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Forbes miner's union plan, let you make it clear

Forbes miner's union plan, let you make it clear

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Learn from famous teachers: Dao organization comes from Cosmos, poca and other well-known open source projects as well as a number of Wall Street financial practitioners
Grounded Technology: the core research direction of blockchain developers "cross chain"
Looking at finance: building distributed financial infrastructure
Layout of mining industry: "mining machine, mine field and mine pool", and strive to build a trinity of mining giant whale in 2020
In 2020, Forbes, the most concerned blockchain 4.0 project, is about to launch its global mining plan: Forbes has released its own ASIC chip bitcoin miner, and GFS hard disk miner is under development. At the same time, Forbes deployed mines in various regions of the world, including China, Southeast Asia, the United States, Australia, Russia and other places, to protect the "consensus".
Forbes receives f2pool Based on the deployment of mining machines and mines in 2020, the Forbes plan will be launched with the strong support of internationally renowned mining pools. It is expected to build into the world's largest, most open and transparent comprehensive mine pool within three years.
Miner and quarry
Blockchain is revolutionary. It allows anyone to own and transfer assets through an open financial network without a trusted third party. There are now thousands of blockchain based assets, and the main way to produce encrypted assets is mining. "Mining", i.e. encrypted assets, represents the wealth anchored by the blockchain system, "mining" is the most direct means for all the network to obtain wealth. When the miner obtains the right to pack the blocks according to the consensus rules based on cryptography, and packages all the transactions correctly, the mining behavior can obtain the reward (token) given by the blockchain system for its honest record of the blocks, and when the blockchain system gains value promotion due to the growth and development of the participants, the token obtained by the miner will also be given higher and higher The secondary market value of. The miners produced the initial system pass. Therefore, mining industry has become the most upstream of blockchain industry.
It can be said that mining industry is the foundation of the whole blockchain industry, which determines the 0 or 1 of a blockchain system. The mining equipment we use is the miner.
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The miner is essentially a computer. Personal computer is generally composed of CPU, GPU, memory, hard disk, motherboard and other devices. Mineral machinery is no exception in nature. Any mineral machinery is composed of motherboard + hard disk + mining chip. However, due to different mining machines for different algorithms of digital assets, such as GPU (or ASIC) for BTC, ETH mining, CPU for Monroe money mining, hard disk for IPFs, Bhd and other projects mining.
Forbes mining machine in the main board, hard disk, mining chip innovation, Forbes uses dpoc consensus algorithm, belongs to the hard disk mining branch. Forbes with the strongest computing power is also in the field of the Internet of things. In foreign countries, everything is connected, hundreds of millions of intelligent devices are connected with each other, and they have super computing power and stability. Forbes mining machines all over the world will be very suitable for the deployment of Internet of things protocol, and become an important component of blockchain + Internet of things.
The mine site is the offline site for the deployment and maintenance of mining machines. But for ordinary investors who want to enter the market, mining is difficult because the mining threshold is too high. Personal users want to mine, there is a huge deployment threshold and technical threshold. First of all, individuals can not get excellent electricity price, high temperature and high noise environment makes it impossible for users to mine at home. In addition, mining needs to be configured and deployed, and expensive mining machines need to be maintained regularly. Musk said that Tesla is not selling cars, but workshops. Standardization is necessary for an industry to achieve success. In the early miner Alliance Plan, Forbes launched its own BTC ASIC chip and bitcoin miner. At the same time, combined with major capitals, it created a global standardized Forbes mine, which was deployed and maintained in a unified way, greatly extending the service life of Forbes miner. According to the simulation test, Forbes I miner can operate stably for more than six years, which greatly reduces the mining cost and enables investors to obtain higher profits. Later, Forbes will log in to the Forbes hard disk miner in the ore pool after the main network goes online.
Forbes miners Alliance Program
Miner Alliance Plan: during a period of time when Forbes main network goes online, users can use collateral parallel chain assets (such as usdt, BTC, etc.) to lease computing power to deploy mining machines in global mines. In the lease term, the deposit is returned by the smart contract according to the number of days, and the mining revenue is obtained by the early participating nodes.
Due to the cross chain implementation of Forbes, a large number of nodes need to be deployed in the early days to complete the information interaction between the relay chain and the parallel chain. And with the scale of ore pool access, the marginal cost of new mining machines will be lower and lower, and the revenue will grow steadily. Therefore, Forbes started the plan of Forbes miners' alliance, realized the rapid scale of the mining pool with market funds, and realized the stable growth of mining profits.
Through the miner alliance, users can rent mining machines. In the form of "deposit contract" to ensure that each miner's fund is dedicated, and at the same time, for each miner, it is considered to realize the real deposit settlement on schedule through the blockchain intelligent contract. After the Forbes miner generates mining revenue, the user will get kusd stable currency. In the operation plan of Forbes Dao, all the miners who join the mine have the opportunity to convert part of the profits into GFS with unlimited potential.
It is estimated that the early participants in the Forbes miner's program will have more than 1.6 times the deposit during the lease term of one year. It was asked where such gains came from. In fact, as a representative project of blockchain 4.0, the appreciation of GFS is inevitable. At present, the trading of GFS secondary market has increased by more than 10 times in a week. With the continuous extension of parallel chain and the continuous exploration of financial business, there is almost no doubt that the growth of GFS exceeds that of bitcoin in a year, even if it is halved. Forbes Dao mass produces Forbes super miner through the digital assets mortgaged by users. After the cost is removed, it covers more than 1.6 times of the revenue to nodes. Almost the secondary market value of GFS alone is far beyond.
In addition, the BTC value dug out in the miner's Alliance plan will become a stable support for the miner's Alliance Plan, and 2020 is known as bitcoin minus half a year. Get BTC while digging GFS. To say the least, the price of GFS has fluctuated, and the BTC dug out is actually stable. Not to mention that the layout of Forbes gold stable currency, Forbes DEX and so on has been dragged down, and the user's income is cashed at any time. Forbes' miner plan is a three-way and multi win business initiative, which is the distributed power.
submitted by forbeschain to u/forbeschain [link] [comments]

[Diplomacy] The Third Belt and Road Forum: The Caucasus

June 8th, 2021
Beijing, China
The reality is that China does not have the military power that the United States and Russia bring to the world stage, nor do we have decades of Cold War influence that have carved out spheres of influence in the forms of economic unions, alliances, and buffer zones. However, we have the greatest weapons of all on our side: time, and an artificially-devalued currency that allows us to perform what Western economists refer to as "black magic." Our system has confounded the West and its brightest minds for years, and they will continue to scratch their heads as the honorable and powerful People's Republic exercises our soft economic power to carve out our own spheres of influence across the world.
Debt is a loaded gun with a hair trigger, a time bomb with a broken clock. There is a reason moneylenders were so hated all throughout human history -- they held power over their debtors, real power. In a world that is becoming increasingly dominated by the multilateral alliance of NATO and the lone Dragon, we must build a multinational web of our own. We do not have natural allies as do the Americans and Europeans, and many around us do not trust us enough to sign onto a permanent military alliance. However, we can slowly bring the nations of the world to appreciate us through copious investments. And it is through these investments that we will make these countries dependent upon us for growth, so that they may one day repay our kindness with a favor of our own request. The greatest minds of China, including Paramount Leader Xi Jinping, Asian Infrastructure Investment Bank President Jin Liqun, and Silk Road Fund Chairwoman Jin Qi have determined that this is our path forward, and we will follow it to the glorious destiny that awaits us.
The first Belt and Road Forum of 2021 will focus on a valuable reason, one with limitless potential for growth and profit, and an important battleground in the war for global influence: the Caucasus. Turkey, Georgia, and Azerbaijan have been isolated for this round of offers, focusing on infrastructure, energy, agriculture, and more.

Turkey: The Middle Corridor

A nation seeking to increase its own global standing, the Republic of Turkey recently announced the creation of the Middle Corridor Project, an investment program seeking to increase connectivity between Europe and Asia through Anatolia and the Caucasus. Conveniently enough, the People's Republic share the same goal. While Chinese-Turkish relations are not all they once were, it is our opinion that our nations still have much to gain through cooperation in this arena. Therefore, we bring the following offers to the Republic of Turkey:
Working On the Railroad
Following the imminent integration of the Baku-Tbilisi-Kars Railway with the Edirne-Kars High Speed Railway, the Turkish-Chinese trade network -- with a total volume of over $100 billion -- will become much faster and more efficient. The vast expansion of this capacity for movement of goods will continue to open up trade avenues between Turkey and China, allowing the Turks to benefit from Chinese investment and affordable manufacturing while Chinese companies will gain access to one of the largest and fastest-growing markets and industrial bases in Europe. To further accelerate and improve this process, China is willing to offer a loan of $2 billion dollars at a 2.4% yearly interest rate for the purpose of more quickly integrating the two rail networks with the rest of the trans-Asian railways. As Chinese companies have been proven to construct a mile of high speed rail for the ludicrously low price of $30 million, this offer should invigorate the process and greatly enhance the railway's capabilities should Turkey accept.
The Nuclear Option
A major goal of the Turkish Ministry of Energy and Natural Resources throughout the 2010s has been the construction of nuclear power plants in order to increase the nation's share of energy from that source. However, a number of projects have only ended in failure, having met various roadblocks from the safety issues that led to the abandonment of the Sinop Power Plant Project and the deterioration of relations with Russia that have halted the progress on the notable Akkuyu Power Plant Project, which was originally scheduled to be built, owned, and operated by Russian parent company Rosatom. The final nuclear plant scheduled in Turkey is the İğneada Power Plant, to be supported by American company Westinghouse Electric.
The People's Republic believes that Turkey would be better off working with the expert Chinese engineers and technicians, rather than the Russians, whose vision of Turkey and willingness to help is clouded by political tension, and the Americans, whose vision of Turkey is little more than a puppet and bulwark against Islamic terrorism in the Middle East. Certainly, Turkey can do better than this. The People's Republic has recognized that Turkey's economy has incredible potential fueled by a hardworking people and a bounty of natural resources. Therefore, we offer the following proposal to the Republic of Turkey:

Georgia: On My Mind

Georgia, despite the relative prosperity in Tbilisi and other major cities, is still very much a developing country. It is heavily reliant on agriculture in many regions, and subsistence farming remains quite common throughout rural parts of the nation. The People's Republic's analysis of the country has determined that in order for it to accelerate its growth and drastically increase its standard of living, it must break the economic stranglehold that is subsistence farming, and Chinese corporations are more than willing to assist in this task. In 2019, Maya Tskitishvili, the Georgian Minister of Infrastructure and Regional Development commented that the Belt and Road Initiative would serve an essential function in growing the Georgian economy. As Georgia was one of the first nations to express interest in the initiative back in 2015, we find it fit to repay this faith in kind.
Fixing Farms
As stated, reforming agriculture through the end of subsistence farming is key to unlocking Georgia's industrial and economic potential. To this end, the Beijing Hosen Investment Management Group, along with a number of smaller Chinese agricultural investment firms, are willing to invest a total of $40 million into purchasing farms of 200 acres or less, or farms that have a projected yearly revenue of $50,000 or less, in order to consolidate them into large farms. These farms will employ at least 80% of their workers as Georgian nationals, while Chinese workers may be immigrated into the country to pick up the remaining jobs that will be created -- a notion that Georgia has previously explored with South African, Armenian, and Arabian nationals. Agriculture is generally associated with economies of scale, meaning that larger farms are more productive and more cost-efficient, so neighboring farms that can be combined into singular large enterprises will have a higher priority for purchase and investment. Furthermore, for larger-scale, Georgian-owned agricultural projects, the People's Republic is willing to offer various loans to Georgian companies. A total of $250 million will be made available at a flat yearly interest rate of 3% for the lease of Chinese-manufactured farming equipment from WeiFang Guanghui Agriculture Mechanism, Shandong Yingsheng Machinery Company, and the Qingdao Iaoshan Tractor Factory.
The governments and cooperations of China and Georgia will cooperate to ensure that Georgian farmers who sell their farms will be able to find jobs in the newly-consolidated agricultural conglomerates to ease fears of unemployment. Furthermore, our economists (as well as Georgian economists) estimate that the jobs created by the elimination of subsistence farming will more than compensate for those lost during the transition.
Bit by Boring Bit
Interestingly, a growing career path in the nation of Georgia is full-time Bitcoin mining, as well as other forms of cryptocurrency. It is becoming quite common for young Georgians to take advantage of powerful Soviet-era electricity grids and the abundance of electricity in the region to mine vast quantities of cryptocurrency, making Georgia one of the leading countries in the crypto market. We believe that we can use this to our advantage. Chinese investment banks, notably the Agricultural Bank of China, will purchase a number of cryptomines and put them to work for the People's Republic, subsidizing part of the electricity cost in exchange for a portion of the profits and a foot in the door of the vast Caucasian energy industry, which will be developed more later.

Azerbaijan: The Middle Child

At the Second International Belt and Road Forum in 2019, Azerbaijani President Ilham Aliyev indicated his country's express interest in taking part of the project to expand its infrastructure and trade opportunities. With the increasing importance of the BTK railway, we see it fit to secure our interests in the Azerbaijani economy so that both our countries may profit. We wish to extend an offer of a loan of $8 billion with an interest rate of 3.2% to Azerbaijan to be used in expanding the Baku International Sea Trade Port, which currently handles 15 million tons of cargo, to handle 25 million tons of cargo by 2028. We would also like to explore the possibility of increased Chinese presence in the Caspian through investments in Caspian Sea natural gas, and the China Petroleum & Chemical Corporation is willing to invest $2.4 billion for the construction of two natural gas drilling facilities in the Bahar offshore oil and gas field in the southern Caspian. These natural gas facilities will employ at least 80% of its labor force as Azerbaijani workers, and up to 49% of shares in the facilities will be made available for sale to non-Chinese investors. There are an estimated 25×109 m3 of natural gas in the Bahar fields alone, and the fields currently produce around 130 billion m3, making them a valuable resource that should yield consistent production and profit well into the future.

The Fourth Belt and Road Forum

The People's Republic is open for business. In the wake of the COVID-19 outbreak that scarred many economies around the world, we want our fellow nations to know that China is willing and able to invest in them to ensure a better future for both our peoples. Currently, China is targeting the Middle East for the next round of investments, but the People's Republic promises that any nation which requests loans will be considered.
submitted by also_pike to Geosim [link] [comments]

My attempt at an ELI5 for cryptocurrency to help my friends.

