree that this would work and suggest improvements to make it work better.
In conclusion, my number and % ratios may need some fine tuning, but I believe this is the only functioning groundwork for the way that a simple and fulfilled life should be. I would love to hear feedback and I hope this concept of hybrid homesteading & % Ratio UBI becomes widely known and built upon.
submitted by MindfulMowgli to antinatalism [link] [comments]

This way of life could save the world!

My grandpa once told me: "Listen dipsh*t, if you rely on someone else for your food... then they own you AND your lovely wife."
Well... my crazy grandpa wasn't totally wrong. There is simply too many people on this planet and not enough resources to go around. All the family's generational wealth has been either divided into dust or soaked up by the rich 1%. The division of wealth and power in this world is so unbalanced, it's sick and saddening. Because of this, there are many people struggling who are so tormented and defeated... homeless, unemployed, or working as wage slaves (because overpopulation makes for cheap labor); that they feel like there is no place for them in the future and that suicide is the only option. In our current world, the right to eat, shelter, and drink fresh water are not guaranteed rights to ALL individuals! That fact is absolutely just mind blowing. Who's to blame? Humanity's greed, overpopulation, and poor distribution of efforts and resources, perhaps. (Rant over)
THE ETHICAL SOLUTION of a RADICAL NEW WORLD: In my opinion, The Great Pyramids of Egypt are a simple reminder of Maslow's 6-tier hierarchy of needs. When you take Maslow's pyramid and combined it with a hybrid of Homesteading and Universal Basic Income, something heavenly is born! Regardless of birth race, place, or poverty...I believe all people of earth and all governances should adjoin to fulfill the common goal that each living person has the right to have their Physiological needs met. We NEED to get people gardening and reconnected with their roots! (If we don't, people's nutritionless crappy diets will continue resulting in cancer and disease.) In my opinion, it's what we ALL NEED. I call it Maslow's Ark.
Maslow's Ark - Life on Earth should be modeled after Heaven; with a place and purpose prepared for you when you're born. When born to the Earth, you deserve the right to your basic physiological needs such as food, water, and shelter. (Not to struggle because your dirt poor parents selfishly birthed you to 'duck-tape' their failed marriage together... or because they get a child tax credit! \sarcasm**) We, The United People of Earth in order to transcend Maslow's Physiological needs as a birthright. Achieved by way of hybrid mix of self-sufficient homesteading and Universal Basic Income (UBI) payments. To transform and upgrade shitty land and broken homes into self-sufficient sustainable functional quality 2 or 4 Acre personalized ('green new deal'/ permaculture) homesteads and housing, thereby creating an economy of guaranteed paid jobs with the support of resources from local and world governances centrally focused on preparing places (aka Heavens on earth) for others and future generations. When working for Maslow's Ark, you are essentially doing the work of an Angel. (Biblically speaking, Naoh's Ark was a literal ship, but what is Planet Earth, but one giant Space Ship?) This way of life is my little brain-child and I would like to name it "Maslow's Ark."
We all have Physiological needs to live a fulfilled life. Nobody wants war. Nobody wants death or famine. I want to focus specifically on the 'end-cap' Tiers 1 & 6 of Maslow's pyramid as how they would look if applied to our current world. I think that all countries and individuals with a net wealth over $10m must contribute generously of resources by a majority vote (perhaps) via coordination of the United Nations leverage to kick-start this.
A quick refresher of Maslow's 6-tier pyramid:
Tier 1. Physiological needs - these are biological requirements for human survival, e.g. air, food, water, shelter, clothing, warmth, sex, sleep.
Tier 2. Safety needs - Once an individual’s physiological needs are satisfied, the needs for security and safety become salient. Protection from greed and corruption.
Tier 3. Love and belongingness needs - after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. The need for interpersonal relationships motivates behavior
Tier 4. Esteem needs are the fourth level in Maslow’s hierarchy - which Maslow classified into two categories: (i) esteem for oneself (dignity, achievement, mastery, independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).
Tier 5. Self-actualization needs are the highest level in Maslow's hierarchy, and refer to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences. Maslow (1943) describes this level as the desire to accomplish everything that one can, to become the most that one can be.
