Indianapolis man buys two $1million lotto tickets in just three months

Indianapolis man buys two $1million lotto tickets in just three months

By Associated Press 14:12 30 Jul 2014, updated 18:49 30 Jul 2014

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Robert Hamilton spent the first $1M to pay off debts and invest in his business and will buy a motorbike with the rest
His wife says the money will not change their lives and they continue to work
Odds of winning a top prize are one in 1.2 million
An Indianapolis man has won two $1 million lottery prizes in the past three months.

Robert Hamilton won $1 million from a scratch-off ticket he bought last week at an Indianapolis convenience store, Hoosier Lottery officials say.

His other big win came in April in western Indiana’s Jasonville while traveling to a conference.

Robert Hamilton beat the one in 2.1 million odds two different times playing the Hoosier Lottery’s Cash Spectacular scratch-off game
Hamilton says he used his first prize to pay off debts, buy a home and invest in his business. He now plans to buy a motorcycle.

Hamilton will continue to work and his wife Donna told WishTV.com that the prize money won’t change their lives too much.

More…

Jesse Ventura wins $1.8million defamation suit against estate of America’s deadliest sniper: Chris Kyle’s widow ordered to pay up over story of 2006 bar fight
He did it! Cancer survivor, 16, whose insurance company refused to pay for dentures after radiation destroyed his teeth manages to raise the $11,000 on his gofundme page in just 20 hours
http://wishtv.com/2014/07/30/indy-man-wins-1-million-lottery-prize-for-second-time/
‘We’re just everyday, normal people’, she said.

The lottery says Hamilton’s tickets are among eight top prizes for its $120 Million Cash Spectacular Scratch-off game.

Lottery officials say the odds of winning a top prize from the game are one in 2.1 million.

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Sinogreen rises on Macau target

Sinogreen rises on Macau target

Ling Wang

Tuesday, July 29, 2014

Shares of Sinogreen Energy International Group (1159) rose 46 percent after “Asia’s new King of Gambling” Lam Yin Lok proposed a full acquisition of the firm and it revealed plans to enter Macau’s gaming market.
Sinogreen Energy, which trades in conductive silicon rubber keypads and associated products, will sell 325 million new shares or 65.89 percent of enlarged share capital to Lam, Creative Cosmo and New Elect at HK$0.35 each, a 94.31 percent discount to the closing price of HK$6.15 per share after adjustment.

Also, it will issue to Lam notes which can be converted to 159 million shares at HK$0.35 each. Total amount payable for the subscription of the convertible notes is HK$55.65 million.

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For the rest of the shares, Lam will be required to make an unconditional mandatory cash offer, involving HK$35.24 million. Among total proceeds of HK$164.40 million, HK$96.90 million will be used to start a gambling junket business in Macau, HK$37.50 million to repay debt and HK$30 million for general operating purposes.

The company said Lam’s subscription can help diversify its business and extend it to Macau’s gaming market.

Lam is a serious force in Asia’s massive market for high rollers, and his junket operator – Jimei Group – already operates rooms in Macau’s Grand Lisboa, MGM Grand, The Venetian Macao and Wynn Macau casinos.

Further, the company reorganized its capital. Every five issued shares of HK$0.1 each will be consolidated into one consolidated share of HK$0.5, effective September 12.

CrowdCurity Raises $1Million to Crowdsource Security for BitCoin Startups

CrowdCurity Raises $1 Million to Crowdsource Security for Bitcoin Startups
By Greg Anderson, July 29, 2014, Leave a Comment
For many hacked-together startups, security is an afterthought. But for bitcoin-related startups, and other companies where money is moving through their system, security is a make-it or break-it factor. There are plenty of white-hat security firms out there that will run some tests on your project, but you’re relying completely on one firm. To help startups run more of a bug-bounty program (like what Google and the other big companies do) and to make security more accessible, Denmark-founded Crowdcurity crowdsources these security tests and just announced it has raised $1 million.

Leading the round was Tim Draper and Kima Ventures. And following were strategic investors Gerhard Eschelbeck, CTO and SVP of Sophos; Dr. Fengmin Gong, Cofounder and Chief Architect of Cyphort; and Mountain View-­based incubator 500Startups. Julie Cullivan, CIO of FireEye, will act as an advisor to the team.

