Bitcoin ATM Bitcoin.com

Friend is investing in one of those large Ice vending machines. Wants me to set him up for accepting Bitcoin. What are the best POS systems for this?

I'm looking for simple and reliable point-of-sale software that has bitcoin integration built in. Keep in mind this is a stand-alone system for a vending machine not a store, there will not be a merchant operating it. He wants the option of both accepting Bitcoin directly, as well as receiving dollars for a fee, like Bitpay's service. Does anyone know the best way to accomplish this?
submitted by FreeToEvolve to Bitcoin [link] [comments]

Had some thoughts on economics.

This is how I've been doing things in my Digital Perdition chronicle / narrative for Shadowrun for years. If this is useful, feel free to steal it.
I assume this probably isn't a new idea, but in my world, Nuyen is a form of cryptocurrency, like bitcoin or ethereum. It's also a "smart" currency, in that it can autonomously do things, all by itself. Any "nuyen app" on any comlink can, with a very simple user-facing interface, create things like escrows, trusts, provisional holdings, task verified transactions, etc. As long as the system can autonomously verify the information some how in the outside world, it can interact with it. (This also means the system is somewhat fallible and can be hacked / spoofed / fooled, which can lead to interesting emergent narratives / plots all on its own).
The fact that it's a cryptocurrency also informs the logic of what happens if Nuyen is copied. Ordinarily, this doesn't happen, and "naked nuyen" (nucoin outside of a wallet app or not encrypted on a credstick) is very suspicious, and if you're going to accept it, you need to be able to verrify it in real time, like right now, and transfer it to your account before you leave this dark alley / a abandoned warehouse transaction, or not accept it at all if you don't have signal. But if you do some how manage to clone some Nuyen, then just like crypto, and there's two of the exact same nucoin, then it's whoever syncs it to their account first. The other is considered the forgery. So that can create a "race against the clock" scenario if two opposing forces have the bag, the same bag, and need to get back to civilization before the other guy does. (This might not even come up in your games, but I play in a lot of areas like, in the middle of the ocean, pirates and atolls, as well as extremely rural northern Canada, South American jungles, and sub-Saharian Africa, exploring ancient blood mage / cultist desert ruins, etc, so often, "spotty signal" is an environmental hurdle / plot point.)
We also have "credcoins" in addition to regular old credsticks.
A "credcoin" is basically like an SD card, but with a poker-chip style plastic housing around it, to make it more handleable. The chip holds the actual encrypted nucoin (like a credstick) so they're not naked nuyen (see above), but they've also got an optical code, like a QR code, printed on them. They can be used in vending machines in 3rd world areas where signal might be spotty, or traded in physical transactions.
The way they work, is that we've written into the narrative that a certain block of numbers in the "nuyen hash" of each nucoin, maybe like the last five digits or something, who knows, but that there's a world wide industry standard number to indicate that these nuyen are dedicated for physical use. Sort of like how some IP addresses are reserved for localhost or LAN. If any system, any wallet app, sees these digits, it wont let them be "deposited". Only a physical bank can do it. This prevents someone from just scanning a credcoin, depositing the nuyen, and now the coins still look valid, but are useless. If you wanted to "deposit" them, you'd take them to a bank, they would scan them and verify, add them to your account, and remove those coins from circulation immediately by physically destroying them (or feeding them into a hopper to be able to 3d print new ones). They'd also charge you a fee for the overhead of the cost of actually producing currency, sort of like those CoinStar machines at Walmart that charge you a fee for counting all your change.
Speaking of counting change... That there's an optical code on credcoins makes that easy, too. Anyone with AR (augmented reality -- so basically, anyone, even if it's only through a hand held comlink screen, but usually AR contact lenses, glasses, goggles, or cybereyes) can just look at a credcoin and immediately know how much it is. You can also dump them out on the table, stand back so you get them all in frame, and just see a total for how much the value of all of them are. Each credcoin already has an ARO, but if there's a shit load of them together in close proximity, the AROs just merge together into a single one so as not to be "spammy". If you want to block the AROs, you can store your credcoins in signal blocking bags, containers, or metal coin rolls. Credcoins are also slightly different sizes and colors to tell the denomination at a glance, as well.
Anyway, I hope some of those ideas are useful for your games. :)
submitted by Cronyx to Shadowrun [link] [comments]

A smarter Wisdom Chian is coming

A smarter Wisdom Chian is coming
Foreword: A recent Wisdom Chain announcement indicated that the Prometheus upgrade was completed and the Ocean Network was officially launched.Simply put, Wisdom Chian combines smart contracts to make Wisdom Chian more flexible and intelligent. Today we'll look at the smarter Wisdom Chian.
What is the smart contract?
The term smart contract dates back at least to 1995 and was coined by Nick Szabo, a prolific cross-disciplinary legal scientist.
The so-called "contract" records the conditions that occur and the corresponding terms of execution to support actions such as affirmation of rights; the so-called "smart" means automation and programmability.
Therefore, a smart contract is a programmable contract, which can also be interpreted as an automatically executed clause contract. In a computer, it is an automatically executed program fragment.It is easier to save the contract, and runs by a deterministic algorithm. Given the input, the corresponding output is obtained, which greatly guarantees the execution of the contract.
How does a smart contract work?
Many block chain networks use smart contract functions similar to vending machines.Analogue between smart contract and vending machine: If you transfer a bitcoin or other encrypted currency to the vending machine (similar to ledger), it will automatically perform the obligations agreed upon by both parties once the input meets the requirements of the smart contract code.
For example, "If A completes Task 1, then payments from B are transferred to A."Through such protocols, smart contracts allow various asset transactions, and each contract is copied and stored in a distributed book.In this way, no information can be tampered with or destroyed, and Data Encryption ensures complete anonymity between participants.
While smart contracts can only be used with the assets of the digital ecosystem, many applications are actively exploring the world outside of digital currency, attempting to connect the "real" world to the "digital" world.
Smart contracts are written and operated logically.As long as the input requirements are met, that is, as long as the code writing requirements are met, the contractual obligations will be enforced in a secure and de-centralized network.
Smart Contracts and Wisdom Chian
From a performance point of view, Wisdom Chian uses a lightweight WDC VM (WDC Virtual Machine) as the execution environment for its smart contracts. It starts very fast, takes little resources, and centralizes the instructions of the WDC virtual machines, providing a series of cryptographic instructions to optimize the execution efficiency when cryptographic algorithms are used in smart contracts.In addition, data manipulation instructions directly support arrays and complex data structures.These will improve the performance of WDC smart contracts.
Languages supported by Wisdom Chian Smart Contracts
The Wisdom Chain smart contract is a virtual machine based on WebAssembly byte codes, so the language supported is AssemblyScript, which will be supported later on: C#,VB.Net, F#, Java, KotlinPython.C, C++, GO, JavaScript, etc.
Supported by multiple high-level languages, more than 90% of developers can participate in the development of Wisdom Chain smart contracts without learning a new language, or even migrate code from existing business systems directly to the block chain.This will greatly increase the overall popularity of Wisdom Chain.
submitted by Wisdom_Chain to u/Wisdom_Chain [link] [comments]

A smarter Wisdom Chain is coming

Foreword: A recent Wisdom Chain announcement indicated that the Prometheus upgrade was completed and the Ocean Network was officially launched.Simply put, Wisdom Chian combines smart contracts to make Wisdom Chian more flexible and intelligent. Today we'll look at the smarter Wisdom Chian.
What is the smart contract?
The term smart contract dates back at least to 1995 and was coined by Nick Szabo, a prolific cross-disciplinary legal scientist.
The so-called "contract" records the conditions that occur and the corresponding terms of execution to support actions such as affirmation of rights; the so-called "smart" means automation and programmability.
Therefore, a smart contract is a programmable contract, which can also be interpreted as an automatically executed clause contract. In a computer, it is an automatically executed program fragment.It is easier to save the contract, and runs by a deterministic algorithm. Given the input, the corresponding output is obtained, which greatly guarantees the execution of the contract.
How does a smart contract work?
Many block chain networks use smart contract functions similar to vending machines.Analogue between smart contract and vending machine: If you transfer a bitcoin or other encrypted currency to the vending machine (similar to ledger), it will automatically perform the obligations agreed upon by both parties once the input meets the requirements of the smart contract code.
For example, "If A completes Task 1, then payments from B are transferred to A."Through such protocols, smart contracts allow various asset transactions, and each contract is copied and stored in a distributed book.In this way, no information can be tampered with or destroyed, and Data Encryption ensures complete anonymity between participants.
While smart contracts can only be used with the assets of the digital ecosystem, many applications are actively exploring the world outside of digital currency, attempting to connect the "real" world to the "digital" world.
Smart contracts are written and operated logically.As long as the input requirements are met, that is, as long as the code writing requirements are met, the contractual obligations will be enforced in a secure and de-centralized network.
Smart Contracts and Wisdom Chian
From a performance point of view, Wisdom Chian uses a lightweight WDC VM (WDC Virtual Machine) as the execution environment for its smart contracts. It starts very fast, takes little resources, and centralizes the instructions of the WDC virtual machines, providing a series of cryptographic instructions to optimize the execution efficiency when cryptographic algorithms are used in smart contracts.In addition, data manipulation instructions directly support arrays and complex data structures.These will improve the performance of WDC smart contracts.
Languages supported by Wisdom Chian Smart Contracts
The Wisdom Chain smart contract is a virtual machine based on WebAssembly byte codes, so the language supported is AssemblyScript, which will be supported later on: C#,VB.Net, F#, Java, KotlinPython.C, C++, GO, JavaScript, etc.
Supported by multiple high-level languages, more than 90% of developers can participate in the development of Wisdom Chain smart contracts without learning a new language, or even migrate code from existing business systems directly to the block chain.This will greatly increase the overall popularity of Wisdom Chain.
submitted by Frosty_Gene_7770 to u/Frosty_Gene_7770 [link] [comments]

