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      "body": "Thinking of an epsom salt bath? \n\n\n\nScience writer Paul Ingraham couldn't find a single scientific paper on the effects of epsom salt on body pain. \n\n\n\nThe [Epsom Salt Council](https://www.epsomsaltcouncil.org/health/doctors-tips-on-the-growing-problem-of-magnesium-deficiencies//) claims \"Epsom salt has a range of uses and benefits – whether you’re a supermodel, a top athlete, a gardener or someone who wants to de-stress and improve your health.\" \n\n<center>![Epsom Salt baths.PNG](https://steemitimages.com/DQmZJBScbbNP9GJnnHUjnNzWHeZLZZACPLFFfXfRdmHt71g/Epsom%20Salt%20baths.PNG)</center>\n<center>*Illustration from Ingraham's article, [Does Epsom Salt Work?](https://www.painscience.com/articles/epsom-salts.php)*</center>\n\nBeing a mere \"someone,\" I had time to look up whether epsom salt baths actually work.  \n\n\n\nThe Epsom Salt Council quotes a few doctors, but doesn't reference any studies.\n\n\n\nAccording to Ingraham, there's not a shred of evidence that epsom salt can get through the skin, and even if it did, that it would have any effect on muscle soreness. There's not even enough evidence to form a compelling hypothesis in this direction.\n\n\n\n\"It’s really surprisingly difficult to say whether or not a given biological effect is “good” — it’s almost never that simple,\" writes Ingraham.\n\n\n\nThe same goes for many business decisions. It would be wise to take many trends with a grain of salt--big trends like open workspaces, eliminating telecommuting, agile software development, dispensing of org charts, and disproportionately high pay for CEOs. Do these approaches really work, or are they epsom salt baths?\n\nAs for taking that epsom salt bath, salt feels silky, so you might enjoy one, but a regular bath will do as well. \n\nIngraham does have a good working hyptothesis: \"Post-exercise muscle soreness is probably the leading cause of hot baths.\"\n\nRead Ingraham's full article here:\n\n[Does Epsom Salt Work?](https://www.painscience.com/articles/epsom-salts.php)",
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      "body": "Prophets hail from from unexpected places, in this case the multidisciplinary halls of Microsoft Research. \n\n>\"We cannot have a society in which if two people wish to communicate, the only way that can happen is if it's financed by a third person who wishes to manipulate them,\" says Jaron Lanier, founder of the world's first company to sell virtual reality products. \n\nLanier is referring to the current model of Google and Facebook, which is based on advertising and spying. \n\nCranks, paranoids, cynics and nihilists rule in a social-media world fueled by advertising, he continues. The mistake we made in the 90s was to adopt the advertising model. At first it was \"cute,\" says Lanier. But now it's killing us. \n\n<center>![Lanier.PNG](https://steemitimages.com/DQmdwoki7n4Hn7UPuAmDPpgocZrESZo4544GTNcS1aHoKQb/Lanier.PNG)</center>\n<center>*Lanier says the current models of Google and Facebook have to change.*</center>\n\nLanier suggests we make the switch to individuals paying for their content, just like with TV subscriptions: \"Sometimes when you pay for things, things get better.\"\n\nFacebook and Google are no longer social media companies, he laments. They are \"behavioral modification empires.\" But he professes his love for the people running those companies.  \"We don't need to punish Silicon Valley. We just need to remake the decision.\"\n\nIf companies won't change, though,  Lanier suggests we give them a big nudge: \"Delete your accounts.\"",
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      "body": "@@ -1,39 +1,4 @@\n-*by A. Horrigan*%0A*April 12, 2018*%0A%0A\n %3EThe\n@@ -103,16 +103,51 @@\n  use. %0A%0A\n+*by A. Horrigan*%0A*April 12, 2018*%0A%0A\n It is no\n",
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      "author": "futurehuman",
      "body": "@@ -28,16 +28,126 @@\n  2018*%0A%0A\n+%3EThe good news is there are plenty of alternatives right now to Facebook and the other applications we use. %0A%0A\n It is no\n",
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      "author": "syaifajoe",
      "body": "Get Free Daily Upvotes! http://cutt.us/k5Rod",
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      "author": "futurehuman",