For pricing, CrowdCurity uses a method similar to 99designs, where you can give a basic tier of rewards, and a “super” tier of rewards for found bugs. Presumably the higher-quality researchers will stick to the Super tier, where they can make $2000 for a “high reward” or $500 for a “medium reward”.

CrowdCurity says it undergoes a strict vetting process with Know Your Customer protocols when selecting security researches who get access to the bug bownty programs. Additionally the company integrates with developer tools like GitHub to simplify patching for its customers.

Since we’ve last covered the company they’ve fleshed out their security researchers number, and have found a good niche with bitcoin startups. To date, CrowdCurity has a community of over 1,200 security researchers and has run 90 bug bounty programs.

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Galaxy Ups Ante in Macau with new $2 Billion Casino Resort

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Winklevoss twins launch API for BitCoin index

The Winklevoss Index (referred to as the WinkDex), which launched back in February, is a blended Bitcoin index that they hope will become the canonical Bitcoin price for Bitcoin companies all over the world. The index is run by the Winklevoss twins: investors who were involved in the early creation of Facebook and have expressed considerable interest in Bitcoin in recent months. The WinkDex collects data from Bitcoin exchanges all over the world, and merges the data together to calculate an accurate price. The WinkDex was developed in an attempt to provide an accurate way to price assets for the Winklevoss’ upcoming Bitcoin trust.

The WinkDex has already seen some success (the trust is supports is going to be listed on NASDAQ), but today Fortune magazine reported that the WinkleVoss twins will be releasing an API to allow a number of Bitcoin-based services to use the Winkdex price automatically. This would be useful for everyone from e-commerce giants trying to keep BTC prices pegged to a USD value, to Bitcoin trading bots looking for arbitrage opportunities.

Cameron Winklevoss told Fortune:

“We’ve spent a lot of time trying to build a really cool tool. Obviously the index will be big for us because it will be used to price any future ETF. But we also wanted to build on this for the betterment of the Bitcoin community. […] There’s going to be volatility, naturally, in any system that is new and getting its footing. But I think if you and I are trying to price some good or product, having a smoother near-term price makes more sense. A blended Bitcoin price is important, because you want to smooth it out and use a two-hour window. We look at every single trade.”
While is only a first step, it is an important one, Cameron emphasized. He said:

“That’s the fun part a little bit, is not knowing what the hell people are going to do on it. It’ll be really interesting to see what people do. And even though ostensibly an API of a pricing product is not super sexy, this matters to the Bitcoin community.”
If the WinkDex successfully becomes the standard, and is used across the Bitcoin industry, it will further the twins apparent goals of becoming a bridge between the Bitcoin and traditional financial sectors, serving as a legitimizing force for Bitcoin industry and a change-bringer for traditional finance. Both are profitable roles, and both would help to provide an element of stability to the often ephemeral nature of Bitcoin establishments.

“airBaltic” Becomes World’s First Airline to Accept “BitCoin”

”airBaltic” Becomes World’s First Airline to Accept “‘Bitcoin”

Latvian national airline ”airBaltic” has become the world’s first airline to accept ”Bitcoin” as payment for the airline’s services. ”’airBaltic” has been ranked among TOP 10 most innovative airlines globally. Introducing the ”Bitcoin” payment option is a part of its innovative approach to service with a central focus on customers.
”airBaltic” accepts ”Bitcoin” as payment for tickets on its website www.airbaltic.com. The ticket prices on the website are displayed in euros. When ”airBaltic” customers pay for their flight, their ”Bitcoins” are converted into euros at the current exchange rate.
To make accepting ”Bitcoin” possible, ”airBaltic” teamed up with ”Bitpay”, a third-party payment processor that converts ”Bitcoins” into euros. The ”Bitcoin” payment option is available when purchasing the cheapest tickets, known as ”airBaltic Basic class”.
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Buy Amazon Gift Cards with BitCoin

