Bitcoin Regulation by State (Updated 2018) - Bitcoin
UK Parliament Treasury Committee: Need for Cryptocurrency
Bitcoin Regulation in the UK - CoinDesk
Online gambling legislation and regulation. Starting your own gambling product.
Mobile gambling If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation. Mobile and Web Based Apps So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers. Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games. Most Popular Gambling Apps Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.
Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.
Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.
Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.
Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other. Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.
Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians. Virtual Money vs Real Money Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.
The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.
Real money gambling
Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only. What is an Online Gambling Licensing The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government. Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees. Countries that Provide Gambling Licensing Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.
Which gambling license is both internationally recognized?
The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more. In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.
Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses. How to get a License on Curaçao
Documents necessary for company registration:
bank account confirmation;
documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
a document certifying the right of domain possession;
description of games planned to be used in the project;
a list indicating countries of potential operation;
illustration of server locations to be used in the project;
a copy of the agreement with a software provider.
Gambling license cost:
Bank account opening $1000
Company registration $3600
Company management per year $3600
Application processing fee $1000
License fee per year $4800
Equipment/software fee starting from $1500
Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license. Apple and Google Gambling Rules You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.
Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.
Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store. Countries where gambling is illegal It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area. In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities. Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible. Starting your own gambling product Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
Cryptocurrencies are a new asset that appeared only in 2009 with the first decentralized cryptocurrency – Bitcoin. The authorities of most countries haven’t managed yet how to develop its regulation, but there are already those who have introduced a strict prohibition against digital money, and those who have legalized cryptocurrencies in full. by StealthEX Today we prepared for you the list of some of the most Bitcoin-Friendly countries, where blockchain technology is closely intertwining with the life of ordinary people.
The United States of America
From the very beginning, the USA has been one of the pioneers of building the crypto-friendly society. Not surprisingly the United States has the largest number of crypto users and the largest number of Bitcoin’s ATMs in the world. Today a lot of blockchain startups are working in Silicon Valley like BlockCypher, ThunderCore, Blockstream, CipherTrace, Cryptanna, MakerDAO, Coinbase and many others.
Canada can boast of two cities that are considered as “Bitcoin hubs” Toronto and Vancouver. Cryptocurrency itself is regulated by laws against money laundering and terrorism financing in Canada. In this country there is a very lively crypto community and many blockchain startups like Decentral, Vanbex Group were launched here. Nowadays thousands of organizations accepting BTC and other cryptocurrencies for payment are located in Canada.
The United Kingdom
The UK is considered one of the world’s leading financial and innovation centers. Therefore, in this country, there are also numerous blockchain-related projects. The United Kingdom is sure that the popularization of a new payment solution is inevitable and now preparing for the massive adoption of cryptocurrencies. Nowadays you can easily order a pint of beer in some local pubs and pay for it using BTC. Moreover, the Bank of England is closely monitoring cryptocurrency technologies and even asked the public to put forward ideas on how to improve their monetary constitution. Currently, Bitcoin is regarded as “private money”, where VAT is collected in the usual way from suppliers of any goods or services sold.
This country can be proud not only for being Bitcoin-friendly but also for having its own “Bitcoin City” called Arnhem. Here, almost everything can be purchased using crypto coins, including gas, housing, bicycles, and even dental services. At the legislative level, cryptocurrencies are not yet regulated in accordance with the Dutch Financial Supervision Act, and as a result, numerous blockchain startups and even the Bitcoin Embassy in the center of Amsterdam have occurred. In addition, the country’s banking sector, including ABN AMRO Bank and ING, is increasingly considering blockchain technology as a way to improve their own system and reduce costs. Netherlands is a regular participant in conferences regarding the development of Bitcoin.
Many people believe that this is the birthplace of the famous Satoshi Nakamoto – the creator of Bitcoin. The country is the first and only one that has a proper legal system regulating the trade in digital currencies. Moreover, the authorities of this country are considering launching Japan’s own national cryptocurrency – digital Yen. Today Japan is of the largest cryptocurrency market.
In February 2018, the Government of Malta decided to support blockchain-related projects, cryptocurrencies, and ICOs. That’s why many companies are considering moving to this paradise blockchain-island. At the same time, Malta is one of the leaders in online gaming and there are many implemented projects that connect blockchain technology with the gaming industry.
Sweden is among countries that want to eliminate paper money in favor of 100% digital currency. The Swedish Financial Supervisory Authority (Finansinspektionen) has legitimized the fast-growing crypto industry by publicly announcing Bitcoin (and other cryptocurrencies) as a means of payment. Sweden is home to numerous blockchain-based startups, including Safello, Starflow, Norbloc, Strawpay.
Historically, Switzerland has always been famous for the level of its banking system and banking secrecy, so it is not surprising that the authorities of this country didn’t prohibit the circulation of digital currencies. This country has become a kind of “tax haven” for cryptocurrencies. That’s why many blockchain startups started here and organize the headquarters of their business.
This small country is also open to innovative technologies. The government implemented blockchain technology to the healthcare system, banking services and even management, allowing its citizens to be among the first to use municipal and state services via the Internet. With one of the highest levels of Internet penetration in the world, Estonia has a good opportunity to become cryptocurrency capital of Europe. All the listed countries have demonstrated their hospitality to cryptocurrencies. But of course this is not the comprehensive list and as the crypto community will continue to grow the more countries will be ready to use the advantages of blockchain technology. We will be delighted to know your thoughts on Bitcoin-friendly countries. Hit your comments below. Original article was posted onhttps://stealthex.io/blog/2020/05/22/bitcoin-friendly-countries/
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Adrafinil vs Modafinil - The Definitive Reddit Guide
What is Modafinil?
Modafinil is a eugeroic – or, simply, a wakefulness-promoting agent – with a primary purpose of combating narcolepsy amongst suffers. Eugeroics differ from other stimulants because they are considered relatively non-addictive. This means that they do not cause the typical side effects experienced with most stimulants, like agitation and nervousness. Let us first discuss the chemical components of Modafinil. It is a racemic mixture, and such mixtures have equal amounts of left- and right-handed enantiomers. Enantiomers are the two forms in which large numbers of chemicals exist. Both forms are chemically and structurally identical, yet are nevertheless mirror images of the other. In other words, enantiomers are the ‘left’ and ‘right’ versions of a drug. These are called S and R enantiomers. One enantiomer is typically responsible for the majority of a drug’s effects, while the other can contribute to those positive effects. In other cases, the less dominant enantiomer can cause adverse side effects, or it be inert. Interestingly Modafinil Most racemic mixtures are balanced equally. This means half of the mixture is ‘left’ enantiomer and the other half is ‘right’. Modafinil is an equal combination of its S- and R- enantiomers, meaning that both have a psychoactive function. Just as you sometimes need two hands to do a job correctly, Modafinil uses both of its enantiomers to provide the ideal effect on body and mind. Preliminary scientific evidence has found that Modafinil works through histamine signaling. This phrase might indeed baffle you if you aren’t familiar with biological terminology. What this essentially means is that the histamine receptors, found for example in the central nervous system, are provoked. Michael J Minzenberg and Cameron S Carter’s journal provides ample scientific research on Modafinil’s neurochemical actions and effects. Histamine acts a neurotransmitter, a chemical substance which is released at the end of a nerve fibre by the arrival of a nerve impulse. Neurotransmitters affect the transfer of the impulse to another nerve fibre, muscle fibre, or some other structure within the body. Modafinil enhances histamine activity by stimulating the central system. This increased activity therefore impacts other nerve fibres/muscle fibres in the body, accounting for its ability to stimulate a fatigued body. As well as fighting tiredness, Modafinil also improves general mood and well-being amongst users, with positive improvements seen with mental focus, analytic capability and memory recall and retention. Britain deems Modafinil a prescription-only drug. In America, meanwhile, Modafinil’s brand name is Provigil. It is considered a scheduled drug, meaning that it necessitates a prescription in order to obtain it legally.
What is Adrafinil?
Adrafinil is a pro-drug to Modafinil. This simply means that supplementation of it increases concentrations of Modafinil in the body. The liver changes Adrafinil to Modafinil. Similarly to Modafinil, Adrafinil’s cognitive benefits are enhanced by noted improvements in day-time alertness, motivation, mood and energy levels. It also does not generate the irritability, anxiousness and nervousness routinely experienced through the use of other stimulants. Britain does not measure Adrafinil under the Misuse of Drugs Act 1971, a legislation that governs the regulation of drugs. This means that it is not regulated. Adrafinil’s legal status and nootropics in general, nevertheless remains in grey area. It is lawful for purchase by British residents, but only for personal use. In the U.S, however, the drug is currently legal and can be bought, prescription free, as an alternative to Modafinil. Though its manufactured moniker Olmifon was discontinued in 2011, Adrafinil itself can still be purchased easily online.
Why do they differ?
Modafinil and Adrafinil are two of the most popular stimulants available. Though both offer similar if not identical cognitive benefits, there are key distinctions between both. Chemically speaking, the structures of both drugs are very similar: Adrafinil Structure It is, however, with the body’s processing of each drug that differences become most apparent. Modafinil is processed through metabolic activity occurring mainly in the liver. Lesser contributions to the metabolising process are made through the activity of the enzyme cytochrome P450 (CYP). Cytochrome p-450 (often abbreviated “CYP”) is a class of enzymes that is involved in the metabolism of many medications and is located primarily in the liver. But, what exactly are enzymes? They exist in living organisms and catalyze specific biochemical reactions within the body. At the beginning of a reaction process, molecules exist called ‘substrates’. The enzyme converts these into ‘products’. All metabolic processes in cells require enzymes to react within the body at rates fast enough to sustain life. Adrafinil differs because it is changed into Modafinil in the liver. This means that it relies on greater enzyme activity to process correctly and efficiently. The conversion process of Adrafinil and Modafinil sees the former breaking down into the latter as a compound. This is how it is metabolized. Enzymes are relied upon more during the metabolic process of Adrafinil. As mentioned briefly in the metabolism of Modafinil, the enzyme involved in metabolizing Adrafinil when it reaches the liver is Cytochrome p-450. How quickly the liver is able to convert Adrafinil is dependent upon metabolic rate and the efficiency of the liver overall. Two people of the same sex, similar age and weight can take the same dose of Adrafinil but achieve very different results. In necessitating a more rigorous metabolism process, the most profound difference between Modafinil and Adrafinil is that the latter requires the greater use of Cytochrome p-450. Over time, if the drug is not taken cyclically, such enzymes can build up in the liver with potentially damaging effects on the organ as a whole.
Adrafinil vs Modafinil Dosage
For Adrafinil, it as advised to dose between 600 to 1200mg per day. It is further advised, as with the majority of supplements, to begin on a low dose, only increasing the amount after recognizing your own body’s reaction and tolerance. Adrafinil should not be taken in the afternoon and evening to prevent a sleepless night. Ideally, it should be taken 3 times a week and for no longer than five months. This is primarily to prevent side effects, tolerance and the build-up of enzymes in the liver. Examine.com state that Adrafinil’s recommended dosage range is vast, ranging from 600 to 1,200mg. BodhiSvaha on erowid.org explained their willingness to take both small doses and larger ones of Adrafinil:
After extensive experimentation with dosage, I have settled on taking 300mg when I wake up and another 300 mg in the early afternoon. There does not seem to be much, if any, habituation or tolerance created by Adrafinil.Occasionally I will take doses up to 1200 mg when a high degree of concentration is required. I have found this dose to be very effective at potentiating and improving the tryptamine experience, in particular. I find tryps sometimes bring a feeling of lethargy or body load with some cognitive dullness. Adrafinil counters this effect very nicely.
Here it is evident that, despite there being a large range of recommended doses for Adrafinil, all of them are safe. Whatever you choose within that range is dependent on your desired alertness and bodily tolerance. Reddit user ssitimefill explains the necessity of slowly upping Adrafinil dosage, as well as suggesting why a higher dose than Modafinil is required:
To my knowledge it is not established how what proportion of adrafinil is broken down into modafinil and what proportion into modafinilic acid.This proportion likely varies person to person, and also by dose. Some studies have reported adrafinil more potent at lower doses.The general psychological effect of adrafinil depends not only on the quantity converted into modafinil but the rate of this conversion.300 mg of modafinil from adrafinil is not likely to produce an identical effect from 300 mg of modafinil.Basically there is no way to determine optimum dose of adrafinil other than trial and error.The best procedure is to start with low doses (measured via scale) and slowly increase dose until you reach the optimal, then sub-optimal dose. When you have reached sub-optimal dose (too much adrafinil) you can deduce what dose is optimal for you.
Because Modafinil does not transform in the liver, it generally requires lesser dosage to reach its optimum effect. Modafinil is typically sold in 100 mg or 200 mg tablets. The latter option is more popular due to its greater availability. 200 mg is indeed the recommended dose, to be taken once per day, usually during the morning. It may be taken with or without food. (nootriment.com) Some recommend starting with an initial intake of 100 mg Modafinil dosage. This helps with accustoming the body to the drug itself. An anonymous writer on erowid.org posted his first use of 100mg Modafinil, describing its positive effects:
And today I tried modafinil 100 mg for the first time. I took it at around 10:45 AM today and it is now 4:35 PM. My experience has been much like those of others herein described– initial buzziness (~1 hr after I took the pill) that lasted about as long. But for the past 4 hours, I have been just plain awake. I have not succumbed to the usual desire to take a nap in the afternoons despite the near-90-degree heat, which usually puts me right to sleep. I have had no such desire in fact. I am not jittery or having unusual thoughts, etc.
It is also possible to take higher doses. Up to 400 mg per day has been shown to be very well-tolerated. Pino on drugs-forum tried a variety of dosages and provides some succinct information of the results: Combinations:
200 mg modafinil +caffeine: Pleasant vibe, easy and fast thinking. Able to solve sudokus a lot quicker. The bus driver becomes more self reassured in conversations and is able to focus more than 16 hours. Sleep quality is ok. (bp: 130/80)200 mg modafinil + too much caffeine (4 cups of coffee): Anxiousness and some hypertension kicks in here. (bp: 140/93) Concentration is less than optimal in this region.400 mg modafinil + normal caffeine: Nice euphoria, but can also turn into anxiousness.
