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      "author": "steemitboard",
      "body": "Congratulations @belizeguy67! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@belizeguy67/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@belizeguy67) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=belizeguy67)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "communitymanager",
      "body": "Sorry I haven't received an email; can you send me your ticket number on here?\n\nWe are in the process of building the most crypto friendly solution.",
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      "body": "Of course I email him and receive no reply. Wirex treats their customers like crap.",
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      "body": "Just sent you an email...I really hope you can help me.",
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      "author": "communitymanager",
      "body": "I'm really sorry to read about your experience; usually our customer support are excellent. \n\nIf you send me an email:\[email protected]\n\nI'll personally look into your issue for you and see what I can do to help.",
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      "body": "Wirex: Must Read Before Doing Business With Them!\n\n(Quick Read: Don’t! They are holding my Bitcoin against my will for over 45 days with no reason)\n\n![17799010_544849992352172_5797877388252360315_n.png](https://steemitimages.com/DQmT11gNuibW6cCZhPVQWTykytybfFug9qkWsrnHAY15K3x/17799010_544849992352172_5797877388252360315_n.png)\nI opened an account with WireX back when it was still named E-Coin, in December of 2016. Like most people, I was attracted to their physical and virtual VISA debit cards. I am an American living in Belize and was immediately approved and given both cards. The virtual card was approved in minutes and the physical card arrived in the mail in three weeks. I was a happy camper.\n\nSometime around May of 2017, they started having problems with their card issuer Wavecrest and had to replace all their cards. Ok, no problem...sh!t happens. Then a few months later, Wavecrest cancels all cards. Ok, now I’m a little worried, but Wirex has assured me they are working with a new card issuer and another one is coming soon. To date, none have arrived. This is an annoyance, but not the problem.\n\nThe problem occured in December 2017, when I tried to move my BTC. First, it only allowed me to move 2 BTC at a time at a cost of nearly $300US fee...ouch. After complaining of this and being told it wasn’t their fees, it is Bitcoin, and that I should verify my account if I want to move a larger number at a time, I sent in verification documents (second time). I was told they could not verify me because their new card issuer did not do business in Belize. Huh? I continued to move 2 BTC at a time until one day my account was closed. I of course emailed customer support and was given the runaround for a week and then asked to verify myself, again. I complied (having previously sent in verification papers twice already) and was told that my account was closed because Wirex doesn’t do business in my country. No notification had ever been given and I had an account opened with them for over a year.\n\nIt has now been over 45 days of emails back and forth with customer support and no reason has been given for why they will not allow me access to my account or send me my BTC. I understand if something changed and they can’t/won’t do business with Belize, but be professional about it and send out a notification. Why would you hold someone’s BTC? On December 29th they teased me and asked for a BTC address they could send all my BTC to...still waiting as of today.\n\nOh, I was naive (stupid?) and had my BTC with them on August 1st, which means they also are holding my BCH and later, BCG. Supposedly, BCH will be available in the 2nd quarter of 2018. Who knows when BCG will be available. Needless to say, I and all of their customers, have zero access to these forked coins.\n\nConclusion: Do I think, at this time, that Wirex is shady? No. Unprofessional, absolutely. My recommendation - do NOT do business with them!\n\nIs anyone else having issues with Wirex?",
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      "author": "steemitboard",
      "body": "Congratulations @belizeguy67! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpayout.png)](http://steemitboard.com/@belizeguy67) You got your First payout\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "author": "sarah249",
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      "body": "If people hold bitcoin then I think it will work. But people are trying to make money over it and a lot of trading is happening thus causing volatility. So, I don't holding will be an option here.  This is my opinion. But there must reasons to hold. What do you think they are?",
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      "body": "There's no point trying to convince anyone... if it goes down in value after they buy it, even for a short while, they'll probably blame you! :-(",
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      "body": "![Header-Bitcoin-Intersic-Value.png](https://steemitimages.com/DQmdtVtKoaUBvnPrU9gP1Dqp2zAFjhNtZAz8w6YMVyPiuuB/Header-Bitcoin-Intersic-Value.png)\n\n\"Bitcoin Has NO Intrinsic Value!\" This is what my wealthy friend recently said to me. He has yet to purchase any cryptocurrencies even though I have been telling him to buy BTC since it was at $5K (2 whole months ago!).\n\nPlease explain to me what the intrinsic value of the US dollar is other than forced mass adoption. The petrodollar has forced the entire world to hold US dollars to pay for oil (this is about to collapse BTW). Mass adoption is the only \"intrinsic value\" any currency has. Just like the Japanese Yen and Canadian Dollar are worthless in Belize because the Belizeans have not adopted them as currency. Oh, did you notice...bitcoin is at the beginning of mass adoption?\n\nBitcoin Intrinsic Values:\n\n1. I can carry $10M in my pocket, go through an airport, travel anywhere in the world. Try that with fiat currency and it'll be confiscated at best or you'll be arrested at worse.\n2. I can send $10M to my friend in China within seconds for almost nothing.\n3. It can't be inflated like every single other fiat has been since governments began printing money. \n4. Bitcoin eliminates the need for banks. You can literally store all of your wealth in your head via a code.\n5. Bitcoin eliminates the need for CENTRAL banks. These are the biggest criminals in history.\n6. Bitcoin is masterfully designed code run using incredibly difficult math.\n\nThese are just off the top of my head...I'm sure there are many more.\n\nPlease comment with any other intrinsic values I missed or let me know why any of these listed are wrong.",
