Imagine if there was one desk that all stories could cross so that, at 4am, a media plan could be decided upon and disseminated where all news outlets coordinated to set the goalposts of debate and hyper focused on specific issues to drive a narrative to control how you vote and how you spend money; where Internet shills were given marching orders in tandem to what was shown on television, printed in newspapers and spread throughout articles on the World Wide Web. https://i.imgur.com/Elnci0M.png In the past, we had Operation Mockingbird, where the program was supremely confident that it could control stories around the world, even in instructions to cover up any story about a possible “Yeti” sighting, should it turn out they were real. https://i.imgur.com/121LXqy.png If, in 1959, the government was confident in its ability to control a story about a Yeti, then what is their level of confidence in controlling stories, today? https://i.imgur.com/jQFVYew.png https://i.imgur.com/ZKMYGJj.png In fact, we have a recent example of a situation similar to the Yeti. When Bill Clinton and Loretta Lynch met on the TARMAC to spike the Hillary email investigation, the FBI was so confident it wasn’t them, that their entire focus was finding the leaker, starting with searching within the local PD. We have documentation that demonstrates the state of mind of the confidence the upper levels of the FBI have when dealing with the media. https://i.imgur.com/IbjDOkI.png https://i.imgur.com/NH86ozU.png The marriage between mainstream media and government is a literal one and this arrangement is perfectly legal. https://i.imgur.com/OAd4vpf.png But, this problem extends far beyond politics; the private sector, the scientific community, even advice forums are shilled heavily. People are paid to cause anxiety, recommend people break up and otherwise sow depression and nervousness. This is due to a correlating force that employs “systems psychodynamics”, focusing on “tension centered” strategies to create “organizational paradoxes” by targeting people’s basic assumptions about the world around them to create division and provide distraction. https://i.imgur.com/6OEWYFN.png https://i.imgur.com/iG4sdD4.png https://i.imgur.com/e89Rx6B.png https://i.imgur.com/uotm9Cg.png https://i.imgur.com/74wt9tD.png In this day and age, it is even easier to manage these concepts and push a controlled narrative from a central figure than it has ever been. Allen & Co is a “boutique investment firm” that managed the merger between Disney and Fox and operates as an overseeing force for nearly all media and Internet shill armies, while having it’s fingers in sports, social media, video games, health insurance, etc. https://i.imgur.com/zlpBh3c.png https://i.imgur.com/e5ZvFFJ.png Former director of the CIA and Paul Brennan’s former superior George Tenet, holds the reigns of Allen & Co. The cast of characters involves a lot of the usual suspects. https://i.imgur.com/3OlrX7G.png
In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors. Since its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, and Donald Keough. Allen & Co. was one of ten underwriters for the Google initial public offering in 2004. In 2007, Allen was sole advisor to Activision in its $18 billion merger with Vivendi Games. In 2011, the New York Mets hired Allen & Co. to sell a minority stake of the team. That deal later fell apart. In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of Twitter. Allen & Co. was the adviser of Facebook in its $19 billion acquisition of WhatsApp in February 2014. In 2015, Allen & Co. was the advisor to Time Warner in its $80 billion 2015 merger with Charter Communications, AOL in its acquisition by Verizon, Centene Corporation in its $6.8 billion acquisition of Health Net, and eBay in its separation from PayPal. In 2016, Allen & Co was the lead advisor to Time Warner in its $108 billion acquisition by AT&T, LinkedIn for its merger talks with Microsoft, Walmart in its $3.3 billion purchase of Jet.com, and Verizon in its $4.8 billion acquisition of Yahoo!. In 2017, Allen & Co. was the advisor to Chewy.com in PetSmart’s $3.35 billion purchase of the online retailer.
Previous conference guests have included Bill and Melinda Gates, Warren and Susan Buffett, Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! co-founder Jerry Yang, financier George Soros, Facebook founder Mark Zuckerberg, Media Mogul Rupert Murdoch, eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight, Dell founder and CEO Michael Dell, NBA player LeBron James, Professor and Entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, Sandro Salsano from Salsano Group, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner, and Oprah Winfrey.
https://i.imgur.com/VZ0OtFa.png George Tenet, with the reigns of Allen & Co in his hands, is able to single-handedly steer the entire Mockingbird apparatus from cable television to video games to Internet shills from a singular location determining the spectrum of allowable debate. Not only are they able to target people’s conscious psychology, they can target people’s endocrine systems with food and pornography; where people are unaware, on a conscious level, of how their moods and behavior are being manipulated. https://i.imgur.com/mA3MzTB.png
"The problem with George Tenet is that he doesn't seem to care to get his facts straight. He is not meticulous. He is willing to make up stories that suit his purposes and to suppress information that does not." "Sadly but fittingly, 'At the Center of the Storm' is likely to remind us that sometimes what lies at the center of a storm is a deafening silence."
