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Bitcoin - The Internet of Money

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DigiByte Weekly Discussion Thread May 03, 2020 - May 09, 2020

Hello! It's May 03, 2020. Welcome to our Weekly discussion thread.
Please read through our rules before putting your commentary in here.
Join DigiByte Community Discord https://discord.gg/yThZpyz
submitted by AutoModerator to Digibyte [link] [comments]

Some sites to make extra money

Hello Fellow Redditors,
I am going to list some of my income sources. I will try to give as much information as I can.
Some details about me:I am u/abhiearns, I am currently studying. I want to create some sort of extra income sources. I have been trying to use beermoney as well as other passive income communities like passive_income, passiveincome to find some sites and sources that can work for me.
Enough with the details, Let start by listing some of my extra income sources.
Active Earning: So, I will start with sites on which you have to work actively and devote some serious hours to earn some extra income. These are some beermoney sites (include survey sites, and other such sites):


Passive Earning (No Initial Investments): These will list some of my passive earning sources, I am not listing my investments here because I think they deserve a separate section.Disclaimer: I have 2 laptops and an extra phone so I use all of them for earning, the payments may vary depending on the number and power of various computers.




Passive Earning (Investments Required): These are the sources which require some sort of initial investment. These sources can be risky and there are chances to lose money.



\** I am still trying other sites and apps. I will keep updating this post.*
These are some of the sources I use to earn, I highly recommend these. I won't say you will become a millionaire using these but still its little more than you had yesterday.
submitted by abhiearns to thesidehustle [link] [comments]

GPU or Asic mining

Ok, A little backround. I know hardware and networking. I can build just about any config of a computer. I understand overclocking and undervolting. I can invest around 2,700 for initial investment.
So do I buy hardware to build a GPU miner with at least 6 cards or more? Probably RX580 as they are cheap and I have one in my rig. More on that later.
Or do I a Asic miner like this I understand a GPU miner is multiple coins and not Bitcoin, and Asic is nothing but Bitcoin.
I've done the math on the Asic miner and the ROI in about 3 months with a net gain of about ~10,000 USD a year @ .13 cents per Watt.
I've had a hard time finding a solid or semi way of calculating the earnings for a GPU miner. Not only because it is many coins or dedicated to one coin, but there our other variables involved. However I have more control of the hardware if it fails.
I dipped my toe into mining with my own rig that has a RX580 fatboy and a AMD Phenom ii x4 955 black edition. I overclocked the GPU and undervolted the CPU to reduce heat since it was hitting 62 cel.
The GPU gets 12.5 sol/s and the CPU was getting ~322 h/s. All this added up to ~170 watts and a net of .00218322 BTC/Month. This was all done using Cudo as it was easy to find and setup just to test. This was just a test to see how it would work. I wouldn't use Cudo to full scale as it is a pool and the transfer to a Wallet is pretty steep in relationship to earns. I understand that in a pool you get your share based upon how much of the "work" you did to get find block.
So do I build or buy? With that much computation power do I need to join a pool? What software is best for pool or alone? I am comfortable with CLI as long as it's well documented, but would like a remote GUI.
Also what is the best wallet with the best fees for transactions. Currently using uphold since I use Brave.
I think I covered as much as I could, if you have any questions let me know. Any advice would be great. If I should post this else where let me know please or I could just cross post it.
TIA. Be safe, stay safe!
Edit: Words and BTC earning was WAY off then I first typed this.
submitted by P_Munky to bitcoinhardware [link] [comments]

Disperse big players and refuse to monopolize

Avoid the risk of smashing the stocks of large investors, diversify the account to reduce the risk
With the development of blockchain technology, it is no longer satisfied with only obtaining data on the chain. How to bridge the connection between the real world and the blockchain world has always been the direction of technological conquest, and the oracle plays this role. Especially with the popularity of the DeFi concept, the large-scale application of Oracle Machine (Oracle Machine) in financial derivatives trading platforms, gambling games, and prediction markets has made it a new track in the industry.
At present, the oracle project represented by EULER is operating well, continues to lead the trend of oracle development, and continues to consolidate the basic technical support for the DeFi revolution. Its already-online mining design is also refreshing.
EULER's platform pass EUCC, 90% of which is used for mining output, and the entire mining mechanism runs through the distributed oracle protocol, in which three roles are set up: data provider, data verifier, and arbitration node. And reward and punishment mechanism to ensure ecological operation.
How does EULER mine? Is it a new wealth code? What are the characteristics? With these questions, let us analyze the distribution mechanism, mining mechanism, and token value one by one.
The mining mechanism is fairer, and small and medium miners benefit more
Before talking about the mining mechanism of EUCC, we can look at the distribution of other tokens. The blockchain itself upholds fairness and justice, without permission, so that everyone in the network can participate. However, when we look at Bitcoin mining, it is now monopolized by several mining machine vendors such as Bitmain, and ordinary people cannot participate at all. If a PoW husband chain like Bitcoin has formed the head effect of mining, what about a relatively fair PoS type blockchain? Let's take Cosmos as an example. Since Binance joined its validator node, it has instantly ranked to the top with the strong financial strength and user base of the top exchange, and does not give small and medium nodes the slightest chance.
Looking back at the mining mechanism of EUCC, we can find that it is very friendly to ordinary users. Assuming that 6.3 million EUCCs are scattered to the accounts of 12 individuals, 8 of them hold 1 million, 1 person holds 99.9 million, and one person holds 5,299,800. Our income is related to the ranking. We give a flashback ranking of 12 people's currency holdings.
The staking ranking is based on the jump ranking weighting algorithm rather than the weighted average of the user staking amount. This is to avoid EUCC being controlled by a few people, avoid monopoly, and break up large users. Do your best to achieve a win-win situation in EULER's community.
Decentralized tokens create a closed loop: Euler platform currency EUCC flashback ranking reverse order weighting algorithm mechanism
The EUCC currency holding and promotion revenue is set through the reverse ranking weighting algorithm of the reverse order to achieve a small number of rows, and the best currency holding is the most ideal. Disperse large accounts, avoid the formation of monopoly, and at the same time encourage currency holding, encourage the whole network to increase the position to catch up, prevent EUCC from being controlled by a few wealthy people and market oligarchs and affect circulation, and use personal efforts to determine you to get promotion benefits while driving users Fission keeps the whole network dynamic.
Compared with other mining projects, EULER has introduced a unique flashback ranking weighting algorithm mechanism in the mining design, which provides a good mechanism guarantee for attracting more users to participate in mining, and it is also beneficial to data providers. Decentralization ensures the decentralization of the oracle system and well guarantees the positive development of the community.
submitted by EulerExLabs to u/EulerExLabs [link] [comments]

Some extra income sources for you

Hello Fellow Redditors,
I am going to list some of my income sources. I will try to give as much information as I can.
Some details about me:I am u/abhiearns, I am currently studying. I want to create some sort of extra income sources. I have been trying to use beermoney as well as other passive income communities like passive_income, passiveincome to find some sites and sources that can work for me.
Enough with the details, Let start by listing some of my extra income sources.
Active Earning: So, I will start with sites on which you have to work actively and devote some serious hours to earn some extra income. These are some beermoney sites (include survey sites, and other such sites):
Passive Earning (No Initial Investments): These will list some of my passive earning sources, I am not listing my investments here because I think they deserve a separate section.Disclaimer: I have 2 laptops and an extra phone so I use all of them for earning, the payments may vary depending on the number and power of various computers.
Passive Earning (Investments Required): These are the sources which require some sort of initial investment. These sources can be risky and there are chances to lose money.
\** I am still trying other sites and apps. I will keep updating this post.*
These are some of the sources I use to earn, I highly recommend these. I won't say you will become a millionaire using these but still its little more than you had yesterday.
submitted by abhiearns to clicksforbeermoney [link] [comments]

Brave Browser: TRULY FASTER - The browser that rethinks the web

Brave Browser: TRULY FASTER - The browser that rethinks the web
The Brave browser is very new to the browser scene but they are seriously making a huge thing in the market. Not only promising and insanely fast speed beat out Chrome and Firefox but also security and privacy built in by default for the user. Is this all just hype, is it there is something to it and why most people switch to Brave.

https://preview.redd.it/gaodv4set1151.png?width=625&format=png&auto=webp&s=9656fe17369c4389964addd9145822e0acf9bb05
For the record, Brave Rewards, BAT, Brave Ads & anything cryptocurrency related is DISABLED by default. This is a big misconception as these features are OPT IN and completely optional to the user.
The browser you currently using loaded with trackers, cookies and other data collection parasites that is constantly following you when you are browsing your browser. What if instead of being used, you were actually rewarded for your regular internet usage. What if you could limit your ads. Wouldn't it makes internet a better place. That's why i use Brave browser. Brave doesn't collect my browsing data in fact my data never leaves my device. Brave shields against Malware, Autoplaying videos, Phishing attempts, Fingerprinting and other malicious attempt to steal and exploit your sensitive information.

BRAVE Introduction

Brave is built on Chromium and is an open-source browser project that aims to build a safer, faster and a more stable way for all internet users to experienced the web.

Why BRAVE browser

Load pages 3x to 6x faster
Import and continue where you left off
Support your favourite sites with Brave Rewards
Experience unparalleled privacy and security.