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      "body": "Dear Jamie,\n\nMy name is Adam Ludwin and I run a company called Chain. I have been working in and around the cryptocurrency market for several years.\n\nIt’s easy to believe cryptocurrencies have no inherent value. Or that governments will crush them.\n\nIt’s also becoming fashionable to believe the opposite: that they will disrupt banks, governments, and Silicon Valley giants once and for all.\n\nNeither extreme is true.\n\nThe reality is nuanced and important. Which is why I’ve decided to write you this briefing note. I hope it helps you appreciate cryptocurrencies more deeply.\n\nLet me start by stating that I believe:\n\nThe market for cryptocurrencies is overheated and irrationally exuberant\nThere are a lot of poseurs creating them, and some scammers, too\nThere are a lot of conflicts of interest, self-serving hype, and obfuscation\nVery few people in the media understand what’s going on\nVery few people in finance understand what’s going on\nVery few people in technology understand what’s going on\nVery few people in academia or government understand what’s going on\nVery few people buying cryptocurrencies understand what’s going on\nIt’s very possible I don’t understand what’s going on\n\nAlso:\nBanks and governments aren’t going away\nTraditional software isn’t going away\n\nIn short: there’s a lot of noise. But there is also signal. To find it, we need to start by defining cryptocurrency.\n\nWithout a working definition, we are lost. Most people arguing about cryptocurrencies are talking past each other because they don’t stop to ask the other side what they think cryptocurrencies are for.\n\nHere’s my definition: cryptocurrencies are a new asset class that enables decentralized applications.\n\nIf this is true, your point of view on cryptocurrencies has very little to do with what you think about them in comparison to traditional currencies or securities, and everything to do with your opinion of decentralized applications and their value relative to current software models.\n\nDon’t have an opinion on decentralized applications? Then you can’t possibly have one on cryptocurrencies yet, so read on.\n\nAnd since this isn’t about cryptocurrencies vs. fiat currencies let’s stop using the word currency. It’s a head fake. It has way too much baggage and I notice that when you talk about Bitcoin in public you keep comparing it to the Dollar, Euro, and Yen. That comparison won’t help you understand what’s going on. In fact, it’s getting in the way. So for the rest of this note, I will refer to cryptocurrencies as crypto assets.\n\nSo, to repeat: crypto assets are a new asset class that enables decentralized applications.\n\nAnd like every other asset class, they exist as a mechanism to allocate resources to a specific form of organization. \n\nDespite the myopic focus on trading crypto assets recently, they don’t exist solely to be traded. That is, in principle at least, they don’t exist for their own sake.\n\nTo understand what I mean, think about other asset classes and what form of organization they serve:\n\nCorporate equities serve companies\nGovernment bonds serve nations, states, municipalities\nMortgages serve property owners\n\nAnd now:\n\nCrypto assets serve decentralized applications\n\nDecentralized applications are a new form of organization and a new form of software. They’re a new model for creating, financing, and operating software services in a way that is decentralized top-to-bottom. That doesn’t make them better or worse than existing software models or the corporate entities that create them. As we’ll see later, there are major trade-offs. What we can say is simply that they are radically different from software as we know it today and radically different from the forms of organization we are used to.\n\nHow different? Imagine the following: you grew up in a rainforest and I brought you a cactus and told you it was a tree. How would you react? You’d probably laugh and say it’s not a tree because there’s no point in a tree being a stumpy water tank covered in armor — after all, water is abundant here in the rainforest! This, roughly, is the reaction of many people working in Silicon Valley to decentralized applications.\n\nBut I digress. I owe you an important explanation: What is a decentralized application?\n\nA decentralized application is a way to create a service that no single entity operates.\n\nWe’ll come to the question of whether that’s useful in a moment. But first, you need to understand how they work.\n\nLet’s go back to the birth of this idea.\n\nIt’s November 2008. The nadir of the financial crisis.\n\nAn anonymous person publishes a paper explaining how to make electronic payments without a trusted central party like Chase or PayPal or the Federal Reserve. It’s the first decentralized application of this kind ever proposed.\nIt’s a decentralized application for payments.\n\nThe paper is titled Bitcoin.\n\nHow does it work? How is it possible to send an electronic payment without a designated party who will track and update everyone’s balances? If I hand you a dollar that’s one thing. But data is not a bearer instrument. Data needs intermediation and validation to be trusted.\n\nThe paper proposes a solution: form a peer-to-peer network. Make it public. Announce your transaction to everyone. In your announcement, point to the specific funds on the network you want to spend. Cryptographically sign your announcement with the same software key that is linked to those funds so we know they’re yours.\n\nIt almost works. We need one more thing: a way to make sure that if you broadcast two competing announcements (that is, if you try to spend the same funds twice) that only one of your attempts counts.\n\nBad solution: designate a party to timestamp the transactions and only include the transaction that came first. We’re back to square one. We have a trusted intermediary.\n\nBreakthrough solution: let entities compete to be the “timestamper!” We can’t avoid the need for one, but we can avoid designating one in advance or using the same one for every batch of transactions.\n\n“Let entities compete.” Sounds like a market economy. What’s missing? A reward for winning. An incentive. An asset.\nLet’s call that asset Bitcoin. Let’s call the entities competing for the right to timestamp the latest batch of announced transactions “miners.” Let’s make sure anyone can join this contest at any time by making the code and network open.\n\nNow we need an actual contest. The paper proposes one. On your mark, get set: find a random number generated by the network! The number is really, really hard to find. So hard that the only way to find it is to use tons of processing power and burn through electricity. It’s a computing version of what Veruca Salt made her dad and his poor factory workers do in Willy Wonka. A brute force search for a golden ticket (or in this case, a golden number).\n\nWhy the elaborate and expensive competition to do something as simple as timestamp transactions for the network? So that we can be sure the competitors have incurred a real financial cost. That way, if they win the race to find the random number and become the designated timestamper for a given batch of transactions, they won’t use that power for evil (like censoring transactions). Instead, they will meticulously scan each pending transaction, eliminate any attempts by users to spend the same funds twice, ensure all rules are followed, and broadcast the validated batch to the rest of the network.\n\nBecause if they do indeed follow the rules, the network is programmed to reward them…\n\n… with newly minted Bitcoin, plus the transaction fees, denominated in Bitcoin, paid by the senders. (See why they are called miners and not timestampers, now?)\n\nIn other words, miners follow the rules because it is in their economic self-interest to do the right thing.