Im a bitcoin millionaire and it has ruined my life. - reddit
What Happened to the Guys Who Invested Their Life Savings
He Was an Infamous College Hacker. Then a Bitcoin
Forex Trading in Kenya.
Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while. FIRST OF ALL, who am I..? I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since. I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass. What the fuck is forex and forex trading. In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend. These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell) Is forex trading illegal in Kenya? Is it a scam? Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019) Have there been scams involving forex in Kenya? Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable. However, by the end of this post, I hope you won’t fall for such silliness. What next how do I make it work..? Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that. The second route is more practical, structured and smarter. First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car. Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored. The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you. Here are some nice YouTube channels to watch. These guys are legit..
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off. How long will it take until things start making sense Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee. Social media, Mentality, Psychology and Books Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed. Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you. Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch. Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn. This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts. Brokers You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it. Money transfer. All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.) How much money can I make..? I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make. How much money do I need to start with..? Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds. Taxes..? Talk to a lawyer or an accountant. I am neither. Family? Friends? Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it. The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together. Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job. And now it is 5am, fuck. This is oversimplified and leaves out many many aspects. Happy to answer any questions.
We had some difficulties, but it's not stopping us! The winner will be picked tonight, I'll explain what happened in the post! [Draw #51]
Sorry for being so late, thanks for waiting.
TL;DR - This post is for the sole purpose of choosing a winner. If you commented in the [Drawing Thread], you are entered in the drawing and don't need to do anything else. By 22:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.8, and you do not need to own Bitcoin in order to participate. Additionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information. Importantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment. The Problem Alright, so three things happened: First, I overslept. I fell asleep at midnight, and woke up around 8 o'clock. When I noticed this, I gathered the comments at 9 AM ET, which is pretty close to the deadline. Second, I haven't used a PC, Mac, or any other reasonable piece of desktop hardware to run a Python script in years. If it's not through Repl.it on my iPad, it's through Pydroid 3 on my LG V30. I couldn't figure out a way to efficiently run the scripts on Repl.it on my iPad, and as for my phone, it didn't want to parse through the authors. Also, the software I used is Python 3.7, while leroy627 stated it required the use of Python 3.8. In other words, I wasn't able to fully follow through the process of running the scripts due to hardware restraints and lack of the necessary software. I received this error when running getAuthors.py, but I'm not having it stop us. Third, it's just a culmination of real-life conflicts. I honestly hate having to delay the [Draw] post, but otherwise, I hope everything is fine. What does this mean for you all? What happens is that the process of picking the winner is delayed, but not for much longer than what is standard. Also, potential winners will be manually disqualified after an unsuccessful vetting of their account, rather than having it be done automatically, if it comes to that. The Solution The comments have already been collected, we're just going to go through the process that has been established in [Draw #49] and [Draw #39], just with the software usable that's on GitHub (save for getAuthors.py and removeInvalids.py, unless if a fix is possible). The winner will be picked on 22:00 UTC (epoch timestamp: 1582495200) today. DISCLAIMER:Some of the information may be unrevised, but procedures are the same as prior draws. Thank you. Off Topic: The [Discussion] Thread at /millionairemakersmeta is open. All comments are welcome there for any inquiries. [Discussion #51]:https://www.reddit.com/millionairemakersmeta/comments/f8g5fo/_/ Explanation! The Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3rd Block after the time (being 22:00 UTC) to select the winner. If a block is discovered by 21:59 UTC, it will not be counted towards the counter of three blocks. If it's discovered by 22:00:00 UTC, then it will, simple. This can be checked by seeing the timestamp given to it by blockchain explorers. You are able to see how this subreddit will verify the winner by checking the Dropbox folder, which also includes a back-up plan in case of an emergency. Standard Protocol: This post will not be edited! This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation. To verify if a hash for a file is that of Draw #51, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here. If you are interested in doing this for yourself, download Python 3.8 and follow the path to the text file here: MM51\OfficialMM51IDs.txt Status Reports: I will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 6:00 PM ET, the pinned comment will be announcing the winner. If you can run Python yourself and follow the instructions, you should also be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience. Information Used For Draw #51: Dropbox Folder: https://www.dropbox.com/sh/ot6hok3e5zt5enl/AACqBWoCAgikuGsdVs6Z5frta?dl=0 GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/master SHA-256 of Primary IDs: a8735f7dacabd6bd279ed096587f49ecaf2225508b7484bdea1739faf4d21949 Block Selection: The Third Bitcoin Block After 23 February 2020 - 22:00:00 UTC Total Participants: 7,860
r/MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER
MAINSTREETCRYPTOEXCLUSIVE: INTERVIEW WITH ROGER VER https://preview.redd.it/9rycme1mdgr41.jpg?width=200&format=pjpg&auto=webp&s=30c55fb3ff8b3705726a04109797063a26798798 Roger Ver, is one of the five founders of the bitcoin foundation. You could say he was ahead of his time, buying $25,000 worth of bitcoin when they were merely $1 each. He was the first major investor to invest millions in Blockchain.info, Ripple, Kraken, and Bitpay among others. Now he wants Bitcoin Cash, a fork of the legacy chain, to be used as a global P2P currency, and says it can scale just like Satoshi first laid out in the original Bitcoin whitepaper.--------------------------------------------------------------Bitcoincash.orgRank: #5Current Price: $257.65Market Cap : $4,741,042,75924 hour trading volume : 1.741 Billion USD--------------------------------------------------------------Hi Roger, first and foremost, I wanted to thank you for taking the time to do this. You are truly a pioneer in the Bitcoin space, and all of us owe you a debt of gratitude. On behalf of all of us, I wanted to say thank you for advancing the space. 1. First, I want you to take a moment and appreciate how far bitcoin and cryptocurrency has come this past decade. Did you ever believe you would see such growth, interest, and adoption in such a short period of time or has it completely surprised you? We always over estimate the amount of progress that will be made in the short term, but underestimate the amount of progress that will be made in the long term. Crypto currency is another example of that. 2. At what point did it hit you that bitcoin was history in the making? From the very first day I knew it was one of the most important inventions in the history of humankind. The book Digital Gold goes over how I literally had to go to the emergency room because of the excitement I had for Bitcoin. 3. How did you first get into bitcoin, pre Bitinstant? I first heard about it on the FreeTalkLive.com radio show. A full history of the early years is covered well by Digital Gold. 4 .What economists and philosophers do you align with? I think Murray Rothbard fits into both categories and his thinking influenced mine more than any other single author. Others who have influenced me would include: Adam Smith Ludwig von Mises Milton Friedman David Friedman John Locke Henry Hazlitt Frederick Bastiat Larked Rose Ray Kurzweil 6. What has been your favorite moment in crypto history thus far? My favorite moments were reading the underlying philosophy behind the Silk Road. The government has done an amazing job distorting and smearing the underlying message behind the site. My eyes started to tear up when I read this post on the front page of the Silk Road for the fist time: https://www.reddit.com/Anarcho_Capitalism/comments/29diyt/defcons_latest_post_on_silk_road/?sort=top I never bought or sold a single thing there, but I spent countless enjoyable hours reading their forums and exploring the site. 7. What are your future plans for Bitcoin Cash? It isn’t just a hobby, it’s a global revolt. We will become money for the world. 8. Branding is so important. Bitcoin currently has greater brand recognition a la Coca-Cola, and is regarded by many as the “real” Bitcoin, even though this is widely disputed, especially by crypto-fundamentalists. Do you envision a Coca-Cola vs. Pepsi type scenario? Do you envision parity price-wise between the two on a long enough timeline? Bitcoin Cash has more utility than BTC, so in the long run it will have a larger market cap. Currently we are in the era when Myspace was bigger than Facebook, but Myspace’s servers were being over loaded and causing a bad user experience. Eventually people migrated to Facebook and eventually people will migrate away from BTC. 8. a) Have you ever thought of re-branding Bitcoin Cash? No one is in control to do such a thing by themselves. The community can’t even agree on orange vs green for the colors. 9. Bitcoin Cash has the potential to truly be used as a global form of payment rather than merely a store of value, what else excites you the most about the potential of Bitcoin Cash?
Payments for the world. That’s all we need. 10. I asked Adam Back the same question: If you could remove yourself from the equation, and remove bias, how would you objectively evaluate the pros and cons of Bitcoin Cash versus The Lightning Network? Anyone can permissionlessly start using BCH to start sending or receiving payments world wide in about 30 seconds. (The time it takes to download an app) It is accepted by more than 100,000 websites around the world, and has millions of users. Lightning Network would take about a full day to setup and get working permissionlessly, and would take several hundred dollars of additional computer hardware. Once it is setup, you can spend it at about 300 websites world wide, and it has maybe a few tens of thousands of users. 11. When you’re not working, what do you like to do for fun? Favorite hobbies? I enjoy reading, and Brazilian Jujitsu. I’m especially interested in doing more competitions before I get too old. 12. What are a few of your favorite books? What are some that have made a long lasting impact on you? (Can be fiction or nonfiction) I loved the Age of Spiritual Machines. It painted a picture of how exciting the world is going to be thanks to More’s Law. I also loved The Moon is a Harsh Mistress. I see crypto currency being a world life parallel. 13. What are you most excited about for the future of blockchain technology and where do you see the space in 5 years? I’m excited to see wide spread wallets with strong privacy, and more agorism starting to take place around the world. 14. What are your personal theories of who Satoshi was / were, what was their motivation, and do you think something like bitcoin would have inevitably been created eventually, had Satoshi never existed? I don’t know who Satoshi is or was, but it was clear they were trying to build a peer to peer electronic cash system, not what BTC has become today. It was an inevitability that someone would create something like Bitcoin eventually. People like David Friedman and others had been writing about it for decades in advance. 15. What advice would you give our viewers regarding blockchain, business, motivation, or life in general? Read more books. Reading a book like having a one on one tutoring session from the author. It’s the best way to learn directly from the greatest minds the human race has ever produced. BONUS: If you were a director and could make only one film out of all the wild stories regarding crypto, what subject matter would you choose and why? The Silk Road because it embodied the spirit of peer to peer cash and voluntaryism.
