Proof of Existence – NewsBTC Korea

Po.et - a universal ledger designed to record metadata ownership for digital creative assets

Po.et is a shared, open, universal ledger designed to record metadata and ownership information for digital creative assets. By allowing content creators to timestamp their works onto the Bitcoin Blockchain, the Poet Network ensures that metadata attribution remains safe, verifiable and immutable.
[link]

Nutcoin

Nutcoin - The Anti Scarcity Stabilized Currency
[link]

QUESTION: Will the use of Bitcoin for proof of existence, ownership, i.e anything other than a currency increase it's price?

Also, does the use of the blockchain for anything other than currency require a standard amount of bitcoin. Or could all of the world's information be stored using one Satoshi's worth? Even with remittance services utilizing bitcoin, if the beginning and end users end up in fiat, is there a net-zero change in Bitcoin's price as a result?
submitted by nmoBTC to Bitcoin [link] [comments]

Flatten the Curve. #18. The current cold war between China and America explained. And how China was behind the 2008 Wall Street financial Crash. World War 3 is coming.

China, the USA, and the Afghanistan war are linked. And in order to get here, we will start there.
9-11 happened. Most of the planet mistakenly understood terrorists had struck a blow against Freedom and Capitalism and Democracy. It was time to invade Afghanistan. Yet all of the terrorists were linked to Saudi Arabia and not Afghanistan, that didn't make sense either. Yet they invaded to find Bin Laden, an ex CIA asset against the Soviet Union and it's subjugation of Afghanistan. The land in the middle of nowhere in relation to North America and the West. It was barren. A backwater without any strategic importance or natural resources.
Or was there?
The survey for rare earth elements was only made possible by the 2001 U.S. invasion, with work beginning in 2004. Mirzad says the Russians had already done significant surveying work during their military occupation of the country in the 1980s. Mirzad also toes the line for U.S. corporations, arguing, “The Afghan government should not touch the mining business. We have to give enough information to potential investors.”
Rare Earth Elements. The elements that make the information age possible. People could understand the First Gulf War and the Geopolitical importance of oil. That was easy, but it still didn't sound morally just to have a war for oil. It was too imperialist and so they fell in line and supported a war for Kuwaiti freedom instead, despite the obvious and public manipulation at the UN by Nayirah.
This is some of her testimony to the Human Rights Council.
While I was there, I saw the Iraqi soldiers come into the hospital with guns. They took the babies out of the incubators, took the incubators and left the children to die on the cold floor. It was horrifying. I could not help but think of my nephew who was born premature and might have died that day as well. After I left the hospital, some of my friends and I distributed flyers condemning the Iraqi invasion until we were warned we might be killed if the Iraqis saw us.
The Iraqis have destroyed everything in Kuwait. They stripped the supermarkets of food, the pharmacies of medicine, the factories of medical supplies, ransacked their houses and tortured neighbors and friends.
There was only one problem. She was the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States. Furthermore, it was revealed that her testimony was organized as part of the Citizens for a Free Kuwait public relations campaign, which was run by the American public relations firm Hill & Knowlton for the Kuwaiti government (fun fact, Hill & Knowlton also have extensive ties with Bill Gates).
So the public was aghast at her testimony and supported the war against the mainly Soviet backed, but also American supported and Soviet backed Saddam Hussein, in his war against Iran, after the Iranians refused to Ally with American interests after the Islamic Revolution.
But that was oil, this was Rare Earth Elements. There was a reason the war was called, Operation Enduring Freedom. This natural resource was far more important in the long run. You couldn't have a security surveillance apparatus without it. And what was supposed to be a war on terror was in actuality a territorial occupation for resources.
Sleeping Dragon China is next, and where there's smoke, there's fire.
Let's go point form for clarity.
• China entered the rare earth market in the mid-1980s, at a time when the US was the major producer. But China soon caught up and became the production leader for rare earths. Its heavily state-supported strategy was aimed at dominating the global rare earth industry.
• 1989 Beijing’s Tiananmen Square spring. The U.S. government suspends military sales to Beijing and freezes relations.
• 1997. Clinton secures the release of Wei and Tiananmen Square protester Wang Dan. Beijing deports both dissidents to the United States. (If you don't understand these two were CIA assets working in China, you need to accept that not everything will be published. America wouldn't care about two political activists, but why would care about two intelligence operatives).
• March 1996. Taiwan’s First Free Presidential Vote.
• May 1999. America "accidently" bombs the Belgrade Chinese Embassy.
• 2002 Price competitiveness was hard for the USA to achieve due to low to non-existent Chinese environmental standards; as a result, the US finally stopped its rare earth production.
• October 2000. U.S. President Bill Clinton signs the U.S.-China Relations Act. China's take over of the market share in rare earth elements starts to increase.
• October 2001. Afghanistan war Enduring Freedom started to secure rare earth elements (Haven't you ever wondered how they could mobilize and invade so quickly? The military was already prepared).
• 2005. China establishes a monopoly on global production by keeping mineral prices low and then panics markets by introducing export quotas to raise prices by limiting supply.
• Rare Earth Elements. Prices go into the stratosphere (for example, dysprosium prices do a bitcoin, rocketing from $118/kg to $2,262/kg between 2008 and 2011).
• In a September 2005. Deputy Secretary of State Robert B. Zoellick initiates a strategic dialogue with China. This was presented as dialog to acknowledge China's emergence as a Superpower (which China probably insisted on), but it was about rare earth elements market price.
• October 2006. China allows North Korea to conduct its first nuclear test, China serves as a mediator to bring Pyongyang back to the negotiating table with the USA.
• September 2006. American housing prices start to fall.
(At some point after this, secret negotiations must have become increasingly hostile).
• March 2007. China Increases Military Spending. U.S. Vice President Dick Cheney says China’s military buildup is “not consistent” with the country’s stated goal of a “peaceful rise.”
• Mid-2005 and mid-2006. China bought between $100b and $250 billion of US housing debt between mid-2005 and mid-2006. This debt was bought using the same financial instruments that caused the financial collapse.
• 2006. Housing prices started to fall for the first time in decades.
• Mid-2006 and mid-2007. China likely added another $390b to its reserves. "At the same time, if China stopped buying -- especially now, when the private market is clogged up -- US financial markets would really seize up." Council on Foreign Relations-2007 August
• February 27, 2007. Stock markets in China and the U.S. fell by the most since 2003. Investors leave the money market and flock to Government backed Treasury Bills.
I've never seen it like this before,'' said Jim Galluzzo, who began trading short-maturity Treasuries 20 years ago and now trades bills at RBS Greenwich Capital in Greenwich, Connecticut.Bills right now are trading like dot-coms.''
We had clients asking to be pulled out of money market funds and wanting to get into Treasuries,'' said Henley Smith, fixed-income manager in New York at Castleton Partners, which oversees about $150 million in bonds.People are buying T-bills because you know exactly what's in it.''
• February 13, 2008. The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. The total cost of this bill was projected at $152 billion for 2008. A December 2009 study found that only about one-third of the tax rebate was spent, providing only a modest amount of stimulus.
• September 2008. China Becomes Largest U.S. Foreign Creditor at 600 billion dollars.
• 2010. China’s market power peaked in when it reached a market share of around 97% of all rare earth mineral production. Outside of China, there were almost no other producers left.
Outside of China, the US is the second largest consumer of rare earths in the world behind Japan.
About 60% of US rare earth imports are used as catalysts for petroleum refining, making it the country’s major consumer of rare earths.
The US military also depends on rare earths. Many of the most advanced US weapon systems, including smart bombs, unmanned drones, cruise missiles, laser targeting, radar systems and the Joint Strike Fighter programme rely on rare earths. Against this background, the US Department of Defense (DoD) stated that “reliable access to the necessary material is a bedrock requirement for DOD”
• 2010. A trade dispute arose when the Chinese government reduced its export quotas by 40% in 2010, sending the rare earths prices in the markets outside China soaring. The government argued that the quotas were necessary to protect the environment.
• August 2010. China Becomes World’s Second-Largest Economy.
• November 2011. U.S. Secretary of State Hillary Clinton outlines a U.S. “pivot” to Asia. Clinton’s call for “increased investment—diplomatic, economic, strategic, and otherwise—in the Asia-Pacific region” is seen as a move to counter China’s growing clout.
• December 2011. U.S. President Barack Obama announces the United States and eight other nations have reached an agreement on the Trans-Pacific Partnership later announces plans to deploy 2,500 marines in Australia, prompting criticism from Beijing.
• November 2012. China’s New Leadership. Xi Jinping replaces Hu Jintao as president, Communist Party general secretary, and chairman of the Central Military Commission. Xi delivers a series of speeches on the “rejuvenation” of China.
• June 2013. U.S. President Barack Obama hosts Chinese President Xi Jinping for a “shirt-sleeves summit”
• May 19, 2014. A U.S. court indicts five Chinese hackers, allegedly with ties to China’s People’s Liberation Army, on charges of stealing trade technology from U.S. companies.
• November 12, 2014. Joint Climate Announcement. Barack Obama and Chinese President Xi Jinping issue a joint statement on climate change, pledging to reduce carbon emissions. (which very conveniently allows the quotas to fall and save pride for Xi).
• 2015. China drops the export quotas because in 2014, the WTO ruled against China.
• May 30, 2015 U.S. Warns China Over South China Sea. (China is trying to expand it's buffer zone to build a defense for the coming war).
• January 2016. The government to abolish the one-child policy, now allowing all families to have two children.
• February 9, 2017. Trump Affirms One China Policy After Raising Doubts.
• April 6 – 7, 2017. Trump Hosts Xi at Mar-a-Lago. Beijing and Washington to expand trade of products and services like beef, poultry, and electronic payments, though the countries do not address more contentious trade issues including aluminum, car parts, and steel.
• November 2017. President Xi meets with President Trump in another high profile summit.
• March 22, 2018. Trump Tariffs Target China. The White House alleges Chinese theft of U.S. technology and intellectual property. Coming on the heels of tariffs on steel and aluminum imports, the measures target goods including clothing, shoes, and electronics and restrict some Chinese investment in the United States.
• July 6, 2018 U.S.-China Trade War Escalates.
• September 2018. Modifications led to the exclusion of rare earths from the final list of products and they consequently were not subject to import tariffs imposed by the US government in September 2018.
• October 4, 2018. Pence Speech Signals Hard-Line Approach. He condemns what he calls growing Chinese military aggression, especially in the South China Sea, criticizes increased censorship and religious persecution by the Chinese government, and accuses China of stealing American intellectual property and interfering in U.S. elections.
• December 1, 2018. Canada Arrests Huawei Executive.
• March 6, 2019. Huawei Sues the United States.
• March 27 2019. India and the US signed an agreement to "strengthen bilateral security and civil nuclear cooperation" including the construction of six American nuclear reactors in India
• May 10, 2019. Trade War Intensifies.
• August 5, 2019. U.S. Labels China a Currency Manipulator.
• November 27, 2019. Trump Signs Bill Supporting Hong Kong Protesters. Chinese officials condemn the move, impose sanctions on several U.S.-based organizations, and suspend U.S. warship visits to Hong Kong.
• January 15, 2020. ‘Phase One’ Trade Deal Signed. But the agreement maintains most tariffs and does not mention the Chinese government’s extensive subsidies. Days before the signing, the United States dropped its designation of China as a currency manipulator.
• January 31, 2020. Tensions Soar Amid Coronavirus Pandemic.
• March 18, 2020. China Expels American Journalists. The Chinese government announces it will expel at least thirteen journalists from three U.S. newspapers—the New York Times, Wall Street Journal, and Washington Post—whose press credentials are set to expire in 2020. Beijing also demands that those outlets, as well as TIME and Voice of America, share information with the government about their operations in China. The Chinese Foreign Ministry says the moves are in response to the U.S. government’s decision earlier in the year to limit the number of Chinese journalists from five state-run media outlets in the United States to 100, down from 160, and designate those outlets as foreign missions.
And here we are. You may have noticed the Rare Earth Elements and the inclusion of Environmental Standards. Yes these are key to understanding the Geopolitical reality and importance of these events. There's a reason the one child policy stopped. Troop additions.
I believe our current political reality started at Tiananmen square. The protests were an American sponsored attempt at regime change after the failure to convince them to leave totalitarian communism and join a greater political framework.
Do I have proof? Yes.
China, as far as I'm concerned, was responsible for the 2008 economic crisis. The Rare Earth Elements were an attempt to weaken the States and strengthen themselves simultaneously. This stranglehold either forced America to trade with China, or the trade was an American Trojan horse to eventually collapse their economy and cause a revolution after Tiananmen Square failed. Does my second proposal sound far fetched? Didn't the economy just shut down in response to the epidemic? Aren't both sides blaming the other? At this POINT, the epidemic seems to be overstated doesn’t it? Don't the casualties tend to the elder demographic and those already weakened by a primary disease?
Exactly the kinds who wouldn't fight in a war.
Does this change some of my views on the possibility of upcoming catastrophes and reasons for certain events? No. This is Chess, and there are obvious moves in chess, hidden moves in chess, but the best moves involve peices which can be utilized in different ways if the board calls for it.
Is all what it seems? No.
I definitely changed a few previously held beliefs prior to today, and I would caution you in advance that you will find some previously held convictions challenged.
After uncovering what I did today, I would also strongly suggest reading information cautiously. This is all merely a culmination of ending the cold war, and once I have events laid out, you will see it as well.
At this moment, the end analysis is a war will start in the near future. This will be mainly for a few reasons, preemptive resource control for water and crops, population reduction can be achieved since we have too many people, not enough jobs, and upcoming resource scarcity.
Did you notice my omission of rare earth elements? This is because of Afghanistan. I would wager China or Russia is somehow supporting the continued resistance through Iran. But events are now accelerating with China because the western collation has already begun to build up their mines and start production.
Do you remember when Trump made a "joke" about buying Greenland? Yeah. It turns out that Greenland has one of the largest rare earth mineral deposits on the planet.
Take care. Be safe. Stay aware and be prepared.
This message not brought to you by the Bill and Melinda Gates Foundation, Microsoft, Google, Facebook, Elon Musk, Blackrock, Vangaurd, the Rockefeller Foundation, Rand Corporation, DARPA, Rothschilds, Agenda 21, Agenda 30, and ID 2020.
submitted by biggreekgeek to conspiracy [link] [comments]

What will undoubtedly happen from a macroeconomic (big picture) perspective... idiots

OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the economy running somewhat smoothly. That's a lot of printing, you idiots probably expect inflation. Wrong, step away from the US and look at what other countries are doing, the ECB (European Central Bank) and BOJ (Bank of Japan) are having to print trillions of dollars worth of EURO and YEN to keep their economies going, along with every other country getting pounded. Not only that, but since the US dollar makes up 70% of global transactions, in liquidity terms, trillions worth of euro and yen is MUCH MUCH more than any amount Jpow feels like printing, there's no way our printing could offset what the rest of the world is doing, so inflation isn't coming. If you want proof, just look at the euro/usd (going lower) and literally ANY emerging market currency is getting absolutely clapped vs the dollar.

