Crypto Mining To Revive Abandoned Town in California ...

Cryptocurrency story, part 3

Cryptocurrency story, part 3
So, we will continue our story about the history of digital currencies.
- The growing popularity of bitcoin began to attract cybercriminals, and on August 6, 2010, a flaw was discovered in the system, through which unknown persons created a lump sum of 184 billion bitcoins and sent them to two accounts. The fraudulent transaction was discovered several hours later, the problem was fixed, the transaction record was removed from the blockchain and the system was moved to a new protocol. At the moment, this is the only vulnerability of the blockchain itself that has been exploited.
- On November 27, 2010, the first mining pool was created — Bitcoin Pooled Mining (also known as Slush’s Pool). Within the framework of the pool, users combine the resources of their devices to improve the efficiency of mining, in the future, coins are distributed among the participants according to the resource contribution made.
- December 2010 brought the news that mobile phone transaction software had been developed. In the same month, the first bitcoin transfer was carried out using a Nokia N900 phone.
- On February 9, 2011, Bitcoin equaled the dollar for the first time.
- On April 23, 2011, bitcoin caught up with the euro and the pound sterling.
- In May 2013, the first bitcoin ATM opened in San Diego, California. In April, the first Bitcoin alternative also appeared — NameCoin.
In general, by using the open and publicly available program code of the Blockchain network, and by changing some parameters it is possible to release your own cryptocurrency. Later on, all other cryptocurrencies, based on the Blockchain network’s source code, began to be referred to as Altcoins (from English — alternative coins).
Altcoins differed in a number of ways: transaction processing speed, method of distributing coins between participants, hashing algorithm, mining algorithm, and others.
Today, there are over two thousand Altcoins. Unfortunately, most of them are launched only to enrich their creators and do not have long life cycles.

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#Finance #NeuronChain #blockchain #NeuronEx #NeuronWallet #CryptoNeuroNews #crypto
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How Bitcoin’s Price Slump Is Changing the Geography of Mining

How Bitcoin’s Price Slump Is Changing the Geography of Mining


Although China remains, by far, the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.
According to Thomas Heller, business director of one of the world’s largest bitcoin mining operations, F2Pool, market dips have made it unprofitable for some bitcoin (BTC) miners with older machines to operate.
“We lost 10 percent of our bitcoin hashrate from our clients, for some of our competitors it was closer to 30 percent,” Heller said, referring predominately to miners across Asia and Europe.
Mining operations in North America have also been impacted. Upstream Data founder Steve Barbour, who operates bitcoin mines on oil fields in Canada, said fewer companies are allocating resources to experiment with bitcoin, at least so far.
“Pretty much every Canadian oil producer is basically telling their staff to do nothing and spend no money, and we’re a service provider for those companies,” Barbour said. “We were growing, month by month. This month is flat and I’m expecting next month to be down.”
Likewise, the California-based Digital Farms is closing up shop until the price of bitcoin resurges and makes mining more profitable.
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11-06 09:43 - '$5 Million Spent by Identity Thief on Cloud Computing to Mine Cryptocurrency' (self.Bitcoin) by /u/NvestLabs removed from /r/Bitcoin within 252-262min

'''
[Blockchain Training Institute]1 : The 29-year-old Singapore resident, Frauds such as wire and access device fraud and aggravated identity theft are the charges on which Matthew Ho was arrested in Singapore.
The lawsuit alleges that Ho operated multiple accounts with at least three stolen identities and credit cards in cloud services companies, including Amazon Web Services (AWS). Between October 2017 to February 2018 he used the cloud computing resources to mine many cryptocurrencies, like Bitcoin and Ethereum, which resulted in him becoming one of the big volume consumers in that duration.
Ho later identified as a popular developer of video-games from California, a native of Texas and as the founder of a technology company from India with the stolen personal information. Additionally, he coaxed the cloud computing service providers in providing him with the highest privileges, additional processing access along with huge storage space, and for delayed billing.
The financial loss of $5 million largely stems from outstanding Cloud service charges that sustained Ho's mining activity, although some were incurred by the financial staff of the California game developer before wrongdoing was discovered.
Ho had used the identities of the other two to procure cloud computing power for Google Cloud Services, in addition to using the developer's identity to create accounts in AWS.
As per the jury, though mining and other means Ho converted the cryptocurrencies into fiat currency using various trading platforms.
The true identity of the three plaintiffs nor the total amount that Ho made from trading cryptocurrencies was not revealed by the court.
However, according to the court, imprisonment of 20 years is the punishment for wire fraud, whereas access device fraud carries a sentence of 10 years in prison and aggravated identity theft carries a punishment of 2 years.
'''
$5 Million Spent by Identity Thief on Cloud Computing to Mine Cryptocurrency
Go1dfish undelete link
unreddit undelete link
Author: NvestLabs
1: *ves*labs.co*
Unknown links are censored to prevent spreading illicit content.
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Analyzing Temtum Blockchain

Temtum is another peer to peer cryptocurrency, because of its lightweight featureanybody can support the Temporal Blockchain network, making another universe of financial open door away from fused associations The speed of the Temporal network is unmatched by any current blockchain innovation, with 120k TPS achieved in our lab condition and speculatively vast, genuinely influenced by the size of the network.
The ultra-lightweight architecture, capability and accord of transactions on Temporal empowers incomprehensible verification speed. Temporal considers fleeting data storage on centers, while keeping the reliability of the blockchain and its full history. With Temtum agreement algorithm, transactions are never again required to be sent to every center, rather sent truly to the pioneer center. Along these lines, no wasted resources spent in the superfluous duplication of messages.
This lessening in storage and taking care of power makes interest in the network from low-resourced devices possible, while using less imperativeness than existing blockchain innovation.
Temtum Consensus algorithm eliminate the essential for mining, abstaining from the necessity for significantly wasteful and restrictive accord systems, for instance, Proof of Work. Proof of work by and by requires stores of insignificant essentialness raised computational figurings in order to attest transactions. With Temtum stand-out accord algorithm we reduce this to a singular estimation which each center point can independently calculate and get in contact at a comparative result
The Team #SWOT
The achievement of any effective project depends entirely on the validity and ability of the team. The Temtum team has tremendous knowledge of blockchain and Fintech combined with different experts and mastery in various field Temtum came to presence. Let view the Team profile
Dr Douglas Meakin — President
Douglas is an accomplished specialized official with numerous years working inside designing, item development, quality systems and procedures and tasks in driving edge technology enterprises. He is a demonstrated business and tasks pioneer and specialist of progress in a global setting, having changed huge associations globally while overseeing enormous increments in extension, multifaceted nature and business volumes. He is focused on compelling and persuasive initiative of teams and development of human potential. Most as of late Douglas was the corporate VP of global provider management at Lam Research Corporation, a main provider of semiconductor handling gear, situated in Silicon Valley, California. Doug is CEO of temtum and sits on the governing body.
Richard Dennis — Chief Development Officer
Richard is the organizer of Dragon, and a globally acknowledged, productive and colossal cybersecurity and cryptography master. He is likewise globally perceived as one of the world's driving cybersecurity instructors with a specialism in secure networks, blockchain and encryption. He has a critical assemblage of distributed research, refered to 100's of times inside Blockchain, and introductions on cutting edge arrangements over a wide scope of subjects, including Bitcoin wallet powerlessness, an examination into the versatility of Bitcoin and Ethereum, and a formal investigation of the Temporal square.
Ginger Saltos — Chief Technology Officer
Ginger has a MSc in Security IT, MSc in Forensics IT and has worked widely as a telematics engineer. She has five years of experience crosswise over open and privately owned businesses in security evaluating in Ecuador and she has prompted the Ecuadorian government about security on systems, approach and methods. She is at present a teacher at ESPOL, showing programming, databases, security IT and Forensics IT. Open-Sec Ethical Hacker Certificate OP3N-53C 37H1C4L H4CK3R (OSEH). She is additionally a PhD up-and-comer on the theme of 'Dissecting Malware utilizing Phylogenetics.' Her key specialisms are man-made brainpower and web security.
Dr Gareth Owenson — Chief Information Security Officer
Gareth holds a PhD in Computer Science and a BSc in Internet Technology and is a master in web security, cryptography and dispersed systems. He has directed research in enormous dispersed systems with a specific enthusiasm for cryptographic applications, for example, darknets and computerized crime scene investigation, including creating robotized examination methods to quickly figure out cutting edge malware to decide its functionality and create countermeasures. He has composed numerous productions in diaries and gatherings and normally fills in as a ref for Elsevier, IEEE and CHINACOM. He has led a huge report into the utilization of darknets; he is broadly perceived as a specialist in this field and as often as possible talks on this point. He has additionally prompted the UK and US governments on darknets and web sifting strategy.
David Hodkinson — Chief Financial Officer
David is the fellow benefactor and CEO of Harvex, a pro firm working with clients in the cryptocurrency, blockchain and online gaming part. He has worked with different high-value ICO's, prompting on universal organizing, banking and duty. As a certified accountant, he has supervised the financial illicit relationships of a wide scope of cryptocurrency organizations. Close by this, he has been associated with the vital dispatch of various online gaming organizations and the incorporation of cryptocurrency with these platforms.
Cyntia Aguirre — Chief Software Architect
Cyntia is a Master of Science in Software Engineering with a strong background in software development and IT architecture. She has four years' experience both creating as a full stack engineer and structuring and executing software as an IT planner for the financial industry (Banco del Austro S.A.). She likewise holds a PMP accreditation (Project Manager Professional) affirmed by the Project Management Institute USA.
Website: https://temtum.com/
Whitepapper: https://temtum.com/downloads/temtum-whitepaper.pdf
Twitter: https://twitter.com/wearetemtum
Reddit: https://www.reddit.com/temtum
Facebook: https://www.facebook.com/wearetemtum
Youtube: https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg
Github: https://github.com/temtum
Author Details
Bitcointalk username: Jeborn
Profile Link; https://bitcointalk.org/index.php?action=profile;u=2539483
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Daily analysis of cryptocurrencies 20191015(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20191015(Market index 39 — Fear state)

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Indian Supreme Court Postpones Crypto Case To November The Supreme Court of India on Oct 15 once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case on Oct 15.
Ripple Battles Crypto FUD: ‘99.9% Of All XRP Trading, We Have Nothing To Do With’ Ripple CEO Brad Garlinghouse says the San Francisco startup has dramatically reduced the amount of XRP it’s selling over-the-counter. Each day, Ripple calculates the total amount of XRP sold across all exchanges based on volume data from CryptoCompare. It then sells 10 basis points of that total volume or 0.10% of its own XRP. “One of the things that we actually agree with is, we try to have a constructive way to engage the market by saying, ‘We’re going to sell OTC and we’re going to sell programmatically at ten basis points of daily market activity’ … Every day Ripple is 10 basis points of the overall XRP volume. If there’s $100 million worth of daily volume before Ripple does anything, Ripple would be $100,000 in sales. 99.9% of all XRP trading, we have nothing to do with,” he stated.
Bank Of England Governor: Libra May Be An Alternative To The UK Payment System Bank of England Governor Mark Carney states that Facebook’s cryptocurrency Libra may be an alternative to the payment system in the UK since the latter is not good enough, Jin10.com reports on Oct 15.
CMCC, UnionPay And Others Announce The Formal Test Of Blockchain Service Network (BSN) China National Information Center, China Mobile Communications Group (CMCC) and China UnionPay jointly announced the formal test of blockchain service network (BSN) designed and built by six institutions in Beijing. BSN is top-level planned by China National Information Center and independently developed and successfully put into practice by China UnionPay and CMCC adopting the relevant blockchain technology and existing network resources and data centers. It is a nation-wide blockchain service infrastructure platform that spans public networks, regions and institutions in China.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th. OTOCASH (OTO): 15 October 2019 Escodex Shutdown “ All OTO HOLDERs who have assets on ESCODEX EXCHANGE to immediately withdraw your assets before October 15th, 2019 4:00 PM” (CRYPTO): 15 October 2019 Hard Fork Summit Hard Fork Summit 2019 by TNW . “Where finance and business meets tech.” Amsterdam, October 15–17. Cardano (ADA): 15 October 2019 NYC Meetup “Next week on October 15th Nathan Kaiser, Chairperson of the Cardano Foundation, will be in attendance to meet community members in NYC FunFair (FUN): 15 October 2019 Marketing AMA “The FunFair Marketing AMA… will be held on Tuesday the 15th of October at 2pm in the Live team chat channel on Discord Ark (ARK): 15 October 2019 ARK Core v2.6 on Devnet “We are very excited to announce #ARK Core v2.6 will be launching on #Devnet, October 15th, 2019! “ DigiByte (DGB): 15 October 2019 BitMart Listing DigiByte (DGB) will be listed on BitMart Exchange on October 15, 2019. The following trading pair will be available: DGB/BTC. ThoreNext (THX): 15 October 2019 Staking Goes Live “Staking live from 15 OCT 2019.”