\n\nYou know, like Adam Smith said:\n\nIt is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self interest.\n\nCrypto assets: the invisible hand… of the internet.\n\nBitcoin is capitalism, distilled. You should love it!\n\nAnd since these miners have debts to pay (mostly electricity bills), they will likely sell their newly earned Bitcoins on the open market in exchange for whatever real currency they need to satisfy their liabilities. Anything left is profit. The Bitcoin is now in circulation. People who need it can buy it. And so can people who just want to speculate on it. (More on the people who “need it” vs. those who are speculating later.)\n\nEureka! We have killed two birds with one stone: the financial reward that substitutes our need for a trusted central party with a marketplace of competing yet honest timestampers is the same asset that ends up in circulation for use as a digital bearer instrument in an electronic payments network that has no central party (it’s circular, I know).\nNow that you understand Bitcoin, let’s generalize this to decentralized applications as a whole.\n\nIn general, a decentralized application allows you to do something you can already do today (like payments) but without a trusted central party.\n\nHere’s another example: a decentralized application called Filecoin enables users to store files on a peer-to-peer network of computers instead of in centralized file storage services like Dropbox or Amazon S3. Its crypto asset, also called Filecoin, incentivizes entities to share excess hard drive space with the network.\n\nDigital file storage is not new. Neither is electronic payments. What’s new is that they can be operated without a company. A new form of organization.\n\nOne more example.\n\nWarning: this one is a bit confusing because it’s meta.\n\nThere’s a decentralized application called Ethereum that is a decentralized application for launching decentralized applications. I am sure by now you have heard of “initial coin offerings” (ICOs) and “tokens.” Most of these are issued on top of Ethereum. Instead of building a decentralized application from scratch the way Bitcoin was, you can build one on top of Ethereum much more easily because a) the network already exists and b) it’s not designed for a specific application but rather as a platform to build applications that can execute arbitrary code. It is “featureless.”\nEthereum’s protocol incentivizes entities to contribute computing resources to the network. Doing so earns these entities Ether, the crypto asset of Ethereum. This makes Ethereum a new kind of computing platform for this new class of software (decentralized apps). It’s not cloud computing because Ethereum itself is decentralized (like aether, get it?). \n\nThat’s why its founder, Vitalik Buterin, refers to Ethereum as a “world computer.”\n\nTo summarize, in just the last few years the world has invented a way to create software services that have no central operator. These services are called decentralized applications and they are enabled with crypto assets that incentivize entities on the internet to contribute resources — processing, storage, computing — necessary for the service to function.\n\nIt’s worth pausing to acknowledge that this is kind of miraculous. With just the internet, an open protocol, and a new kind of asset, we can instantiate networks that dynamically assemble the resources necessary to provide many kinds of services.\n\nAnd there are a lot of people who think this model is the future of all software, the thing that will finally challenge the FANG stocks and venture capital to boot.\n\nBut I’m not one of them. Because there’s a problem.\n\nIt’s not at all clear yet that decentralized applications are actually useful to most people relative to traditional software.\n\nSimply put, you cannot argue that for everyone Bitcoin is better than PayPal or Chase. Or that for everyone Filecoin is better than Dropbox or iCloud. Or that for everyone Ethereum is better than Amazon EC2 or Azure.\n\nIn fact, in almost every dimension, decentralized services are worse than their centralized counterparts:\n\nThey are slower\nThey are more expensive\nThey are less scalable\nThey have worse user experiences\nThey have volatile and uncertain governance\n\nAnd no, this isn’t just because they are new. This won’t fundamentally change with bigger blocks, lightning networks, sharding, forks, self-amending ledgers, or any other technical solutions.\n\nThat’s because there are structural trade-offs that result directly from the primary design goal of these services, beneath which all other goals must be subordinated in order for them to be relevant: decentralization.\n\nRemember that “elaborate and expensive competition” I described? Well, it comes at the cost of throughput. Remember how users need to “cryptographically sign” their transaction announcements? Well, those private keys need to be held onto much more securely than a typical password (passwords can be recovered). Remember how “no single entity operates” these networks? The flip side is that there is no good way to make decisions or govern them.\n\nSure, you can make decentralized applications more efficient and user-friendly by, for example, centralizing users’ cryptographic signing keys (i.e., control of their coins) with a trusted entity. But then we’re mostly back to square one and would be better off using a service that is centralized.\n\nThus, bitcoin, for example, isn’t best described as “Decentralized PayPal.” It’s more honest to say it’s an extremely inefficient electronic payments network, but in exchange we get decentralization.\n\nBottom line: centralized applications beat the pants off decentralized applications on virtually every dimension.\n\nEXCEPT FOR ONE DIMENSION.\n\nAnd not only are decentralized applications better at this one thing, they are the only way we can achieve it.\n\nWhat am I referring to?\n\nCensorship resistance.\n\nThis is where we come to the elusive signal in the noise.\n\nCensorship resistance means that access to decentralized applications is open and unfettered. Transactions on these services are unstoppable.\n\nMore concretely, nothing can stop me from sending Bitcoin to anyone I please. Nothing can stop me from executing code on Ethereum. Nothing can stop me from storing files on Filecoin. As long as I have an internet connection and pay the network’s transaction fee, denominated in its crypto asset, I am free to do what I want.\n\n(If Bitcoin is capitalism distilled, it’s also a kind of freedom distilled. Which is why libertarians can get a bit obsessed.)\nAnd for readers who are crypto enthusiasts and don’t want to take my word for it, will you at least listen to Adam Back and Charlie Lee?\n\n![phfkMgEQcwvEc9hw.png](https://steemitimages.com/DQmcjE5Rk26vUQNCc84zJ7W6L1geARvSq31ocZZeN2PiZvm/phfkMgEQcwvEc9hw.png)\n\nSo while we can’t say “for everyone Bitcoin is better than Visa,” it is possible that for some cohort of users Bitcoin truly is the only way to make a payment.\n\nMore generally, we can ask:\n\nFor whom is this the right trade-off?\n\nWho needs censorship resistance so much that they are willing to trade away the speed, cost, scalability, and experience benefits of centralized services?\n\nTo be clear, I’m not saying you have to make this trade-off in order to buy/speculate on crypto assets. I am saying that in order for decentralized applications themselves to have utility to some cohort, that cohort must be optimizing for censorship resistance.