Blockchain and its rise in the technological world ...

Why is DeFi Such a Trailblazer?

Why is DeFi Such a Trailblazer?

https://preview.redd.it/6izjyv7p6fm51.png?width=959&format=png&auto=webp&s=4f1d1628fcf071c9c0cb96b2147b4812e7d4f747
Decentralized Finance, or DeFi as it is popularly known, refers to the ecosystem created by decentralized digital financial institutions that are not only democratic but are also capable of operating autonomously, independent of several national and international regulations. DeFi has been garnering a lot of attention these days from everyday investors and institutions alike as more and more people are looking at non-traditional instruments of investments.
In simple terms, DeFi is an attempt to decentralize core traditional financial processes like trading, lending, investing, wealth management, payment and insurance using the blockchain.
DeFi platforms do not need to follow the highly rigid legal system which governs financial systems across the world. This cuts down many hurdles making the process fast and effortless.
Why DeFi is Hot These Days?
The current global scenario is not good for the economy and many nations are facing the brunt of extended lockdowns and near stoppage of almost all economic activities. Spending is down and people are wary of the security and safety of their investments. This has led them to look at alternative methods to create wealth and secure their savings. And DeFi has all the right ingredients to cater to them.
As of the time of writing this article, the total value locked (TVL) in DeFi applications stands at roughly 8.9 billion USD. Now consider the fact that this figure had just reached 1 billion USD in the first week of February. This means a close to 900% rise in TVL in less than seven months. This shows the immense attraction of investors towards DeFi applications.
Today, more than 250 DeFi ecosystems function on the Ethereum, Bitcoin and EOS networks, with multiple asset management tools helping investors to secure their assets.
With High Returns Comes High Risk
While returns on investments have been exciting, there are inherent risks as well, but that comes with any kind of investments, even traditional. With their rising value, many blockchain projects have become very attractive investment options in recent times. This tends to be the right time to tap into these projects for a bumper return later.
While, like many other sectors, there are many fraudulent and underachieving projects, they can be a good option for an investor’s asset portfolio if chosen correctly. In fact, many analysts have gone on record with their concerns about what ill-conceived DeFi projects pumped up by ill-informed investors can mean for the crypto sector in particular and the financial market in general.
In this respect, education about these assets is very important for new investors who are trying to enter this sector. Informed and experienced investors can not only leverage more promising projects but also help the crypto sector grow in general. Yet, unfortunately, there are not many options to learn the process of investing in the crypto sector, about the potentials and limitations of new trends, and about hot financial products in the crypto sector like the DeFi projects.
Bithumb Global Provides a Solution
It is here that Bithumb Global can come in with its innovative products. While Bithumb Global comes from the house of one of Korea’s topmost and most trusted cryptocurrency exchanges — Bithumb. Bithumb has always been an innovator and this innovative DNA is evident in its many novel financial solutions that benefits all kinds of investors.
Bithumb Global Learning is the latest product from the company which tends to break the barrier between investment in practice and learning about investing. The service provides a platform for new investors to get a degree of handholding from experts as well as a chance to learn from peers at the same level of experience.
This service enables users to learn about specific projects which are advertised on the platform and about the opportunities of investing in them. While the users can actually invest in these projects through this service there is a safety net for investors who have failed to grasp the extent of risk involved in the investments. Moreover, the platform is designed to incentivize learning about the projects and the principles of investment in general.
The users who are able to show a consistently higher degree of learning will be rewarded with the tokens of the project and their investments will be leveraged accordingly. However, the users who have failed to demonstrate adequate understanding will be barred from participating in the investment event which will be organized periodically, the investment of such users will be nullified for their own good.
Such platforms help users to learn about new trends in the sector like the DeFi movement and understand them through practical engagement with such projects. In other words, they get a chance to actually become a part of these movements.
Previous Projects and Their Performance with Primary Listing on Bithumb Global
  • OM Token
Mantra DAO was a very interesting project which tried to give the financial control of the company in the hands of the community members and was listed on the Bithumb Global Learning platform. The OM token was pumped 15X after pre-sale. It soared from 0.04$ to 0.6$. 18,000,000 OM were sold out in 2 days on the BG Staking.
  • CREDIT Token
It is a platform for cross-chain derivative issuance and peer-to-peer lending. The token saw a more than 3X surge after its primary listing on the Bithumb Global and is currently trading at more than 2X listing price. The project got more than 463,000+ votes on BG learning and the staking interest for the project was up to 88%.
  • SXP Token
Swipe is a reputed blockchain-based payments platform, which aims to increase the usability of crypto assets for everyday transactions. After the project was listed on the Bithumb Global, the token was pumped 5X.

https://preview.redd.it/sksg93br6fm51.png?width=1024&format=png&auto=webp&s=c6c03400e5aec1b4837b979b8aff3ad2244058b3
Welcome to the BG DeFi Paradise
DeFi is gradually changing the face of the financial markets through its innovative decentralized solutions. While risks remain, learning consistently from experts can negate instances of losses, while leveraging real information to gain profits. Bithumb Global’s services have not only given opportunities for new investors, but it has helped DeFi projects get higher recognition as well. Bithumb Global continues to blaze the fintech innovation trail with novel offerings that will lead the decentralized finance movement.
submitted by BithumbGlobal to BithumbGlobal [link] [comments]

Why is DeFi Such a Trailblazer?

Why is DeFi Such a Trailblazer?
https://preview.redd.it/9sqq6pimc1m51.png?width=959&format=png&auto=webp&s=78d9d49c50e278dfe9b9644fbbd9a5d381635165
Decentralized Finance, or DeFi as it is popularly known, refers to the ecosystem created by decentralized digital financial institutions that are not only democratic but are also capable of operating autonomously, independent of several national and international regulations. DeFi has been garnering a lot of attention these days from everyday investors and institutions alike as more and more people are looking at non-traditional instruments of investments.
In simple terms, DeFi is an attempt to decentralize core traditional financial processes like trading, lending, investing, wealth management, payment and insurance using the blockchain.
DeFi platforms do not need to follow the highly rigid legal system which governs financial systems across the world. This cuts down many hurdles making the process fast and effortless.
Why DeFi is Hot These Days?
The current global scenario is not good for the economy and many nations are facing the brunt of extended lockdowns and near stoppage of almost all economic activities. Spending is down and people are wary of the security and safety of their investments. This has led them to look at alternative methods to create wealth and secure their savings. And DeFi has all the right ingredients to cater to them.
As of the time of writing this article, the total value locked (TVL) in DeFi applications stands at roughly 8.9 billion USD. Now consider the fact that this figure had just reached 1 billion USD in the first week of February. This means a close to 900% rise in TVL in less than seven months. This shows the immense attraction of investors towards DeFi applications.
Today, more than 250 DeFi ecosystems function on the Ethereum, Bitcoin and EOS networks, with multiple asset management tools helping investors to secure their assets.
With High Returns Comes High Risk
While returns on investments have been exciting, there are inherent risks as well, but that comes with any kind of investments, even traditional. With their rising value, many blockchain projects have become very attractive investment options in recent times. This tends to be the right time to tap into these projects for a bumper return later.
While, like many other sectors, there are many fraudulent and underachieving projects, they can be a good option for an investor’s asset portfolio if chosen correctly. In fact, many analysts have gone on record with their concerns about what ill-conceived DeFi projects pumped up by ill-informed investors can mean for the crypto sector in particular and the financial market in general.
In this respect, education about these assets is very important for new investors who are trying to enter this sector. Informed and experienced investors can not only leverage more promising projects but also help the crypto sector grow in general. Yet, unfortunately, there are not many options to learn the process of investing in the crypto sector, about the potentials and limitations of new trends, and about hot financial products in the crypto sector like the DeFi projects.
Bithumb Global Provides a Solution
It is here that Bithumb Global can come in with its innovative products. While Bithumb Global comes from the house of one of Korea’s topmost and most trusted cryptocurrency exchanges — Bithumb. Bithumb has always been an innovator and this innovative DNA is evident in its many novel financial solutions that benefits all kinds of investors.
Bithumb Global Learning is the latest product from the company which tends to break the barrier between investment in practice and learning about investing. The service provides a platform for new investors to get a degree of handholding from experts as well as a chance to learn from peers at the same level of experience.
This service enables users to learn about specific projects which are advertised on the platform and about the opportunities of investing in them. While the users can actually invest in these projects through this service there is a safety net for investors who have failed to grasp the extent of risk involved in the investments. Moreover, the platform is designed to incentivize learning about the projects and the principles of investment in general.
The users who are able to show a consistently higher degree of learning will be rewarded with the tokens of the project and their investments will be leveraged accordingly. However, the users who have failed to demonstrate adequate understanding will be barred from participating in the investment event which will be organized periodically, the investment of such users will be nullified for their own good.
Such platforms help users to learn about new trends in the sector like the DeFi movement and understand them through practical engagement with such projects. In other words, they get a chance to actually become a part of these movements.
Previous Projects and Their Performance with Primary Listing on Bithumb Global
  • OM Token
Mantra DAO was a very interesting project which tried to give the financial control of the company in the hands of the community members and was listed on the Bithumb Global Learning platform. The OM token was pumped 15X after pre-sale. It soared from 0.04$ to 0.6$. 18,000,000 OM were sold out in 2 days on the BG Staking.
  • CREDIT Token
It is a platform for cross-chain derivative issuance and peer-to-peer lending. The token saw a more than 3X surge after its primary listing on the Bithumb Global and is currently trading at more than 2X listing price. The project got more than 463,000+ votes on BG learning and the staking interest for the project was up to 88%.
  • SXP Token
Swipe is a reputed blockchain-based payments platform, which aims to increase the usability of crypto assets for everyday transactions. After the project was listed on the Bithumb Global, the token was pumped 5X.
https://preview.redd.it/0mm13xcoc1m51.png?width=1024&format=png&auto=webp&s=bb40148a5e2cb897f04097bf5a4176c970c7750d
Welcome to the BG DeFi Paradise
DeFi is gradually changing the face of the financial markets through its innovative decentralized solutions. While risks remain, learning consistently from experts can negate instances of losses, while leveraging real information to gain profits. Bithumb Global’s services have not only given opportunities for new investors, but it has helped DeFi projects get higher recognition as well. Bithumb Global continues to blaze the fintech innovation trail with novel offerings that will lead the decentralized finance movement.
submitted by BithumbGlobal to BithumbGlobal [link] [comments]

Bernie gains key Gen Z, Millennial & Libertarian support when he accepts cryptocurrency campaign contributions!

