Category: Speculative

Ethereum Burning Bright With Potential

Etymology Of Ether 

Borrowing from Old French, ether, from Latin aethēr (“the upper pure, bright air”), from Ancient Greek αἰθήρ (aithḗr, “upper air”), from αἴθω (aíthō, “I burn, shine”).

The scaling dispute within the Bitcoin community isn’t over and it’s caused a lot of concern over the future of Bitcoin, prompting many to transfer to Ethereum. Suddenly, many are waking up to the possibility that Ethereum could eventually overtake Bitcoin. Although that’s unlikely for the time being, let’s talk about the prospects of Ethereum.

  • Ethereum could receive support from activists, libertarians, the “alternative right”, and many groups who advocate for transparency and lack of censorship. For example, a popular right-leaning news outlet, Breitbart, published an article on Ethereum Project’s aim of a censorship resistant computer. The various decentralization aims of the Ethereum Project will attract support from a large variety of groups and entities with the same aims.
  • Ethereum was already considered undervalued, to begin with, and its price can be expected to rise as it’s potential is continually realized.
  • If Ethereum gains enough momentum, a lot of investors will flip from Bitcoin to Ethereum causing a dramatic shift. This phenomenon is referred to as “the flippening” and while it has not truly begun, Ethereum is already holding a steady price of $45-50.
  • The Enterprise Ethereum Alliance essentially guarantees a bright future for Ethereum, with Microsoft, Intel, JP Morgan Chase, and many other big companies involved.
  • In a DigixGlobal live stream, the speaker states in regard to Enterprise Ethereum, that “you will be blown away when you see the next group of members onboarding, it’s kinda the who’s who of planet Earth”.
  • It’s flexible, professional, has a face to its leadership, a lot of development, and an untarnished name.
  • Ethereum is already getting mainstream media attention calling it the “new Bitcoin”.
  • Dark Market implementation is likely if not inevitable. This will not tarnish its name as Bitcoin has already absorbed that stigma and that negative association will not as easily transfer or be stabled onto Ethereum as it was with Bitcoin.
  • There is an apparent inverse relationship between Bitcoin and Ethereum that helps Ethereum’s growth in the long-run.
  • Bitcoin is no longer seen as infallible. A paradigm shift has opened people’s eyes to the possibility of Bitcoin failing as the dominant cryptocurrency, which opens the door for Ethereum and other alternatives. The market shares are shifting a lot and Bitcoin is not as dominant as it once was. Bitcoin will remain on top for quite some time unless something dramatic happens but the potential for alt-coins is there.
  • Ethereum is the most popular blockchain technology for enterprise development.
  • Storj is only one of many that will switch to the Ethereum blockchain if things become increasingly slow and complicated with Bitcoin.

Ethereum could simply be the silver to the gold that is Bitcoin and the scaling debate may turn out to be a blip on the radar. However, the above is only a small list of things to be excited about and Ethereum has a lot of potential and great leadership. In the long-run, I believe Ethereum will outperform Bitcoin in terms of development and then ‘the flippening’ COULD begin. This may not necessarily mean that Ethereum’s price is higher than Bitcoin’s but that it is no longer seen as a mere alternative or that they are viewed on more of an even playing field.

 

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Trump & Bannon Are Right About The Media

There are countless examples that prove we cannot trust the notion of mainstream media as a non-partisan effort to objectively report the news. It is, therefore, important to question the motivations and biases of any given media institution and to never invoke a sense of incredulity. The following are just a handful of examples bolstering this truth.

Infiltration

In the 1950s, the Central Intelligence Agency allegedly began Operation Mockingbird in an attempt to manipulate news media to seed propaganda and fund various cultural and student groups as organization fronts. Details of this operation are scarce and inconclusive. However, the operation was verified in the declassified CIA “Family Jewels” document.

In 1977, Carl Bernstein, a former journalist of the Washington Post, reported about the Central Intelligence Agency’s infiltration of the media. Bernstein revealed that more than 400 journalists had become an asset of the CIA. CIA assets were in The New York Times, CBS, ABC, NBC, Reuters, Time Inc, the Associated Press, etc.

“Among the executives who lent their cooperation to the Agency were Williarn Paley of the Columbia Broadcasting System, Henry Luce of Tirne Inc., Arthur Hays Sulzberger of the New York Times, Barry Bingham Sr. of the LouisviIle Courier‑Journal, and James Copley of the Copley News Service. Other organizations which cooperated with the CIA include the American Broadcasting Company, the National Broadcasting Company, the Associated Press, United Press International, Reuters, Hearst Newspapers, Scripps‑Howard, Newsweek magazine, the Mutual Broadcasting System, the Miami Herald and the old Saturday Evening Post and New York Herald‑Tribune.” ( Carl Bernstein – The CIA and The Media

Politicization

In 2013, John Brennan became the director of the CIA under Barack Obama. In the same year, Jeff Bezos, the owner of Amazon, decided to buy the Washington Post. Later that year, Bezos secured a $600 million dollar contract with the CIA. This is an obvious conflict of interest and as many advocates of transparency and journalistic standards have requested, a disclaimer of this relationship should be provided.

In 2016, the Washington Post reported that a “secret CIA assessment” determined that Russia interfered with the 2016 Election in the hope of electing Donald Trump. This begged the question as to whether or not the CIA had become politicized under the leadership of John Brennan who has openly feuded with Trump on several occasions, especially considering that the narrative has dramatically shifted from the original assertion after statements from the Director of National Intelligence offered clarification. This is the perfect example of how a conflict of interest could create the potential for politicization.

Collusion 

In 2016, WikiLeaks revealed that numerous media outlets colluded with the Clinton campaign. Former U.S. Representative, Ron Paul, created a list that features those implicated in the media collusion.

Public Perception 

In 2016, Gallup revealed that American trust in media had fallen to an all-time low.

While it is clear Americans’ trust in the media has been eroding over time, the election campaign may be the reason that it has fallen so sharply this year. With many Republican leaders and conservative pundits saying Hillary Clinton has received overly positive media attention, while Donald Trump has been receiving unfair or negative attention, this may be the prime reason their relatively low trust in the media has evaporated even more. — Gallup

Through the ever-increasing access to information, even the average individual can determine fact from fiction. Reporting inaccurately, if not now, will sooner or later be equated to shooting one’s self in the foot, which is precisely what Buzzfeed and CNN did when they reported on Trump’s Dirty Dossier, a story that was obviously untrue, according to the Director of National Intelligence and according to common sense.

Conclusion 

The infiltration, politicization, collusion, and general recklessness of the mainstream media validates both Trump’s and Bannon’s assertions of media unfairness and bias. In fact, in regard to the infiltration of media, I found it unsurprising that Trump went straight to the CIA to put the media on blast. While to many, that made no sense, to those aware of the past relations between the media and CIA, it made perfect sense.

The media, as Steve Bannon stated, IS the opposition party. They are not accurately portraying reality and they’re doing a great injustice to the American people because perception informs reality and they are distorting that perception, thus distorting reality. This isn’t just about the leftist stranglehold over media, as Andrew Breitbart so brilliantly detailed in his 2011 book, Righteous Indignation, but about a much wider issue that transcends party affiliation.

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