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r/MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER

MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER
MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER
https://preview.redd.it/9rycme1mdgr41.jpg?width=200&format=pjpg&auto=webp&s=30c55fb3ff8b3705726a04109797063a26798798
Roger Ver, is one of the five founders of the bitcoin foundation. You could say he was ahead of his time, buying $25,000 worth of bitcoin when they were merely $1 each. He was the first major investor to invest millions in Blockchain.info, Ripple, Kraken, and Bitpay among others. Now he wants Bitcoin Cash, a fork of the legacy chain, to be used as a global P2P currency, and says it can scale just like Satoshi first laid out in the original Bitcoin whitepaper. -------------------------------------------------------------- Bitcoincash.org Rank: #5 Current Price: $257.65 Market Cap : $4,741,042,759 24 hour trading volume : 1.741 Billion USD -------------------------------------------------------------- Hi Roger, first and foremost, I wanted to thank you for taking the time to do this. You are truly a pioneer in the Bitcoin space, and all of us owe you a debt of gratitude. On behalf of all of us, I wanted to say thank you for advancing the space.
1. First, I want you to take a moment and appreciate how far bitcoin and cryptocurrency has come this past decade. Did you ever believe you would see such growth, interest, and adoption in such a short period of time or has it completely surprised you?
We always over estimate the amount of progress that will be made in the short term, but underestimate the amount of progress that will be made in the long term.
Crypto currency is another example of that.
2. At what point did it hit you that bitcoin was history in the making?
From the very first day I knew it was one of the most important inventions in the history of humankind.
The book Digital Gold goes over how I literally had to go to the emergency room because of the excitement I had for Bitcoin.
3. How did you first get into bitcoin, pre Bitinstant?
I first heard about it on the FreeTalkLive.com radio show.
A full history of the early years is covered well by Digital Gold.
4 .What economists and philosophers do you align with?
I think Murray Rothbard fits into both categories and his thinking influenced mine more than any other single author.
Others who have influenced me would include:
Adam Smith
Ludwig von Mises
Milton Friedman
David Friedman
John Locke
Henry Hazlitt
Frederick Bastiat
Larked Rose
Ray Kurzweil
6. What has been your favorite moment in crypto history thus far?
My favorite moments were reading the underlying philosophy behind the Silk Road.
The government has done an amazing job distorting and smearing the underlying message behind the site.
My eyes started to tear up when I read this post on the front page of the Silk Road for the fist time:
https://www.reddit.com/Anarcho_Capitalism/comments/29diyt/defcons_latest_post_on_silk_road/?sort=top
I never bought or sold a single thing there, but I spent countless enjoyable hours reading their forums and exploring the site.
7. What are your future plans for Bitcoin Cash?
It isn’t just a hobby, it’s a global revolt. We will become money for the world.
8. Branding is so important. Bitcoin currently has greater brand recognition a la Coca-Cola, and is regarded by many as the “real” Bitcoin, even though this is widely disputed, especially by crypto-fundamentalists. Do you envision a Coca-Cola vs. Pepsi type scenario? Do you envision parity price-wise between the two on a long enough timeline?
Bitcoin Cash has more utility than BTC, so in the long run it will have a larger market cap. Currently we are in the era when Myspace was bigger than Facebook, but Myspace’s servers were being over loaded and causing a bad user experience.
Eventually people migrated to Facebook and eventually people will migrate away from BTC.
8. a) Have you ever thought of re-branding Bitcoin Cash?
No one is in control to do such a thing by themselves. The community can’t even agree on orange vs green for the colors.
9. Bitcoin Cash has the potential to truly be used as a global form of payment rather than merely a store of value, what else excites you the most about the potential of Bitcoin Cash?
  1. Fast
  2. Cheap
  3. Reliable
  4. Private
Payments for the world. That’s all we need.
10. I asked Adam Back the same question: If you could remove yourself from the equation, and remove bias, how would you objectively evaluate the pros and cons of Bitcoin Cash versus The Lightning Network?
Anyone can permissionlessly start using BCH to start sending or receiving payments world wide in about 30 seconds. (The time it takes to download an app)
It is accepted by more than 100,000 websites around the world, and has millions of users.
Lightning Network would take about a full day to setup and get working permissionlessly, and would take several hundred dollars of additional computer hardware.
Once it is setup, you can spend it at about 300 websites world wide, and it has maybe a few tens of thousands of users.
11. When you’re not working, what do you like to do for fun? Favorite hobbies?
I enjoy reading, and Brazilian Jujitsu. I’m especially interested in doing more competitions before I get too old.
12. What are a few of your favorite books? What are some that have made a long lasting impact on you? (Can be fiction or nonfiction)
I loved the Age of Spiritual Machines. It painted a picture of how exciting the world is going to be thanks to More’s Law.
I also loved The Moon is a Harsh Mistress. I see crypto currency being a world life parallel.
13. What are you most excited about for the future of blockchain technology and where do you see the space in 5 years?
I’m excited to see wide spread wallets with strong privacy, and more agorism starting to take place around the world.
14. What are your personal theories of who Satoshi was / were, what was their motivation, and do you think something like bitcoin would have inevitably been created eventually, had Satoshi never existed?
I don’t know who Satoshi is or was, but it was clear they were trying to build a peer to peer electronic cash system, not what BTC has become today.
It was an inevitability that someone would create something like Bitcoin eventually. People like David Friedman and others had been writing about it for decades in advance.
15. What advice would you give our viewers regarding blockchain, business, motivation, or life in general?
Read more books. Reading a book like having a one on one tutoring session from the author. It’s the best way to learn directly from the greatest minds the human race has ever produced.
BONUS:
If you were a director and could make only one film out of all the wild stories regarding crypto, what subject matter would you choose and why?
The Silk Road because it embodied the spirit of peer to peer cash and voluntaryism.
submitted by blindedzeppelin to mainstreetcrypto [link] [comments]

Recap of Binance English Kava AMA (May 2020)

This AMA was conducted within the Binance English Telegram channel prior to Kava's June 10th launch of its DeFi Lending Platform.

Q1:

Can you give us a little history of KAVA?

Q2:

Could you please tell me what KAVA cryptocurrency is? What problem does it solve?

