The Blockchain Explained, For Five-Year-Olds by Dr Vin ...

Explain bitcoin to a 5 year old

Wikipedia says
“Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency — the system works without a central bank or single administrator.”
I’m sorry Wikipedia but you lost me.
Instead, picture this…
Imagine a giant wall of letter boxes, each with a glass door. A crowd of people stand watching the letter boxes. Inside some of the boxes are coins. The crowd can see how many coins are in each box.
The crowd watches as a person steps forward with a key, opens a box, takes a coin, and deposits into the slot of another box. A clerk in the corner of the room writes this transaction into a ledger book. “Coin moved from box 4 to box 10.”
Time passes and more people step forward with keys, open individual boxes, and move coins to another. All the while the clerk in the corner is busy keeping track.
When approximately 10 minutes pass, the clerk closes his book and invites anyone in the room to solve a puzzle. A few people with huge calculators step forward. The first to solve the puzzle gets the honour to place the completed book on the shelf of official records. Good job buddy! The clerk rewards the winner with some newly minted coins.
This 10 minute cycle of record keeping continues so long as there are people in the room watching the boxes.
*The glass boxes are wallet addresses. Contents visible to all.
*The key is your wallet password. Keep it safe.
*The crowd is anyone running the bitcoin client software.
*The smart guys with big calculators are the miners.
*With a big enough calculator, anyone can try to mine.
*A book for every 10 minutes is a “block”.
*The shelf of books is the “blockchain”. All transactions ever, safely stored for anyone to read.
Why is a crowd of people watching a bunch of glass boxes important?
Before Bitcoin, a security guard would watch the boxes. Think of your bank, VISA or PayPal.
What if the guard caught a virus and got ill? What if the guard took a nap during some downtime? These mistakes happen when there is a single point of failure, like bank account details on a database.
Before Bitcoin, the keys were held on the guards belt. We trust the guard, of course, but must answer a number of personal security questions to gain access to our key.
Are we comfortable with the guard knowing so much? What if the guard lost the key? What if someone figured out the secret answer to our key? What if the guard sold our personal information? Not all guards are good.
With Bitcoin the whole world is watching the boxes all of the time. No one can lie, cheat or spend a coin in two recipient boxes at once. You hold the key to your box.
Remember always, with Bitcoin there’s no guard. If someone pickpockets your key, there is no one to turn to for help.
Thanks for reading. Thanks for sharing. Your comments are most appreciated.
[email protected]
submitted by coinagogo to Bitcoin [link] [comments]

Why Bitcoin is so important? explain to me like I'm a 5 years old

I have moderate amount of knowledge about bitcoin and other altcoins but there's some parts I can't put together please help me
so in theory this Bitcoin is a computer program , you log into in and stay in program according your computer's power and your time in program you start to get less and less Bitcoin and it's all connected to a kinda mainstream which controls the bitcoin outcome so we have control on outcome and do not release excessive amount of meta..
It's all good for now.
aaaaand we think it's precious because it's not common around the world and we give it a value etc.
also There's a huge campaign/Lobby that supports Bitcoin which to give it some value to show like it is precious thing(claim it's precious until it is actually precious)
That's all cool..
You would argue big corporates and companies supporting it like yahoo or other travel pages but it looks like they look like they in it just in case, you know to get a piece of it..
Yeah it's fast, you send money to anywhere like snap and than you can transfer it to bank to cash..
What else advantage Bitcoin has I can't see
why they think greece should change it's national money to Bitcoin, country in debt and thing what will change if they change to it. they ll become rich and debtless in one night?
what can an invester do? except buying some bitcoin and keeping on the side aand praying to bitcoin get a higher value (and making lobby LOL)
Explain it to me why it's currency of future or is it another thing to make some people rich
Give me some information some make me wiser
(I did not open this thread to bitcoinbeginners because it's not as active as Bitcoin)
submitted by wanderersushi to Bitcoin [link] [comments]

Explain bitcoin to a 5 year old /r/Bitcoin

Explain bitcoin to a 5 year old /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

For all the people selling their BTC and investing in DeFi...

I just want to say what an enormous risk you are taking.
It's almost fall 2020, BTC is almost 12 years old, and institutional investors are only beginning to dip their toes into BTC. And just their little toes.
The last 4 years have seen significant financial infrastructure built around BTC such as Bakkt, CME futures and other futures markets, plus institutional funds with firms such as fidelity investments, and even after all that, investors from traditional finance are only beginning to think about the possibility of allocating a small % of capitol into BTC.
Do you seriously think these massive traditional finance players who are worth billions .... care about DeFi?
DeFi is so off the radar of these people, most have probably never hear of it, and if you explained it to them they'd probably laugh and say "sounds like a nice toy".
If you're in the crypto bubble, and are listening to the rantings of V. Buterin, and other blue-checkmark figure heads from the space, it's easy to get sucked in by the propaganda and really believe that DeFi will change the world - and it might - but don't hold your breath. The fact is DeFi is built on a blockchain (Ethereum) which has an enormous mountain to climb in terms of scaling beyond 15 TPS, and the entire DeFi space is built on this blockchain. The Ethereum blockchain size is ballooning out of control and soon will be out of the reach of the average hobbyist.
BTC on the other hand is built with incredible care and precision and nothing is rushed. Its blockchain and codebase are rock solid because the bitcoin ethos is quite the opposite of Ethereum's: Move slow and mend things. It's this attitude that has won BTC the attention of institutional investors and is the reason why they are beginning to consider looking at it as part of their portfolios.
I may be wrong, but I think Ethereum is a long way off being seen as anything but a toy by these big institutional players - especially for all the promises it makes - such as being the "world computer", when it's clearly not.
Buzzwords are great, but high net-worth investors who know what the fuck they're doing do not invest in buzzwords. They perform rigorous analyses of the performance of the asset, the underlying algorithms, monetary policy, people, developers, and scour the entire ecosystem for any signs of inconsistencies or weaknesses. They do not invest in complex things that they do not understand.
So the BTC price has taken a bit of a tumble in the last day - I urge you to stand firm and do not sell your precious BTC because you heard some random YouTuber say that DeFi is the future.
If you see this dip in price as anything other than an opportunity to accumulate more bitcoin, then you are on the wrong side of history.
submitted by odonnellnoel to Bitcoin [link] [comments]

The 7th floor, mastering yourself and riding the higher energies

Previous post.
- So what you in for, brother?
- Eternity.
- Ooooh. That's a really long time. Must've did some really bad shit.
- Yeah. I sold my soul.
- Hope you got something good for it.
- As a matter of fact I got nothing for it.
- Well that's a really bad deal if you ask me.
- Well I'm not asking you.
- Doesn't really matter though. Can't sell your soul anyway.
- Oh really? Why do you say that?
- Cause it doesn't really belong to you in the first place. No way no how.
- So who does it belong to?
- It belongs to God. That universal spirit that animates and binds all things in existence.
Hmph. Devil gonna try to confuse you, but that's her game. But in the end you gonna see clear who and what you are and what you're here to do. Now, you gon' make some mistakes along the way, everybody does. If you just open up your heart and open up your mind heh...you'll get it.
- Who are you?
- Just a friend brother. Just a really good friend.
Scene from the movie Bedazzled
There's a lot of spiritual things on this sub and spiritual and mystic knowledge interwoven with science. At the highest levels, it's just knowledge, knowledge much of humanity is not ready for. At the highest levels real science and real spirituality need no conflict whatsoever. But, the ancients lived in a very different world and the focus was on faith and opening of the heart. Many words and ideas did not exist, many yogis had insights into phenomenal things but then had to explain in words that are just... not enough. Stories and allegories and creatures both real and made up. Still they were very clever and created incredible ways of transferring the knowledge, keeping it and so on.
Who here can without googling and beyond a shadow of a doubt explain how the cellphone works? You kind of know but you don't really know it. Some people do, schematics exist, there's these towers that beam around energies, idk man, all I know is I neeeed 7G so I can download holograms by my mind OK? Leave me alone! (lol)
If you tried to explain it to people from 200 years ago they would absolutely know - not think - that you're crazy, possibly even dangerous. People can talk across the oceans and the mountains with some squarish device? Instantly send photos? Oh sure! And I'm guessing they can even fly around while eating tasty foods and looking down at the Earth? You need your dome checked.
But anyway, as you start to master your sexual energies by first not being a complete out of control degenerate staring at all the titties and assess and eating way too much food and garbage food etc, you're now starting to totally change your power levels, your blood purity and state etc. This is all explained here brilliantly by some great people. And the knowledge is out there in many ways, check out my previous posts to find books as well to download.
So, what of the higher energies? Once you've mastered yourself to a degree on the lower levels you will start to naturally move into those realms. You are anyway attracting and creating things, even in your worst state. In your optimal state, things move faster and better, but also all the previous work now come to shine and if you haven't done it you will create havoc.
The movie Bruce Almighty brilliantly and in a comical way deals with this.
Though the movie is on one level a simple comedy, anyone well versed in the ancient lore, gnostic knowledge and his own experiences will clearly see the many deeper messages.
Bruce Nolan is a television field reporter for Eyewitness News on WKBW-TV in Buffalo, New York, but desires to be the news anchorman. When Bruce is passed over for promotion by his rival, Evan Baxter, he becomes furious, his actions leading to his dismissal from the station, followed by a series of misfortunes. Bruce complains to God that "He's the one that should be fired".
Bruce receives a message on his pager, which takes him to an empty warehouse where he meets God.
In the empty room at the floor level, he sees this sign.
https://preview.redd.it/ey07b2fapno51.png?width=684&format=png&auto=webp&s=878c28a8463a2395fb27a4d171133c800ff6d202
There doesn't seem to be anything else in the room except the sign "stairway" and a guy moping the floor. The guy is God himself, portrayed as Morgan Freeman.
https://preview.redd.it/qc8svcj2qno51.png?width=723&format=png&auto=webp&s=06b57c8e0c052df21471128b3767083989149707
An interesting conversation plays out:
- You’re looking for room 7.
- Yeah, I figured.
- Want me to even those up for you? (Bruce's pants)
- How do I get to room 7?
- That’d be on the 7 th floor.
(this is obviously obvious, but that's why it's emphasised. The main character wants to get to the 7th floor - have control and success in his life - but keeps avoiding the obvious - the climb up there)
- The stairs are right over there.
- I’d rather take the elevator. (a shortcut, like all the other shortcuts in his life)
- Out of order.
- Love the stairs though, they were my second choice.
- You mind giving me a hand with this floor?
(God asks him for help cleaning up the floor but Bruce of course is "busy". He postpones it and God says - I'll hold you to it)
- What? That’s good. Are you serious? Oh, I… I’m kinda busy. Amm… Raincheck?
- I’ll hold you to it.
(....)
- I’m trying to fix a light.
- Tell me if it’s working.
- Yeah. Seems to be. Kinda bright though.
- Yeah. It is to most people who spend their lives in the dark trying to hide from me.
- Oh, the elevator’s broken, huh?
- Yeah, but… I’ll get around to it.
https://preview.redd.it/pp5nkzmwrno51.png?width=608&format=png&auto=webp&s=b54136584c5b72945a697f0179129dbb4e3dfcee
On the 7th floor there's only a ladder leading up to an opening - the 8th floor above the 7th chakra from which God, still dressed as the janitor, comes down. The light is stunning, super-powerful.
God then reveals to Bruce that he knows everything, and by that he means literally everything - every thought he ever had, every lie, truth, bluff, etc. It's symbolically all in a file cabinet. The last file is a taunt to God given by Bruce. Now, God gives Bruce the joystick of his life - the shortcut that he's been looking for. He gives him utter and direct power over reality itself, except other people's free will. As everyone carries in him a spark of that One, they have freedom of choice - that's the rules of the game.
He also can't just tell anyone he has these powers.
Bruce is initially jubilant with the powers, using them for personal gain, such as by getting his job back, and impressing his girlfriend, Grace Connelly. Bruce finds ways of using his powers around Buffalo to cause miraculous events to occur at otherwise mundane events that he covers, such as discovering Jimmy Hoffa's body or causing a meteor to harmlessly land near a cook-off, earning him the name "Mr. Exclusive". Bruce then causes Evan to embarrass himself on-air, causing Evan to be fired in favor of Bruce as the new anchor. During this, Bruce continues to hear voices in his head. He later re-encounters God, who explains the voices are prayers, meant for God, that Bruce must deal with. Bruce creates a computerized email-like system to receive the prayers and respond but finds that the influx is far too many for him to handle —even though God has stated that Bruce is only receiving prayers from the Buffalo area— and sets the program to answer every prayer Yes automatically.
Bruce attends a party celebrating his promotion. When Grace arrives, she finds Bruce kissing his co-anchor, Susan Ortega, after she forcefully comes on to him, and quickly leaves. Bruce follows her, trying to use his powers to convince her to stay but cannot influence her free will. As Bruce looks around, he realizes that Buffalo has fallen into chaos due to his actions: parts of the city believe the Apocalypse is nearly upon Earth due to the meteor strikes, while a large number of people, all having prayed to win the multi-million dollar lottery and finding they all won reducing their prize to a few dollars, have started rioting in the streets. Bruce returns to God, who explains that He cannot solve all the problems and Bruce must figure out a way himself. Bruce returns to his computer system at his home and goes about answering prayers as best he can. As Bruce reads through them, he finds a prayer from Grace, wishing for his success and well-being. As Bruce reads it, another prayer from Grace arrives, this one wishing not to be in love with him anymore.
Bruce is stunned and walks alone on a highway, asking God to take back his powers and letting his fate be in his hands. Bruce is suddenly hit by a truck and regains his consciousness in a white void. God appears, and He asks Bruce what he really wants; Bruce admits that he only wants to make sure Grace finds a man that would make her happy. God agrees, and Bruce finds himself in the hospital, where doctors help him recover. Grace arrives, in which she and Bruce finally rekindle their relationship and later become engaged. Following his recovery, Bruce returns the anchor position to Evan and goes back to his field reporting, but decides to take more pleasure in the simple stories.
We see that Bruce is overwhelmed and both his inner and outer reality start to totally collapse and cause pain. He has taken a massive shortcut to too much power and responsibility that he can't even handle when it comes to one city, much less the world. His failure is even bigger considering he literally has God powers and still fails - that's double the failure.
Interestingly, the actor Jim Carrey claimed famously on the Oprah show he used the Law Of Attraction himself.
On higher energies and higher positions, you also have higher challenges and responsibilities. People look up to you. Just because your eyes sparkle and you can now strangely influence people, what are you doing and where will it lead? The higher you go, people also expect you to be some kind of Christ like figure, with no mistakes and blemish, which is even harder. Martin Luther for example was a sure retainer, in the sense that he didn't fap, but he cheated on his wife. He was a great leader, he inspired millions and changed history - but he was human.
Malcolm X famously said that in prison he "lost his sight (he started wearing glasses from reading too much) but he gained his vision!"
Gandhi did his crazy niece experiment and of course did some mistakes (now mind you, weaker and lower people will not only judge you, they will even judge from the future, living in a totally different time).
Connor Mcgregor is very probably a retainer in the sense he understands the benefits but he also leads a violent life and drinks etc, so he's riding these high energies and often corrupting them. That is why his life is in turmoil and has ups and downs: he's accused of rape over and over, he donates 10000$ to a dying kid, he punches and old man for disagreeing with him, he builds a shelter for homeless, he embarrasses himself in a fight etc. etc.
"You cannot drink the cup of the Lord and the cup of demons too;
you cannot have a part in both the Lord's table and the table of demons."
Corinthians 10:21
The yogis have a brilliant story as well, thousands of years old, of a man waking up in heaven (astral reality where things immediately happen) and he turns it into hell because his mind is untrained.
I hope at least the knowledge of semen retention and self mastery will truly spread and start being applied more and more in the world.
Next post.
submitted by RebornInLife to Semenretention [link] [comments]

