text:
Defiance of the father, 33, charged with burning down historic furniture store
- Father-of-two Gordon Thompson salutes friends from the dock
- Pregnant airport worker admits receiving £10,000 in stolen goods
- Convicted rioters could be banned from shops for up to two years
- Stepson of M25 road-rage murderer Kenneth Noye is suspected of looting
- Christian minister flies back to UK to witness two sons accused of stealing
- Pregnant mother also faces spell behind bars
Defiant: Gordon Thompson, 33, arriving at Croydon Magistrates Court, where he was charged over the arson attack on a furniture store in last week's riots
A man accused of torching a 140-year-old furniture shop during the riots made a defiant gesture in the dock yesterday.
Father-of-two Gordon Thompson, 33, saluted friends as he was remanded in custody and led to the cells.
He is alleged to have triggered the inferno which saw Reeves of Croydon, a family business that had survived two world wars, reduced to a charred ruin during last week's disturbances.
Images of the blazing store and a young woman leaping from an upper storey illustrated the wave of anarchy which swept across London for four days.
Painter and decorator Thompson, wearing a grey sweater and ripped jeans, was charged with two counts of arson, one of recklessly endangering life, two of burglary and one of violent disorder.
He spoke only to confirm his name and address at Croydon magistrates' court.
Thompson is also accused of stealing a lap-top computer from Reeves and 'various items' from the nearby House of Fraser department store.
He was remanded to Inner London Crown Court on August 22.
District Judge Robert Hunter said: 'Due to the gravity and serious nature of these offences bail is denied.'
The building Thompson is alleged to have set alight has since been demolished.
The street on which it stood, Reeves Corner, was named after the business founded in Croydon in 1867.
At the same court, an airport worker who is five months pregnant admitted receiving £10,000 worth of stolen guitars and hair extensions looted last week.
Alicia Wilkinson's home was 'jam-packed with stolen goods' and amongst the haul were several expensive guitars and two plasma TVs.
Ablaze: The scene broadcast to television screens nationwide as Reeves furniture store burnt to the ground during some of the worst civil unrest ever seen on London's streets
Before: Reeves furniture store in Croydon, before it was burnt to the ground in the savage rioting that hit the area last week
After: The historic shop after the night that shocked the world
Miss Wilkinson, 22, who has no prior convictions and has worked at Gatwick Airport for the past three years was remanded in custody despite her condition.
The 21-year-old stepson of Kenneth Noye has been remanded in custody after alleged looting in east London.
Noye, pictured right, was jailed after stabbing to death Stephen Cameron, 21, during an argument on a motorway slip-road in 1996.
The mother of the young man who has been arrested had a three-year affair with 64-year-old Noye while he was on the run in Spain.
A family friend told The Sun: 'She likes bad boys and used to go out with Noye.
'Noye was effectively the boy's stepdad. His mum and Noye saw each other for three years before he was jailed.'
Last year Noye lost an appeal against his minimum 16-year life sentence for Mr Cameron's murder.
Noye's stepson is known to have been a nuisance to neighbours, playing loud music at night and holding parties until 6am. He is due in court over rioting in the next few weeks.
Her boyfriend Nicholas Cuffy, 20, a mechanic for Volvo and his brother Neil, 19, an A-level student working at Top Shop, were also remanded in custody until August 22.
Every man, woman and child convicted of looting or public order offences in last week's rioting is expected to be banned from shops and stores for up to two years.
The zero tolerance tactic is seen as part of the massive fightback against criminals who plundered shops, attacked police and torched buildings in the worst riots in 30 years.
Scores of businesses across the UK have been left with huge repair bills after their premises were ransacked or destroyed during the disturbances.
But they have been given the chance to retaliate with the use of a 'civil exclusion scheme' which will essentially ban all convicted rioters from setting foot in their stores.
The scheme was originally designed to cut the level of crime by keeping persistent shoplifters, thieves and troublemakers out of shops.
But it has been extended to include all those who are hauled before the courts and convicted of taking part in the mass disturbances last week.
The plan was unveiled in Manchester yesterday and similar schemes are expected to be introduced other councils affected by the riots.
Crackdown: Looters convicted in the courts could be BANNED from entering shops under a scheme to be trialled in Manchester
Meanwhile, Christian missionary Remi Caillaux travelled back from Africa today to see his two sons in court accused of looting during the riots.
Samuel 20, and his brother Michael, 18, are accused of stealing from the Iceland store in south London during last week's violence.
Their father is a leading missionary who heads several Christian charities and preaches across the world.
He is the founder and chief executive of the Yahweh El-Shaddai ministries and with Christian arts charity the Heaven Trust.
Remi travelled back from Ghana to see his sons in the dock of Camberwell Magistrates Court.
During the hearing he leant against the perspex screen and sighed in despair when district judge Tan Ikram denied bail.
In God we trust? Evangelical minister Remi Caillaux's (left) has seen his two sons charged with looting whilst Kelan Morat (right) was also charged along with the Caillaux's boys
The two boys were part of a group of five who police spotted near the Iceland in Croydon in the early hours of Tuesday morning. All were carrying rucksacks and Michael had an Iceland bag. allegedly full of alcohol.
Prosecutor Nicholas Earl-Quarloo said that the boys told police they took items from the floor outside the looted shop.
He said: 'Inside the Iceland bag Michael was holding there were several bottles of alcohol without receipts. In his rucksack there were ten Capri sun drinks.
'He told police he had got them from Iceland and that it was just open. Police said it was not open, there was no staff there, stock was on the ground and the windows were smashed in.
'He replied 'yeah, it was just open so I took them'.'
The court heard apprentice plumber Michael claims he was leaving his girlfriend's house before he met up with brother and three friends by chance.
He said he took items from outside the shop that looked too damaged to be resold.
His mother, father and girlfriend, who is six months pregnant, were in court and the mother offered £500 surety for both boys.
Judge Ikram refused bail and said they faced a lengthy jail term.
He said: 'There seems to have been pre-planning involved. All the boys were carrying rucksacks. They did not appreciate that they could face a lengthy custodial sentence if found guilty.
'They appreciate that now.'
The pair are charged with burglary. Michael has pleaded not guilty and Samuel has yet to enter a plea with the brothers next due to appear in September for a committal hearing.
Shame: Pregnant Jaleesa Thomas (centre), leaves Camberwell Green Magistrates Court and is awaiting her sentence
A 20-year old mum to be was warned to expect a lengthy jail term today after she admitted stealing a vacuum cleaner during the London riots.
Jaleesa Thomas, from Tulse Hill, was arrested when police found her near a Curry's store in Brixton at 3am on Tuesday morning after the store had been ransacked.
Thomas was found next to her car with two friends after police contained the area. Inside the car were two TVs and a vacuum cleaner.
Prosecutor Nicholas Earl-Quarloo said that the shop was attacked by more than 200 people.
He said: 'They found Ms Thomas with two others next to a car with a number of items from the store, some still in their boxes, including two TVs and a vacuum cleaner.'
Bruce Reid, defending, said the mum to be was remorseful and her family shocked.
Caught: Another rioter from Brixton (centre) is led away by police officers following the looting in London
He said: 'She has been in piece. She is literally being supported by her mother and grandparents outside the court. She fully expects to be sent to prison.
'Her mother was aghast at her daughter's offences. She is a 20 year old woman in the early stages of pregnancy and she has been accepted into college.'
She pleaded guilty to burglary at Camberwell Green magistrates.
Thomas's mother broke down in tears when Judge Tan Ikram sent her to Crown Court for sentence.
He released her on bail under a tag and curfew but said: 'Many cases have significant personal mitigation but you have to weigh this with a deterrent sentence.
'The seriousness of these allegations is you were at the core of the looting of the store which suffered a substantial loss that night.
'I think a crown court judge must deal with sentencing.' She was sent to Inner London Crown Court for sentence.
A teenage looter who took part in the riots joined in the violence because she wanted a new TV for her flat, a court heard.
Sinead McCaffrey, 18, was arrested near the Currys in Brixton as she loaded a TV into her friends Ford Focus.
McCaffrey and two others were spotted after police regained control of the Currys in Brixton in the early hours of Monday morning.
The store was ransacked by more than 200 looters who had managed to lift the shutters. McCaffrey and co-acussed Jaleesa Thomas were both bailed to the Inner London Crown Court for sentencing.
Crime stoppers: Jordan Newcombe, 17 (left) and and Hayam Sharit, 14 arrive at Highbury Corner Youth Court
Both pleaded guilty at Camberwell Green Magistrates Court today while a third woman is yet to appear before the court. Nicholas Earl-Quarloo, prosecuting, said the women were part of 200 that stripped Currys.
He said: 'At 3am on. August 8 officers responded to a serious public order disturbance at Effra Road Currys.
'Officers put in place a containment cordon and as they cleared the area they came across the defendant and two others next to a car on a dead end road.
A 17-year-old doctor's daughter was told she could face a lengthy jail sentence after she admitted looting a bottle of Lucozade from Poundland during last week's riots.
The churchgoing youngster, who can not be named for legal reasons and who has no previous convictions, was remanded into custody after pleading guilty.
She was spotted after a photographer showed her image to police and she handed herself into police yesterday and gave a full interview.
The teenager's mother is a doctor and her father a nurse but neither parent was at Camberwell Magistrate Court today to see her remanded in custody to face sentence on September 2.
It was claimed the girl, who attends a youth church group, went to Peckham to see the riots and got carried away with things.
District Judge Tan Ikram gave her credit for her guilty plea but said the possible lengthy sentence she could receive means she was a risk of absconding.
He said: 'There are many people your age involved in looting and perhaps some of them didn't appreciate how serious this offence was or is.
'You went into stores and were involved in the looting of confectionery. The court must consider a lengthy period of detention.'
The 17-year-old was remanded in custody to be sentenced by Camberwell Youth Court on September 2.
'The car had numerous electrical items from Currys including two TVs.