https://i.imgur.com/YHMJnnP.png Tenet joined President-elect Bill Clinton's national security transition team in November 1992. Clinton appointed Tenet Senior Director for Intelligence Programs at the National Security Council, where he served from 1993 to 1995. Tenet was appointed Deputy Director of Central Intelligence in July 1995. Tenet held the position as the DCI from July 1997 to July 2004. Citing "personal reasons," Tenet submitted his resignation to President Bush on June 3, 2004. Tenet said his resignation "was a personal decision and had only one basis—in fact, the well-being of my wonderful family—nothing more and nothing less. In February 2008, he became a managing director at investment bank Allen & Company. https://i.imgur.com/JnGHqOS.png We have the documentation that demonstrates what these people could possibly be doing with all of these tools of manipulation at their fingertips. The term for it is “covert political action” for which all media put before your eyes is used to serve as a veneer… a reality TV show facade of a darker modus operandum. https://i.imgur.com/vZC4D29.png https://www.cia.gov/library/center-for-the-study-of-intelligence/kent-csi/vol36no3/html/v36i3a05p_0001.htm
It is now clear that we are facing an implacable enemy whose avowed objective is world domination by whatever means and at whatever costs. There are no rules in such a game. Hitherto acceptable norms of human conduct do not apply. If the US is to survive, longstanding American concepts of "fair play" must be reconsidered. We must develop effective espionage and counterespionage services and must learn to subvert, sabotage and destroy our enemies by more clever, more sophisticated means than those used against us. It may become necessary that the American people be made acquainted with, understand and support this fundamentally repugnant philosophy.
Intelligence historian Jeffrey T. Richelson says the S.A. has covered a variety of missions. The group, which recently was reorganized, has had about 200 officers, divided among several groups: the Special Operations Group; the Foreign Training Group, which trains foreign police and intelligence officers; the Propaganda and Political Action Group, which handles disinformation; the Computer Operations Group, which handles information warfare; and the Proprietary Management Staff, which manages whatever companies the CIA sets up as covers for the S.A.
…Those operations we inaugurated in the years 1955-7 are still secret, but, for present purposes, I can say all that’s worth saying about them in a few sentences – after, that is, I offer these few words of wisdom. The ‘perfect’ political action operation is, by definition, uneventful. Nothing ‘happens’ in it. It is a continuing arrangement, neither a process nor a series of actions proceeding at a starting point and ending with a conclusion.
CIA FBI NSA Personnel Active in Scientology: https://i.imgur.com/acu2Eti.png When you consider the number of forces that can be contained within a single “political action group” in the form on a “boutique investment firm,” where all sides of political arguments are predetermined by a selected group of actors who have been planted, compromised or leveraged in some way in order to control the way they spin their message. https://i.imgur.com/tU4MD4S.png The evidence of this coordinated effort is overwhelming and the “consensus” that you see on TV, in sports, in Hollywood, in the news and on the Internet is fabricated.
Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most likely develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.'
When you find yourself feeling like common sense and common courtesy aren’t as common as they ought to be, it is because there is a massive psychological operation controlled from the top down to ensure that as many people as possible are caught in a “tension based” mental loop that is inflicted on them by people acting with purpose to achieve goals that are not in the interest of the general population, but a method of operating in secret and corrupt manner without consequences. Notice that Jeffrey Katzenberg, of Disney, who is intertwined with Allen & Co funds the Young Turks. He is the perfect example of the relationship between media and politics.
Katzenberg has also been involved in politics. With his active support of Hillary Clinton and Barack Obama, he was called "one of Hollywood's premier political kingmakers and one of the Democratic Party's top national fundraisers."
Last week, former DreamWorks Animation CEO Jeffrey Katzenberg’s new mobile entertainment company WndrCo was part of a $20 million funding round in TYT Network, which oversees 30 news and commentary shows covering politics, pop culture, sports and more. This includes the flagship “The Young Turks” program that streams live on YouTube every day. Other investors in the round included venture capital firms Greycroft Partners, E.ventures and 3L Capital, which led the round. This brings total funding for Young Turks to $24 million.
Hollywood activism long has been depicted as a club controlled by a handful of powerful white men: Katzenberg, Spielberg, Lear, David Geffen, Haim Saban and Bob Iger are the names most often mentioned. But a new generation of power brokers is ascendant, including J.J. Abrams and his wife, Katie McGrath, cited for their personal donations and bundling skills; Shonda Rhimes, who held a get-out-the-vote rally at USC's Galen Center on Sept. 28 that drew 10,000 people; CAA's Darnell Strom, who has hosted events for Nevada congresswoman Jacky Rosen and Arizona congresswoman Kyrsten Sinema; and former Spotify executive Troy Carter, who held three fundraisers for Maryland gubernatorial candidate Ben Jealous (Carter also was a fundraiser for President Obama).
