Waching daily May 27 2017

Clip 23

Episode 6 - Do you have a bad day?

Clip 23

Episode 6 - Do you have a bad day?

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Episode 6 - Do you have a bad day?

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Episode 6 - Do you have a bad day?

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Episode 6 - Do you have a bad day?

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Episode 6 - Do you have a bad day?

For more infomation >> Clips 23-27 vs Episode 6 - Do you have a bad day? - Skam - Duration: 11:17.

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A New Financial System Is Being Born - Duration: 17:10.

A New Financial System Is Being Born

If Bitcoin blew you away when you first discovered it, and continues to do so to this day, Spiral

Dynamics can help explain why. Bitcoin was an expression in the physical world of the

newly emergent leading-edge integral level consciousness. It drew lessons from history

and attempted to take the best of orange and green worldviews and incorporate them into

an entirely new form of money. We see the clear presence of free markets and individualism,

as well as the intentional separation of the system from dominator hierarchies (bureaucratic

government meddling), which had corrupted all money before it. Its greenness is evident

in the fact that by design no individual or company controls the network. Global, decentralized,

revolutionary technology. This is perhaps the perfect example of integral consciousness

operating on our planet at this time from an economics standpoint, and why it has captured

the imagination of so many, while at the same time being violently rejected by so many others.

From February�s post: Why Increased Consciousness is the Only Path Forward

Although I had heard about it much earlier, I didn�t truly start investigating Bitcoin

until the summer of 2012. The more I learned the more my mind was blown away, and for a

while I couldn�t think about anything else. What truly solidified its real world usefulness

to me was when I discovered it had been used by Wikileaks to accept payments in the midst

of a financial services blockade against the renegade publisher. This realization inspired

my first Bitcoin related post in August 2012 titled, Bitcoin: A Way to Fight Back Against

the Financial Terrorists?

In that piece, I linked to a Forbes article that detailed the revolutionary events taking

place. We learned:

Following a massive release of secret U.S. diplomatic cables in November 2010, donations

to WikiLeaks were blocked by Bank of America, VISA, MasterCard, PayPal and Western Union

on December 7th, 2010. Although private companies certainly have a right to select which transactions

to process or not, the political environment produced less than a fair and objective decision.

It was coordinated pressure exerted in a politicized climate by the U.S. government and it won�t

be the last time that we see this type of pressure.

Fortunately, there is way around this and other financial blockades with a global payment

method immune to political pressure and monetary censorship.

On its public bitcoin address, Wikileaks has taken in over $32,000 equivalent in more than

1,100 separate bitcoin donations throughout the blockade (1BTC = $10.00). But these amounts

may be significantly higher, because it does not even include the individually-generated

bitcoin addresses that WikiLeaks provides for donors upon request.

I knew right then and there that Bitcoin had the potential to change the world. My passion

for Bitcoin was always framed by my ten years working in the financial industry. Many of

us who lived through the 2008 crisis knew the financial system was dead. We knew it

was corrupt, archaic and terminal, so many of us began bracing for what might come next.

We did what we thought made sense at the time, which included buying precious metals like

gold and silver given their historic track record of protecting wealth in periods of

paradigm-shifting financial disruption. Others took more extreme measures to protect themselves

from the end of the financial system, but a small group forward thinking geeks decided

to do something much better. They decided to build an alternative.

Thus, Bitcoin was born and early adopters in the field of technology immediately began

to build on top of it. As soon as I realized what was happening much of the �doom and

gloom� that had enveloped my thinking began to lift. I now knew that even if the financial

system crashed and burned tomorrow, the early stages of a new and far more honest financial

system were already in place. The emergence of Bitcoin literally changed my life for the

better as it allowed me to emerge from a cave of gloom and become optimistic about our long-term

future. While I knew the path would be long and hard since the current entrenched interests

wouldn�t give up without a fight, I could see a very bright light at the end of the

tunnel, and the continued development in this space has been extraordinary to watch ever

since.

The global financial system as it stands completely archaic and corrupt. It enriches the wrong

types of people for the wrong sort of behavior, and is entirely extractive and parasitic by

design. If there�s sector in the economy that needs a total redesign and reboot for

the sake of humanity, it�s the financial system.

