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Blockchain + Gene – DNAC is mapping out a world-class blueprint

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(Roland Song, chairman of the World Gene Chain DNAC Foundation)

In the movie “A World without Thieves”, the Chinese Master Ge once said: What is the most valuable thing in 21th century? Talent! Today, this no longer applies. The most valuable thing in this day and age is data. The arrival of cloud computing and big data era is meant to maximize the value of data. However, when the centralized data is commercialised, individuals who are the contributors of the data have never been duly rewarded.

The beginning of the block chain open era creates a fantastic opportunity for the individual data’s value realisation and the data feeders. Its distributed storage mechanism can provide security protection for private personal data, and smart contracts can provide the public with prompt and convenient payment and transaction services. Gene, which has the most individualised attributes, appears even more unique when compared with the data coming from people’s everyday life, be it movement, transaction or consumption. Accordingly its value should be most properly recognised.

However, the huge cost of genetic interpretation was once a mountain laid across in the path of commercialization. Now technology evolution has greatly reduced that threshold, from the initial millions of US dollars to now mere US $1,200. What is around the corner is a big wave of block chain + gene data entrepreneurial uprising. And the DNAC World Gene Chain DNAC has commanded a pinnacle point through the labelling of ‘World’.

It is a very compelling title. More importantly what counts next is the project operation itself. This is where wether it can really set the base and win the future. This article will shed some light to the public from the point of view of resources, background and long term planning.

Can DNAC hold up its ‘World’ title?

Due to the blockchains’ borderless nature, many projects favour the word ‘Global’ in their titles. Now that DNAC names its blockchain project with the big word ‘World”, what is the rational behind such a bold claim?

According to Roland Song, chairman of the DNAC Foundation, “The block chain project is geared towards the social behavior of human beings. Therefore, it is confined to the man made society, but the world of genes does not only include people, but also animals, plants, bacteria, viruses and other organic organisms, so our project is rightly named after the ‘world’.”

Then how do the project’s plan and design cover the whole world?

It is understood that the future vision of DNAC is categorised in two phases: 1.0 and 2.0. In the 1.0 phase, the human genetic data is used as the main body of the commercial architecture. Each person’s genetic data is interpreted and stored and then used in a variety of personalised services such as precision medical care, food safety, sports health, disease preventio; In the 2.0 phase, the scope of genetic mapping will be extended to animals, plants, microorganisms, bacteria, viruses, etc., providing more basis for the development of human health, agricultural high-tech, ecological environment, food, chemical industry and so on.

Is the application scenario of DNAC realistic?

At the moment, more than 90% of block chain projects are likely to fail. The industry analysis points out that such a high mortality rate is mainly due to the mounting task of finding real applications, not to mention the fact that many projects are designed mainly for the purpose of capital raising. Some commentaries even declare that block chain projects without real applications are rogue projects, which underlies the importance of the project applications. So, what application scenarios can DNAC support? and can it find real applications?

In the interview, Roland Song described several application scenarios for their project:

1) Personal precision medical treatment. Nowadays, the high incidences of cancer, tumour, cardiovascular disease make the public realise the importance of health. People of just over 30 are starting to pay attention to the healthy living. If everyone can interpret and understand their own genetic changes, they can predict their physical changes in advance and take targeted actions to prevent the occurrence of unexpected events. One role of DNAC is that it can make use of the blockchain’s decentralised characteristics and distributed ledger to record the whole gene data and its changes to  form a precise and reliable basis for personal medical treatment.

 

2) Targeted personal development. The personal genetic map provides individuals with a full range of interpretations including personality check and forecast of areas of expertise. Parents can use this map as the reference in the children’s character building, future planning and career choices.

3) Investigation of missing people. The uniqueness of DNA is a person’s truest and most reliable label in the world. When someone has gone missing, he or she is recorded in the public security system. Whenever he or she seeks medical treatment, the hospital data interface will trigger the DNAC’s alarm system through the data smart contract. This will pin point the missing person’s physical location and hence complete the search task.

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Not only that, when DNAC is upgraded to 2.0, it will be used in pet care, horse origin, dog origin, food origin and so on.

At present, it is generally accepted that Bitcoin is the 1.0 stage of blockchain, and   Ethereum has taken blockchain into 2.0 stage, and now with the maturity of DApp technology, blockchain has entered 3.0 stage. The mission of the blockchain has also changed to building a DApp ecosystem through smart contracts.

