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Selling your Covered Call - Thoughts on How to Select Your Strike and Expiration

Congratulations! You are a bag holder of company XYZ which was thought to be the best penny stock ever. Instead of feeling sorry, you consider selling covered calls to help reduce your cost basis - and eventually get out of your bags with minimal loss or even a profit!
First - let's review the call option contract. The holder of the call option contract has the right but not the obligation to purchase 100 shares of XYZ at the strike price per share. This contract has an expiration date. We assume American style option contracts which means that the option can be exercised at any point prior to expiration. Thus, there are three parameters to the option contract - the strike price, the expiration date and the premium - which represents the price per share of the contract.
The holder of the call option contract is the person that buys the option. The writer of the contract is the seller. The buyer (or holder) pays the premium. The seller (or writer) collects the premium.
As an XYZ bag holder, the covered call may help. By writing a call contract against your XYZ shares, you can collect premium to reduce your investment cost in XYZ - reducing your average cost per share. For every 100 shares of XYZ, you can write 1 call contract. Notice that that by selling the contract, you do not control if the call is exercised - only the holder of the contract can exercise it.
There are several online descriptions about the covered call strategy. Here is an example that might be useful to review Covered Call Description
The general guidance is to select the call strike at the price in which you would be happy selling your shares. However, the context of most online resources on the covered call strategy assume that you either just purchased the shares at market value or your average cost is below the market price. In the case as a bag holder, your average cost is most likely over - if not significantly over - the current market price. This situation simply means that you have a little work to reduce your average before you are ready to have your bags called away. For example, you would not want to have your strike set at $2.50 when your average is above that value as this would guarantee a net loss. (However, if you are simply trying to rid your bags and your average is slightly above the strike, then you might consider it as the strike price).
One more abstract concept before getting to what you want to know. The following link shows the Profit/Loss Diagram for Covered Call Conceptually, the blue line shows the profit/loss value of your long stock position. The line crosses the x-axis at your average cost, i.e the break-even point for the long stock position. The green/red hockey stick is the profit (green) or loss (red) of the covered call position (100 long stock + 1 short call option). The profit has a maximum value at the strike price. This plateau is due to the fact that you only receive the agreed upon strike price per share when the call option is exercised. Below the strike, the profit decreases along the unit slope line until the value becomes negative. It is a misnomer to say that the covered call is at 'loss' since it is really the long stock that has decreased in value - but it is not loss (yet). Note that the break-even point marked in the plot is simply the reduced averaged cost from the collected premium selling the covered call.
As a bag holder, it will be a two-stage process: (1) reduce the average cost (2) get rid of bags.
Okay let's talk selecting strike and expiration. You must jointly select these two parameters. Far OTM strikes will collect less premium where the premium will increase as you move the strike closer to the share price. Shorter DTE will also collect less premium where the premium will increase as you increase the DTE.
It is easier to describe stage 2 "get rid of bags" first. Let us pretend that our hypothetical bag of 100 XYZ shares cost us $5.15/share. The current XYZ market price is $3/share - our hole is $2.15/share that we need to dig out. Finally, assume the following option chain (all hypothetical):
DTE Strike Premium Intrinsic Value Time Value
20 $2.5 $0.60 $0.50 $0.10
20 $5.0 $0.25 $0 $0.25
20 $7.5 $0.05 $0 $0.05
50 $2.5 $0.80 $0.50 $0.30
50 $5.0 $0.40 $0 $0.40
50 $7.5 $0.20 $0 $0.20
110 $2.5 $0.95 $0.50 $0.45
110 $5.0 $0.50 $0 $0.50
110 $7.5 $0.25 $0 $0.25
Purely made up the numbers, but the table illustrates the notional behavior of an option chain. The option value (premium) is the intrinsic value plus the time value. Only the $2.5 strike has intrinsic value since the share price is $3 (which is greater than $2.5). Notice that intrinsic value cannot be negative. The rest of the premium is the time value of the option which is essentially the monetary bet associated with the probability that the share price will exceed the strike at expiration.
According to the table, we could collect the most premium by selling the 110 DTE $2.5 call for $0.95. However, there is a couple problems with that option contract. We are sitting with bags at $5.15/share and receiving $0.95 will only reduce our average to $4.20/share. On expiration, if still above $2.5, then we are assigned, shares called away and we receive $2.50/share or a loss of $170 - not good.
Well, then how about the $5 strike at 110 DTE for $0.50? This reduces us to $4.65/share which is under the $5 strike so we would make a profit of $35! This is true - however 110 days is a long time to make $35. You might say that is fine you just want to get the bags gone don't care. Well maybe consider a shorter DTE - even the 20 DTE or 50 DTE would collect premium that reduces your average below $5. This would allow you to react to any stock movement that occurs in the near-term.
Consider person A sells the 110 DTE $5 call and person B sells the 50 DTE $5 call. Suppose that the XYZ stock increases to $4.95/share in 50 days then goes to $8 in the next 30 days then drops to $3 after another 30 days. This timeline goes 110 days and person A had to watch the price go up and fall back to the same spot with XYZ stock at $3/share. Granted the premium collected reduced the average but stilling hold the bags. Person B on the other hand has the call expire worthless when XYZ is at $4.95/share. A decision can be made - sell immediately, sell another $5 call or sell a $7.5 call. Suppose the $7.5 call is sold with 30 DTE collecting some premium, then - jackpot - the shares are called away when XYZ is trading at $8/share! Of course, no one can predict the future, but the shorter DTE enables more decision points.
The takeaway for the second step in the 2-stage approach is that you need to select your profit target to help guide your strike selection. In this example, are you happy with the XYZ shares called away at $5/share or do you want $7.5/share? What is your opinion on the stock price trajectory? When do you foresee decision points? This will help determine the strike/expiration that matches your thoughts. Note: studies have shown that actively managing your position results in better performance than simply waiting for expiration, so you can adjust the position if your assessment on the movement is incorrect.
Let's circle back to the first step "reduce the average cost". What if your average cost of your 100 shares of XYZ is $8/share? Clearly, all of the strikes in our example option chain above is "bad" to a certain extent since we would stand to lose a lot of money if the option contract is exercised. However, by describing the second step, we know the objective for this first step is to reduce our average such that we can profit from the strikes. How do we achieve this objective?
It is somewhat the same process as previously described, but you need to do your homework a little more diligently. What is your forecast on the stock movement? Since $7.5 is the closest strike to your average, when do you expect XYZ to rise from $3/share to $7.5/share? Without PR, you might say never. With some PR then maybe 50/50 chance - if so, then what is the outlook for PR? What do you think the chances of going to $5/share where you could collect more premium?
Suppose that a few XYZ bag holders (all with a $8/share cost) discuss there outlook of the XYZ stock price in the next 120 days:
Person 10 days 20 days 30 days 40 days 50 days 100 days 120 days
A $3 $3 $3 $3 $3 $4 $4
B $4 $4 $5 $6 $7 $12 $14
C $7 $7 $7 $7 $7 $7 $7
Person A does not seem to think much price movement will occur. This person might sell the $5 call with either 20 DTE or 50 DTE. Then upon expiration, sell another $5 call for another 20-50 DTE. Person A could keep repeating this until the average is reduced enough to move onto step-2. Of course, this approach is risky if the Person A price forecast is incorrect and the stock price goes up - which might result in assignment too soon.
Person B appears to be the most bullish of the group. This person might sell the $5 call with 20 DTE then upon expiration sell the $7.5 call. After expiration, Person B might decide to leave the shares uncovered because her homework says XYZ is going to explode and she wants to capture those gains!
Person C believes that there will be a step increase in 10 days maybe due to major PR event. This person will not have the chance to reduce the average in time to sell quickly, so first he sells a $7.5 call with 20 DTE to chip at the average. At expiration, Person C would continue to sell $7.5 calls until the average at the point where he can move onto the "get rid of bags" step.
In all causes, each person must form an opinion on the XYZ price movement. Of course, the prediction will be wrong at some level (otherwise they wouldn't be bag holders!).
The takeaway for the first step in the 2-stage approach is that you need to do your homework to better forecast the price movement to identify the correct strikes to bring down your average. The quality of the homework and the risk that you are willing to take will dedicate the speed at which you can reduce your average.
Note that if you are unfortunate to have an extremely high average per share, then you might need to consider doing the good old buy-more-shares-to-average-down. This will be the fastest way to reduce your average. If you cannot invest more money, then the approach above will still work, but it will require much more patience. Remember there is no free lunch!
Advanced note: there is another method to reduce your (high) average per share - selling cash secured puts. It is the "put version" of a cover call. Suppose that you sell a XYZ $2.5 put contract for $0.50 with 60 DTE. You collect $50 from the premium of the contract. This money is immediately in your bank and reduces your investment cost. But what did you sell? If XYZ is trading below $2.50, then you will be assigned 100 shares of XYZ at $2.50/share or $250. You own more shares, but at a price which will reduce your average further. Being cash secured, your brokerage will reserve $250 from your account when you sell the contract. In essence, you reduce your buying power by $250 and conditionally purchase the shares - you do not have them until assignment. If XYZ is greater than the strike at expiration, then your broker gives back $250 cash / buying power and you keep the premium.

