While we were talking I received a number of big votes on the funding proposal I have on the DHR for which I’m hugely grateful. Those put me passed the return proposal and a few minutes after the end, another one of the whales tipped me above the DHF buy back so the Podping proposal is now funded. Feel free to vote on it if you still haven’t.

The point of the funding proposal is not just about money: I’ve detailed what I’m going to do with that and almost all of it is staying on Hive and much of it will be powered up. The other thing it does is showcase to a non Hive audience of developers and influential people in the Podcast industry, that Hive supports this project and that is hugely valuable.

Clips:

Brian has 8m Hive… and all about Dave buying and powering up Hive on Blocktrades.

Vitalik Buterin talking about discovering Podcasts during Corona lockdown.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.

Google is eating everybody else’s lunch. The share of Advertising revenue that Google passes back to the content owners whose content their entire business is built on the back of, has steadily gone down. This was deliberate and they knew what they were doing.

That graph is explained in the following footnote and you can read more about the paper from which it is taken at this link:

In Google’s annual 10-K SEC filings, Google breaks down its advertising revenue as going to “Google properties” or “web sites of Google Network members.” The term “Google Network members” refers to non-Google websites on which Google places advertising. In its 2017 10-K, Google explains that it generally accounts for third-party revenue on a gross basis: “For ads placed on Google Network Members’ properties, we evaluate whether we are the principal (i.e., report revenues on a gross basis) or agent (i.e., report revenues on a net ba- sis). Generally, we report advertising revenues for ads placed on Google Net- work Members’ properties on a gross basis, that is, the amounts billed to our customers are recorded as revenues, and amounts paid to Google Network Members are recorded as cost of revenues. Where we are the principal, we control the advertising inventory before it is transferred to our customers. Our control is evidenced by our sole ability to monetize the advertising inventory before it is transferred to our customers, and is further supported by us being primarily responsible to our customers and having a level of discretion in establishing pricing.” In 2004, Google buying tools allocated approximately 50% of advertising revenue to Google’s proprietary properties, such as Search, and the other 50% to non-Google websites selling their ads through Google’s buying tools and advertising exchange. Google Inc., Annual Report (Form 10-K) (Mar. 30, 2005), https://perma.cc/5A4Y-8EY4. It was in 2006 that Google acquired YouTube. An- drew Ross Sorkin & Jeremy W. Peters, Google to Acquire YouTube for $1.65 Billion, N.Y. TIMES (Oct. 9, 2006), https://perma.cc/5TG8-8BVE. In 2005, Google’s share of advertising revenue increased to, approximately, 55%; 2006, 60%; 2007, 65%; 2008, 68%; 2009, 68%; 2010, 68%; 2011, 71%; 2012, 71%; 2013, 73%; 2014, 75%; 2015, 77%; 2016, 80%; 2017, 81%, 2018, 82%; 2019, 84%. Google Inc., Annual Report (Form 10-K) (Mar. 16, 2006), https://perma.cc/Y272-BRAP; Google Inc., Annual Report (Form 10-K) (Mar. 1, 2007), https://perma.cc/H4ZJ-FL7B; Google Inc., Annual Report (Form 10-K) (Feb. 15, 2008), https://perma.cc/W6FU-AA2T; Google Inc., Annual Report (Form 10-K) (Feb. 13, 2009), https://perma.cc/5PZY-UZS5; Google Inc., Annual Report (Form 10-K) (Feb. 12, 2010), https://perma.cc/7B6E- REEV; Google Inc., Annual Report (Form 10-K) (Feb. 12, 2011), https://perma.cc/9ZKX-XPKL; Google Inc., Annual Report (Form 10-K) (Apr. 23, 2012), https://perma.cc/YS3R-TLE4; Google Inc., Annual Report (Form 10-K) (Jan. 29, 2013), https://perma.cc/3W45-M9R9; Google Inc., Annual Report (Form 10-K) (Feb. 11, 2014), https://perma.cc/79A2-6TCT; Google Inc., Annual Report (Form 10-K) (Feb. 6, 2015), https://perma.cc/7DJZ-FD8S; Google Inc., Annual Report (Form 10-K) (Feb. 11, 2016) https://perma.cc/EU2M-T6QC; Alphabet Inc., Annual Report (Form 10-K) (Feb. 2, 2017), https://perma.cc/4QKP-UUZJ; Alphabet Inc., Annual Report (Form 10-K) (Feb. 5, 2018), https://perma.cc/22HL-SSSP; Alphabet Inc., Annual Report (Form 10-K) (Feb. 4, 2019), https://perma.cc/ELZ2-AC93; Alphabet Inc., Annual Report (Form 10-K) (Feb. 3, 2020), https://perma.cc/RWE8- 27PB.