Being involved in the crypto world for the past five years has been a breath of fresh

air and a shot of adrenaline to my system. Traditional markets are a rigged snooze-fest

by comparison, grotesque financial Potemkin villages designed to make overly indebted,

predatory economies look good. What I find so fascinating about the current environment

is that many of the dreams we all read about in the very early days of Bitcoin are starting

to be implemented and designed, slowly but surely. For those of you who still have a

difficult time conceptualizing exactly what�s happening in the space, I think the following

tweet may help.

On that note, I want to talk about more than just Bitcoin, which I see as the reserve currency

of the crypto world. Beyond Bitcoin, a lot of the buzz in the space right now revolves

around a burgeoning phenomenon known as ICOs, or Initial Coin Offerings. So what are ICOs?

Yesterday, TechCrunch published an interesting piece on the topic. Here are a few keys points:

Because this editor was still confused (I�m not proud), I talked yesterday with Stan Miroshnik,

a UC Berkeley grad with an MBA from MIT who today runs L.A.-based Argon Group, one of

the first digital finance-focused investment banks. Miroshnik nicely answered an array

of questions about ICOs, including how these things get staged, how companies establish

a value for their offerings, and more. If you�re still trying to get a handle of this

latest investing trend, too, read on.

TC: ICOs are everywhere suddenly. When was the first ICO staged?

SM: You have to go back to around 2013, when Mastercoin, a protocol on top the bitcoin

blockchain, raised $500,000. Then you had a number of other milestone token sales, such

as Ethereum in 2014, then the DAO, or Decentralized Autonomous Organization, which was built on

the Ethereum blockchain and that stored and transmitted Ether and Ethereum-based assets

and that raised the equivalent of $150 million last year.

Momentum began to build after that, as a smaller group of [these offerings] grew in size, and

by last fall, some companies were raising millions of dollars in minutes. That really

kind of made people stand up and wonder if this is a new funding mechanism.

TC: How many ICOs have there been to date?

SM: There were 64 last year that collectively raised $103 million, excluding the DAO. So

far this year, we�ve seen 25 offerings raise a bit more than $163 million, and we�re

on track to see more than $210 million raised by the end of June.

TC: So how do these ICOs work, practically speaking?

SM: There�s a cadence to these things. You do the prep-work and get your project to a

natural technical milestone. Then you pre-announce when you�re planning to have a token sale,

describing some of the terms, and telling a story of the project and its goals. You

publish a white paper and disclosure and give people a chance to read it and comment. There

are also usually threads that develop on Reddit, Bitcointalk, Slack, Telegram and elsewhere,

where people actively debate the merits of the product. Then, on the landing page on

the aforementioned date, there�s typically a tool that enables purchasers to acquire

the tokens in exchange for bitcoin or ether.

TC: Is there a concern that U.S. regulators will crack down on these ICOs?

SM: Lawyers are relying on case law that defines what a security is. The most well-known case

is the �Howey Test,� created by the Supreme Court for determining whether certain transactions

qualify as investment contracts. If they do, then those transactions are considered securities

and are subject to certain disclosure and registration requirements. When tokens are

structured basically as the sale of a service or product, they�re designed to make sure

the various prongs of the test are not triggered.

TC: What types of companies are primarily using ICOs?

SM: It�s still a financing mechanism that�s very organic to the blockchain community.

It all started with protocols like Ethereum raising funding through this mechanism, and

it has stayed close to related projects, like the distributed storage company Storj and

Civic, a company that provides identify through the blockchain and is announcing its token

sale this Thursday. A lot of these founders and token buyers are part of bitcoin forums

and Reddit, and that�s why [certain companies] are able to raise these large sums fairly

quickly; they�re reaching out to thought leaders and getting their support and generating

buzz about their projects. It�s basically the open source community, now with an open-source

funding mechanism.

TC: What happens when people want to sell the tokens they�ve bought?

SM: Well, first, you can use them in a company�s ecosystem. With Storj, maybe you buy storage.

You can also accumulate these tokens over time, as a bet that with more enterprise demand

for storage capacity, the coins will become more valuable, after which you can sell your

tokens to someone else who needs to purchase storage space.

There are also a number of cryptocurrency exchanges where these tokens trade. In the

case of Storj, you can sell or buy on Poloniex or Bittrex.

TC: Should VCs be nervous about ICOs? You mention Civic, which is staging an ICO. Civic

has also raised some venture capital previously. But plenty of other companies seem to be skipping

the VC part.

SM: To some degree they should, but we�ve also talked with a lot of very smart VCs who

are looking at this space, including August Capital, Tim and Adam Draper, Blockchain Capital.