Buy Amazon Gift Cards with Bitcoin
During 2014, many large web merchants have begun accepting bitcoin, including NewEgg, 1-800flowers, TigerDirect, Expedia, Overstock, fiverr & dish.
One noteable merchant who has not yet come to the bitcoin table is Amazon. Which is kind of odd, since they have been one of the most sought after sites to spend bitcoin on since bitcoin began.
In fact, SpendBitcoins began as a way to buy Amazon gift cards with bitcoin, as a sort of workaround. While we no longer offer this service directly (as we now focus our efforts on promoting the over 100,000 merchants that now accept bitcoin), we do promote a company called gyft.com that sells Amazon gift codes for bitcoin.
Buying an Amazon gift code through gyft is a very simple process. In fact, spending bitcoin on Amazon takes almost no extra time when using gyft as a go-between.
Here are the three easy steps:
1. Fill your Amazon shopping cart with everything you would like to purchase to get your order total.
2. Purchase an Amazon gift code from gyft.com (round up to account for tax and shipping).
3. Back at Amazon, checkout and enter your gift code as your payment method.
Easy! You’ve spent bitcoin on Amazon!
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An interview with Bare Oaks Family Naturist Park

An Interview with Bare Oaks Family Naturist Park, the First Nudist Resort to Accept Bitcoin

Josiah Wilmoth 29/05/2014 Accepts Bitcoin, Business, Interviews, News 1 Comment

Courtesy of Bare Oaks Family Naturist Park
Since Bitcoin’s dramatic rise in 2013, scores of businesses in a variety of industries have begun accepting cryptocurrency as payment for goods or services. Bare Oaks Family Naturist Park, a Canadian nudist resort located near Toronto, recently became the first in its field to accept Bitcoin payments, making the announcement in a blog post (note: business website contains NSFW images).

Stéphane Deschênes, owner of Bare Oaks, graciously agreed to answer some questions about his decision to accept Bitcoin and how he anticipates it will factor into his long-term business plan. He also offers some advice to businesses who have considered accepting Bitcoin payments but are a bit anxious about making the change.

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CCN: Many of our readers are likely not familiar with the philosophy of naturism. Could you give a brief definition?

SD: The official definition provided by the International Naturist Federation is: Naturism is a way of life in harmony with nature, characterized by the practice of communal nudity, with the intention of encouraging respect for oneself, respect for others and for the environment.

The most salient aspect to outsiders is the nudity. But it is not about nudity. Nudity is the tool that leads to body acceptance, so it is an integral part of our naturist philosophy. But it is not the objective.

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Some might call us nudists. But we prefer naturist because it is so much more than just taking your clothes off. We see it as a life philosophy with physical, psychological, environmental, social and moral benefits. The term nudism makes it sound like it is just about nudity.

What services does the Bare Oaks Family Nature Park offer to visitors?

SD: I often describe us as a hybrid of a campground with roofed accommodations and a country club. The former is for overnight guests (weekends and vacation) although some maintain a permanent weekend getaway place. But for our day visitors it is more of a country club. Those who live less than an hour away come and only use the facilities for the day. That is about 70% of our volume. But overnighters spend far more money.

We have a lot of the things you would expect to find in those places: beach, pool, restaurant, volleyball, sauna, whirlpool, shop, playground, etc…

What sort of visitors does your park attract?

SD: Every type: every age, every profession. One of the frustrations in trying to market naturism is that there is no demographic or psychographic that I can find that identify those who are most likely to try naturism. There is a slight skew towards higher education and higher income. But that’s probably due to the fact it costs money to get there and to join.

It is a misconception that naturists are just old fat men. We have had no problem attracting young people. But there are certainly old naturist clubs out there who haven’t been successful in keeping up with the times. Those places do have trouble attracting anybody new.

Bare Oaks has recently begun accepting Bitcoin payments. What led you to decide to accept Bitcoin as payment at your resort?

SD: I was reading news stories about it, and it intrigued me. As I did more research, I realized it had advantages for both my customers and my business.

How many customers have made a purchase using Bitcoin? How have customers responded to this decision?