It is clear that the recommended doses are speculative and dependent on personal accounts of drug use. There are certainly more user reviews around the internet that explain individual experiences of alternating dosage amounts. There is, of course, still the question of the differences in dosage between Modafinil and Adrafinil. Jjhurley on Reddit discussed the differences in dosage between both:
… most people tell me 300mg of adra is comparable to just 100mg of moda. Whether your ratio or this other ratio is correct doesn’t make too much a difference, but I have been taking 600mg of adra and don’t want to lose any potency. Is this to say I should go with 300-400mg of moda? If so, that’s a little upsetting because I was really hoping to have equal, if not better, experiences on just 200mg of moda.
ProfWiki agreed that Adrafinil should be taken in higher dosages than Modafinil:
I take 600 mg in order to get effects. This is equivalent to about 200 mg of modafinil. I think throwf0 read you as saying modafinil since he mentioned modafinil. Modafinil is a lot stronger than adrafinil. 150 mg of adrafinil would be about like 50 mg of adrafinil.Anyway, like I said, 50 mg of Adrafinil is far too lose to be effective. 50 mg of MODAfinil might work okay for some but they typically are just breaking up a standard 100/200 mg dose.Being that Adrafinil works by metabolizing into Modafinil, and that as a rule of thumb 1/3 of Adrafinil turns into modafinil, a 50 mg dose of Adrafinil would be just roughly 16-17 mg of modafinil. There wouldn’t be any effects from such a low level dose.
Adrafinil vs Provigil
Let us first make one distinction: Adrafinil = generic drug Provigil = brand name of Modafinil It is often questioned what the difference between Provigil and Adrafinil is. However, the former is simply a branded name for the generic drug Modafinil, which, as we have now found, is the metabolite of Adrafinil. So long as users are acquiring pure generic versions of Adrafinil, then the same effects as Provigil will be felt and the advised dosage will essentially be identical. It is therefore not unusual for potential users to question the differences between Provigil and Adrafinil. Moreover, it is certainly not unreasonable to question their differences. For instance, internet user Shatneresque questioned the difference between Modafinil and Provigil, which are the same drug, asking:
My pharmacy sent me a email saying I can now replace my Provigil ($125 a month) with the generic version and they need my okay to do so.Before I say yes and say the money, I want to know if anyone has noticed any differences. I am very happy with the provigil and have been taking it for several years.
This query was answered by Serpens:
It appears that Cephalon, the maker of Provigil, has been purchased by Teva, titan generic manufacturer. There are currently three manufacturers selling a generic labeled ‘modafinil’ : Cephalon (brand holder), Teva, and Par. All three are using the same brand name NDA license on file with the FDA. In addition, Elsevier’s Clinical Pharmacology has images and references available for the generic product being shipped for all three drug companies.They’re all the same pill. Images of all three products show a white oblong tablet with “Provigil” on one side, and the strength on the other. All products have the same inactive ingredients.
Queries like this prove that caution is imperative when deciding on which supplement to use. This is especially true if you are a first time user or are, like Shatneresque, accustomed to using one particular brand such as Provigil. Researching alternatives and finding the most information about whatever drug you are choosing is vital if you are to select the right one for you. Awareness is the key and there is no harm in asking questions that, to you, may sound obvious once they are answered.
Provigil was originally manufactured by Cephalon, the same company behind the previously branded version of Adrafinil (Olmifon). Business editor Dell Poncet writes of how, in 1999, interest for both Cephalon and Provigil was taking off, with registered quarterly sales of $10.7 million. Being among the leading biopharmaceutical companies in the world, Cephalon flourished. In 2011, it was acquired by Teva, the largest generic drug manufacturer in the world for a huge $6.8 billion (read more here). There is little surprise, then, that Provigil is sold at quite a cost. A 30-day supply of Provigil 200mg pills can cost as much as $1500. Buyers in the UK can therefore expect to pay even more if the pharmacy offers world-wide shipping. Since branded Modafinil is so expensive, Adrafinil is clearly the best alternative. The latter drug does not come attached to a manufactured title, and is inexpensive yet easily attainable. What is more, it can be bought prescription-free online or by phone. There are plenty of legitimate outlets stocking Adrafinil and these can be accessed at the click of a button. If economizing is one aspect of importance, then Adrafinil is certainly the best choice.
Modafinil in India
More importantly health-wise, though, is the scary possibility of purchasing a dodgy-version of branded Modafinil online. With the cost of Provigil being so high, it is unsurprising that many prospective users look for a cheaper alternative for their first time trying the drug. Many turn to the internet’s grey market, where there is a lingering risk of being ripped off with tampered drugs. This is where extra caution and care should be applied. Once users began contemplating off-label equivalents, international pharmacy websites quickly took the opportunity to sell these kinds of drugs. The most popular location from which many internet users buy unbranded Modafinil is India. Sources of the drug in India do not require strict quality control, nor are prescriptions required by users. In fact, there is much information to be considered with regard to India’s counterfeit drugs market. This article on New York Times discusses how:
India’s drug industry is one of the country’s most important economic engines, exporting $15 billion in products annually, and some of its factories are world-class, virtually undistinguishable from their counterparts in the West. But others suffer from serious quality control problems. The World Health Organization estimated that one in five drugs made in India are fakes. A 2010 survey of New Delhi pharmacies found that 12 percent of sampled drugs were spurious.
Meanwhile, this article on safemedsonline.org attests to the New York Times’ discussion, stating that:
The Food and Drug Administration recently conducted a series ofraidsin India to uncover counterfeit drugs. The raids yielded large quantities of substandard medicines and resulted in several arrests. However, in India, the penalties for making and selling counterfeit medicines are minimal, the convictions are rare, and the profits are enormous. Since the raids late last year, the problem has only gotten worse.
Alarm bells should definitely ring here. Without quality control, many drugs that appear on international websites do not contain legitimate ingredients. It is a huge gamble to assume your purchased pills are pure or authentic. There’s a great possibility that you might not experience the proper effects of the medication and there is serious potential that you may have toxic reactions to the ingredients in fake versions of the drug. Some websites and online Nootropics communities maintain lists of verified and trustworthy Modafinil vendors, but such vendors do not generally stay on the lists for long. In many cases, a trusted supplier can end up sending out a fake or ineffective batch of pills even after you have developed a long-standing relationship with them. It is almost impossible to protect against this risk. There is really only one sensible alternative if you find the price of Provigil unreasonable, or if you are contemplating buying potentially contaminated off-label versions from India. Users should purchase Adrafinil from a reputable supplier instead, rather than paying the very serious costs of purchasing from an unreliable source abroad.
Adrafinil vs Modafinil forum
There are many reviews across the internet on individual preferences: Adrafinil or Modafinil. It is all, of course, subjective to user experience. Whilst some remain skeptical towards the newer of the two drugs, Adrafinil, there are huge amounts of successful reviews to be considered. On reddit, jjhurley writes:
Long story short, today is just my 3rd day using adrafinil and I’m impressed with the results so far.I keep reading from people who’ve experienced both adra & moda is that they prefer modafinil. To me it is surprising there would be a whole lot of difference given what we know about adrafinil converting to modafinil once in your system. I understand the conversion takes time but I wouldn’t think that to make a significant impact to different effects.
It is also important to remember that Adrafinil is converted into Modafinil once in the liver. Many users therefore experience the same results with both drugs, and are positive in their opinions of both. DoyouknowmyPW on Reddit concurs, stating that:
I’ve been using Adrafinil and Modafinil for a few weeks now during the workweek. 100-150mg for Modafinil, 200-270 for Adrafinil. I’ve never noticed any painful side-effects, might just be a coincidence. Sharp pain like that could be trapped gas (of course I am not a physician though!).It does help greatly staying more alert during the day. Before I would have issues some days where I am truly struggling to keep my eyes open, especially during meetings. I’ve fallen asleep at least twice for a brief second because my eyes were just too heavy. Since I’ve been taking the morning dose that sleepiness has gone away and I am now on a better sleep schedule because I feel tired when I’m suppose to.
Some users speak of branded versions of the drugs. For example, Akoward on drugs-forum writes:
Recently got a hold of some Nuvigil. Have had previous experience with Olmifon (Adrafinil). As has been said before its much more potent at lower dose that Adrafinil. I only need 1/2 a pill to do what 2x300mg Adrafinils were doing for me. I took a whole Nuvigil the first time and was more productive in that single day that I had been in ages. Got all my work done, worked on personal projects… it was amazing. I will say that some of the physical side effects were a little troubling (ever present tightness in the collarbone to middle neck area, massive restless legs)
It is important to see that with Akoward’s review, despite him alternating to the branded Armodafinil, side-effects were still experienced. This goes to show that Adrafinil, though not manufactured under a moniker, is no less competent in generating the excellent results that might be expected from those drugs which sound more ‘professional’.
Adrafinil vs Modafinil vs Armodafinil
Like Adrafinil and Modafinil, Armodafinil is a stimulant used to combat fatigue. Introduced in 2007, Armodafinil appears under brand names such as Nuvigil, Artvigil, and Waklert. It is purportedly more effective at lower doses than its relatives Adrafinil and Modafinil. Armodafinil is an enantiopure drug. Enantiopure drugs contain only one of the enantiomers (spoken about earlier), R or S. The R enantiomer is longer acting and is most responsible for the effects of Modafinil specifically. Since the S enantiomer is not as strong, Armodafinil’s dosage is therefore lower. Most doses are 150mg compared to Modafinil’s 200mg standard dose. Whilst the effects last for roughly the same time, Armodafinil takes longer to reach its peak than Modafinil, and therefore even longer than Adrafinil. This is simply because the S enantiomer reacts and leaves the body faster. Remember, Armodafinil does not have the S enantiomer, whereas Modafinil does. Adrafinil does, too, because Modafinil is a component within it. Because of this, users find that the effects of Armodafinil take longer to make themselves apparent – a potential disadvantage for prospective users. So, how is Armodafinil processed? Dopamine is a compound existing as neurotransmitter within the body. It is also precursor of other substances including adrenaline. Armodafinil is an indirect dopamine receptor agonist. What this essentially means, then, is that Armodafinil provokes the dopamine levels in the body. Armodafinil is metabolized in much the similar way as Modafinil. It relies on amide hydrolysis primarily, and enzyme activity from by cytochrome P450 secondly. Amide Hydrolysis refers to the reaction with water of amides – a compound) As a consequence, this means that is does not rely as much on heavy enzyme activity in the liver. Adrafinil does. This presents further difference that may be considered by potential users. However, it is important to remember to stick to dosage guidance. If taken properly, and often cyclically, Adrafinil is no more threatening to the liver than Modafinil or Armodafinil. Because Armodafinil, Modafinil and Adrafinil are all very similar in terms of effect, there is much discussion about which is the best. With regard to Modafinil and Armodafinil specifically, some may assume that because small dosages are needed for the latter that it is more efficient. However, it is important to remember individual sensitivity levels. Different drugs can have different reactions for different people. Potency is therefore not the only factor; the personal experience of using either Armodafinil or Modafinil is equally important. A trial and error approach may be necessary, but, of course, extensive research to find the best possible supplement for you is paramount. In undertaking research, then, you may discover information that suits your needs. For example, it is proposed that, unlike Modafinil, Armodafinil will not actually disturb your existing sleep patterns. Modafinil users might agree a good night’s sleep is difficult to achieve depending on the dosage. Reddit user guitar1560 states that
I took 50mg two days in a row twice. Couldn’t sleep well the second night both times
Whereas SequenceConvenience writes
I’ve experienced pretty strong sleep changes while taking modafinil, but nothing that has been negative. I actually seem to need less sleep, at least in the sense that it is very easy for me to get out of bed the day after taking modafinil. Then again, I also don’t seem to have much in the way of dreams during those nights.
Armodafinil does not impact sleep pattern. However, with SequenceConvenience’s review, it is clear that some find this a positive effect of Modafinil while others, like guitar1560, may be disappointed. Respective costs of the drugs might further influence your decision. KimberCT on Longe City tried both Armodafinil and Modafinil, but was swayed somewhat by the price of Nuvigil (the branded name of Armodafinil):
Currently taking 250mg armodafinil daily. To be honest, I kind of prefer modafinil. It seems to have a little more of a quick kick to it. Probably that isomer with a short half life peaking. Other than that, I can’t tell the difference between Nuvigil and modafinil (Sun Pharma). I’d probably have continued taking modafinil, but Cephalon has jacked the price since Nuvigil was FDA approved. With an Rx, Provigil is twice the price of Nuvigil. Their way of getting everyone onto Nuvigil before Provigil’s patent expires.
Adrafinil, meanwhile, can be obtained very cheaply online because it does not exist under a manufactured name. Nevertheless, many of these drugs are safe to use even if they lack a moniker like Provigil or Nuvigil. To stop concerns of the legitimacy of your purchased drug, always ask that your online manufacturer provides a COA (Certificate of Authenticity) on demand. This means that the substance batch has undergone a third-party laboratory analysis to ensure that your purchased drug matches its label and is not contaminated. A common side-effect of Adrafinil is that the urine can smell different after ingestion of the drug. This is because one of Adrafinil’s metabolites contains a sulphur-based compound, and sulphur is strong smelling in itself. However, these criticisms are not limited to Adrafinil alone and it should not sway potential users away from this particular drug. Modafinil has also been found to change the odor of urine. For example, PhysicsMaestro on Longe city queries:
I’ve been using modafinil (modalert) for about 8 months now, and regularly noticed a distinct smell of my urine whenever taking it. However, with this armodafinil, I don’t seem to notice it, which worries me a bit (i.e., not really what it states to be). Has anyone else noticed this difference between armodafinil and modafinil? I thought maybe the S-enantiomer could be metabolized and excreted quicker, thus resulting in an early onset smell, but I am just guessing.
The difference could easily be due to one of the excipients of the tablet, not the active ingredient. It’s also possible that only the S-enantiomer causes the smell, and of course, there’s the possibility that either these pills or the old ones didn’t actually contain modafinil. Sometimes they contain caffeine or dimethylamylamine or other stimulants, either mixed with modafinil or completely replacing it.
