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Another update on my solar powered farm and bitcoin mining in the desert

Tl;Dr - Just skip to the bottom where I lay out my solabattery requirements for mining and my solabattery requirements for vertical farming. Oh...and costs and earnings.
Well, Summer is here and we have had some extremely hot weeks. This has given us a chance to test our greenhouses at temperatures of 126F/52C. We are still up and running quite well. Our energy requirements have gone up quite a bit. But the electricity we are consuming is right in line with our estimates. We do not feel that the temperatures will be any higher than the numbers we have seen so far. Unless Global Warming is for real...because now that I think about it, we did blow through our all-time-high in temperatures...and this was the last day of Spring, if I recall.
We are ordering all of our equipment directly from China. Our 40' greenhouses are extremely cheap to build in China. We are building them for about 40% of what companies like Freight Farms and Bright-Agro-Tech are selling their systems for. Our system is at least 90% as good as their systems. But we do have many bugs, it seems when we first receive them from China. Perhaps my main complaint. They can be a bit finicky. I would not want to sell these as the customer service would consume me.
Our most simple greenhouse uses between 250 and 450 kwh per day. I am in San Diego. Our residential rates from SDG&E are $0.43 per kwh. That is crazy high, for the record. This would cost between about $105 and $190 per DAY. Between about $3,000 and $5,500 per month. Most people in the US pay about $0.11 per kwh. This would equate to a monthly bill of $750 and $1350 per month. The Arizona desert pays that rate, for example.
Next, these greenhouses grow about 4,000 heads of lettuce per month. Wholesale price for this lettuce is $1. We sell direct to the end user. We charge $1.50. But at wholesale prices, this generates $4,000 per month in revenue. Labor is 10 hours per greenhouse. We pay $20 per hour. When you add all the California bullshit taxes and fees for employees this puts us at about $30 per hour. We also have insurance and Workers Comp. This is about $40 per month for each greenhouse.
Ok, now for the solar and battery requirements. We use 150 panels of 300 watt panels. I know...this is a lot. It takes a lot of space. You need a lot of cheap land. We spend about $0.45 per watt for solar panels from China. Our lettuce greenhouses run for 8 hours per day with lights. The other 16 hours we go "dark" and do not use much energy (just pumps, air conditioning and a few devices). We run the lights and everything during the peak sun hours. This allows us to not purchase as many batteries because we are turning the sun directly into the farming and lighting. Then, when the sun starts to wane, we turn most systems off and just remain in a well-insulated state. The battery requirements are still large, however. We currently use 50 lead acid batteries for each greenhouse. Each battery is 24V and 200 amp hours. Each battery costs us $180 from China.
Ok, how does this all tie into bitcoin and bitcoin mining? Here's the answer. Each Antminer S9 uses about 1400 watts when it is placed in the environment of our lettuce greenhouse. We place between one and four miners in each greenhouse. We need about 6,000 watts in solar panels to charge up the batteries and simultaneously run one S9 for 24 hours straight. We need 15 of the 24V/200 amp hour batteries for each miner. Cost for panels is $3,000. Batteries are $2750. The miner, when you buy from Bitmain is $1225 delivered to your door in the US. I have over-clocked the miners as high as I am comfy with. I am generating 0.007 btc per miner per day right now. That is about $18 per day at today's rate.
So here is how it all breaks down for the vertical farm: cost for one lettuce farm that is 100% off grid is about $90k. This includes EVERYTHING... solar, batteries, control systems, installation and framing for the solar, greenhouse, all equipment, air conditioners a water cooler...everything. Monthly labor, insurance, nutrients and supplies is $1500. Shipping of the lettuce is about $400. Total net profit is about $2100 per month. And $25,000 per year.
Mining...ok...this is the wobbly one to predict. Just remember this and it'll make it all easier to accept these numbers: bitcoin is probably headed to $10,000 within 3 years. If you don't believe that then much of this will just be comical to you (if it isn't already). One miner will cost (miner + solar panels + batteries + power control systems + cooling equipment and the solabatteries to support it) = $8000. The solar and battery system costs a total of $6800. The miner is $1200. Once you have purchased the solar and batteries, you own them forever. They can be used to mine for 25 years for solar and at least 6 years with the lead acid batteries. You can amortize these costs. If bitcoin drops to $0 then you can instantly switch your solar and batteries to your farm. This is how I backstop my potential losses.
Now, here is the magical way we have figured out how to avoid the "decay" that is built into the miners: we run them for 4 to 8 weeks then we sell them on the open market at a premium over cost. When you purchase large numbers from Bitmain, they will offer you a discounted price. The miners seem to always go up in value in between releases fom Bitmain. After 6 to 9 months of reselling at this pace, you will make all of your initial investment back in the miners. You will also stay current with the miners. So, one miner will generate about 2 btc per year (when you stay ahead of decay). That is $5,000 per year at today's rate. If bitcoin follows the trend (and you believe) then I expect that you will generate $6500 or more within one year from mining today. This means the system will completely pay for itself (including solar and batteries) in about one year. Oh...and then after a year, you own a brand new miner (cuz you have been constantly reselling them to stay current and slightly profit). Oh...and you how have 6kw of solar AND batteries...just keep mining til bitcoin is outlawed. You are now in a unique position...your mining rig costs you $0 from this point forward.
I have calculated the amount of profit you can make if you build your own solabattery array and point this array to different businesses. One business is a modern, vertical farm which is good for the environment and makes healthier food. The other is a bitcoin mining operation. Both businesses have energy as their single largest cost of doing business. I like the idea of having two businesses that I can just point an energy source towards and they start making money. Isn't that kinda cool to think about? Farming generates a net profit of $0.22 per kwh from a solabattery system. Bitcoin mining generates $0.51 per kwh for the exact same system. Think about that for a minute.
Also, what the fuck? If bitcoin actually does take off, imagine how it will pollute the world with miners in places with shitty but cheap fossil fuel. Shouldn't we be mining on renewable energy since...let's be honest, bitcoin shouldn't really exist? It only exists because people lie a bunch. It seems like protecting ourselves from our despicable selves shouldn't turn the world into a toilet that may become uninhabitable.
I just wanted to share everything with this community. If it weren't for this community, I would have been nervous about trying this crazy idea. What I mean by this is that I appreciate the handful of people here who have a lot of bitcoin and just handed them over to me so that I could test this TOTALLY insane and HIGHLY SPECULATIVE business model. I told you (those who lost their btc to me) that I will make it up to you. For the couple of you who didn't threaten to kill me, I will return your btc when my profits from mining hit 4,000 btc, unless the price is under $3100 per btc...seems fair...you did lose...and it was a fair bet.
I hope for several things from this post. (1) The nice people who are here hopefully will take this info and appreciate what went into getting these numbers. (2) Someone will read this, run the numbers themselves and decide to do the exact same thing. (3) Someone in an area with good sun, year round, will set up a mining operation based on my model. (4) Someone will bet me publicly again that I am lying. (5) Someone interesting will buy the land next to mine and compete head-to-head with me...I seem to perform better under competition.
To;Dr - To take a miner off grid, in a sunny place, will cost $8,000 (including the miner). You'll break even in a year if you follow my plan (and if fate complies as well). One 40' greenhouse that is off grid costs me $90k. Least amount of net profit per greenhouse is $25,000 per year. Average net profit is $36,000per year, typically from blending lettuce and other crops such as basil.
Farming generates a net profit of $0.22 per kwh from a solabattery system. Bitcoin mining generates $0.51 per kwh for the exact same system. Think about that for a minute. We sell energy back to the grid for about $0.05. Does anyone look at this the way I am looking at it?...I am just curious.
Anybody have any questions?
submitted by dan_from_san_diego to Bitcoin [link] [comments]

Mining is how you vote for rule changes. Greg's comments on BU revealed he has no idea how Bitcoin works. He thought "honest" meant "plays by Core rules." [But] there is no "honesty" involved. There is only the assumption that the majority of miners are INTELLIGENTLY PROFIT-SEEKING. - ForkiusMaximus

The title of this post is a compressed summary combining some important quotes from several recent comments by u/ForkiusMaximus, which I thought were worth highlighting here in a post of their own.
His comments remind us that Bitcoin was already brilliantly designed by Satoshi so that the majority of "honest" "intelligently profit-seeking" miners will always be economically incentivized to use their hashpower to vote for the rule changes which will maximize their (and everyone else's) Bitcoin profits - and they will always do this regardless of any censorship or centralized dev teams.
Meanwhile, Core/Blockstream (and their supporters) totally fail to understand this subtle but vital point: they think that devs somehow control Bitcoin, by forcing people to run certain code... or moderators somehow control Bitcoin, by censoring certain forums... or now non-mining nodes can somehow control Bitcoin by suggesting a futile and pointless "user-activated soft-fork" (UASF) - ie a fork not supported by actual mining hashpower.
This all shows that Core/Blockstream (and their supporters) have a fundamental misunderstanding of the most important aspect of Bitcoin - the fact that:
This is why the 21 million coin cap will never get increased.
And this is why blocksizes will always continue to moderately increase.
Not because some dev team made it "hard" to modify these settings in the code.
And not because some moderator censored some discussion about some alternative clients.
The reason Bitcoin works is simply because the vast majority of miners are "honest" "intelligently profit-seeking".
This is why mining support for Core/Blockstream's centrally-planned blocksize has dropped to 2/3 of network hashpower (despite their big team of "experts" and all their censorship and fiat funding).
And this is why 1/3 of mining hashpower has already started voting for some form of market-driven blocksizes...
... not because BU or Classic suddenly "gave" them this power (after all, they always had this power themselves)...
... but simply because the vast majority of miners are "honest" "intelligently profit-seeking", and they know that bigger blocks will bring higher profits.
So, miners have always been able to use their hashpower (and even modify the Bitcoin client source code if they wanted) in order to vote for rule changes which would support bigger blocksizes and higher Bitcoin profits for everyone - with or without any help from BU, Classic, etc. - and there is nothing that any dev team (or any censored forum) can do to prevent miners from doing this.
So it is inevitable that miners will use their hashpower to vote for bigger blocksizes, because this means much higher Bitcoin profits for them (and also bigger Bitcoin profits for the rest of us :-)... simply because (as Satoshi clearly did understand, but most Core/Blockstream devs clearly do not understand):

The vast majority of miners are "honest" "intelligently profit-seeking".