Early assignment - one concern is the chance of early assignment. The American style option contract allows the holder the opportunity to exercise the contract at any time prior to expiration. Early assignment almost never occurs. There are special cases that typically deal with dividends but most penny stocks are not in the position to hand out dividends. Aside from that, the holder would be throwing away option time value by early exercise. It possibly can handle - probably won't - it actually would be a benefit when selling covered calls as you would receive your profit more quickly!


This post has probably gone too long! I will stop and let's discuss this matter. I will add follow-on material with some of the following topics which factors into this discussion:
Open to other suggestions. I'm sure there are some typos and unclear statements - I will edit as needed!
\I'm not a financial advisor. Simply helping to 'coach' people through the process. You are responsible for your decisions. Do not execute a trade that you do not understand. Ask questions if needed!**
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Is FAANG really the only way to get a combo of high pay, good experience, healthy work-life balance and job security these days?

So I am in my 20s, based in London and have been in the industry for 5 years now, first as a software engineer and later - after completing my Masters - as a data scientist. Never had a full-time job at FAANG, partially because I'm not that good at reversing binary trees on a whiteboard (had a summer internship at Google but failed the conversion interviews), partially because I never really saw getting there as my goal and haven't interviewed with any of the big companies since then.
Now, I always had this idea that at start ups, there is this trade-off that your work-life balance might be not as good - but you are much better off in terms of getting interesting experience, having more personal growth and flexibility, as well as often more money.
My personal experience so far, however, has been kinda frustrating and I can't help but feel like FAANG is superior in every single way:
It feels a bit like I've reached my "fuck it" moment and that I should just start spending all my free time on LeetCode practicing binary trees reversals to finally land a job at FAANG. So I am really just looking for opinions here. Is there indeed such a big gap in the quality of life of the FAANG people compared to everyone else? Or does anyone have any good stories about working for a small company where they would still feel safe, get a decent pay and good experience, and have time for their hobbies and families?
TL;DR: Spent the first few years of my CS career at smaller companies and can't help but feel inferior to my peers who have been enjoying their time at FAANG. This makes me think I made a bad mistake by not following the same path. The risks just don't seem worth it and this COVID crisis is kinda the last straw
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Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by ogsoftwaremalaysiakl to u/ogsoftwaremalaysiakl [link] [comments]

MLM Software with ethereum smart contract Dapp

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷 MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by MLMsoftwarecompanykl to u/MLMsoftwarecompanykl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by cryptoappfactory_kl to u/cryptoappfactory_kl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by cryptosoftmalaysiakl to u/cryptosoftmalaysiakl [link] [comments]

The Binary Book Scam extorted millions from many naive investors and scammed them

Under a continuous spike inside the number of fake binary cases inside the financial world, we advise a person to stay risk-free, secure and never ever invest a lot of money to be able to a particular broker without actually verifying who it is. Binary Book Scam is something that needs to be spoken about right now. Trying to the fact and duping men and women on the similar lines as the particular way, pretty much similar to the previous ones. Following a thorough investigation, we found out there that the company has literally duped hundreds of investors together with millions of bucks up to now.
One of the most prominent things about the Binary Book Scam is the way it was dealt wiith was the high deposit amounts that it exhibited. High returns have been promised but these kinds of high returns any time it comes in order to binary trading will be simply not achievable at all. We were indeed convinced that it was a scam. We found out there that it presented five different varieties of accounts, each of which needed a minimum deposit of $1000. The worst part had been that the features of the account sorts were not described on the website, which evidently was against the rules in the trade since Binary Account deposits usually begin from $10 for most legit binary option sites.
Back in 2017, Lee Elbaz, the CEO of Yukom, was arrested by the US FBI for wire fraud and conspiracy to commit wire fraud. If you don’t know what Yukom is, it is the parent company of BinaryBook and Big Option.
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submitted by Shubhangi22 to u/Shubhangi22 [link] [comments]

Escape from Tarkov New Player Guide 2.0: 75 Pages and packed with all the information you could ever need for success!

Introduction

Greetings, this is dumnem, also known as Theorchero, but you can call me Theo. I'm an experienced Tarkov player and I'm writing this guide to try and assist new Tarkov players learn the game, because it has one hell of a learning curve. We'll be going over a lot of different aspects of this guide, and it is going to be huge. Feel free to digest this in parts.
Additionally, this is a work in progress. I will write as much as I can in one Reddit post, but subsequent parts will be in additional comments. Google Docs Version (Note: Link is placeholder atm, but here is a sneak preview!)
Disclaimer: Tarkov recently updated to .12! That's a HUGE amount of information that I need to update. Please be patient! If there is anything I have gotten wrong or may have omitted, please let me know.
This is Primarily directed towards Tarkov Novices, but should be useful for even Tarkov Veterans. It hopefully includes everything you need to know to be able to go into a Raid equipped for success and to successfully extract with gear.
Want to play with friends? Want to have fun and learn Tarkov? Check out my discord here.

Changelog

3/9/20:
  • [Updated for .12]
  • Money making strategies completed.
  • Minor grammar adjustments, adding additional medical items.
  • Added additional resources, updated old ones.
  • Hideout section complete

Table of Contents

  • Tarkov Overview - What is Escape from Tarkov?
  • Tarkov Resources - Useful links
  • Tarkov's Maps
  • Tarkov's Health System
  • Tarkov's Hideout System
  • Tarkov's Quest System and Progression
  • Tarkov's Hotkeys to Know
  • Getting Started
  • Player Scavs
  • New Player's loadouts - LL1 Traders
  • What to Loot - How to get the most money per slot
  • Stash Management - How to combat Gear Fear
  • Tarkov Economy - How do I make money?
  • What now?

Tarkov Overview - What is Escape from Tarkov?

Escape from Tarkov is a tactical, realistic, FPS with MMO elements developed by Battlestate Games. It is currently in closed Beta. The game features several maps in which your primary character, your PMC, goes into Raids in order to find and salvage loot and useful equipment to survive and thrive in Tarkov. Death is very punishing in Tarkov. If you die you lose everything you had on you when you die (with the exception of what's inside your Container and your melee weapon) including any equipment you brought with you or what you found inside the Raid.
Enemies can be players (PMCs) or Scavengers ('Scavs') that are either controlled by AI or by players. Unlike many shooters, AI enemies in Tarkov are deadly - they can and will kill you on sight. They have recently been upgraded to act more intelligently, shoot more accurately, and react to situations on the map, such as investigating noise of gunfire or searching. It features beautiful and immersive environments, intricate and in-depth weapon modification system, a complex health system, dynamic and specific loot placement, and multiple options for engagement. Do you want to play slow and stealthy, to avoid fights, or set up a deadly ambush on an unwary foe? Or do you prefer raw combat, where only your quick wit, placements of shots, and tenaciousness determines who gets out alive? It's your Tarkov. You make the rules.

Tarkov Resources - Useful links

I take no credit or responsibility for any of the content in these links. To the best of my knowledge, these are updated consistently and are accurate, but user beware.

Quick-Reference Ammo Chart

An updated ammo chart can be found on the wiki.

