Blog

My response to Kai Stinchcombe

12/25/2017

The anniversary article reflecting on Ten Years of Bitcoin triggered a storm of heated debates. And no wonder–it was a great write-up launched at the best possible time—the calm silence before Christmas, when no one is working and everyone has plenty of time to lazily wander around the house and wonder, with a craving for juicy news.

Kai makes a number of excellent arguments, but he seems to be knocking at the window while missing the wide open door.

 

Let’s start with the basics...The “Ten Years” Argument

It’s common knowledge that Bitcoin was first released at the end of 2009 (version 0.1). A number of bugs were discovered and resolved between 2009 and 2013. Looking at the issues that were addressed back then (transaction malleability, unexpected network fork, etc.), it is hard to associate the word “stable” with it at any time before early to mid 2014, even with the caveats and disclaimers one often uses to handwave road bumps with any new technology. For all practical purposes, the age of Bitcoin as an applicable, functional technology rather than an abstract concept is less than three to four years old.

By all practical measures, three to four years means a technology is still in its infancy. ARPANET, the precursor to the Internet, was established as early as in 1983, but it took seven to ten years before we saw the explosive growth of the 90s. That being said, someone in 1994 could have written a perfectly logical article titled “Ten years later, no one’s come up with a use for the Internet,” for example.

It took another ten years for fundamental changes in travel, stock trading and a number of other industries to take place. In fact, the overwhelming shift to online shopping over brick and mortar didn’t happen until 2010 or later.

Social media and the online advertising industry that it facilitated didn’t hit their stride until the mid-2000s. After that it took another 10 years for online advertisement to finally wrest control from TV and print, only really occurring in the last year or two. All in all, it took 20 years or so for Internet to deliver on its promises. Why would be Bitcoin or any other manifestation of blockchain be any different?

 

Disruption of existing industries: payments, stocks, banking, distributed storage…

If history offers any lessons, the disruption of an existing industry does not happen simply as a result of the invention of new technology. New business models, fueled by the technology or creative applications in the context of existing models, are instead often the cause of a disruption to the paradigm. It’s not that unusual for existing players to embrace and prosper with new inventions rather than allowing themselves to become obsolete.

We still buy cars from dealers—but the majority of car shopping happens online. Did dealers go out of business? Not quite. The smarter ones embraced “the online” to drive even more sales than before.

Stock trading — today many investors trade using online brokerage accounts. Charles Schwab saw lots of early success as a pioneer in online trading. Did any broker go out of business as stock trading shifted to the internet? I’m sure some did. Did others survive and become even stronger—that’s not even a question.

Bitcoin and blockchain are no different than other technology innovations we’ve seen before. In fact, history is repeating itself right in front of our eyes.

Nasdaq and a few others united behind R3—the consortium looking to enable trading on the blockchain. The hope is to simplify the stock settlement across market participants—a manual, involved process that takes up to three days to complete after the purchase. Yes, you read that right—it takes around three days for your one-click purchase to finally settle and register in all affected books. Could the blockchain provide a superior alternative? It’s easy to see that it should be explored, at least.

Visa and MasterCard operate a global network of connected and mutually trusted nodes. Lots of work goes into certification, audit, and secure operation of individual nodes. Could blockchain ease some of the requirements as a result of its trustless model? Absolutely! Is it possible that payment costs will be lower as a result? No doubt. Does it mean the world of plastic cards must switch to the blockchain for each and every payment? Absolutely not!

There is no need to consider extremes—no need to aim for the extinction of a business or a vertical for blockchain to succeed. There are plenty of opportunities to compliment, enhance, and extend.

 

Where are the opportunities?

Joe—the cool guy—launched a file storage service and offers it cheaper than S3. Would you trust him with your sensitive files? Not likely. What if the payment for Joe’s service was cryptographically contingent on your retrieval of files and matching of hash codes? We just replaced the trust to the unknown party Joe with trust in the integrity of a decentralized network, supported by hundreds of billions in individual investments that is unlikely to go away anytime soon. Clearly, there is an opportunity for Joe and his customers.

Joe launches a Kickstarter campaign on a new, cool IOT device. The campaign goes well, devices are shipped, Joe maintains a server with device registration. Suddenly Joe goes out of business, taking the servers with him and rendering the devices useless. Would it be better if the registration data was stored in a blockchain, eliminating the risk of owning a device that outlived the manufacturer?

