[Hidden-tech] Crypto Group? Collaborative Project

[Tess Gadwa]

Thanks for the shoutout, Rich. I am still on the Hidden Tech list, lurking,
lurking...

I have a few thoughts about crypto and a good deal of experience in that
space, but they are bound to be contrarian.

#1) The main selling point at the moment is for its perceived
anti-inflationary properties. e.g. Bitcoin has an algorithmically fixed
supply -- it won't be affected in the same way by Biden printing more money
to fund a Coronavirus - slumped economy. Except that Ethereum is the
hottest property at the moment, and it is not a deflationary currency. It
does have some extremely interesting and valuable properties -- for
instance, enabling decentralized apps (or DAPPS) -- "smart contracts" that
execute automatically and are self-enforcing in any jurisdiction.

#2) Crypto is not a carbon-neutral technology. Newer innovations like
Holochain offer promise in this area, but for the Bitcoin blockchain and
other mined Proof-of-Work currencies, transactions carry a significantly
higher energy footprint than traditional fiat-based secure e-commerce. This
was the main reason I got out of the space .

#3) For those unaware, we have an unprecedented ransomware cyber-attack to
our energy infrastructure playing out right now, as hackers have shut down
Colonial Pipeline, which supplies much of the East Coast with gasoline from
Texas to New Jersey. This is expected to impact fuel prices and other
economic indicators nationwide, but the real question on my mind is whether
Biden and Congress will "fight back" by introducing legislation making it
more difficult to use Bitcoin -- the primary currency for ransomware. An
outright ban is unlikely, but even saber-rattling could cause a 20-30%
slump in the prices of leading coins.

With this in mind, I would say that while speculating in coin is fun and
easy, volatility has not gone away. I do not advise anyone investing a
significant portion of their assets in this space if they are unfamiliar
with it, especially because we are at the top of the market. Happy to
discuss further.

Cheers,
TG

--

Tess Gadwa

Product Architect
Lotus.fm <http://lotus.fm>

971-412-2493


On Sun, May 9, 2021 at 10:43 AM Rich at tnr via Hidden-discuss <
hidden-discuss at lists.hidden-tech.net> wrote:

> check in with Tess (founded  Yes computer in GF and moved to Portland) --
> she's done some work in blockchain and has some ideas,
> too detailed for me to try to repeat.
>
>
> If you don't have her contact I can dig it out.
>
> On 5/8/2021 12:49 PM, Rob Laporte via Hidden-discuss wrote:
>
> Hello again,
>
> Does anyone know of and/or want to form a blockchain/cryptocurrency group
> in this area?
>
> I'm also floating here an idea. Using skills I've developed over 25 years
> at my firm, I have made a system for vetting cryptocurrencies to invest in.
> It makes very efficient the process of scoring several key attributes
> according to underlying data provided by Messari.io and other resource
> websites. Even with efficiency, however, it takes time, and I imagine
> organizing a small group where each person tackles one of ~20 sectors.
>
> This is a personal project, and I’m not selling anything. In fact, I’m
> gladly giving away the fruits of a lot of labor on this system, in hopes
> that a group will use it, and no doubt improve it, to create mutual
> benefit.
>
> Take Care,
>
>
> Rob Laporte
>
> Chief Business Development Officer | Founder | Chairman
>
> DISC - Making Websites Make Money
>
> 413-584-6500
>
> rob at 2disc.com | LinkedIn <https://www.linkedin.com/in/2disc/> | 2DISC.com
> <https://www.2disc.com>
>
>
> *NOTE:* Emails can be blocked by spam filters throughout the web. If you
> don’t get a reply within an expected span of time, please call.
>
>
> _______________________________________________
> Hidden-discuss mailing list - home page: http://www.hidden-tech.netHidden-discuss@lists.hidden-tech.net
>
> You are receiving this because you are on the Hidden-Tech Discussion list.
> If you would like to change your list preferences, Go to the Members
> page on the Hidden Tech Web site.http://www.hidden-tech.net/members
>
> --
> Rich Roth
> CEO TnR Global
>
> Bio and personal blog: http://rizbang.com
> Building the really big sites:      http://www.tnrglobal.com
> Small/Soho business in the PV:        http://www.hidden-tech.net
> Places to meet for business:        http://www.meetmewhere.com
> And for Arts and relaxation:http://TarotMuertos.com - Artistic Tarot Deck
>    http://www.welovemuseums.com
>    http://www.artonmytv.com/
> Helping move the world:             http://www.earththrives.com
>
> _______________________________________________
> Hidden-discuss mailing list - home page: http://www.hidden-tech.net
> Hidden-discuss at lists.hidden-tech.net
>
> You are receiving this because you are on the Hidden-Tech Discussion list.
> If you would like to change your list preferences, Go to the Members
> page on the Hidden Tech Web site.
> http://www.hidden-tech.net/members
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.hidden-tech.net/pipermail/hidden-discuss/attachments/20210509/4a133709/attachment-0001.html>