Furthermore, not only is US corporate debt at an all time high, but emerging markets, the eurozone, and asia has borrowed more dollars than ever before at any point in history, basically everyone around the world's debt is denominated in US DOLLARS. So what's about to happen? It's already happening, demand for US dollars is going up because everyone around the world wants to borrow more to offset cash flow concerns and pay off existing debts, which will cause the dollar to increase in value. What happens when the whole world has debt in dollars and the dollar goes up in value? DEBT BECOMES MORE EXPENSIVE. This is DEFLATION, and in particular and even more terrifying DEBT DEFLATION, a phrase that would make Jpow absolutely shit himself (and he knows its coming). This has already started before the whole beervirus nonsense, look at Venezuela and Zimbabwe, they had too much dollar debt, no one wanted to lend to them anymore and whoops, their currency is worthless now. It's going to be like a game of musical chairs for people trying to get access to dollars, starting with emerging markets and eventually moving into the more developed economies. The result: massive corporate bankruptcies, countries defaulting on debt (devaluing their currencies) and eventually a deleveraging of massive proportions. This WILL occur and no amount of printing can stop it, it's already too far gone.

It doesn't matter what the stock market does, other markets around the world will be fucked, honestly it might cause the market to go up because of all the money fleeing other countries trying to find a safe place to live. Here are the plays assholes. TLT will go up because no matter what Jpow says, he doesn't control the fed funds rate, the market does, and US treasury bond yields have already priced in bonds going negative. CPI shows that we may see up to -3% inflation (3% deflation), meaning at .25% fed funds rate, the REAL rate is 3.25%, that is the worst thing possible during a deleveraging because it makes it harder to stimulate the economy, the fed has no choice, rates MUST go lower. Rates go lower, bond prices go up, TLT 12/18 $205c. Remember how I said scared foreign money will want to find a nice safe place to go when we go into the biggest debt crisis the world has seen in over 300 years? GLD 12/18 $240c. Finally, the dollar will rise in value as well so UUP 12/18 $28c.

As far the actual market, we hit a high of SPY 339.08 in February, fell to a low of 218.26 by mid March, and have since then retraced EXACTLY to the 61.8% Fibonacci retracement level at 290, and started to bounce lower from there. I'm no technical analyst, but I do know history. During the greatest crashes in stock market history, 1929, 2001, 2008, the Nikkei in 1989 (Japan) this exact same thing happened, market got scared and fell to lows, then smoked that good hopium for a few weeks or month to retrace between 50% and 61.8% back to previews highs, then absolutely fell off a cliff. If you don't believe me, go look at the charts. Now, I'm personally not going to be betting on the US market falling because of the fact that its just straight up not reflecting reality and there are much better ways to trade on what's occurring (see trades above), but I PROMISE, that we will not be seeing new highs at any point any time soon.

TLDR; The world is going to shit due to the dollars over-dominance of the world market, we will soon see the worst deleveraging in human history, and may very well have to come up with a new fiat money system (probably not bitcoin, but it wouldn't hurt to have some). TLT 12/18 $205c, GLD 12/18 $240c, and UUP 12/18 $28c. If you wanna be an autist and buy weeklys, I can't help you, but I basically just gave you the next big short, so you're welcome.

DISCLAIMER: I didn't say what price to buy at for a reason, timing is extremely important for trades like this, so don't FOMO in and overpay, you will get clapped.
submitted by Rezuwrecked_ to wallstreetbets [link] [comments]

$MTXLT — The Fuel For Private DeFi

Call courtesy of facemeltersmicros on telegram
T.me/facemeltersmicros
Circ Supply: 47,844 Total Supply : 900,000
Price $47 Market Cap $2.2m
https://coinmarketcap.com/currencies/tixl/
Buy on probit exchange (liquidity is here) & Binance Dex
MTXLT (later TXL) is the native token of the Private DeFi Platform called Autobahn Network. It can be transferred through the network with zero-fees, reflecting the best features of today's cash.
What is Private DeFi?
Privacy should be fundamental in financial transactions. However, many existing DeFi platforms, such as Ethereum for example, fail to fulfil this criterion – either partly or completely. The Autobahn Network is one of the first of its kind to truly support private DeFi.
What is DeFi about the Autobahn Network?
The Autobahn Network will initially focus on the areas of asset tokenisation and providing a second-layer platform for existing assets on other chains. This will provide the foundation for offering further DeFi use cases in the future. The current focus is on the launch of Alphanet, which will be the first production release of the Autobahn Network.
The Autobahn Network is a decentralized next-generation, second-layer solution for digital assets. It provides the ability to use any cryptocurrency, including Bitcoin, as an efficient & effective means of world payment.
The Autobahn Network employs the most sophisticated technologies to have emerged from the blockchain world over recent years to build a decentralized network, tailored for payments. Bitcoin, and other digital assets, can be sent to the Autobahn Network. Once they are in the network they can then be transferred quickly, privately and with low transaction fees.
HOW DOES IT WORK?
• Send BTC to the Autobahn Network Gateway • The decentralized nodes hold your BTC via a Threshold Signature Scheme (TSS) • Transfer BTC within the network as often as you like • Withdraw BTC to the main blockchain, if you plan to hold it there • The decentralized nodes release your BTC via TSS
To fully appreciate high-speed, you have to experience it yourself. They have developed a fully working Testnet especially for this purpose:
https://autobahn.network/testnet
The Autobahn Network is developed by the non-profit company - Tixl gGmbH, based in Hamburg (Germany). Tixl raised seed capital of USD $1,250,000 in early 2019 by selling the Tixl Token (MTXLT) to retail investors.
Tech behind the Autobahn
https://medium.com/tixlcurrency/the-technology-behind-the-autobahn-network-81fdecf41c20
Most of the time the bottleneck is the consensus. Tixl use their own implementation of the Stellar Consensus Protocol (SCP). Since SCP is known to establish consensus within a few seconds, even if there are some more conflicting transactions, nodes will still be able to reach consensus quickly. It’s also known that SCP can deal with high transaction volumes. Although there is no verified statement from the Stellar foundation, there are rumors that SCP can handle 10,000 transactions per second in certain network constellations
Project milestones and key links
In the future:
Find more details on these events in the medium article released today
https://link.medium.com/qXfp3zjM57
WHY TIXL?
A number of different concepts for improving Bitcoin and the transfer of digital assets in general have been developed, with the ultimate goal of achieving fast and cheap transactions, or to provide privacy. The Tixl Token on the Autobahn Network provides a perfect combination of them all.
REVENUE STREAMS
Transaction Fees
Transactions in the Autobahn Network will be cheap but not completely free. Fees will be paid using in the currency of the asset being transfered. The revenue will then be used to purchase MTXLT on the open market. As a result, fees are indirectly paid in MTXLT.
Listing Fees
As soon as the Autobahn Network gains adoption, it will become a sought-after platform for other assets. A (monthly) listing fee, to be paid in MTXLT, will also serve to increase the public demand for MTXLT.
Additional Services
Besides the obvious sources of revenue, other features - like the purchase of nicknames - can also be used to generate revenue.
Social media buzz
Ivan on Tech about Tixl in "TOP ALTCOINS 2020 - Programmer explains"
https://youtu.be/ynyvwZetb8s
Something different?
Tixl global reserve has been developed to provide extra confidence to investors. Read more here:
https://medium.com/tixlcurrency/tixl-global-reserve-tgr-update-c59bee09c66d
Other questions
Do I need TXL to send and receive BTC and other third-party assets?
To ensure the greatest usability, they decided against using TXL directly as "fuel" because it would provide an obstacle to use if you had to buy TXL before you are able to transfer BTC, or other digital assets. The same issue has attracted criticism from users of other networks that support different assets. As a solution, they settled on the idea of allowing transaction fees for certain assets (for example, BTC) to be paid in their native currency. One can send BTC through the Autobahn Network without having to purchase TXL and pay much lower fees than you would on the Bitcoin blockchain itself.
How is Autobahn Network secured by Bitcoin?
To increase the decentralization of Autobahn Network, a hash representing the current state of the Autobahn Network ledger will be written onto the Bitcoin blockchain regularly. In doing so, the Autobahn Network will increase its trust level by leveraging the most secure and immutable blockchain in the world.
submitted by therealfacemelter to CryptoMoonShots [link] [comments]

Top Proof Of Stake Networks and Staking Coin List

Proof of stake consensus algorithm was launched as an alternative to the proof of work algorithm and since its discovery in 2012, it has been used by a number of crypto platforms seeking to become more scalable than the Bitcoin network. With one of the main objectives of the proof of work model, allowing for a decentralized network to confirm transaction instead of a third party, the proof of stake model achieves this in a different manner. Before we dive into some of the top proof of stake cryptocurrency networks right now, it is best that we get an idea of what proof of stake is.
What Is Proof Of Stake?
Proof of Stake otherwise referred to as PoS is a consensus algorithm that makes use of the coin staking format. To explain better, for users on the network to be able to mine, they need to be able to stake a certain amount of coin on the network if they are to start mining. In addition to staking a certain amount, these individuals will only mine the total amount of coins that have been staked on the network. This simply means that if a manages to stake or lock up a huge amount of coins, let’s say about 10% of the total coins on the network, they will be able to validate about 10% of the total transactions that are carried out on the network. So if a network processes about 10,000 transactions each day, these miners will validate and receive rewards for validating 10% of the total blocks. Aside from the rewards they stand to gain, these miners are also paid transaction fees of users on the network each time they validate a transaction.
There are a couple of benefits that come from making use of PoS based blockchain networks and they include;
  1. They are less expensive; unlike the PoW mechanism that requires users to invest their hard-earned funds in the purchase of expensive hardware or mining rigs, these PoS networks do not require you to pay for mining rigs. All you have to do is buy or own a certain amount of coin on the network and you can begin validating transactions and earning rewards.
  2. It is eco-friendly; unlike PoW based networks, PoS networks offer users guaranteed returns. The value of these PoS based coins does not fall like the PoW based coins unless there is a slight change in the market.
  3. On this network, stakers can decide to delegate their responsibilities to third-party agents to help them carry out.
Top Proof Of Stake Networks And Staking Coins
1. Dash (DASH)
Otherwise referred to as “Digital Cash”, DASH happens to be one of the very advanced crypto networks to adopt the PoS algorithm. DASH simply acts like liquid cash or P2P platform that is used to make payments for goods and services that are purchased daily. Currently, in most countries, DASH has been integrated as a means of payment for goods and services bought daily. In the last couple of years, DASH has implemented the InstantSend and PrivateSend features which will facilitate a fast and secure transaction for all on the network. Holders of the DASH coin can run master nodes on the network or receive rewards in DASH coins.
On the DASH network, users will have to stake about 1000 DASH coins when the price of one (1) DASH is equal to $300. While this network was built on Bitcoin’s main core it happens to focus on the privacy and quick transfer of funds aspect.
Early adopters of DASH that have a large number of DASH coins in their possession will do well to become master nodes on the network. Individuals with about $300,000 worth of DASH coins will make approximately 7.5% annual profit from becoming master nodes on the network. Those seeking to stake DASH coins will do well to ensure that they have the DASH staking wallets in their possession.
2. NEO (NEO)
Previously referred to as Antshares, NEO happens to be the first Chinese open-source blockchain project in existence. The developers of this network have referred to it as the distributed network for the smart economy. Being a PoS powered network, users on the NEO blockchain can stake their coins if they want to become miners on the network. Aside from the fact that there is a crypto platform, NEO has a token which is referred to as GAS which can be staked on any of the NEO staking wallets available. Unlike some of the other PoS based crypto networks, NEO does not require users to keep their staking wallets open.
Stakers on the NEO network can expect a 4.5% annual profit when they stake on this network. There are a couple of benefits that are associated with making use of this PoS based network and they include; it is a smart network that affords you the opportunity to send and receive coins in less than no time. The certificates, as well as the identities, are digital. Also, there is a wide range of decentralized applications (DApps).
3. Vechain (VET)
This happens to be another top PoS based network and since its launch has been able to gather attention from members of the crypto community. This network has been said to be similar to the NEO network and it offers users the opportunity to carry out fast transactions at a reduced cost. Unlike some of the other PoS based networks, Vechain focus primarily on the supply chain industry. It has allied with the Amazon web service and Walmart China. When you stake VET on the Vechain network, you are given VTHO for staking VET coins on the network. It is used in transactions and it has a return of investment of about 2% or more. Users on the network get extra with the nodes and it is easy to make use of.
One of the main benefits of this network is that it is incredibly easy to make use of and it has a long-range of partnerships. In addition to this, it has a fair ROI rate as well as other amazing bonuses that users will have to enjoy as well.
As always, the team here at Affil Coin is happy to help where we can. So, if you ever have any questions, stop by the AffilCoin Telegram chat and talk to a member of our team! Furthermore, if you want to learn more about Delegated Proof of Stake, click here and visit the AffilCoin site!
submitted by affilcoin to affilcoin [link] [comments]

