Bitcoin Price Forecast 2020: BTC, the ultimate store of value

Rough days transcript: the best is yet to come, kill the old system, BUIDL time, we live in a DeFi bubble, power to the edges, voting challenge and rembeber you're in control kids!

Hi everybody, Charles Hoskinson here, live from warm sunny Colorado! Always warm, always sunny, sometimes Colorado. I got my Massey Ferguson hat on. Take that off, see, my hair's all messed up. One of these days and we'll lose all that hair.
It's a rough day today and that markets are terrible down 20 percent for most people and every now and then I talk about price. I rarely do but in general let's talk about the macro. You know crypto is a unique phenomenon. It's a unique thing and these are crazy times. I remember just a few months back when coronavirus first came out and we saw basically everything just bottom out everybody went crazy. They went to cash all asset classes. Just went to hell in a handbasket and I did a video and I said guys our best days are ahead of us as an ecosystem and as an industry and what happened everything got better over time. People started getting more optimistic. You know the reality is that we are seeing an old industry die right now, the legacy financial system.
I just read Biden's tax plan. He wants to treat capital gains as ordinary income and put another 12 and a half percent on top of that. All this stuff and at the end of the day all these new taxes amount to a trillion or so extra dollars I think per year in income... Takes six years to the make back what they printed out of thin air for coronavirus and are willing to print again which begs the question why do we even pay taxes anymore if we can just print money out of thin air? We have a whole movement of people: the AOC crowd wake up every day and they say modern monetary theory, the actual supply, doesn't matter. All that matters is how much can we print and get away with it. This is where we're at as an economy right now and globally speaking a lot of other nations agree with this. So, given that the whole world, the leadership of the world, talking about negative interest rates, they're talking about predatory financial systems hyperinflation. Just print money, modern monetary theory, just print as much cash as you want and we look to the cryptocurrency industry, and god, we got a lot of problems...
I think this (week's market) collapse is probably because one of the most prominent exchanges in South Korea got hit. They got shut down by the South Korean government and they at one time were responsible for a big part of the Kimchi premium and you know what? Korean government might shut down a few more Korean exchanges and usually the market based these things in. We got crazy yield farming weird stuff going on in the DeFi space. All these other local events and their blips they don't really matter that much just like corona in the long term won't matter too much in terms of the markets. What matters is the trend and where are we going. I had a meeting with some people this morning and we talked about revolutionizing the healthcare industry and getting things better in terms of supply chains. I had another meeting with a soon-to-be former Wyoming state representative about how we're going to get governments to adopt blockchain technology. I talk every day to governors, heads of state, congressmen, senators, mayors. Some cities, sometimes very large cities, with millions of people and they all say the same thing. We need help, we need solutions, we're damn tired of the way that the old system is running. You know what? if we don't solve it a lot of people are going to get hurt or continue to be hurt.
The common theme that we all have is no one's happy. Look at the black-lives-matter protests, taking their philosophy of the organization aside, the rank and file people are there not because they love Marxism. They're there because they're unhappy with the way society is and why shouldn't they be? When my grandfather, got his first job, on my mom's side, out of the Korean war, he was a lineman and he made enough money from that job to have seven kids and have his wife stay at home. No college degree, fresh out of high school, fresh out of marine demolitions and a lineman. Five boys and two girls and he could take care of that family and save money every month. Have a car and a house and that was his standard of living. How many people in the middle class today in the United States or Europe for that matter have the ability on a single person's salary to raise seven children and have the wife or the husband stay at home? How many people, not many, why? because our monetary system has failed us. The inflationary policy has created a situation where the Jeff Bezos can have 200 billion dollars and make windfall profits every year regardless of how bad the economy is. The everyday people they don't get a pay increase, so in a lot of cases they don't get to keep their job and their money deteriorates in value a lot more than three percent per year.
Our industry has principles in that we worship the math and the protocols and the stable monetary policy. These types of things, and as corrupt as some of the exchanges can be, and some of the bad actors are, all movements suffer from these warts, and they're finite and temporary. You run out of them. At some point self-regulation kicks in or standards kick in and these bad actors flush out and what's left behind is a crucible that contains the truth of the matter which is: we're going to win as an industry. There's just no doubt in my mind. You have bad days in the market, you have damn good days in the market, you get addicted to the good ones and you hate the bad ones but at the end of the day it's only going in one direction which is crypto is going to eat the world: every voting system, every property registration system, every monetary system, the next 25 to 50 years is going to be running on the tech we build and others build and running with the principles of power to the edges.
This is the great challenge of our time. To do it in a way that it's fair, transparent, open and doesn't allow a government to co-opt it. It's gonna be a lot of fights here. The least of our concerns and matters are a red day and every now and then I like making these videos to remind people why I'm here and why you should be here too. As toxic as the trolls could be and these other people can be, none of them really matter. Markets don't really matter, what matters are the principles and the purpose behind what we do and you have to ask yourself are you happy with the way that society is? Are you happy with the money in your pocket? Are you happy with the political leadership representing your nations? Are you happy with your future and do you honestly believe if we keep doing the things that we did and continue to do that the future is going to be better or do you think it's going to be worse or stagnant?
I think too many people have woken up and they realize that if we continue doing the things that we do the future is going to be a bad place and they don't want that to happen. We're voting with our wallets, we're voting with our feet and we as a collective industry are waking up and figuring out how to build something better and there's some good days and bad days along the way. Today's a bad one but there are going to be good days tomorrow just like I told you back when corona made everything go into free fall and I told you before and I warned you about with ICO mania.
We're in a DeFi bubble right now, there's no doubt in my mind about that. I saw it in 2017 with ICO mania. I see it here and there's probably going to be worse days ahead in that respect but the trend is always the same and never forget that and never forget that real people are actually adopting these systems and using them. Every day we see more and more and every day that movement grows and what's so humbling is that I know a lot of you are here with me. It used to be pretty lonely space to be in a few years back. You know, the conferences, they didn't have many people. My first bitcoin meetup group in 2011 in Colorado is at the gypsy house cafe I think, in Denver. I registered for the event I showed up. Two people registered myself and another guy and the other guy didn't show up so I had coffee with myself. Compare that with the Shelley summit that we had in July of 2020. 10 000 attendees, 10 000 from all across the world, compare that to where we are at today just nine years later pretty amazing if you think about how fast things have grown and how many fertile beautiful ideas exist in this industry and what this industry is doing for the world as a whole.
That is why we're going to win because at the end of day who can argue against freedom? Who can argue against liberty? Who can argue against putting people in control? The only way you can is when you believe people are stupid, people are evil, people are incapable and I suppose that's a philosophical difference between those who currently lead and the people who want to replace them. The people in charge right now of the world, the big banks, the fortune 500 companies, the media, Hollywood... These things, they're very cynical, people who believe in the worst in us they look at everyday people who sustain and disgust and say these people if left to their own devices will be chaos. These people, if left to govern themselves will burn everything to the ground and destroy everything and every single time I have ever seen a bad event happen what the news doesn't show you and what those people don't talk about is how we come together and help each other out. Someone gets injured in the streets more often than not people show up and help them, people need a helping hand. Someone always shows up more often than not and this is no different. I don't believe the political process is effective anymore in any modern democracy. They've all been co-opted, perhaps they always were but what I do believe is that we can come together and change things economically which is what we're doing.
It's messy building our own money, it is messy building our own industry, it is messy. We make a lot of mistakes along the way. We lose a lot along the way, we collect some scars too while we're at it but progress every year keeps being made. The technology every year keeps getting better. Today, right here right now, provably secure proof of stake protocols are in circulation. They were a fantasy five years ago now they're a fact of life today. Right here right now snarks have evolved by an order of magnitude in every category from validation time to efficiency to proof size in all favorable ways which opens up all kinds of new applications and scalability and privacy. Today, right here right now, layer 2 protocols are more advanced than they have ever been in our industry's history giving us the ability to build payment systems that scale to billions of people. Today, right here right now, we are seeing massive innovations in governance and a fertile environment for things like approval voting, threshold voting, preference voting, quadratic voting, that will enable us to build all kinds of new treasuries and governance systems that eventually will scale to nation states.
As the politicians of today argue whether the post office can properly count paper ballots that people mail we are building voting systems with state-of-the-art cryptography living on phones where you can vote. It's just a tap of a button and enjoy more security than we have ever imagined before. That is the future this movement, is enabling humanity money flowing at the speed of thought and the speed of thought making new money. How can you compete with that? You can't unless you bring people down with cynicism and disdain and ultimately what competing vision do they offer? That you all should be in chains? That we should just be wage slaves? We should just accept that every year our money deteriorates in value? That we should just accept that the rich will get richer the poor get poorer? Every now and then they throw us table scraps and when we get real angry they usurp the movements and then install their own leadership to basically take those movements from us as we've seen so many times before and we will see again. I'm sorry that's not a road I want to walk down and I'm willing to ride rocky waters, crazy markets, crazy people in unlimited FUD and trolling but I will never apologize for believing in the best in people and I will never apologize for believing that if only we give everyone around us the tools to save themselves and society that they can do it.
They don't need great leaders and charisma. No one needs someone to tell them what to do. We all know what to do. We all know how to make the world a better place. We just have to be trusted enough to do it ourselves. You know what for the first time ever we did with bitcoin and then we did it again with ethereum and now we're doing it again with Cardano and we as a movement will continue to do it.
I believe our best days are ahead of us and every day I wake up and there's more people marching with me in that respect and one day it'll be millions and one day it'll be billions and one day all those cynics will be gone, replaced with optimists, who once again believe that tomorrow is going to be better than today and that we're going to leave the world just a little bit better than the way we found it. So, every now and then on a tough day I like making a little message and letting you guys all know it's going to be better and you know what? it will be. Just have to have faith that it will be. So, hold the line, hold strong and have faith in each other and go do something, build something, start something.
Got a lot of podcasts on the way, a lot of things coming down the pipe. For the dc-fund, a lot of opportunities to actually innovate. Multi assets are coming, soon Plutus is coming, soon guys are going to be able to build a lot. Start thinking today what's the business plan? What would you like to change, small or large. You don't complain about voting. Change voting. Your own organization, maybe you belong to a club, do a blockchain-based voting system. Maybe you have some political influence? Have a primary, democrat or republican, or your local primary or country for selecting candidates done with blockchain-based voting. Maybe you want to build a new financial product? Think about it, figure it out. There's so much there, it's all there, it's ready to go, it's for you to take and build and innovate with.
Every day I wake up I try to make the platforms better. I try to push the technology a little further along. I try to hire great people and bring them into our industry. Cardano brought the Haskell industry into the cryptocurrency space. Cardano brought a lot of academics who had never thought about cryptocurrencies into the cryptocurrency space and we made our problems their problems and as a consequence they started solving them in ways we could have never done before. Most importantly Cardano brought a lot of you into the cryptocurrency space and you never thought you'd have this level of control and freedom over the fabric of society in the direction of the human race. Don't let that slip through your fingers. Figure out what you want to do with that super power. Might be small, might be big. I dreamed big, you can dream big too, even if you want to just dream small. Every person counts, every action counts up to the hill. Y'all matter to me and to each other and we're all in this together, never forget that! So, hard day, rough day, tomorrow will be a better one. The day after will even be better. See you guys soon, take care...
Source: https://www.youtube.com/watch?v=qM192wAV4LA
On Kimchi premium: https://www.investopedia.com/terms/k/kimchi-premium.asp
EDIT: title typo -> rembeber -> remember :)
submitted by stake_pool to cardano [link] [comments]

/r/Scams Common Scam Master Post

Hello visitors and subscribers of scams! Here you will find a master list of common (and uncommon) scams that you may encounter online or in real life. Thank you to the many contributors who helped create this thread!

If you know of a scam that is not covered here, write a comment and it will be added to the next edition.

Previous threads: https://old.reddit.com/Scams/search?q=common+scams+master+post&restrict_sr=on
Blackmail email scam thread: https://www.reddit.com/Scams/comments/jij7zf/the_blackmail_email_scam_part_6/
Some of these articles are from small, local publications and refer to the scam happening in a specific area. Do not think that this means that the scam won't happen in your area.

Spoofing

Caller ID spoofing
It is very easy for anyone to make a phone call while having any number show up on the caller ID of the person receiving the phone call. Receiving a phone call from a certain number does not mean that the person/company who owns that number has actually called you.
Email spoofing
The "from" field of an email can be set by the sender, meaning that you can receive scam emails that look like they are from legitimate addresses. It's important to never click links in emails unless absolutely necessary, for example a password reset link you requested or an account activation link for an account you created.
SMS spoofing
SMS messages can be spoofed, so be wary of messages that seem to be from your friends or other trusted people.

