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meaning of ++ When claims of rights disagree A right is a moral construct, a sort of axiom upon which a sense of justice developed, such as Ken Schoolland has done in the previous post. There are bound to be dissenters from his idea of justice, so who is right about rights? On the R, we believe the individual is sovereign, while the state, if it is privileged to exist at all, is duty bound to provide security for the people (not itself). On the L, they believe the State is sovereign, and the individual, if he is privileged to exist at all, is duty bound to serve the State (the persons who are operatives of the State). Obviously, R and L cannot coexist in harmony. The only JUST way to resolve moral disputes is SEGREGATION. Split the people who disagree into "camps" or "campuses" of agreement so that "birds of a feather can flock together". As campuses evolve over time, some may grow and visa versa, as long as citizens have the privilege to migrate out. I call this a privilege because the destination a migrant may choose has the right to deny entry. A migrant must have the default privilege of going wherever he/she is accepted. Anything less is involuntary confinement (prison). How is the split achieved? Issue a constitution that defines the qualities of a citizen, and forcibly eject everyone who fails the definition. This is an act of (group) self-defense, so force is justified. Just a speculation, but if Reech and Leech were separated into their own segregated societies as just suggested, the Reech would prosper but the Leech would quickly run out of Reech people to plunder, as the Reech would have naturally migrated to where they are appreciated and allowed to keep their property. Since Leeches suck, they would starve. We were talking about money, and about 3 basic types: Aristotle's classic commodity money, modern token money, and fiat currency. The first 2 real, the 3rd a fraud that exists because of laws and threats. Store of Value ++ Recalling Aristotle's attribute of money, Portability, let's introduce the concept of value density to measure it, and compare, shall we? Let's compare two commodities, gold and water. Depending on circumstances, water can be far more intrinsically valuable than gold, but it is much less value dense. Our planet has oceans of it. Increased supply means diminished price. Gold is $788.86 / cm3. Water is extremely variable in price, but let's take bottled drinking water, (most likely at the top end of the price range) for example. At Sam's Club you can get 40 bottles at 16.9 oz per bottle for $3.98, and water has mass density 1 gm/cm3, which converts to $0.000207678 / cm3. Gold is 3,798,491 times more value dense than Sam's Club bottled water. Recalling Aristotle's attribute of Durability, water is very durable, but easily spoiled with impurities (a sort of corrosion). This idea of spoiling brings us to the concept of isolation, or containment. Traditionally, money is stored with at least two tools: a vault and accounting. Both need to have high integrity to safely store money. Classic money did not rely on accounting. Gold is its own accountant, its amount fixed, and whoever has it, owns it. Self-accountability is an intrinsic feature of precious commodity. However, external accounts CAN be made of gold. The accounts can represent the gold, so the accounts themselves can be used as money. These accounts are social constructs which rely on trust. Next, let us move on to modern money storage. Modern money is token, or representational, like poker chips. Since this is a social construct which relies on the trustworthiness of the ability to redeem tokens for something real, we are now in the realm of casino managements, and governments with their freakin' laws and special interests. Gov'ts are already pushing to end printed money, and force everyone to use digital fiat currency units within the existing financial services sector (privileged accountant banksta middlemen). Accounting practice keeps track of de jure ownership. Once you have that, de facto ownership loses nearly all its importance, because the tokens are not intrinsically valuable, and redemptions are made only if the de jure relationship can be established. This is where crypto-currencies, with their intrinsic (built-in) fraud-proof accountability/ provenance really start to shine. Cryptos are a classic form of money. WTF? you are thinking. Bitcoin (BTC), for example (the pioneer) is not "backed" by anything. That's assuming it's a token money. Au contraire, it's a classic type, with intrinsic value, which is its accountability. BTC provenance is recorded on a distributed ledger, called the blockchain. Now, this