The establishment of DNAC public chain is based on the blockchain 3.0 technology. It is to build a DNAC public chain together with medical, R&D and other institutions as the side chains, as well as individual users as a block to form an integral ecosystem. Right now, many projects are still at the conceptual stage. The technical team of DNAC public chain has provided projects with more mature and innovative technology support to arrive at various DApp consensus on the DNAC public chain through smart contracts. The DNAC’s product portfolio will continue to be launched to bring real gene data into smart contracts. This will help realise the smart contracts’ value and lead DNAC to true commercialisation.

However, are the conditions of project implementation all met? Roland Song seems to be fairly confident on this: “At the moment, there are two main bottlenecks in the DNAC operation. The first is the price. When interpretation cost of personal gene was millions dollar high, it was impossible to carry on with the project, but now that cost has been reduced to only US$1200 and possibly will go even lower in the future, it has created conditions for the universality and popularisation of genetic interpretation.

The second is the demand of society. One favourable factor is that with the drop of genetic test cost, at the personal level, the hard demand and curiosity of the market will take place, from initially individual to ultimately group. And from the individual data value realisation point of view, the public will be pleased to participate in DNAC projects. People can turn data into monetary value by authorising hospitals, research institutes and laboratories to use their individual data to derive a certain group gene data. This will inevitably become the trend in the era of big data.

At the institutional and organisational level in industries such as medical care, considerable amount of human, material, financial and energy resources has to be spent on storing individual’s medical history or data. What DNAC blockchain technology can deliver is to accurately record everyone’s individual gene data for a lifetime and to positively identify each individual person. It is a technology everyone will only be too pleased to accept. It is our ultimate goal to create a gene passport for every individual person and every single creature.  

 

What are the supporting advantages for DNAC?

 

The booming of blockchain industry has seen new influx of many entrepreneurial projects. There is no shortage of competitors along the same race track. The advantages then become an important differentiating factor in determining how far and how high each project will reach.

Roland Song believe that their project can be explained in three aspects:

First, strategic advantages. Currently, there are very few blockchain + gene projects in the world. There are a listed company in US and MIT in the run overseas and domestically only some people in Huada may have this thought and some in Jiangsu are doing genetic testing. All they are doing is to store the data or use the project to trace the origin. On one hand the business is single phased and on the other hand it may be restrained in the physical territory and limited in the business development.

The World Gene Chain is open to the whole world, bringing human, animals, plants, bacteria, viruses and other organic organisms into genetic testing. It is developing a public chain, not a side chain on top of the public chain based on Bitcoin or Ethereum. It will form a complete and close ecosystem together with other cooperating gene blockchain projects as well as medical, research institutions and individuals.

In this ecosystem, individual can monetise his/her gene data by providing data through a private key; institutions and projects will be able to obtain data from the public chain and use the smart contracts to make payments; DNAC becomes the “AliPay” in the decentralised gene database. The market will form a hard demand with the the popularisation of gene data and acceptance of its value and this will propel the ecosystem into a self perpetuating mode. This is a benchmark in evaluating the quality of a block chain project.

Second, advantages of cooperating organisations. To facilitate the global layout of the 1.0 phase of the DNAC project, they chose the Christian Anxi Hospital, which has 147 medical institutions worldwide as their partner. The very first choice is Taiwan’s Tai’an Hospital, which has now reached a strategic partnership with DNAC. There will be more hospitals in its system to join the program.

One Australian listed medical institution and a Hong Kong listed drug research and development company are due to sign partnership agreements with DNAC. This will lend considerable support to DNAC at this stage.

In addition, DNAC has also received strategic investments from world-renowned funds, South Korean Bithumb shareholder Omnite, and a Hong Kong-listed pharmaceutical company (to be disclosed after the HK exchange announcement).

Third, team advantage. At the moment, DNAC has attracted many famous R&D institutions and quality companies from Australia, England, America, Singapore and China to work together on the project. It has developed an international team comprising of many talents from biotechnological science, genetics, blockchain technology and finance industries. All these have formed a core assurance to the success of the whole project.

“DNAC needs a very long time cycle to reach its maturity and perfection, but I shall persevere until my own dream comes alive. I am ready to spend the next 5 to 10 years on this project until the market forms a hard demand.!” Roland Song expressed this  firm dedication to me in the end.

Contact

World Gene Chain

service@ibtct.com

http://ibtct.com

USA

 

Scientists At Lunarizon Have Developed A New Way Of Building On The Moon

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Many of us imagine living on the moon. But, Lunarizon has taken a step forward by developing a new way of building on the moon.

Many of us know that there are studies going in different countries of the world to see the possibility of human life on other planets. Even, studies go on about the possibilities in the moon. Now, as a step forward, the scientists at Lunarizon have developed a new way of construction on the moon.

