Bitcoin loving Kanye West renews 2020 push to become US

Twitter hack: FBI investigates major attack

Twitter hack: FBI investigates major attack


The FBI has launched an investigation after hackers hijacked Twitter accounts of a number of high-profile US figures in an apparent Bitcoin scam.
"The accounts appear to have been compromised in order to perpetuate cryptocurrency fraud," said the bureau, urging the public to be vigilant.
Elon Musk, Bill Gates and Joe Biden were among those hit in what Twitter said was a "co-ordinated" attack.
Their official accounts requested donations in the cryptocurrency.
"Everyone is asking me to give back," said a tweet from the account of Mr Gates, the Microsoft founder. "You send $1,000, I send you back $2,000."
The US Senate Commerce committee has demanded Twitter brief it about Wednesday's incident by 23 July.
Twitter said the hackers had targeted its employees "with access to internal systems and tools".
"We know they [the hackers] used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf," the company said in a series of tweets.
It added that "significant steps" had been taken to limit access to such internal systems and tools while the company's investigation continues.
The tech firm has also blocked users from being able to tweet Bitcoin wallet addresses for the time being.


The UK's National Cyber Security Centre said its officers had "reached out" to the tech firm. "We would urge people to treat requests for money or sensitive information on social media with extreme caution," it said in a statement.
US politicians also have questions. Republican Senator Josh Hawley has written to the company asking if President Trump's account had been vulnerable.
President Trump's account was not compromised, the White House said.
The chair of the Senate Commerce committee has also been in contact with Twitter.
"It cannot be overstated how troubling this incident is, both in its effects and in the apparent failure of Twitter's internal controls to prevent it," Senator Roger Wicker wrote to the firm.
One cyber-security expert said that the breach could have been a lot worse in other circumstances.
"If you were to have this kind of incident take place in the middle of a crisis, where Twitter was being used to either communicate de-escalatory language or critical information to the public, and suddenly it's putting out the wrong messages from several verified status accounts - that could be seriously destabilising," Dr Alexi Drew from King's College London told the BBC.

Emergency response

Twitter earlier had to take the extraordinary step of stopping many verified accounts marked with blue ticks from tweeting altogether.
Password reset requests were also being denied and some other "account functions" disabled.
By 20:30 EDT (00:30 GMT Thursday) users with verified account started to be able to send tweets again, but Twitter said it was still working on a fix.


Dmitri Alperovitch, who co-founded cyber-security company CrowdStrike, told Reuters news agency: "This appears to be the worst hack of a major social media platform yet."
On the official account of Mr Musk, the Tesla and SpaceX chief appeared to offer to double any Bitcoin payment sent to the address of his digital wallet "for the next 30 minutes".
"I'm feeling generous because of Covid-19," the tweet added, along with a Bitcoin link address.
The tweets were deleted just minutes after they were first posted.
But as the first such tweet from Mr Musk's account was removed, another one appeared, then a third.
Others targeted included:
  • reality TV star Kim Kardashian West
  • former US President Obama
  • media billionaire Mike Bloomberg
  • the ride-sharing app Uber
  • the iPhone-maker Apple
The campaign of Joe Biden, who is the current Democratic presidential candidate, said Twitter had "locked down the account within a few minutes of the breach and removed the related tweet".

Instagram message

The BBC can report from a security source that a web address - cryptoforhealth.com - to which some hacked tweets directed users was registered by a cyber-attacker using the email address [email protected].
The name "Anthony Elias" was used to register the website, but may be a pseudonym - it appears to be a play on "an alias".
Cryptoforhealth is also a registered user name on Instagram, apparently set up contemporaneously to the hack.
The description of the profile read "It was us", alongside a slightly smiling face emoticon.
The Instagram profile also posted a message that said: "It was a charity attack. Your money will find its way to the right place."
In any case, the real identities of the perpetrators are as yet unknown.


Cameron Winklevoss, who was declared the world's first Bitcoin billionaire in 2017 along with his twin brother Tyler, tweeted a message on Wednesday warning people not to participate in the "scam".


In the short time it was online, the link displayed in the tweets of targeted accounts received hundreds of contributions totalling more than $100,000 (£80,000), according to publicly available blockchain records.
The Twitter accounts targeted have millions of followers.


Last year, Twitter chief executive Jack Dorsey's account was hacked, but the company said it had fixed the flaw that left his account vulnerable.
Dr Drew recently co-authored a paper warning about the potential of Twitter being used to sow disinformation.
She said the latest incident highlighted the need for all major social media platforms to check their security measures, particularly in the run up to the US presidential vote in November.
"Social media companies such as Twitter and, Facebook all have a duty to consider the damage and influence their platforms can have on the 2020 election, and I think some companies are taking that more seriously than others," she told the BBC.
"Twitter actually has a good history of being forward-thinking and proactive in this space. But whatever the source of this attack [it seems they have] still not done enough."
submitted by Old_Lavishness7140 to u/Old_Lavishness7140 [link] [comments]

Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)

Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)
A whirlwind tour of Defi, paying close attention to protocols that we’re leveraging at Genesis Block.
https://reddit.com/link/hrrt21/video/cvjh5rrh12b51/player
This is the third post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
Last week we explored how building on legacy finance is a fool’s errand. The future of money belongs to those who build with crypto and blockchain at their core. We also started down the crypto rabbit hole, introducing Bitcoin, Ethereum, and DeFi (decentralized finance). That post is required reading if you hope to glean any value from the rest of this series.
97% of all activity on Ethereum in the last quarter has been DeFi-related. The total value sitting inside DeFi protocols is roughly $2B — double what it was a month ago. The explosive growth cannot be ignored. All signs suggest that Ethereum & DeFi are a Match Made in Heaven, and both on their way to finding strong product/market fit.
So in this post, we’re doing a whirlwind tour of DeFi. We look at specific examples and use-cases already in the wild and seeing strong growth. And we pay close attention to protocols that Genesis Block is integrating with. Alright, let’s dive in.

Stablecoins

Stablecoins are exactly what they sound like: cryptocurrencies that are stable. They are not meant to be volatile (like Bitcoin). These assets attempt to peg their price to some external reference (eg. USD or Gold). A non-volatile crypto asset can be incredibly useful for things like merchant payments, cross-border transfers, or storing wealth — becoming your own bank but without the stress of constant price volatility.
There are major governments and central banks that are experimenting with or soon launching their own stablecoins like China with their digital yuan and the US Federal Reserve with their digital dollar. There are also major corporations working in this area like JP Morgan with their JPM Coin, and of course Facebook with their Libra Project.
Stablecoin activity has grown 800% in the last year, with $290B of transaction volume (funds moving on-chain).
The most popular USD-pegged stablecoins include:
  1. Tether ($10B): It’s especially popular in Asia. It’s backed by USD in a bank account. But given their lack of transparency and past controversies, they generally aren’t trusted as much in the West.
  2. USDC ($1B): This is the most reputable USD-backed stablecoin, at least in the West. It was created by Coinbase & Circle, both well-regarded crypto companies. They’ve been very open and transparent with their audits and bank records.
  3. DAI ($189M): This is backed by other crypto assets — not USD in a bank account. This was arguably the first true DeFi protocol. The big benefit is that it’s more decentralized — it’s not controlled by any single organization. The downside is that the assets backing it can be volatile crypto assets (though it has mechanisms in place to mitigate that risk).
Other notable USD-backed stablecoins include PAX, TrueUSD, Binance USD, and Gemini Dollar.
tablecoins are playing an increasingly important role in the world of DeFi. In a way, they serve as common pipes & bridges between the various protocols.
https://preview.redd.it/v9ki2qro12b51.png?width=700&format=png&auto=webp&s=dbf591b122fc4b3d83b381389145b88e2505b51d

Lending & Borrowing

Three of the top five DeFi protocols relate to lending & borrowing. These popular lending protocols look very similar to traditional money markets. Users who want to earn interest/yield can deposit (lend) their funds into a pool of liquidity. Because it behaves similarly to traditional money markets, their funds are not locked, they can withdraw at any time. It’s highly liquid.
Borrowers can tap into this pool of liquidity and take out loans. Interest rates depend on the utilization rate of the pool — how much of the deposits in the pool have already been borrowed. Supply & demand. Thus, interest rates are variable and borrowers can pay their loans back at any time.
So, who decides how much a borrower can take? What’s the process like? Are there credit checks? How is credit-worthiness determined?
These protocols are decentralized, borderless, permissionless. The people participating in these markets are from all over the world. There is no simple way to verify identity or check credit history. So none of that happens.
Credit-worthiness is determined simply by how much crypto collateral the borrower puts into the protocol. For example, if a user wants to borrow $5k of USDC, then they’ll need to deposit $10k of BTC or ETH. The exact amount of collateral depends on the rules of the protocol — usually the more liquid the collateral asset, the more borrowing power the user can receive.
The most prominent lending protocols include Compound, Aave, Maker, and Atomic Loans. Recently, Compound has seen meteoric growth with the introduction of their COMP token — a token used to incentivize and reward participants of the protocol. There’s almost $1B in outstanding debt in the Compound protocol. Mainframe is also working on an exciting protocol in this area and the latest iteration of their white paper should be coming out soon.
There is very little economic risk to these protocols because all loans are overcollateralized.
I repeat, all loans are overcollateralized. If the value of the collateral depreciates significantly due to price volatility, there are sophisticated liquidation systems to ensure the loan always gets paid back.
https://preview.redd.it/rru5fykv12b51.png?width=700&format=png&auto=webp&s=620679dd84fca098a042051c7e7e1697be8dd259