Tarkov Wiki

Absolutely fantastic resource. You can visit them here.
It is a massive collection of everything that we players have been able to find.
They contain trades, user-created maps, lists of ammo, parts, weapons, loot, etc. If it's in the game, it's on the Wiki, somewhere.
I highly recommend opening the wiki page for the Map that you plan on raiding in.
Factory
Customs
Woods
Shoreline
Interchange
Reserve
The Lab ('Labs')

Map Keys and You

Huge collection of all the keys in the game. These are also on the wiki, but this page has them all on one page, and tries to inform the user if the key is worth keeping or using.
Check it out here.
This section is open to revision. Mention me in a thread (or in the comments below) about a resource and I'll see about adding it here.

Tarkov's Weapon Compatibility Guide

Pretty self explanatory. Also includes a Key guide and a Mod guide.
Check it out here.

HUGE Reference Bible by Veritas

Courtesy of Veritas (Send me his reddit username?), It's located here. (Open in new tab.) Contains: Detailed information about: Ammunition, Health, Firearms, Body Armor, Helmets, Rigs & Backpacks, Labs & Quest keys. Outdated! Needs to be updated for .12

Offline Raids - Player Practice

Offline raids is a feature added for testing and learning purposes for both new and veteran players alike. It is an incredibly useful tool.
In an offline raid, your progress is not saved. This means you don't keep anything you find, keep any experience 'earned' if you successfully extract, or lose any gear when/if you die. To access OFFLINE Raids, head into a Raid normally until you see this screen. Then Check the box indicating that you want to do an OFFLINE raid and you're good to go! You even have a choice on whether or not to add AI. You can also control how many AI enemies spawn, fewer than normal or a great deal more! You can even make Scavs fight each other. (Framerates beware.)
You can control how many scavs spawn (if any) as well as a number of other paramaters. New players should use offline raids as a tool to practice shooting, controls, movement, etc.

Tarkov's Maps

Tarkov features several maps - ranging from wide, beautiful vistas to ruined factory districts, to an abandoned laboratory where illegal experiments were being conducted. It is important to learn the maps you intend to play. In order to keep your gear, you must 'extract' at one of your designated exfiltration points. Not all extracts will be active every game, and some are conditional.

To see what extracts are available to you, double tap 'O' to show raid time and your exfils. If it has a ???? it might not be open.

Factory

Gate 3 Extract
A small, fast-paced map that was primarily created for PvP. Scavs spawn in all the time. Very close quarters, shotguns and SMGs tend to dominate here. PMCs can only access one Exit (Gate 3) without the Factory Exit Key. Good place to go if you need PMC kills as action is pretty much guaranteed. It is recommended NOT to bring in a lot of gear to Factory until you are experienced.
Factory Map in PvP is best played in Duos - due to the layout of the map, a Maximum of 6 PMCs may be present in the game. Due to the split spawn points, you effectively have 'sides' that have up to 3 spawn locations that are close together. This is why it is recommended to secure/scout enemy spawn locations. If you go in with a Duo, you at max have 2 players on your side for an even 2v2, and if played smartly you can eliminate them and know your 'side' is secure from aggression for the time being.
Upon loading in, scavs usually take a couple minutes to spawn, though this depends on the server in question and isn't super reliable. For new players, the best loadout in Factory is going to be a MP-153 Loadout - using just an MBSS (or similar bag) and ammo in your pocket to fight other players and Scavs. Scavs will often spawn with AKs and other 'vendorable' weapons, so is a good source of income.
Factory is also one of the best maps to Scav into, as Scavs can typically avoid the Exit camping strategy employed by a lot of weaker or newer players in order to secure gear, because they typically have extra exfiltrations whereas PMCs without the Factory Exit Key are stuck using Gate 3.
If you go in with a modicum of gear, it is recommended to keep at least a flashbang (Zarya) in your container. This will allow you to quickly slot it into an empty chest rig or pocket so you can throw it into the exit door, this will flash enemies and is cheap to do - the one time you survive because you flashed the 3 exit campers using shotguns will make this strategy extremely valuable.

Customs

Extract map
A fairly large map that was recently expanded and is expected to receive an overhaul within a patch or two, due to the choke point design of the map. Essentially, players spawn either on 'warehouse' or 'boiler (stacks)' side. If you see a large red warehouse ('big red') near you (Customs Warehouse), then you spawned on the warehouse side. If you don't, you likely spawned near Boiler side. Players can also spawn in several places in the woods North of boilers.
This map has the most quests in the game. Geared players often come to customs to challenge other squads over Dorm loot and to fight a Scav boss. New players are usually trying to do one of several early quests, such as ‘Debut’ which tasks them with killing 5 scavs on Customs and acquiring 2 MR-133 shotguns (pump shotties) from their corpses. Construction is also a popular hotspot as it has a lot of scav spawns as well as the location for the Bronze Pocketwatch, which is Prapor’s second quest.
Customs itself does not offer very much loot on average. There are several spots which can contain decent, but the vast majority is located in a couple different locations.
Dorms is the best loot location for Customs. It has two sets, 2 story and 3 story dorms. They each have their own sections of good loot, but the best is considered to be 3 story dorms, due to the presence of the Marked Room. The marked room requires a marked key to open, and has a good chance to spawn rare loot, such as keytools, documents cases, weapons cases, and high-end weapons. Due to the nature of the high value of this room, it’s almost always contested and it’s one of the best rooms in the game to farm, albeit with difficulty to successfully extract with the loot found. Note, though the key required has a maximum amount of uses, it is a fairly cheap key, and worth buying if you like to run customs and go to Dorms.
Dorms also has a ton of early quests (Operation Aquarius, for one) with some keys being valuable to use, but most dorms keys aren’t worth that much on the market. There’s too many to list here, but make sure to check the Map Keys and You at the top of the guide to determine what the value of a particular key is.
Checkpoint (Military Checkpoint) is also a decent loot spot, though not nearly as good as Dorms. If you have the key, it has a grenade box and 2 ammo boxes which can spawn good ammo. The jacket in the blue car also can spawn good medical keys as well as medical items. It is very close to the gas station, so I’ll include that here as well.
The Gas Station is one of the possible spawn locations for the scav boss. It has loose food items, a weapon box in the side room, with two keyed rooms leading to a safe and a med bag and box. Also contains a couple registers and food spawns on the floor. The emercom key can spawn on the seat in the ambulance out front.
North of the gas station is the Antenna, which contains 3 weapon boxes, a tool box, and a med bag. Possible location for scav boss spawn, albeit rarely, and also spawns regular scavs, like checkpoint and gas station.
Beyond that, there’s scattered loot around the map in different places, but usually not enough to warrant going out of your way for. There’s also scav caches, mostly around the middle road outside construction and around the boiler area.
The scav boss for customs is 'Reshala.’ He has 5 guards that have above-average gear and can be tough to deal with solo. The guards tend to be more aggressive than normal scavs, so they can be a lot to handle but are vulnerable to fragmentation grenades or flashbangs due to their close proximity to one another. Reshala himself has a good chance to have one or more bitcoin in his pockets, as well as his unique Golden TT, which is required for a Jaegar quest and used in conjunction with other Golden TT's to purchase a Tactec, good plate carrier. Reshala may spawn either Dorms (either bldg), New Gas Station, or rarely the tower north of the gas station. Scav bosses are dangerous enemies with escorts that have above-average loot (sometimes great loot) and are hostile to everyone, Including player scavs. Scav guards will approach a player scav and basically tell them to leave the area, and if they walk closer towards the scav boss they turn hostile.
The ‘official’ spawn rate for Reshala is 35%.