I've reached the extent that I think I can tell this story. This is my experience with the cult
Introduction I am hesitant to begin writing about these memories, and for two reasons. The first is out of fear - fear of retaliation. You see, I was taken advantage of by a cult that I escaped a few years ago in the summer of 2018. I wasn’t involved for long - ten months - but that wasn’t the end of the cult’s influence on me, as they cleverly had a previously unaffiliated visitor contact me and try to bring me back during the period afterwards. I believe they are still keeping tabs on be covertly, but this may just be my paranoid nature. For nearly the entire first year afterwards, I was always looking over my shoulder to see if I was being followed. They definitely have an interest in roping me back into the fold, as you will see how sociopathic these people are. I’m still traumatized, and although I have healed a great deal from these trials, there is still lingering conditioning that causes me panic attacks and anxiety, which exemplifies my schizoaffective disorder. I attribute much of the reason I’m houseless now to the combination of my mental health and trauma caused by this group. The second reason I am hesitant to begin writing is also out of fear, but this is instead a fear of not being able to deliver on my promise to expose this cult. I know I have the ability to write about my account, but will it be good enough? Will I be throwing these words into the electronic ocean like so many others with little effect on the world? I feel that no matter how hard I try, I will be unable to capture the cult’s devious acts in such a way to convey what it was like for me, a vulnerable individual, to be slowly turned into an obedient slave. Inadequacy. This is an important piece of my psychology. After watching my mother decay and die for the first nine years of my life, followed by being raised by an abusive, narcissistic father, I have a profound feeling of inadequacy ruling me. I never feel like I am good enough; that I have to self-sacrifice - to the point where I believed I had to be as good as Jesus Christ - in order to achieve a passable level of human adequacy. The cult took advantage of these feelings in spades and left me a shell of who I was previously. Fortunately, the period of houselessness that has extended the last year or so of my life has been a radically transformative period where I feel able to step out from barriers that previously trapped me. I feel freer than I ever have been, and to be honest, I owe a lot to the cult for pushing me to my breaking point and learning where my boundaries are. In fact, I don’t believe I could have stepped away from the denial of having a feminine side if it weren’t for the ridiculousness of how far I was pushed. Now, I stand strong, ready to accomplish this mission life has presented me. It is my basic civic duty to tell my story and warn the public about this group and others who prey on vulnerable individuals in an unstable socioeconomic period. They deliberately attract people who are vulnerable for personal or financial reasons. For instance, there was a flat-earther from Belgium who was here illegally that got roped into our group by being attracted to the messages of sovereignty and their abundance of kooky new age beliefs. They even tried to get me to recruit more members using the same strategies they hooked me with - which is standard cult behavior. This leads right into how I got involved with the cult in the first place. Part of it is my fault, as I was young and naive. I still am, but now I have the wisdom to not throw myself out there for any group to start manipulating. There are many people who can be drawn into their preying behavior, and it is important that I elaborate on how easy it is to get duped, so others don’t follow in my footsteps. As you will see, the group was bizarre in many ways. I want to start off by saying that I did not join an organization of pee-drinkers who practiced blood-magick on the side of Main Street. Instead, I started working for a nonprofit that promised to change the world, and appeared to have the ability to do that. The weirdness grew exponentially over time, gradually as they conditioned us to accept their way of life. On my own end, I wanted to join an intentional community; one where everyone involved works towards a singular end as one unit. I longed for the camaraderie and an alternate way of life. I wanted something different than what - as the cult called the common culture - “The Matrix,” or “Babylon” offered. There are such communities, but because of devious groups like this, everyone needs to be cautious when attempting to find them. I still seek to find or create an alternative lifestyle for myself where I can live amongst my brothers and sisters away from the mass-produced consumer culture of the world. It’s been a hell of a journey, but I am happy where I am now. If anything, the group taught me that self-love is our first love; if the gardener does not take care of themselves, then who takes care of the garden? With my efforts to find such a community as I wanted, it was inevitable that some group would have sunk their teeth into me. I am grateful that I was able to recognize the far-flung insanity that I was trapped in and escape. Now I just need to focus on recovering and helping others who may be searching for the same things I am. Chapter 1 It all started early in 2017. I was working on reverse networking, like trying to place a letter on someone’s shoes to let them know I exist. I was hoping to find a project I could use my skills as a writer and juggler by broadcasting who I was on our small online community, The Shrug Life Syndicate, on Reddit. I was so desperate to find such a community that fit my ideals and goals that I didn’t even conceive that someone could be watching in order to learn about me. They first posted a link to their site on our community’s board, when they were still going by the Awakening Sovereignty Collective. To best understand how I perceived them initially, you have to understand that I was lost in what we at the Shrug Life Syndicate call the synchronicity slip stream. An aspect of my schizoaffective disorder, I often get lost in various series of synchronicities that form a coherent narrative that compels me to behave differently than I otherwise would. It is an amazing feature of my mental health for creativity and finding alternative solutions to problems, but it can be debilitating when trying to fit in to the normal world. When the ASC posted, I believed applying on their website was the obvious thing I should do in order to accomplish my cosmic mission. Well, nothing happened at first, and I forgot about them until several months later until I received an email stating I was hired. This came after a series of strange tasks from anonymous accounts that seemed to be tests to see if I was as capable of a writer as I portrayed myself as being. I remember one test was to see if I could write a sales pitch for “Unicorn Poop,” an edible snack with a humorous twist. I don’t have any proof that these two events are connected, but it definitely tripped my radar as odd that they happened one after another, and nothing ever came from the sales tasks. Having passed their tests, I began working with them online. It was a slow process, as there wasn’t a lot of work right out the gate, but there was a lot to learn. Their websites were many in number and often confusing. I had difficulty navigating them and almost quit trying within days of getting started. I remember crumbling back into my addictive nature one night as the wailing cries of depression came roaring back with my initial perceived failure. If I were not partially psychotic, believing the universe was guiding me to the salvation I sought, then that would have been the end of it. Many other people seemed to have given up while I was still new to working for them. If I were to guess, I would say that this was deliberate on their part in order to weed out only people like me, who were in some way desperate to be a part of the group. With only a small number of desperate people finding their way into the clutches of these people, it must be easier to control them as well. The ASC promised a new way of life for anyone seeking it. They claimed to be a planetary alliance that was helping ecovillages, nonprofits, conscious businesses, and individual change agents. They were working on a cryptocurrency and software suite that would help communities better serve the world. This was at the peak of the bitcoin bubble, where many people unfamiliar with cryptocurrencies were trying to get in on the hype. They touted a number of figures and claims which ultimately turned out to be false or otherwise misrepresentative of the truth, but in the moment I believed everything they were shoveling. It was easy for them to sell the idea and project as they were all natural sales personalities. I attended a lot of meetings, particularly with the writer’s team, and started to get to know the people behind the project. In the moment, they appeared to be down-to-Earth and relatable, but highly conscious individuals who really cared about the world and were motivated to do the work necessary to make the changes needed for the planet. In hindsight, they really only cared about money, and were playing a part to catch people like me. The leader was named Dakota, if that was his real name (I believe most of the main group had adopted a second name to hide who they really were). He was a young man claiming to have graduated high school at ten, and he founded a company known as STADA which was facilitating much if not all of the software needs of the ASC. He was brilliant, but I believe most of his brilliance was self-generated through his ability to sell himself as more than he really was. He always acted like a millionaire who was going to change the world, which made it easy for him to sell the project to people like me. The co-leader was named Lila. She was a cheerful person who always had something positive to add to the conversation. While working with her, I found this to be a powerful part of her personality. It was hard to say no to her, as she had a motherly vibe and she strategically would ask you to do things that left you feeling compelled to help her, for the good of the project. She first won me over by claiming to run a retreat center for circus skills. I only heard of this in the beginning of my journey with the group, so I believe it may have been a bogus means to shift my opinion of them. The leader of the writer’s team was named Teahna, who was beautiful and knew how to use her womanly charm to influence others. She seemed to be new to the project as well, having recently written her first book, and my time working with her online seemed to be a learning experience for both of us. I believe this was also planned, so that I would have some support learning what I was supposed to be doing on the various websites that seemed to pile up more and more as time went on. The work was easy at first. There were no assignments or anything like that. It was all pile work - as in, just grab a shovel and get paid for what you move. As a writer, I naturally gravitated to the writers team’s tasks, but I also helped with the education team and the core tasks of the group. Mostly I wrote articles and website content for them, but I also wrote fake twitter bios, social media posts, and began working on their constitution/manifesto before arriving at their headquarters. I was making good money, both in real dollars and their own cryptocurrency, Equality Keys. They claimed we could trade their currency for real money at any time, which turned out to be a lie. They often only let us exchange it at certain times at a reduced value. But, I was naive enough to believe that the numbers on my screen were real and meant I was doing good. It wasn’t long before I earned upwards of thousands of dollars worth of their currency, which was promised to rise in value as the project continued to grow and evolve. After a few weeks working with them, they began toying with a name change to Earth Nation. I believe this is a key part of their method of staying under the radar. By changing names and projects frequently, they never gather enough clout to be exposed as the charlatans that they are. They would later create a new project known as Earth Cycle, and there was a tentacle organization we got hooked into after our stay with the main group called Lovecycle. In regards to the latter, I will never forget the name Lovecycle, as that is when the bulk of bizarre and traumatic events occured. This is around the same time that my girlfriend at the time began helping out as well. We worked together as a writer and artist combo, and they were initially excited to have another person joining to help. There was some friction though, such as bluntly being told they had no need for an artist at this time after they welcomed her onboard, and there were moments where it seemed like they did not want her to be a part of the project. As they turned her and I against each other much later in our odyssey with them, I think this must have been deliberate to sow the seeds of conflict between us. Again, this is classic cult behavior. I regret bringing her into the whole thing, as she is no doubt as traumatized as I am. What really allowed me to lose myself in the hope of the project was the possibility to do exactly as I dreamed: travel with a caravan, juggle at festivals, help sell whatever my girlfriend and others made, and write gonzo journalism about what Earth Nation was doing. One of the main draws of the group was that they advertised in the meetings about how they had a proposal system, where anyone could come with their plan and it could be voted on to be given resources. They were interested in my idea (how much of that was just gaslighting me to believe I’ve found the perfect gig, I don’t know), and wanted me to do some journalism about my experiences moving to their headquarters just outside Eugene, Oregon - on the other side of the country. My girlfriend and I were ecstatic at the idea of starting a new life on the west coast. It was the dream we both shared, to abandon the broken world we knew and join something better. We began preparing for the move, sold all of our stuff, and eventually took off from the airport with only three bags to our name. It was a leap of faith, and we were never happier to embrace our dreams and begin to live a much more interesting life. Chapter 2 We left on October 25th, about a couple months after I first began working for the ASC. It was an amazing trip that we thought would represent our rebirth. I remember arriving at the airport feeling as though I was leaving a part of my past behind. I felt a wave of solemn emptiness and fear over this, but I have since learned such feelings are common with change of this magnitude. Mostly, I felt joy that a new chapter of my life was unfolding before my eyes. It was a time where it seemed like we had infinite potential right at our fingertips. Who knew what would actually go down over the coming months? We were grateful for the opportunity and happy about the change. My girlfriend even changed her name to Awen to start over fresh as a new person. I still stuck with my birth name, Gregory, but eventually I would start going by the name Rory after having been pressured to by the group. I remember looking out the window while Awen took pictures of everything we flew over. It was a trip in itself to see the world from such an angle. I was amazed at the number of wind farms in the middle of the country. Likewise, the closer we got to our destination, the more mountainous the ground beneath us became. The change in scenery would pale in comparison with the change in the culture of the west coast - one of the main reasons I now consider Portland my new home. Landing in Eugene’s airport, we were regaled with Ducks memorabilia. This was a pleasant surprise, as I had forgotten that this was where an old hero from my track days, Steve Prefontaine, used to run. This made me feel hopeful while waiting for Teahna and Prism, the leader of the educational team. I remember pacing the entrance hall of the airport with a giddy smile stretching from ear to ear. This was it, I told myself: I had finally found my new home. After a long day of airline travel, we were eventually picked up in Prism’s van. We were met with hugs and smiles, which rejuvenated us after the natural stress of the trip. We chatted the entire way back to Triangle Lake, where their headquarters supposedly was. Both Awen and I were antsy while being shaken back and forth while sitting on Prism’s bed for the duration of the drive. I distinctly remember the beautiful colors of the autumn trees as we drove past. This last little bit of our trip took roughly forty-five minutes, but it felt like we were pulling up to the headquarters in an instant. I caught a glimpse of a sign as we pulled into the long driveway: Circle of Children. This would be where we stayed for the first two months. The area was gorgeous. Giant trees covered in green moss extended as far as the eye could see. With the abundance of fern-life, it reminded me of a Jurassic paradise. Out the cracked window of the van, I could hear tree frogs chirping in harmony. It was certainly something out of another world compared to the east coast. We stopped in front of the main office - the