The IOTA/Tangle community seems to be the least focused on tokenization. Here's why that's wrong: IOTA may be feeless, but it's not free to use. Users are paying in:
IOTA Volatility (regularly >1% daily)
Exchange fees - moving in/out of IOTA to avoid volatility (0.25 - 1%)
Transaction fees, volatility or exchange fees. Value is lost, it doesn't matter how. "but IOTA will stabilize as it grows" Yes it will, but too slowly for it to matter. Bitcoin isn't stable now at $100 billion, nor was it stable at $300 billion. IOTA won't be either. (IOTA would grow 250-750x in value to reach those market caps. Of course there will be enormous volatility on the way up) Maybe they will be stable enough to use as a medium of exchange (MoE) if they ever reach $trillions. What the Tangle needs most is a stablecoin. Picture this combination:
Ethereum tokens (ERC20/721) - programmable, standardized, plug and play.
Colored coins - every token unit is created 'from' IOTA
Ethereum DAI is supposed to be divisible to 18 decimal places - but gas fees stop you at 2 ($0.01) Tangle DAI (TAI) could be truly divisible, with each unit created from 1i: $1 to $0.01 = 100i ($1 million = 100Mi) $1 to $0.0001 = 10Ki ($1 million = 10Gi) etc This allows for stable micropayments, 100 - 10,000x smaller than what is currently possible. Important points:
TAI would remove the need to ever 'exit' the Tangleconomy.
TAI could be pegged to any single/basket of assets, not just fiat.
TAI Stabilization > DAI's, because of feeless/granular arbitrage. (peg could be $0.99999X, instead of $0.999X)
TAI could have different levels of divisibility ($0.01, $0.0001, etc)
TAI drives IOTA value, making the latter more desirable as a MoE as they both grow.
TAI would accelerate the growth of the Tangle - look at everything that has grown around DAI on Ethereum.
TAI > IOTA for large/normal/micro payments. (volatility is a nonstarter)
IOTA > TAI for nano payments ($0.00001>), unless supply is drastically increased.
This has a couple of effects:
Short/medium term, it removes most of the need for IOTA as an MoE.
IOTA supply will need to be carefully considered/eventually increased. (At $0.10Mi - 1i costs $0.0000001. At $100Mi - 1i costs $0.0001)
Long term, if IOTA grows from billions to trillions, it could become THE medium of exchange.
https://preview.redd.it/nscgafxibck41.png?width=2152&format=png&auto=webp&s=fbceb8e21020811bea5545b82e65bc5eeac5e420 QuarkChain holds a monthly AMA (Ask Me Anything) on Telegram/Wechat groups on Saturday at 7–8 PM PST. This is the summary for February AMA. We welcome any questions, comments, and suggestions. Q1: The Bitcoin halving is taking place this year. How do you expect this to affect the entire blockchain industry? What role will QuarkChain play in the industry? The Bitcoin halving is a major event in 2020 and we believe this event may have significant impacts. Technically speaking, this means every block reward is reduced from 12.5 BTC to 6.25 BTC, and the inflation rate is also halved. As a result, firstly, the inflation rate will be below 2%, which means the rate is close to that of gold. Secondly, the selling power from miners is also halved. While as cryptocurrency and blockchain become more popular, more people may be more likely to own BTC. From the perspective of the market, BTC has become a hedging asset against risks since there are not many global assets that have a good story as well as good liquidity. There are two main factors influencing the price of BTC: namely the manufacturer of mining machines and the Wall Street. As long as selling mining machines is still making a profit while the global economy is still thriving decently, the value of BTC will maintain its level. So I think that the market will view the halving this time around in a more optimistic light. BTC is rather out of sync with other blockchain projects because its financial nature far outstrips its technical nature. We can compare BTC to gold while other projects are more comparable to technology companies who focus on technological applications and innovations. Another question is what halving signifies for our QuarkChain team. Since 2018, QuarkChain has been focused on inventing a faster and more convenient public chain. Since the launch of mainnet, our product has evolved to become a framework like Polkadot and Cosmos that enable launching a chain with one click and provide cross-chain framework consensus. During our Stanford 2020 meeting last week, we further proposed the idea of a “quark family” whereby one can adopt this sharding layer framework on public chains. If this concept is applied to consortium blockchain, then it becomes “quark-union.” Such framework can be applied in other scenarios and interoperate for other use cases and provide a plethora of choices for users, which is our target goal this year. In the middle of the year, we will announce the next product developed specifically for this framework, which functions like Polkadot’s Substrate framework that allows developers to build products as parachains. Please follow us to learn more! In general, I think this is really good news for the whole cryptocurrency world! Q2: The Chinese market pays more attention to the consortium blockchain. Will this affect QuarkChain? Will the team consider joining the consortium blockchain? One of our goals is to broadcast our QuarkChain technologies to more people around the world, and we are happy to see that not only can our technology be applied to the public chain space, but also to the consortium blockchain space!! Secondly, it is also natural to extend the public chain technology to the consortium one, where Ethereum has EEA, and JP Morgan is also working on Quorum, which is the consortium version of geth. With the Chinese government’s support of this domain, I think it is a very good opportunity for QuarkChain to participate in the market and meet the needs in the consortium blockchain space. We will soon announce the new products in the area soon! Q3: The QuarkChain team attended the Stanford Blockchain Conference recently. Are there any differences between the direction of exploration in 2020 and in 2019? Did you find any new or interesting ideas? A lot of interesting things happened during the Stanford Blockchain Conference. I also discussed with several people, including Vitalk and Professor David Tse about their works. We discussed some details about their proposal in the extreme case such as network partition and asked more details in how Lamport’s BFT algorithm’s relationship with his proposal. First of all, I found there is a rapidly rising interest from academia to enter into the blockchain space, including professors from renowned universities such as Stanford, UIUC, and Cornell. Secondly, I found more and more people are taking serious considerations into practical problems such as scalability and security. For example, Vitalik gave a talk about 51% attack and how to avoid that; people are working on both vertical and horizontal scalability. Of course, Facebook Libra also presented their blockchain. We are watching these technologies closely and are looking forward to seeing its development, which will guide our future growth as well! Q4: QKC held a meetup yesterday and you talked about what the future of blockchain looks like and topics related to business. Can you give us a brief summary about the discussion? How can QuarkChain be applied in the real world? Any use cases? We delivered a speech titled “What The Future Blockchain Looks Like to Empower Business.” Looking back, the early days of blockchains were chasing after pure technical breakthroughs with little considerations for practical business needs. This is related to what we talked about also at the year-end review: after TPS, what else can blockchains propose? One of the big trends that we see is that, typical major business applications rely on both consortium blockchain and public chains. Even for Facebook Libra, it starts with consortium blockchain and then will move onto public chains. From a business perspective, the space is looking for a more comprehensive solution that allows seamless communication between consortium blockchain and public chains altogether. The Boson consensus is the paper we published during the world-class 2019 IEEE conference. It is the sharding infrastructure framework that we have been referring to since day 1, which is analogous to the Substrate framework from Polkadot. We have applied this framework to implement QuarkChain, as you are all familiar with it by now. We are now applying the same framework onto consortium blockchain to allow different enterprises to define different chains based on their own business requirements and also create plug-ins to interact with other chains such as IBM Hyperledger, Ant Financial blockchain, WeBank, and so on. With the great efforts of our BD team, we are working on some use cases with our important partners. One direction we believe is to speed up financial processing using blockchain in the enterprise space. For instance, with immunity and transparency, we could facilitate regulated financing and circulation of assets more easily. Imagine DeFi in consortium! As I mentioned before, we are building the consortium version of QuarkChain, and actually, the first version of the product is almost ready and is under testing. Q5: What does your roadmap for 2020 look like? Name some important milestones you hope to achieve. What are the major developments lined up for QuarkChain this quarter? In 2020 H1, we plan to fully support our native token to enable DeFi composability. We would like to make the token more user-friendly as well. Actually, ETH2.0 is targeting native tokens for a while, and we also have a long conversation with ETH. While ETH2.0 is still planning and designing the feature, our goal is to fully support ETH 2.0 in 2020 — probably the first blockchain that enables all these! For the second half of the year, we are still looking into several areas, namely privacy, heterogenous chain, and new consensus mechanism. We also would like to learn from the community to see what the best idea may be. Please check more details here: https://ethresear.ch/t/cross-shard-defi-composability/6268/23 https://ethresear.ch/t/moving-eth-between-shards-the-problem-statement/6597 Q6: In the past years, we all said ZIL was your biggest competitor, but the fact is we did not see too many updates from them. So who is your current strongest competitor? How do you stand out from your competition? Actually, in this growing new area, we learned tremendously from different projects in sharding, multi-chain area: ETH2.0, Polkadot, Cosmos, and ZIL. And for us, our idea is quite simple — to achieve our goal with using all technologies from us and also from others. We also interacted with the blockchain communities actively so that we could jointly contribute to the blockchain space. This philosophy explains why we have an active presence in different projects such as ETH and Libra. Our technology, the Boson consensus, is the key for us to differentiate from others. Even better, the Boson consensus is designed to be flexible, and thus is able to incorporate a lot of novel ideas! To my knowledge, this flexibility can hardly be found for other blockchains. Unless other projects decide to follow us someday, I think we should have plenty of space to stand out! Q7: What are your future plans for the developer community? We just started our bounty program for supporting native token auction — an important part for multi-native token support. This means many dApps on ETH can be rewritten and enjoy the benefits of the multi-native tokens, and we will have demos and programs to educate the public. Q8: QKC technology is at the forefront of the industry. What are its strategies in market expansion? How are you planning to take over more market share in 2020? We need to acknowledge that the speculation is widespread across the entire market, similar to what was observed during the early days of the stock market. As we can see now, the era of speculation and fast money is fading away. What we observed in the US stock market for the last decade is that the out-performers are no mere speculation but outstanding technology companies who keep innovating themselves. To adapt to this shift of culture, we now align the overall marketing strategy to branding. What this signifies is that besides telling people the acronym of QuarkChain, we should let other people know more about the details of QuarkChain and the recent updates of our team. What we will do in the future is to share more quality in-depth contents which vary in format but are easily readable. We would like to intrigue more people by experimenting with different forms of data visualization. We also want to step onto different school campuses for technical sharing sessions and have