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Hear What Financial Expert Reveal About Bitcoin

Hear What Financial Expert Reveal About Bitcoin

Online transaction, which is also known as internet banking, it’s an electronic mode of payment which enables the customers to conduct a financial transaction. Bitcoin is an online virtual currency called as a cryptocurrency or simply crypto which has been causing financial realm.

Experts Opinions

  1. Bitcoin is a technology that allows anyone to send money to anyone in the world free of cost. The protocol of this system has been immense intrinsic value as a self-regulating payment network. This platform like the internet can break barriers; it can break financial to information barriers.
  2. Bitcoin cannot grow wrong anywhere, it is a currency that is free of the central bank and government control and store as a proven value for people who lose their interest in their national currency for example Greece. But however, the supply of network is controlled by a function called mining. In Layman’s terms, mining is the only process to introduce a new currency to the market and it’s performed by minors who are those who perform expensive software to solve the mathematical problems in exchange for currency.
  3. As an investment, bitcoin will eliminate the need for exchanges making the global market easier by reducing the transaction cost, increasing the efficiency and ultimately reducing the cost of end users. The Bitcoin is not controlled by any central bank; thereby it reduces the risk of any form of manipulation by the government.
  4. It’s a truly a global currency that is not taxed at any level. Reports say that many attempts have made to harness the virtualness of the currency; the regulation has so far failed.
  5. FinCEN has issued guidance concerning the virtual currencies and their administrators. The NY department has recently sent several subpoenas to Bitcoin businesses regarding their policies to prevent money laundering.

As a trader or investors they have to learn more about this industry, the main thing that is looked into is the opportunities that are been offered by this system in the market. The price of Bitcoin keeps on fluctuating in the market all over recently. In the last 2 months, Bitcoin has risen to 100%. This volatility is incredible and if you are a trader or investors this is a good news and profitable business.

  1. A Hayek a famous Austrian Economist was a strong advocate competing for the currency system says that the Bitcoin model was created by a powerful innovative free market which will earn a global acceptance and will compete with all other fiat currency. The power of this currency is that no central bank can print the virtual currency and dilute its purchasing power; Bitcoins are the currency of the future.

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Five essential tips for the YouTube campaign trail

It’s no secret to readers of this space that uber-popular video-sharing website, YouTube, will remain one of the top tools used (and misused) on the campaign trail. This website is not just a place to share your videos but also an opportunity to earn money online – one of the many as you could also trade using the Brit Metohd or sell the stuff you don’t need on eBay.

Since my company is the first to offer high-quality, affordable web videos to our clients which will largely be distributed through the site, I wanted to give five essential tips on how campaigns can and should be using web video and the site more effectively on the trail.

This essay takes a close look at the following five techniques and strategies for use on campaigns which face a decent challenge and have a reasonable budget:

1. Two-camera strategy at all times.
2. Watch the footage. Archive well.
3. Monitor opponent’s channel / organic search results.
4. Prepare known hit responses early / “flood the zone.”
5. Several different campaign YouTube accounts.

Let’s dig in…

1. Two-camera strategy at all times.

This is the new “First Rule” of effective campaigning in the modern world. As I blogged recently, liberal general Daily Kos is charging his readers to take action by screaming, “Every appearance by a top Republican official or candidate should be recorded. Every one of them.” As I said then, Republican campaigns need to follow this same advice by recording every single public event by their opponent. This is the first camera.

The second camera needs to be trained on your own candidate — at all times. The reason for this is two-fold: 1. Identifying problems before they break, and 2. In use for response to vids or MSM articles that get it wrong.

Let’s take a closer look at George Allen’s “macaca” moment to better explain why this strategy is vital. The original video was uploaded on August 14, 2006. However, the opening title of the video shows us that the actual event took place on August 11, 2006. This 72-hours was a gift that the Allen campaign could have used had they known what they know now.

Playing a little “Monday Morning Quarterback,” the first thing that should have happened seconds after George Allen made this statement is an email should have been sent from the Allen political operatives on the ground to senior campaign officials noting that Allen slipped up on the trail and that they’d need to watch the video (which Team Allen should have been recording) to make a better assessment of the situation. Hours after the event, the communications director would have watched the video and then pulled in the campaign manager for an analysis. Realizing that the MSM and Webb campaign might use this video snippet on YouTube to help draw the narrative that George Allen is racist, they could have either put the video out on their own terms first to own the issue, or likely waited to see what the Webb campaign did with the video.

Either way, having a camera on their own candidate and then watching the video before it went public/viral would have given them a better opportunity to respond.