Three suggestions for better boundaries between Monero and Tari

I write this as a multi-year Monero contributor to the subreddit, the CCS, and minor commits to both the CLI and GUI. However, my Reddit account is newish since I regularly delete my Reddit account every six months or so out of privacy concerns, so let my words in this post act as proof of my grasp of Monero and our community's values.
I have been increasingly confused by how intermingled the goals of Monero have become with Tari. Naturally, I could care less if someone wants to merge-mine with Monero. But last week we had dEBRUYNE, longtime excellent mod of this subreddit, break the subreddit's own rules to announce Tari's testnet. So naturally it feels like the Monero community is being invited to align itself with Tari, both alongside Tari's development and its eventual goals. Yet I don't feel like the Monero community is fully aware of how this conflation has the potential to degrade the purity of our community, so that's why I am writing this post today.
On the one hand you have Monero, perhaps the only pure cryptocurrency project left in the entire space. Bitcoin development has declined to a crawl. Yes, regular commits to its code happen all the time, but fundamentally they have become a traceable surveillance coin, and make no major efforts to change this. Greg Maxwell's Confidential Transactions are just sitting there on the shelf, waiting to be implemented. It's sad, really.
Thankfully, there is us. There is Monero. We have all of the benefits of Bitcoin in that we were fairly launched (no premine, founder's share, etc), are decentralized, PoW, and open source. Further our culture reflects the culture of Bitcoin's origins. There is no price talk in Monero. No memes. (Bitcoin's subreddit is overwhelmed with price memes, a harbinger of a dying coin.) Indeed, Monero's community is first passionate about the technology inside it. Some of the most upvoted posts in this sub are actual gd pull requests. So wonderful. I think back to how painfully long it took us to complete the GUI. So many of us were so focused on getting the CLI right that the GUI was delayed for (I think) almost two years.
There are precious few coins like that these days. Namecoin is a wonderful exception. Jeremy Rand's recent presentation on how Namecoin has been implented in the Tor-browser is perhaps the most exciting news in cryptoland all year. Unlike 95% of the burning crypto dumpster fire, people may soon actually use Namecoin, typing something like Monero.bit instead of a long difficult aasldkfasdlkfjadlkfj.onion address.
And then you have everybody else. 95% of the crypto garbage out there is fundamentally useless if not a straight up scam. Most of the stuff falls into 2 different camps of crap: (Crap 1) useless slick coins with massive marketing budgets, and (Crap 2) reskinned forks. 95% of the garbage out there cares first and foremost about how it appears on the surface, because: the first goal for most cryptos is not making something useful, it's making money. You can have a coin like Dash that "innovates" a PoW by stringing a bunch of hash functions together to make it's X11 algo, but since the wallet software itself impresses people, they don't care. Who cares if there is fundamental collision potential in X11 that could break the coin in a single block? Everything looks sliiick.
In short, you can tell if a cryptocurrency is healthy or not if its first goal is making money or making something useful.
Thankfully Tari does not seem to be as bad as 95% of the stuff out there. A cursory glance at their repo makes it seem like Fluffypony found talented devs who know their stuff. Further, I think the idea of merge-mining alongside Monero is quite smart. I am a huge fan of Tevador and hyc and the work they did on RandomX, so anything that champions their creation is welcome to me! My hope is we have dozens of merge-mined RandomX coins in the coming decades. Our hash rate will only increase, and the security of our chain will improve. Furthermore, I think Fluffypony himself is a guy with a lot of integrity, so I actually feel a degree of trust towards Tari that I wouldn't naturally feel.
The issue is Tari's goals. I say this dispassionately: I am uncertain if Tari's central goal is to make something useful or to make money. Here's an article in Blockchain News announcing Tari. In it, they describe what Tari's software will hopefully do:
in our digital world, these restrictions are unduly limiting for both businesses and consumers, making it costly, difficult, or impossible for digital assets to be resold or transferred,” the announcement stated. “For businesses, this means missing out on the tens of billions of dollars generated each year from secondary resale and trading of the digital goods they issue. For consumers, this means never having true ownership of their digital assets, despite having earned or paid for them.”
Sounds ok. Who wouldn't want the ability to trade scarce digital assets with programmed rules? I certainly would. However, farther down the page you have this:
... those involved with the project include John Pleasants, the former CEO of Ticketmaster and the venture firms Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures, Aspect Ventures, DRW Ventures, Blockchain Capital, Pantera, and Multicoin Capital.
Here is where things get a little hairy, and why I am nervous about the pump-culture of crypto leaking into the tech-culture of Monero. Redpoint is a backer of the scammy gambling website Draft Kings. Blockchain Capital is a backer of Coinbase and Ripple. Pantera put up some of the cash that made ZCash happen. I don't know about you, but it makes me squirm a bit to see Tari's logo alongside ZCash and Ripple.
Naturally, the terms of their VC investments are somewhere in black and white, yet there is nothing anywhere on the Tari website about the emission schedule of the coin. In fact, unlike most VC backed crypto out there, Tari doesn't even list their investors. They used to list it in their FAQ as seen on archive.org, but have since removed it.
Monero is one of the most hopeful things in the world right now, and it has this special status for me because it cares first and foremost about the technology it is innovating. Decentralized private open-sourced cash. It's an incredible wonderful future that we're all making together. Nothing like Monero has ever existed. But it is more fragile than people realize. It can be slowly killed. This community can eventually become like Bitcoin, stuck in price-memes, if the culture gets sucked away from technology and into profit making.
Is it possible for Tari to accept VC money and be solely focused on the technology of a product? Theoretically, yes. But it's not easy. I've had to work with a few small Silicon Valley companies who also accepted VC cash, and returns to their shareholders were a constant source of pressure on them. Will it be for Tari? Monero needed many years to be awkward and small in order to strengthen itself to be the sizable functional coin it is today. Does Tari have this same patience, or will the VCs need payouts sooner than that? If Fluffypony's main goal in Tari is to help people trade digital assets then why didn't he simply launch Tari like Monero, free and open source (FOSS)? Namecoin is FOSS and merge-mined; it has no VC backers.
As a worst-case scenario, how long will it be before Tari is "given back to the community", as so many VC-inspired coins have done? Dead code repos all over the corners of cryptoland, discarded after the venture capital firms dumped their premine and took off. There are a lot of unanswered questions here.
In closing, I have three suggestions:
  1. Fluffypony should publish the emission schedule as soon as he can, so Tari’s fans can know if there is a premine/founders-share/etc. And perhaps be transparent about how their venture capital investors are being compensated.
  2. People here should think critically before they get involved Tari. It has a different ethos than Monero.
  3. Despite the Fluffypony connection, Rule #4 should be enforced, disallowing posts promoting merge-mined coins like Tari from this forum. If Tari is allowed in this forum, we need our moderators to be honest about whether or not they are investors in Tari and have a conflict of interest. That said, most mods are anonymous, so it's actually impossible to enforce this disclosure. So I guess just enforce Rule #4.
submitted by KierkegaardsGhost to Monero [link] [comments]

Long Term Incentives for Validators: Transaction Fees Should Be Rewarded, Not Burned

This post is a followup to question #2 in my original $AVA Native Token Questions. Thank you u/sekniqi for providing those answers.
In Bitcoin, the intention was that eventually transaction fees would entirely replace the block reward through a very large volume of low-fee transactions [1][2][3].
Since AVA fees are burned, they cannot replace the minting reward for validators after the $AVA supply cap is reached and minting ends. AVA currently lacks this long term incentive that Bitcoin was intended to have.

the price will increase to subsidize the lower block rewards, which is true to a certain extent for Ava as well
I am specifically curious about the plan after the $AVA supply cap is reached and minting ends completely. Price increases will not incentivize validation after minting rewards end. At that point, token holders will benefit from any price increases whether or not they are validators, but validators will suffer the expense of running a node and the opportunity cost of locking up tokens for staking.

applications that are built on Ava might have their own tokens, and those tokens will pay fees in their native currency to Ava validators as well
It seems dangerous to speculate that future applications might create their own application tokens and decide to pay sufficient fees to validators in those application tokens. If it has already been decided that native $AVA transaction fees will be burned and will not be rewarded to validators, then what happens if future applications follow the same logic and decide to burn any fees or not require fees? In that case, there is little incentive left to be a validator, other than possibly for a few large businesses that depend on the existence of the AVA network. The security of the system should be inherent in the native base layer, not pushed off to hypothetical implementations of future applications.
If details such as the sliding-cost function for transaction fees are still under prototyping, is it possible that the system could be updated prior to mainnet so that all transaction fees are not burned, and instead some or all fees are rewarded to the validators as minting decreases?
If some fee burning is desired, perhaps the percent of transaction fees that are rewarded to validators could be one of the critical parameters adjustable via on-chain governance voting.
The $AVA token paper acknowledges that the minting function should be adjustable to maintain a sufficient level of total staked supply [4]. Using the same logic, as minting decreases and ends, the transaction fees rewarded to validators could be adjustable to maintain a sufficient level of validators or staked supply.
Really though, it seems like all transaction fees should be rewarded to the validators to incentivize running the system. Some minimal fees are required to reduce congestion and incentivize validators to run the network. Beyond those two objectives, requiring additional fees for “burning” simply increases the burden on end-users and reduces the utility of the network.
There are real costs associated with running a validating node, including hardware, bandwidth, and maintenance, but also the opportunity cost and time value of money for the staked $AVA locked up by a validator. After the $AVA supply cap is reached and minting ends, validators must be incentivized and compensated for these costs by very small transaction fees paid by a very large volume of transactions.

  1. “Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.”
Nakamoto, Satoshi: Bitcoin: A Peer-to-Peer Electronic Cash System (2008)
  1. “In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.”
Nakamoto, Satoshi: Bitcointalk (2010), topic #48, message #349
  1. “The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions [referencing current weaknesses of commerce on the Internet]"
Nakamoto, Satoshi: Bitcoin: A Peer-to-Peer Electronic Cash System (2008)
  1. "The goal of changing γ and λ is to increase total supply of tokens in case the empirically observed total staked supply is too low."
Buttolph, S., Moin, A., Sekniqi, K., Sirer, E.G.: AVA Native Token ($AVA) Dynamics (2020/02/09)
Additional information:
  1. “Validators, sometimes referred to as stakers, are compensated for their validation services based on staking amount and staking duration, amongst other properties."
Sekniqi, K., Laine, D., Buttolph, S., Sirer, E.G.: AVA Platform (2020/04/21)
[Not necessarily true after minting ends and rewards cease?]
  1. "Validators are incentivized to stay online and operate correctly as their rewards are based on proof-of-uptime and proof-of-correctness."
Buttolph, S., Moin, A., Sekniqi, K., Sirer, E.G.: AVA Native Token ($AVA) Dynamics (2020/02/09)
[Not necessarily true after minting ends and rewards cease?]
External links omitted to avoid the moderation queue.
submitted by AVA-4-EVA to ava [link] [comments]

I am the creator of BitcoinDuLiban.org. I am on a mission to educate Lebanese about the importance and usefulness of Bitcoins in their lives. AMA

What is Bitcoin?

Bitcoin (₿) (ticker BTC)is an open source cryptocurrency. It is a decentralized cryptographic currency without a central bank or single administrator in control that can be sent from user to user on the peer-to-peer bitcoin network without the need for 3rd person in between like bank, or payment processor or institution all transaction processing and verification is carried out collectively by the network.
Find out more at http://www.bitcoinduliban.org/

Why Bitcoin is the future?

Bitcoin emerged in 2009 as more economies across the world started losing trust in the current banking model. Institutions that have been around longer than ourselves have changed very little throughout our lifetime. Not only does the lack of trust, and stagnant change of banks allow Bitcoin to thrive, but also the possibility of eliminating inflation. Bitcoin saw the opportunity to take the power out of the institutions and provide a better service, and the people responded. Bitcoin operates universally, meaning for the first time, there is a possibility of a global currency. With truly international currency possibilities for global economic growth, social equality, self-sovereignty is endless.

Why Bitcoin and not others?

It is a very good question, there at the moment of writing over 2000 projects and “coins” that emerged after Bitcoin. Many of them claim to be faster, better and more flexible than Bitcoin however very few have withstood the test of time or delivered their proposed product. The basic fundamentals of Bitcoin’s principle monetary policy are unprecedented, and by now, it is impossible to replicate its level of decentralization or network security, which is powered by a computer network as powerful as almost 12 trillion Intel Core i7 processors. Bitcoin also has the largest social / community strength. I would HIGHLY advise against investing or getting dragged into any project that claims superiority, I have single rule : if it says it's better than Bitcoin then its what we call “scam-coin” you will only get pulled in and lose your bitcoin/usd value causing a lot of pain and sadness . Sit down, read, learn and be patient, you will not miss out on anything over night and if something is rising in price quickly most likely it will crash as fast.

Does bitcoin have an applicable use in daily life or is it only for holding for future gains?

Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds, you can use your Bitcoin at but not limited to : KFC, Burger King, Microsoft, AT&T , Expedia, Subway, Twitch, Virgin Galactic and many more just look it up. You can look up merc and services at https://spendabit.co/ So if you are living abroad, you can use your bitcoin just like any other known currency in addition there are Debit cards in collaboration with VISA network offers that are backed by Bitcoin making you able to pay with it anywhere in the world just with a swipe or tap.

As Lebanese in Lebanon, how can I buy or sell bitcoin ?

