Let's do an equation to forecast Bitcoin price. 1800 Bitcoins being mined a day at $7,000 that is $12,600,000 USD per day. This means that assuming supply and demand are otherwise equal that nearly $13,000,000 USD needs to be invested every day just to keep the price at $7,000.

Seems like a lot right? Let's extrapolate out until the next halving of Bitcoin in approximately 3 years; (1000 days). Over the next 1000 days only $13,000,000 of new investment dollars can enter Bitcoin without the price rising. At that point the reward again halves to 900 coins per day for the following 1500 days; allowing an additional $10,000,000,000 to be invested without causing the price to rise. 

At a price of $7,000; over the next 7 years (2500 days) a total of $23,000,000,000 can be invested without causing the price to rise (again; assuming supply and demand is otherwise equal).
​
Bitcoins current market cap is $120,000,000,000. If you are curious whether it is possible for Bitcoin to support higher prices in the short term; it comes down to how much money is trying to enter Bitcoin; and over what time period.

$13,000,000,000 isn't as much as it sounds. Lets say that there are just 5 million people using bitcoin today. $13,000,000,000 / 5,000,000 = $2,600 dollars each. Provided that $2,600 is the average amount each individual invests over the next three years, we've maintained that $7,000 price. 

It sounds like a lot; but it's not much at all when we are consider that this is a brand new asset class and industry; available globally to all markets. Bitcoin could sustain much higher prices after this simple thought experiment.

Why I think Cryptocurrency is getting too big to ignore. 

The announcement highlights that passengers would board a “large rocket” known for now as BFR. The rocket would launch passengers into space and continue on to touch down at its destination. It was said that most long-distance trips would take less than 30 minutes, with the cost of a seat being “about the same” as full fare economy class in an traditional aircraft.

The reusable rockets would apparently have a maximum speed of 27,000 km per hour (16,777 mph), although earth flights would travel at just over 11,250 km per hour (7,000 mph), allowing flights of thousands of miles in as little as 22 minutes. Despite the BFR’s incredible speed the ride would be pretty comfortable, according to Musk.

I don’t know if this is feasible, nor will I argue whether or not I think this is achievable, as anyone can form their own opinion. Elon Musk has a proven track record when it comes to proving everyone wrong.

This will change the aviation industry as we know it.  

If we look at a travel time of 30 minutes, Elon Musk’s new global transportation system will save passengers on average 5 hours travel time to a destination. This is a factor of 6 when taking into account global transportation via aviation. This does not even include other forms of transportation that this will disrupt.

The prices for these flights are as low as full fare economy for the same flight on a regular airline. The only thing holding any restrictions to the venture is making sure safety levels are met. That said, flying anywhere in under an hour would be really nice, so I'm pulling for him.

Lastly, evening thinking of the opportunity this opens to businesses like Amazon who could adopt 1 day delivery worldwide. It opens so many opportunities. 

Anyone else think BFR probably stands for Big Fucking Rocket?​

I’ve been getting messages as of recent with the following question: “Should I invest in Bitcoin?”.

Firstly what is Bitcoin? You Trade it like stock; Spend it like cash; Store it like gold. Best performing asset of 2015, 2016, and 2017. The longer version is Bitcoin is not a stock or a company, it’s a currency. If you invest in Bitcoin you are buying the currency. This currency is fixed on a public ledger known as the “block chain”, which makes it difficult to commit fraud. Want more information about Bitcoin watch this video. 

Cryptocurrency
Never invest more than you are willing and able to lose. Cryptocurrency is a very risky investment and you should keep in that in mind at all times. Don’t take anyone’s advice about what will happen with the cryptocurrency, as with anything do your homework. A few pointers for buying,  holding and trading:

Buying
The most common form of “investing” in Cryptocurrency is buying the currency in hopes it will appreciate in value. You need to decide for yourself if you think now is a good time to buy. Meaning, do you think the price will continue to rise.

Holding
After buying any Cryptocurrency make sure to move them into your own personal wallet and never leave them at the exchange. You can use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, try a paper wallet.