Investments

Buying, selling, and trading crypto assets is certainly one form of investing (though not for the faint of heart). But there are now DeFi protocols to facilitate making and managing traditional-style investments.
Through DeFi, you can invest in Gold. You can invest in stocks like Amazon and Apple. You can short Tesla. You can access the S&P 500. This is done through crypto-based synthetics — which gives users exposure to assets without needing to hold or own the underlying asset. This is all possible with protocols like UMA, Synthetix, or Market protocol.
Maybe your style of investing is more passive. With PoolTogether , you can participate in a no-loss lottery.
Maybe you’re an advanced trader and want to trade options or futures. You can do that with DeFi protocols like Convexity, Futureswap, and dYdX. Maybe you live on the wild side and trade on margin or leverage, you can do that with protocols like Fulcrum, Nuo, and DDEX. Or maybe you’re a degenerate gambler and want to bet against Trump in the upcoming election, you can do that on Augur.
And there are plenty of DeFi protocols to help with crypto investing. You could use Set Protocol if you need automated trading strategies. You could use Melonport if you’re an asset manager. You could use Balancer to automatically rebalance your portfolio.
With as little as $1, people all over the world can have access to the same investment opportunities and tools that used to be reserved for only the wealthy, or those lucky enough to be born in the right country.
You can start to imagine how services like Etrade, TD Ameritrade, Schwab, and even Robinhood could be massively disrupted by a crypto-native company that builds with these types of protocols at their foundation.
https://preview.redd.it/agco8msx12b51.png?width=700&format=png&auto=webp&s=3bbb595f9ecc84758d276dbf82bc5ddd9e329ff8

Insurance

As mentioned in our previous post, there are near-infinite applications one can build on Ethereum. As a result, sometimes the code doesn’t work as expected. Bugs get through, it breaks. We’re still early in our industry. The tools, frameworks, and best practices are all still being established. Things can go wrong.
Sometimes the application just gets in a weird or bad state where funds can’t be recovered — like with what happened with Parity where $280M got frozen (yes, I lost some money in that). Sometimes, there are hackers who discover a vulnerability in the code and maliciously steal funds — like how dForce lost $25M a few months ago, or how The DAO lost $50M a few years ago. And sometimes the system works as designed, but the economic model behind it is flawed, so a clever user takes advantage of the system— like what recently happened with Balancer where they lost $500k.
There are a lot of risks when interacting with smart contracts and decentralized applications — especially for ones that haven’t stood the test of time. This is why insurance is such an important development in DeFi.
Insurance will be an essential component in helping this technology reach the masses.
Two protocols that are leading the way on DeFi insurance are Nexus Mutual and Opyn. Though they are both still just getting started, many people are already using them. And we’re excited to start working with them at Genesis Block.
https://preview.redd.it/wf1xvq3z12b51.png?width=700&format=png&auto=webp&s=70db1e9587f57d0c470a4f9f4523c216929e1876

Exchanges & Liquidity

Decentralized Exchanges (DEX) were one of the first and most developed categories in DeFi. A DEX allows a user to easily exchange one crypto asset for another crypto asset — but without needing to sign up for an account, verify identity, etc. It’s all via decentralized protocols.
Within the first 5 months of 2020, the top 7 DEX already achieved the 2019 trading volume. That was $2.5B. DeFi is fueling a lot of this growth.
https://preview.redd.it/1dwvq4e022b51.png?width=700&format=png&auto=webp&s=97a3d756f60239cd147031eb95fc2a981db55943
There are many different flavors of DEX. Some of the early ones included 0x, IDEX, and EtherDelta — all of which had a traditional order book model where buyers are matched with sellers.
Another flavor is the pooled liquidity approach where the price is determined algorithmically based on how much liquidity there is and how much the user wants to buy. This is known as an AMM (Automated Market Maker) — Uniswap and Bancor were early leaders here. Though lately, Balancer has seen incredible growth due mostly to their strong incentives for participation — similar to Compound.
There are some DEXs that are more specialized — for example, Curve and mStable focus mostly only stablecoins. Because of the proliferation of these decentralized exchanges, there are now aggregators that combine and connect the liquidity of many sources. Those include Kyber, Totle, 1Inch, and Dex.ag.
These decentralized exchanges are becoming more and more connected to DeFi because they provide an opportunity for yield and earning interest.
Users can earn passive income by supplying liquidity to these markets. It usually comes in the form of sharing transaction fee revenue (Uniswap) or token rewards (Balancer).
https://preview.redd.it/wrug6lg222b51.png?width=700&format=png&auto=webp&s=9c47a3f2e01426ca87d84b92c1e914db39ff773f

Payments

As it relates to making payments, much of the world is still stuck on plastic cards. We’re grateful to partner with Visa and launch the Genesis Block debit card… but we still don’t believe that's the future of payments. We see that as an important bridge between the past (legacy finance) and the future (crypto).
Our first post in this series shared more on why legacy finance is broken. We talked about the countless unnecessary middle-men on every card swipe (merchant, acquiring bank, processor, card network, issuing bank). We talked about the slow settlement times.
The future of payments will be much better. Yes, it’ll be from a mobile phone and the user experience will be similar to ApplePay (NFC) or WePay (QR Code).
But more importantly, the underlying assets being moved/exchanged will all be crypto — digital, permissionless, and open source.
Someone making a payment at the grocery store check-out line will be able to open up Genesis Block, use contactless tech or scan a QR code, and instantly pay for their goods. All using crypto. Likely a stablecoin. Settlement will be instant. All the middlemen getting their pound of flesh will be disintermediated. The merchant can make more and the user can spend less. Blockchain FTW!
Now let’s talk about a few projects working in this area. The xDai Burner Wallet experience was incredible at the ETHDenver event a few years ago, but that speed came at the expense of full decentralization (can it be censored or shut down?). Of course, Facebook’s Libra wants to become the new standard for global payments, but many are afraid to give Facebook that much control (newsflash: it isn’t very decentralized).
Bitcoin is decentralized… but it’s slow and volatile. There are strong projects like Lightning Network (Zap example) that are still trying to make it happen. Projects like Connext and OmiseGo are trying to help bring payments to Ethereum. The Flexa project is leveraging the gift card rails, which is a nice hack to leverage existing pipes. And if ETH 2.0 is as fast as they say it will be, then the future of payments could just be a stablecoin like DAI (a token on Ethereum).
In a way, being able to spend crypto on daily expenses is the holy grail of use-cases. It’s still early. It hasn’t yet been solved. But once we achieve this, then we can ultimately and finally say goodbye to the legacy banking & finance world. Employees can be paid in crypto. Employees can spend in crypto. It changes everything.
Legacy finance is hanging on by a thread, and it’s this use-case that they are still clinging to. Once solved, DeFi domination will be complete.
https://preview.redd.it/svft1ce422b51.png?width=700&format=png&auto=webp&s=9a6afc9e9339a3fec29ee2ae743c07c3042ea4ce

Impact on Genesis Block

At Genesis Block, we’re excited to leverage these protocols and take this incredible technology to the world. Many of these protocols are already deeply integrated with our product. In fact, many are essential. The masses won’t know (or care about) what Tether, USDC, or DAI is. They think in dollars, euros, pounds and pesos. So while the user sees their local currency in the app, the underlying technology is all leveraging stablecoins. It’s all on “crypto rails.”
https://preview.redd.it/jajzttr622b51.png?width=700&format=png&auto=webp&s=fcf55cea1216a1d2fcc3bf327858b009965f9bf8
When users deposit assets into their Genesis Block account, they expect to earn interest. They expect that money to grow. We leverage many of these low-risk lending/exchange DeFi protocols. We lend into decentralized money markets like Compound — where all loans are overcollateralized. Or we supply liquidity to AMM exchanges like Balancer. This allows us to earn interest and generate yield for our depositors. We’re the experts so our users don’t need to be.
We haven’t yet integrated with any of the insurance or investment protocols — but we certainly plan on it. Our infrastructure is built with blockchain technology at the heart and our system is extensible — we’re ready to add assets and protocols when we feel they are ready, safe, secure, and stable. Many of these protocols are still in the experimental phase. It’s still early.
At Genesis Block we’re excited to continue to be at the frontlines of this incredible, innovative, technological revolution called DeFi.
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None of these powerful DeFi protocols will be replacing Robinhood, SoFi, or Venmo anytime soon. They never will. They aren’t meant to! We’ve discussed this before, these are low-level protocols that need killer applications, like Genesis Block.
So now that we’ve gone a little deeper down the rabbit hole and we’ve done this whirlwind tour of DeFi, the natural next question is: why?
Why does any of it matter?
Most of these financial services that DeFi offers already exist in the real world. So why does it need to be on a blockchain? Why does it need to be decentralized? What new value is unlocked? Next post, we answer these important questions.
To look at more projects in DeFi, check out DeFi Prime, DeFi Pulse, or Consensys.
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Other Ways to Consume Today's Episode:
Follow our social channels:https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto:https://genesisblock.com/download
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High-profile Twitter accounts swept up in wave of apparent hacking