Beyond his unwavering support for Net Neutrality, Bernie's plan to invest $150B in a "resilient, affordable, publicly owned broadband infrastructure" addresses core issues for many Gen Z, Millennial & Libertarian voters. Likewise, Bernie's Fair Banking For All proposal to increase financial access and opportunity for all, resonates with the core desire of many of us who want to decentralize finance.
As a long-time Berner, I want to see Bernie gain broader support in these circles and I believe he can do that by taking a clear stance in favor of cryptocurrency.
For starts, just by accepting cryptocurrency campaign donations, Bernie can stand out from every other remaining candidate for POTUS in 2020, including Trump
Accepting donations in crypto will draw the attention of key influencers in technology--those who get the revolutionary/disruptive political-economic potential of blockchain tech--especially the Ethereum community--the largest (by developer-participation), highest potential, and fastest growing blockchain; a peer-to-peer "smart money" enabling decentralized finance (DeFi) on the internet globally right now.
Bernie should get publicly behind this politically and economically revolutionary, decentralized, 3rd way permission-less political-economy precisely because the Ethereum community would be delighted to enable our movement to successfully achieve our largest goals much more rapidly. And we know that--in the context of our climate emergency--time IS our greatest constraint.
So far, like Biden (and unlike Yang...), Bernie's has an ambivalent position on DeFi. This despite the facts: DeFi is already disrupting the global financial system; DeFi is clearly key to decentralizing and democratizing access to finance that is transparent, immutable, authentic, and autonomous.
Bernie has the opportunity to define the terms of the debate on this issue and the fact is, 43% of Gen Z and Millennials already believe cryptocurrency could replace the US financial system TODAY...by directly disintermediating billionaire control and directly replacing centralized banking with decentralized peer-to-peer financial apps that live in any smartphone on the planet!
By integrating DeFi into his Fair Banking For All plan, Bernie can immediately enable every post office location in the US to quickly offer powerful, affordable and decentralized banking services, ensuring everyone's independence from predatory banksters and direct community control of our collective financial opportunities. This will enable us to automatically direct revenue toward funding community-controlled projects to directly create employment...projects like the Green New Deal, M4A, worker-owned and controlled small-business enterprises, and much much more--without having to wait for permission or funding from ANY centrally-controlled administrative bureaucracy.
Think of it! With DeFi, all of our communities can actively and directly define and fund what we're creating with our labor power, exactly how and with whom we're doing it, and which communities are benefiting from our collective efforts!
By embracing modern cryptoeconomic theory--the theoretic foundation of DeFi on Ethereum and other emerging decentralized apps--Bernie can significantly expedite adoption of a revolutionary new peer-to-peer model of public finance, one that enables communities of ANY size to directly define and fund crucial social programs both locally and globally, all automatically, transparently, immutably, and authentically simply by interacting with DeFi apps, without needing participation or permission from centrally controlled banks and other corrupt middlemen.
Yes, our movement IS making the vested interests of the legacy establishment "very nervous." Now we also have a way to make wealth-elites completely obsolete!
Not me. US!
submitted by RogerThat002 to WayOfTheBern [link] [comments]

r/Bitcoin recap - July 2019

Hi Bitcoiners!
I’m back with the 31st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in July 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Reasons to believe Julian Assange is in CIA custody and WikiLeaks under duress.