only building with wifi. If I were to graph the amount of access to the internet we had across the ten months we were involved, it would have a steady, negative slope. Of course, while being conditioned by the group, it was barely noticed, as we grew less dependent on the internet as time went on. We were never barred from the outside world - in fact we interacted with it regularly - but the idea of leaving was made so impossibly far outside the bounds of possible choices through a long series of scripted events. Which is why the entire beginning of our stay at the Triangle Lake Convention Center seemed like something out of a fantasy paradise. Everything, from the overarching narrative we were fed, to the day-to-day interactions, was designed to win us over, gaslight us, and manipulate us emotionally by using our traumas against us. In the aftermath of the whole escapade, I learned that this is the type of manipulation that cults use to prevent members from seeing reason while keeping them docile, obedient work horses for the greater project, whatever it may be. It is clear to me now that Earth Nation and all tentacle organizations are a purely criminal enterprise - a money-making machine for those at the top of the hierarchical pyramid. Even though we were supposedly a DAO - a decentralized autonomous organization - there were clearly people who were centralized leaders profiting from everything the group did. And everybody played their roles well upon our arrival. We were greeted with another barrage of hugs as we got out of the van. Everybody was excited to finally meet us in person, as were we to meet them. We chatted with Dakota and Lila for some time outside of the office. They were the exact same as their online personas. In the moment, this gave us a sense that these people were genuine, but in hindsight it serves as a reminder that anyone can create a convincing character and play them whenever they want - even if they choose to never take their deceptive masks off. We were then shown where we would be staying. Up the hill and to the left we drove until we were in front of Carmen Hall. It was a quaint dorm-style lodging with a large common area and a small kitchenette. Many nights were spent in the common room with the others who were staying in the building. Because we were a couple, we were given the largest room with its own bathroom. That’s another thing that changed in a downward slope: our living quarters. Over the course of the ten months we were with them, we were downgraded from having our own space, to sharing space, to living in a tent. And again, because of the conditioning, we were fine with the change. Sometime during the early evening, we went back down to the dining hall and kitchen which was across the way from the main office. Here, we met a variety of characters, including Tuva, a humble appearing guy with a large social network he brought with him to the project, and Daniella, who would turn out to be mommy dearest as she was the sole woman controlling us for the majority of our adventure on the west coast. A Brazillian native, she was as good of a manipulator as she was a cook, and we all enjoyed a wonderful meal on our first night in Oregon. Before the night was up, we went behind the kitchen to smoke with a man named Grizzly; a wild looking man who mostly kept quiet but had a mouth to use if he needed it. It was the first time we smoked in Oregon and it felt liberating to finally be in a legal state. But, as freeing and fun as being able to smoke whenever we wanted, I believe the abundance of weed we were constantly fed was a means to keep us docile. Daniella always made sure we had some weed, and would frequently smoke with us. I feel I would have been able to say something as things changed if I were not dependent on the constant stream of marijuana. Afterwards, we went back to Carmen Hall with a couple of members who also stayed there, and Daniella performed a pendulum reading for me and my girlfriend. Holding a crystal on a chain, she “read” the direction it spun as she brought it up in alignment with our chakras. She was spot on and I wanted to say that she had excellent observation skills, but I kept my mouth shut. I didn’t want to offend anyone’s beliefs, especially my girlfriend who considered herself a mystic and bought into the act. That night we cuddled in our room, smiling as wide as our mouths could. We had done it - we successfully started our new lives and were going to be a part of something we still had yet to fully comprehend. Everything was new and exciting, and while we were overjoyed, we were glad we had each other because things were still scary. If only we had known then how scary things would become. Chapter 3 The next morning, we showered, dressed, and went down to the kitchen. There was a slight fog in the air, and we saw a family of deer in a clearing off the road. We would see this family of deer several times during out stay at Triangle Lake, which greatly enthused my girlfriend. She said they were a symbol of wisdom, and must be a good sign as we continued to be indoctrinated by the new age beliefs of the group. We were early, as our daily meetings were at ten and that is when most people started to show up at the office. But Grizzly was there, as he stayed at the nurses station that sat next to the main office. He offered us some dabs, which just further enforced our belief that this was a great group to be a part of. He also offered me a metal six-shooter pipe, which proved to be the main piece I would smoke out of for the entirety of our adventure. Breakfast consisted of whatever we could scrounge up. There was a huge walk-in freezer in the kitchen that hosted tons of food when we first got there. There were also a wide selection of dry foods such as figs and nuts. That whole selection would dwindle over time, as the group got everything as donations, usually by soliciting the local food pantries and the Eugene mission and much was close to their expiration dates. It was common to open the freezer and find something moldy. This was the first time I really interacted with Doran. Doran looked a lot like me - complete with similar beard and glasses - but had shorter, curlier, and darker hair. It was joked that “I was another you.” He appeared to be a really kind-hearted person, and we frequently went to him with problems. This is likely planned as well, to have someone to vent the frustrations we were experiencing as the project transitioned to something different than what we signed up for. I opened up to him before I did with other members, even asking for relationship advice as they tried turning Awen and I against each other between, and received what I now consider a long-standing act of being a good ear with standard advice from the group. Still, he was funny and I enjoyed making strange mixtures of food with him. As it neared ten, we shuffled to the office to have our meeting. The office had two rooms, and we were all huddled in a circle in one of them. This was nice during the coming months as it was also the only room with the heater. These meetings proved to be a main means to program us, as there were many exchanges that could have only been scripted. We would often talk about one thing, but there would be a subtopic that was teased that would change the meaning of the whole meeting in the context that I heard it. Often there would be some crosstalk in the kitchen beforehand, or something during the day that warped my understanding of what was said We were required to work thirty hours a week in order to receive our basic income of two hundred dollars a month, as per our agreements before moving to the headquarters. However, it wasn’t long before they duped us by saying the basic income would be used to cover our time staying at Triangle Lake. We weren’t able to fight it, because our tongues were tied by the desire to fit in and be accepted by the group. The ways that they changed things were gradual and deliberate, so that you would never really feel like you were getting taken advantage of. It was just a change, which was alright, because there was a world to save and we were the group who was going to get it done. That was one of the major ways they were able to get away with a lot of the back-pedaling of agreements - they would always have new, unexpected surprises waiting for us. It was gradual, but they introduced several new elements of communal living that required us to sacrifice more of our money and autonomy. They did this by having so-and-so nonchalantly bringing up these concerns in the meetings, then downplaying the resulting effects as something that should be expected, then agreeing with Dakota or Lila. Keeping track of my hours was a joke. For everything I did, I was told I should have taken less time in order to do. The criticism I received came tongue-in-cheek and constructive at first, but steadily devolved into a series of harsh critiques that would leave me distraught and unable to think clearly. I was still unmedicated back then, and my emotional state was as turbulent as a hurricane. They did similar things to my girlfriend, as Lila took her under her wing, treating her as her child in order to take advantage of her own trauma she had with her mother. If there was one thing these people really excelled at it is control. They figured us out quickly and efficiently and then used our traumas against us. Our second night there consisted of an informal group of the residents who stayed at Carmen Hall staring into each other’s eyes and then saying out loud what we felt at that moment. I remember staring at Daniella, who was a silhouette with the lamp directly behind her, and asking for healing. Something about the way she stared at me seemed to provoke a sense of trust and I felt that she would be able to help with a lot of the problems. That’s one way they won over us and got us to do whatever they wanted. They are experts at gaining people’s trust and then they take advantage of that fact. Through these scripted and planned events they were able to warp our realities to the point where we were already robotic slaves right off the bat. We certainly were eager to earn their approval and work our way to a position where we were seen as valuable members of the project. One of these planned events was Kukui’s birthday, which was just a few days after we got there. Kukui was a groundskeeper who had previously lived in Hawaii and was joked as being a ginger Jesus. He was an incredible person who really cared about the Earth. I have no idea if he was part of the manipulation or if he was there on similar beliefs that this was a group doing immense good in the world. Early on during the night’s preparation, Dakota and Lila walked up to us and asked if we wanted to go out to eat with them. This struck us as odd that they would abandon Kukui on his birthday, but we didn’t see it as too weird at the time. We struck up a conversation, where it was revealed that Dakota had two EBT cards from different states. One big hook they sunk into us was the idea that it was us versus the government. They managed to convince us that the institutions of the world were parasitic - which they usually are - but did it in such a way that made us feel like we were in a spiritual war against the bad boogie men of the world. And they managed this by gradually exposing us to more and more deliberate acts of defiance, in order to manifest our own sovereignty against the parasitic government. It’s what led to us accepting some of their more diabolic schemes. For instance, there was talk about building a village in Ava, Missouri, moving all their people in, and then taking over the mayorship. They chose Missouri for this plan due to the different building codes of the state. In the moment, this seemed like a brilliant plan for expanding the influence of Earth Nation, but in hindsight appears to be a dystopian means to increase their power and continue taking advantage of people. These were little seeds they planted that made us more comfortable with doing certain things that we otherwise wouldn’t. Awen was particularly uncomfortable with many of the things we did, but eventually they did get her to help out with their schemes. By keeping us under fear and gradually conditioning us, they were able to make us obedient as we were always looking out for our immediate survival. Fear. That is an emotion I am now excessively familiar with as a result of this cult. While I have battled paranoia all my life, they took those primal emotions and twisted them to the point that I had no idea which way was up. Each day gradually became a battle while being on high alert, as I constantly scrambled to overcome whatever artificial set-backs were planted in my way and keep up with the workload that was presented to me. My first exposure to this form of emotional manipulation came during Halloween. The night began jovially as Doran wore a plastic bag as a costume and invented a new dance that we all participated in. Daniella was preparing a large meal in the kitchen while we helped and played in rhythm to one another. The dinner we shared was only part of the night’s events that would change my life completely. After dinner, Awen and I went back to our room and talked about what we wanted to do that night. The rest of the group was still down at the dining hall and preparing for a fun night of festivities. Awen was not opposed to me going, but she was and still is a pagan and wanted to celebrate her ancestors as per the tradition of Samhain. I debated spending the night with her, but the opportunity to spend time with these new people in our life made me curious as to what they would be doing. I will also admit that I was much more controlled by my addictive nature and was excited to drink with them. So down I went. As I entered the dining hall, I saw that they were drinking tequila and generally having a great time. Naturally, I joined in and took a shot. Jovial times were had, and some time later I was offered another shot, but I did not see them pour this one. This turned out to be a crucial mistake on my part as I would find out that there was something else, something with psychedelic qualities, in the drink. It was not LSD, as I am familiar with the effects of that drug, so I am at a loss for what it could have been. As the night went on I began to feel funny. It wasn’t until we were in a smoke circle that I began to notice something was wrong. I had trouble forming words and when Grizzly asked me a question all I could muster was a “hi!” This tripped me up and I went inside to go sit down. This is where my memory starts to get fuzzy. I was mostly left alone as I sat cross-legged on a mat on the floor, but eventually there were three other people sitting around me, with a bottle placed in the center of us. I remember Prism and Josh, a carpenter who was doing some work on the buildings at Triangle Lake, were two of the people surrounding me, but I don’t remember any of the conversation they were having. I just remember getting really spooked at that time and tried to leave. I don’t know how long it took me to get back to Awen, but I do remember the headlights of a vehicle coming down the hill as I was going up. It was late by the time I made it back in into Carmen Hall, which suggests that I have no memory of what happened after the apparent spin-the-bottle episode. My memory starts to get better as I remember lying there with Awen trying to articulate what was going on, but my words just spiraled into incomprehensible nonsense. She was worried for me, just as I was worried for myself. The next morning continued on as if nothing ever happened, but I was emotionally jostled for the next few days. Nothing was ever said about what happened the night before, and a part of me was terrified that something happened Because my mother had AIDS, and that is a terror I still battle to this day, I obsessed over the idea that Prism, who was HIV positive, may have done something with me. I’ve since been tested and everything’s fine, but for a while I was terrified that I was raped. Was that a rational or irrational fear? I’ll never know. What I do know is that they took advantage of my perturbed state by subtly twisting the knife in the following days with their synchronous set-ups, making me feel guilty that I did not choose to spend time with Awen that night, and thus making me work harder than ever before. Chapter 4 in comments
Copied and pasted a long thread about the 2020s (part 2)