  • Answer - KAVA is the staking, governance, and reserve asset of the Kava DeFi platform. KAVA is required by node operators to secure transactions on the blockchain. Additionally, when lending fees are paid, they are converted to Kava and burned reducing the overall supply of KAVA tokens. As more users use the Kava lending platform, KAVA should become more scarce overtime.

Q3:

What is the advantage of keeping the KAVA token for a long and short term?

  • Answer - In the short term, if you stake KAVA you can earn additional block rewards every day, block by block. This provides a nice steady return on the Kava usually in the range of 3-20% depending on the number of people staking.
  • We will be opening the gates of DeFi to many top tier assets such as BNB, XRP, ATOM, and BTC which have never been able to use lending, stablecoins, or other DeFi Services. If you are a KAVA hodler you can benefit from owning and having a stake in the network as we grow because as the network grows, Kava is burned and it becomes more scarce as a resource.

Q4:

Chainlink is KAVA’s partner, can you explain more about this partnership?

  • Answer - Yes, this is not the usual chainlink partnership where a blockchain consumes data from Chainlink’s oracle solution.
  • No oracle solution adequate for DeFi applications on Cosmos was available. For this reason, Kava has teamed up with Chainlink to bring its data and reliable oracle solution to the Cosmos ecosystem. Chainlink nodes now will be able to securely publish data directly on the Kava blockchain where it can be used or easily transported to other Cosmos-based blockchains and applications. Chainlink oracles on Kava utilize all the industry-leading technologies of Chainlink, while enabling more frequent price updates and improving the reach and distribution of where that data can be used.
  • Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (Binance, Terra, OKChain, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices. For DEX’s like Binance this will enable them to create futures, options, and other derivative products they were not able to do so before.
  • TLDR: Kava + Chainlink Data creates the ideal hub for all blockchains and applications to get their DeFi services and Data, and as result makes Kava a natural hub for the growing Cosmos ecosystem.

Q5:

What is the KAVA CDP product? Do you have any exciting things down the pipeline that you can share?

  • Answer - First, let me clarify that CDP simply means “collateralized-debt-position” similar to CDOs that exist in the traditional finance world. What it means is a loan using collateral to back the loan.
  • Kava’s lending platform offers collateralized loans to users who have crypto. Getting a loan with Kava’s platform is great if you don’t want to sell your crypto position, but need short term cash for payments or if you want to use the loan to get a levered / margin position without going through KYC.
  • As for news! Kava’s lending platform is scheduled to officially launch on the mainnet June 10th.
  • At this time, DeFi will be made available to BNB for the first time ever. Also at this time, the Kava DeFi platform will be awarding the first users that have BNB extremely high rewards for being early adopters.
  • Each week, 74,000 KAVA will be given out to all the users who have taken out loans on Kava. Yes, you get free KAVA, for taking out a loan using BNB!
  • If you want to participate, you can learn more about how to do it here!
  • Medium

Q6:

Why should BNB users use KAVA’s lending platform and take out USDX? And how to mint USDX with BNB on KAVA CDP?

  • Answer - Free- maybe let's call it rewards for being good users 😉
  • The rewards are platform growth incentives so that we can grow the platform quickly.
  • Well at launch, definitely the KAVA rewards are a huge reason for BNB users to use it.
  • As for the product long-term, the major use case for our lending platform is to get a levered position without needing an exchange or to go through KYC.
  • How it works is that a BNB holder can deposit their BNB and take out USDX loans - this capital they will take and buy more BNB with it. Most people will use the loan this way to get 2-3x the original BNB amount. If the price goes up on BNB, they win 2-3x the gains!
  • Of course if the price goes down and they cannot repay their loan, the BNB collateral might get liquidated, so be careful, it works just like a margin trading account.

Q7:

Brian do you have any more information or links for our community about this?

Q8:

KAVA was initially planned to launch on Ripple network but later switched to Cosmos Tendermint Core. [email protected] is that something you see in Tendermint Core that is not available anywhere?

  • Answer - For clarification, Kava was never planned to be on Ripple. However, Ripple is a Kava investor, shareholder, and partner.
  • We selected the Cosmos-SDK featuring the Tendermint BFT consensus because during our past work with Ripple, MakerDao, ETH, and other layer 2 work we learned the value of “finality” of blockchains. For example, on ETH, the finality of blocks do not happen right away. You need to reach 15+ blocks to be confirmed on Ethereum to really know a transaction has passed. This results in really slow user experiences that aren’t acceptable in finance or any application really.
  • Tendermint solves this because it makes every transaction final and occur in seconds.
  • Additionally, we chose the Cosmos-SDK as the framework to build our stand alone blockchain, Kava because it allowed us to create our own security model and design which enables Kava as a DeFi platform responsible for millions of dollars of collateral to be very secure in a way we could net get if we built it on any other network.

Q9:

KAVA does cross-chain support. Compared to other DeFi platforms, KAVA offer collateralized loans and stable coins to users too. How will volatility be managed there with so many different collateral systems in CDP?

  • Answer - Volatility is an important consideration and accurate and timely price reference data is needed to make sure the system works.
  • All the collateral positions rely on price feeds from oracles to determine if they are safe or need to be liquidated. Kava has created a novel partnership with Chainlink, where Chainlink oracles that normally run on Ethereum, operate nodes directly on Kava where they can post prices. This Kava to avoid network congestion, high gas fees, and other less desirable issues found on Ethereum, while enabling the oracles with Kava’s fast blocktimes and finality so they can actually deliver price updates 10-20x more frequently than is possible elsewhere. This makes Kava’s price feed data very reliable.
  • In times of volatility, if liquidations occur, the Kava platform automatically auctions collateral off for USDX on the market and burns the USDX. This mechanism keeps the system balanced and USDX algorithmically stable and always fully collateralized by real assets.
  • And it does this transparently, unlike the real world CDOs which caused the world issues in 2008 due to the lack of transparency in their assets and risk.

Q10:

Recently, Binance has released a white paper on BSC, a Binance smart chain. So, what can I get by staking through Binance Coin BNB?

  • Answer - Yay for smart contracts!
  • What can we get by staking bnb?
  • Staking BNB on Kava, or depositing it in a CDP and creating USDX from it earns users KAVA in rewards everyweek. A lot of rewards. In addition, you get USDX to hold which also pays out a savings rate each block that is much better than say what USD in a checking account could do.

