Old News hits the MSM: Venezuelan authorities crack down on Bitcoin. Tech Savvy Washington Post posits that "Block Erupters" are behind the outrageous amounts of electricity straining the weak Venezuelan electricity grid.
[WTB] Your older (and new) block erupters. Paypal or Bitcoin
I want to get my hands on a few of the older 336 mh block erupters. Ive done one trade here earlier with ritzyhalo. We can do paypal if or bitcoin/litecoin. pm me with offers, im lookingto buy lots of 5 or so at a time so let me know!
Brand New! ASICMiner Block Erupter Cube 30 - 38 GHs ASIC Bitcoin Miner! In Hand! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/brand-new-asicminer-block-erupter-cube-30-38-ghs-asic-bitcoin-miner-in-hand/
New Red Fury USB Bitfury ASIC Bitcoin Miner 2.6 GHs Rev 2.0 Faster Block Erupter is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/new-red-fury-usb-bitfury-asic-bitcoin-miner-2-6-ghs-rev-2-0-faster-block-erupter/
You have probably read dozens of articles dedicated to this subject before, and likely skipped even more. So why write another one, let alone read it? The short answer is times have changed. Well, times always change. Still, the point is that we may be amidst a paradigm shift in the cryptocurrency space right now even if we don’t feel it yet. by stealthEX Such a fundamental change is possible due to a confluence of several factors. Some of these factors are external and therefore not related to crypto. Others are internal and represent the value-oriented nature of cryptocurrencies. It just happened that all of them got activated under specific conditions at a certain point in time, which is today, give or take.
Economic woes in a post-Covid-19 World
You wouldn’t be far from the truth if you claimed that we haven’t yet pulled through the pandemic, to begin with. Unfortunately, it only makes matters worse unless you are a cryptocurrency investor and don’t care for the rest of humanity. Anyway, the damage has been done, and nothing can change that. We are now entering the phase that is technically called “competitive devaluations” and colloquially known as currency wars. You could also argue that if it didn’t happen at the peak of the coronavirus pandemic, it is not going to happen now. The sad truth is that we are only starting to feel the real pain. Even the deadly coronavirus doesn’t take over the body instantly, while it takes some time on the scale of a few months up to a couple years for the economic disease to spread through the fabric of society, evolve, and then erupt with inflation rates shooting through the roof, among many other nasty things. Please take your seat. The world reserve fiat, the American dollar, is sinking like Titanic, slowly but surely. We can’t say the same about less lucky currencies, though. We won’t dwell on the Venezuelan bolivar and Zimbabwean dollar as they are altogether beyond redemption, but fiats like the Brazilian real and Russian ruble are also balancing on the brink of another landslide devaluation, which they have seen many in the past. Sharp minds in the cryptocurrency space have been telling us about this development for ages. It all looked like a remote possibility in some distant future that as we felt deep down wouldn’t have a chance to come up in our lifetime. As it stands, we were wrong, and the events described are now starting to unfold right before our own eyes. In a strange twist of fate, large-scale cryptocurrency adoption is about to occur along with them, but not through some technical breakthroughs and innovation, or even the much-hyped DeFi, but primarily through the failure of conventional financial systems based on fiat currencies. Rest assured, the top dogs in the cryptocurrency pit are well aware of this dynamic, and they are not going to wait any longer. Grayscale Investments, a multi-billion dollar company behind a host of cryptocurrency trust funds, started to frenziedly buy up bitcoins a couple weeks ago. All in all, it acquired over 17,000 BTC adding to its already quite impressive stash of Bitcoin, now totalling almost 450,000 coins under its management. Love it or leave it, but it amounts to 2.4% of all bitcoins mined to date, including lost, burned, or left for dead as dust in Bitcoin wallets. In essence, it means that their effective share is way higher. But while Grayscale definitely sits at the top of the cryptocurrency investment chain, it is not the only company that went on a buying spree lately. MicroStrategy, a company largely unknown to the wider public, suddenly got religion and swapped over $400 million of its capital into 38,250 BTC. Even Barry Silbert, CEO of Grayscale, commented on this feat in his tweet. Twitter, by StealthEX So whenever there is a hint at price correction, someone comes out of the shadows and picks up a handful of bitcoins from the market propping up the price. Why are they doing this? You already know the answer.
In different words, all that cryptocurrencies had to do was to last long enough until fiat started to fall apart. It does now, and paradoxically such times are also times of great opportunity, Baron Rothschild’s way. The world’s largest cryptocurrency exchange, Binance, has been pushing its cryptocurrency payment card since April when it acquired Swipe, a firm focused on crypto-to-fiat payment cards. At the time of the acquisition Swipe already supported 20 cryptocurrencies and fiat transactions in major currencies. Binance.com, by StaelthEX For European users the Binance card was officially made available in August, and the exchange plans to enter the US market soon. Given its dominance in the crypto arena, it wouldn’t be unreasonable to expect the surge in the cryptocurrency use as a means of payment thanks to this. It is unlikely that people would spend their precious bitcoins, but the packmaster is not the only member of the pack that Binance handles. Cryptos like Litecoin or Bitcoin Cash can easily become currencies of choice to use with Binance debit cards. But what truly makes it a game-changer is the current turmoil in the global economic affairs which may turn out to be a once-in-a-lifetime chance for crypto to pick up where fiat currencies leave, or fail, to be exact. On the other hand, it may be a natural development after all, set in stone by the very first Bitcoin transaction and cemented for good when it got confirmed. Now things start to arrange themselves to fit their preordained layout. We have taken our time. As cryptocurrencies are not internally linked to, or tied by, the lunatic policies of monetary authorities, that is to say, no central bank can ask or force miners to mine more bitcoins, we have the first element in place in the layout for the cryptocurrency mass adoption to occur at the most basic level. In fact, it has always been there, so we just had to wait until the two other elements arrived, even though it took longer than most of us were ready to wait. The second required element in the grand picture of cryptocurrency adoption is the change in attitude toward wealth evaluation. So far the vast majority of people involved in crypto, including its most die-hard supporters, valued their cryptocurrency holdings in fiat terms. Without doubt, it was the US dollar, regardless of your home currency. But when fiat collapses or enters a long period of runaway inflation, people will be ready for a dramatic change in their approaches toward capital assessment as well as spending habits. And here comes the most important part where Binance hits the nail on the head. If you are unable to effortlessly spend crypto in your everyday life, the first two components cannot trigger this change in attitude on their own. We need this third element to make use of what has existed and take advantage of what has come around. In a way, what Binance did, and what its competitors are no doubt going to do as well if they don’t want to miss out on the opportunity, appears to be the part that snugly snaps into place when we finally get there. With Binance payment card, you can “buy the things you love with crypto”. So now the ball is in your court to support the full-scale cryptocurrency adoption coming up. Kidding aside, with fiat turning into trash by leaps and bounds all over the globe, this looks like a very enticing payment option for both the crypto purists and the unbanked. We have seen quite a few such cards in the past, but Binance seems to be adamant on making its variety really popular and actually usable. And then you can ride volatility waves to your financial benefit. If Binance succeeds, that may herald a new era of cryptocurrency adoption, a breakthrough of sorts after so many years of stagnation in this department.
