FEIF - Passion for the Icelandic Horse > Service ...

A short list of things that have happened since the Washington Wizards hired Ernie Grunfeld as General Manager and President of Basketball Operations:

June 30, 2003: Ernie Grunfeld is hired as Wizards GM
October 29, 2003: Lebron James makes his NBA debut
December 13, 2003: Former Iraqi President Saddam Hussein is captured by the United States Army
January 8, 2004: "The Apprentice," a reality show hosted by real estate developer Donald Trump, begins its first season
February 10, 2004: Kanye West's debut album "The College Dropout" is released
October 3, 2004: The Boston Red Sox win their first championship since 1918
January 19, 2006: NASA launches its first space mission to Pluto in the form of the spaceship New Horizons
October 9, 2006: North Korea claims to have conducted its first ever nuclear test.
June 29, 2007: Apple releases the first iPhone
July 6, 2008: Gilbert Arenas signs a six-year, $111 million deal with the Washington Wizards
November 21, 2008; A writer under the pseudonym Satoshi Nakamoto publishes "Bitcoin: A Peer-to-Peer Electronic Cash System," proposing a new digital currency
September 24, 2010: Andray Blatche signs a $35 million extension with the Washington Wizards
December 17, 2010: Mohamed Bouazizi, a street vendor in Tunisia, sets himself on fire in protest of harrassment by local government officials, catalyzing what becomes known as the Arab Spring.
May 2, 2011: Osama bin Laden is assassinated in Pakistan by the United States Navy Special Warfare Development Group
December 27, 2011: Before the Washington Wizards' first game of the 2011-2 season, Andray Blatche introduces himself to fans as a team captain
December 27, 2011: After the Washington Wizards' first game of the 2011-2 season, Andray Blatche complains about his role in the team's offense and demands more post touches
July 17, 2012: Andray Blatche is waived under the amnesty provision of the NBA's 2011 Collective Bargaining Agreement
June 6, 2013: Former CIA contractor Edward Snowden leaks massive amounts of information about American surveillance activities to members of the media.
July 14, 2015 New Horizons reaches Pluto
November 2, 2016: The Chicago Cubs win the World Series for the first time since 1908
November 8, 2016: Donald Trump is elected President of the United States
February 4, 2018: The Philadephia Eagles win the Super Bowl for the first time ever
TBD: The Washington Wizards win 50 games
TBD: The Washington Wizards make the eastern conference finals
submitted by MFARENAS to nba [link] [comments]

Success to the Successful (or: why the moon is not far enough)

Someone today asked me to sum up the difference between Dash and Monero, since the price of both is rising rapidly right now. I found myself referring to a simple but useful model on growth and competition, which comes from outside the field of cryptocurrency. I will take this model, and try to explain a subtle but powerful feature of Dash that is often overlooked.
A defining feature of Dash is its treasury system. Each month, 10% of the block reward is set aside as a budget for development activities. This includes – among other things – software development, project management, the DASH: Detailed show, hardware integrations, and conference expenses.
There are two key properties of the treasury payments: first, they are voted on by masternode operators, large stakeholders with a financial incentive to allocate the budget wisely; and second, they are made in DASH, and so the more valuable DASH is, the more this stream of money can pay for. If masternode operators vote wisely, they increase the usefulness, demand for, and hence price of DASH. They will then find in future that they have an even more valuable budget stream to allocate. This in turn pays for Dash to improve further, and so a loop is formed, where the more successful Dash becomes today, the more potential it has to be successful in future.
This structure is not new. In fact, it is so widely recurring it has a name: Success to the Successful. Some other examples from this linked page are:
When a research team wins a grant, that team is more likely to succeed, and be able to obtain future grants.
When a sports team wins the championship, the inflow of media attention, revenues, and respect enables this team to continue investing in great players.
When a person begins prioritizing work over home life, it can become easier to get sucked into work as new opportunities open up and bosses recognize the hard work.
(Success to the Successful can have both positive and negative consequences, depending on how much of and what part of the system you want to consider.)
You can see how it works dynamically between two competing systems in this interactive model by Gene Bellinger on the Insight Maker website. Note that the structure of this is different from Dash vs Monero (or Bitcoin), because the two loops are not equal. The DASH price rising doesn't just make existing holders wealthier and attract new people to the gold rush, it necessarily and directly pays for future development of core features – under the assumptions that the masternode operators vote wisely and that the funded activities proceed as planned. (Note that while wise masternode voting helps increase the development budget, anything that causes the DASH price to rise also increases the development budget. Even people hedging out of BTC by buying DASH purely at random will also grow the Dash treasury.)
There is an important proviso to all this. In a finite world, every form of exponential growth will meet a limiting factor. Animals that breed too successfully exhaust the food in their environment. Extracting oil helps build machines to extract more oil, but this just makes the oil run out faster. A new fashion will attract more followers who attract yet more followers, until it becomes mainstream and is no longer new and cool – and either goes the way of jeans, or the way of bell bottoms.
Running an organisation is a complex problem in itself, and one that is not solved simply by throwing more money at it. Microsoft failed utterly to take a share of the music player market from Apple, but it was in no way due to lack of money. I've seen myself in some detail the results of a startup that was initially wildly successful and profitable, but made a bad decision on how to structure itself, and then tried to solve every subsequent problem by hiring more managers. (If this had a name, it would be Failure to the Failing.) Whether by accident or by infiltration, Dash may find itself making mistakes that mean success does not come as smoothly as the SttS model predicts. Like every model, it is simple, elegant, and wrong – but hopefully it is still useful in some way. In fact, Dash will makes mistakes: nobody has ever created a global, decentralised, self-funding DAO before, and it is simply impossibly to build something so complex for the first time without making mistakes (the mistakes are what teach you what not to do). The test of the treasury is whether it will spot and correct these mistakes faster than the competitors.
People who only do technical trading, people who trade based only on the charts from (for example) CoinMarketCap, might currently be looking at the price movements and thinking that Bitcoin, Dash, Ethereum and Monero and so on are doing similarly well. But these charts hide a key structural difference, that the price rise of DASH has relatively increased its ability to develop its network much more than the others. What would it look like, if instead of a table of price charts, we had a table of treasury fund charts? One of them would look very different from the others.
It's become a catchphrase that Bitcoin is going "to the moon". Well, right now Bitcoin development has all but stopped while people argue over whether to build a tiny, high speed, two-seater shuttle, or a huge slow carrier cable of transporting millions. Large BTC holders are having to reach into their own pockets to fund and develop something that will be usable as digital cash, a situation that is sustainable only if it can launch before they run out of money. Dash, meanwhile, took Bitcoin's shuttle prototype, collected money from investors to build a satellite navigation network (masternodes), added boosters (instant transactions), and a cloaking device (decentralised mixing) – and is now building a network of accessible spaceports so that people without an engineering degree can get on and off (Evolution). Thanks to its treasury system, Dash is transitioning from its bootstrapping phase and becoming a viable organisation, and it is doing so much more economically than many Silicon Valley startups.
