"The days of Scamthereum are numbered. Vitalik managed to provide the world with a fundraising scam of epic proportions. On top of that Eth doesn't scale, is cumbersome and inefficient. With @Tokenized_com on #BitcoinSV these issues will be a thing of the past ;) #BSV #Bitcoin"
"The days of Scamthereum are numbered. Vitalik managed to provide the world with a fundraising scam of epic proportions. On top of that Eth doesn't scale, is cumbersome and inefficient. With @Tokenized_com on #BitcoinSV these issues will be a thing of the past ;) #BSV #Bitcoin"
I’ve been in crypto since 2017 investing In Bitcoin, and XRP primarily. I did tons of research on XRP and narrowly missed out on $.005 XRP . I have been looking for a a project that could mirror XRP’s meteoric rise of 37000 % in 2017. Well I believe , I’ve found my winner and it’s VeChain. Below is a simple four bullet point presentation on what I believe is the VeChain value proposition. Really epic use case with massive partnerships, a real world use case and verifiably being used in production currently. VET generates a gas token VTHO as the network scales VTHO will be needed at a much greater scale than it currently is . VET ownership in effect makes you the owner of the gas pump. A rich and growing DAPP universe running on VTHO , examples including HakenAI and EHrT for the Playtable gaming platform. The ability to quickly and easily run a node/X-Node and enjoy greater VTHO production, voting and whitelisting for new IEOs on VeChain with an X-Node. What I would really like to do is have an in-depth discussion on the tokenomics of running an X-Node and should one aspire to leveling up to Moljnir -X status, provided they have the means to do so , is leveling up a good idea ? Right now X-Nodes are selling in the VeThor Collectible Market for between 200k to 300k VET @ current prices that’s between $936 to $1405 USD, a fairly decent amount of money. I’m curious what happens to X-Nodes should VET spike to $.10 or so . Those same nodes if the price in VET remains stable would now be between $20k and $30k USD. The underlying asset to maintain the Node status would be $60k for an X-Node , $160K for a Strength X , $560k for a Thunder X and $1.56 million for a Moljnir X, WOW ! This scenario is just at $.10 , might this level of price lead to a lot of x-Node destruction if VET spectators cash out ? I’m thinking as these numbers happen mostly companies will buy the X-Nodes ,no ?I would love to hear thoughts and insights on the X-Node Tokenomics from the VeFam , just a few random thoughts and a start to the conversation .
I got into Bitcoin in late 2016, attracted to the agoristic idea of anarchist money. Once the fees started to rise, i started researching Ethereum as a potential contender. I became a fan of EOS afterwards when i heard how much of an improvement it might have on Ethereum, and was an EOS early adopter. After becoming disechanted with persistent 5% inflation, talk of UBI, and the first wave of spam related problems, i left EOS and joined Bitcoin Cash. I have been a fan of Bitcoin Cash for a while, years now, however there are some definite problems at play. First of all, no flippening ever happened, showcasing that Proof of Work was not resistant to the government attack of capturing protocol development. There is also DAA, 0-conf, and other problems, along with a culture being ripped apart due to all the problems. And honestly it looks like it has a rough road from here, only to get the success it earns and nothing more. I see renewed hope in AVA for Peer to Peer Electronic Cash. For so many reasons. First of all, its deflationary like Bitcoin. This is necessary in my opinion for a hard money. Small inflation would be okay, but its also a slippery slope to travel. It has the technical capabilities of something like Ethereum, but also like Bitcoin, since it utilized a single coin on multiple blockchains approach. This is necessary if we want to compete with Ethereum. It seems that Bitcoin Cash is facing this same utility crisis, as Ethereum is simply a beefier system utility-wise (maybe not scalability wise though). It seems to be potentially as scalable as lightweight blockchains like EOS and Tron, which honestly is necessary for scaling to the whole world. Plus with sharding and multiple chains on the roadmap, i see potential for near infinite scaling. Just to take a pause here, something with high scalability, high utility, while being deflationary will be the first in the universe of cryptocurrency, i can't think of one other example of something like this. AVA also plans to be one of the most reliable blockchains and payment systems, with <3s confirmation times and future potential for free transactions using Nano-inspired Proof of Work based transactions. And unlike Bitcoin, AVA should never face a security or decentralization crisis towards the end of its coin emission, as Staking is low cost and validators can freely join the system without burdening it to any known significant degree. I honestly don't know what areas of AVA there are to be possibly concerned with. And because the AVA team is transparent and professional, we can probably expect there won't be another infiltration by governments/banks to undermine the project. But if there is, then the REAL users in the network could probably all somewhat easily defend it. And the cherry on top, we get our own Epic. The Epic of Bitcoin was the story of the anonymous mastermind Satoshi Nakamoto, and the Epic of AVA is the anonymous masterminds of Team Rocket. In fact, there is a small possibility these two anonymous groups may have overlap, the mystery is a neverfading excitement for dreamers and enthusiasts to forever wonder. I am proud to be an early adopter for AVA. AVA has real, unprecedented utility, and will be a major crypto holding of mine (possibly the only one if the competitors fail to deliver).