A smarter Wisdom Chian is coming


Foreword: A recent Wisdom Chain announcement indicated that the Prometheus upgrade was completed and the Ocean Network was officially launched.Simply put, Wisdom Chian combines smart contracts to make Wisdom Chian more flexible and intelligent. Today we'll look at the smarter Wisdom Chian.
What is the smart contract?
The term smart contract dates back at least to 1995 and was coined by Nick Szabo, a prolific cross-disciplinary legal scientist.
The so-called "contract" records the conditions that occur and the corresponding terms of execution to support actions such as affirmation of rights; the so-called "smart" means automation and programmability.
Therefore, a smart contract is a programmable contract, which can also be interpreted as an automatically executed clause contract. In a computer, it is an automatically executed program fragment.It is easier to save the contract, and runs by a deterministic algorithm. Given the input, the corresponding output is obtained, which greatly guarantees the execution of the contract.
How does a smart contract work?
Many block chain networks use smart contract functions similar to vending machines.Analogue between smart contract and vending machine: If you transfer a bitcoin or other encrypted currency to the vending machine (similar to ledger), it will automatically perform the obligations agreed upon by both parties once the input meets the requirements of the smart contract code.
For example, "If A completes Task 1, then payments from B are transferred to A."Through such protocols, smart contracts allow various asset transactions, and each contract is copied and stored in a distributed book.In this way, no information can be tampered with or destroyed, and Data Encryption ensures complete anonymity between participants.
While smart contracts can only be used with the assets of the digital ecosystem, many applications are actively exploring the world outside of digital currency, attempting to connect the "real" world to the "digital" world.
Smart contracts are written and operated logically.As long as the input requirements are met, that is, as long as the code writing requirements are met, the contractual obligations will be enforced in a secure and de-centralized network.
Smart Contracts and Wisdom Chian
From a performance point of view, Wisdom Chian uses a lightweight WDC VM (WDC Virtual Machine) as the execution environment for its smart contracts. It starts very fast, takes little resources, and centralizes the instructions of the WDC virtual machines, providing a series of cryptographic instructions to optimize the execution efficiency when cryptographic algorithms are used in smart contracts.In addition, data manipulation instructions directly support arrays and complex data structures.These will improve the performance of WDC smart contracts.
Languages supported by Wisdom Chian Smart Contracts
The Wisdom Chain smart contract is a virtual machine based on WebAssembly byte codes, so the language supported is AssemblyScript, which will be supported later on: C#,VB.Net, F#, Java, KotlinPython.C, C++, GO, JavaScript, etc.
Supported by multiple high-level languages, more than 90% of developers can participate in the development of Wisdom Chain smart contracts without learning a new language, or even migrate code from existing business systems directly to the block chain.This will greatly increase the overall popularity of Wisdom Chain.
submitted by Frosty_Gene_7770 to u/Frosty_Gene_7770 [link] [comments]

Bitcoin ATM without permanent location?

I've been looking at these Bittellers and quite frankly I want one. I've been in the vending machine business for so long and the vending machines that cost $3 per transaction are the holy grails that people buy when they "make it" absolute freaking gold mines. $3 per transaction is nice, but what's nicer is charging people a percentage of the entire withdraw and them actually paying it! (bitcoin atm)

So here's my question; how would one of these do at a flea market or something owner attended like that? I don't trust something the size of a toaster that costs $600 and has 2k worth of bitcoin in it to not sprout legs. Just personal experience as to unattended things sprouting legs.
I've seen these things at flea markets on the Bitcoin ATM locator, but I'm wondering if the locator is the driving force behind sales or if people are willing to walk by and either add Bitcoin to their existing wallet or try it out because they've heard of it.
Also, the average fee for these things is 6.8% WHY WHY WHY are people actually paying that? The only thing I can think of is the tor users who don't want their id attached to anything.

Thanks!
submitted by Snakeknowledge to Bitcoin [link] [comments]

Basic advantages you get from Digital Gold Token

Life is difficult when one is out of a activity but it’s worse when one retires with out some thing sizable to reveal for it, work is taxing health-clever and labour-smart and time sensible, so one prepares for vintage age and retirement with diverse plans and procedures, some are trying to find to spend money on treasury bonds, mutual price range, stocks, startups, 401k, actual estate and so forth however best few genuinely get to have profitable investments.
Investing is complex, one is confronted with the demanding situations of data and the option of choosing from a plethora of funding options.

https://preview.redd.it/5nzeo7bw2ng51.jpg?width=225&format=pjpg&auto=webp&s=1ac29a6c033750f5e83c64a26559d5d2c72f7fee
Gold is an asset known to man over hundreds of a while,Gold and copper were the primary metals utilized by human beings starting from 5000 BC, The first registered gold determined inside the u.S.A. Become a nugget weighing 7.8kg located in cabarrus county, North Carolina. When more gold become discovered in little creek meadow in 1803, the primary US gold rush commenced.
The world’s biggest gold reserve is held 5 stories underground inside the vault of the Federal Reserve Bank of New York, it includes 25% of all of the gold reserves within the international (540,000 gold bars), most of them belong to foreign govts.
The first-ever gold vending system become established in Dubai in 2010. Due to its rarity and high price, maximum of the gold ever mined continues to be in circulating gold become extracted inside the last one hundred years. Many humans ask why gold is so highly-priced, the cause is its rarity: extra metallic is produced in a single hour than gold over the course of the complete human history. Many scientists agree with that gold is also found in Mars, Mercury and Venus.

https://preview.redd.it/5oc3swd13ng51.jpg?width=225&format=pjpg&auto=webp&s=e412a2469107996f14bea028fdc8e0c9cf3198fa
Reports say China is growing its gold imports and Mark Mobius,an avid dealer in gold has counseled that people purchase gold, he believes that the rate of gold will keep developing as the amount of paper money in the worldwide financial system will increase.
Do you know that less than 82% of USA citizens personal any piece of gold?
The buying and selling extent of digital gold is over $100 m.
Do you understand you can also invest in gold?

Lets speak approximately the possibilities of making an investment in gold the use of a blockchain platform, how about you are able to have one piece of gold that has a token representation,
Today, we can communicate about the virtual gold token, what it does and the way you could sincerely advantage from it.
Now, if you are following closely,you may find out that the crypto marketplace hit its height in 2017, in 2017 bitcoin become selling for $20,000 and in 2020, it's miles floating around $9,000 and each extreme investor need to be searching at this marketplace, at 2017 the entire market capitalization of crypto currencies was almost $1 Trillion dollars and although it has fallen to round $300 billion bucks in 2020, this enterprise nonetheless holds a number of capacity.

https://preview.redd.it/cd1haqc73ng51.jpg?width=303&format=pjpg&auto=webp&s=5f033787e8d83dcc4165683cdcd3e9d90bfb29db
One should be asking why is there so much investment going into the blockchain space, what's the capacity that this element have, many have dubbed blockchain as net 3.0 or the last technology that will bring in internet 3.0, till date, the investments which have long gone through numerous blockchain startups have been over $25 billion greenbacks with the likes of EOS, Telegram raising billions of greenbacks each.

What are the troubles concerned in investing in cryptocurrencies

  1. Volatility: If you study the altcoin alltime index, you may see the disgusting drop in crypto fee
  2. Storage: Knowing which coins to buy and the way to keep them is a huge hassle in the crypto currency global, crypto jacking and hacking are at the all time high as hackers have infested maximum internet browsers with coin mining scripts and just last year over $1 billion greenbacks well worth of crypto belongings were stolen from numerous exchanges which in turn forced them to shut their doorways.
To shop crypto assets, one is required to securely preserve their passwords and their non-public keys because the lack of them method a loss of get entry to to their holdings.

https://preview.redd.it/oyzpb0dd3ng51.jpg?width=634&format=pjpg&auto=webp&s=4844dabe5df4e8c5c726470a5090c484d8c116fb
Tokenization
The idea is aimed at breaking complete units of stocks,infrastructure and so on into smaller pix,
Take one unit of gold and make a virtual unit of it with the blockchain,that concept surely birthed the Digital gold token mission, The digital gold market:allows facilitate a tremendously smooth, effective and efficient purchase/sale machine, users can sincerely fill out a shape that initiates a smart settlement, which then transfers the newly-minted GOLD tokens.
As for builders,they're additionally stored the hassle of the complexities that include integrating a crypto asset to their platform,the digital gold initiatives help them combine without problems.

https://preview.redd.it/gh76zlto3ng51.jpg?width=299&format=pjpg&auto=webp&s=96198a60fd7a222f4d2e55b7ce76a8dc9160b820

Features of Digital Gold

The virtual gold token boosts some of features that makes it particular and profitable for capacity investors to inspect.

It’s a token this is low price and does no longer have have switch prices when one is shifting it, it gives capacity investors the opportunity to diversify their portfolio even as also retaining their wealth in a safe haven, it additionally gives at ease gold possession as the purchased gold in secured in a safe vault, the digital gold token is pretty liquid, which means there may be a market for you each time you ought to promote or buy the token, since the digital gold token is tied to real gold, the token is as precious as gold itself, in order gold will increase in value so does the token.

Visit the webpages for further information:
Official Website : https://gold.storage/ White paper: https://gold.storage/wp.pdf Telegram: https://t.me/digitalgoldcoin

Author: cytpoway121 https://bitcointalk.org/index.php?action=profile;u=2202709
submitted by cytpoway to Crypto_General [link] [comments]

You can now buy Coca-Cola with Bitcoin!

If you are a Bitcoin trader either in Australia or New Zealand, good news! Coke vending machines now accept Bitcoin as a form of payment.

What does this mean for Bitcoin?

Although a coke vending machine that accepts Bitcoin may at first seem silly or insignificant, it is actually yet another sign that adoption of the cryptocurrency is progressively increasing. The 1,200 or so machines available between the two countries means more exposure for the project. Even if many will never actually pay for a soda with Bitcoin, the simple awareness that such an option exists is already a positive.
For those who do wish to experience paying for an instantly redeemable physical product with Bitcoin, they will simply need to download the Sylo payment app. With it, they can scan a QR code in a manner reminiscent to China’s Alipay or Wechat Pay system. The crypto will then be automatically converted into the relevant local currency.