Two other reasons to have a camera on your own candidate is, 1. In the event they say something particularly effective which would be good to upload to the YouTube channel or send to the media firm for possible inclusion in a spot, and 2. To help clarify a misquote by the MSM covering the event. We’re all human, even reporters, so if they pull a quote out of context you’ll have footage of “what the candidate actually said.” Video is always more powerful than printed words and you’ll win the argument.

Having a two-camera strategy is going to require resources, which means most campaigns won’t invest in the strategy. This is good news for those campaigns that do find value in being effective.

It’s going to require two reliable staffers responsible for each camera/target. The actual staffer’s don’t have to be senior campaign officials, but they need to have A-type personalities. In other words, they have to have the attitude to own this space. Walking in to Democratic campaign events as a Republican can be pretty intimidating. It’s also going to cost quite a bit of money buying the cameras and hundreds of DV tapes, external hard drives, or DVDs.


2. Watch the footage. Archive well.

By the end of a campaign, campaigns will have hundreds of hours of campaign footage both of their own candidate and their opponent. Unfortunately, having those tapes/DVDs/files will be worthless unless there’s a great record of what was said on each video. It’s more work than you’d think to watch a video and take notes, especially if you’re just getting back from a three-day tour of the state.

In a perfect world, proper viewing and archiving of the videos would fall on another staffer who has a better grasp of the issues and will be more involved with the implementation of the communications plan. I can’t put in to words how much a campaign will benefit by having two-sets of eyeballs on each video. Regardless, the campaign managers needs to make the viewing and archiving of all video footage a top-priority.


3. Monitor opponent’s channel / organic search results.

This essential tip resides in the commonsense category but it’s worth pointing out since it’ll be largely ignored at the peril of Republican candidates.

Back to our George Allen case-study, one way the Allen campaign could have had a jump on the storm of the “Macaca” video would have been to better monitor the WebbCampaign’s YouTube channel. Doing so is easy. Simply create an anonymous YouTube account (so the WebbCampaign won’t recognize the account) and press the yellow “subscribe” button on the channel. By subscribing, you’ll be notified minutes after a campaign uploads videos instead of waiting for it to go viral.

The other dynamic which campaigns need to pay attention to is what videos are added organically/anonymously. To find this out, campaigns should do basic searches on YouTube for the name of their candidate and that of their opponent. Also look for other searches in case the user didn’t “tag” the video very well. For example, along with searches on “George Allen” and “Jim Webb,” you should look for videos on “Virginia” and “Senate.”

Further, when you identify a video which discusses your candidate or the opponent, subscribe to that channel. They’ll likely keep trying.


4. Prepare known hit responses early / “flood the zone.”

One of the first things a campaign does is assess the strengths and weaknesses of both their opponent and their own candidate. Effective campaigns usually know what their own candidates’ weaknesses and vulnerabilities are and a campaign should expect to get “hit” on those issues at some point.

One way to better prepare for the storm is to make hours of responses to those attacks BEFORE the attack happens. By doing so, media consultants and the modern media operation will have loads of footage, already taped, that they can cobble an effective response with. This footage should be taken early in the campaign, before the storm, and while the candidate has free time not being spent at back-to-back campaign events.

At worst, you’ll never use the footage. At best, you’ll have the perfect response when a response is needed.

In the modern world, timing matters almost as much as the message.

“Flooding the zone” is a term introduced by Chuck DeFeo, former Bush-Cheney eGenius and current force behind the revolution.

The idea behind “flooding the zone” is to virtually take organic search on YouTube out of the picture as effectively as possible. It’s practically a last-resort tactic which will hopefully never be needed. If the decision is made by your campaign that a YouTube video, like “Macaca” is crippling the campaign, pull the trigger and “flood the zone.”

To flood the zone, upload dozens and dozens of random videos which have absolutely nothing to do with the clip you’re trying to make “disappear.” The real strength of the clips you’re uploading isn’t to respond directly to the video, but to confuse the YouTube user and make it impossible for them to find the video they’re looking for. The one thing every campaign can count on is that any web user has a slight case of undiagnosed ADD (attention deficit disorder). If they don’t find what they’re looking for seconds after the search has begun, they’ll tire, and give up the search.

One way George Allen could have done this is to upload video after video using tags and titles like “macaca,” “George Allen,” “listening tour,” “Virginia,” “Senate,” “Webb,” etc.

Finding the appropriate tags is easy. Just use the exact same tags and title as the video you hope people never find.


5. Create several different official campaign YouTube accounts.

One of the most important things I’ve learned about the YouTube community is that watching YouTube videos and subscribing to YouTube channels is a very personal experience. I’ve subscribed to channels because I like a certain “type” of video, but when that content quits showing up, I unsubscribe just as quickly.