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16. (CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM. Binance Coin (BNB): 16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.” IoTeX (IOTX): 16 October 2019 Mainet Beta “The next evolution of IoTeX blockchain, secure IoT hardware, and decentralized identity is coming October 16 — mark your calendars.” Selfkey (KEY): 16 October 2019 Corporate Wallet Release “Soon, wallet users will be able to manage corporate profiles and identity attributes.” Cardano (ADA): 16 October 2019 Washington D.C. Meetup “Nathan Kaiser, Chairperson of the Cardano Foundation, will join the community in Washington DC on Oct 16, and talk about the recent

Encrypted project calendar(October 17, 2019)

Holo (HOT): 17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.” IOST (IOST): 17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by @FishChainGame now! The competition only lasts till 17 Oct” Aragon (ANT): 17 October 2019 Seoul Meetup “You are invited to join @licuende for a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’” Skycoin (SKY): 17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM. Horizen (ZEN): 17 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18. OKB (OKB): 18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.” HeartBout (HB): 18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.” BTU Protocol (BTU): and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government…

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward! Aeternity (AE): 20 October 2019 Starfleet 3 App Deadline #Starfleet3 is happening in Malta and you have by October 20th to apply!

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money. Horizen (ZEN): 21 October 2019 Sidechains Alpha Release Horizen releasing the alpha version of industry first decentralized and unfederated sidechains. Horizen (ZEN): 21 October 2019 Updated Whitepaper Horizen releasing an updated whitepaper.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22. Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST).

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
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In the past three sessions, there were mostly range moves in bitcoin below the $8,400 resistance against the US Dollar. Earlier, BTC price declined below the $8,200 support area and the 100 hourly simple moving average. A new weekly low was formed near $8,148 and recently the price started a decent upside correction. It broke the $8,200 and $8,300 levels to avoid any further losses.
Moreover, there was a break above the 50% Fib retracement level of the last slide from the $8,471 high to $8,148 swing low. The price even spiked above the $8,400 level and the 100 hourly simple moving average. However the upward move was capped and the bulls failed to gain momentum above $8,400. It seems like the 76.4% Fib retracement level of the last slide from the $8,471 high to $8,148 swing low acted as a strong resistance.
At the moment, the price is trading in a range below the $8,400 resistance area. Additionally, there is a new breakout pattern forming with resistance near $8,400 on the hourly chart of the BTC/USD pair. Above the triangle resistance, bitcoin price could face resistance near the $8,460 level. A successful close above $8,460 and a follow through above the $8,500 resistance might set the pace for a fresh increase in the near term.
On the downside, the triangle support is near the $8,280 level. If there is a downside break, the price could retest the main $8,200 support area. Should there be a daily close below the $8,200 support, the price may perhaps continue to slide towards the $8,000 and $7,800 support levels.
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How much Power it takes to create a Bitcoin?

How much Power it takes to create a Bitcoin?
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Bitcoin Mining Costs Vary by Region
To perform a cost calculation to understand how much power it takes to create bitcoin, first, you’d need to know electricity costs where you live. In 2017, the Crescent Electric Supply Company did a state-by-state breakdown of how much it costs to mine a single bitcoin. Louisiana came in as the cheapest location at $3,224, while Hawaii was the most expensive at $9,483. As of September 2018, bitcoin’s exchange rate was valued at about $6,700 for a single bitcoin, which shows that doing the work in an area where energy costs are very low is important to make the practice worthwhile.
Calculating the Cost
There are lots of different bitcoin mining computers out there, but many companies have focused on Application-Specific Integrated Circuit (ASIC) mining computers, which use less energy to conduct their calculations. Mining companies that run lots of ASIC miners as businesses claim they use one watt of power for every gigahash per second of computing performed when mining for bitcoins.
At this rate, the bitcoin network runs at 342,934,450 watts — roughly 343 megawatts. Calculations based on EIA data reveal that the average U.S. household consumes about 1.2 kilowatts of power, meaning that 343 megawatts would be enough to power 285,833 U.S. homes.
That’s quite a lot of energy — for a frame of reference, that equates to about a third of the homes in San Jose, California. Since 1 watt per gigahash/second is pretty efficient, it’s likely that this is a conservative estimate. Also, a large number of residential users take more power to run their miners.
BITCOIN may be a useful way to send and receive money, but cryptocurrency doesn’t come for free. The community of computer-based miners that create bitcoins uses vast quantities of electrical power in the process. The electric resource-heavy process has led some experts to suggest that bitcoin isn’t very environmentally friendly. Therefore, using SOLAR ENERGY to mine Bitcoin is considered more suitable for people.
submitted by TrustcoinCommunity to u/TrustcoinCommunity [link] [comments]

XYO is Digital Oil (Emphasis on Oil) & Bitcoin is Gold (for now).

I remember seeing a banner ad for XY Oracle that read (something like):
"It's OK if you missed Bitcoin, but don't miss XYO".

I finally understand the statement.

Let me put on my teacher wig. Take a trip into the past with me:

Imagine you are living in The United States of America during the mid-19th Century (1850's) amidst the Second Industrial Revolution. There is a great deal of economic, social and cultural activity, as the progress of the First Industrial Revolution is booming exponentially. In the U.S. people are wild with a frenzy to move west and find gold (Au). The California gold rush (for fun watch The Gold Rush directed by Charlie Chaplin) was on! This rush is the origin of the name of the American football team the San Francisco '49ers (and colors I guess, red for blood and gold for gold?). The United States government of the time heavily encouraged this westward expansion through a political and social concept (in my opinion, propaganda) coined as "Manifest Destiny". This ideal was propelled (directly or indirectly) by the Louisiana Purchase and The Lewis and Clark Expedition that both occurred at the turn of the 19th Century. (If anyone has been linking out along with this dense history lesson, I have but two more tabs for you...) For better or worse, Manifest Destiny was realized, and if you think you have what it takes to move out west in 1800's America, risk your life and limb on The Oregon Trail. Or just read this for reference!

OK, back to 2019.

NOTE:
I have written out all the above with passion for every little tangent and wiki-vortex you may lose yourself in. (Consult the Further reading portion of every page if you need this for academic or professional purposes. Lastly, for the love of integrity and scholarship, do not cite Wikipedia and certainly do not cite Reddittigerhawkbeaver!)

I have also written all the above out to convey my understanding of XYO tokens and Bitcoin.

Please consider the similes: XYO tokens are like crude oil. Bitcoin is like gold.

If you had the know-how and the resources to mine BTC for any amount of time during the last 10 years, congrats! You are lucky and presumably quite financially wealthy. You are like a digger of 1849 that struck it rich in new lands. You are riding high now, but manage your money well! I know I would give pounds of gold for the equivalent number of Bitcoins.

If you have a smartphone and a key ring you can hunt for stores/wells/drops of XYO tokens. They, like cude oil, are useless without refinement. Without a system to make them valuable. You have to drill for crude oil (aka Texas Tea, Black Gold...etc.) And (sadly) oil is still very, very, very popular, valuable and profitable. Drilling for oil is and was dangerous and harmful to the environment, but to be fair, it led us through the above technological revolutions, again, for better or worse, and here we are. There is no telling what good or bad will happen because of XYO tokens, but if money does make the world go 'round, for my money, I'd rather invest in something with long-term utility and untold applications.

I'd like to conclude with two suggestions:

As it provides a level of pubic safety, XYO mining should never be able to run in the background. Smartphones are distracting enough. There are only so many geo-mines I get a day that require any attention. Not being able to "do" anything else but "mine" while travelling around is a gift (If it was true analog mining you'd have to sacrifice some things (sunlight, safety, time) to earn your piece of the take). In other words, XYONetwork, some people should be locked out of their smartphones (completely) and you allow that to happen now and those who want to mine should understand the sacrifice needed. Mining should not be a passive activity!

I've seen comparisons of XYO token mining to PokemonGO. Maybe there should or could be a competitive or social aspect to mining down the line?

-THB
submitted by tigerhawkbeaver to XYONetwork [link] [comments]