PhysicsMaestro thereafter concurrs:
I thought the odorous urine was ubiquitous to all variants of modafinil, resulting from its metabolites. But I guess the smell could be dependent on the enantiomer. I am willing to assume that whatever enzyme metabolizes modafinil to modafinil acid would leave its chirality intact. I don’t think it would be the excipients since the smell is so widely reported with different sources (and the modafinil has a sulfiyl group, so)
Nor does Armodafinil escape the urine issues. An anonymous writer on Erowid.org wrote:
Oh, and the pill tastes awful. Don’t let it get stuck in your mouth. And my pee starts to smell like it, too, but I get used to it
It is therefore important not to be selective of criticism based on what drug you have been swayed by. If you read that Modafinil is apparently “safer” because it does not rely on rampant enzyme activity, then do remember to include other issues such as cost-efficiency and, of course, other side-effects that might become more apparent than rare liver problems. These side-effects might include nausea, chest-pain or a faster heart rate (nhs.uk). Adrafinil stands out as the most cost-effective, and, though it has been reported to alter urine odor, it is not alone. Modafinil, the more expensive, and Armodafinil, with a longer reaction time, also generate similar side-effects. As well as reviews on specific effects of Adrafinil, Armodafinil or Modafinil, there are plenty of general overviews to be found around the internet. On Reddit, BitcoinOperatedGirl writes of her experience:
I tried the adrafinil first, starting with a low dose of 200mg one morning. I prepared a capsule and put it in a baggie next to my pillow before I went to sleep. When my alarm clock rang in the morning, I swallowed the capsule, silenced the alarm clock, and went back to sleep. I was expecting the stimulatory effect to eventually wake me up, as a caffeine pill would, but I ended up sleeping for two more hours. I felt a little disappointed after getting up and not feeling any stimulation, so I decided to add an extra 400mg to the mix.The rest of the day, I was in a fairly good mood. I thought that I was maybe a little more energetic and motivated than usual. I was fairly productive and I worked out. The effect wasn’t what I expected, however. I’ve read people on here talking about feeling wired, and “laser beam focus”, but a whole 600mg of adrafinil felt nothing close to what I imagined (I guess I imagined it would feel like a mild dose of ritalin or something). On the upside, I experienced no substantial anxiety, whereas all the amphetamine-like drugs make me very uncomfortably anxious (I really can’t stand them, they feel disgusting to me). I didn’t really feel a crash and I went to bed at my normal hour.I’m experimenting with adrafinil again today. I took 800mg this time. I was feeling particularly tired this morning (cripplingly tired, lethargic really). I definitely feel more energetic now. I’ve gotten some work done, I’m feeling the drive to write walls of text on reddit and I’m going to have a workout in a few minutes. I don’t expect to have any motivational issues today. Maybe I’ll even cook something fun. Only unfortunate side-effect seems to be a mild headache, but advil seems to be taking care of that.I also tried armodafinil a week ago. Took a small 75mg dose in the morning. Same setup as with adrafinil. I also fell back to sleep for 2 hours. I felt pretty anxious that day and also got a headache. I can’t quite be sure the armodafinil is to blame but I suspect it is. Seems much more anxiety-inducing than adrafinil, which is unfortunate given that it seems adrafinil is worse for your liver. Armodafinil is probably just not for me.
Nezxon on LongeCity meanwhile states that:
I’m taking 75mg Adrafinil (Olmifon) twice daily and I haven’t experienced any side effects. I’d like to give Armodafinil a try, perhaps even safer in the long-term than Modafinil is.
These kinds of reviews certainly help to build a solid picture of each drug’s story. Undertaking research like this to decide on which drug is preferable to you is definitely something you should embark on before picking at random a supplement based on one review.
Adrafinil vs Modafinil reddit
The only notable difference in reviews between Modafinil and Adrafinil is that the latter takes longer to take effect. For example, justmodz1 stated that:
adrafinil is the precursor of modafinil in that it came first and led to the discovery of modafinil in fact adrafinil turns into modafinil in the body due to breakdown of it molecules which actually means that the two have the same effects but adrafinil takes longer to take effect.
While KPC100 agreed that:
Adrafinil gets turned into Modafinil in your system. Because of this, you need a much larger dose and it takes longer to take effect.
Although it does have a longer reaction time, this certainly shouldn’t be a downfall of Adrafinil. It is simply a case that Adrafinil’s chemical processing takes a little longer. However, once complete, the results are just as effective as those found with Modafinil. Take into consideration, also, that Adrafinil will certainly stimulate, energize and ultimately shake you awake. The seemingly longer period of time before this happens will soon become irrelevant when the benefits are reaped. Further Reddit reviews compare other aspects of Adrafinil and Modafinil. Jjhurley, commenting on the actual nature of each drug, states that:
I keep reading from people who’ve experienced both adra & moda is that they prefer modafinil. To me it is surprising there would be a whole lot of difference given what we know about adrafinil converting to modafinil once in your system. I understand the conversion takes time but I wouldn’t think that to make a significant impact to different effects.
While the same user goes on to discuss issues of costing, in the end suggesting that, in terms of price, they would definitely prefer Adrafinil:
I was really hoping to have equal, if not better, experiences on just 200mg of moda. The reason I’d like to not take more than that is simply cost. At $1.50-2.00 per 200mg pill of moda (prices based off the quantities I’d be ordering as well as variation in supplier prices) it’s too costly to have to take twice that for my own personal budget. To be honest, even at $1.50-2.00 per pill/200mg is already high for my budget.I can get 50g of adrafinil for $98 which comes out to up to 50% cheaper a single moda dose/pill of 200mg. If conversion ratios are right and I’d need two pills or 400mg of moda though then my adra would be 75% cheaper.
There are plenty of important aspects to consider when choosing between Modafinil or Adrafinil. Firstly, selecting the safest and most reliable drug should be of paramount interest. Whereas Adrafinil is often tested by third parties and is shipped nationally rather than across sees, Modafinil (both branded and unbranded versions) is often left untested and sent from India. Quality control is a big issue of concern for international pharmacies and should definitely guide your final decision. Pricing is also important to consider. Although you might think you’re getting a better deal by choosing a cheaper off-label version from India, it is still not as easy to buy Modafinil as it is Adrafinil. Most venders of Modafinil do not accept Paypal. This service offers secure buyer protection. With the option of a legitimate, nationally supplied alternative in Adrafinil, it is illogical to risk your bank account details instead – just to purchase a drug that will likely be contaminated and unsafe
Firstly, don't buy drugs on reddit (or even the clearnet). Secondly, CBD buds aren't legal.
2 things to get off my chest that eat at me most days I come to clear the modque. This is not a post to try and reinstate the rules, it is just some explaining. edit 1: Apologies for getting heated in the comments of this one, this post is the outlet for the festering rage that increases every time I read about someone being scammed or claiming CBD flower is legal. I'm normally pretty chill, I promise x edit 2: Adding some Q&A from the comments into the main body. Some of them I've included because they are good points that are a good idea to add, others are to stop others asking the same question. edit 3: you guys who previously thought CBD flower was legal, and have now changed your stance and agree with what I'm saying, you guys are the real MVPs. Whether you commented or not, you're the real homies fr.
Don't buy drugs on reddit, or on the clearnet.
On average, we hear of one person on this sub being scammed by another redditor (and sometimes a clearnet site) every 2 days. I'd hazard a guess and say most people don't message us about being scammed out of embarrassment (in hindsight). That's a lot of money being wasted, money that (given our average age) we really can't afford to just piss away. You know it genuinely makes us upset when we see someone scammed for a couple hundred quid. Not because it breaks the rules, not because the sub is at risk, but because someone has lost money they worked for and they are also encouraging the scammer to keep scamming. So, this is me saying just don't fucking do it. Business conducted without connection to the sub is irrelevant to us, and this post isn't to protect the sub or us. If someone is here vending through PMs there is a 99.99% chance they are a scammer. Imagine, right, you've got 10LBs of grass in 20 different strains in 3 different forms. You clearly have money through previous sales, and you're set to vend. Do you, a, frantically PM people through reddit asking you to buy through Wickr. Or, b, setup shop on a market and continue to build rep. Also, everyone who says they have a firrrrrrrre link (flame emoji x 10) who deals through Wickr you should message they are also a scammer. You will loose your money and your dignity. They will also have your address that you will more than likely be blackmailed with shortly after (which is also a common occurrence). Every person who's been scammed messages us the same way 'I know it's stupid and I know it was obvious they are a scammer but u/WorthlessPieceOfShit scammed me and here's proof.'. Hindsight is a bitch, so get some fuckin forsight and don't be a moron. Also, clearnet websites, don't even touch 'em. Instagram is like wading through a pool of shit to find a gold plated coin. Yeah the coin is there, but it is neither worth the trouble or time. It can be alluring to those who can't be arsed with learning to use the markets because of how easy it is, and then after the fact will justify why Instagram is better than any other alternative. Not only that, think of your OPSEC for gods sake. For those of you who struggle to keep your singular brain cell company who will still go on to piss money into the wind, if you contact us with proof that you have been scammed, there is no repercussion. Don't be afraid, we will only judge you in private ;).
Reddit Plug Comment Q&A
Q)So is there no way of finding a dealer on reddit? A) Wherever you look, you will always be able to find a source. If you attend your local female only 60+ chrrurch group for long enough you will find a lovely old lady who knows a guy who knows a guy who comes through. All I'm saying is that, as an amateur, you will miss the obvious warning signs of a scammer and with no way to verify legitimacy of a reddit plug (other than PGP) you will fall victim. I say amateur, because those who know what they are doing don't buy through a damn social media platform, unless they know them personally or have an exceptional circumstance. Q)So where do I find a plug online? You all talk of doing it but don't let up. or What market? A) Right, this isn't the place for this sort of question, and truth be told there isn't a reliable single outlet for it any more. However, the one and the only search term you need is DNM. With this single acronym, you have the full capacity to go out and research every single aspect of ordering safely online. Where to go, who to buy from, how to keep yourself safe. It's all out there and very easy to do/find. Like seriously. Just do the research, learn the shit, learn how to use bitcoin and tumblers, learn how to use PGP, learn it all (like we all had to) and you'll be up and running in no time. If you can't work it out, then you really should stick to street dealers. I don't say that patronisingly, I mean that if you can't work it out from there on your own, you will end up getting scammed or getting caught.
CBD Buds Are Illegal
Update: in another one of the usual shite and misleading responses to a petition our favourite home office shed some light on CBD products, too, and it's even more stupid than we thought:
In relation to industrial hemp, the Government has no intention of amending this policy. The Government operates a robust and risk-based licensing system to enable the cultivation of low THC cannabis (industrial hemp) from the non-controlled parts of the cannabis plant (i.e. seeds and fibre/mature stalk). Our policy enables the production of hemp fibre for industrial purposes or the obtaining of seeds which are then pressed for their oil. The cultivation of cannabis plants must be from approved seed types with a THC content not exceeding 0.2%. The ‘0.2%’ reference is used solely to identify varieties which may potentially be cultivated, within the scope of this policy. The current policy is in place to prevent misuse and diversion of the controlled parts of the cannabis plant, and currently, there is a large number of companies successfully operating under this industrial hemp policy. Home Office
To be honest this contradicts some of the laws quoted below, so it should be taken with a teaspoon of salt, but even so. End of update No, it isn't a grey area. NO, CLEAR don't always get it right. Yes, you can get nicked for it. Yes, it is illegal. Here is a link to the law in question. There are no 2 ways about it, CBD buds are not legal. Here is another supporting sheet, and whilst it is produced by the government, it doesn't serve as a legal document, moreso advice, so take that with a pinch of salt.
Home Office policy provides that licences may be issued for the cultivation of cannabis plants with a low tetrahydrocannabinol (THC) content for the production of hemp fibre for industrial purposes or the obtaining of seeds which are then pressed for their oil. For both of these uses, licences are granted to enable the use of non-controlled parts of the plant (i.e. seeds and fibre/ mature stalk only). This policy is only applicable where non-controlled parts of the plant are used. There needs to be a defined commercial end use and the Home Office only issues licences for cultivation of plants from approved seed types with a THC content not exceeding 0.2%. The ‘0.2%’ reference is used solely to identify varieties which may potentially be cultivated, within the scope of this policy, and to differentiate between the fee level is applicable under the Misuse of Drugs (Fees) Regulations 2010. The Hemp (Third Country Imports) Regulations 2002 also require, except in specified circumstances, that hemp from ‘third countries’ be imported under a licence an
Oil, tea, handbags and shampoo can be made from industrial hemp, and the plant that they were made from may contain low levels of THC and contain CBD as long as they are produced by licensed peoples. Flower, however, is not legal under any circumstance. Theoretically, completely THC and THC-V free flower would be un controlled (legal). But that is impossible by current standards, and doesn't exist (yet). Every CBD heavy plant has atleast trace THC(-V). The bulshit 0.2% rule that ill-informed people and love toting is nothing more than the number that allows a company to grow that plant under license, and for that plant to be grown for industrial use. Nothing else. Feel free to also brows 2001s misuse of drugs act in which you find nothing contradictory of the above. So please, for the love of god, stop hounding us and eachother over whether it is legal and why you think it is. If you can provide me with proof of the contrary, I'd love to see it, and would happily change my stance.
