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Ethereum is positioned to be the next Facebook

Ethereum is the app store for blockchain.

Alex Christoforou

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With the entire world talking about Bitcoin, Ethereum is a rising blockchain platform poised to revolutionize how business transactions are conducted.

Ethereum can best be described as the app store for blockchain. It’s a big idea, that will change just about everything in the business universe.

Kenneth Tan via Hackernoon.com…

2017 has been an amazing year for Ethereum. Prices has hit an all time high of $800, and it is now the processing nearly double the number of transactions of bitcoin at a million a day.

As we enter 2018, I think Ethereum will be the next Facebook due to the massive amount of use cases that i am finding in major industries that benefit greatly from decentralization & transparency.

Ethereum is basically the app store for blockchain. It allows creators to build and run apps without having to worry about the underlying “operating” system just like Apple.

Here are some of the areas to look out for:

Fundraising and ICOs

ICOs are the largest real world use case for ethereum. Traditionally, to fund your idea, you would have to borrow money from a bank, give up a lot of equity to a VC, or get an expensive loan from people lending sites. Basically, ICOs is a kickstarter on steroids.

As the founder of fundyourselfnow.com, I have worked with entrepreneurs all over the world on their product to get it ready for their ICOs. Many come from developing nations such as Indonesia (EagleCoin) and India (WandX) where it would have been extremely hard to raise significant funding for their idea due to lack of local investors.

ICOs are democratizing funding and spawning the next wave of innovation from young hungry entrepreneurs all over the world who will eventually contribute back to their local communities for a better future.

Payments & Lending

Currently, the crypto-currencies are quite hard to spend. Crypto credit card companies such as TenX, Monaco, Tokencard are stepping in to fill in the gap. All of them are built on the ethereum network. I personally hold a TenX Card and have used it to spend on daily goods and services using bitcoin.

Monaco in particular, has gotten official approval from VISA to issue cards to Singapore residents. Expect to see a huge increase in actual cryptocurrency spending & adoption 2018 as many of these crypto-card companies get official approval from VISA or MasterCard.

There has also been a rise of ethereum based lending solutions, such as SALTlending and ETHLend. The interest rates are expected to be fairer than getting from a bank, and people globally can gain access to financing even without a bank account.

I expect that 2018 will be the year where we will help lot of the unbanked get included in this new digital world.

Gambling

The gambling industry is ripe for disruption. 2017 started off with a very simple dice game, etheroll. You send ether to a smart contract and winnings are sent to you in a matter of minutes. Etheroll has over 260,000 ethers wagered so far (Around 2000m USD), which is incredible considering how simple and basic the game is.

Keep an eye out on Edgeless and Funfair in 2018 as one of them could potentially grow to become the largest online global casino. They have significant advantages over traditional real world casinos:

  1. There is no capital controls
  2. Anonymous, money doesn’t flow through the banking system
  3. Trustless smart contract to process payouts and ensure fairness of game.

Gaming

The virtual nature of gaming lends itself incredibly well for the blockchain. Many successful gaming companies have started to include tokens in their games/product to fund their gaming ecosystem.

Here are some of the interesting ways tokens are used (not exhaustive):

Decentraland — Buy Land in their virtual world. Virtual worlds has been around since 2003 with Second Life and Ethereum might be the fuel that makes it finally takes off

Engin Coin — Used to create virtual goods that people that can on their marketplace. Instead of using “gold” in most games, expect games in 2018 to require you to use their own Ethereum game token to make & trade items.

CryptoKitties — Tokens represents a digital cat in the blockchain. Over 17m worth of cats were transacted since they launched early Dec , with the most expensive cat sold for more than 100k USD.

What more interesting is that with the use of Ethereum tokens for games, this could potentially mean that you could eventually trade items across games. For example, you can trade an Enjin Coin Item for land in decentraland through decentralized exchanges using the ENJ/MANA trade pair. Virtual worlds economies which are currently “silo-ed” could potentially change with the ability to “trade” across worlds.

Final Words

I see the money flowing into Ethereum and the overall cryptocurrency market as a positive. The technology underpinning Ethereum has a lot of real world usage that has yet to be unlocked and money is being funneled into innovative ethereum projects via ICOs at an incredible rate.

Mark Zuckerburg started facebook at the young age of 20 about 13 years ago, and it has completed changed the way we interact with our friends and family.

Vitalik, founder of Ethereum, started Ethereum also at the young age of 20 too about 3 years ago. I strongly believe that within the next 10 years, Ethereum will radically change the we interact with our world.

