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#Let the most rewarding source of energy power your home and industry.#1: Power plant life 25 years#2:Return on investment 4 years#3: Residential and commercial benefit.#4: Save electricity bills up to 80%#gosolar#gogreen#sunveraa#energy#future#industrial#residential#solar
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Things to Consider When Building Your Own Green Home
In a world increasingly driven by environmental consciousness, the decision to build your own green home is a commendable step towards sustainable living. Creating a space that minimises your carbon footprint and contributes positively to the planet is a rewarding journey.
If you're contemplating the construction of your eco-friendly haven, this blog will guide you through essential considerations to ensure your home is as green as can be.
1. Energy-Efficient Design
Make energy efficiency your top priority when building green. Prioritise a well-insulated shell to keep your home cosy and your bills low, all year round.
Employ energy-efficient windows and doors to minimise heat exchange and utilise materials with high thermal mass for better temperature regulation.
2. Sustainable Materials
Choosing sustainable materials is a cornerstone of building a green home. Opt for locally sourced and renewable materials to minimise the environmental impact of transportation. Consider recycled or upcycled materials for construction, such as reclaimed wood or recycled steel.
3. Water Conservation
Water-saving features are non-negotiable for a green home. Make them a priority!
Transform your water habits with the magic of low-flow! These eco-friendly fixtures deliver a refreshing spray without draining precious resources. Harvest rainwater for irrigation and consider landscaping with native plants that require less water. Efficient plumbing systems and water-efficient appliances can further contribute to your green living goals.
4. Renewable Energy Sources
Harnessing renewable energy is perhaps the most significant step toward achieving a green home. Consider incorporating solar panels into your design.
When looking for solar panel installers in London, be sure to choose reputable professionals with a track record of successful installations. Trustworthy installers can navigate the complexities of solar panel systems for your unique home. They'll ensure optimal energy production, seamless integration with your existing setup, and long-lasting performance.
5. Smart Home Technology
Integrating smart home technology can enhance your green living experience. Smart thermostats, lighting systems, and appliances allow you to monitor and control energy usage more efficiently.
Automated systems can adapt to your habits, optimising energy consumption and reducing waste.
6. Green Roofing
Green roofing is a sustainable trend gaining popularity in the construction industry. Planting vegetation on your roof provides natural insulation, reducing the need for heating and cooling. It also aids in rainwater absorption and contributes to improved air quality.
Conclusion
Building your own green home is an exciting journey that involves thoughtful planning and a commitment to sustainable living. From location and design to materials and energy sources, each decision plays a vital role in creating an eco-friendly haven.
As you take these crucial steps towards a greener lifestyle, consider partnering with Tarven Solar Energy, a leading name in sustainable solutions. With a proven track record in solar panel installations and a commitment to powering eco-friendly living, they can help you create an energy-efficient and environmentally conscious home.
Contact us today and let's build a sustainable tomorrow together!
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200430 SuperM are the stylish K-pop superheroes destined for world domination
The allure of K-pop can be difficult to explain to the uninitiated – it’s much better to simply experience it in all of its polished pop glory. That’s easier said than done right now, but had you made it down to The O2 Arena in a pre-lockdown London at the end of February, you’d have had the ultimate introduction to the genre: a night with the aptly named K-pop supergroup, SuperM.
Despite having only debuted late last year with a five-track “mini album” (that also featured two additional instrumentals), SuperM managed to pack the 20,000-person capacity arena with feverish fans, each clutching the hefty light sticks that are considered essential armoury for K-pop concerts, which would later illuminate the venue in a synchronised sea of LED allegiance. How do you land a gig at the UK’s second-largest indoor arena with only five songs to entice potential ticket purchasers with?
Well, its seven members have already been in the limelight for some time now, rising to fame in other boy bands managed their record label, SM Entertainment, who put them together with the aim of them becoming “the Avengers of K-pop”. Now 26, Taemin has been a part of Shinee since the tender age of 14; Baekhyun and Kai have been performing as part of Exo for almost a decade; Taeyong and Mark debuted with NCT in 2016; and Ten and Lucas have been a part of WayV since 2018. You can tell which band member pulled in which fans by analysing their light sticks: slime-green cubes for NCT’s Taeyong and Mark, turquoise crystals for Shinee’s Taemin, white hexagons for Exo’s Baekhyun and Kai and a green V for WayV’s Ten and Lucas, while SuperM’s own light stick is bright pink.
“I definitely never predicted that K-pop would become so loved by so many all over the world,” says 27-year-old Baekhyun backstage before the show. For many of the band’s members, this is their first time performing in London and their excitement is palpable, as they sing and joke around between themselves before sitting down to be interviewed. “I’m really thankful for all the artists and groups that worked hard and eventually paved the way for the genre to be where it is today, especially looking at how many fans there are globally and how open people are to different genres and cultures,” Baekhyun continues. “That in turn pushes us to work even harder.” What does hard work look like to SuperM? “Well, we practice hard… all night long, until we all get the choreography down.”
It may sound gruelling, but their rehearsal schedule sure pays off. On stage, SuperM attack their dance routines with military precision, with footwork so intricate that it’s a miracle they have time to catch their breath, let alone sing. By the end of the show, many of them look as though they’ve just run in from a sudden downpour, dripping in sweat and panting for air in between statements of gratitude towards the crowd. Just as well, then, that they’d saved their most intense song, “Jopping”, for last, a track that swells rock, pop, house and hip-hop influences around the catchy hook of “Cause when we jumping and popping, we jopping.” It’s the kind of song that wouldn’t sound too out of place on a superhero film soundtrack and, to be honest, the band members could probably scrub up to be pretty decent superheroes themselves – no doubt doing their own stunts as well.
It’s clear to see that SuperM are having the time of their lives, as seven guys in their twenties travelling the world, reaping the rewards of years of practice and dedication. The best part is that, despite being put together by their record label, the members genuinely seem to get on with each other. “It’s our first time touring together as SuperM and the bond has gotten a lot stronger between us as we’ve spent time together,” explains Baekhyun, who, as the group’s leader, is the most vocal. “On a regular day, we like to eat together or, if we have time, go out and shop together.” It turns out that the band had even found time to squeeze in a quick shopping trip around London before their show and, as Mark lets the audience know during the show, Taeyong went on a big splurge at Dover Street Market.
If you've already noticed the band's impeccable sense of style (and you should have; at any given time they each look as though they could be walking down the runway at fashion week), you're probably wondering what kinds of clothes SuperM like to fill their shopping bags with. Taeyong likes to keep things classic, anchoring his outfits with a black base. “Then I accessorise more on the jewellery side,” he explains. The bleach-blond-haired Taemin takes a slightly different approach, tailoring his looks to his surroundings. “When I travel, I tend to have a certain concept or image in mind for that particular city or region I’m travelling to,” he describes of his styling technique. “Sometimes I’ll dress up my outfits a bit more if I feel like it matches my perception of that city or the atmosphere, or maybe put on a coat, or maybe go all black.” Baekhyun leans more towards streetwear, favouring brands such as Supreme, but when it comes to selecting pieces he takes a similar approach to Kai, who depends on reliable basics. “I think sticking to nice basics is key, so you don’t look so over-the-top and look comfortable,” he says. As for Mark, Lucas and Ten, they prioritise comfort over anything else. “I usually think of all the clothes that I can dance in,” explains Lucas. “I think the base of whatever I wear comes from dancing.”
On the way home from their blockbuster show at The O2, I feel as though I'm coming down from a state of giddy delirium, riding a residual high from the non-stop energy that consumed the arena for the past two hours. I can only imagine how SuperM must feel, having performed the show in Paris and across the US in the weeks prior. There's been much said about the demanding nature of the K-pop industry and the impact it has on its stars. Although the band are all in high spirits, even from the eye of a spectator it looks exhausting. “We’re just like everyone else, we like to unwind the same way everyone does,” says Baekhyun when I ask how they find time to de-stress within their schedules. “Some of us like playing games, or some of us will go to the spa to relax.” Taemin cheekily chips in that some of the band members have also recently begun hitting the gym to let off some steam. “Yes, we’ve been working out hard,” agrees Baekhyun. This clearly tickles Mark, who lets out a loud laugh, in turn sparking a wave of what I assume is playful banter among the group.
And that's the beauty of K-pop, the fact that, even if there's a language barrier, you can still understand the heart and meaning behind a sentiment. In the past few years, the genre has done a phenomenal job of bridging cultures and uniting fans all over the world.
SuperM are in lockdown right now, but they've been live-streaming gigs online for their fans, complete with revised choreography and AR effects, and took part in Lady Gaga's “One World: Together At Home” concert last week. At times like these, their power to connect audiences globally feels more significant than ever. When all this is over, the Avengers of K-pop will assemble, ready for world domination, but, for now, turn up the music and get jopping in your living room. It's a guaranteed mood booster, promise.
Source: Olive Pometsey @ GQ
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The iPhone afterlife. Your next iPhone will cost much more. There are only two obvious ways to lose money: charity and stupidity. Leftism works by appealing to charity of stupidity-prone drones. From feminization of the general populace to European Union endorsement of Syrian invaders, Western governments have successfully metamorphosed from charitable to cuckold. The European youth need some deep introspection to solve this infiltration and betrayal, as do us Americans.
The American public has been sold out by its politicians, wealthy elite, and professional victims. But before we solve any social and cultural issues, we must first solve the American economy. After all, how can we revert to genuine charity when nobody has any money? Here are the five steps to reinvigorating the American economy:
1. Reduce “Made in China” imports and strive for a trade surplus
Factory manager holding monthly Walmart orders. For Chairman Mao!
There is common paranoia that our new Chinese overlords are inevitable. We run trade deficits with China so habitually that American defeatists just cry their way to Walmart. Of course, people always think the grass is greener in foreign pastures. The truth is that China is anticipating its own Baby Boomer pension collapse. During Mao’s “Great Leap Forward”, Chinese birth rates soared to meet his agricultural and manufacturing ambitions. He wanted each Chinese household to farm and smelt iron.
Mao’s economic policy failed, and China eventually enacted single child policies to relieve future pension burdens. It was too late. These Chinese Baby Boomers are now supported by China’s export-based trade surpluses. The Chinese are racing against nature’s hourglass, similar to our impending Social Security crisis. In order to avoid collapse, the Chinese economy depends on producing Gap khakis and Walmart toys, while rushing to switch to developed services such as finance and technology.