I think the space race metaphor for cryptocurrencies still works, but maybe it would benefit from a little revision. Bitcoin is somewhat like NASA, with a big head start but a relatively fixed budget; Dash is more like Virgin Galactic, a younger and smaller but ultimately self-funding private venture. I like what Sid Meier did with the Civilization games: the goal he set was not to get to the moon, it was to get to Alpha Centauri. If we are speaking metaphorically, I don't think that would be a bad target for Dash either. It needs to set itself apart.
Success to the Successful works exponentially, but is subject to random events early on, and exponential growth starts slowly – so it's impossible to say if Dash will even get into low Earth orbit. However, when exponential growth kicks in, it kicks in fast – witness the growth of the web. Dash is unique among the top cryptos to have this reinforcing loop designed in. 2016 saw the price of DASH, and hence the development budget, triple. What will it mean if that happens again, in 2017?
EDIT: I've just spotted that itscrazybro beat me by 10 hours or so by pointing out the reinforcing effect of the recent price rise in this post:
It's an amazing positive feedback loop, thanks Evan for the brilliant concept!
I've only had one eye on Reddit over the holidays, and I wrote this first thing after a coffee this morning without catching up on the news. So props to itscrazybro for highlighting this important change first, and also for calculating that the treasury budget is currently 1.45M USD/year. That is a lot of money!
submitted by ashmoran to dashpay [link] [comments]

The wilkelvoss are trying to make bitcoin legit according to esquire magazine

Every idea needs a face, even if the faces are illusory simplifications. The country you get is the president you get. The Yankees you get is the shortstop you get. Apple needed Jobs. ISIS needs al-Baghdadi. The moon shot belongs to Bezos. There's nothing under the Facebook sun that doesn't come back to Zuckerberg.
But there is, as yet, no face behind the bitcoin curtain. It's the currency you've heard about but haven't been able to understand. Still to this day nobody knows who created it. For most people, it has something to do with programmable cash and algorithms and the deep space of mathematics, but it also has something to do with heroin and barbiturates and the sex trade and bankruptcies, too. It has no face because it doesn't seem tangible or real. We might align it with an anarchist's riot mask or a highly conceptualized question mark, but those images truncate its reality. Certain economists say it's as important as the birth of the Internet, that it's like discovering ice. Others are sure that it's doomed to melt. In the political sphere, it is the darling of the cypherpunks and libertarians. When they're not busy ignoring it, it scares the living shit out of the big banks and credit-card companies.
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It sparked to life in 2008—when all the financial world prepared for itself the articulate noose—and it knocked on the door like some inconvenient relative arriving at the dinner party in muddy shoes and a knit hat. Fierce ideological battles are currently being waged among the people who own and shepherd the currency. Some shout, Ponzi scheme. Some shout, Gold dust. Bitcoin alone is worth billions of dollars, but the computational structure behind it—its blockchain and its sidechains—could become the absolute underpinning of the world's financial structure for decades to come.
What bitcoin has needed for years is a face to legitimize it, sanitize it, make it palpable to all the naysayers. But it has no Larry Ellison, no Elon Musk, no noticeable visionaries either with or without the truth. There's a lot of ideology at stake. A lot of principle and dogma and creed. And an awful lot of cash, too.
At 6:00 on a Wednesday winter morning, three months after launching Gemini, their bitcoin exchange, Tyler and Cameron Winklevoss step out onto Broadway in New York, wearing the same make of sneakers, the same type of shorts, their baseball caps turned backward. They don't quite fall into the absolute caricature of twindom: They wear different-colored tops. Still, it's difficult to tell them apart, where Tyler ends and Cameron begins. Their faces are sculpted from another era, as if they had stepped from the ruin of one of Gatsby's parties. Their eyes are quick and seldom land on anything for long. Now thirty-four, there is something boyishly earnest about them as they jog down Prince Street, braiding in and out of each other, taking turns talking, as if they were working in shifts, drafting off each other.
Forget, for a moment, the four things the Winklevosses are most known for: suing Mark Zuckerberg, their portrayal in The Social Network, rowing in the Beijing Olympics, and their overwhelming public twinness. Because the Winklevoss brothers are betting just about everything—including their past—on a fifth thing: They want to shake the soul of money out.
At the deep end of their lives, they are athletes. Rowers. Full stop. And the thing about rowing—which might also be the thing about bitcoin—is that it's just about impossible to get your brain around its complexity. Everyone thinks you're going to a picnic. They have this notion you're out catching butterflies. They might ask you if you've got your little boater's hat ready. But it's not like that at all. You're fifteen years old. You rise in the dark. You drag your carcass along the railroad tracks before dawn. The boathouse keys are cold to the touch. You undo the ropes. You carry a shell down to the river. The carbon fiber rips at your hands. You place the boat in the water. You slip the oars in the locks. You wait for your coach. Nothing more than a thumb of light in the sky. It's still cold and the river stinks. That heron hasn't moved since yesterday. You hear Coach's voice before you see him. On you go, lads. You start at a dead sprint. The left rib's a little sore, but you don't say a thing. You are all power and no weight. The first push-to-pull in the water is a ripping surprise. From the legs first. Through the whole body. The arc. Atomic balance. A calm waiting for the burst. Your chest burns, your thighs scald, your brain blanks. It feels as if your rib cage might shatter. You are stillness exploding. You catch the water almost without breaking the surface. Coach says something about the pole vault. You like him. You really do. That brogue of his. Lads this, lads that. Fire. Stamina. Pain. After two dozen strokes, it already feels like you're hitting the wall. All that glycogen gone. Nobody knows. Nobody. They can't even pronounce it. Rowing. Ro-wing. Roh-ing. You push again, then pull. You feel as if you are breaking branch after branch off the bottom of your feet. You don't rock. You don't jolt. Keep it steady. Left, right, left, right. The heron stays still. This river. You see it every day. Nothing behind you. Everything in front. You cross the line. You know the exact tree. Your chest explodes. Your knees are trembling. This is the way the world will end, not with a whimper but a bang. You lean over the side of the boat. Up it comes, the breakfast you almost didn't have. A sign of respect to the river. You lay back. Ah, blue sky. Some cloud. Some gray. Do it again, lads. Yes, sir. You row so hard you puke it up once more. And here comes the heron, it's moving now, over the water, here it comes, look at that thing glide.
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The Winklevoss twins in the men's pair final during the 2008 Beijing Olympic Games. GETTY There's plenty of gin and beer and whiskey in the Harrison Room in downtown Manhattan, but the Winklevoss brothers sip Coca-Cola. The room, one of many in the newly renovated Pier A restaurant, is all mahogany and lamplight. It is, in essence, a floating bar, jutting four hundred feet out into the Hudson River. From the window you can see the Statue of Liberty. It feels entirely like their sort of room, a Jazz Age expectation hovering around their initial appearance—tall, imposing, the hair mannered, the collars of their shirts slightly tilted—but then they just slide into their seats, tentative, polite, even introverted.
They came here by subway early on a Friday evening, and they lean back in their seats, a little wary, their eyes busy—as if they want to look beyond the rehearsal of their words.