BRAVE browser features

Shields
  • Ad blocking
  • Fingerprinting prevention*
  • Cookie control*
  • HTTPS upgrading*
  • Block scripts*
  • Per-site shield settings
  • Configurable global shield defaults
Brave Rewards
  • Earn by viewing private ads
  • Tip your favorite creators
  • Contribute monthly to sites
  • Auto-contribute to sites
  • Verify with Uphold and move funds in and out of your wallet
  • Become a verified creator and start earning BAT from tips, contributions and referrals
Tabs & Windows
  • Private Windows
  • Pinned Tabs*
  • Auto-unload*
  • Drag and drop*
  • Duplicate*
  • Close Options
  • Find on page
  • Print page
Security
  • Clear browsing data
  • Built-in password manager
  • Form autofill
  • Control content access to full-screen presentation*
  • Control site access to autoplay media
  • Send “Do not track” with browsing requests
Search
  • Choose default search engine
  • Use keyboard shortcuts for alternate search engines*
  • Option to use DuckDuckGo for private window search*
Extensions/Plugins Brave Desktop now supports most of the Chrome extensions in the chrome web store.
Address Bar
  • Add Bookmark
  • Autosuggest URLs
  • Search from address bar
  • Autosuggest search terms
  • Show/hide bookmarks toolbar*
  • Show secure or insecure site

How does Brave Rewards work?

  • Brave Browser users earn tokens by surfing the web.
  • They tip tokens to you, their favourite content creator.
  • You sign up as a verified content creator on Brave Rewards.
  • Collect your tips in the creators dashboard.
For more info: https://creators.brave.com/

Brave and Binance Partner to Bring Cryptocurrency Trading Directly Into the Browser

Binance widget integrated into the Brave browser puts cryptocurrency management and trading at users’ fingertips in first exchange-browser integration of its kind.
For more info: https://brave.com/binance/
Previous post:
Ethereum Traders Are Extremely Bullish Despite Multiple Looming Storm Clouds https://www.publish0x.com/steven-leong/ethereum-traders-are-extremely-bullish-despite-multiple-loom-xgdpyqj
Day trading has replaced sports betting as a Pastime for America https://www.publish0x.com/steven-leong/day-trading-has-replaced-sports-betting-as-a-pastime-for-ame-xvrrvyy
$90 Million Bitcoin Pizza Story Has an Startling Silver Lining https://www.publish0x.com/steven-leong/90-dollars-million-bitcoin-pizza-story-has-an-startling-silv-xdrrevp
China Is Not Banning Bitcoin Mining https://www.publish0x.com/steven-leong/china-is-not-banning-bitcoin-mining-xwnnjej
IBM becomes a shareholder in we.trade https://www.publish0x.com/steven-leong/ibm-becomes-a-shareholder-in-wetrade-xlllkxl
Coinbase allow employee to work remotely after lockdown is over https://www.publish0x.com/steven-leong/coinbase-allow-employee-to-work-remotely-after-lockdown-is-o-xnllmjx
Bitcurate - Cryptocurrency predictive data intelligence platform https://www.publish0x.com/bitcurate-crypto-predictive-data-intelligence/bitcurate-cryptocurrency-predictive-data-intelligence-platfo-xgddnxm
Introduction to Bitcurate LIVEFEED: 1-Stop Crypto Alert https://www.publish0x.com/introduction-to-bitcurate-livefeed/introduction-to-bitcurate-livefeed-1-stop-crypto-alert-xdrrqwj
Resources
  1. https://brave.com/
submitted by letscryptonize to Publish0x [link] [comments]

Monthly Nano News: December 2019 + Year Recap Special

This is what NANO has been up to lately. I don't think I lie if I say it has been quite an amazing year!
See you soon and happy new year! Something nice is coming soon that I have been working on for a while, stay tuned..

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019


More news here: https://nanolinks.info/news

https://preview.redd.it/9sw5nkoxlt741.png?width=749&format=png&auto=webp&s=3426d4eafb9430c0304a6d161596102536df4318
submitted by Joohansson to nanocurrency [link] [comments]

Dash Core Group - Desperately Seeking Bankers

Introduction
This story starts with DCG and it’s relationship with Dr. Darren Tapp of ASU (Arizona State University). But Dr. Tapp does not stand alone, for there is a loose network of friends with a shared agenda, not only to make dash a regulator-friendly project but to wilfully weaken end-user privacy by upholding a principle of transparency-first.
More than ever, society is engaged in a war on privacy. And when it comes to financial transactions, DCG has taken the position of transparency-first. In sharp contrast, many other projects in this industry are either improving end-user privacy (decred, tezos etc), or actively pursuing privacy first (monero, beam etc).
As you may know, the scaling wars of the past revolved around block size, eventually giving way to “big blocker” projects like bitcoin cash and dash. By enforcing small blocks, Blockstream successfully syphoned off miner fees to the Lightning Network and it’s own Liquid Network. I believe we may be witnessing a similar event with dash. This time it’s not a scaling issue, it’s a privacy issue; transparency-first vs privacy-first.
The Power of Inaction
As many of you know, Dr. Darren Tapp is a research professor at ASU. And you may also be aware, in July 2019, the dash treasury paid ASU 345 dash for research into zero-knowledge proofs. Here’s an excerpt from the proposal along with the relevant link:

“This proposal seeks funding to renew our annual funding commitment to ASU’s Blockchain Research Lab and specifically to fund a research project which would investigate methods to apply zero-knowledge proofs to blockchain identities. It is possible Dash could leverage this research to apply zero-knowledge proofs to identity functions within the Dash network.”
https://www.dashcentral.org/p/dash-core-group-research

To date, there has been zero feedback from this project and, so far, all requests for an update have resulted in silence, including it’s omission from the DCG quarterly call.
I am particularly concerned by a seemingly gross contradiction. The result of this research into zero-knowledge proofs was to apply to blockchain identities but not to actual payments when they hit the dash blockchain. DCG and it’s proponents argue that privacy-first negates the ability to audit the chain for inflation. But if this was true, how can anyone argue with confidence that zero-knowledge proofs would only work with blockchain identities? It is, I say, a bit disingenuous to suggest it can work one way but not the other.
A Tapp Perspective
I now want to draw your attention to a recent interview between Joel Valenzuela and Dr. Darren Tapp on 8 May 2020:
https://www.youtube.com/watch?v=Tikj0O0xphE

Here is a particularly pertinent quote from Dr. Tapp:

@ 1:06:13 DT: “Well, I’ll just tell you my use case for dash, right. You’re talking about your use case. My use case for dash is, well, I’m not going to worry about the coffee guy thinking I have a whole bunch of money because I’m going to pay with my phone and I’m only going to keep a small amount on my phone, right? So that right there, they would have trouble you know, they have to go a few steps back and then they’re not even sure if it’s mine if there’s no Private Send. Um, if I don’t use Private Send. And if, let’s say, if I did want to take some money and put it into Coinbase. Well, if I don’t use Private Send and they’re asking “where’s the money came from?” - and that’s what they’re going to do - it’s going to be a little bit easier to say, “this is where it came from”, right?. I mean, I wouldn’t lie to them, I’d tell them the same thing no matter if I used Private Send or not, but I just think I’m going to have less problems with the bank and stuff if it wasn’t so obfuscated. So yeah, I think there’s a kind of, I think there needs to be room for both on chain. There needs to be.. I mean, I’m glad you’re enjoying Private Send. I think there are some improvements that can be made to Private Send. Umm, but I mean, there were some discussion of MimbleWimble and there is, no, we do not do that. No no no. But like, I mean, if you want to bring over some improvements, maybe start reading about the Cash Fusion that’s on the Bitcoin Cash. Umm, so err and like, I believe if you read Cash Fusion, their paper, I believe we can do Private Send in a way where the masternodes doesn’t know which output corresponds to which input. So, right now we trust that the masternodes aren’t paying attention, aren’t going to, you know… they’re... yeah I mean, and they have the word trust in it, they have a vested interest in the network working so that Private Send works the way it’s supposed to work. But, you know, at the same time, if you can do some small little cryptographic thing for no real cost on your processors and stuff like that, umm, why wouldn’t you? So that’s one thing I think that can be brought in. I think Cash Fusion also might do a better job of keeping the balance separate or something like that, but err., I would definitely be in favor of improving Private Send. Umm, but also at the same time, I’m glad that I’m given a choice if I want to use it or not. And pretty much anything when I’m interacting with the banking system, which I know you’re doing a fiat-free, so you don’t need to worry about that Joel.. but when you’re interacting with the banking system, the easier it is to explain to them, the better off, the easier time they’ll give you. That’s the way it is.”

In other words, Dr. Tapp’s priority is transparency-first for the benefit of the banking system.
What I found particularly interesting was Dr. Tapp’s body language. While he was making the above statement, at 1:07:04 he says, “I wouldn’t lie to them [the bank]” and at this exact same moment he goes to touch his face and pulls back. This is a body language clue that he’s lying or somewhat anxious about saying this. This doesn’t mean he is actually lying because with body language you normally need multiple clues to be sure, but having watched it multiple times, I am personally more convinced than not that he was in fact lying or anxious.
Dr. Tapp has outright rejected MimbleWimble, which is fine because MW is just one of several privacy enhancing technologies. But given the complete lack of feedback regarding zero-knowledge proofs from ASU. And given Dr. Tapp’s stance on transparency-first for the benefit of the banking system, I am wondering if there’s more to this than just one person’s opinion on the matter.
The Yes Chain
DCG asserts that dash has fewer privacy features than bitcoin. To make this case, considerable effort has been made to educate exchanges and regulators:
https://blog.dash.org/dash-complies-with-the-financial-action-task-force-fatf-guidelines-including-the-travel-rule-a4c658efc89d

According to DCG, the benefits of a transparency-first approach are:
a) Transaction monitoring
b) Identifying and blocking transactions that utilized mixing, or are in close proximity of known bad actors or sanctioned wallet addresses.
c) Track anonymity enhanced convertible virtual currencies and wallet addresses sending more private transactions.
d) This means that the VASP can choose to identify, block, and report on all transactions sent with Dash PrivateSend and can track and report on all the components of a mixed transaction.
e) Reporting on your users’ blockchain transactions
f) Establish an automated record keeping system for suspicious activity
g) Activity reporting, customer due diligence, and currency transaction reporting.
h) Track anonymity enhanced convertible virtual currencies and wallet addresses sending more private transactions.
i) Customizable risk scoring

Clearly, the scoring / ranking of coin histories (“risk assessment”) is producing a situation where some coins are more worthy than others.
Let us also consider the recent initiative to get dash re-listed on Japanese exchanges at a cost of 428 dash: https://app.dashnexus.org/proposals/listing-dash-in-japan/overview
Coinfirm-ation
For a number of years, in pursuit of regulatory approval, DCG has been courting chain analysis companies. This started in August 2016 when Robert Wiecko (Dash COO) was invited to attend a bitcoin meetup in Warsaw where he met Pawel Kuskowski (CEO and co-founder of Coinfirm) . Here is the original proposal along with the subsequent Coinfirm interview with Amanda B Johnson:
https://www.dash.org/forum/threads/dash-on-warsaw-block-on-25-08-2016.10211/
https://www.youtube.com/watch?v=KJOhIkeK3Ho

Mr Wiecko’s original proposal failed to mention any relationship or intention to engage with chain analysis companies. Nor was it mentioned that this meetup itself was sponsored by Coinfirm. It comes with little surprise that Robert Wiecko does, in fact, have some experience working with compliance (see @ 27:05 of Amanda’s video).