Viacom, after splitting off from Les Moonves Les Moonves ' CBS , still holds Paramount Pictures, and that movie studio in December agreed to acquire DreamWorks SKG, the creative shop founded by the Hollywood triumvirate of Steven Spielberg, David Geffen and Jeffrey Katzenberg (a former exec at The Walt Disney Co.). DreamWorks Animation had been spun off into a separate company. Now it's time for Freston to make back some money--and who better to do a little business with than George Soros? The billionaire financier leads a consortium of Soros Strategic Partners LP and Dune Entertainment II LLC, which together are buying the DreamWorks library--a collection of 59 flicks, including Saving Private Ryan, Gladiator, and American Beauty.
SoftBank’s Big Bet on WeWork Could Turn Sour: Term Sheet
WeWork’s decisions ahead of its initial public offering have far-reaching effects. As the co-working behemoth contemplates listing on the public markets at a far lower valuation that previously expected, its biggest backer—SoftBank—is bracing for a potentially staggering loss. This is a stark reminder of the risks of an investing strategy that inflated startup valuations across Silicon Valley. SoftBank has a roughly 29% stake in the We, the parent company of WeWork, said one executive at an analyst call on Wednesday, after the company plowed a total of $10.65 billion into the startup. The Tokyo conglomerate’s massive stake is a vote of confidence in the unprofitable company, which lost about $1.61 billion last year. Yesterday, we noted that WeWork was reportedly considering seeking a valuation of about $20 to $30 billion in its IPO. Those figures would mark a significant decline from the $47 billion valuation WeWork achieved this year thanks to an investment from SoftBank. The New York-based company is now said to be considering a market debut at just $20 to $30 billion, fueling tensions among SoftBank employees. From Fortune: The WeWork IPO comes at a critical time for SoftBank, which is currently trying to convince investors to bankroll a second $108 billion iteration of its Vision Fund. The company is already mopping up the fallout from another poorly performing IPO. SoftBank put $7.7 billion into Uber, whose market value promptly fell after shares listed publicly at $45 in May. That price has since fallen to about $35, well below the price SoftBank paid for part of its stake.Some staffers at the Vision Fund are now concerned that WeWork’s valuation could fall further, to even below $20 billion—the valuation of SoftBank’s original investment made by the Vision Fund,according to people familiar with the company who asked not to be identified discussing private matters. Because the Vision Fund is so exposed to WeWork, it will play a substantial role in compensation for employees of the fund. People at the Vision Fund are not paid on a deal-by-deal basis, as with some other venture firms. Vision Fund employees, including high-profile bankers and investors, receive base salaries and bonuses, but only get payouts when profits are booked. They are also on the hook for potential losses, facing clawbacks of 20% and above for some senior staff, and 7% for more junior employees.Read more. NEW UNICORN: Getaround, a San Francisco-based used car marketplace, is a freshly minted unicorn. The company raised approximately $200 million in funding at a valuation of $1.7 billion, according to Pitchbook. In total, Getaround has amassed more than $400 million in total funding from investors including SoftBank, GV, Madrona Venture Group and Ashton Kutcher. TWO FUN THINGS: Since it’s Friday, I wanted to share two things I found amusing this week. 1. Crypto Rap Battle: Greylock’s Reid Hoffman has invested in crypto-focused companies including Coinbase, Xapo, and Blockstream.In a LinkedIn post, Hoffman explained that he is interested in cryptocurrency as an asset, a currency, and a platform. So he helped produce a Hamilton-inspired rap battle video about the cryptocurrency debate. Like I told my colleague, I really thought I wasn’t going to like this, but it’s actually really good. Watch the rap battle video here. 2. The Billion-Dollar Major: If you went (or plan to go to Stanford), you’ll enjoy this “How to Major in Unicorn” article. It’s a “cynic’s guide to killing it at Stanford.” (_As someone who went to a public school in the South, I had literally not a single time thought about “venture capital” in the entirety of my four years, but props to you guys for starting early.)_Here are some tips: — If you’re emulating … Reid Hoffman (LinkedIn), Marissa Mayer (Google, Yahoo), or Mike Krieger (Instagram) ➽ Symbolic systems is for you. (Yes, that’s a real major, mixing big-picture theory and programming practice) — “A few years ago, half the school had a SAVE THE SHIRE Palantir T-shirt even if we knew nothing about the company, just because they were giving them out for free so much.” — “I’m pretty sure I’ve heard of more friends starting companies than have gotten mononucleosis.” —Julian Alvarez, class of ’17, M.A. in philosophy ’19 SIGN UP FOR THE LOOP:Fortune launched a new newsletter on the business of sustainability called The Loop. You can check it out and sign up here. * More Details Here
Why I Just Quit My Six-Figure Job to Found my Own Startup
