🤷 Opinions Alexander Goborov

Where Is It All Happening? The Biggest Crypto Cities of the World

Opinions
We’ve done our research, and we bring you our succinct conclusion: the most influential crypto cities of our planet
Where Is It All Happening? The Biggest Crypto Cities of the World
Contents

Today, we bring you our version of the biggest crypto cities in the world. Two factors were taken into account when compiling this list : 1) the number of crypto companies in each city, as well as their influence on the global market, and 2) how widely crypto payments are accepted in the region. So, here they are listed alphabetically:

Crypto city

Amsterdam (the Netherlands)

With numerous Bitcoin ATMs and many merchants that accept Bitcoin as a legitimate form of payment, the capital of the Netherlands has by now also become one of the crypto hotspots of Europe. The Dutch city is home to at least 90 such businesses, as it is to the Bitcoin Embassy, one of Bitcoin’s major global promo establishments anywhere in the world. So, if you happen to be in town, there is now more than Van Gogh and Rembrandt to see and buy, RLD excluded.

Buenos Aires (Argentina)

With most South American economies in a state of financial uncertainty and terrible inflation, many are looking for alternative ways to store their wealth, or whatever is left of it. Here, the capital of Argentina is leading the way: the city is home to almost 150 businesses that accept Bitcoin as a form of payment. For this same reason, Argentina has also become a major player on LocalBitcoins, causing a boom on the platform. The first ever Bitcoin conference in Latin America was also held in Buenos Aires last year.

Hong Kong (China)

Hong Kong, while technically belonging to China, retains its vital political and financial independence from the mainland. While the crypto ban has made things very difficult in Shanghai and Beijing, Hong Kong is taking full advantage of its economic freedom by bringing crypto prosperity to business in all possible (and profitable) forms. Among the numerous successful crypto companies that Hong Kong can boast about are two major global players: Bitfinex and HitBTC, founded in 2012 and 2013 respectively.

Ljubljana (Slovenia)

Many might not have even heard of Slovenia, let alone its capital Ljubljana; after all, it’s a small nation with a small capital. However, this city is a serious force to be reckoned with when it comes to the world of cryptography, Blockchain, and DLT: Ljubljana is home to the world’s first ever Bitcoin mall known as Bitcoin City, i.e. a shopping center where all vendors accept Bitcoin. The mall is an impressive 475 000 square meters in size, concurrently making it Slovenia’s largest shopping center of any kind. Major crypto firms, among them NiceHash and Bitstamp, are also based in the city.

New York (USA)

It is a well-known fact that New York is considered to be the world’s financial capital. When it comes to centralized finance, i.e. Wall Street and banking, there is hardly any rival that can challenge NYC’s dominance. When it comes to the world of decentralized finance, though, the city’s claim to power is yet to be made, after it manages to catch up with San Francisco’s arguably stronger output. Be that as it may, NYC is already home to more than 100 businesses that accept crypto payments, as it is to a number of major crypto companies, among them ConsenSys.

Prague (Czech Republic)

The capital of the Czech Republic may not have that much to offer, comparatively speaking, in the way of giant crypto companies which are on par with some of the other brands mentioned in this list. At least not yet. But what Prague is still lacking in quality, it is certainly making up in quantity, a pattern which is bound to eventually pay off. The city is growing in crypto adoption at a stunning rate, and for this reason it is currently ranked first by Forbes by number of businesses accepting crypto payments, more than 150, which is more than anywhere else in the world as of this year.

San Francisco (USA)

San Francisco may quite possibly be the most influential crypto city in the whole world. It has already established its reputation as a major tech hub, thanks to its proximity to Silicon Valley (around 40 miles). Now the city is also swiftly turning crypto on a huge scale: it is already home to many giants of the crypto game, among them such well-known brands as Ripple, Kraken, Coinbase, and Blockchain Capital. Furthermore, San Francisco is home to around 120 merchants that accept cryptocurrency and almost as many crypto ATMs. With such impressive stats, not many places can compete with this global crypto hotspot located in Northern California.

Singapore (Singapore)

Singapore is a unique city-state. Known for its international trade and entrepreneurial vibe, it got involved in the crypto world early on and is now considered to be one of the most crypto friendly places on our planet. It is, of course, no coincidence that one of the current crypto trade leaders of the world, the exchange platform Huobi, proudly calls Singapore its home. Among many other crypto companies based here are Litecoin, Signum, NEO, and Virtuse.