What I see when I see a student with ADHD

I have ADHD.
I was diagnosed at age 12. What happened is I got to middle school, and my life fell apart. It came on like a typhoon. Things seemed alright as I started, but I still remember that October when my family went to sixth-grade check-in.
My twin sister went first. The meeting lasted about four minutes. She and my parents left with smiles all around and talk of getting In N Out on the way home. Then it was my turn.
Every teacher I had stood in a circle. They seemed...different. One by one, they went around and told me that I was shit. Some were nicer than others, but everyone had the same message to convey:
Doesn't complete his homework all the way
Distracts others trying to learn
Unable to follow along in class
Not sure if he can keep up
I then heard my grades: C-, D+, C+, A in PE, C, and an F in Social Studies.
I don't remember being ashamed or embarrassed or anything. I remember being confused. I had gone to school every day and tried hard and thought I was doing what the teacher asked. Nope. Guess I wasn't.
Nobody had much advice for me. They just wanted me to know that I sucked. And that my parents should understand so. I don't know if my parents freaked out or punished me or what. But they weren't happy.
The last to go was my social studies teacher, Sven.
He asked me if I knew how to read.
I politely nodded my head.
But he wasn't sure. He talked about all the symptoms he had seen from me. To counter, I pulled a grad-level book on the Cold War off a shelf and read a page aloud while trying not to cry. People were even more confused.
Some estimate that a child with ADHD will receive 20,000 more negative comments before the age of 12 than a non-ADHD child will. I can't speak to that exactly, but I can say that this was not the only time I've had a room full of people upset with me for reasons I never saw coming. It doesn't get much easier.
Sven caught up to us as we walked to the car. He was cagey with his reasoning, but he told us that there might be something up with my brain. He recommended I get tested by a psychiatrist and see what she had to say. I've since come to my conclusions where he got such an idea.
The testing was fun. I've always liked tests. Didn't mention it, but they also thought I couldn't read in 2nd grade. Lol. That one went away after I took a standardized exam and scored in the 99th percentile of the nation in reading. I thought standardized tests were fun, you see.
I moved a bunch of colored balls into colored holes and tried to remember what color things were after 10 minutes and everything else you might expect. I didn't know what I was even doing, but I felt I could hang.
Three weeks later, I got my results. The only part I remember is that my psychiatrist noted that in her entire career, she had never met someone who scored higher on specific tasks and yet lower on others. My chart looked like OJ Simpson’s polygraph.
I could keep going, and in another article, I will. But this is how I got diagnosed. And the key to all of it was Sven. Everything makes perfect sense after the fact, but only when you realize that a single teacher served as the link that completes the narrative. I do not know where I am today without him.
I got lucky that this story takes place in 2003, and at a private school with teachers who genuinely cared about me. For reasons a lawyer in the comments needs to help me understand better, public school teachers seem loath to alert students of disabilities of any kind. This includes ADHD but also things like autism, dyslexia, and mood disorders. Things that seem apparent to me in a way that makes it seem impossible that no other teacher in the past 13 years hasn’t also picked up on them.
That means many students go through primary schooling while having no idea they have a problem at all. When I mention to a student they might have ADHD, they are first confused, but then some memories come back. The first is that someone, usually a sports or music coach, had once told them the same thing. The other is that they remember a lot of teachers saying weird stuff they didn't understand at the time. Stuff like, "You’re so talented. I just wish you could be better focused. Have you talked to anyone about why you could be having trouble?" To me, those sound like hints from a teacher who has been told by her bosses not to put the school at risk.
I am not a teacher. I'm a private consultant and can pretty much say whatever I want. I am also not a doctor - people would die - but I am a concerned adult who has taken courses in spotting learning disabilities. I'm also someone who will do absolutely anything to make sure his students have the best chance for success now and in the future. I'm also someone who asked both my ADHD-psychiatrist (hi!) and ADHD-therapist (hi!!!!!) if I had the right to tell students if I suspected something; they both went, Ya, dude. Totally.
So I try to be Sven. I try to pay attention to what my students do and say and provide feedback that can help them. I'd like to note what that feedback is here to make sure people don't miss it because my pieces go on for way too long.
If you are a high school student who suspects he or she has ADHD, your best course of action is to talk with your parents and look into being tested by a professional psychiatrist who specializes in the topic. These tests are expensive, and mental health insurance in America sucks balls. But this is the fastest, most straightforward route to getting the help you need.
Option two is to try and work with/through your public high school to get them to pay for it. This site has some good info. My guess is that this method will suck. Public schools don't have a lot of funding and will not want to spend it on you. That's not your problem. You will almost certainly need your parents to back you up on this one and sit through a lot of boring meetings. I assume a lot of people will tell you a lot of reasons why they can't help you. Your response every time should be some version of, "Sure. But I need help with this. And I'm not going to stop until I get the support I need. So what do I do from here?" Then you blankly stare at them and refuse to leave until they get you at least to the next step. I'm not sure how well this will work. If you do attempt or have attempted this method, please DM me or contact my Email with your experience. I want to know if this is even worth my student's time.
If you can not afford traditional testing or do not feel your parents would support such testing, your best option is to wait until the day you turn 18 and then register for a telehealth company specializing in ADHD. The one I use and recommend is HelloAhead.com. They're neat. They do not take traditional insurance, but their rates are much lower than most doctors. They are cheap enough that I feel an average 18-year old who wants help could find a way to afford it on his or her own. The downside with these sites is the waiting times can be long. Took me like five months. Other such sites are popping up, and while I can't vouch for them, they all seem to offer a similar service.
Those paragraphs are what I want every student here to know. I'm much more comfortable having a trained doctor tell you what the deal is than I am trying to do it myself.
But I have to see something if I want to be Sven. The question then is, how do I see it? For spotting ADHD, it's shockingly simple. And I'll get to the real reason at the end. But for now, here is what I see when I see a student with ADHD.
The best way I can describe their lives is "endless chaos"
The chaos isn't always bad! Rarely it's fun chaos, but often it's just chaos chaos. This chaos exists in both physical and mental forms.
Physical: Their shit is such a mess. Everything. Most of the work we do is digital, so I see the Google Doc version of their mind. Folders make no sense. Things are labeled inaccurately or not at all. Schools get combined, or separated, or forgotten altogether. It is not a single type of error, but instead a collection of small mistakes and poor decisions that make the work impossible to corral. I have some kids that are messy or lazy, but this is different. It's like if the original folder system I built for them was an amoeba in a petri dish. Leave that dish out for a weekend and come back. The patterns will be remarkably similar to the organizational gore that they then try to utilize.
Mental: There's always a story. "I was late because my car has a flat tire, and the guy was late, so I had to take an Uber." "I didn't know my music essays were due a month early because the form only mentioned there being a recital." "My friend is mad at me, but it's only because she didn't tell me we were the first group presenting, so I spent more time preparing our project".
These stories make sense at first. But after a few weeks, they start to pile up. Then I become the one hearing a story about why they didn't do what I wanted, and I stop being so forgiving.
ADHD is a neurological disorder. Not a mental illness. It's closer to diabetes than it is bi-polar. "ADHD" is a fairly garbage name for the condition because A) it has a stigma, and B) it isn't even accurate. Both attention deficit and hyperactivity are symptoms of ADHD, but they are not the problem itself. It would be like calling clinical depression "low energy and excessive guilt disorder". ADHD is actually an issue involving improper dopamine regulation in the brain combined with under-activity of the brain's executive function component.
The executive function center is the part of your brain that is in charge of making sure all the other parts of your brain play nice and communicate. When the executive function center breaks down...those other parts don't. The result is a failure to plan or coordinate + a need for impulsive stimulation, thus resulting in endless chaos.
This is what I’ll ask you if you DM me, btw. Is your life endless chaos? Sometimes do you like the chaos? Sometimes do you get bored and create the chaos yourself just to see what might happen? But when that chaos stops being so fun, can you make it stop?
They're very, very intelligent
You've probably heard about the "gifted ADHD genius" thing before. I don't think it exists.
My theory has always been that the "gifted ADHD child" is a victim of survivorship bias.
The research states that ADHD has either no or a negative correlation with intelligence.
There is also a startling overlap with ADHD and incarceration.
This means that students who still manage to succeed despite their disorder tend to have advantages that keep them in the game. Namely that they're smart as hell. The other saving grace is that they come from secure support networks that prevent them from unraveling completely. I've heard from such students that their mom or dad works tirelessly to keep their life in order and to make sure they're getting things done. I do not think it is a coincidence that when ADHD students leave for college, things often fall apart.
The fact that there are ADHD kids that others know and still like makes some think ADHD isn't so bad or comes with natural cognitive advantages. Those same people do not become friends with the ADHD dumb kids who would disprove those perceptions. Do you remember that kid in elementary school who was his own worst enemy? He never had friends, and everyone was kind of afraid to even talk with him? He was kind of a bully but mostly just awful? He invited you to his house one time, but your mom wouldn’t let you go? That is my best guess of what a dumb kid with ADHD is like. It sounds cold writing it, but you know which kid I'm talking about right now. Where do you think that kid is today?
I end up with the smart ones—the ones with parents who care. And God damn are these kids smart. They're brilliant, and funny, and likable, and charming. They have something different about them that makes them undeniable. And it's not just me. I worry I play them up too much in my mind, but then I chat with a teacher or coach of theirs. It's always the same thing: Oh, she's brilliant. She can be so frustrating sometimes, tho.
They can be so frustrating sometimes, tho
The word is frustrating. Now bad. Not nasty. Not unlikeable. Frustrating.
I have some students I just don't like that much (no, not you). What tends to be the common theme with them is that they don't have much interest in my help and display a work ethic to match. On the other spectrum are the world beaters (totally you). These kids kick ass and not only follow my advice but often take that advice to the next level in ways that awe and inspire me.
And then there are the kids I think have ADHD. They don't do stuff all the time. They don't finish an essay, or they forget to spell check like I asked, or they write about something that has nothing to do with the outline we built the week before. That's not necessarily the frustrating part. You kids are 17; you make mistakes. Early on, I try to spot these mistakes and point them out. Even the students who don't like me seem to get my point after enough prodding and the problem goes away.
With these kids, the problem does not go away. Or if it does, another problem pops right back up to replace it. It makes me feel like there's nothing I can do. It would be easier if the student was just a brat. Then I could either become a brat myself or mentally check out because "hey man, your future”.
I need a name for kids I suspect have ADHD…"MaybeHD"?
Ya. That’s super funny. Say it out loud and try not to laugh.
But these MaybeHD kids do like me. And they do want to get into school. And they do feel bad when I get upset with them. I end up in long, drawn-out conversations with them about why this is important and why they need to make specific work a priority to get into the schools they want to go to. Then they nod meekly and head home. Then they come back next week, and it's the same story.
Frustrating.
They are randomly awesome at the weirdest things
I love weird talents. Things that no one offers up immediately, but then you're chatting, and it comes up naturally. "Oh ya, I love animals! I raise baby pigs in my backyard!"
"You do?"
"Ya!"
At some point, the MaybeHD kid read something or watched a Youtube video that he or she liked. Then they wanted to try it. Six months later, they're making 4k a month selling custom bathrobes on Etsy. There's rarely any logic.
"Do you like baths? Or making clothing?
"Not really. I just thought it looked fun, so I bought a sewing kit and started making things."
There is a noted link between ADHD and entrepreneurship. I see it with my MaybeHD students. They have an insatiable drive and passion for following up on curiosities that other students don't possess. Passion is the wrong word. They have obsessions with mastering concepts in a way that feels beyond their control. The obsession itself drives them to be great.
The literature on the subject is cloudy. But there exists a term in ADHD circles called "Hyperfocus". If you know what "flow" is, it's kind of like that. Only more intense and less controllable. I often see the remnants of past hyperfocuses in their stories. They used to run that pig farm. They used to sell bathrobes. They used to be really into getting good grades at school. But then one day, just as quickly as they picked the skill up, they dropped it. They can seldom tell me why.
Their priorities are completely out of whack
The downside of hyperfocus is that it can be so all-encompassing that other priorities fall by the wayside. One of my favorite students ever is named Elleway. We chatted in our first meeting, and I was instantly intrigued by her background. She said she had designed and prototyped a unit that would automatically roll under parked electric cars for hands-free charging. I hear a lot of impressive stuff in my job, and a lot of it ends up being not that impressive. But then Elleway showed me the prototype video she made back when she was a high school freshman and it blew my mind.
https://youtu.be/Y5Ap2uMbWL4
Can you do that? I sure as hell can't. She wasn't even an engineer. She calmly explained that she had partnered with several older male engineers who had helped turn her idea into reality. Then she had done all the promotional and marketing work herself. Then she got second out of 300 students at a young entrepreneur contest held at Columbia University. Shortly after, a tech CEO came up to her and asked if she would like to work with him to file a patent for the invention. She agreed and is now a trademark holder.
That was all in our first 10 minutes. She then went on to share the half dozen corporations she had worked for. And the three businesses she started. And the graphic design work she made for her website. She told me how she was a Nationally ranked fencer until she lost interest. She was now merely a Nationally ranked golfer.
Then I saw she had a 2.9 GPA and thus zero shot at getting into NYU like she hoped.
I did not initially think Elleway had ADHD. I thought she was a pathological liar. It seemed impossible to me that this same girl who had already taken a grip on the world was then unable to keep up her grades in math. That just isn’t how any -any- of my other ultra high-achieving students behave. Then Elleway showed me pictures of her casually hanging out with Andrew Yang. And then her LinkedIn With a lot of people who do not accept your request unless they want to. I had to figure out what the hell led to all this.
Elleway’s patent and ambition to work on it had taken up all her time. She was so singularly focused on doing what she cared about that the world behind her didn't seem to exist. She was hyperfocused on a goal, but once she reached it, she woke up to a reality that punished her for ignoring everything else.
That's the longing writer's version of the story. The more popular one is that she didn't give a shit about school, was warned repeatedly about the consequences, and ignored them. She got what she deserved. That’s the version the rest of the world had for her.
It goes back to frustrating. I've gotten kids into NYU that don't show a fifth the potential that Elleway did. Those kids went to all the camps their parents paid for and entered competitions with a tech doorbell or something lame, and they're just fine. But MaybeHD students are often world-beaters in ways that make them seem so special. They talk endlessly not just about what they're into but how they figured it all out and why it is all so important to them. I believe them, and I want to fight for them. So I give them as much assistance as I possibly can. But then they don't do the increasingly easy tasks I ask for them to complete. Then they suffer the consequences.
Elleway didn't get into NYU. She didn't get in much of anywhere. It eats me up inside, and I feel like I failed her. I don't know how many other people in my position would feel the same way. That's why I have to be Sven.
This is getting long, and I'm getting depressed. Here's the TL: DR of what I see when I see a student with ADHD
...
Me. I see me. And it can hurt really bad knowing what a condition like ADHD does to a young person's life.
My life is endless chaos. I've been out of food for nine days. My house looks like Badger from Breaking Bad bought a loft in Palo Alto. I am still writing this at 3:25 AM when I have to be up for work at nine. My cat has started doing this thing where she sleeps in her food bowl when it gets empty. It's equal parts adorable and humiliating.
I'm smart as shit. I know it. I made up half-ideas. That article is absolute fire. I got published on Cracked.com five times in 2011 when that meant something. I went to Tulane on a half-ride merit scholarship, used to win creative writing contests, and have done a bunch of other writery stuff that made people stand up and go, "Woah".
But I only made it to college because my mom carried me there, kicking and screaming. She packaged my life together, and I held on for the ride. Then I got to school and made it two months before she got an Email alerting her that Tulane was planning to revoke the remaining $70,000 of my $80,000 scholarship due to my grades. I barely scraped by and survived. But the shame and frustration in her voice when she read me that letter over the phone haunts me to this day.
I analyze handwriting. And I turned a Reddit account into a successful business in four months. And I collect college T-shirts from schools my students go to. And I own Bitcoin I bought in 2011 for $4.50 each. And I'm teaching myself piano with a video game. And I'm exercising with a video game. And I'm ranked 42nd in Northern California at Super Smash Bros Ultimate. And I’ve tried the nachos at over 100 Taquerias in the Bay Area. And I own a really cute cat.
But I've spent 15* hours this week writing this instead of a sequel to that Costco piece. I have one coming where I edit my Common App essay from 2009. It's a great idea and a great article. One that will drive significantly more business to my site than this piece will. Hell, I predict this piece is likely to lose me business because I come off like a mess in it. But it's what I want to write, so I feel like I have no choice.
*The 15 hours is a guess. I have no idea how long it takes me to write and edit these things. I start typing and X hours later look up and realize how hungry I am and how much I need to pee. The writing controls me.
I see myself in my MaybeHD students. I see their unfettered curiosity and flair for taking as much good from the world as possible. I see their infectious enthusiasm and ability to quickly forgive others because they know too well how it feels to want forgiveness themselves.
Yet I also see their inattention to detail, their weak excuses, and their general confusion that makes me realize they couldn't fix some problems if their lives depended on it. I see their sadness and shame when those mistakes pile up. I see when the chaos stops being fun, and they want out, but they don't know how. I don't know what I, as their consultant, can do. But as Sven, I can recommend they go talk to someone else...
Hey, so, I was considering hiring you and all...but you seem kind of bad. Why should I trust you?
Because a couple of years ago, I got back on my medication and turned my life around. You aren't reading this if I don't reach out for help and trust a trained psychiatrist to guide me. There are no groups of friends in Delaware or Connecticut comparing their half-ideas lists. There sure as shit isn't a CollegeWithMattie.com.
I still have ADHD. But one of the greatest things about ADHD is that it is -without rival- the most treatable form of mental illness or dysfunction known to man. It is not curable, but there are endless medical and non-medical options available for those willing to reach out and get the help they need. My story is that it was only by getting re-medicated that I then could learn and use coping mechanisms that allow me to achieve the type of life I've always wanted.
Christ, 4,400 words. You know, I'm also submitting this for a class I'm in. That's why all the backlinks are to actual sources instead of links herding you into my website. Hi Amy! That's one more thing. ADHD people are hyper-efficient...Kind of.
Alright. If you're still here reading this, you might be suspecting some things about yourself. My DMs are open if you want to chat, but again, I am not a doctor. I will say that right now, as you prepare to head to college, is a really good time to get this all figured out. College is a giant reset button on your life. Figure these problems out now so that by the time you head off for your next chapter, you will have given yourself the best possible chance to succeed.
Endless chaos.
Here is the bold part again:
If you are a student in high school who suspects he or she has ADHD, your best course of action is to talk with your parents and look into being tested by a professional psychiatrist who specializes in the topic. These tests are expensive, and mental health insurance in America (still) sucks balls. But this is the fastest, most straightforward route to getting the help you need.
Option two is to try and work with/through your public high school to get them to pay for it. This site has some good info. My guess is that this method will kind of suck. Public schools don't have a lot of funding and will not want to spend it on you. That's not your problem. You will almost certainly need your parents to back you up on this one and sit through a lot of boring meetings. I assume a lot of people will tell you a lot of reasons why they can't help you. Your response every time should be some version of, "Sure. But I need help with this. And I'm not going to stop until I get the support I need. So what do I do from here?" Then you blankly stare at them and refuse to leave until they get you at least to the next step. This will suck and I'm not sure how well it will work. If you do attempt or have attempted this method, please DM me or contact my Email with your experience. I want to know if this is even worth my student's time.
If you can not afford traditional testing, or if you do not feel your parents would support such testing, your best option is to wait until the day you turn 18 and then register for a telehealth company that specializes in ADHD. The one I use and recommend is HelloAhead.com. They're neat. They do not take traditional insurance, but their rates are much lower than most doctors. They are cheap enough that I feel an average 18-year old who wants help could find a way to afford it on his or her own. The downside with these sites is the waiting times can be really long. Took me like five months. Other such sites are popping up, and while I can't vouch for them, they all seem to offer a similar service.
Update: The lines aren't that long anymore! Monday was Elleway's 18th birthday. She sent me a screengrab of her upcoming Ahead appointment in early September. She told me she spent the entire day crying because all her friends were going off to great schools and that she was stuck at home. I've told Elleway that I plan to help her reapply to NYU this year. I doubt I will ever want to see another student succeed as much as I will with her.
submitted by CollegeWithMattie to ApplyingToCollege [link] [comments]