'All three were arrested and during interview Ms McCaffrey admitted theft and said she went to Currys to steal a new TV for her flat.'
Furthermore, twiin 14-year old girls who stole crisps, sweets and fizzy drinks during the London riots spent the night in the cells after their mother marched them to the police station.
A mob of youths stormed into Tesco supermarket in north London on August 7 stealing as they went.
Although they were not part of the group that broke in, CCTV footage captured the twins entering the shop and helping themselves to sweets.
Officers recognised one of the sisters as both were on a three month referral order for assault.
Although they were not at their Holloway home, their mum took them to the police station yesterday and the pair spent a night in the cells.
Prosecutor Adiodun Kadri said: "Officers attended their home address but they were not at home. Essentially, later that day the defendants attended Islington police station accompanied by their mother.
'She took them to the police station.' Appearing in the dock at Highbury Youth Court the twins, one wearing a pink headscarf and body warmer while the other was dress in a black headscarf, admitted burglary.
They sat in court with their father and older sister.
Extending the referral order for an extra nine months, magistrate Dawn Cooper said: 'You were both part of a very frightening and disturbing incident that happened in London.
'That made Londoners fearful, scared and very, very ashamed of their city.
'We take note of your young ages and that you are on an referral orders and will extend that to a year.
'We hope within this there will be a programme addressing the riots and the fear and destruction that happened in London which ordinary people felt on the streets.'
Summary of suspects brought before court - 6th to 9th Aug (Source: Ministry of Justice)
| Charge
| Not Known
|Remanded on unconditional bail
|Remanded on conditional bail
|Remanded in custody
|Outcome of hearing not recorded
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text:
Raoul Pal: Novo, good to see you again.
Mike Novogratz: You as well.
You as well.
RP: It's been a while.
I really wanted to get back together with
you to talk about– you've done one of the
things that I find really interesting.
I've been interested in this whole kind of
crypto, and blockchain world, and all of what's
going on.
And you've made the shift from macro to this.
So you've obviously seen it as a macro opportunity.
And Burbank's done this, and Dan Morehead,
and a lot of people we all know did.
Talk me through it.
MN: Oh, sure.
The first little secret is Morehead's fund
didnt do so well in macro.
He kind of reinvented himself in crypto.
He had a good run for a long time.
RP: Same with John as well– Burbank.
MN: Same with John.
And so often, necessity is the mother of invention.
Listen, I left Fortress.
And like many people, there were some broken
I had a crummy in my fund last year.
And I took some time to reassess.
I was running a family office.
And just being invested in crypto– and we
were investing back in Fortress.
When it started to take off, you had extra
time to sink your teeth into it.
And it just sucks you right in.
It is fascinating from a political perspective.
It's fascinating from a sociological perspective.
It's fascinating it's making new economic
And it is macro.
And so the skills you have in macro are so
It's macro plus being a venture guy.
And so for me, it was just an easy fit.
And having had early skin in the game, and
being either silly enough or smart enough
to get on TV back in 2014-15 and talked about
why I thought it was a bull market and build
credibility, it didn't take long before I
had the shot to kind of be one of the guys
at the center of the space.
And when I was looking at next careers, it's
It's exciting.
You want to stay young and hang out with young
It kind of sucked me right in.
RP: There was a mate of mine who's another
ex Goldman guy– Emil Woods.
I don't know if you know Emil.
He's been in blockchain, Bitcoin for a long
time very early on.
And he just said he left the hedge fund game
for one thing and went to this.
He said, because this is alpha.
He said, there was almost no alpha left in
markets, or much less alpha.
MN: I'm not sure I believe that actually.
Listen, some people really did see this as–
like Morehead to his credit, when I called
Dan, he was sitting on the sidelines and sort
of called me.
I looked into Bitcoin.
I said, this thing's going to go higher.
And we didn't have enough time, nor did Fortress
really want to be big investors publicly in
the Bitcoin-blockchain space back then.
So we called Dan and said, look into it.
And so Dan, to his credit, spent two weeks,
and called back, and said this is going to
change the whole world.
And so he went in hook, line, and sinker.
And a matter of fact, I owe him a thanks.
Because Briger and I, who are the Fortress
guys behind this, we were wealthy guys at
the time.
And Dan was pretty wealthy, but not nearly
as wealthy.
And so he put a lot of money into it.
So we figured we at least need to put as much
as he did.
And so a lot of our early giant gains came
from the fact that Morehead had so much courage
around this thing.
RP: Yeah.
Nothing like a bit of competition, right?
MN: Yes, exactly.
RP: So what is it that appealed to you about
the space?
Because everyone always has this anchor point
that they get into something because they
see something, and then goes, OK, I get it
What was the thing that you saw?
MN: Originally, I got a call from Pete Gregory.
He said he had moved to the west coast.
Everyone is talking about Bitcoin.
What do you know?
I said, I've never even heard of it.
So I googled it, did a little homework.
And at that point, it was 2012.
We were right in the middle of the European
financial crisis.
We'd had the big financial crises in 08.
And I remember, literally, Paul Singer took
an ad in the newspaper saying that Ben Bernanke
should go to jail because QE2 was so treasonous.
And I'm thinking, Paul Singer is one of the
world's great investors.
Like, what's he thinking?
And there was this split.
People were so worried about quantitative
And I was like, wow, we have rational economic
actors worried about the state of Fiat currency.
We also have the cypherpunks, the libertarians,
the people that want to live off the grid.
And there was enough of a constituency– and
the Chinese were buying.
Enough of a constituency, I was like, cool
technology, cool economic idea– this thing
is going higher.
So I thought at least it'll be a bubble.
No idea if there would be mass adoption or
not, but at least I originally bought it really
as a speculative asset.
And then we had that great debate– do you
want to own the asset or the picks and shovels?
So we bought some exchanges.
Our great miss was we tried to get into the
coin-based round.
So it was Fortress and Benchmark.
And they end up picking Andreessen and Union
Square Ventures.
Fred Ehrsam was an FX guy at Goldman Sachs.
I was an FX guy at Goldman Sachs– like, Fred,
let us in.
He didn't let us in.
But a home-run investment for those guys.
But we invested in Bitstamp, and Corbett,
and some other exchanges that did very well.
It wasn't really until I left Fortress and
I stumbled into Joe Lubin, who runs ConsenSys'
Joe's a college roommate and a friend.
And I looked at my portfolio.
I was like, I've got all this stuff.
Bitcoin hadn't gone sideways for a while.
And I know Joe had been coding away for years
on this new project, Ethereum.
So I went to visit his office.
And it was my first aha moment.
I was like, shit, these guys are plotting
a revolution.
They were plotting a revolution to take down
all these centralized systems.
And so if it was the cloud, if it was ride-sharing,
file-sharing– all the verticals, they had
them on their Wall The music business.
RP: They had a very clear sense of where they
were going?
MN: They had a very clear sense.
And he is a complete believer in this new
world, in this decentralized, distributed
world– distributed trust, distributed ownership.
And I was literally there an hour.
And I was like, dude, I want to buy this business.
And we started talking about it.
And it was more complicated than I thought.
Everything was decentralized.
He said, come back in three weeks, I'll know
what I can sell you.
And I was on my way to India.
So I at least bought some Ethereum.
Good macro guys know, when you smell something,
at least put something on.
So I bought a bunch of Ethereum at $0.96,
which was hard to do.
And then I went away.
By the time I came back from traveling in
India, it was $4 bucks, $5 bucks the next
And I realized, Joe no longer needed my capital
because he owned a lot of Ethereum himself.
But it really sucked me in.
I was like, this is more than just financial.
This is going to be web 3.0.
And why it's got such vibrancy is that it's
a millennial and Gen Z-led revolution.
And this is their game in lots of ways.
And at its core, it's a distrust.
And it's also more of a utopian– they want
to build a more fair system.
And so it's cutting out the middleman in lots
of ways.
So if you look at the music, their version
of music is Ujo Music.
There's lots of different people trying to
disrupt the business.
It's connecting the artist to the consumer,
and cutting out the guy that takes 89-95%
of the money right now– you know, the fat
RP: Yeah, there's a whole social thing behind
It's not just about finance.
People don't see that.
MN: Well, what was unique about Satoshi's
Whitepaper– so the cryptography is really
They solved problems that computer scientists
have been working on solving for a long, long
And maybe that gets a Nobel Prize one day.
But more unique maybe is the token in the
Bitcoin ecosystem– bitcoin.
But the token has an incentive mechanism to
drive people in the same direction to create
a social network.
And so you have this kind of new economic
model in lots of ways, where we can create
an incentive structure to really quickly create
social networks.
And then it's an experiment.
RP: Because it is an incentivized social network
MN: That's exactly what it is.
And so it's, in some ways, if you got paid
a tiny bit to contribute to Wikipedia.
But Wikipedia worked even without the incentive
And so can communities nurture and grow businesses
or systems as well or better than individuals?
And that will be a real battle.
RP: It's a big experiment, right?
MN: It's a huge experiment.
RP: Because the libertarians will believe
that it's possible, you don't need anybody
controlling anything.
But you kind of look where Facebook has gone,
and you kind of think, well, I'm not sure.
MN: Well, so what's going to end up happening
is we're not going to go all one way or all
the other.
There's going to be some use cases where it
really works.
Like, centralization works pretty well in
lots of things.
But I did 23andMe where I licked thank stinkin'
stick seven years ago.
And now Esther Wojcicki owns my DNA data.
RP: And he's selling it now by the way to
MN: And so a while back, people owning your
data wasn't such a big deal.
So what they owned your data?
If the Chinese owned 95% of all spending data
eight years ago, they could never find it.
Because a billion people would have to find
But with AI, you've got this giant worm that
they plug in.
And it sucks all the blood out of your neck.
And next thing you know, your– so it's this
dystopian future when AI can plug into these
giant data silos.
