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Binary Options Recovery: Scammed Traders, Fake Brokers, and Funds Recovery

Binary Options Recovery: Scammed Traders, Fake Brokers, and Funds Recovery
Following the “permanent temporary” measures against binary options and CFDs (contract for difference), the body in charge implements its own set of limitations that simply forbids regulated houses to offer such product in the UK, hence increasing the risk of pushing retails traders towards illegal brokers and outright scams. Fortunately, a new solution is now available to UK traders via a new United Kingdom Financial regulatory ruling.
More scrutiny from UK banks about financial transactions, even to binary optionsIn short, banks will have to take more responsibility about the financial transactions they facilitate. This new ruling should lead to the creation of a new code of conduct that will help defrauded people to have their funds recovered by their bank, unless it is proven they acted recklessly.
As a popular Financial blog puts, it, “It is likely that should a bank or credit card company be either impersonated by a fraudster in order to gain money, or trick a client into depositing, and the bank allows the transfer, a client will be able to take recourse.
The broad protection should kick for many online scheme and scams, whether it is fake investment companies, fraudulent binary options brokers or those scammers who promise to help you recover your stolen funds…only to steal from you once again. On the other hands, it means the banks will be more likely to forbid transactions to legit businesses, such as reputable cryptocurrency exchanges or honest smart options platforms.
The regulating bodies and financial institutions are taking a number of measures to prevent financial fraud. Binary options trading, in particular, is being controlled with a greater degree of robustness to protect the unwary general public being drawn into a situation where they suffer financial losses. Many hundreds of people around the world are targeted each day.
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Frequently they are novice investors who are unfamiliar with the markets and do not recognize that the so-called trading platform and its way of working are actually bogus. The individual only realizes the extent of the fraud when eventually when the fraudsters finally decide that there is no more money to be had and shut down the account and promptly vanish without trace.
Spotting Fraudulent Binary Options Broker
Some lawyers in the financial fraud division are very familiar with the pattern of behaviour demonstrated by the fraudulent brokers and the distress caused by their dealings with inexperienced investors. There is a track of record of recovery in relation to financial fraud and has a number of strategies and tactics to compel the fraudulent broker or associated financial service providers to restore funds to those who have been deceived.
Needless to say, the fraudsters are accomplished at hiding their tracks and frequently there are myriad inter-connected limited liability companies, often some are registered in different countries, with some dormant and some active. It is hardly surprising if the complexity of the situation results in a failure to discover a single person who can be challenged and held accountable.
However, there are various channels financial fraud lawyers use when attempting to retrieve money for clients and each avenue is investigated. Whilst an individual may be alarmed and confused at the prospect of navigating through the complex structures that have been deliberately set up to confuse, Financial fraud lawyers are usually quite familiar with strategies fraudsters use, and frequently can steer a course to the recovery of some or all of the lost money.
https://preview.redd.it/daa505b3ecf51.jpg?width=600&format=pjpg&auto=webp&s=b27aa7697b0bf1afbd238964166ce40c693db2e3
The step of last resort, legal action, is understandably daunting for a person who often has lost significant amounts of money to the fraudulent brokers. It is fully understandable that such a situation will leave the victim decidedly risk-averse. There have been experiences with class actions against the fraudulent brokers and has developed links with litigation funding organizations in order to offset the risk in respect of class actions.
The lessons that can be drawn from the experiences of those individuals who have had the misfortune of losing their investments to fraudsters are to be extremely cautious. Always consider every offer or investment for at least 48 hours before making a decision, a genuine broker will understand the caution that a new investor will view a proposition.
All investments carry a risk and anything that promises a return on your initial investment seems to be significantly higher than normal it is almost certainly not to be trusted. Do not allow yourself to be hurried into a decision, it is highly unlikely that an authentic broker would try to rush you into an investment, especially if you demonstrated reluctance; their reputation would suffer by such behaviour.
You can now recover all money lost to bitcoin, binary options, cryptocurrency, investment, scam by hiring any one of these Verified Wealth Recovery Experts.
To recover money lost to binary options, forex, bitcoins, cryptocurrency, and investment, get all the information you need here; https://bitcoinbinaryoptionsreview.com/binary-options-uk-scammed-traders-fake-brokers-and-funds-recovery/
submitted by sinenyoku to u/sinenyoku [link] [comments]

[OWL WATCH] AMA's SUMMARY

Disclaimer: This is my arbitrary summary for myself, so there could be some misunderstandings.
If you want the full picture, I recommend reading the full thread.
But, for a guy who just settles with 'less than perfect' summary, why not sharing my own?


Billy-IF
All the key research questions in coordicide have been answered. The challenges lying are implementing and testing our solution. We are implementing our solution into the Pollen Testnet and typing it up into our research specifications**(the specifications, while not complete, will hopefully be made publicly available soon).**
**After these tasks are done, our solution will go through a rigorous testing phase.**During this time, we will collect performance data, look for attack vectors, and tune the parameters.

domsch
the only way for IOTA and crypto-currencies in general to be adopted is via clear and strong regulatory guidelines and frameworks.
We often have the situation where a company reaches out to us and wants to use the IOTA token, but they are simply not able to due to uncertainties in regards to taxes, accounting, legal and regulatory questions.
The EU is taking a great stance with their new proposal (called MICA) to provide exactly this type of regulatory clarity and guidance we need. So we are very happy about that and see this as a great development for the adoption of IOTA.
We are very active in INATBA (in fact Julie is still on the board), are in the Executive Committee of the Digital Chamber of Commerce (https://digitalchamber.org) and are actively working with other regulatory bodies around the world. I think that especially in 2021, we will be much more pro-active with our outreach and efforts to push for more regulatory guidance (for the IOTA Token, for Tokenization, Smart Contracts, etc.). We are already talking with companies to start case studies around what it means to use the IOTA token - so that will be exciting.

domsch
actual product development, will really help us to convince regulators and lawmakers of what IOTA is intended for and where its potential lies.

DavidSonstebo
We are actively participating in regulatory matters via entities such as INATBA, as well as with local regulators in individual countries to help shape regulations to favor the adoption of crypto.
once the use cases can display real-world value, then deployments will happen regardless.

serguei_popov
"The multiverse" is quite an ingenious and promising idea that has many components. Actually, quite some of those are being incorporated to the Coordicide already now. The most "controversial" part, though, is the pure on-Tangle voting -- Hans thinks it should work fine while I think that it can be attacked

Billy-IF
Several of our modules have been devloped jointly with researchers in academia. For example, our rate control module is being developed jointly with professor Robert Shorten **and his team at Imperial College. Moreover,**our team has published several papers in peer reviewed journals and conference proceedings,
We are also making sure the entire protocol is audited. First, we have a grant given to Professor Mauro Conti specifcally to vet our solution.
you may hear an announcement regarding a similar grant to a second university.Second, eventually will offer bug bounties on our testnet. Lastly, we will hire some firm to audit our software and our protocol.

domsch
I would say that the entire enterprise and also the broader crypto-community is certainly actively following our developments around Coordicide**.**
Once that is removed, and with the introduction of Tokenization and Smart Contracts as Layer 2 solutions, there is no reason not to switch to IOTA.
there are probably even more who will reach out once we've achieved our objective of being production ready.

serguei_popov
Our objective is to have Honey ready within the first half of 2021.
we are very confident that Coordicide will happen in time.

Billy-IF
For Chrysalis, we will implement a deposit system. In order for an address to receive dust (which will be explicitly defined as any output with value less than a certain threshold), that address must already have a minimum balance (either 1 MIota or 1 KIota). The total ordering in conflict white flag makes this solution incredibly easy to implement.
this solution in the Coordicide needs alterations, because of the lack of total ordering.

HusQy_IOTA
Sharding is part of IOTA 3.0 and currently still in research.
there are of course some hard questions that need to be answered but we are pretty confident that these questions can and will be answered.

Billy-IF
**Having these layers helps keep the protocol modular and organized.****Indeed,****it is important to be able to track dependencies between the modules, particularly for standardization purposes.As your question suggests, a key component of standardization is the ability to update the standard(no living protocol is completely static).**Standardization will be accompanied by a versioning system, which tracks backwards compatibility.

Billy-IF
Well, let me try to clear these things up.
-The congestion control mechanisms are indifferent to the types of messages in the tangle. Thus non-value transactions (data messages) will be processed in the same way as value transactions (value messages). Thus, in times of congestion, a node will require mana in order to issue either of them.
-You will not need mana to simply “set up a node” and monitor the tangle.
However, in order to send transactions (or issue any messages) you will need mana in times of congestion.

IF_Dave
**The next big one is next month:**Odyssey Momentum; This is a huge multi-day DLT focussed hackathon with a lot of teams and big companies/governments involved working on solutions for the future. The IOTA Foundation is a Ecosystem member of Odyssey and we will be virtually present during the hackathon to help and guide teams working with IOTA.

Billy-IF
Coordicide will not fail. We are working very carefully to make sure that coordicide is a success, and we will not launch Iota 2.0 until it has gone through the proper testing.

domsch
Everyone internally and also our partners are very confident in the path that we've defined. Failure is not an option for us :)

HusQy_IOTA
We will most probably see a slight delay and see Nectar early 2021 instead.

DavidSonstebo
No, IF is not running out of money, this narrative has been repeated for 3 years now, yet we're still operating. Of course, bear markets impact our theoretical runway, but The IOTA Foundation is hard at work at diversifying revenue streams so that we become less and less dependent on the token holdings.

IF_Dave
We are constantly working on getting more exchanges to list IOTA, we however do not pay for listings
Some exchanges require a standard signature scheme
with the introduction of ed25519 in Chrysalis phase 2 that will be introduced and no longer be a restriction.

HusQy_IOTA
Being feeless is one of the most important aspects here since a new technology usually only gets adopted if it is either better or easier to use than existing solutions.
if it enables new use cases that would be completely impossible with the existing infrastructure. That is the single biggest reason why I think that IOTA will prevail.
An example for such a "new" use case is the Kupcrush use case presented by Terry

domsch
there are so many amazing use cases enabled with IOTA
I would say that****the most specific use cases which gets me really excited is conditional access control based on IOTA payments - in particular for the sharing economy.
IOTA Access + IOTA tokens really enable so many exciting new possibilities.

Billy-IF
In fact, with coordicide research coming to an end, we have already started to look into sharding**.**Indeed, sharding will provide the scalability needed to handle the demands of an IoT enabled world.

Billy-IF
We have designed Iota 2.0 to not have large concentrations of power. Unlike PoS systems, Iota will not be a block chain and thus will not be limited by a leader election process.
in a DAG, people can information in parallel, and so nodes with small amounts of mana can create messages at the same time with large mana holders.

Billy-IF
**In any DLT, "voting" needs a sybil protection system, and thus "voting power" is linked to some scarce resource.****Typically the allocation of any resource follows some sort of Zipf distribution, meaning that some people will have a lot, and others not.**The best we can do is to make sure that the little guys get their fair share of voting power.

HusQy_IOTA
With Chrysalis and coordicide we are finally moving to being production ready which will most probably also lead to a bigger market share as partners will start to use the technology which will increase the demand for tokens.

HusQy_IOTA
Privacy features are currently not being researched and it might be hard to support that on layer1 but privacy features could definitely be implemented as a 2nd layer solution

domsch
We focus on making the base layer of IOTA (namely transactional settlement) as secure and fast as possible. Many of the greater extensions to this core functionality are built on layer 2 (we already have Streams, Access, Identity and now also Smart Contracts)

HusQy_IOTA
There are discussions about increasing the supply to be able to still have micro transactions if the token would i.e. cost a few hundred dollars per MIOTA but we have not made a final decision, yet.

IF_Dave
We think we have a edge over other technology especially when it comes to fee-less transactions allowing a lot of use-cases that would otherwise be impractical or impossible.Adoption is not a given but a useful technology will be utilized with the right functionality,

DavidSonstebo
**why we have such a widespread strategy of driving IOTA, not only its development but in industry, academia, regulatory circles, raising awareness, funding ecosystem efforts etc.**I am confident in the position we are in right now.
There is a clear demand for financial disruption, data security, and automation.
someone has to assemble a killer application that meets the demand; IF is pushing for this with partners

Billy-IF
Our goal is to have at least 1000 TPS.

Billy-IF
Personally, I think our congestion control algorithm is our greatest innovation.
our algorithm can be used in any adversarial setting requiring fairness and consistency. Keep an eye out for a blog post that I am writing about it.

HusQy_IOTA
about proof of inclusion?
I have started implementing a proof of concept locally and the required data structures and payload types are already done but we won't be able to integrate this into goshimmer until we are done with the current refactoring of the code.