They have developed a radiation curring method for constructing ultra-light airtight capsule that will make building easier on the moon. This new Material is named as Lunarfiber and it produces fiber material that is 25 times stronger as compared to steel. It means that it reduces the weight of a lunar habitat from 100 Tonnes to just 500 Kgs. In turn, it will save a huge sum of money on launching on the moon.

The company says “We offer the best human habitation on the moon. Constructed with innovative material and technology, finally, we don’t only walk on the moon, but also live on it.” They say that humans can enjoy the horizon on the moon and can watch the earth rise and earth set.

Lunarizon scientists rightly understand the fact that the Ideal Stella habitat demands budget restricted launch plan, the supply of water and electricity, food supply and storage of oxygen, radiation protection and impact resistance and most importantly stability without gravity from the earth. Considering these factors, they have developed the Lunarfiber. They have this idea of building with silicon and carbon fiber using vacuum and air.

This technology developed by Lunarizon sheds light on constructing with inflation using compressed gas in as less as 40 minutes. They say that without Traditional construction procedures and human labour, this is the most feasible method of constructing on the moon.

About Lunarizon:

Lunarizon Inc. is an advanced tech lab developing solution for the Interstellar immigration. The company is led by a team of inventors and chemists. The unique technology developed by this company helps in the development of off-grid Interstellar habitat development.

 

For more information, please visit www.lunarizon.com

 

Media Contact
Company Name: Lunarizon
Contact Person: Li Naiyi
Email: 643046319@qq.com
Phone: 00000000
Country: United States
Website: https://www.lunarizon.com/

Me & Mine Entertainment and McKay’s Taphouse and Garden Present a Celebrity and Guest Screening of the Film “Reverend DoWrong Ain’t Right.”

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WHAT: A celebrity and guest screening of the new Me & Mine Entertainment Film “Reverend DoWrong Ain’t Right”

WHEN: Thursday, May 3, 7:00 p.m. (celebrity arrivals 6:30-7:30 p.m.)

WHERE: McKay’s Taphouse and Garden, 252 Main Street, Pleasanton, California

WHO: Among the celebrities expected to attend are: JB Smoove (Curb Your Enthusiasm), Deon Cole (Blackish), Lester Bibbs (DEF Comedy Jam), Greg Proops, Suga-T (Gold Recording Artist), Antoine Davis (KBLX), Mike Brown (Golden State Warriors), Anthony Brown (Pittsburgh Steelers), Langston Bibbs, Tina Gram (DEF Jam), D. Mark Grieshop (Director), DJ Ammbush (Oakland Faders), Ben Traxx (EDM Artist) Brenda Grisham (Christopher Lavell Jones Foundation).

MEDIA ACCESS: Photographers will be permitted to cover celebrity arrivals.

SPONSORS: Event sponsors are MKTG+160, Palmia Beer and D’gital Watches.

About Me & Mine Entertainment and MB Enterprises:

At the helm of Me & Mine Entertainment and MB Enterprises is Tobin Costen, who has served as a producer and manager for Lil’ Troy, Master P, TRU, West Coast Bad Boys and the Down South Hustlers in his long and successful career. He launched the Me & Mine label in 1998. The companies also benefit from the expertise of Jay Bridges, a special relations stockbroker who has managed a $35 million equities portfolio for a wide range of clients. He has been instrumental in successfully conducting numerous multi-million dollar transactions prior to becoming a managing partner at MB Enterprises.

Also serving in a leadership role is Keith Moss, a respected college basketball coach who founded Comsport USA Sports Agency after serving as the agent to Tariq Abdul-Wahad (formerly Olivier Saint-Jean) when the player entered the 1997 NBA Draft. His firm is now one of the largest sports agencies in the United States.

CONTACT:

Nicole Leyman
NHL Marketing Solutions
925-922-1179
www.marketing160.com

www.tobincosten.com
www.palmiabeer.com
www.getdgital.com

Media Contact
Company Name: NHL Marketing Solutions
Contact Person: Nicole Leyman
Email: nicoleleyman@yahoo.com
Phone: 925-922-1179
City: Pleasanton
State: California
Country: United States
Website: http://www.marketing160.com/

Hyundai Canada partners with Virtuo Toronto to reveal a groundbreaking, interactive 360 video showcasing the Elantra SUPERSTRUCTURE being put to the test

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Hyundai Canada, has joined forces with the North American leading producer of 360 videos to showcase the Ultimate Strength Test of the Elantra SUPERSTRUCTURE. The three minute 360 video allows viewers to experience the demonstration that took place at the Hearn in Toronto, were seven fully functioning vehicles were stacked onto the Elantra SUPERSTRUCTURE, giving the viewers a vantage point never fully achieved before in a conventional advertisement. The unique virtual experience brought the test of strength to life, with embedded, interactive information showing the process from its very inception.