The original comments by u/ForkiusMaximus providing an explanation of these important (but often subtle) concepts are shown below - with some text bolded & italicized for empahsis.
https://np.reddit.com/btc/comments/5z3hv5/bloomberg_antpool_will_switch_entire_pool_to/dev7drt/?context=3
We don't have to trust [miners] to be "honest" as Satoshi unfortunately worded it.
Replace the term honest with "intelligently profit-seeking."
Bitcoin assumes miners are intelligently profit-seeking, meaning that they have a decent enough read on what the ecosystem wants that they can and will make any necessary changes to please the ecosystem and thus boost their own bottom line.
Greg's recent comments on BU totally discredited him, as he revealed himself to have no friggin' idea how Bitcoin works.
He actually thought "honest" meant something like "plays by Core rules." That's a completely broken understanding of Bitcoin, and implies centralization.
It's the kind of misconception I'd expect from a run-of-the-mill nobody on a forum, not from the mighty leader of Core/BS. I'm kinda pissed I wasted mental clock ticks trying to debate this guy without realizing he has not just a flawed understanding, but zero understanding of how Bitcoin works at all. And of course all his supporters parrot his nonsense view of how Bitcoin supposedly works.
https://np.reddit.com/btc/comments/5yxreu/classic_fearmongering_example_by_bitcoin_core/dev0x5d/?context=3
Mining control is the key invention of Bitcoin. It's how it doesn't just devolve into yet another failed subjective monetary scheme. If you don't like it, you should figure out another scheme. Perhaps proof of stake is more your thing?
Also, it's pretty amazing that you think just because BU makes it more convenient for miners to do what they always could do, that that somehow dooms Bitcoin. If that dooms it, it was already a dead man walking.
How do you propose to stop miners from altering their own blocksize settings?
If you have no answer, you have no grounds to attack BU without falling into the category of being a Bitcoin skeptic.
https://np.reddit.com/btc/comments/5zoywt/the_largest_problem_of_bitcoin_is_that_most/df0jutk/
It's actually fairly subtle: mining IS how you vote for rule changes, BUT miners have every incentive to vote with the market, so they DON'T have any meaningful ability to push rules on the community (even under BU).
There is no trust or "honesty" involved, as Satoshi unfortunately worded it. There is only the underlying assumption that makes Bitcoin work: the assumption that the vast majority of miners are INTELLIGENTLY PROFIT-SEEKING.
The only way this system can break is if the majority of miners seek something other than profit (say a government took the major mining pools over and somehow hashers couldn't switch away in time), or the miners misjudge what the market wants (due to a failure of market communication).
However, in this case and on these timescales it is obvious the current crop of miners are generally profit-seeking. And if they are misjudging the market, we have a remedy: we can resolve that through fork futures trading on the exchanges.
Note that this is just moving the decision from the first kind of investors (miners) to the general investing public. Miners are a first-line proxy for investors in general. If they fail to reflect investor will, investors are free to take it to the market by forking and trading the two sides of the fork (preferably as futures so as to avoid scrambling to upgrade urgently).
Also important would be to maximize freedom of discussion so that market communication is not distorted. Finally, the whole idea of the UASF people, that we would poll the ecosystem somehow to prove the economic majority wants some change, already means that merely showing this proof to the miners should convince them, as they are intelligently profit-seeking. But that obviates the need for a UASF in the first place (!).
https://np.reddit.com/btc/comments/5yyotu/if_blockstream_core_offchain_solutions_are_any/deu0hpn/
I used to think they don't understand markets, but in fact they are stuck at an even more basic level than that.
I took a spin through the wreckage of /Bitcoin today for the first time in weeks. It was pleasantly surprising to see how with the ramping up of miner support for BU, the Core arguments have been reduced to obvious fundamental misunderstandings of Bitcoin that are now trivial to rebut.
In a word, they haven't actually grasped the concept of incentives.
This goes all the way to the top, not just the supporters but the key Core devs themselves. They don't understand markets, yes, but it's not like they are even close. They lack the understanding of even the fundamental building blocks of markets.
When you think about it, governance by incentives is pretty subtle. Even if one reads the whitepaper and goes, "Oh yeah I see, miners would be motivated not to kill the golden goose in that situation," it is quite another matter to fully internalize the fact that the only reason Bitcoin is a thing at all is because of the assumption that miners are not idiots. Or more accurately, that miners as a group will never have a gross failure to correctly apprehend the wishes of the market.
This is the source of all the weird claims about miners controlling or not controlling Bitcoin.
Core and Blockstream dev Matt Corallo thinks that if miners were allowed to (not mentioning how they could be disallowed to), they would mine extra coins for all the "extra profits." Again this goes beyond failing to understand markets, all the way down to failing to understand or take seriously incentives as a concept at all. I'm not blaming him, he's a coder; I blame those who take his commentary on non-coding matters seriously, merely by dint of his coding skill.
A constant refrain from Core supporters as BU gain hashpower is that "miners don't control Bitcoin." This is actually correct: miners don't control Bitcoin, they won't act against the economic majority. But not because they can't. They certainly can, just like oncoming traffic can swerve toward you on the freeway. But they don't, because that would destroy them as well.
Thus is the subtlety of governance by incentives. Miners have control, but they won't use it to do anything that displeases the ecosystem, on balance. Or they might, but in that case Bitcoin is a failed concept as its fundamental assumption is then proven to be broken.
Many or most anti-BU arguments unwittingly take that form: they start with the premise that Bitcoin is broken [i.e., miners are idiots or that they grossly fail to read the market] and reason from there to conclude that BU is broken. Examples include the median EB attack, the various big block attacks, and the bizarre claim that BU has a "new security model" because it "lets miners do something they couldn't before" (ironically implying Core has snuck in a new security model where they try to restrain miners by making it inconvenient for them to change a blocksize setting).
Hence we see that it isn't merely a matter of Core and Blockstream people having initially dismissed Bitcoin and then later seeing the light when the price rises forced them to look deeper. They in fact still haven't seen the light. They never fully understood the basic dynamic that makes Bitcoin tick, let alone understanding higher level concepts like markets. This is why they so easily fall into the central planning mindset, seeing Bitcoin as a fragile little thing that must be defended by their wise paternalistic guidance.
The Core devs have replaced the fundamental assumption in the whitepaper, that most miners are honest (I prefer "most miners are not idiots" as it is harder to misinterpret), with the fundamental assumption that the right set of people (or the right repository governance structure) is in charge of the "reference implementation."
This manifests as a kind of envy toward the miners and comes with all the other curious trappings of the Core worldview: the code is the spec, hard forks are dangerous, Core = Bitcoin, anything that deviates from Core diktats is an "altcoin," it doesn't count as censorship to delete discussion of alternative clients as they are "off topic," nodes > miners, anything that makes it a bit easier for miners to do something Core doesn't like is an "attack" on Bitcoin, centralized control by Core is necessary to preserve decentralization, UASF is a viable idea, Segwit has consensus among "the Bitcoin experts," and so on.
https://np.reddit.com/btc/comments/5yvtrn/new_atl_alltime_low_for_bitcoin_core_client/detpkdj/
Estimated Core hashrate down below 2/3 already.
Core has lost supermajority status, even with all the historical inertia, miner conservatism, and crackerjack programmers they are reported to have on their side. Even with the "consensus" of "the experts."
Even with two years of mindbendingly extreme censorship in their favor on the two biggest Bitcoin discussion forums.
https://np.reddit.com/btc/comments/5yvuw7/while_nobody_was_paying_attention/detqbnd/?context=3
The Core devs have directly created this situation by keeping the blocksize cap locked down long after it became controversial. The logic of how users make needed changes to the protocol, as mentioned in the whitepaper, requires that users be able to easily adjust any settings that are controversial, so as to be able to "vote with their CPU" power in a smooth manner.
Core tries to leverage their waning "reference implementation" status to rig the vote by deliberately leaving the now maximally controversial blocksize limit hard-coded, forcing the user to venture out into relatively new dev team offerings if they want to cast a vote. This is exactly how you create the conditions for a contentious split. They have brought this upon themselves entirely.
https://np.reddit.com/btc/comments/5z6w2u/bitcoin_on_linux_should_be_a_virtual_package/dewjwlh/
Adam implies BU is pre-alpha, yet it is winning in the only arena where people actually put their money where their mouths are.
How pathetic does it make Core that they are losing to a pre-alpha client?
submitted by ydtm to btc [link] [comments]

Coin-a-Year: Nyancoin

Hello cryptocurrency lovers! Welcome to Coin-a-Year, the laziest series yet in the Coin-a-Day publishing empire. This year's coin is Nyancoin (NYAN). I originally covered Nyancoin in an article here in /cryptocurrency published January 4th, 2015.
Without (much) further ado, I'm going to include the original report next, unmodified. This is unlike my Coin-a-Week series, where I use strikeout and update in-text. Because this is going to be a longer update, I'll just make all further comments and updates below, just realize that all information below is as of January 4th, 2015 and thus is more than a year out of date as of posting now, at the end of February 2016.
Since I use horizontal rules as internal dividers in the original post, I'll use a double horizontal rule to divide the original text from this prelude and the following update.
Coin-a-Day Jan 4th
Welcome to the fourth installment of Coin-a-Day! To see convenient links to the introduction and the previous entries, please see /coinaday. Today's coin is Nyancoin (NYAN).
Summary
• ~173.6 million available currently [1]; 337 million limit [2]
• All-time high: ~0.000024 BTC on February 16, 2014 [1]
• Current price: ~3 satoshi [1]
• Current market cap: ~$1,275 [1]
• Block rate (average): 1 minute [1] [3]
• Transaction rate: ~25? / last 24 hours; estimated $3-4 [4]
• Transaction limit: 70 / second [5]
• Transaction cost: 0 for most transactions [6]
• Rich list: ??? [7]
• Exchanges: Cryptsy [8]
• Processing method: Mining [10]
• Distribution method: proof-of-work block rewards and 1% premine for "bounties, giveaways & dev support" [2] [10]
• Community: Comatose [9]
• Code/development: https://github.com/nyancoin-release/nyancoin ; there hasn't been a released code change in 10 months. The new developer has talked about some changes, but has not made a new release. He has given advice about how to keep the network running and operate the client. [10]
• Innovation or special feature: First officially licensed cryptocurrency (from Nyancat) [2]; "zombie"-coin [11]
Description / Community:
So you're probably wondering why in the world we're talking about a coin which has been declared dead and already written off. I actually first selected this coin to illustrate a "deadcoin", but the more I dug into it, the more I was amazed at the shambles I discovered. I am combining the description and community sections for this coin, because the community (or lack thereof) is the central issue for Nyancoin.
Substantially all, if not literally all, of the original infrastructure is gone. From the announcement post, the original website has expired. The nyan.cat site itself survives, but has no reference to the coin. The github repo remains, but then there was never much changed from the bitcoin/litecoin original. In fact, the COPYING file doesn't even list "Nyancoin Developers". None of the original nodes seem to be running anymore. @Nyan_Coin hasn't tweeted since July 6th. And that was just to announce posting an admittedly cute picture to facebook which makes a claim for a future which seems never to have developed. Of the original 15 pools, I think all are dead except p2pool, for which at least one node still supports NYAN. The original blockchain explorer, nyancha.in, is still running. The faucet is dead or broken. The original exchanges no longer list it (two of the three having died; SwissCEX having ended its trading as of the first of this year). And so forth.
And yet:

I'm not dead! I'm getting better!

