Download any of these for free at https://oppfiles.com/585933 DM me if you have any requests for anything not on the list. Please subscribe the sub to find all the eBook releases. Enjoy! [BOOK] 'The macabresque : human violation and hate in genocide, mass atrocity and enemy-making' Edward Weisband, Oxford University Press 2018(self) 1 [BOOK] Scotland After the Ice Age Environment, Archaeology and History 8000 BC - AD 1000(self) 1 [Book] Ethics of Captivity edited by Lori Gruen(self) 1 [Book] Aspects of American History By Simon Henderson(self) 1 [Book] The Soviet Colossus History and Aftermath By Michael G. Kort(self) 1 [BOOK] Challenges to Political Decision-making Dealing with Information Overload, Ignorance and Contested Knowledge(self) 5 [Article] The EU Competition Law Fining System: A Reassessment, Damien Geradin(self) 1 [Book] Russia and the USSR, 1855–1991 Autocracy and Dictatorship ByStephen J. Lee(self) 1 [Book] Søren Kierkegaard: Epistemology and psychology : Kierkegaard and the recoil from freedom - Daniel W. Conway, K. E. Gover(self) 4 [ARTICLE] 'A History of Reason in the Age of Insanity: The Deconstruction of Foucault in Hegel’s Phenomenology' The Owl of Minerva, Volume 25, Issue 1, Fall 1993, Andrew Cutrofello Pages 15-21(self) 1 [BOOK] Mere Civility by Teresa M. Bejan(self) 2 [book] The Philosophy Shop by Peter Worley(self) 1 [BOOK] Sentenciando Trafico - Marcelo Semer(self) 1 [Article] GENETIC INSTABILITY ASSOCIATED WITH BREAK-INDUCED REPLICATION(self) 1 [Article] Properties of elastic bodies in contact - J. Dundurs 1975(self) 2 [Article] Transition alumina phases induced by heat treatment of boehmite: An X-ray diffraction and infrared spectroscopy study(self) 1 [Book] Russian Companion by James Cooper(self) 1 [Book] Model Stock Purchase Agreement with Commentary, by American Bar Association(self) 1 [Book] A History of Modern France By Jeremy D. 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Postal(self) 4 [Book] The Global Economy A Concise History Edited By Franco Amatori, Andrea Colli(self) 7 [Article] "Sorting out the ethics of propaganda", Stanley Cunningham(self) 1 [Book] Diet, Life-Style, and Mortality in China: A Study of the Characteristics of 65 Chinese Counties(self) 2 [Article] “Some Degenerate Entrepreneur Fleeing From a Medicine Show”: Judge Holden in The Age of P.T. Barnum(self) 4 [Article] Christoph Witzel and Matteo Toscani, "How to make a #theDress," J. Opt. Soc. Am. A 37, A202-A211 (2020)(self) 4 [Article] [Heinonline] The Emergence and Fallacy of 'China's Debt-Trap Diplomacy' Narrative(self) 5 [Article] [Heinonline] US-Philippines Defense Cooperation during the Duterte Administration: Adjustments and Limitations(self) 8 [Supplement] Polariton Z Topological Insulator, A. V. Nalitov, D. D. Solnyshkov, and G. Malpuech(self) 4 [BOOK] HILL, Christopher. 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"Communities of Belief: Cultural and Social Tensions in Early Modern France"(self) 2 [Article] Transgenerational Epigenetics: A Window into Paternal Health Influences on Offspring(self) 3 [Thesis] Earthquake risk assessment of building structures(self) 1 [Article] Factors associated with women achieving and maintaining abstinence from alcohol: a rapid evidence assessment(self) 1 [Thesis/Article] Earthquake risk assessment of building structures(self) 1 [BOOK] Censorship and Propaganda in World War I, 2019(self) 3 [article] A new device producing ambulatory intermittent pneumatic compression suitable for the treatment of lower limb oedema: A preliminary report(self) 1 [Article] Kinetic Modeling and Optimization of the Release Mechanism of Curcumin from Folate Conjugated Hybrid BSA Nanocarrier(self) 1 [Article] Lawrence Transfer Factor: Transference of Specific Immune Memory by Dialyzable Leukocyte Extract from a CD8+ T Cell Line(self) 1 [Book] he Origins of the First World War William Mulligan(self) 1 2 [Article] Biteye: A System for Tracking Bitcoin Transactions(self) 1 [BOOK] A Photographic Atlas of Developmental Biology. 2005. 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The association patterns between 2D:4D ratio and field of study by Kainz, Sarah; Weitzer, Jakob; Zingale, Stefania; Köllner, Johanna; Albrecht, Cornelia; Gaidora, Angelika; Rudorfer, Marie-Theres; Nürnberger, Anna; Kirchengast, Sylvia(self) 1 [Book] The Crisis of Criticism - Maurice Berger (editor)(self) 2 [Book] Handbook of Nonprescription Drugs: An Interactive Approach to Self-Care, 19th Edition(self) 1 [Book] 'Le discours pornographique' Marie-Anne Paveau, La Musardine, 2014(self) 8 [Article] Allocation and Operation of A Hydropneumatic Energy Storage with Building Microgrid(self) 1 [ARTICLE] L'information internationale en Amérique du Sud: les agences et les réseaux, circa 1874-1919, 2013(self) 1 [Book] The Beaultiful Fall: Fashion, Genius and Glorious Excess in 1970s Paris, Alicia Drake(self) 4 [BOOK] 'Sociology and the Sacred: An Introduction to Philip Rieff's Theory of Culture' Antonius A.W. Zondervan, University of Toronto Press, 2005(self) 1 [Article] Flavell, J. (1987). 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Porter and Kanakatte Raviprakash(self) 7 [BOOK] 'The Triumph of the Therapeutic: Uses of Faith after Freud', Philip Rieff, 1973(self) 1 [book] Verbs, Clauses and Constructions: Functional and Typological Approaches(self) 6 [Book] Special Duty: A History of the Japanese Intelligence Community by Richard J. Samuels(self) 7 [BOOK] The Right to Know: Transparency of an Open World by Ann Florini(self) 4 [BOOK] At Home in Two Countries: The Past and Future of Dual Citizenship by Peter J Spiro(self) 1 [BOOK] 'Mesolithic Europe' Geoff Bailey & Penny Spikins, 2008/2010(self) 7 [BOOK] 'Nietzsche and the Clinic: Psychoanalysis, Philosophy, Metaphysics' Jared Russell, 2017(self) 1 [book] Lexical Properties of Selected Non-native Morphemes of English(self) 4 [BOOK] 'Wild Things: Recent advances in Palaeolithic and Mesolithic research' Frederick W. F. 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Breaking the Mould in Southern Europe - Anna Bosco & Susannah Verney(self) 4 [Article] Legal and Ethical Imperatives for Using Certified Sign Language Interpreters in Health Care Settings(self) 5 [Article] Bottles and Bricks: Rethinking the Prohibition against Violent Political Protest by Jennifer Kling & Megan Mitchell(self) 6 [Book] Corruption in International Investment Arbitration - Aloysius Llamzon(self) 5 [Article] Sports prediction and betting models in the machine learning age: The case of Tennis, Wilkes 2019.(self) 1 [chapter] Handwriting Recognition Systems and Applications(self) 3 [Article] Designing robust policies under deep uncertainty for mitigating epidemics, Siddhartha Paul, Jayendran Venkateswaran(self) 4 [ARTICLE] IJSSSP: TLS Certificates of the Tor Network and Their Distinctive Features(self) 1 [Book] Methods in Yeast Genetics and Genomics, 2015 Edition: A CSHL Course Manual(self) 3 [Article] Optically improved mitochondrial function redeems aged human visual decline(self) 4 [ARTICLE] Getting Involved with Time: Notes on the Analysis of a Schizoid Man (PROQUEST)(self) 7 [Book] URGENT If you have access to Project MUSE please help me with finding the pdf of "Where is Ana Mendieta"(self) 4 [Book] Rites, rights and rhythms: a genealogy of musical meaning in Colombia's black pacific by Michael Birenbaum Quintero(self) 1 [BOOK] Corrupt Research: The Case for Reconceptualizing Empirical Management and Social Science by Raymond Hubbard(self) 4 [Thesis] Protecting education from attack: Humanitarian agencies and the implementation of a new global norm in the case of Palestine (Proquest)(self)NSFW 3 [Chapter] from A History of the Soviet Union From the Beginning to Its Legacy By Peter Kenez chapter 11,12,13(self) 2 [Article] The effects of NBPTS‐certified teachers on student achievement + Douglas N. 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Author: Mads Hvilshøj, Simon Bøgh, Oluf Skov Nielsen, Ole Madsen.(self) 1 Removed: Pending moderation REQUEST [eBook] The Assessment Book – Physiotutors Guide to Orthopedic Physical Assessment(self) 1 [Article] [Brill] The Tragedy of Small Power Politics: The Philippines in the South China Sea by Charmaine Misalucha-Willoughby and Robert Joseph Medillo(self) 1 [BOOK] Echo and Reverb: Fabricating Space in Popular Music Recording, 1900-1960(self) 5 [Article] EFFECTS OF HIGH CONCENTRATIONS OF PLANT OILS AND FATTY ACIDS FOR MYCELIAL GROWTH AND PINHEAD FORMATION OF HERICIUM ERINACEUM(self) 1 [Article] [HeinOnline] "Disposable Deontology: The Death Penalty" by Tung Yin(self) 2 [Article] Efficient conversion of pretreated brewer’s spent grain and wheat bran by submerged cultivation of Hericium erinaceus(self) 1 [Chapter] The Imperial Institute: The state and the development of the natural resources of the Colonial Empire, 1887–1923(self) 1 [Book] Pieter Steyn - Zapuphizo: Voice of the Nagas(self) 3 [Article] Critical Constructivism and Postphenomenology: Ethics, Politics, and the Empirical(self) 5 [BOOK] Political Populism: A Handbook - Reinhard C. 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G.(self) 6 [Chapter] MULTICULTURALISM, OR, THE CULTURAL LOGIC OF MULTINATIONAL CAPITALISM by Slavoj Zizek(self) 5 [Article] Value articulation : A framework for the strategic manage- ment of intellectual property by Conley, James G., Peter M.Bican, and Holger Ernst(self) 3 [Book](JSTOR)Why We Believe: Evolution and the Human Way of Being by Agustin Fuentes(self) 1 [Book](self) 1 [Book] Ottoman Explorations of the Nile: Evliya Çelebi’s Map of the Nile and The Nile Journeys in the Book of Travels (Seyahatname) - Dankoff, Tezcan & Sheridan(self) 1 [Article] The Jewels of Adad by FNH Al-Rawi, JA Black(self) 1 [article] A measurement of collective learning effects in Italian high-tech milieux(self) 1 [Article] Parasympathetic activity is reduced during slow-wave sleep, but not resting wakefulness, in patients with chronic fatigue syndrome - Fatt et al., 2020(self) 1 [Book] Linked Data for Libraries, Archives, and Museums, by Seth van Hooland and Ruben Verborgh(self) 4 [Book] The Oxford Handbook of Well-Being and Public Policy - Edited by Matthew D. 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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. 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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
r/Ethereum - I wrote this to explain Ethereum in depth to newbies. Please check for accuracy!
