Fri Feb 16th / Roy Pedersen / blockchain / crypto


If you are looking for cryptocurrency predictions this ain’t it. This is just a blog post about my trip to Phuket where I had a rendezvous with a cruise ship full of blockchain people.

My life will never be the same, and apparently neither will yours.

The meeting point was at Paradise Beach in Phuket, Thailand. The 600 guests, most of them blockchain enthusiasts, investors and industry professionals, arrived in shuttle boats from the MS Mariner of the Seas. I arrived a few hours late in a pink took-took, just missing John McAfee’s morning session.

Understanding blockchain, mining and crypto

I felt a bit out of place. After 10 years of gaming conferences I am used to finding familiar faces but here there were none. To be completely honest I didn’t really understand what blockchain, mining and cryptocurrency meant until late last year.
Around that time I read the Q3 sales numbers for All-in Translations, and my interest was quickly piqued when I learned that one of our top clients in 2017, was a company primarily working with mining.

Bitcoin skyrockets, then plummets

Prior to this, the first encounter between All-in Translations and cryptocurrency occured when we translated a website into a dozen languages, and the company wanted to pay us in Bitcoin. We accepted. Unfortunately most of these Bitcoins were sold shortly after, but not all.
Almost coincidentally we had left €200 worth in our cryptowallet back in August, and by mid December this was worth about €12000. A few days later, after seeing this video, we sold half and since then the  Bitcoin price has plummeted about 50%. (I am not sure how much influence the video actually had but it’s funny.)

Nevertheless, since I was spending the winter on an island in Thailand not far from Phuket, to be close to our Asian expansion, it was an easy decision to purchase a ticket to Coinsbank’s Blockchain Thailand when I saw it announced. I figured I would learn more, and also test the waters – since the intention of All-in Translations is to include blockchain, cryptocurrency and mining as subjects we specialise in*.

I found a stool in the tropical beach bar. Beer was only served in the VIP section, so I settled for a Gin Tonic. The next speaker, the last one before lunch, was Andrew J Filipowski. He is a Polish American technology entrepreneur born in 1950 in Chicago, currently the CEO of SilkRoad Equity.

2017 Disruptive Technologies

I couldn’t help noticing Mr. Filipowski’s resemblance to Willie Nelson. He even had a calm and warm voice. The stage gave me the feeling of being at a music festival. Everything was modern, everything except the on-screen presentation which looked like a school project from the 90s.
It was a document, probably made with PowerPoint or MS Word, and the list of bullet points was so long that the bottom part was reflected on the edge of the stage under the screen. The title was 2017 Disruptive Technologies and I will never forget what Mr. Filipowski had to say. It was perhaps the most interesting presentation I have ever witnessed at a conference. It was like catching a glimpse of the future.

Mr. Filipowski seemed extremely knowledgeable and experienced. There was clearly no doubt in his mind that the scenario he described would occur. That much was obvious. He spoke in capital letters when he said “this WILL happen”. In fact, and as he pointed out, a lot of it is happening already.

Robot driven cars and organ printing

What particularly caught my attention was the way he explained how certain things are closely connected. For example robot driven cars. They will drastically reduce the number of accidents as the element of human error is largely removed. And with much fewer deaths in traffic, the amount of organs good for donation will be practically zero. So what to do? The technology of growing or even printing human organs already exists. 

Robot driven cars will also reduce the need for car mechanics, and  I wouldn’t suggest taxi driving as a career path for my children either. Insurance sales person? Car insurance will practically be free. In general Filipowski expressed concern about the reduction of jobs on a global basis.
“But one of the bright minds in your generation will solve this problem. Personally I don’t have a solution. Maybe even old people can learn how to code just a little bit. This I don’t know”, he said.

The energy consumption of Bitcoin(!)

Filipowski is convinced that we can achieve 100% renewable energy production with blockchain. The importance of this cannot be overstated. Most people don’t know how much energy is consumed in the process of mining digital currency. To give an example, the entire Bitcoin network consumes more energy than the country of Iraq. It also consumes more energy than Peru and Hong Kong, and a bit less than Singapore and Portugal.
This is according to an article in digiconomist.net which I read just before Christmas. It was very enlightening but I felt it was a bit one-sided. For example this sentence:
“With the help of these numbers, it is possible to compare both networks and show that Bitcoin is extremely more energy intensive per transaction than VISA (note that the chart below compares a single Bitcoin transaction to 100,000 VISA transactions). Of course, these numbers are far from perfect (e.g. energy consumption of VISA offices isn’t included)”.
It just seems unbalanced to go into depths about the energy consumption of the Bitcoin network but to dismiss the energy consumption of VISA offices with half a sentence between brackets. It’s obviously in the interest of banks and the establishment to hinder the expansion of cryptocurrencies, but at the same time it’s in the interest of anyone that owns some cryptocurrency to get more people to buy it, so it is important to be critical of your sources here.