آلهة has been created

By Arthur G. Staples ON "THE INFLUENZY" DOC'S been here agen terday! Seem's ez ef he come ter say "How yer gettin' on terday?" lookin' at me where I lay. I ain't talkin' over much; ain't no need ter air my lore. Eyes a burning' where they be; ears a bustin' with a roar; mouth thet's like a shingle-mill; dry's the handle of a pump; back that's broke square in two bout four inches 'bove the rump! So I ain't so long on talk. Got no answer fer the doc! Doc don't seem ter mind me none; sets around a little bit; pulls a little dictaphone; lays it on my kroop- er-bone; makes me breathe and holler "A-a-ah"; breathe an' intake; breathe an' groan through the little dictaphone. Sez he after quite a spell. "Them Bolsheveeks is raisin' hell! D'ye think ol' Wilson's doin' well?" Take my tempertoor agen; thumps me on the abdo- men. "Think it's goin' ter snow agen?" But I don't want no casual chat. I don't call no doc, fer that. Got no call for Bolsheveeks, fer at least a couple er weeks! Don't keer ef it snows an' snows ef I could only blow my nose! I want facks! Right off'n the bat! I don't want no social chat! Ef I'm wusn't what I wus, what's the reason; what's the cause? What's the status of he case; tell te facks right to my face; lemme know the wust and best; is my innards all congessed; are there bones loose in my pate; is my backbone dislocate; ef I ain't got no tempertoor an' no disease fer sure, what in time's ther howdydoo ef 'taint the pip and 'tain't the flu? Doc he sets around a bit. "Man!" says he, "you're lookin' fit! Have you fightin' Dempsey yit." Then I looks Doc in the eye: "Tie the bull outside," says I. "Doc, I bleeve I'm goin' ter die. I'm dead now above my chin! Eyes and nose and ears and all! Ain't breathed reglar fer a week! Jints all movin' with a squeak. Every time I move my jaw, feel's ez though I'd broke the law. Doc," says I, "it's up ter you! Ef t'aint the pip and 'tain't the flu how yer goin' ter pull me through?" Doc he sets an' thinks erwhile; then he answers with a smile, "Ain't you the chap wrote a talk, couldn't eat and couldn't walk, waited fer the birds to sing, an' the comin' of the spring; wanted to loaf by a larfin stream, set an' fish an' fish an' dream, nuthin' but bees an' bugs an' things, thet live right where the wild stream sings. Maybe that ain't jest carreck, but sumthin' at least to that effeck." An' the doc he opens a bag he lugs. "What you need," sez he, "is a dose of bugs." An' sure enough I'm gettin' well; ain't felt so peart for quite a spell. Wuz over a billion bugs, they say, in the shot doc gimme the other day. Reely feel I'm comin' to; 'tain't the pip an' 'tain't the flu; but jest er case when all I need is sumthin' off'n the flowery mead, an' when you can't inject the Spring nor a dose of blue- bird on the wing, nor brooks that run, ner vi'lets blue ter cure the pip er cure the flu, why! the next best thing the doctor lugs is a shot of erbout a billion bugs. An' as they sort o' crawl eround, I can somehow feel I'm on the ground, with all the rest that my fancy hugs, the birds an' bees an' the billion bugs. 
from Jack in the Pulpit, by Arthur G. Staples Copyright, 1921, A. G. Staples Lewiston Journal Company, Lewiston, Maine; pp. 3 - 4
Make America make sense again, lest I cease to exist. Even in the absence of functional institutions of journalism and government, a responsive Executive Branch could bring the 9/11 terror system to heel. Please consider writing in a vote for MARLEY ENGVALL, for President of the United States of America.
https://www.paypal.com/pools/c/8lVTi6EIcF [anything helps. no amount too small. eternal thanks.]
https://www.courtlistener.com/docket/4357335/doe-v-trump/
ON "THE INFLUENZY" ON "BENDS IN RIVERS" ON "THE MARKS ON THE DOOR JAMB" ON "YOUTH" ON "PUMPS—ESPECIALLY CHAIN-PUMPS" ON "THANKSGIVING DAYS" ON "READING ALOUD" ON "OLD LADIES WITH SWEET FACES" ON "OLD TIME TORCHLIGHT PROCESSIONS" ON "MY AUNT'S MILLINERY SHOP" ON "A RIDE TO BATH" ON "THE QUALMS OF GOLF" ON "STILTS" ON "MY BEST UMBRELLA" ON "A SERMON ON THE SEED" ON "THE FIRST FROSTS" ON "AN OLD BASEBALL STORY" ON "YOUR FIRST TROUSERS" ON "THE SPECTRES IN OUR PATH" ON "CO-OPERATION AFTER A FASHION" ON "HAVING NOTHING TO DO" ON "SOME OLD NEWSPAPERS" ON "BACK TO THE OLD SCHOOL" ON "SPRING AND DAISIES" ON "PEONIES" ON "THE VALUE OF CHARACTER" ON "THE LITTLE VILLAGE" ON "A PERSONAL MATTER" ON "THE ETIQUETTE OF SWIMMIN'" ON "GOING BERRYING" ON "THE OLD PEDLER'S CART" ON "VAGABONDS" ON "MY FIRST JACKKNIFE" ON "THE OLD-TIME BREAKING OUT OF ROADS" ON "WHEN THE MINISTER CAME" ON "THE PUSSY-WILLOWS" ON "CARVING ONE'S FIRST TURKEY" ON "ABRAHAM AND LOT" ON "THE OLD BRICK OVEN" ON "A LITTLE BUCK-UP STORY" ON "NOAH" ON "THE ELM TREE" ON "HOW I TIRED OF FARMING" ON "THE SMELL OF A BRUSH FIRE" ON "GHOSTS AND SUCH" ON "CHURCH DINNERS" ON "THE CROWS IN THE SKY" ON "DRIVING HOME THE COW" ON "LAST DAYS OF SCHOOL" ON "OLD MAIDS" ON "CAMP-FIRES" ON "GOING TO THE MOVIES" ON "PRODIGIES" ON "CERTAIN NOISES" ON "GRAVES BY THE RIVER" ON "GRANDFATHER'S CLOCKS" ON "SOPSEY-VINES" ON "AN OLD NOTION OF WAR'S ENDING" ON "WHAT OUR FATHERS READ" ON "THE SLEEPING CHILD" ON "THE CAVERN OF THE SNAIL" ON "FALL PICKLING" ON "WOODLAND POOLS" ON "AMIABILITY AT HOME" ON "A WOMAN HANGING OUT THE CLOTHES" ON "THE CLAM" ON "SAND" ON "FORMING ONE'S PERSONALITY" ON "GRANNIE" ON "SHADOWS" ON "HELPING THE BOY" ON "THE LESSONS IN THE RAINBOW" ON "HAIR AND HEADS" ON "A TALK TO CHILDREN OF ALL AGES" ON "RACE SUICIDE" ON "CLEARING OFF AFTER STORMS" ON "REFORMING AS A BUSINESS" ON "RESOURCEFULNESS" ON "WOODCHUCKING" ON "HAVING THE LUMBAGO" ON "FACES WAITING AT THE WINDOW" ON "ADVICE TO REPORTERS" ON "EATING YEAST" ON "THE MAINE OF 100 YEARS" ON "SAP-BOILING TIME" ON "THE FIRST CROW" ON "GOING TO SUNDAY SCHOOL" ON "THE CHIMNEY CORNER" ON "SULPHURANDMOLASSES" ON "HAVING A SYSTEM" ON "AN OLD TEXT" ON "RIBBON GRASS" ON "MY ALARM CLOCK" ON "AUTUMN IN THE CELLAR" ON "RIDING IN SMOKING CARS" ON "COBWEBS"
սա ձեր տարածք. բարի եղեք միմյանց հանդեպ. https://old.reddit.com/thesee [♘] [♰] [☮]
submitted by MarleyEngvall to alihat [link] [comments]

Verifiable Computation over the HelixTangle, by the University of Southern California and Helix Cognitive Computing (www.hlx.ai)

Founded in 2017, Helix Cognitive Computing GmbH is a Berlin-based technology company that is dedicated to developing and creating a sustainable digital ecosystem that interconnects Everyone and Everything by using a next-generation peer-to-peer digital exchange network - the HelixNetwork.
The HelixNetwork consists of the HelixMesh Protocol, it's own distributed ledger the HelixTangle and a native currency – the HLX coin.

The HelixMesh protocol is based on the double-consensus (on- and off- chain) MeshCash framework. The main advantage over existing Byzantine Fault Tolerant (BFT) consensus protocols is a high degree of flexibility: HelixMesh can be deployed in both permissionless (by implementing the Proof-Of-Contribution abstraction) and permissioned environments. Moreover, virtually any BFT consensus can be used for the off-chain layer of HelixMesh. As a result, the liveness vs safety tradeoffs are not dictated by the protocol itself but may be adjusted based on the particular use-case requirements. This makes HelixMesh a robust blueprint for consensus protocols over IoT-sourced distributed ledgers. On a longer timescale, we envision a global interconnected network of HelixMesh-based specialized DLTs.

In collaboration with the University of Southern California, Helix Cognitive Computing has recently published the paper "Verifiable Computation over the HelixTangle“. To give you a little insight into our document you can read a summary of the paper here.

Abstract
The cryptocurrency platforms such as BitCoin and Ethereum rely on Proof-of-Work (PoW) consensus algorithm. Following the PoW, the nodes that solve the computationally intensive cryptographic puzzle is given the opportunity to create the next block in return for an incentive. Such puzzle-solving nodes are called „mining nodes," and its owners' are referred to as miners. Mining nodes are powerful computation platforms with the ability to perform computationally-intensive tasks. Although contemporary PoW computations demand high computation resources, the outcome of the PoW is not practical as the result of the computation is not used for any other applications except securing the blockchain. Using the mining nodes to execute practical algorithms for applications such as artificial intelligence, protein folding, and video processing would increase the effectiveness of the mining nodes while securing the blockchain. However, the distribution of computation tasks and sensitive data among trustless mining nodes leads to security vulnerabilities. Besides, the lack of technologies for verifying the result of the computation performed by the mining nodes makes verifiable computation impractical. In this work, we formulate the verifiable computation problem, discuss the existing work, and propose a novel platform for verifiable computation for the Helix Tangle.

To read the whole document you can find it under the following link.
https://hlx.ai/files/Verifiable_Computation_over_the_Helix_Tangle_2019_05_05.pdf
We are looking forward to your feedback.

-Website: www.hlx.ai
-Discord: https://discord.gg/7DFYQhQ
-Telegram: https://t.me/helixfoundation
-Twitter: https://twitter.com/FoundationHelix
-LinkedIn: https://www.linkedin.com/company/hcc-gmbh/
-Medium: https://medium.com/helix-foundation
-Reddit: https://www.reddit.com/helixfoundation/
submitted by HelixFoundation to helixfoundation [link] [comments]

Amir Taaki - Breaking Bitcoin presentation (transcript)

Below I transcribed Amir's talk from Breaking Bitcoin (see previous post here, start of presentation (youtube): here). Excuse the errors (will fix if you point me to them).
What was most interesting for me:
Amir:
Thank you for having me here.
I believe that ideas play an important role in shaping human history. What I want to talk about is how technology has been shaped by key ideas. In particular how certain mechanical ideas of human society got mixed up with with politics and technology.
What I want to talk about is the free technology movement. It was a movement that showed great potential promise to liberate humanity. At the heart of it was a idea that technology offered a new way to construct a radially different kind of society that never before was possible in history, this movement was influenced by the visions of early scientists who believed in the power of computer technology not just to serve large industry and military but everybody to have access to this new power.
Influenced of by the 60s counterculture, this movement went on to develop the first personal computers. But that's not the end of the story because this radical vision mutated into the idea of self-regulating systems which see human beings as object managed by computer algorithms. In this vision, the value of human ideas to transform the world was diminished into a strange kind of consensus where everybody satisfies their personal desires.
We now find ourselves in a strange static dreamworld while dark forces are returning to threaten to penetrate our reality and all of the dreams of the techno-utopiasts play the role in creating this fake virtual world in which human beings driven by desires, devoid of all sense of higher purpose become slaves to algorithms and vast computer intelligences.
What is interesting about this story is the significance it has for Bitcoin. A project which is created for the purpose of creating a decentralized peer-to-peer money that cannot be controlled by governments and central banks but which now finds itself monopolized by large mining cartels. A lack of vision to guide the project forwards and increasing irrelevance in a world facing a global breakup of power.
Lastly I want to explain my project to revitalize the free technology movement to formulate a wider vision to restore back the potential of the technology to transform human society and train the next generation of revolutionary hackers dedicated to the cause of using the technology to support the cause of freedom.
My aim here is to find sponsors, find the place for establishing our hacker Academy, to find partner organisations to develop new technology projects with and to find people ready to dedicate themselves in advancing the free technology movement. People ready to be at the forefront of writing history.

At the heart of this story lies a conflict between two men in 1968. One of them is good B.F. Skinner, the other is good Lewis Mumford. It was one moment when two ideas about how technology could be used to advance human society first XXX ((unintelligible)) to take hold.
There's a documentary from this time made in mid-60s called "Towards tomorrow". And in this documentary, it described two possible future visions for human society. In a society where old forms of authority were declining, what would be the way that we could organize masses of human beings in a future society.
One of these visions for this society was a world managed by an elite group of technocrats, a specialized elite who managed a large population of passive human beings who constantly needed to be monitored and managed to be able to to keep them happy. B.F. Skinner described a new way of controlling and ordering people. He posed the question in this age of mass democracy and individualism the old forms of coercion was simply not possible and he put forth the idea of using reward. And he described an experiment where you have a cage with a pigeon inside and the pigeon can be trained to peck symbols, buttons, and depending on which symbol they peck, they get a pellet of food. In this way, by giving the pigeons the right reward for the correct behavior, they train the pigeon as a mechanical object.
He then took this farther and he went to a mental hospital in San Bernardino in California and in the mental hospital, what they did is they gave the mental patients small reward every time they did a good behavior. With this reward, when it was a lunch time or a dinner time, the patients could sit at a nicer table. So, inside the mental hospital, they created a new ordered hierarchy from a system of reward in which people don't feel controlled but feel empowered. Skinner describes this model as a model for the future of humanity. What's really interesting about this video by Skinner is it there's something very eerily similar to what we see today in which there is a technocratic elite that has interest in politics only in managing human society to keep us happy to keep everything stable and to keep themselves rich. A lot of this was powered in the mid-80s with the fake consumer credit to reward us as a form of social management - much like the experiment with the hospital, the mental hospital.
Lewis Mumford put forward an alternative vision for a society. In this video I'm going to show you - he first criticises Skinner and then he puts forward an alternative vision where everybody in the society is a participant. Everybody is an active human being deciding their destiny.