Were my Grandparents murderers?

As a kid we would go to upstate New York on vacation to meet up with extended family members.
My Grandparents owned a house which was passed down from their parents.
I loved playing with my cousins. The area was completely remote. You had to drive a mile down a private road to get to the house.
We went at least once a summer, but that tragically ended in the later 1980’s when two of my uncles and my nine year old cousin vanished one day.
As I recall the story, my whole extended family about 30 people were staying the weekend in the house. Some of the older kids would sleep in tents outside because there just wasn’t enough room and the kids liked camping as well.
It wasn’t uncommon for my uncle’s to look for an excuse to get drunk and pretend to hunt deer.
We were all city dwellers and none of my uncle’s really knew anything about hunting rather than put bullets in rifle; aim at deer; and shoot.
One Saturday afternoon, my two uncle’s and cousin ventured out into the woods. Typically, they would get drunk and return after a couple of hours. That Saturday, they didn’t return. I recall about supper time the adults joking that we will see them returning through those woods at anytime with no deer.
As nighttime approached and still no signs of their return, then I remembered the mood had changed and the adults started to freak out.
The adults went out searching for them. I remember being able to hear my family members yell their names through the woods.
Eventually, the police arrived and they formed a search party. They searched all night and the next day with no sign of them.
We extended our stay at the house so my parents could assist in the search.
We stayed for a week and there was still no sign of them. We went back to NYC and my dad would go back to upstate NYC every weekend to search for them.
Understandingly, we stopped going there as a vacation retreat.
Two years went bye, then five years went bye, then eventually 20 years with no bodies being found. There was nothing. No clues at all.
It really changed everything in my family. None of the adults ever seemed happy again.
Fast forward to just a few months ago, I was perusing through free horror movies on demand. You know the ones where you have to watch commercials and really weren’t good enough to be featured on say Netflix.
I read the previews for one of the movies and it was eerily similar to what happened to my uncle’s and cousin.
I decided to watch the movie and the coincidences were extremely unsettling.
There was a long road to the house, there was about the same amount of people who were at the house that Saturday, even to the smallest of details on how three of my male cousins would play on this large boulder in back of the house.
I was glued to the tv because this was literally going to explain what happened to my lost family members.
Then it eventually got to the part, where one of the locals who lived in the woods kidnapped the three of them and sadisticly killed them.
I immediately phoned my brother and in turn he contacted the rest of the family members.
Eventually, we contacted the police and they interrogated the writer of the movie.
Based on the police investigation, it was determined that the actual writer who took credit for the screenplay didn’t write the movie. He actually payed a ghostwriter through bitcoins for his ideas on Reddit.
My family and the police watched the movie for any clues on where the bodies could be.
Another search party was assembled and the bodies were found buried in the basement of a remote cabin about 10 miles from my grandparents upstate house.
The whole family was just perplexed. Who wrote the movie? Who knew all of these intimate details of our family?
The police were unable to figure out who sent the story through Reddit. The ghost writer went through great lengths to hide his computephones IP address.
My whole family went through every possible suspect including everyone in the family. Everyone agreed it couldn’t be anyone in the upstate house that day.
Then, weeks went bye and I must of watched the movie two hundred times and still no suspect.
Then one day,I was watching old home movies and something extremely sinister occurred to me.
My grandfather back in the early 1980’s would draw lines. He would draw the lines on paper, on wood with the pointed end of nails, basically on anything as a nervous tick. Then after my uncles and cousin disappeared he stopped doing it, so I completely forgot about it.
Those lines were important because I remembered seeing two of them in an indiscreet area on the inside door of the cabin.
I knew I really had to sit and think before I accused anyone of anything.
Then, I came up with a possible scenario. My grandfather told my two uncles and cousin to go to the cabin and he would meet them there. Then, when the search party went out to look for them, my grandfather went out on his own to the cabin and killed them.
My grandfather then went back to burry the bodies in the cabin.
I explained the scenario to the rest of my family and most of them agreed with me and were in shock and horror.
My grandfather was dead so he couldn’t be held accountable, but I knew the motive.
He wanted the upstate house for himself. My grandparents were the only ones who continued to visit the house after my uncles and cousin vanished.
Still the mystery remains,who actually wrote the story? My grandfather was dead when the writer of the movie received the story from the ghost writer.
I don’t think whoever wrote the story was actually involved in the plot or the actual murders. I think the ghost writer just wanted to tell what they knew.
Talking to the rest of my family, they remembered my grandfather veering off from the rest of the search party only to return hours later. They also remember my grandfather returning from one of the searches covered in sweat and dirt.
Everyone who was there that week corroborated those events regarding my grandfather and everyone agreed it was virtually impossible for anyone to have assisted my grandfather.
Also, everyone agreed that someone who was there that Saturday was the Ghostwriter. Potentially, even my grandmother, which would really be dark because there was actually bitcoins exchanged for the story.
submitted by mtp6921 to stories [link] [comments]

Hunting Scammers- In Progress (Long Read)

