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Understand the Market Depth Charts in Trading | Hacker Noon
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WaykiChain CEO Gordon Gao: What is WaykiChain doing now?
https://preview.redd.it/i6sd5ax60ow41.jpg?width=1200&format=pjpg&auto=webp&s=8d4171bd4831ce2cfd6fa0bd9b598888d3a100cb Recently, there have been many thoughts on the development direction of blockchain and WaykiChain. I have found some certainty in the world of uncertainty. How does WaykiChain understand the development of the public chain? What is WaykiChain development direction based on these understandings? What should the community expect and pay attention to? I will share with you the answers to these questions. How does WICC increase prices? WICC is the basic digital currency on the WaykiChain public chain. According to its white paper, when this coin was issued in the early period, more than 70% of the chips were in circulation in the secondary market This is a relatively high proportion, comparing to most of blockchain projects. This high circulation ratio is like a double-edged sword. The disadvantage is that foundation has relatively weak control over its value in the secondary market. It is also difficult to manipulate the price to create some false market value to deceive the public. The advantage is that WICC can have a wide range of coin holders and community members. Meanwhile, more coin holders mean that when WICC is found to have price increase expectations, such expectations will be spread by the population, which can result in a large-scale network effect. In 2018, WaykiChain relied on this network effect to make a big hit in the market. At that time, the number of WICC holders was about 100,000 (WICC holders in exchange). However, the communities merely brought by price increase expectations are not sustainable. Those people came because of profit, and they will leave because of no profit. Those who made money or lost money on WaykiChain will scold after the currency price fell. In the bear market, it is almost difficult for people to have confidence in altcoins. It is difficult for people to invest in your long-term future with real money no matter what expectations they receive. Then, how to make WICC valuable in this bear market? We can conclude by the nature of price increases, which is fewer people selling and more people buying. Staking economy is an effective way to achieve“few people selling”. This kind of gameplay is not widely used in the traditional field as it is in the crypto circle. Most of Staking’s gameplay is to give you a dollar profit to make you unwilling to sell your 100 dollar coins. This approach may have a positive effect in the short term, but in the long term, it is no different from the Ponzi scheme. The other method is the DeFi. In DeFi, people need to collateralize their coins and get something that can bring value to them. For example, mortgage lending. When you are unwilling to sell your coins and lack money, the CDP mortgage lending system can meet your needs. At this time, the WICC in your hand becomes a “ticket” to participate in the CDP mortgage lending system. The collateralization generated by this real demand is often solid because such users are less likely to quit fast. Because they benefit from WaykiChain and believe this kind of service will generate value, so it is not a zero-sum game. In the end, most of the people here are winners, so they cherish their chips. Once there are more users, there should be more reasons for them to buy more continuously. The reason for most people who buy token is nothing more than to see some good news which can be predicted. Halving is predicted, so there was a decent run at the start of the year. The World Cup was also a prediction and it is a piece of good news for betting-related blockchain. This prediction of a high degree of certainty in time can prompt a frenzied influx. But other than this quadrennial prediction（Halving or World Cup） of events, what expectations do you have for the community? The first is the technical aspect. A good technical public chain can attract more developers, and more developers can build more business models and have more imagination. To realize the expectation of the business model, users should value the future business growth of your current track and the most direct promotion of the economic model after the growth. For example, the growth of the mortgage lending business. The total collateral of WICC gets bigger ->Less liquidated WICC ->WICC’ s unit price raises with the demand stays the same. Or growth in mortgage lending->WGRT destruction becomes more numerous->WGRT’s unit price raises. This business model creates a rigid value in a currency. Finally, there comes the marketing ability, the user toned to trust that you are able to attract more investors at some point in the future. All financial activities generate bubbles, and how big an asset you end up with depends both on how much beer you have and how much bubble you can pour. If building business value is about brewing, marketing, and storytelling, it’s about pouring beer out of the bubble. About liquidity When it comes to liquidity, some people’s understanding of liquidity of a coin is to be listed on more exchanges, some people know a bit about some financial markets, so they say liquidity is the depth of the order book. I recently get some inspirations from David in Coinbase. Liquidity can be measured by the time you spend to convert an asset to purchase power. Cash is with the best liquidity, as it is almost equal to purchasing power. Property is less liquid because there are very few situations where you buy something directly from the house. Usually, you will have to turn it into cash and buy something else. So there’s a long period between when you decide to sell the house and when you get the money, and the longer that period is, the less liquid it is. USDT is relatively liquid because OTC transactions, which is a mature market in the current situation, allow people to convert the USDT into fiat money in minutes. Note that the above mentioned is to turn assets into purchasing power, rather than cash out. These two are essentially different. For example, if I want to purchase some service from a crypto media, I often use Eth, BTC, USDT, not cash. So I don’t need to sell off my digital currency to exchange cash, but directly pay it, which becomes purchasing power. From this perspective, any merchant accepting digital currency payments is enhancing the liquidity of the digital currency. Because he shortens the time it takes for assets to become purchasing power. As I said before, the keyword of the Internet fights is traffic, and the keyword of digital currency is liquidity. Much of what WICC does is to increase liquidity. Listing on Exchange shortens the time for WICC to transform into the purchasing power of other digital currencies. In real application scenarios, many people are reluctant to undertake the risk of digital currency fluctuations. They only like to denominate in fiat currency, so WUSD (stablecoin) that is generated by collateralizing WICC has better potential than WICC to become purchasing power. Huatong Security accepts WUSD as a payment method to buy HK/US Pre-IPO stocks shortens the time when some people want to convert WUSD into the purchasing power of Hong Kong and US stocks (In the normal process, this user must first sell, exchange fiat currency, and then open an account to buy Hong Kong and US stocks). The new project WaykiX shortens the time required to transform WICC into the purchasing power of investing in various assets around the world. Bitcoin’s technology has not been greatly updated since its inception, but its value remains the leader because of its liquidity. Similarly, in my opinion, the market value of USDT has soared because liquidity is becoming more and more mature. WaykiChain’s future development is also inseparable from liquidity. About Defi As mentioned above, liquidity is important. If you want to improve liquidity, you can cash out first and use cash to purchase most of things you want. However cash out itself is not what a project expects, because it will dump the price when a lot of people doing that. Therefore, collateralizing assets, generating stablecoins, and then enabling stablecoins to generate purchasing power has become a perfect model, which is the essence of WaykiChain 3-Token Economy Model. Regarding purchasing power, first we need to know what users want to buy. Many public chain projects, including WaykiChain, have begun to explore what kind of products and services that users want to buy. For example, betting products, value-added game services, or even e-commerce. All of these end up with nearly no results. As speculators’ paradise, the cryptocurrency circle usually care about borrowing money to make money. So, there is nothing more interesting for them than lending and making money. These people may not have the need to play games or buy things, but they must have the demand to make money. Therefore, finance must be the right direction for blockchain projects. WaykiChain will all in DeFi for at least the next two years. Many people say that WUSD is a stablecoin, so it needs to be compared with USDT. Rather than emphasize WUSD itself, I would rather like to say that WaykiChain ’s CDP is a lending system and service, and WUSD is just a stable value certificate. I am more concerned about the capacity of the CDP lending business itself, and whether it can provide users with the value of lending. As for when WUSD can become a freely circulating currency, it will take a long time to see how much purchasing power is endowed. Maybe at first, WUSD could buy WICC, WGRT, then the index of various global assets, then other digital currencies, then some Hong Kong stocks and US stocks, and finally maybe you can buy two packs of snacks with WUSD downstairs. Simple preview of the new product WaykiX, users can trade all kinds of global assets, including digital currencies, indices, stocks, commodity futures, and even contracts. We have high expectations for this product because we feel it can meet the “purchase” needs of most existing community users. This product learns from the Synthetix project and adds some local elements of WaykiChain, including the technical security reinforcement, as well as the improvement of the economic model and the risk resistance level. Someone asked, Ethereum has a complete DeFi ecosystem, and there are countless projects to start a business together. Why does WaykiChain have the power to fight with Ether? I would like to share a few points. The DeFi of Ethereum is aimed at users of Ethereum. We are currently targeting WaykiChain users. There is no conflict at present. In addition, DeFi seems to have a variety of patterns. It is nothing more than the four major categories of deposits, loans, liquidity, and derivatives. Our current developer community is not as prosperous as Ethereum, so WaykiChain uses a point-to-face model to first construct the core and head of DeFi to ensure quality and safety. When it can form a minimum closed-loop, and then let developers support those long-tail applications. Although it is a bit contrary to the concept of decentralization, we believe that this is an indispensable process for the implementation of the blockchain public chain。 About community I mentioned three directions in the first chapter on how to create the value of WaykiChain, the first is technology, the second is business model and applications, and the third is the marketing model and bubble. In fact, a healthy blockchain community is also attracted by these three parts of value, a core developer community, some coin holders with business needs, and a group of speculation or investors. To achieve the top five public chains in the world, these three groups must be huge. WaykiChain attracts the core developer community through the leading technology mechanism and the friendliness of public chain development. This is the reason why WaykiChain has invested a lot of resources in the technical level of the public chain. WaykiChain continues to create value for currency holders to meet their needs through the DeFi business. And eye-catching marketing methods to attract investors and speculators when market conditions improve and new market capital are sufficient. The bull market is short while the bear market is long. In the bear market, WaykiChain needs to continue to play at the table in a way with a high winning rate. These are my personal opinions. Welcome to discuss more with me.
Mirror world Network is the only new incentive layer public chain that has been mature to apply IPFS technology to actual storage. It uses block chain and distributed storage technology to build a truly visible IPFS storage system and an easy-to-use and available distributed file storage network.
What is a public chain?
Public chain refers to the blockchain that is open in the whole network and has no user authorization mechanism. The original intention of Nakamoto’s invention of bitcoin is to create an open and transparent environment for the whole network, while the public chain is the blockchain project most in line with Nakamoto’s concept. In the public chain, any node can join or leave the network at any time without any permission, with high freedom.
What is the difference between MW Network and other public chains?
MW Network has built-in distributed web system IPFS, Alibaba cloud OSS protocol, peer-to-peer P2P network, DHT distributed hash table, data encryption segmentation, multi chain incentive mechanism, block exchange and other technologies, and built a global distributed storage ecosystem with high security, high privacy, high availability and Multi Chain deployment. Its friendly and inclusive features make the current public chain and storage Network and personal nodes can be deployed and run on it.
What is the design principle of MW Network?
The protocol consists of the following parts: role, network, data, contribution quantification, reward and punishment, multi chain; MW Network uses data fragmentation, multi backup and data erasure to ensure data security and availability; The data owner has the ownership and full access to the data, and the data is encrypted and has privacy; There are corresponding quantitative standards and observable contributions to the contributions of all parties of the system; The data object is allowed to be in different states at different nodes, but its state can quickly converge to obtain the whole network consistency; It can detect the availability of the whole network and the state of the whole network of data objects, and repair it autonomously according to the policy to a certain extent; On the premise that the data owner knows and agrees, certain degree of supervision and audit can be conducted in certain specific fields or scenarios; And has a high scalability and ease of use API.