And so if you think about all our DNA data–
23andMe has five million DNA genomes, and
Ancestry has 10 million.
Those are huge databases.
That gets scary.
Like, that shouldn't be given to one central
location that could get hacked or get sold.
That should be behind a blockchain where people
that contribute get paid something.
And the research organizations pay to use
that data.
And quite frankly, if everyone put their data
in, we'd have monster gains in medical treatment.
And so the idea of those databases isn't a
bad thing.
The idea of those databases not being private
is a really bad thing.
RP: Yeah.
Because the one thing that interests me–
kind of I'm mesmerized by– is Google, in
terms of so much data.
Nobody's ever owned that much data on that
many people in history.
Nobody knows how secure it is from cyber crime
or anything else.
And why should we give a monopolistic power
to something like Google— MN: We shouldn't
It was the flaw of the internet.
And I think people now are starting to recognize
that in lots of ways.
Lonnie– I can't remember his last name.
This year's Ted, the opening talk was this
guy Lonnie, whose name I can't remember.
He's this big, wonderfully thought of technologist.
And he gave this whole speech about, listen,
there was one mistake where people went with
the advertising model, which created these.
He was arguing they should go back and change.
But we have these unbelievable data silos.
And I think it's why it's created all the
We look at all the wealth of the internet
has gone into literally seven or eight companies.
RP: Yeah.
So Tim Berners-Lee is talking about something
like this now as well.
Have you seen that?
MN: I haven't seen his thing.
RP: So he's been talking about some way of
retooling a web 3.0 to get rid of this– the
fact that the data is owned by people.
Every time I see him talk about it, I just
think this has got blockchain written all
over it.
MN: That's the promise of the blockchain.
And that's literally the future of the blockchain.
RP: But most people don't get that.
Most people still think it was a financial
MN: And so it's interesting– the evolution
especially of big companies.
We have this index with Bloomberg, the Bloomberg
Galaxy Crypto Index, which we're proud of.
We think it's a wonderful addition to the
architecture of the space.
Our young guys and their young guys got all
It kind of moved up the food chain.
And it got stalled at the management committee
level, because older guys think, North Korea,
Silk Road, money laundering, Bitcoin.
And to their credit, with a little encouragement,
listen to the young guys.
Just listen.
Listen to the story.
And when they listened to the story, it got
Over I think it was one third of their terminals,
or something close to one of their terminals,
had asked for more information on crypto.
So there's this desire for people to understand
this thing.
And so here's a conservative media company–
one of the best in the financial market space,
if not the best– that thought about it, debated
it, listened to the story, and actually approved
And I'm seeing that at almost every big company
I visit.
Where a year ago, they were like, what, can
you explain this.
Now when I go there, they're asking really
pointed questions.
Sometimes, I'm just listening and taking notes.
And they're all much closer to implementation
of something.
RP: So what are they going to do?
I mean, we've seen Visa doing stuff.
IBM has started to do stuff.
People are looking at it.
What's your sense of the lie of the land and
where it's going?
MN: There are multiple fronts you got to look
So the one front for the financial markets
is, what's just the financial market architecture
that allows people to get comfortable with
So if you're running the state of Wisconsin
pension fund– I always pick on them because
they're always a forward-thinking pension
fund– what's going to get them in?
And so part of that is custody.
So ironically, it's a custody solution from
someone they trust.
RP: And the whole custody system needs to
go on this by the way.
MN: But it's happening.
I would bet you in the next week to three
months, you're going to see multiple announcements
of good custody solutions.
The custody systems that are there now are
fine, but they're not from companies that
people have heard of or trust.
And so you're going to see branded names come
into this business.
And I think that's going to kick prices to
the right.
And it's going to create adoption.
RP: Does that stop the investment opportunity
for others?
Because you're kind of hoping you're going
to find the new Google in this whole mix.
But in the end, the DTCC can use it for clearing
and everything else.
How do you make money out of this?
MN: If you think about how I actually look
at the market, I put Bitcoin in its own class.
It was the first mover.
It has developed a use case of store value
of digital gold.
It is clunky.
It's expensive.
It's going to remain expensive– to process,
It takes a lot of energy use.
And it will never process the million transactions
a second– I shouldn't say never.
It's less likely to process the million transactions
a second that are going to be needed to really
have the blockchain be the architecture in
web 3.0.
But people know it and like it.
And it feels like digital gold.
Why has gold got an $8 trillion market cap?
It sits in vaults and has negative carry.
Bitcoin at least will have positive carry
soon enough because you're going to have a
repo curve and everything else.
And so I think that's motoring along.
And it will be the first point of on-boarding
for institutions.
They'll buy Bitcoin.
It'll be in the first place that gets custodied.
So these custody solutions coming out will
start with Bitcoin.
The SEC has already said it's not a security.
It makes it very safe to custody.
And so I think you're going to have a surge.
This will be the fall of Bitcoin.
Bitcoin is going to outperform the rest of
the coins for a while.
The more interesting piece in the long run
is these 100 blockchain companies vying to
be one of a few of what I'll think is the
world's shared, decentralized supercomputer
that processes data and authenticates it.
That's what a blockchain is.
And so if you're Hashgraph, or Dfinity, or
Ethereum, or EOS, or NEO, or all these names
that people are investing in the token system
of, a few of those are going to win out.
The winners of those, the token values are
going to go far, far, far higher.
They're going to go higher for both store
of value, but also for use case.
The Ether token is a commodity.
It's buying gas to have processing power later
EOS, you're buying a slice of that processing
And so the winners of those are going to be
big winners.
It's hard to predict the winners of those,
They're open source.
They're collaborative.
There's a layer on top of those being built
now– these interoperability programs, things
like Cosmos, and Polkadot, and Aon.
So we've got a team of the computer science
guys that are trying to sort out how that's
going to play out.
The honest answer is, I don't actually know
And I'm not sure anybody does.
But so that's something to watch.
And then the third bucket are what they call
Dapps, or applications built on top of the
blockchains, where they go to individual verticals.
And those are interesting.
So there's one for decentralized gambling.
Not that there's one, there's five trying
to be the decentralized gambling slot.
My intuition– there will be one winner in
each of those verticals.
And it's too early to tell which one will—
RP: And there's a lot of verticals.
MN: There's a lot of verticals.
And so all of a sudden, you're in some ways
rebuilding a big portion of the web.
It's interesting.
RP: So let's talk about the cryptocurrency
side for a bit.
How are you approaching investing or trading
in this?
Because obviously, it's going to bring the
high frequency guys.
It's going to bring everybody into the space.
MN: They're all there.
So there is a huge arbitrage opportunity in
December of January.
I've never seen arb's like this.
And by March, it was gone.
It was gone because Hudson River Trading,
and Susquehanna, and Jane Street, and all
the big names with the smart guys were like,
we could figure this out.
And they did.
Not just those three– the crypto people,
the Asians, the Chinese are all over this.
RP: And what was that arb?
MN: It was an arb, that you could at times
buy Bitcoin on one exchange at one price and
another at another price.
There was so much water being pushed through
small pipes.
Coinbase, and Gemini, and all the US exchanges
were trying their hardest to process new applications
and to KYC them.
And they just couldn't do it fast enough.
And so prices were all over the place.
And there was this kind of retail chaos.
I actually sold a lot of stuff at that time
because I was like, OK, this is what tops
look like– just people climbing on top of
each other to buy things.
And that bubble popped.
The retail bubble popped when we hit 20,000
in Bitcoin and 1,400 in Ethereum.
It's taken six to nine months to kind of deflate
that retail bubble.
There's still a ceiling of retail sellers
above the market.
And the coins have been in a sluggish bear
market since January.
The alt coins have gotten destroyed– down
70-80-90% some of them.
And so you might think, eh, we're now in a
bear market.
What you're missing if you think that is all
the underlying movement is so bullish.
And so how are institutions making their first
They're doing an adventure.
And so Andreesen just announced a $300 million
Funds like Polychain– Pantera just raised
80 million more for their next venture fund.
And they'll probably do another 80 on top
of it.
So when you look at the private market, it's
bid, bid, bid.
We're fighting to get into the best deals.
There are new players in it, right?
Binance and WoB– companies you probably haven't
even heard of have huge war chests because
they were the exchanges overseas.
Coinbase has a war chest.
ConsenSys has a war chest.
Block.one one has a war chest.
There are five or six players just in the
crypto space that have monster war chests,
let alone all the venture guys.
And so when Telegram wanted to raise money,
they raised $1.8 million like that in a bear
ICO's I think I read in the first half of
the year were 45% of total volume IPO's.
And so if Wall Street isn't paying attention—
RP: I think people are spinning to catch up.
MN: Yes.
RP: It's moving so fast.
MN: And so it's a bull market in privates.
It's a bull market of talent coming into the
If you look at my analyst class, you'll be
like, whoa.
It's a better analyst class than you had when
you were running a $10 billion macro fund
at Fortress.
It is.
Like, the quality of talent coming in.
RP: You attract some great minds.
MN: And so the computer science talent, the
entrepreneurial talent, the sales and trading
talent is all moving in.
And if you look at the amount of people being
hired, it's a graph that goes straight like
And so you've got a bull market in talent.
You've got a bull market in privates.
I get asked to speak five days a week.
And when I look at the quality of the places,
there's a bull market in speaking engagements
and conferences.
And so I check all the boxes.
And we're making progress on the computer
We're making progress on the economics.
And we're making progress on the institutional
And so if I didn't see the prices of the coins,
I'd be like, this is a raging bull.
It's going to take a while for the coins to
burn off that bubble.
And it's not going to really see the acceleration
until you see the institutions coming in.
And they're just starting.
RP: But what happens if you go through a bust
in the VC side?
Because it's attracted more money than almost
anything else.
MN: It will.
RP: And it's got to go through that bust side.
We've seen it all, right?
MN: We're too early to call the bust, because
we're just in the ramp up here.
That's four years out.
