Bitcoin Has No Intrinsic Value, And Will Never Be A Threat To Fiat Currency: "If you remember the Yahoo Finance Message Boards back during the dotcom bubble, then the Bitcoin page on Reddit will seem very familiar"
Meet Brock Pierce, the Presidential Candidate With Ties to Pedophiles Who Wants to End Human Trafficking
thedailybeast.com | Sep. 20, 2020. The “Mighty Ducks” actor is running for president. He clears the air (sort of) to Tarpley Hitt about his ties to Jeffrey Epstein and more. In the trailer for First Kid, the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States. Before First Kid, the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks, before graduating to smaller parts in movies like Problem Child 3: Junior in Love. When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000. DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three teens filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain. While abroad, Pierce had pivoted to a new venture: Internet Gaming Entertainment, which sold virtual accessories in multiplayer online role-playing games to those desperate to pay, as one Wired reporter put it, “as much as $1,800 for an eight-piece suit of Skyshatter chain mail” rather than earn it in the games themselves. In 2005, a 25-year-old Pierce hired then-Goldman Sachs banker Steve Bannon—just before he would co-found Breitbart News. Two years later, after a World of Warcraft player sued the company for “diminishing” the fun of the game, Steve Bannon replaced Pierce as CEO. Collins-Rector eventually pleaded guilty to eight charges of child enticement and registered as a sex offender. In the years that followed, Pierce waded into the gonzo economy of cryptocurrencies, where he overlapped more than once with Jeffrey Epstein, and counseled him on crypto. In that world, he founded Tether, a cryptocurrency that bills itself as a “stablecoin,” because its value is allegedly tied to the U.S. dollar, and the blockchain software company Block.one. Like his earlier businesses, Pierce’s crypto projects see-sawed between massive investments and curious deals. When Block.one announced a smart contract software called EOS.IO, the company raised $4 billion almost overnight, setting an all-time record before the product even launched. The Securities and Exchange Commission later fined the company $24 million for violating federal securities law. After John Oliver mocked the ordeal, calling Pierce a “sleepy, creepy cowboy,” Block.one fired him. Tether, meanwhile, is currently under investigation by the New York Attorney General for possible fraud. On July 4, Pierce announced his candidacy for president. His campaign surrogates include a former Cambridge Analytica director and the singer Akon, who recently doubled down on developing an anonymously funded, $6 billion “Wakanda-like” metropolis in Senegal called Akon City. Pierce claims to be bipartisan, and from the 11 paragraphs on the “Policy” section of his website it can be hard to determine where he falls on the political spectrum. He supports legalizing marijuana and abolishing private prisons, but avoids the phrase “climate change.” He wants to end “human trafficking.” His proposal to end police brutality: body cams. His political contributions tell a more one-sided story. Pierce’s sole Democratic contribution went to the short-lived congressional run of crypto candidate Brian Forde. The rest went to Republican campaigns like Marco Rubio, Rick Perry, John McCain, and the National Right to Life Political Action Committee. Last year alone, Pierce gave over $44,000 to the Republican National Committee and more than $55,000 to Trump’s re-election fund. Pierce spoke to The Daily Beast from his tour bus and again over email. Those conversations have been combined and edited for clarity. You’re announcing your presidential candidacy somewhat late, and historically, third-party candidates haven’t had the best luck with the executive office. If you don’t have a strong path to the White House, what do you want out of the race? I announced on July 4, which I think is quite an auspicious date for an Independent candidate, hoping to bring independence to this country. There’s a lot of things that I can do. One is: I’m 39 years old. I turn 40 in November. So I’ve got time on my side. Whatever happens in this election cycle, I’m laying the groundwork for the future. The overall mission is to create a third major party—not another third party—a third major party in this country. I think that is what America needs most. George Washington in his closing address warned us about the threat of political parties. John Adams and the other founding fathers—their fear for our future was two political parties becoming dominant. And look at where we are. We were warned. I believe, having studied systems, any time you have a system of two, what happens is those two things come together, like magnets. They come into collision, or they become polarized and become completely divided. I think we need to rise above partisan politics and find a path forward together. As Albert Einstein is quoted—I’m not sure the line came from him, but he’s quoted in many places—he said that the definition of insanity is making the same mistake or doing the same thing over and over and over again, expecting a different result. [Ed. note: Einstein never said this.] It feels like that’s what our election cycle is like. Half the country feels like they won, half the country feels like they lost, at least if they voted or participated. Obviously, there’s another late-comer to the presidential race, and that’s Kanye West. He’s received a lot of flak for his candidacy, as he’s openly admitted to trying to siphon votes away from Joe Biden to ensure a Trump victory. Is that something you’re hoping to avoid or is that what you’re going for as well? Oh no. This is a very serious campaign. Our campaign is very serious. You’ll notice I don’t say anything negative about either of the two major political candidates, because I think that’s one of the problems with our political system, instead of people getting on stage, talking about their visionary ideas, inspiring people, informing and educating, talking about problems, mentioning problems, talking about solutions, constructive criticism. That’s why I refuse to run a negative campaign. I am definitely not a spoiler. I’m into data, right? I’m a technologist. I’ve got digital DNA. So does most of our campaign team. We’ve got our finger on the pulse. Most of my major Democratic contacts are really happy to see that we’re running in a red state like Wyoming. Kanye West’s home state is Wyoming. He’s not on the ballot in Wyoming I could say, in part, because he didn’t have Akon on his team. But I could also say that he probably didn’t want to be on the ballot in Wyoming because it’s a red state. He doesn’t want to take additional points in a state where he’s only running against Trump. But we’re on the ballot in Wyoming, and since we’re on the ballot in Wyoming I think it’s safe—more than safe, I think it’s evident—that we are not here to run as a spoiler for the benefit of Donald Trump. In running for president, you’ve opened yourself up to be scrutinized from every angle going back to the beginning of your career. I wanted to ask you about your time at the Digital Entertainment Network. Can you tell me a little bit about how you started there? You became a vice president as a teenager. What were your qualifications and what was your job exactly? Well, I was the co-founder. A lot of it was my idea. I had an idea that people would use the internet to watch videos, and we create content for the internet. The idea was basically YouTube and Hulu and Netflix. Anyone that was around in the ‘90s and has been around digital media since then, they all credit us as the creators of basically those ideas. I was just getting a message from the creator of The Vandals, the punk rock band, right before you called. He’s like, “Brock, looks like we’re going to get the Guinness Book of World Records for having created the first streaming television show.” We did a lot of that stuff. We had 30 television shows. We had the top most prestigious institutions in the world as investors. The biggest names. High-net-worth investors like Terry Semel, who’s chairman and CEO of Warner Brothers, and became the CEO of Yahoo. I did all sorts of things. I helped sell $150,000 worth of advertising contracts to the CEOs of Pepsi and everything else. I was the face of the company, meeting all the major banks and everything else, selling the vision of what the future was. You moved in with Marc Collins-Rector and Chad Shackley at a mansion in Encino. Was that the headquarters of the business? All start-ups, they normally start out in your home. Because it’s just you. The company was first started out of Marc’s house, and it was probably there for the first two or three months, before the company got an office. That’s, like, how it is for all start-ups. were later a co-defendant in the L.A. County case filed against Marc Collins-Rector for plying minors with alcohol and drugs, in order to facilitate sexual abuse. You were dropped from the case, but you settled with one of the men for $21,600. Can you explain that? Okay, well, first of all, that’s not accurate. Two of the plaintiffs in that case asked me if I would be a plaintiff. Because I refused to be a part of the lawsuit, they chose to include me to discredit me, to make their case stronger. They also went and offered 50 percent of what they got to the house management—they went around and offered money to anyone to participate in this. They needed people to corroborate their story. Eventually, because I refused to participate in the lawsuit, they named me. Subsequently, all three of the plaintiffs apologized to me, in front of audiences, in front of many people, saying Brock never did anything. They dismissed their cases. Remember, this is a civil thing. I’ve never been charged with a crime in my life. And the last plaintiff to have his case dismissed, he contacted his lawyer and said, “Dismiss this case against Brock. Brock never did anything. I just apologized. Dismiss his case.” And the lawyer said, “No. I won’t dismiss this case, I have all these out-of-pocket expenses, I refuse to file the paperwork unless you give me my out-of-pocket expenses.” And so the lawyer, I guess, had $21,000 in bills. So I paid his lawyer $21,000—not him, it was not a settlement. That was a payment to his lawyer for his out-of-pocket expenses. Out-of-pocket expenses so that he would file the paperwork to dismiss the case. You’ve said the cases were unfounded, and the plaintiffs eventually apologized. But your boss, Marc Collins-Rector later pleaded guilty to eight charges of child enticement and registered as a sex offender. Were you aware of his behavior? How do you square the fact that later allegations proved to be true, but these ones were not? Well, remember: I was 16 and 17 years old at the time? So, no. I don’t think Marc is the man they made him out to be. But Marc is not a person I would associate with today, and someone I haven’t associated with in a very long time. I was 16 and 17. I chose the wrong business partner. You live and you learn. You’ve pointed out that you were underage when most of these allegations were said to take place. Did you ever feel like you were coerced or in over your head while working at DEN? I mean, I was working 18 hours a day, doing things I’d never done before. It was business school. But I definitely learned a lot in building that company. We raised $88 million. We filed our [form] S-1 to go public. We were the hottest start-up in Los Angeles. In 2000, you left the country with Marc Collins-Rector. Why did you leave? How did you spend those two years abroad? I moved to Spain in 1999 for personal reasons. I spent those two years in Europe working on developing my businesses. Interpol found you in 2002. The house where you were staying reportedly contained guns, machetes, and child pornography. Whose guns and child porn were those? Were you aware they were in the house, and how did those get there? My lawyers have addressed this in 32 pages of documentation showing a complete absence of wrongdoing. Please refer to my webpage for more information. [Ed. Note: The webpage does not mention guns, machetes, or child pornography. It does state:“It is true that when the local police arrested Collins-Rector in Spain in 2002 on an international warrant, Mr. Pierce was also taken into custody, but so was everyone at Collins-Rector’s house in Spain; and it is equally clear that Brock was promptly released, and no charges of any kind were ever filed against Brock concerning this matter.”] What do you make of the allegations against Bryan Singer?[Ed. Note: Bryan Singer, a close friend of Collins-Rector, invested at least $50,000 in DEN. In an Atlantic article outlining Singer’s history of alleged sexual assault and statutory rape, one source claimed that at age 15, Collins-Rector abused him and introduced him to Singer, who then assaulted him in the DEN headquarters.] I am aware of them and I support of all victims of sexual assault. I will let America’s justice system decide on Singer’s outcome.