Repercussions and ramifications
It is not like only we, traders and investors alike, see these trends. Governments are also taking notice and paying close attention. They can’t remove cryptocurrencies and they can’t help inflating their national currencies. However, they can still crack down massively on this and similar endeavors, trying to nip them in the bud. We don’t know yet what Uncle Sam is going to say but some muslim countries have been quite vocal in this regard. For example, Egypt has issued a fetva which prohibits bitcoin transactions as being against Sharia, an Islamic religious law. Another mostly Islamic country, Indonesia, has banned the use of cryptocurrencies as a means of payment. Russia, although not Islamic yet, is hellbent on effectively outlawing most cryptocurrency operations despite passing earlier a law on digital assets which is essentially neutral to crypto. To conclude, we must be aware that once things get serious and governments see that their monetary supremacy is being threatened, that they can no longer play their favorite game of inflation tax, they will leave no stone unturned to prevent mass use of crypto as an alternative means of payment. And cryptocurrency payment cards are hands down one of the best tools available for this use on a down-to-earth level, groceries and whatnot. Now you know what their target will be. And don’t forget if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 300 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps: ✔ Choose the pair and the amount for your exchange. For example BTC to ETH. ✔ Press the “Start exchange” button. ✔ Provide the recipient address to which the coins will be transferred. ✔ Move your cryptocurrency for the exchange. ✔ Receive your coins. Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]. The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision. Original article was posted onhttps://stealthex.io/blog/2020/10/06/cryptocurrency-adoption-a-breakthrough/
Century Pacific ups the Coco Wars ante against Axelum (Wednesday, August 20)
Happy Wednesday, Barkada --
The PSE closed up 88 points to 6157 ▲1.44%.
Thank you verneornitier for pat on the back, and to StefanJanobski for being a reader since before the lockdown. Remember those days? Back when it was possible to consider a packed restaurant or bar to be "great atmosphere"? That's how long they've been a reader! That seems like forever ago. Thanks also to Bien for the nice email, and to Mark for his approval of my puns. My puns! Compliments like that are going to make my hair wet... you know, because my head will get tubig.
MiddleClass ▼1.17% D30 Targets ▼0.12% Fast Food ▲0.02%
Main stories covered:
Century Pacific [CNPF 16.20 ▲1.50%] signs $50m contract with Linaco Group, a Malaysia coconut producer… the multi-year deal will expand the cooperation between the two companies that started two years ago, where CNPF produces white-label coconut products for Linaco Group, which Linaco Group then re-sells under its own branding/packaging. This is sometimes known as “contract manufacturing”, “white-label”, or “OEM” (original equipment manufacturer), but it all means the same thing: Company A makes the product and sells it to Company B, and Company B then sells the product to the public under Company B’s branding and packaging.
MB:CNPF is a recent entrant into the coconut business, but has done well for itself since doing so, supplying Vita Coco under a long-term contract, and branching out into several coconut product categories like desiccated coconut, virgin coconut oil, coconut flour, and coconut milk. CNPF appears to be the main competitor of Axelum Resources [AXLM 2.36 ▼0.84%], which recently revealed that it struggled to source coconuts during the ECQ lockdown and left many customer orders unfilled as a result of prioritizing “its most important customers”. CNPF did not make clear if it suffered from the same supply chain issues, with the underlying coconut market growing for both, it will be interesting to see how this emerging rivalry plays out.
Vantage Equities [V 1.12 ▲10.89%] profit ▲118% y/y… Q2/20 profit of P418m, up 118% from Q2/19 profit of P191m. V is an investment holding company that invests directly in stocks, bonds, and other companies. V owns a payments and remittances subsidiary that noted a 70% decrease in net income. V attributes this drop first to “stiff competition” in the remittance space, and second to the COVID pandemic. The other side of V’s business, the management of assets like stocks, bonds, or other securities, V said that it was “light already on equities” when the mid-March crash hit, so they were not impacted by the sell-off except in their mutual fund holdings. V said that their fixed income portfolio gains offset the losses from the mutual fund side, and then “were able to ride out the volatility and are now booking gains from the fixed income portfolio.”
MB: *Referring to COVID specifically, V says that it expects “assets under management to remain at these levels until there is a cure for COVID19 and we see a recovery in economic growth.” V is referring to the 6000-level of the PSE when they talk about “these levels”. Even more interestingly, V says that “with rising cases and a failure to contain the spread of the virus, there is a risk that asset prices may fall back to their lows.” V is referring to the 4500-to-5000 level when they talk about prices falling “back to their lows.” That’s something to keep an eye on. TL;DR: The market is sideways until we have a vaccine, unless virus spread continues unconstrained. Then we’ll re-test those scary lows. *
MB (1):Ok ok ok... for any of my new subscribers who were not around to read my take on V's Q1 results, you missed out on the best paragraph of MDA text that I've ever read, wherein V summarized the absolute insanity that was the social and economic context for everything that happened in Q1. It's worth a re-read so for your reading pleasure I've included it below. I just wish they'd have continued the post-apocalyptic fanfic into Q2... "The start of 2020 was not auspicious at all as first, markets were put into turmoil when Trump killed an Iranian general in a drone strike. Oil spikes 5% and USD/PHP goes from 50.60 to 51.20. Next was the Taal Volcano eruption, closing down cities as far as NCR. All of this happened in January. Also we get the first reports of a killer virus in Wuhan. This eventually spreads from China to all over the world, eventually sending the globe into lockdown. As the coronavirus spreads, US Treasury yields start falling. From around 1.8%, the 10y UST hits a low of 0.318% before eventually settling around 0.50%. The 30y UST yield hits below 1%, the first time in recorded history. Equity markets fall 3%, the worst declines since the Great Depression. The Fed has to go into crisis management and swiftly announces it will do everything to support the economy. They slash interest rates by 1%, essentially driving rates down to zero. It also promises unlimited asset purchases, with a wide scope of bonds that it can purchase, including MUNI bonds and junk bonds. Here in the Philippines NCR and Luzon is put under lockdown, with business grinding to a halt. After closing for a few days, PSE reopens and is promptly down 20% to 4000 but eventually recovers some of its losses. As liquidity becomes scarce, fixed income markets are hit hard, with banks seen liquidating their holdings. From trading at 3.125%, the benchmark 10-64 was sold to as high as 5.575 before BSP calmed markets by announcing its own bond buyback program. BSP also promptly cuts 50bp in an unscheduled meeting, and cuts RRR by 200bp. The 10-64 and bonds across the curve start being bought, with the yield down to 4.7%."
Rockwell Land [ROCK 1.55 ▲1.97%] profit ▼108% y/y… Q2/20 loss of P47m, down 108% from Q2/19 profit of P564m. Remind me if you’ve heard the one about the Manila-based real estate developer with hotel interests that had a bad time during the pandemic and lockdown. Anyway, ROCK is not particularly different from its peers in that it suffered downturns in its residential and commercial segments, but it is also worth noting that ROCK’s hotel segment was crushed by the virus and managed to turn in a P7m net loss for the quarter.
MB:The company is not in any danger, as it just concluded a P1.68bn buy-back of its seven-year bonds under a buy-back program it started 6 weeks ago. Though it’s clear that ROCK’s NCR-heavy focus, and consumption-heavy focus (hotels, cinemas, malls) hurt the company in ways that other firms which were more geographically diversified and socio-economically diversified were not.
ABS-CBN [ABS 7.25 ▼1.36%] unable to file Q1 and Q2 earnings reports on time… the ex-top broadcaster, owned by the Lopez Family and denied legislative renewal of its broadcast franchise by the… by Congress, disclosed yesterday that the non-renewal caused ABS’s auditor to request additional documents and extend the length of its audit. This, according to ABS, has put ABS in a position to miss the filing deadline for those quarters without incurring “unreasonable effort or expense”.