RP: Because it kind of feels to me, if I look
at how– we saw it in the internet back in
2000 or we saw it in the PC day.
They do the same thing– the whole space moves
massively; it all goes bust; the capital leaves;
then out of those ashes, comes the real move.
MN: Sure.
I think there will be some of that– unaccelerated
It's just things are moving so much faster.
The dot.com was a US-led phenomenon.
It was broadly only US.
This is global.
I was just in Korea and had a fascinating
conversation with a CEO of one of the big
Chaebol groups where they were looking at
doing a Korean blockchain and then building
apps on top of it.
And I was like, why would you have a monopoly
in what you do?
And he was like, because I'm worried in three
to four years, all the musicians are going
to want to be in a decentralized system, the
taxi drivers are going to want to be in a
decentralized system.
He says, I think all my users are going to
go, therefore I want to own part of it– so
in essence, hedging against his own business.
That's way ahead of where the US CEOs are,
at least in my experience with them.
Uber is worried about Lyft, and about regulation,
and about culture of their company, not about
the decentralized version.
The Korean CEO was worried about the decentralized
And so this is a global thing which is going
to move at different speeds in different places.
And then when you see one group doing it,
the other group catches on.
And so I can see these cycles happening much
faster than they did in, say, the internet.
RP: I know we don't want to say this, but
it's different this time.
I kind of agree.
it seems to be heightened cycles.
MN: Well, it is, and it isn't.
People ask me, like, how did you sell, why
were you selling this.
Because the laws of physics still hold.
When things get crazy— RP: The investment
framework that we grew up with still works
in this world.
MN: The investment that we grew up with was
the investment framework that's lasted for
2000 years.
RP: It's human nature.
MN: That's not going to change.
And so one of our core principles is discipline
If you buy something and it gets to really
stupid prices, sell it.
Don't regret it if it goes a little higher.
RP: This is another side question.
How the hell do you deal with the volatility?
Because you've got this multi-pronged approach.
We're coming to what you guys are doing.
But it's bloody hard, right?
Because it's not the world that we're used
MN: You drink a lot.
No, no, no.
RP: Yeah, and you don't sleep.
MN: You know what, you size your positions
You've done this long enough.
If you're dealing with a 100-vol instrument
relative to a 10-vol instrument, you have
a smaller position.
When you have a small position and it's going
up, you take profits along the way to keep
your overall vol balanced.
But we run at a much higher vol than I would
have run a non-crypto investment bank.
RP: Well, that's because the risk-reward is
Because if you got a higher pay out, you can
run a higher vol.
MN: Well, that's true as well as the employees
that are coming into this space, the investors
that are coming into this space are coming
in with a knowledge of higher vol.
And so you're not taking investor money and
them wanting you to run it at a 4-vol.
RP: Thank god.
That was the death of the hedge fund industry,
MN: People are coming in because they want
to take advantage of the opportunity of a
new emerging market.
And so you've got to kind of almost think
like this is investing in emerging markets
15-20 years ago.
RP: And so do you think it's a traders market,
or it's a buy and hold market, or somewhere
in the middle, or it's buy and hold and trade
around the edges?
MN: I bought this piece of art that says HODL,
because I laugh at– it's hold on for dear
And it's a meme in the crypto space.
And I'm not a HODL-er.
And so I thought it was kind of cheeky to
buy it.
When I buy something that I think gets way
overvalued– and you have to understand what
overvalued is, it's relative to other stuff–
I sell it.
There are some things that are core holdings.
But I can shave those a whole lot.
So I trade around a very bullish macro idea.
We are long as a company.
RP: Sure.
By definition.
MN: By definition.
We have 70-odd people.
And so we're long in the space.
But I think you still have to be a disciplined
RP: Because I tried to do it in the ag market.
I started with Magnus, a mutual friend of
ours, an ag fund back in 2007.
Ag's had just stated taking off– a brilliant
And then we had to learn about agricultural
And fuck, we walked away quickly thinking,
this is not that easy.
MN: Yeah.
Listen, when— RP: You try to run long bias,
but it's very difficult.
MN: And you have to sell at times.
When you make a whole lot of money in something,
you have to take some chips off the table.
Because inevitably, things don't go one direction
RP: And so how do people look between the
various cryptos?
We'll still talk about cryptos and move onto
other stuff in a second.
They're looking at this whole base of cryptos.
How do they know which to invest in?
Because people are just kind of now punting
in the lowest– well, they were– in the bubble,
punting at the lowest prized crypto.
MN: I think last year's mania was a one-off
mania that's not coming back.
So if you're coming into the space thinking
you're going to re-get 2017, you're crazy.
It wasn't.
It was a retail mania that caught fire, lasted
for about four months, and was done.
And part of the reason it was done was the
regulators said, stop.
A regulator's job is to protect the little
And the regulators were behind the curve.
And the little guy was getting battered.
It was getting battered in China, in Korea,
in Japan, in the US.
And so global regulators said, stop.
Let's get a hold of things.
And on a go-forward basis– listen, the crowd-sourcing
part of this is going to exist, but it's going
to exist under different frameworks.
You're going to have broker dealers that are
raising the capital for most of the new ICO's
under some regulatory framework.
You're going to have better projects, I think,
that rise to be able to get capital raised.
And I don't think you're going to have this,
you invest, and a week later it's 100x.
You're like – . And so the crypto community
is going to shift, right?
As we move to security tokens, you securitize
a bunch of real estate, or tokenize a bunch
of real estate.
A great real estate investment might do 15%
a year, 20% a year, right?
No crypto guys last year were buying token
x at 5 hoping it would go to 6.
They were buying it at 5, hoping it would
go to 50.
And so there's going to be a mindset shift
and new buyers coming into the market.
Institutions are going to come into the market
with a much more sober approach.
RP: Because I kind of look at the ICO market
and look at– it was a complete mess to start
But what's in that mess is super interesting
of where this is potentially going to go.
And there's a whole new way of doing things.
It's kind of the mix between IPO's plus crowd-funding
plus decentralization.
And all this stuff is in there.
MN: And it's coming.
RP: How do you think that all plays out?
MN: Well, it's coming.
Part of what we're doing is building an investment
bank to be able to— RP: Yeah, that's what
I wanted to ask you about— MN: –to be able
to be a participant in that.
And I think there's a couple of years of runway
before the big boys join the foray.
But let me tell you, if you're a CEO of an
exchange and you read that BitFenix made $300
million on $320 of revenue, and that Binance
made $400 million over the same five-month
period, and that Coinbase made $1 billion
in the last quarter of last year, do you think
you're running– whatever exchange you pick,
you're going to be like, ah, let them have
that business.
I'll just sit here my old— No.
These guys are on the move.
When the investment banks say, oh shit, the
ICO market is half of the IPO market, don't
think not every single one of those banks
is figuring out how they can think about transitioning
and following this.
RP: Kind of that utopian dream that we started
the conversation with– I mean, I've said
this from day one.
I've said, the people who are going to control
this is likely the banks plus a couple of
new entrants.
Because we know the corporate guys, all these
guys are smart.
They're not going to— MN: There is going
to be a lot of top-down projects that are
coming out in the next 24 months.
And there's going to be some angst in the
community of saying, they're stealing the
You know, the truth is somewhere in between.
There are still going to be a lot of decentralized
They are going to be– and quite frankly,
a lot of the older players will be bridges
to get the capital in, right?
You don't change the world on $400 billion
of market cap.
You don't.
And for the blockchain revolution, for this
crypto revolution to kind of fulfill its dream,
to fulfill its mission, it's going to need
a lot more capital from a lot more constituents.
And so you need institutional money.
And so there's going to be some compromise.
And you're right– a lot of the big players
are going to say, my mission is to be an exchange,
to be in the middle of things.
And I know how to do it really well.
And I know how to do it and protect the security
and protect the little guy.
And so they're coming in.
And I think a lot of the crypto companies–
one of my bets would be that a lot of the
crypto custody companies end up getting bought,
because traditional custody company ABC, who
is trusted, feels like they're behind the
And so you're going to see a collision of
the two worlds real fast.
RP: And what about government?
That's another part.
I mean, because they're looking at it too.
MN: So governments are interesting in that
part of them were the regulators– listen,
they were behind the curve.
And they were behind the curve because regulators
come from the institutions that we all grew
up at, right?
Jay Clayton worked at Sullivan Cromwell, right?
I remember I was on the Fed Markets Committee.
And at the end of a lot of meetings, Bill
Dudley would say, well, what should we be
worried about, where are the bubbles.
So he was asking his peers– the guys from
private equity and hedge funds.
He wasn't asking Joe Q Retail.
98% of crypto was Joe Q Retail.
It was Mr. and Mrs. Watanabe, and Mr. and
Mrs. Smith, and Mr. and Mrs. Kim.
So they were behind.
So they're catching up fast.
I was in Japan recently.
And one of my old partners, Oki Matsumoto–
Monex has just bought one of the exchange
that got hacked.
And he's been spieling a lot of time with
the FSA.
Let me tell you, in the last four months,
they went from a high school education to
PhD summa cum laude.
Like, they have come up the curve, their regulators.
And I think you're seeing that around the
world– regulators racing to get up the curve.
And so we're going to have a more clear regulatory
The Winklevoss ETF just got rejected.
If you read it, the regulators are going from,
well, this is what was wrong– they're narrowing
their frame.
And there's an inevitability that there will
be a Bitcoin ETF at one point.
You just follow the first rejection to the
second rejection, the dissenting opinion.
And so the scope is moving in the right direction.
And so one, I think there's an inevitability,
even in China.
In some ways, this is an anathema, right?
You've got President Xi, who has given himself
multi-terms, or at least the ability of multiterms.
So he wants to go to Emperor Xi.
They've got a centralized clearinghouse for
all financial data.
They've got cameras on street corners called
Skynet that facially recognize everybody.
Like, it's kind of a dystopian, totalitarian
The blockchain is a complete fight to that.