Q11:

Various platforms are in Ethereum. So why is Kava not at Ethereum?

  • Answer - I could speak about this for ages, but there is a reason for Ethereum being the home to many hacks and bugs.
  • Kava is not on ethereum because we couldn’t build our system there. The main reasons. as I have mentioned are:
  • (1) Ethereum has congestion, oracle issues, high fees, and slow block times.
  • (2) Ethereum’s open smart contracting system can do anything. This is great for building crypto kitties, but horrible for financial software as it makes all code have infinite attack vectors that hackers can use which are impossible to test for. We built our own chain so we could scope the code and limit what attack vectors are possible.
  • (3) Building in solidity, the language of Ethereum, is horrible. The development environment is bad, testnets don’t work, and many other things are painful. Kava is primarily built in GO which is far superior for financial applications in most respects.
  • (4) The future is Cosmos. Binance, Okchain, terra, Cosmos Hub(ATOM), and Kava all are created using the Cosmos-SDK framework. I believe this is the future and the blockchain developers are moving to this in mass. Over 110 projects now are building with the Cosmos-SDK.

Q12:

What are ways by which Kava project generates profit/revenue to maintain project. What is your revenue model?

  • Answer - Kava is a for-profit financial DAO with over 80 different businesses staking Kava and voting on its evolution. They want to see Kava succeed so they vote to fund operations and developments that drive user growth in Kava. Due to fees paid in Kava and the burning mechanism, as the system grows in users, the Kava supply decreases making those that hold Kava win due to scarcity.

Q13:

Lending/Borrowing has been introduced by Binance. How can this affect the Kava since people can directly borrow BUSD from Binance with BNB used as collateral than going to Kava?

  • Answer - Kava will be featured on Binance as well. The main benefit of Kava is that there is no counterparty. The capital is minted on demand not sourced from somewhere. Binance and other centralized parties on the otherhand need to find capital to provide loans, creating a cost of capital. Kava is much more efficient at providing capital and avoids a lot of regulator issues.
  • I'll add I think BUSD in the future might be usable for collateral to Kava's loans as well. It would be cool 🙂

Q14:

What's your opinions on Future of DeFi & DApps? Do you think that DeFi is the future of current Financial world? Also, How do you see the future of KAVA?

  • Answer - I believe Centralized Finance and the existing infrastructure has a place. It has a lot of issues that cause things like the 2008 crisis and the current insolvency issues that are happening across the world due to trust-based debt with no actual backers other than the people which end up bailing out banks and other financial institutions that have made poor decisions.
  • DeFi's future is bright because it solves this fundamental issue. It removes trust and adds transparency. Kava is right at the foundation for all of DeFi as things grow and mature.

Q15:

Recently, we have seen some big hacks in DeFi platforms. How will KAVA deal with these bad actors of crypto and what security measures have been taken by KAVA for the safety of users' funds?"

  • Answer - Unlike a lot of DeFi startups, we take things seriously. We don't ""move fast and break things"" as Mark Zuckerberg would say.
  • We do a thorough analysis before suggesting to deploy code. Our internal team works very hard to run tests and simulations, once it passes internally, we give it to 3rd party auditors who try and game it and break the code. If it passes there, we give the code to the community to review and vote into the mainnet. In this way, I’d estimate about 100+ people review our code and test it before it goes live and consumers can touch it. I don't know many other project teams that due things with such diligence.

Q16:

Binance for KAVA is a very valuable partner in terms of increasing the number of users, but what is KAVA ready to give equivalent to Binance users? What applications will be integrated into Binance to expand the ecosystem?

  • Answer - Kava gives the BNB users loans. It gives the DEX a stablecoin and the ability to offer margin products. Kava’s connection to binance chain and chainlink data also enables Binance DEX to offer trustless derivatives like options and futures products going forward.

Q17:

Cosmos has limitations on working with PoW coins. How do you technically solve the problem of implementing DeFi products for bitcoin?

  • Answer - Cosmos is great for hard-to-work-with blockchains like BTC. It's flexible in how you can construct bridges. For example, the validator set can have a multisig private key split up into pieces in order to create a trustless escrow and control of assets on other blockchains. In this way, we can create peg zones with Cosmos for the best assets in the world. Once a zone is established, it can be used on Kava and other Cosmos chains.

Q18:

USDX is currently a little-known stable coin. Do you plan to add it to the top exchanges with good liquidity, including Binance?

  • Answer - USDX will be growing quickly. We have a plan to have it listed and get liquidity across several known exchanges shortly after launch.

Q19:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer - Using Kava for Margin trading is 100% optional. You can choose how you want to use the margin loan. You don’t have to spend the USDX unless you want to. It could be used for everyday payments as well in the case you simply don’t want to sell your underlying collateral. If you don’t want the risk, do small loans with lots of collateral.

Q20:

Will your team have a plan to implement the DAO module on your platform, as it provides autonomy, decentralization and transparency?

  • Answer - DAO - Kava is a for-profit DAO and it’s fully functional already. We have on-chain governance and have underwent several votes and evolutions you can look at. You actually can see some current voting processes taking place here: https://kava.mintscan.io/proposals
  • We recently implemented a cool feature called committees, which enables the DAO to elect a small group of experts to make decisions without needing a vote of the whole user base. This enables the experts to have control over a small portion of the protocol - such as monitoring the debt limit, fees, etc and enables Kava to operate faster and be more adaptable in volatile market conditions.

Q21:

How can we address the possible overloads and security threats caused by increased users in the DeFi scene?

  • Answer - Yes, this is a huge issue for Ethereum, MakerDAO and everyone in the space. I don’t see a bright future for DeFi on Etheruem unfortunately. You can’t have a blockchain do everything well. Tether alone congests most of Ethereum and makes oracle price feeds lag the market. This can cause liquidations that should not happen and real people will lose real funds. It’s a huge issue.
  • The hope is for a dedicated system like Kava to provide a better backbone for DeFi applications going forward.
  • I should point out that Kava is not just a MakerDao for Cosmos or a CDP for Bitcoin. Kava is designed to be a foundational layer for DeFi services that every new blockchain and application will need.
  • Every blockchain will need DeFi services like lending, stablecoins, and data and they need it to be very secure. Kava does all this with its cross-chain lending plarform, USDX stablecoin, and Chainlink data in an incredibly secure, but accessible manner.
  • In this way, Kava aims to connect and serve all the major cryptocurrency communities and build it’s place at the center, where every developer can get what they need to build financial applications of the future."