Hello ethereum - I'm currently in Singapore exploring all of the cool blockchain tech that's going on here. I'm also writing a blog that aims to explain blockchain technology simply to anyone whose interested. www.cryptoambit.com If you guys could spot check my Ethereum post for accuracy, I'd appreciate it. If you like it, would also appreciate some subscribers! Thanks By now, most people know Ethereum as the second most valuable cryptocurrency, currently valued at over $60 billion dollars. Well, it turns out that Ethereum isn't actually a cryptocurrency - it's a software platform that let's programmers build applications on top of blockchain technology. Within the ethereum platform, is a cryptocurrency called ether that is used to power applications built on the Ethereum blockchain. From Bitcoin to Ethereum Bitcoin uses a global network of computers that maintain a shared ledger called a blockchain that keeps track of who owns bitcoin. Once blockchain technology was introduced to the world, people realized that blockchains could be used to keep track of anything of value. In 2013, a 19 year old named Vitalik Buterin introduced the Ethereum white paper, which proposed an open source platform that would let programmers build blockchain applications that could facilitate the exchange of money, content, property, shares or anything of value. Much like with Satoshi Nakamoto's paper, Buterin's was met with widespread excitement from software developers around the world who began building toward the vision Buterin laid out. Much like Bitcoin, Ethereum isn't owned or controlled by any one person. Unlike Bitcoin, whose creator remains anonymous, Ethereum has a leader in Vitalik Buterin (pictured below). While Buterin doesn't control Ethereum in the way that a CEO does, his word carries tremendous weight in dictating the direction of the project - something that is considered a strength or a weakness, depending on who you ask. Smart Contracts The basic function that programs built on Ethereum perform are called smart contracts. Smart contracts are digital agreements that execute automatically based on real world data. An easy way to think of them is an "If-then statement." IF condition A exists, THEN perform function B. Let's say for example Grandma wants to make sure she never forgets to give Little Billy birthday money each year. She could write a smart contract that says IF it's Little Billy's birthday, THEN pay him $10 from Grandma's account. Once this contract is broadcast to the Ethereum network, it will execute automatically each year on Little Billy's birthday. Smart contracts have applications far beyond improving the reliability and efficiency of Grandmothers around the world. Another simple application of a smart contract is for rental payments: IF date = 1st of the month, THEN pay landlord rent amount. Processes that currently involve manual interactions between two parties can now be automated and the value can be moved in real time over the blockchain rather than settling days later as with traditional banking. A Real World Example Ethereum and smart contracts are a big deal because they have the ability to usher in what's been dubbed the "smart economy" - one in which slow manual processes prone to human error and deceit are replaced with automated processes that are completely transparent and trustworthy. A real world example that typifies the new "smart economy" is a project being run by a French insurance company called AXA. AXA offers a flight insurance product that pays out a policy holder in the event that a flight is delayed by two hours or more. It currently has a product in trial that will pay out insurance claims using smart contracts and the Ethereum blockchain. The smart contract is simple: IF flight is over two hours late, THEN pay policyholder. The smart contract is connected to a database that monitors flight times. If the database shows that the flight is over two hours late, the smart contract is triggered and the policyholder is paid automatically over the blockchain. Without the smart contract, the policyholder would have to file a claim and wait for the insurance company's claims department to process it, which could take anywhere from 1 to 2 weeks. With the smart contract, neither the insurance company nor the policyholder has to do anything. This also creates trust between the two parties because there are no grey areas - the customer can review the smart contract prior to purchasing the policy and feel comfortable that he will receive his claim in the event of a delay. Ethereum vs Ether As stated in the intro, Ethereum is a platform for building blockchain applications using smart contracts. What you may have just purchased on Coinbase is called Ether, which is the cryptocurrency that fuels the Ethereum network. Ether functions more like a digital commodity than a digital currency. Just like you need gasoline to fuel your car, you need Ether to run applications on the Ethereum blockchain. In the Grandmother example cited above, Grandma would have to purchase small amounts of Ether to fuel her smart contract that pays Little Billy his birthday money. The Ethereum blockchain functions in the same way as the Bitcoin blockchain: a network of computers run software that validates transactions through majority consensus. The people running these computers are called miners. Bitcoin miners are compensated for their resources by being paid in Bitcoin. Ethereum miners are compensated in Ether. On Little Billy's birthday, Grandma's ether transaction fee will go to whichever miner adds the block containing Grandma's transaction to the blockchain. That miner will also receive new Ether in the process. The same supply/demand economics that apply to commodities like oil and gas also apply to Ether. Oil is valuable because it powers many of the things we use in our everyday life - it heats our homes and fuels our engines. The more people and enterprises that rely on Ethereum based applications, the higher the demand will be for Ether which will increase its value. As with all cryptocurrencies, there's plenty of speculation baked into the price - speculation that the demand for Ether will increase in the future. Since Ether is valuable, exchangeable and transferable, certain merchants are also starting to accept it as a currency. dApps - Decentralized Apps Applications that run smart contracts on the Ethereum blockchain are called "dApps," or decentralized apps. Just as any app developer can build apps on top of Apple's IOS operating system, developers can build on top of Ethereum's blockchain infrastructure. To the end user of a dApp, it might not look and feel any different than the apps you use today. It's the underlying blockchain infrastructure that make them different. Since dApps function on top of the blockchain, they can be used to transfer value peer-to-peer. To return to our Grandmother example, there could be a dApp that Granny can download that lets her schedule Little Billy's birthday payments without having to code the smart contract herself. dApps are also completely open sourced so other people can access the code and build on top of them. Someone could take the code to the birthday payment dApp and add the ability for Grandma to add a note that says, "Happy Birthday Billy!" Running dApps on the blockchain also offers added security benefits. Since the transactions are distributed and encrypted across the Ethereum blockchain, there is no central place for a hacker to breach and gain access to all of the world's Grandmother to grandson birthday payment data. At this point, I'm really beating the GrandmotheLittle Billy example to death because I think it represents a simple illustration for the kinds of applications that can be built on the Ethereum blockchain. In reality, the dApps that are being built are much more complex. Here are a few examples:
Weifund - blockchain crowdfunding: Users can launch traditional crowdfunding campaigns, but through the use of smart contracts, backers can gain a financial stake in the project. If an indie film gets funded on Weifund, a backer who financed 10% of the project can collect 10% of the film's revenues. Payments will be issued in real time as the film generates revenue.
Ujo Music - Music licensing via the blockchain: An artist can create an original song and register it on Ujo's platform and set their own licensing terms. If a film producer wants to use that song in a movie, they can purchase the rights based on the terms set by the artist who will then get paid directly. This erases the need for industry middlemen like Warner Brothers who end up taking the lion's share of their artist's profits.
Virtue Poker - Online poker secured by the blockchain: At the height of it's popularity, online poker platforms like PokerStars were marred with issues that ranged from deck rigging to the abuse of player funds held by the company. Virtue Poker using Ethereum allows players to fund their bets directly, insuring that no central party can access and misappropriate player money. Their code is open sourced so that users can understand how hands are dealt, insuring that no one can rig the deck. Lastly, players are paid out their winnings in real time over the blockchain so no more waiting weeks for a check to come in the mail.
Ethereum Tokens So now that you understand that Ethereum is a network for building decentralized applications that require a cryptocurrency called Ether to run, I'm going to introduce a confusing concept. Many dApps built on Ethereum have their own cryptocurrencies or "tokens." In order to interact with the dApps, customers need to purchase the dApp's native token. Here's a helpful analogy I came across - when you go to a waterpark, you pay the admission fee and in return, you get a wristband. That wristband gives you the ability to ride the waterslides in the water park. With certain dApps, the token is the wristband, and a user must purchase it to interact with whatever the dApp offers. Let's take a dApp called Golem as an example. Golem lets people rent out their excess computing power to people who need it - kind of like a computer AirBnb. To cite this article from Laura Shin, if I'm a computer graphics artist that wants to render some kind of computationally intense animation, I can purchase Golem tokens that let me tap into the Golem network to generate my animation. I then pay the people who are renting me their computers with the Golem tokens. The Golem token is a form of smart contract and this transaction is recorded on the Ethereum blockchain. Since Golem tokens are also a cryptocurrency, they can be traded on the free market. If I'm a speculator who has no intention of using the Golem network to rent computing power, I can still buy the Golem token on an exchange in hopes that it appreciates in value. Like bitcoin, there is a fixed supply of Golem tokens so if the demand for the service increases, so will the value of the token. If I bought Golem at its original price of around 1 penny and held it to today, I would have made 35X my initial investment since Golem tokens currently trade around 35 cents a piece. ICOs ICO stands for, "Initial Coin Offering" which is a fundraising mechanism for cryptocurrencies which has exploded in popularity this year - the majority of them are held on the Ethereum network. Similar to a kickstarter campaign, they allow entrepreneurs to raise money for projects by giving investors an early opportunity to purchase the cryptocurrency before the final product has been built. If the project is successful, the value of the cryptocurrency will rise in value and early investors can sell it on the open market for a profit. ICOs have stirred up a lot of controversy because they represent a risky proposition with zero investor protection. Let's say I wanted to build a casino and to finance it, I gave investors the opportunity to buy chips that can be used at my roulette tables once the casino opened. If you bought $100K in roulette chips from me and I decide that I no longer want to build the casino, you're stuck holding worthless chips. If investors don't do their due diligence, they may end up buying tokens for a project whose creators never intended on building it in he first place - the creators walk away with the money and the investors have no way of recouping their funds. On the other hand, early investors in projects that go on to be successful have the opportunity to make enormous returns. For example, people who invested $1,000 in the Golem ICO would be sitting on $35,000 at it's current price of $0.35 - if it ever goes to $10, they're all millionaires. Another positive aspect of ICOs is that they let anyone, rich or poor get involved in early stage investing. To invest in a company like Twitter or Facebook pre-IPO (initial public offering), you need to be an accredited investor - this basically means you're already a rich person. With ICOs, all you need is an internet connection and a little bit of money and you have the potential to become wealthy by investing in the right projects. Far From Perfect Ethereum has the potential to change the way humans transact with one another but it is still a very young technology and it hasn't been without its problems. While the blockchain architecture underlying the Ethereum network is secure, not all of the applications built on top of it are. Faulty code can and has made applications vulnerable to hacking and malfunctions. Here are two prime examples: DAO Hack - DAO was a dApp built on Ethereum that enabled crowd based venture capital. DAO token holders were given the right to vote on projects they wanted to support - if projects went on to be successful, DAO token holders would receive financial rewards. The DAO ICO received $168 million in funding. The DAO software was hosted on the Ethereum blockchain and was publically visible by all. A hacker spotted a flaw in the DAO's code that enabled him to route $55M in ether held by the DAO into an account that he controlled. The Ethereum team had do do something called a hard fork (something I won't get into now) to reverse return the stolen funds. Parity Wallet Freeze - Parity is a wallet where people store Ether. A flaw in Parity's code let a user delete a specific line of code that was necessary for accessing funds in a Parity wallet. This led to $280 million dollars worth of ether being frozen - it hasn't been stolen but it can't be accessed either. Parity Technologies has proposed another hard fork to correct the issue - something that is sure to divide the Ethereum community and rattle user confidence. Despite the world changing implications that Ethereum dApps and smart contracts have, the trouble is that any programmer can write them - if they aren't written properly, they can behave in unintended ways and be exploited like in the above listed examples. Ethereum is still a very young network and security issues with dApps and smart contracts will have to be sorted out if its to reach its true aspirations. Leading The Decentralized Revolution “Ethereum aims to take the promise of decentralization, openness and security that is at the core of blockchain technology and brings it to almost anything that can be computed.” - Vitalik Buterin With dApps, smart contracts and blockchain technology, Ethereum is leading the decentralized revolution. Bitcoin is the world's first decentralized currency, that operates on a global network of computers outside of central intermediaries. Ethereum gives programmers a platform to develop a decentralized version of just about anything. Decentralized networks like Ethereum have the power to remove the intermediaries that currently exist between producer and consumer. Let's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction. Tokens can be issued that represent ownership in the network. Coders who work on improving the network can get paid for their efforts in ownership tokens. Non-technical people can come up with marketing campaigns that spread awareness for the network and also get compensated in ownership tokens. As the decentralized Uber network grows and improves, the value of its ownership token increases, rewarding the people that built it. The result is whats referred to as a "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations. This may sound like a radical concept but blockchain technology enables these kinds of decentralized organizations to exist - Ethereum provides the tools for people to go out and build them.
