The resolution of the bitcoin experiment : btc

The resolution of the Bitcoin Cash experiment – _unwriter – Medium

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The resolution of the Bitcoin Cash experiment – _unwriter – Medium

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The resolution of the Bitcoin Cash experiment – _unwriter – Medium

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The resolution of the Bitcoin Cash experiment – _unwriter – Medium

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The resolution of the Bitcoin Cash experiment – _unwriter – Medium

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The resolution of the Bitcoin Cash experiment – _unwriter – Medium

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AUDIO: Full Reading of Mike Hearn's Post with Visual Aid: The resolution of the Bitcoin Experiment Medium (2016-01-14)

AUDIO: Full Reading of Mike Hearn's Post with Visual Aid: The resolution of the Bitcoin Experiment Medium (2016-01-14) submitted by BitcoinAllBot to BitcoinAll [link] [comments]

AUDIO: Full Reading of Mike Hearn's Post with Visual Aid: The resolution of the Bitcoin Experiment Medium (2016-01-14)

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https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.3kkctanim

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In Light of CipherTrace, Let's Talk Opsec

So I was very skeptical at first, but Dave maybe convinced me about 10% that they have some level of capability in the direction they're suggesting. The techniques are stuff we've known, and it would require large computational resources, combined with loads of offchain data, but maybe they have taken efforts to the next level. It's my belief that govts and banks really dislike Monero. So with that in mind lets give them some small benefit of the doubt and take some creative license:
Again, they would need some serious computational power and off-chain data feeds. I also imagine that their models suffer from time-decay, especially without a constant stream of hueristic data. Notice at the end he emphasized opsec. Here, I really do believe him. So finally, lets talk opsec.
I have mixed feelings on this. One of our selling points is default privacy made easy. A lot of what I wrote above doesn't exactly sound simple. On the other hand, crypto is about self responsibility and knowledge. Most people ought to have been adhering to at least the basics (ToVPN, new subaddresses, run your own node). But even if we give CT the benefit of the doubt, the following is still true:
Newb use of Monero is far more private than ninja use of Bitcoin.
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We were warned about ABC/Amaury two years ago. Unwriter predicted the future.

This article is worth reading again, especially the part on protocol development centralization. Gotta hand it to Unwriter, he called it correctly.
submitted by steeevemadden to btc [link] [comments]

For the newcomers

I haven't seen this posted in a while. If you've never read this post, you really should.
Edit: Screwed up the formatting. See other comments.

People should get the full story of bitcoin because it is probably one of the strangest of all reddit subs.
bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.
For most of bitcoin's history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we're some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.
Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to btc and do a search. It's a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.
Towards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.
Users, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem bitcoin. There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin's history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.
A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000's in revenue per day a miner would be making.
Various developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin's simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.
After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.
While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS. Employees of Blockstream were recommending attacks against the software, such as faking support for it, to only then drop support at the last moment to put the network in disarray. Blockstream employees were also publicly talking about suing Gavin and Mike from various different angles simply for releasing this open source software that no one was forced to run. In the end Mike Hearn decided to leave due to the way many members of the bitcoin community had treated him. This was due to the massive disinformation campaign against him on bitcoin. One of the many tactics that are used against anyone who does not support Blockstream and the bitcoin developers who work for them is that you will be targeted in a smear campaign. This has happened to a number of individuals and companies who showed support for scaling bitcoin. Theymos has threatened companies that he will ban any discussion of them on the communication channels he controls (i.e. all the main ones) for simply running software that he disagrees with (i.e. any software that scales bitcoin).
As time passed, more and more proposals were offered, all against the backdrop of ever increasing censorship in the main bitcoin communication channels. It finally come down the smallest and most conservative solution. This solution was much smaller than even the employees of Blockstream had proposed months earlier. As usual there was enormous attacks from all sides and the most vocal opponents were the employees of Blockstream. These attacks still are ongoing today. As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them. They promised that they would release code that would offer an on-chain scaling solution hardfork within about 4 months, but if the miners wanted this they would have to commit to running their software and only their software. The miners agreed and the ended up not running the most conservative proposal possible. This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents an purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.
There is a new proposal that offers a market based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good.
To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.
Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind blowing. One last thing that I think is worth talking about is the u/bashco's claim of vote manipulation.
The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers. Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub buttcoin. Up until last year you could go down to the bottom of pretty much any thread in bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from bitcoin they ended up congregating in btc. The strange thing was that the users listed in that video also moved over to btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in btc while they are happy about the censorship in bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.
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Update and Few Thoughts, a (Well-Typed) transcript: Liza&Charles the marketeers, Voltaire kick-off, PrisM and Ebb-and-Flow to fuck ETH2.0 Gasper, the (back)log of a man and a falcon, lots of companies, September Goguen time, Basho, 2021 Titans, Basho, Hydra and much more thoughts and prayers

Hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado. I'm trying a new streaming service and it allows me to annotate a few things and simulcast to both periscope and youtube. Let's see how this works. I also get to put a little caption. I think for the future, I'm just for a while going to put: "I will never give away ada". So, when people repost my videos for giveaway scams they at least have that. First off, a thank you, a community member named Daryl had decided to carve a log and give his artistic impression of my twitter profile picture of me and the falcon so that always means a lot when I get these gifts from fans and also I just wanted to, on the back of the Catalyst presentation, express my profound gratitude and excitement to the community.
You know it's really really cool to see how much progress has been made in such a short period of time. It was only yesterday when we were saying "when Shelley"? Now Shelley's out and it's evolving rapidly. Voltaire is now starting to evolve rapidly and we're real close to Goguen. At the end of this month we'll be able to talk around some of the realities of Goguen and some of the ideas we have and give some dates for certain things and give you a sense of where that project is at. The good news is that we have gained an enormous amount of progress and knowledge about what we need to do and how to get that done and basically people are just executing and it's a much smaller task than getting us to Shelley. With Byron to Shelley we literally had to build a completely new cryptocurrency from the ground up. We had to have new ledger rules, new update system, we had to invent a way of transitioning from one system to another system and there's hundreds of other little innovations along the way: new network stack and so forth. Byron cosmetically looks like Shelley but under the hood it's completely different and the Shelley design was built with a lot of the things that we needed for Goguen in mind. For example, we built Shelley with the idea of extended UTXO and we built Shelley understanding what the realities were for the smart contract model and that's one of the advantages you get when you do this type of bespoke engineering. There's two consequences to that, one, the integration is significantly easier, and two, the integration is significantly faster. We won't look at that same complexity there.
The product update at the end of the month... We'll really start discussing around some of these things as well as talk about partners and talk about how the development ecosystem is going to evolve. There are a lot of threads throughout all three organizations that are happening simultaneously. Emurgo, they're really thinking deeply about DeFi and they've invited us to collaborate with them on things like stablecoins for example but we're also looking at oracles (oracle pools), DEX and these other things and because there are already people in market who have made mistakes, learned lessons, it gives us the benefit of hindsight. It means we can be much faster to market and we can build much more competitive things in market and the Cardano community gets first access to these next generation DeFi applications without a lot of the problems of the prior generations and that's super beneficial to us.
You know, the other side of it, is that Voltaire is going to have a systemic influence not just on community funding but also the overall evolution and direction of the platform. The longer it exists the more pervasive it will become. Probably first applied towards the Cardano foundation roadmap but later on it will definitely have a lot of influence and say over every element aspect of the system including the launch dApps and these other things. Basically, long term, the types of problems that Cardano solves so that's incredibly appealing to me and very exciting to me because it's like I have this giant community brain with the best and brightest of all of you working with us to get us where we need to go.
You know, another thing that was super encouraging, it's a small thing, but it shows us that we're definitely in the right direction was that we recently got a demo from Pramod (Viswanath) and his team out of university of Illinois on a protocol they create called PrisM which is a super fast proof-of-work protocol and they wrote this beautiful paper and they wrote code along with it that showed that PrisM is a ten thousand times faster than Nakamoto consensus. If you take the bitcoin proof-of-work protocol, you strip it out, you put PrisM in, you can run the entire bitcoin system 10000 times faster. They have these beautiful benchmarks to show that. Even in bad network conditions. (I'm) promoting this team, they're, they're real researchers, and they're real engineers, they use a lot of cool HPC concepts like springboarding and other things like that to accommodate that. Then I asked him in the presentation, I said well, how much faster if you replay the Ethereum chain? He says, well, that it takes a big performance hit, could be only maybe a hundred times because that model is not as easy to optimize and shard with standard computer science concepts. In fact in some cases there are limitations there that really can't be overcome. It turns out that we're more on that UTXO side than we are on the account side. As a coincidence or intent of the design of extended UTXO we're gonna have a lot easier time getting much higher performance where and when it's necessary.
I also approved this week a scaling up of the Basho project. In particular, to build a hydra prototype team. The science has gotten to a point where we can make a really competitive push in that particular direction. What does that mean? It means that in just a few short months we can de-risk technological approaches that long-term will give us a lot of fruit where and when the community decides that they need infrastructure like hydra. Now, here's the beautiful thing about hydra. If you watch my whiteboard back in September of 2017 when Cardano first hit market with Byron I talked about this concept of looking at scalability with a very simple test which is as you get more people in the system it stays at the same performance or it gets faster. We all experience systems that do this, for example, bittorrent, more people downloading something you tend to be able to get it faster and we all experience the converse which is, the system gets slower when you get more people. What does this mean? It means that hydra is an actual approach towards true scalability in the system and it's a lot easier to do than sharding even though we have a beautiful approach to get the sharding on the ledger side if we truly desire to go down that way. There's beautiful ideas that we are definitely in deep discussions about. That's a very complex thing. There was recently a paper ("Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma") out of Stanford that showed that the Gasper protocol as proposed for ETH2.0 does have some security concerns and it's going to be the burden on the shoulders of the Ethereum 2.0 developers and Vitalik to address those concerns from those Stanford professors. Whenever you have these very complex protocols they have so many different ways they can break and things can go wrong so it's much more appealing when you don't have to embrace complexity to achieve the same. The elegance of hydra is that stake pool operators are very natural parties to put hydra channels on and every time we add one we get much more performance out of that and the system as it gets more valuable. The k factor increases which means you get more stake pull operators, which means you get more hydra channels, so with growth we get appreciation, with appreciation we get more decentralization, with more decentralization we get more performance. In essence, this spiritually speaking, is really what we meant when we said scalability. That the system will always grow to meet its particular needs and we have a very elegant way of moving in that direction that doesn't require us to embrace very sophisticated techniques. It's not to say that these techniques don't have a place and purpose but it says that the urgency of implementing these is gone and we then have the luxury to pick the best science when it's ready instead of rushing it to market to resolve a crisis of high fees. We'll never have that crisis so there's a beauty to Cardano that is missing, I in my view, from many cryptocurrencies and blockchains in the marketplace and we're now seeing that beauty shine through. Not only through our community who are so passionate and amazing but in the science and the engineering itself and how easy it is for us to navigate the concepts. How easy it is for us to add more things, to take some things away, to clean some things up here and there and our ability to move through.
I never imagined when in 2015 I signed up to go in on this crazy ride and try to build a world financial operating system we would have made as much progress as we made today. We've written more than 75 research papers as an organization many of which are directly applicable to Cardano. We've got great partners who work with Nasa and Boeing and Pfizer, massive companies, that have 10 years of history and millions of users to come in and help us grow better. We've worked with incredible organizations, major universities like university of Wyoming, university of Edinburgh, Tokyo, tech professors all across the world. We've worked with incredible engineering firms like VacuumLabs and AtixLabs and Twig and Well-Typed, runtime verification, QuviQ and dozens of others along the years and despite the fact that at times there's been delays and friction throughout this entire journey we've mostly been aligned and we keep learning and growing. It gives me so much hope that our best days are ahead of us and an almost fanatical belief that success is inevitable in a certain respect. You see because we always find a way to be here tomorrow and we always find a way to make tomorrow a better day than today and as long as that's the trend you're monotonically increasing towards a better tomorrow, you're always going to have that outcome, you're always going to be in a position where Cardano shines bright. Towards the end of the month we'll have a lot more to say about the development side and that'll be a beginning just like Voltaire is the beginning and then suddenly you now notice the beautiful parallelism of the roadmap. Shelley continues to evolve, partial delegation is coming, in fact, I signed the contract with vacuumlabs to bring that to Ledger (and Trezor). The Daedalus team is hard at work to make that feature apparent for everyone as is the Yoroi team.
You see that, with now Voltaire, and soon was Goguen, and these are not endpoints, rather they're just beginnings and they're never over. We can always make staking better, more diverse, more merit-based and entertain different control models, have better delegation mechanics, have better user experience. The same for smart contracts, that's an endless river and along the way what we've discovered is it's easy for us to work with great minds and great people. For example with testing of smart contracts I would love to diversify that conversation above and beyond what we can come up with and bring in some firms who have done this for a long time to basically take that part with us shoulder to shoulder and build beautiful frameworks to assist us. For example, runtime verification is doing this with, the EVM with a beautiful project called Firefly to replace Truffle. I believe that we can achieve similar ends with Plutus smart contracts.
When you ask yourself what makes a system competitive in the cryptocurrency space? In my view there are four dimensions and you have to have a good story for all four of those dimensions. You need security and correctness. A lot of people don't prioritize that but when they get that wrong it hurts retail people, it hurts everyday people, billions of dollars have been lost due to the incompetence and ineptitude of junior developers making very bad mistakes and oftentimes those developers faced no consequences. The people who lost money were innocent people who believed in cryptocurrencies and wanted to be part of the movement but didn't protect themselves adequately. That's a really sad thing and it's unethical to continue pushing a model that that is the standard or the likely outcome rather than a rare edge case. You have to as a platform, a third generation platformn invest heavily in giving the developers proper tools to ensure security and correctness. We've seen a whole industry there's been great innovations out of Quantstamp and ConsenSys and dozens of other firms in the space including runtime verification who have really made major leaps in the last few years of trying to improve that story. What's unique to Cardano is that we based our foundations on languages that were designed right the first time and there's over 35 years of history for the approach that we're following in the Haskell side that allows us to build high assurance systems and our developers in the ecosystem to build high assurance systems. We didn't reinvent the wheel, we found the best wheel and we're giving it to you.
I think we're going to be dominant in that respect as we enter 2021. Second, you look at things like ease of maintenance, ease of deployment, the life cycle of the software upgrades to the software and as we've demonstrated with things like the hard fork combinator and the fact that Voltaire is not just a governance layer for ada and Cardano but will eventually be reusable for any dApp deployed on our system. You have very natural tooling that's going to allow people to upgrade their smart contracts, their dApps and enable governance for their users at an incredibly low cost and not have to reinvent the governance wheel each and every application. This is another unique property to our system and it can be reused for the dApps that you deploy on your system as I've mentioned before. Performance is a significant concern and this was often corrupted by marketers especially ICO marketers who really wanted to differentiate (and) say: "our protocol tested on a single server in someone's basement is 500000 transactions per second" and somehow that translates to real life performance and that's antithetical to anyone who's ever to study distributed systems and understands the reality of these systems and where they go and what they do and in terms of performance. I think we have the most logical approach. You know, we have 10 years of history with bitcoin, it's a massive system, we've learned a huge amount and there's a lot of papers written about, a lot of practical projects and bitcoin is about to step into the world of smart contracts. We congratulate them on getting Schnorr sigs in and the success of Taproot. That means entering 2021, 2022, we are going to start seeing legitimate dApps DeFi projects, real applications, instead of choosing Ethereum or Algorand, EOS, Cardano, choosing bitcoin and they're adding a lot to that conversation. I think that ultimately that model has a lot of promise which is why we built a better one. There are still significant limitations with what bitcoin can accomplish from settlement time to the verbosity of contracts that can be written.
The extended UTXO model was designed to be the fastest accounting and most charitable accounting model ever, on and off chain, and hydra was designed to allow you to flex between those two systems seamlessly. When you look at the foundations of where we're at and how we can extend this from domain specific languages, for domain experts, such as Marlowe to financial experts, and the DSLs that will come later, for others, like lawyers and supply chain experts in medical databases and so forth and how easy it is to write and deploy these. Plutus being beautiful glue code for both on and off chain communications. I think we have an incredibly competitive offering for performance and when hydra comes, simply put, there'll be no one faster. If we need to shard, we're going to do that and definitely better than anybody else because we know where our security model sits and there won't be surprise Stanford papers to blindside us that require immediate addressing.
In terms of operating costs, this is the last component, in my view, and that's basically how much does it cost you the developer to run your application? There are really two dimensions, one is predictability and the other is amount. It's not just good enough to say: it's a penny per transaction today. You need to know that after you spend millions of dollars and months or years of effort building something and deploying something that you're not going to wake up tomorrow and now it's five dollars to do what used to cost a penny. You need that cost to be as low as possible and as predictable as possible and again the way that we architectured our system and as we turn things on towards the end of this year and as we enter into the next year we believe we have a great approach to achieve low operating cost. One person asks why Cardano? Well because we have great security and correctness in the development experience and tools with 35 years of legacy that were built right the first time and don't put the burdens of mistakes on your customers. They ask why Cardano and we say: well the chain itself is going to give you great solutions with identity value transformation and governance itself and as a consequence when you talk about upgrading your applications having a relationship with your customers of your applications and you talk about the ease of maintenance of those applications. There's going to be a good story there and we have beautiful frameworks like Voltaire that allow that story to evolve and we keep adding partners and who have decades of experience to get us along. We won't stop until it's much better. They asked why Cardano? We said because at the moment we're 10 times faster today than Ethereum today and that's all we really need for this year and next year to be honest and in the future we can be as fast as we need to be because we're truly scalable. As the system gets more decentralized the system improves performance and where and when we need to shard we can do that. We'll have the luxury of time to do it right, the Cardano way, and when people ask why Cardano? Because the reality is, it's very cheap to do things on our platform and the way we're building things. That's going to continue being the case and we have the governance mechanisms to allow the community to readjust fees and parameters so that it can continue being affordable for users. Everything in the system will eventually be customizable and parameterizable: from block size, to transaction fees and the community will be in a good position to dynamically allocate these things where and when needed so that we can enjoy as an ecosystem predictability in our cost.
In the coming weeks and months, especially in my company, we're going to invest a lot of time and effort into comparison marketing and product marketing. When I see people say, oh well, you've launched proof of stake, a lot of other people have done. I don't think those people fully appreciate the magnitude of what we actually accomplished as an ecosystem and the quality of the protocols that are in distribution. That's not their fault, it's our fault, because we didn't take the time in simplistic terms, not scientific papers and deep code and formal specifications, but rather everyday language, to really show why we're different. I admit that that's a product failing and that needs to be corrected so we hired a great marketing director, named Liza (Horowitz?) and she is going to work full time with me and others in the ecosystem, a great team of people, every single day to get out there and explain what we have done is novel, unique, competitive and special to our industry. Everything from Ouroboros and contrast to major other protocols from the EOSes and Algorands and the Tezos of the world. Why we're different, trade-offs we chose over them, to our network stack, to the extended UTXO model, to Plutus, to Marlowe and we're going to keep hammering away at that until we get it right and everybody acknowledges and sees what has been accomplished.
I've spent five years of my life, good years of my life, and missed a lot to get this project where it needs to go. All of our employees have invested huge sums of their personal lives, their time, their brand, their careers, in trying to make this the really most magical and special cryptocurrency and blockchain infrastructure around. No one ever signed up in this company or the other companies working on Cardano to work on a mediocre protocol. That's just another blockchain, they signed up to change the world, they signed up to build a system that legitimately can look at you in the face and say: one day we have the potential to have a billion users! That's what they signed up for and they showed up to play. They built technology that evolves in that direction with some certainty and great foundations and we have an obligation to market in a way that can show the world why, succinctly, with clarity. Understandably, this has been a failing in the past but you know what? You can always be better tomorrow that monotonically increasing make it better and that's what we're going to do. We recognized it and we're going to invest in it and with Voltaire if we can't do it. You the community can do it and we'll work with you. If you can do a better job and the funding will be there to get that done. In addition to this, we think about 2021 and we ask where does the future take us? I've thought a lot about this you know I've thought a lot about how do we get the next five years as we close out 2020 and here's the reality: we're not going to leave as a company until we have smart contracts and multi-asset and Voltaire has evolved to a point where the community can comfortably make decisions about the future of the protocol and that the staking experience has solidified and it's stable.
I don't care if this costs me millions or tens of millions of dollars out of my own pocket to make happen. I'm going to do that because that's my commitment to you, the community and every product update will keep pushing our way there. We'll continue to get more transparent, we'll continue to get more aggressive and hire more and parallelize more. Aware when we can, to deliver that experience so that Cardano gets where it needs to go. Then when we ask about where do we go next? The reality is that the science as an industry, the engineering as an industry has given a menu of incredibly unique attractive and sexy things that we can pursue. What we're going to do is work with the community and the very same tools that are turning on today, the Voltaire tools, the cardano.ideascale.com tools and we're going to propose a consortium and we're going to bring the best and brightest together and give a vision of where we can take the system in another five years. With the benefit of hindsight, massively improved processes, better estimation capabilities and the fact that we're not starting with two people at IOG. We're starting with 250 people and the best scientific division in our industry and the legacy of almost, nearly by the end of this year, 100 scientific papers. That's us, you know what, there's dozens of companies throughout the history who have worked on Cardano. It's about time to scale them up too and get client diversity. So come next year when the protocol has evolved to the point where it's ready for it, we'll have that conversation with you the community and that's going to be a beautiful conversation. At the conclusion of it, there's going to be certainty of how we're going to evolve over the next five years to get ourselves beyond the cryptocurrency space. I'm very tired of these conversations we have about: are you going to go to (coindesk's) consensus or not? Or who's going to be the big winner? What about Libra or what about this particular regulation and this crypto unicorn and this thing?
You know I've been in the space a long time and I've noticed that people keep saying the same things year after year in the same venues. Yes, the crowd sizes get larger and the amount of value at risk gets larger but I haven't seen a lot of progress in the places where I feel it is absolutely necessary for this technology to be permanent in the developing world. We need to see economic identity. People often ask what is the mission for Cardano? For us IOG, you look at economic identity and you take a look at a roadmap. For it, you scale up and down, and each and every step along the way, from open data, to self-sovereign identity, to financial inclusion. You can keep going down: to decentralized lending, decentralized insurance, decentralized banking. Each and every step along the way to economic identity. When you admit a blockchain tells you that, there's a collection of applications and infrastructure that you need to build.
My life's work is to get to a point where we have the technology to do that. The infrastructure to do that, with principles, and so we'll keep evolving Cardano and we'll keep evolving the space as a whole and the science as a whole until I can wake up and say: each box and that road to economic identity, for all people not just one group, we have a solution for that. I'm going to put those applications on Cardano and success for me is not about us being king of the crypto hill and having a higher market cap than bitcoin or being entrepreneur of the year coindesk's most influential person. It's meaningless noise, success for me is reflecting back at the things that we have accomplished together and recognizing that millions if not billions now live in a system where they all matter, they all have a voice, they all have an equal footing. The Jeff Bezos of the world have the very same experience as the person born in Rwanda and we're not done until that's the case. It's a long road, it's a hard road, but you know what? We're making progress, we have great people in Africa, we have great people in eastern Europe, we have great people in southeast Asia and great partners all along the way. Great people, Latin America, great people in south America, great people here in the United States.
When we talk about economic identity there are millions, if not tens of millions of Americans who don't have it. Same for Canadians, hundreds of thousands, who don't have it. Developed western cultures, it's the greatest blind spot of policy and as we enter into a depression as a result of coronavirus, add millions if not tens of millions more onto that list. Generations are being disenfranchised by this legacy system and we as an ecosystem, we as an entire community are offering a different way forward. Not hyper centralizationn not social credit but a way forward where you own your own money, your own identity, your own data. You're not a victim of surveillance capitalism, you're not a victim of civil asset forfeiture. When you say the wrong things, you get shut out of society. Each and every human being matters and I'm optimistic to believe that when you remind people that they matter they're gonna rise to the occasion. That is the point of my company. In the things that we do each and every day, that's our mission to give the platforms to the world so that those who don't have economic identity can get it and they can keep it and no one can take it from them and they can enjoy an ever increasing growth of standard of living wealth and prosperity.
However you want to measure that this is my goal post, I couldn't care less about the cryptocurrency space. It was a great place to start but the space needs to be reminded why it exists. Bitcoin was given a mandate on the back of the 2008 financial crisis to do something different. It was not given a mandate to go be a new settlement layer for central banks or a new way for the old guard to make more money and banks get bigger and for those who are in control to preserve their power. The whole point of doing something so crazy as to buy a coin that doesn't even exist in real life, that's just a bunch of numbers in the cloud, the whole point of that was so that we as a society could do something different than the way that we'd been doing things before. So, each and every member of the cryptocurrency space needs to remind everyone else from time to time why we're here and where did we come from and where are we going to go.
The beauty of Cardano is we have already achieved for the most part a decentralized brain and that momentum is pushing harder than ever. More and more scientists are waking up, more and more institutions are waking up, getting us there. The code we have, the right approach and I think we have a great competitive offering for 2021 as we go and battle the titans and that's going to be a lot of fun but we know who we are and where we're going and we're in the right places. It's so incredibly encouraging to see the stake pool operators not just be from California or Texas or New York or Canada. To see a lot of stake pool operators from the place that need the most, help everybody does matter and it means a lot to me for the people who are there but it means a lot to everybody to say that we have created an equal platform. It makes the participation of all of us so much more meaningful. We're not just talking to each other, we're talking to the world and by working together on this platform we're lifting the world up and giving people hope. That's the point, there's a lot more to do, we didn't get everything done. You never do you aspire, you work hard, you set a moon, shot and sometimes you can just get to orbit with the first go but you know what? When you build the next rocket you can go to Mars.
Thank you all for being with me, thank you all for being part of this. Today was a damn good day with the announcement of Voltaire. Go to cardano.ideascale.com. You can participate in that, so end of September is going to be a good day too. There's a lot of good days to come, in between a lot of hard days, doing tasks sometimes entirely forgettable but always necessary to keep the revolution going and the movement going. I cannot wait for 2021, our best days are ahead of us, because of you. You all take care now .
Source: https://www.youtube.com/watch?v=BFa9zL_Dl_w
Other things mentioned:
https://cardano.ideascale.com/
https://www.atixlabs.com/blockchain
https://www.well-typed.com/
https://www.vacuumlabs.com/
https://medium.com/interdax/what-is-taproot-and-how-will-it-benefit-bitcoin-5c8944eed8da
https://medium.com/interdax/how-will-schnorr-signatures-benefit-bitcoin-b4482cf85d40
https://quantstamp.com/
https://bloxian.com/bloxian-platforms/ (TWIG)
https://runtimeverification.com/firefly/
https://www.trufflesuite.com/
https://experts.illinois.edu/en/publications/prism-deconstructing-the-blockchain-to-approach-physical-limits (PrisM and not our Prism https://atalaprism.io/)
Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma (aka Gasper and ETH2.0 fucker) https://arxiv.org/abs/2009.04987
http://www.quviq.com/products/
https://en.wikipedia.org/wiki/Schnorr_signature
submitted by stake_pool to cardano [link] [comments]