In Lebanon unfortunately we can not use our banking system to purchase bitcoin, there was a time where rain.bh an UAE based exchange was accepting Lebanese Cards, till it was stopped but give it a try we weren’t able to confirm all cards.
Therefore most common way to buy bitcoin in lebanon is using P2P which is person to person exchange, this can be through an international website such as localbitcoins.com or hodlhodl.com , all you gotta do is find a sell offer initiate transaction with seller , send him his payment using WesterUnion or Moneygram and once the seller receives payment your bitcoins will be released but make sure you use escrow service which ensures safety of your transaction therefore bitcoins you are buying are frozen for the seller and he can not retrieve them unless you fail to pay or run out of time window to pay. Another p2p way is through local bitcoin communities , there are plenty of traders willing to exchange with you however always ask for the reputation of the seller inside a group and never respond to private messages unless it is a confirmed reliable trader just to avoid losing and being scammed. Feel free to find out more about how to buy in Lebanon at http://www.bitcoinduliban.org/

If I have a bank account outside Lebanon, can I use bitcoin to transfer money from Lebanon to my bank account outside?

It is possible to transfer Bitcoin to an international account in the USA or EU for example, you would need to use recognized exchanges such as coinbase.com kraken.com and many others. It would be as simple as sending BTC to your coinbase account, converting to USD and withdrawing it to your account. However you must take few precautions, if you are sending a significant amount of BTC and converting it to USD you will need some kind of proof that these funds are yours otherwise you might get investigated for money laundering. So is it convenient to send ? I do not think so, if you managed to get what we call now in Lebanon “ Fresh USD” it would be much less of a hassle to simply initiate an international transaction.

Why would I want to send Bitcoin to my family or friends in Lebanon ?

This is where I believe BTC can shine for us, you can use exchanges as coinbase,kraken or any prefered place to purchase some bitcoin that can be transferred to your family wallet within minutes. Your family or friends can exchange bitcoin or part that is needed with local traders to LBP at desired exchange rate therefore you are not forced to exchange at rates given by WesterUnion, after which they will be able to do their daily purchases and mitigate inflation rates to some extent. You can send as little as $1 and the transaction costs less than $1 for any amount.

Why is the Bitcoin price so volatile ?

Indeed it can be, sudden swings of 20% both ways are considered normal if you look at daily data, however bitcoin since 2009 had only one trend which is upward, 80% chance is if you bought BTC at any moment in past 2 years is that you are on break even or positive not loss. Feel free to try this exercise by going to https://dcabtc.com/

Should I invest?

NO. Now since we got the short version of this, let me elaborate. By the end of the day it is a new class of an asset, the price is still in the discovery phase and it could cause a lot of pain and sleepless nights if you invest more than you can chew to possibly lose. No one can advice you what to do with your money and how to position them, however i highly encourage to read, educate yourself on money before investing in BTC a good start would be https://bitcoinduliban.org. Please ask more knowledgeable bitcoin users and double check sources , once you feel confident enough that you understand this monetary system you can try dipping your toes with small amounts and build your position from there. Just stay away from quick gains schemes such as “online mining” “cloud mining” and anything that offers 100% returns in a very short time, if it's too good to be true then it's a scam.

Scams, BE AWARE.

Due to our difficult situation we are being targeted by constant advertisement of potential new solutions using “newly developed cryptocurrencies“ , unfortunately such new technology does not exist and they are trying to take advantage of us by promising fake solutions.
Even Bitcoin can not provide you with a solution to your hard worked money being inaccessible in any Lebanese bank.
Here are few typical scam msgs:
submitted by marceldy to lebanon [link] [comments]

The future of dApp development. The end of blockchain tribalism

The future of dApp development. The end of blockchain tribalism
If you are a dApp developer this is a must read!
As all the blockchains have their advantages and disadvantages there is no blockchain which will rule them all. Each blockchain will get congested as soon there are too much “mass adoption” dApps on it, which actually getting used. One blockchain is more decentralized, another more performant.
The solution are decentralized services which are validated and 100% ONchain. A platform layer where dApps can choose what they need, without important trade-offs for their applications. And everybody who want to offer a service, can offer them as a Service Provider. The DAPP services are the new (Amazon) Web Services but decentralized, affordable and for blockchains. Today the DAPP Network counts already 35 DSP’s (DAPP Service Providers) offering 120 services (packages) and counting…
The internet of Blockchains - enabled by the universal middleware of the DAPP Network
The DAPP Network is the first solution which offers this kind of decentralized services. And with the Chintai.io DAPP Resource Exchange where developers can rent DAPP tokens for an affordable price for 30 days, they can pay monthly with a ‘pay-as-you-go” model for their resources and scale their dApps step by step. And it doesn’t make a difference if it’s a new developed dApp or if somebody want to use services for an already existing dApp. If the dApp already exists on a specific blockchain, it can stay on that blockchain and nonetheless use services or scale without tradeoffs. No need any more to change to another blockchain thanks to LiquidLink.
What do you think will happen to the crypto space when companies and big enterprises start to realize that they are independent of any specific blockchain and that they can scale/tokenize their dApps 100% ONchain to an affordable price to mass adoption without any tradeoffs?
Get/Buy DAPP tokens on Bancor.network or Newdex.io before big exchanges start to list DAPP. Today DAPP is worth 0.015$ per token. The concept is in my opinion a breakthrough! Just think about Chainlink is today around 5$ per token. And Chainlink is offering only one service (oracles) which DAPPNetwork offers.
With Zeus SDK LiquidApps.io offers an open source plug and play development platform/middleware. Github: https://github.com/liquidapps-io

Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1 Team DAPP Solutions is actively engaged in the Great Reddit Scaling Bakeoff, if you have an interest in joining this initiative, reach out to http://dappsolutions.app to collaborate
If you have questions get in contact with LiquidApps team! They and Beni Hakak personally will support and help you that your dApp will stay affordable for you and have the best chance to get successful!


Working services today, offered by multiple DSP’s to choose from, 100% all ONchain, are:
LiquidLink: LiquidLink allows you to connect your dApp to assets, actions, and applications on any blockchain you want (Bitcoin, Ethereum, EOSIO chains like EOS, WAX, Worbli, Ultra, Telos, BOS, …). Working and integrated product today
LiquidX: LiquidX enables dApps to run on the blockchain of their choice and still enjoy all of the benefits of using DAPP Network services Working and integrated product today
More chains (Neo, Tron, Hyperledger, Hedera, Tezos, Cosmos, Cardano, Polkadot, Solana, ...) can/could be added as soon a dApp want to connect to them
Proofen link to Ethereum and EOSIO chains. Already integrated in CoVax and Project Phoenix.
LiquidChains: Blockchain as a Service with unprecedented customizability. Your Chain, Your Choice! LiquidChains are fast, easy, fully customizable blockchains for your project, running on the popular proof of work or proof of stake consensus mechanisms. Each LiquidChain comes out of the box with the full suite of DAPP Network services ready for use. Working and integrated product today
https://preview.redd.it/bmw3ior4y7951.png?width=649&format=png&auto=webp&s=6fee388254119a0d62b0bfd870b107b8c40c6bde
Sharding: With LiquidChains developers can now spin up feature-rich, custom shards in minutes and seamlessly connect it to a public network (if they want to.) If you’re an Ethereum developer that needs to scale right now, get in touch with the LiquidApps team about harnessing LiquidChains to create a custom shard for your dApp! Working product today
Liquid vCPU: Boundless Computational Power. With vCPU, your application can offload intense computing work to the distributed DAPP Network. Working product today
https://preview.redd.it/4e7cbwy6y7951.png?width=645&format=png&auto=webp&s=cf56a072dc8555840db7046675657a2876db6cdd
LiquidOracles: Choose from different DSP’s low latency oracle services. LiquidOracles stands out by keeping SLAs and data verification on chain, protecting you from the risks of malicious or accidental failure. Protect your data streams from being modified by malicious parties. Decentralized and trustless, without needing a separate blockchain. LiquidOracles are a more generalized and flexible solution than other oracle solutions like Chainlink. They also do not have any limitations with gas fees or block times. For example, EOS Options (on Kylin) is currently calling multiple price feeds every 15 seconds using LiquidOracles and have also tweeted recently about their plans to update their oracle feeds every 1 second. Things like that just aren’t possible on Ethereum at this time. Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
DSP's (DAPP Service Providers) could integrate Chainlink as part of their data feeds, and Chainlink could utilize the DAPP Network to gain some additional advantages. Link and DAPP are better together
LiquidScheduler: Set timed events. Free up resources when users become inactive. Schedule regular checks of data sources. Take advantage of options to make your application more resistant to unreliable providers and infrastructure failures. It’s a Cron-Like Task Scheduler Example: regularly update from oracle feed (Example all 15 seconds) Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
LiquidBrinX: Frictionless Cross-Chain Data Transfer. Now anyone can deploy a cross-blockchain token bridge to allow for asset transfers in between chains! LiquidBrinX blends together vRAM, LiquidOracles and LiquidScheduler to yield a smooth and secure interoperability solution for dApps. Proofen and working product today
LiquidAccounts: LiquidAccounts allows dApps to provide users with free accounts, created easily, by inputting simple, familiar details such as only a username and password. Eliminate onboarding difficulties with a solution that remains secure and trustless, all while being able to easily transition accounts to mainnet accounts when requested. Working and already integrated product today in dappacount.com and Project Phoenix
LiquidStorage: IPFS decentralized storage. Decentralized Storage for Files, Websites, and More. Proofen and working product today. Already integrated with Equilibrium EOSDT stablecoin and Project Phoenix
Liquid vRam: Alternative & Compatible Memory Solution. vRAM is an alternative memory solution for developers building blockchain dApps that is RAM-compatible, decentralized, and enables storing & retrieving of potentially unlimited amounts of data affordably and efficiently Working and already integrated product today with Moonlighting (700’000 users), Equilibrium EOSDT stablecoin and Project Phoenix
LiquidArchive: History API Provisioning Proofen and working product today
LiquidCrypto: LiquidCrypto service offer a whole suite of cryptographic algorithms from ECC, RSA signatures & encryptions to ZK-Snarks, Blind signatures Proofen and working product today. Already integrated in Project Phoenix
LiquidHarmony: Web/IBC/vCP/SQL Services Proofen and working product today
Liquid KMS: Key Management Service Proofen and working product today
LiquidSQL: decentralized databases. Proofen and working product today
LiquidBilling: Transaction signing service Proofen and working product today
LiquidDNS: DAPP Service Provider hosted DNS Service Proofen and working product today
LiquidLens: Read function service Proofen and working product today
LiquidRandomness: Easy, Secure Random Number Generation. Blockchains, by nature, exclude the possibility of easily obtaining truly random numbers for use in applications. As a result, numerous dApps have been gamed. Easily implement randomness without resorting to vulnerable, complex, or expensive methods Proofen and working product today
https://preview.redd.it/wvh77p7ry7951.png?width=650&format=png&auto=webp&s=6c9c5bfdbb1216e7c4585d870b9663fa60aa9858
LiquidEscrow: Today’s most successful centralized applications are popular because they are simple, trustworthy, and predictable. What if we could leverage Discord, the world’s largest internet gaming community, to bring millions of gamers a brand new experience on a platform that they already know and love? Team Onessus have harnessed the power of the DAPP network to offer these gamers something amazing: A Global Economic Esports Community, utilizing a new DAPP Network Service, which we call LiquidEscrow. Proofen and working product today
Project Phoenix (a Patreon-like dApp) is a showcase for mostly all the DAPP services and how you can use them. The code will soon be opensource on github. https://www.youtube.com/watch?v=y-VYlv73mqI

https://preview.redd.it/mpgnuppty7951.png?width=653&format=png&auto=webp&s=0e8c7de3d047a3e85b69545169a875146bcae609
#DAPPNetwork can be fast like EOSIO, it can be with sharding like Cosmos, it can be decentralized like Ethereum, it can be with IBC like BOS, it can be true multi-chain like polkadot, it can be encrypted like privacy coins (Soon maybe as well with Monero tech if PEOS project succeed and if DSP offer this services), it can be stored ONchain like Filecoin, it can use oracles like chainlink (but with low latency) – It offers TODAY what 7 blockchains or more combined would offer!


And now tell me again, whats your excuse that you are not using DAPPNetwork’s service’s and/or developing with Zeus SDK from LiquidApps.io?


Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1


Become a DSP: https://liquidapps.io/becoming-a-DSP
More information about all the services: https://liquidapps.io/news
DAPP talk videos with the liquidapps team: https://liquidapps.io/videos
Articles on medium: https://medium.com/the-liquidapps-blog
LiquidApps documentation: https://docs.liquidapps.io/en/v2.0/
SDK Zeus: https://liquidapps.io/zeus
Webinars & Walkthroughs: https://liquidapps.io/walkthroughs
Zeus documentation: https://docs.liquidapps.io/en/stable/developers/zeus-getting-started.html
Telegram Developers DAPPNetwork: https://t.me/dappnetworkdevs

DAPP Solutions offer DAPP Academy and help amazing projects get to market. Freemium Resource Model: https://dappsolutions.app/
Blockstart provide training, mentorship and connect blockchain enthusiasts to the tools and funding opportunities to make their ideas come true: https://blockstart.one/

LiquidApps invites bounty hunters, EOSIO and blockchain experts and hackers to search the DAPP Network’s codebase for vulnerabilities, flaws, and imperfections for a chance to earn a portion of up to 10,000,000 DAPP tokens available for this bounty (up to 1% of the total token supply)


Projegts using DAPPNetwork today:
DAPP Solutions are scaling Reddit with DAPPNetwork scaling services and LiquidLink
dappaccount.com uses liquidaccounts
The first custom integration from DAPPAccount is with Orcanic Community Market, who are using it to create blockchain accounts for every user on the platform to tokenize their membership and rewards program.
Moonlighting (700'000 users) uses vRAM and reduce onboarding costs from $2000 to $10 a day!
CoVax uses LiquidChains and LiquidLink/LiquidX
eosoptions.com uses LiquidOracles and LiquidScheduler which updates on average every 15 seconds!
Phoenix uses mostly all LiquidServices
Equilibrium EOSDT stablecoin integrated liquidOracles, liquidScheduler, liquidStorage and liquidvRam
Maybe upcoming projects (rumors, interviews, tweets, hackathon's, maybe's) using/integrating DAPPNetwork are:
Blockstart and DAPP Solutions partnered to solve real world business problems and bring blockchain to the masses with digital Signatures Blokument using DAPPAccount
deWeb.io plans to integrate vRam and LiquidAccounts to scale, maybe using LiquidX and LiquidLink to connect to other chains and maybe using LiquidOracles and LiquidStorage for many potential deWeb online services, built by 3rd party developers or in-house (Telegram)
Bancor maybe integrates liquidOracles once they create a new pool on EOS they said on Telegram
Team Aikon is hard at work utilizing LiquidAccounts to make seamless sign-in a reality
Onessus plans to integrate LiquidChains and LiquidRandomness (Telegram) in HodlGod (Battle royale title, just like Fortnite - today running on WAX blockchain)
Hackathon project The Global Economic ESports Community & LiquidEscrow invented LiquidEscrow service
Hackathon project EOS Resource Lending on Centralized Exchange (CEX) using liquidAccounts, liquidOracles and liquidvRam
Hackathon project Liquid Galaxy Massive Multiplayer Online Role-Playing Game using liquidOracles, liquidScheduler, liquidvCPU, liquidLink
Hackathon project Rekt.Land blockchain-based board game using liquidAccounts, liquidStorage and liquidLink
Everipedia‘s maybe integrates liquidOracles for its IQ digital asset
Effect.ai project maybe become a service provider or could use DAPPAccounts in future
Vigor Project maybe integrates liquidOracles
And for sure there are many projects and ideas on development with LiquidApps team, Dapp Solutions team, Blockstarts team and others we don't know anything about yet...