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America’s wars are against American’s interests

War is a racket

Richard Galustian

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To advocate wars are good is insane!

For one, Afghanistan is about a ridiculously flawed US government foreign policy. it is not about ‘winning’ a war as Erik Prince describes in his video.

There is no reason for the US to be in Afghanistan.

Something Mr. Prince seems to fail to understand the reader can judge by watching Prince’s presentation promoting war.

That said, what Erik Prince explains about the military industrial complex is correct. Weapons purchases must be curtailed.

However more importantly, what he fails to say is America must stop its ‘’regime change policy’ and avoid future wars, is the real issue.

To provoke war for example with Russia or China is absolute insanity producing eventually only nuclear armageddon, the consequence is the destruction of the planet.

Trillions of dollars should not be spent (and wasted) by the Pentagon but that money should be used to build America’s roads; expand railways; build hospitals and schools, etc.

Especially also to pay much needed disability benefits to disabled vets who wasted their lives in past pointless wars from Korea to Vietnam to Iraq et al. Americans soldiers need to ‘go home’.

Withdrawing its unnecessary US bases worldwide; a left over outdated idea from the end of WW11, such as America’s military presence in Korea, Japan, Germany; the Persian Gulf, even in the UK.

Foreign military interventions are adventures pursued by ‘elites’ interests, ‘using’ NATO in most cases, as its tool, only for their (the elites) profit at the expense of ordinary people.

“War is a Racket” to quote the much decorated hero and patriot, US Marine, Major General Smedley Butler.

We can learn from history to understand America’s current predicament.

Brown Brothers Harriman in New York in the 1930s financed Hitler and Mussolini right up to the day war was declared by Roosevelt following the attack on Pearl Harbour.

A little taught fact in America’s colleges and ivy league universities is that Wall Street bankers (with a degree of assistance from the Bush family by the way) at the time had decided that a fascist dictatorship in the United States would be far better for their business interests than Roosevelt’s “new deal” which threatened massive wealth re-distribution to recapitalize the working and middle class of America and build America’s infrastructure.

So the Wall Street bankers recruited the much respected General Smedley Butler to lead an overthrow of the us government and install a “Secretary of General Affairs” who would be answerable to Wall Street, not the people; who would crush social unrest and shut down all labour unions. however General Smedley Butler only pretended to go along with the scheme, then exposed the plot. The General played the traitors along to gather evidence for congress and the president. When Roosevelt learned of the planned coup, he initially demanded the arrest of the plotters but this never happened because Roosevelt was in effect blackmailed by those same US bankers; another story!

Read the words of Major General Smedley Butler who explains what exactly happened.

“I spent 33 years and four months in active military service as a member of our country’s most agile military force — the Marine Corps. I served in all commissioned ranks from second lieutenant to major general. and during that period I spent more of my time being a high-class muscle man for big business, for wall street and for the bankers. In short, I was a racketeer, a gangster for capitalism. “I suspected I was just a part of a racket at the time. now I am sure of it. Like all members of the military profession, I never had an original thought until I left the service. my mental faculties remained in suspended animation while I obeyed the orders of the higher-ups. This is typical with everyone in the military service. Thus I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the national city bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of wall street. the record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-12. I brought light to the Dominican Republic for American sugar interests in 1916. In China in 1927 I helped see to it that the standard oil went its way unmolested. During those years, I had, as the boys in the back room would say, a swell racket. I was rewarded with honors, medals and promotion. Looking back on it, I feel I might have given Al Capone a few hints. the best he could do was to operate his racket in three city districts. I operated on three continents.” —

General Smedley Butler, former US Marine Corps Commandant, 1935.

We need peace not wars.

We need infrastructure building in America and Europe……not wars.

Somebody should explain this to Mr. Prince, and perhaps to his sister too…..who happens to be part of President Trump’s administration!

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Theresa May goes to Brussels and comes back with a big fat donut (Video)

The Duran Quick Take: Episode 39.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a quick look at Theresa May’s trip to Brussels to try and win some concessions from EU oligarchs, only to get completely rebuked and ridiculed, leaving EU headquarters with nothing but a four page document essentially telling the UK to get its act together or face a hard Brexit.

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Via Zerohedge


Any confidence boost that might have followed Theresa May’s triumph this week over her party’s implacable Brexiteers has probably already faded. Because if there was anything to be learned from the stunning rebuke delivered to the prime minister by EU leaders on Thursday, it’s that the prime minister is looking more stuck than ever.