UPDATE (11/01/2017 - UK Date Format): Julian Assange is alive and still in the Embassy. He confirms WikiLeaks has not been compromised. Julian took questions from the Reddit AmA but answered them via live, current and interactive video. He did this very intentionally, and by so doing, was true to his word. Watch a recording of the live event here:
https://www.youtube.com/watch?v=rC2EjKYMCeg
On the 26th of September 2016 Secretary of State John Kerry (self admitted Skull and Bones member) visited Colombia. WikiLeaks reported that inside sources had confirmed that John Kerry also met with Ecuadorean President Rafael Correa in Ecuador to personally ask Ecuador to stop Assange from publishing documents about Clinton. This was initially fervently denied in the press only later to be confirmed by the Ecuadorian embassy who admitted cutting off Julian’s internet due to pressure from the US. Ecuador wanted to appear impartial.
For over four years, the Ecuadorian embassy has been under surveillance and Julian's human rights violated as he has been unlawfully detained termed "illegal arbitrary detention" by a recent UN ruling. During that time, it has been possible for intelligence agencies to gather critical information and build a detailed profile and plan to circumvent Julian's dead man's switch.
Both John Kerry and US intelligence agencies know perfectly well that cutting off Julian's internet would have no impact on the release of the leaked emails that are damaging to Hillary's campaign. It has been very clear for a long time that many US officials wanted Julian Assange dead, Hillary Clinton even has remarked, "can't we just drone the guy".
The cutting off of Julian's internet access was not for the purpose of preventing the leaks of the Podesta and Hillary emails. Unless intelligence agencies are truly inept, they know that media organisations already have the entire leaked email database and a schedule for release, they also know WikiLeaks staff would continue to leak regardless of Julian's ability to communicate.
Removing Assange would not be enough, they would need to circumvent his dead man's switch and then tarnish WikiLeaks reputation. Removing Assange's internet could have the effect of causing Assange to take steps that can be followed to prevent the automatic triggering of his DMS.
From the day Julian's internet was cut off, a series of peculiar and uncharacteristic events started to take place. The same day that Julian's internet was cut off, CBS reported that Pamela Anderson visited Assange and had "Tortured" him with a vegan sandwich. A few days before on the 14th, John Podesta tweeted "I bet the lobster risotto is better than the food at the Ecuadorian Embassy". Then on October the 16th the SHA-256 prerelease keys were issued on WikiLeaks twitter feed, although these events are odd and seemingly inconsequential, combined with John Kerry being in the UK from the 16th to the 17th sparked concern among the community for Julian's safety.
Assange supporters started to gather at the embassy to keep Assange safe and witness any foul play, some of these witnesses have claimed that a very swift police armed raid took place that lasted only 5 minutes while the crowd was kept under control and prevented from approaching, there have also been reports that they were prevented from taking photographs and that their phones were confiscated. A live periscope feed was also cut off. There have also been some reports of the presence of a mobile jamming van.
If Assange has been seized, any recognition by mainstream media would be detrimental to Hillary's campaign. A covert operation with media blackout would be the only effective way of seizing him at this time. On October the 18th Fox News said that Julian Assange would be "arrested soon, maybe in a matter of hours.". The was video was then promptly removed and articles relating to it have disappeared. However, one reddit user was able to find an alternative source and now the video can be found again on YouTube.
Although Julian's primary DMS (the release of insurance file encryption keys) did not activate, on October the 18th one of Julian's contingencies did activate, a script was activated that made https://file.wikileaks.org/file publicly visible and set all the file date and time stamps to 01/01/1984 (Orwell reference). This file repository contains many documents that had not been released prior.
Staffers Kristinn Hrafnsson and Sarah Harrison, have gone silent while the Ecuadorian embassy is refusing to provide any updates on Assange’s fate. There is a recorded call made to the embassy by a journalist where the receptionist refused to confirm that Julian was at the embassy, she also refused to confirm that Julian was even alive. Julian has not made an appearance at the window of the embassy since being cut off.
WikiLeaks suggested in a tweet that its supporters were responsible for the DDOS attacks on the 21st. Neither Assange or WikiLeaks would ever insinuate such a thing. WikiLeaks deceptively tweeted a video of Michael Moore that was actually recorded in June. The video was posted on the 24th of October giving the impression that Michael Moore had been speaking with Assange in the embassy. Why would WikiLeaks do this when they know they are already under suspicion?
WikiLeaks have been using their Twitter account to give the appearance of his safety while providing no concrete evidence of his safety. They issued a poll asking what proof would satisfy the public that Julian was safe. WikiLeaks have yet to follow up on the conclusive result of a video or window appearance.
Julian Assange is known for his attention to detail and his consistently good spelling and grammar. Currently the twitter feed has very poor spelling, there are numerous uncharacteristic spelling errors, for example, an accomplished cryptographer knows how to correctly spell algorithm and so do WikiLeaks staff.
On the 21st of October, there was a massive widespread DDOS attack that disrupted US and EU internet. Also on the 21st of October London City Airport was evacuated. The next day (the 22nd), Gavin MacFayden is reported dead. WikiLeaks made a further blunder by stating his death as the 23rd.
There has been a number of high level WikiLeaks deaths recently too. John Jones QC - WikiLeaks U.N. lawyer died on April 16th 2016. Michael Ratner - WikiLeaks chief counsel died on May 11th 2016. Seth Rich - Employee of the Democratic National Committee (DNC) was fatally shot on July 10th 2016 and Gavin MacFadyen - WikiLeaks director died October 22nd 2016.
If WikiLeaks has been compromised, it is already preparing the scene for future discrepancy to seriously tarnish WikiLeaks reputation. Nothing WikiLeaks has shared since the 15th of October 2016 should be trusted until Julian has been fully verified as alive.
My speculative fears are that Julian has been seized and removed from the Embassy. His internet being cut not being related to the release of the emails, but rather as a component of a plan of 4 years in the making to as secretly as possible remove Assange from the embassy, circumvent his DMS and hijack WikiLeaks with the key team members silenced or under duress.
My fears would be confirmed by no future public (mass witnessing and recorded/televised) appearance of Julian Assange discussing recent topics. His death by whatever means after the US presidential election would be extremely suspect. Until proof of life, assume the following compromised:
SHA-256 verification Keys posted after the 15th. WikiLeaks submission process and/or platform. WikiLeaks twitter feed. Any WikiLeaks leaks after the 15th October 2016.
EDIT: (01/11/2016 - 17:18GMT) URL and spelling corrections.
EDIT: Update 16/12/2016
Why demanding proof that WikiLeaks is not compromised is necessary:
https://www.facebook.com/events/309760466089922/ (PoL Event @ Ecuadorian Embassy London 17th December 2016) – If you live in the UK please come and let’s get REAL PoL. Please circulate.
1) Still no PGP (GPG) signed short message from WikiLeaks. 2) RiseUp’s warning canary may be dead (RiseUp is believed to host WL Twitter email account) 3) Julian’s internet hasn’t been restored as promised 4) The pre-commitment file hashes released in October do not match the released insurance files 5) Julian’s Swedish defense lawyer Per Samuelson was denied access during case questioning. No one actually saw Julian through the whole process.
Additional points:
-UK disregard for international law -Capabilities of combined intelligence agencies -WikiLeaks down on October 17th -Mass censorship -WikiLeaks reposting old stuff -See timelines below
Various timelines, some with minor errors: https://www.reddit.com/WikileaksTimeline/wiki/index https://www.reddit.com/WhereIsAssange/comments/5dmr57/timeline_of_events_regarding_julian_assange_and/ https://regated.com/2016/11/julian-assange-missing/
[Still no PGP (GPG) signed short message from WikiLeaks] Watch this https://youtu.be/GSIDS_lvRv4 video for a simple and good explanation of public/private key cryptography. Here https://riseup.net/en/canary is an example of how a legitimate cryptographically capable organisation uses PGP to sign a message and prove authenticity. WikiLeaks has this setup too. Why do they not use it and prove they are not compromised?
WikiLeaks could easily do this. They have their private key. The public has WikiLeaks public key. Even if Julian isn’t in possession of the key, WL most certainly is, no excuse for WL not to prove themselves. This has been heavily requested of WikiLeaks. I’d like to hear from the individuals who claim that their requests were removed (please leave comments). Of all the red flags, not posting a PGP signed message is by far the most damming. If we are to believe that the person in the audio recording at the FCM 2016 is Julian Assange, then what he says about the keys is missing the point. If he himself is not in possession of the key, then WikiLeaks will be. If WikiLeaks use the key to prove themselves, then we know they are not compromised. By extension, we will also be assured that Julian is safe as an uncompromised WikiLeaks would be in a position to confirm his safety and be believed. This audio file includes everything that he says regarding PGP keys: http://picosong.com/UyVw/ (I am not convinced this is Julian).
[RiseUp’s warning canary may be dead (RiseUp is believed to host WL Twitter email account)] RiseUp is an activist ISP providing secure services to activists. Its mission is to support liberatory social change via fighting social control and mass surveillance through distribution of secure tools (https://en.wikipedia.org/wiki/Riseup). RiseUp use a warrant canary as a means to protect their users in case RiseUp are ever issued with a NSL or gag order etc (https://riseup.net/en/canary). This is renewed quarterly, assuming no warrant has been issued. However, this is now considerably overdue so the assumption is that the canary is dead, and just like the canaries used in coal mines, everyone should get the hell out of there when it dies. https://theintercept.com/2016/11/29/something-happened-to-activist-email-provider-riseup-but-it-hasnt-been-compromised/. I would be grateful if someone could provide a source for the WikiLeaks twitter email account being hosted by RiseUp.
[Julian’s internet hasn’t been restored as promised] https://twitter.com/wikileaks/status/787889195507417088 https://twitter.com/wikileaks/status/788099178832420865 On the 26th of September 2016 Secretary of State John Kerry visited Colombia. WikiLeaks reported that inside sources had confirmed that John Kerry also met with Ecuadorean President Rafael Correa in Ecuador to personally ask Ecuador to stop Assange from publishing documents about Clinton. This was initially fervently denied in the press only later to be confirmed by the Ecuadorian Embassy who admitted cutting off Julian’s internet due to pressure from the US. Ecuador wanted to appear impartial.
Both John Kerry and US intelligence agencies knew perfectly well that cutting off Julian's internet would have no impact on the release of the leaked emails that were damaging to Hillary's campaign. The cutting off of Julian's internet access was not for the purpose of preventing the leaks of the Podesta and Hillary emails. Unless intelligence agencies are truly inept, they knew that media organisations already have the entire leaked email database and a schedule for release, they also knew WikiLeaks staff would continue to leak regardless of Julian's ability to communicate.
Now it is long after the election and Ecuador have still not restored Julian’s internet. Ecuador have no grounds to continue to restrict Julian’s internet. It does nothing apart from increase tensions and raise suspicion. Ecuador have always been supportive of Julian. However, after John Kerry applied pressure on Ecuador, that whole dynamic changed. Ecuador cut Julian's Internet. He then essentially threatened Ecuador, the UK and John Kerry by submitting those pre-commitment file hashes on Twitter. Since then we have only seen hostility towards Julian from all three parties. Ecuador didn't restore his internet and didn't let his lawyer interview him and no one actually saw him. The U.K. Denied him access to Gavin's funeral and denied him access to medical treatment. The UK also continually disregard the UN. The dynamic now is totally different. He has no political friends. It seems that both the UK and Ecuador are now working against Julian and Wikileaks. An environment where a collaborated siege would be feasible.
Finally, many have speculated about mobile signals being blocked at the Embassy. I can confirm that there is 4G signal right outside the Embassy door. I was there, with my phone, and tested it. There is no reason to think Julian cannot use a MiFi device (or similar) connected to a cellular network.
[The pre-commitment file hashes released in October do not match the released insurance files] Here are the October tweets with the file hashes:
https://twitter.com/wikileaks/status/787777344740163584 https://twitter.com/wikileaks/status/787781046519693316 https://twitter.com/wikileaks/status/787781519951720449
These 3 pre-commitment Twitter posts are SHA-256 file hashes. SHA-256 file hashes are 64 characters long. They are not encryption keys for insurance files. They simply are a mathematical formula for verifying that later released files are genuine and have not been altered.
These hashes were released because Julian felt threatened and in increased danger. They specifically targeted the UK FCO, Ecuador and John Kerry. All of whom are key players in his current predicament. On November 7th, WikiLeaks released 3 new insurance files. These files names match the names given in the pre-commitment hash tweets:
2016-11-07_WL-Insurance_EC.aes256 2016-11-07_WL-Insurance_UK.aes256 2016-11-07_WL-Insurance_US.aes256
EC = Ecuador, UK = UK FCO, US = John Kerry. Soon after these files were released, the 3 files hashes were compared to the 3 hashes posted on the 16th of October. They did not match. When this was brought to WikiLeaks attention, WikiLeaks released the following statement in a tweet: https://twitter.com/wikileaks/status/798997378552299521
“NOTE: When we release pre-commitment hashes they are for decrypted files (obviously). Mr. Assange appreciates the concern.”
This firstly proved that the hashes and the insurance files were related (a fact that was already clear). Secondly, it was a lie, as it implied historical use of pre-commitment hashes in this manner. Thirdly, the (obviously) comment was also a deception and an insult to supporters. It was not obvious to anyone, not even to our crypto guys in /cryptography/, on the contrary, they thought it highly suspicious. Additionally, what they suggest would be absolutely pointless. Pointless as a threat, as the UK, Ecuador and John Kerry would have no practical way of identifying the documents to confirm the threat. There's absolutely no scenario where an uncompromised WikiLeaks would either post bad file hashes or altered insurance files.
[Julian’s Swedish defense lawyer Per Samuelson was denied access during case questioning] This is highly unusual and very suspicious. Also, Jennifer Robinson was not in the room with Assange. https://www.youtube.com/watch?v=MYR0Pw9LfUQ&feature=youtu.be&t=9m55s and neither was the chief prosecutor http://www.bbc.co.uk/news/world-europe-37972528 “Swedish chief prosecutor Ingrid Isgren will not speak to Mr Assange directly”.
[UK disregard for international law] The UK threat is very real. Back in August 2012 the UK was poised to break international law citing the Diplomatic and Consular Premises Act of 1987 as a basis for entering the Embassy and arresting Assange (http://www.bbc.co.uk/news/world-19259623). It all became very public, very quickly and fortunately never happened (http://www.telegraph.co.uk/news/worldnews/southamerica/ecuado9488996/Ecuadors-president-raiding-embassy-to-snatch-Julian-Assange-suicidal.html). I expressed my concern at the time that the UK shouldn’t have even been contemplating such action, let alone threatening it in writing to Ecuador. More recently, the UK disregarded the UN ruling that Julian Assange was being arbitrarily detained (https://www.theguardian.com/media/2016/feb/04/julian-assange-wikileaks-arrest-friday-un-investigation). The UK appealed, and then finally lost their appeal in November (https://www.rt.com/news/368746-un-ruling-free-assange/). Julian has also been refused to leave the Embassy with a police escort for medical treatment as well as denied to attend Gavin MacFadyen’s funeral. The UK’s behaviour is appalling and clearly has no respect for international law. The reported raid on the Embassy during the latter part of October seems more plausible when taken in the context of past behavior.
This is the Britain I now live in: http://www.independent.co.uk/life-style/gadgets-and-tech/news/investigatory-powers-bill-act-snoopers-charter-browsing-history-what-does-it-mean-a7436251.html. I never used to be ashamed to be British.
[Combined capabilities of intelligence agencies] We know much about the combined powers of the intelligence agencies. We know what they are capable of, thanks to the leaks of Edward Snowden. The combined powers of the NSA, CIA and the UK’s GCHQ are capable of pulling off such a massive takeover of Wikileaks. We know the NSA works with other US intelligence agencies, we know that the NSA works with GCHQ.
We know about Tempora, we know about JTRIG, we know about PRISM, we know about HAVOK. We know that websites can be altered on the fly, we know that real-time voice profiling is trivial for these agencies. We know that censorship is happening.
https://usnewsghost.wordpress.com/2014/07/15/new-july-14-edward-snowden-nsa-leaks-gchq-attacks-and-censors-internet-nsa-leaks-recent/ http://www.independent.co.uk/life-style/gadgets-and-tech/gchqs-favourite-memes-and-sexual-slang-reveals-a-shared-culture-with-trolls-and-hackers-9608065.html https://en.wikipedia.org/wiki/Tempora https://en.wikipedia.org/wiki/PRISM_(surveillance_program)
The NSA has a remit to be 10 years ahead of the curve. We have commercial products that can be purchased off the shelf today that can easily manipulate audio and video. Just imagine what the NSA and the military are capable of.
Real time facial manipulation: https://www.youtube.com/watch?v=ohmajJTcpNk Signs of editing: https://www.youtube.com/watch?v=2O9t_TEE1aw. Both Julian Assange and John Pilger are not filmed together at any time during the interview. There is also no establishing shot. It is also claimed that Assange’s audio is spliced and edited. No recent events mentioned by Assange, only Pilger. Unfortunately, this interview is not sufficient proof of life.
What the NSA can’t do, is that they cannot break PGP encryption. This has been expressed by Glenn Greenwald who was one of the journalists that Edward Snowden leaked to. He commented that he knows how secure PGP is because the NSA keep moaning about not being able to crack it in their documents he is reading. This is another reason why a signed PGP message can be the only true proof that WL isn’t compromised. Mathematics cannot lie, people can and do. A compromised WL can’t sign a message without the private key. Edward Snowden revealed that in 2013 the NSA were capable of 3 trillion password attempts per second. As it is now almost 2017, that number will likely be multiple times higher (anywhere between 9 to 15 trillion attempts per second would be my guess based on Moore’s law).
https://en.wikipedia.org/wiki/Joint_Threat_Research_Intelligence_Group https://en.wikipedia.org/wiki/Tempora https://en.wikipedia.org/wiki/PRISM_(surveillance_program) https://www.schneier.com/gchq-catalog/ https://en.wikipedia.org/wiki/Government_Communications_Headquarters
[WikiLeaks down on October 17th] The alleged raid on the Embassy supposedly took place on the 17th just after 1am GMT. On Monday the 17th of October 2016 WikiLeaks website was reported down (http://www.isitdownrightnow.com/wikileaks.org.html expand the comments) https://postimg.org/image/6t68fe4kj/. The internet was alive with reports of mass censorship around this time. This all coincides with when the alleged WikiLeaks takeover occurred. It also coincides with John Kerry being in the UK.
[Christine Assange audio only radio interview] Julian's family had their identities changed quite a few years ago after receiving death threats. It is odd that his mother has now revealed herself to a news agency. If you do a YouTube search for Christine Assange (her original name), you'll find all the videos are older than 3 years. She's in hiding, not openly talking on radio shows (https://en.wikipedia.org/wiki/Julian_Assange scroll down to the personal life section).
[WikiLeaks bitcoin account was emptied on the 18th of November] Interestingly it was after the bitcoin account was emptied that the encoded message in the blockchain was left. Why would WikiLeaks go to all that trouble when they could just sign a message with their PGP key? Is it because bitcoin accounts can be cracked and the PGP keys can’t?
[Mass censorship] Facebook is censoring this event (https://www.facebook.com/events/309760466089922/). It has been advertised for weeks now any only a handful of people are attending. Recently Wikileaks was live on FB. 50% of the viewers (roughly 2.5k) were commenting #PoL, #Whereisassange, RIP etc. The live event was only a prerecorded video being played in loop. Once it concluded, the whole Live event along with all the comments including the comments asking for PoL and PGP signed message were deleted. It was as if it never took place. When Julian’s DMS had supposedly been activated, I saw posts in threads being deleted within minutes. Supposedly with encryption keys, but it all happened too fast for anyone to collate. I took PDF printouts of the pages and then later noticed that posts and entire links were taken down. I have PDF's of pages that now no longer exist. I've been following this since mid-October and seen the censorship first hand. I know many people here on reddit witnessed the same (please comment with your experiences).
[WikiLeaks reposting old stuff] There are many examples of this already mentioned in the timelines. One for example is the Palantir Technologies report. Palantir Technologies prepared a report on how to destroy WikiLeaks that was leaked in 2011. The proposal was submitted to Bank of America through its outside law firm, Hunton & Williams. Palantir later apologised for their involvement. But WikiLeaks has recently regurgitated it as if it was new. There are many examples of this. I have watched as WikiLeaks have increasingly destroyed their credibility.
submitted by neonnexus to conspiracy [link] [comments]

MeWe: A trip report

Among the more frequently mentioned G+ alternatives at the Google+ Mass Migration community, and others, is MeWe with over 250 mentions. The site bills itself as "The Next-Gen Social Network" and the "anti-Facebook": "No Ads, No Political Bias, No Spyware. NO BS. It is headed by professed Libertarian CEO Mark Weinstein.
As the site reveals no public user-generated content to non-members, it's necessary to create an account in order to get a full impression. I thought I'd provide an overview based on recent explorations.
This report leads of with background on the company, though readers may find the report and analysis of specific groups on the site of interest.

