Buying and Using Bitcoin Anonymously Without ID (2020 Updated)
GitHub - rootzoll/raspiblitz: Get your own Bitcoin
Releases · Bitcoin-com/Wallet · GitHub
Bitcoin - The Internet of Money
/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.
Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
semi-quick answers to common questions of new people
so people often ask similar questions over here and because they are getting probably kinda annoying over time to many I just try to answer as many as I find. if you have more that would fit here, add them to the comments
can I recieve coins without the ledger being connected to a computer
how does that work?
basically crypto currencies work like a bank-only currency, all funds are in the Consensus network which basically works like the bank of the currency, they carry out the transactions and verify you are not trying to overspend. all transactions are basically in an accounting book which is referenced to check your currency balance (which is the blockchain)
tldr: does your debit card need to be online for your account to recieve funds? nope.
I just sent/recieved coins, why are they not showing yet?
as the cryptocurrency's bank while being central to the currency (as in no currency can ever leave the network) the bank in itself is not a central institution but anyone can be part of it, and one of the major things that need to exist because of this is Consensus, or in plain english: agreement. because of this, a few blocks need to pass so nobody can manipulate the chain by calculating a different chain that overrides a transaction with a different one (double-spending)
tldr: the network of many needs time to agree whose transactions are processed in what order and therefore need a bit of time
(which in case of bitcoin is typically an hour after the transaction has set into a block)
my transaction does not get into a block
chances might be your fees are too low, while you cannot directly fix this in Ledger live, other wallets allow you to send another transaction with the same "transaction number" (aka nonce) and higher fees which as soon as it gets placed into the chain, invalidates the old one as each number can only be used once.
my bitcoin address changes everytime I try to recieve in Ledger live, is that normal?
yes. it is a privacy mechanism of the standard of how ledger generates addresses, basically allowing you to stay a little bit more private.
you CAN use your old addresses if you really want but it is obviously less private
how does that work and how do I make sure the address is correct?
simply said: complex math. if you for example enter "my secret -> Bitcoin 1" into the sha256 algorithm you get 3f667104b9efdc247d860a35d9343ec2af6adf16ee87d44bcd4a6c2af572bab8, if you however enter "my secret -> Bitcoin 2", you get 58f5c09c46585dca9bf50b2d3beb48766254138c1f89df8111cf7e012b4d7004 which cannot easily be correlated to each other, it's the same concept but more complicated.
for verification, plug in your ledger when recieving and verify your address by using the Ledger's display.
do I need to backup my currency keys often?
nope and in fact there is nothing to backup except your seed phrase. Ledger uses a technique called deterministic wallets, which allows your secret and a standardized sequence of math operations to determine your keys addresses and everything.
the above answer literally illustrates the concept, where you would throw your secret and data about which currency and the how many-th account you need into a complex piece of math and get your data out.
TLDR: all you need are your 24 words.
can I create hidden wallets on my ledger which cannot be easily accessed?
sure. but be warned, THIS IS ADVANCED.
there is a feature called a passphrase, which you can add onto your 24 words (which is why it is sometimes called a 25th word, but it can literally be anything), which works as a way to create a new set of addresses. however unlike your 24 words, there is no checksum and as it can literally be anything it is case sensitive and everything, so be careful when noting it down.
you can either attach the passphrase temporarily (gone when you turn off your ledger) or set up a second PIN with that passphrase stored on your ledger
HELP: I lost my:
if you have your 24 word seed (and passphrase if you use it, you can just reset by entering 3 wrong PINs and recover
if not, sorry, your assets are gone, so KEEP A BACKUP OF YOUR SEED
Ledger Passphrase PIN:
if you have your passphrase, just enter your main PIN and re-attach your passphrase
if you have your ledger PIN, you can move away your coins to an exchange or a new seed (which you either initialize using a second ledger or you use a software wallet for the short term while being SUPER careful (or as a compromise, new 24 words you generate offline) and transfer your funds over there, in case you used a software wallet or an exchange, reset your ledger afterwards and create a new set of 24 words and transfer back to them.
in case you use a passphrase you either need both PINs or main pin and passphrase
in case you do not have the above, it's sad and all is gone yet again.
if you have a passphrase PIN and you know it, you can TEMPORARILY attach a new phrase to your ledger to get new addresses, switch back to the passphrase using your PIN and send the funds over to your new passphrase's addresses.
if not, be sad.
Ledger Live Password
you can just reset ledger live. ledger live is just an application to watch your currency and prepare transactions for your ledger to sign. its contents LITERALLY DONT MATTER
if you dont need the privacy added by the password you can set up ledger live without any password as well.
long story short: your ledger live password doesnt matter, your PINs dont matter too much, but SERIOUSLY, BACKUP YOUR SEED AND PASSPHRASE
I cannot recover, why cant the Ledger makers help me?
unlike in a real life bank which can verify your human identity and issue new keys, to the Consensus network, YOUR KEYS ARE YOUR IDENTITY, and your 24 words are effectively your keys. aside from your backup THERE IS NO BACKUP.
Someone claims to be from [Ledger, the Police, the network of a coin etc.] and wants my 24 words/passphrase to verify something, should I tell them.
I did say your ledger effectively is your debit card, and your 24 words and passphrase are effectively a template for making a new one with full access to your account. and unlike a debit card in real life might have, there are no spending limits aside from the fact you cannot go below zero, and there is no fraud department, or chargeback.
IF ANYONE HAS YOUR KEYS, THEY CAN EMPTY YOUR ACCOUNTS, ALL OF THEM.
Namecoin and the future of self-sovereign digital identity.
Namecoin's motto is "Bitcoin frees money – Namecoin frees DNS, identities, and other technologies." biolizard89 has done fantastic work on the DNS part, but let's focus on the identity use case here. Recent events have convinced me that digital identity on the internet is broken. Consider:
Twitter hack. Twitter's internal admin tool was compromised by hackers to commandeer ~130 top verified users including Biden, Obama, Buffet, Musk, Bezos, Apple, Uber, etc. to tweet out crypto scams on these users accounts.
GPT-3 is ready for release and will allow bad actors to AstroTurf and control the narrative on social networks for monetary and political gain at massive scale. Also take a peek at /SubSimulatorGPT2/ which is solely populated by GPT bots to get a taste.
ARTBreeder can create user profile images that are indistinguishable from real users.
Deepfakes can twist reality and manipulate faces and voices to turn real actors into puppets promoting false narratives.
What was true in 1993 when cartoonist Peter Steiner wrote "On the internet, nobody knows you are a dog" is still true today. The only difference is that identity is increasingly being weaponized using AI/ML so "On the internet, nobody knows you are a bot" would perhaps be more apt. I read the following comment from a user on slashdot yesterday:
For the time being, you can assume that this comment was written by a human being. You can click on my username, look back at my history of posts, and go, "OK, here's a bunch of posts, by a person, going back more than a decade, to the TIME BEFORE BOTS." That is, before the first year of 2020.
Since humans are likely to adopt the majority opinion, bad actors find real value in being able to control the narrative online by surrounding the reader with manufactured opinions by bots that due to advances in ML/AI are quickly becoming indistinguishable from real users. This amounts to a Sybil attack on the minds of digital content consumers and poses major threat to the integrity of our social fabric. Apart from the recent twitter incident used for scamming, nation states have been known to create massive bot armies of fake and hijacked user accounts to try and shift the narratives regarding the Hong Kong independence protests as well as national elections. This will only increase. Currently, our digital identity is fragmented into silo's largely controlled by government institutions and mega corporations (FAANG) based on a "Trust us" model. As recent events have proven, this is a bad model and in dire need of improvement/replacement. IMHO we need to move from "Trust us" to a "Trust but verify" model where the user is in full control of their digital identity. Namecoin can and should play an important role in building this 'web of trust composed of self-sovereign identities" as it is neutral (no owner), permissionless and secure (merge-mined). Daniel already developed a proof of concept with NameID but what can we do to take this further? Personally I'd like to see users create Namecoin identities and link them to their social identities (e.g. Google, Facebook, Twitter, Reddit, etc). Then whenever they create content, they sign it with their private keys. This would allow a reader to verify the content was created by the user. Content verification would have stopped the recent twitter hack, because even if the hackers would have access to internal admin tools they would not have the private keys that the users produce valid content with. "Not your keys, not your content" Content verification is only one part. Ideally a user would like to verify the integrity of the content creator as well. E.g. has this user passed human verification in any of the linked platforms? Does a trusted linked entity vouch for the reputation or integrity of this user (e.g. a government entity, financial entity or non-governmental organization?). This would require those platforms to allow linking of Namecoin ID with their Platform ID and allow lookup and signing of metadata provided by these platforms. (e.g. UserID Y is linked to PlatformID X and completed human verification on date Z, signed Twitter). I image users could install an extension similar to uBlock or Privacy Badger that contains human curated blacklists and heuristics that operate on Namecoin entities to perform these checks and flag or filter content and users that fail integrity checks. This would allow a users to automatically weed out potential bots and trolls but keep full control of this process themselves, avoiding potential censorship if this task would fall on the platform owners themselves (something governments are pushing for). We could take this even further and integrate Namecoin ID's in software and hardware devices as well. This could create chains of trust to verify the entire chain of content creation and manipulation to the final content posted on a social platform. Where every entity signs the resulting content. (E.g. camera -> photoshop -> twitter post) Apart from signing content/messages (PGP style). Namecoin could perhaps also be used for managing identity tokens in a users 'Identity wallet'. Looking into my physical wallet this could include things like credit cards, insurance cards, government issued IDs, membership cards, transportation cards, key cards, etc. This could be done similar to 'colored coins' on Bitcoin. But would have to support some type of smart contract functionality to be useful (e.g. expiring tokens, etc). I'm not a developer nor a technical writer, but I do think we need to think long and hard about how we can solve digital identity in a way that empowers users to trust and verify the content and identities of the peers we interact with online while also respecting privacy and preventing censorship by external parties. Namecoin could be the better path to building this web of trust, but given the current pace of AI/ML and the willingness by bad actors to weaponize it at scale against users interests we might not have much time. (Apologies for the rant!)
Dieter Fishbein, Ecosystem Development Lead, Web3 Foundation
Dan: Hey everyone, thanks for joining us for the Polkadot Launch AMA. We have Dieter Fishbein (Head of Ecosystem Development, our business development team), Logan Saether (Technical Education), and Will Pankiewicz (Master of Validators) joining us today. We had some great questions submitted in advance, and we’ll start by answering those and learning a bit about each of our guests. After we go through the pre-submitted questions, then we’ll open up the chat to live Q&A and the hosts will answer as many questions as they can. We’ll start off with Dieter and ask him a set of some business-related questions.