In 2011, you spoke at the Mindshift conference supported by Jeffrey Epstein. At that point, he had already been convicted of soliciting prostitution from a minor. Why did you agree to speak? I had never heard of Jeffrey Epstein. His name was not on the website. I was asked to speak at a conference alongside Nobel Prize winners. It was not a cryptocurrency conference, it was filled with Nobel Prize winners. I was asked to speak alongside Nobel Prize winners on the future of money. I speak at conferences historically, two to three times a week. I was like, “Nobel Prize winners? Sounds great. I’ll happily talk about the future of money with them.” I had no idea who Jeffrey Epstein was. His name was not listed anywhere on the website. Had I known what I know now? I clearly would have never spoken there. But I spoke at a conference that he cosponsored. What’s your connection to the Clinton Global Initiative? Did you hear about it through Jeffrey Epstein? I joined the Clinton Global Initiative as a philanthropist in 2006 and was a member for one year. My involvement with the Initiative had no connection to Jeffrey Epstein whatsoever.
You’ve launched your campaign in Minnesota, where George Floyd was killed by a police officer. How do you feel about the civil uprising against police brutality? I’m from Minnesota. Born and raised. We just had a press conference there, announcing that we’re on the ballot. Former U.S. Senator Dean Barkley was there. So that tells you, when former U.S. Senators are endorsing the candidate, right? [Ed. note: Barkley was never elected to the United States Senate. In November of 2002, he was appointed by then Minnesota Governor Jesse Venture to fill the seat after Sen. Paul Wellstone died in a plane crash. Barkley’s term ended on Jan. 3, 2003—two months later.] Yes, George Floyd was murdered in Minneapolis. My vice-presidential running mate Karla Ballard and I, on our last trip to Minnesota together, went to visit the George Floyd Memorial. I believe in law and order. I believe that law and order is foundational to any functioning society. But there is no doubt in my mind that we need reform. These types of events—this is not an isolated incident. This has happened many times before. It’s time for change. We have a lot of detail around policy on this issue that we will be publishing next week. Not just high-level what we think, not just a summary, but detailed policy. You said that you support “law and order.” What does that mean? “Law and order” means creating a fair and just legal system where our number one priority is protecting the inalienable rights of “Life, Liberty and the pursuit of Happiness” for all people. This means reforming how our police intervene in emergency situations, abolishing private prisons that incentivize mass incarceration, and creating new educational and economic opportunities for our most vulnerable communities. I am dedicated to preventing crime by eliminating the socioeconomic conditions that encourage it. I support accountability and transparency in government and law enforcement. Some of the key policies I support are requiring body-cams on all law enforcement officers who engage with the public, curtailing the 1033 program that provides local law enforcement agencies with access to military equipment, and abolishing private prisons. Rather than simply defund the police, my administration will take a holistic approach to heal and unite America by ending mass incarceration, police brutality, and racial injustice. Did you attend any Black Lives Matter protests? I support all movements aimed at ending racial injustice and inequality. I have not attended any Black Lives Matter protests. My running-mate, Karla Ballard, attended the March on Washington in support of racial justice and equality. Your platform doesn’t mention the words “climate change.” Is there a reason for that? I’m not sure what you mean. Our policy platform specifically references human-caused climate change and we have a plan to restabilize the climate, address environmental degradation, and ensure environmental sustainability. [Ed. Note: As of writing the Pierce campaign’s policy platform does not specifically reference human-caused climate change.] You’ve recently brought on Akon as a campaign surrogate. How did that happen? Tell me about that. Akon and I have been friends for quite some time. I was one of the guys that taught him about Bitcoin. I helped make some videogames for him, I think in 2012. We were talking about Bitcoin, teaching him the ropes, back in 2013. And in 2014, we were both speaking at the Milken Global Conference, and I encouraged him to talk about how Bitcoin, Africa, changed the world. He became the biggest celebrity in the world, talking about Bitcoin at the time. I’m an adviser to his Akoin project, very interested in the work that he’s doing to build a city in Africa. I think we need a government that’s of, for, and by the people. Akon has huge political aspirations. He obviously was a hugely successful artist. But he also discovered artists like Lady Gaga. So not only is he, himself, a great artist, but he’s also a great identifier and builder of other artists. And he’s been a great businessman, philanthropist. He’s pushing the limits of what can be done. We’re like-minded individuals in that regard. I think he’ll be running for political office one day, because he sees what I see: that we need real change, and we need a government that is of, for, and by the people. You mentioned that you’re an adviser on Akoin. Do you have any financial investments in Akoin or Akon City? I don’t believe so. I’d have to check. I have so much stuff. But I don’t believe that I have any economic interests in his stuff. I’d have to verify that. We’ll get back to you. I don’t believe that I have any economic interests. My interest is in helping him. He’s a visionary with big ideas that wants to help things in the world. If I can be of assistance in helping him make the world a better place, I’m all for it. I’m not motivated by money. I’m not running for office because I’m motivated by power. I’m running for office because I’m deeply, deeply concerned about our collective future. You’ve said you’re running on a pro-technology platform. One week into your campaign last month, a New York appeals court approved the state Attorney General’s attempt to investigate the stablecoin Tether for potentially fraudulent activity. Do you think this will impact your ability to sell people on your tech entrepreneurship? No, I think my role in Tether is as awesome as it gets. It was my idea. I put it together. But I’ve had no involvement in the company since 2015. I gave all of my equity to the other shareholders. I’ve had zero involvement in the company for almost six years. It was just my idea. I put the initial team together. But I think Tether is one of the most important innovations in the world, certainly. The idea is, I digitized the U.S. dollar. I used technology to digitize currency—existing currency. The U.S. dollar in particular. It’s doing $10 trillion a year. Ten trillion dollars a year of transactional volume. It’s probably the most important innovation in currency since the advent of fiat money. The people that took on the business and ran the business in years to come, they’ve done things I’m not proud of. I’m not sure they’ve done anything criminal. But they certainly did things differently than I would do. But it’s like, you have kids, they turn 18, they go out into the world, and sometimes you’re proud of the things they do, and sometimes you shake your head and go, “Ugh, why did you do that?” I have zero concerns as it relates to me personally. I wish they made better decisions. What do you think the investigation will find? I have no idea. The problem that was raised is that there was a $5 million loan between two entities and whether or not they had the right to do that, did they disclose it correctly. There’s been no accusations of, like, embezzlement or anything that bad. [Ed. Note: The Attorney General’s press release on the investigation reads: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds.”] But there’s been some disclosure things, that is the issue. No one is making any outrageous claims that these are people that have done a bunch of bad—well, on the internet, the media has said that the people behind the business may have been manipulating the price of Bitcoin, but I don’t think that has anything to do with the New York investigation. Again, I’m so not involved, and so not at risk, that I’m not even up to speed on the details. [Ed note: A representative of the New York State Attorney General told Forbes that