Leadership

Founder & CEO Mark Weinstein.
Co-Founder & Chief Scientist, Jonathan Wolfe (no longer with company).
Weinstein previously founded SuperFamily and SuperFriends, "at the turn of the millennium". Weinstein's MeWe biography lists articles published by The Mirror (UK), Huffington Post, USA Today, InfoSecurity Magazine, Dark Reading, and the Nation. His media appearances include MarketWatch, PBS, Fox News, and CNN. He's also the author of several personal-success books.
His Crunchbase bio is a repeat of the MeWe content.

Advisory Board

Ownership & Investment

MeWe is the dba of Sgrouples, a private for-profit early-stage venture company based in Los Angeles, though with a Mountain View HQ and mailing address, 11-50 employees, with $10m in funding over five rounds, and a $20m valuation as of 2016.
Sgrouples, Inc., dba MeWe Trust & Safety - Legal Policy c/o Fenwick West 801 California Street Mountain View, CA 94041
Crunchbase Profile.
Founded: 2012 (source)
Secured $1.2M in seed funding in 2014.
2016 valuation: $20m (source]
Backers:
Despite the business address, the company claims to be based in Los Angeles County, California and is described by the Los Angeles Business Journal as a Culver City, CA, company.

Business

Policy

In an August 6, 2018 Twitter post, Weinstein promotes MeWe writing:
Do you have friends still on Facebook? Share this link with them about Facebook wanting their banking information - tell them to move to MeWe now! No Ads. No Spyware. No Political Agenda. No Bias Algorithms. No Shadow Banning. No Facial Recognition.
MeWe provide several policy-related links on the site:
Highlights of these follow.

Privacy

The privacy policy addresses:

Terms of Service

The ToS addresses:
Effective: November 6, 2018.

FAQ

The FAQ addresses:

Values

This emphasises that people are social cratures and private people by right. The service offers the power of self expression under an umbrella of safety. It notes that our innermost thoughts require privacy.
Under "We aspire...":
MeWe is here to empower and enrich your world. We challenge the status quo by making privacy, respect, and safety the foundations of an innovatively designed, easy-to-use social experience.
Totalling 182 words.

Privacy Bill of Rights

A ten-item statement of principles (possibly inspired by another document, it might appear):
  1. You own your personal information & content. It is explicitly not ours.
  2. You will never receive a targeted advertisement or 3rd party content based on what you do or say online. We think that's creepy.
  3. You see every post in timeline order from your friends, family & groups. We do not manipulate, filter, or change the order of your content or what you see.
  4. Permissions & privacy are your rights. You control them.
  5. You control who can access your content.
  6. You control what, if anything, others can see in member searches.
  7. Your privacy means we do not share your personal information with anyone.
  8. Your emojis are for you and your friends. We do not monitor or mine your data.
  9. Your face is your business. We do not use facial recognition technology.
  10. You have the right to delete your account and take your content with you at any time.

Press

There are a few mentions of MeWe in the press, some listed on the company's website, others via web search.

Self-reported articles

The following articles are linked directly from MeWe's Press page:
The page also lists a "Privacy Revolution Required Reading" list of 20 articles all addressing Facebook privacy gaffes in the mainstream press (Wired, TechCrunch, Fortune, Gizmodo, The Guardian, etc.).
There are further self-reported mentions in several of the company's PR releases over the years.

Other mentions

A DuckDuckGo search produces several other press mentions, including:

Technology

This section is a basic rundown of the user-visible site technology.

Mobile Web

The site is not natively accessible from a mobile Web browser as it is overlayed with a promotion for the mobile application instead. Selecting "Desktop View" in most mobile browsers should allow browser-based access.

Mobile App

There are both Android and iOS apps for MeWe. I've used neither of these, though the App store entries note:
Crunchbase cites 209,220 mobile downloads over the past 30 days (via Apptopia), an 80.78% monthly growth rate, from Google Play.

Desktop Web

Either selecting "View Desktop" or navigating with a Desktop browser to https://www.mewe.com your are presented with a registration screen, with the "About", "Privacy Bill of Rights", "MeWe Challenge", and a language selector across the top of the page. Information requested are first and last name, phone or email, and a password. Pseudonymous identities are permitted, though this isn't noted on the login screen. Returning members can use the "Member Log In" button.
The uMatrix Firefox extension reveals no third-party content: all page elements are served from mewe.com, img.mewe.com, cdn.mewe.com, or ws.mewe.com. (In subsequent browsing, you may find third-party plugins from, for example, YouTube, for videos, or Giphy, for animated GIFs.)
The web front-end is nginx. The site uses SSL v3, issued by DigiCert Inc. to Sgrouples, Inc.

Onboarding

The onboarding experience is stark. There is no default content presented. A set of unidentified icons spans the top of the screen, these turn out to be Home, Chats, Groups, Pages, and Events. New users have to, somehow, find groups or people to connect with, and there's little guidance as to how to do this.

Interface

Generally there is a three panel view, with left- and right-hand sidebars of largely navigational or status information, and a central panel with main content. There are also pop-up elements for chats, an omnipresent feature of the site.
Controls display labels on some devices and/or resolutions. Controls do not provide tooltips for navigational aid.

Features

Among the touted features of MeWe are:

Community

A key aspect of any social network is its community. Some of the available or ascertained information on this follows.

Size

Weinstein claims a "million+ following inside MeWe.com" on Twitter.
The largest visible groups appear to have a maximum of around 15,000 members , for "Awesome gifs". "Clean Comedy" rates 13,350, and the largest open political groups, 11,000+ members.
This compares to Google+ which has a staggering, though Android-registrations-inflated 3.3 billion profiles, and 7.9 million communities, though the largest of these come in at under 10 million members. It's likely that MeWe's membership is on the whole more more active than Google+'s, where generally-visible posting activity was limited to just over 9% of all profiles, and the active user base was well under 1% of the total nominal population.

Active Users

MeWe do not publish active users (e.g., MUA / monthly active users) statistics.

Groups

MeWe is principally a group-oriented discussion site -- interactions take place either between individuals or within group contexts. Virtually all discovery is group-oriented. The selection and dynamics of groups on the site will likely strongly affect user experience, so exploring the available groups and their characteristics is of interest.
"MeWe has over 60,000 open groups" according to its FAQ.
The Open groups -- visible to any registered MeWe user, though not to the general public Web -- are browsable, though sections and topics must be expanded to view the contents: an overview isn't immediately accessible. We provide a taste here.
A selection of ten featured topics spans the top of the browser. As I view these, they are:
Specific groups may appear in multiple categories.
The top Groups within these topics have, variously, 15,482, 7,738, 15,482 (dupe), 7,745, 8,223, 8,220, 1,713, 9,527, 2,716, and 1,516 members. Listings scroll at length -- the Music topic has 234 Groups, ranging in size from 5 to 5,738 members, with a median of 59, mean of 311.4, and a 90%ile of 743.5.
Below this is a grid of topics, 122 in all, ranging from Activism to Wellness, and including among them. A selected sample of these topics, with top groups listed members in (parens), follows:
To be clear: whilst I've not included every topic, I've sampled a majority of them above, and listed not an arbitrary selection, but the top few Groups under each topic.

Google+ Groups

The Google Plus expats group seems the most active of these by far.