Other Benefits

With the current health crisis involving COVID-19, any initiative that lowers customers’ physical contact with machines is beneficial. Particularly so when these machines are frequently used by hundreds of people and tourists every day. QR codes limit a user’s need to interact with both potentially contaminated surfaces and cash.
Fortunately, even bitcoin derivatives traders and spot traders that do not live in these countries can still benefit. As suggested above, the more Bitcoin is adopted as a form of payment, the more relevant and strong the cryptocurrency becomes. Other similar efforts to facilitate the use of Bitcoin for transactions include BitPay. This payment processor already works with large brands such as Shopify and Newegg to help their users pay with Bitcoin.
Stay tuned for more blog articles on different concepts and ideas that will improve your knowledge of Bitcoin Trading.
submitted by hectorhan to Bitcoin [link] [comments]

The Basics of a Decentralized Autonomous Organization (DAO)

The release of Bitcoin in 2009 catalyzed countless technological innovations that we see developing in distributed computing today. Acknowledging blockchain as the underlying technology that gives Bitcoin its legs, Vitalik Buterin, and a few other savvy entrepreneurs created the distributed computing platform and operating system, Ethereum in 2015. A smart contract platform and the second generation application of blockchain, Ethereum was yet another catalyst for great technological change. The project allows users to build decentralized applications or “dApps” on top of the protocol, allowing users around the world to create endless incentivization mechanisms on top of the blockchain. The use of smart contracts allows users in an ecosystem to make financial agreements that are executed by code and allows for the automation of decision-making and other managerial practices within an organization. One use-case, born from Ethereum and smart contracts, is the concept of a decentralized autonomous organization (DAO). A powerful combination of technologies, DAOs may play a significant role in the future of finance and administration. To fully grasp the power of a DAO we must first understand the smart contract.
The term “smart contract” is used quite loosely today, and with such a lack of regulatory clarity, its misuse only adds more fuel to the fire. So, what is a smart contract? As defined by Nick Szabo, creator of Bit Gold in 1996, a smart contract is “a set of promises specified in digital form including protocols within which the parties perform on these promises”. It is important to note that smart contracts can, but may not, be actual contracts. Depending upon the contents of a smart contract and the legal jurisdiction of the parties, it may or may not be legally enforceable in a court of law. Without diving any deeper into the legal aspects of smart contracts let us note that with or without the presence of a legal intermediary, a smart contract will execute upon the agreed terms regardless, leaving little need for legal interference in low trust environments or where legal systems often fail. Now that we have a better understanding of smart contracts, let us shift the focus to the use of smart contracts in a decentralized autonomous organization.
So, what is a DAO?
A decentralized autonomous organization is an organization represented by rules encoded as a computer program (typically using smart contracts) that is transparent, controlled by stakeholders and not influenced by a central government or entity. Simply put, a DAO is a decentralized application that allows users to form a company or organization that has no formal leader. Stripping away the downfalls of traditional hierarchical structure, DAOs create an environment where all participants are equally important. No executives, no managers, no supervisors. Only stakeholders and shareholders utilizing votes. Like a traditional blockchain, DAOs typically have a native token or currency. This native token is often used to assign holders the right to propose ideas to the DAO and to vote on such proposals as they are introduced. The voting weight of governance token holders is usually determined by how many such tokens they hold. This allows for a fair and democratic voting process where those that are most interested (economically) in the success of the DAO are the most influential voters in the DAO. Now we have a better understanding of a DAO, but how does a decentralized autonomous organization offer an alternative to the traditional centralized organizational structure?
Primarily, a DAO allows for heightened transparency of processes and relationships within an organization. Not only is there opportunity for transparency in all of the DAOs financial transactions, but also in the process of hiring and voting on the direction of the organization. Transparency for the voting process means a great reduction of bureaucracy within an organization. Now, “managers” cannot shoot down a proposal coming from the “janitor" before “executives” get a chance to see it. Ideas can now naturally flow through the organization without bias or prejudice suppressing their path. On the financial side of things, all participants in the DAO can see exactly where the organization’s funds are going with its inherently public, auditable, and immutable ledger. This creates an environment where it is much more difficult for participants, regardless of their share in the DAO, to partake in money laundering, collusion, or nepotism. The flattening of leadership structure allows participants to be fully responsible for the finances, operations, and governance of the organization unlike ever before, eliminating contingencies for corruption.
A successful DAO today means more fair organizations, but what does a fully functional DAO look like in the future? Imagine ATMs, vending machines, cashier-less stores, all run by a decentralized autonomous organization. Contractors around the world could be responsible for the upkeep of physical machines owned by the DAO and could be paid directly by the DAO itself. As artificial intelligence technologies advance, the world could have a new method of delivering public goods and services, a new way of paying taxes, a new form of government. DAOs may even be a glimpse into a dark dystopian, future of technology where machines run the world. Thankfully, the engineering behind a DAO with this level of integration has yet to be established and the DAO’s ability to reach such a level lies in the hands of regulators around the world. Let us digress from a hypothetical future and return to a much more relevant use case where users can access highly competitive lending and borrowing services at the click of a button.
Only months away from launch, the Defi Money Market (DMM) DAO is set to be one of the most sophisticated ever released. The DMM Foundation has already built a robust ecosystem that allows users to earn a stable interest rate of 6.25% on select digital assets including Ethereum. The yield paid to participants is backed by real-world assets that generate income greater than the interest owed to mAsset holders (those earning on deposits). Already providing details on the status of real-world assets via the DMM Explorer, the foundation aims to bring much more transparency to the ecosystem before launching its DAO. To increase security and trust in the current ecosystem, the foundation has partnered with Chainlink to provide real-time data about the real-world assets that back the ecosystem on-chain. This partnership will be critical in the decentralization and automation of the ecosystem by providing real-time data about assets in the ecosystem as the DMM Foundation launches its DAO. The reality of a successful and fully functional DAO may seem far away, but this year has already thrown everyone for a loop. Leaders of the International Monetary Fund and other global organizations mention an acceleration towards a digital society, where we can imagine that digital currency, smart contracts, and decentralized autonomous organizations are likely to be with us on the other side of our transition.
About DMM
DeFi Money Market (DMM) is an ecosystem built on the Ethereum blockchain that bridges interest-generating real-world assets into the Decentralized Finance (DeFi) ecosystem in a transparent, trust-minimized, overcollateralized, and permissionless manner.
submitted by keithdmedia to ethtrader [link] [comments]

Kappture CTO discusses their cryptocurrency Point-of-Sale integration - Their customers include Wimbledon, Twickenham Stadium, and some British universities

Original Video
Overview
Why Nano?
Point-of-Sale System
Timeline
Questions
submitted by Qwahzi to CryptoCurrency [link] [comments]

NPR parroting FDA fearmongering

Copy and pasted to remove a vendor reference. Not terrible article, but they're still parroting the lies. It's pretty disingenuous to offer up the story of one kid that clearly had major substance abuse problems as the "other side".
Side comment / vent -- I feel censoring regular mainstream news stories just because it breaks the no vendor rule is nuts. If anything the story should be allowed but comments locked.

The Kratom Debate: Helpful Herb Or Dangerous Drug?

Americans know the dangers of drugs such as morphine and heroin. But what about a supplement that acts in the brain a bit like an opiate and is available in many places to kids — even from vending machines.

Kratom, an herb that's abundant, legal in most states and potentially dangerous, is the subject of an ongoing debate over its risks and benefits.

Usually, the leaf, which comes from a tropical Southeast Asian tree, is chewed, brewed or crushed into a bitter green powder. The chemicals in the herb interact with different types of receptors in the brain — some that respond to opioids, and others to stimulants. Often sold in the U.S. in a processed form — as pills, capsules or extracts — a small amount of kratom can perk you up, while a large dose has a sedative effect.

Some people who have struggled with an opioid addiction and switched to kratom swear the substance salvaged their health, livelihood and relationships.

But the federal Food and Drug Administration and the Drug Enforcement Administration worry that kratom carries the risk of physical and psychological dependency and, in some people, addiction. The FDA warns consumers not to use kratom, and the DEA threatened to prohibit kratom's sale and use in the U.S. (outside of research) in 2016; advocates and lawmakers subsequently pushed back, and the stricter scheduling of kratom that would have prompted that sort of ban never occurred. These days, the DEA lists it as a drug of concern.

Linda Kline, 33, based in Reno, Nev., sells kratom for a living. She says her several stores throughout the West have given her a new purpose in life. And while she herself doesn't have an opioid dependency, she credits kratom with turning around her mental health.

"I went from feeling desperate and hopeless to finding an alternative where I had full control over how I felt," she says.

She used to be paralyzed by anxiety and panic attacks. When her insurance carrier threatened to cut her Prozac prescription, she felt desperate. A friend suggested kratom, so she picked some up at a smoke shop.

"It almost feels like you're having just a little glass of wine," Kline says. "It's really relaxing. There's no melting of the walls."

The new habit cost about $6 a day — less than a glass of wine or fancy cup of coffee. But Kline says she couldn't always find a high-quality supply. The FDA has recalled dozens of salmonella-tainted products sold online or in convenience stores. The agency has also found toxic heavy metals in kratom supplements.

That's one reason Kline started her own chic boutiques, \redacted*, devoted exclusively to kratom products that, she says, are all lab tested to ensure purity. She just opened her fifth location in less than two years. The shops offer 15 kratom strains at outlets in California, Idaho and Nevada.*

Though Kline's website has a disclaimer that her products have not been evaluated by the FDA and "are not intended to cure, treat or prevent any disease/illness," some of her clients' online Yelp reviews claim kratom has dramatically relieved their chronic pain, insomnia, restless legs syndrome and more.

Potential dangers

Glowing reviews like that haunt Mateo Martinez.

"My brother believed the marketing of kratom — that it was a natural herbal supplement that could provide you with the same benefits of an opioid without the risks," Mateo says.

Mateo's younger brother, Marco, struggled with an opioid addiction in high school. Mateo describes Marco as a charismatic, creative teen, passionate about video games, cartoons and anime. Marco got hooked on painkillers, Mateo says, after his dentist pulled his wisdom teeth.

"He was using them in a way that wasn't just for treating pain," Mateo says.

Email receipts show Marco used bitcoin to also buy Vicodin and fentanyl on the dark web.