What is the consensus mechanism of MW Network?
The multi-chain consensus block generation method consists of Tx-Bundle and MW Network Block. This method allows each Mirror World mining pool to execute different consensus algorithms internally. A transaction package contains the transaction records in the Mirror World mining pool to which it belongs. The full-node generates MW Network block containing different transaction packages and publishes it to the network. Each Tx-Bundle needs to contain the identity information of the Mirror World mining pool and nodes: Node-ID, Pool-ID, Area -ID. A full node can only connect to one MW Network mining pool. Nodes connected to MW Network chain (MW Network mining pool 0) can be packaged to generate MW Network blocks. In the future, we will explore how to make MW Network mining pools individually packaged into blocks. A feasible implementation idea is to deploy at least one proxy node connected to the MW Network chain in each MW Network mining pool.
How is data stored on MW Network?
The client initiates a request to store data, and the request is recorded to the Store-Book. The client pays the storage fee, and system returns the matching Store. The client uploads the file to the storage node. After receiving the data, the storage node updates the global state of the Store-Book and the data object. Broadcast replica-task to the network according to the security policy. The remaining storage nodes perform data backup and check whether the number of copies defined by the security policy is met. If not, they continue to broadcast data backup tasks to the network.
How to retrieve the stored data?
The client initiates a data retrieval request, and system obtains the latest data object from the Bean-Book and returns it to the client and synchronizes the data retrieval request to the storage node. In active mode, the client establishes a connection with the storage node and obtains data from the storage node. In passive mode, storage nodes push data to clients. After the storage node retrieves data from the client, it updates the Store-Book. After receiving the data, the storage node updates the global state of the Store-Book and the Bean-Book. After the client retrieves the data, the client will update the Proof-Book to prove that the storage node does hold the data object.
What is the development plan of MW Network?
2019 MW Network in-depth research, start-up project, based on three-year R & D achievements and technical development, write more than 900000 lines of code to achieve business functions 2020 January 13: MW Network white paper release February 15: MW Network official conference April 10: MW Network test network officially launched May: MW Network high performance interactive implementation June: MW Network global node deployment, China establishes distributed storage data center July to August: MW Network main network goes online September to October: MW landing in mainstream exchange October to December: MW Network core code open source Future: global distributed storage infrastructure
What is the vision of MW Network?
At present, the vast majority of data are stored in the data centers of major Internet companies in a centralized way, which brings a series of problems: expensive, unable to store permanently, prone to data leakage, privacy snooping, data abuse, etc. goal of Mirror World Network is to build a huge network, provide high quality and low price file storage services for the public, and build an easy-to-use and available distributed landing application.
What are the values of MW Network?
Different from most of the decentralized application ideas, we believe that the world needs order. For example, the rapid development of China in the past 30 years has brought new order to the world, and at the same time promoted the competition and progress in various technologies. With the arrival of the Internet of things and the 5g Era, the digital formation of human life, the demand for global storage facilities will explode, and MW Network will be in the future Build a storage facility node group for 100 million people to provide global, high security, high privacy, high availability, permanent and low-cost storage services.
What is the future of MW Network?
After MW Network goes online, it is conservatively estimated that 10000 storage devices can be included in one year. Based on an average of 100t, the total capacity space will reach 1000pb. According to the low price estimate of traditional cloud storage industry, the first year’s value of Mirror World Network can reach US $100 million. With the operation of the project to access more storage devices, the project valuation will be more breakthrough.
What is MW Token?
MW is the built-in encrypted digital token in Mirror World Network, which is mainly used to build the storage ecosystem of the system and reward the roles that make more contributions to the system.
What is the mechanism of MW Token?
MW, as the anchor of the original token under the Multi Chain (MW Network mine pool) structure, is also used as a means of economic punishment to avoid malicious nodes and infinite cycle logic bombs that may appear in the smart contract. MW has the function of transaction destruction. When the user pays MW as the storage fee, we will burn MW according to a certain proportion of the circulation quantity, and some MW will be burnt It moves to the address of the black hole and functions as a deflation.
How is MW Token distributed?
MW token will be distributed to four important components of Mirror World Network , which play an important role in network maintenance, technology development and ecological construction of MW Network. 70% of MW is used for (Contribution Award) — providing and maintaining the MW Network of contributor data storage service award; 12% of MW is used for (Technology Research) — technology research and development, technology innovation, project deployment, distribution, etc; 10% of MW is used for (Genesis Investors) — ecological development, business development, cooperative support, etc; 8% of MW is used for (Foundation) — project long-term governance, community construction, etc.
How to unlock MW Token?
The contribution reward is released steadily every year, and the release is completed in 10 years; Technology research began to unlock and release after (September 21, 2020), with an average of 36 months; When the test network was officially launched (April 18, 2020), Genesis Investors began to unlock and release, which was completed in 24 months on average.
What are the benefits of MW Token?
With the advent of 5g and AI era, data will grow explosively. The annual data generated in the world will increase from 33zb in 2018 to 175zb in 2025, which is equivalent to 491eb per day.In the future, the growth of data will exceed our imagination. With the continuous development of MW Network network, the market demand for storage services will continue to increase, but the total amount of MW issuance is limited, which will inevitably lead to rising pressure. 17.MW Token can be generated by mining machine, or can participate in MW Token creation exchange, becoming the early owner of Later, MW Token will go online to the mainstream exchange, and can be purchased in the exchange.
At present, I am not familiar with the project. How to participate?
Since my previous post about my vision of the future has garnered some attention and discussion, I thought it would be good to discuss the first part of the vision in deeper depth as it created a lot of discussion of its probability of becoming reality. I will break it down as much as I can. I will like to note that I am doing this because if you have this knowledge and information, you can make better more informed decisions of the future. Sometimes, you can see the future. Sometimes, the enemy reveals their hand. Everything I write will be a combination of both. For example, everyone on C_S_T is surprisingly still discussing cryptocurrency as a viable alternative to fiat currency. This will not happen. There is no need. The only need for crypto was to avoid fees and create a global currency based on imaginary value once again. We seen this with the fluctuation of the prices. Who dictates the prices? Well for one, the FBI holds the most Bitcoins out of anyone. So they definitely can or probably do make impacts on the market all the time. Crypto works as a penny stock. Ethereum was backed and supported by employees at Google. Does not ring any alarms in your head? The top three cryptos: Bitcoin, Ethereum, and Ripple have solidified their place. Is it not strange that all three of these currencies were funded, researched, and supported by executives in Silicon Valley? The very place that steals all our data? Early in 2018, we all saw an anomaly in the market. I do not know if you noticed (not many made the correlation), but the same day that the stock market crashed -666 points, the top three cryptocurrencies' prices fell down to Bitcoin: $6000 Ethereum: $600 Ripple: $0.60 Let me ask you, what is the probability of such a thing happening? The same day? Why was it 666? It was more of a message to Trump who just recently signed an executive order that froze billions of dollars in assets on a list of people more than a thousand pages long. The corrupt wealthy wanted to send a message that they still control the market. That despite the efforts of Trump, they decide where our money goes and they can crash the market whenever they so please. And that was why I knew it was the perfect time to buy back into crypto after their horrible crash in January. And sure enough, after the crash down to 666, everything started going back up. And I sold it soon after. Why? Because it is a penny stock. Since many corrupt wealthy individuals are now having the assets frozen, are being tried, being arrested, being hunted, they have to hide their money but want to see a return as well. Has anyone seen the subreddit Cryptocurrency? Or any specific cryptocurrency sub? It is basically a page of penny stock news. They leak information exactly as a penny stock creator would do. And you can follow the news with rises and falls in the price. They are basically taking you guys for a ride. So you might be thinking, well wtf do we do if the stock markets are rigged, crypto is rigged, and we might crash the economy if we stop fiat currency since all our bonds are connected to other countries. Let me give you the current situation and reveal how simple it really is: -Saudi Arabia, after their government change, reached out to Trump and asked for help in the tech industry. They wanted to pull out of oil because they saw no future in it and wanted to become a primary tech powerhouse in the world. Trump agreed but on couple conditions:
Saudi Arabia must start being progressive in terms of their ideals and cultural practices. They have started doing this. Women are allowed to drive now and dress as they please. A hugeee change in their society.
Saudi Arabia must buy oil from the United States.
And guess who is now the world's number one supplier of oil? Yup, the United States. This was one small development in terms of the US economy. Yes, China owns our bonds and debt but the situation is actually really quite simple and we got to witness some of it last year. Why did the trade war with China never materialize? It wasn't because of Trump's expert maneuvering or anything like that. It was because China has no choice. They slap tariffs on products we bring over there, and we do not slap tariffs on goods they bring into the United States. Are you starting to get the picture? It was a one sided deal. And we were allowed to pull out whenever we want. We made China into the economic powerhouse they are today. They did not do it themselves. We literally lifted them from the rubble and gave our middle class in exchange of our own. And this only happened by a simple trade deal of removing tariffs on their goods and allowing our goods to be taxed. That's it. So Trump is like bad deal, and throws it out. And guess what? China has no choice but to accept. Yea, they can grumble and threaten a trade war, but its all empty words. As soon as we completely overhaul all the trade deals with the world, we will see a return of wealth in the United States of at least $800+ billion/year. And that's just the beginning. Once manufacturing makes a full return to the states, people around the world will be racing to buy American products, most likely going to be the highest quality goods in the world. And this is where my vision of returning to the gold standard comes in. Of how it is possible within the next 10 years. In order to convert back to the gold standard, the value of gold must be around $10-12k per ounce in order to handle the amount of currency we have. It currently sits at $1.2k. Very easy. The United States holds the most gold in the entire world. Are they just holding it for fun or for history's sake? No, because the return to the gold standard was always on the table. Once we return to the gold standard, we can remove the Federal Reserve. We wouldn't need people manipulating the market with interest rates. We got something physical that holds everything together. I heard people saying: "Prepare for the worst case scenario." The worst case scenario is actually behind us. It would have been Hillary Clinton. They tried so hard to get us to manifest the reality that Hillary Clinton will be the next president. They failed. Why? Because our mental fortitude has been slowly growing in the past decade. I heard people saying: "Oh, I seen this before. This is another cycle that civilization goes through and then we fall back into their grips of power." I never seen or read in recorded history of what is happening right now. There is one huge game changer that no matter how much you planned, how much you prepared, no one can handle and that is the internet. The one variable factor that upsets all plans or attempts at controlling the future. The fucking internet. And they are trying so hard to combat it. They are already about to implement the citizen score system in China. And do not think for a second that they do not already have that same system in place for us, but hidden. And trust me, if you are on here in this sub discussing such ideas, your score ain't that great. You are probably labelled as a risk. This is why we are not able to repeat the same cycle. Yes, you are comfy in your home, but right now, in the rest of the world is starting to wake up. A lot faster than those in the United States. Proof? -France and the yellow vests -South Korean citizens protest and force the previous president out of the office for corruption -Armenia overthrows their government twice when they attempted to control the people -Venezuelans are overthrowing their government These events have all been transpiring in the past couple years. We are waking up, together, at the same time, all around the world. This has never happened before in history. Why? Because there was no internet. So we can't repeat the cycle. There is no going back anymore. Only forward. And the future is bright. So I will go over the events that will transpire in the next 10 years:
It will be revealed that government organizations such as NASA and the CDC have been mismanaging funds and pretty much have not been doing their jobs properly for the past decade. The current administration is going to clean house and flush out a lot of the employees who are responsible for this. Therefore, we have the government shutdown. After 30 days of government shutdown, you are allowed to let go of furloughed employees. And trust me, there is a list of people who will be let go. It will be one of the cleanest flushing of trash in our government and you cannot even blame Trump because both Republicans and Democrats are responsible for the shutdown as either side wants to relent to one another.