They had the curse of privilege, but, as they're keen to note, a curse that was earned. Their father worked to pay his way at a tiny college in backwoods Pennsylvania coal country. He escaped the small mining town and made it all the way to a professorship at Wharton. He founded his own company and eventually created the comfortable upper-middle-class family that came with it. They were raised in Greenwich, Connecticut, the most housebroken town on the planet. They might have looked like the others in their ZIP code, and dressed like them, spoke like them, but they didn't quite feel like them. Some nagging feeling—close to anger, close to fear—lodged itself beneath their shoulders, not quite a chip but an ache. They wanted Harvard but weren't quite sure what could get them there. "You have to be basically the best in the world at something if you're coming from Greenwich," says Tyler. "Otherwise it's like, great, you have a 1600 SAT, you and ten thousand others, so what?"
The rowing was a means to an end, but there was also something about the boat that they felt allowed another balance between them. They pulled their way through high school, Cameron on the port-side oar, Tyler on the starboard. They got to Harvard. The Square was theirs. They rowed their way to the national championships—twice. They went to Oxford. They competed in the Beijing Olympics. They sucked up the smog. They came in sixth place. The cameras loved them. Girls, too. They were so American, sandy-haired, blue-eyed, they could have been cast in a John Cougar Mellencamp song.
It might all have been so clean-cut and whitebread except for the fact that—at one of the turns in the river—they got involved in the most public brawl in the whole of the Internet's nascent history.
They don't talk about it much anymore, but they know that it still defines them, not so much in their own minds but in the minds of others. The story seems simple on one level, but nothing is ever simple, not even simplification. Theirs was the original idea for the first social network, Harvard Connection. They hired Mark Zuckerberg to build it. Instead he went off and created Facebook. They sued him. They settled for $65 million. It was a world of public spats and private anguish. Rumors and recriminations. A few years later, dusty old pre-Facebook text messages were leaked online by Silicon Alley Insider: "Yeah, I'm going to fuck them," wrote Zuckerberg to a friend. "Probably in the ear." The twins got their money, but then they believed they were duped again by an unfairly low evaluation of their stock. They began a second round of lawsuits for $180 million. There was even talk about the Supreme Court. It reeked of opportunism. But they wouldn't let it go. In interviews, they came across as insolent and splenetic, tossing their rattles out of the pram. It wasn't about the money, they said at the time, it was about fairness, reality, justice. Most people thought it was about some further agile fuckery, this time in Zuckerberg's ear.
There are many ways to tell the story, but perhaps the most penetrating version is that they weren't screwed so much by Zuckerberg as they were by their eventual portrayal in the film version of their lives. They appeared querulous and sulky, exactly the type of characters that America, peeling off the third-degree burns of the great recession, needed to hate. While the rest of the country worried about mounting debt and vanishing jobs, they were out there drinking champagne from, at the very least, Manolo stilettos. The truth would never get in the way of a good story. In Aaron Sorkin's world, and on just about every Web site, the blueblood trust-fund boys got what was coming to them. And the best thing now was for them to take their Facebook money and turn the corner, quickly, away, down toward whatever river would whisk them away.
Armie Hammer brilliantly portrayed them as the bluest of bloods in The Social Network. When the twins are questioned about those times now, they lean back a little in their seats, as if they've just lost a long race, a little perplexed that they came off as the victims of Hollywood's ability to throw an image, while the whole rip-roaring regatta still goes on behind them. "They put us in a box," says Cameron, "caricatured to a point where we didn't really exist." He glances around the bar, drums his finger against the glass. "That's fair enough. I understand that impulse." They smart a little when they hear Zuckerberg's name. "I don't think Mark liked being called an asshole," says Tyler, with a flick of bluster in his eyes, but then he catches himself. "You know, maybe Mark doesn't care. He's a bit of a statesman now, out there connecting the world. I have nothing against him. He's a smart guy."
These are men who've been taught, or have finally taught themselves, to tell their story rather than be told by it. But underneath the calm—just like underneath the boat—one can sense the churn.
They say the word—ath-letes—as if it were a country where pain is the passport. One of the things the brothers mention over and over again is that you can spontaneously crack a rib while rowing, just from the sheer exertion of the muscles hauling on the rib cage.
Along came bitcoin.
At its most elemental, bitcoin is a virtual currency. It's the sort of thing a five-year-old can understand—It's just e-cash, Mom—until he reaches eighteen and he begins to question the deep future of what money really means. It is a currency without government. It doesn't need a banker. It doesn't need a bank. It doesn't even need a brick to be built upon. Its supporters say that it bypasses the Man. It is less than a decade old and it has already come through its own Wild West, a story rooted in uncharted digital territory, up from the dust, an evening redness in the arithmetical West.
These are men who've been taught, or have finally taught themselves, to tell their story rather than be told by it. Bitcoin appeared in 2008—westward ho!—a little dot on the horizon of the Internet. It was the brainchild of a computer scientist named Satoshi Nakamoto. The first sting in the tale is that—to this very day—nobody knows who Nakamoto is, where he lives, or how much of his own invention he actually owns. He could be Californian, he could be Australian, he could even be a European conglomerate, but it doesn't really matter, since what he created was a cryptographic system that is borderless and supposedly unbreakable.
In the beginning the currency was ridiculed and scorned. It was money created from ones and zeros. You either bought it or you had to "mine" for it. If you were mining, your computer was your shovel. Any nerd could do it. You keyed your way in. By using your computer to help check and confirm the bitcoin transactions of others, you made coin. Everyone in this together. The computer heated up and mined, down down down, into the mathematical ground, lifting up numbers, making and breaking camp every hour or so until you had your saddlebags full of virtual coin. It all seemed a bit of a lark at first. No sheriff, no deputy, no central bank. The only saloon was a geeky chat room where a few dozen bitcoiners gathered to chew data.
Lest we forget, money was filthy in 2008.
The collapse was coming. The banks were shorting out. The real estate market was a confederacy of dunces. Bernie Madoff's shadow loomed. Occupy was on the horizon. And all those Wall Street yahoos were beginning to squirm.
Along came bitcoin like some Jesse James of the financial imagination. It was the biggest disruption of money since coins. Here was an idea that could revolutionize the financial world. A communal articulation of a new era. Fuck American Express. Fuck Western Union. Fuck Visa. Fuck the Fed. Fuck the Treasury. Fuck the deregulated thievery of the twenty-first century.
To the earliest settlers, bitcoin suggested a moral way out. It was a money created from the ground up, a currency of the people, by the people, for the people, with all government control extinguished. It was built on a solid base of blockchain technology where everyone participated in the protection of the code. It attracted anarchists, libertarians, whistle-blowers, cypherpunks, economists, extropians, geeks, upstairs, downstairs, left-wing, right-wing. Sure, it could be used by businesses and corporations, but it could also be used by poor people and immigrants to send money home, instantly, honestly, anonymously, without charge, with a click of the keyboard. Everyone in the world had access to your transaction, but nobody had to know your name. It bypassed the suits. All you needed to move money was a phone or a computer. It was freedom of economic action, a sort of anarchy at its democratic best, no rulers, just rules.
Bitcoin, to the original explorers, was a safe pass through the government-occupied valleys: Those assholes were up there in the hills, but they didn't have any scopes on their rifles, and besides, bitcoin went through in communal wagons at night.
Ordinary punters took a shot. Businesses, too. You could buy silk ties in Paris without any extra bank charges. You could protect your money in Buenos Aires without fear of a government grab.