All their regional governments are giving
money to blockchain projects– all of them.
There's a ton– and so you would think, well,
how does those two things jive?
A, they don't.
But there is a sense of inevitability that
the government says, well, it's going to happen
anyway, we better understand it and be part
of it.
RP: But do you not think governments adopt
this technology to keep control of it?
I look at Aadhaar in India and all of that
kind– the digital monetization of India.
It's like, OK, it's not a blockchain, but
it's obviously – MN: So you've got to be
little careful.
So there's two rivers that are running side
by side.
And we can conflate them when they don't need
to be conflated.
One is digitalization.
That's happening.
And one is blockchain.
The difference is the centralization and decentralization
piece, right?
You can control the whole– China, in some
ways, if you really wanted a totalitarian
regime where you knew everything about everyone,
you would just do what they are doing– have
the whole thing centralized.
And you'd plug your little AI machine into
And they would know you're a dissident before
you knew you were a dissident.
And so the blockchain itself actually makes
that more difficult.
It allows a privacy layer for you to be able
to allow what data you want out.
So it's like that identity on the blockchain–
your selfsovereign electronic identity is
really the killer app.
If that gets implemented or not will be a
huge— RP: Well, because one of my thoughts
is that the backlash against populism is something
Populism is a lot of colluding putting people
together again.
But really, part of it is this decentralization.
What happens if a government was to choose
and say, OK, all of your data now cannot be
bucketed in certain places and could be put
in a blockchain?
I think there's not the kind of government-controlled
blockchain idea, but there's a way that they
would create an infrastructure to allow non-control
of some of your key elements.
MN: Yeah.
You're merging to the same thing.
Listen, you could have legislative edict that
says, Facebook, you're not allowed to save
anything for more than 24 days.
The legislators can try to get involved.
The blockchain is a much more elegant solution
to those things.
Listen, if you're Mark Zuckerberg at Facebook
and you know the whole world is turning on
you for privacy, for you having blown the
data to Cambridge Analytica, and privacy,
and we all got those things– oh, my god,
I didn't realize every photo I ever took,
they still have.
And so there was this little backlash.
You've got to think he's figuring, well, how
do I counter that.
So they're, I'm sure, looking at their own
solutions, which probably have blockchain
pieces to it.
RP: Yeah, that was a question I wanted to
ask you.
In your travels around the world, conversations
with people, what is Silicon Valley doing
about this– the existing Silicon Valley,
not the new disruptors, but the big firms?
MN: What I would tell you is that most of
Sand Hill Road missed kind of the first chapter.
And they are completely geared up.
The locust of the best deals in innovation
is moving right back to Silicon Valley.
And so we're going to get a guy, and hire
him real quick, and put him out there.
But there's grand energy going around the
new projects out there.
And so every venture group has redone their
docs to allow them to participate in blockchain
and to own coins.
And so there's money pouring into it.
The big legacy companies, I'm not as sure
of yet.
They've been a little more private.
But they've announced that they're all looking
into it.
RP: Yeah.
I'd just be super interested in what they
would do, right?
Given the set of problems that they've obviously
got right now, the solution is right here.
If Facebook decides to tokenize, OK, that's
a whole different chapter in this whole story,
MN: It's hard for those guys.
Even after this sell off, Facebook's got a
$500 billion market cap.
Like, OK, I'm going to change my whole business
model– no, I'm not.
No, I'm not.
I'm just going to tweak it.
RP: Yeah.
No, that's true.
So when you're looking at the whole thing,
you're now trying to build up a firm that
kind of acts as an investment bank.
How does that look and feel?
Because it kind of makes sense because there's
very short on expertise still in the area.
So if you can kind of accumulate it in one
place, you've got some value there.
MN: The idea is to try to– how do you go
from a family office to a business?
Like, your family office, you can hire a couple
of really smart people that work for you,
and they like working for you, and you develop
a relationship.
To build a firm, it's got to be beyond a family
And so hey, we called it Galaxy.
And it was like, how do you recruit some of
the best and smartest guys around here?
And I always tell, their job is to make us
all smarter, right?
For us to be effective in the client business,
we need to understand this really well.
I can't get on stage and not know what I'm
talking about.
First of all, it's one of the most unique
industries, in that the young guys often know
more than the old guys.
Go to Wall Street, and at any job I had, I
could tell the guy below me how to do it.
And here, I'm always asking my 24-year-old
about, come explain this to me.
Give me one more time what a 51% attack is.
And for a guy like you, on the ninth time
I explain a 51% attack, you'll get it.
And so it's really an interesting challenge
in management and creating a culture where
the young voices are heard and respected,
and that you also have to encourage young
guys to realize, those old guys have some
wisdom too, that businesses just don't get
all built by you thinking you're so smart.
And so it's a more collaborative culture than
you would have at most Wall Street firms.
And we're still working on that.
It's a challenge.
But in the long run, what do investment banks
They help raise capital for people.
They provide liquidity in a trading business.
We have an asset management arm.
And we directly invest.
We're not going to be able to raise capital
for anyone who we don't invest in.
And so the merchant bank title is real.
I can't say, hey, I've got a great blockchain,
I'm not investing, but you should.
RP: Yeah, that doesn't work.
MN: It doesn't work.
Maybe in five years that will work, because
you could say, hey, they're separate businesses,
Chinese walls, and what not, but not in the
early stage.
RP: My guess is there is a lot of money to
be made out of the advisory business.
MN: It will be.
RP: everybody is looking at this.
Nobody knows what to do.
And everyone has got to get themselves up
that smart curve, because we're all still
dumb and we're all trying to learn, OK, what
the hell is going on here.
MN: That's a bet I have.
We'll see.
Anyone who's building infrastructure in this
arena is making the bet that the institutions
are all coming.
I'm positive they are.
It's not even a guess for me.
I could be wrong on timing of when.
But I know I'm right on direction.
But that's the bet, that we're in early innings
of this revolution.
This is a third grader.
And in four years, it'll be a college grad.
And in six years, it'll be a PhD.
And at that point, you'll really start sensing
how the consumer apps are changing the way
we function.
RP: So how long is it before we get from this,
which is all promise– we've had a few bits
of reality within it, mainly me promise.
How do we get from here to actuality, where
people go, OK, I get it now, this is an application
I use on my phone or business?
MN: So there are going to be some use cases
sooner than you think where you can use Bitcoin
to buy stuff.
That's not Bitcoin's real promise in the long
run anyway.
RP: No, it's not transactional currency.
MN: Right.
But there will be some of those that will
get people hiked up.
They are proof of concepts.
Some of the early ICO's are now putting out
their first proof of concept.
So Augur, which is a prediction market– me
and you want to bet that it rains on Wednesday.
We can create our own smart contract on Augur,
And if it rains on Wednesday, I instantly
get the money we've escrowed.
You can start playing with it now, but you
kind of have to be a coder to play with it.
In a year, you'll have better user interface,
user experience.
And people will start coming.
RP: And it seems like the argument keeps going–
it's like, next year, it will— MN: No.
But let's be patient.
The blockchains themselves aren't nearly fast
enough for anything industrial.
And the Ethereum blockchain is one to four
years away.
They have a thing called sidechains– so Plasma
or estate channels– where you can process
lots of information and then bring it back
to the blockchain.
Those things will be ready earlier.
But the real property centralized vision for
Ethereum, which is I think probably called
sharding, it's three to four years out.
RP: So the infrastructure has not been built?
MN: The infrastructure has not been built
for the revolution to show up.
But remember, markets get way ahead.
We were investing big in the internet in 99.
You couldn't watch a movie on your phone until
In 2003— Right?
This thing sucks.
I mean, we all know they're buffering, what
the fuck buffering is, right?
RP: That's right.
MN: And so if the markets get way ahead.
And just as there was this crazy FOMO bubble
in retail, institutions are going to get in.
And then they're going to push.
And they're going to get ahead of value.
And then you are going to have corrections.
But what I keep watching is the progress of
the computer science, the progress of the
economic models, and the progress of the infrastructure.
And they're all heading in the right direction.
RP: So how does this dovetail into the business
Does exist in its own right?
Because look, we're very late-cycle right
It's the second longest expansion in all of
economic history.
The probability you and I would know is that—MN:
So in some ways, a financial market disaster
would be good for adoption here, because there's
no crossovers.
None of the blockchain people have huge stock
portfolios– well, maybe I do, but most of
them don't.
The core buyers are in retail.
It was their revolution.
In five years, the asset classes will be correlated.
RP: Because they all are.
MN: They all are, right?
You own stocks.
You're losing money.
You better sell something you have money in.
This is the mindset.
And so I think there's a window where you've
got real uncorrelated asset classes.
There's enough capital coming into this space
right now that there is more capital than
you can bring in and innovative talent.
There's a shortage of coders.
There's a shortage of project engineers.
You'll get them as they're coming out of every
And Comp Sci is now the number one major at
Princeton was a liberal arts organization.
When I went there, it was a tiny major, right?
We're training and building more computer
scientists and engineers every day.
And they're getting sucked into the space.
But if there's a financial hit, I don't think
that pipeline slows down.
RP: In all great macro thesis, we've always
got to look at what the risk is that we're
What is the risk that you think that you aer
wrong, that you could be wrong?
These are all probabilities.
MN: So right now, I would say half the activity
in the space is enterprise– private blockchains,
let's figure out how to do a supply chain
amongst the people that use it– and half
are open-source, public blockchain stuff.
Both are interesting.
Both are important.
It's easier for people to want to shift.
I like blockchain, and I don't like Bitcoin–
you've heard that 1,000 times.
And so from a business perspective, that's
a harder business to monetize than the trading,
the coins, the ICO's, the public stuff.
And so that would make it harder.
There are two kind of existential risks.
One is G20 one day wakes up and changes their
mind on everything.
I think it's a low, low probability.
But we've got a pretty volatile president.
