Rise up. (thanks Dave Bonta)
2016 translation guide
alt right = neo nazi
Fake news = propaganda
Normalizing = appeasement
There have been a disturbing number of racist incidents in the wake of Trump’s election. This video, filmed in response to a similar reaction after Brexit, is really helpful.
Both my kids go to schools where many students, and/or their parents, are going to be vulnerable to deportation. We told them both that it’s important to let everyone know that they stand against this. That there are friends who will fight…so I want you all to know this too. I’m not going to just stand by and idly let them build a wall, deport people, ban Muslims. I don’t have a plan, and I don’t know exactly how to respond. But I want everyone to know where I stand.
I am an American. I love this country. And I’m not going to roll over and let others define that in terms of hate and fear.
reposted from Twitter
Arthur Brooks is the head of a conservative think tank, but his NYT op-eds have been tending in a decidedly Buddhist direction the past year or two. Today, he shares a byline with the Dalai Lama.
Everyone has something valuable to share. We should start each day by consciously asking ourselves, “What can I do today to appreciate the gifts that others offer me?”
Leaders need to recognize that a compassionate society must create a wealth of opportunities for meaningful work, so that everyone who is capable of contributing can do so.
Watching a bunch of people in Ohio watch the rain fall.
“Everything worth doing takes time. You have to write a hundred bad songs before you write one good one. And you have to sacrifice a lot of things that you might not be prepared for. Like it or not, you are in this alone and have to follow your own star.”
At #money2020, @martindale predicts Bitcoin price will increase 10x, to $6,000+, in 12 months 🙄 crossposted from Facebook
October 24, 2016 at 05:05PM
“If you have an immutable record, authoritarian gov’ts might find that very interesting too.” Jamie Smith of @BitFuryGroup #Money2020 crossposted from Facebook
October 24, 2016 at 04:42PM
I’m a stringer for VentureBeat this week at the #Money2020 conference, looking for good stories about blockchain. Here’s one about how Overstock.com is about to offer stock (in itself) via T0, its Bitcoin-based equities trading platform. (Just don’t call it an exchange, even though it is.) Official news announcement to come tomorrow.
The company announced a new blockchain-based platform for trading equities(stocks and bonds) called T0 last year. Today, at the Money 20/20 conference in Las Vegas, Overstock.com’s communications director, Judd Bagley, detailed T0’s advantages over traditional equities trading systems and made statements that lead to the conclusion that a company — likely Overstock.com itself — would soon begin selling its stock on the T0 platform.
While other financial technology innovators might tread lightly for fear of offending the Wall Street types they eat lunch with every day, Bagley said Overstock is not going to hold back.
“We’re from Utah. We don’t care. We’re really taking a ‘burn it down and start over’ approach,” Bagley said.
After the panel, Bagley clarified that for regulatory reasons, T0 cannot be called a “stock exchange.” It is, he said, a platform for trading “widgets,” and the first use case will be equities (stocks and bonds).
Bagley did not actually say that stock trading would begin on T0. All he said onstage was that T0 would be in operation some time this year, and pointed to an upcoming Tuesday morning announcement by Overstock.com.
However, circumstantially, it seems quite likely that “being in operation” means trading stock, and that it would likely start with the stock of Overstock.com itself, which started accepting Bitcoin as a payment method a couple of years ago and has received SEC approval to sell stock for Bitcoin via T0.
Overstock.com’s beef with current equities trading processes came about a few years ago, when the company was on the receiving end of some stock market manipulation. Investigating the problem, it found that the trouble came in part because of the complexity of settling trades. This is a complex process that involves many intermediaries and is aimed at ensuring that the transaction is legitimate. However, the complexity introduces vulnerabilities — and also means that trades aren’t fully settled for three days. (After the Trade is Made describes the process in detail, although Bagley said the book is unreadably dense.)
“It shouldn’t take three days in this day and age,” agreed panelist Emmanuel Aidoo, who heads up cryptocurrency and blockchain strategy at Credit Suisse.
By contrast, blockchain-based equities transactions can complete in 10 minutes.
Yolanda Goettsch, a VP and associate general counsel at NASDAQ, begged to differ. “Our markets are very liquid, very efficient,” she told the panel, pointing to the extreme speed of the exchange’s electronic trading system. However, she did seem to acknowledge the three-day span required for full settlement, when it’s necessary to validate that the parties to a transaction have the funds, have the rights to the stock, and are meeting regulatory requirements.
In other respects, all of the panelists agreed on one thing: Banks and exchanges can, and should, take blockchain technology very, very seriously.
“Everybody’s in active trials,” said Jacob Farber, general counsel for R3, referring to financial services companies testing blockchain technologies. “There’s an assumption now that it will be deployed. The question is how and when.”
R3 is a consortium of 75 financial institutions and is building an open-source platform for distributed ledgers, called Corda.
NASDAQ, for its part, is testing a blockchain-based proxy voting system in Estonia, a country noted for its openness to fintech and digital identity technologies.
The panel reflects a broader trend. There’s robust interest in blockchain in the financial services industry, according to a recent study by IBM, which found that15 percent of top global banks plan blockchain products in 2017. Sixty-five percent are planning blockchain products within three years, IBM’s study found. And 80 percent of exchanges are testing blockchain, Goettsch noted.
Updated 10/24/2016 to clarify details about T0 launch.