      "body": "*by A. Horrigan*\n*April 12, 2018*\n\nIt is now clear that Facebook data and sophisticated analytics have been used to profile and psychologically influence voters. \n\nThe public is awakening to the dangers of personal data profiling, which can aid con artists, hackers and election consultants alike in a wide range of manipulations and fraud.\n\nCambridge Analytica harvested personal information from Facebook profiles of millions without permission of users, in one of the largest data leaks in history. Facebook head Mark Zuckerberg says he doesn't recall any conversations he might have had about whether to tell the public about the data breach.\n\nThe good news is there are plenty of alternatives right now to Facebook and the other applications we use. We can protect our privacy and that of the nation's children if we want to. \n\nData goes stale quickly, so even if we are already heavily profiled, by backing out of the applications we use now, in a couple of years our data can be our own once again.\n\nHere's a list of applications you can switch to now, and tools you can employ, to take back your privacy:\n\n* [Signal](https://www.signal.org/), for encrypted mobile phone messaging (download from Android and Apple app stores and start using right away -- very easy)\n* [ProtonMail](https://protonmail.com/) for encrypted email (free and as easy to use as gmail)\n*  [Duckduckgo.com](https://duckduckgo.com/) or [Tor](https://www.torproject.org/) Browser for non-tracked web searches\n*  [Steemit](https://steemit.com), a direct competitor to Facebook based on blockchain technology -- no spying or advertising, and you can even earn some cryptocurrency by posting and commenting.\n*  [Secure home routers](https://www.routersecurity.org/SurfSOHOinitialconfiguration.php) to prevent hacking through modems and IoT devices\n\nAnd, we can  [pay for our news](https://www.americanpressinstitute.org/publications/reports/survey-research/paying-for-news/). Paid subscriptions let publications employ investigative journalists like Matthew Rosenberg, Nicholas Confessore and Carole Cadwalladr to research, fact-check and write informative articles like this one: \n\n[How Trump Consultants Exploited the Facebook Data of Millions](https://www.nytimes.com/2018/03/17/us/politics/cambridge-analytica-trump-campaign.html)",
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      "author": "mohdmohsin",
      "body": "## Try Our Service Before Buy🎁\n* **Exclusive 30 days free upvotes to your every new post.** \n* **Limited Time Offer**\n* **No need to send any kinds of steem or sbd its full free service.**\n _**we have paid service too so please check them too. Active the free upvote service and learn more about it here : [JOIN NOW ](http://nullrefer.com/?http://bit.ly/2qr0lQf)**_",
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      "author": "futurehuman",
      "body": "In light of the recent Facebook scandal, here's a delightful video on the origins of \"snake oil,\" courtesy of Consumer Reports. \n\nSnake oil led to the formation of the U.S. Food and Drug Administration (FDA) to protect Americans from unsafe medication. \n\nPerhaps it's time for a Digital Platform Administration (DPA) to protect us from unsafe networks.\n\nOr perhaps massively adopted #blockchain-based alternatives like #Steemit will render a DPA unnecessary.\n\nhttps://youtu.be/LaDsOJATX3A",
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      "body": "Good question. I'm not sure of the count. It's probably a very small number of people, but there is a core group that has made money on cryptocurrency investing and has decided to resettle there for tax reasons and to work with the Puerto Rican government and organizations to build a new society that is crypto-friendly.",
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      "author": "futurehuman",
      "body": "*by A. Horrigan*\n*April 3, 2018*\n\nThis is such a stunning article about #Puerto Rico, by Naomi Klein in the Intercept. It outlines the forces that are rapidly transforming the island in the aftermath of the hurricane, on top of years of economic duress.\n\n\n\nIt critiques the crypto-millionaires who are flocking there for tax breaks and who Klein reports are allied with a privatization push by the government. The electric grid is being privatized and public schools shuttered. Some aid has arrived in the form of boxes of Skittles. \n\n![Intercept article on Puerto Rico.PNG](https://steemitimages.com/DQmfSwikt6ysRcMgT1PX45s4grPn8dduavTutzU5zT6NXVT/Intercept%20article%20on%20Puerto%20Rico.PNG)\n\n\nIn the midst of all this, there is a groundswell of solar energy projects, diversified organic farming, food kitchens and community-built schools among Puerto Ricans, making this story so compelling.\n\n\n\nI think it's important to distinguish #cryptocurrency and #blockchain technology from the actions of a small group of wealthy cryptocurrency investors. Blockchain technology is all about decentralization, self-sufficiency in food, energy and land, as well as preventing graft. \n\nPerhaps teach people to use crytpocurrency wallets and ask for aid directly--so, for example, intermediaries can't spend the money on Skittles. \n\nAs the article notes, the speed of capital is fast, and so is cryptocurrency. \n\nThe article: [The Battle for Paradise: Puerto Ricans and Ultrarich “Puertopians” Are Locked in a Pitched Struggle Over How to Remake the Island](https://theintercept.com/2018/03/20/puerto-rico-hurricane-maria-recovery/)",