There were many forms the computer could have taken. In 1800s, the computer was proposed by Babbage. And popularized by Ada Lovelace. It was seen as a tool that would have huge social uses and that should be in the hands of many people, but when the computer was first developed during WWII - for cracking German codes for the military and for guiding ballistic missiles - computers became a very large centralized machine.
By the 80s, communities of hackers started to emerge which started to be fascinated with these huge machines - which at the time you had to get the time slice, to get the appointment to get to get some time to use the machine - they started to get jobs near these computing devices, because they wanted to know how these machines could work. They started to build their own computers in their garages, in their houses and universities - and that was the birth of the personal computers, the reason why we now have laptops and telephones.
What happened was: a lot of big companies started to come along and they started to invest a lot of capital. All of the hacker community - who up until that point had never seen money before in their life - to throw themselves at, at the proprietary industry. And whereas before the culture that had created this personal computers, this liberatory technology, really believed in power to use the technology to improve the humanity for the better, who really believed in free technology, in sharing techniques and code with each other - instead became siloed off.
But there was one guy - Richard Stallman - he was just a guy - he found this ethically wrong. If enough people got together, we could give a challenge against the proprietary industry. He made that as a proposal to the community - that it doesn't have to be this way, if we together put our energies we can build our own operating system. A lot of people at that time thought that he was crazy or that his ideas weren't feasible.
This is early video of Richard Stallman.

So, in 1991, the cryptography was classified as ammunitions and Philip Zimmermann wrote the first freely available encryption software for anybody to use and he uploaded it to the Internet. The American government arrested him and he was facing a decade in prison. What Philip Zimmerman did was to print the source code of PGP - of this encryption software - which he sold internationally, which is something that in America is protected under the First Amendment. And the American government was realizing that they couldn't continue with the case, they dropped the case. And since that time, because of the action of Philip Zimmermann, software became classified as a form of speech. And cryptography became widely available. It's now reason why cryptography is available everywhere.
Also, in early 90s, Stallman has started to piece together his operating system. And by now a community a community of people has emerged around him. It was the birth of Linux - a really important piece of technology. Not just in the free technology world, but in general, in hi-tech space it place a very key role. And that was a rise of the whole bunch of movements: free software movement, hacker movement, crypto-anarchist movement. Movements were invigorated with creating a lot of new ideas and a lot of new concepts about how we could use the technology to shape the world around us. These were collective movements driven by the shared sense of purpose.
Towards the end of the 90s (the baby boomer generation), the western society became overly optimistic. Something the Jean Baudrillard called 'the dead of society' and 'obsession with desert-like forms / with the simulacrum'.
Stallman free software movement failed to capitalize on institutionalizing his movement. And what happen was what emerged was the open source movement. It was a movement that said: making this technology is not a question of freedom/ethics, it's simply when you have access to source code of a program it's more efficient, it's cheaper, it makes more quality code. I don't think that's true, but that was their argument. One of the main spokesmen was Eric Raymond who released a book called 'A cathedral and a bazaar'. In that book, Eric Raymond has described the open source development philosophy as open bazaar where everybody, dozens or hundreds of people, a wide number of people all collaborated in a horizontal manner. He coined an idea that given enough eyes all bugs are shallow. When we have a piece of source code, if there are enough people - all contributing a small amount of time and looking at the source code - then if there is a bug, that bug will be found. The idea that given a huge amount of people with a small amount of contribution of each, that we can develop projects and advance technology.
Then what happened was the biggest event in the modern western history - which was the collapse of the twin towers, the twin idols of capitalism, perfect in a reflections, reaching into the skyline of New York - which realized our deepest most hidden desires to see the destruction of this passive lifeless world. And what it represented was the return of the real (of the) dark forces - that we ignored - back to penetrate into our reality.
In early 2000s we saw a lot of optimism and momentum for change. We saw the Arab spring, we saw The occupy, we saw the orange revolutions. In the technology world, we saw a lot of advances, there was a huge amount of optimism for Linux on the desktop. Every year the people were saying: this is going be the year of the desktop. Everybody was waiting for that sudden single breakthrough. One of the major developments in technology world was the confrontation that took place between Hollywood and a Manhattan programmer called Bram Cohen. ((...)) He developed BitTorrent. The concept started with sites like Napster or Kazaa - that were centralized services that were shut down by authorities.
Cohen came up with a concept: if enough people downloading files and seeding them at the same time - then the more people that download the file the more that file will become widely distributed in the network. So, that file will become shared in a self-regulating network. It was a big success and the movie studios didn't know what to do about this, they were completely powerless in face of this technology. The idea of creating a functional self-regulating system outside of power proved itself and it's something wildly popular among technologists.
The next major development is the shutdown of the Pirate bay which led to the development of the Pirate party that at one point had double digits in elections and even entered into the EU parliament. There is huge momentum behind it. Wikipedia was also developed - the idea that given thousands and thousands of people all contributing small edits, one line at time, could build this huge knowledge resource . Around this movements started to emerge the new priests of this internet-centric decentralization technology - people like Yochai Benkler, academics who would go to conferences and sell this ideology to people.
But something strange started to emerge. Wikipedia released statistics about edits on Wikipedia. We found that it was a small group of dedicated people that wrote the majority of Wikipedia, people who really believed in the project and spent all their time writing the majority of the articles on the website. When we started to look closer at these decentralized systems, what we observed was small groups of leaders surrounded by a wider community. In BitTorent, it wasn't that everybody was seeding in the network. Most people, after they downloaded, didn't continue to run the software. In fact, it was a small group of users, who wanted to challenge Hollywood and promote BitTorrent, who would leave their software running seeding torrents.
In open source, we observed that there were small groups of dedicated developers in a project surrounded by wider community. And in fact, what Stallman has done was not just to write Linux and put that in the community, but he had written articles, he had written manifestos, he had put forward a vision and an ideology that pulled together enough people and drove this movement of hackers forwards.
So what drove these projects for freedom was not a new model or a new technique. It was a vision that pulled together enough people to realize an idea. To understand why Occupy and Arab Spring and orange revolutions and the Pirate Party and a lot of these movements had a huge of amount of will and movement - fail, it's really instructive to understand what happened to Egypt. In Egypt, huge amounts of youths started to mobilize through Facebook and they started to go to this center in Cairo to front the military dictatorship. Huge amount of people died in that struggle. And after they threw out ((?)) the military dictatorship, the youth then sat down and said: "Okay, now what we are gonna do? What's next?". So they started to discuss.
And into that, came a group of people, with a vision, with an ideology, that was well organized and able to pull together enough strands of the society behind them. But they could put their vision into power. And that was the Muslim Brotherhood.
And then the same youth hood - that kicked out the military dictatorship - came back to the square to ask the military dictatorship to come back and rescue them from the Islamists.
At the same time, Satoshi developed Bitcoin. I remember on Satoshi's early website he described it as a peer-to-peer form of money that cannot be controlled by central banks and governments. And it's something that attracted libertarians, cryptographers and hackers. Bitcoin is kind of a technology - free technology project - that was a little late to the party. Interestingly, it finds itself in the same place as the movements that preceded it. The fundamental problem with Bitcoin is not a problem of missing this or that technology, it's a problem of a lack of vision, a lack of how this technology is -
And it's not just about Bitcoin - it's something to do with the wider technology movement. We have to understand the global situation now. Humanity is facing a future with a huge amount of suffering. We are facing the threats from terrorism, from immigration. There's the rise of new ideological movements - ISIS just went and took a city in southern Philippines for more than a month - which is right next to Indonesia, the biggest Muslim country in the world. And in Europe the new right movement is getting very strong, organizing training camps, becoming well-organized, getting into political power and well-funded. This is the reality of our situation now.
We have to think about how this technologies that we make -, where do they situate themselves in the wider global context.
In Rojava, there is also a really important movement with the ideology of democratic confederalism which is the way forward from anarchism. And offers a really good analysis of what is the current society and what is the crisis that we're facing. And how, in that place, revolutionaries from all over the world are going to learning the methodology and ideology of this movement. It's a new emerging movement outside of any one person's control, but new forces can be harnessed. What we have to understand is that anarchist movement and the hacker movement is something deeply connected. The problem with anarchism is that it failed in it's potential to advance humanity forward, it's simply an ideology that no longer is able to work. What we have in Rojava is a libertarian revolution of 5 million people. What is democratic confederalism? It's an ideological movement that opposes the state as a mechanical worldview and sees the nature as something that is divine, that seeks to restore the balance back between internal+subjective and external+material world. The freedom comes from reaching our destiny as human beings, not simply through pleasure seeking. (Liberalism is the destruction of the free society.) And the better humanity it's not simply a happier humanity but stronger freer humanity. The crisis in the West not simply an economic crisis, but social crisis - we're facing a deep cultural issue.
All of the ideas in hacker movement - such as BitLaw, digital governance, cryptographic economy, decentralized organization, new economic models, new technical tools - unless we are able to take all of these concepts and put them into a plan, with a sense of direction, that we can put these into practice - then it's something that's going to be lost. Now, what's presenting itself is a massive opportunity for hackers to put their ideas into practice.
So, right now we are building a hacker team. There's 3 tasks we have to do: study of all the ideas and concepts in technology. From this study we have to develop a long- term plan. And thirdly, we have to devote ourselves to build the technical base of this new emerging democratic confederalism movement, we have to create revolutionary hackers dedicated to the course. If we don't, then all of the technology we are making is outside of the society, it's a toy, and what is relevant in this world is not making new products to fill the spaces in the environment around us, but using technology to shape politics that influence the world around us.
This revolution in North Syria or Rojava is the biggest opportunity in the entire history of modernity. Through this we can give direction to the hacker movement. One of our main projects is a Bitcoin project. We have a nation of 5 million people and - and - and there is a financial situation where they're under financial embargo, they use - , they don't have the financial infrastructure so they use paper money and Syrian Lira is inflating massively. Because there's embargo so you can't send money in and out. Also there is a project to create decentralized economy and there's a lot of real concrete uses for Bitcoin. And also the ideology of the revolutionary nation is in line with the vision and values of the Bitcoin.
When we decide to look at deploying Bitcoin, what we realize is that Bitcoin is not ready and there's a lot of new things that need to be developed in Bitcoin, they should make it so it's able to be deployed on a scale of 5 million people. We are assembling a project to deploy Bitcoin as the national currency of Rojava. We want to create new products in practical use on a large scale. Products that solve real problems and serve the cause of freedom.
Towards this goal, we're assembling a team of 20 hackers dedicated for two years. We're looking to establish links with companies and sponsors to make this happen. The first step is to establish a hacker's academy in Greece - to train groups of revolutionary self-sufficient hackers that we're going to deploy on projects. Our needs now: partners, sponsors, space, support.
Our first plan is to setup exchange shops and localized wallets in Bitcoin where people come buy vouchers and use Bitcoin to create a local Bitcoin market. We have to create brochures, lots of information. Once this system gets bigger, then we also need to think of bigger financial infrastructure - so one of the things is paper wallets. At the moment, 100 thousands paper wallet cost $6000. Unfortunately the counterfeiting measures on the paper wallets aren't very well made. There needs to be a lot research done. There is a small USB device called ESP 12 which can be programmed with micro Python and C and it has on-board Wi-Fi, plus you can fit modules for radio. Through that you can create a large scale payments networks with cheap consumer devices that cost fie dollars each for people to transact bitcoins.
There is also a big market for Bitcoin because sending money between Rojava and Istanbul currently costs 5 %. Later, we also can create plastic card system where we print cards and also establish payments network using radio systems. There needs to be a lot of development and investigations in Lightning Networks and other technologies.
This is why I [want to ((?))] have a laboratory - if I take a group of people there - I can create all kinds of technology projects and a lot of concepts we've been theorizing for a long time. We can see that it works practically.
There is also the project of the Pirates to create liquid democracy - there is a system of local councils in every neighborhood which - , a lot of these digital platforms that have been developed for many years - we can deploy them. There was also the economy being based on cooperatives - all of the ideas about economic management, about collective management of resources about using cryptography and currencies to manage cooperatives. These all things we can deploy - but what it's going to take is a group of people who's doing this research, who's going deep - not only in terms of developing new concepts - but looking back into the literature about what were - , what is the history of the movement, where we situated it and also what are the concepts and how we can apply them towards our goal.
I'm gonna to finish my talk on that. Does anybody have questions?
submitted by vbenes to Bitcoin [link] [comments]

Significant people of The Crypto World

Significant people of The Crypto World
The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.
In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.
So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

https://preview.redd.it/cpg7ccxq1dm31.jpg?width=960&format=pjpg&auto=webp&s=ce5d1f4cc2ff52aea425c68056d89c3d6f9b543e
Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block. one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

https://preview.redd.it/84dtgmis1dm31.jpg?width=1280&format=pjpg&auto=webp&s=6b1a450a6d689acce9c2dd5ef3690fb67923d83b
Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

https://preview.redd.it/s3bvu81w1dm31.jpg?width=4000&format=pjpg&auto=webp&s=99660eb5ce334b35c948b6b21a5bdc44009f0b99
Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain. info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain. info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

https://preview.redd.it/jb2at1ey1dm31.jpg?width=722&format=pjpg&auto=webp&s=8eacbcfeda54dbdac4fa7159ec9c6b6b9db36a9d

Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange. Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

https://preview.redd.it/hqtmc7w02dm31.jpg?width=1140&format=pjpg&auto=webp&s=b040bc864281973444df43b19aaf843d2c08eb64
The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.

Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to ethtrader [link] [comments]

Significant people of The Crypto World

Significant people of The Crypto World
The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

https://preview.redd.it/4z8wy8sztrl31.jpg?width=960&format=pjpg&auto=webp&s=03cbdc2c9cd3e2557adfa5bd07b51d7d7a3c2385
Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block.one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

https://preview.redd.it/awljtyepvrl31.jpg?width=1280&format=pjpg&auto=webp&s=6869c5cc3a562e396bc4290734fbf2b4a77132c8
Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

https://preview.redd.it/rowhubztvrl31.jpg?width=4000&format=pjpg&auto=webp&s=c8b18a72553db98286da1eb81827fdcc9e54d9f7
Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain.info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain.info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

https://preview.redd.it/wkx2fbp3wrl31.jpg?width=722&format=pjpg&auto=webp&s=23337858437d4b9ca4a03556ff79e45b20e2a764
Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange.Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

https://preview.redd.it/angh5onbwrl31.jpg?width=1140&format=pjpg&auto=webp&s=de90beb0a064f66c5ce5381529869624a8a163d9
The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.


Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk.
Read what the customers say about SimpleSwap on Trustpilot.
Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to Cryptocurrency_Daily [link] [comments]

Significant people of The Crypto World

The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

https://preview.redd.it/iv2hqlopzrl31.jpg?width=960&format=pjpg&auto=webp&s=af75f42cee1fb10f6ce24813f3109232a075d829
Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block.one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

https://preview.redd.it/2g97la2tzrl31.jpg?width=1280&format=pjpg&auto=webp&s=6813f4b926bccd930dd11a32d4844a9f0a0aceca
Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

https://preview.redd.it/0ompex8vzrl31.jpg?width=4000&format=pjpg&auto=webp&s=a2140091e53728136c9c9e4672e034cb735d83ec
Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain.info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain.info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

https://preview.redd.it/djpi38yyzrl31.jpg?width=722&format=pjpg&auto=webp&s=b76f8a39296daf1f9fcc0892fbbba0adc72350ab
Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange.Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

https://preview.redd.it/ld93kqo20sl31.jpg?width=1140&format=pjpg&auto=webp&s=15874723d1c67e5166aab9a83571b4b261f67b1f
The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.


Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to Crypto_General [link] [comments]

How To Keep Your PC Safe From The Bitcoin Mining Frenzy?

How To Keep Your PC Safe From The Bitcoin Mining Frenzy?

https://preview.redd.it/cg6uc2povgr21.jpg?width=1000&format=pjpg&auto=webp&s=c0a12b825ffc6964c5ce44e996238fb897b67ce7
Whether it be the California Gold Rush, the deep 250-mile run of gold discovered in South Africa or the Great Australian Gold Rush, few events have driven so many fortune-seeking prospectors throughout history to mine for riches more than the allure of gold. You may have missed some of the most famous gold rushes in history but the past year has shown the world a new type of gold rush, defined by the digital world we live in today. It is not gold that is magnetizing so many people to become miners, but cryptocurrencies such as Bitcoin. The tools required for this modern day mining rush is not a shovel and gold pan however. The tools of the trade time include a rack of servers, or if you don’t have the money to invest in pricey infrastructure, a few lines of malicious code will do the trick as well.

The Cryptocurrency Craze

Cryptocurrency is all the rage today as people lay down money in crypto exchanges to secure a wallet to purchase bitcoins and other high valued cryptocurrencies. With such huge speculative fluctuations in pricing for these digital coins, the less risker way to play this new craze is in mining. Miners use computer-processing power to create the digital currency. Mining today requires far more robust systems than were required a couple of years ago due to the surge in popularity of these currencies. In exchange for creating and managing the ledgers, miners get a share of the cryptocurrencies they mine.
While a gold rush type of mania attracts many enterprising and fortune-seeking individuals, it also attracts sinister individuals as well who look to use more dubious means to obtain their fortunes. The hash rate requirements for crypto mining requires a great deal of processing power and electricity to mine bitcoin and other cryptocurrency. This of course requires significant CAPEX to fund the necessary high-end processors and infrastructure. As a result, some unscrupulous individuals have found ways to use the CPU power of unsuspecting users. While a single client device has nowhere near the capacity to mine cryptocurrency by itself, the collective effort of millions of devices can. Hackers who control these zombie armies of miners are ringing in the profits.
One sinister method of acquiring miners involves cryptocurrency mining malware. Once a device is infected with this malicious code, it begins using the CPU and memory resources of its hardware host to help collectively mine a designated cryptocurrency. This type of malware first appeared years ago when bitcoin came into fruition, but phased out once the hash requirements exceeded the capabilities of consumer-based CPUs. Thanks to the proliferation of an ever-growing number of cyber currencies, this menace is exponentially growing once again along with the value of the involved digital coins. In addition, many criminals involved in ransomware last year are now transitioning to crypto-mining malware as the money is more predictable and steady.

Types of Crypto-Mining Threats

An IBM security team reports that cryptocurrency mining attacks have increased by over 600% this year while Kaspersky Lab reports to have found the mining menace on 1.6 million client computers. One example of malware is Adylkuzz, which has been one of the biggest menaces of 2017. It actually infects PCs in the same manner as the WannaCry virus, using an exploit found in the Server Message Block protocol. Unlike WannaCry however, it does not require any manual interaction to infect the system.
While some crypto-mining attacks are delivered through traditional means such as email embedded links and attachments, other strains are deployed through the means of cryptojacking. Many of these menaces are planted on popular websites by hackers in order to infect unsuspecting visitors. Just last month, hackers managed to run ads on YouTube that consumed the CPU power and electricity of visitors. However, some website companies are knowingly participating in cryptojacking as a revenue source for their websites. With the growing popularity of popup ad blockers, ad revenues are shrinking and some companies are turning to cryptojacking as a more dependable revenue source.
  • #1 Coinhive – Coinhive is one of the original crypto-mining forms of malware to appear and is designed to perform online mining of Monero cryptocurrency when a user visits a web page without the user’s approval. The malware implants JavaScript code to manage the infected device’s computational resources to min the coins.
  • #3 Cryptoloot- Crypto-Miner is a competitor of Coinhive and is attempting to overtake it through lower commission rates. Like Coinhive it also consumers the CPU of infected devices.
Coinhive alone has infected some 500 million computers. It is estimated that 55% of businesses worldwide are affected by the attacks. Just last month, users began complaining cryptocurrency mining code in the ads that have been displayed to them by YouTube.

How to Detect and Stop Crypto-Mining Malware

Crypto-mining malware dramatically affects the performance of your machines and in some documented cases have damaged the infected device. Symptoms of an infection include:
  • Over usage of your CPU
  • Overheating
  • Measurable levels of slowdown and sluggishness
The best way to determine if a Windows device is infected is to analyze your CPU and memory resource performance levels in Task Manager. Any sustained CPU level above 70% would strongly indicate an infection. If your device is infected, you will need the aid of an up-to-date antivirus application. Privacy is also always an issue you want to take care of and knowing the 2018 cyber security trends and predictions should be of interest.
There are some basic measures to keep your computer safe from crypto-mining related threats.
First off, protect your web browser:
  • Enable popup blockers in your browser and consider a pop-ad blocker extension
  • Disable JavaScript in the Edge or Internet Explorer Browser
  • Firefox users can use JavaScript-blocking extensions such as NoScript
  • Chrome users can use the minerBlock Chrome extension
One of the best things you can do to combat all threats including crypto mining is to keep your devices up to day with regular patching. You should also avoid freeware websites that can automatically download unwanted applications. Some type of endpoint security protection is also imperative. As long as crypto-currencies continue to offer big returns, these types of threats will continue advance and proliferate.
submitted by hopkinsallie to VPNSecurity [link] [comments]

102 things to do in the Sacramento area, for people who live in the Sacramento area