he “cannot confirm or deny that the investigation” includes Pierce.] We’ve recently witnessed the rise of QAnon, the conspiracy theory that Hollywood is an evil cabal of Satanic pedophiles and Trump is the person waging war on them. You mentioned human trafficking, which has become a cause for them. What are your thoughts on that? I’ve watched some of the content. I think it’s an interesting phenomenon. I’m an internet person, so Anonymous is obviously an organization that has been doing interesting stuff. It’s interesting. I don’t have a big—conspiracy theory stuff is—I guess I have a question for you: What do you think of all of it, since you’re the expert? You know, I think it’s not true, but I’m not running for president. I do wonder what this politician [Georgia congressional candidate Marjorie Taylor Greene], who’s just won her primary, is going to do on day one, once she finds out there’s no satanic cabal room. Wait, someone was running for office and won on a QAnon platform, saying that Hollywood did—say what? You’re the expert here. She won a primary. But I want to push on if we only have a few minutes. In 2006, your gaming company IGE brought on Steve Bannon as an investor. Goldman later bought out most of your stock. Bannon eventually replaced you as CEO of Affinity. You’ve described him as your “right-hand man for, like, seven years.” How well did you know Bannon during that time? Yes, so this is in my mid-twenties. He wasn’t an investor. He worked for me. He was my banker. He worked for me for three years as my yield guide. And then he was my CEO running the company for another four years. So I haven’t worked with Steve for a decade or so. We worked in videogame stuff and banking. He was at Goldman Sachs. He was not in the political area at the time. But he was a pretty successful banker. He set up Goldman Sachs Los Angeles. So for me, I’d say he did a pretty good job. During your business relationship, Steve Bannon founded Breitbart News, which has pretty consistently published racist material. How do you feel about Breitbart? I had no involvement with Breitbart News. As for how I feel about such material, I’m not pleased by any form of hate-mongering. I strongly support the equality of all Americans. Did you have qualms about Bannon’s role in the 2016 election? Bannon’s role in the Trump campaign got me to pay closer attention to what he was doing but that’s about it. Whenever you find out that one of your former employees has taken on a role like that, you pay attention. Bannon served on the board of Cambridge Analytica. A staffer on your campaign, Brittany Kaiser, also served as a business director for them. What are your thoughts on their use of illicitly-obtained Facebook data for campaign promotional material? Yes, so this will be the last question I can answer because I’ve got to be off for this 5:00 pm. But Brittany Kaiser is a friend of mine. She was the whistleblower of Cambridge Analytica. She came to me and said, “What do I do?” And I said, “Tell the truth. The truth will set you free.” [Ed. Note: Investigations in Cambridge Analytica took place as early as Nov. 2017, when a U.K. reporter at Channel 4 News recorded their CEO boasting about using “beautiful Ukranian girls” and offers of bribes to discredit political officials. The first whistleblower was Christopher Wylie, who disclosed a cache of documents to The Guardian, published on Mar. 17, 2018. Kaiser’s confession ran five days later, after the scandal made national news. Her association with Cambridge Analytica is not mentioned anywhere on Pierce’s campaign website.] So I’m glad that people—I’m a supporter of whistleblowers, people that see injustice in the world and something not right happening, and who put themselves in harm’s way to stand up for what they believe in. So I stand up for Brittany Kaiser. Who do you think [anonymous inventor of Bitcoin] Satoshi Nakamoto is? We all are Satoshi Nakamoto. You got married at Burning Man. Have you been attending virtual Burning Man? I’m running a presidential campaign. So, while I was there in spirit, unfortunately my schedule did not permit me to attend. OP note: please refer to the original article for reference links within text (as I've not added them here!)
Bit off more than I can chew but still seeing it thru!
Let me first preface this with the following: A: I am a musician/singehobbyist coder. B: I have never used a jigsaw before. C: I embarrassingly enough had to google how to properly read a ruler. D: Router to me means, internet. E: Home Depot can be scary for those who have no idea what they are doing. F. Home Depot is even scarier when you find out you know more than the employee that is helping you. G: MDF is heavier than you can ever imagine. Please please please bring a friend or two. I am not by any means weak. Each board is 96 lbs! H: MDF is messy as hell!!! I had to dust my whole living room after putting plastic over everything and just routing 12 inches of the arcade to test my t-molding. (More on that later). I: I am positive most of you out there will laugh at me thinking ,”What the hell was he thinking?” Well you know what? Fair enough.. I thought I was. And hey, I still built my dream arcade. Yes I took the long way but whatever.... So, let us begin on the journey..... If you are here to just scan thru and find info on how to build your arcade quickly, please email me at [email protected] and ask me there. I will do my best to reply quickly. (Not very busy at the moment). Otherwise, hang on...it’s goin to be a VERY bumpy ride. At least it was for my jigsaw and router. PART ONE: THE DREAM I was born July 16 1974. I will never forget my first arcade. The sounds of all the machines going off at once. My Dad giving me a five dollar bill out of his brown corduroy jacket to get quarters was like I hit the jackpot. All 20 quarters barely fitting into my little hands, I felt rich!! This was also about the time the TV show Silver Spoons came out. I remember Ricky Schroeder having a few upright cabinets in his house. At that age I thought, ehh I’ll never have that. I grew up in the Southside of Chicago. Bridgeport. The land of Mayor Daley, Catholics and hot dogs. Arcade cabinets were for the wealthy and arcades, not for me. From then on, my Dad would take me to every arcade we could find, until they stopped. (I am 46 and we still play PlayStation 3 games together now that arcades are closed down). I have even learned how to code, 3D build in Blender and create my own VR arcades. But it’s not the same. So one day I spilled the beans to my wife who had no idea of my inner wanting. PART TWO: HERE WE GO! It was around my 46th birthday when all of my family came together to help me purchase the gear to create my dream! My father in law helped me measure out the pieces but made me saw them with the jigsaw I borrowed. My real Dad is still in Chicago. I had the Home Depot guy cut the 8 x 4’ MDF into 5.5’ x 4’ MDF. Guess what? They still didn’t fit in the suv. So we roped them to the roof and rolled our windows down driving slow hoping they wouldn’t t fall off. Just like The Beverly Hillbillies! We cut them outside at his home in the yard because I heard about how much dust it created and would be either evicted or divorced if I did that here. Once we were done cutting:.... I piled all of the heavy pieces into my tiny Prius and lugged them up into our apartment. Before that, I must tell you where I got my plans. Geekpub.com was who I settled on as I had been googling like crazy trying to find the easiest and best plans etc.. Mike on Geekpub is fantastic. However, if you are a noob like myself, message me. I was confused over a few things and ended up returning a lot of items back to Amazon that I never needed. No worries. Mike at GeekPub is a total pro with a pro workshop. He even mines his own Bitcoin!!!! He is my new hero. Anyways, he leaves a few things out that most of you would probably already know. (Which is why I’m sure he didn’t mention it). Like, never use water based paint for MDF. Always prime MDF. You don’t need a piano hinge for a full upright. Etc.... Mike made his arcade with cream of the crop gear. I had to improvise with only a jigsaw, router, drill and sandpaper. I bought brad nails but never used them. mike has a fancy air compressor nail gun he uses. I do not possess that. But, I DID use wood glue and pax MDF screws that I found at Home Depot and bought only because they said MDF! They contain their own bit to use which is a star shaped but.
It’s crazy how strong wood glue is. I glued a brace in the wrong spot and had to chisel it off 2 hours later!! Be careful and triple check. Take it from me!!!