Many are doing the work to understand how to be involved and active in the space and

the fundamental value of these protocols. Union Square Ventures has said it now has

a mandate from its LPs to hold these assets.

For companies that raise funds through a token sale and that have had traditional angel or

venture rounds previously, for example, their equity investors get to skip one or two rounds

of dilution, which is great; it means their returns are hyper-levered.

There are two points I want to emphasize from the above. First, just how early we are in

the development of this area. The numbers are absolutely tiny at this point despite

all the hype. Recall that in 2017, we�ve seen 25 offerings raise a bit more than $163

million. That�s an infinitesimally small number in the scheme of things, thus room

for growth is massive. That being said, people considering getting involved in this space

as a buyer of ICOs need to be extraordinarily careful.

Investing in general is risky and challenging, but putting money into an ICO adds several

other layers of complexity and risk. First, as noted above these things are not equity

investments since they aren�t allowed to be under current regulations. Therefore, you�re

not simply investing in a startup, which is always extremely risky, but you�re making

a bet that the token itself is useful and will accrue in value over time. Therefore,

not only do you need to be right about the success of the business or product itself,

but the token also must have a real value-creating purpose to succeed in the long-run. Many people

will not understand this and think they are buying into the equity of the underlying businesses,

which sets up a perfect environment for fraudsters. You also need to bear in minds there�s a

ton of Bitcoin liquidity that is flooding around the space given the massive run its

had. Most early Bitcoin adopters and investors are very passionate and dedicated to this

space. They don�t want to sell coin for dollars, but want to put it in new projects

to keep the broader ecosystem growing. I think this is a fantastic thing, but it also means

there�s a lot of crypto currency sloshing around trying to find a home.

Despite the risks, I think the emergence of the burgeoning token market is a game-changing

and extraordinarily empowering development. The only thing preventing the crypto-coin

world from rapidly displacing the middlemen and bureaucrats of the traditional financial

system are the barriers around the traditional financial world. While we�d like to think

these barriers are there to protect the little people, we all know that the SEC and other

such regulatory bodies largely exist to protect the rich and powerful and secure their moat.

We saw this under Obama�s Mary Jo White, and we will surely see it under Trump�s

pick Jay Clayton, who seems to have all sorts of conflicts, including a wife who works at

Goldman Sachs. The SEC doesn�t protect the people, but as long as it pretends to, it

can continue to function as a gatekeeper for financial oligarchs and slow down the pace

of displacement of the dying financial system with the new parallel one currently being

created.

All of that is fine I suppose, and innovation in the crypto world will continue until one

day we will actually see equity offerings in startups to regular people as opposed to

just allocations to the wealthiest clients of brokerage firms. The innovation in this

space has the potential to flatten the world of investing in a meaningful and powerful

way, starting today with tokens, but ultimately in many other ways as well. It�s gonna take

time, but it�ll happen.

At this point, I just want to briefly address the common retort that �governments will

never let this happen,� which I get all the time. Here�s what I had to say about

it yesterday on Twitter, and I don�t really have much to say beyond this.

To conclude, I�d like to dedicate this post to all the brilliant geeks and the dynamic

entrepreneurs pushing hard every day to realize this incredible dream of a decentralized future.

A future that breaks down barriers, removes middlemen and empowers humanity to take its

next evolutionary leap forward. You are the ones creating this brand new world brimming

with potential and optimism, and I want to thank for all you have done and continue to

do.

For more infomation >> A New Financial System Is Being Born - Duration: 17:10.

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[CC EN] When you try to do glitch finding but end up dancing - Duration: 3:51.

Let's start, enough blabla

Today we taste the korean sauce

This one

My big burger for the barbecue

Oh crap, I am so glad to taste these burgers

My burger ... wait

My burger ... wait

My big burger

My big burger

My big big mac

My big Hammer

The chicken is delightful

My chicken corner

This sauce is awesome

My chicken corner

Let's lower the volume

It's the building

My big burgy

Let's taste 1,2,3

This sauce, you see

Cheese

My cheese

My onions

My salad

My coke/cocain [play on words]

BIGBURGER

This is THE burger

Burger man

Burger oil

Burger barbecue

Burger potato

Burger, big burger

Burger-man

Burger oil

Burger barbecue

Burger potato

Burger potato

The chicken is delightful

My chicken corner

This sauce is awesome

My chicken corner

Oh god this big quattro