SD: So far two. One in person and one online. But to be fair, the first one, in person, was directly invited to do so by me. I needed a test of our system. But the online sale ($114 for books and magazines) was totally unplanned. It was even more interesting because he is in Australia. It highlights how easily commerce can be done across borders with Bitcoin.

What benefits do Bitcoin payments bring to Bare Oaks and your customers?

SD: For me, it is easy to manage, and the transaction cost is low. It has the convenience of credit cards with the transaction cost of cash.

For my customers, it probably depends on the person. I believe that some will appreciate the relative anonymity of the transaction. Some of our guests believe that they will be judged because they are naturists. I think that’s blown out of proportion. We’re not in the 1950s anymore. But I can’t argue with their feelings.

Others will probably like Bitcoin either because it is novel or because they find it convenient.

Is Bare Oaks using a payment processor to accept Bitcoin payments or do your customers send them to you directly?

SD: We use BIPS.me to manage the transaction. They make it simple to do the price/invoice conversion from CAD into Bitcoin.

Do you think that Bitcoin is a fad, or do you think that it could become a part of your long-term business plan?

SD: I would like it to be a part of my long-term business plan. I would be very happy to accept Bitcoin and be able to keep it as Bitcoin so I can then use it to pay suppliers and employees.

I don’t think it is a fad. While popular with some, it has yet to hit the mainstream. Bitcoin is getting a lot of press and attention from government. But there are still relatively few regular people out there using it. For it to be a fad, it would need to become fashionable in general society.

As long Bitcoin maintains its value (i.e., that you can convert it back into fiat currency) it will continue. There [are] too many people and organizations that find Bitcoin useful (yes, some are criminals) for it to lose its value. I think they will make sure that the currency keeps going. And if it does, then acceptance will continue to grow with everybody.

What advice would you give to businesses who are on the fence about accepting digital currency payments?

SD: Just do it! It doesn’t cost anything to offer it, and you have a lot to gain. We are not in business to tell our customers what to do. We’re in business to make it easy for them to buy our products or services. So if they want to use Bitcoin, then you should accept Bitcoin.

Bare Oaks Family Naturist Parkbitcoin payments

ABOUT THE AUTHOR

Josiah WilmothJosh is a writer for CryptoCoinsNews.com. He holds a B.A. in History from Regent University. In addition to writing for CryptoCoinsNews.com, Josh is the editor of QuarkUniverse.cc, a website dedicated to the growth and longevity of the Quark community.

BitCoin price speculation

Bitcoin Price Speculation – Lessons Learned From Trading Stocks

Joris de Ruiter 28/07/2014 Bitcoin Analysis, Bitcoin Trading, Investment, News 1 Comment

Bitcoin price prediction and chart analysis are among the most popular topics on Bitcoin. That’s okay, nothing wrong with a little speculation. But there’s a lot more to making a profit than ‘reading the charts’ and following the news. I certainly learned in my days as a day trader in the stock market.

For a year, I was possessed with finding a way to make a profit in day trading. I frantically read the news and analyzed charts looking for clear patterns. Some strategies worked for a short time. Then the price level suddenly changed direction, and I was at a loss. Theoretically and psychologically, I just wasn’t up for this. But in all the efforts I learned the following:

CCN
1. 70% – 90% of traders are losing money

If only I had known. Whether trading gold, commodities or currencies, most traders lose money. Why is this? Because in the trading game, you are betting against all other traders, and many are smarter than you. They have more years of experience in trading, they have access to colleagues with more experience, and they have access to the news before you do. It’s like fighting Mike Tyson in boxing. You can give it a try, but please know what you’re up to.

William Eckhardt describes it as follows in the book “The new Market Wizards”:

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If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose (The New Market Wizards).

Being different by leaving your fear and greed behind has often been mentioned as necessary in trading. I have experienced how psychologically difficult that is. Ignoring your instinctual human emotions and habits is really hard.

Even then, with everything in check, you are betting against more experienced traders. In the Bitcoin world there are enough beginners to profit from, but eventually professionalism will reach the Bitcoin trading market too. You are currently betting against Bitcoin enthusiasts reading every thread on Bitcointalk. Soon you are betting against market professionals with 5+ years experience in trading. Good luck. For me, day trading it out for sure.