No you're not, you'll be stone dead in a moment.
[Of course, that scene finishes with knocking out the "recovering" patient so he can be taken away...not to mention the absurdity of including Monty Python in a financial article, but moving right along.]
There is still just enough left to Nyancoin to keep it twitching, even if it is on life-support. Whether it's an individual node or whether it's a pool, there are blocks being produced at a steady rate as intended. Transactions are being processed. There is still a market. There is still a block explorer. And there is a dev. It is like a case study in the absolute minimum necessary to keep a coin alive. The most likely outcome is almost certainly a final collapse when one critical piece or another of the infrastructure goes away. And yet in the meantime, a person can own a million NYAN for $8 [12], and then move this coin quickly and easy, albeit with no particular external demand. It's like the world's most hyped testnet.
I think this case presents an interesting example of what happens to an altcoin when its initial support dries up. NYAN coin is more fortunate than some, actually, as there are some where there are no longer any nodes running it nor the original announcement thread (in fact, there was actually a second Nyancoin launched around the same time. But it died hard and its original announcement thread was deleted and at this point I would have no idea how to access it; so "Nyancoin" thus illustrates how hard a coin can die (Nyancoin 2) as well as how it can hang around despite being proclaimed dead, with far more justification behind that pronouncement than there has been for bitcoin (NYAN) ).
Footnotes
[1] http://coinmarketcap.com/currencies/nyancoin/
[2] https://bitcointalk.org/index.php?topic=402085.0 Regarding the premine, it's unclear to me where this money is now, since the original poster hasn't been active on BCT since May and the original site is down. However, given that it's only 1%, and about $25 in value right now, there seem to be more significant concerns for NYAN.
[3] http://nyancha.in/chain/Nyancoin - Nyan blockchain explorer; blocks are somewhat inconsistent but somewhere around the 1 minute average
[4] There doesn't seem to be anything automatically doing these stats, so I did visual inspection on about 1500 blocks (about one day) excluding the block generation reward (~250k/day). Most blocks are otherwise empty. I counted about 24 transactions or so scrolling through, with an outlier around 300k NYAN and another around 100k NYAN. In total, about 500k NYAN, excluding the block rewards. This is very approximately $3-4.
[5] Nyancoin is a basically unmodified, slightly out-of-date bitcoin as far as code goes, and ignoring the change in block rate and total coin supply, as well as the difficulty retarget after every block. So for purposes of estimating maximum possible transaction throughput, I start with bitcoin's estimated 7 transactions per second, and multiply by 10 for having a block on average every minute rather than every 10 minutes. In any event, this limit is not likely to be reached in the foreseeable future.
[6] Like bitcoin, transaction fees appear to be optional in Nyancoin. Unlike bitcoin, there is almost no transaction volume, and coins tend to sit for a relatively long time before being moved. So zero-fee transactions appear to be the norm from looking at a couple transactions on the block explorer.
[7] I couldn't find one. See the disclosure section of this article: your humble correspondent is likely represented in some way on a top 100 if one were to be made or if one exists, despite not holding it directly, depending on how the exchange holds it.
[8] I could not find any other exchanges still listing Nyancoin. SwissCex appears to have disabled it as of a couple days ago. Cryptsy has a notice that the NYAN/BTC market will be closing, but its NYAN/LTC market appears strong.
[9] Essentially all of the original sites, pools, faucets, etc. are dead and there has been very little to replace it. There is basically a single node, or perhaps a very few, which are running the blockchain. However, there is a developer still trying to hold things together, maxvall_dev, maxvall on BCT. He is the last hope for the NYAN.
[10] https://bitcointalk.org/index.php?topic=597877.0 This is the thread where maxvall took over as dev, and it also discusses switching to PoS, which hasn't happened as far as I know.
[11] "zombie"-coin: Not to be confused with ZMB (my god, does it ever end?). This is my term to describe a coin which is "undead": by rights it should be dead. And yet it's still walking around and acting like it's alive. What is it? What's going on? It's quite debatable whether this gives it any special value, but I find it an interesting state, and it's why this was chosen for early coverage. There are plenty of actually popular and successful coins, and we will go onto covering more normal selections; we're looking for variety rather than repetition. But I think this is an interesting example for what can go wrong, and yet in the midst of that, how little it takes for a coin to survive. In fact, it's almost like an alternate history bitcoin to me; this shows the concept that "it was run on one computer before; it can be run on one computer again" to some extent. And there are even some strange pragmatic benefits as well, like having no competition for getting a transaction into a block and thus zero transaction fees.
[12] And, in fact, the author chose to do so today, spending about 0.03 BTC for about 1 million NYAN.
Additional Reading
/nyancoins - Like NYAN: mostly dead, but not quite
http://nyan-coin.org/ - new official website
BCT thread listing nodes, xpool (p2pool), for mining information.
americanpegasus predicting in February that NYAN will hit $1; always an entertaining read
Giveaway
Instead of a challenge today, since NYAN has enough challenges, I decided I would give away 10,000 NYAN to at least the first ten people who ask for it. This still remains at my discretion, but honestly, if you really want, say, 50,000 NYAN and create four new accounts to do so, I'll probably be too amused to say no. I don't expect to get ten requests. If I get more, I'll probably still fulfill them, but as with everything else, this is left to my whim.
Donations and Disclosure
Okay, this is an important one today because of the tiny market here. I actually hold less USD value in NYAN than in BTC, DOGE, and PPC (although my value in PPC might be about equivalent actually), but I hold more of the total market in NYAN than any of those three. And I'll probably be buying more. So I have a conflict of interest in writing this article.
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
I personally hold just over 1 million NYAN on Cryptsy right now.
Perhaps it would be better if I didn't write any articles about anything I were invested inspeculating on, but I started this series for my own education to further my speculation, so unfortunately, dear reader, your needs come second to my own. tanstaafl; you get what you pay for, and I'm giving you my thoughts.
If by some strange quirk of fate you actually own NYAN and enjoyed this article and wished to donate some to me, K7Ho9HghBF6xWwS6JsepE6RAEPyAXbsQCV is mine (first non-empty account I've posted; transferred 1000 NYAN into here earlier from Cryptsy to test that the network and my wallet were actually working).
Thank you all for reading and commenting! I've already learned a lot from this process and I look forward to more!
Upcoming coins:
• January 5th: Nxt
• January 6th: Darkcoin
• January 7th: Namecoin
I'll use alphabetic labeling for footnotes in the updates to avoid any confusion with the footnotes in the original. For simplicity, unchanged items, like the 337 million limit and the 1 minute will not be mentioned, and we'll start with the summary changes.
Updates:
Summary
  • ~263.7 million NYAN currently exist [a]
  • Current price: ~7 satoshi [b]
  • Current market cap: ~$8,000 [c]
  • Transaction rate: ~185 / last 24 hours; ~3,300,000 NYAN (~$100) [d]
  • Exchanges: Cryptopia [e]
  • Community: We're not quite dead yet; in fact, I think we're getting better! [f]
  • Code/Development: I have an early draft of NYAN2, but I'm about six months past my initial goal for having it available to use. Life/work/lack of build machine/procrastination. NYAN2 will be a rebase onto a modern LTC codebase which will soft fork to fix a current vulnerability to a fork bug. For now, the network still runs on the same code that it did when I wrote the first article.
Discussion
I'm going to consider the community first, since I pointed it out as the weakness and central topic in the last one, then talk about the technical situation briefly, and then review the financial results.
The community has been excellent, if I do say so myself. We've got working infrastructure going thanks to the contributions of many Nekonauts (see [f]). Some original Nekonauts have returned or at least popped in from time to time, and new ones like myself have found Nyancoin (I would say given what I wrote in the original, I was still a skeptic of it at that point. Not that skeptics can't be Nekonauts, but I think I'd put my conversion to the cult of nyan shortly after writing that, even though I was already a nillionaire then for the heck of it.)
While I do look forward to seeing the community continue to grow in future years and consider that important, I don't think the community is our weakest point any longer; I think it's now our strongest point. I've tried to encourage the community's revival as best I could, including giving away tens of nillions in total, and lots of long rambling articles on my views on ethics and philosophy and frankly it's worked better than I would've really expected (or at least it has coincided with an effective recovery of the community). The community also helped me through at least a couple hard times personally in there as well.
The technical situation in Nyancoin is mostly unchanged but slightly improved, although with two additional known vulnerabilities. It's unchanged in that it's the same client. It's improved in that we have an active nyanchain explorer host (nyan.space), and we have a public draft of a plan for a soft forking security fix update in the near future (hopefully by the end of March (although I've slipped these deadlines before and may well miss March for release by a bit, I do think I'm inching closer now and then)).
The most serious vulnerability is to forking. This is the bug which hit Peercoin if I recall correctly. NYAN2 is intended to solve this through its soft fork from the LTC fix upstream (from the BTC fix upstream). In the meantime, we've been lucky we haven't been attacked. The tiny marketcap probably helps with not being a particularly attractive attack target. We're not exactly about to pay ransom to move faucet outputs. But that's no excuse; we want this fixed and should have it finally done "soon" (tm).
The less serious vulnerability is to a time warp attack in the difficulty function (Kimoto Gravity Well), which relates to general weaknesses it has and issues we've had with large gaps in the block chain because of spikes in the difficulty function causing it to be unprofitable and driving away most of the hash, and then low difficulty and price rise making it attractive to more hash, creating a spike and causing it again. While this is irritating, the chain still works, even if there are fits and starts at times. An important part of the reason I can get away with this is because there is at least one Nekonaut-supporting miner, CartmanSPC, who rescues us from time to time, and did so during the course of this article being written. We have a bunch of pools, but sometimes the hash just isn't there to get us unstuck when the difficulty goes high enough. Another part of the reason I consider it not an especially serious issue is because there's a workaround which works for me (classic bad developer logic): I use a large transaction fee (generally 337 NYAN, although I might have halved it after the most recent halving, I'll probably use 337 again) on my personal wallet by default. If necessary, I use a couple of them. It can make NYAN profitable to mine again despite the higher difficulty and "unstick" the chain. The difficulty function can go back down again in the next block if the gap has been long enough, so that can be enough to keep it going again for a while (although it can also get stuck again irritatingly fast at times). A fix for this will be putting in a better difficulty function for NYAN3, which will require a hard fork. This is tentatively scheduled for feature freeze around the middle of this year, coding to follow, activation sometime early 2017.
Financial has been our most disappointing performance. A graph of the 1 year performance right now on coinmarketcap looks pretty sad, showing our fall from a little over 60 satoshi down to around 7 satoshi now.
We rose too high, too fast, and I didn't stick with the safe high paying job like a sane person. Instead I hit the road, went to jail, and worked minimum wage. That doesn't sound like a sentence from a cryptocurrency financial review, does it? But the performance of NYAN since the article has been the story of my personal finances, which is the story of my life since then.
So, autobiographical coinaday interlude, trying to keep it generally to the most salient points. Well, in 2014 I had been on my way home to Minnesota from California when I was pulled over leaving Eureka, Nevada for speeding (got sloppy and went 45 approaching the 45 sign and thus technically still in the 35; bored cop seeing out-of-state plates). My vehicle reeked of weed, what with having been in Mendocino County previously with no intention of traveling out of the county much less state anytime soon but family emergency brought me back, and the end result was a citation for possession of cannabis and paraphernalia along with the speeding.
Fast forward to the beginning of 2015, I'm settled into a good software position and start looking more at cryptocurrency in my spare time. I write the coin-a-day series for a bit and then got annoyed and quit after a while when trying to do one a day on top of an actual job was too much for me (along with some annoyance over criticism; I can be rather thin-skinned at times). But I had gotten interested in Nyancoin, and started buying it up more and more with extra money I was making.