MB:Despite being railroaded out of domestic broadcasting and clearly still trying to administratively come to grips with the implications of that, ABS appears to be pivoting hard to digital, and… having some success? ABS just passed the 10 million subscriber mark for its YouTube channel, which is still the most-subscribed domestic news channel. No investor should expect some kind of Christmas Miracle here, though, as this is not like some 80s movie where a quick montage and some fighting spirit will replace the gaping hole in ABS’s revenues with an upstart digital presence. Revenue growth here will take time… and it comes with certain risks, such as how GMA’s Youtube channel was hacked yesterday to display “SpaceX Live” as its channel title and a scam bitcoin giveaway as its top video.
MB is posted to /PHinvest every Monday and Wednesday, but my newsletter goes out daily. To stay in the loop for daily email delivery, please join the barkada by signing up for the newsletter, or follow me on Twitter.
Getting a bit overwhelmed with the coronapocalypse.
First off, I'm sorry if this post is off-topic or inappropriate here, but I like the blog and enjoy lurking in this community. I don't really want to start a conversation. At least, it's not my goal. Also, please know I'm not going to do anything rash. I just want to get these thoughts off my chest (more accurately, out of my head), and you guys here are the kind of people I'd want reading them. I don't need a response, or even an upvote. It's enough knowing someone will read it. I'm not asking for help. I'm not exactly sure what any of us, individually, can really do right now anyway. We aren't in control now, and that's sobering and terrifying. If you want to help me, just try to influence things in your microcosm for good. Be kind and help your family, friends, and neighbors. [Also, putting it out there ahead of time - feel free to look at my post history and decide that I'm not a good person. I'm fine with that, but know this is my troll/shitpost/inappropriate-use Reddit account. And it's my only Reddit account.] I'm not a fan of social media. I like real people in the real world and avoid this sort of thing. Since that option been taken away, here I am. That all being said, here is my rant:
This whole coronapocalypse/covidtastrophe/viriigeddon/end times is getting me down.
In "normal" times, I'd just drop some acid, and in the psychedelic state, I'd watch the news... see the squabbling of the US political parties (or any countries political parties), the other straight-up nonsense that passes as "news", shrieking hyperbolic hysterics, ridiculous posturing from talking heads, the stupid celebrities.... and I'd just laugh. The whole outside world would seem so disconnected with 'true reality' — all so 'alien' — and my only reasonable way to respond to it is with amusement and laughter. Such a great feeling, feeling being connected to something deeper. At least, it was great, the news was always so ridiculous and FAKE, until now. Now it's serious, it's real, and there is no time for that kind of distraction. Before I rant and ramble on, I need to say that I'm essentially the most grounded, most resilient, and most unfazed person out there, a goddamn rock no matter what supposed emergency is happening outside. A bit of a dick maybe, a bit of Floridaman, but not neurotic, and never one to panic. I'm the stereotypical "prepper" dude, the macho asshole, proud redneck, and I've faced years of snide remarks, derision, maybe even simple eye rolling from my "liberal" "hippie" 'friends'. No offense to you guys. I've got my "arsenal", the details of which I don't want to go public with. I've been training for our next civil war, like all the other paramilitary militia douchbags. I've got two years worth of MRE's in the pantry. I had my 250 rolls of toilet paper in the supply closet, from way before the current panic buying. I've got my own private pharmacy (that that I regularly cycle expiring drugs out of) that practically meets the WHO definition of a functioning health system. I've got the majority of WHO Model List of Essential Medicines stocked, many acquired at great personal risk. Also, I don't know how to use a lot of it, but I've got surgical equipment, an external infusion pump, an oxygen generator, and even more stuff I'll probably never use. I always joked that when the SHTF and it's TEOTWAWKI, the first thing I'd look to acquire would be a friendship with an actual doctor. The second would be a farmer friend - someone who doesn't kill off plants like I do. Turns out that whole worldview was naive. None of my expected scenarios have come to fruition. I wasted my a lot of my time, and a decent amount of money. So now, I'm just sad, and I'm scared.
I've been sick now - for a week.
I'm apparently one of 1,200 people still waiting for my test results (for more than four days now) after being roughly nose swabbed and throat scraped by a military medic. A very cute military medic girl, mind you, but still, a girl in a moonsuit, who seemed way more frightened than me. I'm now under quarantine, at least through the 29th, regardless of what the test result turns out to be. Turns out the test results won't even matter. COVID or no COVID, you get told to quarantine yourself, and call '911' if you stop breathing, informing them of your test status. It's like a bad joke. We've got the National Guard deployed, literally right outside here. The military is building a field hospital at my local airport to handle "mass casualties". We've got 100 confirmed virus cases in my county alone and two days ago a poor man just died just a few miles east of me.
I'm not a young man, unlike most of you kids online today. Luckily though, I already work from home, for a startup, so there is not any change in routine work for me. My biggest concern is for my elderly (and diabetic) mother. She is dependent on me for her care. I don't even know if I'm sick (Corona-sick, that is), and I sure don't want to get her sick. Hospitals here are on the verge of being overwhelmed. What if something happens? Even if I could get her to one, would it be any safer than treating her myself at home? At this point, if the worst happens, it's looking like I'm going to have to bury her, by myself, in our backyard. We can't even have a gathering of more than 10 people to have a proper funeral. Oh, on top of all that, I'm apparently not getting a paycheck tomorrow. This is not the fault of anyone. I could hear my boss choking back tears. I'm going to keep working anyway, because what else can I do? Now, with all this doom and gloom, I did what a lot of stressed out people with poor coping skills do: I called up my long-time reliable plug (drug dealer, for you normies), justifying my "final" relapse. Of course, he doesn't have shit for me, but he is selling face masks. No deliveries either - he's shut up at home too. If I want his overpriced masks, he accepts Bitcoin now, and he'll push my purchase through his mail slot. I'd need to act fast, apparently, because he was taping plastic sheeting up over all the doors and windows. Seems the mail slot will soon be unavailable. It's all like scenes from a bad movie outside. I thought about going back to the Catholic Church, breaking down, confessing forty years of sins, but the Churches have all closed their doors. I waited too long, apparently. It's too late even for absolution. My whole life has been peppered with threats of the apocalypse. We've been warned about the Reds and their atom bomb, then those commie's got the hydrogen bomb, and then we had Castro with his shitty little missiles - still tipped with nukes. I survived the Great Recycling of 1997 and the Hale-Bopp UFO. I think it was all supposed to end again, but in 1999. Then Y2K was it. Then 2012. Then killer asteroids - or are they actually meteors? Alien invaders maybe, with ray guns and particle beams. Jesus' Second Coming, the prophecies of Revelation. Maybe the Baptist's and Pentecostal's would get their Rapture? Or more likely Kurzweil and his Singularity - or should we call it Skynet? Perhaps genetic modifications gone wrong? Or some time travel mishap... paradoxes... a fatal causality trap. Supervolcano eruption: Yellowstone goes boom! Cobalt Thorium G doomsday devices. Global crop failures and subsequent mass starvation. Perhaps the boring Red v. Blue Civil War scenario I'd been running around in the woods "practicing" for? Nope. All fucking bullshit. Seems like we are all going to die looking out our windows, watching the sun shining, alone and quarantined, binge-watching the pandemic movie marathon on Netflix. When I'm gone, my friendly neighbors will get to split up my stock of MRE's. I hope the nice old lady at the end of the block gets first dibs on my toilet paper stash. This isn't the end times we were promised at all. This is the way the world ends This is the way the world ends This is the way the world ends Not with a bang but with a whimper. I just want everything to be OK.
