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Category: bitcoin – Page 39

Today, I was co-host of an online cryptocurrency symposium—taking questions from hundreds of visitors. A common question goes something like this:

Can Bitcoin be used in person—or
is it just for internet commerce?

Our panel had a moderator, and also an off-screen video director. As I cleared my throat in preparation to offer a response, a voice in my ear reminded me that it was not my turn. The director explained that another panelist would reply. It was a highly regarded analyst and educator in Australia. Realizing that that she was calling the shots, I deferred.

I was shocked as I listened to a far off colleague suggest that Bitcoin is not useful for in-person payments. I wonder how he explains this to the grocers, tailors, lawyers, theme parks and thousands of retailers who save millions of dollars each year by accepting bitcoin—all without risk of volatility and even if they demand to instantly convert sales revenue into Fiat currency.*

“Of course it can be used in person, Numb-nut!” (I kept the thought to myself. I know better than to criticize another speaker).

Continue reading “Spending Bitcoin in person is easy (What happens in background is elegant)” | >

An introduction to by Johannon Ben Zion candidate for President of the US Transhumanist Party.

US Transhumanist Party candidate for President, Johannon Ben Zion has a futurist new deal for America. This concept stoked my interest when I was listening to the debate between all of the US Transhumanist Party candidates. I wanted more information on this concept and Johannon Ben Zion was kind enough to forward this information to me.

What I am going to do is quote some content from his plan below. It will be short and condensed, to read more into the exact details of the plan you can download the PDF file at the end of the article. I am also going to list an interview that was done between Johannon Ben Zion and Debt Nation and the US Transhumanist Party Presidential Debate.

The primary Futurist New Deal mandate for blockchain technology is evoting. By casting votes as transactions, we can create a blockchain which keeps track of the tally of the votes. This way, everyone can agree on the final count because they can count the votes themselves, and because of the blockchain audit trail, they can verify that no votes were changed or removed, and no illegitimate votes were added.

Read more | >

David Marcus has written a post intended to give “clarity” to the critics of Libra, the blockchain network Facebook is trying to seed.

First, to those who say the system is not really decentralized: “We totally get the point,” Marcus wrote in the July 3 post. “But it was important to start with trusted entities that could operate in a regulated environment and with the operational expertise required to ensure the integrity of the network in its foundational stage.”

He reiterated that “we’re committed to gradually transitioning to a permissionless state in the years to come,” and added that in the meantime, “I’d argue that one hundred geographically distributed, industry-diverse organizations is quite decentralized.” ( There are only 28 so far, however.)

Read more | >

My mission is to drastically improve your life by helping you break bad habits, build and keep new healthy habits to make you the best version of yourself. I read the books and do all the research and share my findings with you!

This video is an interview of Dr. Aubrey de Grey @ SENS on July 17, 2019. My wife, Lauren Nally, was our camerawoman.

- Please consider a donation so I can continue to keep my YouTube ads off: My Bitcoin Cash (BCH) address: qr9gcfv92pzwfwa5hj9sqk3ptcnr5jss2g78n7w6f2 or https://www.paypal.me/BrentNally
- Please consider a donation to SENS: https://www.sens.org/

SHOW NOTES:

- Aubrey’s wikipedia: https://en.wikipedia.org/wiki/Aubrey_de_Grey
- SENS wikipedia: https://en.wikipedia.org/wiki/SENS_Research_Foundation
- like & follow SENS on Facebook: https://www.facebook.com/sensf/?ref=br_rs
- subscribe to Undoing Aging’s YouTube channel: https://www.youtube.com/channel/UCAwxbQhlE6qcTXmKcxkaCGA/videos
- follow Aubrey on Twitter: https://twitter.com/aubreydegrey
- follow SENS on Twitter: https://twitter.com/senstweet
- follow Aubrey on LinkedIn: https://www.linkedin.com/in/aubrey-de-grey-24260b/
- follow SENS on Instagram: https://www.instagram.com/sensresearchfoundation/
0:55 Type “Aubrey de Grey” into YouTube for lots of his lectures & interviews.
1:50 Update on the state of the anti-aging industry & explosion of private sector interest.
5:05 Intro for Aubrey
5:35 My May 30, 2019 interview with Sierra Sciences CEO Dr. Bill Andrews: https://www.youtube.com/watch?v=Tx9yG6iTROQ
6:25 diversity of messaging in anti-aging is increasing.
7:10 My July 10, 2019 interview with BioViva CEO Liz Parrish: https://www.youtube.com/watch?v=oBFTwGPaPr4
8:28 Aubrey shares his updated thoughts on the role of telomerase in cancer in humans.
12:00 Liz had here telomeres tested by SpectraCell Laboratories: https://www.spectracell.com/clinicians/products/telomere-testing/ & LifeLength: https://lifelength.com/
14:10 there has recently been more testing on humans in the field of the biology of aging.
15:44 It’s obvious to Aubrey & I that aging is a big problem but most people still don’t understand this.
18:40 profound difference between how scientists & technologists think.
22:11 Watch the documentary “The Immortalists” about Dr. Aubrey de Grey & Dr. Bill Andrews: https://www.theimmortalists.com/watch/?
22:58 updates on anti-aging investments & research projects.
30:01 stem cell therapy is intended to repair cell loss.
30:50: we have a massive funding problem to reverse human aging.
32:53 we must educate the public that aging is causing 100,000 deaths per day and funding biological age reversal research can change this.
36:52 Is human aging a disease?
44:10 FDA progress to treat age-related diseases/conditions.
47:38 World Health Organization ICD code progress to treat age-related diseases/conditions.
50:02 Trans-NIH Geroscience Interest Group (GSIG)
54:40 “triangular log jam” of funding with governments, scientists and public opinion.
56:30 Aubrey shares why SENS still exists.
1:00:38 Ethereum cryptocurrency founder Vitalik Buterin & other SENS donors.
1:01:55 Undoing Aging is a conference held every spring in Berlin, Germany.
1:04:53 July 2019 is Aubrey’s 2-year anniversary at AgeX as the VP of New Technology Discovery.
1:08:44 Jeff Bezos donated $100 million to Unity Biotechnology, Inc. (not Human Longevity Inc.) in 2018.
1:11:02 (Larry) Ellison Medical Foundation failure in reversing human aging.
1:14:15 Google co-founders creating Calico rather than investing in or donating to SENS
1:21: Aubrey shares details about his lifestyle as well as his recommendations for a healthy lifestyle.
1:24:25 Aubrey looks up to the longevity “foot soldiers“
1:28:42 do what you love as much as you can to avoid excess mental, physical and emotional stress.
1:30:40 Aubrey is following all longevity therapies to determine their safety & effectiveness.
1:32:20 my stem cells story & Aubrey’s feedback.
1:34:58 EmCell in Kyiv, Ukraine is the only company doing fetal stem cells therapy.
1:39:20 exosomes
1:41:00 I’ve had no reply from Ambrosia founder Jesse Karmazin since October 2018.
1:42:51 My March 26, 2019 interview with Dr. Ed Park at Recharge Biomedical: https://www.youtube.com/watch?v=xHgfYKsH0uw&list=UUCwpkla04t…qA&index=6
1:44:31 NAD+
1:47:39 gene therapy
1:53:37 please network on the internet & in person with other longevity enthusiasts to help grow this movement faster.
1:58:48 mitochondria
2:00:48 long lived animals
2:01:49 consider a donation to SENS

- Forever Labs 1 year free cryogenic storage discount code ($250 value): BN801

Continue reading “Brent Nally interviews Dr. Aubrey de Grey @ SENS on July 17, 2019” | >

This post is structured as a question-&-answer. That’s because it was originally an answer at Quora, a Q&A site at which I am a Bitcoin columnist.