Among the more frequently mentioned G+ alternatives at the Google+ Mass Migration community, and others, is MeWe with over 250 mentions. The site bills itself as "The Next-Gen Social Network" and the "anti-Facebook": "No Ads, No Political Bias, No Spyware. NO BS. It is headed by professed Libertarian CEO Mark Weinstein. As the site reveals no public user-generated content to non-members, it's necessary to create an account in order to get a full impression. I thought I'd provide an overview based on recent explorations. This report leads of with background on the company, though readers may find the report and analysis of specific groups on the site of interest.
Founder & CEO Mark Weinstein. Co-Founder & Chief Scientist, Jonathan Wolfe (no longer with company). Weinstein previously founded SuperFamily and SuperFriends, "at the turn of the millennium". Weinstein's MeWe biography lists articles published by The Mirror (UK), Huffington Post, USA Today, InfoSecurity Magazine, Dark Reading, and the Nation. His media appearances include MarketWatch, PBS, Fox News, and CNN. He's also the author of several personal-success books. His Crunchbase bio is a repeat of the MeWe content.
Sir Tim Berners-Lee: Inventor of the World Wide Web.
Jack Canfield: Legendary Founder, Chicken Soup For The Soul.
John Friedman: Founding Partner, Easton Capital.
Cullen Hoback: Director, Terms and Conditions May Apply.
Dianne Morrison: Partner, MorrisonMcNabb, LLC.
Colin Sebastian: Director, Equity Research/Internet, RW Baird.
Brett Shevack: CEO, Brand Initiatives; Former Vice Chair, BBDO.
Marci Shimoff: author, Happy for No Reason.
Sherry Turkle: Professor, MIT; author Alone Together.
Ownership & Investment
MeWe is the dba of Sgrouples, a private for-profit early-stage venture company based in Los Angeles, though with a Mountain View HQ and mailing address, 11-50 employees, with $10m in funding over five rounds, and a $20m valuation as of 2016. Sgrouples, Inc., dba MeWe Trust & Safety - Legal Policy c/o Fenwick West 801 California Street Mountain View, CA 94041 Crunchbase Profile. Founded: 2012 (source) Secured $1.2M in seed funding in 2014. 2016 valuation: $20m (source] Backers:
John Friedman, venture capitalist, founder & MD, Easton Capital, New York, NY.
Do you have friends still on Facebook? Share this link with them about Facebook wanting their banking information - tell them to move to MeWe now! No Ads. No Spyware. No Political Agenda. No Bias Algorithms. No Shadow Banning. No Facial Recognition.
MeWe provide several policy-related links on the site:
California Disclosures -- Do Not Track, 3rd-party cookies, and California Privacy Rights.
Your Identity: We protect it to the extent the law allows
Linking to Third-Party Sites: These are your decisions and responsibilities
Security: HTTPS and Encryption
Terms of Service
The ToS addresses:
Allowable Content and Acceptable Use
Who Our Services are For
User Content Ownership
Misuse of Usernames, Page names, Group names
Fake Accounts (pseudonyms allowed, misleading is not)
More on Spam
Our Commitment to Data Security
MeWe Content Data
MeWe Log Data
Your Data Portability
Deleting Your Account -- Right to Erasure
MeWe Secret Chat
MeWe Invitations and "Add Automatically"
Additional Policies for Pages, Groups, and Events Notifications of Requests for Account Information
Guidelines for Law Enforcement Seeking Customer Data (Worldwide)
Ownership In and To the Site and Services
Effective: November 6, 2018.
The FAQ addresses:
What is MeWe (emphasises privacy)
The Politics of MeWe ("absolutely no political agenda")
How can MeWe be free and make money? (additional services/freemium)
Which devices is MeWe available on? (Android, iOS)
What content can I share on MeWe (photos, videos, documents, voice messages, privacy mail, chats, gifs, memes, doodles)
What are some unique features of MeWe?
Who can see the posts I share?
Can I delete my MeWe account and is it easy to do this?
This emphasises that people are social cratures and private people by right. The service offers the power of self expression under an umbrella of safety. It notes that our innermost thoughts require privacy. Under "We aspire...":
MeWe is here to empower and enrich your world. We challenge the status quo by making privacy, respect, and safety the foundations of an innovatively designed, easy-to-use social experience.
Totalling 182 words.
Privacy Bill of Rights
A ten-item statement of principles (possibly inspired by another document, it might appear):
You own your personal information & content. It is explicitly not ours.
You will never receive a targeted advertisement or 3rd party content based on what you do or say online. We think that's creepy.
You see every post in timeline order from your friends, family & groups. We do not manipulate, filter, or change the order of your content or what you see.
Permissions & privacy are your rights. You control them.
You control who can access your content.
You control what, if anything, others can see in member searches.
Your privacy means we do not share your personal information with anyone.
Your emojis are for you and your friends. We do not monitor or mine your data.
Your face is your business. We do not use facial recognition technology.
You have the right to delete your account and take your content with you at any time.
There are a few mentions of MeWe in the press, some listed on the company's website, others via web search.
The following articles are linked directly from MeWe's Press page:
The page also lists a "Privacy Revolution Required Reading" list of 20 articles all addressing Facebook privacy gaffes in the mainstream press (Wired, TechCrunch, Fortune, Gizmodo, The Guardian, etc.). There are further self-reported mentions in several of the company's PR releases over the years.
Facebook Alternative MeWe Raises $5.2M, Los Angeles Business Journal (July 7, 2018) "The latest round, as well as MeWe’s total $10 million in fundraising, was predominantly backed by celebrity investors, such as author Marci Shimoff, Rachel Roy, and Lynda Weinman, founder of Lynda.com, which sold to Linkedin in 2015 for $1.5 billion. Jack Canfield, creator of the “Chicken Soup for the Soul” book series, also invested in MeWe."
Is building a Facebook alternative worth the effort? MeWe thinks soVentureBeat (July 5, 2018) "[T]here are still companies hoping to make their mark in the social networking realm with “Facebook alternatives.” One of those is MeWe, a “next-generation” social network that positions itself as the anti-Facebook: “Your private life is not for sale. No ads. No Spyware. No BS,” its website proclaims." Continues to mention "modest $5.2 million" funding round. Also a "sister product", MeWePRO, a Slack competitor.
Startup MeWe Launches Free, 'No Ads' Social NetworkeWeek (March 16, 2016) "MeWe, a new network engineered with its users' data privacy built in, is betting that a lot of people will say yes to both of those questions. The Mountain View, Calif.-based startup, whose parent company is Sgrouples.com, launched its freely available social network out of beta March 9 with more than 200,000 members already using it.... Sir Tim Berners-Lee, co-architect of the World Wide Web, found out about MeWe on his own and approached the company about getting involved."
Facebook Alternative MeWe closes $5.2M Series A Yahoo/PR Newswire (July 5, 2018). "The investment brings MeWe's total funding to $10 million, to support the engineering of MeWe and the enterprise version MeWePRO.... The company has relied on high net worth individuals for all of its funding including Lynda Weinman, founder of Lynda.com ...; Marci Shimoff, a #1 New York Times bestselling author ...; Rachel Roy...; and Jack Canfield."
Exactis Data Leak 2018: 340 Million Records ExposedInvestorPlace (June 29, 2018) "'Today's cookies can link your mobile phone to your laptop, to your home monitoring devices, and much, much more. Creepy? Scary? Orwellian? Yes, yes, yes,' Mark Weinstein, the privacy expert and founder of social media company MeWe, told MarketWatch. 'So imagine that Exactis, like Facebook, knows everything about you — really.'"
MeWe Raises $3M in FundingFinSMEs (March 9, 2016) "Sgrouples, Inc., the Mountain View, CA-based developer of MeWe, a social network with neither ads nor tracking, raised $3m in funding."
This section is a basic rundown of the user-visible site technology.
The site is not natively accessible from a mobile Web browser as it is overlayed with a promotion for the mobile application instead. Selecting "Desktop View" in most mobile browsers should allow browser-based access.