Hunting Scammers... 8/16/20
If you don’t care about the background skip to: [************************************************] So... I am in a unique position where I am aware of new and old scams daily. I often help those that are wronged and I frequently pass this information along to family so they don’t fall prey...
Recently my mother told me that she was a victim of a scam, but not just a few hundred dollars, not a few thousand... She got taken for around $125,000, 401k cleaned out, retirement gone, second mortgage, credit cards opened and maxed out, sold her car, loans taken out and emptied...
How did they do it? They hacked a Facebook account of one of her cousins and that compromised account blasted out the message: “Hey I just got a grant from the IDA (Independent Development Association) I saw your name on the list, did you get your $150,000 check yet?”
That spiral led into her texting an “agent” who got all of her information and told her that she needed to pay for the secure courier which was $1,000... Months go by with regular contact, always a new “problem” like “the check got delayed here for a customs check and you need to pay $500”. They told her that she was bound to secrecy as if she told anyone beyond my step dad, they would be disqualified. They told her that they needed to monitor her phone calls to make sure she didn’t tell anyone, they provided her with a “court order subpoena” which was obviously fake, but she didn’t know. They logged into her cell account and ordered 20+ new iPhone 11 Pro Max from her cell provider on her credit. Then they actually paid her account for 2 months before ghosting her... They hacked her Facebook and tried to recruit more people into their scam...
It was always a promise of more money if you do this or that... $150,000 then $250,000 all the way to $750,000...
[************************************************]
Preface: Always be safe when scam hunting/baiting Use an encrypted email (ProtonMail is free) Use a good proxy/VPN (pay for it, it’s worth it) NEVER give out your personal details
I got all the information from my mother about: The phone number she texted. The person she talked to. Where/who she shipped the cell phones to. Where/who she sent cash to.
(1) First contact/a little payback
From that I started by contacting the scammer... My Facebook is already locked down so the information you get from my profile is very little, I reached out to my mother’s compromised FB through messenger and got a bite. They told me to text a number from the US to which I happily obliged.
I used a texting app in conjunction with a VPN on my computer running a VM (virtual machine) I can control all the information released like OS, browser and such if they know how to look it’ll all be spoofed.
I spoke with the scammer who had me “fill out a form” and he was working from a script, which is hard to break them from...
This form he sent me, he accidentally forgot to clear it off from the last person he scammed so I had all of the information from the victim *I immediately call this guy and saved him before he sent any money luckily.
So I digress, I occupy the scammers time for about 6 hours, giving him issues and excuses finally getting him off script. He directs me to a “local” bitcoin ATM to send a deposit of $1,500. I go through a host of issues while he gave me his first BTC address. I google a good picture of a bitcoin ATM and began photoshopping error messages until I had an epiphany...
I told the scammer that the machine was giving me an error that his account was unverified and that he needed to “mirror” the transaction by first sending me $1,500 to unlock the transfer and it would be immediately refunded and my “$1,500” would be sent too. Unfortunately it didn’t work, so he gives me the second BTC address. What do ya know, same error lol...
After a back and forth for about an hour, I couldn’t believe it, he agreed to “mirror” the transaction... So I scrambled to get a clean BTC address and sent it to him. He agreed to send $200 to see if it worked... Low and behold I just received $200... So what do I do next? Give in? No. I just changed the photoshop to say “Pending $1,300” now lol...
He bit, hard. After more talking and pretending to be a helpless 64 year old guy with $20,000 ready to give him the scammer saw green and got greedy... More debate, more discussion, he sent another $500. Give in now? No... Back to photoshop... “Pending $800” To cut it short, he sure as hell sent the other $800... After a back and forth I sent him doctored up transaction receipts saying it was all transferred back to him. Getting him off script and getting him to pay a fraction of what he stole, is that enough? No. I promptly withdrew the money and gave it to my mom, it wasn’t much but just a little victory for now...
(2) Finding the mules
The next day the scammer cuts all contact with me, so I spoof a new number and call him. It rings and goes to voicemail and I hear his voice, sounds distorted with a British accent but broken English, I assume African. I leave only my telephone number on the recording saying “call me back” (we’ll come back to this)
I move on to the places the phones were sent, first up, an apartment complex about an hour from me. But I’m not looking for a direct contact situation as I don’t know who or what they’re capable of... So I get the shipping details and find a very unique name but for Reddit we’ll call her Mrs. “E”.
I begin tearing into her life, public records, credit report info, and phone records, I get it all... Time to make contact, I send an unassuming text to her number, asking for help. Surprisingly she responded, I began by asking her about a shipment she got in and the name of the shipping company she was receiving packages for. Radio silence for a few hours, then the denial began... I hit her with the hard facts, and just enough information so she knows I know everything about her...
Mrs. E breaks and gives me the info I need. She was contacted by a friend who owns a shipping company in Lagos, Nigeria, they asked her to take the package of iPhones and forward them to him via another courier service. Mrs. E gave me everything.
Next is Mrs. R who my mother sent actual cash to... I looked up the address and find it’s a duplex in Midwest. So I do a quick search of the name and nothing comes up... I then use the County Assessment District to get the public tax records and owner information. I contact the owner and give him the name I have and explain why I’m looking for her information. He gave me all the details he could as Mrs. R is the girlfriend of his tenant and the name I had was wrong. Waiting to get Mrs. R’s records right now I’ll get everything on her just like Mrs. E, she’ll bend to my will.
(3) International Phone Calls
So while I was searching for Mrs. R’s records I get a phone call... It’s a Nigerian number... I answered and find out it’s my scammer that I left a message for... This genius calls me from his actual cell number, which is not the number I called and left a message for. Currently working on getting his subscriber information but it’s proving hard (if anyone can help reply).
I call up the owner of the shipping company in Nigeria and tell him that I’m looking for shipping details and quotes, I’m still working on his information... He’s a pleasant person to talk to, I will ruin him...
So that’s where I’m at for now, but I definitely will keep you all updated.
Mini-update 8/16/20: The owner of the shipping company apologized that his courier service had anything to do with the transactions. I’m not sure if I believe that but he did give me a name and 2 phone numbers he had on file for the customer. I’m really needing someone who can check these numbers out... If I can get a carrier identified I can work my magic on them to get the info I need.
Update #1: 8/17/2020 Today I got all of Mrs. “R”s info minus good contact information... Pitty... But I’ll find it. The number on her file with her last loan didn’t pan out... I’ll come back to this tomorrow...
I back traced the scammers cell phones with a little help from a friend, both phones are confirmed cell phones with active service with 2 different cell phone providers in Nigeria. I’m still lacking on the subscriber information, but I know where to look now... I reached out to the Nigerian Police Force to see if they can help, I doubt they can but you never know what you can get without asking...
The scammer himself reached out to another dummy account I set up. I gave him a little scare, he asked who referred me to him... I gave him his own name, he hasn’t responded yet...
https://imgur.com/gallery/EvfLcgy
Update #2: 8/31/2020 So after name dropping the scammer I got dead silence. Luckily I was able to capture his IP address. I worked with a few contacts I made and found he was using the “Text Now” app, did a little magic and found out the “main scammer” actually is working in a call center.
But interestingly enough I found that the workers there on average make like $500usd a month... (more on that later)
So I have numerous fake Facebook accounts optimized for international connections, even though they look and are set up American, with them connected to the profiles from Africa or Russia, you can set your profile up to show up to them first, and you’ll be flooded with friends and messages...
Another scammer reached out to me and I played along and made friends with them. I ran a game on him for a little bit and just came out and told him what I was trying to do. I asked him to help me, but it was off how he was replying, I called him on the phone and he told me that he was “busy in the office”. So he ghosted me, or so I thought...
I get a text message from a Nigerian number that I did not know a few hours later. He tells me that he was the one I was talking to, he went on to explain that everything they do is monitored, there are about 20 of them in this room with computers, and several cell phones at their station. This guy goes on to explain that he controls about 15 different profiles, as many phone numbers as he can, and several emails, all of which are for scamming.
So I think I’ve just developed an asset in Nigeria........ He has agreed to help me for money. He explained to me that he pulls on average $40,000 usd a month, I don’t know if that figure is true, but it’s believable...
Mr. Asset goes on to tell me that if they hit their goal they make $250 a month, and for every so many $$$’s above their goal they get bonuses.
So ladies and gents’ I’ve got boots on the ground. (Hopefully) I’ll keep you all updated.
Not officially an update but figured I’d share it anyway! https://www.reddit.com/SuicideWatch/comments/ikfno1/went_looking_to_ruin_a_life_ended_up_saving_one/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
submitted by TheKrimlin to scambait [link] [comments]

In Nigeria, crypto is saving us from extractive Central Banking policies

I think most of you already know this, but Crypto has really been a life saver for Middle class Nigerians, especially us that have to deal with a central bank that has made sourcing dollars hard to find because Crude Oil has wrecked us and they refuse to open up the economy..

this Reuters article best explains it:
"
Odunjo sources handsets and accessories from China and the United Arab Emirates. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed and convenience.
The shift has boosted his profits, as he no longer has to buy dollars using the Nigerian naira or shell out fees to money-transfer firms. It is also one example of how, in Africa, bitcoin - the original and biggest cryptocurrency - is finding the practical use that it has largely failed to elsewhere.
“Bitcoin helped to protect my business against the currency devaluation, and enabled me to grow at the same time,” Odunjo told Reuters from his two-by-eight metre shop.
“You don’t have to pay charges, you don’t have to buy dollars,” the 30-year-old said, raising his voice above the sound of loud haggling and the honking horns of scooters.
Odunjo is one of many people at the heart of a quiet bitcoin boom in Africa, driven by payments from small businesses as well as remittances sent home from migrant workers, according to data shared exclusively with Reuters and interviews with around 20 bitcoin users and five cryptocurrency exchanges.
Monthly cryptocurrency transfers to and from Africa of under $10,000 - typically made by individuals and small businesses - jumped more than 55% in a year to reach $316 million in June, the data from U.S. blockchain research firm Chainalysis shows."
https://www.reuters.com/article/us-crypto-currencies-africa-insight/how-bitcoin-met-the-real-world-in-africa-idUSKBN25Z0Q8

we save in tether and do business in bitcoin, Cuts of extractive policies that would have left us at the mercy of the central bank 10 years ago..
submitted by Zilllnaijaboy99 to CryptoCurrency [link] [comments]

Zano Newcomers Introduction/FAQ - please read!

Welcome to the Zano Sticky Introduction/FAQ!

https://preview.redd.it/al1gy9t9v9q51.png?width=424&format=png&auto=webp&s=b29a60402d30576a4fd95f592b392fae202026ca
Hopefully any questions you have will be answered by the resources below, but if you have additional questions feel free to ask them in the comments. If you're quite technically-minded, the Zano whitepaper gives a thorough overview of Zano's design and its main features.
So, what is Zano? In brief, Zano is a project started by the original developers of CryptoNote. Coins with market caps totalling well over a billion dollars (Monero, Haven, Loki and countless others) run upon the codebase they created. Zano is a continuation of their efforts to create the "perfect money", and brings a wealth of enhancements to their original CryptoNote code.
Development happens at a lightning pace, as the Github activity shows, but Zano is still very much a work-in-progress. Let's cut right to it:
Here's why you should pay attention to Zano over the next 12-18 months. Quoting from a recent update:
Anton Sokolov has recently joined the Zano team. ... For the last months Anton has been working on theoretical work dedicated to log-size ring signatures. These signatures theoretically allows for a logarithmic relationship between the number of decoys and the size/performance of transactions. This means that we can set mixins at a level from up to 1000, keeping the reasonable size and processing speed of transactions. This will take Zano’s privacy to a whole new level, and we believe this technology will turn out to be groundbreaking!
If successful, this scheme will make Zano the most private, powerful and performant CryptoNote implementation on the planet. Bar none. A quantum leap in privacy with a minimal increase in resource usage. And if there's one team capable of pulling it off, it's this one.

What else makes Zano special?

You mean aside from having "the Godfather of CryptoNote" as the project lead? ;) Actually, the calibre of the developers/researchers at Zano probably is the project's single greatest strength. Drawing on years of experience, they've made careful design choices, optimizing performance with an asynchronous core architecture, and flexibility and extensibility with a modular code structure. This means that the developers are able to build and iterate fast, refining features and adding new ones at a rate that makes bigger and better-funded teams look sluggish at best.
Zano also has some unique features that set it apart from similar projects:
Privacy Firstly, if you're familiar with CryptoNote you won't be surprised that Zano transactions are private. The perfect money is fungible, and therefore must be untraceable. Bitcoin, for the most part, does little to hide your transaction data from unscrupulous observers. With Zano, privacy is the default.
The untraceability and unlinkability of Zano transactions come from its use of ring signatures and stealth addresses. What this means is that no outside observer is able to tell if two transactions were sent to the same address, and for each transaction there is a set of possible senders that make it impossible to determine who the real sender is.
Hybrid PoW-PoS consensus mechanism Zano achieves an optimal level of security by utilizing both Proof of Work and Proof of Stake for consensus. By combining the two systems, it mitigates their individual vulnerabilities (see 51% attack and "nothing at stake" problem). For an attack on Zano to have even a remote chance of success the attacker would have to obtain not only a majority of hashing power, but also a majority of the coins involved in staking. The system and its design considerations are discussed at length in the whitepaper.
Aliases Here's a stealth address: ZxDdULdxC7NRFYhCGdxkcTZoEGQoqvbZqcDHj5a7Gad8Y8wZKAGZZmVCUf9AvSPNMK68L8r8JfAfxP4z1GcFQVCS2Jb9wVzoe. I have a hard enough time remembering my phone number. Fortunately, Zano has an alias system that lets you register an address to a human-readable name. (@orsonj if you want to anonymously buy me a coffee)
Multisig
Multisignature (multisig) refers to requiring multiple keys to authorize a Zano transaction. It has a number of applications, such as dividing up responsibility for a single Zano wallet among multiple parties, or creating backups where loss of a single seed doesn't lead to loss of the wallet.
Multisig and escrow are key components of the planned Decentralized Marketplace (see below), so consideration was given to each of them from the design stages. Thus Zano's multisig, rather than being tagged on at the wallet-level as an afterthought, is part of its its core architecture being incorporated at the protocol level. This base-layer integration means months won't be spent in the future on complicated refactoring efforts in order to integrate multisig into a codebase that wasn't designed for it. Plus, it makes it far easier for third-party developers to include multisig (implemented correctly) in any Zano wallets and applications they create in the future.
(Double Deposit MAD) Escrow
With Zano's escrow service you can create fully customizable p2p contracts that are designed to, once signed by participants, enforce adherence to their conditions in such a way that no trusted third-party escrow agent is required.
https://preview.redd.it/jp4oghyhv9q51.png?width=1762&format=png&auto=webp&s=12a1e76f76f902ed328886283050e416db3838a5
The Particl project, aside from a couple of minor differences, uses an escrow scheme that works the same way, so I've borrowed the term they coined ("Double Deposit MAD Escrow") as I think it describes the scheme perfectly. The system requires participants to make additional deposits, which they will forfeit if there is any attempt to act in a way that breaches the terms of the contract. Full details can be found in the Escrow section of the whitepaper.
The usefulness of multisig and the escrow system may not seem obvious at first, but as mentioned before they'll form the backbone of Zano's Decentralized Marketplace service (described in the next section).