More on this point—the number of accounts and registration records is exploding with the growth of the consumer and industrial IOT. Account maintenance is becoming a serious expenditure, affecting margins and profitability. At the same time, it is almost never a core business function for an IOT maker, who would happily hand it over elsewhere. Clever developers at Xage (https://xage.com/) have already deployed an account management solution for industrial IOT (Disclaimer: I am not involved with Xage in any form or fashion).

Despite the hysteria surrounding the Experian story, anyone with meaningful experience in corporate IT would say that Experian is not any worse than the average. In fact, not better or worse, just average. The issue is not that they should have been better. It is rather the enormous concentration of data creating unbearable risks.

In absence of better alternatives, Experian must be the collector of records and the custodian, compute FICO and perform a number of other functions that leads to enormous risk concentration. An alternative that stores records on the chain and only infrequently opens access to Experian and other parties based on explicit customer authorization could be much more secure and reliable, leading to a clear win-win. Notice that credit ratings did not go away, credit agencies did not get replaced with the blockchain, but rather agencies became a participant in a new engagement model.

I could go on for hours, but hopefully the overall premise is clear by now:

  • Bitcoin and blockchain should not be evaluated in the context of head-to-head competition looking to drive incumbents into obsolescence.
  • Similar to the Internet and other innovations, Bitcoin and blockchain will take time to mature.

 

Technologies do not change the world, business models do.

Comments

Submitted by aureliacq18 on Sat, 07/02/2022 - 19:06

Teen Girls Pussy Pics. Hot galleries
http://bloglag.com/?maeve
flat chested bald pussy porn demotivational posters porn forbidden extreme porn free innocent teen porn carbone porn

Submitted by aureliacq18 on Sat, 07/02/2022 - 21:03

New super hot photo galleries, daily updated collections
http://highlandheightsfreepornballet.adablog69.com/?jamya
free blond porn cheer leader rim job porn videos free naty porn comic adult free porn cartoon sex age 15 porn

Submitted by aureliacq18 on Sat, 07/02/2022 - 21:19

Daily updated super sexy photo galleries
http://steptoe.footjob.danexxx.com/?joslyn
free horny housewives porn porn star barbie cummings teen hadcore porn pirates of the porn anima porn han

Submitted by aureliacq18 on Sat, 07/02/2022 - 22:12

Best Nude Playmates & Centerfolds, Beautiful galleries daily updates
http://tubered69.com/?katlyn
thumbzilla porn powered by phpbb free spice porn video shower porn lesbian xxx gay porn todd shore brasil girls porn

Submitted by aureliacq18 on Sat, 07/02/2022 - 22:14

Free Porn Galleries - Hot Sex Pictures
http://newroads.downloadkporn.miaxxx.com/?ellie
teresa scott porn videos great free porn stories free crazy teen porn videos free utube indian porn video monique black female porn star pics

Submitted by aureliacq18 on Sat, 07/02/2022 - 22:54

Big Ass Photos - Free Huge Butt Porn, Big Booty Pics
http://porntuubemanassas.park.kanakox.com/?alana
porn vid of the day lactatioin porn forced chinese porn girls pay porn frat alt porn bukkake

Submitted by aureliacq18 on Sat, 07/02/2022 - 23:43

Hardcore Galleries with hot Hardcore photos
http://ranchette.estates.black.blowjob.jsutandy.com/?kaya
extreme porn site black men porn tube min uncensored porn movie title hidden kid porn sites men dog porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 00:32

Browse over 500 000 of the best porn galleries, daily updated collections
http://oldandyoungporn.iola.jsutandy.com/?eleanor
watch free gay daddy son porn girl strapon fuck porn free porn videos rachel starr latino thug porn monster cumload facial porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 01:23

Sexy teen photo galleries
http://miyuhot.com/?mandy
free naked clebrity porn pics fre amateur mature porn psp porn video download piggys porn 1983 hot teen streaming porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 02:30

Teen Girls Pussy Pics. Hot galleries
http://anacowgirlporn.laie.moesexy.com/?anjali
porn horny mom in kitchen free monster comic porn white gril porn vids video download porn for free porn fffm

Submitted by aureliacq18 on Sun, 07/03/2022 - 02:47

New super hot photo galleries, daily updated collections
http://big.tits.napavine.gigixo.com/?jenny
romero lima porn in shop porn nice butt porn tubes porn fucking sex videos smoking fetish free porn hairy videos

