One of the UK's biggest trading platforms saw a huge spike ...

Bitcoin mentioned around Reddit: IG Announcement to Tron Community Group extends the 100% sharing of the Reward Shared with Voters for the first token minable with human energy /r/ProjectOblio

Bitcoin mentioned around Reddit: IG Announcement to Tron Community Group extends the 100% sharing of the Reward Shared with Voters for the first token minable with human energy /ProjectOblio submitted by cryptoanalyticabot to cryptoall [link] [comments]

Bitcoin mentioned around Reddit: IG Announcement to Tron Community Group extends the 100% sharing of the Reward Shared with Voters for the first token minable with human energy /r/ProjectOblio

Bitcoin mentioned around Reddit: IG Announcement to Tron Community Group extends the 100% sharing of the Reward Shared with Voters for the first token minable with human energy /ProjectOblio submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Complying to a scammer, but not quite the way he wanted me to!

(To any moderator, I have anonymitised everything and made sure that it is according to rules of this subreddit,I wanna share this story so please let me know should further editing be required ! please Consider this person has likely stolen thousands and thousands of innocent people so i wanna spread awareness!
So the other day (actually my birthday too :)) I found this account on IG, I saved him as Scumm in my phone but he claims to be an "Alex", hit him up if you wanna get rich it is a fiest. So i hit him up and be like:
[19:00, 23/09/2020] OP: Hello sir I am Tom, I read a lot of things about Forex and crypto and your page in particular and just inherited some money from a relative , I heard so many good things I thought you might help me invest some of that money so it is not lost?
Kindly
[19:08, 23/09/2020] Scumm: Ok
[19:08, 23/09/2020] Scumm: Welcome
[19:08, 23/09/2020] Scumm: Where are you from?
[19:09, 23/09/2020] OP: Germany
[19:09, 23/09/2020] Scumm: Ok Tom
[19:09, 23/09/2020] Scumm: We specialise on Stock And cryptocurrency trading, with the sole aim of making awesome profit from the rapid changes in price of the assets and currencies we trade. We are group of professional market analysts that studies the market picking the best assets to invest on, and as well the best cryptocurrency pairs to trade on. We have mastered risk management and as well best possible strategy to maximize our clients Profits
[19:10, 23/09/2020] Scumm: With the minimum investment of 1 BTC you can make 3.8BTC in a month
[19:11, 23/09/2020] Scumm: If I may ask do you have a Bitcoin Wallet address?
Now you can see how this is a scam and no one should ever follow such ludicrous claims! 380% in a month, if sb knew how, they wouldnt share that ,not in this world, not in this century... So i amlike:
[19:15, 23/09/2020] OP: I'd be willing to invest even 2 bitcoin but I would need your company credentials and iban to send money to
[19:19, 23/09/2020] Scumm: I can only provide you a US account to make payment
[19:19, 23/09/2020] Scumm: This if gonna be possible
[19:19, 23/09/2020] OP: Hmm I'll see maybe that works
[19:19, 23/09/2020] OP: Easiest would be IBAN
[19:19, 23/09/2020] OP: Your company does not have any European bank accounts?
[19:19, 23/09/2020] Scumm: IBAN
[19:20, 23/09/2020] Scumm: Mate I always follow procedures so I have not accept Transfer for deposit
[19:20, 23/09/2020] Scumm: But I will see to that ok
You see where this is going I want some info and make him believe he or one of his mules at least gets sweet sweet cash. NOT SO FAST
[20:49, 23/09/2020] Scumm: I’m waiting on my Colleague to forward details to me now
[20:49, 23/09/2020] Scumm: Ok so you are not sending today?
[20:49, 23/09/2020] OP: Thank u so much
[20:49, 23/09/2020] OP: I can try but I have to call bank
[20:49, 23/09/2020] OP: For over 1000
[20:50, 23/09/2020] Scumm: Ok ok mate
[20:50, 23/09/2020] Scumm: Good
[21:08, 23/09/2020] Scumm: XXXXXX XXXXXXXX
XXX Bank
Account number: 8XXXXX0
Sort code: XXXX
IBAN: GBXXXXXXXXXXXXXXXXXX
[21:08, 23/09/2020] Scumm: Are you there Mate?
[22:43, 23/09/2020] OP: Yes hi thank u so much
[22:43, 23/09/2020] OP: Let me chdck
[22:46, 23/09/2020] Scumm: Ok mate
[22:53, 23/09/2020] Scumm: Are you trying to send it now mate?
Spinning it furtherly: I just tell some yada yada about how it takes time and a signature since its such a large sum!
[11:46, 24/09/2020] OP: Do you have license
[11:46, 24/09/2020] Scumm: 25BTC too small for even my students 😂 /\SURE buddy! */*
[11:46, 24/09/2020] OP: NASAA 67?
[11:47, 24/09/2020] OP: For financial advisor
[11:50, 24/09/2020] OP: This
[11:50, 24/09/2020] OP: Sorry was upside down
[11:50, 24/09/2020] OP: ?
[11:51, 24/09/2020] Scumm: I’m an independent expert trader and portfolio management in crypto market
[11:52, 24/09/2020] Scumm: License only met to give out from head of Admin
[11:52, 24/09/2020] OP: Ah kk
[11:52, 24/09/2020] Scumm: Yes mate
[11:52, 24/09/2020] OP: But normally 67 and 68 is required
[11:52, 24/09/2020] OP: For normal managers?
[11:53, 24/09/2020] Scumm: Yes
[11:55, 24/09/2020] Scumm: have no worries mate
[11:55, 24/09/2020] Scumm: 100%
Now this is quite interesting NASAA 65 and 66 are licenses needed to be an account manager in the US so if he was he should know that i just made up 67 and 68!
[19:20, 24/09/2020] OP: Ill makethe first payment asap, but i cant make my bank go faster sorry
[19:21, 24/09/2020] OP: howeverone thing:
[19:21, 24/09/2020] OP: most of the moneyigotis still in USD isit possible u said invest and send to USbank too?
[19:21, 24/09/2020] OP: for 20kUSD and above
[19:22, 24/09/2020] OP: its hard for me topurhcase that much bitcoin on my own right now
[19:22, 24/09/2020] OP: but i see that i can trust you!
[19:22, 24/09/2020] Scumm: Mate ASAP you said you make payment today and you didn’t so I don’t know if you even sure about this yet
[19:23, 24/09/2020] Scumm: I don’t get you please
[19:23, 24/09/2020] Scumm: You mean you want your profit sent to a US bank?
[19:24, 24/09/2020] Scumm: You have no worries about that mate
[19:24, 24/09/2020] OP: I am
[19:24, 24/09/2020] OP: I signed the paper mate I am so happy
[19:24, 24/09/2020] OP: That's all they need I told u
[19:24, 24/09/2020] OP: To make payments international so large
[19:24, 24/09/2020] Scumm: Yeah you said that mate
[19:24, 24/09/2020] OP: I am beeing honest as well
[19:24, 24/09/2020] OP: So I sent it back by post Today
[19:24, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] OP: But I am not at my banks city so post takes 1-2 days and then they can release
[19:25, 24/09/2020] OP: Sorry to keep u waiting
[19:25, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] Scumm: Oh I see
[19:25, 24/09/2020] OP: No what I meant: if I wanna start with more can j invest 20k USD too? I know u usually don't do and j ask very weird questions but I meant
[19:25, 24/09/2020] OP: I am not always home have pc etc but I am in contact with u and my bank
[19:26, 24/09/2020] OP: So is it possible? Otherwise I have to convert USD to euro or GDP
[19:26, 24/09/2020] OP: 40k is sill in USD I have
[19:26, 24/09/2020] OP: That would be even crazier profits 🤑🤑🤑
[19:27, 24/09/2020] Scumm: Now I’m understanding
SO NOW HE IS UNDERSTANDING good good, and almost ready to screw one of his US mules too:
[21:00, 24/09/2020] Scumm: Ok mate
[21:04, 24/09/2020] Scumm: Can they send from US to the IBAN account?
[21:05, 24/09/2020] OGOP: Hm I don't know it's a bit tricky BC I'm no us citizen
[21:05, 24/09/2020] OGOP: I have one iban authorised to cash all out in euro
[21:05, 24/09/2020] Scumm: Ok ok mate
[21:06, 24/09/2020] OP: And US I think right now
[21:06, 24/09/2020] Scumm: Ok mate please hold
[21:10, 24/09/2020] OP Sure man
[21:11, 24/09/2020] OP: Uff such a huge step for me
[21:11, 24/09/2020] OP: I hope u do it real good 🤑🤑🤑
[21:12, 24/09/2020] OP Do you have customers in US too?
[21:12, 24/09/2020] Scumm: Bank name: Teachers Federal Credit Union
Bank address: XXXXXXX
Account holder: XXXXXXXXXXXXXX
Account Holders address:
XXXXXXXXXXXXXXXXX
XXXX
Routing Number: XXXXXXX
Account number:XXXXXXXXXX
[21:12, 24/09/2020] Scumm: Sure mate //SO HE CLAIMS TO HAVE SCAMMED US CITIZENS!
[21:12, 24/09/2020] OP: Nice
[21:12, 24/09/2020] Scumm: Please make sure you send confirmation immediately
So finally I did not send him payment proof,I sent him a spoofed link to fetch his IP with a link to "payment proof" and got his IP and location (cant showr a real link bc it has my IP in it...) And was like " oh hey how is the whether in Irele, Nigeria??"
Needless to say he blocked me straight away after I called him a disgraceful sc*m but hey..... I still called the corresponding banks, the UK Fraud Action and the FBI just to make sure and shared all of the details without any editting :)
Have fun "mate"! If they can freeze only 1 $ and return it to a likely victim, I am more then happy
Cheers dont get scammed!
TL/DR: Scammed a Nigerian scammer into sending me real accounts, names and details in UK and US (mules) to forward to the police and may or may not have donated 500 to charity.
submitted by elyminas to scambait [link] [comments]

Complying to a scammer... until i dont!

(To any moderator, I have anonymitised everything and made sure that it is according to rules of this subreddit,I wanna share this story so please let me know should further editing be required ! please Consider this person has likely stolen thousands and thousands of innocent people so i wanna spread awareness!
So the other day (actually my birthday too :)) I found this account on IG, I saved him as Scumm in my phone but he claims to be an "Alex", hit him up if you wanna get rich it is a fiest. So i hit him up and be like:
[19:00, 23/09/2020] OP: Hello sir I am Tom, I read a lot of things about Forex and crypto and your page in particular and just inherited some money from a relative , I heard so many good things I thought you might help me invest some of that money so it is not lost?
Kindly
[19:08, 23/09/2020] Scumm: Ok
[19:08, 23/09/2020] Scumm: Welcome
[19:08, 23/09/2020] Scumm: Where are you from?
[19:09, 23/09/2020] OP: Germany
[19:09, 23/09/2020] Scumm: Ok Tom
[19:09, 23/09/2020] Scumm: We specialise on Stock And cryptocurrency trading, with the sole aim of making awesome profit from the rapid changes in price of the assets and currencies we trade. We are group of professional market analysts that studies the market picking the best assets to invest on, and as well the best cryptocurrency pairs to trade on. We have mastered risk management and as well best possible strategy to maximize our clients Profits
[19:10, 23/09/2020] Scumm: With the minimum investment of 1 BTC you can make 3.8BTC in a month
[19:11, 23/09/2020] Scumm: If I may ask do you have a Bitcoin Wallet address?
Now you can see how this is a scam and no one should ever follow such ludicrous claims! 380% in a month, if sb knew how, they wouldnt share that ,not in this world, not in this century... So i amlike:
[19:15, 23/09/2020] OP: I'd be willing to invest even 2 bitcoin but I would need your company credentials and iban to send money to
[19:19, 23/09/2020] Scumm: I can only provide you a US account to make payment
[19:19, 23/09/2020] Scumm: This if gonna be possible
[19:19, 23/09/2020] OP: Hmm I'll see maybe that works
[19:19, 23/09/2020] OP: Easiest would be IBAN
[19:19, 23/09/2020] OP: Your company does not have any European bank accounts?
[19:19, 23/09/2020] Scumm: IBAN
[19:20, 23/09/2020] Scumm: Mate I always follow procedures so I have not accept Transfer for deposit
[19:20, 23/09/2020] Scumm: But I will see to that ok
You see where this is going I want some info and make him believe he or one of his mules at least gets sweet sweet cash. NOT SO FAST
[20:49, 23/09/2020] Scumm: I’m waiting on my Colleague to forward details to me now
[20:49, 23/09/2020] Scumm: Ok so you are not sending today?
[20:49, 23/09/2020] OP: Thank u so much
[20:49, 23/09/2020] OP: I can try but I have to call bank
[20:49, 23/09/2020] OP: For over 1000
[20:50, 23/09/2020] Scumm: Ok ok mate
[20:50, 23/09/2020] Scumm: Good
[21:08, 23/09/2020] Scumm: XXXXXX XXXXXXXX
XXX Bank
Account number: 8XXXXX0
Sort code: XXXX
IBAN: GBXXXXXXXXXXXXXXXXXX
[21:08, 23/09/2020] Scumm: Are you there Mate?
[22:43, 23/09/2020] OP: Yes hi thank u so much
[22:43, 23/09/2020] OP: Let me chdck
[22:46, 23/09/2020] Scumm: Ok mate
[22:53, 23/09/2020] Scumm: Are you trying to send it now mate?
Spinning it furtherly: I just tell some yada yada about how it takes time and a signature since its such a large sum!
[11:46, 24/09/2020] OP: Do you have license
[11:46, 24/09/2020] Scumm: 25BTC too small for even my students 😂 /\SURE buddy! */*
[11:46, 24/09/2020] OP: NASAA 67?
[11:47, 24/09/2020] OP: For financial advisor
[11:50, 24/09/2020] OP: This
[11:50, 24/09/2020] OP: Sorry was upside down
[11:50, 24/09/2020] OP: ?
[11:51, 24/09/2020] Scumm: I’m an independent expert trader and portfolio management in crypto market
[11:52, 24/09/2020] Scumm: License only met to give out from head of Admin
[11:52, 24/09/2020] OP: Ah kk
[11:52, 24/09/2020] Scumm: Yes mate
[11:52, 24/09/2020] OP: But normally 67 and 68 is required
[11:52, 24/09/2020] OP: For normal managers?
[11:53, 24/09/2020] Scumm: Yes
[11:55, 24/09/2020] Scumm: have no worries mate
[11:55, 24/09/2020] Scumm: 100%
Now this is quite interesting NASAA 65 and 66 are licenses needed to be an account manager in the US so if he was he should know that i just made up 67 and 68!
[19:20, 24/09/2020] OP: Ill makethe first payment asap, but i cant make my bank go faster sorry
[19:21, 24/09/2020] OP: howeverone thing:
[19:21, 24/09/2020] OP: most of the moneyigotis still in USD isit possible u said invest and send to USbank too?
[19:21, 24/09/2020] OP: for 20kUSD and above
[19:22, 24/09/2020] OP: its hard for me topurhcase that much bitcoin on my own right now
[19:22, 24/09/2020] OP: but i see that i can trust you!
[19:22, 24/09/2020] Scumm: Mate ASAP you said you make payment today and you didn’t so I don’t know if you even sure about this yet
[19:23, 24/09/2020] Scumm: I don’t get you please
[19:23, 24/09/2020] Scumm: You mean you want your profit sent to a US bank?
[19:24, 24/09/2020] Scumm: You have no worries about that mate
[19:24, 24/09/2020] OP: I am
[19:24, 24/09/2020] OP: I signed the paper mate I am so happy
[19:24, 24/09/2020] OP: That's all they need I told u
[19:24, 24/09/2020] OP: To make payments international so large
[19:24, 24/09/2020] Scumm: Yeah you said that mate
[19:24, 24/09/2020] OP: I am beeing honest as well
[19:24, 24/09/2020] OP: So I sent it back by post Today
[19:24, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] OP: But I am not at my banks city so post takes 1-2 days and then they can release
[19:25, 24/09/2020] OP: Sorry to keep u waiting
[19:25, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] Scumm: Oh I see
[19:25, 24/09/2020] OP: No what I meant: if I wanna start with more can j invest 20k USD too? I know u usually don't do and j ask very weird questions but I meant
[19:25, 24/09/2020] OP: I am not always home have pc etc but I am in contact with u and my bank
[19:26, 24/09/2020] OP: So is it possible? Otherwise I have to convert USD to euro or GDP
[19:26, 24/09/2020] OP: 40k is sill in USD I have
[19:26, 24/09/2020] OP: That would be even crazier profits 🤑🤑🤑
[19:27, 24/09/2020] Scumm: Now I’m understanding
SO NOW HE IS UNDERSTANDING good good, and almost ready to screw one of his US mules too:
[21:00, 24/09/2020] Scumm: Ok mate
[21:04, 24/09/2020] Scumm: Can they send from US to the IBAN account?
[21:05, 24/09/2020] OGOP: Hm I don't know it's a bit tricky BC I'm no us citizen
[21:05, 24/09/2020] OGOP: I have one iban authorised to cash all out in euro
[21:05, 24/09/2020] Scumm: Ok ok mate
[21:06, 24/09/2020] OP: And US I think right now
[21:06, 24/09/2020] Scumm: Ok mate please hold
[21:10, 24/09/2020] OP Sure man
[21:11, 24/09/2020] OP: Uff such a huge step for me
[21:11, 24/09/2020] OP: I hope u do it real good 🤑🤑🤑
[21:12, 24/09/2020] OP Do you have customers in US too?
[21:12, 24/09/2020] Scumm: Bank name: Teachers Federal Credit Union
Bank address: XXXXXXX
Account holder: XXXXXXXXXXXXXX
Account Holders address:
XXXXXXXXXXXXXXXXX
XXXX
Routing Number: XXXXXXX
Account number:XXXXXXXXXX
[21:12, 24/09/2020] Scumm: Sure mate //SO HE CLAIMS TO HAVE SCAMMED US CITIZENS!
[21:12, 24/09/2020] OP: Nice
[21:12, 24/09/2020] Scumm: Please make sure you send confirmation immediately
So finally I did not send him payment proof,I sent him a spoofed link to fetch his IP with a link to "payment proof" and got his IP and location (cant showr a real link bc it has my IP in it...) And was like " oh hey how is the whether in Irele, Nigeria??"
Needless to say he blocked me straight away after I called him a disgraceful sc*m but hey..... I still called the corresponding banks, the UK Fraud Action and the FBI just to make sure and shared all of the details without any editting :)
Have fun "mate"! If they can freeze only 1 $ and return it to a likely victim, I am more then happy
Cheers dont get scammed! Have a wonderful day!
TL/DR: Scammed a Nigerian scammer into sending me real accounts, names and details in UK and US (mules) to forward to the police and may or may not have donated 500 to charity.
submitted by elyminas to Scams [link] [comments]