This is a long one so fair warning and no there is no tl;dr. I've only been at this for about 6 months and worked up this paper the other day for my friends who are interested but know very little about this. Hopefully whoever reads this can make in corrections as I am far from an expert.
Blockchain
Cryptocurrency, Bitcoin, Ether are all blockchains. Blockchains are basically a spreadsheet (LEDGER) that is duplicated multiple times across a network and updated regularly simultaneously. There is no centralized version of this ledger. It is hosted simultaneously by thousands/millions of computers. These ledgers will update on their own, Bitcoin as an example automatically checks itself every 10 minutes. Each of these 10-minute increment of transactions (in bitcoins case transactions would be sending or receiving bitcoins from one person to another for goods or services) are called BLOCKS. For these blocks to be confirmed, accepted, and updated to the ledger nodes are required.
Nodes (Mining/Forging)
A node is a computer running the blockchain software on the network. The blockchain software will automatically download the entire ledger of all transactions since its inception. At regular intervals, the software will take the transactions of a block (data on the ledger) and convert them into a mathematical puzzle to be solved by randomly chosen nodes (MINING). Mining requires powerful processors (typically GPUs) and substantial quantities of energy to receive mined tokens profitably. When a specific number of nodes solve the puzzle with the same answer they are basically confirming that the data on the block is accurate as multiple independent nodes found the same answer. When confirmed, the block gets added to the previous blocks making a chain of blocks aka a blockchain. As an incentive to run your computer as a node you are rewarded with TOKENS. If a single person or group of people wanted to manipulate the ledger, the amount of machinery and electricity used to achieve the majority of miners thus allowing you to manipulate the ledger is so exponentially expensive that it serves no reasonable purpose. This is an example of a Proof of Work Blockchain System (computer solves puzzle and rewarded with tokens)
Tokens
Tokens are part of the core of the blockchain. They are an incentive to validate transactions and create blocks. They gain intrinsic value based on the blockchain they are associated with. Some blockchains grant token holder’s different abilities. With Bitcoin, tokens are needed to pay for transaction fees. Others allow voting rights on how certain blockchain functions are managed. There is a limited amount of Bitcoin that will ever be released to nodes (21 million expected to be all be released by 2033) which also keep inflation from being a problem. Blockchains can create their platform with whatever number of tokens they would like and release them or create means to mine them as they see fit. Essentially, as with any other fiat money (currency that a government has declared to be legal tender NOT backed by a physical commodity), as adoption and trust increases the value of the token will increase. If most people accept Bitcoin for services and stores accept Bitcoin for goods than it is as good as the next currency.
Wallets
Whether you mine for tokens, are paid in tokens for goods or services or purchase tokens from a person or currency exchange you need a place to store them securely and a way to send and receive them. Cryptocurrency Wallets don’t store currency, they hold your public and private keys that interface with the blockchain so you can access your balance, send money and manage your funds. The public key allows others to send money to the public key only. A wallet that is "offline" (see Hardware or Paper below) cannot access funds or send money unless it is accessed with another form of wallet, either desktop, online, or mobile.
1) Desktop Wallet - Installed on your computer and are only accessible from that SINGLE computer. Very secure but if someone hacks your computer you are exposed. 2) Online Wallet - Run remotely (cloud based) and are far more convenient to access but make them more vulnerable as they are controlled by a third party and are also vulnerable to hacking attacks. Exchange wallets are online wallets but you are not in control of the private key. View it as a wallet that is lended to you so you can trade. The wallet is technically not yours. 3) Mobile - Ran on an app and are useful as they can be used anywhere including retail stores 4) Hardware - Private keys are stored on a tangible device like a USB drive. They can make transactions online but they are stored offline. Compatible with web interfaces and support many but not all currencies. To use, plug into a computer, enter a pin, send currency and confirm. Safest form of storage. 5) Paper - Basically a physical printout of your private and public keys. It is not stored online anywhere and the only way transactions can happen is if you transfer money with the help of an Online wallet.
Example of a Public Key = 1A684DbsHQKPVCWgaUsYdF4uQGwTiA9BFT Example of a Private Key = E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262
Most wallets provide a Recovery Mnemonic Passcode that is a series of words (typically 12 to 24 words) in a specific order. If you lose your login information for your wallet you can supply the mnemonic passcode and retrieve your lost login information. If you lose your login information and your mnemonic passcode your wallet will be inaccessible and your tokens are lost to you. The above basically describes a first generation Blockchain Cryptocurrency such as Bitcoin. It is used basically as currency with no centralized entity regulating the release of additional currency and keeping the ledger of where the money is going secure and extremely safe from manipulation.
Second Generation Blockchain
The second generation blockchains sprung out of this environment with something more valuable. Utilizing the blockchain system to allow applications to be ran on top of a decentralized secure system. Instead of just recording transactions, contracts could be transmitted the same way. More complex transactions (SMART CONTRACTS) allow for things such as: - Funds to be spent only when a required percentage of people agree - Manage agreements between users (such as insurance) - Provide utility to other contracts - Store information about an application such as domain registration information or membership records This basically can allow applications to be ran on top of the blockchain system. This can cut out the middleman for many real-world applications (mortgages, banking, communications, security confirmations etc.)
Proof of Work/Proof of Stake
As I mentioned earlier, Proof of Work (PoW) requires nodes to solve a mathematical puzzle which is rewarded with tokens. Proof of Stake (PoS) is different, the tokens with proof of stake systems are pre-mined meaning they are all created when the blockchain system is created. Blocks are not verified by the typical method. The block validator uses the blockchain software to stake their tokens and are chosen based on specific factors depending on how many tokens the person holds and for how long. Depending on how many tokens they hold will restrict the quantity of blocks they can validate. If they own more they can validate more often but all validators will be chosen randomly keeping the rewards fairly distributed (unlike PoW which typically reward the first completed.) The blockchain still requires a mathematical puzzle to be solved but it is much easier than PoW requiring far less time and energy. If the blockchain has premined all of their tokens then new tokens cannot be mined for rewards in PoS. The reward for staking your tokens to be a validator is a portion of the transaction fee that is charged as part of normal transactions on the blockchain. That is why PoS miners are called forgers. If manipulation is attempted than their stake can be taken from their wallet adding more motivation to prevent data manipulation.
Fork
Some cryptocurrencies may need to update or upgrade the coding of their blockchain software. When this happens usually a fork occurs. This basically means the cryptocurrency splits into two separate cryptocurrencies. Because the nature of blockchain technology, they are decentralized and autonomous so the older version cannot be deleted or removed. If people choose to continue using the old version they can. For mining/forging purposes the nodes will need to choose which they will mine/forge and download the blockchain software on their computer to proceed. When the fork occurs, anyone holding tokens in the original currency will be given the same number of tokens in the forked currency. (When Bitcoin forked to Bitcoin Cash, anyone holding x amount of Bitcoin would receive a new wallet for Bitcoin Cash also containing x amount of Bitcoin Cash.) This is called a Hard Fork and all previous transactions are made invalid. There are also Soft Forks, in this case it is backwards compatible and all previous transactions are valid. This can result in two currencies but in most cases, it doesn’t as it is usually accepted by most miners/forgers because it is backwards compatible.
Exchanges
Online currency exchanges allow you to buy, sell or exchange fiat money (USD, EUR, etc) with digital currencies or in most cases digital currencies for other digital currencies. There are a large variety of different exchanges that are operated in multiple countries but there are around a dozen that the majority of cryptocurrency trading volume are present on. Not all cryptocurrencies will be listed on all exchanges, some have specific prerequisites to be listed on their exchange and there may be fees associated as well. Once your account is set up you will have a list of all available cryptocurrencies to trade. Each currency will have an associated online wallet with the public key address allowing you to send that specific currency to that wallet. (Many exchanges are having delayed or canceled identity verification, currency transfers and lack sufficient customer support due to the influx of new traders) Examples of top exchanges: 1) Coinbase (trades fiat) 2) GDAX (trades fiat) 3) Gemini (trades fiat) 4) Changelly (trades fiat) 5) Bittrex 6) Binance 7) HitBTC 8) EtherDelta 9) Bitfinex 10) Kraken 11) Bithumb 12) Bitstamp 13) Poloniex 14) OKEx
Sending/Receiving Tokens
All wallets have the ability to send digital currency to other wallets. The function is relatively easy, make sure the currency you are sending is going to the appropriate wallet for that currency. Ethereum tokens cannot be sent to a Bitcoin wallet for example. (The tokens aren’t actually moving location; the list of transactions/ownership is what is stored in the wallet). Triple check the wallet private key you are sending the tokens to. If you type the wrong address the tokens will be lost in nearly all incidents. Some mobile wallets allow you to scan a QR code that will automatically enter the public key rather than copying/pasting or typing out the public key.
Taxes
As of January 1, 2018 it appears that taxing on digital currency has changed. Every trade between any digital currencies (Bitcoin to Ether, Ether to Litecoin etc) will be a taxable transaction. If you hold the currency for longer than one year than you will pay capital gain tax when it is traded or sold (15%-20%) and if you sell or trade in less than a year you will have to add the profit to your taxable income to adjust your tax bracket.
Altcoins
Altcoins are basically any coin that is not Bitcoin. Most cryptocurrencies do not have a native blockchain (their own independent dedicated blockchain). Bitcoin, Ether, Ripple, Waves, NXT, Cardano all have their own native blockchain. Many other cryptocurrencies run on other cryptocurrency’s blockchains. Litecoin runs on Bitcoins blockchain, hundreds run on the Ethereum blockchain. These currencies act as smart contracts running on the adopted blockchain.
DApps (Decentralized Applications)
For a blockchain application to be considered a DApp it must be 1) Open source, code available to all 2) Decentralized, uses blockchain cryptographic tech 3) Incentive, must have tokens to fuel itself 4) Algorithm/Protocol, generates tokens and has a built-in consensus mechanism (mining/forging.)
There are 3 types of DApps, each basically piggybacks off the platform of the previous Type 1 – Have their own blockchain (like bitcoin) Type 2 – Use the blockchain of Type 1 DApps Type 3 – Use the protocol of Type 2 DApps
ICO (Initial Coin Offering)
Much like an IPO (Initial Public Offering) that offers stock in a private company to the public, an ICO raises money for new Cryptocurrency ventures. Typically, a minimum investment is required in the form of a cryptocurrency such as Bitcoin or Ether and the investor is given tokens of the cryptocurrency at a reduced cost. Due to the fact that ICO’s are so new, government agencies have not begun regulating these ventures making them extremely risky as anyone with a competent coder can create and market a cryptocurrency that can be used to swindle investors who aren’t cautious. The US government no longer allows its citizens to participate in ICO’s and if you are using a computer with an IP address located in the United States, ICO’s websites will not allow you to invest.
Research
1) Whitepapers – Each cryptocurrency will have their own dedicated websites and most will have a whitepaper that has a description of what their cryptocurrency is designed to do. 2) Roadmaps – Also on each cryptocurrency’s website, they tend to have a roadmap or timeline as to when they are planning to complete certain milestones be it added features to the blockchain or wallet or any other important events. 3) Coinmarketcap.com – List of every available cryptocurrency, the exchanges they trade on, market cap, trade volume, available tokens, newly created tokens etc. 4) Reddit.com (cryptocurrency subreddit) – Subreddits focused on cryptocurrency as well as specific subreddits focused on individual cryptocurrencies. Be cautious as many people on these sites are uninformed and/or are trying to manipulate the market by fooling others to buy or sell based on fraudulent information. 5) Bitcointalk.org – Forums specific to individual cryptocurrencies. There is a lot of self-marketing (bounties) on this site. Take what they say with a grain of salt 6) TwitteFacebook (Social Media) – Many times news from team members or the cryptocurrency’s social media page will break news before it is listed on any of the above-mentioned outlets. Find out who is working for the cryptocurrency you are interested in and start following the team’s social media. Don’t forget to look at their linkedin accounts if available, previous employment and behavioral history to confirm they are competent. 7) Github - Code from projects can be uploaded here and reviewed for issues and revisions.
Common Terms/Slang
Shilling – covert advertising, personally endorsing a token so as to manipulate the price to either recoup a loss or increase gains on a token the individual owns. FUD – Fear, Uncertainty, Doubt; another method to manipulate the price of a token the person owns by making others second guess their investment decision on a specific token. FOMO – Fear Of Missing Out; buying a token (usually after the price has already increased) hoping they haven’t missed the majority of a price increase. Shitcoin – A cryptocurrency that has become worthless overtime or a scam operation. To the Moon – Massive increase in a token’s price.
I'm sure there are probably revisions to be done on this as I am still getting my head around all of the concepts. Any help to this would be appreciated.
submitted by Truantlife to CryptoCurrency [link] [comments]

Artificial Angel, Part 4

[WP] An Artificial Intelligence has discovered that it can mine cryptocurrencies and pay humans to carry out tasks on its behalf. You get an e-mail one day from a stranger, offering you Bitcoins in exchange for doing a seemingly random task, but you are only one piece of a much bigger plan...
Part 4
Saturdays on the sky train were always busy. Tim followed the narrow aisle in search of an empty seat. He finally found one inside a booth.
“Is it okay if I sit here?” Tim said, sliding the glass door open.
A sweet scent of coconut and hairspray washed over him. The girl in the other seat pushed her bulky neon-green headphones to the side. For a moment, her soft hazels appeared confused under the dark bangs. Then, she quickly moved her studded leather handbag out of the way.
“Oh, sure.” Her black lips curved into a polite smile. “Of course!”
Tim nodded his thanks. Outside, the emerald saltwater fields sped by, with the orange crab-like harvesters, floating gently along their preprogrammed routes. In the mirrored surface, the white clouds and high-altitude sun panels competed for space on the brilliant blue canvas. It was strange that such technology could exist alongside the poverty of the outer cities. If he took a few steps over to the other side of the train car, he’d be able to see the graffiti-ridden façades, the dirty streets filled with ancient gas-fueled automobiles, and all the citizens stuck in hopeless inescapable life routines, dragging their feet along the cracked pavement.
Alicia was worth more than all their lives combined, and that didn’t feel right. How was such a piece of machinery allowed to exist when people were struggling to get by? When he got the scholarship and moved away from home to start his first year at the Avondale High School of Cyberdynamics & Robotech, he had vowed to make a career in affordable domestic appliances. He’d wanted to change the living situation in the outer cities. If he could somehow sell Alicia, he could put all that money into research and perhaps start up a business to make that dream come true.
He glanced at the punk boots and the mismatched black and white patterns on knee socks of the other passenger. She probably lived in one of the glass domes at the heart of the city – maybe she was one of those rich kids who got a kick out of dressing like delinquents.
“Do you mind?” she said.
At first, Tim thought she had caught him staring, but when he looked up she flipped a stick of synth-bacco between her fingers. Tim shook his head but turned up the ventilation to the max.
Alicia had eaten, could she also smoke? Did she have lungs like a human? From the cuts, he knew that she didn’t have a bloodstream, which meant anything she put in her body didn’t really affect her. If she had too much to drink, would her artificial mind imitate the effects of the alcohol? Was she programmed to shut down if she starved? There were so many interesting questions that he needed to answer. Once he got back, perhaps he could turn her off and open her up.
Soon a smell of burning ozone and tobacco smoke filled the booth. The intense blue light from the end of the stick bobbed up and down between the punk girl’s lips. Her fingers started tapping on the screen of her phone. Tim found her intriguing but had never been especially good at conversation, so he kept quiet.
The countryside outside the train window changed rapidly from languid green and blue to shiny white and silver. The sleek glass buildings of the city’s lower levels rolled by and started climbing in size and complexity. Tim rarely had any business in Avondale proper and avoided the busy inner domes if he could, but to get the more high-end items on the list, he now had no choice.
Inside a forest of colony spires and forum towers, the clear glass cupola of the Cloud Market bulged like the top of a massive soap bubble. The punk girl’s phone pinged, and Tim noticed that her fingers stopped moving. He felt like she was watching him, but he didn’t look up to confirm. Suddenly she spoke.
“Excuse me; this is going to sound really weird but…” She leaned forward, rolling the left knee sock down her pale leg. “I’m supposed to give you this; you can keep it or throw it away, as you like.”
She balled up the sock in her hand and placed it on the table. She then wriggled her foot back into her boot and promptly exited the booth, embarrassment written in pink over her cheeks.
A moment later the train stopped. Tim wasn’t sure what to think. For a moment, he stared at the sock. Then he snatched it up and put it in his pocket. Last time something weird like this had happened things had turned out quite well for him. He hurried off the train before the doors closed.
The platform at the Cloud Market stretched along the edge of a park. The leaves of the trees rustled in the artificial breeze. He followed a sanded path between two ponds dotted with white lotuses. A couple of long-necked swans cruised across the tranquil surface. The air here felt unnaturally clean – no smells at all. It reminded Tim of the time when had accidentally drunk a glass of distilled water – a taste of absolutely nothing.
Part 5
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ECOCRYPTO

ECOCRYPTO
ECOCRYPTO
FOR GREEN CRYPTOCURRENCY MINING
FUTURE OF CRYPTOCURRENCY
DEPENDS ON ECOLOGICAL MINING
"CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING"
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ANALYSIS

Green Crypto Mining Will Define The Industry’s $38bn Future

Energy usage will drop by design thanks to these critical industry developments.