Namecoin and the future of self-sovereign digital identity.
Namecoin's motto is "Bitcoin frees money – Namecoin frees DNS, identities, and other technologies." biolizard89 has done fantastic work on the DNS part, but let's focus on the identity use case here. Recent events have convinced me that digital identity on the internet is broken. Consider:
Twitter hack. Twitter's internal admin tool was compromised by hackers to commandeer ~130 top verified users including Biden, Obama, Buffet, Musk, Bezos, Apple, Uber, etc. to tweet out crypto scams on these users accounts.
GPT-3 is ready for release and will allow bad actors to AstroTurf and control the narrative on social networks for monetary and political gain at massive scale. Also take a peek at /SubSimulatorGPT2/ which is solely populated by GPT bots to get a taste.
ARTBreeder can create user profile images that are indistinguishable from real users.
Deepfakes can twist reality and manipulate faces and voices to turn real actors into puppets promoting false narratives.
What was true in 1993 when cartoonist Peter Steiner wrote "On the internet, nobody knows you are a dog" is still true today. The only difference is that identity is increasingly being weaponized using AI/ML so "On the internet, nobody knows you are a bot" would perhaps be more apt. I read the following comment from a user on slashdot yesterday:
For the time being, you can assume that this comment was written by a human being. You can click on my username, look back at my history of posts, and go, "OK, here's a bunch of posts, by a person, going back more than a decade, to the TIME BEFORE BOTS." That is, before the first year of 2020.
Since humans are likely to adopt the majority opinion, bad actors find real value in being able to control the narrative online by surrounding the reader with manufactured opinions by bots that due to advances in ML/AI are quickly becoming indistinguishable from real users. This amounts to a Sybil attack on the minds of digital content consumers and poses major threat to the integrity of our social fabric. Apart from the recent twitter incident used for scamming, nation states have been known to create massive bot armies of fake and hijacked user accounts to try and shift the narratives regarding the Hong Kong independence protests as well as national elections. This will only increase. Currently, our digital identity is fragmented into silo's largely controlled by government institutions and mega corporations (FAANG) based on a "Trust us" model. As recent events have proven, this is a bad model and in dire need of improvement/replacement. IMHO we need to move from "Trust us" to a "Trust but verify" model where the user is in full control of their digital identity. Namecoin can and should play an important role in building this 'web of trust composed of self-sovereign identities" as it is neutral (no owner), permissionless and secure (merge-mined). Daniel already developed a proof of concept with NameID but what can we do to take this further? Personally I'd like to see users create Namecoin identities and link them to their social identities (e.g. Google, Facebook, Twitter, Reddit, etc). Then whenever they create content, they sign it with their private keys. This would allow a reader to verify the content was created by the user. Content verification would have stopped the recent twitter hack, because even if the hackers would have access to internal admin tools they would not have the private keys that the users produce valid content with. "Not your keys, not your content" Content verification is only one part. Ideally a user would like to verify the integrity of the content creator as well. E.g. has this user passed human verification in any of the linked platforms? Does a trusted linked entity vouch for the reputation or integrity of this user (e.g. a government entity, financial entity or non-governmental organization?). This would require those platforms to allow linking of Namecoin ID with their Platform ID and allow lookup and signing of metadata provided by these platforms. (e.g. UserID Y is linked to PlatformID X and completed human verification on date Z, signed Twitter). I image users could install an extension similar to uBlock or Privacy Badger that contains human curated blacklists and heuristics that operate on Namecoin entities to perform these checks and flag or filter content and users that fail integrity checks. This would allow a users to automatically weed out potential bots and trolls but keep full control of this process themselves, avoiding potential