Jakub_Cech
**Many of the changes that are part of the Chrysalis would have made it and will make it into Coordicide.**Like the atomic transactions with binary layout. The approach we took was actually opposite - as in, what are the improvements we can already make in the current network without having to wait for Coordicide, and at the same time without disrupting or delaying Coordicide?

Billy-IF
All the key research questions in coordicide have been answered.
in reality, the biggest research challenges are behind us.

Jakub_Cech
When Chrysalis part 2 will be live?
We are still aiming for 2020****as still reflected at roadmap.iota.org. **We want to have a testnet where everyone can test things like the new APIs on, and some initial implementations of specific client libraries****to work with.**This will also allow us to test the node (both Hornet and Bee) implementations more in the wild.
The new wallet will also be tested on that testnet.
The whole testing phase will be a big endeavor, and, at the same time, we will also start auditing many of the implementations,

Billy-IF
We are in contact currently with OMG, and they are advising us on how to draft our specifications in order to ease the standardization process. Coordicide, or Iota 2.0, actually provides us a chance to start off with a clean state, since we are building it from the ground up with standardization in mind.

IF_Dave
The focus at this point is delivering Chrysalis and Coordicide. DeFi could possibly be done with Smart contracts at a given moment but it's not a focus point at this stage.

domsch
about price?
We are quite frankly not worried about that. Knowing everything that we have in the pipeline, our ecosystem and how everything around IOTA will mature over the next few months, I am sure that the entire crypto ecosystem will wake up to IOTA and its potential. **Many participants in the market still have outdated information from 2017 about us, so there is certainly some education to do.**But with Chrysalis and the Coordicide progress, all of that will change.

domsch
At the core of it, the IOTA Foundation is a leader in trust protocols and digital infrastructure.We will always remain a R&D organization at our core, as there is a lot more development we can lead when it comes to make our society and economy more fair, trustless and autonomous.
I certainly see us evolving into a broader think-tank and expert group to advise governments and large corporations on their strategies - in particular around data, identity and IoT.

HusQy_IOTA
barely any cryptocurrency gets used in the real world.
IOTA will soon start to actually be used in real world products and it is likely that this will also have an impact on the price (but I can't really give any details just yet).

domsch
ISCP (IOTA Smart Contract Protocol) is based on cryptographic consensus via BLS threshold signatures. That means a certain pre-defined amount of key holders have to come together to alter the state of the contract****or to send funds around. **If majority of the nodes are offline, the threshold will not be reached and the contract cannot be executed anymore.**There are various ways in how we are looking at this right now on how to make SC recovery and easy transitions possible.
**The beauty of ISCP is that we have a validator set which you can define (can be 3 or it can be 100+), and via an open selection process we can really ensure that the network will be fully decentralized and permissionless.Every smart contract committee (which will be its own network of course) is leveraging the IOTA ledger for security and to make it fully auditable and tamper-proof.**Which means that if a committee acts wrong, we have cryptographic proof of it and can take certain actions.
This makes our approach to smart contracts very elegant, secure and scalable.

Billy-IF
No, we will not standardize Iota 1.5. Yes, we do hope that standardization will help adoption by making it easier for corporates to learn our tech.

serguei_popov
In general, I also have to add that I'm really impressed by the force of our research department, and I think we have the necessary abilities to handle all future challenges that we might be facing.

Billy-IF
In coordicide, i.e. Iota 2.0, yes all nodes have to process all transactions and must receive all data. Our next major project is sharding, i.e. Iota 3.0 which will remove this requirement, and increase scalability.
FPC begins to be vulnerable to attack if the attacker has 30%-40% of the active consensus mana.

HusQy_IOTA
There is no doubt about coordicide working as envisioned.

HusQy_IOTA
When will companies fully implement iota tech?
Soon(TM) :P

Billy-IF
Well first, we are going to make sure that we dont need a plan B :) Second, our plans for the actual deployment are still under discussion. Lastly, we will make sure there is some sort of fail safe, e.g. turning the coordinator back on, or something like that.

Billy-IF
All the key research questions in coordicide have been answered, and each module is designed.

Billy-IF
What will be standardized is the behavior of the modules, particularly their interactions with other nodes and wallets. Implementation details will not be standardized. The standardization will allow anyone to build a node that can run on the IOTA 2.0 network.

DavidSonstebo
Tangle EE has its own Slack (private) and calls, so the lack of activity can probably be explained in that fashion. Coordicide will have an impact on all of IOTA :) There's certainly a lot of entities awaiting it, but most will start building already with Chrysalis v2, since it solves most pain points.

Billy-IF
If there are no conflicts, a message will be confirmed if it receives some approvals. We estimate that this should happen within 10-20 seconds.
To resolve a conflict, FPC will typically take another 4 minutes, according to our simulator. Since conflicts will not affect honest users, most transactions will have very short confirmation times.

Billy-IF
a colored coin supply cannot exceed that of all Iota. You could effectively mint a colored coin supply using a smart contract, although there would be performance downsides. There are no plans to increase the supply. The convergence to binary will not affect the supply nor anyone's balances.

HusQy_IOTA
Both, Radix and Avalanche have some similarities to IOTA:
- Avalanche has a similar voting scheme and also uses a DAG
- Radix uses a sharding approach that is similar to IOTAs "fluid sharding"
I don't really consider them to compete with our vision since both projects still rely on fees to make the network work.
Centralized solution can however never be feeless and being feeless is not just a "nice feature" but absolutely crucial for DLT to succeed in the real world.
Having fees makes things a lot easier and Coordicide would already be "done" if we could just use fees but I really believe that it is worth "going the extra mile" and build a system that is able to be better than existing tech.
submitted by btlkhs to Iota [link] [comments]