Copied and pasted a long thread about the 2020s (part 2)
I have found a very interesting thread in a forum, I decided to copy and paste all the comments that the author of the post had made. The author posted this in 2019, the author also posted another in the past in 2018 about the same subject. But this will be about the 2019 post (part 2) I won't be sharing the link to the website because I want to protect the identity of the users since it is a mental health forum. But here is the link to part 1: https://www.reddit.com/The2020s/comments/dzpb6l/copied_and_pasted_a_long_thread_about_the_2020s/ --------------- Here we are! Today it is the year 2019, the near end of the 2010s.The 2010s was an interesting decade to say the least, internet use continued to spread like wildfire worldwide with more and more people becoming dependent on the internet. When I was a kid in the 2000s I felt like the odd one out because I was addicted to the desktop and I didn't know many other people who were addicted to computers, but today in the 2010s this seems like the new normal except now most people are carrying desktops in their own pockets (cellphones). In the 2000s politics was very moderate and there was much less polarization, now polarization is pretty much a growing trend with many people sharing very strong political believes on the internet. The internet became a political tool and metaphorically a source of political fuel in the 2010s, everyone can now share their believes on the internet and inspire a new group of followers, something that the world didn't have or realized it had until the 2010s and we are still getting used to this. In 2010 there were 6.9 billion people and 1.9 billion internet users, in 2019 there are about 7.8 billion people and about 4.5 billion internet users. Which means that internet use has increased by 237% while the world population has increased by at least 12%.By 2030 the world population is expected to reach 8.5 billion people and more than 7.5 billion people are expected to be internet users, that could very well be 90% of the worlds population. This means that the internet will truly begin to take over the world during the 2020s, it will continue to make big changes on how we will live and how we will communicate, it may become almost impossible to live in the western world without being online. Climate change is a big issue, in 2010 the global average temperature was 0.62 Celsius above 20th century average, in 2018 it was 0.79 Celsius above 20th century average. The 2018 temperatures may not seem like much but everyone who is informed about the summer of 2018 will agree that it was a very hot year, so hot that record wildfires within the arctic circle happened.By 2030 we could potentially reach 1.5 degrees Celsius of warming since pre-industrial times, again the number does not seem much but the consequences are huge. Mudslides from melting soil will turn mountains in death zones, lower food harvests and nutritional value will increase risks of starvation, loss of fresh water will result in wars over water, the Maldives will be flooded as well as Bangladesh which will cause huge mass migrations, the ice will melt even faster which are increasing sea levels, you get the idea.In the 2020s global warming will become a much bigger problem, but there is no guarantee that enough will be done to cut emissions. Developing countries such as India want nothing more than to have the same quality of life as the western world does, not much can be done to dissuade India until the country suffers greatly from global warming and the potential for growth seems impossible. As long as developing countries believe that growth is possible they will contribute massively to global emissions just as soon as the developed world begin to cut their emissions, and worse yet developing countries often have very high populations which will contribute to global warming even more than it could have done. In the 2020s there will be a new global superpower which would be decided by 2030, it is unlikely that America will remain the superpower due to its stagnant economy and the potential loss of trade partners in the near future. The most likely contenders for being the next global superpower is Russia and China, this struggle for power could potentially trigger a 2nd cold war. Global relations will change, there has been a growing loss of trust in the 2010s between nations and that trend will continue to escalate during the 2020s while new crises emerge.This loss of trust could result in balkanization in some parts of the world, particularly in ethnically diverse countries such as Papua New Guinea and Tanzania. Countries will begin to do their own thing and ignore international agreements as trust disintegrates, the Paris Agreement and the United Nations might be abandoned in the 2020s.To put it shortly, the world power will likely shift from Anglo-America to Asio-China/Russia, international co-operation and aid may regress into nationalistic autonomy, and from democracy to populism. Technologically, most breakthroughs will be related to the huge spread of the internet in some way, in other words most technological advances will be adaptations to the way we live with the internet and learning the full capability and power of it. 5g will be adopted reluctantly due to health concerns, but it will be adopted anyway at some point in the 2020s quickly and this will cause even more dramatic changes within our society. If you think our world has changed drastically so far just wait until 5g comes! By 2030 we could have fridges that are connected to the internet, many other inanimate objects would also be connected to the internet and whatever information is processed will be used to benefit companies as well as sniffing out bad behavior. Because of 5g, the 2020s may be the last decade when privacy is possible in society. Lastly, I am going to talk about generations and their role in the 2020s. Pretty much all Baby Boomers are going to retire in this decade to have their previous role as leaders replaced by Gen X, Gen Y will all be adults and will be trying to make big changes in the world, Gen Z will begin to grow into adults, there will be a new generation in the 2020s (generation beta). What do you think will happen in the 2020s? Very keen to read your thoughts about this topic!Have a good day. ------------------------- reply to user: Honestly I will never be able to answer with confidence about Brexit! I think many people in the parliament don't seem to know what to do, I think most likely Brexit will be on hold until the EU itself fails. Today the EU is already struggling to survive.How will the EU fail? When its financial situation gives European nations the incentive to leave so they can grow their economies by themselves without restrictions, the Syrian refugee crisis (5 million people) destabilized the EU to its core and it was the refugee crisis that started Brexit in the first place.Imagine what would happen to global politics if 20 million migrants went into Europe, it would certainly change a lot of things. reply to user:Religion could make a comeback in the 2020s, particularly in a scenario where climate change pushes people to turn to religion for comfort. Islam is on a sharp rise due to the fact that they have a lot of children, it will also become the biggest religion in the world in the near future, at that point most people on Earth will be Muslim.I think ISIS largely happened because of food shortages in Syria which resulted in civil war, if a similar thing happened in another vulnerable Muslim country then you can expect another wave of suicidal radicals wrecking havoc and forming another radical group.I have once predicted a similar uprising in North Africa resulting in a mass Christian migration into Europe, the number of Christian migrants could exceed 20 million. ----------------------- reply to user: Yeah the idea of the European Union has been a flawed and overly ambitious project right from the start, Europe is quite a divided continent with many countries having a strong sense of identity, trying to make Europe into one country will inevitably backfire. Without much doubt the EU will collapse, however it will live on under a different name by one or a few countries that still cling onto the vision.After EU falls there is a chance that a few more so-called unions may form, these unions may be alliances that share the same political views which could result in a polarization.Germany had a good shot at attempting to rule Europe again though, we tried it and probably won't do it again for a while. ----------------------- reply to user: Funny enough I have just very recently found out that the UK is going to have another general election, so far at the moment it looks like Labour is doing well with public approval, it is a likely possibility that Jeremy Corbyn may become the next prime minister.If Jeremy Corbyn becomes the next prime minister that would mean that Brexit will be cancelled, this could cause major polarization and unrest if there are still people who really want Brexit. Who knows what would happen if the majority of pro-Brexiteers protest in the streets because they didn't get what was promised to them? A British revolution is another real possibility. reply to user:Predicting elections will always be difficult for me because of how uncertain and at times random they all are, who would of thought that Trump would win in 2016? Would Trump win again in 2020? I mean it sounds crazy but if it happened in 2016 then it can certainly happen again in 2020. Although I do think that Trump has less of a chance of winning in 2020.A good thing to take note of is when Trump withdrew from the Paris Agreement much of America didn't follow suite, there are many American companies who still follow the Paris Agreement guidelines because they don't agree with Trump, there are many Americans who have not been implementing Trumps policies.Elections can never be predicted with 100% confidence, but Trump is more likely to lose in 2020 than 2016. ------------------------------- Thank you all for your replies, they have been smart and intuitive contributions. :-D Last night I just began researching about the 1920s out of interest (I think I might have mentioned the 1920s in the old 2020s thread). I have just started learning about the 1920s so there