There are both Android and iOS apps for MeWe. I've used neither of these, though the App store entries note:
MeWe Android 4.4 rating (13.1k ratings). Permissions: Contacts (read), Location (approximate/precise), SMS (receive), Phone (read status & identity), Photos/Media/Files (read, modify, & delete contents), Storage (read, modify, or delete), Camera (take pictures/videos), Microphone (record audio), Device ID & Call Info (read status & identity), and numerous elements under Other.
Crunchbase cites 209,220 mobile downloads over the past 30 days (via Apptopia), an 80.78% monthly growth rate, from Google Play.
Either selecting "View Desktop" or navigating with a Desktop browser to https://www.mewe.com your are presented with a registration screen, with the "About", "Privacy Bill of Rights", "MeWe Challenge", and a language selector across the top of the page. Information requested are first and last name, phone or email, and a password. Pseudonymous identities are permitted, though this isn't noted on the login screen. Returning members can use the "Member Log In" button. The uMatrix Firefox extension reveals no third-party content: all page elements are served from mewe.com, img.mewe.com, cdn.mewe.com, or ws.mewe.com. (In subsequent browsing, you may find third-party plugins from, for example, YouTube, for videos, or Giphy, for animated GIFs.) The web front-end is nginx. The site uses SSL v3, issued by DigiCert Inc. to Sgrouples, Inc.
The onboarding experience is stark. There is no default content presented. A set of unidentified icons spans the top of the screen, these turn out to be Home, Chats, Groups, Pages, and Events. New users have to, somehow, find groups or people to connect with, and there's little guidance as to how to do this.
Generally there is a three panel view, with left- and right-hand sidebars of largely navigational or status information, and a central panel with main content. There are also pop-up elements for chats, an omnipresent feature of the site. Controls display labels on some devices and/or resolutions. Controls do not provide tooltips for navigational aid.
My Cloud - Seamlessly organize all your content in My Cloud; it's your personal cloud. My Cloud offers an interactive dashboard for you to control everything you’ve posted or shared - making it simple to delete or reshare.
Unique profiles - Be yourself, free from any tracking and spying. Customize your profile for every group you create or join.
Voice integration (on any or all content) - Post pictures, videos, or documents and include a voice message. Respond to a shared post or just chat. MeWe’s voice integration works for you and your contacts throughout the entire platform.
Universal tagging - This is a new, convenient way to sort and organize all the content you receive and share, making it easy to find everything, anytime.
Enhanced permission control (patent issued) - Manage permissions on a granular level and decide exactly who sees what. You can also remove yourself from the search directory, make yourself invisible to other members online, and much more.
Much More – join MeWe today and take a look inside! MeWe is the next-gen social networking experience designed for you to have fun, stay in touch, collaborate, organize, and simplify.
A key aspect of any social network is its community. Some of the available or ascertained information on this follows.
Weinstein claims a "million+ following inside MeWe.com" on Twitter. The largest visible groups appear to have a maximum of around 15,000 members , for "Awesome gifs". "Clean Comedy" rates 13,350, and the largest open political groups, 11,000+ members. This compares to Google+ which has a staggering, though Android-registrations-inflated 3.3 billion profiles, and 7.9 million communities, though the largest of these come in at under 10 million members. It's likely that MeWe's membership is on the whole more more active than Google+'s, where generally-visible posting activity was limited to just over 9% of all profiles, and the active user base was well under 1% of the total nominal population.
MeWe do not publish active users (e.g., MUA / monthly active users) statistics.
MeWe is principally a group-oriented discussion site -- interactions take place either between individuals or within group contexts. Virtually all discovery is group-oriented. The selection and dynamics of groups on the site will likely strongly affect user experience, so exploring the available groups and their characteristics is of interest. "MeWe has over 60,000 open groups" according to its FAQ. The Open groups -- visible to any registered MeWe user, though not to the general public Web -- are browsable, though sections and topics must be expanded to view the contents: an overview isn't immediately accessible. We provide a taste here. A selection of ten featured topics spans the top of the browser. As I view these, they are:
Health & Fitness
Cars & Motorcycles
Fashion and Beauty
Specific groups may appear in multiple categories. The top Groups within these topics have, variously, 15,482, 7,738, 15,482 (dupe), 7,745, 8,223, 8,220, 1,713, 9,527, 2,716, and 1,516 members. Listings scroll at length -- the Music topic has 234 Groups, ranging in size from 5 to 5,738 members, with a median of 59, mean of 311.4, and a 90%ile of 743.5. Below this is a grid of topics, 122 in all, ranging from Activism to Wellness, and including among them. A selected sample of these topics, with top groups listed members in (parens), follows:
Activism: QAnon+++ (2,572), PATRIOT PREPPERS USA (2,430), Deplorables Republic (2,48), The War Drummer (1,898), Patriots for a United America. (1894), Anonymous (1,700).
Alternative Energy: Reiki, Crystals, and alternative healing (2,114), 💜Starseeds & Empaths💜 (345), Living in Colour (365).
Alternative Lifestyle: Natural Healing and Home Remedies (3,045), Backyard Farming of All Things (2,696), WeTheSheeple (2,251).
Alumni Connections: Google Plus Refugees (271), Google+ Refugees (186), Frog Pond (156), Carlsbad NM High School alumni (57).
Animals: I Love My Dog (4,421), Pussy Shots (4,619).
Astronomy: Spherical Earth Truth, Flat Earth is Wrong (278), Nibiru, Nemesis, Hercolobus, The Destroyer (187).
Biology: Trees (344), Field of Birds (104), Patriots of Australia (51).
Personal Improvement: For Introverts. (1,214), Anarchy, Philosophy, Psychology, and Spirituality (679), Positive Affirmations (447).
Philosophy: In5d Esoteric Metaphysical and Spiritual Database (1,764), Thought Bouncing (1,137), Obtectivists - Galts Gulch - Ayn Rand fans (561).
Poetry: Dead Poest (1,407), Palacio de Poetry (451), Poets Corner (412).
Politics: Donald J. Trump 2016 - Present (11,486), The Conservative's Hangout (8,345), Qanon Follow The White Rabbit (5,600), Drain The Swamp (4,978), Libertarians (4,528), United We Stand Trump2020 (4,216).
Pop Culture: The Loftus Party (116), The Walking Dead: The Stalking Dead (100), Tyler, Texas (71).
Privacy: Join the Open/Privacy Movement (3974), Kingsport tn gun trader (1,157), Safer Computing (555).
To be clear: whilst I've not included every topic, I've sampled a majority of them above, and listed not an arbitrary selection, but the top few Groups under each topic.
Google Plus expats (1,862)
Google+ Refugees (186)
G+ Refugees (101)
my Google+ expatriates
The Google Plus expats group seems the most active of these by far.
It's curious that MeWe make a specific point in their FAQ that:
At MeWe we have absolutely no political agenda and we have a very straightforward Terms of Service. MeWe is for all law-abiding people everywhere in the world, regardless of political, ethnic, religious, sexual, and other preferences.
There are 403 political groups on MeWe. I won't list them all here, but the first 100 or so give a pretty clear idea of flavour. Again, membership is in (parentheses). Note that half the total political Groups memberships are in the first 21 groups listed here, the first 6 are 25% of the total.
Donald J. Trump 2016 - Present (11486)
The Conservative's Hangout (8345)
Qanon Follow The White Rabbit (5600)
Drain The Swamp (4978)
United We Stand Trump2020 (4216)
The Right To Self Defense (3757)
Alternative Media (3711)
Hardcore Conservative Patriots for Trump (3192)
Bastket Of Deplorables4Trump! (3032)
Return of the Republic (2509)
Infowars Chat Room Unofficial (2159)
Donald Trump Our President 2017-2025 (2033)
Berners for Progress (1963)
Sean Hannity Fans (1901)
The American Conservative (1839)
I Am The NRA (1704)
Tucker Carlson Fox News (1645)
We Love Donald Trump (1611)
MAGA - Make America Great Again (1512)
news from the front (1337)
Basket of Deplorables (1317)
Payton's Park Bench (1283)
Convention of States (1282)
Britons For Brexit (1186)
MoJo 5.0 Radio (1180)
MeWe Free Press (1119)
The Constitutionally Elite (1110)
WOMEN FOR PRESIDENT TRUMP (1032)
AMERICANS AGAINST ISIS and OTHER ENEMIES (943)
#WalkAway Campaign (894)
ALEX JONES (877)
The Lion Is Awake ! (854)
We Support Donald Trump! (810)
The Stratosphere Lounge (789)
TRUMP-USA-HANDS OFF OUR PRESIDENT (767)
Official Tea Party USA (749)
Mojo50 Jackholes (739)
Yes Scotland (697)
"WE THE DEPLORABLE" - MOVE ON SNOWFLAKE! (688)
Judge Jeanine Pirro Fans (671)
Ted Cruz for President (650)
No Lapdog Media (647)
Q Chatter (647)
Daily Brexit (636)
Tucker Carlson Fox News (601)
The Trumps Storm Group (600)
QAnon-Patriots WWG1WGA (598)
100% American (569)
Ladies For Donald Trump (566)
Deep State (560)
In the Name of Liberty (557)
Material Planet (555)
Trump NRA Free Speech Patriots on MeWe Gab.ai etc (546)
Magna Carta Group (520)
Constitutional Conservatives (506)
Question Everything (503)
Conspiracy Research (500)
Bill O'Reilly Fans (481)
Conservative Misfit's (479)
Canadian politics (478)
HARDCORE DEPLORABLES (454)
Tampa Bay Trump Club (445)
UK Politics (430)
Bongino Fan Page (429)
Radical Conservatives (429)
RESIST THE RESISTANCE (419)
The Deplorables (409)
America's Freedom Fighters (401)
Politically Incorrect & Proud (399)
CONSERVATIVES FOR AMERICA ! (385)
Political satire (383)
RISE OF THE RIGHT (371)
UK Sovereignty,Independence,Democracy -Everlasting (366)
The Patriots Voting Coalition (359)
End The Insanity (349)
Coming American Civil War! (345)
Constitutional Conservatives (343)
United Nations Watch (342)
A Revival Of The Critical Thinking Union (337)
The New Libertarian (335)
Libertarian Party (official ) (333)
DDS United (Duterte Die-hard Supporters) (332)
American Conservative Veterans (331)
America Needs Donald Trump (326)
The UKIP Debating Society (321)
Coalition For Trump (310)
FRIENDS THAT LIKE JILL STEIN AND THE GREEN PARTY (292)
2nd Amendment (287)
Never Forget #SethRich (286)
Green Party Supporters 2020 (283)
It seems there is relatively little representation from the left wing, or even the centre, of the political spectrum. A case-insensitive match for "liberal" turns up:
104: Conservatives Against Liberal Beliefs C.A.L.I.B (273)
184: Progressive and Liberal Politics (119)
301: Liberalism is a Mental Disorder (33)
302: Resistance Against Liberal Socialism (33)
358: NOT For Liberals (17)
367: Drinking Liberally Houston (14)
400: Stephanie Miller's Sexy Liberal Army (6)
Mainstream political parties are little represented, though again, the balance seems skewed searching on "(democrat|republic|gop)":
391: Saving The Republic: Video News & Opinion (8)
The terms "left" and "right" provide a few matches, not all strictly political-axis aligned:
7: The Right To Self Defense (3757)
80: RISE OF THE RIGHT (371)
150: POLITICS ON THE LEFT (156)
157: 1st Amendment Rights Protected By The 2nd Amendmen (141)
209: On The Left With Jeremy Corbyn (84)
262: Eyes-Left Labour & PP - Social Media (49)
300: Gather Left (33)
385: Defend Washington State Gun Rights (9)
390: Left Coast Conservatives (8)
Socialism and Communism also warrant a few mentions:
121: Revolutionary Socialists United (204)
216: Socialist Thought (79)
220: Stories Of Communism (76)
262: Eyes-Left Labour & PP - Social Media (49)
288: Snuggly Wuggly Socialists (38)
302: Resistance Against Liberal Socialism (33)
And there are some references to green, laboulabor parties:
97: FRIENDS THAT LIKE JILL STEIN AND THE GREEN PARTY (292)
100: Green Party Supporters 2020 (283)
262: Eyes-Left Labour & PP - Social Media (49)
320: Green Party of Ohio Issues & Discussion Group (29)
Whilst there may not be a political agenda, there does appear to be at least a slight political bias to the site. And a distinctive skew on many other topical subjects. Those seeking new homes online may wish to take this into account.