first-hand engagement for technology enthusiasts and gain their recognition. From there, we will then carry out more public advertisements. Because of the outbreak of virus, we will develop more online activities to enable more people to participate free of physical constraints. Q9: Why do we see less interactions from the team recently? How are the team members faring? Can you work on developing the Chinese community in 2020? Someone messaged me offline wondering why I appeared in the group less often recently. I actually am still with QuarkChain and have been working on various projects in great depth. For example, I was lecturing MBA classes and summarized how blockchain can step out from its current bottlenecks. Some also discovered that they were no longer able to private chat with me. As I have explained before, such a decision was made on the basis of freeing up more of my time from customer services to allow more creative thinking and R&D. I have been paying close attention to the discussion and suggestions within the group chat. I am also in consultation with Yufeng and Daisy for the latest news within the group chat as well. Our team is doing well with more technologies underway. We are landing more business applications and are shifting our marketing focus from operations to branding. We will continue to update our latest developments so stay tuned! About the community, we aim not just to grow only the Chinese one but around the world. You may understand the idea of developing a community in a different sense than I do. As I might have mentioned before, for the past two years, blockchain was highly speculative and some projects only wished to boost the number of followers with little maintenance of the community. Since the days of speculation are gone, developing a community is no longer just counting heads but providing contents of added values and spreading the awareness of these quality contents to more people. This is also why I appeared less in the chat but have published more in-depth articles over the past few months. Q10: What are the latest updates in terms of business developments? Who are some of your latest business partners? Let me first talk about the potential effects of the COVID-19 outbreak. Its ramification is of global scale; interestingly, it has an accelerating effect for blockchains since people came to realize that after thrifting on big data and large-scale IT systems, these white elephants did little to present timely, effective, and accurate data. Such inefficiencies have created tremendous challenges for public administration and blockchain is the perfect solution to fill this vacuum. When it comes to commercialization, as an early entrant, we are happy to share some initial progress with our supporters. Firstly, related to government affairs, we have business use cases for large business enterprises and governments regarding data management, public governance, and public services. Secondly, targeting this outbreak, we have proposed a comprehensive 2G solution using blockchain and are in close communications with the government. Lastly, in terms of management of public assets and finance, we have made some significant attempts to manage assets that were previously overlooked and were unable for financing. Our approach may be used to create financial products for circulation. Let me give you a concrete example in factory monitoring. During production, with the automated and trustless production of data, the discharge data from the factory will become more reliable. Environment department can then use discharge data collected from automatic devices with little worry that factories have tampered with the data for the sake of avoiding penalties.
1) For ensuring the possibility that Ambrosus can be successful in achieving its objectives, what can the community do in order to try and facilitate this? Is there anything that you would like to see people doing more/less of to support the project? 1) If you have connections at any companies that manufacture/distribute food/pharma/chemicals/luxury products, make an intro (rewards available); 2) if you know any consultancy/ICT companies/integrators, introduce them to our tech/code to possibly develop Joint Value Proposition** 3) if you are a dev, contribute to our code; IoT enthusiast - then expertiment using our tech; 4) if you are an entrepreneur launching startups, consider launching it on AMB-NET (support/financing available from dev pool); 5) just generally educate others about #ambrosus. Thx https://mobile.twitter.com/yashilou/status/1065572906040737793 *....info on releases of partnerships etc. What is the aim for the next 6 months with regards to promoting the brand even further to reach more potential community members? * 1/ Presently we promote the brand via PR (placement in top-tier media, thought leadership), attendance of high-profile conferences (industry / crypto), holding various meetups, online promotion of brand, community engagement, interactive social media. Next year we want to have more personalised/targetted communication towards individual verticals/sub-industries, with detailed corporate USP, tailored pricing, commercial aspects; we are also fostering consultants/entrepreneurs around Ambrosus with narrow focus who will approach individual industries. https://mobile.twitter.com/angelversetti/status/1065947465944363008 3) Can you give an update on the current PoC's? What do you estimate to be the probability that the clients will continue once the PoC's are done? How is the general feedback regarding the solutions you are offering them? We primarily hire additional people to specifically work on delivery and execution of projects. I think PoC is not necessarily the right term to use, because it implies that the tech is unproven and the concept itself needs to be proved (hence proof of concept, PoC), on our 1/... side we are talking about industrial projects (some of them can be called pilot projects), whereby we actually integrate our tech into supply chain operations. The feedback we are getting on that is overwhelmingly positive and we are developing larger-scale proposals with partner https://mobile.twitter.com/angelversetti/status/1065948382634672128 5) Random q: Was the number 361 million tokens chosen because it represents the km² of the ocean/was there another motivation for choosing that no. in particular? And, what was the logic behind that number of tokens chosen rather than, say 100mn/1 bn? actually this number resulted from the smart contract, based on emission of AMB, which in turn was based on ETH incoming. https://mobile.twitter.com/angelversetti/status/1065949442413666304 DHelix85: If you applied for a node in the 1st wave (not accepted yet) and now wish to upgrade to a bigger node, can you replace your intial application with the new one and not drop to the end of the queue? I think a new application should be submitted, the applicants will be cross-checked with old lists, so no risk of being at the end. We have now placed one person full-time to deal with masternodes applicants (Aleksandra), to help the dev team stay focused on building $AMB-NET. https://mobile.twitter.com/angelversetti/status/1065949908702773248 1) Angel, what do you think is necessary to take Ambrosus from 0 to 10k bundles a day? 2) And to take it from 10k to 100k bundles daily? How do you see the company getting there?.... We are now actively modeling the pricing structure and transactions on chain. Firstly, for many business use-cases a bundle does not have to be full to make sense (e.g. a luxury watch producer may use 1 bundle for 10 watches, at 1$ per watch, which makes sense for them 1/... similarly, for containers or individual units the bundling processes may be different. So, it should not be assumed that the full 16k+ transactions need to be filled to dispatch a bundle. Our current projects help us to optimise the total number of bundles/transactions for AMBNET https://mobile.twitter.com/angelversetti/status/1065950293236551681 3) When Ambrosus is doing, let's say, over 100k bundles a day, do you think your job as CEO will be different than now? How? I am very impressed with what AMB has achieved so far, in so little time. Congratulations to you and to the whole team! Hard for me to speculate, but I think the core aspects of Ambrosus will remain the same, only the complexity of scaling will of course make the network less nimble. Our minds are preoccupied with assuring true decentralisation in all senses of that word https://mobile.twitter.com/angelversetti/status/1065952712444006401 Will the Apollo node auctions start in November or not until Q1? Both have been stated during timeline updates. I think the dev team are tweaking a few parameters and have also ordered another cybersecurity audit for AMB-NET to try and break it. On this side they push the Better Safe than Sorry narrative, with which I have to agree.. https://mobile.twitter.com/angelversetti/status/1065953205752864769 What is the most important difference between amb and other projects with similar goals? Our intimate knowledge of BOTH #blockchain and #IoT. The foundations of the $AMB-NET architecture were built with IoT in mind. Most other projects are trying to stitch two technologies together, without having proper understanding of either blockchain or iot https://mobile.twitter.com/angelversetti/status/1065953692334137345 AMA -- When would you think may can release new road map for 2019-2020? What's your time frame may could starting sign contracts with the long term partnership corporation of using your product and also starting have revenue? Thank you very much. we already have a roadmap/vision for 2019, we now go through the structural/cosmetic changes and are also debating whether to release it end of this year, or early 2019. Negotiations for long-term contracts are currently ongoing.BTW the network itself should run without Ambrosus https://mobile.twitter.com/angelversetti/status/1065954552627765248 #AMB_AMA Q: How closely is the success of the Ambrosus protocol tied to the growth of the Ethereum ecosystem and their progress towards scalability? ...would a different base-layer protocol ever be an option? We do not use Ethereum as base-layer protocol. This was the case at the very early stages of Ambrosus. We now have our own architecture, with our own scalability/IoT/storage solutions. We cooperate a lot with ETH stakeholders, but AMBNET does not depend on their progress/success https://mobile.twitter.com/angelversetti/status/1065954890692919297 #AMB_AMA I would love to better understand the uniqueness of Amber as "the first data-bonded token." Q: Does Ambrosus have any posts/articles/case studies out there to better describe the possibilities and uniqueness of this new architecture? our white paper is very outdated, please refer to (link: http://blog.ambrosus.com) blog.ambrosus.com for all the latest developments / updates to architecture, cryptoeconomics and more. We will release a new paper in the foreseeable future that as a single document will perform the WP function and yes, all the use-cases you are talking about are also discussed at length in our blog , which i in general recommend to everyone following the project to follow, as it contains all the up to date and relevant info/content on the project. https://mobile.twitter.com/angelversetti/status/1065955293023088640 #AMB_AMA Q: What does the recent Securities and Exchange Commission court ruling mean for the AMB token? Will Ambrosus be registering $AMB token as a security with the SEC... or filing as an exemption? We carefully avoided all the interactions that would put us under the jurisdiction of the SEC. For future interactions, our legal team will assess and act as appropriate. https://mobile.twitter.com/angelversetti/status/1065956124455776258 Can you tell us more about the different revenue streams of Ambrosus now and in the future? (E.g AMB-NET, Sensors, Consulting or IT Integration work) The key focus for us right now is to make AMB-NET a self-sustaining network that could operate without support of any third party, including Amrbosus. Thus sensors, consultancy, IT integration we leave to partners and focus on the blockchain to run irrespective of revenues https://mobile.twitter.com/angelversetti/status/1065957306020569088 There has been some talk of the sec cracking down on certain ERC20 tokens. Is this a concern at all? How well equipped is Ambrosus legally and financially? already answered on sec below. as for the legal, it's immensely complicated in crypto, and we leave it to the professional teams to take care of our legal/compliance, while we focus on the tech and delivery https://mobile.twitter.com/angelversetti/status/1065957796875780096 Looking forward to hear ETA for swap from erc20 to native Amber tokens and how? Also wondering when will we be able to start Atlas nodes freely without invitation? Lastly when moon sir? :) this is a better question to the dev team. For me, I want it to happen now, but it's not feasible technology-wise. I think permissionless onboarding for Atlas nodes will be possible in Q2 2019. Full moon is today, next one 22 dec https://mobile.twitter.com/angelversetti/status/1065958297352716290 Can we see somewhere in the eth explorer how are the amb tokens moving from erc20 to native amb token on amb-net? Is more tokens floating from or to amb-net? the bridge for real AMB/AMBERC20 has not yet been released on mainnet, as they are still testing it on test net. On nodes you already can play with TESTAMB. The dev team are doing a new security audit on AMB-NET, so after that they can launch the bridge, it will be visible on eth https://mobile.twitter.com/angelversetti/status/1065958759409819648 What impact, if any, does the current state of the crypto market have on a companies willingness to implement Ambrosus' blockchain supply chain solutions? our discussions with corporates seldom involve the discussion of the crypto markets. we focus on the tech and integration with them, not the value of various digital assets. https://mobile.twitter.com/angelversetti/status/1065959004034215936 1) Do you think the number of partnerships will increase? 