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Problem Solving Challenge: Move 211 Tons of Gold

A recent post from renowned security analyst Bruce Schneier highlighted an interesting problem to me.

It was announced last week that Hugo Chávez of Venezuela intends to repatriate 211 tons of gold (worth some $12.1 billion dollars by calculations based on current prices) from Europe back to Venezuela.

Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated. “It’s going to be quite a task. Logistically, I’m not sure if the central bank realises the magnitude of the task ahead of them,” said one senior gold banker.

So the challenge is this: how can Venezuela safely retrieve 211 tons of gold from its European stores? What solutions can you come up with using lateral analysis?

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<span class="proflinkWrapper"><span class="proflinkPrefix">+</span><a class="proflink" href="https://plus.google.com/112353210404102902472" oid="112353210404102902472">Eric... in reply to

+Eric Martindale sounds like manipulation on their part to take try to take advantage of the market on bitcoins, just like currency speculators do.

Reminds me a lot of those Gold jewelry buyers.
They buy up your gold jewelry at below value so they can smelt it and sell it off later when the value goes up. 

Actually sounds JUST like them.
   
And you have to trust they are giving you the right amounts.  Or again have to track the amounts your self.   Just like you do with the gold jewelry buyers, or you get scammed. 

Hardly that convenient.  Just another shady start up trying to take advantage. 

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Onward, and Ever Upward

2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Attachments

Stephen Pair: BitCoin Economy

Stephen Pair, Cofounder and CTO, BitPay on doing business in the BitCoin economy.

17 Replies

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Onward, and Ever Upward 2013 was an amazing year; between founding +Coursefork, building soundtrack.io...

Onward, and Ever Upward
2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Attachments

Stephen Pair: BitCoin Economy

Stephen Pair, Cofounder and CTO, BitPay on doing business in the BitCoin economy.

1 Replies

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Onward, and Ever Upward 2013 was an amazing year; between founding +Coursefork, building soundtrack.io...

Onward, and Ever Upward
2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Attachments

Stephen Pair: BitCoin Economy

Stephen Pair, Cofounder and CTO, BitPay on doing business in the BitCoin economy.

1 Replies

Replies are automatically detected from social media, including Twitter, Facebook, and Google+. To add a comment, include a direct link to this post in your message and it'll show up here within a few minutes.

Onward, and Ever Upward 2013 was an amazing year; between founding +Coursefork, building soundtrack.io...

Onward, and Ever Upward
2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Attachments

Stephen Pair: BitCoin Economy

Stephen Pair, Cofounder and CTO, BitPay on doing business in the BitCoin economy.

1 Replies

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I see your Kreayshawn and raise... in reply to

I see your Kreayshawn and raise you one White Gold Princess Clp - Insatiable

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Because bitcoin is environmentally damaging. It... in reply to

Because bitcoin is environmentally damaging. It relies wasting on immense amounts of cpu cycles, and thus energy.

Because it's a fixed money supply, which carries a lot of economic problems. (There's a reason a lot of libertarians love bitcoin - it's essentially the gold standard, rehashed)

Not to mention its technical flaws - sybil attacks, an ever-growing ledger that is becoming unmanageably large, amongst others.

Bitcoin is a great idea, but it's a prototype for a digital currency.

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CommunitySpark: Online Community Building

One of my favorite blogs is run by Martin Reed, and it's about online community building. He's really onto something here, and it's a shame there aren't more blogs out there on the topic (ahem, nudge nudge, wink wink). His content is top notch, and it relates directly to what it is that I do with my sites, particularly RolePlayGateway.

Just today he posted an article on active forum members and their value, and I'll be damned if I didn't forward that article to two teams on RolePlayGateway. And then I submitted it to StumbleUpon for good measure! Keep up the good work, Martin!

Does anyone know of any blogs about online community building? Please, share!

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RPGChat Forum Review

RPGChat is one of the other large roleplaying forums out there, and they've been around since about May, 2001. Since then, RPGChat has gone through many evolutions, and has expanded rapidly - they started with a forum, grew into a decent sized roleplaying chat, and finally removed the chat and went back to forums.