Dieter could you introduce yourself, your background, and your role within the Polkadot ecosystem?
Dieter: I got my start in the space as a cryptography researcher at the University of Waterloo. This is where I first learned about Bitcoin and started following the space. I spent the next four years or so on the investment team for a large asset manager where I primarily focused on emerging markets. In 2017 I decided to take the plunge and join the space full-time. I worked at a small blockchain-focused VC fund and then joined the Polkadot team just over a year ago. My role at Polkadot is mainly focused on ensuring there is a vibrant community of projects building on our technology.
Q: Adoption of Polkadot of the important factors that all projects need to focus on to become more attractive to the industry. So, what is Polkadot's plan to gain more Adoption? [sic]
A (Dieter): Polkadot is fundamentally a developer-focused product so much of our adoption strategy is focused around making Polkadot an attractive product for developers. This has many elements. Right now the path for most developers to build on Polkadot is by creating a blockchain using the Substrate framework which they will later connect to Polkadot when parachains are enabled. This means that much of our adoption strategy comes down to making Substrate an attractive tool and framework. However, it’s not just enough to make building on Substrate attractive, we must also provide an incentive to these developers to actually connect their Substrate-based chain to Polkadot. Part of this incentive is the security that the Polkadot relay chain provides but another key incentive is becoming interoperable with a rich ecosystem of other projects that connect to Polkadot. This means that a key part of our adoption strategy is outreach focused. We go out there and try to convince the best projects in the space that building on our technology will provide them with significant value-add. This is not a purely technical argument. We provide significant support to projects building in our ecosystem through grants, technical support, incubatoaccelerator programs and other structured support programs such as the Substrate Builders Program (https://www.substrate.io/builders-program). I do think we really stand out in the significant, continued support that we provide to builders in our ecosystem. You can also take a look at the over 100 Grants that we’ve given from the Web3 Foundation: https://medium.com/web3foundation/web3-foundation-grants-program-reaches-100-projects-milestone-8fd2a775fd6b
Q: On moving forward through your roadmap, what are your most important next priorities? Does the Polkadot team have enough fundamentals (Funds, Community, etc.) to achieve those milestones?
A (Dieter): I would say the top priority by far is to ensure a smooth roll-out of key Polkadot features such as parachains, XCMP and other key parts of the protocol. Our recent Proof of Authority network launch was only just the beginning, it’s crucial that we carefully and successfully deploy features that allow builders to build meaningful technology. Second to that, we want to promote adoption by making more teams aware of Polkadot and how they can leverage it to build their product. Part of this comes down to the outreach that I discussed before but a major part of it is much more community-driven and many members of the team focus on this. We are also blessed to have an awesome community to make this process easier 🙂
Q: Where can a list of Polkadot's application-specific chains can be found?
A (Dieter): The best list right now is http://www.polkaproject.com/. This is a community-led effort and the team behind it has done a terrific job. We’re also working on providing our own resource for this and we’ll share that with the community when it’s ready.
Q: Could you explain the differences and similarities between Kusama and Polkadot?
A (Dieter): Kusama is fundamentally a less robust, faster-moving version of Polkadot with less economic backing by validators. It is less robust since we will be deploying new technology to Kusama before Polkadot so it may break more frequently. It has less economic backing than Polkadot, so a network takeover is easier on Kusama than on Polkadot, lending itself more to use cases without the need for bank-like security. In exchange for lower security and robustness, we expect the cost of a parachain lease to be lower on Kusama than Polkadot. Polkadot will always be 100% focused on security and robustness and I expect that applications that deal with high-value transactions such as those in the DeFi space will always want a Polkadot deployment, I think there will be a market for applications that are willing to trade cheap, high throughput for lower security and robustness such as those in the gaming, content distribution or social networking sectors. Check out - https://polkadot.network/kusama-polkadot-comparing-the-cousins/ for more detailed info!
Q: and for what reasons would a developer choose one over the other?
A (Dieter): Firstly, I see some earlier stage teams who are still iterating on their technology choosing to deploy to Kusama exclusively because of its lower-stakes, faster moving environment where it will be easier for them to iterate on their technology and build their user base. These will likely encompass the above sectors I identified earlier. To these teams, Polkadot becomes an eventual upgrade path for them if, and when, they are able to perfect their product, build a larger community of users and start to need the increased stability and security that Polkadot will provide. Secondly, I suspect many teams who have their main deployment on Polkadot will also have an additional deployment on Kusama to allow them to test new features, either their tech or changes to the network, before these are deployed to Polkadot mainnet.
Logan Saether, Technical Education, Web3 Foundation
Q: Sweet, let's move over to Logan. Logan - could you introduce yourself, your background, and your role within the Polkadot ecosystem?
A (Logan): My initial involvement in the industry was as a smart contract engineer. During this time I worked on a few projects, including a reboot of the Ethereum Alarm Clock project originally by Piper Merriam. However, I had some frustrations at the time with the limitations of the EVM environment and began to look at other tools which could help me build the projects that I envisioned. This led to me looking at Substrate and completing a bounty for Web3 Foundation, after which I applied and joined the Technical Education team. My responsibilities at the Technical Education team include maintaining the Polkadot Wiki as a source of truth on the Polkadot ecosystem, creating example applications, writing technical documentation, giving talks and workshops, as well as helping initiatives such as the Thousand Validator Programme.
Q: The first technical question submitted for you was: "When will an official Polkadot mobile wallet appear?"
A (Logan): There is already an “official” wallet from Parity Technologies called the Parity Signer. Parity Signer allows you to keep your private keys on an air-gapped mobile device and to interactively sign messages using web interfaces such as Polkadot JS Apps. If you’re looking for something that is more of an interface to the blockchain as well as a wallet, you might be interested in PolkaWallet which is a community team that is building a full mobile interface for Polkadot. For more information on Parity Signer check out the website: https://www.parity.io/signe
Q: Great thanks...our next question is: If someone already developed an application to run on Ethereum, but wants the interoperability that Polkadot will offer, are there any advantages to rebuilding with Substrate to run as a parachain on the Polkadot network instead of just keeping it on Ethereum and using the Ethereum bridge for use with Polkadot?
A (Logan): Yes, the advantage you would get from building on Substrate is more control over how your application will interact with the greater Polkadot ecosystem, as well as a larger design canvas for future iterations of your application. Using an Ethereum bridge will probably have more cross chain latency than using a Polkadot parachain directly. The reason for this is due to the nature of Ethereum’s separate consensus protocol from Polkadot. For parachains, messages can be sent to be included in the next block with guarantees that they will be delivered. On bridged chains, your application will need to go through more routes in order to execute on the desired destination. It must first route from your application on Ethereum to the Ethereum bridge parachain, and afterward dispatch the XCMP message from the Polkadot side of the parachain. In other words, an application on Ethereum would first need to cross the bridge then send a message, while an application as a parachain would only need to send the message without needing to route across an external bridge.
Q: DOT transfers won't go live until Web3 removes the Sudo module and token holders approve the proposal to unlock them. But when will staking rewards start to be distributed? Will it have to after token transfers unlock? Or will accounts be able to accumulate rewards (still locked) once the network transitions to NPoS?
A (Logan): Staking rewards will be distributed starting with the transition to NPoS. Transfers will still be locked during the beginning of this phase, but reward payments are technically different from the normal transfer mechanism. You can read more about the launch process and steps at http://polkadot.network/launch-roadmap
Q: Next question is: I'm interested in how Cumulus/parachain development is going. ETA for when we will see the first parachain registered working on Kusama or some other public testnet like Westend maybe?
A (Logan): Parachains and Cumulus is a current high priority development objective of the Parity team. There have already been PoC parachains running with Cumulus on local testnets for months. The current work now is making the availability and validity subprotocols production ready in the Polkadot client. The best way to stay up to date would be to follow the project boards on GitHub that have delineated all of the tasks that should be done. Ideally, we can start seeing parachains on Westend soon with the first real parachains being deployed on Kusama thereafter. The projects board can be viewed here: https://github.com/paritytech/polkadot/projects Dan: Also...check out Basti's tweet from yesterday on the Cumulus topic: https://twitter.com/bkchstatus/1270479898696695808?s=20
Q: In what ways does Polkadot support smart contracts?
A (Logan): The philosophy behind the Polkadot Relay Chain is to be as minimal as possible, but allow arbitrary logic at the edges in the parachains. For this reason, Polkadot does not support smart contracts natively on the Relay Chain. However, it will support smart contracts on parachains. There are already a couple major initiatives out there. One initiative is to allow EVM contracts to be deployed on parachains, this includes the Substrate EVM module, Parity’s Frontier, and projects such as Moonbeam. Another initiative is to create a completely new smart contract stack that is native to Substrate. This includes the Substrate Contracts pallet, and the ink! DSL for writing smart contracts. Learn more about Substrate's compatibility layer with Ethereum smart contracts here: https://github.com/paritytech/frontier
Will Pankiewicz, Master of Validators, Parity Technologies
Q: (Dan) Thanks for all the answers. Now we’ll start going through some staking questions with Will related to validating and nominating on Polkadot. Will - could you introduce yourself, your background, and your role within the Polkadot ecosystem?
A (Will): Sure thing. Like many others, Bitcoin drew me in back in 2013, but it wasn't until Ethereum came that I took the deep dive into working in the space full time. It was the financial infrastructure aspects of cryptocurrencies I was initially interested in, and first worked on dexes, algorithmic trading, and crypto funds. I really liked the idea of "Generalized Mining" that CoinFund came up with, and started to explore the whacky ways the crypto funds and others can both support ecosystems and be self-sustaining at the same time. This drew me to a lot of interesting experiments in what later became DeFi, as well as running validators on Proof of Stake networks. My role in the Polkadot ecosystem as “Master of Validators” is ensuring the needs of our validator community get met.
Q: Cool thanks. Our first community question was "Is it still more profitable to nominate the validators with lesser stake?"
A (Will): It depends on their commission, but generally yes it is more profitable to nominate validators with lesser stake. When validators have lesser stake, when you nominate them this makes your nomination stake a higher percentage of total stake. This means when rewards get distributed, it will be split more favorably toward you, as rewards are split by total stake percentage. Our entire rewards scheme is that every era (6 hours in Kusama, 24 hours in Polkadot), a certain amount of rewards get distributed, where that amount of rewards is dependent on the total amount of tokens staked for the entire network (50% of all tokens staked is currently optimal). These rewards from the end of an era get distributed roughly equally to all validators active in the validator set. The reward given to each validator is then split between the validators and all their nominators, determined by the total stake that each entity contributes. So if you contribute to a higher percentage of the total stake, you will earn more rewards.