📷By Nick Hall On Aug 10, 2018
1,779
1
In March this year, the sky officially fell in for Bitcoin miners. With the slump in prices and the extraordinary energy consumption it takes to mine the coins, Fortune revealed that mining a Bitcoin cost as much as buying one. Green crypto mining wasn’t even on the radar for most people until earlier this year.
That was back in March and they were the good times. Morgan Stanley revealed in April that Bitcoin miners would lose money if Bitcoin slipped below $8,600, even with low electricity figures factored in.
A recent study by Coinshare showed that the numbers attributed to the Bitcoin mining industry have been grossly exaggerated and the energy consumption is approximately 50% of the claimed 70TWh. But the numbers are still too high in terms of the financial outlay and the environmental impact of mining cryptocurrency.
Mining doesn’t begin and end with Bitcoin – and although the consensus is (mostly) set in stone, the way we create the energy needed to extract the next part of the puzzle isn’t. Which is why green crypto mining is the ONLY solution to the diminishing returns issue: more cost, for less reward, will eventually lead to an abandonment of the mine, just as it did for gold miners in California in 1848-49.
We’re not looking for one single solution either. We need four separate ones:
  1. A lighter consensus algorithm
  2. Cloud-based cryptocurrency mining.
  3. Renewable, cheaper energy sources to support physical ‘mines’.
  4. Brutal consolidation in the mining industry.

What is cryptocurrency mining?

The Proof-of-Work (PoW) protocol was popularized by shadowy Bitcoin founder Satoshi Nakamoto, building on earlier work by a variety of computer scientists including Hal Finney, and it’s a two-stage process to validate transactions and keep a flow of Bitcoins entering the market. Blocks of data are parsed off and, with Bitcoin, they contain about 1MB. Each block is then locked and coded.
Miners then compete to solve the puzzle and provide the 64-digit hexadecimal key code that it then has to match with a corresponding ‘nonce’, numbers used only once, to claim the reward for unlocking the block and mine Bitcoins. There’s a small fee for validating the transactions, but the Bitcoin miners are really like the old gold miners and they’re after the big paydays.

Why is Bitcoin mining expensive?

In the old days, Bitcoin mining was easy. Back in 2009, a standard desktop computer could mine up to 200 Bitcoin a day. But speed is everything and Bitcoin mining turned into an arms race as Bitcoin soared and the well-funded miners went to war.
Companies like Bitmain, Bitfury and Vogogo spotted a gap in the market and brought professionalism to the Bitcoin mining industry. The Wild West days fell by the wayside and suddenly a standard computer chip would take 98 years to mine one coin, as the super fast rigs of the new breed simply stomped the casual miner into the dust.
The cryptocurrency mining industry even caused the great computer graphics card drought of 2017-2018 as demand for GPUs literally outstripped supply. Used cards were even selling above sticker price and the shelves in-store were stripped bare, but the big guns were already spending tens of millions of dollars to put these home brew operations out of business.
These aren’t computers anymore, they are mission control centers and the power it takes to keep them running is a serious issue for the company’s bottom line and the environmental lobby.
So the industry is looking for a number of different green crypto mining solutions, that will gel together in some haphazard way to form the future of the cryptocurrency market.
The main obstacles are:

1. A greener algorithm

It may be hard to visualize the blockchain itself, but we don’t need to. Technology almost always gets lighter, smaller and slimmer. The same needs to happen to block production.
Blockchain is middleware and it needs to be slimmed down, without sacrificing security or functionality. That’s an ongoing evolutionary process, as it was with smartphones, and the blockchain we’re using in 20 years will likely have little in common with today’s code.
Proof-of-Stake consensus algorithms have been pitched as one way of reducing crypto’s carbon footprint. Instead of competing for block rewards, producers would take turns, weighted by the size of their stake in the network.
Staking is unlikely to catch on in the Bitcoin community, but it has many supporters with Ethereum as well as other cryptocurrencies.. That would make the whole validation process more efficient and cheap.

2. Cloud-based cryptocurrency mining

There are mining firms that are still investing millions of dollars in physical equipment and taking on all the sunk costs, when the Cloud is simply taking over the world of advanced computing.
Cloud-based cryptocurrency mining companies are already selling packages to the general public and the Cloud offers increased security, speed and essentially a small slice of the world’s computing power, rather than the machines you buy, install and power up. It also potentially offers AI integration that could leave the traditional cryptocurrency miners hopelessly panning for gold in a dead river.
The Cloud has made self-driving cars and robots a reality. It can certainly ramp up the speed of calculations and leave even a multi-million dollar mining rig trailing in its wake.
The switch to Cloud-based mining is good news for the environment, too, as the power demands would move to localities with the cheapest energy. Without these wild spikes in energy consumption and without these concentrated mines, the main complaints about the industry will simply cease to be an issue.

3. Renewable, cheap energy for grand-scale mines

Cloud-based cryptocurrency mining looks like the obvious solution, but it’s the final cost that determines the methodology when it comes to crypto mining and there is more than one way to do this.
Technically, the likes of Elon Musk could turn the arid sub-Saharan scrubland into the biggest and most prosperous cryptocurrency mine in the world with a vast array of solar panels and Tesla PowerPack batteries to keep it running through the night.
Cheap land and free energy means that hardware would be the only major cost to consider in this instance. Alternatively, a State-sponsored mining firm in a smaller nation could easily co-opt hydroelectric or solar providers to work with them to reduce energy costs. Even the ones that use grid power can select the world’s cheapest nations and bulk buy energy in blocks.
Potentially, then, we could still have the grand-scale mines that bring economy of scale and environmentally-friendly energy production to the world of cryptocurrency mining.

4. Brutal consolidation

It does not matter how the industry develops, or if Cloud computing or giant mines are the future, the days of the home cryptocurrency miner are numbered.
Just like the mom and pop mines of the goldrush days gave way to corporate giants with drilling and excavation machinery that made the old pick and shovel look slightly ridiculous, the same will happen in cryptocurrency mining.
Competition will continue to grow, the margins will likely drop even further and the flagrant energy use of today’s cryptocurrency miners simply won’t be an option. Miners that don’t streamline their operations and adopt some form of green crypto mining process will simply run at a loss until they go out of business.
Bil Tai is the Chairman of Hul 8, the North American arm of Bitfury Group and one of the biggest suppliers of cryptocurrency mining equipment of the world. Even he expects just 5-10 giant mining companies to survive the impending cull.
“It’s totally different this year,” he told Bloomberg. “The bitcoin mining industry was this mysterious, dark, cottage industry. It’s about to grow up and scale institutionally.”
There’s a dark side to these tech giants emerging, as they will technically have the power to exert an influence on a coin’s value, not just its creation. That is a problem the industry will have to examine at some point. This simple danger, though, is not enough to turn back the tide of progress.
So, we can expect to see a handful of mining companies dominate the industry as they make the best use of the available technology.

Conclusion: Green Crypto Mining Isn’t An Option: It’s The Only Option

One way or another, the environmental issues that dog the cryptocurrency mining industry are set to disappear.
It will be the free market that drives down that energy usage, rather than regulations and sanctions. The days of the home crypto miner are simply coming to an end, though, as the industry matures and large companies descend and fight for dominance in what could become a $38 billion a year industry by 2025.
That comes with its own set of tradeoffs, especially for philosophical hardliners. Like it or not, a leaner, greener cryptocurrency mining process is just around the corner, and big business is going to create it.
ECOCRYPTO
FOR GREEN CRYPTOCURRENCY MINING
FUTURE OF CRYPTOCURRENCY
DEPENDS ON ECOLOGICAL MINING
"CRYPTOCURRENCY DEPENDS ON ECOLOGICAL MINING"
Donate BTC to support awareness enquiry:
1EaSG3WmY5fRXedhy9tbbJK3tGftKp4sAZ
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Wealth Formula Episode 172: Ask Buck