Daily Crypto Brief for Thursday, June 18, 2020.

This is your ITB Media Daily Crypto Brief for Thursday, June 18, 2020.
In Mainstream Financial News.
CNBC reports: We’ve put a regulatory wrapper around bitcoin, ETC Group CEO says
Bradley Duke, CEO of ETC Group, discusses the launch of the company’s bitcoin exchange-traded product.
Bloomberg Headline: ‘Bitcoin Boomers’ Fuel Growth at Startup River Financial
River Financial Inc., a startup Bitcoin financial services firm, said its number of clients has doubled every month this year, fueled by what it called “Bitcoin Boomers,” or new cryptocurrency investors over the age of 55. ... Since March, Bitcoin Boomers have accounted for 77% of River Financial's volume growth.
The Asia Times Reports: Bolton: Trump wanted to ‘go after Bitcoin’.
In July 2019, US President Donald Trump came out harshly against Bitcoin, broadcasting skepticism about it and other cryptocurrencies to his dozens of millions of Twitter followers, Nick Chong. wrote in Forbes.
Wall Street Journal Headline: Cyber Daily: Oversight of Cryptocurrency and Other Financial Technology Is Evolving
Oversight of Cryptocurrency and Other Financial Technology Is Evolving. Good day. ... Hackers attacking cryptocurrency exchanges in the last 18 months have stolen millions of dollars of bitcoin and other digital currencies. Plus, a large share of cryptocurrency trades appear to be fake, some researchers say.
Forbes Headline: Why Bitcoin Is Valuable - Debunking The ‘Greater Fool’ Theory
Those of us who have spent time investigating crypto—including some of the leading technology companies, entrepreneurs, inventors, and venture capitalists—foresee a future where money moves with the speed of text messages, where financial access is available to all, and where all investors have an easy way to escape the casual destruction of wealth that attends most fiat currencies over time. As this world arrives, you’ll be glad to have bought a stake before the value becomes plain for all to see.

In Crypto Publications headlines.
Cointelegraph reports: Ontology and Bitcoin Suisse Partner to Strengthen European Ecosystems
Blockchain platform Ontology has partnered with Swiss service provider Bitcoin Suisse as part of their European growth strategy. Blockchain platform Ontology and Swiss crypto-financial service provider Bitcoin Suisse have partnered together in an effort to grow their respective ecosystems in Europe and Asia.
Coindesk.com headline: US Drug Agency Failed to Properly Oversee Crypto Investigations: DOJ Report
The Drug Enforcement Administration (DEA) failed to adequately police its undercover agents' handling of cryptocurrency, even years after one of its agents stole $700,000 in bitcoin in 2015, according to a new report from the U.S. Department of Justice's Office of the Inspector General (IG).
Crypto news.com reports on its front page: Insider Claims Trump ’Told Treasury Secretary’ to ’Go After’ Bitcoin - Report
"Don't be a trade negotiator. [...] Go after bitcoin [for fraud]."
submitted by Gigantile to CryptoCurrencies [link] [comments]

Investment Decisions: Bitcoin or Other Cryptocurrencies?

Investment Decisions: Bitcoin or Other Cryptocurrencies?

Author: Christian Hsieh, CEO of Tokenomy
Many investors are facing the decision of whether to allocate some exposures to bitcoin or other cryptocurrencies. The purpose of this article is to clarify those differences and highlight the reasons why bitcoin has become an emerging asset class that can no longer be ignored.
Bitcoin is invented as a peer-to-peer electronic cash system without the need of going through a third party financial institution1. Since 2009, the Bitcoin network started the longest running blockchain that ensures high security and prevents double-spending. Since then, there are many other cryptocurrencies came out to address different solutions, such as offering faster transaction speed or shorter block processing time. Examples like Litecoin, Ethereum, Ripple are just a few representations of an ocean of similar cryptocurrencies that emerged out to claim their domains in the cyberspace. Below we are listing the top 8 cryptocurrencies and their features for comparison purposes.

SOURCES: https://www.ig.com/sg/cryptocurrency-trading/cryptocurrency-comparison
All cryptocurrencies – including Bitcoin, Ethereum, and others – share a few key characteristics:
  1. A transparent, auditable, and predictable supply schedule
  2. Censorship resistant – no one can prevent any holder from spending his crypto.
  3. Permission-less – a user does not need to ask for permission to begin using these systems. He just downloads software, generates private keys, and can start, no questions asked.
  4. Self-sovereign – a user owns bearer assets. He doesn’t need to rely on a trusted party, and therefore he can walk across borders carrying $1B in his head.
  5. Divisible — can be divided into small increments that can be used in exchange for goods of varying values
  6. Portable — meaning that it can be carried
  7. Fungible — meaning all units are essentially interchangeable3
However, the differences of these cryptocurrencies are mostly technical. It requires more observation time to determine what role each cryptocurrency is playing to justify the purpose of their existence. Currently Ethereum is experimenting the smart contract domain, Ripple is attempting to facilitate faster cross-border remittance settlement, and Litecoin or Bitcoin Cash is trying to improve the transaction speed to allow day-to-day payments using cryptocurrencies. These utilities are all essential to build a complete new ecosystem powered by blockchain, but it may take decades for multiple testing to eventually reach wide adoption. From an investment point of view, only bitcoin seems to justify the claim of a digital gold, or a decentralized store of value. After all, it possesses the largest networking effect, longest blockchain, most secured and decentralized network, and accepted by most merchants.

Return Profiles of Bitcoin

In the past 10 years, bitcoin has risen from almost nothing to over $9,700 today4 (at the time of publication). Although the volatility is extreme, it is slowly gaining adoption and attracting investors from a long term perspective.


https://preview.redd.it/h8fp63hvcug41.png?width=768&format=png&auto=webp&s=30f4e8600755fea624143716a42ec6637a6472bb
Who is buying bitcoin? In the Bitwise Investments January 2020 Investor Letter, it pointed out that Charles Schwab recently published a report on the largest equity holdings of clients in the retirement accounts, segmented by generations. It turns out that bitcoin, as expressed through the Grayscale Bitcoin Trust (GBTC) – is the fifth-largest holding in millennial retirement accounts.

https://preview.redd.it/9f0gq20ycug41.png?width=1024&format=png&auto=webp&s=fd8f4765a5fbb8aa1b56201fdf507ada3263b64b
Bitcoin Is The Fifth-Most-Popular Equity Holding Among Millennials At Charles Schwab6
Millennials are defined as individuals who are 22-38 years old. In the next decade, they will age into the 32-48 range, putting the majority into their prime income-earning years (roughly age 35-60). By 2030, there will be more prime income-earning-age millennials than baby boomers or Gen Xers.
In a recent Coindesk Research report, it shows that Millennials have emerged as adopters and drivers of cryptocurrencies7, with one poll showing today’s 18-to-34-year-olds preferring bitcoin over more traditional investments.8 This survey results show a surprising awareness of, and openness to a higher-risk investment such as bitcoin.
Percentage of 18- to 34-year-olds who say they prefer bitcoin to…

https://preview.redd.it/vf2jy2u0dug41.png?width=768&format=png&auto=webp&s=9e015166eba8a2b3b55db6aeb12b6a88519847ae

Portfolio Exposure with Crypto

As an emerging asset class itself, bitcoin is still making its case to become mainstream. Although the return profile has been very strong, the volatility and uncertainty is still worrisome for most traditional investors. What about just allocate a little exposure to this asset class? What does the return profile look like when you add some cryptocurrencies into your traditional portfolio?
In a research paper published by Bitwise Investments in May 2018, it found that by adding a small allocation to crypto assets in a traditional, diversified portfolio (60% equity / 40% bonds), the return profile can experience a significant change.

https://preview.redd.it/0xz5soa3dug41.png?width=1024&format=png&auto=webp&s=59a8888830eddbb4154f76499b761bd82c740dc7
To evaluate the role of bitcoin in a portfolio, the study looked at the impact of making a 5% allocation to bitcoin and holding that position for the duration. The bitcoin allocation was drawn on a pro-rata basis from the equity and bond positions, meaning the portfolio (which we will call the “HODL Portfolio”) started with a 57% allocation to stocks and a 38% allocation to bonds.

https://preview.redd.it/pd77jhm5dug41.png?width=1024&format=png&auto=webp&s=2692ad8e6e7edaffd75cdc9a62de344087b81e28
The impact of this small bitcoin allocation was dramatic. Bitcoin’s strong performance during the study’s timeframe powered the portfolio higher, with total returns jumping from 26.53% to 67.70%. Of course, the volatility and maximum drawdown also increased at the same time, but as an illustration, a small percentage of bitcoin allocation can really impact the entire portfolio performance.

Conclusion

Bitcoin has emerged as a new asset class that can now be considered as an investment tool, although its use can also be justified as a digital store of value, a native internet of money, and a median of exchange. While other cryptocurrencies are still testing various use cases in the blockchain domain, it is overall beneficial to have some crypto exposures.
The return profile of bitcoin has proven to be strong in the past decade, and the millennials are accumulating the crypto assets in their long-term retirement accounts. In the next 10 years, this group will be the prime income-earning population.
Morgan Stanley recently posted a report suggesting that a weak environment for economic growth and inflation, paired with low bond yields, the returns from a traditional portfolio made up of 60% stocks and 40% bonds will deliver a 2.8% annual return over the next 10 years, the lowest level in nearly a century.10 Perhaps it is time to for investors to reconstruct the portfolio composition and add some bitcoin and other cryptocurrencies to boost up the overall returns.
Thank you, Tokenomy Team
submitted by Tokenomy to tokenomyofficial [link] [comments]

New to Banano? Check this FAQ first!

What is Banano?

Banano is a feeless and instant cryptocurrency powered by DAG technology that is rich in potassium and designed to disrupt the meme economy. It's a fork of Nano with more memes and lower PoW requirement. Banano was born on April 1, 2018, so the project is still quite young. See a very brief conceptual summary here: https://gfycat.com/MenacingPointedAmericansaddlebred
Don't want to read all the below? See a brief summary of all you need to know and all important links on one page at https://banano.how

Why is Banano?

Don't let your memes be dreams!

What is the total supply of Banano?

The total supply is 3,402,823,669.20 BANANO (which is 10x the initial Nano supply).
The circulating supply currently changes a lot, as does the market cap. You can check current price estimations here:
https://creeper.banano.cc/exploreexchange_rates
or at our first bigger exchange, Mercatox:
https://mercatox.com/exchange/BAN/BTC

https://mercatox.com/exchange/BAN/XRB

Do you have a whitepaper?

We will have something even better; the yellow paper. It is yet to be released. It will contain not only the philosophy and the technology behind the Project, but also MEMES!

What's the difference between NANO and BANANO?

BANANO is running on the same technological base as NANO, although some parameters like PoW threshold and units were tweaked. The biggest difference is the governance, with BANANO being a meme coin with more fun, freedom and creative experiments.

Where to find out more about Banano?

Official links and social media channels:
Website: https://banano.co.in/
Discord: http://chat.banano.co.in/
Reddit: https://www.reddit.com/bananocoin/
Twitter: https://twitter.com/bananocoin/
Telegram: http://tg.banano.how/
Instagram: http://ig.banano.how
Discord Banano game server: http://games.banano.how/
Make sure to join our Discord, that's where the community is most active, with regular giveaways and two bantastic TipBots! This subreddit also has a Banano TipBot.
Banano Network Explorer: https://creeper.banano.cc/
Banano Network Status: https://creeper.banano.cc/network
Banano Node Monitor: https://banano.nifni.net/index.php
Github: https://github.com/bananocoin
Other seriously official Banano websites:
http://bananograil.com/
https://banano.fun/
https://banano.date/

Are there non-official Banano projects/websites?