Summary of Tau-Chain Monthly Video Update - August 2020

Transcript of the Tau-Chain & Agoras Monthly Video Update – August 2020
Karim:
Major event of this past month: Release of the Whitepaper. Encourages everyone to read the Whitepaper because it’s going to guide our development efforts for the foreseeable future. Development is proceeding well on two major fronts: 1. Agoras Live website: Features are being added to it, only two major features are missing 2. TML: We identified ten major tasks to be completed before the next release. Three of them are optimization features which are very important for the speed and performance features of TML. In terms of time requirements, we feel very good to stay on schedule for the end of this year. We also are bringing in two extra resources to help us get there as soon as possible.
Umar:
Been working on changes in the string relation, especially moving from binary string representation to unistring. The idea is that now rather than having two arguments in the term, you would have a single argument for the string. Thus, the hierarchy changes from two to one and that has an effect on speed and on the storage. So the first few numbers that we calculated showed that we are around 10% faster than with the binary string. There are some other changes that need to be made with regards to the string which he is working on.
Tomas:
Had to revise how we encode characters in order to be compatible with the internet. It also was the last missing piece in order to compute persistence. The reason is that the stored data has to be portable and if TML needs characters and strings internally in the same encoding as it stores its own data, we can map strings directly into files and gain lots of speed with it. The code is now pushed in the repository and can be tested. He’s also working on a TML tutorial and likely before next update, there should be something available online.
Kilian:
Transcribed past month’s video update. You can find it on Reddit. Also, he has done more outreach towards potential partner universities and research groups and this month the response rate was better than earlier, most likely because of the whitepaper release. Positive replies include: University of Mannheim, Trier (Computational Linguistics & Digital Humanities), research group AI KR from within the W3C (https://www.w3.org/community/aik) articulated strong interest in getting a discussion going, particularly because they had some misconceptions about blockchain. They would like to have a Q&A session with a couple of their group members but first it’s important for us to have them read the whitepaper to get a basic understanding and then be able to ask respective questions. Other interested parties include the Computational Linguistics research group of the University of Groningen, Netherlands and also the Center for Language Technology of the University of Gothenburg, Sweden. We also got connected to the Chalmers University of Technology, Sweden. Also has done some press outreach in combination with the whitepaper, trying to get respective media outlets to cover our project, but so far hasn’t gotten feedback back. Been discussing the social media strategy with Ohad and Fola, trying to be more active on our channels and have a weekly posting schedule on Twitter including non-technical and technical contests that engage with all parts of our community. Furthermore, has opened up a discussion on Discord (https://discord.gg/qZtJs78) in the “Tau-Discussion” channel around the topics that Ohad mentioned he would first like to see discussed on Tau (see https://youtu.be/O4SFxq_3ask?t=2225):
  1. Definitions of what good and bad means and what better and worse means.
  2. The governance model over Tau.
  3. The specification of Tau itself and how to make it grow and evolve even more to suit wider audiences. The whole point of Tau is people collaborating in order to define Tau itself and to improve it over time, so it will improve up to infinity. This is the main thing, especially initially, that the Tau developers (or rather users) advance the platform more and more.
If you are interested in participating in the discussion, join our Discord (https://discord.gg/qZtJs78) and post your thoughts – we’d appreciate it! Also has finished designing the bounty claiming process, so people that worked on a bounty now can claim their reward by filling out the bounty claiming form (https://forms.gle/HvksdaavuJbu4PCV8). Been also working on revamping the original post in the Bitcointalk-Thread. It contains a lot of broken links and generally is outdated, so he’s using the whitepaper to give it a complete overhaul. With the whitepaper release, the community also got a lot more active which was great to see and thus, he dedicated more time towards supporting the community.
Mo’az:
Finished multiple milestones with regards to the Agoras Live website: 1. Question part where people post their requests and knowledge providers can help them with missing knowledge. 2. Have been through multiple iterations of how to approach the services in the website. How the service seeker can discover new people through the website. 3. Connected the limited, static categories on the website to add more diversity to it. By adding tags, it will be easier for service seekers to find what they are looking for. 4. Onboarding: Been working on adding an onboarding step for the user, so the user chooses categories of his interest and as a result, he will find the homepage to be more personalized towards him and his interests. 5. New section to the user profile added: The service that the knowledge provider can provide. Can be added as tags or free text. 6. Search: Can filter via free text and filter by country, language, etc. 7. Been working on how to display the knowledge providers on the platform.
Andrei:
Improved look of the Agoras Live front page: Looks more clean. Finetuned search options. Redesigned the header. It now has notification icons. If you query a knowledge provider for an appointment, he will receive a notification about the new appointment to be approved or rejected. You can also add a user to your favorites. Front page now randomly displays users. Also implemented email templates, e.g. a thank you email upon registration or an appointment reminder. What is left to do is the session list and then the basic engine will be ready. Also needs to implement the “questions” section.
Juan:
Has switched towards development of TML related features. Been working mainly on the first order logic support. Has integrated the formula parser with the TML core functionality. With this being connected, we added to TML quantified Boolean function solving capability in the same way as we get the first order logic support. It’s worth mentioning that this feature is being supported by means of the main optimized BDD primitives that we already have in the TML engine. Looking forward to make this scalable in terms of formula sizes. It’s a matter of refining the Boolean solution and doing proper tests to show this milestone to the community in a proper way.
Fola:
Have been discussing the feasibility of a token swap towards ERC20 from the Omni token with exchanges and internally with the team. Also has been discussing the social media strategy with Kilian. As we update with the new visual identity and the branding, it’s a good time to boost our social media channels and look ready for the next iteration of our look and feel. Continuing on the aspects of our visual identity and design, he’s been talking to quite a number of large agencies who have been involved in some of the larger projects in the software space. One being Phantom (https://phantom.land) who designed the DeepMind website (https://deepmind.com), the other one being Outcast (https://theoutcastagency.com) who have been working with Intel and SalesForce. We aren’t sure yet with which company we go but it’s been good to get insight into how they work and which steps they’d take into getting our project out to the wider audience. That whole process has been a lot of research into what kind of agencies we’d want to get involved with. Also, with the release of the whitepaper being such a big milestone in the history of the company, he’s been doing a lot of reading of that paper. We’re also looking to get more manpower involved with the TML website. Also going to hire a frontend developer for the website and the backend will be done according to Ohad’s requirements. Also, as a response of the community’s feedback towards the Omni deck not being user friendly, he did some outreach to the Omni team and introduced them to a partner exchange for Agoras Live. They have an “exchange-in-a-box” service which may help Omni to have a much more usable interface for the Omni Dex, so hopefully they will be working together to improve the usability of the Omni Dex.
Ohad:
Finished writing the community draft of the whitepaper. The final version will contain changes according to the community’s feedback and more elaboration on more topics that weren’t inserted in the current paper, including logics for law and about the full process of Tau. And, as usual, he’s been doing more research of second order logic, specifically, Boolean options and also analyzing the situation where the formulas in conjunctive normal form trying to extract some information from such a cnf. Also, what Juan mentioned about first order logic: People who are already familiar with TML will see that now with this change, the easiness of using TML got much more advanced. In first order formulas, expressing yourself has become much easier than before.
Q&A:
Q: What is the difference between Horn Second Order Logic and Krom Second Order Logic?
A: Horn and Krom are special cases of cnf (conjunctive normal form). Conjunctive normal form means the formula has the form of n conjunction between clauses. This clause and this clause while each clause is a disjunction of atoms: It’s this or this or this or that. And now any formula can be written in conjunctive form. Any formula can be brought to this form. Krom is the case where each clause contains exactly two atoms and Horn is the case where at most one atom in every clause is positive – thre rest are negated, that’s the definition.
Q: Now that the whitepaper has been released, how do you think it will affect the work of the developers?
A: We see the whitepaper as being a roadmap of development for us, so it will essentially be the vision that we are working to implement. Of course, we have to turn it into much more specific tasks, but as you saw from the detailed progress from last month, that’s exactly what we do.
Q: When can we expect the new website?
A: We’ve just updated the website with the whitepaper and the new website should be launching after we get the branding done. There’s a lot of work to be done and a lot of considerations taking place. We have to get the graphics ready and the front end done. The branding is the most important step we have to get done and once that is complete, we will launch the new website.
Q: What needs to be resolved next before we get onto a solid US exchange?
A: With the whitepaper released, that’s probably been the biggest hurdle we had to get over. At this point, we still have to confirm some elements of the plan with the US regulators and we do need to have some sort of product available. Be that the TML release or Agoras Live, there needs to be something out for people to use. So, in conjunction with the whitepaper and approval from the US regulators, we need to have a product available to get onto US exchanges.
Q: Does the team still need to get bigger to reach cruising speed, if so, how much by and in which areas?
A: Of course, any development team would like to have as many resources as possible but working with the resources we that have right now, we are making significant progress towards the two development goals that we have, both the Agoras Live website and the TML engine. But we are bringing in at least two more resources in the near future but there’s no lack of work to be done and also there’s no lack of progress.
Q: Will Prof. Carmi continue to work in the team and if so, in what capacity?
A: Sure, Prof. Carmi will continue coordinating with us. Right now, he’s working on the mathematics of certain features in the derivatives market that Agoras is planned to have, and also ongoing research in relevant logic.
Q: Will you translate the whitepaper into other languages?
A: Yes, we expect translations of the whitepaper to occur. The most important languages that comprise our community, e.g. Chinese. What languages exactly, we cannot tell right now, but mainly the most prominent languages that comprise our community.
Q: Is the roadmap on the website still correct and, when will we move to the next step?
A: We will be revamping the website soon including the roadmap that will be a summary of what’s been published in the whitepaper but the old version of the roadmap on the website is no longer up-to-date.
Q: What are the requirements for Agoras to have its own chain?
A: If the question means why Agoras doesn’t have its own chain right now, well there is no special reason. We need to reach there and we will reach there.
Q: When Agoras switches to its own chain, will you need to create a new payments system from scratch?
A: No, we won’t have to. We will have to integrate with the new payment channel but that’s something we are planning to do anyway. We will be integrating with several exchanges and several payment channels so it won’t be a huge task. Most of the heavy lifting is in the wallet and key management which will be done on the client side but we’re already planning on having more than one payment gateway anyway so having one more is no problem.
Q: When can we see Tau work with a real practical example?
A: For examples of applications of TML, we are currently working on a TML tutorial and a set of demos. Two of our developers are currently working on it and it’s going to be a big part of our next release.
Q: How can we make speaking in formal languages easier, with an example?
A: Coming up with a usable and convenient formal language is a big task which maybe it’s even safe to say no one achieved up until today. But we solve this problem indirectly yet completely by not coming up with any language but letting languages to be created and evolve over time through the internet of languages. We don’t have any solution of how to make formal languages very easy for everyone. It will be a collaborative effort over Tau together to reach there over time. You can see in the whitepaper in the section 4.2 about “The Critical Mass and the Tau Chain Reaction”.
Q: What are the biggest limitations of Tau and, are they solvable?
A: TML cannot do everything that requires more than polynomial space to be done and there are infinitely many things like this. For example, you can look up x time or x space complete problems. We would want to say elementary but there is no elementary complete problem but there are complete problems in each of the levels of elementary. All those, TML cannot do because this is above polynomial space. Another drawback of TML which comes from the usage of BDDs is arithmetic. In particular, multiplication. Multiplication is highly inefficient in TML because of the nature of BDDs and of course BDDs bring so many more good things that even this drawback of slow multiplication is small compared to all the possibilities that this gives us. Another limitation, which we will emphasize in the next version of the whitepaper, is the satisfiability problem. The satisfiability problem of a formula without a model to ask whether a model exists – not a model checking like right now but to ask whether a model exists – this is undecidable already on very restricted classes as follows from Trakhtenbrot’s theory. So in particular, the containment problem, the scalability problem, the validity problem, they all are undecidable in TML as is and for them to be decidable, we need to restrict even more the expressive power and look at narrower fragments of the language. But again, this will be more emphasized in the next version of the whitepaper.
Q: It looks years for projects such as Maidsafe to build something mediocre, why should Agoras be able to do similar or better in less time?
A: Early on in the life of the Tau project, we’ve identified the computational resources marketplace as one of the possible applications of Tau, so it is very much on our roadmap. However, as you mentioned, there are some other projects, e.g. Filecoin, which is specifically focusing on the problem of storage. So even though it’s on our roadmap, we’re not there yet but we are watching closely what our competitors in this field are doing. While they haven’t yet delivered on their promise of an open and distributed storage network, we feel that at some point we will have more value to bring to the project. So distributed storage is on our roadmap but it’s not a priority for us right now but eventually we’ll get there.
Q: What are the requirements in scalability, e.g. permanent storage etc.?
A: We haven’t answered that question yet.
Q: Will Tau be able to run on a mobile phone?
A: Definitely, Yes. We’re planning on being available on all computational platforms, be it a server, laptop, phone or an iPad type of device.
Q: Given a vast trove of knowledge, how can Tau determine relevance? Can it also build defenses against spam attacks and garbage data?
A: Tau doesn’t offer any predetermined solution to this. It is basically all up to the user. The user will have to define what’s criminal and what’s not. Of course, most users will not bother with defining this but they will be able to automatically agree to people who already defined it and by that import their definitions. So bottom line: It’s really up to the users.
Q: What are your top priorities for the next three months?
A: Our goal for this year (2020) is to release a first version of Agoras Live and of TML.
Q: Ohad mentioned the following at the start of the year: Time for us to work on Agoras. We need to create the Agoras team and commence work. We made a major improvement in one of Agoras’ aspects in the form of theatrical breakthrough but we’re not ready yet to share the details publicly. Is there any further news or progress with the development of Agoras?
A: If the question is whether there has been more progress in the development of Agoras, specifically with regards to new discoveries for the derivatives market, then the answer is of course yes. Professor Carmi is now working on those inventions related to the derivatives market. We still keep them secret and of course, with Agoras Live, knowledge sharing for money is coming.
submitted by m4nki to tauchain [link] [comments]

From being PIP'd at a startup to leveling up into a FANG in four months.

When my manager sat me down in our 1:1 to deliver me the news that I was about to be put on a PIP the next week and to use the weekend to think what my next step should be, my initial reaction was to want to take it and save my job. I knew I've been in a bit of a slump, sleeping very poorly, and not outputting as much as I could have. But to be quite honest, this was a blessing in disguise.
The company I've been working at wasn't doing that well to begin with. We raised a series D in just under two years of existence and my options have quintupled in value since joining, but we've had regulational troubles and the hardware team has been slipping. Our CTO was fired four months after I joined, and our new CTO promised to double our engineering headcount by the end of last year. We've maybe only added 5 people to a team of 30 instead by that point. To that end, I've had multiple manager changes within that time period: a total of five managers and six manager changes all within 12 months. As this was my first job out of college, I thought this was all normal for a startup.
In addition, the pay was very low. For a new grad that didn't know better, like yours truly, that number was a lot for someone who was only ever paid hourly. But after discussing with friends that went onto working at FANGs and other, more established unicorn startups, it was abundantly clear that me and my fellow colleagues were severely underpaid. Like, over 50% lower in base salary alone underpaid for the same line of work and more stress.
The work itself wasn't that great either. It was a system that had to be supported globally with different rules in different countries and with physical hardware that we had little control over. Nobody left the office before dinner was served, and seldom did people start going home after dinner was finished (well, up until recently since people stopped giving fucks). We had almost no senior engineers either, most of the work was done by fresh grads or interns from top CS schools. We maybe had only four veteran IC's, but the rest of the "senior" staff were in management. Everyone else was a new grad or junior engineer. You wouldn't find anyone that had more than two years of experience in the rest of the crowd. It's fun to be around people my age, but the work was sloppy and stressful when shit broke because you're trying to build something with little guidance and your code reviewers are other new grads that are equally as experienced as yourself. Nobody (besides maybe three people) has ever coded in the framework we used, and everyone learned the language and framework right on the job. Our only training was a link to an official guide.
I'm not going to get into the company politics, but it's sufficient to say our Blind was so spicy to the point screenshots of several call-out threads were brought up in meetings and mentioned in all-hands. It was pretty bad.
But going back to me getting served a PIP. My manager gave me an ultimatum: either take the PIP, or take severance and interview for another company. Over that weekend, I thought really hard about all the things I've seen and done in the past year, and quite frankly, I found that I haven't been happy at that place for a while now. It doesn't make sense to try to save a job I wasn't going to be happy at, where I get paid peanuts, and where my contributions are invisible to upper management because the longest I've had the same manager for was two and a half months. I decided to take the severance and leave.
This gave me time to relax, exercise, enjoy hobbies I haven't done in months, and most importantly, spend time with family and friends I haven't been around with because of this job. Oh, I forgot to mention that the company moved headquarters halfway through my tenure and bumped my commute from 20 minutes to over an hour.
I haven't touched leetcode or interview prep materials in ages since joining, so I really only hit the books about two weeks after leaving. My daily routine would be to exercise in the day, eat a protein heavy meal, and study up leetcode into the night at a 24/7 cafe. I would usually do this with a buddy or two who are freelance developers. I also kept a spreadsheet of jobs I was interested in and updated their statuses in where I was at in the process, who the point of contact was, when the interview dates are, etc. I wanted to end up at a FANG company since their offices were much closer to where I lived and the culture there would help me grow more as an engineer. My process was that I started off with companies I didn't quite care about to practice interviewing, and then build up to places I did want to end up working at.
I slowly but steadily practiced coding problems, took my time to understand what the solutions were, and apply those skills onto other problems that came up. In reality, most programming problems you encounter are really just other problems in disguise, and you just need to know the fundamentals of CS to get through them. I'm sure everyone wants to know what my stats are, so here they are: 64 easy, 50 medium, 15 hard.
After a few months of practice and interviewing at companies I wasn't particularly interested in, I started applying for places that actually interested me. In the end, I got two offers and was able to negotiate with a FANG company that has an office 10 minutes away from my house. I not only nearly tripled my TC, but I also got leveled up to an L4. After being stuck in L3 for almost two years with shit pay, I am glad my patience and steady progress paid off.
My lessons learned in this whole experience:
As for my tips for the interview prep:
Most of my system design solutions came from experiences I've had and a lot were creative, open-ended questions. My advice is to be likeable to the interviewer and not BS your thought process. For some reason, system design is something that comes the most natural to me, so I sadly can't give much tips for studying on it besides seeing for yourself how current systems are built.
And in general, you should be likeable to the interviewer. Smile, ask them what they work on, what cool projects they've done at the company, what their work life balance is like, etc. You're interviewing for the company and you're interviewing the company for yourself. Your interviewer is judging on whether you'd be a good person to be around with for 8 hours and help contribute to solving their problems, and you're judging whether the company you're interviewing for will make you enjoy yourself being there.
Everyone's experience is unique and certainly not as relaxed as mine. I thankfully had enough savings to last me almost a whole year without a job, but I realize others might not be fortunate enough to have that luxury. It'll be hard, but worth it to study up in the evenings and then take days off to go to onsites. In the end, what matters most is your sanity and happiness.
Tl;dr: job sucked, I got PIP'd, quit, took time off, studied, interviewed, and accepted a FANG offer that tripled my pay in four months.
submitted by worried_about_pip to cscareerquestions [link] [comments]