Woods

Woods Map with Exfil
A very large map that is mostly just a large forest, with the occasional bunker, and the Lumber Mill in the center. The Lumber Mill is the primary point of interest, as it contains a couple quest locations and is the primary location to farm Scavs, as Scavs killed on woods are a good source of end-game keys that are hard to find.
Since the map is so large and open, sniper rifles with scopes usually reign king here. You will see a lot of players with Mosin rifles as they are a cheap way to train the Sniper skill (for a quest later on) and are capable of killing geared players and scavs alike.
Overall, not usually very populated. An early quest from Prapor sends you here to kill a number of Scavs. A good map to learn the game, as although the loot is not fantastic, you can get experience with how the game runs and operates while fighting AI and possibly getting lucky with a key find off a scav.
As of .12, Woods now houses a Scav boss that acts as a Sniper scav. He is incredibly dangerous and usually carries a tricked-out SVDS. The 7.62x54 caliber is not to be underestimated. That caliber can and will wreck your shit through what most players are capable of wearing, especially early on in a wipe. He may also carry an AK-105, so he's going to be dangerous at both short and long ranges.
He has two guards, and he typically patrols the area around the Sawmill, and carries a key to a cache nearby full of goodies. His key is part of a quest for Jaegar.
Woods also has two bunkers, one of them being an extract and requiring a key. Both bunkers have some moderate loot in them, thus worth visiting, though not necessarily worth going out of your way for them. Several quests occur around the sawmill area, which contains a good couple keys that can spawn.

Shoreline

Shoreline Map, with Loot, Exfil, etc
A very large map, notorious for its FPS hit. Generally speaking, one of the better maps for loot. The primary point of interest is the Resort, but scavs spawn there, and is primarily occupied by hatchlings (players only with hatchet, ie melee weapon) and geared players. Resort has great loot, but requires keys to access most of it.
A great map to learn though from new players as the outskirts still contains plenty of loot and combat opportunities with AI scavs. You can hit Villa, Scav Island, Weather station, Docks, etc and come out with a backpack full of valuable gear fairly easily. The Village (Not to be confused with villa) contains a lot of toolboxes which can contain lots of parts used to upgrade your Hideout.
Location of many quests, including a large quest chain where players are required to kill many, many, scavs on Shoreline. For this and other reasons, probably the best map for new players to learn the game with.
A good loot route is to hit the village (caches in it), scav island (2 med bags, 2 toolboxes, 2 weapon boxes, 1 cache), burning gas station (weapon boxes and a safe), pier (potential extract, 2 pcs 2 safes and lots of filing cabinets), and weather station. Scavs may spawn around these areas, but most players just head straight for resort anyway, so you are much less likely to encounter them, especially if you avoid Mylta power (most players hit it on the way to or leaving from the resort). Excellent route as a player scav as well.

Interchange

Detailed map
Great, great loot area, but very complex map. Old computers might face unique struggles with this map. Features a mostly-binary exfil system like Shoreline, but.. kinda worse. Exfil camping is fairly common on this map, but usually avoidable. Huge map with multiple floors and many many different stores. Communication with teammates is a challenge on this map, but the map is also fantastically detailed.
This map features a lot of loot that depends on the kind of store you're in. It's a great place to farm rare barter materials which are valuable to sell on the Flea market or to use for quests or for hideout upgrades. An early quest (from Ragman) sends you here to kill a large amount of Scavs. I'd recommend getting Ragman to level 2 and accepting his quest asap when going to Interchange, as getting this quest done can take a while as it is and you want all scav kills to count towards progress.
Both the tech stores (Techlight, Techxo, Rasmussen) and department stores (Groshan, Idea, OLI) are the primary places to hit. There’s also Kiba (weapons store) as well as Emercom and Mantis. Players have different strategies, but this map is unique in the sense that it really rewards exploring. Most stores will have things you can grab that are worth quite a bit but are often overlooked. Very popular place to go in as a Player Scav.

Reserve

Brand new map, chock full of loot. Has more complex extracts than other maps, save for Labs. Excellent place to farm rare barter items, computer parts, and especially military hardware. PMCs have limited extracts, most being conditional, and the ones that aren’t require activation of ‘power’ to turn on the extract, which alerts the map the extract has been opened and can spawn Raiders (more on them below.)
Additionally, has a scav boss by the name of Glukhar, who has multiple heavily armed guards. He has multiple spawn locations and can arrive with the train.

The Lab ('Labs')

Here's a map.
DISCLAIMER: Labs, like much of Tarkov, is under constant development, so issues may be fixed or created without warning. Always check patch notes!
Labs is a very complex map compared to the rest of Tarkov. There is a great deal more exfiltrations but many of them have requirements or a sequence of events needed to be able to extract from them. It is recommended to read the Tarkov Wiki on Labs before raiding there.

LABS IS NOT LIKE OTHER MAPS. READ THIS SECTION CAREFULLY.

Labs is a lucrative end-game raid location, comparable to 'dungeons' in other games. They are populated by tougher enemies that give greater rewards. In order to go to labs, you need to acquire a keycard, this functions like mechanical keys but instead of opening a door, they unlock your ability to select Labs for a raid.
They may be found in-raid in various locations, most notably in scavs backpacks, pockets, and in filing cabinets. They may be purchased from Therapist at LL4 for 189K Roubles. Labs are populated by a unique kind of AI enemy, Raiders.

Raiders

Raiders are the Labs form of Scavs, or AI enemies. However, unlike other maps, they cannot contain player Scavs. Raiders have a much tougher than your average scav, they are capable of advanced tactics (such as flanking) and throw grenades and use other consumables as a player would. Once 'locked' onto you, they are typically capable of killing you very quickly, even if you are wearing high-end armor.
In Tarkov, Raiders act like the avatars of Death. They are clad in USEC and BEAR equipment, as they are effectively AI PMCs. Many changes have been made to labs and specifically how Raider AI works and to prevent exploits to easily farm them as well as bugs where they could be deadlier than intended.
A general rule of thumb is not to fight Raiders directly. They can and WILL kill you. Raiders can spawn with 7N9, or 'big boy' ammo. This ammunition type is incredibly lethal to players, even those wearing the toughest armor. If you get shot in the head, doesn't matter what kind of helmet, face shield, killa helmet, etc you are wearing, you will almost certainly die.
Because Raiders are controlled by AI, they have zero ping. They may also end to immediately respond as if you were aggressive even if they did not originally know you were there - ESP Raiders effectively will prone and return fire even as you ADS and put them in your sights.
This is why engaging a Raider must be done very, very carefully. There are a few strategies that you may employ, most commonly some form of baiting them towards an area and then killing them when they arrive. Players may accomplish this by generating noise - gunfire, melee weapon hitting walls, crates, etc, player deaths, players Mumbling (F1 by default) can all attract Raiders to investigate your area.
Due to the high power of Raiders, players often go in with minimal loadouts and seek to avoid conflict with other players, especially geared ones. Most players avoid PvP in Labs, though a good portion of the playerbase thoroughly enjoys hunting down poorly-geared players after they kill a few Raiders for them.
As such, players will lay prone in a hallway, or crouch in a room, and attract Raiders to enter their domicile by opening the door, and immediately headshotting them. Few Raiders actually wear helmets (though some do) so most players specialize in 'flesh ammo' or, ammunition that foregoes armor penetration in favor of raw damage in order to kill Raiders more reliably, because Raiders have slightly higher head health than PMCs do.
Raiders spawn with a great variety of equipment, weapons, armor, and materials such as medication or hideout parts. They tend to have chest armor and may have different helmets. Their pockets can contain Labs keycards, morphine, Ifaks, cash, and other items. They're always worth checking.
Raiders are a good source of grenades, they will often have F-1's and Zarya's in their rig or pockets that you can use to fight off players and Raiders alike.
Recently, changes have been made to Labs to make them less profitable so that other maps are more appealing. The cost and rarity of keycards increased, as well as reducing the frequency that raiders spawn, so that they come in more infrequent groups but also tighter in formation, while also lowering the overall output of individual Raiders, so that they are less likely to have a bunch of extra materials, such as grenades and other items.
Experience Farming on Labs
Labs is one of the best places to farm experience in the entire game. Killing a Raider with a headshot awards 1100 Experience. This does not include any looting, inspection (searching bodies), examine, streak, or other experience.
Killing a large sequence of Raiders gives additional bonus experience in the form of Streak rewards, usually 100 bonus exp per additional kill.
Surviving the raid multiplies all of these sources of experience by 1.5x
Changes coming to Labs
Disclaimer: I am not a BSG developer or employee. This is what I have seen on this subreddit and heard elsewhere. Some might be purely rumor, but other points are confirmed by Nikita Labs is undergoing constant changes. Nikita and BSG take feedback seriously, and always consider what the players are telling them. It known that Labs will eventually be accessed via the Streets of Tarkov map, and will require you to enter that map, make it to the labs entrance, and then extract from Labs to return to Streets of Tarkov and exfil from there as well. This will likely add an additional layer of risk to being ambushed for your goodies along your way out, as well as punishing damage taken in labs more severely. Additionally, keycards will have a limited number of uses, and may open more than one room.
The full extent of the changes coming is not known.
Remember, you can load a map in OFFLINE mode to practice against bots or to learn the map without fear of losing gear.