The video not only represents a next step in video marketing on You Tube, but a starting point for a future of virtual reality. The makers of the video, Virtuo360, have created a customizable platform for 360 virtual experiences called VirtuoReality which allows advertisers to ad a new level to the 360 video experience. The video demonstrates the cutting edge of video marketing.

The video can be viewed here: https://www.youtube.com/watch?v=aWwpiGBnV0k&feature=youtu.be

About Virtuo360:

Virtuo is a full service digital marketing agency with offices in Toronto and Montreal and is a leader in creating custom 360 video and virtual reality experiences. With over 10 years of experience in creating virtual tours, and as a Google-Trusted Agency, they have worked with international brands to create a multitude of custom designed virtual experiences.

If you would like more information on the 360 video or what’s next in virtual marketing contact 1-800-360-5907 or visit www.WeAreVirtuo.com

Media Contact
Company Name: VIRTUO360 AGENCY
Contact Person: Media Manager
Email: v360rossm@gmail.com
State: Toronto
Country: Canada
Website: http://wearevirtuo.com/

Tripz.com Homepage Redesign and Vacation Home owner Tax Benefits in 2018

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SCOTTSDALE, AZ, March, 2018  Tripz.com, an internet leader in saving travelers money by connecting them directly with vacation home owners, releases a report on the new and improved homepage design, along with a tax benefits report for renting out your vacation home.

Tripz.com homepage redesign

In February 2018, Tripz.com launched it’s beautiful new homepage redesign. Featuring the classic Tripz search bar. This search query bar will lead you to a map point based on the geographical location that you chose. Navigation of the map is encouraged, so you can find a place to stay closest to your desired attraction or destination.

Tripz new homepage also features some of it’s most popular rental destinations in the United States. Using vibrant photos, that lead the consumer to amazing galleries of vacation rentals to choose from.

If you haven’t been able to watch the new Tripz.com commercial, it’s entirety is spotlighted in the middle of the new homepage. The hilarious new commercial shows the the frustration of paying for hidden fees.

Vacation home owner tax benefits in 2018

According to the IRS, vacation home owners have the ability to deduct ordinary and necessary expenses for managing, conserving, and maintaining your rental property. Those expenses include; taxes, advertising, maintenance, utilities, and insurance. For example placing your property on Tripz.com would actually be an advertising fee, since we’re placing your property on display to generate business.

A cleaning service, supplies, materials all relating to renting out your vacation home are also considered tax deductible. Something as simple as washing bedding for your guests, is considered tax deductible. Any of the ordinary costs incurred to you for your guests typically can be deducted. Always be sure to keep your receipts which follows the best practices for record keeping.

Traveling locally to your rental home

If you drive to your rental home to perform; routine maintenance, checkups, or collecting rental fees – You are actually entitled to claim the standard mileage rate. IRS.gov reads that the standard mileage rate for 2017 was 53.5 cents per mile. This write off also includes local tolls and parking fees.

The 14 day rule

There’s a simple rule in the rental industry: if you don’t rent your vacation home for over 14 days in a single year ñ you don’t have to report rental income. Always make sure you have the proper proof in case you do get a letter from the IRS asking for more information.

Vacation Rental Random Facts

In 2016, 49.5 is the average age that a home owner begins renting their home.
21% of home owners that rent their home to earn extra income use it for their children’s education.
8% of vacation rental owners purchased their vacation rental home before the home they reside in.

For more information, contact:
Company Name: Tripz.com
Contact Person: Kyle Gale
Position at Company: Co-Founder
Full Business Address: 7110 E McDonalds Drive, Scottsdale, AZ 85253
Email: kyle@tripz.com
Phone Number: 866-479-2819
Website: https://www.tripz.com

About Tripz
Here at Tripz, our vision is to become the leader of the vacation rental industry by doing right by our owners and travelers. We built Tripz.com for one reason, and one reason only, and that is to make a change, to put you back in control. Our platform is designed to ensure affordability and prosperity, making it a win win for all parties. We are determined to rise above what is currently happening in the industry; to be the best, for the best, and that is you! Tripz.com will forever be committed to providing the tools needed to run your business your way, and enjoying your vacation the right way.

