Rekt Tech

I was first introduced to Tim Draper at a cryptocurrency conference, cis la 2019, where he opened it with a Skype keynote. Anyone that could do a virtual keynote I knew had to be pretty important so I definitely took note and looked him up. As the speech went on, it was compelling to hear his thoughts on dApps and smart contracts, and how they would represent a meaningful change for lawyers, accountants, and other professions that would have to pivot, in a big way, or risk losing out to automation.

Cryptojacking browsers is getting increasingly more sophisticated and the newest bug is able to escape even the windows task manager. This is a problem because at this point you'll either have to enter safe mode or completely reinstall windows, an enormous headache. Remember to keep updating your antivirus software, the really only line of defense that individual users have from disabling cryptojacking efforts. The incentivization of being able to mine Monero blocks by doing some black hat techniques is too high and many talented blackhat coders are taking the easy route to ensuring their financial futures.

Due to the abundance of questions, I went ahead and put together a primer on decentralized applications, smart contracts, and solidity based blockchain platforms like Ethereum and Tron. Seldom do people fully realize the potential that smart contracts have to be a game-changer across just about every business sector. In this short, free ebook I put some thoughts together that are for the consideration that you may have concerning the future of this space. Bet against smart contracts are at your own peril!

I’ve fielded a lot of questions about Auger over the last few months and, as it's my most popular video, I thought I would follow up with something at the three-month mark. I'm sad to say that v2, that was much heralded as the saving grace of Auger, is still slow to be implemented and the invalid market issue is still a problem. There are some incredibly smart developers that are devoting their time and resources to seeing this project through but still many question marks linger and hopefully will be addressed to the community’s satisfaction sooner rather than later.

There will be a lot of eyes watching David Marcus to see how he does against grandstanding politicians that want to use Facebook’s Libra coin as a proxy to rail against cryptocurrencies as a whole. It’ll definitely be must see C-Span!

I’ve heard so many interesting things about the BitPay wallet and the network of many thousands of merchants that use it to process their crypto transactions. It is good but not without its difficulties.

With all of the interests that have been building in a groundswell of unity against Libra and Facebook, it’s of a little surprise that Congress issued a moratorium decree against it here in the last 48 hours. There are some very powerful interests that want to see Libra snuffed out and will exercise all of their resources to ensure that this is exactly what happens sooner rather than later.

There’s been a lot of backlash against libra and this very likely was not the reception that Zuckerberg and Facebook had originally hoped for.

The trading opportunities are immense and heavily stacked in the favor of traders to leverage up their positions so now that institutional money is no longer just dipping in their toe, but it’s starting to get in in a really meaningful way, you’ll see a continuation in the high volume of crypto trading. It certainly is an asset of value but many are simply using it as an exceptional trading vehicle.

Ethereum has seen a lot of spikes By virtue of price instability and crypto kitties and a number of different factors. Yesterday we did see a return to the first time that Ethereum hit 1 million transactions in a day since 2018 in the beginning of the year. A lot of people are concerned and possibly even frustrated about the fees required to send transactions through the block chain but so much of the web architecture is based on ERC-20 tokens that I believe it is here for a long period time.