Q: What does priority ranking under nominator addresses mean? For example, what does it mean that nominator A has priority 1 and nominator B has priority 6?
A (Will): Priority ranking is just the index of the nomination that gets stored on chain. It has no effect on how stake gets distributed in Phragmen or how rewards get calculated. This is only the order that the nominator chose their validators. The way that stake from a nominator gets distributed from a nominator to validators is via Phragmen, which is an algorithm that will optimally put stake behind validators so that distribution is roughly equal to those that will get in the validator set. It will try to maximize the total amount at stake in the network and maximize the stake behind minimally staked validators.
Q: On Polkadot.js, what does it mean when there are nodes waiting on Polkadot?
**A (Will):**In Polkadot there is a fixed validator set size that is determined by governance. The way validators get in the active set is by having the highest amount of total stake relative to other validators. So if the validator set size is 100, the top 100 validators by total stake will be in the validator set. Those not active in the validator set will be considered “waiting”.
Q: Another question...Is it necessary to become a waiting validator node right now?
A (Will): It's not necessary, but highly encouraged if you actively want to validate on Polkadot. The longer you are in the waiting tab, the longer you get exposure to nominators that may nominate you.
Q: Will current validators for Kusama also validate for Polkadot? How strongly should I consider their history (with Kusama) when looking to nominate a good validator for DOTs?
A (Will): A lot of Kusama validators will also be validators for Polkadot, as KSM was initially distributed to DOT holders. The early Kusama Validators will also likely be the first Polkadot validators. Being a Kusama validator should be a strong indicator for who to nominate on Polkadot, as the chaos that has ensued with Kusama has allowed validators to battle test their infrastructure. Kusama validators by now are very familiar with tooling, block explorers, terminology, common errors, log formats, upgrades, backups, and other aspects of node operation. This gives them an edge against Polkadot validators that may be new to the ecosystem. You should strongly consider well known Kusama validators when making your choices as a nominator on Polkadot.
Q: Can you go into more details about the process for becoming a DOT validator? Is it similar as the KSM 1000 validators program?
A (Will): The Process for becoming a DOT validators is first to have DOTs. You cannot be a validator without DOTs, as DOTs are used to pay transaction fees, and the minimum amount of DOTs you need is enough to create a validate transaction. After obtaining enough DOTs, you will need to set up your validator infrastructure. Ideally you should have a validator node with specs that match what we call standard hardware, as well as one or more sentry nodes to help isolate the validator node from attacks. After the infrastructure is up and running, you should have your Polkadot accounts set up right with a stash bonded to a controller account, and then submit a validate transaction, which will tell the network your nodes are ready to be a part of the network. You should then try and build a community around your validator to let others know you are trustworthy so that they will nominate you. The 1000 validators programme for Kusama is a programme that gives a certain amount of nominations from the Web3 Foundation and Parity to help bootstrap a community and reputation for validators. There may eventually be a similar type of programme for Polkadot as well. Dan: Thanks a lot for all the answers, Will. That’s the end of the pre-submitted questions and now we’ll open the chat up to live Q&A, and our three team members will get through as many of your questions as possible. We will take questions related to business development, technology, validating, and staking. For those wondering about DOT: DOT tokens do not exist yet. Allocations of Polkadot's native DOT token are technically and legally non-transferable. Hence any publicized sale of DOTs is unsanctioned by Web3 Foundation and possibly fraudulent. Any official public sale of DOTs will be announced on the Web3 Foundation website. Polkadot’s launch process started in May and full network decentralization later this year, holders of DOT allocations will determine issuance and transferability. For those who participated in previous DOT sales, you can learn how to claim your DOTs here (https://wiki.polkadot.network/docs/en/claims).
Telegram Community Follow-up Questions Addressed Below
Q: Polkadot looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention in Polkadot to give it the importance it deserves? What are your planning to achieve with your project?
A (Will): Personally, what I think differentiates it is the governance process. Coordinating forkless upgrades and social coordination helps stand it apart. A (Dieter): The wiki is awesome - https://wiki.polkadot.network/
Q: Over 10,000 ETH paid as a transaction fee , what if this happens on Polkadot? Is it possible we can go through governance to return it to the owner?
Q: What is the minimum ideal amount of DOT and KSM to have if you want to become a validator and how much technical knowledge do you need aside from following the docs?
A (Will): It depends on what the other validators in the ecosystem are staking as well as the validator set size. You just need to be in the top staking amount of the validator set size. So if its 100 validators, you need to be in the top 100 validators by stake.
Q: Will Web3 nominate validators? If yes, which criteria to be elected?
Q: How did you manage to prove that the consensus protocol is safe and unbreakable mathematically?
A (Dieter): We have a research teams of over a dozen scientists with PhDs and post-docs in cryptography and distributed computing who do thorough theoretical analyses on all the protocols used in Polkadot
Q: What are the prospects for NFT?
A: Already being built 🙂
Q: What will be Polkadot next roadmap for 2020 ?
A (Dieter): Building. But seriously - we will continue to add many more features and upgrades to Polkadot as well as continue to strongly focus on adoption from other builders in the ecosystem 🙂 A (Will): https://polkadot.network/launch-roadmap/ This is the launch roadmap. Ideally adding parachains and xcmp towards the end of the year
Q: How Do you stay active in terms of marketing developments during this PANDEMIC? Because I'm sure you're very excited to promote more after this settles down.
A (Dan): The main impact of covid was the impact on in-person events. We have been very active on Crowdcast for webinars since 2019, so it was quite the smooth transition to all-online events. You can see our 40+ past event recordings and follow us on Crowdcast here: https://www.crowdcast.io/polkadot. If you're interested in following our emails for updates (including online events), subscribe here: https://info.polkadot.network/subscribe
Q: Hi, who do you think is your biggest competitor in the space?
A (Dan): Polkadot is a metaprotocol that hasn't been seen in the industry up until this point. We hope to elevate the industry by providing interoperability between all major public networks as well as private blockchains.
Q: Is Polkadot a friend or competitor of Ethereum?
A: Polkadot aims to elevate the whole blockchain space with serious advancements in interoperability, governance and beyond :)
Q: When will there be hardware wallet support?
A (Will): Parity Signer works well for now. Other hardware wallets will be added pretty soon
Q: What are the attractive feature of DOT project that can attract any new users ?
A: We are working on integrations on all the biggest and best wallet providers. ;)
Q: What event/call can we track to catch a switch to nPOS? Is it only force_new_era call? Thanks.
A (Will): If you're on riot, useful channels to follow for updates like this are #polkabot:matrix.org and #polkadot-announcements:matrix.parity.io A (Logan): Yes this is the trigger for initiating the switch to NPoS. You can also poll the ForceEra storage for when it changes to ForceNew.
Q: What strategy will the Polkadot Team use to make new users trust its platform and be part of it?
Q: What problems do you see occurring in the blockchain industry nowadays and how does your project aims to solve these problems?
A (Will): Governance I see as a huge problem. For example upgrading Bitcoin and making decisions for changing things is a very challenging process. We have robust systems of on-chain governance to help solve these coordination problems
Q: How involved are the Polkadot partners? Are they helping with the development?
Q: Can you explain the role of the treasury in Polkadot?
A (Will): The treasury is for projects or people that want to build things, but don't want to go through the formal legal process of raising funds from VCs or grants or what have you. You can get paid by the community to build projects for the community. A: There’s a whole section on the wiki about the treasury and how it functions here https://wiki.polkadot.network/docs/en/mirror-learn-treasury#docsNav
Q: Any plan to introduce Polkadot on Asia, or rising market on Asia?
**A (Will):**We're globally focused
Q: What kind of impact do you expect from the Council? Although it would be elected by token holders, what kind of people you wish to see there?
A (Will): Community focused individuals like u/jam10o that want to see cool things get built and cool communities form If you have further questions, please ask in the official Polkadot Telegram channel.
On our website, you can find the original article:https://block.co/webcastqa-blockchain-in-healthcare/ Block.co third webcast ” Blockchain in Healthcare: Bridging Trust in response to COVID-19“ received amazing feedback! We gathered some of the best experts in the field, Georgina Kyriakoudes, Ahmed Abdulla, Dimitri Neocleous,Dr. Alice Loveys to share their experience in the industry and discuss with us the latest updates in the sphere of Healthcare! In its third series of webcasts, Block.co gathered 253 people watching the event from 59 different countries, for a 90-minute webcast where guests answered participants’ questions. Below is a list of the questions that were made and were not answered due to time constraints during the Blockchain in Healthcare webcast. Please note that the below information is only for educational purposes! Question 1: I like what Dimitrios was saying regarding ownership and transfer. Health and social care have invested much in Information Management systems and processes. Transfer between NHS and social care is a typical block. Can you elaborate on how the blockchain sits across that – leapfrogs yet goes with the grain of what is already there in terms of shared records protocols, the exponentially growing types of professionals, pharmacists, careers, etc. that need early access to these records for better decision making. Block.co Team Answer: Blockchain technology has the potential to improve healthcare, placing the patient at the center of the health care ecosystem, while providing security, privacy, and interoperability of health data. Blockchain could provide a new model for health information exchanges and transform electronic medical records to be more efficient, disintermediated, and secure. While it is not a cure, this new, Blockchain in Healthcare rapidly evolving field provides a sandbox for experimentation, investment, and proof-of-concept testing. Healthcare systems around the world are preparing road maps that define critical policy and technical components needed for nationwide interoperability, including:
Ubiquitous, secure network infrastructure
Verifiable identity and authentication of all participants
Consistent illustration of authorization to access electronic health data, and several other requirements.