Eventually Marco wanted to kick his opioid addiction and saw testimonials on YouTube and Reddit that promised that kratom could be a way out. Soon Marco was popping kratom capsules multiple times a day.

During his freshman year at the University of California, Davis, the 19-year-old started hyperventilating regularly. The incidents worsened, becoming seizure-like episodes and ending in trips to the emergency room. During each hospitalization, the doctors were stumped. No one thought to test for kratom.

Marco died in his UC Davis dorm in February 2018, late on a Sunday night. The toxicology report listed "acute mitragynine intoxication" — a chemical constituent of kratom — as the cause of death.

"I think kratom needs to come with a much more serious caution that it is not harmless," Mateo says. "I'm very heartbroken."

In a recent 18-month period, the federal Centers for Disease Control and Prevention reported 90 kratom overdoses, although most involved a combination of other substances too.

Slim science, so far

"The data to support either the benefits or the harms for kratom is really, really poor," says C. Michael White, head of the Department of Pharmacy Practice at the University of Connecticut. "A lot of the information we have comes from single-case reports."

FDA Orders An Unprecedented Recall After Kratom Company Ignored Its Requests
THE TWO-WAY
FDA Orders An Unprecedented Recall After Kratom Company Ignored Its Requests
White says that animal studies suggest kratom could be an effective pain reliever, but the collection of human data has only just begun. He says scientists need to conduct a lot more research before the appropriate level of regulation is clear. White recently argued in the American Journal of Health-System Pharmacy that the safest place for kratom is behind pharmacy counters, for adults only, but with no prescription required.

McClain Haddow, spokesperson for the American Kratom Association, agrees that the product should be sold only to people over age 18.

"We would like vendors to register their product with the FDA and get a chemical analysis from a certified lab to insure the only ingredient is the naturally occurring alkaloid in the kratom plant," Haddow says. "Some manufacturers are spiking products with fentanyl, heroin or morphine to give users a high."

Dr. Scott Steiger, deputy medical director of the opiate treatment outpatient program at Zuckerberg San Francisco General Hospital and Trauma Center, says he doesn't know how to advise patients who want to use kratom.

"I tell them I just don't know enough on the basis of science to tell them whether it's a great idea or not," says Steiger, who is also an associate clinical professor of medicine at the University of California, San Francisco.

The DEA describes kratom as an addictive substance that causes hallucinations, delusion and confusion.

"I have seen that people who use kratom end up having a very hard time stopping the use of it," says Steiger.

His patients report withdrawal symptoms such as nausea, sweats, aches and pains, loose stool, tearing and dysphoria. There is growing concern about kratom's effects on the heart and liver.

Steiger emphasizes that doctors have evidence-based treatments like buprenorphine and methadone to help people with an opioid addiction. He doesn't recommend self-medicating with kratom until more research is available.

"We just don't know enough about this chemical and the long-term use of it to know whether experimenting would lead to complications," Steiger says.
submitted by whatssocomplicated to kratom [link] [comments]

Subreddit Stats: monero posts from 2020-03-09 to 2020-04-07 17:09 PDT

Period: 29.46 days
Submissions Comments
Total 224 2996
Rate (per day) 7.60 98.55
Unique Redditors 165 795
Combined Score 6648 9863

Top Submitters' Top Submissions

  1. 580 points, 1 submission: 333929
    1. Americans: Reject the anti-encrytpion bill. They are trying to destroy privacy while everyone is distracted with coronavirus! EFF made this easy tool so you can tell your senators. (580 points, 46 comments)
  2. 278 points, 6 submissions: cdotsubo
    1. This bill CANNOT be passed!!! (205 points, 51 comments)
    2. If you want to support a trustless and anonymous messaging system look here (40 points, 47 comments)
    3. What are the current measures to prevent the government from efficiently banning Monero? (26 points, 37 comments)
    4. How will monero be affected by the btc halving? (5 points, 9 comments)
    5. Stimulus = more crypto (1 point, 9 comments)
    6. What is monero's main demographic? (1 point, 9 comments)
  3. 255 points, 1 submission: ThredHead
    1. Tremendous (255 points, 22 comments)
  4. 219 points, 6 submissions: SamsungGalaxyPlayer
    1. The 2020 Monero Konferenco in Berlin is cancelled; an online alternative is still TBD (82 points, 6 comments)
    2. Compliance, fungibility, and recent Monero research. Interview with Justin Ehrenhofer (48 points, 0 comments)
    3. Monero Coffee Chat - 2020.04.04 (33 points, 9 comments)
    4. Critical Decentralisation Cluster 36c3 - Monero for Scrubs (Diego "rehrar" Salazar) (24 points, 0 comments)
    5. Casual Monero Happy Hour video chat happening now; stop by and have fun! (18 points, 2 comments)
    6. Monero Coffee Chat: 4 April @ 17:00 UTC (14 points, 0 comments)
  5. 190 points, 1 submission: JamieFosters
    1. All U.S. banks will now never go bankrupt no matter what! (190 points, 99 comments)
  6. 169 points, 1 submission: judg1k
    1. Monero is one of the hardcorest crypto i have seen for long. Community is strong. The one of the truest crypto as crypto. Being developed by good developers. (169 points, 60 comments)
  7. 167 points, 2 submissions: Fiach_Dubh
    1. Eric Hughes published A Cypherpunk's Manifesto 27 years ago today (89 points, 9 comments)
    2. How would you visually describe Monero's web of transactions? A Fractal Spider Web? (78 points, 21 comments)
  8. 165 points, 1 submission: fraktalityworld
    1. hope you will like it (165 points, 36 comments)
  9. 149 points, 5 submissions: sunchakr
    1. Douglas Tuman aka Chowbungaman of Monero Talk is running for U.S. Congress! (108 points, 36 comments)
    2. HIS WEEK ON MONERO TALK - Desi-Rae: The Importance of Privacy (19 points, 1 comment)
    3. THIS WEEK ON MONERO TALK - Dr. Lawrence H. White: "Does the U.S. Need a National Digital Currency?" (11 points, 0 comments)
    4. THIS WEEK ON MONERO TALK - Brock J. Pierce: The Power of Community (6 points, 5 comments)
    5. THIS WEEK ON MONERO TALK - ANARCHAPULCO PART 2: Rafael LaVerde: The Virtues of Monero vs. The Virtues of BSV (5 points, 6 comments)
  10. 142 points, 2 submissions: FTL_Ian
    1. Top Privacy Cryptocurrency, Monero, Now Available at New Hampshire Crypto Vending Machines (125 points, 1 comment)
    2. “Essential” Manchester Monero Vending Machine Moves to Bedford Due to Restaurant Crackdown (17 points, 3 comments)

Top Commenters

  1. rbrunner7 (441 points, 88 comments)
  2. spirtdica (306 points, 115 comments)
  3. OsrsNeedsF2P (304 points, 76 comments)
  4. TrasherDK (218 points, 92 comments)
  5. gingeropolous (184 points, 35 comments)
  6. rattie_ok (182 points, 36 comments)
  7. dEBRUYNE_1 (181 points, 61 comments)
  8. HoboHaxor (176 points, 57 comments)
  9. Febos (148 points, 42 comments)
  10. selsta (146 points, 41 comments)

Top Submissions

  1. Americans: Reject the anti-encrytpion bill. They are trying to destroy privacy while everyone is distracted with coronavirus! EFF made this easy tool so you can tell your senators. by 333929 (580 points, 46 comments)
  2. Tremendous by ThredHead (255 points, 22 comments)
  3. This bill CANNOT be passed!!! by cdotsubo (205 points, 51 comments)
  4. All U.S. banks will now never go bankrupt no matter what! by JamieFosters (190 points, 99 comments)
  5. Encryption law targeting free speech using child safety as a scapegoat by deleted (173 points, 20 comments)
  6. Monero is one of the hardcorest crypto i have seen for long. Community is strong. The one of the truest crypto as crypto. Being developed by good developers. by judg1k (169 points, 60 comments)
  7. hope you will like it by fraktalityworld (165 points, 36 comments)
  8. Top Privacy Cryptocurrency, Monero, Now Available at New Hampshire Crypto Vending Machines by FTL_Ian (125 points, 1 comment)
  9. Zero to Monero: Second Edition; Published by UkoeHB (119 points, 17 comments)
  10. GOV wants to know every detail about our crypto but what about the missing $21 Trillion? by deleted (118 points, 32 comments)

Top Comments

  1. 98 points: Standard_Process's comment in New Evidence Suggests Bitcoin Founder Also Created Monero
  2. 73 points: deleted's comment in This bill CANNOT be passed!!!
  3. 73 points: elvenrunelord's comment in GOV wants to know every detail about our crypto but what about the missing $21 Trillion?
  4. 71 points: HID_for_FBI's comment in Can a government buy all crypto?
  5. 47 points: Zek256's comment in All U.S. banks will now never go bankrupt no matter what!
  6. 36 points: BigLezHodler's comment in Australian Currency (Restrictions on the Use of Cash) Bill 2019
  7. 35 points: gingeropolous's comment in The amount of crypto news coverage Monero got from the Satoshi Nakamoto <-> Monero Outreach article is almost unprecedented
  8. 33 points: polyclef's comment in Let's Open Our Own 106 Bank. $0 to Start. Loans to Ourselves With No Need to Pay Back
  9. 31 points: Febos's comment in New Evidence Suggests Bitcoin Founder Also Created Monero
  10. 31 points: abc2jb's comment in Monero is pure digital cash
Generated with BBoe's Subreddit Stats
submitted by MoneroNotificatio to subreddit_stats [link] [comments]

List of Physical Stores where you can Buy or Sell bitcoin

There are a number of foreign currency exchanges and other places where there's a "storefront"/branch and an actual teller or other staff where you can just walk up and do a bitcoin buy and/or sell. But I don't think there's ever been a list of them compiled. Lots of location discoveries get shared on social media, like this one, bu there is just no comprehensive list anywhere. So that's what I'ld like to do here. If you know of a location please comment with the name or some details.
Physical stores and Trading Spaces
Europe, Middle East, and Africa:
North America:
Asia-Pacific:
Vouchers (retail)
Gift Cards
Vending
Hardware wallet sales locations (Note: It's always more secure to buy direct from the manufacturer)
There are also over-the counter (OTC) traders, who may or may not have a fixed location, but are not considered to be "physical stores":
Please share your additions, corrections, or comments.
submitted by cointastical to Bitcoin [link] [comments]

r/Bitcoin recap - December 2019

Hi Bitcoiners!
I’m back with the 36th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in December 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Sometimes I feel like the world actually did end in 2012 and society since then has completely collapsed.