Intro & Why I wrote this post About a month ago, after working several years as a management consultant and mainly advising banks and another financial services firms, I left my stable job (to the surprise of many friends & colleagues) to start my own service business in the blockchain/cryptoasset industry. Why would I quit my high paying six figures job only a few years after graduating university? Why would I take the hard route and start my own business? And most of all, why on earth would I start my business in the Crypto industry? These are all questions that I heard countless times as a reaction to my decision and which you as a reader also might be wondering about. I wrote this post with the aim to explain my career move, why I believe in the future of Blockchain, and since I thought that my thinking might be interesting or relevant for some of you as well. Being a consultant, I analyzed several factors, thought long and hard, and went through several scenarios for the future in my head, before making the decision to start my own company. However, in the end it is always a gut decision to make the plunge into the unknown. Below I summarized a list of the main points that could help you if you are thinking about entrepreneurship, or if you consider moving into the crypto/blockchain space. FYI: I also posted the article on Medium if you are interested for better readability. 1. Inefficiencies of the corporate world I often found the corporate world as highly inefficient. Wasting large parts of your day in unnecessary meetings without real outcomes, navigating the shark pond of corporate politics, working with incapable/unmotivated people that you would have never hired, and the general slowness of big companies are all big time wasters and lead to suboptimal outcomes. I always found it astonishing how wasteful humans spend their most precious resource — Time (yes, with a capital T)! Looking at smaller and nimble startups, it became clear to me that if you really want to see a vision become reality and to make a dent into the world, the corporate world is not for me. In a startup you can allocate your time in a meaningful way, hire people with the same mindset as you, fast decisions are required on a daily basis, and most of all you see results of the hard work you are doing. Exciting! 2. Self-development and learning opportunities To be fair, depending on the company and position, the corporate world gives you sometimes great learning opportunities. Paid-for training, guidance and mentorship from more experienced colleagues, regular feedback sessions and others are often part of a company’s training program. Nevertheless, the skills you learn are often prescribed by your company and are often not what really interests you or is best for your long-term career. The situation often goes like this: “You want to learn more about Blockchain but are staffed on a banking transformation project? Bad luck for you. Here.. do this training about the newest banking regulation instead…fun” As your own boss, you can decide yourself which skills and what knowledge is relevant for your field. Most of all, startups are probably one of the best learning experiences you can get since you will learn new skills on the fly every day. Founders are confronted with new challenges everyday and need to find solutions for them quickly. I believe the skills you will learn as an entrepreneur are invaluable for life and career, or as someone put it (slightly exaggerated): “You will learn as much as earning a new “PhD” every week”. ** 3. The future of work & decentralization** I strongly believe that the future of work and how humanity views “work” in itself will change in the next few decades. Innovations like AI, robotics, on-demand services, and other forms of automation have already started changing traditional employment relationships and pose a big challenge to today’s workforce. Reid Hoffman makes the point that we will see a shift in workplace trends from fixed position in a big companies toward more autonomous, project-based work. Work will be more temporary, sporadic and informal and individuals should start thinking of themselves as their own “startup” / their own brand. It becomes more and more important to either become an entrepreneur yourself, or to build skills and a network that are valuable for you as your own brand. This trend of decentralized personal mini-startups ties in nicely with the general trend towards decentralization, which is mainly driven through the blockchain technology. It is definitely advantageous to position yourself early for the workplace of the future, by challenging yourself and getting exposure to entrepreneurship. 4. Blockchain as the basis of the Web 3.0 The technological innovations of cryptocurrencies (or cryptoassets as I like to call them), foremost the invention of the blockchain, set the basis for the next generation of the web — the Web 3.0. Based on the ideas of decentralization and by using blockchain technology, the Web 3.0 can be described as a human-centered internet. Today we have central, privatized and monopolistic firms, such as Facebook, that control and dominate large parts of the internet. The user often has no control over their data and big corporations are susceptible to hacks and other cyber-attacks. In contrast, the Web 3.0 is “about multiple profit centers sharing value across an open network” (This is based on Matteo Gianpietro Zago’s great article: Why the Web 3.0 Matters and you should know about it)). A blockchain-based decentralized web enables a variety of new services and dApps that come with major advantages to today’s Web 2.0: No central point of control, user’s ownership of data, reduction in hacks and data breaches, uninterrupted services, permission less access etc. are just a few characteristics of the Web 3.0. With the Web being one of the most important innovations of the last decades, and being one of the main sources for innovation, any technology or industry that is going to change the Web is highly interesting. If blockchain becomes the technological backbone of the Web 3.0, it is clear to me that a career shift into the Blockchain space only makes sense. 