What does the future hold for Zano?

The planned upgrade to Zano's privacy, mentioned at the start, is obviously one of the most exciting things the team is working on, but it's not the only thing.
Zano Roadmap
Decentralized Marketplace
From the beginning, the Zano team's goal has been to create the perfect money. And money can't just be some vehicle for speculative investment, money must be used. To that end, the team have created a set of tools to make it as simple as possible for Zano to be integrated into eCommerce platforms. Zano's API’s and plugins are easy to use, allowing even those with very little coding experience to use them in their E-commerce-related ventures. The culmination of this effort will be a full Decentralized Anonymous Marketplace built on top of the Zano blockchain. Rather than being accessed via the wallet, it will act more as a service - Marketplace as a Service (MAAS) - for anyone who wishes to use it. The inclusion of a simple "snippet" of code into a website is all that's needed to become part a global decentralized, trustless and private E-commerce network.
Atomic Swaps
Just as Zano's marketplace will allow you to transact without needing to trust your counterparty, atomic swaps will let you to easily convert between Zano and other cyryptocurrencies without having to trust a third-party service such as a centralized exchange. On top of that, it will also lead to the way to Zano's inclusion in the many decentralized exchange (DEX) services that have emerged in recent years.

Where can I buy Zano?

Zano's currently listed on the following exchanges:
https://coinmarketcap.com/currencies/zano/markets/
It goes without saying, neither I nor the Zano team work for any of the exchanges or can vouch for their reliability. Use at your own risk and never leave coins on a centralized exchange for longer than necessary. Your keys, your coins!
If you have any old graphics cards lying around(both AMD & NVIDIA), then Zano is also mineable through its unique ProgPowZ algorithm. Here's a guide on how to get started.
Once you have some Zano, you can safely store it in one of the desktop or mobile wallets (available for all major platforms).

How can I support Zano?

Zano has no marketing department, which is why this post has been written by some guy and not the "Chief Growth Engineer @ Zano Enterprises". The hard part is already done: there's a team of world class developers and researchers gathered here. But, at least at the current prices, the team's funds are enough to cover the cost of development and little more. So the job of publicizing the project falls to the community. If you have any experience in community building/growth hacking at another cryptocurrency or open source project, or if you're a Zano holder who would like to ensure the project's long-term success by helping to spread the word, then send me a pm. We need to get organized.
Researchers and developers are also very welcome. Working at the cutting edge of mathematics and cryptography means Zano provides challenging and rewarding work for anyone in those fields. Please contact the project's Community Manager u/Jed_T if you're interested in joining the team.
Social Links:
Twitter
Discord Server
Telegram Group
Medium blog
I'll do my best to keep this post accurate and up to date. Message me please with any suggested improvements and leave any questions you have below.
Welcome to the Zano community and the new decentralized private economy!
submitted by OrsonJ to Zano [link] [comments]

A criticism of the article "Six monetarist errors: why emission won't feed inflation"

(be gentle, it's my first RI attempt, :P; I hope I can make justice to the subject, this is my layman understanding of many macro subjects which may be flawed...I hope you can illuminate me if I have fallen short of a good RI)
Introduction
So, today a heterodox leaning Argentinian newspaper, Ambito Financiero, published an article criticizing monetarism called "Six monetarist errors: why emission won't feed inflation". I find it doesn't properly address monetarism, confuses it with other "economic schools" for whatever the term is worth today and it may be misleading, so I was inspired to write a refutation and share it with all of you.
In some ways criticizing monetarism is more of a historical discussion given the mainstream has changed since then. Stuff like New Keynesian models are the bleeding edge, not Milton Friedman style monetarism. It's more of a symptom that Argentinian political culture is kind of stuck in the 70s on economics that this things keep being discussed.
Before getting to the meat of the argument, it's good to have in mind some common definitions about money supply measures (specifically, MB, M1 and M2). These definitions apply to US but one can find analogous stuff for other countries.
Argentina, for the lack of access to credit given its economic mismanagement and a government income decrease because of the recession, is monetizing deficits way more than before (like half of the budget, apparently, it's money financed) yet we have seen some disinflation (worth mentioning there are widespread price freezes since a few months ago). The author reasons that monetary phenomena cannot explain inflation properly and that other explanations are needed and condemns monetarism. Here are the six points he makes:
1.Is it a mechanical rule?
This way, we can ask by symmetry: if a certainty exists that when emission increases, inflation increases, the reverse should happen when emission becomes negative, obtaining negative inflation. Nonetheless, we know this happens: prices have an easier time increasing and a lot of rigidity decreasing. So the identity between emission and inflation is not like that, deflation almost never exists and the price movement rhythm cannot be controlled remotely only with money quantity. There is no mechanical relationship between one thing and the other.
First, the low hanging fruit: deflation is not that uncommon, for those of you that live in US and Europe it should be obvious given the difficulties central banks had to achieve their targets, but even Argentina has seen deflation during its depression 20 years ago.
Second, we have to be careful with what we mean by emission. A statement of quantity theory of money (extracted from "Money Growth and Inflation: How Long is the Long-Run?") would say:
Inflation occurs when the average level of prices increases. Individual price increases in and of themselves do not equal inflation, but an overall pattern of price increases does. The price level observed in the economy is that which leads the quantity of money supplied to equal the quantity of money demanded. The quantity of money supplied is largely controlled by the [central bank]. When the supply of money increases or decreases, the price level must adjust to equate the quantity of money demanded throughout the economy with the quantity of money supplied. The quantity of money demanded depends not only on the price level but also on the level of real income, as measured by real gross domestic product (GDP), and a variety of other factors including the level of interest rates and technological advances such as the invention of automated teller machines. Money demand is widely thought to increase roughly proportionally with the price level and with real income. That is, if prices go up by 10 percent, or if real income increases by 10 percent, empirical evidence suggests people want to hold 10 percent more money. When the money supply grows faster than the money demand associated with rising real incomes and other factors, the price level must rise to equate supply and demand. That is, inflation occurs. This situation is often referred to as too many dollars chasing too few goods. Note that this theory does not predict that any money-supply growth will lead to inflation—only that part of money supply growth that exceeds the increase in money demand associated with rising real GDP (holding the other factors constant).
So it's not mere emission, but money supply growing faster than money demand which we should consider. So negative emission is not necessary condition for deflation in this theory.
It's worth mentioning that the relationship with prices is observed for a broad measure of money (M2) and after a lag. From the same source of this excerpt one can observe in Fig. 3a the correlation between inflation and money growth for US becomes stronger the longer data is averaged. Price rigidities don't have to change this long term relationship per se.
But what about causality and Argentina? This neat paper shows regressions in two historical periods: 1976-1989 and 1991-2001. The same relationship between M2 and inflation is observed, stronger in the first, highly inflationary period and weaker in the second, more stable, period. The regressions a 1-1 relationship in the high inflation period but deviates a bit in the low inflation period (yet the relationship is still there). Granger causality, as interpreted in the paper, shows prices caused money growth in the high inflation period (arguably because spending was monetized) while the reverse was true for the more stable period.
So one can argue that there is a mechanical relationship, albeit one that is more complicated than simple QTOM theory. The relationship is complicated too for low inflation economies, it gets more relevant the higher inflation is.
Another point the author makes is that liquidity trap is often ignored. I'll ignore the fact that you need specific conditions for the liquidity trap to be relevant to Argentina and address the point. Worth noting that while market monetarists (not exactly old fashioned monetarists) prefer alternative explanations for monetary policy with very low interest rates, this phenomena has a good monetary basis, as explained by Krugman in his famous japanese liquidity trap paper and his NYT blog (See this and this for some relevant articles). The simplified version is that while inflation may follow M2 growth with all the qualifiers needed, central banks may find difficulties targeting inflation when interest rates are low and agents are used to credible inflation targets. Central banks can change MB, not M2 and in normal times is good enough, but at those times M2 is out of control and "credibly irresponsible" policies are needed to return to normal (a more detailed explanation can be found in that paper I just linked, go for it if you are still curious).
It's not like monetary policy is not good, it's that central banks have to do very unconventional stuff to achieve in a low interest rate environment. It's still an open problem but given symmetric inflation targeting policies are becoming more popular I'm optimistic.
2 - Has inflation one or many causes?
In Argentina we know that the main determinant of inflation is dollar price increases. On that, economic concentration of key markets, utility price adjustments, fuel prices, distributive struggles, external commodity values, expectatives, productive disequilibrium, world interest rates, the economic cycle, stationality and external sector restrictions act on it too.
Let's see a simple example: during Macri's government since mid 2017 to 2019 emission was practically null, but when in 2018 the dollar value doubled, inflation doubled too (it went from 24% to 48% in 2018) and it went up again a year later. We see here that the empirical validity of monetarist theory was absent.
For the first paragraph, one could try to run econometric tests for all those variables, at least from my layman perspective. But given that it doesn't pass the smell test (has any country used that in its favor ignoring monetary policy? Also, I have shown there is at least some evidence for the money-price relationship before), I'll try to address what happened in Macri's government and if monetarism (or at least some reasonable extension of it) cannot account for it.
For a complete description of macroeconomic policy on that period, Sturzenegger account is a good one (even if a bit unreliable given he was the central banker for that government and he is considered to have been a failure). The short version is that central banks uses bonds to manage monetary policy and absorb money; given the history of defaults for the country, the Argentinian Central Bank (BCRA) uses its own peso denominated bonds instead of using treasury bonds. At that time period, the BCRA still financed the treasury but the amount got reduced. Also, it emitted pesos to buy dollar reserves, then sterilized them, maybe risking credibility further.
Near the end of 2017 it was evident the government had limited appetite for budget cuts, it had kind of abandoned its inflation target regime and the classic problem of fiscal dominance emerged, as it's shown in the classic "Unpleasant monetarist arithmetic" paper by Wallace and Sargent. Monetary policy gets less effective when the real value of bonds falls, and raising interest rates may be counterproductive in that environment. Rational expectations are needed to complement QTOM.
So, given that Argentina promised to go nowhere with reform, it was expected that money financing would increase at some point in the future and BCRA bonds were dumped in 2018 and 2019 as their value was perceived to have decreased, and so peso demand decreased. It's not that the dollar value increased and inflation followed, but instead that peso demand fell suddenly!
The IMF deal asked for MB growth to be null or almost null but that doesn't say a lot about M2 (which it's the relevant variable here). Without credible policies, the peso demand keeps falling because bonds are dumped even more (see 2019 for a hilariously brutal example of that).
It's not emission per se, but rather that it doesn't adjust properly to peso demand (which is falling). That doesn't mean increasing interest rates is enough to achieve it, following Wallace and Sargent model.
This is less a strict proof that a monetary phenomenon is involved and more stating that the author hasn't shown any problem with that, there are reasonable models for this situation. It doesn't look like an clear empirical failure to me yet.
3 - Of what we are talking about when we talk about emission?
The author mentions many money measures (M0, M1, M2) but it doesn't address it meaningfully as I tried to do above. It feels more like a rhetorical device because there is no point here except "this stuff exists".
Also, it's worth pointing that there are actual criticisms to make to Friedman on those grounds. He failed to forecast US inflation at some points when he switched to M1 instead of using M2, although he later reverted that. Monetarism kind of "failed" there (it also "failed" in the sense that modern central banks don't use money, but instead interest rates as their main tool; "failed" because despite being outdated, it was influential to modern central banking). This is often brought to this kind of discussions like if economics hasn't moved beyond that. For an account of Friedman thoughts on monetary policies and his failures, see this.
4 - Why do many countries print and inflation doesn't increase there?
There is a mention about the japanese situation in the 90s (the liquidity trap) which I have addressed.
The author mentions that many countries "printed" like crazy during the pandemic, and he says:
Monetarism apologists answer, when confronted with those grave empirical problems that happen in "serious countries", that the population "trusts" their monetary authorities, even increasing the money demand in those place despite the emission. Curious, though, it's an appeal to "trust" implying that the relationship between emission and inflation is not objective, but subjective and cultural: an appreciation that abandons mechanicism and the basic certainty of monetarism, because evaluations and diagnostics, many times ideologic, contextual or historical intervene..
That's just a restatement of applying rational expectations to central bank operations. I don't see a problem with that. Rational expectations is not magic, it's an assessment of future earnings by economic actors. Humans may not 100% rational but central banking somehow works on many countries. You cannot just say that people are ideologues and let it at that. What's your model?
Worth noting the author shills for bitcoin a bit in this section, for more cringe.
5 - Are we talking of a physical science or a social science?
Again, a vague mention of rational expectations ("populists and pro market politicians could do the same policies with different results because of how agents respond ideologically and expectatives") without handling the subject meaningfully. It criticizes universal macroeconomic rules that apply everywhere (this is often used to dismiss evidence from other countries uncritically more than as a meaningful point).
6 - How limits work?
The last question to monetarism allows to recognize it something: effectively we can think on a type of vinculation between emission and inflation in extreme conditions. That means, with no monetary rule, no government has the need of taxes but instead can emit and spend all it needs without consequence. We know it's not like that: no government can print infinitely without undesirable effects.
Ok, good disclaimer, but given what he wrote before, what's the mechanism which causes money printing to be inflationary at some point? It was rejected before but now it seems that it exists. What was even the point of the article?
Now, the problem is thinking monetarism on its extremes: without emission we have inflation sometimes, on others we have no inflation with emission, we know that if we have negative emission that doesn't guarantees us negative inflation, but that if emission is radically uncontrolled there will economic effects.
As I wrote above, that's not what monetarism (even on it's simpler form) says, nor a consequence of it. You can see some deviations in low inflation environment but it's not really Argentina's current situation.
Let's add other problems: the elastic question between money and prices is not evident. Neither is time lags in which can work or be neutral. So the question is the limit cases for monetarism which has some reason but some difficulty in explaining them: by which and it what moments rules work and in which it doesn't.
I find the time lag thing to be a red herring. You can observe empirically and not having a proper short/middle run model doesn't invalidate QTOM in the long run. While it may be that increasing interest rates or freezing MB is not effective, that's less a problem of the theory and more a problem of policy implementation.
Conclusion:
I find that the article doesn't truly get monetarism to begin with (see the points it makes about emission and money demand), neither how it's implemented in practice, nor seems to be aware of more modern theories that, while put money on the background, don't necessarily invalidate it (rational expectation ideas, and eventually New Keynesian stuff which addresses stuff like liquidity traps properly).
There are proper criticisms to be made to Friedman old ideas but he still was a relevant man in his time and the economic community has moved on to new, better theories that have some debt to it. I feel most economic discussion about monetarism in Argentina is a strawman of mainstream economics or an attack on Austrians more than genuine points ("monetarism" is used as a shorthand for those who think inflation is a monetary phenomenon more than referring to Friedman and his disciples per se).
submitted by Neronoah to badeconomics [link] [comments]