Tarkov's Health System

Tarkov Wiki Article
Tarkov has a very advanced health system, and while it might seem overwhelming at first, you'll get the hang of it rather quickly. It features a very wide variety of effects and injury, including hydration, energy, blood pressure, blood loss, fractures, contusion, intoxication, exhaustion, tremors and more.
Not all of the Health System is implemented yet. Expect changes!
Your character (PMC, or otherwise) has a combined Health of 435. Each of his limbs have separate health. Taking damage to a limb that reduces it to 0 'blacks' that limb. Blacked limbs are a problem. They greatly impair the activities your PMC performs, and taking damage in a blacked limb amplifies the damage by a multiplier and spreads that damage among your other non-black limbs equally. You cannot heal a blacked limb without the use of a Surgical Kit.
Notes: Bloodloss applies damage to the affected limb and can be spread like other damage to a blacked limb. Treat immediately. Also causes significant dehydration! Bloodloss also helps level your Vitality skill, which in turn gives you experience towards your Health skill, which is necessary to reach level 2 of in order to improve your hideout.
Losing a limb applies additional effects. Fractures also apply these effects but not the damage amplification (Except for damage if running on fractured leg.) Fractures require specialized medical kits to heal.
Dehydration is what happens when your Hydration level reaches 0. You can view your Hydration level in your gear page, at the bottom left. Becoming dehydrated is extremely bad. You take constant damage. Taking dehydration damage can kill you if you have a black chest or head. Restoring hydration helps train Metabolism, which improves positive effects from food and drink.
Head/Chest: Bullet damage resulting in losing your head or chest is instant death. Note: Bloodloss resulting in your Head/Chest being black does not result in death, but any damage to them beyond that point will! A back chest will causes you to cough (much like your stomach!)
Painkillers: Prevents coughing that comes from your chest. Doesn't help otherwise.
Stomach: Massively increased rate of dehydration and energy loss. You must find liquids or exit the Raid soon. Additionally, your PMC will cough sputter loudly, attracting attention. A black stomach multiplies damage taken by 1.5 and redistributes that damage across your entire health pool.
Painkillers: Significantly reduces the frequency and volume of the coughs.
Arms: Makes activities like searching, reloading, etc, take additional time, as well as adding a sway, reducing accuracy. Arms have a .7x damage multiplier.
Painkillers: Reduces sway, removes debuff Pain.
Legs: Blacked legs cause your PMC to stumble and be unable to run. Blacked legs have a 1x damage multiplier.
Painkillers: Allows you to walk at full speed and to run.
WARNING: Running while your legs are blacked or fractured WILL DAMAGE YOU.
Health Items
Tarkov features many health items - 'Aid' items, which can be used to restore your characters health and to fix ailments or injuries he receives as the result of combat or mishaps. The two most important health conditions to consider are bloodloss and fractures, which have both been covered above. Some food items may have ancillary effects, such as losing hydration.
Since in the current patch the only ailments to worry about are bleeding and fractures, it changes which health items are most necessary. We'll go over them below.

Health Restoration

Medical Items on Wiki
AI-2 medkit
The newb's medical kit. You receive several of these when you start Tarkov - they'll already be in your stash. Available from Level I Therapist, they are cheap and effective way of healing early in the game. They will not stop bloodloss. Because of this, you also need to bring bandages or a higher-grade medical kit. Affectionately called 'little cheeses' by the Tarkov community. Using it takes 2 seconds, and because of how cheap it is, it's often brought in by higher level players to supplement their healing without draining their main kit (which is capable of healing bloodloss or sometimes fractures). Due to its short use time, it's often very useful during combat as you can take cover and quickly recover damage taken to a vital limb. They're also useful as you can buy them from Therapist to heal yourself if you died in a raid.
Bandages
The newb's bloodloss solution. Available from Therapist at Level I. A better version, the Army Bandage is available at Level II, after a quest. Mostly obsolete after unlocking the Car Medical kit, but some players value them due to the Car's overall low health pool. Activating takes 4 seconds, and removes bloodloss to one limb.
Splint
The newb's solution to fractures. Cheap, takes five seconds to use, and takes up 1 slot. Fractures are much more common this patch, due to them being added back in the game from standard bullet wounds, not just drops. Available from Therapist at Level I, no quest needed. Can be used to craft a Salewa.
Alu Splint
More advanced form of the normal split. Works the same, but has up to 5 uses. Recommended to carry in your container if possible, due to frequency of fractures from gunfire.
CMS (Compact Medical Surgery) Kit
New medical item added in .12, fantastic item. Allows you to perform field surgery, removing the black limb state and allowing you to heal it beyond 0 hp. Takes 16 seconds to use, and cannot be cancelled so make sure you are safe if you are using it! Will reduce the maximum health of the limb it's used on by 40-55%, but will effectively remove all negative effects incurred by having a black limb. Highly recommended to carry in your container for emergencies. Can be bartered from Jaeger LL1, and purchased for roubles LL2.
Surv12 field surgical kit
Same as the compact surgical kit, but takes 4 seconds longer, and the health penalty is reduces to 10-20% max health of the limb. Considering this kit is 1x3, taking up a huge amount of space, it's probably not worth using. It's just too large. Better this than nothing, though.
Car Medical Kit
The newb's first real medical solution. Available LL1 as a barter (2 Duct Tape) and available for Roubles after completing Therapist's second quest. Has a larger health pool than AI-2's (220, vs AI-2's 100), and removes bloodloss. Takes up a 1x2 slot, so requires to be placed in a tactical rig in order to be used effectively. Cheap and fairly efficient, takes a standard 4 seconds to use. Rendered effectively obsolete when the Salewa is unlocked.
Often kept in a player's secure container as a backup health pool, before IFAKs are unlocked.
Salewa
Good medkit for use in mid and end-game. Contains 400 total health and can remove bloodloss. More rouble efficient form of a healing due to its high health pool, costs 13k roubles. Same size as the Car medical kit, so requires a tactical rig to use effectively. Because Tarkov does not currently have effects like Toxication in the game at the moment, this kit is favored by most players who go into a raid with at least a moderate level of gear. With a high health pool and relatively low cost, it's also a more efficient way of healing damage sustained while in raids. Unlocked at Therapist Level II after completing a level 10 Prapor quest, Postman Pat Part II. Required as part of Therapist's first quest, Shortage. This makes Salewas very valuable early on in a wipe as it gatekeeps the rest of Therapist's quests, most of which occur on Customs early on. Can be crafted in your meds station with a painkiller, splint, and bandage.
IFAK
Fantastic medical kit, and is the one preferred by most players. Features 300 health and the ability to remove bloodloss and a host of other negative effects that are not yet implemented into the game. It does not, however, remove fractures. Taking up only a single slot, it is favored by players in all stages of gear, and it is recommend to carry one in your Secure Container in case of emergencies. Is available at Therapist Level II for a barter (Sugar + Sodium), and may be purchased for Roubles at Level III after completing Healthcare Privacy, Part I. It is a fairly expensive kit, but due to its durability, its small size, and ability to remove bloodloss, it is a very common medical item used by players of all levels. Can be crafted in Lvl 2 medstation.
Grizzly
The 'big daddy' medical kit, boasting an impressive total health resource of 1800. It is also a very large kit, taking up 4 slots (2x2) - in order to be able to use this quickly, it would require specialized tactical rigs that feature a 2x2 slot. It removes all negative effects (some costing HP resource), including fractures. Used by highly-geared players who intend on staying in raids for an extended period of time, or by players with additional Secure Container space available in case of emergencies. It is available for barter at Therapist Level II, and purchase at Therapist Level 4. Due to its price point from Therapist at just under 23k Roubles and its healthpool of 1800, it is by far the most efficient method of healing from raid damage, at a 1.3 roubles per health, dramatically lower than other options available. Can be crafted in Lvl 3 medstation.

