Connect with us

Interviews

Broke-Ass Stuart Runs For Mayor, Looks To Fix San Francisco’s “Major Fucking Problem”

Published

on

Broke-Ass Stuart has basically been it all. “Travel Writer. TV Host. Poet. A Motherfucking Hustler.”

// -- Discuss and ask questions in our community on Workplace.

He’s written three books on how to live inexpensively. Stuart had his own travel TV show on IFC called Young, Broke & Beautiful, and his work has appeared in Lonely Planet, Conde Nast Traveler, US Airways Magazine, 7×7, The San Francisco Bay Guardian, The Bold Italic and others. His motto of sorts is, “What makes life interesting is not the things that you own, but the shit that you do.”

He arrived in the Bay Area by way of the University of Santa Cruz. “The next step was come here and move on up the coast, and so I did. I felt in love with the city,” he says. 

I've been working really hard to secure the dog vote

A post shared by Stuart Schuffman (@brokeassstuart) on

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Now a San Franciscan for 13 years, Stuart, whose full name is Stuart Schuffman, announced in May in the San Francisco Examiner that he would challenge incumbent Ed Lee and run for Mayor. Schuffman, however, does not especially expect himself to win. He told SFist his campaign is a “journalistic experiment.” He’s also called it a protest campaign. He’s spreading a certain message through the tech-oriented west coast city.

Schuffman has experience in politics as his high school’s Vice President and Treasurer at High School at UC High, in University City, San Diego. One of his major campaign focuses is affordable housing and solving the homeless epidemic in San Francisco.

His is not the first protest campaign in San Francisco’s recent history. Chicken John ran in 2007 and earned more than 1 percent of the vote. Although he goes out on the street to talk to San Franciscans, Schuffman has received a considerable amount of engagement throughout his campaign on Facebook.

We've got a button maker machine! Come to #sundaystreets at Valencia and 22nd and make your own! #goforbroke

A post shared by Stuart Schuffman (@brokeassstuart) on

“I have a large following and I care for my city,” Schuffman tells Hacked. “I’ve been running a lot of my campaign online. I still get out there and shake the hands of people on the streets, but people are less committal online, so we will see what happens on election day.” Although Schuffman has never worked in tech, he has been an entrepreneur his whole life, as well as worked in bars.

“Despite that I’ve never worked in the tech industry, I do use the technology every day and understand those mechanisms and what makes it run,” he says. “This city is all about tech. I’ve been verySF critical of tech culture because I think it’s fair to be critical, but there is nothing innately wrong with tech nor people who work in tech.” He simply believes the current status quo is unsustainable and must be changed.

“The current regime is so fucking corrupted,” he explains.  “They are repeatedly bowing to hidden interests and ignoring the needs of the people. Nobody wants to live in a city just full of nothing more than business. What makes cities special are the people who live inside of it.” Schuffman doesn’t want the tech companies out.

“I simply think tech companies should pay their taxes, instead of receive exemptions, and that they should work more cohesively with the city,” the mayoral candidate opines. “San Francisco has some of the best minds of our generation, yet we aren’t using this massive brain power to solve homelessness, hunger or create a fairer democracy.”

If he were mayor, Schuffman says he would push to make these things happen with partners in technology. That many San Franciscans are distressed over high housing prices is well-known. Schuffman acknowledges this and wants to help fix the problem in housing.

“There is a major fucking problem. There’s a crisis, actually,” Schuffman says. “But nothing is gonna be done overnight. It took us a long time to get into this situation, it’s going to take us a long time to get out of it.” He doesn’t think the market will solve the problem.

“We need to build affordable housing,” he submits.

“The market does what it wants and the people on top win,” Schuffman describes. “If you want apple juice you go to the store, you don’t plant a tree and wait for an apple to fall out. Pro market types say ‘build, build, build, the market will take care of it.’ But, that’s not good enough. I am for building a lot of affordable housing. I’m pro prop I and Prop F.”

Part of Schuffman’s motivation is to preserve San Francisco’s diversity.

When the lights go down in the city… ?

A post shared by BSK (@bskphoto) on

“I love San Francisco because people of all different cultures are always out-and-about, walking or riding a bike,” he says. “You see all types of other people and other cultures and interact with them. It’s amazing.” It’s this variety of people that makes San Francisco such a special place.

“If Ed Lee is re-elected, I worry we might lose this part of the city,” he laments. The internet personality admits San Francisco suffers from a certain apathy.

“People move here and plan to live here only 4-5 years, make some money and leave,” he elucidates. “And that’s fine if that is your thing. But you are still making a very large footprint here, so it’s your duty to care.” He paints the picture with a nice analogy.

“If you go over to someone’s house and knock over a bottle of wine you don’t say ‘I am leaving in two hours, so I am not picking that up,’” Schuffman outlines. “That’d be insane. “You help clean up your mess. The same goes for people who are here. We’re all apart of the mess. That’s the message I’m trying to get across.” Schuffman thinks long work hours harm people’s experience with the city, and thus limits their ability to truly get to know it.