And then comes the crash. I had to stop putting as much in as I realized that where I was living and what I was working on wasn't going to work out for me and I needed to figure something else out. So, as I seem wont to do, I went on a roadtrip. I quit my job. And I went back for the court date for my citations and refused to pay, instead spending 10 days in jail rather than pay ~$1400 (I actually had the money in cash available to me if I chose to pay as a backup if I chickened out, but the judge annoyed me enough that I really preferred to be jailed instead of paying, as stupid as that sounds since I'm quite sure the judge didn't care in the least one way or another).
After that, I went back to roadtrip lifestyle for a while. It was a nice period. A lot of beautiful scenery; a lot of reading. Eventually, I busted up my car pretty badly...a couple times actually, the second time for good. Fast forwarding through the rest of the year, I worked a couple minimum wage jobs to pay bills and avoid cubicle life and kill some time until I figured out what I was going to do next. Just recently I quit as delivery boy after getting a speeding ticket (I swear, I'm not as horrible of a driver as this makes me sounds, although I have had a bad tendency to speed in the past, which I really have curbed to almost nothing; but I'm clearly not good enough) and am currently writing a Coin-a-Year article with a friend's incentive and applying to do documentation and development with the Nu project.
Okay, so what did any of that have to do with NYAN? Well, it's the mess of a life that has led to the fall of the price from 60 satoshi to 7 satoshi. If instead my life history for the time since the article had been simply "I was happily employed writing software", then I don't believe we would have dropped below 20 satoshi. It's easy to see in hindsight. If anyone can lend me a time machine, I'm sure I can get some condensed instructions which should improve performance significantly. Otherwise, just going to have more chalked up for the "character building" tally.
So, lessons learned if you are the major buy support for your coin: you need long-term reserves. Whatever you put in bids can be taken out in a moment by a dump for no apparent reason. This is particularly true if you may be quitting your cushy, high-paying job and wandering around without income for an extended period of time. Rather obvious, but hey, maybe someone else can learn from my mistakes. If I'd been bidding as cautiously as I am now from the beginning, I think the price would probably be somewhere from 10-20 satoshi now instead of around 7 satoshi.
It's especially unfortunate given that I wanted to be able to demonstrate the more consistent growth possible building a stable store of value, as opposed to the pump and dumps common in altcoins. And instead we had a pump-and-dump looking graph ourselves after I bid up higher than I was able to sustain, and a large (10+ nillion) instadump crashed the market all the way back down to 1 satoshi momentarily. We've had a few large (2+ nillion) dumps since, but nothing that large. We haven't generally had that large of bids though either.
It's hard to know when I've exhausted the supply at a price level, when it sometimes waits for a couple weeks or even more and then fills all the bids at once. But I want to maximize the minimum price paid because I think that's important for building confidence in a store of value long-term, which is one of my core goals for NYAN.
At the same time, we're still up from the lowest parts of the floor and where I found it. Since I own about 30% [g], the very cheapest supply has been taken off the market. I plan to keep on buying up "cheap NYAN" as much as I can. I've bought up to 60 satoshi before, I'll probably buy up that high this time around. I've got a token 100,000 NYAN ask at 300 satoshi; I hope never to sell lower.
Conclusions
Now I try to wrap it all together as if I saw this all coming and am the wise expert, despite having had about 90% drop in price in the last year after bidding too high. My original concept was taking the "minimum viable coin" and reviving it to a powerhouse as a textbook example in how to do it.
Part of my core concept in this is the arbitrariness of value: throughout history, humans have chosen any number of things as a store of value for the time: salt, large rocks, certain metals, disks, marked sticks, and so forth. While there has generally been a certain logic in the choice, in that there is a locally restricted supply in one way or another, and so forth, from the perspective of other centuries or cultures the choices can seem quite strange. Growing up, I was always struck by how strange the notion of salt being limited and valuable seemed in a world where people were trying to reduce intake and large amounts could be bought for trivial sums. And yet, a key nutrient necessary for life fundamentally makes more sense as being valuable than notched sticks or printed paper or a piece of plastic with some encoded information.
Humans have perpetually come up with stranger and stranger ways of storing and transferring value. Each new step, as always, comes with its own disadvantages and, frankly, has generally appeared nonsensical at best and fraudulent at worst to the status quo. Which doesn't mean that each new attempt is valuable. The gold bugs always like to point out that every fiat currency ultimately returns to its true value of zero. And the skeptics of cryptocurrency argue that all cryptocurrencies will eventually return to their true value of zero.
It's certainly possible. And it's possible the USD will hyperinflate someday. I tend to try the moderate view for a plausible guess of the future. By that type of logic, I would guess that over the course of decades, USD will in general lose value, and cryptocurrency will tend to slowly gain value. That might not seem the moderate view, but USD not losing value over decades would be truly shocking. And hyperinflation has been predicted since the USD went off the gold standard, or before. So some amount of inflation less than hyperinflation seems like the safe guess (but then, the Titanic arriving would also have seemed like the safe guess to me). And with cryptocurrency, I think it's clear by now the technology will continue to survive. So my first question is with what overall value as a market? It could go down, of course, but that seems unlikely in an already small, young market. Even if all the current crop die off and are replaced, whatever cryptocurrencies are around should be able to do better than a handful of billion in market cap in my view.
I believe that cryptocurrency has a bright future ahead of it. The best coins should ultimately survive and thrive. But I've been wrong on most of my major calls so far, like for instance when I thought BTC was over-priced around $5-$10.
I think Nyancoin can have an important role to play in the future of cryptocurrency in the years and decades to come, but it's a massively speculative long-shot. See also Nyancoin risks document. But like Linus Torvalds' autobiography, I try to keep "Just for Fun" as a core motto and principle. It's makes for a good hobby project because there will always be more to work on, with a core community motto of
TO INFINITY AND BEYOND!
Disclaimers / Sponsorship:
As I said before:
I am not providing financial advice and I do not make any recommendations of any sort on any matters. Make your own decisions; do your own research. Please, I do not want to hear about anyone doing anything "on my advice." I am not offering advice.
And I'll reiterate that I own about 30% [g] of the current supply of NYAN, which makes me by definition maximally biased.
Also, I'm not sure what's up with the address from the first post. It doesn't show up in my current wallet as a recognized address. So, anyhow, don't send there. :-) If you'd like to donate, please consider sponsoring a coin-a-day or coin-a-week article.
This is the first sponsored article. This Coin-a-Year article has been brought to you by spydud22 's generous patronage. I'd been meaning to do a Coin-a-Week article on Nyancoin for a while, but between wanting to "wait until the price recovered a bit" and general procrastination, then it seemed like it would make a good Coin-a-Year article, and then I wanted to wait until the price recovered a bit more...anyhow, so thank you spydud22, for causing me to finally do this. :-)
Footnotes
  • [a] nyan.space/chain/Nyancoin ; as of block 1091430, 263738786.71890615 NYAN outstanding. This is slightly over 50% more than the last report, which is what we would expect, since it had existed for about a year then, and has approximately annual halvings. The first year generated about 50% of total supply; the second year generated about 25% of total supply. We should expect in a year to have about 17% (one-sixth) more than we have now.
  • [b] https://www.cryptopia.co.nz/Exchange?market=NYAN_BTC ; this is the only market reflected in coinmarketcap and it is the primary one on which I trade. Cryptopia also has other base pairs which operate at significantly higher spreads (lower bids; higher asks) and have minimal volume. In the time since the last report, NYAN has traded as high as 60 satoshi (and briefly a little higher at times), but over the last almost twelve months since a peak about a year ago, the price has been generally declining overall, as a gross oversimplification of a lot of movements. This has been an effect of me not being able to keep buying as much and there being large dumps I wasn't expecting from time-to-time. Now I'm taking the approach of building large (one or more nillion (million NYAN)) bids on each price as I slowly work my way back up again in order to be able to handle possible dumps with less price shock.
  • [c] coinmarketcap.com/currencies/nyancoin/ ; as noted in [b], this only reflects the /BTC basepair on Cryptopia but that's where most of the volume is anyhow. Of course, the market is also not particularly liquid since I'm the primary buyer and have rather limited means currently.
  • [d] I haven't setup a script to count this yet, among many things on my to-do list for someday, so I went through by hand from what was the then-latest block of 1091430 on nyan.space back to 1089766 which was the first block generated less than 24 hours before. There was actually a three and a half hour block gap at that point, such that the next prior block was about 24 hours and 15 minutes before 1091430 while 1089766 was only about 20 hours and 45 minutes prior, and has a disproportionate number of transactions and value compared to a typical block (8 and ~313,000 NYAN respectively) from the build-up during the gap. But since that gap conveniently started right about at the start of the 24 hour period, doesn't really skew our results here.
Note that there are often times where the UTXO created during one transaction during the day is spent during a later transaction in the day. This can be considered the "same" Nyancoin being "spent" twice in the same day in our total. But in practice, I believe what's happening here is the faucet is breaking off small (10-50 NYAN) pieces from a larger (~40,000 NYAN) chunk, and so that pops up a bunch of times. So the total NYAN blockchain volume as counted for this topline number should not be interpreted as "NYAN spent in the day" but "NYAN moved on the chain", where the "same coin" can move many times. So it's a very easily gamed metric and not a strong / resistant metric like the market price tends to be (at least relatively speaking), but it's a fun number to calculate and provides a little bit of information.
The transaction count can also be easily inflated and certainly, for instance, having the faucet does generate transactions which are a very common transaction.
And this is also just an arbitrary 24 hour period compared to a previous arbitrary 24 hour period. Nonetheless, I do think there's clearly a bit more activity on the Nyanchain, even though the typical block is still empty and the number of transactions and volume is still tiny compared to the major cryptocurrencies.
Here's an arbitrary example of the faucet transactions Note the zero transaction fee, which I love that the miners support (the defaults are all quite low as well).
Here's an example of what may be the smallest transaction by NYAN volume of the day; but no, I followed its small, spent output, and it led to this gem which also links to this. I have no idea what's going on here, but it's hilarious and I love it. How's that for microtransaction support? :-)
  • [e] Obviously Cryptsy went down. We had had more than enough red flags with Cryptsy (including one time where I was able to withdraw 6 nillion more than I had in my balance) and got onto Cryptopia. spydud22 basically accomplished that for us, although I helped out in the tail end of the campaigning.
  • [f] Our community is still small (I wish there were literally dozens of us!) but we've had valuable activity from multiple people, including, just as highlights, vmp32k who hosts nyan.space, a clone of the original nyancha.in, jwflame who created the excellent nyancoin.info intro site, with the awesome status page (which currently notes that "the last 500 blocks actually took 111 minutes, which is approaching the speed of light, causing the universe to become unstable"), KojoSlayer who runs the faucet and dice, spydud22 who got us on Cryptopia, and many other Nekonauts have made worthy contributions, and the Nekonauts mentioned have done more than just that listed. So while we are small, we are active at least from time to time and technically capable.
Even though our posting rate is still around 1 post a day or so on average, and so still a relatively quiet subreddit (and it is our main (only?) hub), it's still a very noticeable and significant difference from how /nyancoins looked when I was reviewing it for the original piece here. Here's an attempt to approximate what was there using Reddit search ; archive.org has a snapshot on January 19th, 2015, which is well into the early revival mania and one from August 14th, 2014, before four and a half months of little to no activity. Apparently archive.org unsubscribed to /nyancoins in that interval itself...
  • [g] Maybe up to around 35% by now; maybe still around 30%. I haven't updated hodling report lately; it was 30% last time I recall, but I've bought more and more has been made since.
submitted by coinaday to CryptoCurrency [link] [comments]