The Winklevoss twins leave the U.S. Court of Appeals in 2011, after appearing in court to ask that the previous settlement case against Facebook be voided. GETTY But freedom can corrupt as surely as power. It was soon the currency that paid for everything illegal under the sun, the go-to money of the darknet. The westward ho! became the outlaw territory of Silk Road and beyond. Heroin through the mail. Cocaine at your doorstep. Child porn at a click. What better way for terrorists to ship money across the world than through a network of anonymous computers? Hezbollah, the Taliban, the Mexican cartels. In Central America, kidnappers began demanding ransom in bitcoin—there was no need for the cash to be stashed under a park bench anymore. Now everything could travel down the wire. Grab, gag, and collect. Uranium could be paid for in bitcoin. People, too. The sex trade was turned on: It was a perfect currency for Madame X. For the online gambling sites, bitcoin was pure jackpot.
For a while, things got very shady indeed. Over a couple years, the rate pinballed between $10 and $1,200 per bitcoin, causing massive waves and troughs of online panic and greed. (In recent times, it has begun to stabilize between $350 and $450.) In 2014, it was revealed that hackers had gotten into the hot wallet of Mt. Gox, a bitcoin exchange based in Tokyo. A total of 850,000 coins were "lost," at an estimated value of almost half a billion dollars. The founder of Silk Road, Ross William Ulbricht (known as "Dread Pirate Roberts"), got himself a four-by-six room in a federal penitentiary for life, not to mention pending charges for murder-for-hire in Maryland.
Everyone thought that bitcoin was the problem. The fact of the matter was, as it so often is, human nature was the problem. Money means desire. Desire means temptation. Temptation means that people get hurt.
During the first Gold Rush in the late 1840s, the belief was that all you needed was a pan and a decent pair of boots and a good dose of nerve and you could go out and make yourself a riverbed millionaire. Even Jack London later fell for the lure of it alongside thousands of others: the western test of manhood and the promise of wealth. What they soon found out was that a single egg could cost twenty-five of today's dollars, a pound of coffee went for a hundred, and a night in a whorehouse could set you back $6,000.
A few miners hit pay dirt, but what most ended up with for their troubles was a busted body and a nasty dose of syphilis.
The gold was discovered on the property of John Sutter in Sacramento, but the one who made the real cash was a neighboring merchant, Samuel Brannan. When Brannan heard the news of the gold nuggets, he bought up all the pickaxes and shovels he could find, filled a quinine bottle with gold dust, and went to San Francisco. Word went around like a prayer in a flash flood: gold gold gold. Brannan didn't wildcat for gold himself, but at the peak of the rush he was flogging $5,000 worth of shovels a day—that's $155,000 today—and went on to become the wealthiest man in California, alongside the Wells Fargo crew, Levi Strauss, and the Studebaker family, who sold wheelbarrows.
If you comb back through the Winklevoss family, you will find a great-grandfather and a great-great-grandfather who knew a thing or two about digging: They worked side by side in the coal mines of Pennsylvania. They didn't go west and they didn't get rich, but maybe the lesson became part of their DNA: Sometimes it's the man who sells the shovels who ends up hitting gold.
Like it or not—and many people don't like it—the Winklevoss brothers are shaping up to be the Samuel Brannans of the bitcoin world.
Nine months after being portrayed in The Social Network, the Winklevoss twins were back out on the water at the World Rowing Cup. CHRISTOPHER LEE/GETTY They heard about it first poolside in Ibiza, Spain. Later it would play into the idea of ease and privilege: umbrella drinks and girls in bikinis. But if the creation myth was going to be flippant, the talk was serious. "I'd say we were cautious, but we were definitely intrigued," says Cameron. They went back home to New York and began to read. There was something about it that got under their skin. "We knew that money had been so broken and inefficient for years," says Tyler, "so bitcoin appealed to us right away."
They speak in braided sentences, catching each other, reassuring themselves, tightening each other's ideas. They don't quite want to say that bitcoin looked like something that might be redemptive—after all, they, like everyone else, were looking to make money, lots of it, Olympic-sized amounts—but they say that it did strike an idealistic chord inside them. They certainly wouldn't be cozying up to the anarchists anytime soon, but this was a global currency that, despite its uncertainties, seemed to present a solution to some of the world's more pressing problems. "It was borderless, instantaneous, irreversible, decentralized, with virtually no transaction costs," says Tyler. It could possibly cut the banks out, and it might even take the knees out from under the credit-card companies. Not only that, but the price, at just under ten dollars per coin, was in their estimation low, very low. They began to snap it up.
They were aware, even at the beginning, that they might, once again, be called Johnny-come-latelys, just hopping blithely on the bandwagon—it was 2012, already four years into the birth of the currency—but they went ahead anyway, power ten. Within a short time they'd spent $11 million buying up a whopping 1 percent of the world's bitcoin, a position they kept up as more bitcoins were mined, making their 1 percent holding today worth about $66 million.
But bitcoin was flammable. The brothers felt the burn quickly. Their next significant investment came later that year, when they gave $1.5 million in venture funding to a nascent exchange called BitInstant. Within a year the CEO was arrested for laundering drug money through the exchange.
So what were a pair of smart, clean-cut Olympic rowers doing hanging around the edges of something so apparently shady, and what, if anything, were they going to do about it?
They mightn't have thought of it this way, but there was something of the sheriff striding into town, the one with the swagger and the scar, glancing up at the balconies as he comes down Main Street, all tumbleweeds and broken pianos. This place was a dump in most people's eyes, but the sheriff glimpsed his last best shot at finally getting the respect he thinks he deserves.
The money shot: A good stroke will catch the water almost without breaking its seal. You stir without rippling. Your silence is sinewy. There's muscle in that calm. The violence catches underneath, thrusts the boat along. Stroke after stroke. Just keep going. Today's truth dies tomorrow. What you have to do is elemental enough. You row without looking behind you. You keep the others in front of you. As long as you can see what they're doing, it's all in your hands. You are there to out-pain them. Doesn't matter who they are, where they come from, how they got here. Know your enemy through yourself. Push through toward pull. Find the still point of this pain. Cut a melody in the disk of your flesh. The only terror comes when they pass you—if they ever pass you.
There are no suits or ties, but there is a white hum in the offices of Gemini in the Flatiron District. The air feels as if it has been brushed clean. There is something so everywhereabout the place. Ergonomic chairs. iPhone portals. Rows of flickering computers. Not so much a hush around the room as a quiet expectation. Eight, nine people. Programmers, analysts, assistants. Other employees—teammates, they call them—dialing in from Portland, Oregon, and beyond.
The brothers fire up the room when they walk inside. A fist-pump here, a shoulder touch there. At the same time, there is something almost shy about them. Apart, they seem like casual visitors to the space they inhabit. It is when they're together that they feel fully shaped. One can't imagine them being apart from each other for very long.
The Winklevoss twins speak onstage at Bitcoin! Let's Cut Through the Noise Already at SXSW in 2016. GETTY They move from desk to desk. The price goes up, the price goes down. The phones ring. The e-mails beep. Customer-service calls. Questions about fees. Inquiries about tax structures.