CBD Flower Isn't Legal Comment Q&A
Q)What do you make of this? Specifically "The law states products ‘derived from’ industrial hemp can be exempt from the MODA if they have been ‘processed’ and contain less than 1mg of THC or CBN." I always thought that was the loophole or grey area, that it is considered a processed hemp product by way of drying, curing and trimming, but I've not spent all that long looking into it and I'm not at all qualified to comment, I'm certainly not a legal professional. A) Interesting point, and an article I hadn’t seen before. Here is the government fact sheet they are referring to, in which it states: 'An “exempt product” means a preparation or other product consisting of one or more component parts, any of which contains a controlled drug, where— a) the preparation or other product is not designed for administration of the controlled drug to a human being or animal; b) the controlled drug in any component part is packaged in such a form, or in combination with other active or inert substances in such a manner, that it cannot be recovered by readily applicable means or in a yield which constitutes a risk to health c) no one component part of the product or preparation contains more than one milligram of the controlled drug or one microgram in the case of lysergide or any other N-alkyl derivative of lysergamide.' Do you mean to tell me that they prepare the CBD buds half a gram at a time? Not a chance. So that breaks rule b. So CBD if prepared in a quantity above half a gram (at any point if it was in contact with more than half a gram) , even if it is broken down into grams to sell). There will not be a single place that picks half a gram at a time, prepares it and then packages it in half gram quantities only. Thus, still illegal. And the products are advertised and meant for human consumption. So, still controlled under the laws i originally stated. Q)But it's legal under EU law, which we abide by, so that's where the grey area is isn't it? A) CBD flower isn't legal according to the EMCDDA, in fact they don't even distinguish it from high THC weed as far as legality. The only time Cannabis is Legal under EU law is if prescribed medically, be it THC or CBD strong. Even further, they only allow four brands of either to be prescribed: sativex, marinol, cesamet and bedrocan two of which are fuckin synthetic. Are you saying that the legality of regular weed is a grey area because is can be prescribed medically by the EU? No. Are you saying that because the EU allow it to be medically prescribed you can appeal in court? I should hope not. Further than that, the EMCDDA just set out the guidelines, i.e. if the country sees fit they can decide their own drug laws (such as in the case of CBD flower being legal in France and Italy, yet illegal in the UK). Source 1 , Source 2 straight from the horses mouth. Q)But it's sold in headshops, so it isn't your fault if you get caught is it? A) This just isn't true, I don't know how else to put it. Less you show me the 'if I didn't know it was illegal, it's not illegal law lol'. Just as a side note, why do you think Holland and Barret don't sell the flower, and only sell the oil eh? Cmon now use your noggin. Quite a few CBD shops have been raided too, so the fact that they exist isn't testament to legality in any way. If you're local corner shop sold ketamine in its sherbert packets, and you knew what you were buying, and it says ketamine on the reciept, you're still getting nicked for having ket on you regardless of whether you can produce a reciept to say you bought it at a shop. Just because the shop gets nicked, doesn't mean you don't.
Sorry For The Rant
Now that these two things are very clear, I can stop getting twisted over people getting scammed and just laugh as the information is here and clear, and I can link this post whenever CBD is being debated. The majority of you guys are sound, like really sound, and I know most of us would kick it if we met, so don't take it personally. Those who this is aimed at will know lol.
A new Nano trade exchange was launched a couple of days ago - Here's why anyone who remembers Bitgrail should be be very afraid
This is mostly a duplicate of my summarised responses to that exchange's original announcement threads here and in/nanotrade**.** The owners of that new exchange are welcome to downvote this new posting of mine, but everyone else can make their own decision about whether to upvote this for posterity's benefit, so that my post gets found in months to come (given that Reddit's search engine is really bad at searching comments.) Here's what's dodgy about this exchange, and why anyone who remembers BitGrail should be very afraid: I emphasise that I'm not saying this is a scam. But I am saying it looks like what a scam website would look like andappearsto be operating illegally under UK law: * The domain NanoTrade.co.uk was registered only two days (one working day) before the site went live - meaning it only could have been tested very briefly, (Edit: and could not have been secured against accidentally being taken by another person, which implies incredible lack of planning) * The domain was registered by NameCheap, with an obscured registrant * The site was not pre-announced on /Nano Currency nor /NanoTrade * The site was announced first on /nanotrade (6k subscribers), but only announced here on /nanocurrency (44k subscribers) three days later, demonstrating a lack of knowledge of Nano relative subscribers * The announcer Paradise2GE claimed Google and Facebook Ads existed prelaunch - but no one of you here saw them because you would have excitedly told us if you had * No such advertising for the site was noted by me, yet I would have been a key target for it * Since the domain was not registered, such advertising could not have included, say, a [[email protected]](mailto:[email protected]) mail form, which is incompetent in itself * Nano Associates Limited was registered with Companies House on 2018-02-28 (as company number 11229688) - to a London mail-forwarding company's central London address (a postcode with 11,000 companies registered at the same address) * Its sole Director 'Orlando Carugo' has no Google history of being associated with Nano, Cryptocurrency, or finance at all * Orlando Carugo's profession is listed as 'Sales Director' * The Google and LinkedIn history of an UK-based 'Orlando Carugo' (a sales professional) can be found, with no reference to cryptocurrency but with references to being willing to work for stock options or commission * The announcement on /NanoTrade was made by Paradise2GE - an account with a few questions on Bitcoin two years ago, a single comment one year ago, then absolutely nothing until this weekend. * We know nothing of the overall reputation of the company owners * The company uses a payment processor https://en.bitcoin.it/wiki/VirWoX which has a daily limit on PayPal withdrawals of 2500EUR. The NanoTrade website however states that up to 90,000 Nano can be sold per PayPal transaction. It seems impossible to reconcile this for me. If 90,000 Nano is sold to PayPal, when would the seller get their money? * If the answer is that such payments cannot be made, when were the company planning to tell the sellers? * On being asked on /Nanotrade, Paradise2GE has avoided answering this question in their dissembling answers * The company is not registered by the FCA * The company is not registered by HMRC as a money service * It is a legal requirement for UK based companies to register as money services. * It is not a get-out to just deal in USD and not GDP, yet Patadise2GE has attempted to use that get-out in their answers * Paradise2GE has dissembled when answering questions as to why Nano Associates is not registered with FCA or HMRC * Paradise2GE claimed 1000 trades on their first day... for an unannounced site...purely from a posting that had around 40 up votes at the time. It's a lie. Not even Nanex gets that many trades on a good day. * Given a supposed 1000 trades in a day, 1440 minutes in a day, and 25% of Nano staked on Binance, we should expect to see >5Nano transactions coming out of the Binance hot wallet at least every 10 minutes or so. I don't see those * The site works poorly on Android, showing a lack of technical skill in its developers * The announcement of the exchange on /nanocurrency was by SMcArthurs - a one year old account, with very few postings, and no history in the /nanocurrency or /nanotrade subs * Someone downvoted my reasonable questions on /nanotrade. I can think of only one person who would want to do that, if malicious * Someone downvoted someone thanking me for my questions on /nanotrade. I can think of only one person who would want to do that, if malicious * User astricali has posted at 2018-12-03 05:00GMT that they made a successful sale of 999.99 Nano. I performed a text extraction of the posted image address, which they were apparently instructed to send to, but I notice that although that address indeed Received a 999.99 amount from the Binance Representative at 2018-12-04 02:17:01 (Timezone unknown), the address has never actuallyPocketed 999.99 Nano - the payment is still Pending.This is odd, since once might expect an efficient provider to pocket the Nano they receive asap, to sell it on the markets * The address has however received a range of 8 payments ranging from 1.99 Nano to 1,847.99 Nano. That surprises me, because I would expect a payment provider to use a unique address for each received payment. * The address has only ever sent a payment once, to KuCoin, on an unknown date before 2018-07-25 * Paradise2GE and SMcArthurs have been extremely quiet in response to these complaints levelled against their site * Edit: Why would they be selling Nano at 1.00 USD at the moment when Nano is on Binance at 0.94? * Edit: Seeing 403 Forbidden error 2018-12-05 23:38GMT * Edit: Don't even get me started on the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations Regulations 2017 * Edit: It's 12 days later - 18-Dec-2018. The 999 Nano still hasn't been pocketed at address. In 12 days neither promoter has denied that's it's their account. They are therefore probably incompetent even if non-malicious. * Also noticed something I should have picked up before: That address is Represented by Nanowallet.io - which means it's probably an account created on Nanowallet.io. Any 'real' exchange would need, at the very minimum, to run it's own node so that it can be online 24/7 - and if so would most likely Represent itself. Specifically choosing Nanowallet.io as their Representative after installing a full node would be an odd decision, given that they could help decentralize. 'm at way over 22 red flags here. I hope I save someone.
How to Buy Modafinil in the UK | What You Must Know
How to Buy Modafinil in the UK | What You Must Know
Are you curious about how to buy Modafinil in the UK these days? Then you’re in the perfect place. Here’s the skinny: While the smart drug is technically regarded as prescription-only in the United Kingdom, you can simply and legallybuy Modafinil online– whether you have a doctor’s prescription or not. But there’s a little bit more to it… So in this comprehensive guide, I talk about everything you need to know about getting the world’s most popular smart drug while living in the United Kingdom. While I’m not from the UK, I certainly know how to order Modafinil online while living in the country. Luckily, it’s not too difficult these days. After buying nootropics online for nearly a half decade, I’ve found out which vendors will send your legit smart drugs with fast shipping. These online Modafinil pharmacies will also guarantee your order. You’ll get your smart drugs or you’ll get your money back. No questions asked. When ordering from these types of online Modafinil vendors, there’s no risk for you! Buying Modafinil in the United Kingdom has never been easier. In this guide, we’ll talk about: This United Kingdom Modafinil guide is comprehensive to ensure anything and everything you need to know is included. I wanted to make sure every question about Modafinil and the UK was answered. Of course, I’ve gotta hit you with a quick disclaimer before we dive in…
What is Modafinil?
Now, you might just want to know where you can buy Modafinil online in the U.K. – which is perfectly fine. But some of y’all may want a little more information about what Modafinil is and why so many successful individuals use the smart drug. As the world’s most popular smart drug, Modafinil has gained popularity for one reason. Why? Because Modafinil works. The smart drug is the premier cognitive enhancer on the market for a reason. If you take Modafinil, you will find benefits like:
Insane focus for 12+ hours
Enhanced memory retention
Inability to feel fatigued
…And much more!
They say coffee is the lifeblood of champions, but I’m of the opinion that Modafinil is. Overall, Modafinil will help you crush the day like nothing else. You’ll feel like you can accomplish anything and everything you want to. Now, Modafinil isn’t the “Limitless” pill in real life. You won’t write a full novel in one day. But it’s pretty darned close. In the late 1980s, French researchers were working to create a wakefulness agent to treat common ailments like (Source):
Shift sleep disorder
The pharmaceutical drug was named Provigil and quickly made its way to the United States, the land of overuse and abuse. It didn’t take long for CEOs and grad students to see the value of Provigil. In the blink of an eye, every hustler on the east coast of the U.S. was taking Modafinil to gain an advantage over the competition. The smart drug craze had officially begun. Why? Because it’s easy to beat the competition when you can pop one pill and focus for upwards of 12-15+ straight hours. There’s a reason you’re curious how to get your hands on Modafinil in the United Kingdom.
Is Modafinil Legal in the UK?
You should know I’m not a lawyer. Certainly no legal scholar. Just a dude who knows way too much about smart drugs and how they benefit people looking to achieve more in life. With that in mind, this section about Modafinil in the UK and legalities should be taken as hyperbole. Nothing less. Nothing more. So, is it legal to buy Provigil in the United Kingdom? Well, yes and no. Modafinil is fully regulated as a prescription-only medication by the government. But it’s a bit of a grey area. Here’s how I’ll break it down:
Modafinil, whether generic or Provigil, is a prescription-only medication (POM) in the U.K. (Source). This means a few things. First, you can only legally buy Modafinil from the pharmacy in the United Kingdom if you have a prescription from a British doctor (Source).
You cannot get the smart drug for off-the-label uses, like cognitive enhancement, from a pharmacy in the United Kingdom. You’d have to prove you have narcolepsy or sleep apnea to a doctor within the country. However, what about ordering online? Are there legal issues to worry about when buying Modafinil online and shipping it to the United Kingdom? Well, I don’t believe so.
If you’re buying online…
Possession of a POM is only illegal in the United Kingdom if the pharmaceutical drug is the on UK Misuse of Drugs Act 1971 (Source). Currently, Modafinil is not on this list. As such, possession of Modafinil is not considered a punishable offense.
Since Modafinil is not listed on the Misuse of Drugs Act, it’s not illegal to possess the substance for personal use – even if you don’t have a prescription. In practical terms, this means that you can order Modafinil online in the United Kingdom and have little issue receiving the product. Even if import controls “catches” your smart drugs in-transit, there are no legal repercussions you need to worry about. The worst that happens? Your package gets confiscated by import controls and customs destroys it. If that happens, your online Modafinil pharmacy will issue you a refund or reshipment. Whatever you want. No harm. No foul. –> Is Modafinil legal in the UK? In my opinion, yes. Well, at least it’s legal enough to order online without worry. But again, I’m no lawyer and you’ll have to make that choice for yourself. Always do your own research and make smart choices.
How to get a Modafinil Prescription in the UK
While Modafinil laws in the UK don’t seem to be an issue for the vast majority of individuals, some people might be interested in how to get a Modafinil prescription here. The reality? It can be difficult to get a Modafinil prescription in the UK. This is for one reason and one reason only… Modafinil can only be prescribed in the UK for ailments like narcolepsy and excessive daytime sleepiness due to sleep apnea or shift sleep disorder. For ‘off-the-label’ uses, such as taking Modafinil as a smart drug or nootropic, doctors in the country tend to avoid writing prescriptions for it. Here’s why: Modafinil laws in the UK and the risks a doctor takes when prescribing something off-the-label here. UK doctors are faced with far greater legal risk when prescribing medications off-the-label due to laws and legislation provided by UK.gov:
The responsibility that falls on healthcare professionals when prescribing an unlicensed medicine or a medicine off-label may be greater than when prescribing a licensed medicine within the terms of its licence. Prescribers should pay particular attention to the risks associated with using unlicensed medicines or using a licensed medicine off-label.