For your control panel Mike recommends Forstner bits for your control panel and I agree. Do yourself a favor and get these. When it comes to routing out for the T Molding, I did it with a portable hand router. I DID purchase my bit on Amazon. PART THREE: LEARN THY TOOLS Ok so if you are going to borrow a router, find out the size of the shank before you order your bit for the t-molding slot. I originally ordered the 1/2 “ shank only to find out it needed the 1/4”. Also, take note or the size you need when ordering your t-molding! Always rout from left to right. And again, if you are using MDF, mask your home with plenty of plastic. Make it look like in ET when they come to take home away. You’ll be glad you did!!! If you are screwing into MDF, go slow and try to limit the times you have to re screw or else the wood fibers will split on you and your screw will just keep turning. PART FOUR: PAINT I haven’t started this yet but have learned a lot from researching other’s builds. I learned to NEVER use water based anything on MDF as it will ruin it by swell. I will add more info once I purchase my items from you know where. I also made many mistakes by trying to saw a straight line with a jigsaw. No...I didn’t know about a straight edge guide.. Anyways, I just ordered a hand plane and I hope this will fix it. Will update soon! Final -ish thoughts: I’m positive I left out a bunch. I recommend you go to geekpub.com and buy the guild pass. I have zero affiliation with Mike. But am a big supporter as he does have quite a lot of knowledge. If you would like to just learn thru me, I can get you set and rolling with the knowledge that I have. [email protected] Cheers, Jesse
https://soundcloud.com/user-807100315/hostinger-best-web-hosting-review Visit at- https://webhostingservice.home.blog/2019/06/02/hostinger-free/ There's no uncertainty that with regards to web hosting, Hostinger is just the least expensive choice accessible today, with costs beginning at $0.99 every month. No other organization figures out how to try and approach. A large portion of them offer a fundamental arrangement for multiple times the cost. Believing that it's unrealistic? It isn't. Yet, let me let you in on a little mystery at this moment. To get the best costs, you'll need to focus on Hostinger for quite a while. This would be a keen activity – if the administration is really extraordinary. Since your guests couldn't think less about the amount you pay for hosting. They do think about quick stacking speeds, and about really having the option to arrive at your site when they have to. They additionally need to realize that their own information will be secure and ensured. Could Hostinger offer that? I have my assessments; however I would not like to put together my audit with respect to my supposition alone. As Website Planet is accessible in various dialects, for some odd reason we have web hosting specialists dissipated everywhere on over the world. This was my brilliant chance to play out an enormous scope test, and I chose to do precisely that. We had 30 specialists join to Hostinger and dispatch a neighborhood form of our testing website in 30 distinct nations. They messed with each accessible element, observed stacking velocities and execution, and even besieged client care with questions. They contrasted the outcomes and other mainstream has, as SiteGround and InterServer. This speedy response to every one of our inquiries is that Hostinger performed strikingly well. In certain nations, similar to Russia, it came in at #4. In others, similar to Israel, Hostinger grabbed the #1 place. Peruse on for the long answer. I've point by point my full close to home involvement in Hostinger, and I'll disclose precisely how to take advantage of what the organization offers. To perceive how Hostinger looks at to different administrations, look at our rundown of the top web has. Everything an Amateur Needs With costs being as low as they may be, my restless character quickly recognized two zones where Hostinger may be attempting to pull one over on me: highlights and execution. Indeed, I'd love to pay half of what the contenders charge, yet I would prefer not to get just 50% of what they give. Fortunately, that wasn't the situation by any means, as Hostinger's arrangements incorporate all that I expected to get moving, from abundant assets to execution boosting apparatuses. Three shared hosting plans are accessible – Single, Premium, and Business. Each of the three works on head of Hostinger's own special control board, cPanel, which incorporates simple auto establishments of WordPress and many other substances the executive’s frameworks (CMS). I pursued the essential arrangement, which accompanied 10GB of plate space, 100GB of transfer speed, 1 email record, and backing for a solitary website. It's sufficient assets to construct an entirely good website – consider hundreds pages and a huge number of HD pictures. Certainly enough to grandstand your composition, innovativeness, items, administrations, or whatever you're anticipating hosting. The two progressed plans accompany boundless data transmission, boundless email accounts, and boundless websites. Some additional advantages that you won't get with the Single arrangement incorporate SSH access for you Linux-sharp designers, boundless sub domains, and boundless information bases. Programmed every day reinforcements are the one basic component that the fundamental arrangement needs, which means you'll need to perform reinforcements physically or buy the administration as a different extra. Hostinger has an intuitive website manufacturer by the name of Zyro, however it isn't accessible as a component of the hosting plans. Before we dive further into Hostinger's best highlights, a word on the VPS and cloud plans. Hostinger is above all else a mutual hosting supplier. Try not to be that person who goes to the best pizza joint around and requests pasta. There are has that represent considerable authority in VPS and cloud administrations – Fluid Web and Kinsta, for instance – and keeping in mind that Hostinger's contributions in the field aren't the most exceedingly terrible, there's no motivation to go for them. cPanel Has All the Fundamental Highlights, yet Does not have Some Serious Ones As I said previously, Hostinger has built up its own exclusive control board, which means you won't get the chance to play with the dearest cPanel that you know and love. What's that? You don't create enthusiastic connections to hosting control boards? All things considered, you're the bizarre one. At any rate, while cPanel used to be the standard control board you'd get with most has (counting Hostinger), things change. Because of some exhausting venture show that happened some time back, has have been exchanging boards left and right. cPanel is Hostinger's endeavor into the board world, and you'll see it furnished with all the treats you need. From simple auto establishments and DNS zones setups to email accounts, a record administrator, and MySQL information bases, it's all fundamentally the same as what cPanel offers. However, a few things are unique. For instance, auto establishments in cPanel are finished with Softaculous, which additionally lets you clone your site, set up an arranging variant, and even design a reinforcement plan. cPanel's Auto Installer works admirably at auto-introducing WordPress, yet does not have these valuable additional items. Progressed email highlights, such as mailing records, channels, and routings, are additionally absent from cPanel. Did I ever really use them myself when they were accessible to me? Truly, never. I don't know who does. Yet, that is cPanel for you – it probably won't be equipped for everything, except it's certainly enough for most clients. Amazing Reserving On account of the LiteSpeed Web Worker LiteSpeed isn't the physical metal worker, however the web worker innovation that Hostinger employments. It reliably positions as one of the quickest and most dependable web workers, beating the more seasoned Apache innovation that hosts like GoDaddy despite everything use. You won't need to successfully arrange it. Simply kick back and appreciate the first class execution it conveys, particularly for WordPress websites. What you can do, and assuredly ought to do, is initiate LiteSpeed's reserving capacity, known as LSCache. Sounds excessively specialized? Indeed, turning on the Programmed Store alternative basically summarizes it. Stored duplicates of your pages will be made, fundamentally slicing conveyance times to guests. Static pages, similar to business pages and portfolios, will profit by this significantly more. A SSL Declaration that you could conceivably be getting You need a SSL testament. Regardless of what you think and regardless of what anyone might've let you know – you need a SSL. Why? Since without a SSL authentication to scramble and secure your guests' information, the numerous wrongs prowling on the web will seek it. You'll not exclusively be taking a chance with your undertaking and your guests' wellbeing; however you'll additionally endure a shot on Google's rankings. Today, Hostinger furnishes a SSL with the entirety of its arrangements. In the metaphorical yesterday, which for my situation was only two or three months back, no testament was given. What will happen tomorrow is impossible to say. Hostinger regularly messes with its arrangement highlights, and I propose that you triple-check and ensure that a SSL is to be sure included with your arrangement. Realize that if a SSL is excluded, it's conceivable to buy one as a different extra. In any case, that shouldn't be the situation. All that Is All around Structured, however you’ll be under Consistent Assault from up sell Pop-Ups. Laying it out plainly, Hostinger's client experience specialists have designed an awesome interface and client venture, from information exchange to utilizing and dealing with your hosting. Thing is, Hostinger's business methodology depends on continually pushing you to overhaul and buy additional items. It's irritating, best case scenario, and confounding at the very least. Yet at the same time, the plans are unmistakably spread out, and all Hostinger requests on information exchange is your name, an email address, and a secret word. Yahoo for getting rid of all the insignificant data that different hosts are so enthused about gathering. Interfacing a Domain and Introducing WordPress In the wake of buying my arrangement, the time had come to associate a domain and introduce WordPress. I was given the choice to consequently introduce WordPress as a major aspect of the information exchange measure, however I decided to do it the normal way, utilizing the control board itself, to check how Hostinger's apparatuses contrast with what different hosts give. Presently, my domain was really included with the expectation of complimentary when I bought the Single arrangement, which means it was at that point associated with the hosting. Today, for reasons