2) How is the masternodes going now? The both of the test net and main net working well? 3) When will the AMB-NET 2.0 (industrial grade one) be launched? 4) How many bundles are the publicly announced 5 partnerships generating currently and how do you think the possibilities that they increase it in the coming months? 5) What are the assumed number of Atlases for 1k, 10k, 100k bundles respectively? 6) How many applications for the masternode have you got so far? Could you provide us with the estimated number of the running nodes in the future? 7) If the number of masternode far exceeds the estimated number, will you cap the number of it? 1/ if I didn't think that, I would not be involved in the project. 2/ going well, talk to onboarded people on slack/tg to get their insights 3/ as per dev team's roadmap should be end of this year 4/ see my answer on bundles below 5/ not sure what you mean by this question. There is an upper limit of the number of bundles an Atlas node could host, which is defined by the technical imperatives outlined by the dev team 6/ we are well into the 4digit numbers with the number of applicants who submitted full applications to be a masternode operator. I am personally looking at a few hundred apollos and about 10 thousand atlases in the future, but we have some tech team members arguing for limiting 7/ the numbers for stakes in masternodes were designed in such a way as to never reach the point where we would have to cap any numbers https://mobile.twitter.com/angelversetti/status/1065959353575006208 1) In a scale from 1 to 10, how do you think that the adoption of AMB-Net is going so far? I am a biased party to ask for such an assessment. I am also a perfectionist and thus I am never satisfied with anything so there could not be a perfect score anyway https://mobile.twitter.com/angelversetti/status/1065961119246925824 2) Can we expect more commercial partnerships in the near future (next 2-3 months)? yes, we are working on a few interesting deals now https://mobile.twitter.com/angelversetti/status/1065966085172862976 3) What is a rough ratio between companies wanting to run their own Hermes node (pay in crypto) vs companies wanting someone else running the Hermes node (paying in fiat)? most large corporates want to run and host their own nodes (for data ownership/ privacy, amongst other reasons), whereas the SMEs have a tendency to require a BaaS type of support https://mobile.twitter.com/angelversetti/status/1065966412743753728 4) Which of the upcoming milestones of Ambrosus are you the most excited for and why? Execution of transactions between IoT devices in a smart city in a decentralised and autonomous manner (long-term). All masternodes onboarded and maintaining the network independently (mid-term). First ICO to accept $AMB (short-term). https://mobile.twitter.com/angelversetti/status/1065968212104355841 5) What could be the biggest catalyst for adoption of AMB-Net in your opinion? more nimble SMEs/startups adopting innovative technologies such as $AMB-NET and showing great growth due to consumer trust/choice and improved business operations should cause large enterprises to speed up their adoption of such technologies https://mobile.twitter.com/angelversetti/status/1065968899034886144 #Ambrosus AMA Have you ever been approached by any Japanese companies? What do you think would be the hardest part when you try to get adoptions from Japanese companies? We had a few invitations to various corporate accelerators and/or public sector sanctioned business programmes in Tokyo. Unfortunately, the stipulations included the senior team moving to Japan, which was not an option. Thus so far we have not had much involvement in Japan. https://mobile.twitter.com/angelversetti/status/1065969297284112384 1. What is your biggest concern for ambrosus success as a whole? 2. What can the US community do to help spread awareness and help ambrosus succeed here?.... 1/ to what extent corp management and even the end consumers care about true decentralisation. Ultimately, it seems few people are bothered that IBM or Ripple are not truly decentralised/trustless, and they still adopt their tech... 2/ see my response on the community help below. https://mobile.twitter.com/angelversetti/status/1065969864161091584 3. What is the status of my resume? (self-plug haha but seriously I've been trying to work on your dev and full stack or front end developer team for some time now!) - from a strong and passionate developer, Mannan the dev team reviewed it and right now it does not suit their needs. Vlad told me he replied to your enquiry https://mobile.twitter.com/angelversetti/status/1065970873893564416 Are you going to fix the issue with Storage Limit for Omega masternode in the contract config that was posted on reddit and github? I am not personally creating code for masternodes. I think such a request is best made via github and the dev team will fix this, if it needs fixing https://mobile.twitter.com/angelversetti/status/1065971263301185541 Are you having any goal till January in terms of new clients just like you gave a count of 5 for october? not till january, because it's christmas time and most corporates are busy with end of year issues and then vacations. see my other reply below on a similar question. in short, we do have other ongoing initiatives. i have made changes to our business team to better achieve goals https://mobile.twitter.com/angelversetti/status/1065971557007269888 Ambrosus' mainnet will launch soon and thus the native blockchain it's running on. Ambrosus is also planning to release wallet applications and handle the token swap.... yes, in the latest blog entry from Vlad, you can see that a Wallet for native AMB is coming. as for the swap for the foreseeable future we envision a two-way bridge between native AMB and ERC20 to ensure compatibility, while we build infra for native AMB https://mobile.twitter.com/angelversetti/status/1065971915989413890 Can you tell us a little bit about how (in your experience) companies currently see Ambrosus compared to other blockchain supply chain solutions like vechain, Ibm one etc. (like a mini market analysis...) most corporations we deal with are not aware of vechain or other crypto projects' existence. they usually compare us to IBM, Oracle, EY Blockchain, etc. They see our unique IoT architecture and expertise as USP, which others, even the big guys do not necessarily have. https://mobile.twitter.com/angelversetti/status/1065972439702798337 Can you tell us a little bit about how (in your experience) companies currently see Ambrosus compared to other blockchain supply chain solutions like vechain, Ibm one etc. (like a mini market analysis...) Which sensor from your innovation lab excites you the most, and why? what is the biggest challenge/deal breaker when trying to sign up customers? I am very interested in the sensors that are able to process data in a trusted enrivonment and sign transactions on the blockchain at the sensor level. according to Innolab, such sensors can become like lite clients of the blockchain, enabling any IoT devices to be blockchain nod answered below where i talked about education for top management about real blockchain vs decentralised constructs with a single point of control and failure. most people are either unaware of the distinction or do not care much about it, so long as blockchain buzzword is there https://mobile.twitter.com/angelversetti/status/1065974008292745218 In a scale from 1 to 10, how do you think that the adoption of AMB-Net is going so far? Can we expect more commercial partnerships in the near future (next 2-3 months)? What is a rough ratio between companies wanting to all these questions answered below https://mobile.twitter.com/angelversetti/status/1065974532035551232 What is the baseline of the size of companies you would work with regarding the revenue? I will put a contact form in my website so that Japanese companies can more easily ask me about Ambrosus in Japnese. actually we have value proposition both for small and large companies. Big companies are nice because they offer scale but are slow, whereas small companies compensate for their size with their nimble approach and ability to adapt processes faster. Thus both are interesting to us https://mobile.twitter.com/angelversetti/status/1065978121856475136 Q: Angel, with Devcon4 behind us, what are you thoughts on Ethereum's progress towards scalability? Q: Does the success of the Ethereum ecosystem matter much to Ambrosus' developers? Would a different blockchain base-layer protocol ever be an option? 1/ I have always been a fan of Ethereum community, in terms of a large number of thinkers and visionaries they have gathered. Unlike EOS/Tezos who seem to try to buy communities with money, or IBM who are plain boring, Ethereum is truly about experimentation and bold vision... many great proposals to scalability of Ethereum. Of course they keep pushing the deadline and are vague on any timeline of execution, but let's be frank, who isn't? They also succumbed to the hype last year, but vision is limited only by imagination, while execution has friction thus, all tech needs time. I do believe there are enough people with vested interest around Ethereum technology and a lot of visionaries who cannot be simply bought off (although I guess every person has their sale price...), so I am hopeful of Ethereum's future We do not directly depend on Ethereum's success/failure, but of course we are heavily intertwined with many leading stakeholders from the ecosystem. We are influenced heavily by the tech, perception, markets, successes/failtures of Ethereum as spillover effects. AMB-NET is built on solidity framework and uses many elements from Ethereum, so where needed we are happy to borrow more of their open-source code - and then also share our improved/updated code with other projects. So yes, when others are doing well, we are also doing better. Of course all the uncertaintly and badmouthing that ethereum is experiencing does not help us, but now the pendulum of the crypto has swung towards panic, delusion, despondence and blame-game - which too shall pass - we aim to prove our point and deliver the tech that works and improves the world. https://mobile.twitter.com/angelversetti/status/1065978675135434752 thank you very much for the AMA session everyone. We appreciate having a strong and curious community who come up with strong contributions and have critical thinking. Until next time. In the meantime enjoy my latest interview with @Independent on #bitcoin https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-usd-2018-crash-analysis-stock-cryptocurrency-bubble-burst-dotcom-a8648296.html https://mobile.twitter.com/angelversetti/status/1065984937281667072