\n\nSo, who are these people?\n\nWhile there is not a lot of good data, actual users of decentralized applications seem to fall into two categories:\n\nPeople who are off the grid: that is, in countries where access to competently operated traditional services is limited (for any number of reasons) but where internet is not\n\nPeople who want to be off the grid: that is, people who don’t want their transactions censored or known\nWith that framework in mind we can ask:\n\nFor whom is Bitcoin the best/only way to make a payment?\nFor whom is Filecoin the best/only way to store a file?\nFor whom is Ethereum the best/only way to compute code?\n\nThese are the questions that get at the heart of the value proposition of the technology.\n\nSo far, most decentralized applications have very little use relative to traditional services. Bitcoin, for example, has fewer mainstream merchants accepting it as a payment option in the U.S. today than in 2014. And for all the talk of Bitcoin’s value as a payments system in developing countries or emerging markets like China, it is traditional software (i.e., apps) like AliPay and Paytm that are actually driving sweeping change in these places.\n\nAt the same time, use of Bitcoin on the dark web and for ransomware is evident, even if it is hard to get good data.\n\nBut aren’t people using Bitcoin as a “store of value?” Sure, which is just another way of saying people are investing in Bitcoin with a longish time horizon. But remember I’m not talking about investing in the crypto asset yet. I’m talking about whether there are people who find a decentralized application for payments (which is enabled by that asset) useful. Real estate is only a good store of value in the long run if people live and work in the buildings. The same is true of decentralized applications.\n\nWhat should we make of Ethereum evaluated through the “censorship resistance” lens? After all, it seems to be getting a ton of use by developers. Since Ethereum is a developer platform for decentralized applications, does that mean it is developers who have been censored or blocked somehow? In a way, yes. Developers and start-ups who wish to build financial products do not have open and unfettered access to the world’s financial infrastructure. While Ethereum doesn’t provide access to that infrastructure, it does provide a different infrastructure that can be used to, for example, create and execute a financial contract.\n\nSince Ethereum is a platform, its value is ultimately a function of the value of the applications built on top. In other words, we can ask if Ethereum is useful by simply asking if anything that has been built on Ethereum is useful. For example, do we need censorship resistant prediction markets? Censorship resistant meme playing cards? Censorship resistant versions of YouTube or Twitter?\n\nWhile it’s early, if none of the 730+ decentralized apps built on Ethereum so far seem useful, that may be telling. Even in year 1 of the web we had chat rooms, email, cat photos, and sports scores. What are the equivalent killer applications on Ethereum today?\n\nSo where does this leave us?\n\nGiven how different they are from the app models we know and love, will anyone ever really use decentralized applications? Will they become a critical part of the economy? It’s hard to predict because it depends in part on the technology’s evolution but far more on society’s reaction to it.\n\nFor example: until relatively recently, encrypted messaging was only used by hackers, spies, and paranoids. That didn’t seem to be changing. Until it did. Post-Snowden and post-Trump, everyone from Silicon Valley to the Acela corridor seems to be on either Signal or Telegram. WhatsApp is end-to-end encrypted. The press solicits tips fromSecureDrop. \n\nYes, the technology got a little better and easier to use. But it is mainly changes in society that are driving adoption.\nIn other words, we grew up in the rainforest, but sometimes things change and it helps to know how to adapt to other environments.\n\nAnd this is the basic argument that the smart money is making on crypto assets and decentralized applications: that it’s simply too early to say anything. That it is a profound change. That, should one or more of these decentralized applications actually become an integral part of the world, their underlying crypto assets will be extremely valuable. So might as well start placing bets now and see how it goes. Don’t get to hung up on whether we see the killer apps yet.\n\nThat’s not a bad argument and I tend to agree.\n\nI would summarize the argument as: in the long-run, a crypto asset’s value is driven by use of the decentralized application it enables. While it’s early, the high valuations are justified because even if the probability of mass adoption is small, the impact would be very large, so might as well go along for the ride and see what happens.\n\nBut how do we explain the recent mania?\n\nBitcoin is up 5x in a year, Ethereum is up 30x. The total market cap of all cryptocurrencies is ~$175B, up from $12B just a year ago. Why?\n\nAs in every mania in history, it is currently rational to be irrational.\n\nTo understand what’s going on, let’s look at the buyer and seller mentality right now, starting with the buyers.\n\nIf you invested early in Bitcoin or Ethereum, you are sitting on a windfall. It feels like you are playing with “house money,” a well-known psychological effect. You feel smart and willing to risk more than you otherwise would if it was “your money.” Might as well diversify a bit and parlay your gains into the next crypto asset, or two, or three.\n\nIf you didn’t invest, the fear-of-missing-out continues to build until the “screw it” moment when you buy in. Maybe you read about Bitcoin, didn’t understand it, and followed Warren Buffet’s (good) advice not to invest in things you don’t understand. Some of your friends made money but you still ignored it. Then you read about Ethereum, which you really didn’t understand, also passed on buying, and later found out that your friends are planning to retire because they did. \n\nThe lesson seems to be anti-Buffet: only invest in things you don’t understand. This is causing people to check their judgment at the door when the latest all-time high finally convinces them to jump into the market.\n\nAnd that is not good.\n\nBecause there will be sellers to fill the demand, especially the demand coming from people who have decided they will never understand this stuff so will just place bets on things that sound complex and impressive.\n\nLet’s think about these sellers. And by sellers, I don’t mean people selling their holdings of existing crypto assets. I mean new issuers. Teams launching new crypto assets.\n\nThe basic model is to pre-sell some percentage of the crypto assets the proposed network will generate as a way to fund the development of the decentralized application before it launches. The project founders tend to hold on to some percentage of these assets. Which means that raising money for a project this way is a) non-dilutive as it is not equity and b) not debt, so you never have to pay anyone back. This is basically free money. It’s never been this good for entrepreneurs, even in the 90s dot-com boom. Which makes it incredibly tempting to try and shoe-horn every project that could perhaps justify an “initial coin offering” to go for it, even if they aren’t actually building a decentralized application. After all, an ICO lets you exit before you even launch.