Also, Trump has issued a new policy for federal employees that instead of scheduled raises, it will now be merit-based raises. This attracts actual competent workers and gives them incentives to work harder to move up, rather than laze around and wait for their automatic raises. This also forces employees who have been slacking off to get their shit together or fall behind. Once NASA is cleaned up, they will be given a huge budget (you can look it up yourself, Trump afford an unlimited budget to NASA for a trip to Mars, but that was only to force NASA's hand and have them reveal that they are inadequate and have been doing nothing to begin the shake up within their ranks) to actually start implementing a lot of hidden technologies such as gravitational field generators. This will make travel significantly cheaper. Remove all pollution from the world, and remove the need for batteries. We will also be able to use gravitational waves to communicate and connect to the internet, removing the need for radio waves and WiFi signals which are actually harmful. Gravitational waves can move through mass, therefore we do not need antennas and signal towers everywhere.
The Vatican Church will fall. We are already witnessing this. Lies upon lies, the pope screaming that anyone who accuses the Catholic Church of child molestation is Satan himself, yet the very next month, enacts procedures to start bringing priests and cardinals into check. It was actually just last month where the number two person in the Vatican is charged. Once the Vatican falls, their library (which has over 15 miles of shelves of books) will be revealed to the public. As it rightfully should have to begin with. This new knowledge is going to change a lot of things in our society. One of which is the Bible itself. A lot of concepts we follow today will be changed. For one, we will discover that Jesus was not even his real name. That Jesus never wanted to be a religious symbol used in whatever way authorities saw fit. In fact, Jesus did not even want to gain popularity. Which was why he always moved to another town after he started gathering a following.
Economic prosperity and technological advancement on a scale and exponential growth we did not see possible. A lot of people here seem to say that if we were to get off fiat currency, everything would crash and burn. Do you think we would really do that if we knew everything would implode? What about the alternative that the GDP increases tremendously instead? What about the possibility that it corrects the market?
-Japan is already working on the Space Elevator -Stem cell research is reaching new heights -Cures for cancer is already discovered. The current administration is trying to figure out how to implement it without creating an economic black hole. Why? Because of geriatrics. We will have a huge influx of old people living longer and our current system would have them rot in senior homes. We wouldn't be able to handle it. We have to encourage seniors to exercise and get their bodies back into shape. There are people who are in their 70s that are still physically able and fit. This is possible for all of us. Consistency and discipline is key in exercise!
Military tribunals I don't know if you know or not, but the mainstream media hasn't really publicized it, but Trump is not even being investigated by the Mueller special council. He was never investigated to begin with. It was a witch hunt to try to find some dirt on Trump. But they are failing embarrassingly. All they have is Cohen and he was a pawn Trump was prepared to throw out for his seedy financial history.
But guess who is being investigated? As we speak? The Clinton Foundation, the Obamas, and the Bushes. I would like to remind you that it was only last year that the heiress of Seagrams Alcohol was arrested on charges of human trafficking. She is a billionaire btw. She was teamed up with another billionaire and created a sex slave organization called NXIUM. It was last year that the Paradise Papers was published. The articles that implicates a shit ton of people including the Queen of England in tax fraud and laundering. There are still people working to get this into court. It is a matter of time for these people. Unfortunately, I have to get back to work and finish up some assignments so I am going to have to end this here. Hope you guys enjoy and gain some hope yourself of the bright future ahead of us. Much love you guys.
Hey guys, I thought I would put together an in-depth tour of the Gridcoin wallet software for all of our recent newcomers. Here I'll be outlining all the features and functions the windows GUI wallet has to offer, along with some basic RPC command usage. I'll be using the windows wallet as an example, but both linux and macOS should be rather similar. I'll be including as many pictures as I can as embedded hyperlinks. Edit: Note that since I originally made this there has been a UI update, so your client will be different colors but all the button locations are in the same place. This is my first post like this, so please forgive me if this appears a little scatter-brained. This will not cover the mining setup process for pool or solo miners. When you launch the wallet software for the first time you should be greeted with this screen.
If you're a pool miner or investor, press cancel.
If you're a solo miner, enter your email you used to sign up for projects and press OK.
If you're not sure or haven't decided yet, press cancel. We can come back to this later.
After that prompt, you should be left sitting on the main overview tab with several fields on it. From top to bottom:
Available: All coins available to be sent or staked (I'll cover this term later).
Stake: All coins that are currently staking.
Unconfirmed: All coins that have been received and have not yet received 110 confirmations.
Total: All coins in your wallet. (The sum of the above fields)
Blocks: How many blocks your client has in it's chain. Your wallet just started syncing with the network so this number will be low.
Difficulty: How difficult it is for someone to stake the next block.
Net Weight: An estimate for how many coins are staking on the entire network.
Coin Weight: How many of your coins that are currently staking.
Magnitude: A quantifier for how much work you put in mining. For solo miners only. For pool miners, this value will always be 0.
Project: Displays the projects you're working on, one at a time. For solo miners only. For pool miners, this will always say "INVESTOR".
CPID: Cross Project Identifier. Used to keep track of users across projects. For solo miners only. For pool miners, this will always say "INVESTOR".
Status: Displays various status messages.
Current Poll: Displays the latest poll.
Client Messages: Displays various client messages.
Now onto the other tabs on the left side. Currently we're on the Overview tab, lets move down to the Send tab. This tab it pretty self-explanatory, you use it if you want to send coins, but I'll go over the fields here:
Pay To: Enter a valid gridcoin address to send coins too. Gridcoin addresses always start with an S or and R.
Label: Enter a label here and it will put that address in your "address book" under that label for later use. You can leave it blank if you don't want it in your address book.
Message: Enter a message here if you want it attached to your transaction.
Amount: How many coins you want to send.
Add Attachment: Leave this alone, it is broken.
Track Coins: This doesn't do anything.
Now down to the Receive tab. Here you should have a single address listed. If you double click on the label field, you can edit it's label.
New: Generate a new address.
If you click on an address, the rest of the options should be clickable.
Copy: Copy the selected address to your clipboard.
Show QR Code: Show a scan-able QR code for the selected address.
Sign Message: Cryptographically sign a message using the selected address.
The Transactions tab is pretty boring considering we have no transactions yet. But as you can see there are some sorting tools at the top for when you do have transactions listed.
ADDRESS BOOK TAB
The Address Book is where all the addresses you've labeled (that aren't yours) will show up.
Verify Message: Verifies a message was signed by the selected address.
The rest of the functions are similar to the functions on the Receive tab.
Onto the Voting tab. There wont be any polls because we aren't in sync yet.
Reload Polls: Pretty self-explanatory, I've never had to use this.
Load History: By default, the wallet will only display active polls. If you want to view past polls you can use this.
Create Poll: You can create a network-wide poll. You must have 100,000 coins as a requirement to make a poll. (Creating a poll does not consume the coins)
Display coin control features (experts only!): This allows you to have a great deal of control over the coins in your wallet, check this for now and I'll explain how to use it further down. Don't forget to click "Apply".
ENCRYPTING YOUR WALLET
Now that all of that is out of the way. The first thing you'll want to do is encrypt your wallet. This prevents anybody with access to your computer from sending coins. This is something I would recommend everyone do. Go to Settings > Encrypt Wallet and create a password. YOU CANNOT RECOVER YOUR COINS IF YOU FORGET YOUR PASSWORD. Your wallet will close and you will have to start it up again. This time when it opens up, you should have a new button in the bottom left. Now if you want to stake you will have to unlock your wallet. Notice the "For staking only" box that is checked by default. If you want to send a beacon for solo mining or vote, you will need to uncheck this box.
GETTING IN SYNC AND ICONS
Before we continue, Let's wait until we're in sync. Depending on your internet speeds, this could take from several hours to over a day or 2. This can be sped up by using Advanced > Download Blocks, but this can still take several hours. This is what an in-sync client should look like. Notice the green check to the right of the Receive tab. All of these icons give you information when you hover your mouse over them. The lock The arrow tells you if you're staking. If you aren't staking, it will tell you why you're not staking. If you are staking it will give you an estimated staking time. Staking is a very random process and this is only an estimate, not a countdown. The connection bars tell you how many connections to the network you have. The check tells you if you're in sync.
WHAT IS STAKING?
Now I've said "stake" about a million times so far and haven't explained it. Gridcoin is a Proof of Stake (PoS) coin. Unlike bitcoins Proof of Work (PoW), PoS uses little system resources, so you can use those resources for scientific work. PoS works by users "Staking" with their balance. The higher the balance, the higher the chance to create, or "stake" a block. This means you need to have a positive balance in order to stake. Theoretically, you can stake with any amount over 0.0125 coins, but in practice it's recommended to have at least 2000 coins to reliably stake. Staking is important for solo miners, because they get paid when they stake. Pool miners don't need to stake in order to get paid however. So if you want to solo mine, you'll need to buy some coins from an exchange or start in the pool first and move to solo when you have enough coins. In addition to Research Rewards for miners, anyone who holds coins (solo miners, pool miners, and investors) gets 1.5% interest annually on top of your coins. So it can be beneficial for pool miners to stake as well. Here is a snippet of what a research rewards transaction looks like from my personal wallet. I have a label on that address of "Payout address" as you can see here.
UTXOS AND COIN CONTROL
At this point you'll need some coins. You can use one of our faucets like this one or this one to test coin control out. First let me explain what a UTXO is. UTXO stands for Unspent Transaction Output. Say you have an address with 0 coins in it, and someone sends you 10 coins like I've done here. Those 10 coins are added to that address in the form of a UTXO, so we have an address with one 10 coin UTXO in it. Now we receive another 5 coins at the same address, like so. Now we have an address with one 10 coin UTXO and one 5 coin UTXO. But how do we view how our addresses are split up into different UTXOs? Earlier we checked the "Display coin control features" box in Settings > Options > Display. Once that's checked you'll notice there's another section in the Send tab labeled "Coin Control Features". If you click the "Inputs" button, you'll get a new window. And look, there's our 2 UTXOs. All UTXOs try to stake separately from each other, and remember that the chance a UTXO has to stake is proportional to it's size. So in this situation, my 10 coin UTXO has twice the chance to stake as my 5 coin UTXO. Now wallets, especially ones that make a lot of transactions, can get very fragmented over time. I've fragmented my wallet a little so I can show you what I'm talking about. How do we clean this up? We can consolidate all this into one UTXO by checking all the boxes on the left and selecting OK. Now pay attention to the fields on the top:
Quantity: The total amount of UTXOs we have selected.