And he lands on his shoulder and yells in
his ear.
Who knows?
So there's still a small risk that the regulatory
guys get really anti.
I think it's very small.
We're still early enough that a major, major
hack– we've had hacks– $500 million here–
but a major hack in one of the now trusted
organizations could also set us back some.
But I don't think— RP: And that's a setback,
It's not a real– MN: I don't think there's
a risk that in 10 years time, blockchain technology,
decentralized systems are not in far more
used than they are today.
RP: But one of the risks that I would see
is cloud computing.
It goes to zero value because everybody can
set up a blockchain.
It's easy.
So they all go to zero value, except one or
two applications that win.
So when you look at a broad spread of bets,
right– and that's how you can look at it
right now– the fact is that a large swath
of them might do nothing.
MN: Oh, 100% agree with you.
There's 100 blockchains.
And I don't see a future for more than four
or five of them.
RP: No, that's right.
Maybe this is just a risk– that the probability
of getting those kind of 20x-50x winners is
actually lower than we think because the whole
playing field is level.
Yeah, it's just cloud computing I look at–
you could just keeps scaling this down.
MN: What I think– I keep telling people–
it's not normal to make 20x returns.
It was funny.
I had an— RP: Well, I'm talking over a five
or 10-year period.
not in every case.
So I think that fast, crazy return thing is
RP: Yeah, that's fair.
MN: And I do think you're going to have to
be smart and agile to be in the right projects.
We set up an index that re-balances monthly
as opposed to quarterly.
Because we're like, hey, we want to catch
the cool projects going in and push out the
ones going out.
Because if you want to be the S&P 500 for
the space, you've got to capture the bulk
of the whole macro move up.
And you're not, quite frankly, sure what's
going to be in that index in five years.
RP: Yeah, it moves fast.
So when you're looking at the landscape, who's
making the really big bet?
Who do you look at this and go, wow, OK, they're
really going after something enormous?
Because it's easy to go after audits or something
like that.
And there's tons of these use cases.
Do you see anybody going after something that
you think, bloody hell, that's really ambitious?
MN: Well, yeah.
I mean, the blockchains themselves really
are– I mean, if you want to think about what
EOS is, it's trying to become the cloud in
some ways.
And so Microsoft is 65% of all cloud I think,
or something close to that– I'm sorry, Amazon
is 65% of all cloud.
The rest the guys share the other 35.
This decentralized global supercomputer that
can process data will feel a lot like the
cloud if it gets as big as it could get.
And so those are big bets.
I mean, I think that underlying infrastructure
that replaces it is really the big bet.
And then it's each vertical.
And no one is putting huge money into them
yet because they were crowd-sourced decent
amounts of money.
That rose with the speculative frenzy.
And so these companies like FunFair, who was
going after online gambling, raised the Ether.
Ether went up.
Have a bunch of money.
They got plenty of money to build out their
And so it's not the giant financial disruptive
It's the bet he raised money on.
And it's plenty to build out the ecosystem.
You're going to see some announcements soon
from big legacy companies that are making
much bigger bets with bigger capital.
And in some of this, we'll look back, and
we'll like, eh, it just made the world more
The blockchain— RP: You just won't see it
half of the time.
MN: You won't see it.
It will be the back of the TV.
Like, you'll really notice if your bank fired
60% of their staff and you get x percent better
returns on your deposits.
And no one notices that stuff other than the
guys that get fired.
And so in some ways, this is a job destroyer.
And in some ways, it's going to create lots
of new jobs.
The other thing I'd say, one of the interesting
worlds that this is going to explode in is
the virtual world.
RP: Yeah, virtual real estate and all of this
kind of stuff.
MN: We've made two investments in companies
that are playing that.
I was with my brother-inlaw this weekend,
who is a big futurist and a big thinker.
And he was like, there's an argument that
in 10 years, 15 years, a lot of people's energy
is going to be spent in the virtual world.
They're going to have virtual jobs.
You're a virtual gardener selling your fake
tomatoes to someone for– and my mom was like,
are you guys out of your minds.
And you look at something like Second Life.
And we invested in the company called High
Fidelity, which is the newer version of Second
Life, which is creating a virtual world for
people to live in.
There's one called the Decentraland.
I think High Fidelity is going to dominate
that space because of the CEO and because
of the technology.
But it's a world.
I mean, last night, I could hear my son talking
to someone.
And I was like, who is he talking to, I wondered.
And, of course, he's playing Fortnite.
And he's talking to his friends.
And they have their group of five.
And they won seven out of like whatever games.
They were up all night long Fortnite-ing it.
Fortnite now makes $320 million a month.
It's a free game.
Well, how do they make the money?
They're selling skins, virtual clothing, and
So listen, you got a fancy watch.
You've got an expensive shirt.
You probably have hair cream.
Your wife wears makeup.
We get tattoos.
We've had skins from time immemorial.
Cleopatra had the cool eyebrows.
RP: Yeah, it's not different.
That's right.
MN: They're just having digital skins for
their avatars.
It is a monster market.
RP: Somebody was talking about digital real
estate as well.
So if you have a digital world, in which case
you can own the digital buildings– I mean,
I don't get it.
But clearly, other people do.
MN: You also wouldn't spend $60,000 for a
fancy digital jacket, but people do– $60,000
US for a jacket, swords, helmets It's a $30
billion-a-year market trading digital upskins.
So we invested in a company called WAX that
is vying to be the decentralized marketplace
for those things.
So if I want to sell my digital sword to somebody
in Bangladesh, WAX will be the exchange we
sell it on.
And they'll take a fee.
RP: I mean, I get it.
I mean, it makes sense in the end.
There's no difference between our digital
lives and— MN: E-sports will be bigger than
real sports in four or five years.
And in some ways, they are.
RP: I think they have stadiums already.
MN: Yeah.
I was just in Korea.
They have a whole culture around their games.
RP: Yeah.
The whole digital space is super interesting.
And again, it's just something that's all
So going back to kind of the investment world
now, you've set up a– well, you're still
in the process of setting up a business that
allows you to partake in all the verticals
that are available to allow you to kind of
have a diverse portfolio of bets.
So when different things are in different
parts of the cycle, you can benefit from those,
et cetera.
How does the average guy look at this space–
or the more sophisticated investor guy, but
not the guy who can build a firm? it's not
MN: So one of the reasons we did this Galaxy
Index was, you know what, don't pay a hedge
fund 3 and 30 to buy beta.
Here's an index.
Bloomberg runs it.
It's their index we just helped with the idea.
But it's clean data run by a trusted financial
– RP: What is the index?
Explain what's in there.
MN: the top 12 cryptos.
And it throws out stable coins, because they're
supposed to be stable.
And they have their own screening process
based on the liquidity and what exchanges
they trade on.
And so that's a great beta product for the
passive investor.
It's manage and fee no promote.
And it gets you along the market.
There are lots of other indexes out there
as well.
RP: It's tradeable.
So who makes a market in this thing?
MN: So it's run like a fund.
It's got quarterly liquidity.
There are others that trade on– there's an
ETN that trades on just Bitcoin that trades
in Sweden.
Barry Silbert's got his thing that trades–
I don't get it because it trades at a huge
premium to Bitcoin.
I would be very careful about investing in
But there's more and more public market access
RP: So do you think it's still the crypto
themselves, or are people going to start doing
the same thing with funds of ICO's and giving
people some sort of smart way of curating
what the right thing is?
MN: I think it's a mix.
And so listen, there's tons of money going
into the venture space.
There are lots of projects being funded.
And so I'm sure, if you're running a portfolio,
you're going to put something in venture,
just like we have.
But I think you would be remiss not to also
put something in coins.
And so I think sophisticated investors are
going to have a little of both.
RP: And just to finish up is, in terms of
where we are in Bitcoin and the main cryptos–
Ether and stuff like that– where are we now?
Obviously, we had the post-bubble typical
Its basing.
Is it basing another leg down?
MN: I think we bottomed in the Bitcoin.
And we're about to see a Bitcoin fall.
Bitcoin has outperformed in the last two weeks
a lot.
I think it's going to continue to outperform.
Because I see the first couple of big institutional
projects coming.
And they're going to be Bitcoin-focused.
And so I think it's going to recapture the
And then the others will catch up.
But I think the worst of the bear market is
over of that correction.
The others are going to go sideways for a
And Bitcoin is going to kind of pull the whole
space up.
RP: the spread between Bitcoin and a basket
of others is kind of a way of looking at it?
MN: One way of playing that.
RP: Yeah.
Well, thank you.
There's a lot going on.
And I really appreciate your time.
MN: Good stuff.
RP: As ever, Novo's understanding of this
space and his enthusiasm in it all really
helped me understand a bit more of what's
going on.
This thing is moving so fast in so many ways,
it's almost impossible to catch up.
And again, to apply that broad framework helps
us really understand.
There were some new things in that for me
really talking about the whole virtual real
estate space and how that's developing; and
a number of the things that are developing
within the blockchain world and who's doing
what; and where this may go to; and how society
as a whole is viewing this; and how this is
empowering the small guy, and not just the
big banks and all the other big financial
players, although they're involved too.
It's kind of a leveling of the playing field,
which I found interesting.
I thought there were some short-term trading
opportunities and investment opportunities
looking at what Novo thinks is coming out
of a launch or adoption of Bitcoin ahead of
the other cryptos for the time being.
So that's something interesting to look at.
But I think really out of all of that, I just
got back to understanding how big this really
is and how much this may well change the world
around us, not over the next two or three
years, but the next 10 years and 20 years.
And it seems that Novo is well-positioned
by being able to take advantage of a number
of these verticals, which I think is one of
the key things.
It's very difficult to place an exact bets
on what thing is going to win.
You actually need to be pretty diverse in
this whole thing.
So it's not a make-money-fast situation any
It's probably to intelligently invest, do
some homework, and have some broad bets across
the entire playing field.