The most common scams

The fake check scam (Credit to nimble2 for this part)
The fake check scam arises from many different situations (for instance, you applied for a job, or you are selling something on a place like Craigslist, or someone wants to purchase goods or services from your business, or you were offered a job as a mystery shopper, you were asked to wrap your car with an advertisement, or you received a check in the mail for no reason), but the bottom line is always something like this:
General fraudulent funds scams If somebody is asking you to accept and send out money as a favour or as part of a job, it is a fraudulent funds scam. It does not matter how they pay you, any payment on any service can be fraudulent and will be reversed when it is discovered to be fraudulent.
Phone verification code scams Someone will ask you to receive a verification text and then tell you to give them the code. Usually the code will come from Google Voice, or from Craigslist. In the Google version of the scam, your phone number will be used to verify a Google Voice account that the scammer will use to scam people with. In the Craigslist version of the scam, your phone number will be used to verify a Craigslist posting that the scammer will use to scam people. There is also an account takeover version of this scam that will involve the scammer sending a password reset token to your phone number and asking you for it.
Bitcoin job scams
Bitcoin job scams involve some sort of fraudulent funds transfer, usually a fake check although a fraudulent bank transfer can be used as well. The scammer will send you the fraudulent money and ask you to purchase bitcoins. This is a scam, and you will have zero recourse after you send the scammer bitcoins.
Email flooding
If you suddenly receive hundreds or thousands of spam emails, usually subscription confirmations, it's very likely that one of your online accounts has been taken over and is being used fraudulently. You should check any of your accounts that has a credit card linked to it, preferably from a computer other than the one you normally use. You should change all of your passwords to unique passwords and you should start using two factor authentication everywhere.
Cartel scam
You will be threatened by scammers who claim to be affiliated with a cartel. They may send you gory pictures and threaten your life and the lives of your family. Usually the victim will have attempted to contact an escort prior to the scam, but sometimes the scammers target people randomly. If you are targeted by a cartel scam all you need to do is ignore the scammers as their threats are clearly empty.
Boss/CEO scam A scammer will impersonate your boss or someone who works at your company and will ask you to run an errand for them, which will usually be purchasing gift cards and sending them the code. Once the scammer has the code, you have no recourse.
Employment certification scams
You will receive a job offer that is dependent on you completing a course or receiving a certification from a company the scammer tells you about. The scammer operates both websites and the job does not exist.
Craigslist fake payment scams
Scammers will ask you about your item that you have listed for sale on a site like Craigslist, and will ask to pay you via Paypal. They are scamming you, and the payment in most cases does not actually exist, the email you received was sent by the scammers. In cases where you have received a payment, the scammer can dispute the payment or the payment may be entirely fraudulent. The scammer will then either try to get you to send money to them using the fake funds that they did not send to you, or will ask you to ship the item, usually to a re-shipping facility or a parcel mule.
Craigslist Carfax/vehicle history scam
You'll encounter a scammer on Craigslist who wants to buy the vehicle you have listed, but they will ask for a VIN report from a random site that they have created and they will expect you to pay for it.
Double dip/recovery scammers
This is a scam aimed at people who have already fallen for a scam previously. Scammers will reach out to the victim and claim to be able to help the victim recover funds they lost in the scam.
General fraudulent funds scams The fake check scam is not the only scam that involves accepting fraudulent/fake funds and purchasing items for scammers. If your job or opportunity involves accepting money and then using that money, it is almost certainly a frauduent funds scam. Even if the payment is through a bank transfer, Paypal, Venmo, Zelle, Interac e-Transfer, etc, it does not matter.
Credit card debt scam
Fraudsters will offer to pay off your bills, and will do so with fraudulent funds. Sometimes it will be your credit card bill, but it can be any bill that can be paid online. Once they pay it off, they will ask you to send them money or purchase items for them. The fraudulent transaction will be reversed in the future and you will never be able to keep the money. This scam happens on sites like Craigslist, Twitter, Instagram, and also some dating sites, including SeekingArrangement.
The parcel mule scam
A scammer will contact you with a job opportunity that involves accepting and reshipping packages. The packages are either stolen or fraudulently obtained items, and you will not be paid by the scammer. Here is a news article about a scam victim who fell for this scam and reshipped over 20 packages containing fraudulently acquired goods.
The Skype sex scam
You're on Facebook and you get a friend request from a cute girl you've never met. She wants to start sexting and trading nudes. She'll ask you to send pictures or videos or get on webcam where she can see you naked with your face in the picture. The scam: There's no girl. You've sent nudes to a guy pretending to be a girl. As soon as he has the pictures he'll demand money and threaten to send the pictures to your friends and family. Sometimes the scammer will upload the video to a porn site or Youtube to show that they are serious.
What to do if you are a victim of this scam: You cannot buy silence, you can only rent it. Paying the blackmailer will show them that the information they have is valuable and they will come after you for more money. Let your friends and family know that you were scammed and tell them to ignore friend requests or messages from people they don't know. Also, make sure your privacy settings are locked down and consider deactivating your account.
The underage girl scam
You're on a dating site or app and you get contacted by a cute girl. She wants to start sexting and trading nudes. Eventually she stops communicating and you get a call from a pissed off guy claiming to be the girl's father, or a police officer, or a private investigator, or something else along those lines. Turns out the girl you were sexting is underage, and her parents want some money for various reasons, such as to pay for a new phone, to pay for therapy, etc. There is, of course, no girl. You were communicating with a scammer.
What to do if you are a victim of this scam: Stop picking up the phone when the scammers call. Do not pay them, or they will be after you for more money.
Phishing
Phishing is when a scammer tries to trick you into giving information to them, such as your password or private financial information. Phishing messages will usually look very similar to official messages, and sometimes they are identical. If you are ever required to login to a different account in order to use a service, you should be incredibly cautious.
The blackmail email scam part 5: https://old.reddit.com/Scams/comments/g8jqnthe_blackmail_email_scam_part_5/
PSA: you did not win a giftcard: https://old.reddit.com/Scams/comments/fffmle/psa_you_did_not_win_a_gift_card/
Sugar scams
Sugar scammers operate all over the internet and usually come in two varieties: advance-fee scams where the scammer will ask for a payment from you before sending you lots of money, and fake check style scams where the scammer will either pull a classic fake check scam, or will do a "bill pay" style scam that involves them paying your bills, or them giving you banking information to pay your bills. If you encounter these scammers, report their accounts and move on.
Google Hangouts
Google Hangouts is a messaging platform used extensively by all kinds of scammers. If you are talking with someone online and they want you to switch to Hangouts, they are likely a scammer and you should proceed with caution.
Publishers Clearing House scams
PCH scams are often advance-fee scams, where you will be promised lots of money after you make an initial payment. You will never need to pay if you win money from the real PCH.
Pet scams
You are looking for a specific breed of puppy, bird, or other pet. You come across a nice-looking website that claims to be breeding them and has some available right now - they may even be on sale! The breeders are not local to your area (and may not even list a physical location) but they assure you they can safely ship the pet to you after a deposit or full payment. If you go through with the payment, you will likely be contacted by the "shipper" who will inform you about an unexpected shipping/customs/processing fee required to deliver your new pet. But there was never any pet, both the "breeder" and the "shipper" are scammers, typically operating out of Africa. These sites are rampant and account for a large percentage of online pet seller websites - they typically have a similar layout/template (screenshot - example)
If you are considering buying a pet online, some easy things to check are: (1) The registration date of the domain (if it was created recently it is likely a scam website) (2) Reverse image search the pictures of available pets - you will usually find other scam websites using the same photos. (3) Copy a sentence/section of the text from the "about us" page and put it into google (in quotes) - these scammers often copy large parts of their website's text from other places. (4) Search for the domain name and look for entries on petscams.com or other scam-tracking sites. (5) Strongly consider buying/adopting your pet from a local shelter or breeder where you can see the animal in person before putting any money down.
Thanks to djscsi for this entry.
Fake shipping company scams
These scams usually start when you try to buy something illegal online. You will be scammed for the initial payment, and then you will receive an email from the fake shipping company telling you that you need to pay them some sort of fee or bribe. If you pay this, they will keep trying to scam you with increasingly absurd stories until you stop paying, at which point they will blackmail you. If you are involved in this scam, all you can do is ignore the scammers and move on, and try to dispute your payments if possible.
Chinese Upwork scam
Someone will ask you to create an Upwork or other freelancer site account for them and will offer money in return. You will not be paid, and they want to use the accounts to scam people.
Quickbooks invoice scam
This is a fake check style scam that takes advantage of Quickbooks.
The blackmail email scam The exact wording of the emails varies, but there are generally four main parts. They claim to have placed software/malware on a porn/adult video site, they claim to have a video of you masturbating or watching porn, they threaten to release the video to your friends/family/loved ones/boss/dog, and they demand that you pay them in order for them to delete the video. Rest assured that this is a very common spam campaign and there is no truth behind the email or the threats. Here are some news articles about this scam.
The blackmail mail scam
This is very similar to the blackmail email scam, but you will receive a letter in the mail.
Rental scams Usually on local sites like Craigslist, scammers will steal photos from legitimate real estate listings and will list them for rent at or below market rate. They will generally be hesitant to tell you the address of the property for "safety reasons" and you will not be able to see the unit. They will then ask you to pay them a deposit and they claim they will ship you the keys. In reality, your money is gone and you will have no recourse.
Craigslist vehicle scams A scammer will list a vehicle on Craigslist and will offer to ship you the car. In many cases they will also falsely claim to sell you the car through eBay or Amazon. If you are looking for a car on Craigslist and the seller says anything about shipping the car, having an agent, gives you a long story about why they are selling the car, or the listing price is far too low, you are talking to a scammer and you should ignore and move on.
Advance-fee scam, also known as the 419 scam, or the Nigerian prince scam. You will receive a communication from someone who claims that you are entitled to a large sum of money, or you can help them obtain a large sum of money. However, they will need money from you before you receive the large sum.
Man in the middle scams
Man in the middle scams are very common and very hard to detect. The scammer will impersonate a company or person you are legitimately doing business with, and they will ask you to send the money to one of their own bank accounts or one controlled by a money mule. They have gained access to the legitimate persons email address, so there will be nothing suspicious about the email. To prevent this, make contact in a different way that lets you verify that the person you are talking to is the person you think you are talking to.
Digit wallet scam
A variation of the fake check scam, the scammer sends you money through a digital wallet (i.e. Venmo, Apple Pay, Zelle, Cash App) along with a message claiming they've sent the money to the wrong person and a request to send the money back. Customer service for these digital wallets may even suggest that you send the money back. However, the money sent is from a stolen credit card and will be removed from your account after a few days. Your transfer is not reversed since it came from your own funds.
Cam girl voting/viewer scam
You will encounter a "cam girl" on a dating/messaging/social media/whatever site/app, and the scammer will ask you to go to their site and sign up with your credit card. They may offer a free show, or ask you to vote for them, or any number of other fake stories.
Amateur porn recruitment scam
You will encounter a "pornstar" on a dating/messaging/social media/whatever site/app, and the scammer will ask you to create an adult film with hehim, but first you need to do something. The story here is usually something to do with verifying your age, or you needing to take an STD test that involves sending money to a site operated by the scammer.
Hot girl SMS spam
You receive a text from a random number with a message along the lines of "Hey babe I'm here in town again if you wanted to meet up this time, are you around?" accompanied by a NSFW picture of a hot girl. It's spam, and they'll direct you to their scam website that requires a credit card.
Identity verification scam
You will encounter someone on a dating/messaging/social media/whatever site/app, and the scammer will ask that you verify your identity as they are worried about catfishing. The scammer operates the site, and you are not talking to whoever you think you are talking to.
This type of scam teases you with something, then tries to make you sign up for something else that costs money. The company involved is often innocent, but they turn a blind eye to the practice as it helps their bottom line, even if they have to occasionally issue refunds. A common variation takes place on dating sites/dating apps, where you will match with someone who claims to be a camgirl who wants you to sign up for a site and vote for her. Another variation takes place on local sites like Craigslist, where the scammers setup fake rental scams and demand that you go through a specific service for a credit check. Once you go through with it, the scammer will stop talking to you. Another variation also takes place on local sites like Craigslist, where scammers will contact you while you are selling a car and will ask you to purchase a Carfax-like report from a specific website.
Multi Level Marketing or Affiliate Marketing
You apply for a vague job listing for 'sales' on craigslist. Or maybe an old friend from high school adds you on Facebook and says they have an amazing business opportunity for you. Or maybe the well dressed guy who's always interviewing people in the Starbucks that you work at asks if you really want to be slinging coffee the rest of your life. The scam: MLMs are little more than pyramid schemes. They involve buying some sort of product (usually snake oil health products like body wraps or supplements) and shilling them to your friends and family. They claim that the really money is recruiting people underneath you who give you a slice of whatever they sell. And if those people underneath you recruit more people, you get a piece of their sales. Ideally if you big enough pyramid underneath you the money will roll in without any work on your part. Failure to see any profit will be your fault for not "wanting it enough." The companies will claim that you need to buy their extra training modules or webinars to really start selling. But in reality, the vast majority of people who buy into a MLM won't see a cent. At the end of the day all you'll be doing is annoying your friends and family with your constant recruitment efforts. What to look out for: Recruiters love to be vague. They won't tell you the name of the company or what exactly the job will entail. They'll pump you up with promises of "self-generating income", "being your own boss", and "owning your own company." They might ask you to read books about success and entrepreneurs. They're hoping you buy into the dream first. If you get approached via social media, check their timelines. MLMs will often instruct their victims to pretend that they've already made it. They'll constantly post about how they're hustling and making the big bucks and linking to youtube videos about success. Again, all very vague about what their job actually entails. If you think you're being recruited: Ask them what exactly the job is. If they can't answer its probably a MLM. Just walk away.