intrinsic value is not like the value of a precious metal. Bitcoin is privacy-secure, fraud proof, and in total control of its owner, needing no intermediate party (bank or credit card) to confirm and transfer funds. Bitcoin is self contained (on the blockchain and in your wallet) just as a gold coin is self contained. But to carry several tons of gold, you need a heavy truck. The equivalent value in Bitcoin, indeed ANY amount of Bitcoin, can be stored on a memory chip smaller than a dime. To ship a ton of gold around the world, you need a series of reliable carriers, guards, and security agents. To send any amount of Bitcoin around the world, you just do it on the Internet, takes a few seconds, perfectly secure, receipt confirmed in seconds or less; cost nearly zero. People are already familiar with credit cards and smart phone apps that make payments quick and easy. BTC is currently a little more of a technical challenge, but with all these new features, no wonder it is so popular! Cryptos are new. Bitcoin's specification was published 2009. Already, newer cryptos are being created with features similar to BTC. Now I'm going to offer you, dear reader, some ideas about future money that follow logically from BTC's example. Here we do a fast forward. Imagine the Globalist/ secret-society project for world domination is crushed. Nation states have won their independence from the Globalist unions. Continuing the trend, states have been split by a plethora of secession movements into a multitude of small territories, somewhat as it was in middle age Europe. Fiat currencies are defunct. Big banks have been broken into small banks, and most of those have gone out of business. Manipulation of commodities markets has been squelched. Inflation is no longer an official goal set by the bankstas. (Inflation is a clandestine tax which erodes value of money by increasing the supply.) A stable store of value is now the goal. The Internet has taken over many past industries and the people have come to power. Money is not issued by government, nor by international banking cartel, but there is now a large diverse competitive market of money types offered by various businesses. They are all digital crypto-currencies. They have taken on a similarity to credit cards/ smart phone/ smart watch apps. However, they have various features that serve the interests of their owners. A new feature many of these currencies have, is they pay a yield for holding them. Gold does not do that, it just sits, corrosion-free. Digital money has morphed into income-producing securities. If cryptos can be used as tokens as well as a reliable means of accounting that cuts out the middleman bankstas, whooee, money opens up a new world of opportunity for entrepreneurs to help people develop income opportunities. Bless the Internet, as the Internet blesses us! 19 Industries The Blockchain Will Disrupt 10 min. Liberty and Equality are not compatible As you can read in The Protocols of Zion (Basic Doctrine) the secret societies employ their mind control slogan "Liberty, Equality, Fraternity!" to sell the gullible masses on their class warfare agenda. Trouble is, if citizen's innate talents and efforts are able to put into storage the products of their life and liberty (Property), there are bound to be huge differences between citizens. The Zionists want to grab the stored wealth by gov't force. That is why they want a Tyranny of Democracy. They do mind control on the masses, which then mimic the tyranny wanted by the controllers. Equality "It's not dispossession - it's an expansion of equality!" ABCNews/ Uncomfortable interview w/ Jared Taylor 14 min. The conventional ideas of equality were non-existence of privileged classes (no nobility, as intended in Declaration of Independence), no special laws, justice is blind, and equality of opportunity. But nowadays, we have two more kinds of "equality," elite persons who are above the law, (like Jon Corzine (note portrait of Paul Warbrug behind him), the Clintons, and Bill Cosby) and equality of achievement (social justice) because some minority groups were mistreated in the past by our ancestors, so now we have to give them special privileges and affirmative actions. In other words, rob from the "haves" and spread the wealth to the "have nots." This government intervention displaces results from actions, ie. promotes irresponsibility; and punishes achievement, which is a bad idea regarding personnel management. This robbing of the Reech is a Leech axiom. Intro to Bitcoin Vinny Lingham 12 min. What the #?!* is Bitcoin? Jeremy Rubin 16 min. Lauren Southern speaks about Crypto-Currency 9 min. rising food prices, cooler weather, and Cryptocoins 2. min. ETHEREUM JUST EXPLODED TO $350 SGT rept. 8 min. Ethereum will pass bitcoins for #1 cryptocurrency 6 min. Is China Gaming Bitcoin? | China Uncensored 9 min. ALL Crypto Currencies HUGE DROP After Bitcoin Exchange Cyberattack 06/15/2017 10 min. Understanding the Boom in Cryptos (now in the speculation phase); Chas. H. Smith China Becomes First Country in the World to Test a National Cryptocurrency (Future Society) cryptocurrency news headlines Ever wonder how Bitcoin (and other cryptocurrencies) actually work? 26min. Cryptocurrency innovations 12 min. StackExchange, Cryptos
