I interviewed Richard Sanders who is the founder of CipherBlade, one of the only blockchain investigation agencies. They have recovered millions of dollars of stolen funds, prevented dozens of ICO scams, and professionally handled PR disasters and other emergency situations.
Some final thoughts he left us with were: Continue to do your own research. If something seems too good to be true, it probably is. Things that have been business practice in other industries apply here. If you don’t know the person, don’t send them crypto, if you don’t know where or how to report a scam or hack, don’t send them your money, if you, amongst other safety tips. This must be an industry-wide effort.
These were the questions I asked him: • Can you tell us a little bit about yourself? • How busy are you now / How does your day look? • Can you give us a brief introduction to your business? • What gave you the idea and when did you start it and or begin to discuss the idea? • What’s up next for CipherBlade? • What are some of the biggest problems you see in the industry currently? • What changes do you see coming to the industry over the next 1-2 years? • What obstacles do you see to mass adoption of blockchain technology? • What are your thoughts on censorship and free speech with everything that has been happening in the media and on social media? • How is CipherBlade different from other companies in the crypto securities and investigations space? • Where do you see your company going in the next year? The next 5 years? • Can you share any interesting cases you’ve worked on or intriguing stories? • Is there anything else you’d like to say to the audience?
Ethereum name service is the best domain solution I’ve found yet given it works with major wallets like Metamask and other ether wallets. The main thing here is that the domain services work with all wallets, but for now they are so new that there is not a lot of integration yet.
I was a little underwhelmed when I found out that Unstoppable domains couldn’t work with any of the wallets I used. So, when someone suggested I used Ethereum name service and I found out Metamask supported it, it was an easy sell for me to want to use this and share it with everyone. You could now use Metamask and other etherwallets to send ETH or ERC20 tokens to each other using .eth addresses. Mine, by the way, is scottcbusiness.eth.
You can get your domain at https://manager.ens.domains/ for about 5$ or so but you must be connected to Metamask to view it otherwise go to https://ens.domains/. There are also branded domains for about 1$ or less for example like scottcbusiness.cryptokings.eth was one example in case you want to spend as little as possible.
You can see my blog here on why unstoppable domains wasn’t up to par: https://www.minds.com/scottcbusiness/blog/domain-names-for-crypto-addresses-aren-t-ready-yet-1023122563102654464. I also point out in how domain name services are a bigger deal than you might expect because this was a driving force for mass adoption and use of the internet back in the day where people could use readable words rather than IP addresses to access websites.
Let me know what you think about this in the comments below and don’t forget to subscribe!
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? Check out all my social platforms and relevant links ?
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ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e or scottcbusiness.eth (from any eth wallet)
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#ethereum #domains #blockchain
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https://www.youtube.com/watch?v=pv44_RRm9Do
**AUDIO VERSION**
It’s become more apparent to me that there is no clear definition of decentralization and there are so many factors that there is no way to easily classify something as decentralized.
This is my 516th episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe!
I’ve decided to create a matrix that will serve as a reference to accurately determine if something is decentralized and to what degree on a spectrum. This is particularly being made with blockchain social platforms in mind, but I’m sure most elements could be applied to other projects.
• Can anyone monetize?
• Is there a KYC process?
• Are the tokenomics of the system sustainable?
• Do they have a terms and conditions?
o Do they have something like a “we always still retain the right to ban you” clause?
• Do they sell premium features
o Are they payable without KYC?
• Are there “back-doors” or super administrative users that could log into or manipulate a user’s account in some way?
• What is the initial token distribution/was there a pre-mine or ninja-mine?
• What is the ratio of tokens staked vs liquid tokens? How many people are staking?
• Number of core developers?
• Can you self-host content and or utilize peer to peer technology?
• Number of decentralized application (dapp) developers?
• Can anyone post content and participate? (Is it invite-only)
• Can anyone develop third party applications/tools/services for the platform?
• How challenging/easy is it to fork or clone?
• How is privacy handled?
• Is it open source?
• How concentrated is the wealth of the ecosystem?
• Is their cryptocurrency an actual cryptocurrency?
• Does it support and uphold free speech?
• How are moderation and censorship cases handled?
o Do they go after copyrighted material?
• Is the governance decentralized?
o Is it a DAO?
o Is there a company and or CEO behind the project?
o Is voting transparent while also protecting privacy?
o Is there anything protecting the governance model from an attack?
• Does the project actually use and integrate with a blockchain?
o How many nodes are there?
o How distributed are the nodes?
o What’s the barrier of entry to start a node?
o Are they incentivized fairly without over concentrating wealth to the top nodes?
• Does it use Amazon Web Services, Google, Cloudflare, or another service that could create a single point of failure?
• How many of these factors are trustless versus policies/promises?
Some further questions can be considered to further determine if that platform is also a decent one.
• Is it free to use?
• Does it have working media functionality?
• Are the load times reasonable?
• Is it easy to sign up?
• Is there a decent sized community?
• Are there language filters?
• Do you have to download something to use it?
• Does it have a mobile application?