Gemini was started in late 2015 as a next-generation bitcoin exchange. It is not the first such exchange in the world by any means, but it is one of the most watched. The company is designed with ordinary investors in mind, maybe a hedge fund, maybe a bank: all those people who used to be confused or even terrified by the word bitcoin. It is insured. It is clean. What's so fascinating about this venture is that the brothers are risking themselves by trying to eliminate risk: keeping the boat steady and exploding through it at the same time.
It is when they're together that they feel fully shaped. One can't imagine them being apart from each other for very long. For the past couple years, the Winklevosses have worked closely with just about every compliance agency imaginable. They ticked off all the regulatory boxes. Essentially they wanted to ease all the Debting Thomases. They put regulatory frameworks in place. Security and bankability and insurance were their highest objectives. Nobody was going to be able to blow open the safe. They wanted to soothe all the appetites for risk. They told Bitcoin Magazine they were asking for "permission, not forgiveness."
This is where bitcoin can become normal—that is, if you want bitcoin to be normal.
Just a mile or two down the road, in Soho, a half dozen bitcoiners gather at a meetup. The room is scruffy, small, boxy. A half mannequin is propped on a table, a scarf draped around it. It's the sort of place that twenty years ago would have been full of cigarette smoke. There's a bit of Allen Ginsberg here, a touch of Emma Goldman, a lot of Zuccotti Park. The wine is free and the talk is loose. These are the true believers. They see bitcoin in its clearest possible philosophical terms—the frictionless currency of the people, changing the way people move money around the world, bypassing the banks, disrupting the status quo.
A comedy show is being run out in the backyard. A scruffy young man wanders in and out, announcing over and over again that he is half-baked. A well-dressed Asian girl sidles up to the bar. She looks like she's just stepped out of an NYU business class. She's interested in discovering what bitcoin is. She is regaled by a series of convivial answers. The bartender tells her that bitcoin is a remaking of the prevailing power structures. The girl asks for another glass of wine. The bartender adds that bitcoin is democracy, pure and straight. She nods and tells him that the wine tastes like cooking oil. He laughs and says it wasn't bought with bitcoin. "I don't get it," she says. And so the evening goes, presided over by Margaux Avedisian, who describes herself as the queen of bitcoin. Avedisian, a digital-currency consultant of Armenian descent, is involved in several high-level bitcoin projects. She has appeared in documentaries and on numerous panels. She is smart, sassy, articulate.
When the talk turns to the Winklevoss brothers, the bar turns dark. Someone, somewhere, reaches up to take all the oxygen out of the air. Avedisian leans forward on the counter, her eyes shining, delightful, raged.
"The Winklevii are not the face of bitcoin," she says. "They're jokes. They don't know what they're saying. Nobody in our community respects them. They're so one-note. If you look at their exchange, they have no real volume, they never will. They keep throwing money at different things. Nobody cares. They're not part of us. They're just hangers-on."
"Ah, they're just assholes," the bartender chimes in.
"What they want to do," says Avedisian, "is lobotomize bitcoin, make it into something entirely vapid. They have no clue."
The Asian girl leaves without drinking her third glass of free wine. She's got a totter in her step. She doesn't quite get the future of money, but then again maybe very few in the world do.
Giving testimony on bitcoin licensing before the New York State Department of Financial Services in 2014. LUCAS JACKSON/REUTERS The future of money might look like this: You're standing on Oxford Street in London in winter. You think about how you want to get to Charing Cross Road. The thought triggers itself through electrical signals into the chip embedded in your wrist. Within a moment, a driverless car pulls up on the sensor-equipped road. The door opens. You hop in. The car says hello. You tell it to shut up. It does. It already knows where you want to go. It turns onto Regent Street. You think,A little more air-conditioning, please. The vents blow. You think, Go a little faster, please. The pace picks up. You think, This traffic is too heavy, use Quick(TM). The car swings down Glasshouse Street. You think, Pay the car in front to get out of my way. It does. You think, Unlock access to a shortcut. The car turns down Sherwood Street to Shaftsbury Avenue. You pull in to Charing Cross. You hop out. The car says goodbye. You tell it to shut up again. You run for the train and the computer chip in your wrist pays for the quiet-car ticket for the way home.
All of these transactions—the air-conditioning, the pace, the shortcut, the bribe to get out of the way, the quick lanes, the ride itself, the train, maybe even the "shut up"—will cost money. As far as crypto-currency enthusiasts think, it will be paid for without coins, without phones, without glass screens, just the money coming in and going out of your preprogrammed wallet embedded beneath your skin.
The Winklevosses are betting that the money will be bitcoin. And that those coins will flow through high-end, corporate-run exchanges like Gemini rather than smoky SoHo dives.
Cameron leans across a table in a New York diner, the sort of place where you might want to polish your fork just in case, and says: "The future is here, it's just not evenly distributed yet." He can't remember whom the quote belongs to, but he freely acknowledges that it's not his own. Theirs is a truculent but generous intelligence, capable of surprise and turn at the oddest of moments. They talk meditation, they talk economics, they talk Van Halen, they talk, yes, William Gibson, but everything comes around again to bitcoin.
"The key to all this is that people aren't even going to know that they're using bitcoin," says Tyler. "It's going to be there, but it's not going to be exposed to the end user. Bitcoin is going to be the rails that underpin our payment systems. It's just like an IP address. We don't log on to a series of numbers, 115.425.5 or whatever. No, we log on to Google.com. In the same way, bitcoin is going to be disguised. There will be a body kit that makes it user-friendly. That's what makes bitcoin a kick-ass currency."
Any fool can send a billion dollars across the world—as long as they have it, of course—but it's virtually impossible to send a quarter unless you stick it in an envelope and pay forty-nine cents for a stamp. It's one of the great ironies of our antiquated money system. And yet the quark of the financial world is essentially the small denomination. What bitcoin promises is that it will enable people and businesses to send money in just about any denomination to one another, anywhere in the world, for next to nothing. A public address, a private key, a click of the mouse, and the money is gone.
A Bitcoin conference in New York City in 2014. GETTY This matters. This matters a lot. Credit-card companies can't do this. Neither can the big banks under their current systems. But Marie-Louise on the corner of Libertador Avenue can. And so can Pat Murphy in his Limerick housing estate. So can Mark Andreessen and Bill Gates and Laurene Powell Jobs. Anyone can do it, anywhere in the world, at virtually no charge.
You can do it, in fact, from your phone in a diner in New York. But the whole time they are there—over identical California omelettes that they order with an ironic shrug—they never once open their phones. They come across more like the talkative guys who might buy you a drink at the sports bar than the petulants ordering bottle service in the VIP corner. The older they get, the more comfortable they seem in their contradictions: the competition, the ease; the fame, the quiet; the gamble, the sure thing.
Bitcoin is what might eventually make them among the richest men in America. And yet. There is always a yet. What seems indisputable about the future of money, to the Winklevosses and other bitcoin adherents, is that the technology that underpins bitcoin—the blockchain—will become one of the fundamental tenets of how we deal with the world of finance. Blockchain is the core computer code. It's open source and peer to peer—in other words, it's free and open to you and me. Every single bitcoin transaction ever made goes to an open public ledger. It would take an unprecedented 51 percent attack—where one entity would come to control more than half of the computing power used to mine bitcoin—for hackers to undo it. The blockchain is maintained by computers all around the world, and its future sidechains will create systems that deal with contracts and stock and other payments. These sidechains could very well be the foundation of the new global economy for the big banks, the credit-card companies, and even government itself.