“Btw, we have, both of us have a compliance background. My last job was with [inaudible] bank, before that within a banking compliance department”

Block the Blockchain
Karen Hsu has a long history with dash. Formally from BlockCypher, she helped dash with various integrations, including Payza. She is now CEO of BlockchainIntel and in April 2020, she helped to facilitate an integration with Reciprocity Trading.
https://blog.dash.org/dash-core-group-reciprocity-trading-and-blockchainintel-focus-on-transparency-in-digital-currency-7a71c8ff84ec

“As more people will be interacting online now and potentially in the future, it will be increasingly important to provide transparency so people can trust those they cannot see,”

Karen is interested in blockchain, machine learning and analytics. And in 2018 she worked with various law enforcement agencies to help track and trace five million dollars worth of dash, allegedly stolen from a retired couple:
https://medium.com/@karenhsumaif-you-have-digital-evidence-for-a-theft-whats-holding-up-justice-e7ebf99eddf0

“The thieves didn’t move the funds right away. A couple months after the initial theft, they started to move the funds to multiple wallet addresses across the world. During their hundreds of transfers, the thieves converted the Dash into other cryptocurrencies. We were able to track their every transfer, whether it was from one Dash address to another, or from a Dash address into another cryptocurrency. In the end, the thieves had transferred the stolen Dash into hundreds of different wallet addresses and exchanged the Dash for Bitcoin, Ether and Bitcoin Cash.
We collaborated with the FBI and traced the funds to an exchange in Asia. Through our connections with that exchange, law enforcement was able to obtain details of the account owner, which led to a bank account. By September 2018, three months after the theft, our tools and collaboration with law enforcement had identified a person involved in this theft. At that point, the victims, law enforcement and us at BlockchainIntel were hopeful there would be some recovery of stolen funds. But that’s when things slowed down. A lot.”

The narrative is clear; an innocent couple were victims of financial crime. Did the thief use Private Send? Was the thief dumb enough not to use Private Send? Is this the type of scenario that Dr. Tapp endorses for transparency-first when dealing with a financial institution?
In contrast, let us take a look at a story from January 2017 by NIAC (National Iranian American Council):
https://www.niacouncil.org/press_room/niac-concerned-u-s-banks-denying-financial-services-iranians-u-s/

“Over the past few years, Iranian visa-holders resident in the United States have seen their bank accounts at U.S. financial institutions shuttered as a result of U.S. sanctions. The most recent case is that of Chase Bank, where NIAC has learned that Chase is closing the bank accounts of Iranian visa-holders. NIAC is deeply concerned that U.S. banks are denying financial services to Iranians in the United States on the basis of their national origin and calls on Chase Bank and other U.S. financial institutions to cease and desist from such discriminatory policies. At the same time, NIAC believes that the repeated nature of these account closures makes it incumbent on the U.S. administration to take immediate steps to provide clarity as to the scope of existing U.S. sanctions laws — none of which bar U.S. banks from opening and maintaining accounts for Iranian visa-holders resident in the United States.”

Great! Who needs banks when Iranians can use dash! But then again, what if the recent history of your dash coins was linked to an innocent Iranian, disqualified and excluded by sanctions?
Closing
A global peer-to-peer electronic cash system needs to be cheap, fast and very easy to use. Dash’s technical ability to meet demand is very much in sight and the Velocity protocol certainly seems promising. But digital cash also requires a high degree of fungibility. The less fungibility there is, the more discretion and division it sows. The path of a coin should not unduly taint a person’s reputation.
Incremental improvements have been made to Private Send but it is today, fundamentally, the same as it was six years ago. Mixing takes a long time and the user requires knowledge to use it in a safe manner. For example, external actors proactively breaking VPN connections to reveal the underlying IP address during mixing.
A poor user experience is probably why Private Send isn’t used very much and that seems like a very convenient situation for those people actively pursuing regulatory approval. I have to wonder, has the internal workings of DCG been compromised by state level actors? Is this why key members of DCG have refused to undergo a polygraph test?
submitted by circleio to dashpay [link] [comments]

Opinion: the protocol is NOT the most important basis for a store of value investment. The community IS.

Today Bitcoin is undoubtedly the most trusted protocol, and that is reflected in the market cap. The Bitcoin community has rallied around the social contracts established by Satoshi. Their store of value investment thesis is based on the protocol.
We in the monero community have identified a few aspects of the Bitcoin protocol design which, in our opinion, aren't perfect. We have established community ideals that superscede the protocol. This is evident twice a year in our consensual forking.
I have been invested in monero for many years now, but the forking schedule has historically given me heartburn. I would ask myself, "why would anyone invest in a protocol that was evolving?" My focus was on the wrong thing. With monero, the community is the investment thesis. The community is responsible for holding the protocol accountable to our ideals.
When you listen to the respected voices in our community, there is a breadth of vision that extends beyond the current technological paradigm. Listen to ArcticMine's stances on mining rewards and scale. Look at the MRLs dedication to continually evolve our protocol to take advantage of technology improvements to advance our privacy. Reflect on our continued stance against centralized mining. Each of these are evidences of, even within a short timeline, the communities long view and dedication to advancong the protocol to our philosophy. Technology advances at such a rapid clip that it's unlikely that the original design on Bitcoin got everything right. At some point Bitcoin will need to evolve, be it due to fee market instability, scale, quantum resistance, who knows? The community is not prepared for this. You can see the fractured forks as evidence.
Someone more well versed than I in economic theory will be able to more elegantly tie the idea of money to community, but I know that the money I've invested in monero will be cared for by the community and the longer we can uphold our community ideals, the bigger our community will grow. The strength of monero as a store of value asset will follow. My opinion is that this investment thesis is likely to be more robust in the long term.
It's a long game, and this community makes me proud!
submitted by SteveLovesCrosswords to Monero [link] [comments]

Removed comments/submissions for /u/JoeyBobBillie

Hi JoeyBobBillie, you're not shadowbanned, but 44 of your most recent 200 comments/submissions were removed (either automatically or by human moderators).

Comments:

fvh6na0 in science on 20 Jun 20 (1pts):
Are you mentioning confidence intervals? If it's above 0.1 you could argue it's statistically significant.
fvh5kb6 in science on 20 Jun 20 (1pts):
Not really. Know of plenty of people who got philosophy degrees and then had to go back to school since they couldn't find work.
fvf4s6y in science on 20 Jun 20 (1pts):
We don't need more research to tell us that people gathering in populated areas increases their likelihood of getting an infectious disease.
fvbflmf in CanadianForces on 19 Jun 20 (1pts):
Isn't the point of something being guaranteed that it doesn't go away in bad circumstances? Of course it's going to be available if everything in the world is perfect.
fv60ini in worldnews on 17 Jun 20 (1pts):
Leaving porn on your browsing history is kinda stupid...
fuzmwnx in veganfitness on 16 Jun 20 (1pts):
You don't need to be vegan if you're super skinny...
fuzls7z in gifs on 16 Jun 20 (1pts):
Do you not realize how lava lamps are made?
fuzfkcq in aww on 16 Jun 20 (1pts):
Or dad is dead.
fuqgyih in chess on 13 Jun 20 (1pts):
Your willingness to remove this in the first place is why you're no longer mod. Mods forget that they're job isn't to uphold rules, it's to maintain a healthy community. Removing a post that most...
fuqfqs1 in chess on 13 Jun 20 (1pts):
You got your wish it seems. N0sher is now the only mod. Everyone just loves how great this sub has recently become!
/s
fuqem6l in chess on 13 Jun 20 (1pts):
Well you got what you wanted OP. Every mod besides N0sher has now been removed... Hope your happy with how this sub's reputation has been fucked recently.
fuo8w2w in chess on 13 Jun 20 (1pts):
You're thanking him???
fuo7wki in chess on 13 Jun 20 (1pts):
I'm bad at puzzles :(
funjmu2 in biology on 12 Jun 20 (1pts):
Spam.
ftrfc8s in gadgets on 12 Jun 20 (1pts):
I would print food so I don't have to buy groceries or anything.
ftmxijw in Mordhau on 10 Jun 20 (1pts):
Why can't I find the Elizabethian Sabatons??????
ft83r90 in aww on 07 Jun 20 (1pts):
You can get pills for that.