One way to effectively avoid this is to upload videos based on the content of the video. Here are a few different channels every campaign should have:

*Generic official campaign channel – positive / TV spots / web videos for the site

*Official campaign news channel – TV clips pulled from news outlets

*Official candidate channel – personal to YouTube community

*Clips about the opponent – e.g., “The Real XX” or “Liberal XX”

Personally, I now have several different YouTube accounts which all have different content:

*DavidAllGroup – Videos I produce about my company.

*DavidAllSpeaks – My personal YouTube vlog which isn’t necessarily related to my company.

*DomeNation – The YouTube TV show that Jerome Armstrong and I produce.

*TechRepublican – Content specific to technology + politics.

This fifth point is one that NO Presidential or other campaign yet grasps. They upload every single campaign clip to one central account. The problem with that is that I could care less about 90 percent of what they’re uploading, especially the clips of their candidate on CNN or Fox News or whatever. I merely unsubscribe or quit paying attention to anything they upload because it’s just too darn much.

The strength of having different channels is that campaigns will – for the first time – be thinking less about their top-down tactics and will be thinking first and foremost about me – the consumer. They’ll actually understand how we – the YouTube community operates and grows: trust that what we see and say we want (by subscribing) is what we’ll continue to get.

Another way to think about YouTube subscriptions is like RSS feeds. I don’t subscribe to every blog at sites like because I know that I can pick and choose the authors I want to receive content from. The chances that I read anything increases because I know what I’m getting from the feed.



My five tips are merely what I consider the most essential elements for a modern campaign. As you might expect, this is only the tip of the iceberg but it’s a strong start which will help Republicans get ahead in the modern world.


UPDATE June 11; 4:11 PM: Politico’s Ben Smith calls my tactics “dirty.” Hardly Ben, hardly.

UPDATE June 11; 4:34 PM: A blog behind the New York Times’ “Select” firewall, called the OPINIONATOR, links up to this essay and writes:

Mastering the YouTube Campaign

By Tobin Harshaw

* The Internet is a mixed blessing for political campaigns, as Barack Obama and John Edwards have found out to their chagrin. Still, the potential of a site like YouTube is very tempting. Can it be controlled, made to stay on message? The Republican media consultant David All thinks so, and offers candidates these simple tips:

1. Two-camera strategy at all times.
2. Watch the footage. Archive well.
3. Monitor opponent’s channel / organic search results.
4. Prepare known hit responses early / “flood the zone.”
5. Several different campaign YouTube accounts.

UPDATE June 11; 6:17 PM: The New York Times’ political blog, The Caucus (which is open to the public), has linked up to this post and drafted a thorough report. Here’s an excerpt:

Working the YouTube Moment

David All, of TechRepublican and DomeNation and the DavidAllGroup, has posted tips for candidates to work the YouTube environs. It’s instructive, certainly, but also illuminating.

We know we’re not the first to link to this; Ben Smith at The Politico called our attention to it as did one of our sibblogs, The Opinionator, albeit on the Times-Select side.

But pay close attention to Mr. All’s extensive explanation of how to “flood the zone” in the event of a “macaca” moment. It’s not only good intel for oppo action, but he describes the ways in which a campaign or its supporters can manipulate, or we might suggest, “tube-bomb” ala Google-bombing of the last cycle, the system.

UPDATE June 12; 10:47 PM: This essay continues to make the rounds. TechPresident picked up on it. NPR too. The Political Realm jumped in for some commentary. And Tagean Goddard’s Political Wire ran with it.

If you liked this essay…

..You might like one of my first pieces on George Allen’s “Last Game of Poker,” which de-constructs the “macaca” incident.

And don’t forget to add my feed to your daily reads.

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Live-blogging a bloggers conference call with John McCain

The live streaming of this press conference is sponsored by Orion Code automated trading software.

Re: Iraq War Supplemental

Watch this space for updates….

[Ed. Note: McCain is a very quick talker and my connection wasn’t great so this is not even close to being an exact transcript and should not be quoted as such. I’ll update it as much as possible when other bloggers get it up. If you were on the call and would like to update anything below – shoot me a note.]