However, current technologies don’t totally address these necessities, and as a result, they face limitations associated with security, privacy, and full ecosystem interoperability. Blockchain technology creates distinctive opportunities to scale back complexity, improve trustless collaboration, and create secure and immutable data. National Healthcare Systems need to track this rapidly evolving field to identify trends and sense the areas where government support may be needed for the technology to realize its full potential in health care. To form blockchain’s future, they ought to take into account mapping and gathering the blockchain ecosystem, establishing a blockchain framework to coordinate early-adopters, and supporting a pool for dialogue and discovery. https://preview.redd.it/p17us55i6f851.png?width=800&format=png&auto=webp&s=80570ea170e78a728d69abb1602effeed1a50116 Question 2: What about the “compatibility” of blockchain solutions in healthcare with GDPR and/or other regulations about personal data protection. Block.co Team Answer: The General Data Protection Regulation (GDPR), Europe’s new framework for data protection laws, has a vital impact on healthcare organizations. During this more and more patient-centric world where global healthcare organizations collect a large set of data on patients to produce improved health outcomes, this increased regulation has an even larger impact. GDPR presents challenges across all industries and includes language that has a special impact on healthcare. The regulation defines “personal” data as “any information relating to an identified or identifiable natural person (data subject); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person.” On top of this definition, GDPR contains three extra, important definitions that pertain to health data:
“Data concerning health” is defined by the GDPR as “personal data related to the physical or mental health of a natural person, including the provision of health care services, which reveal information about his or her health status.”
“Genetic data” is outlined by the GDPR as “personal data relating to inherited or acquired genetic characteristics of a natural person which give unique information about the physiology or the health of that natural person and which result, in particular, from an analysis of a biological sample from the natural person in question.”
“Biometric data” is “personal data resulting from specific technical processing relating to the physical, physiological, or behavioral characteristics of a natural person, which allows or confirms the unique identification of that natural person, such as facial images or dactyloscopic data.”
As described in Article 6 of GDPR, processing of personal data is considered lawful if: (1) the data subject has given consent; (2) it is necessary for the performance of a contract to which the data subject is a party; (3) it is necessary for compliance with a legal obligation; (4) it is necessary to protect the vital interest of the data subject or another natural person; (5) it is necessary for the performance of a task carried out in the public interest; (6) it is necessary for the purposes of the legitimate interests pursued by the controller or third party. However, healthcare organizations that usually manage health data, have an added responsibility to take care of “data concerning health,” “genetic data,” and “biometric data” to a higher standard of protection than personal data, in general. GDPR prohibits the processing of these forms of health data unless one of the three conditions below would apply as per Article 9. a. The data subject must have given “explicit consent.” b. “Processing is necessary for the purposes of preventive or occupational medicine, for the assessment of the working capacity of the employee, medical diagnosis, the provision of health or social care or treatment or the management of health or social care systems and services …” c. “Processing is necessary for reasons of public interest in the area of public health, such as protecting against serious cross-border threats to health or ensuring high standards of quality and safety of health care and of medicinal products or medical devices …” Consent VS Explicit Consent – If one pays attention, there’s a difference in the GDPR’s health data use conditions (calls for “explicit consent”) and the general definition (calls for “consent”). Thus, there’s an ongoing debate as to what constitutes the difference between “unambiguous” and “explicit” consent. Despite the debate and the final legal clarifications, there is no doubt that in the purposes of the healthcare the “explicit consent” must have the strongest agreement form listing in detail the use(s) of data and covering the cases of data transfers and storage. Question 3: How can we use blockchain technology by the government in Africanflavored government, say by Ministry of health to have patient autonomy of medical records that can be accessed by any government hospital irrespective of the ailment and record printed by the previous hospital and doctor, such as referral cases without having to open a new file in the referred hospital. Block.co Team Answer: Perhaps that would be an ideal implementation of the Block.co solution issuing a digital certificate of medical examination on an Open Public Blockchain such as the Bitcoin blockchain, that would be decentralized in nature, easy to validate online without any special wallets, and would be provided by the patient on-demand, to refer to treatments received in other hospitals or areas. But this would require that the practitioner is aware and can use the open-source code or use Block.co services to issue these certificates. Alternatively, there could be the use of a wallet to store these medical credentials to be submitted on demand to health practitioners. Moreover, there would need to be an alignment of regulation in the matter as decentralized repositories are not recognized at the moment. Question 4: Is there any data breach threat in the blockchain using a poorly protected private key at communication? Block.co Team Answer: Millions of health care records have already been breached, and in attempts to combat this issue, solutions often result in the inaccessibility of health records. Health providers often send information to other providers, and this often ends up in mishandling of data, losing records, or passing on inaccurate and old data. In some cases, only one copy of an updated health record exists, and this may result in the loss of information. Health records often contain personal information such as names, social security numbers, and home addresses. When it comes to Blockchain in Healthcare, a poorly protected private key is always a factor to consider. A private key allows us to sign a transaction and spend funds residing in an address (public key) by providing ownership with the signature. It is a unique string of information that represents proof of identification inside the blockchain, which includes the right to access and control the participant’s wallet. It must be kept secret, as it is effectively a personal password. In the case that that private key is poorly protected, there is always a data breach threat. Question 5: The medical record of a patient is owned by the patient. What happens if a doctor accesses the record without the consent of the patient? Using the smart contract, could there be a governing body, say a legal system that can call the doctor to order? Block.co Team Answer: Rather than having each physical and electronic copies of records, blockchains may enable the shift to electronic health records (EHR). When looking at Blockchain in Healthcare, medical records on the blockchain would be within the management of the patient rather than a third party, through the patients’ private and public keys. Patients may then control access to their health records, making transferring information less cumbersome. Because blockchain ledgers are immutable, health information may not be deleted or tampered with. Blockchain transactions would be accompanied by a timestamp, permitting those with access to maintain updated information. The doctor would not be able to access the record without the consent of the patient. A patient would need to sign the transaction in a smart contract in order to transfer patient details to the doctor. Question 6: So, how are private data protected when the patient is simply notified that unauthorized access just took place on her medical record? and, how are the negative results of this breach rectified towards the patient? Block.co Team Answer: The patient would be notified to sign a transaction enabling access to the party requesting access to the specific medical record. In other cases, there could be a multi-signature wallet requiring multiple transactions in the cases where the patient may need assistance, for example, when underage or when not in a healthy state of mind, or being non-responsive or in critical condition. The patient needs to be responsible for his own data and be empowered through awareness and know-how of this technology. With great power, comes also great responsibility, although it is yet a challenge to enable computer illiterate people to interact with this technology. Question 7: Can the same record of a patient still be shared with private hospitals and say another government/private hospital abroad on the same blockchain? Block.co Team Answer: Depending on whether the information is on a public blockchain or a private blockchain. When on a private blockchain, they will need to be granted permission to access the blockchain accordingly. Question 8: No one has directly spoken about ownership where a large research institution/ consortium is working with the data – it is not solely the person who has said so… Block.co Team Answer: Indeed, it is solely not the person who has a say so. Technology may be used in both evil and good ways and it is still the obligation and responsibility of people within governments to ensure human liberties and rights are preserved when utilizing such powerful technologies such as blockchain and sometimes the combination of blockchain with AI, IoT, and biometrics. Blockchain in Healthcare, in the same way, that it can empower individuals and increase their standard of living and prosperity, at the same time, it can also empower corrupt governments with alternative agendas and totalitarian states. Block.co believes it is most important for people to be educated around the matter and be able to form a voice and movement to safeguard their human liberties and rights, hence our continuous effort on discussing these matters with our community and providing education, powered by the pioneers in the space, the University of Nicosia. We would like to thank everyone for attending our webcast and hoping to interact with you in future webinars. If you would like to watch the webinar again, then click here! For more info, contactBlock.codirectly or email at [email protected]. Tel +357 70007828 Get the latest from Block.co, like and follow us on social media: ✔️Facebook ✔️LinkedIn ✔️Twitter ✔️YouTube ✔️Medium ✔️Instagram ✔️Telegram ✔️Reddit ✔️GitHub
The last month in the world of Mousecoin has been HUGE! There have been many changes, the addition of new awesome ways to earn MIC3 including ourFaucetspage and thePhoneumGames. We have also seen the launch of ourCommunity Membership, which entitles each registered user to receive up to 200,000 MIC3 per month. We hope you are all keeping safe and are happy to provide you with our Mousecoin Network May 2020 Report.
MOUSECOIN IN GAMES!!
FINALLY, after months of negotiation and with the help ofPhoneum, Mousecoin has partnered withPhoneumto be included in two of the most popularPhoneumcrypto games currently available.We have added a newGamespage, whiche features all the information and link for the games, with more to come.Here is the run down:
📷 Crypto Treasures is a game, where players complete various quests, trivia and mini games to unlock Gold (in-game currency), Treasure Chests, Items, Collectibles, and various Crypto currencies, including the featured Mousecoin (MIC3).
📷 Visit a new type of planet, one that allows you to earn real cryptocurrencies while playing a beautiful and futuristic game. The main objective is to extract the valuable resources of the planet: Crystals. There is a special machine designed specifically to dig up the Crystals automatically and deliver them to you. All you have to do is activate the Digger and after 4 hours, it will have the resources ready to be claimed.
Earn up to 200,000 MIC3 Per Month!
At the beginning of last month we began establishing ourCommunity Membershipwhich offers all registered Mousecoin Members a share of the rewards earned from theCommunity Fundjust for being a member and following Mousecoin on all of oursocial media.As we come to the end of the first month we are currently in the process of checking all registrations and working out payments. We have also updated the profile page to include a Member News tab, Verified Notifications for each Social Media and a Monthly Payment History section. We are currently working on verifying all accounts registered before 1/6/2020, and should have all of these processed in the next few days, with all payment going out before the end of the week.
Become a part of the Mousecoin (MIC3) Community.Membership is FREE and it comes with HUGE bonuses!!
Just a reminder for the community and also for any new members, we have added aWallet Setup Guidespage, which takes any first time user of Mousecoin step-by-step through the process of installing their Mousecoin wallet and getting it online. The guide uses the latestblockchain snapshotfound on theWallet DownloadsPage in the example explanation meaning that all new members of the Mousecoin community will be able to get their wallets online faster as the sync time should be minimal. We will be updating theblockchain snapshotat least once every month to ensure that people have access to the most up to date blockchain info. The latestblockchain snapshotwas performed on the 1st June 2020. The wallet version is currenty V126.96.36.199, with future releases of the Mousecoin wallet coming soon If you are new to crypto currency or just after a bit of guidance setting up the Mousecoin wallet, check out ourWallet Setup Guides 📷Windows 📷Raspberry Pi 📷Wallet & Blockchain Snapshot Download (UPDATED 01-06-2020)
POS & STAKING
In the last month we asked the community if they would be interested in being a part of a Community Staking Pool. After investigations into this finding security flaws in most platforms, as well as the lack of interest from members of the community we have decided to not go ahead with the Community Staking Pool. While we understand that there are members of the Mousecoin Community that are unable to stake themselves for whatever reason, and that there are a number of staking platforms that offer pool staking for MIC3 to help these people stake, we will not officially be supporting any staking platforms.We ask all Community members using these or thinking about using these to keep in mind that any MIC3 hosted on these platforms is not in their wallets, and therefore not controlled by them. Do proper investigations into any platform that you use for this as there is always the possibility of loss. We encourage all members of the Mousecoin Community to stake from their own wallet (where possible) as this helps us to secure the network. If you need help setting up your wallet, go to ourWallet Setup Guidespage for step-by-step guides on setting up your Mousecoin wallet.