“People here work too many hours,” he says. “They uber to work, uber home, get home and are so tired they order take-out then go to bed.” People miss out on what San Francisco is all about.

“It’s all about the streets here and meeting everyone in the streets, and so by working such a long work week you miss out,” he says. Schuffman sums up his platform succinctly.

“Ultimately, the policies should be the same: people first, not profits,” he says. “There is always going to be profit.” His hopes his campaign inspires people to get involved.

“This world is yours. We are building a movement to get corporate money out of politics,” he says.

The San Francisco mayoral election takes place November 3, 2015.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

1 Comment

1 Comment

  1. terminationshok

    November 3, 2015 at 7:20 pm

    Prop I and F are bullshit. I wanted to vote for you.

You must be logged in to post a comment Login

Leave a Reply

Interviews

Blockchain Asset Manager Ambisafe Talks About Institutional Guarantees, Parity Debacle

Published

on

Ethereum platform Ambisafe has quickly emerged as one of the blockchain’s most promising asset managers. Hacked recently spoke with representatives from the company on their product, institutional bottlenecks and other contemporary issues facing the cryptocurrency market.

// -- Discuss and ask questions in our community on Workplace.

Ambisafe Asset Platform

In the world of blockchain, Ambisafe is well established. The company has been involved in the cryptocurrency space as far back as 2010, and is today one of the blockchain’s leading asset issuance and management firms. The company provides many go-to-market offerings, including ICO services, asset issuance and custom Ethereum development solutions.

Ambisafe operates several other companies, including Orderbook, an Ethereum token exchange. Orderbook has 25,000 active users and is averaging about two ICO launches per week, according to a company spokesperson. Combined, ICOs launched via Orderbook have generated more than $35 million in funding.

Orderbook claims to provide full transparency and immutability by recording all transactions on the blockchain. In this sense, it is entirely trustless and stores all assets “on-chain.”

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The companies (both Orderbook and Ambisafe) areled by Andrey Zamovskyi, who has been coding since the age of nine. He has his fingerprints all over first of their kind blockchain projects, such as wallets, merchant services, exchanges and trading platforms.

A Lack of Institutional Guarantee

Ambisafe told Hacked that one of the biggest challenges facing the crypto-sphere isn’t payment processing, but a lack of institutional guarantees. This could make it difficult to attract new investors as the market eventually stabilizes and cools from its recent streak of record-setting gains.

In explaining this issue, Ambisafe drew our attention to account guarantees in the United States. In the U.S., all savings accounts held at banks are backed by a guarantee of $250,000 from the federal government. This is essentially a guarantee that your funds will be protected for that amount if the bank fails.

Moreover, if your credit card is stolen, U.S. law limits personal liability drastically so that you are not left on the hook for a massive bill payment.

These same guarantees are not present in the cryptocurrency space. Quite the contrary, as a matter of fact.

For example, if my Trezor is stolen or Coinbase is hacked, I simply lose everything. Large-scale trusted and insured institutions need to back vaults with extensively audited multi-sig wallets before we’ll see widespread displacement of credit/checking accounts.

Parity Wallet

Ambisafe also chimed in on the recent controversy surrounding Parity Technologies, whose account holders were locked out of $190 million worth of ether tokens. When asked about how the accounts could be unlocked, Ambisafe referred to the fact that there are some Ethereum Improvement Protocols (EIPs) on how to recover the funds. However, the discussions appear to be ongoing with no immediate solution in sight.

“In our solutions, we make sure to have a test coverage,” Ambisafe said. “Also, we don’t publish our code out in the wild just for the hell of it. We share the code by request though.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock. 

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Interviews

Does ‘CryptoRuble’ Threaten the Point of Cryptocurrencies? Jean-Yves Sireau Weighs In

Published

on

Last month, Russia said it would move to regulate cryptocurrency by bringing mining and exchange under the purview of the central government. Investors rejoiced in the decision, as it signaled that another major economy would not ban cryptocurrency. However, as one prominent blockchain expert notes, the advent of a government-controlled cryptocurrency – i.e., CryptoRuble – would threaten the point of cryptocurrencies all together.

// -- Discuss and ask questions in our community on Workplace.

Binary.com Founder and CEO Jean-Yves Sireau (JYS) was recently in contact with Hacked.com, where he answered some of our most pressing questions. Below are excerpts from our most recent email exchange.

JYS Weighs In

According to the Binary.com founder, Russia’s plan to centralize the mining process is probably feasible, but will likely hamper the CryptoRuble’s popularity. That’s because this arrangement practically ignores one of the key selling points of cryptocurrency – that is, the potential for a universal token.

“​Indeed, the attraction of cryptocurrencies is that they are like cash: easily transferrable, essentially anonymous and open to everyone,” JYS says. “​A currency that doesn’t have these features is going to be at a competitive disadvantage. There are already hundreds of competing cryptocurrencies, hence creating one that has limitations is not likely to be a success story.”