10:03 AM: McCain’s modern media guy, Patrick Hynes opened the call. “Welcome.”
:04: Senator McCain said, “I hope to answer more then a few questions. I think we have about a half an hour here if anyone wants to stay that long.” (McCain always has a good one-liner…)
:05: Talking about Iraq – reiterate what I said on the floor of the Senate yesterday and today on talk show outlets.
:06: “Harry Reid said we should not spill one additional drop of blood. If you believe that then you should cut off funding and bring the troops home now.”
:07: “Respond to any questions, comments, or insults you may have.”
:07: First question from Erick Erickson of Redstate. “Who are some of the Democrats who are problems on this bill?”
:09 Second question from Robert Bluey….
:10 McCain cuts in: “We’ll do these calls regularly and I invite you jerks to come on the bus with us and we’ll have some fun.” (McCain is extremely comfortable with bloggers — has a very likable/joking tone which goes over well.)
:10 Bluey: Is there anything you’re doing to reach out to Hagel to get him back to your position?
:10 McCain: “I’m very disappointed. My views and positions on the issues are from a lifetime of experiences not just what happened 30 years ago. Everything I view does not rely on my experiences in Vietnam. That’s where Chuck and I have disagreement. We lost in Vietnam but they didn’t follow us home. That’s a huge difference.”
:12 Next question… Jim Antle of American Spectator. “How do we break this stalemate?”
:12 McCain: We have to do it through public opinion. We should be able to come up with a compromise but someone has to tell me where we compromise between withdraw and not withdraw. Look, if they want to cut off funding – fine!
:14 Kim Priestap from Wizbang: “What do you think the Democrats will do next?”
:15 McCain: I don’t know. They are being lead by I don’t know what their strategy will be. I think they just want a big win. I think they are going to be poll-driven to some degree.
:15 Priestap: The Dems seem to be between a rock and a hard place.
:17 Ryan Sager of NY Sun: Does McCain-Feingold need to be updated with regard to the Internet?
:17 McCain: I would be reluctant to do anything that could stop what’s happening on the Internet. It’s a marvelous change in the whole landscape to provide information to Americans. Young people are getting involved in the political process. Answer is no.
:18 Phil Klein with American Spectator: MISSED HIS QUESTION
:19 McCain: Why would it take five months to get five brigades to Baghdad? There are people that want us out….
:20 Chris Stewart with GreenMountainPolitics1 (?): “I was on the bus with you Senator. Where do you go to get your information on Iraq?”
:21 McCain: I get my information from the Pentagon, from Fred Kagan… I have quite a network of people that have daily contact with people who have contact with people on the ground.
:22 Stewart: “Where can average voter get information?”
:23 McCain: “I’m going to suggest that Fred starts a blog/website and start posting the information as soon as he has it. You have stimulated me to do so.
:23 James Joyner with Outside The Beltway: “I’m looking at the polls… Why do you think people are calling for a conservative. How do you think you’ve got such a bad wrap with conservatives?”
:24 McCain: “Because life isn’t fair. Some of it is ‘too old, too tired’ but we’re effectively countering that by getting on the bus…getting to the town hall meetings. I may be wrong but I think Rudy Giuliani is held with great regard by the American public because of his magnificent performance on September 11. I’m happy where we are. I’m unhappy with my fundraising – but that is my fault. On Fred Thompson… Why shouldn’t he have high approval ratings? He’s already been President 3-4 times…”
:26 Skip Murphy from GraniteGrok… Question about Iran.
:27 McCain: I hope that our pro-Israel friends understand. This is a radical group of very dangerous people. If they required nuclear weapons they would handle them recklessly. They’ve gotta understand that their actions…
:29 Murphy follow-up: Does sending somebody in to talk, will that really help?
:29 McCain: First of all, it wouldn’t be a negotiation. It would be a message from me as POTUS telling them what would happen. I would do it quietly. Don’t get me wrong… I’m not saying we’re going to war, I’m saying that we will not allow Iran to destroy Israel.
:32 Douglas Lambert with GraniteGrok… “I think it’s quite courageous for a President in a modern era to not screen questions… You don’t see that from someone like Hillary or some of the others…”
:33 McCain: Well we’re going to keep doing it.
:35 Missed Lambert’s question…
:36 McCain: (he answered the question) Well look folks, I’m sorry but I have to go. I think next time we need a full-hour to discuss all of the issues and I’ll tell my staff to start scheduling these on a regular basis so that you all can start planning on them. Thank you all.


Well, I didn’t ask a question, but when I do, it’ll be: “Senator McCain, I’ve encouraged senior staff in The White House to have President Bush hold a bloggers conference call as a way to send a clear signal of their importance to the American people. They’ve told me that it will likely never happen. My question to you sir is if you were to be elected as POTUS, would you promise to us that you would continue to keep the conversation going with the blogosphere?

UPDATE 11:36 AM: Eyeon08 and Matt Lewis have more on the call.

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