Once again I’m explaining why 3speak.online is different and why I’m posting my material there instead of YouTube. One announcement: on the 6th of October I’ll have $50 to hand out for great comments on my videos. This is rotating promotion from 3speak giving me the power of their account to award upvotes on comments. I’ll be upvoting comments left within the last week on 6th October!

Here’s another little bonus that won’t make it as a full podcast on its own: I flew around Beit Shemesh the other day and talked about Pewdiepie and the ADL.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.

You can join the fight against the Tech Goliaths in two ways, you have a no win no fee claim or you wish to help finance the case.

Please join the case if you held crypto and have a claim.

You can directly contribute crypto on Fundition. To send fiat currency via PayPal click here. If you want to talk about a large donation, Telegram or email me.

I have written, over on a Web 3.0 Travel Site called Travelfeed, a review of the HT6 Boutique hotel I stayed at in Rome (HT6 is really the name of the hotel). It ranks amongst the highest in Rome I’d say! Travelfeed is another site based on the Steem blockchain. That makes it de-centralised: the database of information into which my post goes is stored on multiple computers owned by many different people.

Unlike writing a review on TripAdvisor, when people like and share my review, I am rewarded with a small amount of the cryptocurrency Steem. That’s easily exchangeable for real money if I want. Here’s the start of the review:

I’ve just finished a four night stay in Rome at the HT6 Boutique Hotel in Rome with my two kids and my parents. I found this hotel on Hotels.com and reserved the rooms without a cancelation penalty.

The hotel has around 30 rooms and is located in the heart of Rome’s Jewish Quarter and right next to the impressive Rome Synagogue. The hotel is about 100m from a security barrier so technically taxis can’t drive right up to the door. On arrival in a big minibus for 6 people, the Italian Military Police (Carabinieri) allowed us to drive right up to the door. When we left, the bell boys carried our luggage out for us.

Travelfeed.io Read the rest.

There’s also been a huge amount of work done and progress made on our Crypto Class Action against the Tech Goliaths, but not all of it can be spoken of yet.

And here’s my latest video, a quick edit of drone footage (done on my phone, not my proper editing software on the computer.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.

You can join the fight against the Tech Goliaths in two ways, you have a no win no fee claim or you wish to help finance the case.

Please join the case if you held crypto and have a claim.

You can directly contribute crypto on Fundition. To send fiat currency via PayPal click here. If you want to talk about a large donation, Telegram or email me.

I’ve been running @jpbliberty‘s Class Action Lawsuit against Facebook, Google and Twitter’s Crypto Ad Ban for over a year now.

The one objection I hear most, including from people in the Crypto Industry itself, is: “But there were so many scams”. I’ve heard people saying that over 80% of Initial Coin Offerings (ICOs) were scams.

Well ITS A BIG LIE!

And one that was used by Facebook etc to cover their own illegal conduct.

I’ve done a detailed investigation of this issue and found that the level of scams in late 2017 / early 2018 was quite low and most Crypto Projects and actual ICOs were legitimate.

The allegation that most Crypto Industry projects were scams and billions were lost in ICO scams is patently false and lacking in any real evidence. ICOs were just a new way of startups raising money from private investors which has gone on since the dawn of investing.

It is mostly just 3rd hand hearsay and trolling of competing projects. The number and value of actual scams compared to the size of the crypto industry is small.

Official Government Statistics on Scams

The Australian consumer regulator (ACCC) did a detailed study of scams in 2018 and put out an official government report.

This is what the report finds:

• Out of $489M in scam losses only a tiny percentage (1.25%; $6.1M) related to cryptocurrency in any way.
• Of that 2/3rd were just other scams asking to be paid in cryptocurrency. Cryptocurrency investment scam losses were less than half a percent of total losses ($2.1).
• Most of those were just impersonating cryptocurrency projects. Twice as much losses were from scams impersonated the Australian Tax Office!

I have not been able to find a single example on the ACCC’s scamwatch site of an actual cryptocurrency project ICO which was a scam.

Compared to the size of the Crypocurrency Industry, even in Australia, the percentage of scams is very low.