Submissions:

gzcwmf in Steam on 09 Jun 20 (1pts):
Stuck connecting to steam account.
gsiprj in Mordhau on 29 May 20 (1pts):
Is the game dead?
grcx3w in yuumimains on 27 May 20 (1pts):
Better to buy potions at start or save money?
grcne8 in yuumimains on 27 May 20 (1pts):
Can the ADC (or other roles for that matter) hear a voice line when you get on them?
gqpgg6 in medicine on 26 May 20 (1pts):
The position the WMA has on euthanasia is ethically flawed.
gpfubz in leagueoflegends on 24 May 20 (0pts):
Why is league balanced around Vladimir?
gofoq3 in wma on 22 May 20 (0pts):
The position the WMA has on euthanasia is ethically flawed.
gnmmfj in discordapp on 21 May 20 (0pts):
Did hackers get into discord to make all PCs Bitcoin mine for them?
gnmd5c in discordapp on 21 May 20 (1pts):
Discord lagging my connection and won't connect.
gmd1dy in deadbydaylight on 18 May 20 (1pts):
Best bloodwarden build?
gl2hv9 in VictoriaBC on 16 May 20 (1pts):
How can TekSavvy offer faster internet plans than Telus when they use the same line as Telus?
gin6gi in pcmasterrace on 12 May 20 (1pts):
FPS issue.
ge9y5m in gardening on 06 May 20 (1pts):
Where can I buy cloud berry seeds?
ge9ioq in grammar on 06 May 20 (1pts):
They aren't vs they're not?
gdnzr0 in medicine on 05 May 20 (1pts):
Wouldn't it be unethical for hospital workers to go on strike for any reason?
gdjy5m in grammar on 04 May 20 (2pts):
They aren't vs they're not?
gcjp05 in SuicideWatch on 03 May 20 (3pts):
Can it be ethical to be pro choice when it comes to suicide?
gc05xr in deadbydaylight on 02 May 20 (1pts):
Can you activate mettle of man more than once?
gb3z0h in onguardforthee on 30 Apr 20 (1pts):
Looking for a legal case.
gb2oqv in askpsychology on 30 Apr 20 (1pts):
Can someone be both competent and depressed?
ga00vc in SuicideWatch on 29 Apr 20 (1pts):
Ethics of suicide?
g9ys78 in deadbydaylight on 29 Apr 20 (1pts):
What's in the shrine?
g82aps in deadbydaylight on 25 Apr 20 (0pts):
How did trutalent become bald?
g7px16 in Ethics on 25 Apr 20 (1pts):
Is it ethical to prevent people with serious genetic diseases from reproducing?
g6yvbu in onguardforthee on 24 Apr 20 (1pts):
[META] Why do people here seem to dislike metacanada?
g5vpln in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most aoe burst damage?
g5vh7t in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most burst aoe damage?
I'm a bot. My home is at /CommentRemovalChecker - check if your posts have been removed! (How to use)
Help us expose and stand up to social media bias and censorship!
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

Removed comments/submissions for /u/JoeyBobBillie

Hi JoeyBobBillie, you're not shadowbanned, but 45 of your most recent 200 comments/submissions were removed (either automatically or by human moderators).

Comments:

fvlu8yn in MathHelp on 22 Jun 20 (1pts):
Did he get the math right?
fvh6na0 in science on 20 Jun 20 (1pts):
Are you mentioning confidence intervals? If it's above 0.1 you could argue it's statistically significant.
fvh5kb6 in science on 20 Jun 20 (1pts):
Not really. Know of plenty of people who got philosophy degrees and then had to go back to school since they couldn't find work.
fvf4s6y in science on 20 Jun 20 (1pts):
We don't need more research to tell us that people gathering in populated areas increases their likelihood of getting an infectious disease.
fvbflmf in CanadianForces on 19 Jun 20 (1pts):
Isn't the point of something being guaranteed that it doesn't go away in bad circumstances? Of course it's going to be available if everything in the world is perfect.
fv60ini in worldnews on 17 Jun 20 (1pts):
Leaving porn on your browsing history is kinda stupid...
fuzmwnx in veganfitness on 16 Jun 20 (1pts):
You don't need to be vegan if you're super skinny...
fuzls7z in gifs on 16 Jun 20 (1pts):
Do you not realize how lava lamps are made?
fuzfkcq in aww on 16 Jun 20 (1pts):
Or dad is dead.
fuqgyih in chess on 13 Jun 20 (1pts):
Your willingness to remove this in the first place is why you're no longer mod. Mods forget that they're job isn't to uphold rules, it's to maintain a healthy community. Removing a post that most...
fuqfqs1 in chess on 13 Jun 20 (1pts):
You got your wish it seems. N0sher is now the only mod. Everyone just loves how great this sub has recently become!
/s
fuqem6l in chess on 13 Jun 20 (1pts):
Well you got what you wanted OP. Every mod besides N0sher has now been removed... Hope your happy with how this sub's reputation has been fucked recently.
fuo8w2w in chess on 13 Jun 20 (1pts):
You're thanking him???
fuo7wki in chess on 13 Jun 20 (1pts):
I'm bad at puzzles :(
funjmu2 in biology on 12 Jun 20 (1pts):
Spam.
ftrfc8s in gadgets on 12 Jun 20 (1pts):
I would print food so I don't have to buy groceries or anything.
ftmxijw in Mordhau on 10 Jun 20 (1pts):
Why can't I find the Elizabethian Sabatons??????
ft83r90 in aww on 07 Jun 20 (1pts):
You can get pills for that.

Submissions:

gzcwmf in Steam on 09 Jun 20 (1pts):
Stuck connecting to steam account.
gsiprj in Mordhau on 29 May 20 (1pts):
Is the game dead?
grcx3w in yuumimains on 27 May 20 (1pts):
Better to buy potions at start or save money?
grcne8 in yuumimains on 27 May 20 (1pts):
Can the ADC (or other roles for that matter) hear a voice line when you get on them?
gqpgg6 in medicine on 26 May 20 (1pts):
The position the WMA has on euthanasia is ethically flawed.
gpfubz in leagueoflegends on 24 May 20 (0pts):
Why is league balanced around Vladimir?
gofoq3 in wma on 22 May 20 (0pts):
The position the WMA has on euthanasia is ethically flawed.
gnmmfj in discordapp on 21 May 20 (0pts):
Did hackers get into discord to make all PCs Bitcoin mine for them?
gnmd5c in discordapp on 21 May 20 (1pts):
Discord lagging my connection and won't connect.
gmd1dy in deadbydaylight on 18 May 20 (1pts):
Best bloodwarden build?
gl2hv9 in VictoriaBC on 16 May 20 (1pts):
How can TekSavvy offer faster internet plans than Telus when they use the same line as Telus?
gin6gi in pcmasterrace on 12 May 20 (1pts):
FPS issue.
ge9y5m in gardening on 06 May 20 (1pts):
Where can I buy cloud berry seeds?
ge9ioq in grammar on 06 May 20 (1pts):
They aren't vs they're not?
gdnzr0 in medicine on 05 May 20 (1pts):
Wouldn't it be unethical for hospital workers to go on strike for any reason?
gdjy5m in grammar on 04 May 20 (2pts):
They aren't vs they're not?
gcjp05 in SuicideWatch on 03 May 20 (3pts):
Can it be ethical to be pro choice when it comes to suicide?
gc05xr in deadbydaylight on 02 May 20 (1pts):
Can you activate mettle of man more than once?
gb3z0h in onguardforthee on 30 Apr 20 (1pts):
Looking for a legal case.
gb2oqv in askpsychology on 30 Apr 20 (1pts):
Can someone be both competent and depressed?
ga00vc in SuicideWatch on 29 Apr 20 (1pts):
Ethics of suicide?
g9ys78 in deadbydaylight on 29 Apr 20 (1pts):
What's in the shrine?
g82aps in deadbydaylight on 25 Apr 20 (0pts):
How did trutalent become bald?
g7px16 in Ethics on 25 Apr 20 (1pts):
Is it ethical to prevent people with serious genetic diseases from reproducing?
g6yvbu in onguardforthee on 24 Apr 20 (1pts):
[META] Why do people here seem to dislike metacanada?
g5vpln in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most aoe burst damage?
g5vh7t in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most burst aoe damage?
I'm a bot. My home is at /CommentRemovalChecker - check if your posts have been removed! (How to use)
Help us expose and stand up to social media bias and censorship!
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

Removed comments/submissions for /u/JoeyBobBillie

Hi JoeyBobBillie, you're not shadowbanned, but 51 of your most recent 200 comments/submissions were removed (either automatically or by human moderators).