Make sure to buy Bitcoins only from exchanges and markets that have proven their reputation. I suggest bittrex.com and binance.com as your main exchanges to buy and trade cryptocurrencies and coinbase.com or QuadrigacCX for purchase Bitcoin, Ethereum or Litecoin. Please be very careful with fake and scam sites pretending to be exchanges or marketplaces. 

Buy Bitcoins through cost averaging. This means buy a fixed amount every week or month annually. This way you average the price over the course of a year.

Trading
Cryptocurrency trading is different than buying and holding and takes place on marketplaces and you trade Bitcoin for different altcoins.

Investing and Mining
Mining is getting difficult and is proving to only be profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Want more information about Mining watch this video. 

It’s most effective to buy Bitcoins with this money instead of buying mining equipment. Most miners are very dedicated and interested in the technology behind the Cryptocurrency. With that said there is always exceptions and I would suggest researching if mining is right for you.

There are many sites that allow you to mine Bitcoins through them. This is known as cloud mining and these sites fall into two categories:

i. Scams that will take your money and don’t actually use the investment to mine.
ii. Not scams, but are bad investments as you will get more Bitcoins if you just use that money to buying cryptocurrency.

Note the average return on any form of mining is based off several factors, but you are looking at 12 months minimum on return of investment from mining.

So should you invest?
The answer is not that simple. Historically, cryptocurrency has been extremely volatile. There is huge speculations by experts in the scene regarding price. Most agree now that Bitcoin will hit $500,000, but no one agrees on the timeframe. Current Cryptocurrency Prices

I strongly believe it’s not just a matter of should you invest, but also a matter of how to invest. Learn about the currency, what affects it, what are its advantages and disadvantages.

The esports economy has developed from being obscure and unmonitored 10 years ago, to now generating revenue of about $747 million, according to SuperData Research. It’s estimated that the esports industry will exceed $1.9 billion by 2018. These numbers may be optimistic; in reality, no one truly knows where esports will be in another 10 years. 
Everyone that is involved in esports might not agree where the direction of the scene is headed, but the few things we agree on hold true.

We want to work in an industry that is not static.
We want to be constantly evolving and learning about new ways of thinking.
We want to build something that is constantly evolving and learning.
We want to work in a fun environment that is stimulating and always presenting new challenges.
We want to be able to use our skills and research to create new ways of thinking.
We want to work in an environment that allows room for growth.
We want to be able to explore new ideas and put them to use.
We want to make people say, “Why didn't I think of that?”

In 2000, there were 12 competitive gaming tournaments; by 2016, that number has dramatically increased to 540 and still counting. This includes the largest esports tournament to-date, The International 6, which had a prize pool of $20,770,460. This clearly shows a huge indication of the rate of growth in the industry and explains why so many other sectors are rushing to invest and integrate. 

All I have in this life is endurance. I don't give up. Even if it all goes to shit and I fail, I keep going. - Thooorin

If your industry is not progressing and changing daily, does it challenge you enough? Esports might be one of the youngest industries, but it’s proven we are not static and that we are continuously developing. Our industry is not perfect and we’ve had our own history of problems, such as match-fixing, but it’s proven to have transformed the scene for the better. The history of esports is incredibly fascinating, but it is surely nothing compared to what is around the corner.

Article on GAMURS: https://gamurs.com/articles/what-we-want-esports

​I'm a seasoned esports entrepreneur, leader and geek. I'm experienced in communications, operations and production design and management. My educational background is in risk management, communications and law enforcement.

I've worn many hats in my esports career as community and social media manager, marketer and business development. As a result, I have a unique ability to manage multi-demential projects and to overcome complex challenges. Experience in the esports industry has taught me that my professional values boil down to the following:

• I am technology driven and passionate about competitive gaming. I speak fluent English, marketer, editor, designer, trainer and manager. Working in several esports roles has taught me to look at things from different angles, which has given me a track record to catch missteps before they happen. 
• I don't need or care who gets credit. I am driven to obtain any target.
• I love new ideas and love creating even bigger ideas. Execution is what matters, and I execute. 
• I'm usually the calm one and I am always running towards fires. 
• I love making new professional acquittances. Reach out if you want to talk technology, business or esports.