We all know that Kin is a unique digital currency, that it has value and utility, and that the Kin Ecosystem, currently in development, is going to be big--very big. But let’s look back for a moment. In order to see the scope of what’s happening, and where we’re going, it might be useful to look back, at where we’ve been. Kin was started by the good folks at KIK Messenger. As Facebook and Google grew to gargantuan proportions, it became obvious to all that the old-school model of Advertisement Placement for monetization was becoming untenable for anyone other than the biggest and most entrenched of companies. Yes, the Facebooks and Googles of the world were doing fine with monetization via advertisements, and were busily scalping data from their users in a feeding frenzy to capitalize on the one asset they could sell… those users’ attention. While most users thought Facebook was designed to give the social media platform as the product, and that they themselves were the customers, the reality is far different. The truth is that the advertisers were the actual customers, and Facebook users were the actual product. Very much like the Matrix, isn’t it? We are fed a social media mental “pudding,” and in return we give Facebook hours and hours of our attention… which it then sells to the advertisers. Understandably, this realization came as a shock to those who were able to see and understand this revelation. Many users still do not grasp the reality of the situation, and are happily, mindlessly eating the pudding. Leaving aside the distasteful mental image this business model give us, it created a problem for up-and-coming, and smaller but established Social Media companies. The smaller SM operations were left in a bit of a financial quandary… advertisers were loathe to spend on smaller platforms, because the reach of the giant platforms was so large and all inclusive. The remainder were basically crumbs on the floor. From this basic problem… and the ensuing economic reality… came the idea for Kin. Monetization is a concept that no one really enjoys talking about. For most of us, we’ve come to accept that ads are a necessary evil that we pay attention to in order to receive content; at this point most of us simply grit our teeth and press on. No, I’m never ever going to buy that silly spray to cover up the smell of your poo, but go ahead, play the damned video ad… again. I digress. But what if there was a way to change the dynamic so that the SM platform user’s attention was no longer the product that got sold to monetize the operation? What if the user could sell his or her OWN attention, and be rewarded thusly? And what if there was a way to compensate developers and businesses who work in the ecosystem for this activity as well? What if the user actually became a rewarded participant in the engine that generated income? And was even able to generate income for themselves in the process? What if a system was designed to reward users, developers and investors, all at the same time? This is the basic premise of Kin. THE GENESIS of KIN In 2009, Kik Interactive was formed by a group of college students at the University of Waterloo, Canada, in order to create applications for mobile devices and smartphones. Soon thereafter, the Kik Messenger was launched. In it’s first fifteen days, Kik enrolled over one million users. Over the years, Kik has solidified itself as a strong niche player in the messaging app world. Initially, Kik monetized itself by placing advertisements, but realized over time that ad revenue might not be the best way to keep Kik in solvent. After several years of struggle, Kik embarked on an experiment and instituted a program called “Kik Points.” This program allowed Kik users to participate in a very basic and limited “earn and spend” program. The users would answer surveys, or watch videos, in order to “earn” Kik Points… which they could then spend on in-app programs like sticker packs or emojis. What the Kik folks saw was a very enthusiastic, large group of people working to earn, and then spend Kik Points, in a transactional rate and density that dwarfs that of every cryptocurrency, including Bitcoin. Kik then knew it was onto something. The team got to work, and after years of design, Kin was born. The Kin token was introduced into the crypto universe through an ICO (initial coin offering). The Basics of Kin Kin is the first cryptocurrency designed for mass-adoption and utility. It was engineered, specifically, to act as a currency to be used in millions of daily small and micro-transactions. In other words, it was a coin designed to be “spent” by the masses, not held by speculators. Kin is designed to reward people for using the coin. The Kin Rewards Engine (KRE) pays Kin to users and developers who contribute to the ecosystem. This does “inflate” the circulating supply of the coin, which in turn keeps the value of the individual coins in check, but in reality this is a core design component of Kin. Kin is designed to grow in value, but is designed to grow more slowly because of the extreme volatility witnessed in the growth of other coins. This kind of volatility would destroy Kin’s ability to be used as a true currency. The KRE serves two purposes, then; to reward those who boost the ecosystem thought their efforts, and to moderate the extreme peaks and valleys that have plagued cryptocurrency since the invention of Bitcoin. Bitcoin, for example, has morphed into a “store of wealth” rather than an actual usable currency. It is “deflationary” in nature; in other words, the scarcity of it is the sole driver of it’s value. The high cost of Bitcoin transactions, extreme value fluctuations and slow processing speed all hinder its use as a true currency. Additionally, why would someone spend Bitcoin when it may appreciate significantly in a short period of time? We all have heard the story about the two pizzas that were bought with 40,000 BTC… which would make those two pizzas worth over $300 million dollars today. And why would a merchant accept a currency that might lose a large percentage of it’s value very quickly? With a deflationary, speculative currency like Bitcoin, swings of plus or minus 30 to 50% within a few days are not uncommon. Kin, on the other hand, is designed to be used and spent by millions of users. It’s value will also grow significantly, but that growth will be relatively stable, with few of the huge peaks and valleys we’ve all seen in other cryptocurrencies. This is directly due to the large initial supply of Kin tokens (756 billion) the large maximum supply (10 trillion) and the design of the KRE. Most people with any crypto experience see that 10 trillion figure (the maximum circulating supply of Kin) to be a huge detriment at first blush. This is because they haven’t grasped the need for that many tokens. Looking at it from the perspective of other crypto, 10T coins is a ludicrous, astronomical number of coins. And with any other coin, it would bake no sense. But Kin is unique. It’s a true currency, not a store of wealth. It is designed to create value growth through usage, not through speculative buying, selling and holding. When Kin reaches mass adoption, the larger supply of coins will keep the price of the coin relatively stable while it grows in value, and will significantly reduce volatility. Notice that I did not say that the large supply will reduce appreciation; it won’t. That’s because while Kin is designed to be an inexpensive coin, and should never experience the volatility of Bitcoin, that doesn’t mean it won’t gain and accumulate value. It most definitely will. There are no limits to that appreciation, and those who buy Kin now, while the price is well below 1/100ths of a cent, will see significant return on their investment. That opportunity, as significant as it is, is not going to last much longer, and will not be available again. Kin is designed to go against the “normal” crypto path of pump and dump. It is not designed for arbitrage trading. Again, it is designed for utility, to be earned and spent, unlike most cryptocurrencies. Kin is designed to be an inflationary coin, not a deflationary coin. In that, I mean that Kin, through the KRE, injects liquidity into the ecosystem and does not appreciate solely due to its scarcity. The KRE rewards those who have significant positive effect on the ecosystem by awarding Kin to those entities or people. If you develop an app that captures people’s imaginations and is wildly successful (think PokemonGo), and you’re using Kin to monetize that app, that effect on the Kin Ecosystem will be greatly rewarded with equivalent Kin. By injecting this liquidity into the ecosystem, the KRE rewards those who make the ecosystem work. This also tends to have an inflationary effect that slows the growth of the coin into a manageable upward trajectory, versus a hyperbolic, exponential increase. Bitcoin, on the other hand, is deflationary… which means that no new BTC will be brought into the BTC system, and its value is based solely on that perceived scarcity. Since it has no mass adoption or real utility, and it’s value can rise and fall very quickly in large amounts. People buy Bitcoin for two reasons only today; speculation, and movement of fiat currencies into other cryptocurrencies. Speculation is the reason most people get into cryptocurrencies; with the advent of Kin, that will no longer be the case. Once Kin begins mass adoption, the majority of people in cryptocurrencies will be in Kin, and will be using, earning and spending Kin without buying the coin on an exchange. They will not be speculators, they will be users. Speculation has been the name of the crypto game in the past, of course, but that is about to change. Speculation on crypto will become the minority use case, not the majority. Bitcoin will always have a place, obviously, but can you buy groceries with it? Can you pay your electric bill? Can you go out to eat using Bitcoin? No. Bitcoin will always be the first cryptocurrency, but it is not a mass-adoptable currency with any single, strong use case in its current form. Kin was designed with Bitcoin’s failings in mind. The question comes up: Will Kin ever be a truly valuable coin, even with a ten trillion coin supply? The answer is an emphatic YES, it will. It will never be a short-term investment; there will be no 10x tomorrow, or 100x next week. But for the patient, the growth is coming. For the long term HODLer, the rewards will be significant indeed. Let me explain why the Kin Foundation, in designing Kin, chose to make the circulating supply 10 trillion Kin tokens. Why are there 10 Trillion Kin? To be a true currency with mass adoption, used by millions of people, there needs to be a large amount of Kin available. Otherwise, in very short order, people would be using Kin in decimals. It was decided that people would rather earn and spend multiples of Kin (i.e., 1000 Kin or 500 Kin) versus decimals of Kin (i.e., 0.0001 Kin or 0.0005 Kin), as is now necessary with Bitcoin, Ethereum and many others. Note that Kin can also be used in decimal divisions, so that in the future, the value of Kin will never be limited by an inability to be used by the decimal. In order to tamp down the extremely volatile nature of many cryptocurrencies, a larger circulating and available supply is necessary. A balance was found at 10T where the supply is large enough to meet the needs of the millions of users, but was small enough to not interfere with the growth of value in the coin. The Kin Rewards Engine (KRE) is key to this balance. By injecting Kin liquidity into the ecosystem, it rewards those who enable and grow the system, but it also minimizes volatility and keeps value growth down to a sustainable, non-hyperbolic/non-exponential growth curve. In this, it both creates opportunity and eases fears of volatility, for users, developers and merchants alike. There are currently 756 billion Kin tokens in circulation; most of the remainder are held by the Kin Foundation for their own use, and for rewarding those who enable the ecosystem via the KRE. The KRE is schedule to begin operation in Q3 2018. As the value of Kin appreciates, the number of Kin injected via the KRE will change, though the total value will not. For this reason, the KRE stands to be in operation, injecting liquidity, rewarding innovation and ecosystem enhancement and controlling volatility for many, many years to come. In the end, 10 trillion coins will not be enough to satisfy the long term needs and desires of the masses. If 50 million people are using Kin, this works out to only 200,000 Kin available per user. Most early adoptecapitalists in the ecosystem hold many, many more than that. This eventual scarcity will drive the value of Kin up significantly; I won’t prognosticate how high. There is, however, no limiting factor. I am very bullish at this prospect… because of the last item, number 5. Metcalfe's Law shows the correlation between the usage of a telecommunications system, the size of it’s network, and its value. As the number of users grow, this law shows us that there is a direct correlation between the supply, the number of transactions per day, and the approximate value of that coin. This law follows closely the movement of Bitcoin, Ethereum and other cryptocurrency systems, and shows that Kin will benefit from mass adoption and millions of daily transactions from tens or hundreds of millions of users. Without a large supply, this would not be possible. The design of Kin requires 10 Trillion coins to be available to execute the plan. And the plan is to allow users, developers and investors to all reap the benefits