What is the real Bitcoin? BTC vs BCH – BitcoinEssex
What is the real Bitcoin? BTC vs BCH – BitcoinEssex
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I’m a commentator for a tournament of nightmares. I’m not sure the participants are willing.
You’d think being a psychiatric ward for 38 months would be enough to deter a guy from ever going back to a sport that involves watching human beings at the height of their physical prowess beat the living shit out of each other. Sometimes regulated, sometimes not. But, here I am, fresh outta the loony bin and reading the most unusual advertising slogan I’d ever laid eyes on; “The most terrifying tournament has come around once again! Conquer your fears in theNFC*…* literally.” This was the business card that accompanied my black envelope as it was handed to me on the discharge ward by a well dressed and gangly fella with an uncomfortable wide smile. He didn’t say much of anything, just that his name was “Watson” before bowing and holding up the envelope. “Heh, like the butler, right?” I said, taking the envelope from his plasticine hands. His smile ripples across his face and he nods slowly, his perfect hair unmoving in the strong wind before he turns on his heel and walks back to the black sedan. The cold air chilled my bones, and I pulled the medical bracelet from my wrist, grimacing at the marks underneath before following Watson to the Sedan and hauling my luggage into the trunk before setting off, not knowing how I came to even be there in the first place. I guess right now, that doesn’t really matter. What matters is where I am now and what I’m doing. "blood strewn across the canvas, frayed brain matter sailing across my head and splattering against the wall, a woman standing in a pool of blood as the deformed creature twitches on the ground" My name is Sal “Motormouth” Sabotta, I’m a sports commentator by trade. Be it combat sports, pro wrestling, death-matches or martial arts tournament, I’ve done it all. I won’t lie; Work can be hard to come by. I’ve spent months struggling for rent and resorting to less tried-and-true commentary methods in order to survive. That has, at times, involved trying my hand at some of the more underground competitions; unregulated fights, sick, illegal games bet on by people on the dark web and worse… Things I’m not going to detail here. Things I’m not proud to have taken a hefty pay-check for from greasy, sweaty fucks in Armani tracksuits and stinking of cheap booze and coke all the way up to well-dressed bitcoin farmers in their 20s who probably own child slaves. In short, I’m no stranger to the grim underworld or the secrecies with which they conduct their work. I see money and an easy way to make it with my voice; I don’t ask questions. So when I received an email the day of my discharge from the hospital and I’m told “you’ll receive a letter from Mr. Watson, take it and follow the instructions to the venue. Pay up front as agreed.”, I don’t question it. Especially when the note is personalised, and the doctor says my medical fees were covered. We drove past numerous landscapes, vistas and neighbourhoods before veering off into an industrial estate and entering an underground tunnel. Half a mile in, Watson stops the car and peers back, smiling. He directs a thumb to the service door in the side tunnel and rubs his neck, a scar running from ear to ear. Was he a former fighter? Gangster? I sighed and got out, still in my medical gown and hauling ass to the door. It opened before I could reach out and a tall, muscular woman in her late 30s greeted me with a smile. She was imposing, powerful in her gait, a black eyepatch with several seals adorning the sides accompanying a thick scar down her face did nothing to stop her beauty. She wore a tank top with a black cloak with white fur on the tops and sleeves, a thick black chain clasp around the neck. I won’t lie; she looked badass. Terrifying, but badass. “‘Bout time ya showed up, Sabotta!” She grinned and put a cinderblock of a hand on my shoulder. I’m 5’10 and 180lbs, but she made me feel like a child in front of her. The power emanating from her fist was unbelievable. “C’mon, the trial match is starting and I don’t want no tourney without a broken in commentator! You gotta know the ropes of this place!” “You know your driver was standing right outside when I was discharged, right? Couldn’t think to give me an extra day or two to freshen up?” I frowned. This wasn’t normal protocol, even for back-alley promotions like this. She just laughed at me and slapped my shoulder. “The tournament waits for nobody, Sal. Times a-wasting.” The hallway is dimly lit and the sounds of a ruckus above us are as impossible to ignore as the sounds of thudding, screaming and snapping. As we pass several doors with one-way mirrors on the front panes, I hear sounds I could have never placed in the animal kingdom or otherwise; gurgles, clicks, grunts and even otherworldly whispers. “What the fuck is that? You guys doing animal fights down here? I mean I called a monkey fight once, but it’s not exactly… pleasant.” I shuddered, thinking of the violence chimpanzees can inflict on one another, let alone humans. She never stopped walking or staring directly ahead when she responded.“Those ain’t animals. Not by a long shot.” Before I can probe further, I’m hurried into a changing room and practically swept off my feet by her strength. I turn back and she’s already poking her head out the door. “You’ve got 5 minutes, get your shit and head up the left stairs, Watson will guide you.” She grinned, and I saw gold filings in her teeth that glinted as much as her bedazzled eye patch. “Ya came highly recommended… I expect good things!” I do as instructed and within 5 minutes I’m back in my commentary clothes; an open buttoned Hawaiian shirt with my old Hotel Inertia shirt underneath, skinny black jeans and shimmering black shoes. I found some old slick gorilla powder in my hair and dusted it up, opting for the dishevelled look as I knew I’d be sweating by the end of the ordeal. “You shouldn’t bother putting in so much effort, y’know. They’re not gonna care how good you look, only how well you talk.” Standing in the doorway was a woman in her 40s, dark-skinned and hair clad in meticulous dreadlocks, tied back into a large bun with a pair draped down the sides of her head. She held a thick book in one hand and pocketed a serrated blade in the other before motioning to me. “We’ll have to do the pleasantries on the way, the match is starting and you don’t wanna miss that. The commissioner isn’t the type you want to upset. Especially when you’re not here by choice.” I looked for a moment, dumbfounded. “I’m here because I was invited, already got my pay from the woman who let me in.” I shrugged, pocketing the envelope and getting my equipment from the suitcase. The woman gave a sad smile and shook her head. “Of course you’d think that. She likes it that way. Bet she didn’t introduce herself either, did she? C’mon.” I follow her down and after a few minutes we come to a fork in the hallway, an elevator system to our right and a stairway to the left. Dutifully, Watson stood patiently, still grinning and motioning us to go up. Once we’re situated in our booth upstairs, I set my equipment up and look down at the table, expecting a slew of papers and fighter information in front of me. I look to the woman to ask, but she doesn’t break her stare in the darkness, looking down at the arena floor some 100ft below us.“You won’t need that. Not for this match.” The lights flicker on and the enormity of this venue reveals itself to me. It’s a structure of imposing steel, dried blood, claw marks and other unknown substances that littered the 40ft wide circular pit the fighters contested in, a black lift on either side from the fighters corners that I can only assume ascended up from their locker room area. Around them were chain-link fences that rose up to the audience stands above, situating around 300 people across all four sides. At the very top sat our booth, the commissioner’s office directly opposite, the judges booth to our right and the fight analysts/medical area to our left. Standing in the centre with a spotlight over them was the commissioner, microphone in hand and an energy that was almost palpable. “Ladies, Gentlemen and Freaks of all kinds out there in the universe. I welcome you once more to the annual Nightmare Fighting Championship Tournament! It’s been a long year, but we have new blood to pit against our resident night terrors and some fresh fears to feast on the fortuitous soul that frolics into their den. As always, our contestants will be fighting for their freedom, a chance to get their wish or to fight for the ultimate prize.” The crowd cheers and the majority are hidden behind thick plexiglass and lighting, but I can see some have Karate Gi’s, weapons in hand and others with demon masks as they whoop and holler. The clientele here were, at least in my estimation, experienced. But I was feeling a lump in my throat at that one phrase The Commissioner so surreptitiously added in without issue; “As always, our contestants will befightingfor theirfreedom*”* I leaned to the woman next to me and as if she knew what I was going to ask; she put a finger up and shook her head. Eyes awash with fear and a grimness I had only seen on that of trainers who knew their fighter was not ready for the bout ahead. She pointed the finger down to my machine, then to the pit. Turning it on, I looked down as the commissioner began to talk, readying myself to commentate on whatever weirdos came up to battle. “But before we get to that, we have an exciting exhibition match for our loyal supporters who bankroll this event every year. Without you elite few, we could not do this. You are the pound for pound goats of support! Now, without further ado; let’s get this show on the road!”The rest of the lights clicked on and spun around the venue as they raised the profile of the bout, the elevators both whirring into action as the right one arose first. “In this corner, from the marionettes shop and accompanied by his Bunraku doll “Mr. Stares”, it’s the man who pulls the strings… THE PUPPET MAN!” Out steps a tall, thin Japanese man in full clown makeup. His head shaven save for two ridiculous strands of hair stretched out and fluffed up to their limits, like red antennae. His eyebrows large m’s that practically cover his forehead, the nose a completely vacant slot with a black hole drawn in and the mouth… the fucking mouth was nailed shut. Literally. Sharp rusted nails had been hammered down through the lips with such force that they’d bent. A sickening crimson red face-paint stretched across the entire bottom half of his face, making it seem far larger by comparison. He carefully held a small bundle underneath a sheet and bowed deeply to the audience before standing at his designated spot. “In the other corner, from the streets of god knows where and the womb of someone who misses him… "Hulked Up" Michael O’Donnell!” I watched with wide eyes and a stomach threatening to evacuate its contents at any moment as the smoke cleared and a boy no older than 17 rushed out, beating his chest and screaming to the crowd as if he was the Incredible Hulk. I don’t know if they drugged the poor kid, but he clearly had no idea where he was. “There are no rules, no referees and judges only exist in case of a draw or unclear victory. Our commentary team will take over and we wish you a phenomenal match.” She drools a little before she speaks again, looking up at me and winking. “Let’s make this a violent one.” She snaps her fingers and leaps for the fence, climbing up with ungodly ease before sitting on her makeshift chair in her office. I have no idea what I’m seeing but every cell in my body is urging me to run; I feel my knees tense and my frame rise ever so slightly before the woman next to me puts her hand on my thigh, pushing me down with great force. “You have a job to do, so do I. Trust me, you think you can leave but if you get out of this chair, not only will YOUR life end. Mine will too.” She unsheathes the serrated blade and looks at me with pity. “We both have a part to play here, so put the headset on and let’s do our job, no matter how hard it is.” Hands shaking, I pick up the headset and connect it to the portable recorder and take a breath. “I… I need your name. What is it you do?” I stutter, trying to calm myself. She hands me a bottle of water as the surrounding lights dim and the spotlight focuses on the spectacle below. “I’m Madame Nelle Lockwood, cryptid hunter and your co-host to guide you through tonight. Good to meet you, Sal.” - NFC EXHIBITION MATCH: "Hulked Up" Michael O’Donnell vs The Puppet Man w/ Mr. Stares “Welcome fight fans from around the world, god knows how you’re listening to this or WHY, but here we are. I’m your host Sal “MotorMouth” Sabotta, wishing this was all a bad dream. Joining me this evening is our cryptid specialist and all round badass Madame Nelle Lockwood. How are you doing, Nelle?” She looks at me with a bewildered look on her face before blinking and coming to her senses. “Uhh… good! All things considered… boy, you really have a professional knack for this, huh? I can see why Commissioner Alduin brought you in." “Ahh, yes. That’s right, folks! NFC Commissioner Alduin invited me here personally and our exhibition match proves to be… challenging. Let’s check in on the action below.” I look down and see The Puppet Man sat down and gesturing to the figure under the sheet, like he’s got a negotiation going on. The boy, undeterred and furious, rushes towards him and takes his back, slapping his head and even pulling on his hair with extreme prejudice. “Well take a gander at that, that kid has absolutely NO fear. When I was his age, I would have stayed FAR the fuck away from a nightmare spectre like that. But hell, this is all part of the show, right? Hope they’re paying that poor guy down there a sizeable sum to throw a fight to a child. What do you think, Nelle; is this the weirdest make-a-wish fulfilment task or what?” I look over to her, hoping she’d indulge me and that I could believe this was just going to end with a pissed off actor storming away when the child hit him too hard. But Nelle was scanning her now open book and looking for information on dolls. “He’s talking to his doll because it’s desperate to be let loose. He’s trying to bargain with it to spare him. This is the nature of the puppeteer and his master.” She pushes the book to the centre of the table and shows me a faded illustration of a pristine Bunraku doll; a kind of meticulously crafted Japanese take on the ventriloquist doll. The limbs are thinner and the face is more minimalist, but still no more frightening. “They usually have a symbiotic relationship, but it seems this one obeys the doll and will not want to face more punishment.” “What do you mean more punishment?” I ask, looking back down at the feverish puppet man as he tries signing frantically under the sheet, even putting his head under as the kid bites his arm and kicks him, screeching. “The nails, Sal. Those aren’t to silence him, they’re to punish him.” The rest happened in slow motion; the sheet fell down. The puppet man stood up and walked to his side of the fighters corner, facing the elevator and placing his face into his forearms as he shook. The boy followed to keep attacking, but with one swift kick to the midsection, the boy was propelled back to the centre of the pit where the doll sat. If there was a human face, I didn’t see it. Instead, I was staring down at a small wood carved spider, the head sporting black geisha hair and the makeup still present, but rows of sharpened black teeth protruded from the clicking mouth and two larger eyes jutted out from the base of the skull, smaller ones dotted closely around it. It was like seeing a puppet ogre spider. “Looks like The Puppet Man has let Mr. Stares out to say hi and I can certainly see why he was under that sheet, this one isn’t pretty folks! The face doth fit the name. The question is, what’s he doing to do ne- “I didn’t need to finish the question. My hands shook, and the world spun around me as this creature crawled towards the still wheezing boy with ungodly speed and perched itself expertly beside him. I don’t know if it was my eyes or the distance from where I sat, but this was NOT a small puppet. He was easily half of the boy’s height and that became more unnerving when he reared up on his back legs, the head clicking up and the raspy voice hissing out like a gas leak in a building. “Hey, hey, kid! Wanna make a deal?” The kid rubbed his eyes, seemingly realising where he was as he calmed down and an air of utter confusion around him. “If you let me be your new master and you promise to take care of me, I’ll let you go!” His head spun around and the jaw clicked ferociously as he giggled, extending out a clawed paw. “Whaddya say?” The boy, still confused, slowly reached out his hand and the moment immediately reminded me of a slew of nature shows I’d seen as a kid; where a predator waits until the prey is lulled before striking. I felt the chill up my spine as he extended his hand and grabbed Mr. Stares. In that moment, he leapt up the arm and bore his way into the boy’s mouth, down his throat and shredded his flesh. The sound was so horrifying, so visceral that it outshines any backyard stabbing, joint snap or broken nose. The boy didn’t even have time to scream, he simply looked up with tear-stained eyes as the puppet disappeared. Then he started walking without him realising. He looked down at his limbs, terrified, looked over at The Puppet Master, who still had his head to the elevator and pleaded with someone, anyone to help him. I looked to Nelle who refused to take her eyes away, studying the battle in an almost morbid scientific curiosity, detached entirely from the scenario. I couldn’t fathom how she did it, how she ignored this boy begging us to get him out of there. I wanted to. Every instinct in me as a fight fan and a decent human was to scream “STOP THE FIGHT!”