Before I start, no, I'm not talking about any of that "mayan calendar" BS. But it seems like the world was overall just a much better place before the year 2012. Of course, one could say something similar like "the world was better before 9/11" or "the world was better before the internet." In my opinion, society really started to decline in 2012 and has now become a cesspool of hostility, retardation, identity theft, and many other things.

Let's start with hostilities. After natural disasters like Hurricane Katrina in 2005 and the Joplin tornado in 2011, survivors banded together in kindness. Well-wishes and sympathy for those affected came from all over the world. Contrast this with Hurricane Irma in 2017. How did people react?
As a matter of fact, those three things seem to happen with every single natural disaster or tragedy that makes it onto international news headlines. Not to mention I've even seen people literally celebrating the deaths of the victims of such events and greedy YouTubers profiting off of them, and it absolutely sickens me. 23 people were just killed by a tornado in Alabama, but "God forbid one of them MIGHT have disagreed with MY political viewpoints" or "Just stupid yankees, who cares" so they deserved to die? What the fuck is going on in your heads people? Get your fucking shit together!
I'm not even going to go into international relations and how the US and Russia, for example, have been pushed to the brink of war. And I don't want to hear any stupid shit like "muh it's america's fault" or "muh it's russia's fault" because that debate would exactly prove my point.

Retardation. Oh boy. It seems like since 2012 the "zombie smartphone apocalypse" as some people have called it has completely exploded. You can't go anywhere in public without seeing someone with their face buried in their cell phone or seeing an infant that can barely walk holding their parents' iPad, because their mom or dad can't spare two fucking seconds out of their trendy lifestyle to pay attention to their own fucking child. Also, since when has it become acceptable for a child's first word to be "fuck" or "shit" or some other swear word? Nowadays, either they learned it from their shitty parents or the Internet. Shocking.
1989 vs 2019: A man is drowning in a public pool.
And before anyone asks or calls me a hypocrite, I'm typing this on a desktop computer that's almost as old as me. Planned obsolescence is another thing about modern technology that really pisses me off.
Example: Laptop from 1996? Works perfectly fine. iPod from 2014? DEAD.

Finally, that thing I mentioned about identity theft. There are plenty of other things I could vent about, but as to not make this post the entire length of a novel, I'll keep this section short (and it will be the last one.) Nowadays, especially since 2012, it hasn't been a question of what hackers know about me, but rather what they don't. Pretty much all of our personal information is out there and practically everyone with enough bitcoin can access it. What information about you and me is not out there already, and what the hell will they end up using it for?

That's it. That's all I can go on about in one single worthless reddit post. I could go into how YouTube (and most of the internet) has become a completely intolerant shithole, how mass shootings have become a regular occurrence (no gun control debates please), or how fucking vending machines are literally more dangerous than sharks. So go ahead and do whatever the hell you want with this post. Upvote, downvote, flag it for all I care.

Peace.
submitted by ALessImportantPerson to unpopularopinion [link] [comments]

[Discussion] Regarding LINE Score (I don't think it's social credit.)

I saw some interesting discussion about Line Score in an earlier thread, and thought I'd write what I knew about it.
For those of you still unaware, LINE is a Japanese Internet service offering... well, lots of stuff. Messaging, social media, wallets (both cash and Bitcoin) can link up with your bank, platform for mobile games, Uber-style ride hailing, manga self-publishing platform, music streaming service, etc, etc. Everyone in Japan uses it. Everyone. Like, it's available on flip phones, everyone. LINE has, for the past few years, offered rewards for participating in promotional events. Say I use LINE during a promotion, I can get a LINE credit, scan my phone at a vending machine, and get a free drink or something. LINE is pervasive in a way even Facebook isn't.
LINE is owned by NAVER Corporation, a Korean mega-corp (irony!) that first became powerful in the Internet space in 1991 after basically single-handedly building the consumer-facing Korean Internet. Recognizing that the Japanese Internet was a different animal, they quickly introduced such services as Matome and established LINE as a tailor-made solution for the Japanese Internet and were rewarded by the market to this day. Today, LINE seeks to expand its influence not just in its home market of Japan, but over much of greater East Asia, including Malaysia, Singapore, Indonesia, Taiwan, etc. (For... understandable reasons, Korea gets a different version called KakaoTalk.)
In the past few years, LINE has positioned itself hard as a fintech company, coinciding with a push by the Japanese government to have Tokyo internationally recognized as the place to do business with digital money. While Satoshi's identity remains unknown, it is a Japanese name. And Japan leads the way in practical applications of Bitcoin, things like fungible and secure digital cash as an alternative to credit cards (very cool), contactless payments (developed there in the '90s) etc, etc. And as the rest of the world catches up with regards to credit cards, the emphasis has been more and more on security, privacy, crypto, that kind of stuff.
Here's where LINE Score comes in. LINE operates a virtual wallet, which can contain cash and the like, as well as links to credit cards. With Facebook Libra and this bullshit going on in the West, Yahoo Japan announced it would, in concert with NTT and Mizuho, begin offering personal loans based on a... personal credit score. LINE, which has partnered with Mizuho Corporation, Mizuho Bank and Oricorp to announce LINE Credit, (think a regular bank) is also now launching a service called LINE Pocket Money, essentially a way to get small loans directly to your LINE wallet. No muss, no fuss; hit "Apply" in the app and get a notification in a few minutes with your approval status and have the funds dropped in right away.
From what I can tell, this score seems to be the equivalent of a very strict loan approval officer who asks to see your purchase history before approving the loan. It does not seem to be anything along the lines of the evil bullshit China is doing where you're banned from buying food if you don't snitch on your neighbors. The things LINE looks at, as well as the uses of the score, seem almost purely financial, no messages, no location, no photo uploads, just purchases and app usage, and do not even take into account cash or Bitcoin deliberately spent from outside LINE, a trivial thing to do.
The extra rewards, from what I can tell, are luxury goods rentals and a chance to see Ni no Kuni: The Movie early, which, honestly, seem like the kind of rewards a high end credit card would give an American for a high FICO score.
Also, if LINE does try some fucky shit here, and starts reading people's secure communications, which they could, I expect the Japanese government and other Japanese mega-corps to get involved right away.
>inb4 LINE shill
Don't get me wrong, I don't like the idea of rewarding users for being tracked; I think it's very creepy. I also think that LINE is more responsible with data than Facebook is and that this ultimately will not lead to the kind of dystopian nightmare we see in China because of how the Japanese economy works. For now.
TL;DR The Verge is so busy salivating over the idea of Japan being shackled to a Chinese credit score that they didn't pay attention to the goddamn presentation because their Tokyo bureau is some pasty retard with bad Japanese.
submitted by lyra833 to KotakuInAction [link] [comments]

A Response to "Why I Downvote Your Alternative Investment Advice"

Original post here: https://www.reddit.com/financialindependence/comments/bpdxy3/why_i_downvote_your_alternative_investment_advice/
TLDR; Index funds are great, but if you want to really to avoid risk and get good return on your money the only safe way is to become a good investor. You need to become good at making money.
(I actually appreciate the post quite a bit but I thought it deserved a formal response as opposed to just a comment.)
A quick summarization of the author's perspective:
"Alternative" investment advice shouldn't be mistaken for the legitimate advice of utilizing "passive investing" through Index funds. In summary: You Can't Pick Stocks, Cryptocurrency is gambling, Managed funds depend on the manager, Entrepreneurship is fake because only 20% succeed, and finally, Rental properties can be good advice, but the people offering the advice deserve to be down-voted often.

Before I dig into each individual claim, I would like to address the overarching argument:
>>> Passive investing/ index funds should be the only recommended investment. Maybe Real Estate circumstantially.
... I would argue that this happens to be good advice at the moment, but investors would be wise to not believe it will continue indefinitely.

Good investing advice should NOT be about the vehicle it should be about the investor's process, decision making, and the circumstances that define the investment. Said another way... it should be about the opportunity.


Here's some historical truths (In the US over the last 30 years) that people knew to be true that turned out to be false:
And we learned later:

And today the standard investment advice is that you should use low cost index funds.

I have no problem with index funds (they make up the majority of my investments currently), but index funds won't save you. At some point, things will change and index funds will go from being great investment advice to being a mediocre, or poor, or terrible investment choice.
Here are some questions to chew on regarding index funds:

Index funds are great, but if you want to really to avoid risk and get good return on your money the only safe way is to become a good investor. You need to get good at making money.

...Now, if you aren't sick of me going on, I'd like to tackle each argument about alternative investments that the original author made. I would first express that I think the authors statements obtusely ignore risk, uncertainty, and market conditions - the author does not consider opportunity at all... despite the fact that index funds are a good opportunity right now - all opportunities have a tendency to erode or change once they become popular.
In the United States RIGHT NOW many of the alternative investments don't make sense compared to index funds. But that doesn't mean you shouldn't look at them, nor should you ignore "Alternative" Investments if your circumstances are solid (good opportunities). I promise you if someone came up to the original author today and offered them 100 Bitcoins for their cell phone... they would probably take it.

