Thomas Hughes

The Dreaded 51% Attack Is Myth No More. Vertcoin Under Siege

Vertcoin has been hit by a 51% attack during which a group of cybercriminals got hold of more than 50% of the network’s hash rate
The Dreaded 51% Attack Is Myth No More. Vertcoin Under Siege

Vertcoin (VTC) was created in 2014 and was meant as “a direct hedge against long-term mining consensus centralization on the Bitcoin mining network”. Just recently, it has been hit by a 51% attack during which a group of cybercriminals got hold of more than 50% of the network’s hash rate.

This practically means that said group now owns Vertcoin’s Blockchain, and they can create additional blocks from any previous block, thus creating two versions of the same Blockchain (reorganization) and allowing double spending.

According to Mark Nesbitt, a security expert, there have been 22 cases of Vertcoin Blockchain reorganization so far, 15 of which resulted in double spending, which is estimated at over $100,000.

Chart Analysis – VTC/USD

Chart Analysis – VTC/USDHaving dropped more than 4% against the US Dollar during the last 7 days, Vertcoin is likely to sink even lower considering the recent 51% attack, which will probably generate panic against traders.

Currently, the pair is trading at 0.29, inside bearish Bollinger Bands (angled down) and capped by a downtrend line. A solid break outside of the channel formed by 0.36 and 0.26 will trigger an extended move in the direction of the break, but looking at the latest candles, we can see there is an almost complete lack of bullish pressure, so we consider the most likely target to be 0.26.

The candles show long wicks in their upper part, meaning that bulls are trying to push higher but lack the necessary strength and by the end of the candle period, the bears take over. If the trend line on the chart is intact, our bias is bearish.

Support zone: 0.26

Resistance zone: bearish trend line (as diagonal resistance) and 0.36 (as horizontal resistance)

Most likely scenario: drop into 0.26

Alternate scenario: break above the trend line without momentum

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Wikicoin Alex Morris

Will Mining Cryptocurrency Damage My GPU?

📚 Wikicoin
Efficient mining requires permanently running GPUs at full power, so miners are obviously curious whether it can damage the card’s performance
Will Mining Cryptocurrency Damage My GPU?
Contents

Despite the rising popularity of ASIC chips, which even managed to elbow Nvidia out of the crypto market, GPU mining remains fairly popular, especially with regard to altcoins. However, there are still many doubts about whether mining puts a graphics card at risk.

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There is a common belief that hardware becomes disposable after a certain period of time. However, there is no evidence to prove that long-term use at full load will affect the lifespan of a graphics card. GPUs are usually replaced because they are no longer efficient.

Does mining damage your GPU? Short answer– no, but only if you use it properly. Some miners tend to run graphics cards at full power without proper ventilation, especially when it comes to large mining rigs. Eventually, it leads to overheating. Among other things that can damage the card one can mention overclocking and physical damage. Therefore, it is important to understand how to prolong the life of your graphics card.   

Dealing with heat


High temperature temps to be the main GPU killer, so it is important to know how to avoid overheating. GPUs normally have a high level of heat tolerance, reaching 80C range or even higher, but we still recommend you to constantly check the temperature of your graphics cards in order to see how hot it gets.

Here’s a table that vividly shows what mining temperature you should stick to (beware of the fact that different GPUs still have different safe ranges).
 

Temperature range

Exposure

30C - 49C

You miner must not be working!

50C - 59C

Either your GPU is still not working or you need to do some overclocking.

60C - 69C

GPU is running at a normal temperature.

70C - 75C

This is usually the most optimal solution.

75C - 79C

Such a temperature range is still ok-ish for the majority of GPUs.

80C - 89C

You are now entering a danger zone. As mentioned above, some graphics cards can handle this, but it may cause a damage to your PC.

90C

Anything above this point will almost definitely cause a damage to your GPU, so don’t be surprised if you can suddenly smell burning plastic.     


Fans can be a problem
It’s advisable to replace your mining fans that are usually running at the same rate since they are the only GPU component that tends to wear out pretty quick. If fans stop functioning properly, other GPU components are at risk as well.   

Make sure that fans cool your power components– even if you keep the overall GPU temperature low, the overheating of power components will lead to a disastrous outcome.
 

What damage does mining cause your GPU?

Running your GPU at high temperatures (in the 90C range) for a prolonged period of time can definitely affect the lifespan of the some of the card’s components. However, MOSFET, along with other VRM components, can handle incredibly high temperatures (up to 120C).   