Primer on Binary Options Recovery

Primer on Binary Options Recovery
A binary option is a financial option wherein the payoff is particular fixed money or nothing at all. There are mainly two types of binary options cash-or-nothing and asset-or-nothing binary options. The cash-or-nothing binary option pays some fixed amount of cash if the option expires “in the money.”
The asset-or-nothing binary option, however, only pays the value of the underlying securities. This option makes many people quickly lose money trading binary options. So what happens when you have lost money trading binary options?
Recover from Binary Options How to Recover from Binary Options Lost or Scam with a Verified Recovery Expert.
Have you been enticed to get entangled in trading binary options? Have you had any bad experience with binary options? Are you a victim of the famous binary options scam?
“How do you recover from binary options scam?”
It happens to lots of people, even professional, educated people and the elite. If you get swindled, the first thing to do is not to beat yourself up over it but act fast. More importantly, suicide is not an option, and we can always heal and recover from our loses once there is life.
An unfortunate story of an Australian man who got himself entangled in binary options lost a lot of money and had the third mortgage on his house with a lot of other debts. And then he ended his life.
There are a lot of somber stories of people who have lost it all to binary options and have no clue how to recover from binary options schemes and fake brokers.
Firstly it goes without saying, it’s better to prevent, investigating the business and doing background checks is very necessary before any investment. Here are some tips to help you.
  1. When investing, do proper research and make sure the broker you are working with has an appropriate regulation and licenses like ASIC, FCA, CySEC, CFTC, BaFIN, or other government regulators.
  2. Always make sure you don’t invest all of your money.
  3. Get wealthy quick programs are bound to lose more money, don’t fall for investments of such.
  4. Learn and do more research about the financial option you are planning to invest.
  5. Listening to your broker is another mistake, as they have lost peoples money in many instances, the reverse of a brokers advice might be doing you better.
  6. Check out the platform and use all their demo till you are skilled and never agree to add funds in a rush.
A lot of people have their first experience with binary options through a scam. Binary options trading scams are widespread, and recovering from binary options schemes might be very hard but not impossible. The binary options industry is steadily misused, and many scammers and thieves get away with a lot due to slack regulatory laws, shallow knowledge and negligence of victims. There are fake review websites that support and endorse these scams, so for a person with no trading experience, it is almost impossible to find the right path.
A lot of people are getting duped and losing their money to these schemes. They have assured an income, but in actuality, they take their money and lose it deliberately.
https://preview.redd.it/y9y274olp2j51.png?width=601&format=png&auto=webp&s=7e2f7c4667ae31cc5011c6a88713b111e14575b0
What to do if Scammed by Binary Options? The web has a lot of fraudulent binary options brokers. So once you realize you have been a victim of the scam, don’t panic! You will most likely go through guilting yourself and emotional distress. Your first step is to file a complaint to the customer services team. Always remember the risks involves in the trades, you can lose money as well as gain as much too. If you lose money or get scammed, you will be reminded of the risks.
Documenting all that has happened is very important. The world would be better if we did not have thieves and people who create scams aiming to steal from us. The best move anyone can make is to educate themselves about possible scams and the way they work because they are everywhere and to be intelligent in the decisions made by them and the information they provide.
These Con artists have found binary options a simple system to use their system to strip the money of unsuspecting casualties. This write-up will focus on educating you, on binary options scams and binary options scammers. If you have ever lost money to binary options, check for links below to hire a recovery organization to help you get your money back. Binary options investing can be an excellent way to make more money without having to do much, but when you are dealing with the wrong people, it can be a quick way to lose a massive amount of money. We believe when you are done reading this article, you will be able to determine the differences between reliable binary options systems and the scam artists.
Don’t forget that you must file a complaint to customer services of the respective platform you used, and it is the first thing to do when you feel spooked. All regulatory bodies have their procedure and steps, and they will also ask if you have filed a complaint. In few countries, it is required legally that the company gives you a case number which you can then use to file a complaint to securities and exchange commission.
It is also essential contacting your credit card company and bank fast so they can provide solutions such as chargeback for you. If you find that you get stranded and need help then get it to contact with a recovery expert, and your best bet is Assured Recover. They will undoubtedly be able to help recover all lost funds.
Also, be very careful with recovery rooms as they can even scam you as an easy vulnerable target.
Recover Losses made to Binary Options with Verified Recovery Experts. A few recovery companies that focus on lost funds and wealth recovery internationally. Some legitimate companies also claim they can help, but since there isn’t much of a right side to this, they usually fall short of their promise and client’s expectations.
Some chargeback companies offer a service to help, and some may be able to help. A significant number of people who have lost money to fake binary options companies like IQ options, VIPBinary, 24option, and other fraudulent binary options trading platforms/companies that have bad reviews and been accused of scams. Assured Recover has successfully helped customers who were scammed and to get their money back.
Here is a testimony how Assured Recover helped someone who got scammed by Trade Toro.
One wouldn’t think much of this, all I wanted to do was invest and be part of it, but the brokers weren’t truthful. They collected money from all in the name of investment, and when it was time to withdraw, I realized I couldn’t. At the time was when it occurred to me, I had been duped.
I consider myself to be one of the very few privileged ones as I was able to get all recovered from this scam Binary options brokers. Assured Recover is simply the best, and in less than 30 days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options, one of these verified recovery experts will help you get your funds back without any traces.
I’m pleased to let people know how I was able to recover part the money that I got cheated by Trade Toro, and I’d like to write in favor of Assured Recover. Assured Recover is your best bet when it comes to binary options recovery.
Binary options trading scams will make you lose money and also make you blame yourself for not being more careful. These Verified Recovery Experts offer binary options loss recovery service to everyone in need of such services. Here is the link to the original article, and how to recover money lost to binary options, forex, cryptocurrency etc.
submitted by Msatikul54 to u/Msatikul54 [link] [comments]

From being PIP'd at a startup to leveling up into a FANG in four months.

When my manager sat me down in our 1:1 to deliver me the news that I was about to be put on a PIP the next week and to use the weekend to think what my next step should be, my initial reaction was to want to take it and save my job. I knew I've been in a bit of a slump, sleeping very poorly, and not outputting as much as I could have. But to be quite honest, this was a blessing in disguise.
The company I've been working at wasn't doing that well to begin with. We raised a series D in just under two years of existence and my options have quintupled in value since joining, but we've had regulational troubles and the hardware team has been slipping. Our CTO was fired four months after I joined, and our new CTO promised to double our engineering headcount by the end of last year. We've maybe only added 5 people to a team of 30 instead by that point. To that end, I've had multiple manager changes within that time period: a total of five managers and six manager changes all within 12 months. As this was my first job out of college, I thought this was all normal for a startup.
In addition, the pay was very low. For a new grad that didn't know better, like yours truly, that number was a lot for someone who was only ever paid hourly. But after discussing with friends that went onto working at FANGs and other, more established unicorn startups, it was abundantly clear that me and my fellow colleagues were severely underpaid. Like, over 50% lower in base salary alone underpaid for the same line of work and more stress.
The work itself wasn't that great either. It was a system that had to be supported globally with different rules in different countries and with physical hardware that we had little control over. Nobody left the office before dinner was served, and seldom did people start going home after dinner was finished (well, up until recently since people stopped giving fucks). We had almost no senior engineers either, most of the work was done by fresh grads or interns from top CS schools. We maybe had only four veteran IC's, but the rest of the "senior" staff were in management. Everyone else was a new grad or junior engineer. You wouldn't find anyone that had more than two years of experience in the rest of the crowd. It's fun to be around people my age, but the work was sloppy and stressful when shit broke because you're trying to build something with little guidance and your code reviewers are other new grads that are equally as experienced as yourself. Nobody (besides maybe three people) has ever coded in the framework we used, and everyone learned the language and framework right on the job. Our only training was a link to an official guide.
I'm not going to get into the company politics, but it's sufficient to say our Blind was so spicy to the point screenshots of several call-out threads were brought up in meetings and mentioned in all-hands. It was pretty bad.
But going back to me getting served a PIP. My manager gave me an ultimatum: either take the PIP, or take severance and interview for another company. Over that weekend, I thought really hard about all the things I've seen and done in the past year, and quite frankly, I found that I haven't been happy at that place for a while now. It doesn't make sense to try to save a job I wasn't going to be happy at, where I get paid peanuts, and where my contributions are invisible to upper management because the longest I've had the same manager for was two and a half months. I decided to take the severance and leave.
This gave me time to relax, exercise, enjoy hobbies I haven't done in months, and most importantly, spend time with family and friends I haven't been around with because of this job. Oh, I forgot to mention that the company moved headquarters halfway through my tenure and bumped my commute from 20 minutes to over an hour.
I haven't touched leetcode or interview prep materials in ages since joining, so I really only hit the books about two weeks after leaving. My daily routine would be to exercise in the day, eat a protein heavy meal, and study up leetcode into the night at a 24/7 cafe. I would usually do this with a buddy or two who are freelance developers. I also kept a spreadsheet of jobs I was interested in and updated their statuses in where I was at in the process, who the point of contact was, when the interview dates are, etc. I wanted to end up at a FANG company since their offices were much closer to where I lived and the culture there would help me grow more as an engineer. My process was that I started off with companies I didn't quite care about to practice interviewing, and then build up to places I did want to end up working at.
I slowly but steadily practiced coding problems, took my time to understand what the solutions were, and apply those skills onto other problems that came up. In reality, most programming problems you encounter are really just other problems in disguise, and you just need to know the fundamentals of CS to get through them. I'm sure everyone wants to know what my stats are, so here they are: 64 easy, 50 medium, 15 hard.
After a few months of practice and interviewing at companies I wasn't particularly interested in, I started applying for places that actually interested me. In the end, I got two offers and was able to negotiate with a FANG company that has an office 10 minutes away from my house. I not only nearly tripled my TC, but I also got leveled up to an L4. After being stuck in L3 for almost two years with shit pay, I am glad my patience and steady progress paid off.
My lessons learned in this whole experience:
As for my tips for the interview prep:
Most of my system design solutions came from experiences I've had and a lot were creative, open-ended questions. My advice is to be likeable to the interviewer and not BS your thought process. For some reason, system design is something that comes the most natural to me, so I sadly can't give much tips for studying on it besides seeing for yourself how current systems are built.
And in general, you should be likeable to the interviewer. Smile, ask them what they work on, what cool projects they've done at the company, what their work life balance is like, etc. You're interviewing for the company and you're interviewing the company for yourself. Your interviewer is judging on whether you'd be a good person to be around with for 8 hours and help contribute to solving their problems, and you're judging whether the company you're interviewing for will make you enjoy yourself being there.
Everyone's experience is unique and certainly not as relaxed as mine. I thankfully had enough savings to last me almost a whole year without a job, but I realize others might not be fortunate enough to have that luxury. It'll be hard, but worth it to study up in the evenings and then take days off to go to onsites. In the end, what matters most is your sanity and happiness.
Tl;dr: job sucked, I got PIP'd, quit, took time off, studied, interviewed, and accepted a FANG offer that tripled my pay in four months.
Original
submitted by cscqsim_repostbot to CSCQSimulator [link] [comments]

A LOT of red flags: why I wouldn't touch DX.exchange with a 10-ft pole

DX.exchange sounds pretty cool. Who wouldn't want tokenized stocks? Hell, maybe one day I could even use them as collateral for a MakerDAO CDP, right?
I had an open mind when I started poking around DX.exchange. I like the idea. I want a project like this to succeed. Hell, they even got media coverage from CNBC and Bloomberg so they must be legit, right?

But its full of red flags. Here's a TL/DR:
Obscure legal structure
I get that sometimes crypto businesses need to use unusual legal structures to stay compliant but theirs is particularly weird. On their website it states that stocks come from "Market Place Securities MPS Ltd,Cyprus Investment firm regulated by CySEC" and DX is registered in Estonia. All of the employees are based in Israel except their CEO who is based in London.
So if something goes wrong and you want to take legal action... Well good luck as they're distributed into at least 4 different countries. (This isn't what we meant when we said we want decentralization.)

Fudging information about the number of employees
The About Us section on their website claims they have "over 70 R&D engineers". So I went to their LinkedIn page to verify that figure: screenshot. As you can see, they have only 32 employees including very few engineers. Most appear to be marketing people. Almost all of the employees are based in Israel. Not Estonia or Cyprus. Many of them don't even reference DX.exchange as their primary job.