Read some more interesting articles
- Who will achieve DeFi’s Holy Grail with Real-Time Gross Settlement, High Throughput and Long-Term Storage On The DAPP Network
- How could the DAPP Network evolve the Multi-Billion Cloud Computing Industry
- How DAPPNetwork will create distributed hubs of functionality, liquidity, and data across multiple decentralized networks - DAPP Network Is the perfect glue between chains
submitted by CryptoDae to CryptoCurrencies [link] [comments]

Official ColossusXT Q2 2020 AMA!

Official ColossusXT Q2 2020 AMA!
Welcome to the 10th official ColossusXT AMA! As we move into the 2nd half of 2020 we can look back and see how blockchain as a whole is moving forward, and we've seen how COVID-19 has affected the world globally. It's been interesting to hear from the community how it has affected everyone all over the world. Certainly ColossusXT has been affected along with many other blockchain projects, but since the entire team has been working remotely from all of the world from the start, the affect directly to us has been minimal.
Moving forward into 2020 we will be updating the roadmap, providing more social activities for the community to participate in, as many have participated in the Armis beta, and helping us resolve some bugs within the mobile wallet which is back up and running thanks to many of the dedicated community members. We will be listed on tokens.net, and will continue to bring alternative trading opportunities to the community, if there are certain exchanges you're interested in please don't hesitate to shout them at us here, and shout ColossusXT #COLX $COLX on social media. 2020 is sure to be an exciting year and we look forward to your questions. This is your opportunity to publicly gripe at us, or ask us any direct question about development, business, and/or financial progress of ColossusXT and the Colossus Grid.

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This AMA will start on 10 June and end on 30 June.
The team will review and answer your questions no later than 10 July.
Before the AMA begins, everyone from the community can ask questions on this page and upvote/downvote according to your interest.
Rules:
Please do not reply to other user's questions until the team has answered. Try to be precise with your questions and be polite.
Contest: One person who asks a question will be chosen to receive 100,000 ColossusXT (COLX) and a ColossusXT T-Shirt!

ColossusXT (COLX) Ask Me Anything

ColossusXT AMA Shirt
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About ColossusXT (COLX):
ColossusXT is an open source, community-driven, environmentally conscious cryptocurrency and an alternative to bitcoin that features better anonymity. It allows people to store and invest their wealth in a non-government controlled currency and make almost instantaneous and completely anonymous transfers with close to zero fees. Colossuscoin V1 was founded as an long-standing, energy-efficient and environmentally friendly digital cryptocurrency and this concept is being continued.
Question format can be seen below:
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Q: What is the Colossus Grid?
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A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of Armis (I2P). These features will protect end user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Why does your blockchain exist and what makes it unique?
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A: ColossusXT exists to provide an energy efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through obfuscation, and Armis (I2P) these will protect users of the Colossus Grid as they utilize grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video and audio streams-all will be reborn as services that live in cyberspace, assembling and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
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Interested in joining the ColossusXT team?
Contribute an Idea!
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

The future of dApp development. The end of blockchain tribalism

The future of dApp development. The end of blockchain tribalism
If you are a dApp developer this is a must read!
As all the blockchains have their advantages and disadvantages there is no blockchain which will rule them all. Each blockchain will get congested as soon there are too much “mass adoption” dApps on it, which actually getting used. One blockchain is more decentralized, another more performant.
The solution are decentralized services which are validated and 100% ONchain. A platform layer where dApps can choose what they need, without important trade-offs for their applications. And everybody who want to offer a service, can offer them as a Service Provider. The DAPP services are the new (Amazon) Web Services but decentralized, affordable and for blockchains. Today the DAPP Network counts already 35 DSP’s (DAPP Service Providers) offering 120 services (packages) and counting…
The Internet of Blockchains - Enabled by the Universal Middleware of the DAPP Network
The DAPP Network is the first solution which offers this kind of decentralized services. And with the Chintai.io DAPP Resource Exchange where developers can rent DAPP tokens for an affordable price for 30 days, they can pay monthly with a ‘pay-as-you-go” model for their resources and scale their dApps step by step. And it doesn’t make a difference if it’s a new developed dApp or if somebody want to use services for an already existing dApp. If the dApp already exists on a specific blockchain, it can stay on that blockchain and nonetheless use services or scale without tradeoffs. No need any more to change to another blockchain thanks to LiquidLink.
What do you think will happen to the crypto space when companies and big enterprises start to realize that they are independent of any specific blockchain and that they can scale/tokenize their dApps 100% ONchain to an affordable price to mass adoption without any tradeoffs?
Get/Buy DAPP tokens on Bancor.network or Newdex.io before big exchanges start to list DAPP. Today DAPP is worth 0.015$ per token. The concept is in my opinion a breakthrough! Just think about Chainlink is today around 5$ per token. And Chainlink is offering only one service (oracles) which DAPPNetwork offers.
With Zeus SDK LiquidApps.io offers an open source plug and play development platform/middleware. Github: https://github.com/liquidapps-io

Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1 Team DAPP Solutions is actively engaged in the Great Reddit Scaling Bakeoff, if you have an interest in joining this initiative, reach out to http://dappsolutions.app to collaborate
If you have questions get in contact with LiquidApps team! They and Beni Hakak personally will support and help you that your dApp will stay affordable for you and have the best chance to get successful!


Working services today, offered by multiple DSP’s to choose from, 100% all ONchain, are:
LiquidLink: LiquidLink allows you to connect your dApp to assets, actions, and applications on any blockchain you want (Bitcoin, Ethereum, EOSIO chains like EOS, WAX, Worbli, Ultra, Telos, BOS, …). Working and integrated product today
LiquidX: LiquidX enables dApps to run on the blockchain of their choice and still enjoy all of the benefits of using DAPP Network services Working and integrated product today
More chains (Neo, Tron, Hyperledger, Hedera, Tezos, Cosmos, Cardano, Polkadot, Solana) can/could be added in the future.
Proofen link to Ethereum and EOSIO chains. Already integrated in CoVax and Project Phoenix.
LiquidChains: Blockchain as a Service with unprecedented customizability. Your Chain, Your Choice! LiquidChains are fast, easy, fully customizable blockchains for your project, running on the popular proof of work or proof of stake consensus mechanisms. Each LiquidChain comes out of the box with the full suite of DAPP Network services ready for use. Working and integrated product today
https://preview.redd.it/z5vsvlzah0951.png?width=1676&format=png&auto=webp&s=90a2b57c8e2d327366d5aca138b495033812a298
Sharding: With LiquidChains developers can now spin up feature-rich, custom shards in minutes and seamlessly connect it to a public network (if they want to.) If you’re an Ethereum developer that needs to scale right now, get in touch with the LiquidApps team about harnessing LiquidChains to create a custom shard for your dApp! Working product today
Liquid vCPU: Boundless Computational Power. With vCPU, your application can offload intense computing work to the distributed DAPP Network. Working product today
https://preview.redd.it/oamcqz1pcy851.png?width=1291&format=png&auto=webp&s=90742ce7bc7922dbc3619291052d1c2d25cb4d9d
LiquidOracles: Choose from different DSP’s low latency oracle services. LiquidOracles stands out by keeping SLAs and data verification on chain, protecting you from the risks of malicious or accidental failure. Protect your data streams from being modified by malicious parties. Decentralized and trustless, without needing a separate blockchain. LiquidOracles are a more generalized and flexible solution than other oracle solutions like Chainlink. They also do not have any limitations with gas fees or block times. For example, EOS Options (on Kylin) is currently calling multiple price feeds every 15 seconds using LiquidOracles and have also tweeted recently about their plans to update their oracle feeds every 1 second. Things like that just aren’t possible on Ethereum at this time. Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
DSPs (dApp Service Providers) could integrate Chainlinks as part of their data feeds, and Chainlink could utilize the DAPP Network to gain some additional advantages. Chainlink and DAPPNetwork are better together
LiquidScheduler: Set timed events. Free up resources when users become inactive. Schedule regular checks of data sources. Take advantage of options to make your application more resistant to unreliable providers and infrastructure failures. It’s a Cron-Like Task Scheduler Example: regularly update from oracle feed (Example all 15 seconds) Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
LiquidBrinX: Frictionless Cross-Chain Data Transfer. Now anyone can deploy a cross-blockchain token bridge to allow for asset transfers in between chains! LiquidBrinX blends together vRAM, LiquidOracles and LiquidScheduler to yield a smooth and secure interoperability solution for dApps. Proofen and working product today
LiquidAccounts: LiquidAccounts allows dApps to provide users with free accounts, created easily, by inputting simple, familiar details such as only a username and password. Eliminate onboarding difficulties with a solution that remains secure and trustless, all while being able to easily transition accounts to mainnet accounts when requested. Working and already integrated product today in dappacount.com and Project Phoenix
LiquidStorage: IPFS decentralized storage. Decentralized Storage for Files, Websites, and More. Proofen and working product today. Already integrated with Equilibrium EOSDT stablecoin and Project Phoenix
Liquid vRam: Alternative & Compatible Memory Solution. vRAM is an alternative memory solution for developers building blockchain dApps that is RAM-compatible, decentralized, and enables storing & retrieving of potentially unlimited amounts of data affordably and efficiently Working and already integrated product today with Moonlighting (700’000 users), Equilibrium EOSDT stablecoin and Project Phoenix
LiquidArchive: History API Provisioning Proofen and working product today
LiquidCrypto: LiquidCrypto service offer a whole suite of cryptographic algorithms from ECC, RSA signatures & encryptions to ZK-Snarks, Blind signatures Proofen and working product today. Already integrated in Project Phoenix
LiquidHarmony: Web/IBC/vCP/SQL Services Proofen and working product today
Liquid KMS: Key Management Service Proofen and working product today
LiquidSQL: decentralized databases. Proofen and working product today
LiquidBilling: Transaction signing service Proofen and working product today
LiquidDNS: DAPP Service Provider hosted DNS Service Proofen and working product today
LiquidLens: Read function service Proofen and working product today
LiquidRandomness: Easy, Secure Random Number Generation. Blockchains, by nature, exclude the possibility of easily obtaining truly random numbers for use in applications. As a result, numerous dApps have been gamed. Easily implement randomness without resorting to vulnerable, complex, or expensive methods Proofen and working product today
https://preview.redd.it/6j0qdtovcy851.png?width=1416&format=png&auto=webp&s=ba1b715a6c4787b4976257d41157455f7fae56d4
LiquidEscrow: Today’s most successful centralized applications are popular because they are simple, trustworthy, and predictable. What if we could leverage Discord, the world’s largest internet gaming community, to bring millions of gamers a brand new experience on a platform that they already know and love? Team Onessus have harnessed the power of the DAPP network to offer these gamers something amazing: A Global Economic Esports Community, utilizing a new DAPP Network Service, which we call LiquidEscrow. Proofen and working product today
Project Phoenix (a Patreon-like dApp) is a showcase for mostly all the DAPP services and how you can use them. The code will soon be opensource on github. https://www.youtube.com/watch?v=y-VYlv73mqI

https://preview.redd.it/pwt8zo01t0951.png?width=1267&format=png&auto=webp&s=94758021afded24859e3ff0310bd078a9e63f02b
#DAPPNetwork can be fast like EOSIO, it can be with sharding like Cosmos, it can be decentralized like Ethereum, it can be with IBC like BOS, it can be true multi-chain like polkadot, it can be encrypted like privacy coins (Soon maybe as well with Monero tech if PEOS project succeed and if DSP offer this services), it can be stored ONchain like Filecoin, it can use oracles like chainlink (but with low latency) – It offers TODAY what 7 blockchains or more combined would offer!


And now tell me again, whats your excuse that you are not using DAPPNetwork’s service’s and/or developing with Zeus SDK from LiquidApps.io?


Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1

Become a DSP: https://liquidapps.io/becoming-a-DSP
More information about all the services: https://liquidapps.io/news
DAPP talk videos with the liquidapps team: https://liquidapps.io/videos
Articles on medium: https://medium.com/the-liquidapps-blog
LiquidApps documentation: https://docs.liquidapps.io/en/v2.0/
SDK Zeus: https://liquidapps.io/zeus
Webinars & Walkthroughs: https://liquidapps.io/walkthroughs
Zeus documentation: https://docs.liquidapps.io/en/stable/developers/zeus-getting-started.html
Telegram Developers DAPPNetwork: https://t.me/dappnetworkdevs

DAPP Solutions offer DAPP Academy and help amazing projects get to market. Freemium Resource Model: https://dappsolutions.app/
Blockstart provide training, mentorship and connect blockchain enthusiasts to the tools and funding opportunities to make their ideas come true: https://blockstart.one/

LiquidApps invites bounty hunters, EOSIO and blockchain experts and hackers to search the DAPP Network’s codebase for vulnerabilities, flaws, and imperfections for a chance to earn a portion of up to 10,000,000 DAPP tokens available for this bounty (up to 1% of the total token supply)


Projegts using DAPPNetwork today:
DAPP Solutions are scaling Reddit with DAPPNetwork scaling services and LiquidLink
dappaccount.com uses liquidaccounts
The first custom integration from DAPPAccount is with Organic Community Market, who are using it to create blockchain accounts for every user on the platform to tokenize their membership and rewards program
Moonlighting (700'000 users) uses vRAM and reduce onboarding costs from $2000 to $10 a day!
CoVax uses LiquidChains and LiquidLink/LiquidX
eosoptions.com uses LiquidOracles and LiquidScheduler which updates on average every 15 seconds!
Phoenix uses mostly all LiquidServices
Equilibrium EOSDT stablecoin integrated liquidOracles, liquidScheduler, liquidStorage and liquidvRam
Maybe upcoming projects (rumors, interviews, tweets, hackathon's, maybe's) using/integrating DAPPNetwork are:
Blockstart and DAPP Solutions partnered to solve real world business problems and bring blockchain to the masses with digital Signatures Blokument using DAPPAccount
deWeb.io plans to integrate vRam and LiquidAccounts to scale, maybe using LiquidX and LiquidLink to connect to other chains and maybe using LiquidOracles and LiquidStorage for many potential deWeb online services, built by 3rd party developers or in-house (Telegram)
Bancor maybe integrates liquidOracles once they create a new pool on EOS they said on Telegram
Team Aikon is hard at work utilizing LiquidAccounts to make seamless sign-in a reality
Onessus plans to integrate LiquidChains and LiquidRandomness (Telegram) in HodlGod (Battle royale title, just like Fortnite - today running on WAX blockchain)
Hackathon project The Global Economic ESports Community & LiquidEscrow invented LiquidEscrow service
Hackathon project EOS Resource Lending on Centralized Exchange (CEX) using liquidAccounts, liquidOracles and liquidvRam
Hackathon project Liquid Galaxy Massive Multiplayer Online Role-Playing Game using liquidOracles, liquidScheduler, liquidvCPU, liquidLink
Hackathon project Rekt.Land blockchain-based board game using liquidAccounts, liquidStorage and liquidLink
Everipedia‘s maybe integrates liquidOracles for its IQ digital asset
Effect.ai project maybe become a service provider or could use DAPPAccounts in future
Vigor Project maybe integrates liquidOracles
And for sure there are many projects and ideas on development with LiquidApps team, Dapp Solutions team, Blockstarts team and others we don't know anything about yet...

Read some more interesting articles
- Who will achieve DeFi’s Holy Grail with Real-Time Gross Settlement, High Throughput and Long-Term Storage On The DAPP Network
- How could the DAPP Network evolve the Multi-Billion Cloud Computing Industry
- How DAPPNetwork will create distributed hubs of functionality, liquidity, and data across multiple decentralized networks - DAPP Network Is the perfect glue between chains
submitted by CryptoDae to eos [link] [comments]

What prevents state actors from proxying millions (USD) to mining pools to launch a 51% attack.

Update

u/cointastical made some awesome arguments about a POW fork being pre-baked and ready as a "break glass" emergency roll-out. This HAS been done before BTW. Another great idea about having a grass-roots campaign for everyone to use the invalidateblock command on their node to nullify the attack. Again done before, though on another coin.
Assuming that there exists some subset of miners that work completely to their own self interests and without any greater good or altruistic motives, how would you foresee the following dystopian fiction play out.
By rough estimates about 80% (proof tbd) of the bitcoin network mining exists in mining pools. These pools compete in a free market to entice independent miners to join their pool. The rates are paid in BTC per TH/s. The current price to "rent" the entire bitcoin networks pooled mining resources is about $9 to $10 million / day (proof). This is entirely within the budget of state actors, even the $3 billion to rent the bitcoin network for an entire year doesn't sound far fetched when considering government spending.
So if a state actor (government) were to partner with some established mining pool they could subsidize that pool to offer unrealistically high rates to entice more and more miners (in their self interest) to join their pool.
Once they reach majority (51%) they could exclude blocks from other small independent mining pools tilting the tables more in their favor. These early attacks would create long (25 block) reorgs (proof), but eventually, as they gained more market, they could make the attacks pretty quick. Each attack could exclude blocks from a 1% pool, 2% pool, and so-forth till they attack 1/3 (33%) of the miners at which point they control the whole network (proof tbd).
So assuming miners work in their own self interest, why wouldn't they join this obviously evil mining pool if that pool was offering 50% above market rate for their mining power compared to competitors?
submitted by brianddk to Bitcoin [link] [comments]

Pls read this first before you post (FAQ)

What is airdropsGiveaways ?

A list of real, valuable crypto airdrops, giveaways, sweepstakes and competition's

Welcome to our channel, a free source that presents the world’s most current and legitimate cryptocurrency airdrops. I verify and aggregate airdrops and bounties daily to bring you the most recent and profitable earning opportunities. Choose an airdrop and follow the instructions provided to claim free crypto tokens!

Rules

Please follow the rules if you make a post:
• Make your titles as descriptive as possible • Post the same link Only 1 time, if you want to repost it pls wait 24hours • No url shortener

Why are crypto projects and ICOs giving away coins for free?

Cryptocurrencies only hold value because people believe in them and recognize their worth. The more people who own a cryptocurrency, the more likely it is to become widely adopted and rise in value. Airdrops are effective due to the endowment effect, a phenomenon in which people will ascribe value to things merely because they own them.
By executing a bounty airdrop, a startup can create mass awareness about their project, token sale or pre-ICO with minimal cost to them. Social media campaigns allow the project to become visible to people who would otherwise never recognize its existence. Airdrops can also create a vast network of users who are motivated to push a project’s success by doing things together like winning community votings for exchange listings.
By rewarding token owners with free airdrops, projects can also encourage users to hold (HODL) their coin for the long-term. This can effectively lower the selling pressure of the coin. Holder airdrops have been a popular tactic amongst some of the most successful crypto projects, like NXT, WAVES, Bitcore and more.

How do I claim airdrops?

The claim process differs from project to project. Some “holder drops” will drop tokens automatically into the wallets of users who own a specific coin. Other projects are snapshot based, and can only be claimed by users who held the required token during the snapshot, which is a record of token holders taken at a specific time/block.
An example of a holder airdrop is Byteball, which was initially distributed to Bitcoin holders. They also airdropped a monthly amount of Bytes into the wallets of Byteball holders proportional to the amount of BTC/GBYTE that they held during the drop. These types of drops can create excitement which often results in significant price action for the particular coin.
For taking part in bounty airdrops, you will likely need active accounts on social media sites such as Facebook, Twitter, and Telegram. You should also have a Bitcointalk.org account, as some drops require participants to post proof of ownership in the forum threads. Most bounty drops will require you to join a Telegram group and share posts on Facebook and Twitter. After completing the steps to reserve rewards, you will often need to fill out a form with your usernames and wallet address.

Popular Airdrops

The following cryptocurrencies were initially distributed for free:
• Byteball • Stellar Lumens • ARDR • NEM
Participants with strong hands were able to generate notable wealth by merely holding these airdropped coins through their volatile growth. We highly recommend to hodl your airdrops as long as possible. There is no doubt that the majority of crypto projects out there are worthless and they will fall to zero, but we bring you projects in which we see future potential. Some of these projects will be very successful, and if you decide to hold onto their tokens, your future self will be thankful.

Disclaimer

Although we strive to list only legitimate projects, we are not responsible for any problems or losses caused by scams or inaccurate information. Make sure you never share your private keys!
submitted by FoxXxNews to AirdropsGiveaways [link] [comments]

Deep fundamental reasons behind all conflicts with Tezos Foundation

Let's first take a look at two core ideas behind Tezos protocol:
  1. In Bitcoin protocol, there are those who create blocks (miners) and users. Those are two fundamentally different groups. As a result of that they do have fundamentally different interests. When those interests are aligned, it's all work very well. However, sometimes those interests might get misaligned. Miners might want one set of changes in the protocol while users might want another set of changes. Tezos procotol solves this problem via proof of stake's baking mechanism by allowing users of XTZ to become block creators (like miners in Bitcoin protocol). Users/holders of XTZ and block creators are now fundamentally the same group and therefore there is no interest misalignment. Moreover, as a consequence of choosing proof of stake over proof of work, almost anyone can become a baker at low cost. Of course, there is a minimum requirement but it can be easily reduced through voting if price XTZ goes too high;
  2. Although per (1) problem of misalignment between users and miners solved, Tezos protocol make one step further. Namely, there is self-amending mechanisms in protocol. Through of the set of voting rounds, attached bounties (via dillution), there is a deterministic path to resolve disputes in upgrading Tezos protocol. Nobody knows the future, nobody knows how protocol should look like after 5-10-20 years. That's why it's very important to have self-amending procedure. Without deterministic path to protocol upgrade, you will have fork-wars like in Bitcoin. As a result of these fork-wars, you now have Bitcoin, Bitcoin Cash, Bitcoin SV. Also, with built-in bounties via dillution, Tezos protocol guarantees funding for its further development;
There is third core idea behind Tezos protocol. Namely, formal verification friendly, low-level and explicit smart contract language - Michelson. While it's very important feature, it's not relevant for this discussion.
Now imagine you are going back in time when Tezos protocol isn't implemented yet, only draft whitepaper. How would you bring it to life if you were original author?
If there were no crypto-currencies, then all you have to do is to take time and implement minimum viable product (MVP) on your own. May be you might do it with co-founder but it's not really necessary for releasing the first version of protocol in absence of any competition.
However, the field was already crowded and time works against you. It would be necessary for project's survival to be as fast as possible in such dynamic field. You need to raise funds to hire dozen of strong programmers to implement Tezos protocol and on top of that to fund development of ecosystem in Tezos network. Namely, wallets, higher-level languages on top of low-level Michelson, education materials for future smart contract writers, new projects similar to 0x, Maker, Compound, Cryptokitties etc.
Now, I would like you to make a pause and think what is Tezos protocol. It tries to align incentives of parties using game-theoretic constructs! And now, I would like you to make second pause and think what crypto-currencies are all about in broader sense. Crypto-currencies are about eliminating centralization and unnecessary middle-mans. One of the biggest middle-mans is governments and their legal system.
People who are in the space for long time should know how much crypto-currencies influenced by Austrian School of Economics (read Hayek's book "Denationalization Of Money" (1976) and early Satoshi Nakamoto's posts).
With that in mind (spirit behind Tezos and crypto-currencies in general), how would you fund development of Tezos protocol and later its initial ecosystem?
The correct answer is to setup decentralized autonomus organization (DAO). Initial DAO on Ethereum protocol since you don't have any Tezos protocol implementations (remember, we are still back in time!).
This DAO will be used to develop Tezos protocol itself and leverage power of smart contracts to correctly align incentives for development of Tezos protocol. Namely, backers of this DAO would get ERC20 token representing voting and governance power. For example, let's say founders raised 250M USD worth in ETH and all of these money will be locked in smart contract. Only backers can unlock funds from smart contract by tranches as Tezos protocol developers making progress. It would be similar to traditional world - seed round, round A, round B etc. When Tezos mainnet goes live, backers would receive proportional amount of XTZ as their ERC20 voting tokens on Ethereum. Since that initial DAO would still have tons of ETH locked by the time Tezos mainnet released, those proceeds will be used to fund wallet developers, high-language developers, and so on (via voting by backers of course).
In this scenario, I would envision that the first big project after Tezos mainnet launched would be to build trustless, decentralized bridge between Tezos blockchain and Ethereum blockchain. Simply, because it would be good to migrate intial DAO and its ETH funds into Tezos blockchain.
There are only two downsides with this approach:
  1. You can't raise funds in Bitcoin but who cares if it's 100M or even 50M (still huge amount of money);
  2. Many people in crypto-space will make fun of you because you just setup DAO on Ethereum while developing Ethereum competitor;
Neither of these two downsides is important. Ultimate upside is that backers has direct control over how funds are spent because they would be the only ones who can unlock funds by voting for proposals.
On meta-level, you would have beautiful symmetry. Namely, you develop Tezos protocol and its ecosystem, using the similar ideas and spirit as Tezos protocol itself!
But we all know that it was never happened!
We all know drama with Gevers who tried to capture power at Tezos Foundation. We all know that there is no RPC command in Tezos github to vote out Tezos Foundation members ;) We all know that we are not in control of Tezos Foundation. Tezos Foundation is a swiss non-profit organization with its own board and we are not part of it. Tezos Foundation is govern under Swiss law and most of you are not even Swiss citizens.
Here is the question why Breitmans suddently decided to throw away all fundamental principles behind crypto-currencies and just went all-in with traditional world? Why we all got stuck with our own mini-Washington, namely Tezos Foundation? There is one reason why Breitmans decided to throw away all their principles and stick with this strange scheme involving Swiss foundations.
The reason is ... socialism. You might think I'm joking but stay with me. There were roaring 1920s and following 1929 stock market crash (by the way that was actually caused by government creating credit bubble). Republican (but still a socialist) Herbert Hoover created depression from 1929 crash. Franklin Roosevelt made this depression truly great! He imposed price-controls and outright gold confiscation (check "Executive Order 6102"). One of his most terrible pieces of paternalistic socialist legislation was "Securities Act of 1933". And this is the reason why Breitmans tried so hard escape iron hand of Roosevelt's zombie.
The same month as Tezos fundraiser, SEC issued statement about the most famous Ethereum DAO:
https://www.sec.gov/news/press-release/2017-131
https://www.sec.gov/litigation/investreport/34-81207.pdf
Basically, they tried to say that DAO violated their 1933 Securities Act (aka Roosevelt zombie). I'm not claiming that Breitmans anticipated this exact SEC statement about Ethereum DAO. All I'm saying that they are smart enough to understand that SEC might come after them as well. It doesn't matter if SEC had right to do so. It doesn't matter that XTZ is not security at all. Only people outside of hardcore old school crypto-community would believe in such non-sense as rights. The truth is that any government is essentially an army which controls a territory and they (not you!) decide what they think is right or wrong.
Breitmans knew that SEC might chase them with bloody machete, so they decided to play traditional game which many played when Switzerland still had numbered accounts. Namely, using Switzerland as old-style traditional escape from Roosevelt zombies.
Unfortunately, for them they got in hands of people who knew too well how actually Swiss foundations work. We all remember how Gevers tried to exploit Swiss law about foundations to seize control over foundation's assets. Now we have new drama. But fundamentally, it's all because Breitmans choose Swiss law over Ethereum smart-contracts.
Don't get me wrong, I'm not blaming Breitmans. I really think that their fear of Roosevelt zombie with bloody machete led them to setup weird foundation in Switzerland. In normal circumstances, I don't see any rational reason not to setup DAO as I described above.
Zooming out, on the bigger scale, you might see that these two worlds (i.e. traditional government law and crypto) are not compatible at all. You just can't have both of two worlds.
For the same reason, I don't believe in STOs. It's a nice toy, a temporary thing to bootstrap your Defi ecosystem in Tezos but nothing more than that.
Every STO, at some point, rely on some centralized entity which is controlled by law of some jurisdiction. Once government (aka army which control territories and make visibility of its own legitimacy via elections and passing laws) decides that your STO is not compliant, all these STO tokens will be worthless overnight. More on this in my another long post:
https://www.reddit.com/MakerDAO/comments/de0sys/kyc_is_absolutely_not_acceptable_for_makerdao/
Regardless of what's happen with Tezos Foundation, I strongly believe that Tezos protocol will thrive. Mainnet went life and the jinn that can't be put back in the bottle!
Update: Many here criticized my position regarding STOs. That's partly my fault with being too lax with terminology (once I wrote big post, I didn't have much energy to clarify on STOs in the end). By STO, I mean any tokens backed by regulated assets (again, I know it's lax definition). I assumed almost everyone here is for open, borderless finance. As a result of that, I assumed that you want to make these tokens available for everyone and that's why one day government will put pressure on such STO issuers to freeze tokens. However, it's turned out that some people excited for STOs being fully regulated from the start and therefore these tokens wouldn't be available for everyone. Basically, some people see main benefits of STOs as being pro-actively censorship friendly. In other words, they want to move all compliance on blockchain. Whereas, I see very existence of government regulations as root of all problems. Having said that, I'm not against STOs but I'm not very excited about them either. You have to make great mental leap to understand that fully-regulated STOs fundamentally solving wrong problem. You have to build fully censorship resistant technology, not fully censorship friendly. No matter how big market for STOs, it's still several orders of magnitude smaller than potential world of fully-inclusive finance without any borders whatsoever. Tezos is very well equipped for this ambitious task especially with new privacy features coming. Remember, Satoshi Nakamoto didn't ask permission from governments before releasing Bitcoin.
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/r/Scams Common Scam Master Post