If you do not want to bother with fans, you can also consider liquid cooling as a proper replacement.  
 

Other ways to damage your GPU  


Does Bitcoin mining damage your GPU? Plugging in a smaller gauge wire can actually cause an overdraw, which can potentially lead to the burning out of GPU. Even though this scenario is highly unlikely, there have been some cases when thermal throttling simply didn’t work.  If you do not want your card to burn up, we also recommend lowering your power target.
image
(Photo: Shutterstock)

Overclocking is an essential part of mining crypto. The good thing is that it cannot actually damage modern GPUs, since it has an inbuilt protection mechanism that shuts down the card every time you get the setting wrong. You have to actually try very hard in order to cause any physical damage to your card by overclocking since it doesn’t have even remotely the same impact on power draw and temperature as CPU clock.
 

Buying a used GPU miner


As the price of crypto is falling and GPU mining becomes less profitable, there is an obvious question whether you should buy a used miner. Due to the fact that many miners sell off their graphics cards, their prices are quite reasonable.

If you buy a used miner, you have to choose a safe marketplace for these purposes. Both Amazon and eBay protect buyers from potential scams. There are plenty of miners out there who want to pass off burned out graphics cards as good. If the used GPU turns out to be broken, you can still get a refund and write a negative review.
image
On top of that, make sure to check:

  • the brand of the card;

  • the warranty;

  • the company’s return policy.
     

Conclusion
 

So, how much damage does GPU mining cause your graphics card? As you can see, very little. However, you have to avoid high temperatures and make sure that you have proper power supply- there are the main precautionary measures to make sure that your GPU miner will be working seamlessly for years. In general, heat is the main concern when it comes to shortening your graphics card’s lifespan.  

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Bitcoin Needs Banks and Regulators to Step in to Make it a Success

The recent move by banks to ban customers buying Bitcoin with credit cards is both good for individuals and Bitcoin
Bitcoin Needs Banks and Regulators to Step in to Make it a Success

As soon as the word “regulation” comes into contact with the crypto community, there is much booing and hissing. The decentralized nature of Bitcoin and other cryptocurrencies is supposed to bring total economic freedom but it turns out that freedom is still a dangerous thing.

The recent move by the Lloyds Banking group in the UK, as well as JP Morgan in the US, to ban the buying of Bitcoin with their credit cards is a slightly removed form of regulation that is not only necessary, but beneficial to the crypto ecosystem.

Buying with debt

Straight off the bat, it is nonsensical for people to purchase a speculative asset such as Bitcoin with credit cards, or any sort of debt.  It is not only foolhardy, but dangerous for investors, and for Bitcoin.

News sprung up during Bitcoin’s monster rally last year, through November and December, of people getting caught up in the fear of missing out (FOMO) who were desperate to get involved in this ‘once in a lifetime’ opportunity.

People began buying Bitcoin with credit cards without really taking into consideration the dangers it could bring. At that time, it was all green markets and huge upswings. However, what goes up, must come down, and down the market went.

Those people who bought Bitcoin at the top with credit cards are now suffering not only the normal debt associated with credit cards but also have to deal with almost a 50 percent loss in their investment.

Reasons for stepping in

Whenever banks start making rules about Bitcoin, people get nervous. However, it’s good to remember that this move by Lloyds and JP Morgan is really a very specific niche of regulating. The banks are not involved in controlling people and their Bitcoin but are rather setting the rules for how their credit can be used.

It is pretty standard for banking to have such a level of control, and it’s a bit of regulating that the ‘new crop’ of investors could use. The reason that the banks have for doing this is the fear that their customers will get even deeper into debt, and thus could default.

Sounds like bubble talk

Buying highly volatile assets with debt is almost always a bad move. This happened in the housing market with its sub-prime mortgages. The dotcom boom also saw people throwing huge amounts of money at companies, some of it borrowed, leading to an eventual bubble.

It is not the technology that’s the problem, but people’s psychology. If people continue to get into the Bitcoin market just to make huge returns with no understanding of the underlying asset, the currency is in danger of bubbling.

However, if banks and others step in, then a little bit of added regulation can moderate people’s worst impulses and help Bitcoin survive and become viable.

Blending in regulation

There is regulation, and then there is regulation. Some are out there to try and strap Bitcoin down to a point where it cannot exist, such as in China. On the other hand, there is regulation which is actually aimed at helping fintech and the evolution of Blockchain technology.