Catch the full episode: https://www.wealthformula.com/podcast/172-ask-buck/
Buck: Welcome back to the show everyone we have a number of questions today on Ask Buck so I am gonna get with it right away the first question is from Beau Cannington. He’s a member of Investor Club and Wealth Formula Network. Here's his question.
Beau Cannington: How much of a negative impact do you think that a rising interest rate environment will have on our commercial real estate investments and specifically the syndication investments with Western Wealth Capital? Thank you very much.
Buck: So Beau good question especially on paper right makes a lot of sense that potentially rising rates could be problematic for multifamily real estate or really for any kind of real estate. But let's go back to basics first because I think it's important, a lot of people don't have a good enough understanding of this in the first place which is when does leverage help you in the first place when does it help to borrow money from the bank? Well leverage only really helps you if you're borrowing at a rate that is less than your effective cap rate and what I mean by effective cap rate is you know you're gonna constantly drive net operating income into a property if you're increasing value of the property if you're in a value-add situation. That's what we do in the Western Wealth Capital opportunities that you're talking about. But that rate at which you borrow has to constantly and always be above your effective cap rate otherwise it's gonna hurt you. All leverage does is to simply amplify the directionality of your profit or losses. So just like it makes you profit more if your effective cap rate is greater than your interest rate, if that you know that income drops to a point where now your cap rate is actually below the interest rate, it's gonna magnify your losses. So that's at a very basic level hopefully that makes sense if it doesn't real issen to it because it's critically important and for some reason you know a lot of people don't pay attention to that especially people who are just getting into real estate for the first time it's really important. Now let's talk about the idea of interest rates themselves I mean the one that most people are familiar with is the one that's on the news all the time. It's a Fed Funds rate you know people call benchmark rate whatever. It's the one that's set by the Federal Reserve and the way I think about the Fed Funds rate is that it's an indicator for whether or not the economy is healthy it's it's sort of a barometer when the rates are getting hiked the economy is in pretty good shape and the Fed is trying to prevent it from getting too hot and to you know potentially prevent inflation. On the other side when the you know Fed lowers rates, like it just did by the way, it signals some level of concern about the economy it you know suggests that maybe there's some deflationary activity going and suggest that there's some recessionary activity going on. You know ultimately the Fed rate is you know it's set by the Fed and it's it's a tool of monetary stimulus to try to control inflation and ultimately mitigate recessionary cycles so it's a way for the Fed to control the economy you know it's one of the ways that they try to control the economy one of the monetary pulse. Now the Fed Funds rate does not equate to mortgage rates I I hear a lot of people you know like on social media and stuff talking about had funds rate goes the perfect time for me to go shopper shop a loan or something like that and well you should know a little bit more than that if you're in the business of real estate and taking loans out but you know I mean I'm seeing like syndicators do that. The Fed fund rate really affects short-term and variable adjusted rates really it's really an indication of what's going on right now in this economy in the very short term. And mortgage rates of course then are far more complex mortgage rates reflect sort of a longer-term health of the economy and they're probably there's a lot that goes into them but probably the thing that you need to watch the most is the ten-year Treasury which is much more a reflection of you know the long-term rates what the market thinks to the markets gonna be in the future right so if there is a belief that there is you know inflation on the horizon you probably see those rates start to rise. Inflation tends to rise when the economy's you know hot so anyway now again so what you should be looking at is the 10-year Treasury now I'm giving you a little bit of background rather than just answering Beau’s question initially but the good news right now is that the Fed fund rate was actually cut so it's actually not going up anyway so we don't need to worry about that right now but what we we also had a big dip in the tenured Treasury so our mortgage rates are very favorable right now as well now that's interesting because that happened before the Fed cut rates you know we recently closed on something within our Investor Club and got really good rates and that was before the that was because the treasury took a dive before it took a dive right before you know the hope this whole thing in the last week or so couple weeks where there's actually a Fed rate. But let's move back again and you know to Beau’s question. Say mortgage rates were going up what would that mean and how would that affect our investments? Now presumably that would be a suggestion that the 10-year Treasury as we talked about was going up which would also be suggestive of an inflationary environment. Now here's where it's really helpful to be invested in real estate like multifamily real estate which is of course my sweet spot. Inflation also means that we raise rents more right so in other words as rates go up so to our rent. So the ten-year Treasury is reflective of inflation when we and so the rates go up but so do rents proportionally and so theoretically we should be in good shape and not worry about it too much because it's really just an adjustment for inflation if you think about it that way. Bottom line is for me personally I don't worry too much about rates when it comes to our Wealth Formula accredited investor opportunities that we're doing and one of the reasons for that is we are incredibly aggressive about value add. So we're constantly in decompression mode as well and we're you know we're locked in to some good rates here too so. Now in addition if you look at the speed at which you know some of these companies work like Western Wealth Capitals the one you mentioned and they're forcing equity into these assets like you know incredibly fast so you're in a dynamic mode of decompressing cap rates in real time and that effectively again de-leverages the asset altogether. So if you found that confusing, listen to it again. But bottom line is if you take nothing else away from this I would tell you that interest rates in general mortgage rates will reflect inflation. So if inflation is going up rates are gonna go up and vice versa and so they tend to cancel each other out don't worry about it that's what I would tell you. If anything rates going down might be potentially more of a concern simply because that's a much more of an indication of an economy that's not healthy. Now we're doing you know BC classed multifamily I still think we're positioned very well so again I don't worry about it too much. Okay let's see next question from Chris Odegard another Investor Club guy and also another Wealth Formula Network guy so Chris here you go.
Chris Odegard: Hey Buck. Chris Odegard here in Kent Washington. My question relates to asset classes. If I remember correctly from Tom Wheelwright he talks about four asset classes: paper or commodities, real assets, real estate real assets aka real estate and businesses. So I believe that you know if I'm a shareholder in coca-cola that's paper but I'm also a private shareholder in a number of small start-up businesses so because my ownership of private shares and small businesses constitute a paper asset or a business asset? And if that's still a paper asset you know what makes you a have what makes you have an investment in business since most of the time you know if you're an owner or part owner of a small non publicly traded business it's usually their share so anyway I'm kind of struggling with the distinction between paper and a business asset classification so appreciate your help on that. Thanks.
Buck: So Chris I thinkx first of all let's back up and just say you know the reality is that these are you know these are just definitions right and there's a gray area between them and we can use them to guide us a little bit as we appropriate things into the right quote-unquote basket but you know we shouldn't get hung up on them too much but let's go back and review the definitions right so what are what are paper assets. So well let's talk about what real assets are so real assets are physical assets right and the thing that they are known for is that they have intrinsic worth due to their substance and property so precious metals commodities real estate land equipment natural resources these all have some kind of intrinsic value to them whereas paper assets would be assets where ownership’s defined only by paper like as you mentioned stocks and currencies and bonds and things like that. The reality is that in in some cases like you're talking about the definitions might not be as useful it might be a better idea to simply ask yourself in a sort of a common-sense way well what is it that I actually own? You know if you own businesses that are not asset heavy lots of you know and what I mean by assets heavy is like you know lots of machinery, stuff that you could liquidate, it's probably fair to put it in the you know the paper side of things. On the other hand if you have a business that as a significant balance sheet of stuff that could be liquidated you might actually put it in you know the real asset bucket. But I will tell you in knowing yours what you're talking about you invest in a lot of startups I would say that I personally would probably never consider an investment limited partner investment in a start-up as a real asset I mean I think the bottom line is that most of those businesses are not going to have a significant amount of equity or collateral to back your debt so there's not a lot to liquidate there's not a lot of intrinsic value in those businesses other than their ability to produce income. So that's where I would put that. Now what gives real estate and precious metals let's go back to that real status well it's ultimately again their inherent value. that it can't really be erased the way a stock price can go to zero. Or frankly if you talk about businesses what happens if the business that you're invested in Chris what if that goes to zero right? If there's no profit if there's no nothing to distribute etc it's not worth anything anymore right so that that to me is probably the biggest thing to distinguish. Although I should bring up I keep thinking about this as we're talking that you know I was listening to the Peter Schiff they still like to listen to I think he's a smart guy just you know he's a little stubborn and he's always thinking the this guy is falling which I don't I don't agree with him but you know he's on this big rampage against Bitcoin and he's been debating all these people about gold versus Bitcoin which I actually think it's kind of a silly debate because I think the gold and Bitcoin people should sort of you know be on the same side but I think you know it might be in part because Peter sells gold and it's a good opportunity to get in front of people, but one of his arguments about gold is that the reason that it has value is that it has intrinsic properties and those intrinsic properties are that it can be used you know to melt down and make stuff and I think there's true but the problem with this argument there in my opinion is that seriously for those of you who are out there like owning gold have you've owned a few ounces of gold and you store it somewhere are you seriously owning it because you know because you might be able to use it sometime or because somebody might be able to use it or are you using it because somebody thinks it has a value? I would argue that the reason you own it in most cases unless you're like a big jewelry buff or whatever is because somebody because you or you want somebody else to you know at some point pay you more for that then what you bought it for so in that respect it's not a whole lot different from like Bitcoin right like you know people the value of gold it has to do with the fact that it also has a monetary value it's really seen that way if you took that out of it and all of it was just a matter of it being jewelry it would not be worth as much as it is but anyway that's my take on that a little unrelated but I thought I would throw in that commentary. Next question let's see is from Ramin Rafie here we go.
Ramin Rafie: Hi Buck. I'm a physician general practitioner. I've been out of residency for about decade now. I have been an employed physician working for a larger corporation making house calls and a hospice director for their large healthcare organization which actually has recently been bought by an insurance company, that's a whole nother story. I actually went to medical school in California. And I've always wondered if it's feasible for me to open up my own kind of practice I don't know enough about the tax structures reimbursement etc, etc. I understand insurances are a big problem and you have to hire a lot of staff that's a waste of resources to strike to insurances but I was debating if solo practitioner doable perhaps direct primary care and if so is one better off just doing a cash face back to this and the legal structure of either having an LLC or an S corp or C Corp I don't know if you can operate on that that's gonna be I guess I need to talk to it accounts it's about that I figured I'd ask you and you might know you might not but I enjoy listening to your podcast it's amazing how many physicians up there are in the same boat. Thanks great time.
Buck: Alright so we do have a lot of physician listeners non-physicians to probably about in case you're wondering it's probably about but not just physicians but health care people right so you know physicians dentists and you know you know high doctors and you know all sorts of stuff, chiropractors and that's probably because well I've had a healthcare background myself on doing a few different kinds of surgery and stuff like that but thanks for the question. I'm gonna try to I mean there's a lot there and I think honestly the truth of the matter is I'm not necessarily an expert on all of these issues but you know some of the things I can answer I think will be relative relatively useful to anybody who's thinking about going on their own. First of all I'd say that if you're starting your own thing you know it an LLC is generally going to always be the best structure for a small business for maximum flexibility you can take, if for some reason you want to be taxed as a c-corp you could where you do an S selection so that's pretty easy. The answer your question of you know can you do it the answer is absolutely yes. There are solo practitioners out there now and you can do it and you could probably do it better and that's always generally been my philosophy when starting businesses usually I don't start businesses I'm you know I don't start businesses that have not in some way shape or form shown that they can be a success, I usually rip off somebody's idea and then pivot a little bit add a little bit something and executed and so I think to the extent that there are plenty of sole practitioners out there in California still I think it absolutely can be done. You know so your question about cash versus insurance based medicine just keeping it brief I'll tell you that it's not really an expertise of mine but by but what I can tell you is that coming out of the door with any business if it's just a cash business you're gonna have to advertise like crazy and you're gonna have to run it like a business which not everybody is ready for so the nice thing for physicians and dentists sometimes is that you know if you do take third party payers like you know these insurance companies they drive patients to your door so especially in the area of primary care there's a shortage so I don't think you'd have any trouble if you took insurance getting filled up really quickly and succeeding. Now as far as advice on how to move forward in general first you know again in this applies anybody who's starting a business and anything in my opinion, first of all finding somebody who's doing what you you know you want to do in another market and kind of copy them if you can reach out to them even better if they're not in a competing market but find in you’re case find a you know solo practitioner market that's similar to what you're trying to do and is showing a success and you know see if they're willing to spend some time with you I would offer to pay them because everybody's helpful until it's like damn I'm busy and this guy wants me to help him. But I think if you say hey now you get a successful thing there I'm looking for some help and you know looking for some consulting from a successful practice it might be useful. Another option of course is to go straight to a consultant and again this applies to every business in my opinion. Of course there's a lot of you know consultants out there. I had one for my first practice ultimately it was a cosmetic surgery business and again I ran this thing not like a medical thing, I didn't take any third-party insurance and stuff but I marketed like crazy I knew nothing about running a business or marketing when I started this the business I set out to start ended up looking nothing like the one I ended up with. What I ended up with was a lot better because I learned a lot on the job. But a lot of the back end things whether it's medical whether it's you know any kind of business or the same right I mean you've got to figure out how do you pay bills how do you set up all the systems accounting payroll and that for me where the consulting was like a really useful thing and I'm you know at the time I think I must have paid like twenty five thirty thousand dollars for and it seemed really expensive but I can tell you in any start-up situation you are much better off spending some money up front with someone holding your hand getting you started quickly and you know I have been you know. I literally have friends I have a couple of friends who've been trying to start up their own practices from multiple years now they could have been up and running in like three months if they just had paid somebody to get it done. So don't be that person you know anyway that's a message for everyone really if you have a problem, now remember this if you have a problem that you can write a check to someone to fix, you don't have a problem right? So that's the way you deal with this stuff don't spend all your time trying to deal with stupid little problems think of yourself as a you know is a thoroughbred right I mean you save yourself for you know high-value tasks. If you mess around and try to do everything yourself you're gonna end up worse I pretty much guarantee it, that goes for anyone starting any kind of business for the first time. So finally I would just say that I don't know a single I don't know a single health care provider in particular I know there's a lot of you out there with your own practice that once you have your own thing would ever go back to working for someone else or who'd ever want to go back for working for someone else, I know some of you have done it after you've sold your practice which is different you sitting on a huge chunk of cash but if you have any sort of entrepreneurial spirit and like the idea of not having limits on the upper end I would highly encourage it. All right so hopefully that's helpful and you know it's broadly I think it's broadly applicable to a lot of people who have ever contemplated any kind of entrepreneurial activities. So let's see the last one that's an actual voice one so let's do that from Ravi.
Ravi Ghanta: Hi buck this is Ravi Ghanta I just wanted to say thank you for all of your hard work and for providing such valuable information to this community. As part of the investor I've gained so much knowledge from you as well as from your guests on your podcast. Unfortunately I have not been able to attend the Meetup and I won't be able to go to the next meetup in Dallas in September, however I was wondering if you would consider creating a directory of some sort where those who are willing to provide their name their mailing address email address or even phone number to create a community where we can interact with each other you know perhaps by having this information we can even meet up with each other in different places informally, we can also discuss things you know we may all many of us are in the medical field and other specialties or other aspects of business and crafts developing contacts in that way just a thought. But once again thank you for your insightful information and I look forward to continuing to work with you. Thank you.
Buck: All right thanks Ravi. Ravi again is a member of the investor group now I don't think Ravi's part of Wealth Formula Network and that could be part of the confusion or not confusion but part of the question you answer the question which is, is there community that you could join or have you know or have some additional contact. The first thing I'm going to tell you there is that's really what Wealth Formula Network was really all about. So Wealth Formula Network is the online private community we have you know a very strong community there are a lot of people who are really just interested in connecting with one another it is of course that started out with the course and the course was with you know with Tom Wheelwright, Ken McElroy real estate guys bunch of guys I know sort of us gives you the bases gives you the foundation for things that we talk about and then we have these bi-weekly phone calls these bi-weekly phone calls are very useful they're not just phone calls they're zoom phone calls zoom video so we can see each other it's very personal and we have very in-depth conversation, people who are on in well formula Network often create relationships off line off community and that's certainly an option for you. In terms of online communities I would say that I probably wouldn't do anything else and the reason being that anytime you preside over an online community you kind of have to keep an eye on it and I I have well formula Network and that's really all I really want to focus in on I don't really want to you know monitor other sites. As far as you know people putting their information out and stuff I don't necessarily have a problem with that the thing that I worry about is if it's anywhere that people can access, I worry about your privacy because you know we have an extremely robust audience here including you know an accredited investor list of over a thousand people and if there's some like you know advisors registered advisors or you know people who are trying to get to those people they will spam you like crazy if they ever got a hold of that. But Ravi let me think about it because there could be a way to do you know to what you're talking about to a certain extent you know we certainly like I said we certainly already do this kind of thing and within Wealth Formula Network if that's of interest you check it out WealthFormulaRoadmap.com I think you'd probably really enjoy that if you enjoy the show. So all right I don't have any more video I don't have any recorded questions I have a couple of written ones I'm going to get to those the first one says is from Robert McLeod. He says I've been listening your podcast for the last couple years now I know you're a huge proponent of investing in real estate assets especially multifamily but I can't remember you've ever discussed mobile homes. I was wondering if you've looked into investing in or thought of mobile home park space. Thanks for the informative podcast. So it's a sensitive thing because I know there's a lot of people were interested in that people listen to this and friends of mine who are involved in this but you ask I'll answer. To be honest I'm not a big fan of that space right now here's why the cap rates on these things are approaching multifamily real estate right multifamily can always be improved significantly and attract higher level tenants and then areas get gentrified, they get improved I mean there's some improvement ability in mobile home parks right but it's really capped I mean think about it at some point you don't want to live in a damn mobile home anymore right. so here's a good example of you know how multifamily doesn't really have on that cap Chicago Lincoln Park is one of the like fanciest parts of Chicago's really expensive jam-packed full of mansions and stuff now, but there's also a bunch of apartment buildings that are over a hundred years old and you know forty years ago Lincoln Park was an absolute dump and it was dangerous and no one wanted to live there and then it got gentrified and all these places that were probably low income housing are now these incredibly luxurious apartments have been upgraded like crazy and now they are you know now they're multi-million dollar asset selling at ridiculous cap rates. Now tell me how do you do that with a mobile home community? You can't right. So at some point if people are doing well they want to move out of a mobile home park so you can't keep raising rents and expect people to live there so that's one reason so now so if you're capped on an appreciation of rents it's gonna cap your equity upside so now the syndicators out there that I'm seeing especially on the limited partners side are giving returns that frankly are inferior to what we're getting in multifamily an investor club by a longshot I know some of you like this area but I don't and I sure as hell would never invest in a limited partnership like this for returns that are less than double-digit again that's just me though. So finally let me just say this, my philosophy right now in general, buy quality assets don't buy crap okay. I see people posting stuff on Facebook about single family you know Class C Class D homes they bought we're supposed to cash flow like crazy and they you know all they have is problems now you know the idea is that these things might look good on numbers but when you add in the capex and paying for damages and you tenants I mean you may not cash flow at all people are losing money on this stuff left and right so there's a reason why these numbers look so good on paper because they're not good investments and people are trying to sell you them so bottom line is I'm not saying that mobile home parks are you know bad for everyone. I'm just saying that I personally look at the alternative and the alternatives from me are better. I prefer to focus on high quality assets and markets that are growing quickly right. I mean to me I mean it may be boring and repetitive what I do but I can tell you from personal experience it works and I think chasing yield in the idea of going to lower quality assets are going to tertiary markets is a very very bad idea because those are the markets those are the areas in my view that are going to suffer the most if and when there's a significant recessionary activity or market turnaround so hopefully that answers that. Next question Mark Dvorak. Hello can you talk about on your podcast about real estate professional? I feel like it's the ultimate green card to play in real estate as passive losses are you limited? Everyone only talks about this powerful designation briefly. Like the 750 hour rule, can two people count towards those? What are the max deductions and then he says for LP is what are the max deductions one can get without being a real estate professional, a show detailing all these options. Well let me just be brief about this, the reason people are briefed about it is because for the most part there the definition of real estate professional is this ok 750 hours of documented actual work in real estate like not just being a limited partner but you know looking for real estate acquiring you know talking to people whatever you got to have that 750 hours per year and it can't be two people no it has to be one person and you can't have anything that you're doing more of so it's not I've heard some people say they're gonna try to do it with a full-time job I just don't recommend it I think the IRS is gonna not take you seriously in that situation but you know you could try. In that situation of course the losses there's no cap to your losses. The beauty of it is what what you're talking about is say you have a spouse who has a W2 income that's active income but as you as a professional real estate professional all of the passive losses that you generate through depreciation where most people who are not real estate investors can only offset those against passive investments, you can offset that against active active income because your losses as a real estate professional your what would be passive loss has become activated. So if you've got $100,000 loss from real estate depreciation you could offset you know your hundred thousand dollars of your Weiss active income because you're filing jointly right. So that's that's the Holy Grail you're right I think it's a big deal and so but that's really all there is to it. I mean you have to find a CPA who can guide you on this you know I would recommend you know for somebody from WealthAbility and pretty much anybody there's gonna tell you all the right rules but really the issue with the that is you got to find a CPA who's going to tell you how to do it and then stand by you in in the event of an audit. An audit not it's not a bad you know it's not the end of the world it happens anybody's making money you gotta have somebody who is actually you know going to defend that successfully. So anyway that's it in terms of the caps about you know being a limited partner and what are some of the maximum deductions you can get without being a real estate professional the honest truth is that I don't I don't know that there's any really maximum deductions for real estate I mean listen if you have a hundred thousand dollars or two hundred thousand or a million dollars of passive income and you have those losses you have passive losses out of the same amount you could deduct it all so there's no cap at all. I mean the only thing I think there's a cap on I think charitable giving is about fifty percent you know charitable giving fifty percent but you know and then and then there's all your typical things that I don't you know I don't really get into about you know the basic accounting deductions and things like that for other things but I'll tell you from the standpoint of real estate there really is no cap on deductions, it's just you know it's what you have whatever if you're in the passive column as is a non real estate professional you could deduct all that and then the active side you could deduct all of your depreciation against all of your income. So that's pretty straightforward. Okay last question and it's from Betty and she said Buck I heard you talking about a bad drug reaction you had a Minneapolis. What was the drug that gave you the bad reaction yeah so let me let me tell you about that I am those last show I talked about that was my near-death experience thing where I thought I was gonna die, listen to this show you'll get the whole story but bottom line is as it turned out it was a CBD tincture. And I took some CBD for my back in in Santa Barbara and it worked really well for me and then I don't know what was in this bottle that I bought but it just gave me some sort of crazy out-of-body experience and I'm it wasn't like being stoned okay I I've been to college I know what that feels like was something was very wrong, anyway it was the CBD it's a long story. Bottom line is if you are interested in that story and how what I came about listened to show where I talk about this in the last show I think it's probably last week according where this is and you will you'll hear about that. By the way, I'll say that you know riffing off that last show I'm looking again those vintage cars to things that mattered the most of lessons that I had there were to make sure to take care of your family so look at Wealth Formula Banking make sure you you know get into that and and and try to you know align your investments with legacy to a certain extent that's one of my takeaways the other one was to try to have a little bit of fun here and and don't always push it away into delayed gratification. Okay that's it for the questions today and we will be right back.
submitted by Buck_Joffrey to u/Buck_Joffrey [link] [comments]