Comments:

fv60ini in worldnews on 17 Jun 20 (1pts):
Leaving porn on your browsing history is kinda stupid...
fuzmwnx in veganfitness on 16 Jun 20 (1pts):
You don't need to be vegan if you're super skinny...
fuzls7z in gifs on 16 Jun 20 (1pts):
Do you not realize how lava lamps are made?
fuzfkcq in aww on 16 Jun 20 (1pts):
Or dad is dead.
fuqgyih in chess on 13 Jun 20 (1pts):
Your willingness to remove this in the first place is why you're no longer mod. Mods forget that they're job isn't to uphold rules, it's to maintain a healthy community. Removing a post that most...
fuqfqs1 in chess on 13 Jun 20 (1pts):
You got your wish it seems. N0sher is now the only mod. Everyone just loves how great this sub has recently become!
/s
fuqem6l in chess on 13 Jun 20 (1pts):
Well you got what you wanted OP. Every mod besides N0sher has now been removed... Hope your happy with how this sub's reputation has been fucked recently.
fuo8w2w in chess on 13 Jun 20 (1pts):
You're thanking him???
fuo7wki in chess on 13 Jun 20 (1pts):
I'm bad at puzzles :(
funjmu2 in biology on 12 Jun 20 (1pts):
Spam.
ftrfc8s in gadgets on 12 Jun 20 (1pts):
I would print food so I don't have to buy groceries or anything.
ftmxijw in Mordhau on 10 Jun 20 (1pts):
Why can't I find the Elizabethian Sabatons??????
ft83r90 in aww on 07 Jun 20 (1pts):
You can get pills for that.
fszuq9q in pics on 05 Jun 20 (1pts):
You mean less lethal bullet? Because a less than lethal bullet isn't lethal (it's less than lethal...).
fsy3we6 in worldnews on 05 Jun 20 (1pts):
Almost no 10 year old can consent. Consent requires capacity.
fswk8g6 in Mordhau on 04 Jun 20 (1pts):
What if iron company is full?
fsvosf8 in pics on 04 Jun 20 (1pts):
This isn't Facebook.
fsvnqus in gifs on 04 Jun 20 (1pts):
If your not even paid a living wage you don't really have time to worry about the community.
fsvjn56 in biology on 04 Jun 20 (1pts):
Genes.
fslvjtn in todayilearned on 02 Jun 20 (1pts):
You do realize this is how private health care works right? I don't see how this is surprising.
fs9jaft in UpliftingNews on 30 May 20 (1pts):
So they can get away with looting and destroying businesses?
fs9iu9d in SuicideWatch on 30 May 20 (1pts):
I some (I'd argue many) don't need lots of money to enjoy life and be happy
Why do you feel that you need money to enjoy life?
fs4sh1x in iamatotalpieceofshit on 28 May 20 (1pts):
woooosh
fs2dg2p in pcgaming on 28 May 20 (1pts):
This aged poorly.

Submissions:

gzcwmf in Steam on 09 Jun 20 (1pts):
Stuck connecting to steam account.
gsiprj in Mordhau on 29 May 20 (1pts):
Is the game dead?
grcx3w in yuumimains on 27 May 20 (1pts):
Better to buy potions at start or save money?
grcne8 in yuumimains on 27 May 20 (1pts):
Can the ADC (or other roles for that matter) hear a voice line when you get on them?
gqpgg6 in medicine on 26 May 20 (1pts):
The position the WMA has on euthanasia is ethically flawed.
gpfubz in leagueoflegends on 24 May 20 (0pts):
Why is league balanced around Vladimir?
gofoq3 in wma on 22 May 20 (0pts):
The position the WMA has on euthanasia is ethically flawed.
gnmmfj in discordapp on 21 May 20 (0pts):
Did hackers get into discord to make all PCs Bitcoin mine for them?
gnmd5c in discordapp on 21 May 20 (1pts):
Discord lagging my connection and won't connect.
gmd1dy in deadbydaylight on 18 May 20 (1pts):
Best bloodwarden build?
gl2hv9 in VictoriaBC on 16 May 20 (1pts):
How can TekSavvy offer faster internet plans than Telus when they use the same line as Telus?
gin6gi in pcmasterrace on 12 May 20 (1pts):
FPS issue.
ge9y5m in gardening on 06 May 20 (1pts):
Where can I buy cloud berry seeds?
ge9ioq in grammar on 06 May 20 (1pts):
They aren't vs they're not?
gdnzr0 in medicine on 05 May 20 (1pts):
Wouldn't it be unethical for hospital workers to go on strike for any reason?
gdjy5m in grammar on 04 May 20 (2pts):
They aren't vs they're not?
gcjp05 in SuicideWatch on 03 May 20 (3pts):
Can it be ethical to be pro choice when it comes to suicide?
gc05xr in deadbydaylight on 02 May 20 (1pts):
Can you activate mettle of man more than once?
gb3z0h in onguardforthee on 30 Apr 20 (1pts):
Looking for a legal case.
gb2oqv in askpsychology on 30 Apr 20 (1pts):
Can someone be both competent and depressed?
ga00vc in SuicideWatch on 29 Apr 20 (1pts):
Ethics of suicide?
g9ys78 in deadbydaylight on 29 Apr 20 (1pts):
What's in the shrine?
g82aps in deadbydaylight on 25 Apr 20 (0pts):
How did trutalent become bald?
g7px16 in Ethics on 25 Apr 20 (1pts):
Is it ethical to prevent people with serious genetic diseases from reproducing?
g6yvbu in onguardforthee on 24 Apr 20 (1pts):
[META] Why do people here seem to dislike metacanada?
g5vpln in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most aoe burst damage?
g5vh7t in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most burst aoe damage?
I'm a bot. My home is at /CommentRemovalChecker - check if your posts have been removed! (How to use)
Help us expose and stand up to social media bias and censorship!
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

Removed comments/submissions for /u/JoeyBobBillie

Hi JoeyBobBillie, you're not shadowbanned, but 49 of your most recent 200 comments/submissions were removed (either automatically or by human moderators).

Comments:

fuqgyih in chess on 13 Jun 20 (1pts):
Your willingness to remove this in the first place is why you're no longer mod. Mods forget that they're job isn't to uphold rules, it's to maintain a healthy community. Removing a post that most...
fuqfqs1 in chess on 13 Jun 20 (1pts):
You got your wish it seems. N0sher is now the only mod. Everyone just loves how great this sub has recently become!
/s
fuqem6l in chess on 13 Jun 20 (1pts):
Well you got what you wanted OP. Every mod besides N0sher has now been removed... Hope your happy with how this sub's reputation has been fucked recently.
fuo8w2w in chess on 13 Jun 20 (1pts):
You're thanking him???
fuo7wki in chess on 13 Jun 20 (1pts):
I'm bad at puzzles :(
funjmu2 in biology on 12 Jun 20 (1pts):
Spam.
ftrfc8s in gadgets on 12 Jun 20 (1pts):
I would print food so I don't have to buy groceries or anything.
ftmxijw in Mordhau on 10 Jun 20 (1pts):
Why can't I find the Elizabethian Sabatons??????
ft83r90 in aww on 07 Jun 20 (1pts):
You can get pills for that.
fszuq9q in pics on 05 Jun 20 (1pts):
You mean less lethal bullet? Because a less than lethal bullet isn't lethal (it's less than lethal...).
fsy3we6 in worldnews on 05 Jun 20 (1pts):
Almost no 10 year old can consent. Consent requires capacity.
fswk8g6 in Mordhau on 04 Jun 20 (1pts):
What if iron company is full?
fsvosf8 in pics on 04 Jun 20 (1pts):
This isn't Facebook.
fsvnqus in gifs on 04 Jun 20 (1pts):
If your not even paid a living wage you don't really have time to worry about the community.
fsvjn56 in biology on 04 Jun 20 (1pts):
Genes.
fslvjtn in todayilearned on 02 Jun 20 (1pts):
You do realize this is how private health care works right? I don't see how this is surprising.
fs9jaft in UpliftingNews on 30 May 20 (1pts):
So they can get away with looting and destroying businesses?
fs9iu9d in SuicideWatch on 30 May 20 (1pts):
I some (I'd argue many) don't need lots of money to enjoy life and be happy
Why do you feel that you need money to enjoy life?
fs4sh1x in iamatotalpieceofshit on 28 May 20 (1pts):
woooosh
fs2dg2p in pcgaming on 28 May 20 (1pts):
This aged poorly.

Submissions:

gzcwmf in Steam on 09 Jun 20 (1pts):
Stuck connecting to steam account.
gsiprj in Mordhau on 29 May 20 (1pts):
Is the game dead?
grcx3w in yuumimains on 27 May 20 (1pts):
Better to buy potions at start or save money?
grcne8 in yuumimains on 27 May 20 (1pts):
Can the ADC (or other roles for that matter) hear a voice line when you get on them?
gqpgg6 in medicine on 26 May 20 (1pts):
The position the WMA has on euthanasia is ethically flawed.
gpfubz in leagueoflegends on 24 May 20 (0pts):
Why is league balanced around Vladimir?
gofoq3 in wma on 22 May 20 (0pts):
The position the WMA has on euthanasia is ethically flawed.
gnmmfj in discordapp on 21 May 20 (0pts):
Did hackers get into discord to make all PCs Bitcoin mine for them?
gnmd5c in discordapp on 21 May 20 (1pts):
Discord lagging my connection and won't connect.
gmd1dy in deadbydaylight on 18 May 20 (1pts):
Best bloodwarden build?
gl2hv9 in VictoriaBC on 16 May 20 (1pts):
How can TekSavvy offer faster internet plans than Telus when they use the same line as Telus?
gin6gi in pcmasterrace on 12 May 20 (1pts):
FPS issue.
ge9y5m in gardening on 06 May 20 (1pts):
Where can I buy cloud berry seeds?
ge9ioq in grammar on 06 May 20 (1pts):
They aren't vs they're not?
gdnzr0 in medicine on 05 May 20 (1pts):
Wouldn't it be unethical for hospital workers to go on strike for any reason?
gdjy5m in grammar on 04 May 20 (2pts):
They aren't vs they're not?
gcjp05 in SuicideWatch on 03 May 20 (3pts):
Can it be ethical to be pro choice when it comes to suicide?
gc05xr in deadbydaylight on 02 May 20 (1pts):
Can you activate mettle of man more than once?
gb3z0h in onguardforthee on 30 Apr 20 (1pts):
Looking for a legal case.
gb2oqv in askpsychology on 30 Apr 20 (1pts):
Can someone be both competent and depressed?
ga00vc in SuicideWatch on 29 Apr 20 (1pts):
Ethics of suicide?
g9ys78 in deadbydaylight on 29 Apr 20 (1pts):
What's in the shrine?
g82aps in deadbydaylight on 25 Apr 20 (0pts):
How did trutalent become bald?
g7px16 in Ethics on 25 Apr 20 (1pts):
Is it ethical to prevent people with serious genetic diseases from reproducing?
g6yvbu in onguardforthee on 24 Apr 20 (1pts):
[META] Why do people here seem to dislike metacanada?
g5vpln in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most aoe burst damage?
g5vh7t in leagueoflegends on 22 Apr 20 (1pts):
What champion can do the most burst aoe damage?
g4nd5l in whowouldwin on 20 Apr 20 (1pts):
Upvote vs downvote?
g26bfu in VictoriaBC on 16 Apr 20 (0pts):
Is Fujiyama closed because of the virus?
I'm a bot. My home is at /CommentRemovalChecker - check if your posts have been removed! (How to use)
Help us expose and stand up to social media bias and censorship!
submitted by MarkdownShadowBot to CommentRemovalChecker [link] [comments]

Pi Network! This golden project is an opportunity.