Aka a doctor could get into legal trouble if they prescribed a drug off-the-label that caused someone a health problem. Most doctors simply aren’t willing to take this risk when you walk into their office asking about Provigil for cognitive enhancement. Therefore, to get a Modafinil prescription in the UK, you’ll have to prove that you have narcolepsy or excessive daytime sleepiness due to sleep apnea or shift sleep disorder. That’s the only way to do it. As such, many have found buying Modafinil online far easier while living in the United Kingdom. Which is what we’ll discuss below…
Where to Buy Modafinil Online in the UK | 2020 Guide
If you’re looking to buy Modafinil in the United Kingdom, you’re in the right spot. Below you’ll find the best online Modafinil vendors that ship to the country. After working with over a half dozen pharmacies throughout the years, I’ve found the vendors below to be the absolute best. All my preferred Modafinil sellers offer:
Fast shipping to the UK
Legitimate generic Modafinil products
Amazing Bitcoin discounts
Return customer coupons
But enough with the ado, let’s get into things and see where you can buy Modafinil online in the UK. Here are my favorite sellers:
As of writing this article, BuyModa is the premier Modafinil vendor in the whole entire world. Bar none. These guys are the best. If you’re buying Modafinil in the United Kingdom, I’d recommend taking a look at these guys. Their customer service is impeccable, the pricing is low, and their Bitcoin discount is solid. I’m talking a 35% BTC discount on top of their already LOW, LOW prices. Some of the lowest in the industry. Plus, Modafinil orders in the UK from Buy Moda will arrive within 6-10 days, with most orders arriving within a week. That’s pretty quick shipping! And the most important part… You can pay for Buy Moda orders with credit cards. Like all legitimate Modafinil vendors, Buy Moda offers guaranteed delivery. You either get your order or they’ll send you a full refund or a reshipment. It’s your choice. You have no worries here. But do know…the customer service from Buy Moda is truly second to none. I’ve yet to find a Modafinil vendor that takes care of their customers in the way Buy Moda does. You’ll be in great hands when ordering here. Overall, a great option for those in the UK. Oh, and one more thing… When you spend over $100 bucks on any order with the world’s best Modafinil vendor, Buy Moda — you also get 30 free pills with the order. Aka more savings!
If you’re buying Modafinil in the UK, another place I’d recommend checking out is Modafinil XL. These guys do a good job shipping Modafinil to the UK. Modafinil XL is known for great customer service, low prices, legit products, and some of the best discounts in the industry. You can save up to 35% on your order from this vendor with their Bitcoin coupons. Shipping times to the UK vary, but most orders arrive within 6-10 days from Modafinil XL. If for some reason your package doesn’t arrive, you’ll get a full refund or reshipment. Whatever you prefer. Overall…highly recommended! This is another legitimate Modafinil vendor for any and all living in the United Kingdom. They’ve been around quite some time and do a great job.
Another vendor who holds Modafinil stock in Europe is Eufinil. In fact, these guys only ship to Europe. It’s what they do. It’s their specialty. So you know they do it well. While I prefer other vendors above for larger orders because they’re generally cheaper, I found one heck of a use for Eufinil. If you’re looking to buy Modafinil in the United Kingdom, but don’t want to spend tons of cash… Eufinil allows you to make small orders. You can order as low as 20 servings of Modafinil from these guys — which ends up being about $60 Euros shipped. Not a bad deal at all. Eufinil also offers fast shipping to the UK because they hold stock in the country, guaranteed delivery, and great customer services. Many in the United Kingdom get their orders from Eufinil in less than 3 business days. That’s fast, fast! Overall, they’re an ideal option for anyone looking to test Modafinil out.
Shipping Modafinil | United Kingdom Edition
If you’re worried about shipping Modafinil to the UK, you needn’t be! Why? Because all of the major online Modafinil retailers offer guaranteed delivery to the UK. Every. Single. One. This leads me to believe that customs and border security in the United Kingdom simply are not concerned with generic Modafinil and Provigil being shipped to the country from other parts of the world…mainly India. Because these vendors guarantee their delivery to the UK. This means they’ll refund your full order if the package somehow gets taken by customs. This wouldn’t be profitable if a lot of packages were being taken by the government and customs officials. Furthermore, there’s little to no legal risk to you as an individual ordering Modafinil online in the UK. As previously discussed, Modafinil is not on the Misuse of Drugs Act – as of the writing of this article. This means possession of Modafinil is not a crime in the United Kingdom. Meaning you are not committing a crime buying Modafinil online in the UK and shipping it to your home. The worst case scenario is customs confiscates the smart drugs and you get a refund from the seller. There has yet to be a documented case of someone having legal issues in the UK because they bought Modafinil for personal use from inside the country. So shipping Modafinil to the UK shouldn’t be a concern whatsoever. P.S: Just remember that I’m no lawyer.
Generic Modafinil and Armodafinil in the UK
You can buy Modafinil and Armodafinil from a pharmacy in the U.K. if you get a prescription from a doctor in the country – although that can be harder said than done. Once you have that prescription, you just go to the pharmacy in the U.K. and pick up brand name Modafinil like:
You can find these brand name Modafinil products in U.K. pharmacies, although we’ve found Provigil to be far more common. For Britains looking to order Modafinil online, popular generic Modafinil and Armodafinil products are:
Each one of these products do a damn good job and offer solid cognitive benefits. However, after testing all of these products, I do have a few recommendations for my British readers and those living in the country. Modalert is probably the strongest generic Modafinil product you’ll find in the U.K. I couldn’t recommend it enough. Modvigil, on the other hand, is a cheap alternative for individuals looking for generic Modafinil. Searching for Modafinil’s little cousin Armodafinil in the UK? Then I certainly prefer Waklert. That being said, Artvigil is a cheaper form of generic Armodafinil. Overall, I tend to use Modalert and Waklert. I’ve simply found these products to be superior to all other forms of generic Modafinil and recommend them to anyone looking to buy Modafinil online in the United Kingdom.
Adrafinil in the UK, Prescription-Free Alternative
I’m of the opinion that ordering Modafinil in the United Kingdom from an online vendor shouldn’t be an issue. However, I know a few of you may have concerns. If that’s you, there’s also viable Modafinil alternatives to consider. These nootropics are 100% legal and offer decent cognitive benefits. One of my personal favorites? Enter Adrafinil. Adrafinil is a 100% legal nootropic that’s available over-the-counter. It works like Modafinil because the body essentially converts Adrafinil to the active ingredients in Modafinil upon ingestion (Source). As such, it takes a little longer for Adrafinil to kick in when compared to Modafinil. Plus, this stuff isn’t as strong as Modafinil. But it works! You’ll find cognitive benefits from Adrafinil. If you’re looking to get your hands on over-the-counter smart drugs, like Adrafinil, this is my favorite vendor.
For those curious about other nootropic options and potential Modafinil alternatives, below you’ll find a few more suggestions. But please understand… Modafinil is the ‘King’ with regards to smart drugs. Armodafinil in the UK would then be the ‘Queen’ here, followed by Adrafinil as the ‘Prince’ – if we’re taking that little analogy to its logical conclusion. Still, there’s a few other nootropics I love for UK residents. Here’s a few of my favorites:
Mind Lab Pro: I just recently tried Mind Lab Pro for the first time. After testing dozens upon dozens of smart drugs over the years, I was more than IMPRESSED. Mind Lab Pro offers cognitive enhancement in a Modafinil-like manner. It was baffling how great the stuff works. I could go into detail about the 11+ clinically-researched brain boosting ingredients, but it’s easier to simply tell you this is my favorite nootropic that’s available over-the-counter.
Sulbutiamine: Another fantastic nootropic for UK residents is Sulbutiamine. The smart drug offer works 5-7+ hours solid cognitive enhancement. For people worried Modafinil might be too strong, this is a solid place to look.
Noopept: As one of the more potent over-the-counter smart drugs in the UK, I’ve found Noopept a powerful alternative during testing. It’s not like Modafinil, but you’ll find solid cognitive benefits for this bad boy. I personally recommend the powder form.
The Verdict? | UK Edition
That about wraps it up, mate. Everything you need to know about how to buy Modafinil in the UK. The details you need to get the good stuff. To get your hands on the world’s most popular smart drugs — at great prices. We talk about if Modafinil is legal in the United Kingdom, where you can buy it online, and so much more. If you have any questions about buying Modafinil in the UK, feel free to sound off in the comments below. I’ll get back to you with a detailed answer.
What A Day: D'oh Biden by Brian Beutler, Priyanka Aribindi & Crooked Media (06/19/19)
"I was talking about farting"—Presidential candidate/world’s most awkward person John Hickenlooper
Joe Biden told an audience of donors in New York City that his tax policies wouldn’t “fundamentally change” things, including their quality of life, and waxed nostalgic about his working relationships with segregationists when he was a young senator. Guuuulp. It has not gone over well! Here’s the full rundown. Biden has been campaigning on his ability to reach consensus with Republicans. As evidence of this, he cited his relationships with now-deceased Sens. James Eastland (D-MS) and Herman Talmadge (D-GA). Biden said Eastland “never called me ‘boy,’ he always called me ‘son,’” and called Talmadge “one of the meanest guys I ever knew,” but added, “at least there was some civility. We got things done.” Some problems with this!
Of course these segregationist Senators didn’t call Biden, a white man, “boy.” The implication, intended or not, is they were civil to him because he was white. Which, duh, but also not a great model for making positive change in America.
Whether they were civil with Biden or not, segregationist senators formed the backbone of a vicious, deadly regime that has echoes today in the form of racial inequality, mass incarceration, and other forms of systemic racism.
Eastland and Talmadge were Democrats! (See the Ds by their names?) The fact that Biden was able to cut deals within his own party in the 1970s has no bearing on whether he’ll be able to govern by consensus with Republicans today. In truth, today’s Republican Party has made that kind of governing impossible. Vice President Biden, we have Merrick Garland on line one with a history lesson for you.
Several Democratic presidential candidates have condemned Biden’s comments, including Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren, Beto O’Rourke, and Bill de Blasio. Biden went on to assure his donors that they won’t assume much financial risk by supporting him. “No one’s standard of living will change, nothing would fundamentally change,” he said. But, “when we have income inequality as large as we have in the United States today, it brews and ferments political discord and basic revolution.” Some problems with this!
Biden has promised not to make a dent in rich people’s fortunes. Not the best way to drive home your income inequality message!
His comments are contradictory: If income inequality is so great that we’re on the verge of “revolution,” isn’t Biden flirting with disaster by promising, “nothing would fundamentally change”? Vote for me! Things most people hate won't get better!
There unfortunately aren’t many generous ways to interpret these comments. They have raised concerns across the party about what kind of nominee and president Biden would be, and so far he hasn’t sought to explain himself or walk the comments back. The good news: he’ll almost certainly face questions about them at next week’s debate. popcorn-eating.gif
Under the Radar
The number of refugees—people who’ve been forced to flee violence or persecution—has reached an all-time high of nearly 71 million people worldwide, and includes an estimated 13.6 million people who became refugees in the last year alone, according to the United Nations. Most of the world’s refugees come from just five countries: Syria, Afghanistan, South Sudan, Myanmar, and Somalia, and the greatest number of refugees live in Turkey, Pakistan, Uganda, Sudan, and Germany, respectively. While presenting the report, the U.N. high commissioner for refugees criticized “inward looking,” wealthy countries, many of which have sought to close their borders to these displaced peoples. That includes, um, us.
Trump administration officials have tried to convince Congress that Iran has ties to al Qaeda, suggesting the White House may try to use a post-9/11 war authorization as a legal justification for attacking Iran over Congress’s objections. There’s every reason to be skeptical of the administration’s claims, and House Democrats underscored their skepticism by voting to repeal that authorization. At a House subcommittee hearing on reparations, the writer Ta-Nehisi Coates called on Congress to “reject fair-weather patriotism, to say that a nation is both its credits and its debits,” and to create a commission to study ways the U.S. government can make amends for slavery and its legacy. Coates also rebutted Senate Majority Leader Mitch McConnell, who expressed his opposition to reparations on Capitol Hill this Tuesday. President Trump’s former Communications Director Hope Hicks stonewalled Democrats during a closed-door interview with the House Judiciary Committee on Tuesday because White House lawyers barred her from answering any questions about her time in the White House. Hey Democrats: instead of hearings nobody can watch with witnesses you won’t force to testify, have you considered the opposite? Speaking of which, House Democrats may have finally run out of patience with former Special Counsel Robert Mueller’s reluctance to testify, but they still haven’t subpoenaed him. Reminder, again: Republicans hauled former FBI Director Jim Comey up to the Hill within two days of his decision to close the Hillary Clinton email investigation. And you might have noticed Republicans are pretty good at this “winning elections” thing. The Federal Reserve left interest rates unchanged today, resisting extraordinary and improper pressure from President Trump, who has suggested he might demote Fed Chair Jerome Powell, even though he does not have the legal authority to do so. International prosecutors indicted three men with ties to Russian intelligence and implicated a senior aide to Vladimir Putin for shooting a missile at Malaysia Airlines Flight 17 over Ukraine in 2014, killing all 298 people on board. The British research submarine Boaty McBoatface (this is what happens when you let the internet name things) discovered a significant link between Antarctic winds and rising sea temperatures. As the winds have grown stronger because of greenhouse gas buildup and the destruction of the ozone layer, they have caused more turbulence in waters, resulting in rising sea temperatures and sea levels. Not bad, Boaty. But, you know, bad in every other way. Trans author, activist, and television producer Janet Mock signed a multimillion dollar deal with Netflix to write, direct, and executive produce projects that tell stories about underrepresented people. She is the first out trans woman of color to score a deal like this with a major studio.
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Did You See That Thing?
Facebook confirmed this week that it has spent the past year working with 27 nonprofit, tech, and finance partners to create a cryptocurrency called “Libra.” Despite its classification as a cryptocurrency, Libra would be very different than Bitcoin. Facebook imagines it as a “new global currency standard” that’s stable, guaranteed by tangible assets, and part of a larger program that will be able to perform all the functions of a traditional bank (think accounts, loans, ATMs, etc.). Facebook claims it wants to offer the service to benefit the developing world, and its 1.7 billion adults who don’t have access to banking. This, however, is the same logic it used to promote its plan to offer free internet around the world—a plan that came under fire for attempting to make developing countries dependent on Facebook for access to the internet. On top of that, Facebook’s laundry list of privacy scandals, the rampant misinformation on its platform, and the way it’s been used to subvert elections have naturally made people skeptical that the company should be entrusted with vulnerable people’s money. OTOH maybe we should just blindly trust Zuck again for the 40,000th time.