RPGChat\'s Forum Index You'll immediately notice the large number of forums, which for most boards isn't an issue. In today's roleplaying world, RPGChat's index fits right in.

They've got four basic navigation options at the top of the page, which are images instead of text, which isn't very good for SEO. The four menu options are Home, Forums, Chat, and Rules. I gave each of them a shot, but it looks like only the "Home" and "Rules" link work.

I'm going to take a look at their code, because using images for links isn't horrible if you specify the right attributes. Let's have a glance:

<a href="http://forums.rpgchat.com/index.php"> <img src="header/but_home.jpg" border="0"> </a>

Yikes! Not only does the anchor not have a title attribute, but the image doesn't have an alt attribute! Search engines won't be able to understand the context of these links, and the flow of link juice to the two working links won't be very beneficial.

I participated on these forums for a few months as the username Alighieri, for that period, I became the single most active user in their welcome forum. I posted in several other topics, but got pretty frustrated with the limitation on the length of a post (20,000 characters).

When attempting to post a profile for one of my characters, I was immediately snubbed by the limitation. This makes well-researched posts difficult to make, specifically with the citations that must be put in place for accurate references. Ultimately, I was forced to cut out portions of my character's history to fit it into the post.

After posting for a few weeks nonstop in the Welcome Forum, I headed off to the The Arena area, where turn-based fighting is largely popular. I opened a topic with a list of the top turn based fighters, placed into a neat little image and posted right into the topic. It took a few days to get any response at all, (save for a few people who contacted me over AIM) and when I did get a response, I logged in to RPGChat to find that I had been banned for "advertising on multiple occasions", much to my surprise.

However, while my visit was cut short, I met some good friends, and had some great discussions. Unfortunately, the forum does not allow any links to external sites of any kind, and also does not allow signatures, which makes it very difficult to spread the word about the topics you start there. This isn't very good for encouraging member interaction, and makes it very difficult for momentum of any sort to be gained within the community.

RPGChat\'s LogoAfter speaking with someone who had messaged me on AIM prior to my banning, I confirmed my worst fears - RPGChat is a closed community, and is not very open to outside communities or positive interaction with those communities. This is the number one concern mentioned to me about RPGChat and their future, and there is ongoing fear of the community continuing to stagnate without any growth other than direct referral.

I sent a request via the site's contact form, as listed at the bottom every page, which merely opened a new email to their support address, forums@rpgchat.com - I sent a couple questions in my email, and I identified who I was, but I haven't yet received a response. It'd be great if we could get an interview with an admin from RPGChat on the history of the site!

In terms of organic visitors, a search for pages on RPGChat has about 16,200 results. When digging through the pages, I noticed that only 477 pages were in the primary index, with the remainder in the supplemental index. That's scary!

Let's take a look at their search results: Running a Google search on RPGChat

As you can see from the above search, we can confirm that there is some duplicate content problems. However, from what we've seen - most of RPGChat's traffic is a result of direct referral. We can identify with the importance of defensible traffic, but organic traffic is also a high-quality method of driving laser-targeted traffic to your site, and it looks like RPGChat is seriously missing out on this.

RPGChat has a relatively active forum; 63,708 threads, 1,925,709 posts, and 59,352 "active" members. While that's only an average of about 30 posts per thread and only about 32 posts per user, they do have some great quality and style elements in their posts that you simply don't see in many other places in roleplaying forums these days. I think it would be a great move for them to deactivate a lot of their older and inactive members, and send out reminders to these users to come back and join in on the fun.

It also seemed like a consensus that the single best area on RPGChat was the Clans & Guilds forum, which most users simply called "C/G" for short. It looks like most other forums' version of a multiverse, where roleplay is freeform, and most action is player-driven with rules being defined by the status quo.

Lack of availability aside, RPGChat leaves a pretty strong impression, and if you're careful to follow their 500 word list of rules, you can likely make some friends and enjoy some great high-quality roleplay. The administration needs to do some overhauling if they're going to keep the community healthy, but for the time being - RPGChat makes for a great roleplaying destination.

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