Yes, there are lots of ongoing community-organised projects and initiatives. Many are organised on the Discord Server.
Here are just a few examples:
The Banano essence on one page: https://banano.how
Betting website: https://bananobet.com/
News/HowTo Website: http://howtobanano.info
Unofficial mobile wallet (android, beta, be careful when using): https://play.google.com/store/apps/details?id=co.in.bananowallet

Is there a short overview of how to get started that I can share with my friends?

Yes, check out https://banano.how

Which wallet should I use for Banano?

Official web wallet (also works on mobile): https://vault.banano.co.in/
Kalium - Official mobile wallet (Android, iOS coming soon): http://kalium.banano.how
Otherwise you need to create extra wallets on reddit and discord if you like to receive tips there.

Instructions:

Reddit: https://np.reddit.com/bananocoin/wiki/reddit-tipbot
Discord: http://chat.banano.how

Where do I get Banano?

You can be tipped free Banano here or on the discord for being active or contributing to the community. Otherwise there are regular giveaways, contests and small airdrops mostly happening on the discord server all the time.
Hint: If you are new here and tell us below about your first impression and how you found us you might actually get some tasty free Banano right away ;)
Banano is freely distributed and is not sold by the devs through some sort of ICO. They distribute it to their community for free! This is also why there are regular faucet game events.
Apart from this, you also can buy Banano at the exchange Mercatox: https://mercatox.com/

Current events:

Banano Papertoy Contest: http://toy.banano.how
Banano Minecraft Server: http://minecraft.banano.how

Which faucet games and when are they active?

Banano Runner:
A graphical runner game where you collect Bananas which then are paid out as Banano to your wallet. This happens regularly, but be sure to only play when the game is active. The game evolves and changes a bit over time, see here an excellent summary and getting started guide from CastrosBallsack: https://www.reddit.com/bananocoin/comments/8w02q3/anyone_excited_about_banano_runner_if_not_you/
Another faucet game is Monkey Match - this one can be played through a website which is online when the game is active (https://bananosecure.coranos.io/).

How do I know when a game is active?

Keep your eyes open for official announcements on the Discord. Sometimes these games can start on short notice. Mostly the start of faucet game events will also be announced via Twitter, here at Reddit and the Telegram group. Don't play the game without confirming first that an event is running!

I have played a faucet game, when will I receive the payment?

Be a bit patient, all game results are carefully checked by the devs to detect cheating/bot usage. Since they have also lots of other things to do it might take a few days or even more than a few days before you receive your Banano from faucet games. Don't worry, everything will be paid out.

Is Banano listed on an exchange?

Yes, on Mercatox, with Nano (XRB) and Bitcoin (BTC) pairs: https://mercatox.com/
Also, there is an ongoing vote for Banano to get listed at Coinex, supported by a 1000 Ban bounty for everyone who votes. More details at http://vote.banano.how

Are there any airdrops?

There has been an airdrop to Nano holders before, see https://banano.claims/. There also will be future airdrops, keep your eyes open for announcements!

Can I buy Banano?

Banano is mainly distributed to everyone for free as mentioned above. However, you can buy Banano from other users directly with Nano at the discord in the #jungle-bazaar channel. These trades are safe when using the on-board escrow bot. Check out this detailed step-by-step guide:
https://www.reddit.com/CryptoCurrency/comments/8yj0nt/how_to_buy_the_hot_new_meme_coin_banano_using_an/
Now you also can buy Banano on Mercatox, with Nano (XRB) and Bitcoin (BTC) pairs: https://mercatox.com/

What's the current Banano price?

You can check this website for current conversion rates: https://creeper.banano.cc/exploreexchange_rates
However, be aware that this price calculation (based on discord trades) will not always be 100% accurate.
Otherwise check current prices at Mercatox:
https://mercatox.com/exchange/BAN/BTC
https://mercatox.com/exchange/BAN/XRB

My question is not listed here, where to ask for help?

You can post your question below or ask it at the discord, in the channel #the-jungle. Many community members are nice and will happily help you!

I have feedback, suggestions or ideas? Where can I leave them?

All this best goes to the reddit feedback thread you always will find here: http://feedback.banano.how
Feedback is highly appreciated, and if you have great ideas, time, or special talents, you should also post there, join us and contribute!

Anything else important to know?

Yes! Be cautious! No official or dev will ever request you to send Banano or other crypto, or ask you for a password or your seed. Keep your seed safe! Be careful about scammers impersonating to be devs, team-members or official mods. Also, always be cautious about people offering you to buy Banano, only trades through the escrow bot in the Discord (#jungle-bazaar) are safe! Be careful, scammers are everywhere. Ask one of the moderators in case of any doubt!
Ok, that should be the essential part for now. Any suggestions/updates? More questions? Comment below!
Big thanks to the great meme artist CastrosBallsack for helping to create this FAQ.
Last update: 2018-10-01
submitted by howtobanano to bananocoin [link] [comments]

WHAT IS PACFARM AND WHAT PROBLEMS ARE THEY SOLVING IN AFRICA AGRITECH INDUSTRY?


WHAT IS PACFARM AND WHAT PROBLEMS ARE THEY SOLVING IN THE AGRITECH INDUSTRY?
PacFarm enables everyone to take part in the first west Africa innovative blockchain Agritech ventures without the regular heavy cross border obstacle to entry that exists in the Agritech space.
We provide an avenue for you to Impact the lives of small scale farmers in a positive way while you grow your money and make returns after a stipulated period.

Mission:
Our mission is to empower small-scale farmers in growing, flourishing and giving back to their communities. We are doing this simply by linking far-sighted farm sponsors and genuine farmers with the end goal of accelerating production, increasing sales and finally building and sharing profits with farmers and investors. Our platform brings a difference in farming by allowing a safe peer to peer lending network to connect intelligent investors with farmers in Africa through the power of the $PAC blockchain.

THE PROBLEM & SOLUTION
Small scale farmers don’t just plant crops, they contribute immensely to food security in Africa and also have a strong contribution to the gross domestic product of most Africa countries. According to ASFG, “There are around 500 million smallholder farmers in the world, and they produce up to 80% of the food consumed in Africa and Asia. They are net buyers of food and very vulnerable to food price increases and spikes. As a group, they are among the poorest and most marginalized in the world.”

The basic problem these farmers face is that after processing their crops they need to sell their product to agro-processors who use machines to process the products and sell to wholesalers since most smallholder farmers do not have the machine to process their crops or storage facility to preserve their harvested goods. Many of these farmers end up losing most of their crops to pests while the perishable goods rot. Smallholder farmers encounter several challenges from being unbanked to lack of information, lack of transport system, lack of loan e.t.c.
Nevertheless, PAC Farm will be solving some of these basic challenges for farmers in West Africa using blockchain technology and cryptocurrency. Below are some of the problems:

  1. TRANSPORTATION: is a major issue in Africa affecting not just small-holder farmers but most SME in Nigeria. Most of the crops produced in Africa just end up wasting because farmers find it difficult in transporting most of their products to buyers and Agro processors.
So, the problem isn’t lack of buyers, it is lack of proper transport system which PAC Farm will be solving this by buying up harvested crops and also help smallholder farmers to sell to our partner, wacot rice Agro processors. With the help of our logistics and transportation companies which include: https://www.binkabi.io/Partnership.

Binkabi is a platform for issuing, trading, financing commodities and transport/logistics on the blockchain with a strong base in Africa.
However, PacFarm transport service will solve both the transportation and sales challenges facing more than 50% of smallholder farmers in West Africa. Investors can directly fund sales and transportation with a minimum investment of $50 or maximum funding of $100 with a return of both capital and 10% growth after three months which can be paid in $PAC, $LTC and $BTC.

  1. POOR FINANCIAL SUPPORT: over 25% of smallholder farmers in Africa lack adequate access to finance which has really hinder those marginalized farmers from producing more crops. Cryptocurrency like $PacGlobal, $LTC and Bitcoin can provide direct financial support to the farmers with the help of PACfarm without collateral or high interest so they can purchase all that is needed.
However, It is true there are many microfinance banks in Africa but the majority of these farmers are either un-bank or don’t even know how a bank operates. These farmers are very poor which made it difficult for them to adopt new farming methods. Lack of proper education and government support is really killing the Africa agricultural market which is projected to top U.S.$1 trillion(USD) in 2030.

PAC farm will be disbanding this problem by allowing a safe peer to peer lending network to connect intelligent investors with farmers in Africa through the power of the blockchain. Investors can either provide funds for transport and logistics with a yielding return of 10% in 3 months or to directly fund a farm with a 20% return in six months. Farmers can liquidate funds directly to fiat through our agents on-site at their farms.

  1. LACK OF INFORMATION: this is the number one problem facing farmers in remote areas, the old method of farming because of lack of digital information and access to updated farming process. Many of the farmers miss cheap and efficient ways of farming such as plant permutation or use of cheap manure like the green manure. With our partnership with two agricultural firms, we will provide real-time information to farmers and also train them.

We also intend allocating 5% of our total profits into providing new farm practice and adult education to our farmers and also build an eco-friendly village for them using the https://www.earthshipglobal.com/design-principles building principle which is cheap, durable and strong.

BENEFITS TO $PAC GLOBAL COMMUNITY:
Cryptocurrency was predominantly created for individuals who have been left behind from the financial legacy system of the world like Africa. Many small scale farmers cannot benefit from western investors due to the high banking charges fees, alongside with the government and private control/censorship that occurs when farmers and investors rely on the traditional banking system to facilitate payments which can also take up to a week to settle funds.
However, with $PACfarm trusted farmers will be able to receive funds from investors and also return back with interest which will boost daily transactions on $PAC crypto blockchain. PACfarm investors will have to buy PAC to invest in our platform and after three months $PAC farmer will have to buy PAC with fiat to pay back investors. This is first of its kind in West Africa and $PAC will be championing it.
Keep in touch with our development by joining us on:

Discord: https://discord.gg/9ZS9ge,

Telegram: https://t.me/joinchat/Mk5D_1GjiCrfCKZIntSDbg,

Twitter: u/FarmPac,

IG: u/pacfarm1,

Reddit: https://www.reddit.com/usePacFarm,

BitcoinTalk: PACFARM
submitted by PacFarm to PACGlobalOfficial [link] [comments]

Tinfoil hat from the start

So my story begins far when I started forex, but I’m gonna start when I went to do forex the summer before the bitcoin boom, which I did it to impress this girl and get laid. Then my old forex leader, Arsalan Jan https://instagram.com/arsalanxjan?utm_source=ig_profile_share&igshid=8j1s8q6ox08f, posted everyone should join the bitcoin revolution. So why am I talking about him? Well he stop posting about bitcoin and begin shorting bitcoin. The back story of how I know him is he was the leader of GlobalVisionairez and I was a follower of CurrencyGainz. Both are a ponzi that has a following around the world. https://instagram.com/currencygainz?utm_source=ig_profile_share&igshid=12x9r7tyq4q4t has recently shutdown, but not GlobalVisionaires. So I came to crypto from an old ponzi leader, so do you think crypto pumped and dumped? I don’t think, so but I believe they could have took advantage of the people in these groups.
First post, check where the price is on the graph https://www.instagram.com/p/BZhnsymDdZM/?utm_source=ig_share_sheet&igshid=1aznn0y2ismsm
submitted by nathanielx9 to CryptoCurrency [link] [comments]

Fall in love with the problem, not the solution.

Hey - Pat from StarterStory.com here with a writeup from Ahmad Iqbal.
Ahmad was one of the first people I interviewed at Starter Story for his bidet business. Now he's working on building Shopify apps and wrote this awesome post about his transition:
One of the best pieces of advice I was given was to Fall in love with the problem, not the solution. And it wasn’t until I came across a big problem that I realized how perfect this advice is.

My name is Ahmad Iqbal and I’m currently running two online businesses. I am both an Ecommerce Merchant as well as an Ecommerce App Developer.
The first of the two is my online store where I sell hand-held bidets. The later business, borne of the need to increase bidet sales, guided me to designing and developing apps for other merchants, like me.
In this post I want to illustrate how I made the leap from selling bidets online, to building an app design and development team. It’s strange for me to say it out loud, "how does one go from selling butt cleaning appliances to building and marketing apps?" So when Pat from Starter Story reached out to do a follow-up piece to my original post I was happy to try and put my experiences into words. Not just for others to read, but for myself in documenting my journey.
If the title hasn’t already given it away, this will be about my relationship with Problems.
I'm going to start at the middle (quiting my job) and then go to 2015 when this 'starter story' actually started, followed by the meat and potatos of the frameworks we use in our app development model.
My desk and kanban board

Quitting my Job & Making Money through Shopify Apps

From 2015 to 2017 I was working full-time at a global Big Four firm as a Senior Technology Consultant. My job was to help Fortune 1000 companies get their products to market faster. During my time growing my bidet store, I was starting to become more and more immersed in growth marketing. So much so, that I spun out a marketing framework I used for myself and called it the "Agile Marketing Framework" for the firm. Everything I was learning on my own time for growing my own business, was helping me be better for my big clients at my job. But even though doing well at work felt great, it was WAY more fun helping small businesses. In 2017 I had decided the world needs better small businesses, not bigger big businesses.
But in order to quit my job (my Nadeef bidet sales were taking a hit with my attention now diverted between my demanding full-time job, app design/development, and supporting Scout merchants) I needed to figure out if building apps on Shopify would be a viable business model. Was it even possible to earn a living selling apps full time?
It seemed like a tough proposition. I would need thousands of merchants paying at least $20/month to create a successful business. I didn’t think it would be possible, until I came across the Bold Commerce story. This four person team in Winnipeg, Manitoba, had almost the same story as us. Merchants first, identified gaps in the app store, and deciding to build apps on Shopify. Bold Commerce now employs almost 300 people, with no outside funding to date, and with their growth solely on the Shopify platform. This case study was enough to convince us to take the leap, I wanted us to be like Bold.
Having decided it was in fact possible to build positive cash flows through app subscriptions on Shopify, next thing we had to do was get our financing organized.
We decided to take three months to prepare and think about if this problem was something we wanted to dedicate the next several years of our lives to. This three month period was my time to save as much money as I could, and test my own conviction. This time was a constant decision making cycle, where I continually asked myself if the market was big enough, if the problem was widespread enough, and if I had the right pieces in place. It was an important lesson from my first startup attempt almost seven years earlier. In my first startup we picked the wrong market, at the wrong time, with no experience or resources, and the result was a four year uphill campaign that left us in pieces.
So before quitting my job, every dollar of income was saved, Bitcoins were cashed, plans to move out of my parent’s basement were halted, and I started creating a partner network across the ecommerce ecosystem.
We had enough to focus on building our apps for 36 months without worrying about money or raising venture capital. Today we’re on month 12 out of 36.