Last updated 7/22/2015
Please find the 2nd half of the post in the comments below
Obnoxiously long post alert
People are always looking for something to do around here. Maybe you’re a transplant, unaware of what this area has to offer—or maybe you’re a lifelong resident, tired of the same old thing.
Sure, we’ve got Old Sac, Sutter’s Fort, Crocker Art Museum, Kings, etc—but chances are, if you’ve lived here for more than a couple months, you’ve gone to those places already. If you’ve lived here all your life, you’ve probably visited them dozens of times. What now? Can’t get drunk every night.
Well friend, do not despair. There’s actually plenty of things to do in the Sacramento area—things of interest to almost any lifestyle, personality, or way of life. Whether you’re an athlete, geek, eccentric, weirdo, or sexual deviant.
I’ve had a lot of time on my hands recently, so I decided to put together a list of activities for you to try if you are so inclined. Please note that I’ve tried to keep this list as non-generic as possible. Most people are aware of the Music Circus, where to find a movie theatre, or how much fun a XOSO league can be. I’ve also tried to include only activities that take place at least a few months out of the year—no one-off events or festivals here. So here we go. Enjoy and feel free to add suggestions of your own!
  1. Cast you some spells and slang them multi-sided dice at Great Escape Games in Sacramento, A1 Comics in Sacramento and Roseville, Olde World Gaming in Elk Grove, and/or GamersCircle Comics in Folsom.
  2. Catch some indoor waves at Surf Xtreme
  3. Paintball it up at Capital Edge, Surf Xtreme, or Davis Paintball,
  4. Airsoft your ass off at Ukau’s.
  5. Like to Knit? Enjoy a good chat? Join a Knit and Chat at Knitique: a Yarn Boutique in Elk Grove.
  6. Play disc golf at one of several courses in the area.
  7. Can't get enough 2nd Saturday? Try 3rd Saturday in Roseville, 3rd Saturday in Placerville, or 2nd Friday in Davis.
  8. Go Geocaching for one of the thousands of great hides in the area.
  9. Join an intergalactic war for local landmarks and public art in the Google-produced, GPS-Dependent MMORPG, Ingress.
  10. Check out Sacramento's other professional sports teams--The Sacramento Sirens (women's tackle football), Sacramento Gold (men's soccer), California Storm (women's soccer), or Sacramento Surge (men's indoor soccer)
  11. Enjoy the fast-paced, bonecrushing action of roller derby with the Sac City Rollers and Sacred City Derby Girls.
  12. Hunt for ghosts with Elk Grove Paranormal Investigations.
  13. Preserve and explore the area's unique history and heritage by joining or supporting groups such as the Sacramento County Historical Society, Preservation Sacramento, and Sacramento Modern.
  14. Watch people drive really fast at Sacramento Raceway (drags), All American Speedway(short track), and Placerville Speedway (dirt).
  15. Drive your own car really fast at Sacramento Raceway's Wednesday Night Street Legal Drags. You can run your mom's Hyundai, or...
  16. Rent a Ferrari, Lamborghini, Aston Martin, or Bentley from LA Luxury Car Rental. They'll deliver it right to your door.
  17. Purchase the sweetest sweet corn in all the land at the Davis Ranch in Sloughhouse.
  18. When you're done in Sloughhouse, head a little further up the Jackson Highway (just past Rancho Murieta), hang a left on Michigan Bar Road, and cross the bridge (it's safe, trust me!) for one of the most historic, beautiful, and adventurous road trips in the entire area. Make sure you bring a hearty vehicle (not a rented Ferrari) and avoid during winter and spring.
  19. Grind some rails at Sacramento, Elk Grove, Folsom, Rocklin, and Citrus Heights skate parks.
  20. Catch some air at Elk Grove, Oak Creek, and Elkhorn BMX parks.
  21. Make obstacles your bitch with Norcal Parkour.
  22. Become a confident public speaker with the Toastmasters.
  23. Take a short drive to Rancho Seco Lake for picnics, swimming, fishing, and hiking.Watch out for three-headed frogs.
  24. Join a bocce league at the East Portal Bocce Club.
  25. Watch some slobberknockers at live Total Wrestling Federation and Supreme Pro Wrestling events. If you'd rather lay the smack down on some jabroni yourself, both promotions offer training.
  26. Join a fraternal organization like the Elks or Odd Fellows for cheap drinks/meals, camaraderie, and old school cool--all for a good cause.
  27. Explore the amazing Vernal Pools of Mather Field--an endangered habitat.
  28. Buy some tricks, attend magic workshops, and become the next David Blaine at Grand Illusions.
  29. Take in a sultry and sexy burlesque show--there's four local troupes to choose from
  30. Learn about wild edibles in the area with the Sacramento Foragers.
  31. Live your Hunger Games fantasies at the Discovery Park Archery Range and Wilderness Archery in Rocklin.
  32. Football season is here! The Sacramento region boasts some of the best high school programs in the state. Check out top notch teams like Grant, Elk Grove, Folsom, and Del Oro to see potential division 1 and NFL players of the future.
  33. Learn about bizarre and fascinating surgical implements of the past at the Sierra Sacramento Valley Medical History Museum. Entry is free.
  34. Partake in Mike Tyson's favorite hobby with the Fort Sutter Pigeon Racing Club.
  35. If Live-Action Role Play (LARP) floats your boat, Sacramento Valley Amtgard has the battles, weapons workshops, and skills classes you've been looking for.
  36. Become the king of Pho ("Pho King", get it? HAW HAW HAW HAW) or the apple of Daddy Dave Leatherby's eye by conquering some of the eating challenges and contests in the area. Make sure to take your Lipitor.
  37. Take in a play at one of Sacramento's smaller, edgier, more contemporary community theatre companies--like the Big Idea Theatre or Kolt Run Creations.
  38. Take acting classes from acting coach to the Sacramento stars, Ed Claudio.
  39. Write and produce your own play at the Thistle Dew Theatre Playwright Workshop.
  40. Enjoy some dirt cheap entertainment with one man band Winko Ljizz at the Acoustic Sanctuary.
  41. Party down and help kids with the Active 20-30 or Women's 20-30 social clubs.
  42. I don't know any chess puns to make here, but if you're into chess, you should join the Sacramento Chess Club.
  43. Join a pickup basketball game at one of Sactown's best streetball courts.
  44. Enjoy your favorite horror flicks in a whole new way with Amber's Sweets--one of the nation's premier shadow casting troupes.
  45. Take butchering classes at Taylor's Market and become the master of meats.
  46. Learn to prepare fabulous meals at home with cooking classes at Good Eats, Sac Food Coop, or Le Cordon Bleu's Bleu Ribbon KItchen.
  47. See 1500-4000 year old petroglyphs, rock art, and grinding holes at the Maidu Museum and Historic Site in Roseville.
  48. Take the plunge at SkyDance Skydiving in Davis or Parachute Center in Lodi.
  49. If you'd rather fly the plane than jump out of it, take pilot lessons at Sacramento Executive Airport.
  50. Produce and broadcast your own TV and radio programs at Access Sacramento.
  51. Play that weird sport you always watch when nothing else is on during the Winter Olympics with the Wine Country Curling Club at Skate Town in Roseville.
  52. Join a local car or motorcycle club.
  53. Be amazed or creeped out by more than 7 million living and dead insect specimens at the Bohart Museum of Entomology in Davis.
  54. Take your 4x4, dirtbike, or ATV off-road at Prairie City SVRA
  55. If motorcross is your bag, hit the track at Prairie City MX (private track) or Riverfront MX Park in Marysville. Rental bikes and lessons are available at both.
  56. Programmers, coders, entrepreneurs, makers, inventors, and those who aspire to be one of these--find workspace, resources, meet-ups, and classes at the Hacker Lab..
  57. Pub crawls are the past, The Brew Bike is the future.
  58. Get into a duel at Sacramento Sword School, Sacramento Fencing Club, or Hristov-Csikany Fencing.
  59. Exercise your 2nd amendment rights on the ranges at The Gun Room in Elk Grove or The Gun Range. Rent one of their hand cannons or bring your own.
  60. Build superior intelligence--or some sort of contraption to feed your cat for you--with the Sacramento Area Robotics Group.
  61. Play a round of Citizens of Catan and enjoy a tasty brew with the enchanting respectfully_disagre and her Beer and Boardgames group.
  62. Buy some gold pans or a sluice box at Black Sheep Mining and head for the hills--just like the 49ers that first "rushed" to the area. experts say more than 80% of the motherlode is still waiting to be found--and gold prices are still higher than they've been in decades.
  63. Join the cryptocurrency rush with the Sacramento Bitcoin Meetup Group
  64. Borrow a boat and find the secret party island.
continued below...
submitted by BurritoFueled to Sacramento [link] [comments]

Significant people of The Crypto World

The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak.
In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more.
So who are the great minds of the virtual world?

Brock Pierce — from gamer to millionaire

Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block. one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.

Preethi Kasireddy — An engineer with a big heart

Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of ​​a crypto.

Roger Ver — “Bitcoin Jesus”

Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain. info and BitPay.
Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital.
The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain. info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million.
Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.

Andreas Antonopoulos — Bitcoin Guru

Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components.
In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange. Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange.
Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”.
Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.

Winklevoss brothers — the first Bitcoin billionaires

The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars.
Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.”
Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”.

There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.


Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected]](mailto:[email protected]).
submitted by SimpleSwapExchange to CoinBase [link] [comments]

[Long] In defense of the idea of "post-scarcity"... kinda

It has come to my attention that on this subreddit and many others, the idea of humanity becoming a "post scarcity society" is seen as laughable, and its proponents pitiful and uneducated.
It is not difficult to see why people would think this. Right now, we live in a world of consumer capitalism, which is characterized by private ownership of the means of production, wage labour, and the exchange of goods and services on a market as opposed to a planned economy. Market economies generally create price points through the ever alternating conditions of supply and demand, that is the higher the demand and the lower the supply of a good, the higher the price will be and sometimes vice versa. Now, in this capitalist market system, value is dictated by this principle of supply and demand, and so an imperative precondition for capitalism is the scarcity of resources. If there were no or little resource scarcity, it would be impossible for any market system, including capitalism, to function at all.
With that said...
Throughout human history we have gained ever easier and more convenient access to resources. The earliest example of this was during the neolithic revolution, where hunter-gather tribes were settling down and beginning to invest their time majorly in agriculture, but also in the area of crafts. This dawn of civilization brought with it many perks for the human race. People no longer needed to hunt for food, and had a sense of safety in their respective community. At the end of it, humanity had much greater access to resources than they did in paleolithic times - this was also of course the advent of the division of labour.
The next big "jump" we made as a race was during the industrial revolution, where the combine harvester made many agrarians redundant, so they flooded to the cities to work in factories, this was the beginning of commodity production. Good that previously only the wealthy could afford were now available to the masses because factories were so efficient in their production. The resource we used for power at the time was steam and coal, which gave us electricity.
Recently we have had another big leap as a civilization. The internet has given us near limitless access to cheap and free information that has led to a boom in the education sector. These days, anyone can gain a new skill by taking an online course or simply through self learning.
Today we are beginning to transition away from fossil fuels and into renewable energy in a big way, and this is only going to become evermore the case. But here's the thing with renewables, they are self sufficient, they require little resources to maintain and run. Renewables thus have a net marginal cost of near zero in the long term. And on top of that, with experimental nuclear projects such as the ITER project and various governments mandating the research of MSRs, there are even more ways to generate energy than ever before.
Energy is becoming more and more abundant, setting the precedent for post-scarcity.
However, its not just about energy, its also about information and resources. We are making technological strides in areas of agriculture, in nanotechnology, and in so many other areas. There is an experimental method of recycling that exists called molecular sorting, whereby waste is taken and, via nanotechnology, disassembled into its individual components to be reused for other stuff. Countries like Japan are investing heavily in vertical farming, which if we were going for post scarcity could generate an abundance of food for the population in combination with the synthesizing of meat and dairy produce. Food has the same problem as energy, you use it or you lose it, at least today. However, imagine having massive storage containers positioned next to your nearest vertical farm that would cryogenically freeze most of the food produced on the urban farm, a "food battery" if you will. It would take a lot of energy, sure, but with what I have previously stated I think we've got that covered. And of course, there's water. With water I find we kind of have a paradox, Earth is 70% water yet many countries have dire water shortages. Of course I don't need to worry since I live in the UK where weather conditions are mostly favorable in this case, but that's besides the point. Desalination is becoming a big thing now, and its not hard to see why. With this technology, we can filter out saline seawater into drinkable water quite effectively, and it has served some nations such as Israel quite well, and also in parts of California in the US. It's a technology that can be used rather strategically, and can address much of the world's issues with access to clean water. Not to mention if you engineered your desalination plant in a certain way it could double as a hydro plant for electricity.
Oh yeah, not to mention a list of things like advances in robotics, AI, asteroid mining, fusion rockets, warp drives (we can create negative effective mass now btw), VR, AR, MagLev trains, and so on and so forth.
That leaves a couple of things left. The first is housing. Of course no matter how much you try to think otherwise, and unless you've built a Dyson ring, you can pretty much assume that land is inherently scarce.
But contrary to what you might think, this isn't actually a problem at all. There is an organisation called the vertical city institute which is based in China. It's proposal is simple. New cities should be built vertically and not horizontally. The structure or multiple of them would be built spacious enough so that the inhabitants would feel like they have enough space, and elements of nature such as vegetation would be integrated into the city design giving people access to green spaces even when they are on the 100th floor.
The specifications don't go into too much detail, but I have played around with the idea in my head and have came up with a few additions. I personally am a big fan of modular design. With the conception of so-called "Smart apartments" today, people are able to fit more and more stuff inside less and less space. This concept got me thinking, what if we took this idea to the extreme a little? Imagine a 10 metre x 10 metre room. Inside the walls of this room are decently sized storage spaces. Say you wanted the whole living space to be a lounge, you would retrieve a sofa of your choosing from the storage spaces in the walls of this space, maybe some lamps and a coffee table. Now imagine you don't want this living space to be a lounge anymore, you want it to be a personal gym instead, the same principle would apply. With the right automation technology such as robotics, you could change the setting of your living space repetitively, and this would render things like 10-bed mansions obsolete; in fact with this idea you essentially have all the functionality of a mansion inside one room. Privacy isn't an issue either since if you have multiple people staying in one of these living spaces, you could spit the room into multiple sections, and these could have different independent settings of their own.
But wheat about access to nature? There's one big advantage I haven't discussed about vertical cities. Building cities this way saves a ton of land, that could be used for recreational space or even further agriculture outside of the cities. This has the positive knock on effect of not disturbing nature and thus nurturing further biodiversity.
There's one last thing I want to address in this discussion, and that is resource allocation. Now you may be thinking "if you need to allocate resources in any specific way then you haven't achieved post-scarcity", and this is true to some extent. Let me confuse you a little, despite all I have talked about in this post, scarcity is something that is inevitable in a finite universe. In addition, if goods are being produced in ubiquity, but no one can access them, then that creates scarcity - and so you have to do something about it.
You can distribute goods in a variety of ways, the most high tech of them being via automated drones. The big question though is how you allocate those goods and resources. The answer to that problem may come closer than you might think. The technology behind bitcoin and other cryptocurrencies, the blockchain, has many alternate uses. In combination with the internet of things, a more advanced form of the blockchain could be used as a decentralized network that would catalog the earth's resources and distribute them via request. This AI driven "resource management system" would not govern people, but would instead be subservient to people's everyday needs.
The amalgamation of all what I have stated above would not create "post-scarcity", that much is impossible since we live in a finite universe. However, it is possible to create such thing as a "perceived post scarcity" or "access abundance" as I like to call it, through the methods stated above.
Possible counter-arguments:
Human population: I predict that as the third world gains access to healthcare, education, and reproductive facilities, the world population will stabilize eventually leading to a situation where we have gradually more resources per head; I do not predict any exponential growth in the world population.
Extraordinary requests/hoarding etc: Obvious nonsense requests for resources will be rejected unless they have a valid reason, this could be decided through democratic means. Also, its unlikely anyone would hoard since it wouldn't benefit them, as with access abundance they would always have access to the things they need or want.
I hope this post wasn't too lengthy and I look forward to hearing your responses to my ideas.
Edited for typos, if you find any more please notify me.
submitted by MeleeMeistro to Futurology [link] [comments]