We have updated the Mousecoin (MIC3)FaucetsPage: To make things clearer and we will be adding more faucets soon!
Last month we saw the edition of theUSDT/MIC3pair tonanu exchange. In our efforts to increase exposure of Mousecoin, we are still attempting to list on bothATAIXandUnnamed.Exhchange. ATAIXWe have risen to 18th position in the voting list onATAIX, but we still need your votes. Remember you can vote every 24 hours for this listing, and you can share in 125,000,000 MIC3 📷 Unnamed.ExhchangeThe exchange listing forUnnamed.Exhchangeis 0.05 BTC.For anyone unfamiliar with the exchange there are two ways that you can donate to the listing: 1. If you are already a member of, or wish to be a member ofUnnamed.Exhchange(and why wouldn’t you), you can put funds towards our listing by tipping us through the trollbox (Mousecoins). If you wish to be a member ofUnnamed.Exhchange, you can register here:https://www.unnamed.exchange/Login/Register 2. You can also donate to the listing fee through the following addresses:BTC – bc1qmaqzhfqcw0urva0rtgfz5qvq4rw7kdnp6j7754LTC – ltc1qc775eeftdde2jrevnyukrd2w9853jy5gmtv6rnDOGE – DEnBpriaFnKiNeBv6Q7MVxMg5hLv5urQFgUTIP – AUTyu2JhGAaCkM3KAmeBopto2bNBchNJfE If you would like to donate in another crypto available onUnnamed.Exhchange, we have opened up the chat on the Discord channelHEREto assist with this. Please request the address and we will provide it for you.ANY AND ALL DONATIONS ARE WELCOME!!This is a good exchange and getting a listing her should help lift the profile of MIC3. We will be reporting balances to the discord channelhttps://discord.gg/cYuA8FA
📷 In the last month theCommunity Fundhas undergone a huge amount of change. We have completely moved all of our remaining balances away from 4Stake, with the MIC3 going to theCommunity FundMIC3 account and the remaining crypto’s towards out listing onUnnamed.Exhchange. TheCommunity Fundpage on the website has also been updated to reflect all of the changes.It is an exciting time for theCommunity Fundas we have now reached a balance that will sustain itself. This is why we have introduced the Community Member payment, and are able to sustain the faucets we have onhttps://erex.io/freecoin/and in thePhoneumGames. There is still more to come! 📷
List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)
Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example. Any that I am missing?
Bisq (💵) client [NO KYC] <-- Fully decentralized and non custodial. Uses Tor, automatically. Guide
HodlHodl [NO KYC] <-- Non custodial. Not available in the U.S.
LocalCoinSwap (💵) [NO KYC] <-- For ETH, and ERC-20, LCS is Non custodial. BTC is custodial yet
IQ.Cash Cryptocurrency - Way To Generate is good service
https://preview.redd.it/09qg35tzgdx41.jpg?width=512&format=pjpg&auto=webp&s=b45ef29b97cea3d317e54c14ee61ea5968ad4830 The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem . cash and so on. All of these unique features can help make the IQ.cash platform popular around the world. You may come to this article to find out about the massive passive income, but worth noting that you should know what it is about. Think about it, investing money to something vague is very risky. Thus, what is IQ cash? To make it brief, this is another cryptocurrency that has quite clear and potential income. Just like bitcoin, this IQcash has a potential fluctuation which increases and give great passive income through the magnificent distribution splits. It is also easy to say that IQ cash is an investment master nodes Cryptocurrency which is open for everyone. In this matter, whether it is for investors, traders, or even miners. Yes, those who are familiar with the world of cryptocurrency are the target of this project. The main task is to provide instant anonymous online payment along with the investing system. The IQ cash platform ecosystem work as DAO (decentralized Autonomous Organization. https://preview.redd.it/wgl5icd1hdx41.jpg?width=640&format=pjpg&auto=webp&s=0f0e8a7b032633c2e526f8f01bb1efc2cb659323 One thing that makes this digital money gain quite a lot of participants in the available wallets. Not a real physical wallet, but one to store all your cryptocurrency. In this case, the wallet is available for Windows, Linux, and Mac. You can choose one that fits with the equipment you have. Along with that, you can install the masternode on your home pc or Linux VPS. Your masternode will just do the earning rewards, without all the other extra features. If you want to install, you can use PC running windows Mac or even Linux. However, on VPS you have to use Linux with Ubuntu 16.04 version. Other than that, there are some requirements you have to fulfill. The first one is having a 3000 IQ or more on balance. Even 3001 coin is acceptable. Then, use only one PC for dedicated IP-address and also a 24/7 network connectivity (network loos less than 30 – 60 mins) without any interrupted operating system. Security - it is the most considered aspect of investment, as we know that investing in cyberspace is very risky. Therefore, IQ.Cash presents the security of investor accounts, where all accounts cannot be blocked and, most importantly, account funds can only be accessed by the account holder. Masternodes - how do we know IQ. Cash uses the PoW consensus algorithm that supports the Masternode system. this certainly adds to the intrinsic value of this project, which economically can add a value of approximately 43% and indirectly increases passive income by around 57% for all participants in the masternode. Masternode provides network integrity. Transaction anonymity and transaction speed. Of course, to run a masternode system, everyone can only invest 3000 IQ and then immediately enjoy the results obtained with this IQ.Cash masternode feature. Anonymity of the transaction - this is more about the privacy of the transaction itself. where users can completely trust the system. and you don’t have to worry about data access by irresponsible parties. because the system automatically encrypts data when transferring and receiving assets https://preview.redd.it/7k0i4s47hdx41.png?width=640&format=png&auto=webp&s=cc9b5ced02917e1549e9b963805785df93b332d2 The IQ.cash platform operates on the basis of the POW consensus with support for a system such as MASTERNODE. And this is very cool, since this system makes the project more interesting and attractive for crypto enthusiasts. Indeed, thanks to the MASTERNODE system, miners receive 43% from mining, and people who own MASTERNODE receive a passive income of 57%. MASTERNODE supports the network, i.e. data privacy, transaction anonymity and speed, and much more. To become the owner of MASTERNODE you need to have more than 3000 IQ on your balance sheet. Anonymity. Transaction anonymity is provided by the PrivateSend algorithm. Users can feel safe and not worry about their assets. Since this system perfectly encrypts data. Therefore, you can safely send and receive any crypto assets. ASIC RESISTANCE. This technology is struggling with such a serious problem as a significant acceleration in the growth of network complexity. IQ network . cash works on the basis of the NeoScrypt algorithm, which is struggling with this problem. High transaction speed. Such an instant transaction speed, because the InstantSend algorithm works. Just think about it, the transaction speed is only about five seconds. Absolute decentralization. Affect both participants and crypto assets of the IQ network . cash no one can. Because everything will be safe, reliable and transparent. Only requires a transaction speed of only about 5 seconds / transaction. And all transactions are done instantly, so this will provide a very efficient way of working for the users later. more and more projects have started to appear, whose actions are directed to one of the niches of our daily activities. This is excellent, we have been waiting for this for many years, but at the moment, strange as it may seem, projects aimed exclusively at the crypto industry have become a minor order of magnitude. It was simply impossible to take it. And now a project has appeared on the horizon that positions its activities exclusively as a useful product for mining companies, investors and even traders. As it turned out, the team has a work product, whose currency is traded on many major exchanges. That's good luck, I smiled and started to study the IQ.cash project and its capabilities. Go back to the main interface and choose a personal tab (bottom right corner). Then, move to the next phase by choosing the Fee & Payment tab. You will see fee balance, FLS, BTC fee deposit address, and other information. In here, copy the IQ.cash wallet address in the FLS address tab. To move on to the next stages, you should have bought the required number of IQ cash (3000 IQ cash) beforehand. You can buy the IQ cash masternode from the official sites. Official Resources Website: https://iq.cash/ Discord: https://discord.gg/qekuX6r Github: https://github.com/IQ-Cash/iqcash/releases Youtube: https://www.youtube.com/finexpo ANN thread: https://bitcointalk.org/index.php?topic=4360591 Twitter: https://twitter.com/IQ\_Crypto Telegram: https://t.me/IQ\_cash Wallets: https://iq.cash/ Explorer: https://explorer.iq.cash/ AUTHOR: Lost Stories Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2733279
DeFi---- Global trend leader of decentralized financial plan
DeFi---- Global trend leader of decentralized financial plan DeFi Plan is decentralized financial plan,in Chinese name“project Difi”. There is very successful open source decentralized project around the world,which is run by a guy name Satoshi Nakamoto.Whose Chinese name is Zhong Bencong,invented bitcoin with justice and great love.It's the first free currency issued by the bottom of society in human history.Through 11 years,the belief and consensus of the bottom people,makes bitcoin appreciate 2000 million times. DeFi Plan as same as Satoshi Nakamoto invented bitcoin,open source in Microsoft's most authoritative Github.com.All the code,system and rule are deployed in the Ethereum.And run with decentralized public chain of smart contracts.Open source code such as the law including the creator of any person can not tamper with it. Whether you are participants of DeFi Plan or not,people all over the world can check the number of ETH on Ethereum's blockchain browser.Each static and dynamic benefit is recorded on the Ethereum public chain with great precision.Without open source centric projects,you just know how much money you have invented.But you never know how many bank notes,BTC or ETH are collected on the trader's account.Wake up every day, the first thing is log on to see if you can log on to thewebsite.And the first time is generate income to cash withdrawal.Because the system is likely to shut off the net in second.That moment is in fear!Over the past 20 years,only SMI,AGK and a small number of centralized projects are more successful.99.99％ of the total project with a very bloody fruit that is shut off the net. Today,DeFi Plan has a comprehensive layout of IPFS.People all over the world can participate in DeFi Plan and get IPFS mining and financing income. IPFS is the underlying Internet protocol HTTP,thoroughly solve the centralized data storage cost,low security performance,vulnerable to attack,not permanent storage and other shortcuting. Plastic United States Securities Regulatory Commission.Approved by SEC,Sequoia Capital Stanford University and other dozens of the world's top capital investment. HTTP storage market value has reach 