Let's Talk About the Failure First

Instead of jupming straight into Scout (the first app we built and the main subject of this post) let me first tell you about one of our apps that did not do well. Our "hand-written" notes app was attempted after the initial success of Scout, but it was a wake up call to stay focused on the problem, not the solution.
After quitting my job, and landing on the bigger problem of customer experience as our company mandate (more on this later), we decided to offer hand-written note services. We figured customers would love getting a handwritten note from merchants, so with little else research, or testing, we went ahead and started building out this crazy printer.
A video about how it worked
The app would connect to your Shopify backend, identify your VIP customers, and then convert that customer information into a special Adobe Illustrator script that would feed into the printer. The printer then would proceed to start writing the notes in a handwritten style font (both the letter copy and the addresses on the envelope).
We rolled this app out as an added skill to Scout. Basically, when Scout would alert you about the previous days’ VIP customers, it now offered an additional button labeled "Send Handwrote Card" which when pressed would instigate our printer. When the card was printed, I’d just have to put the postage stamp on it and drop it off at the post office which was across the street from our co-working space.
I believe this idea failed because I fell in love with the solution (cool looking robotic handwriting printer) rather than the problem it was designed to solve. I still believe there is value in this idea, but by overbuilding the solution first, we lost track of what was most important.
If I had to do it again I would have done a few things differently:
1. Manually write and fulfill the cards myself while doing the merchant discovery
Because there exists an intimate relationship between selling the service, and having to manually having to fulfill the service. It gives you more appreciation for the process and what’s important to do it successfully. Like with Scout, where I called my customers up manually through finding their details myself, and only after seeing how to do it well proceeded to systemize it with an app.
2. Personally talk to each merchant who wanted cards written
This would have been the best (only?) way to validate the value of the service. How important is this service for merchants? What else do they wish they could give as 'thank you's? What price would they be willing to pay on high volume handwritten cards? How much does it bother them that the cards are not personally written by the brand, and hence not authentic?
3. Write 0 lines of new code
Why divert precious development time and resources on something if A) it’s possible to do manually, and B) there is no guarantee that it’s a lucrative idea?
Thinking back, this idea was destined to fail for several reasons. Writing notes is very time consuming, there isn’t enough volume in the merchants who wanted to use it, the authenticity of the cards dies if customers figure out it’s not actually written by a person (even though it fooled almost anyone who looked at it). Even if we had done this the lean way and manually tested first, I still think we would have stopped offering the solution. But if I had just followed my four step Identify, Test, Build, Measure framework we would have saved the $4,000 we ended up spending designing and developing the software, and sourcing this printer and it’s parts. I would have found out in the Test section of the cycle that this is way too time consuming and merchants have too many questions about it to feel comfortable signing off on handwritten notes on high volume.
The handwritten note printer is now a piece of decoration at our office, but hey, at least it makes for a good conversation! And it taught me what I'm about to share with you today...

Identifying a Problem

Rewind back to 2015, a few months after opening my Nadeef hand-held bidet store on Shopify I found myself tackling the abandoned checkout problem, something every merchants probably faces. For every three potential customers that reached the final stage of checkout, one wasn’t pulling out their credit card. The way I saw it, I was leaking 33% of my sales in the final, most crucial, "moment of truth."
I was new to this field, I didn’t know the jargon or the best practices, all I knew was I needed to plug this hole. I went down a rabbit hole of recommendations, blog posts, forum threads, apps and YouTube videos. I tried many tactics, with varying degrees of "success" but later I realized I was asking myself the wrong question.
Instead of asking "How can I recovery these sales?" I should have been asking “Why are customer abandoning their checkout?”
At first I tried to extrapolate why they abandoned through the default go-to answers most blog posts claim are the reasons, like shipping timeframes, pricing, return policies, etc. But I knew these weren’t the real issues causing the abandoned cart because I would address them in my auto-recovery emails, exit-popups, Facebook retargeting campaigns, or all the other ways I would try to reduce abandons.
As simple as those recovery tactics may seem, I now know I was overthinking it. There was only one thing I could do to figure out why someone abandoned their checkout. Pick up the phone, and ask them one-on-one.
Before I go on, I should state that my recovery rate at this point was around 10%. And Shopify’s dashboard told me this was a good thing. I just didn’t think that was good at all. It meant that for every 10 people who reached the final stage of their checkout only one person actually returned to buy? Sure it's better than $0, but what about the other 90% who aren't returning? Surely we could do better than 1/10...
...and I wanted to talk to those nine people.
Calling my abandoned checkout customers changed everything. It changed my whole perspective about how to do business, and it continues to change it even now. At first, there was hesitation to call up a customer out of the blue, but the desire to figure out the problem far outweighed any "worst-case" awkward conversation. Not to mention, they weren’t cold leads, these were highly interested customer who reached the final steps of making a purchase. In my head I kept telling myself this was exactly as if someone walked into a store, grabbed some items, placed them on the checkout counter, but just as they were about to pull out their wallet, they turned around and walked out the door. Wouldn’t the store owner ask what’s up? So I just smiled and dialled.
The results were tremendous.
I went from recovering 10% of my abandoned checkouts from auto-emails, to recovering 55% when I got them on the phone. Not only that but by gathering feedback and identifying holes in my offering the percentage of abandons slowly decreased as well.
I’ve outlined my learnings from calling customers in this diagram

Creating a Solution

I saw my process was working, but now I needed to systemize it so I could maintain consistency in my callbacks. I quickly learned that the longer I waited to call the abandoned customer back the less likely I would be able to recover the sale. I really just needed an alert app, one that would push notify me as soon as someone abandoned, tell me what products they left, and their phone number. There was nothing in the app store that provided this function.
Don’t get me wrong, there were tonnes of cart recovery apps available. The top results, the "Top 10" lists, all relied on exit-popups, and auto-emails. I didn’t want an app to take an auto-action by auto-sending an email, or auto-sending a Facebook message. I wanted to be told, so I could take action on it personally. I needed this because I learned how important the one-on-one relationship with my own customer was.
So I called up one of my friends, who was also the developer on my first start-up, and one weekend later Scout was born. It was stupid simple. 20 minutes after an abandoned checkout, Scout would email me with the key details I needed. When I got this email all I had to do was tap the phone number in the email and my phone would automatically start dialling. It wasn’t an exciting or sexy process. It wasn’t even very hard. There was no user interface to design, there was no website to develop, it was just a hacked prototype with one simple, useful, function. If an abandoned checkout, then email me. And it just took a weekend to build.
I used this prototype of Scout for my own needs for several months. It was easier to manage because I was push notified when I needed to take an action. It maintained my high recovery rate. And most importantly, it was fun to know when an abandon happened in real-time, it made my site feel more alive.
Bend the conversion curve
Having used it for a few months and not seeing any slowdown in its utility for my store, we decided this was a tactic every merchant should have in their sales strategy. We iterated on the first version of the email-only alert channel and made it a Facebook Messenger bot, sort of like a customer relationship focused personal assistant. Scout's job would be to alert merchants when a customer abandoned their checkout, and give you their checkout details.
So we published the free app in the Shopify App Store and one review at a time, we realized it was as useful for many others as it was for us. Merchants were sending thank you emails to us, and it was here we felt we had found our first glimmer of that ever illusive "Product-Market Fit."
You have to remember, during this time both my friend and I had full-time jobs, and I was also running my bidet store. Scout was in no way near something resembling a business. And we didn’t approach it at all to be its own business. We just wanted to put something out into the world that would have an impact. Plain and simple. Our first few installs came organically from the Shopify App Store, and a few weeks later we had a small spike as a result of Felix Thea’s Shopify Masters Podcast where, as a guest I spoke about Nadeef and mentioned Scout. We didn’t do any marketing for it until we reached about 1,000 merchants through organic search, which took over a year to achieve.
It felt good making an impact for so many entrepreneurs, but we didn’t feel we had anything to quit our jobs for, yet…

What is "Product-Market Fit"?

Finding product-market fit is a term used very frequently in the startup or entrepreneurial circles. If you’ve found product-market fit, it means you’ve figured out how to consistently deliver value to a group of people (and get paid as a result).
The two components in this equation are Product and Market. In my experience, the key is to start with the market. It’s important to start with the market because that’s the big immovable environment you’re in. It’s uncertain, it’s changing, there are producers and consumers operating in it already. One can’t create a market, one can only play in it, and so the market is the "hard part."
The product side of the equation is the easy part. These days if you can dream it, you can figure out how to make it, or get it made. For example, if you want to build a skateboard that can be converted into a surfboard, you could probably figure that out. Let's assume you've done that, it looks great, and has tonnes of cool features like an intergrated smartphone app! Awesome, great work!
But now that it's built, who’s going to buy it? Where do they live, what's the population of all the surf-friendly cities? Who suffers badly enough from carrying two boards? How big is the problem? How much are people willing to pay for this? How often do they need to buy parts/replace their boards?
The point is, if you confident in your answers to the above questions and your ability to establish a distribution and marketing strategy to your ideal target market, then it makes sense to start product developerment. The same rules apply for app development.
I will clarify that I didn’t think Scout had enough of a product-market fit at the time. I thought we had found some fit, but we still had (have) a long way to go. After all, it is a free app and no one pays for it, so we don’t really have a way to measure if it valuable enough that people pay for it.
The way this went down for us was simple. We were trying to solve my problem first. Being one of the participants in the "market" that had a problem with online sales, I slowly learned what I needed. And when I saw it helped/worked/was awesome, I had de-risked the product enough to feel comfortable going to market with it. In my case, it was as simple as publishing Scout to the app store AFTER knowing it was working for me.
Build, measure, learn diagram
This is again, why the advice of falling in love with the problem, is so great. Because it forces you to think about the market, and its needs, first.

Iterating the Product

Fast forward about a year after using Scout. I was looking through my list of customers, ordered from highest Lifetime Value (LTV) to lowest, and noticed something really fascinating. Eight out of my top 10 customers had originally abandoned their checkout and were individuals I had personally reached out over the phone. This means that by calling my abandoned checkout customers I was not only recovering the sale, but as a result they were turning into VIP customers.
This was a huge wake up call because it helped me understand the real problem in my online sales strategy. If calling my abandoned checkout customers resulted in them becoming loyal customers, what if I also called those who bought without abandoning? If the one-on-one phone call is the common denominator for the high retention rate, why not apply it to more customers?
Thinking back to the phone conversations over the previous 12 months I realized the most valuable bi-product of asking for feedback was not the sale itself. Rather, it was the lasting brand impression that a friendly, pre-sale service call had on my customer. Suddenly my high recovery rate made so much sense. The phone call earned trust with my customers and they were happy to come back and do business with me.
With this realization came clarity about our app focus. Creating customer conversations. Customer relationships are today's small business competitive advantage. And so Scout had its first major iteration, the opportunity we've decided to pursue is to enable customer relationships. We decided Scout’s job for each and every merchant that installs it, is to identify these relationship building opportunities and turn them into one-on-one conversations.
I like the below diagram (as opposed to the one earlier above) for explaining the concept in more detail because it outlines another key step, which is to test your hypothesis. Once you’ve identifying a new problem you want to solve, next thing you should do is run a test to see if your solution will work. If you can solve it, then you should build something to systemize it. If you can’t at least prove your hypothesis is true even a little bit, then I wouldn’t recommend investing more time in building a systemized solution (the product).
Identify/test/build/learn diagram
Once you’ve gone through the loop at least once, you should have identified opportunities for improvements, and this is where Scout is today. Currently we feel we’re on the Learn phase in our third loop.
For those who are interested in the math of our second "Measure" step as it related to my store’s results after 12 months using using Scout:
My top 10 customers had spent at least $600 on my store, through an average of 3 or more purchases. My top three had spent at least $1,000 in 5+ orders. As a comparison, the average customer LTV is $100.
Eight out of my top 10 overall customers were originally abandoned checkouts that I had called and recovered. They went on to be way more likely to become returning and word-of-mouth customers. Based on this, it was safe to say I needed to focus on getting more people on the phone, regardless of whether they abandoned first or not. This was the most recent learning which fueled the next round of product iterations.

Generating Installs

The Shopify App Store is pretty saturated today. There are so many apps on there already, many popular apps even have dozens of copycats. This makes it hard to market apps to merchants, because there is so much noise that’s keeping them from finding your app.
I wish I had some secret formula we used to grow our installs. What I will say is that the vast majority of installs come straight from app store ranking, which I believe is mostly dependant on the number of 5 star reviews and your usable of the right keywords. I’ve added a screenshot of our first 9 months below to show you what the growth looked like in the early days.
first 9 months of installs
You can see that for the first 4 months, we only generated 20 installs. And three of those were from my own store and a couple friends’. The other 17 I believe probably came from the Shopify Master Podcast that I was featured on. To be fair, remember that at this time we were not focused on Scout at all. I had my full-time job, as well as my bidet store, so there were no marketing efforts put into Scout whatsoever. So how did the growth suddenly pick up in January 2017?
I believe it had a lot to do with positive merchant reviews of the app. I think the app store’s algorithms started picking up the reviews we were generating and this caused a sort of upward cycle. Based on this, my advice would be, in order to grow your app installs, focus on your merchant support. Offer the best customer support you possibly can, and keep providing this level of support. It’s worked for us in the past, and it continues to work for us. Every few weeks when we generate several positive reviews in quick succession we watch our installs over the next few days, and it is noticeably larger.
Just like the theme of our apps, of enabling merchants to provide great customer experience, we do the same for our service. We are an app development merchant to business owners. We saw it working in terms of making product sales online, why wouldn’t it work for app companies trying to sell to other businesses?
So far the story checks out.

Customer Experience is Important (because it’s hard)

In my research around ecommerce success stories, I came across Zappos. Their business model was so on point I had to create some content around it in the form of several vlogs. Our series of vlogs talks about several topics around small businesses, especially the advantage that we have as small businesses. Hint: it has a lot to do with our ability to provide a superior customer experience.
To get back to Zappos, Zappos is an online shoe store based in Las Vegas, Nevada, that was eventually acquired by Amazon for $1.2 billion. It just sold shoes, the same shoes you’d find in any regular store, but it did so with a militant focus on the customer experience.
They do this so well that their business has a 75% repurchase rate. Even though it's an online retail business model, I strongly feel the same principles apply to all sorts of models, including SaaS, consulting, whatever.
So how did Zappos do this? They did this by reinvesting a portion of each sale’s revenue, back into the customer’s experience. So instead of taking $20 from $100 sale and giving it to Facebook or Google ads in the hope of acquiring a new customer, they would use that $20 to upgrade their shipping to overnight, send a free pizza, or offer unlimited free returns. This not only made sure they retained the customer (repurchasing customers spent more and bought more frequently), but they also created free word-of-mouth customers through the advocate marketing as a result of the great experience. Tony Hsieh, the CEO of Zappos went on to write a book called Delivering Happiness about this idea, which I would highly reccommend for all merchants.
Speaking of great books, another book also further opened my eyes to the lost opportunities at businesses who don’t focus on the customer experience. Joey Coleman’s Never Lose a Customer Again
opening chapter highlights an interesting ratio of 43:1. For every 43 books about sales or marketing, there is only one book about customer service, experience, or retention. That means the education around creating a customer far outweighs the education around keeping the customer. But why? It's a known fact retention provides more profitability than new acqusitions.
Thinking about why this is, I believe it has less to do with the difficulty of creating "wow" customer experiences, and more to do with how ridiculously easy it is to automate ads and marketing campaigns. I don’t think we’re against doing hard things, but when presented with the easy option, that’s what merchants will take.
Cycle of momentum
If the "orthodox" marketing tactics can be automated (and they can), you should also incorporate the unorthodox campaigns. Things like sending a free pizza and handwritten thank you notes, will close the loop for a complete marketing strategy.
Whether you’re marketing physical goods, or SaaS apps, or even professional services, it’s easy to want to automate everything. Automating Facebook and Google ads, automating email campaigns, automating chatbots, automating discounts, popups, and special offers, automating dropshipping; it’s really easy to do this, and the app stores are overflowing with apps that automate. It’s clear automation is the future, but there is no competitive advantage here.
And so in order to stand out, I’ve learned you can’t automate the hard things. You should try to do the important hard things personally, because it’s in those moments that you will build brand reputation and value.