If there can be protections and rules from banks and other institutions to protect people from a bubble or a bad Bitcoin experience, it can only be beneficial for the digital currency and should be sought, rather than shunned.

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The Society of the Spectacle Interrupted: How Blockchain Can Set Theater on Fire

Opinions
Online presence is a commodity, but whose? Blockchain is to bring the justice back
The Society of the Spectacle Interrupted: How Blockchain Can Set Theater on Fire
Contents

Thought provoking entertainment based on alternative history and science fiction is enjoying somewhat of a renaissance, with video platforms like Netflix and Hulu releasing entire seasons of new series what seems like every month. Aside from aspiring to and, arguably, in some cases succeeding with, intriguing premises and smart scripts, these modern depictions of imaginary realities often feature the obligatory mind-altering twist ending.

The twist ending boasts an impressive cinematic history– from the Statue of Liberty in Planet of the Apes to Kevin Spacey’s feet in the final scenes of The Usual Suspects and Bruce Willis’s bloody shirt in The Sixth Sense, just a little bit of contradictory information can reveal exactly how much we’ve been taking for granted all along and turn our understanding of the circumstances upside down. Given our enjoyment of edifying perspective flips in fictional works, it’s ironic how rarely we take the trouble to adjust and rethink perspectives in our daily lives.

The most pervasive alternative reality of modern life, the virtual space of social media and Internet transactions, demands a critical look that is long overdue. It’s time to examine where we really are, trace the garden path that led us here and envisions solutions that will work in the context of our new-found awareness.

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The other place

The New Yorker cartoon “On the Internet, nobody knows you’re a dog” was published in the summer of 1993, when barely anyone had daily access to the web, but it turned out to be an uncanny portent of the age of online dating, Internet profiles and digital fraud.

The Internet discovered and filled a need for venturing beyond the reality of one’s life to explore situations and identities that would be otherwise inaccessible. Our online lives became both a reflection and a distortion of real lives, a space with its own rules, a world within a world– a heterotopia, as defined by philosopher Michel Foucault in the 1960s.

In Foucault’s vision, a healthy society would have room for many heterotopias, providing a means of exploring perspectives and experiences that differ from the dominant reality, as well as a way to escape authoritarianism. However, as a representation of alternative, transgressive, contradictory or transforming values, a heterotopia can become both a utopian vision and a dystopian perversion.

So what are the rules of the Internet heterotopia in which we spend so much of our time? What are its governing principles and economic realities? Most importantly, how does it now affect our real spaces?

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The infinite scroll

In another throwback to the pre-Facebook era, a 2002 commercial of a high-speed Internet provider features a web surfer who, due to the superior download speeds offered by the advertiser, reaches “the end of the Internet” because he has “seen everything there is to see.” Obviously, the punchline would fall flat now, because the amount of new content contributed by online users on a daily basis is staggering.

Human beings have a natural inclination to take pride in their achievements and to share important events with their social circle, but the real driver of user-generated content is the validation provided by the community’s response. In this respect, the world of social media seemed to be a forum for self-expression unlike anything that existed before– an addictive, infinite experience that was offered to us free of charge.

The consumer or the consumed?

We jumped at the opportunity to make our opinions heard and our existence recognized, contributing to the immense accumulation of visual and textual data about ourselves and our closest connections. In 1967, French philosopher Guy Debord’s work The Society of the Spectacle expressed concern that genuine activities of life were being supplanted by the spectacle– a space where human relationships are mediated by an endless mass of images that preclude real experiences and thwart critical thinking.

One of his observations, “All that was once directly lived has become mere representation,” is such a compelling critique of today’s Facebook and Instagram culture, that it’s difficult to believe he was writing these words half a century ago.

As experiences were taken out of real spaces and deposited into the heterotopia of the Internet, they became commodities– and as these commodities were fetishized, they came to govern the consumers of the content rather than being governed by them.

Where there are commodities, there are profits and who are the beneficiaries? Not the producers of the commodified content, as it turns out.

The users’ experiences and the community’s engagement with those experiences have been commoditized and monetized by the spectacle’s platforms– until recently, without the users’ awareness. Instead of being an escape from repression, the heterotopia of social media revealed itself as a labor camp.