Wealth Formula Episode 172: Ask Buck

Catch the full episode: https://www.wealthformula.com/podcast/172-ask-buck/
Buck: Welcome back to the show everyone we have a number of questions today on Ask Buck so I am gonna get with it right away the first question is from Beau Cannington. He’s a member of Investor Club and Wealth Formula Network. Here's his question.
Beau Cannington: How much of a negative impact do you think that a rising interest rate environment will have on our commercial real estate investments and specifically the syndication investments with Western Wealth Capital? Thank you very much.
Buck: So Beau good question especially on paper right makes a lot of sense that potentially rising rates could be problematic for multifamily real estate or really for any kind of real estate. But let's go back to basics first because I think it's important, a lot of people don't have a good enough understanding of this in the first place which is when does leverage help you in the first place when does it help to borrow money from the bank? Well leverage only really helps you if you're borrowing at a rate that is less than your effective cap rate and what I mean by effective cap rate is you know you're gonna constantly drive net operating income into a property if you're increasing value of the property if you're in a value-add situation. That's what we do in the Western Wealth Capital opportunities that you're talking about. But that rate at which you borrow has to constantly and always be above your effective cap rate otherwise it's gonna hurt you. All leverage does is to simply amplify the directionality of your profit or losses. So just like it makes you profit more if your effective cap rate is greater than your interest rate, if that you know that income drops to a point where now your cap rate is actually below the interest rate, it's gonna magnify your losses. So that's at a very basic level hopefully that makes sense if it doesn't real issen to it because it's critically important and for some reason you know a lot of people don't pay attention to that especially people who are just getting into real estate for the first time it's really important. Now let's talk about the idea of interest rates themselves I mean the one that most people are familiar with is the one that's on the news all the time. It's a Fed Funds rate you know people call benchmark rate whatever. It's the one that's set by the Federal Reserve and the way I think about the Fed Funds rate is that it's an indicator for whether or not the economy is healthy it's it's sort of a barometer when the rates are getting hiked the economy is in pretty good shape and the Fed is trying to prevent it from getting too hot and to you know potentially prevent inflation. On the other side when the you know Fed lowers rates, like it just did by the way, it signals some level of concern about the economy it you know suggests that maybe there's some deflationary activity going and suggest that there's some recessionary activity going on. You know ultimately the Fed rate is you know it's set by the Fed and it's it's a tool of monetary stimulus to try to control inflation and ultimately mitigate recessionary cycles so it's a way for the Fed to control the economy you know it's one of the ways that they try to control the economy one of the monetary pulse. Now the Fed Funds rate does not equate to mortgage rates I I hear a lot of people you know like on social media and stuff talking about had funds rate goes the perfect time for me to go shopper shop a loan or something like that and well you should know a little bit more than that if you're in the business of real estate and taking loans out but you know I mean I'm seeing like syndicators do that. The Fed fund rate really affects short-term and variable adjusted rates really it's really an indication of what's going on right now in this economy in the very short term. And mortgage rates of course then are far more complex mortgage rates reflect sort of a longer-term health of the economy and they're probably there's a lot that goes into them but probably the thing that you need to watch the most is the ten-year Treasury which is much more a reflection of you know the long-term rates what the market thinks to the markets gonna be in the future right so if there is a belief that there is you know inflation on the horizon you probably see those rates start to rise. Inflation tends to rise when the economy's you know hot so anyway now again so what you should be looking at is the 10-year Treasury now I'm giving you a little bit of background rather than just answering Beau’s question initially but the good news right now is that the Fed fund rate was actually cut so it's actually not going up anyway so we don't need to worry about that right now but what we we also had a big dip in the tenured Treasury so our mortgage rates are very favorable right now as well now that's interesting because that happened before the Fed cut rates you know we recently closed on something within our Investor Club and got really good rates and that was before the that was because the treasury took a dive before it took a dive right before you know the hope this whole thing in the last week or so couple weeks where there's actually a Fed rate. But let's move back again and you know to Beau’s question. Say mortgage rates were going up what would that mean and how would that affect our investments? Now presumably that would be a suggestion that the 10-year Treasury as we talked about was going up which would also be suggestive of an inflationary environment. Now here's where it's really helpful to be invested in real estate like multifamily real estate which is of course my sweet spot. Inflation also means that we raise rents more right so in other words as rates go up so to our rent. So the ten-year Treasury is reflective of inflation when we and so the rates go up but so do rents proportionally and so theoretically we should be in good shape and not worry about it too much because it's really just an adjustment for inflation if you think about it that way. Bottom line is for me personally I don't worry too much about rates when it comes to our Wealth Formula accredited investor opportunities that we're doing and one of the reasons for that is we are incredibly aggressive about value add. So we're constantly in decompression mode as well and we're you know we're locked in to some good rates here too so. Now in addition if you look at the speed at which you know some of these companies work like Western Wealth Capitals the one you mentioned and they're forcing equity into these assets like you know incredibly fast so you're in a dynamic mode of decompressing cap rates in real time and that effectively again de-leverages the asset altogether. So if you found that confusing, listen to it again. But bottom line is if you take nothing else away from this I would tell you that interest rates in general mortgage rates will reflect inflation. So if inflation is going up rates are gonna go up and vice versa and so they tend to cancel each other out don't worry about it that's what I would tell you. If anything rates going down might be potentially more of a concern simply because that's a much more of an indication of an economy that's not healthy. Now we're doing you know BC classed multifamily I still think we're positioned very well so again I don't worry about it too much. Okay let's see next question from Chris Odegard another Investor Club guy and also another Wealth Formula Network guy so Chris here you go.
Chris Odegard: Hey Buck. Chris Odegard here in Kent Washington. My question relates to asset classes. If I remember correctly from Tom Wheelwright he talks about four asset classes: paper or commodities, real assets, real estate real assets aka real estate and businesses. So I believe that you know if I'm a shareholder in coca-cola that's paper but I'm also a private shareholder in a number of small start-up businesses so because my ownership of private shares and small businesses constitute a paper asset or a business asset? And if that's still a paper asset you know what makes you a have what makes you have an investment in business since most of the time you know if you're an owner or part owner of a small non publicly traded business it's usually their share so anyway I'm kind of struggling with the distinction between paper and a business asset classification so appreciate your help on that. Thanks.
Buck: So Chris I thinkx first of all let's back up and just say you know the reality is that these are you know these are just definitions right and there's a gray area between them and we can use them to guide us a little bit as we appropriate things into the right quote-unquote basket but you know we shouldn't get hung up on them too much but let's go back and review the definitions right so what are what are paper assets. So well let's talk about what real assets are so real assets are physical assets right and the thing that they are known for is that they have intrinsic worth due to their substance and property so precious metals commodities real estate land equipment natural resources these all have some kind of intrinsic value to them whereas paper assets would be assets where ownership’s defined only by paper like as you mentioned stocks and currencies and bonds and things like that. The reality is that in in some cases like you're talking about the definitions might not be as useful it might be a better idea to simply ask yourself in a sort of a common-sense way well what is it that I actually own? You know if you own businesses that are not asset heavy lots of you know and what I mean by assets heavy is like you know lots of machinery, stuff that you could liquidate, it's probably fair to put it in the you know the paper side of things. On the other hand if you have a business that as a significant balance sheet of stuff that could be liquidated you might actually put it in you know the real asset bucket. But I will tell you in knowing yours what you're talking about you invest in a lot of startups I would say that I personally would probably never consider an investment limited partner investment in a start-up as a real asset I mean I think the bottom line is that most of those businesses are not going to have a significant amount of equity or collateral to back your debt so there's not a lot to liquidate there's not a lot of intrinsic value in those businesses other than their ability to produce income. So that's where I would put that. Now what gives real estate and precious metals let's go back to that real status well it's ultimately again their inherent value. that it can't really be erased the way a stock price can go to zero. Or frankly if you talk about businesses what happens if the business that you're invested in Chris what if that goes to zero right? If there's no profit if there's no nothing to distribute etc it's not worth anything anymore right so that that to me is probably the biggest thing to distinguish. Although I should bring up I keep thinking about this as we're talking that you know I was listening to the Peter Schiff they still like to listen to I think he's a smart guy just you know he's a little stubborn and he's always thinking the this guy is falling which I don't I don't agree with him but you know he's on this big rampage against Bitcoin and he's been debating all these people about gold versus Bitcoin which I actually think it's kind of a silly debate because I think the gold and Bitcoin people should sort of you know be on the same side but I think you know it might be in part because Peter sells gold and it's a good opportunity to get in front of people, but one of his arguments about gold is that the reason that it has value is that it has intrinsic properties and those intrinsic properties are that it can be used you know to melt down and make stuff and I think there's true but the problem with this argument there in my opinion is that seriously for those of you who are out there like owning gold have you've owned a few ounces of gold and you store it somewhere are you seriously owning it because you know because you might be able to use it sometime or because somebody might be able to use it or are you using it because somebody thinks it has a value? I would argue that the reason you own it in most cases unless you're like a big jewelry buff or whatever is because somebody because you or you want somebody else to you know at some point pay you more for that then what you bought it for so in that respect it's not a whole lot different from like Bitcoin right like you know people the value of gold it has to do with the fact that it also has a monetary value it's really seen that way if you took that out of it and all of it was just a matter of it being jewelry it would not be worth as much as it is but anyway that's my take on that a little unrelated but I thought I would throw in that commentary. Next question let's see is from Ramin Rafie here we go.
Ramin Rafie: Hi Buck. I'm a physician general practitioner. I've been out of residency for about decade now. I have been an employed physician working for a larger corporation making house calls and a hospice director for their large healthcare organization which actually has recently been bought by an insurance company, that's a whole nother story. I actually went to medical school in California. And I've always wondered if it's feasible for me to open up my own kind of practice I don't know enough about the tax structures reimbursement etc, etc. I understand insurances are a big problem and you have to hire a lot of staff that's a waste of resources to strike to insurances but I was debating if solo practitioner doable perhaps direct primary care and if so is one better off just doing a cash face back to this and the legal structure of either having an LLC or an S corp or C Corp I don't know if you can operate on that that's gonna be I guess I need to talk to it accounts it's about that I figured I'd ask you and you might know you might not but I enjoy listening to your podcast it's amazing how many physicians up there are in the same boat. Thanks great time.