Did I get anything way wrong? Am I missing anything? What is the best way to measure if something is decentralized? Should decentralization even be the goal? Let me know what you think about this in the comments below and don’t forget to subscribe!
*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*
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Often in life you will have situations where you’re presented with two bad choices, or you’re presented with two choices and you don’t even know that they’re bad, but you don’t know how to choose.
The most important thing is that if you don’t have to choose, don’t. When given the chance to not engage in something that will only brood a negative result, absolutely always do not engage.
A great example of this could be at work contending with someone who wants your position. The thing is by engaging with them and debating them on something you are acknowledging them as being on your level to be worthy of contending with and the worst part is if they lose and your superior sees this it looks bad on you and maybe even could be detrimental to you keeping your position and if you win then you gain nothing because you beat someone who is expected to lose to you. There are so many other examples of this, but that is a simple one that people can relate to very easily and realize the importance of this concept.
The worst thing you can do when you must make a decision is to be indecisive because it shows everyone around you that you don’t have confident decision-making abilities and they’re second-guessing you because you seem to be second-guessing yourself. Though it was for that one decision, that attitude may bleed through to every other aspect of the job or whatever situation this decision-making applies to. Indecisiveness will ruin your ability to lead, delegate, and command respect. Making a wrong decision and then fixing it is better than making no decision or deciding too late.
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ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e
BTC: 3MWhAo2pbrKLmhkRGj8WuTo2VzLVeuimTs
LTC: MJMYVTL5iL9GvyQJcn7w7uiyUFMuSFDHke
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https://www.youtube.com/watch?v=QKj32LBZIfE
For new people in the crypto space, it can be pretty overwhelming to understand all the nuances. Cryptocurrency coins are different from tokens, let’s talk about those differences and why they matter.
This is my 512th episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe! *Note that I had COVID when recording this so please forgive the potentially lower quality*
Some examples are Tron with TRC20, Ethereum with ERC20, and Binance with BEP20 tokens. There are many chains that have their own tokens as well such as Hive, Solana, Polkadot, Avalanche, and more.
The main thing to consider is that when you are using the ecosystems of these blockchains and want to trade between tokens, you can only do that within each ecosystem. So, you can only trade ERC20 tokens for other ERC20 tokens or Ethereum on a “decentralized” exchange like Uniswap. Thorswap offers you the ability to trade across chains like from Bitcoin to Ethereum, but that was covered here: https://peakd.com/hive-167922/@scottcbusiness/ybrwvnta
https://www.youtube.com/watch?v=L_thz6aVGxI
To some degree, it could make more sense to just invest in the underlying asset. For example, if you invest in Ethereum, you would have seen a massive jump in value when Shiba Inu blew up in hype (which is now worth only 28% of its all-time high). Also, remember that you are generally stuck within that ecosystem and subject to its features and drawbacks. For example, using any ERC20 tokens costs Ethereum gas fees which have been very high for some time.
Also, note that projects can distribute tokens across multiple chains. For example, you can get USDT on many chains: https://tether.to/en/transparency/. You can see on that site that they have issued huge amounts of USDT across Ethereum, Tron, Algorand, EOS, Solana, Avalanche, and more.
I don’t at all support Tether, by the way, it’s extremely centralized.
What are your thoughts on cryptocurrency coins vs tokens? Did this explanation help? Where do you like to trade? Let me know what you think about this in the comments below and don’t forget to subscribe!
*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*
? Support Me & Follow Me Elsewhere ?
? http://www.scottcbusiness.com
Ask questions in my Telegram: https://t.me/cryptoandthings
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Gab has been getting a lot of backlash for its strict stance on pornography claiming that they are still in support of free speech but banning all pornography on their platform. Let’s talk about it.
It has taken a turn for the worse as the CEO has begun denouncing Twitter users and moralizing at people his own personal religious views from the company account. It’s one thing to hold certain values and it’s another to actively push them on others.
I honestly think that porn should be kept on porn sites because if our social platforms are full of pornography and explicit content then how can children use it, how can you use it at work, or in any professional environment? Social media is supposed to be about communication, not about pornography. For the same reason that pornography websites are not social media platforms, I don’t think social media platforms should be pornography websites. You have to also consider that they have to pay to host the content and when you’re introducing so much more legal issues and liabilities which will make it much more challenging for users to use the platform anywhere at any time as social media platforms should be used, then it’s much easier and more sensible to just outright rid of porn. You must also consider that it’s hard to prove consent, age, etc. in short clips and if they had to manually review it, it would be extremely cumbersome.
For me, free speech includes everything related to unrestricted speech including hate speech. But pornography has many limitations and legal restrictions that one could then argue it’s not necessarily speech or that it wouldn’t be included in free speech given all the legal restrictions already imposed on it.
Let me know what you think about this in the comments below and don’t forget to subscribe!
In the past 100 or so years, the US dollar has gone down about 95%. Bitcoin has gone up over 7000% in less than 10 years.
Yet, people continue to bash Bitcoin and question what really backs Bitcoin? There's nothing backing US dollars aside from faith. The thing is you have faith and know that it will decline and continue to inflate. With Bitcoin and cryptocurrency, our faith is that it may go up or down, but with US dollars, it's only going down.