. But clearly, when my own life is at risk and money is involved... I am not a decent human. Instead, with bile in my throat and a sweating forehead, I did my job. “M-My goodness! The P-uppet, I mean, “Mr. Stares” has BECAME the puppet master, surely the fight will be over with our young competitor incapacitated? What does our commissioner have to say about this?” She stared at me, her one eye gleaming and her face elated with the violence. “It ain’t over yet, church boy. We haven’t even seen the finale, have we Puppet Master?!” She laughs and slaps her knee, the puppet master sobbing as he sinks to the floor and she continues. “He ain’t done feeding, not yet.” The way she said that word “feeding” nearly made me lose what food I had in me. That was a young man, somebody's baby boy… “What does she mean by that, Nelle? What is the strategy to victory here?” Nelle looked down at her book and traced her finger across a passage before wiping her forehead and pushing the locks aside. If her composure wasn’t breaking yet, it would do soon. “This kind of parasitic doll feasts on its prey and targets non-essential organs first, controls the host with the neurotoxin in its tail and then, when it’s finally content, it gives the brain a second injection.” “What happens then?” I asked, my own professionalism hanging on by a fucking thread at this point. She shook her head and pinched the bridge of her nose.“I guess you’ll see in a moment, I sure as hell don’t want to. Not again.” Before I can prompt her further, the boy lets out an ear-piercing shriek and falls to his knees, gripping at his head before it turned red, then purple and finally an ugly shade of puce before… The sound of a watermelon hitting the ground from a great height is the best comparison you’re going to get without making me want to rush to the toilet to puke for a third time. But that’s what happened. His head burst and chunks of his skull, flesh and brain matter sprayed the pit and the walls, some hitting my desk and making me audibly shriek, much to the commissioner's delight. “HA! You didn’t run! I like you, Sal. You pass for the tournament!” She hauls her body up and slams down to the pit, applauding as the microphone descends from the heavens. “And your winner; The Puppet Man and Mr. Stares!” The crowd erupts with applause as the weeping puppet man pulls the blood-soaked puppet out, places him under the sheet and silently begins to walk back to the elevator while attendees clear up the boy’s corpse. “What… what the fuck IS this place?” I ask Nelle, pausing my recording. “This is where nightmares are kept and set upon mostly unwilling competitors for the world’s amusement. You HAVE done dark web fights before, right? Mafia snitches being put into lions pits, bum fights, addicts fighting women to score… this can’t be THAT unusual to you?” I stared at her incredulously. Was that even a question? “I did the dark web ONCE and it damn sure didn’t involve monsters!” She scoffs and closes her book, stretching before looking at me with contempt. “Oh, it did. Just not the ones you hear about in fairytales. Good luck with the selection process. I’ll be back for the opening round. Don’t try to run, they’ll devour us both in minutes, if you think this is the pinnacle of what lurks beneath this club, you're in for a rough night.” She sauntered off, leaving me deflated, sickened and terrified. Unable to leave and frustrated to the point of tears that I couldn’t express that concoction of emotions, I did what I always do; I regressed and pressed “record” on the device as Commissioner Alduin continued. At that moment, however, I was deaf to it all. The gravity of the situation had fully enveloped me… They weren’t kidding about the unwilling participants, I just didn’t realise I would be one of them.On every side of me sits men and women with a desire for violence that goes beyond the norm, beyond the sane and beyond the boundaries of humanity.Below me are an untold number of creatures rattling their cages and howling for blood. Across from me is a woman so powerful she could crush my skull beneath her boot with the utmost ease if it so amused her. That invitation was nothing more than my own ransom note in pretty colours and flattering platitudes. I was in a tournament housing nightmares incarnate. And it would only get more violent from here on out. - The opening round was a blood bath.
UYT Main-Net pre-launching AMA successfully completed with a blast
7 pm, 29th September 2020 Beijing time the UYT Main-Net pre-launching AMA successfully completed with a blast! Here is a full record of the AMA: Host: Hello everyone, it’s a great honor to host the first AMA of UYT network in China. Today, we have invited the person in charge of UYT Dao. Let’s ask Mr. Woo to introduce himself Woo: Hello, I’m Ben. I’ve met you in the previous global live broadcast. I’m the director of UYT Dao and the founder of IGNISVC. At present, I’m the CEO of the TKNT foundation and have been engaged in the blockchain industry. Q1. At present, different types of blockchains have emerged, but cross-chain interaction is still suffering a lot. In your opinion, what is the necessity and significance of cross-chain? Answer: The full name of UYT is to unite all your tokens, which is to integrate all public chains and increase the liquidity of the whole industry. Our purpose is not to create another public chain, but to become a platform for the exchange of value, technology, and resources of all public chains. What we need to solve is that each individual chain can circulate with each other. The full name of UYT is to unite all your tokens, which is to integrate all public chains and increase the liquidity of the whole industry. Our purpose is not to create another public chain, but to become a platform for the exchange of value, technology, and resources of all public chains. What we need to solve is that each individual chain can circulate with each other. Q2. The founder of Ethereum, V Shen, once wrote a cross-chain operation report for bank alliance chain R3, which mentioned three cross-chain methods. Which one does UYT belong to? Can you briefly introduce the cross-chain solution of UYT? Answer: In Vitalik’s cross-chain report, there are three main cross-chain methods. The first is that both parties do not know that they are crossing the chain, or that they cannot “read” each other, such as the centralized exchange. The second way is that one of the links can read other chains, such as side-chain / relay chain. That is, a can read B, and B cannot read a; The third is that both a and B can read each other’s, which can achieve the value and information exchange between a, B, and the platform. UYT belongs to the third kind. Our new official website will be online soon. Here are a few simple points: first of all, the architecture of UYT includes relay chain, parachain, parathreads, and bridges. In terms of ductility, it has exceeded almost all the public chains currently online. In the UYT network, there are four kinds of consensus participants, namely collector, fisherman, nominator, and validator. The characteristics of this model are: first, all people can participate without loss. Secondly, as long as anyone makes more contribution to the ecology, he will get more rewards, otherwise, he will receive corresponding punishment. The underlying layer of UYT is the substrate, which uses the rust programming language. Rust is committed to becoming a programming language that can solve the problems of high concurrency and high-security systems elegantly. This is also a great advantage that we are different from other blockchain projects in technology. Q3. What are the roles in the UYT network? What are their respective functions? Answer: After the main network of UYT is online, there will be four roles: collector, fisherman, nominator, and validator, which is totally different from the current system of the test network. The collector, in short, is responsible for collecting all kinds of information in the parallel chain and packaging the information to the verifier. Fishermen, to put it bluntly, is fishing law enforcement, which specifically checks out malicious acts and gets rewards after being checked out. The nominator, in fact, is a group of rights and interests. The verifier is its representative, and they entrust the deposit to the verifier. Verifier, package new blocks in the network. It must mortgage enough deposits and run a relay chain client on a highly available and high bandwidth machine. It can be understood as a mining pool. It can also be understood as the node in the current UYT DAPP. Q4. What is the mining mechanism of the UYT network? The only way to obtain UYT after its issuance is to participate in mining activities. In the initial stage, the daily constant output times of UYT are set to 1440000, and the cycle of bitcoin is halved. Mining rewards can be obtained in the following five ways: 1) Asset pledge mapping mining 2) Become the intermediate chain node of uyt network 3) Recommendation and reward mechanism 4) Voting reward 5) UYT network Dao will take out 10% of gas revenue from block packaging for community construction and reward of excellent community personnel Q5. The rise and fall of the blockchain are very fast. In order to give investors confidence, is there a detailed development plan, implementation steps, and application direction of UYT network in the next few months? Answer: UYT Network test network has been running stably for a year. After the main network is launched, all mechanisms will undergo major changes. The relationship between the UYT test network and the main network can be understood as the relationship between KSM (dot test network) and dot the main network, and the feasibility of the technology can be reflected more quickly by the UYT test network because of its faster timeliness and all future technology updates Some will move to the main network after the stable operation of the test network. In order to give users a better experience and give more rewards to excellent nodes, all Dao organizers are working hard for it. The development team has completed the cross-chain of bitcoin and some high-quality Ethereum based tokens in the early stage, and now the code has all been open source. For other mainstream currencies, community members can apply for funds to develop. In order to develop the ecology and make a better technical reserve, we will set up a special ecological development fund when the main network goes online. The transfer bridge is our key funding direction. The maximum application amount of a team is as high as 100000 US dollars. In addition, if other public chains want to connect to UYT, they will get technical support. In order to encourage developers to participate in ecological construction, Dao also launched a series of grants to support development. Developers can directly pull the better applications on Eth and EOS directly, or develop new products according to their own advantages. These directions are now the focus of funding. Due to the early online testing time of uyt network, it is based on the earlier version of substrate1.0. The on-chain governance mode can only be realized after the upgrade of 2.0 is completed. At present, the upgrading work is going on steadily, and the on-chain governance will be implemented in the main network with the launch of the uyt main network. As a heterogeneous cross-chain solution with high scalability and scalability, UYT network can perfectly bridge the parallel encryption system and its encryption assets in theory, and its wide applicability in the future can be expected. Therefore, we do not limit the areas where UYT network will play its advantages and roles. But in the general direction, there will be mainly DEFI and DEX ecological plates. From the industry, it can cover a wide range of fields, not only finance but also games, entertainment, shopping malls, real estate, and so on. Q6、How can UYT help DEFI? Answer: UYT network can not only link different public chains but also make parallel chains independent and interlinked. Just like the ACALA project some time ago, it has successfully obtained Pantera capital’s $7 million saft agreement. Although the concept of DEFI is very popular now, all DEFI products are still in the ecology of each public chain, and the cross-chain DEFI ecology has not been developed. UYT is to achieve cross-chain communication, value exchange, and develop truly decentralized financial services and products. For example, cross-chain decentralized flash cash, cross-chain asset support, cross-chain decentralized lending, Oracle machine, and other products. At present, our technical team is also speeding up the construction of infrastructure suitable for the landing of more DEFI products and services and is committed to creating a real cross-chain DEFI ecology, which is only a small step of UYT’s future plan. Q7、TKNT should be one of the hottest projects in the UYT ecosystem recently. Please give us a brief introduction to the TKNT project and the value of TKNT in the UYT ecosystem. Why can TKNT increase 400 times in 7 days? And what is the cooperative relationship between UTC and TKNT? Answer: I will answer each project from the technical and resource aspects. Let’s first introduce UTC. UTC is the token of Copernican network and the first project of UYT game entertainment ecology. In the future, it will be responsible for linking. Due to the high-quality public chain in the entertainment industry, because of the limited slots of UYT, each field will seek a high-quality partner and help the partner become the secondary relay chain of UYT. After the main network of UYT goes online, many chains will want to access UYT Greater value circulation, due to the limited external slots of UYT, the cost is also very high. At this time, you can choose to connect to UTC first, and then connect UTC to UYT. With more and more links with UYT, it will gradually evolve into a secondary relay chain of UYT network. UTC’s resources, online and offline, offline payment and offline entity applications, also have a very large community base. The ecological partners have very good operation experience in the game industry. They