"It's boundless," says Cameron.
This is what the brothers are counting on—and what might eventually make them among the richest men in America.
And yet. There is always a yet.
When you delve into the world of bitcoin, it gets deeper, darker, more mysterious all the time. Why has its creator remained anonymous? Why did he drop off the face of the earth? How much of it does he own himself? Will banks and corporations try to bring the currency down? Why are there really only five developers with full "commit access" to the code (not the Winklevosses, by the way)? Who is really in charge of the currency's governance?
Perhaps the most pressing issue at hand is that of scaling, which has caused what amounts to a civil war among followers. A maximum block size of one megabyte has been imposed on the chain, sort of like a built-in artificial dampener to keep bitcoin punk rock. That's not nearly enough capacity for the number of transactions that would take place in future visions. In years to come, there could be massive backlogs and outages that could create instant financial panic. Bitcoin's most influential leaders are haggling over what will happen. Will bitcoin maintain its decentralized status, or will it go legit and open up to infinite transactions? And if it goes legit, where's the punk?
The issues are ongoing—and they might very well take bitcoin down, but the Winklevosses don't think so. They have seen internal disputes before. They've refrained from taking a public stance mostly because they know that there are a lot of other very smart people in bitcoin who are aware that crisis often builds consensus. "We're in this for the long haul," says Tyler. "We're the first batter in the first inning."
GILLIAN LAUB The waiter comes across and asks them, bizarrely, if they're twins. They nod politely. Who was born first? They've heard it a million times and their answer is always the same: Neither of them—they were born cesarean. Cameron looks older, says the waiter. Tyler grins. Normally it's the other way around, says Cameron, grinning back. Do you ever fight? asks the waiter. Every now and then, they say. But not over this, not over the future.
Heraclitus was wrong. You can, in fact, step in the same river twice. In the beginning you went to the shed. No electricity there, no heat, just a giant tub where you simulated the river. You could only do eleven strokes. But there was something about the repetition, the difference, even the monotony, that hooked you. After a while it wasn't an abandoned shed anymore. College gyms, national training centers. Bigger buildings. High ceilings. AC. Doctors and trainers. Monitors hooked up to your heart, your head, your blood. Six foot five, but even then you were not as tall as the other guys. You liked the notion of underdog. Everyone called you the opposite. The rich kids. The privileged ones. To hell with that. They don't know us, who we are, where we came from. Some of the biggest chips rest on the shoulders of those with the least to lose. Six foot five times two makes just about thirteen feet. You sit in the erg and you stare ahead. Day in, day out. One thousand strokes, two thousand. You work with the very best. You even train with the Navy SEALs. It touches that American part of you. The sentiment, the false optimism. When the oil fields are burning, you even think, I'll go there with them. But you stay in the boat. You want that other flag rising. That's what you aim for. You don't win but you get close. Afterward there are planes, galas, regattas, magazine spreads, but you always come back to that early river. The cold. The fierceness. The heron. Like it or not, you're never going to get off the water—that's just the fact of the matter, it's always going to be there. Hard to admit it, but once you were wrong. You got out of the boat and you haggled over who made it. You lost that one, hard. You might lose this one, too, but then again it just might be the original arc that you're stepping toward. So you return, then. You rise before dark. You drag your carcass along Broadway before dawn.
All the rich men in the world want to get shot into outer space. Richard Branson. Jeff Bezos. Elon Musk. The new explorers. To get the hell out of here and see if they—and maybe we—can exist somewhere else for a while. It's the story of the century. We want to know if the pocket of the universe can be turned inside out. We're either going to bring all the detritus of the world upward with us or we're going to find a brand-new way to exist. The cynical say that it's just another form of colonization—they're probably right, but then again maybe it's our only way out.
The Winklevosses have booked their tickets—numbers 700 and 701—on Branson's Virgin Galactic. Although they go virtually everywhere together, the twins want to go on different flights because of the risk involved: Now that they're in their mid-thirties, they can finally see death, or at least its rumor. It's a boy's adventure, but it's also the outer edge of possibility. It cost a quarter of a million dollars per seat, and they paid for it, yes, in bitcoin.
Of course, up until recently, the original space flights all splashed down into the sea. One of the ships that hauled the Gemini space capsule out of the water in 1965 was the Intrepid aircraft carrier.
The Winklevosses no longer pull their boat up the river. Instead they often run five miles along the Hudson to the Intrepid and back. The destroyer has been parked along Manhattan's West Side for almost as long as they have been alive. It's now a museum. The brothers like the boat, its presence, its symbolism: Intrepid, Gemini, the space shot.
They ease into the run.
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Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Trump 'looks forward to visiting China' - Tillerson
  2. Trump hangs tough on Germany, eases on China
  3. China warns US over arms sales to Taiwan
  4. South Korea accuses China of trade retaliation in response to US missile defense
  5. Chinese media claims Tillerson visit was a home run — for China
  6. Saudi Arabia and China just hit the 'next level' for strategic collaboration, Saudi CEO says
  7. After Saudi king, China warmly welcomes Israel's prime minister
  8. Nepal committed to One China policy: Deuba tells delegation from Beijing
  9. Chinese mainland is home to two of the top three universities in Asia, according to research published by the Times Higher Education. In total, Chinese mainland has 54 institutions in the listing of top 300 universities in Asia
  10. Trump’s Top Diplomat Goes to China, Promptly Bends Over - Rex Tillerson gives in immediately
  11. Tillerson has offered to reschedule talks with his NATO allies after snubbing April's meeting. His decision, to prioritize a meeting with China, was described as "unprecedented."