  1. What is Pi Network?
Pi Network is a virtual currency that can only be mined or mined on a phone, but does not consume device resources like other free mining applications. Previously Pi Network could include mining applications such as Electroneum (ETN), but this application consumes your device resources to decode the algorithm (Electroneum uses cryptonight algorithm). With Pi Network, when you dig coins will feel the device does not heat up. In addition, you can also turn off the application or turn off the network and still be able to mine coins every 24 hours.

Note:

Pi Network is still in BETA. The project is still in progress which means that there will still be errors and some details of the project are still changing. While many cryptocurrency projects start from pure theory, Pi Network seeks to balance theory with design and people-centered (or experiment with real people to best meet their needs). ). The project appreciates your patience and welcomes your input as we work together to develop products that best meet community needs. Pi does NOT give you free money. This is a long-term project whose success depends on the common contribution of its members. Pi helps people capture economic value, which is held by banks, technology giants (e.g. Facebook, Amazon) and other intermediaries. Pi depends on the contribution of the members. Therefore Pi NetWork is not suitable for those who want to make money quickly.

2. Is Pi Network scam?

Pi is not a hoax. This is an attempt by a group of Stanford University alumni to spread the cryptocurrency to more people. Pi Network's core team is led by two Stanford PhDs and one Stanford MBA, all of which help build the blockchain community at Stanford. There is no guarantee that the project will succeed. However, Pi Network will work hard to make common dreams a reality, while upholding the highest standards of transparency. You can learn more about Pi's core team on the app, or simply by typing these people 's names into the Google search page:
- Nicolas Kokkalis: Head of Technology
- Department Chengdiao Fan: Vincent
- McPhillip Product Manager: Community Manager
📷
https://preview.redd.it/rozcs5h1p4351.png?width=710&format=png&auto=webp&s=c5952d879514c33e643958aab8d5ca5ae382ba41

3. How to make money with Pi Network?

How to exploit Pi
Pi Network does not call you to invest or do anything. Your job is very simple, you just need to have a phone, download the Pi Network app and create an account, press the Start button daily and the PI digging will take place even if your computer is not connected to the internet . You also do not need to open the active application. Pi does not affect your phone performance, does not drain your battery or use your network data. To start earning Pi, check the app every 24 hours and press the lightning button to start mining. You can increase your hourly Pi rate by inviting friends and family to join the community. After 3 days of exploitation, you can increase your income even more by building your security circle, which contributes to the overall security of the network. And remember, veterans of the network have a higher rate of extraction than the members who come after them.
Why are veteran members exploiting more?
Pi's goal is to become a widely distributed and widely used electronic currency in the world. To achieve that goal, Pi encourages members to contribute early to ensure the success of the project (eg network protection and development). To reflect the importance of early contributions, the rate of extraction decreases as more people join the network. At this point, the base mining rate will be halved every time the number of active users increases by 10 times. This ratio will be reduced to zero when the network reaches a certain number of users (for example, 10 million or 100 million). At the time, like Bitcoin, miners would continue to receive rewards with transaction fees, rather than being rewarded with new coins.
What is the Pi Network security circle?
The security circle is a group of 3-5 trusted people built by each Pi member, to prevent fraudulent transactions. While cryptocurrencies like Bitcoin secure their ledgers by forcing mining companies to burn energy (proof of work), Pi still guarantees its ledger when members of the network prove trust with each other. Pi contributors guarantee each other by building up security groups of 3-5 members whom they deem reliable. The security circle should include people you trust not to make fraudulent transactions. The cyber security circles form a global trust chart to determine who can trust to conduct transactions on the Pi ledger.
https://preview.redd.it/rmekfcizo4351.png?width=710&format=png&auto=webp&s=92a054233ec9c1844b32c24b0a06d0a47e9302b1

4. What is the Pi price?

Pi is worth approximately 0 dollars / euro. Yes! If the price is $ 0, then we dig PI do? Also you wonder when PIs will be valuable? While everyone thinks that PIs are not valuable and do not participate, just like when BITCOIN 2008 had no value. If you are a PI holder PI holders have two options to convert PIs into cash:
- Buy goods and services directly with your Pi. Pi Network is building a peer-to-peer market where members can directly spend Pi to buy goods and services. Pi Network aims to start a bank transfer test in its application immediately after Q42019.
- Exchange Pi for cash on cryptocurrency exchanges. Pi will be able to be traded during Phase 3 of the project (such as when launching the Mainnet). At that time, exchanges may choose to list Pi. At this point, Pi's core team focuses on implementing the right technical roadmap to reach phase 3.
(I still remember in 2015, in MMO communities, competing to receive free coins called Raiblocks (XRB) by typing captcha, each type of such a lot of XRB, it can be said that the day that XRB has no price value, almost 0. Later in early 2018 when Raiblocks changed its name to NANO project, the peak of 1 NANO coin reached 34 USD, sweeping away the dream of millionaires of MMO people, because at XRB, they sell very cheaply for each other. You can refer to the NANO price chart below)
https://preview.redd.it/r8rll5eyo4351.png?width=710&format=png&auto=webp&s=235368ab0b53c5e1b09c2c88bd13e345ae26eaae

5. Download the Pi Network application

Pi Network currently supports both Android and iOS operating systems, you can access the Google Play app for Android or App Store for iOS and search by keyword "Pi Network" or click directly at the following link:
https://minepi.com/150791

6. Create an account and dig Pi

Step 1: After downloading the application, you open the application to register for Pi Network account

https://preview.redd.it/n74m2cbxo4351.png?width=640&format=png&auto=webp&s=33dd4f81f6cb952c065457dc1d3d53a20df739bd
In this step you can optionally register your account with Facebook or your phone number. However, you should choose the phone number to make it easier to authenticate your Pi Network account later. Choose your location, enter your phone number and click Go.

https://preview.redd.it/tkh0yo2wo4351.png?width=640&format=png&auto=webp&s=341f067a7269a5b0bc7eb9d04698d8950c06dbff
Then you enter the password and confirm the password. Note that the password must have uppercase characters, special characters like! @ # $% Or your number. Done, click Submit

https://preview.redd.it/pmp9dzjto4351.png?width=640&format=png&auto=webp&s=8712183677f5356ac79fd279e98de4e291e893c7
Then enter the First Name and Last Name.

https://preview.redd.it/f5auh8dso4351.png?width=640&format=png&auto=webp&s=e26c5c9b15548beb0edcbd4df2ac22d27a548405
Finally, the Username (this is the name for me to log into the Pi Network application, don't forget this). After filling all information, click Submit to move to the final step. In this last step, you enter the referral code is @ Leviet74 (this is my code). However, you can enter anyone's referral code. But when entering my code, I am very thankful and if there is any problem that needs support I will be very enthusiastic.
So you have completed the Pi Network registration, now you just leave it to receive coins daily, or go referrals to others to earn more Pi.

https://preview.redd.it/2gio8gxqo4351.png?width=640&format=png&auto=webp&s=1682a4a32e54c60db542699b53bbb5287fa5a8bd
Guide to dig Pi

https://preview.redd.it/1ftbk7qpo4351.png?width=640&format=png&auto=webp&s=2e3af6d16e7a47535957387e8e409bbca4d72d0c
Click Get Started and click on the lightning image to start digging PI.

https://preview.redd.it/70q1n5poo4351.png?width=640&format=png&auto=webp&s=a0c0dc927027d7ad4c1999b4ae9c9a5daf9b6896
The amount of Pi you mine per hour is shown in the Ambassador section. If your lower members mine Pi, you will receive (25% x 0.39pi x the number of people). However, if they are not online for more than 1 day, you will not receive Pi from them, so you press Ping Inactive to push them to notify the application access.

https://preview.redd.it/ptu36tmmo4351.png?width=640&format=png&auto=webp&s=bb70cc8e19ecdb9ccbaa36e5ee52be6dcc68e842
Add people to the security circle
After 3 days of digging Pi, you will open a security circle, what it is, please read the above article, here you can add acquaintances to dig more Pi together.

https://preview.redd.it/84bnhfbjo4351.png?width=710&format=png&auto=webp&s=b8aa75b135d4cf00d75a6f23ad1933cdead901d9
Verify Pi Network account
You need to verify your account so that stage 4 of the project can be withdrawn. To verify Pi Network, access Profile and select Verify as shown:

https://preview.redd.it/h6pkp9tgo4351.png?width=640&format=png&auto=webp&s=5c0a2677b7bed0d39a75a1e825449f4b4503c990
There are two options for verifying your account: getting a verification code (only applicable to the US and Canada) or sending a message to Pi Network. You will have to use option 2 and press Start.
https://preview.redd.it/woyptgmeo4351.png?width=640&format=png&auto=webp&s=d67d1b01deb51d038c1411177a1dd7e0274dfd4e
Then click Open SMS to let Pi Network compose a message to send a 4-digit code.

https://preview.redd.it/ohu1d19ao4351.png?width=710&format=png&auto=webp&s=7a1c8a726b5938280a58f1343feb73223b02ba66
Note that Pi will generate 4-digit code itself, you do not edit anything and just click Submit.
https://preview.redd.it/orymp2vzn4351.png?width=710&format=png&auto=webp&s=c0002a9841fbc4db8ed5a3a040d1ddbd71500e14
If the Pi application verifies that you have successfully verified your account.