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      "author": "futurehuman",
      "body": "@@ -691,20 +691,28 @@\n  (See %5B%22\n-Some\n+Blockchain's\n  Simple \n@@ -724,88 +724,84 @@\n mics\n- of the Blockchain%22%5D(https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2874598\n+%22%5D(https://steemit.com/blockchain/@futurehuman/blockchain-s-simple-economics\n )) .\n",
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      "body": "@@ -1,16 +1,50 @@\n+*by A. Horrigan*%0A*April 2, 2018*%0A%0A\n Ezra Klein asks \n",
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      "body": "Ezra Klein asks excellent questions in this probing [interview](https://www.vox.com/2018/4/2/17185052/mark-zuckerberg-facebook-interview-fake-news-bots-cambridge) with Facebook's Mark Zuckerberg published today on Vox.com, save for two things:\n\n1. Klein's obsequious introduction citing \"Zuckerberg’s optimism about human nature,\" as if that is a matter of fact\n2. Klein does not ask about decentralization of networks and business models using blockchain technology, one of the 21st Century's most ground-breaking inventions, a general-purpose technology that can solve the \"Facebook problem\" once and for all by making Facebook and its ilk simply go away (See [\"Some Simple Economics of the Blockchain\"](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2874598)) . \n\nI can understand the first faux pas: Zuckerberg might not grant future interviews without at least some peasant groveling. But the second is a complete mystery to me.\n\nNevertheless, the interview is replete with thoughtful questions.  Here are a few highlights of Zuckerberg's confidence-man replies. \n\n> To paraphrase Klein's question on Zuckerberg's barefaced denial of Russian influence: When you are lying, the problem isn't a lack of transparency. It's that you're lying.\n\n> To paraphrase Mark Zuckerberg's response: When you don't know what's going on, the problem isn't lying. It's that you're clueless.\n\nThese days, the silver-tongued Zuckerberg has a \"playbook\" for elections in the U.S. and other countries, and he's imagining \"almost like a Supreme Court\" to rule on acceptable speech.\n\nMegalomaniacally speaking, Zuckerberg elaborates: \"You can imagine some sort of structure, almost like a Supreme Court, that is made up of independent folks who don’t work for Facebook, who ultimately make the final judgment call on what should be acceptable speech in a community that reflects the social norms and values of people all around the world.\"\n\nAfter reading that, I was speechless.\n\n<center>![Facebook.PNG](https://steemitimages.com/DQmXUue6CkBiLQv9bWRoKUkggeAr3H9GnaJXxAdQkSaQWBG/Facebook.PNG)</center>\n<center>*Mark Zuckerberg calls his product a \"community,\" even though Facebook's users are its product and its business model is to sell users to advertisers.*</center>\n\nLater in the interview, Zuckerberg says, “Okay. Anyone who’s even remotely sketchy, no way are you going to be able to use our tools to monetize.” \n\nIn that light, Zuckerberg needs to stop using his tools to monetize--right now. (Refer back to his Supreme Court designs above and to his [2011 BBC interview](https://youtu.be/arlHqBKTC2o).)\n\nIf I must hear Zuckerberg call his product a \"community\" once more, please pass the Dramamine.  Apple's Tim Cook [said it plainly](https://www.recode.net/2018/3/28/17172212/apple-facebook-revolution-tim-cook-interview-privacy-data-mark-zuckerberg): Facebook sells users to advertisers. \n\nBut Mark Zuckerberg, who once called his users [\"dumb f*cks](http://gawker.com/5636765/facebook-ceo-admits-to-calling-users-dumb-fucks), begs to differ: \"I make all of our decisions based on what’s going to matter to our community and focus much less on the advertising side of the business.\" \n\nHmmm, I wonder if the other shareholders are aware of that. \n\nWait--maybe shareholders don't need any more advertising dollars. Klein asks Zuckerberg about a \"perception at Facebook that a lot of the critical coverage from the media comes from journalists angry that Facebook is decimating the advertising market that journalism depends on.\"\n\nOf course, Klein is being nice here. This is not simply a perception at Facebook--it's a fact that Facebook indeed has decimated the market for journalism. \n\nSome critics use a stronger word for the likes of Facebook and Google, which gobble up more than half of the world's digital advertising dollars: [\"Internet tapeworm.