We thought our online presence gave us a way to protest the machine peacefully– instead, our resources have been feeding its furnaces. As we are using online services, the products of our social activities are consumed by third parties. The camera zooms out to show that the users are actually the workers, pulling at the harness of the spectacle engine while transfixed with the imagery in their phones. It’s a blockbuster-worthy perspective flip– we should be paying attention.

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Interrupting the spectacle

As revelations of privacy violations by major social networks and commercial platforms come to light, user response seems underwhelming. Many are still unaware of the scope of commoditization of personal data, and others feel that the costs of transitioning away from existing online interaction models is too high.

Even the trigger that usually moves people to action, the realization that they are quite literally being swindled, seems weak in the face of the spectacle’s power.

Debord believed that the only way to interrupt the flow of the spectacle was by using stronger spectacular images– situations that would bring about a profound disruption of the existing processes of life, politics, economics and creativity. Perhaps Blockchain technology can be that disruptor– a way to give content ownership back to the users. Although the society of the spectacle may not be entirely interrupted, the alienation it perpetuates may be healed by refocusing on the true value of individual contributions to the community and redistributing compensation where it’s due.

Foucault’s heterotopias are necessary for a diverse and liberated society, as they provide refreshing contexts for our interactions in real spaces. We have seen how the internet’s transfiguration from a heterotopia to a dystopia has soured our belief in human dignity and progress.

It’s our responsibility to give some thought to the ways Blockchain technology– transparent, secure and based on a belief of fair and equal participation– can shift the Internet community toward a utopian state.

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Thomas Hughes

Litecoin Volume Buffs Up. What’s Next?

According to Bitinfocharts, more than $1.1 billion worth of LTC was transacted over the Litecoin network on Nov. 30
Litecoin Volume Buffs Up. What’s Next?

According to Bitinfocharts, more than $1.1 billion worth of LTC was transacted over the Litecoin network on Nov. 30, but the volume started to climb even before that (almost $600 million worth of LTC transacted on Nov. 29).

Considering that the average daily volume for Litecoin is much lower, we can safely assume we are dealing with a whale or group of whales moving their assets. And if we were to speculate, we could say that an entity like the Bakkt exchange is preparing for their early 2019 launch.

Chart Analysis – LTC/USD

Chart Analysis – LTC/USD

Litecoin gave up the gains made a few days ago and dropped after reaching a high at 37 against the US dollar, disappointing most of its fans who were expecting a stronger recovery towards $40.

Currently, the pair has established support on the bullish trend line seen on the chart above and is trading around 32, but below the 2 Exponential Moving Averages, which are still crossed bearish (i.e. 50 EMA-red is above 20 EMA-blue).

The pair has printed a higher low, which is a bullish sign but also a lower high, which is a bearish sign and all these paints a blurry picture, like most other cryptocurrencies, which are showing the same behaviour. A breakout above or below the triangle formation seen on the chart will most likely trigger an extended move.

Support zone: bullish trend line followed by 27 – 28 area

Resistance zone: bearish trend line

Most likely scenario: move outside the triangle; we slightly favour the long side because the downtrend is overextended

Alternate scenario: tight range, move outside triangle without momentum or clear direction

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🎤 Interviews Katya Michaels

Put Your Hookup on Blockchain: Adryenn Ashley Brings Responsible Sexy Back

🎤 Interviews
Adryenn Ashley’s dating app Loly is out to solve the dating crisis and heal the #MeToo epidemic
Put Your Hookup on Blockchain: Adryenn Ashley Brings Responsible Sexy Back
Contents

America is experiencing a dating crisis, and it’s about time cutting edge technology was harnessed to address it. Even prominent venture capitalist Tim Draper agrees that modern dating is a problem that needs a solution.

Adryenn Ashley, the CEO and founder of dating app Loly, is the woman getting close to providing that solution.

Loly implements all the hottest technologies– Blockchain, cryptocurrency, augmented reality and digital identity– to make the dating experience safe, secure and completely natural.

More than that, putting trust and consent on an immutable ledger has the potential of encouraging people to take responsibility for their choices, in personal relationships and elsewhere. Improving humanity through a better dating experience? Sign us up.

Katya Michaels: How did you first discover Blockchain?

Adryenn Ashley: I've been in Bitcoin for almost 10 years. I'm a startup consultant, now an ICO consultant as well, and I was asked to take my consulting fee in crypto. That was 2009, and if I could ever recover those Bitcoin, I would never have to work again.

KM: What do you find most exciting about Blockchain technology?