is a lot that I don't know about it but there are a few themes that resonates with today trends, which I will mention below.And because I am not well informed about the 1920s the below information would be hypothetical and open to speculation. The 1920s was an economically prosperous time for the Western World, but the economic prosperity abruptly ended with the Stock Market Crash in 1929 and resulted in the Great Depression in the 1930s. A very similar situation is happening today but is happening much slower and at the moment is less severe, the Stock Market Crash in 2007-2008 resulted in an economic crawl that is still persisting to this day. I have a feeling however that the full effect of the 2007-2008 economic crisis is yet to be felt in full force. Political movements such as Socialism and Fascism were on the rise in the 1920s-1930s partly because of the economic situation, those parties believed that capitalism is out of control and needs intervention to prevent the degeneration of society. The term supercapitalism was created by Fascists, it pretty much means a degenerated form of capitalism that is doing more harm than good to society. The blame of the 1929 Stock Market Crash was placed on Capitalism by both Socialists and Fascists, anti-capitalism exploded in the 1930s which resulted in far-left/far-right nations fighting one another by the end of that decade. Lets say that the next Great Depression is to start in the early 2020s, we already have a lot of young people who have a favorable view on Socialism, on some level there are many people who are blaming Capitalism for the economic crisis. Nations have already been polarizing in the 2010s, so what would happen if we enter the next Great Depression and then a massive surge of Socialism/Fascism happens straight after? The world would be in a very similar situation as the world in pre-WWII. If the 2020s Great Depression happens then Capitalism in the Western World could end, the more young people has power over America the more likely that the nation will transition into a Socialist state. Kinda ironic because in the 20th century Anglo-America fought against Socialist Russia and in the end capitalism unexpectantly won as the leading world policy, but in the 2020s Russia may abandon their socialist past and turn to capitalism as they take advantage of the new resources revealed by global warming, just as Anglo-America turns Socialist Asio-Russia will turn Capitalist (I'm not sure about China, but I'm pretty sure that India is taking the capitalist route too). The Arctic will melt a lot during the 2020s, Russia may likely claim most of the new oil reserves which will cause worldwide tension as oil will be running out, America will be stuck with the last remaining reserves of oil in Alaska and Canada which may result in poor relations between Canada and America, eventually China may have most of the oil reserves in the Middle East because I believe that the Middle East will turn to China for economic interests as America begins to lose its grip on the region. Nothing is forever, everything changes.To those who fear for the future of America I just want to say this, even if America loses influence on the world America will still cling onto their core values in their own home and I can't see America giving up on the American dream, I think that the American dream is redefined by each of its passing generations. ------------------------------ This is probably the last comment I will post in this thread so I'll be sure to write out anything else I can predict or think about the 2020s, again I may be repeating things but at this point its hard to avoid because I posted quite alot about the 2020s at this point. I definitely agree with :user: that if WW3 were to happen in the 2020s it would be similar to how WW1 started, everything was fine then suddenly everything wasn't and the world fell into further chaos resulting in a world war. Currently I believe that the 2020s will start off with a cautious optimism, the decade where Gen X and Gen Y fully realises that the world is in their hands and they will bring about changes. If I could name a main theme of the end of the 2010s I would say 'youth in protest'. A growing number of young people believe that civilization won't be there when they grow up, they see no point in taking part in a society that they believe will inevitably fail due to climate change. In the 2020s the 'youth in protest' will grow to such a degree that societal values of the 20th century will be rendered obsolete. But where does the cautious optimism comes in? I believe the optimism is the result of hope of a better future as the youth wields more power to make changes. We will likely see a big wave of new famous Gen Z's and who knows what they could contribute to this world? Today(Nov,2019) we can all sense that things are changing but what if the changes of the 2010s are volcanic rumbles compared to the eruption of the 2020s? The 2020s will likely be a social and societal fragmentation, the crossroads of a post-consumerist world. Baby Boomers are largely responsible for the world we live in today, very soon Baby Boomers will lose their power over the world and that power will be passed onto the younger generations who have different values. Most Baby Boomers favor capitalism, a growing number of younger generations favor socialism. Conspiracy theories are a growing trend, due to the upheaval of technology it has become easier to believe in conspiracy theories because what was crazy 10 years ago seems feasible today. I think if everyone starts to believe in conspiracy theories then a lack of trust would become so hard to overcome that the government would have no choice but to allow a degree of autonomy. Allowing autonomy would cause more and more lands to demand independence, most of them will be city states like Hong Kong or Singapore. I can't think of anything else, going to conclude it here.The 2020s would either be the beginning of a new era or a long-winded dying of the present post-consumerist era. The Baby Boomers will recline on their chairs and leave the whole world to Gen X and Y, Gen Z will become adults. I haven't mentioned robots but they will begin to take some of our jobs, which can possibly trigger a neo-luddite movement. WW3 hopefully won't happen, a 2nd Cold War is more likely to happen though. Hopefully there won't be an epidemic like the Spanish flu, in this case it will most likely evolve from a strain of bird flu. Climate change will trigger protests and changes, some fear that its already too late to stop global warming. Thank you for reading, lets make the 2020s as good of a decade as possible. ---------------------------------- reply to user: Yeah I've been getting a growing sense that a British Civil War might happen, last year I could not see a civil war happening but now it seems like a real possibility, today it is easy to figure out why it would happen. I bet not many people in the 17th century civil war wanted it to happen and didn't think that it would happen but you can learn what ended up happening, Charles I got beheaded and maybe Boris Johnson might meet a similar fate.Not a certainty, I can never be certain but its something worth worrying and preparing for. In the 2020s, I think the U.A.E is a possible candidate for a world power and I can see them cutting deals from America and making deals with China instead 'The enemy of my enemy is my friend.'. Imagine if America-UK runs out of energy and oil resources, in this scenario it is likely that U.A.E+China+Russia will own all the remaining deposits by then and we may have no choice but to give up a degree of independence in exchange for some of their oil and energy.Another scenario is the race for the last of the remaining resources that our society still largely depends on, the nation that has the most resources will have the most power and nations that lack those resources will form alliances with them for resources in return.We may possibly see the first super-corporations being established, a very large and powerful corporation that may be the true power behind everything and maybe even more powerful than political figureheads.Those super-corporations may become independent nations that have their own goals and projects, mostly they involve technologies for either saving our eco-systems or to control us. I have once thought about the year 2075, I imagined a huge city (at that time many countries collapsed, civilization largely being left with city-states ran by trillionaires) the city uses mind control technology to maintain order, the A.I is used to help the elites figure out the next best course of action, human clones are used for labor and war, everyone is constantly being watched due to surveillance that will be almost everywhere.The 2020s will be the start of the new world that future generations will recognized as the true 21st century, 2000-2030 will be seen as a transitional period. ------------------------ We are only 2 days away from the 2020s, I am going to post about the decade predictions to avoid the regret of not posting it before the 2010s ends. I will have a bit of closure about my 2020s threads now that I'm doing this for the last time, I might be a bit risky and do my best to make a scenario story for fun even though about half of it will be inaccurate haha, since accurately predicting the future is like trying to fly without wings. But still, some of the predictions I have thought about have already come true even before the 2020s has started, which makes it clear that the world is changing faster than we thought and will continue to increase the throttle. There is already some tension between America and China over trade, at the moment as I write this they have agreed to a truce after a trade war that not many knew about but there is tension and might escalate in the near future, if America attacks another nation again then half of the world will turn against America and will cut all trade-ties with it which would cause America to descend into chaos. In short, America could get sanctioned but other nations will be at risk of being sanctioned if they commit any future acts of aggression. There would likely be more riots and terrorism, there will likely be a much worse refugee crisis caused both by climate change and acts of aggression by ISIS or a nation. There could