More than One Solution (to the Problem)

We went from running a Shopify store earning several thousand dollars per month, to developing a suite of apps used by over 10,000 merchants.
Working on Scout, and seeing the success from it, we started ideating other ways of getting customers on the phone. Why does only an abandoned checkout need to result in the phone call? What if a customer is interested in purchasing but hasn’t clicked "add to cart" yet? To capture these unrealized leads we developed the callback app called Raven Callback. Raven turns website visits into qualified sales calls. It helped tremendously on my store, because it started to capture more leads due to its lightweight nature. I didn't think the contact/email form was working for me because it’s too much stuff for customers to type, and they perceive replies would take up to 48 hours, so why bother? Same with the livechat, since majority of small businesses don’t reply immediately. The “immediate” callback did wonders and customers continuously commented it was the best customer service they’ve experienced. So, we ran with Raven as well, based on the success I had with my own store we published it on the Shopify App Store.
Raven only has a few dozen merchants on our paid plans, but just those merchants have directly generated over $500,000 for themselves in sales over the past 3 months since we launched. Again, we’re seeing the phone channel as a great medium to close sales, and it works really well for certain products and services. I think any store that wants to have one-on-one conversations with customers, especially those who sell products over $200, should seriously consider the phone as a sales channel.

What’s Next

Now we’re working on publishing our third app, again, inspired from running my bidet store. It’s not phone related, but it is related to customer experience and building a relationship with your VIP customers. The app is called Pizza Party, and it sends free pizzas to those VIP customers.
Based on the learnings from the "failed" hand-written note product, this time, I'm focusing on more customer conversations about it before going ahead and publishing the app. We're not sure yet when we'll officially launch it, it's about half-way done, but I'm happy to chat with anyone who wants to use it for their store. It’s really fun and easy to use. When merchants install it they just outline the parameters of a "great" customer, like order value, lifetime value or order frequency, and then confirm which customers to send to. For example, if you consider any customer who spends at least $200 per order on your store as a “VIP” customer, then Pizza Party will send a free “thank you” pizza to that customer on your behalf. The merchant pays for the pizza, and we take a small percentage, but it’s super easy to get started and really fun to use. The feedback I was getting from my bidet customers who I sent free pizzas was just too awesome to pass up on this app idea. I sent free large cheese pizzas to customers who bought a few hundred dollars worth of bidets last winter and that small token of my appreciation turned into a few hundred dollars in more revenue; it was triple digit ROI. Customers said it was the best customer service they’ve ever had, ended up sharing the story with their friends, which then resulted in word-of-mouth sales.
If you’ve read this far you’ve probably put together the pattern here. I tried a marketing experiment for my Nadeef Bidet store, and if it worked really well I tried to systemize it. By focusing on solving our own problems first, we now have 3 apps, 3 more in private beta, and plans to roll out for several other platforms very soon. And thanks for reading! If you want to get in touch, or have any quetions, feel free to reach out via email or Instagram
I’ll sign off with a Haiku:
What better problem
Than the one you yourself face
To solve for others too
Liked this text interview? Check out the full interview with photos.
submitted by youngrichntasteless to Entrepreneur [link] [comments]

Fall in love with the problem, not the solution.

Hey - Pat from StarterStory.com here with a writeup from Ahmad Iqbal.
Ahmad was one of the first people I interviewed at Starter Story for his bidet business. Now he's working on building Shopify apps and wrote this awesome post about his transition:
One of the best pieces of advice I was given was to Fall in love with the problem, not the solution. And it wasn’t until I came across a big problem that I realized how perfect this advice is.

My name is Ahmad Iqbal and I’m currently running two online businesses. I am both an Ecommerce Merchant as well as an Ecommerce App Developer.
The first of the two is my online store where I sell hand-held bidets. The later business, borne of the need to increase bidet sales, guided me to designing and developing apps for other merchants, like me.
In this post I want to illustrate how I made the leap from selling bidets online, to building an app design and development team. It’s strange for me to say it out loud, "how does one go from selling butt cleaning appliances to building and marketing apps?" So when Pat from Starter Story reached out to do a follow-up piece to my original post I was happy to try and put my experiences into words. Not just for others to read, but for myself in documenting my journey.
If the title hasn’t already given it away, this will be about my relationship with Problems.
I'm going to start at the middle (quiting my job) and then go to 2015 when this 'starter story' actually started, followed by the meat and potatos of the frameworks we use in our app development model.
My desk and kanban board

Quitting my Job & Making Money through Shopify Apps

From 2015 to 2017 I was working full-time at a global Big Four firm as a Senior Technology Consultant. My job was to help Fortune 1000 companies get their products to market faster. During my time growing my bidet store, I was starting to become more and more immersed in growth marketing. So much so, that I spun out a marketing framework I used for myself and called it the "Agile Marketing Framework" for the firm. Everything I was learning on my own time for growing my own business, was helping me be better for my big clients at my job. But even though doing well at work felt great, it was WAY more fun helping small businesses. In 2017 I had decided the world needs better small businesses, not bigger big businesses.
But in order to quit my job (my Nadeef bidet sales were taking a hit with my attention now diverted between my demanding full-time job, app design/development, and supporting Scout merchants) I needed to figure out if building apps on Shopify would be a viable business model. Was it even possible to earn a living selling apps full time?
It seemed like a tough proposition. I would need thousands of merchants paying at least $20/month to create a successful business. I didn’t think it would be possible, until I came across the Bold Commerce story. This four person team in Winnipeg, Manitoba, had almost the same story as us. Merchants first, identified gaps in the app store, and deciding to build apps on Shopify. Bold Commerce now employs almost 300 people, with no outside funding to date, and with their growth solely on the Shopify platform. This case study was enough to convince us to take the leap, I wanted us to be like Bold.
Having decided it was in fact possible to build positive cash flows through app subscriptions on Shopify, next thing we had to do was get our financing organized.
We decided to take three months to prepare and think about if this problem was something we wanted to dedicate the next several years of our lives to. This three month period was my time to save as much money as I could, and test my own conviction. This time was a constant decision making cycle, where I continually asked myself if the market was big enough, if the problem was widespread enough, and if I had the right pieces in place. It was an important lesson from my first startup attempt almost seven years earlier. In my first startup we picked the wrong market, at the wrong time, with no experience or resources, and the result was a four year uphill campaign that left us in pieces.
So before quitting my job, every dollar of income was saved, Bitcoins were cashed, plans to move out of my parent’s basement were halted, and I started creating a partner network across the ecommerce ecosystem.
We had enough to focus on building our apps for 36 months without worrying about money or raising venture capital. Today we’re on month 12 out of 36.

Let's Talk About the Failure First

Instead of jupming straight into Scout (the first app we built and the main subject of this post) let me first tell you about one of our apps that did not do well. Our "hand-written" notes app was attempted after the initial success of Scout, but it was a wake up call to stay focused on the problem, not the solution.
After quitting my job, and landing on the bigger problem of customer experience as our company mandate (more on this later), we decided to offer hand-written note services. We figured customers would love getting a handwritten note from merchants, so with little else research, or testing, we went ahead and started building out this crazy printer.
A video about how it worked
The app would connect to your Shopify backend, identify your VIP customers, and then convert that customer information into a special Adobe Illustrator script that would feed into the printer. The printer then would proceed to start writing the notes in a handwritten style font (both the letter copy and the addresses on the envelope).
We rolled this app out as an added skill to Scout. Basically, when Scout would alert you about the previous days’ VIP customers, it now offered an additional button labeled "Send Handwrote Card" which when pressed would instigate our printer. When the card was printed, I’d just have to put the postage stamp on it and drop it off at the post office which was across the street from our co-working space.
I believe this idea failed because I fell in love with the solution (cool looking robotic handwriting printer) rather than the problem it was designed to solve. I still believe there is value in this idea, but by overbuilding the solution first, we lost track of what was most important.
If I had to do it again I would have done a few things differently:
1. Manually write and fulfill the cards myself while doing the merchant discovery
Because there exists an intimate relationship between selling the service, and having to manually having to fulfill the service. It gives you more appreciation for the process and what’s important to do it successfully. Like with Scout, where I called my customers up manually through finding their details myself, and only after seeing how to do it well proceeded to systemize it with an app.
2. Personally talk to each merchant who wanted cards written
This would have been the best (only?) way to validate the value of the service. How important is this service for merchants? What else do they wish they could give as 'thank you's? What price would they be willing to pay on high volume handwritten cards? How much does it bother them that the cards are not personally written by the brand, and hence not authentic?
3. Write 0 lines of new code
Why divert precious development time and resources on something if A) it’s possible to do manually, and B) there is no guarantee that it’s a lucrative idea?
Thinking back, this idea was destined to fail for several reasons. Writing notes is very time consuming, there isn’t enough volume in the merchants who wanted to use it, the authenticity of the cards dies if customers figure out it’s not actually written by a person (even though it fooled almost anyone who looked at it). Even if we had done this the lean way and manually tested first, I still think we would have stopped offering the solution. But if I had just followed my four step Identify, Test, Build, Measure framework we would have saved the $4,000 we ended up spending designing and developing the software, and sourcing this printer and it’s parts. I would have found out in the Test section of the cycle that this is way too time consuming and merchants have too many questions about it to feel comfortable signing off on handwritten notes on high volume.
The handwritten note printer is now a piece of decoration at our office, but hey, at least it makes for a good conversation! And it taught me what I'm about to share with you today...

Identifying a Problem

Rewind back to 2015, a few months after opening my Nadeef hand-held bidet store on Shopify I found myself tackling the abandoned checkout problem, something every merchants probably faces. For every three potential customers that reached the final stage of checkout, one wasn’t pulling out their credit card. The way I saw it, I was leaking 33% of my sales in the final, most crucial, "moment of truth."
I was new to this field, I didn’t know the jargon or the best practices, all I knew was I needed to plug this hole. I went down a rabbit hole of recommendations, blog posts, forum threads, apps and YouTube videos. I tried many tactics, with varying degrees of "success" but later I realized I was asking myself the wrong question.
Instead of asking "How can I recovery these sales?" I should have been asking “Why are customer abandoning their checkout?”
At first I tried to extrapolate why they abandoned through the default go-to answers most blog posts claim are the reasons, like shipping timeframes, pricing, return policies, etc. But I knew these weren’t the real issues causing the abandoned cart because I would address them in my auto-recovery emails, exit-popups, Facebook retargeting campaigns, or all the other ways I would try to reduce abandons.
As simple as those recovery tactics may seem, I now know I was overthinking it. There was only one thing I could do to figure out why someone abandoned their checkout. Pick up the phone, and ask them one-on-one.
Before I go on, I should state that my recovery rate at this point was around 10%. And Shopify’s dashboard told me this was a good thing. I just didn’t think that was good at all. It meant that for every 10 people who reached the final stage of their checkout only one person actually returned to buy? Sure it's better than $0, but what about the other 90% who aren't returning? Surely we could do better than 1/10...
...and I wanted to talk to those nine people.
Calling my abandoned checkout customers changed everything. It changed my whole perspective about how to do business, and it continues to change it even now. At first, there was hesitation to call up a customer out of the blue, but the desire to figure out the problem far outweighed any "worst-case" awkward conversation. Not to mention, they weren’t cold leads, these were highly interested customer who reached the final steps of making a purchase. In my head I kept telling myself this was exactly as if someone walked into a store, grabbed some items, placed them on the checkout counter, but just as they were about to pull out their wallet, they turned around and walked out the door. Wouldn’t the store owner ask what’s up? So I just smiled and dialled.
The results were tremendous.
I went from recovering 10% of my abandoned checkouts from auto-emails, to recovering 55% when I got them on the phone. Not only that but by gathering feedback and identifying holes in my offering the percentage of abandons slowly decreased as well.
I’ve outlined my learnings from calling customers in this diagram

Creating a Solution

I saw my process was working, but now I needed to systemize it so I could maintain consistency in my callbacks. I quickly learned that the longer I waited to call the abandoned customer back the less likely I would be able to recover the sale. I really just needed an alert app, one that would push notify me as soon as someone abandoned, tell me what products they left, and their phone number. There was nothing in the app store that provided this function.
Don’t get me wrong, there were tonnes of cart recovery apps available. The top results, the "Top 10" lists, all relied on exit-popups, and auto-emails. I didn’t want an app to take an auto-action by auto-sending an email, or auto-sending a Facebook message. I wanted to be told, so I could take action on it personally. I needed this because I learned how important the one-on-one relationship with my own customer was.
So I called up one of my friends, who was also the developer on my first start-up, and one weekend later Scout was born. It was stupid simple. 20 minutes after an abandoned checkout, Scout would email me with the key details I needed. When I got this email all I had to do was tap the phone number in the email and my phone would automatically start dialling. It wasn’t an exciting or sexy process. It wasn’t even very hard. There was no user interface to design, there was no website to develop, it was just a hacked prototype with one simple, useful, function. If an abandoned checkout, then email me. And it just took a weekend to build.
I used this prototype of Scout for my own needs for several months. It was easier to manage because I was push notified when I needed to take an action. It maintained my high recovery rate. And most importantly, it was fun to know when an abandon happened in real-time, it made my site feel more alive.
Bend the conversion curve
Having used it for a few months and not seeing any slowdown in its utility for my store, we decided this was a tactic every merchant should have in their sales strategy. We iterated on the first version of the email-only alert channel and made it a Facebook Messenger bot, sort of like a customer relationship focused personal assistant. Scout's job would be to alert merchants when a customer abandoned their checkout, and give you their checkout details.
So we published the free app in the Shopify App Store and one review at a time, we realized it was as useful for many others as it was for us. Merchants were sending thank you emails to us, and it was here we felt we had found our first glimmer of that ever illusive "Product-Market Fit."
You have to remember, during this time both my friend and I had full-time jobs, and I was also running my bidet store. Scout was in no way near something resembling a business. And we didn’t approach it at all to be its own business. We just wanted to put something out into the world that would have an impact. Plain and simple. Our first few installs came organically from the Shopify App Store, and a few weeks later we had a small spike as a result of Felix Thea’s Shopify Masters Podcast where, as a guest I spoke about Nadeef and mentioned Scout. We didn’t do any marketing for it until we reached about 1,000 merchants through organic search, which took over a year to achieve.
It felt good making an impact for so many entrepreneurs, but we didn’t feel we had anything to quit our jobs for, yet…

What is "Product-Market Fit"?