Phone scams

You should generally avoid answering or engaging with random phone calls. Picking up and engaging with a scam call tells the scammers that your phone number is active, and will usually lead to more calls.
Tax Call
You get a call from somebody claiming to be from your countries tax agency. They say you have unpaid taxes that need to be paid immediately, and you may be arrested or have other legal action taken against you if it is not paid. This scam has caused the American IRS, Canadian CRA, British HMRC, and Australian Tax Office to issue warnings. This scam happens in a wide variety of countries all over the world.
Warrant Call
Very similar to the tax call. You'll get a phone call from an "agent", "officer", "sheriff", or other law enforcement officer claiming that there is a warrant out for your arrest and you will be arrested very soon. They will then offer to settle everything for a fee, usually paid in giftcards.
[Legal Documents/Process Server Calls]
Very similar to the warrant call. You'll get a phone call from a scammer claiming that they are going to serve you legal documents, and they will threaten you with legal consequences if you refuse to comply. They may call themselves "investigators", and will sometimes give you a fake case number.
Student Loan Forgiveness Scam
Scammers will call you and tell you about a student loan forgiveness program, but they are interested in obtaining private information about you or demanding money in order to join the fake program.
Tech Support Call You receive a call from someone with a heavy accent claiming to be a technician Microsoft or your ISP. They inform you that your PC has a virus and your online banking and other accounts may be compromised if the virus is not removed. They'll have you type in commands and view diagnostics on your PC which shows proof of the virus. Then they'll have you install remote support software so the technician can work on your PC, remove the virus, and install security software. The cost of the labor and software can be hundreds of dollars. The scam: There's no virus. The technician isn't a technician and does not work for Microsoft or your ISP. Scammers (primarily out of India) use autodialers to cold-call everyone in the US. Any file they point out to you or command they have you run is completely benign. The software they sell you is either freeware or ineffective. What to do you if you're involved with this scam: If the scammers are remotely on your computer as you read this, turn off your PC or laptop via the power button immediately, and then if possible unplug your internet connection. Some of the more vindictive tech scammers have been known to create boot passwords on your computer if they think you've become wise to them and aren't going to pay up. Hang up on the scammers, block the number, and ignore any threats about payment. Performing a system restore on your PC is usually all that is required to remove the scammer's common remote access software. Reports of identity theft from fake tech calls are uncommon, but it would still be a good idea to change your passwords for online banking and monitor your accounts for any possible fraud. How to avoid: Ignore any calls claiming that your PC has a virus. Microsoft will never contact you. If you're unsure if a call claiming to be from your ISP is legit, hang up, and then dial the customer support number listed on a recent bill. If you have elderly relatives or family that isn't tech savvy, take the time to fill them in on this scam.
Chinese government scam
This scam is aimed at Chinese people living in Europe and North America, and involves a voicemail from someone claiming to be associated with the Chinese government, usually through the Chinese consulate/embassy, who is threatening legal action or making general threats.
Chinese shipping scam
This scam is similar to the Chinese government scam, but involves a seized/suspicious package, and the scammers will connect the victim to other scammers posing as Chinese government investigators.
Social security suspension scam
You will receive a call from someone claiming to work for the government regarding suspicious activity, fraud, or serious crimes connected to your social security number. You'll be asked to speak to an operator and the operator will explain the steps you need to follow in order to fix the problems. It's all a scam, and will lead to you losing money and could lead to identity theft if you give them private financial information.
Utilities cutoff
You get a call from someone who claims that they are from your utility company, and they claim that your utilities will be shut off unless you immediately pay. The scammer will usually ask for payment via gift cards, although they may ask for payment in other ways, such as Western Union or bitcoin.
Relative in custody Scammer claims to be the police, and they have your son/daughtenephew/estranged twin in custody. You need to post bail (for some reason in iTunes gift cards or MoneyGram) immediately or the consequences will never be the same.
Mexican family scam
This scam comes in many different flavours, but always involves someone in your family and Mexico. Sometimes the scammer will claim that your family member has been detained, sometimes the scammer will claim that your family member has been kidnapped, and sometimes the scammer will claim that your family member is injured and needs help.
General family scams
Scammers will gather a large amount of information about you and target your family members using different stories with the goal of gettimg them to send money.
One ring scam
Scammers will call you from an international number with the goal of getting you to return their call, causing you to incur expensive calling fees.

Online shopping scams

THE GOLDEN RULE OF ONLINE SHOPPING: If it sounds too good to be true, it probably is.
Dropshipping
An ad on reddit or social media sites like Facebook and Instagram offers items at huge discounts or even free (sometimes requiring you to reblog or like their page). They just ask you to pay shipping. The scam: The item will turn out to be very low quality and will take weeks or even months to arrive. Sometimes the item never arrives, and the store disappears or stops responding. The seller drop-ships the item from China. The item may only cost a few dollars, and the Chinese government actually pays for the shipping. You end up paying $10-$15 dollars for a $4 item, with the scammer keeping the profit. If you find one of these scams but really have your heart set on the item, you can find it on AliExpress or another Chinese retailer.
Influencer scams
A user will reach out to you on a social media platform, usually Instagram, and offer you the chance to partner with them and receive a free/discounted product, as long as you pay shipping. This is a different version of the dropshipping scam, and is just a marketing technique to get you to buy their products.
Triangulation fraud
Triangulation fraud occurs when you make a purchase on a site like Amazon or eBay for an item at a lower than market price, and receive an item that was clearly purchased new at full price. The scammer uses a stolen credit card to order your item, while the money from the listing is almost all profit for the scammer.
Instagram influencer scams
Someone will message you on Instagram asking you to promote their products, and offering you a discount code. The items are Chinese junk, and the offer is made to many people at a time.
Cheap Items
Many websites pop up and offer expensive products, including electronics, clothes, watches, sunglasses, and shoes at very low prices. The scam: Some sites are selling cheap knock-offs. Some will just take your money and run. What to do if you think you're involved with this scam: Contact your bank or credit card and dispute the charge. How to avoid: The sites often have every brand-name shoe or fashion item (Air Jordan, Yeezy, Gucci, etc) in stock and often at a discounted price. The site will claim to be an outlet for a major brand or even a specific line or item. The site will have images at the bottom claiming to be Secured by Norton or various official payment processors but not actual links. The site will have poor grammar and a mish-mash of categories. Recently, established websites will get hacked or their domain name jacked and turned into scam stores, meaning the domain name of the store will be completely unrelated to the items they're selling. If the deal sounds too good to be true it probably is. Nobody is offering brand new iPhones or Beats or Nintendo Switches for 75% off.
Cheap Amazon 3rd Party Items
You're on Amazon or maybe just Googling for an item and you see it for an unbelievable price from a third-party seller. You know Amazon has your back so you order it. The scam: One of three things usually happen: 1) The seller marks the items as shipped and sends a fake tracking number. Amazon releases the funds to the seller, and the seller disappears. Amazon ultimately refunds your money. 2) The seller immediately cancels the order and instructs you to re-order the item directly from their website, usually with the guarantee that the order is still protected by Amazon. The seller takes your money and runs. Amazon informs you that they do not offer protection on items sold outside of Amazon and cannot help you. 2) The seller immediately cancels the order and instructs you to instead send payment via an unused Amazon gift card by sending the code on the back via email. Once the seller uses the code, the money on the card is gone and cannot be refunded. How to avoid: These scammers can be identified by looking at their Amazon storefronts. They'll be brand new sellers offering a wide range of items at unbelievable prices. Usually their Amazon names will be gibberish, or a variation on FIRSTNAME.LASTNAME. Occasionally however, established storefronts will be hacked. If the deal is too good to be true its most likely a scam.
Scams on eBay
There are scams on eBay targeting both buyers and sellers. As a seller, you should look out for people who privately message you regarding the order, especially if they ask you to ship to a different address or ask to negotiate via text/email/a messaging service. As a buyer you should look out for new accounts selling in-demand items, established accounts selling in-demand items that they have no previous connection to (you can check their feedback history for a general idea of what they bought/sold in the past), and lookout for people who ask you to go off eBay and use another service to complete the transaction. In many cases you will receive a fake tracking number and your money will be help up for up to a month.
Scams on Amazon
There are scams on Amazon targeting both buyers and sellers. As a seller, you should look out for people who message you about a listing. As a buyer you should look out for listings that have an email address for you to contact the person to complete the transaction, and you should look out for cheap listings of in-demand items.
Scams on Reddit
Reddit accounts are frequently purchased and sold by fraudsters who wish to use the high karma count + the age of the account to scam people on buy/sell subreddits. You need to take precautions and be safe whenever you are making a transaction online.
Computer scams
Virus scam
A popup or other ad will say that you have a virus and you need to follow their advice in order to remove it. They are lying, and either want you to install malware or pay for their software.

Assorted scams

Chinese Brushing / direct shipping
If you have ever received an unsolicited small package from China, your address was used to brush. Vendors place fake orders for their own products and send out the orders so that they can increase their ratings.
Money flipping
Scammer claims to be a banking insider who can double/triple/bazoople any amount of money you send them, with no consequences of any kind. Obviously, the money disappears into their wallet the moment you send it.

General resources

Site to report scams in the United Kingdom: http://www.actionfraud.police.uk/
Site to report scams in the United States: https://www.ic3.gov/default.aspx
Site to report scams in Canada: www.antifraudcentre-centreantifraude.ca/reportincident-signalerincident/index-eng.htm
Site to report scams in Europe: https://www.europol.europa.eu/report-a-crime/report-cybercrime-online
FTC scam alerts: https://www.consumer.ftc.gov/scam-alerts
Microsoft's anti-scam guide: https://www.microsoft.com/en-us/safety/online-privacy/avoid-phone-scams.aspx
https://www.usa.gov/common-scams-frauds
https://www.usa.gov/scams-and-frauds
https://www.consumer.ftc.gov/features/scam-alerts
https://www.fbi.gov/scams-and-safety/common-fraud-schemes
submitted by EugeneBYMCMB to Scams [link] [comments]

Meet Brock Pierce, the Presidential Candidate With Ties to Pedophiles Who Wants to End Human Trafficking