An interview with a crypto/esports expert

To balance it out I interviewed an old colleague of mine from PokerStars, Lars Lien. He is now the CEO of Luckbox.com, a Malta based company which is creating a licensed platform where you can bet on esports using cryptocurrencies.

All-in Translations: Are you concerned about the energy consumption involved here?
Lars: The current energy consumption is abhorrent and is a gigantic waste of resources that could be better utilised for other purposes. Bitcoin is unfortunately plagued with a governance structure that is not conducive to structural changes, which also affects other aspects such as quarrels and self-interest among core stakeholders on what should be done to improve its transaction capacity and speed. We are currently seeing the emergence of a large number of alternative technologies built around the same philosophy – trustless distributed ledgers – taking advantage of other methods of creating consensus/trust around transactions such as “Proof of Stake”, utilising other algorithms to share, spread and confirm transactions are legitimate, or by offering additional functionality such as smart contracts and proof of asset ownerships. These mitigate or eliminate the resource consumption issues and instead make people put up large “interest bearing” deposits that are lost in case they do not conform to consensus.

All-in Translations:  I am suggesting internally that we should continue to accept payment for our services in cryptocurrencies but people are a bit skeptical. Are there many companies doing this? And since Bitcoin for example can be exchanged for euros, what is ultimately the difference? Is it merely that of the exchange rate? Are there ways of accepting payment in different cryptocurrencies without this causing a headache for our accountant? 
Lars:  You absolutely should. There is a tremendous market opportunity for All-In Translations by participating in this market, due to your established global reach and excellent reputation. There will necessarily be complications, but services such as BitPay will let you invoice clients in your currency, but accept cryptocurrency as payments which are then automatically converted to fiat. There is also an argument to be made that the financial system is changing – Bitcoin with all of its issues offer significantly faster (and typically cheaper) transactions than are possible with traditional international payments. With the economy of traditional currency overloaded with debts, modern currencies may be a good hedge against another financial crisis. One thing to be mindful of, however is the resistance and outright hostility many banks have to cryptocurrencies as the democratization of payments and ability to directly own your own currencies threaten their very existence.  
All-in Translations: Clearly you have a strong focus on language localization. Has this focus been a contributing factor to your success? And if yes, in what way?
Lars:  Our goal is to be a global operator. We’re a platform dedicated to esports, which is massive across the world. Clearly, we need to be able to engage and communicate with people in a multitude of languages as these are our potential customers. Community will be a huge part of how Luckbox grows and retains customers – players need to be able to talk to each other and our staff. Even before that, though, is our crowdsale – the project is being supported by contributors from across the world. But for that to happen, we need to be able explain what we’re doing and, more than that, the nuances of a quite complicated process and what makes us trustworthy and the project credible. So while we do not yet have a large array of languages available, the fact that we WILL have it, and that we are working with a reputable partner makes a lot of difference.
So what’s next with All-in Translations and our cryptic… sorry I mean crypto adventure? We already have several clients lined up so the agenda now is to:
♣ Find and hire more translators and writers that understands this better than me.
♣ Examine the language used and look at how we can convey it in a meaningful way, perhaps avoiding an excessive amount of Anglicism. “The bible” on how to localize texts related to blockchain, mining and cryptocurrencies has not been written yet and we intend to be first to market here. 
♣ Figure out if and how we can make it easier for companies to use our services by accepting payment in cryptocurrencies.
PS: Did you know that the first bank we used in Malta struggled with spelling and incorporated our company as ALL-IN TRANSACTIONS? You can read more about that (and get advice on how to apply for a job with us) here. But what’s in a name, right? Well, we have a feeling that vergecurrency.com might have some challenges in the French speaking parts of the world. After all we are talking about digital, not genital, currencies.
*The same goes for esports, which also seems to be a natural progression from iGaming, which will of course remain our main focus.