How does this relate to America? Our consumption of cheap textiles, toys and televisions is feeding their Maoist Baby Boomers. While nations like China operate on currency depreciation and mercantilist behavior, Western nations foolishly prop onto the moral pedestal of “free trade.” Western nations used mercantilism from the 1500’s until abandoning it after WWI.
Once we pull the carpet from under the Chinese and balance our trade ledgers, their welfare and pension bubble will pop. Once America revitalizes its manufacturing bases, the Chinese bubble of cheap export goods will burst. China will meet the same fate as late Rome.
How can we achieve this? The American government must offer tax incentives to corporations who shore employment to American workers. Forced employer-provided services, such as Obamacare, must be suspended. Finally, we must collect punishing tariffs on Chinese imports until they properly revalue their currency. It is time to play rough once again.
2. Reallocate foreign policy funds to subsidize nuclear power and renewable energy sources
Greatest place to build a nuclear power plant? The nation where four tectonic plates meet, of course!
Humanitarian aid and offering asylum are noble efforts, but should have no priority in times of economic turmoil. The most useful is energy, the fuel and lubricant of every economy. Israel loves boasting about their strength and independence, right? So American dollars are just scraps to them. If they are truly great allies of the American people, won’t they forgive that we can’t spare any missiles this fiscal year?
Liberals wet themselves over everything European, right? Well, the French get over 80% of their electricity from nuclear fission. Are Americans paranoid about nuclear power because of the Chernobyl and Fukushima disasters? Firstly, engineered products of Communist regimes were always of infamously low-quality. Chernobyl was the result of “socialize losses, privatize profits.”
After all, why should an industrial firm under Communism innovate or guarantee product quality, when state owned enterprising dictates that failure is rewarded with research subsidies? Fukushima was in Japan, a nation atop multiple tectonic fault-lines, so an earthquake-induced disaster was inevitable.
The French have a perfect track record with nuclear power plants. Nuclear power plants should utilized within inland states free of frequent natural disasters. The coastal and riverside states should receive research and construction subsidies for hydroelectric and tidal energy plants.
3. Strictly enforce immigration policies
She’s here for some English learning. If you don’t support it, you’re a misogynist.
All illegal immigrants share two characteristics. Firstly, they have propensity to break the law, as their presence is already evidence of laws already violated. How can I depend on a neighbor to be well-behaved, when they broke the rules to become my neighbor? Secondly, their presence skews economic and logistical calculations. Although they are not legal citizens, their presence interferes with census data, district allotment, and native wages. I won’t even start on the high rate at which they receive welfare.
Now contrast this with the characteristics of a foreign student graduating from an American university. A graduating student obviously bothered to learn the English language. This graduating student has shown an ability to pay (or will pay) tens of thousands of dollars of tuition, as well as ensure enough earning potential to not receive welfare.
However, we are rolling foreign students through our prestigious universities before forcing them back to their home countries. This process of “brain drain” is moronic and suicidal. Why do we expel the intelligent, stable, and studious members, while ignoring potential criminals entering our borders? We should therefore offer work visas or citizenship to foreign exchange students graduating from American universities.
4. Encourage electronics recycling within the United States
While we are distracted by subjective issues such as “equality” and “patriarchy,” there is an investment that garners no attention—American supply of precious metals. Precious metals, such as gold, copper, and lithium are found in everything. American manufacturing is based on highly sophisticated goods, such as Boeing aircraft.
As we demand smarter smartphones and missiles that fly further, demand for computer chips will skyrocket. However, for a pretty view and cheaper disposal costs, American electronics are dumped into Asian and African landfills. This is an issue where only pictures can show the magnitude:
There’s more copper in that bowl than all the pennies in the USA.
The iPhone afterlife. Your next iPhone will cost much more.
This bounty should have been ours. We are playing them dollars and precious metals, to charge us more dollars later.
Those foreign recycling firms scavenge and recycle these precious metals and resell them to American manufacturers at a decent markup. As these landfill nations emerge, they will either a) hoard these precious metals for domestic technology firms, or b) hoard these precious metals and charge American firms monopoly prices. If you think a replacement battery for your laptop is expensive now, how much will it cost if China’s landfills held 70% of the world’s lithium reserves?
5. Abolish affirmative action quotas based on ethnicity and gender
A woman trying to be even less productive.
The original purpose of affirmative action was in education for African Americans, rightfully justified by atrocities committed by a subset of Southern agriculturalists. It eventually included women and Latin Americans. Nowadays it has become the Olympiad of Victim-hood.
Let’s examine Rachel Dolezal. She was the white woman who tanned and changed her hairstyle for positions in Howard University and NAACP:
Leftists say race is a human construct and not real. All races are therefore equal.
Rachel Dolezal wasn’t allowed be Black. Leftists insist on separating Black and white.
“Separate, but equal” is also known as segregation.
So affirmative action is segregation.
Affirmative action disincentivizes both the “privileged” and “victim.” The “privileged” won’t be productive because of the threat of being displaced or plundered. The “victim” will receive the spoils of plunder or displacement regardless of productivity. The country thus loses two shares of productivity, all for some fairy-tale rendition of fairness, equality and sparkling unicorns. The American government needs to gradually abolish affirmative action policies, and start heading for meritorious rewards.
Conclusion
All these steps encourage self-dependence, abandoning unnecessary burdens, and accumulating resources for the future. We need a long-term energy source, a domestic manufacturing base and precious raw material. We cannot afford foreign aid, providing economic asylum or pandering to victim-hood.
I’m not saying to abandon charity or sympathy for the unfortunate, simply that it is dangerous for a government to contort economic outcomes for its own ideal of charity. It is time for America to stop feeding from the cauldron of guilt stirred by the Leftists. It is time for America to rise again.
Read More: Why The American Economy Needs The Beta Male
Our understanding of the beta male’s status as an underappreciated, and downright derided figure in modern American society is reasonably well developed, but what is his true utility? While an answer to this question has been touched on before, I posit that an even clearer resolution can be found through an examination of the modern American system’s consumerist imperative.
Our society starts adhering to this consumerist imperative by promoting the growth of rampant materialism amongst Americans from an early age, with the media as a main tool. Young Americans learn early on that “bigger is better,” regardless of whether it actually is. A celebrity-centric, materialist culture heavily focused on spending and the trappings of it (as well as how to look like you have it) is the result. Add American culture’s uniquely competitive and adversarial nature to this and you’ve got an even bigger phenomenon, with Americans all striving to outdo one another in this materialistic effort (“Keeping up with the Jones,” or Kardashians) and spending money they don’t have in the process.
Then the society uses a host of clichéd but heavily romanticized tropes about the “American experience” that are designed to reinforce all of this.
The first important trope is “The American Dream” (sizable suburban home, some land, fence, two $30,000+ cars, etc.), which is romanticized to an extent that many Americans can’t be satisfied with anything less as a long term goal. That, combined with the promotion of the rabid materialism mentioned earlier, makes them susceptible to overspending in order to reach that goal, ensuring that they never have much to save. Of course, thanks to the promotion of the trope, most Americans still feel it is all worth it even if they can’t afford it and go into debt.
Then you have another important trope involving work ethic. This stems from America’s puritanical roots, and is a key reason why Americans work more and vacation less than almost anyone else in the developed world. This is the type of trope that keeps the average American worker bee laboring almost constantly.
All of these things, combined, help to ensure that the average American is always spending, never saving, and constantly producing with relatively less leisure. The wage slave, the majority of the USA’s populace, can’t save and thus can’t stop working. The average American is, in essence, a slave to consumerism.
The tropes noted are particularly important, since they essentially cover the bases even for most of the minority of Americans who earn more (upper middle class or above) and could in theory end up saving more. Because materialism and consumerism are so heavily promoted and “bigger is always better,” those who make more rarely use the surplus to save or build any real wealth—they just spend more.
Thus, you have a game in which nobody really wins. Even when you do “win” (read: succeed as a capitalist and gain a high income), you end up losing because you spend it all trying to outdo everyone else and live up to the materialistic ideals that have most likely been drilled into you (and if the consumerist impulse doesn’t get them, then absurdly high school debts will). In the end, even a good number of these high-earning individuals have nothing more to show for it than those below their income level (unless, of course, they’re aware of these tropes, which most Americans aren’t).
This is actually kind of an intricately brilliant formula, and would probably do wonders for anybody at the top of society looking to maintain hegemony. Such individuals may maintain an ethos of inter-generational wealth (read: controlled spending, prudent wealth-building investment, etc.) that preserves their status and allows them to maintain control of America’s financial and industrial life.
This entire system counts on one crucial piece, however, without which things would likely grind to a halt.
The Indispensable Beta Male
Seeing through the rigged nature of the sexual marketplace is as hard as seeing through the larger economic game. In fact, I think a lot of the tropes associated with our modern sexual marketplace are intimately related with the consumerist and materialist tropes we’ve been talking about. Yes, it is true that the vast majority of the grunt work that keeps the foundations of our society sound (e.g. infrastructure maintenance, defense, law enforcement, etc) is carried out by beta males. I’ve written about that before, but the beta’s usefulness to the economic system goes well beyond that.
Married men make for vastly superior wage slaves, and the beta male is the most common and most useful of all married men—they form the backbone of this entire system. Their instilled “duty” to their wives and family is easily co-opted and exploited to fit the rigged materialist game. Now it is not just about competing with other individuals, but rather outdoing other families (bigger houses, two or three nicer cars in driveway, bigger vacations, better and more expensive private schools, etc.). The element of family just makes the stakes a lot higher, and it is the beta’s support that makes such an increase possible: his labor and devotion facilitate vastly greater sums of expenditure (he’s got a lot more to pay for), while subsequently freeing those he supports (wife and children) to focus almost entirely on consumption. He’s doing all of the producing, ensuring that they are free to lay back and take more than they give without much thought.
The ability of a betatized and married man to see through the game and avoid its pitfalls is much lower than that of a disconnected single guy, especially when said single guy is anything like Roosh, Heartiste, or any other number of manosphere men. Because he is a devoted beta, he’ll see few other options aside from slaving away into eternity and going into debt to provide the American Dream for those he loves, who are free to benefit immensely from said labor and consume absent much thought to how much of a contribution they themselves will make.