Political Groups

It's curious that MeWe make a specific point in their FAQ that:
At MeWe we have absolutely no political agenda and we have a very straightforward Terms of Service. MeWe is for all law-abiding people everywhere in the world, regardless of political, ethnic, religious, sexual, and other preferences.
There are 403 political groups on MeWe. I won't list them all here, but the first 100 or so give a pretty clear idea of flavour. Again, membership is in (parentheses). Note that half the total political Groups memberships are in the first 21 groups listed here, the first 6 are 25% of the total.
  1. Donald J. Trump 2016 - Present (11486)
  2. The Conservative's Hangout (8345)
  3. Qanon Follow The White Rabbit (5600)
  4. Drain The Swamp (4978)
  5. Libertarians (4528)
  6. United We Stand Trump2020 (4216)
  7. The Right To Self Defense (3757)
  8. Alternative Media (3711)
  9. Hardcore Conservative Patriots for Trump (3192)
  10. Bastket Of Deplorables4Trump! (3032)
  11. Return of the Republic (2509)
  12. Infowars Chat Room Unofficial (2159)
  13. Donald Trump Our President 2017-2025 (2033)
  14. Berners for Progress (1963)
  15. Sean Hannity Fans (1901)
  16. The American Conservative (1839)
  17. I Am The NRA (1704)
  18. Tucker Carlson Fox News (1645)
  19. We Love Donald Trump (1611)
  20. MAGA - Make America Great Again (1512)
  21. Q (1396)
  22. ClashDaily.com (1384)
  23. news from the front (1337)
  24. Basket of Deplorables (1317)
  25. Payton's Park Bench (1283)
  26. Convention of States (1282)
  27. Britons For Brexit (1186)
  28. MoJo 5.0 Radio (1180)
  29. MeWe Free Press (1119)
  30. The Constitutionally Elite (1110)
  31. Libertarian (1097)
  32. WOMEN FOR PRESIDENT TRUMP (1032)
  33. AMERICANS AGAINST ISIS and OTHER ENEMIES (943)
  34. #WalkAway Campaign (894)
  35. ALEX JONES (877)
  36. The Lion Is Awake ! (854)
  37. We Support Donald Trump! (810)
  38. The Stratosphere Lounge (789)
  39. TRUMP-USA-HANDS OFF OUR PRESIDENT (767)
  40. Official Tea Party USA (749)
  41. Mojo50 Jackholes (739)
  42. Yes Scotland (697)
  43. "WE THE DEPLORABLE" - MOVE ON SNOWFLAKE! (688)
  44. Judge Jeanine Pirro Fans (671)
  45. Anarcho-Capitalism (658)
  46. Ted Cruz for President (650)
  47. No Lapdog Media (647)
  48. Q Chatter (647)
  49. Daily Brexit (636)
  50. Tucker Carlson Fox News (601)
  51. The Trumps Storm Group (600)
  52. QAnon-Patriots WWG1WGA (598)
  53. 100% American (569)
  54. Ladies For Donald Trump (566)
  55. Deep State (560)
  56. In the Name of Liberty (557)
  57. Material Planet (555)
  58. WikiUnderground (555)
  59. Trump NRA Free Speech Patriots on MeWe Gab.ai etc (546)
  60. Magna Carta Group (520)
  61. Constitutional Conservatives (506)
  62. Question Everything (503)
  63. Conspiracy Research (500)
  64. Bill O'Reilly Fans (481)
  65. Conservative Misfit's (479)
  66. Canadian politics (478)
  67. Anarchism (464)
  68. HARDCORE DEPLORABLES (454)
  69. Deplorable (450)
  70. Tampa Bay Trump Club (445)
  71. UK Politics (430)
  72. Bongino Fan Page (429)
  73. Radical Conservatives (429)
  74. RESIST THE RESISTANCE (419)
  75. The Deplorables (409)
  76. America's Freedom Fighters (401)
  77. Politically Incorrect & Proud (399)
  78. CONSERVATIVES FOR AMERICA ! (385)
  79. Political satire (383)
  80. RISE OF THE RIGHT (371)
  81. UK Sovereignty,Independence,Democracy -Everlasting (366)
  82. The Patriots Voting Coalition (359)
  83. End The Insanity (349)
  84. Coming American Civil War! (345)
  85. Constitutional Conservatives (343)
  86. United Nations Watch (342)
  87. A Revival Of The Critical Thinking Union (337)
  88. The New Libertarian (335)
  89. Libertarian Party (official ) (333)
  90. DDS United (Duterte Die-hard Supporters) (332)
  91. American Conservative Veterans (331)
  92. Anarchism/Agorism/Voluntaryism (328)
  93. America Needs Donald Trump (326)
  94. The UKIP Debating Society (321)
  95. Coalition For Trump (310)
  96. Egalitarianism (306)
  97. FRIENDS THAT LIKE JILL STEIN AND THE GREEN PARTY (292)
  98. 2nd Amendment (287)
  99. Never Forget #SethRich (286)
  100. Green Party Supporters 2020 (283)
It seems there is relatively little representation from the left wing, or even the centre, of the political spectrum. A case-insensitive match for "liberal" turns up:
Mainstream political parties are little represented, though again, the balance seems skewed searching on "(democrat|republic|gop)":
The terms "left" and "right" provide a few matches, not all strictly political-axis aligned:
Socialism and Communism also warrant a few mentions:
And there are some references to green, laboulabor parties:

Conclusion

Whilst there may not be a political agenda, there does appear to be at least a slight political bias to the site. And a distinctive skew on many other topical subjects.
Those seeking new homes online may wish to take this into account.

Updates

submitted by dredmorbius to plexodus [link] [comments]

Best Quotes from "The Bitcoin Standard"