Finding product-market fit is a term used very frequently in the startup or entrepreneurial circles. If you’ve found product-market fit, it means you’ve figured out how to consistently deliver value to a group of people (and get paid as a result).
The two components in this equation are Product and Market. In my experience, the key is to start with the market. It’s important to start with the market because that’s the big immovable environment you’re in. It’s uncertain, it’s changing, there are producers and consumers operating in it already. One can’t create a market, one can only play in it, and so the market is the "hard part."
The product side of the equation is the easy part. These days if you can dream it, you can figure out how to make it, or get it made. For example, if you want to build a skateboard that can be converted into a surfboard, you could probably figure that out. Let's assume you've done that, it looks great, and has tonnes of cool features like an intergrated smartphone app! Awesome, great work!
But now that it's built, who’s going to buy it? Where do they live, what's the population of all the surf-friendly cities? Who suffers badly enough from carrying two boards? How big is the problem? How much are people willing to pay for this? How often do they need to buy parts/replace their boards?
The point is, if you confident in your answers to the above questions and your ability to establish a distribution and marketing strategy to your ideal target market, then it makes sense to start product developerment. The same rules apply for app development.
I will clarify that I didn’t think Scout had enough of a product-market fit at the time. I thought we had found some fit, but we still had (have) a long way to go. After all, it is a free app and no one pays for it, so we don’t really have a way to measure if it valuable enough that people pay for it.
The way this went down for us was simple. We were trying to solve my problem first. Being one of the participants in the "market" that had a problem with online sales, I slowly learned what I needed. And when I saw it helped/worked/was awesome, I had de-risked the product enough to feel comfortable going to market with it. In my case, it was as simple as publishing Scout to the app store AFTER knowing it was working for me.
Build, measure, learn diagram
This is again, why the advice of falling in love with the problem, is so great. Because it forces you to think about the market, and its needs, first.

Iterating the Product

Fast forward about a year after using Scout. I was looking through my list of customers, ordered from highest Lifetime Value (LTV) to lowest, and noticed something really fascinating. Eight out of my top 10 customers had originally abandoned their checkout and were individuals I had personally reached out over the phone. This means that by calling my abandoned checkout customers I was not only recovering the sale, but as a result they were turning into VIP customers.
This was a huge wake up call because it helped me understand the real problem in my online sales strategy. If calling my abandoned checkout customers resulted in them becoming loyal customers, what if I also called those who bought without abandoning? If the one-on-one phone call is the common denominator for the high retention rate, why not apply it to more customers?
Thinking back to the phone conversations over the previous 12 months I realized the most valuable bi-product of asking for feedback was not the sale itself. Rather, it was the lasting brand impression that a friendly, pre-sale service call had on my customer. Suddenly my high recovery rate made so much sense. The phone call earned trust with my customers and they were happy to come back and do business with me.
With this realization came clarity about our app focus. Creating customer conversations. Customer relationships are today's small business competitive advantage. And so Scout had its first major iteration, the opportunity we've decided to pursue is to enable customer relationships. We decided Scout’s job for each and every merchant that installs it, is to identify these relationship building opportunities and turn them into one-on-one conversations.
I like the below diagram (as opposed to the one earlier above) for explaining the concept in more detail because it outlines another key step, which is to test your hypothesis. Once you’ve identifying a new problem you want to solve, next thing you should do is run a test to see if your solution will work. If you can solve it, then you should build something to systemize it. If you can’t at least prove your hypothesis is true even a little bit, then I wouldn’t recommend investing more time in building a systemized solution (the product).
Identify/test/build/learn diagram
Once you’ve gone through the loop at least once, you should have identified opportunities for improvements, and this is where Scout is today. Currently we feel we’re on the Learn phase in our third loop.
For those who are interested in the math of our second "Measure" step as it related to my store’s results after 12 months using using Scout:
My top 10 customers had spent at least $600 on my store, through an average of 3 or more purchases. My top three had spent at least $1,000 in 5+ orders. As a comparison, the average customer LTV is $100.
Eight out of my top 10 overall customers were originally abandoned checkouts that I had called and recovered. They went on to be way more likely to become returning and word-of-mouth customers. Based on this, it was safe to say I needed to focus on getting more people on the phone, regardless of whether they abandoned first or not. This was the most recent learning which fueled the next round of product iterations.

Generating Installs

The Shopify App Store is pretty saturated today. There are so many apps on there already, many popular apps even have dozens of copycats. This makes it hard to market apps to merchants, because there is so much noise that’s keeping them from finding your app.
I wish I had some secret formula we used to grow our installs. What I will say is that the vast majority of installs come straight from app store ranking, which I believe is mostly dependant on the number of 5 star reviews and your usable of the right keywords. I’ve added a screenshot of our first 9 months below to show you what the growth looked like in the early days.
first 9 months of installs
You can see that for the first 4 months, we only generated 20 installs. And three of those were from my own store and a couple friends’. The other 17 I believe probably came from the Shopify Master Podcast that I was featured on. To be fair, remember that at this time we were not focused on Scout at all. I had my full-time job, as well as my bidet store, so there were no marketing efforts put into Scout whatsoever. So how did the growth suddenly pick up in January 2017?
I believe it had a lot to do with positive merchant reviews of the app. I think the app store’s algorithms started picking up the reviews we were generating and this caused a sort of upward cycle. Based on this, my advice would be, in order to grow your app installs, focus on your merchant support. Offer the best customer support you possibly can, and keep providing this level of support. It’s worked for us in the past, and it continues to work for us. Every few weeks when we generate several positive reviews in quick succession we watch our installs over the next few days, and it is noticeably larger.
Just like the theme of our apps, of enabling merchants to provide great customer experience, we do the same for our service. We are an app development merchant to business owners. We saw it working in terms of making product sales online, why wouldn’t it work for app companies trying to sell to other businesses?
So far the story checks out.

Customer Experience is Important (because it’s hard)

In my research around ecommerce success stories, I came across Zappos. Their business model was so on point I had to create some content around it in the form of several vlogs. Our series of vlogs talks about several topics around small businesses, especially the advantage that we have as small businesses. Hint: it has a lot to do with our ability to provide a superior customer experience.
To get back to Zappos, Zappos is an online shoe store based in Las Vegas, Nevada, that was eventually acquired by Amazon for $1.2 billion. It just sold shoes, the same shoes you’d find in any regular store, but it did so with a militant focus on the customer experience.
They do this so well that their business has a 75% repurchase rate. Even though it's an online retail business model, I strongly feel the same principles apply to all sorts of models, including SaaS, consulting, whatever.
So how did Zappos do this? They did this by reinvesting a portion of each sale’s revenue, back into the customer’s experience. So instead of taking $20 from $100 sale and giving it to Facebook or Google ads in the hope of acquiring a new customer, they would use that $20 to upgrade their shipping to overnight, send a free pizza, or offer unlimited free returns. This not only made sure they retained the customer (repurchasing customers spent more and bought more frequently), but they also created free word-of-mouth customers through the advocate marketing as a result of the great experience. Tony Hsieh, the CEO of Zappos went on to write a book called Delivering Happiness about this idea, which I would highly reccommend for all merchants.
Speaking of great books, another book also further opened my eyes to the lost opportunities at businesses who don’t focus on the customer experience. Joey Coleman’s Never Lose a Customer Again
opening chapter highlights an interesting ratio of 43:1. For every 43 books about sales or marketing, there is only one book about customer service, experience, or retention. That means the education around creating a customer far outweighs the education around keeping the customer. But why? It's a known fact retention provides more profitability than new acqusitions.
Thinking about why this is, I believe it has less to do with the difficulty of creating "wow" customer experiences, and more to do with how ridiculously easy it is to automate ads and marketing campaigns. I don’t think we’re against doing hard things, but when presented with the easy option, that’s what merchants will take.
Cycle of momentum
If the "orthodox" marketing tactics can be automated (and they can), you should also incorporate the unorthodox campaigns. Things like sending a free pizza and handwritten thank you notes, will close the loop for a complete marketing strategy.
Whether you’re marketing physical goods, or SaaS apps, or even professional services, it’s easy to want to automate everything. Automating Facebook and Google ads, automating email campaigns, automating chatbots, automating discounts, popups, and special offers, automating dropshipping; it’s really easy to do this, and the app stores are overflowing with apps that automate. It’s clear automation is the future, but there is no competitive advantage here.
And so in order to stand out, I’ve learned you can’t automate the hard things. You should try to do the important hard things personally, because it’s in those moments that you will build brand reputation and value.

More than One Solution (to the Problem)

We went from running a Shopify store earning several thousand dollars per month, to developing a suite of apps used by over 10,000 merchants.
Working on Scout, and seeing the success from it, we started ideating other ways of getting customers on the phone. Why does only an abandoned checkout need to result in the phone call? What if a customer is interested in purchasing but hasn’t clicked "add to cart" yet? To capture these unrealized leads we developed the callback app called Raven Callback. Raven turns website visits into qualified sales calls. It helped tremendously on my store, because it started to capture more leads due to its lightweight nature. I didn't think the contact/email form was working for me because it’s too much stuff for customers to type, and they perceive replies would take up to 48 hours, so why bother? Same with the livechat, since majority of small businesses don’t reply immediately. The “immediate” callback did wonders and customers continuously commented it was the best customer service they’ve experienced. So, we ran with Raven as well, based on the success I had with my own store we published it on the Shopify App Store.
Raven only has a few dozen merchants on our paid plans, but just those merchants have directly generated over $500,000 for themselves in sales over the past 3 months since we launched. Again, we’re seeing the phone channel as a great medium to close sales, and it works really well for certain products and services. I think any store that wants to have one-on-one conversations with customers, especially those who sell products over $200, should seriously consider the phone as a sales channel.

What’s Next

Now we’re working on publishing our third app, again, inspired from running my bidet store. It’s not phone related, but it is related to customer experience and building a relationship with your VIP customers. The app is called Pizza Party, and it sends free pizzas to those VIP customers.
Based on the learnings from the "failed" hand-written note product, this time, I'm focusing on more customer conversations about it before going ahead and publishing the app. We're not sure yet when we'll officially launch it, it's about half-way done, but I'm happy to chat with anyone who wants to use it for their store. It’s really fun and easy to use. When merchants install it they just outline the parameters of a "great" customer, like order value, lifetime value or order frequency, and then confirm which customers to send to. For example, if you consider any customer who spends at least $200 per order on your store as a “VIP” customer, then Pizza Party will send a free “thank you” pizza to that customer on your behalf. The merchant pays for the pizza, and we take a small percentage, but it’s super easy to get started and really fun to use. The feedback I was getting from my bidet customers who I sent free pizzas was just too awesome to pass up on this app idea. I sent free large cheese pizzas to customers who bought a few hundred dollars worth of bidets last winter and that small token of my appreciation turned into a few hundred dollars in more revenue; it was triple digit ROI. Customers said it was the best customer service they’ve ever had, ended up sharing the story with their friends, which then resulted in word-of-mouth sales.
If you’ve read this far you’ve probably put together the pattern here. I tried a marketing experiment for my Nadeef Bidet store, and if it worked really well I tried to systemize it. By focusing on solving our own problems first, we now have 3 apps, 3 more in private beta, and plans to roll out for several other platforms very soon. And thanks for reading! If you want to get in touch, or have any quetions, feel free to reach out via email or Instagram
I’ll sign off with a Haiku:
What better problem
Than the one you yourself face
To solve for others too
Liked this text interview? Check out the full interview with photos.
submitted by youngrichntasteless to EntrepreneurRideAlong [link] [comments]

Can Elliott Waves Really Predict the Price of Bitcoin?

Introduction to Elliott Waves
Elliott Waves are a technical analysis indicator to predict future price trends. The principles of Elliott Waves are founded on the belief that markets follow predictable sequences of optimism and pessimism.
The sequence of a bull market follows the below pattern. A bear market follows an exact opposite sequence. To learn how to apply Elliott Waves, watch this tutorial by DanV, a very popular Trading View bitcoin chartist.
http://i.imgur.com/NDMTrnn.gif
In a market largely driven by psychology and speculation, one can expect Elliott Waves to be applicable to bitcoin. However, Elliott Wave theory was developed in the 1930s to predict stock prices — can it really be used to predict the price of an asset that would have been inconceivable to the creator of the theory?
This post will analyse the suitability of Elliott Waves for bitcoin traders wishing to get ahead of the market.
Statistical validity
In 2001 an eighteen month study was led by a programmer and market trader called Rich Sanwell. The aim of the study was to determine which patterns worked, and whether the overall principle of Elliott Waves could be proven to be accurate predictors of market trends.
The key findings were:
Elliott Wave, as a theory, was statistically sound. This means that market movements can be predicted using sequences of investor psychology.
However, in 65% of assets, Elliott Waves were deemed too unreliable to be used for trading predictions. Therefore, to be successful with Elliott Waves, a trader must find one of the 35% of assets that move according to patterns outline by the general principles of Elliott Waves.
Those assets likely to follow Elliott Wave sequences have lots of liquidity/volume and are clearly influenced by greed/fear cycles. The Dow Jones matches this criteria and has been famously predicted by Robert Pretcher with Elliot Waves:
http://i.imgur.com/VTJwYMu.png
Thus, a bitcoin trader considering using Elliott Waves must question whether or not bitcoin can be classified as ‘liquid’, and whether or not the price is driven by investor psychology.
Does bitcoin have enough liquidity for Elliott Wave analysis?
Unfortunately, no hard number has been set to define what level of liquidity is required for an asset to be predictable with Elliott Waves. However, Steven Poser, Vice President in the Strategic Analysis and Market Data Group at NYSE Euronex, writes in his Elliott Wave book:
"shares of companies that trade by appointment must be avoided… there must be a crowd for technical analysis to work properly."
According to this definition: yes, bitcoin does have sufficient liquidity to apply Elliott Waves and other technical analysis tools. An evidence of this liquidity is the ease and speed of opening/closing position on exchanges using BTC.sx.
http://i.imgur.com/qcvZzME.png
Now one must consider the question of investor psychology.
Is bitcoin driven by greed/fear cycles?
The short answer to this is: mostly yes.
Bitcoin appears to go through periods of relative stability and then enter a phase of parabolic growth, followed by a sharp correction. This correction ends at a level higher than the pre-hype price, after which the cycle eventually begins again.
This is a textbook greed/fear cycle and a simple chart comparison shows a high degree of fit:
http://i.imgur.com/CLmtJjb.png
http://i.imgur.com/DjSHFsu.png
However, one must appreciate that the price of bitcoin is also influenced by mining difficulty and supply.
Despite this, investor psychology appears to have a much larger influence on bitcoin’s price.
Now that is established that, in theory, Elliott Waves can be used to predict bitcoin’s price, let’s take a look at whether this is possible in practice.
Has anyone accurately predicted bitcoin’s price with Elliott Waves?
Theory and practice are very different things. And only the latter will generate profits.
To assess the real-life returns traders have made from Elliott Waves, the only accessible data are Trading View charts. These allow traders to make predictions, and then chart the price movement against these predictions. Thus, greater accuracy should equate greater profits — assuming the chartist is honest about their prediction.
The most respected bitcoin trader on Trading View is DanV. DanV also happens to like Elliott Waves. Hence, if anyone can make a profit trading bitcoin with Elliott Waves, it is DanV.
But his past charts have mixed results:
https://www.tradingview.com/v/qm7cnu9V/
http://i.imgur.com/HgeXqDx.png
https://www.tradingview.com/v/7ssFMZmi/
http://i.imgur.com/DpCxTxj.png
https://www.tradingview.com/v/A1mFwkEG/
http://i.imgur.com/igQ2tn2.png
The price direction appears to be predicted accurately, but not speed of change or the duration of a wave. These predictions would mostly produce losses, with the occasional profit (assuming a trader traded at every wave).
Conclusion
In summary, it is possible to predict market trends with Elliott Waves for some assets. Although no formal study has been done, it is likely that bitcoin falls within the 35% of assets that can be analysed accurately with Elliott Waves.
However, Elliott Waves are a difficult concept to apply in practice. As a result of this, it remains very challenging to make a profit trading bitcoin with Elliott Waves alone.
Investopedia describes the difficulty of using Elliott Waves nicely:
"There is a standard joke shared by technical analysts that if you were to put twelve Elliott Wave practitioners in a room, they would fail to reach an agreement on wave count and the direction in which a stock is headed."
Written by Josh Blatchford, CMO of BTC.sx, a bitcoin trading platform that allows traders to execute trades on the order books of multiple exchanges, from a single account.
submitted by BTC_sx to BitcoinMarkets [link] [comments]