Here's what Michael from Snapcard had to say about bit license in a blog post just pushed out to their e-mail list. Hey everyone! There’s been a lot of talk about the Bitlicense throughout the past week and I thought it would be a good time to summarize what it is / what it means, and also give some thoughts to what it will mean for consumers and for entrepreneurs entering the digital currency space. I’ve taken the information provided here as a point of reference. It doesn’t cover every single detail, but it covers some of the main points. Feel free to add your thoughts below. There are a lot who skeptics that argue that New York’s Bitlicense creates for entrepreneurs barriers to entry (which it naturally does) but in the same token it takes away one of the real pain points for entrepreneurs (especially in the Bitcoin community) of gaining trust as being a reputable, honest, and accountable service. Right off the bat, it’s important to note that the Bitlicense isn’t relevant for all businesses touching Bitcoin (and it shouldn’t be). It’s focused to Bitcoin businesses that act as an Bitcoin exchange, digital currency payment processor, or Bitcoin wallet. Anti-Money Laundering
Maintain a detailed record of each transaction that includes the parties’ identities and physical addresses, the value and dates of the transaction, the method of payment used, and a description of the transaction Verify customers’ identities when opening customer accounts and check them against the U.S. Treasury Department’s Office of Foreign Asset Control’s Specially Designated Nationals list. Enhanced diligence would be required for accounts involving foreign entities, and accounts on behalf of foreign shell entities would be prohibited. Notify NYDFS of any transactions that might signify illegal or criminal activity and when an individual engages in transactions that exceed US$10,000 in a single day.
If you’re a registered Money Service Business, all of the above is already quite standard. Knowing the physical address is not new to identity verification procedures. While it might seem infuriating, it’s been par for the course for companies for awhile. Companies such as Bitstamp, one of the largest bitcoin exchanges, have an extremely thorough verification process. Now it’s not ideal for me as a user, but if it means that Bitstamp is going to exist and I get the same level of quality product, then it’s not a big deal from my side. I’d rather have them exist and verify my ID, knowing they’re not going to be shut down the next day, as opposed to knowing the site could go offline at any time for one reason or another. It references having a “description” of the purchase. This is a little interesting. I know that Coinbase has started doing this in their procedures and there was a little bit of kick back from the community. This isn’t Coinbase wanting to know where you’re shopping and what you’re buying for their own reasons; this is Coinbase maintaining their level of regulatory compliance. With all this being said, these are measures that worked for previous technologies. It could be time with Bitcoin to change that process, make it more efficient, and give users the privacy they seek while still maintaining some form of customer understanding. Consumer Protection
To the extent a Licensee stores virtual currency on behalf of a third party, the Licensee would have to hold virtual currency of the same type and amount as that which is owed or obligated to a third party. Maintain a bond or trust account (in U.S. dollars) for the benefit of its customers in a form and amount acceptable to NYDFS. Provide customers with a receipt for each transaction with information about the firm’s name and address, specifics of the transaction, and statements about the Licensee’s liability for non-delivery and refund policy. Disclose to consumers the material risks associated with virtual currencies, in writing, both in English “and in any other predominant language spoken by the customers of the Licensee.” Each Licensee shall be permitted to invest its retained earnings and profits in only the following high-quality, investment-grade permissible investments with maturities of up to one year and denominated in United States dollars: (1) certificates of deposit issued by financial institutions that are regulated by a United States federal or state regulatory agency; (2) money market funds; (3) state or municipal bonds; (4) United States government securities; (5) United States government agency securities