Best Quotes from Saifedean Ammous book "The Bitcoin Standard"
  1. "Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties"
  2. "While Bitcoin is a new invention of the digital age, the problems it purports to solve - namely, providing a form of money that is under the full command of its owner and likely to hold its value in the long run - are as old as human society itself"
  3. "People’s choices are subjective, and so there is no “right” and “wrong” choice of money. There are, however, consequences to choices"
  4. "I like to call this the easy money trap: anything used as a store of value will have its supply increased, and anything whose supply can be easily increased will destroy the wealth of those who used it as a store of value"
  5. "For something to assume a monetary role, it has to be costly to produce, otherwise the temptation to make money on the cheap will destroy the wealth of the savers, and destroy the incentive anyone has to save in this medium"
  6. "The monetary media that survived for longest are the ones that had very reliable mechanisms for restricting their supply growth - in other words, hard money"
  7. "The choice of what makes the best money has always been determined by the technological realities of societies shaping the salability of different goods"
  8. "Human civilization flourished in times and places where sound money was widely adopted, while unsound money all too frequently coincided with civilizational decline and societal collapse"
  9. "Whether in Rome, Constantinople, Florence, or Venice, history shows that a sound monetary standard is a necessary prerequisite for human flourishing, without which society stands on the precipice of barbarism and destruction"
  10. "History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours"
  11. "Some of the most important technological, medical, economic, and artistic human achievements were invented during the era of the gold standard, which partly explains why it was known as la Belle Epoque, or the beautiful era, across Europe"
  12. "World War I saw the end of the era of monetary media being the choice decided by the free market, and the beginning of the era of government money"
  13. "Government money is similar to primitive forms of money and commodities other than gold: it is liable to having its supply increased quickly compared to its stock, leading to a quick loss of salability, destruction of purchasing power, and impoverishment of its holders"
  14. "With the simple suspension of gold redeemability, governments’ war efforts were no longer limited to the money that they had in their own treasuries, but extended virtually to the entire wealth of the population"
  15. "Had European nations remained on the gold standard, or had the people of Europe held their own gold in their own hands […], history might have been different. It is likely that WorldWar I would have been settled militarily within a few months of conflict"
  16. "The cause of the Great Crash of 1929 was the diversion away from the gold standard in the post-WWI years, and the deepening of the Depression was caused by government control and socialization of the economy in the Hoover and FDR years"
  17. "All spending is spending, in the naive economics of Keynesians, and so it matters not if that spending comes from individuals feeding their families or governments murdering foreigners: it all counts in aggregate demand and it all reduces unemployment!"
  18. "In essence, Bretton Woods attempted to achieve through central planning what the international gold standard of the nineteenth century had achieved spontaneously"
  19. "Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard"
  20. "With government money, whose cost of production tends to zero, it has become quite possible for an entire society to witness all of its savings in the form of money disappear in the space of a few months or even weeks"
  21. "Hyperinflation is a far more pernicious phenomenon than just the loss of a lot of economic value by a lot of people; it constitutes a complete breakdown of the structure of economic production of a society built up over centuries and millennia"
  22. "Even if the textbooks were correct about the benefits of government management of the money supply, the damage from one episode of hyperinflation anywhere in the world far outweighs them"
  23. "Hanke and Bushnell have been able to verify 57 episodes of hyperinflation in history, only one of which occurred before the era of monetary nationalism, and that was the inflation in France in 1795, in the wake of the Mississippi Bubble"
  24. “The constantly increasing supply means a continuous devaluation of thecurrency, expropriating the wealth of the holders to benefit those who printthe currency, and those who receive it earliest. This is termed the CantillonEffect”
  25. “Whether it’s because of downright graft, “national emergency,” or an infestation of inflationist schools of economics, government will always find a reason and a way to print more money, expanding government power while reducing the wealth of the currency holders”
  26. “It is ironic, and very telling, that in the era of government money, governments themselves own far more gold in their official reserves than they did under the international gold standard of 1871–1914”
  27. “A sound money makes service valuable to others the only avenue open for prosperity to anyone, thus concentrating society’s efforts on production, cooperation, capital accumulation, and trade”
  28. “The twentieth century was the century of unsound money and the omnipotent state, as a market choice in money was denied by government diktat, and government-issued paper money was forced on people with the threat of violence”
  29. “Sound money is an essential requirement for individual freedom from despotism and repression, as the ability of a coercive state to create money can give it undue power over its subjects, power which by its very nature will attract the least worthy, and most immoral”
  30. “Sound money is a prime factor in determining individual time preference, an enormously important and widely neglected aspect of individual decision making. Time preference refers to the ratio at which individuals value thepresent compared to the future”
  31. “Economist Hans-Hermann Hoppe explains that once time preference drops enough to allow for any savings and capital or durable consumer-goodsformation at all, the tendency is for time preference to drop even further as a“process of civilization” is initiated”
  32. “Microeconomics has focused on transactions between individuals, and macroeconomics on the role of government in the economy ; [...] the most important economic decisions to any individual’s well-being are the ones they conduct in their trade-offs with their future self”
  33. “The better the money is at holding its value, the more it incentivizes people to delay consumption and instead dedicate resources for production in the future, leading to capital accumulation and improvement of living standards”
  34. “The move from money that holds its value or appreciates to money that loses its value is very significant in the long run: society saves less, accumulates less capital, and possibly begins to consume its capital”
  35. “Civilizations prosper under a sound monetary system, but disintegrate when their monetary systems are debased, as was the case with the Romans, the Byzantines, and modern European societies”
  36. “What matters in money is its purchasing power, not its quantity, and as such, any quantity of money is enough to fulfil the monetary functions, as long as it is divisible and groupable enough to satisfy holders’ transaction and storage needs”
  37. “The best form of money in history was the one that would cause the new supply of money to be the least significant compared to the existing stockpiles, and thus make its creation not a good source of profit”
  38. “Had government money been a superior unit of account and store of value, it would not need government legal tender laws to enforce it, nor would governments worldwide have had to confiscate large quantities of gold and continue to hold them in their central bank reserves”
  39. “The fact that central banks continue to hold onto their gold, and have even started increasing their reserves, testifies to the confidence they have in their own currencies in the long term”
  40. “Sound money is money that gains in value slightly over time, meaning that holding onto it is likely to offer an increase in purchasing power”
  41. “Unsound money, being controlled by central banks whose express mission is to keep inflation positive, will offer little incentive for holders to keep it”
  42. “With unsound money, only returns that are higher than the rate of depreciation of the currency will be positive in real terms, creating incentives for high-return but high-risk investment and spending”
  43. “Savings rates have been declining across the developed countries, dropping to very low levels, while personal, municipal, and national debts have increased to levels which would have seemed unimaginable in the past”
  44. “One of the most mendacious fantasies that pervades Keynesian economic thought is the idea that the national debt “does not matter, since we owe it to ourselves”
  45. “Only a high-time-preference disciple of Keynes could fail to understand that this “ourselves” is not one homogeneous blob but is differentiated into several generations -namely, the current ones which consume recklessly at the expense of future ones”
  46. “The twentieth century’s binge on conspicuous consumption cannot be understood separately from the destruction of sound money and the outbreak of Keynesian high-time-preference thinking, in vilifying savings and deifying consumption as the key to economic prosperity”
  47. “It is an ironic sign of the depth of modern-day economic ignorance fomented by Keynesian economics that capitalism - an economic system based on capital accumulation from saving - is blamed for unleashing conspicuous consumption - theexact opposite of capital accumulation”
  48. “Capitalism is what happens when people drop their time preference, defer immediate gratification, and invest in the future. Debt-fueled mass consumption is as much a normal part of capitalism as asphyxiation is a normal part of respiration”
  49. “The only cause of economic growth in the first place is delayed gratification, saving, and investment, which extend the length of the production cycle and increase the productivity of the methods of production, leading to better standards of living”
  50. “This move from sound money to depreciating money has led to several generations of accumulated wealth being squandered on conspicuous consumption within a generation or two, making indebtedness the new method for funding major expenses”
  51. “As H. L. Mencken put it: “Every election is an advanced auction on stolen goods””
  52. “As politicians sell people the lie that eternal welfare and retirement benefits are possible through the magic of the monetary printing press, the investment in a family becomes less and less valuable”53.“The majority of the technology we use in our modern life was invented in the 19th century, under the gold standard, financed with the ever-growing stock of capital accumulated by savers storing their wealth in a sound money and store of value which did not depreciate quickly”
  53. “The contributions of sound money to human flourishing are not restricted to scientific and technological advance; they can also be vividly seen in the art world”
  54. “In times of sound money and low time preference, artists worked on perfecting their craft so they could produce valuable works in the long run”56.“Modern artists have replaced craft and long hours of practice with pretentiousness, shock value, indignation, and existential angst as ways to cow audiences into appreciating their art, and often added some pretense to political ideals, usually of the puerile Marxist variety”
  55. “As government money has replaced sound money, patrons with low time preference and refined tastes have been replaced by government bureaucrats with political agendas as crude as their artistic taste”
  56. “The Use of Knowledge in Society, by Friedrich #Hayek, is arguably one of the most important economic papers to have ever been written”
  57. “In a free market economic system, prices are knowledge, and the signals that communicate information”
  58. “Prices are not simply a tool to allow capitalists to profit; they are the information system of economic production, communicating knowledge across the world and coordinating the complex processes of production”
  59. “Any economic system that tries to dispense with prices will cause the complete breakdown of economic activity and bring a human society back to a primitive state”
  60. “The fatal flaw of socialism that #Mises exposed was that without a price mechanism emerging on a free market, socialism would fail at economic calculation, most crucially in the allocation of capital goods”
  61. “In an economy with a central bank and fractional reserve banking, the supply of loanable funds is directed by a committee of economists under the influence of politicians, bankers, TV pundits, and sometimes, most spectacularly, military generals”
  62. “Creating new pieces of paper and digital entries to paper over the deficiency in savings does not magically increase society’s physical capital stock; it only devalues the existing money supply and distorts prices”
  63. “Only with an understanding of the capital structure and how interest rate manipulation destroys the incentive for capital accumulation can one understand the causes of recessions and the swings of the business cycle”
  64. “The business cycle is the natural result of the manipulation of the interest rate distorting the market for capital by making investors imagine they can attain more capital than is available with the unsound money they have been given by the banks”
  65. “Contrary to Keynesian animist mythology, business cycles are not mystic phenomena caused by flagging “animal spirits” whose cause is to be ignored as central bankers seek to try to engineer recovery”
  66. “Economic logic clearly shows how recessions are the inevitable outcome of interest rate manipulation in the same way shortages are the inevitable outcome of price ceilings”
  67. “Monetary history testifies to how much more severe business cycles and recessions are when the money supply is manipulated than when it isn’t”
  68. “A capitalist system cannot function without a free market in capital, where the price of capital emerges through the interaction of supply and demand and the decisions of capitalists are driven by accurate price signals”
  69. “The central bank’s meddling in the capital market is the root of all recessions and all the crises which most politicians, journalists, academics, and leftist activists like to blame on capitalism”
  70. “Imagining that central banks can “prevent,” “combat,” or “manage” recessions is as fanciful and misguided as placing pyromaniacs and arsonists in charge of the fire brigade”
  71. “Central planning of credit markets must fail because it destroys markets’ mechanisms for price-discovery providing market participants with the accurate signals and incentives to manage their consumption and production”
  72. “It is typical of the #MiltonFriedman band of libertarianism in that it blames the government for an economic problem, but the flawed reasoning leads to suggesting even more government intervention as the solution”
  73. “Only when a central bank manipulates the money supply and interest rate does it become possible for large-scale failures across entire sectors of the economy to happen at the same time, causing waves of mass layoffs in entire industries”
  74. “In a free market for money, individuals would choose the currencies they want to use, and the result would be that they would choose the currency with the reliably lowest stock-to-flow ratio. This currency would oscillate the least with changes in demand and supply”
  75. “It is an astonishing fact of modern life that an entrepreneur in the year 1900 could make global economic plans and calculations all denominated in any international currency, with no thought whatsoever given to exchange rate fluctuations”
  76. “The combination of floating exchange rates and Keynesian ideology has given our world the entirely modern phenomenon of currency wars”
  77. “Hard money, by taking the question of supply out of the hands of governments and their economist-propagandists, would force everyone to be productive to society instead of seeking to get rich through the fool’s errand of monetary manipulation”
  78. “Under a sound monetary system, government had to function in a way that is unimaginable to generations reared on the twentieth-century news cycle: they had to be fiscally responsible”
  79. “For those of us alive today, raised on the propaganda of the omnipotent governments of the twentieth century, it is often hard to imagine a world in which individual freedom and responsibility supersede government authority”82“. The fundamental scam of modernity is the idea that government needs to manage the money supply. It is an unquestioned starting assumption of all mainstream economic schools of thought and political parties”
  80. “Having the ability to print money, literally and figuratively, increases the power of any government, and any government looks for anything that gives it more power”
  81. “By placing a hard cap on the total supply of bitcoins, Nakamoto was clearly unpersuaded by the arguments of the standard macroeconomics textbook and more influenced by the Austrian school, which argues that the quantity of money itself is irrelevant”
  82. “Societies with money of stable value generally develop a low time preference, learning to save and think of the future, while societies with high inflation and depreciating economies will develop high time preference as people lose track of the importance of saving”
  83. “With sound money, the government’s war effort was limited by the taxes it could collect. With unsound money, it is restrained by how much money it can create before the currency is destroyed, making it able to appropriate wealth far more easily”
  84. “Unsound money is a particularly dangerous tool in the hands of modern democratic governments facing constant reelection pressure. Modern voters are unlikely to favor the candidates who are upfront about the costs and benefits of their schemes”
  85. “Unsound money is at the heart of the modern delusion believed by most voters and those unfortunate enough to study modern macroeconomics at university level: that government actions have no opportunity costs”
  86. “It is no coincidence that when recounting the most horrific tyrants of history, one finds that every single one of them operated a system of government-issued money which was constantly inflated to finance government operation”
  87. “Unsound money makes government power potentially unlimited, with large consequences to every individual, forcing politics to the center stage of their life and redirecting much of society’s energy and resources to the zero-sum game of who gets to rule and how”
  88. “In the world of fiat money, having access to the central bank’s monetary spigots is more important than serving customers. Firms that can get low-interest-rate credit to operate will have a persistent advantage over competitors that cannot”
  89. “Banking has evolved into a business that generates returns without risks to bankers and simultaneously creates risks without returns for everyone else”
  90. “In a world where central banks allocate credit, the larger firm has an advantage in being able to secure funding at a low rate which its smaller competitors cannot get”
  91. “Bitcoin was the first engineering solution that allowed for digital payments without having to rely on a trusted third-party intermediary. By being the firstdigital object that is verifiably scarce, Bitcoin is the first example of digital cash”
  92. “Whereas in a modern central bank the new money created goes to finance lending and government spending, in Bitcoin the new money goes only to those who spend resources on updating the ledger”
  93. “Difficulty adjustment is the most reliable technology for making hard money and limiting the stock-to-flow ratio from rising, and it makes Bitcoin fundamentally different from every other money”
  94. “Bitcoin is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack”
  95. “The security of Bitcoin lies in the asymmetry between the cost of solving the proof-of-work necessary to commit a transaction to the ledger and the cost of verifying its validity”
  96. “The Bitcoin ledger of transactions might just be the only objective set of facts in the world”
  97. “Bitcoin is the first example of a digital good whose transfer stops it from being owned by the sender”
  98. “Bitcoin presents a tremendous technological leap forward in the monetary solution to the indirect exchange problem, perhaps as significant as the move from cattle and salt to gold and silver”
  99. “Without a conservative monetary policy and difficulty adjustment, Bitcoin would only have succeeded theoretically as digital cash, but remained too insecure to be used widely in practice”
  100. “Bitcoin’s volatility derives from the fact that its supply is utterly inflexible and not responsive to demand changes, because it is programmed to grow at a predetermined rate”
  101. “As the size of the market grows, along with the sophistication and the depth of the financial institutions dealing with Bitcoin, this volatility will likely decline”
  102. “As long as Bitcoin is growing, its token price will behave like that of a stock of a start-up achieving very fast growth. Should Bitcoin’s growth stop and stabilize, it would stop attracting high-risk investment flows, and become just a normal monetary asset”
  103. “Bitcoin is the cheapest way to buy the future, because Bitcoin is the only medium guaranteed to not be debased, no matter how much its value rises”
  104. “The strict digital scarcity of the Bitcoin tokens combines the best elements of physical monetary media, without any of the physical drawbacks to moving and transporting it. Bitcoin might have a claim to make for being the best technology for saving ever invented”
  105. “Any person who owns Bitcoin achieves a degree of economic freedom which was not possible before its invention”
  106. “For the first time since the emergence of the modern state, individuals have a clear technical solution to escaping the financial clout of the governments they live under”
  107. “Bitcoin, and cryptography in general, are defensive technologies that make the cost of defending property and information far lower than the cost of attacking them”
  108. “If BTC continues to grow to capture a larger share of the global wealth, it may force governments to become more and more a form of voluntary organization, which can only acquire its “taxes” voluntarily by offering its subjects services they would be willing to pay for”
  109. “Contrary to popular depictions of anarchists as hoodie-clad hoodlums, Bitcoin’s brand of anarchism is completely peaceful, providing individuals with the tools necessary for them to be free from government control and inflation”
  110. “The invention of Bitcoin has created, from the ground up, a new independent alternative mechanism for international settlement that does not rely on any intermediary and can operate entirely separate from the existing financial infrastructure”
  111. “Bitcoin can be seen as the new emerging reserve currency for online transactions, where the online equivalent of banks will issue Bitcoin-backed tokens to users while keeping their hoard of Bitcoins in cold storage”
  112. “Bitcoin’s advantage is that by bringing the finality of cash settlement to the digital world, it has created the fastest method for final settlement of large payments across long distances and national borders”
  113. “Bitcoin can be best understood to compete with settlement payments between central banks and large financial institutions, and it compares favorably to them due to its verifiable record, cryptographic security, and imperviousness to third-party security holes”
  114. “BTC, having no counterparty risk and no reliance on any third-party, is uniquely suited to play the same role that gold played in the gold standard"
  115. “If Bitcoin continues to grow in value and gets utilized by a growing number of financial institutions, it will become a reserve currency for a new form of central bank"
  116. “The first central bank to buy BTC will alert the rest of the central banks to the possibility and make many of them rush toward it. The first central bank purchase is likely to make the value of BTC rise significantly"
  117. “While central banks have mostly been dismissive of the importance of BTC, this could be a luxury they may not afford for long. As hard as it might be for central bankers to believe it, BTC is a direct competitor to their line ofbusiness”
  118. “The modern central bank business model is being disrupted. Central banks now have no way of stopping competition by just passing laws as they have always done. They are now up against a digital competitor that most likely cannot be brought under the physical world’s laws”
  119. “If the modern world is ancient Rome, suffering the economic consequences of monetary collapse, with the dollar our aureus, then Satoshi Nakamoto is our Constantine, Bitcoin is his solidus, and the Internet is our Constantinople”
  120. “Should it achieve some sort of stability in value, Bitcoin would be superior to using national currencies for global payment settlements, as is the case today, because national currencies fluctuate in value based on each nation’s and government’s conditions”
  121. “Bitcoin is the only truly decentralized digital currency which has grown spontaneously as a finely balanced equilibrium between miners, coders, and users, none of whom can control it”
  122. “After years of watching altcoins get created, it seems impossible that any coin will recreate the adversarial standoff that exists between Bitcoin stakeholders and prevents any party from controlling payments in it”
  123. “It is high time for everyone involved in BTC to stop concerning themselves with the question of the identity of Nakamoto, and accept that it does not matter to the operation of the technology, in the same way that the identity of the inventor of the wheel no longer matters”
  124. “No single altcoin has demonstrated anything near Bitcoin’s impressive resilience to change, which is down to its truly decentralized nature and the strong incentives for everyone to abide by the status quo consensus rules”
  125. “Contrary to a lot of the hype surrounding Bitcoin, eliminating the need for trust in third parties is not an unquestionably good thing to do in all avenues of business and life”
  126. “A non-Bitcoin blockchain combines the worst of both worlds: the cumbersome structure of the blockchain with the cost and security risk of trusted third parties”
  127. "“It is no wonder that eight years after its invention, blockchain technology has not yet managed to break through in a successful, ready-for-market commercial application other than the one for which it was specifically designed: Bitcoin”
  128. “The most common potential applications touted for blockchain technology - payments, contracts, and asset registry - are only workable to the extent that they run using the decentralized currency of the blockchain”
  129. “All blockchains without currencies have not moved from the prototype stage to commercial implementation because they cannot compete with current best practice in their markets”
  130. “Any application of #blockchain technology will only make commercial sense if its operation is reliant on the use of electronic cash, and only if electronic cash’s disintermediation provides economic benefits outweighing the use of regular currencies and payment channels”
submitted by shibley to Bitcoin [link] [comments]