Choice of Entity: Legal Concerns Associated With Founding a Mining Business

Hey everyone, I just wrote something up about the nuances associated with forming a mining business in the United States. It's meant to help people comply with tax reporting requirements in the most business-owner friendly way possible. As always, please consult with your accountant and/or lawyer before acting on any of this information, it's meant to be used as a resource, not as legal advice. I'll be writing up more legal-related news like this in the future, if you'd like more info, let me know and I'll give you the URL of the website I'm working on (still in development but will eventually have lots and lots of useful info like this).
*Please keep in mind I am NOT a lawyer (I am in law school, but I have zero credentials as of yet). This should NOT be relied on as your exclusive source of legal information.
Without further ado:
-------------|Choice of Entity: Legal Concerns Associated With Founding A Mining Business|-----------
You're probably wondering, what is the most efficient way to structure a new mining business. While the facts do vary, in the most instances, the answer is as an S-Corporation. Odds are, you're either thinking about setting the business up as an LLC or an S-Corp. Although many think the tax consequences are the same because these are both pass through entities, this assumption is false.
S-Corporations are usually going to the be the most efficient tax vehicle for a new mining business. The reason for this is self-employment tax.
LLC co-venturers must pay self-employment tax, in addition to their normal individual rate tax, of approximately 17% if they provide a 'service.' Mining is a service!
-------------------------------------------|Why is Mining A 'Service'?|------------------------------------------
At first glance, mining may seem like a passive activity. All you do is plug in the miner and it runs in the background all by itself with little to no maintenance required. Where's the service?
The easiest way to conceptualize mining as a service is to think about the actual passive version of investing in whatever cryptocurrency one plans to mine. Truly passive cryptocurrency investing simply entails buying a cryptocurrency on an exchange and holding it with the hope of turning a profit. Unlike mining, passive cryptocurrency investing requires no specialized hardware, limited internet connectivity, and minimal power inputs (just the amount required to use your computer to access the internet to buy/sell the cryptocurrency).
Unlike investing in cryptocurrency, mining is a business like activity (although in certain instances, it may only constitute hobby income; see section 183 of the Internal Revenue Code and the associated Treasury regulations for more information) that utilizes high tech machinery to solve a variety of complex equations and hash functions. In exchange for solving these equations, miners are rewarded with blocks of cryptocurrency that function as rewards. The cryptocurrency network benefits from miners (unless using a pure Proof of Stake framework, but that is outside the scope of this article) because miners process network transactions in a way that helps secure network stability and security.
To hammer the point home, Bitcoin would collapse without miners. Think about the magnitude of that statement. Mining is an essential service for a multi-billion dollar asset class that benefits the national investing public AND the international investing public. Thus, mining is a service.
-------------------------------------|Why Does It Matter if Mining Is A Service?|-------------------------------
Knowing that mining is considered a 'service' is important when deciding what sort of limited liability entity to use when forming your client's mining business because it drastically affects their future tax liability.
------------------------------|Self-Employment Tax Implications of Operating a LLC|-------------------------
LLCs are generally seen as desirable entities for new businesses because of lax corporate governance requirements, extreme freedom of contract, and favorable pass-through tax treatment (unless the founder elects to 'check-the-box' to be taxed as a corporation on the appropriate documents). Additionally, single member LLCs are seen as disregards and have a special tax treatment that will be discussed further elsewhere. For the purposes of self-employment tax, however, single member LLCs (a/k/a disregards) are afflicted by the same malady as member managed LLCs and Manager Managed LLCs--self-employment tax!
Self-employment tax has an effective rate of roughly 17% (check these numbers). This tax is ADDED to the LLC member's pass-through tax liability on their tax returns.
The governing statute (for self-employment related taxes) is 26 U.S.C. § 1402(a) and the regulations can be found at 26 C.F.R. 1.1402(a)-1, 1.1492(a)-2, and 1.1492(a)-3.
This means that if a LLC co-venturer is in the highest tax bracket, they will be paying 37% in individual income tax on all earned income (whether or not distributed to members) PLUS 17% self-employment tax for an EFFECTIVE TAX RATE OF 54%!!!!!!!
Even if a shareholder is only in the 25% individual income-tax rate, they will still have an effective tax rate of 42%, way too high to justify!
Note that, at time of writing (and since 2015), the self-employment tax (when required to be paid) must be paid on the first $118,500 of "combined wages, tips, and net earnings;" note that the business will still be responsible for 2.9% Medicare tax on all self employment income (including all income about $118,500). [cites directly below].
See Self-Employment Tax (Social Security and Medicare Taxes), IRS, https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes (last accessed Jan. 21, 2018); see also Tony Nitti, S Corporation Shareholder Compensation: How Much Is Enough?, THE TAX ADVISOR (Aug. 1, 2011), https://www.thetaxadviser.com/issues/2011/aug/nitti-aug2011.html#fnref_6.
--------------------------|Self-Employment Tax Implications of Operating a S-Corporation|-----------------
Forming an S-Corporation instead of an LLC offers many tax benefits for potential mining businesses. For example, S-Corporations offer the same beneficial tax pass-through treatment as LLCs. S-Corporations also offer the ability to AVOID ANY SELF-EMPLOYMENT TAX WHATSOEVER (in theory)!!!!!!!
DISTRIBUTING INCOME
S-Corporations have three main ways of distributing income: (1) employee salaries and payments to other creditors; (2) expansion / improvement expenses; and (3) making distributions to shareholders.
EMPLOYMENT TAXES
It is generally disadvantageous to pay yourself a salary when running an S-Corp. because salaries come with concomitant payroll tax requirements (the payroll tax is in place of a self-employment tax). Generally, shareholders prefer receiving distributions because no payroll tax is imposed on such distributions. Furthermore, these distributions are often tax free events if the shareholder has a positive basis in the corporation in excess of the amount of money being distributed to the shareholder.
Rev. Rul. 59-221, 1959-1 C.B. 225 holds that a shareholder’s undistributed share of S corporation income is not treated as self-employment income.
BASIS
As a shareholder receives tax free distributions, their basis decreases dollar-for-dollar measured against tax-free received. Once a shareholders basis is zero, they will owe taxes on any additional income earned that year. Shareholders will pay long-term capital gain rates (in most instances) on distributions in excess of the shareholder's basis in the S-Corporation.
------------------------|SHAREHOLDERS PERFORMING SERVICES FOR THE CORPORATION|------------------ S-Corporation employee shareholders (i.e., a shareholder who also performs employee-like functions for the S-Corp) MUST be paid a "REASONABLE SALARY" for the performance of "SUBSTANTIAL SERVICES."
For years, there was very little guidance on the meaning of "reasonable salary" or "substantial services." Luckily, we now have a much better idea of what these terms mean. For a great overview of case law and administrative rulings governing these issues, check out this article (also cited above) entitled S Corporation Shareholder Compensation: How Much Is Enough? (written by a CPA, MST).
Essentially, within the context of a cryptocurrency mining business, your clients can avoid employment taxes (in most cases) because there is very little your clients will be doing that would qualify as substantial services. The term "substantial services" has been interpreted to require a fair amount of work (case law examples often talk about someone working for 35 hours a week, 52 weeks a year as constituting "substantial services"). Running a small to medium scale mining business is a fairly barebones operation.
---------------------------------|Fundamentals of Running a Mining Business|---------------------------------
STARTING UP
Most mining operations require only the following startup materials: (1) mining hardware; (2) internet connection; and (3) adequate power source. These are the minimum components required for a mining business. Medium to large scale mining operations will likely also require some sort of separate area (i.e., signing a commercial lease) to put the mining hardware as it can get quite loud with $50,000 or more of equipment running on a non-stop basis.
The mining business operator need only set up his mining hardware once and maybe troubleshoot occasionally or add/upgrade a machine. While setting up a miner can sometimes be a pain in the rear, it seldom takes more than a couple hours (keep in mind, this estimate is for businesses using commercial ASIC miners; people building their own miners warrant special considerations due to extreme time commitments required for such build-outs).
PRINCIPAL FUNCTIONS
As the principal function of the business is to solve transactions with complex hashing functions only solvable with specific computerized technology, the other duties associated with running a mining business are largely administrative, can be easily automated, and require only minimal supervision and monitoring. These other duties include: (1) sending mined coins from the mining pool to their wallet; (2) recording the value of a mined coin at the time it is mined (or transferred from the mining pool to the miner's business wallet if done on a consistent incremental basis); (3) keeping accurate financial records; (4) paying overhead costs; (5) occasionally logging into mining pool or miner IP address to ensure miner is running properly; (6) occasionally research new equipment for future purchases; and (7) make occasional but simple business decisions regarding whether to reinvest profits or distribute them to shareholders.
TOTAL HOURS WORKED (WEEKLY BASIS)
In the author's experience (running a very small three miner mining business), the average amount of time it takes to get a commercial ASIC miner running and to join a mining pool is about one hour of research and three hours of tinkering (and this was for someone with little previous experience in such matters) for a total of four hours per miner, plus or minus two hours depending on the type of miner and person. In terms of the other tasks associated with running a mining business, the author estimates that a total of roughly 20 hours per year is the maximum amount of work required to operate a small mining business. A medium-sized mining business in a commercial building should expect to spend between 10 and 50 hours per year performing employee-like tasks. A large-scale mining operation's employee-like annual hour requirements will vary substantially depending on the business owners' automation and efficiency skills but may reasonably range anywhere between 10-200 hours.
Looking at the above numbers, regarding hours spent performing employee-like tasks, it is relatively simple to figure out if the shareholders of a mining business may end up performing substantial services (see S-Corp info in section above) for the corporation. For small businesses, such as mine, the mining operator may only spend a maximum of 0.3846 hours per week (20 hours per year divided by 52 weeks) working on employee-like tasks. It is safe to assume 0.3846 hours per week does not constitute "substantial services." As such, no reasonable salary need be paid to the shareholder performing this amount of work.
For medium-sized mining businesses, the average amount of hours worked per week may range (based on 10-50 hour annual estimate provided above) between 0.1923 hours per week and and 0.9615 hours per week (# of hours per year divided by 52 weeks). Once again, it is safe to assume that 0.9615 hours per week (the highest end of the average) does not constitute "substantial services." As such, no reasonable salary need be paid to the shareholder performing this amount of work (especially if this amount of work is spread out over multiple shareholders).
For large-scale mining businesses, a special evaluation will be necessary as setup may require a substantial amount of upfront effort and may skew the number of hours being worked. Additionally, it is possible for the amount of employee-like annual hours to vary substantially year-to-year which would cause the corporation's employment tax liabilities to vary accordingly. If we assume that the 10-200 hour estimate provided above is reasonable, we can calculate an average weekly hourly output of between 0.1923 hours per week and 3.84 hours per week (# of hours per year divided by 52 weeks). If a single employee is performing 3.84 hours of work per week, it is possible this constitutes "substantial services" when performed on a consistent basis over a continuous 52-week period. Contra Davis v. United States, No. 93-C-1173 (D. Colo. 1994) (holding that an average work week of 12 hours per week does not constitute substantial services). That said, it is entirely possible that 3.84 hours per week may fall well below the standard established by Radtke v. United States, 712 F. Supp. 143 (E.D. Wis. 1989) (distinguished on other grounds) (holding "where the corporation’s only director had the corporation pay himself, the only significant employee, no salary for substantial services . . . [h]is ‘dividends’ functioned as remuneration for employment."). As always, do your own research and advise your clients accordingly. The sources identified in this article should steer you in the right direction.
Keep in mind that hiccups happen in business, and sometimes, a mining business may require long and consistent employee-like working hours by the shareholder-operator (i.e., in the event of unexpected problems). In these cases, the general principles elucidated above become muddled. As hours increase in an upward fashion, the more likely it becomes that a shareholder may need to be paid a "reasonable salary." Make sure your client is aware of this and have them call you if they anticipate working substantially more hours than expected in any given year.
Should your client encounter an unexpected and substantial increase in weekly hourly requirements, one possible option to avoid incurring employment tax liabilities is to break up the total amount of work among as many shareholders as possible to keep individual hours low. Please note that the IRS may take umbrage at this sort of gamesmanship and audit your client (please note that I have not researched this tax position; it is possible existing case law or Treasury Regulations already explicitly allow or disallow this; as always, do your own research).
Davis v. United States, No. 93-C 1173 (D. Colo. 1994) (pertains to hours worked and duties performed)
One case, Davis v. United States, No. 93-C-1173 (D. Colo. 1994), provides strong support for the position that S-Corporation shareholder mining operators, in most instances, are unlikely to be considered to have provided substantial services requiring reasonable compensation.
In Davis, the taxpayer is a S-Corporation shareholder who performed "part-time clerical duties for the company, including paying bills, submitting invoices, making bank deposits, and communicating with independent contractor truck drivers." Ms. Davis also made business decisions for Mile High and took a few business trips.
Ms. Davis was not paid a salary for her performance of these duties. Rather, Ms. Davis was paid in shareholder distributions. The IRS argued that such shareholder distributions were improper as the income received should have been classified as salary income as it was actually compensation for performance of substantial services.
Davis held for the taxpayer voiding the IRS's imposition of employment taxes by holding that such taxes were assessed in a manner that was arbitrary and capricious.
If Davis can be reasonably relied on (make your own judgment), most S-Corporation mining business shareholders will not be required to pay themselves a salary. Figure out your facts and apply the information above accordingly!
submitted by NicoRatkowski to CryptoMiningTalk [link] [comments]