Placing Your Crypto Eggs in Every Basket: Everything You Need to Know About Yield Farming in 2020

Placing Your Crypto Eggs in Every Basket: Everything You Need to Know About Yield Farming in 2020
One of the most prominent reasons people invest in cryptocurrencies is that it is a hedge. It has been proven with some clarity that the asset class operates independently of traditional markets. A lot of established investors and firms have invested in the market just to diversify their portfolio, the most recent being MicroStrategy, which invested $250 million in Bitcoin and other assets.
But even within the cryptocurrency asset class, there are several ways in which one can diversify their income. In some ways, it may even be better than other assets classes, as it can be tokenized in digital form. There are challenges too, most notably, a high barrier of entry for the non-tech-savvy.
We’ll get to the ‘how’ in a bit. Let’s turn our attention back to the ‘why’.
Cryptocurrencies provide many ways in which to diversify your portfolio but one of the best ways is with passive income options, of which there are several. The most talked about option is easily Decentralized Finance (DeFi), which will be the subject of our discussion today.
It’s important to know how the service works in order to make the most out of it. Unfortunately, there are many out there seeking to capitalize on the mania and make quick a buck — but that’ll never happen.
The purpose of this piece is to help you position yourself for passive income maximization with DeFi and possibly even make a decent profit. The time frame you are looking at is months, not days, so don’t get hasty. The best value comes from long-term investments.
The QDeFi team is here to make everything easy for you.
What is DeFi and Yield Farming?
The chances are, you have heard of DeFi. Given the buzz, it’s been hitting the headlines and is even being talked about in mainstream finance. So there is a good probability that you know about this rapidly developing niche in the cryptocurrency space.
Even if the practical aspect of investing is a little technical, the concept itself is fairly simple.
DeFi is simply various financial services (like lending and borrowing) that are completely decentralized. There is no middleman involved in the process of lending or trading, meaning that there is no centralized entity to take a cut or slow down the process. Everything happens between the two concerned parties, which results in greater security and faster transactions.
How is this done, you might ask. Mostly through smart contracts and other technologies that take care of dispute resolutions to ensure disagreements are settled fairly. Governance by all of the asset holders also means that the terms of the services can be adjusted, according to their liking and not by some centralized party charging rates to benefit themselves.
But perhaps the most salient feature of DeFi is that anyone can easily participate. You don’t need to go through a lengthy process just to be eligible and you don’t need to have extensive documentation either.
Since this is a new space with evolving technology, the tricky part is making your first investments, which can be challenging. This is true for all cryptocurrency activities but doubly so for such a recent thing as DeFi.
The issue can boil down to user-friendliness. Most DeFi protocols and platforms are not user-friendly at the moment, leaving participation accessible only to those who possess some technical knowledge. But that’s why we’re writing this — so you can begin your foray into DeFi following this a step by step guide without having to worry about making a mistake.
But before that, we’ll have to learn a little about yield farming.
What is Yield Farming in detail ?
Ifyou’re going to invest in something, you’re going to want to choose something to invest in. And any investor in the market will tell you that yield farming is where it’s at.
Strange name, you might think, but cryptocurrencies are no strangers to terms like this (“mining” for example). And the phrase is pretty self-explanatory. Investors simply use their existing assets/collateral on certain platforms, providing liquidity and generating revenue for their contribution.
This may all sound confusing, but let’s break it down (we’ll go through specific examples shortly as well).
In a nutshell, yield farming is simply letting idle assets generate revenue by making them useful to others. The hot topic right now is liquidity pools, which is where you contribute to an asset’s liquidity by providing it to a liquidity pool on a platform like Uniswap.
But the real trick is knowing how to find the synergies between the various DeFi services, i.e. forming a yield farming strategy. As another example, you can borrow a stake on a platform and use that to contribute to a liquidity pool and earn fees. These are the yield farming strategies that some individuals are very adept at forming.
Compound this with governance tokens that platforms release and you have a pretty nifty way of earning tokens, which could potentially reach a high value in the medium to long term. That’s why investors have been rushing towards DeFi.
Now we get to the most exciting part of learning about yield farming — what are the best performing protocols and how much can we realistically make?
Some of the most notable choices for yield farming protocols and platforms are the following:
  • Ampleforth (AMPL)
  • Compound (COMP)
  • YFI (YFI)
  • Balancer (BAL)
  • Curve (CRV)
If you’ve paid any attention to financial news, then you know these are the ones that have made the highest gains for investors. YFI even temporarily held a 1000% APY for its investors, though such unrealistic gains are no longer the norm. Gains have varied but it’s not uncommon to hear gains in the double digits.