Q22:

What distinguishes Kava from your existing competitors like Syntetix?

  • Answer - Synthetix isn't really a competitor, but it is an interesting project in terms of mechanism design. We share a lot of common investors and have similar token economic ideas with them. The only blockchain project that could be is MakerDAO, but they can only work with ETH assets due to their design. We are focused on the major cap assets - BTC, BNB, XRP, ATOM and others have a much larger market than ETH to address. BTC is 10x the size alone. Currently no one serves them with DeFi. We’re going after this opportunity and believe it to be a huge one.

Q23:

Why is the KAVA coin not used for Mint, why am I asking that because I see it can also make the value of KAVA coins grow naturally?

  • Answer - Why is Kava not used as a collateral? Well, it could be I suppose. The community might vote for this in the near future if they want us to be like synthetix. It makes the Kava token more valuable and it will incentivize much more locked-up Kava reducing overall circulating supply which is fairly favorable. The main reason we have not done this yet is that we(Kava and its community) are still weighing the risks of doing this given that Kava also functions as a reserve asset. I think it's likely Kava gets added as collateral at some point, but it will likely have a high debt-collateral ratio to address the issues similar to Synthetix which is 750%.

Q24:

How do you prevent in a manipulated KAVA Mint just to take advantage of a token prize when minting?

  • Answer - Minting rewards and manipulation. We’ve thought of this. Each week, the blockchain counts all the blocks, counts how many people had a loan in that period, then takes the average loan amount over time to calculate the rewards. If you open and close a loan - you will get very little rewards. You only get a large reward if you keep the loan open the full period.

Q25:

Who are your oracle providers? Are you also an oracle provider?

  • Answer - Kava may run 1 oracle in the future, but we will always have many and be the minority. Most chainlink oracle node operators are large players in the space that run staking infrastructure companies like cosmostation, chainlayer, chorus one, figment networks, etc. Binance will also be one of our oracles.

Q26:

If we look at all the different types of DeFi products _(decentralized exchanges, stablecoins, atomic swaps, insurance products, loan platforms, trade financing platforms, custody platforms, and crowdfunding platforms) currently covering important areas of traditional finance...where does Kava fit in?

  • Answer - To make any interesting financial product work you need capital, a stable store of value, and price data. These are really hard to get on current blockchain environments. Kava provides all of these.

Q27:

Many people describe Kava as similar to Maker (MKR). How is Kava different? Why do you think Kava has more potential?

  • Answer - MakerDAO is a smart contract with a singular purpose, to serve ETH. It sadly inherited the problems of ethereum. Kava is designed from the ground up for security and interoperability. We are targeting bigger and better assets and have more capabilities to serve them with what their developers and ecosystem need.

Q28:

What is the uniqueness of KAVA project that cannot be found in other project that´s been released so far ?

  • Answer - Well in June 10th, we will be the first ever blockchain project to bring DeFi to another blockchain in a real way. BNB users will have loans, stablecoins, and much more.

Q29:

The gas fee is an issue for blockchain besides scalability. Does your Kava provide a solution for gas?

  • Answer - gas fees are very low on Kava, only high enough to prevent spam. We dont need high fees for TX because validators are paid in block rewards. Additionally, we dont have competing transactions from crypto-kitties or other non-financial applications. This leaves all of Kava's throughput 100% dedicated to scaling financial transactions.

Q30:

Kava project works on DeFi (Decentralized Finance) But what’s the benefits of Decentralized Financial system? What are the possibilities of DeFi over Centralized Finance system?

  • Answer - Open access, no need for trust, and no censorship by singular governments or parties. Kava is accessible anywhere in the world, by anyone.

Q31:

Data supplied by oracles are false at times, how do you prevent this? How reliable are data received by KAVA?

  • Answer - This is why using premium / credentialed APIs is important for oracles. These data sources tend to be more accurate and better managed. Wrong prices can happen - for liquidation systems like Kava, we factor this into our design by using an average of data overtime form all oracles as part of the calculation.

Q32:

Can anyone become a KAVA validator, or is it just an invitation from the project itself? What are the requirements for becoming a KAVA verifier?

  • Answer - Anyone can become a validator, but you will need to stake or have enough stake delegated to you from others to be in the top 100 validators to earn block rewards.

Q33:

DEFI PULSE said that a total of 902M is currently locked. According to you, how will this number change in the next few years, and how will KAVA position itself as the top player in this market segment?

  • Answer - DeFi will only grow through 2020. And likely grow massively.
  • All projects on DeFi pulse are ""ethereum"" based. Kava is going to shake the blockchain world in the next few weeks by being the first ""multi-chain"" project on DeFi pulse and by my estimations we should quickly surpass a lot of the projects on that list.

Q34:

I am an testnet minter and the process seem Simplified, now I want to know if minting of USDX will continue when you launch Mainnet and do you have plans to build your own KAVA WALLET for easy minting on your mainnet

  • Answer - Simple blockchain experience?! high praise! Yes the process will be the same. Kava will not provide interfaces or wallets. Kava Labs builds software for the blockchain, our community members like Cosmostation, Frontier, Trust Wallet build support for people to interact with it.

Q35:

What business plans does Kava have with Seoul (South Korea) after partnering with Cosmostation? Do you plan to expand your products beyond Asia? Have you thought about harnessing the potential of South America?

  • Answer - South Korea is a perfect market for Kava's DeFi. Regulations prohibit fiat-backed stablecoins and margin trading. Kava's platform uses crypto-backed stabvlecoins and can enable users to get loans to margin trade. I am looking forward to further developing the Korean market for Kava, working with close partners like Cosmostation and showing the world real use cases of DeFi.

Q36:

Thank you for taking the time to conduct this AMA. Do you have any parting words, and where can the people go to keep up with all of the new happenings regarding Kava Labs?