Submitted by aureliacq18 on Sun, 07/03/2022 - 05:33

Girls of Desire: All babes in one place, crazy, art
http://cimarron.cityflaperporn.hoterika.com/?jazmyn
personal porn fourm performing oral sex on women porn free little daughter porn free youg porn videos lezley porn star

Submitted by aureliacq18 on Sun, 07/03/2022 - 06:01

Enjoy daily galleries
http://gentry.adablog69.com/?zoey
azorean porn free tenage porn images pictures free porn fliks big teen porn pics free car porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 08:05

Hot teen pics
http://sexjanet.com/?bethany
kate price porn swingers cruise porn videos free pissing porn movie non interactive porn rude tube porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 08:33

Hot teen pics
http://trentwoods.fairyporntale.sexjanet.com/?kaela
free lustfull granny porn movies mature hoisewives porn hub georgie over 50 mature porn the training of free porn porn channels on antenna

Submitted by aureliacq18 on Sun, 07/03/2022 - 08:57

Dirty Porn Photos, daily updated galleries
http://ajcookporn.springlake.adablog69.com/?tamia
free gay crossdresser porn comics whore bitch porn porn star tg wool stockig porn pics the machine shop porn flint michigan

Submitted by aureliacq18 on Sun, 07/03/2022 - 09:29

Browse over 500 000 of the best porn galleries, daily updated collections
http://webcam.porn.winslow.amandahot.com/?jayden
young bald pussy teen porn pics latin booty porn thumbs dragon half porn free porn mature amature wifes free ipod cartoon porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 11:22

Hot photo galleries blogs and pictures
http://gigixo.com/?mckenzie
cuckold wife at porn theater asian nubile porn mothers nursing teen girls porn unfuckable uglies porn xnxx porn ipod

Submitted by aureliacq18 on Sun, 07/03/2022 - 11:28

Hot sexy porn projects, daily updates
http://south.renovo.girl.masturbation.alypics.com/?patricia
bbw porn hookers etc anistasia porn mass effect porn game clasic ebony female porn stars free viper movies porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 13:18

Big Ass Photos - Free Huge Butt Porn, Big Booty Pics
http://upland.handjob.porn.hoterika.com/?alex
free porn movies xxx family porn titles anal porn streaming video young naked women porn free close up extreme cunt porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 13:31

Free Porn Galleries - Hot Sex Pictures
http://ephesus.gigixo.com/?aubrey
ann coulter look alike porn free ass lickinh iphone porn porn sites no one knows about prizon porn japanse cartoon porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 14:49

Hot sexy porn projects, daily updates
http://365porntubesharleyville.gigixo.com/?macey
creative female porn stars red tide porn audit and delete software for porn freed porn videos elmo underpants porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 15:01

Teen Girls Pussy Pics. Hot galleries
http://energysexy.com/?tanya
rape in hotel room free porn free gerbil porn asian porn gallery pictures amateur free transvestite porn movies sporty teens porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 16:25

Hot teen pics
http://pornaddictionsmcleod.miyuhot.com/?princess
e hamster porn sweet young inocent girl porn big bust 80 s porn free paulla abdual porn adult xxx porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 17:33

Enjoy daily galleries
http://cuckold.porn.adablog69.com/?myah
alex day porn lizzy borden best porn robin stein porn mature threesomes porn cartoon doug porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 18:06

Browse over 500 000 of the best porn galleries, daily updated collections
http://alexysexy.com/?jolie
grandma and grandpa porn sex videos kara tointon porn vidid porn sarah palin porn fakes brobible top porn sites

Submitted by aureliacq18 on Sun, 07/03/2022 - 19:49

Free Porn Pictures and Best HD Sex Photos
http://goodhope.free90sporn.jsutandy.com/?alena
free teem porn free hellboy porn military girsl and porn raunchy forced sex porn dethnote porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 20:01

Hot photo galleries blogs and pictures
http://roland.miaxxx.com/?maeve
wife meets jamacian free porn fitzroy self shoot porn porn jojo free snowball porn chubby latina porn star sells motorcycle

Submitted by aureliacq18 on Sun, 07/03/2022 - 20:37

Dirty Porn Photos, daily updated galleries
http://elefantpornlist.fruitdale.hoterika.com/?priscilla
cassie ventura free porn free porn pics fent email gay porn cum eating mr porn celeb videos raven riley streaming porn