will use blockchain technology to change the whole game entertainment industry to make it more transparent and fair. At the same time, there are enough entity consumption scenarios. This is also UYT Because of the reason why the network chose to cooperate with it, the UTC project has been supported by the UYT ecological fund. The support fund includes that after the main network is launched, it will also be the first ecological cooperation project supported by UYT. Because of the online time of the main network of UYT, UTC can’t directly form a chain at present and will give priority to issuing on Ethereum. TKNT is a new concept project TKN.com TKN is the largest online centralized guessing game platform in the world at present. TKNT mixes bet mining and DEFI, so it can carry out fixed mining through platform games, build a system that can realize game participation and in application payment in all Dapps based on ERC20, and combine with various financial services. The reason why TKNT has created a myth of 400 times in 7 days is that the TkN platform has a buyback plan. As we all know, the online quiz game entertainment platform has an amazing profit. Every quarter, the profit will be used to buyback. The strong profit support has led to the huge increase of token. In the future, all users can use UTC to participate in TkN games. Therefore, the main network of UYT is that Line is also of great significance to TKNT. With the maturity of UYT ecology and technology, TKNT can have a more powerful performance. If TKNT wants to link more public chains, it needs to access UYT network, and realize a bigger vision with cross-chain interaction of UYT. After TKNT was launched on the exchange, the highest price has risen to $14, and now it has dropped to about $2.50. You will see that it will once again set a record high and create greater miracles. You will also see that $3 will be the best buying point for TKNT, because there will be several major moves in TKNT, and the global MLM plan will be launched on October 7 in Korea, China, and other countries There will be many marketing teams in Europe to promote TKNT, including DAPP.com As a shareholder of TkN, TKNT will also make every effort to promote TKNT. Secondly, TKNT will be launched next month on the largest digital currency exchange in South Korea, and Chinese users will see the shadow of TKNT on Binance in November. Of course, the decentralized trading platform of UYT will also be launched in the future. Q8. What is the significance of the launch of UYT’s main network for the industry and ecology? Answer: UYT is one of the few cross-chain platform projects in the industry at present. There are many public chains and coin issuing projects. Why? Because of less work, more money. However, there are very high technical and capital requirements for cross-chain and platform. This barrier is very high, so almost no project side is willing to do this. But once this is done, it will be of great significance to the whole industry of digital currency and blockchain. Because it will subvert the current situation of the whole currency circle and chain circle acting on their own, and the painting land is king. Let each independent ecosystem achieve a truly decentralized and trust-free cooperative relationship. This huge change will promote the whole industry to develop into a healthy and virtuous circle macro ecosystem. Q9. The slogan of many project supporters is that UYT should surpass Ethereum. What is the difference in technology between UYT network and Ethereum? Answer: Thank you so much for supporting UYT. In fact, the correct understanding is that UYT is the next era of Ethereum. First of all, UYT has a different vision from Ethereum. Before the emergence of UYT, Ethereum, and EOS, no matter how well they developed, belonged to the era of a single chain. The popular metaphor is a LAN. However, UYT can realize the interoperability of each chain and bring the blockchain into the Internet era. Secondly, UYT is far superior to Ethereum in technology. It mainly includes three aspects: shared security, heterogeneous cross-chain, and no fork upgrade. In the case that Ethereum 2.0 has not been implemented, UYT is the most friendly bottom layer for the DFI projects and other Dapps on Ethereum. Now, the hair chain architecture substrate of UYT is compatible with Ethereum smart contract language solidity, so eth developers can easily migrate their smart contracts to UYT. Up to now, there is no good solution to the congestion problem of Ethereum, while UYT network not only solves the network congestion problem. What’s more, UYT can easily realize one-click online upgrade, instead of having to redeploy a set of contracts on Ethereum for each version upgraded and then require users to follow them to migrate the original assets from the old contract to the new contract. Developers can quickly and flexibly iterate their own protocols to change their application solutions according to the situation, so as to serve more users and solve more problems. At the same time, they can also repair the loopholes in the contract very quickly. In the case of hacker attacks, they can also solve the hacker stealing money and a series of other problems through parallel chain management. We can find that for Ethereum, UYT not only solves the congestion problem we see in front of us but also provides the most important infrastructure for the future applications such as DFI on Ethereum to truly mature into an open financial application that can serve all people. It also opens the Web 3.0 era of the blockchain industry. In terms of market value, Ethereum currently has a strong ecological construction, with a market value of US $40 billion. UYT will also focus on the development of this aspect after the main network goes online. No matter in terms of market value or ecological construction, I have enough confidence in UYT, after all, we are fully prepared. Q10. What is the progress of the ecological construction of UYT? What opportunities do current ecological partners see in UYT or what changes may be brought about by UYT ecology? Answer: After the main network of UYT goes online, there will be a series of ecological construction actions, and more attention will be paid to establishing contact with traditional partners. Cross-chain decentralized flash cash, cross-chain asset support, cross-chain decentralized lending, Oracle machine, and other products will also be the key cooperation direction of UYT. UYT will give priority to the game and entertainment industry because this industry is most easily subverted by blockchain. As the ecological construction of UYT gets bigger and bigger, the future slots will become more and more expensive. The earlier you join UYT ecology, you will get more support from the ecological fund because the ecological fund is also limited. From the perspective of token value-added, all the project parties will cooperate with the project side in the future, and the project side needs to pledge a certain number of UYT to bid for slots, except for ecological rewards, others need to be purchased from market transactions. The difference between the pledge here and the pledge we understand is that the UYT of the ecological partner participating in the auction pledge cannot enjoy the computing power for mining. UYT main network has several opportunities for Eco partners to look forward to, the first point is bitcoin, bitcoin will be later than other assets late, but eventually, all the bubble and value will return to BTC, after the wave of DeFi bubble elimination, the focus will be very much in the bitcoin. UYT ecology can provide a more mature bottom layer for defi. In addition, now Ethereum’s DEFI is that of Ethereum and ERC 20 tokens, and the outbreak point of bitcoin has not yet arrived. Therefore, the DEFI of UYT ecology may be the next opportunity, which is a good opportunity for everyone. The second opportunity is that after the main network goes online, the future UYT ecological projects will compete to bid for slots. In fact, the original intention of UYT is to realize the interconnection of all chains. The chain outside the UYT ecology also needs to communicate. The third is cross-fi. The BIFI is hatched on Ethereum, and the def on UYT can realize multi-chain operation. For example, TkN games or future UTC game platform users can call bitcoin on the UYT chain. This form only belongs to the decentralized finance in the cross-chain era of UYT, which can be called cross-fi. Q11. Which exchanges will UYT go online next? What is the online strategy like? Answer: As the founder of ignisvc and as UYT As the head of the Dao organization, we have always had good cooperative relations with major exchanges all over the world. TKNT will appear in several exchanges one after another. Hitbtc exchange in the United Kingdom, Upbit and Bithumb Exchange in South Korea, Bitfinex exchange in the United States, Binance exchange in China, BKEX exchange, and Kucoin exchange in China are all our partners, and they have been paying close attention to UYT Development, UYT is the public chain with the largest user base and the highest community participation in the cross-chain field, so the future value is immeasurable. If we have to go to the exchange, then we will choose one of the above exchanges to launch. But the vision of UYT is to create a fairer, safer, and transparent circulation in the field of digital currency, and users can master all the assets by themselves, Therefore, in the beginning, there is a simple DEX on the UYT wallet, which is a simple matchmaking transaction and is also an on-chain transaction. After the completion of the UYT DEX, more transactions may occur in the UYT DEX. However, after the main network of UYT is online, centralized exchanges can directly access the block data synchronization of UYT, and it is not ruled out that some exchanges will directly go online for UYT trading. Such exchanges will not enjoy the support of the ecological support fund of UYT. The network project is a community-led project. Each cooperation plan of the exchange will be carried out in the way shared by the community in the future. Dao organization can only implement it according to the voting results. Q12. What are the plans for the promotion of ecological development and market by the launch of UYT main network? Answer: The launch of the main network will be completed around October 15. On the offline side, due to the epidemic situation, we will jointly organize corresponding market activities with nodes in different countries. At present, there are three large-scale offline meetups that have been identified. We will also start a global roadshow when the epidemic is over. On the online side, we have opened online Wechat, Kakao, Twitter, Reddit, and telegram communities. We will carry out AMA activities in various countries and promote them all over the world in various ways. Of course, we will launch MLM plans and cooperate with more marketing teams.
It has been shared on multiple subreddits so I have no idea where to even post this. But I'd like to come up with a follow-up thread with some more information. The internet is the most powerful tool that mankind has ever invented. You have the ability to reach thousands, millions and even billions of people with just a computer and some internet access.
If you're on this subreddit, chances are you're already playing Tibia and you already have a computer and internet access. It doesn't need to be the best internet, but as long as websites will load (eventually) you are good to go.
In this topic I will go more in-depth on web development and software engineering. If you have a very slow internet connection, you may want to look into web development instead of software development. An application/software is much heavier (larger file size) than a website. And most developer jobs require that you send and download files, back and forth, between you and your company's server. So if you feel like your internet is too slow to send a lot of files - do not worry! There are plenty of jobs.
First, I will go through some more details on how to learn web development and software development. After that, I will list a few other kinds of jobs that you can do remotely. These types of jobs can be done from anywhere in the world as long as you have internet access.
Part 1: Some languages you should learn
What is web development? Well, it can be a lot of things. You perhaps make websites for shops/restaurants/hair dressers/dentists, or you work for a big company and work on their web application, like Outlook, Discord or Spotify (which can all be accessed via a browser: their web app). You can also work with design and user experience, instead of programming. Being a web developer can mean so many different things, it's impossible to name them all. But most web developers are just developers: they program. They make websites, and they either sell the websites to companies (as a consultant) or you work full/part-time for a company.
I can not provide in-depth information about every single thing, but I can give you some pointers. The very basics any web developer should know is this:
HTML (HyperText Markup Language) - it's what almost all websites use as a foundation. This is not a programming language, but it is a markup language. If you want to build websites, you pretty much have to know this language. Don't worry though, it is easy. Not so much to learn. You can learn all about it in a few weeks.
CSS (Cascading Style Sheets) - it's what will add colors and shapes to your website. If you want to focus more on design (also known as front end development) then this is where you want to gain a lot of knowledge.
Python - A very simple language to learn. This language is very often the first programming language that developers start using. You can use it for a lot of things. This language is used in the back of a lot of websites. Google has been using Python for years and still is. It's great for web scraping and making web requests. If you want a language to practice your algorithms, then this language is awesome.
PHP - This used to be a very popular language, but not so much these days. However, it is very good to know how this works because it's very simple to learn and also very functional in some cases. If you want to transmit or withdraw information from a database to your website, then this (in combination with SQL) is a great way to do so. Whenever you make a login system or a contact form, the data must be sent somehow to a recipient or a database. PHP will help you do that. It is a server-side language, which means it will run in the back of the website.
SQL - To be able to communicate with databases (for example: save data, update data, or insert data) you can use different languages for that. But SQL is probably the most widely used language for this. It is basically just a bunch of commands that you tell your website or app to do. If you have a web shop for example, you will need a database to store all your product information in. You can for example use MySQL as your database and then use the SQL language to extract data from your database and publish it as a list of products on your website.
Java - This is pretty much 90% identical to C# as I wrote above. Widely used, relatively easy to learn the basics and there's plenty of jobs. If you like making android apps, this language is for you.
Part 2: Technologies and useful tools
To become a web developer you will need a few tools. You need a text editor, a FTP client, a SSH client and some other things. Also a good browser.
Text editor: Visual Studio Code, Atom, Sublime Text, Brackets - There are many different text editors but at the moment, I highly recommend Visual Studio Code. It has so many built-in features it's honestly the only thing you may need.Don't forget to install Notepad++ as well - this very basic editor is so handy when you just quickly need to edit some files.
File archiving: WinRar, 7-Zip - You need some way of archiving projects and send it to your customer or employer. These are basic tools anyone should use. I personally use Winrar.