  1. Crypto - Cryptocurrencies fall into the "high risk" world of investments such as Angle investing, scratch off lottery tickets, Poker, Aggressive hedge funds, etc. I think all of society is struggling to understand crypto and thats where it stands. With that being said, you can actually become a better student of investment opportunities by studying how cryptocurrencies work. The original poster is right to start his post by criticizing cryptocurrency in its current form, but its very possible that someone reading the post a year from now might wonder what the heck they were thinking. Long Story short- OP is right to criticize crypto and tell normal investors to stay away; and OP was wrong to completely dismiss it.
  2. Individual stocks - No doubt since you're on this sub you've heard all about how active investing (picking your own stocks) is a bad idea... the author of the post even goes on to try and provide evidence of this fact, without citation of course. It is well known that you can't beat the market- after all efficient market hypothesis says there should be no "alpha" (Ben Hunt actually has some fun reads on the topic, example). But what you will find out the further you dig is that there are actually ways to pick stocks and beat the market... but unfortunately it is really hard to do. Ever written software to aggregate millions of peoples public data to be able to see what purchasing decisions they are making now compared to before? YEAH... its that kind of hard. But it is possible.
That's why I don't care for the original post in the first place... it presumes that because something isn't as simple as an ACH transfer to a vanguard account, that it isn't worth doing. To systematically pick stocks in a way that will beat the returns of the whole market is hard. But if you want to do it, go do it - you obviously know the risks. There are people and companies that do it, and have consistently done it (e.g. Bridgewater, Citadel, Renaissance, etc... and yes I know I'm not Ray Dalio, but neither was he in 1975).
  1. Managed funds - the post's author is pretty spot on here. The only thing I would add is that there is another echelon for the uber-wealthy where wealth management or managed funds make a lot of sense. But I would also agree with OP that persons in that boat won't be reading this.
  2. Entrepreneurship - The author's post on this subject could be one of the most ignorant, mis-informed things I've read in this subreddit. First and foremost - I would suggest that the author read the literature on the subject. Watson & Everett (1996) give an overview of how to define venture "failure", and plenty of research (e.g. Dunne, Robertson and Samuelson) has demonstrated that 80% is not accurate (the most convincing arguments I've read are that the 5 year exit rate to be roughly 50%... not 1 year). Now there is one study about restaurants that showed that 80% of restaurant phone numbers would change in the first 5 years but even restaurant survivorship has been proven to be nowhere near the 80% failure rate assumed by the public (link). So when the author brings up survivorship bias of owning a venture they're dead wrong. The High failure rate is a myth.
Aside from the "risky" nature of business, the author believes that business results are not repeatable and business is only for certain people. He believes this all while recommending that you own businesses (through index funds). The reality of these claims are contrary to the author's opinion. Many business results are entirely repeatable (they even have a term for it, i.e. "Franchise"), and all businesses are founded by people just like you. The author somehow presumes the scope of your business will be a larger, risky, venture without any reason to assume that. If you go drive for Lyft... you are in business. If you put a coin operated candy vending machine in your office and restock it... you are in business. These sort of investments are usually pretty good investments. You don't have to be raising billions in venture capital to be in business nor to make investing in a business a good decision.
The biggest reason why I disagree with the author of the post is that entrepreneurship gives you the massive advantage of being able to pick what you are doing. The market and your index fund are largely out of your control, but your business is not. Furthermore, nobody tells you how much or how little of your business you have to do. If you want so bake some brownies and sell them once a week, for some extra money, you can do it. Most of the people that I know who have become truly successful and been able to have a good, early retirement, did it through owning some sort of business combined with passive investment strategies.
  1. Rental properties - The author pays some homage to rental properties as potentially being a good investment, but added it to their list because the people that talk about it as an investment strategy. I think the author actually did a decent job with their explanation. I have my own opinions, but thats not really what this post is about.

Finally, I would like to say one thing to the author directly... you wrote a great piece and I'm happy you did it, but the whole system (including your index funds) is based on a search for ways to find or create more value in the future than exists currently. When other people are searching for those opportunities or educating the rest of us about them... thats a good thing, so don't be so hasty to downvote if there's something to be gained.
submitted by jppope to financialindependence [link] [comments]

Support SigaVPN? Read here on the BEST way to keep the service alive.

The absolutely best way to keep SigaVPN running is by setting up recurring donations on Liberapay.
When I ran the service by incentivizing donation by premium servers, I received 450 to 500 donations a month of $2.
Thanks to partnerships, the service will cost only $200 per month to run. This is significantly less than what it was. Here's how we can meet this goal:
If you can afford to donate just $1 or more a week, please consider donating with Liberapay. Liberapay works by takes a donation such as $20, and sending it to me as $5 every week. You can choose how much you want to send per week and how long you want to keep sending money.
If recurring payments aren't your cup of tea, one-time donations help, too. You can does this via PayPal or [Bitcoin](bitcoin:bc1qaje8c7d7ha6x2jgzktg4h2quxg5t08gm4mmt78).
submitted by sigavpn_admin to SigaVPN [link] [comments]

LIVE Beijing Conference June 22, 2017: English Translation

Me and my partner are going to do English play by play here. Tickets were around 570 each, so if you found this helpful , please donate.
2:10 Checked in. Around 100 guests attending so far. Conference should officially start in 20 mins.
2:30 Conference started. Currently in the Microsoft Beijing Office Lobby. Just introductions so far. The video trailer they played before the conference was quite impressive and in English.
2:32 srikanth Raju is speaking in English. You guys are good for this part. Big point: Microsoft believes in a heterogeneous Blockchain environment for Azure. Mentioned​ Ethereum specifically coexisting with antshares.
2:41 Skipped Jiang Li, Microsoft senior consultant's section for some reason.
2:45 Feng han is talking about the rise of alipay and transactions becoming electronic. Believes that full automation is the next step. Alibaba is still only half automated in their logistics. Huawei is interested in building smart cities, and will need blockchain. Note: they aren't announcing a partnership. Just talking about it.
2:51 Feng han talking about current internet infrastructure not being safe for the futures smart infrastructure. Then talked about a class offered by a genius cryptography professor, wangxiaoyun at tsinghua. Made a joke about 300x returns since ICO.
2:57 Hongfei Da. Talking about bitcoin and history of crypto. Now talking about founding of Antshares. Discussing dBFT and consensus briefly. Now talking about ICO. State of AntShares: 432 nodes, 1058300 blocks, main env running for 150 days. 352 stars on GitHub. LOL talking about this subreddit specifically now. Coinmarketcap ranking.
All assets will be digitized. Two categories: 1. Proof of existence is on the blockchain. 2. Off chain physical assets like IDs, bikeshare locks, intellectual property.
Spirit of blockchain isn't decentralization. It is transparency and fairness via publicly agreed upon rules and data.
Mantra: digital asset + digital ID + smart contract = smart economy.
REBRANDING: NEO smart economy. Green logo
Neo contracts with C#, Java/kotlin, python, go
NeoX is like an interledger protocol
NeoQ is quantum safe encryption
NeoFS is a new database layer
Emphasized ecosystem partnership with bancor agrello matchpool
Missed some points because too fast. Will go back later.
3:28 innospace CEO talking. Selected AntShares to join a pool of 10 companies out of 800 applicants. Best companies get 100x growth. Talked about Neo contracts active dev community and emphasized fintrch fundamental paper.
3:35 Alex norta from agrello. English speaking. Introducing the agrello platform currently. Announced new white paper finished today and ICO occurring now.
3:43 Adam from Coindash. Marketing Coindash as a onestop crypto portfolio that enables social trading and facilitates ICOs. Gives test runs for ICOs and let's you gauge interest. Announcing foray into China with close partnership with NEST partnership.
3:59 they made a reference to the matrix where they all pushed buttons and the screen said, WAKE UP NEO
4:00 break for 30 mins
4:31 restarting. CTO of AntShares speaking. Explaining smart contracts. Telling a story about Coke vending machine software executing a smart contract, except it ate his money because of a malicious party blocking the coin entry. Blockchain is necessary to allow smart contracts to be executed fairly.
Neo is different from Eth and fabric because it has static contract calls, deterministic blockchain network calls, and uses oracle's instead of internet API calls. Example, different nodes will have different Google search results based off of IP location.
NeoVM vs EthVM vs Docker Dyanmic sharding for NeoVM makes parallel processing scale better than EVM which has static sharding. Variables in NeoVM are determined beforehand and then the sharding is done before computation as opposed to EVM which divides work inflexibly.
EVM has high coupling (bad). NVM has low coupling like docker. Execution of contracts depends too much on the nodes and blockchain. This point wasn't too clear. Coupling seems to be a concept that people don't talk about often. Sounds like he was saying that you need to run eth smart contracts on a test blockchain environment while NeoVM allows you to test and run code independent of blockchain.
Microsoft offers IDE plugins and compilers to help people develop on the Neo platform.
Digital certificate issuance and asset digitization are supported in Neo but not inherently in Eth.
Storage layer for contracts is built into Neo. You can give authorization for others to read or write your contract storage space. Also, if your contract has a bug, you can take the data and migrate it to a patched contract. Lastly, allows rental of storage space for contracts. No support for any of the three points above in EVM.
Giving example of locking an account for a period of time. Showing decentralized domains. Sounds a lot like Eth name service.
5:21 bijie tech CEO. Talking about Binance ICO. Introducing the Binance team. Binance is a coin to coin centralized exchange. Made a joke about not wanting to ICO but did it after seeing everyone elses valuations.
5:35 fangzhou charity entrepreneur. Became a multimillionaire after getting some ANS.
Money is freedom. Now wants to give charity loans to kids that need an operation but parents don't have the money. Because of new Chinese laws only 113 out of 500 NGOs can receive donation money. Therefore the market for charity is undersupplied by organizations that can use the money.
5:46 xiaobai medical founder
No fixed location, employees or resources. Wants to make a medical system where people record their illnesses and compare outcomes with other patients to determine what is the best treatment. Can also match patients with doctors. Sounds like a combo of ZocDoc and patientory.
5:55 nest smart fund founder
Problems of most funds are lack of liquidity, inability to participate in the invested company, and high management cost.
DAO on ethereum was hacked, but NEST wants to do what DAO does but more safely and more transparently. They choose C# ( made a joke about being at Microsoft and using C#).
Going to make a nest coin that is redeemable for some of the coins that the project backs.
.................................
Questions:
what's going to happen to ANS?
AntShares will retire and get redistributed as NEO in the new wallet software. You don't have to do anything. No reissue so investors don't get screwed. Exchanges will get contacted automatically.
How many devs do you have now?
2 full time devs. They are going to offer NEO bounties on code and hire more.
New exchange announcement?
Binance
.................................
DONE
.,..............................
ETH donation address: 0x92CBE3Ae9ECB30Fa52BE536d55616571380c43b5
LTC donation address: LZXsdjZJJBWpAx7VQmQ4turVrvgBJwguru
ANS donation address: ARA25KDeQMbcR7nAAjTbbnf3pkW98etD2U
submitted by miaharles to Antshares [link] [comments]

Freedom Dividend and Housing - Business Idea?