5. Crypto is growing & Inflow of talent The blockchain space has seen a big Inflow of talent over the last one to two years. Some of the smartest people working at Tech companies like Google or at Wall Street switched into the Crypto space. Such an accumulation of talent is bound to come up with technological innovation, new products and services. While it is still early, the blockchain technology has the potential to disrupt many other industries such as transportation, energy, or medical research. Furthermore, tokenized assets and raising money through ICO’s completely revolutionized the way how companies can get funding and enabled the birth of a new asset class (Cryptoassets). Looking past the speculative cycles of crypto prices, there is a whole world of opportunities enabled by the blockchain. New jobs, services, and products are opening up at highspeed, therefore I strongly believe that it makes sense to move in early and help build the blockchain revolution. 6. Regulation is maturing & legitimacy Regulation must not be a bad thing. I am convinced that more regulation will help the Crypto space become more transparent and reduces uncertainty for startups and investors alike. Regulation is on its way as the U.S. Securities and Exchange Commission (SEC) is starting to catch up and has clarified its position on initial coin offerings (ICOs) as securities, and Bitcoin and Ether not being securities. Other regulators, such as the Swiss regulator FINMA, are already a step ahead and for example published clear guidelines on token characterizations. I think that regulation will help make the space more trustworthy and that it enables established institutions to move into the space. This in turn helps with legitimacy and enables more opportunities for partnerships and investments from institutional investors. As someone moving into crypto, this is good news since we are getting rid of the shady prejudices that stem from the beginning of the industry, and more legitimacy only helps you with finding clients or investors. 7. Fun and meaningful work Finally, founding a startup is a fun and exciting process. While I am only at the beginning of my journey, I find a lot of happiness and meaning in the work that I am doing. Life is short and I believe in taking risks while you are young. You will always find an excuse for why not to do something, that’s why sometimes (after putting in some thoughts) it make sense to listen to your gut and just do it. I am very excited for the time ahead, since a booming industry like the blockchain space promises plenty of opportunities, facilitates the development of new skills, helps grow your network, and generally provides you with a lot of personal and monetary upside potential. I hope you found this article helpful and inspiring, and that it helped you understand why I started my own company in the blockchain space. I also plan to keep writing future articles/posts around Crypto and to share my experiences/tips from my time being an entrepreneur. Feel free to follow me on Twitter or Medium. Please let me know what you think, or let me know if you specific questions.
Every day in the anti-segwit circles, you can read that a secret band of illuminati led by AXA is using its Blockstream puppet to destroy Bitcoin. I'm sick of hearing this "fail at logic" argument over and over that I think it deserves its own answer. I wrote this quickly and it might not be 100% accurate concerning some private infos but it gives a good idea of the reality. Please link to this post if you see FUD related to this topic in the future. Let's talk about VC investing. Most Bitcoin companies (Circle, Coinbase, Blockchain.info, all ex-casino Chinese exchanges etc) will lose money for their VC. That's the nature of the business and this is exacerbated in the space because most of these guys invested in the middle of a "blockchain investing bubble" without understanding Bitcoin that well. Blockstream is a little bit different, and is maybe more akin to company like Chain which also raised dozens (hundreds?) of millions and where the real product is not a consumer website unlike these others I have cited but a TEAM that can produce blockchains (lols) and consulting. Basically, Blockstream gathered the best Bitcoin minds in the world and they can sell their services for consulting, private blockchain projects, Bitcoin sidechains (For smart customers, so must not be too many) and so on. Remember that the people who started Blockstream were either Bitcoin devs in the first place or people who have worked in related fields from the 1990s, dreaming of a digital currency before Bitcoin even existed. Their main goal was to fund Bitcoin development and to make sure that money supporting these man hours of dev would be channeled into Bitcoin rather than wasted on various altcoins. Will VC investors in Blockstream make their money back ? Probably not, like most other Bitcoin/blockchain companies and who cares ? What did they want in exchange for their money ? Make more money, keep informed on the field (why most banks and financial institutions are invested in all of these Bitcoin companies, just in case it's really the "next big thing"), and other random goals depending on who invested. Because all these Bitcoin companies have not one but many investors, each with different goals. Some investor know more or less what they are doing: Let's say Barry Silbert fund that supports Bitcoin companies in the hope to make money but also keeping in mind they can recoup through Bitcoin price increase, that's also how other early angels like MemoryDealers were investing. And some others (banks) have just too much money to waste and their own internal politics dynamics. Also keep in mind that things are bit more complicated than "I put some money in your company and I own your ass". Google invested in Uber and now they are suing them for copying their self-driving technology. One of the leading investor