thedailybeast.com | Sep. 20, 2020.
The “Mighty Ducks” actor is running for president. He clears the air (sort of) to Tarpley Hitt about his ties to Jeffrey Epstein and more.
In the trailer for First Kid, the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States.
Before First Kid, the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks, before graduating to smaller parts in movies like Problem Child 3: Junior in Love. When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000.
DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three teens filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain.
While abroad, Pierce had pivoted to a new venture: Internet Gaming Entertainment, which sold virtual accessories in multiplayer online role-playing games to those desperate to pay, as one Wired reporter put it, “as much as $1,800 for an eight-piece suit of Skyshatter chain mail” rather than earn it in the games themselves. In 2005, a 25-year-old Pierce hired then-Goldman Sachs banker Steve Bannon—just before he would co-found Breitbart News. Two years later, after a World of Warcraft player sued the company for “diminishing” the fun of the game, Steve Bannon replaced Pierce as CEO.
Collins-Rector eventually pleaded guilty to eight charges of child enticement and registered as a sex offender. In the years that followed, Pierce waded into the gonzo economy of cryptocurrencies, where he overlapped more than once with Jeffrey Epstein, and counseled him on crypto. In that world, he founded Tether, a cryptocurrency that bills itself as a “stablecoin,” because its value is allegedly tied to the U.S. dollar, and the blockchain software company Block.one. Like his earlier businesses, Pierce’s crypto projects see-sawed between massive investments and curious deals. When Block.one announced a smart contract software called EOS.IO, the company raised $4 billion almost overnight, setting an all-time record before the product even launched. The Securities and Exchange Commission later fined the company $24 million for violating federal securities law. After John Oliver mocked the ordeal, calling Pierce a “sleepy, creepy cowboy,” Block.one fired him. Tether, meanwhile, is currently under investigation by the New York Attorney General for possible fraud.
On July 4, Pierce announced his candidacy for president. His campaign surrogates include a former Cambridge Analytica director and the singer Akon, who recently doubled down on developing an anonymously funded, $6 billion “Wakanda-like” metropolis in Senegal called Akon City. Pierce claims to be bipartisan, and from the 11 paragraphs on the “Policy” section of his website it can be hard to determine where he falls on the political spectrum. He supports legalizing marijuana and abolishing private prisons, but avoids the phrase “climate change.” He wants to end “human trafficking.” His proposal to end police brutality: body cams.
His political contributions tell a more one-sided story. Pierce’s sole Democratic contribution went to the short-lived congressional run of crypto candidate Brian Forde. The rest went to Republican campaigns like Marco Rubio, Rick Perry, John McCain, and the National Right to Life Political Action Committee. Last year alone, Pierce gave over $44,000 to the Republican National Committee and more than $55,000 to Trump’s re-election fund.
Pierce spoke to The Daily Beast from his tour bus and again over email. Those conversations have been combined and edited for clarity.
You’re announcing your presidential candidacy somewhat late, and historically, third-party candidates haven’t had the best luck with the executive office. If you don’t have a strong path to the White House, what do you want out of the race?
I announced on July 4, which I think is quite an auspicious date for an Independent candidate, hoping to bring independence to this country. There’s a lot of things that I can do. One is: I’m 39 years old. I turn 40 in November. So I’ve got time on my side. Whatever happens in this election cycle, I’m laying the groundwork for the future. The overall mission is to create a third major party—not another third party—a third major party in this country. I think that is what America needs most. George Washington in his closing address warned us about the threat of political parties. John Adams and the other founding fathers—their fear for our future was two political parties becoming dominant. And look at where we are. We were warned.
I believe, having studied systems, any time you have a system of two, what happens is those two things come together, like magnets. They come into collision, or they become polarized and become completely divided. I think we need to rise above partisan politics and find a path forward together. As Albert Einstein is quoted—I’m not sure the line came from him, but he’s quoted in many places—he said that the definition of insanity is making the same mistake or doing the same thing over and over and over again, expecting a different result. [Ed. note: Einstein never said this.] It feels like that’s what our election cycle is like. Half the country feels like they won, half the country feels like they lost, at least if they voted or participated.
Obviously, there’s another late-comer to the presidential race, and that’s Kanye West. He’s received a lot of flak for his candidacy, as he’s openly admitted to trying to siphon votes away from Joe Biden to ensure a Trump victory. Is that something you’re hoping to avoid or is that what you’re going for as well?
Oh no. This is a very serious campaign. Our campaign is very serious. You’ll notice I don’t say anything negative about either of the two major political candidates, because I think that’s one of the problems with our political system, instead of people getting on stage, talking about their visionary ideas, inspiring people, informing and educating, talking about problems, mentioning problems, talking about solutions, constructive criticism. That’s why I refuse to run a negative campaign. I am definitely not a spoiler. I’m into data, right? I’m a technologist. I’ve got digital DNA. So does most of our campaign team. We’ve got our finger on the pulse.
Most of my major Democratic contacts are really happy to see that we’re running in a red state like Wyoming. Kanye West’s home state is Wyoming. He’s not on the ballot in Wyoming I could say, in part, because he didn’t have Akon on his team. But I could also say that he probably didn’t want to be on the ballot in Wyoming because it’s a red state. He doesn’t want to take additional points in a state where he’s only running against Trump. But we’re on the ballot in Wyoming, and since we’re on the ballot in Wyoming I think it’s safe—more than safe, I think it’s evident—that we are not here to run as a spoiler for the benefit of Donald Trump.
In running for president, you’ve opened yourself up to be scrutinized from every angle going back to the beginning of your career. I wanted to ask you about your time at the Digital Entertainment Network. Can you tell me a little bit about how you started there? You became a vice president as a teenager. What were your qualifications and what was your job exactly?
Well, I was the co-founder. A lot of it was my idea. I had an idea that people would use the internet to watch videos, and we create content for the internet. The idea was basically YouTube and Hulu and Netflix. Anyone that was around in the ‘90s and has been around digital media since then, they all credit us as the creators of basically those ideas. I was just getting a message from the creator of The Vandals, the punk rock band, right before you called. He’s like, “Brock, looks like we’re going to get the Guinness Book of World Records for having created the first streaming television show.”
We did a lot of that stuff. We had 30 television shows. We had the top most prestigious institutions in the world as investors. The biggest names. High-net-worth investors like Terry Semel, who’s chairman and CEO of Warner Brothers, and became the CEO of Yahoo. I did all sorts of things. I helped sell $150,000 worth of advertising contracts to the CEOs of Pepsi and everything else. I was the face of the company, meeting all the major banks and everything else, selling the vision of what the future was.
You moved in with Marc Collins-Rector and Chad Shackley at a mansion in Encino. Was that the headquarters of the business?
All start-ups, they normally start out in your home. Because it’s just you. The company was first started out of Marc’s house, and it was probably there for the first two or three months, before the company got an office. That’s, like, how it is for all start-ups.
were later a co-defendant in the L.A. County case filed against Marc Collins-Rector for plying minors with alcohol and drugs, in order to facilitate sexual abuse. You were dropped from the case, but you settled with one of the men for $21,600. Can you explain that?
Okay, well, first of all, that’s not accurate. Two of the plaintiffs in that case asked me if I would be a plaintiff. Because I refused to be a part of the lawsuit, they chose to include me to discredit me, to make their case stronger. They also went and offered 50 percent of what they got to the house management—they went around and offered money to anyone to participate in this. They needed people to corroborate their story. Eventually, because I refused to participate in the lawsuit, they named me. Subsequently, all three of the plaintiffs apologized to me, in front of audiences, in front of many people, saying Brock never did anything. They dismissed their cases.
Remember, this is a civil thing. I’ve never been charged with a crime in my life. And the last plaintiff to have his case dismissed, he contacted his lawyer and said, “Dismiss this case against Brock. Brock never did anything. I just apologized. Dismiss his case.” And the lawyer said, “No. I won’t dismiss this case, I have all these out-of-pocket expenses, I refuse to file the paperwork unless you give me my out-of-pocket expenses.” And so the lawyer, I guess, had $21,000 in bills. So I paid his lawyer $21,000—not him, it was not a settlement. That was a payment to his lawyer for his out-of-pocket expenses. Out-of-pocket expenses so that he would file the paperwork to dismiss the case.
You’ve said the cases were unfounded, and the plaintiffs eventually apologized. But your boss, Marc Collins-Rector later pleaded guilty to eight charges of child enticement and registered as a sex offender. Were you aware of his behavior? How do you square the fact that later allegations proved to be true, but these ones were not?
Well, remember: I was 16 and 17 years old at the time? So, no. I don’t think Marc is the man they made him out to be. But Marc is not a person I would associate with today, and someone I haven’t associated with in a very long time. I was 16 and 17. I chose the wrong business partner. You live and you learn.
You’ve pointed out that you were underage when most of these allegations were said to take place. Did you ever feel like you were coerced or in over your head while working at DEN?
I mean, I was working 18 hours a day, doing things I’d never done before. It was business school. But I definitely learned a lot in building that company. We raised $88 million. We filed our [form] S-1 to go public. We were the hottest start-up in Los Angeles.
In 2000, you left the country with Marc Collins-Rector. Why did you leave? How did you spend those two years abroad?
I moved to Spain in 1999 for personal reasons. I spent those two years in Europe working on developing my businesses.
Interpol found you in 2002. The house where you were staying reportedly contained guns, machetes, and child pornography. Whose guns and child porn were those? Were you aware they were in the house, and how did those get there?
My lawyers have addressed this in 32 pages of documentation showing a complete absence of wrongdoing. Please refer to my webpage for more information.
[Ed. Note: The webpage does not mention guns, machetes, or child pornography. It does state:“It is true that when the local police arrested Collins-Rector in Spain in 2002 on an international warrant, Mr. Pierce was also taken into custody, but so was everyone at Collins-Rector’s house in Spain; and it is equally clear that Brock was promptly released, and no charges of any kind were ever filed against Brock concerning this matter.”]
What do you make of the allegations against Bryan Singer? [Ed. Note: Bryan Singer, a close friend of Collins-Rector, invested at least $50,000 in DEN. In an Atlantic article outlining Singer’s history of alleged sexual assault and statutory rape, one source claimed that at age 15, Collins-Rector abused him and introduced him to Singer, who then assaulted him in the DEN headquarters.]
I am aware of them and I support of all victims of sexual assault. I will let America’s justice system decide on Singer’s outcome.
In 2011, you spoke at the Mindshift conference supported by Jeffrey Epstein. At that point, he had already been convicted of soliciting prostitution from a minor. Why did you agree to speak?
I had never heard of Jeffrey Epstein. His name was not on the website. I was asked to speak at a conference alongside Nobel Prize winners. It was not a cryptocurrency conference, it was filled with Nobel Prize winners. I was asked to speak alongside Nobel Prize winners on the future of money. I speak at conferences historically, two to three times a week. I was like, “Nobel Prize winners? Sounds great. I’ll happily talk about the future of money with them.” I had no idea who Jeffrey Epstein was. His name was not listed anywhere on the website. Had I known what I know now? I clearly would have never spoken there. But I spoke at a conference that he cosponsored.
What’s your connection to the Clinton Global Initiative? Did you hear about it through Jeffrey Epstein?
I joined the Clinton Global Initiative as a philanthropist in 2006 and was a member for one year. My involvement with the Initiative had no connection to Jeffrey Epstein whatsoever.
You’ve launched your campaign in Minnesota, where George Floyd was killed by a police officer. How do you feel about the civil uprising against police brutality?
I’m from Minnesota. Born and raised. We just had a press conference there, announcing that we’re on the ballot. Former U.S. Senator Dean Barkley was there. So that tells you, when former U.S. Senators are endorsing the candidate, right?
[Ed. note: Barkley was never elected to the United States Senate. In November of 2002, he was appointed by then Minnesota Governor Jesse Venture to fill the seat after Sen. Paul Wellstone died in a plane crash. Barkley’s term ended on Jan. 3, 2003—two months later.]
Yes, George Floyd was murdered in Minneapolis. My vice-presidential running mate Karla Ballard and I, on our last trip to Minnesota together, went to visit the George Floyd Memorial. I believe in law and order. I believe that law and order is foundational to any functioning society. But there is no doubt in my mind that we need reform. These types of events—this is not an isolated incident. This has happened many times before. It’s time for change. We have a lot of detail around policy on this issue that we will be publishing next week. Not just high-level what we think, not just a summary, but detailed policy.
You said that you support “law and order.” What does that mean?
“Law and order” means creating a fair and just legal system where our number one priority is protecting the inalienable rights of “Life, Liberty and the pursuit of Happiness” for all people. This means reforming how our police intervene in emergency situations, abolishing private prisons that incentivize mass incarceration, and creating new educational and economic opportunities for our most vulnerable communities. I am dedicated to preventing crime by eliminating the socioeconomic conditions that encourage it.
I support accountability and transparency in government and law enforcement. Some of the key policies I support are requiring body-cams on all law enforcement officers who engage with the public, curtailing the 1033 program that provides local law enforcement agencies with access to military equipment, and abolishing private prisons. Rather than simply defund the police, my administration will take a holistic approach to heal and unite America by ending mass incarceration, police brutality, and racial injustice.
Did you attend any Black Lives Matter protests?
I support all movements aimed at ending racial injustice and inequality. I​ have not attended any Black Lives Matter protests.​ My running-mate, Karla Ballard, attended the March on Washington in support of racial justice and equality.
Your platform doesn’t mention the words “climate change.” Is there a reason for that?
I’m not sure what you mean. Our policy platform specifically references human-caused climate change and we have a plan to restabilize the climate, address environmental degradation, and ensure environmental sustainability.
[Ed. Note: As of writing the Pierce campaign’s policy platform does not specifically reference human-caused climate change.]
You’ve recently brought on Akon as a campaign surrogate. How did that happen? Tell me about that.
Akon and I have been friends for quite some time. I was one of the guys that taught him about Bitcoin. I helped make some videogames for him, I think in 2012. We were talking about Bitcoin, teaching him the ropes, back in 2013. And in 2014, we were both speaking at the Milken Global Conference, and I encouraged him to talk about how Bitcoin, Africa, changed the world. He became the biggest celebrity in the world, talking about Bitcoin at the time. I’m an adviser to his Akoin project, very interested in the work that he’s doing to build a city in Africa.
I think we need a government that’s of, for, and by the people. Akon has huge political aspirations. He obviously was a hugely successful artist. But he also discovered artists like Lady Gaga. So not only is he, himself, a great artist, but he’s also a great identifier and builder of other artists. And he’s been a great businessman, philanthropist. He’s pushing the limits of what can be done. We’re like-minded individuals in that regard. I think he’ll be running for political office one day, because he sees what I see: that we need real change, and we need a government that is of, for, and by the people.
You mentioned that you’re an adviser on Akoin. Do you have any financial investments in Akoin or Akon City?
I don’t believe so. I’d have to check. I have so much stuff. But I don’t believe that I have any economic interests in his stuff. I’d have to verify that. We’ll get back to you. I don’t believe that I have any economic interests. My interest is in helping him. He’s a visionary with big ideas that wants to help things in the world. If I can be of assistance in helping him make the world a better place, I’m all for it. I’m not motivated by money. I’m not running for office because I’m motivated by power. I’m running for office because I’m deeply, deeply concerned about our collective future.
You’ve said you’re running on a pro-technology platform. One week into your campaign last month, a New York appeals court approved the state Attorney General’s attempt to investigate the stablecoin Tether for potentially fraudulent activity. Do you think this will impact your ability to sell people on your tech entrepreneurship?
No, I think my role in Tether is as awesome as it gets. It was my idea. I put it together. But I’ve had no involvement in the company since 2015. I gave all of my equity to the other shareholders. I’ve had zero involvement in the company for almost six years. It was just my idea. I put the initial team together. But I think Tether is one of the most important innovations in the world, certainly. The idea is, I digitized the U.S. dollar. I used technology to digitize currency—existing currency. The U.S. dollar in particular. It’s doing $10 trillion a year. Ten trillion dollars a year of transactional volume. It’s probably the most important innovation in currency since the advent of fiat money. The people that took on the business and ran the business in years to come, they’ve done things I’m not proud of. I’m not sure they’ve done anything criminal. But they certainly did things differently than I would do. But it’s like, you have kids, they turn 18, they go out into the world, and sometimes you’re proud of the things they do, and sometimes you shake your head and go, “Ugh, why did you do that?” I have zero concerns as it relates to me personally. I wish they made better decisions.
What do you think the investigation will find?
I have no idea. The problem that was raised is that there was a $5 million loan between two entities and whether or not they had the right to do that, did they disclose it correctly. There’s been no accusations of, like, embezzlement or anything that bad.
[Ed. Note: The Attorney General’s press release on the investigation reads: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds.”]
But there’s been some disclosure things, that is the issue. No one is making any outrageous claims that these are people that have done a bunch of bad—well, on the internet, the media has said that the people behind the business may have been manipulating the price of Bitcoin, but I don’t think that has anything to do with the New York investigation. Again, I’m so not involved, and so not at risk, that I’m not even up to speed on the details.
[Ed note: A representative of the New York State Attorney General told Forbes that he “cannot confirm or deny that the investigation” includes Pierce.]
We’ve recently witnessed the rise of QAnon, the conspiracy theory that Hollywood is an evil cabal of Satanic pedophiles and Trump is the person waging war on them. You mentioned human trafficking, which has become a cause for them. What are your thoughts on that?
I’ve watched some of the content. I think it’s an interesting phenomenon. I’m an internet person, so Anonymous is obviously an organization that has been doing interesting stuff. It’s interesting. I don’t have a big—conspiracy theory stuff is—I guess I have a question for you: What do you think of all of it, since you’re the expert?
You know, I think it’s not true, but I’m not running for president. I do wonder what this politician [Georgia congressional candidate Marjorie Taylor Greene], who’s just won her primary, is going to do on day one, once she finds out there’s no satanic cabal room.
Wait, someone was running for office and won on a QAnon platform, saying that Hollywood did—say what? You’re the expert here.
She won a primary. But I want to push on if we only have a few minutes. In 2006, your gaming company IGE brought on Steve Bannon as an investor. Goldman later bought out most of your stock. Bannon eventually replaced you as CEO of Affinity. You’ve described him as your “right-hand man for, like, seven years.” How well did you know Bannon during that time?
Yes, so this is in my mid-twenties. He wasn’t an investor. He worked for me. He was my banker. He worked for me for three years as my yield guide. And then he was my CEO running the company for another four years. So I haven’t worked with Steve for a decade or so. We worked in videogame stuff and banking. He was at Goldman Sachs. He was not in the political area at the time. But he was a pretty successful banker. He set up Goldman Sachs Los Angeles. So for me, I’d say he did a pretty good job.
During your business relationship, Steve Bannon founded Breitbart News, which has pretty consistently published racist material. How do you feel about Breitbart?
I had no involvement with Breitbart News. As for how I feel about such material, I’m not pleased by any form of hate-mongering. I strongly support the equality of all Americans.
Did you have qualms about Bannon’s role in the 2016 election?
Bannon’s role in the Trump campaign got me to pay closer attention to what he was doing but that’s about it. Whenever you find out that one of your former employees has taken on a role like that, you pay attention.
Bannon served on the board of Cambridge Analytica. A staffer on your campaign, Brittany Kaiser, also served as a business director for them. What are your thoughts on their use of illicitly-obtained Facebook data for campaign promotional material?
Yes, so this will be the last question I can answer because I’ve got to be off for this 5:00 pm. But Brittany Kaiser is a friend of mine. She was the whistleblower of Cambridge Analytica. She came to me and said, “What do I do?” And I said, “Tell the truth. The truth will set you free.”
[Ed. Note: Investigations in Cambridge Analytica took place as early as Nov. 2017, when a U.K. reporter at Channel 4 News recorded their CEO boasting about using “beautiful Ukranian girls” and offers of bribes to discredit political officials. The first whistleblower was Christopher Wylie, who disclosed a cache of documents to The Guardian, published on Mar. 17, 2018. Kaiser’s confession ran five days later, after the scandal made national news. Her association with Cambridge Analytica is not mentioned anywhere on Pierce’s campaign website.]
So I’m glad that people—I’m a supporter of whistleblowers, people that see injustice in the world and something not right happening, and who put themselves in harm’s way to stand up for what they believe in. So I stand up for Brittany Kaiser.
Who do you think [anonymous inventor of Bitcoin] Satoshi Nakamoto is?
We all are Satoshi Nakamoto.
You got married at Burning Man. Have you been attending virtual Burning Man?
I’m running a presidential campaign. So, while I was there in spirit, unfortunately my schedule did not permit me to attend.
OP note: please refer to the original article for reference links within text (as I've not added them here!)
submitted by Leather_Term to Epstein [link] [comments]