censorship if this task would fall on the platform owners themselves (something governments are pushing for). We could take this even further and integrate Namecoin ID's in software and hardware devices as well. This could create chains of trust to verify the entire chain of content creation and manipulation to the final content posted on a social platform. Where every entity signs the resulting content. (E.g. camera -> photoshop -> twitter post) Apart from signing content/messages (PGP style). Namecoin could perhaps also be used for managing identity tokens in a users 'Identity wallet'. Looking into my physical wallet this could include things like credit cards, insurance cards, government issued IDs, membership cards, transportation cards, key cards, etc. This could be done similar to 'colored coins' on Bitcoin. But would have to support some type of smart contract functionality to be useful (e.g. expiring tokens, etc). I'm not a developer nor a technical writer, but I do think we need to think long and hard about how we can solve digital identity in a way that empowers users to trust and verify the content and identities of the peers we interact with online while also respecting privacy and preventing censorship by external parties. Namecoin could be the better path to building this web of trust, but given the current pace of AI/ML and the willingness by bad actors to weaponize it at scale against users interests we might not have much time. (Apologies for the rant!)
08-12 22:05 - 'Why Bitcoin Will Win: The Bearish Case for Ethereum' (self.Bitcoin) by /u/uncapslock removed from /r/Bitcoin within 207-217min
''' Hi Everyone! If you were around for the 2017 bull cycle, you might remember me from: [[link]6 With the advent of DeFi, I wanted to crystalize my thoughts on why Bitcoin will win in the end.
Why Bitcoin Will Win: The Bearish Case for Ethereum
Ethereum is the MySpace of decentralized finance. Hobbled together, scrappy, but provides an exciting glimpse into the future. We should be pleased with the new paradigms discovered through this experiment but should not expect it to be the de facto platform in a decade. Ethereum has demonstrated intrinsic challenges that are insurmountable without an Ethereum 2. We have witnessed unauditability, scaling difficulties, centralization and high contract fees. Building second-layer solutions to make up for shortcomings is akin to patching cracks in the asphalt with duct tape. In this piece, I’ll navigate why we should not confuse novelty of features for sustainable value, why Ethereum makes for a poor base layer, and what to expect in the decade ahead. There will only be onebase layer for digital scarcity of humanity and that is Bitcoin.
The “Bitcoin is money, Ethereum is apps” fallacy
There is a logical fallacy in arguing “Bitcoin is money, Ethereum is apps,” which draws a false equivalence between the value of money and apps. As any self-respecting financier knows, the value lies (quite literally) where wealth is stored.
“Applications are cheap. A store of wealth is expensive.”
Building applications is a solved problem. We know how to recruit engineers, build organizations and assemble technical solutions. We have a bevy of technologies that provide affordances for user interfaces. We have best practices for effective engineering. We even have strategies for amplifying creativity during brainstorming. The number of pages on CoinMarketCap.com is a testament to the commonality of applications. What is not solved is building applicationson top of a store of wealth. In order to build applications on top of a store of wealth, you either appropriate an existing store of wealth and build on top of it (i.e. Plaid) or you build a new store of wealth (Bitcoin). Building a digital store of wealth is so hard it has taken over half a century andis still not ready. The digital store of wealth is only ready when it stores a nontrivial portion portion of global wealth. On August 11, 2020, MicroStrategy announced it had acquired 21,454 Bitcoin for $250 million. Asinglecompany bought the equivalent ofall Bitcoin in Ethereumthat day. Building an application on Ethereum today is the worst of both worlds. It builds on a burgeoning new store of value with a tiny addressable market on top of a limited capacity network already showing strains. The vast majority of global wealth is still outside of the system, waiting to designate a digital store of value. Conceding that Bitcoin is the better store of value is conceding Bitcoin will be the disproportionate beneficiary of global wealth entering the system.