Mass Surveillance News Collection from 2010

>>>>>>>>> Mass Surveillance
>>>>>>>>> Cognitive Infiltration and Mass Social Psychology Abuse
>>>>>>>> Smartphone Intrusion, Remote activation of Mics and Cameras
>>>>>>>>>>>>>>>>>>>>>>> Ways and Means; Technology and Law
>>>>>>> AT&T
>>>>>>>>>> Amazon, Apple, Facebook, Google, Microsoft, Twitter, Yahoo
>>>>>>>> Goals
>>>>>>>>>>> Lies, Coverups, Resource Misuse, and Danger of Tacit Complicity
>>>>>> Global Deep State Cooperation and Imitation
>>>>>>>>> Hardware, Rootkit, FIrmware Spyware
>>>>>>>> Blowback
>>>>>> Exoteric, Stated Goals of the Security State Have Failed
....CONTINUED IN COMMENTS
submitted by 911bodysnatchers322 to conspiracy [link] [comments]

Transcript of George Webb Video Series Part 217 "Hillary's Leakers, Hackers, and Henchmen" [@Georgwebb / #HRCRatlne]

  • Day 41.2 Russian Group K Container Missile System - Gulftainer Partner - YouTube
    • This is Day 41 this is part two and this is a club K Club K container
    • And it is good for firing missiles
    • These stand up missiles here can just be lifted and hoisted and then fired
    • And this is the company that deals with Gulftainer
    • This is the Russian company a Russian company makes this club K missile system that goes in a normal container, and it is a joint venture
    • I did not realize this until this morning, but Dick Morris had an alert out where he said, "club K was a part of this deal"
    • I said it would be arms in one direction and I said it would be drugs coming in the other
    • Drugs coming in two different ports, the arms are going to be going out other ports
    • I think the arms are actually going to be going out Port Canaveral important Port of Tampa
    • But here is the arms piece of the deal
    • If you're a let's say your Nigerian Minister security of Minister or whatever Defense Minister, you just put these all around your port, and it hidden in plain sight and you're ready to go at any time
    • Civil insurrection or whatever
    • And if you are in power in in a Middle Eastern country where there's a population that may become Restless at any point, Yemen or wherever, this is an easy way if you're a General Grange or someone like that to get arms there for cruise missile capability in containers
    • Hidden within hundreds of other containers and I'll just play the animation here so that you can see the club K system
    • Now Bill Clinton got five million dollars when this Gulftainer deal was done
    • And the Gulf teener deal was negotiated by not only Jack Lew, but also by Rahm Emanuel [Music]
    • {{ war sales commercial }}
    • So all these are sort of Alden things needed for an invasion like a Zero Footprint in Libya or a Timber Sycamore command centers a Timber Sycamore in Syria or Timber Tupelo and Turkey
    • So I think you get the idea that this is if you were organizing an Isis support mechanism for ships, trains, trucks, of course Otaiba owns a trucking line, but let's not forget that--our UAE ambassador
    • This is the kind of animation I want to do for the Awans going into the Rayburn office building
    • So I'm gonna just leave it right there for right
    • Now and then go to some comments speaking of the Awans,
    • And the comment I always like the most challenging comments, because they're the ones that really stimulate critical thinking
    • There's a comment about special toner that I want to get back to
    • But here's a good comment, "George what you're saying is the article they stole a computer system to create an alternate software platform"
    • If you don't remember the articles the New York Times talking about this DHS hack of the inspector-general
    • And it turns out that--the employees are trying to create a new system for the inspector general
    • Wouldn't that be great, if you had all different 30 inspector generals on your system with a Palantir-PROMIS backdoor--wouldn't that be great if that was written by the Awans
    • So again, it just points more to the Awans to me this comment
    • But he's saying, "well--if they just picked up government equipment how can you be so sure like there there was no charges filed? It seems like a slap on the wrist. It doesn't really seem that big of deal. Andre just gave some BlackBerry's over to a government agency. It came out to his rented home a few phone calls. How is that such a big deal?"
    • Well that's not--three different Intelligence agencies came out
    • The NCIS came out to Andre Taggart's home
    • Also the FBI came out multiple times
    • As well as finally was relegated to the Capitol police after an investigation
    • I think you're also going to find that Department of Homeland Security is involved--it just was suppressed
    • We don't know that yet
    • But what we really do need to know is what is the name of the system?
    • What is the name of the system that was hacked?
    • I think it's gonna be the same system that Theresa Grafenstine uses
    • I'm gonna of course ask that interrogatories what is the type of system do you use
    • And I'm gonna also in my DHS lawsuit ask what type of system do you use
    • That's not proprietary information
    • We should know that
    • We should know who contracted was it Brillient that what wrote that system
    • We don't know the case management system that's a real key question
    • So this is the type of thing where you get a challenging question which is great
    • It causes more critical thinking it causes you to dive deeper which I which I love
    • The next one is by the toner--people saying the special toner--what Taggart mentioned a special toner
    • And then Byegone mentions here--here's the policy for toner cartridges with memory chips
    • Now what I had said about the special toner is there is a way with this ultraviolet printing that you can print hidden or--for you for a confidential eyes only type of print on a regular page
    • {{ 911: Bitcoin Paper Wallet --- QR Codes }}
    • So most of the page regular people can see but then there's signatures...the things would normally be redacted that you can you can bring out with with this ultraviolet paper
    • So that's why I said the special toner was used and you saw me produce a package of that ultraviolet from and I'm not sure what that is but by God mentions an interesting thing about the toner cartridges maybe having memory chips, which means that they could be--loading these pages that are being printed and then you could just hack the toner
    • You could just see what people are printing
    • That's just the simplest hack of all time and then just--and then just basically send the printed pages if they were about the one two three agreement
    • For instance usually people print things out before they go to the committee meetings
    • They print it out before the committee meeting they think it's being printed securely but it's being memorized to a printer
    • Now if you were really clever about this, you would delete lunch menus and things like that that we're bringing printed
    • And just store on those printed pages just the one two three type documents
    • Again, if I hadn't seen Raj Fernando on the International Security Advisory Board, if I hadn't seen Rahm Emanuel being involved so closely with the Gulftainer deal and all the UAE deals, and so closely involved in Imran's case
    • ...The memory, the Russian missiles going one way, the Hawala going the other way, it wouldn't be such a concern to me
    • But because you have all those things now this type of thing becomes a very significant a significant risk
    • And Byegone brings up a great point here--that that actually is something I don't know the answer to we need to find out
  • Day 41.3. Did Rep Steve King Say Something in 2007? Three Tresure Troves in Imran’s Backpack - YouTube
    • This is Day 41 part three behind me steve king steve king everybody knows steve king
    • Steve King is the representative in Iowa with Ames, Iowa I think it's Iowa one I want to say Iowa one
    • I believe in 2007 in the Foreign Relations Committee, he said the the Awans are a spy ring that are reading all of our mail
    • I haven't had anybody checked that yet
    • That's gonna be really important because if he's sounding the alarm if he's sounding the alarm in 2007 saying hey these the Awans are reading all of our mail
    • Who knows maybe you knew about the chip and the toner?
    • And they're they're also getting all the people that print stuff to printers Republicans and Democrats right not just what's on the caucus server but what's in the printer toner cartridge memory who knows
    • But if he's saying that 2007 and here we are 10 years later with the same spy ring in Congress--that seems odd
    • It seems like even during this period from February 2nd when the Luke Rosiak's article first broke, you would think he would step up and say, "hey wait a minute I remember these guys--I said something about this ten years ago"
    • I said something--if you see something you say something I said something
    • So I think it's in the Foreign Relations Committee I think it's Steve King I think it's the Awans I think he's saying, "Hey the Awans are looking at our email"
    • I don't think he knew about the printer memory
    • But I'm here today at the Supreme Court yesterday they heard carpenter carpenter versus the United States
    • This is the cell phone case of course they put up a criminal to defend it instead of a journalist who's challenging it
    • But this is one where if we say the cell phones when they started out 20 years ago couldn't do geolocation very well at all
    • They were basically to/from metadata
    • Now they've turned it now you can get into the phone you've got all your apps your people are saying fertility apps and all your goober and your banking and everything they can get everything just by getting in your phone now your phone is your life now
    • So that's what's at stake here digital privacy for the next--maybe 50 years
    • So it's a big case it is--there it is right over the border the Dred Scott border
    • Only this is the Dredd digital frontier it's right there right there
    • We're all Dred Scott now so we got to play this one right
    • So I haven't read the oral arguments yesterday I think the oral arguments get posted a little like a day later after the clerk's mark them up
    • And then the judges they really go into this kind of annotation phase, where they'll just ask a few questions and mainly just gather information gather the arguments, clarify the arguments of the attorneys, but they're not going to issue any opinions on that yet
    • But it should be interesting just to see what the oral arguments where
    • I haven't had time I did 19 videos for something like that yesterday
    • But that's going to be really interesting and the other thing that's going to be very interesting as the DHS hack
    • The DHS hack at I think it's going to be at that hack is that Hawkshead
    • It's the DHS hacks at Hawkshead
    • I think it's a DHS hacks at Hawkshead
    • The Hawkshead home in Lorton Virginia is I think where the raid was was where the DS DHS IG was
    • Why do I say that? There's I believe a friendship between Theresa Grafenstine and the inspector general--a long friendship between the Awans and Theresa Grafenstine
    • So that's obviously she knows what Nancy Pelosi: she appointed her okay
    • So I think there's a relationship there
    • And the fact that another Inspector General one of the DynCorp 30 backbone
    • Remember, Imran is playing video games with the one two three dot--mail.house.gov email with Andre Carson
    • He's playing video games with that person--DHS, okay?
    • So DHS is hacked
    • Who else got raided, who else got raided by DHS and 2 Intelligence agencies in early spring?
    • My initial working theory is Hina all of he pulls her kids out of school and goes to Pakistan in a rush with ten thousand dollars in cash
    • That's because something just happened
    • That's I think maze I want to say May third week of May are March third week of March
    • So I'm gonna say that the raid at the Hawkshead home happened maybe a day or two before that
    • And the reason why Imran comes over here to Imre to the building over here is to erase everything and make a backup so he could take the operation to Pakistan
    • I think the operation stays in Pakistan until July the 27th until he gets back here
    • When he he he's gonna believe and go again, with another set of disk drives and he gets arrested
    • We still don't know what was in his backpack at the airport--we don't know the contents of the backpack at the airport
    • We know the contents of the backpack on the April raid
    • I believe it one I found was the March raid the March DHS raid
    • We don't know the contents of the April raid
    • And we don't know the contents of Imran's backpack at the airport
    • Those are going to be key things for discovery as we roll forward
    • The backpack is really a triad
    • There's really three troves I got close to one of them with a witness of one of them
    • But there's going to be two other troves the capital police trove and then also the TSA trove out of the Dulles Airport
  • Day 41.4. Barrasso and Uranium One, Plot Thickens - YouTube
    • Day 41 the Senate is currently debating the tax bill
    • It looks like they're hopeful they may have something to take home for Christmas for their constituents
    • We don't really know the answer to that yet
    • You see a little bit of hedging going on Senator Barrasso from Wyoming was here a minute ago and he was talking about--consideration
    • And whenever I hear that word I think oh this means that they're not gonna they're not gonna vote for probably table it and look at it a little bit longer
    • I don't know if the constituents will be very happy with that given Congress's performance this year
    • It does look like this Uranium One thing is more than just a democratic issue
    • And more than just a Republican issue
    • It really cuts across both the Senate and House both parties
    • So it'll be interesting to see with brass those interests in Uranium One in and Wyoming and some of the other Senators and Congressmen and in with interests and other western states
    • Be interesting to see how this all shakes out
    • So we'll be here for the rest of the day or parts of the day for the Senate update vote
    • We'll also be interviewing other folks along the way on the Uranium One story
  • Day 41.5. Judge Chutkan Hears ACLU vs Mattis Habeas Corpus Case - YouTube
    • Day 41-year judicial report
    • You can see that there's a few press here waiting for potentially Michael Flynn
    • There's rumors swirling that Michael Flynn may show up in court today as well as other people such as maybe Carter Page or other people that were involved in the Mueller investigation
    • I was researching the Larry Clayman case
    • I had heard that he had filed on Mueller--turned out that it was an older case
    • But I saw a couple of cases between Larry Clayman and Judicial Watch one from 2006 one from this year 2017
    • Basically, the claim is still the same: Larry says I started the company from a volunteer office to a 28 million dollar operation in 2008, and Tom Fitton said--he was in the severance agreement--to bring somebody else in, and he still controls Judicial Watch 11 years later--Was interesting some of the stuff you find
    • I did look at all my cases for updates didn't really see any
    • There was an interesting ACLU case which is ACLU versus Mattis, being a secretary defense
    • He currently has a person that's been in held since mid-september in Iraq it was a U.S. combatant, supposedly fighting for Isis in Syria, that was turned over to the Secretary of Defense
    • And he's been held without writ of habeas corpus
    • The ACLU has requested that and they have not received it, which is unusual
    • Two months in that you don't have it right to an attorney right to defend yourself right to representation this is an interesting case because this normally when you hold on to a person this long, they have something, they have something in terms of Intelligence or there's got to be an Intelligence value to why they would be holding somebody over two and a half months without a writ of habeas corpus
    • Of course the last person that I remember being accused of suspending the writ of habeas corpus was Lincoln or ignoring it anyway in Maryland, when he took over the legislature in Maryland
    • But I was informed by the attorney that no it happened in World War two, during the out right after Pearl Harbor and it happened in right around the time after the Civil War briefly very briefly after the Civil War during occupation
    • {{ 911: not to make you wrong, George, but George W Bush did it also, couple of years after 9/11, so he could torture some folks }}
  • Day 41.6 Motion To Compel The Production of Public Documents. - YouTube
    • It's day 41 this is part six and sent it still talking away and Barrasso says they're gonna pass it by tonight
    • So we'll see
    • Motion to compel motion to compel motion to compel
    • Judicial economy
    • What I would love is just on this one comments about motion to compel just copy and paste all the motions to compel for the production of public documents
    • If I'm going to go ahead and give three weeks for all the respondents to respond again, after they've had kind of a year and a half plus they've also had a chance for a month and a half with their or two months and a half with their criminal case, I would like to just in the interest of judicial economy, get as much of the public documents as possible
    • So I want to file a motion to compel for public documents
    • Especially Fairfax County
    • Get all the unlawful unlawful imprisonment the full report
    • Get all the the beatings with no reductions on the street numbers...
    • Get all the police reports get the capital police reports for the night of the backpack incidents
    • So I've got a good I gotta use my prop the backpack
    • The backpack is April 6 the Capitol Police say they find it in April 6
    • Now Zero Hedge says, "well it was lost actually in late March or sometime in the spring and then the Capitol Police finally found at April 6"
    • No no no that's not how the Capitol Police work there they sweep every night they would find it I've been to the phone booth they would find it
    • So I think what happened is if he know I'll be left on March 6th and pulled her kids out, it's much more likely that that's the night the bag was intercepted