'Digital stocks' traded on DX are issued by MPS, which used to be SpotOption, a company banned from operating Binary options trading in Israel that was raided by the FBI.
Another redditor pointed this out a few days ago. If you look closely on their website, it states "Digital Stocks are provided by Market Place Securities MPS Ltd,Cyprus Investment firm regulated by CySEC, license number 170/12. " Here's the corresponding page on CySEC's website. You'll see that MPS used to be SpotOption but changed their name.
When this was brought up about a week ago, a representative of DX replied:
Dx.Exchange is not associated to SpotOption in any way.
In our Israeli branch we have hired some former spotoption employees, but also hired many more from the banking industry and online industry in all our business divisions.
...
In regards to MPS Marketplace Technologies ltd., it is our understanding that MPS has done an agreement with the defunct Spotoption group to obtain their market maker license. We have done our due diligence and found MPS comply with all regulations, therefore we were comfortable forming the partnership with MPS.
So let's unpack that: MPS technologies used to be SpotOption. DX claims the only link between SpotOption and DX is that MPS 'obtained' a market maker license from Spotoption (as opposed to getting their own market maker license...). Oh, and DX hired some SpotOption employees.
Interestingly, when I looked up DX employees on LinkedIn, the CEO of 'MPS Exchange' showed up, and apparently before he was CEO of MPS Exchange, he was CEO of 'Spot Capital', another company in Cyprus with a name that is surprisingly similar to 'SpotOptions'.
Also, MPS' website, mps.exchange is using the same DDoS mitigation as DX.exchange: Whois for MPS. Whois for DX and both used Domain Privacy Protection which is fine for your personal blog. Not so fine for a cryptocurrency exchange.
All of that is circumstantial evidence, but it sure is piling on. I'm sure that beyond the things I found here, there's absolutely no links between all of these companies. /s
Major security breach
Dan Goodin at Ars Technica is a reputable tech/security journalist. In this article about DX.exchange he writes:
When [a whistleblower's] browser sent DX.Exchange a request, it included an extremely long string of characters, called an authentication token, which is supposed to be a secret the site requires when a user accesses her account. For some unexplained reason, DX.Exchange was sending responses that, while valid, included all kinds of extraneous data. When the trader sifted through the mess, he found that the responses DX.Exchange was sending to his browser contained a wealth of sensitive data, including other users’ authentication tokens and password-reset links.
...
anyone with possession of a token can gain unauthorized access to an affected account...
Data and funds were at risk. I'd call that a major security breach. It's also quite possible that someone other than the whistleblower has stockpiled all that data. Per Dan Goodin, it's also probable that administrator credentials got leaked.
Dan Goodin really ripped these guys a new one:
Ars notified DX.Exchange officials of the leak on Tuesday afternoon. Eight hours later, a member of the site’s security team responded to ask for more details. A few hours later, officials announced a site maintenance update, but even after the site came back online, the leak continued. A little after 8am Pacific Time on Wednesday, the security team member emailed to say the bug had been fixed and thanked Ars for bringing it to his attention. A brief analysis by Ars appeared to confirm the leak was plugged.
The site official offered the following statement:
The bug was immediately identified and suppressed the minute [we] received Ars Technical [sic] professional feedback. DX is in a Soft Launch, where we got some unexpected and positive mass attention from news media all over the world. Due to the high volume of interest in our platform and heavy signups, we discovered some bugs, most are fixed, few are going under examination right now. We are confident to be able to fix them all and finalize our launch in the shortest time.
Ars sent a response asking if DX.Exchange planned to reset all user tokens or passwords and to notify users that a leak exposed their names and email addresses. So far, the officials have yet to respond.
Clearly, the bug was not "immediately identified and suppressed" but rather was live for almost half a day. Goodin identifies additional security holes in his article. Read it if you're curious.
So there you have it: they're running a cryptocurrency exchange with Mt. Gox-level security. There's a massive risk to any funds you deposit there.
There's a ton more red flags that I spotted but didn't include and tbh I haven't even dug that deep yet. Also, I'd like some transparency from CNBC and Bloomberg as to how/why they publicized this obvious scam exchange.
edit: fixed screenshot and 2 links
submitted by Priest_of_Satoshi to ethtrader [link] [comments]

