The role of Bitcoins in the world monetary system – with Jason Hsu
We have Jason Hsu, one of the leader expert on the Crypto worlds. Jason co-founded KryptoGO USA, a Saas provider for affordable and lightweight KYC/AML solutions. Attended multiple accelerator programs – notably Berkeley Blockchain Xcelerator, Draper University, Plug N Play Tech Center, etc. He run also Bincentive’s user based from the ground up. Bincentive is an advanced auto.trading platform that offers trading bots, lowered barrier to entry on the crypto hedge funds, fixed income products, and DeFI/CeFI services.
Jason, first to speak about Bitcoins, tell us something about you
I started doing web development in college, just to see if this could become something I’d like to continue doing as a job. After I graduated from USC with a degree in computer science and business administration, I got to meet a lot of other dreamers like me who had a very solid business foundation. Some of them wanted to recruit me for their businesses and ventures, but I had my own ideas and I wasn’t very confident that I could execute them.
So I started going my own way. I got ideas of the costs , tools to work with, marketing budgets etc that a Saas provider in Canada was facing that served almost all of the US customers including startups and tech sector.
Then I pounced on the latest blockchain projects of the moment, met with seniors, went to multiple conferences, and met with the cofounder.
Throughout the pitching and fundraising , I realized that the most important varabilie is people. I met with many of those who have knowledge that is esoteric to me. I enjoyed interfacing with them even if there was no idea or business together.
We went through five accelerator programs. But I was spreading myself too thin by running 2 startups. I thought about joining the other side – joining venture capital or accelerator. At the time, I didn’t think about exchanges until BitMart reached out to me. Since then I’ve talked to several projects on a daily basis and provided the support they need to take their projects to the next stage.
Let’s start with the basics. If you had to define bitcoins, how would you explain them?
Bitcoins are an example of the invention of online scarcity. It’s something we don’t pay attention to in our everyday lives, even though scarcity is everywhere: if I have this table, you don’t. The online world doesn’t work like that. The online world doesn’t work like that: you own a file, but copies of that file can be produced at a negligible cost, and those copies can be owned by everyone. But this argument is not always profitable. Take for example the games, Risk or Monopoly, but also online platforms like Fortnite: these realities work only if they have limitations (only one territory, only one property, only one weapon), otherwise they are not fun. Creating online limitations is not easy, precisely because of the simplicity with which data can be replicated. Satoshi Nakamoto (the inventor of the cryptocurrency Bitcoin, ed.) did it though, and he did it by inventing scarcity.
How do you invent scarcity?
You get it by generating a registry that keeps track of who owns what (going back to the games, John has that sword, Mark that territory) and this registry, so far, has always been centralized. This solution works very well, and not for nothing is the same as the one used by banks, which must keep track of the passage of money between customers. The fact is that this system also poses problems.
Whoever owns the registry has enormous power, because he can modify its values, or is anyway subject to a high risk of attacks that can damage, delete or steal data. It was the same danger that Napster faced (file sharing program created by Shawn Fanning and Sean Parker and active from June 1999 until July 2001, ed) that, despite the distribution of information among users, had a unique registry that kept track of each path. Eventually, it was attacked, received a large fine and deflated like the phenomenon it was. Over the years, we’ve come to BitTorrent, a truly decentralized file sharing system. This can already teach us one thing: that centralized systems, when attacked, collapse, while decentralized ones survive.
So the more decentralization increases, the more security increases.
Exactly, there’s kind of a dialectic between decentralization and security. Decentralization protects information because of the fact that it can be copied, and therefore is not scarce.
How is this system related to the production of Bitcoin?
To explain it we have to take a step back: between 1990 and 2008 a series of experiments proliferated regarding the creation of a currency on the internet. Users felt the need to make online payments faster and more immediate, and banks (at first less, today more) could not meet this demand, given the long time it took even for a transfer. Many of these experiments have failed, others have been closed due to the intervention of central governments, since creating money is forbidden.
And how was it possible to produce a currency that could not be produced?
Because Satoshi Nakamoto invented and explained (in his White Paper) how to do it, and many people helped build this system. Think about that around 2009, Gavin Andreesen, chief programmer of Bitcoin, was invited to have a chat in the offices of the CIA. The agents had him explain how cryptocurrencies work, then asked him what would happen if they arrested him. And the answer was that basically nothing would happen. Andresen would remain in jail, but Bitcoins, which are open source software, would go on anyway.