Submitted by aureliacq18 on Sun, 07/03/2022 - 21:24

Hardcore Galleries with hot Hardcore photos
http://hotnatalia.com/?elissa
free dad on son porn pictures fucking porn freeolder woman younger man porn weed smokers porn stars skye porn gangland

Submitted by aureliacq18 on Sun, 07/03/2022 - 23:11

Teen Girls Pussy Pics. Hot galleries
http://akb48.pornspanaway.sexjanet.com/?annette
shoe sales porn hardcore amateur reality porn aussie beach porn porn pussy bukakke indian porn videos at freeones

Submitted by aureliacq18 on Sun, 07/03/2022 - 23:42

Free Porn Galleries - Hot Sex Pictures
http://jurupavalleygaypiaperporn.alypics.com/?makena
free porn b porn orge porn grid amature woman porn farm porn dvd

Submitted by aureliacq18 on Mon, 07/04/2022 - 00:12

Daily updated super sexy photo galleries
http://parepornherkimer.adablog69.com/?arianna
full porn trailers lesbian squirter porn very busy porn star trek comic porn number one porn video

Submitted by aureliacq18 on Mon, 07/04/2022 - 02:47

My new hot project|enjoy new website
http://firstpornmovieamidon.amandahot.com/?eileen
porn college freshman ree porn clips auditions gay porn belladonna and porn and star euoropean porn

Submitted by aureliacq18 on Mon, 07/04/2022 - 02:52

Enjoy daily galleries
http://de.queen.girl.masturbation.sexjanet.com/?trinity
hot porn with white guy man creampie porn rauchy porn pixelated porn tit porn asian

Submitted by aureliacq18 on Mon, 07/04/2022 - 04:03

Sexy pictures each day
http://xblognetwork.com/?kasandra
pamela andersson porn free reality porn guide mwm gay porn cosplay pokemon porn free porn no payment needed

Submitted by aureliacq18 on Mon, 07/04/2022 - 06:02

Girls of Desire: All babes in one place, crazy, art
http://boyboy.pornpecangrove.miaxxx.com/?kayli
watching porn free cat hentai porn free porn women dominatrix free porn forum pantyhose free full streaming porn videos

Submitted by aureliacq18 on Mon, 07/04/2022 - 06:14

Enjoy our scandal amateur galleries that looks incredibly dirty
http://french.porn.gigixo.com/?addison
jessical alba porn free porn download no credit card porn crawler stream indian vintage porn porn timea

Submitted by aureliacq18 on Mon, 07/04/2022 - 06:18

New super hot photo galleries, daily updated collections
http://vergennes.lexixxx.com/?yesenia
free porn site streaming briish amateur porn movies ipod porn rapidsare red head grandma porn pictures filipina porn movie stars

Submitted by aureliacq18 on Mon, 07/04/2022 - 06:47

Sexy pictures each day
http://richfield.alypics.com/?angel
hot thai porn 1500 vintage porn 1970s porn asian porn countess asia gay porn

Submitted by aureliacq18 on Mon, 07/04/2022 - 09:13

New super hot photo galleries, daily updated collections
http://wentworth.topanasex.com/?joselyn
free hot sexy girl porn celebirty porn tubes jungle interracial porn secrets punta cana porn channel best porn movies awards

Submitted by aureliacq18 on Mon, 07/04/2022 - 09:48

Best Nude Playmates & Centerfolds, Beautiful galleries daily updates
http://cactus.alexysexy.com/?elena
mobile porn cumshots best porn movie with a plot twat fuck shag mature porn girls going porn free control porn

Submitted by aureliacq18 on Mon, 07/04/2022 - 10:49

Hot galleries, thousands new daily.
http://sexjanet.com/?kimberly
meg wren porn star xl girl porn vids long sensual lesbian porn movies free porn tera banks ebonygirls porn

Submitted by aureliacq18 on Mon, 07/04/2022 - 11:03

Free Porn Pictures and Best HD Sex Photos
http://eating.pussy.miaxxx.com/?jayla
porn examination doctor hardcore throat porn little teenie bbs porn lee snijders porn zane porn murder