I have found a very interesting thread in a forum, I decided to copy and paste all the comments that the author of the post had made. The author posted this in 2019, the author also posted another in the past in 2018 about the same subject. But this will be about the 2019 post (part 2) I won't be sharing the link to the website because I want to protect the identity of the users since it is a mental health forum. But here is the link to part 1: https://www.reddit.com/The2020s/comments/dzpb6l/copied_and_pasted_a_long_thread_about_the_2020s/ --------------- Here we are! Today it is the year 2019, the near end of the 2010s.The 2010s was an interesting decade to say the least, internet use continued to spread like wildfire worldwide with more and more people becoming dependent on the internet. When I was a kid in the 2000s I felt like the odd one out because I was addicted to the desktop and I didn't know many other people who were addicted to computers, but today in the 2010s this seems like the new normal except now most people are carrying desktops in their own pockets (cellphones). In the 2000s politics was very moderate and there was much less polarization, now polarization is pretty much a growing trend with many people sharing very strong political believes on the internet. The internet became a political tool and metaphorically a source of political fuel in the 2010s, everyone can now share their believes on the internet and inspire a new group of followers, something that the world didn't have or realized it had until the 2010s and we are still getting used to this. In 2010 there were 6.9 billion people and 1.9 billion internet users, in 2019 there are about 7.8 billion people and about 4.5 billion internet users. Which means that internet use has increased by 237% while the world population has increased by at least 12%.By 2030 the world population is expected to reach 8.5 billion people and more than 7.5 billion people are expected to be internet users, that could very well be 90% of the worlds population. This means that the internet will truly begin to take over the world during the 2020s, it will continue to make big changes on how we will live and how we will communicate, it may become almost impossible to live in the western world without being online. Climate change is a big issue, in 2010 the global average temperature was 0.62 Celsius above 20th century average, in 2018 it was 0.79 Celsius above 20th century average. The 2018 temperatures may not seem like much but everyone who is informed about the summer of 2018 will agree that it was a very hot year, so hot that record wildfires within the arctic circle happened.By 2030 we could potentially reach 1.5 degrees Celsius of warming since pre-industrial times, again the number does not seem much but the consequences are huge. Mudslides from melting soil will turn mountains in death zones, lower food harvests and nutritional value will increase risks of starvation, loss of fresh water will result in wars over water, the Maldives will be flooded as well as Bangladesh which will cause huge mass migrations, the ice will melt even faster which are increasing sea levels, you get the idea.In the 2020s global warming will become a much bigger problem, but there is no guarantee that enough will be done to cut emissions. Developing countries such as India want nothing more than to have the same quality of life as the western world does, not much can be done to dissuade India until the country suffers greatly from global warming and the potential for growth seems impossible. As long as developing countries believe that growth is possible they will contribute massively to global emissions just as soon as the developed world begin to cut their emissions, and worse yet developing countries often have very high populations which will contribute to global warming even more than it could have done. In the 2020s there will be a new global superpower which would be decided by 2030, it is unlikely that America will remain the superpower due to its stagnant economy and the potential loss of trade partners in the near future. The most likely contenders for being the next global superpower is Russia and China, this struggle for power could potentially trigger a 2nd cold war. Global relations will change, there has been a growing loss of trust in the 2010s between nations and that trend will continue to escalate during the 2020s while new crises emerge.This loss of trust could result in balkanization in some parts of the world, particularly in ethnically diverse countries such as Papua New Guinea and Tanzania. Countries will begin to do their own thing and ignore international agreements as trust disintegrates, the Paris Agreement and the United Nations might be abandoned in the 2020s.To put it shortly, the world power will likely shift from Anglo-America to Asio-China/Russia, international co-operation and aid may regress into nationalistic autonomy, and from democracy to populism. Technologically, most breakthroughs will be related to the huge spread of the internet in some way, in other words most technological advances will be adaptations to the way we live with the internet and learning the full capability and power of it. 5g will be adopted reluctantly due to health concerns, but it will be adopted anyway at some point in the 2020s quickly and this will cause even more dramatic changes within our society. If you think our world has changed drastically so far just wait until 5g comes! By 2030 we could have fridges that are connected to the internet, many other inanimate objects would also be connected to the internet and whatever information is processed will be used to benefit companies as well as sniffing out bad behavior. Because of 5g, the 2020s may be the last decade when privacy is possible in society. Lastly, I am going to talk about generations and their role in the 2020s. Pretty much all Baby Boomers are going to retire in this decade to have their previous role as leaders replaced by Gen X, Gen Y will all be adults and will be trying to make big changes in the world, Gen Z will begin to grow into adults, there will be a new generation in the 2020s (generation beta). What do you think will happen in the 2020s? Very keen to read your thoughts about this topic!Have a good day. ------------------------- reply to user: Honestly I will never be able to answer with confidence about Brexit! I think many people in the parliament don't seem to know what to do, I think most likely Brexit will be on hold until the EU itself fails. Today the EU is already struggling to survive.How will the EU fail? When its financial situation gives European nations the incentive to leave so they can grow their economies by themselves without restrictions, the Syrian refugee crisis (5 million people) destabilized the EU to its core and it was the refugee crisis that started Brexit in the first place.Imagine what would happen to global politics if 20 million migrants went into Europe, it would certainly change a lot of things. reply to user:Religion could make a comeback in the 2020s, particularly in a scenario where climate change pushes people to turn to religion for comfort. Islam is on a sharp rise due to the fact that they have a lot of children, it will also become the biggest religion in the world in the near future, at that point most people on Earth will be Muslim.I think ISIS largely happened because of food shortages in Syria which resulted in civil war, if a similar thing happened in another vulnerable Muslim country then you can expect another wave of suicidal radicals wrecking havoc and forming another radical group.I have once predicted a similar uprising in North Africa resulting in a mass Christian migration into Europe, the number of Christian migrants could exceed 20 million. ----------------------- reply to user: Yeah the idea of the European Union has been a flawed and overly ambitious project right from the start, Europe is quite a divided continent with many countries having a strong sense of identity, trying to make Europe into one country will inevitably backfire. Without much doubt the EU will collapse, however it will live on under a different name by one or a few countries that still cling onto the vision.After EU falls there is a chance that a few more so-called unions may form, these unions may be alliances that share the same political views which could result in a polarization.Germany had a good shot at attempting to rule Europe again though, we tried it and probably won't do it again for a while. ----------------------- reply to user: Funny enough I have just very recently found out that the UK is going to have another general election, so far at the moment it looks like Labour is doing well with public approval, it is a likely possibility that Jeremy Corbyn may become the next prime minister.If Jeremy Corbyn becomes the next prime minister that would mean that Brexit will be cancelled, this could cause major polarization and unrest if there are still people who really want Brexit. Who knows what would happen if the majority of pro-Brexiteers protest in the streets because they didn't get what was promised to them? A British revolution is another real possibility. reply to user:Predicting elections will always be difficult for me because of how uncertain and at times random they all are, who would of thought that Trump would win in 2016? Would Trump win again in 2020? I mean it sounds crazy but if it happened in 2016 then it can certainly happen again in 2020. Although I do think that Trump has less of a chance of winning in 2020.A good thing to take note of is when Trump withdrew from the Paris Agreement much of America didn't follow suite, there are many American companies who still follow the Paris Agreement guidelines because they don't agree with Trump, there are many Americans who have not been implementing Trumps policies.Elections can never be predicted with 100% confidence, but Trump is more likely to lose in 2020 than 2016. ------------------------------- Thank you all for your replies, they have been smart and intuitive contributions. :-D Last night I just began researching about the 1920s out of interest (I think I might have mentioned the 1920s in the old 2020s thread). I have just started learning about the 1920s so there is a lot that I don't know about it but there are a few themes that resonates with today trends, which I will mention below.And because I am not well informed about the 1920s the below information would be hypothetical and open to speculation. The 1920s was an economically prosperous time for the Western World, but the economic prosperity abruptly ended with the Stock Market Crash in 1929 and resulted in the Great Depression in the 1930s. A very similar situation is happening today but is happening much slower and at the moment is less severe, the Stock Market Crash in 2007-2008 resulted in an economic crawl that is still persisting to this day. I have a feeling however that the full effect of the 2007-2008 economic crisis is yet to be felt in full force. Political movements such as Socialism and Fascism were on the rise in the 1920s-1930s partly because of the economic situation, those parties believed that capitalism is out of control and needs intervention to prevent the degeneration of society. The term supercapitalism was created by Fascists, it pretty much means a degenerated form of capitalism that is doing more harm than good to society. The blame of the 1929 Stock Market Crash was placed on Capitalism by both Socialists and Fascists, anti-capitalism exploded in the 1930s which resulted in far-left/far-right nations fighting one another by the end of that decade. Lets say that the next Great Depression is to start in the early 2020s, we already have a lot of young people who have a favorable view on Socialism, on some level there are many people who are blaming Capitalism for the economic crisis. Nations have already been polarizing in the 2010s, so what would happen if we enter the next Great Depression and then a massive surge of Socialism/Fascism happens straight after? The world would be in a very similar situation as the world in pre-WWII. If the 2020s Great Depression happens then Capitalism in the Western World could end, the more young people has power over America the more likely that the nation will transition into a Socialist state. Kinda ironic because in the 20th century Anglo-America fought against Socialist Russia and in the end capitalism unexpectantly won as the leading world policy, but in the 2020s Russia may abandon their socialist past and turn to capitalism as they take advantage of the new resources revealed by global warming, just as Anglo-America turns Socialist Asio-Russia will turn Capitalist (I'm not sure about China, but I'm pretty sure that India is taking the capitalist route too). The Arctic will melt a lot during the 2020s, Russia may likely claim most of the new oil reserves which will cause worldwide tension as oil will be running out, America will be stuck with the last remaining reserves of oil in Alaska and Canada which may result in poor relations between Canada and America, eventually China may have most of the oil reserves in the Middle East because I believe that the Middle East will turn to China for economic interests as America begins to lose its grip on the region. Nothing is forever, everything changes.To those who fear for the future of America I just want to say this, even if America loses influence on the world America will still cling onto their core values in their own home and I can't see America giving up on the American dream, I think that the American dream is redefined by each of its passing generations. ------------------------------ This is probably the last comment I will post in this thread so I'll be sure to write out anything else I can predict or think about the 2020s, again I may be repeating things but at this point its hard to avoid because I posted quite alot about the 2020s at this point. I definitely agree with :user: that if WW3 were to happen in the 2020s it would be similar to how WW1 started, everything was fine then suddenly everything wasn't and the world fell into further chaos resulting in a world war. Currently I believe that the 2020s will start off with a cautious optimism, the decade where Gen X and Gen Y fully realises that the world is in their hands and they will bring about changes. If I could name a main theme of the end of the 2010s I would say 'youth in protest'. A growing number of young people believe that civilization won't be there when they grow up, they see no point in taking part in a society that they believe will inevitably fail due to climate change. In the 2020s the 'youth in protest' will grow to such a degree that societal values of the 20th century will be rendered obsolete. But where does the cautious optimism comes in? I believe the optimism is the result of hope of a better future as the youth wields more power to make changes. We will likely see a big wave of new famous Gen Z's and who knows what they could contribute to this world? Today(Nov,2019) we can all sense that things are changing but what if the changes of the 2010s are volcanic rumbles compared to the eruption of the 2020s? The 2020s will likely be a social and societal fragmentation, the crossroads of a post-consumerist world. Baby Boomers are largely responsible for the world we live in today, very soon Baby Boomers will lose their power over the world and that power will be passed onto the younger generations who have different values. Most Baby Boomers favor capitalism, a growing number of younger generations favor socialism. Conspiracy theories are a growing trend, due to the upheaval of technology it has become easier to believe in conspiracy theories because what was crazy 10 years ago seems feasible today. I think if everyone starts to believe in conspiracy theories then a lack of trust would become so hard to overcome that the government would have no choice but to allow a degree of autonomy. Allowing autonomy would cause more and more lands to demand independence, most of them will be city states like Hong Kong or Singapore. I can't think of anything else, going to conclude it here.The 2020s would either be the beginning of a new era or a long-winded dying of the present post-consumerist era. The Baby Boomers will recline on their chairs and leave the whole world to Gen X and Y, Gen Z will become adults. I haven't mentioned robots but they will begin to take some of our jobs, which can possibly trigger a neo-luddite movement. WW3 hopefully won't happen, a 2nd Cold War is more likely to happen though. Hopefully there won't be an epidemic like the Spanish flu, in this case it will most likely evolve from a strain of bird flu. Climate change will trigger protests and changes, some fear that its already too late to stop global warming. Thank you for reading, lets make the 2020s as good of a decade as possible. ---------------------------------- reply to user: Yeah I've been getting a growing sense that a British Civil War might happen, last year I could not see a civil war happening but now it seems like a real possibility, today it is easy to figure out why it would happen. I bet not many people in the 17th century civil war wanted it to happen and didn't think that it would happen but you can learn what ended up happening, Charles I got beheaded and maybe Boris Johnson might meet a similar fate.Not a certainty, I can never be certain but its something worth worrying and preparing for. In the 2020s, I think the U.A.E is a possible candidate for a world power and I can see them cutting deals from America and making deals with China instead 'The enemy of my enemy is my friend.'