What is a ‘Paper Wallet’

A paper wallet is the ultimate offline wallet. It simply means that the private address to your crypto wallet is printed on paper — either as a string of characters, a QR code, or a series of seed recovery words.

If you destroy any electronic copy of your original wallet (e.g. the private keys that give you access to your wealth), then hiding this piece of paper is very similar to hiding a bar of gold. The only way that someone can steal it or know the amount it represents is to get their eyes and hands on something physical. They would need to know that you tucked it into your mattress or behind a secret panel of your cellar wall.

Continue reading “What is a ‘paper wallet?’ Do I need one?” | >

This afternoon, an automated bot at Quora suggested that I answer a reader question. Quora is essentially an “Ask the expert” web site. It is the world’s largest, cataloged and indexed Q&A repository.

This is the question I was asked to answer:

Some pundits believe Bitcoin is a fad, while others seem to feel that it is better than sliced bread. I like sliced bread.* Is Bitcoin really that cool? —Or is it just a lot of Geeky hype?

One other columnist answered before me. Normally, I pass on an invitation, if a question has already been answered. But in this case, the individual answering the question has yet to see the light. He has wandered into the Church of the Blockchain, but he just didn’t realize that the man sweeping the floor is the prophet.

Continue reading “About the Fuss: Is Bitcoin really important?” | >

Here is another economics/policy question that I was asked to address at Quora. It provides great fodder for a quick Lifeboat economics review.

The US used quantitative easing to deal with one monetary crisis, and a bailout of the automotive and banking industry to deal with another. If nations, economies or individuals begin to embrace a decentralized currency, they will inevitably shift away from government issued money. Won’t this hinder a nation’s ability to intervene in a crisis?

Answering this question goes to the very heart of the ethics and politics of cryptocurrency.

Yes. Without centralized control over monetary policy, government options for intervention in a money crisis would be severely limited. But this fact may lead to a false impression…

Continue reading “Does decentralized currency thwart crisis intervention?” | >

I find it encouraging that so many people want to know if they should get into Bitcoin. But, I am discouraged when I discover that “getting into” is a euphemism for investing, trading, flipping or HODL (Buy, then hold on for dear life).

Sure, Bitcoin is deflationary. If widely adopted, it is likely to increase in value. But adoption is being thwarted by traders. Today 95% of cryptocurrency transactions are by individuals or organizations buying or swapping cryptocurrency rather than using crypto to buy apples, a new car, or a family vacation.

Many people consider Bitcoin to be risky and not just as an investment! They think its risky to use a payment instrument. The perception of risk is associated with its widely fluctuating exchange rate. In the end, the exchange value won’t matter at all, because Bitcoin will be the money and not the dollar, yen, euro or pound. But, unfortunately, even though the argument for widespread adoption is compelling, it will not occur while we continue to see spikes and plunges on a graph.

If you are waiting for volatility to abate, then we need adoption beyond bleeding edge adopters (so called Geeks and nerds). And I am not referring to traders. We must arrive at a day when the fraction of transactions driven by purchase & sale, debt payment, salaries, memberships, fees, and settlements and big companies quoting grain, oil or ships dwarfs the fraction driven by speculators & investors. This is the only way to trigger the series of reactions that will lead to stability, ubiquity and public trust.

Trading is only one way to profit from the cryptocurrency market—and it is, by far, the most risky. In fact, if you employ the tools and techniques of technical analysis (i.e. you study graphs of performance over time), then you certainly won’t make money. In fact, you will lose your shirt.

I don’t recommend trading as a core strategy for building a career around cryptocurrency. You can make a decent living with a real crypto career, or a consulting sideline. We will get to a few suggestions below. But, if you wish to invest, day trade or HODL, stick to gradual, dollar-cost-averaging instead. Choose a small, monthly budget that doesn’t take food off the table and that you can afford to lose. This is the method of anyone who built great wealth through equities, including Warren Buffet.

Other ways to profit from cryptocurrency

Continue reading “Profit from Bitcoin with out Investing or Trading” | >