Is That Hope I Feel?
New York lawmakers have agreed to one of the most ambitious climate plans in the world. The legislation, called the “Climate Leadership and Community Protection Act,” calls for the state to eliminate almost all greenhouse gas emissions with the goal of making the state's economy carbon-free by 2050. Currently, New York sources only 60 percent of its electricity from carbon-free sources.
Russia’s Crypto Fate to Be Sealed on Sep 18 + 10 More Crypto Briefs
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crunch talks have been set for cryptocurrency in Russia, reports Tass. The country’s leading political and financial leaders will decide on legalizing (or outlawing) cryptocurrencies at a summit in Sochi on September 18. The parliamentary committee charged with preparing the long-awaited legislation on cryptocurrencies says the bill will be “ready in two weeks,” and the country’s prime minister is set to attend the summit. Politicians say they are facing a binary choice – legalize cryptocurrencies, or issue a total, China-style crackdown.
Brazilian regulator the Securities and Exchange Commission of Brazil (CVM) says it will “not stand in the way of cryptocurrency progress,” per an official statement. The commission spoke of creating an “experimental regulatory sandbox” and “encouraging” cryptocurrency businesses. Earlier this week, however, it was revealed that the CVM has probed no less than eight exchanges and brokerages on suspicion of foul play this year – with one of its investigations resulting in a police raid.
Considering the current state of Bitcoin’s network and growth difficulties during last two quarters, the average mining difficulty growth rate is expected to be greater than 5% for Q3–2019, TokenInsight, a token data and rating agency, said in a report published today. "Under this circumstance, most of the Bitcoin miners will not be able to cover the current cost. Only miners with high hashrates (such as the whatsminer M20S, with a hashrate of 68 Th/s) will be able to cover the cost," they stressed.
France does not intend to tax crypto-to-crypto trading, but wants to tax crypto-to-fiat transactions, says the country’s economy minister, Bruno Le Maire. Bloomberg reports that Le Maire believes tax authorities need only concern themselves with cryptocurrencies when tokens are “converted into traditional money.”
Dapper Labs, the company behind CryptoKitties and upcoming projects such as NBA Top Shot, said it developed a new blockchain, Flow, which is "a solution to the problem of blockchain scalability for consumer applications like games and digital collectibles." The blockchain is scheduled to launch in 2020, while mobile gaming platform Animoca Brands is said to be one of the first to build on Flow. Additionally, Dapper Labs said they have raised USD 11 million in a round led by Andreessen Horowitz’s crypto fund.
On Wednesday, the Chinese police raided and sealed the office of Hangzhou Cunxin Data Technology Co., "a high profile blockchain company that provides data services to online peer-to-peer lenders" and the operator of blockchain project GXChain, Caixin reported, adding that police will disclose more details "later."
The state-owned Banco de Venezuela has become the first financial institution in the country to offer customers the option of banking both in fiat and cryptocurrencies. Per a report from Crypto Divisas, the bank has not yet made any formal announcement on the matter, but online banking-enabled accounts now appear to offer a Petro wallet (for the state-issued, oil-backed cryptocurrency). Accounts also have a drop-down menu that asks customers to “select which cryptocurrency” they would like to use in conjunction with their accounts, suggesting bitcoin and altcoin options will soon become available.
Staked, a crypto staking startup backed by Coinbase among other investors, launched the Robo-Advisor for Yield (RAY), which is a set of smart contracts that automatically move crypto assets to the highest yielding opportunity. RAY initially supports lending on Compound, dYdX andbZx, but offers a generalized approach to plug-in novel yield-generating opportunities, the company said.
Libra, the digital token project initiated by Facebook, still aims to launch in the second half of 2020, Bertrand Perez, the head of the Libra Association, said in an interview with Les Echos. Meanwhile, as reported yesterday, French Finance Minister Bruno Le Maire said that we "cannot authorize the development of Libra on European soil."
Cryptocurrency exchange Coinbase Prosaid it will begin trading on the DASH/USD, and DASH/BTC order books on September 17 if liquidity conditions are met. These pairs won't be available in New York State and the UK. Coinbase, the operator of the exhange, did not elaborate when dash might be available on its another platform, Coinbase.com.
New York-based crypto brokerage Tagomi said it has developed a method of making it easier to short on crypto quickly, Bloomberg reported. The company is now allowing its clients to lend or borrow bitcoin and ethereum to facilitate long or short trades on the digital tokens. It plans to make the process for shorting easier by offering immediate access to multiple counterparties from a single platform, according to the report. The ability to short is not just for those who want to bet against digital assets, but can also be useful for relative-value trades, quantitative strategies and for hedging, Dennis Chou, director of trading at Pantera Capital, was quoted as saying.
Technology and Development of Online Gambling Industry: Choice or Chance?
The long journey from grand casino halls to smartphone mobile apps — let us recount the treacherous path that online gambling ventured and conquered, leading to the technological advancement innovations brought byblockchain technology and crypto-economy. Image from Shutterstock Technology and internet in general have changed the way we live our lives drastically. Several technological advancement and widespread internet access enable us to do almost everything digitally. Online gambling industry as a part of the entertainment industry wasn’t spared in the sweeping development brought to us by these technological innovations. Due to these technological advances, online gambling is now one of the most profitable and popular industries since 1990s. It can be found almost everywhere in the world, with a wide range of variety, particularly in the countries of New Zealand and The Netherlands. Surely, online gambling isn’t as old as the hills, but definitely its history is something worth knowing.
The Birth of Online Gambling
Since the passing of the Free Trade and Processing Act in Antigua and Barbuda in 1994, the online gambling continues to flourish and allowed several companies to be granted license if they wanted to provide online casino services. It was the Caribbean government that first legalized and regulated online gaming. Also, in 1994, a UK company named Microgaming developed and launched its first online casino. It was a momentous event in the development of the online gambling industry and this company still exists today. CryptoLogic was launched in 1995 and became a significant innovation especially with online money transfers with its fast and safer process. CyptoLogic also launched InterCasino, one of the oldest online casinos that still exists at present. Also, in 1995, Microgaming released its online version of the traditional games such as blackjack, poker, and roulette. NetEnt, a neophyte in the online gambling industry back then, launched its own online games and proved itself to be one of the best and most innovative providers even until today. From all the widespread development of online gambling throughout the years, online gambling companies all over the world continue to provide eSports, sports betting, novelty betting, in-play betting, bingo, horse racing betting, slots, blackjack, roulette, baccarat, poker in its all forms and other games in the same structure. In short, online gambling became very popular and in 1996, there were 15 gambling websites that became 200 in the following year. In 1998, Planet Poker introduced Texas Hold’Em, making online gambling more accessible to people of the internet.
Legalization: A Bump Down the Road…
Despite the popularity and advancement of online gambling, it reached a low point in 1999 when The Internet Gambling Prohibition Act was approved. The act meant to illegalize any kind of offering of online gambling product to a U.S. citizen. However, this act did not pass and in the same year, a multiplayer online game was introduced so gamers could gamble and chat with each other at the same time. The struggle continued in year 2000 as the Australian Federal Government passed the Interactive Gambling Moratorium Act banning all unlicensed online casinos existent before May 2000. This happening paved way to several legislations and lawsuits all across the globe. However, that didn’t stop the massive number of online players to continue to grow up to 8 million in year 2001. Online gambling companies’ stocks also continued to rise and reached the value of $4.5 billion in 2002. In 2003, to further regulate online gambling, eCOGRA was established in United Kingdom. eCOGRA was meant to specialize in the certification of online gaming software and systems. To further the battle on legalization of online gambling industries, the U.S. government pursued national broadcasters and media outlets to ban advertisements for online gambling for they could be illegal. However, Antigua claimed that this could be a violation of the free trade agreement signed in 1994. These seemingly never ending hindrances in online gambling didn’t stop its spread around the world. In September 2006, there were approximately 2,600 online casinos all across the globe.
What the Future Holds
The effects of technological advancement in our lives is truly undeniable. In the world of online gambling, technological innovation didn’t only make it easy and convenient but it paved the way for its progress and popularity it possess. Despite several acts and positive laws to make online gambling safer, many aspects of it are starting to change. With more positive laws and regulations leaning towards online gambling, Juniper Research estimated that online gambling market will outstretch up to $1 trillion in 2021, citing mobile phones as a major factor in this development. Surely, these technological advances is just a start of what could be unimaginable several years ago, especially in the world of online gambling. We could probably expect a more realistic and high-quality games enabled by VR technologies and solid security. Moreover, we could also expect a worldwide span of its legalization so as to take online gambling to new levels.
The Next Generation of Online Gambling
Since the invention of Bitcoin in 2008, the nascent blockchain technology has opened the doors to a truly decentralized online ecosystem and it has found its way into countless industries and real-world economies. The uncontested decentralization, transparency and security brought by cryptography and P2P connections bring new solutions into industries that the traditional real-world systems could not resolve. With this in mind, Faireum wishes to bring these solutions into the online gambling world in order to give players and proprietors alike a fair and value-for-value experience with transparent game logic, a transformed and just business model, and open-source DApp development kits. Investors and coin holders alike can also partake in the ecosystem despite not having participated in online gambling itself with this perfect amalgamation of crypto and online gambling, making gambling more than just a game of chance, but also an opportunity of choice… click here to learn more about this game-changing technology.
World History Timeline of Events Leading up to Bitcoin - In the Making
A (live/editable) timeline of historical events directly or indirectly related to the creation of Bitcoin and Cryptocurrencies *still workin' on this so check back later and more will be added, if you have any suggested dates/events feel free to lemme know... This timeline includes dates pertaining to:
Forms of money
Widely accepted economic systems
Widely accepted forms of government
Inventions which advanced FinTech
Inventions in computer science and related technology
Inventions which connected the world via transportation, communication and information
Development of cryptography and cyberwar
Notable Social Movements
Hyperinflation and National Debts
Ancient Bartering – first recorded in Egypt (resources, services...) – doesn’t scale Tally sticks were used, making notches in bones or wood, as a form of money of account 9000-6000 BC Livestock considered the first form of currency c3200 BC Clay tablets used in Uruk (Iraq) for accounting (believed to be the earliest form of writing) 3000 BC Grain is used as a currency, measured out in Shekels 3000 BC Banking developed in Mesopotamia 3000 BC? Punches used to stamp symbols on coins were a precursor to the printing press and modern coins ? BC Since ancient Persia and all the way up until the invention and expansion of the telegraph Homing Pigeons were used to carry messages 2000 BC Merchants in Assyria, India and Sumeria lent grain to farmers and traders as a precursor to banks 1700 BC In Babylon at the time of Hammurabi, in the 18th century BC, there are records of loans made by the priests of the temple. 1200 BC Shell money first used in China 1000-600 BC Crude metal coins first appear in China 640 BC Precious metal coins – Gold & Silver first used in ancient Lydia and coastal Greek cities featuring face to face heads of a bull and a lion – first official minted currency made from electrum, a mixture of gold and silver 600-500 BC Atbash Cipher A substitution Cipher used by ancient Hebrew scholars mapping the alphabet in reverse, for example, in English an A would be a Z, B a Y etc. 400 BC Skytale used by Sparta 474 BC Hundreds of gold coins from this era were discovered in Rome in 2018 350 BC Greek hydraulic semaphore system, an optical communication system developed by Aeneas Tacticus. c200 BC Polybius Square ??? Wealthy stored coins in temples, where priests also lent them out ??? Rome was the first to create banking institutions apart from temples 118 BC First banknote in the form of 1 foot sq pieces of white deerskin 100-1 AD Caesar Cipher 193 Aureus, a gold coin of ancient Rome, minted by Septimius Severus 324 Solidus, pure gold coin, minted under Constantine’s rule, lasted until the late 8th century 600s Paper currency first developed in Tang Dynasty China during the 7th century, although true paper money did not appear until the 11th century, during the Song Dynasty, 960–1279 c757–796 Silver pennies based on the Roman denarius became the staple coin of Mercia in Great Britain around the time of King Offa 806 First paper banknotes used in China but isn’t widely accepted in China until 960 1024 The first series of standard government notes were issued in 1024 with denominations like 1 guàn (貫, or 700 wén), 1 mín (緡, or 1000 wén), up to 10 guàn. In 1039 only banknotes of 5 guàn and 10 guàn were issued, and in 1068 a denomination of 1 guàn was introduced which became forty percent of all circulating Jiaozi banknotes. 1040 The first movable type printer was invented in China and made of porcelain ? Some of the earliest forms of long distance communication were drums used by Native Africans and smoke signals used by Native Americans and Chinese 1088 Movable type in Song Dynasty China 1120 By the 1120s the central government officially stepped in and produced their own state-issued paper money (using woodblock printing) 1150 The Knights Templar issued bank notes to pilgrims. Pilgrims deposited their valuables with a local Templar preceptory before embarking, received a document indicating the value of their deposit, then used that document upon arrival in the Holy Land to retrieve their funds in an amount of treasure of equal value. 1200s-1300s During the 13th century bankers from north Italy, collectively known as Lombards, gradually replace the Jews in their traditional role as money-lenders to the rich and powerful. – Florence, Venice and Genoa - The Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe 1200 By the time Marco Polo visited China they’d move from coins to paper money, who introduced the concept to Europe. An inscription warned, "All counterfeiters will be decapitated." Before the use of paper, the Chinese used coins that were circular, with a rectangular hole in the middle. Several coins could be strung together on a rope. Merchants in China, if they became rich enough, found that their strings of coins were too heavy to carry around easily. To solve this problem, coins were often left with a trustworthy person, and the merchant was given a slip of paper recording how much money they had with that person. Marco Polo's account of paper money during the Yuan Dynasty is the subject of a chapter of his book, The Travels of Marco Polo, titled "How the Great Kaan Causeth the Bark of Trees, Made Into Something Like Paper, to Pass for Money All Over his Country." 