It has gone down so much so that if you put money in the bank today, in 10 years with the best interest rate possible, you will have more dollars in the bank and more numbers on the screen, but you won't be considering that the money you've gained and stored has all gone down in value. It won't be entirely obvious aside from everything around you has become more expensive except consumer goods.
Consumer goods are always getting a little cheaper which make them so enticing to spend on, what you really need to do is invest to ensure you don't lose the value or your money to inflation. One of the easiest ways to do this is in gold. An even easier way today is via cryptocurrency, though it can be a gamble all the same. One thing is for sure, I'd rather bet on potentially gaining wealth rather than betting on slowly losing wealth indefinitely.
What do you think about this? Let me know in the comments below
You want to take full advantage of the social platforms out there that use blockchain technology or have crypto monetization, so here are the 8 platforms I used to make $2059.26 CAD worth of fiat & crypto in December as well as some insights on them.
My total alleged crypto social media income earnings are now up to $14,783.26 CAD not including crypto appreciation after originally receiving it.
**Timestamps:**
*00:00 Intro
00:33 Social Media Metrics
06:10 Crypto December Earnings
14:30 Total Earnings
15:23 Reasons To Use Them
16:28 Outro*
I’m committing to sharing these every month and linking you to my December metrics report PDF: https://www.filedropper.com/showdownload.php/blockchainlegacysocialmediametricsreport_4 or where you can normally find it on my Linkedin profile under featured: https://www.linkedin.com/in/scottcbusiness/.
To briefly go over my social media results for December, I received around 12,320 engagements, 11,775 video views, 2,730 comments, 4,260 followers, and 526,170 impressions.
**Now let’s dive into the earnings for December:**
Publish0x – 28 BAT – $0.25 USD = $5.60 + 0.018 ETH – $1,102 USD = $19.84 USD + 28 AMPL - $0.89 USD = $20.42 USD earned from post rewards. That’s a total of $45.86 USD.
Brave Browser – 6 BAT - $0.25 from ad rewards and creator donations for a total of $1.48 USD.
LBRY – 7,225 LBC - $0.083 USD = $599.68 USD from user earnings, content earnings, invites, etc.
Hive – 490 Hive - $0.13 USD = $61.25 USD from post rewards.
LeoFinance – 361 LEO - $0.44 USD = $119.90 USD earned from post rewards.
Read.Cash – 0.31338 BCH - $480 USD = $150.42 USD earned from post rewards.
SoMee – 61,963 ONG - $0.005 USD = $309.82 USD earned from post rewards.
DTube – 34.73- $0.27 USD = $9.37 USD earned from post rewards. 918 DTC = $247.86 USD earned from airdrops. That’s a total of $257.23 USD.
YouTube - $34.96 CAD earned from monetization
The grand total came to $1,621.46 USD which is about $2,059.26 CAD.
December has been really great and earned me about double what I made in November. With crypto being as bullish as it is, the amount I made in the past has doubled or tripled and I estimate the earnings I make today will also appreciate quite a bit. LBRY continues to perform very well and consistently been by far my top earner, and now with it at over 8 cents, I expect my earnings to continue going up. I’ve stopped reporting on Minds, Steem, & Uptrennd due to withdrawal restrictions and earning a very small amount. Read.Cash has grown massively I’m getting consistently good rewards there especially with the value of BCH going way up. I want to get my earnings to about $1,500 CAD worth of crypto a month on average and keep it there, but I know that over time all my earnings will appreciate to a value well beyond that anyway. LeoFinance has been performing very well with Hive and now my top consistent earners are Hive with LeoFinance, LBRY, and Read.Cash. DTube earns me a good amount, but most of that comes from monthly airdrops so I’m not sure how consistent that will be. SoMee currently has withdrawals turned off again so I’m not sure if I will be able to get the value that I earn which is a recurring issue with SoMee.
I will continue to share these reports every month to give you a breakdown of what my earnings are to be completely transparent and give you an idea of what you could do if you did the same as me.
What are your income goals? Are you using any of the platforms I shared above? Is this useful and or encouraging for you? Would you like to see these reports every single month to get a better insight into crypto social profitability? Let me know what you think about this in the comments below and don’t forget to subscribe!
***This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else. If you’re not on LBRY, sign up and get started here: https://lbry.tv/$/invite/@ScottCBusiness:4***
I've made another channel called @HowToLBRY where I do quick easy tutorials and the only thing that will be on that page are tutorials, so this way you can easily find everything in one place.
There will only be succinct tutorials and guides on here so once I cover everything I will only update it as needed when new updates are released by LBRY Inc.
Feel free to comment anything you'd like to see covered there and I will make sure to do so. This is an easy way for me to continue focusing on a broad range of content while still providing you all with tons of education and tutorials on LBRY.
Thanks!
This video will very briefly, but helpfully explain the current method to post media on your blog as some people used to traditional blog platforms have had some trouble and asked that I do a tutorial for this.
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Discord - ScottCBusiness#5242
Minds - https://www.minds.com/scottcbusiness
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https://www.youtube.com/watch?v=akQvEg9E2rM