This is the best tl;dr I could make, original reduced by 38%. (I'm a bot)
WASHINGTON - A wave of tweets in apparent hacking swept through Twitter on Wednesday, with more than half a dozen high-profile accounts - belonging to U.S. presidential candidate Joe Biden, billionaire Bill Gates, and rapper Kanye West, among others - used to solicit bitcoin donations.
Shares of Twitter tumbled nearly 4 percent in trading after the market close.
Twitter said in an email that it was looking into the matter and would issue a statement shortly.
Some of the tweets were swiftly deleted but there appeared to be a struggle to regain control of the accounts.
In the case of billionaire Telsa Chief Executive Elon Musk, for example, one tweet soliciting cryptocurrency was removed and, sometime later, another one appeared.
Among the others affected: Amazon founder Jeff Bezos and the corporate accounts for Uber and Apple.
Summary Source | FAQ | Feedback | Top keywords: account#1 Twitter#2 tweet#3 cryptocurrency#4 appeared#5
Post found in /news, /worldnews and /technology.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi

Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi
Until one understands the basics of this tech, they won’t be able to grasp or appreciate the impact it has on our digital bank, Genesis Block.
https://reddit.com/link/ho4bif/video/n0euarkifu951/player
This is the second post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
---
Our previous post set the stage for this series. We discussed the state of consumer finance and how the success of today’s high-flying fintech unicorns will be short-lived as long as they’re building on legacy finance — a weak foundation that is ripe for massive disruption.
Instead, the future of consumer finance belongs to those who are deeply familiar with blockchain tech & decentralized protocols, build on it as the foundation, and know how to take it to the world. Like Genesis Block.
Today we begin our journey down the crypto rabbit hole. This post will be an important introduction for those still learning about Bitcoin, Ethereum, or DeFi (Decentralized Finance). This post (and the next few) will go into greater detail about how this technology gives Genesis Block an edge, a superpower, and an unfair advantage. Let’s dive in…
https://preview.redd.it/1ugdxoqjfu951.jpg?width=650&format=pjpg&auto=webp&s=36edde1079c3cff5f6b15b8cd30e6c436626d5d8

Bitcoin: The First Cryptocurrency

There are plenty of online resources to learn about Bitcoin (Coinbase, Binance, Gemini, Naval, Alex Gladstein, Marc Andreessen, Chris Dixon). I don’t wanna spend a lot of time on that here, but let’s do a quick overview for those still getting ramped up.
Cryptocurrency is the most popular use-case of blockchain technology today. And Bitcoin was the first cryptocurrency to be invented.
Bitcoin is the most decentralized of all crypto assets today — no government, company, or third party can control or censor it.
Bitcoin has two primary features (as do most other cryptocurrencies):
  1. Send Value You can send value to anyone, anywhere in the world. Nobody can intercept, delay or stop it — not even governments or financial institutions. Unlike with traditional money transfers or bank wires, there are no layers of middlemen. This results in a process that is much more cost-efficient. Some popular use-cases include remittances and cross-border payments.
  2. Store Value With nothing but a smartphone, you can become your own bank and store your own funds. Nobody can seize your assets. The funds are digital and stored on a blockchain. Your money no longer needs to be stored at a bank, in a vault, or under your mattress. I covered a few inspiring use-cases in a previous post. They include banking the unbanked, protecting assets from government seizure, mitigating the risk of a bank run, and protection against hyperinflation (like what recently happened in Venezuela).
The fact that there are so few things one can do with Bitcoin is one of its greatest strengths.
Its design is simple, elegant, and focused. It has been 10+ years since Satoshi’s white paper and no one has been able to crack or hack the Bitcoin network. With a market cap of $170B, there is plenty of incentive to try.
https://preview.redd.it/bizndfpkfu951.png?width=800&format=png&auto=webp&s=456c53b798248e60456a65835a33c69b2fe8daf0

Public Awareness

A few negative moments in Bitcoin’s history include the collapse of Mt. Gox — which resulted in hundreds of millions of customer funds being stolen — as well as Bitcoin’s role in dark markets like Silk Road — where Bitcoin arguably found its initial userbase.
However, like most breakthrough technology, Bitcoin is neither good nor bad. It’s neutral. People can use it for good or they can use it for evil. Thankfully, it’s being used less and less for illicit activity. Criminals are starting to understand that transactions on a blockchain are public and traceable — it’s exactly the type of system they usually try to avoid. And it’s true, at this point “a lot more” crimes are actually committed with fiat than crypto.
As a result, the perception of bitcoin and cryptocurrency has been changing over the years to a more positive light.
Bitcoin has even started to enter the world of media & entertainment. It’s been mentioned in Hollywood films like Spiderman: Into the Spider-Verse and in songs from major artists like Eminem. It’s been mentioned in countless TV shows like Billions, The Simpsons, Big Bang Theory, Gray’s Anatomy, Family Guy, and more.
As covid19 has ravaged economies and central banks have been printing money, Bitcoin has caught the attention of many legendary Wall Street investors like Paul Tudor Jones, saying that Bitcoin is a great bet against inflation (reminding him of Gold in the 1970s).
Cash App already lets their 25M users buy Bitcoin. It’s rumored that PayPal and Venmo will soon let their 325M users start buying Bitcoin. Bitcoin is by far the most dominant cryptocurrency and is showing no signs of slowing down. For more than a decade it has delivered on its core use-cases — being able to send or store value.
At this point, Bitcoin has very much entered the zeitgeist of modern pop culture — at least in the West.
https://preview.redd.it/dnuwbw8mfu951.png?width=800&format=png&auto=webp&s=6f1f135e3effee4574b5167901b80ced2c972bda

Ethereum: Programmable Money

When Ethereum launched in 2015, it opened up a world of new possibilities and use-cases for crypto. With Ethereum Smart Contracts (i.e. applications), this exciting new digital money (cryptocurrency) became a lot less dumb. Developers could now build applications that go beyond the simple use-cases of “send value” & “store value.” They could program cryptocurrency to have rules, behavior, and logic to respond to different inputs. And always enforced by code. Additional reading on Ethereum from Linda Xie or Vitalik Buterin.
Because these applications are built on blockchain technology (Ethereum), they preserve many of the same characteristics as Bitcoin: no one can stop, censor or shut down these apps because they are decentralized.
One of the first major use-cases on Ethereum was the ability to mint and create your own token, your own cryptocurrency. Many companies used this as a way to fundraise from the public. This led to the 2017 ICO bubble (Initial Coin Offerings). Some tokens — and the apps/networks they powered — were fascinating and innovative. Most tokens were pointless. And many tokens were outright scams. Additional token reading from Fred Ehrsam, Balaji, and Naval.
https://reddit.com/link/ho4bif/video/b5b1jh9ofu951/player

Digital Gold Rush

Just as tokens grew in popularity in 2017–2018, so did online marketplaces where these tokens could be bought, sold, and traded. This was a fledgling asset class — the merchants selling picks, axes, and shovels were finally starting to emerge.
I had a front-row seat — both as an investor and token creator. This was the Wild West with all the frontier drama & scandal that you’d expect.
Binance — now the world’s largest crypto exchange —was launched during this time. They along with many others (especially from Asia) made it really easy for speculators, traders, and degenerate gamblers to participate in these markets. Similar to other financial markets, the goal was straightforward: buy low and sell high.
https://preview.redd.it/tytsu5jnfu951.jpg?width=600&format=pjpg&auto=webp&s=fe3425b7e4a71fa953b953f0c7f6eaff6504a0d1
That period left an embarrassing stain on our industry that we’ve still been trying to recover from. It was a period rampant with market manipulation, pump-and-dumps, and scams. To some extent, the crypto industry still suffers from that today, but it’s nothing compared to what it was then.
While the potential of getting filthy rich brought a lot of fly-by-nighters and charlatans into the industry, it also brought a lot of innovators, entrepreneurs, and builders.
The launch and growth of Ethereum has been an incredible technological breakthrough. As with past tech breakthroughs, it has led to a wave of innovation, experimentation, and development. The creativity around tokens, smart contracts, and decentralized applications has been fascinating to witness. Now a few years later, the fruits of those labors are starting to be realized.