So where do applications fit in?
Imagine acquiring a bank. You are given a choice to either acquire the trillion dollars under management and no app or a smooth, slick app but not the financial assets. It’s easier to make a new application where users are already present rather than move users to a new platform with an existing application. As we’ve seen in the previous section, most users will be on Bitcoin utilizing its value as a store of wealth.
“Applications will be built where wealth is stored.”
What we’ll see is the best ideas from current generation of DeFi applications (elastic supply, governance, fair distribution mechanisms, auditability) built into layer 2 solutions of Bitcoin that itself sits on top of multiple trillions of dollars of global wealth. Why will this happen? Builders will note applications of value from the small pond of Ethereum and see a market opportunity to natively expose those features to the much larger accounts in Bitcoin, reaping proportionally higher revenue.
Why can’t we use Ethereum as a store of value?
“If native users of a platform are so important, why can’t we just use Ethereum as a store of value? After all, holders of Ethereum have seen much higher appreciation in value since its founding compared to Bitcoin.” Here we refer back to the [“The Bullish Case for Bitcoin”]2 which lays out the core properties of money of which three critical areas Ethereum is weak against Bitcoin.
As we see in the indefatigable investigation by [Pierre Rochard]3 in his epic quest to audit Ethereum’s supply limit, verifying the total number of Ethereum is not a trivial task. A number of supply adjustments had been made in node software instead of on-chain transactions, intermediate miner rewards calculated using uncles that are not finalized for a number of blocks, selfdestruct() that leaves ambiguity for token inactivity. These factors make it impossibleto have an objective measure without specifying an asterisk of the nuances appropriated for each method of calculation. Lack of auditability makes Ethereum a nonstarter for firms desiring a store of value. Without an objective measure of supply comes an impossibility of assessing the value of your asset. From measurement of the Ethereum supply through scripts, it has been hypothesized that there has been at least one inflation bug that has been exploited: [*[link]7
There is no set limit of Ethereum by design. From inception it was designed to be an inflationary currency which is essential as a utility token executing applications but is fatal for a store of value. There is an ongoing effort to curtail Ethereum’s inflation to appease to its holders which will be to its detriment as use as an application platform. This tension between being an appreciating digital asset and utilization as fuel is intrinsic to Ethereum and cannot be removed. When Ethereum prices go up by a factor of ten, only smart contracts that can provide commensurate proportional value will be viable.
“Using Ethereum as a store of value creates a perverse relationship with increasing contract fees that undermine its value as an application network.”
As the price rises further, we will see the majority of use cases today become priced out, adding platform risk where users will now need to worry whether they will be able to get their assets back out in the event of Ethereum appreciation.
It is an open secret that Infura is the defacto backend for Ethereum. Running a full Ethereum node is known and accepted to be an arduous task with astronomical processor requirements. This problem is getting worse, not better as the system struggles with transaction volume today, much less the several magnitudes of transactions needed in the coming decade. The solution provided is running Ethereum 2 and implementing applications on a second layer of Ethereum. This shifts the conversation to if building a new base layer or building on a second layer is necessary, what benefit is there to retain Ethereum as a base layer?