Submitted by agrohimbkn on Mon, 07/04/2022 - 11:11

Доброго времени суток товарищи[url=https://agro-himiya.by/].[/url]
[url=https://agro-himiya.by/][img]https://i115.fastpic.ru/big/2021/0705/51/9f...
Минеральные удобрения применяются уже десятки лет и подтвердили свою эффективность на практике. Перед тем, как приобретать удобрение, чтобы определить, чего конкретно не хватает в почве на ваших сотках – используйте лакмусовые индикаторные бумажки для определения кислотности почвы. И после этого, осознанно выбирайте необходимое удобрение, концентрат и регулятор кислотности для почвы. Kristalon разработал современные эргономичные составы минеральных удобрений и выпускаются в форме водорастворимых кристаллов и сбалансированным составом макро/микро элементов. Помимо увеличения роста растений, плоды, полученные с этих культур спокойно можно добавлять в детские и диетические блюда, что показывает максимальный уровень безопасности для здоровья. Для улучшения общего состава почвенного состава на вашем участке могут послужить комплексные минеральные удобрения, мелиоранты, гуминовые удобрения. Дополнительная подкормка и защита также помогут вам в борьбе за урожай и цветущий сад.
1)[url=https://agro-himiya.by]аммиачная селитра купить в минске [/url] - Минеральные удобрения купить в Минске можно самовывозом в течении 20 минут, либо c оперативной доставкой.
2)[url=https://agro-himiya.by]минеральные удобрения купить Минск[/url] - Мы предлагаем вам приобрести только комплексные препараты, позволяющие полностью насытить потребности растения после обработки.
3)[url=https://agro-himiya.by]неорганические удобрения купить[/url] - Каждый товар проходит тщательные клинические испытания на различных видах почв и только после этого запускается в серийное производство.
4)[url=https://agro-himiya.by]минеральные удобрения в Беларуси[/url] - Мы заботимся о том, чтобы предоставляемый нами сервис был высокого уровня.
Мы будем рады Вас видеть у нас на сайте [url=https://agro-himiya.by]НАЖМИТЕ ССЫЛКУ[/url]
От всей души Вам всех благ!
[url=https://agro-himiya.by/]кальциевая селитра яблони[/url]
[url=https://agro-himiya.by/]удобрения для перца[/url]
[url=https://agro-himiya.by/]купить аммофос цена[/url]
[url=https://agro-himiya.by/]удобрение корней[/url]
[url=https://agro-himiya.by/]средства защиты растений[/url]
[url=https://agro-himiya.by/]химзащита посевов[/url]
[url=https://agro-himiya.by/]сульфат калия купить в беларуси[/url]
[url=https://agro-himiya.by/]акварин удобрение[/url]
[url=https://agro-himiya.by/]калий азотнокислый[/url]
[url=https://agro-himiya.by/]реализация минеральных удобрений[/url]
[url=https://agro-himiya.by/]комплексные жидкие удобрения патент[/url]
[url=https://agro-himiya.by/]сульфат калия калийное удобрение[/url]
[url=https://agro-himiya.by/]удобрение агрохимия[/url]
[url=https://agro-himiya.by/]делают минеральные удобрения[/url]
[url=https://agro-himiya.by/]органические удобрения купить[/url]
[url=https://agro-himiya.by/]аммиачная селитра 50 кг[/url]
[url=https://agro-himiya.by/]минеральное удобрение кас[/url]
[url=https://agro-himiya.by/]удобрение плодово ягодных[/url]
[url=https://agro-himiya.by/]минеральные удобрения почвы[/url]
[url=https://agro-himiya.by/]минеральные удобрения пшеницы[/url]
[url=https://agro-himiya.by/]минеральные удобрения лука[/url]
[url=https://agro-himiya.by/]цинк хелат цена[/url]
[url=https://agro-himiya.by/]купить кристалон минске[/url]
[url=https://agro-himiya.by/]селитра кальциевая удобрение применение на огороде[/url]
[url=https://agro-himiya.by/]сложные минеральные удобрения[/url]
[url=https://agro-himiya.by/]гуминовое калийное удобрение[/url]
[url=https://agro-himiya.by/]азот[/url]
[url=https://agro-himiya.by/]карбамид натрия[/url]
[url=https://agro-himiya.by/]сульфат калия цена[/url]
[url=https://agro-himiya.by/]удобрение корневина[/url]
[url=https://agro-himiya.by/]удобрение молодого сада[/url]
[url=https://agro-himiya.by/]аммонийные удобрения[/url]
[url=https://agro-himiya.by/]флорон удобрение[/url]
[url=https://agro-himiya.by/]диаммофоска купить оптом[/url]
[url=https://agro-himiya.by/]нитрофоска удобрение[/url]
[url=https://agro-himiya.by/]удобрение мочевиной осенью[/url]
[url=https://agro-himiya.by/]минеральные удобрения растений[/url]
[url=https://agro-himiya.by/]удобрения подкормка клубники[/url]
[url=https://agro-himiya.by/]селитра купить минск[/url]
[url=https://agro-himiya.by/]калийные удобрения купить в минске[/url]
[url=https://agro-himiya.by/]селитра калиевая гост[/url]
[url=https://agro-himiya.by/]минеральное удобрение для деревьев[/url]
[url=https://agro-himiya.by/]хелат железа купить в минске[/url]
[url=https://agro-himiya.by/]азотистые удобрения[/url]
[url=https://agro-himiya.by/]сульфат железа удобрение[/url]
[url=https://agro-himiya.by/]жидкое удобрение растений[/url]
[url=https://agro-himiya.by/]минеральные удобрения селитра[/url]
[url=https://agro-himiya.by/]фосфорные удобрения суперфосфат[/url]
[url=https://agro-himiya.by/]минеральные органические удобрения огурцов[/url]
[url=https://agro-himiya.by/]удобрения декоративных растений[/url]