DeFi: Decentralized Finance

So as a reminder, tokens are cryptocurrencies. Cryptocurrencies can carry value. And value is a lot like money. Because tokens are natively integrated with Ethereum, it’s been natural for developers to build applications related to financial services — things like lending, borrowing, saving, investing, payments, and insurance. In the last few years, there has been a groundswell of developer momentum building in this area of financial protocols. This segment of the industry is known as DeFi (Decentralized Finance).
https://preview.redd.it/f0sjzqspfu951.png?width=461&format=png&auto=webp&s=8e0a31bf29250fc624918fbd8514b008762f379e
In Q2 of 2020, 97% of all Ethereum activity was DeFi-related. Total DeFi transaction volume has reached $11.5B. The current value locked inside DeFi protocols is approaching $2 Billion (double from a month ago). DeFi’s meteoric growth cannot be ignored.
Most of that growth can be attributed to exciting protocols like Compound, Maker, Synthetix, Balancer, Aave, dYdX, and Uniswap. These DeFi protocols and the financial services they offer are quickly becoming some of the most popular use-cases for blockchain technology today.
https://preview.redd.it/wn3phnkqfu951.png?width=800&format=png&auto=webp&s=02f56caa6b94aa59eadd6e368ef9346ba10c7611
This impressive growth in DeFi certainly hasn’t come without growing pains. Unlike with Bitcoin, there are near-infinite applications one can develop on Ethereum. Sometimes bugs (or typos) can slip through code reviews, testing, and audits — resulting in loss of funds.
Our next post will go much deeper on DeFi.

Wrap Up

I know that for the hardcore crypto people, what we covered today is nothing new. But for those who are still getting up to speed, welcome! I hope this was helpful and that it fuels your interest to learn more.
Until you understand the basics of this technology, you won’t be able to fully appreciate the impact that it has on our new digital bank, Genesis Block. You won’t be able to understand the implications, how it relates, or how it helps.
After today’s post, some of you probably have a lot more questions. What are specific examples or use-cases of DeFi? Why does it need to be on a blockchain? What benefits does it bring to Genesis Block and our users?
In upcoming posts, we answer these questions. Today’s post was just Level 1. It set the foundation for where we’re headed next: even deeper down the crypto rabbit hole.
---
Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
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[Part - 30] Large college ebooks/eTextbooks thread for cheap rates [$4 to $25]