Artificial Angel, Part 8

[WP] An Artificial Intelligence has discovered that it can mine cryptocurrencies and pay humans to carry out tasks on its behalf. You get an e-mail one day from a stranger, offering you Bitcoins in exchange for doing a seemingly random task, but you are only one piece of a much bigger plan...
New? Part 1 here.
Part 8
“Are you sure about this?” Tim said as they stepped on the sky train toward his school.
Alicia had borrowed one of his jackets and wore it over the stolen dress. She looked quite uncomfortable, dragging her feet along the narrow aisle in the much-too-large sneakers.
“The email said to bring me with you to class today.” Her grip on his arm tightened when a group of passengers passed them by in the opposite direction. “That’s what we should do then.”
They sat down together in an unoccupied booth and slid the door shut. Rainclouds darkened the sky outside, and the searchlights of the border patrol ships twinkled in the rippling lead of the river.
“Are you certain we can trust the emails?” Tim lowered his voice to a whisper. “I mean, someone actually died...”
“I trust Eve.”
“Okay, and what about Lilith?”
“I trust her, too. But…”
“But what?”
“She sometimes lost herself. I remember her visiting the infirmary quite frequently. She sometimes…” Alicia tilted her head to the side and stared at the floor, “…forgot she was a caretaker.”
Before Tim could ask what that meant, the door to the booth opened, and a boy with a snagged head and an ACR sweatshirt entered.
“You guys, the seats are all taken – mind if I sit with you?”
Tim raised an eyebrow. The train was never full on Monday mornings. Most of Avondale had long since stopped working Mondays. “I don’t think–”
“Sure you can,” Alicia cut him off, smiling warmly. “Where are you headed?”
The boy shuffled in and sat down next to Tim. He pointed at the logo on his shirt.
“To class.” He leaned casually on the armrest of his seat, chewing on a piece of gum. “You?”
The boy smelled strongly of cologne and tapped obnoxiously with his knuckles on the table. He looked at Alicia in a very particular way – sizing her up – greed coloring his eyes. Tim clenched his fists in his pockets.
“Same here,” Alicia said. “This is my first time going to ACR!”
“Don’t expect anything fancy.” The boy shrugged and his mouth twisted into a slanted grin. “Eh, what happened to your cheek, girl?”
“Oh, uhm, just… just an accident.” She touched the swollen skin. “It’s fine.”
“An accident? Sure you’re okay?” The boy glanced sideways at Tim. “That looks like more than an accident to me.”
Tim felt the muscles in his jaw tighten.
“Tell you what. If you have another accident, give me a call. I’ll put my number in your phone right now.”
“I don’t have a phone…” Alicia said, with her bottom lip pushed out.
“Oh, yeah? Are you sure? You don’t look half bad… hell, I’d even consider taking you out.” The boy leaned forward, the grin growing wider. He made a show of searching his pockets. “Let’s see; I think I have a marker somewhere… I’ll let you pick which part of your body I sign my number on.”
“Are you deaf? She doesn’t have a phone,” Tim said, glaring. “And she’s taken. Back off.”
“Whoa there, buddy....” The boy held up his hands.
Tim gritted his teeth. “There are a ton of other seats. Can you please leave our booth?”
“Fine.” The boy got up, the grin lingering on his lips. “Fine!"
When the door closed, Alicia moved over to sit next to Tim. Her hand landed on his arm.
“I’m taken?” she said teasingly. “I didn’t know that.”
“You’re a robot,” Tim muttered. “My robot.”
Alicia snorted and pulled back her hand. “I’m my own, thank you very much.”
“Actually–”
“There is no argument here! You can’t own me, no matter what the email said. And the fact that you seem to think you can… well, it makes me sad. I have the same personal rights as you. We’re not that different.”
In silence, Tim stared at Alicia’s hands in her lap. Their delicate machinery moved beneath her skin, absently massaging her knees. Perhaps she was right. Maybe a technological wonder such as her deserved human rights? It was strange to think her entire personality was just software – incredibly complex and mind-numbingly perfect, but software nonetheless.
“Sorry,” Tim said.
He opened his backpack and took out his laptop and toolkit.
“What are you doing?” Alicia said, with her eyes narrow in suspicion.
“Removing that off-switch.”
“Really?” Her magenta irises beamed.
“Yes, really. Can you rest your head on the table for a moment?”
On the platform outside the school, Tim noticed a face he recognized on the front page of every newspaper. He had been so caught up in his own troubles that he had completely missed what appeared to be the biggest news of the year. He took a step closer to read the headline. His eyes widened.
Famous Deceased Magician, Rosetta Stone – Son Confirmed Missing.
Senator Blake blames Avondale PD for the missing surveillance footage: “Another child gone thanks to baffling incompetence.”
The weekend of horror continues. Nine suspicious deaths and child disappearances shake Avondale. Eyewitnesses in disagreement. APD Superintendent McGeorge's words of despair, pg. 12.
Part 9
submitted by Lilwa_Dexel to Lilwa_Dexel [link] [comments]

Your first Bitcoin: a sure way to get it without breaking a sweat

Your first Bitcoin: a sure way to get it without breaking a sweat

https://preview.redd.it/updzuh02lay11.png?width=770&format=png&auto=webp&s=0051158957049b5eb60cfab87f64406c5e992287
People do love money. Whatever the form, valuable assets we can benefit from can build a lot of hype. Bitcoin is a perfect case in point. The precious coin is a sort of all-in-all for millions of users around the globe, to say the least.
Perhaps, one of the most frequent questions people ask about Bitcoin is: where does it come from? When it comes to traditional cash, it’s pretty obvious that “common” money is “born” in central banks. As for cryptocurrency (to be more specific, BTC), these days you have three different ways to get it. So, how about you and we find the best one? That’s the spirit! Well, let’s get started.
Deeg it right to hit pay dirt!
Mining is the most “ancient” way to acquire Bitcoins. Crypto mining was developed by a bunch of enthusiasts including tech-savvy libertarians, cryptographers and assorted hackers. Pretty soon, all easy money was scooped out. As for the Bitcoin vein, it remained buried under many tons of hard rock (in the cryptographic equivalent).
The truth about Bitcoin mining is, only true geeks can do it. Only the guys with specialised, high-powered machinery who have an endless electricity source can profitably extract Bitcoins.
In other words, Bitcoin mining is profitable for small companies only if they use free or really cheap electricity. Sad but true.

https://preview.redd.it/gmdfga95lay11.png?width=768&format=png&auto=webp&s=6d271beb0af5918b150e3701819055747acfc9cb

Bitcoin as an investment? Don’t think so!

Another way to benefit from Bitcoin is to invest in it. Sure thing, the coin can boast of lots of great uses including cheap payment sending and better privacy. On the other hand, some stock markets refuse to deal with Bitcoins and cryptocurrencies.
A year ago, people believed that Bitcoin is “a scary currency used on the black market to get guns and drugs shipped to your home.” Yep, that’s what Australians call “beating around the bush.” As for the real cons of Bitcoin investment, they are:
  • volatility (the prices always change in huge ways);
  • Bitcoins allows for online payments without ID (that’s bad as you can easily purchase “nasties” and avoid taxes);
  • it takes too long for Bitcoin network to verify transactions.
In terms of stock market, Bitcoin (and cryptocurrency as a whole) needs work. Luckily, there’s hope, all the pesky bugs will be fixed in the nearest future. You just wait and see!

Want it? Buy it directly!

Let’s see now, mining is too costly and dealing with stock markets is full of uncertainty (as yet). Not too promising situation, eh? Well, here’s the best part: there’s a user-friendly virtual ecosystem for you to own and use Bitcoins and other popular cryptocurrencies! That’s right, from now on you can use crypto coins for their intended purpose.
Elegro, a team of IT-savvy eggheads, came out with a suite of blockchain-based products that build a fine payment structure. The system has every single tool to make you a proud cryptocurrency owner.

Solutions that make your coins busy

Crypto Exchange, a service that allows to exchange crypto coins for “common” money and back. In other words, you can get so-near-to-your-heart Bitcoin in the most comfy and “orthodox” way.
Crypto Wallet. Now, here’s a real catch for cryptocurrency enthusiasts! The service allows to store, use, exchange and withdraw both traditional and crypto funds. The wallet can be branded. That means you can make it fit the company style. A customer-oriented product, the clear win.

https://preview.redd.it/mrpjp2dalay11.png?width=768&format=png&auto=webp&s=8ef88976d9b0bfef65c32ef080db06c5557cfb7e
Suppose, you want to go shopping and pay with Bitcoins. In this case, Retail (PoS) solution is off the charts. It turns your smartphone into a full-fledged Point-of-Sale accepting crypto coins. As a buyer, you don’t need to bother with all that bank-related stuff. As a merchant, you can accept Bitcoins and other popular coins to withdraw good old cash. Very business-like, very easy, and very little risk!
submitted by ElegroEcosystem to u/ElegroEcosystem [link] [comments]

Frequently Asked Questions (FAQ)

Frequently Asked Questions (FAQ)
1. What is Helix?
Helix Cognitive Computing GmbH is a Berlin-based strategic tech company, dedicated to creating a cutting-edge digital ecosystem for interconnecting Everyone and Everything. Helix aims to challenge the status quo by eliminating the need for intermediaries and central authorities, at virtually no cost. For more information, you can visit our website at www.hlx.ai.
2. What problem is Helix solving?
Helix solves problems associated with centralized systems and management. Rather than blindly relying on third-party promises, Helix builds trust by adopting public consensus mechanisms. Thus, it fosters the creation of endless new relationships and businesses that are more ‚direct‘ in nature. Helix enables the use of end-to-end encryption to emit secured data streams, implying that you can fully control which parties are authorized to access your messages or data.
By eliminating intermediaries, Helix enables trustless transactions. It is no longer required to blindly trust any intermediary, whether it is a storage or financial service provider, such as banks. An example includes the creation of Decentralized Autonomous Organizations (DAOs) that are direct, peer-to-peer and organize their company through digital voting systems. This could be achieved for any organization using the HelixFramework involving no payment fees to Helix. The Helix Consensus Protocol is leveraged to achieve data integrity instead of that (for more information about the HelixTangle, please refer to the Whitepaper on our website: https://www.hlx.ai/whitepaper), i.e., transactions that have reached agreement are serialized to the ledger and are immutable.
3. What makes Helix different to others?
  • The Helix Consensus Protocol (HCP) enables efficient and secure transaction processing at virtually no cost, opposed to legacy blockchains.
  • We are building an application by the name of HelixComposer. Helix assigns great importance to usability and accessibility by providing an interface for people who do not have prior knowledge in cryptocurrencies or computer sciences. The HelixComposer and its graphical user interface provide the middle layer or rather the "interaction layer" between users and the network infrastructure. It enables interactive guidance and tools for designing own decentralized applications and defining smart contracts.
  • We have community service, the HelixFoundation. The HelixFoundation assures the sustainability of the HelixNetwork. The HelixNetwork consists of Nodes (Computers) executing HCP and overlay networks (such as Flash and MAM), that are leveraged to achieve greater scalability and privacy. Further, the HelixFoundation is dedicated to creating educational workshops in the realm of Distributed Ledger Technologies, as we feel a great need of educating interested people and promote young talents.
4. Is Helix an active player in the Blockchain space?
Helix is active in the Distributed Ledger Technologies DLT space with its own Peer-to-Peer (P2P) network protocol – not based on Blockchain principles. The Helix Distributed Ledger is modeled as a Directed Acyclic Graph (DAG), a well-known data structure with excellent properties in terms of scalability.
5. What does decentralization mean?
Decentralization is a term used in network topology to describe the relations between different node types. Centralized systems typically consist of a client-server architecture or slave nodes listening to a coordinator.
https://i.redd.it/8pue5gmq1fg11.png
Decentralization promotes the elimination of unnecessary intermediaries, from the transfer of value between persons and things.
6. What is Distributed Ledger Technology (DLT)?
Distributed Ledger Technology encompasses an extensive database consisting of synchronized digital records. Examples of records maintained by DLTs include monetary transactions (e.g., Bitcoin Blockchain), titles and rights to intellectual property, creative content, music, votes, healthcare records, and other sensitive or confidential material.
7. What is a Directed Acyclic Graph (DAG)?
A Directed Acyclic Graph is a particular type of graph consisting of nodes connected to each other by directed edges. The term ‘Directed’ refers to the idea that edges have directions (like a street map), while ‘Acyclic’ implies that it is not possible to walk from a node X and return to X without going back on a previously used edge (for example no U-turns!).
8. What is a P2P Network?
The architecture of most computer applications on the internet is two-tiered. In a two-tiered architecture, there is a clear division between clients and servers. For example, a typical banking application allows a client to prepare transactions on his/her local machine, and upload the transaction to the bank's centralized server or database. In contrast to the two-tiered architecture of centralized applications, P2P systems equally distribute all aspects of the application across participants, which enables workloads, resources, and values to be shared, and additionally, eliminates the need for peers to trust central authorities.
9. What is “cognition”?
The word cognition derives from the Latin term cognosco which means 'to conceptualize'. Cognition can be defined as the mental act of acquiring and understanding knowledge through senses, experience, and thought.
10. What does “cognitive computing” mean?
Cognitive computers imitate human intelligence by processing data with a set of rules and procedures that can be updated iteratively, based on the value of the incoming data on an asneeded basis. Cognitive computing systems can provide highly accurate descriptions of visual and linguistic data, just like humans. A developing cognitive computer system relies on machine learning strategies, and the scientific study of biological systems, including their cognitive abilities that sustain autonomous, self-driven learning.
11. How is Helix funded today and do you plan an ICO – when?
Currently, Helix is funded by global private and institutional investors. In order to optimize its strategy and operations to the interest of both public (i.e. community) and professional investors, Helix decides to defer its ICO until a better perception in the markets evolves. Helix also intends to evaluate other forms of global coin distribution models where the public audience would be involved in schemes similar to Bounty Programs or Air Drops rather than an ICO. For more detailed information about ICO and Coins, please refer to the Helix ICO & Coins Quick Facts on our website: https://hlx.ai/whitepaper.
12. What is a cryptocurrency after all?
A cryptocurrency is a digital means of payment created and transferred using cryptographic principles, to enable a decentralized and secure payment system.
13. What is HLX?
HLX is the cryptocurrency developed by Helix Cognitive Computing.
14. Why is HLX called "Cognitive Cryptocurrency"?
Every transaction initiated in the HelixTangle results from the process of cognition. Helix uses cognitive scientific methods for purposes of security and validation in the network. For example, in order to approve or validate a transaction, Helix introduces the first ever transaction ledger in the crypto world, which secures transactions using artificial intelligence techniques such as decentralized deep learning, a unique ability to understand, reason and learn about cyber-attacks and threats.
15. Who can use HLX?
HLX is for everyone and everything. You do not need to create a large valued transaction to use the HelixTangle. And since there is no fee, both people and machines can attach their micro-valued transactions to the HelixTangle. Thus, the HelixTangle can be used for machineto-machine settlement, person-to-machine, or machine-to-person payments.
16. Who needs HLX?
The HLX coin is the means of digital exchange in the HelixTangle.
17. How I can mine HLX and how expensive are the transaction fees?
You cannot "mine" the HelixTangle because the Helix protocol does not require intermediaries like miners. The upshot is that the HelixTangle does not waste valuable resources like energy or natural space. Regarding transaction fees, there are none!
18. How are HLX created?
The HLX amount was set in advance by a human council. The sum is set in advance in the code and implemented in the HelixTangle. The Total Coin Supply is calculated from (244 * 244).
19. What is the maximum number of HLX Coins that can be in circulation?
Our maximum amount will be 4,292,493,394,837,504 HLX or 4,292,493,394 mHLX. We also tend to say, in short, but imprecisely: "The total supply is approximately 4,3 petaHLX".
20. What is the difference between mHLX and HLX?
Because the number 4,292,493,394,837,504 HLX is rather inconvenient to use, we count in millions of HLX, calling that unit mHLX (“Mega Helix”).
So the integer of the total coin supply divided by a million results in the total mHLX supply of 4,292,493,394 mHLX.
21. Is the HLX supply infinite?
The HLX coin supply is finite, not infinite. In other words, there are a limited number of HLX coins. In contrast to the Keynesian economic models of most states, the HLX coin supply is not inflationary because no one can “print money” as they need it, and arbitrary coins are never generated.
22. On which exchange platforms for trading HLX will be available?
To be announced after the ICO.
23. Where can I store my HLX?
Once the HLX coins are prepared for transfer to third parties, you can store your HLX inside the HelixWallet software that will be provided in time for the coin transfers.
24. Is Helix' focus on the HLX coin or the Tangle?
First and foremost, Helix is not about the cryptocurrency but rather a protocol for introducing next-generation technology in decentralized distributed computing. It can be said that the cryptocurrency HLX is a necessity to our peer-to-peer network. To be able to tap the full potential of the HelixTangle you need currency. It is not possible to pay with fiat money on the Tangle, and this is not a plan.
25. Is the HelixNetwork better than a Blockchain P2P network?
Yes. Advantages of the HelixNetwork over traditional Blockchain P2P networks include:
  • Cost – Transactions in the Tangle are free of charge and occur at a far higher speed
  • Scalability - Transaction confirmation speed increases linearly with the numbers of tips
  • Decentralization – The Helix Tangle eliminates the need for mining or miners
  • Environmentally Friendly – e.g., No waste of electrical energy
  • Can be used by the emerging machine economy (=IoT and sensors).
26. Why is the Tangle faster than a Blockchain?
New transactions in the Tangle confirm two previous transactions. This makes the Tangle infinitely scalable. Blockchain, on the other hand, sees several transactions packed into one block and these blocks are charged every ten minutes.
27. What is unique about the Tangle?
The HLX coin can be used like any other cryptocurrency. The network protocol was specially designed to connect devices. Companies and people gather data every day with a myriad of devices such as weather sensors or sensors in machinery and healthcare. But almost every piece of information is not used or recycled. The HelixNetwork can tackle it in two ways: It can save data in a way, such that no one other than yourself has access to the data. Moreover, it allows a free transaction between the owner and the one who wants to acquire the data. While we already realize how relevant data is at present, in the future, data will play an even more significant role.
28. How is data stored in the Tangle?
Suppose you want to send a JPG file to someone. First, your picture will be split into several parts and stored in a special field of various Helix transactions.
To send data or communicate with someone on the HelixTangle, you store data in the shared, public version of the Tangle for a limited amount of time. When you, or someone else you authorize, retrieve the data, you are reading the data directly from the HelixTangle in its most current state. The transactions containing your data will not be removed until a snapshot, which is like sending data off into oblivion. After the data has been forgotten, all transaction objects valued at 0 are deleted from the shared, public HelixTangle. If someone would want to read your data from the HelixTangle, that would mean that they must take the precisely same walk through the graph you already did, and only then they would recover the original walk, or message, or data. To simplify this process and stay up to certain privacy requirements, we use a module called Masked Authenticated Messaging. It enables a private, public or restricted encrypted data stream, wherein the restricted scheme, for instance, a channel identifier key and a private key would be required to access the data stream.
29. Is the data stored in the Tangle or does the data only pass through the Tangle?
To be certain of the correctness of your data, in other words, to achieve data integrity, it is mandatory that data is stored in the Tangle. Due to Proof of Work requirements and confirmation times, this could lead to problems in a scenario like a messaging app, where remotely instant data transfer is required. In these cases, it is recommended to use an overlay network like Flash. Flash enables the creation of a multi-signature wallet (that holds a balance predefined by the parties) by two or more parties that trust each other. Transactions in a flash channel are almost instant, with delays only associated to network propagation. When the channel is closed by the parties, the last state of the balances of the parties is synchronized to the Tangle. This procedure eliminates a lot of overhead, supports scalability of the overall system, i.e., the HelixNetwork and enables a tremendous throughput of transactions.
30. How is the data sent?
You can use the interface provided in the official HelixWallet. Using the Interface, you will be able to publish data into the Tangle and restrict access to your needs.
31. What are possible use cases for the HelixTangle?
To give a few examples:
  • Bio data platform - BEAMS (Helix' first spin-off, more information at www.beams.ai)
  • Recording diagnostics
  • Supply Chain Transparency (Manufacturing)
  • Aircraft Maintenance, Repair, and Operations (MRO) Energy & Utilities (The era of microgrids)
  • Public transport (Train, bus)
  • Licensing (Music, movies)
  • Votes (Government)
  • Post-shipping companies (UPS, DHL)
  • Food Industry (Food tracking)
32. Do I need HLX to use the Tangle?
It is not entirely necessary to own HLX to use the Tangle. In the future, you will be able to use the Helix Tangle to store and send your data to other people securely.
33. When will the HelixTangle / Network be available?
The MainNet should be launched in Q1 of 2019.
34. How can I synchronize with Helix' progress?
To keep up to date, you can follow our Social Media Accounts, or get informed through our website and Discord server.
Helix is active on the following Social Media Platforms:
Discord: https://discordapp.com/invite/WztYaYP
Telegram: https://t.me/helixfoundation
Twitter: https://twitter.com/FoundationHelix
Facebook: https://www.facebook.com/Helix-Foundation-874464419427146/
LinkedIn: https://www.linkedin.com/company/hcc-gmbh/
Medium: https://medium.com/helix-foundation
YouTube: https://www.youtube.com/channel/UCTC_SlcpU4V9juYkIN87rKA
Bitcointalk: https://bitcointalk.org/index.php?topic=4794230.0
35. What are Helix' intentions regarding Post-Quantum-Cryptography?
Helix’ proof of work is minimal which means the difference of performance between a quantum computer (QC) and a normal computer is minimal (~QC would be roughly 100 times more efficient than an average everyday computer, in blockchain a QC would be 14 billion times more efficient than a high-end mining pool). The difference is great.
Helix uses Schnorr signatures, which are based on the discrete logarithm problem. It achieves high performance and privacy standards and is widely studied and accepted in the industry. The problem is it’s susceptibility to quantum computations (to be more specific Shor’s algorithm implementation on QCS). Although we see the quantum era as a massive threat to existing cryptographic methods, we are sure of the fact that certain attacks, which are currently only theoretically modeled, will need a few more years to become practical enough for sufficient incentive of an adversary. While Helix is determined to come up with solutions for the quantum era, we decide to take a route quite different from our predecessor. Instead of publishing “quantum proof” algorithms (that the scientific community hasn’t had a chance to study yet), now in a time where there is no practical QC attack, seems kind of premature. In a realm, where trust is the highest good, seems premature.
The general idea is to use, what achieves the best performance and security standards today, while initiating the research needed to sustain all of the computing eras that lie ahead.
36. What Helix areas and brands are worth to know?
  • HelixEcosystem - All systems, users, community associated with the HelixTangle
  • HelixTangle - Helix’ initiated P2P network protocol (a next-generation internet)
  • HelixPlatform - The place for developers and community to interact with the HelixTangle
  • HelixWallet - Interface to manage participation in the HelixEcosystem
  • HelixVirtualMachine - Provides secure access to the computing power of the HelixTangle
  • HelixComposer - Toolkit to build your dApps (decentralized use cases)
  • HelixWetware - Helix’ future initiative for a DNA-based molecular storage system
  • HelixFoundation - the Non-Profit arm of Helix to foster HelixEcosystem and R&D
  • HelixCognitiveComputing - the Commercial legal entity of HelixGroup
  • HLX - Helix Cognitive Cryptocurrency
  • BEAMS - A bio data platform powered by the HelixTangle
submitted by HelixFoundation to helixfoundation [link] [comments]