  12. China, Israel announce innovative comprehensive partnership
  13. Frank Wu discusses hate crimes against the Asian American community
  14. Myanmar refugees seek shelter in China
  15. Li Keqiang visit: Chinese Premier arrives in Australia for five-day tour
  16. Did Rex Tillerson Misspeak or Intentionally Kowtow to China?
  17. The New Era in China-U.S. Relations Begins
  18. Chinese official denied visa to attend U.S. planetary science conference: denial did not extend to other Chinese scientists: Head said more than 20 people from Chinese universities, academies and scientific institutes were at the symposium
  19. Chinese tourist wounded in London terror attack
  20. The Chinese embassy in Indonesia has accused local customs officials of targeting Chinese tourists and demanding they give them illicit “tips” at border controls, advised Chinese tourists not to succumb to pressure to pay illegal tips to customs or other officials
  21. UN Security Council approves China’s resolution: called on countries to "strengthen the process of regional economic cooperation...including through regional development initiatives such as the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (the Belt and Road) Initiative"
  22. Japan PM Shinzo Abe embroiled in land-sale scandal
  23. Chinese premier assures stability in South China Sea to boost trade
  24. South Korea salvage operation brings up Sewol ferry 3 years after disaster
  25. Sri Lanka, China discuss ways to step up military cooperation
  26. High-speed diplomacy: Exporting China’s train technology. China and Thailand came to an agreement to link the Chinese border with Laos and ports on Thailand’s coast. In Turkey, China helped link Ankara with Istanbul. In Indonesia the Jakarta-Bandung line will begin this year
  27. China, Australia agree to promote trade liberalization
  28. China captures more than 2,500 fugitives who fled overseas
  29. Anti-Chinese Attitudes in Mongolia through Generational Imprinting
  30. China and the European Union (EU) are being forced to thaw their decade-long tensions and unite to push for free trade because of U.S. President Donald Trump policies and his "America First" mantra
  31. China-led AIIB approves 13 new members, Canada joins: approved applicants include eight non-Asian countries - Canada, Belgium, Ethiopia, Hungary, Ireland, Peru, Republic of Sudan and Venezuela - and five regional members - Hong Kong, Afghanistan, Armenia, Fiji and Timor Leste
In Domestic news
  1. Beijing shuts last coal power plant in switch to natural gas
  2. Hays Report: China and Malaysia had the highest management roles held by women in the region, both at 35%. Christine Wright, Managing Director of Hays in Asia, said "It's worth noticing that China has led Asia for the number of management roles held by women consistently in the past five years"
  3. 80% of Chinese students return home – MoE: According the ministry’s figures, around 36% of the students who went abroad in 2016 studied a postgraduate degree, while 31% went for an undergraduate degree
  4. Editorial: China’s New Civil Code Will Be a Cornerstone for Reforms
  5. Top 10 billionaires with largest influence on Chinese social media: The top 10 entrepreneurs on China's social media Sina Weibo are not all from the richest families in the country
  6. 2 years behind bars for student who set fire/explosion to bin outside Hong Kong legislature
  7. Shortening the journey to championships: Feng, ranked No 4 in the world, claimed the Chinese mainland's first major title when she won the LPGA Championship in 2012. Following in Feng's footsteps, Lin Xiyu, Feng Simin and Yan Jing, Shi Yuting and talented amateur Wang Ziyi are all showing promise
  8. Senior CPC leader calls for media integration
  9. China Focus: Beijing pioneers medical reforms to strengthen health care
  10. How the smartphone brought young Chinese back to bicycles
  11. "How I Help Pull China's Rural Poor out of Poverty"
  12. China rolls out plan to revitalize traditional crafts
  13. China to Boost Ice Hockey Development with Yet Another Program: "Chinese Ice Hockey Plan for 2022," was launched by the Winter Sports Management Center of the General Administration of Sport of China. Goal to fill the ice hockey players' pool for the 2022 Winter Olympics
  14. Strict new traffic regulations come into effect in Shanghai
In SciTech news
  1. Chinese police debut new anti-drone gun that shoots illegal UAVs from the sky
  2. China starts building huge cosmic-ray observatory to study the evolution of the universe: Large High Altitude Air Shower Observatory (LHAASO) will attempt to search for the origin of cosmic rays, study the evolution of the universe and celestial bodies, as well as to push the frontier of physics
  3. Chinese hackers win 2017 world hacking contest
  4. When China stops copying Western tech giants is when they should start worrying
  5. US risks falling behind China in Supercomputing by 2020: Taihu Light triple the previous record-setting numbers of Tianhe-2. Achieved using Chinese designed 28nm SOC architecture. Coupled with high performance computing advancements, three Chinese research teams finalists for 2016 Gordon Bell prize
  6. Ancient skulls found in China could belong to an unknown human species
  7. China's police are now shooting down drones with radio-jamming rifles: The rifles don't come cheap, at 250,000 yuan ($36,265) each, and they will have a range of roughly 1 km (0.6 miles)
  8. Mate 9 Durability Test - Bend Test, Scratch and BURN test
  9. Changing weather patterns are trapping pollution over Chinese cities: study published in journal Science Advances. In the high polar regions where sea ice is decreasing and snowfall is increasing, this keeps cold air from getting into the eastern parts of China where it would flush out air pollution
  10. Chinese researchers announce designer baby breakthrough: Chinese researchers used a genome editing technique called CRISPR to rid normal embryos of hereditary diseases that cause blood disorders and other ailments
  11. Regular Tea Consumption Reduces Risk of Neurocognitive Disorders in Older Adults, Study Says: “Based on current knowledge, this long term benefit of tea consumption is due to the bioactive compounds in tea leaves, such as catechins, theaflavins, thearubigins and L-theanine,” Dr. Feng said
  12. Microsoft delivers secure China-only cut of Windows 10
  13. NSA, DOE say China's supercomputing advances put U.S. at risk
  14. Huawei P10 and P10 Plus high-end smartphones. Bonus: Watch 2
  15. China And Israel Tech Ties Grow Closer With $10M Deal For 3 AI Centers: house R&D facilities that will work toward commercialization of artificial intelligence
  16. Chinese scientists repurpose silkworms as virus shredders: researchers transformed a popular gene-editing tool into a weapon that the silkworm can use to shred deadly viral strains into fragments, according to a paper in the latest issue of the Journal of Virology
  17. CRISPR May Speed Pig-to-Human Transplants: George Church and cofounder Luhan Yang's eGenesis developing two different designs. One is for a pig with a “humanized” immune system and the other is for a pig cleansed of risky viruses
  18. Earliest Mushroom Fossils Found in China: They are well-preserved in Burmese amber and are the first ever complete mushroom fossils ever found
  19. China’s push to become a tech superpower trigger alarms abroad: China’s technological might alongside efforts to restructure its industrial policy through a scheme known as Made in China 2025. Billions of dollars have been pumped into research and the acquisition of overseas assets
  20. Inside Tencent's AI Lab: How It Created China's Own AlphaGo In A Year. AI Lab was officially established in April 2016. Currently has over 50 AI scientists (90% of them with PhDs) and over 200 engineers focused on computer vision, voice recognition, natural language process, and machine learning
  21. China’s Hybrid Kinetic targets Tesla with Italian styling, turbine range extender: designed by famed Pininfarina, creator of the Maserati Birdcage and many Ferraris, uses a small turbine as a generator when battery charge runs out, range of over 600 miles on both battery and turbine power
  22. China is on the path to global technology dominance
  23. Chinese scientists breed world's first 'space mangoes': "Space mangoes are expected to be insect-resistant, of higher quality and provide more output," said Peng Longrong, head of the project
In Economic news
  1. How Bitcoin Could Save China’s Economy