. Imagine if America-UK runs out of energy and oil resources, in this scenario it is likely that U.A.E+China+Russia will own all the remaining deposits by then and we may have no choice but to give up a degree of independence in exchange for some of their oil and energy.Another scenario is the race for the last of the remaining resources that our society still largely depends on, the nation that has the most resources will have the most power and nations that lack those resources will form alliances with them for resources in return.We may possibly see the first super-corporations being established, a very large and powerful corporation that may be the true power behind everything and maybe even more powerful than political figureheads.Those super-corporations may become independent nations that have their own goals and projects, mostly they involve technologies for either saving our eco-systems or to control us. I have once thought about the year 2075, I imagined a huge city (at that time many countries collapsed, civilization largely being left with city-states ran by trillionaires) the city uses mind control technology to maintain order, the A.I is used to help the elites figure out the next best course of action, human clones are used for labor and war, everyone is constantly being watched due to surveillance that will be almost everywhere.The 2020s will be the start of the new world that future generations will recognized as the true 21st century, 2000-2030 will be seen as a transitional period. ------------------------ We are only 2 days away from the 2020s, I am going to post about the decade predictions to avoid the regret of not posting it before the 2010s ends. I will have a bit of closure about my 2020s threads now that I'm doing this for the last time, I might be a bit risky and do my best to make a scenario story for fun even though about half of it will be inaccurate haha, since accurately predicting the future is like trying to fly without wings. But still, some of the predictions I have thought about have already come true even before the 2020s has started, which makes it clear that the world is changing faster than we thought and will continue to increase the throttle. There is already some tension between America and China over trade, at the moment as I write this they have agreed to a truce after a trade war that not many knew about but there is tension and might escalate in the near future, if America attacks another nation again then half of the world will turn against America and will cut all trade-ties with it which would cause America to descend into chaos. In short, America could get sanctioned but other nations will be at risk of being sanctioned if they commit any future acts of aggression. There would likely be more riots and terrorism, there will likely be a much worse refugee crisis caused both by climate change and acts of aggression by ISIS or a nation. There could be more online communities that provide a source of humanitarian relief and charity, some online communities will run on bitcoin(or other forms of cryptocurrency) so that they can afford more resources to help people with.I have once predicted that there will be a mass migration of Christians from North Africa due to Islamic radicalism, well as of 2019 there already are Christians in Nigeria (North Africa!) being beheaded by ISIS so a mass migration from North Africa is very possible, in fact the whole Arab Spring and its neighbors could produce masses of migrants due to the continuous descent into chaos. Out of all the Muslim nations Turkey-Saudi Arabia-Iran-U.A.E appear to be the most stable while others are highly vulnerable, I have a good feeling about U.A.E solely because it has many long-term goals to ensure economic security so I can see them having a good influence on Iran and Saudi Arabia, U.A.E will likely make trade deals with China and China could offer U.A.E military protection thus protecting the U.A.E from Saudi Arabia and Iran since the risk of a war going on in the Persian Gulf is high.Dubai will become a more important city and will become a cultural as well as scientific center, much of its workforce would likely be desperate people from South Asia looking for work. If a new superpower enters world-stage then the West could face sanctions for acts of war against the Arab Spring, especially if the new power is disapproving towards the West, if the West is sanctioned then it will enter a long-term economic depression and could be forced to house refugees.Populism will spread as more people feel like they are living through a crisis, populist candidates appeal to people by presenting themselves as the solution to their crisis. Populism has been on the rise in the 2010s and many people believe that most populist movements have been right-wing, the most common theme of 2010s-populism are anti-immigration and America/Britain first, those populist movements have resulted in Brexit and Donald Trumps presidency.If populism continues to spread in the 2020s then we will see more and more nations implementing anti-emigration policies and we will see them turn away from globalization as they retreat into the concerns of their own nation. The European Union will decay due to countries leaving, the United Nations too will decay as countries start to defy and leave so they can do their own thing, globalization is at a big risk in the 2020s. Largely due to technology more and more people will begin to lose their jobs, and more people will lose their homes to man-made disasters. Self-driving cars will begin to render Uber Drivers and Taxi drivers obsolete, mass-production is becoming more automatic so more people who work in mass-production will lose their jobs, self-checkout machines in shops will continue to slowly render retailers obsolete. Newspapers are dead, and soon TV will be.Nations will be able to provide more resources with robots but there will be less consumers since not many people would be able to afford to buy many things, this would cause a worldwide economic crisis and we are overdue for a 1920s-style economic crash.What will the government do with all those homeless and unemployed people? Universal income will be the most likely solution but it is highly unlikely that many people would live comfortably since they will have to work very hard to survive and you'd have to be very lucky to get a job, in turn people will begin to reject the government and the system, some (hopefully many) people could turn to online communities to support one another and due to the failing economy will turn to cryptocurrency which they use to support themselves. The Sagrada Familia will finally be complete, I think it would be nice to make the wonder of Sagrada Familia the icon of the 2020s. Other projects will be completed as well such as The London Super Sewer, The Giant Magellan Telescope, The Square Kilometer Array radio telescope, a few big bridges (and a tunnel for boats in Norway) and a few new railways here and there. There will be at least a few major space achievements thanks to Elon Musk and some privatized science projects will offer few more major breakthroughs in science, the first manned mission to Mars is scheduled in the 2020s but its chance for success is low due to the many risks and dangers, space junk will become a much bigger problem and will need to be cleaned up before we will never be able to leave the Earth. The mission to Mars would likely be re-scheduled or postponed. 3D printing is expected to enter mainstream which in itself will change many things, 3D printing could even render some shops obsolete because you could print whatever stuff you want at home instead of going to a shop looking for what you want, a creator sub-culture may develop from 3D printing enthusiasts.Vertical farms are expected to be erected for the first time in cities, this trend will grow because agriculture is also expected to fail in the long-run so there is a lot of funding put into vertical farming because vertical farming could replace conventional field farming, in the 2020s however vertical farms will only generate a very small percentage of food and its produce would not be sold in mainstream shops for a while.Lab grown meat will be a new growing trend in the 2020s, but its adoption will be slow due to skepticism and lack of popularity. Will there be wars? Likely more than the 2010s.Because not much has been resolved at 2019 we can expect things to grow more tense, especially since we are all facing an impending global warming crisis and a decline of globalization. Russia and China will become more dominant and influential throughout the world, developing countries will bear the brunt of climate change while the developed countries are increasingly destabilized by the flocks of refugees flooding in, developing countries could be reduced into war-zones like Syria in the 2010s.The trade-wars between America and China could involve other world powers and it could escalate into the 2nd Cold War, with a Cold War there is always the chance of a 3rd World War looming.The west will decay as the western economy worsens, Russia and China would exploit whatever resource they can get with their new influence in a decaying world but their economic growth will be fragile too.China is threatened by the loss of fresh water once the Himalayan ice melts, much of Chinese agriculture is threatened by floods, when the Chinese eco-system fails then you can expect them to attack their neighbours or best-case scenario demand resources from their allies.Russia is threatened by the same thing that will give them economic prosperity, global warming, when the ice melts the methane would doom us all and will also release long-forgotten epidemics into our world, Russia will face a huge refugee crisis coming from the south due to water shortages so you can expect Russia to heavily enforce their borders.European politics will change drastically due to responses from refugees, if Europe refuses most refugees then it is possible that armies of angry refugees could invade Europe in the future.Africa is gaining so much but that growth will not be expected to last due to climate change, water wars reduce some areas into anarchy like Libya in the 2010s, Nigeria-Ethiopia-South Africa would likely be the most prosperous countries of the continent, the African countries that are developing would likely begin to adopt the same lifestyle as the West is living like eating fast food and being online all day long. I do not know much about South America but some parts appear to be on a verge of political change and turmoil, I do believe that they are at risk for water shortages due to melting ice in the Andes, I can't see them stopping the destruction of the Amazon so that will be ongoing. South America will grow economically but like the rest of the world it will be a highly vulnerable growth.Australia will continue to be burnt alive by wildfires, we should start seeing more and more Australians moving to colder areas such as Tasmania New Zealand and Britain. Indonesia will continue to destroy their rain-forests to make money out of palm oil, don't know what their political situation would be though but would most likely go down the capitalist path. All in all the 2020s will be a time of disruption, the pace of life will get faster and faster, fake news and deep fakes will spread, misinformation will be rife, as the internet spreads and becomes more disruptive more restrictions will be put on the internet, because we are growing more dependent on technology cyber-attacks or power-cuts could bring us back to the late 20th century, people will grow more scared and desperate and may turn to drastic courses of action if said course of action is the only solution.We are at risk of antibiotic-resistant bacteria and bird flu, obesity and depression will become a bigger burden than it already is, transgender people will be the new normal as people are now coming out as transhuman, in some parts of cities driving a car could be banned because of driverless cars replacing transportation in some city centers, cars are switching to hybrid/electricity as electric car plugs appear in many built-up areas, more and more people have had their DNA stored into a database and I can't say for sure how this data will be used. Online communities give me hope, and I hope that online communities become so rich with cryptocurrency and popular that when the decaying society that thrived in the 20th century fails we got the new online society to fall back onto and rebuild a new society from scratch instead of trying to rebuilt a society that failed us. I wish us all the best of luck. --------- reply to user: I think you are definitely right about 2020 Britain being pretty much the same as 2019 Britain except that it could get worse especially since the NHS is in the process of being privatized which sucks for me too because I am a Type 1 Diabetic, I am inclined to think that Boris Johnson will resign in the near future just to be replaced by another equally unqualified/unpopular Tory. I am going to be a bit controversial and biased but I want to blame Democracy for the situation that Britain is in right now and I want to explain why I am skeptical towards Democracy.So the idea of Democracy is to get the public to choose who becomes the leader and its down to the public to make that important choice, but many people do not want to run the country and many people do not know what is best for their country.In a Democratic society the best way to win a vote is to promise the public everything and appeal to them, you don't have to be good at politics to win and you don't have to tell people of your true intentions all you have to do is lie and be charismatic. Politicians probably hire professional psychologists to trick people into voting for them because they know how to trick the system to get them into the position that they both don't deserve or are qualified for. Its no wonder why Politicians are losing their efficiency, they do it as a job because many politicians do not need to be good at running a country to become the leader and like I said they just need to know what the people want to hear and to put on a charismatic face.I believe that running the country should be reserved for those who want to run the country and have the countries best interest at heart, it should be reserved for professionals who know what they are doing and have had years of training as well as experience. In a Democracy if you get two candidates, one is a businessman who is very charismatic but only knows about business, the other one is a ex-Sergeant who has had 20 years of experience in the administrative field but he is not as charismatic. Even though the Businessman is less qualified he will win because he is charismatic and knows how to trick people into voting for him instead of the professional, repeat this process and you'll end up with a very ineffective government or circus full of charismatic millionaires who trick and lie to the public to maintain their lofty position in society. And that is probably how Britain ended up with the government it has, people have been lied to and people don't know who is best for their country so we end up voting for the wrong people or get tricked into believing that Democracy is the best form of government.Sadly Democracy will put Britain(as well as other nations) at risk of a power hungry Populist who will present him/herself as against the present government and will use his/her charisma to appeal to us to make us believe that the Populist is the solution to all of our problems caused by the government, but once the Populist gets elected s/he will show his/her true colors and the public will soon regret their vote.This process will keep repeating itself while we have Democracy, I believe that its not working and maybe we are better off leaving our politics to the professionals elected by professionals. I also want to thank you for all the replies you posted on my 2020s posts, they have helped keeping the 2020s posts alive. Again, thank you. --------------------- reply to user: Not only that but many people are also misinformed because Democratic candidates lie and be all fake to get votes and on top that they also spread rumors about other candidates or pretty much anything so that they'll get more votes, its bad because not only many people already don't know what is best for their country but they will find it very difficult to know for sure what will be best because of all the lies and misinformation. --------------------- reply to user: Its scary that some people out there actually believe that Jeremy Corbyn is anti-semetic, its such a ridiculous and desperate accusation just to make Jeremy Corbyn look bad and lose. And its scary because if people actually believe those bogus anti-Semetic accusations then it just shows how much the media controls us all.Donald Trump is indeed right about journalists and fake news being an issue, but I think the reason why journalism is such a joke in America is because it is privatized and they are becoming desperate so that they can survive kinda like 'IT' from the Steven King novel.Capitalism and privatization can corrupt journalism because capitalism makes journalism more about money and getting attention so it degenerates into what it currently is, but Donald Trump is very capitalist, which could mean that Donald Trump is a cause of journalism gone wrong and he is getting backlash from the world he helped to create whether he knows it or not. Journalism does need to be regulated, especially now we are becoming fully aware of how powerful mass media can be. I could be blaming capitalism because of mass media and it could turn out that capitalism isn't to blame after all, but I still believe that its probably best for journalism to just focus on entertainment and to leave actual news to a more professional environment where the professionals highly focus on telling the people about unbiased truths. ------------------------------
Threshold Signature Explained— Bringing Exciting Applications with TSS