FTP (File Transfer Protocol): FileZilla - This tool will allow you to connect to your website's file manager and upload your files to it. There are many tools for connecting to an FTP server but this is the most popular one, it's simple and it works great.
VPS (Virtual Private Server): Amazon Web Services, Google Cloud - If you want to practice building web applications or want to host your own website as a fun project, it's great to use a VPS for that. Both Amazon and Google offers 365 days of free VPS usage. All you need is a credit card. However, they will not charge you, as long as you stay below the free tier limit. A VPS is basically a remote computer that you can connect to. I highly recommend that, if you have a slow internet connection. Those VPS-servers (by Amazon and Google) usually have 500mbit/s internet speed, which is faster than most countries in the world. You simply connect to them via Remote Desktop, or by SSH. Depending on what type of server you are using (Windows or Linux).
SSH (Secure Shell): Solar-PuTTY, PuTTY - If you for example have a web server where you store applications and files, a great way to connect to it is by using SSH. PuTTY is pretty much the standard when it comes to SSH clients. But I really love the version created by SolarWinds. When you download that one, do not enter your personal details. Their sales people will call you and haunt you! Haha.
File Searching: Agent Ransack - When you have many files and try to locate a specific document or file, you may want to use something like Agent Ransack. Much faster than the traditional search feature in Windows and it is much more accurate.
IDE / Code Editor: Visual Studio - Great tool to use when you want to create applications in C# for example. Do not confuse this with Visual Studio Code. These are two very different tools. This tool (Visual Studio) is more designed for Windows applications. Not just websites. I only recommend getting it if you plan to make programs for Windows.
Web host & domain: NameCheap, Epik, SiteGround - If you develop websites on your own, or maybe want to create a portfolio website, you will need a domain name and web hosting. I have personally used all of these 3 and they are very cheap. NameCheap has some of the cheapest domains and great web hosting for a low price. Their support is also great. Same with SiteGround. And if you want to buy a domain anonymously (with Bitcoin for example), then you can use Epik. Low prices and great customer service on all these 3 websites.
Web Browser: Mozilla Firefox, Microsoft Edge Insider, Google Chrome - You need one of the latest web browsers to create websites these days. Since I prefer privacy over functionality, I've always loved Firefox. But recently, Microsoft has been improving its new version of Edge a lot (based on Chromium) and it's also very popular. If you want all your personal details to be saved and have good tools for web development, then use Google Chrome. Don't forget to utilize the built-in developer tools. You can access it in any of these browsers by pressing F12.
Other things you may want to look into:
Web services, SSL certificates, Search Engine Optimization, Databases, API, Algorithms, Data Structures
If you want to learn in-depth about algorithms, data structures and more. Then you can take a look at the curriculum of the top-tier universities of USA. Such as: UC Berkeley, Harvard and MIT. These courses are very hard and are specifically for people who want to become experts in software engineering. You can enroll some of them for free, like the one on Harvard. And by having a such diploma (which costs $90 extra) can get you a lot of job opportunities. You can enroll those courses if you want, but it can have a fee. But just take a look at what they are studying and try do their exercises, that is 100% free. Get the knowledge. It's mostly on video too! These course below are the very same courses that many of the engineers at Facebook, Google, Amazon, Apple, Netflix, Uber, AirBnb, Twitter, LinkedIn, Microsoft, etc. has taken. It's what majority of people in Silicon Valley studied. And it's among the best classes that you can take. These course are held by some of the world's best professors in IT.
In a world where technology rules with an iron fist, a group of rebels use phone apps to cast spells and weave enchantments into megaphones, motorcycles, and electric guitars. Magepunk is the future.
Cyber punk by way of the council of elrond. I really don't think this one came out great. It's...okay. I would probably skip it unless you really want to see lord of the rings re-imagined as cyberpunk. Art banged on the door and pulled his hood up against the rain and spysats.”Lomir,” he whispered. The concealment spell spread out around them to infect every digital eye in a block. It would only last a minute; the enemy was stronger than ever, but it should be enough. He spoke to the man next to him. “Okay Fred, everything is going to be okay now. These are the best magi in the world, if anybody can help us it’s them.” The man next to him huddled in his coat. They both had brown hair, but where Art was tall, broad, and lean, with grey eyes, fitting for an ex-Army ranger, Fred was short with brown eyes and shaggy hair. A thin woman with long dark hair opened the door a crack. “Were you followed?” she hissed. Art shook his head. “No, I took precautions El. I’ve got a concealment spell up but I think they know we’re in the area.” His eyes went wide as he felt some of the cameras start to come back online. “Shit. I think the Eye is looking for us. The spell is failing. Let us in!” El jerked the door open and waved them in before slamming it shut. She snapped off a single hair from her head and wrapped the doorknob, and whispered “findele.” The hair dissolved in to a mass of nanites that set about reinforcing the door. El turned back around to face them. She was pretty but could have been any age from a rough 25 to a well preserved 50. “That should hold them for a while. With any luck they’ll just think it was a random outage.” She examined Fred. “So. You’re supposed to save us all.” Fred shuffled his feet. “I guess. I don’t really understand everything, but Art found me. Said I needed to take this to Oculus headquarters to destroy it.” Fred pulled a ring out of his pocket and held it up. El stared. She started to reach out to examine it but caught herself in time and pulled back. “You...you just hold on to that.” She brushed past them to move down the hall. “Come on, you’re the last ones to arrive. We have a war council to attend.” She led them down a dark hallway. “Cala.” The old LED lights along the hallway glowed gently to life, still good after all these years. They came out in a large room, lined with monitors and humming server racks, with a large table in the center. There were 4 other people already sitting around it. “Okay, so this is everyone. That’s Legs,” she pointed to a tall lanky blonde man, who nodded, “Grim,” a shorter man, about Freds height, with a bushy beard, wearing a lot of leather, “Barry,” he was a bit shorter than Art but had the same coloring, “And Gramps,” and old man with a scraggly beard, holding a staff, he was wearing grey robes. “I told you my name is Linus,” he snapped. “And I told you that we aren’t using our real names. This council is warded and air gapped but we can’t take chances. Gramps.” He grumbled and crossed his arms. El gestured to the table. “Go ahead and take a seat. Coffee?” Everyone nodded. “Tulu yullas,” she said in a clear voice. Fred could hear a coffee maker hum to life and saw a small drone zip over to it with a tray. “Coffee should be around shortly, everyone. Now, Gramps,” she smirked as she said it, “I think it would be best if you told us what you found.” Gramps grumbled and stood up. “Very well. It started a month ago when I went to meet with one of my contacts, Sarah. Known her for years. I wanted to discuss recent movements Oculus has been making. Buying up opposition, squashing dissident stories. They haven’t put out a new product in years, ever since Google crushed them in the AR wars, but there was rumbling that something big was going to happen soon. Sarah said she had information on it.” Gramps took a cup of coffee from the drone and took a sip. “She was at least telling the truth about that. I told her that the ring,” he nodded to Fred, “had turned up again like a bad penny and was making its way around the world. She seemed pretty shocked by that, and insisted that we secure it. We quarrelled over it, I wanted it to be destroyed, she said I was being a fool. I said that with this we could destroy oculus forever, but she just wanted the power.” Gramps sighed. “I trusted her, so I didn’t have any firewalls up. She finally told me that she had joined forces with Oculus, and wanted to know if I would join her. I laughed in her face. That’s when she triggered her binding. Burnt out almost everything I had on me all at once, including my phone,” he threw a burnt piece of plastic on the table, “supposed to be military grade but the battery blew out immediately. Blew out my ID, my rings, everything. Then she triggered another app, the walls of a cage shot up around me. I was stuck and she knew it. She told me I would have plenty of time to think about it and left.” Gramps grinned. “But all her fancy apps failed to account for my walking stick here.” He picked it up. “Had a backup ID and com ring deep in a secret compartment, wrapped in a faraday cage. Took me a while to get it wired up to the aether, but once I did, I was able to make contact with a friend of mine, he was able to get me out. Came here soon as I was able.” Fred raised his hand. El smiled at that. “You don’t have to do that here, Fred. You have a question?” Fred nodded. “But what’s so special about this ring, anyway? It’s just a ring.” El shook her head. “Unfortunately, it’s not just a ring. It’s a biometric lock that gives you access to all of their bitcoin deposits. It has the original passcode that all of their accounting was based on. If you were to take that to their headquarters, you would have complete control over their company. You could do whatever you wanted with it, burn it to the ground, control it, sell it, anything. And there’s nothing they could do to stop you. They will do literally anything to get a hold of it.” “But why me?” “That’s an incredible coincidence. According to my scrying, well, you remember your Uncle Bill?” Fred nodded. “He was their CFO since the beginning. Crypto wasn’t as popular then and people were still worried about security, so he went to the main server of the company and had it create a ring. That ring. It contains the password to give you access to all of their crypto accounts, and you can only access it if you have the right biohash. His biohash, as it turns out. And you happen - by some one in a billion chance - to share the right markers with him. Given enough time, any of us in this room could fake it. But you can just use it outright.” El nodded to Gramps. “Thank you, Gramps, please take a seat. Barry, I believe you were next?” Barry stood up and nodded to Art. “Some of you I’ve met before, some I haven’t, but I’m Barry. Me and my brother Frank, we’re heirs to one of the Google fortunes. And we’ve been digging.” “I remember the technomage wars, a lot of us do, and I know that the official history is that the remnants of the Fang alliance - after Facebook was crushed - was able to defeat oculus and kill their chance at recovery, but I’m here to tell you that just isn’t true. It was largely a draw, until Oculus just withdrew. They stopped fighting everywhere, ended all their rituals, and went back in to research and development mode. And look around you. They might have officially ‘lost,’ but Oculus still makes the best haptics around. That’s why they are still the most popular, even years after they stopped producing anything new.” “My brother, Frank, he’s the oldest, so he gets a chance to play with the newest technology. He showed me this new piece that lets you hack in your dreams. You know how fast dream time is, well, the response time on this lets you pass through firewalls like they aren’t even there. So, one night, he took me scrying with him. We decided to go for oculus headquarters. We thought they were dead. We were wrong.” “It was six of us. Frank was having a party and everyone wanted to try out the newest scrying method, so we went under and followed him over the aether into the oculus servers. Like I said, we thought they were dead, but what we saw there...massive databases chugging away, servers running at peak capacity, security like nothing I’ve ever seen. We had to hide from bot patrols every five minutes. I wanted to leave but Frank wanted to keep looking, so we went deeper in to the racks. That was a mistake.” “They shouldn’t have been able to find us, but, well, someone was dropping packets. One of the bots was able to spot his tracks and start running us down. Frank heard the alarm going off before any of us. He told us to run, to get back to the party. We did, but not everyone made it.” Barry slumped forward. “Frank and I, we’re the best. We’ve been hacking since we were old enough to punch a keyboard. We made it out. But the rest of them weren’t so lucky. The bots caught them, and...this is the part I don’t understand, they killed them. Not in the aether, in the real. Every other person in our party had seizures and died right there. We knew right then that we had to do something. Once I heard that the ring was back in play, well, I knew I needed to come here and talk it out with El. Frank stayed behind. He’s fighting them every night in his dreams, trying to slow down whatever they’re doing, but he needs help. We all do.” Barry sat down heavily and stared at his coffee. “You got any whiskey for this?” Grim grunted and pulled a flask out of his vest. “Take it, lad.” He slid it across the table. Barry raised it back to Grim in a toast, then uncapped it and filled up his coffee cup with it. Grim stood up. “Might as well go next. Go by Grim.” He had a scottish accent. “I’m not famous like some of ye, but I’m one of the best damn app programmers in the world. Runs in the family. My father, he wrote the very first micropayment app. We have a reputation. You need something new built? You come to the Grim family. We can build anything.” “So we weren’t all that surprised when a representative from Oculus came by a few weeks ago. Really slimy shite, hands like he’d never woven a script in his life. He said he wanted something new. Something like the world had never seen. He said he couldn’t offer us the details until we signed, but he promised to make it worth our while. And then, he pulled out a ring, like that one,” he nodded to Fred, who shoved the hand inside his pocket, “and told us that it was a biometric lock, keyed to one of the outstanding Oculus crypto fortunes. The exact numbers had been lost, but it was worth a fortune. And they would key it to us, as long as we agreed to work with them.” “Well, my father thanked him for his time and told him we would be in touch, and then showed him the door. He told me ‘Laddie, I don’t care what they wanted us to build, that price was too much.’ We sat up late that night, drinking whiskey, and we couldn’t figure out what they might want so badly. Or for that matter, how in the world oculus had that much money to throw at us. It was wrong. And then we talked about the Fang war, when huge swaths of people could be cut off at a moment's notice as the aether buckled under the traffic. He told me ‘I don’t know what’s going to happen, lad, but it’s bad. I can feel it in me bones.’ He said he knew you, El, from way back, said you would have some insight as to what’s going on. I can tell you, after hearing all these stories, I’m starting to think my da was right.” Grim sat back down. Everyone looked at Legs. He lifted his eyebrows. “Oh, me?” He had an english accent. He smiled at Grim. “I think his father’s correct. And there’s no way I’m going to let my man go into that kind of danger alone.” Grim blushed. “No need to bring up our personal life, Legs. I’m happy to have you along.” Legs leaned over and ruffled his hair. Grim tried to sink into the chair. El smiled. “I can respect that, Legs. I believe that with this new information, I finally understand what is going on there.” She stood. “Barry was correct when he said that Oculus chose to lose the Fang war. I believe, after hearing your stories, I know why. What I know for sure is that on the day the turned inward, their head of engineering died. He was trying out a new haptic protocol. His death sounds very much like what your friends experienced, Barry. They have been snapping up all the best magi in the world, which is obviously why they came for you Gramps, and you, Grim. They are weaving something dark in there. Let me show you something.” She raised her voice. “Tul!” A wheeled cage came rolling in on it’s own. Inside was a man that was all skin and bones. He flinched from the light and cowered in his cage. El sighed. “This...WAS...Gary. He was an associate of mine, but he was doing something very similar to your friends, Barry. He was trying out a new haptic that gave him unprecedented response time, because it operated on a different part of the brain. He was using it just like you, to explore the oculus servers. But maybe because they didn’t perceive him as a threat, they didn’t kill him. They enslaved him. When we took off the haptics, he started attacking everyone. It took eight of us to seal him in this cage. His mind is gone. I’ve communed with him, I’ve dived deep into his mind, but it’s gone. The only desire left is to kill for oculus. Make no mistake, if I were to let him out of this cage he would do his best to kill all of us. Vanya.” The cage rolled back into the shadows. “I believe this is what they are working towards. This is why their security is so tight, why their servers run day and night creating terrible engines, why the corrupted Sarah. Their plan is to deploy this evil thing to every Oculus haptic out there and create an army of slaves. They will take over the world without firing a shot. The only good news is that since they are still recruiting, they have not completed the project. We still have time to bring them down. With that ring, Fred, we can go to the center of their headquarters, and destroy all their power. We can transfer away all of their savings and leave them with nothing, and they will collapse.” She turned her gaze to the rest of the table. “But he cannot go alone. Who will go with him?” Art was the first one to stand. “I’m just a grunt, but,” he pulled out the monomolecular blade on his back, “you have my sword.” Barry stood up. “And my code.” Grim stood up and pounded his fist on the table. “And my apps!” Legs and Gramps also nodded. El smiled. “Good. Then we have a fellowship.”