AA: Blockchain is an un-****-with-able register of what actually happened. That means there's no go-backsies, you have to own your words and your choices. Blockchain is going to force society into a role it has not been in since the fifties, and I think that's going to be one of the unsung blessings of this technology.

There are things that need Blockchain and there are things that don't– 99 percent of businesses do not need Blockchain. However, the ones that do, voting records, health records, will be changed significantly. I cannot wait until people are no longer dying because of prescription conflicts because nobody bothered to look at their medical record. That will save hundreds of thousands of lives.

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Never break the Blockchain

KM: How does your dating platform Loly implement Blockchain?

АА: There are two different reasons why we need Blockchain. One is digital identity.

If you're like most women, you get hit on by men who are married and if you're like most men, you get hit on by women who aren't real– they’re bots or scammers.

From both sides, it is difficult to ascertain that people are who they really say they are, and we use a digital ID product to verify that.

Your sexual preference data is held in your own device and it's encrypted. Your data is your data. It's not held in our servers. We have security protocols, but even if we are hacked, all they’re going to get is a username and encrypted password. We don’t hold a database which could reveal sensitive information.

The other way we use Blockchain is sexual consent.

We have this #MeToo epidemic, people on both sides not owning their choices, not owning their decisions. But decisions cannot be edited retroactively. Verified consent gives women the safety, security and certainty that they need to say yes, and it gives men the insurance that the yes that they heard last night stays a yes tomorrow, next week, next month, next year, a decade from now.

That's a key piece of Blockchain– that it's immutable. You can't go back and change the records.

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Compos mentis: owning your choices

KM: How does the consent mechanism work in real time? People tend to be emotional in intimate situations and prone to changing their mind unexpectedly.

AA: What our consent does is it opens a consent window, so when you have your fun, then you check out. To verify that this whole experience was consensual, you're agreeing up front and then you are agreeing that you agreed, at the end. It's like a post-nup.

At any time during that encounter, you can change your mind. I factor that in because sometimes, all of a sudden, you can freak out– maybe you're doing it for the wrong reasons, maybe something comes up that changes the encounter. You can still use the app to check out successfully.

Another piece of this revolutionary protocol is about getting people to really understand what they want and to be honest with themselves. You can change your preference data and what you’re looking for in real time. If it’s 2:00 in the morning in a Las Vegas Hotel room and you just want some company, that's very different than “at this moment in time I’m searching for my soulmate.” If you're looking for a long-term relationship at 2:00 in the morning, you're not going to find the right people.

When you sign up for the platform, you enter an ethical contract that basically says– things happen, people change their minds and everybody's going to agree to be kind. I call it the “no douchebags/no crazy chicks” policy.

We're trying to weed out the problem people and create a community.

Seventy percent of the women on existing dating apps have been celibate for more than a year, not by choice but because they cannot find an appropriate match. When you're swiping through these apps, all you have is a photo. People match thousands of times, but the way it works is just not in the moment. The way that we have set it up is as organic and natural as bumping into somebody at the grocery store.

KM: You mentioned Blockchain putting people in situations of taking responsibility for their decisions and choices. I feel there's a question of how ready people are for taking that responsibility.

AA: Oh, we’ve turned into lemmings. We’ve told every woman that she's a victim, that she's got this glass ceiling and that she's not responsible because someone is victimizing her and someone else is to blame. That culture has got to end.

We have to get back to the point where we own our choices, our handshake is our word. Because then and only then are we actually going to move forward as a society.

The trajectory that we have been on is not good for women— the victim mentality and the Violence Against Women Act. I created the California Alliance for Families and Children with a core group of people and we did a large study which showed that domestic violence in the United States, it's 50/50: 30 percent man on woman, 30 percent woman on man and 40 percent mutual. Nobody ever wants to admit that. You these narratives created for power that do not serve the people. That's a problem.

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Beyond the #MeToo bandwagon

KM: I'm getting a sense that you're going to have a unique perspective on the women in Blockchain discourse. Do you feel that the space has changed in the past 10 years in terms of opportunities for and treatment of women?

AA: I have a very skewed perspective, you're right. I'm the only female ever in the cigar room with the Titans who have never asked me out in 30 years. Why? The answer was – I’m a valuable asset, not a female.

Certainly, there are men who are predators and they needed to be called out. The tech industry is similar to the entertainment industry. Everybody knows who the predators are, but nobody's talking about it. And I think that's the problem.