Various typos and tagging corrections. 2018-11-29 - 30
Added G+MM references count for MeWe to lede paragraph. 2018-12-2
Elastos - Why it Fundamentally Matters, A Practical Analysis
This post is my humble attempt to convince you why Elastos is solving such a large problem with the internet today and hopefully providing a practical lens through which to understand what the implications are. Rong Chen speaks often about the need to create a new internet for us to truly have a digital economy akin to our physical economy but it is not easy to conceptually grasp what that means, why it matters, nor how Elastos is the solution to this. Hopefully this will be useful. Enjoy! WHY WE NEED SCARCITY IN A DIGITAL ECONOMY Today, I don’t own any of my digital assets. If I want to purchase music, a game, a film, a digital collectible, I can’t buy it, I can only lease it into perpetuity. If I want to listen to music I stream it from Spotify, if I want to download this I can, but I can’t resell it, I don’t really own it. As such my purchase has no resale value and thus is not a store of value. For all intents and purposes my ‘asset’ is worthless after I ‘buy’ it and it cannot be traded into fiat. This is not how the physical economy works and is not how it can continue to work if we want to transition to a truly digital / smart economy. WHAT IS NEEDED FOR SCARCITY TO EXIST IN A DIGITAL ECONOMY Two things: 1. Immutable ownership records 2. Security of data file transfer Most people in the blockchain space only consider point 1 here. The typical train of thought is “if I can secure ownership data on a blockchain then boom, digital economy created, problem solved”. This is not true. If we were to consider Bitcoin in the context of a replacement for currency, it actually serves two functions not one. First it registers who owns what (immutable ownership records), and second it provides security for that data as transactions occur so any ‘money’ I send you cannot be copied (security of data file transfer, in this case preventing the double transactions problem). However taking the example of a song, or let’s say a Pokemon in the game Pokemon Go, or any other digital item that could be considered an ‘asset’ but where the data is far more complex, and the distinction between these two problems becomes extremely relevant. Let’s hypothetically say I’m a game developer and make a game equivalent to Pokemon Go. I then decide I’m going to allow my users to trade their Pokemon with each other. Why would I do this? To increase user engagement and time spent in my game, which would allow me to continually sell other in-app purchases (e.g. Pokeballs etc). However what will my users demand of the functionality to buy and sell Pokemon to each other for fiat? Clear ownership of their Pokemon, and the knowledge that no-one can steal/copy them. The Pokemon are just code, the blockchain can keep track of who technically owns which Pokemon but as I send you the Pokemon what happens if someone intercepts the data transfer and copies the code? Well even though ownership of the code is still secured on the blockchain, someone has still stolen the Pokemon and can at the very least use it if not re-sell it. The same concept could apply to a song or any other asset. You still have a form of the double transaction problem, it has another name: piracy. HOW CAN WE ACHIEVE BOTH IMMUTABLE OWNERSHIP AND SECURITY OF DATA FILE TRANSFER? There are a few options as to what could be done to solve this issue: Option 1: Don’t use the blockchain at all, continue to use existing centralized services – aka ‘The World We Live In’
This is the world we live in now. It’s relatively secure (until the centralized service used is hacked and your data/assets stolen from the cloud), but you don’t own your asset, the centralized service does, you just lease it (see Why We Need Scarcity in a Digital Economy above). In our Pokemon example this would just be relying on the developer both to keep a record of who owns what (which they could change) and managing transfer of these Pokemon assets (which could be hacked). You may say ‘oh but I trust the centralized service with this’, ok, but what happens if they go bankrupt? What happens to your assets then when they’re locked away in some central server?
Option 2: Use a centralized service for data storage and file transfer which uses a proprietary blockchain for ownership – aka ‘The Private Blockchain’
This is essentially no different to Option 1 except your ownership of assets is tracked with a blockchain, but this blockchain is centralized and so it’s just another database that the developer in our example has full control over to change. You still don’t really own your Pokemon and they could still be hacked/copied/stolen
Option 3: Use a centralized service for data storage and file transfer which uses a decentralized public blockchain for ownership – aka ‘Amazing if Possible, but Not Feasible’
This would be amazing, if it worked. You could secure ownership records of your assets on a public blockchain (Ethereum, NEO etc) away from the control of a private company who could change them, but the data would sit comfortably in a centralized cloud with greater security that what you can achieve yourself on your personal computer. However the problem is that a) it’s not that secure (iCloud hacks for example), and b) the companies that offer centralized services have zero incentive to facilitate this. Centralized clouds are only incentivized to store your data and assets for you is they can make money off it, and they do that by not giving you ownership of that data/assets and allowing you to lease it back for a fee (again see Why We Need Scarcity in a Digital Economy) above
Option 4: Use your computer for data storage, the internet directly for file transfer and a decentralized public blockchain for ownership – ‘Nice in Theory, Many Security Problems’
This is similar to the argument under ‘What is Needed for Scarcity to Exist in a Digital Economy’ above. Ownership is secured by a public blockchain (Ethereum, NEO etc), but files are stored on your computer and you attempt to send assets through the internet to someone else. You technically have ownership of your assets in totality and no-one else if handling / storing the data for you. However, if you wish to sell/transfer your Pokemon the security of this method is extremely low as you’re passing information directly through the internet (see Kevin Zhang’s video here on why: https://www.youtube.com/watch?v=foHkP19Vp8U). This results in the risk of piracy and thus your Pokemon becoming worthless as there is a risk of it being copied every time you want to sell/transfer it
Option 5: Use a public blockchain for data storage, file transfer and ownership – aka ‘CryptoKitties’
This would be amazing as well, if it worked. This solves both the ownership and data security problems. This is essentially taking the concept of Bitcoin and extrapolating it to put huge quanta of data on-chain. While in theory this could work, in practice CryptoKitties has shown it does not. Rong Chen speaks to this often, the overarching point is if I wanted to put a whole game or complex digital asset on the blockchain, achieving consensus on this would take forever, ledger sizes would balloon and every incremental transaction would make consensus even slower. At some point every consensus node would have the problem of an ever increasing ledger file size which only the largest supercomputers in the world would have the storage and processing speed to handle. This would lead to centralization of nodes / the blockchain and eventually ledger file sizes would get so large that even those supercomputers wouldn’t be able to handle it. Off-chain scaling solutions (Plasma for Ethereum, Trinity for NEO etc) may fix this issue for simple and non-fungible data such as payments, but not for complex data with different attributes such as games or content.
Option 6: Use a decentralized service for data storage and file transfer which uses a decentralized public blockchain for ownership – aka ‘The Holy Grail’
The holy grail. What if immutable ownership and security of data file transfer could be separated while still maintaining their core functions? This is Elastos.
A ledger for decentralized IDs, this will keep track of who you (or your computer) are so that ownership of assets can be tracked back to you
Merged mining with Bitcoin secures the blockchain with the massive hashpower of the Bitcoin network
This blockchain will not handle significant amount of data or transactions as it is not designed to. Scaling is not relevant here as only IDs and basic transactions are stored
DApps, for example a hypothetical Pokemon game, could create a sidechain to track Pokemon transactions and transfer of asset ownership relevant to their app
Chain rules are set by the app according to their transaction throughput needs
Actual transfer of Pokemon code/data when they are bought and sold does not occur through this though, only the record of ownership and payment are stored on-chain
This is Elastos’ P2P network for file transfer. It allows end-to-end transfer of data (e.g. a Pokemon) from one person to another and has nothing to do with the blockchain
Works far better than direct transfer of information through the internet as information put through the internet is routed, can be intercepted as is not end-to-end
Elastos Virtual Machines and Run-Time
This essentially replaces the need for a Cloud to store data to facilitate two people sharing information/files with each other, i.e. it removes the centralized service middleman. Rather than your files being uploaded or your Pokemon being hosted on a Cloud service, the data stays on your computer. If you want to share your data with someone else, you don’t push it through the unsecure internet, instead you run the Elastos Run-Time and your computer becomes a virtual machine, or one node, on a decentralized private network of computers (other users) with each computer providing its own processing capacity. File transfer between these computers can occur with the aid of the Elastos Carrier. Essentially you have a P2P intranet with end-to-end communication between computers.