Huge numbers of legitimate Crypto projects

This is an amazing infographic (source) showing a huge number of legitimate cryptocurrency projects competing with the existing tech players in every area. I did not put this together, but have looked into many of the projects listed and have not found a single scam.

Big Lie comes from one flawed report

Tellingly for a Big Lie, all the news allegations about a very high percentage of ICOs being scams can be traced back to a single flawed report by a group called Statis.

I don’t know who they are and they have no official status. But under the terms of their own report they classified Reddit posts about an ICO that other people said was a scam as an ICO scam. They also admit the vast majority of money lost on so called ICO scams was in just 3 scams. Thus they vastly inflated both the number of ICOs and the number of scams based unverified, defamatory hearsay and trolling. Anyone can say another project is a scam. It doesn’t make it so.

Failed projects are not scams. 95% of all tech startups in all areas will fail. That is the nature of innovation and capitalism.

And I’m not the only one calling out the vast overuse of the word “scam” in the Crypto Industry. Here is Naomi Brockwell (@skycorridors on Steem) on the topic with a follow up video here.

Technical requirements make real ICO scams rare

An ICO in late 2017 / early 2018 required smart contracts to be set up on the Ethereum (or other) blockchain. A simple Reddit post does not constitute an ICO. And other people calling it a scam on social media doesn’t make it one. The level of unjustified and defamatory attacks on other projects in the Crypto Industry is high. It is not evidence of a real scam.

The technical requirements for actually sending money to an ICO and receiving ICO tokens during late 2017 & early 2018 were pretty high and certainly not for naive investors.

1. Having purchased or mined Ethereum (ETH);
2. Sending the ETH to your own cryptocurrency wallet;
3. Sending ETH from your own wallet to the ICO wallet.

No one without a decent understanding of Crypto could even work out how to do this! So the people who lost money in real ICO scams knew about crypto in detail and were, in that sense, experienced investors.

I note here that because of the very large amounts of money which early crypto true believers made and were looking to reinvest, the huge numbers of projects available to invest in, and the practical limitations on individual investor’s time, the strategy of just putting some money in everything your heard of, without doing due diligence, was a legitimate investment strategy.

Yes, you might lose some money to scams, but it made sure you had money early in the projects which would be hugely successful and make up for all the other failed and (few) scam projects. This is the essence of the entire venture capital business model. If you want a safer investment, invest in companies that are regulated and on the stock market Enron or Bear Stearns (oh… wait..)

So this is the BIG LIE which Facebook used to cover its own illegal banning of all crypto industry ads on 30 Jan 2018.

You can join the fight against the Tech Goliaths in two ways, you have a no win no fee claim or you wish to help finance the case.

Please join the case if you held crypto and have a claim.

You can directly contribute crypto on Fundition. To send fiat currency via PayPal click here. If you want to talk about a large donation, Telegram or email me.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.

At the end of the show I paraphrased the end of the Gathering Storm by Winston Churchill. Here’s the full quote I was recalling from memory:

But I cannot conceal from the reader of this truthful account that as I went to bed at about 3 A.M., I was conscious of a profound sense of relief. At last I had the authority to give directions over the whole scene. I felt as if I were walking with Destiny, and that all my past life had been but a preparation for this hour and for this trial. Eleven years in the political wilderness had freed me from ordinary party antagonisms. My warnings over the last six years had been so numerous, so detailed, and were now so terribly vindicated, that no one could gainsay me. I could not be reproached either for making the war or with want of preparation for it. I thought I knew a good deal about it all, and I was sure I should not fail. Therefore, although impatient for the morning, I slept soundly and had no need for cheering dreams. Facts are better than dreams.

The Gathering Storm by Winston Churchill

You can join the fight against the Tech Goliaths in two ways, you have a no win no fee claim or you wish to help finance the case.

Please join the case if you held crypto and have a claim.

You can directly contribute crypto on Fundition. To send fiat currency via PayPal click here. If you want to talk about a large donation, Telegram or email me.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.

Unfortunately, and this is something I’ve always struggled with because of the naming convention my friend used, I probably inverted Mundia and Modia in the explanation! Mundia is the real physical world, Modia is the world of interpersonal relationships between people. I don’t really like his terms, which is why I explained them at the beginning! I’m more Mundian than Modian. I suspect that what makes Trump so interesting is his ability to excel in both Modian and Mundian worlds.

The Sargon of Akkad video I mention is here on BitChute.

There’s also a short little explanation of what it is to be an Indigenous Jew in Israel… because I got some comments while I was filming this live.