Cross posted from yanggang Delete if not appropriate.
So... one of the attacks that is often launched against the FD is the idea that rent would go up by $1,000. Obviously, this is wrong for many reasons the Yang Gang has discussed. I just wonder if there could possibly another argument and business idea stemming to fight this?
Personally, I wonder if it would be possibly to setup a freedom dividend basic needs housing. For this, I am picturing living units that would provide basic needs, in exchange for the freedom dividend? What do I mean by this? I am definitely not an evil guy and would actually say this would combat the idea of a landlord jacking up rent, this would be housing that is not a non-profit but a business that would hopefully generate a steady income and put humanity first.
Ideally, these units would be structured as livable apartment complexes that feature 1,2,3 and 4 bedrooms. Each bedroom must be accompanied by another 18 year old+ adult and adds $1K in cost. Kids would coast an extra $200-$500 With this, utilities and 2 basic meals per day would be covered; hopefully with features built in, so subletting isn't possible, a person can't take advantage of included utilities and mine bitcoin all day, etc. I envision automation dispensing pre-packaged, low cost ($2-$3), nutritionally healthy meals for people to use their monthly credits on. I say 2 meals per day, since this would not be meant to completely provide for people and make them solely dependent on the FD. This would still require people to work to fulfill other needs/wants. I picture the meal system as a set of vending machines that heat pre-packed breakfast, lunch or dinner packs. People would use NFC cards/app to choose their meals. Obviously this would include a lot more work than it seems and thought, but it would be interesting to give people that food/housing foundation in exchange for the FD. This would not be meant to take people's FD but provide fair basic needs. Obviously this pricing be adjusted with the udnerstanding that people would receive the FD. So, if a place has houses for sale for $50K, you'd want to lower the amount of the FD that's taken or provide more amenities like a doorman (or robot??) more meals, entertainment, etc to charge more.
This is highly likely not to work in LA, SF, NY, DC, etc, but there are many places where this could be a possibility with the right investors and the capital injection from the FD. Any thoughts? I picture this also helping communities that are being deserted in exchange for places mentioned above.
Hypothetical: Akron, OH. I pulled cost of living from here: https://www.niche.com/places-to-live/akron-summit-oh/
So, let's say a 100 person unit is created and offers 3 housing units; 1 bedroom, 2 bedroom, 3 bedroom. Let's say 50 people (20 families?) move from Boston, because housing is too expensive and they have never been able to move before, due to cost and fear of not having economic stability or a job in the cheaper location. 35 of those people moving can receive the FD, the rest are under 18. If they were to effectively move into the housing complex, they would immediately bring the investoowner $35K/month, without taking into account children's cost or possible reduced cost to compete with the housing market. With that, they would bring the city of Akron $420,000/year of economic stimulus. The people would not have to worry about not having a place to live or food to put on the table. With that said, these families would want to be able to furnish their units, entertain themselves, buy school supplies for kids, etc. This would require them to get jobs. My idea is that even if there are no jobs, people would be more willing to venture into business ideas; mini golf, bowling, clubs, art, etc. Let's say people don't want to venture into new businesses, the local McDonalds, dollar stores, etc need people to work minimum jobs. Even at $7.25/hr that buying power is much higher than it would be in Boston. Since there would also likely be more children in the area, you'd have a higher need for teachers and administrators. This is also not taking into account an increase demand for CREATIVITY! People could finally pursue those life long dreams of writing a book, painting, creating digital works and selling those online or giving them away with advertising as a source of income.
That last setup was a bit confusing and not fully developed...but anyone else have thoughts and wants to jump in? Any investors thinking about this? :) This is definitely an idea that I would not mind having stolen!
submitted by StagSwag16 to YangForPresidentHQ [link] [comments]

AMA - Community Edition

Updated:
11) $5m buyback
12) Release of yp part 3?
13) It is allegedly possible that ICX supply can be doubled in only 4 years thanks to a whopping 20% annual token inflation
14) One of the things that got me excited about crypto was that there was no inflation. I'm a bit disappointed in Icons approach here.
15) Where is the DEX?
16) How far are we from interoperability? Am I correct in saying that interoperability is years from completion?
I'll be answering all questions to the best of my knowledge, this list will update regularly.
1) Clear description how icx will go up by benefiting from the line partnership. -> 2 or 3 practical examples.
Don't forget Unchain is a joint venture, so Unchain is ICON's company as well, their success is directly beneficial to ICON. In a recent interview w Brad, Henry also shed some light regarding this JV and that it is way beyond a simple partnership agreement https://youtu.be/paFYyt1hVWc?t=155
2) Clear description how icx will go up by building private blockchains and connecting them. -> 2 or 3 practical examples.
I answered this to someone on telegram a couple days ago. Here's my example,
"So I asked what's the use for icx with private chains. They have no reason to connect to the public chain and they have no reason to tokenzie their business."
The missing link is interoperability. The private chains need a way to communicate w each other, this is actually how the ICON project was conceived. ICONLOOP(loopchain then) offered blockchain solutions to enterprises and consortiums, but they had no way to interoperate
So I think the argument originated from, if the design paradigm is emergent for private chains to go public, or interoperate through a public chain as a common block
We've heard about those use cases and see actual implementations from U-coin vending machines to hospitals making insurance claims etc
I agree in some cases it doesn't make sense for private chains to go public, if its designing a problem to solve, lets not do that
but i'd say, a random guess, that 90%+ of the private chains have a reason to connect, much like intranet/internet
Let me try another example, we've heard the hospital/insurance too many times
Let's say there's a trade financing supply system of a large manufacturer w thousands of vendors
before their enrollment, you'll probably need to do some identity and reputation check in the public chain (common services like ID validation should readily be available as a public service, like chainID)
that will validate their legitimacy.. then next step is prolly for the vendors who need the trade financing where they need a more complex system like a stable coin to avoid volatility.. and move the money around
instead of rebuilding a coin, they could adopt a coin system within the ICON network
then what happens next.. i guess disputes w goods lost or quality problems.. again, vendors can call for a public arbitration system where there'll be a network of lawyers who specialize in cross-border disputes or arbiters to provide the service
so we need a chain of services that can be called throughout the life cycle, interoperable between private and public chains
there are plenty more use cases, but its not a hard choice to make, its definitely possible to have a common meeting point while maintaining sensitive information within their local blockchain
In the example above, nothing is tokenized, their businesses are on the private blockchain without a native coin, but they use the common services from the public like stable coins or arbitration system
3) Monthly or quartal reports on partnerships, marketing, and the tech.
You mean something like this? https://medium.com/helloiconworld/icon-3q-achievements-8c42ea798a0b
4) Opinion why korean people dont bring icx volume on korean exchanges.
I don't think even president Moon has an answer to this :P But are people really this patriotic when it comes to money? Do Americans invest in American ICOs for being made in USA? I guess some will, but this is not (and shouldn't be) the main driving force of token demand.
5) Clarification what kind of understanding we should have about this 124 teampower - are they employees with 40 hours/week working contracts or just 2 hours, cooperations partners, freelancer, what ever.
I paid a visit to the KR office a couple months back, it was like a giant coding factory running full steam. I can attest to this, they're full time employees working around the clock.
6) Roadmap - stop giving yourself room for delays and interpretations by not offering a roadmap.
My suggestion on this one is to have a % completion roadmap with change logs. I think most people are more interested in progress, less deadlines.
7) Quarterly AMAs.
Sounds good.
8) Why the hell are ICON members still advisors at Sentinel Protocol, a ICO that promoted itself using icon as blockchain and then moving to EOS.
As far as I can tell, the two teams are still in good relationships. Timing was unfortunate, SP always had their first product (uppward) scheduled to launch shortly after their fundraising. Public presale also ended a lot faster than expected (scheduled to run for a week, ended in 3 minutes). During the period ICON was migrating to mainnet V3 and doing token swap. It made sense for them to deploy on a working platform, without compromising their schedule. Their team also said that they haven't ruled out the possibility to migrate back to ICON (although I think its less likely this day).
9) Spend some money on an english translation expert for you social media appearance.
The translations (YouTube subtitles) were a bit sloppy I agree, understandable enough but they should definitely spend more time proof reading, professional presentation is a thing.
10) How much from the received ICO money/ether has been provided directly or indirectly to iconloop.
The raised ETH from ICO are barely spent, you can check on etherscan from the contribution address.
11) $5m buyback
From the key announcement by ICON foundation’s CFO Jay, the repurchase program is a pending legal matter, after consultation with law firms they’ll proceed with the buyback. https://youtu.be/keDitkWssv8?t=160
The team stated two main intentions for conducting this program,
If you read between the lines from the buyback announcement https://medium.com/helloiconworld/key-announcements-from-icon-8ea0f5a18d6f
Repurchases under the foundation’s program will be made in open market or privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors.
What this is saying is that, the buyback has no intention to create short term pumps, otherwise all purchases would’ve been made in the open market under a timed schedule. What this also implies is that, there won’t be a public wallet with an open schedule, to avoid legal obligations (insider trading) or unintended purposes (manipulation).
So what is to be expected? Giving a deadline won't make sense because everything can be timed, so my take is that an announcement will be made after the repurchase has been completed. I don't think anyone can take advantage of this program but will still benefit directly with $5M worth of tokens off the market supply.
12) Release of yp part 3?
This is expectedly a highly anticipated yellow paper, as it will likely outline all the details we need to know about staking. This YP however is not just a simple table with your annual returns, this is also technically far more complex than the previous two YPs.
I provided a very simplified explanation for IISS in this thread: https://twitter.com/2infiniti/status/1020141186797846529
IISS is however a lot more complicated than this, it is a full AI based incentive scoring system to explore the optimal incentive scheme to vitalize the ecosystem. On top of incentives, it is also the base metrics for governance policies (voting). Incentives are designed with token economic studies, to reinforce target behavior, based on operant conditioning principles, eg. dormant accounts, distribution schemes based on activity levels, penalties for malicious nodes etc, and it is very difficult to get right.
If you look into the WP, IISS further explored with things like mitigation of inequalities, weighted average and adjustment, efficiency of IISS, fairness of distribution, prevention of misusage and many other topics explored in depth.
The point is, this YP is very complex, and personally I’d wish the team to take as much time as it needs to get it done right. IISS will ultimately decide the overall health of our ecosystem, its sustainability and well, our passive income.
With that said, I am also with you that I’d love to see the details asap, as I have plans to build a tool similar to the Virtual Step Calculator where people can easily calculate their returns. From the announcement at least, it does look like the team is close to completion and labeled the release "soon", so let's just have a little patience and let them do all the necessary last checks.
Also as a reality check, YPs are researches that need to be formalized, implemented and iterated enough times before an official release. So please don’t expect to start staking right away when YP pt3 sees the light.
13) It is allegedly possible that ICX supply can be doubled in only 4 years thanks to a whopping 20% annual token inflation
Please go to this thread for my explanation: https://twitter.com/2infiniti/status/1060397068852748288
14) One of the things that got me excited about crypto was that there was no inflation. I'm a bit disappointed in Icons approach here.
Most crypto token issuance models can be broken down into these 3 categories
All of the above models can work in their own ways, depending on the behavior its trying to incentivize. Sustainable crypto economies are backed by a recursive loop of value transfer that all participants are incentivized to participate in. The goal is to create an incentive loop that all parties act in their own self-interest, then creating greater value.
Let’s take a look at bitcoin’s incentive loop, a simple model where mining is profitable, more miners create more security and security adds intrinsic value.
Mine bitcoin -> market dynamics decide value -> incentive to mine -> security of network increases -> more incentive to mine ←|
Augur’s case
Trusted prediction platform -> more stakes in events -> more incentive for REP holders to verify truth -> more people verifying, more trusted ←|
In ICON’s case, incentives are centered around i_score, which is a function of activities within the network. The incentive loop would look something like this
I_score rewards and governance control (votes) -> more incentive to participate in activities and governance policies -> increased network security and activity ←|
Similar incentive loop found in SCORE
SCORE staking (virtual steps) -> increased activities -> sustainable SCOREs ←|
Now for continuous issuance models, the goals are no different from other models. They want to issue tokens, just enough that it is optimal for maintaining security and encourage participations, creating a healthy incentive loop.
But can’t these models infinitely issue to a point where my money is worth next to nothing?
Yes, this is in theory possible. For Ethereum, with majority of network miners approving such change (say removing ice age), and a new Ethereum client to accommodate this change, resulting in an issuance similar to a 51% attack. Since issued ETH is also linked to the value of a single token, this will render ETH much less valuable. In practice, this is extremely unlikely to happen, as miners are financially discouraged by doing so, since they have much more to lose, just part of the game theory.
ICON’s issuance is a system implementation which depends on activities happening in the network. There are also preventive measures such as issuance upper bound and representative mitigations. I explained issuance model in full in this thread: https://twitter.com/2infiniti/status/1060397068852748288
15) Where is the DEX?
For this one hear the explanation directly from Min: https://youtu.be/tk2tZpnrI0o?t=1662
16) How far are we from interoperability? Am I correct in saying that interoperability is years from completion?
Not entirely. Interoperability will likely take a few phases to roll out, what we should be anticipating for right now is BTP (Blockchain TransfeTransmission Protocol) specification.
What is exactly is BTP?
From the abstract level, BTP creates a mechanism by which two channels may pass messages to each other. BTP assumes that multiple channels (eg. private blockchains from ICONLOOP) running on the ICON network under their own state and logic, at the same time connecting to the base channel for consensus mechanism. This is the simplest form of interoperability.
Down the road we should expect more and more advanced versions, handling threat models, connection lifecycles, asynchronous requests, and all sorts of optimization and so forth. This is enabling interoperability between blockchains one phase at a time, gradually reaching the end game of hyperconnecting the world.
So how long is this going to take?
I do not know. But the purpose of this reply is to explain that interoperability is not an on-off switch, but will likely take many phases to roll out.
submitted by msg2infiniti to helloicon [link] [comments]