Merch Designer Launches Exclusive Limited Clothing Line - Cold Cuts Ltd

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The not-so-underground indie/hardcore music scene has a fashion sense of its own. Style’s and basic looks have already crossed into mainstream national retail stores and are considered a go-to look for people in and outside the music scene.

One of the major players in creating merchandise for many of the successful current bands, Cold Cuts Merch (Cold Cuts Prints), have recently launched a brand new clothing line of their own — Cold Cuts Ltd.

The designers have been creating and designing clothing since the start of their operation over 10 years ago. The move to create their own brand and apparel makes the most sense, as it only comes natural for them.

The brand itself looks to expound upon the culture they know best. Living loud, facing opposition and going against the grain. It’s those key factors that go into creating the apparel as a whole.

Located just outside of Philadelphia, the company has already started taking orders for 2018. You can order directly for yourself using their site Cold Cuts Ltd. and for retail inquiries their contact information is listed below.

For more information, please visit https://medium.com/@bryan_82048/merch-designer-launches-exclusive-limited-clothing-line-cold-cuts-ltd-5bab109de902 you can kindly send a mail @ info@coldcutsprints.comor .

 

 

Radhe Guru Maa Trust is Fulfilling Pledge to Serve Mankind

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Mumbai, India – March 5, 2018 – Radhe Maa is an Indian spiritual guru to millions of individuals, focusing on service to others. Her teachings emphasize a will to serve people and embrace God to achieve everlasting peace and happiness, a goal she strives to meet through her Shri Radhe Guru Maa Charitable Trust.

“Do not expect too much from the world,” said Maa. We are here to give not to take.”

The Shri Radhe Guru Maa Charitable Trust is distributing happiness and working to serve people through multiple types of aid and assistance. The goal is for individuals to engage with society through philanthropic contributions to the organization that funds the donation of food, clothes, books, blood and medicines to old age homes, orphanages and educational institutions.

Through the Trust, almost 2,000 devotees recently helped raise the funds to donate a water cooler to the students at Jagatjyoti Model School. A shawl distribution, umbrella donation and other programs have already been implemented and more are planned for the future.

A spiritual teacher in the Sanatan Hindu tradition, Maa’s message to everyone is to treat others as they wish to be treated, accentuating to individuals that what they see in others today they may become and that their actions will have a decided effect on how they greet the afterlife.

It’s a cause and effect principle that guides her teachings and encompasses all aspects of the human experience, from an individual’s role within the family and how to have fun to demonstrating charity and compassion for the poor.

Her teachings inspire selfless giving, caring, compassion and living a life of humility that brings an individual closer to deity. It’s a life she’s been called to and she’s eager to share the tenants of spiritual health and enlightenment and to serve mankind.

Through the formation of the Shri Radhe Guru Maa Charitable Trust, Maa has been able to expand her service and be a force for good in the world. The organization relies on contributions to create change in the lives of others and those who wish to make a charitable donation to the organization can do so online.

 

About Radhe Guru Maa

Radhe Guru Maa is an Indian spiritual leader from India with roots in Sanatan Hindu Dharma who emphasizes seva or service to all sentient beings as a means of self-purification for those aspiring for divine grace. She spent many hours at the Kali temple near her home as a child. Known for her fairness, she was often called upon to settle disputes, even as a child. She was given the gift of prophecy and at the age of 23, she dedicated her life to God completely. She founded the Shri Radhe Guru Maa Charitable Trust to help those in need and regularly conducts prayer sessions and blessings for the people. Individuals can connect with the spiritual leader on social media via Facebook, Twitter and YouTube.

 

Media Contact

Shri Radhe Guru Maa Charitable Trust

Phone: +91-9820969020

Website: http://radhemaa.com

New Media Film Festival announces Warner Brothers Animation, Back Roads Entertainment & Sneak Preview Entertainment for Producers Panel & Pitching

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If you looking to get your story out as well as take away wealth of information from media veterans then look no more because The 9th Annual New Media Film Festival® announces for the 1st time a Producers Panel & Pitching which would take place On Saturday June 16th 2018 from 2:30-4:30pm at the James Bridges Theater in Los Angeles CA.

Since the festivals inception, Honoring Stories worth Telling has been their mandate. What better way to inspire and empower than to have vetted producers and development executives share their wisdom, answer Questions from the audience and have an opportunity to pitch?