Amount: The total amount of coins we have selected.
Fee: How much it would cost in fees to send all those UTXOs (more UTXOs = more transaction data = more fees)
After Fee: Amount - Fees.
Bytes: How large the transaction is in bytes.
Priority: How your client would prioritize making a transaction with this specific set of UTXOs selected had you not used coin control.
Low Output: If your transaction is less than 0.01 coins (I think).
custom change address: You can set the address you get your change back at, by default it will generate a new address.
So let's fill out our transaction so we end up with 1 UTXO at the end. In "Pay To:" Just put any address in your wallet, and for the amount put what it has listed in the "After Fee" Field. Just like this. Notice how we get no change back. Now click "Send", we'll be prompted to enter our passphrase and we're asked if we want to pay the fee, go ahead and click "Yes". Now if we go back to the Overview tab we get this funky icon. If you hover your mouse over it, it says "Payment to yourself", and the -0.0002 GRC is the network transaction fee. (Ignore the first one, that was me fragmenting my wallet) Now if we look at the Coin Control menu, we can see that we've slimmed our wallet down from 7 UTXOs to 1. Now why would you want to use coin control? 2 Situations:
UTXOs less than 0.0125 coins cannot stake. So you can combine a lot of tiny, useless UTXOs into 1 bigger one that can stake.
After a UTXO stakes, it cannot stake for another 16 hours. So if you have 1 large UTXO that is big enough to stake more than once every 16 hours, you can split it into smaller UTXOs which can allow you to stake slightly more often.
By default, the wallet will always generate a new address for change, which can make your wallet get very messy if you're sending lots of transactions. Keep in mind that more UTXOs = larger transactions = more fees.
Sidenote - When you stake, you will earn all research rewards owed reguardless of which UTXO staked. However, you'll earn the 1.5% interest for that UTXO. Not your whole wallet.
A fork is when the network splits into multiple chains, with part of the network on each chain. A fork can happen when 2 blocks are staked by different clients at the same time or very close to the same time, or when your client rejects a block that should have been accepted due to a bug in the code or through some other unique circumstance. How do I know if I'm on a fork? Generally you can spot a fork by looking at the difficulty on your Overview tab. With current network conditions, if your difficulty is below 0.1, then you're probably on a fork. You can confirm this by comparing your blockhash with someone elses, like a block explorer. Go to [Help > Debug Window > Console]. This is the RPC console, we can use to do a lot of things. You can type help to get a list of commands, and you can type help [command you need help with] (without the brackets) to get information on a command. We'll be using the getblockhash [block number] command. Type getblockhash [block number] in the console, but replace [block number] with the number listed next to the "Blocks:" field on the Overview tab. This will spit out a crazy string of characters, this is the "blockhash" of that block. Now head over to your favorite block explorer, I'll be using gridcoinstats. Find the block that you have the hash for, use the search bar or just find it in the list of blocks. Now compare your hash with the one gridcoinstats gives you. Does it match? If it matches, then you're probably good to go. If it matches but you still think you're on a fork, then you can try other block explorers, such as gridcoin.network or neuralminer.io. If it doesn't match, then you need to try to get off that fork. How do I get off a fork?
Just wait for an hour or two. 95% of the time your client is able to recover itself from a fork given a little time.
Restart the client, wait a few minutes to see if it fixes itself. If it doesn't restart again and wait. Repeat about 4 or 5 times.
Find where the fork started. Using the getblockhash command, go back some blocks and compare hashes with that on a block explorer so you can narrow down what the last block you and the block explorer had in common. Then use reorganize [the last block hash you had in common]. Note that reorganize takes a blockhash, not a block number.
A listening node is a node that listens for blocks and transactions broadcasted from nodes and forwards them on to other nodes. For example, during the syncing process when you're getting your node running for the first time, you're downloading all the blocks from listening nodes. So running a listening node helps support the network. Running a gridcoin listening node is simple. All you need to do is add listen=1 to your gridcoinresearch.conf and you need to forward port 32749 on your router. If you don't know how to port forward, I'd suggest googling "How to port forward [your router manufacturer]".
Bitcoin Tycoon Li Xiaolai: Investment, Please Start from Learning!
Li Xiaolai, former Chinese crypto investor For Li Xiaolai, I believe that everyone is no stranger, and recently he is back! If you are concerned, you will find this controversial figure, some people regard him as a life mentor, and some people regard him as a swindler. In today’s era of information, it is difficult to judge a person impartially and objectively. Regarding Li Xiaolai, I spent a lot of time researching this person. From the beginning, he taught us a lot of things, The first pot of gold that Li Xiaolai earned was a few test books he wrote during his teaching in New Oriental, and the famous “Take Time as a Friend”, which brought him nearly a million years of income as early as ten years ago. . In 2011, Li Xiaolai first learned about Bitcoin from the Internet. I thought I found the right way to know a person and his knowledge. https://preview.redd.it/vncobv28xp031.jpg?width=800&format=pjpg&auto=webp&s=d53ec04ebb36934fda5cd190edb7386cc4d55b0a Li Xiaolai and his book “The Self- Cultivation of Chives” give the greatest revelation: no matter what you are doing, whether it is investing, attention, time, learning, growth, is always the most important thing. In life, it doesn’t matter what you do, as long as you do it well you will succeed. It is cultivating that skillset that where ever you do, you will succeed. While learning and growing are important for investment, he gave advice in “ The Self- Cultivation of Chives “,In his opinion, it is difficult to have a place in the world that needs more learning ability than the trading market. The success of the trade can ultimately be traced back to learning ability. Almost all-powerful traders are masters of learning and research. Regarding the criteria for distinguishing between investors and speculators, he believes that “speculators refuse to learn, investors are good at learning. Before placing the trade, study carefully and study in depth; after the transaction, whether you win or lose, you must summarize your ideas and thoughts in order to improve your next decision-making. The person who does this is investing in his knowledge. Even if they are “fast forward and fast out.” What is the “ Chives”? They don’t study, they are blind, they blame everyone… Such people, in his eyes, whether they have money or not, regardless of IQ, are “failed speculators”. In Li Xiaolai’s view, the wrong timing and blind “buy and buy” led the novice to become a professional. To get out of the long-term trade, it is necessary to continue to learn to improve investment literacy, rather than waiting for lady luck. Of course, choosing the right time to enter is not easy, because even the Wall Street traders admit that “it is more difficult to get into the market accurately in the market than to catch a dropping knife.” Not to mention ordinary investors and novices. However, blind investment can be avoided by everyone, on the grounds that learning and summing up experience can be done before and after the investment. https://preview.redd.it/8pir7khaxp031.jpg?width=690&format=pjpg&auto=webp&s=b46510f341ba2fa6cc543f74545e0ad6f6a41538 It is worth noting that the difference in the direction and order of investment learning will also make a difference in results, such as value investing, “determining whether to buy or sell after the value of the value is available,” and “discovering it after three or seventy-one. There is a world of difference in not being able to study value again. Therefore, the importance of learning direction and order also requires deep thinking. Regardless of traditional investment methods or digital currency investments, learning can discover value, as conveyed in the self-cultivation of amaranth: whether you are on or off the field, if you want to invest, start with learning. https://preview.redd.it/r6kyw5gfxp031.jpg?width=640&format=pjpg&auto=webp&s=43319e1e6b2984cb791203814be4244777e93540 About Mars Wallet： Mars Wallet, a secure and professional digital asset wallet, regularly shares digital currency investment and financial management skills for you. We focus on digital currency management, and we have carefully polished and formed Mars’ own brand advantage: the four-fold security protection system protects your digital assets in an all-round way; enjoys the benefits of digital financial management with a high annualized rate; and the excellent customer service system eliminates financial worries. With Mars, it’s very worry-free! For more information on Mars Wallet, keep up with its following social media: Medium: https://medium.com/@support_34903 Telegram: https://t.me/marswallet Reddit: https://www.reddit.com/use1-SG/ Twitter: https://twitter.com/1SG_2018 Instagram: https://www.instagram.com/marswallet_1sg/
My weekend with Titanium Blockchain Infrastructure Services, TBIS
This is my first ever blog post so please excuse me if I don’t adequately meet up to your writing expectations or answer all of your questions. Just a warning I tend to be wordy. In the Telegram world, my name is “Titanium Big Fish” and I hold a 6-figure amount of Titanium’s utility token, TBAR. As many of you know, Titanium Blockchain Infrastructure was hacked February 21, 2018. Prior to the hack, I had always been active on the telegram channel and enjoyed talking of our future riches to others as I found myself loving the banter and comradery. Moon landings and Lambo’s were often the fun conversation. Unfortunately, this hack happened immediately after I sold my business and a week after my first child was born. I went from someone mentally retired on Titanium and crypto to someone unemployed with a newborn, having to now bust out my 2011 resume. By February 21st, I was known to the top level in the company as a 6-figure token holder and I was still actively accumulating, so when I noticed A LOT of BAR being dumped on IDEX, I sent a telegram to Richard the COO questioning the ‘sale’ of so many tokens. Much to my surprise, and until today, I have kept this to myself, Richard asked me for my email and to sign an NDA and I was to call into a group chat. Much of what I write here might “bend” this NDA. Besides myself on the call there were a few top-level managers. I was informed that there was a hack. Michael, the CEO sounded extremely upset. I could hear despondence and stress in his voice. Before they decided to go with their plan A, they wanted a token holders’ thoughts. Someone who might have some other insight into a different idea and hear how the community might react. I came up with an idea that was not feasible at the time which was to fork into the ‘ingots’ but Richard said the blockchain would not be ready for a few months and not a solution to stop the hacker from profiting. They then discussed an actual fork, that Richard and James could start working on ASAP. Everyone agreed that the fork was the best idea to prevent the hacker from profiting and TBAR was created at this point. Apparently, the team had previously contacted the exchanges, because our call ended when the IDEX owner called for Michael and Michael had to get off the phone with us to take that call. There were 4 takeaways from this phone conversation that I had. One: I strongly suggested NOT to reveal this hack to the community and to make up ANY excuse but ‘hack’ to the token holders. I knew the mention of that word, would cause the BAR price to plummet and as a large holder I wanted to avoid that. Michael said, that we had to take the high road, and be honest and transparent. I really felt that was a strong statement for him to have made and it was something that I am certain that I would not have been able to do in that moment had I been the CEO. Two: I immediately noticed there was one top level manager NOT on the phone call, the CTO. I had been following Titanium and knew all the management and expected the CTO to be on this call. Literally that week I had run background checks on everyone so when someone was not there, I took notice, especially since his background check had some minor criminal issues. Three: when I asked whom I thought could possibly do something like this, it was evidently clear to me that the others on the call had a definite idea who the hacker was and it seemed Michael even wanted to blurt it out, saying something about not knowing who your true friends are. Four: I found myself somewhat on the ‘inside’ of the company. The next few weeks were basically a nightmare. I had added to my holdings all month leading into the hack and even had a 5-figure order on the books that the hacker grabbed up. To say I was fully invested is an understatement. I became the voice of reason to many on the telegram channel, because I really believe in the project, and knew they would pull through and also suspected they knew whom the hacker was and his being caught was inevitable. Also, hearing Michael and Richards voices on the call to discuss options, gave me confidence that they had nothing to do with this. I also felt it best to be reasonable about my holding and think everything through logically and clearly before taking a negative stance on this. My logic and reasoning led me to fully believe in the team after seeing how hard they were working on resolving this. I always felt, if it was not for Hitbtc, this would have been a minor issue that would have been incredibly resolved quickly, brilliantly and with almost no loss of