The game knows that the consumerist ethos it promotes is especially effective on women, who shop and consume more often and more leisurely than men do and are much more wary of their social status relative to one another (which means they’ll want to compete more with other women, spending more in order to do so). Modern marriage serves to link the beta male to these women. Result? He is likely to face a lot more pressure from his wife to push further and further (bigger house, money for shopping, bigger cars), pressure he’d be less compelled to give in to as a carefree bachelor. Women are often a little less willing than the average guy to drop out of the consumer culture and generally more willing to invest deeply in it. By linking these women with devoted betas who are willing to provide at all costs, the game helps to keep men in the fold more firmly. If those men were on their own, they’d be far less likely to play.
The presence of a wife will also make it more likely that more of his income goes into consumer purchases than it would on his own. Women do much of the shopping in these families, and thus control how much of total household income is spent. All of this is key to keeping the worker bee in line, and also ensuring that there will be more future worker bees (kids = much more money spent come Christmas time and many other occasions = even more indebted and dependent worker bees = profit).
In the case of divorce? The game has a simple solution: shift laws in women’s favor so as to guarantee that, more often than not, they will garner a larger sum of the male’s income (alimony, punitive child support, etc.). The game realizes that women are more prone on average to their message of consumerism, so it seeks to ensure that a decent sum of money still remains in their hands in all scenarios.
Thus, the sexual marketplace is geared to create more married, beta males and, in doing so, shift a larger portion of the nation’s money supply into the direct or indirect control of those more likely to spend it (women). The game needs devoted, married betas in order to work, and they’re the main force holding it all together. If too many men start going their own way and forgoing marriage (and the expensive duties now intimately linked to the institution), the game might lack for players.
Will enough of the male population remain invested in order to keep everything going? This remains to be seen.
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Most Rev. Michael Curry’s Moving Sermon in #RoyalWedding: A Reminder of What Love Should Be
The Royal Wedding of Prince Harry and Meghan Markle was the most talked about event worldwide in this month of May. One of its highlights is the powerful sermon of Rev. Michael Curry.
He is the first black presiding bishop of Episcopal Church. His ancestors are from the lineage of African slaves. He is a known advocate of social justice and equality.
Everyone was moved with his sermon. The Internet admired how Most Rev. Curry explained and illustrated how love should be. The love he referred to is not simply limited to the love between husband and wife, but to all forms of love in this world.
Indeed, this world will be in a better place with the kind of love he emphasized.
The kind of love that is so strong it can overcome hatred, racism, poverty, inequality, oppression, apathy, and indifference. The kind of love that is so selfless it drives people to be willing to sacrifices their interests for the sake of everyone. The kind of love that is so gentle it teaches patience, persistence, and perseverance despite of repeated hurt, failures, and rejections.
In a world where love truly rules, each one will be in a happy family, assuring relationships, safe community, and progressive country regardless of the age, socio-economic status, religion, race, color, beliefs, ethnicity, and principles.
In a world where love inspires everybody, no one will be left behind. Every conflict and problem are given solutions through the initiative and cooperation of individuals and groups. No more heartbreaking stories on the news caused by war, crime, or poverty because love can propel improvements and breakthroughs to end them all.
We all long and desire for that world full of genuine love where the joy will always surpass the pains. It will be difficult because it needs us to go extra mile, have a change of heart, and focus on the positive always. These struggles will bear a fruitful reward in the end because every action with love has an encouraging ripple effect to ourselves and other people.
In this one life each of us have, let us always be reminded of the great driving force of love behind the things we say, do, and decide in our everyday life.
Read the full transcript of Most Rev. Michael Curry’s Sermon:
“Set me as a seal upon your heart, as a seal upon your arm; for love is strong as death, passion fierce as the grave. Its flashes are flashes of fire, a raging flame. Many waters cannot quench love, neither can floods drown it.” - Song of Songs 8:6-7
The late Dr. Martin Luther King, Jr. once said, and I quote:
“We must discover the power of love, the redemptive power of love. And when we discover that, we will be able to make of this old world a new world. Love is the only way.”
There’s power in love. Do not underestimate it. Don’t even over-sentimentalize it. There’s power in love. If you don’t believe me, think about a time when you first fell in love. The whole world seemed to center around you and your beloved. Oh, there’s power, there’s power in love.
Not just in its romantic forms, but any form, any shape of love. There’s a certain sense in which when you are loved and you know it, when someone cares for you and you know it, when you love and you show it, it actually feels right. There’s something right about it.
And there’s a reason for it. The reason has to do with the source. We were made by a power of love. Our lives were and are meant to be lived in that love. That is why we are here. Ultimately the source of love is God himself. The source of all of our lives.
An old medieval poem says it:
“Where true love is found, God himself is there.”
The Bible, 1 John 4 says it this way. “Beloved, let us love one another, because love is from God; Everyone who loves is born of God. Whoever does not love does not know God For God is love.” (1John 4:4-8)
There’s power in love. Love can help and heal when nothing else can. Love can lift up and liberate for living when nothing else will. There’s power in love to show us the way to live. Set me as a seal on your heart, for love is as strong as death.
And the love that brings two people together is the same love that can bind them together, Whether on mountaintops of happiness and through valleys of hardship.
Love is strong as death Its flashes are flashes of fire. Many waters cannot quench love. Love can see you through! There’s power in love.
II
But the love of which we speak is not only for couples getting married or just for interpersonal relationships.
Jesus of Nazareth taught us that the way of love is the way to a real relationship with the God who created all of us, and the way to true relationship with each other as children of that one God, as brothers and sisters in God’s human family.
One scholar said it this way:
“Jesus had founded the most revolutionary movement in human history: a movement built on the unconditional love of God for the world and the mandate to live that love.” (Charles Marsh’s The Beloved Community)
I’m talking about power. Real power — power to change the world.
If you don’t believe me, well, there were some old slaves in America’s antebellum South who explained the dynamic power of love and why it has the power to transform.
They explained it this way — they sang a spiritual, even in the midst of their captivity, it’s one that says: “There is a balm in Gilead to make the wounded whole. There is a balm in Gilead to heal the sin sick soul. If you cannot preach like Peter, And you cannot pray like Paul, You can tell the love of Jesus, How he died to save us all. That’s the balm in Gilead.”
This way of love is the way of life. They got it — he died to save us all. He didn’t die for anything he could get out of it. Jesus did not get an honorary doctorate out of it.
He wasn’t getting anything out of it — He did it for others, for the other, for the good and well being of others. That’s what love is
Love is not selfish and self-centered. Love can be sacrificial. And in so doing, becomes redemptive. And that way of unselfish, sacrificial, redemptive love can change lives and it can change this world.
If you don’t believe me, just stop and think and imagine a world where love is the way.
Imagine our homes and families when this way of love is the way. Imagine our neighborhoods and communities when love is the way. Imagine our governments and nations when love is the way. Imagine business and commerce when this love is the way. Imagine this third old world when love is the way.
No child would go to bed hungry in such a world as that. When love is the way, we will let justice roll down like a might stream and righteousness like an ever-flowing book.
When love is the way, poverty will become history. When love is the way, the earth will be a sanctuary. When love is the way, we will lay down our swords and shields down by the riverside to study war no more.
When love is the way, there’s plenty good room — plenty good room — for all of God’s children. When love is the way, we actually treat each other like we are actually family. When love is the way, we know that God is the source of us all. We are brothers and sisters, children of God.
Brothers and sisters: that’s a new heaven, a new earth, a new world, a new human family.
Let me tell you something: Old Solomon was right in the Old Testament — that’s fire. And with this, I will sit down: we got to get you all married.
III
The late French Jesuit, Pierre Teilhard de Chardin, was at once a scientist, a Roman Catholic priest, a theologian, a true mystic. His was one of the great minds and spirits of the 20th century. He suggested that the discovery and harnessing of fire was one of the great scientific and technological discoveries of human history.
Fire, to a great extent, made human civilization possible. Fire made it possible to cook food, thereby reducing the spread of disease. Fire made it possible to stay warm in cold climates, thereby marking human migration around the world a possibility.
Fire made the Bronze Age, the Iron Age, the Industrial Revolution possible. The advances of science and technology are greatly dependent on the human capacity to take fire and use it for human good.
Anybody get here in a car today? Nod your heads if you did. I know there were some carriages.
If you drove here this morning, you did so in part because of harnessed fire. I know that the Bible says I believe that Jesus walked on water, but I have to tell you, I didn’t walk across the Atlantic Ocean to get here.
Controlled fire in that plane got me here. Fire makes it possible for us to text, tweet, email, Instagram and Facebook and socially be dysfunctional with each other. Fire makes all of that possible.
De Chardin said that fire is one of the greatest discoveries in all of human histories. He then went on to say that if humanity ever harnesses the energy of fire again, if humanity ever captures the energy of love, then for the second time in the history of the world, we will have discovered fire.
Love is the very fire and energy of real life!
Dr. King was right: We must discover love. The redemptive power of love. When we do that, we will make of this old world a new world.
“My brother, my sister, God love you, God bless you. My brothers, my sisters, God love you, God bless you. And may God hold us all in those almighty hands of love. Amen.”
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http://time.com/5283953/royal-wedding-sermon-transcript/?utm_source=twitter.com&xid=time_socialflow_twitter&utm_campaign=time&utm_medium=social
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Ensuring an equitable hiring process
Across the world, merit is widely considered a fair and legitimate principle for guiding employment decisions in organizations and in public affairs, such as educational systems.
In order to stay competitive, companies need to select, hire and retain the best talent. Many organizations (and governments) today have established a system of meritocracy which means recruiting and promoting people based on their abilities, effort and performance with the intention to promote equitable treatment and opportunities for everyone.
The framework of a meritocratic system aims for evaluating people solely on their skills and performance and not based on their gender, age, race, physical appearance, personal orientations or their connections. Meritocratic systems might also be called “people analytics” as they are based on setting up processes and then monitoring and evaluating outcomes.
A meritocratic system is effective and motivating for individuals who are able to perform according to the defined standardized expectation.
The challenge with meritocratic system
The problem that appears often in meritocratic systems is how “merit” is defined and measured.
Empirical studies show that meritocratic systems tend to reward those who already are set up for success thanks to their socio-economic background, resources, acquired tools and their support network.
Two key challenges of meritocratic systems are that
the playing field is not level
An example to illustrate this is the culture of “always available and always mobile” which then shows an employee’s commitment and loyalty to the employer. The prevailing gender roles - with women being the main caregivers for children and elderly – take out the wind of women’s sales and make it harder for them to get to the top of their organization while delivering double shifts of work in the office and at home.
decision-makers might be biased in recognizing abilities, effort and performance of certain individuals
Women tend to use a different language to express their ambition or share their success. Women also tend to be perceived differently when they express their ambition or share their success: compared to men, there are higher social risks involved for women. When communicating their ambition or expectations for salary and benefits, women are easily perceived as “pushy / aggressive / less nice” while men are perceived as “assertive / confident / results-oriented”.