subset: commoncrawl


text:
By Gary Hulecki, Executive Vice President, MTD Micro Molding
There are many types of challenges that can cause a high precision micro medical molding project to fail including delays in validation, achieving multi-cavity capabilities, and product launch issues. This case study presents a customer that encountered all of these challenges at once, and looked to MTD Micro Molding to complete the product validation and pre-production runs that a competitor could not complete for them. Download the case study for the full story.


text:
australian television information archive
Blue Water High: articles
Sun Surf and Sand for Teen Viewers
This month ABC Television premieres Blue Water High, a new teenage drama co-produced by the ABC, Southern Star Entertainment and the German company Norddeutscher Rundfunk.
Although Blue Water High is designed for young teens — a slightly older audience than the one targeted by hugely successful Saddle Club — the concept and look of the program will doubtless find fans among some younger viewers.
The drama centres on seven 15 year-old surfers who have been selected from around Australia and overseas for an intensive 12-month residential school program at Blue Water High. At the beachside school they join other pupils in a normal year's academic work as well as receiving special coaching in surfing. At the end of the year two of the seven will qualify to surf the pro-circuit and win a three-year sponsorship contract.
The idea of a group of teens in a world of long sunny days, beautiful beaches and clear water is so obviously a drawcard for young viewers in Australia and overseas it is a wonder such a series has not been made before. Claire Henderson, Head of Childrens for ABCTV agrees and explains, 'I have received many proposals for surfing stories but this one immediately clicked. It has a good script and wonderful characters — who just happen to go surfing. There are great stories with substance that the kids can relate to. They are everyday stories of growing up and dealing with peers and authority. The series doesn't take itself too seriously, it's not a disaster a minute, there's lots of humour.'
Claire stresses that like adult drama, the script is all important. 'We are using experienced writers of adult drama — that's what you need first and foremost. Noel Price [Executive Producer for Southern Star] and I have the experience with children's television to guide the writers when it is necessary.'
Claire dismisses those who suggest that 21st century youngsters are not looking for drama programs on television. 'If kids can relate to a drama they will come — if a drama does click with them they are the most faithful audience you can have.'
At the annual international television market MIP, held in France last month, the series was bought by France, Belgium and South Africa and further international sales are anticipated in the coming weeks.
The 26 part series will screen weekly from 11 May at 5.30pm on Wednesdays.
Inside the ABC
Australian Television Information Archive <www.australiantelevision.net>
Website, original content and design © 1998-2019 T. Zuk, All Rights Reserved


text:
A well thought out towel and linen reuse programme is essential for hotels of any size – from small B&Bs to large, international hotel chains. Programmes like this give your guests the opportunity to play a role in the hotel's sustainability efforts, choosing to forego daily linen changes or towel exchanges in favour of a more environmentally sound schedule of reuse and intermittent laundering.
At Stalbridge Linen Services, it's important to us that our services are as flexible and accommodating as possible. Here are five ways we work to ensure that's the case.
©2017 Johnsons Stalbridge Linen Services. All rights reserved.
Cookie Policy | Privacy Policy | Corporate and Social Responsibility | Contact | Sitemap
Company Registration Number 464645
Johnsons Apparelmaster Ltd, Pittman Way, Fulwood, Preston, PR2 9ZD


text:
Nice Work
How to Make Money Blogging in 2017 (Free WordPress Beginner Guide)
Have you recently started your blog or looking to make money with your blog? If you haven't started a blog yet, then check out the following link How to Start a Blog to create one. This blog post is a simple yet effective guide on how you can start making money through blogging. Guess what? The procedure just takes 20 minutes.
Blogging is one of the best ways to spread information online. It is an excellent way to share your knowledge, opinions, creativity, ideas, express yourself, and undoubtedly also make money through it.
Simple Procedure to Make Money Blogging
If you are a beginner or have been already blogging for a while and now looking for monetary benefits, following are some basic steps to make money with a blog:
- Set up a blog
- Create useful content
- Connect with the people
- Build strong relationsh
- Choose the income stream
1. Set Up a Blog
Before you understand how to make money with a blog, the first step is to have a blog. If you don't have a blog and worrying how to start, then put your worries at ease. You can check out my post How to Start a Blog which contains simple steps and instructions to set up your blog and get started.
There is also a way to make money without a blog or website, which I will share shortly in another post. All you need to do is stay tuned by subscribing. Just click on subscribe me now.
2. Create your passionate content
Create the content you are interested or passionate about. You can share your experiences, ideas, opinions, creativity, and expertise. Sharing ideas that are informative, real and authentic will attract people instantly.
Your blog is all about what you like. A successful blogger is one who is passionate about what he blogs. If you love cooking then create a blog on cooking. If you are passionate about hobbies like swimming, running, singing or any sports then create a blog of your interest. There are so many platforms and ideas through which you can showcase your thoughts.
"Blogging is not a one-way job. It is a give and take relationship."
Staying focused and consistent makes you a successful blogger. Always be regular with your blog post and keep them updated on a consistent basis. Every blogger has some habits that makes him or her successful.
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This is a key point to remember to be successful and earn a smart income. If you want to make money through your blog, you should not only focus building great content but also find ways to promote your blog online.
Find the right people online and connect with them through social media. Join forums, discussions, and make comments on their blog. On forums you could also provide your blog link so that others can use your information. Interact with people and help them with your expertise. Learn from those who already have more experience. This is the best approach for people to know you and trust you.
4. Build strong relationship with the reading community
It is important to use your experience to engage people to read your content on your blog. This helps your blog get more exposure. It will help build authority and trust. The content present on your blog should engage readers and get them to follow your blog on a regular basis.
Be an active blogger. Respond to the readers comments, be polite, express gratitude and answer their questions if any. This will make them come back again. All this is a part of building a strong relationship through which it is easier to make money online.
5. Choose the income stream
Now the next step is to think about the way to generate income from your blog. If you are looking to generate long term income from your blog, follow these below mentioned steps:
- Advertising
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- Digital Products
- Services
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Displaying advertisements is the first step to begin making money through your blog. Ads are often provided by Ad networks that connect the advertiser and blogger.
Ad networks work as middle person between bloggers and advertisers. The advertiser chooses the Ad networks to advertise their product as 90% of bloggers are registered with Ad networks across the globe. This benefits the advertiser to sell as well as promote their product.
Google AdSense is one of the best and easy to set up Ad Network. There are several other Ad networks like Beacon, Sway, Blogher, Media.net, and Blogads.
Affiliate Marketing
There are hundreds of products that companies want to promote and sell on the web. Some companies choose to promote and sell their products through an affiliate marketing program.
The companies will begin with giving a unique link of their product or services. When a viewer clicks on that link and make a purchase, you will earn a commission on that. Affiliate Marketing is an easy method for earning passive income. There are several affiliate programs that are easy to sign and set up.
Digital Products
Digital products are websites, themes, e-books, domains, e-courses, webinars, Plug-ins, photos etc that you can sell online on the web. The main advantage of selling digital products is that you don't have to pay any manufacturing cost. Once the product is made, everything that is sold is virtual profit. Many people create own digital products and sell them online.
Physical Products
Physical products like manufactured products, books, classes and conferences can also be promoted and sold. This can be done through blogs, newsletters, and websites.
If you have a created a product and want to sell it that's great. However, if you do not know how to create your own product, then never mind. You can sell someone else's in your shop online.
Services such as writing, training, blogging, consulting, and coaching are freelance options through which many people make money online. These services will help you earn extra money along with blogging.
Start thinking of ways you can use your skills to the best potential and put them up online. Create blog content based on the services that you are offering to your readers.
Selling or offering a service is the best as the start-up cost is very minimal. Expand your business based on how much time you can donate to these services.
From the listed above choices, choose any income stream that suits your needs!
I sincerely hope my article has helped you with plenty of ideas as to how to start making money through your blog. All you now need to do is put in the right efforts and stay.
I would like to help you more
If you liked my article, then please don't forget to subscribe me and share this article. You can also find me on Facebook, Twitter, Google+, Instagram, Medium and LinkedIn.
14 Comments
hello sir very nice article
it is having amazing tips for earning money through blog .
keep up the good work.
Really good information.
Thank you for writing about this.
Nice article Rajinder, This is a great article. The best and most simple way to start making money online as quickly as possible is by connecting to other influencers (bloggers) not necessarily in your niche but generally.
Go the extra mile and extend making friends to foreigners too and be social.
Do regular blog comment to be noted.
Stay cool
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Dangerous Dog Regulations and Legislation in VIC
Click below to Download your Printable Dangerous Dogs Act Fact Sheet in Victoria
print it out and share it with everybody you know!
The Domestic Animals Regulation 2015 in Victoria demands that all dog owners of declared dangerous dogs, declared menacing dogs and restricted breed dogs must comply with all requirements of the Act or face large fines for each offense or even imprisonment.
Some of the important facts and requirements for dog owners in Victoria are listed below so that they may easily comply with the legislation. This fact sheet for Dangerous Dogs in VIC is a guide for dog owners. If you need more details, read the Dangerous, Menacing and Restricted Breed Dogs in VIC page or contact your local council.
|Back to VIC Dangerous Dog Products
Table of Contents
Dangerous Dogs in Victoria
Restricted Breeds - What are restricted in VIC?
Breeding Restricted Dogs - Am I allowed?
How are Dangerous and Menacing Dogs declared?
Dangerous Dog Collars - Main Identifier
Requirements for Dog Owners
Dangerous, Menacing and Restricted Dogs in VIC
The Act identifies 3 types of dogs in Victoria. Any breed of dog no matter what size can be declared dangerous or menacing.
- • Dangerous Dogs
- • Menacing Dogs
- • Restricted Breed Dogs
Restricted Dog List in Victoria
Victoria has listed dog breeds that fit the Victorian "Approved Standard" which are restricted and must comply with Act requirements.