Toronto (Canada)

The largest city in Canada is also one of the biggest crypto cities in the world, which, according to some sources, contains over 200 crypto ATMs within its borders, more than any other city in the world. This is in part because Canada’s progressive government is for the most part supportive of DLT, and hence most laws on ICOs and crypto startups are quite relaxed. This is also why Toronto is said to have as many businesses within its greater suburban area that accept digital currency as the Dutch capital, Amsterdam.

Zug (Switzerland)

There is a very good reason why Zug is on our list, and it can be summed up in two words: Crypto Valley. The town located in central Switzerland is tiny. What is huge, however, is the amount of talent it contains and the number of crypto companies it hosts: over 300 of them from 20 different countries, including Buterin’s Ethereum. With the Swiss government being supportive of the Blockchain technology, the town is also home to the annual Crypto Valley Blockchain Summit, which is regularly visited by members of the European Parliament.

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Alexander Goborov

The Biggest Crypto Owners in the World by Nation

Millions Own Cryptocurrency in America
The Biggest Crypto Owners in the World by Nation

Cryptocurrency is a hot commodity nowadays: it’s in the media, it’s on trading platforms, it’s in the minds of many who have made fortunes through it and those who are still at work to achieve financial stardom. But how many people, in fact, own cryptocurrency the world over? Based on the data gathered throughout the year, we’re bringing you the ten crypto ownership world leaders by the percentage ratio of their respective populations:

Turkey is first with 18%, then Romania with 12%, Poland with 11%, Spain with 10%, Czech Republic with 9%, USA / Austria / Germany / Italy are all with 8%, followed by Australia with 7%. In spite of Turkey’s apparent superiority, the winner by the actual number of people is the United States: given that its population is around 327 million people, 8% of it is roughly 26 million people (three New York Cities put together!), which is way ahead of other countries. This is, however, not that unusual since the US is also leading the planet in terms of its crypto-computational power, i.e. it has the most miners and nodes verifying individual blocks in the global Blockchain.        

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🤷 Opinions Cyril Gilson

NEM, Dash and Petro in Venezuela: Head of NEM Latam Explains

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“We can confirm that the Venezuelan government is intending to use the NEM Blockchain”:Pedro Gutierrez
NEM, Dash and Petro in Venezuela: Head of NEM Latam Explains
Contents

Is the Venezuelan government using the NEM platform for its oil-pegged Petro cryptocurrency? Head of NEM Latin America Pedro Gutierrez answers the question in a first-hand exclusive interview.

It’s been reported that the controversial Venezuelan cryptocurrency Petro was officially released as an asset on NEM’s Blockchain rather than on Ethereum’s Blockchain, with the total supply capped at 100 mln Petro.

Pedro Gutierrez answers and explains why the NEM platform, its competition with Ethereum and specifics of doing business in one of the most promising regions on Earth.

We asked Pedro Gutierrez about NEM’s involvement with the Venezuelan government and the platform’s perspectives in Latin America and globally. As the Latam leader of NEM.IO foundation, Gutierrez sees his major task in s publicizing Blockchain technology and NEM in industry, commerce, education institutions and government in Latin America and Spain.

Cyril Gilson: Is the NEM platform used for the oil-pegged Petro cryptocurrency?

Pedro Gutierrez: We can confirm that the Venezuelan government is intending to use the NEM Blockchain. We can’t comment on how it works as it’s not a project we’re actively involved with. The NEM technology is freely open to any individual or organization that wants to use it. The NEM Foundation abstains from political endorsements.

CG: Have the NEM developers been involved in developing the Petro?

PG: No, our developers are not involved with this project. NEM’s technology is easy to use and to build applications upon while having a near perfect record for being secure. A person reasonably skilled can work on the NEM platform within a day.

It does not take much to learn how to use NEM’s technology. So it is therefore easy to imagine why the Venezuelan government wants to implement using NEM technology.

NEM in Venezuela

CG:  How big is the NEM community in Venezuela?

PG: The NEM community in Venezuela is growing steadily. We have raised significant interest in the academic and business sector. NEM is the best technology to make this happen because our platform is plug n play for business- making it the easiest and safest Blockchain network for enterprises and developers.

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CG:  When the story of NEM started in Venezuela and what are the major achievements?