Billions of dollars being wagered on the outcome of esports events. According to a new white paper published by gaming industry research firm Eilers Research, it is estimated that esports competition will wager more than $250 Million on the outcome of esports events in 2015. That amount is expected to exceed $23 Billion by 2020.

Part of the equation is fantasy esports competition and Eilers Research estimates 590 thousand paid actives for real-money fantasy esports competition in 2015 along with 1.72 Million paid actives for esportsbooks. Fantasy esports is similar to more common daily fantasy operations surrounding football, basketball, baseball, hockey, etc., where individuals may submit an entry fee and compete against others for predetermined prize pools. However, esportsbook wagering is akin to traditional sportsbook wagering, which allows people to place wagers against the house on the predicted outcomes of individual matches.

Eilers Research provides a “bull case” wherein 32.5 Million bettors will wager $42.9 Billion by 2020, generating $3.3 Billion in revenue for operators.

For some cruel reason, I keep finding myself in the position of being introduced to things in their infancy (often before they are even launched), dismissing them as stupid, and then watching them become unbelievably popular. This has happened to me at least three times. Each time I vow never to call anything stupid again, and then, invariably, it happens again. I’m not sure if there’s any lesson here other than a warning against arrogance, but I have one of those stories to share.

In early 2011, I had an opportunity to join forces with a company known as Justin.tv at the time. They were streaming platform company which was founded in 2006 by Justin Kan in San Francisco, California. Justin.tv launched a partner company in June 2011 by the name of Twitch.

In September of 2012, I made the hard decision to turn down further involvement with Twitch and continue my education in law enforcement. 

The popularity of Twitch would eclipse that of its general-interest counterpart; by mid-2013, the website had amassed an average of 43 million viewers per month, and by February 2014, it was considered the fourth largest source of peak Internet traffic in the United States Justin.tv was shut down as of August 2014.

“This is the right decision, go back to school,” I thought to myself. In September 2014, Twitch was acquired by Amazon.com for $970 million.

The future is extremely hard to see through the lens of the present. It’s very easy to unconsciously dismiss the first versions of something as frivolous or useless -- as stupid ideas.

"Beware of missing chances; otherwise it may be altogether too late some day." - Franz Liszt 

Wake up early. Show up. Learn how to think. Be genuine, but appear nice. Use envy for motivation instead of destruction. Do what you say you’re going to do. Ensure balance in every area of your life. Confront repressed thoughts immediately. Surround yourself with people who are better than you (but remember the thing about envy). Work out every day. Be good at what you do. Make money doing what you love. Have good friends. Never settle.

This is my personal recipe for happiness and success. I've changed the way I perceive life recently and it's taken me a very long time to realize life is really short. Be the change you want to see in the world. 

"This is no more a regulation of the internet than the first amendment regulates free speech." - Tom wheeler.

I have decided to make a bucket list, which I intend to add to until the day I die. I want to see how far I can take myself in life and see what goals I can carry out. I have completed several things which I am proud of which I have left off the list because I want to grow and move forward in life and not look back.

1. Visit space
2. Get published in a nationally-distributed print publication
3. Be on the cover of a major magazine
4. Sky Dive / Base Jump
5. Visit all seven continents
6. Run a marathon
7. Own/rent a yacht
8. Speak  2+ language fluently 
9. Own/rent a helicopter
10. Ride the trans-siberian railway from China to London
11. Create something that touches a hundred million people
12. Make $10 million in a single transaction
13. Make $100 million in a single transaction
14. Make a billion dollars
15. Give away a billion dollars
16. Get a PHD
17. Start a Business - Completed
18. Found and Own Fortune 500 Company
19. Learn ‘something’ well enough to be an expert
20. Teach 'something as an expert
21. Be someones inspiration
22. Throw an epic REAL party… We all saw the Wolf of Wall Street.
23. Make wine, beer or moonshine

Here is to the next 25+ years.

“Today is the oldest you've ever been, and the youngest you'll ever be again.” - Eleanor Roosevelt