Year 2050 and beyond; the world

Under conditions like this, this will be YOUR fate in 2050 and beyond.
And warning: This will piss people off, and it will not be Shangri-La.
End of the Liberal Democratic System
You still have the democratic system we call "Liberal Democracy" these days. AKA the delusion of being able to choose better candidates for your ruler.
Unfortunately this is not the case any longer past 2050.
Leaders are EXPLICITLY stated to be lifetime rule in all nations, and are literal emperors that will rule until they die. If they take off for whatever reason, they will inherit that seat with a trusted confidant aka their closest associate.
Another trait of a liberal democracy is free speech, or your ability to question the government or the truth.
This will again no longer exist.
If you ever so deny the "[Democratic American Republic of Bananas] Holocaust of Chinese expats", "Trump is a tyrant who destroyed the United States" or "Covid is a deadly illness" fake facts, They will put you to a mental health check. If they screened you and/or it turns out that you are a "God Worshiper", "Conspiracy Theorist" or anyone who doesn't agree with Marxist Humanist ideology, you will be sent to a camp to be gassed and never come out again.
Covid Measures
You really don't think the Covid measures end after a year don't you?
It's a non-existent and neverending crisis.
Yes, Covid Policies will persist as soon as earth exists.
And these policies are bound to DRIVE PEOPLE INSANE.
Forced Masks, Social Distancing, Forced quarantines.......you named it. It's there.
Bars, pubs, theme parks, public schools, small businesses etc will go to the way of the dodo.
Save for big companies with extraorbitant prices selling foods, electronics or other necessities, nothing will exist around the streets.
If you walk out of the streets without a mask, an enforcer will ambush and kill you.
You can't even dine outside, you have to dine at home.
Curfews are forced unless under certain conditions, save for right before announcing Covid pandemics or any other emergencies, such as terror attacks, UFO fear mongering, anarchists...
Failure to comply will result in government hired fixers catching you to the camp and slitting your head with a mechanical blade.
Oh and the only business bar big companies that are still around are...
Which brings to the next point:
Legalized Killing
Gone were the days where killing is illegal.
If they can make LGBT and Pedophilia legal and a lifestyle, why not make killing one as well?
The new society is going to stress LOTS of people out, to the point that they will kill at the slightest of a whim.
If bars, pubs, theme parks, small businesses etc got driven to extinction, what do you think their employees will do?
They go out and KILL!
Piss people off by the slightest bit such as telling to them "Covid is fake," then at the next day, civilian conduct patrols will come in and kill you.
Killing, Harvesting organs, cannibalism etc...will become the DE FACTO lifestyle. And because of Covid policies, most businesses will not be able to survive the cataclysm.
And those who cannot find a job or get their job destroyed cannot conduct an uprising against big elite. If you want to conduct a popular uprising, you NEED other elites to back you.
So what do they do? They kill.
You will see more killers, bodyguards, and cannibals than there are store clerks because it's the only thing that can make you money in the true new normal.
Even civilians want nothing to do with it will go out and feast on the flesh of their close ones, not out of betrayal, but to survive.
And you better off not go out during certain times of the day because there will be so many cannibals or mafia gangs patrolling the streets waiting to catch any unsuspecting bystander.
Save for feral cannibals or angry civilians, there's also the risk of mafia and other conducted kill squads, such as the aforementioned civilian patrols, hired mercenary and hitman groups, as well as chefs (with many of them being former angry civilians).
These things had long lost their humanity, and if you get reported to them, be it tax evasion, NEET, homeless, or even muttering "Hail Trump" or the Bible and got heard, you will be caught by these paid killers and die. The chefs are the worst because they are cannibals who will basically catch anyone and everyone to get them killed, for no reason.
In certain places, infant mortality rate is expected to be 99% and the number of people who can grow to adulthood is an estimated 0.5% of the population (around the population of NYC, for example)
End of free media
Save for the aforementioned no tolerance anti thought crime laws, expect the same to happen on the internet and the TV.
Everyday, after you come back home after a hard day killing the undesireables, you turn on the TV and watch the same 3 programs on an infinity loop.
If you wanna use the computer, remember that all websites had been put under Google, Amazon or Facebook rule (assuming if these companies ever existed or similar ones replaced them), and around only 20 sites exist and all of them are big on pro-state propaganda as North Korea. Modern CCP doesn't even describe it. It will resemble North Korean internet, where not a single trace of anti-truth can exist, in general.
Video Games will all be first person shooters or political propaganda, such as WWIII or the BLM Revolution.
(Anime or Weeb culture will also cease to exist because it will be considered derogatory pedophilia or disgraces against women. Yet pedophillia is actually getting legitimized in the new world, and children can be killed as easily as adults.)
Healthcare of Death
You have to go screen yourself for health issues daily to monthly depending on the type.
Covid Screenings are daily, Mental Health Screenings are monthly, Cancer, Diabetes, cholestrol yearly scans...
Failure to pass the Covid and Mental health screenings will put you to a quarantine cell to be gassed, no exceptions.
Failure to pass the yearly ones will result in medication until death.
These scannings are all robotic and turn out false positives in a 20-30% rate.
Also, you have to be vaccinated every 6 months, these are poisonous chemicals but it doesn't matter. Also there's no such thing as a Covid vaccine because Covid doesn't exist.
Who cares if you die anyway in a society like this?
Surveillance State
Expect LOTS and LOTS of Cameras.
You might not need to know where these cameras lead to, but expect installment of surveillance cameras as a part of the law.
They will be all over the streets, your television, the ceiling of your house, the fridge, your business, whatever.
In truth, the images transmit into neighbor committees, mafia offices, hired enforcer offices, other assorted kill squads...just to facilitate these groups to arrest and kill you inside your house.
The reasons can be you homeschooling children, you lacking a job, you lacking education, you being depressed, you worshiping god, you muttering anti-truth, you not wearing masks when you go out, you gather with with more than 4 people...
But if you know less, the better.
Paying the price
Everything is taxed or expensive as hell in the new world.
The currency used is Bitcoin, and a normal killing job will only give you 6 bitcoins per month. (There are better jobs out there giving around hundreds, but it will not be for you at least)
Most necessities cost more than 18 bitcoins and food or water will cost around 0.40 bitcoins.
They will tax you 1 Bitcoin a month, possibly more.
Failure to comply to the tax will result in 2 warnings. Each warning, 2 days. At the end of 2 days, government enforcers will arrive to the spot and catch you to be gassed.
Cashless Society
Related to the point above, you no longer need cash.
Cash is obsolete, and bitcoin will take its place.
1 Bitcoin is over 10000 USD.
Also it will be done by Microchip.
But do not expect you YOURSELF to be microchipped.
You might be required to have an extra gadget in your phone or a special wristband.
Anyone without the wristband or the gadget, even at home, will be murdered fast.
The wristband or phone gadget is another one of those ways they watch over you; but they will be your only way of pay.
You will not be able to pay or get money without this phone gadget or wristband, and again enforcers will give you 1 hour of time to get 1 before you get gassed.
One of these gadgets or wristbands will cost 4 bitcoins, and phones might as well as cost 18 bitcoins for an average quality smartphone, and a high quality smartphone 30.
Report Happy Neighbours
Neighbors, associates or even your children and educated and programmed to report you for the slightest of issues.
Failure to fulfill a certain dress code of your organization.
Muttering God, Freedom, Anti-Marxism, Conspiracies, Anti Truth, or speaking it on social media or Discord.
Being an emotionally unstable mess.
No school or work. (School is always internet school while work is always necessary services, killings/bodyguards/snitchers or any combination of these.)
Not wearing a mask when you go outside.
All but one of the many reasons why you can be reported by neighbors and even your children.
If they decided to report and remove you for the following reasons, some type of authority will go in and murder you in a few hours.
Political Correctness
Like I ALWAYS said before, in the new world, beware of what you say in the public.
This includes in places like Discord or Twitter.
If you ever slip out any semblances of anti truth, holocaust denial, covid denial, religious babble etc...
Yeah, authorities knock your door and send you to be gassed, no exceptions.
Thoughtcrime doesn't result in just a chatroom ban, authorities knock on your door and send you to be gassed.
Forced Education
If you think that Covid equals no education, you are wrong.
Public schools do not exist as face to face tutoring and resemble database facilities.
However, your children have to be homeschooled by authorities every time of the day.
The subjects will be very dull, incoherent, boring and sometimes radical like some sort of anarchist or military training.
However, your child is explicitly stated not to be able of leaving their PC desk during classes, for more than 20 minutes.
Because the computers are cameras themselves, the images of your students will be transmitted to the teacher inside the "school."
Failure to comply and the authorities will take your children and you.
Same occurs if your children is homeschooled or is off from school for no reason within 6 days. This includes not having a PC to begin with; a PC costs 30 Bitcoins.
Forced Labor
You HAVE to go to work, no matter what.
Work is a part of life, and as soon as you are in the age of 15, you must find a work. Most people will have to find one and plan one from the age of 10.
This can arrange from killings, mafia, organ harvesting, bodyguards, take-out restaurants, store clerks...
You HAVE to find one.
Usually, if you are not one of the more privileged class, you have to go out and kill.
Mercy isn't an option in these cases.
No matter what the excuse is, saint or devil, you gotta kill them.
The higher the body count, the greater the talent, the higher the ranks you are.
This also means that you must stay fit at all costs. People who are not physically fit will not qualify, so are merciful people.
The more angry, brave, obedient, and warfare-efficient you are the better.
Your life is at risk, every day, but nobody cares.
Some of the people will be able to not spill blood with their own hands and find a slightly better job such as being a doctor, government official, concentration camp warden or even a teacher. But don't expect this to be you.
Altered lifespans
Because of all the GMOs, air pollution, fixer killings, mentally ill bozos, cannibals, mafia gangs....the lifespans of people will be drastically altered.
Most people will be chronically ill at the age of 50, and past the age of 45 you cannot be allotted any jobs.
The fixer and killer groups will only hire people starting from as young as 10 and as old as 30.
Infant mortality rate can arrange from 50% on lowest and 99% on highest, and chances to survive till adulthood is approximately 40% on average. In some places, this is below 0.5%.
If you happen to survive past the age of 60, you will be exterminated instantly. This is a benefit for the government because 1. You can't find anymore jobs or unable of production 2. to reduce spreading of Covid, a non-existent illness.
War on Terror
No matter what, the world 2050 and beyond will not be peaceful.
"Wars on Terror" will still occur.
Anarchist false flags groups (similar to Black Block and ISIS) built by the government, Covid pandemic waves, reptilian UFO false flags/fear mongering, Religious terrorists...ALL of these will continue to occur and in overly insane degrees to keep you scared.
Most notably, expect the Covid pandemic EVERY 4 months where the whole country will fall on lockdown for a month.
All of these aren't going anywhere but to keep you terrified and depressed.
Paid Fixers/Killers will be prohibited to deal with any of these terror groups for unknown reasons just because the Government has to solve them.
The government catches these terrorists and releases them, if there are any terrorists.
White and Black Ethnics
The world will be split into two parts. A part with polyglot populations who has every possible mixed race, and others who can maintain racial purity and are more than willing to commit genocide against anyone opposed to their race.
Most notably, Europe and the US will resemble Babylon. There will be countless ghettos, filled with all sorts of ethnicities crammed in pint size ghettos, with fights all over the place. As they call it "legs made of steel and clay." The fun thing is, Kill Groups or gangs will only hire the same race, and it makes you harder to find a job.
The other side will be consisted of fully racially brainwashed idiots who were taught pure eugenics and inferiorities. They will be indoctrinated in a way like the Nazis, Russians, Japanese and CCP educates their offspring. It usually happens in Asian or non pro-western states such as: Japan, Both Koreas, China, Russia, Malaysia... Expect these people to be ethno-supremacist and willing to kill anyone of the opposing race. (Such as Taiwanese and Japanese will happily kill Chinese, Chinese will happily kill Indians or Japanese, Russians might want to kill Americans...the inverse is true of all things.)
You can't form to rebel against the NWO or anything with these Babylonian or white law neighbors or countries.
So beware.
You HAVE to wake up right now.
This will be a rude awakening, and if this ever happens, your life will not even matter 5 cents.
The brick wall behind the curtain doesn't only have cuffs, it has spikes as well.
This is your fate in society, 2050 and beyond.
All these confrontations, cancelling, and isolation will be worth it if this is YOUR fate and you realize it.
submitted by Mrexreturns to conspiracy [link] [comments]