\"](http://www.thedrum.com/opinion/2016/12/01/dow-jones-chief-accuses-google-and-facebook-killing-news) \n\n<b>References</b>\n\n- [Mark Zuckerberg on Facebook’s hardest year, and what comes next](https://www.vox.com/2018/4/2/17185052/mark-zuckerberg-facebook-interview-fake-news-bots-cambridge), by Ezra Klein, Vox, April 2, 2018\n- [Mark Zuckerberg's interview with BBC in 2011, in which he stated he does not sell user's information (https://youtu.be/arlHqBKTC2o)\n- [Apple's Tim Cook describing Facebook's business model](https://www.recode.net/2018/3/28/17172212/apple-facebook-revolution-tim-cook-interview-privacy-data-mark-zuckerberg):  Facebook sells users to advertisers \n- [\"Internet tapeworm.\"](http://www.thedrum.com/opinion/2016/12/01/dow-jones-chief-accuses-google-and-facebook-killing-news)",
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      "body": "look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties and is now #1 on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. In my opinion, it will better than the proof of stake Vitalik is trying to change to. Doesn’t hurt to look at the contracts open source code at least. Don’t let the opportunity pass you by. \nhttps://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e\nhttps://powh.io/img/portfolio/gif3.gif",
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      "body": "A new paper out of MIT and the University of Toronto offers a bird's-eye view of blockchain economics, defined by greater network efficiency and a decentralized market design.  \n\n\"Some Simple Economics of Blockchain,\" by Christian Catalini and Joshua Gans, is a valuable read for blockchain business leaders. Its insights and economic phrasing can help explain the value of blockchain-based products to investors, business media and customers.\n\nThe upshot of the paper is that blockchain technology drastically increases the efficiency of distributed networks.  Network participants are able to share infrastructure without allowing platform operators to wield outsize market power.   \n\nIn public blockchains, platform operators essentially are automated. For network users, this translates into lower fees, greater privacy and less exposure to the risk of censorship. It also eliminates the problem of platform operators monopolizing the market.\n\n\n<h4>General Purpose Technology</h4>\n\n\n\"Blockchain technology allows a network of economic agents to agree, at regular intervals, on the true state of shared data,\" write Catalini and Gans.  That shared data can represent everything from currency and intellectual property to financial assets and contracts. \n\nBecause blockchain technology is able to represent data with great flexibility across many settings,  Catalini and Gans give it the distinction of a \"general purpose technology\" (GPT),  along with the steam engine, electricity and the internet. \n\n<center>![MIT cryptoeconomics lab.PNG](https://steemitimages.com/DQmXzNTQxHpadmfVPZek1RhUjihvg9Jy7bQ6aZNQtT36UVu/MIT%20cryptoeconomics%20lab.PNG)</center>\n<center><i>Blockchain is a general purpose technology (GPT) like the steam engine, electricity and the internet, say Caltalini and Gans, who are part of the new MIT Crytpoeconomics Lab.</i></center>\n\n\n<h4>Networks By and For Users</h4>\n\nFrom my reading of Catalini and Gans, platform operators such as Amazon, Facebook, Google and Twitter have amassed outsize  market power as the networks they own have expanded. This has spawned natural monopolies that lock in users and blockade the market for would-be innovative competitors. \n\nMonopolistic platform operators tend to compile and sell user data and raise fees, reducing the efficiency, privacy and security of the networks for users.  \n\nI would add to Catalini's and Gans's observations that we've seen many cases of networks such as Facebook continuously refining the network design, terms and conditions, and algorithms to further increase market power--a goal that is often at odds with serving user needs or is detrimental to users (e.g., fostering extremism, fake news, voter manipulation, internet addiction and loss of privacy).\n\nIn this dominant model, economic and social costs of networks continue to climb as innovation declines.\n\nIn contrast, open, permissionless blockchains--among the platforms I'm familiar with, for example, are  #Steemit (a #Facebook alternative where users earn tokens by contributing content), and #bitcoin (where miners earn bitcoin by contributing computing power)--do not produce outsize market power the way centralized networks do.  \n\nAs open blockchain networks grow, market power is distributed among users. The networks are more efficient, with automated verification and auditing of transactions. \n\n> <i>\"On these platforms, trust in a platform operator is replaced by trust in the underlying incentives, code and consensus rules. As a result, market power of the intermediary, privacy risk and censorship risk are drastically reduced. This is possible because blockchain technology decreases the cost of networking.\" -- Catalini and Gans </i>\n\nCatalini and Gans appear to suggest that gaining market power for a relatively small group of owners (consider, for example Mark Zuckerberg and Facebook shareholders) is not a goal for open blockchains. This makes sense, as open blockchains have no \"owners\" other than the users of the networks themselves. It naturally follows, therefore, that changes in fees, data scraping, and, I would add, network design and terms and conditions for network usage, would tend to better favor users. \n\n<h4>Checks and Balances</h4>\n\nIf bad actors attempt a power grab on a blockchain network, participants can replicate the network's underlying open-source code and split off like an amoeba (to \"fork,\" in blockchain terms) and re-establish the original purpose of the network to serve network participants. \n\nIn this decentralized market model, the market remains open to \"permissionless innovation,\" note Catalini and Gans. The barriers to entry are low and start-ups can compete directly with popular platforms.  \n\nOpen blockchains also help to solve the growing problem of privacy and security. The Equifax and Target data hacks and Cambridge Analytica's Facebook data scraping are examples of this threat.\n\nIn cases where personal data needs to be shared for online transactions, the distributed nature of blockchains can guard against information leakage simply by the fact that the information is not stored on central servers.  Blockchain technology also can facilitate more selective methods of sharing information on a need-to-know basis.  \n\n\n\n\n<b>Resources</b>\n\n- [\"Some Simple Economics of Blockchain\"](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2874598), by Christian Catalini (MIT) and Joshua Gans (University of Toronto): free download with sign-up\n\n- Cathy Barrera, PhD's write-up on the paper: [\"The Blockchain Effect: Network Effects without Market Power Costs\"](https://medium.com/mit-cryptoeconomics-lab/the-blockchain-effect-86bd01006ec2)\n\n- The  new [MIT Cryptoeconomics Lab](https://ce.mit.edu/)",
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      "body": "John Oliver explains it all— cryptocurrencies are everything you don’t understand about money combined with everything you don’t understand about computers.\n\nhttps://youtu.be/g6iDZspbRMg",
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      "body": "*by A. Horrigan*\n*11-Mar-2018*\n\n>*These are show notes from a live interview on WPKN radio with guest Joshua Ashley Klayman, hosted by Jim Motavalli and Alice Horrigan and aired February 27, 2018. [Full replay]( https://goo.gl/uyzgnc).*\n\nJoshua Ashley Klayman was working as a leveraged-finance corporate lawyer when she heard about bitcoin, and she didn't think much of it.  Then she got wind of \"smart contracts\" and how they can reduce legal spending through automation. \n\nHer firm, Morrison Foerster (MOFO), formed a blockchain and contracts group, and Klayman has become one of the best known blockchain lawyers in the world. She chairs the Wall Street Blockchain Alliance’s Legal Working Group.\n\nThe if-then logic of a smart contract on a blockchain is like a vending machine, notes Klayman. Put in money, get potato chips—completely automated.  \n\nThe difference is a smart contract has the potential to automate much more complex transactions. Missed your plane? Get your instant payment from the travel insurance company without even having to submit a claim. (The insurance company will know you missed your plane by tapping into the airline's database.)\n\n<h3>A Spider Web in the Basement</h3>\n\nThe law touches many areas of technology and blockchain is no exception, says  Klayman. \n\nLawyers help clients sort through a maze of issues and regulations related to digital tokens and cryptocurrencies, investment advising, securities, commodities, money transfers, intellectual property, general corporate law and more—“You name it,” says Klayman. \n\nThere often is no established precedent. \n\nKlayman likens the current regulatory environment to a rather unpleasant surprise in a dark basement: “When you go into a dark basement and it appears that everything’s clear...and you feel something on your cheek...and it's a spider web—that’s the regulations.”\n\n<center>https://youtu.be/IFZsVGkljDM</center>\n<center>*Blockchain lawyer Josh Klayman was interviewed on WPKN radio about the state of blockchain regulation, diversity and the social movement of decentralization. She likens blockchain regulation to bumping into a spider's web in the basement.  [Full interview]( https://goo.gl/uyzgnc)*</center> \n\nPart of the challenge is figuring out where we actually need laws. “In certain cases you might need to provide enabling legislation,” notes Klayman. But often “existing laws are enough.”\n\n<h3>The Mystery of the Token</h3>\n\nLawyers, lawmakers and regulators are trying to get a grasp on the fluid nature of a token. “There is no monolithic digital token,” says Klayman. Essentially it’s a string of numbers on a distributed ledger, like a credit card number, and you can ascribe many different values to it. \n\nFor example, you could say anyone with that string of numbers is able to buy a certain piece of software, or that they get $5.00. Or, that they can vote on something. \n\nThere are no bright-line rules. The tokens in token sales, or initial coin offerings ( ICOs)—a way to raise capital that has emerged with blockchain technology—are sometimes considered a security by federal law, and sometimes not. \n\n“Trying to figure out how those token sales fit into existing law” is a challenge, says Klayman.  \n\n<h3>A Movement Toward Decentralization</h3>\n\nFor Klayman, blockchain has come to mean a lot more than automation-enabling contracts.  It’s a movement toward decentralization, toward “having a seat at the table where people may not have had a seat previously--where you don’t have to go through an intermediary in order to transact business.”\n\n\"This is a great opportunity for people who are underrepresented to get involved,” says Klayman, citing as an example the potential for people to take control over their own personal data.\n\nAbout a recent New York Times article on the boy culture in the blockchain space, Klayman says, “It’s important to take stock and say, ‘Hey no, this is going to be different this time.'\" \n\nKlayman actively advocates for diversity in blockchain. She recently attended a Brooklyn symposium for women in blockchain, which inspired the formation of a new group, [The Collective Future](http://collectivefuture.io/) .  \n\n“The goal is to embrace diversity and find value in diversity.” And not just for women. “There are a lot of different kinds of diversity,” says Klayman, and “there are a lot of great men out there.” \n\n<h3> Resources</h3>\n\n* [Morrison Foerster profile of Joshua Klayman]( https://www.mofo.com/people/joshua-klayman.html)\n* [Wall Street Blockchain Alliance’s Legal Working Group](https://www.wsba.co/legal.html)\n* [The Collective Future](http://collectivefuture.io/)\n* [Women in Blockchain Global LinkedIn Group]( https://www.linkedin.com/groups/13557577/profile)\n* [Blockchain Technology Research Innovations Corporation (BTRIC)]( https://www.btric.org/)\n\n<h3>About the Show</h3>\n\n[Jim Motavalli](http://jimmotavalli.com/index.html) is a widely known freelance journalist, speaker, book author, radio personality and expert on all things environmental. He blogs weekly for The New York Times, Mother Nature Network, BNET and The Daily Green, is a regular contributor to The New York Times’  \"Automobiles\" section, and has a weekly syndicated \"Wheels\" column.  \n\n[Alice Horrigan](https://www.linkedin.com/in/alicehorrigan/) is a writer and creative content manager specializing in blockchain technology, with a background in journalism, business and IT communications, and a master's degree in cultural sociology. She recently started [blogging](https://steemit.com/@futurehuman) about blockchain and cryptocurrency on Steemit.\n\n[WPKN](https://www.wpkn.org/) is a 10,000-watt non-commercial, listener-supported radio station in the United States, founded in 1963. The station serves a potential listenership of 1.5 million in Connecticut, Long Island, and parts of New York and Massachusetts. Programs include music and alternative information, in an eclectic mix of free-form programming that seeks to serve those whose needs are not met by mainstream media in a unique and vibrant way.\n\nListen to the [full radio interview](https://goo.gl/uyzgnc) with Joshua Klayman.\n\nEnjoyed this article? Please upvote it, thank you!",