Banks Suck. Will BCH or any Crypto experience fees like Bank ATMs ?

I use Wells Fargo (yeah I know they are a scummy garbage company) and yesterday I needed $10 in cash. The only available ATM was a Bank of America (equally scummy) ATM, and they charged me a $3.00 fee for $10. I thought "Oh well that's the price I gotta pay for convenience". Tonight I checked my bank account, and on top of the $3.00 BoA fee, Wells Fargo charged me a fee of $2.50 for using a Non-Wells Fargo ATM !!!
I paid $5.50 in bank fees for $10 of cash. That is freaking ridiculous. Proof
When Cryptocurrency (and hopefully Bitcoin Cash) become mainstream, will we start to see fees like this pop up anywhere ? Other than the transaction fee there shouldn't be any secret fees that crop up with more widespread adoption, right ?
submitted by TheScrewer to btc [link] [comments]

Removed comments from Economics subreddits - 07/24/18

👆lol
Comment removed from /badeconomics - lowskilled_immigrant - Created on 07/24/18 00:00:42 UTC - permalink
Serves you cunts right. Vote in shit, get your shit on your face.
Comment removed from /Economics - speciesunworthy - Created on 07/24/18 00:22:06 UTC - permalink
Nope just a patriot pissed off at economic attacks on my country. I'm actively boycotting US products and travel where feasible. They voted for this so FUCK THEM.
Comment removed from /Economics - speciesunworthy - Created on 07/24/18 00:27:56 UTC - permalink
Same here even switched to locally made vodka and beer. Remember, they hate us cuz they ain’t us. Hopefully the next one in office undoes all the shit this one has done
Comment removed from /Economics - lord-derricicus - Created on 07/24/18 01:36:14 UTC - permalink
The reason why fiat has failed is largely due to the global elite purchasing bitcoin. Effectively moving the supply curve right and decreasing demand for paper currency.
Comment removed from /badeconomics - Augustus_Trollus_III - Created on 07/24/18 01:52:26 UTC - permalink
I honestly couldn’t care less about the plight of some soybean farmers.
Comment removed from /Economics - FloatyFish - Created on 07/24/18 02:14:40 UTC - permalink
You're an idiot, good luck
Comment removed from /Economics - europeanconsumer - Created on 07/24/18 03:08:42 UTC - permalink
Says the dude who posts in t_d
Comment removed from /Economics - Spy_v_Spy_Freakshow - Created on 07/24/18 03:12:20 UTC - permalink
Yeah, and guess what, they aren't going to just give it back either!
Comment removed from /Economics - CarbonLifeForm69 - Created on 07/24/18 03:31:10 UTC - permalink
Geeze, you sound exactly like a Trump voter, dude. Take it easy.
Comment removed from /Economics - tktk77 - Created on 07/24/18 03:52:15 UTC - permalink
That’s a pretty shortsighted approach to take
Comment removed from /Economics - 255979119 - Created on 07/24/18 04:40:38 UTC - permalink
So essentially.... capitalism vs communism?
Comment removed from /AskEconomics - waynerooney501 - Created on 07/24/18 04:59:50 UTC - permalink
Price theory only applies to firms when they face decreasing returns to scale, hence it really doesn't describe many parts of the real economy.
Comment removed from /AskEconomics - themountaingoat - Created on 07/24/18 05:04:09 UTC - permalink
Yeh fuck farmers! Who needs food anyways. Fuckin jabroni
Comment removed from /Economics - czechweasel - Created on 07/24/18 05:20:34 UTC - permalink
You get what you voted for.
Comment removed from /Economics - Muny30 - Created on 07/24/18 05:36:58 UTC - permalink
Yup serves these hillbillies right.
Comment removed from /Economics - littlecro - Created on 07/24/18 08:08:23 UTC - permalink
At least some poor underage pregnant girls won't be getting abortions...
Comment removed from /Economics - cd411 - Created on 07/24/18 11:44:30 UTC - permalink
Trump voters getting exactly what they voted for.
Comment removed from /Economics - drobinsondn - Created on 07/24/18 12:09:49 UTC - permalink
So, because they’re farmers they’re all Trump-supporting hillbillies?
Comment removed from /Economics - maosaysmiao - Created on 07/24/18 12:17:17 UTC - permalink
I don’t eat soy, therefore I’m not impacted 😀
Comment removed from /Economics - FloatyFish - Created on 07/24/18 12:24:26 UTC - permalink
They voted for Trump which means they’re responsible for this. I’m tired of hearing them bitch about their plight when it’s self inflicted.
Comment removed from /Economics - FloatyFish - Created on 07/24/18 12:29:07 UTC - permalink
I know, it’s not fair. But since we are all suffering because of what is going on and people’s kids are sitting around in cages, I’m not gonna feel that bad if the South suffers with us. They can bear the burden of their shit decisions.
Comment removed from /Economics - littlecro - Created on 07/24/18 13:06:14 UTC - permalink
Maybe I haven't read enough articles, but I'd like to see more and more of these people being adversely affected by the tariffs start to call Trump by name or to express regret in voting for him.
Comment removed from /Economics - MasterClown - Created on 07/24/18 13:31:25 UTC - permalink
That's why the Republicans will make sure the US famers don't even notice.
They're bring back a depression-era program to subsidize the farmers hurt during the trade war. This should hold over the rural republican voters until the midterm or even the presidential election. They'll just use tax dollars to pay for farmers being hurt by the trade war as long as they keep voting republican.
Comment removed from /Economics - It-Wanted-A-Username - Created on 07/24/18 13:45:36 UTC - permalink
Hey, I'm a 30 year old American!
Oh...
Comment removed from /Economics - pwlocke13 - Created on 07/24/18 13:53:06 UTC - permalink
So their answer is to steal it and redistribute
Comment removed from /Economics - AFreedomLover - Created on 07/24/18 14:11:15 UTC - permalink
Got any better ideas?
Comment removed from /Economics - joehillen - Created on 07/24/18 14:22:47 UTC - permalink
Innovation, hard work, not being a victim, stop the pity party. Stop blaming everyone else.
Comment removed from /Economics - AFreedomLover - Created on 07/24/18 14:25:30 UTC - permalink
Taxes aren’t stealing.
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 14:38:44 UTC - permalink
Cool story
Comment removed from /Economics - shades344 - Created on 07/24/18 14:44:05 UTC - permalink
You are arguing semantics.
If I demand your money (for prection, of course), and that is backed by the threat of violence, that's stealing.
You don't want to call taxes stealing, because the entity doing the stealing also writes the law that defines what is legally theft.
(Note: I think taxes for thepublic good and the threat of punishment for failure to pay are both necessary... But let's not try and pretend it's not stealing.)
Comment removed from /Economics - persolb - Created on 07/24/18 14:46:13 UTC - permalink
That’s so silly. You get a return on your investment in the government. Some people get a shittier return than others, sure. But everyone benefits from the programs that taxes provide.
Calling it stealing is silly.
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 14:48:43 UTC - permalink
I also get a return on my investment when I pay a protection racket... And every that pays gets the benefit
Comment removed from /Economics - persolb - Created on 07/24/18 14:52:49 UTC - permalink
It’s so ridiculous to call taxes stealing. We elect officials to represent us, they enact taxation laws, which represent our interests. What are we stealing from ourselves? Silly...
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 14:56:10 UTC - permalink
You have a very optimistic view on government.
51% of the population votes in people to then take away everything some other subset of the population has. This isn't stealing?
(Note: this has happened in multiple counties, and this article is talking about a WAY waterered down version of this)
Comment removed from /Economics - persolb - Created on 07/24/18 14:59:30 UTC - permalink
Everything? That’s a bit hyperbolic wouldn’t you say?
If people don’t participate in voting is that somehow the other people’s fault?
I understand government is inefficient, I don’t like the way all of it is spent for sure. But that doesn’t make taxes stealing.
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 15:01:04 UTC - permalink
Jesus Christ.
Comment removed from /Economics - internal69audit - Created on 07/24/18 15:01:42 UTC - permalink
You missed my point. If 51% want to take your shit, they can legally do it. Your vote doesn't help at all.
Would you see this different than theft?
Comment removed from /Economics - persolb - Created on 07/24/18 15:04:15 UTC - permalink
Ahh I see what you mean. I see you’ve turned a representative democracy into “stealing other people’s shit”
“Shit” costs money. Government provides services. If you don’t want to live in a state that provides government services there are a few available to move to.
Isn’t that a lot of the right-wing’s arguments? Don’t like how things are done: move.
There are checks and balances for a reason. Nobody’s coming for more than your fair share. You may disagree on what your fair share is, so I suggest voting. It’s never going to be 0, and above 0 isn’t stealing.
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 15:07:35 UTC - permalink
This fucking administration...
Comment removed from /Economics - telltaleharte - Created on 07/24/18 15:10:12 UTC - permalink
The GOP can't afford to lose that voting bloc; naturally they'll get a bailout.
Costing the taxpayers twice!
Comment removed from /Economics - dispatch00 - Created on 07/24/18 15:13:38 UTC - permalink
You can't steal what is rightfully yours.
Comment removed from /Economics - MCVIXI - Created on 07/24/18 15:14:34 UTC - permalink
How come nobody and where is the money coming from to fix Trump's screw ups, but try to pay for poor children's lunch all of a sudden Republicans are all up in arms about fiscal responsibility
Comment removed from /Economics - jyz002 - Created on 07/24/18 15:16:12 UTC - permalink
☝️let me tell you folks 👐we are going to have the biggest most beautiful deficit 👈you know it, I know it. It’ll be 👌yuuuuge👌
Comment removed from /Economics - myweed1esbigger - Created on 07/24/18 15:18:51 UTC - permalink
Hey! Isn't this the that had access to personal computers their entire lives? Fucking shits can't even 1v1 not online 😶😶😶🤣
Comment removed from /Economics - graynymph7459 - Created on 07/24/18 15:20:17 UTC - permalink
This fucking entire country.....
Comment removed from /Economics - OptimalDouche - Created on 07/24/18 15:20:38 UTC - permalink
Investments are voluntary.
Comment removed from /Economics - AFreedomLover - Created on 07/24/18 15:20:55 UTC - permalink
Just bout some Maine lobster for under $5 per pound thanks to Chinese tariffs.
Nice work Trump! I love lobster and don't want those Chinese eating all mine.
Comment removed from /Economics - HuskyPupper - Created on 07/24/18 15:24:12 UTC - permalink
You haven’t been paying attention, have you?
Comment removed from /Economics - internal69audit - Created on 07/24/18 15:27:14 UTC - permalink
You’re Free to leave the United States of America at anytime you like
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 15:27:31 UTC - permalink
Where!!??!!
Comment removed from /Economics - captainroyal - Created on 07/24/18 15:29:19 UTC - permalink
It is almost as if he routinely and effortlessly lies.
Comment removed from /Economics - ChocolateSunrise - Created on 07/24/18 15:29:23 UTC - permalink
Shouldn't we have the revenue from the tariffs to use for things like this?
Comment removed from /Economics - PigSlam - Created on 07/24/18 15:33:19 UTC - permalink
and how that is simply not what was intended by founding fathers/constitution. Tyranny of the minority is worse than tyranny of the majority...
Cue routine response that the nation was supposed to be a union of coequal, sovereign states, not a republic where we collectively choose our leaders. So in that model a rural state with 1% of the population of CA would be equal in power to CA. There is no way rural states are going to willingly give up the disproportionate power they have. They're going to take any effort to have their votes count the same as other citizens as them being disenfranchised.
Comment removed from /Economics - mhornberger - Created on 07/24/18 15:33:55 UTC - permalink
🤦‍♂️ k. That was dumb.
Comment removed from /Economics - AFreedomLover - Created on 07/24/18 15:36:31 UTC - permalink
Lol, sounds pretty voluntary to me.
Comment removed from /Economics - Finally_Adult - Created on 07/24/18 15:36:56 UTC - permalink
I just expect every "decision" he makes to have a purely political reason, he's not working for any Americans other than the ones who like him.
Comment removed from /Economics - Lukewarm_beans - Created on 07/24/18 15:37:06 UTC - permalink
Maine lobster has been cheap for years because of a glut caused by ocean warming which drove the lobster population north, right into the Maine coast. Science!
Comment removed from /Economics - NemWan - Created on 07/24/18 15:37:31 UTC - permalink
Get that logic outta here!
Comment removed from /Economics - dispatch00 - Created on 07/24/18 15:38:17 UTC - permalink
So today we’re pro socialism and welfare?
Comment removed from /Economics - HighOnGoofballs - Created on 07/24/18 15:38:17 UTC - permalink
Hey man, us American are sorry. Please don't be too spiteful, we don't like the guy either!
Comment removed from /Economics - Rugged_Refined - Created on 07/24/18 15:39:14 UTC - permalink
Hyperbole aside the Legislative system is designed to specifically give disproportionate power to states with smaller populations. Tyranny of the majority is a real concern when we think about political balance of power.
Comment removed from /Economics - June1994 - Created on 07/24/18 15:40:08 UTC - permalink
Market basket.
Can finally get some big ones too. Got a 2.5 lb lobster. Haven't been able to find those let alone buy them for some time now.
Comment removed from /Economics - HuskyPupper - Created on 07/24/18 15:42:12 UTC - permalink
While 5 dollar lobster sounds great and all, it's not really related to the topic.
Also proof, or it didn't happen..
Comment removed from /Economics - Rugged_Refined - Created on 07/24/18 15:42:29 UTC - permalink
Damn, only exist in the New England area. We only have $6, 4oz Florida lobster tails here at Kroger in the south east.
Comment removed from /Economics - captainroyal - Created on 07/24/18 15:44:00 UTC - permalink
https://www.shopmarketbasket.com/weekly-flyer?department=30
Comment removed from /Economics - HuskyPupper - Created on 07/24/18 15:45:55 UTC - permalink
Other industries aren't his core voters. It wouldn't make as much sense for Trump to give them free money.
Comment removed from /Economics - Katholikos - Created on 07/24/18 15:46:53 UTC - permalink
You know what's worse than tyranny of the majority? Tyranny of the minority.
Comment removed from /Economics - minno - Created on 07/24/18 15:49:43 UTC - permalink
We know
Comment removed from /Economics - Deofol7 - Created on 07/24/18 15:50:34 UTC - permalink
1: Promise farmers and coal miners that you are their president and will fight for them.
2: Start a trade war that directly damages the farmers and coal miners
3: Use tax dollars to subsidize your inability to make any meaningful policy to fulfill your promise to the farmers and coal miners.
4: Get millions of votes from farmers and coal miners.
This is the world we live in.
Comment removed from /Economics - palindrome_is_not - Created on 07/24/18 15:51:51 UTC - permalink
Sure, but the current issue has more to do with the parts the Constitution left unaddressed rather than vice versa. Also, a tyranny of the minority can be overcome or contained, tyranny of the majority is rather absolute.
Comment removed from /Economics - June1994 - Created on 07/24/18 15:53:13 UTC - permalink
I'm 35. My father was a laborer and I'm an engineer. When adjusting for inflation and factoring in his overtime vs me being salaried, he made the same amount of money 30 years ago that I do today.
Comment removed from /Economics - Red_bearrr - Created on 07/24/18 15:55:17 UTC - permalink
Hi 35, I'm dad!
Comment removed from /Economics - dadjokes_bot - Created on 07/24/18 15:55:18 UTC - permalink
nd how that is simply not what was intended by founding fathers/constitution.
What? That was the exact intention of the founding fathers, that even little states the rest of the country considers backwater would be able to have a say: that's literally the point of the electoral college.
Comment removed from /Economics - KinterVonHurin - Created on 07/24/18 15:55:45 UTC - permalink
Because they are full of shit.
Comment removed from /Economics - Tullay - Created on 07/24/18 15:57:20 UTC - permalink
It's not only that though, the Senate cuts down on the power of Gerrymandering. You can't cut up a state so that it's Senate representation is wildly unlike it's demographic. However the problem with that is then you get crazy things like North Dakota having the same representation as California in the Senate.
I think the real problem is the fact that Democracy is too much work for most people who live in the modern world. "Government of the People" requires The People to do the actual work of governing, and in our case they have totally abandoned their duties.
Comment removed from /Economics - changee_of_ways - Created on 07/24/18 16:00:16 UTC - permalink
I have a garden in my backyard, where do I sign up for hand outs?
Comment removed from /Economics - fogcity89 - Created on 07/24/18 16:00:48 UTC - permalink
You are equating having your vote count the same as mine as living under a tyranny. There is no system where rural states don't have disproportionate power that wouldn't count as a tyranny to them. Rural states aren't worried about balance of power, rather they're worried about preserving their disproportionate power.
"Balance" for them is not between the citizens of our country (that they count as 'tyranny') but between states, as if they are sovereign and independent coequal entities. A model under which a state with 1% the population of CA would still have equal sway over the laws of the nation. You didn't rebut anything I said, merely reiterate it.
Comment removed from /Economics - mhornberger - Created on 07/24/18 16:01:45 UTC - permalink
> You are equating having your vote count the same as mine as living under a tyranny. There is no system where rural states don't have disproportionate power that wouldn't count as a tyranny to them. Rural states aren't worried about balance of power, rather they're worried about preserving their disproportionate power.
Rural states have disproportionate power by design. Which is a good thing. For a long time this country was under the tyranny of the majority, so the concern over minority power is very real. The issue here isn't that minority groups shouldn't be have disproportionate political power, but rather that the majority cannot effectively wield theirs. This is due to technology and lack of campaign finance regulations, not because rural states have too much power.
> "Balance" for them is not between the citizens of our country (that they count as 'tyranny') but between states, as if they are sovereign and independent coequal entities. A model under which a state with 1% the population of CA would still have equal sway over the laws of the nation. You didn't rebut anything I said, merely reiterate it.
I did rebut what you said, you're insinuating that rural states having disproportionate power is a bad thing. It's not, they should fight to keep the current design of the government. That's necessary to prevent large and powerful states from unilaterally dictating the course of the country. That's something that's been in place by design since the inception of this country. You're attributing the current political climate to the wrong cause.
Comment removed from /Economics - June1994 - Created on 07/24/18 16:10:03 UTC - permalink
How old are you?
Comment removed from /Economics - dronepore - Created on 07/24/18 16:10:50 UTC - permalink
Except the minority has already fought and had the original system changed to preserve their power.
http://www.pewresearch.org/fact-tank/2018/05/31/u-s-population-keeps-growing-but-house-of-representatives-is-same-size-as-in-taft-era/
Comment removed from /Economics - squashinmonks - Created on 07/24/18 16:21:07 UTC - permalink
The most significant example of the tyranny of the minority is slavery, which took over two centuries to dismantle and still affects us to this day.
The article you linked has less to do with what we are currently discussing and more to do with the concentration of power in the hands of a smaller powerful group of people. That issue applies to all states equally, be they rural or the Californias and Texases of the Union.
Comment removed from /Economics - June1994 - Created on 07/24/18 16:26:31 UTC - permalink
I think the key here is that the constitution was written with the 13 colonies in mind. I don't think the founding fathers had any idea that we would end up with 50 states spanning both oceans, so I think we have a far greater disparity than they ever imagined we would.
Comment removed from /Economics - Wingzero - Created on 07/24/18 16:26:49 UTC - permalink
This is so the farmers that voted for Trump’s get tough policy get bailed out of their decision with your tax money.
Because FU.
Comment removed from /Economics - RestrictedAccount - Created on 07/24/18 16:27:33 UTC - permalink
Can't wait for Republicans to scream about Democrats "buying votes" in the 2018 Mid-terms.
Comment removed from /Economics - HTownian25 - Created on 07/24/18 16:32:26 UTC - permalink
I'm much less concerned with what the Founding Fathers than with whether something is practical or not. The Founding Fathers designed an excellent system for their time and the philosophy guiding their design was very forward thinking. I don't think that rural states are in the wrong for trying to push their interests nor do I think that the manner in which they do so is insidious. The same tools after all, are available to all states. I think the far bigger issues are the things that the Founders didn't address. I don't think they realized just how much special interests could affect politics. The political class was fairly small at the time and the political system of the first four Presidents pales in complexity when compared to the late 20th and 21st century.
I think that there are far too few rules concerning how we elect our leaders and far too few rules concerning money in politics.
Comment removed from /Economics - June1994 - Created on 07/24/18 16:33:31 UTC - permalink
Haha and the Trump 2nd term presidency is secured
Comment removed from /Economics - papeold - Created on 07/24/18 16:34:19 UTC - permalink
No, that was the point of the Senate.
The impact slavery had on the electoral college is undeniable -- the south would not accept one-person, one-vote (and obviously wouldn't let blacks vote), and hence the vile 3/5ths compromise and the need for a system other than popular vote for the presidency.
And likewise gerrymandering of the House has become a perversion. Layering the impact on the judicial branch by virtue of the appointment process, and we have minority of population being able to control all the branches of government... that is not what was intended.
Pick up the July 14 edition of the Economist if you can -- link to most the relevant article below if have subscription or otherwise able to access.
https://www.economist.com/briefing/2018/07/12/americas-electoral-system-gives-the-republicans-advantages-over-democrats
Comment removed from /Economics - ChornWork2 - Created on 07/24/18 16:36:09 UTC - permalink
Right. “Balance” to them is that 10 square miles of mostly trees, vegetation, and crops should have more say than 10 square miles where a few million actual people reside.
Comment removed from /Economics - harbison215 - Created on 07/24/18 16:36:25 UTC - permalink
Honestly, it’s because Democrats have a hard time describing their position.
If they pick up the argument that we can’t pay for these things, Republicans will agree and ask to slash government spending across the board. That hurts Democrats politically (weakening public sector union workforce) and electorally (constituents everywhere have services reduced). This is a downward cycle as the country begins to lose faith in government and the idea that “government is the problem” spreads leading to more cuts in the future.
Democrats need to get aggressive and actually play the game by “holding possession.” This means sayin we’d be happy to provide subsidies for hurting farmers, but first you have to pay for X. That could be healthcare, education, infrastructure, or whatever.
Comment removed from /Economics - TonyzTone - Created on 07/24/18 16:36:52 UTC - permalink
submitted by throwittomebro to reconomics_mod_audit [link] [comments]

Tommy Chong Interview on incarceration and cancer - how cannabis helped.