FYI How to Pi Coin Cryptocurrency Mining Made Simple for Everyday People (Passive Income)

FYI How to Pi Coin Cryptocurrency Mining Made Simple for Everyday People (Passive Income)

Pi Coin Cryptocurrency Mining Made Simple for Everyday People (Passive Income)

https://preview.redd.it/kxygj89rsej31.jpg?width=1236&format=pjpg&auto=webp&s=a27bf488767eb2a119d38e1f4120a280da692cf9

Combining Cryptocurrency Mining with Traveling

Chances are, you’ve heard about the buzzing prices of cryptocurrencies like Bitcoin but probably know jack about anything else of it. Understanding how Bitcoin and Blockchain technology works can be a bit intimidating and overwhelming for new users into the Crypto-space. But hey, I’m no expert either and I just dabble in it to know enough not to miss out.
As someone who aspires to become a digital nomad and travel the world, you may want to consider looking to start now. And here I can show you how easy it is to start with zero knowledge of Bitcoin, Blockchain, and cryptocurrency.
If you know how to download an app to your smartphone or tablet. Then you are ready to earn cryptocurrency. You use your smartphone for pretty much everything from communicating, paying bills, watching videos on YouTube all day, looking for restaurants and etc. So why not also use it to make you money every single day and doesn’t cost you anything more but to just download an app?
The tides are ever-changing, and to survive, you must sail with the wind. Not against it. Don’t leave free money on the table and read on.
Pi Network (Minepi.com) is getting increasingly popular every day and is perhaps one of the fastest-growing networks in the Cryptocurrency world as of 2019. It’s no wonder you would want to get as many members under you as quickly as possible.
Mining for Pi Coin cryptocurrency takes almost no effort but to simply make a single tap on the lightning symbol once a day. After that, you can continue to use your phone as normal or shut the screen off. The Pi coin is continuously mined for the next 24 hours in the background of your device without using massive amounts of energy unlike mining for Bitcoin.
As the Pi Network continues to grow with 1000’s of new miners signing up every day, the mining rate will be halved accordingly, which means it’ll be harder and slower to get Pi coins. So, it’s quite obvious to be one of those people to get a really early start on this popular rising cryptocurrency.
But why am I sharing my secrets? Aren’t you afraid of the competition? No, not really. Because for 1, I am a believer in Pi vision so I want to help it grow by helping you grow. Plus, even if this information is out there, I doubt that everyone who reads this will actually put in the effort to actually grow (please prove me wrong).
Please read on and learn the secret!
24h a day 7d a week
168h a week 4 weeks a month
672h a month
If the PI coin is listed on markets and the price is at $0,05 you have passive income from $336. If you mine passive 1 PI a hour. Its only one click on your mobile a day.

What Is Pi Network?

Pi Network is a small connected group of people within a security circle stitched along with other smaller security circles to create a “trust graph” that will help users know who to trust and transact with. The security circle is used to validate one’s identity to allow seamlessly and trusted transactions in the Pi cryptocurrency marketplace. This is to secure trust in the network that no fraudulent activities can take place.

The Core Team Members

Dr. Nicolas KokkalisHead of Technology Stanford Ph.D. and instructor of Stanford’s first decentralized applications class; combining distributed systems and human-computer interactions to bring cryptocurrency to everyday people.
Dr. Chengdiao Fan – Head of Product Stanford Ph.D. in Computational Anthropology harnessing social computing to unlock human potential on a global scale.
Vincent McPhillip – Head of Community Yale and Stanford-trained social movement builder on a mission to democratize how society defines, creates, and distributes wealth.

  • Their Mission is to build a cryptocurrency and smart contracts platform secured and operated by everyday people like us, but with simplicity.
  • Their vision is to make Cryptomining and spending as easy as “Pie”, making it the world’s most inclusive peer-to-peer marketplace that is fueled by Pi.
· The network has about 70k daily active members mining every day on the Pi Network app and is growing incredibly fast. Once they reach the first threshold of 100k users, they will HALVE the mining rate. That’s right, so mining speed for you will become lesser and lesser as more users join the network. However, if you join today and become a (PI)oneer and help steer the Pi network into the right general direction. You’ll get a larger piece of the PI(E) and grow it into massive savings until it hits the exchange market.
· They are going to release an update during Q4 2019 that will enable users to send their Pi coins to any other user on the network. This will be the beginning of seeing the true value of the coin. Personally, for me, I’m all in for the what if factor, especially when all it took was to download a single app.
· You don’t have to spend any extra money to mine so long as you have a smartphone or a tablet.

· Invitation Into The Pi Network

· Currently, Pi network is in beta and to join the network is through an invitation code only by someone who is already a member. You can join under my name and be added into my security circle.

What Can You Do with Your Pi Coins?

In the future:


  • Pioneers can wager Pi to engage the attention of other members of the network, by sharing content (e.g., text, images, videos) or asking questions
  • Trade Pi coins with other members
  • Use Pi to purchase goods in the Pi marketplace
  • Use Pi for advertisement
  • Exchange Pi for ETH or BTC which can be exchanged into fiat money
  • Much more as the network grows to mass adoption
As they are in beta now, you get to mine Pi coins at higher rates since there are fewer users on the network. Like Bitcoin for example; mining Bitcoin 10 years ago you would be able to get a few Bitcoin every hour or so. Now, you’ll get somewhere around 0.000001 BTC per hour since there are millions of miners now (mining rate differs for everyone depending on their rig).
Think of Pi like in the early stages of Bitcoin when nobody really knew or understood what its technology is really all about. Imagine if you knew then what you know now. Wouldn’t you mine it like crazy? It goes exactly the same for Pi coin.

Need To Know More?

https://minepi.com/white-paper https://minepi.com/faq
Comment down below if you joined so I can add you into my security circle.
Thanks for reading, You Like? Share It!
submitted by SandraThelenhere to PiNetworkMining [link] [comments]

Consensus 2018 Report (Continuous Updates Through May 17th)