Hi there, I wanted to explain an idea I have been stewing on for over a year now and hope to present a compelling business case for what is and why I feel this is urgent. Let me preface this by giving you a bit about me: I have been involved in cryptocurrency (investing/using & playing in the ecosystem) since 2013. I joined the Ethereum community in 2016 and have for the most part silently observed the traction over the years. My long-term plans involve becoming a validator, with a timeframe measured in decades. My mindset is I’m in this for the long haul and don’t care for parlour tricks or anything that doesn’t actually drive true growth. I told myself for the longest time my voice wouldn’t matter, because other people are making decisions. However my call-to-action is seeing what, and most importantly, why, things need to change for the longevity and growth of this network and by seeing others beginning to speak up about the issues we face today I am encouraged to do the same instead of continually lurking in the background. I now understand tackling these decisions today will only make us stronger in the long-run. So yes, let’s figure that out as a community — but let’s not get ahead of ourselves and let me begin by explaining the what and why. What I want as a future Validator: I want to give up a % of my block reward as a validator to a DAO/community led fund that’s sole purpose is to sustain/implement core protocol research/audits & development. Honestly, I am absolutely begging for this to happen and for us to get our heads out of the sand and to realize how important this is. Simply: Let me give up a slice of my reward, so that my remaining slice is in turn even more valuable long term. Why do I want to give up a % of my reward as a future Validator: Let me be blunt and transparent: Because when I put on my investor hat you’re right I DO want my actual ether to be worth something more than what it would be than if I didn’t do this as a validator. I’m not doing this out of pure altruism, I am doing this because I can see this will be better both for the health and growth of our network long run and thus in turn my bottom line. Let’s not split hairs here: Yes, I do genuinely believe in decentralization & the spirit of this community and that’s what brought me here a few years ago. But let’s also not pretend investment and opportunity cost do not matter. The money I have in Ethereum today (which I’ve held through thick and thin: the DAO hack and from $1400->$82, and will continue to do so) matters to me and I’d like to see it worth more tomorrow and in 3,5,12 years than it is today. So let me break down how this reward cut accomplishes it. Here is my thesis point-by-point: 1.) There are public services on Ethereum that would benefit from being built as a greater good, yet right now there are no ‘true’ incentives for them to be built and/or are underfunded by grants. Instead we see mostly ICO’s trying to build on top of the protocol to capture that value or teams switching last minute and adding immense friction by doing an ICO/token model (ie: Raiden) to do so. Let me be clear here: I don’t blame developers for this — they’re just reacting to the reality of the market. It’s on us to provide the proper incentives for them to actually build the tooling and infrastructure we all need for tomorrow. 2.) The stronger the protocol, the more likely people will in turn build more on top of it. For 2016-2018 it was clear Ethereum had the best developer mindshare. Well now there is competition and we need to get our act together. By doing so, there will be more platform “confidence” as developers/users know this protocol has a sustainable path towards research, innovation. As an investor, we care about this too. This is what keeps me up at night when I think about how to allocate my capital in this space. Who or what platform actually gets this? 3.) The true driver of the price of Ether is largely a derivative of the mindshare/talent working on the base layer. Like Microsoft in the 90s said: It’s all about the developers. Let’s not only keep the best talent working in our ecosystem and stop slippage to competitors, but also grow our development velocity at a faster rate. We need to give them more support. Based on the velocity and pushbacks I would say they’re likely underappreciated, underpaid and overworked for the most part. It’s a high pressure job and mostly thankless; we need to correct this and ensure they’re here with us for the long run, while ideally adding even more to the core team so we can ensure deadlines get hit in the future. 4.) More useful things being built on L1/protocol = drawing in even more L2 architecture/talent building in our ecosystem = more developers building better things with better tooling/security and infrastructure = more transactions & usage of the network = this drives growth in all key stakeholders in our ecosystem = more validator rewards for people like myself. This is simply a positive feedback loop, but we need the catalyst to start it. More Information: I can hear some skeptics say right now: Well why don’t you just send your own ether in as a contribution to any of these underfunded teams? Because I alone can’t do this and that isn’t a 5+ year solution. I alone can’t plug all these holes. What are these holes? Underfunded teams, developers choosing to do useless ICO’s (not all, but most IMO) instead of developing public protocol infrastructure we so desperately need, or worse yet they’re leaving to go work on competitors who can promise them better terms. In fact, why would you stick around? My research shows me you’re likely being paid below market rate (sorry this is also an uncomfortable truth, and it bothers me because I want these developers to be paid their market rate at the very minimum), and you can go join a new rock star team and try to develop/capture value from the ground floor through genesis tokens on Blockchain 5.0 project or whatever. In fact, when Vitalik graciously sent out grants a few months ago, I didn’t get a warm fuzzy feeling, but was filled with dread. This issue was clearly bubbling to the surface, I was very happy for those teams who received it, but I was thinking how inefficient this is that we have to rely on altruism from whales or early winners to make this happen. That, in my books is not sustainable to continue to be the clear leader for innovation in this increasingly crowded space. That’s not a recipe for meeting project deadlines, it’s simply unsorted chaos and a tragedy of the commons on our part. How would this work? I envision this happening during Eth 2.0 switch to the Beacon Chain when PoS comes online. I doubt we can implement an EIP for this to happen with PoW, but let’s remember here: miners, while providing a service, are only a stop-gap for the real long term solution — which is PoS. PoS is people like me, who want to bet on the future of this network and here I am saying yes let me take less because in the end, honestly, I want more -- both in the value of my rewards for staking and for the actual value I believe the Ethereum platform can deliver in the future. It’s the validators of tomorrow, not the miners of today we have to convince. So how does this actually work? I don’t have all the details and this posts scratches more on the what & why. For how: ideally we can create an EIP with the details/mechanics on how to divert some portion of the staking reward that can be implemented right at the start of when we switch to PoS. We get community support and this happens. Brief closing thoughts What drew me to Ethereum community in the first place was the excitement & energy along with the ethos of experimentation and knowing this would be a bold risk. It drew in so much talent, energy, and developers even from the Bitcoin community who some way understood why this might be meaningful. I feel like Ethereum has almost kind of “frozen up” in a scared of your own shadow this last year or so. To me the spirit of Ethereum is innovation, forging forward and the ability to adapt and react. Well reality has come: We are experiencing some major talent slippage (to icos and various other projects) and other 3.0 projects are coming online, & honestly some of them looking quite promising. I don’t want Ethereum to compete on “brand” or anything like that, I want Ethereum to continue to be the go-to if a developer wants a true decentralized sandbox to develop, nurture and incubate applications and ideas that will shape the world. We’ll need more tooling for eWasm. We’ll need more developers to audit code & build 1.X Eth & tooling to help switch 1.0 Dapps to 2.0 when that time comes. We’ll need more base layer infrastructure to help onboard and integrate software engineers from outside the blockchain world seamlessly. We need to pay them what they’re worth, and let them know that when they’re building the scaffolding for Eth 2.0 that they actually have a runway of funds & we have their back. We’ll need better UX, L2 scaling, formalized standards, wallets and general applications to run on top of the chain and so much more. What we really need is to show we can reach consensus here and do the sensible thing. Thank you for listening and I appreciate any comments/insights any of you may have.
Result from going through 100's of cryptocurrency projects on bitcointalk.org.
I will be the first person to tell you that I am not an "expert" and this is not financial advise. What I am sharing with you is some information based on my experience in the cryptocurrency world. It should be taken with an open, yet skeptical mind (As with anything you read). There will be somethings included that might not be relevant to what you are looking for or desire. I will not go into a lot of details on things you may not need to know. My goal is to educate people and to share my knowledge. Not every project I picked has made it big. But, they are still around and kicking. I am never really in a rush to give my money to someone else- in hope for profits. I take my time, and I research. However, in the past several days, I had a very full plate. With so many projects, I had to come up with a system to filter through them at a reasonable speed. If you are investing in one project, it is worth spending A LOT of time researching it. You want to be confident that when you hand your money over to that project, that it is in the best hands for a LONG period of time. If not, you will NOT be at ease in the long term. My approach: With over over 10,000 cryptocurrency projects listed on bitcointalk.org, I needed to come up with a plan on how to get through them in a timely manner. First, I came up with some parameters. Which means I had an idea on what I was looking for. It's similar to looking for a girl you think you want. You want to find one that fit your taste. Maybe she is 5'5, 130 lbs, blonde hair, green eyes, big titties, nice ass, out-going personality, had 0 kids, never married, wants kids, and has a great relationship with her parents. The particulars details matter when choosing a long term partner. Well, let's say you needed to pick your ideal girl out of 10,000"girls" in one venue in a matter of days. The easiest attribute to start out with is height. You can eyeball a girl who is around 5'5. To be efficient, you wouldn't go up to each girl and measure how tall she is with a tape measure. It would be better to just walk around the room, and pick out which ones that appeared to be that height, and put them to the side to come back to later. Next would be the hair. Easy to spot a girl with blonde hair. After a while of going around the room full of women, you begin getting really fast at picking the right height and hair color of girl you want. But you still have more attributes that you need to get to. As with these projects, you have now narrowed down the list, but still have so much to go. The picked projects appealed to you at a glance. A glance doesn't mean thorough. (The cons of this approach: there will surely be some girls (or projects) that slip through the cracks. Maybe you missed a 5'5 girl because she was bending down to pick something up, or you missed a blond girl because she was wearing a hat. This is bound to happen, and is nearly unavoidable when going through so many projects in a short period of time. The chosen projects have a at least ONE developer, a working product, etc. Next, you need to research the team and the motivations. Are they really interested in this project or are they just doing it for the money? Is the product REALLY working or is it a clone, or a prototype? These are just a few things that need to be investigated. There are many people who are after a quick buck. Personally, I don't think there is anything wrong with making money when an opportunity presents itself. If you can easily help someone and make money, that is a win-win. However, as I mention earlier, I am looking for projects that will last for years. So, I do my best to avoid fly by night outfits. And there are plenty. Once you have narrowed down your list of projects, you will likely have only a handful that appeared to match your criteria. At this point, it is time to dive even deeper into the project. You need to make sure that blonde is REALLY a blonde, and not a wig or colored. Don't just ask her, touch it, pull it; meaning try out the working product. Check it out, it is free. If you don't like, ask if there is
anything that is going to be done to fix it in the future.