Tommy Chong has been around so long that he’s a cannabis icon, not just to baby boomers who fondly remember the Cheech and Chong albums and movies, but also to the zillions of fans of That 70s Show, where he starred as Leo (an old hippie who sells weed1). More recently, Chong appeared on Dancing With The Stars, as well as doing voice acting in animated TV shows and even children’s films (Ferngully: The Last Rainforest and Zootopia) over the decades. While some of today’s cannabis activists have derided the Cheech and Chong culture because of their perpetuation of negative stereotypes, it’s important to remember that those albums and movies were all for fun, and that – at the time – those stereotypes did not even exist. While prohibitionists have indeed attempted to use Cheech and Chong movies as “proof that stoners are lazy and stupid”, the joke’s really on them: Cheech and Chong are actors, no matter how much marijuana they smoked in real life, and “Up In Smoke” is no more a documentary of stoners than “Airplane!” represents a true look at life in airline cockpits.
Few news stories have made it clear, but Tommy Chong is a quiet hero who chose to go to federal prison in 2003 to protect his family. From Wikipedia (emphasis ours): In 2003 Chong became caught up in two American investigations, code-named Operation Pipe Dreams and Operation Headhunter, which tried to trace drug traffic and users through businesses selling drug paraphernalia, mostly bongs. Operation Pipe Dream was run from Pittsburgh. US Attorney for Western Pennsylvania Mary Beth Buchanan oversaw the case. The estimated cost of Operation Pipe Dream was over $12 million and included the resources of 2,000 law enforcement officers. Fifty-five companies that sold drug paraphernalia over the Internet were the subject of the investigation, and Nice Dreams was one of them. Chong was charged for his part in financing and promoting Chong Glass/Nice Dreams, a company started by his son Paris. His case never went to trial, as his attorney negotiated a plea agreement with the US Attorney for the Western District of Pennsylvania’s Office. He admitted to distributing 7,500 bongs and water pipes on the Internet through Nice Dreams, a family company. Chong agreed to plead guilty to one count of conspiracy to distribute drug paraphernalia in exchange for non-prosecution of his wife, Shelby, and his son, Paris. Chong cooperated with the government and was the first of the Operation Pipe Dreams defendants to plead guilty. Then we have Chong’s incarceration and cancer. In the interview, Tommy talks about the prison that was built over oil fields, and that’s true, but it understates the case. The entire town of Taft, where the prison is located, is actually located over the oil fields, as well as several nearby towns. When you factor in the toxic waste dump, it’s easier to understand why lots of people in that area have become suspicious that it was located in a poor Hispanic area, and why many babies have died or been born with mortal defects there.
By the way, here’s where the prison is located, and here’s the dump. You can easily zoom out, and turn the satellite/Google Earth data on, and see how the dump is right up the valley from the prison, so that the air will blow straight down there under the right conditions.
The facts revealed in this interview will likely surprise and even upset some people, but it’s good to remember that Tommy Chong is still with us, and that there are undoubtedly few people on the planet as committed to cannabis as he is. – DF Tommy Chong smokingTC: This is Tommy Chong speaking.
OH: Hello Mr. Tommy Chong! How are you? TC: I’m very well, thank you. How are you?
OH: Okay! I’m really happy to talk to you for Beyond Chronic today. First of all…how is your health, man? TC: Good! Yeah, I just got a clean bill. Just had my blood test, everything’s good, looks like I’m cancer-free at the moment., so that’s good news.
OH: That’s awesome news! Since we’re mostly a medical website, can you give us some details about how you were using cannabis for your cancer and when you started using it medically?
TC: Well, I’ve been using cannabis, you know, for many, many years now, over 50 years. And I’m not a huge smoker, but I smoke it when I got it, you know, one of those kind of guys. A few years ago, I got put in [prison] for bongs…that was in ’03. And I think that’s where the cancer started, because the [prison] was built near a toxic waste dump near Bakersfield, over an old oil field, where they used to hold the oil. And they have a thing there called “Valley Fever“, which is a wasting disease. When I was incarcerated, every time the wind blew, they would make all the inmates go inside because of the bad quality of the air.
And so it was during that time, you know, when I got out of jail, then I started having symptoms and then I went to the doctor, and I found out I had prostate cancer. It’s a slow-acting cancer, so after a biopsy and a few consultations with different experts, we decided to not do anything. And then move forward to around 2013 or 2014, I got asked to be on a show called Dancing With The Stars, and it was physically very taxing, a lot of stress. And I think that’s where I contracted the cancer of the rectum.
And up until then, for my prostate cancer, I was doing a very holistic diet, you know. A lot of green, a lot of vegetables. I quit eating meat, I quit drinking alcohol, and I think it helped. But when I was diagnosed with the rectal cancer, that was right after Dancing With The Stars. I had a choice of going strictly with the cannabis – which I was talked out of. I have a lot of friends who are doctors, and they talked me out of it. They said that no one has survived rectal cancer with marijuana. So then I opted for the operation, and the chemo treatment, and the radiation…as well as the cannabis. Now, I think more than anything, the cannabis has helped me heal, because once I was operated on – you know, it was a five hour operation – and they closed off the rectum, and they gave me a colostomy bag. And I lost some 30-odd pounds, almost 40 pounds. So I was quite skinny. I went down to almost 130. And so I ended up coming back from that. TC: And so right after the operation, as soon as I got home, I got off the hard drugs and I got on to the marijuana. And it helped me right off the bat. I had no appetite in the hospital; that’s where I lost all my weight. But as soon as I got home and started smoking pot, I got my appetite back.
And then the other thing I learned while I was recovering in the hospital: I was in a lot of…discomfort, you know, from laying immobile for 5 hours while they operated on me, and then laying on my back after that to recover. And so I asked the doctor if it was OK if I did crunches, you know, like abdominal work. Because I could do that, I could do planks, I could do a lot of exercises laying on my back. And the doctor gave me the green light. So I would spend a great deal of my time doing crunches, and ab work, and working up a nice sweat. And so I think that really helped with my recovery, because it was within a month that I was walking and playing golf and getting back all the weight I’d lost. And now, like I said, I’m cancer-free.
I was injecting some cannabis oil right after the operation, to help with my healing. But that’s untested, and I stopped doing it, because I was a little worried about injecting anything in my body without knowing exactly where it came from, and everything.
I smoke a little pot, every day, and I’m healthy as can be. I just finished a golf tournament yesterday, and I did the whole 18 holes. I need to rest quite a bit, you know. Whenever I do anything, I need to take 15 or 20 minutes, maybe longer, to regroup.
But I’m dancing tango, and I’m playing golf, and I’m quite active, you know, and for my age and everything, and what I’ve gone through, I’m very happy. And I look good. I can not only do that workout, but I can do upper and lower body workouts with weights. In fact, I’m working on an exerciser that’s going to be on the market, for old people. For guys like me that have limited abilities to work out and stay in shape.
More than anything, the weed really helped with my mental state, because marijuana works on the brain. And if anything, it soothes the brain. You know that old joke about potheads having bad memories? Well, the bad memories are like pain, discomfort, and fear. So you lose all that, and the body reacts by healing faster and stronger. Tommy ChongOH: Wow (long pause, because this was pretty heavy).
Well, I’m really glad to hear you’re better, because when I heard the cancer came back, it sounded pretty dire. So this is very good news.
TC: Yeah! In fact, a lot of websites had me [as] dead.
OH: Well, all these guys are trying to make money off of any damn thing, you know.
TC: (laughs) Yeah, yeah, that’s a lot of hits, isn’t it?
OH: Yeah, I wasn’t even going to bring up what happened to you in 2003, because you really got railroaded on that one.1
TC: Well, I have no real proof on that, but my wife and I both agreed that I was healthy when I went in, and unhealthy when I came out, so that’s the only conclusion we could reach.
Although the diet was good. I had a special friend, you know, that worked the garden, we had our own garden, so I was eating healthy. But it was just the atmosphere that I was around, that toxic waste dump that they built the prison on, I’m quite sure that had an effect.
OH: Oh, yeah. And also, just being in there is so much stress, even if you weren’t in one of those nasty prisons where guards beat the shit out of people, it’s still very bad for your whole approach to life when you’re sitting there in a cage like that.
TC: It can be. You know, I actually turned it into a religious retreat, because we were allowed to…well, if you kept your nose clean and you behaved yourself, you had a lot of freedoms. Because it was minimum security; “Camp Cupcake”, we called it. It’s a Bernie Madoff kind of prison. And I was treated like a celebrity, so I never had that kind of stress. But the stress on my family…my wife having to fend for herself in this world…and that [eventually] worked out really well. But having the federal government come after you for something as innocuous as water pipes, you know…that was a little much.
George Bush, he paid the price. He’s in disgrace now, so the karma really came back on those guys. And [as far as] the cancer…I look on everything with a very optimistic eye. Because I’m a body builder by trade, you know, that was my intent all my life. As soon as I discovered weightlifting, all I wanted to do – my plan in life – was to work out, lay on the beach, and get high…smoke dope. And that’s really what I’m doing.
OH: Well, that brings up another idea…the election couldn’t get much crazier. Have you thought of running for president?
TC: (laughs) Well, first of all, I’m not American-born, so I couldn’t pass that test. What I did, I endorsed Bernie Sanders, but you know, my take on the election is that I lived through Nixon and Reagan. We survived Nixon and Reagan and George Bush, and so we can survive anything that comes along. But I really sincerely believe that Donald Trump and the Clintons made a deal, and Trump said, “Don’t worry, I’ll get you elected. Just watch me.”
OH: Well, it’s pretty crazy out there, that’s for sure.
So your name is synonymous with smoking, but because you’ve been very concerned about your health, I was wondering whether you use a vaporizer at all.
TC: I use a bong. I kind of came up with my own bong made out of kombucha bottles. You know, there’s a kombucha that I really like, it’s a fermented drink that they sell in Whole Foods. And the bottle makes a perfect water pipe, because you can take it apart and clean it real easy.
So my preferred method of ingesting my medicine is the Tommy Chong Not-A-Bong. I don’t call them “bongs”, because they’re more like art pieces. Just before I got busted, I had an art show with my bongs, and I called them art, and the Feds never touched me! (both laugh)
OH: Man…you just can’t really get into their heads. They’re in some other world. All of us heads from the 60s kind of gave up on legalization back in the 70s after NORML screwed the pooch with that crazy shit that went on. So what can you say now that it’s finally starting to happen?
TC: Well, you know, everything takes time. There’s a big shift in our whole way of living, and it started maybe 10 years ago when [smartphones] came into existence. Up until then, we were at the mercy of the press, and so-called experts that would tell us what to think and how to think. But now the [smartphone] has freed everybody, and so everybody gets better. No matter what you say, people will check you out on their phone. My take is that legalization [started coming about] because of that.
So, because they found out that marijuana works well on little babies with epilepsy, Sanjay Gupta of CNN did a big report on that. And when they found out that marijuana does have medical uses, it debunked all the myths and all the lies that the establishment had spread around about marijuana.
Marijuana: The New Bitcoin? And so the policies have to change, because everything is exposed. We see the corrupt prison system, we see the corrupt police system, we see the corruption in the government, from the top on down. You know, it’s built based on lies. However, the marijuana industry itself, because it was an underground industry, showed us the way we could exist on this planet. Because marijuana has become like currency. Anytime you grow a crop like marijuana, or wheat, or corn, or anything that people consume on a daily basis, you’re [getting] into a huge economic area. By making marijuana illegal, the agricultural people can’t grab hold of it like they did with corn and wheat. So those companies are scrambling around trying to get hold of it, but they can’t, because it’s a cottage industry, and it will always be a cottage industry. Because the minute the big companies try to make it their own, like they did with soybeans…like Monsanto, they put their own patent on seeds, and you can’t do that with marijuana.
And it grows everywhere in the world. And it really is currency, if you think about it. Like when Mexicans sneak across the border, they’re more apt to carry a bag of pot then they are a fistful of money. Because the pot can be exchanged for money, anywhere in America. Anywhere in the world! You got a bag of pot, there’s someone who wants to buy it from you. So in a weird way, marijuana has [become] and is becoming the new currency of the world.
OH: I know some people like Bitcoin, and some people like good seeds, right?
TC: (laughs) Yeah! You can smoke it, you can eat it, you can wear it, it’s a perfect plant!
OH: I’d love to talk to you all day about weed, but your PR people really want me to ask about your new emoji app.
TC: Well, the emoji…there again, it’s like Bitcoin. It’s a way of selling my brand, with a very easy price on people. But it’s my brand, it’s my signature, it’s who I am. My emojis are spreading around the world very quickly, and people are picking up on them.
OH: It’s very cool.
TC: Yeah, they’re very cool. I think I’m the first to do weed-friendly emoji.
OH: What about your Chong’s Choice strains?
TC: How Chong’s Choice came about…we were approached by people who wanted to do strains. Like there’s a strain out in Colorado called the Chong Star, after Dancing With The Stars. But that’s only one strain. And what we did was we got a business partner who came in and put a distribution center for us: Chong’s Choice. All the top growers in the different states, they contact us and we make sure that they’re vetted, that what they grow is the best. And once we find the good growers, then we put our brand and packaging on it, and it hits all the dispensaries, and eventually it’ll be hitting the public, as the laws change.
But right now, like the Marlboro Man, I’m gonna have the Chong’s Choice brand for pot. OH: And who better, right?
TC: Who better?!
OH: Yeah! And it’s 4:20, man. It’s 4:20 PM and I’m talking to you. It’s great.
TC: Isn’t it great? Yeah! Something good always happens at 4:20 for me.
OH: Well, I don’t want to keep you. I just want to say…thanks for being you.
TC: (laughs) Oh, you’re welcome, my friend. Call me any time.
OH: Thanks…and here’s my catchphrase: Nugs and hugs!
TC: Ha, nugs and hugs, I love that. Take care.
OH: Thank you!
This was shared with us at /CBD by the owners of www.beyondchronic.com. We talked with them, and they were willing to let us put the article on here completely. They are a great site, and have good articles. This was the full interview. Read more about it here. http://beyondchronic.com/2016/06/tommy-chong-beyond-chronic-interview-part-one/
submitted by BuddhaSpader to CBD [link] [comments]

How Does the Freefalling Crypto Price Impact openANX?