[RF] were my Grandparents murderers?

As a kid we would go to upstate New York on vacation to meet up with extended family members.
My Grandparents owned a house which was passed down from their parents.
I loved playing with my cousins. The area was completely remote. You had to drive a mile down a private road to get to the house.
We went at least once a summer, but that tragically ended in the later 1980’s when two of my uncles and my nine year old cousin vanished one day.
As I recall the story, my whole extended family about 30 people were staying the weekend in the house. Some of the older kids would sleep in tents outside because there just wasn’t enough room and the kids liked camping as well.
It wasn’t uncommon for my uncle’s to look for an excuse to get drunk and pretend to hunt deer.
We were all city dwellers and none of my uncle’s really knew anything about hunting rather than put bullets in rifle; aim at deer; and shoot.
One Saturday afternoon, my two uncle’s and cousin ventured out into the woods. Typically, they would get drunk and return after a couple of hours. That Saturday, they didn’t return. I recall about supper time the adults joking that we will see them returning through those woods at anytime with no deer.
As nighttime approached and still no signs of their return, then I remembered the mood had changed and the adults started to freak out.
The adults went out searching for them. I remember being able to hear my family members yell their names through the woods.
Eventually, the police arrived and they formed a search party. They searched all night and the next day with no sign of them.
We extended our stay at the house so my parents could assist in the search.
We stayed for a week and there was still no sign of them. We went back to NYC and my dad would go back to upstate NYC every weekend to search for them.
Understandingly, we stopped going there as a vacation retreat.
Two years went bye, then five years went bye, then eventually 20 years with no bodies being found. There was nothing. No clues at all.
It really changed everything in my family. None of the adults ever seemed happy again.
Fast forward to just a few months ago, I was perusing through free horror movies on demand. You know the ones where you have to watch commercials and really weren’t good enough to be featured on say Netflix.
I read the previews for one of the movies and it was eerily similar to what happened to my uncle’s and cousin.
I decided to watch the movie and the coincidences were extremely unsettling.
There was a long road to the house, there was about the same amount of people who were at the house that Saturday, even to the smallest of details on how three of my male cousins would play on this large boulder in back of the house.
I was glued to the tv because this was literally going to explain what happened to my lost family members.
Then it eventually got to the part, where one of the locals who lived in the woods kidnapped the three of them and sadisticly killed them.
I immediately phoned my brother and in turn he contacted the rest of the family members.
Eventually, we contacted the police and they interrogated the writer of the movie.
Based on the police investigation, it was determined that the actual writer who took credit for the screenplay didn’t write the movie. He actually payed a ghostwriter through bitcoins for his ideas on Reddit.
My family and the police watched the movie for any clues on where the bodies could be.
Another search party was assembled and the bodies were found buried in the basement of a remote cabin about 10 miles from my grandparents upstate house.
The whole family was just perplexed. Who wrote the movie? Who knew all of these intimate details of our family?
The police were unable to figure out who sent the story through Reddit. The ghost writer went through great lengths to hide his computephones IP address.
My whole family went through every possible suspect including everyone in the family. Everyone agreed it couldn’t be anyone in the upstate house that day.
Then, weeks went bye and I must of watched the movie two hundred times and still no suspect.
Then one day,I was watching old home movies and something extremely sinister occurred to me.
My grandfather back in the early 1980’s would draw lines. He would draw the lines on paper, on wood with the pointed end of nails, basically on anything as a nervous tick. Then after my uncles and cousin disappeared he stopped doing it, so I completely forgot about it.
Those lines were important because I remembered seeing two of them in an indiscreet area on the inside door of the cabin.
I knew I really had to sit and think before I accused anyone of anything.
Then, I came up with a possible scenario. My grandfather told my two uncles and cousin to go to the cabin and he would meet them there. Then, when the search party went out to look for them, my grandfather went out on his own to the cabin and killed them.
My grandfather then went back to burry the bodies in the cabin.
I explained the scenario to the rest of my family and most of them agreed with me and were in shock and horror.
My grandfather was dead so he couldn’t be held accountable, but I knew the motive.
He wanted the upstate house for himself. My grandparents were the only ones who continued to visit the house after my uncles and cousin vanished.
Still the mystery remains,who actually wrote the story? My grandfather was dead when the writer of the movie received the story from the ghost writer.
I don’t think whoever wrote the story was actually involved in the plot or the actual murders. I think the ghost writer just wanted to tell what they knew.
Talking to the rest of my family, they remembered my grandfather veering off from the rest of the search party only to return hours later. They also remember my grandfather returning from one of the searches covered in sweat and dirt.
Everyone who was there that week corroborated those events regarding my grandfather and everyone agreed it was virtually impossible for anyone to have assisted my grandfather.
Also, everyone agreed that someone who was there that Saturday was the Ghostwriter. Potentially, even my grandmother, which would really be dark because there was actually bitcoins exchanged for the story.
submitted by mtp6921 to shortstories [link] [comments]

Meet Brock Pierce, the Presidential Candidate With Ties to Pedophiles Who Wants to End Human Trafficking