Thanks to Jason, remember to follow him on Instagram
Hamza Fazal is a reporter for The Hear UP. After graduating from the University of Abbottabad, Hamza got an internship at the NPR and worked as a reporter and producer. Hamza has also worked as a reporter for the Medium. Hamza covers health and science for The Hear UP.
When Can You Sue For Getting Cancer?
Being diagnosed with cancer can be devastating and affect anyone at any age. Several factors, such as genetics and lifestyle, can cause it. However, cancer can also be caused by the negligence of others. In such an instance, you can sue the people responsible for causing your cancer and claim compensation for the diagnosis and any associated damages.
Determining when and who to sue for getting cancer can be a complex process. So, it’s a wise idea to hire a lawyer to get you through the process and get the compensation you deserve. The attorney can advise you on when, how, and whom to sue for getting cancer.
With that said, here’s when you can sue for getting cancer:
- Product Liability
You can sue for getting cancer from a defective product. For example, in one hair product cancer lawsuit, a claim was made that a hair straightening product was causing uterine cancer in women. The defects in the hair product increase the risk of developing uterine cancer for whoever uses it. If you think you’re in a similar situation, you can sue the manufacturers if a certain product increases your risk of developing cancer.
However, proving your case and claiming compensation can be challenging. In such a case, you must prove the defective product caused your cancer to sue the manufacturer or retailer. You’ll have to request tests on the products to prove the defect and the relationship to cancer development. The product defect has to have caused your cancer diagnosis directly. One example is when the product has excessive amounts of lead. You’ll need to hire experts or resort to government authorities to investigate the product to prove this. This way, you have a piece of solid evidence to sue the product manufacturer.
- Medical Negligence
Medical negligence is one of the most common reasons to sue for getting cancer. You could sue for medical malpractice if the doctors, healthcare facility, hospital, or other medical professionals failed to offer the standard of care causing your cancer diagnosis. For example, if the doctor failed to order necessary tests or misdiagnosed your case resulting in cancer progression, you can sue for medical negligence.
To successfully sue for medical negligence, you must prove that the medical practitioner’s actions directly caused your cancer diagnosis. You must also show that you suffered damage because of the negligent actions of the medical practitioner. By doing so, you can claim compensation for treatment of progressing cancer, lost wages if you cannot work, and pain and suffering.
- Environmental Factors
Exposure to environmental pollutants and toxins is a common risk factor for cancer. Prolonged exposure to asbestos at the workplace, radiation, and other chemicals can increase cancer risk. If you can prove your cancer was caused by exposure to a certain environmental toxin like asbestos, consider suing the company or entity responsible for the pollutants.
Suppose a company’s activities produce excessive radiation that affects the population in a specific area and results in cancer. In that case, you can sue that company for exposing you to toxins that caused the development of your cancer.
Like the previous points, you must prove your cancer was directly caused by a specific substance you were exposed to. You’ll also have to show that the exposure was from the negligence of the company or entity you’re suing. Another aspect you must consider is the entity’s knowledge of the potential risks of exposing people to the toxin or substance. Since you’ll also claim that the company or entity was negligent, expose their bad practices that contributed to the development of your cancer.
Additionally, working in a hazardous environment may expose you to substances or toxins that can increase your cancer risk. For instance, if you’re a construction worker with constant exposure to asbestos, you’ll be at risk of developing cancer. Working as a firefighter can also expose you to asbestos and other carcinogenic substances that cause cancer.
You can sue your employer for getting cancer while working in a hazardous environment. To be successful, you must prove the cancer was caused directly by exposure to a specific chemical or substance at the workplace or in the line of duty. For example, getting cancer from asbestos exposure at a construction site.
In such a suit, you’ll claim compensation for the medical expenses covering the diagnosis and treatment, lost wages, damages for the pain and suffering caused to you and your family, and other associated costs.
Conclusion Getting a cancer diagnosis because of someone else’s negligence can be traumatizing and devastating. However, you can get a little relief through compensation for the medical expenses and other related damages, such as pain and suffering. The process of suing for getting cancer can be complicated, and it’d be best to hire an experienced lawyer to handle the litigation process. An attorney can also advise on the available legal options available and the compensation to seek.
Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]