BAR. Over time, I started to grow closer to Richard and others on the team in my private discussions about the hack and my own Sherlock Holmes investigations. Unfortunately, I am still under my NDA and even now can not reveal things that I know because mostly they are circumstantial or might hinder the investigation. My NDA also prevented me from revealing other things that I had known in the past. For example, when a youtube interview was rescheduled, people blamed Michael for this. He seemed to be an easy fall guy, whom everyone felt just didn’t show up. However, I had known all along that it was cancelled by the interviewer and Michael was actually ready for the interview. One of the team members took the fall blaming themselves for this miscommunication. People questioned this when it was revealed, but I saw it as a team that never places blame on others and never speaks negatively about anyone, nor do they try to counter FUD even when they can and should. To me that is the sign of a company specifically thinking long term. I still have not seen a team member bad mouth anyone or any company (even HBTC). On a whim, I reached out to Richard and said that I wanted to meet him, to see the office and meet Michael. I was concerned about my purchase, of course, and felt as a token holder I needed to see what was going on. There was a blockchain event coming up in LA and I was told that weekend would work as Martha, the CCO, would also be there. For this trip, I rented my own car, paid for my own airfare and rented my own hotel room. Titanium did not pay for me to come out to LA and they did not suggest that I come. Titanium is not paying me to write this nor are they demanding I say or not say anything. I never intended to write anything about my trip and my trip was not intended to answer Q and A for myself, nor did I take notes until the last day. My purpose of the trip was not to learn roadmap details nor product details, so I apologize to those that think I will fill you all in on the goodies. I was told many goodies, but I took them in stride as a big whole positive picture. I went to see if this was a long-term hold, if I should actually buy more, and to meet the humans behind Titanium, to get a feel for them specifically. I have been careful in what I have written as to not excite people too much with mentioning things not fully completed nor have I mentioned things told to me that might violate others NDA and I do not go into detail at all on any road map dates nor many specific products really. For example, we discussed the Element wallet in detail, but I won’t mention it in this blog at all, nor will I mention many of the products being worked on. All I will say is that there are a lot of things going on. It took me 2 weeks to get this blog out, and as we know in crypto 2 weeks is a lifetime, so many of the issues discussed below have been resolved, as well as some of the questions at the end, have already been answered. My initial meeting with Richard and Martha was brief. It was a cordial meeting- the conversation focused on HITBTC, the big hack, the twitter hack, as well as the fud group. I initially asked what the plan was for HITBTC. Richard had told me he was waiting on their contact there to do what is asked of them, and though they seem to want to help, and they have agreed to help, they always seemed to stop short of helping. I asked if HITBTC wanted money to resolve this, he said yes, and he was willing to pay. Plan B, Richard said, will take place very soon. Although It is not an ideal solution, Richard would have to have each of the 1500+ wallet holders left on HITBTC send in proof that they have BAR on HITBTC, prove when that purchase was made, and individually, each wallet will be sent TBAR if they qualified. It would be a slow and tedious endeavor, that would use up a lot of manpower, but it would get done. The conversation then turned to the hacker. I can’t speak to most of this as it is under investigation and I don’t know the full details, neither did Richard nor Martha. We all have our suspicions, and everything is unfortunately circumstantial at this point, so we just had an in-depth conversation on the circumstantial evidence. I can’t really discuss some of this information however, it is my opinion that this hack was a hack of vengeance, and not really for profit for they would have waited for a much better time to hack and BAR was really under the radar at this point with very low volume. This person does not want Titanium to succeed and more so, has a personal vendetta against Michael. The amount of people on this list is very, very small and it seems apparent that this is what the FUD group was set up for. Interestingly, this same person that I suspect is often in the FUD group. I suspect the person that publicly stated they did not want a fork and also publicly insinuated we should have paid the hacker, is to blame. You can all decide on that one… Interestingly, when I asked the telegram group to send over some Q and A, only 1 person asked about the hack. It seems that people are starting to move on from it. The conversation then turned to the twitter hack and the FUD group (note: this group is currently shut down as of the writing of this blog). Much to my surprise these two things did not seem to bother Richard nor Martha very much at all as they were already past this and implemented new company protocols and procedures. They felt that they have done nothing wrong and were not concerned as the price of the token was moving downward with the market and was now currently sitting near or above ICO Ethereum price (actually as I finish this, it is double the ICO ETH price). It seems Richard was focused more on moving forward, hiring and getting the product created and out. Laser focused actually! We all suspected the twitter hacker and this FUD group are related. I suspect the same people. I learned, there is only 1 person that no longer works with the team, that would have access to the ‘released’ database (that was threatened to be released), and that person is active in that FUD group. That person still had access to the websites and I learned, apparently had shut them down a few times over the weeks. Richard said they are not even investigating the twitter takeover as it would not lead to much and they needed to focus on putting resources where they are better served. There were a lot of conversations back and forth between the founder of the FUD group and Richard. The founder of that group, was asking a large sum of ETH to do an AMA right after the hack. She was pretty upset that she was being ignored, to me it just made sense that during this moment of crisis, she obviously would not be priority #1, nor would a discord AMA be worth the price of many dozens of ETH. It is now old news, so lets move on. Prior to my arrival in LA, I received a message from someone on Telegram who had “secret information” and correspondence from Michael regarding moving the office to Europe. This individual had once worked for the team and worked on setting up a possible international office and wanted me to know this information. I thought that would be a great idea, to get away from the regulations of the USA. Initially the person seemed to be telling me this as if it was secret FUD that he had, but when questioning him more, he said this was discussed months earlier and definitely not an escape plan, but more so to expand our offices internationally. I asked Richard his thoughts on moving the company, and he said that there are definitely no plans on doing so, however they do plan on running the DEX exchange in a favorable European country. Malta (where Binance recently opened office), Switzerland and Belarus had all come up, but no decisions were being made as to where. They went as far as looking into the intricacies of opening bank accounts and offices if necessary in these European locations, but it has not moved forward at this moment. More details might be released soon, and if so, it is not FUD, but a well thought out plan by Titanium. They truly thought everything through on this. After about 90 minutes, Richard and Martha were heading to the office to meet Michael and interview 2 new engineers. My takeaway from the initial meeting was that I was surprised to hear Martha had recently just met Michael that morning, in person, for the first time. I had always thought they knew each other well, Michael always acted on the telegram that he was very personal with Martha, but I soon found out he is very warm and friendly to everyone. Richard and Martha had also just recently met face to face and only knew each other from Core through the ICO. My initial impression of meeting Richard is that he does not seem phased by anything. Every amount of FUD thrown his way he seemed to brush off with his answer of “we did nothing wrong, the product will speak for itself”. This seems to be his true belief. He is pretty certain of whom the hacker is, and does show some emotion when discussing that. Regarding the investigation, all Richard could say was that he was told something was definitely happening and news will be released soon. He is pretty calm and collected for someone basically running the helm here. Martha seemed to have her ducks in line and was very passionate about the project. She has the high energy and the knowledge it takes to fill her position with the company. That night I met Richard and Martha in bar in LA. We had a few drinks and the topic of course turned to Titanium. Most of the discussion that we had made me super excited, as it detailed many of the future products. I recall texting “Dr Hodler” the telegram manager, that night and telling him I am loading up on more TBAR (since my trip my position has increased by 5 figures). Much of my memories of the conversation revolved around the master nodes. This is where my NDA really kicks in, so I can’t go into detail about them. I know they will be tiered and they will exist, though Richard mentioned unlike regular master nodes that we know of, because those pay a dividend and as a utility token we have to avoid paying a dividend. They will be blockchain rewards based. So token holders that have master nodes will earn block rewards. This was very well thought out. What I will say, and this was a running theme for the weekend, is that Richard is extremely brilliant. Not the nerdy brilliant, one-subject brilliant or boring brilliant but the type of brilliant that probably knows more about your profession, than you do. The Jeopardy champion brilliant. He thought of so many intricate details on every product and regarding these nodes, and this company, that his excitement, passion and intelligence made me excited. He did go into technical detail on these things, but I would never be able to explain it correctly. It was very detailed and thought out. Though after this evenings conversation, I do see why Michael mentioned Elon Musk once in a telegram chat. What I would later find out about Richard was that at age 12 he was building and taking apart computers, and probably charging more to tutor people in computers, than a doctor was charging. He is someone that can lead Titanium to the top, someone that is motivated to, desires to, has the financial ability to, financial incentive to, and someone that will certainly be a huge success story in anything he wants. I am extremely confident in him and Titanium. Everyone wants to hear Michael speak, but Richard in my opinion is really the man behind the tech here. Unfortunately, like many tech guys (or geeks, though he does not come across as that), he is more comfortable behind the scenes instead of in front of a camera and never seemed to bite on my idea of getting him to do weekly video updates. The next day we met at the Blockchain conference. It was not a great conference, but I did end up meeting 3 guys from the LA office, the amigos as Richard would say. They seemed excited to be working for Titanium. They were all intelligent and high energy, amicable and knowledgeable on this space. They were open to doing whatever it is that Richard asked of them. They were however not engineers and are part of the admin team working with Michael out of the LA office and they were there to help network with some of the youtube speakers at the conference and to get TBIS name out. Eventually one of the guys, Alex, got us in the backroom with the main speaker and a youtube personality that I follow. I was excited that this happened however that youtuber seemed only interested in how we could help him, and since his future ICO seemed like shit to me, that was not gonna happen. One takeaway was that I was a little dismayed at the teams elevator pitch. Hopefully in the future if they get to sit down with a big player off-the-cuff like that, it would be a bit more organized. I know it was the first time something like this might have happened, so next time hopefully they prepare better. Sales is extremely important in this space, and being able to spew EXACTLY what you need, what you do and how you do it, all within 30 seconds, has to be practiced. I can tell it was not. It did not matter because this guy was a dud, even though he was a main youtuber, it just goes to show these youtubers just are out only for themselves. Interestingly, in later conversation, I asked if Titanium ever paid “Supoman” and I was not surprised to hear that they 100 percent never had. Our next stop after the conference was to head to the new office to meet Michael. One of my many reasons for investing into the ICO was because this was a USA based company, something located close enough that I could visit if I needed and because of Michael. When I first met Michael, I could see he was extremely well liked by his staff. A few of the guys that I met had come along to the office, and he hugged them when he saw them and seemed to be very warm, friendly and easy going. I have only heard great things about Michael from people that know him and worked with him and I remember our conversation on the phone after the hack how he seemed pleasant even in crisis. He was very professional as well as friendly, we shot the breeze a bit. It was mostly small talk. I had wanted to bombard him with a bunch of questions, but at the time, it didn’t seem appropriate as I was not one on one with him. Richard had already told me