thedailybeast.com | Sep. 20, 2020.
The “Mighty Ducks” actor is running for president. He clears the air (sort of) to Tarpley Hitt about his ties to Jeffrey Epstein and more.
In the trailer for First Kid, the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States.
Before First Kid, the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks, before graduating to smaller parts in movies like Problem Child 3: Junior in Love. When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000.
DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three teens filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain.
While abroad, Pierce had pivoted to a new venture: Internet Gaming Entertainment, which sold virtual accessories in multiplayer online role-playing games to those desperate to pay, as one Wired reporter put it, “as much as $1,800 for an eight-piece suit of Skyshatter chain mail” rather than earn it in the games themselves. In 2005, a 25-year-old Pierce hired then-Goldman Sachs banker Steve Bannon—just before he would co-found Breitbart News. Two years later, after a World of Warcraft player sued the company for “diminishing” the fun of the game, Steve Bannon replaced Pierce as CEO.
Collins-Rector eventually pleaded guilty to eight charges of child enticement and registered as a sex offender. In the years that followed, Pierce waded into the gonzo economy of cryptocurrencies, where he overlapped more than once with Jeffrey Epstein, and counseled him on crypto. In that world, he founded Tether, a cryptocurrency that bills itself as a “stablecoin,” because its value is allegedly tied to the U.S. dollar, and the blockchain software company Block.one. Like his earlier businesses, Pierce’s crypto projects see-sawed between massive investments and curious deals. When Block.one announced a smart contract software called EOS.IO, the company raised $4 billion almost overnight, setting an all-time record before the product even launched. The Securities and Exchange Commission later fined the company $24 million for violating federal securities law. After John Oliver mocked the ordeal, calling Pierce a “sleepy, creepy cowboy,” Block.one fired him. Tether, meanwhile, is currently under investigation by the New York Attorney General for possible fraud.
On July 4, Pierce announced his candidacy for president. His campaign surrogates include a former Cambridge Analytica director and the singer Akon, who recently doubled down on developing an anonymously funded, $6 billion “Wakanda-like” metropolis in Senegal called Akon City. Pierce claims to be bipartisan, and from the 11 paragraphs on the “Policy” section of his website it can be hard to determine where he falls on the political spectrum. He supports legalizing marijuana and abolishing private prisons, but avoids the phrase “climate change.” He wants to end “human trafficking.” His proposal to end police brutality: body cams.
His political contributions tell a more one-sided story. Pierce’s sole Democratic contribution went to the short-lived congressional run of crypto candidate Brian Forde. The rest went to Republican campaigns like Marco Rubio, Rick Perry, John McCain, and the National Right to Life Political Action Committee. Last year alone, Pierce gave over $44,000 to the Republican National Committee and more than $55,000 to Trump’s re-election fund.
Pierce spoke to The Daily Beast from his tour bus and again over email. Those conversations have been combined and edited for clarity.
You’re announcing your presidential candidacy somewhat late, and historically, third-party candidates haven’t had the best luck with the executive office. If you don’t have a strong path to the White House, what do you want out of the race?
I announced on July 4, which I think is quite an auspicious date for an Independent candidate, hoping to bring independence to this country. There’s a lot of things that I can do. One is: I’m 39 years old. I turn 40 in November. So I’ve got time on my side. Whatever happens in this election cycle, I’m laying the groundwork for the future. The overall mission is to create a third major party—not another third party—a third major party in this country. I think that is what America needs most. George Washington in his closing address warned us about the threat of political parties. John Adams and the other founding fathers—their fear for our future was two political parties becoming dominant. And look at where we are. We were warned.
I believe, having studied systems, any time you have a system of two, what happens is those two things come together, like magnets. They come into collision, or they become polarized and become completely divided. I think we need to rise above partisan politics and find a path forward together. As Albert Einstein is quoted—I’m not sure the line came from him, but he’s quoted in many places—he said that the definition of insanity is making the same mistake or doing the same thing over and over and over again, expecting a different result. [Ed. note: Einstein never said this.] It feels like that’s what our election cycle is like. Half the country feels like they won, half the country feels like they lost, at least if they voted or participated.
Obviously, there’s another late-comer to the presidential race, and that’s Kanye West. He’s received a lot of flak for his candidacy, as he’s openly admitted to trying to siphon votes away from Joe Biden to ensure a Trump victory. Is that something you’re hoping to avoid or is that what you’re going for as well?
Oh no. This is a very serious campaign. Our campaign is very serious. You’ll notice I don’t say anything negative about either of the two major political candidates, because I think that’s one of the problems with our political system, instead of people getting on stage, talking about their visionary ideas, inspiring people, informing and educating, talking about problems, mentioning problems, talking about solutions, constructive criticism. That’s why I refuse to run a negative campaign. I am definitely not a spoiler. I’m into data, right? I’m a technologist. I’ve got digital DNA. So does most of our campaign team. We’ve got our finger on the pulse.
Most of my major Democratic contacts are really happy to see that we’re running in a red state like Wyoming. Kanye West’s home state is Wyoming. He’s not on the ballot in Wyoming I could say, in part, because he didn’t have Akon on his team. But I could also say that he probably didn’t want to be on the ballot in Wyoming because it’s a red state. He doesn’t want to take additional points in a state where he’s only running against Trump. But we’re on the ballot in Wyoming, and since we’re on the ballot in Wyoming I think it’s safe—more than safe, I think it’s evident—that we are not here to run as a spoiler for the benefit of Donald Trump.
In running for president, you’ve opened yourself up to be scrutinized from every angle going back to the beginning of your career. I wanted to ask you about your time at the Digital Entertainment Network. Can you tell me a little bit about how you started there? You became a vice president as a teenager. What were your qualifications and what was your job exactly?
Well, I was the co-founder. A lot of it was my idea. I had an idea that people would use the internet to watch videos, and we create content for the internet. The idea was basically YouTube and Hulu and Netflix. Anyone that was around in the ‘90s and has been around digital media since then, they all credit us as the creators of basically those ideas. I was just getting a message from the creator of The Vandals, the punk rock band, right before you called. He’s like, “Brock, looks like we’re going to get the Guinness Book of World Records for having created the first streaming television show.”
We did a lot of that stuff. We had 30 television shows. We had the top most prestigious institutions in the world as investors. The biggest names. High-net-worth investors like Terry Semel, who’s chairman and CEO of Warner Brothers, and became the CEO of Yahoo. I did all sorts of things. I helped sell $150,000 worth of advertising contracts to the CEOs of Pepsi and everything else. I was the face of the company, meeting all the major banks and everything else, selling the vision of what the future was.
You moved in with Marc Collins-Rector and Chad Shackley at a mansion in Encino. Was that the headquarters of the business?
All start-ups, they normally start out in your home. Because it’s just you. The company was first started out of Marc’s house, and it was probably there for the first two or three months, before the company got an office. That’s, like, how it is for all start-ups.
were later a co-defendant in the L.A. County case filed against Marc Collins-Rector for plying minors with alcohol and drugs, in order to facilitate sexual abuse. You were dropped from the case, but you settled with one of the men for $21,600. Can you explain that?
Okay, well, first of all, that’s not accurate. Two of the plaintiffs in that case asked me if I would be a plaintiff. Because I refused to be a part of the lawsuit, they chose to include me to discredit me, to make their case stronger. They also went and offered 50 percent of what they got to the house management—they went around and offered money to anyone to participate in this. They needed people to corroborate their story. Eventually, because I refused to participate in the lawsuit, they named me. Subsequently, all three of the plaintiffs apologized to me, in front of audiences, in front of many people, saying Brock never did anything. They dismissed their cases.
Remember, this is a civil thing. I’ve never been charged with a crime in my life. And the last plaintiff to have his case dismissed, he contacted his lawyer and said, “Dismiss this case against Brock. Brock never did anything. I just apologized. Dismiss his case.” And the lawyer said, “No. I won’t dismiss this case, I have all these out-of-pocket expenses, I refuse to file the paperwork unless you give me my out-of-pocket expenses.” And so the lawyer, I guess, had $21,000 in bills. So I paid his lawyer $21,000—not him, it was not a settlement. That was a payment to his lawyer for his out-of-pocket expenses. Out-of-pocket expenses so that he would file the paperwork to dismiss the case.
You’ve said the cases were unfounded, and the plaintiffs eventually apologized. But your boss, Marc Collins-Rector later pleaded guilty to eight charges of child enticement and registered as a sex offender. Were you aware of his behavior? How do you square the fact that later allegations proved to be true, but these ones were not?
Well, remember: I was 16 and 17 years old at the time? So, no. I don’t think Marc is the man they made him out to be. But Marc is not a person I would associate with today, and someone I haven’t associated with in a very long time. I was 16 and 17. I chose the wrong business partner. You live and you learn.
You’ve pointed out that you were underage when most of these allegations were said to take place. Did you ever feel like you were coerced or in over your head while working at DEN?
I mean, I was working 18 hours a day, doing things I’d never done before. It was business school. But I definitely learned a lot in building that company. We raised $88 million. We filed our [form] S-1 to go public. We were the hottest start-up in Los Angeles.
In 2000, you left the country with Marc Collins-Rector. Why did you leave? How did you spend those two years abroad?
I moved to Spain in 1999 for personal reasons. I spent those two years in Europe working on developing my businesses.
Interpol found you in 2002. The house where you were staying reportedly contained guns, machetes, and child pornography. Whose guns and child porn were those? Were you aware they were in the house, and how did those get there?
My lawyers have addressed this in 32 pages of documentation showing a complete absence of wrongdoing. Please refer to my webpage for more information.
[Ed. Note: The webpage does not mention guns, machetes, or child pornography. It does state:“It is true that when the local police arrested Collins-Rector in Spain in 2002 on an international warrant, Mr. Pierce was also taken into custody, but so was everyone at Collins-Rector’s house in Spain; and it is equally clear that Brock was promptly released, and no charges of any kind were ever filed against Brock concerning this matter.”]
What do you make of the allegations against Bryan Singer? [Ed. Note: Bryan Singer, a close friend of Collins-Rector, invested at least $50,000 in DEN. In an Atlantic article outlining Singer’s history of alleged sexual assault and statutory rape, one source claimed that at age 15, Collins-Rector abused him and introduced him to Singer, who then assaulted him in the DEN headquarters.]
I am aware of them and I support of all victims of sexual assault. I will let America’s justice system decide on Singer’s outcome.
In 2011, you spoke at the Mindshift conference supported by Jeffrey Epstein. At that point, he had already been convicted of soliciting prostitution from a minor. Why did you agree to speak?
I had never heard of Jeffrey Epstein. His name was not on the website. I was asked to speak at a conference alongside Nobel Prize winners. It was not a cryptocurrency conference, it was filled with Nobel Prize winners. I was asked to speak alongside Nobel Prize winners on the future of money. I speak at conferences historically, two to three times a week. I was like, “Nobel Prize winners? Sounds great. I’ll happily talk about the future of money with them.” I had no idea who Jeffrey Epstein was. His name was not listed anywhere on the website. Had I known what I know now? I clearly would have never spoken there. But I spoke at a conference that he cosponsored.
What’s your connection to the Clinton Global Initiative? Did you hear about it through Jeffrey Epstein?
I joined the Clinton Global Initiative as a philanthropist in 2006 and was a member for one year. My involvement with the Initiative had no connection to Jeffrey Epstein whatsoever.
You’ve launched your campaign in Minnesota, where George Floyd was killed by a police officer. How do you feel about the civil uprising against police brutality?
I’m from Minnesota. Born and raised. We just had a press conference there, announcing that we’re on the ballot. Former U.S. Senator Dean Barkley was there. So that tells you, when former U.S. Senators are endorsing the candidate, right?
[Ed. note: Barkley was never elected to the United States Senate. In November of 2002, he was appointed by then Minnesota Governor Jesse Venture to fill the seat after Sen. Paul Wellstone died in a plane crash. Barkley’s term ended on Jan. 3, 2003—two months later.]
Yes, George Floyd was murdered in Minneapolis. My vice-presidential running mate Karla Ballard and I, on our last trip to Minnesota together, went to visit the George Floyd Memorial. I believe in law and order. I believe that law and order is foundational to any functioning society. But there is no doubt in my mind that we need reform. These types of events—this is not an isolated incident. This has happened many times before. It’s time for change. We have a lot of detail around policy on this issue that we will be publishing next week. Not just high-level what we think, not just a summary, but detailed policy.
You said that you support “law and order.” What does that mean?
“Law and order” means creating a fair and just legal system where our number one priority is protecting the inalienable rights of “Life, Liberty and the pursuit of Happiness” for all people. This means reforming how our police intervene in emergency situations, abolishing private prisons that incentivize mass incarceration, and creating new educational and economic opportunities for our most vulnerable communities. I am dedicated to preventing crime by eliminating the socioeconomic conditions that encourage it.
I support accountability and transparency in government and law enforcement. Some of the key policies I support are requiring body-cams on all law enforcement officers who engage with the public, curtailing the 1033 program that provides local law enforcement agencies with access to military equipment, and abolishing private prisons. Rather than simply defund the police, my administration will take a holistic approach to heal and unite America by ending mass incarceration, police brutality, and racial injustice.
Did you attend any Black Lives Matter protests?
I support all movements aimed at ending racial injustice and inequality. I​ have not attended any Black Lives Matter protests.​ My running-mate, Karla Ballard, attended the March on Washington in support of racial justice and equality.
Your platform doesn’t mention the words “climate change.” Is there a reason for that?
I’m not sure what you mean. Our policy platform specifically references human-caused climate change and we have a plan to restabilize the climate, address environmental degradation, and ensure environmental sustainability.
[Ed. Note: As of writing the Pierce campaign’s policy platform does not specifically reference human-caused climate change.]
You’ve recently brought on Akon as a campaign surrogate. How did that happen? Tell me about that.
Akon and I have been friends for quite some time. I was one of the guys that taught him about Bitcoin. I helped make some videogames for him, I think in 2012. We were talking about Bitcoin, teaching him the ropes, back in 2013. And in 2014, we were both speaking at the Milken Global Conference, and I encouraged him to talk about how Bitcoin, Africa, changed the world. He became the biggest celebrity in the world, talking about Bitcoin at the time. I’m an adviser to his Akoin project, very interested in the work that he’s doing to build a city in Africa.
I think we need a government that’s of, for, and by the people. Akon has huge political aspirations. He obviously was a hugely successful artist. But he also discovered artists like Lady Gaga. So not only is he, himself, a great artist, but he’s also a great identifier and builder of other artists. And he’s been a great businessman, philanthropist. He’s pushing the limits of what can be done. We’re like-minded individuals in that regard. I think he’ll be running for political office one day, because he sees what I see: that we need real change, and we need a government that is of, for, and by the people.
You mentioned that you’re an adviser on Akoin. Do you have any financial investments in Akoin or Akon City?
I don’t believe so. I’d have to check. I have so much stuff. But I don’t believe that I have any economic interests in his stuff. I’d have to verify that. We’ll get back to you. I don’t believe that I have any economic interests. My interest is in helping him. He’s a visionary with big ideas that wants to help things in the world. If I can be of assistance in helping him make the world a better place, I’m all for it. I’m not motivated by money. I’m not running for office because I’m motivated by power. I’m running for office because I’m deeply, deeply concerned about our collective future.
You’ve said you’re running on a pro-technology platform. One week into your campaign last month, a New York appeals court approved the state Attorney General’s attempt to investigate the stablecoin Tether for potentially fraudulent activity. Do you think this will impact your ability to sell people on your tech entrepreneurship?
No, I think my role in Tether is as awesome as it gets. It was my idea. I put it together. But I’ve had no involvement in the company since 2015. I gave all of my equity to the other shareholders. I’ve had zero involvement in the company for almost six years. It was just my idea. I put the initial team together. But I think Tether is one of the most important innovations in the world, certainly. The idea is, I digitized the U.S. dollar. I used technology to digitize currency—existing currency. The U.S. dollar in particular. It’s doing $10 trillion a year. Ten trillion dollars a year of transactional volume. It’s probably the most important innovation in currency since the advent of fiat money. The people that took on the business and ran the business in years to come, they’ve done things I’m not proud of. I’m not sure they’ve done anything criminal. But they certainly did things differently than I would do. But it’s like, you have kids, they turn 18, they go out into the world, and sometimes you’re proud of the things they do, and sometimes you shake your head and go, “Ugh, why did you do that?” I have zero concerns as it relates to me personally. I wish they made better decisions.
What do you think the investigation will find?
I have no idea. The problem that was raised is that there was a $5 million loan between two entities and whether or not they had the right to do that, did they disclose it correctly. There’s been no accusations of, like, embezzlement or anything that bad.
[Ed. Note: The Attorney General’s press release on the investigation reads: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds.”]
But there’s been some disclosure things, that is the issue. No one is making any outrageous claims that these are people that have done a bunch of bad—well, on the internet, the media has said that the people behind the business may have been manipulating the price of Bitcoin, but I don’t think that has anything to do with the New York investigation. Again, I’m so not involved, and so not at risk, that I’m not even up to speed on the details.
[Ed note: A representative of the New York State Attorney General told Forbes that he “cannot confirm or deny that the investigation” includes Pierce.]
We’ve recently witnessed the rise of QAnon, the conspiracy theory that Hollywood is an evil cabal of Satanic pedophiles and Trump is the person waging war on them. You mentioned human trafficking, which has become a cause for them. What are your thoughts on that?
I’ve watched some of the content. I think it’s an interesting phenomenon. I’m an internet person, so Anonymous is obviously an organization that has been doing interesting stuff. It’s interesting. I don’t have a big—conspiracy theory stuff is—I guess I have a question for you: What do you think of all of it, since you’re the expert?
You know, I think it’s not true, but I’m not running for president. I do wonder what this politician [Georgia congressional candidate Marjorie Taylor Greene], who’s just won her primary, is going to do on day one, once she finds out there’s no satanic cabal room.
Wait, someone was running for office and won on a QAnon platform, saying that Hollywood did—say what? You’re the expert here.
She won a primary. But I want to push on if we only have a few minutes. In 2006, your gaming company IGE brought on Steve Bannon as an investor. Goldman later bought out most of your stock. Bannon eventually replaced you as CEO of Affinity. You’ve described him as your “right-hand man for, like, seven years.” How well did you know Bannon during that time?
Yes, so this is in my mid-twenties. He wasn’t an investor. He worked for me. He was my banker. He worked for me for three years as my yield guide. And then he was my CEO running the company for another four years. So I haven’t worked with Steve for a decade or so. We worked in videogame stuff and banking. He was at Goldman Sachs. He was not in the political area at the time. But he was a pretty successful banker. He set up Goldman Sachs Los Angeles. So for me, I’d say he did a pretty good job.
During your business relationship, Steve Bannon founded Breitbart News, which has pretty consistently published racist material. How do you feel about Breitbart?
I had no involvement with Breitbart News. As for how I feel about such material, I’m not pleased by any form of hate-mongering. I strongly support the equality of all Americans.
Did you have qualms about Bannon’s role in the 2016 election?
Bannon’s role in the Trump campaign got me to pay closer attention to what he was doing but that’s about it. Whenever you find out that one of your former employees has taken on a role like that, you pay attention.
Bannon served on the board of Cambridge Analytica. A staffer on your campaign, Brittany Kaiser, also served as a business director for them. What are your thoughts on their use of illicitly-obtained Facebook data for campaign promotional material?
Yes, so this will be the last question I can answer because I’ve got to be off for this 5:00 pm. But Brittany Kaiser is a friend of mine. She was the whistleblower of Cambridge Analytica. She came to me and said, “What do I do?” And I said, “Tell the truth. The truth will set you free.”
[Ed. Note: Investigations in Cambridge Analytica took place as early as Nov. 2017, when a U.K. reporter at Channel 4 News recorded their CEO boasting about using “beautiful Ukranian girls” and offers of bribes to discredit political officials. The first whistleblower was Christopher Wylie, who disclosed a cache of documents to The Guardian, published on Mar. 17, 2018. Kaiser’s confession ran five days later, after the scandal made national news. Her association with Cambridge Analytica is not mentioned anywhere on Pierce’s campaign website.]
So I’m glad that people—I’m a supporter of whistleblowers, people that see injustice in the world and something not right happening, and who put themselves in harm’s way to stand up for what they believe in. So I stand up for Brittany Kaiser.
Who do you think [anonymous inventor of Bitcoin] Satoshi Nakamoto is?
We all are Satoshi Nakamoto.
You got married at Burning Man. Have you been attending virtual Burning Man?
I’m running a presidential campaign. So, while I was there in spirit, unfortunately my schedule did not permit me to attend.
OP note: please refer to the original article for reference links within text (as I've not added them here!)
submitted by Leather_Term to Epstein [link] [comments]

Just Realized (Late) that Tech Stocks are the New Bitcoin

Feel free to delete the thread, you can just consider it the deranged musings of a business owner scratching his head.
During the rise of Bitcoin, I kept asking those who were all-in to explain to me the value proposition of Cryptocurrency. I get that it was a form of decentralized and deregulated flow of money and I also understand the benefits of blockchain technology.
All of the reasons for Bitcoins value were justifications for why the price should be as high as it was. At the end of the day, nobody cared about the underlying value they chased the price up and created a huge market, while all the old boys were told to go and sit in the corner with their boomer talk of bubbles.