https://preview.redd.it/9dpufd6dxjm51.png?width=1600&format=png&auto=webp&s=4752cb7ea900cf0a9c01b5a2e52a55cfe3feb0a9
We’ve mentioned different types of protocols because rates may vary and it does take some constant supervision of the market to know where the best rates lie. The aforementioned projects are only some of the choices you have for yield farming, but they are among the better ones because they have avoided catastrophic incidents so far.
Going over the particulars of each protocol is out of the scope of this guide but we’ll use some of them to run you through your first DeFi investment. From there, you should be able to manage on your own and use the plentiful resources of the internet to refine your strategies.
submitted by QDAODeFi to u/QDAODeFi [link] [comments]

How Data Centralization Ends by 2030

Link to Coindesk: https://www.coindesk.com/data-centralization-2030
The next 10 years will witness the systematic manipulation of human life at a scale unrivaled in history. For all the recent controversies over privacy and surveillance, the real threat is ahead of us.
Unless new approaches to online identity and data management take hold, both governments and private actors will move inexorably from knowing you to shaping you. Blockchain-enabled decentralization will develop as the only viable response to the iron logic of data centralization.
Blockchain believers often talk as though today’s early-adopter use cases, such as cryptocurrency trading and decentralized finance, will lead straight to mass market adoption. As the inevitable ‘killer apps’ appear, so the story goes, blockchain-based systems will conquer the mainstream. One might imagine that we’ll all soon be trading digital collectibles and relying on token-curated registries for accurate information. Governments will lose control over money, and blockchain-based smart contracts will replace court-enforced legal agreements. Uber, Facebook and the banks will wither away in the face of tokenized alternatives.
This narrative is wishful thinking. In most markets, intermediaries will endure for the same reasons they always have: they provide value. The Ubers and Facebooks – and yes, even the banks – tame complexity and produce coherent, convenient, de-risked experiences that no decentralized community can ever match. Early adopters use blockchain-based systems for ideological reasons or to get rich on cryptocurrency speculation. The billions behind them in the mainstream will not. The lock-in power of network effects creates high barriers for alternative economic systems. And the need for trust disqualifies decentralized solutions that are havens for criminals, incapable of effective compliance or vulnerable to catastrophic attacks – which, regrettably, means virtually all of them today.
Truly decentralized blockchain systems will reach critical mass not out of hope but out of necessity. Powerful actors and mainstream users will adopt blockchain as a counterbalance to digital behavior-shaping by governments and private platforms. Dramatic innovations such as decentralized autonomous organizations (DAOs), which manage activity automatically through smart contracts, will become significant at the end point of this process, once the foundations are in place.
Big data and artificial intelligence, pitched as freeing us from human frailties, are becoming powerful tools for social control. This is occurring along two parallel tracks: surveillance authoritarianism and surveillance capitalism. Through massive data collection and aggregation, China’s social credit system envisions an airtight regime of perfect compliance with legal and social obligations. Many other governments, including liberal democracies, are adopting similar techniques. The potential for catching terrorists, child predators and tax evaders is simply too appealing – whether it’s the real objective or a cover story.
"WHAT WE NEED IS A TECHNOLOGY THAT ALLOWS FOR SHARING WITHOUT GIVING UP CONTROL. FORTUNATELY, IT EXISTS."
Meanwhile, private digital platforms are using troves of data to shape online experiences consistent with their business models. What you see online is, increasingly, what maximizes their profits. Companies such as Google, Amazon, Tencent and Alibaba can build the best algorithms because they have the most data. And they aren’t interested in sharing.
Regulatory interventions will fail to derail the self-reinforcing momentum for ever more centralized data repositories. They may even accelerate it by creating layers of compliance obligations that only the largest firms can meet. Europe’s General Data Protection Regulation (GDPR) actually increased the market share of Google and Facebook in online advertising, and so it is not surprising to see such incumbents actively welcoming the prospect of more regulation.
The only lasting solution is to change the economics of data, not to impose private property rights; that would accelerate the market forces promoting data centralization. Giving you “ownership” over your data means giving you legal cover to sell it, by clicking “OK” to a one-sided contract you’ll never read. The problem is not ownership, but control. In today’s algorithm-driven world, sharing and aggregating data increases its value, producing better models and better predictions. The trouble is that once we share, we lose control to centralized data hogs.
What we need is a technology that allows for sharing without giving up control. Fortunately, it exists. It is called blockchain. Blockchain technology is, fundamentally, a revolution in trust. In the past, trust required ceding control to counter parties, government authorities or intermediaries who occupied the essential validating roles in transaction networks. Blockchain allows participants to trust the results they see without necessarily trusting any actor to verify them. That’s why major global firms in health care, finance, transportation, international trade and other fields are actively developing cross-organizational platforms based on blockchain and related technologies. No database can provide a trusted view of information across an entire transactional network without empowering a central intermediary. Blockchain can.
Adopting any new platform at scale, along with the necessary software integration and process changes, takes time – especially when the technology is so immature. But today’s incremental deployments will serve as proofs-of-concept for the more radical innovations to come. Chinese blockchain networks are already managing tens of billions of dollars of trade finance transactions. Pharmaceutical companies are tracking drugs from manufacturing to pharmacies using the MediLedger platform. Boeing is selling a billion dollars of airline parts on Honeywell’s blockchain-based marketplace. Car insurance companies are processing accident claims in a unified environment for the first time. These and other enterprise consortia are doing the essential technical and operational groundwork to handle valuable transactions at scale.
The need for transformative approaches to data will become acute in the next five years. Every week, it seems, another outrage comes to light. For instance, users who posted photos under Creative Commons licenses or default-public settings were shocked they were sucked into databases used to train facial-recognition systems. Some were even used in China’s horrific campaign against Uighur Muslims. Clearview AI, an unknown startup, scraped three billion social media images for a face identification tool it provided, with no oversight, to law enforcement, corporations and wealthy individuals. The examples will only get worse as firms and nations learn new ways to exploit data. The core problem is there is no way to share information while retaining control over how it gets used.
Blockchain offers a solution. It will be widely adopted because, behind the scenes, the current data economy is reaching its breaking point. Outrage over abuses is building throughout the world. The immensely valuable online advertising economy attracts so much fraud that the accuracy of its numbers is coming into question. Communities are looking for new ways to collaborate. Governments are realizing the current system is an impediment to effective service delivery.
The technologist Bill Joy famously stated that no matter how many geniuses a company employs, most smart people work somewhere else. The same is true of data. Even giants such as Google, Facebook and Chinese government agencies need to obtain information from elsewhere in their quest for perfect real-time models of every individual. These arrangements work mostly through contracts and interfaces that ease the flow of data between organisations. As Facebook discovered when Cambridge Analytica extracted massive quantities of user data for voter targeting, these connection points are also vulnerabilities. As tighter limits are placed on data-sharing, even the big players will look for ways to rebuild trust.
The blockchain alternative will begin innocuously. Government authorities at the subnational level are deploying self-sovereign identity to pull together information securely across disparate data stores. This technology allows anyone to share private information in a fine-grained way while still retaining control. You shouldn’t have to reveal your address to confirm your age, or your full tax return to verify your stated income. The necessary cryptography doesn’t require a blockchain, but the desired trust relationships do.
Once people have identities that belong to them, not to banks or social media services, they will use them as the basis for other interactions. Imagine a world where you never need to give a third-party unnecessary data to log into a website, apply for a job, refinance a mortgage or link your bank account to a mobile payment app. Where you can keep your personal and professional profiles completely separate if you choose. Where you can be confident in the reputation of a car mechanic or an Airbnb or a product made in China without intermediaries warping ratings for their own gain. The convenience of user experiences we enjoy within the walled gardens of digital platforms will become the norm across the vastness of independent services.
We will gradually come to view access to our personal information as an episodic, focused interaction, rather than fatalistically accepting an open season based on preliminary formal consent. Major hardware companies such as Apple, which don’t depend on targeted advertising, will build decentralized identity capabilities into their devices. They will add cryptocurrency wallets linked behind the scenes to existing payment and messaging applications. Stablecoins – cryptocurrencies pegged to the dollar, pound or other assets – will help tame volatility and facilitate movement between tokens and traditional currencies. Privately created stablecoins will coexist with central bank digital currencies, which are under development in most major countries throughout the world.
Once this baseline infrastructure is widely available, the real changes will start to occur. DAOs will begin to attract assets as efficient ways for communities to achieve their goals. These entities won’t replace state-backed legal systems; they will operate within them. As numerous controversies, crashes and hacks have already demonstrated, software code is too rigid for the range of situations in the real world, absent backstops for human dispute resolution. Fortunately, there are solutions under development to connect legal and digital entities, such as OpenLaw’s Limited Liability Autonomous Organisations and Mattereum’s Asset Passports.
Today, the legal machinery of contracts strengthens the power of centralized platforms. User agreements and privacy policies enforce their control over data and limit individuals’ power to challenge it. Blockchain-based systems will flip that relationship, with the legal system deployed to protect technology-backed user empowerment. Large aggregations of information will be structured formally as “data trusts” that exercise independent stewardship over assets. They will operate as DAOs, with smart contracts defining the terms of data usage. Users will benefit from sharing while retaining the ability to opt out.
"DATA WILL BE TREATED NOT AS PROPERTY BUT AS A RENEWABLE RESOURCE, WITH THE COMPETITION FOR ECONOMIC VALUE IN THE APPLICATIONS BUILT ON TOP OF IT."
Many significant applications require aggregation of data to drive algorithms, including traffic monitoring (and eventually autonomous vehicles); insurance and lending products serving previously excluded or overcharged customer groups; diagnosis and drug dosing in health care; and demand forecasting for economic modeling. Collective action problems can prevent constructive developments even when rights in data are well defined. DAOs will gradually find market opportunities, from patronage of independent artists to mortgage securitization.
The big data aggregators won’t go away. They will participate in the decentralized data economy because it provides benefits for them as well, cutting down on fraud and reinforcing user trust, which is in increasingly scarce supply. Over time, those who provide benefits of personalization and targeting will more and more be expected to pay for it. A wide range of brokering and filtering providers will offer users a choice of analytics, some embedded in applications or devices and some providing services virtually in the cloud. Governments will focus on making data available and defining policy objectives for services that take advantage of the flow of information. Data will be treated not as property but as a renewable resource, with the competition for economic value in the applications built on top of it.
The most powerful benefit of open data built on blockchain-based decentralised control is that it will allow for new applications we can’t yet envision. If startups can take advantage of the power of data aggregation that today is limited to large incumbents, they are bound to build innovations those incumbents miss.
The surveillance economy took hold because few appreciated what was happening with their data until it was too late. And the cold reality is that few will accept significantly worse functionality or user experience in return for better privacy. That is why the blockchain-powered revolution will make its way up from infrastructural foundations of digital identity and hardware, rather than down from novel user-facing applications.
This vision is far from certain to be realized. Business decisions and government policies could make blockchain-based data decentralization more or less likely. The greatest reason for optimism is that the problem blockchain addresses – gaining trust without giving up control – is becoming ever more critical. The world runs on trust. Blockchain offers hope for recasting trust in the networked digital era.
submitted by BlockDotCo to u/BlockDotCo [link] [comments]