unknown, just the serious plans accompany a free domain. In the event that you wind up getting your domain name from another supplier, interfacing it is simple. Nameserver data is promptly accessible at the head of your hosting subtleties page, and you should simply duplicate glue them into your domain board. Shouldn't something be said about WordPress? I opened the Auto Installer instrument, picked WordPress as my CMS of decision, and entered the essential website subtleties. It was much easier than how Softaculous gets things done, and my new website was ready for action inside one moment. Dealing with Your Hosting with hPanel Is Simple We've secured the way toward getting your website on the web, however starting here on you'll despite everything use cPanel to make alters and changes to your hosting. Setting up an email account, running manual reinforcements, dealing with the information bases, and the sky is the limit from there, are largely possible through cPanel. How can everything contrast with getting things done with cPanel? Indeed, as I would like to think, it's out and out simpler. hPanel symbols are greater and better sorted out, the interface isn't as jumbled with additional alternatives that you'll never utilize, and the combination with Hostinger's different administrations (uphold, buying additional items, seeing charging) is consistent. All in all, would we be able to consider it an ideal usability experience? Actually no, not so much. The explanation, as I said previously, is that periodically your work process will be harmed by up sell pop-ups. Think rolling out a basic improvement to your DNS records, just to be welcomed with this: I didn't "Increase present expectations." I didn't really do anything aside from sign in. Yet, Hostinger is enthusiastic about pushing plan redesigns, and you'll need to consistently be set up to close down these endeavors, of which there are many. Don't count on the possibility that these pop-ups imply that you've by one way or another spent your assets and need to redesign. Pass on, It's the Quickest Common Hosting Administration We Tried Speed and uptime that is what I'm searching for. Tragically, shared hosting administrations will in general vacillate in these regions, no doubt. The explanation is that as the name infers, you're offering assets to numerous different clients and their websites – in some cases up to many others. It takes an extraordinary host to adjust everything and stay away from a bottleneck circumstance where everything's moderate and no one's cheerful. I'm extremely glad to report that Hostinger exceeded expectations in the presentation tests, yet it really surpassed each other shared host that we tried, including the top-level SiteGround, FastComet, and InMotion Hosting. The main two has that improved, and just barely, were the superior Fluid Web (Nexcess) and Kinsta. Incidentally, they can cost around 20 fold the amount of as Hostinger. Just to give you a thought of Hostinger's capacities, the normal stacking season of my completely fledged greeting page was an exceptional 1.56s, and uptime over a couple of long stretches of testing was as much as 99.99%, precisely as guaranteed. I'm going to nerd out and clarify the testing technique and the outcomes in detail, yet on the off chance that you needn't bother with all the specialized data, don't hesitate to avoid ahead to my encounters with Hostinger's help. I'll simply say it again – Hostinger's presentation shook. As I do with all hosts I test, I stretched out Hostinger the chance to streamline my website and make it quicker. This is something you can (and should) do too – simply approach uphold for help. The operator prompted that I update WordPress and PHP to their most recent forms, and introduce a couple of regular enhancement modules. I actualized the exhortation, and continued with testing. The testing itself was finished utilizing three apparatuses: GTmetrix Genius, the Sucuri Burden Time Analyzer, and Uptime Robot's Professional arrangement. The Dallas, TX, GTmetrix worker was utilized to quantify speed and advancement scores in the US. Sucuri was utilized for worldwide execution experiences, and Uptime Robot – who could have imagined – for following the website's uptime and accessibility online in rates. GTmetrix I ran various GTmetrix tests over a couple of months, totaled the outcomes, and determined the best, slowest, and normal paces. Hostinger indicated a promising normal stacking season of 1.56s. The best recorded time was 1.0s, and the slowest one was 1.9s. Not exclusively is the slowest stacking time well underneath the 3s imprint (where the majority of your guests will likely escape), however the normal scores demonstrate that Hostinger is as solid as anyone might imagine. You can see that score-wise, we're getting twofold Bs. That is totally satisfactory, yet in addition probably the most noteworthy score I found in my tests. The main thing left to do so as to get full scores is to improve the pictures further. Sucuri Burden Time Analyzer As with GTmetrix, I ran Sucuri tests on numerous occasions. Sucuri gives you the stacking speed results for some worldwide areas, and I determined the midpoints of the quickest area (which was obviously in the US, near my server farm), the slowest area (Bangalore, India – the opposite side of the world), and the worldwide normal. The normal for the quickest area was an incredible 0.177s, while even in old fashioned Bangalore the normal was good – 1.11s. The worldwide normal was 0.499s, which earned my website an A worldwide position. Frankly? I was shocked by these numbers. A worldwide normal of 0.499s is unfathomable for a common host, and everything I did to "streamline" my site was introduce a couple modules. There wasn't so much as a CDN (Content Conveyance System) dynamic. That is LiteSpeed and LSCache for you, women and respectable men. Get it while it's hot. Uptime Robot What great are quick speeds if your website has low accessibility? Nothing but bad. Fortunately, Hostinger is keeping it tight with practically immaculate uptime – 99.997% in the course of recent months. I'm proceeding to track and update the outcomes; however coming barely short of 100% is actually what I request from my host. Uptime ensure shrewd, the circumstance is somewhat extraordinary. There's apparently a 99.99% uptime ensure gave, yet Hostinger has a genuine scrappy lawful clarification of when and how you can get your cash back. It generally seems like "never" to me, and regardless of whether you some way or another fit the bill for a cash back (as exclusively dictated by them), it's a measly 5% of your month to month cost. Goodness, and it's only for store credit. In any case, beside this assurance issue, Hostinger truly blows it out of the recreation center in the exhibition test. When Extraordinary, Presently… Requires Tolerance As a long-term client of Hostinger, I've had the delight of testing it over and over… and once more. One of my preferred pieces of the administration used to be the help. There wasn't (and still isn't) any telephone uphold accessible, yet stunning, was live talk a successful method of finding support. Day in and day out help, kept an eye on by experts, and supported by a broad information base of immense extents. The main issue? While the operators used to react in a flash, today they take around 40 minutes to hit you up. In some cases live talk isn't even accessible, and you're moved to some ticket/email framework which I've had next to no karma with. I'll be totally fair with you about what this implies: it will be you and the information base. You can't rely on having an hour accessible to just stick around, and in any event, when the operators do reply, that is only the start of the cycle. With 3 brief reaction times in the middle of messages, posing some straightforward inquiries can expand into a whole workday. The Least expensive Long haul Costs Available, by a wide margin Truly, people, this is the explanation you understand this. While going over the many hosting choices accessible today, Hostinger's costs stick out. That is to say, $0.99 every month? That is excessively modest. What's the trick? Straightforward. Hostinger needs you to pursue a significant stretch of time, and it will give you motivating forces to do as such. Four installment periods are accessible: month to month, yearly, bi-yearly, and quadrennial. That final word implies four years, and it's scarcely utilized in light of the fact that practically no other host approaches you to pursue that long. Fortunately pursuing four years will net you what's without a doubt the best cost in the market for shared hosting. Different hosts charge a comparable cost for a yearly arrangement. Crunch the numbers yourself. What's the circumstance when pursuing shorter periods? All things considered, bi-yearly and yearly plans aren't costly, yet they're significantly more in accordance with the market normal. Month to month plans accompany an arrangement expense and don't bode well. Worth insightful, up to a SSL is incorporated (check!), the plans are totally comparable to the business standard. There's additionally a 30-day unconditional promise, so you'll have adequate opportunity to test the administration yourself and check whether it's a solid match. One thing to see during the checkout cycle is that there are a couple of discretionary extra administrations. Fortunately, none of them come pre-checked. I suggest that you skip them all. You can generally include them later at a similar cost, or "convince" a help operator to give you a superior arrangement… dangers of leaving the administration can do something amazing here. Searching for a free domain? Now and again it's remembered for the plans; some of the time it isn't. The serious plans normally accompany one when pursuing a year or more. At the point when I joined, a domain was additionally remembered for the fundamental arrangement. Presently it isn't – go figure. Concerning making installments, notwithstanding the normal charge card and PayPal choices, you'll additionally have the option to pay with bitcoin and different cryptographic forms of money. Whatever your reasons are for needing to have a website secretly, crypto is the best approach to do as such. Hostinger's reasonable shared hosting plans merit your time, your cash, and your thought. Execution has been shockingly extraordinary, and keeping in mind that it's not the most element pressed contribution around, it has all that you truly need. Would it be advisable for you to put it all on the line? In case you're constructing a blog, a business page, an individual task, or a comparative little to-medium website, my answer is a resonating yes. In the event that it's a web based business store you're hoping to fabricate, or a mind boggling administration like an online course gateway, you'll need something more remarkable than shared hosting. It'll cost you, yet Fluid Web and Kinsta are both better prepared for such ventures.