Are you seeing the matrix yet?.. If not, consider the Pokemon game case. The developer of the game opens up functionality to allow users to buy and sell Pokemon to each other for fiat. Again, why would a developer do this? If the developer gives up ownership of Pokemon to users, it doesn’t make any money off them directly. The developer would do this to benefit indirectly not directly. Adding this functionality would increase engagement and time spent in the game, which it could use to sell users other in-app purchases (Pokeballs etc). However this doesn’t mean the developer is incentivized to incur the additional cost necessary to support that ecosystem with centralized servers hosting all this data etc for secure Pokemon transfer. Ideally the developer could pass this responsibility off to someone else (hint hint the users themselves). Furthermore Pokemon users would want to know their Pokemon are actually theirs and not controlled by a central developer who could take them away at a whim or would disappear if it went bankrupt (back to ownership and security of data to maintain store of value again). Further, they’d want to be able to trade them without slow transaction speeds or crashed networks (CryptoKitties problem). These objectives between both developer and users together rule out Options 1-5 above. So the developer is left with Option 6, i.e. Elastos: Give users a decentralized ID through the Elastos Mainchain, build a DApp on a sidechain that allows for the Pokemon trading transactions throughput needed, but leverage the Elastos Carrier and Run-Time to host file storage transfer in a secure way that costs the developer nothing and which the users maintain themselves in a decentralized way using their own computing power. Everyone wins.
We all know that Kin is a unique digital currency, that it has value and utility, and that the Kin Ecosystem, currently in development, is going to be big--very big. But let’s look back for a moment. In order to see the scope of what’s happening, and where we’re going, it might be useful to look back, at where we’ve been. Kin was started by the good folks at KIK Messenger. As Facebook and Google grew to gargantuan proportions, it became obvious to all that the old-school model of Advertisement Placement for monetization was becoming untenable for anyone other than the biggest and most entrenched of companies. Yes, the Facebooks and Googles of the world were doing fine with monetization via advertisements, and were busily scalping data from their users in a feeding frenzy to capitalize on the one asset they could sell… those users’ attention. While most users thought Facebook was designed to give the social media platform as the product, and that they themselves were the customers, the reality is far different. The truth is that the advertisers were the actual customers, and Facebook users were the actual product. Very much like the Matrix, isn’t it? We are fed a social media mental “pudding,” and in return we give Facebook hours and hours of our attention… which it then sells to the advertisers. Understandably, this realization came as a shock to those who were able to see and understand this revelation. Many users still do not grasp the reality of the situation, and are happily, mindlessly eating the pudding. Leaving aside the distasteful mental image this business model give us, it created a problem for up-and-coming, and smaller but established Social Media companies. The smaller SM operations were left in a bit of a financial quandary… advertisers were loathe to spend on smaller platforms, because the reach of the giant platforms was so large and all inclusive. The remainder were basically crumbs on the floor. From this basic problem… and the ensuing economic reality… came the idea for Kin. Monetization is a concept that no one really enjoys talking about. For most of us, we’ve come to accept that ads are a necessary evil that we pay attention to in order to receive content; at this point most of us simply grit our teeth and press on. No, I’m never ever going to buy that silly spray to cover up the smell of your poo, but go ahead, play the damned video ad… again. I digress. But what if there was a way to change the dynamic so that the SM platform user’s attention was no longer the product that got sold to monetize the operation? What if the user could sell his or her OWN attention, and be rewarded thusly? And what if there was a way to compensate developers and businesses who work in the ecosystem for this activity as well? What if the user actually became a rewarded participant in the engine that generated income? And was even able to generate income for themselves in the process? What if a system was designed to reward users, developers and investors, all at the same time? This is the basic premise of Kin. THE GENESIS of KIN In 2009, Kik Interactive was formed by a group of college students at the University of Waterloo, Canada, in order to create applications for mobile devices and smartphones. Soon thereafter, the Kik Messenger was launched. In it’s first fifteen days, Kik enrolled over one million users. Over the years, Kik has solidified itself as a strong niche player in the messaging app world. Initially, Kik monetized itself by placing advertisements, but realized over time that ad revenue might not be the best way to keep Kik in solvent. After several years of struggle, Kik embarked on an experiment and instituted a program called “Kik Points.” This program allowed Kik users to participate in a very basic and limited “earn and spend” program. The users would answer surveys, or watch videos, in order to “earn” Kik Points… which they could then spend on in-app programs like sticker packs or emojis. What the Kik folks saw was a very enthusiastic, large group of people working to earn, and then spend Kik Points, in a transactional rate and density that dwarfs that of every cryptocurrency, including Bitcoin. Kik then knew it was onto something. The team got to work, and after years of design, Kin was born. The Kin token was introduced into the crypto universe through an ICO (initial coin offering). The Basics of Kin Kin is the first cryptocurrency designed for mass-adoption and utility. It was engineered, specifically, to act as a currency to be used in millions of daily small and micro-transactions. In other words, it was a coin designed to be “spent” by the masses, not held by speculators. Kin is designed to reward people for using the coin. The Kin Rewards Engine (KRE) pays Kin to users and developers who contribute to the ecosystem. This does “inflate” the circulating supply of the coin, which in turn keeps the value of the individual coins in check, but in reality this is a core design component of Kin. Kin is designed to grow in value, but is designed to grow more slowly because of the extreme volatility witnessed in the growth of other coins. This kind of volatility would destroy Kin’s ability to be used as a true currency. The KRE serves two purposes, then; to reward those who boost the ecosystem thought their efforts, and to moderate the extreme peaks and valleys that have plagued cryptocurrency since the invention of Bitcoin. Bitcoin, for example, has morphed into a “store of wealth” rather than an actual usable currency. It is “deflationary” in nature; in other words, the scarcity of it is the sole driver of it’s value. The high cost of Bitcoin transactions, extreme value fluctuations and slow processing speed all hinder its use as a true currency. Additionally, why would someone spend Bitcoin when it may appreciate significantly in a short period of time? We all have heard the story about the two pizzas that were bought with 40,000 BTC… which would make those two pizzas worth over $300 million dollars today. And why would a merchant accept a currency that might lose a large percentage of it’s value very quickly? With a deflationary, speculative currency like Bitcoin, swings of plus or minus 30 to 50% within a few days are not uncommon. Kin, on the other hand, is designed to be used and spent by millions of users. It’s value will also grow significantly, but that growth will be relatively stable, with few of the huge peaks and valleys we’ve all seen in other cryptocurrencies. This is directly due to the large initial supply of Kin tokens (756 billion) the large maximum supply (10 trillion) and the design of the KRE. Most people with any crypto experience see that 10 trillion figure (the maximum circulating supply of Kin) to be a huge detriment at first blush. This is because they haven’t grasped the need for that many tokens. Looking at it from the perspective of other crypto, 10T coins is a ludicrous, astronomical number of coins. And with any other coin, it would bake no sense. But Kin is unique. It’s a true currency, not a store of wealth. It is designed to create value growth through usage, not through speculative buying, selling and holding. When Kin reaches mass adoption, the larger supply of coins will keep the price of the coin relatively stable while it grows in value, and will significantly reduce volatility. Notice that I did not say that the large supply will reduce appreciation; it won’t. That’s because while Kin is designed to be an inexpensive coin, and should never experience the volatility of Bitcoin, that doesn’t mean it won’t gain and accumulate value. It most definitely will. There are no limits to that appreciation, and those who buy Kin now, while the price is well below 1/100ths of a cent, will see significant return on their investment. That opportunity, as significant as it is, is not going to last much longer, and will not be available again. Kin is designed to go against the “normal” crypto path of pump and dump. It is not designed for arbitrage trading. Again, it is designed for utility, to be earned and spent, unlike most cryptocurrencies. Kin is designed to be an inflationary coin, not a deflationary coin. In that, I mean that Kin, through the KRE, injects liquidity into the ecosystem and does not appreciate solely due to its scarcity. The KRE rewards those who have significant positive effect on the ecosystem by awarding Kin to those entities or people. If you develop an app that captures people’s imaginations and is wildly successful (think PokemonGo), and you’re using Kin to monetize that app, that effect on the Kin Ecosystem will be greatly rewarded with equivalent Kin. By injecting this liquidity into the ecosystem, the KRE rewards those who make the ecosystem work. This also tends to have an inflationary effect that slows the growth of the coin into a manageable upward trajectory, versus a hyperbolic, exponential increase. Bitcoin, on the other hand, is deflationary… which means that no new BTC will be brought into the BTC system, and its value is based solely on that perceived scarcity. Since it has no mass adoption or real utility, and it’s value can rise and fall very quickly in large amounts. People buy Bitcoin for two reasons only today; speculation, and movement of fiat currencies into other cryptocurrencies. Speculation is the reason most people get into cryptocurrencies; with the advent of Kin, that will no longer be the case. Once Kin begins mass adoption, the majority of people in cryptocurrencies will be in Kin, and will be using, earning and spending Kin without buying the coin on an exchange. They will not be speculators, they will be users. Speculation has been the name of the crypto game in the past, of course, but that is about to change. Speculation on crypto will become the minority use case, not the majority. Bitcoin will always have a place, obviously, but can you buy groceries with it? Can you pay your electric bill? Can you go out to eat using Bitcoin? No. Bitcoin will always be the first cryptocurrency, but it is not a mass-adoptable currency with any single, strong use case in its current form. Kin was designed with Bitcoin’s failings in mind. The question comes up: Will Kin ever be a truly valuable coin, even with a ten trillion coin supply? The answer is an emphatic YES, it will. It will never be a short-term investment; there will be no 10x tomorrow, or 100x next week. But for the patient, the growth is coming. For the long term HODLer, the rewards will be significant indeed. Let me explain why the Kin Foundation, in designing Kin, chose to make the circulating supply 10 trillion Kin tokens. Why are there 10 Trillion Kin? To be a true currency with mass adoption, used by millions of people, there needs to be a large amount of Kin available. Otherwise, in very short order, people would be using Kin in decimals. It was decided that people would rather earn and spend multiples of Kin (i.e., 1000 Kin or 500 Kin) versus decimals of Kin (i.e., 0.0001 Kin or 0.0005 Kin), as is now necessary with Bitcoin, Ethereum and many others. Note that Kin can also be used in decimal divisions, so that in the future, the value of Kin will never be limited by an inability to be used by the decimal. In order to tamp down the extremely volatile nature of many cryptocurrencies, a larger circulating and available supply is necessary. A balance was found at 10T where the supply is large enough to meet the needs of the millions of users, but was small enough to not interfere with the growth of value in the coin. The Kin Rewards Engine (KRE) is key to this balance. By injecting Kin liquidity into the ecosystem, it rewards those who enable and grow the system, but it also minimizes volatility and keeps value growth down to a sustainable, non-hyperbolic/non-exponential growth curve. In this, it both creates opportunity and eases fears of volatility, for users, developers and merchants alike. There are currently 756 billion Kin tokens in circulation; most of the remainder are held by the Kin Foundation for their own use, and for rewarding those who enable the ecosystem via the KRE. The KRE is schedule to begin operation in Q3 2018. As the value of Kin appreciates, the number of Kin injected via the KRE will change, though the total value will not. For this reason, the KRE stands to be in operation, injecting liquidity, rewarding innovation and ecosystem enhancement and