  1. C# Programming: From Problem Analysis to Program Design 5th Edition
  2. C++ for Engineers and Scientists 4th Edition
  3. C++ Plus Data Structures 6TH Edition
  4. C++ Programming: Program Design Including Data Structures 8th Edition
  5. Calculating Dosages Safely: A Dimensional Analysis Approach
  6. Calculation of Drug Dosages: a Work Text 10th Edition
  7. Calculus: An Applied Approach 10th edition by Ron Larson
  8. Calculus: An Applied Approach, with CalcChat and CalcView Brief 10th Edition
  9. Calculus: Early Transcendentals 3rd Edition by Briggs, Cochran
  10. Calculus: International Metric Version 8th Edition
  11. Calculus of a Single Variable 8th Edition
  12. Calculus for Scientist and Engineers
  13. California: An Interpretive History 10th Edition
  14. California: The Politics of Diversity 9th Edition
  15. California Government and Politics Today 14th Edition
  16. California Politics: A Primer 4th Edition
  17. California Politics: A Primer 5th Edition
  18. California Politics and Government: A Practical Approach 14th Edition
  19. California's Criminal Justice System 3rd Edition
  20. Called to Care: A Christian Worldview for Nursing 2nd Edition
  21. Cambridge IGCSE and O Level Economics Study and Revision Guide
  22. Cambridge IGCSE Chemistry Study and Revision Guide (Igcse Study Guides)
  23. Campaigns & Elections 2nd Edition
  24. Campbell Biology 2nd Canadian Edition
  25. Campbell Biology 11th Edition
  26. Campbell Biology 11th Australian and New Zealand Edition
  27. Campbell Biology: Concepts & Connections 8th Edition
  28. Campbell Essential Biology with Physiology 5th Edition
  29. Campbell's Physical Therapy for Children 5th edition
  30. Campbell Biology In Focus 2nd Edition global edition
  31. Canada's Population in a Global Context 2nd Edition
  32. Canadian Advertising in Action 11th Edition
  33. Canadian Business and the Law 6th Edition
  34. Canadian fundamentas of nursing 5th Edition
  35. Canadian Fundamentals of Nursing 6th Edition
  36. Canadian History for Dummies 2nd edition
  37. Canadian Jensen's Nursing Health Assessment: a Best Practice Approach
  38. Canadian Organizational Behaviour 10th Edition
  39. Cancer Pain: From Molecules to Suffering
  40. Capture Your Style: Transform Your Instagram Photos, Showcase Your Life, and Build the Ultimate Platform
  41. Cardiac Imaging: A Core Review
  42. Career Counseling: Holism, Diversity and Strengths 4th Edition
  43. Career Development and Interventions in the 21st Century 4th Edition
  44. Career Management and Work Life Integration
  45. Case Management: Inclusive Community Practice 2nd Edition
  46. Case Studies in Abnormal Psychology 10th Edition
  47. Case Studies in Criminal Justice Ethics 2nd Edition
  48. Case Studies in Health Information Management 3rd Edition
  49. Case Studies in Psycotherapy 7th Edition
  50. Case Studies to Accompany Bates' Guide to Physical Examination and History Taking 9th Edition
  51. Cases and Materials on Torts 11th Edition
  52. Cases in Intelligence Analysis: Structured Analytic Techniques in Action 2nd Edition
  53. Cast Down: Abjection in America - 1700 – 1850
  54. CBT Strategies for Anxious and Depressed Children and Adolescents
  55. CCNA Cybersecurity Operations Companion Guide
  56. CCNA Routing and Switching Complete Review Guide 2nd Edition
  57. CCNA Routing and Switching Practice Tests
  58. CEH Certified Ethical Hacker Bundle, Third Edition (All-In-One) 3E
  59. Cellular and Molecular Immunology 9th Edition
  60. Cengage Advantage Books: Introduction to Business Law 5th Edition
  61. Cengage Advantage Book: Business Law Today 11th Edition
  62. Cengage Advantage Books: Business Law - Text & Cases - Commercial Law for Accountants
  63. Cengage Advantage Books: Making America, A History of United States Volume 1 To 1877
  64. Central Nervous System Leukemia
  65. Challenges in Higher Education Leadership - Practical and Scholarly Solutions
  66. Challenges of the Developing World 8th Edition
  67. Challenges in Cardiology
  68. Chemical Principles: The Quest for Insight 7th Edition
  69. Chemistry: A Molecular Approach 4th Edition
  70. Chemistry: Principles and Reactions 8th Edition
  71. Chemistry: 4th Edition by Julia Burdge
  72. Chemistry: 9th Edition by Steven S. Zumdahl
  73. Chemistry: 12th Edition by Chang
  74. Chemistry: Structure and Properties 2nd Edition
  75. Chemistry: The Central Science 3rd Edition
  76. Chemistry:- The Molecular Nature of Matter and Change 8th Edition
  77. Chemistry³. Introducing inorganic, organic and physical chemistry
  78. Chemistry: Core Concepts
  79. Chemistry and Physics for Nurse Anesthesia 3rd Edition
  80. Chemistry in Context: Applying Chemistry to Society 9th Edition
  81. Chemistry in Context 8th Edition
  82. Chemtrails, HAARP, and the Full Spectrum Dominance of Planet Earth
  83. Chestnut's Obstetric Anesthesia 6th Edition
  84. Chicano Popular Culture 2nd Edition
  85. Child and Adolescent Communication Disorders: Organic and Neurogenic Basis
  86. Child Development: A Cultural Approach 2nd Edition
  87. Child Development From Infancy to Adolescence
  88. Child Development 9th Edition by Laura E. Berk
  89. Child Protection: The Essential Guide for Teachers and Other Professionals Whose Work Involves Children
  90. Child Rights in India: Law, Policy and Practice 3rd Edition
  91. Child Trauma Handbook: A Guide for Helping Trauma-Exposed Children and Adolescents
  92. Child, Adolescent and Family Development 3rd Edition
  93. Children and Their Development 3rd Canadian Edition
  94. Children and Their Development 7th Edition
  95. Children’s Language and Multilingualism
  96. Children's Literature in Action: A Librarian's Guide 2nd Edition
  97. China and Iran: Ancient Partners in a Post Imperial World
  98. China's Guaranteed Bubble
  99. China's Role in the Indian Ocean: Its Implications on India's National Security
  100. Chinese Industrial Espionage: Technology Acquisition and Military Modernisation
  101. Chiropractic Technique Principles and Procedure 3rd Edition
  102. Chocolate Cities: The Black Map of American Life
  103. Christian Thought: A Historical Introduction 2nd Edition
  104. Cien anos de confusion
  105. Cinematic Storytelling
  106. Civil Engineers Handbook of Professional Practice
  107. Civil Society, Constitution, and Legitimacy
  108. Civilization in the West: Combined Volume 7th Edition
  109. CJ 2017
  110. Class Fictions: Shame and Resistance in the British Working Class
  111. Class, Race, Gender, and Crime 5th Edition
  112. Classic Grounded Theory: Applications With Qualitative and Quantitave Data
  113. Classical Mythology in Context by Lisa Maurizio
  114. Classical Sociological Theory 7th Edition
  115. Classics of Western Philosophy 8th Edition
  116. Classroom Management: Engaging Students in Learning 2nd Edition
  117. Classroom Management for Middle and High School Teachers 9th Edition
  118. Clean Code: The Handbook of Agile Software Craftsmanship
  119. CLEP Chemistry Exam Secrets Study Guide
  120. Client education: Theory and Practice 3rd Edition
  121. Clinical Anesthesia 8th Edition
  122. Clinical Calculations: With Applications to General and Specialty Areas 8th Edition
  123. Clinical Chemistry: Principles, Techniques, Correlations 8th Edition
  124. Clinical Companion for Medical-Surgical Nursing 9th Edition
  125. Clinical Exercise Physiology 3rd Edition
  126. Clinical Gynecologic Endocrinology and Infertility
  127. Clinical Handbook of Psychotropic Drugs 23rd Edition
  128. Clinical Hematology Atlas 4th Edition
  129. Clinical Hematology and Fundamentals of Hemostasis 5th Edition – Harmening
  130. Clinical Interviewing 6th Edition
  131. Clinical Management of Binocular Vision, Heterophoric, Accommodative, And Eye Movement Disorders 4th Edition
  132. Clinical Neuropsychology 3rd Edition
  133. Clinical Nursing Skills and Techniques 8th Edition
  134. Clinical Practice of Neurological & Neurosurgical Nursing 7th Edition
  135. Clinical Practice of the Dental Hygienist 12th Edition
  136. Clinical Psychology: Science, Practice, and Culture 4th Edition
  137. Clinical Radiology Made Ridiculously Simple 2nd Edition
  138. Clinical Research for the Doctor of Nursing Practice 2nd Edition
  139. Clinical Research Methods in Speech: Language Pathology and Audio 2nd Edition
  140. Clinical Voice Pathology: Theory and Management 5th Edition
  141. Close Encounters: Communication in Relationships 4th Edition
  142. Cloud Computing with e-Science Application
  143. CMPTR 3: Computer Applications and Concepts
  144. Coach shane's english expressions part 1: idioms and phrasal Verb
  145. Coastal Systems 3rd Edition
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  147. Code and Other Laws of Cyberspace
  148. Code Hacking A Developers Guide to Network Security
  149. Cognition Pearson New International Edition 5th Edition
  150. Cognitive Behavioral Treatment of Obesity: a Clinican's Guide
  151. Cognitive Neuroscience:- The Biology of the Mind 4th Edition
  152. Cognitive Neuroscience: The Biology of the Mind 4th Edition
  153. Cognitive Neuroscience of Memory by Scott D. Slotnick
  154. Cognitive Psychology: Mind and Brain Pearson New International Edition
  155. Cognitive Psychology 7th Edition by Robert J. Sternberg & Karin Sternberg
  156. Cognitive Science:- An Introduction to the Study of Mind 3rd Edition
  157. Cold Peace: China-India Rivalry in the Twenty-First Century
  158. College Algebra 2nd Edition by Julie Miller
  159. College Algebra 5th Edition by Judith A. Beecher
  160. College Algebra 7th Edition by James Stewart
  161. College Algebra and Trigonometry by Julie Miller
  162. College Algebra and Trigonometry 6th Edition by Margaret L. Lial
  163. College Mathematics 9th Edition by Cheryl Cleaves
  164. College Mathematics for Business, Economics, Life Sciences, and Social Sciences 13th Edition
  165. College Physics: A Strategic Approach 4th Edition
  166. Colloquial English: The Complete Course for Beginners 2nd Edition
  167. Color Atlas of Acupuncture: Body Points, Ear Points, Trigger Points 2nd Edition
  168. Color Atlas of Brainstem Surgery
  169. COMM 4: Speech Communication
  170. Commitment in the Workplace: Theory, Research, and Application (Advanced Topics in Organizational Behavior)
  171. Common Sense Police Supervision 5th Edition
  172. Communicating at Work 11th Edition
  173. Communicating at Work 12th Edition
  174. Communicating for Managerial Effectiveness: Challenges, Strategies, Solutions 6th Edition
  175. Communicating in Small Groups. Principles and Practices 10th Edition
  176. Communication: Core Interpersonal Skills for Health Professionals 3rd Edition
  177. Communication: Making Connection 9th Edition
  178. Communication Between Cultures 8th Edition
  179. Communication for Nurses: Talking with Patients 3rd Edition
  180. Communication in a Civil Society
  181. Communication in Nursing 8th Edition by Julia Balzer Riley
  182. Communication Matters 3rd Edition by Kory Floyd
  183. Communication Mosaics: An Introduction to the Field of Communication 8th Edition
  184. Communication Skills for Midwives: Challenges in Everyday Practice
  185. Community and Public Health Nursing: Evidence for Practice 1st Edition
  186. Community and Public Health Nursing: Evidence for Practice 2nd Edition
  187. Community Development in an Uncertain World
  188. Community Nutrition: Planning Health Promotion and Disease Prevention 3rd Edition
  189. Community Policing: Partnership for Problem solving 8th Edition
  190. Community Psychology: Linking Individuals and Communities 3rd Edition
  191. Company Accounting 10th Edition
  192. Comparative Bone Identification: Human Subadult to Nonhuman 1st Edition
  193. Comparative Criminal Justice Systems 5th Edition
  194. Comparative Political Economy: States, Markets and Global Capitalism
  195. Comparative Politics: Integrating Theories, Methods, and Cases 2nd Edition