\n\nAnd there is a pervasive narrative out there that supports entrepreneurs looking to create new crypto assets. The idea is that by selling assets to users before your network launches, you create “evangelists” who will be early users and promoters you wouldn’t otherwise have if there were no financial incentive to participate in your community.\n\nThe problem with this line of thinking is that it conflates early investors with early users. The overlap between people who buy your crypto asset and people who actually want to use the service you are building is likely very, very small, especially during market manias like this one. It creates a false sense of “product-market fit.” Yes, people are buying your crypto asset. But that’s because the “market” are people who want to get rich and the “product” you are selling is a “way to get rich.”\n\n![1-KwQ9xdCcSGOWvxGDWCEsHA.png](https://steemitimages.com/DQmXTatdBur3y1maMkUaUbA7AJ5c5xAsGQr32tEv3njvCxj/1-KwQ9xdCcSGOWvxGDWCEsHA.png)\n\nBut “this is fine.”\n\nEveryone’s making money. For now.\n\nIt’s currently rational to be irrational.\n\nAs long as that blue line keeps going up.\n\nOnly when the tide goes out do you discover who’s been swimming naked.\n\nAt the same time, I wouldn’t bet against crypto assets.\n\nHe who lives by the crystal ball will eat shattered glass.\n\nConsider the following. The total market cap of crypto assets has been increasing by an order of magnitude every few years. Where will they be in 2022? It’s certain that many (most?) of the crypto assets launching today won’t make it. But neither did most of the ones that were launched back in the 2013/4 boom (when they were referred to as “alt coins”). \n\nThough an important alt coin from 2014 did stick around and drove the most recent boom to new heights by being the platform to power all the others: Ethereum.\n\n![1-W0BqredNU2ydWC0jkGKL0A.png](https://steemitimages.com/DQmVySXi8qdY4xmFbbeq3WrsfcJUhCtnGfRsXCEyqUn2pG2/1-W0BqredNU2ydWC0jkGKL0A.png)\n\nSo, Jamie, what’s the bottom line?\n\nAllow me to summarize.\n\nCryptocurrencies (which I prefer to call crypto assets) are a new asset class that enable decentralized applications\n\nDecentralized applications enable services we already have today, like payments, storage, or computing, but without a central operator of those services\n\nThis software model is useful to people who need censorship resistance which tend to be people that are either off the grid or who want to be off the grid\n\nMost everyone else is better off using normal applications because they are 10x better in every other dimension, at least for now\n\nSociety’s embrace or rejection of new technology is hard to predict (think about encrypted messaging)\n\nIn the long-run, the value of a crypto asset will rise and fall in proportion to the use of the decentralized application it enables\n\nIn the short-run, there will be extreme volatility as FOMO competes with FUD, confusion competes with understanding, and greed competes with fear (on both the buyer side and the issuer side)\n\nMost people buying into crypto assets have checked their judgment at the door\n\nMany sellers of new crypto assets aren’t actually building decentralized applications but are instead shoe-horning an ICO into their service because of the market mania; that doesn’t mean decentralized applications are bad, it just means people are capitalizing on the confusion and are probably themselves confused\n\nDon’t bet against crypto assets in the long-run: as we approach the 10 year anniversary of the Bitcoin paper it is clear that they aren’t going anywhere and that decentralized applications may very well find an important place alongside all the other forms of organization we have come to take for granted.\n\nBest,\nAdam",
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      "body": "I`m with you,  @belizeguy67 , absolut.\nPlz keep me informed, if possible.\nKind Regards, from\n@zeuss11",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://crudeoiltrader.blogspot.com/2017/11/utility-tokens-and-cryptos-finally.html",
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      "body": "By Teeka Tiwari\n\n\"Are you still buying tulip bulbs, Tiwari?\"\n\nI was on the phone with one of the best market timers I know.\n\nIn another life, he was a floor trader on the Philadelphia options exchange. That's where he developed an uncanny knack for reading the direction of the stock market.\n\nThe guy is smart as a whip. Most of the time, he's quite likeable. On the day of our call, he was being unbearably obnoxious.\n\nA few months before the call, I told him to load up on Bitcoin and a small under-the-radar idea called Ethereum.\n\nHe laughed and called both ideas \"dumb and worthless.\" He then compared them to one of the most infamous bubbles in history: the Dutch Tulip mania of the 1630s.\n\nAt its peak in 1636, one tulip bulb could fetch $141,762. By 1637, the bubble had burst.\n\nHence the \"tulip\" jab.\n\nThis guy's ideas have made me a lot of money over the years. I was trying to repay the favor.\n\nI told him it wasn't too late to get in. But he wouldn't listen. After hitting me with a few choice insults, I wished him well and ended the call.\n\nI can't blame him for being skeptical.\n\nCryptos are a brand-new asset class. They're completely different from stocks, bonds, and traditional currencies.\n\nBut that was over 18 months ago.\n\nSince then, Bitcoin has risen 1,600% and ether (the coin for the Ethereum network) is up 2,563%.\n\nLike my floor trader colleague, perhaps you feel that crypto assets aren't assets at all. Perhaps you've missed out on this incredible run and think it's too late to get in.\n\nI want to show you why cryptocurrencies are not like the Dutch Tulip Craze. In fact, we're still in the early days of the cryptocurrency boom.\n\nAccording to billionaire hedge fund manager Mike Novogratz, the entire crypto market is set to become 25-times larger in the next 5 years. That would be a 2,400+% rise from today. (And he's putting his money where his mouth is. Novogratz recently put 10% of his net worth into crypto assets.)\n\nThat means this asset class still has plenty of room to run... and there's still time for you to join the ride.\n\nWhat I'm about to share with you could be very valuable.\n\nLike the internet before them, cryptocurrencies have the potential to reshape the economy... And they offer a rare opportunity for ordinary individuals to make life-changing gains.\n\nThe Cryptocurrency Ecosystem\n\nTo kick off your education, you need to understand there are two types of crypto assets: cryptocurrencies and utility coins (also called app coins).\n\nThink of cryptocurrencies as the digital equivalent of traditional fiat currencies such as dollars, euros, and pounds.\n\nYou can use them as a medium of exchange or to store value. The only difference is they're exchanged over the blockchain.\n\nThink of utility coins as crypto-equities. They're like buying shares in IBM, Walmart, or Apple. Instead, you're buying a stake in a blockchain venture.\n\nCryptocurrencies and utility coins are similar in that they both operate on a blockchain.\n\nThe blockchain is like an online public ledger. It's used to track cryptocurrency transactions.