Tier 6. Transcendence - the very highest and most inclusive or holistic levels of human consciousness, behaving and relating, as ends rather than means, to oneself, to significant others, to human beings in general, to other species, to nature, and to the cosmos. AKA - To Help other's Self-Actualize, beginning with Physiological Needs.
**How it works, in a nut shell:**If you don't have kids, you're a hero and don't need to work much. If you have 1 child, you must work Part-Time for Maslow's Ark. If you have 2 children, you must work Full-Time for Maslow's Ark.
How it will work in detail (Beta v1.3):
No Children Pledge:
  1. At the age of 15, you graduate from a life skills school and may inherit the choice of either: Option A - Inherit a paid-for 2 acre prepared homestead and receive 70% ($840usd per month) UBI Payments. Option B - Assigned a non-arable rent-free apartment with 80% UBI payments ($960us per month). Option C - You live life freestyle, like in an RV, conversion van, or you're homeless, or a homestead/apartment isn't available or prepared for you yet; you shall receive 100% ($1200) UBI payments. *For either option A,B, or C; the child-free individual must perform volunteer work for Maslow's Ark 1 day per week (4 flexible days per month) for 20 years. *Your choice depends on if you preference for living in-town or out-of-town. (The individual may have the opportunity to switch between these, once every 4 years.) *In addition, those who pledge not to have children are awarded a 1oz 24k Gold world medal of honor for serving the duty of your planet for their selfless child-free commitment. AKA If you don't have kids, you don't need to work much. (Through population de-escalation, these people are the real heroes and saviors of planet Earth.) *A married child-free couple may choose to consolidate in one of three ways: A. Consolidate to upgrade into a single 4-acre prepared homestead and each receive 65% ($780usd) UBI payments. C. Consolidate to a single 2-acre prepared homestead and each receive 80% UBI payments ($960us per month). B. Consolidate to upgrade into a non-arable single family home and each receive 85% ($1020usd) UBI payments. D. Consolidate to a single apartment, but each receive 90% ($1,080us) UBI Payments. (It's these individuals that will have the most financial momentum to start a business, be teachers, or become BacheloMaster Degree Students if they choose to pursue higher education with their free time, or for those that love to travel and see the world, and generally be the local economy stimulators.)
  2. For married parents caring for 1 child, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive a 40% UBI ($480). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive a 50% UBI ($600). Option C - If the parents have consolidated to a non-arable single-family home they will each receive a 55% UBI ($660). Option D - If the parents have consolidated to a single apartment they will each receive 60% UBI ($720). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 5 days per week for 20 years. The parents may divide the work days between each other as a 0/5 or 2/3 split for example.* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 65% each until retirement.
  3. For married parents caring for 2 children, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive 25% UBI ($300). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive 30% UBI ($360). Option C - If the parents have consolidated to a non-arable single-family home they will each receive 40% UBI ($480). Option D - If the parents have consolidated to a single apartment they will each receive 45% UBI ($540). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 7 days per week for 20 years. The parents may divide the work days between each other as a 0/7, 2/5, or 3/4 split for example. (The 3/4 split allows someone to always be home for the kids, animals, and vegetable gardens.)* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 55% each until retirement.
  4. Adoption: If a married couple with no children elect to adopt an orphan child they are awarded a 1oz 24k Gold world medal of honor for serving the duty of their planet. In addition to each keeping their 100% UBI payments, they also qualify for an additional 30% UBI payment until that child turns 16 (when they will have Maslow's Physiological needs fulfilled as a birthright).
Experimental Extra Options:
  1. An optional 6 acre prepared homestead capped at 20% UBI Payments.
  2. An optional 10 acre prepared homestead capped at 10% UBI Payments.
Universal conditions: -Individuals cannot sell or sub-lease their single family homes, homesteads, or apartments for profit, since they were prepared by The People of Earth, they inherently belong to The People of Earth. -World adoption of a 2-child limit. -Universal Healthcare (including birth control) -Free Education for All -Retirement age is 65, when you receive 90% UBI (instead of Social Security).