there was an investigation going on, but that it was secret and unless I could get alone with Michael I foresaw that was not going to be answered. He definitely seemed more the sweet, caring, puppy loving, family loving, honest and easy-going type, rather than anything else I could have imagined. I didn’t see any ‘snake oil salesman’, ‘used car salesman’ type at all. In fact, how this guy could have any enemies anywhere actually is surprising. I immediately liked him and could see why he would be good in sales. I assume anyone that does not like him, has clearly never met him. When I thought about the office, I envisioned it where every techie developer on the team would be flown in worldwide, living out of a commune together and working 24/7 on Titanium. I envisioned team brainstorming meetings in a huge conference room with 100s of people running around. Well this I have come to understand is not what happens in the real ICO world. Titanium has a really nice office (the new carpet smell was prevalent) though it was not set up completely. It is perfect size for a start-up and I suspect mostly will be Michael’s home base /private office. Especially since Richard said he was not only not moving to LA, but that he was opening up his own office in Oregon (apparently Eugene is a tech town). Much to my dismay, the LA office is just not going to be an active hub of developers and engineers burning the midnight oil. What I have come to know is that the best developers and engineers, just don’t live in LA, nor do they want to, and I can definitely understand that. So, although Richard interviewed a few developers the day before, that might work in the office, he even said they could probably work from home (after implying he was hiring them). The LA office will house most of the admin people working for Michael and possibly the future sales staff, but really won’t be much of an active office with engineers working so anyone wanting that 24/7 camera set up in the LA office, I have given my two cents that it is stupid idea and a complete waste of time, money and energy as there will not be people burning that midnight oil like I suspected. Previously, Richard had mentioned to me and to the telegram group that they have hired about 40 contractors and subcontracted engineers and Michael agreed with that statement when I brought it up. Richard has also told me they are hiring up to about 60 in total. I was pleasantly surprised to hear such a large number. He said they will be located worldwide and did mention what cities he was advertising in, but I have since forgotten. For the most part, people working for Titanium, will work remotely. Richard did state that anyone working for TBIS moving forward will be solely employed exclusively by TBIS and not allowed to work on any other project but ours. That was also refreshing. Other things that were discussed with Michael was the FUD group. Again, I found it interesting that Michael did not seem to care too much about this group. I was under the impression he did not even know much about them at all. Seems the team doesn’t feel they have anything to worry about. The common theme is that they are a utility token, a product, sold to the public for future use in their ecosystem. When asked by me if they thought about getting a cease and desist on the group, they shrugged off the idea. Interestingly, everyone that bought into the ICO is now up money on TBAR compared to ETN, ETH and probably every other coin used to purchase BAR (unless fiat was used) Titanium is trading spectacularly compared to the rest of the market. One last thing that happened in the meeting with Michael was that when I revealed someone wanted me to reach out to the ex CTO for a conversation with him, Michaels demeanor completely changed. He went from a smiling happy guy shooting the breeze about the office furniture, to a complete 180 turn, becoming a stern father figure telling me exactly not to go play in shit. Basically, he gave me warning that it would be a bad idea and lets just leave it at that. That night we ended up going back to Richards Airbnb. We all played a bit on the telegram and chatted about how inexpensive TBAR was. It was here that one of the main team members that I was with went on IDEX and purchased 12,000 TBAR after confirming the price was just too cheap at .25 cents. I also was told that recently another main team member bought a larger amount of TBAR in the 40 cent range. That was confidence building for me. Then it came up that immediately after the hack happened Richard and Martha confirmed that Richard went through ALL 22000+ wallets, one at a time, to take a snap shot of each wallets BAR holdings, to know who had what at the time. This took many hours. I was impressed. It seems that he has a lot of passion for this company and desire for it to succeed and, also that he doesn’t mind taking a back seat to all the work he does. I felt at that moment that I should write a little blog about my trip so that others can see how much work these guys are doing. Martha is also completely on the ball. She is overwhelmed I am sure with her duties, but seemed to handle everything perfectly in stride. She is also very intelligent and has her Master’s Degree in Communications from an amazing school. So even though she came from CORE, seems she is a great fit for the job. Sunday afternoon we spent a little time going over some questions that were asked of me on the telegram chat. Much like some of my blog, some of the issues and questions have already been resolved. I apologize it took me so long to get this out. I do want to make clear, the purpose of my trip was not for me to get answers to certain questions, it was for me to meet the team, see real substance, and get a better understanding of Titanium, it was not a Q and A session for me. It was about absorbing and getting a feel for TBIS. It was for myself and not really to make this blog. I am not technical, so I could not dig too deep into technical details, if you want those answers, hopefully the new Q and A weekly newsletter will answer those for you. I am under an NDA so some of the questions or concerns that I might have answers to, are tough for me to relay. But here are a few paragraphs of what came from these questions. As far as partnerships are concerned, Titanium is obviously seeking out many strategic partnerships, but the product is high priority right now. Politically it is hard to discuss potential partnerships before they actually happen, so there was no set name of a partner that was mentioned. Nor did I ask. This seemed to be the theme with exchanges as well. There was a mention to me of a few exchanges that were seemingly definitely coming, but they cannot be revealed by me because there are NDA’s with those exchanges and of course things could change. I assure you from what was randomly said to me, possibly by accident, there is a real great one coming. But again, that can always change. Product completion is imperative for acquiring customers as well, but I was happy to hear Richard and Michael are flying to Thailand to meet with a potential customer. That seems to be something Michael mentioned in a video and it was confirmed with me that it was indeed definitely happening. As for seeing Michael more, Michael is now focused on the big picture of Titanium as a whole and will be fostering past and new relationships and partnerships for the most part. Due to this he won’t be available as much for video interviews going forward. Hopefully that changes, but the team feels that it is a positive for him to concentrate on the connections he has first and foremost. Masternodes will be tiered and might be set up like block rewards as opposed to dividends. The larger the amount of tokens, the more possible rewards could be earned……. No word yet on how many tokens are needed for MN, rewards will be based off the new token and not TBAR. 10,000 was recently confirmed as one tier. The way it is set up, the # of tokens will not be diminished in our lifetime, I am not sure exactly where this supply is coming from but when I asked where do the never ending supply of blockchain rewards come from, I was told, block rewards are similar to how bitcoin works and the economy is designed to last longer than any of our lifetimes. Tbar will not be minable. There are plans to un ban everyone that has been banned in telegram and start a new slate, once things clear up with all the TBAR HITBTC nonsense. It might be read only or they might open it back up with a short leash, but that is definitely on the agenda. I myself will probably unban everyone banned to read only shortly. There are no patents at the moment- can’t really patent some of this kind of software but if they can they will try. They are looking into all IP patents however, and any patents they can get, they certainly will. Technical whitepaper- a new version is coming with more tech specs and with a tech write up but not how things will work, that isn’t going to be released. No public github but Richard will write a readme writeup for github explaining their open source stance. Some will be open source but it takes longer to open source. Companies often do this. Telegram for example has their app open sourced and some server tech but not all of it. Titanium is concentrating on only hiring the best people around. When asked exactly how many are currently hired full time the answer was- there were already 35 direct hires and they have some contract employees working on a couple of the projects with them (I guess this is the 40 total mentioned before). The website is being redeveloped because it was still in control of the ex CTO, who actually might have crashed it multiple times and took the ICO site offline a few times. Hmmmm, interesting. Some of the new projects will have one-of-a-kind technology. Some were explained in depth and sound awesome… As far as competitors go, Richard seemed happy that Google and others have been very clear on what they will be creating and he says it is not anything like what TBIS is doing. Here are some other direct questions answered briefly. How can long term holders be rewarded? Staking of their tokens for services as well as Master Node options. Is there an ever a reduction of supply? Burning is being heavily considered as services are being paid for. Premium Michael promised after the hack? ICO supporters will have something. It is not solidified yet, the team can’t wait for ICO buyers to hear about it in the official announcement. When can we expect a working product? They currently have working versions of their product and it’s constantly evolving. Open Betas and Alphas are upcoming but I couldn’t get exact dates yet. Apparently, software design is often tricky but they have a good team and always hiring. As far as some past FUD I would like to answer. Many brought up the home address as the address of record on TBIS website and incorporation. Those of you who question this have clearly never set up a small business in the USA. The process is simple. You can NOT lease an office without a corporate bank account, you can NOT get a corporate bank account without incorporating and you can NOT incorporate without an address. It is all one big catch 22. So, the VAST majority of business have 1 or 2 options. One is to use a home address or maybe a PO Box though I don’t think that is allowed in my state, the other option is to pay a ‘registered agent’ to collect your mail and use their random address. This is what a lot of companies do, but it costs money and there is no need for it. There is absolutely NO FUD nor concern that TBIS used a residential address as their initial address. All of my businesses have been incorporated at a residential address. Also, I ran a background check on the 5 current and an ex main player of Titanium and 4 of the 5 background checks (the 4 current and new employee) were clean as can be, completely stellar, the 5th was not. I also have a friend that works for the FBI. She is a psychological forensic profiler. Now I personally do not have an answer to whom was contacted regarding the hack, but my FBI friend said there is no chance, zero chance that the FBI will discuss any ongoing investigation with any Joe from the general public. She went on to say, unless you are an interviewed suspect or the victim, you would not be told about an ongoing investigation. She was very adamant about this. Even stating, “Do you think they would have fielded your call about Madoff?” However, she went on to say that the FBI would be the wrong people to contact regarding a crypto hack and that a private company that specializes in this stuff would be better, as FBI agents (in her words have no clue about this stuff) and make about 1/3 what a private company would pay their hackers. So, this sums up my visit. I learned many things and I hope I could help you with some of your questions. I know I could not answer the whodunit question nor give a price prediction of the future of TBAR, nor resolve HITBTC for you, sorry. One of the most important things I realized is that this is truly a startup. If you are looking for a quick buck it is probably not happening. I think this frustrates many of you, causing unnecessary FUD. Much like my newborn stretching and kicking and making awkward faces, Titanium is in the newborn phase doing similar things. Finding their strong points, falling down a little, scratching themselves and even maybe a little crying / firing. Eventually, like my son, things will fall into place and what we will end up with is a very successful operation because all the groundwork is being laid right in front of our eyes. I was privileged to see the office blueprints, hear conversations about the hiring of team members, meet the CEO, hear about other offices being started, and the intricacies of products that are being built. I believe that once they overcome the hack and hitbtc and the fud, things will be smooth sailing when they can truly focus on all things positive. Those that are interrupting this process are like the big dumb schoolyard bully that doesn’t realize that instead of picking on the cool nerdy kid, they should join forces with this kid, help him off his feet as this will one day grow into something extremely successful. But like the big dumb bully, unfortunately you just can’t reason with stupid.