TSLA I realized yesterday watching highlights of the battery day presentation that people aren't buying Tesla, they are buying TSLA as if it was a crypto-currency, just the four letters on a stock trading platform, there is almost no evidence to support the current price. In a couple of threads lately I have spoken about the market cap of Tesla being double Toyota, while Tesla aims to produce 5% as many cars as Toyota next year, which inevitably leads to "It's not a car company bro". But it is a manufacturing company and there is no way it can sustain it's share price and drag the earnings ratio below 100. Truth of the matter is, nobody cares.

NKLA Have vaguely ridden off the coat tails of Tesla and delivered nothing, put a concreter in as a senior manager, then the CEO and major stock holder has left and the price still hasn't collapsed.

AAPL I don't really even understand the hype for Apple, it is a company with a mature market base, no innovation and overpaid for beats because they don't know what the Public wants any more, yet people will speculate wildly on the share price.

In addition to retail investors buying thousands of dollars of options like they were at the greyhound track, we have effectively zero interest rates. This means the large institutional investors can borrow enough money at almost zero interest and make plays large enough to influence the price of the stock, creating their own profits.
All I am saying is that when the market is this hot and operating completely independent of earnings and economic factors, it reminds me of when a bushfire creates it's own weather. These stocks are being purchased and sold based on nothing. (I mean more than usual)
There's a hell of a lot of money to be made in this volatile cycle, but most of the people playing will end up with empty bags at the end.
submitted by CHR1ST00 to investing [link] [comments]

Mainnet project: an important change. If you are a donor, please read.

Hi everybody.
It has been one week since the mainnet project got the funding and I have an important update to make.
A little bit about the progress: I've found a wonderful developer, who is helping with the library, so it is starting to take some shape. I'm ironing out our REST API, got some useful feedback, continuing to do so. About 0.17% of the total funding spent so far.
The important update though is that I have decided to take the development and spending private, instead of public. Before I explain what that means and why, I understand that it might upset some donors. So, if you have pledged any amount and disagree with my change for any reason - please contact me (DM, or [email protected]) and I'll refund your pledge completely, no questions asked.
(Please sign any message using the address that you used to prove that you sent the funds, see the list of donors here to find your pledge and the link the the funding donation to find which address you sent from).
If more than 50% of pledges ask for money back, I'll just return everything to everybody in full and we'll consider the project cancelled. At that point anyone willing to take on the project (via a new Flipstarter or something), I'll donate the domain to them. Everything that is done so far is MIT licensed, so anyone is free to take it at any moment.
Let the market decide!
I've got to tell you that I'm a bit disappointed with our progress so far. I expected a lot of people willing to earn some money, but I've got only 4 relevant developers, 3 of them passed a very simple test, only one is actually doing anything.
This was not expected by me, when I had promised to work publicly and with BCH developers.
Another problem is that I have a certain vision that I described in the project description. In addition to that vision there is also a lot of experience talking to read.cash users. A lot of them are in countries with very bad Internet (2G, few kilobytes per second), using very old Android phones (10+ years, the size of an iPhone 4 and the speed half of that of iPhone 4).. And I also really hope that someday we will have 100MB blocks, 1GB, 1TB blocks. But now I'm tied in arguments with BCH developers who argue that many current solutions are good enough already and we don't need to change them - just build on top of a few convoluted and complex protocols, just download a block when needed (again, Africa, 2G, 100MB blocks), just download 640,000 block headers, listen to the whole mempool (with 1TB block we'll have 1TB mempool) - it's fine, blocks are tiny... Just send a few queries (now)... Just download a mempool fully.
(To those of you that know what this is about, please don't name names, I'm not here to play the blame game, everybody is entitled to their own opinions. It's fine.)
If your wallet becomes too big - create a new one. It's fine.
Sidenote: my read.cash wallet that gets the fees takes a few hours to open now, and it's barely 9 months old! I find current solutions unacceptable, I want my wallet to open up immediately and handle 100MB blocks as well as 60KB blocks.
I don't want to develop for tiny blocks or tiny wallets that need to be changed every few months.. I want huge blocks! I don't want mainnet to be as brittle as to break at the first sight of success.
A few of these discussions got me really tired and I have no leverage on these guys. They have money now, they have their vision, I have mine, described on the site, they don't want to do it my way. I didn't collect the funds to do it their way.
Yet I have made a commitment to work with them.
This is very tiresome. I feel like I've got myself into a trap - I have to work with these people, they don't want to work on my stuff.
This is just stupid.
One more thing is that now that I have Slack - I'm caught in endless private discussions of people trying to sell me their vision of how stuff should be done or questions about me or read.cash... I didn't sign up for that, I barely have any time to do the work, I don't have time for this, sorry.
Change #1: Private development
Having said that, I'm moving the project to private development.
Frankly, all I care about is to get this project done. I added an additional burden on myself to be do the public development. And it's tiresome.
The plan would be to hire some outside developers, using regular contracts, so that they don't have THEIR ideas on how to do the project and they'll just do what I described.
I think everybody cares about the end result - library working, document being written, etc...
Change #2: Private spending
Hired developers also means salaries. When people (in the real world) know salaries of other people, it leads to conflicts. I went through this experiment (public salaries) once in my life, I won't go through that again. Even people knowing your budget become a problem, since they start to bargain with you. (Again, we're talking about outside developers, they are not interested in BCH success, they are interested in getting as much money as possible)
By private spending I mean that I'll post periodically how much is done and how much funds is approximately left, but no details on who got what for what. Right now there's 99.83% funds left.
Some of you might see it as a money grab or something else - I can't blame you, but I'd rather see this project cancelled by market forces than drown in endless fights about why we should do exactly nothing or their idea, hope for small blocks and use what we have no matter how convoluted or hard it is, or why somebody's hourly rate should be bigger than that guy's.
Will this lead to everyone cancelling their donations? It sure could! It's voluntary funding after all, I can't force anyone to love what I do or how I do it.
If you donated and want a refund to your original address - just ping me.
When this post is 48 hours old, if more than 50% pledges remain, the project will move on as described above. If 50%+ cancels - everybody gets refunds to their original addresses.
submitted by readcash to btc [link] [comments]

What is Digital Banking?

What is Digital Banking?
Digital banking is at the core of today’s financial system. However, this wasn’t always the case. Banking has come along way, from going to your local teller and requesting funds, all the way to keeping your crypto insured and safe. Nowadays, nearly every bank offers some form of digital banking to its customers.
What is Digital Banking?
Digital banking sometimes referred to as e-banking slowly emerged over the last few decades. Importantly, digital banking portals allow banks to provide customers with access to traditional banking services via their PC or smart device. These services save customers and the bank time and money. Consequently, they are more popular than ever.

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The History of Digital Banking
The earliest forms of digital banking emerged in the 1960s. It was at this time the world began to see the first ATMs and debit cards introduced. These products were revolutionary for a couple of reasons. For one, for the first time in history, banking customers could access their funds 24/7. Remember, up until this point, you needed to go down to your local branch to withdraw or deposit funds. Depending on where you lived, this process could take considerable time.
The introduction of the internet changed digital banking forever. At first, banks relied on the internet for internal functionalities such as monitoring accounts or fund transfers. However, by the late 1990s, banks began offering services such as balance updates and fund transfers directly from the digital banking portal. By this point, digital banking was on its way to becoming a major trend.
In less than a decade, the internet saw a huge expansion in capabilities. The added data transmission and improved computer manufacturing techniques led to the creation of Smartphones. Today, it’s hard to imagine life without your smartphone. These handy pocket PCs enabled banks to offer a full suite of products from their portals.

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Consequently, a host of new services emerged because of the availability of smartphones. Features such as photo check cashing began to emerge in the market place. This feature allows clients to deposit checks by taking a picture on their cell phone via their banking app.
Given all of the advantages digital banking brings to the sector, it’s easy to see why today, every bank offers some form of digital banking to its clients. Both clients and banks have much to gain from this hi-tech integration.
Digital Banking Benefits
Digital banking is far more convenient for both NEEbank and customers. Customers save valuable time and resources by not having to go to a physical location. Additionally, their transactions are more secure because they don’t require the client to travel with funds in hand.
Importantly, the push for digital banking came mostly from the bankers. Banks gain huge amounts of flexibility and savings via e-banking portals. The money saved on infrastructure can go to further development of their online interfaces. Online banking eliminates much of the hiring, security, rent, and random customer needs such as deposit slips from the banking business model.
Digital Banking vs Online Banking
The field of e-banking has led to major evolutions within the financial sector. Originally, e-banking portals existed to help supplement brick and mortar banks. Today, that’s not the case as more online-only banks emerge.

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Over the last five years, Online-only banks have become a major trend in the market. These firms possess no physical location. As such, clients can conduct all transactions via their PC or smartphone. In most instances, these bank’s client base stretches across the country.
Benefits of e-Banking
As more digital banks appear in the market, it’s important to understand the benefits they introduce. Digital banks are able to be more flexible in who they provide services to, and how they acquire clients. Additionally, studies have shown that customers prefer banks with digital banking portals over their traditional counterparts.

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Easier to Join
The integration of KYC and AML protocols into online banking onboarding changed everything. Now, banks could gain new clients, while remaining compliant, via their online portal. To accomplish this monumental tasks, e-banking onboarding procedures include ID verification systems. Here potential clients must provide a large number of documents, such as ID Proofs, employment proof, address, etc.
Smartphones allow clients to provide these documents in pristine digital quality. Importantly, the digital banking platform automatically extrapolates and processes the relevant data via preprogrammed protocols. This strategy saves the bank and customer valuable time.
Discussing the evolution, Nnamdi Azodo of ALAT Digital Bank spoke on the importance of streamlining the banking sector. He described e-banking as the “application of technology to every banking activity.” Azodo explained that digital banking is the future of banking and that to remain competitive, all banks must embrace these upgrades.
24 Hour Banking
One of the biggest upgrades digital banking brings to the sector is accessibility. Remember, before the dawn of e-banking, you had to go down to your local branch. While in some instances, such as requesting a loan, a personal approach may be what you desire, in most instances, such as a deposit, there is no benefit to in-person transactions.
Digital banking allows you to access your account information and market transactions 24-hours a day and across the globe. This international accessibility helped to push the global economy forward. Now, digital banking is at the core of our global financial system.
Cost Savings
In the old days, banks spent large portions of their earnings on processes such as verification and accounting. Thankfully, computers removed much of this workload for banks. Today, automation plays a critical role in modern banking systems. Automation saves banks money and time when conduction the most common transactions.
Digitization reduces the steps involved in transactions, it also reduces the staff required. Digital banks save a ton on employee and upkeep costs. These costs can then be passed down to customers. These savings are part of the reason why digital banks continue to see widespread adoption globally.
Blockchain Technology
The advent of blockchain technology has pushed digital banking to new heights. Blockchain technology provides banks with a more efficient and transparent alternative to the status quo. This revolutionary technology allows banks to eliminate many of the third-party verification systems currently in place. Consequently, it provides banks with huge cost savings and a more secure platform to conduct transactions within.

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Crypto Digital Banks
Aside from ushering in a new era of efficiency, blockchain tech also introduced the world to cryptocurrencies. Cryptocurrencies such as Bitcoin continue to draw investor interests. Consequently, the emergence of these new financial instruments has created a unique opportunity within the e-banking sector — crypto banks.

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Cryptocurrency digital banks provide traditional banking services to crypto clients such as service providers, investors, or exchanges. For example, a crypto bank allows you to store, save, spend, and transfer cryptocurrencies from the banking portal. This style of banking has grown in popularity over the last five years in tandem with the growth of cryptocurrency use.
Digital Banking — Banking for the World
A new trend in the market is the use of AI to streamline banking processes. Advanced AI algorithms are able to determine the eligibility and qualifications of clients automatically. For example, the online loan you applied for last week may never go in front of a real human. Instead, a bank’s AI system will determine your eligibility for the funding using a set of pre-programmed criteria.

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Digital Banking continues to see growth within the financial sector. Importantly, a multitude of major banking institutions diverted funds from the creation of new branches into e-banking platform upgrades recently. You can expect this trend to continue as the digitization of the market expands. For now, a digital bank could be the perfect solution to all of your banking needs during the coronavirus pandemic.
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Describe A 5 Year Old To F1 - YouTube

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