PG:  NEM started in 2014 and its tech is widely adopted by hundreds of companies all over the world because the platform is so easy to use. A huge portion of global industries such as the financial sector, insurance, healthcare, pharmaceuticals, supply chain management and the entertainment industry sectors need a cost-efficient way to manage and authenticate data in an immutable and secure way. There’s no question that these companies will play a vital role in incorporating Blockchain technology in the next few years.

Venezuela is an attractive region for NEM to expand into. NEM has hubs in Malaysia, Australia, Japan and New Zealand. All of the NEM hubs are key to expanding visibility and opportunities where the NEM team can engage with the public, do training on our platform, and support startups who are interested in Blockchain.

In May, we opened an embassy in Venezuela and this is critical to providing Venezuelans with quality resources and training for developers getting into blockchain. We are hopeful that adding Blockchain services to the list of Venezuela industries can help the economy and people. In addition to this, we hold meetups to help educate the Blockchain community on the benefits of building on NEM’s ecosystem.

CG:  Are other Latam governments considering something similar?

PG: NEM is an open-source platform so any government, individual or company can build on NEM. At this time, I’m not aware of other LATAM governments building on the NEM Blockchain.

CG: What advantages and disadvantages of the Petro do you see?

PG: I don’t have a comment on this. I’m working on other projects, though, that I’m happy to talk about. We have some projects that at the moment we can not announce since we have signed NDAs, but I can tell you that they are in the financial sector, in Mexico and Colombia. We are also working on projects of agricultural traceability, electricity for rural areas among others that we will announce very soon.

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Dash and NEM

CG: Is there a competition between Dash and NEM in Venezuela?

PG: Dash is one of the most innovative and interesting Bitcoin forks, but NEM does not compete with Dash since Dash is a transactional platform and NEM is a platform of Blockchain Services. So we are not in competition with Dash because the two platforms are designed for different purposes. We have a good relationship with the DASH team and are supporters of their community, in several countries of LATAM, we have participated in events together.

What’s next

CG:  What's next for NEM in LATAM?

PG:  Education and training are critical to helping ensure the future of Venezuela to remain competitive and thrive. NEM is supporting LATAM by building Blockchain hubs, offering training to developers at all levels, partnering with companies in all industries, and building a strong community to help keep the NEM ecosystem healthy.

One way that we do this is through the $70 mln NEM Community Fund. The NEM Community Fund promotes the development of the NEM ecosystem by having the NEM community vote on funding NEM startup companies.

It’s an alternative to doing an ICO and something that could be beneficial to many people in LATAM.

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Anarchy and Cryptocurrency: The Relationship That Never Was

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Cryptocurrencies in their current form are definitely not following the anarchist principles
Anarchy and Cryptocurrency: The Relationship That Never Was
Contents

When Bitcoin first entered the market nearly a decade ago, it was thought of as the perfect tool for anarchists. Several so-called crypto-anarchists groups sprung up, hailing Bitcoin as the “path” to self-reliance and getting out of government control.

However, as it turns out, cryptocurrencies, in their current form are definitely not following the anarchist principles. In fact, there is an argument to be made that cryptocurrencies and pure anarchy were never really meant to be “partners-in-crime” in the first place.

So, before we get into all that, let’s first define what anarchy really is.

What is anarchy?

Merriam-Webster defines anarchy as one of the following five states:

  • Absence of government

  • A state of lawlessness or political disorder due to the absence of governmental authority (e.g. the city's descent into anarchy)

  • A utopian society of individuals who enjoy complete freedom without government

  • Absence or denial of any authority or established order (e.g. anarchy prevailed in the ghetto)

  • Absence of order

Now, that’s the dictionary definition. The word itself, however, is shrouded in a lot of negative connotations. If you put it in a positive light, the real meaning of anarchy is a society that has attained the highest order of consciousness. Members of this society have such high levels of self-discipline and empathy that they do not need an authority figure to keep them in check.

Unlike what many wrongly think, anarchy doesn’t mean getting rid of the government: it means elevating yourself up to a level where you don’t need one.

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Cryptocurrencies and anarchy

Back when Satoshi Nakamoto created Bitcoin and opened the floodgates for decentralized cryptocurrencies, people were wondering if this was the ideal tool that anarchists had been waiting for. Think about it, finally people had a currency system which didn’t rely on a centralized entity to take care of it.