2. Prediction is impossible

It is shown to be impossible to consistently and accurately predict a market weeks or months from now. Many studies show that banana picking monkeys — or blindfolded dart-throwing humans for that matter — are as good in predicting stock movement as financial experts. Yes, you read that right. Here is study one, two, three and four to back it up.

Truth be told, investment managers also manage risk and diversify their clients’ portfolio, so there is some legitimacy to their services, but when stock experts don’t know any better than monkeys if prices are going up or down next months, there is some serious questions to ask.

Being an Artificial Intelligence student, I figured it would be possible to create a market prediction model. Of course I wasn’t the only one with that idea. Predictive analytics are now used by investments firms as a new tool in predicting prices. For these algorithmic traders it is by no means a golden bullet, but rather an added tool. Even twitter is used for predictions and ‘beating the news’.

With all the Bitcoin data publicly available it would be perfect for the Bitcoin world. There is recently an attempt done on the Bitcoin market: Bitcoin Price Prediction Tool.

While I cannot vouch for the accuracy of it, the comments have spotted at least one beginner mistake:

I’m hugely impressed indeed – by the inaccuracy of this tool.
Currently, for the 5-day chart, it predicts a rise from $614 to $637
For the same 5-day period in the 20-day chart it predicts a decline to as low as $540. Sounds legit …

I have learned that a Neural Network can be amazingly accurate in learning anything, but they easily overlearns, being too specific about the past to make accurate predictions for the future. A trend line would be more correct, to put it simply. But the biggest problem is that results from the past offer no guarantee for the future. At times its easy to predict the market, at other times markets are acting irrational.

3. Technical analysis is challenged

One redditer ironically commented on a charting article: “Because charts determine future price. You just have to draw enough lines. Apparently”. We all know the technical analysis articles: Lots of lines, Elliot waves and Fibonacci retracements. They usually leave me drawing more lines, because lines can be drawn in so many ways. Then the next day, the price goes into a different direction. Many technical analysis articles anticipate this by giving both a down-trend and uptrend possibility. But this catch-all doesn’t help a trader make a decision.

Liberty Music Store

Liberty Music Store: Selling Indie Music for Bitcoin Made Easy

Jeran Campanella 26/07/2014 Accepts Bitcoin, Bitcoin Merchants, Exclusive, Interviews, News, Reviews 2 Comments

Selling Indie Music for Bitcoin Made Incredibly Easy
In a world of confusion and chaos, it is rare to come across a site that is easy and has the user in mind from the start. If you are a start-up e-commerce store or an indie artist, it is tough to sift through the myriad of companies claiming to offer the best venue and lowest price to sell your products or digital music. Sometimes you get lucky and run into an option that is easy and well built, and when you checkout Liberty Music Store at libertymusicstore.net, you’ll find another word that may floor you, free.
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The Bitcoin Music Store for Artists

Liberty Music Store is currently a one-man weekend hacking project designed by its owner Mikko Ohtamaa. What started as a proof-of-concept project, showing the adaptability of Bitcoin with online digital content sales has turned into a Bitcoin Store for artists.

When I asked Mikko why Liberty Music Store, he replied:

“I wanted to do something in the Bitcoin space. It was driven mostly by my curiosity towards the upcoming virtual currency revolution. On my travels, I met some interesting artists with mind-blowing ideas and here we are.”

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The site makes it incredibly easy for any artist who wishes to sell their own music, on their own website and accept bitcoin. The product is 100% working, though it may need a little work to make it ready for the masses. Since the site is not fully ready, Mikko has decided to keep registration private for now. He is currently looking for any indie music artists or even those in the mainstream to come aboard as beta users and try it out. After a few more artists join, and add the bitcoin music store to their site and make some sales, Mikko hopes their comments on usability will help him put the finishing touches on the site. Personally, I wanted to try the site out, so I went to buy a song from one of Mikko’s debut artists, YESConnie – from the “High Vibes Volume I” album. You can take a look at what the store looks like and sample the music here.