1252 Florin minted in Florence, becomes the hard currency of its day helping Florence thrive economically 1340 Double-entry bookkeeping - The clerk keeping the accounts for the Genoese firm of Massari painstakingly fills in the ledger for the year 1340. 1397 Medici Bank established 1450 Johannes Gutenberg builds the printing press – printed words no longer just for the rich 1455 Paper money disappears from China 1466 Polyalphabetic Cipher 1466 Rotating cipher disks – Vatican – greatest crypto invention in 1000 yrs – the first system to challenge frequency analysis 1466 First known mechanical cipher machine 1472 The oldest bank still in existence founded, Banca Monte dei Paschi di Siena, headquartered in Siena, Italy 1494 Double-entry bookkeeping system codified by Luca Pacioli 1535 Wampum, a form of currency used by Native Americans, a string of beads made from clamshells, is first document. 1553 Vigenere Cipher 1557 Phillip II of Spain managed to burden his kingdom with so much debt (as the result of several pointless wars) that he caused the world's first national bankruptcy — as well as the world's second, third and fourth, in rapid succession. 1577 Newspaper in Korea 1586 The Babington Plot 1590 Cabinet Noir was established in France. Its mission was to open, read and reseal letters, and great expertise was developed in the restoration of broken seals. In the knowledge that mail was being opened, correspondents began to develop systems to encrypt and decrypt their letters. The breaking of these codes gave birth to modern systematic scientific code breaking. 1600s Promissory banknotes began in London 1600s By the early 17th century banking begins also to exist in its modern sense - as a commercial service for customers rather than kings. – Late 17th century we see cheques slowly gains acceptance The total of the money left on deposit by a bank's customers is a large sum, only a fraction of which is usually required for withdrawals. A proportion of the rest can be lent out at interest, bringing profit to the bank. When the customers later come to realize this hidden value of their unused funds, the bank's profit becomes the difference between the rates of interest paid to depositors and demanded from debtors. The transformation from moneylenders into private banks is a gradual one during the 17th and 18th centuries. In England it is achieved by various families of goldsmiths who early in the period accept money on deposit purely for safe-keeping. Then they begin to lend some of it out. Finally, by the 18th century, they make banking their business in place of their original craft as goldsmiths. 1605 Newspaper in Straussburg c1627 Great Cipher 1637 Wampum is declared as legal tender in the U.S. (where we got the slang word “clams” for money) 1656 Johan Palmstruch establishes the Stockholm Banco 1661 Paper Currency reappears in Europe, soon became common - The goldsmith-bankers of London began to give out the receipts as payable to the bearer of the document rather than the original depositor 1661 Palmstruch issues credit notes which can be exchanged, on presentation to his bank, for a stated number of silver coins 1666 Stockholms Banco, the predecessor to the Central Bank of Sweden issues the first paper money in Europe. Soon went bankrupt for printing too much money. 1667 He issues more notes than his bank can afford to redeem with silver and winds up in disgrace, facing a death penalty (commuted to imprisonment) for fraud. 1668 Bank of Sweden – today the 2nd oldest surviving bank 1694 First Central Bank established in the UK was the first bank to initiate the permanent issue of banknotes Served as model for most modern central banks. The modern banknote rests on the assumption that money is determined by a social and legal consensus. A gold coin's value is simply a reflection of the supply and demand mechanism of a society exchanging goods in a free market, as opposed to stemming from any intrinsic property of the metal. By the late 17th century, this new conceptual outlook helped to stimulate the issue of banknotes. 1700s Throughout the commercially energetic 18th century there are frequent further experiments with bank notes - deriving from a recognized need to expand the currency supply beyond the availability of precious metals. 1710 Physiocracy 1712 First commercial steam engine 1717 Master of the Royal Mint Sir Isaac Newton established a new mint ratio between silver and gold that had the effect of driving silver out of circulation (bimetalism) and putting Britain on a gold standard. 1735 Classical Economics – markets regulate themselves when free of intervention 1744 Mayer Amschel Rothschild, Founder of the Rothschild Banking Empire, is Born in Frankfurt, Germany Mayer Amschel Rothschild extended his banking empire across Europe by carefully placing his five sons in key positions. They set up banks in Frankfurt, Vienna, London, Naples, and Paris. By the mid 1800’s they dominated the banking industry, lending to governments around the world and people such as the Vanderbilts, Carnegies, and Cecil Rhodes. 1745 There was a gradual move toward the issuance of fixed denomination notes in England standardized printed notes ranging from £20 to £1,000 were being printed. 1748 First recorded use of the word buck for a dollar, stemming from the Colonial period in America when buck skins were commonly traded 1757 Colonial Scrip Issued in US 1760s Mayer Amschel Rothschild establishes his banking business 1769 First steam powered car 1775-1938 US Diplomatic Codes & Ciphers by Ralph E Weber used – problems were security and distribution 1776 American Independence 1776 Adam Smith’s Invisible Hand theory helped bankers and money-lenders limit government interference in the banking sector 1781 The Bank of North America was a private bank first adopted created the US Nation's first de facto central bank. When shares in the bank were sold to the public, the Bank of North America became the country's first initial public offering. It lasted less than ten years. 1783 First steamboat 1791 Congress Creates the First US Bank – A Private Company, Partly Owned by Foreigners – to Handle the Financial Needs of the New Central Government. First Bank of the United States, a National bank, chartered for a term of twenty years, it was not renewed in 1811. Previously, the 13 states had their own banks, currencies and financial institutions, which had an average lifespan of about 5 years. 1792 First optical telegraph invented where towers with telescopes were dispersed across France 12-25 km apart, relaying signals according to positions of arms extended from the top of the towers. 1795 Thomas Jefferson invents the Jefferson Disk Cipher or Wheel Cipher 1797 to 1821 Restriction Period by England of trading banknotes for silver during Napoleonic Wars 1797 Currency Crisis Although the Bank was originally a private institution, by the end of the 18th century it was increasingly being regarded as a public authority with civic responsibility toward the upkeep of a healthy financial system. 1799 First paper machine 1800 Banque de France – France’s central bank opens to try to improve financing of the war 1800 Invention of the battery 1801 Rotchschild Dynasty begins in Frankfurt, Holy Roman Empire – established international banking family through his 5 sons who established themselves in London, Paris, Frankfurt, Vienna, and Naples 1804 Steam locomotive 1807 Internal combustion engine and automobile 1807 Robert Fulton expands water transportation and trade with the workable steamboat. 1809 Telegraphy 1811 First powered printing press, also first to use a cylinder 1816 The Privately Owned Second Bank of the US was Chartered – It Served as the Main Depository for Government Revenue, Making it a Highly Profitable Bank – charter not renewed in 1836 1816 The first working telegraph was built using static electricity 1816 Gold becomes the official standard of value in England 1820 Industrial Revolution c1820 Neoclassical Economics 1821 British gov introduces the gold standard - With governments issuing the bank notes, the inherent danger is no longer bankruptcy but inflation. 1822 Charles Babbage, considered the "father of the computer", begins building the first programmable mechanical computer. 1832 Andrew Jackson Campaigns Against the 2nd Bank of the US and Vetoes Bank Charter Renewal Andrew Jackson was skeptical of the central banking system and believed it gave too few men too much power and caused inflation. He was also a proponent of gold and silver and an outspoken opponent of the 2nd National Bank. The Charter expired in 1836. 1833 President Jackson Issues Executive Order to Stop Depositing Government Funds Into Bank of US By September 1833, government funds were being deposited into state chartered banks. 1833-1837 Manufactured “boom” created by central bankers – money supply Increases 84%, Spurred by the 2nd Bank of the US The total money supply rose from $150 million to $267 million 1835 Jackson Escapes Assassination. Assassin misfired twice. 1837-1862 The “Free Banking Era” there was no formal central bank in the US, and banks issued their own notes again 1838 First Telegram sent using Morse Code across 3 km, in 1844 he sent a message across 71 km from Washington DC to Baltimore. 1843 Ada Lovelace published the first algorithm for computing 1844 Modern central bank of England established - meaning only the central bank of England could issue banknotes – prior to that commercial banks could issue their own and were the primary form of currency throughout England the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt. 1848 Communist Manifesto 1850 The first undersea telegraphic communications cable connected France in England after latex produced from the sap of the Palaquium gutta tree in 1845 was proposed as insulation for the underwater cables. 1852 Many countries in Europe build telegram networks, however post remained the primary means of communication to distant countries. 1855 In England fully printed notes that did not require the name of the payee and the cashier's signature first appeared 1855 The printing telegraph made it possible for a machine with 26 alphabetic keys to print the messages automatically and was soon adopted worldwide. 1856 Belgian engineer Charles Bourseul proposed telephony 1856 The Atlantic Telegraph company was formed in London to stretch a commercial telegraph cable across the Atlantic Ocean, completed in 1866. 1860 The Pony Express was founded, able to deliver mail of wealthy individuals or government officials from coast to coast in 10 days. 1861 The East coast was connected to the West when Western Union completed the transcontinental telegraph line, putting an end to unprofitable The Pony Express. 1862-1863 First US banknotes - Lincoln Over Rules Debt-Based Money and Issues Greenbacks to Fund Civil War Bankers would only lend the government money under certain conditions and at high interest rates, so Lincoln issued his own currency – “greenbacks” – through the US Treasury, and made them legal tender. His soldiers went on to win the war, followed by great economic expansion. 1863 to 1932 “National Banking Era” Commercial banks in the United States had legally issued banknotes before there was a national currency; however, these became subject to government authorization from 1863 to 1932 1864 Friedrich Wilhelm Raiffeisen founded the first rural credit union in Heddesdorf (now part of Neuwied) in Germany. By the time of Raiffeisen's death in 1888, credit unions had spread to Italy, France, the Netherlands, England, Austria, and other nations 1870 Long-distance telegraph lines connected Britain and India. c1871 Marginalism - The doctrines of marginalism and the Marginal Revolution are often interpreted as a response to the rise of the worker's movement, Marxian economics and the earlier (Ricardian) socialist theories of the exploitation of labour. 1871 Carl Menger’s Principles of Economics – Austrian School 1872 Marx’s Das Capital 1872 Australia becomes the first nation to be connected to the rest of the world via submarine telegraph cables. 1876 Alexander Graham Bell patented the telephone, first called the electric speech machine – revolutionized communication 1877 Thomas Edison – Phonograph 1878 Western Union, the leading telegraph provider of the U.S., begins to lose out to the telephone technology of the National Bell Telephone Company. 1881 President James Garfield, Staunch Proponent of “Honest Money” Backed by Gold and Silver, was Assassinated Garfield opposed fiat currency (money that was not backed by any physical object). He had the second shortest Presidency in history. 1882 First description of the one-time pad 1886 First gas powered car 1888 Ballpoint pen 1892 Cinematograph 1895 System of wireless communication using radio waves 1896 First successful intercontinental telegram 1898 Polyethylene 1899 Nickel-cadmium battery 1907 Banking Panic of 1907 The New York Stock Exchange dropped dramatically as everyone tried to get their money out of the banks at the same time across the nation. This banking panic spurred debate for banking reform. JP Morgan and others gathered to create an image of concern and stability in the face of the panic, which eventually led to the formation of the Federal Reserve. The founders of the Federal Reserve pretended like the bankers were opposed to the idea of its formation in order to mislead the public into believing that the Federal Reserve would help to regulate bankers when in fact it really gave even more power to private bankers, but in a less transparent way. 1908 St Mary’s Bank – first credit union in US 1908 JP Morgan Associate and Rockefeller Relative Nelson Aldrich Heads New National Monetary Commission Senate Republican leader, Nelson Aldrich, heads the new National Monetary Commission that was created to study the cause of the banking panic. Aldrich had close ties with J.P. Morgan and his daughter married John D. Rockefeller. 1910 Bankers Meet Secretly on Jekyll Island to Draft Federal Reserve Banking Legislation Over the course of a week, some of the nation’s most powerful bankers met secretly off the coast of Georgia, drafting a proposal for a private Central Banking system. 1913 Federal Reserve Act Passed Two days before Christmas, while many members of Congress were away on vacation, the Federal Reserve Act was passed, creating the Central banking system we have today, originally with gold backed Federal Reserve Notes. It was based on the Aldrich plan drafted on Jekyll Island and gave private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it out at interest), make decisions without government approval, and control the amount of money in circulation. 1913 Income tax established -16th Amendment Ratified Taxes ensured that citizens would cover the payment of debt due to the Central Bank, the Federal Reserve, which was also created in 1913.The 16th Amendment stated: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” 1914 November, Federal Reserve Banks Open JP Morgan and Co. Profits from Financing both sides of War and Purchasing Weapons J.P. Morgan and Co. made a deal with the Bank of England to give them a monopoly on underwriting war bonds for the UK and France. They also invested in the suppliers of war equipment to Britain and France. 1914 WWI 1917 Teletype cipher 1917 The one-time pad 1917 Zimmerman Telegram intercepted and decoded by Room 40, the cryptanalysis department of the British Military during WWI. 1918 GB returns to gold standard post-war but it didn’t work out 1919 First rotor machine, an electro-mechanical stream ciphering and decrypting machine. 1919 Founding of The Cipher Bureau, Poland’s intelligence and cryptography agency. 1919-1929 The Black Chamber, a forerunner of the NSA, was the first U.S. cryptanalytic organization. Worked with the telegraph company Western Union to illegally acquire foreign communications of foreign embassies and representatives. It was shut down in 1929 as funding was removed after it was deemed unethical to intercept private domestic radio signals. 