In fact, way before Bitcoin even came out, cypherpunks and old school cryptologists already identified cryptography as a method of attaining proper anarchy. Timothy May, one of the original crypto-anarchists, wrote a report back in 1994 titled, “Crypto Anarchy and Virtual Communities.” In the report he explains:

“The combination of strong, unbreakable public key cryptography and virtual network communities in cyberspace will produce interesting and profound changes in the nature of economic and social systems. Crypto anarchy is the cyberspatial realization of anarcho-capitalism, transcending national boundaries and freeing individuals to make the economic arrangements they wish to make consensually.”

That pretty much set everything up for cryptocurrency systems and other encryption-based technologies.

Bitcoin leveraged Blockchain technology to create an ecosystem in which two people could transact with each other without getting involved with a bank. For the first time ever, you, and only you had full control over your own money.

Early adopters of Bitcoin, especially the ones who were coining themselves “crypto-anarchists”, had a big responsibility of spreading the word around to create this crypto-anarchic ecosystem; however, their attitude changed as soon as the market conditions improved, and the value of their assets swelled exponentially. They inevitably became whales, i.e. they just sat on their money and started to accumulate more wealth, failing miserably in the process at what they were originally supposed to do.

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Current state of cryptocurrencies

As cryptos have gotten more and more mainstream, it looks like they have also lost that anarchic streak that made them so desirable when they first entered the market.

To set the record straight, we still believe that cryptocurrencies have the capability of disrupting the financial sector for good. Nonetheless, it goes without saying that the entire system is becoming more and more businesslike these days, and it looks like this is not going to change any time soon.

With more and more people coming in, newer investors are getting extremely jumpy around price volatility. Concurrently, in order to protect their interests, governing bodies like CFTC and SEC have entered the fray as well. Investors have become increasingly open to regulated investment opportunities like ETFs, Bakkt, etc. Big crypto exchanges have been pressurized into adding KYC regulations; in fact, Andreas Antonopoulos recently expressed his dismay on Shapeshift opting for KYC. He sees Lightning Network, Decentralized Exchanges, and Atomic Swaps as possible future replacements:

Andreas Antonopoulos

The idea that “we will go with the government in the beginning and then branch out on our own” never really works out in the long run. Once the government has their clutches on something this disruptive, it will be hard to see them let go.

So, as you can see right now, the current crypto space is definitely not anarchic. Be that as it may, this is where we need to ask ourselves another question.

Were cryptocurrencies ever meant to be anarchic?

True anarchy is against the usage of any form of currency since money is a commodity controlled by the government. Nevertheless, even if money wasn’t under the government’s control (like with cryptocurrencies), the value that a capitalistic system itself puts on money is the biggest problem, and this doesn’t change with decentralized currency either.

The anarchist community advocates changing the money economy to a gift economy, wherein people get paid with gift vouchers in return for their services. However, there are certain schools of anarchist thinking that don’t have a problem with having currency.

Deeper than just “anti-government”

From whatever we have shown so far, one thing becomes very clear.

The cryptocurrency space has never been anarchic, in the purest sense of the word, and never will be. Sure, it offers a decentralized currency which can be used trustlessly for daily transactions; however, the concept of anarchy goes deeper than just being “anti-government.”

The core idea of anarchy is to be self-sufficient and competent enough on your own as a society that does not require government’s intervention. Old school anarchy believes that the idea of money, be it in its physical form or its decentralized cryptic form, can seriously threaten this core concept.

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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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Roger Ver aka Bitcoin Jesus: Who is Piloting the Drowning Vessel Called Bitcoin Cash?

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Roger Ver is known for many things, from being an early exponent of Bitcoin to the mastermind of Bitcoin Cash: here we briefly examine how he got into this position
Roger Ver aka Bitcoin Jesus: Who is Piloting the Drowning Vessel Called Bitcoin Cash?
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Roger Ver is a name mentioned all too often by those in the crypto circles and even those beyond them. Many know Ver as an early proponent of Bitcoin adoption and one of the founders of Bitcoin Cash. But apart from these projects, how much do we actually know about the man himself? Here we throw a breezy glance over some key events in Roger Ver’s biography.

The Gist of It All

Bitcoin Cash came into existence on August 1, 2017 as a result of a hard fork during which a group of senior developers led by Roger Ver split from the world’s first cryptocurrency, Bitcoin, in an ambitious attempt to increase the network’s block size by introducing a new, improved code.