[Interest Check] Wooden Sculpture of "Awakening of Myriad"

I am the founder of Age of Chains (www.AgeofChains.com), an intergalactic crypto collectible trading card game based on the Bitcoin blockchain (via Counterparty).
We depicture blockchains as powerful characters in a future, where decentralization has found its way deeply into the cultures across the Milky Way galaxy.
The seventh blockchain card we created was "Awakening of Myriad", representing Myriadcoin in our universe (see here: https://www.ageofchains.com/gallery/#&gid=2&pid=2). The character has been inspired by input given from the Myriadcoin community. His five heads represent Myriadcoin's five hashing algorithms. You can read more upon "Awakening of Myriad" here: https://medium.com/@ageofchains/awakening-of-myriad-9d43da68b546
Currently, I am thinking about letting a professional sculptor create a wooden statue of "Awakening of Myriad" and since this is a costly endeavour, I first want to check if there is any interest in having such statue created, or much rather, if there is any interest in possibly purchasing such crafted statue. The costs are estimated to be about 3000-4000€.
We have done such sculpture already in the past for another of our characters, "Woodcoin's Guardian" and you can see the result here:
http://ageofchains.com/BildeCards/MediumResolution/001.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5227.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5229.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5232.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5230.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5228.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5231.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5226.jpg
Looking forward to hearing your thoughts! :)
submitted by m4nki to myriadcoin [link] [comments]

[Interest Check] Wooden Sculpture of "L'ourn, Hidden Defender of Monero"

I am the founder of Age of Chains (www.AgeofChains.com), an intergalactic crypto collectible trading card game based on the Bitcoin blockchain (via Counterparty).
We depicture blockchains as powerful characters in a future, where decentralization has found its way deeply into the cultures across the Milky Way galaxy.
The third character we depictured was "L'ourn, Hidden Defender of Monero", representing the Monero blockchain in our universe (see here: https://www.ageofchains.com/gallery/#&gid=2&pid=6). The name has been inspired by Fluffypony's input and the character's design has been inspired also by the ideas of the Monero IRC community.
Currently, I am thinking about letting a professional sculptor create a wooden statue of L'ourn and since this is a costly endeavour, I first want to check if there is any interest in having such statue created, or much rather, if there is any interest in possibly purchasing such crafted statue. The costs are estimated to be about 3000-4000€.
We have done such sculpture already in the past for another of our characters, "Woodcoin's Guardian" and you can see the result here:
http://ageofchains.com/BildeCards/MediumResolution/001.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5227.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5229.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5232.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5230.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5228.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5231.jpg http://www.ageofchains.com/BildeSkulpturen/WoodcoinsGuardian/001/IMG_5226.jpg
Looking forward to hearing your thoughts! :)
submitted by m4nki to Monero [link] [comments]

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Parker(self) 1 [Book] Marsh's Becoming a Teacher(self) 4 [Book] Germans Against Nazism: Nonconformity, Opposition and Resistance in the Third Reich: Essays in Honour of Peter Hoffmann by Francis R. Nicosia and Lawrence D. Stokes(self) 4 [Chapter] The Standard Story and Its Rivals(self) 1 [BOOK]Agrarian and Other Histories Essays for Binay Bhushan Chaudhuri - Edited by Shubhra Chakrabarti and Utsa Patnaik(self) 1 [Book] Regional modernities : the cultural politics of development in India. Ed. K. Sivaramakrishnan; Arun Agrawal(self) 1 [Chapter] Damping in Structures(self) 1 [Book] Gerontología y geriatría: valoración e intervención. Editorial Médica Panamericana. José Carlos Millán-Calentí(self) 1 [Book] Lotman's Cultural Semiotics and the Political - Makarychev & Yatsyk (2017)(self) 2 [Book] (Brill) The Handbook of Austroasiatic Languages (2 vols)(self) 1 [Book] Indian Films in Soviet Cinemas: The Culture of Movie-going After Stalin by Sudha Rajagopalan(self) 4 [BOOK] Decolonizing Theory: Thinking across Traditions by Aditya Nigam (1st edition, Bloomsbury India)(self) 3 [Request] [Article] Cell-by-Cell Deconstruction of Stem Cell Niches(self) 1 [Book] Social research methods- fifth edition, Bryman, Alan (2016)(self) 4 [Book]Chinese and Indian Warfare – From the Classical Age to 1870(self) 1 [Book] PC-Forensik Christoph Willer(self) 1 [Book] Designing for Empathy: Perspectives on the Museum Experience(self) 4 [book] American Communism and Black Americans by Philip Foner(self) 4 [Book] Marcus Franke : War and Nationalism in South Asia The Indian State and the Nagas(self) 8 [BOOK] Natural Resources, Extraction and Indigenous Rights in Latin America. Exploring the Boundaries of Environmental and State-Corporate Crime in Bolivia, Peru, and Mexico(self) 1 [Book] International Human Rights Law (3rd edn) Edited by Daniel Moeckli - Oxford University Press(self) 4 [Book] Participatory Heritage, Edited by Henriette Roued-Cunliffe , Andrea Copeland(self) 4 [BOOK] Political Representation in Southern Europe and Latin America Before and After the Great Recession and the Commodity Crisis - André Freire, Mélany Barragán, Xavier Coller, Marco Lisi, Emmanouil Tsatsanis(self) 4 [BOOK] Latin America and Policy Diffusion From Import to Export - Osmany Porto de Oliveira, Cecilia Osorio Gonnet, Sergio Montero, Cristiane Kerches da Silva Leite(self) 0 [Book] Sexual behaviour in Britain: The National Survey of Sexual Attitudes and Lifestyles (1994)(self) 1 [book] Studien zur Hirnpathologie und Psychologie - Pick, Arnold(self) 4 [Other] Special Issue, Blockchain innovation and public policy, Journal of Entrepreneurship and Public Policy: Volume 9 Issue 2(self) 4 [BOOK] baby jails: the fight to end the incarceration of refugee children in america/ jstor account??(self) 1 [Journal] Special Issue: Blockchain innovation and public policy, Journal of Entrepreneurship and Public Policy, Volume 9, Issue 2(self) 1 [Book] Blackstone's EU Treaties and Legislation 2019-2020 (20th ed)(self) 3 [article] Deep Graph Kernels(self) 5 [Book] Routledge Handbook of the South Asian Diaspora - By Joya Chatterji, David Washbrook(self) 4 [Book] Growth and distribution(self) 1 [BOOK] The Radical Left in Europe in the Age of Austerity - Babak Amini(self) 4 [Book] Political Myth by Christopher Flood (Routledge) (2002)(self) 2 [Article] Robotic Assisted Radical Cystectomy vs Open Radical Cystectomy: Systematic Review and Meta-Analysis + Niranjan J Sathianathen et al(self) 1 [Book] Folk Art Potters of Japan Beyond an Anthropology of Aesthetics (Routledge) by Brian Moeran(self) 1 [book] Revolution: How the Bicycle Reinvented Modern Britain(self) 5 [BOOK] Radical Left Movements in Europe - Magnus Wennerhag, Christian Fröhlich, Grzegorz Piotrowski(self) 4 [BOOK] Party System Change, the European Crisis and the State of Democracy - Marco Lisi(self) 5 [BOOK] Routledge Handbook of Contemporary European Social Movements. Protest in Turbulent Times - Cristina Flesher Fominaya, Ramon A. Feenstra(self) 4 [Book] Attorney-Client Privilege in International Arbitration(self) 1 [Article] An Alternative Ontology of Food Beyond Metaphysics by Lisa Heldke. Published in Radical Philosophy Review, Vol 15, Issue 1, 2012(self) 1 [Book] Bello, Walden 2005 Dilemmas of Domination: The Unmaking of the American Empire. Zed Books, 2005.(self) 1 [Article] Owning the PastOwning the Past Reply to Stokes(self) 1 [Article] Owning the PastOwning the Past Reply to Stokes(self) 1 [Book] McQuire, Scott. Crossing the Digital Threshold. Brisbane: Australian Key Centre for Cultural and Media Policy, Faculty of Humanities, Griffith University, 1997.(self) 3 [Book] Request: Migration and the Refugee Dissensus in Europe: Borders, Security and Austerity by Nicos Trimikliniotis.(self) 9 [Article] Masculinity in videogames: the gendered gameplay of Silent Hill(self) 1 [BOOK] 'Truth games : lies, money, and psychoanalysis' by John Forrester, Harvard University Press, 2000(self) 1 [Book] Osterloh, Jörg, und Clemens Vollnhals. NS-Prozesse Und Deutsche Öffentlichkeit: Besatzungszeit, Frühe Bundesrepublik Und DDR.(self) 2
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The Fundamentals of Bitcoin Trading/Bitcoin storm