This was evidenced by the frosty confrontation between the imperturbable May and her chief Continental antagonist, European Commission President Jean Claude Juncker, which was caught on film on Friday shortly before the close of a two-day European Council summit that descended into bitter recriminations. After offering token praise of May’s leadership, Brussels’ supreme bureaucrat criticized her negotiating strategy as “disorganized”, provoking a heated response from May.

Earlier, May desperately pleaded with her European colleagues – who had adamantly insisted that the text of the withdrawal agreement would not be altered – to grant her “legally binding assurances” May believes would make the Brexit plan palatable enough to win a slim victory in the Commons.

If there were any lingering doubts about the EU’s position, they were swiftly dispelled by a striking gesture of contempt for May: Demonstrating the Continent’s indifference to her plight, the final text of the summit’s conclusions was altered to remove a suggestion that the EU consider what further assurances can be offered to May, while leaving in a resolution to continue contingency planning for a no-deal Brexit.

Even the Irish, who in the recent past have been sympathetic to their neighbors’ plight (in part due to fears about a resurgence of insurrectionary violence should a hard border re-emerge between Northern Ireland and the Republic of Ireland), implied that there patience had reached its breaking point.

Here’s the FT:

But Leo Varadkar, the Irish premier, warned that the EU could not tolerate a treaty approval process where a country “comes back every couple of weeks following discussions with their parliament looking for something extra…you can’t operate international relations on this basis.”

Senior EU officials are resisting further negotiations — and suggestions of a special Brexit summit next month — because they see Britain’s requests as in effect a bid to rewrite the exit treaty.

Mr Varadkar noted that many prime ministers had been called to Brussels “at short notice” for a special Brexit summit “on a Sunday in November,” adding: “I don’t think they would be willing to come to Brussels again unless we really have to.”

In response, May threatened to hold a vote on the Brexit plan before Christmas, which would almost certainly result in its defeat, scrapping the fruits of more than a year of contentious negotiations.

Given that Mrs May aborted a Commons vote on her deal this week because she feared defeat by a “significant margin,” her comments amounted to a threat that she would let MPs kill the withdrawal agreement before Christmas.

Mrs May made the threat to German chancellor Angela Merkel, French president Emmanuel Macron and EU presidents Jean-Claude Juncker and Donald Tusk as the two day Brussels summit descended into acrimony, according to diplomats.

“At the point where there is no prospect of getting anything more from the EU, that’s when you would have to put the vote,” said one close aide to Mrs May.

If this week has taught May anything, it’s that her plan to pressure the EU into more concessions (her preferred option to help her pass the Brexit plan) was an unmitigated failure. And given that running out the clock and hoping that MPs come around at the last minute (when the options truly have been reduced to ‘deal’ or ‘no deal’) leaves too much room for market-rattling uncertainty, May is left with a few options, two of which were previously ‘off the table’ (though she has distanced herself from those positions in recent weeks).

They are: Calling a second referendum, delaying a Brexit vote, pivoting to a softer ‘Plan B’ Brexit, or accepting a ‘no deal’ Brexit. As the BBC reminds us, May is obliged by law to put her deal to a vote by Jan. 21, or go to Parliament with a Plan B.

If May does decide to run down the clock, she will have two last-minute options:

On the one hand she could somehow cancel, delay, soften or hold another referendum on Brexit and risk alienating the 17.4 million people who voted Leave.

But on the other hand, she could go for a so-called Hard Brexit (where few of the existing ties between the UK and the EU are retained) and risk causing untold damage to the UK’s economy and standing in the world for years to come.

Alternatively, May could accept the fact that convincing the Brexiteers is a lost cause, and try to rally support among Labour MPs for a ‘softer’ Brexit plan, one that would more countenance closer ties with the EU during the transition, and ultimately set the stage for a closer relationship that could see the UK remain part of the customs union and single market. Conservatives are also increasingly pushing for a ‘Plan B’ deal that would effectively set the terms for a Norway- or Canada-style trade deal (and this strategy isn’t without risk, as any deal accepted by Parliament would still require approval from the EU).

But as JP Morgan and Deutsche Bank anticipated last week, a second referendum (which supporters have nicknamed a “People’s Vote”) is becoming increasingly popular, even among MPs who supported the ‘Leave’ campaign, according to Bloomberg.

It’s not the only previously unthinkable idea that May has talked about this week. Fighting off a challenge to her leadership from pro-Brexit Conservative members of Parliament, the premier warned that deposing her would mean delaying Britain’s departure from the European Union. That’s not something she admitted was possible last month.