BlockMesh- The next 100X project- Great tech and big advisors - Marketcap < $50k
Let's first talk about MESH technology: It works in a decentralized manner relaying messages to other nodes without a central coordinating server or node. So for example a phone could send a message offline and it would get bounced between other phones to it's final destination. Blockmesh has patented technology, a released app as well as they just announced Mr Shrem from the original Bitcoin foundation on the board. They have pretty hard working team. They said they will start marketing soon. What is BlockMesh BlockMesh’s vision is to create the world's first decentralized, cost-free communications network. All data sent through our network will be absolutely cost-free. Our goal is to become the leaders in mesh technology by reinvesting in the technology and creating a platform where any developer can take advantage of our network with our simple open source API. BlockMesh platform has three major products Mesh Dev MeshDev is a platform built for developers which will enable them to add the mesh networking infrastructure we’ve developed to their current apps/platforms. Thus enabling cost-free data transfeapp use for their users. Mesh Ex MeshEX are our custom Wi-Fi routers which users will be able to install in their homes or offices. They will be rewarded with Mesh Tokens for each MB of data that passes through their router. This not only extends the mesh network, but pays its owner to use it. Mesh Ad MeshAD is a revolutionary take on real-world advertising. Knowing what your audience is interested in, and what they engage with is of utmost importance. Our advertising platform will offer partners the most targeted geo-located and demographic insights ever acquired. Their new chat app is LIVE https://twitter.com/blockmesh_io/status/1261029954919313410 They have patents on their HARDWARE, they are integrating their hardware ALREADY called Mesh Extender Key Ring BlockMesh will compete globally for the peer-to-peer offline communications and remittance market. We’re building a network to support the internet of things in a race for network coverage (predicted that will connect 50 billion IOT devices by 2020.) The MESH Extender (Experimental Stage technology) will extend the mesh network reach of your mobile device. Our initial focus for the Mesh Extenders (MeshEx) will be on communication as it’ll allow us to grow an organic, supported network. BlockMesh is focused on delivering free communication to the undeserved and will incentive's the network with BMH tokens. We believe this approach will fast track mass deployment of devices that will rival existing platforms competing for this market segment. For more details: https://blockmesh.io/Hardware.php Binance is trying VERY hard to break into the African market (1.2 BILLION PEOPLE). They are trying to convert the “Unbanked” into crypto users. What better way than to offer a South African (hotspot for crypto) cryptocurrency? I think Boshmesh has better chance to hit african market. Advisors: Mike Weetman Former CFO of Yahoo and DreamWorks USA Charlie Shrem - Crypto well known figure Few more you can find in their website I think this project defiantly have chance to moonshot. Just sitting at $50K marketcap. This project has potential to reach 50-100 marketcap in bull run easily which is 1000-2000X from now 5M marketcap would puts us 100X in short term 500k marketcap would put us 10X now?? Website: https://blockmesh.io/Faq.php Twitter: https://twitter.com/blockmesh_io Hardware: https://blockmesh.io/Hardware.php
Manager thought my job role was unnecessary , learns the hard way it wasn't
About 20 years ago, I worked in the technology field as a sales engineer, supporting sales reps. A new sales rep manager joined the field team, and didn't like the control sales engineers had over the sales process. Because I was the lead sales engineer, he decided to make me an example of his brilliance. He got a very large lead with a Bank, and proceeded to close a very large deal, without involving any sales engineers at all. Just after the deal closed, he called to gloat, saying something to the effect of "the biggest deal this month, oh wait, you did not participate at all." About a month or so later, I get a call from that manager, in a bit of a panic, and I partake in a conference call with the customer. It is decided I need to come to the company for a meeting. At the meeting I figure out the sales manager and the sales rep totally fucked things up, and sold the customer an incompatible set of solutions. In the meeting I casually mention that maybe the customer could return one bit of stuff, and replace it with another as they were roughly the same price After the meeting sales manager starts bitching at me for mentioning price, price was the exclusive domain the the sales rep! He calls my manager, shit all over me. I didn't like my manager at all, so when he took the sales reps side, I said F you and quit. I send a very lengthy defense of my actions during the meeting to HR. Four months later I get a call from another sales rep still at the company, he asks, "hey what happened at XYZ Bank?, they are suing us". I call XYZ Bank and get the email for the CIO and send them a letter explaining I was the sales engineer for the company you are suing, call me. They eventually sent a lawyer to interview me and get my side of events. My testimony was devastating to my former company's defense, I showed the Bank the letter I sent my HR, in which I claim 'our company lied to the customer to get a sale'. Eventually I get a subpoena to be deposed in the Bank vs. Company law suit by my former company's lawyers. By that time I was working elsewhere, and hanging out on Yahoo stock message boards, and bashing the company's stock. One day another sales rep from a distant territory that I still talked to called me to say that a huge deal we had worked on for over a year had just fallen through in dramatic fashion. I posted it to the yahoo message board devoted to that stock. The stock crashed $13 the next day. I wondered if my post had anything to do with it. About 6 weeks after the stock crash, it's the day before I am supposed to get deposed in the Bank vs. Company matter, I get served with a law suit by the company, they had used the SLAP laws to get my identity from Yahoo, and sue me for the post that crashed their stock! So I went to the deposition the next day, and said, "I'm sorry, the company you represent today just served me with a law suit last night, this deposition is over!" They were dumbfounded. Turns out there were two separate legal teams, one working on defending the company against the bank's suit, and one finding that pesky internet troll that crashed their stock, and the two never noticed the same person was central to each! The company settled with the bank and dropped their suit against me soon thereafter. That long letter I sent to HR, turns out the managers above me didn't read it. Once the lawsuit was over, the sales rep, the sales manager, and his manager were all fired. EDIT : follow on story. When I quit, I also sold my Internet options at ATH: https://www.reddit.com/Bitcoin/comments/8aj6gh/how_i_learned_to_short_the_legend_of_livefreeordie/
protesters who tried mesh-network devices, which basically bounce a message or transaction across a web of devices until it finds a device with internet access, found they were “not useful for a confrontational situation.” Although many protesters use Telegram because it allows chatting without revealing the users’ phone numbers, he said tools that rely on mobile data providers offer limited functionality in times of turmoil. As with protests in the Middle East, sources in Hong Kong said bitcoin and related technologies are not ready for usage in chaotic environments because the movement is still nascent and money generally relies on network effects. At this point, censorship-resistant technology can still be censored as long as it remains too niche. Blockstream bitcoin satellite and mesh network technologies aren’t useful when you’re in a massive internet desert. “In situations where we don’t have physical connection none of these fucking technologies help us,” he said.
Whoa there goes the Mad Max champagne apocalypse bitcoin thesis. You won't rule the world with your few coins if shit hits the fan. Citadels won't exist, they are a meme. It's time to wake up from the dream. Nobody gives a fuck about your buttcoin satellite when there's no internet and the order crumbles.
After all, even if he got a transaction through, there are too few tech-savvy recipients to make digital transactions a worthwhile use of his time. Two weeks ago, a few bitcoin traders found hackers had accessed their mobile phones and stolen cryptocurrency. Local social groups brimmed with concerns about which anonymous trader accounts could be trusted. As reported by the local outlet VDL News, the alleged hacker may have knowledge of the victims’ location and access to a network run by the telecommunications company Touch, because the hack involved intercepting messages at the service level. “They can hijack WhatsApp, Telegram [accounts],” one alleged hacking victim said. “That means you can’t trust your mobile identity. … They [hackers] can create trouble between parties, fake accounts and impersonation.” So this hack served as a wake-up call to the local community. In short, there is no substitute for in-person networking and long-standing relationships. Without them, the privacy created by avatars is also a liability.
Yeah but new trustless paradigm!? Surely those weak hands that lost their coins must understand that this was their own fault for not being grandmasters of cybersecurity high stakes speed chess? Why won't people get it? Just don't lose your coins, it's that simple!
LocalBitcoins data on peer-to-peer bitcoin trades in Hong Kong and Iran don’t show any relative spikes, reflecting the same narrative from over-the-counter Lebansese traders. Many bitcoiners prefer to stay deep underground these days, another Tehran-based bitcoiner said, fearful of attracting the attention of authorities on the hunt for people to suspect and arrest. Scattered and fragmented communities offer scant liquidity on the ground. In fact, Lebanese entrepreneur Dany Moussa told CoinDesk his homeland is predominantly a cash society, so even credit and debit cards might have a learning curve for some. It should also be noted that chatter in Lebanese groups shows hardware wallets don’t always work as designed, so users often need to help each other fix them.
When global crypto exchanges and service providers ban a population due to sanctions or compliance concerns, as they have with Iranians and Lebanese people to some extent, ties to global communities can provide a lifeline. Across the board, sources said that connectivity and accessibility on the ground were the two fundamental challenges.
Bitcoin fixes this.
“I find it ironic that the first world talks about how bitcoin is freedom to the unbanked, but the unbanked have no way to get bitcoin,” he said. “Bitcoin feels like a novelty at times, or a privilege.”