♣ Cryptocurrency: A specific form of digital currency which utilizes encryption technology (or ‘cryptography’) in regulating the creation of currency units and verifying the transfer of funds between parties. Cryptocurrencies are decentralized and do not rely on intermediaries like banks. As such, international bank transfer fees are not imposed on global transactions.
Digital currency: A currency which exists exclusively in an electronic format (i.e not in a physical form). Some digital currencies are considered legal tender by governments, while others are recognized only by their users.
Blockchain: Best described as a public ‘digital ledger’, the Blockchain is a continuously growing record of crypto transactions. The nature of the Blockchain means attempted modification is extremely difficult, as changing one ‘block’ in the transaction chain requires the changing of every other block to which it is connected. Blockchain is managed by peer-to-peer networks and typically allows for transactions to remain anonymous.
John McAfee: An influential computer programmer who founded McAfee Associates, the company behind the first successful anti-virus software.
Mining: A term to describe the process of adding transactions (or blocks) to the Blockchain, which subsequently creates a record of the transaction.
Cryptowallet: An online wallet where one can securely store their digital currency. A cryptowallet is typically connected to a regular bank account or debit/credit card so that the digital currency can be exchanged into one’s local currency.
Bitcoin: The most popular and valuable cryptocurrency, and the most famous form of decentralized currency. Bitcoin is open-source, meaning the software’s source code can be accessed and modified by anyone.
Bitcoin network: The peer-to-peer network which operates according to cryptographic protocol and allows for transactions between Bitcoin users.
BitPay: An international payment service provider focused on Bitcoin. BitPay is the largest Bitcoin payment processor of its kind.
Smart contract: A computer protocol that facilitates, verifies and enforces the adherence to a contract, allowing for credible transactions peer-to-peer without the need for a third party.
Disruptive technology: A new technology which becomes a game-changer for an existing industry, by rendering previous technologies irrelevant or unnecessary. A disruptive technology might also refer to a technology which is so ground-breaking it created an entirely new industry.
Proof-of-stake: The concept that Bitcoin users have more mining power depending on the number of bitcoins they have in their possession. The more bitcoins a user has, the easier it is for them to mine more bitcoins. This lessens the burden of the traditional time- and power-consuming mining which is described as ‘proof-of-work’.
Crowdsale: A crowdsale generates funds for a project in its development stage and awards contributors ‘tokens’ that can be used in relation to the project once it is completed. One might donate to a crowdsale because they believe in the pitched product or service’s potential, and because they want ‘tokens’ to spend on that product or service once it is launched.

WRITTEN BY:Roy Pedersen


  1. Vulkan Vegas looks like a professional casino with a lot to offer. At first glance, the platform seems quite simple; however, they genuinely go out of their way to produce some really cool

    Vulkan Vegas brings you a different take on the betting platforms you’ve become so accustomed to. This platform is fresh and exciting. What adds to the appeal is the riveting bonus

    cod bonus vulkan vegas cazino

    From this Vulkan Vegas casino review, it’s evident that it has a lot to offer. Ranging from the vast assortment of games with new ones constantly being added to the fantastic

  2. options for cracking of seamless alloy plumbing

    fresh, your own boss very little newlyweds routinely stumbled upon customer feedback in the process of talking to valued clientele. throughout their final procurement know how, sometimes they came across the actual issue of great coming from obtained alloy conduit, generally concluded in great equipment great quality dilemmas as well as,while brought on vehicle. a major passing. Next,prolonged aluminum output co,Ltdwill give you an review attached to examples of the main indicators of the fact that causeseamless steel pipecracking.

    consider some of the main ideas that induce seamless all steel metal tube popping? There are typically another troubles:

    to save costs, a lot of smooth precious metal water pipe companies in the industry uses round of golf made by compact vegetables intended for calculating, still rounded metal generated by such little factories definitely will comprise of the majority impurities, pockets, Interlayers, follicles, as well as, which will definitely stimulate crevices as a result of postage administration. ailment. PMC iron pipe spherical cafes are ordered between Bao, Huaigang together with higher quality round bars, And the source is often safe.

    2. unsuccessful grill therapies ambient temperature management

    minor types have no guru developing information and after that machinery. working area workers is not able to secure large enough. heat treating the stainlesss steel [url=https://www.bestbrides.net/asiame-reviews/]asiame.com reviews[/url] pipe is within position while using boiler temp and / or entire length by myself, And the warmth health care will alter the kinetic properties in the steel water line. in addition, traditional organizations do not have free impulses several shiny marks, wall thicknesses, electro-mechanical hotels, and so on, without any trying goods to see whether the water pipe features accessed the results evidence needed by the customer.

    does PMC regulate manufacturing?

    each one bowl of all shiny hoses put together by PMC has got crystal clear local climate and moreover transfer signs or symptoms concerning reduction, Annealing and as a result tempering, and a tensile test is usually concluded to determine whether the device fits the overall performance needed by the customer. two-way force must be rubbed for the time of straightening. should the owner just isn’t qualified adequately enough, the exact styling allow dimension heavy, along with the solid walled line will result in inside harm and breaches if the potency of the not really walled easily managed. re-decorating the actual cause of the cracking from your stainless steel conduit inside later on juncture.