This exhilarating and unique event would allow the audience to pitch their best ideas, meet successful producers & learn what works, what doesn’t and why from them, Q & A after the panel.
Ticket buyers to the Producers Panel & Pitching will receive a personal email asking if they would like the free option to pitch. They will curate the pitching session from these responses (deadline for this free option is June 15th midnight.
Verbal and video pitches are accepted.

The Producers Panel & Pitching will have these industry legends;

Jonathan Cane – Head of Development – Back Roads Entertainment

​ Eric Calderon – Producer – Warner Brothers Animation

Steven J. Wolfe – Producer & President of Sneak Preview Entertainment

Roy Bodner (Moderator) – Producer

About The Media Veterans

Jonathan Cane is an unscripted development and production exec with 19 years of experience delivering immersive, fun and fresh content to a wide range of outlets. Prior to joining the Back Roads fold, he was VP of Development for BBC Worldwide Productions and Fremantle Media North America. He ushered original concepts into Fox, MTV, CW, Bravo, E!, GSN, Discovery, Oxygen, Style, Lifetime, VH1, National Geographic, TLC, We, Red Bull, and A&E. Jonathan got his start working at MTV News in 1998, and moved up through the MTV ranks where he ultimately served as showrunner for a diverse slate of shows; delivering a total of over 250 hours of aired content.

 

Eric Calderon has been in the animation business since 1994. He is currently working as a producer at Warner Bros. Animation on an upcoming full length animated film that will be released by Warner Home Entertainment. Prior to that, he acted as Show Runner, writer, and Executive Producer for Transformers: Combiner Wars & Titans Return for Machinima. He also Executive Produced an animated TV series co-production in collaboration with Fox Home Video USA and Fox Japan based on another major feature film franchise.

STEVEN J. WOLFE (Producer) is a seasoned film producer and President of Sneak Preview Entertainment, a production and talent management company he founded almost 25 years ago. Steven has produced a diverse range of films throughout his career including Golden Globe® Best Picture nominee 500 Days of Summer starring Zooey Deschanel and Joseph Gordon-Levitt; Our Family Wedding with Forest Whitaker and America Ferrara, David E. Talbert’s Baggage Claim, Phat Girlz starring Mo’Nique, A Dennis the Menace Christmas; Twin Falls Idaho and the Sundance Film Festival hit Relax, it’s Just Sex! Starring Jennifer Tilly, Lori Petty and Mitchell Anderson.

Wolfe recently produced a musical re-imagining of the 1983 classic, Valley Girl with Matt Smith for MGM as well as acclaimed writer-director Alan Rudolph’s Ray Meets Helen and writer-director Nnegest Likke’s Everything But a Man, which is currently winning awards on the festival circuit. His vast list of producing credits such diverse films Miss March, The Secret Lives of Dorks, Tollbooth, Fast Sofa, When Do We Eat?, Beautiful Loser, Civilization of Maxwell Bright, Hellbent, Circuit, The Clean & Narrow, Bird of Prey, Only You, Scorchers and My Mom’s a Werewolf.

Roy Bodner is a 25-year veteran in the production and marketing of feature films, television programming and awards shows. His corporate experience includes key management roles at Disney, at E! Entertainment Networks and at Peace Arch Entertainment. Most recently he produced the feature drama “Dance Baby, Dance” distributed by Indie Rights. Bodner is currently developing three feature films, including a documentary about wine; and two TV series including a unique cooking show and a behind-the-scenes series about baseball.

For more information on this project please visit http://www.NewMediaFilmFestival.com or you can send a mail to info@newmediafilmfestival.com.

 

 

BudTrader.com Reaches One Million Users

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March 9, 2018 – BudTrader.com Passes One Million Users! The world’s largest online legal cannabis classified ad marketplace, announced via it’s Instagram page (@realbudtrader) that it has surpassed one million registered users and continues to reach milestones at a faster rate than any comparable site in the realm of cannabis tech. The BudTrader team and a star studded VIP guest list celebrated the milestone with a private party at a residence in Pacific Palisades California. BudTrader.com was purchased in 2016 by current CEO Brad McLaughlin, and in 18 months the platform has had an incredible amount of momentum. Weedmaps, Leafly and Massroots, three titans in the cannabis industry that have been established for years, each also claim around one million registered users. “From the moment I took the helm at BudTrader, I’ve had my eye on the milestone of one million users,” said CEO Brad McLaughlin. “I’m thrilled to see such great momentum and traction for BudTrader in the cannabis space. We are committed to continue to give our growing base of users an exceptional experience buying and selling cannabis related products and services on our site. With the official launch of our new Verified User program, we are able to offer BudTrader users even more security and transparency than ever.” In addition to one million registered users, BudTrader received over 2,500 applications for the beta test of its Verified User program within the first 2 months of 2018. The site announced the public release of the program yesterday. Once an account has been verified by BudTrader, a Verification Badge will display on all ads posted by that user. This signals to potential buyers that the seller has been vetted by BudTrader. This program comes on the heels of once popular dispensary locator Weedmaps.com receiving a cease and desist letter from the state of California ordering them to discontinue promoting unlicensed and illegal cannabis businesses and dispensaries. “I’m not going to comment on Weedmaps, I’m only focused on BudTrader and our business” stated the BudTrader top boss. The next project for the BudTrader team is preparing for an upcoming IPO in Canada. “Budtrader Canada or BudTrader.ca is growing rapidly. The time is right for a budtrader IPO in Canada with our great neighbors to the north,” said McLaughlin. BudTrader.com’s cannabis classifieds marketplace is currently available in the 29 states where cannabis is legal, as well as Washington D.C. and Puerto Rico. The brand also went international with the successful launch of BudTrader Canada in January of this year.   