My tools: My best tool is my common sense, and yours too. If something looks TOO good, it probably is. With today's information being at our finger tips, it is EASY to post questions to forums, and channels to have your question addressed. Don't be afraid to call a spade a spade. You may be wrong, or you ay be right. But ask regardless This is your money and you want to sleep easy at night. My preferences: In my book, I go in depth about MY preferences when choosing a product to invest in. I mention the pros and cons to everything. It is up to you to decide what is important for you. As I mentioned earlier- you and I are different. You may be looking for short term whereas I am looking for long term. You will develop a preference after spending time looking at the first 30 or so projects. You'll begin noticing red flags immediately; you'll be able to identify the crazy girl in an instant. You know which questions to ask. Here is a tip: Ask questions about the project in the most popular place where everyone can see. Why? Because you want answers and it is your money. Nothing to be shy or embarrassed about. If people make fun of your question, who cares? And you can ask it in multiple locations, just to make sure YOU understand. And many communities will welcome this and others won't. Who cares? With all that being said, I will list some of my **preliminary results. I will like to take the opportunity tell you the way they have been graded. When initially picking out the project, I would grade everything across the board. This took up too much time. It would have taken me months that way. Then, I switch to nearly a binary grading scale. Yes or No, If No, don't even add them to my chart. If Yes, was it a Super Yes or a maybe- need more research. Some would get a B, C, or D. I wouldn't even add an 'F' to my list at first. The F's were cause by being added then realizing the project was worthless to me. ("Dude looks like a lady" comes to mind) **'A' meaning super good. 'F' meaning fuck off** Then, when going back through the B's, they would be either upgraded or downgraded, likely to an A or D. Same with the C's. At one point, I was putting nearly all qualifying projects as a C, only to come back later and drop it down or raise it up. I was able to get through hundreds of projects this way. There were a couple A's that turned to C's. All In all, after going through probably over 1000 projects, I actually ended up adding ~150 projects. Out of those 150, most ended up as C's, D's, and F's. I was left with only a handful of TRUE A's. The B's were the toughest. It was either YES or NO for the B's. In the name of not shilling, I won't list any A's. In the name of rewarding you for taking the time to read this, I will release some of my preliminary results. If you want my thoughts on any particular project, let me know. If you disagree with a grade, please let me know why. Or ask why I gave it that grade. There are filled I intentionally left out, as to not flood this post with too much info.
R to V ratio
Clearness of announcement
Problem the coin is solving
Year of creation
Overall Grade (worth keeping an eye on?)
High (1 million +)
Coin Name DERO Internet of People Dash Lisk WAVES BYTEBALL SIA HunterCoin Pascal Coin Nexus Zcoin Litecoin SpreadCoin Groestlcoin NIMIQ bitchute Loki Webdollar swingcoin TAU Elastos Blur Aquachain IoTeX NEM Ethereum Bitcore- BTX Vertcoin verge CLOAK DECRED Ethereum Classic FACTOM DubaiCoin POPULOUS WORLD Riecoin AEON BLOCKNET GEOCOIN Horizen Primecoin elastic UBIQ RavenCoin stellar Bitcoin Gold safex NIX Masari webchain joulecoin Zettelkasten sexeleven coin Ryo Project Bitmark Prototanium Bela BLOC DEFT ZillionCoin Binarium Sale Live DigitalNote [XDN] ZeroClassic NEXO ICONOMI Mintcoin NAV COIN IOTA ARK BitcoinDark PIVX ELECTRONEUM SHIFT Semux Anoncoin Crown TheHempCoin YENTEN ColossusXT Syscoin Innova BitcoinZ Stellite Mismuth Dagger storj LitecoinCash fastcoin Karbo SecureCoin Bitbar Haven Protocol campuscoin Crave EarthCoin HyperQuant whitelist nuls Flake Chain Goldiam rchain Mixin Network Asterioncoin Deimos Stratis Minexcoin Decent Zeit KOMODO NobleCoin BitcoinPrivate guncoin Nucleon Waves Monero XCurrency Masari NEM DeepOnion ONION QLC Chain DeepOnion TOR Blacknet ROI Coin Arionum WAVI webchain SkeinCoin Crypto- cto motocoin Haven Ethos CLAMs geocoin Decred cryply (CRP) AXIOM htmlcoin html5coin soldo ArabianChain I have already graded these coins and more. If you don't see your coin, it either didn't make it on initially, or I removed it because more research was needed (it might have received an "A")
The Paypal of crypto? Can Garret camp and Naval Ravikant deliver this?
The Blockchain Paypal we have all been waiting for is here! Blockchains and cryptocurrencies are getting more and more complex by the day. Everyday we read about a new protocol, algorithm or method to achieve consensus. Amidst all of this I think we would all agree that transaction speed, fees and ease of use are 3 big barriers to mass adoption for day to day use of cryptocurrencies. Whilst I am 100% behind the various open source projects in the ecosystem which are providing ground breaking new methods, I really think we are missing a lower level day to day transacting currency and wallet which is globally recognised and accepted. Garret (founder of uber) and Naval Ravikant (founder of angel list and Blockchain entrepreneur) may have just launched the Paypal of crypto and it’s called eco.com. After reading the whitepaper which doesn’t really dive into any real detail of which Blockchain they will be using they do give a brief overview of what they are planning to achieve. Whilst to someone who has read the ethereum white and yellow papers the eco whitepaper may be a little light and if it wasn’t backed by people we know in IT and Blockchain most of us would probably dismiss it as another scam ico or a shitcoin airdrop. However the fact it’s getting spearheaded by people who are good at getting mass adoption - think Uber adoption, think angel list adoption - gives it some credibility. From a true crypto maximalists point of view eco is not fully decentralised as it plans to achieve consensus by having verified nodes. Initially universities from 50+ nations and other large organisations ( no detail on whom these other organisations are) However the counter argument to this is neither is any other crypto at the moment as most blockchains either have large mining pools which ensure consensus or masternodes. Yet I still sway towards the ethereum view that if anyone would like to become a full node they can do, if anyone wants to become a miner they can do so. In eco this is not the case it is very much governed by the eco foundation. However to usher the masses into Blockchain an empirical approach is required and eco.com may just be the solution that does it. Whilst eco may go against many crypto enthusiasts views and certainly most of the cypherpunks will be pulling their hair out at eco my personal view is this is good for the overall Blockchain eco system. The key to mass adoption is education, I’m only in my 30’s yet I remember the days where people were afraid to use Paypal - films like “the net” (Sandra bullock) made people even more paranoid however as soon as eBay came on the scene and educated a mass user base and showed people how to use it, how safe it is and the governance behind it, Paypal shot to the moon. The Blockchain payment space requires a moonshot and I think eco will give this moonshot to the Blockchain space. Mass adoption, mass useage and mass education on how blockchains work. Now as for crypto economics on how eco will achieve any form of price stability - I have no idea and nor is it mentioned in the whitepaper. In economic terms if this currency is mass adopted it will be helicopter money, the danger is people just end up hodling this eco. For eco to be successful it must be used day to day like Apple Pay and Paypal. Personally if the goal is to achieve a stable coin, rather than a speculative coin which goes up and down really fast eco must adopt an economic system like makerdao and dai The universities can be the organisations that view the CDPS and open and close them. I think I have rambled on a bit now however 1 question comes to mind if eco isn’t truly decentralised, it doesn’t really have any dapps why the need for it? Eco is needed for mass adoption and yes probably the main thing eco will achieve is create an alternative wire for cash, a brand new infrastructure totally by-passing swift, sepa and other traditional banking payment processors. As long as it is mass accepted on online platforms then eco will gain mass adoption in no time. A prime condition and criteria for mass adoption is also ensuring eco is always exchangeable or “ShapeShift-able” from The top 10 cryptocoins in circulation and combined with this it is accepted as a method of payment for day to day goods and services. This will give hodlers some incentive convert to eco and spend the hoarded generates wealth in the market. £1000 Iphone ? No problem I’d like to pay with eco please...... Or £80,000 Tesla no problem I’d like to pay with eco please This is it fellow people naval, Garret if you’re reading this you have a big weight on your shoulders you are about to change the world and possibly have the worlds first globally accepted mass used crypto currency which totally by-passes the banks and the tradition fiat money printing service For all the HODLERS our there and all the people working on various genuine projects across the ecosystem eco.com is a good thing for the community. We will still have bitcoin for asset value, Monero and zcash for privacy, ethereum for smart contracts, the token eco system for their various services I see eco.com as a lower level easily accessible and easily spendable currency which can be used globally to pay for goods and services. May be we will have collateral debt positions where people can put up their traditional crypto assets in return for eco’s to spend and simply pay back the ecos to get back your assets Eco.com is good the the crypto eco system if they meet their goals of 1. Mass adoption 2. Ease of use 3. Partnerships with retailers to accept eco
Truth about Ethereum is being banned at Bitcointalk
I have been making factual posts about Ethereum (and Synereo) and all the following posts have been deleted by the moderators and they have banned my username for making factual posts about Ethereum. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: damn_the_truth on Today at 05:06:30 AM TPTB_need_war was banned for 3 days for writing in big red letters that "Ethereum is broken and can't be fixed" and proceeded to defend this point factually. And so the mods have now demonstrated they are involved in the pump of Ethereum. So much for the objectivity of this forum.
They allow excessive trolling and scams no problem though.
Note TPTB_need_war posted the same statement about ETH in three threads, because suddenly 5 or 6 new threads all about pumping Ethereum appeared today. If the pumpers can make three threads, then why can't they all be rebutted? They can spam, but the opposing opinion and facts can't be. As if the opposition is the spammer but spamming the Altcoin Discussion with a proliferation of Ethereum pump threads is not spamming. Roll Eyes The thread that in particular incited me to post so forcefully in opposition is the one that as a title implying if Ethereum will go challenge Bitcoin's market cap. That is clearly manipulative of the readers inducing them into a mania based on some totally implausible proposition. How can a broken block chain design that hasn't solved the most fundamental issue pertaining to verification and scaling of long-running scripts have any chance of challenging Bitcoin's market cap. Ridiculous. Someone may want to quote this, as surely the drunk mods will delete this and permanently ban ban_the_truth (and probably they will permanently ban TPTB_need_war). Doesn't Theymos understand that you can never silence a person who knows he is just and correct. A person will fight to the death when they know truth is on their side. And will eventually win. Those who try to obscure truth will always eventually lose. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: WilderX on Today at 08:36:10 AM y0 newbs, you talking about issues with mining? Did you know ETH goes POS this year?
Yo clueless n00b, do you not understand the PoS doesn't rectify the fundamental flaw in the economics of the verification of long running scripts that I explained upthread and for which I have been banned for trying to point out in the numerous threads pumping Ethereum that spammed the Altcoin Discussion forum today. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: stoat on Today at 05:58:42 AM You still don't get it do you? The hype for ethereum is actually real. As in, it's our best hope. And people who actually want crypto to succeed as an idea will get behind it.
Oh because it is our only hope, then we have to ignore the fact that after more than a year since they took and spent ICO money, they still haven't solved the most fundamental issue of the block chain technology required for long running scripts (if they want scaling and decentralization). Put Vitalik in a live debate with me right now and I will be able to force him to admit that is the truth. Or ban_the_truth so you can sucker more n00bs into being bagholders to the insiders can cash out.
Quote from: stoat on Today at 05:58:42 AM Tptb want war, well, the entire time ive visited this forum he is either wasting everyones time with mental masturbation or simply stumbling from thread to thread FUDDing down every coin that would dare to challenge his "intellectual superiority".
Because you are not interested in actually solving the core technical challenges that inhibit cryptocurrency from scaling out to the masses and being compatible with marketing strategies that can do so, such as the one I will drop on the world. All you want is something you can pump up. And you want it sooner than it is ready. And so thus you think I am not worthy, and you think the broken Ethereum is. I never took $millions of ICO while I was researching and developing the solutions we need. Ethereum did and still didn't solve the most basic issue they need to. Whereas I have solved the major fundamental issues. Sorry if the good stuff takes time. If you are in a rush, then feel free to give your money away to those who are willing to take it. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: Elokane on January 25, 2016, 12:56:02 PM
Quote from: TPTB_need_war on January 24, 2016, 05:27:06 AM
Quote from: CoinHoarder on January 24, 2016, 03:28:48 AM I think social media can possibly be taken over by cryptocurrency/decentralized/blockchain technology. Think about it... Facebook has a market capitalization of 266.3 billion. What if a portion of their net profit was distributed to its users instead? Which service would you use... one that makes money off of you providing you nothing in return, or one that pays you to use its service? There are likely a few projects attempting to capitalize on this space. The only one off the top of my head I can name is Synereo and I am on the fence as to whether it is is a legit project or a P&D... I am waiting on the sidelines for now. http://www.synereo.com/
I will respond to the rest of your informative post later (as I need to go outside on this Sunday). I think Synereo may be conceptually on the right track, in that ads should preferrably be content that users want to see. I can envision content providers being creative in how they advertise products within enjoyable content. The bottom line is the economics per my prior post in reply to TechorMarketing. There were one or two ads on Google that were so interesting to me, I wanted to save a copy of the video ad. Meaning the way to beat Google is by making the advertising more efficient, thus superior ROI for all participants (advertiser, content creator, and viewer). If the superior algorithms require decentralization and cutting out the middle man, then Google with all its technical prowess can do nothing to compete.