  196. Compensation 11th Edition by George Milkovich
  197. Compensation 12th Edition by George Milkovich
  198. Competence at Work: Models for Superior Performance
  199. Competing on Analytics Updated, with a New Introduction The New Science of Winning
  200. Complementary Medicine Systems Comparison and Integration
  201. Complete Soccer Coaching Curriculum for 3-18 Year Old Players – Volume
  202. Complex Analysis for Mathematics and Engineering 5th Edition
  203. Complex Variables and Special Function
  204. Complexity Leadership: Nursing's Role in Health-Care Delivery 2nd Edition
  205. Complications and Outcomes of Assisted Reproduction
  206. Comprehensive Medical Terminology 5th Edition
  207. Comprehensive Radiographic Pathology 6th Edition
  208. CompTIA + Complete Study Guide Exams 220-901 and 220-902 3rd Edition
  209. CompTIA Security+. Get Certified Get Ahead. SY0-301 Study Guide
  210. CompTIA Security+ Guide to Network Security Fundamentals 6th Edition
  211. Computer Ethics 4th Edition by Deborah Johnson
  212. Computer Forensics Cybercriminals: Laws, and Evidence 2nd Edition
  213. Computer Networking: A Top-Down Approach 7th Global Edition
  214. Computer Networking: A Top-Down Approach 7th Edition
  215. Computer Networks. A Top Down Approach
  216. Computer Organization and Architecture:- Designing for Performance 10th Edition
  217. Computer Organization and Architecture: Designing for Performance 10th Global Edition
  218. Computer Organization and Design: The Hardware Software Interface ARM Edition
  219. Computer Security: a Hands-on Approach
  220. Computer Security: Principles and Practice, 3rd Edition
  221. Computer Security: Principles and Practice, 3rd Global Edition
  222. Computer Security Principles and Practice, 4th Global Edition
  223. Computer Systems 4th Edition
  224. Computing Essentials 2015 Complete Edition
  225. Concentrate Questions and Answers: Contract Law
  226. Concentrate Questions and Answers: Public Law
  227. Concepts for Nursing Practice 2nd Edition
  228. Concepts in Strategic Management and Business Policy 15th Edition
  229. Concepts of Database Management, 8th Edition
  230. Concepts Of Genetics, 2nd Edition
  231. Concepts of Transportation Economics
  232. Conceptual Foundations: The Bridge to Professional Nursing Practice 6th Edition
  233. Conceptual Physics 12th Edition
  234. Concerning the Spiritual in Art
  235. Concise Australian Commercial Law, 4th Edition
  236. Concrete: Microstructure, Properties, and Materials 4th Edition
  237. Conditions in Occupational Therapy: Effect on Occupational Performance 5th Edition
  238. Conducting Educational Research: Guide to Completing a Major Project 6th Edition
  239. Conducting Research: Social and Behavioral Science Methods 2nd Edition
  240. Confessions of a Born-Again Pagan
  241. Connect Core Concepts in Health 15th Edition Brief
  242. Conquer Medical Coding: A Critical Thinking Approach with Coding Simulations 2018
  243. Conquering Post Traumatic Stress Disorder
  244. Constituent Structure 2nd Edition
  245. Constitutional Law 5th Edition
  246. Constitutional Law: Principles and Policies 5th Edition
  247. Constitutional Law for a Changing America: Institutional Powers and Constraints 9th Edition
  248. Construction Contracts 3rd Edition
  249. Construction Jobsite Management 3rd Edition
  250. Construction Materials, Methods and Techniques 4th Edition
  251. Construction Planning, Equipment, and Methods 8th Edition
  252. Construction Project Management 4th Edition
  253. Construction Safety and the OSHA Standards 2nd Edition
  254. Constructions of deviance: social power, context, and interaction 4th Edition
  255. Constructive Guidance and Discipline 6th Edition
  256. Consultation Skills for Mental Health Professionals
  257. Consumer Behavior 2nd Edition by Jim Blythe
  258. Consumer Behaviour: A European Perspective 5th Edition – Michael Solomon
  259. Consumer Behaviour: Applications in Marketing 3rd Edition
  260. Consumer Behaviour: Buying Having and Being 3rd Edition
  261. Consumer Behaviour Buying Having Being 7th Canadian Edition
  262. Contemporary Advertising and Integrated Marketing Communication 15th Edition
  263. Contemporary Clinical Immunology and Serology
  264. Contemporary Employment Law 3rd Edition
  265. Contemporary Issues in Accounting 2nd edition
  266. Contemporary Issues in Healthcare Ethics and Law 4th Edition
  267. Contemporary Mathematics for Business & Consumers, Brief 8th Edition
  268. Contemporary Nursing Issues, Trends, & Management 7th Edition
  269. Contemporary Project Management 4th Edition
  270. Contemporary Psychiatric-Mental Health Nursing 3rd Edition
  271. Contemporary Strategy Analysis: Text and Cases Edition, 9th Edition
  272. Content Area Reading: Literacy and Learning Across the Curriculum 11th Edition
  273. Content Area Reading: Literacy and Learning Across the Curriculum 12th Edition
  274. Content Area Reading and Writing: Fostering Literacies in Middle and High School Cultures 2nd Edition
  275. Contexts of Nursing: An Introduction 5th Edition
  276. Contract Law and Theory 5th Edition
  277. Contract Law Concentrate: Law Revision and Study Guide
  278. Control of communicable diseases manual 18th Edition
  279. Control of Permanent Magnet Synchronous Motors
  280. Controlling strategy: management, accounting, and performance measurement
  281. Conversations with Your Audience: A Practical Guide for Preparing and Delivering Professional Presentation
  282. Conversion and the Politics of Religion in Early Modern Germany
  283. Convex Optimization of Power Systems
  284. Cooperative Argumentation: A Model for Deliberative Community
  285. Copyright Law 10th Edition
  286. Core Concepts of Accounting Information Systems, 13th Edition
  287. Core Curriculum for Neonatal Intensive Care Nursing 5th Edition
  288. Coriolanus In Plain and Simple English
  289. Cornerstones of Cost Management 4th Edition
  290. Corporate Computer Security 4th Edition
  291. Corporate Culture and Performance
  292. Corporate Finance 4th edition by Berk and DeMarzo
  293. Corporate Finance 4th Global Edition by Berk and DeMarzo
  294. Corporate Finance 11th edition by Stephen Ross
  295. Corporate Finance: A Focused Approach 6th Edition
  296. Corporate Finance For Dummies
  297. Corporate Financial Management 6th Edition
  298. Corporate Governance: Principles and Issues
  299. Corporate Governance 5th Edition by Robert Monks
  300. Corporate Social Responsibility by Esben
  301. Corporate Turnaround: How Managers Turn Losers Into Winners!
  302. Corrections in the 21st Century 8th Edition
  303. Corrections: A Critical Approach 3rd Edition
  304. Cosmeceuticals and Cosmetic Ingredients by Leslie Baumann
  305. Cost Accounting A Managerial Emphasis, 7th Canadian Edition
  306. Cost Management: A Strategic Emphasis 7th Edition
  307. Cost Management: Strategies For Business Decisions, International Edition
  308. Counseling and Psychotherapy Theories in Context and Practice 3rd Edition
  309. Counseling the Culturally Diverse: Theory and Practice, 7th Edition
  310. Counter Jihad: America's Military Experience in Afghanistan, Iraq and Syria
  311. Courage Beyond the Game
  312. Cracking the Ap English Language and Composition Exam: 2017 Edition
  313. Cracking the AP Physics C Exam, 2017 Edition: Proven Techniques to Help You Score a 5
  314. Crafting and Executing Strategy
  315. Creating a New Medina: State Power, Islam, and the Quest for Pakistan in Late Colonial North India
  316. Creating Inclusive Classrooms: Effective, Differentiated and Reflective Practices 8th Edition
  317. Creating Political Presence: The New Politics of Democratic Representation
  318. Creating Young Martyrs: Conditions That Make Dying in a Terrorist Attack Seem Like a Good Idea
  319. Credit Appraisal & Analysis of Financial Statements 2nd Updated Edition
  320. Creole Subjects in the Colonial Americas
  321. Criminal & Behavioral Profiling: Theory, Research & Practice
  322. Criminal Courts: A Contemporary Perspective 4th Edition
  323. Criminal Courts: Structure, Process, and Issues 3rd Edition
  324. Criminal Evidence by Matthew Lippman
  325. Criminal Evidence 12th Edition by Jefferson L. Ingram
  326. Criminal Interrogation and Confessions 5th Edition
  327. Criminal Justice: A Brief Introduction 11th Edition
  328. Criminal Justice: A Brief Introduction 12th Edition
  329. Criminal Justice in Action: The Core 9th Edition
  330. Criminal Justice: The Essentials 4th edition
  331. Criminal Law: Text, Cases and Material 8th Edition
  332. Criminal Law by John L. Worrall
  333. Criminal Law Today 6th Edition by Frank Schmalleger
  334. Criminal Procedure 4th Edition by Matthew Lippman
  335. Criminal Procedure 9th Edition by Joel Samaha
  336. Criminal Procedure Constitutional Constraints Upon Investigation and Proof, 8th Edition
  337. Criminal Procedure: Law and Practice 10th Edition
  338. Criminalistics: An Introduction to Forensic Science 12th Edition by Richard Saferstein
  339. Criminological theories: introduction, evaluation, and application 3rd Edition
  340. Criminology: A Canadian Perspective 8th Edition
  341. Criminology: A Sociological Understanding 7th Edition
  342. Criminology: The Core 6th Edition
  343. Criminology: The Essentials 3rd Edition
  344. Crisis and Disaster Management for Tourism
  345. Crisis Assessment, Intervention, and Prevention 3rd Edition
  346. Critical Race Counterstories along the ChicanaChicano Educationa
  347. Critical Thinking: A User's Manual 2nd Edition
  348. Critical Thinking 12th Edition by Brooke Moore
  349. Critical Thinking, Reading, and Writing: A Brief Guide to Argument 10th Edition
  350. Cross-Border Pipeline Arrangements: What would a Single Regulatory Framework look like?
  351. Cross-Cultural Management: Essential Concepts 3rd Edition
  352. Cross-Language Information Retrieval
  353. Crossing the Boundaries of Belief
  354. Crossroads a popular history of Malaysia and Singapore 2nd edition
  355. CrunchTime. Evidence, 5th Edition
  356. Cryptocurrency Investing Bible: The Ultimate Guide And Perfect Strategies to Make Money
  357. Crystal Energy: 150 ways to bring Success, Love, Health, and Harmony into Your Life
  358. CSS The Missing Manual 4th Edition
  359. Cultural Competencies for Nurses: Impact on Health and Illness 2nd Edition
  360. Cultural Competency for Health Administration and Public Health
  361. Cultural Diversity and Education: Foundations, Curriculum, and Teaching
  362. Cultural Diversity in Health and Illness 8th Edition
  363. Cultural Diversity in Organizations: Theory, Research and Practice
  364. Cultural Intelligence: Survival and Thriving in the Global Village 3rd Edition
  365. Cultural Landscape: An Introduction to Human Geography
  366. Cultural Psychology 3rd Edition
  367. Culture Counts: A Concise Introduction to Cultural Antropology
  368. Culture Sketches. Case Studies in Anthropology 6th Edition
  369. Cultural Studies: The basics 2nd Edition
  370. Cultural Studies: Theory and Practice 5th Edition
  371. Culture, Identity and Intense Performativity: Being in the Zone
  372. Culture and Psychology 6th Edition
  373. Culture Counts: A Concise Introduction to Cultural Anthropology 3rd Edition
  374. Culture Counts: A Concise Introduction to Cultural Anthropology 4th Edition
  375. Current Practice of Clinical Electroencephalography 4th Edition
  376. Current Psychotherapies 10th Edition by Danny Wedding
  377. Current Surgical Therapy 11th Edition
  378. Customer Service Skills for Success 6th Edition
  379. Cutting Edge Marketing Analytics: Real World Cases and Data Sets for Hands On Learning
  380. Cyberspace, Cybersecurity, and Cybercrime by Janine Kremling
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Why Bitcoin remains a marginal vehicle for store of value (at best) vs. Gold