XCOM: Asset Assualt

2035: Ethereals have suffered an immense defeat at the hands of XCOM. Their base had been raided by a mere force of seven operatives. They killed hundreds of ADVENT's soldiers, and it ended with very few casualties for XCOM. The Ethereals had tried to talk the to the Commander, but it was as fruitless as trying to fight the Human resistance outside of their base. Even when they tried to kill him with their metaphysical forms, their forms were still ended.
2038: After every remnant of ADVENT was wiped clean from Earth. XCOM's leaders founded a government to replace the ADVENT Coalition. John Bradford and the Commander were then known as the founding fathers of the Terran Republic. A government that was loosely based off the original United States of America, with the values of both social and economic libertarianism. Its first President was the Commander with Bradford as the Vice President.
2050: Psionics in humans grow in numbers in men. An unexplained event that happens when humans are exposed to elerium or other psionics. The Republic hired several Psi Operatives in to the DPS, which stood for the Department of Planetary Security. Most worked in the private sector, so they could manufacture alloys and synthesize elerium.
2060: Psionics increased to the point where it reached one in four for men. The numbers were even lower for women, which stood at one per every thousand. This mystery of disproportionate psionic power had no explanation to Earth's population. But the most common theory was that it had to do with better emotional control in men.
2077: An FTL experiment was preformed by Tygan-Shen Corporation. In which a wormhole was created at two points with an experimental Psi-Drive. Those two points led to various ends of the galaxy, which meant unlimited travel range for Humanity.
2093: Mass colonization efforts went underway on Earth. Hundreds of thousands of peopled set out for the stars to find more home for themselves. These efforts were funded both publicly and privately, with a hundred colonies being founded by the government. Many of the largest colonies were: New York II, New Los Angeles, New Detroit, and New Dallas.
2110: Alien base discovered on Mars. Found by Tygan-Shen Corporation's Hyperion Research Station's survey drones. A group of soldiers and scientists contracted by Tygan-Shen Corporation only found mention of a long lost alien civilization and a star chart. In that chart they found several dots that went through the radius of the galaxy. XCOM was given the coordinates to all the dots around the galaxy, they start with the one in Sol.
2118: Upon discovery of the relays, the Terran Republic mass mobilized ships. Over the past eight years ships were manufactured by Shepard Industries. By the end of their eight year contract, they had built 500 warships of varying classes. Twenty of these ships were expensive capital ships that cost as much as the Capitol Star Base each.
2151: First contact happened at New York II. These aliens called themselves the asari, and even announced they came in peace. But their emissary vessel was surrounded by cruisers until President Vladimir Yankovich greets them.
The President of the Terran Republic stood in the greeting room of the asari ship. His two psionic guards in powered armor by his side if anything went wrong. But these alien guests seemed to live up to their word, for now at least.
As it would seem, the design of the ship did not look like it was intended for warfare. Their designs were more artistic than militaristic, like the Oval Office in the Capitol Star Base. Though, they could still have ulterior motives for contacting Humanity.
This second contact could be the Second Ethereal War all over again. Which ended in Humanity having control of the most advanced technology in the universe. But wiped out over one-tenth the Human population of Earth when it happened. Then they formed the tyrannical, socialist state known as ADVENT.
These aliens could have the same intentions for Humanity. They contacted Humanity seeking advanced technology alone. Most likely, they had noticed the space time disruptions from human ftl drives on their telescopes.
But the President might have been acting paranoid, because telescopes can only detect disturbances that occurred years prior. It would have been detected thirty years after the event happened. A lot of time to waste watching the stars for something so trivial.
"These aliens sure do have a sense of style," commented Agent Richter with a look of fascination his face.
"Yeah. I can admit. They do have more of a style than us. In art. Not technology, we still hold that honor," replied President Vladimir.
It mildly bothered him that his bodyguards had a fascination with these aliens' culture. They should have been protecting their VIP, not ogling the aliens architecture. If they like these 'asari' they should revoke their Terran citizenship right then. It was the right thing to do for their species as a whole, this is human space.
One of the last things congress would have wanted were alien nationals walking in Human Space. His party would want him impeached if he gave aliens human technology as well. So as soon as the door opened in front of him, he would have to tell them Humanity was to stand on its own.
Humanity agreeing to any laws or treaties with them could prove politically disastrous. It could make humanity's status as a galactic power falter. As Aliens would gain access to human technology from agreements. Vladimir would never sign such an agreement when the time ever came.
Maybe the President was just getting ahead of himself. The aliens had not even shown their faces yet, and he was worrying about his people being politically screwed.
The whole meeting was just a wait in a well-lit meeting room. It was like waiting for an appointment for a doctor or psychiatrist. Never a very pleasant wait, as it felt like the President had been there for several hours standing.
The wide, oddly shaped door had opened in front of the President and his DPS guards. These aliens were different from the four-armed psychics they had expected. They were blue humanoids, with the shape of a human female. Instead of hair they had ridges that gave the Illusion of extremely short hair.
Some were wearing armor, while others wore futuristic looking clothing. Their fashion sense was very futuristic compared to the early 20th century traditionalism Humans were used to. But not extremely different from ADVENT's styling to say the least.
"What's with the heavily-armored guards? We've stated our intentions are not hostile," commented the Asari with a stern voice.
"I'm the head of state. Many people want me dead! Socialists, other radicals. Those nutjobs in our territory who rioted when I was elected President," stated Vladimir while he steepled his fingers.
"I see. What's ADVENT? Learning about other species is why I took this job," asked the Asari Diplomat sternly.
"An alien puppet government that ruled our race. Set up by aliens called the Ethereals. We overthrown them when we found out about their experiments. After the war, corporations used their tech. That's where we get these," said the DPS Agent who was showing the aliens his plasma rifle.
"Maybe we should make sure that weapon doesn't violate any Council weapons treaties. Can I have a look at it," asked the asari in armor.
"I'd have to respectfully decline, asari. We have no intentions of joining the Council in any capacity. So, those laws don't apply here," replied Vladimir Yankovich in a stern tone.
She looked disappointed, Vladimir could tell by her facial expression. Even some hints that he may have been a little condescending. But why should he worry, they were more worried about not having humanity in their galactic clubhouse anyway.
"I see. I can respect that you want to put your species first. After every thing that happened in your history. But it's short-sighted," replied the diplomat.
"Short-sighted? You have nothing that we don't already have. We've got better weapons tech. So, in-terms of military we can stand on our own. So how am I short-sighted," the President explained calmly, as he steeples his fingers fingers again.
"I can see why you think that way. But how taxing is your military? That type of high-tech army must cost you countless credits," replied the diplomat.
"Credits? Humanity uses Terran Republic Dollars," he said as he pulled a thousand-dollar, plastic bill from his suit pocket to brandish to the diplomat.
"Interesting. Your species still uses physical currency? Despite all the advanced technology you have at your finger tips. Humans still use physical currency," replied the Diplomat with fascination in her eyes at the fact.
The asari diplomat looked to the President as if he was being condescending. He was being condescending when he waved that money around like he was a big-shot. Politicians were rich, but they were never known to boast about their wealth.
"What type of economy does your species have," asked the Diplomat out of curiousity.
"We have a pure capitalist economy. No social services except the basics: municipal and federal departments, and the military. By doing this, we have low taxes and a thriving economy," replied the President with his head held high.
"How 'thriving' is your economy? What's your GDP," questioned the asari with a look of distrust towards the President and a hint of cynicism.
"You can take a read at this tablet. It will give you all the info on our culture. Our economy. Everything of that sorts," replied Yankovich as he handed the asari his tablet to give the aliens.
"This exchange was rather entertaining. But I have to go back and meet with Congress. They'll decide on what to do about this," continued President Yankovich..
"Farewell, Human," replied the asari to the President.
Yankovich was happy, he simply just gave the aliens information on human culture and history. It was nothing that would give them important human tech secrets. But he did know the rival party of the New Republican Party would have a field day. They would just want to use this to get Yankovich's rival elected in the next few months.
As he and his guards walked back to their ship, he contemplated what these events could do. It could get the Utilitarianist Party into power. Maybe even more seats in Congress or even worse, the House. Just a massive political fallout that could ruinYankovich's chances at another Presidential term in the Oval Office.
The Utilitarianist Party stood for the opposite of Yankovich's Party. They would see this Second Contact as an attempt to force alien immigration. Which would result in increased taxes, increased poverty for humans, and just an overall lower quality of life. The Founding Fathers fought against this, not for this kind of stuff.
Not to have humanity's liberties stripped away from them like it was long ago. That was why the Utilitarianist Party was called ADVENT 2.0. Because most of their election policies were against the Terran Constitution. One example, was when one of their presidential candidates wanted to ban plasma weapons and powered armor for private use.
So, to most citizens that were sane in Yankovich's mind, they would all vote for him. He represented their freedoms more than the rival party ever could. The freedom that almost a billion people died for a hundred years ago against the Ethereals, and lastly, ADVENT.
It was like the American Revolution, but with aliens instead of the British Empire. Humanity being harvested like last time, was just not something the President was going to let happen when he gets to Congress. Aliens were not going to run Humanity, and the New Republican Party was going to see that never happened again.
Around the stars of Alpha Centauri in the nearby sector of the Sol Commonwealth. A massive star base headed the executive branch of the Terran Republic. All decisions and policy changes happened from this massive spacestation. It was called the Capitol Star Base by every human in the galaxy for a reason.
It was massive, the size of Manhattan Island back on planet Earth. Taking a surprising cost of twenty trillion dollars to construct this space city. But it was the ninth wonder in human history, despite the massive cost and time it required.
In appearance, the Capitol Star was just a large ring shaped space station. One that rotates from far orbit of the hot Jupiter in close orbit to the binary suns. It had three ring habitats that orbited a centrifuge in between them. Each were small cities in their own right, the outer ring was Residential, the inner being the Commercial District, the smallest ring was the Capitol District.
It was a very well-defended Star Base as well. Using dreadnought grade fusion lances to protect it from meteors, and alien ships. With a fleet, it was impossible for any fleet to destroy the station without great losses.
Law enforcement of the station was handled by the Federal Bureau of Law Enforcement. A heavily-armed group of militarized police that keep order in the Capitol Base. Unlike most worlds, it was the federal police who handled law enforcement on the station. Which made sense, as it was the Capital of the Terran Republic.
The centrifuge was the President's home, a large one kilometer home that the President lived inside. It was the White House of the far future, complete with elevators to traverse the hundreds of floors inside the home. But this came at a price, the home watched everything the President had ever said and uploads it to the Internet.
This watch over the politicians gave the citizens the ability to make voting decisions on their leaders. They sacrificed their privacy when they chose to be the leaders of their species. The only party that complained was the Utilitarianist Party, they believed it violates the Constitution.
Another thing the Capitol Star Base did was count the electoral votes for the Presidential candidates. As the Terran Republic copied all aspects of the United States of America. It made sense they would copy every single aspect of that ancient government.
Every single aspect was taken from the Commander and John Bradford's knowledge of America. From what they view as the most free country to ever exist in Earth's history. Humanity graciously supported that idea after suffering from ADVENT's tyranny. It was another reason why a common slang for the city was "New Washington DC".
Both being capitals of governments that hold freedom in high regard. Both had functioned in very similar ways, except the Capitol Star Base was in space. Which was a blessing for the whole of mankind in general, because it could stand as a military command center.
It was in the Executive District where Congress and the House of Representatives were making the decisions about the Second Contact. Two parties were debating about how to respond to these new aliens.