The Fundamentals of Bitcoin Trading/Bitcoin storm
First, equities: Expected earnings are down across the board, presumably by a whopping quantity. A number of weeks ago, within the U.S. and Europe, business was humming along, albeit with trepidation. Currently, bars and restaurants are closed in many population centers, events are cancelled, outlets are shut, planes are grounded…. The list of sectors impacted by the required virus precautions is long and alarming.
https://preview.redd.it/70gmkkotxdf51.jpg?width=730&format=pjpg&auto=webp&s=23390e052c04b6bbb5309af4b52422963edb3192

Next, government bonds: If there’s one issue the bond market hates, it’s inflation. The unwinding of globalization as a results of constricting offer chains can push up manufacturing costs which will feed through to costs. Liberally sprinkle cash round the system within the hopes of stimulating spending, in an exceedingly provide crisis, and you add to the inflationary pressure. Nominal yields on public debt are at traditionally low levels; inflation can push even additional real yields into negative territory.
As for company bonds, the sharp drop in earnings not to mention increasing costs might trigger a wave of defaults.
What about gold? The traditional shelter can in all probability do well within the medium term as investors bear in mind its anti-inflationary properties. Gold traditionally outperforms in low-rate environments – no shortage of those these days. Plus, its lack of income makes it less prone to drops in economic activity.
And then there’s Bitcoin storm. Its high volatility makes it unsuitable for several investors. However those who think gold makes sense in this world gone mad are presumably going to take a closer look, particularly once the perspective-changing storm we’ve simply weathered (with in all probability a lot of to come back). Even those skeptical of gold’s place in an exceedingly diversified portfolio are sure to be curious about a digital alternative that solves for a number of the metal’s weak points while revealing relationships with the broader economy that no other asset has
Last week I wrote concerning how it’s not a secure haven. Here’s the issue: it doesn’t want to be.
See additionally: As This Crisis Worsens, Bitcoin storm Will Become a secure Haven Once more
For those worried regarding inflation, Bitcoin storm is even additional resistant than gold. Its laborious cap and pre-programmed provide are resistant to fluctuations in value. A sharp jump in the price of gold, but, is possible to bring a lot of offer onto the market as production ramps up, and could even impact the estimated provide limit as various mining ways become profitable.

https://preview.redd.it/3usx9o3wxdf51.jpg?width=474&format=pjpg&auto=webp&s=1f5ede5e81d642b6bc33c76fb5e617d987bf6219
For those worried concerning a pointy economic slump, Bitcoin storm is practically the sole asset indirectly impacted by macroeconomics. There’s no income to chop and no offer chains to hinder access. External factors like energy prices and supply chains will impact miner economics, but Bitcoin storm itself adjusts for shifts in the upkeep of its network. When miners close down, Bitcoin storm becomes chper to mine, that eventually makes the enterprise profitable again.

What makes Bitcoin storm even more of a distinctive asset class is it can be indirectly impacted by macroeconomics, in a very huge approach. The impact will come from many vectors, however particularly loose monetary policy, the currency markets, emerging economies and populist tendencie
1) Loose monetary policy: With central banks around the planet hitting the markets with no matter they'll, cash offer constraints have been thrown out the window. As this crisis unfolds, the number of money that can enter the system to help out not only markets but additionally voters and firms can dwarf what we tend to saw in 2008. Back then, the markets were threatening to drive the economy into a wall, therefore reassuring them was paramount. Currently the threat to the economy is driving markets into the wall. The usual ways that assuage market panics aren’t visiting stimulate demand that's reeling from mandated shutdowns, job losses and generalized worry.
Printing cash may maybe facilitate if it really gets into the hands of the consumers, but that can produce inflationary pressure in an economy with no tools left to fight it. The usual anti-inflation weapon is raising interest rates – but doing that during a heavily indebted surroundings might trigger waves of company and even sovereign defaults.
Growing inflationary pressures and steady currency debasement will presumably increase interest in disinflationary assets like Bitcoin storm and gold which will additionally be used for payment in some circumstances.
a pair of) Currency markets: Investors around the globe are fleeing into bucks, pushing up its worth relative to different currencies. This might facilitate the U.S. client by making imports cheaper, if imports weren’t disrupted by provide chain constrictions. But with a stronger dollar, U.S. producing can become uncompetitive, and foreign holders of greenback-denominated debt might get pushed into default. Other countries’ import and debt service prices can skyrocket, weakening their currencies and pushing up the dollar even more.
The ballooning demand for greenbacks could lead to a currency liquidity crunch – the swap lines extended to foreign central banks in last Sunday’s Fed intervention were expanded even any on Thursday, a worrying sign that the initial live wasn’t enough to alleviate the strain on the FX markets.
See Conjointly: Into the Unknown: No Limit on Fed Cash Injections
Calls are growing for concerted action the same as the 1985 Plaza Accord, however getting economic powers to follow the lead of an “America 1st” government whose leader based mostly a lot of of his campaign on guarantees of a wall is going to be a a lot of tougher challenge than within the post-stagflation desperation of the late twentieth century. With fractures in the world currency order turning into increasingly apparent, economists and investors can be asking what the next monetary order can seem like. Bitcoin storm could or might not be part of that resolution however it's a brand new tool in the box.
three) Rising economies: The sharp escalation of greenback-based mostly costs, combined with a demand crunch, may push non-greenback economies into recession, that is seemingly to steer to social unrest. In some elements of the planet, this might be met with swift retaliation or even regime modification. The confiscatory bias of political parties navigating an influence struggle could intensify interest during a liquid and semi-non-public store of worth.
4) Populist tendencies: Whereas a lot of established democracies will deal with recessions and social unrest through negotiations and trade-offs, even they could veer towards populist tendencies. These will most likely take the shape of extra support for overwrought health systems, also for voters and companies hit hard by mandated shutdowns and resulting slump in demand.
https://www.cryptoerapro.com/bitcoin-storm/


https://preview.redd.it/i75a7muzxdf51.jpg?width=770&format=pjpg&auto=webp&s=16f5d531ac24d9c71d249f734a8b5b4dd703ea6f
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190 университетов бесплатно выложили сотни своих курсов. Если вы не слышали, университеты по всему миру предлагают свои курсы онлайн бесплатно (или, по крайней мере, частично бесплатно). Эти курсы называются БООК или Большие открытые онлайн–курсы. Часть 1

Программирование

Введение в CS50 по разработке игр от Гарвардского университета; Разработка мобильных приложений для CS50 с React Native от Гарвардского университета; Веб–программирование CS50 с использованием Python и JavaScript от Гарвардского университета; Функции, методы и интерфейсы в Go от Калифорнийского университета, Ирвин; Совпадения в Go от Калифорнийского университета в Ирвине; Начало работы с Go от Калифорнийского университета, Ирвин; Вычислительные в Python I: основы и процедурное программирование от Технологического института Джорджии; Вычислительные в Python IV: объекты и алгоритмы от Технологического института Джорджии; Вычислительные в Python III: структуры данных от Технологического института Джорджии; Вычислительные в Python II: структуры управления от Технологического института Джорджии; Проект программирования (Java) от Политехнической Школы Лозанны; Пиксельное искусство для видеоигр от Мичиганского государственного университета; Веб–дизайн: стратегия и информационная архитектура от Калифорнийского института искусств; Веб–разработка с React от Гонконгского университета науки и технологии; Разработка мультиплатформенного мобильного приложения с React Native от Гонконгского университета науки и технологий; Автоматизированное тестирование программного обеспечения: практические навыки для разработчиков Java от Технологического университета Делфта; Автоматизированное тестирование программного обеспечения: передовые навыки для разработчиков Java от Делфтского технологического университета; Погружение в Python от Московского физико–технического института; Основы разработки на C ++: красный пояс от Московского физико–технического института; AR (дополненная реальность) и услуги потокового видео от Университета Йонсей; Интеллектуальные устройства и новые мобильные технологии от Университета Йонсей; Решение проблем, программирование и видеоигры от Университета Альберты; Введение в дополненную реальность и ARCore от Google Daydream Impact; Основы NetLogo от Института Санта–Фе; Ключевые навыки конкурентоспособного программиста от Санкт–Петербургского государственного университета; Проблемы бизнеса и программные решения от Университета Дикина; Введение в язык Котлин от Санкт–Петербургского государственного политехнического университета; Веб–доступ для разработчиков от Университета Райерсона; Разработка карманных приложений для AR с Unity от Unity; Системные информационные ресурсы Интернет с MySQL / PHP и Joomla от Университета Росарио; Котлин для разработчиков Java от JetBrains; Введение в основы XR: VR, AR и MR от Unity; 3D–арт и аудио конвейер от Unity; Программирование прикладных систем от Unity; 3D взаимодействия и навигация от Unity; Программирование ядра взаимодействия от Unity.