— A deep dive into threshold signature without mathematics by ARPA’s cryptographer Dr. Alex Su https://preview.redd.it/cp0wib2mk0q41.png?width=757&format=png&auto=webp&s=d42056f42fb16041bc512f10f10fed56a16dc279 Threshold signature is a distributed multi-party signature protocol that includes distributed key generation, signature, and verification algorithms. In recent years, with the rapid development of blockchain technology, signature algorithms have gained widespread attention in both academic research and real-world applications. Its properties like security, practicability, scalability, and decentralization of signature are pored through. Due to the fact that blockchain and signature are closely connected, the development of signature algorithms and the introduction of new signature paradigms will directly affect the characteristics and efficiency of blockchain networks. In addition, institutional and personal account key management requirements stimulated by distributed ledgers have also spawned many wallet applications, and this change has also affected traditional enterprises. No matter in the blockchain or traditional financial institutions, the threshold signature scheme can bring security and privacy improvement in various scenarios. As an emerging technology, threshold signatures are still under academic research and discussions, among which there are unverified security risks and practical problems. This article will start from the technical rationale and discuss about cryptography and blockchain. Then we will compare multi-party computation and threshold signature before discussing the pros and cons of different paradigms of signature. In the end, there will be a list of use cases of threshold signature. So that, the reader may quickly learn about the threshold signature. I. Cryptography in Daily Life Before introducing threshold signatures, let’s get a general understanding of cryptography. How does cryptography protect digital information? How to create an identity in the digital world? At the very beginning, people want secure storage and transmission. After one creates a key, he can use symmetric encryption to store secrets. If two people have the same key, they can achieve secure transmission between them. Like, the king encrypts a command and the general decrypts it with the corresponding key. But when two people do not have a safe channel to use, how can they create a shared key? So, the key exchange protocol came into being. Analogously, if the king issues an order to all the people in the digital world, how can everyone proves that the sentence originated from the king? As such, the digital signature protocol was invented. Both protocols are based on public key cryptography, or asymmetric cryptographic algorithms. “Tiger Rune” is a troop deployment tool used by ancient emperor’s, made of bronze or gold tokens in the shape of a tiger, split in half, half of which is given to the general and the other half is saved by the emperor. Only when two tiger amulets are combined and used at the same time, will the amulet holder get the right to dispatch troops. Symmetric and asymmetric encryption constitute the main components of modern cryptography. They both have three fixed parts: key generation, encryption, and decryption. Here, we focus on digital signature protocols. The key generation process generates a pair of associated keys: the public key and the private key. The public key is open to everyone, and the private key represents the identity and is only revealed to the owner. Whoever owns the private key has the identity represented by the key. The encryption algorithm, or signature algorithm, takes the private key as input and generate a signature on a piece of information. The decryption algorithm, or signature verification algorithm, uses public keys to verify the validity of the signature and the correctness of the information. II. Signature in the Blockchain Looking back on blockchain, it uses consensus algorithm to construct distributed books, and signature provides identity information for blockchain. All the transaction information on the blockchain is identified by the signature of the transaction initiator. The blockchain can verify the signature according to specific rules to check the transaction validity, all thanks to the immutability and verifiability of the signature. For cryptography, the blockchain is more than using signature protocol, or that the consensus algorithm based on Proof-of-Work uses a hash function. Blockchain builds an infrastructure layer of consensus and transaction through. On top of that, the novel cryptographic protocols such as secure multi-party computation, zero-knowledge proof, homomorphic encryption thrives. For example, secure multi-party computation, which is naturally adapted to distributed networks, can build secure data transfer and machine learning platforms on the blockchain. The special nature of zero-knowledge proof provides feasibility for verifiable anonymous transactions. The combination of these cutting-edge cryptographic protocols and blockchain technology will drive the development of the digital world in the next decade, leading to secure data sharing, privacy protection, or more applications now unimaginable. III. Secure Multi-party Computation and Threshold Signature After introducing how digital signature protocol affects our lives, and how to help the blockchain build identities and record transactions, we will mention secure multi-party computation (MPC), from where we can see how threshold signatures achieve decentralization. For more about MPC, please refer to our previous posts which detailed the technical background and application scenarios. MPC, by definition, is a secure computation that several participants jointly execute. Security here means that, in one computation, all participants provide their own private input, and can obtain results from the calculation. It is not possible to get any private information entered by other parties. In 1982, when Prof. Yao proposed the concept of MPC, he gave an example called the “Millionaires Problem” — two millionaires who want to know who is richer than the other without telling the true amount of assets. Specifically, the secure multiparty computation would care about the following properties:
Privacy: Any participant cannot obtain any private input of other participants, except for information that can be inferred from the computation results.
Correctness and verifiability: The computation should ensure correct execution, and the legitimacy and correctness of this process should be verifiable by participants or third parties.
Fairness or robustness: All parties involved in the calculation, if not agreed in advance, should be able to obtain the computation results at the same time or cannot obtain the results.
Supposing we use secure multi-party computation to make a digital signature in a general sense, we will proceed as follows:
Key generation phase: all future participants will be involved together to do two things: 1) each involved party generates a secret private key; 2) The public key is calculated according to the sequence of private keys.
Signature phase: Participants joining in a certain signature use their own private keys as private inputs, and the information to be signed as a public input to perform a joint signature operation to obtain a signature. In this process, the privacy of secure multi-party computing ensures the security of private keys. The correctness and robustness guarantee the unforgeability of the signature and everyone can all get signatures.
Verification phase: Use the public key corresponding to the transaction to verify the signature as traditional algorithm. There is no “secret input” during the verification, this means that the verification can be performed without multi-party computation, which will become an advantage of multi-party computation type distributed signature.
The signature protocol constructed on the idea of secure multiparty computing is the threshold signature. It should be noted that we have omitted some details, because secure multiparty computing is actually a collective name for a type of cryptographic protocol. For different security assumptions and threshold settings, there are different construction methods. Therefore, the threshold signatures of different settings will also have distinctive properties, this article will not explain each setting, but the comparative result with other signature schemes will be introduced in the next section. IV. Single Signature, Multi-Signature and Threshold Signature Besides the threshold signature, what other methods can we choose? Bitcoin at the beginning, uses single signature which allocates each account with one private key. The message signed by this key is considered legitimate. Later, in order to avoid single point of failure, or introduce account management by multiple people, Bitcoin provides a multi-signature function. Multi-signature can be simply understood as each account owner signs successively and post all signatures to the chain. Then signatures are verified in order on the chain. When certain conditions are met, the transaction is legitimate. This method achieves a multiple private keys control purpose. So, what’s the difference between multi-signature and threshold signature? Several constraints of multi-signature are:
The access structure is not flexible. If an account’s access structure is given, that is, which private keys can complete a legal signature, this structure cannot be adjusted at a later stage. For example, a participant withdraws, or a new involved party needs to change the access structure. If you must change, you need to complete the initial setup process again, which will change the public key and account address as well.
Less efficiency. The first is that the verification on chain consumes power of all nodes, and therefore requires a processing fee. The verification of multiple signatures is equivalent to multiple single signatures. The second is performance. The verification obviously takes more time.
Requirements of smart contract support and algorithm adaptation that varies from chain to chain. Because multi-sig is not naturally supported. Due to the possible vulnerabilities in smart contracts, this support is considered risky.
No anonymity, this is not able to be trivially called disadvantage or advantage, because anonymity is required for specific conditions. Anonymity here means that multi-signature directly exposes all participating signers of the transaction.
Correspondingly, the threshold signature has the following features:
The access structure is flexible. Through an additional multi-party computation, the existing private key sequence can be expanded to assign private keys to new participants. This process will not expose the old and newly generated private key, nor will it change the public key and account address.
It provides more efficiency. For the chain, the signature generated by the threshold signature is not different from a single signature, which means the following improvements : a) The verification is the same as the single signature, and needs no additional fee; b ) the information of the signer is invisible, because for other nodes, the information is decrypted with the same public key; c) No smart contract on chain is needed to provide additional support.
In addition to the above discussion, there is a distributed signature scheme supported by Shamir secret sharing. Secret sharing algorithm has a long history which is used to slice information storage and perform error correction information. From the underlying algorithm of secure computation to the error correction of the disc. This technology has always played an important role, but the main problem is that when used in a signature protocol, Shamir secret sharing needs to recover the master private key. As for multiple signatures or threshold signature, the master private key has never been reconstructed, even if it is in memory or cache. this short-term reconstruction is not tolerable for vital accounts. V. Limitations Just like other secure multi-party computation protocols, the introduction of other participants makes security model different with traditional point-to-point encrypted transmission. The problem of conspiracy and malicious participants were not taken into account in algorithms before. The behavior of physical entities cannot be restricted, and perpetrators are introduced into participating groups. Therefore, multi-party cryptographic protocols cannot obtain the security strength as before. Effort is needed to develop threshold signature applications, integrate existing infrastructure, and test the true strength of threshold signature scheme. VI. Scenarios 1. Key Management The use of threshold signature in key management system can achieve a more flexible administration, such as ARPA’s enterprise key management API. One can use the access structure to design authorization pattern for users with different priorities. In addition, for the entry of new entities, the threshold signature can quickly refresh the key. This operation can also be performed periodically to level up the difficulty of hacking multiple private keys at the same time. Finally, for the verifier, the threshold signature is not different from the traditional signature, so it is compatible with old equipments and reduces the update cost. ARPA enterprise key management modules already support Elliptic Curve Digital Signature Scheme secp256k1 and ed25519 parameters. In the future, it will be compatible with more parameters. https://preview.redd.it/c27zuuhdl0q41.png?width=757&format=png&auto=webp&s=26d46e871dadbbd4e3bea74d840e0198dec8eb1c 2. Crypto Wallet Wallets based on threshold signature are more secure because the private key doesn’t need to be rebuilt. Also, without all signatures posted publicly, anonymity can be achieved. Compared to the multi-signature, threshold signature needs less transaction fees. Similar to key management applications, the administration of digital asset accounts can also be more flexible. Furthermore, threshold signature wallet can support various blockchains that do not natively support multi-signature, which reduces the risk of smart contracts bugs.
This article describes why people need the threshold signature, and what inspiring properties it may bring. One can see that threshold signature has higher security, more flexible control, more efficient verification process. In fact, different signature technologies have different application scenarios, such as aggregate signatures not mentioned in the article, and BLS-based multi-signature. At the same time, readers are also welcomed to read more about secure multi-party computation. Secure computation is the holy grail of cryptographic protocols. It can accomplish much more than the application of threshold signatures. In the near future, secure computation will solve more specific application questions in the digital world.
Dr. Alex Su works for ARPA as the cryptography researcher. He got his Bachelor’s degree in Electronic Engineering and Ph.D. in Cryptography from Tsinghua University. Dr. Su’s research interests include multi-party computation and post-quantum cryptography implementation and acceleration.
Now reddit, it's time to do your part, let's make her day! You can find ways to her here: http://www.reddit.com/millionairemakers/comments/2q9ung/santa_is_real_thank_you_all_so_much_i_am_still_in/ At this point, Reddit, it's all up to you. Make us proud. Change the world. Prove the internet can do good. NEW ANNOUNCEMENTS: The entering period is now over Please check back for an update and a winner. And please, make your effort to donate $1 or else we may not be able to do another draw. The comments will take several hours to process and a eligible winner will be announced and will be publically verifiable, you'll also be able to see the process of picking if we solve some issues. We have some kinks to work out though, as 120,000 comments seem to be a problem with Reddit. We will give the winner about a day to respond, and they will as soon as possible, with our help set up the proper information for donating. Please remember, the chances you will get picked are very slim. This is about generosity, not winning, and it can never work without an effort from everyone. No matter who is picked, I highly encourage you to take the time to figure out how to set up a bitcoin/paypal account if you don't have one, and give $1 to the winner. It shouldn't be a lot for someone who has internet access, but it will make a humongous difference. LET'S DO THIS REDDIT! What in Odin's name is this? A month ago, a redditor posted an idea in /Showerthoughts that speculated the fact that "If a million of us picked a certain redditor and all donated just $1, we would have the power to make someone a millionaire. We are now an embodiment of that showerthought, and this is our second call to make it happen. Now how does it it work? How to enter:
Leave one (1) comment in this thread! It's that simple! However, please refrain from leaving an inappropriate post, this should be common sense.
ONE post per person in this thread. If we find more than one post by you in the thread, you WILL NOT be chosen.
Your account must be older than the /millionairemakers subreddit, with some amount of activity. Obvious throwaway accounts with very minimal activity will also not be eligible. This is all to prevent multiple entries from the same person.
How will the winner be picked and how can you donate?
After 24 hours this thread will close and the method of selection will begin.