A study called Ambition and Gender at Work conducted by the Institute of Leadership and Management in 2011 showed that managers often associate their male team member’s success to skill and their failure to bad luck; whereas for women they tended to associate their success to luck or the task being easy.
Meritocracies substituting one form of inequality with another
The sociologist Michael Young published more than 60 years ago his book The Rise of Meritocracy and anticipated that meritocracies will not solve problems of inequality and social status but rather substitute one form of inequality for another.
Alan Fox, a colleague of Michael young and another industrial sociologist wrote that meritocracy is “the society in which the gifted, the smart, the energetic, the ambitious and the ruthless are carefully sifted out and helped towards their destined positions of dominance, where they proceed not only to enjoy the fulfilment of exercising their natural endowments but also to receive a fat bonus thrown in for good measure”.
In 2010, Emilio J. Castilla of MIT’s Sloan School of Management conducted research on meritocratic systems in organizations and concluded that despite the good intention, these systems inadvertently engage in non-meritocratic behavior and thus perpetuate the disadvantage of groups with less power such as women and minorities. (If you are interested in the details of the research, you can read The Paradox of Meritocracy in Organizations here).
How to create more equitable organizations?
So, all this begs the question, how different systems (organizations, educational institutions, governments) can create more equity that truly allows for fair access to resources, support and opportunities?
There are several components of corporate culture such as
hierarchy,
power structures,
policies and processes,
symbols,
stories,
rituals and routines.
Corporate culture = Policies + Practices
In a simplified way, these components focus on two big areas that work together like cogwheels:
Policies
Practice
Together, they influence whether a company’s culture is rather collaborative and equitable or dominant and biased. There are many companies that have an impressive number of policies that were created to enhance fairness and equal access to opportunities. Equally, there are lots of companies that invest time and energy in creating a collaborative and equitable culture by training employees, sponsoring them for coaching and considering not only WHAT is being achieved by employees but HOW.
And yet, every phase of the employee life cycle can be derailed from an equality, diversity and inclusion perspective.
Let’s look at five practices in the early stages of the employee life cycle: pre-hiring and recruitment.
1) Your brand representation
How does your marketing and branding look and how do they position you as an employer of choice? What are the images and words used on your website, in your recruitment literature or your annual business report?
If you want to cultivate diversity, inclusion and equity, best is to know the different communities in your target audience and connect with them in a meaningful way. Use inclusive words and state your commitment to creating an inclusive workplace.
2) Direct, online applications
Is your website fully accessible for people with different abilities? People with impaired vision might want to change the font size; people with dyslexia might be disqualified through online testing while they might have the aptitude to perform the role. Berkeley Web Access is one website that can help you with making your company website accessible for everyone.
3) Diversity requirements when working with recruitment firms
Consider at least one company that specializes in sourcing diverse candidates and discuss with them where they will source their candidates from. Candidates represented for any given role must have women, men and candidates with diverse backgrounds.
In Singapore, there is for example the company Diversely that helps organizations across the world find the best talent and reach diverse talent groups.
4) Contextual recruitment
This approach takes a more holistic view of candidates: instead of primarily looking at academic achievements, they also consider socio-economic challenges of the candidates. What were the obstacles they needed to overcome to achieve their certificates / diplomas? How much more determination, grit and resilience did they have to bring compared to candidates who have a more comfortable and supportive socio-economic background?
5) Strengths-based interviews
The classic interview questions focus on competencies, meaning on your skills that you have acquired so that you can perform certain tasks and roles in a competent way. The disadvantage is that many people are good at certain things but they do not necessarily enjoy them and that affects their enthusiasm and energy levels.
Strengths-based interviews will look closely at those competencies that are rarely taught in formal education and people will usually have no certificates and diplomas about them. Strengths are qualities that we have and that not only we are naturally good at but we also enjoy doing.
When you interview people for their strengths, you find the most suitable person based on what they are competent in AND what they enjoy.
Conclusion
As businesses work toward increasing growth, creating value and social capital, they need to differentiate from other market players and innovate to secure market share. Diversity is a fundamental element of creativity and innovation, yet it only works when it is enabled through inclusive leadership.
If you are truly committed to making workplaces more inclusive and more equitable, you need to work both on policies and practices to attract and retain the best and most diverse talent.
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China’s leadership in the Bitcoin mining industry will be challenged
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China’s leadership in the Bitcoin mining industry will be challenged
If you talk about Bitcoin (BTC) mining, you have to talk about China. China has become a giant in the Bitcoin mining ecosystem with major mines and pools, quick, cheap labor and a majority control of the world’s hashing power. So, should you go set up a mining operation there? Do the pros outweigh the cons? Is China actually a threat to the Bitcoin ecosystem? Let’s look at the state of Chinese mining.
Back to the basics
In the beginning of Bitcoin, you could simply mine from your laptop or set up a few miners in your home to run the hashing algorithm. But as more miners started turning on and the Bitcoin mining difficulty rose, higher levels of computing power and electricity was needed to solve the equations and reap the reward.
Only a finite amount of Bitcoin can be mined — 21 million tokens — so as time goes on, it will get harder and harder to mine them. Miners continue to need better and faster hardware, which requires more electricity. Today, mining operations are moving to large data centers where thousands of miners run day and night.
Related: How to mine Bitcoin: Everything you need to know
Why mention all of this? Because when mining at a large scale, electricity costs, labor costs, the speed of acquiring new hardware and sustainability come into play if generating profit is the goal — and China has the advantage in nearly all of these areas.
The state of mining in China
At the end of 2019, China produced nearly two-thirds of the world’s hashing power. Even though cryptocurrency usage and exchanges are reportedly banned in China and Bitcoin mining was once in danger of being shut down, the government took an about-face and is increasingly embracing the use of blockchain technology in its major industries — and allowing Bitcoin mining to grow.
Related: US Bitcoin holders worry about Chinese control of the mining network
Bitcoin mining in China is a growing industry because labor costs are cheap, turn-around time is incredibly quick, and lead time and production costs are much lower, since the country is a hub for global trade. Since much of the hardware used to mine Bitcoin is made in China, miners can very quickly be upgraded. If you want to set up a data center fast with low overhead and expenses, do it in China.
Low electricity costs in the form of hydropower are available as well. Because Bitcoin mining requires so much electricity between powering the miners and powering the fans to cool the miners, a data center needs to get electricity as cheaply as possible. Hydropower in the Sichuan province is reportedly as low as $0.02 per kWh during the rainy season, and the Chinese government is now encouraging mining in this province so operations can take advantage of the hydropower plants there.
Related: Sichuan rainy season to give Bitcoin hash rate a much needed jolt
But only some Chinese mining operations run on cleaner, cheaper hydropower. Most run instead on coal, which is a dirtier and more expensive option. Of the main power sources today, hydro is the cheapest, at around $0.01 to $0.02 per kWh, with wind being another cheap option at $0.025 cents per kwh. Gas and coal are the more expensive options, at $0.03 to $0.035 cents (plus transmission costs and taxes). So, while labor and materials may be cheap, coal usage makes mining operations unsustainable from both a cost perspective and environmental perspective. Factor in the political instability of setting up mining operations in China, and you may want to look elsewhere.
Can China stay on top?
Anyone wanting to set up scaled mining operations are increasingly seeking out locations in Nordic countries, Canada and the United States. While these locations may offer higher start-up expenses and maintenance costs, the availability of sustainable, cost-effective electricity is proving to be a big advantage. Additionally, these areas are more politically stable, so there is less threat that the government will one day decide to shut down all mining operations. In fact, Canada deemed mining operations as “essential services” during its COVID-19 pandemic shutdown.
Related: Regulatory overview of crypto mining in different countries
This may be the reason why the world’s hashing power is shifting locations. According to a recent report, Chinese hashing power is decreasing compared with last year yet growing in other parts of the world.
Another reason for this decrease may be that Chinese mining was hit hard in 2020. The COVID-19 pandemic disrupted supply chains, causing new hardware to be significantly delayed in getting to data centers. In an industry where every minute counts, using slower, older miners for even a day longer means losing money and advantage. Additionally, China’s quarantine rules prevented workers from tending to their rigs, further disrupting operations.
Additionally, the third Bitcoin halving occurred this past May, cutting the mining reward in half and forcing miners to make significant upgrades to their hardware to stay competitive. Because it now takes twice as much hashing power to mine the same amount of Bitcoin as a year ago, mining operations have needed to not only upgrade, but make sure their energy costs were staying efficient. Following the halving, many miners around the world switched off because the endeavor was no longer profitable.
On top of it all, this summer’s monsoon season caused excessive flooding in the Sichuan province, leading to electrical shortages that cut up to 20% of the region’s hash rate.
Despite these significant setbacks, mining in China is sure to bounce back. But with other parts of the world embracing and encouraging Bitcoin mining, and with the greater sustainability offered elsewhere, we may soon see China’s place as the giant of the industry challenged.
The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Philip Salter is the head of mining operations at Genesis Mining, the world’s largest cloud crypto mining operation, where he leads the software development, data engineering and research teams. Salter started his career as a software developer for BSI Business Systems Integration AG. Salter is an avid miner and crypto enthusiast based in Germany.
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Suppose that a bigger problem is made up of a million points. Each of these points is breaking through something hard (whether by 1 go or by 100 different pushes) to get to the final solution. And these points are ranked from the #1 hardest block to the millionth hardest block.
Because if there’s a million, it’s motivating that we move as many points as we can, isn’t it? At the end of the day, we didn’t just move 1, we moved 100 or 1000 or 10000 or 100,000. That’s motivating if you’re working on several things right (e.g. Venezuela and Yemen)?
The problem with the million points method is how to figure out which group of people should solve each group of points, because, well, there’s a million points.