3.2million dollars,IPFS is Internet decentralized storage revolution.IPFS will create a million dollars market.And IPFS's incentive layer token,FILECOIN will be the next million times in the currency.Start online with DeFi"869"Plan,each consensus can get DFP digital certificate 1:1 free,constant 1.1billion.Go online more than 200 global mainstream exchanges.The first 8 years plan to complete the independent decentralized exchange,decentralized B2C mall,decentralized games and other ecology.DFP certificate should be use in the entire ecological.The second 6 years plan:Landing ecology list in the global main board of the financial market,to accelerate the global layout of the blockchain production industry.The third 9 years plan is to complete the application of interconnecting all things in global intellgent blockchain. All the people around the world who want to escape the centralization project, with your non-critical 0.5ETH,can participate in DeFi Plan. DeFi Plan's system is based on the scientific human nature.More work and more gains.Regardless of the size of the contribution can produce benefits.The investment income is allocated scientifically between 0.3％~1.5％ of Turing encryption algorithm.The rule of system is directly calculation,algebra,single zone,double zone,sunlight,gradation,split,cooperation,mining profit,game profit and Turing encryption.Ethereum's smart contract is a powerful security system against DOSS and hacker attack.And effectively protecting t long-term development of DeFi Plan run in safe. You might ask:Can DeFi Plan achieve success? DeFi Plan will tell you that the entire Ethereum DeFi Ecology,has made more than 1 billion USD development.Decentralized financ will be the inevitable trend in the future. Wealth System: DeFi Plan is initiated by BTC and IPFS global miners in deep web.Open source at Microsoft's Github.com.And the development of Ethereum decentralized smart contract public chain.Automatic clearing on automatic operation. Ethereum smart contract has a strong DOSS and hacker attacks firewall comprehensive protection of the DeFi Plan code safe operation.Be fair,transparent,impartial and never shut off the net. All the people around the world who want to get of centralized programs.You can learn DeFi Plan by using 0.5 ETH as a reference.Let's learn about DeFi Plan. First: Income from investment and mining(0.3％-1.5％) 1.You invest 0.5-0.9 ETH to double income in the total. 2.you invest 1-5 ETH to 2 times income in the total. 3.you invest 6-10 ETH to 2.5 times income in the total. 4.You invest more than 11 ETH to 3 times income in the total. Note: every consensus can get DFP digital currency in 1:1. Second: Straight pile calculation in 5％ Third: Straight pile champion(top 100 in the world) Add 2％ every day to the championship pool.The prize pool up to 300 ETH and put in once every 7 days. 1.Champion wins 20％ ETH of the pool. 2.Runner-up wins 10％ ETH of the pool. 3.Third place wins 5％ ETH of the pool. 4.The forth-tenth win 2％ ETH of the pool. 5.The 11th-20th win 1％ ETH of the pool. The 21st-100th win 0.5％ ETH of the pool. Note:Champion to 100,according to the number of reward ETH 1:1 to get DFP digital currency. Fourth:node power income(enjoy static income) 1.Recommend 1 nodes: enjoy 1 generation 20％ 2.Recommend 2 nodes:enjoy 2 generation 10％ 3.Recommend 3 nodes:enjoy 3 generation 5％ 4.Recommend 4 nodes:enjoy 4 generation 3％ 5.Recommend 5-6 nodes:enjoy 5,6,7 generation 2％ 6.Recommend 7-8 nodes:enjoy 8,9,10 generation 1％ 7.Recommend 9 nodes:enjoy 11-29 generation 0.5％ 8.Recommend 10 nodes:enjoy 30 generation 10％ Fifth:Calculation of miner's gradation 1.(Ordinary miners) your recommended point,a market cumulative 200 ETH,a market cumulative 150 ETH you get under the umbrella of miners new 5％ ETH. 2.(VIP miners)your recommened point,a market cumulative 600 ETH,a market cumulative 450 ETH,you get under the umbrella of miners new 10％ ETH. 3.(Senior miners) your recommended points for miners,1 market cumulative 1800 ETH ,1350ETH accumulated in the market,you get under umbrella of miners added 1.5％ ETH. 4.(Super miners)your recommended point,a market cumulative 5400 ETH,a market cumulative 4050ETH,you get under the umbrella of miners new 20％ ETH. Note:Senior miners will get 2,000 DFP digital currency at one time,and super miners will get 5,000 DFP digital currency at one time. Sixth:Every day global mining pool dividends 1.VIP miners get 3％ global ETH weighted bonus. 2.Senior miners get 2％ ETH weighted bouns. 3.Super miners get 1％ ETH weighted bouns. Seventh:Direct access to VIP miners. One time investment of 30 ETH in your own wallet address,directly and permanently enjoy 10％ VIP miners and 3％ ETH weighted global dividends. DeFiPlan system is based on directly calculation,algebra,single zone,double zone,sunlight,gradation,split,cooperation,mining profit,game profit and Turing encryption.The system is scientific humanity and all contributors have profits. The global economic crisis caused by the new crown epidemic in 2020.At the Same time，human beings began to enter the era of artificial Intelligence and block chain on an all-round way.Enterprise bankruptcy and unemployment will be normal. Every years the ordinary people in the bottom layer who are cutting by the centralization fund project.There is not much really available to us.Thus worth fighting for DeFi Plan. Grand sailing is about to begin in mid-April 2020! Let us go hand in hand to create brilliant!
I believe currency, especially global decentralized ones, is a winner take all. There's an opportunity cost to holding two currencies. I can't have my maximal purchasing power in both, as one will be weaker. The only way for nano to succeed is to convince regular people to adopt it. And the best way to get regular people to adopt it, en masse, is to convince Bitcoin holders to give up their coins and switch. As of right now I'm not convinced. Here are my options 1)Fiat Pros: accepted everywhere around me. Transactions are instant for their purposes Cons: inflation Robs me of purchasing power 2)Bitcoin Pros: can't debase it, so it's a better store of their purchasing power, when used to save (long term) than Fiat since governments can't stop their printing machines. Has the largest cryptocurrency network (really big) with the most liquidity in it so you can spend it at places Cons: At places where I can't use Bitcoin I can Sell Bitcoin easily and still have increased/not decreased my purchasing power over Fiat. Transaction fees, but I have saved money overall because my currency hasn't been debased. 3)Nano Pros: instant and free transactions Cons: abysmal adoption. What's the point of no fee transactions when I can't find anyone to spend it on? Why would I save in nano when I can save in a better currency and have more purchasing power? The nano:btc ratio doesn't bode well with me and I would be losing purchasing power switching over, with no one to transact with at the end. Sure I can sell nano for Fiat when needed but that's a waste of exchange fees and I should've just stayed in Fiat. Also I would've gotten more Fiat if I had stayed in bitcoin For the average person, there's no real urgency to buy nano. Is there something I can only buy with nano that I want? With Bitcoin, a person can understand the need for a safe store of value that won't be debased by a government. Nano can't be debased as well, but you'll be be losing purchasing power compared to Bitcoin that offsets any fees. Onto the actual technology, I have some questions and concerns: Free and instant means everyone in the world can send to themselves infinite times. Transaction flooding is simply sending as many valid transactions as possible in order to saturate the network. Usually an attacker will send transactions to other accounts they control so it can be continued indefinitely.. The attack is rated moderate. Defense is a pow that doesn't adjust? Because if it did then people won't be able to send if an attacker raises the proof of work. Who's the authority of what is spam? What if a business needs to make infinite transactions to their internal wallets. It's free right? And their solution only involves pruned nodes. Not full nodes which is needed to make the system trustless. Don't give me buzzwords like v20 is coming out. Tell me exactly how free and instant can work without bloating the requirements to run a full non pruned node. If this would be the world currency, if it advertised free transactions then people would utilize that feature. I don't think nano has true finality that Bitcoin offers. https://docs.nano.org/glossary/#open-representative-voting-orv If I'm understanding this right, it depends on who your representative is and they get to choose the right chain based on their percentage of the total supply. What if people lose their coins and it comes to a situation where we can't have someone decide? The software can be changed to lower the threshold right? But what if someone miraculously found their coins and voted on another history of the chain. If I'm understanding correctly, if there's no conflicts then consensus is fast. But in the future if everyone on Earth can make many free and instant double transactions, how will one know which one is the final chain? Also it seems like sometimes a minimum of 21% is needed to reach consensus because not all nodes will be online to vote with. A node treats a transaction as confirmed only if the number of votes of the send block is over the "confirmation quorum" of 50% from the voting weight of the representatives which are online (with a minimum of 45% from the maximum voting weight - 133 millions), so at the minimum, a transaction is confirmed with 22% from the maximum voting weight (133 millions). What... I like how Bitcoin has 100% consensus when confirmed in a block. 22% consensus is like a Bitcoin 0 confirmation. The threshold can be set by the user, but doesn't that mean there could be a another history of the network?
Bylls — the Canadian Bitcoin bill payment service by Bull Bitcoin — celebrates its 6th birthday
I sometimes find it hard to believe that it has already been 6 years since the public launch of Bylls on January 13 2014. What started out as a simple and humble “garage startup”, the world’s first Bitcoin bill payment service, evolved into so much more. Bylls eventually became the company that people know today as Bull Bitcoin, and it is from Bylls’ UASF advocacy that sprouted the Cyphernode open-source project. I also like to think of Bylls as a “bitcoin culture” institution that served as the vanguard of the Bitcoin Maximalist and Cypherpunk movements within the Bitcoin exchange and payments industry. Happy Birthday Bylls! 🎂
What is Bylls?
For those of you who don’t know about Bylls, here’s a short summary:
Bylls lets Bitcoin users pay any bill in Canada with Bitcoin. We offer a comprehensive list of nearly 9000 billers (credit cards, utilities, telcos, taxes, brokerage accounts, law firms, “joe the plumber”, etc.)
Bylls lets Bitcoin users pay anyone or any business in Canada with Bitcoin by adding them as a personal payee (rent, employees, suppliers, friends).
The recipient of the payment doesn’t need to do anything and doesn’t even need to know you are using Bitcoin, as long as they are on our biller list or the user has his banking details.
Bylls is available exclusively to residents of Canada and all the recipients must also be, exclusively, individuals or companies residing in Canada.
Mission: Building the software and financial infrastructure for the Bitcoin Standard.