in Blockstream is Reid Hoffman founder of Linkedin, who explained clearly in a blogpost that his bet on Blocksteam was not a regular VC play, that he was hoping it would emulate Mozilla 's foundation model. At that time, nobody, including all these previous companies I have mentionned that raised hundred of millions, were funding Bitcoin development. So some smart BITCOIN HOLDERS with vision like Reid put money on the table to fund Bitcoin development through Blockstream with -I GUESS- the hope that the company could be sort of self sustaining through consulting/side projects. Instead of say wasting his bitcoins on the Bitcoin foundation. NOW concerning the company that all the crazies on btc keep mentioning as the illuminati/bilderberg/rotschild/freemason/whatever secret organization: AXA. It's a FRENCH insurance company. Like most other financial companies, they have a lot of money to invest, can afford to spread their "bets", they are big slow bureaucracies, that don't necessarily know what they are doing and are mostly concerned with internal politics. So you will have some random guy inside the company that will try to advance his career by betting on a new technology, the guy over him will approve the investment because he keep hearing about the new buzzword in the financial press, board meetings or at good society cocktails. And so on. I can guarantee you that the CEO of AXA has no idea what "blockstream" is doing. Better than that, most people in these companies don't know what Bitcoin is exactly and or even care about it. This is the reality. How do I know it ? I know people (Bitcoiners) who work for these multinational banks and insurers on "blockchains". Conversation goes like this "we need to do something blockchain" "I want the best expert, can we hire this guy VITALIK BUTERIN? or "X"..." No Bank CEO wakes up in the morning thinking "How am I going to destroy Bitcoin today?". Ofcourse after Kodak, Blockbuster and so on, these guys are a bit more scared of disruption like everyone else. But mostly they are overconfident and way too slow to move like every incumbents. Most of them think Bitcoin would fail by itself or will stay small and is no danger at all. And if they really wanted to take a hit at us, their solution would be to go whine to the government and pay for lobbyists that will draft anti-bitcoin legislation. But truth be told, we are decades away from being a threat to these people. Some will also throw a few prayers investments and why not hope to be a winner if the new technology really pans out by puting some money in buzzwords that pass by. Why not? But they don't lose sleep over this. Worst case scenario, they will have cashed their fat checks and stock options by a longtime when the bell rings.
Remember: even Bill Gates didn't get bitcoin at the beginning. But to his credit, was willing to listen to those with real expertise, and admit he had got it wrong.
From Nathaniel Popper's book "Digital Gold" (2015). At the Allen & Co. conference, Wences Casares was given one of the speaking slots before Jeff Bezos and Warren Buffett took the stage. [Wences is an Argentinian technology entrepreneur who had founded Argentina’s first internet service provider. Through his many connections with high profile people in Silicon Valley, Wences was already able to convince the likes of Max Levchin, Marc Andreessen, David Marcus, Reid Hoffman and many more of the promise of Bitcoin]. Wences gave what was becoming a standard talk, beginning with the history of money, and going on to discuss the potential for Bitcoin to provide financial services to poor people who had long been shut out. He touched on Xapo [Wences’ latest Bitcoin startup] only briefly, at the end. After Wences came down and took a seat with Belle [Wences’ wife], Bezos said from the stage that it was the kind of talk that kept him coming to these events. In the hallway walking to lunch, after the Bezos-Buffett conversation, Wences spotted Bill Gates, who had been notably reticent about Bitcoin. Wences knew that Gates’s multibillion-dollar foundation had been making a big push to get people in the developing world connected financially, and Wences approached him to explain why Bitcoin might help his cause. As soon as Wences broached the topic, Gates’s face clouded over, and there was a note of anger in his voice as he told Wences that the foundation would never use an anonymous money to further its cause. Wences was somewhat taken aback, but this was not the first time he had been challenged by a powerful person. He quickly said that Bitcoin could indeed be used anonymously—but so could cash. And Bitcoin services could easily be set up so that users were not anonymous. He then spoke directly to the work that Gates was doing, and noted that the foundation had been pushing people in poor countries into expensive digital services that came with lots of fees each time they were used. The famous M-Pesa system allowed Kenyans to hold and spend money on their cell phones, but charged a fee each time. “You are spending billions to make poor people poorer,” Wences said. Gates didn’t just roll over. He vigorously defended the work his foundation had already done, but Gates was less hostile than he had been a few moments earlier, and seemed to evince a certain respect for Wences’s chutzpah. Wences saw the crowd that was watching the conversation, and knew he had to be careful about antagonizing Bill Gates, especially in front of others. But Wences had another point he wanted to make. He knew that back in the early days of the Internet, Gates had initially bet against the open Internet and built a closed network for Microsoft that was similar to Compuserve and Prodigy—it linked computers to a central server, with news and other information, but not to the broader Internet, as the TCP/IP protocol allowed. “To me it feels like you are trying to get the whole world connected with something like Compuserve when everyone already has access to TCP/IP,” he said, and then paused anxiously to see what kind of response he would get. What he heard back from Gates was more than he could have reasonably hoped for. “You know what? I told the foundation not to touch Bitcoin and that may have been a mistake,” Gates said, amicably. “We are going to call you.” Not long after, in July 2015, it was announced that the Bill and Melinda Gates foundation would be promoting bitcoin awareness in Kenya. https://cointelegraph.com/news/bill-melinda-gates-foundation-promotes-bitcoin-in-kenya TL;DR ;)