Maybe you use the million points method to motivate yourself when you’re working on multiple problems (e.g. I’m going to focus on 20 this week- you might focus on 3 or 6- or 1,2,10- whatever motivates you),
And the 10,000 problems method is for figuring out what group of people should solve what types of problems (as it’s not overwhelming)
And it helps to always stretch yourself a bit- aim for the harder points, the harder #s, in a sustainable (i.e. motivating way)
Maybe the easier parts of the 1 million aren’t that hard, they’re pretty easy
And in a more overall way, I wonder what the best worldwide methods could be for:
Effectiveness- 1 million best points
Safety- 1 million best points
Rewards/Motivations- 1 million best points
Self-care/Health/Take not aging much seriously Please- 1 million best points
Because it looks like there is a strong likelihood for the sanctions to continue on the PDVSA in Venezuela, how would you create 100 new ethical, safe income sources for the most vulnerable Venezuelan people? As in, what would some of them be, in a way that covered all or most of the most vulnerable people, income wise?
They would need to be “incomes that cover all of a family/person’s needs, at the different levels going for- e.g. going for level 1, going for level 2, going for level 3”- e.g. a whole income/business/self-employed with low capital startup that employs a tonne of Venezuelans- especially those that bring in export money.
And how can Venezuelans (and foreigners- although treat this like a boost rather than any kind of dependency) intensively train Venezuela’s most at-risk and vulnerable to quickly get the skill level to do these?
For example, it seems like 4 potential income sources for Venezuelans are (1) contracts in ship parts, and anything to do with ships- how do you win contracts with these, (2) anything that makes the other Latin American countries better off with transportation- how do you win contracts with these, (3) manufacturing cleaning goods, (4) IT skills or app development- we don’t need computer science or IT degrees- we just need job tasks that need to be done, and we can export them and everyone can get enough money for food, gas and needs; and people who organize these (high value), (5) ethical ways to optimise your immune system and survive the coronavirus.
For people in Venezuela, it would be incredibly important to build (ethical) relationships with the outsiders who could help a lot and see them as potential boosts in the points up to solutions that cover everybody- but do not be dependent or sit around and wait for outsiders- in very, very, very safe ways, keep creating momentum yourselves too.
Therefore, money comes into the country via these exported sources. Then the people working in these export businesses also spend some of their disposable income on local businesses. Then some of the local businesses support local businesses. That’s the idea. Money flowing in, with a % spent on internal businesses.
And what are the 5 structural things that most need to be done to support this- e.g. do people in more vulnerable areas have more access to
Because considering the recent report and what is happening with not allowing elections that genuinely reflect what the people need and want (as well as the drug and crime related risks to the international community), the sanctions might be there for another 4-8 years.
It is also worth all Venezuelan focusing 99% of their emotions and energy on the things that they Can Do, Control or Influence (currently existing and to be created/thought of), and avoiding thinking about things that they can’t Do, Control, or Influence (stoicism).
World help would also be greatly be appreciated as this is one of the world’s biggest humanitarian disasters.
What are the hardest one million points that need to be solved and implemented for persuading the 150 most powerful and influential people in government to genuinely do what is best for the people?
The one million hardest bits that need to be solved and implemented?
What are the hardest one million points that need to be solved and implemented so that the most vulnerable 40% of Venezuelans- and especially the most vulnerable 5%/10%/15%- have enough to get by/ aren’t too stressed- and for real reasons, not false ones.
I have given it about 20 goes so far, most reaching maybe 10-10,000 points each. But every time I reach something that creates huge points (e.g. 100,000) I’m feel really excited and happy.
Work done in the spirit of service is the highest form of worship. Abdul Baha
The diversity in the human family should be the cause of love and harmony. Abdul Baha
https://www.google.com/imgres?imgurl=https%3A%2F%2Fbahaiteachings.org%2Fwp-content%2Fuploads%2F2018%2F08%2Fmona-jamali-love-is-a-light-wooden-piece.jpg&imgrefurl=https%3A%2F%2Fbahaiteachings.org%2Fhow-to-creatively-share-unifying-teachings-bahai-faith%2F&tbnid=9hCKur4-acOqVM&vet=12ahUKEwjouN68pq_sAhX-zXMBHX_cBUsQMygTegQIARA6..i&docid=Z5QdZVAQf0FUoM&w=900&h=900&q=baha%20quote%20if%20you%20meet%20those%20of%20a%20different%20race%20and%20colour%20from%20yourself&ved=2ahUKEwjouN68pq_sAhX-zXMBHX_cBUsQMygTegQIARA6
https://www.caracaschronicles.com/2020/10/02/venezuela-the-fourth-worst-alimentary-crisis-in-the-world/
https://www.bloomberg.com/news/articles/2020-06-25/a-fifth-of-food-output-is-wasted-in-famine-threatened-venezuela
https://www.infobae.com/america/venezuela/2020/10/10/los-metodos-de-censura-en-venezuela-tenemos-detenidos-hasta-por-sus-estados-de-whatsapp/
https://www.aljazeera.com/news/2019/2/23/venezuela-the-military-and-its-support-an-explainer
https://www.infobae.com/america/venezuela/2020/09/25/el-reclamo-de-un-militar-retirado-a-vladimir-padrino-lopez-no-recibimos-pension-sino-una-pequena-ayuda-que-no-cubre-el-5-de-la-canasta-basica/
https://reliefweb.int/report/venezuela-bolivarian-republic/venezuela-crisis-response-situation-report-september-2020
https://www.stabroeknews.com/2020/09/27/opinion/letters/guyana-will-only-support-a-democratic-change-that-brings-better-outcome-for-all-venezuelan-people/
https://www.peacepalacelibrary.nl/2016/01/essequibo-the-territorial-dispute-between-venezuela-and-guyana/
https://www.theguardian.com/world/2020/feb/24/venezuela-hungry-food-insecure-un-world-food-program
https://www.infobae.com/america/venezuela/2020/09/27/el-bid-destinara-8000-millones-de-dolares-para-reconstruir-venezuela-durante-la-transicion-democratica/
https://www.stabroeknews.com/2020/10/13/features/project-syndicate/taking-venezuelas-human-rights-crisis-seriously-2/
https://www.wsj.com/articles/venezuelas-food-chain-is-breaking-and-millions-go-hungry-11601544601
https://www.usnews.com/news/world/articles/2020-10-12/in-venezuelan-rural-heartland-angry-maduro-supporters-fuel-protest-wave
https://www.nationalheraldindia.com/opinion/we-are-judged-by-the-way-we-treat-the-weak
Act justly, love mercy, walk humbly with your God. Micah 6:8
Let’s also all memorise that superficial appearances mean nothing. We are all individuals: all of us.
Real liberty can exist only where exploitation has been abolished, where there is no oppression of some by others, where there is no unemployment and poverty, where a man is not haunted by the fear of being tomorrow deprived of work, of home and of bread. Only in such a society is real, and not paper, personal and every other liberty possible. Joseph Stalin
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A true revolutionary is not one that demonstrates value in the period of the victorious uprising, but who knows how to fight not only at the time of the victorious advance but also at the retreat of the revolution; that demonstrates value in the period of the defeat of the proletariat, which does not lose the head, which does not abandon the road when the revolution suffers a defeat and the enemy records successes; which is not dominated by panic, or falls into despair in the retreat of the revolution period. Joseph Stalin
revolutions seem unsafe and scary
Quantity has a quality all it’s own. Joseph Stalin
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There needs to be a better way than sanctions though. If a country is a dictatorship, there is very little the people can do to remove it. Dictatorships frequently just don’t give a shit and ignore the worst suffering of their people. because they can. people dont have the power to change much in these contexts, other than help themselves and their communities.
Rather than doubling down on cruel policies and draconian economic sanctions that squeeze the Venezuelan people -- but benefit the regime by giving them false excuses for economic failures (e.g. hyperinflation and the most at risk, not being able to diversify ethical industries, and public services) - a new US-Venezuela policy should seek to help the people. America's failed policies on Cuba should be a lesson, and Venezuela should not fall victim to a repeat of that approach. For decades, provided the Cuban regime with an excuse for failed local economic policies, and now doing the same for Venezuela. Never-ending sanctions on Cuba have not resulted in regime change. That tactic will not work in Venezuela either. Sweeping economic sanctions primarily hurt the people of these countries.
Targeted sanctions on specific individuals in the Maduro government, military, and security services would be more effective. By the end of 2019, and almost a year after the United States imposed broad economic and oil sanctions on Venezuela, 96% of households in Venezuela were living in poverty, and of that number, 79% in extreme poverty. Yet, Maduro remained in power. US sanctions should target Venezuelan nationals supporting and funding Maduro; those who commit human rights violations; those who undermine democratic processes and institutions like the National Electoral Council (CNE); and those who run drug trafficking and money laundering operations.
However- the PDVSA is (1) a huge source of tax- for public services and (2) a huge employer and a (3) a huge source of exports for the imports that Venezuela needs. Also, focusing only on not importing anything is a short term strategy but not a medium or long term strategy. The highest income and product value benefits come from exporting and importing, as most sea-based countries learn over time.
The blunt tool of general sanctions further degrades the poor economic conditions in which the majority of Venezuelans now live. We are deepening their suffering rather than providing leverage for a solution.
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Eco-Minded Entrepreneurship: 7 Leading Green Business Ideas
Guest post by Chloe Taylor
If you’ve always dreamt about preserving the environment or even spearheading the efforts of waste management, toxic waste reduction and greenhouse gas emission reduction, this year is the perfect time to start your journey. Modern social and political environments, with all of their flaws and drawbacks, have actually proven to be full of opportunities for ambitious eco-entrepreneurs across the globe. An ever-greater number of people are creating sustainable businesses that not only benefit the environment but offer more jobs every year. Let’s take a look at some of the best and most innovative ecological business ideas.
Organic catering services
The organic movement is not just a trend - it’s a way of life that is swiftly taking over the world. The industry offers plenty of opportunities for new businesses, and if you love organizing events and spreading the benefits of an organic lifestyle, then organic catering would be the perfect fit for you.
In addition to providing local and national clients with food grown on organic farms, you can also combine the two businesses and grow the food yourself. This will not only entice your clients to trust you more because the food comes directly from your company, but they will love the simplicity and scope of services that your brand offers.
Eco-friendly fashion line
The fashion industry tends to get a bad reputation with its dubious means of production and exploitation of both natural resources and underpaid workforce. But you can change all of that by starting an organic, environmentally friendly fashion line on your own.
Materials like organic cotton, plastic bottles and all other recyclables can be used to create a green fashion line by making accessories like handbags and jewelry while enabling proper working conditions for your employees. Also, remember to always obtain materials from reputable companies, so you know exactly how they are made.