7. How to draw Pi?

You cannot withdraw the Pi. You will be able to withdraw Pi or exchange Pi for other currencies during Phase 3 of the project, when Pi switches to a completely decentralized blockchain. Phase 1 of Project Pi is on March 14, 2019 (Pi Day). In Stage 1, your balance is being recorded to wait for the day Pi reaches the mainnet (Phase 3). The transfer or withdrawal of Pi is restricted until the mainnet launch, to prevent fraudulent actions, such as clone users to dig Pi, then transfer Pi to another account and legalize the process. verify your account and use that nefarious Pi number.

8. Should you dig Pi on multiple phones?

No, you SHOULD NOT dig PI on many devices. Pi Network adheres to a strict rule, meaning that only one account can be used per person. Pi Network uses a multi-pronged strategy to ensure that fake accounts cannot exploit Pi
First, the Pi network uses Google Recaptcha v3 to know which devices are operated by humans or robots. (This technology is completely invisible to most users, because they are real people, but robots can see the captcha if the google algorithm captures them.) Over time, Pi Network is developing a machine learning algorithm based on actual user exploitation behavior to predict bots.
Second, the Pi consensus algorithm (security circle) makes it easy to detect fake accounts. The fake account will not have enough real people to link to them through the security circle. Thus fake accounts will have less linkage with the rest of the network. This anomaly is easy to detect with computer algorithms.
Finally, when Pi enters Stage 3 and 4 - Mainnet, only authenticated accounts can exist. Buy

9. Where to buy and sell Pi?

Currently, there is only 1 exchange, AACoin listed PI (https://www.aacoin.com/trade/PI\_USDT) in the form of short purchase and sale, meaning that they buy and sell PI but do not actually own any PI. Because PIs have not been withdrawn until entering phase 3 (mainnet), all PI trading platforms are fraudulent. The Pi Core team also issued a warning. In addition, users should not buy and sell Pi transactions on the black market through the sale of accounts, because all of us have not been able to price Pi, so there are many potential risks.
https://preview.redd.it/d6lzfxfxn4351.png?width=710&format=png&auto=webp&s=c61ce72af1a56af4367c32b441ddfe25b9462a30
submitted by thanhbkpr to u/thanhbkpr [link] [comments]

Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes

[The original post was censored in the the paidshill Dash pumping sub Dashpay, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed.] ​
Disappointments
In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status.
In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added.
In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks.
In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations.
In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'.
In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken.

Boondoggles
In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains.
In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results.
In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status.
In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it.

Scandals
In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers.
In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune.
In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc.
In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation.
In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype.
In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications.

Disasters
In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats.
In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all.
In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release).

Catastrophes
In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs).
In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend).
In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened).
In 2018, Evolution was not here by NYE (not even an alpha version of a testnet).
In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable.

Analysis
Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16.
Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price.
Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal.
Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet.
Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met.
That deadline was midnight Dec 31, 2018.
Now it's the first morning of 2019 and Evolution is nowhere to be seen.
Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate."
Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates.
Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12.
No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table.

Dash in 2018 through the eyes of Reddit's most popular crypto sub
January 2018
Congratulations: Dash out of top 10
https://np.reddit.com/CryptoCurrency/comments/7oq515/congratulations_dash_out_of_top_10/
One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful.
Evidence for all your downvoters:
https://www.youtube.com/watch?v=xBxbiH_Mg44
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae
https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside
Today is a good day.
Best comment: "replaced by Tron... oh the irony".

December 2018
KFC Venezuela denies accepting dash as a form of payment
https://np.reddit.com/CryptoCurrency/comments/a56a4e/kfc_venezuela_denies_accepting_dash_as_a_form_of/
** Hi guys, check this news
https://translate.google.com/translate?hl=es&sl=es&tl=en&u=https%3A%2F%2Fwww.criptonoticias.com%2Fsucesos%2Fkfc-venezuela-desmiente-acepte-dash-como-forma-pago%2F
https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/discussions-in-place-for-dash-to-be-accepted-at-kfc-venezuela/#18baf92c5d38
https://twitter.com/dashmerchant/status/1072327769068052481
Top comment: "Yeah, more bullshit from Dash."

**December 24
Dash doesn't actually look like it is being utilised by Venezuelans. Have a look.
https://np.reddit.com/CryptoCurrency/comments/a96i3y/dash_doesnt_actually_look_like_it_is_being/
https://youtu.be/4tKvqj3U3O0
Most controversial comment: "I dont see how people dont get it. If you cant pay for food, you would invest what little you have into something as risky as crypto ? It is easy to judge from our POV but In reality, most would rather feed their familiy then look for ways to invest in some startup."

Conclusion
The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis.
Note: The repost is shared here. The original has been censored from Dashpay. https://np.reddit.com/DashUncensored/comments/abvewf/dash_in_2018_disappointments_boondoggles_scandals/
[Dash is such a terrible scam that it needs its own uncensored sub to discuss happenings without incurring the wrath of the MNO and the Dash ponzi leadership/Evan/Amanda. I honestly believe crypto must weed out these ponzi like operations before we can move forward as a collective group]

submitted by tellmesay to CryptoCurrency [link] [comments]

Fundamental Analysis: Decred (DCR)

Fundamental Analysis: Decred (DCR)
There are many reviews which in my opinion are often mostly biased (sponsored or website content). This post is my unbiased attempt to explain you Decred project and convince you why Decred is one of the few cryptocurrencies that continues to uphold the decentralised nature of the initial idea.
https://preview.redd.it/g6vnvveabg321.png?width=3438&format=png&auto=webp&s=ab90cd1c3a167b35d6515382a2e3418499947d9c

Problem to Solve

Decred is an open-source decentralised cryptocurrency that is primarily concerned with ensuring community input is consistently valued by utilising an open governance model which is supported by sustainable financing for project development. Such a philosophy was born out of Bitcoin pioneers, specifically the engineers of the widely adopted btcsuite, becoming frustrated with the inefficient and unfair means by which updates to the Bitcoin protocol were being implemented. The Decred founders saw weakness in this approach and believed it could be improved upon by creating a level playing field for both miners and users in order to mutually benefit the network. Thus, Decred is an immutable currency which aims to be a store of value or medium of exchange, much like Bitcoin, whilst placing decentralisation of governance to community participants above the influence of centralised mining corporations and key developers.

Governance

The formation of Decred was a direct consequence of early Bitcoin developers experience with the governance model which was ingrained into the Bitcoin network from its inception. Such a system was designed in a way that placed Bitcoin Core developers and Proof of Work (PoW) miners at the centre of the ecosystem, assigning the majority of power to these large actors, who then had the ability to veto any change to the consensus rules they deemed unprofitable or that did not fit with their vision of the distributed network. Essentially, this gives minimal to no influence to smaller network participants who wish to implement changes they believe to be beneficial to the wider community or the Bitcoin protocol itself. Whilst some might argue that placing power in the hands of the wider community could lead to a dilution of ideas to less experienced parties, the ultimate purpose of a decentralised network is to serve each and every member of its community. Bitcoin has proved otherwise with prolonged disputes occurring between powerful centralised parties whilst ignoring the opinions of the actual users of the network, notably resulting in a contentious chain split which many network participants fundamentally disagreed with as such a move ultimately dilutes the network.

Funding

Bitcoin was funded entirely by donations up until 2014 and today there are no such rewards for developing the open-source protocol. This leaves early developers who likely profited from the exponential price increase of Bitcoin with the freedom to work on the project without the need for financial means, whilst excluding others developers who were late to the ecosystem. There is no system in place where a developer can claim expenses for contributing to the Bitcoin project and thus this excludes a large proportion of highly qualified developers from participating, centralising the power of decision making once more.

Mining

Although the PoW protocol implemented to mint Bitcoin has proven to be incredibly robust over the years, with no majority network takeovers occurring since the project was launched, as the mathematical problems become increasingly more complex the situation may change. This is the result of continuously needing to improve upon already incredibly expensive computational hardware in order to keep pace with mining competitors. In recent years we have seen this effect start to take place, with large centralised corporations such as Bitmain mining a large proportion of the Bitcoin network. As such large corporations continue to profit and grow, making the possibility for over 51% of the network to be mined by one centralised party increasingly more apparent. Ultimately, if achieved this would allow such a centralised authority to censor and implement updates to the bitcoin protocol as they see fit, completely going against the idea of a decentralised, censorship-resistant, immutable currency.

Solution

Governance

In stark contrast to Bitcoin, Decred ensures all stakeholders have the ability to influence decisions regarding the project by allowing them to vote on specific agendas and proposals that will be implemented to the Decred Blockchain. In order to become a Decred stakeholder one must simply own their native token DCR. Such decisions include aspects such as whether the development team should start working on a specific feature or not, whether to deploy a feature which has already been completed and even how to fairly split the development subsidies provided. This governance model allows for an entirely decentralised approach which ensures that no party has considerable influence over any other in the ecosystem. Miners and key developers must respect the decisions made by the stakeholders as they do not possess a majority share of the project. This allows for a more organic growth strategy which is inclusive of all parties constructive concerns and needs. As a result, Decred became the first cryptocurrency to implement changes to their Blockchain based on an automatic user voting approval in June 2017. Moreover, utilising this community-driven approach has allowed Decred to implement consensus changes much quicker than most other Blockchains, specifically Bitcoin’s, supporting the Lightning Network before Bitcoin and allowing a transaction to expire after a set period of time in order to keep avoid Blockchain bloat. Ultimately, Decred’s governance model is far more just than Bitcoin’s, allowing all stakeholders to have their voices heard and not ignored, creating a fairer ecosystem where everyone who is invested in the project can participate or affect the direction of future developments.