Bitcoin helps hundreds of billions of unbanked across the world already. Surely this is only a minor obstacle on the road to mainstream adoption. As soon as the gubermint turns on the internet again we'll be gucci bro.
Imagine if there was one desk that all stories could cross so that, at 4am, a media plan could be decided upon and disseminated where all news outlets coordinated to set the goalposts of debate and hyper focused on specific issues to drive a narrative to control how you vote and how you spend money; where Internet shills were given marching orders in tandem to what was shown on television, printed in newspapers and spread throughout articles on the World Wide Web. https://i.imgur.com/Elnci0M.png In the past, we had Operation Mockingbird, where the program was supremely confident that it could control stories around the world, even in instructions to cover up any story about a possible “Yeti” sighting, should it turn out they were real. https://i.imgur.com/121LXqy.png If, in 1959, the government was confident in its ability to control a story about a Yeti, then what is their level of confidence in controlling stories, today? https://i.imgur.com/jQFVYew.png https://i.imgur.com/ZKMYGJj.png In fact, we have a recent example of a situation similar to the Yeti. When Bill Clinton and Loretta Lynch met on the TARMAC to spike the Hillary email investigation, the FBI was so confident it wasn’t them, that their entire focus was finding the leaker, starting with searching within the local PD. We have documentation that demonstrates the state of mind of the confidence the upper levels of the FBI have when dealing with the media. https://i.imgur.com/IbjDOkI.png https://i.imgur.com/NH86ozU.png The marriage between mainstream media and government is a literal one and this arrangement is perfectly legal. https://i.imgur.com/OAd4vpf.png But, this problem extends far beyond politics; the private sector, the scientific community, even advice forums are shilled heavily. People are paid to cause anxiety, recommend people break up and otherwise sow depression and nervousness. This is due to a correlating force that employs “systems psychodynamics”, focusing on “tension centered” strategies to create “organizational paradoxes” by targeting people’s basic assumptions about the world around them to create division and provide distraction. https://i.imgur.com/6OEWYFN.png https://i.imgur.com/iG4sdD4.png https://i.imgur.com/e89Rx6B.png https://i.imgur.com/uotm9Cg.png https://i.imgur.com/74wt9tD.png In this day and age, it is even easier to manage these concepts and push a controlled narrative from a central figure than it has ever been. Allen & Co is a “boutique investment firm” that managed the merger between Disney and Fox and operates as an overseeing force for nearly all media and Internet shill armies, while having it’s fingers in sports, social media, video games, health insurance, etc. https://i.imgur.com/zlpBh3c.png https://i.imgur.com/e5ZvFFJ.png Former director of the CIA and Paul Brennan’s former superior George Tenet, holds the reigns of Allen & Co. The cast of characters involves a lot of the usual suspects. https://i.imgur.com/3OlrX7G.png
In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors. Since its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, and Donald Keough. Allen & Co. was one of ten underwriters for the Google initial public offering in 2004. In 2007, Allen was sole advisor to Activision in its $18 billion merger with Vivendi Games. In 2011, the New York Mets hired Allen & Co. to sell a minority stake of the team. That deal later fell apart. In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of Twitter. Allen & Co. was the adviser of Facebook in its $19 billion acquisition of WhatsApp in February 2014. In 2015, Allen & Co. was the advisor to Time Warner in its $80 billion 2015 merger with Charter Communications, AOL in its acquisition by Verizon, Centene Corporation in its $6.8 billion acquisition of Health Net, and eBay in its separation from PayPal. In 2016, Allen & Co was the lead advisor to Time Warner in its $108 billion acquisition by AT&T, LinkedIn for its merger talks with Microsoft, Walmart in its $3.3 billion purchase of Jet.com, and Verizon in its $4.8 billion acquisition of Yahoo!. In 2017, Allen & Co. was the advisor to Chewy.com in PetSmart’s $3.35 billion purchase of the online retailer.
Previous conference guests have included Bill and Melinda Gates, Warren and Susan Buffett, Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! co-founder Jerry Yang, financier George Soros, Facebook founder Mark Zuckerberg, Media Mogul Rupert Murdoch, eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight, Dell founder and CEO Michael Dell, NBA player LeBron James, Professor and Entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, Sandro Salsano from Salsano Group, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner, and Oprah Winfrey.
https://i.imgur.com/VZ0OtFa.png George Tenet, with the reigns of Allen & Co in his hands, is able to single-handedly steer the entire Mockingbird apparatus from cable television to video games to Internet shills from a singular location determining the spectrum of allowable debate. Not only are they able to target people’s conscious psychology, they can target people’s endocrine systems with food and pornography; where people are unaware, on a conscious level, of how their moods and behavior are being manipulated. https://i.imgur.com/mA3MzTB.png
"The problem with George Tenet is that he doesn't seem to care to get his facts straight. He is not meticulous. He is willing to make up stories that suit his purposes and to suppress information that does not." "Sadly but fittingly, 'At the Center of the Storm' is likely to remind us that sometimes what lies at the center of a storm is a deafening silence."
https://i.imgur.com/YHMJnnP.png Tenet joined President-elect Bill Clinton's national security transition team in November 1992. Clinton appointed Tenet Senior Director for Intelligence Programs at the National Security Council, where he served from 1993 to 1995. Tenet was appointed Deputy Director of Central Intelligence in July 1995. Tenet held the position as the DCI from July 1997 to July 2004. Citing "personal reasons," Tenet submitted his resignation to President Bush on June 3, 2004. Tenet said his resignation "was a personal decision and had only one basis—in fact, the well-being of my wonderful family—nothing more and nothing less. In February 2008, he became a managing director at investment bank Allen & Company. https://i.imgur.com/JnGHqOS.png We have the documentation that demonstrates what these people could possibly be doing with all of these tools of manipulation at their fingertips. The term for it is “covert political action” for which all media put before your eyes is used to serve as a veneer… a reality TV show facade of a darker modus operandum. https://i.imgur.com/vZC4D29.png https://www.cia.gov/library/center-for-the-study-of-intelligence/kent-csi/vol36no3/html/v36i3a05p_0001.htm
It is now clear that we are facing an implacable enemy whose avowed objective is world domination by whatever means and at whatever costs. There are no rules in such a game. Hitherto acceptable norms of human conduct do not apply. If the US is to survive, longstanding American concepts of "fair play" must be reconsidered. We must develop effective espionage and counterespionage services and must learn to subvert, sabotage and destroy our enemies by more clever, more sophisticated means than those used against us. It may become necessary that the American people be made acquainted with, understand and support this fundamentally repugnant philosophy.
Intelligence historian Jeffrey T. Richelson says the S.A. has covered a variety of missions. The group, which recently was reorganized, has had about 200 officers, divided among several groups: the Special Operations Group; the Foreign Training Group, which trains foreign police and intelligence officers; the Propaganda and Political Action Group, which handles disinformation; the Computer Operations Group, which handles information warfare; and the Proprietary Management Staff, which manages whatever companies the CIA sets up as covers for the S.A.
…Those operations we inaugurated in the years 1955-7 are still secret, but, for present purposes, I can say all that’s worth saying about them in a few sentences – after, that is, I offer these few words of wisdom. The ‘perfect’ political action operation is, by definition, uneventful. Nothing ‘happens’ in it. It is a continuing arrangement, neither a process nor a series of actions proceeding at a starting point and ending with a conclusion.
CIA FBI NSA Personnel Active in Scientology: https://i.imgur.com/acu2Eti.png When you consider the number of forces that can be contained within a single “political action group” in the form on a “boutique investment firm,” where all sides of political arguments are predetermined by a selected group of actors who have been planted, compromised or leveraged in some way in order to control the way they spin their message. https://i.imgur.com/tU4MD4S.png The evidence of this coordinated effort is overwhelming and the “consensus” that you see on TV, in sports, in Hollywood, in the news and on the Internet is fabricated.
Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most likely develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.'
When you find yourself feeling like common sense and common courtesy aren’t as common as they ought to be, it is because there is a massive psychological operation controlled from the top down to ensure that as many people as possible are caught in a “tension based” mental loop that is inflicted on them by people acting with purpose to achieve goals that are not in the interest of the general population, but a method of operating in secret and corrupt manner without consequences. Notice that Jeffrey Katzenberg, of Disney, who is intertwined with Allen & Co funds the Young Turks. He is the perfect example of the relationship between media and politics.
Katzenberg has also been involved in politics. With his active support of Hillary Clinton and Barack Obama, he was called "one of Hollywood's premier political kingmakers and one of the Democratic Party's top national fundraisers."