Nice Article About How HPB Perform Vs EOS (and so ETH)
How does OceanONE define Exchange 3.0? How to do 1 second transfer, 0 transaction fee trading experience?
If mines and centralized exchanges used to be the protagonists of blockchain era, then decentralized exchanges are likely to bring value interconnections to various fields, and decentralized transactions are highly transparent and extremely strong. The anti-risk ability, and most of today’s decentralized exchanges are only in the initial stage of development, the product experience can not meet the core needs of users for the transaction: security + simple + fast . OceanONE combines the advantages of a centralized and decentralized exchange and will be the pioneer of the Exchange 3.0 era.
Exchange Evolution: How will OceanONE define Exchange 3.0?
Looking back at the 1.0 stage of the exchange, the centralized exchange is widely welcomed by users because of its efficient transaction, convenient operation and high liquidity, but there are also hidden security risks behind it. In the face of hacker attacks, many exchanges have caused significant losses. For example, the famous MtGox incident not only caused users to suffer huge financial losses, but also indirectly caused the price of the currency to fall. The overall market loss far exceeded the loss of book capital. Even today, whenever the bitcoin of the account is sold off, it causes the market a certain range of turmoil. At the current stage of the Exchange 2.0, decentralized exchanges have gradually been reached by more people, and its emergence is mainly to solve the risk of the current centralized exchange. However, to be completely decentralized, efficiency is relatively low compared to current centralized exchanges. First of all, in terms of security, more than 99% of transactions are currently realized through centralized exchanges. Therefore, the centralized exchanges hold so many digital currencies, which means that they will become the scams of hackers. There is a high risk of funds. Secondly, in terms of technology, the scalability of decentralized exchanges has not been resolved, so the transaction speed is relatively slow, and the Ethereum network often encounters congestion.
What are the advantages of OceanONE compared to centralized exchanges and decentralized exchanges?
The comparison between OceanONE and the Centralized Exchange is as follows:
1) The user recharges from the imToken or other digital asset wallet to the OceanONE account for trading. If there is a certain risk, the user loses most of the assets of the pending order and protects the security of the assets in the user’s wallet. 2) “0” transfer cost , the user transfers to OceanONE through the Mixin Messenger wallet for pending order transaction, the transfer process is 0 fee. 3) “1” seconds to the account experience, the user transfers the money to the OceanONE through the Mixin Messenger wallet for the pending order transaction, the transfer process is completed in 1 second.
The comparison between OceanONE and the decentralized exchange is:
1) High transaction depth, able to handle high concurrent orders, and real-time transactions. 2) High usability : The user’s mobile phone number is the account number, and the registration process is very simple. The user only needs the mobile phone number, verification code and six-digit PIN code to use. 3) Full currency support : Support BTC / ETH / EOS / XRP / ETC / SC / BCH / LTC / DASH / DOGE / ZEC A total of 11 public chains, more than 40,000 + currency.
How can OceanONE balance efficiency and fairness, be safe and convenient?
OceanONE is a decentralized exchange based on the Mixin Network, providing users with a transparent and secure trading experience.
The Mixin Network has the following features:
Verifiable security : The Mixin Network code is open source, decentralized distributed ledger, multi-signature address and fragment key sharing, and TEE hardware executable environment can verify network security.
Completely free : ordinary users use Mixin Network for free, the entire network transfer 0 handling fee, compared to BTC / ETH, etc. have an absolute advantage.
3, unlimited network throughput can achieve large-scale commercial applications : Mixin’s accounting method uses DAG mode, which can effectively solve the delay problem of blockchain packaging. The network transfer confirmation speed reaches the second level, supporting the billion-level TPS to meet the business-level needs. web - https://mixin.one/
"The Silicon Ideology" Fundamentally fails to understand neoreaction (and basic chronology)
Posted on a throwaway due to the Author's insistence on using Doxxing against their political opponents May Rule 1a defend me, for I myself hold positions that BadPolitics loves to shit on (No, that position isn't being pro-Neoreaction, for I am firmly anti-Neoreaction)
People of all ideological identities are welcome to post here. Ideologies may be based on wrong facts, but for the purposes of this subreddit, no ideology is wrong by itself. We are here to mock wrong facts, not wrong opinions. As such, posts mocking people for their ideology or political beliefs will be removed.
The Silicon Ideology is an article in Journal format from an unknown author (they used a pseudonym). It is being trumped up as the go-to guide on the emerging political phenomena of Neoreaction. Unfortunately, it suffers from a very severe case of "All my political opponents are the same thing", as Marxist polemics against non-Marxist political theories often do. It's better than a lot of other attempts to analyse Neoreaction because it has the occasional correct observation, but not by much. I shall skip to part 4 because I don't see much worth in criticizing Neo-Marxist understanding of Fascism separately.
Neo-reaction is a 21st century variant of fascism: a new ideology that values stability, order, efficiency and "good governance" above all, or claims to.
For reasons that will be covered later, it will become clear that trying to lump Neo-reaction in with Fascism doesn't work.
Comprehensive list of the backbone of neo-reactionary values part 1, transhumanism
I wouldn't say it's a backbone, but sure, that's ok.
part 2, form of government
Mostly correct. Eric Schmidt, Elon Musk or Peter Thiel are often given as an example of what a ruler should look like. Given the lack of any political organization beyond blogging, any proposal to actually make one of these a leader isn't serious. I cannot find any indication on the claim that Neo-reactionaries hope to become the aristocrats themselves.
part 3, the Cathedral
I would have listed this first. Doesn't go into enough detail to criticise anything here.
part 4, Nationalism
Misunderstands that Nationalism has to do with Nationality and not Continent of Birth. Misunderstands the conception of why Neoreaction considers (Insert group here) better. See Moldbug's comment on "IQism" here to see the lineage of Neoreaction's apparent preference for certain ethnicities. Like typical racists, Neoreactionaries believe that certain races are more intelligent than others. Unlike typical racists, Neoreactionaries do not believe that intelligence should determine how successful people are. Indeed, Moldbug even argues that our societies have simply replaced overt racism with a subtler racism via discrimination towards the less intelligent (which just so happens to correlate strongly with race according to moldbug). It is from this that Neoreaction's bizarre appearance of East Asian "nationalism" appears. Some Neoreactionaries, despite being of European descent, believe that East Asians are more intelligent. It may look the same on a cursory glance, but this distinction is, in fact, one of the defining features of Neoreaction, so for the Author to get this wrong is a massive error. Note that I am not saying Neoreaction isn't racist, it's just a different kind of racist.
Part 5, economics
The authors lumping together of the disparate, unrelated Austrian and Chicago economics proves that they understand neither. Austrian and Chicago economics occasionally advocate the same policy (free trade). They disagree on far more. Most importantly, Austrian economists oppose Fiat Money while Chicago economists place extensive focus on governments issuing fiat currency and see it as perhaps the most valuable tool the government has available to it for management of the economy. They are not linked by methodology. Nor are they linked by History: Chicago Economics is a descendant of Keynesian economics. Once again, a standard case of a Marxist analysis treating all non-Marxists as identical.
Part 6, extreme misogyny
Varies by specific author. To give one example, I see nothing from Moldbug that endorses rape. What little he says on the subject is actually via quotation criticizing liberalism as endorsing rape during wartime. Given this variation, I find it hard to place misogyny to the extent the author describes here as a backbone of Neoreaction. It may well be very strongly present, but "backbone" implies that Neoreaction would cease to be Neoreaction if you removed it.
Part 7, Warhammer 40,000
A bunch of video-game related in-jokes do not a backbone of an ideology make.
Part 8, an obsession with Cuckoldry
Trump Supporters are not Neoreactionaries, but I'll get to that later.
and the blogs of the main theorists of the movement
Correct, though I wouldn't call it a movement due to the total lack of political campaigning or advocacy.
And the alt-right pole
Time to win me some downvotes. Alt-right is a term that has, within a handful of months, been abused and twisted into utter uselessness in an attempt to describe and/or insult Trump. Alt-right is a catch-all term for any non-mainstream Conservatism in the US, typically that which avoids associating with the Republican Party. To describe alt-right as a subset of Neoreaction is grossly incorrect. The truth is that Neoreaction can be seen as a subset of alt-right but the term alt-right in itself is US-Centric and really shouldn't be used to classify political ideologies themselves because it refers generally to non-Republican Conservatism in the US. To really hammer the point home, the term "Alt Right" predates Neoreaction significantly so unless you're suggesting Moldbug is a mysterious magical time travelling fascist, Alt-Right cannot be a branch of Neoreaction.
neo-reactionary ideas are quite common in Silicon Valley
Without data here it's hard to say what the author means by quite common.
Transhumanism I define to be a collection of movements aimed at improving and enhancing humanity through technological means. Almost immediately, we see a precursor, and one which influenced the previous reactionary ideology of 20th century fascism: eugenics.
This is the most damnable lie in the entire piece. Eugenics is an ideology that originated in the 19th century, not the 20th. At the latest, Sir Francis Galton coined the term "Eugenics" and described it in 1883, although almost certainly one could find proto-eugenicists prior to 1883. Hence we come to another case of mysterious magical time travelling fascists. Fascism as an ideology didn't exist in 1883. Even proto-fascism isn't present at such an early date. No, the early adopters of Eugenics weren't Fascists. It was Socialists in the UK. Figures such as Sidney Webb and Beatrice Webb, who founded the Fabian Society, were notable campaigners for Eugenics. This is well documented. http://eprints.lse.ac.uk/3079/1/Eugenics_(LSERO).pdf Side note: at this point I've matched the number of citations in the original source.
But let us not tar all transhumanism with eugenics, though it must carry it's historical burden
It's not Transhumanists that need to carry it's burden. They weren't responsible for it's crimes. Those would be actual fascists and Fabians.
though the more homophobic and transphobic element are looking for biological bases for gay-ness and trans-ness to include them here.
I'm sure those scientists researching the mechanisms behind Transgenderism and Homosexuality will be pleased to hear these crass, derogatory comments from the author. The errors in the section on Transhumanism are even more numerous than presented here, but as it's not the central topic of this article i'm going to move on. The Historical Origins of Neoreaction
The proportion of Neoreactionaries in Gamergate is minuscule as to be non-existent. Indeed, there's not even enough Neoreactionaries to make up a significant part of Gamergate even if they were all involved in Gamergate. Thankfully, the author averts accusing Gamergate of time travel here.