BitLicense businesses cannot invest or hold their ANY of their profit in Bitcoin, ONLY in US Dollars. It was stated that companies must only and always have USD, and are not allowed to keep profits in Bitcoin, etc. First, this means that a company based in Europe must now utilize USD at all times. This seems like it’s worded very poorly from the regulators part because then the investments they’re referring to must be ridiculously low risk… (this paragraph was a little confuding to me, I may not have gotten the correct meaning) One part of me says they’re trying to really take the life out of Bitcoin by not giving companies a chance at utilizing it completely for their operations. Another part thinks that it’s more comcerned about companies that are day-trading with Bitcoin (either profits or customer funds) and moving the market. The latter gives me some optimism that the regulators are aware of how big this will become. So when institutional level banks are really entrenched in the Bitcoin economy, it will take away their ability to move the market. Regardless, this does need a lot of clarification. It feels very rushed from the regulators standpoint. Cyber Security
Designate a qualified employee to serve as a Chief Information Security Officer responsible for implementing >a cyber security program to identify cyber risks, protect systems from unauthorized access, detect data >breaches, and respond to system breaches and unauthorized use. Conduct system penetration testing at least annually and vulnerability assessments at least quarterly.
This fair enough. Companies use this as a way to also promote their operations as being efficient and secure. Giving the company a somewhat “seal of approval” to add confidence to the consumers. Examples of this have already happened. I know for me personally, Andreas is someone who’s opinion I take extremely seriously. He’s a rockstar in the Bitcoin world! So when he gives something the tick of approval, it certainly goes very far for Entrepreneurs in the community. Perhaps we should introduce an Andreas Icon! It gets put onto websites that have been verified, do away with the Bitlicense, and consider that the tick of approval? Mentioned as a joke, but for me as a community member, that would actually mean more than a “Bitlicense” label at the moment :) But seriously, for entrepreneurs this is a good way to provide legitimacy for our users and potential users. The closest thing I’ve seen to this is CrowdCurity, who is doing great things for entrepreneurs to secure their sites in a more budget friendly way. You’ll see they’ve got a big focus on Bitcoin companies in their client list. Capital Requirements
Maintain at all times such amount of capital as NYDFS determines. The proposed rules do not set forth any specific minimum levels of capital or methods for computing required capital. Rather, the proposal would permit NYDFS to determine the required amount of capital on a case-by-case basis, after considering such factors as the Licensee’s assets and liabilities, the amount of leverage used by the firm, the liquidity position of the firm, and extent to which additional financial protection is provided for customers.
This is very similar to money transmission regulations… (Which are ridiculously messy for entrepreneurs to be honest. They vary from state to state and just provide headache after headache after headache.) For example, if I’m a money transmitter and have $150M in transactions going through my service everyday, but our cash at bank is $10,000, it provides zero margin for error in our operations and thus places more risk on consumers. It would give me a lot more confidence to give them my money as opposed to a company that doesn’t have any sort of capital reserve in the event of a problem. That’s an oversimplified example of course, but as a user, I know wallet providers/exchanges/payment processors should have this (but it should be much more clear and concise to remove the ambiguity which requires paying legal teams to help decipher it). Money Transmission Wiki Financial Reporting and Audit
Submit quarterly and annual financial statements to NYDFS. Annual statements are to be audited and submitted with an opinion of an independent certified public accountant and an evaluation by the accountant of the firm’s accounting procedures and internal controls.