Last week, former DreamWorks Animation CEO Jeffrey Katzenberg’s new mobile entertainment company WndrCo was part of a $20 million funding round in TYT Network, which oversees 30 news and commentary shows covering politics, pop culture, sports and more. This includes the flagship “The Young Turks” program that streams live on YouTube every day. Other investors in the round included venture capital firms Greycroft Partners, E.ventures and 3L Capital, which led the round. This brings total funding for Young Turks to $24 million.
Hollywood activism long has been depicted as a club controlled by a handful of powerful white men: Katzenberg, Spielberg, Lear, David Geffen, Haim Saban and Bob Iger are the names most often mentioned. But a new generation of power brokers is ascendant, including J.J. Abrams and his wife, Katie McGrath, cited for their personal donations and bundling skills; Shonda Rhimes, who held a get-out-the-vote rally at USC's Galen Center on Sept. 28 that drew 10,000 people; CAA's Darnell Strom, who has hosted events for Nevada congresswoman Jacky Rosen and Arizona congresswoman Kyrsten Sinema; and former Spotify executive Troy Carter, who held three fundraisers for Maryland gubernatorial candidate Ben Jealous (Carter also was a fundraiser for President Obama).
Viacom, after splitting off from Les Moonves Les Moonves ' CBS , still holds Paramount Pictures, and that movie studio in December agreed to acquire DreamWorks SKG, the creative shop founded by the Hollywood triumvirate of Steven Spielberg, David Geffen and Jeffrey Katzenberg (a former exec at The Walt Disney Co.). DreamWorks Animation had been spun off into a separate company. Now it's time for Freston to make back some money--and who better to do a little business with than George Soros? The billionaire financier leads a consortium of Soros Strategic Partners LP and Dune Entertainment II LLC, which together are buying the DreamWorks library--a collection of 59 flicks, including Saving Private Ryan, Gladiator, and American Beauty.
Digital pirates search for prey in Southwestern Ontario
Worldwide, cyber crime has become a multibillion-dollar industry. Large corporations, especially those handling money and personal information, have long been targets – think the Yahoo and Equifax hacks in recent years. But less noticeable are the municipalities and public agencies – hospitals, school boards, police departments – targeted and crippled, often for weeks and months, by cyber attacks that can take out everything from email systems to 911 dispatch centres. On Sunday April 14, Stratford city hall posted a short message on its Facebook page saying officials are “managing what appears to be a cyber attack. The revelation by Stratford officials on Sept. 19 that the city paid $75,000 to a hacker in Bitcoins to regain access to its computer network following a cyber attack five months earlier was followed by a wave of cyber attacks across Southwestern Ontario. In little more than a week, Woodstock city hall, Woodstock police, hospitals in Wingham and Listowel and an auto parts manufacturer in Strathroy also came under attack. The central Ontario municipality paid a ransom after it was targeted in a cyber attack in September 2018. Experts are divided about how municipalities and other agencies hit by a cyber attack should respond.Paying a ransom sets a precedent and may encourage more attacks. https://lfpress.com/news/local-news/lfp-longform-digital-pirates-search-for-prey-in-southwestern-ontario
What to do in the event you "get Zuckerberged" in a startup where you're minority shareholder?
Hello, I am a technical founder in a 2 person Delaware C-Corp which puts my co-founder having majority control. I had brought the company up from 0 kLoC to the 100 kLoC it is today. When we first had the equity talk in early October last year, we came to a napkin agreement with my co-founder to receive slightly lower equity compensation (35%) as a workaround for my timetable (I'm currently in my undergraduate studies in Singapore, my hometown, so that I can be eligible for a Visa upon graduation), with the exception on the condition if we get into a prestigious accelerator (YC) that I'd drop everything and spend every minute of every day on it. Long story short, we didn't get into YC after the interview but we pushed on for the month after and received some, but not too much seed investment commitments. We filed incorporation paperwork in early December and I returned home early January. On filing the paperwork, my co-founder was concerned with how non-standard clauses could affect our ability to fund-raise so we decided to use boilerplate 4-year cliff, 1-year vest with double-trigger acceleration terms in our incorporation documents. I agreed but was blindsided (which I found out later) by a clause that superseded the napkin arrangement. What was also present was the existence of only one board seat and the promise of a board seat. However, I never got one, even today. Since being back home, I have continuously pushed updates (had meetings and managed developers in New York) and worked on the business (wrote code weekly) while receiving no ($0) compensation for my work. As my team was in New York, I made sure to stay up late nights most of the time to guide my weaker developers through the problem they were having. To keep myself updated on what was going on in the business end of things, I always asked my co-founder if he could schedule a call. Keep in mind he never took the initiative, even as a CEO, to schedule something as trivial as an update. I began to get suspicious when he rejected almost all of my requests on the basis that he did not have the time. As my developers were mostly interns and that we had a myriad of ongoing projects , I realized I had to scale up development operations. So what better way to do that than to hire out of my home-base in Southeast Asia where the technical talent was exceptional and not expensive on the level we could not afford, like in New York or Silicon Valley. In one of our rare phone calls, my co-founder agreed to the plan and I began conducting research into options. I ran into a roadblock when trying to gain administrative access to some of our company's accounts like job portals, AWS (I was trying to create a well-structured IAM organization policy to protect our users). When asking for access, my co-founder kept saying no, until I convinced him that these things should be trivial, or all our users' key data would be vulnerable. Something I'm sure no one wants... right? At the same time, fundraising had come to a standstill in the US so I decided to look for opportunities in this side of the world. I had successfully made inroads into both hiring and VCs and had used various *@ourdomain.com to make them. I had not been receiving any emails on those that I created so I started investigating into what was happening. As it turns out, my co-founder had been routing all emails into his personal email and that's where I became a little paranoid - if he had been doing that to all emails, what had he been doing to mine? It was impossible to know for sure as he wasn't particularly honest. When poached for a shared email address where we could collect all emails, he was not only hesitant, but simply gave an unsupported excuse that some of the emails had to go directly to him. I eventually got him to set up one, but turns out he only routed some to it. I sent a message to him last night about this, after creating more email addresses but no access to retrieve them. Today morning, I got locked out of all accounts. Even pictures with me on our Social Media and Instagram were completely deleted. He finally decided he wanted to call me, which he explained to me that I should "just walk away" and would follow up with more information. I must admit, I chose my co-founder poorly and this is probably a horror story many founders never want to experience, I am freaking out and hopeful for good advice here. Was I wrong? Did I make a mistake? What can I do? Who do you think I should talk to in person about this? While founder disagreements is the #1 reason startups fail, I am on the fence about any kind of ideas that will jeopardize my company because I have literally poured my heart, soul and sweat into this venture and I don't want to see it fail just yet. This is a tough question but, is there still anything I can do to regain majority shareholding? Things I have considered so far:
Just starting my own company here and rebuild the network and operations from scratch, I only have had a couple months of work to lose.
Warn my users about the security problems that currently exist under the management team. This one's controversial I know, but it is really scary how my co-founder blatantly holds all of our users' private data and says they agreed to it, via the T&Cs. I'd rather have my users safe than sorry. I mean after all, how can you trust someone after pulling stuff like what I mentioned?
Sent a warning email to investors (that I know of)
I whistleblowed on SEC's website, but I mean, not like they're gonna give two shits about a small time company.
I whistleblowed on 4 subreddits, I hope that's going to make a difference:
Your Guide to Monero, and Why It Has Great Potential
/////Your Guide to Monero, and Why It Has Great Potential/////
Marketing. It's a dirty word for most members of the Monero community. It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers. This is what makes this an unusual post from a member of the Monero community. This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential. Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome. I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.
Bulletproofs - A Reduction in Transaction Sizes and Fees Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested. Multisig Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero. Kovri Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy. Mobile Wallets There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon. Hardware Wallets Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here. TAILS Operating System Integration Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users. In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow. Mandatory Hardforks Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information. Dynamic fees Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees! Tail Emission and Inflation There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore. Monero Research Lab Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.
///Monero's Technology - Rising Above The Rest///
Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero". Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!. Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself. I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity. A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain. The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes. Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
Major Investors And Crypto Figureheads Are Interested Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments. There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin. Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin. Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero. Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in. The Bitcoin Flaw A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins. CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero. CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range. Monero Has a Relatively Small Marketcap Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit. Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin. For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin. Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money. Technical Analysis There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today. Coinbase Rumours Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading. Monero Is Not an ICO Scam It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases. Monero is a Working Currency, Today Monero is a working currency, here today. The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc. Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin. Monero is the only coin with all the necessary properties to be called true money. Monero is private internet money. Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy. Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us. Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.
///Key Issues for Monero to Overcome///
Scalability While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit. In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node. For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too! Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.
I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so. Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price. I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors. I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ? Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
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