I have been watching the current crop of stories in the media espousing “The Death of Bitcoin” or the rehash of old classics like “Bitcoin is a Ponzi scheme” from 4 years ago (Google “Bitcoin is a ponzi scheme” and see that the Washington Post, FT and a host of others have all taken this tried and true path in the last couple of years) with similar predictions of doom and gloom that the current volatility has stimulated.
It reminds me the current crypto “Talking Head” community. A bunch of people sitting around saying “Oh it’s bad”, “There’s a lot of money on the table” or my favourite “I’m making a killing” or the more honest “How do I not lose my shirt?” a lot of bloggers and journalists who are beholden to the great machine of the 24 hour news cycle, as well as people who just like shouting into the great darkness of the internet, all have column inches to fill.
People who’ve been in the market a while are more sanguine. Crypto is volatile, and the independent nature of many traders mean that a lot of people don’t entirely know what they are doing and begin getting skittish and heading for the exit as soon as “word passed around”. In fact that one sentence “word passed around” explains the mechanism of distribution for 90% of crypto market intelligence. Many voices are saying “But ETH was $359 two weeks ago and now it’s $161, I have to get out!” Two of those things are true. What is also true is that on Feb 25 2017, the price was $13.10. So, it is certainly down from its exuberant highs, but if you got in in Feb your still up 13x…in 5 months.
It’s an immature market, and the volatility attracts the types of players with a particular type of risk profile, certainly. If you got in at $359, then you are likely feeling the pain. Hopefully you got in responsibly and you can afford to sit on your coins for a while. There’s a lot going on in the market at the moment, with all that’s going on in Bitcoin around August 1st, a lot of Token Sales who’ve liquidated some of their ETH to begin working on their projects and some helpful and many unhelpful articles about possible regulation and other shenanigans all have an impact. There are some reasoned voices out there amidst the madness, but they are lonely. I liked this piece by Steve Kanaval over at CryptocoinsNews, who’s been in the game a while and survived the dotcom bubble and knows a thing or two;
https://www.cryptocoinsnews.com/ethereum-prices-trade-to-support-levels-as-they-climb-the-wall-of-worry/
Most pundits prefer to comment at the extreme ends of the spectrum. Either “The Sky is Falling!” or the excellent “The uncertainty is being exacerbated by big players so they can capture more market share”.
Most of us over here at openANX are in the middle of the spectrum. We understand volatility right now is not ideal, but we’ve seen this happen before. We are just continuing doing what we are supposed to be doing, working on the project, getting stuff done. Things will settle down, and it’s best we focus on delivering the best possible platform for our users. So, the answer to the question raised in the title of this post, is “not much.”
Good luck out there! And remember to register before the 29th July to activate your tokens! It seems that a fair number of people are waiting until the last minute, so we are now advising for people to ensure they get their details inputted to the system by July 25th to ensure they are ready to go! Go to https://registration.openanx.org/
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How To Make Profit When Crypto Currencies Are In Red

Earning money from Bitcoin has taken various forms since the world’s top digital currency became more popular. Some of them are new while others have been known to spread in reach along with the currency. Below are some of the best ways to earn money with bitcoin.
Mining Despite claims that bitcoin mining is no longer profitable due to the high cost of the energy required to get the miners powered, the increasing difficulty rate and the recent halving of the bitcoin block reward, mining activities are still being carried out though at a more larger scale and with sophisticated mining equipment.
Mining pool To make a profit mining has made joining a mining pool a great way to reap a small reward over a short period.
A mining pool allows miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
Though the calculation of share of the bitcoins mined can be complex, the two most popular calculation schemes to ensure fairness for all parties are the Pay-per-Share (PPS) – offers an instant payout for each share that is solved by a miner from a pool’s existing balance thus transferring much of the risk to the pool’s operator.
Mobile Games Some important applications have come about in the Bitcoin Android space. Some of them have been written about on CCN before. One of them is Oh Crop!, a game much like Plants vs. Zombies in which the player must defeat evil plants. Players earn free bitcoin in the faucet-like scenario where they view a video advertisement and receive a disbursement. There is also Coin Flapper which presents a situation for the recovering Flappy Birds addict to play and get rewarded for the time spent with a freely earned bitcoin balance.
Earn free bitcoins by watching short videos
One of such platforms is vidybit. All you need is an email for a Xapo account or bitcoin address. Then watch a short video for less than a minute and get free bitcoins. Your account will instantly be credited for each video watched. Those who opt to use a bitcoin address will need to earn 5430 satoshi before payment is sent. BitcoinGet also enable a user to earn bitcoins for watching videos, completing tasks, and completing offers.
Earn money from trading bitcoins Aside the fear of exchanges being attacked by hackers and funds stolen as it was the case with Bitfinex and others, one can earn bitcoins by trading in it as well as with other digital currencies. Basic speculation would do – buy when it is lower, wait until the price increases then sell it at a higher rate to generate profit. Repeat the process over and over again. Understanding market trends and price patterns are key in this regard. Trading in bitcoin could also be through arbitrage – buy it cheap here and sell it at a higher rate there.
submitted by mehra11vinod to Thecryptoadvice [link] [comments]

The cure for low prices? Lower prices. Now's a great time for us to develop a healthy relationship w/ the price of our coin. Consider a couple things happening now..

The Bitcoin community, as well as some parts of the wise Doge nation, have fallen prey to price watching. Especially within Bitcoin, price watching has become a part of the culture. Bad habit. Once you're in a crypto, you're in. You got into the club, no need to talk yourself up now. No need to look for the exits because you just got here 5 minutes ago, and the well drinks are still on the house.
Oh no, we're down 15%. Oh yes, we're up 15%. It's like the Zen parable about the farmer... His son finds a new pony one day, "oh you are so lucky!" all the villagers tell him. "We'll see," the farmer tells them. Some months later, the son falls off the pony, fracturing his leg. "Oh you are so unlucky, you should have never allowed him that pony!" the villagers all tell the father. "We'll see," the farmer tells them. Some months later, war breaks out in the province, and the emperor drafts all able bodied men to fight on the front lines. "Oh you are so lucky, your son is safe!" the villagers tell the farmer..... "We'll see," he says. You get the idea.
We don't know what the future will bring to us.
What we do know is that crypto currency is the future of money. Driving up to your local bank branch is now akin to a drive in movie theater, or driving to Hollywood Video or Blockbuster, or using a payphone. In the near future, it will be an unknown activity.
And within crypto currency, what we do know is that ASICs have utterly dominated Bitcoin. CPU and GPU mining is no longer competitive in Bitcoin. With the KnC announcement, that same tidal shift is coming to Litecoin, is already there in fact. Vertcoin is the natural heir to the crypto throne, and like most rightful heirs, it doesn't feel the need to justify its existence every moment of the day.
Don't price watch. Isn't today Merchant Monday? Let's find a merchant and get on their ass to accept Vertcoin.
You're in the Vertcoin community now. What you paid to get in, well that's your business. But I can assure you, this is a community you will be very glad to be a part of in 3 months time, when many other alt coins are dying by the side of the road and Vertcoin mobile is trucking along, it's future mathematically certain.
Vertcoin is the simplest solution to a complex problem: the mining ecosystem doesn't really resemble the one that Nakamoto envisioned, and built his contraption around. This is a small, but crucial, refinement of Litecoin - which was itself a small, but crucial refinement of Bitcoin.
Some Vertcoin clones add in extra layers, hoping to attract investors. When the problem is fixed, you don't need extra layers, and those extra layers actually present dangers we can't fully perceive today, because mechanical failure is hard to predict in advance (we only know the likelihood of failure increases as we increase the number of parts involved).
The Apollo 1 spacecraft during a routine test resulted in all crew members dying. They couldn't get out of the capsule in time, because the spacecraft door was complex, and took more than 90 seconds to open. After that tragedy, NASA made their doors easier to evacuate from. And they stopped using high-% oxygen air mixtures in human cabins.
I am increasingly certain Bitcoin is Apollo 1, from its price watching and troll ridden community to its shaky regulatory approach and PR problems. Vertcoin can see those disasters for what they are, learn from them, and not make the same mistake.
Our algorithm is superior, our community is superior, the devs are the cream of the crypto crop, and there aren't many bag holders since the coin was distributed pretty fairly amongst miners and investors and continues to be so.. one of the many benefits of being with a coin that exercised the discipline of not pre-mining at all.
submitted by CryptoDonDraper to vertcoin [link] [comments]

[Table] IAmA: We made BET RAISE FOLD, a documentary about the boom and bust of online poker in the USA - ASK US ANYTHING!