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

As many of our readers know, Russia isn’t the only country looking to create a state-run cryptocurrency. Kazakhstan and Estonia are in the process of creating a state-run digital currency, with several others considering the idea. There has even been talk of China – a country that recently banned cryptocurrency trading – implementing its own state-run digital currency.

In Sireau’s view, there’s no guarantee that these currencies will be popular. As he rightly notes, “there are hundreds of cryptocurrencies with a very limited following.”

ICO Regulation

Russia has given mixed signals about how it plans to regulate ICOs. According to Sireau, this reflects broader confusion about how to secure a market that so few know about. Apparently, JYS doesn’t think too highly of ICOs, either.

“In my opinion most ICOs are worthless or scams, and investors will lose 98% of their money. Even if regulators do come up with regulations, it will be too little too late. In 1-2 years’ time there is going to be a flurry of lawsuits surrounding ICOs, especially in the US where law firms can organize class-action lawsuits. I think these lawsuits are what are going to tame the market, not regulatory action.”

On whether any jurisdiction approaching cryptocurrency regulation the right way, Sireau said flat-out no. That’s because “the core issue is that regulators are typically lawyers or compliance people who don’t understand the details of the technology. It’s like trying to create grammatical rules for Greek without having any knowledge of the language.”

The future of cryptocurrency looks promising, but will be marked by volatility and many failed projects. In Sireau’s view, this is especially the case with ICOs, which could “implode in a flurry of lawsuits, especially in the form of class-action lawsuits, in the U.S.”

Featured image courtesy of Shutterstock.

 

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Interviews

Minerva’s OWL Token Fights Inflation and Offers Merchants Unique Revenue Stream

Published

on

Luxembourg-based Ethereum startup Minerva has developed a platform that will reward merchants for using its tokens. Through a system of “reverse transaction fees,” Minerva will supply merchants with its newly minted OWL tokens when they agree to offer discounts on goods and services that can be paid for in the cryptocurrency.

// -- Discuss and ask questions in our community on Workplace.

In other words, merchants who accept the OWL as a form of payment will receive more tokens simply by propagating its use.

The Decentralized Central Reserve

Observers and participants of the cryptocurrency market are no doubt aware of the volatile nature of this new asset class. Just last week, the global crypto market shed $65 billion – some 40% of its value – after China launched an attack on the blockchain community by banning ICOs and bitcoin exchanges.

Minerva’s platform aims to do much more than just incentivize the use of digital tokens; it seeks to tame volatility once and for all. This can be accomplished through the Minerva Volatility Protocol (MVP), which in some way functions like a “decentralized central reserve.”

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

MVP works by smoothing out price movements in the OWL token. When the price of OWL increases, Minerva’s algorithm mints new coins for approved merchants during transaction. This is the “reverse transaction fee” everyone is talking about. When OWL’s price drops, the platform incentivizes users to temporarily take coins out of circulation with smart contracts that resemble bonds.

Targeting Inflation

OWL is essentially modelled from basic economic theory, which states that a currency – be it crypto- or fiat-based – is determined by the law of supply and demand. The price of a currency rises when its demand outstrips supply, and falls when its supply exceeds its perceived utility.

The smart contracts implementing OWL work to ensure that the basic law of supply/demand is maintained by targeting currency fluctuation. The algorithm does this by targeting the supply of OWL under present conditions to achieve zero or near-zero inflation.

When the inflation rate is smaller than targeted, additional OWL tokens are created; these OWL tokens are delivered to approved merchants, with a portion “taxed” and placed into a reserve vault. When the inflation rate exceeds the target, additional MVP contracts are made available for purchase at a calculated incentive rate, which is paid at a future time from the reserve vault. No MVP contract is offered for sale unless there is sufficient OWL reserved to pay the incentives.

Key Challenges Facing Adoption

OWL’s impeccable delivery method isn’t without its challenges. While cryptocurrency is the biggest thing since sliced bread, the market is still in its formative stage. This means ease-of-use and broader mainstream appeal remain limited for now.

“Our biggest hurdle is what we look forward to solving the most: achieving the mainstream adoption of cryptocurrency through ease-of-use and utility incentivization” Minerva co-founder Kevin McSheehan told Hacked.com.

Although many in the industry have told McSheehan that integration with merchant processing ISOs is a non-starter, Minerva appears to be ahead of the curve. The company has a long and established working relationship with some of the world’s biggest merchant processors. We’ll just have to wait a little while longer to find out who they are.

Regulatory uncertainty and volatility surrounding the crypto-sphere more generally are also key challenges companies like Minerva are facing. These issues have spawned another community pushing SAFTs as the next major breakthrough in the debate over regulation.

To combat these and other challenges, Minerva has put together an impressive team of advisers, tech gurus and legal counsel. There’s even an economist on board. The ensemble of powerful minds clearly shows there’s still a lot to think through in this uncharted industry.

Minerva is planning to launch its ICO in the near future. According to the website, 60% will be allocated to presale and final public ICO.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Trending