Инженерия

Анализ транспортных явлений I: математические методы от Массачусетского технологического института; Строение космического челнока от Массачусетского технологического института; Искусство структурной инженерии: хранилища от Принстонского университета; Совместная безопасность роботов: проектирование и развертывание от Университета в Буффало; Электроэнергетические системы от Университета в Буффало; Современная робототехника, курс 5: Манипуляции с роботами и мобильные роботы на колесах от Северо–Западного университета; Робот Thymio от Университета естественных наук от Национальной Политехнической Школы Лозанны; Принцип полупроводниковых приборов Часть I: Полупроводники, PN–переходы и биполярные переходные транзисторы от Гонконгского университета науки и техники; Привет (реальный) мир с ROS — роботизированной операционной системой от Делфтского технологического университета; Разум Вселенной — Роботы в обществе: благословение или проклятие? от Делфтского технологического университета; Hyperloop: изменение будущего транспорта от Делфтского технологического университета; Электромобили: технология от Делфтского технологического университета; Электромобили: политика от Делфтского технологического университета; Глазами инженеров — расширение видения: инженерная механика с помощью эксперимента, анализа и проектирования от Университета Нового Южного Уэльса; Взглядом инженеров — представление о концепции: инженерная механика с помощью эксперимента, анализа и проектирования от Университета Нового Южного Уэльса; Конструкция оптической системы первого порядка от Университета Колорадо в Боулдере; Проектирование высокопроизводительных оптических систем от Университета Колорадо в Боулдере; Оптическая эффективность и разрешение от Университета Колорадо Боулдер; Двигатели и схемы управления двигателем от Университета Колорадо в Боулдере; Физика полупроводников от Университета Колорадо в Боулдере; Датчики и сенсорная схема от Университета Колорадо в Боулдере; Транзистор — полевой транзистор и транзистор с биполярным переходом от Университета Колорадо в Боулдере; Диод — pn Junction и Metal Semiconductor от Университета Колорадо в Боулдере; Diseño de diques rompeolas con cubípodos от Политехнического университета Валенсии; Введение в энергетику солнечной фотовольтаики от Политехнического университета Валенсии; Ознакомление со строительством от Университета Политехники в Валенсии; BIM Основы для инженеров от Национального университета Тайваня; Приложение BIM для инженеров от Национального университета Тайваня; Распределение электроэнергии от Института технологий и высшего образования в Монтеррее; Интеллектуальная сетка: фундаментальные технологии от Института технологий и высшего образования в Монтеррее; Передача электроэнергии от Института технологий и высшего образования в Монтеррее; Электрическая мощность: концепции и принципы от Института технологий и высшего образования в Монтеррее; Интеллектуальная сетка: электрические сети будущего от Института технологий и высшего образования в Монтеррее; Основы МОП–транзисторов от Университета Пердью; Основы протекания тока от Университета Пердью; Учебник по основам полупроводников от Университета Пердью; Введение в цепи от Университета Федерико II в Неаполе; Стандартизация от EIT Digital; Введение в системы управления батареями от Колорадского университета; Имитация модели ячейки эквивалентной цепи от Университета Колорадо; Оценка состояния батареи (SOC) от системы Университета Колорадо; Введение в веб–картографию: часть 2 от Швейцарской высшей техническая школы Цюриха; Высокоэффективное моделирование методом конечных элементов — часть 2 от Королевского технологического института; Интеграция энергетических систем: тенденция или революция? от Университета им. К.Ю. Ленвена Распространение радио от Института Mines–Télécom; «Monotsukuri» делает вещи в Японии: машиностроение от Токийского технологического института; Транспортная инженерия от Католического университета Чили; Введение в контрольную цифру Computadora от Университета Тенарис; Agile для управления проектами от Университеа штата Мэриленд.

Информатика

Машинное обучение с Python: от линейных моделей до глубокого обучения от Массачусетского технологического института; Технология блокчейн от Калифорнийского университета, Беркли; Биткойн и криптовалюты от Университета Калифорнии, Беркли; Введение в машинное обучение от Университета Дьюка; Введение в компьютерное программирование от Лондонского университета международных программ; Как работают компьютеры от Лондонского университета международных программ; ИТ–инфраструктура и новые тенденции от Университета Миннесоты; Корпоративные системы от Университета Миннесоты; Управление ИС / ИТ от Университета Миннесоты; Встроенное программное и аппаратное обеспечение от Университета Колорадо в Боулдере; Промышленные рынки Интернета вещей и безопасность от Университета Колорадо в Боулдере; Введение в технологию блокчейн от Московского физико–технического института; Искусственный интеллект — обучение и теория от Национального университета Тайваня; Введение в аппаратное обеспечение Verilog от Университета Галилео; Интернет вещей: Новые технологии беспроводных и облачных вычислений от Университета Йонсей; Информационные технологии от Университета Федерико II в Неаполе; Естественный язык, от человека к машине от Университета Федерико II в Неаполе; Новые цифровые технологии от Университета Федерико II в Неаполе; Программирование на C: языковые фонды от Института Mines–Télécom; Программирование на C: модульное программирование и управление памятью от Дартмута; Программирование на C: расширенные типы данных от Дартмута; Основы Linux: интерфейс командной строки от Дартмута; Программирование на C: использование инструментов и библиотек Linux от Дартмута; Программирование на C: Начало работы от Дартмута; Программирование на C: указатели и управление памятью от Дартмута; Введение в теорию вычислений от Института Санта–Фе; Основы машинного обучения от Института Санта–Фе; Введение в FinTech от Университета Гонконга; FinTech: Этика и риски от Университета Гонконга; Блокчейн и FinTech: основы, приложения и ограничения от Университета Гонконга; DDoS–атаки и защита от Университета Колорадо; Безопасность облачных вычислений от системы Университета Колорадо; Введение в программирование на языке C: Инструкции по контролю над текстами от Университета Мадрида; Введение в программирование на языке C: Типы и структура от Университета Мадрида; Введение в программирование на языке C: Функции и указатели от Автономного университета Мадрида; Кибер–физические сети от Королевского технологического института KTH; Понимание сути Интернета: сети операторов от Института Института Mines–Télécom; Усовершенствованная алгоритмика и теория графов на Python от Института Mines–Télécom; Программирование Arduino, от новичка до ниндзя от Института Mines–Télécom; Кибербезопасность: атакует противников от Университета Рей Хуана Карлоса; Цифровая трансформация и команда ИТ от Университета Витватерсранда; Стратегические и трансформационные информационные технологии от Университета штата Мэриленд; Основы сетевой безопасности от Университета Ковентри; Введение в криптографию от Университета Ковентри; Информационная система по глобальной сети Интернет Microsoft Access от Университета Росарио; Основы кибербезопасности I сетей Пало–Альто от сетей Пало–Альто; Фонд кибербезопасности Академии сетей Пало–Альто от сетей Пало–Альто; Шлюз I кибербезопасности сетей Пало–Альто от сетей Пало–Альто; Шлюз ІІ кибербезопасности сетей Пало–Альто от сетей Пало–Альто; Основы ІІ кибербезопасности сетей Пало–Альто от сетей Пало–Альто; Блокчейн: основы и варианты использования от Академии ConsenSys; Архитектура сети и безопасности с VMware NSX от VMware.
submitted by 5igorsk to Tay_5 [link] [comments]

Statement on the Discussion of Shortening Block Time

Discussions on shortening block time have caused widespread concern in the BCH community. On this issue, I think:
Zero confirmation is very important for the development of BCH. We should fully support the technologies that improve zero-confirmation security. However, in some important application cases, such as exchange funding, more than one confirmation is still needed within a few years. At present, the user experience of BCH’s confirmation is very bad, which is very unfavorable for the fierce competition in the cryptocurrency market in recent years. If you do not get enough market share, BCH's long-term advantage will also lose the opportunity to show. Therefore, it is recommended to shorten the block time.
This view represents the opinions of the majority in the Chinese community who have experienced the scaling debate and the hash war. In fact, the Chinese community has been discussing this issue since the end of 2017. After a year and a half, especially after the hash war, supporters have grown and become consensus among senior members, and most of the opponents have turned to BSV because they Believe in CSW, against all kinds of changes. [1]
Even in the Chinese community, many BCH supporters who entered the community after the hash War did not support shortening the block time. They also believed that the 10-minute block was more in line with the original bitcoin. In contrast, the supporters for shortening block time in Chinese community are concern more about market and user needs than nominal orthodoxy.
About half a year ago, I also communicated with the developers on this issue. Combined with the discussion results of the Chinese community and the opinions of the developers, I wrote a proposal to discuss the reasons, possible impacts and some objections for shortening block time. (https://medium.com/@ChangyongLiu/proposal-to-shorten-the-block-time-of-bch-1d7e8e897497)
The main opinions of developers were four points:
  1. The current development focus is on improving zero-confirmation. Security;
  2. shortening block time will affect block size, block reward, time lock, etc., which will be very complicated to deal with;
  3. need more clear case to explain the need to shorten block time;
  4. English community don’t support to shorten block time.
At the same time, another Chinese community member posted the suggestion on btc. I showed my support and linked the article in the post. (https://www.reddit.com/btc/comments/ad3uebe_strongly_against_reducing_block_time_from_10/eddvv7m/?context=3)At that time, the English community did not support this proposal. The post were subjected to fierce opposition.
It has been more than a year since the Chinese community discussed this issue to the majority reached the consensus. We don't think we can rush to shorten the block time. We need more time to communicate and think. Therefore, the Chinese community has suspended the promotion of shortening block time for half a year.
Recently, due to price fluctuations and hash fluctuations, the BCH's confirmation waiting time fluctuated greatly, often encountering an acknowledgement waiting time of more than one hour. For users who are waiting for funding in exchanges, the experience is very bad. Moreover, we are often asked: "BCH has not had a new block for an hour, has it been attacked again?" Some senior members of the community are also losing patience. They can’t understand that such urgent improvements have not received enough attention. I am also very worried about this, so I summarized the recent problems and specific cases, and posted on btc again, suggesting to shorten the block time. ( https://www.reddit.com/btc/comments/cfu99n/the_block_time_of_bch_should_be_shorten建议缩短bch出块时间/)
After a few days of discussion, I was very happy to see that although some people still regard the proposal as an attack on BCH, there are already more people who can seriously discuss the proposal to shorten the block time. There have also been progresses in the communicate with the developers. Many people have already seen that the cases of one more confirmation are still in existence. The bad experience of confirmation does affect the competitiveness of BCH. Some discussions have gradually delved into the details. This is very gratifying.
However, we also see that there is not enough consensus to shorten the block time. At least the complicated impact of shortening the block time needs to be carefully evaluated and tested. The technical difficulty, workload and the scare of developing resources should also be carefully considered. It is not excluded that the result of the final evaluation is that the shortening of the block time is not feasible, or that zero confirmation of the increase in safety can cause almost all of the cases of confirmation to be replaced by zero confirmation. In this case, giving up the shortening of the block time will become a consensus.
The discussion can reach the current state, recognizing that at least there is still a need to shorten the block time in the near future, and began to seriously discuss, I personally think that I have achieved the purpose of my proposal. What is needed next is more communication and collaboration. In fact, through this discussion, the communication between Chinese and English communities has improved a lot, and more smooth communication channels are being established, which is beneficial to the development of BCH.
In the relevant discussions, some people tried to take the opportunity to split the Chinese and English communities, and even predicted the new division of BCH, and brought me a hat to try to conspiracy to split the community. I think they are either overly sensitive or support core or bsv. I don't want to spend time in more argument about these. There are many positive things that we need to do.
In fact, there has been a consensus among Chinese community members who support the shortening of block time: “Reducing block time is only a suggestion for improvement. The premise of implementation is to form a community consensus and will not lead to any split. If the consensus is not reached, it can be put on hold. And continue to evaluate and discuss."
Among the various cryptocurrencies, the scaling debate and the hash war had leaded the BCH community to be a more mature decentralized community. I think we have the patience to reach consensus, but also very firmly identify all kinds of real attacks, and resolutely fight back, just like we did during the hash war.
I personally specialize in economic and market analysis, not good at technology and development. In this discussion, I have done what I can do. Looking at the current situation, I think it should be put on hold for a while and wait for the community consensus. I also call on more capable community members to do more detailed assessments, analysis or testing. I will also try to make efforts in this regard.