The argument for a second referendum advanced by one minister was simple: If nothing can get through Parliament — and it looks like nothing can — the question needs to go back to voters.

While campaigners for a second vote have mostly been those who want to reverse the result of the last one and keep Britain inside the EU, that’s not the reason a lot of new supporters are coming round to the idea.

One Cabinet minister said this week he wanted a second referendum on the table to make clear to Brexit supporters in the Conservative Party that the alternative to May’s deal is no Brexit at all.

Even former UKIP leader Nigel Farage is urging his supporters to be ready for a second referendum:

Speaking at rally in London, Press Association quoted Farage as saying: “My message folks tonight is as much as I don’t want a second referendum it would be wrong of us on a Leave Means Leave platform not to get ready, not to be prepared for a worst-case scenario.”

Putting pressure on Brexiteers is also the reason there’s more talk of delaying the U.K.’s departure. At the moment, many Brexit-backers are talking openly about running down the clock to March so they can get the hard Brexit they want. Extending the process — which is easier than many appreciate — takes that strategy off the table.

Labour leader Jeremy Corbyn has continued to call for May to put her deal to a vote principally because its defeat is a necessary precursor for another referendum (or a no-confidence vote pushed by an alliance between Labour, and some combination of rebel Tories, the SNP and the DUP).

“The last 24 hours have shown that Theresa May’s Brexit deal is dead in the water,” said Labour leader Jeremy Corbyn. “She’s failed to deliver any meaningful changes. Rather than ploughing ahead and recklessly running down the clock, she needs to put her deal to a vote next week so Parliament can take back control.”

The upshot is that the Brexit trainwreck, which has been stuck at an impasse for months, could finally see some meaningful movement in the coming weeks. Which means its a good time to bring back this handy chart illustrating the many different outcomes that could arise:

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Ukraine’s President Says “High” Threat Of Russian Invasion, Urges NATO Entry In Next 5 Years

Poroshenko is trying desperately to hold on to power, even if it means provoking Russia.

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Via Zerohedge


Perhaps still seeking to justify imposing martial law over broad swathes of his country, and attempting to keep international pressure and media focus on a narrative of “Russian aggression,” Ukrainian President Petro Poroshenko denounced what he called the high “threat of Russian invasion” during a press conference on Sunday, according to Bloomberg.

Though what some analysts expected would be a rapid flair up of tit-for-tat incidents following the late November Kerch Strait seizure of three Ukrainian vessels and their crew by the Russian Navy has gone somewhat quiet, with no further major incident to follow, Poroshenko has continued to signal to the West that Russia could invade at any moment.

“The lion’s share of Russian troops remain” along the Russian border with Ukraine, Poroshenko told journalists at a press conference in the capital, Kiev. “Unfortunately, less than 10 percent were withdrawn,” he said, and added: “As of now, the threat of Russian troops invading remains. We have to be ready for this, we won’t allow a repeat of 2014.”

Poroshenko, who declared martial law on Nov. 26, citing at the time possible imminent “full-scale war with Russia” and Russian tank and troop build-up, on Sunday noted that he will end martial law on Dec. 26 and the temporarily suspended presidential campaign will kick off should there be no Russian invasion. He also previously banned all Russian males ages 16-60 from entering Ukraine as part of implementation of 30 days of martial law over ten provinces, though it’s unclear if this policy will be rescinded.

During his remarks, the Ukrainian president said his country should push to join NATO and the EU within the next five years, per Bloomberg:

While declining to announce whether he will seek a second term in the office, Poroshenko said that Ukraine should achieve peace, overcome the consequences of its economic crisis and to meet criteria to join the EU and the North Atlantic Treaty Organization during next five years.

But concerning both his retaining power and his ongoing “threat exaggeration” — there’s even widespread domestic acknowledgement that the two are clearly linked.

According to The Globe and Mail:

While Mr. Poroshenko’s domestic rivals accuse him of exaggerating the threat in order to boost his own flagging political fortunes — polls suggest Mr. Poroshenko is on track to lose his job in a March election — military experts say there are reasons to take the Ukrainian president’s warning seriously.

As we observed previously, while European officials have urged both sides to exercise restraint, the incident shows just how easily Russia and the West could be drawn into a military conflict over Ukraine.

Certainly Poroshenko’s words appear designed to telegraph just such an outcome, which would keep him in power as a war-time president, hasten more and massive western military support and aid, and quicken his country’s entry into NATO — the latter which is already treating Ukraine as a de facto strategic outpost.

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