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Date: 2013-12-09
Link to submission (Has self-text)
Questions Answers
Do you think online poker will go through another boom when it is fully reintegrated in the United States? What is the biggest way that most online poker pros have maintained their way of living post Black Friday? Do you have any other docs in the works? I really enjoyed Bet Raise Fold. I think it would be v hard for it to "boom" (like explode out of nowhere like it did in the 2000s) again, but it will surely grow, and I'm optimistic that it will grow to be an even larger industry than before (over the long run, could take a decade or more). like Yoda says, "hard to see, the future is." totally applies to the future of online poker - there are so many known and unknown variables at play at all times.
How much of 2M2MM was staged? It was a very entertaining show to watch.. any chances for another season? Hmm, hard to say. all reality TV is staged to some degree. from what I understand/gleaned from the production team working on the show (they were all vets of the reality TV world, worked on shows like Amazing Race and Ghost Hunters), 2M2MM trended much closer to the documentary side of reality tv than most. that said, I often compare the experience of 2M2MM like being an actor playing myself - and I think everyone who participated would prob agree w that. the plots of each episode were set up in advance (though we'd argue vigorously with the prodco to make sure if anything was "set up for the show" it'd be something we normally might do in real life). the most staged stuff would be like the house wars vs aejones/luckychewy (situation set up for the show), or aspects of the Benyamine match (Erica Schoenberg is at the pool specifically for our scene, it's not a chance encounter), or Dani and Chewy hunting for girls for the Connect 4 Charity episode. the completely real stuff is all the poker action - our bankrolls and emotions on full display for the world!
The Tilt Room was set up for the show, too - maybe my greatest invention all time. smashing watermelons with a sledgehammer is an awesome way to de-tilt (but very wasteful!!! smashing pottery - more responsible way to fill your tilt room, ppl)
Did you guys ever wake up Emil? On 2M2MM, the production team famously had to break down two doors of his (he won the master bedroom and it was so ballin it had two doors he could lock to keep people out) to wake him up for a shoot towards the end of filming.
We did wake him up, and he had a piece of that action - so it was a more pleasant awakening than the times we'd prank wake him by telling him all the pizzerias in NY were on strike or the house was on fire.
Actually, did Viffer ever find out about his pot bet bluffing tell? I heard he went into lockdown and wouldn't come out until he had fixed it :)
Who would be in your team of poker player super heroes and who would their x-men or avengers counter parts be? Maybe best question anyone has ever asked.
Ashton Griffin - Wolverine.
Ben "Sauce" Sulsky - Beast.
Ziigmund - Thor.
Dani Stern - The Incredible Hulk.
Vanessa Selbst - Jean Grey.
Aaron "aejones" Jones - Iron Man.
Jennifer Harman - Storm.
Erik Seidel - Captain America.
Chris Ferguson - Gambit.
Not a superhero but Howard Lederer is totally Kingpin. (actually, Kingpin might have to be Ivey...)
ROSENKRANTZ - Do you still play poker as a main source of income? When you do play do you play online outside of the US or live? Nope - i actually don't play much poker at all, outside of WSOP. i'll play in home games now and then but it's mostly a social thing. was thinking about making an extended trip to Montreal to visit Martin, hear him play music and grind online next year... i miss playing online poker a TON. what's more fun than stacking n00bs with AA.
Check-raising stupid fucking tourists? Stacks and towers of checks I can't even see over!!!
Do you think that you could persuade the Alamo Drafthouse in Denver to have a showing? If these three screenings (Yonkers, Austin, KC) are profitable for them, or I can show them we have a strong group of people in Denver who'd come out, it's a possibility...
Yo Krantz, where is the information on the one in Yonkers? I live in Queens would love to go and show my support. Oh man, thanks for the support - it happened last week though :/
How often do you play live/online (hours per week/month or whatever)? What stakes? Also, you guys toss money around like toilet paper. Send me a couple grand so i can make a tilt/lockdown room and go pro. Thanks, man! If you surf through some of the other posts in this thread you can read some more, but since Black Friday I don't play much poker live or online. If there were legal online poker in my state right now, I'd probably dabble in small and mid stakes and try to build up a bankroll playing NLHE/PLO cash (shorthanded and heads up) and the occasional tournament!
2M2MM was in 2009, 4+ years later and all that toilet paper is more valuable to everybody :)
With your experience in documentary and financing, can you get "I BET YOU" tv series back in production? phil laak craziness needs to be serialized. If I ever run into him, I will plant the seed. should have run 6 seasons and a movie.
Do you think bitcoin will change the future of online gambling? I'm still trying to wrap my head around bitcoin... i have these handy videos bookmarked to watch as soon as i get some free time! Link to www.khanacademy.org
Link to www.youtube.com
Do you see the games remaining as reg-infested and hard as they are now? Is there a point where everything about NLHE is basically known and therefore the skill level of most pros will be capped? Not if the sites figure out how to bring in more casual players - a priority for their businesses as the US market legalizes and the global market matures. Hard to say what the games could look like in 5 years... I think there will be fewer pros/regs. Also think NLHE will always be the most popular game even though basic strategy is pretty well known to anyone who wants to put in the time.
Hi, Jay. Great movie, really enjoyed it. Thanks! My plans are really to throw myself into writing and producing with the same focus and intensity that I gave to poker during my early 20s. I'd like to write and publish some books (fiction, nonfiction, poker, nonpoker), write and produce more movies, TV, games... I'm inspired by artists like Joss Whedon, Ray Bradbury, Hayao Miyazaki, Bill Watterson... entrepreneurs like Tim League, Burnie Burns and Felicia Day and the folks at VHX and Pixar and Valve... Basically, I want to build a career in popular entertainment, telling smart, resonant stories to larger and larger audiences. And I want to work with the best people I can while I do this.
What are your plans for the next 1-5 years? I also plan to win the WSOP Main Event, but that could take 6-7 years because you gotta get lucky!
Are you still friends with the cast from 2M2MM and do you and any of them still rent a house in Vegas for the summer? We are great friends! I actually lived with Emil and Brian in a house this summer while I was out at the WSOP premiering BRF. We worked out a ton (Brian is REALLY into Olympic weightlifting these days) and watched lots of movies. There was a movie theater room in the house and those guys have eclectic wide ranging tastes in film so it was really fun. One of our favorites was this Norwegian crime thrilleblack comedy called Headhunters: Link to www.imdb.com
Also I was one of the many backers on Kickstarter for BRF. How tedious was it putting everyone's name in the credits? Dani, Brian and Emil lived together in Toronto for awhile post Black Friday but now Dani has a serious girlfriend, a dog and a cat and they're all living in different countries (well, Dani and Brian live near each other in Mexico but Emil's in Finland)
As poker players, do you feel like you've lost an appreciation for money? Who do you think is the most overrated poker player nowadays? I definitely lost any conception of the value of the dollar during the height of the online poker boom. Post Black Friday, 3 years later, I feel like I have a much healthier and more reasonable relationship with money. I think any serious poker player has to divorce himself from the value of money in order to risk it with complete and utter disregard for anything but the expected value of the play. If I had to answer the overrated question... I'd say wcrider (sp?) is overrated. Not skill wise - I have no idea how good or bad he is objectively - but I've read a few of his forum posts on 2p2 and he is clearly young with a huge ego, and you just can't be the best in the world with an ego the size of an elephant (though it can give you some huge competitive advantages). But see how subjective a question like this is? For the most part the idea of underrated or overrated players is worthless, variance is a way bigger factor than anyone understands... the only person who can truly and accurately "rate" a poker player's skill is the player themselves!
Will there be any new videos on TheMicros? I so hope so. The major problem for us is the economics... the cost of animating those episodes is pretty big in terms of money and time. The sponsorship model worked great pre-Black Friday, but post Black Friday and the market for an animated poker show is completely different. John and I have thought about Kickstarting it, but I'm not confident we could raise enough money to do it the way we'd want to (if we come back, we want to come back full throttle, with regularly scheduled content and season long storylines... we don't want to just put up an episode or two here or there). There are a few options I've been thinking about, but they're just ideas at this point.
There's a big possibility we'll come back soon with regular comics, though. You can check out some examples of what these would look like on our Facebook page (there's a photo gallery of the ~12 comics we've done so far): Link to www.facebook.com
Hey all, what are your thoughts on regulated poker, putting Delaware politely to one side, is there half a chance of it being successful in New Jersey, without interstate compacts? By successful, I probably mean will we see guy n girls like you in that state playing for a living? Will there be the liquidity to sustain a more than a handful of full timers? I think it will be successful but it will not explode overnight, it will take time and nurturing like any good crop... growing the igaming business in NJ, the companies' priorities are not necessarily directly in line with catering to guys/gals like us who want to play for a living. So I don't think you'll see many full timers playing exclusively on NJ sites. See Joe Tall's post in this thread for more insight into this, it's pretty good!
Probably too late but I'll give it a shot anyway. I tried to/try to study and it felt like pulling teeth. I became interested in applications of game theory for a few months and the challenge of reeducating myself in basic maths was interesting... but even then I didn't feel as energized or excited about thinking about poker as I did when I was able to play and compete consistently. I decided recently that I'd just take a break until I was able to play consistently again (I have been thinking about a trip to NJ or out of the country to grind for a bit, but it's just an idea right now).
Any words of advice here? I'm tired so this is kind of rambly and I'm just talking some of this out loud for the first time, but I hope this helps a bit. Post Black Friday I've done a lot of reevaluating my relationship with poker and the expectations I have of it and it's done a lot to reverse feelings of anger, sadness and frustration at the US situation (and at the game in general).
What was the biggest thing you guys have bet on beside poker? Games of NFL Blitz, trick pool shots, what LuckyChewy thinks the distance from the Earth to the sun is, whether [name redacted] can get those strippers to come ride the inflatable dolphin, oveunder of how long they can ride it for before falling in pool... countless thousands have been won and lost on these diabolical problems.
off, great movie! It was well worth the wait. My question is this, what is the craziest, most extravagant thing you purchased with your poker winnings? Thank you! whitelime reminds me of a night in NYC at a club called Arena (who knows if this place still exists), where we went heads up against NYG running back Brandon Jacobs in a bottle-buying war. the bottles came equipped with sexy bottle babes and sparklers. we lost the bottle war to BJ (in hindsight i think we lost the battle, too - huuuge tab)
I want to first thank you for establishing an amazing training site in DC. It has helped my game immensely. For the questions: would you consider yourself more of a filmmaker or poker player at this point? In a podcast slowhabit noted poker helped his entrepeneurship immensely and vice versa. Do you see any similar parallels b/t poker and film-making? Thanks! I'll always consider myself a poker player, but in terms of profession I suppose I'm trending towards the filmmaker side of the coin. But all of the creative work I do will be influenced by the unique way I see the world - a viewpoint heavily influenced by poker. It's an insanely beautiful game: a complex blend of strategy, tactics and human emotion. Being a poker player isn't a profession to me, it's something I can't help... at this point it's part of the fabric of my identity.
I don't think we would have ended up with a movie this good (or maybe not a movie at all!) if Taylor and I didn't bring our backgrounds in poker and entrepreneurship to bear to make as many +EV decisions as we possibly could over the entirety of the project. In a lot of ways filmmaking is an entrepreneurial pursuit, in a lot of ways producing a movie is like multitabling high stakes online poker. You're juggling tons of variables, managing human relationships, analyzing risk, making high pressure decisions...
I talk a lot about this stuff in this podcast with Jared Tendler: Link to www.mentalgamefish.com
I really enjoyed the movie and showed it to my family. But their reaction across the board was: "But they only portray people who win in the game!". What do you think of this reaction? Isn't portraying mostly the pros or winning player missing a big slice of what online poker is. We were originally interested in finding a losing player... posting what Ryan posted earlier about this: "Yes, we were planning to follow someone exactly like that. However, we found it more challenging than we expected to find a compelling, losing player who was willing to go on camera. For example, I spoke briefly with grimstarr (online poker veterans will know who this is) about appearing in the film, but there were too many complications involved." After Black Friday it became pretty much impossible for us to add another character, winner or loser. We also felt like the downsides of poker had already been given a lot of treatment in the cultural representation of the game... but nothing had been done to authentically show the lives of modern professional poker players during the poker boom. Still, we did have many conversations about the losers, about the pros who are staked, etc... what we should or could convey about that aspect of the game... ultimately we decided we needed to stick to our core characters (especially after Black Friday) and their experiences. We did make an effort to explore the psychological consequences of losing as a professional, and the risks that you take on when you do play this game for a living... hopefully that sequence in the last third of the film can show that even the winners are losers, and they lose often! Basically, a lot of the energy for this project's conception was to showcase what it was like to be an online pro player, and dispel misconceptions that the public has about poker and online poker. To show the injustice done to the industry as a result of the UIGEA... to show what caused the boom... historical events like this, put into context in a digestible way. That was the driving motivation in making the film and selecting Danielle, Tony and Martin - and after Black Friday, their stories were all that mattered to this particular film. Hope this sheds some light on our thinking.
Hey Krantz! Play tons of poker, think about it with a truly open mind and engage in critical discussion of poker with tons of players of all skill levels. Tenacity and fearlessness are your words to live by (and maybe "breathe," for when you're tilting).
What advice would you have for an online player from the us that plays on bovada to move up the stakes. Currently grinding double-up sit n gos and crushing ? I really love this post about training and practice. If you want to move up and become better, work hard and work smart: Link to forumserver.twoplustwo.com
Jay, I asked you on twitter during the months leading up to the release about selling autographed pictures of some online pros in the movie on kickstarter to raise money. You replied saying it was a good idea and you'd look into it. I was thrilled, but become really bummed when I saw that the signed movie poster costs $200. I wish I could afford it, but I just can't. I graduate from university in a week and still don't have a job offer, so this is above my price range. Since you have 18/20 left, is there a chance of a price drop for them in the future? We actually only managed to get about 5-7 signed posters total and ran out! but email me your info at [email protected] and i will see if we can find some way to get you something cool! (i remember your tweets!)
In the home game you had on 2m2mm, did Andrew robl ever tell you what his other card was? He showed you a jack he hit on the river.. He didn't - I tried to get it out of him, but he wouldn't say. based on what I know of him i'm 95% sure it was a good fold (5% he made a sick bluff and is so buddha he doesn't need to brag or show it on TV)
I loved BRF by the way and my dad liked it too. It helped him understand "my world" a little better. You gotta learn the language of filmmaking, and you gotta experiment (in poker terms, you can't just study - you hafta play hands!). So try to make a little short documentary about something (this is what we did - FROM BUSTO TO ROBUSTO ended up being essential practice in learning to make something as big as BRF) and take it all the way through from preproduction to marketing and distribution, even if it's just on the tiniest scale.
I'm sure you learned so much throughout the course of making the film, so if you could go back to give yourself advice from when you just started BRF, what would you say? Thanks! It's awesome to hear about friends/family enjoying the movie. I'm heading out to host this theatrical screening in Austin but I will get back to you on your question tonight. OK, I'm back. I'm glad you love FCH because my first bit of advice is to read the ebook he just released: Link to www.amazon.com
I am curious on roughly how sales are going? How did you choose how to distribute the film. Really enjoyed the film. Direct sales through VHX were great. Not tens of thousands of people but very strong for an independent documentary. The decision to distribute the film through a combination of Kickstarter, VHX and Tugg (skipping film festivals in favor of debuting at the 2013 World Series of Poker) was made mostly as a result of talking to other filmmakers, studying the success of Indie Game: The Movie (Link to www.indiegamethemovie.com and reading Think Outside the Box Office (Link to www.amazon.com)
If we could go back and do it again I don't think we would have done much differently. The biggest change I'd have made to our strategy would have been to organize a ~6 city Tugg tour of the film to build hype before the online release, and to incorporate Kickstarter earlier in the production (it would have been really fun and cathartic to share the ups and downs of the whole production process with backers!)
Just rewatched 2M2MM a few weeks back...LOL at Jay's roller skating penalty stunt. Question about the doc...how did you decide on profiling Dunst, Alexei and Danielle? Who else was a finalist to be featured? Still got those roller skates!
Why does ansky keep knocking me out of ftops!! Pretty sure this stems from his anger issues. see 2M2MM Mach 5 snap call argument for evidence. he HULKS out when he sees your SN and smashes your soul!
Not so much a question as an obvious point. Loved the film, loved being a part of it and helping out. I really don't have anything else. If anyone here hasn't seen the film yet, do so asap. It really is an incredible piece of work. Love you too, bro! and not just because you're also named Jay. it's because the goddamn FORCE IS WITH YOU.
Given that Jay's poker training site, "Deuces Cracked" ( Link to www.deucescracked.co ), actually make Duck merchandise ( Link to img651.imageshack.us ), and your username is PERSIANDUCK i think you guys should form the first poker supergroup and call yourselves "THE MIGHTY DUCKS". Those ducks are collectors items!!!
I assume this question was targeted at Jay or Tony/Danielle/Martin, but the most extravagant thing I ever purchased was an $800 couch. Still had the wrapper on it and everything. Where'd you get $800?
Jay,The Texas Legislator will go back in to session in Jan of 2015. I expect that there will be hearing for both live and online poker. Since your living in the Austin would you be willing to testify at the State Capitol in Austin in front of the Texas State Legislator to help bring poker to Texas. I love comedy but have 0 appetite for politics. I don't believe I could say anything that would be more helpful than what we've said in making Bet Raise Fold, and I don't believe that anything but money will help bring poker to Texas :)
Very tedious, but well well worth it. Thanks so much for supporting the project! Yes, huge thank you for backing us!
Krantz, in a deucescracked video where you commentated with ariel about his match against tie53, bit of a famous hand. Q67hh-Tss, Tie53 check raises a committing size on the turn. we fold Q6. Do you still think this was a close fold with Q6 or do you appreciate now that it was probably wrong. Don't recall the specifics of that hand but I think past Jay/past Ariel were probably right and no one, not even me from the future, would know better than them :)
Last updated: 2013-12-13 16:03 UTC
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How Bitcoin and Ethereum Prices Escape FUD  Mad Max ... OH MY!!! THIS CRAZY BITCOIN CHART PREDICTS THE PRICE LIKE ... Bitcoin Hasn't Done THIS In 6+ Months! (Uhh OHH!) January 2020 Price Prediction & News Analysis WOW!! HERES WHATS NEXT! Bitcoin & Chainlink Price ... Uh Oh! Bitcoin Price Dropping as Major Central Bank DROPS ...

Oh Crop. Genre: runner Platform: iOS, Android Payment Methods: bitcoin. What about gathering a crop of evil plants? It is exactly the thing offered by Oh Crop game. The game was developed by Loud Panda Interactive company. The main goal of players is to survive as long as possible killing poisonous plants and gathering tokens and power-ups. The movement of the main character is performed using ... Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800, he said in a note Thursday. His explanation ... In the last few weeks, Bitcoin has once again become the center of attention in mainstream media. After breaking a 3-year-long resistance on August 2nd, the popular cryptocurrency quickly reached a local peak of $12,030. Moments after that, however, investors started selling off, and the price stabilized around $11.5k. These recent events have ... Bitcoin has been the talk of the town in terms of cryptocurrency this year [2017]. Before, if you approached a stranger and asked if they knew what cryptocurrency was, you would get either a blank… Aktien, Kurse, Wertpapiere - schnell und aktuell: Ob Dax Chart oder die Tops/Flops aus EuroStoxx und Dow Jones - mit boerse.ARD.de sind Sie informiert.

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How Bitcoin and Ethereum Prices Escape FUD Mad Max ...

Collab with DavinciJ15 & MMcrypto! Davinci is selling his house to buy Bitcoin! MMCrypto: https://www.youtube.com/channel/UCBkGMys0mYl3Myxh3CTsASA Davincij15... Here we go! Bitcoin's price is free falling at the moment amid global economic panic in traditional finance. Listen to how the NY Fed and the European Centra... Bitcoin & LINK Price Prediction, Targets, Analysis and more. 👏 THUMBS UP & SUBSCRIBE NOW 🤑! 🔔Want to join a successful community of traders ... While the India cryptocurrency industry has won a court battle over a central bank ban on banking access, the war may not yet be over.. 👍 Follow us on Twitte... The market got pummeled in January. This is in large part do to Fear Uncertainty and Doubt, or FUD. Whether it is Bans or big names bashing bitcoin, it is se...

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