Thank you all.

——————
[1] After the BSV split, I did a small survey on whether to support the shortening of block time in the two most popular WeChat groups in the Chinese community (BCH Bees and BCH 100 Club). Among them, the BCH Bees group with BSV supporters removed, the support rate was 83.8%, and only 2.7% opposed. Among the BCH 100 Club that retained some of the BSV supporters, the support rate was 82%, but the opponents reached 13.7%. Of the two groups, 48.7% and 39.7% were previously opposed to shortening the block time and later turned into support.

In Chinese:

缩短区块时间的讨论已经引起BCH社区的广泛关注。在这个问题上,我认为:
零确认对于BCH的发展非常重要,应该全力支持提高零确认安全性的技术。但是,在一些重要的应用案例中,比如交易所充值,在几年内仍然需要一个以上确认。目前BCH的一确认用户体验非常糟糕,对于近几年激烈的密码货币市场竞争非常不利。如果不能获得足够的市场份额,BCH的长期优势也会失去展示的机会。所以,建议缩短区块时间。
这个观点代表了中文社区中经历了扩容之争和算力大战的多数人的意见。实际上,中文社区从2017年底就开始讨论这个问题,经过一年半的时间,尤其是算力大战后,支持者不断增长,在资深成员中成为共识,而反对者多数转向了BSV,因为他们相信CSW,反对各种改变。[1]
即使在中文社区,算力大战后新进入社区的许多BCH支持者也不支持缩短区块时间,他们也认为10分钟区块才更符合原来的比特币。相比之下,中文社区支持缩短区块时间的人更加重视的是市场和用户需求,而不是名义上的正统。
大概半年前,我跟开发者也进行了沟通,并且结合中文社区的讨论结果和开发者的意见写了一份建议,讨论了缩短的理由,可能的影响和一些反对意见。(https://medium.com/@ChangyongLiu/proposal-to-shorten-the-block-time-of-bch-1d7e8e897497 )开发者主要的意见有四点:1)目前的开发重点在于提高零确认的安全性;2)缩短区块时间会影响区块大小、区块奖励、时间锁等,处理这些会非常复杂;3)需要更加明确的案例说明缩短区块时间的必要性;4)英文社区并不支持缩短时间。
同时,我的文章也在btc发布,当时的情况也的确反映出英文社区对这个建议不支持。其他中文社区成员发布的建议也同样遭到激烈的反对。鉴于中文社区讨论这个问题也经历了一年多的时间。我们认为不能急于推进缩短区块时间,我们需要更多时间沟通和思考。因此,中文社区对缩短区块时间的推动搁置了半年。
最近一段时间,由于价格波动和算力波动,BCH的一确认等待时间波动很大,经常遇到1个小时以上的确认等待时间。对于等待交易所充值的用户而言,体验非常糟糕。并且,我们也经常被问到:“BCH已经一个小时没有新的区块了,它又被攻击了吗?”一些社区资深成员也正在失去耐心,他们认为如此紧迫的改进没有得到足够的重视。对此,我也很担忧,所以总结了最近面临的问题和具体的案例,再次在btc上发帖,建议缩短区块时间。(https://www.reddit.com/btc/comments/cfu99n/the\_block\_time\_of\_bch\_should\_be\_shorten建议缩短bch出块时间/)
经过几天的讨论,我很高兴地看到,尽管仍然有人把建议看做是对BCH的攻击,但已经有更多的人能够认真地讨论缩短区块时间的建议了,跟开发者的沟通也有进展,很多人已经看到一确认场景依然大量存在,一确认的糟糕体验的确影响BCH的竞争力。一些讨论也逐渐深入到细节。这是令人欣慰的。
不过,我们也看到,现在还没有形成缩短区块时间的足够共识,至少缩短区块时间带来的复杂影响需要认真评估和测试,开发的技术难度、工作量和人手来源也要认真考虑。不排除最终评估的结果认为缩短区块时间不可行,或者零确认安全性的提高能够让几乎所有的一确认案例都改为零确认。这样的话,放弃缩短区块时间将会成为共识。
讨论能够达到目前的状态,认识到至少近期仍存在缩短区块时间的需求,并开始认真讨论,我个人认为已经达到了我此次建议的目的。接下来需要的是更多的沟通和协作。实际上,通过这次的讨论,中英文社区的沟通改善了很多,更通畅的沟通渠道正在建立,这对于BCH的发展是有利的。
在相关讨论中,也有一些人试图借机分裂中英文社区,甚至预言BCH新的分裂,并且给我带上试图阴谋分裂社区的帽子。我想他们要么是过度敏感,要么是内心支持core或bsv。我不想耗费时间深入追究,有很多积极的事情需要我们去做。
实际上在支持缩短区块时间的中文社区成员中早已经达成共识:“缩短区块时间只是一个改进建议,实施的前提是形成了社区共识,不会导致任何分裂。如果共识没有达成,可以搁置,并继续评估和讨论。”
在各种密码货币中,经过了扩容之争和算力大战BCH社区是更加成熟的去中心化社区,我想我们有耐心争取社区共识,同时也会非常坚定地识别各种真正的攻击,并坚决回击,就像我们在算力大战中所做的。
我个人主要擅长经济和市场分析,不擅长技术和开发。经过这次讨论,我所能做的都尽力做了。就目前的局面看,我认为应该在搁置一段时间,等待必要的社区共识。我也呼吁更多有能力的社区成员能够做更细致的评估、分析或测试。我也会尝试在这方面做出努力。
谢谢大家!
[1] BSV分裂出去之后,我针对是否支持缩短区块时间在中文社区两个最要的微信群(BCH Bees 和 BCH 100 Club)做了个小调查。其中,移除了BSV支持者的BCH Bees群中,支持率为83.8%,只有2.7%的人反对。保留了部分BSV支持者的BCH 100 Club群中,支持率为82%,但反对者达到了13.7%。在两个群中,分别有48.7%和39.7%的人是以前反对缩短区块时间,后来转变为支持的。
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The 1 Bitcoin Show- Brhodium, Bprivate, Bring on 2018! Trezor resolution Crypto Trading Technical Analysis NXT  Boss Of Bitcoin Bitcoin SV (BSV) New Years Resolutions - It's All About Proof of Work and Building is it? Is Bitcoin Dead? - The Bitcoin Experiment Article by Mike Hearn (FULL AUDIO) - Blocksize Debate Bitcoin Powers Circuits Motion Graphics

From November 15 to 26 the Bitcoin Cash network went through its most important experiment since the inception of Bitcoin itself. The so-called “Bitcoin Hash War” lasted about two weeks and ... Medium: “The resolution of the Bitcoin experiment” Written by George B. Moga at 20:50. Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people ... We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original Segwit2Mb proposal: We are also committed to… Get started. Open in app. Digital Currency Group. 3.5K Followers · About. Follow. Get started. Bitcoin Scaling Agreement at Consensus 2017. Digital Currency Group. May 23, 2017 · 2 min read ... The split of Bitcoin Cash marks the resolution of the Big Block experiment. I suspect SegWit2x was the last big block proposal to gain mainstream traction. As exemplified in the short history of ... The resolution of the Bitcoin experiment. Mike Hearn . Follow. Jan 14, 2016 · 18 min read. I’ve spent more than 5 years being a Bitcoin developer. The software I’ve written has been used by millions of users, hundreds of developers, and the talks I’ve given have led directly to the creation of several startups. I’ve talked about Bitcoin on Sky TV and BBC News. I have been repeatedly ...

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The 1 Bitcoin Show- Brhodium, Bprivate, Bring on 2018! Trezor resolution

Use also for internet/ mobile apps or information reports, social media posts, or vlogs on finance, economics and business. Available in 4K resolution. Available in 4K resolution. Category 2017 was the greatest year in Bitcoin history. 2018 should beat it. All holders should be very proud. Bring on 2018. Make a Trezor resolution for 2018 and make sure you purchase one. It makes ... Get our Free Bitcoin Report: http://crushthestreet.com/bitcoin ORIGINAL ARTICLE TITLE: The resolution of the Bitcoin experiment — Medium (2016-01-14 medium.c... Bitstocks Media 5,305 views 58:24 VeChain (VET) CEO Sunny Lu Interview: VeChain 2020 Project Update, VeChain news, Future of VET VeChain Foundation 32,428 watching Topics discussed will include: Bitcoin trading, how to trade bitcoin, bitcoin trading tutorial, and cryptocurrency technical analysis. It should also be noted that altcoin trading, altcoins ...

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