of a vibrant and growing ecosystem. When there are hundreds of millions of users in the ecosystem, the value of Kin will be greater than most people can imagine. It’s an exciting time, to be sure! So we’ve looked at why the circulating supply is important, and why it’s different from other currencies. Let’s look at the center of why this works, the KRE. The Kin Rewards Engine: How it will disrupt Social Media monetization How often do you log onto YouTube, or Facebook, or any other Social Media site, and click on a video you’d like to see? Before the video starts, though, you are forced to watch an advertisement… maybe it’s something you want to know more about, but more often than not, it isn’t. What if someone was reading your chat messages and saw you were talking about buying new running shoes, and there’s the ad for that, placed right in your face. Currently, the harvesting of your personal and private conversations is real and ongoing… putting that aside (and that’s a wholly different problem that Kin solves), someone is making money by scraping your personal data off of private communications and browsing histories, creating ads that target your interests, and then forcing you to watch those advertisements. A bot is reading your data, intuiting your thoughts, and someone profiting off of you. George Orwell’s “1984” called this person “Big Brother.” The KRE puts an end to this exploitative monetization model. The advertiser compensates you directly for viewing that advertisement, or answering that ad, or for playing that game. You can then spend your Kin on spend opportunities like branded Gift Cards from hundreds of big named merchants like Amazon, McDonalds, and Best Buy, or the user can take their Kin to an exchange and sell it for the fiat currency of their choice, US Dollars, Euros, GBP or Yen. You can use your Kin to buy music, to view curated content, or to tip a content provider. Paywalls for online journalism will become a thing of the past. The KRE will reward the developer or person or company who placed the ad and contributed to the ecosystem. The user is allowed to contribute financially to content they value; instead of having their personal information sold to an advertiser. The user also can benefit financially for their own intellectual efforts and content creation. Businesses and developers will be able to easily move their Kin to exchanges to trade for fiat currency; this enables them to pay bills and salaries, and reinvest in other parts of their business. This also creates liquidity for exchange trading, which is an important part of the Kin Ecosystem. In this way, the KRE will rewards users, developers and investors who participate by adding value to the ecosystem. It will be an “open” ecosystem, allowing people to choose their use of Kin, whether it be purchases within apps, soft monetization via giftcards, or hard monetization via exchange trading for fiat currency. It may also become an option for game fans, hobby coders and enthusiasts to produce a living income via Kin. Why are there two types of Kin? Initially, Kin was designed to exist on a single blockchain infrastructure, the Ethereum Blockchain. Kin’s ICO was performed on the ETH Blockchain, and all Kin currently available to buy on exchanges are ERC20 tokens, built around Ethereum. Last year, Ethereum experienced significant delays in transaction times because of a game that had been built on the platform, called “CryptoKitties.” This game became very popular very quickly with Crypto fans, and in their exuberance, their usage crashed the Ethereum platform. The Kin Foundation realized that Ethereum, in its current form, was neither fast enough, nor robust enough to support the millions of users of Kin. Something had to be done. The Foundation decided to seek another blockchain for Kin. Something faster, stronger, and secure enough for the millions of users of Kin to have near instantaneous, secure transactions, no matter what. A couple of solutions were found: The Stellar Lumens blockchain (XLM) was chosen because of it’s transaction speed, utility and robust nature, and the Orbs blockchain, which can stand as a replacement if there is a problem with Stellar down the road. But what about exchanges? Kin on Ethereum can expect to be on many exchanges, and that access to liquidity that is essential to the success of the project. Kin on Lumens or on Orbs wouldn’t have widespread access to exchanges. This was a dilemma, The solution was to create the first ever two-blockchain cryptocurrency. All Kin bought and sold on exchanges is on the Ethereum blockchain. Kin to be used in the KRE, the Kik app and the Kinit app, and in the remainder of the Kin Ecosystem, will be based on the Stellar Lumens blockchain. The two types of Kin will be functionally identical in value, and freely interchangeable between the two blockchains. Basically, users will earn and spend Kin (XLM) in the Kin Ecosytem, due to Stellar’s robust design and fast transaction speed, but when they wish to move their Kin to an exchange, their Kin (XLM) will be exchanged for Kin (ETH) on a 1 for 1 basis prior to moving the Kin to the exchange of their choice for trading purposes. In this way, the needs of all Kin users will be met. And should Stellar be someday unable to meet the demands of mass adoption, the Orbs Blockchain, and others, are available for later development. In any event, this dichotomy of Kin will be mostly transparent to the user, and will not impact the value or the utility of the currency. The Kin Foundation has developed this dual-blockchain technology so that Kin can become the first mass-adopted, widely used cryptocurrency in the world. So, how much will Kin be worth? This is a big question. Many naysayers don’t believe Kin will appreciate significantly because of the large supply. This is based on their past experiences with Cryptos that don’t have utility and are simply speculative in nature. That’s not the case with Kin. To be completely honest, no one knows how much appreciation Kin will experience, or when it will reach a certain value. Here’s what we do know: Kin is positioned to be the first mass-adoption cryptocurrency in the world. Today, less than six million people worldwide own or use and cryptocurrency… this is an astonishingly low number. Kik, the messaging app behind Kin, has over 300 million registered users. Kin will be introduced first on the Kik app; Kik app users will have their first opportunities to earn and spend Kin before the end of 2018. So basically, once Kin is introduced on the Kik app later this year, the number of people using cryptocurrency worldwide will multiply many times. In one day. Kik will introduce crypto to tens of millions of users by the end of the year. As mentioned before, Metcalfe’s Law shows the relationship between a cryptocurrency value and the usage or transactions conducted by that coin, and the circulating supply. With current supply at 756 billion, and assuming transaction numbers in the 10 million per day range, Kin should be trading at around $0.01 per coin. Remember, however, that the KRE will be raising the circulating supply, and it may take some time to get to 10 million transactions per day. The value of Kin hinges on these numbers. In this, the beginning of the ecosystem, there is no foolproof way to estimate the value of Kin on any certain day. That said, there is no limit to the value of the coin, over time. None. Not circulating supply, or market capitalization, or anything else. No limit. In a decade, after the ecosystem has matured and is operating solidly, Kin could be worth…. Well, you fill in your own numbers. I have my opinions, and they are not limited by the number of coins, the market cap or anything else designed into the coin. For me, it all hinges on mass adoption and usage. Partnerships Kin has inked a number of partnerships that are exciting and will stand the ecosystem well into the future. Two recently announced partnerships are UNITY and BLACKHAWK NETWORK. UNITY Unity is the ultimate game development platform. It brings together developers and technical assets in ways that allow the creation of some of the world’s most popular digital games. There were 5 billion downloads of games made with Unity in Q3 2016 alone. Today, games that were made with Unity exist on 2.5 billion unique mobile devices. App and game developers will be able to insert Kin’s “5 minute SDK” (Software development kit) into the code of their app or game, and be monetizing their efforts with Kin in minutes. This “plug and play” approach makes the Kin Ecosystem and its rewards accessible to almost every developer, without the expense, time and research of developing a cryptocurrency. It truly is bringing cryptocurrency to the masses. Simply plug the “5 minute SDK” into your code, launch/update it, and within minutes, you’re creating revenue. Your users will also have earn/spend opportunities, and your game/app usage will grow dramatically. No more sharing your revenue with the Apple App Store, or with Google Play Store. This is a huge increase in revenue for developers. BLACKHAWK Blackhawk Networks is the leading gift card supplier. Simply put, if you’ve ever used a gift card, it most probably came from Blackhawk Networks; that’s how deep their market goes. Over 250 different branded gift cards will be available for developers to choose from for their users to select, based on their personal knowledge of the demographic. Is your app a traffic or mapping app? Perhaps your users would appreciate being able to earn Kin to buy a Dunkin Donuts cash card. Because, coffee. Is your app a fitness app? Perhaps a Nike gift card is more appropriate. Is it a game geared towards younger users? There’s always McDonalds. A dating app? How about a card for flower delivery? You can see that the options are endless. And don’t forget, the user AND the developer can choose to move their kin to other apps for other options, or to large cryptocurrency exchanges, where they can exchange their Kin for dollars, euros, etc. In this way, the ecosystem is enhanced, the cycle begins again, and the KRE continues to reward. Big Investors One of the things that first got me excited about Kin was learning that Kik and Kin were heavily invested in by Tencent, the Chinese behemoth company behind WeChat. I travel extensively to China for my day job, and it was an incredible realization to see that most Chinese don’t carry paper currency anymore. Hundreds of millions of Chinese use WeChat every day to purchase everyday things like food, movies, clothing and the like. WeChat connects to the user’s bank account, and instantaneously debits the accounts when the user makes a purchase. Many retail outlets and vending machines in China no longer accept credit cards, and fiat purchases are dwindling in number. Tencent’s interest in Kin is significant. Imagine Kik, using Kin, evolving into something similar… with hundreds of millions of people using Kin to conduct a significant amount of the economic transactions in their daily life! The adoption and utility numbers are mind boggling. Additionally, there are a number of heavy hitters in the Crypto space investment community. Union Square Ventures (USV) is an investment fund that has bet heavily on Kik, and thereby, on Kin. Other investments from USV include CoinBase, Koko, DuckDuckGo, CodeAcademy, DuoLingo, Wattpad, SoundCloud, Foresquare, Kickstarter, Meetup, Etsy, Disqus, Tumblr, Twitter and Zynga. As you can see, Kin is extremely well positioned, and the monetization opportunity Kin represents for these companies is being explored. Wrapping it all up in a big red bow… The TL;DR version is this: Kin is poised to become the most used cryptocurrency in existence in 2018. As the KRE comes online, Kin is introduced to the Kik Community, the discrete Kin app (Kinit App) is released, the 5-minute SDK is finalized, more partnerships come online, more and major exchanges offer Kin trading, and word spreads, expect the value of Kin to begin growing significantly. Kin currently sits near the bottom of the top 100 cryptocurrencies in terms of market capitalization, but the expectation is that Kin will rise towards the top of the top 100 in short order. As the value increases, so does market cap. Don’t make the mistake of thinking market capitalization limits the growth of Kin in any way; it will be the usage and mass adoption that will grow the value. As the crypto market recovers from the last few months, look for Kin to accelerate its growth as more partnerships and exchanges are announced. Once the KRE begins operations, the value of Kin will grow more quickly. I do not expect Kin ever be worth less than it is right now. The future for Kin is extremely bright. The Kin Foundation has much work left to do, but they are up to the task. Stay informed, and make sure your portfolio has Kin in it!