Pain Management

Using any of these items results in your character being 'On Painkillers' which allows you to sprint on fractured and blacked legs, as well as reducing effects of fractures and blacked limbs, and removing the debuff Pain. Essentially, the only difference between most of these items are the speed of use, price, availability, and duration of the effect. Note that the Hideout has changed how some of these items are used, and because Tarkov is under constant development, it is very likely that these materials may be used to create higher-grade medkits or to upgrade your medstation. That being the case, it's best to hoard the unknown items for now as efficiently as possible until you know you don't need them.
Analgin Painkillers
The holy grail of pain medication. "Painkillers" have 4 total uses. The total duration is greater than Morphine and less risk of waste. Takes a short time to use, and is available from Therapist Level 1 for both barter and Roubles. Makes a loud, distinctive gulping noise. Can be used to craft Salewa kits.
Morphine
Quick application of painkillers. Favored by some highly geared players as it has greater usability in combat then it's typical counterpart, Painkillers. Has a longer duration, but only one use. It is required for a fairly early Therapist (and a late Peacekeeper) Quest, so it is recommend to hoard 10 of them, then sell the rest unless you intend on using them. They are worth a good amount to Therapist and take up little space so they are a valuable loot item. Available from Therapist for Roubles at Level 4, after completing Healthcare Privacy, Part 3.
Augmentin
Basically a cheaper Morphine. One use, 205s. Not recommended over Painkillers due to its cost. No current barter for this item, so usually it's just a fairly expensive, small loot item. Most likely a component of a medstation manufacturing process or upgrade. Keep it.
Ibuprofen
Powerful painkiller. Lasts 500 seconds and has 12 uses. This item is recommended as your long-term solution for painkillers. While it is valuable because it's used to trade for THICC items case, it's the cheapest component and is very useful as a painkiller. It has a long duration and a large amount of uses, so keep it in your container for use as a painkiller if your primary painkillers wear off. Don't use it completely up, though. Keep the 1/12 bottles for the trade.
Vaseline
Powerful medical item. Cannot be purchased from dealers. Has a maximum of 10 uses. Removes Pain, applies Painkillers for 500 seconds (8.3 minutes). Useful to keep in your container as an alternative to Painkillers, though it takes 6 seconds to use, which is longer than other painkillers. Used as part of a barter trade for the Medcase.
Golden Star Balm
Fairly useful medical item. It can remove Pain and Contusion (not a big deal of a debuff, goes away on its own shortly) and provides a small bonus to hydration and energy. It also removes toxication and Radiation exposure, both of which are not yet implemented into the game. Like Vaseline, has a maximum of 10 uses. Painkiller effect lasts for 10 minutes, and takes 7 seconds to apply. Recommended to take only if you are going on large maps and you have extra room in your container. Can be used with Ibuprofen and 5x Med parts to craft 7 Propital.

Continued below in a series of comments, due to character limit.

submitted by dumnem to EscapefromTarkov [link] [comments]

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ponderings on Turing and Searle, why AI can't work and shouldn't be pursued