\n\n[Blockchain is a public ledger of all cryptocurrency transactions executed. It's a shared network that can move value around and represent property ownership.]\n\nNow that you know the two types of crypto assets, let me explain how each works...\n\nA New Form of Money\n\nCryptocurrencies are the crypto asset that most folks are familiar with. So, we'll dive into this one first.\n\nThe most common cryptocurrencies is Bitcoin.\n\nIt was created to act as alternatives to fiat (paper) money.\n\nTwo frequent questions we get are why would anyone buy a cryptocurrency that's backed by nothing and can be created by anyone.\n\nThese aren't only fair questions, but smart ones.\n\nHere's the thing to remember about money: It's whatever people mutually agree it is.\n\nIn the past, beads, cowrie shells, silver, gold, and of course paper, have all been used as money.\n\nYou'll notice that none of them have any intrinsic value.\n\nAt the end of the day, a sack of flour has more practical value than a $100 bill or even a bar of gold.\n\nAnd yet, we value both far more than a sack of flour. That's the mutual agreement we've all come to.\n\nWhen you think about it, it's not that rational.\n\nHow does a piece of green paper or a bar of yellow metal hold more value to a human than a sack of flour that can be used to feed a family for weeks?\n\nBecause we all agree it does.\n\nIn my opinion, paper currency may be the most irrational form of money in human history. At least you can decorate yourself with gold, silver, beads, and cowrie shells.\n\nNot only that... There's a limit to how much gold, silver, and shells that can be found. There's no limit on the amount of paper money that can be created.\n\nThe closest thing to true money (outside of food) is gold. Gold meets several historical rules that we use to judge value.\n\nIt's prized for its beauty. It's difficult to find. It's expensive to extract. It's also a scarce resource.\n\nBut there are problems with gold, too.\n\nWe have to trust that the refineries that certify the gold's purity are telling the truth.\n\nGold is also difficult to transfer (think of carrying around bags of gold coins or chests of gold bars).\n\nAnd that makes it virtually useless as a practical medium of exchange in daily life.\n\nWhat I mean is you can't buy a new car, house, or even a book with gold bars.\n\nHere's How Cryptocurrencies Are Creating Value\n\nWell-designed cryptocurrencies have many features that humans look for when measuring value. Let's talk about them now.\n\nPre-Programed Scarcity\n\nCryptocurrencies like Bitcoin are pre-programmed to create a set amount of coins. Once this limit is reached, no new coins will be created. This creates scarcity.\n\nFor instance, the algorithm that governs Bitcoin will create no more than 21 million Bitcoins.\n\nThink about this... There are 35 million millionaires in the world. That means if every millionaire wanted to own an entire Bitcoin, they wouldn't be able to.\n\nThere literally is not enough to go around.\n\nContrast that with paper money.\n\nWith paper money, there's no limit to how much can be created. However, gold is finite. That limits how much new gold can be refined each year.\n\nYou can see that cryptocurrencies actually have more in common with gold than with paper money.\n\nDifficult to Counterfeit\n\nCryptocurrencies rely on a technology called the \"blockchain.\"\n\nThis blockchain uses cryptography to secure transactions. These complex mathematical algorithms make counterfeiting cryptocurrencies almost impossible.\n\nNow, compare that to cash.\n\nIt's estimated that almost a quarter-billion dollars of counterfeit paper money sloshes around the U.S. every year.\n\nWhat about gold?\n\nFake gold will never fool an expert. But counterfeit gold could be passed off to someone with an untrained eye.\n\nCryptocurrencies share two important criteria that give value to traditional assets: scarcity and irreproducibility (hard to counterfeit).\n\nThese are necessary to create value. But you need something else, too...\n\nA Final Criterion\n\nFor a thing to have value, it needs one final thing: Some form of utility.\n\nEven art (which some will argue is worth little more than the sum of its parts), creates massive utility by stirring deep emotions in the hearts of people that can appreciate it.\n\nThat emotional response is a very valuable form of utility. It's the reason people spend billions on art annually.\n\nSo, what type of utility do cryptocurrencies provide?\n\nRapid Transfer of Funds\n\nUnlike the transfer of gold or even cash, cryptocurrencies can transfer value almost instantly. And they can do it at very low costs.\n\nOn the Bitcoin network, you can send $50,000 for about $3. The receiver will get it in about 10 minutes.\n\nCompare that to a traditional wire transfer.\n\nThe fastest I've seen a wire hit is 24 hours. The cost to send a domestic wire can vary from $35 to $70. International wires can eat up 1%-15% of the total amount of money sent.\n\nAs far as sending gold, it takes 3-14 days domestically and is very expensive.\n\nSo, being able to quickly send money anywhere in the world is a very valuable utility that cryptocurrencies possess.\n\nFree from Government Control\n\nOver the years, both gold and cash have been either confiscated or severely restricted through capital controls.\n\nCapital controls are government restrictions on your ability to access or move your money.\n\nEven here in the U.S., we have capital controls. For instance, you can't just stroll through airport security with more than $10,000 in cash.\n\nUnless you declare it, you're breaking the law.\n\nEven though it's our money, the government insists we report when and where we're moving it. This is an outrageous demand that we accept because there are no alternatives.\n\nThat is until cryptocurrencies came around.\n\nWith cryptocurrencies, we are in complete control of our own funds. We can store them on our own devices free from government intervention.\n\nIf you store your cryptocurrencies properly, it is impossible for the government to confiscate or control them.\n\nThis is a truly liberating utility that is very valuable.\n\nHighly Secure Decentralized Payment Network\n\nOne common criticism of cryptocurrencies is that anyone can make one. How can something have value if you can create a currency with just a few lines of code?\n\nThis criticism is spot on.\n\nBut remember, anyone can buy a printing press and start making his or her own paper money. What stops people is that no one would use it. The same is true in crypto. Only currencies that gain widespread adoption actually take off.\n\nOne of the ways we measure this widespread adoption is by looking at the number of computers that are in a cryptocurrency network. For instance, more than 7,000 separate computers are running the Bitcoin blockchain.\n\nThat widespread adoption is a vote of confidence by the market. It's a way for us to objectively identify \"good\" cryptocurrencies from bad ones.\n\nAs the network of users grows, so does the volume of cryptocurrency being transacted. This in turn creates a network effect that snowballs.\n\nFor instance, $143 million per day of Bitcoin changed hands in 2016. Today, it's over $4 billion per day.\n\nThe widespread use of this currency is giving it value. Thousands of people are coming together and agreeing to exchange goods and services for Bitcoin.