Media Contact
Company Name: The Marijuana Journal
Contact Person: Victoria Omega
Email: victoria@themarijuanajournal.org
City: Pacific Palisades
State: California
Country: United States
Website: http://themarijuanajournal.org/

Sanjeev Seenath II Looks At What is Bitcoin Mining?

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How did mining arise in Bitcoin?

The best way to create a context is to go back to Satoshi Nakamoto’s white paper which introduced bitcoin. In it, Satoshi wrote;

“By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.”

Since bitcoins are not printed, the only way they are created and added into circulation is through mining them. They are given as a reward to nodes on the Bitcoin network for using their computer resources to validate transactions before they are added onto the blockchain. Nakamoto carefully introduces the analogy of gold mining. You can understand this in the context that people who worked on this innovation then were very concerned about the effect of continuous printing of money by authorities (quantitative easing) on the value of fiat currencies. At that time, a number of people believed that gold was a better store of value.

When gold was a currency many years ago, the only way you could “print” more gold into the monetary system was to go and dig it off the ground. You had to invest in mining the gold. You had to work, and getting the gold out of the earth was some sort of proof that you worked to get it out (proof-of-work).

How does it work?

Remember that the genius of Bitcoin is that it invented the blockchain, a distributed ledger that does not require a trusted third party. It is a shared public ledger on which the entire Bitcoin network relies and where confirmed transactions are recorded. Wallets, where bitcoin balances are kept for the user, calculate their spendable balance from the ledger. In addition, new transactions can be verified to be not only spendable, but actually owned by the spender.

Also remember that Bitcoin is anchored on cryptography. All transactions on the network are grouped into a batch, called a block. Each block is timestamped and hashed. When a block is hashed, it is chained to previous blocks creating a chain of blocks added to the network.

As I noted above, just like the way gold was introduced into the economy centuries ago, bitcoins have to be mined. You have to do some work to get them. However, you don’t use picks and shovels. You just lend your computing power to the bitcoin network. The computing power is required to secure transactions that are recorded on the block chain.

Technically, it works this way: the mining hardware runs a cryptographic hash function on the header of the block (block header). The function is two rounds of SHA-256. For each new hash attempt, the mining software applies a different number as the random element of the block header. In Bitcoin parlance, such a number is referred as a nonce. The hashing process creates a hash – a long series of alphanumeric characters.

Each block must be discovered through hashing roughly every ten minutes. This is made possible through setting a difficulty target. The mining computer must find a hash below that target to create a valid block. So, assuming the difficulty target started with 10000………, then any number that starts with a zero would be useful and below the difficulty target.

The mining difficulty is adjusted by the network every 2016 blocks. This adjustment is based on the time it took to find and validate the previous 2016 blocks. Given that a rate of one block must be found every 10 minutes, 2016 blocks would take two weeks to find. In the event that the previous 2016 blocks took more than two weeks to find, the network reduces the mining difficulty, and vice-versa. The network’s difficulty target is self-adjusting to meet the desired validation of blocks every ten minutes. In short, the difficulty shows how much hard it is to generate a block compared to the genesis block.

In a simple way, the mining process goes as follows:

  1. Bundle transactions in a block
  2. Verify transactions to confirm their validity
  3. Select the header of the most recent block and insert it into the new block as a hash
  4. Solve the proof-of-work problem
  5. When the mathematical computation is solved, the new block is added to the local blockchain and propagated into the bitcoin network.

What are the rewards for mining?