Freedom Dividend and Rent - Business idea?

Cross posted from yanggang Delete if not appropriate.
So... one of the attacks that is often launched against the FD is the idea that rent would go up by $1,000. Obviously, this is wrong for many reasons the Yang Gang has discussed. I just wonder if there could possibly another argument and business idea stemming to fight this?
Personally, I wonder if it would be possibly to setup a freedom dividend basic needs housing. For this, I am picturing living units that would provide basic needs, in exchange for the freedom dividend? What do I mean by this? I am definitely not an evil guy and would actually say this would combat the idea of a landlord jacking up rent, this would be housing that is not a non-profit but a business that would hopefully generate a steady income and put humanity first.
Ideally, these units would be structured as livable apartment complexes that feature 1,2,3 and 4 bedrooms. Each bedroom must be accompanied by another 18 year old+ adult and adds $1K in cost. Kids would coast an extra $200-$500 With this, utilities and 2 basic meals per day would be covered; hopefully with features built in, so subletting isn't possible, a person can't take advantage of included utilities and mine bitcoin all day, etc. I envision automation dispensing pre-packaged, low cost ($2-$3), nutritionally healthy meals for people to use their monthly credits on. I say 2 meals per day, since this would not be meant to completely provide for people and make them solely dependent on the FD. This would still require people to work to fulfill other needs/wants. I picture the meal system as a set of vending machines that heat pre-packed breakfast, lunch or dinner packs. People would use NFC cards/app to choose their meals. Obviously this would include a lot more work than it seems and thought, but it would be interesting to give people that food/housing foundation in exchange for the FD. This would not be meant to take people's FD but provide fair basic needs. Obviously this pricing be adjusted with the udnerstanding that people would receive the FD. So, if a place has houses for sale for $50K, you'd want to lower the amount of the FD that's taken or provide more amenities like a doorman (or robot??) more meals, entertainment, etc to charge more.
This is highly likely not to work in LA, SF, NY, DC, etc, but there are many places where this could be a possibility with the right investors and the capital injection from the FD. Any thoughts? I picture this also helping communities that are being deserted in exchange for places mentioned above.
Hypothetical: Akron, OH. I pulled cost of living from here: https://www.niche.com/places-to-live/akron-summit-oh/
So, let's say a 100 person unit is created and offers 3 housing units; 1 bedroom, 2 bedroom, 3 bedroom. Let's say 50 people (20 families?) move from Boston, because housing is too expensive and they have never been able to move before, due to cost and fear of not having economic stability or a job in the cheaper location. 35 of those people moving can receive the FD, the rest are under 18. If they were to effectively move into the housing complex, they would immediately bring the investoowner $35K/month, without taking into account children's cost or possible reduced cost to compete with the housing market. With that, they would bring the city of Akron $420,000/year of economic stimulus. The people would not have to worry about not having a place to live or food to put on the table. With that said, these families would want to be able to furnish their units, entertain themselves, buy school supplies for kids, etc. This would require them to get jobs. My idea is that even if there are no jobs, people would be more willing to venture into business ideas; mini golf, bowling, clubs, art, etc. Let's say people don't want to venture into new businesses, the local McDonalds, dollar stores, etc need people to work minimum jobs. Even at $7.25/hr that buying power is much higher than it would be in Boston. Since there would also likely be more children in the area, you'd have a higher need for teachers and administrators. This is also not taking into account an increase demand for CREATIVITY! People could finally pursue those life long dreams of writing a book, painting, creating digital works and selling those online or giving them away with advertising as a source of income.
That last setup was a bit confusing and not fully developed...but anyone else have thoughts and wants to jump in? Any investors thinking about this? :) This is definitely an idea that I would not mind having stolen!
submitted by StagSwag16 to YangGang [link] [comments]

Bitcoin ATMs - How To Use Them - YouTube BITCOIN VENDING MACHINE prototype - YouTube Bitcoin Vending Machine Prototype - YouTube Bitcoin Vending Machine Bitcoin Vending Machine your way to virtual currency

Bitcoin Vending Machines: The Next Bitcoin Machine You’ll See Everywhere. Bitcoin ATMs are a revolutionary technology, and Bitcoin vending machines may just be one more way cryptocurrencies slip into mainstream society. As blockchain technology becomes more understood, industries are racing to find practical applications in their given fields ... Crypto Vending Machine provides customers with the fastest way to buy Bitcoin. CRYPTOVENDS opens the market for any business owner who wants to start a ground floor, revenue-generating cash business with limited knowledge or tech skills. Bitcoin ATM's provide customers with cryptocurrency immediately to purchase goods worldwide. A Growing Industry. Bitcoin and Cryptocurrency are growing at a ... 1. Aeguana vending machine. London-based Aeguana is marketing a new vending machine that supports a wide range of payment methods including bitcoin. The machine has a spec sheet that wouldn’t ... Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion. Bitcoin ATM kiosks are machines which are connected to ... Bitcoin can now also be purchased at the vending machine in selected locations within Germany. After some legal difficulties, the operators decided to set up the machines after all. One or the other may still remember: Bitcoin machines have not had it easy in Germany so far. Some brave pioneers have already tried to exhibit; However, they had ...

[index] [50249] [18254] [49397] [16286] [51461] [33267] [619] [46824] [29373] [35088]

Bitcoin ATMs - How To Use Them - YouTube

Bitcoin Vending Machine (Bitcoin ATM) in Singapore Asia's first public bitcoin vending machine launched on Feb 28th, 2014 in Citylink Mall by Bitcoin Exchang... Bitcoin Vending Machine (Bitcoin ATM) in Singapore (Asia's first public bitcoin machine) - Duration: 1:11. Bitcoin Exchange 19,322 views. 1:11. BATMOne and BATMTwo - Bitcoin ATM - Litecoin and ... Bitcoin Vending Machine BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oBkhPhu3_B4 Very first, cobbled together version of a fiat (twd) to bitcoin vending machine. Hardware: ICT bill acceptor (XBA) and thermal printer (GP58IV) Software: pyt... Bitcoin Vending Machine Prototype BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/o...

#