  • Answer - Thanks for all the awesome questions! Amazingly thoughtful!
  • I've been promising the world cross-chain DeFi since June of last year. The IEO and mainnet went live Nov 2019. It's been a year of hard work - but an industry first is coming on June 10th. I'm excited. I hope you guys are.
  • Thanks for having me, I hope you become a USDX minter and get KAVA rewards. And last but not least, I love Binance - it's Kava's first home and I'm really happy to open up DeFi to BNB first.
  • To keep up to date w/ all things Kava: Website - Telegram - Telegram for Kava Trading Chat - Twitter - Medium
submitted by Kava_Mod to KavaUSDX [link] [comments]

MeWe: A trip report

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

Leadership

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

Advisory Board

Ownership & Investment

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

Business

Policy

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

Privacy

The privacy policy addresses:

Terms of Service

The ToS addresses:
Effective: November 6, 2018.

FAQ

The FAQ addresses:

Values

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

Privacy Bill of Rights

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

Press

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

Self-reported articles

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

Other mentions

A DuckDuckGo search produces several other press mentions, including:

Technology

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

Mobile Web

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

Mobile App

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

Desktop Web

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

Onboarding

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

Interface

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

Features

Among the touted features of MeWe are:

Community

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

Size

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

Active Users

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

Groups

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

Google+ Groups

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

Political Groups

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

Conclusion

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

Updates

submitted by dredmorbius to plexodus [link] [comments]

I'm disappointed with this sub and this is why I have not been posting lately.

So five people sent me messages asking where I have been. I wanted to take this time to explain.
This post "How come communists don't move to communists countries?" is the kind of thing that discourages me from participating on this sub at all. That is, it's sub-par and intellectually poor. And nonetheless there it is, at the top, one of the most popular topics.
First a few comments on that:
There are no states that communists believe represent an actual dictatorship of the proletariat. Let's take the Democratic Republic of North Korea for example - how many supporters of democracy or republicanism would call it either of those? That's basically the status of communist states. This sub is incredibly ill-informed about communism, which is ironic given the fact Mises wrote short, simple tracts about communism (which it seems few anarcho-capitalists have read), and given that some anti-socialist or anti-communist point is always being raised. You're not helping. You are making the communists look reasonable.
Even in the historical scheme, pre-Stalin, the USSR's official position was that it was a pre-communist state attempting "state capitalism" to arrive at Marx's claim of the inevitable (according to the philosophy of historical materialism) transition of capitalism to communism. Even Ludwig von Mises said state capitalism was an alternate term for the Soviet and socialist projects when he was alive. The fact that anarcho-capitalists don't know this, and make arguments like "why don't you go to a communist country," indicates to me the level of discourse here. For the few people who messaged me asking where I have been, it's basically due to that.
So that whole thread is bad and a perfect example of what is known as a cognitive blind spot. "Just go somewhere else" is a bad argument from statists, anarcho-capitalists rightly reject it, but in the same sphere of discourse "just go somewhere else" is an argument I see anarcho-capitalists make all the time. Including here. And for an ideology that says "not real capitalism" every time actual capitalism is discussed, it's throwing stones in a glass house to poke at communists for "not real communism." As Mises said: you're already living in a capitalist economy. However, per Mises, how many economies are actually centrally planned and heavily state owned now? North Korea and, incidentally, Singapore: a country I personally have millions invested in is a post-socialist state with heavy central planning.
Look at these comments:
Upvoted - chbrules:
Rather than pragmatists, which us AnCaps and libertarians tend to be, they are armchair philosophers and idealists.
Downvoted - birdflyno1234
How many a caps went to Chile or joined the fsp?
Anarcho-capitalists are the epitome of armchair philosophers and idealists. Almost none are following through with any practical or material strategy. Not Rothbard's or Hoppe's, voting, not Konkin's, agorism, not Cantwell's, violent struggle. I've been told multiple times here that anarcho-capitalism is not even a political philosophy, but "a lifestyle." "Free your minds, man. Free your minds."
Second highest comment:
deparaiba
They want a communist country which is as wealthy as a capitalist country.
Wait, real capitalism, a real capitalist country, or fake crony vampire corporate statism? As an actual capitalist, one of the only ones (if not the only one) on this entire sub, I'm sure I'd fall into the latter category. Not wantrepreneurs, or "small business people," but those of us involved in the owning and operation of large, international industry. None of you. There are no anarcho-capitalists here who are actually my peers as far as I can tell. The "capitalist country" that is simultaneously "capitalist" when convenient and then "corporatist" when you want it to be isn't a product of anarcho-capitalism, it has nothing to do with anarcho-capitalism, and I would help it grind anarcho-capitalism into the ground if it threatened any of my capitalist interests. What we have is reality versus a purely ideological free market. The reality of those wealthy capitalist countries is that they are a product of people like me, actual capitalists, who fit into a big collective scheme. A scheme involving layers upon layers of regulation, the state, protectionism, planning both inside and outside of industry, and more scare words sure to drive anarcho-capitalists away. Would it all be better without layers of bureaucracy? Maybe, in fact probably. Does that mean, therefore anarcho-capitalism? No. And now we're wandering back into what chbrules said: you're "armchair philosophy and idealism." Non-capitalist philosophers of an ideology called "anarcho-capitalism" taking credit for the hard work of actual capitalists who have built the economies that exist today.