This is necessary if you’re a wallet provideexchange in my opinion. Companies are already doing independent audits to promote their legitimacy. It’s good for business. As a user, as a company, everyone wins. Example. Now, does this cost money for entrepreneurs? Yes. But what would I gain from it? Well, I know that a user is going to be much more inclined to go with a well audited business, so for me, this is a business expense but it’s worth it’s weight in gold to show that we didn’t just whip up an exchange overnight, we’ve got proven legitimacy from reputable (reputable is a key word) 3rd parties. If you’re familiar with the Online Poker space, there was a day called “Black Friday" which was basically the day when Full Tilt Poker was found to actually be using their players funds for company operations/spending/employee salaries etc.. This essentially means they were depending on user deposits (or as the saying goes Robbing Peter to pay Paul) - The result of this is that US players can no longer make deposits to major online poker sites (like Pokerstars) and thus the whole online poker industry took a huge decline as the USA is so influential in it. Essentially it was like a Mt. Gox, but for poker. What that means is that if Mt. Gox were to happen in the USA, the consumer protection ramifications could really damage the potential opportunity for the mainstream adoption of Bitcoin. I know that no matter what, Bitcoin will still exist. However, if credit card processors and all banks never allow any form of deposits into Coinbase/Circle etc., the adoption of Bitcoin will be slowed down in the US. Adoption in the US isn’t where the real benefit for this currency is, but it still provides a lot of influence for the development of infrastructure. Meaning if it’s a new hot property in the US, then you increase investor interest. If investor interest increases, then the entrepreneur interest increases. If entrepreneurial interest increases, more products hit the market. This leads to awesome people building awesome things that can be used globally and helps create an infrastructure for it to grow faster and faster. I feel like I’ve been rambling, and if you got this far, thanks for reading my thoughts! In summary, I think the NYC Bitlicense offers legitimacy for everyday users and help hold companies accountable. It also can be looked at as a business investment for entrepreneurs, not just a drain on resources. It shouldn’t be relevant to all Bitcoin businesses. The proposed regulations seem very rushed and require a lot more thought in order to help Bitcoin keep the things that are awesome about it. Regulators gonna regulate. Thanks for reading! Michael. Source: http://snapcard.cmail1.com/t/d-l-egujy-vuimjdt-
Are bitcoin robots scam or legit? And if so, which ones are trustworthy, and which ones should you avoid at all costs? In this guide, we list the legit bots for 2020 and explain how to sign up ... Rob's Vegas and Poker Blog. California, United States About Blog A blog about poker and fun things that happen in Vegas. Frequency 3 posts / monthAlso in Las Vegas Blogs Blog robvegaspoker.blogspot.com Facebook fans 64 ⋅ Twitter followers 2.1K ⋅ Instagram Followers 65 ⋅ Social Engagement 3 ⋅ Domain Authority 22 ⋅ Alexa Rank 7.5M View Latest Posts ⋅ Get Email Contact. 46. Poker ... CoinPoker Ambassador Robert Campbell or Rob has he prefers it, is a well-known and highly successful poker player. Amongst his successes, we find WSOP Player of the Year 2019, a title he received after winning two bracelets that year. The first came in event #33, a $1,500 Limit 2-7 Lowball Triple. The second one came in the $10,000 Seven Card Stud Hi-Lo 8 or better, event #67. Outside of poker ... 12/4: Rob Wong and Chris Tessaro are accompanied by World Poker Tour tournament director Matt Savage to recap the WPT Montreal. Greg Raymer, poker pro, also joins The Poker Show to talk about his recent hot operated with Bitcoin Victory Reviews Mining the Heartland Poker Concerts. [Visit Website] [Download MP3]. CoinPoker Ambassador Robert Campbell or Rob has he prefers it, is a well-known and highly successful poker player. Amongst his successes, we find WSOP Player of the Year 2019, a title he received after winning two bracelets that year. The first came in event #33, a $1,500 Limit 2-7 Lowball Triple. The second one came in the $10,000 Seven Card Stud Hi-Lo 8 or better, event #67. Outside of poker ...
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