Green up the oilfield industry
Production processes have always been the biggest source of pollution in the world, but things are slowly changing. Even one of the least environmentally-friendly industries, the oilfield industry, is getting greener thanks to various technological advancements which allow entrepreneurs to boost the efficiency of drilling and reduce negative environmental impact. Newly-developed oilfield equipment allows users to employ oil reserves from a bigger area and reduce operational risks. If you’re interested in this type of industry, don’t think you need to skip it just because it’s not green—you can do your best to introduce green changes and modern, efficient tech into the field!
Green cleaning service
With the majority of cleaning services using harmful and toxic chemicals, you can differentiate yourself by starting an eco-friendly cleaning service that will use only natural materials. Not only is this option healthier, but it will also enable you to develop your unique selling point (USP) right away that will attract new customers quickly.
Remove toxic elements
Another green business venture can actually be removing toxins from people’s homes and offices. When providing an asbestos abatement service, there are several key things to keep in mind. First of all, you will need to assess your competition and write a good business plan. The market is not overly saturated, and asbestos continues to be a lucrative part of the construction trade, despite the ban on its use, imposed in 1978.
Asbestos is a very toxic mineral when it comes in contact with the air and it can be found in paint, cement, and other building materials. You can find asbestos testing at affordable prices and it will be imperative that a professional ascertains the presence of the toxin before you start decontaminating the area. Additionally, in order to reduce its amount, you will need to learn proper asbestos handling techniques.
Ecological landscaping
Landscaping can be a very rewarding business venture, both financially and spiritually, but most landscaping services implement solutions that are not eco-friendly, and can actually waste a lot of resources like water and energy, while being detrimental to the surrounding ecosystem.
What your business can do differently is make homeowner’s backyards and surroundings greener by implementing sustainable, eco-friendly solutions like water and energy management systems. You can also strategically place trees and other plants around the landscape so that they require fewer resources.
Organic products
Besides organic foods, you can open up an organic products store. You can create all of your products from natural resources, using natural materials. People love DIY products like soaps, face masks and grooming products, so why not use this to your advantage and provide something that’s both useful and healthy?
Environmentalism has become a powerful movement in the world, with people across the globe contributing to the preservation of our planet by implementing eco-friendly solutions into their homes and businesses. You can contribute to the fight against global warming by launching an eco-friendly business yourself.
Chloe Taylor is a graduated journalist from Adelaide, Australia who loves exploring everything related to decor, aesthetic and organizing. She is also very passionate about sustainability and enjoys writing about it. Her biggest dream is to travel the whole world and take some stunning photographs of beautiful places. Besides all this, she enjoys drinking coffee and reading a beautiful book from time to time.
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Food Preservation: How UOS Students Can Practice Sustainability
By: Shamma Fahad
I was walking with two of my classmates on campus one day, and had stumbled upon a half-eaten sandwich on the ground. It looked like the person who bought it did not take more than two bites.
After that, we had to stop and snap a picture of it, but it got us thinking that there must be other places in the university where things like this happen too!
Photo by: Ohoud Khalid. Half-eaten sandwich on the ground.
Food waste is known to contribute to harming the environment by releasing greenhouse gases. This is mostly coming as a result of food being dumped into landfills instead of being recycled for better use.
It’s been noted that GCC countries have seen an increase in food waste during the last decade, with the UAE estimating at 197kg food wasted per person, according to a research posted by Dubai Industrial Park and The Economist Unit.
Although certain initiatives have since been launched to preserve food specifically in the hospitality sector such as, hotels and other commercial places, very little attention was payed to food waste that can happen in educational institutions.
UOS Students’ Responses
According to an online survey conducted on a sample of 30 UOS students, 86% of them have noticed food wastage in different parts of the university.
A range of food and drink, from coffee and sandwiches to rice plates and pastries have been observed either thrown or left to rot. It was mostly noticed either inside the cafeteria areas or outside near the parking lots.
The survey responses made it clear that students wanted to do something about this food waste, and this is what some of them suggested:
“Decrease over-consumption.”
“Add more trash cans, install compost bins!”
“I suggest that food waste could be decomposed and used as a plant fertilizer to help healthy plant growth. Recent studies also found that we can extract energy from food waste.”
“Give it to strays on campus.”
“The university could corporate with a non-profit company that recycles food waste”
Opinions of an Environmental Sciences Alumna
After that, I realized I needed to take it upon myself to do further research on this issue, and decided to ask Maryam AlGhufli, an environmental sciences graduate, what she thought about food waste in UOS.
Have you observed food waste during the time you were in UOS ?
Yes, and it was not restricted to the cafeteria only as students are allowed to eat in almost all university facilities.
You took a food waste management course as part of your environmental sciences program, what are some methods you remember?
Specifying garbage bins for organic waste to facilitate the segregation process in order for organic waste to end up being composted. Composting services take this food and turn it into usable soil.
(To refer to the meaning of “composting”, https://dictionary.cambridge.org/dictionary/english/composting)
Are there any methods you suggest UOS should implement?
Segregating waste by distributing specified waste bins.
Any comments or suggestions?
Students must be aware of their food consumption, and shouldn’t order food above their need. They must also be reminded of the detrimental effects of food waste ending up in landfills and its link to climate change.
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Provided above is an example of a food waste composting service in Abu Dhabi.
How Authorities Can Help UOS Reduce Food Waste
I spoke with two government authorities’ representatives regarding this food waste and asked them how UOS and especially students can work to reduce it.
Sarah Alnaqbi, a marketing outreach officer from Bee’ah, told me that they do have several waste management methods, however not entirely on organic waste, “our facilities are mostly responsible for solid waste excluding food, other corporations do that mostly.”, she said.
She added, “there is a method I know that would be used, which is converting food waste to fertilizers, but it can be costly and the food unfortunately ends up in landfills.”
Alnaqbi also pointed me towards Sharjah’s new waste management project, “Waste-to-Energy” launching in 2020 where waste will be converted into energy to power UAE homes.
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Video above: Bee’ah’s Waste-to-Energy Project
UOS Students to a Sustainable Future
When I interviewed a representative of Dubai Municipality, she told me that educational institutions are indeed places where a lot of food can be wasted.
She also gave me a list of several ideas that UOS could implement:
A circular system, which can be used to develop the university’s geography in terms of soil chemistry.
This idea would be as follows:
1. Awareness campaigns about segregation of waste specifically food waste.
2. Create a sustainability students club which is chaired by a professor in the relative field.
3. The student club can push the university to invest in a building designed to be a commercial kitchen and nonprofit restaurant run by the students for the students; the conditions of the products utilized in making the meals is that they are to be locally sourced.
4. This will activate the need of the students to have their own farming patch in the university, which will be tended by them and by that, they utilize the food waste in growing their own products.
5. The benefits from this initiative is increasing the tangible understanding of how “waste” can be seen as a resource rather than just waste, there are of course more active research and study benefits than what’s mentioned above (i.e. soil chemistry, especially since we are a desert region).
I concluded my research interview with her by asking a few questions to help me understand more on what values should be considered when it comes to reducing food waste, and how everyone can contribute:
Can you provide a description of the food preservation methods the municipalities execute?
“Waste is collected at a daily basis and is stored for less than 24 hours in a closed bin. Different places will have different storage methods, hotels are usually the most developed in this matter.”
Would it be a good option to collaborate with authorities to provide specified storage bins or facilities or composting services?
“Most certainly it is a good idea, not necessarily would you have to engage authorities, you may also engage private companies who are working to develop themselves in this field. Succeeding in engaging the gov sector, private sector and academia will be a step forward in activating the triple helix-working model, which is necessary for our fast-paced world.”
Photo from https://www.mdpi.com/2071-1050/10/8/2646. A simple illustration of the triple-helix model.
Lastly, let’s say if the student based-club was created to have students contribute to monitoring and reducing food waste on campus, where they would hand it in for storage and get rewarded for it in some way by university faculty, do you think it would help?
“Waste segregation is a culture that must be embraced, helping the student population understand how it will affect them personally through emotional marketing strategies in awareness will help us start the journey. Incentives will work well, but it is important to understand that once there are no incentives their actions may not continue. Thus, keeping in mind that the continuity of the work done is important.”
The DM representative told me that she would be more than willing to visit our university to conduct a waste management seminar outside of office hours, “I also have contacts from Bee’ah that would be happy to collaborate in the future to help spread awareness and reduce food waste in the university”, she said.
For further information, check:
https://masdar.ae/en/masdar-clean-energy/projects/sharjah-waste-to-energy-project
https://www.khaleejtimes.com/news/general/how-much-food-uae-residents-waste-in-a-year
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Why the Canadian Government Fails in Energy Transition and Carbon Reduction
Guest Blog by S. A. Shelley: In the matter of the transition to renewable energy, there are some nations and governments which do it quite well, e.g., Denmark, some that don’t appear to care, e.g. the US, and then there’s Canada. Canada claims to be very concerned about the environment and about the need to dramatically cut carbon emissions and transition quickly to a fossil-fuel-free economy. However, it has failed on a number of fronts and will most likely continue to fail.
The Need to Understand Total Cost
Whatever purchase at the personnel, industry or government level that you have, it is very important to have a good understanding of the TOTAL COST in order to make effective and well-reasoned economic decisions. Most people have an inherent ability to assess TOTAL COST and industry has analysts to help determine TOTAL COST; however, governments rely too much upon ideologues to arrive too often at incorrect TOTAL COST.
Strictly speaking, TOTAL COST = the sum of all costs associated with a purchase (or a project). Typically, this is broken into two components: TOTAL COST = Total Capital Costs (CAPEX) + Total Operating Costs (OPEX) over the assumed life of the product.
Let’s consider an immediate example of a consumer buying a car:
CAPEX = purchase price + dealer prep fees + financing costs – salvage / resale value
OPEX = fuel costs + insurance and registration + maintenance and parts
Consumers often buy a personal vehicle (car or truck) based only on the sticker price and consequently vehicle manufacturers have tuned their sales pitches to this almost exclusively. But if one does a TOTAL COST analysis of a car, EVs are now tending to be the lowest TOTAL COST personal vehicle choice (Fig. 1).
Fig. 1 (Source: CleanTechnica)
Upfront CAPEX for an ICE is still much lower than for a similar sized EV, but when you add in the OPEX to arrive at TOTAL COST, EVs are starting to pull ahead. Therefore, at the personal level, EVs are quickly becoming the best economic choice for those that can overcome the initial high CAPEX, and at the societal level, EVs help reduce carbon emissions and are the right choice for that.
Is it a Good Idea for Governments to Subsidize EV Purchases?