Xapo’s Bitcoin Wallet Adds Support for Segregated Witness
Back in August 2017, Segregated Witness (SegWit) was implemented for bitcoin; a protocol that’s aimed at alleviating the problems of scalability and high transaction fees. Now, Xapo has integrated SegWit into its wallets and vaults in a bid to serve its retail clients as well as institutional investors who use its cold storage vaults better. https://preview.redd.it/pki0yd7wsk011.jpg?width=780&format=pjpg&auto=webp&s=b10b70d4a9fdb39b1dd2a33014acc5e74564cb8a Another Significant Player Adopts Segwit According to Yahoo Finance, the president of the Hong Kong-based Xapo, Ted Rogers has announced that the cryptocurrency wallet now supports SegWit. Xapo prides itself as the world’s most secure bitcoin wallet. It allows users buy bitcoins pay for goods and services and send money globally. According to reports, Xapo has a network of underground bitcoin vaults on five continents including one in a decommissioned military bunker in Switzerland that holds approximately $10 billion worth of the world’s flagship cryptocurrency. In January 2017, Xapo which reportedly holds about seven percent of the global bitcoin supply, was granted conditional approval by the Swiss Financial Market Supervisory Authority (FINMA) to do business in the region. Just four years old, the company has grown to become an institutional big whale in the nascent world of blockchain finance. Xapo Holds More Value than Many U.S. Banks Xapo’s $10 billion bitcoin stash is larger than 5,670 banks in the United States and the firm also handles more deposits than most financial institutions in the world. The Xapo journey started way back in 2011 when the CEO of Xapo, Wences Casares bought his first bitcoins but felt the methods of storing the coins at the time were not safe enough so he built a vault for his personal use and within a short while friends and even institutional investors started storing their cryptos in the vault. “They’re the first folks who recognized custodial, and security functions would be key. He made the pitch in the morning and in the afternoon I called him with an offer,” said billionaire LinkedIn co-founder, Reid Hoffman, who pumped in over $20 million in Xapo in 2014. With Xapo’s new support for SegWit, it has joined the growing list of wallets and exchanges such as Luno, Coinbase and a host of others that have integrated SegWit. SegWit Adoptions Nears 40 Percent The issue of scalability has been a hot topic in the world of cryptocurrencies. World number two cryptocurrency ether is also developing solutions like sharding and plasma in a bid to offer users faster transactions and meager fees while adding less burden on the blockchain. Bitcoin’s Lightning Network protocol, another solution that is touted to solve the scaling issues entirely is also on its way to full use as quite a vast array of bitcoin supporters have been experimenting with the superfast scaling system. Along with the blessing by Xapo, the Bitcoin ecosystem is increasingly utilizing the SegWit update; recent figures from transactionfee.info shows that adoption is nearing 40 percent of payments on a 7-day rolling average basis. Source
Every day you can read that a secret band of illuminati led by AXA is using its Blockstream puppet to destroy Bitcoin. I'm sick of hearing this "fail at logic" argument over and over that I think it deserves its own answer. I wrote this quickly and it might not be 100% accurate concerning some private infos but it gives a good idea of the reality. Please link to this post if you see FUD related to this topic in the future. Let's talk about VC investing. Most Bitcoin companies (Circle, Coinbase, Blockchain.info, all ex-casino Chinese exchanges etc) will lose money for their VC. That's the nature of the business and this is exacerbated in the space because most of these guys invested in the middle of a "blockchain investing bubble" without understanding Bitcoin that well. Blockstream is a little bit different, and is maybe more akin to company like Chain which also raised dozens (hundreds?) of millions and where the real product is not a consumer website unlike these others I have cited but a TEAM that can produce blockchains (lols) and consulting. Basically, Blockstream gathered the best Bitcoin minds in the world and they can sell their services for consulting, private blockchain projects, Bitcoin sidechains (For smart customers, so must not be too many) and so on. Remember that the people who started Blockstream were either Bitcoin devs in the first place or people who have worked in related fields from the 1990s, dreaming of a digital currency before Bitcoin even existed. Their main goal was to fund Bitcoin development and to make sure that money supporting these man hours of dev would be channeled into Bitcoin rather than wasted on various altcoins. Will VC investors in Blockstream make their money back ? Probably not, like most other Bitcoin/blockchain companies and who cares ? What did they want in exchange for their money ? Make more money, keep informed on the field (why most banks and financial