Submitted by agrohimbkn on Mon, 07/04/2022 - 11:34

Доброго времени суток товарищи[url=https://agro-himiya.by/].[/url]
[url=https://agro-himiya.by/][img]https://i115.fastpic.ru/big/2021/0705/51/9f...
Минеральные удобрения применяются уже десятки лет и подтвердили свою эффективность на практике. Перед тем, как приобретать удобрение, чтобы определить, чего конкретно не хватает в почве на ваших сотках – используйте лакмусовые индикаторные бумажки для определения кислотности почвы. И после этого, осознанно выбирайте необходимое удобрение, концентрат и регулятор кислотности для почвы. Kristalon разработал современные эргономичные составы минеральных удобрений и выпускаются в форме водорастворимых кристаллов и сбалансированным составом макро/микро элементов. Помимо увеличения роста растений, плоды, полученные с этих культур спокойно можно добавлять в детские и диетические блюда, что показывает максимальный уровень безопасности для здоровья. Для улучшения общего состава почвенного состава на вашем участке могут послужить комплексные минеральные удобрения, мелиоранты, гуминовые удобрения. Дополнительная подкормка и защита также помогут вам в борьбе за урожай и цветущий сад.
1)[url=https://agro-himiya.by]аммиачная селитра купить в минске [/url] - Минеральные удобрения купить в Минске можно самовывозом в течении 20 минут, либо c оперативной доставкой.
2)[url=https://agro-himiya.by]минеральные удобрения купить Минск[/url] - Мы предлагаем вам приобрести только комплексные препараты, позволяющие полностью насытить потребности растения после обработки.
3)[url=https://agro-himiya.by]неорганические удобрения купить[/url] - Каждый товар проходит тщательные клинические испытания на различных видах почв и только после этого запускается в серийное производство.
4)[url=https://agro-himiya.by]минеральные удобрения в Беларуси[/url] - Мы заботимся о том, чтобы предоставляемый нами сервис был высокого уровня.
Нам будет приятно видеть у нас на вебресурсе [url=https://agro-himiya.by]НАЖМИТЕ ССЫЛКУ[/url]
От всей души Вам всех благ!
[url=https://agro-himiya.by/]карбамид применение[/url]
[url=https://agro-himiya.by/]аммиачная селитра применение в садоводстве[/url]
[url=https://agro-himiya.by/]подкормка петунии кальциевой селитрой[/url]
[url=https://agro-himiya.by/]сульфат калия для лозы[/url]
[url=https://agro-himiya.by/]удобрения содержащие серу[/url]
[url=https://agro-himiya.by/]аммиачная селитра весной[/url]
[url=https://agro-himiya.by/]минеральные удобрения весенней подкормки[/url]
[url=https://agro-himiya.by/]купить минеральные удобрения оптом в минске[/url]
[url=https://agro-himiya.by/]удобрения беларусь[/url]
[url=https://agro-himiya.by/]подкормка карбамидом[/url]
[url=https://agro-himiya.by/]сульфат магния купить оптом[/url]
[url=https://agro-himiya.by/]железо хелат нсп купить[/url]
[url=https://agro-himiya.by/]купить удобрение аммофос[/url]
[url=https://agro-himiya.by/]купить райкат[/url]
[url=https://agro-himiya.by/]удобрения декоративных растений[/url]
[url=https://agro-himiya.by/]применение жидкого комплексного удобрения[/url]
[url=https://agro-himiya.by/]жидкие зеленые удобрения[/url]