Quote I only scanned a portion of their white paper. I believe they may have Sybil attack problems in their attention model (thus being gamed and not having the result intended), but I can't yet judge that with any certainty as I need to study it more carefully. You've given me something very intellectually deep to chomp on, so thank you. I love conceptual paradigm shifts and I like to analyze models. I will need more time on this. Looks to me as though they are serious. The devil is in the details on their technical model. They have a brainy looking CSO mathematician, so perhaps some of the model theory is originating from him.
The attention model is mine. We've designed it carefully against Sybil attacks. If you think you've identified an attack vector, do let us know -- I'll give you with an AMP bounty for it. Feel free to join our Slack channel at slack.synereo.com and chat with us there directly.
So you must be younger guy Dor who I've viewed in the Hangout videos in the Synereo channel on YouTube?
Quote from: Elokane on Today at 12:01:35 PM It is common knowledge that Greg, Synereo's CSO, is leading the design of Casper, Ethereum's new proposed Proof of Stake blockchain: https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-caspe He has spoken about the design principles of the technology underlying this effort, what would allow it to scale, in the recent Ethereum developer conference: https://www.youtube.com/watch?v=uzahKc_ukfM Synereo is NOT building their technology on Ethereum. Rather, it is Ethereum who are using Greg's decades of expertise in the field, and Synereo technology, to build their own. Ethereum has provided Synereo with developer grants for this purpose. Hopefully, collaboration will continue in other ways as well. We also believe that our notion of a "smart contract", which we call a social contract, is more advanced, mature and scalable than anyone else's. People in the industry are starting to get a sense of this as well, including our friends at Ethereum. http://blog.synereo.com/2015/03/06/social-contracts-pt-ii/ A comprehensive post going into detail about all of these subjects are in the works. Feel free to ask any other question about this here or on our slack channel at slack.synereo.com.
And appears Greg is the greying long-haired mathematician in Seattle that I've viewed on the same videos. I am doing an in depth study of your system and I am not yet ready to offer all my feedback because I am in the midst of analyzing it. However I do want to start with a few observations. First I want to thank you for providing those Hangout videos because I am gaining much information from listening to the feedbacks from the musicians. That has been very useful for my marketing research.
I will expend some time studying Casper's design, but I already watched some videos of Ethereum presentations about the strategy for shards and proofs against cheating in the attempt to achieve decentralized scaling with verification of long-running scripts. And I have explained why it will never work. I have an entire thread dedicated to discussing the finer issues with block chain consensus and the CAP theorem is fundamental. Essentially you can't use propagation as a consensus rule thus proofs against cheating will fail as methodology. You simply can't solve the Tragedy of the Commons verification problem without centralization. Period. You will eventually face come to this realization that your ideas are fundamentally flawed and can't be fixed.
An attention model based upon users approvals is probably going to suffer from the same phenomenon I observed when I asked my gf why she was rapid clicking every Like on her timeline without even reading the posts. She said because they are my friends and will Like all my posts also. But I need to study your model in detail in the white paper before I can comment further on it.
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: tokeweed on Today at 09:55:40 AM I appreciate that you're trying to get your argument out. And you do have some points to think about. But this is a time of less talk and more trades. There's profit to be made in this current price run, which could be one of the largest runs we've seen in altcoins.
You can't speak for all readers, because you are not all readers. Those of you who bought Ethereum at lower prices are in a different risk situation compared to those who are reading your pumping and considering whether to buy at these nosebleed levels. I am not making any guesses about whether the price will go much higher or not (manias often do). Rather I am providing balancing information for those readers who might think they can't lose because of some fundamental long-term value, which I assert does not exist because Ethereum hasn't solved the fundamental technological issue required to scale their system in terms of decentralized verification of long-running scripts. And in fact, they will not be able to solve this problem, not with Casper or anything else because it violates the CAP theorem. The only solution will end up being centralization and then therefor those who are talking about building decentralized apps on top of Ethereum (e.g. this Synereo which I will be commenting on next) are apparently in technical delusion also. Btw, I have been watching the YouTubes of this Greg @ Synereo who I just read is claimed to be the lead dev on Casper, and I will be explaining that he doesn't seem to understand block chain consensus technology. Stay tuned, this is going to get much more informative and interesting... (sorry again that TPTB_need_war remains banned by drunken mods for 3 days so ban_the_truth must communicate interim) A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: Elokane on Today at 01:16:08 PM 2. Well, we think we have a solution! Would you like to take a look at the post Greg is writing on the subject? We'd value your direct feedback on it. This approach is different from the one Ethereum espoused before, and both Vitalik and Vlad are working with Greg to develop it now.
Will do after I finish watching the video.
Quote from: Elokane on Today at 01:16:08 PM 3. We have a mechanism taking into account a few parameters to make it so people who behave in exactly the way you describe have very little, if any, impact on this economy. Generally, we're looking for actions that have high entropy; if "B", your GF, is essentially a copy of "A", you, there's very little information there.
Is that specifically covered in the white paper or a design improvement hence? A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote
Quote from: Elokane on Today at 01:23:51 PM He's providing valuable constructive feedback, which we always welcome!
Thanks. Academics understand their life is finite and thus peer review in valuable so they don't waste time down a dead end. A welcome change in tone compared to others who attack me relentlessly for trying to share/collaborate on research and analysis. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote Another thought off the top of my head is where Greg explains why the bar of implementation is so much higher and Dor astutely points out that they are competing against very well entrenched and well vetted user interfaces (Facebook, etc). I appreciate that honesty and I believe in separation-of-concerns, orthogonality, and modularity, because no only it provides more degrees-of-freedom, but it also means you don't have to necessarily implement everything yourself. It may be better to let others build those user interfaces for example from an API. But this is very complex to analyze because of the integration with the complexities of the attention model, etc.. I am just cautioning you that building all yourself, meaning you are limiting the network effects and making the scalability of the system (from the programming standpoint) funnel through your one organization. I am thinking about a marketing strategy that is much more modular and encourages others to build on top of what my project would provide. But I am also thinking about how what I am contemplating is differentiated from what Synereo is proposing and whether there are collaborative opportunities or... (conclusions still not yet clear to me) A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Quote I need to correct an error I made upthread. I stated that the reason payers would not pay for ASIC mining farm to compute the PoW share the payer must include with the transaction, would be because the PoW share could be computed locally faster than the latency for a round-trip network request for the PoW share generated on the lowest cost ASIC mining farm. And I stated that this was because the payer would sign the PoW share, so the "provider" receiving the transaction (with the attached PoW share) would not be be able instead compute the PoW share for the payer (without the round-trip latency delay). I had stated this was a difference from Iota's design which can't allow payers to sign PoW, because Iota's defense against certain attacks requires that anyone can recompute the PoW share and reattach a transaction to a different branch of the DAG. That will not work in my design because the payer has to do a roundtrip request to request the current "intra-block chain" hash from a "provider" to include in the PoW share (otherwise the same PoW share could be submitted to multiple providers and thus payers have no vote in the LCR). Therefor the PoW share computation can be outsourced at no extra latency cost. However on further analysis this does not entirely weaken the intent of my design to remain decentralized. The key is the power remains in the hands of the payers to choose which provider to submit their transaction to and thus can choose to route away from any malfeasance (since they are paying for the PoW share via a transaction fee to the provider). Although it means mining capital costs will be reimbursed (unlike in the case where the payers' computers would compute the PoW share then the non-payers mining capital costs would be unreimbursed given the block reward would be 0 or very small relative to the difficulty), mining equipment will not be wildly profitable as in the case for Bitcoin since the reimbursement is only for costs, thus still the point remains that mining equipment won't be well capitalized for making LONG-TERM 51% attacks on the protocol (even if forced to by regulation as could be the case in Bitcoin) because the payers can send their PoW share computation else where in a heart beat. This also makes more sense because mobile users are not going to want to compute PoW shares and drain their battery. One issue is a mining farm located next to a hydropower plant would maybe have (including better economy-of-scale capital costs on equipment) up to a 10X cost advantage over a provider server that is located any host any where. Perhaps the latency to the mining farm could still be an issue (delay the transaction by another sub-second perhaps) and this could force providers to be located in the datacenters of mining farms to lower latency (which would be catastrophic to remaining decentralized since the choice of providers available to payers would be limited by such confining requirements). OTOH if the cost of the PoW is miniscule relative to the value of the transaction, then PoW share can be computed by a provider with up to 10X greater cost without impacting the payers decision which provider to choose. But remember also that the computation cost of the PoW share needs to be much greater than the validation cost of the transaction overall, but that should be doable since transaction verification is such a miniscule cost. Again remember I suggested that payers' clients (wallet software) could be induced to move to other providers when a providers PoW share exceeds 5% or so. Also it is not impossible to design the system such that payers are always listening for the current "intra-block chain" hash updates and so the original point of my latency design could remain. But this would require all payers to be receiving communications from the block chain network at all times, which would increase network load and there are Sybil attack and centralization issues about who pays for this (perhaps payers can pay a provider to provide this data feed). So it is not impossible to envision retaining my original design, but it seems to be workable only for desktops and not for wireless mobile. If latency becomes the main issue for wireless mobile then telcoms may have the upper hand any way. So it seems that the key is to keep PoW shares small enough to be miniscule relative to typical microtransaction values yet large enough to be greater than the verification cost. Also PoW has to be large enough to prevent spam on the network (which is essentially saying significantly larger than the verification cost, since the storage cost will be assumed to be even lower than the verification cost but I need to run some calculations to confirm this intuition). I am probably missing a few details in this quickly written post. The entire design could be explained more coherently in a white paper (hopefully forthcoming). P.S. Note that Iota has the similar issues, and this aspect of Iota was not my main concern expressed upthread about Iota's ability to remain Consistent about double-spends and whether that will lead to divergence (chaos). Note the above post was deleted by the mods, so I am reposting it. Someone may wish to quote the above technical discussion before some drunk mod goes "happy finger" again.
I found out this link: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-June/008810.html, Gavin, you said: [But even before stepping down as Lead I was starting to wonder if there are ANY successful open source projects that didn't have either a Benevolent Dictator or some clear voting process to resolve disputes that cannot be settled with "rough consensus."]. I think you are quite right. Wladimir’s roll is hard, huge responsibility with unfitting return. However, that’s not the reason for demanding unanimous support for changes to take place, allowing one-vote veto. What’s the different between having Wladimir and a robot then? My question is: Other than trying to be “decentrilized”, is it also because that you found the leading dev roll with too much responsibility but too little return, so that you gave up your power? After that, realizing the 5-dev-group (the devs with commit access) need to be somehow centralized, have you ever tried to abolish one-vote veto, and change it to a majority rule. If it was changed to majority rule now, we might need another leading dev. Are you willing to lead the development again? A: I think I am much better at writing and communicating and thinking about ‘the big picture’ than I am at managing and keeping track of hundreds of small details. People have encouraged me to be “the Linus Torvalds of Bitcoin,” but I looked at what Linus actually does and I don’t think I would be very good at it or enjoy it. He spends a lot of time with the details of pulling in changes to the Linux kernel, and that is the kind of thing a lead developer needs to spend time doing. Wladimir is good at that. Even if the Core project changed from “overwhelming consensus-- one or two people can veto a change” to “majority rule” I don’t think I want the lead developer role. If there was nobody else to do it, I would return, but I think there are now lots of people who would be good lead developers. Some of them are leading projects like Bitcoin Unlimited or btcd or Bitcoin Classic, and that is great!
Q: Lots of people say that “Bitcoin is dead”. What’s your opinion on this? Does Bitcoin still have a future? A: Bitcoin absolutely has a future. It has been declared dead dozens of time, and I am sure it will be declared dead dozens of times more before people get tired of saying that it is dead.
Q: Bitcoin has been stably running for seven years, why not the core developers act like Satoshi, just watch it, so as to avoid development centralization? A: Good developers always want to make things better! And there are changes that must be made as more people use Bitcoin.