It’s Not iTunes

What struck me was the simplicity, and this is, of course, one of the benefits of bitcoin that people are starting to see. I did not need to sign up for an account, or enter my credit card number. What makes it even better, is knowing that the artist is getting the entire payment. There is no worse feeling than buying from iTunes where the indie music artist is lucky if they get 10% of their songs purchase price. Sound crazy? According to the National Association of Record Industry Professionals here , sometimes an artist might get as little as 3-4 cents from a song purchased on iTunes. Bitcoin and Liberty Music Store is where an artist can level the playing field. By contacting Mikko and getting the Liberty Bitcoin Store on your site, you can keep every bit of the price you charge. What makes that even better, is there are no minimums. You could charge $0.25 per song, and you don’t have to worry about PayPal or Credit Cards stealing, I mean taking, any of the purchase price. I thought Mikko put it both eloquently and bluntly in our conversation when he said,

“As a hacker I find Bitcoin to be “money with an API.” If you have worked with payment providers, you will find that they have a tendency to screw over the little guy. Having less dependency to centralized big players will ultimately democratize the world more: it will enable innovation which wasn’t possible before because anything related to financials required considerable resources to get started. Now bitcoin can disrupt the industry and is good for the consumers: more selection, more competition, reaching more developing markets. Liberty Music Store is a manifesto of this. Without Bitcoin, one lonely nerd could not have come up with an iTunes competitor in his basement.”

The song preview and pricing screen is clean and simple
Buying was as simple as it can get. It is obvious that Mikko is attempting to knock the barrier down for artists to do indie music sales. You can listen to an audio sample of each track effortlessly and the prices are listed clearly as well as the price for the entire album. See below as the stores look very clean.

To sample some of the music yourself click here. Then when you’re ready to pay, Mikko’s two-click system goes to work and could not be easier: click the payment link next to the song, it opens your wallet and then you accept the purchase. The download starts automatically after this. No sign ups. No hassling with credit card numbers. Seen below, The QR Code is there as well as the pay to address. You can click to pay from your wallet or just copy the address, and that’s all! The download is ready for you.

Liberty Music Store makes Selling Indie Music Easy
Mikko tells me the process is just as simple for the artists as well. Upload a ZIP file containing your songs. Name your price. Then you’ll receive the HTML code you can put on your site. It is a code that you copy and paste, then drop in, same as a Facebook “Like” button, or embedding a video in your status update. On top of all that it is naturally 100% transparent, 100% open source, available on Github here. So far, Mikko is working with two artists who are piloting the store. Check them out, sample some free songs and checkout the process from Liberty Music Store!

The First Two Musicians Add Liberty Music Store To Their Sites

Tatiana Moroz and her album “Love and Liberty”

YESConnie and the album “High Vibes Volume I”
So, who is next? Are you an indie musician, part of a band or have friends that need an easy way to get their music out there and maybe make some bitcoin in the process? Contact Mikko soon so you can get in on the beta testing.

Contact Mikko Ohtamaa

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You could have your site populated with the Liberty Music Store in no time at all and be sending your family and friends the links to your tracks just as fast. Innovation is cool, but when innovation is combined with the idea of leveling the playing field and giving you the same chance as Lady Gaga at selling your digital tunes, it’s amazing. Think of it this way, if you charge $1.00 per song by joining with Mikko and LibertyMusicStore.net, it will take Lady Gaga selling 10 of her songs on iTunes, to make what you will make selling one song on your own site.

Here was the rest of my conversation with Mikko Ohtamaa:

CCN: When did you get involved with the internet and what led you to start exploring bitcoin?

MIKKO: I have been doing programming since I was a kid and started to do web development around 1995, so I have kind of hacker background. Regarding Bitcoin, I think we all share one of these stories. I first heard about Bitcoin back in 2011 at a technology conference from my German friend who was into cryptography. He made me an offer to build a Bitcoin mobile wallet app for around $10,000 USD for the research purposes. The payment, of course, would have been in Bitcoin. Regrettably I was too busy. If I had accepted the offer, I would not need to work today or ever again. I started to work with Bitcoin full-time since the first big Bitcoin bubble in 2013. A friend of mine was running a Bitcoin business, its popularity had just exploded and there was a need for helping hands.