Method TL;DR: we assign number by sorting the comments by old, so the first commenter will be 1. We then wait for a randomly generated block (a string of numbers) from Bitcoin's blockchain, the winner is the corresponding number.
The user who created the winning comment will be informed of their luck, and will provide any information necessary for the chosen payment method (mods will help set this up if needed).
The generous Reddit community donates to this lucky person, hopefully making some worthy soul a millionaire!
The lucky redditor posts a thank you within the next 24 hours, revealing to the community exactly how much was raised and thanking the community for their generosity.
Please try your best to donate a $1, no matter who wins. Every single dollar, cent, anything, really counts, so please take the effort to remember and go through with it. If you can't that's okay. However, there's only going to be one winner this contest, and if we don't succeed, there will not be another chance.
Tell your friends! The more people who participate, the better this gets for everyone! (Please don't spam other subs though. We're not trying to make any enemies here)
At this point, Reddit, it's all up to you. Make us proud. Change the world. Prove the internet can do good. Advice:
If the community doesn't like you, even if you win, nobody will donate. So don't be a jerk.
MOST IMPORTANTLY Remember, this is about generosity, about making history, and about coming together to make someone's life better. So take 3 minutes to donate a bit to the winner, whether you're well off and want to donate a few bucks, or going through tough times and can only donate a few cents. Every cent counts. One last note about legality: This is NOT a lottery. You don't have to pay to enter. Also, WE are not giving any prizes away (the moderators will never even touch your donations). As for gift taxes, according to the IRS they're generally paid by the donor, and any donation under $14,000 is not taxable. Think of what you could do with $1,000,000... You could pay off student loans, have lifesaving surgery, or even give $1 to a million people! So Reddit, thanks for sticking with us through that long post. It's finally time to change a life. Help us to the front page, so we can make history, and... LET'S MAKE A MILLIONAIRE! Edit: Wow! We've never expected to actually receive such a big response. Please remember to check back to our subreddit when the winner is picked and take your part in changing a life. Every dollar really counts! Edit 2: Thank you for the gold and bitcoin donations! I'm sorry that I don't have the time to thank you individually because my inbox is extremely busy right now, but thank you and Happy Holidays!
Lessons learned - Crypto and Divorce - In January I was a millionaire thanks to BTC, then my wife divorces me and now I have $30,000 AMA
Crossreferencing u/nanoissuperior He wrote earlier today: https://www.reddit.com/CryptoCurrency/comments/a3n6uw/in_january_i_was_a_millionaire_thanks_to_nano_now/ Title: In January I was a millionaire thanks to Nano, now I have $25,000 AMA I was replying to his post, but my reply ended up being a bit too large as a reply and steered off-topic, albeit an interesting one. So I decided to make it its own post, because there may be a good lessons to be learned and hoping some will come forward with good information to be shared. I hope it can help anyone on this sub avoid the costly mistakes that I made. Here it goes: FLAIR: LEGAL (not in the list) ---- u/nanoissuperior are you who I think you are? I won't give out any further identifying clues, but I happen to know someone in the exact same position that could have written that exact same headline. If you read the first paragraph, you'll know if you know me. The person I know bought Nano really early, based on a tip from a friend. I got in much later. By the time he told me it had already spiked to the $5 range, when I ended up buying. I then sold in the $20's so it was a good buy nonetheless. We were former colleagues at a large, large software company somewhere in the PNW, I left the company to venture out on my own and try to launch some projects I had in mind and relocated overseas for a few years. We lost contact with each other during my time away, but we connected again during the market runup and started exchanging coin information on a daily basis during the big bull run of late 2017. That was a crazy time.... the market trend was a few degrees short of vertical for pretty much all coins! Hey, guess what? Now that I think about it, I could have written that same headline myself! In January 2018 I was a Millionaire too! Not with Nano, but thanks to purchasing a good chunk of Bitcoin in 2011 at $1.20 each. I ended up a single digit millionaire with what I had left in Bitcoin around January of 2018. And, just like you, today, from all that wealth, I have about $30.000 left, with little to show for. Can we call that even? Although my disaster was not caused entirely by market fluctuation; Mine is a more complex story and I am going to mention it, because hopefully, it could serve as a lesson to be learned for any crypto holder out there, so they don't make the make mistake I made: Don't trust anyone. Always be skeptical and watch out for your own interests. Anyhow, here it goes: After 5 years overseas, I had enough and wanted to come back to the States. My wife stated her preference to stay abroad, but eventually, she conceded albeit reluctantly. We chose a small town in CO to settle, and landed in November of 2017. We had plans to settle down and considered purchasing a home with my/our new fortune, based on the market price during that period. At the same time, I was also hesitant about the inherent tax payments due caused by such large liquidation. I was trying to have to pay taxes as far away as possible. So, I decided to wait till New Year's Eve and started liquidating my crypto on January 1st, 2018 right after midnight. This way, I would have 16 months (till April, 2019) to pay any capital gains taxes, and I was confident at the time that the market would give me that for free, especially at the pace that it was going. I have been an early adopter and have since then acquired the high levels of verification and trading limits per week, with many exchanges, but for a large sum like this, I needed several separate transactions, over the course of several weeks, especially wanting to do it with a US-based exchange that was linked to a US bank accounts, to avoid overseas wire transfers, meaning more fees. (Yes, I did look at all OTC options, but for reasons not relevant to the story, I couldn't make it happen, so I had to use the traditional Exchange channels for asset liquidation). My wife and I, initially had some fundamental disagreements on the gross amount to be spent and the type of property we should be purchasing. I wanted a smaller place, with a denser, younger community, where there'd be kids our son's age for him to play. She insisted that we should go big; we had been traveling for so many years, and we had not been able to call any of our past residences our home. It was time to settle and nest; She convinced me that we should own a property of our own that we would be proud of living in for years. One that we could own outright and would not easily outgrow. We ended up splurging and purchased in cash two luxury cars for ourselves and set our sights on a large dream house in the city's Golf & Country Club, free and clear, for us and our two kids. I don't even play golf, nor do I even like it, but, if it makes her happy and it is within the safe margins of making it happen, I figured, why not? My concerns were largely financial and the numbers were adding up. It was a bit tight against my personal safe margins, but, at the same time, I was imagining to never have to make, or even have to think about, a car or home mortgage payment ever again! Bitcoin is on a roll and there is no sign of it stopping. Fine. Let's do it, before I change my mind. Now, I admit I was extremely lucky with choosing the time of when to sell the assets. I had no clue the market would take a dive in February, and so it seemed to many that I had timed the market perfectly, selling most of my coins in the first two weeks of January of 2018. Many called me a genius for selling at the very top, as if I had some sort of wisdom to know when it would drop; the truth is much less flattering; it was nothing but dumb luck, based on me wanting to pay taxes in 2018 and defer to 2019. Awesome, well done! Yeah? well, slow down, son, not so fast. So, I gather the 7-digit lumpsum in January 2018 and we write a check for the full amount at closing in February on the property of her dreams. A property that could easily be showcased on a luxury Real Estate magazine cover. Also, remember we had just moved back to the United States with just a few suitcases each from overseas. We had no furniture, kitchenware, curtains, TV's, bed sheets, winter clothing and so many other essential things that one usually purchases over time, but which we now had to purchase all at once. Not a problem, Bitcoin had dropped slightly but still well above $15k, I believe, at the time. And, earlier, in January, I had diligently taken this expense into account and effortlessly set aside a small fortune for equipping such a large house with everything we would ever need, brand new. It seemed we were protagonists of one of the Home Makeover Shows. Finally, after working day and night, prepping the house non-stop for days and when every piece of furniture had finally arrived, been unpacked and carried to its corresponding room, it seemed most of the essentials were in place and the hard work was done. I longed for pouring myself a Scotch and to finally sit down and enjoy the fruits of my labor. I head downstairs to the dedicated walk-in, cigar-humidor / wine / Scotch cellar in the basement and grab the better bottle of Whisky of the few bottles of Scotch that I had bought earlier in the week. On my way up, I remember feeling a sense of calm, combined with a glow of excitement and this undescribable profound inner peace, all at once. This was such a rare, natural, non-drug induced high that I had never experienced. It felt so good! This sense of accomplishment of achieving that one thing I had been chasing and longing for my entire life. I had expected I would be chasing this goal for the next 15-20 years, and yet, here it was. No, where I was, was even better than expected! A place where not even my parents, who still have to make their monthly mortgage payments. I had done it! With a smile from ear to ear, I take a deep breath of relief and while looking around the property, I think to myself: "It's perfect, everything is in place and I can finally call this our home. We are so lucky and we are going to live a great life. A life that few can only dream of. So many concerns will be lifted and become redundant. Everything will be better. I'll start a fire in one of our two fireplaces and I am going to begin enjoying my semi-retired life with the first sip of my drink. That will be the official start of our new life". I head over to the kitchen to get a glass and some ice cubes, while I struggle to find which one is the freezer among the many drawers in the kitchen. It was then when I notice a handwritten note placed front and center on the kitchen counter. It is from my wife and read: "There is no easy way to say this, so I am just going to say it..... I want to legally divorce [ ...]". It continued saying that she had taken our son, and had unequivocally decided to leave me. She had already filed the paperwork for divorce and that I should expect to be served in the morning. My bliss had lasted less than 5 minutes and in less than two seconds, it turned dark, somber and I saw it all crumbling down in front of me. Like a long-awaited rocket launch, years in preparation, which then unexpectedly explodes on the launch pad during the countdown. My stomach, heart and everything in my body just sank and melted into one ball of poison in my core. I felt like throwing up. I was completely blindsided; she had played the game all along, not giving me the slightest hint of what was being concocted in the background. She had already engaged with her lawyers weeks beforehand. Her mother was already in town from another state to help out with I don't know what. I had been gaslighted and was threatened by her that I needed to see a psychiatrist due to a change in my temper that I had supposedly developed - my temper was awesome: with BTC at that price? Everything was perfect! But I obeyed and went anyhow (this would later fit her story that she had to leave with the child because she feared for her safety due to my supposed temper for which I was under treatment, therefore, I must have this temper problem, see?). Also, the purchase of the overpriced home also seemed clearly premeditated: Price was the main driver of the decision making; not location, demographics, taxes, etc. It was the wrong neighborhood for us (people much older than us, retired, golfers and no kids the same age as our son to play with). Our house happened to also be the most expensive in the neighborhood. I can see it all so clearly now. See, your crypto coins on the blockchain, are not within the US court's jurisdiction (or, at least, it's quite debatable - a gray area - ask me for the seed and I can tell you that I may have the seed, or that I may not have the seed, I may have the wrong seed, I may have forgotten it, I may have lost it - you can't prove I did not forget, or lost it, etc). However, once it is in FIAT in a bank, or invested in a property, the courts can rule on the asset(s), freeze, disburse or order a sale of the property, etc. It's done all the time. Also, the coins were technically mine, and by definition private property (not to be divided during the divorce) as they were acquired before the marriage. I could not prove its origins (I bought many of them via direct messaging members on Bitcointalk.org and mining rather than exchanges, so no records, receipts or nothing to prove otherwise: the big exchanges like BitStamp and Coinbase didn't start operations till 2013, if I m not mistaken. Instead, I would talk to one of the forum members offering coins we'd agree on a price, I'd send a check to wherever the individual seller instructed me to (Russia, Bulgaria, Japan, UK. etc) and the coins would be deposited to whatever address I provided. Yes, it was quite crude at the time. However, once I converted my coins to cash and used that cash to buy a property for the benefit of the family, it became common property and thus she then had rights to a portion of it when divided between the two parties should a divorce occur - which ended up being almost 3/4 of all assets. I was robbed in broad daylight. By the one person, I trusted with my life. The one you should trust with your life. Your life partner. And while I was in complete denial, trying to bargain, I waited too long to obtain good legal representation. When I finally ended up getting a lawyer, I was quite distraught and I clearly did not do the proper research and this resulted in a less than stellar performance and detrimental to me at many key steps in the process. I had to switch legal representation right before mediation and I can't blame my new lawyer either, as (s)he did not have the required time to catch up on all the details, (s)he did his/her best, but I was ultimately strongarmed into conceding my soon-to-be-ex-wife to let her return to the house, in exchange to obtain 50% of my son's custody, with serious and strict clauses I had to abide by. So, I had to move out, find a hole in the wall in a student apartment, pay my rent and pay our kids pre-school, while she lives