Hello visitors and subscribers of scams! Here you will find a master list of common (and uncommon) scams that you may encounter online or in real life. Thank you to the many contributors who helped create this thread!

If you know of a scam that is not covered here, write a comment and it will be added to the next edition.

Previous threads: https://old.reddit.com/Scams/search?q=common+scams+master+post&restrict_sr=on
Blackmail email scam thread: https://old.reddit.com/Scams/comments/g8jqnthe_blackmail_email_scam_part_5//
Some of these articles are from small, local publications and refer to the scam happening in a specific area. Do not think that this means that the scam won't happen in your area.

Spoofing

Caller ID spoofing
It is very easy for anyone to make a phone call while having any number show up on the caller ID of the person receiving the phone call. Receiving a phone call from a certain number does not mean that the person/company who owns that number has actually called you.
Email spoofing
The "from" field of an email can be set by the sender, meaning that you can receive scam emails that look like they are from legitimate addresses. It's important to never click links in emails unless absolutely necessary, for example a password reset link you requested or an account activation link for an account you created.
SMS spoofing
SMS messages can be spoofed, so be wary of messages that seem to be from your friends or other trusted people.

The most common scams

The fake check scam (Credit to nimble2 for this part)
The fake check scam arises from many different situations (for instance, you applied for a job, or you are selling something on a place like Craigslist, or someone wants to purchase goods or services from your business, or you were offered a job as a mystery shopper, you were asked to wrap your car with an advertisement, or you received a check in the mail for no reason), but the bottom line is always something like this:
General fraudulent funds scams If somebody is asking you to accept and send out money as a favour or as part of a job, it is a fraudulent funds scam. It does not matter how they pay you, any payment on any service can be fraudulent and will be reversed when it is discovered to be fraudulent.
Phone verification code scams Someone will ask you to receive a verification text and then tell you to give them the code. Usually the code will come from Google Voice, or from Craigslist. In the Google version of the scam, your phone number will be used to verify a Google Voice account that the scammer will use to scam people with. In the Craigslist version of the scam, your phone number will be used to verify a Craigslist posting that the scammer will use to scam people. There is also an account takeover version of this scam that will involve the scammer sending a password reset token to your phone number and asking you for it.
Bitcoin job scams
Bitcoin job scams involve some sort of fraudulent funds transfer, usually a fake check although a fraudulent bank transfer can be used as well. The scammer will send you the fraudulent money and ask you to purchase bitcoins. This is a scam, and you will have zero recourse after you send the scammer bitcoins.
Email flooding
If you suddenly receive hundreds or thousands of spam emails, usually subscription confirmations, it's very likely that one of your online accounts has been taken over and is being used fraudulently. You should check any of your accounts that has a credit card linked to it, preferably from a computer other than the one you normally use. You should change all of your passwords to unique passwords and you should start using two factor authentication everywhere.
Boss/CEO scam A scammer will impersonate your boss or someone who works at your company and will ask you to run an errand for them, which will usually be purchasing gift cards and sending them the code. Once the scammer has the code, you have no recourse.
Employment certification scams
You will receive a job offer that is dependent on you completing a course or receiving a certification from a company the scammer tells you about. The scammer operates both websites and the job does not exist.
Craigslist fake payment scams
Scammers will ask you about your item that you have listed for sale on a site like Craigslist, and will ask to pay you via Paypal. They are scamming you, and the payment in most cases does not actually exist, the email you received was sent by the scammers. In cases where you have received a payment, the scammer can dispute the payment or the payment may be entirely fraudulent. The scammer will then either try to get you to send money to them using the fake funds that they did not send to you, or will ask you to ship the item, usually to a re-shipping facility or a parcel mule.
General fraudulent funds scams The fake check scam is not the only scam that involves accepting fraudulent/fake funds and purchasing items for scammers. If your job or opportunity involves accepting money and then using that money, it is almost certainly a frauduent funds scam. Even if the payment is through a bank transfer, Paypal, Venmo, Zelle, Interac e-Transfer, etc, it does not matter.
Credit card debt scam
Fraudsters will offer to pay off your bills, and will do so with fraudulent funds. Sometimes it will be your credit card bill, but it can be any bill that can be paid online. Once they pay it off, they will ask you to send them money or purchase items for them. The fraudulent transaction will be reversed in the future and you will never be able to keep the money. This scam happens on sites like Craigslist, Twitter, Instagram, and also some dating sites, including SeekingArrangement.
The parcel mule scam
A scammer will contact you with a job opportunity that involves accepting and reshipping packages. The packages are either stolen or fraudulently obtained items, and you will not be paid by the scammer. Here is a news article about a scam victim who fell for this scam and reshipped over 20 packages containing fraudulently acquired goods.
The Skype sex scam
You're on Facebook and you get a friend request from a cute girl you've never met. She wants to start sexting and trading nudes. She'll ask you to send pictures or videos or get on webcam where she can see you naked with your face in the picture. The scam: There's no girl. You've sent nudes to a guy pretending to be a girl. As soon as he has the pictures he'll demand money and threaten to send the pictures to your friends and family. Sometimes the scammer will upload the video to a porn site or Youtube to show that they are serious.
What to do if you are a victim of this scam: You cannot buy silence, you can only rent it. Paying the blackmailer will show them that the information they have is valuable and they will come after you for more money. Let your friends and family know that you were scammed and tell them to ignore friend requests or messages from people they don't know. Also, make sure your privacy settings are locked down and consider deactivating your account.
The underage girl scam
You're on a dating site or app and you get contacted by a cute girl. She wants to start sexting and trading nudes. Eventually she stops communicating and you get a call from a pissed off guy claiming to be the girl's father, or a police officer, or a private investigator, or something else along those lines. Turns out the girl you were sexting is underage, and her parents want some money for various reasons, such as to pay for a new phone, to pay for therapy, etc. There is, of course, no girl. You were communicating with a scammer.
What to do if you are a victim of this scam: Stop picking up the phone when the scammers call. Do not pay them, or they will be after you for more money.
Phishing
Phishing is when a scammer tries to trick you into giving information to them, such as your password or private financial information. Phishing messages will usually look very similar to official messages, and sometimes they are identical. If you are ever required to login to a different account in order to use a service, you should be incredibly cautious.
The blackmail email scam The exact wording of the emails varies, but there are generally four main parts. They claim to have placed software/malware on a porn/adult video site, they claim to have a video of you masturbating or watching porn, they threaten to release the video to your friends/family/loved ones/boss/dog, and they demand that you pay them in order for them to delete the video. Rest assured that this is a very common spam campaign and there is no truth behind the email or the threats. Here are some news articles about this scam.
The blackmail mail scam
This is very similar to the blackmail email scam, but you will receive a letter in the mail.
Rental scams Usually on local sites like Craigslist, scammers will steal photos from legitimate real estate listings and will list them for rent at or below market rate. They will generally be hesitant to tell you the address of the property for "safety reasons" and you will not be able to see the unit. They will then ask you to pay them a deposit and they claim they will ship you the keys. In reality, your money is gone and you will have no recourse.
Craigslist vehicle scams A scammer will list a vehicle on Craigslist and will offer to ship you the car. In many cases they will also falsely claim to sell you the car through eBay or Amazon. If you are looking for a car on Craigslist and the seller says anything about shipping the car, having an agent, gives you a long story about why they are selling the car, or the listing price is far too low, you are talking to a scammer and you should ignore and move on.
Advance-fee scam, also known as the 419 scam, or the Nigerian prince scam. You will receive a communication from someone who claims that you are entitled to a large sum of money, or you can help them obtain a large sum of money. However, they will need money from you before you receive the large sum.
Man in the middle scams
Man in the middle scams are very common and very hard to detect. The scammer will impersonate a company or person you are legitimately doing business with, and they will ask you to send the money to one of their own bank accounts or one controlled by a money mule. They have gained access to the legitimate persons email address, so there will be nothing suspicious about the email. To prevent this, make contact in a different way that lets you verify that the person you are talking to is the person you think you are talking to.
Cam girl voting/viewer scam
You will encounter a "cam girl" on a dating/messaging/social media/whatever site/app, and the scammer will ask you to go to their site and sign up with your credit card. They may offer a free show, or ask you to vote for them, or any number of other fake stories.
Amateur porn recruitment scam
You will encounter a "pornstar" on a dating/messaging/social media/whatever site/app, and the scammer will ask you to create an adult film with hehim, but first you need to do something. The story here is usually something to do with verifying your age, or you needing to take an STD test that involves sending money to a site operated by the scammer.
Hot girl SMS spam
You receive a text from a random number with a message along the lines of "Hey babe I'm here in town again if you wanted to meet up this time, are you around?" accompanied by a NSFW picture of a hot girl. It's spam, and they'll direct you to their scam website that requires a credit card.
Identity verification scam
You will encounter someone on a dating/messaging/social media/whatever site/app, and the scammer will ask that you verify your identity as they are worried about catfishing. The scammer operates the site, and you are not talking to whoever you think you are talking to.
This type of scam teases you with something, then tries to make you sign up for something else that costs money. The company involved is often innocent, but they turn a blind eye to the practice as it helps their bottom line, even if they have to occasionally issue refunds. A common variation takes place on dating sites/dating apps, where you will match with someone who claims to be a camgirl who wants you to sign up for a site and vote for her. Another variation takes place on local sites like Craigslist, where the scammers setup fake rental scams and demand that you go through a specific service for a credit check. Once you go through with it, the scammer will stop talking to you. Another variation also takes place on local sites like Craigslist, where scammers will contact you while you are selling a car and will ask you to purchase a Carfax-like report from a specific website.
Multi Level Marketing or Affiliate Marketing
You apply for a vague job listing for 'sales' on craigslist. Or maybe an old friend from high school adds you on Facebook and says they have an amazing business opportunity for you. Or maybe the well dressed guy who's always interviewing people in the Starbucks that you work at asks if you really want to be slinging coffee the rest of your life. The scam: MLMs are little more than pyramid schemes. They involve buying some sort of product (usually snake oil health products like body wraps or supplements) and shilling them to your friends and family. They claim that the really money is recruiting people underneath you who give you a slice of whatever they sell. And if those people underneath you recruit more people, you get a piece of their sales. Ideally if you big enough pyramid underneath you the money will roll in without any work on your part. Failure to see any profit will be your fault for not "wanting it enough." The companies will claim that you need to buy their extra training modules or webinars to really start selling. But in reality, the vast majority of people who buy into a MLM won't see a cent. At the end of the day all you'll be doing is annoying your friends and family with your constant recruitment efforts. What to look out for: Recruiters love to be vague. They won't tell you the name of the company or what exactly the job will entail. They'll pump you up with promises of "self-generating income", "being your own boss", and "owning your own company." They might ask you to read books about success and entrepreneurs. They're hoping you buy into the dream first. If you get approached via social media, check their timelines. MLMs will often instruct their victims to pretend that they've already made it. They'll constantly post about how they're hustling and making the big bucks and linking to youtube videos about success. Again, all very vague about what their job actually entails. If you think you're being recruited: Ask them what exactly the job is. If they can't answer its probably a MLM. Just walk away.