Buck: Alright so we do have a lot of physician listeners non-physicians to probably about in case you're wondering it's probably about but not just physicians but health care people right so you know physicians dentists and you know you know high doctors and you know all sorts of stuff, chiropractors and that's probably because well I've had a healthcare background myself on doing a few different kinds of surgery and stuff like that but thanks for the question. I'm gonna try to I mean there's a lot there and I think honestly the truth of the matter is I'm not necessarily an expert on all of these issues but you know some of the things I can answer I think will be relative relatively useful to anybody who's thinking about going on their own. First of all I'd say that if you're starting your own thing you know it an LLC is generally going to always be the best structure for a small business for maximum flexibility you can take, if for some reason you want to be taxed as a c-corp you could where you do an S selection so that's pretty easy. The answer your question of you know can you do it the answer is absolutely yes. There are solo practitioners out there now and you can do it and you could probably do it better and that's always generally been my philosophy when starting businesses usually I don't start businesses I'm you know I don't start businesses that have not in some way shape or form shown that they can be a success, I usually rip off somebody's idea and then pivot a little bit add a little bit something and executed and so I think to the extent that there are plenty of sole practitioners out there in California still I think it absolutely can be done. You know so your question about cash versus insurance based medicine just keeping it brief I'll tell you that it's not really an expertise of mine but by but what I can tell you is that coming out of the door with any business if it's just a cash business you're gonna have to advertise like crazy and you're gonna have to run it like a business which not everybody is ready for so the nice thing for physicians and dentists sometimes is that you know if you do take third party payers like you know these insurance companies they drive patients to your door so especially in the area of primary care there's a shortage so I don't think you'd have any trouble if you took insurance getting filled up really quickly and succeeding. Now as far as advice on how to move forward in general first you know again in this applies anybody who's starting a business and anything in my opinion, first of all finding somebody who's doing what you you know you want to do in another market and kind of copy them if you can reach out to them even better if they're not in a competing market but find in you’re case find a you know solo practitioner market that's similar to what you're trying to do and is showing a success and you know see if they're willing to spend some time with you I would offer to pay them because everybody's helpful until it's like damn I'm busy and this guy wants me to help him. But I think if you say hey now you get a successful thing there I'm looking for some help and you know looking for some consulting from a successful practice it might be useful. Another option of course is to go straight to a consultant and again this applies to every business in my opinion. Of course there's a lot of you know consultants out there. I had one for my first practice ultimately it was a cosmetic surgery business and again I ran this thing not like a medical thing, I didn't take any third-party insurance and stuff but I marketed like crazy I knew nothing about running a business or marketing when I started this the business I set out to start ended up looking nothing like the one I ended up with. What I ended up with was a lot better because I learned a lot on the job. But a lot of the back end things whether it's medical whether it's you know any kind of business or the same right I mean you've got to figure out how do you pay bills how do you set up all the systems accounting payroll and that for me where the consulting was like a really useful thing and I'm you know at the time I think I must have paid like twenty five thirty thousand dollars for and it seemed really expensive but I can tell you in any start-up situation you are much better off spending some money up front with someone holding your hand getting you started quickly and you know I have been you know. I literally have friends I have a couple of friends who've been trying to start up their own practices from multiple years now they could have been up and running in like three months if they just had paid somebody to get it done. So don't be that person you know anyway that's a message for everyone really if you have a problem, now remember this if you have a problem that you can write a check to someone to fix, you don't have a problem right? So that's the way you deal with this stuff don't spend all your time trying to deal with stupid little problems think of yourself as a you know is a thoroughbred right I mean you save yourself for you know high-value tasks. If you mess around and try to do everything yourself you're gonna end up worse I pretty much guarantee it, that goes for anyone starting any kind of business for the first time. So finally I would just say that I don't know a single I don't know a single health care provider in particular I know there's a lot of you out there with your own practice that once you have your own thing would ever go back to working for someone else or who'd ever want to go back for working for someone else, I know some of you have done it after you've sold your practice which is different you sitting on a huge chunk of cash but if you have any sort of entrepreneurial spirit and like the idea of not having limits on the upper end I would highly encourage it. All right so hopefully that's helpful and you know it's broadly I think it's broadly applicable to a lot of people who have ever contemplated any kind of entrepreneurial activities. So let's see the last one that's an actual voice one so let's do that from Ravi.
Ravi Ghanta: Hi buck this is Ravi Ghanta I just wanted to say thank you for all of your hard work and for providing such valuable information to this community. As part of the investor I've gained so much knowledge from you as well as from your guests on your podcast. Unfortunately I have not been able to attend the Meetup and I won't be able to go to the next meetup in Dallas in September, however I was wondering if you would consider creating a directory of some sort where those who are willing to provide their name their mailing address email address or even phone number to create a community where we can interact with each other you know perhaps by having this information we can even meet up with each other in different places informally, we can also discuss things you know we may all many of us are in the medical field and other specialties or other aspects of business and crafts developing contacts in that way just a thought. But once again thank you for your insightful information and I look forward to continuing to work with you. Thank you.
Buck: All right thanks Ravi. Ravi again is a member of the investor group now I don't think Ravi's part of Wealth Formula Network and that could be part of the confusion or not confusion but part of the question you answer the question which is, is there community that you could join or have you know or have some additional contact. The first thing I'm going to tell you there is that's really what Wealth Formula Network was really all about. So Wealth Formula Network is the online private community we have you know a very strong community there are a lot of people who are really just interested in connecting with one another it is of course that started out with the course and the course was with you know with Tom Wheelwright, Ken McElroy real estate guys bunch of guys I know sort of us gives you the bases gives you the foundation for things that we talk about and then we have these bi-weekly phone calls these bi-weekly phone calls are very useful they're not just phone calls they're zoom phone calls zoom video so we can see each other it's very personal and we have very in-depth conversation, people who are on in well formula Network often create relationships off line off community and that's certainly an option for you. In terms of online communities I would say that I probably wouldn't do anything else and the reason being that anytime you preside over an online community you kind of have to keep an eye on it and I I have well formula Network and that's really all I really want to focus in on I don't really want to you know monitor other sites. As far as you know people putting their information out and stuff I don't necessarily have a problem with that the thing that I worry about is if it's anywhere that people can access, I worry about your privacy because you know we have an extremely robust audience here including you know an accredited investor list of over a thousand people and if there's some like you know advisors registered advisors or you know people who are trying to get to those people they will spam you like crazy if they ever got a hold of that. But Ravi let me think about it because there could be a way to do you know to what you're talking about to a certain extent you know we certainly like I said we certainly already do this kind of thing and within Wealth Formula Network if that's of interest you check it out WealthFormulaRoadmap.com I think you'd probably really enjoy that if you enjoy the show. So all right I don't have any more video I don't have any recorded questions I have a couple of written ones I'm going to get to those the first one says is from Robert McLeod. He says I've been listening your podcast for the last couple years now I know you're a huge proponent of investing in real estate assets especially multifamily but I can't remember you've ever discussed mobile homes. I was wondering if you've looked into investing in or thought of mobile home park space. Thanks for the informative podcast. So it's a sensitive thing because I know there's a lot of people were interested in that people listen to this and friends of mine who are involved in this but you ask I'll answer. To be honest I'm not a big fan of that space right now here's why the cap rates on these things are approaching multifamily real estate right multifamily can always be improved significantly and attract higher level tenants and then areas get gentrified, they get improved I mean there's some improvement ability in mobile home parks right but it's really capped I mean think about it at some point you don't want to live in a damn mobile home anymore right. so here's a good example of you know how multifamily doesn't really have on that cap Chicago Lincoln Park is one of the like fanciest parts of Chicago's really expensive jam-packed full of mansions and stuff now, but there's also a bunch of apartment buildings that are over a hundred years old and you know forty years ago Lincoln Park was an absolute dump and it was dangerous and no one wanted to live there and then it got gentrified and all these places that were probably low income housing are now these incredibly luxurious apartments have been upgraded like crazy and now they are you know now they're multi-million dollar asset selling at ridiculous cap rates. Now tell me how do you do that with a mobile home community? You can't right. So at some point if people are doing well they want to move out of a mobile home park so you can't keep raising rents and expect people to live there so that's one reason so now so if you're capped on an appreciation of rents it's gonna cap your equity upside so now the syndicators out there that I'm seeing especially on the limited partners side are giving returns that frankly are inferior to what we're getting in multifamily an investor club by a longshot I know some of you like this area but I don't and I sure as hell would never invest in a limited partnership like this for returns that are less than double-digit again that's just me though. So finally let me just say this, my philosophy right now in general, buy quality assets don't buy crap okay. I see people posting stuff on Facebook about single family you know Class C Class D homes they bought we're supposed to cash flow like crazy and they you know all they have is problems now you know the idea is that these things might look good on numbers but when you add in the capex and paying for damages and you tenants I mean you may not cash flow at all people are losing money on this stuff left and right so there's a reason why these numbers look so good on paper because they're not good investments and people are trying to sell you them so bottom line is I'm not saying that mobile home parks are you know bad for everyone. I'm just saying that I personally look at the alternative and the alternatives from me are better. I prefer to focus on high quality assets and markets that are growing quickly right. I mean to me I mean it may be boring and repetitive what I do but I can tell you from personal experience it works and I think chasing yield in the idea of going to lower quality assets are going to tertiary markets is a very very bad idea because those are the markets those are the areas in my view that are going to suffer the most if and when there's a significant recessionary activity or market turnaround so hopefully that answers that. Next question Mark Dvorak. Hello can you talk about on your podcast about real estate professional? I feel like it's the ultimate green card to play in real estate as passive losses are you limited? Everyone only talks about this powerful designation briefly. Like the 750 hour rule, can two people count towards those? What are the max deductions and then he says for LP is what are the max deductions one can get without being a real estate professional, a show detailing all these options. Well let me just be brief about this, the reason people are briefed about it is because for the most part there the definition of real estate professional is this ok 750 hours of documented actual work in real estate like not just being a limited partner but you know looking for real estate acquiring you know talking to people whatever you got to have that 750 hours per year and it can't be two people no it has to be one person and you can't have anything that you're doing more of so it's not I've heard some people say they're gonna try to do it with a full-time job I just don't recommend it I think the IRS is gonna not take you seriously in that situation but you know you could try. In that situation of course the losses there's no cap to your losses. The beauty of it is what what you're talking about is say you have a spouse who has a W2 income that's active income but as you as a professional real estate professional all of the passive losses that you generate through depreciation where most people who are not real estate investors can only offset those against passive investments, you can offset that against active active income because your losses as a real estate professional your what would be passive loss has become activated. So if you've got $100,000 loss from real estate depreciation you could offset you know your hundred thousand dollars of your Weiss active income because you're filing jointly right. So that's that's the Holy Grail you're right I think it's a big deal and so but that's really all there is to it. I mean you have to find a CPA who can guide you on this you know I would recommend you know for somebody from WealthAbility and pretty much anybody there's gonna tell you all the right rules but really the issue with the that is you got to find a CPA who's going to tell you how to do it and then stand by you in in the event of an audit. An audit not it's not a bad you know it's not the end of the world it happens anybody's making money you gotta have somebody who is actually you know going to defend that successfully. So anyway that's it in terms of the caps about you know being a limited partner and what are some of the maximum deductions you can get without being a real estate professional the honest truth is that I don't I don't know that there's any really maximum deductions for real estate I mean listen if you have a hundred thousand dollars or two hundred thousand or a million dollars of passive income and you have those losses you have passive losses out of the same amount you could deduct it all so there's no cap at all. I mean the only thing I think there's a cap on I think charitable giving is about fifty percent you know charitable giving fifty percent but you know and then and then there's all your typical things that I don't you know I don't really get into about you know the basic accounting deductions and things like that for other things but I'll tell you from the standpoint of real estate there really is no cap on deductions, it's just you know it's what you have whatever if you're in the passive column as is a non real estate professional you could deduct all that and then the active side you could deduct all of your depreciation against all of your income. So that's pretty straightforward. Okay last question and it's from Betty and she said Buck I heard you talking about a bad drug reaction you had a Minneapolis. What was the drug that gave you the bad reaction yeah so let me let me tell you about that I am those last show I talked about that was my near-death experience thing where I thought I was gonna die, listen to this show you'll get the whole story but bottom line is as it turned out it was a CBD tincture. And I took some CBD for my back in in Santa Barbara and it worked really well for me and then I don't know what was in this bottle that I bought but it just gave me some sort of crazy out-of-body experience and I'm it wasn't like being stoned okay I I've been to college I know what that feels like was something was very wrong, anyway it was the CBD it's a long story. Bottom line is if you are interested in that story and how what I came about listened to show where I talk about this in the last show I think it's probably last week according where this is and you will you'll hear about that. By the way, I'll say that you know riffing off that last show I'm looking again those vintage cars to things that mattered the most of lessons that I had there were to make sure to take care of your family so look at Wealth Formula Banking make sure you you know get into that and and and try to you know align your investments with legacy to a certain extent that's one of my takeaways the other one was to try to have a little bit of fun here and and don't always push it away into delayed gratification. Okay that's it for the questions today and we will be right back.
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