Short history of world’s first Bitcoin bill payment service
Bylls was founded in 2013 by Eric Spano, a Montreal entrepreneur part of the original Bitcoin Embassy team. Eric, one of my earliest and most influential mentors, is a true Bitcoin OG. Check out his 2014 Bitcoin Ted Talk or his 2019 Podcast on Tales From the Crypt which describes in great detail the inception of Bylls. When Bylls was launched, I was Public Affairs Director at the Bitcoin Embassy, the world’s first physical Bitcoin hub (a 14,000 square feet building downtown Montreal). Bylls was effectively a one-man operation, with Eric doing pretty much everything himself. I wasn’t directly involved with the company, but Bylls was one of the startups in the Embassy’s incubator program, so I was helping out in various ways. My first “public appearance” in the Bitcoin industry was actually to man the Bylls booth at the Toronto Bitcoin Expo in 2014! In 2015, Eric was offered a huge career opportunity that he couldn’t accept without stepping down from running Bylls. It was to me an inconceivable tragedy for Bitcoin to let Bylls quitely close down. For the past 2 years, whenever somebody asked me “what can you do with Bitcoin?”, I would always reply “well, for starters, you can pay all your bills in Canada, even your taxes and your credit card”. What was I going to say now? I had just founded my company Satoshi Portal Inc. with the aim of developing a non-custodial Bitcoin exchange (which eventually became Bull Bitcoin). And so, I acquired Bylls from Eric and it immediately became the focus of all my energy. For the first year, our team consisted of only 2 people including our lead developer Arthur which is still working on Bylls features to this day. From the beginning until today, we are still 100% self-funded. We grew organically and slowly. My philosophy on entrepreneurship and startup scaling is articulated in this medium post.It has been an incredibly intense journey. I cannot think of a more challenging professional experience than being a startup founder and entrepreneur in the Bitcoin industry. The number of Bitcoin startups that have perished since is a stark reminder. Some of them sank quietly, but many went down in flames taking down their users with them. The fact that Bylls is still standing — without VC funding and with its reputation intact — is my proudest achievement. Over the past 4 years. we completely redesigned the software, continuously adding new features, but the core of the service remained the same. Most importantly, we added the ability for users to pay any individual or business in Canada by creating a personal biller from their bank details. Previously, they were limited to Bylls’ biller list of around 9000 billers. One of the defining moments in the history of Bylls was UASF. Bylls was one of the first Bitcoin companies to support BIP-148 for the activation of Segwit (second after Bitconic). Not only that, but we were the first to run a public BIP-148 block explorer and public UASF electrum server. We had done a “seppuku pledge” regarding BIP-148, meaning that we would only accept coins from the UASF segwit chain and would pay the Bitcoin market price for them. If UASF had failed, we would not have survived. This cemented our ideology of “skin-in-the-game”. We would never compromise on our values, no matter the cost. Our policy on forks (2017) was described here. But the jist of it is:
Satoshi Portal is a Bitcoin-only company and does not conduct any transaction in any altcoin, including altcoins that are the result of a fork of the Bitcoin blockchain and which can be spent with Bitcoin private keys. This includes, but is not limited to, the coins commonly referred to as BCash, Segwit2X, BGold, Clams and Lumens.We strongly oppose the “New York Agreement” and will under no circumstance ever recognize the Segwit2X blockchain (and BTC1 client) as Bitcoin, regardless of market response or hashing power. In the unlikely event that an overwhelming majority of the Bitcoin ecosystem migrates to the Segwit2X blockchain, Satoshi Portal will continue nevertheless to support the Bitcoin blockchain.
Following the UASF/NO2X “war” in 2017, we devoted a large prortion of ressources to building Cyphernode, an open-source project that makes it very easy for startups to build and deploy Bitcoin applies without any third-parties, using exclusively their own full nodes. We are still developing this project today and plan on actively maintaining it in the future. It is also worth noting that Bylls has never accepted any altcoins and was one of the first company to pledge never to accept altcoins in the future, leading to what became the “Bitcoin-Only” movement. We were also the first Bitcoin exchange and payment processing company, to our knowledge, that has integrated coinjoin as part of its processes.
Unbanking yourself with Bylls
The coolest feature of Bylls is that you can pay pretty much all your expenses with Bitcoin without needing to go through a bank account. In Canada, you can obtain a credit card without having it linked to a bank account. In 2016, the last of my personal bank accounts was closed due to my activities in the Bitcoin industry. I decided not apply at another bank and try the experiment of living completely unbanked. I’m happy to report it was a success, and serves as a powerful testament for the use-cases provided by Bylls. I really like the idea of not owning any fiat. You can pay pretty much all daily expenses with a credit card, and pay back the debt with Bitcoin. Of course you have fiat-denominated debts which conveniently tends to diminish in price over time. You can withdraw cash from a credit card and pay it off instantly with Bylls, so you can get access to cash at any time, in any country across the world, without having a bank account. The only inconvenience is the cash advance fee. When you have to pay larger amounts such as rent or whatever services don’t accept cash or credit card, you can find the biller in the Bylls list or ask the recipient for his banking details, the same as you would for a wire transfer.
The future of Bylls
Many people ask us if we intend to expand outside of Canada. The answer is, unequivocally, no. We will always be a Canada-only, Bitcoin-only company. That doesn’t mean that we stop working hard to improve our services. We will continue to be the first to integrate the cutting-edge Bitcoin technologies that Here is are some of the features you can expect in 2020:
Pay billers via Interac E-Transfer instead of Direct Deposit only
More advanced Coinjoin and privacy features
Bylls merchant services: Bitcoin-payable invoices to clients
[66,666 SERO GIVE OUT] AMA: Approaching the paradise of privacy protection
Dear PBank users, At this stage, blockchain systems not only have Bitcoin and other public chain systems as the infrastructure of the value Internet, but also decentralized smart contract systems such as Ethereum that use account-based models. However, although these systems have their own superior or powerful or expressive technologies, the implementation of these technologies currently lacks the privacy protection of transactions and has has become the obstacle of a series of economic activities in the real world, such as supply chain management, financial transactions, social networking, etc. How to achieve programmability on the basis of anonymity, and reduce the time to securely generate private transactions, and at the same time achieve interesting application scenarios such as issuing private tokens and conducting dark auctions? At 7 pm on March 28th, PBank will cooperate with SERO to host an online live event (Ask me anything) called “Access to the Paradise of Privacy Protection”. SERO Global Chief Strategy Officer Tony Tang will take us to the first anonymous public chain SERO and answer all of the above doubt. At that time, there will also be 66,666 SERO airdrops to the PBank community. Welcome to scan the code and add the assistant WeChat to participate in the event! [AMA time] 19: 00-20: 00, March 28, 2020. [About SERO] SERO is the world ’s first platform to truly provide privacy protection for decentralized applications. It has received early investment from LD Capital, Quantum Foundation, and former IDG partner Zhang Suyang, and and has also received extensive attention from node platforms including okex mining pool. At present, PBank has reached a deep strategic cooperation with SERO, and PBank has joined as a SERO node platform. Risk reminder: Digital currency is a high-risk investment method. Investors are advised to purchase with caution and pay attention to investment risks. Pbank will select high-quality currency, but will not undertake guarantee, compensation and other responsibilities for investment behavior. PBank team March 26, 2020 About PBank PBank is a global digital asset service platform registered in Singapore and controlled by Dade bank of America, providing users around the world with safe, stable and convenient integrated digital asset service. PBank pays attention to compliance, and has obtained cooperation with local regulatory agencies in overseas countries. It has many compliance licenses and compliance support from America(MSB license), Kyrgyzstan and other overseas countries. PBank develops diversified business strategy. It not only has operation centers in many places around the world, but also includes digital asset bank, investment bank, digital asset exchange and digital asset wallet. PBank provides users with industry-leading transaction depth and safety and fast operation experience. Meanwhile, mobile terminal and multi-language switch make it convenient for users around the world to use anytime and anywhere. Official website: https://www.pbank.comPBank APP download link: https://www.pbank.com/download.html You can also check the latest news through the official PBank account: Twitter: https://twitter.com/OfficialPbankWeibo: https://www.weibo.com/pbankglobalTelegram Global Group: https://t.me/PBankGlobalTelegram Chinese Group：https://t.me/PbankChineseLinkedIn: https://www.linkedin.com/company/pbank/Github: https://github.com/PBANKcloudMedium：https://medium.com/@pbankglobalInstagram：https://www.instagram.com/pbankglobal/WeChat subscription accounts: @PBankGlobal
IQ stock broker is a Forex & bitcoin Company in USA Founded in 2012 by a team of highly motivated professionals who are very passionate about trading on the world’s financial market, and are keen on empowering
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Re-Launching The Borderless, Unkillable Crypto-Fiat Gateway, DAIHard. Enter or Exit Crypto via Any Fiat and Any Payment Method, Anywhere in the World, Without KYC. All you need is a little Dai.
Some of you might recall recall our initial facepalm failed launch about 3 months ago (post-mortem here). Well, we're back--this time with an audit and some new features. This version of DAIHard should should die a little harder this time ;)
After shopping around a bit in the auditor space, we decided to go with Adam Dossa--the very same Adam Dossa that actually found our launch vulnerability and responsibly disclosed it to us! You can see his report here. By the way, Adam has been a gem: friendly, professional, timely, and flexible. Definitely keep him in mind if you need an audit!
Following is an updated version of our original launch post. If you've already read that, you might want to skip to the heading What's New in v0.9.2. Or you can go straight to the app or go to our info site for more info! Here is a legitimate concern most of us are familiar with:
To enter or exit the crypto economy, we rely on centralized exchanges such as Coinbase, which track their users, impose limits, and are tightly coupled to their jurisdiction and its banking system. And for all we know, any day now regulations could start tightening these controls further (*we've actually seen some of this play out in the two months since our first launch post). In light of this, can we say in any meaningful sense that crypto is anonymous, limtiless, borderless, immune to regulation, and (most importantly) unstoppable?
To really address this concern, we need a completely decentralized gateway between fiat and crypto: something that extends the benefits of crypto to the very act of moving between the old and new economies. But the design of such a platform is far from obvious. (Localethereum comes close, but as discussed under Unkillable, it doesn't quite cut it. And Bisq is decentralized, but has significant UX hurdles.) We believe we've found a solution. We are proud to present:
DAIHard v0.9.2 - Almost Definitely Not Broken This Time
If you want to jump right in, we recommend first watching our latest usage demo (7 min), then diving in and giving it a shot with a small amount of Dai. (Try it on Kovan first if mainnet is too scary!) DAIHard extends many of the promises of crypto (borderless, anonymous, limitless, unstoppable) into the exchange mechanism itself, allowing anyone, anywhere to bypass centralized exchanges and the control they impose. More concretely, DAIHard is a platform, run on smart contracts, for forming one-off crypto/fiat exchanges with other users, in which:
The method of fiat transfer is open-ended, but agreed upon up-front (for example: bank transfer, cash handoff, transfer of online credit, cash drop...).