institutions are invested in all of these Bitcoin companies, just in case it's really the "next big thing"), and other random goals depending on who invested. Because all these Bitcoin companies have not one but many investors, each with different goals. Some investor know more or less what they are doing: Let's say Barry Silbert fund that supports Bitcoin companies in the hope to make money but also keeping in mind they can recoup through Bitcoin price increase, that's also how other early angels like MemoryDealers were investing. And some others (banks) have just too much money to waste and their own internal politics dynamics. Also keep in mind that things are bit more complicated than "I put some money in your company and I own your ass". Google invested in Uber and now they are suing them for copying their self-driving technology. One of the leading investor in Blockstream is Reid Hoffman founder of Linkedin, who explained clearly in a blogpost that his bet on Blocksteam was not a regular VC play, that he was hoping it would emulate Mozilla 's foundation model. At that time, nobody, including all these previous companies I have mentionned that raised hundred of millions, were funding Bitcoin development. So some smart BITCOIN HOLDERS with vision like Reid put money on the table to fund Bitcoin development through Blockstream with -I GUESS- the hope that the company could be sort of self sustaining through consulting/side projects. Instead of say wasting his bitcoins on the Bitcoin foundation. NOW concerning the company that all the crazies keep mentioning as the illuminati/bilderberg/rotschild/freemason/whatever secret organization: AXA. It's a FRENCH insurance company. Like most other financial companies, they have a lot of money to invest, can afford to spread their "bets", they are big slow bureaucracies, that don't necessarily know what they are doing and are mostly concerned with internal politics. So you will have some random guy inside the company that will try to advance his career by betting on a new technology, the guy over him will approve the investment because he keep hearing about the new buzzword in the financial press, board meetings or at good society cocktails. And so on. I can guarantee you that the CEO of AXA has no idea what "blockstream" is doing. Better than that, most people in these companies don't know what Bitcoin is exactly and or even care about it. This is the reality. How do I know it ? I know people (Bitcoiners) who work for these multinational banks and insurers on "blockchains". Conversation goes like this "we need to do something blockchain" "I want the best expert, can we hire this guy VITALIK BUTERIN? or "X"..." No Bank CEO wakes up in the morning thinking "How am I going to destroy Bitcoin today?". Ofcourse after Kodak, Blockbuster and so on, these guys are a bit more scared of disruption like everyone else. But mostly they are overconfident and way too slow to move like every incumbents. Most of them think Bitcoin would fail by itself or will stay small and is no danger at all. And if they really wanted to take a hit at us, their solution would be to go whine to the government and pay for lobbyists that will draft anti-bitcoin legislation. But truth be told, we are decades away from being a threat to these people. Some will also throw a few prayers investments and why not hope to be a winner if the new technology really pans out by puting some money in buzzwords that pass by. Why not? But they don't lose sleep over this. Worst case scenario, they will have cashed their fat checks and stock options by a longtime when the bell rings.
Reid Hoffman and former Wall Street trader Mike Novogratz, who’s in the process of setting up his own cryptocurrency merchant bank. Their bet is that Bitcoin is here to stay, and so is its Reid Hoffman has invested in several Bitcoin companies including Xapo, Blockstream, and others. He recently funded a “Bitcoin Rap Battle” video: [source] Media Sources. Why Billionaire Reid Hoffman is betting big on Bitcoin: 2015 [source] The technology that Reid Hoffman thinks will take over our financial future. 2015 [source] Reid Hoffman has an expert eye for promising tech startups. We caught up with the father of online professional networking recently to find out why he’s betting big on Bitcoin and why he Reid Hoffman changed my life and also… Reid Hoffman changed my life and also taught me how to trade very well,I made over $57,000 during my first trade, he is an expert in trading and He is very kind irrespective of where you are from, you can be an expert too, just contact him via whatsapp @ +1 609 888 6612 Reid Hoffman is an entrepreneur and venture capitalist, best known as the founder of LinkedIn, a site which allows users to keep track of business contacts as they progress through their careers.
Bitcoin Rap Battle Debate: Hamilton vs Satoshi [Behind the Scenes]
How To Pay Off Your Mortgage Fast Using Velocity Banking How To Pay Off Your Mortgage In 5-7 Years - Duration: 41:34. Think Wealthy with Mike Adams Recommended for you On 17th January 2018, Entrepreneur First welcomed LinkedIn Co-Founder and Greylock Partner Reid Hoffman to London for a special event, Scale with Reid. In this video Reid discusses whether bitcoin ... Bitcoin is the most successful digital currency to date. It is a new form of crypto-currency in which encryption techniques are used to control the creation of new bitcoins and to verify transactions. Reid Hoffman - Bitcoin Rap Battle Debate: Hamilton vs. Satoshi (Lyrics)--I do not own anything. All credits go to the right owners. No copyright intended. Many thanks to: 06:54 This Goes Deeper...What Reid Hoffman Said 07:54 Ruling the Billionaires Worldviews & The USD Death Spiral ... What is Bitcoin, altcoins, Ethereum and other cryptocurrencies https: ...