be more online communities that provide a source of humanitarian relief and charity, some online communities will run on bitcoin(or other forms of cryptocurrency) so that they can afford more resources to help people with.I have once predicted that there will be a mass migration of Christians from North Africa due to Islamic radicalism, well as of 2019 there already are Christians in Nigeria (North Africa!) being beheaded by ISIS so a mass migration from North Africa is very possible, in fact the whole Arab Spring and its neighbors could produce masses of migrants due to the continuous descent into chaos. Out of all the Muslim nations Turkey-Saudi Arabia-Iran-U.A.E appear to be the most stable while others are highly vulnerable, I have a good feeling about U.A.E solely because it has many long-term goals to ensure economic security so I can see them having a good influence on Iran and Saudi Arabia, U.A.E will likely make trade deals with China and China could offer U.A.E military protection thus protecting the U.A.E from Saudi Arabia and Iran since the risk of a war going on in the Persian Gulf is high.Dubai will become a more important city and will become a cultural as well as scientific center, much of its workforce would likely be desperate people from South Asia looking for work. If a new superpower enters world-stage then the West could face sanctions for acts of war against the Arab Spring, especially if the new power is disapproving towards the West, if the West is sanctioned then it will enter a long-term economic depression and could be forced to house refugees.Populism will spread as more people feel like they are living through a crisis, populist candidates appeal to people by presenting themselves as the solution to their crisis. Populism has been on the rise in the 2010s and many people believe that most populist movements have been right-wing, the most common theme of 2010s-populism are anti-immigration and America/Britain first, those populist movements have resulted in Brexit and Donald Trumps presidency.If populism continues to spread in the 2020s then we will see more and more nations implementing anti-emigration policies and we will see them turn away from globalization as they retreat into the concerns of their own nation. The European Union will decay due to countries leaving, the United Nations too will decay as countries start to defy and leave so they can do their own thing, globalization is at a big risk in the 2020s. Largely due to technology more and more people will begin to lose their jobs, and more people will lose their homes to man-made disasters. Self-driving cars will begin to render Uber Drivers and Taxi drivers obsolete, mass-production is becoming more automatic so more people who work in mass-production will lose their jobs, self-checkout machines in shops will continue to slowly render retailers obsolete. Newspapers are dead, and soon TV will be.Nations will be able to provide more resources with robots but there will be less consumers since not many people would be able to afford to buy many things, this would cause a worldwide economic crisis and we are overdue for a 1920s-style economic crash.What will the government do with all those homeless and unemployed people? Universal income will be the most likely solution but it is highly unlikely that many people would live comfortably since they will have to work very hard to survive and you'd have to be very lucky to get a job, in turn people will begin to reject the government and the system, some (hopefully many) people could turn to online communities to support one another and due to the failing economy will turn to cryptocurrency which they use to support themselves. The Sagrada Familia will finally be complete, I think it would be nice to make the wonder of Sagrada Familia the icon of the 2020s. Other projects will be completed as well such as The London Super Sewer, The Giant Magellan Telescope, The Square Kilometer Array radio telescope, a few big bridges (and a tunnel for boats in Norway) and a few new railways here and there. There will be at least a few major space achievements thanks to Elon Musk and some privatized science projects will offer few more major breakthroughs in science, the first manned mission to Mars is scheduled in the 2020s but its chance for success is low due to the many risks and dangers, space junk will become a much bigger problem and will need to be cleaned up before we will never be able to leave the Earth. The mission to Mars would likely be re-scheduled or postponed. 3D printing is expected to enter mainstream which in itself will change many things, 3D printing could even render some shops obsolete because you could print whatever stuff you want at home instead of going to a shop looking for what you want, a creator sub-culture may develop from 3D printing enthusiasts.Vertical farms are expected to be erected for the first time in cities, this trend will grow because agriculture is also expected to fail in the long-run so there is a lot of funding put into vertical farming because vertical farming could replace conventional field farming, in the 2020s however vertical farms will only generate a very small percentage of food and its produce would not be sold in mainstream shops for a while.Lab grown meat will be a new growing trend in the 2020s, but its adoption will be slow due to skepticism and lack of popularity. Will there be wars? Likely more than the 2010s.Because not much has been resolved at 2019 we can expect things to grow more tense, especially since we are all facing an impending global warming crisis and a decline of globalization. Russia and China will become more dominant and influential throughout the world, developing countries will bear the brunt of climate change while the developed countries are increasingly destabilized by the flocks of refugees flooding in, developing countries could be reduced into war-zones like Syria in the 2010s.The trade-wars between America and China could involve other world powers and it could escalate into the 2nd Cold War, with a Cold War there is always the chance of a 3rd World War looming.The west will decay as the western economy worsens, Russia and China would exploit whatever resource they can get with their new influence in a decaying world but their economic growth will be fragile too.China is threatened by the loss of fresh water once the Himalayan ice melts, much of Chinese agriculture is threatened by floods, when the Chinese eco-system fails then you can expect them to attack their neighbours or best-case scenario demand resources from their allies.Russia is threatened by the same thing that will give them economic prosperity, global warming, when the ice melts the methane would doom us all and will also release long-forgotten epidemics into our world, Russia will face a huge refugee crisis coming from the south due to water shortages so you can expect Russia to heavily enforce their borders.European politics will change drastically due to responses from refugees, if Europe refuses most refugees then it is possible that armies of angry refugees could invade Europe in the future.Africa is gaining so much but that growth will not be expected to last due to climate change, water wars reduce some areas into anarchy like Libya in the 2010s, Nigeria-Ethiopia-South Africa would likely be the most prosperous countries of the continent, the African countries that are developing would likely begin to adopt the same lifestyle as the West is living like eating fast food and being online all day long. I do not know much about South America but some parts appear to be on a verge of political change and turmoil, I do believe that they are at risk for water shortages due to melting ice in the Andes, I can't see them stopping the destruction of the Amazon so that will be ongoing. South America will grow economically but like the rest of the world it will be a highly vulnerable growth.Australia will continue to be burnt alive by wildfires, we should start seeing more and more Australians moving to colder areas such as Tasmania New Zealand and Britain. Indonesia will continue to destroy their rain-forests to make money out of palm oil, don't know what their political situation would be though but would most likely go down the capitalist path. All in all the 2020s will be a time of disruption, the pace of life will get faster and faster, fake news and deep fakes will spread, misinformation will be rife, as the internet spreads and becomes more disruptive more restrictions will be put on the internet, because we are growing more dependent on technology cyber-attacks or power-cuts could bring us back to the late 20th century, people will grow more scared and desperate and may turn to drastic courses of action if said course of action is the only solution.We are at risk of antibiotic-resistant bacteria and bird flu, obesity and depression will become a bigger burden than it already is, transgender people will be the new normal as people are now coming out as transhuman, in some parts of cities driving a car could be banned because of driverless cars replacing transportation in some city centers, cars are switching to hybrid/electricity as electric car plugs appear in many built-up areas, more and more people have had their DNA stored into a database and I can't say for sure how this data will be used. Online communities give me hope, and I hope that online communities become so rich with cryptocurrency and popular that when the decaying society that thrived in the 20th century fails we got the new online society to fall back onto and rebuild a new society from scratch instead of trying to rebuilt a society that failed us. I wish us all the best of luck. --------- reply to user: I think you are definitely right about 2020 Britain being pretty much the same as 2019 Britain except that it could get worse especially since the NHS is in the process of being privatized which sucks for me too because I am a Type 1 Diabetic, I am inclined to think that Boris Johnson will resign in the near future just to be replaced by another equally unqualified/unpopular Tory. I am going to be a bit controversial and biased but I want to blame Democracy for the situation that Britain is in right now and I want to explain why I am skeptical towards Democracy.So the idea of Democracy is to get the public to