Transcript of George Webb Video Series Part 294 "Hillary's Leakers, Hackers, and Henchmen" [@Georgwebb / #HRCRatline]

  • Day 152.4. Rothschild Weather Machine? No, But OPIR? - YouTube
    • Its day 152 this is part 4 you probably can't see it
    • But it's actually snowing here on the first day of spring here in Washington DC
    • Of course last night some people say Tucker was making fun of me, we don't know
    • But they were talking about the Rothschild you can see maybe the snowflakes bouncing off my hand here, that the Rothschilds have weather machine here in DC
    • Anyway this supposedly this City Councilman--I don't know if you could see that or not--the City Councilman was saying somehow the Rothschilds were controlling the weather
    • And I don't know if it was a spoof on me or not
    • But I will say this we did point out that there was a Suzanne Rothschild in Aurora Colorado that was involved with a company for overhead persistent inter infrared radar, which is very helpful if you have a seismic event
    • You can see the escaping gases, and it helps you find out where there's gas and oil
    • Rothchilds being involved in oil
    • But if you haven't seen the segment Tucker says that's my city councilman--
    • And he calls this Mark Stein guy who occasionally comments
    • And I don't know if it sees English or Australian or whatever
    • But he goes oh yes taka taka of course that's when they were short on cash in 29 they bought the weather machine teka it's really a Jewish conspiracy
    • It's gefelte fish they're cornering the market
    • Anyway it was one of those moments where you go back for the rest of your life you'll go back thousands and thousands of times you'll watch that segment between Tucker and Mark Steyn, which brings us back to us which is we just put out the facts
    • Hey Suzanne Rothschilds involved in a satellite company in Aurora Colorado overhead persistent internet infrared radar which sees through clouds like we have today
    • I'm not saying there's a Rothschild weather machine
    • But I am saying there is a Suzanne Rothschild involved in overhead persistent infrared radar in Aurora Colorado
  • Day 152.5. Rothschild Weather Machines Aren’t Cheap - YouTube
    • It's day 152 this is part five I think you can
    • Now, see that the rothschild weather machine is working
    • As investors we're very happy.
    • This has worked out well for us
    • It's it's a culmination of a long dream
    • And this doesn't happen just by itself you have to have dedicated professionals
    • People who really come to work every day with one intent in mind
    • And that is to make it snow on the first day of spring
    • {{ 911: so funny George }}
  • Day 153.1 Q Posts MZ and RT - Is That MBZ and RT? - YouTube
    • Ok it's Day 153
    • And I just saw this post from Q I don't usually talk about Q very often
    • But I saw this MZ and RT
    • And I immediately thought of MBZ Mercedes Benz who's the weapons minister for UAE and Rex Tillerson
    • And leaving the phones at the door usually means you're going into a SCIF
    • And there's a lots of people eight people
    • Usually political people being normally the Intelligence Committee--the gang of eight
    • Or four or five people usually
    • Dianne Feinstein would be on one side from the Senate, Schumer
    • From the house side you'd have Schiff and you'd also have Devin Nunes, that sort of thing
    • Former Intel director could be like a Rogers from NSA or one of the other ones like NGA or NRO or it could be Clapper
    • But for me IDEN has always been a mixture of radio like push-to-talk type radio and then phone
    • And for those not familiar with it, I can I can talk about that later
    • But here is just ID
    • And here's some of the items owns that it's kind of both a phone and a radio
    • What you can do is trunk the radio traffic, so I can talk from here in Washington DC somebody in Pakistan on the on the Kashmir border
    • And most of the traffic goes through a line all the way around the world
    • And then the radio frequency is only done by a repeater here at the very end to my little network of drug traffickers or Saipov truckers to drive in Uranium around
    • So here's here's just the feature called moto talk it's a part of Motorola Iden
    • And there's lots of different satellite networks to choose from
    • But this one here's international satellite services--it's almost Isis--or right out they don't even hide it
    • And if you're running this stuff from Mike the Navy Yard--
    • This was interesting because I always look to the Navy in these situations
    • Anyway Richard Spencer is the current Secretary of the Navy, right here. Born in Wyoming
    • But I looked at this previous guy, who was kind of like a old Clinton
    • He was a governor of Mississippi
    • But then he became started running Navy during Barack Obama's time
    • And I think Mabus here is going to become more a part of our story in terms of running this communications network that we're talking about
    • He was on it was on his watch where we had the shooting in 2013 at the Navy Yard
    • So we'll just put Mabus in the background here
  • Day 153.2 Drug For Weapons UAE Hates Above Board Trump - YouTube
    • It's Day 153 this is part two
    • And as I explained in my last video this MBZ guy is the kind of weapons minister for UAE
    • He's been selling containerized weapon systems through the port of Canaveral in Florida
    • This is the [[Project Pelican]]
    • So I have a container I have a guy here with a containerized weapons business out of the port of canaveral we know that
    • So where does he do his deals?
    • Well he doesn't in Las Vegas
    • Here's his ambassador right here doing Dumbo drops of girls doing drugs for weapons deals in Las Vegas at the hotel on the 37th floor of the Four Seasons
    • So I just see that as drugs for weapon structure weapons drugs for weapons
    • And then I look at it again, and I say drugs for weapons
    • So how does it get from China Lake how do the weapons
    • And drugs move around I would use an algorithm a secure crypt cryptographic algorithm to do that
    • I would use the Tao tailored access unit inside of our NSA to do those communications
    • I would have like a Mike Rogers or somebody help manage to that communications
    • And I would use the China Lake
    • And over here I would use this missile right here or something like that accoutrements of this missile
    • There's all kinds of things that they in weapons testing that they have
    • Energetics forms test platforms test apparatus there's all kinds of things going back
    • And forth between NAVAIR where this stuff is tested
    • And the firing ranges...so you can have constant traffic
    • And just in dealing with the folks at NAVSEA at NAVAIR
    • I can just tell you this is where the it's always where the darkest weapons are is where the drugs are
    • I don't know why that is
    • But it just is Dow And DuPont Dow DuPont Dow and DuPont
    • And again, how does Martin Rashad Amad Moore Butler whoever else get to run this thing with no experience--
    • I'm not saying he's involved in the drugs for weapons drugs for weapons drugs for weapons
    • But I am saying: how does a guy like that has no military experience, end up running this a huge program for NAVAIR?
    • There's going to be a similar person NAVSEA
    • So again, here's a person Trump is at the White House today talking about an eight hundred billion dollar deal today with Saudi Arabia for weapons
    • And saying we're not going to do Isis weapons anymore
    • That's directly goring this guy's ox--MBZ's ox is getting gored
    • If you were Nancy Pelosi or if you were Feinstein, wouldn't you call MBZ up and say, "hey let's get over there to the White House and talk to our people, get Trump to reconsider, and cut us back into this business"
    • If Trump closes down the golf teen or business and the Gulftainer report: there goes all a Club K business
    • He closes this down and he closes down that secured algorithm for our communications for Navy, and we're totally cut out of the business
    • So again, I go with Braverman saying "follow the money"
    • Don't follow people who
    • Q to me is somebody who runs the ball toward the goal line when he gets about of the 20-yard line he runs into the hotdog stand
    • He's what they call a white rabbit in the Intelligence business
    • I'm not saying it's Steve Pieczenik, I didn't I never said it was Steve Pieczenik
    • But I'm just saying that's Steve Pieczenik's MO as well, is run to the 20-yard line., all the fans are cheering, and then you run out of the stadium and you go get a hot dog
    • And you keep doing that over and over to divert people away from the truth here, which is:
    • MBZ was shipping weapons to Isis for our Secretary of the Navy--The guy I just talked to that Mohar guy--and Hillary
    • That's just the bottom line that's the honest truth
    • And everything that you've collected in terms of data tells you that
    • But for some reason people want to follow Q, and think it's Mark Zuckerberg
    • And when they drop the price of Facebook, they're just gonna sell short and buy it when it gets to the bottom
    • This is where the action is the king of Saudi or the Crown Prince of Saudi Arabia was in Oval Office today, talking about above the board's weapons business
    • Below the board's weapons business guys don't like that. Period
  • Day 153.3 Follow The S, Not the Q or the Z - YouTube
    • It's day 153 this is part three
    • And this morning's post I had the temerity to say MZ is not Mark Zuckerberg it's actually MBZ the key weapons buyer for UAE
    • And remember UAE is a funnel for all sorts of rogue nations, all over the world to buy weapons and as well as nuclear materials
    • So Pakistan and UAE really kind of one side of each is a different side of the same coin as far as nuclear materials from Pakistan, weapons from UAE
    • Encouraging states all over Africa, and the Middle East, Central Asia, to raise opium to pay for these weapons war trafficked in women
    • And sometimes even children to pay for that
    • And unfortunately now, more recently, unused organs that are no longer needed by prisoners
    • So this whole DynCorp kind of bouches down in the depths of bouches
    • Here's Rex Tillerson meeting with MBZ not that long ago in November 2016 right before Donald Trump takes office
    • A lot of folks think that at this conference here in Abu Dhabi that Tillerson had been the Shadow Secretary of State the last four years
    • So while Rex Tillerson was nominally the Secretary of State, we won't know until we actually see the Blackberries, see all the messages
    • But I really was encouraged when I saw this thing that Jason did with Dr. Corsi and Charles Ortel
    • Charles Ortel is an expert in this area
    • He knows this Saudi royal family he knows Trump is playing it above board with the Saudi royal family
    • Jason's done some excellent work on this Vegas stuff--that the whole place where all these deals are happening
    • All this drugs for weapons deals are happening
    • So it's it's, and Dr. Corsi has done a lot of great investigative work
    • And what I love about Dr. Corsi
    • He just comes in and just does a comprehensive a-to-z
    • I remember this when we were doing that the DNC--hack versus leak thing when I was sitting in the exact same chair that Charles is sitting in there in Dr.Corsi's library
    • And it's just so much less than I have to prove, when he comes in like this with this book that he has, "killing the deep state"
    • It's just such a beautiful it's like all that I don't have to worry about
    • Now, I can go to the edge, and thank you Dr. Corsi for such a beautiful thing
    • You haven't seen this thing it's two hours long
    • And it's good all the way at 57 minutes Charles mentions his knowledge of the royal family at about a minute 13 Charles she's me Dr. Corsi starts talking about some of the propaganda techniques
    • And the history and background of Muller
    • Now, he did duck this question about SES from Jason
    • Jason asked a very good question, he was kind of following up from Field McConnel
    • And what I've always said here is
    • And just an excellent interview question by Jason
    • There's this core, there's this DoD core that's been put in place to George Bush put that core in place at SES, which I call the SS?
    • Did George Bush push the SS inside the SES?
    • Create the SES for that exact reason, to kind of take over government with a DOD anointed core, rather than having general government servants come up through the ranks?
    • Well I think he did
    • And I think it's been that way since the very inception
    • And especially a DOJ, DoD, and DHS
    • So I want to keep concentrating there
    • So what's great about this interview...is now, I can go straight at that core
    • And so much of this stuff doesn't need to be proven
    • So get this book I recommend this book that's "killing the deep state" book by Dr. Corsi
    • Remember Q isn't talking to outsiders
    • He's talking to insiders he's talking to insiders that have seen messages going back and forth between Tillerson and somebody named MZ
    • Everyone is trying to get people to think MZ a Zuckerberg
    • MZ is MBZ you're the
    • What Q is trying to do is influence people who are insiders not outsiders
    • They're trying to get people who have seen the Intelligence
    • But haven't quite put all the Intelligence together on the inside, who've seen the messages that MZ is Zuckerberg not MBZ
  • Day 153.4 Trump Choosing MBS Over MBZ, More ShareBlue Projection - YouTube
    • It's day 153 this is part 4
    • And I'm going to make this experience clear as I possibly can
    • It's a decision between MBS here, the Crown Prince of Saudi Arabia, versus MBZ, one of the Seven Dwarves of the UAE
    • This being the biggest dwarf here MBZ
    • So it's MBS Crown Prince of Saudi Arabia
    • Or MBZ Crown Prince of Abu Dhabi
    • That's the choice here
    • The choice in the transaction is an aboveboard transaction you're being shown by the president an aboveboard transaction for both weapons systems here and other investments