When an anarcho-capitalist becomes the leader of an industry, or even a moderately significant person in an industry, or when an anarcho-capitalist project succeeds, only then is there going to be some basis for this kind of rudimentary anti-communist circle-jerk to even occur. Yeah, communism sucks. As a real capitalist I can say that, because with real capitalism I helped build some of the actually existing industries of the world. But communism has been more successful than anarcho-capitalism, even in its North Korean form, simply because it actually exists and anarcho-capitalism does not. Actual existence trumps the anarcho-capitalist myth of an imaginary society. Repressive communist regimes built factories, tanks, and nuclear weapons. The Soviet Union put satellites in orbit and pioneered medical techniques still in use toady. The Cold War was a testament to the "failure" of communism as much as it was to the fact that communism was able to amass such incredible power, an empirical measure of success in my capitalist point of view, that it it took over half of the world. Anarcho-capitalists have not built shit, excuse my language, and at best take credit for fringe inventions only superficially related to anarcho-capitalism in vague ways (Bitcoin, Uber). You're not anywhere near the league of actual political movements, be they communist or capitalist, or statist, or left-anarchist, or anything at all really.
Here's a stupid comment on multiple levels from the same thread:
Mashimoto:
Actually, Vietnam is a great place for Ancaps. Vietnamese are the most pro-free market people in the world, too
I employ over 100 Vietnamese people in a factory in Vietnam. It's regulated by the state. I know about ten of those people on a personal level, as in I sleep in their homes and eat with their families, all of who also operate their own stores. This is "capitalism" or "pro-free market," I'm sure, to a lot of you. How many anarcho-capitalists live in Vietnam? Better yet - how many of you own capital in Vietnam and have Vietnamese employees? Every single one of these people - successful businesspeople and entrepreneurs in Vietnam - identify as communist and idolize Ho Chi Minh. No, it's not lip service, no, they're not pretending. They view their employment and factories along socialist lines, with collectivist ideologies and goals. The fact is that the anarcho-capitalist understanding of socialism and communism is so rudimentary that you might think selling some dried antler on the black market, or operating a storefront that sells knockoff tshirts, is "free market." These people view it as socialist: they are just "owning their own means of production." There is this entire realm of anarcho-capitalist myth making - it's like the Medieval Iceland "polycentric law" myth. If Vietnam is such a great place for anarcho-capitalists, why don't you come on over and try it out.
The rebuttal: "free market, liberty, authoritarian, real capitalism, etc."
I've clearly read enough about anarcho-capitalism (probably more, check my posts if you disagree) than a lot of anarcho-capitalists. Why, then, do I identify as a classical liberal and not an anarcho-capitalist? I do believe that the state could be replaced with private means, after all. I do think Hoppe's model would work. So why don't I identify as Hoppean, at least? Because the entire ideology is filled with people who do nothing. You're basically all do-nothings. Ask yourself: what physical actions have I actually taken to create an anarcho-capitalist society, "state," etc. You've got no actual capitalists, by which I mean in the classical liberal sense owners of capital and the means of production. And so there is no one with power or influence. I read an article about a Greek anarchist, a bank robber, the other day. I found it easier to relate to him, this communist leftist, than most of the people here. Why? Because anarcho-capitalism is also an ideology full of people at the very bottom of our capitalist hierarchy. But instead of fighting it, or trying to reach the top, anarcho-capitalists are basically subservient sycophants. Yes, you can thank me for the fact that I probably work harder, longer, smarter, produce more value, and raise the standard of living for all of you non-capitalists. But why would you? What is the personal motivation I mean? I don't know how many of you are ex military, but it's like the person who comes up to you and fawns over you with "thank you for your service," like a groveling peasant. That's the way anarcho-capitalists as people are starting to look to me. By the way, you're welcome for my capitalism I guess. Thanks for being consumers.
It's just pitiful. From my point or view, as someone at the top, it makes sense. But how do you justify it being that you're all at the bottom? Lack of ambition and drive? Just not one of the natural elite? Happy to let the real leaders just lead you along? Time preference? At least the communist bank robber seemed to have some masculinity, which I can't really attribute to the people who calmly work for me. If I had to pick between the communist bank robber, one of my employees, or one of the people on this sub to have lunch with, I'd pick the first in a heartbeat.
I saw the recent demographic or survey results. Everyone was cheering because they made what, slightly more than the average? This was also pitiful. It doesn't surprise me that no real capitalists are anarcho-capitalists, because with that kind of mentality you're content being at the bottom, followers basically, to leaders. Look, even the "leaders" in anarcho-capitalism, let's say Hoppe for example, are not the elite. Hoppe said as much: he would not be employed, one of the natural elite, doing what he does, without the state. Mises, Rothbard, Friedman, Hayek, etc. Egghead academics and philosophers in the pay of those of us who produce value and make money. So it's a movement of followers (workers) cheering us leaders (capitalists), even at the very highest levels. The poor criminal communist who goes and robs a bank has more of the "spirit" of the actual capitalist, the risk-taker or entrepreneur, than the people here. At least he was not just kissing ass, which believe me, those of us with lots of employees have enough of. That's what anarcho-capitalism reminds me of: anarcho-capitalists are my subordinates in corporate settings who kiss ass. That's the kind of personality impression I receive.
I hope you appreciate the honesty.
submitted by CabMinerJunket to Anarcho_Capitalism [link] [comments]