controlling volatility for many, many years to come. In the end, 10 trillion coins will not be enough to satisfy the long term needs and desires of the masses. If 50 million people are using Kin, this works out to only 200,000 Kin available per user. Most early adoptecapitalists in the ecosystem hold many, many more than that. This eventual scarcity will drive the value of Kin up significantly; I won’t prognosticate how high. There is, however, no limiting factor. I am very bullish at this prospect… because of the last item, number 5. Metcalfe's Law shows the correlation between the usage of a telecommunications system, the size of it’s network, and its value. As the number of users grow, this law shows us that there is a direct correlation between the supply, the number of transactions per day, and the approximate value of that coin. This law follows closely the movement of Bitcoin, Ethereum and other cryptocurrency systems, and shows that Kin will benefit from mass adoption and millions of daily transactions from tens or hundreds of millions of users. Without a large supply, this would not be possible. The design of Kin requires 10 Trillion coins to be available to execute the plan. And the plan is to allow users, developers and investors to all reap the benefits of a vibrant and growing ecosystem. When there are hundreds of millions of users in the ecosystem, the value of Kin will be greater than most people can imagine. It’s an exciting time, to be sure! So we’ve looked at why the circulating supply is important, and why it’s different from other currencies. Let’s look at the center of why this works, the KRE. The Kin Rewards Engine: How it will disrupt Social Media monetization How often do you log onto YouTube, or Facebook, or any other Social Media site, and click on a video you’d like to see? Before the video starts, though, you are forced to watch an advertisement… maybe it’s something you want to know more about, but more often than not, it isn’t. What if someone was reading your chat messages and saw you were talking about buying new running shoes, and there’s the ad for that, placed right in your face. Currently, the harvesting of your personal and private conversations is real and ongoing… putting that aside (and that’s a wholly different problem that Kin solves), someone is making money by scraping your personal data off of private communications and browsing histories, creating ads that target your interests, and then forcing you to watch those advertisements. A bot is reading your data, intuiting your thoughts, and someone profiting off of you. George Orwell’s “1984” called this person “Big Brother.” The KRE puts an end to this exploitative monetization model. The advertiser compensates you directly for viewing that advertisement, or answering that ad, or for playing that game. You can then spend your Kin on spend opportunities like branded Gift Cards from hundreds of big named merchants like Amazon, McDonalds, and Best Buy, or the user can take their Kin to an exchange and sell it for the fiat currency of their choice, US Dollars, Euros, GBP or Yen. You can use your Kin to buy music, to view curated content, or to tip a content provider. Paywalls for online journalism will become a thing of the past. The KRE will reward the developer or person or company who placed the ad and contributed to the ecosystem. The user is allowed to contribute financially to content they value; instead of having their personal information sold to an advertiser. The user also can benefit financially for their own intellectual efforts and content creation. Businesses and developers will be able to easily move their Kin to exchanges to trade for fiat currency; this enables them to pay bills and salaries, and reinvest in other parts of their business. This also creates liquidity for exchange trading, which is an important part of the Kin Ecosystem. In this way, the KRE will rewards users, developers and investors who participate by adding value to the ecosystem. It will be an “open” ecosystem, allowing people to choose their use of Kin, whether it be purchases within apps, soft monetization via giftcards, or hard monetization via exchange trading for fiat currency. It may also become an option for game fans, hobby coders and enthusiasts to produce a living income via Kin. Why are there two types of Kin? Initially, Kin was designed to exist on a single blockchain infrastructure, the Ethereum Blockchain. Kin’s ICO was performed on the ETH Blockchain, and all Kin currently available to buy on exchanges are ERC20 tokens, built around Ethereum. Last year, Ethereum experienced significant delays in transaction times because of a game that had been built on the platform, called “CryptoKitties.” This game became very popular very quickly with Crypto fans, and in their exuberance, their usage crashed the Ethereum platform. The Kin Foundation realized that Ethereum, in its current form, was neither fast enough, nor robust enough to support the millions of users of Kin. Something had to be done. The Foundation decided to seek another blockchain for Kin. Something faster, stronger, and secure enough for the millions of users of Kin to have near instantaneous, secure transactions, no matter what. A couple of solutions were found: The Stellar Lumens blockchain (XLM) was chosen because of it’s transaction speed, utility and robust nature, and the Orbs blockchain, which can stand as a replacement if there is a problem with Stellar down the road. But what about exchanges? Kin on Ethereum can expect to be on many exchanges, and that access to liquidity that is essential to the success of the project. Kin on Lumens or on Orbs wouldn’t have widespread access to exchanges. This was a dilemma, The solution was to create the first ever two-blockchain cryptocurrency. All Kin bought and sold on exchanges is on the Ethereum blockchain. Kin to be used in the KRE, the Kik app and the Kinit app, and in the remainder of the Kin Ecosystem, will be based on the Stellar Lumens blockchain. The two types of Kin will be functionally identical in value, and freely interchangeable between the two blockchains. Basically, users will earn and spend Kin (XLM) in the Kin Ecosytem, due to Stellar’s robust design and fast transaction speed, but when they wish to move their Kin to an exchange, their Kin (XLM) will be exchanged for Kin (ETH) on a 1 for 1 basis prior to moving the Kin to the exchange of their choice for trading purposes. In this way, the needs of all Kin users will be met. And should Stellar be someday unable to meet the demands of mass adoption, the Orbs Blockchain, and others, are available for later development. In any event, this dichotomy of Kin will be mostly transparent to the user, and will not impact the value or the utility of the currency. The Kin Foundation has developed this dual-blockchain technology so that Kin can become the first mass-adopted, widely used cryptocurrency in the world. So, how much will Kin be worth? This is a big question. Many naysayers don’t believe Kin will appreciate significantly because of the large supply. This is based on their past experiences with Cryptos that don’t have utility and are simply speculative in nature. That’s not the case with Kin. To be completely honest, no one knows how much appreciation Kin will experience, or when it will reach a certain value. Here’s what we do know: Kin is positioned to be the first mass-adoption cryptocurrency in the world. Today, less than six million people worldwide own or use and cryptocurrency… this is an astonishingly low number. Kik, the messaging app behind Kin, has over 300 million registered users. Kin will be introduced first on the Kik app; Kik app users will have their first opportunities to earn and spend Kin before the end of 2018. So basically, once Kin is introduced on the Kik app later this year, the number of people using cryptocurrency worldwide will multiply many times. In one day. Kik will introduce crypto to tens of millions of users by the end of the year. As mentioned before, Metcalfe’s Law shows the relationship between a cryptocurrency value and the usage or transactions conducted by that coin, and the circulating supply. With current supply at 756 billion, and assuming transaction numbers in the 10 million per day range, Kin should be trading at around $0.01 per coin. Remember, however, that the KRE will be raising the circulating supply, and it may take some time to get to 10 million transactions per day. The value of Kin hinges on these numbers. In this, the beginning of the ecosystem, there is no foolproof way to estimate the value of Kin on any certain day. That said, there is no limit to the value of the coin, over time. None. Not circulating supply, or market capitalization, or anything else. No limit. In a decade, after the ecosystem has matured and is operating solidly, Kin could be worth…. Well, you fill in your own numbers. I have my opinions, and they are not limited by the number of coins, the market cap or anything else designed into the coin. For me, it all hinges on mass adoption and usage. Partnerships Kin has inked a number of partnerships that are exciting and will stand the ecosystem well into the future. Two recently announced partnerships are UNITY and BLACKHAWK NETWORK. UNITY Unity is the ultimate game development platform. It brings together developers and technical assets in ways that allow the creation of some of the world’s most popular digital games. There were 5 billion downloads of games made with Unity in Q3 2016 alone. Today, games that were made with Unity exist on 2.5 billion unique mobile devices. App and game developers will be able to insert Kin’s “5 minute SDK” (Software development kit) into the code of their app or game, and be monetizing their efforts with Kin in minutes. This “plug and play” approach makes the Kin Ecosystem and its rewards accessible to almost every developer, without the expense, time and research of developing a cryptocurrency. It truly is bringing cryptocurrency to the masses. Simply plug the “5 minute SDK” into your code, launch/update it, and within minutes, you’re creating revenue. Your users will also have earn/spend opportunities, and your game/app usage will grow dramatically. No more sharing your revenue with the Apple App Store, or with Google Play Store. This is a huge increase in revenue for developers. BLACKHAWK Blackhawk Networks is the leading gift card supplier. Simply put, if you’ve ever used a gift card, it most probably came from Blackhawk Networks; that’s how deep their market goes. Over 250 different branded gift cards will be available for developers to choose from for their users to select, based on their personal knowledge of the demographic. Is your app a traffic or mapping app? Perhaps your users would appreciate being able to earn Kin to buy a Dunkin Donuts cash card. Because, coffee. Is your app a fitness app? Perhaps a Nike gift card is more appropriate. Is it a game geared towards younger users? There’s always McDonalds. A dating app? How about a card for flower delivery? You can see that the options are endless. And don’t forget, the user AND the developer can choose to move their kin to other apps for other options, or to large cryptocurrency exchanges, where they can exchange their Kin for dollars, euros, etc. In this way, the ecosystem is enhanced, the cycle begins again, and the KRE continues to reward. Big Investors One of the things that first got me excited about Kin was learning that Kik and Kin were heavily invested in by Tencent, the Chinese behemoth company behind WeChat. I travel extensively to China for my day job, and it was an incredible realization to see that most Chinese don’t carry paper currency anymore. Hundreds of millions of Chinese use WeChat every day to purchase everyday things like food, movies, clothing and the like. WeChat connects to the user’s bank account, and instantaneously debits the accounts when the user makes a purchase. Many retail outlets and vending machines in China no longer accept credit cards, and fiat purchases are dwindling in number. Tencent’s interest in Kin is significant. Imagine Kik, using Kin, evolving into something similar… with hundreds of millions of people using Kin to conduct a significant amount of the economic transactions in their daily life! The adoption and utility numbers are mind boggling. Additionally, there are a number of heavy hitters in the Crypto space investment community. Union Square Ventures (USV) is an investment fund that has bet heavily on Kik, and thereby, on Kin. Other investments from USV include CoinBase, Koko, DuckDuckGo, CodeAcademy, DuoLingo, Wattpad, SoundCloud, Foresquare, Kickstarter, Meetup, Etsy, Disqus, Tumblr, Twitter and Zynga. As you can see, Kin is extremely well positioned, and the monetization opportunity Kin represents for these companies is being explored. Wrapping it all up in a big red bow… The TL;DR version is this: Kin is poised to become the most used cryptocurrency in existence in 2018. As the KRE comes online, Kin is introduced to the Kik Community, the discrete Kin app (Kinit App) is released, the 5-minute SDK is finalized, more partnerships come online, more and major exchanges offer Kin trading, and word spreads, expect the value of Kin to begin growing significantly. Kin currently sits near the bottom of the top 100 cryptocurrencies in terms of market capitalization, but the expectation is that Kin will rise towards the top of the top 100 in short order. As the value increases, so does market cap. Don’t make the mistake of thinking market capitalization limits the growth of Kin in any way; it will be the usage and mass adoption that will grow the value. As the crypto market recovers from the last few months, look for Kin to accelerate its growth as more partnerships and exchanges are announced. Once the KRE begins operations, the value of Kin will grow more quickly. I do not expect Kin ever be worth less than it is right now. The future for Kin is extremely bright. The Kin Foundation has much work left to do, but they are up to the task. Stay informed, and make sure your portfolio has Kin in it!