Q: What’s your opinion on Dogecoin? Is it possible that Dogecoin becomes one of Bitcoin’s sidechains, so that it can helps the traffic on Bitcoin mainchain? A: I like the 21-million bitcoin limit. I think it makes sense for there to be a limited, predictable supply of money. So I don’t like altcoins that create even more money; you can think of it as a sneaky way of increasing the 21-million coin limit. If Dogecoin was just a sidechain, without its own currency, then I would like it more.
Q: Gavin, what’s your opinion on Ethereum? Any comment on the trend that the industry started to talk about blockchain without mentioning Bitcoin? A: I answered another question about Ethereum. As for “we like Blockchain” instead of “we like Bitcoin” : I don’t have a strong opinion about that. I answered another question about private blockchains; I think they make sense for some things, and not for others.
Q: Can you explain why it is not possible to solve the congestion problem by reducing block generation time? Is reducing block generation time the same as increasing blocksize? A: It would be even more controversial to reduce the block generation time than it is to increase the block size limit. It is technically more difficult to safely reduce the generation time, and would require more changes to more software. In particular, lightweight wallets that just download block headers might have to download many more headers, increasing their bandwidth usage.
Q: Hi, Gavin, I‘m curious why you always change your idea in the size of block limit? Why not insist on one hard fork solution? I think you did not think about it carefully on how to increase the limit, what’s your opinion? A: I have been trying very hard for a long time to find a solution that most people can agree on, and have made just two proposals (BIP101 and BIP109). I have thought very carefully about how to safely increase the limit. Part of the problem is it can be done in many ways, and it really doesn’t matter which way is chosen-- it is more important that SOMETHING is chosen. Those are the decisions that are the hardest to make, because it is easy for people to have different opinions about what way is best.
Q: Sure, I’m gonna ask something other than blocksize and Classic vs. Core. Gavin I just want to ask you a question as an ordinary trader. Do you believe that Bitcoin can serve as a good store of value? Because you said on bitcontalk that Bitcoin cannot become a significant instrument for storing value https://bitcointalk.org/index.php?topic=204.msg1714#msg1714. Do you still think so? A: That feels like a very long time ago I said that… I still think that the best store of value is in diversified investments that are investing in people that are working hard to make the world a better place. So the part of my personal savings that is not Bitcoin is mostly invested in diversified stock mutual funds. Having some of your savings in a very safe investment makes a lot of sense; something like precious metals is probably the safest investment right now. Hopefully some day Bitcoin will be safer than gold, and it will make sense to hold Bitcoin as part of your “safe from stock market craziness” money. Today, I think it makes sense to hold some Bitcon as part of your “high risk but maybe high future reward” money. But please don’t invest all of your money in any one thing!
Q: I just want to ask that, Gavin, you have a title “Chief Scientist at the Bitcoin Foundation”, what does it mean? What’s the main responsibility, and who assigned it to you? A: There was a meeting in Seattle where we created the Foundation. I don’t remember who suggested the “Chief Scientist” title, but it seemed better than the rest of the possible titles we were thinking of. I am fortunate to have very few responsibilities. I am given the freedom to do what I think will be best for Bitcoin. I tell people I have almost no gray hair (I should have gray hair, I will be 50 years old at the end of the year) because I organize my life so that I do not need to manage people and almost never have to talk with lawyers.
Q: How did you know Satoshi at the very beginning, did he come to you, or you were attacted by the Bitcoin project and contacted him? A: I contacted Satoshi on the bitcointalk forums. Here is my first message to him: Hey Satoshi: I want to help make Bitcoin a success. I've started by creating freebitcoins.appspot.com, and plan on doing a couple of other small projects like it. But I think I might be able to help in lots of other ways. I was the chief architect of the VRML 3D-graphics-on-the-web standardization effort (which is STILL a solution in search of a problem, unfortunately), and had the unpleasant experience of taking it through the ISO standardization process. I've also written a lot of C++ code (I'm very proud of the code I wrote as part of the Open Inventor team at Silicon Graphics), although it's been a while (I've switched to Python). I'm very curious to hear more about you-- how old are you? Is Satoshi your real name? Do you have a day job? What projects have you been involved with before? Anyway, Bitcoin is a brilliant idea, and I want to help. What do you need? -- Gavin Andresen
Q: Gavin, last time when you were in Beijing, what did you say in that meeting? *A: *The first and only time I’ve been in China was the end of last month (March). The purpose of the trip was to meet with some of the mining pools and miners, to better understand what they are thinking about the block size limit, segregated witness, the halving, and anything else that is an issue right now. I did not say a lot-- just made clear some technical points about BIP109, and explained what I have been hearing from large and small companies in the West.
Q: Gavin, what do you think is the best way to introduce / explain Bitcoin to an average Joe? A: I usually start by saying that Bitcoin is one of those ideas that sounds crazy when you first hear it. And then I describe it as “money for the Internet, that is designed to be like the Internet-- with no single person or government or company in control.” Then I let them steer the conversation and ask questions if they are interested. Some people want to talk about what governments think, some people want to know about the technology, some people want to know if they should invest or how easy it is to use… there are lots of things to talk about!
Q: Gavin, you’re working for bitcoin as a career, is there anyone around try to deride or attact you about what you’re doing? How did you move on and continue your work? What do you think about the current situation of bitcoin development? *A: *There are always people on the Internet who seem to like attacking other people. I don’t know if it is better or worse with Bitcoin; probably worse, because people care so much about it. I get many more people thanking me for the work I do on Bitcoin than people attacking me, so usually it is easy to move on and continue my work. I am most hurt when I am attacked by people I have worked with in the past; that is discouraging. I think overall Bitcoin development is stronger than it has ever been. There are more people contributing, not just to Core but to other projects, and more innovation happening. But moving from there being just one implementation of the protocol to multiple competing implementations is necessary, but difficult. I wish developers did not see that transition as being some sort of personal attack.
Q: Hi Gavin, SegWig had a PR a couple of days ago, however, the blocksize limit is still 1MB, the amount of transactions can be processed are still the same per block. I really want to know that when we can benefit from SegWig, and when can we actually have blocks that can process more transactions? A: If everything goes perfectly, we might see a significan number of SegWit transactions in three months. I would guess it will take six months for the miners to adopt segwit and then wallets to start producing segwit transactions, but it could take a year. Unfortunately, transaction volume was growing more quickly than that, so even if Segwit helps, it will not help quickly enough.
Q: Hi Gavin, you said in 2015 that having 1-minute block generation time is a good idea. Do you still believe so? If yes, can you share your strategy on dealing with the security issues and the higher orphan rate? https://www.reddit.com/Bitcoin/comments/35hpkt/please_remind_me_once_again_why_we_cant_decrease/cr4wk0g A: Yes, I still believe Bitcoin would work just fine with a one-minute block generation time. I don’t think we should change that right now, though, because it would be a big change that requires changing lots of software. I’m not sure what security issues you are talking about, perhaps you could be more specific. As for higher orphan rates: if everybody has a higher orphan rate, then that is not a problem (unless orphan rates get very high-- say 5-10% or more). Even worries about larger miners having an advantage at higher orphan rates could be addressed with some protocol changes. But, again, all of that is a much longer discussion that I don’t think we should have right now. Increasing or eliminating the block size limit is much simpler.
Q: Hi Gavin, how many hours do spend on working every day? Do you still write code nowadays? *A: *It depends on what you mean by “working” -- does answering email after dinner count? I try not to work too much; I need to get more exercise, and like to spend time with my family (my children will be going to college in just a few years). I am usually at my office maybe seven hours, five days per week, and on good days I do get to still write code.
Q: Hi, Gavin, how many children do you have? :-D How do you balance between your life and bitcoin? A: Two children, a girl and a boy, both teenagers. The trick to balancing life and bitcoin is to say “no” a lot (“no, I’m sorry, I cannot speak at your conference in Botswana”).
Q: Hi Gavin, I’m very worried about bitcoin may split to two coins, which is very bad. So I once posted on 8btc to discuss how to prevent bitcoin from splitting in future. http://8btc.com/thread-30758-1-1.htm. Simply put, we just add all different opinions into one wallet, and the network automatically hard fork based on the vote result of the wallet. In this way, there would be no splitting ever happen. Do you think this idea would work out? (See above image as an illustration of the idea) A: Agreeing how the vote would work would be hard (would transactions vote? For how long? 51% agreement or 75% or 95%?) Only transactions in blocks count as voting? (if not, then somebody could send lots of transactions to vote multiple times) And what if miners decide not to mine transactions that vote for something they disagree with?
Q: Gavin, do you think large institutions wil join in Bitcoin ,like big fund or bank? There are news mentioned about safery regulations and risk factors in bitoin, may they be eliminated? Or will bitcoin be a game for ordinary people forever? A: If Bitcoin continues to grow, then yes, I think large institutions will start to accept Bitcoin. We have already seen some big technology companies like Microsoft work with Bitcoin. Most of the risk with Bitcoin is caused by new, immature companies (like Mt. Gox). The risk is smaller today, because larger, more stable, better funded companies with better engineers are involved, and I expect that will continue. I hope Bitcoin will also be used by ordinary people forever!
Q: What are you most proud of since you've join in Bitcoin development? A: All of the testing infrastructure that I put into place. My first contribution was the Bitcoin testnet, and if I remember correctly I also put the first unit tests in place and the first regression tests.
Q: Hi Gavin, do you mind further share some insights on why you think Bitcoin cannot replace the fiat system and become a true global currency? Bitcoin is a better instrument as store of value, it has better liquidity, also better against counterfeiting, and can even truly make people's wealth inviolable to anyone! (no more confiscation and capital control.) Therefore, Bitcoin obviously is a better currency comparing to fiat. When a better currency appears, people tends to adopt it naturally, and gradually abandon the old currency. (just like how people abandoned shells, when they realized that gold is better form of money with excellent monetary attributes. *A: * It could eventually replace the fiat system, but I don’t think that will happen in my lifetime. I hope I am wrong about that!
Q: Hi, Gavin, welcome to 8btc! I am a altlcoin dev ,do you like one or some altcoins? And what do you think of the coins developed by Chinese Teams, like the VPNCoin、Dacrs(SmartCoin)、Antshares or others projects(these are all high light shown on 8btc.com). Have you ever tried to understand such altcoins? Best Regards! Your fans A: I don’t like altcoins that are created just to create more money, because I like the 21-million bitcoin limit. Altcoins that have some innovative technology in them (like Ethereum or Zerocash) are more interesting, but I would rather they were done as sidechains to the Bitcoin blockchain. I think you should have a very good purpose for creating a new currency, and if you don’t have a good purpose, you should use the Bitcoin currency.
Gavin: Thank you very much for the great questions, and BIG thanks to the translators for their hard work! kcb: Thank you Gavin!! It’s great to have you here!! WangXiaoMeng: Thanks a lot Gavin!!!
Since then the price has dropped a hair but the price of bitcoin (BTC) is still up 4.3% over the last seven days. Long term holders have seen a 72.4% increase during the last 12 months, 34.9% ... Bitcoin Cash (BCH) transaction 30bcca766732219c186a430e2c7d1cddd1c62ef91ec058f352631d06299bbb7c, date: 2019-11-21 The real Bitcoin (BITCOIN) activated a protocol upgrade called Segregated Witness (Segwit) in 2017 as an attempt to upgrade the Bitcoin network so it can perform more transactions for fewer fee’s. The idea is to help Bitcoin scale more effectively in the future. How: What Segwit does is remove the signature part of a transaction and puts it somewhere else. This effectively removes the 1mb ... The bitcoin protocol stipulates that a maximum of 21 million bitcoins will exist at some point. What miners do is bring them out into the light, a few at a time. Once miners finish mining all ... Bitcoin Cash (BCH) transaction 0c1ca2303c6ea379388ffa7a67e55f884592e4a41f044a6f82911075d887e706, date: 2019-02-01
When Satoshi Nakamoto created the Bitcoin protocol he envisioned the system not only as a way of moving money from one owner to another, but also as a broader mechanism to manage agreements and ... In this Bitcoin Protocol tutorial video, the Transactions section of the Bitcoin protocol paper is explained. Of course, however, with this proposed solution, we have another issue. We can for ... Bitcoin supply is more inclusive by increasing the total amount of coins by 10 x 1 which means for every Bitcoin there is 10 Bitcoin Diamonds which means more members can trade and invest. A look at the details of the transactions... it gets a little technical, put on your seatbelts. This video is part of a larger online course, "From Barter to Bitcoin: Society, Technology and the ... Haven Protocol x Bitcoin Air Both these projects are attempting to tackle the problem of volatility of crypto assets with a unique smart contract for minting and burning coins.