\n\nThat is the true test for any currency. Are people accepting it? The answer is a resounding yes.\n\nFor these reasons, we believe you'll see more people continue to adopt cryptocurrencies like Bitcoin.\n\nThey offer utility that neither cash nor gold can.\n\nA Second Type of Crypto Asset\n\nEarlier, I told you there are two types of crypto assets. The first is cryptocurrencies (which I've just explained to you).\n\nThe second type of crypto asset goes by several names. Some folks call them \"application coins\" others call them \"utility coins.\"\n\nThe terms are interchangeable.\n\nSo, what is a utility coin?\n\nA utility coin is a crypto asset that is used to secure or deliver a service.\n\nOur biggest gains have come from investing in utility coins.\n\nThat's why I want to spend the rest of this email talking about them. If you can understand how utility coins work, you can make a fortune in them.\n\nIn my Palm Beach Confidential service, I have readers that are transforming $300 investments into six-figure windfalls by getting in early on utility coins.\n\nThree Themes Driving the Value of Utility Coins\n\nOver 2017, I've been to conferences in Silicon Valley, Boston, Austin, Las Vegas, New York City, Berlin, London, and Copenhagen.\n\nDuring these conferences, I've met with hundreds of people. I've met crypto project founders, venture capitalists, government regulators, central bankers, Fortune 500 executives, hedge fund managers, and digital currency miners.\n\nThese are the three primary themes that are driving their research, development, and investment decisions:\n\nFat protocols\nInteroperability\nScaling\nIf you don't know what these terms mean, don't worry. I'll explain each for you right now.\n\nTheme 1: Fat Protocols\n\nWhat is a \"fat protocol\"?\n\nI had to ask myself the same question.\n\nI stumbled upon this theme at the Consensus 2017 event in New York City in late May. And I heard about fat protocols in more detail in Berlin.\n\nLet's start with protocol. In the technology world, a protocol is a set of rules.\n\nFor instance, the internet is governed by two protocols: TCP and IP.\n\nTCP stands for transmission control protocol. This is a set of rules that governs the exchange of packets of data over the internet.\n\nIP stands for internet protocol. This is a set of rules that governs sending and receiving data at the internet address level.\n\nIP by itself is something like the postal system. It allows you to address a package and drop it in the system, but there's no direct link between you and the recipient. TCP/IP, on the other hand, establishes a connection between two hosts, so they can send messages back and forth for a period of time.\n\nNobody owns TCP/IP. But imagine if someone did. How valuable would the protocols be?\n\nThink about this...\n\nAccording to a Harvard Business Review article, more than half the world's most valuable public companies have built business models on TCP/IP.\n\nThat's $5.4 trillion dollars in value traced right back to TCP/IP.\n\nThink of the biggest names in the internet space: Amazon, Google, Facebook, Priceline, eBay, Netflix, Uber, etc... They are applications, not protocols.\n\nIn short:\n\nApplications (or \"apps\") are computer programs that run specific tasks. They include simple desktop apps like calculators, clocks, and word processors to mobile apps like media players, games, instant messengers, and maps.\n\nGoogle's YouTube, Facebook's Messenger, and Microsoft Word are examples of popular web applications. Companies own their applications.\n\nProtocols are the rules computers use to communicate with each other. TCP and IP are examples of widely used protocols. Unlike applications, no one owns computer or internet protocols.\n\nFor instance, the Ethereum platform has created a protocol for the issuance of crypto tokens (among many other things).\n\nEthereum has created rules that make it easy to launch and manage digital tokens. That's why more than 50% of new tokens coming to market are using the Ethereum platform.\n\nAs more projects are launched on the Ethereum network, the demand for ether tokens increases.\n\nSaid another way, the more the protocol is used, the more valuable the ether tokens become.\n\nThese protocols are called \"fat\" because most of the economic value and profits will be captured at the protocol level.\n\nAll the tokens launched on the Ethereum platform are only worth $6.8 billion. But the Ethereum platform itself is now worth $34 billion.\n\nEven as more and more companies go \"public\" on the Ethereum platform, we think Ethereum will be more valuable than the applications that end up running on it.\n\nThe reason is that the more the protocol is used, the more demand is generated for the underlying protocol token. That's how utility coins like ether gain their value.\n\nTheme 2: Interoperability\n\nHundreds of new blockchain ledgers are emerging. On top of that, there are hundreds of established centralized ledgers and payment networks.\n\nThese established payment channels are used by banks and payment providers. We're talking about giants like JPMorgan, PayPal, Visa, and MasterCard.\n\nAs the world migrates from a centralized to a decentralized model, how do you get these different networks to communicate with one another?\n\nThis is a huge problem. That's why we think the next boom will be in companies that allow different ledgers to \"talk\" to each other.\n\nImagine there's an English speaker, German speaker, and French speaker in the same room. And no one speaker understands any other speaker. This is the problem right now with blockchains and payment networks.\n\nThey all \"speak\" different languages.\n\nBut what if somebody could create a technology that would allow these different languages to understand one another?\n\nIn the tech world, this is called \"interoperability.\"\n\nThe Difference Between Financial Ledgers and Blockchain Ledgers\n\nToday's financial system requires a lot of overlap. Financial institutions spend a lot of time and money maintaining their systems and even more time and money making sure their systems agree with other systems on common facts.\n\nThis is done so that there is no single point of control or single point of failure. The solution is decentralization. It eliminates single points of failure and the necessity for each institution to duplicate the data.\n\nImagine a version of eBay or PayPal that can work with virtually any digital or fiat payment system. That's the goal of interoperability.\n\nHere's the key takeaway: The utility coins that are building in easy-to-use interoperability will be the ones that become highly valuable.\n\nTheme 3: Scaling\n\nWhile in Berlin, I met a group of executives from drug giant Merck.\n\nThese folks oversee Merck's European innovation group. They are tasked with identifying and getting management \"buy-in\" on implementing innovative technology.\n\nThey have a terrific grasp of the blockchain. They know it could potentially save Merck millions of dollars in costs.\n\nThe problem is none of the current blockchain platforms scale. Meaning they just can't operate at the speed and level of complexity Merck requires. This is a common complaint. I've heard it from executives in London, Boston, Silicon Valley, New York City, and now Berlin.