    4. painting deformation

    If the drawing deformation is too big, stainlesss steel conduit spaces are likewise established, causing the material pipe to compromise in subsequent handing out. lively hose presents down elongation, most 7 8%, gigantic deformation, substandard elongation; miniature deformation, exceptional elongation. a handful of moderate manufacturing businesses scrimp and moreover in order to save workmanship. those three deformations have been been altered that can two, which enhanced the entire deformation and formed elevated stress to successfully cause great.

  3. So, you need to be active, due to the fact that even if a girl notices you, she won’t generally approach you first. To avoid that, you need to be certain that you absolutely understand your girl so you can intend your future together. Yet if you are intending on dating or marrying Filipino women, you should understand about dating Filipino ladies. When you see the varieties of Filipina women that get here in the US as well as other western countries every year, it’s only all-natural to wonder what is so special regarding Filipino mail order bride-to-bes. What kind of guys Philippines mail order bride-to-bes are looking for? There is no requirement to begin discovering Filipino wedding customs on the very first day, however mail order better halves from the Philippines don’t like it when guys doubt of what they want. And that is only the idea of the iceberg of details that you require to learn about beautiful Filipino mail order bride-to-bes. You require to do study, checked out discussion forums, as well as highly count on luck if you choose such a dating way. Being forgiving of some customs of their culture can go a long means.

    However a smart Filipino bride will certainly discover a method to reveal her rate of interest. Likewise, when you find Filipina bride, you’ll be astonished at how much more standard they are when it concerns the department of typical gender functions. Likewise, several ladies think that they attend to their family members far better and also be more devoted as well as liable. Additionally, lovely Filipino women find good-mannered guys really appealing, so do not be too intrusive when sharing your real sensations, also if you adore your date. In 2019, 7,134 stunning Filipino new brides arrived in the United States to obtain wed, which suggests that Westerns love getting a Filipino partner. Generally, a Filipino better half is weding a 6-11 years older companion, which suggests that Filipino girls are right into elder people. Filipino Brides – Why Are They Perfect For Western People? Choice in males is very subjective, as lovely Filipina brides enjoy various sort of men.

    European guys treat their females. European men that are much more on the shorter side. A great deal of guys desire for finding their excellent bride-to-bes from the Philippines today. Why select Filipina new brides? Why do foreign males select Filipino songs among various other Oriental nations? 1. Filipino bride-to-bes enjoy older guys. These girls are incredibly attractive, like Western men, and also are open to worldwide marital relationship. No one claims that global relationships are incredibly very easy, however no relationships are if you do nothing for comprehend your partner better. Attributes that vary from someone to one more. Make your purposes clear. Your intents could be good but the woman you like could misinterpret them. When you like someone, you ought to recognize how to behave. The Philippines are a nation you most likely do not recognize much concerning, besides it’s residence to a few of the most lovely females in Asia as well as around the world. Eastern and also Western societies are polar apart in some views on the world. In reality, in Asia, Filipino ladies may be assumed of as some of the open among Eastern girls. A lot of Filipino ladies look younger than they really are, which is common among Japanese new brides, Chinese beauties, Thai brides, and also other Oriental ladies.

    So allow’s take a better look at the list of different tips to conquer the heart of your unique elegance. When looking for a potential husband, they look more at exactly how he treats them, not an economic situation. Before meeting with her moms and dads, do not neglect to prepare as well as find out more about their custom-mades and also traditions, do not be worried to ask them, as conversations on such topics will be incredibly pleasant for them. But when fulfilling Filipino brides moms and dads, do not expect them to talk well-versed English, as great education and learning had not been obtainable also 25 years earlier. Maturing with rather rigorous Filipino new brides’ moms and dads, regional females are instructed to be good little girls, partners, and also mothers. Most of neighborhood women, particularly Filipina mail order bride-to-bes that you can satisfy on a dating website, are Filipina searching for American hubby for life, not a fling. The bulk of Filipino women talk English really well. Typical upbringing likewise left an imprint on exactly how Filipino girls for marital relationship see a perfect connection. Dating a lovely Filipino lady is challenging as various beliefs, cultural peculiarities, and also way of thinking can test your partnership. Be charitable. This does not imply that your Filipino woman wants you to get her exclusive.

  4. [url=https://zithromaxforsale.shop/#]zithromax online usa no prescription[/url] buy generic zithromax online

  5. [url=https://xn—77-5cdbj8bmbdpybeobpkdi10a.xn--p1ai/]временная регистрация[/url]

    Наша общество предлагает комплексные услуги по юридическому сопровождению в процессе оформления временной регистрации в Москве. В штате только профильные юристы, которые гарантируют успешное получение ВР в любом регионе для нужный вам срок.

    временная регистрация

  6. [url=https://doxycyclineforsale.life/#]where to buy doxycycline in singapore[/url] doxycycline acne

Leave a Reply

Your email address will not be published. Required fields are marked *