[url=https://agro-himiya.by/]основные минеральные удобрения[/url]
[url=https://agro-himiya.by/]удобрение садовых растений[/url]
[url=https://agro-himiya.by/]минеральные удобрения овощных культур[/url]
[url=https://agro-himiya.by/]удобрения[/url]
[url=https://agro-himiya.by/]флорон применение[/url]
[url=https://agro-himiya.by/]подкормка рассады петунии кальциевой селитрой[/url]
[url=https://agro-himiya.by/]калийно фосфорные удобрения для цветов[/url]
[url=https://agro-himiya.by/]кристалон красный удобрение[/url]
[url=https://agro-himiya.by/]кальциевая селитра для рассады цветов[/url]
[url=https://agro-himiya.by/]селитра аммиачная гранулированная[/url]
[url=https://agro-himiya.by/]удобрения для растений[/url]
[url=https://agro-himiya.by/]жидкие концентрированные удобрения[/url]
[url=https://agro-himiya.by/]удобрения ягодных кустарников[/url]
[url=https://agro-himiya.by/]фосфорно калийные удобрения[/url]
[url=https://agro-himiya.by/]купить удобрение диаммофоска мешок 50 кг[/url]
[url=https://agro-himiya.by/]жидкое удобрение хвойных[/url]
[url=https://agro-himiya.by/]удобрения вносимые почву осенью[/url]
[url=https://agro-himiya.by/]селитра картофель[/url]
[url=https://agro-himiya.by/]удобрение яблонь[/url]
[url=https://agro-himiya.by/]комплексное калийно фосфорное удобрение[/url]
[url=https://agro-himiya.by/]удобрение мочевиной осенью[/url]
[url=https://agro-himiya.by/]удобрения для огорода осенью[/url]
[url=https://agro-himiya.by/]диаммофоска фото[/url]
[url=https://agro-himiya.by/]атланте толука[/url]
[url=https://agro-himiya.by/]хелат железа применение[/url]
[url=https://agro-himiya.by/]подкормка азотными удобрениями[/url]
[url=https://agro-himiya.by/]калиевая селитра минск[/url]
[url=https://agro-himiya.by/]калийные удобрения[/url]
[url=https://agro-himiya.by/]виноград удобрение подкормки[/url]
[url=https://agro-himiya.by/]нутривант плюс[/url]
[url=https://agro-himiya.by/]кальциевая селитра купить в минске[/url]
[url=https://agro-himiya.by/]монофосфат калия для рассады томатов[/url]
[url=https://agro-himiya.by/]монофосфат калия беларусь купить[/url]

Submitted by aureliacq18 on Mon, 07/04/2022 - 11:50

Enjoy our scandal amateur galleries that looks incredibly dirty
http://milampornfreetv.alexysexy.com/?delilah
young porn games hentai free tranny video porn galleries erotik porn seks videolar smerf porn porn tube classic savannah

Submitted by aureliacq18 on Mon, 07/04/2022 - 12:59

Daily updated super sexy photo galleries
http://delftcolonyuvu.porn.energysexy.com/?annalise
free hot slut porn pics videos cartoons porn sex crazy big dick porn videos japan porn vids nude celebirty porn

Submitted by aureliacq18 on Mon, 07/04/2022 - 13:54

Best Nude Playmates & Centerfolds, Beautiful galleries daily updates
http://amandahot.com/?elisabeth
free hentia porn sites uncencerd free adult porn search engine porn hairy girls apple bottoms shemale porn tube horse and girl porn

Submitted by aureliacq18 on Mon, 07/04/2022 - 14:36

Hot galleries, thousands new daily.
http://gay.porn.porn.kanakox.com/?jakayla
top porn cam sites naked teen lesbian porn free bondage porn clilps free porn videos black teen top latina porn site

Pages