Hey reddit - I want you guys to know what a difference this subreddit is making and how powerful it can be. About 3 months ago I developed a HTML5 wallet called BrainControl that got a bit of interest on /bitcoin. I originally made it as part of an application to join Mozilla after my second child turned up, and while it didn't get me the job, it's opened my eyes to just how rapidly bitcoin is growing at the moment and how important it is to keep that momentum going. With the help of that original BrainControl thread being posted here, I got the attention of 500 Startups, who accepted me as one of the first ever bitcoin projects to go through their accelerator. I've since raised $200,000, deprecated BrainControl and formed neuroware.io inc. Over the next few months I'll be building a bunch of things to help developers get started with their own applications and ideas, and for those that remember the original site the largest hand in bitcoin is back! I've moved from Malaysia to Silicon Valley and am working alongside some cool startups like bonafide.io (working on fraud prevention), Coinalytics (a new analytics platform), Monetsu, and GogoCoin (Bitcoin giftcards - thanks for all the BTC pizza Tom). If you want to know more about what I'm doing then you can checkout our blog here. We're open source so any comments or feedback would be very welcome in our early days, I really want this to be a community thing and will be more actively working on that side of things once the product is more mature. Anyway, seeing as it was you guys who helped get me here, I just wanted to say thank you for your help in motivating me to do something. If it weren't for the community, Bitcoin would never have got this far. We're changing the world here. Let's keep it up. Thanks reddit :-) EDIT: Thanks again for all your support reddit, it's really encouraging! I've seen a few comments on here about people with bitcoin projects or ideas and aren't sure how to get them started. There are 3 tech incubators in the Valley that I now know of personally and can actually recommend. Check out:
0xBitcoin (0xBTC) nVidia CUDA Miner, Pre-Built for Windows and Instructions. Newbie-friendly!
** PLEASE READ THE README! See the end of this post for more troubleshooting tips! Thanks! ** NOTE: I've retracted build TOFU-RC1.1 because of an issue communicating shares to the pool. I'll put another build together for Windows X64, and any info you will need to run it, once we figure out what the issue is. Thanks for your patience! RC1 does not show a hashrate report, but you can verify your approx. hashrate on the TMP pool's stats page. ** This build brings CUDA mining functionality from Linux to Windows X64 users. I tried to make it as easy to set up as possible. This is still software in-the-works, so please report any problems you might have here or at the Discord so we can figure them out! Thanks! ** Here's my attempt at making the CUDA miner work on Windows, and making it as painless as I can! Hopefully this is fairly "plug and play". :) I also added some functionality. I hope you guys like it! The enclosed README.txt should explain how to run and use it and solutions to some common problems. Build Mag517-RC1 for Windows X64: https://drive.google.com/open?id=1QWF_S7mfLGDk2YARC1ZZBYkmpqILLr0h I am going to commit my changes to the GitHub, once I set it up. Hurrah to the whole OPEN SOURCE 0xBitcoin miner team on the Discord! Including Infernal Toast, Mikers, @0x1d00ffff, developers of code this project is based on, coder of the original CPU miner and 1000x "Kaio-Ken" version... plus everyone else who knows who they are! Good Luck! May I suggest we join forces and point our miners at the TMP pool for the time being: http://tokenminingpool.com:8586 so that we can get some blocks and give PizzaPool some competition, with lower-fee pools and open-source, community supported miners. Let's take back the game! ;) Donations [ETH/0xBTC] welcome! Help my broke ass buy groceries. 0xa8b8ea4C083890833f24817b4657888431486444 TROUBLESHOOTING TIPS:
Is your machine's GUI too slow when mining? Try reducing intensity with the Block and Thread settings (Read on), turn off Hardware Acceleration in Windows and applications like FireFox, Chrome and Discord to make them draw with the CPU more, not the busy GPU. If you want it buttery-smooth, boot up with your monitor connected to a separate graphics card and mine on the non-display adapter. If your CPU has on-chip graphics, you can probably hook up to your motherboard's video output (not your graphics card's). Make sure the processor or onboard graphics are enabled and set as default in your BIOS/UEFI setup. THE WINDOW CLOSES IMMEDIATELY This is a command-line miner, so you must run it in a command prompt / powershell to see any output if it closes prematurely. Most often, the error you're looking at is the next one:
I GET A WEIRD DEPENDENCY ERROR, LOTS OF .JS STUFF
Make sure you have CUDA v9.1 or latest installed. Install the patches that are on the same download page after you install the main package. Make sure the paths have been added to your Environment Variables in the System Control Panel, Advanced Settings. Reboot or at least log out and back in to apply the new paths before running the miner.
WANT TO MINE WITH MORE THAN ONE GPU?
Remove an SLI or Crossfire bridge, if present. Disable SLI/Crossfire. Rename the EXE file to something else. Run both instances and use the nVidia Control Panel (right-click Desktop, nVidia option) to configure which card should run which process. This neat trick was discovered by @DigitalApathy on the Discord server!
KERNEL FAILS TO LAUNCH
Investigate the reported error, if any. This is most often caused by too high Block / Thread settings. It can also mean the GPU is busy, as in the miner did not gracefully close and release the device. Reboot or otherwise reset the card via software. POOL NOTE: I strongly recommend the use of TokenMiningPool and 0xPool as of 03.10.2018. This is so that we can build up a large enough hashpower to compete with the Pizza Pool (closed-source mining pool with DevFees.) Right now, PizzaPool is getting most of the blocks and the community pools aren't getting a fair shake. Let's join forces on TMP and 0xPool! Enjoy! - Lt. Tofu
Here I hope to highlight the complete fallacy of using the Market Cap for anything useful, particularly predicting future maximums, or even as a cross-crypto comparative tool. Disclaimer: As always, all of this is my opinion, so if you take issue with any of my statements, find the data to refute me, but don't expect me to 'jump' to your commands of 'prove it'. First, what is the definition of Market Cap? It's: (number of coins) TIMES (current price per coin) That's it. This simple formula, probably because of its simplicity, has lead to a rabid adoption by the general masses as some form of meaningful indicator. No serious investor acknowledges this sensationalist figure for technical analysis purposes, with perhaps the exception of its psychological effects on inexperienced traders. At this time, it's arguable that most of the money that sits in crypto is speculative, meaning investors hoping for the value to increase, as opposed to actually using the coin for transfer of value (purchases, etc.). This pool of speculative investor money is approaching maturity in that the cat is out of the bag for the most part so most potential crypto investors have already positioned themselves in the market, thus the early phenomenal historical gains of the past years, are unlikely to be reproduced by speculation money alone, simply because those gains were mostly due to the increasing awareness of crypto. Therefore, the pool of crypto value, while still growing substantically and crypto investing continues its mainstream adoption, isn't going to grow exponentially until a categorically new infusion of wealth presents itself. For the time being, this only really leaves opportunity for speculator sentiment to 'shift' wealth to the latest and greatest crypto, but the total real wealth increase has slowed. Back to Market Cap. I wish to dispel the two notions I mentioned earlier: 1) Myth: Each coin's Market Cap can be used to compare against each other The problem with the Market Cap formula is it attempts to answer a very complex question with too few variables; that question being, "what is the relative value of this coin to its maximum value?" Tricky question, because few people ask the question, "what decides the maximum value?" Time and time again, many people will erroneously use the leading coin's (Bitcoin) market cap as some sort of indicator of maximum market cap value for any other coin. How does this make any sense? Particularly if the coins are for completely different use cases. Why does Bitcoin's market cap have any relevance to Ethereum's, or Ripple's? Well, it doesn't, whatsoever; but, this is the psychological barrier put in place, presumably from instinctual impetus given that we see Bitcoin all grown up, so Bitcoin's siblings can't get much bigger right? They're not kids, so the first step to clearing the nonsense of Market Cap from your mind, is that one coin's market cap has anything to do with another coin's, for the same reason your kid went to college while the neighbor's kid smoked pot all day. 2) Myth: Market Cap can be used to predict maximum value Here's the really tricky part, and will form the remainder of this explanation. First, these are the important data points that need to be considered:
The maximum total of coins that will ever exist
The number of destroyed coins
The total coins currently in existence
The number of hoarded/locked coins
The number of utilized/circulated coins (this includes active trading)
The maximum value of market penetration (SWIFT market, retail market, lending, etc.)