You can join the fight against the Tech Goliaths in two ways, you have a no win no fee claim or you wish to help finance the case.

Please join the case if you held crypto and have a claim.

You can directly contribute crypto on Fundition. To send fiat currency via PayPal click here. If you want to talk about a large donation, Telegram or email me.

If you want more information or you want to help fund JPB Liberty’s law suit you can read more here and if you want to directly contribute to the funding, please get in touch with me, Telegram is a good way. If you want to contribute now and especially if you’re on Steem, take a look at the project’s Fundition page.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.

This is the extract from the Libra White Paper I read:

As we embark on this journey together, we think it is important to share our beliefs to align the community and ecosystem we intend to spark around this initiative:

• We believe that many more people should have access to financial services and to cheap capital.
• We believe that people have an inherent right to control the fruit of their legal labor.
• We believe that global, open, instant, and low-cost movement of money will create immense economic opportunity and more commerce across the world.
• We believe that people will increasingly trust decentralized forms of governance.
• We believe that a global currency and financial infrastructure should be designed and governed as a public good.
• We believe that we all have a responsibility to help advance financial inclusion, support ethical actors, and continuously uphold the integrity of the ecosystem.

Which is to say I don’t trust Facebook with anything.

The conclusion of this post is join our law suit in Australia either helping to fund the legal fees (with a chance of a return on your donation) or sign up as a no-win no-fee class member in line for cash when we beat Facebook in court!

Facebook went full facist this week banning more overwhelmingly conservative voices. I lost my account back in the Tommy Robinson purge over a month ago. My Brian of London Page was deleted while I was in London last week. I don’t want Facebook controlled or regulated, I want Facebook destroyed. I don’t believe regulation, even along the lines Will Chamberlain eloquently lays out, within the framework of the USA’s 1st Amendment, will work.

I want Facebook destroyed. Raheem Kassam gets it, also at Human Events:

This is a civil rights issue, and I do not say it with a semblance of hyperbole.

What is happening to conservatives or nationalists is as important as what happened to Soviet-era dissidents.

Book ‘burning’ is already a thing.

The gulags do not follow far behind.

Bret Stephens in the New York Times (in a condescending piece as usual making clear to denounce those whose free speech he’s begrudgingly defending) has one bright paragraph:

The deeper problem is the overwhelming concentration of technical, financial and moral power in the hands of people who lack the training, experience, wisdom, trustworthiness, humility and incentives to exercise that power responsibly.

Put simply Facebook and Google are individually and jointly too powerful to be run by those accidentally chosen to be running them. Arguably there isn’t a method of governance known to man which could safely control such power.

There are now a number of very credible reports that Facebook is gearing up to launch its own crypto currency for people to use within Facebook’s walled garden. You’ll be able to “buy” into Facebook’s own currency then send and receive crypto money with friends and, I’m sure, buy goods and services from hungry vendors.

A Wall Street Journal report says Facebook is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system with each staking up to US$1B. If the company can convince five partners to join them that would make Facebook’s coin one of the five most valuable coins by market capitalisation instantly based on current valuations.

Facebook has a team of about 50 boffins working on the project which is housed in a secured wing at Facebook HQ according to reports.

All the while, Facebook will take a cut of all transactions: 1% 2% or more. We don’t know their fee structure: they’ll be competing with the entire global credit card and payment processing industry and cracking the legs out from under giants like PayPal and their younger competitors. They’ll enter the field with gigantic scale. And I and many other wrong thinking people are ideologically banned from this field of commerce before it even exists.

But what’s really interesting is only one year ago, Facebook declared almost any business considering using the same technology that underlies their crypto-currency (the “blockchain”) is likely to be a scam business and too dangerous to be allowed to advertise on Facebook. Google imposed an identical ban at roughly the same time.

Just so you understand the difference though, I can send and receive Steem to anyone for FREE. No FEES. Facebook will be charging fees somewhere for sure. That’s a feature of crypto currencies but it’s the one Facebook will exploit to make money from you. They’ve already had years selling your private information and your posts, now they want real cash from you.

Facebook is too dangerous to exist: it is the culmination of a century of dreams by totalitarian dictator musing on how to better spy on and control their populations. That so many willingly submit their most private thoughts to this monster in return for its “features” is a shame of our civilisation.

Help us take down Facebook. Join our law suit in Australia either helping to fund the legal fees (with a chance of a return on your donation) or sign up as a no-win no-fee class member in line for cash when we beat Facebook in court!.

If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.