Phone scams

You should generally avoid answering or engaging with random phone calls. Picking up and engaging with a scam call tells the scammers that your phone number is active, and will usually lead to more calls.
Tax Call
You get a call from somebody claiming to be from your countries tax agency. They say you have unpaid taxes that need to be paid immediately, and you may be arrested or have other legal action taken against you if it is not paid. This scam has caused the American IRS, Canadian CRA, British HMRC, and Australian Tax Office to issue warnings. This scam happens in a wide variety of countries all over the world.
Warrant Call
Very similar to the tax call. You'll get a phone call from an "agent", "officer", "sheriff", or other law enforcement officer claiming that there is a warrant out for your arrest and you will be arrested very soon. They will then offer to settle everything for a fee, usually paid in giftcards.
[Legal Documents/Process Server Calls]
Very similar to the warrant call. You'll get a phone call from a scammer claiming that they are going to serve you legal documents, and they will threaten you with legal consequences if you refuse to comply. They may call themselves "investigators", and will sometimes give you a fake case number.
Student Loan Forgiveness Scam
Scammers will call you and tell you about a student loan forgiveness program, but they are interested in obtaining private information about you or demanding money in order to join the fake program.
Tech Support Call You receive a call from someone with a heavy accent claiming to be a technician Microsoft or your ISP. They inform you that your PC has a virus and your online banking and other accounts may be compromised if the virus is not removed. They'll have you type in commands and view diagnostics on your PC which shows proof of the virus. Then they'll have you install remote support software so the technician can work on your PC, remove the virus, and install security software. The cost of the labor and software can be hundreds of dollars. The scam: There's no virus. The technician isn't a technician and does not work for Microsoft or your ISP. Scammers (primarily out of India) use autodialers to cold-call everyone in the US. Any file they point out to you or command they have you run is completely benign. The software they sell you is either freeware or ineffective. What to do you if you're involved with this scam: If the scammers are remotely on your computer as you read this, turn off your PC or laptop via the power button immediately, and then if possible unplug your internet connection. Some of the more vindictive tech scammers have been known to create boot passwords on your computer if they think you've become wise to them and aren't going to pay up. Hang up on the scammers, block the number, and ignore any threats about payment. Performing a system restore on your PC is usually all that is required to remove the scammer's common remote access software. Reports of identity theft from fake tech calls are uncommon, but it would still be a good idea to change your passwords for online banking and monitor your accounts for any possible fraud. How to avoid: Ignore any calls claiming that your PC has a virus. Microsoft will never contact you. If you're unsure if a call claiming to be from your ISP is legit, hang up, and then dial the customer support number listed on a recent bill. If you have elderly relatives or family that isn't tech savvy, take the time to fill them in on this scam.
Chinese government scam
This scam is aimed at Chinese people living in Europe and North America, and involves a voicemail from someone claiming to be associated with the Chinese government, usually through the Chinese consulate/embassy, who is threatening legal action or making general threats.
Chinese shipping scam
This scam is similar to the Chinese government scam, but involves a seized/suspicious package, and the scammers will connect the victim to other scammers posing as Chinese government investigators.
Social security suspension scam
You will receive a call from someone claiming to work for the government regarding suspicious activity, fraud, or serious crimes connected to your social security number. You'll be asked to speak to an operator and the operator will explain the steps you need to follow in order to fix the problems. It's all a scam, and will lead to you losing money and could lead to identity theft if you give them private financial information.
Utilities cutoff
You get a call from someone who claims that they are from your utility company, and they claim that your utilities will be shut off unless you immediately pay. The scammer will usually ask for payment via gift cards, although they may ask for payment in other ways, such as Western Union or bitcoin.
Relative in custody Scammer claims to be the police, and they have your son/daughtenephew/estranged twin in custody. You need to post bail (for some reason in iTunes gift cards or MoneyGram) immediately or the consequences will never be the same.
Mexican family scam
This scam comes in many different flavours, but always involves someone in your family and Mexico. Sometimes the scammer will claim that your family member has been detained, sometimes the scammer will claim that your family member has been kidnapped, and sometimes the scammer will claim that your family member is injured and needs help.
General family scams
Scammers will gather a large amount of information about you and target your family members using different stories with the goal of gettimg them to send money.
One ring scam
Scammers will call you from an international number with the goal of getting you to return their call, causing you to incur expensive calling fees.

Online shopping scams

THE GOLDEN RULE OF ONLINE SHOPPING: If it sounds too good to be true, it probably is.
Dropshipping
An ad on reddit or social media sites like Facebook and Instagram offers items at huge discounts or even free (sometimes requiring you to reblog or like their page). They just ask you to pay shipping. The scam: The item will turn out to be very low quality and will take weeks or even months to arrive. Sometimes the item never arrives, and the store disappears or stops responding. The seller drop-ships the item from China. The item may only cost a few dollars, and the Chinese government actually pays for the shipping. You end up paying $10-$15 dollars for a $4 item, with the scammer keeping the profit. If you find one of these scams but really have your heart set on the item, you can find it on AliExpress or another Chinese retailer.
Influencer scams
A user will reach out to you on a social media platform, usually Instagram, and offer you the chance to partner with them and receive a free/discounted product, as long as you pay shipping. This is a different version of the dropshipping scam, and is just a marketing technique to get you to buy their products.
Triangulation fraud
Triangulation fraud occurs when you make a purchase on a site like Amazon or eBay for an item at a lower than market price, and receive an item that was clearly purchased new at full price. The scammer uses a stolen credit card to order your item, while the money from the listing is almost all profit for the scammer.
Instagram influencer scams
Someone will message you on Instagram asking you to promote their products, and offering you a discount code. The items are Chinese junk, and the offer is made to many people at a time.
Cheap Items
Many websites pop up and offer expensive products, including electronics, clothes, watches, sunglasses, and shoes at very low prices. The scam: Some sites are selling cheap knock-offs. Some will just take your money and run. What to do if you think you're involved with this scam: Contact your bank or credit card and dispute the charge. How to avoid: The sites often have every brand-name shoe or fashion item (Air Jordan, Yeezy, Gucci, etc) in stock and often at a discounted price. The site will claim to be an outlet for a major brand or even a specific line or item. The site will have images at the bottom claiming to be Secured by Norton or various official payment processors but not actual links. The site will have poor grammar and a mish-mash of categories. Recently, established websites will get hacked or their domain name jacked and turned into scam stores, meaning the domain name of the store will be completely unrelated to the items they're selling. If the deal sounds too good to be true it probably is. Nobody is offering brand new iPhones or Beats or Nintendo Switches for 75% off.
Cheap Amazon 3rd Party Items
You're on Amazon or maybe just Googling for an item and you see it for an unbelievable price from a third-party seller. You know Amazon has your back so you order it. The scam: One of three things usually happen: 1) The seller marks the items as shipped and sends a fake tracking number. Amazon releases the funds to the seller, and the seller disappears. Amazon ultimately refunds your money. 2) The seller immediately cancels the order and instructs you to re-order the item directly from their website, usually with the guarantee that the order is still protected by Amazon. The seller takes your money and runs. Amazon informs you that they do not offer protection on items sold outside of Amazon and cannot help you. 2) The seller immediately cancels the order and instructs you to instead send payment via an unused Amazon gift card by sending the code on the back via email. Once the seller uses the code, the money on the card is gone and cannot be refunded. How to avoid: These scammers can be identified by looking at their Amazon storefronts. They'll be brand new sellers offering a wide range of items at unbelievable prices. Usually their Amazon names will be gibberish, or a variation on FIRSTNAME.LASTNAME. Occasionally however, established storefronts will be hacked. If the deal is too good to be true its most likely a scam.
Scams on eBay
There are scams on eBay targeting both buyers and sellers. As a seller, you should look out for people who privately message you regarding the order, especially if they ask you to ship to a different address or ask to negotiate via text/email/a messaging service. As a buyer you should look out for new accounts selling in-demand items, established accounts selling in-demand items that they have no previous connection to (you can check their feedback history for a general idea of what they bought/sold in the past), and lookout for people who ask you to go off eBay and use another service to complete the transaction. In many cases you will receive a fake tracking number and your money will be help up for up to a month.
Scams on Amazon
There are scams on Amazon targeting both buyers and sellers. As a seller, you should look out for people who message you about a listing. As a buyer you should look out for listings that have an email address for you to contact the person to complete the transaction, and you should look out for cheap listings of in-demand items.
Scams on Reddit
Reddit accounts are frequently purchased and sold by fraudsters who wish to use the high karma count + the age of the account to scam people on buy/sell subreddits. You need to take precautions and be safe whenever you are making a transaction online.
Computer scams
Virus scam
A popup or other ad will say that you have a virus and you need to follow their advice in order to remove it. They are lying, and either want you to install malware or pay for their software.

Assorted scams

Chinese Brushing / direct shipping
If you have ever received an unsolicited small package from China, your address was used to brush. Vendors place fake orders for their own products and send out the orders so that they can increase their ratings.
Money flipping
Scammer claims to be a banking insider who can double/triple/bazoople any amount of money you send them, with no consequences of any kind. Obviously, the money disappears into their wallet the moment you send it.

Door to door scams

As a general rule, you should not engage with door to door salesmen. If you are interested in the product they are selling, check online first.
Selling Magazines
Someone or a group will come to your door and offer to sell a magazine subscription. Often the subscriptions are not for the duration or price you were told, and the magazines will often have tough or impossible cancellation policies.
Energy sales
Somebody will come to your door claiming to be from an energy company. They will ask to see your current energy bill so that they can see how much you pay. They will then offer you a discount if you sign up with them, and promise to handle everything with your old provider. Some of these scammers will "slam" you, by using your account number that they saw on your bill to switch you to their service without authorization, and some will scam you by charging higher prices than the ones you agreed on.
Security system scams
Scammers will come to your door and ask about your security system, and offer to sell you a new one. These scammers are either selling you overpriced low quality products, or are casing your home for a future burglary.
They ask to enter your home
While trying to sell you whatever, they suddenly need to use your bathroom, or they've been writing against the wall and ask to use your table instead. Or maybe they just moved into the neighborhood and want to see how you decorate for ideas.
They're scoping out you and your place. They want to see what valuables you have, how gullible you are, if you have a security system or dogs, etc.

Street scams

Begging With a Purpose
"I just need a few more dollars for the bus," at the bus station, or "I just need $5 to get some gas," at a gas station. There's also a variation where you will be presented with a reward: "I just need money for a cab to get uptown, but I'll give you sports tickets/money/a date/a priceless vase."
Three Card Monte, Also Known As The Shell Game
Unbeatable. The people you see winning are in on the scam.
Drop and Break
You bump into someone and they drop their phone/glasses/fancy bottle of wine/priceless vase and demand you pay them back. In reality, it's a $2 pair of reading glasses/bottle of three-buck-chuck/tasteful but affordable vase.
CD Sales
You're handed a free CD so you can check out the artist's music. They then ask for your name and immediately write it on the CD. Once they've signed your name, they ask you for money, saying they can't give it to someone else now. Often they use dry erase markers, or cheap CD sleeves. Never use any type of storage device given to you by a random person, as the device can contain malware.
White Van Speaker Scam
You're approached and offered speakers/leather jackets/other luxury goods at a discount. The scammer will have an excuse as to why the price is so low. After you buy them, you'll discover that they are worthless.
iPhone Street Sale
You're approached and shown an iPhone for sale, coming in the box, but it's open and you can see the phone. If you buy the phone, you'll get an iPhone box with no iPhone, just some stones or cheap metal in it to weigh it down.
Buddhist Monk Pendant
A monk in traditional garb approaches you, hands you a gold trinket, and asks for a donation. He holds either a notebook with names and amounts of donation (usually everyone else has donated $5+), or a leaflet with generic info. This is fairly common in NYC, and these guys get aggressive quickly.
Friendship Bracelet Scam More common in western Europe, you're approached by someone selling bracelets. They quickly wrap a loop of fabric around your finger and pull it tight, starting to quickly weave a bracelet. The only way to (easily) get it off your hand is to pay. Leftover sales
This scam involves many different items, but the idea is usually the same: you are approached by someone who claims to have a large amount of excess inventory and offers to sell it to you at a great price. The scammer actually has low quality items and will lie to you about the price/origin of the items.
Dent repair scams
Scammers will approach you in public about a dent in your car and offer to fix it for a low price. Often they will claim that they are mechanics. They will not fix the dent in your car, but they will apply large amounts of wax or other substances to hide the dent while they claim that the substance requires time to harden.
Gold ring/jewelry/valuable item scam
A scammer will "find" a gold ring or other valuable item and offers to sell it to you. The item is fake and you will never see the scammer again.
Distraction theft
One person will approach you and distract you, while their accomplice picks your pockets. The distraction can take many forms, but if you are a tourist and are approached in public, watch closely for people getting close to you.

General resources

Site to report scams in the United Kingdom: http://www.actionfraud.police.uk/
Site to report scams in the United States: https://www.ic3.gov/default.aspx
Site to report scams in Canada: www.antifraudcentre-centreantifraude.ca/reportincident-signalerincident/index-eng.htm
Site to report scams in Europe: https://www.europol.europa.eu/report-a-crime/report-cybercrime-online
FTC scam alerts: https://www.consumer.ftc.gov/scam-alerts
Microsoft's anti-scam guide: https://www.microsoft.com/en-us/safety/online-privacy/avoid-phone-scams.aspx
https://www.usa.gov/common-scams-frauds
https://www.usa.gov/scams-and-frauds
https://www.consumer.ftc.gov/features/scam-alerts
https://www.fbi.gov/scams-and-safety/common-fraud-schemes
submitted by EugeneBYMCMB to Scams [link] [comments]

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(POE) Proof of Existence Coin (Palo Alto CryptoTalk) Jan 04, 2018

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