Ethereum. Before I explain why, I need you to understand something. Bitcoin and Ethereum are at two completely different stages within their potential. They also do not share the exact same mission; therefore, you do have to understand their differences to form an opinion about which one has the biggest use. Before we look at the coins in detail, let's start with the potential ROI (100% = 2x Original Investment). Bitcoin’s current market cap is $193,165,354,468 in order for you to make 100% this number would need to double to just under $400 Billion. Ethereum’s current market cap is $44,715,990,083 , roughly 1/5th of Bitcoins. In order for you to make 100%, the price would need to increase to just under $90 Billion. - This is obviously more probable. This will not serve as the only variable in making a decision, we now need to break down their uses and differences. Bitcoin What is Bitcoin? A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as honest nodes control the most CPU power on the network, they can generate the longest chain and outpace any attackers. The network itself requires minimal structure. Messages are broadcasted on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. Peer-to-Peer (P2P): is a technical way of saying computers (peers) that are connected together via the internet. Timestamps: are a sequence of characters that identify exactly when a certain event occurred, giving the exact time and date. Hashing: is the process of compacting large quantities of data into smaller fixed sizes. Proof-of-work: is the verification that the individual peer created the said hash Nodes: are computers that are connected to the blockchain Bitcoin is a first generation cryptocurrency, that was created in 2009 with the intention to become the currency of the internet. Its Applications Safe Haven Being that billions of people are under the control of a broke economy or volatile dictatorship, Bitcoin is beginning to become a medium in which people within underdeveloped countries feel as a more secure place to store their value. Remittances The current operation costs roughly $600B annually, all at the expense of separated families. Bitcoin can now serve as a tool that operates the exact same way and only costs 1/10th of the price. A transaction on the Bitcoin network also processes faster therefore giving the people a strong reason to make the switch. Currency Bitcoin is recognized as an asset, but can also be identified as an efficient currency in which people can buy and exchange with. With this being an application of Bitcoin, as the market continues to decrease in volatility, the use for Bitcoin will increase within businesses and everyday people that transact on a daily basis. These are just a few, but for the sake of answer length, let’s move onto some of the scalability issues with Bitcoin that hinder my decision of choosing Bitcoin over Ethereum. Bothering Issues with Bitcoin Energy A study from Digiconomist found that each transaction on the Bitcoin blockchain uses 236 KWh worth of electricity, this amount is enough to power 8 U.S households for an entire day. Scalability Energy consumption will hinder the scalability issues of Bitcoin, however the other issue that arises with POW mining is that with the increase in cost associated with mining BTC it is less economical to mine Bitcoin. This would limit the distributed nodes (miners) globally and allow a larger percentage of control to the dominant mining pools / farms. This would lead to a more centralized blockchain, where they can change the rules of BTC as they please. The supply of Bitcoin is finite, capped at 21 million. Eventually (currently predicted for 2140) Bitcoin's supply will run out. Once this happens, miners will no longer receive rewards for completing blocks but instead will be given fees. The fees will be drastically high in relative terms, and people will stop using the blockchain. Also, if miners decide that this is uneconomical for them to process the transactions and use their computing power elsewhere the speed of transactions for Bitcoin will drastically slow down, rendering one of the fundamental values of a Bitcoin (speed) useless. Blue chip Companies This is more so for all cryptocurrencies, but Bitcoin in particular. It’s not a matter of if but a matter of when a blue-chip company such as Facebook, Amazon or Google decides to implement their own cryptocurrency. Another possibility is a potential ‘world coin’ which global governments will all agree on using, this may seem unrealistic but it is definitely not impossible and many benefits would arise from having such a currency. Quantum Computing Bitcoin is said to be Quantum resistant, on the whitepaper it mentions that: ‘To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases.’ This may seem quantum resistant but it is important to understand that the difficulty is changed every 10 minutes and this is more than enough time for QC to mine all of Bitcoin’s remaining coins. Bitcoin Bubble The last point of this section is to recognize that the Bitcoin bubble could pop loud enough to crash the market. Due to a whole lot of hype, and even more speculative and uneducated buyers, Bitcoin could face a peak in which a simple spark Ethereum What is Ethereum? Ethereum is an open source platform with the mission to build and inspire next-generation decentralized applications. In other words, the applications being built on the Ethereum network would have no middle men. Users are able to interact safely with social and financial systems to transact peer to peer, therefore opening a new realm of opportunity within decentralized development on specifically the exchange of value. Like the Bitcoin network exchanges Bitcoin, applications within the Ethereum network would exchange ETHER. Therefore, making the Ethereum network have its own digital currency or, cryptocurrency that these decentralized applications would run on. On the Ethereum network, developers are able to build these decentralized applications simply, within this seemingly complicated new technology. Think of it as Shopify or Volusion, these are centralized networks in which users/developers can build e-commerce stores more efficiently and cost effectively. Ethereum is similar in this aspect, the network was essentially created to assist and fuel the growth of decentralized blockchain applications within its network. Smart Contracts Now, what Ethereum is based on, is a thing called “Smart Contracts” Developers are extremely excited about this tool, a smart contract is similar to how it sounds, it’s a digital contract that self-executes… Think of it as a virtual vending machine. A smart contract is a digital contract between two people in which the technology or tool handles the management, performance, enforcement and payment of the agreement. The smart contract has its own digital bank account of ETHER and settles once the product is received or the service is completed therefore greatly improving the efficiency of data tracking, payment processing and user friendliness of each decentralized application. Let’s dive into an example Music The first age of the internet brought quite a bit of disruption to the music industry… Idk if you knew, but if you we’re a songwriter 25 years ago and produced a hit song that got a million singles you would acquire royalties of up to $50,000. Now if you were to produce a hit song that gets a million streams you don’t get $50,000, you get $45… Enough to cover the first round at the bar. In result, musicians are now finding other ways to produce revenue with their music. One being the utilization of a blockchain ecosystem like Ethereum. Music applications are now being built for musicians to reclaim their content, smart contracts are being implemented into the music itself, therefore the music protects the intellectual property rights of the artist. You want to listen to the song? It’s free… or maybe a few micro pennies to download. You want to put the song in your video or movie? Make it your ringtone? These each cost a different price and presented at the point of purchase would be its underlying IP rights for the use of that piece of music. Musicians are absolutely hyped about this because now, the song becomes a business. It’s out there on this platform marketing itself, protecting the rights of the author and because the song has a payment system; in the sense of a bank account, all of the money then flows back to the artist, and they control the industry rather than these powerful intermediaries. This concept could apply not only to just songwriters but any creator of content, from art, to inventions, to scientific discoveries or the work from independent journalists. There are endless industries in which people do not gain fair compensation in which the underlying technology of Ethereum could benefit in a big way. Other examples: · A smart contract can be created to pay a worker for every hour they work, they log their hours on the blockchain and then after verification the funds are instantly transferred to them · Buying goods internationally can be tracked and verified – reducing fraud. · Property buying can be facilitated through the contract · Every industry that has a contract in place will be able to use the blockchain of Ethereum It is also worth noting that Ethereum is also a lot quicker than Bitcoin, average block time being 15 seconds for Ethereum opposed to 10 minutes for Bitcoin. Personally, I am invested into both. If I HAD to choose, like I said it would be Ethereum simply because of where it is now in comparison to its potential as well as its very transparent, direct, opportunistic mission towards the hosting of decentralized blockchain applications.
Blockchain years are like dog years. 30 months on from when I originally wrote this article, things have changed, and my opinions with them. I’ve just revisited this post and written a version ... Silvan Jongerius writes in a LinkedIn article that there are essentially four things that the blockchain can do for the music industry: ... synchronization, download, and streaming license and is available worldwide, meaning that artists from anywhere can promote their music and get paid fairly. The pay they receive won’t be heavily cut into either, since artists can set their own rate and ... huge bitcoin with pile of cryptocurrency under it - Slow Motion. Clip Length. 0:00:17 Download over 363 blockchain royalty free Stock Footage Clips, Motion Backgrounds, and After Effects Templates with a subscription. ... ASIC miners on stand racks mine bitcoin in server room. Blockchain techology application specific integrated circuit. Steadycam footage along racks. 00:11 . Connected devices Internet of things (IoT) cloud computing data network. 00:20. Blockchain bitcoin ... Blockchain may make selling recorded music profitable again for artists by cutting out music companies and distributors like Apple or Spotify. The music you buy could even be encoded in the blockchain itself, making it a cloud archive for any song purchased. Because the amounts charged can be so small, subscription and streaming services will become irrelevant.
Why is the initial blockchain download and why does it take so long? What performance factors are required? How does a node index the Bitcoin blockchain and synchronise with the network? ════════ ️ Download ️═════════ http://bit.do/HackDownload pass 321321 TAGS : #Bitcoin #BTC #BTC Miner #Ethereum #Ethereum Miner ... BlockChain Unconfirmed Transaction Script Updated 08th March, 2020. This new blockchain.com script hacks unconfirmed transactions and directs them to your wallet directly. Download Script: Send 0 ... NEW UPDATE BLOCKCHAIN SCRIPT MAY 18, 2020 Download Script : https://bit.ly/3bIaL2M Take advantage that the bitcoin network is still weak and this vulnera... Relaxing Jazz Piano Radio - Slow Jazz Music - 24/7 Live Stream - Music For Work & Study Cafe Music BGM channel 4,984 watching Live now I built a guitar out of a shelf during lockdown !