All play a part in the current value of a coin. Without using all these factors involved in calculating the potential maximum price for a coin, you end up with gibberish, so let's try to put some real values at work for Ripple. These figures are very very rough, just to demonstrate their relationship, not actually predict a value.
maximum that will ever exist: 100 billion
destroyed coins: a few million
currently existing : 100 billion (minus a few million destroyed coins)
hoarded coins: 55 billion in lockup, billions more remaining in Ripple, Inc. another presumably 25 billion held by investors and FI's in hodl psychosis. Say the total is 95 billion.
maximum value of market penetration at any one moment: say $1 billion for our current active traders
Couple things I wish to point out here. First, why would I say $1 billion market penetration when billions can trade in a single day on exchanges? Well, if I give you $20, and you give me back $20, do I have $40 bucks now? No, of course not. That's why you have to pick a point in time that asks, how much XRP is being utilized for a purpose at this exact second, similarly to how an exchange determines value, point in time. That's why I chose $1 billion (a completely subjective number of course, plug in whatever you want). Second, the last parameter "market penetration" MUST be entirely compensated for by the total value of all the "utilized coins" simply because inactive/destroyed/locked coins don't contribute to the facilitating of the market penetration, only the utilized coins can do that. In other words, none of the other values matter. Therefore, the value of XRP = (market penetration) DIVIDED BY (# of utilized coins). In real numbers: $1 billion DIVIDED BY 5 billion coins = 0.20 cents per coin. Coincidence?? (Not really, I massaged the numbers of course). What does this all mean for market cap? Who gives a damn what 100 billion total coins TIMES 20 cents equals, it's meaningless. The value of XRP only depends on the market penetration and the number of coins that can be utilized. That's it. The meaningful calculation for coin cap valuation can only be 5 billion * 20 cents = $1 billion dollars (again, plug in your own numbers), a far cry from the insane $9 billion bloated figure everyone is using. Now that we've eliminated the gross exaggeration of XRP market cap, the even trickier part becomes determining market penetration maximums. It's easy to say, well, SWIFT transfers trillions of dollars per year. So what! It's completely irrelevant what happens over a year. What is relevant is how much money is in transit at any given point in time. Let's say $500 million for fun. That means if SWIFT was replaced with XRP, then at any given moment, $500 million worth of XRP would be in use. This would add further demand on the 5 billion utilized coins, so add $500 million DIVIDED BY 5 billion utilized coins = 10 cents to XRP's value, for a total of 30 cents. Not what you were hoping for? But wait, there's more... Replacing SWIFT in my mind, is a credibility strategy by Ripple, not necessarily its golden egg. Once XRP gets this exposure, it will have its foot in the door and XRP will rapidly cascade into literally every other use case (of which there are infinite) that money itself currently faciilties, and at the same time radically accelerating each of those paradigms, and creating so many new ones we have yet to conceive because old-fashioned money couldn't support new ideas. Let's look at a few others: RETAIL: Who wouldn't want to aim their smartphone camera at an on-screen QR code at the cash register, and then be done. No more credit cards, no more remembering dozens of PINs and passwords, no more trying to re-activate your credit card from suspected fraudulent activity because the banks are knee-jerking at your irregular purchase of a smoothie. To hell with banks. Click, done. Gazillions of dollars. This is a much larger market than SWIFT in my opinion, solely based on the frequency of transactions that will require much more overall XRP to be in flight at any given moment. VISA, the writing is on the wall buddy... ADOPTION: Imagine when people, businesses, governments even, stop always converting back to fiat and just staying in XRP. This becomes the 'currency flight' turning point, and valuation will go into the hundreds to billions (DIVIDED by the number of utilized coins). Multiple dollars per coin. EDIT: a lot of people misunderstand this statement as replacing fiat altogether, that's not where I was going with it. It just means they are increasingly using it, and it just makes sense to hang onto XRP instead of quickly in-and-out LENDING: Here's where solid figures go out the door. With solid reserve lending laws already in place, and if adoption is widespread, more and more XRP will be needed, and that need magnified by the banks tendency to lend wealth they don't actually have (mortgages? CDOs anyone?). INVESTING: If you think lending is big, how about the huge margin investing that we've seen in investment firms. It get's maniacal EMERGING COMMERCE: Micropayments, robotic payments, and completely unknown revenue streams that couldn't exist without XRP, much like Uber couldn't exist without smartphones. SPECULATION: Riding on top of it all, there are people that understand the above, and will be in early, and accordingly the price will ride the speculative bubble before these ideas are set in stone, so theoretically, the price of XRP will perpetually be artificially inflated in anticipation of its eventual justification as the new markets embrace it. Suffice it to say, that the demand for XRP can easily eek into the trillions, even quadrillions, which DIVIDED by 5 billion, is many thousands of dollars per XRP. However dreamy and seemingly impossible these figures appear, that my friends is the potential market for XRP, beyond comprehension. So take your market cap and toss it in the garbage where it belongs. Will it hit any of these values? Who knows.. but what's important to recognize is that XRP doesn't answer to stupidity like: A TIMES B EQUALS Maximum, nor does it answer to Bitcoin, or SWIFT, or even the entire wealth of the world; it makes its own value.
Nice Article About How HPB Perform Vs EOS (and so ETH)
NULS: A highly Adaptable Blockchain For Businesses
Why NULS Was Born Blockchain should be available and affordable for all businesses and adaptable to every business need. Yang Lin “in the past year or so, more than 30 companies and individuals reached us and asked if we can develop a blockchain of their own. We refused almost all of them, because we clearly understand that the growth of demand for the blockchain will usher in explosive growth, and we strive to solve the needs of more people.” The cost of developing the blockchain of those 30 companies are enormous and very time consuming. NULS will solve this issue by allowing them to build their own chain on NULS very quickly and cheaply with NULS main product: Chain Factory. NULS’ New Consensus Mechanism: POC Proof of Credit is a new consensus method created by NULS. It works the same as ‘Proof of Stake’, since you have both nodes and stakers to secure the network. PoC but has the advantages of being environmentally friendly without wasting excessive power like Bitcoin and other platforms that use Proof of Work. Proof of Credit was created to address and remove the disadvantages of the PoS system. PoS has the flaw of being potentially less secure than PoW because nodes are not penalized in any way if they stop securing the network. NULS’ new consensus Proof of Credit solves this issue by creating a credit rating for nodes. If your node is securing the network with the minimum server specifications, it will receive the full staking rewards. If it stops securing the network (misses a block or server specifications are insufficient to perform optimally), then it will receive a yellow card for each offense. Every yellow card it receives will reduce the rewards that node receives, which keeps the node operators motivated to make sure that their node is always securing the network. Therefore, the NULS PoC system has the benefits of PoS, as well as the high network security of PoW making it the new superior consensus choice. NULS’ Main Product: Chain Factory Chain Factory was created by NULS to make block chain creation affordable and accessible to even the smallest businesses. Chain Factory makes this possible through its module repository which stores independent modules for all use cases and business needs. The module repository allows businesses with no coding knowledge or experience to simply drag and drop, or plug and play like Wordpress, any module they desire for creating their own customized blockchain for all of their unique business needs. The module repository is unlimited with regard to which modules are created and stored on it, and modules for every division of labor will be created and added to the repository over time. With this kind of versatility at hand, NULS is able to reduce the cost and time for businesses that need to access the advantages of blockchain technology. Chain Factory’s Cross-Chain Module The cross-chain module allows NULS to transmit data and assets across different blockchains. This is significant because interoperability will create enormous growth within the NULS ecosystem, because it allows for free asset and data information between chains. This means that innovation can spread quickly from chain to chain, benefitting the development and ecosystem of all those who participate in the network, further accelerating blockchain development, scalability and adoption. Full article at https://steemit.com/nuls/@zanenodeamazing/nuls-the-most-adaptable-blockchain-for-businesses
This is a proposal to accelerate development of Married Wallets. We believe that Multi-Sig Security is a must-have standard for all kinds of wallets. It protects consumers and removes risks from companies. We are startups, 37Coins, CyptoTrustPoint recently selected for the PnP Bitcoin accelerator. All of our companies have a requirement for Multi-Sig support with HD Bitcoin wallets. We believe that this is a must-have standard for all kinds of wallets. It protects consumers and removes risks from companies. We have decided to join forces and push the development of this technology in a fashion that is beneficial to the entire Bitcoin ecosystem. One of our initiatives to solve this problem this is the issuance of bounties: Solve the issue, get paid! We need help with spreading this message and increasing the size of the bounty, making it more attractive. We have deposited 5 BTC here : 1C2zaVZBwLfS4mJAgjKKVPp8xppVxeLTMN The funds in this address will be payed out for the amount stated on each issue. If we receive more donations to this address, we will create additional tasks and assign the funds and bounties to them. As soon as technically feasible, we will implement a Multi-Sig voting pool to distribute the bounties. WHAT WE NEED We have researched implementations that suit our requirements for running mobile android wallets. We consider bitcoinj the most advanced and independent community driven implementation for mobile and want to focus our efforts on it. We are looking for like-minded developers with a good understanding of Bitcoin and it's underlying cryptography. The goal is the implementation of "married wallets" as described in this design document by Mike Hearn: https://groups.google.com/forum/#!msg/bitcoinj/Uxl-z40OLuQ/e2m4mEWR6gMJ HOW TO CLAIM BOUNTIES To claim bounties you will need solid Java skills. Start working on a bounty by adding a comment on any issues in in this Github project, along with your bitcoin address and how long you need to finish it. This way, bounties can be claimed on a first-come first-served manner, but others may attempt it if the original claimer cannot finish it in a reasonable time. You will need to clone the original bitcoinj repository, implement the requirements referenced in the chosen issue. Having followed the coding conventions and provided unit tests you then create a pull request and have it reviewed by the repository owner. Once the pull request is accepted into the upstream repository we will pay out the bounty. Here is a quick link to the issues: bitcoinj bounties - issues