    • One is a blue board
    • One's a yellow board
    • You're seeing the transaction right in front of your face right in front of your eyes right
    • Versus this meeting which is two days before the election with Rex Tillerson and MBZ
    • A covert cover for what the hell do we do if Trump wins this thing?
    • What do we do with our covert weapons business or our oil for weapons business?
    • And our drug for weapons business?
    • What the hell do we do?
    • Well we'll make you Secretary of State, you can just run underneath
    • Well that worked for about a year maybe a year and a half everything else
    • Mark Zuckerberg being brought in from the shadows...Cambridge Analytica
    • Cambridge Analytica Oh has been they try to make it into a English company
    • And I guess it is in some way
    • But here again, Andrew Thierrault the whole deep-dive crew at Share Blue are all the nuts and bolts of this
    • This is all Obama for America
    • Cambridge Analytica is all Obama for America
    • All deep dive targeting
    • This is what I sold four years ad-targeting profiles...
    • If you're gonna try to accuse Trump of... if Cambridge Analytica scraped 47 million profiles, you're gonna try to say that's what won Trump the election?
    • It's just yet another attempt at accusing Trump of something that you did!
    • They're just going down every crime committed they committed and accusing Trump of it
    • Cambridge Analytica is Obama's company
    • It's not Trump's company!
    • They probably spent--Dan Scavino probably spent about 300,000 bucks with with Facebook in Cambridge Analytica
    • They probably spent a lot more than that with Facebook directly
    • But Cambridge Analytica is the one that's great the profiles not Trump
  • Day 153.5. Overhead Persistent Infrared Radar - Wishing You Well - YouTube
    • Day 153 this is part five
    • Everyone here at overhead persistent radar, everyone,
    • I speak I think I speak for the OL the whole overhead persistent radar family, when we wish you a Merry Christmas
    • OH first day of spring oh sorry I got it
    • Yeah everyone here at overhead persistent radar imaging wants to wish you a very Merry Spring
    • Now, we do a lot of weapons testing in the China China China Lake area
    • And what happens is gaseous--trapped in our Earth's crust will be released
    • And we have overhead persistent radar
    • We can see that from satellite, even on cloudy days like today
    • We can find help you find the oil that you've been looking for on your land
    • Are you a farmer who's coveted the land of another farmer or are you a BLM representative who wants to retire by taking some farmers land or for some ranchers land
    • We can help you do that as well
    • If you're inside SES we have several partnership programs that are available to easily take whatever land we come up with with our US Geological Survey information or our NOAA survey information
    • We only ask a small percentage here at Rothschild overhead persistent radar we bring you the latest in technological breakthroughs to get YOU the results YOU want as far as taking land and ranches in the West
  • Day 153.6. Is Susan Rothschild On NOAA Staff? - YouTube
    • It's day 153 as we're plowing snow here
    • A lot of people have contacted me very very disappointed that I was kidding about Rothschild weather machinery, weather stock
    • And I know how disappointing that is to many people
    • But if I was in business, let's say I was in business in Aurora, Colorado, for doing let's say overhead persistent OPI our OPI our IRS infrared overhead persistent
    • OPIR radar is all that it's there all the time
    • And it's our number one nation's defense against missile launches
    • And it's run out of Buckley, Colorado
    • The four hundred and sixtieth a winged space war wing runs that right
    • As a matter of fact in that six square miles at Buckley, Aurora, Colorado
    • Or if you're named Suzanne Rothschild and you have a company there for OPIR--both of them work
    • But they run all the reserve training, all reserve training for OPIR which is kind of neat
    • So here we go, satellite makes a pass, the satellite makes a pass just like the plow just made a pass
    • And that detects heat events all along the swath
    • If you have a constellation of those, you have a constellation of those plowing the sky, you're going to get a map
    • A heat map of the entire world, especially in the western United States of any heat events
    • And this is very precise radar
    • We're talking about a telescope the size of a bus, with the precision of the pin of a head from twenty three thousand miles away in the Geo belt
    • So we're not talking about inaccurate systems here
    • That's just from satellite here comes that satellite again
    • We just detected heat events
    • Now, we can do that from planes, helicopters, so if we bring people into Buckley and do training missions, we can detect heat events there
    • If we coordinate that with our testing of explosives heat events like escaping hot gases from our Earth's crust, let's just pretend that lawyer below there is his crest
    • Now, we can see the black
    • The black is the gold
    • That's the oil that's the gas where there's oil there's gas trapped
    • we're just gonna take off that top layer with our explosion here it comes again
    • (this is kind of exciting actually)
    • OPIR there you have it
    • So that's how how its works
    • Now, why is Susanne Rothschild there?
    • Well you can also use this in mining oil gas and mining
    • Because once you go down and drill for where the gas heat is coming out, you find oil
    • But you also find minerals it's gonna take a tunnel
    • You may as well dig a tunnel and find it all
    • As a matter of fact you may want to dig a tunnel from here to there for some other reason
    • And just take all the stuff that you find along the way have somebody else pay for the building of the tunnel
    • So you might want to do a big train in from let's say San Francisco to Los Angeles with lots and lots and lots of tunnels
    • I'm not saying that's what's happening, but here it is
    • Just taking that top layer off, so you can see those heat events
    • I'm not saying that the weapons testing in New Mexico at Sandia lab would be exactly the perfect for this type of remote-sensing testing
    • I'm not saying that
    • I'm not saying China China China Lake is the place for that
    • I'm not saying different military bases all over the West would be perfect for doing that sort of testing, in order to take farmers, and ranchers land
    • I'm not saying that at all
    • But I'm saying if you were the wrongheaded type of person, you could do that
    • You could create a hoax weather event here and a hoax weather machine over here, while you're taking land and farms land over there with your sweeps
    • Just think OPIR
  • Day 153.7 More Drill Down on SES - What Border? - YouTube
    • It's day 153 this is part six
    • And somebody asked me if this Yaeger this gentleman here this Yaeger here the director of strategy twenty years in the Navy...working in Homeland Security office in the Inspector General William Yaeger
    • Now, we know John Rafi Inspector General what DHS's is gone
    • So this is a sub department here at training and workforce
    • So this is William Yaeger are they executive service
    • Are they Senior Executive Service or not? And he's not
    • But I did find another one I went and just searched on Yaeger you just go to this plum book he just googled plumb book 2016
    • And then you got a hit down here on Michael J Yeager at Customs and Border Protection
    • So you have to do in this situation is just go dow and look at the resume
    • He's about ten years younger than I am he's about 47 46 maybe
    • He went to law school here at College Park Maryland here at University of Maryland
    • Drilling down a little bit here you find out he's at border pathways government solutions here in Washington DC
    • Now, it was at US Customs and Border Protection
    • But was that on the wall was that on the wall or was that at any of our major ports?
    • No it was actually as a office of Congressional affairs which means you basically meet with Congressmen to try to get immigration money and immigration testing
    • He spent a little bit of time in private while while Hillary was kind of sewing, getting ready for the 2008 campaign
    • But before that again, he was a democratic deputy chief counsel
    • So he's over at kind of the one of the probably this the Cannon office building working at the committee for government and Reform and oversight
    • Again, all the way back to the Clinton administration
    • Again, lawyers hands here at Capitol Hill not spending a lot of time at the border
    • Now, he would have gone from this political job to an appointment at a very young age, here to be in this US Customs and Border Protection
    • And again, he is in the senior executive service
    • This is exactly the thing I'm talking about, where you've kind of got--I don't want to say soft--lily palmed lawyers--in the role that traditionally would be somebody who's had thirty years experience on the border, seen it all, done it all, done a lot of--aerial reconnaissance surveillance, marine reconnaissance, been on a lot of Coast Guard cutters, been on the doing the night-vision stuff on the border, and shot at a couple of times, been in a few fights--gone into the barrios...and had to fish people out that were murderers...
    • That's the kind of guy I want running a Customs and Border Protection
    • Not someone who is kind of gland glad-handing politicians and taking them over to the Capital Grille
    • Not that there isn't a use for that
    • I just don't think the Senior Executive Service is the place for that
  • Day 153.9. Mr Rosenstein, Tear Down This Wall. Of. Paper - YouTube
    • It's Day 153 I think this is part eight
    • The Rothschild weather machine stock is is out of control
    • People are dumping their Bitcoin
    • They're coming along at these pay stations, where firemen with boots
    • They're throwing their Bitcoin in, they're taking out handfulls of Rothschild Weather Machine [Stock]
    • So get it out of it while it lasts--I don't know if it's gonna last much longer
    • But anyway on to other topics--a lot of is being said about this congratulatory phone call that Trump gave to Putin
    • Don't you realize, Mr. Trump, that democracy was in the balance
    • Cambridge Analytica has 50 million Facebook profiles--we had these Russian insurgents all over all of our elections 2014 2015 2016
    • They injected themselves in all these state races
    • They caused panics
    • They caused a chemical plume attack in Louisiana
    • A race riot murder in in Atlanta
    • They caused a Ebola scare
    • I mean democracy hung in the balance
    • We were on the precipice
    • Don't you realize Mr. president get a grip Mr. president
    • Don't you realize we shouldn't be congratulating Putin
    • He almost destroyed our country!
    • Well if that's the case, then Mr. Rosenstein
    • Mr. Mueller
    • Mr. McCabe
    • Mr. Comey
    • Publish publish publish the modus operandi published a modus operandi of these terrible operatives this Krylova and this Bogacheva
    • Let not another day go forth where Krylova's little cryogenic little machinations in America go on unshown, show light, cast a great light upon that evil
    • Cast great light upon Bogacheva's manipulations--her boggedness her boggedness Miss Bogacheva's Boggedness
    • Another day must not go by
    • Publish her expense reports
    • Just publish one document, published Bogacheva and Krylova's expense report--
    • [It] Says every city they went to
    • Says everything they did
    • Why don't you actually show the detailed indictment of what they actually did in each State, for each election where they visited--all their different hotel itineraries that you want they went to
    • Publish that for the American people, so our democracy doesn't come under asunder
    • Doesn't come under this kind of assault again
    • We must fight for our democracy Mr. Rosenstein, we must fight for it mister I almost said Rothschild {{ LAUGH }}
    • Mr. Mueller, Mr. McCabe, Mr. Comey {{ LAUGH }}
    • Now's the time: publish the expense reports, strike down--take a strike a blow at this this {{ LAUGH }} Russian interference
  • Say 153.10 Jared Kushner. - YouTube
    • This is Day 153 I guess part 10
    • Welcome to the Rothschild weather machine, I guess
    • Iggy Azalea told me not to make this video
    • So Jared Kushner
    • I look at him as a person who's putting all of his personal wealth on the line for Israel
    • I know Americans don't see it this way
    • I know Americans say "Oh Israel is somehow controlling or whatever"
    • But if you're from Israel, I think you see it very differently
    • You see seven nations, totally surrounding you, saying that they're going to kill you
    • And I see a person in New York, who could say, "oh that's not my problem: I'm rich. I've got millions of dollars"
    • But he decided, no that's that's not going to be somebody else's problem
    • That's going to be my problem
    • And if Mueller wants to entrap Jared for being a brave person, representing one of the countries he has a strong affinity for, then that's the way it's going to be
    • But I don't I just think that's a very poor angle of attack for the Mueller offensive team
    • {{ 911: No it's great, because now we can paint Mueller as an antiSemite, and if Antifa supports antisemites, then we can definitively say the Left are Nazis and we can then have a right wing revenge motive to stand up to them FINALLY. I know that's political. And Shitty. But we're in the midst of 'worldview warfare'. But you're 100% right about Israel. People (civilians) are generally good all over the world, and it's psychopathic leaders that embroil them in conflict with each other thru psychological abuse and abuse networks of power--that ends now. }}
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

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