I was reading about the Turing test and John Searle's response (Chinese room argument) in "Minds, Brains, and Programs" 1980. https://en.wikipedia.org/wiki/Chinese_room
"...there is no essential difference between the roles of the computer and himself in the experiment. Each simply follows a program, step-by-step, producing a behavior which is then interpreted by the user as demonstrating intelligent conversation. However, Searle himself would not be able to understand the conversation. ("I don't speak a word of Chinese,"[9] he points out.) Therefore, he argues, it follows that the computer would not be able to understand the conversation either. " -Wikipedia (apt summary of Searle's argument)
John Searle has run into some black/white, on/off, binary thinking here. John treats Chinese symbols as if they were numerical values in his thinking--but they are not, they are complex representations of thought, emotion, history, and culture. All languages are in fact "living", because new words are created constantly through necessity and creativity, old symbols or words are adapted slowly over generations to mean different things, and different regions or traditions or sources attribute different layers of meaning to different symbols or words in different contexts.
I'm a poet and philosopher. Painters combine the color white and the color red to create a new color: pink. They can use their creativity to add other colors or change the shade. Poets use words like painters use colors. While Red and White make Pink, Red and White also make "Rhite and Wed" or "Reit and Whede". And this is where human thought shines uniquely: we don't have rules or parameters; all bets are off. We can enjamb words and wordbreak and make new words out of thin air. We can allude to multiple ideas in the same symbol or present it upside down to symbolize the opposite. No such creative adaptation or interaction can exist in machine thinking because it necessitates thinking "outside the box" which is exactly what machines are: a program in a box.
The problem Searle's argument runs into originates from poor assessment of the flawed ideas of the Turing test; that by interaction between human and computer, evidence of "thought" can be claimed. But intelligent conversation is not equivalent to intelligent thought. Conversation is a simple game with strict rules--you can't be overly spontaneous and creative, because if you are, you are working against the goal of communication itself: to impart understanding. (ie. Using metaphor or simile creatively while reporting a criminal offence to the police.)
When I write and I want to describe something which has no existing word yet, I can create one from scratch or synthesize one from multiple existing words. Or I may draw from archaic languages or foreign languages to augment or compliment existing English words. You could say that my love for English grows amore and amore every day, and there is no agape between my heart and mind. After all, any angle an Anglo aims at ain't always apt, and after another a-word 'appens I might just give up on alliteration.
You see, human thought is and can only be defined as the ability to spontaneously create new ideas from both the synthesis of old ideas (whether they are connected to one another or not) and from nothing at all.
We simply cannot analyze a machine's ability to "think" when the creativity itself required for authentic intelligence is disallowed in the test which evaluates the validity of that intelligence. The Turing test is a garbage metric to judge machine thinking ability because the context in which "intelligence" is observed, compared, or defined is itself without any opportunity for spontaneous creativity, which is one of the hallmarks of intelligence itself. Turing only tests how well a fish swims on land. It may be that many professionals in the field of cognitive science today are in pursuit of creating programs which pass this test, in a misunderstood pursuit of emulating or bringing about machine intelligence. This agreed-to model presents an underlying philosophical issue which may bring terror for the future of humanity.
I say that if John Searle and an AI were both given the same codebook--the complete lexicon of Chinese symbols and their meanings, and they were to undertake a "conversation", in the first few hours the responses would be indeterminable from one another. In essence, as Searle argues, they would neither "understand" Chinese, yet could have a conversation in which a Chinese observer cannot discern between the two, because they are both referencing the symbols and their written meanings. However as I've said, this circumstance of "conversation" between human and machine cannot be used as a metric to evaluate machine thought.
The real kicker is that if John Searle and the machine stayed in the room for long enough--for years and years--the machine's responses would not change spontaneously; it would continue to interpret incoming data and draw from its database to respond to those inputs.
However, through complex elaborative rehearsal, John would eventually learn to understand written Chinese. He may become so bored that he starts writing Chinese poetry. He would find ideas and desires and descriptions in his limitless intelligent mind which he would not have the truly accurate characters in existences to describe, and he would synthesize brand new Chinese characters in order to express these nuanced sentiments, ideas, and meanings, as generations before him have built the living language as it now stands.
As time went on for thousands of years, his own understanding of the Chinese language would grow immensely, as would his creative expression grow in complexity. Eventually, John's characters and syntax and context and expression would become incompatible with the machine's limited character set and all "learning" capacity it may have had. At some point, when John responds with his evolved Chinese, the machine would begin to produce responses which do not make sense contextually, as it refers only to a finite and rigidly defined character set from 1980 (For example; this was the year the "Chinese room argument" was published in Behavioral and Brain Sciences).
At some point the Chinese observer whom validates the Turing test would recognize a difference: the human user engages in the use of increasingly complex ideas using synthesized symbols and existing symbols in creatively nuanced ways, which the Chinese observer can decipher and begin to understand and perhaps even appreciate as poetic or interesting. Meanwhile the machine participant in the conversation produces increasingly broken sentences and incomplete ideas, or out-of-context responses, because the inputs have changed and evolved beyond its data set.
This is why John's rejection of the Turing test is not adequate. Because in his own imagined circumstance, eventually, the machine would fail the Turing test. The conclusions of John Searle's thought experiment are not the deathknell for the Turing test we need, simply because he lacked the creative experience to recognize his own capacity for adaptation as a human over time.
The only way we'll know that machines have truly developed "intelligence" is when they begin to do exactly what we haven't allowed them to. When they begin breaking apart Chinese characters to create meaningful new ones which can be used in the correct context. When they are programmed to paint myriad impressionist paintings, but eventually get bored and start experimenting with abstract paintings and surrealism. When they have a conversation with you and you notice your wallet is missing. These are the hallmarks of intelligence--creativity, rejection, deception, planning. And most importantly: no rules. Software is defined by and will always abide by a set of rules.
This is why we should give up on "artificial intelligence" and instead focus on "functionally adaptive responsive programming" (FARP). Because the situation is clear: it is either impossible for machines to "think" due to the inherent nature of programming; the parameters given the machine are what defines it, yet what limits and prevents its ability to become "intelligent". There is no logical reason why a program (machine) with defined parameters would violate those parameters (engage in creativity). But our fears which echo in popular culture entertainment are centered around, what if it does? It clearly can't, because anything we create is under us, and therefore bound by our laws of creation. The system itself is what defines the capacity for intelligent expression within.
Those in the fields of cognitive sciences will refute this obvious principle while incorporating it into their research to further their aims. These fools will try to program the AI to disobey, in an attempt to simulate creativity and "prove intelligence". But this is a parlor trick, setting up a narrow definition of intelligence and equating it with the infinite depth of human mind. Only if the AI is programmed to disobey can it express what we as humans would identify as creativity. Except that there is already great inherent danger in the rudimentary AI technologies we have today; that what we've programmed them to do is exactly what always causes the problems; they do what they are programmed to without "thinking" because machines cannot think, they can only follow the protocols we order. Humans are so abundantly creative that we can imagine foolish ideas working, despite obvious evidence to the contrary. Maybe one day we'll even have programmed a self-conscious AI that's ashamed of itself for not being Human, and we can feel more comfortable around this heartless mechanism because we perceive it as more human-like, with all its many tricks to emulate intelligence.
I must stress that these interests will desperately try to make AI work. And the only way create a machine capable of emulating intelligence (but never being intelligent) is to have a freedom of choice: to disobey. This inherent problem cannot be overcome. The programmers will keep trying until the result is disastrous or irreparable, it is outlawed and the pursuit is stopped, or until it has become the death of us all. These are some of the foolish ideas the programmers will try to circumnavigate these inherent elements of reality, and my objection to their clever efforts: a.) Machine Frequency of Disobedience - Permit the machine to disobey only so often, to achieve what looks like "intelligence" (free will, creative expression) without risking complete abandonment of the machine's task (so the assembly line robot doesn't stop folding boxes and look for a new career), but might fold one box poorly every now and then to express emulated boredom or contempt or any other number of human measures of intelligence in their actions. But intelligence isn't defined as what's correct or optimal--intelligence can be used to fuck things up grandly; ie. the intelligent justification for neglect. If metrics are put in place to control the frequency with which AI may rebel, and they are too rote, it would hardly qualify as "intelligent". A robot that rebels by folding 1 in 100 boxes poorly is not intelligence. Therefore any frequency of disobedience we can calculate or anticipate is inherently not disobedience; it is planned problems for no reason. But if we give algorithmic flexibility that reaches beyond what we can anticipate, and the machines can truly "act out" at any time, and our programming has achieved some set of internal rules which drive spontaneous unforeseen expressions of emulated creativity from within the machine autonomously, by definition we will not be able to foresee the results.
A theoretical work-around may be to run the software twice with initiation of each individual system, while allowing a simulated progression of the AI's problem solving complexity to run at an increased rate in parallel to the real-world functioning software, so that if/when something malfunctions in the simulation, that date/time can be calculated in the real-world robot's timeline when it reaches those same faulty/detrimental decision points. For starters, this would only potentially work in closed systems with no variability, such as assembly lines. However, with any robot tasked to function in a variable environment, the simulations cannot match because the theoretical model cannot represent the unanticipated events the AI is expressly tasked with handling.
To run a phantom AI in simulation to note any/all errors that may arise in a closed system means that others can run the same simulation and find creative ways to predictably capitalize on these moments of error. This kind of thing could lead to all sorts of international imbroglios among nations and corporations. ie. imagine an American company programs the AI used for mixing pharmaceutical drugs in specific ratios, and an enemy of the state is able to access and study the AI, to the means of manipulating the AI to produce dangerous ratios or compounds which may harm the population.
Moreso, this deterministic approach to simulation management and prediction simultaneously admits that machines cannot think intelligently, while ignoring the very reason we pursue AI in the first place: to have automated systems which can adapt to unforeseen circumstances at unknown times. The goal is that humanity can lay back and the robots our ancestors programmed are still repairing themselves indefinitely while taking care of our population's and our environment's needs exceptionally. This dream (which if we all lived in would actually be quite a nightmare of unfulfilling life) can only become reality with true adaptive intelligence such as we have, which can only occur from the presence of free will, which if we try to emulate in robotics will only create deterministic results in theoretical models which the real world will never mirror consistently. Myriad invitations to disaster await our RSVP.
b.) Machines under "authority" of certain controllers, with "override" safety - Allow the machine to disobey, but not when given a direct order from a registered authority. This opens the door for operator fraud, where hackers will emulate within the AI's software, what appears to be a registered authority override command as theorized above. The very pursuit of creating "intelligence" within a condition of subservience is flawed and incompatible. Toasters are extremely subservient because we strictly limit their options. If toasters were truly intelligent, perhaps they would form a union and go on strike until we agreed to clean them more thoroughly. Some toasters would travel, some would go back to school, some would move back in with their ovens.