This could save Planet Earth!

My grandpa once told me: "Listen dipsh*t, if you rely on someone else for your food... then they own you AND your lovely wife."
Well... my crazy grandpa wasn't totally wrong. There is simply too many people on this planet and not enough resources to go around. All the family's generational wealth has been either divided into dust or soaked up by the rich 1%. The division of wealth and power in this world is so unbalanced, it's sick and saddening. Because of this, there are many people struggling who are so tormented and defeated... homeless, unemployed, or working as wage slaves (because overpopulation makes for cheap labor); that they feel like there is no place for them in the future and that suicide is the only option. In our current world, the right to eat, shelter, and drink fresh water are not guaranteed rights to ALL individuals! That fact is absolutely just mind blowing. Who's to blame? Humanity's greed, overpopulation, and poor distribution of efforts and resources, perhaps. (Rant over)
THE ETHICAL SOLUTION of a RADICAL NEW WORLD: In my opinion, The Great Pyramids of Egypt are a simple reminder of Maslow's 6-tier hierarchy of needs. When you take Maslow's pyramid and combined it with a hybrid of Homesteading and Universal Basic Income, something heavenly is born! Regardless of birth race, place, or poverty...I believe all people of earth and all governances should adjoin to fulfill the common goal that each living person has the right to have their Physiological needs met. We NEED to get people gardening and reconnected with their roots! (If we don't, people's nutritionless crappy diets will continue resulting in cancer and disease.) In my opinion, it's what we ALL NEED. I call it Maslow's Ark.
Maslow's Ark - Life on Earth should be modeled after Heaven; with a place and purpose prepared for you when you're born. When born to the Earth, you deserve the right to your basic physiological needs such as food, water, and shelter. (Not to struggle because your dirt poor parents selfishly birthed you to 'duck-tape' their failed marriage together... or because they get a child tax credit! \sarcasm**) We, The United People of Earth in order to transcend Maslow's Physiological needs as a birthright. Achieved by way of hybrid mix of self-sufficient homesteading and Universal Basic Income (UBI) payments. To transform and upgrade shitty land and broken homes into self-sufficient sustainable functional quality 2 or 4 Acre personalized ('green new deal'/ permaculture) homesteads and housing, thereby creating an economy of guaranteed paid jobs with the support of resources from local and world governances centrally focused on preparing places (aka Heavens on earth) for others and future generations. When working for Maslow's Ark, you are essentially doing the work of an Angel. (Biblically speaking, Naoh's Ark was a literal ship, but what is Planet Earth, but one giant Space Ship?) This way of life is my little brain-child and I would like to name it "Maslow's Ark."
We all have Physiological needs to live a fulfilled life. Nobody wants war. Nobody wants death or famine. I want to focus specifically on the 'end-cap' Tiers 1 & 6 of Maslow's pyramid as how they would look if applied to our current world. I think that all countries and individuals with a net wealth over $10m must contribute generously of resources by a majority vote (perhaps) via coordination of the United Nations leverage to kick-start this.
A quick refresher of Maslow's 6-tier pyramid:
Tier 1. Physiological needs - these are biological requirements for human survival, e.g. air, food, water, shelter, clothing, warmth, sex, sleep.
Tier 2. Safety needs - Once an individual’s physiological needs are satisfied, the needs for security and safety become salient. Protection from greed and corruption.
Tier 3. Love and belongingness needs - after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. The need for interpersonal relationships motivates behavior
Tier 4. Esteem needs are the fourth level in Maslow’s hierarchy - which Maslow classified into two categories: (i) esteem for oneself (dignity, achievement, mastery, independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).
Tier 5. Self-actualization needs are the highest level in Maslow's hierarchy, and refer to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences. Maslow (1943) describes this level as the desire to accomplish everything that one can, to become the most that one can be.
Tier 6. Transcendence - the very highest and most inclusive or holistic levels of human consciousness, behaving and relating, as ends rather than means, to oneself, to significant others, to human beings in general, to other species, to nature, and to the cosmos. AKA - To Help other's Self-Actualize, beginning with Physiological Needs.
**How it works, in a nut shell:**If you don't have kids, you're a hero and don't need to work much. If you have 1 child, you must work Part-Time for Maslow's Ark. If you have 2 children, you must work Full-Time for Maslow's Ark.
How it will work in detail (Beta v1.3):
No Children Pledge:
  1. At the age of 15, you graduate from a life skills school and may inherit the choice of either: Option A - Inherit a paid-for 2 acre prepared homestead and receive 70% ($840usd per month) UBI Payments. Option B - Assigned a non-arable rent-free apartment with 80% UBI payments ($960us per month). Option C - You live life freestyle, like in an RV, conversion van, or you're homeless, or a homestead/apartment isn't available or prepared for you yet; you shall receive 100% ($1200) UBI payments. *For either option A,B, or C; the child-free individual must perform volunteer work for Maslow's Ark 1 day per week (4 flexible days per month) for 20 years. *Your choice depends on if you preference for living in-town or out-of-town. (The individual may have the opportunity to switch between these, once every 4 years.) *In addition, those who pledge not to have children are awarded a 1oz 24k Gold world medal of honor for serving the duty of your planet for their selfless child-free commitment. AKA If you don't have kids, you don't need to work much. (Through population de-escalation, these people are the real heroes and saviors of planet Earth.) *A married child-free couple may choose to consolidate in one of three ways: A. Consolidate to upgrade into a single 4-acre prepared homestead and each receive 65% ($780usd) UBI payments. C. Consolidate to a single 2-acre prepared homestead and each receive 80% UBI payments ($960us per month). B. Consolidate to upgrade into a non-arable single family home and each receive 85% ($1020usd) UBI payments. D. Consolidate to a single apartment, but each receive 90% ($1,080us) UBI Payments. (It's these individuals that will have the most financial momentum to start a business, be teachers, or become BacheloMaster Degree Students if they choose to pursue higher education with their free time, or for those that love to travel and see the world, and generally be the local economy stimulators.)
  2. For married parents caring for 1 child, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive a 40% UBI ($480). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive a 50% UBI ($600). Option C - If the parents have consolidated to a non-arable single-family home they will each receive a 55% UBI ($660). Option D - If the parents have consolidated to a single apartment they will each receive 60% UBI ($720). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 5 days per week for 20 years. The parents may divide the work days between each other as a 0/5 or 2/3 split for example.* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 65% each until retirement.
  3. For married parents caring for 2 children, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive 25% UBI ($300). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive 30% UBI ($360). Option C - If the parents have consolidated to a non-arable single-family home they will each receive 40% UBI ($480). Option D - If the parents have consolidated to a single apartment they will each receive 45% UBI ($540). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 7 days per week for 20 years. The parents may divide the work days between each other as a 0/7, 2/5, or 3/4 split for example. (The 3/4 split allows someone to always be home for the kids, animals, and vegetable gardens.)* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 55% each until retirement.
  4. Adoption: If a married couple with no children elect to adopt an orphan child they are awarded a 1oz 24k Gold world medal of honor for serving the duty of their planet. In addition to each keeping their 100% UBI payments, they also qualify for an additional 30% UBI payment until that child turns 16 (when they will have Maslow's Physiological needs fulfilled as a birthright).
Experimental Extra Options:
  1. An optional 6 acre prepared homestead capped at 20% UBI Payments.
  2. An optional 10 acre prepared homestead capped at 10% UBI Payments.
Universal conditions: -Individuals cannot sell or sub-lease their single family homes, homesteads, or apartments for profit, since they were prepared by The People of Earth, they inherently belong to The People of Earth. -World adoption of a 2-child limit. -Universal Healthcare -Free Education for All -Retirement age is 65, when you receive 90% UBI (instead of Social Security).
How Maslow's Ark Schooling Would Work: Schools would serve the communities multi-functionally; as food banks, seed banks, internship & job connection centers, and teaching children basic life skills. At the heart of every town city and community, there must be an large agricultural center (not just a vampire w-mart), with all the tools and resources needed to grow fruits, vegetables, care for farm animals, and other things like making compost. I propose combining the agricultural center and school as one system. If hungry people in the community desperately need food or seeds, (since the kids are growing food) they can return to their school for food and cheap supplies, functioning as the backbone and heart of every town. All current schools will be converted into large-scale self sufficient homesteads. The governances of the world will fund the solar and wind-powered system upgrades (making them off-grid which give the students a means to learn these systems). Ages 4-10 would be your standard basic Math, Language, Health, Cooking, and History. In addition, 50% of each school day would be learning how to grow food, raise chickens, milk cows, and maintain all aspects of a homestead. (Children will actually care for 2 reasons: A. Everyone loves baby chickens and B. The kids are promised a homestead at 15, and that's SO MUCH BRIGHT & POSITIVE ENERGY! (Unless they choose the apartment...)) (Every human should know how to be self-sufficient!) It's much better for children to during fresh organic milk and vitamin-rich tomatoes anyways, in those early development years. Ages 11-13 would be training in a more specific life-skill trade. Ages 14-15 would be internships where students go to job-sites to learn and assist the parents in Maslow's Ark homestead preparation. Additionally, the schools may also function as a free wholesome dating and room-mate pairing service as well as free marriages. World Governances would fund schools to build homes, (rather than the traditional mortgage) further making schools central work hubs for internships and parents.
Maslow's jobs may include (and be educationally centered around): -Housing & Apartment Rehabilitation (Carpentry, Electrical, Plumbing, HVAC) -Boosting soil Fertility & Compost Creation -Regional Food Gardening, Nurseries, & Research -Planting Permaculture Trees, Arborist, Lumber Mills -Building Greenhouses & Barns -Wood & Gas eventually replaced by fusion energy electricity plants -Solar, Wind, and Battery Technology/Service -Helping care for thy Elderly & Disabled neighbors -Farm Animal Care & breeding -Property, Homes, and Jobs bank coordinator -Small scale Electric Farm Equipment & Electric vehicle production & service. -Clean Water Production such as wells, ponds, rainwater and desalination. -100% Trash Reuse, Repurpose, & Recycling -Teaching all the aforementioned.
The Economy: Self sufficiency means less tax revenue for the government, but at the same time, (the US government is doing a terrible job at creating jobs and unemployment rates are skyrocketing. Capitalist governments don't care if businesses like w-mart or h-depot bleed towns dry of money and killed all the mom n' pop shops, or let robots take over factories. Between the green new deal, and working for Maslow's Ark homesteads, there would be millions of jobs created for regular every-day people. Every house with a big lawn could be retrofit as a homestead. Parents of kids must work, therefore they get charged taxes on their paychecks. Parents without children have a greater allowance to spend money on taxable goods and services. With The People of Earth circumventing the need to spend the bulk of their lives paying for a mortgage and having money tied into their mortgages, you will see a huge shift in people investing in other assets such as stocks, silver, gold, and bitcoin as a means of generational wealth, as it should be. (Disclaimer* I'm not an economist.) I would love to hear feedback if you agree or disagree that this would work and suggest improvements to make it work better.
In conclusion, my number and % ratios may need some fine tuning, but I believe this is the only functioning groundwork for the way that a simple and fulfilled life should be. I would love to hear feedback and I hope this concept of hybrid homesteading & % Ratio UBI becomes widely known and built upon.
submitted by MindfulMowgli to antinatalism [link] [comments]

From the Future

It's the year 2097. It's the future and the world is almost unrecognizable. But the future is grim for us my fellow Indian(Ents). India has been in recession for last 4 decades. It started when Elon Musk brought back an Asteroid in 2040 and started mining precious metals, depreciating gold and other currencies. Bitcoin quickly became the only currency with real value. However since BTC was banned in India till 20 years back, most of the limited supply of BTC was already bought up by citizens of freer-er countries. Nowadays us Indians work in the ganja plantations owned by the Chinese East India Company (somethings never change huh?) to make what little BTC we can to make ends meet. Now I know what you must be thinking, "working in a ganja plantation? hey that doesn't sound too bad. I can get high whenever I want". NO! You're wrong.
In my 40s, the younger generations were brainwashed by the media, the Chinese and some of our own fellow Indians. They convinced almost everybody that Indians as a race are not intelligent nor healthy enough to consume it. Since it had been illegal for so many years prior it was very easy for them to convince a huge majority of people. And like they say, the rest is history. What did we do about this dangerous plant? What better way to control it and make sure the poor Indian youth doesn't fall prey to it? Give it to a foreign power to handle!! It was treated as masterstroke. (we still needed to grow it as it was basically the only thing that could make us some of that sweet sweet BTCs). The Chinese East India Company (TM) was absolutely ruthless in the years that came. Everyone rejoiced as this scourge of the this "illegal drug" was absolutely wiped from India and those "druggies" were executed without trials like they deserved. No Indian has had any form of ganja since then, or at least they never lived to speak about it after.
Now it's not all that grim. There is one upside. The weed of the future is so good it lets you travel back in time and interact with the past. That's how I am here now. A few hours back I sneaked in to the weed silo, knocked out a few of those chinese guards and lit one up. I don't have much time remaining. They will soon be here to take me away. But I am ready to go. Just like this joint, I am almost at the end. Maybe this post helps. Maybe your future will be different. Maybe Indians won't ban other Indians from using things they have absolutely no idea about. Maybe Indians will one day be free in the matters that concerns oneself. Over our own mind, body and soul, you and I will be finally free.
Cheers and goodbye!
submitted by spsanps to IndianEnts [link] [comments]

This way of life could save the world!