You and the counterparty can communicate via end-to-end encrypted chat to coordinate the fiat transfer (i.e. communicate bank account number or reveal a cash drop location).
Crucially, in the last phase, the Seller can choose to burn the Dai instead of releasing it to the Buyer (but he can't get it back). This credible threat of burn is what makes the platform reliable in the absence of a centralized group of arbitrators or moderators. For more on this see the DAIHard Game Theory medium article (10 min read).
You Need either xDai, or both Dai and Ether, to Use The Tool (At Least For Now)
If you want to buy Dai on DAIHard, you must already have Dai--1/3 of the amount you want to purchase--to put up as a burnable deposit. For example, if you only have 10 Dai now, you can only commit to buying 30 Dai, and must complete that trade before using the newly bought Dai to open up a bigger offer (for up to 120 Dai that time). Most tragically of course, this means that if you don't already have some crypto, you can't use this tool to get crypto--this is why we avoid calling DAIHard an onramp specifically. This comes from the fact that both parties must have "skin in the game" for the game theory to work, and a smart contract can only threaten to burn crypto. We have some ideas on how to address this drawback in the not-too-distant future, which we'll write about soon. For now it's time to launch this thing and get some users!
Dangerous and Scary To Use
In rare cases, a user may have to burn Dai and face a loss on the entire trade amount. The necessity of this ever-present risk is explained in detail in DAIHard Game Theory. However, a cautious, rational user can gather information (possibly via our [subreddit](daihard)!) about how people have used the tool, successfully and unsuccessfully. They can then create a buy or sell offer with wisely chosen settings based on what has worked for others. Other cautious, rational users can find this offer and commit to the trade if they dare. We expect the vast majority of committed trades should involve rational, cautious users, and should therefore resolve happily. Still, inevitably there will be sloppy trades that result in burns. As the tool is used, we'll be keeping a close eye on the frequency of burns and keeping you guys updated (perhaps via a "System Status" utility similar to the one found on MakerDao's explorer). In the end, though, we expect the risk in using DAIHard to be comparable to the risk of using any exchange or DNM: ever-present but low enough for the platform to be useful as whole. So, while DAIHard will never shut down and can't perform an exit scam, the bad news is it's not risk-free. Users will have to approach DAIhard with the same level of caution they would with any new exchange (albeit for different reasons and with a different approach). So what's the good news?
The Good News
While these drawbacks are significant, they enable some remarkable features that no other crypto/fiat exchange mechanism can boast.
(Correction: Bisq seems to have a decentralized arbitration system) We are aware of no other crypto/fiat exchange platform that is truly unkillable. Bisq and localethereum comes close, but both localethereum relies on centralized processes of arbitration. This means their fraud-and-scam-prevention system can be sued, jailed, or otherwise harrassed--and if that part stops working, it doesn't matter how decentralized the rest of the system was. DAIHard, in contrast, gives the users the power to police and punish each other, via the aforementioned credible threat of burn. This is simple game theory, and the rules of this game are etched permanently into the DAIHard Factory and Trade contract code: impervious to litigation, regulation, and political pressure. This Factory contract has no owner and no suicide or pause code. It cannot be stopped by us or anyone else. Like Toastycoin, this thing was immortal the moment it was deployed (even more immortal than RadarRelay, for example, which does rely on an ownership role). Both DAIHard and Toastycoin (and probably whatever we build next) will last for as long as a single Ethereum node continues mining, and it will remain easy to use as long as someone can find the HTML/JS front-end and a web3 wallet. (The HTML/JS front-end (built in Elm, by the way, with the lovely elm-ethereum!) is currently hosted on Github pages, which is centralized--but even if Github takes down the page and deletes the code, it's a minor step to get the page hosted on IPFS, something that is on our near-term roadmap in any case)
No KYC, No Limits
It's smart contracts all the way down, so DAIHard never asks any nosy questions--if you have Metamask or some other web3 wallet installed and set up, with some ETH and Dai (or just xDai), you can immediately open or commit to a trade. You don't even need a username! (In fact, we're so inclusive, even machines are allowed--no CAPTCHA here!) You're limited only by the collateral you put up, so if you have 10,000 Dai you could open up a buy offer for 30,000 Dai (or a sell offer for 10,000 Dai) right now. We do reccommend trying the tool out first with a small amount of Dai... But we're not your mom! Do what you want!
It simply doesn't matter where you are, because DAIHard doesn't need to interface with any particular jurisdiction or payment system to work. DIAHard works by incentivizing people (or robots?) to navigate the particular real-world hurdles of bank transfers, cash drops, or other fiat transfer methods. These incentives work whether you're in America, Zimbabwe, or the Atlantic; they work whether the fiat is USD, EUR, ZAR, seashells, or Rai Stones; and they work whether your counterparty is a human, an organization, a script, or a particularly intelligent dog with Internet access.
Any Fiat Type, and Highly Customizeable
Here are some examples of the types of trades you might create or find on DAIHard.
Sell 5 xDai for $5 USD, sent via TransferWise.
Sell 200 Dai for $180 USD, granted they bring the cash to you by tomorrow afternoon in Central Park, NYC.
Buy 20 Dai with a $30 gift card for Amazon AWS that you were never going to use.
Sell 20 Dai in exchange for a $20 Steam game.
While in Vietnam, sell 200 Dai to someone for €180 anytime in the next two weeks, provided they deposit it into your German bank account.
While in Germany, sell 20 Dai to someone in exchange for them refilling your pre-paid Vietnamese phone plan.
Buy 500 Dai for $550 via PayPal, but wait 3 weeks for before the Dai is released (so the paypal transaction can't be reversed).
As the DAIHard community grows, users will doubtless find much more creative ways to use the system, and we will discover together which types of trades are reliable and which are more risky. Because users can set their own prices and phase timeout settings, we expect the risky trades to charge a premium or have longer time windows, while the reliable ones rapidly multiply at close to a 1:1 price ratio, with quick turnaround times.
Extensible (with profit) by Third Parties
Not satisfied with our interface? Do you have some nifty idea for how to display and organize user reputation? Or maybe some idea for how trades could be chained togeher? Maybe you'd like to design a notification system for DAIHard? Maybe you just want a different color scheme! Well, you won't need our permission to do any of this. Any tool that watches the same Factory contract will share the pool of trades, regardless of which tool actually creates the trade. This means we don't even have to fight over network effects! And if you look closely at our fee structure, you might notice that only half of the 1% DAIHard fee is "hardcoded" into the Factory contract. The other half is set and charged by our interface. What does this mean for you? If you go out and make a better interface, you can essentially replace half of our 1% fee with your own fee--it's up to you whether it's smaller or larger than the replaced 0.5%. The reason for this is to explicitly welcome other developers to extend what we've built. For as long as our team is the only one improving the platform, a threat to us is a threat to future upgrades. But if others begin extending the DAIHard platform too, then DAIHard will not only be unstoppable as it is today, but also grow unstoppably.
(For Real This Time) This Is a Big Fucking Deal
DAIHard is a turning point in crypto and a breakthrough in decentralized markets, and is an irreversible augmentation of the Ethereum platform. What we've built is a gateway to crypto completely devoid of centralized components--rendering entry and exit to crypto unkillable, flexible, borderless, and private. Centralized exchanges, and the control they impose, can now be bypassed by anyone with Dai and a web3 wallet.
What's New in v0.9.2
There have been many changes made since our first failed launch, but there are two rather important ones: xDai support and reputation tools.
DAIHard is now operational on xDai, a sidechain whose native token (xDai) is pegged to the Dai (and therefore $1). Add the xDai network to your Metamask (or just install Nifty Wallet), then switch to the xDai network in your wallet, to try it out. xDai has some pretty incredible benefits, compared to vanilla Ethereum:
Price: On xDai, a single DAIHard trade costs on the order of $0.01 to run start-to-finish, rather than the accumulated $2.40 (with the best-case-scenario 1gwei gas price) you'll spend on vanilla Ethereum.
Speed: Trade actions mine much faster, and don't require ERC20 'approve' transactions, making the whole process way snappier.
Gas priced in xDai: the main benefit here is that you only need one token (xDai) rather than two (Dai and Eth). Also, it's just nice having the gas cost expressed in (essentially) USD!
We now have a few reputation tools. First, on any open trade, there is a widget showing the number of releases, aborts, and burns the given address has been involved in as that role (buyer or seller). Clicking on this expands the widget to show more detailed information, and also provides a link to a page that lists each trade this user has been or is involved in.
We have tons of ideas on how to improve the product--too many, in fact, to commit to any before we get a good chunk of user feedback. Here are some of our favorite ideas:
A "QuickTrade" page, offering Trade Templates as an alternative to the current Create Offer page.
Big Exciting Features
Bootstrapping people with no DAI via other mechanisms and community outreach.
Partial commits to trades. eg. Place a 10,000 DAI trade and allow it to be picked up in blocks larger than 500 DAI at a time.
More chains, get this thing working on Bitcoin via Rootstock, on Ethereum Classic and Binance Chain.
A lot of the above features will be prioritized more clearly as we get user feedback, and we will be posting fairly frequent updates and articles on our info site. If you don't want to miss anything, note the subscribe widget and sign up!
Online Bitcoin wallets–-also called web wallets–-are wallets that run in your web browser just like any other If you want the most secure Bitcoin wallet then you will need to use a hardware wallet like the Ledger Nano X or Lastpass creates strong, randomized, unqiue password for each account you have online. Web Wallet Alternatives. 3)Copy and paste any wallet adreess on the sendind address. 4)Now copy and paste to the receivers address. make sure you cross check address of reciever before pressing Generate Transaction. 5)Now Enter the amount of bitcoin you whant to send. This commit was created on GitHub.com and signed with a verified signature using GitHub’s key. GPG key ID: 4AEE18F83AFDEB23 Learn about signing commits jchau207 released this Feb 26, 2020 Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. all blockchain and pricing data on bitcoinwallet.com is provided “as-is” and is to be used for entertainment purposes only, and should not be used or relied on in any way to influence or direct trading or investment decisions or funds availaibility or funds value. neither bitcoinwallet.com, nor its employees, contractors, owners, operators or data sources verify or are responsible for the
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