That depends upon the objectives of the government and the consensus of the populace. If the aim is to wean a nation state off fossil fuel reliance, which history has shown can be an Achilles heel to national economies, then yes, do as Denmark and China are doing and ban ICEs while supporting EVs.
If the aim is to eliminate the carbon emissions in order to protect the environment, then do as Norway and ban new ICE sales by 2025.
But if your aim is to reward wealthy and upper middle class voters with subsidies for purchasing EVs, then do as the Canadian government is doing (see CBC news and Electrek). The Canadian Federal EV rebate will not help most Canadians because the average household income in Canada is about $64,000 (CDN) per Statistics Canada 2017 data, while the cheapest marginally useful EV starts at $32,000 (CDN) plus sales taxes. Even if average, working Canadians wanted to buy EVs, the initial purchase cost of EVs is still higher than most Canadians can afford.
Canadian consumers across a broad economic range have correctly calculated that less expensive ICEs, new or used, will be the best economic solution for them for some time. This phenomenon of the citizen consumer being economically smarter than big government is not unique to Canada.
What Must Governments Do to Get More EVs On the Roads?
They must clearly prove the case for EVs: Is it to save the environment or to save the country from the evil oil empires?
They must spend more on subsidies that will benefit more citizens across the whole economic spectrum.
They must spend more on supporting all of the technology and infrastructure that will make EVs cheap, convenient and useful to everyone.
Simple, right?
“Canadian Vehicles Are Big, Heavy and Guzzle a Lot of Gasoline”
Canadians rank number one in the world for having the largest, heaviest, least fuel efficient and highest carbon emitting vehicles.
For the befuddled government in Canada, a better approach to reducing carbon emissions and fossil fuel consumption by personnel vehicles could be to make small nudges and then let market forces takeover. For example, it would be fine to allow ICEs to stay on the roads, as long as the net mileage of ICEs continued to improve each year. Looking at Figure 2, between 2005 and 2010 average vehicle mileage increased by about 16%. This means that for the same driving habits, 16% less fuel was consumed and 16% less carbon was emitted, on average just five years down the road.
Fig. 2 (Source: PewTrusts)
As late model used cars get removed from the car pool and are replaced with newer more efficient vehicles, then without changing tech or giving away EVs, it is likely that over time carbon emissions and fossil fuel consumption will decrease just by natural replacement of the personal fleet. Eventually, a new car that gets 30 mpg, will filter down to the used car market and replace an older generation model that only got 20 mpg. That’s an evolutionary way of cutting greenhouse gas emissions by 50% on a personnel vehicle. Instead of promising $2000 camping trips for poor families, it may be more helpful to provide rebates for poor families to replace very old low mileage vehicles with newer used ones that get higher mileage. Eventually such rebates could be expanded to cover PHEVs or BEVS as those filter down through the used car marketplace.
Or if the Canadian government really wants to help the environment by reducing greenhouse gas emissions, maybe it should focus first on those gases which trigger the most warming. “The majority of warming results from gases with a much lower media profile than the paparazzi-trailed starlet of global warming, CO2.“
Support Transit Instead of EVs
To benefit more people quickly, Instead of spending $billions on EV subsidies that benefit the wealthiest citizens, those same monies may be more effectively spent on upgrading and improving transit systems that benefit a broader subset of citizens.
Canadian Federal Government Carbon Pricing is a Tax, Simple and Ugly
There are two general purposes for taxes. The first is to collect revenue for the government to provide critical services such as courts and defense. The second is to apply taxes to change consumption behavior, such as with sin taxes on alcohol and tobacco. However, with the Carbon pricing policies in Canada, there is no realistic way that Canadians can alter their energy consumption behavior in order to escape the carbon price: Thus it is a tax of the most egregious kind that siphons money from Canadians into government coffers with low to zero traceability. Natural gas is still the dominant energy source for heating homes and businesses, and there is nothing else available, now or in the short term, on a scale large enough for Canadians to use: It’s either heat the homes or freeze or migrate to Florida or Arizona for winter. Watch out America, you may need to build a wall on the northern border, too.
Furthermore, almost every incentive that the Federal Government has provided for green energy and reduction of carbon emission has been targeted at and benefited large businesses, not lower or middle class Canadians. While the PM uses his perk of zipping around frivolously on a private jet (see National Post and CTV News), it’s time for the Federal Government in Canada to honestly admit that the carbon price in Canada hits a captive market with no substantive, alternative choice available.
Carbon Emissions and Fossil Fuel Consumption Inelasticity in Canada
There is no reasonable and realistic way for the Federal Canadian government to achieve its much touted and promised carbon emission and fossil fuel consumption reduction targets. According to data from the World Bank since 1980 energy consumption in Canada has been very consistent at around 52 barrels of oil equivalent per year per Canadian. During the same period, the yearly carbon emissions per Canadian have slowly dropped from about 20 to 15 tonnes, which is still over twice the yearly per capita carbon emissions of a European at 6.8 tonnes. During this same period, the use of renewable energy in Canada has remained fairly flat so most of the gains in carbon reductions have come from elsewhere, either fuel efficiency improvements or the shuttering of coal power plants.
While the Federal government enacts legislation and policies to reduce Canada’s carbon footprint and fossil fuel consumption, historical data suggests that such legislation will be ineffective (Fig. 3) and that it is extremely unlikely for the Federal Government in Canada to meet its international commitments to CO2 reduction. More needs to be done for Canada to succeed, but it is also extremely unlikely that the current administration has the technical, fiscal or social where-with-all to do what is necessary without resorting to brute force diktats.
Fig. 3
The problem is more difficult to resolve when one considers that current Federal objectives in some areas will nullify any possible gains in other areas. For example, without being able to reduce per capita energy consumption or carbon emissions, adding 350,000 immigrants each year to Canada will by default drive up the total energy consumption and carbon emissions volumes: That will mean an additional 2.6 million tonnes of oil equivalent energy consumed and 5.2 million additional tonnes of carbon emissions each year. Energy will be needed to heat the residences of the newcomers and commute them to their jobs and there is nothing on the horizon to substitute for oil and gas in Canada. Therefore, unless the Federal Government in Canada gives each new immigrant an EV and a solar powered home, there is absolutely no way that the Federal Liberal government can achieve their vaunted carbon reduction targets and the shutdown of Canada’s oil industry.
In Canada, it takes over a decade for new energy projects, renewable or not, to come on stream. In that same decade, 3,500,000 new Canadians will need a lot of energy. Who in the Federal Government in Canada has a realistic plan for that? By realistic, I mean affordable, corruption free, workable and implementable without significant social or economic disruption.
It continues to get worse, because during this year’s Federal Election campaign, the Canadian Prime Minister has decided that he needs two jets while every other prior prime minister or party leader to date has made do with only one jet. To paraphrase Ms. Thunberg, “Shame on You Prime Minister Trudeau”. For the Earth’s sake, if the Federal Liberals are returned to a minority Government in Canada, I kindly ask the Green or NDP coalition partners to reign in the Prime Minister’s privileged jet setting and plastic bottle consumption habits.
Canada Can Do Better
Canada has a lot of renewable energy potential and a lot of ability to reuse resources. But maybe the Federal Government in Canada needs to be the first thing recycled before anything real and sustainable can be achieved. I absolutely agree that Canada must change its energy habits, but it needs better moral and technical leadership and a unifying vision instead of a divisive and dismissive cadre of elitist and privileged politicians (see Pierre Poilievre and CBC News).
I’m not against EVs. I commute in Houston on a bicycle and EVs can’t touch me for energy efficiency (15 miles per gallon of beer vs. about 130 mpge for an EV) or lowest lifetime greenhouse gas emissions. In fact, I know that renewable technology has now achieved parity with or surpassed traditional fossil fuel technologies in a lot of areas: My next car will most likely be an EV and my next house will have integrated solar and battery energy.
But I am very much in favor of evolutionary progress and of governments implementing environmental and energy policies based upon reason, science and economics instead of listening to biased and scandal plagued consultants from New York. In the long run, energy and financial independence requires astute and competent governments. Well done Norway, Denmark, Germany and China. Keep trying Canada.
Vive l’Alberta Libre!
Why the Canadian Government Fails in Energy Transition and Carbon Reduction was originally published on OurWorldofEnergy
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Why It's Easier to Succeed With bitcoin solar Than You Might Think
The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.
And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.
Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.
Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.
This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.
And trust is available, not because there are some huge institutions, But because of cooperation and encryption peer to peer energy trading And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.
Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.
And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.
It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.
Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.
So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.
" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.
My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.
They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.
It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.
Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.
So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.
You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.
Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.
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Will peer to peer energy Ever Die?
The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.
And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.
Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.
Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.
This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.
And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.
Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.
And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.
It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.
Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.
So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.
" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.
My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.
They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.
It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great free energy opportunity for prosperity. Number four: Data is the most effective asset in the digital age.
Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.
So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.
You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.
Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.
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The Most Influential People in the renewable energy opportunities Industry and Their Celebrity Dopplegangers
The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.
And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.
Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.
Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.
This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.
And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.
Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.
And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.
It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.
Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.
So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.
" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.
My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.
They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.
It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.
Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.
So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any bitcoin mining free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.
You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.
Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.
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The 3 Biggest Disasters in blockchain and energy History
The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.
And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.
Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.
Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.
This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.
And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.
Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.
And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.
It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.
Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.
So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.
" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.
My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.
They also take charge of even reputable, Because if ledger definition the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.
It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.
Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.
So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.
You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.
Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.
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3 Reasons Your freebitcoin Is Broken (And How to Fix It)
The technology is likely to have the greatest impact Over the next few decades Have arrived. They are not social media platforms. Not big data. And not robots. Not even artificial intelligence. You will be surprised to find out It is the basic technology for digital currencies such as Bitcoin. Which are called string blocks. Chain blocks. Currently, it is not the most resonant word in the world, But I believe it represents now The new generation of the Internet, They carry very high promises for every business and every community Each of you has one individual. You know, over the last few decades, we've had Internet information. When I send you an email, a PowerPoint file, or something else, I don’t actually send you, I send you a copy.
And that is great. This is information that has been democratized. But when it comes to assets - Things like money, Financial assets such as stocks and bonds, Loyalty points, intellectual property, Music, Art, Voting, And carbon certification, and the rest of the other assets - Sending a copy is a really bad idea. If I sent you a $ 100 paper, It is really important that I no longer have money - (Laughter) And that I can't send it to you. Secret code writers called it “double spending” Long time. Therefore, today we rely entirely on big intermediaries - Brokers like banks, government, And huge social media companies, credit card companies and so on - In order to establish confidence in our economy. These brokers perform all business logic and transactions For all kinds of trade, From verifying and identifying people, So settle accounts, settle and save records.