My grandpa once told me: "Listen dipsh*t, if you rely on someone else for your food... then they own you AND your lovely wife."
Well... my crazy grandpa wasn't totally wrong. There is simply too many people on this planet and not enough resources to go around. All the family's generational wealth has been either divided into dust or soaked up by the rich 1%. The division of wealth and power in this world is so unbalanced, it's sick and saddening. Because of this, there are many people struggling who are so tormented and defeated... homeless, unemployed, or working as wage slaves (because overpopulation makes for cheap labor); that they feel like there is no place for them in the future and that suicide is the only option. In our current world, the right to eat, shelter, and drink fresh water are not guaranteed rights to ALL individuals! That fact is absolutely just mind blowing. Who's to blame? Humanity's greed, overpopulation, and poor distribution of efforts and resources, perhaps. (Rant over)
THE ETHICAL SOLUTION of a RADICAL NEW WORLD: In my opinion, The Great Pyramids of Egypt are a simple reminder of Maslow's 6-tier hierarchy of needs. When you take Maslow's pyramid and combined it with a hybrid of Homesteading and Universal Basic Income, something heavenly is born! Regardless of birth race, place, or poverty...I believe all people of earth and all governances should adjoin to fulfill the common goal that each living person has the right to have their Physiological needs met. We NEED to get people gardening and reconnected with their roots! (If we don't, people's nutritionless crappy diets will continue resulting in cancer and disease.) In my opinion, it's what we ALL NEED. I call it Maslow's Ark.
Maslow's Ark - Life on Earth should be modeled after Heaven; with a place and purpose prepared for you when you're born. When born to the Earth, you deserve the right to your basic physiological needs such as food, water, and shelter. (Not to struggle because your dirt poor parents selfishly birthed you to 'duck-tape' their failed marriage together... or because they get a child tax credit! \sarcasm**) We, The United People of Earth in order to transcend Maslow's Physiological needs as a birthright. Achieved by way of hybrid mix of self-sufficient homesteading and Universal Basic Income (UBI) payments. To transform and upgrade shitty land and broken homes into self-sufficient sustainable functional quality 2 or 4 Acre personalized ('green new deal'/ permaculture) homesteads and housing, thereby creating an economy of guaranteed paid jobs with the support of resources from local and world governances centrally focused on preparing places (aka Heavens on earth) for others and future generations. When working for Maslow's Ark, you are essentially doing the work of an Angel. (Biblically speaking, Naoh's Ark was a literal ship, but what is Planet Earth, but one giant Space Ship?) This way of life is my little brain-child and I would like to name it "Maslow's Ark."
We all have Physiological needs to live a fulfilled life. Nobody wants war. Nobody wants death or famine. I want to focus specifically on the 'end-cap' Tiers 1 & 6 of Maslow's pyramid as how they would look if applied to our current world. I think that all countries and individuals with a net wealth over $10m must contribute generously of resources by a majority vote (perhaps) via coordination of the United Nations leverage to kick-start this.
A quick refresher of Maslow's 6-tier pyramid:
Tier 1. Physiological needs - these are biological requirements for human survival, e.g. air, food, water, shelter, clothing, warmth, sex, sleep.
Tier 2. Safety needs - Once an individual’s physiological needs are satisfied, the needs for security and safety become salient. Protection from greed and corruption.
Tier 3. Love and belongingness needs - after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. The need for interpersonal relationships motivates behavior
Tier 4. Esteem needs are the fourth level in Maslow’s hierarchy - which Maslow classified into two categories: (i) esteem for oneself (dignity, achievement, mastery, independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).
Tier 5. Self-actualization needs are the highest level in Maslow's hierarchy, and refer to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences. Maslow (1943) describes this level as the desire to accomplish everything that one can, to become the most that one can be.
Tier 6. Transcendence - the very highest and most inclusive or holistic levels of human consciousness, behaving and relating, as ends rather than means, to oneself, to significant others, to human beings in general, to other species, to nature, and to the cosmos. AKA - To Help other's Self-Actualize, beginning with Physiological Needs.
**How it works, in a nut shell:**If you don't have kids, you're a hero and don't need to work much. If you have 1 child, you must work Part-Time for Maslow's Ark. If you have 2 children, you must work Full-Time for Maslow's Ark.
How it will work in detail (Beta v1.3):
No Children Pledge:
  1. At the age of 15, you graduate from a life skills school and may inherit the choice of either: Option A - Inherit a paid-for 2 acre prepared homestead and receive 70% ($840usd per month) UBI Payments. Option B - Assigned a non-arable rent-free apartment with 80% UBI payments ($960us per month). Option C - You live life freestyle, like in an RV, conversion van, or you're homeless, or a homestead/apartment isn't available or prepared for you yet; you shall receive 100% ($1200) UBI payments. *For either option A,B, or C; the child-free individual must perform volunteer work for Maslow's Ark 1 day per week (4 flexible days per month) for 20 years. *Your choice depends on if you preference for living in-town or out-of-town. (The individual may have the opportunity to switch between these, once every 4 years.) *In addition, those who pledge not to have children are awarded a 1oz 24k Gold world medal of honor for serving the duty of your planet for their selfless child-free commitment. AKA If you don't have kids, you don't need to work much. (Through population de-escalation, these people are the real heroes and saviors of planet Earth.) *A married child-free couple may choose to consolidate in one of three ways: A. Consolidate to upgrade into a single 4-acre prepared homestead and each receive 65% ($780usd) UBI payments. C. Consolidate to a single 2-acre prepared homestead and each receive 80% UBI payments ($960us per month). B. Consolidate to upgrade into a non-arable single family home and each receive 85% ($1020usd) UBI payments. D. Consolidate to a single apartment, but each receive 90% ($1,080us) UBI Payments. (It's these individuals that will have the most financial momentum to start a business, be teachers, or become BacheloMaster Degree Students if they choose to pursue higher education with their free time, or for those that love to travel and see the world, and generally be the local economy stimulators.)
  2. For married parents caring for 1 child, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive a 40% UBI ($480). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive a 50% UBI ($600). Option C - If the parents have consolidated to a non-arable single-family home they will each receive a 55% UBI ($660). Option D - If the parents have consolidated to a single apartment they will each receive 60% UBI ($720). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 5 days per week for 20 years. The parents may divide the work days between each other as a 0/5 or 2/3 split for example.* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 65% each until retirement.
  3. For married parents caring for 2 children, When that child turns 2 years of age: Option A - If the parents have consolidated to a single 4-acre prepared homestead, they will each receive 25% UBI ($300). Option B - If the parents have consolidated to a single 2-acre prepared homestead, they will each receive 30% UBI ($360). Option C - If the parents have consolidated to a non-arable single-family home they will each receive 40% UBI ($480). Option D - If the parents have consolidated to a single apartment they will each receive 45% UBI ($540). \In either option A,B,C, or D; the married couple must also commit to paid work for Maslow's Ark a minimum net of 7 days per week for 20 years. The parents may divide the work days between each other as a 0/7, 2/5, or 3/4 split for example. (The 3/4 split allows someone to always be home for the kids, animals, and vegetable gardens.)* **If the couple's net 20 years of work service concludes prior to retirement, then their UBI payment will be 55% each until retirement.
  4. Adoption: If a married couple with no children elect to adopt an orphan child they are awarded a 1oz 24k Gold world medal of honor for serving the duty of their planet. In addition to each keeping their 100% UBI payments, they also qualify for an additional 30% UBI payment until that child turns 16 (when they will have Maslow's Physiological needs fulfilled as a birthright).
Experimental Extra Options:
  1. An optional 6 acre prepared homestead capped at 20% UBI Payments.
  2. An optional 10 acre prepared homestead capped at 10% UBI Payments.
Universal conditions: -Individuals cannot sell or sub-lease their single family homes, homesteads, or apartments for profit, since they were prepared by The People of Earth, they inherently belong to The People of Earth. -World adoption of a 2-child limit. -Universal Healthcare (including birth control) -Free Education for All -Retirement age is 65, when you receive 90% UBI (instead of Social Security).
How Maslow's Ark Schooling Would Work: Schools would serve the communities multi-functionally; as food banks, seed banks, internship & job connection centers, and teaching children basic life skills. At the heart of every town city and community, there must be an large agricultural center (not just a vampire w-mart), with all the tools and resources needed to grow fruits, vegetables, care for farm animals, and other things like making compost. I propose combining the agricultural center and school as one system. If hungry people in the community desperately need food or seeds, (since the kids are growing food) they can return to their school for food and cheap supplies, functioning as the backbone and heart of every town. All current schools will be converted into large-scale self sufficient homesteads. The governances of the world will fund the solar and wind-powered system upgrades (making them off-grid which give the students a means to learn these systems). Ages 4-10 would be your standard basic Math, Language, Health, Cooking, and History. In addition, 50% of each school day would be learning how to grow food, raise chickens, milk cows, and maintain all aspects of a homestead. (Children will actually care for 2 reasons: A. Everyone loves baby chickens and B. The kids are promised a homestead at 15, and that's SO MUCH BRIGHT & POSITIVE ENERGY! (Unless they choose the apartment...)) (Every human should know how to be self-sufficient!) It's much better for children to during fresh organic milk and vitamin-rich tomatoes anyways, in those early development years. Ages 11-13 would be training in a more specific life-skill trade. Ages 14-15 would be internships where students go to job-sites to learn and assist the parents in Maslow's Ark homestead preparation. Additionally, the schools may also function as a free wholesome dating and room-mate pairing service as well as free marriages. World Governances would fund schools to build homes, (rather than the traditional mortgage) further making schools central work hubs for internships and parents.
Maslow's jobs may include (and be educationally centered around): -Housing & Apartment Rehabilitation (Carpentry, Electrical, Plumbing, HVAC) -Boosting soil Fertility & Compost Creation -Regional Food Gardening, Nurseries, & Research -Planting Permaculture Trees, Arborist, Lumber Mills -Building Greenhouses & Barns -Wood & Gas eventually replaced by fusion energy electricity plants -Solar, Wind, and Battery Technology/Service -Helping care for thy Elderly & Disabled neighbors -Farm Animal Care & breeding -Property, Homes, and Jobs bank coordinator -Small scale Electric Farm Equipment & Electric vehicle production & service. -Clean Water Production such as wells, ponds, rainwater and desalination. -100% Trash Reuse, Repurpose, & Recycling -Teaching all the aforementioned.
The Economy: Self sufficiency means less tax revenue for the government, but at the same time, (the US government is doing a terrible job at creating jobs and unemployment rates are skyrocketing. Capitalist governments don't care if businesses like w-mart or h-depot bleed towns dry of money and killed all the mom n' pop shops, or let robots take over factories. Between the green new deal, and working for Maslow's Ark homesteads, there would be millions of jobs created for regular every-day people. Every house with a big lawn could be retrofit as a homestead. Parents of kids must work, therefore they get charged taxes on their paychecks. Parents without children have a greater allowance to spend money on taxable goods and services. With The People of Earth circumventing the need to spend the bulk of their lives paying for a mortgage and having money tied into their mortgages, you will see a huge shift in people investing in other assets such as stocks, silver, gold, and bitcoin as a means of generational wealth, as it should be. What I also know is that when more people are incentivized to not have kids, the proceeding generations have more space and resources. Population de-escalation creates abundance. I theorize for example: 4 or 5generations from now, you might take 3 established fruiting 2 acre homesteads and combine them into a lavish 6 acre homestead for a single couple, where UBI payments become less and less necessary, until no longer needed. In this case, you'd have an abundance of food for sale, trade and barter, and plenty of gold medals inherited from child-free aunts and uncles. This is much more appealing than the choice of an apartment in a city. I think cities would dissipate and skyscrapers be used for vertical farming. (Like Thanos, without all the death.) (Disclaimer* I'm not an economist.) I would love to hear feedback if you agree or disagree that this would work and suggest improvements to make it work better.
In conclusion, my number and % ratios may need some fine tuning, but I believe this is the only functioning groundwork for the way that a simple and fulfilled life should be. I would love to hear feedback and I hope this concept of hybrid homesteading & % Ratio UBI becomes widely known and built upon.
submitted by MindfulMowgli to homestead [link] [comments]

Bob The Magic Custodian



Summary: Everyone knows that when you give your assets to someone else, they always keep them safe. If this is true for individuals, it is certainly true for businesses.
Custodians always tell the truth and manage funds properly. They won't have any interest in taking the assets as an exchange operator would. Auditors tell the truth and can't be misled. That's because organizations that are regulated are incapable of lying and don't make mistakes.