Until very recently, the project was quite successful, starting at around 500 USD per unit at its time of inception and gradually climbing to around 4000 USD with a market cap of almost 70 billion USD later in the year, at the peak of the last Bitcoin bubble.

This year, however, the figures have been declining just as steadily, leaving Bitcoin Cash at its all time low with a market cap of only 3.5 billion USD and a price tag of just over 200 USD at the time of writing.

This low point in Bitcoin Cash’s history coincided with and was in many ways the result of two important factors: 1. Its elder brother’s sudden plummet which saw Bitcoin hit its worst levels in over a year, and 2. Another hard fork, which saw Bitcoin Cash be split further into yet another two constituents.

While the rest remains largely uncertain at this point, let’s look at how Roger the bellwether got into this troubled albeit undoubtedly privileged position in the first instance.

The Man and His Early Years

Roger Ver was born in sunny San Jose, California, in 1979. By the time Roger was a teenager in the 1990s, San Jose, which is located in the now celebrated Silicon Valley, had become a growing high tech force with first hundreds and then thousands of start ups. Venture capitalism was sweeping the United States. A community college dropout, by the time he was 20, Ver started his own online company, Memory Dealers, which sold computer hardware. Unfortunately, as this was all happening, the dot com bubble had already entered its final phase, and soon enough the famous boom started to give way to the infamous crash, mercilessly annihilating those companies who weren’t swift and strong enough to foresee and withstand the impact.

Roger was forced to seek his fortune elsewhere, as he started selling products through another man’s creation, Pierre Omidyar’s much more successful platform, Ebay. This seemed like a reasonable plan except that he was now selling explosives, and yet worse for America, without a license.

The Bureau of Alcohol, Tobacco, and Firearms at the US Department of Justice caught a whiff of the shady activity, and in 2002 Ver was arrested and subsequently tried, fined, and sentenced to 10 months in federal prison with an additional three-year period of supervised release. He was 23 years old when he began serving his sentence in August of that year.

Entering the Crypto World

Interestingly, some sources claim that Ver made his first million dollars in 2003, as he was serving his time, through his then still functioning Memory Dealers. Be it completely true or not, certainly Ver had time on his hands to do some contemplating while in prison. When he got out as scheduled and completed his probation, he relocated to Japan in 2005.

For the next four years, up until the time of Bitcoin’s launch in 2009, Ver continued to run Memory Dealers. His efforts must have been fairly successful since in 2011 he had enough capital to become an angel investor of Bitinstant, a Bitcoin exchange platform founded by Charlie Shrem. Incidentally, Shrem would later also serve time in prison for illegal trade on the dark web, though unlike Ross Ulbricht’s draconian sentence for the same crime committed on Silk Road, he would get away with only two years.

That same year, Ver introduced Bitcoin as a method of payment on his own website, arguably the first company to do so officially. He also had his hand in Kraken and Ripple, plus a number of other crypto companies. All of these efforts combined earned him the nickname Bitcoin Jesus, as he became one of the earliest believers in digital currencies in general and Bitcoin in particular.

Triumphs and Troubles with Cutlery

Having made a substantial amount of money through his investments and with Bitcoin’s price climbing up, Ver looked for a tax haven and subsequently renounced his US citizenship in 2014 in favor of the Saint Kitts and Nevis passport from the Caribbean. This made some headlines, but even more so when this prevented his re-entry to the US for a tech conference the following year.

It could be argued that Roger desired his own cryptocurrency at that point. Certainly, the self-proclaimed anarcho-capitalist, while being a huge early supporter of Bitcoin, was never on the developers’ team. But he could feasibly use Bitcoin’s brand and its momentum along with his own weight in the community to get more of a footing, and this is precisely what he did in 2017.

To be fair, the first Bitcoin fork did supposedly lead to a larger block size and shorter confirmation times, but, above all, it also made Ver one of the key leaders, not merely users or advertisers, of the hot new cryptocurrency called Bitcoin Cash. In contrast, the fork from this month was not likely to have been orchestrated by Ver. Instead, it was another camp led by Craig Wright and Calvin Ayre, who had their own agenda and probably had more to do with igniting the civil war, while Ver with teammates simply had to stand their ground and in the end go into battle, mayhap reluctantly.

This leaves Bitcoin Cash where it is today, in a state of morass. But having witnessed quite a bit from Bitcoin Jesus, it’s not likely to be the last of him. Let’s see whether he’s got another ace or two up his sleeve.

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