\n\nThe two most popular blockchains, Bitcoin and Ethereum, can only handle seven and 15 transactions per second, respectively. Like the old 56k telephone modems of the '90s, that's awful. But it would be a mistake to think that it will stay that way forever.\n\nJust as those modems eventually transformed into the high-speed internet we enjoy today, it's only a question of time before Bitcoin and Ethereum crack the scaling problem.\n\nBringing It All Together\n\nThe future for cryptocurrencies and utility coins is bright.\n\nAs more people look to take control of their money, they'll turn to cryptocurrencies like Bitcoin and others.\n\nAs I track the developments in fat protocols, interoperability, and scaling, I'm seeing more and more widespread adoption of utility coins like ether and many others.\n\nBut remember: These are still very early days.\n\nWe'll see massive volatility ahead. It's unavoidable. The key to thriving in the chaos of the early days of a new technology is to remain rational.\n\nFriends, hear me when I tell you that it is irrational to expect the crypto market to be stable.\n\nAny market this new is highly unstable. The way we manage and profit from that instability is to use small position sizes. With crypto assets, we rely on asymmetric risk.\n\nWith crypto we can swing for the fences without putting the rest of our existing wealth at risk. This is a rare opportunity for ordinary people to make life-changing gains without having to take life-changing risk.\n\nThat means we risk a small amount of money for a massive potential payoff. This strategy is working well for my readers.\n\nThe best part is this trend is just beginning. Right now, the entire crypto market is valued at about $195 billion. Novogratz, the hedge fund billionaire I mentioned earlier, sees the entire market growing to $5 trillion. That's 2,400+% upside ahead.\n\nThat means we have many more opportunities in front of us to make life-changing gains.\n\nSo get out there. At the very least, buy some Bitcoin and Ethereum.\n\nRemember, you don't have to own a whole Bitcoin. You can own just a fraction of a coin.\n\nAnd as all these developments unfold – along with others like them – I'm confident that one day you'll be grateful you took action.\n\nLet the Game Come to You!",
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      "body": ">I don't care what you think! \n\n>So I started this blog and social media campaign to show you that your inability to keep your politics to yourself, has consequences.\n\nContradict yourself much?\n\n*[Cg](https://steemit.com/@cryptogee)*",
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      "body": "I'm not a Democrat or Republican...I am an American and want what's best for Americans and the country.\n\nTrump is not perfect, but I think he has the country's best interest at heart. I believe him when he says he wants to Make America Great Again. I want that too. If you are like-minded, read on. \n\nLike most people, I enjoy sports, movies, television, and music. The athletes, actors, and singers that become big stars are usually very talented. It is very disappointing to me to hear them so vigorously attack the President. \n\nDear Athletes, Actors, and Singers,\n\nI don't care what you think! Do your job and entertain the public. We love you when you do and you are very well-compensated with adulation and money for doing so. I am a big fan of many pro athletes, TV and Movie actors and it honestly breaks my heart every time I hear one of them come out and start bashing the president. It just keeps happening with seemingly a new one each day. My question is why? You really think you're going to sway votes? You're not. All you do is piss off roughly half your fan base. It seems like a very stupid thing to do. \n\nSo I started this blog and social media campaign to show you that your inability to keep your politics to yourself, has consequences. The ongoing list is of athletes, actors, singers, media and even companies that have come out strongly against Trump and his effort to Make America Great Again.  I'm not talking about celebrities that have signed a petition or some other small gesture; I'm talking about the ones that are out there in the media bashing him publicly every chance they get. I am going to boycott them and their products. If you are as disgusted and disappointed as I am, then I ask you to join me in this boycott. I also ask you to help me identify those who you think should be added to this list.\n\nMadonna\nAlec Baldwin\nMeryl Streep\nRobert De Niro\nLena Dunham\nMark Ruffalo\nAmerica Ferrera\nJohnny Depp\nSarah Silverman\nChelsea Handler\nJohn Oliver\nCher\nMiley Cyrus\nRosie O’Donnell\nSeth Meyers\nBarbra Streisand\nTrevor Noah\nCharlie Sheen\nStephen Colbert\nChrissy Teigen\nJohn Legend\nKaty Perry\nJennifer Lawrence\nAmy Schumer\nLady Gaga\nDebra Messing\nRose McGowan\nAshley Judd\nSnoop Dog\n\nThere are many 'B' and 'C' celebrities that could get added to this list, but I figure they'd love the publicity.",
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      "body": "I'm not a Democrat or Republican...I am an American and want what's best for Americans and the country.\n\nTrump is not perfect, but I think he has the country's best interest at heart. I believe him when he says he wants to Make America Great Again. I want that too. If you are like-minded, read on. \n\nLike most people, I enjoy sports, movies, television, and music. The athletes, actors, and singers that become big stars are usually very talented. It is very disappointing to me to hear them so vigorously attack the President. \n\nDear Athletes, Actors, and Singers,\n\nI don't care what you think! Do your job and entertain the public. We love you when you do and you are very well-compensated with adulation and money for doing so. I am a big fan of many pro athletes, TV and Movie actors and it honestly breaks my heart every time I hear one of them come out and start bashing the president. It just keeps happening with seemingly a new one each day. My question is why? You really think you're going to sway votes? You're not. All you do is piss off roughly half your fan base. It seems like a very stupid thing to do. \n\nSo I started this blog and social media campaign to show you that your inability to keep your politics to yourself, has consequences. The ongoing list is of athletes, actors, singers, media and even companies that have come out strongly against Trump and his effort to Make America Great Again.  I'm not talking about celebrities that have signed a petition or some other small gesture; I'm talking about the ones that are out there in the media bashing him publicly every chance they get. I am going to boycott them and their products. If you are as disgusted and disappointed as I am, then I ask you to join me in this boycott. I also ask you to help me identify those who you think should be added to this list.\n\nMadonna\nAlec Baldwin\nMeryl Streep\nRobert De Niro\nLena Dunham\nMark Ruffalo\nAmerica Ferrera\nJohnny Depp\nSarah Silverman\nChelsea Handler\nJohn Oliver\nCher\nMiley Cyrus\nRosie O’Donnell\nSeth Meyers\nBarbra Streisand\nTrevor Noah\nCharlie Sheen\nStephen Colbert\nChrissy Teigen\nJohn Legend\nKaty Perry\nJennifer Lawrence\nAmy Schumer\nLady Gaga\nDebra Messing\nRose McGowan\nAshley Judd\nSnoop Dog\n\nThere are many 'B' and 'C' celebrities that could get added to this list, but I figure they'd love the publicity.",
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