Overall, they do a very good job. But there are growing problems. To begin, they are central. Which means they are vulnerable to hacking, and increasingly - JP Morgan, the US federal government, And LinkedIn, and Home Depot et al They all knew it the hard way. They excluded billions of people from the global economy, For example, those who do not have enough money To get a bank account. They slow things down. It may take one second to send an email to the world, But it can take days or even weeks The movement of funds through the banking system across a city. And they take a big share to do that - 10-20% to send money to another country only.
Seizing our data, That means we can't turn it into money Or use it to better manage our lives. Our privacy is being undermined. In general, the biggest problem is, They dedicated the generosity of the digital age asymmetrically: We have created wealth, but we have growing social inequality. So what if there is something other than the Internet of information, What if there is an Internet value - Something like a wide, global and distributed book of accounts Works on millions of computers And available to everyone. Where any asset type, from money to music, It can be stored, transferred, handled, exchanged, and managed All without strong intermediaries? What if there is an original mean of value? Well, in 2008, the financial industry crashed And maybe that was promising, An unknown person named Satoshi Nakamoto or several people He created a paper where he developed a protocol for digital money Which used a basic cryptocurrency called Bitcoin.
This cryptocurrency enabled people to establish trust and make transactions Without the need for a third party. This seemingly simple act sparked Ignited the world, The thing that made everyone either eager, panicked or otherwise interested In several places. Now, don't confuse it for Bitcoin - Bitcoin is out; This should be your area of interest if you are speculative. More broadly, it is a cryptocurrency. It is not a state-controlled paper currency. That is very important. But the real dowry here is the underlying technology. It is called a series of blocks. So for the first time now in human history, People everywhere can trust each other And conduct transactions peer-item.
And trust is available, not because there are some huge institutions, But because of cooperation and encryption And some smart cipher. Because trust is home to technology, I call this, "Trust Protocol." Now you might ask: How does this work? very good. Assets - technical assets like money and even music and everything that falls between them - Are not stored in a central place, But distributed across a global account book, Using the highest level of encryption. When a transaction is made, Are being published globally, Across millions of computers. And there, around the world, There is a group of people called "prospectors." These are not adults, they are the miners of Bitcoin.
Have enormous computing power in their fingertips - 100-10 times larger than the entire Google global network. These miners do a lot of work. And every ten minutes, In something like a pulse to a network, A block is created All transactions made within the previous ten minutes are booked. Prospectors then began work, trying to solve some difficult problems. They compete among themselves: The first explorer to discover the truth and verify the validity of the mass, Are rewarded in cryptocurrency, In the case of Bitcoin wallet is rewarded Bitcoin.
And then - this is the basic part - The block is connected to the previous block And the former have To create a series of blocks. And each one is sealed at a certain time, In what looks like a digital wax seal. So, if you want to penetrate one of these blocks So for example, if you want to pay you and the same currency, I have to penetrate that block, In addition to all the previous blocks, And all the trade record on that block chain, Not just on one computer but across millions of computers, together, They all use the highest levels of encryption, Based on the world's most powerful computing source And who's watching me. Something difficult to do. It's very safe Compared to the computer systems we are dealing with today. It's a chain of blocks. That is how it works. So the bitcoin wallet is just one of them. There are many others. A Canadian named Vitalk Butterin developed the Ethereum Coin Block Series. He's 22 years old, This block chain has exceptional capabilities. One is that you can build smart contracts. That's what it looks like.
It is a contract that is executed in person, This contract addresses implementation, management and performance And payment - this kind of contract has a bank account as well, For agreements between people. Today, for the Ethereum coin chain, Projects are being done to do everything From creating a new alternative to the stock market Even creating a new model of democracy, Politicians are accountable to citizens. (clap) So, to understand how much radical change this will bring, Let's look at one area, financial services. You know this? It's Ruby Goldberg's machine. italy renewable energy It's a ridiculously complex machine that does something really simple, Such as breaking an egg or closing the door. Well, it kind of reminds me of the financial services sector, In all honesty. I mean, your card goes into the store, A stream of information then travels in binary form across dozens of companies, Each has its own computer system, Some are computers from the 1970s Bigger than many people in this room, Three days later, the settlement takes place.
Well, with the help of the financial sector block chain, There will be no settlement, Because payment and settlement are in the same movement, Is just a change in the ledger. So on Wall Street and everywhere around the world, The financial sector is in a major upheaval in this regard, I wonder, can we be replaced, Or how do we embrace this technique to succeed? Now, why should you care? Well, let me browse through some applications. Prosperity. The first era of the Internet, Internet Information, Bring us wealth but not common prosperity, Because social inequality is growing. This is the essence of all anger and extremism And protectionism and xenophobia and worse Which we are seeing rising in the world today, Brexit is the latest case.
So can we develop some new approaches to this social inequality problem? Because the only approach today is to redistribute wealth, Tax people and spread them more widely. Can we distribute wealth before that? Can we change the way wealth is created from the ground up? By democratizing wealth creation, And involve more people in the economy, And then make sure they got fair compensation? Let me outline five ways in which this can be done. number one: Did you know that 70% of the people around the world own land They have a Wahi title for her? So you own a small farm in Honduras, a dictator takes over He says, "I know you have a paper showing that the farm belongs to you, But the government computer says my friend owns your farm.
" This happened extensively in Honduras, This problem exists everywhere. The great Latin American economist (Hernado de Soto), He says that this is the number one issue in the world In terms of economic mobility, More important than getting a bank account, Because if you don't have a valid address for your land, You cannot borrow under it, You can't plan ahead. So companies today work with governments To put land titles on the block chain. If so, this is unchangeable. You can't penetrate it. This creates the conditions required for prosperity Maybe for billions of people. Second: Many writers talk about Uber Airbnb, Tusk Rapt, Lift and others As a kind of shared economy. This is a very effective idea, Together enables users to create and share wealth.
My point is ... These companies do not actually share. In fact, they are particularly successful because they do not share. They bring services together and sell them. What if, instead of Airbnb being worth $ 25 billion, There was a distributed application on a block chain, we'll call B-Air BNP, It is essentially owned by all people Who have room for rent. And when someone wants to rent a room, Enters the block chain data and all the criteria, They help them find the right room, Then the chain of blocks helps in the contracts, They recognize the limb, Handles payments Through digital payments only - built-in system.
They also take charge of even reputable, Because if the room is classified as a five-star room, That room is chosen, It is classified as immutable. So, those who are confusing the common economy in Silicon Valley They may be confused, This will be a good thing to thrive. Number three: The largest flow of funds from developed countries For developing countries Not a corporate investment, Nor is it even foreign aid. They are cash transfers. This is the global diaspora; People who have left the land of their ancestors, They send money to their families back home. Equals this 600 billion a year, and the number is growing, These people are being circumvented. Annalie Domingo is a homemaker. And she lives in Toronto, And go every month to the Western Union office. With some money To send her remittances to her mother in Manila. It costs about 10%; It takes money from four to seven days to get there; Her mother never knows when the money will arrive.
It takes five hours a week to do that. Six months ago, Annalie Domingo used a series of blocks called Apra Using her mobile phone, she sent $ 300. Which went directly to her mother's mobile phone Without going through a mediator. Then her mother looked at her mobile phone - It is similar to the Uber interface, where there is an "ATRA" teller that moves around. I pressed the five-star teller, Which was seven minutes away. The young man arrived at her door, giving her a Philippine peso, She put money in her pocket. It takes minutes, It costs 2%. This is a great opportunity for prosperity. Number four: Data is the most effective asset in the digital age.
Data is actually a new class of assets, Probably larger than previous asset classes, Like land under the agricultural economy, Or an industrial facility, Or even money. And for all of you - we - create this idea. We create this asset, And we leave this digital gesture trail behind As we move forward. These crumbs combine to form a mirror image of you, You are the default. Maybe it will help you recognize yourselves more than what you knew, Because you can't remember what you bought last year, Or say last year or your exact location last year. And you are the default not your own - That is the biggest problem.
So today, there are companies working To create an identity in a black box, You are your virtual king. This black box moves with you When you travel around the world, He is very stingy too. It gives only a small amount of information That it takes to complete something. A lot of transactions, The seller does not even need to know who you are. What they need to know is that they have been paid for. This idea is then embodied in all this data And let you turn it into cash. This is wonderful. Because we can also protect our privacy, Privacy is the foundation of any free society. Let us reclaim the origin we create Under our control, So that we have our own identity We manage it responsibly. Finally -- (clap) In conclusion, number five: There are a large number of content producers Who do not receive fair compensation, Because of that queer IP system. The first Internet age is the reason for being a queer. Take music as an example. Musicians are left crumbs at the end of the entire food chain.
You know, 25 years ago, if you were a songwriter, and you wrote a successful song, Out of a million individual songs, You can get equity for about $ 45,000. Today, you are a songwriter, composed a successful song, You get a million views, You don’t get 45,000, But for 36 dollars, Enough to buy a delicious pizza. So Imogen Hipp. Grammy-winning singer and songwriter, She is currently laying songs on a cluster ecosystem. I called it "Maesilia." It protects intelligent holding songs. The songs themselves protect their proprietary rights. Do you want to listen to a song? It's free, or maybe for a few cents flowing into a digital account. If you want to use the song in your own movie, that's different. IP rights are fully defined. Do you want to make a ringtone? That's different. She explains that the song becomes a business. They are available on this shopping platform for themselves, Protect the rights of its author, And because the song has a push system In the sense of a bank account, All the money flows back to the artist, And so they control the industry, Substitute for these powerful intermediaries.
Now, this. These are not just songwriters, But any content product, Like art, And like inventions, And scientific discoveries, journalists. These are examples of people who don't receive fair compensation, With the help of block chains, They will be able to make money flow in the chain of blocks. And that's wonderful. So, these are five chances Among the dozens To solve one problem, which is welfare, It is one of an infinite number of problems That block chains can be applied to. Now, technology certainly does not create luxury - but humans do But the situation I am presenting to you is, again, That the technical gen has escaped from the bottle, He was called by an unknown person or persons In this vague time of human history, Which gives us another chance, Another opportunity to rewrite the network of economic power And the old order of things, And to solve some of the world’s insurmountable problems, If we do that.
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