1920s Department stores, hotel chains and service staions begin offering customers charge cards 1921-1929 The “Roaring 20’s” – The Federal Reserve Floods the Economy with Cash and Credit From 1921 to 1929 the Federal Reserve increased the money supply by $28 billion, almost a 62% increase over an eight-year period. This artificially created another “boom”. 1927 Quartz clock 1928 First experimental Television broadcast in the US. 1929 Federal Reserve Contracts the Money Supply In 1929, the Federal Reserve began to pull money out of circulation as loans were paid back. They created a “bust” which was inevitable after issuing so much credit in the years before. The Federal Reserve’s actions triggered the banking crisis, which led to the Great Depression. 1929 October 24, “Black Thursday”, Stock Market Crash The most devastating stock market crash in history. Billions of dollars in value were consolidated into the private banker’s hands at the expense of everyone else. 1930s The Great Depression marked the end of the gold standard 1931 German Enigma machines attained and reconstructed. 1932 Turbo jet engine patented 1933 SEC founded - passed the Glass–Steagall Act, which separated investment banking and commercial banking. This was to avoid more risky investment banking activities from ever again causing commercial bank failures. 1933 FM Radio 1933 Germany begins Telex, a network of teleprinters sending and receiving text based messages. Post WWII Telex networks began to spread around the world. 1936 Austrian engineer Paul Eisler invented Printed circuit board 1936 Beginning of the Keynesian Revolution 1937 Typex, British encryption machines which were upgraded versions of Enigma machines. 1906 Teletypewriters 1927 Founding of highly secret and unofficial Signal Intelligence Service, SIS, the U.S. Army’s codebreaking division. 1937 Made illegal for Americans to own gold 1938 Z1 built by Konrad Zuse is the first freely programmable computer in the world. 1939 WWII – decline of the gold standard which greatly restricted policy making 1939-45 Codetalkers - The Navajo code is the only spoken military code never to have been deciphered - "Were it not for the Navajos, the Marines would never have taken Iwo Jima."—Howard Connor 1940 Modems 1942 Deciphering Japanese coded messages leads to a turning point victory for the U.S. in WWII. 1943 At Bletchley Park, Alan Turing and team build a specialized cipher-breaking machine called Heath Robinson. 1943 Colossus computer built in London to crack the German Lorenz cipher. 1944 Bretton Woods – convenient after the US had most of the gold 1945 Manhattan Project – Atom Bomb 1945 Transatlantic telephone cable 1945 Claude E. Shannon published "A mathematical theory of cryptography", commonly accepted as the starting point for development of modern cryptography. C1946 Crypto Wars begin and last to this day 1946 Charg-it card created by John C Biggins 1948 Atomic clock 1948 Claude Shannon writes a paper that establishes the mathematical basis of information theory 1949 Info theorist Claude Shannon asks “What does an ideal cipher look like?” – one time pad – what if the keys are not truly random 1950 First credit card released by the Diners Club, able to be used in 20 restaurants in NYC 1951 NSA, National Security Agency founded and creates the KL-7, an off-line rotor encryption machine 1952 First thermonuclear weapon 1953 First videotape recorder 1953 Term “Hash” first used meaning to “chop” or “make a mess” out of something 1954 Atomic Energy Act (no mention of crypto) 1957 The NSA begins producing ROMOLUS encryption machines, soon to be used by NATO 1957 First PC – IBM 1957 First Satellite – Sputnik 1 1958 Western Union begins building a nationwide Telex network in the U.S. 1960s Machine readable codes were added to the bottom of cheques in MICR format, which speeded up the clearing and sorting process 1960s Financial organizations were beginning to require strong commercial encryption on the rapidly growing field of wired money transfer. 1961 Electronic clock 1963 June 4, Kennedy Issued an Executive Order (11110) that Authorized the US Treasury to Issue Silver Certificates, Threatening the Federal Reserve’s Monopoly on Money This government issued currency would bypass the governments need to borrow from bankers at interest. 1963 Electronic calculator 1963 Nov. 22, Kennedy Assassinated 1963 Johnson Reverses Kennedy’s Banking Rule and Restores Power to the Federal Reserve 1964 8-Track 1964 LAN, Local Area Networks adapters 1965 Moore’s Law by CEO of Intel Gordon Moore observes that the number of components per integrated circuit doubles every year, and projected this rate of growth would continue for at least another decade. In 1975 he revised it to every two years. 1967 First ATM installed at Barclay’s Bank in London 1968 Cassette Player introduced 1969 First connections of ARPANET, predecessor of the internet, are made. started – SF, SB, UCLA, Utah (now Darpa) – made to stay ahead of the Soviets – there were other networks being built around the world but it was very hard to connect them – CERN in Europe 1970s Stagflation – unemployment + inflation, which Keynesian theory could not explain 1970s Business/commercial applications for Crypto emerge – prior to this time it was militarily used – ATMs 1st got people thinking about commercial applications of cryptography – data being sent over telephone lines 1970s The public developments of the 1970s broke the near monopoly on high quality cryptography held by government organizations. Use of checks increased in 70s – bringing about ACH One way functions... A few companies began selling access to private networks – but weren’t allowed to connect to the internet – business and universities using Arpanet had no commercial traffic – internet was used for research, not for commerce or advertising 1970 Railroads threatened by the growing popularity of air travel. Penn Central Railroad declares bankruptcy resulting in a $3.2 billion bailout 1970 Conjugate coding used in an attempt to design “money physically impossible to counterfeit” 1971 The US officially removes the gold standard 1971 Email invented 1971 Email 1971 First microcomputer on a chip 1971 Lockheed Bailout - $1.4 billion – Lockheed was a major government defense contractor 1972 First programmable word processor 1972 First video game console 1973 SWIFT established 1973 Ethernet invented, standardized in ‘83 1973 Mobile phone 1973 First commercial GUI – Xerox Alto 1973 First touchscreen 1973 Emails made up more than ¾ of ARPANET’s packets – people had to keep a map of the network by their desk – so DNS was created 1974 A protocol for packet network intercommunication – TCP/IP – Cerf and Kahn 1974 Franklin National Bank Bailout - $1.5 billion (valued at that time) - At the time, it was the largest bank failure in US history 1975 New York City Bailout - $9.4 billion – NYC was overextended 1975 W DES - meant that commercial uses of high quality encryption would become common, and serious problems of export control began to arise. 1975 DES, Data Encryption Standard developed at IBM, seeking to develop secure electronic communications for banks and large financial organizations. DES was the first publicly accessible cipher to be 'blessed' by a national agency such as the NSA. Its release stimulated an explosion of public and academic interest in cryptography. 1975 Digital camera 1975 Altair 8800 sparks the microprocessor revolution 1976 Bretton Woods ratified (lasted 30 years) – by 80’s all nations were using floating currencies 1976 New Directions in Cryptography published by Diffie & Hellman – this terrified Fort Meade – previously this technique was classified, now it’s public 1976 Apple I Computer – Steve Wozniak 1976 Asymmetric key cryptosystem published by Whitfield Diffie and Martin Hellman. 1976 Hellman and Diffie publish New Directions in Cryptography, introducing a radically new method of distributing cryptographic keys, contributing much to solving key distribution one of the fundamental problems of cryptography. It brought about the almost immediate public development of asymmetric key algorithms. - where people can have 2 sets of keys, public and private 1977 Diffie & Hellman receive letter from NSA employee JA Meyer that they’re violating Federal Laws comparable to arms export – this raises the question, “Can the gov prevent academics from publishing on crypto? 1977 DES considered insecure 1977 First handheld electronic game 1977 RSA public key encryption invented 1978 McEliece Cryptosystem invented, first asymmetric encryption algorithm to use randomization in the encryption process 1980s Large data centers began being built to store files and give users a better faster experience – companies rented space from them - Data centers would not only store data but scour it to show people what they might want to see and in some cases, sell data 1980s Reaganomics and Thatcherism 1980 A decade of intense bank failures begins; the FDIC reports that 1,600 were either closed or received financial assistance from 1980 to 1994 1980 Chrysler Bailout – lost over $1 billion due to major hubris on the part of its executives - $1.5 billion one of the largest payouts ever made to a single corporation. 1980 Protocols for public key cryptosystems – Ralph Merkle 1980 Flash memory invented – public in ‘84 1981 “Untraceable Electronic Mail, Return Addresses and Digital Pseudonumns” – Chaum 1981 EFTPOS, Electronic funds transfer at point of sale is created 1981 IBM Personal Computer 1982 “The Ethics of Liberty” Murray Rothbard 1982 Commodore 64 1982 CD 1983 Satellite TV 1983 First built in hard drive 1983 C++ 1983 Stereolithography 1983 Blind signatures for untraceable payments Mid 1980s Use of ATMs becomes more widespread 1984 Continental Illinois National Bank and Trust bailed out due to overly aggressive lending styles and - the bank’s downfall could be directly traced to risk taking and a lack of due diligence on the part of bank officers - $9.5 billion in 2008 money 1984 Macintosh Computer - the first mass-market personal computer that featured a graphical user interface, built-in screen and mouse 1984 CD Rom 1985 Zero-Knowledge Proofs first proposed 1985 300,000 simultaneous telephone conversations over single optical fiber 1985 Elliptic Curve Cryptography 1987 ARPANET had connected over 20k guarded computers by this time 1988 First private networks email servers connected to NSFNET 1988 The Crypto Anarchists Manifesto – Timothy C May 1988 ISDN, Integrated Services Digital Network 1989 Savings & Loan Bailout - After the widespread failure of savings and loan institutions, President George H. W. Bush signed and Congress enacted the Financial Institutions Reform Recovery and Enforcement Act - This was a taxpayer bailout of about $200 billion 1989 First commercial emails sent 1989 Digicash - Chaum 1989 Tim Berners-Lee and Robert Cailliau built the prototype system which became the World Wide Web, WWW 1989 First ISPs – companies with no network of their own which connected people to a local network and to the internet - To connect to a network your computer placed a phone call through a modem which translated analog signals to digital signals – dial-up was used to connect computers as phone lines already had an extensive network across the U.S. – but phone lines weren’t designed for high pitched sounds that could change fast to transmit large amounts of data 1990s Cryptowars really heat up... 1990s Some countries started to change their laws to allow "truncation" 1990s Encryption export controls became a matter of public concern with the introduction of the personal computer. Phil Zimmermann's PGP cryptosystem and its distribution on the Internet in 1991 was the first major 'individual level' challenge to controls on export of cryptography. The growth of electronic commerce in the 1990s created additional pressure for reduced restrictions. Shortly afterward, Netscape's SSL technology was widely adopted as a method for protecting credit card transactions using public key cryptography. 1990 NSFNET replaced Arpanet as backbone of the internet with more than 500k users Early 90s Dial up provided through AOL and Compuserve People were leery to use credit cards on the internet 1991 How to time-stamp a digital doc - Stornetta 1991 Phil Zimmermann releases the public key encryption program Pretty Good Privacy (PGP) along with its source code, which quickly appears on the Internet. He distributed a freeware version of PGP when he felt threatened by legislation then under consideration by the US Government that would require backdoors to be included in all cryptographic products developed within the US. Expanded the market to include anyone wanting to use cryptography on a personal computer (before only military, governments, large corporations) 1991 WWW (Tim Berners Lee) – made public in ‘93 – flatten the “tree” structure of the internet using hypertext – reason for HTTP//:WWW – LATER HTTPS for more security 1992 Erwise – first Internet Browser w a graphical Interface 1992 Congress passed a law allowing for commercial traffic on NSFNET 1992 Cpherpunks, Eric Hughes, Tim C May and John Gilmore – online privacy and safety from gov – cypherpunks write code so it can be spread and not shut down (in my earlier chapter) 1993 Mosaic – popularized surfing the web ‘til Netscape Navigator in ’94 – whose code was later used in Firefox 1993 A Cypherpunks Manifesto – Eric Hughes 1994 World’s first online cyberbank, First Virtual, opened for business 1994 Bluetooth 1994 First DVD player 1994 Stanford Federal Credit Union becomes the first financial institution to offer online internet banking services to all of its members in October 1994 1994 Internet only used by a few 1994 Cybercash 1994 Secure Sockets Layer (SSL) encryption protocol released by Netscape. Making financial transactions possible. 1994 One of the first online purchases was made, a Pizza Hut pepperoni pizza with mushrooms and extra cheese 1994 Cyphernomicon published – social implication where gov can’t do anything about it 1994-1999 Social Networking – GeoCities (combining creators and users) – had 19M users by ’99 – 3rd most popular after AOL and Yahoo – GeoCities purchased by Yahoo for $3.6B but took a hit after dotcom bubble popped and never recovered – GC shut down in ‘99 1995-2000 Dotcom bubble – Google, Amazon, Facebook: get over 600M visitors/year 1995 DVD 1995 MP3 term coined for MP3 files, the earlier development of which stretches back into the ‘70s, where MP files themselves where developed throughout the ‘90s 1995 NSFNET shut down and handed everything over to the ISPs 1995 NSA publishes the SHA1 hash algorithm as part of its Digital Signature Standard. 1996, 2000 President Bill Clinton signing the Executive order 13026 transferring the commercial encryption from the Munition List to the Commerce Control List. This order permitted the United States Department of Commerce to implement rules that greatly simplified the export of proprietary and open source software containing cryptography, which they did in 2000 - The successful cracking of DES likely helped gather both political and technical support for more advanced encryption in the hands of ordinary citizens - NSA considers AES strong enough to protect information classified at the Top Secret level 1996 e-gold 1997 WAP, Wireless Access Point 1997 NSA researchers published how to mint e cash 1997 Adam Back – HashCash – used PoW – coins could only be used once 1997 Nick Szabo – smart contracts “Formalizing and Securing Relationships on Public Networks” 1998 OSS, Open-source software Initiative Founded 1998 Wei Dai – B-money – decentralized database to record txs 1998 Bitgold 1998 First backdoor created by hackers from Cult of the Dead Cow 1998 Musk and Thiel founded PayPal 1998 Nick Szabo says crypto can protect land titles even if thugs take it by force – said it could be done with a timestamped database 1999 Much of the Glass-Steagal Act repealed - this saw US retail banks embark on big rounds of mergers and acquisitions and also engage in investment banking activities. 1999 Milton Friedman says, “I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable e-cash - a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A.” 1999 European banks began offering mobile banking with the first smartphones 1999 The Financial Services Modernization Act Allows Banks to Grow Even Larger Many economists and politicians have recognized that this legislation played a key part in the subprime mortgage crisis of 2007. 1999-2001 Napster, P2P file sharing – was one of the fastest growing businesses in history – bankrupt for paying musicians for copyright infringement
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