grandiose, without monthly payments in the country club, till the house sells, which will likely be in the spring of next year. Nice! Due to my delay, legal mishandling and somehow every other element in her favor, she inexplicably ended up with around 3/4 of the worth of all assets, free and clear, no taxes due. Mind you, she has never financially contributed, nor made a single $ during our entire marriage. She has never worked and had $0 in her pocket when we married. She didn't even have a checking account, well in her thirties. She is no dummy; she is street smart, knows how to manipulate people, get her way with flirting and charm, while I am more intellectual and book smart. and She beat me hands-down. She is walking away with a sum of, not quite 7 figures, but close. With what I am left with from the sale of the house, I am responsible to pay for all the capital gains taxes from the liquidation to the IRS, which are due in April 2019. I don't expect there to be more left over than the estimated $30k mentioned above. Hate the market all you want, I made peace with the market and am keeping busy at hating my ex for a while for putting me in the same situation. She tripped me 1 yard before the finish line and pushed me in the prickly bushes, to cross it by herself. Go figure. When I am done hating her, I'll get back to rebuilding my life again from scratch. I am not worried, I have done it before. Just pissed, I was so close and that I was so naive to not see it coming. Sorry, I am not meaning to hijack the thread, just wanted you to know that others may have lost more than just "free" money; money we didn't really have to work for. We were the lucky ones. It is what I keep telling myself to stop me from jumping off a bridge. PS - Woah: Sorry for the wall of text; I was just going to write the first paragraph and ended up venting about my current situation. I know, I should take this issue to /depressed, /exes or /whereisthenearestbridgeIcanjumpfrom. Hopefully, this can be a lesson to those holding crypto and some can learn what NOT to do. I learned the hard way and was left with nothing. Don't be a nice guy. Don't trust anyone with your crypto. Anyhow, I am sure either our vigilant subreddit bot, or one of the mods will remove my post for not adhering to rule, and if not, I am sure that you fine people will downvote me to hell. Go ahead. Take away from me the little Karma I left too! Thanks! I learned many lessons, but here are some key ones [IANAL - any crypto-educated AL opinion appreciated here, thanks] : - Understand the concept of private property - property you acquire before getting married. INAL - this depends on the state legislation, but it is hard to prove with crypto, especially if you obtained your crypto through foreign exchanges, outside of legal jurisdictions, the petitioner might not understand or willing to invest in obtaining subpoenas and requests to businesses operating overseas, as this may result costly. - Get a lawyer who understands, or is willing to understand crypto, its benefits of being somewhat unreachable and how that can work for you. Don't let them shortchange you with: "well, let's just convert the rest to cash, because that I understand" type of reasoning. - If you do go to mediation, the above applies as well. This arbitrator or mediator needs to be one that understands the intrinsic details of crypto - for example, during the ATH, I bought 6 digits worth in $USD of Stellar. I used the very first version of the software, supporting Stellar on my hardware device, and put it all in a cold storage wallet somewhere around January. I routinely checked on my coins on the blockchain and they are there. A few months later, I try to access my account and the device returns a different public address, which contains 0 funds. I am still trying to debug this issue with the manufacturer, but the fact is that I was accused of hiding these coins or negligence and was demanded that I paid half of what was lost. or not lost, out of my pocket for money that I didn't have access either. I tried to explain it in the simplest terms, there are risks involved with using first come software. There is no 1800 number, mo tech support. no CEO, no, you can't call the BBB and complain, etc and no one seemed to be able to understand, nor willing to either. It became a huge roadblock for which I had to concede, not cash, but a concession, I was not wanting to concede. The petitioner leaned on the fact that I was either wilfully cheating or stupid enough to lose the coins and managed to create enough doubt in my character and integrity and there was nothing rational I could explain that she, or anyone else in the room would understand. Perhaps mutually contracting a seasoned crypto expert that can offer a neutral view and give his/her opinion might be worth considering. Andreas, where were you when I needed you? :) - Other examples were some coins I had bought in 2012 and gifted to some of her family's kids. I was holding these, till they would turn 16 for them to pay themselves their college, or so I told them. These coins were demanded back by the petitioner. Ok, I suggested that I would send them, but with a CHECKLOCKTIMEVERIFY value with a block height of let's say,10 years from now, out of fear that she would spend the coins and the kids would never know (they are toddlers). No one understood what I was talking about, I was made out the crazy one, I gave up, sent her the coins, unlocked and, just as I expected, within 20 minutes of receiving them, she spent $1200 worth of it (for a flight, I think). If you are the only one speaking your language, no one is willing to listen or make an effort to understand you. - It appears my coins were private property, which means, that I acquired them before the marriage and in case of divorce, if I have not moved them or used them for the common good of the marriage, then they remain mine. However, I liquidated them and cash ended up in my checking account to be used to buy groceries, cars and eventually a house, and it is then that they became common property. Only once they landed in my checking account on which she is named on. It appears that had I taken proper legal precautions with documentation, or a company/trust, where that money would have gone, instead of my checking accounts, elsewhere, I would have still been able to be the legal proprietor of the resulting cash. I can't quite remember the details, but it as something that was explained to me afterward, and I honestly think I just tuned it out, because it made me sick to know I could have held on to my wealth. Perhaps a lawyer can chime in? Again, much of the lack of information and every misstep taken was because of dealing with people that are accustomed to traditional assets and will not deviate from it. Crypto is different and is treated differently. It is so important to know the strengths and weaknesses when going into litigation about something that people don't understand. - Some more I can think of, but this post is getting way out of hand in size. Feel free to comment/suggest your own and I'll add more to the comments. Credits to: u/nanoissuperior Thanks for your post, it inspired me to write this one. Anyone, any karma you feels needs to go his way, for providing the source of inspiration, please give to O-OP. TL;DR: Wife, having contributed $0 during entire marriage, waited until I cashed out all my crypto at the top of the bull market in January 2018, for a nice seven-figure amount, and then immediately divorced me for the money. Edit: added TL;DR
IamA High School drop out that had a million dollar bet with his parents that if I made a million before I'm 18. I did not have to go to college! I won! AMA!
Hello Reddit! You may have seen me at the top of /technology the other day and I got a lot of messages telling me to do an IAMA about this article on CNBC so here I am! So I made a bet with my parents that if I turned 18 and was a millionaire, my parents wouldn't force me to go to college. I’m proud to say I won that bet! Thanks to some clever investments, making money from projects, and as is the case with everyone who has any kind of success (or even failure) a little bit of luck. Here’s the story of how it happened: When I was 12 years old in May 2011, my older brother showed me this technology that I fell in love with and found fascinating. The technology was called Bitcoin. At that stage in life I had a $1000 saved up, solely a gift from my Grandma to use for my scholarship fund. It did not go to my scholarship fund. I asked my brother to help me put it into Bitcoin at $12 because I knew it would be huge in someway. At that point I had about a 100 bitcoins. I continued to do ‘day trading’ buying low and selling high over the coming years as well and reinvesting the money. Fast forward to when I was 14 in high school I was not enjoying school. I was in a small town in Idaho living on a llama farm. So the quality of the school system, was let’s say, not the highest grade. I found the classes to be boring, valuable to some people, but at least for me boring and teaching me in a way that didn’t make sense to me. Lessons that did not seem applicable in my life. My teachers would constantly criticize people in the classroom. Especially me. One teacher told me to drop out and work at McDonald's because that was all I would amount to for the rest of my life. Another would force us to read other student’s grades out to the rest of the class to shame them for failing. Another roasted me (me in particular) for the full hour of class. No teaching. It was literally the “Roast of Erik Finman”. Which now seems kind of funny actually but still very bad to do. I went to a summer program to prepare me for the next year and found the best teacher ever in my life that changed my life who was from the UK. I got an A+ in advanced physics when I got a C- in basic physics the previous year. With that knowledge. Since I didn’t have access to good teachers in my small town in Idaho. I wanted to fix it. So I learned how to code and created an educational website that would allow you to connect with Tutors/Teachers/Mentors online over video chat to teach you any subject you wanted to learn. You could search for Spanish. And find someone to teach you from Ecuador. You could type in programming and you’d find a CS college student that is trying to pay tuition by doing this on the side. Or a retired expert who is a veteran in his field that just wants to impart his knowledge onto others. It became very popular in the local community! I told my teachers about it, but they did not like it because it felt like competition. Maybe they thought they might have to do better? At this point I was 15 and this got some initial traction and I was using it to teach myself. I asked my parents to let me drop out of High School to focus on this because I was miserable in school. They agreed and were supportive, but they made a bet with me that I can drop out of High School, but I have to go to college if I don’t make a million dollars by the age 18. I agreed and I dropped out of High School to work on this. A little bit after I dropped out of High School, and I had traction with my project. Bitcoin was shooting up! It was going big! $800! $900! $1000!!!! So I sold a lot of my Bitcoins which resulted in me gaining a $100,000. I used that money to put into my business so I could hire more professional programmers and I moved to Silicon Valley. I even caught the attention of Alexis Ohanian of Reddit because his book at the time Without Their Permission is what got me started. He helped me in many ways! Fast forward to early 2015. Eventually I found a buyer for the companies code & technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. I took the lower cash value bitcoin deal because I believed it was the next big thing and an official buyout would’ve been very difficult for someone under 18 and it was good tax planning to use Bitcoin. Also continuing to do day trading on a daily basis. I used some of that money in the coming years to travel the world. Going to London, Dubai, Australia, and more! I used that to start a VR company using crowdfunding and that did well. I shipped all those out. It was incredible! Now I’m doing a satellite as part of a NASA award which is launching in November out of New Zealand! I'll probably do another post about this soon because it's so cool. Elon Musk has always been hero of mine. He's such a talented guy changing the world with Tesla and SpaceX. I'm a great admirer of his and respect him immensely. He's the closest we have yet to a real life Iron Man. But who knows maybe I'll beat him one day haha ;-) After all we stand on the shoulders of giants right? haha that's a big goal though and I say it as such. It’s been a fantastic few years! I’ve used that money to learn how to do a business, invest, and learn about the world! I didn’t do investing all the time and I used that money to build things that I thought were important! I haven’t done everything perfectly, no one has! I’ve made some humbling mistakes, but had lots of exciting successes! I’ve really launched my career in exciting ways and have met mentors that help me and advise me along the whole way! Which I’m so thankful for! I’ve learned so much outside the education system and have been so much happier. Although I’m unique, I’ve met many many people that weren’t satisfied and unhappy — ranging from students with the lowest and highest GPAs. My GPA was a 2.1 in school! And I’m happy I’m not going to College! College wasn’t for me but it was the ‘life path’ you are supposed to go on and I did not want to go nor felt it would’ve helped me too much in life — especially the $250,000 in debt! Or $249,000 with my scholarship fund if I had not used it on Bitcoin and my projects ;-) I really believe the education system needs to be reformed and I think technology is the way to do that. I think it’s wonderful how society allows you to be a ‘student’ so that you can learn for many years and that’s your full time job. The infrastructure would just ideally be much better so you could do that without being in sometimes a bad environment and crippling debt. I can say today that I own 403 bitcoins which is currently valued at $1,092,678.08 with the price per Bitcoin being at $2,711.36 plus some other money invested in other things. Can’t have all your eggs in one basket! So I won the bet! If you have any questions let me know! And if you want any advice on cryptocurrency or your own educational route, or anything else let me know! Also on reddit! People have made Pepe memes of me! I feel like I've finally made it: http://imgur.com/gallery/06dWK If you want to keep updated with everything I’m doing! Follow me on twitter! Proof: Proof of the bet: http://www.cbsnews.com/news/erik-finman-botangle-after-100k-bitcoin-score-15-year-old-creates-startup/ Travel proof: http://imgur.com/a/kvlzR Proof: I went through rigorous proof verification and fact checking with CNBC as you can see with this article. I keep my Bitcoin is super secure places spread out across multiple wallets across multiple machines. I'm so paranoid after all this media attention someone is going to steal it all! haha Proof of growing up on the llama farm: http://imgur.com/gallery/6scF5 ---- ASK me about the time the llama came into my house! Proof of the 100k initially made: http://mashable.com/2014/06/10/botangle/ Proof it's really me: http://imgur.com/a/zc3eu Edit: Wow! Thanks for the gold guys! Edit: Was on for the first few hours of the AMA and had a meeting to go to and I just came back now to see all these great questions! Questions I all have answers to! I will respond to them tomorrow as it's midnight here now. Edit: That's it for me! A lot of great questions and a lot of great feedback.