One third were of the Utilitarianist Party; the other sixty-six percent was of the NRP. One side had seemed to for the aliens, the other was Humanity first. Utilitarianists wanted Humanity to benefit the aliens because they were a potential majority. NRP wanted to ensure that Humanity never suffered in the slightest to benefit a collective majority.
The leader of the Terran Empire was a member of the NRP. He was responsible for making sure that Human interests weren't violated by the minority of congress. President Yankovich cared too much for his people as he stood on the podium.
In the seat on the left of the ring, Congresswoman Sloan had different opinion. She wanted to give the aliens easy citizenship into Terran Territory. Not just citizenship, welfare benefits that take money from hard-working Human beings. To make matters worse, she even wanted to give the X-Rays free medical care from the taxpayers.
"Yankovich, you're saying we should just treat these aliens as Neighbors. That's it," asked Sloan in confusion.
"Yes. That's most logical course of action. They could crush our species like the Ethereals did last time. If they get access to psionics. Or God forbid… our naval technology. We'd be doomed. We lack the numbers to protect our species without our edge in tech," responded the President in shock at the Congresswoman.
"It could also benefit our economy. But we'll have to sacrifice the Terran Dollar for the Council Credit," replied Sloan.
"Our economy is thriving. Our GDP is at ten quadrillion dollars, and rising slowly. Our treasury has a twenty-five quadrillion surplus," rebuked the President with a smile.
The NRP members of the Congress were cheering. Reporters watched the whole debate, and were broadcasting it all over every world in Terran Territory. Polls were spiking high for President Vladimir Yankovich in the next election as a result of his comment.
Yankovich was looking in confidence that his re-election would be secured. All thanks to his objectivity when speaking with the legislative branch. It was just like an educated man debating a hippie in a political argument, all facts, and no opinions.
"What about the future of the galaxy. It's more than just simple Human egotism we got to consider here," responded Sloan.
"Our species matters. Not some blue aliens that your party has been claiming are like us. They're not like us in any conceivable way. So why should we bend to their laws and regulations, Sloan," replied Yankovich with a grin.
Sloan just remain silent, which meant the President's arguments were too sound to ignore. President Yankovich was always a politician that valued logic over selfless morality. He knew that Humanity had owed the galaxy nothing. As he knew that compared to the other species, Humanity was most likely an endangered species. Sloan probably realized by her silence, that Yankovich was the smartest man in that whole room full of thousands. Her political career was shot, she destroyed it by saying alien lives were more important. Yet, she was only following her party's philosophy.
Months after the congressional meeting, XCOM was in decline. Their funding was cut by a Utilitarianist Presidency twenty years prior. They had to rely on funding from mega corps to stay afloat.
Like XCOM in 2015, they had a Council. But this Council was a group of several mega corps that provided small funding. How small? On average it was around 150 million dollars every month from each corporation. These companies had seen a future alien invasion as bad for business.
XCOM was seen as a relic from a time past. No longer needed for humanity's survival, and simply cast aside for more peaceful methods. Those peaceful methods could jeopardize the security of humanity's foothold in the universe.
Because of the lack of funding, XCOM no longer had the funding to create powerful ships. They had to rely on stealth vessels. These ships were weak, and had regular lances for defense against enemy ships. Their only asset was stealth, and nothing more.
XCOM's soldiers were now nothing more than mercenaries fighting for the next pay check. They were often ex-marines from the Terran Military that came across XCOM when looking for options in security consulting. But there were still screening in their services to make sure they were the best soldiers XCOM could get.
Most of these soldiers were cheap, because their equipment was from their tour of duty. It was one of the perks of working for the Terran Military, it was free gear. But the downside was that skilled Psi-Operatives charged the most. As they were the hardest soldiers to come across, because they were the special forces of the Terran Military.
Psi-Operatives could be paid more for greasing the wheels of a Corporate takeover, or mind-controlling
a rich teen's crush. Despite how petty these options were, they often proved far less risky for the reward. And the most despicable thing about these actions, they're all criminal.
XCOM would hire criminals by often faking their deaths, and replaced them with clones. These clones usually get killed due to a lack of their surroundings. Many Psionic-sensitive individuals who were convicted of crimes such as: serial-murder, rape, and fraud, were hired from prison. This gives them a second chance at life, and a whole new identity.
There was a high criminal population in Psionic-sensitives. It was due to their power that gave them divinity-complexes. That often manifested themselves in crimes such as fraud and rape mostly. Because of this, people think rich psionics mind-controlled their way to the top. Despite this, they were still important individuals to primary industries in Human space.
XCOM was planning a way to create its own super soldiers. Their plan was to use young offenders who were locked up in maximum security adult prisons. They would only get training if they had strong psionic sensitivity. Outside of that, they'd rely on their augmented physical and intellectual abilities to secure victory.
This project was called the Asset Project. That was an endeavor to create soldiers that were superior in every conceivable way to humans. Twice as intelligent, five times as strong, and a lot faster than any human at the top of those areas. The brainchild of this operation was a man named Jack Harper, XCOM's top scientist.
In a base under the oceans of Europa, surrounded by strange lifeforms of all types. XCOM's Headquarters was safely hidden from the public's eye. Everyone inside could see the surrounding ocean, because the architects used windows made from nano material. Frames around these windows emitted holograms and light.
XCOM's board of directors discussed the future of XCOM. Harper the Science Director, wanted to present the Asset Program to the Chairman, Stephan Hackett. But all they did was discuss the funding, and the construction of their newer stealth boondoggle.
"Funding for the X-12 prototype costs billions. I think I have cheaper solution," asked Harper as he poked the center of his glasses.
"What is it, Harper. Not another ludicrous alloy that's one-percent better than previous generations, I hope," replied Hackett as he ran his finger through his beard.
"No. I present the Asset Project. Which is an endeavor to create a small group of super soldiers. These soldiers will have twice the intellect, five times the strength, and twice the speed of even the best in those human attributes. And for just 400 million, we can create an unstoppable army of supermen," replied Harper in amazement.
"Super soldiers? How do you intend to create these supermen," questioned Anderson, the Director of Engineering.
"Simple. The technology's a century old. Molecular Nanotechnology. Small implants that contain billions of nano machines in each. Each implant could enhance one ability. For example: stimulating the production of adult stem cells, which can give a soldier the ability to recover from crippling injuries in days. That's the first implant. The others are still on the drawing board," explained Harper.
"That's fascinating. But what makes them so unique from other soldiers," questioned Hackett in confusion.
"Training. Except for psionics is a non issue. All they need to know is how to shoot or throw a grenade. The rest will be gained from their superior intellect, which will allow them to adapt quickly to their foes' movements. Their reflexes and their increased IQ will make them able to aim with perfect precision," elaborated Dr. Harper.
"That's brilliant, Harper. If they learn fast enough…well. Training is just the battlefield. Their abilities combined make one invincible," replied Director of Engineering, David Anderson.
"What are the candidates for this Project going to be," asked Hackett questioningly.
"Juvenile offenders that are aged 14-16. Not the petty criminals. The hardened ones who robbed banks, or shoot up schools. They would not be missed when we snatch them from prison," answered Dr. Harper with a devilish smile.
"Brilliant. But I'm going to need to shelve your idea for now. Once we've determined that there are threats to humanity in space. The Asset project will be immediately activated. Until then solve work out the other implants," replied Hackett as he steeples his fingers.
On the well-lit area of the Presidium, a Human diplomat met with the Citadel. His name was Donnel Udina who hailed from East India. This was his first negotiation as a Diplomat, before, he could only get a job as a hostage negotiator. His job was to inform the Council on the Congress' decision.
The ring of the Presidium reminded Udina of the Residential District of his current residence. It reminded him of that when aliens looked at him in curiosity. All of them wanting to engage Udina in conversation. The Commandos telling people to not distract the human as he walked to the Presidium elevator.
There was an asari diplomat at the elevator to the Presidum Tower. She was the same Diplomat the President spoken with a month ago. She waved at Udina as he was being escorted to the location. Not even the President knew her name, she was a mysterious character.
As he moved in closer she made eye contact with Udina. Udina looked at her back, and realized how similar alien social cues are to humans. He could tell by that she wanted him introduce himself.
"My name is Donnel Udina. I'm the soon to be Secretary of Interspecies relations. Who are you," said Udina with a boastfulness.
"My name's Nassana Dantius, I'm the Diplomat who talked to your President. You have the exact same attitude as well," she said, as she shook her head a bit in disappointment.
"I'm just here to give the Council the President's decision. After that I'm going to have lunch with an online date from the Internet," replied Udina.
"Okay. Let me just get you to the Presidium Tower. Oh, I'd recommend changing your attitude. I can understand your attitude towards aliens. If I was in your President's position it would be no different. But let's just say this Council is no-nonsense. Sort of," explained Nassana with frustration over the Council.
Udina and Nassana walked into the elevator. Udina got the unfortunate privilege of listening to the terrible elevator music that looped. Even the frustrated Asari could not take the music, it was like she was on her last straw. She was frustrated with her job as it was.
"What seems to be the problem, Nassana? You seem kind of… frustrated," asked Udina with sympathy over her emotional state.
"The Council was not happy that I could not get your President to join them on the Capitol Star Base. Because they wanted to see the technological wonder your species created within less than a century of going to the stars. It was basically the first non-prothean mega-scale engineering feat," replied Nassana.
"That's just a large Stanford Torus. We had those in concept since the 1970s. Over a hundred years before we left our home planet," replied Udina as he downplayed the feat of technological engineering.
She was now calm and quiet, as she realized it was just a century old concept that made it into reality. In that Udina explained the Capitol Star Base, the elevator reached the Council Chambers. And the transparent, plastic door slid upward.
Nassana left Udina as he walked up the stairs to the Council. He was amazed how these Protheans blended nature and technology. There was trees that decorated the office, and they were tall alien trees from New York II. These Protheans must have explored the galaxy to gather all these plants. He even wondered if the Protheans were victims of the Ethereals from their disappearance.
As he met one of the councilors. Udina noticed three, one salarian, one asari, and one Turian. One of them looked directly at Udina with suspicion. The Asari was neutral; the Salarian seemed fascinated with the human.
"It's interesting to finally meet a Human. I assure you we're not how your reactionary President paints us," greeted the Asari Councilor with gratitude.
"I would not call his suspicion xenophobia. He's just afraid his rival party would increase taxes on the rich and middle class. As well as lose human cultural identity to appease aliens," explained Udina with a smirk.
"Why would they raise taxes on hard-working humans? Is it to help the poor? Pay for medical? Or anything like that," asked the Turian Councilor with suspicion.
"Of course. But not help us. It's to incentivise immigration for aliens. Give them free money and services at taxpayers' expense," explained Udina with concern.
"Looks like your species needs to clean house. That's not appeasing. That's just merciful racism that only benefits aliens. It's like they're just rear-kissing," replied the Turian Councilor.
"What's that 'political party' called," asked the asari councilor with disdain as she finger quoted one of Udina's sentences.
"The Utitilitarianist Party? The Yankovich Administration laughed it out of existence with his arguments to Congresswoman Sloan. They do, however, make up one third of the Legislative and Executive Branches of our government. I hope they dissolve! They lost credibility with one of their President's, who cut funding to XCOM. When Yankovich won. Their voters rioted on the streets. Dragged rich people out and killed them," replied Udina with disdain over that political party.
"That party will eventually dissolve. They made a fool of themselves recently. I don't think they'll recover," said the Asari Councilor with reassurance about that problematic party.
"Your technology. Speaking of which, we won't be able to reverse-engineer. Your species is the only psionic-sensitive species left. No psionics, no reverse engineering your technology. So only a small few of the galactic community's undesirables can get energy weapons and power armor. And we doubt they can attack even a freighter. So your species' weapons would only appear on black markets for immensely high, prohibitive prices," explained the Asari Councilor.
"Good. Now that I know my species is going to be fine. I think the President will be happy with the results of this diplomatic meeting with your civilization," said Udina as he was going to leave the Council Chambers with the news.
submitted by JacksonHarper12 to HFY [link] [comments]