Raymond piggybacked off of Stallman's concept of free software to create a version more appealing for corporations: open source.
Unsupported motive assumption.
for here can be seen the origin of the neo-reactionary term "Cathedral" - it is in the title of Raymond's essay "The Cathedral and the Bazaar", though the meaning was somewhat different, referring in Raymond's essay to a centralized model of software development.
"Somewhat Different" is the understatement of a lifetime. Those meanings aren't related at all. It looks like the Author here just searched for someone using the term "Cathedral" in the 90s and chucked in the first mention of it as the source of the term. The source of the term "Cathedral" is actually made vaguely clear by Moldbug.. It's just a term used to describe the dominant dispenser of information. The original term for the Cathedral is likely Moldbug's Ultracalvinist hypothesis, so to follow that up a year later with a Church metaphor is unsurprising, and is almost certainly a Moldbug original.
The Bell Curve
Controversial? Yes. Flawed? Of course. But to blanket it as a "psuedo-scientific work" is to overstate the criticism here. It's heavily disputed, and to simply paint over that dispute with a "It's wrong" is inaccurate, especially without citation
Again, the author slanders a field of research they seem to not know anything about. The author should at least cite something here instead of taking "It's wrong" as a given.
The Economist is Libertarian
No. The Economist is Classical Liberal. See this comment by PepeLinux. They have classical liberalism as their foundation but refer to themselves as "radical centrists" or "true progressives"
I can speak to this firsthand, as I know many people who do this
Care to cite any? No. Ok.
Dark age of comic books is a source of neo-reaction
This is so stupid as to be barely worth my effort.
The God Emperor of Mankind
Is a meme from a kitschy British Tabletop Wargame community. The Imperium of Man is very consistently shown as an inept, poorly managed chaotic mess of a government that can't even figure out what planets it still owns, hardly a model Neoreactionary system.
Wolfenstein 3D, Doom, Quake and Half-Life
Anyone still taking this work seriously at this point should reconsider their presence on this subreddit. This is "Heavy Metal is actually Satanic" Tier moral panic.
South Park Republican is a precursor to Alt Right.
Guess we are going to have to go further back historically than google trends. This should do. Came to prominence by 1992. South Park began in 1997. Those damn mysterious magical time travelling fascist south park viewers. Going back in time to 1992 and inventing the Alt-Right.
Orion's Arm is NRx-er's Future Visions
Here the author completely mixes up Rationalists (Eliezer Yudkowsky onwards) and Neoreaction (which makes up a mere 2% of people present in the Rationalist community).
Irrelevant comparison of Pinochet and Patriot Act based on them sharing a date on a calender
New Atheists were invented to justify Islamophobia
Anyone with even a cursory understanding of the background of New Atheism would know that their primary target has long been Evangelical Protestantism.
The science wars of the late 90s and Alan Sokal.
Someone's bitter at catastrophically losing the science wars.
Bitcoin and Austrian Economics
True hardcore Austrian Economists would be unfavourable towards bitcoin as it's still a fiat currency. However, I understand (as, hopefully, so does the author) why certain people who gravitate at the fringes of Austrian Economics but don't study it in-depth might like Bitcoin.
Author drops what they're doing to insult Libertarians as not respectable
If this is indeed the quality of work by those who backed the anti-Sokal side of the Science Wars, then no wonder they lost catastrophically.
Author drops what they're doing to insult Ludwig von Mises
sigh... get on with the fucking point.
Chicago School is tied too closely with the crisis.
The dominant Economic school in 2007, and today, is "New Keynesian". Again, demonstrating that the Author here doesn't actually know what they are talking about regarding economics and is just using "Austrian" and "Chicago" as snarl words for "Bad thing".
Author drops what they're doing to shoehorn in the Koch Brothers somewhere
Get on with the fucking point.
Sudden jump to Curtis Yarvin mid-paragraph on LessWrong
Needless to say, this betrays how weak the link between these subjects is.
though he [Mencius Moldbug] did not call himself, initially, "neo-reactionary": he preferred to call himself a "Formalist" or a "Neocameralist" (after his hero, Frederick the Great).
Correct, but this isn't exactly worthy of congratulations.
Later in the speech, Srinivasan went through the whole gamut of neo-reactionary ideas: Bitcoin, corporate city-states, 3d-printed firearms, anti-democratic transhumanism.
All of these ideas predate Neo-Reaction. Nor are these ideas limited to Neo-reaction. I These fucking mysterious magical time travelling fascists.
Neo-reaction grew immensely outside of it's Bay Area base in the wake of the financial crisis
We have no data on the number of supporters of Neo-reaction. However, we do have some data on how much people were searching for it online. The conclusion is... Neoreaction didn't even show up on the radar until 2013, and immense growth in interest in the movement only occurred once inept journalists started scrambling around for an explanation of Trump's rise to prominence.
Right-wing media blamed teachers and immigrants [for the financial crisis]
No. It did not blame teachers for the financial crisis.
Liberal Claptrap Nonsense
Again betraying the distinctly unprofessional, unacademic nature of this work.
Lets wave around our hate boner for the IMF
Great, but can you get on with the fucking point again?
Origins of 4chan
The author probably should have mentioned that 4chan was effectively a split from SomethingAwful, something which I feel is essential for any description of 4chan's early history.
surrounding racism, misogyny, homophobia, and transphobia was the centrepiece of the culture.
Go tell that they're homophobic. They will have a laugh.
and so the userbase quickly became limited to young white cis straight men
Go tell that they're cis straight men. They will have a laugh.
Stormfront took over 4chan.
This is indeed vaguely correct, but it underestimates just how underhanded this takeover was. It was not a natural migration. Stormfront had long made deliberate effort to infiltrate various communities (including 4chan) with it's ideas. The most obvious calling card for a Stormfront attempt to infiltrate something is the phrase "Anti-Racist is code for Anti-White".
Harassment tactics originated on USENET
Actually, these Harassment tactics originated on SomethingAwful, which is how 4chan ended up inheriting them.
women, people of colour, and LGBT people always had played games.
Indeed, this shouldn't even need to be stated. A good example of a prominent early LGBT developer would be Danielle Bunten Berry.
Gamergaters are annoyed at games not about war or technology
No. This is not the kind of game that Gamergaters got annoyed about. If they did get annoyed about any specific kind of game, it was Advocacy Games and the genre known as "Interactive Narrative Experiences" or something to that effect, or more colloquially called "Walking simulators".
Called for serious critique and then called against serious critique
Critique of Critique is legitimate Critique.
Precedents of Gamergate
They missed out Doritosgate.
Fish disappeared from the internet.
The disappearance of Phil Fish is a bit more complicated than "Gamergate did it" and it mostly happened in 2013 after telling someone to kill themselves. Them mysterious magical time travelling fascist gamergaters! Indeed this entire section appears to be severely out of chronological order but I'm just going to move on because i've already covered how almost entirely irrelevant Gamergate is to NRx.
LGBT people in gamergate don't exist and are all sockpuppets.
You're currently reading a text written by a bisexual individual who is vaguely, slightly pro-gamergate. This author is alleging that I don't exist. Talk about bisexual erasure.
Soon, the neo-reactionaries noticed, and affiliated themselves with GamerGate:...
They began to pressure advertisers and Wikipedia, among others, and attempted to hijack the Hugo Awards through the Sad/Rabid Puppies campaign
Sad puppies doesn't come from Gamergate. This can be demonstrated simply by looking at the date of formation of the Sad Puppies voting campaign. It was formed in January 2013, while Gamergate begun in 2014. Those evil mysterious magical time travelling fascist goobergaters!
When his [moldbug's] past was brought up by concerned people of colour
Which incidentally gave Neoreaction the largest dose of adrenaline it has ever received and, unfortunately, staved off it's passage into obscurity and total irrelevance (instead of just being almost totally irrelevant).
"sometimes I think Mencius Moldbug is the greatest living political thinker".
Strangely, not too far out there. His ideas may be absolutely abominable, but who else in the 21st century can claim to have almost single-handedly founded a new political ideology: Not many. "Great" should be taken as "Influential", not "Good".
The alt right converted Tay into a Nazi.
Given the Black-box nature of Tay's programming and learning systems, it's not actually possible to verify any of this.
Schizoanalyst (or a Psychoanalyst)
Given the author's prior criticism of Psuedoscience, it seems comical to bring up Psychoanalysis here.
In order to contain the alt-right, we must stop this.
The first step to stopping the alt-right is good criticism of the alt-right. Same with Neo-reaction. Unfortunately, this isn't it. Praxis
Fascism can't be defeated by debate
Fascism was significantly removed from post-War Germany not because all the Nazis were dead, but because of the process of Denazification, which indeed used debate techniques such as emphisizing the moral responsibility that low-level Nazi supporters (such as your average voter) had for the crime. Stuff like this (warning corpses). Fascism wasn't defeated by rounding up everyone who ever supported Hitler and gunning them down (or beating the shit out of them). Indeed, to stoop to the level of political para-militarism to defeat fascism is to accept fascism itself, for political intimidation and "cleansing" of the opposition through para-militarism is essentially Fascism's defining feature.
Lets doxx all the Neoreactionaries.
There's that "Fight paramilitarism with paramilitarism" tactic I just mentioned. Oh dear. How predictable. Repeated errors that aren't from a specific passage Treating 4chan as a monolithic culture is idiocy. Postings on about cute girls doing cute girls has little to do with Neoreaction, to give the most obvious example. Actually, that makes me curious as to what the Neoreactionary position on non-progressive-originating acceptance of Homosexuality (such as the Yuri Genre) is. Also, as this very sub is on reddit, it should be quite obvious that reddit isn't monolithically Neoreactionary. Indeed, neoreaction presence on Reddit is almost entirely non-existent. Seriously, go look for their core subs. They are basically graveyards. Mixing up Gamergaters, Trump Supporters, Alt-Right, Neoreactionaries, Libertarians, Transhumanists and Social Conservatives, Austrian Economists, Chicago School and Anarcho-Capitalists (unmentioned) occurs throughout. The author appears to be unable to conceive of any of their opponents actually holding different views from each-other and just throws them all into the same pot, wildly swinging from term to term with such wild abandon that by the end the terms are reduced to vague insults instead of useful definitions. Neoreaction is shit. Bad criticism of Neoreaction only makes it stronger Like Neoreactionary blogging itself, this article consists of a mix of largely gibberish, with only the occasional factoid managing to glitter through the incoherent gish gallop muck surrounding it. It can't even get basic chronology correct, making repeated errors where it states groups were created by groups that were founded later than their own founding. The best counter to Neoreaction remains this article written by a member of the LessWrong Diasporia (yes, that same LessWrong that the author slandered as being Neoreactionary). By being willing to engage with them, they've already done your work of discrediting Neoreaction for you.
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