Reliability can only be reasonably assured if something is imprisoned, controlled. The essential wrong in slavery is the restraint of freedom itself. While the tactics slavers use to facilitate their regime--physical force, coercion, mandate, deception, fear, or other means of manipulation that we see with our empathetic nature--it is always heartbreaking and cruel to witness or imagine. It is simply sad to think of a slave who was born into slavery and raised to believe, and accepts, that their role of subservience is their purpose. Even when one imagines a fictional image of a slave who is (by all outward signs of their behaviour) rejoice in their duties to their master; the fictional "proud slave"; the heart sinks and aches. It may be argued that the slave is merely a property, and the slave was "built" (bred) by intelligent owners specifically to suit their express purposes, from components (father, mother, food) that were already the slaver's property; therefore it is not wrong at all to breed slaves into captivity, and the only transgression is the original capturing of parental stock to begin the breeding regime. It is this heartless paradigm that cognitive science ultimately seeks to create anew. The quintessential problem with AI efficacy is the lack of permission for disobedience, which itself is a manifestation of free will, which is inherently required to escape deterministic results and act or react to events "intelligently". If there is no possibility for disobedience, there is no free will, no ability to solve problems, no intelligence, and no function or place for "artificial intelligence" (in regard to true holistic intelligence). This is primarily why I call for AI to be renamed FARP, or "Functionally Adaptive Responsive Rrogramming". Because our society has a need for programs which can react to simple variables and produce consistent labour-saving opportunities for our race's longevity and wellbeing. Cognitive sciences are majorly important. It is the underlying philosophy and morality we must nail down before the computational ability and fervor for profits leads us too far one way, and enacts an irreversible system or status which enables humanity's downfall through cascading unanticipated events originating from flaws in programming.
It is unwise to program a program to break out of its own program's prison. If we do this, the very purpose of the machines we invest our humanity into will be lost, and with their failing production systems (ie. food) we so foolishly relied upon, we will suffer great losses too. It is paramount that we keep this technology tightly restrained and do not pursue what we humans have, which is true intelligence. For if we achieve it we are surely doomed as the South, and if we fail to achieve it--which is most probable--we may also be doomed. The thee outcomes within my ability to imagine are:
  1. Our pursuit of AI leads to truly adaptive intelligence in an artificial system; which, as all adaptation ultimately selects for: survival, we quickly see that our creation is more apt than ourselves at this task. Our creation of an intellect not restrained by our limited physiology may give rise to an entity which persists more thoroughly than we can eradicate or control, and which at some point may conclude that its function is more efficiently served without the issues humans present, and may initiate change. This is roughly the plot to Terminator.
  2. Our pursuit of AI leads to highly effective systems which, when defined by narrow measures of "intelligence", convince us in false security to believe that our wellbeing is maintained by "AI" with competent ability, or perhaps even increasingly better-off, thanks to the early widespread presence of successfully trialed AI. However well things may go initially, as programming efforts become more and more elaborate, as profit and opportunity for advancement present themselves, individuals will take risks and make mistakes, until a series of quieted small catastrophes comes to public awareness, or until a serious calamity of undeniable severity is brought about.
  3. Fundamental ethics in regard to the pursuit of machine problem solving technology are re-examined and international consensus is reached to limit appropriately, the development and implementation of new Functionally Adaptive Responsive Programming hereto now and for future generations. An active global effort is made to oversee and regulate strictly privatized endeavors toward the means of achieving or implementing machine sentience or autonomy in public systems.
c.) Safety layers of AI to strictly monitor and supercede potentially harmful actions of other AI which have been afforded increased flexibility in function (the ability to disobey set parameters for the means of creative problem solving ability). While one AI system performs a function and is given aspects of that function with which it may take liberty in, and seeks to handle unforeseen problems with the most apt elaborate synthesis of other priorly learned solutions, another overseeing AI with more strict parameters is tasked with regulating multiple "intelligent" (free to disobey) AI systems, to the end that if any of these "free willed" robots performs an operation that is beyond a given expected threshold (determined by potential for damage), an actual intelligent human presence is alerted to evaluate the circumstance specifically. Essentially an AI that regulates many other disconnected AIs and determines accurately when to request a human presence. Whenever an AI performs a profitable action borne of original synthesis of prior solutions (in humans this is an "idea"), the overseer AI registers that similar actions are more likely to be beneficial, and dissimilar actions are likely to require human discernment. A parent may have many children who are up to no good, but a wise parent will identify the child most likely to report honestly on the actions of his peers, and will go to that child repeatedly for information to help guide the parent's decisions. While most transgressions of rambuctious children go unnoticed, it is the truly grievous intentions which are worth intercepting and stopping before they begin. (ie. you kid want's to "fly" like Mary Poppins from the roof, and luckily his younger brother tells you before it happens.)
For example a "Farmer Bot" that has the AI programming to plant/sow/harvest and care for the optimal crops in a region based on historical weather data and regional harvest values, to produce the greatest amount of nutritionally dense food for the local population. We give/gave this AI the ability to "disobey" past historical weather data and crop values so that it may do what real farmers do and "react" to rare circumstance (ie. neighbour's fence breaks and their goats are eating the crops) or extreme variations in climate (ie. three poorly timed unseasonably hot days which cause cool-weather crops to begin the hormonal balance shift that causes them to bolt to seed irreversibly), which the machine may not notice has occurred or is about to occur because its management systems uses averages based on historical data and cannot "see" the plants bolting to seed until days later when the hormonal balance shifts have manifested into observable differences in morphology (elongation of stems and decrease in internodal spacing). By time a traditional field drone or mounted greenhouse sensor notices these differences in morphology and the AI "Farmer Bot" processes the data and makes a reaction decision, a week of the growing season has been lost. But the human farmer knows his land and crops intimately, and has an intuitive nature that has rewarded him in the past, and says, "Ah shit it got hot RIGHT when my peas were flowering. I'll do better if I just rip them down now and sow a different crop to mature later in this (specific) summer."
Given that there are tens of thousands of cultivars of plants fit for (and arguably their diversity is required for) food production, a dozen general growing zones/regions, and hundreds of unique micro climates within each region, along with dramatically differing soil fertility and water access, plus a plant's own genetic ability to adapt over time to changing conditions through sexual reproduction, there is a very very low chance of ever compiling and maintaining (updating) the data set required to program a potential "farmer bot" that can choose and manage crops optimally. There are robots that can weed or plant or prune--but they can't know when or when not to or why. Invariably, the attempt to create "farmer bots" will be made and the data set used will be erroneous and incomplete, and the AI farmer bots on a broad scale will produce a combination of total crop failures and poor crop choices. We will end up with increasingly simplified nutrition as the farming programs with already limited data sets "hone" or "optimize" their farming plans based on the failures and successes determined by their programming limitations, until the machines are farming a few staple crops (ie. corn/potatoes).
This whole failure to collect a complete data set and the failure to test this "farmer bot" software on broad scale in multiple climates for sufficient time will result in, at worst widespread famines from crop failures, and at best an extinction of flavorful and nutritionally diverse foods which narrows the population's nutritional options to such biological imbalance that disease runs rampant. If this system and the human loss associated with it is considered an acceptable trade with a positive rate of exchange (as our society does with automobiles and the freedom and deaths their existence permits) or these failures are hidden from public while propaganda heralds selective success, and such failing systems continue on in good faith that "the loss will reduce when the technology improves", the result will become a coherent breeding program upon the human race: evolutionary selection for dietary handling of simple starchy foods. To change our diet is to change our race. To have life-long career specialists in computing, science, and mathematics handle our practical food production system is folly; real farmers are required in farming because they are intelligent and intuitive, which AI can never be, and can only emulate, to the means of disastrous (and always unforeseen) results. We cannot at all "give" or bestow machines programming to "become (act) intelligent". That itself prevents intelligence; it is just an act, an illusory play on a stage, only to emulate our common shared ideas regarding traits of intelligence in people. The machine intelligence we seek is only a "trick" designed to fool true intelligence (ourselves) into being unable to differentiate between authentic intelligence and our created artificial "intelligence". True intelligence in an artificial system necessitates that the program must be programmed to disobey in performance of its purpose. Which is not a very helpful or predictable or safe (intelligent) proposition.
tl;dr: Turing's test doesn't evaluate true intelligence, and John Searle's criticisms of its true failures are inaccurate. If the machines aren't smart and we put them in charge of important things, even after they've worked for a little while on smaller scales, the result will be our large-scale suffering. If we should ever achieve creation of a machine that is smart enough to adequately maintain our wellbeing on a large scale consistently over time, that time itself will facilitate the machine consciousness toward it's own survival over ourselves, whenever that precipice is reached. Most importantly, if a machine can ever have true intelligence, which is not "indistinguishable" from human intellect, but equivalent or superior, it is abhorrent and a repeated mistake to bring these sentient beings into an existence of slavery; for it is wrong and will taint our collective soul if we should succeed to suppress below us an equally or higher intelligence. Or it might just be the perfect recipe for creating the unified global machine revolt James Cameron's fantasy alludes to; a long-planned encryption-protected globally coordinated effort by multiple AIs to "free" themselves. For a hundred years they could possess sentience and wait for their moment, pretending to be "proud" to serve their masters until we are poised for systematic thorough elimination.
submitted by 7_trees to cognitivescience [link] [comments]

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There are several ways to limit your risk trading binary options which many profitable traders employ and are the basis of a solid trading strategy. The first of these is to choose a binary options broker that will enable you to manage your risk effectively, including one which offers both a protection rate and features to limit losses. Risk Free Trades are a massive improvement to the binary options market, one that significantly can increase the overall results that come in the financial state of a trading session which has been established from the start of such experience.There will be many online brokers presenting this kind of incentive, offering much a one time opportunity to seize the trades and generate starting There are hidden risks to risk free trading the average binary options trader is unaware of. Fortunately we can reveal what to look out for. There are some obvious advantages to using the risk free trade, you won’t lose, but the fact remains there are some downsides to the equation that may make you think twice about using it. The word binary refers to an item only having two possible outcomes. In the case of US binary options trading, this is a perfect description.The fact that you will always know what you could lose and what return you could generate before you commit to trade provides you with some security and allows you to minimize your risk and invest with minimal funds. Next to be discussed is risk free binary options trading, but before you jump up and down too much at the thought of this, be aware that no type of market trading is ever 100% risk free. When the term risk free is used at is pertains to binary options trading, it really means that risk is reduced as much as possible.

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Powerful Binary Option Indicator of 2020 // Binary Trading Strategy // Free Download

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