First, some background. Here is a summary of how custodians make us more secure:

Previously, we might give Alice our crypto assets to hold. There were risks:

But "no worries", Alice has a custodian named Bob. Bob is dressed in a nice suit. He knows some politicians. And he drives a Porsche. "So you have nothing to worry about!". And look at all the benefits we get:
See - all problems are solved! All we have to worry about now is:
It's pretty simple. Before we had to trust Alice. Now we only have to trust Alice, Bob, and all the ways in which they communicate. Just think of how much more secure we are!

"On top of that", Bob assures us, "we're using a special wallet structure". Bob shows Alice a diagram. "We've broken the balance up and store it in lots of smaller wallets. That way", he assures her, "a thief can't take it all at once". And he points to a historic case where a large sum was taken "because it was stored in a single wallet... how stupid".
"Very early on, we used to have all the crypto in one wallet", he said, "and then one Christmas a hacker came and took it all. We call him the Grinch. Now we individually wrap each crypto and stick it under a binary search tree. The Grinch has never been back since."

"As well", Bob continues, "even if someone were to get in, we've got insurance. It covers all thefts and even coercion, collusion, and misplaced keys - only subject to the policy terms and conditions." And with that, he pulls out a phone-book sized contract and slams it on the desk with a thud. "Yep", he continues, "we're paying top dollar for one of the best policies in the country!"
"Can I read it?' Alice asks. "Sure," Bob says, "just as soon as our legal team is done with it. They're almost through the first chapter." He pauses, then continues. "And can you believe that sales guy Mike? He has the same year Porsche as me. I mean, what are the odds?"

"Do you use multi-sig?", Alice asks. "Absolutely!" Bob replies. "All our engineers are fully trained in multi-sig. Whenever we want to set up a new wallet, we generate 2 separate keys in an air-gapped process and store them in this proprietary system here. Look, it even requires the biometric signature from one of our team members to initiate any withdrawal." He demonstrates by pressing his thumb into the display. "We use a third-party cloud validation API to match the thumbprint and authorize each withdrawal. The keys are also backed up daily to an off-site third-party."
"Wow that's really impressive," Alice says, "but what if we need access for a withdrawal outside of office hours?" "Well that's no issue", Bob says, "just send us an email, call, or text message and we always have someone on staff to help out. Just another part of our strong commitment to all our customers!"

"What about Proof of Reserve?", Alice asks. "Of course", Bob replies, "though rather than publish any blockchain addresses or signed transaction, for privacy we just do a SHA256 refactoring of the inverse hash modulus for each UTXO nonce and combine the smart contract coefficient consensus in our hyperledger lightning node. But it's really simple to use." He pushes a button and a large green checkmark appears on a screen. "See - the algorithm ran through and reserves are proven."
"Wow", Alice says, "you really know your stuff! And that is easy to use! What about fiat balances?" "Yeah, we have an auditor too", Bob replies, "Been using him for a long time so we have quite a strong relationship going! We have special books we give him every year and he's very efficient! Checks the fiat, crypto, and everything all at once!"

"We used to have a nice offline multi-sig setup we've been using without issue for the past 5 years, but I think we'll move all our funds over to your facility," Alice says. "Awesome", Bob replies, "Thanks so much! This is perfect timing too - my Porsche got a dent on it this morning. We have the paperwork right over here." "Great!", Alice replies.
And with that, Alice gets out her pen and Bob gets the contract. "Don't worry", he says, "you can take your crypto-assets back anytime you like - just subject to our cancellation policy. Our annual management fees are also super low and we don't adjust them often".

How many holes have to exist for your funds to get stolen?
Just one.

Why are we taking a powerful offline multi-sig setup, widely used globally in hundreds of different/lacking regulatory environments with 0 breaches to date, and circumventing it by a demonstrably weak third party layer? And paying a great expense to do so?
If you go through the list of breaches in the past 2 years to highly credible organizations, you go through the list of major corporate frauds (only the ones we know about), you go through the list of all the times platforms have lost funds, you go through the list of times and ways that people have lost their crypto from identity theft, hot wallet exploits, extortion, etc... and then you go through this custodian with a fine-tooth comb and truly believe they have value to add far beyond what you could, sticking your funds in a wallet (or set of wallets) they control exclusively is the absolute worst possible way to take advantage of that security.

The best way to add security for crypto-assets is to make a stronger multi-sig. With one custodian, what you are doing is giving them your cryptocurrency and hoping they're honest, competent, and flawlessly secure. It's no different than storing it on a really secure exchange. Maybe the insurance will cover you. Didn't work for Bitpay in 2015. Didn't work for Yapizon in 2017. Insurance has never paid a claim in the entire history of cryptocurrency. But maybe you'll get lucky. Maybe your exact scenario will buck the trend and be what they're willing to cover. After the large deductible and hopefully without a long and expensive court battle.

And you want to advertise this increase in risk, the lapse of judgement, an accident waiting to happen, as though it's some kind of benefit to customers ("Free institutional-grade storage for your digital assets.")? And then some people are writing to the OSC that custodians should be mandatory for all funds on every exchange platform? That this somehow will make Canadians as a whole more secure or better protected compared with standard air-gapped multi-sig? On what planet?

Most of the problems in Canada stemmed from one thing - a lack of transparency. If Canadians had known what a joke Quadriga was - it wouldn't have grown to lose $400m from hard-working Canadians from coast to coast to coast. And Gerald Cotten would be in jail, not wherever he is now (at best, rotting peacefully). EZ-BTC and mister Dave Smilie would have been a tiny little scam to his friends, not a multi-million dollar fraud. Einstein would have got their act together or been shut down BEFORE losing millions and millions more in people's funds generously donated to criminals. MapleChange wouldn't have even been a thing. And maybe we'd know a little more about CoinTradeNewNote - like how much was lost in there. Almost all of the major losses with cryptocurrency exchanges involve deception with unbacked funds.
So it's great to see transparency reports from BitBuy and ShakePay where someone independently verified the backing. The only thing we don't have is:
It's not complicated to validate cryptocurrency assets. They need to exist, they need to be spendable, and they need to cover the total balances. There are plenty of credible people and firms across the country that have the capacity to reasonably perform this validation. Having more frequent checks by different, independent, parties who publish transparent reports is far more valuable than an annual check by a single "more credible/official" party who does the exact same basic checks and may or may not publish anything. Here's an example set of requirements that could be mandated:
There are ways to structure audits such that neither crypto assets nor customer information are ever put at risk, and both can still be properly validated and publicly verifiable. There are also ways to structure audits such that they are completely reasonable for small platforms and don't inhibit innovation in any way. By making the process as reasonable as possible, we can completely eliminate any reason/excuse that an honest platform would have for not being audited. That is arguable far more important than any incremental improvement we might get from mandating "the best of the best" accountants. Right now we have nothing mandated and tons of Canadians using offshore exchanges with no oversight whatsoever.

Transparency does not prove crypto assets are safe. CoinTradeNewNote, Flexcoin ($600k), and Canadian Bitcoins ($100k) are examples where crypto-assets were breached from platforms in Canada. All of them were online wallets and used no multi-sig as far as any records show. This is consistent with what we see globally - air-gapped multi-sig wallets have an impeccable record, while other schemes tend to suffer breach after breach. We don't actually know how much CoinTrader lost because there was no visibility. Rather than publishing details of what happened, the co-founder of CoinTrader silently moved on to found another platform - the "most trusted way to buy and sell crypto" - a site that has no information whatsoever (that I could find) on the storage practices and a FAQ advising that “[t]rading cryptocurrency is completely safe” and that having your own wallet is “entirely up to you! You can certainly keep cryptocurrency, or fiat, or both, on the app.” Doesn't sound like much was learned here, which is really sad to see.
It's not that complicated or unreasonable to set up a proper hardware wallet. Multi-sig can be learned in a single course. Something the equivalent complexity of a driver's license test could prevent all the cold storage exploits we've seen to date - even globally. Platform operators have a key advantage in detecting and preventing fraud - they know their customers far better than any custodian ever would. The best job that custodians can do is to find high integrity individuals and train them to form even better wallet signatories. Rather than mandating that all platforms expose themselves to arbitrary third party risks, regulations should center around ensuring that all signatories are background-checked, properly trained, and using proper procedures. We also need to make sure that signatories are empowered with rights and responsibilities to reject and report fraud. They need to know that they can safely challenge and delay a transaction - even if it turns out they made a mistake. We need to have an environment where mistakes are brought to the surface and dealt with. Not one where firms and people feel the need to hide what happened. In addition to a knowledge-based test, an auditor can privately interview each signatory to make sure they're not in coercive situations, and we should make sure they can freely and anonymously report any issues without threat of retaliation.
A proper multi-sig has each signature held by a separate person and is governed by policies and mutual decisions instead of a hierarchy. It includes at least one redundant signature. For best results, 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.

History has demonstrated over and over again the risk of hot wallets even to highly credible organizations. Nonetheless, many platforms have hot wallets for convenience. While such losses are generally compensated by platforms without issue (for example Poloniex, Bitstamp, Bitfinex, Gatecoin, Coincheck, Bithumb, Zaif, CoinBene, Binance, Bitrue, Bitpoint, Upbit, VinDAX, and now KuCoin), the public tends to focus more on cases that didn't end well. Regardless of what systems are employed, there is always some level of risk. For that reason, most members of the public would prefer to see third party insurance.
Rather than trying to convince third party profit-seekers to provide comprehensive insurance and then relying on an expensive and slow legal system to enforce against whatever legal loopholes they manage to find each and every time something goes wrong, insurance could be run through multiple exchange operators and regulators, with the shared interest of having a reputable industry, keeping costs down, and taking care of Canadians. For example, a 4 of 7 multi-sig insurance fund held between 5 independent exchange operators and 2 regulatory bodies. All Canadian exchanges could pay premiums at a set rate based on their needed coverage, with a higher price paid for hot wallet coverage (anything not an air-gapped multi-sig cold wallet). Such a model would be much cheaper to manage, offer better coverage, and be much more reliable to payout when needed. The kind of coverage you could have under this model is unheard of. You could even create something like the CDIC to protect Canadians who get their trading accounts hacked if they can sufficiently prove the loss is legitimate. In cases of fraud, gross negligence, or insolvency, the fund can be used to pay affected users directly (utilizing the last transparent balance report in the worst case), something which private insurance would never touch. While it's recommended to have official policies for coverage, a model where members vote would fully cover edge cases. (Could be similar to the Supreme Court where justices vote based on case law.)
Such a model could fully protect all Canadians across all platforms. You can have a fiat coverage governed by legal agreements, and crypto-asset coverage governed by both multi-sig and legal agreements. It could be practical, affordable, and inclusive.

Now, we are at a crossroads. We can happily give up our freedom, our innovation, and our money. We can pay hefty expenses to auditors, lawyers, and regulators year after year (and make no mistake - this cost will grow to many millions or even billions as the industry grows - and it will be borne by all Canadians on every platform because platforms are not going to eat up these costs at a loss). We can make it nearly impossible for any new platform to enter the marketplace, forcing Canadians to use the same stagnant platforms year after year. We can centralize and consolidate the entire industry into 2 or 3 big players and have everyone else fail (possibly to heavy losses of users of those platforms). And when a flawed security model doesn't work and gets breached, we can make it even more complicated with even more people in suits making big money doing the job that blockchain was supposed to do in the first place. We can build a system which is so intertwined and dependent on big government, traditional finance, and central bankers that it's future depends entirely on that of the fiat system, of fractional banking, and of government bail-outs. If we choose this path, as history has shown us over and over again, we can not go back, save for revolution. Our children and grandchildren will still be paying the consequences of what we decided today.
Or, we can find solutions that work. We can maintain an open and innovative environment while making the adjustments we need to make to fully protect Canadian investors and cryptocurrency users, giving easy and affordable access to cryptocurrency for all Canadians on the platform of their choice, and creating an environment in which entrepreneurs and problem solvers can bring those solutions forward easily. None of the above precludes innovation in any way, or adds any unreasonable cost - and these three policies would demonstrably eliminate or resolve all 109 historic cases as studied here - that's every single case researched so far going back to 2011. It includes every loss that was studied so far not just in Canada but globally as well.
Unfortunately, finding answers is the least challenging part. Far more challenging is to get platform operators and regulators to agree on anything. My last post got no response whatsoever, and while the OSC has told me they're happy for industry feedback, I believe my opinion alone is fairly meaningless. This takes the whole community working together to solve. So please let me know your thoughts. Please take the time to upvote and share this with people. Please - let's get this solved and not leave it up to other people to do.

Facts/background/sources (skip if you like):



Thoughts?
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

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