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      "body": "*by A. Horrigan*\n*11-Mar-2018*\n\n>*These are show notes from a live interview on WPKN radio with guest Joshua Ashley Klayman, hosted by Jim Motavalli and Alice Horrigan and aired February 27, 2018. [Full replay]( https://goo.gl/uyzgnc).*\n\nJoshua Ashley Klayman was working as a leveraged-finance corporate lawyer when she heard about bitcoin, and she didn't think much of it.  Then she got wind of \"smart contracts\" and how they can reduce legal spending through automation. \n\nHer firm, Morrison Foerster (MOFO), formed a blockchain and contracts group, and Klayman has become one of the best known blockchain lawyers in the world. She chairs the Wall Street Blockchain Alliance’s Legal Working Group.\n\nThe if-then logic of a smart contract on a blockchain is like a vending machine, notes Klayman. Put in money, get potato chips—completely automated.  \n\nThe difference is a smart contract has the potential to automate much more complex transactions. Missed your plane? Get your instant payment from the travel insurance company without even having to submit a claim. (The insurance company will know you missed your plane by tapping into the airline's database.)\n\n<h3>A Spider Web in the Basement</h3>\n\nThe law touches many areas of technology and blockchain is no exception, says  Klayman. \n\nLawyers help clients sort through a maze of issues and regulations related to digital tokens and cryptocurrencies, investment advising, securities, commodities, money transfers, intellectual property, general corporate law and more—“You name it,” says Klayman. \n\nThere often is no established precedent. \n\nKlayman likens the current regulatory environment to a rather unpleasant surprise in a dark basement: “When you go into a dark basement and it appears that everything’s clear...and you feel something on your cheek...and it's a spider web—that’s the regulations.”\n\n<center>https://youtu.be/IFZsVGkljDM</center>\n<center>*Blockchain lawyer Josh Klayman was interviewed on WPKN radio about the state of blockchain regulation, diversity and the social movement of decentralization. She likens blockchain regulation to bumping into a spider's web in the basement.  [Full interview]( https://goo.gl/uyzgnc)*</center> \n\nPart of the challenge is figuring out where we actually need laws. “In certain cases you might need to provide enabling legislation,” notes Klayman. But often “existing laws are enough.”\n\n<h3>The Mystery of the Token</h3>\n\nLawyers, lawmakers and regulators are trying to get a grasp on the fluid nature of a token. “There is no monolithic digital token,” says Klayman. Essentially it’s a string of numbers on a distributed ledger, like a credit card number, and you can ascribe many different values to it. \n\nFor example, you could say anyone with that string of numbers is able to buy a certain piece of software, or that they get $5.00. Or, that they can vote on something. \n\nThere are no bright-line rules. The tokens in token sales, or initial coin offerings ( ICOs)—a way to raise capital that has emerged with blockchain technology—are sometimes considered a security by federal law, and sometimes not. \n\n“Trying to figure out how those token sales fit into existing law” is a challenge, says Klayman.  \n\n<h3>A Movement Toward Decentralization</h3>\n\nFor Klayman, blockchain has come to mean a lot more than automation-enabling contracts.  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She recently attended a Brooklyn symposium for women in blockchain, which inspired the formation of a new group, [The Collective Future](http://collectivefuture.io/) .  \n\n“The goal is to embrace diversity and find value in diversity.” And not just for women. “There are a lot of different kinds of diversity,” says Klayman, and “there are a lot of great men out there.” \n\n<h3> Resources</h3>\n\n* [Morrison Foerster profile of Joshua Klayman]( https://www.mofo.com/people/joshua-klayman.html)\n* [Wall Street Blockchain Alliance’s Legal Working Group](https://www.wsba.co/legal.html)\n* [The Collective Future](http://collectivefuture.io/)\n* [Women in Blockchain Global LinkedIn Group]( https://www.linkedin.com/groups/13557577/profile)\n* [Blockchain Technology Research Innovations Corporation (BTRIC)]( https://www.btric.org/)\n\n<h3>About the Show</h3>\n\n[Jim Motavalli](http://jimmotavalli.com/index.html) is a widely known freelance journalist, speaker, book author, radio personality and expert on all things environmental. 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      "body": "*by A. Horrigan*\n*11-Mar-2018*\n\n>*These are show notes from a live interview on WPKN radio with guest Joshua Ashley Klayman, hosted by Jim Motavalli and Alice Horrigan and aired February 27, 2018. [Full replay]( https://goo.gl/uyzgnc).*\n\nJoshua Ashley Klayman was working as a leveraged-finance corporate lawyer when she heard about bitcoin, and she didn't think much of it.  Then she got wind of \"smart contracts\" and how they can reduce legal spending through automation. \n\nHer firm, Morrison Foerster (MOFO), formed a blockchain and contracts group, and Klayman has become one of the best known blockchain lawyers in the world. She chairs the Wall Street Blockchain Alliance’s Legal Working Group.\n\nThe if-then logic of a smart contract on a blockchain is like a vending machine, notes Klayman. Put in money, get potato chips—completely automated.  \n\nThe difference is a smart contract has the potential to automate much more complex transactions. Missed your plane? Get your instant payment from the travel insurance company without even having to submit a claim. (The insurance company will know you missed your plane by tapping into the airline's database.)\n\n<h3>A Spider Web in the Basement</h3>\n\nThe law touches many areas of technology and blockchain is no exception, says  Klayman. \n\nLawyers help clients sort through a maze of issues and regulations related to digital tokens and cryptocurrencies, investment advising, securities, commodities, money transfers, intellectual property, general corporate law and more—“You name it,” says Klayman. \n\nThere often is no established precedent. \n\nKlayman likens the current regulatory environment to a rather unpleasant surprise in a dark basement: “When you go into a dark basement and it appears that everything’s clear...and you feel something on your cheek...and it's a spider web—that’s the regulations.”\n\n<center>https://youtu.be/IFZsVGkljDM</center>\n<center>*Blockchain lawyer Josh Klayman was interviewed on WPKN radio about the state of blockchain regulation, diversity and the social movement of decentralization. She likens blockchain regulation to bumping into a spider's web in the basement.  [Full interview]( https://goo.gl/uyzgnc)*</center> \n\nPart of the challenge is figuring out where we actually need laws. “In certain cases you might need to provide enabling legislation,” notes Klayman. But often “existing laws are enough.”\n\n<h3>The Mystery of the Token</h3>\n\nLawyers, lawmakers and regulators are trying to get a grasp on the fluid nature of a token. “There is no monolithic digital token,” says Klayman. Essentially it’s a string of numbers on a distributed ledger, like a credit card number, and you can ascribe many different values to it. \n\nFor example, you could say anyone with that string of numbers is able to buy a certain piece of software, or that they get $5.00. Or, that they can vote on something. \n\nThere are no bright-line rules. The tokens in token sales, or initial coin offerings ( ICOs)—a way to raise capital that has emerged with blockchain technology—are sometimes considered a security by federal law, and sometimes not. \n\n“Trying to figure out how those token sales fit into existing law” is a challenge, says Klayman.  \n\n<h3>A Movement Toward Decentralization</h3>\n\nFor Klayman, blockchain has come to mean a lot more than automation-enabling contracts.  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She recently attended a Brooklyn symposium for women in blockchain, which inspired the formation of a new group, [The Collective Future](http://collectivefuture.io/) .  \n\n“The goal is to embrace diversity and find value in diversity.” And not just for women. “There are a lot of different kinds of diversity,” says Klayman, and “there are a lot of great men out there.” \n\n<h3> Resources</h3>\n\n* [Morrison Foerster profile of Joshua Klayman]( https://www.mofo.com/people/joshua-klayman.html)\n* [Wall Street Blockchain Alliance’s Legal Working Group](https://www.wsba.co/legal.html)\n* [The Collective Future](http://collectivefuture.io/)\n* [Women in Blockchain Global LinkedIn Group]( https://www.linkedin.com/groups/13557577/profile)\n* [Blockchain Technology Research Innovations Corporation (BTRIC)]( https://www.btric.org/)\n\n<h3>About the Show</h3>\n\n[Jim Motavalli](http://jimmotavalli.com/index.html) is a widely known freelance journalist, speaker, book author, radio personality and expert on all things environmental. He blogs weekly for The New York Times, Mother Nature Network, BNET and The Daily Green, is a regular contributor to The New York Times’  \"Automobiles\" section, and has a weekly syndicated \"Wheels\" column.  \n\n[Alice Horrigan](https://www.linkedin.com/in/alicehorrigan/) is a writer and creative content manager specializing in blockchain technology, with a background in journalism, business and IT communications, and a master's degree in cultural sociology. She recently started [blogging](https://steemit.com/@futurehuman) about blockchain and cryptocurrency on Steemit.\n\n[WPKN](https://www.wpkn.org/) is a 10,000-watt non-commercial, listener-supported radio station in the United States, founded in 1963. The station serves a potential listenership of 1.5 million in Connecticut, Long Island, and parts of New York and Massachusetts. 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      "body": "@@ -25,16 +25,17 @@\n -2018*%0A%0A\n+%3E\n *These a\n",
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      "body": "@@ -1617,17 +1617,16 @@\n cryptocu\n-u\n rrency, \n",
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