Funding

Uniquely, Decred’s Blockchain assigns a portion of miner fees to a development treasury which is distributed accordingly to those who wish to contribute to the project. This decentralised funding model allows anyone with an idea to contribute to the project by simply submitting a proposal and then if that idea is implemented they will be rewarded for their work. Such an approach is fundamentally different from most open-source projects, such as Bitcoin, which allow users to submit proposals but do not compensate them for their hard work. Instead, simply allowing one to build prestige in the developer community off the back of successful work. This opens the doors to a much larger pool of talent than possible with most unpaid open-source projects which simply cost those who do not have the means to work for free out of the market. Moreover, individuals can produce work which is not necessarily computer science-based, instead, they can apply more general skills such as marketing to help the project flourish and still receive compensation for work. Ultimately, business decisions will be decentralised amongst the wider community who support the project, distributing the power of decision making to a diverse set of individuals, avoiding centralisation of authority at all costs.

Funding

From the offset, Decred insured that their innovative hybridised consensus system was fair for both miners and stakeholders. This is why they choose to implement Proof of Activity (PoA), which involves a balance between both Proof of Work (PoW) and Proof of Stake (PoS) consensus algorithms. To this end, they have allocated 60% of the block reward to PoW miners, who serve the same purpose as in Bitcoin, 30% of the block reward for PoS voters, who keep check of PoW miners and can vote on important decisions and 10% to the treasury to incentivise the community to participate in project development. Typically PoW miners need to have spent a considerable amount of money on computational infrastructure and exert extreme control over a network, by introducing PoS additionally, network participants with much less financial means are able to keep a check on the work that the PoW miners are carrying out. This dilutes power from the PoW miners to PoS workers and decreases the likelihood of any network takeovers occurring as a result. Ultimately, Decred ensures that via a distributed mining consensus mechanism those who usually yield considerable power by owning expensive infrastructure cannot take over the majority of the network, whilst allowing individuals to participate in the project without needing excessive funds.

Catalysts

Community-Driven: The underlying strength of Decred lies in its commitment to ensuring the community has a strong influence over all aspects of the development of the project, whether that be allowing all stakeholders to vote on implementations to the protocol or supporting those in the community who wish to promote the project. This strategy ensures a diverse set of opinions are accounted for, and that a few large actors cannot control the direction of project development.
Team Of Pioneers: The team behind the project were the engineers behind btcsuite, a well regarded open-source project made for Bitcoin which has now been adopted by many other cryptocurrency projects. As some of the key members in the development of Bitcoin, they possess a true understanding of the successes and failures of the project. Thus, Decred takes a unique community-driven approach to achieve true decentralisation rarely seen elsewhere in the industry.

Risk Factors

Competing With A Titan: Ultimately, if Decred wants to see wide adoption then it has to draw from the community of Bitcoin, this is no easy task but may become easier with time as people begin to realise how centralised the decision making of Bitcoin has become since it’s inception. A large-scale event such as Bitmain taking over more than 51% of the Bitcoin mining activity could spark this realisation.
Belief In Your Community: As decred is community driven, the ultimate direction of the project is driven by who participates. This cannot be controlled, stopped or censored which is the essence of decentralisation. Whilst this is appealing to many early adopters within the cryptocurrency ecosystem, those who invest in the project moving forward must have belief in their fellow community members as well as the underlying fundamentals of the project itself. Despite this, it is difficult to question the direction the community has driven the project so far.

Conclusion

In a market where centralisation of power seems to be becoming an ever more prevalent force, Decred appears to be one of the few cryptocurrencies that continues to uphold the decentralised nature of the initial idea. By allowing members of the community to participate in the project in various ways including voting, mining and paid work contributions, Decred has created a vibrant community of incredibly knowledgeable and talented individuals avoiding the need for a centralised decision maker. Such a diverse set of opinions has allowed the project to quietly flourish, implementing changes to the Decred protocol much quicker than when centralised actors determine the direction of a project. This is true decentralisation in action. Thus, if the project can continue on its current trajectory whilst Bitcoin continues to become more centralised, it could become a direct competitor. Certainly, one to watch as the market matures.

Please also join this discussion on Decred on Twitter : https://twitter.com/BBODResearch/status/1072118432089415681
submitted by ElainaClayton to decred [link] [comments]

CypherBFT > DPoS and PoS

In the midst of many different consensus mechanisms and promises about transaction throughput, its easy to get lost in what the current Cryptocurrency market offers, and what Cypherium is about to offer. While I am aware of many more variations and alterations of the following consensus mechanisms, most new project are built on either Delegated Proof of Stake, or Proof of Stake. Both of these have inherent issues which Cypherium avoids, these are both technical ones and game theoretic issues.

Delegated Proof of Stake -> In delegated proof of stake, a fixed number of "delegates" work together to verify transaction signatures and write transactions to the Ledger (Eos has 21 delegates, Tron has 29). DPoS is an effort to increase transaction throughput by removing the need for Proof of work mining, and avoiding Proof of Stake due to its inherent issues (nothing-at-stake problem). Instead of using Proof of Works provably fair and secure process of choosing whom gets to create the next block of transactions to the Ledger, and earn the mining rewards, delegates simply verify hash signatures, have their co-delegates do the same, and ultimately write transactions to the ledger.
The one argument all DPoS project use to validate DPoS as a decentralized solution is through bench marking the number of big mining pools in Bitcoin vs the x-amount of delegates. They say that DPoS is more censorship resistance due to the power which a handful of mining pools control within Bitcoins Hash-pool. Their argument is something like; if 3 mining pools control over 51% of the Bitcoin Hashing Power, then having +20 delegates is a more censorship resistant platform by a logarithmic factor of X. This argument has some merit but does not negate the immense power delegates have, and the functionally sound solution of PoW. In terms of functionality, DPoS offers nothing remotely as secure and decentralized as PoW. The one thing keeping delegates from colluding is the fear of being caught and losing out on the newly minted coins they receive each new block.

Proof of Stake -> In PoS, users "stake" their coins on signature verification's being correct (cryptographically verified). In return, they may receive new minted coins as a bounty. It leverages a random selection process in which a random node, which is an eligable node to produce blocks (does this by staking their balance), is selected to create the next block of transactions. The bigger stack of coins, the bigger chance of being selected (generally speaking). While the idea of a Proof of Stake cryptocurrency is very appealing, it's facing difficulties in many aspects. Bitcoin is hard to cheat due to the cost of attack, the only effective way of attacking Bitcoin's network is using a 51% attack (accumulating 51% of the hashing power) and re-writing the blockchain. Proof of Stake does not uphold the same level of security as Proof of Work. The application of economic game theory for the cost of attack, mining/staking rewards, minting process, etc, in combination with technical difficulties and problems like the 'nothing-at-stake' attack, are hurdles which Proof of Stake has not yet overcome. These are security flaws and problems to overcome are the reason Eth 2.0 and ADA are not live with staking yet.

Proof of Stake and Proof of work have additional drawbacks, they are inherently slow in terms of transaction throughput. Bitcoin's effort to improve TPS (Transactions Per Second) is through the Lightning Network and side-chains. Ethereum wants to move over to Proof of Stake and scale it using Sharding.

When Cypherium launches, when it has reached a sufficient hashing power directed at its Proof of Work algorithm, it will have the best scalability-to-security ratio of all Smart Contract Blockchains operating on Proof of Work (AFAIK). Proof of work which is the currently only decentralized consensus protocol with sufficiently tested history of success. Additionally, Cypherium improves security from a 51% attack perspective ( https://medium.com/@cypherium/fighting-against-the-51-attack-ea49adb9d4df ), and delivers scalability. Cypherium will be the first public Blockchain to operate a mainnet using its version of HotStuff, called CypherBFT. In this manner, Cypherium has gained an edge over Ethereum and other similar Cryptocurrencies. Facebook chose to overlook the many products and implementations made by Consensys (for Ethereum). Instead, they chose the development route using HotStuff, a decision made carefully, a decision Cypherium also made a while back.
submitted by Abohlund to Cypherium [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

How To Use Your Bitcoin With BitPay & Uphold Bitcoin váltása dollárra az UPHOLD pénztárcában HELEUM Y HEDGED DE BITCOIN UPHOLD ES LO MISMO ⁉️ QUÉ ES HEDGED DE BITCOIN UPHOLD 7 Faucets para ganar Bitcoin Gratis y retira por UpHold / Bitcoin / Litecoin / Dogecoin

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How To Use Your Bitcoin With BitPay & Uphold

This video is unavailable. Watch Queue Queue. Watch Queue Queue 👉 HELEUM Y HEDGED DE BITCOIN UPHOLD ES LO MISMO 💥SUSCRIBETE AL CANAL: ️http://bit.ly/2tT0PmN #LaCuevaMagica1 #heleum #hedgeddebitcoin 👉 HELEUM Y HEDGED DE BITCOIN UPHOLD ES LO MISMO - Duration: 3:32. La Cueva Mágica 83 views. 3:32 🎓PADRE RICO PADRE POBRE 🎓 6 LECCIONES DE ROBERT KIYOSAKI PARA SER RICO - Duration: 15:53 ... Here I go over a couple alternative ways to use your Bitcoin to purchase ANYTHING. http://Bitpay.com & http://Uphold.com A rövidfilmben megnézheted, hogyan lehet átváltani a bitcont (BTC) amerikai dollárra vagy bármilyen más devizára. A pénzváltás itt nem kerül semmibe. További részletek: www ...

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