  2. UN agency: China has explosive growth in patent applications. The U.N.'s intellectual property agency says China is showing "quite extraordinary" growth in international patent applications, putting Chinese applicants on track to outpace their U.S. counterparts within two to three years
  3. Secretive billionaire Duan Yongping reveals how he toppled Apple in China
  4. Tencent becomes China’s first $100 billion brand
  5. WIPO chief calls China's patent application growth "extraordinary": "China-based filers are behind much of the growth in international patent and trademark filings...as the country continues its journey from 'Made in China' to 'Created in China'," WIPO Director General Francis Gurry explained
  6. China's extreme income inequality appears to be improving after decades of deterioration -Quartz
  7. Chinese company Geely saves UK company from closure, creates local jobs while fast-tracking transition to Electric Vehicles
  8. Chinese investors look to hockey as NHL tries to expand footprint
  9. China May Set New Rules to Curb ‘Irrational’ Outbound Investment This Year: The state foreign exchange regulator has said the government will more closely monitor "irrational" investment in property, entertainment, sports, and other sectors
  10. Why Airbnb won't find a home in China anytime soon
  11. Trump's U.S. jobs push may open doors to China in Mexico: ICBC bank
  12. China Bets on Sensitive U.S. Start-Ups, Worrying the Pentagon
  13. China to cultivate more skilled workers
  14. Competition From China Reduced Innovation in the US
In Military news
  1. Beijing Goes Global: China Expands Marine Force 400%, First Overseas Military Base Almost Complete
  2. Bangladesh Navy Commissions Two Type 035G Diesel-Electric Submarines from China: First ever in of history Bangladesh Navy has inducted two submarines BNS Nobojatra’ andBNS Joyjatra’ to its fleet
  3. China to boost marine corps by 400pc to enforce growing world influence: This includes plans to deploy detachments to secure the ports of Djibouti, on the strategically significant Horn of Africa maritime chokepoint, and Gwadar in southwest Pakistan
  4. China, Pakistan agree to further increase military cooperation: China’s leadership appreciated Pakistan’s fight against terrorism with a special mention of eliminating Al Qaeda, Tehreek-e-Taliban Pakistan (TTP) and the East Turkmenistan Islamic Movement (ETIM)
  5. Can China leapfrog the US in the scramble for the world’s best aircraft carrier? Ma Weiming, a top engineer working on the project, said on the sidelines of the National People’s Congress that China had made breakthroughs in its advanced ­arresting gear (AAG) system, while the US had stumbled
  6. 5 Ways Russia and China Could Sink America's Aircraft Carriers
  7. PLA Navy replaces ceremonial sabers with traditional Jian sword (x-post MilitaryPorn)
  8. Wei Yiyin, CASIC deputy general manager, confirmed the company is focusing on the development of a long-endurance stealth drone and a near-space drone. "can play an important role in high-resolution reconnaissance, long-distance precision strikes, anti-submarine operations and aerial combat"
  9. Russia, China making gains on US military power: “It’s not just one area or few areas. If you look at the evolution of [China’s] military over the last 15 years … it’s rather astonishing. Ballistic missiles, air defense, aircraft, electronic warfare, naval vessels” Ochmanek said
  10. Taiwan confirms China's deployment of DF-16 missiles: The DF-16 represents an increased threat to Taiwan because it is difficult to intercept with anti-ballistic missiles systems such as the MIM-104 Patriot PAC-3
  11. How China is preparing for cyberwar: Chinese military analysts often write of the PLA’s need to seize information dominance at the beginning stages of a conflict with a technologically advanced adversary through cyber attacks against command and control computers as well as satellite networks
  12. Battle Lasers! US, Russia, China Develop Brighter Beams for Blasting Enemies. China presented its Silent Hunter laser system at the International Defense Exhibition and Conferencein February. Low Altitude Guard II land mobile complex, was presented at a defense exhibition in South Africa
  13. Chinese President Xi Jinping again called for deeper military-civilian integration and emphasized science and technology innovation as the key to upgrading the technological capabilities of the People's Liberation Army
Other Notables
  1. The Legacy Of The Mississippi Delta Chinese
  2. DJI – Mavic Pro: The Art of Form
  3. Chinese maths textbooks to be translated for UK schools
  4. Pictures: Hailuogou, a wonderful glacier forest park
  5. Chinese Deaf Dance Team - Thousand Hands of Buddha
  6. Chinese woman making a DIY lunch at work
  7. Chinese man without hands sells clay figures that he makes for a living
  8. Bus stops in Suzhou
  9. Thoughts on the argument that china will be hamstrung because it is surrounded by hostile neighbors
  10. China welcomes Disney film’s gay content
  11. Foreign Internet Celebrities Skip China’s Firewall By Using Chinese Social Media Sites
  12. Could The Chinese Be The Next Dominant Force In Competitive Surfing? As the Chinese gear up for their first furore into competitive surfing at the ISA's this year, we look forward to the future. Despite a distinct lack of interest in surfing, they have set their sights to qualify for 2024 Olympics
  13. Panda Diplomacy: The World’s Cutest Ambassadors. It’s thought to have started as early as the Tang Dynasty in the 7th century when Empress Wu Zeitan sent a pair of bears (believed to be pandas) to Japan. This Chinese policy of sending pandas as diplomat gifts was revived in 1941
  14. Why China Must Confront North Korea
  15. How China ended the era of western domination
  16. Legendary sunken treasure discovered in Southwestern China - Xinhua
  17. Question, Are people overstating the importance of Military Alliances for China's Foreign Policy and its competition with America?
  18. Sinology by Andy Rothman - Trump, Trade & China Part II
  19. Global Times: Novel exploring excesses of 1950s land reform draws criticism from Maoists
  20. West must drop double standards on terror
  21. 16 women who changed Chinese art
  22. Unravelling the Tang: The Qiu Fu and Pang Xun (858-860), and Huang Chao Rebellions (878-880)
  23. Jenna Cook: The adopted girl claimed by 50 birth families - BBC News
  24. Why do Chinese students have higher test scores than Americans?
  25. Chinese Army in (Pakistan) 23rd March Parade
  26. 'My Life, My China’: Chinese journalist refused to cave in for the BBC - CGTN
  27. Huangguoshu Waterfall Shows Charm
  28. Chinese web novels help American man to conquer drug addiction
  29. Question: How much did the Cultural Revolution really Destroy?
  30. Translation of Chen Shou's official JS biography
  31. Chinese Opera Singer Nails The Impossible Alien Diva Song From Fifth Element
  32. Train route runs through an apartment block in Chongqing, China (x-post interestingasfuck)
  33. Pictures: Amazing Yuanyang Terrace in Yunnan, China
  34. Chinese peacekeeper puts love for daughter in sketches: During his posting in the West African nation, he missed his daughter a lot. "I wanted to give a special memento to my daughter," said Du
  35. Shennong: The God-King of Chinese Medicine and Agriculture
  36. Article in WSJ claims China is using pandas for "Geopolitical Domination"
  37. Korean here: what is your opinion about the installation of THAAD in korea and the subsequent boycott of Korean Goods?
  38. Translation of Huangfu Song's official HHS biography
  39. Western Documentary trying to smear China backfires as many western commenters defend China
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Bitcoin is the Real Electronic Cash - Merkle Conference 2016

In this exceptional talk, Andreas Antonopoulos says "Bitcoin is an incubator for Black Swans." See especially "The Lightning Network in a Nutshell" at 8'37" ... This talk took place on October 11th 2016 during the Merkle Conference in Paris, France: http://www.merkleconference.com/ Want to hear more about Bitcoin and... Moving our scope beyond bitcoin and into the realm of blockchain. The Blockchain & Bitcoin Africa Conference 3rd & 4th March 2016 - Elizabeth Rossiello - Duration: 39 ... Blockchain & Bitcoin Africa Conference 2016 - Vinny Lingham - Duration: 33:13. Bitcoin ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

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