choose who becomes the leader and its down to the public to make that important choice, but many people do not want to run the country and many people do not know what is best for their country.In a Democratic society the best way to win a vote is to promise the public everything and appeal to them, you don't have to be good at politics to win and you don't have to tell people of your true intentions all you have to do is lie and be charismatic. Politicians probably hire professional psychologists to trick people into voting for them because they know how to trick the system to get them into the position that they both don't deserve or are qualified for. Its no wonder why Politicians are losing their efficiency, they do it as a job because many politicians do not need to be good at running a country to become the leader and like I said they just need to know what the people want to hear and to put on a charismatic face.I believe that running the country should be reserved for those who want to run the country and have the countries best interest at heart, it should be reserved for professionals who know what they are doing and have had years of training as well as experience. In a Democracy if you get two candidates, one is a businessman who is very charismatic but only knows about business, the other one is a ex-Sergeant who has had 20 years of experience in the administrative field but he is not as charismatic. Even though the Businessman is less qualified he will win because he is charismatic and knows how to trick people into voting for him instead of the professional, repeat this process and you'll end up with a very ineffective government or circus full of charismatic millionaires who trick and lie to the public to maintain their lofty position in society. And that is probably how Britain ended up with the government it has, people have been lied to and people don't know who is best for their country so we end up voting for the wrong people or get tricked into believing that Democracy is the best form of government.Sadly Democracy will put Britain(as well as other nations) at risk of a power hungry Populist who will present him/herself as against the present government and will use his/her charisma to appeal to us to make us believe that the Populist is the solution to all of our problems caused by the government, but once the Populist gets elected s/he will show his/her true colors and the public will soon regret their vote.This process will keep repeating itself while we have Democracy, I believe that its not working and maybe we are better off leaving our politics to the professionals elected by professionals. I also want to thank you for all the replies you posted on my 2020s posts, they have helped keeping the 2020s posts alive. Again, thank you. --------------------- reply to user: Not only that but many people are also misinformed because Democratic candidates lie and be all fake to get votes and on top that they also spread rumors about other candidates or pretty much anything so that they'll get more votes, its bad because not only many people already don't know what is best for their country but they will find it very difficult to know for sure what will be best because of all the lies and misinformation. --------------------- reply to user: Its scary that some people out there actually believe that Jeremy Corbyn is anti-semetic, its such a ridiculous and desperate accusation just to make Jeremy Corbyn look bad and lose. And its scary because if people actually believe those bogus anti-Semetic accusations then it just shows how much the media controls us all.Donald Trump is indeed right about journalists and fake news being an issue, but I think the reason why journalism is such a joke in America is because it is privatized and they are becoming desperate so that they can survive kinda like 'IT' from the Steven King novel.Capitalism and privatization can corrupt journalism because capitalism makes journalism more about money and getting attention so it degenerates into what it currently is, but Donald Trump is very capitalist, which could mean that Donald Trump is a cause of journalism gone wrong and he is getting backlash from the world he helped to create whether he knows it or not. Journalism does need to be regulated, especially now we are becoming fully aware of how powerful mass media can be. I could be blaming capitalism because of mass media and it could turn out that capitalism isn't to blame after all, but I still believe that its probably best for journalism to just focus on entertainment and to leave actual news to a more professional environment where the professionals highly focus on telling the people about unbiased truths. ------------------------------
What to do in the event you "get Zuckerberged" in a startup where you're minority shareholder?
Hello, I am a technical founder in a 2 person Delaware C-Corp which puts my co-founder having majority control. I had brought the company up from 0 kLoC to the 100 kLoC it is today. When we first had the equity talk in early October last year, we came to a napkin agreement with my co-founder to receive slightly lower equity compensation (35%) as a workaround for my timetable (I'm currently in my undergraduate studies in Singapore, my hometown, so that I can be eligible for a Visa upon graduation), with the exception on the condition if we get into a prestigious accelerator (YC) that I'd drop everything and spend every minute of every day on it. Long story short, we didn't get into YC after the interview but we pushed on for the month after and received some, but not too much seed investment commitments. We filed incorporation paperwork in early December and I returned home early January. On filing the paperwork, my co-founder was concerned with how non-standard clauses could affect our ability to fund-raise so we decided to use boilerplate 4-year cliff, 1-year vest with double-trigger acceleration terms in our incorporation documents. I agreed but was blindsided (which I found out later) by a clause that superseded the napkin arrangement. What was also present was the existence of only one board seat and the promise of a board seat. However, I never got one, even today. Since being back home, I have continuously pushed updates (had meetings and managed developers in New York) and worked on the business (wrote code weekly) while receiving no ($0) compensation for my work. As my team was in New York, I made sure to stay up late nights most of the time to guide my weaker developers through the problem they were having. To keep myself updated on what was going on in the business end of things, I always asked my co-founder if he could schedule a call. Keep in mind he never took the initiative, even as a CEO, to schedule something as trivial as an update. I began to get suspicious when he rejected almost all of my requests on the basis that he did not have the time. As my developers were mostly interns and that we had a myriad of ongoing projects , I realized I had to scale up development operations. So what better way to do that than to hire out of my home-base in Southeast Asia where the technical talent was exceptional and not expensive on the level we could not afford, like in New York or Silicon Valley. In one of our rare phone calls, my co-founder agreed to the plan and I began conducting research into options. I ran into a roadblock when trying to gain administrative access to some of our company's accounts like job portals, AWS (I was trying to create a well-structured IAM organization policy to protect our users). When asking for access, my co-founder kept saying no, until I convinced him that these things should be trivial, or all our users' key data would be vulnerable. Something I'm sure no one wants... right? At the same time, fundraising had come to a standstill in the US so I decided to look for opportunities in this side of the world. I had successfully made inroads into both hiring and VCs and had used various *@ourdomain.com to make them. I had not been receiving any emails on those that I created so I started investigating into what was happening. As it turns out, my co-founder had been routing all emails into his personal email and that's where I became a little paranoid - if he had been doing that to all emails, what had he been doing to mine? It was impossible to know for sure as he wasn't particularly honest. When poached for a shared email address where we could collect all emails, he was not only hesitant, but simply gave an unsupported excuse that some of the emails had to go directly to him. I eventually got him to set up one, but turns out he only routed some to it. I sent a message to him last night about this, after creating more email addresses but no access to retrieve them. Today morning, I got locked out of all accounts. Even pictures with me on our Social Media and Instagram were completely deleted. He finally decided he wanted to call me, which he explained to me that I should "just walk away" and would follow up with more information. I must admit, I chose my co-founder poorly and this is probably a horror story many founders never want to experience, I am freaking out and hopeful for good advice here. Was I wrong? Did I make a mistake? What can I do? Who do you think I should talk to in person about this? While founder disagreements is the #1 reason startups fail, I am on the fence about any kind of ideas that will jeopardize my company because I have literally poured my heart, soul and sweat into this venture and I don't want to see it fail just yet. This is a tough question but, is there still anything I can do to regain majority shareholding? Things I have considered so far:
Just starting my own company here and rebuild the network and operations from scratch, I only have had a couple months of work to lose.
Warn my users about the security problems that currently exist under the management team. This one's controversial I know, but it is really scary how my co-founder blatantly holds all of our users' private data and says they agreed to it, via the T&Cs. I'd rather have my users safe than sorry. I mean after all, how can you trust someone after pulling stuff like what I mentioned?
Sent a warning email to investors (that I know of)
I whistleblowed on SEC's website, but I mean, not like they're gonna give two shits about a small time company.