5/6/14 Video News - China exchanges pull back, 1st Australia bitcoin fund & 1st Swiss exchange
Video: http://moneyandtech.com/may6-news-update/ Catch up with today's top news stories in Money & Tech: BTC China announced via Twitter today that it has suspended Chinese yuan deposits from the Bank of China, following their halt on customer deposits with the China Merchants Bank late last month. In related news, the CEOs of five major Chinese bitcoin exchanges OKCoin, Huobi, BTC China, BTC Trade and CHBTC have withdrawn from this weekend’s Global Bitcoin Summit in Beijing. The executives released a joint statement explaining that they will no longer be participating in large bitcoin meetings or gatherings. In Switzerland, the first Swiss cryptocurrency exchange eCUREX launched on Sunday. The new exchange now provides a platform for real-time trading between cryptocurrencies, and plans with its second phase to offer real-time trading between bitcoin and litecoin and major fiat currencies including the US dollar, Euro, British pound, and Swiss franc. Australia’s first dedicated bitcoin investment fund, the Future Capital Bitcoin Fund, launched on Monday with a balance of $30 million dollars. The fund is now accepting further investment, as well as expressions of interest from “companies facilitating payments, exchanges, trading and smart property rights.” The fund's managers are eager to realize bitcoin's value as a payments protocol and decentralized trust system, saying “we see great scope for the broader adoption of Bitcoin and its related applications to redefine the global payment status quo.” Digital currency accelerator Alternet Systems announced Monday its new Digital Bank initiative. The new initiative will develop innovative consumer products such as multi-asset debit and credit cards, with a goal of offering seamless integration of multiple payment options on one platform to people all over the world, particularly "people in the parts of the world with volatile currencies." The US Conference of State Bank Supervisors and their Emerging Payments Task Force have announced plans to hold a public hearing on emerging payments issues, including digital currencies, in Chicago on May 16th. The hearing will feature panel discussions with key businesses and individuals involved in the payments and digital currency industries, and will be open to the public and media. The Electronic Funds Transfer Association and the ATM Industry Association have jointly released their second commissioned report entitled “Bitcoin: Virtual Currency with Real Opportunities.” The report points out "a unique set of challenges to regulators", but overall reflects a positive attitude about bitcoin's potential benefits as a “fascinating new payments technology,” echoing their first report ""An Introduction to Bitcoin ATMs"", which was similarly optimistic. Accomplished athlete Elsa Hammond is accepting bitcoin donations per mile or oar stroke for The Great Pacific Race, where she will attempt to break world records in the self-proclaimed biggest, baddest human endurance challenge on the planet. Rowing teams from all over the world will compete in this first ever race across the Pacific ocean, which will commence on June 7th and stretch for 2,400 miles from Monterey, California to Honolulu, Hawaii. We attended the first ever Bitcoin Job Fair this past weekend at Silicon Valley’s Plug And Play Center, where we interviewed the event’s organizers and attendees. We’ll be bringing you those interviews here all this week.
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? (354 points, 116 comments)
"Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, btc" ~ u/randy-lawnmole (176 points, 114 comments)
"You have to understand that Core and their supporters eg Theymos WANT a hardfork to be as messy as possible. This entire time they've been doing their utmost to work AGAINST consensus, and it will continue until they are simply removed from the community like the cancer they are." ~ u/singularity87 (170 points, 28 comments)
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer (146 points, 59 comments)
Now that BU is overtaking SW, r\bitcoin is in meltdown. The 2nd top post over there (sorted by "worst first" ie "controversial") is full of the most ignorant, confused, brainwashed comments ever seen on r\bitcoin - starting with the erroneous title: "The problem with forking and creating two coins." (142 points, 57 comments)
enough with the blockstream core propaganda : changing the blocksize IS the MORE CAUTIOUS and SAFER approach . if it was done sooner , we would have avoived entirely these unprecedented clycles of network clogging that have caused much frustrations in a lot of actors (173 points, 15 comments)
Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. (566 points, 87 comments)
So, Alice is causing a problem. Alice is then trying to sell you a solution for that problem. Alice now tell that if you are not buying into her solution, you are the cause of the problem. Replace Alice with Greg & Adam.. (139 points, 28 comments)
SegWit+limited on-chain scaling: brought to you by the people that couldn't believe Bitcoin was actually a sound concept. (92 points, 47 comments)
Reality check: today's minor bug caused the bitcoin.com pool to miss out on a $12000 block reward, and was fixed within hours. Core's 1MB blocksize limit has cost the users of bitcoin >$100k per day for the past several months. (270 points, 173 comments)
Top post on /bitcoin about high transaction fees. 709 comments. Every time you click "load more comments," there is nothing there. How many posts are being censored? The manipulation of free discussion by /bitcoin moderators needs to end yesterday. (229 points, 91 comments)
Fantasy land: Thinking that a hard fork will be disastrous to the price, yet thinking that a future average fee of > $1 and average wait times of > 1 day won't be disastrous to the price. (209 points, 70 comments)
"Segwit is a permanent solution to refuse any blocksize increase in the future and move the txs and fees to the LN hubs. The chinese miners are not as stupid as the blockstream core devaluators want them to be." shock_the_stream (150 points, 83 comments)
In response to the "unbiased" ELI5 of Core vs BU and this gem: "Core values trustlessness and decentralization above all. Bitcoin Unlimited values low fees for on-chain transactions above all else." (130 points, 45 comments)
Core's own reasoning doesn't add up: If segwit requires 95% of last 2016 blocks to activate, and their fear of using a hardfork instead of a softfork is "splitting the network", then how does a hardfork with a 95% trigger even come close to potentially splitting the network? (96 points, 130 comments)
I'm more concerned that bitcoin can't change than whether or not we scale in the near future by SF or HF (26 points, 9 comments)
"The best available research right now suggested an upper bound of 4MB. This figure was considering only a subset of concerns, in particular it ignored economic impacts, long term sustainability, and impacts on synchronization time.." nullc (20 points, 4 comments)
At any point in time mining pools could have increased the block reward through forking and yet they haven't. Why? Because it is obvious that the community wouldn't like that and correspondingly the price would plummet (14 points, 14 comments)
Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. by parban333 (566 points, 87 comments)
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? by ydtm (354 points, 116 comments)
151 points: nicebtc's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
123 points: 1DrK44np3gMKuvcGeFVv's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
117 points: cryptovessel's comment in nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin.
117 points: seweso's comment in Roger Ver banned for doxing after posting the same thread Prohashing was banned for.
113 points: BitcoinIsTehFuture's comment in Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons.
106 points: MagmaHindenburg's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
98 points: lon102guy's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
In the latest sign that pricey compliance and uncertain regulations in the U.S. are pushing Bitcoin boosters to look abroad, Plug and Play Tech Center is launching an accelerator dedicated to the Plug and Play's Food and AgTech Accelerator Program in Thailand will connect leading corporations, governments, and investors with the Plug and Play ecosystem which boasts over 20,000 startups Plug and Play Fintech was launched in 2015 and has accelerated 200+ Fintech startups and invested in 50+. To forward our mission, we have expanded our offices to NYC, Paris, Abu Dhabi, Frankfurt, Tokyo, Singapore, and China. Buy Hands Free Bitcoin Bit Kit - Plug and Play Bitcoin Miner - ASIC Miner - All in One, Easy Bitcoin Mining Kit (14 TH/s): Internal Power Supplies - Amazon.com FREE DELIVERY possible on eligible purchases Bitcoin-focused Startup Accelerator Program Plug and Play Bitcoin provides seed-funding, mentorship and acceleration to startups and first-time entrepreneurs to help them bring to market the next disruptive solution for the growing worldwide economy.
LinkedAge Pitch @ Axel Springer Plug and Play Demo Day
Welcome to Plug and Play Accelerator - Duration: 0:47. Plug and Play Tech Center 2,762 views. 0:47. Language: English Location: United States Restricted Mode: Off History Help Additionally, Scott is the founder of Plug and Play Bitcoin, the co-organizer of the world’s oldest Bitcoin Meetup and founder of the first nationally syndicated Bitcoin Job Fair. Prior to ... Hi I am Masa Keith Nakatsu, Founder and Ex CEO of Orb ( founded 2014 and acquired by SBI Holdings in 2018 ) , Lead Mentor for Google Global Accelerator Program, and EIR at OIST. I am serial tech ... Apparently Different - Investor Pitch at Plug and Play Accelerator Demo Day - Duration: 6:09. Daniel Welberts 1,268 views. 6:09. Rise of the Robo Advisors - Duration: 3:21. Bitwage is building a bitcoin payroll system that breaks down borders and enables anyone around the world to engage in a global workforce. This Plug and Play Accelerator company uses the Bitcoin ...