There is no doubt that times like these necessitate asset diversification.
Some candidates include Bitcoin (“BTC”) and Gold (“XAU”). We have an on-going debate with one of my best friends about Bitcoin.
He is a firm believer in BTC due to (i) the printing of money by central banks, (ii) the lost of faith in governments and (iii) the technological advantage over traditional gold
[Original post with charts: https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
I think of BTC as an electronic version of gold:
Lindy effect – which is most likely to survive?
If you store value, the most important aspect is for the asset class to survive. Made popular by Nicholas Taleb, the Lindy effect states that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.
Gold has been around for centuries and will be around in the next decades. As with Bitcoin, the currency may be around or could be replaced by a more efficient one (e.g. from transaction perspective). If you consider some of your savings as a means to secure a future for you and your kids then Gold is much more likely to fulfill this objective – although one needs to be reminded that this both asset classes don’t generate any income and as such can be used as diversifiers and potentially partially rotated into more risky assets when the market turns.
Price stability
If we assume that currently the main use for both is the store of value (BTC is only marginally used as transactional currency) then price stability is key. Gold prices are more stable and largely correlated to (i) real rates (ii) strength of USD and (iii) macro outlook. Arguably, Gold is less prone to price manipulation as one of the most traded assets (daily volumes can be as high as the total market cap of BTC).
It goes without saying that BTC can provide you with better returns as it’s more speculative in nature. The purpose of this blog however is to analyse assets from a savings allocation perspective and thus taking into consideration the risk you’re taking.
Insurance against market crash
While both BTC and XAU increased in value along with other risk assets prior to the crisis, the subsequent drop was much more significant for BTC while XAU only experienced marginal losses due to forced liquidations from investors highlighting the speculative nature of BTC.
As such Gold provides a good insurance policy as long as the crash in not excessively severe in nature – in 2008 Gold has initially dropped in value due to liquidations before rallying.
Another potential diversifiers that act as insurance for equity portfolios are government bonds. Treasuries have also experienced some volatility due to liquidations but are different to BTC and XAU as the FED controls the short term maturity asset yields and now even considering controlling the longer end of the curvesimilar to other countries like Japan or Australia
Doom scenario(s)
Both assets have major issues since Gold can’t be easily transported/accessed in case of a major natural disaster and BTC will miserably fail when electricity is down (earthquake, tsunami etc). Electronic Gold suffers from the same shortcoming hence physical gold has an edge here
Possible Near term Prospects
The technology behind BTC is very powerful. I’d also agree that conceptually is the best form of money that has ever been invented. Regarding BTC, in the end my friend and I will probably meet somewhere in the middle . A marginal part of the receivers of US fiscal measures may invest the cash in BTC. I have seen a large group of anti-establishment people on the West Coast while cycling from Vancouver to San Francisco last summer and there is a likelihood that these people will drive the BTC price up in the near term. However, due mainly to the price stability issue and perceived complexity I am yet to see a significant part of population that would allocate a sizeable part of their savings in BTC. And this brings me to my last point – skin in the game. So far, my friend only allocated a small amount of his net worth to BTC…
[As originally posted with charts on https://bankeronwheels.com/bitcoin-a-marginal-vehicle-for-store-of-value/ ]
submitted by bankeronwheels to Gold [link] [comments]