In essence, mining bitcoins is like a lottery where you connect your mining hardware to the Bitcoin network and compete with everyone else’s, to earn bitcoins. If your hardware has faster and more processing power, it attempts more tries per second to win this lottery. It follows that to mine bitcoins, the cost of doing so is electricity and a computer. Miners are rewarded therefore for lending their computing power to the network. Mining computes the proof-of-work necessary to validate each block before its added to the blockchain.

Currently, miners get 12.5 bitcoins as reward for mining blocks, meaning that 12.5 bitcoins are created every ten minutes. This hasn’t always been the case, however. Nakamoto set the block reward schedule when he created Bitcoin. It is one of Bitcoin’s central rules and cannot be changed without consensus on the whole Bitcoin network. This means it needs unanimous consensus to change. When Bitcoin started in 2009, block reward for mining started at 50 bitcoins. The block reward is designed to halve every 210,000 blocks, implying that every block up until the 210,000thblock was rewarded with 50 bitcoins whereas the 210,001th block onwards got a reward of 25 Bitcoins, and so forth. Since blocks are mined on average every 10 minutes, 144 blocks are mined per day on average. At 144 blocks per day, 210,000 blocks take on average four years to mine.

Why is mining necessary on the network?

Recall that Bitcoin removes the necessity of trusted third parties such as banks. Bitcoin mining is a decentralized computation that serves two purposes, namely (i) issuing new bitcoins with each block validated and (ii) confirm transactions in a trustful manner by devoting enough computational power to validate transactions in a block.

Should you mine Bitcoins?

If you are an enthusiast of Bitcoin, yes. This is because you will be providing computing power towards the validation of transactions on the network. But a response to this question requires that we briefly look at the history and evolution of bitcoin mining.

When Bitcoin launched in 2009, there was very little interest in the project, especially outside the cryptography enthusiasts space. The early versions of the bitcoin system allowed anyone running the software to mine bitcoin on their computer’s CPU. Only a handful of people mined bitcoins, there was very little computing power on the network, hence, little mining competition. In the early days, most of the bitcoins were actually mined by Nakamoto who gave them away to other people to help test the bitcoin network. But as more and more people figured out the genius behind Bitcoin, they joined the network giving rise to an exponential growth in the computing power on the network.

Since the mining happened on a simple computer CPU, it wasn’t long before a miner discovered that mining could be adapted to use a video card (graphics processing unit – GPU), other than a CPU, since it is designed to compute complex mathematical solutions. This made it more efficient than a CPU. A video card however, also utilizes a lot of power. This led to an evolution creating very powerful computers more ideal for Bitcoin mining – largely driven by the desire for efficiency which balances electricity consumption and computing power for bitcoin rewards. GPUs were replaced by field programable gateway arrays (FPGAs), which were eventually outperformed in 2013 by new application specific integrated circuits (ASIC) miners. ASIC’s mining performance is superior, but chews a lot of power, and makes a lot of noise. It is this power consumption factor that plays a huge part in whether it’s worth engaging in mining bitcoins or not.

Bitcoin mining is unprofitable in many countries where power is expensive. In many cases, electricity costs and the outlay for the hardware now make it unprofitable to mine at home, unlike in the past. In addition, as new more powerful miners are introduced in the market, the old miners become inefficient to keep running, which pushes you to write off your hardware and buy new machines.

There is a new trend however called cloud mining. This enables people to invest in a mining operation without buying or hosting the hardware. The owners of such cloud mining services allow you to mine and earn bitcoin while paying a periodic fee for warehousing and electricity. This way you do not need to buy a mining machine, neither do you consume power – you just pay for both remotely. However, you must be careful which cloud mining pool you join because some unscrupulous people, especially in the network marketing space are selling all sort of bitcoin mining schemes that border on Ponzi and pyramid arrangements.

No doubt new innovations will come, as more powerful chips are made that are more efficient, so expect the landscape to keep changing.

The key takeaway

In fiat currency systems, governments simply print more money when they need to, sometimes ruining its value. The Zimbabwe dollar is a very good example. In bitcoin, however, money isn’t printed, but is discovered. Computers around the world compete with each other on the Bitcoin network to validate transaction blocks for a reward payable in bitcoins. How much reward is given at a specific point in time is hard-coded in the bitcoin protocol and isn’t a secret. It currently stands at 12.5 bitcoins every ten minutes. Mining therefore decentralizes the function of a central bank in issuing/printing currency and central clearing, replacing that with this global competition among computers.

 

BY Sanjeev Seenath  II

For more info visit https://www.behance.net/gallery/61560769/sanjeev-seenath-bike

 

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