Happy Wednesday! We are live!
Consensus Short Statistics
State of Blockchain
Don Tapscott
-"We are entering a new era of trust"
-Generally remarked on the benefits of blockchain. Identified the 7 types of crypto assets (Currencies, Collectibles, Stablecoins, Natural Asset Tokens [Representing minerals, water], Utility Tokens, and Security Tokens.)
FedEx
As I remarked in my comment earlier, FedEx is incredibly bullish on blockchain technology generally, but specifically in it's applications for cross-border shipping and asset-tracking. As I learned, the definition of what constitutes a "coffee cup" differs from place to place. Using blockchain, Smith says, FedEx can protect against unforeseen obstacles at customs. "Information about the package is as important as the package itself," he claims, further adding that the risk of experimenting with cryptocurrency is "de minimis" when compared to its alternative. During the session, FedEx unveiled "Trons", bluetooth-enabled sensors integrated with blockchain first announced in 2016.
Jim Bullard, St. Louis Fed
Fantastic, informational lecture regarding the history of currency and how civilizations have reacted to various implementations. Generally, Bullard notes, humans want a uniform currency. He compared cryptos with state/provincial bank notes, citing the problems faced with exchange, regulation, and value verification. We haven't yet realized this problem with cryptocurrencies since the market cap is relatively small.
Insightful statistics about and charts comparing GDP to the inflation/exchange rates of the DollaYen. Surprisingly, the volatility charts look worse than Bitcoin. Catch all of these when the videos are released later this week.
Summarizing, Bullard claimed that there will be a plurality of coins sharing the ecosystem, each providing a specific use. The Federal Reserve will likely mint a fiat/cryptocurrency that represents a stable stock of U.S. dollars sometime in the mid term future.
Jed McCaleb
I spoke with Jed of the Stellar Foundation. This is a Bitcoin subreddit, so I'll skip this part. You can find the full transcript of his thoughts here.
Charlie Lee and David Schwarz
Both spoke on a panel about interoperability between Bitcoin, Litecoin, Ripple, etc. Developers better understand that most cryptocurrencies can interface as long as they use the same "hooks". Schwartz compared this ideal system akin to TCP-IP; a minimal framework making as few technological demands as necessary.
An ecosystem with multiple coins utilizing different security protocols and consensus mechanisms is "good for Bitcoin". In a theoretical world where power becomes abundant, what happens to PoW? We want the ability to migrate to a new protocol without upending the entire financial system. In a world where security is compromised, redundancy is critical.
Lee sees UI as the next significant hurdle. Not for speculators, but for mom-and-pop investors without much tech savvy.
TxTenna
-Hardware to expand and facilitate mesh networks.
-Even if you own Bitcoin, transfer can be censored/inhibited through the network communicating the transaction to the blockchain.
-Using mesh networks, we bypass many of these constraints dealing directly with sovereign ISP's.
-This is fantastic for Bitcoin users in 3rd world countries/those with oppressive regimes. I will leave this to your imagination.
RSK
-Smart contract platform on top of the Bitcoin protocol. -Ecosystem challenges (Tx costs, security, scalability) -Tx cost is $0.035 - +10% hashing power -Up to 100 tps. -Next -Payment channels (Lumino) -Predicability (Fiat-based fees) -Decentralization (BTC and RSK full-node rewards) -Interoperability (inter-blockchain integration) 
I'm sorry if you find this post lacking/off topic. Attempted to refine down to only what might be relevant to a Bitcoin trader. Even if Bitcoin isn't specifically mentioned, many of these innovations/philosophies will apply to the crypto space generally and, thus, to Bitcoin.
It's already the end of Day 2 and I'm finishing the write-up for D1. I'll compile D2 and D3 for brevity's sake. Most of this news is now relatively (a day) old.
Thanks for your attention and help supporting the crypto revolution.
P.S. "Where is my Consensus boost!? I thought BTC should be $10k by now!"
Historically, the Consensus Boost happens several weeks after the event, likely as news disseminates.
OH FUCK
I FORGOT
Joseph Lubin bets BlockChain Capital's Jimmy Song, "any amount of Bitcoin" that blockchain will have widespread enterprise adoption within 5 years
Day 2
Will try an update. Sitting through, eToro will be opening business in the United States, launching a wallet shortly after. Users can view successful traders' profiles and subscribe to their trades, copying them second-by-second.
Circle announces a USD stablecoin and crypto wallet.
HTC announces a crypto phone.
Deloitte releases preview of cryptocurrency report, shows majority of companies pursuing blockchain.
-"But this is just blockchain". Yes, and a rising tide lifts all ships.
The Magical Crypto Friends Live From Consensus. Warning, shitty audio.
-Founders of several currencies (Litecoin, Monero) discuss Buffett, Bitcoin, and other BS. 56 minute duration. For the hardcore.
Day 3
Alright!
Ledger
-Announcing a consortium for investors/institutions who manage multiple accounts. Today, Ledger Nano S is really only useful to the individual owner.
-Called, "Komino"? (Japanese Script).
-Isn't this compromising the dream of Satoshi? Speaker thinks no. The dream is that everyone can use Bitcoin as they see fit. Large companies can have positions in Bitcoin without changing the life of crypto maximalists who can still use cryptocurrencies.
-Bankers have the right to "Go full Moon and lambos".
Polymath
-The next big wave in crypto are Security Tokens.
-Real estate, equity in companies.
-Amongst crypto VC founders, Security Tokens will comprise 50-90% of the crypto market in the coming years. Currently, the share is approximately 1%.
-You can create a security token right now. Log on here and try the demo.
-First blockchain telegram to reach 50,000 users.
-Integrating with tZero. All new securities should have liquidity out of the box.
-ST-20. A security token standard designed to ameliorate many of the issues with fragmented ICO's.
-Launching a ST Venture Fund, "Polymath Capital".
-New CoinMarketCap competitor. "Tokens.com". Perhaps they'll finally force some innovation on the CMC side.
-Polymath 2.0 TestNet now live.
BlockStack
-Internet 3.0 is here. Mesh networks, decentralized data, crypto assets. We are not storing data with companies anymore, we are personally responsible. One day, we will have a universal ID that removes the need for a rolodex of passwords, usernames, and security questions.
-BlockStack members advise on Silicon Valley. Fun fact.
-Infrastructure and speculative investment grew from less than $100B in January, to $100B in May, and, finally, over $600B by November.
-Sounds like a dApp talk. They're making iTunes for dApps. I'll come back when he says, "Bitcoin".
Jack Dorsey and Elizabeth Stark
-Jack first heard of Bitcoin in St. Louis via a group of Cypherpunks.
-Appreciated the complexity of code, but didn't realize the potential just yet.
-Met some engineers who wanted to build a Bitcoin solution for Square. Buyers/sellers could accept Bitcoin without knowing they were using Bitcoin.
-Community "felt like Usenet" as it developed between 2014 and 2017. "Felt electric".
-Claimed Square's strengths are speed and simplicity. Credit cards are complex and often emotional. Talking about the Cash app, the goal is to revisit the coffee purchase of old and make it feasible using Bitcoin.
-"We have evidence to show people are using this as their primary spending account, their primary bank account, and, in some cases, their only bank account."
-"We have people that have been blocked from entering the financial industry." Even merchants had problems accepting payments. "Reaching the underserved, reaching the unbanked", he says, feels good.
-On Square adopting Bitcoin. "It was certainly contentious within our company." "I guess we always take the mindset that we can't wait for things to happen to us...If we want responsible uses...then we have to make that happen, we have to do the work to educate regulators, educate the SEC, show that we can provide more access to more people...give people a chance to participate in the economy...still a lot of disagreements and fights, but that's where the magic happens. We really push through, and this tested us. There was certainly a spotlight on us because of that fact, but there are a lot of unknowns. We ran towards them."
-On the future, the potential of Bitcoin. "The internet deserves a native currency. It will have a native currency. I don't know if it will be Bitcoin or not, but I hope it will be. I appreciate the technology so much; the principles behind it. Using the guide that the Internet will have a global currency...it's going to happen. As a company, as individuals, we need to learn how to make that happen. The biggest thing I worry about as a company is there is so much openness within the community, I hope nothing corporate will come in and threaten it." Protecting the open-source nature of the work. "This is a discussion I have a lot with Mike and the team. No one company or corporation should own this. This is the main question of everyone I meet in the community. We have a completely open mindset to ensure this remains a completely open platform. Let's not wait for it to happen. Let's do our part to encourage it to be used in healthy ways and ensure that everyone has access to it. If we ever go astray call us out. We can't do any of this without the technology being strong and available to everyone."
-"Obviously we are a centralized organization that benefits from decentralization. It's a theme of conversation within our organization and we're looking to decentralize our workforce. Cash is an interesting application in our company." Going to Australia next week to check in with the local team there. They are agnostic on what locale partners decide to nest in.
-Large corporate HQ's like Twitter and Square, "are a thing of the past". People will be able to work from wherever they please.
-"Nobody is going to a bank for a $6,000 loan. They're going to friends and family." They can all be served with this technology.
-Hesitates to make articulated 5-10 year predictions, prefers patience and iterating as each year develops. "We want to go back to the original idea of being able to purchase a coffee with it. That's why we're working with you. Whatever it takes to get there, we're going to try and make it happen." Encouraging more access to the financial space is the primary objective of the Square organization.
-"Over the past two years since we've really pushed our way into this, I've felt that electricity"
-Elizabeth Stark feels like she's living through the mid-90's again, "In a positive way".
-Stark is an optimist. "Really seeing the value behind the means of transacting without a middle party." It wasn't until Satoshi's whitepaper did we have the means to build a solution to this problem.
-"Our goal with Lightning is to enable an application layer like the Internet". -Stark
-On potential, compelling apps built on Bitcoin. "As I said, there's just so much to trust, to identity, to decentralizing almost everything we use today in a centralized way. We get the power of the crowd, the ability to see so many amazing perspectives and opinions to make our answers much better. I don't think about that as much as I think about what we need to focus on."
-On what they need to focus on. "There's a desire for more. There's definitely an incentive to hold the technology and encourage a mindset of saving rather than spending. But making it easier to spend, easier to transact, easier to do the everyday is what we need to focus on. We aren't necessarily going to be the company that comes up with the right frameworks or technologies, but I'm confident we'll be part of facilitating the process."
-The ultimate relationship with a regulator is that of education, Dorsey claims.
-On becomng a global company. "If we were ever able to use it as a payment mechanism today, we could release it all over the world opposed to the 5 markets we're in today. With each market, we have to find a banking partner, work through the regulatory." Only way to accept credit cards in Japan involved a 15-minute interview with an official. There is a large amount of legacy legislation that hampers adoption.
-On the next steps of democratizing finance. "Hardest part is continuing this conversation...certainly the regulatory bodies around the world, the banks..." Slowly but surely, Square is converting Goldman Sach's-types, showing them the reasons behind the movement. Having, "healthy discussions at the board level."
-On advice getting started in the industry. "Follow the conversation on Twitter, first and foremost. (laughter) And not just follow." When he first followed the industry, he felt like he had nothing to contribute. Join the conversation, express a point of view. "So many people fear expressing an opinion...instead of treating it like a conversation". "While you follow these conversations--jump in. People are going to think you're weird, they'll disagree with you, but you'll sharpen your opinions...find where they resonate." Pursue success from there.
BCash
I visited the BCash table and asked the representative to respond to claims that the company was causing label confusion amongst BTC and BCH. She locked up, asked if I was press, and, "was not at liberty to discuss the topic".
Scam. Scam. Scam. Did I say scam?
That's it for Bitcoin! Thanks for playing Consensus 2018!
I have tons of photos to upload, which I'll share in the Daily General Discussion as they come online.
submitted by MysteriousBarber to BitcoinMarkets [link] [comments]

The origin & rise of Bitcoin The Rise of Bitcoin (Documentary) - The Best Documentary Ever Discussion - The Rise and Rise of Bitcoin Trust Disrupted: Bitcoin and the Blockchain trailer Blockchain on the Rise  Trust Disrupted: Bitcoin and the ...

Top Blockchain, Bitcoin And Cryptocurrency Books For Beginners Or Those Who Want To Learn More! Want to learn more about the bitcoin, blockchain, and cryptocurrency, but not sure where to begin? While the Internet is usually a great place to start extensive research, it can sometimes be difficul ... Trust is foundational to business, yet maintaining trust–particularly throughout a global economy–is expensive, time-consuming, and, in many cases, inefficient. Could blockchain applications become part of the answer? The Bitcoin blockchain has never been hacked2 Bitcoin offers one of the only verifiably scarce, immutable, and capped supply assets in the world Only 21 million bitcoin will ever be issued No single point of failure or control Supply issuance resistant to macro or government influence Democratized digital money Hard-coded software defines user rules All transactions between users are ... Blockchain and its rise in the technological world. ... Nakamoto (pseudonym) came up with a protocol for digital cash that used an underline Cryptocurrency called Bitcoin, this Cryptocurrency enabled people to establish trust and do transactions without a third party. In this article we are not going to talk about what Bitcoin is but what blockchain is and blockchain is the vehicle through ... Blockchain: Democratized trust ... digital—is expensive, time-consuming, and, in many cases, inefficient. Some organizations are exploring how blockchain, the backbone behind bitcoin, might provide a viable alternative to the current procedural, organizational, and technological infrastructure required to create institutionalized trust. Though these exploratory efforts are still nascent, the ...

[index] [41627] [24037] [8762] [50682] [796] [18903] [50913] [17347] [33139] [17398]

The origin & rise of Bitcoin

TRUST DISRUPTED: BITCOIN AND THE BLOCKCHAIN is based on the book Digital Gold, by Nathaniel Popper. It traces the rise of Bitcoin and the technology that made it happen: the open, distributed ... Trust Disrupted: Bitcoin and the Blockchain traces the rise of Bitcoin and the technology that made it happen: the open, distributed ledger known as the blockchain. Do you think Rise will become the the optimal platform for development of decentralized apps? Do you think the coin will preform well for the long term? Are ... The Rise of Smart Legal Agreements Blockchain has cast a spotlight on how smart contract code can execute transactions in highly efficient ways, but will bro... Trust Disrupted: Bitcoin and the Blockchain Educational Documentary This TechCrunch Documentary traces the rise of Bitcoin and the technology that made it. official trailer for The Rise and Rise ...

#