The future of Bitcoin in an increasingly restricted world

I'm sure by now all of you have read https://medium.com/p/d5545bf0e2cb .
I reread the article yesterday, and I have thought a bit about its message. Here are my conclusions (in TLDR form), which I substantiate below, as free as you are to disagree with them:
I don't think Bitcoin is going to be dead, but rather that its usage may revert to the original purpose it was invented for.
What I am trying to say is that the real value proposition, the killer app of Bitcoin, the one intended by Satoshi himself, isn't low fees, nor speed of transactions, nor decentralized trust, but rather it is an engineering solution to a social problem. The problem is malevolent organized intervention attempts against people, who freely and consensually use their own money, according to their own criteria. The solution is to paralyze and bypass said intervention, decentralized trust being integral to that solution. What an evildoer can't see, he can't attack. Bitcoin delivers that killer app, like any other cypherpunk / cryptoanarchist technology (SSL, GPG, Bitmessage, Open Transactions) in the same category.
So how do I think Bitcoin usage will change? Well, to be able to predict what may happen with Bitcoin in the future, let's look at who wins and loses given this killer app, and their likely behaviors.
Let's start with the losers first.
Quite obviously, rulers of nations (defined here as people believed to have the exclusive power to make up rules for everyone else, to adjudicate the rules, and to enforce them) understand that people gaining control of their own money and paralyzing ruler intervention is a grave threat. In other words: such private control of money means they lose control over the money of their subjects.
We part-time slacker students of history also happen to know how they react to such systemic threats of loss of control, because we have seen what they have tried to do covertly (sabotage, rule violation) and overtly (rule making, rule bending) to subvert prior cypherpunk tech that affords more control to the end user, like SSL and PGP.
Now, comparing PGP to Bitcoin, Bitcoin is obviously more subversive a technology -- heck, it's not just stateless communications, it's stateless money -- so I expect these people to try sabotaging Bitcoin even more frantically.
I predict they will prescribe new, ever-more-restrictive orders against Bitcoin, until any and all use of Bitcoin will trigger a punishment, or at least be heavily surveiled to keep everyone "in the farm" so to speak. Most subjects will elect to "stay in the farm", abandon Bitcoin, and comply with the rulers.
OK, we've analyzed the losers. They lose. Now let's look at who wins.
It's a no-brainer that, if you know someone is spying on your Web browsing, and you are made aware of SSL, your use of SSL will likely go up, not down.
It's the same with money: facing increasing demands of control over how you may use your money or how much of it may you keep -- your use of a technology that protects your money from others taking it / spending it against your will, is likely to go up, not down.
In other words: I expect to see increased use of Bitcoin in the future, that is explicitly intended to disobey orders from rulers.
Bitcoin will undergo a process of evaporative cooling, where the mainstream speculators and obedient actors exit the market, leaving agorists, members of blue markets, people who intend to conduct business in flagrant disobedience while resisting attempts of punishment. Protected by already-known advances in anonymity (like stealth addresses), these many Bitcoin users will remain relatively safe from rulers' attacks against their prosperity and well-being. They will "step out of the farm", if you will.
Of course, this remaining group includes both bad actors (e.g. fraudsters) and good actors (people running honest businesses). This problem will be resolved by increased research in stateless reputation systems to protect everyone against fraudsters (which happened to work very well in the Silk Road, according to users' reports in the /SilkRoad subreddit).
In short, this leads me to believe that Bitcoin in the future will be primarily used by two groups of people:
In other words: rather than the future of "mainstream acceptance" that mainstream Bitcoin users envisioned, Bitcoin's future is increasingly looking like the mainstream's absolute worst nightmare: a niche independence tool for widespread yet invisible economic defiance and self-defense against the very orders that the mainstream can't even conceive to disobey. To take an example I have witnessed personally: if you sell copies of DVDs in the streets of Guayaquil, this tech is literally the difference between losing all your capital and your profits, versus only losing a few DVDs, at the hands of the street cops blatantly stealing your stuff.
You may think this is provincial. It really isn't. Given that the blue markets rival the "official economy" in size, and given that Bitcoin may offer a chance to secede quietly, safely, and privately to participate in the blue markets, the potential for Bitcoin and allied technologies like Open Transactions is enormous.
Of course, it could also be the case that the rulers succeed in putting the cat back in the bag, and manage to eliminate Bitcoin completely, or subvert it altogether. I will believe that is possible when they have eliminated BitTorrent. But, so far, I have only seen them act all keystone kops, stealing a few DVDs from street vendors, and the first world equivalent thereof (ruining middle class people).
Satoshi famously said: Bitcoin alone will not solve the problem of financial oligopoly, but I hope Bitcoin would buy us all some time in that struggle for freedom. I, for one, am stocking up on popcorn, to properly enjoy the slo-mo clash of these two worlds of ideas in the years to come. Heck, it is already very entertaining to witness today.
Reprinted at: http://rudd-o.com/archives/the-future-of-bitcoin-in-an-increasingly-restricted-world
submitted by throwaway-o to Bitcoin [link] [comments]

Cryptocurrency Weekly Recap

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

The beginning of the great transition to an Ancap world

We have already entered the transition - it began with the creation of the internet. Going by the definitions of a state that Julian Assange has laid out here: Control of force, control of communications and control of violence. Free market, open and freedom oriented solutions for all of these are emerging into the world today:
Combine these things together and what happens? Let's look at some business examples...
Getting back to the OP's question. You ask "how do we get there?" The answer is simple - by proving to the world that using non-violent methods to interact creates that opportunity for frictionless, open, transparent, censorship-resistant, EXTREMELY PROFITABLE and economically uplifting effects.
Once they see that, they will switch - in the same methods that consumers switch to better, cheaper, faster and easier products at the grocery store. When the choice is made available, the consumers will choose.
submitted by bitcoinisawesome to Anarcho_Capitalism [link] [comments]

I am a new anarchist and I have some questions about mutualism

I am a new anarchist and I am seeing the anarchist branches. I am making some readings and I have some doubts about mutualism:
1 - What dictates the value of my money?
1.1 - If I go to another federation, will my money be valid? Can my money lose or gain value in this other federation?
2 - What about people who cannot work (maybe for some very serious deficiency) and have no family or friends to support them? Will they depend only of some charity?
3 - Everybody must be an entrepeneur or will there employees? How the system will work for the employees? If I have a business and I have to contract 3 people, everyone will gain 25% of the production?
4 - The price of a product is the same of the cost of the production? If yes, where I will get money for expanding the enterprise and also purchasing products of my personal necessity?
5 - Explain like I am five: how works the mutual bank?
6 - So, EVERYTHING is private, though big enterprises are owned by cooperatives, isn't? Even schools, universities, hospitals, water distributors are private, isn't?
7 - About big enterprises like a mines, hydroelectrics, etc, whatever that depends of important resources: how mutualists deal with them? I mean, who will give the right to manage so important resources? Will everyone in the federation have some power of decision regarding enterprises that effects the lives of hundreds or thousands.
8 - If employees are permited: can I small group of people own a big enterprise? Can one person (or a very small group) claim that a entire factory is within his/their area of occupancy and use, then so few people create an empire?
9 - What does mutualists think about bitcoin?
10 - What does mutualists think about agorism (of Konkin III)?
submitted by Rasolar to mutualism [link] [comments]

aiShare : crowdfund the decentralized Singularity

The internet is slowly decentralizing many aspects of the world economy, but large research projects are still almost entirely the domain of government and corporate bureaucracies. This does not need to be so.
General AI - the technology of intelligence - is the single most important and valuable research endeavor in history, and the tools required to work on it are common and available to all.
The creation of artificial superintelligence will require - and will first be achieved - by a system that has:
aiShare is a decentralized research project that will accomplish these objectives by crowdfunding the development of general AI towards superintelligence through a novel scalable cryptocurrency - the Aion - which will form the basis for a new computational research economy and agoric development platform.
Biological evolution is slow - because it is blind. Technological evolution is fast because it uses the local intelligence of competing agents to guide the search direction. The machine economy concept is essentially technological market evolution distilled into a distributed algorithm just as genetic programming is biological evolution distilled into algorithmic form.
Bitcoin grew into an enormous distributed computing grid, but it wastes all of that vast potential on pointless hashing computations. The Aionic network design is truly O(C) scalable and efficient, such that new currency issuance can be spent more optimally on computations that actually add long term value - and there is nothing of greater long term value than superintelligence.
Our goal is to decentralize the Singularity - and in short - to save the world (literally). The future is much too important to leave control in the hands of the few current elites. The future needs your help; we ask for the community to join us as founders, developers, investors, evangelists and volunteers to ensure that the vast potential of general AI is used for the benefit of all mankind.
main site: www.aishare.co
subreddit: www.reddit.com/aishare
EDIT: 12/22/2014 : fixed simple formatting issue
submitted by AlixIstek to singularity [link] [comments]

Buying Gold with Bitcoin - Seems like a good time.