I did have some issues with #MeToo, with the pile on, because I have a friend who got thrown under the bus, I feel unjust. In this case, I was there, I saw that the woman started it and then jumped on the #MeToo bus.

And yet, it's OK in our society for women to behave like that. I think that is actually going to be the downfall of women if we don't hold each other accountable to better behavior and owning our choices.

The women who are dressed properly, have a business pitch, no flirtation, not leaning on their femininity–  those women getting hit on, that has to stop. I don't think everybody has to lose their femininity and vulnerability, but it's hard to create a safe place for everyone. Because of that, the fact that we have women in Blockchain and women investing in women allows us to focus more on creating opportunity in a safe pipeline, a safe funnel for women that need the extra support.

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A Blue Ocean amidst bro culture

AA:

If we create the infrastructure and the environment where women feel safe, they will thrive. We already know that women are a better investment. They're a better long-term risk. They're gonna make more money, they're going to fail less, they're going to work harder, they're going to put more into it.

We already know this, so women should be getting more investment, but they're not– just because of the way the system is designed. Unless you’re a 25-year-old Stanford grad, Asian male, you can't write something on a napkin and get a $5 mln seed round.

In addition, with this whole #MeToo thing, we now have the blowback which is men not taking any meetings with women. That's going to take a while to settle down. It's up to the women in Blockchain, the women in tech to create that safe place for the men to come in who will support women. When these men end up making a lot more money, that's where we get to have our “I told you so” moment. Then the industry will shift. We have to create our own breaks.

Instead of trying to change the existing bro culture, we have to do a Blue Ocean Strategy from scratch where we go– here's what we're doing over here. Blockchain gives women the opportunity to do it and democratizes the entire investment field with ICOs, token sales.

Normally, we would have to pitch a VC, and in my case, they wouldn’t touch a dating app– even though the only apps out there are mostly built by men and they don't address what women need, to feel safe, secure and certain to say yes.

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Omnipotence addiction

KM: Many people feel that technology has infringed too much on human interaction. We have apps to help us communicate, take care of each other, spy on each other. Now Blockchain introduces a kind of technology-assisted trust. Do you feel that’s something that might be difficult for people to accept? Or are we tired enough of ambiguity to be ready for it?

AA: I'm tired of being asked out by married men. I’m tired of going out to dinner with men that I think are single and available only to find out that they are not. I'm definitely ready to only date available, eligible, appropriate people, and I need technology to do that.

What's interesting is it's already in our everyday life. Our phones are listening to us all the time. I've sold my soul to Google and Apple, and I'm OK with that, it makes my life easier. I have tried to function without them. I go on cruises where they don't have internet and it's frightening– I’m on shore in Turkey, trying to figure out how to type on the Turkish keyboard in an internet cafe.

Is there an addiction? Yes, I have an omnipotence addiction. I am omnipotent when I have my phone and my laptop, I can find or do anything I need to. There's no escaping technology.

I think that you would have to convert to be Amish if you want to avoid it and that is backbreaking labor, I'm not sure I'm up for it.

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Bitcoin, Blockchain and love

KM: Any predictions about Bitcoin and mass crypto adoption, when is that coming?

AA: So there are several apps coming out, mine being one of them, that are mainstream and understandable. We're calling them apps, not wallets. These are projects that everyone can adapt and learn to use. People will create digital identities in order to use these products.

That will help with mainstream adoption. We're at five percent now– it's the tipping point. I expect we’ll be 30-35 percent by the end of 2019. I think Bitcoin is going to hit $30,000 by the end of the year.

I said $10,000 by the end of last year and it hit $20,000, it was $10,000 in November. I said that when it was $800 and my friends thought I was crazy. It's math, and I majored in math, so I'm pretty sure I can read the algorithm.

Because it’s diminishing supply, proof of work gets harder– Bitcoin is designed to increase in value, so it will.

KM: Your token generating event is coming up. Do you think regulations are going to impede token offerings in general?

AA: I think there will be laws passed that will make it easier. I think that every prosecution so far should have been prosecuted, in the same way, had they been stocks, not tokens. Fraud, Ponzi, misrepresentation– that's already illegal. That should continue to be illegal in the token economy. Do the right thing, own your choices.

I prefer to run token sales like a Kickstarter for subway tokens– full utility. I check with the SEC first. We're running a fully compliant utility token. If you want to buy in bulk, you're going to have to get a reseller agreement, but it's not for investment purposes.

It’s for love. Who doesn't want to get laid?

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