How Maslow's Ark Schooling Would Work: Schools would serve the communities multi-functionally; as food banks, seed banks, internship & job connection centers, and teaching children basic life skills. At the heart of every town city and community, there must be an large agricultural center (not just a vampire w-mart), with all the tools and resources needed to grow fruits, vegetables, care for farm animals, and other things like making compost. I propose combining the agricultural center and school as one system. If hungry people in the community desperately need food or seeds, (since the kids are growing food) they can return to their school for food and cheap supplies, functioning as the backbone and heart of every town. All current schools will be converted into large-scale self sufficient homesteads. The governances of the world will fund the solar and wind-powered system upgrades (making them off-grid which give the students a means to learn these systems). Ages 4-10 would be your standard basic Math, Language, Health, Cooking, and History. In addition, 50% of each school day would be learning how to grow food, raise chickens, milk cows, and maintain all aspects of a homestead. (Children will actually care for 2 reasons: A. Everyone loves baby chickens and B. The kids are promised a homestead at 15, and that's SO MUCH BRIGHT & POSITIVE ENERGY! (Unless they choose the apartment...)) (Every human should know how to be self-sufficient!) It's much better for children to during fresh organic milk and vitamin-rich tomatoes anyways, in those early development years. Ages 11-13 would be training in a more specific life-skill trade. Ages 14-15 would be internships where students go to job-sites to learn and assist the parents in Maslow's Ark homestead preparation. Additionally, the schools may also function as a free wholesome dating and room-mate pairing service as well as free marriages. World Governances would fund schools to build homes, (rather than the traditional mortgage) further making schools central work hubs for internships and parents.
Maslow's jobs may include (and be educationally centered around): -Housing & Apartment Rehabilitation (Carpentry, Electrical, Plumbing, HVAC) -Boosting soil Fertility & Compost Creation -Regional Food Gardening, Nurseries, & Research -Planting Permaculture Trees, Arborist, Lumber Mills -Building Greenhouses & Barns -Wood & Gas eventually replaced by fusion energy electricity plants -Solar, Wind, and Battery Technology/Service -Helping care for thy Elderly & Disabled neighbors -Farm Animal Care & breeding -Property, Homes, and Jobs bank coordinator -Small scale Electric Farm Equipment & Electric vehicle production & service. -Clean Water Production such as wells, ponds, rainwater and desalination. -100% Trash Reuse, Repurpose, & Recycling -Teaching all the aforementioned.
The Economy: Self sufficiency means less tax revenue for the government, but at the same time, (the US government is doing a terrible job at creating jobs and unemployment rates are skyrocketing. Capitalist governments don't care if businesses like w-mart or h-depot bleed towns dry of money and killed all the mom n' pop shops, or let robots take over factories. Between the green new deal, and working for Maslow's Ark homesteads, there would be millions of jobs created for regular every-day people. Every house with a big lawn could be retrofit as a homestead. Parents of kids must work, therefore they get charged taxes on their paychecks. Parents without children have a greater allowance to spend money on taxable goods and services. With The People of Earth circumventing the need to spend the bulk of their lives paying for a mortgage and having money tied into their mortgages, you will see a huge shift in people investing in other assets such as stocks, silver, gold, and bitcoin as a means of generational wealth, as it should be. What I also know is that when more people are incentivized to not have kids, the proceeding generations have more space and resources. Population de-escalation creates abundance. I theorize for example: 4 or 5generations from now, you might take 3 established fruiting 2 acre homesteads and combine them into a lavish 6 acre homestead for a single couple, where UBI payments become less and less necessary, until no longer needed. In this case, you'd have an abundance of food for sale, trade and barter, and plenty of gold medals inherited from child-free aunts and uncles. This is much more appealing than the choice of an apartment in a city. I think cities would dissipate and skyscrapers be used for vertical farming. (Like Thanos, without all the death.) (Disclaimer* I'm not an economist.) I would love to hear feedback if you agree or disagree that this would work and suggest improvements to make it work better.
In conclusion, my number and % ratios may need some fine tuning, but I believe this is the only functioning groundwork for the way that a simple and fulfilled life should be. I would love to hear feedback and I hope this concept of hybrid homesteading & % Ratio UBI becomes widely known and built upon.
submitted by MindfulMowgli to homestead [link] [comments]

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