Hi Bitcoin!
I bought into a cache of BTC back when it was around $30-40USD/BTC. I was thinking about cashing out, but then I also noticed that gold spot prices are lower now than they have been in years. I figured since BTC is up (for me), and gold is down, it'd serve me well to 'cash out' by buying gold. Google told me about Coinabul.com, and Reddit told me Coinabul is a bad idea. I saw a few other sites talked about on Reddit, with mixed opinions. However, one of the sites that Google told me about isn't being talked about on Reddit. So, I thought I'd share my experience with Agora Commodities. I bought a Canadian Maple gold coin with BTC. The price seemed decent - near spot price, and shipping was only $5.45 (Flat rate USPS priority). I placed the order, and got a tracking number from USPS the same day. The package shipped the next day, and arrived 3 days later. The coin was in mint condition, and the weight and dimensions were perfect.
I was just curious why nobody is even talking about this site as an option for BTC->Gold. Even though I had a great initial experience, I am wondering if anyone else has had any experience with this site. I'd like to buy more from them, and I usually count on Reddit info like this. Am I missing something?
Thanks fellow Redditors!
EDIT: Formatting!
EDIT: I forgot to mention, one thing that I didn't really like, is that Agor insured my package for $50, when the value of the item was about 30x that. I've never lost anything in the mail (knock on wood), but I know it happens, so that was a bit nerve-wracking.
submitted by DrMerflderf to Bitcoin [link] [comments]

New Hampshire changes their money transmitter rules to include bitcoin businesses

This is an automatic summary, original reduced by 77%.
Erik Voorhees' Satoshi Dice, the largest source of bitcoin traffic for many years, was there before it got shut down in the US. Unfortunately, New Hampshire statute 399-G:1, "Licensing of Money Transmitters," was recently changed to add "Virtual" currencies, commencing on January 1, 2016.
The old statute defined "Monetary value" simply as "a medium of exchange, whether or not redeemable in money." The new version adds "Convertible virtual currency" to the definition of monetary value, which makes a lot of difference for those that use it in a business setting.
New Hampshire General Court statute 399-G:1. The new rules define the term "Convertible virtual currency" as digital representation of value, that fulfills four criteria; It can be a medium of exchange, a unit of account, and/or a store of value; It has an equivalent value in real currency or acts as a substitute for real currency; It may be centralized or decentralized, and it can be exchanged for currency or other convertible virtual currency.
FinCEN finalized its rules on the money transmission of virtual currency in 2013, although there have been little enforcement.
An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency.
An administrator is a person engaged as a business in issuing a virtual currency, and who has the authority to redeem such virtual currency.
Summary Source | FAQ | Theory | Feedback | Top five keywords: currency#1 state#2 Virtual#3 bitcoin#4 Money#5
Post found in /CryptoCurrency, /bitcoin_uncensored, /Libertarian, /Anarcho_Capitalism, /Buttcoin, /bitcoinxt, /freetalklive, /BitcoinAll, /Bitcoin, /btc, /newhampshire, /Agorism and /FreeStateProject.
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Bitcoin Cash Anarchy vs Agorism and The Thought Leader Take Your $1200 and Shut It! w/ Sal The Agorist - Collin' It Like It Is #67 Anarchast Ep.67 with Davi Barker: The Muslim Agorist USB Bitcoin Miner - The Power of 1000's Computers - YouTube Michael Goldstein - Bitcoin: An Experiment in Anarchism

Also read: Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF? Agorism According to Samuel E. Konkin III “We witness to the efficacy of freedom and exult in the intricate beauty of complex voluntary exchange. We demand the right of every ego to maximize its value without limit save that of another ego. We proclaim the age of the Market unbound, the natural and ... News.bitcoin.com has previously reported on the philosophy, and this primer about Agorism and crypto is a good place to start for the agora-curious. Suffice to say that at its most basic form, agorism is the philosophy and practice of engaging in free market activity outside of the control or regulations of a state. Living one’s life in such a way, to such an extent as possible, that violent ... News.bitcoin.com has actually formerly reported on the viewpoint, and this guide about Agorism and crypto is a great location to begin for the agora-curious. Suffice to state that at its many fundamental type, agorism is the viewpoint and practice of taking part in free enterprise activity beyond the control or policies of a state. Living one’s life in such a method, to such a level as ... Also read: Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF? Agorism According to Samuel E. Konkin III “We witness to the efficacy of freedom and exult in the intricate beauty of complex voluntary exchange. We demand the right of every ego to maximize its value without limit save that of another ego. We proclaim the age of the Market unbound, the natural and ... Also read: Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF? Agorism According to Samuel E. Konkin III “We witness to the efficacy of freedom and exult in the ...

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Bitcoin Cash Anarchy vs Agorism and The Thought Leader

Tom Woods Talks Agorism, Economics, and U.S. History on FOX News Station - Duration: 40 ... Does Bitcoin Have Intrinsic Value? - Duration: 28:26. Trader University 1,853 views. 28:26 . How To ... Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 137 watching Live now This is what happens when you reply to spam email James Veitch - Duration: 9:49. Michael Goldstein of the Satoshi Nakamoto Institute explores the crypto-anarchist and Cypherpunk roots of Bitcoin and analyzes the crypto-currency from an anarchist perspective. Read the ... One of the fundamental pillars of Bitcoin is Austrian Economics, a study of freedom and voluntary interactions in all parts of society. Murray Rothbard is on... On this edition of Anarchast Jeff Berwick in Acapulco, Mexico interviews Davi Barker from http://muslimagorist.com/ in Oakland. Topics include: - Davi's conv...

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