I whistleblowed on 4 subreddits, I hope that's going to make a difference:
Another male feminist gets accused of sexual assault. The kicker? he was the founder of Study of Men and Masculinities at Stony Brook. The university that was recommended to braincels after the quarantine. (653 points, 283 comments)
Market predictions based on realistic (yet purely fictional) scenarios.
If you're here, you're interested in the potential of IOTA, especially what a successful implementation would mean for the price of IOTA tokens. That's my case, too, however the industrial applications and their impact on business are far more interesting to me than the investment opportunity. Since I haven't seen anyone formulate a clear (albeit purely speculative) picture of a future for IOTA, allow me to paint my own. 2019: Not much changes. Positive sentiment in the market leads Bitcoin to hit the $7K mark again, while current ranks are more or less maintained. IOTA reaches up to $0.50 during the summer, then stagnates/slowly slips again. Development continues and the first use cases are unveiled, but the market pays little attention to them. Bitcoin still dominates the news cycle, despite essentially no progress on the dev side. 2020: IOTA begins the year around $0.40. A very short, yet significant dip in the entire market leads people to panic and is then followed by big growth: Bitcoin goes back over $9500 for a little while and other coins go up 20-55%. In the very middle of this run, a big scandal erupts in the cryptocurrency space as one of the first real piece of investigative journalism comes out, exposing the EOS project as a massive fraud. EOS barely slips out of the top 20. The IOTA coordinator is phased out in favor of a distributed coordinator, while full coordicide is being discussed increasingly often. Summer of 2020 sees a lot of people who were hoping to see the bull run continue extremely confused, as the market turns seriosuly bearish again. The IOTA foundation establishes its North American headquarters in silicon valley and rumors start to circulate. The price barely budges and ends the summer at $0.65, with the unveiling of 7 Smart City projects in the works and the end of phase one for the Taipei project, which has increased in scope. Fall and winter are fairly uneventful, however news outlets go full steam ahead and talk of Bitcoin and Ethereum fill various programs. Still barely any mention of anything other than those two. 2021: This year begins with a bang at Hannover Messe, as Fujitsu unveils its fully autonomous smart factory concept, which rely on Bosch hardware, Qubic and IOTA. An initial release of Qubic is rolled out, with more to come during the year. IOTA quickly jumps to $1.00, then steadily climbs to $3.00 during the early summer. For the first time, mainstream news outlets are covering IOTA. Volkswagen announces 20 IOTA-powered charging stations working right now with IOTA, compatible with native wallets installed in VW, and Audi hybrid and electric cars. A week later, a partnership with Nissan, which publicizes its purchase of IOTA tokens, promises hundreds of IOTA-enabled stations in Canada and the US within 3 years and wallets available for 2022 or newer models. Bitcoin slides back up to the $7500 levels and stabilizes. Still no ETFs in play. Q3 and Q4 see the price of IOTA remain somewhat stable, going down to $2.00 at some point, then bouncing back. Academic groups lead the way towards implementing Qubic to perform decentralized computation. Taipei unveils the beginning of the Private ID program, which digitizes a large part of government-issued documents and allows wallet-enabled vehicles to automatically pay for parking, speeding tickets, tolls and more. The Taipei MRT (metro) begins a test run of IOTA. The year closes at $3.15/MIOTA and $7200/BTC. 2022: Things start to happen extremely fast. The pressure on small businesses to offer payments by IOTA grows, so they begin to accommodate customers who come in and pay directly with their phones. After much trial and error in the coordicide project, the network is large and polished enough to completely remove it. IOTA becomes the first fully decentralized, altruistic, secure and feeless cryptocurrency. MOIA announces the results of five years of R&D, alongside its fully autonomous ride-sharing vehicle, the Atlas. Mobility begins to change in Berlin, Hamburg and Helsinki. Plans to expand all over central Europe, North America and China are announced. IOTA quickly jumps to $8.00 by the end of Q1. In Q2, Novo Nordisk announces its use of the Tangle protocol for audit trails and supply chain management. Samsung announces its 'Smart World' ecosystem, which includes appliances and other machines, allowing them to connect to each other and be programmed to automatically make purchases using IOTA. A dozen other companies make similar announcements. The price of an IOTA reaches 50$ at its peak in July, then gets slashed down to $30 for a short while and stabilizes around $35. IOTA is now all over the news. Bitcoin goes down to $5000, then quickly drops even more, ending the year at $3300. 2023: the Lightning network is fully released just as the price of an individual Bitcoin slips back down under $1000 for the first time in over 6 years. "Programmable economy" becomes the buzzword of the year, and 5% of all worldwide factories have begun conversion into automatic demand-centric manufacturing hubs. Kicking off in Houston, Texas, the first city-wide self-balancing peer-to-peer energy grid is launched, using IOTA as currency. By April, 1 MIOTA is valued at just under $80. By May, enthusiasts celebrate the billionth device connected to the Tangle. The network keeps speeding up and reaches an average of 1 second for confirmation.
Has anybody said they've requested a copy of the NSW Supreme Court affidavit? Anyone know the earliest CSW was using Bitcoin? e.g. is there non-backdated evidence for 2012, or earlier? Ira's lawyer writes
within hours of Craig filing his motion, the cryptocurrency community erupted with news that the PGP signature at the bottom of the email was generated on March 12, 2014 –one year after Dave’s death and a few short weeks before Uyen’s fraudulent Sunbiz filing. Dave did not write or send this email (he was dead). It is a fake forged by Craig. Recognizing he had been caught in yet another lie, Craig withdrew the exhibit “because he cannot verify the date of the email exchange.” (ECF No. .) This was another lie. He knows for a fact when it was created because, as demonstrated below, documents produced in discovery prove that Craig himself drafted the fraudulent email mere minutes before a PDF of the forgery was created.
This is followed by a copy of Craig's first draft of the forgery before he changed the date and the To fields. (wow!) How did Ira get Craig's draft of the forgery? Does "documents produced in discovery" mean CSW's lawyers managed to hold Craig aside and perform a legit/honest keyword search over all Craig's email accounts (there are so many!) during discovery and send them all to Ira or Ira's lawyers without redaction? Does Uyen T Nguyen exist? What happened to attachment 27 (Ex. 27) on the May 14, 2018 amended complaint. It relates to Hotwire, which is the company for which CSW submitted a sworn affidavit of owning addresses he didn't, but it's not listed in Document Number 24's attachments. Many of the court documents on courtlistener are marked "Buy on Pacer" instead of being downloadable. I take it it's up to us to buy and donate them to courtlistener via the RECAP Project, and some kind soul has already done this for most - but not all - of the CSW lawsuit docs? In the process of writing the question I think I've mostly found the answers, but is anybody familiar with this process? Painless? US residents only?
Crypto Community Erupts Over Ethereum Foundation Member's Arrest
On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain technology.” After the Manhattan U.S. Attorney revealed the news, the cryptocurrency community erupted in outrage. The U.S. Attorney SDNY and the Federal Bureau of Investigation (FBI) announced charges against Virgil Griffith on November 29 detailing that the American citizen violated the International Emergency Economic Powers Act (IEEPA). Griffith is a well known member of the cryptocurrency community and worked with the Ethereum Foundation. U.S. law enforcement agencies allege that Griffith traveled to North Korea (DPRK) and gave “a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions.” “Despite receiving warnings not to go, Griffith allegedly traveled to one of the United States’ foremost adversaries, North Korea, where he taught his audience how to use blockchain technology to evade sanctions,” Assistant Attorney General John Demers said. “By this complaint, we begin the process of seeking justice for such conduct.” https://news.bitcoin.com/crypto-community-erupts-over-ethereum-foundation-members-arrest/
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