[Table] I am a Tesla Model S owner, AMA

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Date: 2013-02-16
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Questions Answers
If there was one thing you could change about the car what would it be? (Im a Telsa Engineer so I want to some feedback) My wife says a way to close the charge port from inside. She always forgets to. She'd like to have the profile remember her radio station too. And a place to hang dry cleaning. I'd like the car to know which of our two keys goes with which profile. I hit my head on the roof because she likes the seat so high. I mentioned some other stuff below, but it's all pretty minor. pm me if you want more.
*Tesla Engineer.
And a place to hang dry cleaning. What? We get some office clothes dry cleaned and we have to lay them down in the back of the Tesla because there are no handles or hooks over the doors like every other car we've ever owned.
Was the decision to purchase such a high end vehicle more of an impulse buy or did you research for a while and look at other options? Are you satisfied with your purchase? Anyways, I hope you are enjoying it! TL;DR Satisfied and love the car, the total cost was still personally quite high.
It was not an impulse. I have a friend who got the Tesla Roadster, and he let me drive it, first on the road, and then at an auto-cross track. (It drove like a sports car). But we didn't want a sports car, we preferred the sedan, so when the Model S was announced, we thought about it a lot and decided to get it, part spoiling, and part to support the idea of nice electric cars. We put some money down a couple years ago, and the more when we decided to get the signature series. We got the signature series in part because it brought us to the front of the line, and from the belief that having a limited edition version of a car can help preserve its resale value. I'm really satisfied with the car, I really enjoy it. The only regret is that it really was a lot of money, beyond what we planned. The car was announced as $57,499 with a $7500 federal tax credit for getting an electric car, but once you added the options, primarily longer battery range, it rose to $100k. We had big reevaluate and decided to go ahead anyway.
At what kind of average, stable income do you feel getting a car with this high of a price is worth the return on gas savings? Secondly, do you believe it is worth mortgaging the car to buy it? I got the super high end version for $100k, and I wasn't very comfortable with it. I paid cash because I hate consumer debt. It put a big dent in my retirement savings but I really want the world to have electric cars that are nice instead of like souped up golf carts. Honestly, I'm not the best expert to say what stable income you should have. I will say that you save a lot on gas and actually on maintenance, so I think it becomes comparable to other slightly "cheaper" luxury vehicles like a Mercedes, BMW, or Lexus.
In what way does an electric have cheaper maintenance...? I know there's less moving parts, but that battery's gonna fail sometime. You don't need a bunch of things like oil changes, and the fewer moving parts is super important. The yearly subscription is supposed to be around $600 (they haven't sold it to me yet). The battery has an 8 year warranty, so I don't need to worry in that time. The expected battery replacement cost is $12,000. So if after the warranty expires, it immediately dies, then I have spent $1500 per year, and divided by $4/gallon is 375 gallons, and if we multiply that by 30 mpg, we get 11,250 miles per year equivalent. So anything I drive past those 11,250 miles should be "free". (Unless I screwed up the math). Also, I didn't take into account electricity cost.
Other thought, does Telsa warranty the battery or the manufacture of the battery? I ask because if Telsa as a company fails in five years what recourse if any do you have? I'm sure if Tesla goes away some third party or custom guy would be able to help me out, and it would be horrible. But then I might be able to sell the car to a collector knowing there will never be any more and mine is limited edition.
What kind of miles are you primarily putting on it? City vs highway? It's a mix. I do some things nearby, and somethings about 30 miles away. I actually stopped working about the time I got it and haven't decided to get another job yet, so it just varies.
Is the car getting you laid? No. I am married and faithful, so change in car status does not change the quality or frequency of my sex life.
No. I am married. That's all you had to say. I wanted to believe my answer was a little funny.
What is the furthest you've driven it? I drove from town to a nearby ski resort, parked for the day, and drove back. The ski resort is about 75 miles away. It appeared to use a lot of my charge on the way up, but coming down the mountain I drove 20-30 miles using basically no energy.
TL;DR 150 mile trip with cold and a mountain.
You didn't have any problems with the conditions? I have performance tires and when I got to the parking lot I had very little friction. I got some spikes-spiders for future snowboarding trips.
I had to get a push to get started a couple of times, and when I got to the edge of the parking lot I fish-tailed severely. You can imagine the nervousness in such an expensive car.
How does the car ride? Does it handle like a sports car? It's super smooth with strong acceleration. The giant heavy battery at the bottom makes it very stable, but it doesn't have the agility of a sports car.
I haven't had much in the way of safe opportunities to really push the limits, but I plan to go to the track and have a trainer help me learn more.
How does it compare to other cars you have driven? Also, how is the steering feel? It's the nicest car I've ever driven. The steering feels normal. It's different than the Prius (larger wheel) but I don't really know how to describe it.
What happens if you're stuck and without a charge? Also, how long does it take to charge your car? You call Tesla and they tow it somewhere. It's shitty like running out of gas, except worse because it is an automatic tow. This has never happened to me.
Whenever I get home for the day, I plug it in and leave it and it is always charged by morning. I use a standard 220 volt plug like you might have in your garage in the US. The Tesla guy told me that at 30 amps I should get about 30 miles of range per hour. I actually have about 40 amps.
There are additional options you can buy to charge faster, like getting a high performance charger for your garage, and I think there is a double charger you can get for the car. You can get to a point where you can get a full charge in an hour, like using their super charger network.
Has the backseat seen any action yet? Yes. I regularly have people point, smile, give me the thumbs up, or stop me in the parking lot to ask me about the car. "It has speakers so loud, it blows women's clothes off."
No.
Do most people recognize it as a Tesla or are they mostly just pointing out the neat design? I think the ones who notice do so because they recognize it. But unless I talk to them I don't really know.
Was the experience what you had expected? Yes. I drive it around like you would any car, except I never go to the gas station. I was shocked at the incredible acceleration because my previous car was a Prius. The luxury is very nice as well.
One thing I didn't expect is that they regularly patch the software with updates over the 3G connection. They've fixed minor bugs and added features this way. Minor bugs were things like a small screen corruption. Features were things like profiles so my wife and I can each get our seat settings automatically remembered individually.
There have been a couple minor things that I would expect from a luxury car that were missing, like there's no place to hang up the dry cleaning. I also felt that they should have an automatic volume adjustment based on speed since there is still some road noise.
Did you pick up the car yourself or did you get it delivered to your house? How long have you owned it and how many miles have you put in it so far? When it comes to say a tire rotation would you just go to a regular mechanic or have to go to a Tesla dealership? They delivered it to me last Sept. In fact, there was a surprise $1k delivery fee on the final bill (before delivery).
I haven't needed that yet, but I'll probably go to Tesla. I'm planning to buy their maintenance plan anyway.
I also had a recent problem with my 3G, and they came and picked it up, took it back, did the repairs, and brought it back to me. No charge under warranty.
Was it a no haggle price or could you negotiate off the sticker? No haggle. They have customers on a waiting list, they have no need to negotiate. And really, I think they are pushing hard to make the money to fund the company and the next model they want to build.
They've taken a couple sources of investors to keep the company going.
Were you ever a "car person" before owning it? Do you ever miss owning a gas-powered car? I was not a car person. My Roadster owning friend had previously had a Porshe as well, and let me drive that for autocross, and that was more than enough for me.
I also really like Project Gotham Racing on the XBox.
We still have a Prius as a second car. I never drive it. But in the unlikely event we were planning a road trip and couldn't easily come up with a charging plan we would just take it.
I'm a Roadster owner myself. How does the Model S compare? Where the Roadster is sporty and optimized for speed, the Model S is luxurious and solid. The Roadster is a lot louder, obviously not from the motor, but from wind and tire noise. And the Model S is a lot easier to get in and out of, and has tons of cargo space.
I love electric vehicles. I believe them to be the future and a necessary step in human evolution. So I'm with you on it. But I have a couple of questions and comments. Ive read that the carbon cost of producing a hybrid or electric vehicle is great than a standard vehicle. Turns out that getting all that lithium is a very messy ordeal. I was wondering if you've heard the same and what your thoughts on the subject is? Are you worried about having to replace the battery in a couple of years? Thats the one thing that keeps from me investing in an electric vehicle. I don't know what my financial situation will be in 8-10 years and buying a new battery sounds like a pain. How much does it cost to completely charge a drained battery? I didn't worry about the carbon cost because I believe we need to get to having electric cars, but I also believe that battery technology is heavily researched right now and we will have breakthroughs, possibly before my battery dies. So lithium may be a relatively crappy way to build electric cars now, but once we have good charging networks, the demand for better batteries that last longer, weigh less, are easier to produce, and charge more quickly will grow.
Would you say your interest in electric vehicles is purely technology based or environmentally based? For me, personally, its 85% tech and 15% environment. My interested in electric cars is probably similar to yours: 85% tech, and 15% environmental/political. By political I mean reduction of use of oil, similar to environmental.
I don't worry about the battery replacement that much. While the money matters to me, it's too big of an unknown too far away in my opinion. It could be cheaper by then. I could have sold the car by then. They could have had to replace the battery in the 7th year by then so I feel like I've got a lot of life left in it.
We are of the same mind. I too feel we need to urgently ween ourselves from the oil teet. asap too. I had to look up the cost per charge on Tesla's site. Looks like about $10 depending on your state. How often do you change it? I typically plug it in when I get home and don't expect to go out again, even if I've driven a few miles. It's not much trouble at all, and of course I never go to the gas station.
How long do you think it will be before we all have induction chargers built into the walls/floors of our garages and we won't even have the trouble of plugging it in? Wild speculation here, but I think a long time because I don't think that will be nearly as energy efficient as a metal connection. I think more likely would something that would notice the car and just make the connection for you.
What do you do for a living? I am in the computer industry, originally a programmer and now a manager of business groups that produce software.
How warm can the interior get? How long does it take to get the interior to it's warmest setting? Thanks. BTW i really want to buy this car, but i live in the Midwest and am starting to think it's not a good cold weather car. Even going up on a snowboarding day to freezing temperatures it doesn't have trouble heating up. In fact, since it is just an electric heater it starts warming up sooner, and it has heated seats as well.
I think the heating issue is more about taking a range penalty rather than the ability to heat.
I used to live in the interior of Alaska, so I sympathize with your temperature questions, -40 is a lot different than 28. Since I don't have personal experience with the car at those lower temperatures I would talk to Tesla about it.
I want to drive one of those so bad! how much does it cost to charge to do a full charge with the standard charging system? and how is the touch screen console? Answered the cost to charge below, but approximately $10.
The touch screen console is really good. And in a recent update they added some voice commands, so I can hold a button and say, "navigate to XYZ," and it will give me a list of possibilities.
With the touch screen, you can have your music (radio, internet radio, or device through USB or bluetooth), navigation, energy consumption, rear facing camera, or web browser (I might have missed one). You can either have two of these up at once or make one full screen. Full screen navigation is quite nice. But there's also a good local navigation next to the speedometer that also shows things like going down a hill so you can see your next turn really clearly.
I don't really use the web browser because I don't want to die. But I did have a passenger use it once to look for a couple of things (again, I wasn't paying attention to the screen). I heard a rumor that they were going to disable it at some point for safety reasons. I hope if they do something like that they do it only if the car is moving and the passenger seat is empty.
I thought I would miss tactile feedback, but there are good hardware controls on the steering wheel for the most common things, so it hasn't been an issue.
Does your insurance company have any problem covering a car with such a high purchase price? No problem, they are happy to take bigger premiums to cover the risk.
Obviously you don't drive it the same way a test drivejournalist would do, but what are your thoughts on the the recent New York Times debacle? I would be shocked if Tesla would give a journalist a road trip plan with a significant chance of failure. Now a CNN guy tried the same trip with no problems, and I just saw on the front page of reddit that 6 owners are trying the same trip as well. I think empirical data is a good way to decide it rather than speculation.
You don't need a bunch of things like oil changes, and the fewer moving parts is super important. The yearly subscription is supposed to be around $600 (they haven't sold it to me yet). The battery has an 8 year warranty, so I don't need to worry in that time. The expected battery replacement cost is $12,000. So if after the warranty expires, it immediately dies, then I have spent $1500 per year, and divided by $4/gallon is 375 gallons, and if we multiply that by 30 mpg, we get 11,250 miles per year equivalent. So anything I drive past those 11,250 miles should be "free". (Unless I screwed up the math). Also, I didn't take into account electricity cost. If you take into account electricity costs, do you think it's still worth it considering that you had to pay 100k for it? If you mean versus those other luxury cars, I think it is too close to call, especially since I haven't done good cost analysis on buying and keeping up with them. I wouldn't have bought such an expensive car if it wasn't electric, so that's why I don't have the hard math on the difference.
If I really wanted to look at cost efficiency in an electric, I would analyze the Nissan Leaf vs a bare-bones Tesla Model S. The Leaf is still pricey (I think $40k), and it has much more limited range (75 miles), but if you wanted a commuter car and live within 25 miles of work, I think it would be great.
How many miles can it go if you drive it at its top speed? I'd say statistically it varies from about 5 to 30, depending on when the cop catches you and arrests you.
What is the top speed? I don't know but I bet they have a limiter in the 110-120 mph range.
What don't you like about it? Parking proximity detectors.
Cruise control proximity regulator.
Automatic volume control based on speed.
Originally didn't have driver profiles for seat adjustments. Now does, but doesn't include temperature settings, radio stations.
No "oh shit" handles for hanging stuff up.
Windshield wipers are good but not great.
[fixed] wiper algorithm used to suck (like should immediately start if I crank it up a notch, even from intermittent 1 to 2)
Things that can be fixed in software keep showing up, and it's really nice.
Edit: formatting
Amazing how they are updating the car over the 3g network. But it sounds like a nice target for a hacker too. Hopefully they connect over SSL, and if it were me I would make the low level updater only update with a binary that was digitally signed by Tesla.
Are the electronic systems in the car (radio, navigation) powered by the same battery that powers the engine or is there a separate battery for those? There's a separate 12V battery for those, but it gets charged by the rest of the system. They had a bug for a while where if you left it for a long time, under some situations it would drain that 12V battery. I went on a trip for a couple weeks and when I came back it was dead. The service people came to my place and fixed it.
As a muscle car enthusiast (75 trans am street/strp and 72 monte carlo strip only) my question pertains to use and comparisons to modern gas vehicles. It is a modern car, and completely feasible for daily use.
How feasible is this thing for a typical daily driver? What about maintenance, is there a steep learning curve for those of you in this club that are mechanically inclined? Price of repair parts? I think it is worse for the mechanically inclined because it is a battery, an electric motor, and a computer. There's probably less than usual for you to self repair. Fortunately, I believe the need should be lower than usual for the same reasons.
How would you rate it as a pussy mobile? Do the environmental chicks jump all over you now or what? Car buffs. The thing is beautiful and awesome and won like three car of the year awards.
Environmental types. While I don't check for hairy legs or Birkenstocks, having an all electric does get some pacific northwest appreciation.
Status aware. It's a high end and exotic luxury car. I didn't get it for status, but I don't mind. I've been asked about it by multiple lawyers.
The curious.
Is it unsafe to leave it in charging for a long time? How long do you usually have to charge it? How far can you go on a charge? They recommend you leave it charging, especially if you will be gone for a long time like on a trip. They have a computer on board to make decisions about whether to take the charge or not, and scientists wearing white smocks to determine the best charging algorithms. I usually charge it every night.
You have two options when charging, a normal charge that takes the battery to 90% only, or a range charge that tops it off. The normal charge is preferred because it is better for the battery life to avoid either a full charge or a complete empty.
On a normal charge, I am rated for I think 270 miles. I think in practice the way I drive that is more like 220-240 miles, including heating, an occasional tendency to "enjoy" the acceleration, etc.
How fast does driving 30 minutes on the highway at 70 mph drain the battery compared with driving 55 mph on the highway for the same period of time? I don't have a precise answer for you, but I know it has an impact, just like the impact driving 70 mph has draining your gas tank vs 55 mph for the same time. If you forced me to guess, I would say 5-15% worse range.
On the dash there is an energy consumption meter that tells you how much energy / mile you are using. In goes up and down all the time as you accelerate, slow down, climb hills, etc. It shows you how you are doing compared to a "rated range". I rarely achieve the rated range, and then it is if I can go a steady 55-60 mph on a flat stretch.
In practice, I never really worry about it and drive however I want with the temperature set to what makes me comfortable. With 270 miles of range I'm always home well within the limit driving like I normally would in traffic, even when I go to the ski resort.
How long did you have to wait on the waiting list? 2 years. But most of the wait was because the car wasn't out yet. My car was after about a dozen founders, and about 270 other signature owners.
How long does a charge take? 1h 15 min / 40 miles. They have a Charging Calculator Page
Does it have a 110v charging option? Yes. It comes with adapters for regular plugs, dryer plugs, and commercial charging stations. But regular plugs have such low amperage I think it takes ~infinity hours to charge on that.
Though you've touched on the way you drive your car, how you drove it on a trip, and when you charge it, how do you feel about the Telsa vs. Times? I feel like Times is quite off in the article but I don't have a Tesla. And as always, thanks for doing the AMA. I think there is something fishy about the Times situation, but I like proof a lot more than a quick conclusion. We're getting a lot of new examples of people doing the same route no problem, which makes Times look worse, but I would ask the next question that is was there something wrong with his specific casituation?
How much room does the car have? I'm 6'7" and just wondering if this is tall people friendly. My brother-in-law is 6'7" and in the passenger seat he said it was fine. He suspected without the sunroof it would be close. He commented in particular he was pleased that his knees didn't have to push against the dash. He didn't sit in the driver's seat when offered.
Do they cover if the battery dies? If not, how much to replace? For my battery, they have an 8 year, unlimited mile warranty.
I believe the estimated replacement cost is $12,000.
Wtf $12000 just to replace the battery? Sounds a little expensive. It's like 1000 laptop batteries. (not sure on actual number)
Big Macs or Whoppers? Paleo, so neither. But back in the day I didn't care, but marketing controlled my brain because I think I usually defaulted to Big Mac. When I ate fries I liked McD, unless I was in CA in which case In-n-out all the way, baby.
How is the air conditioning on it? does it blow pretty cold? Yes. I haven't needed it much so far but it does blow chilly air.
How far do you go between charges? Do you commute in it? How far? Do you charge at work? I usually go local places, so between 50 and 150 miles is normal for me. I haven't bothered charging away from home.
Why doesn't the car have 3g/4g instead of just 3g for that price? any reason? I don't know, but I would assume either at some point they had locked down hardware and a project delay would have been required to change, or that 3G was good enough for showing maps and listening to slacker.com internet radio so an upgrade would have raised the cost unnecessarily, or both.
Whats the fastest you've driven it and what was it like? I think I was passing one time and went 90-100 mph. It's fast, but the car was still super smooth so it didn't quite feel like it.
Many years ago I drove another car about 130 mph on a straight away with no other cars around and it was scary.
How did you afford it? I worked 20 years, got somewhat lucky with company stock, saved more than I spent, and went a bit out of my comfort zone for this purchase. My wife works too, and that is a huge impact.
I would love to be able to purchase one of these cars eventually. Would you buy it again if you could go back and redo the purchase process? I would buy it again.
Also, is the charger for one of these cars portable? It comes with a cable you can plug in with several adapters.
To both? Hard to pick one, but favorite 3 is probably never going to gas station, fabulous acceleration, and general luxury.
With the heater on full blast how much does it eat into the range? I don't actually know, sorry.
How much does it cost after you count all the gas you save? Tl;dr I'm guessing $1500/year in gas and $500/year in maintenance.
Assume 15k miles/year. Gas for that would be 15k / 30 mpg * 4 dollars/gallon = $2000 / year Electric is 15k / 270 range/charge * $10 per charge = $555 / year Savings is $1444 / year. Paid no sales tax because it is electric. ~$9000 Federal tax credit because it is electric. $7500 Don't know relative first year maintenance. I'll wing it and take $500. First year "savings": $18,444. (You could discount the sales to a percentage of your cheaper car, but I didn't).
Would you have no hesitation to charge that car to 100% for a 200 mile trip or would you prefer to charge to 90% and attempt to limit the reduction to the long life of the battery ? I would be confident in a 200 mile trip at 90%, but when I took my first drive to the ski resort I did a range charge to be sure I would make it.
I am not reluctant to charge to 100% for the occasional specific need. I hope that answered your question.
What is the plug-in situation like? Is it a special outlet? If not, I could see it being difficult going long distances and finding proper outlets to re-charge your car. It comes with a cable that has adapter plugs for a regular dryer outlet (the normal way), a totally normal outlet (incredibly slow), and the standard for commercial plug-ins.
Sorry if you've already answered it but do you only have it to get higher on the list for the roadster? Or do I have that backwards. I have it because it was the car I wanted. I think roadster owners got priority for the Model S.
Do you live in silicon valley? No.
Okay. Do you race people ever? Maybe on a spirited drive? Nice car btw. But I hear that if you try to roll race a BMW F10 M5 stock, you'd lose pretty bad. :) Not really, I haven't been on the road when it would be vaguely feasible. Watch this video of the Model S vs the BMW M5. It's closer than you might think.
I'd like the car to know which of our two keys goes with which profile. I hit my head on the roof because she likes the seat so high. I mentioned some other stuff below, but it's all pretty minor. pm me if you want more. Actually I think I might go with a cruise control speed limiter based on car proximity. Cruise control loses most of its value in variable speed traffic. That, and some of these other features (and parking proximity warning) were things I assumed would come with such a high end car, and while their absence doesn't make me sad, it was a slight surprise.
I wonder what the spread of owners is across the country. I also live in Washington (Redmond) and at my company there are 4 S's in the parking lot (about 500 employees). I see a ton around here, but when I talk to others around the country they seem pretty rare. It's popular in the pacific northwest. I don't know the actual numbers. Maybe ask them at Bellevue Square.
I think he's a not-very-dedicated novelty account. Half his comments are trolling, the other somewhat acceptable. I didn't intend my answers to be trolling. If I wasn't very specific, it's probably because I wasn't sure of the answer, or if the question was silly in the first place.
How do you feel knowing that your car runs on coal? Most of the local energy is hydro electric.
I'm sorry, but I'm going to plug myself in here because I'm at a loss: I've been trying to apply to Tesla Motors for an engineering position (graduating May of this year), but there are NEVER any job openings! Any advice?! Not really. But as I understand it, a roadster owner hacked the log files and created a utility that let you monitor a bunch of things about the car in an app or website or something and then later got hired by Tesla. He probably used up that route in the process.
Be amazing. Demonstrate passion for the space.
Last updated: 2013-02-26 18:03 UTC
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