    • She grabbed her kids she went to the airport
    • Imran went to the Navy Yard to wait it out to see if he's going to get arrested or not
    • That would dive more with Andre Taggart's story of about a month before, and then moving out
    • I'm much more inclined now to think March 6 was the real date, the night that Hina goes to the airport is the same night they find a bag
    • Who in their right mind, if there's a theft and an Eagle break in to a network of the Congress would hang around?
    • Well I'll just hang around no I don't think so!
    • I think there is no reason to leave the country and pull your kids out of school unless something like that happens
    • So and she leaves--Hina Alvi leaves I believe on March 6th
    • And supposedly the night of the bag incident and on the on Capitol Hill over in Rayburn happens on April 6th
    • I wonder if they didn't just move it a month apart to just shard it and confuse everyone
    • It's much more likely that those two events would would be in sync
    • "Hey they found a bag, which has a hard drive, which has a laptop, which has a notebook incriminating you...let's get out of town": that makes much more sense to me
    • So fill this comments with motions to compel
    • I want to compel, especially those three police reports, the TSA reports at the airport for both when Imran left, and also Hina left as well
    • And then all the imprisonments and all the violent crime if there is any violent crime as well as all the tickets as well
    • I don't think the tickets are redacted
    • So that's not a problem but it's really those three beatings that I'd like to motion to compel with real dates, real police reports
    • It shouldn't be eyedropper through one person Pat Sowers or someone like that an intermediary with the Fairfax County Police police to one reporter which is Luke
    • Over a series of six months
    • These should be public documents available to all reporters and let people build their case from there
  • Day 41.7 Editing Videos 54-66, Taking Out Summaries - YouTube
    • This is Day 41.7 and I've been going through my old videos
    • And this is because we're coming up on day 54 from last year
    • And what I decided to do was start at day 54
    • I deleted 53 because 54 is really a good good one to start on
    • And the if you go through the video it really does a good job of kind of laying the foundation for you to watch the rest of the series
    • And it's got just a lot of these storyboard slides that have a lot of impact
    • And for people who haven't read Clinton Cash
    • Or people who haven't--spent a lot of time doing a lot of research, it kind of gets everybody on the same level
    • So I didn't edit this video
    • What I did was I because back when I did this series originally, and I just give me a couple ideas of some of these more summary slides
    • What I the thing I was so surprised with is how accurate everything is
    • And how relevant everything is till today
    • That's the one surprise
    • I was saying the FBI it was a spy ring way back then
    • And they were sort of funding Fusion GPS...and and at that time I remember how that was just an unheard of accusation
    • And now how with all the Fusion GPS and the FBI funding Fusion GPS and funding Christopher Steel and funding the Russian spies to come in and live in Maryland to do wiretaps and all the support McCabe has given the Awans
    • And that that relationship will continue to develop over time
    • What I didn't know--so that's the thing that I was very pleased with, I guess
    • Not this all the steps one two three four five here in the topple of Libya, Syria, Turkey was well known and well documented
    • This is Clinton cash had done a good job of it
    • What wasn't known at that time was the FBI's involvement
    • And this is a charge I had made from the first day in the series
    • But this the thing that after doing the Benghazi trial
    • And then I'm gonna point over here
    • I didn't realize how involved the FBI was in the planning of that
    • How many agents were actually there how many agents were actually involved in the cover-up of
    • Or I wouldn't say cover-up but just try to make it look like a bunch of cab drivers--all got together one night and did this thing
    • That's not what happened--it was an orchestrated FBI and CIA working together
    • I thought it was mainly CIA because of Petraeus, but what I've learned is in looking at all the people at the trial: they're all FBI people
    • So I think CIA was mostly involved in the planning but the follow up
    • The FBI was definitely there and that's the piece that I that I really didn't have
    • On subsequent videos what I did was since I was summarizing on a daily basis, what I did was kind of chop off the first three minutes or whatever two minutes of the summary
    • So that you could go right to the new thing every day I would add a new new slide about this second slide that was the idea I would do a quick summary and add a second slide
    • So what I did here is just jump to the second slide
    • So I'm taking about three minutes off of those I'll go back
    • Again, and do a flash-forward, but I just want to let everybody know I'll delete a video here and there and then combined in order to make this more of a series that you could just watch from beginning to end
    • And eventually as we keep kind of editing down it'll get more and more condensed into almost one movie at that to see at some point
    • {{ 911bs: KEEP YOUR ORIGINALS ALSO AS MASTER }}
    • That's all for right now and have a good day everyone
  • Day 42 - STX = Sports Transport Logistics? Does Business With Awan Sports in Sialkot? - YouTube
    • It's Day 42 and I have been in the process of going through a year ago videos
    • And I was surprised over and over again, of how early I had said Andrew McCabe was running a spy ring for Hillary Clinton
    • Mainly created out of a set of reprisals against people who voted for Bill Clinton's impeachment
    • But that degree has grown over the last 20 years into a larger and larger group of reprisals
    • Until recently now, we're seeing all these smears coming out against all these different Congressmen and Senators and news news personalities...for asking tough debate questions
    • So again, this is what I mean where the baby octopus doesn't get any better
    • The cancer doesn't get any better by waiting another 20 years
    • It just gets worse and what I didn't know at that time was that the Awans were recruited
    • They were brought into the United States through this inter-America program
    • The wink is "enter America"--it was a combined move with the CIA through this presidential decision directive 62, basically bringing in these teams, like you would a high school class, like you were to recruit basketball players or softball players or soccer players or cricket players
    • They're brought in in about 1998
    • Now the reason why I think they're brought in is for this thing called the National Nuclear Security Administration
    • The NNSA is created in 1999 to manage nuclear proliferation
    • It also manages Navy fuel the Navy nuclear propulsion program NNPP
    • Not the PP (peepee dossier), this is the NNPP the Navy nuclear propulsion program
    • Now does that sound familiar? Navy propulsion Navy nuclear movement of nuclear materials
    • And now also there's gonna be this company that transport logistics the company that does that movement of nuclear materials for this one two three agreement is also going to have a sports company
    • Now does STX mean sports transportation logistics sometimes an X is used in the business before a shorthand for logistics
    • So does STX equal sports transportation logistics?
    • Well it turns out that transport logistics does start a sports company, and it's started by this guy called for uh no (FORANO?)
    • Now it turns out STX sports does have a relationship with Awan sports in Pakistan
    • And these kids make soccer balls in Sialkot that northern area that northern drug area of Pakistan
    • So we're gonna look more into that but in order to administrate this one two three agreement the FBI gets involved in this
    • This was normally done wasn't done by a civilian agency before it was done by the CIA
    • So David Petraeus works with Andrew McCab,e and Mueller, Comey, McCabe etc
    • That's why they're at the center of this thing that starts in 1999 which is gonna be Uranium One
    • Now she remember it sailed through Uranium One sailed through in 2010
    • But actually it goes back through the Cepheus CFIUS process but actually goes back all the way to nineteen ninety nine
    • And if the scipiosCFIUS if you remember is uh is kind of intercepting
    • The first thing that this spy group does in 1999 is it starts intercepting the CFIUS investment proposals for people coming in investing in United States
    • And what I am saying is those get those get intercepted and get let out two other groups that will give us bribes and political favors
    • The next step and the two in the process is getting them an EB-5 visa get them into the United States
    • Three is to compromise them with either--give them the nice cars show them the nice girls
    • Jeff will help with that Jeff Epstein will help with that
    • And in the process will film them and low light cameras so that they'll always be compromised
    • So they'll basically become our agents for for the rest of time
    • Now I ask you if if Imran Awan didn't have state sponsorship, how would he be able to get away with twenty burglaries in Congress
    • How would he be able to have a secret server with be able to remove the hard drives...
    • Just doesn't stand a reason that he would be just charged with one originally he was just charged with one $123,000 bank fraud movement
    • Well the reason is we I went to this house and talked to Andre Taggart and found these hard drives
    • And that kicked over another investigation another FBI raid that occurred
    • This house and I believe it's gonna be the DHS OPM raid
    • And these are they're gonna be the hard drives and Blackberries and also government laptops I think it's gonna be four and twenty as I said before I think it's still gonna be four and twenty but whatever it is we're gonna find out
    • Again, if they didn't have spent state censorship how would they get 5100 legal legal logins
    • How did they be able to get away with having government equipment could not might not just be government from the Congress may also be CENTCOM may also be State Department
    • How else would they have the hundreds of suspicious activity reports and transfers
    • How else would they have one hundred and fifty doped iPhones
    • All these things would get you put away in jail for quite a long time if you were just a regular guy
    • As I mentioned hard drives are being made here there's lots of physical evidence I believe the toner is the cover to come in and out of these different government buildings
    • I think it's gonna be thirty different government buildings including the Penn Federal Credit Union maybe Federal Credit Union especially
    • There's gonna be three sets of evidence from backpacks
    • One Inauguration burglaries
    • Two the April sixth burglaries or whatever we get that
    • and then finally when Imran Awan leaves on the 27th
    • I think there's also going to be backpacks with the information
    • So we need all those from TSA from the Capitol Police and the Fairfax County
    • We need to get all those and I would like to probably do a motion to compel for those right now, if somebody has any advice on that
    • Again, we've done a lot of due diligence about what we're looking for, so the discovery is going to be precision
    • Here's Kwasi Mensa for instance
    • We're gonna want to see his personnel records
    • And then there's a lot of cases--we can't seem to find currently right now
    • I don't know how these would get expunged if you didn't have friends in high places
    • This case right here is for unlawful imprisonment
    • How many people--that have gotten away with unlawful imprisonment without any kind of sentence at all?
    • So there's the case number there here's the beating
    • And unlawful imprisonment over at the the Springfield Road drive the 6324 Thomas address
    • Again, you see here that the incident number has been blacked out
    • You'd have to have friends at Fairfax County
    • I'm not saying Freitag low light cameras
    • But you'd have to have somebody that you knew like Freitag
    • The beatings we have the beatings at Lachine the beatings over here at Manitoba
    • I'm not saying that this is the place where the girls are being held against their will
    • And this is the gang clubhouse, but boy it sure looks like it
    • Then of course we have Tagawa out there with the car parts in Eastern Maryland
    • Here is the case number there
    • We need to see these cases to see actually who filed these cases...
    • If they're expunged it shows that you've got friends in high places
    • Again, with a different civil suits
    • There's one two three four civil suits here
    • Again, how do you get away with this?
    • How do these get expunged, if you don't have friends in high places?
    • You'll notice an R&H trucking here like very much like an R&L trucking
    • R&H motorcars a lot of time if you're gonna do any illegal trucking operation, you'll steal the cars, and those become the cars
    • Then when you gradually start making money you buy trucks to get bigger trucks to get rid of the cars
    • So that's kind of a way of bootstrapping yourself in the trucking business
    • And then of course then we'll start with the interrogatories and start asking questions
    • Anthony do you know Imran?
    • Imran do you know Anthony?
    • Huma do you know Imran, etc
    • That's coming
    • And then of course these cases here which are 1 2 3 4 be Abid Awan cases
    • We like to see those against all these banks
    • These are credit and then of course all these hospitals Alexandria Hospital Alexander Hospital interval hospital
    • And then this Dulles Greene case here which is the involves imprisonment
    • Also need to see the credit union report from Kalyn
    • And we need to also see the detail amount of transfers from the suspicious activity reports
    • And again, we need to start looking into this STX and Awan sports and these shipments by Awan sports and soccer balls into the United States
    • And see if STX is picking them up
    • If Mark Lambert of STX sports transport logistics is picking these soccer balls out from Awan sports, I say that there's a connection between Imran Awan and
    • --Again, his dad owns the end controls or did control this contested area up in the Kashmir area and Sialkot was where the rice farm was
    • Remember we have bills of lading of Imran taking basmati rice orders in Baltimore
    • Baltimore is where Johns Hopkins is by the testimony of the Defendents that's where they said he went to school that's where Mark Lambert and that's where the trucking company is near the NSA and Fort Meade
    • So it's everything's kind of a concentration out there
    • The distillery is out there in Frederick Maryland
    • There's lots of stuff going on and trucking going to Bethesda near the Walter Reed Army Navy hospital
    • A lot of stuff's coming from the nuclear facilities and the enrichment uranium facilities from Paducah to Bethesda
    • Is that medical isotopes? We don't know. We just need to look more into this stuff
    • We have kind of a smoking gun
    • But here--it's what I'm talking about--the twenty four thousand boxes
    • Looks an awful lot like a ratline being shut down, and car parts being sent to to another country
    • You can see all these shipments by the Awan brothers here in the last--time while they were waiting to do trial
    • And then the car companies...
    • We have lots of documentary evidence that we need to look into
  • Day 42.2. Mike Flynn - Don’t Sign Pleas Deal - YouTube
    • The Flynn announcement is out
    • I mentioned that yesterday and of course it happened today
    • I didn't expect it this morning though we're heading down to 333 con right now 333 Constitution
    • There's word that he's there already these giving up his phone
    • There may be an agreement talk to Robyn Gritz this morning
    • I've talked to other people that are in communication with him
    • We urge Mike Flynn if he hasn't already agreed to a guilty plea to please consider an innocent plea
    • I even if they threaten your son whatever
    • The circumstances are if this is the McCade behind the curtains meeting if this is the famous McCabe hiding behind the curtains and then doing one of those little hey walk up ambushes
    • Just any well--I heard you had that meeting--with the Russian ambassador how that go?
    • Do not! That is entrapment!
    • Do not sign any agreements we urge you not to do that
    • McCabe we can prove an ulterior motive with Robyn Gritz with other professionals inside the FBI with reprisals
    • Please do not sign a guilty plea
  • Day 42.3. Flynn Takes Plea Deal - YouTube
    • NO Autocaptions
    • Michael Flynn Plead guilty on a 10 page plea agreement
    • Read his rights by Judge Contreras
    • Believe he'll be released at DC Courthouse
    • We believe McCabe threatened his son with Prosecution
    • We'll see if that's true or not. I doubt he'll be able to talk because of rule 37b in the federal procedures but we'll see if he'll answer that question
    • Many people at the last sec have plans of pleading not guilty but in the last moments they are threatened and they break and they sign a plea agreement.
    • That seemed to be the demeanor of Mike Flynn in the courtroom
    • {{ 911: "Lock him up" sign held by deluded alt-leftist in the back. People don't understand this situation, do they? }}
  • Day 42.4. Did McCabe Threaten Your Son? - YouTube
    • NO Captions
    • DC District court, waiting for Mike FLynn
    • {{ 911: Mike Flynn exits courthouse under protective guard and enters a vehicle and leaves. Dozens of people shout "Lock him Up, Lock him up". George goes another way with that... }}
    • G: Did Mccabe threaten your son? Did McCabe threaten your son? Did Mccabe threaten your son? Did McCabe threaten your son?
    • {{ Flynn drives away. Video ends. }}
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