How to dive deep into political theory and philosophy: The Bread List

This is a curated collection of (largely) contemporary thinkers, books and video content aimed as a reference for questions like -
"What should I read next?", "Who should I follow?" or "What are the best resources for [certain political topic]?"
The core list comes from Noam Chomsky, and the books and people he's cited or praised. But the list has significantly expanded since then. Feel free to comment about any good books or channels you think should be on this list.
BreadTube discord here: https://discord.gg/ynn9rHE
Journalists
Start off with:
Adam H Johnson - Propaganda Model, Media Critique at FAIR
Nathan J Robinson - Journalist, Current Affairs
Glenn Greenwald- Journalist, Privacy, US imperialism. The Intercept
Also Great
Owen Jones- UK Journalist
Naomi Klein- Journalist, neoliberalism, globalization.
George Monbiot- Journalist, environmentalist.
Amy Goodman- Journalist Democracy Now
Alex Press - Journalist and Founder, Jacobin
Alexander Cockburn - Journalist
Chris Hedges- Journalist.
P Sainath- Journalist, India specialist
Whistleblowing:
Daniel Ellsberg- Vietnam, Released Pentagon Papers.
Edward Snowden
Chelsea Manning
Julian Assange
US History and Foreign Policy
Start off with:
Noam Chomsky - Everything
Howard Zinn- Historian
Laura Poitras - Documentary maker
Also Great
Eqbal Ahmad, - US imperialism
Michelle Alexander, US prison system
William Blum- Former State Dept. Agent, Historian, US imperialism
Jean Bricmont- “The Belgian Chomsky” – US imperialism, geopolitics,
Roxanne Dunbar-Ortiz - US History
Thomas Ferguson- US elections specialist.
Ian Haney Lopez- Racism, US politics.
Deepa Kumar- US imperialism, Islamophobia.
Andrew Bacevich - U.S. foreign policy, historian
Economics
Start off with:
Thomas Piketty - inequality
Ha-Joon Chang - institutional economist, specialising in development economics:
Joseph Stiglitz - Former World Bank Chief Economist
Amartya Sen- Third world development and Inequality, Nobel Prize Winner
Yanis Varoufakis
Richard Wolff- Marxism
Dean Baker
Also Great
Michael Albert
John Bellamy Foster
Richard Wilkinson- inequality
William Krehm - Labour
Stephanie Kelton - Modern Monetary Theory
Historians
Start off with:
Thomas Frank - historian, American politics
Howard Zinn- "People's" Historian
Raul Hilberg - The Leading Authority on the Holocaust
Phillip Mirowski - History of economics
Eric Hobsbawm - historian, Marxist
Also Great
Gar Aleprovitz, - world war 2, co-operatives.
Alex Carey - Laid the foundation for Manufacturing Consent
Nancy Maclean - US South, Labor, Race
Mark Curtis
Mike Davis- Globalization, Historian.
Gerald Horne- Historian, black liberation.
Gabriel Kolko- Historian. World War 2.
Morris Berman - historian, American social critic
Israel/Palestine
Start off with:
Norman Finkelstein- Israel specialist.
Avi Shlaim - Israel
Also Great
Amira Hass- Journalist, Israel specialist.
Illan Pappe- Israel specialist
James Petras- Israel and Latin America specialist.
Greg Philo- Media criticism, Israel.
Media Criticism
Start off with:
Edward Herman- Media criticism.
Robert McChesney- media criticism.
Edward Said- sociology, Islamophobia, Israel, media criticism
Also Great
Ben Bagdikian, - media criticism.
Keane Bhatt- Media Criticism, Latin America.
Oliver Boyd-Barrett- Media Criticism
Sut Jhally- sociology, film-maker
James Curran- Media Criticism
Alan MacLeod - Media Criticism, Venezuela
Anarchism/Socialism/Political Theory
Start off with:
David Graeber- historian, anarchism, Occupy Wall Street, anthropology.
Joel Bakan, - writer of “The Corporation”, seminal book on corporations.
Cornel West- sociology
Tariq Ali, “The British Chomsky”- everything from globalization to history to politics.
Murray Bookchin - Anarchism
Also Great
Angela Davis- Feminism, Marxism, black liberation.
Peter Gelderloos - anarchism
Uri Gordon - anarchism, Israel/Palestine
Harry Cleaver - Marxism, economics
Michel Bauwens - P2P, political economy
James C. Scott - anarchism, anthropology
Michael Heinrich - Marxism, political science
Specialists
Stephen Cohen- Russia specialist.
Bruce Cummings- Korea Specialist.
Aviva Chomsky – Immigration, Latin America.
Eduardo Galeano- Poet, Author, Latin American specialist.
Fawaz Gerges - Middle East specialist.
Andrej Grubacic- Yugoslavia specialist.
Flynt and Hillary Leverett- Iran specialists.
William I. Robinson- globalization, neoliberalism, Latin America specialist
Lars Schoultz- Latin America specialist
Sanho Tree- drugs, Colombia specialist
Nick Turse - Africa
Mark Weisbrot- economics, Latin America
Kevin Young- media criticism, Latin America
Raj Patel- Food
Vijay Prashad- globalization, third world development
Thomas Szasz- Criticism of psychiatry
Alfie Kohn- Education.
Daniel Kovalik - Human rights
Paulo Freire- Education.
Henry Giroux- Education
Greg Grandin - Historian, Latin America
Dave Zirin- sports
Gabor Maté- Education, drugs, psychiatry.
Kate Bronfenbrenner - Labour and Unions
Loic Wacquant - sociology, neoliberalism
Bernard Harcourt - surveillance, penal law
Eric Toussaint - political science, debt
The best arguments for major mainstream political positions:
Fascism and Neo-Conservatism
On Dictatorship and The Concept of The Political Carl Schmitt
Note:
Some have argued that neoconservativism has been influenced by Schmitt Most notably the legal opinions offered by Alberto Gonzales, John Yoo et al. by invoking the unitary executive theory to justify highly controversial policies in the war on terror—such as introducing unlawful combatant status which purportedly would eliminate protection by the Geneva Conventions torture, NSA electronic surveillance program—mimic his writings.Professor David Luban said in 2011 that "[a] Lexis search reveals five law review references to Schmitt between 1980 and 1990; 114 between 1990 and 2000; and 420 since 2000, with almost twice as many in the last five years as the previous five"
Realpolitik
World Order, by Henry Kissinger
Liberalism/Social Democracy
A Theory of Justice, by John Rawls
Right-Wing Libertarianism
Anarchy, State, Utopia by Robert Nozick
Technocracy
Zero to One, by Peter Thiel
Marxism-Leninism
Left-Wing Communism, and Infantile Disorder by Vladimir Lenin
Recommended books:
Israel/Palestine and the Middle East:
Start off with:
The Iron Wall by Avi Shlaim
★ Gaza: An Inquest Into Its Martyrdom by Norman Finkelstein
Also Great
★ Fateful Triangle by Noam Chomsky
Israel/Palestine: How to End the War of 1948 by Tanya Reinhart
The Birth of Israel: Myths and Realities by Simha Flapan
Between the Lines: Israel, the Palestinians, and the U.S. War on Terror by Tikva Honig-Parnass
The Holocaust Industry: Norman Finkelstein
Defending the Holy Land: A Critical Analysis of Israel's Security and Foreign Policy by Zeev Maoz
Gaza: An Inquest Into Its Martyrdom by Norman Finkelstein
The New Intifada: Resisting Israel’s Apartheid by Roane Carey, Alison Weir, and others
The Battle for Justice in Palestine by Ali Abunimah
American Foreign Policy:
Start off with:
★ ★ ★ Understanding Power by Noam Chomsky
Killing Hope: U.S. Military and CIA Interventions Since World War II by William Blum
Also Great:
Defeat: Why America and Britain Lost Iraq by Jonathon Steele
A Different Kind of War: The Un Sanctions Regime in Iraq by Hans. C. Von Sponeck
Al-Qaeda: Casting a Shadow of Terror by Jason Burke
How America Gets Away with Murder: Illegal Wars, Collateral Damage and Crimes Against Humanity by Michael Mandel
The Deaths of Others: The Fate of Civilians in America's Wars by John Turnam
Talking to the Enemy: Faith, Brotherhood, and the (Un)Making of Terrorists by Scott Atran
The Politics of Heroin: CIA Complicity in the Global Drug Trade by Alfred W. McCoy
Ideal Illusions: How the U.S. Government Co-opted Human Rights by James Peck
War Stars: The Superweapon and the American Imagination by Howard Bruce Franklin
Next Time They’ll Come to Count the Dead: War and Survival in South Sudan by Nick Turse
Tomorrow's Battlefield : U.S. Proxy Wars and Secret Ops in Africa by Nick Turse
The Violent American Century: War and Terror Since World War II by John Dower
Command and Control: Nuclear Weapons, the Damascus Accident, and the Illusion of Safety by Eric Schlosser
The Hungry World: America's Cold War Battle Against Poverty in Asia by Nick Cullather
Voices From the Other Side: An Oral History of Terrorism Against Cuba by Keith Bolender
The Doomsday Machine: Confessions of a Nuclear War Planner by Daniel Ellsberg
Tinderbox: U.S. Foreign Policy and the Roots of Terrorism by Stephen Zunes
One Minute to Midnight: Kennedy, Khrushchev and Castro on the Brink of Nuclear War by Michael Dobbs
Kill Chain: Drones and The Rise of the High-Tech Assassins by Andrew Cockburn
First Do No Harm: Humanitarian Intervention and the Destruction of Yugoslavia by David Gibbs
The Management of Savagery by Max Blumenthal
Media and Propaganda:
Start off with:
Manufacturing Consent by Edward Herman and Noam Chomsky
Propaganda by Edward Bernays
The Record of the Paper: How the New York Times Misreports US Foreign Policy by Richard A. Falk
Also Great:
The Real Terror Network: Terrorism in Fact and Propaganda by Edward Herman
The Politics of Genocide by Edward Herman
Taking the Risk Out of Democracy: Corporate Propaganda versus Freedom and Liberty by Alex Carey
American History and Culture:
Start off with:
★ A People's History of the United States by Howard Zinn
Also Great:
Political Repression in Modern America: FROM 1870 TO 1976 by Robert Justin Goldstein
No is Not Enough: Resisting Trump's Shock Politics and Winning the World We Need by Naomi Klein
The Industrial Worker, 1840-1860: The Reaction of American Industrial Society to the Advance of the Industrial Revolution by Norman Ware
Voices of a People's History of the United States by Anthony Arnove and Howard Zinn
Violent Politics: A History of Insurgency, Terrorism, and Guerrilla War, from the American Revolution to Iraq by William R. Polk
★ With Liberty and Justice for Some: How the Law is Used to Destroy Equality and Protect the Powerful by Glenn Greenwald
Strangers in Their Own Land: Anger and Mourning on the American Right by Arlie Russell Hochschild
The Half Has Never Been Told: Slavery and the Making of American Capitalism by Edward Baptist
The New Jim Crow by Michelle Alexander
Slavery by Another Name: The Re-Enslavement of Black Americans from the Civil War to World War II by Douglas A. Blackmon
Inferno: The World at War, 1939-1945 by Max Hastings
The Politics of War: Allied Diplomacy and the World Crisis of 1943-1945 by Gabriel Kolko Labor History:
The Fall of the House of Labor by David Montgomery
Selling Free Enterprise: The Business Assault on Labor and Liberalism, 1945-60 by Elizabeth A. Fones-Wolf
The Market Revolution: Jacksonian America, 1815-1846 by Charles Grier Sellers
Sociopathic Society: A People’s Sociology of the United States by Charles Derber
On the Rojava Experiment:
Revolution in Rojava
Struggles for Autonomy in Kurdistan
A Small Key Can Open a Large Door
Rojava: An Alternative to Imperialism, Nationalism, and Islamism in the Middle East
Coming Down the Mountains
To Dare Imagining: Rojava Revolution
★ Ocalan’s Prison Writings
Anarchism, Socialism, Philosophy, and Science:
Start off with:
Government In The Future(Talk) by Noam Chomsky
Homage to Catalonia by George Orwell
On Anarchism by Mikhail Bakunin
The Limits of State Action by Wilhelm von Humboldt
Also Great
Progress Without People: In Defense of Luddism by David F. Noble
Granny Made Me an Anarchist: General Franco, The Angry Brigade and Me by Stuart Christie
Fashionable Nonsense: Postmodern Intellectuals' Abuse of Science by Alan Sokal
Beyond the Hoax: Science, Philosophy and Culture by Alan Sokal
A Theory of Power by Jeff Vail
Workers' Councils by Anton Pannekoek
The State: Its Origin and Function by William Paul
On Anarchism by Noam Chomsky
The Anarchist Collectives: Workers' Self-Management in the Spanish Revolution 1936-39 by Sam Dolgoff
Anarchism by Daniel Guerin
The Ancestors Tale by Richard Dawkins
Demon Haunted World by Carl Sagan
Memory and the Computational Brain: Why Cognitive Science WIll Transform Neuroscience by Randy Gallistel and Adam Philip King
Vision: A Computational Investigation Into the Human Representation and Processing of Visual Information by David Marr
Economics:
Start off with:
★ ★ Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism by Ha-Joon Chang
★ Making Globalization Work by Joseph Stiglitz
Capital in the 21st Century by Thomas Piketty
Adam Smith and His Legacy for Modern Capitalism by Patricia H. Werhane
Also Great:
Democracy at Work: A Cure for Capitalism by Richard Wolff
Das Kapital by Karl Marx
Wealth of Nations by Adam Smith
Affluence and Influence: Economic Inequality and Political Power in America by Martin Gilens
America Beyond Capitalism by Gar Alperovitz
The ABCs of Political Economy: A Modern Approach by Robert Hahnel
★ ★ Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems by Thomas Ferguson
The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer by Dean Baker
Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer by Dean Baker
Unequal Democracy: The Political Economy of the New Gilded Age by Larry M. Bartels
Understanding Capitalism: Critical Analysis From Karl Marx to Amartya Sen by Douglas Down
Whose Crisis, Whose Future?: Towards a Greener, Fairer, Richer World by Susan George
Business as Usual: The Economic Crisis and the Failure of Capitalism by Paul Mattock Jr.
Greening the Global Economy by Robert Pollin
Capitalism: A Ghost Story by Arundhati Roy
Political Economy and Laissez Faire by Rajani Kannepalli Kanth
The Great Transformation: The Political and Economic Origins of Our Time by Karl Polanyi
Miscellaneous:
★ Discipline and Punish, by Michel Foucault
Chasing the Scream: The First and Last Days of the War on Drugs by Johann Hari
Controlling the Dangerous Classes by Randall G. Shelden
Pedagogy of the Opressed by Paulo Freire
The Verso Book of Dissent: From Spartacus to the Shoe-Thrower of Baghdad by Andrew Hsiao
Don't Mourn, Balkanize!: Essays After Yugoslavia by Andrej Grubačić
★ Field Notes on Democracy: Listening to Grasshoppers by Arundhati Roy
Voices from the Plain of Jars: Life under an Air War by Fred Branfman
We by Yevgeny Zamyatin
In Praise of Barbarians by Mike Davis
Damming the Flood by Peter Hallward
Hope and Folly: The United States and UNESCO, 1945-1985 by Edward Herman and Herbert Schiller
Fanshen: A Documentary of Revolution in a Chinese Village by William Hinton
The Egy