- • American Pit Bull Terrier (Pit Bull Terrier)
- • Perro de Presa Canario (Presa Canario)
- • Dogo Argentino
- • Japanese Tosa
- • Fila Brasileiro
Breeding Restricted Breeds in VIC – Are they allowed?
No. All restricted breeds that fir the Victorian "Approved Standard" for restricted breeds are to be desexed immediately. Selling, buying, giving or changing the ownership of a restricted breed dog are also prohibited by law and are offenses which are punishable by law.
Declared Dangerous or Menacing Dogs – How are they declared in VIC?
Any breed and size of dog in Victoria can be declared by an authorised officer of a local council as either dangerous or menacing depending on what the dog has done. A dangerous dog is declared dangerous when they attack or bite a person or animal resulting in death or serious injury. Menacing dogs are declared menacing when they chase or rush to a person aggressively in a menacing manner such as growling and snarling. Menacing dogs may be declared dangerous if the owner has received at least 2 infringement notices for failing to comply with requirements.
Dangerous Dog Collars in VIC – Do I need one?
The prescribed Dangerous Dog Collar for Dangerous and Restricted Dogs in Victoria is the main identifier so people in public can identify a dog and be alerted of a possible danger from a distance. They consist of red and yellow diagonal stripes at a 45 degree angle where one colour must be fluorescent or reflective to be visible in the dark. They are made of durable materials and are available in 3 sizes as required by the Act.
- • 25mm for dogs weighing less than 20kgs
- • 40mm for dogs weighing between 20kgs and 40kgs
- • 50mm for dogs weighing over 40kgs
Requirements for Dangerous Dog Owners – What do I need to do?
Dog owners with Dangerous Dogs, Menacing Dogs or Restricted Breed Dogs are required by the Act to comply with a number of requirements or face large fines.
- • Dangerous Dogs and Restricted Dog Breeds must wear a specially prescribed Dangerous Dog Collar for easy identification. The collar is available in 3 sizes.
- • A special warning sign for either Dangerous Dog or Restricted Dog Breed must be placed on all entrances to the premises.
- • The dog must always be muzzled and on leash when taken out to public and must be handled by a capable adult over the age of 18.
- • A dangerous dog must be confined in an enclosure that complies with the Act's requirements.
This Fact Sheet is simply a short guide for dog owners with Dangerous Dogs, Menacing Dogs and Restricted Breed Dogs. If you need more details, please read the Dangerous, Menacing and Restricted Breeds in VIC page or contact your local council.
Download your Dangerous Dog Fact Sheet for VIC
print it out and share it with everybody you know!
The information contained on this page is meant as a general guide and general advice only and not for the purpose of providing legal advice. We recommend people follow the instructions of their local government department. These materials are intended, but not promised or guaranteed to be current, complete, or up-to-date and should in no way be taken as an indication of future results. The Dog Line offers this information freely and takes no responsibility for its accuracy. For more details, please contact your local council.
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We'd love to help you make the right choice on a product or offer any training advice, our experienced team are here to assist at any stage of your purchase, before or after.
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text:
|Traffic and air quality
SIMTRAP User Manual - Installation Guide
Systems InstallationESS software systems are distributed either on 8mm Exabyte, or 4mm DAT (DSS-2 or DSS-3) tapes or CDs. Alternatively, systems and in particular, updates, can be downloaded from the ESS ftp server.
On the distribution tape, the system is packed as a UNIX tar tape archive.
To unload and install, insert the tape in the respective drive, log in as root or a user with sufficient privileges to create a project directory as the root of the Simtrap installation.
Create a systems root directory, for example, called SIMTRAP in the directory /export/home :
% cd export/home % mkdir SIMTRAP % chmod 777 SIMTRAP % cd SIMTRAPTo untar the tape file, type:
% tar xvf /dev/rmt/0or whatever the appropriate device name for the tape drive may be. The system will then list the contents of the tapes while the files are extracted. tar extract files and directories recursively, and creates the necessary files structure on the target system.
Please note that the modification dates will be set to the current time, and ownership will be set to the UID of the current user running the tar command.
After installation, you should, if necessary, change the ownership of the new directory tree recursively: chown -R user /export/home/SIMTRAP for the example location above.
If necessary, individual subdirectories that are referenced in the CONFIG can now be relocated. The largest one is the ./data directory. Assuming it should be moved to a new location, this has to be updated in the CONFIG file. The original entry:
setenv DATADIR datawould then be changed into
setenv DATADIR ../newdataassuming the new location for the data directory should be in /export/home/newdata (moved from the default /export/home/SIMTRAP/data.
To run the Simtrap system properly, you have to set up a few more files for the user(s) that will use the system. The following assumes you are using the CDE, the Common Desktop Environment that is supported on SUN, HP, and IBM.
The user(s) should set the following environment variables in their home directories:
License KeysSimtrap executables are node-locked, i.e., they can only be run on CPU's for which a valid license key has been obtained from ESS as part of your system's purchase.
You need to copy your license key into the file .aca_licenses which is located in the project root directory together with the executable.
A typical example would look like this:
2SaaJJnE2iiiccOrJJoolZggww Hostid: 8089845e Expires: Never W9RRKK33ofe9CrDkpmSgN3O3II Hostid: c151f43e Expires: 31-12-1997including the license code proper, the hostid of the machine for which the license is valid, and the expiration date, if any.
To get a license key, please mail the hostid of the respective machine(s) to firstname.lastname@example.com. We will mail you back your license key of keys for insertion into the .aca_licenses file. You can obtain the hostid of your machine by simply typing hostid at a shell prompt (on A SUN). The results should be an eight-digit hexadecimal string, for example: 8089845e.
On an IBM machine under AIX, please note that the command hostid resides in /usr/sbin, and the result is preceded by 0x to indicate that this is a hexadecimal string:
ibm% /usr/sbin/hostid 0xc151f460
For Linux installation, copy the program install that you will find on the distribution CD or tape to your computer and run it by typing: install at the shell prompt. You have to be super user (root) to do this correctly. The program will return an eight digit host ID string as above.


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Homeopathic Treatments No Extra Effective Than Placebo Sugar Capsules
Larry Malerba, D.. Physician, educator, writer, and pioneer of recent paradigm medical pondering. Science and modern medication will attempt to remove the cancer and might be profitable in lots of instances, however not all. Homeopathic docs create placebo have an effect on by taking history of the patient and these periods can last up to an hour! The problem is to find the homeopathic treatment that best fits the persona and symptoms of the individual. There are a number of homeopathic treatments for melancholy that can complement a natural treatment.
A classical homeopath would not prescribe one drugs for a headache and one other for an upset stomach, he or she would find a single drugs that covered each symptoms. Seek the advice of a homeopathic physician to find out appropriate remedy for you as every case is totally different. Homeopathy is a mild but highly effective form of medication that can safely be used with every member of the family, during all stages of life. Move of brilliant purple blood typically combined with coagula, associated with nice deal of flushing. To affect a cure chemical molecule have to be present in the drugs: That is inference from the rule of chemistry. The treatment labored great and with not one of the harmful unwanted effects I was experiencing with medicine primarily based cures. Scientific trials are recognized to help the efficacy of homeopathic cures for melancholy.
Homeopathy is used world extensive in veterinary care of animal, chicken, or reptile that's ailing by using veterinary homeopathic drugs. Blood is vibrant pink, profuse and is attended by a faint feeling within the epigastrium, pain in again, coldness of extremities, prostration and rapid, feeble pulse. The Government of India is now encouraging it, and India can present good result in promote this technique of medicine. There aren't any interactions with medication, so you can start homeopathic medicine and then we are able to initiate a gradual taper schedule of your remedy as the signs enhance.
As an organizer, Weeks convened the Integrative Medication Trade Management Summits (2000-2002), directed the National Training Dialogue to Advance Integrated Care (2004-2006), fund-raised the beginning-up of the Built-in Healthcare Coverage Consortium (2002), and co-based the Educational Collaborative for Integrative Health, which he directed 2007-2015.
Attending to the heart of his accusations, there is a giant body of both in vitro and animal study proof which affirms the constructive results of homeopathic cures in comparison with controls – a very large body of proof. Moreover, as I mentioned earlier, the vast majority of non human studies – both in vitro and animal model studies – level to real results of homeopathic treatments.


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This event information was copied from : https://www.meetup.com/ja-JP/Le-Wagon-Tokyo-Coding-Station/events/260610002/ , please go to the event page if you need to sign up for attendnace.
You want to understand blockchain's application to other fields than finance? Or you're simply wondering what is life as a researcher about the most exciting technology of the 21st century?
For this talk, we're extremely happy to welcome Po-An Lin, research engineer at OmiseGO, who will share with us the latest advances with the OmiseGO project and its use of the Plasma architecture.
He will also cover the basics of the Ethereum blockchain, the challenges it is facing, and explain why Plasma could accelerate its adoption as the main platform to develop and run decentralized applications.
If you want to learn more about Plasma, here is a first read we recommend before the event: https://blockgeeks.com/guides/what-is-omisego-the-plasma-protocol/#The_OmiseGO_Roadmap
ApéroTalk is our event series based on a very simple (and very French) concept: Apéro and Talk.
• 7:00 pm – Doors open
• 7:30 pm – Talk and Q&A by Po-An
• 8:30 pm – Networking session
Le Wagon Tokyo (https://www.lewagon.com/tokyo) is a coding school for startups, creative people and tech entrepreneurs. Our 9-week Full-Stack Coding Bootcamp (https://www.lewagon.com/program) is designed for complete beginners or "half-beginners" who really want to dive into programming and, above all, change their mindset. Learn to think like a developer, consider issues with new insight, and become more autonomous thanks to these newly acquired abilities.
The next Tokyo batch will start on July 1st and applications are open. (https://www.lewagon.com/apply/tokyo) Still considering whether to apply or not? Try our free online track! (https://www.lewagon.com/learn-to-code)