A Look Back from 2030
When we look back to 2017–2021, we will remember this period as the primordial era of where creative entrepreneurs came together to experiment with the new paradigm of permission-less smart contracts. We will see a meaningful portion of global wealth go into Bitcoin by 2024 raising assets under management to a trillion dollars. Companies will convert overseas holdings into Bitcoin to counter inflationary risk for sovereign currencies. Smaller nation-states will start to acquire a reserve of Bitcoin to counter dollar strength to pay off their dollar-denominated debt. During this time, firms small and large will rush to build applications to service wealth stored in Bitcoin on layer 2 and layer 3 solutions. Many of these applications will be inspired by what is currently built on top of Ethereum but addressing a much larger market. Through two more halvings by 2030, everyone will have a Bitcoin account providing both a store of value as well as a unified platform that provides the largest installed userbase for financial products. We'll be ending the decade with 10M per Bitcoin, (one magnitude increase each for the three halving periods: 2020-2024, 2024-2028, 2028-2032) with Bitcoin serving as the generational store of wealth for those with the foresight to stack sats and hodl.
Tips for Builders
You’re not late. In fact you’re incredibly early. We’re still building the store of value that will be the foundation to the financial apps that you’ll build. Ethereum is a nice environment for experimenting with new paradigms that are made possible through smart contracts. But understand that the bulk of your future customers will be onboarding onto a different platform when they do arrive. There will be a bonanza period where we see thousands of companies and millions of retail users adopting Bitcoin. It’ll be up to you to recognize the arbitrage opportunity to offer product features in native Bitcoin format to beat other products that must employ bridges to access wealth stored in Bitcoin.
For future writing, [you can follow me on Twitter at @uncapslock]5 . This article is for information purposes only and is not intended to be investment advice. ''' Why Bitcoin Will Win: The Bearish Case for Ethereum Go1dfish undelete link unreddit undelete link Author: uncapslock 1: www.red*it.co***/Bi*coin/*om**n*s/6h4*1i/why_i*sol*_all_***e*h*reum_*oda**an*_convert*d_i*/ 2: medium.c*m/@*i*a*bo*apati/t*e*bu*l*sh*case-for-*it*oin*6ecc8*de*c* 3: tw*t*e**com/pierre_*o*hard 4: *w*tte*.***/GeistLight/st*tus/1*926*756*3801390** 5: t*itt**.*om/uncap**ock 6: ww**r**di**com*Bitcoin/comments/6h4**i/why\_*\_***d\*al*\_my*_eth*re*m\*today\*and*_*onve*te*\_it/**^1 7: twitter.com/*eistLi*h*/s*a*u*/*29*6475***801390***]^^4 Unknown links are censored to prevent spreading illicit content.
CryptoDiffer teamHello, everyone!We are glad to meet here:Max Freeman (@maxfreeman4), Project Lead at Epic CashYoga Dude (@Yogadude), PR&Marketing at Epic CashXenolink (@Xenolink), Advisor at Epic Cash Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here! Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here! Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us! CryptoDiffer teamLet`s start from the first introduction question:Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash? Yoga Dude PR&Marketing at Epic Cash Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing. I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially. Xenolink Advisor at Epic Cash Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to u/Tetsugan and u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers! Max Freeman Project Lead at Epic Cash I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level. CryptoDiffer team Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:) Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one? Max Freeman Project Lead at Epic Cash I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly. There are some great short videos on our YouTube channel https://www.youtube.com/channel/UCQBFfksJlM97rgrplLRwNUg/videos that explain why we believe we have created something truly special here. Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange. Yoga Dude PR&Marketing at Epic Cash Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility. Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved. Xenolink Advisor at Epic Cash To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry. To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone. CryptoDiffer team Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months? Yoga Dude PR&Marketing at Epic Cash Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content. We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money. You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages Max Freeman Project Lead at Epic Cash Our future development roadmap will be published soon and includes 4 tracks: Usability Mining Core Protocol Ecosystem Development Core Protocol Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020 Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020 Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a Usability GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020 Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020 Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a Mining RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin. Ecosystem Development Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a Xenolink Advisor at Epic Cash From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide. CryptoDiffer team Great, thank you for your answers, we now can move to community questions part! Cryptodiffer Community You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC? Max Freeman Project Lead at Epic Cash The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part. Cryptodiffer Community To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from? Xenolink Advisor at Epic Cash Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project. Cryptodiffer Community Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you! Yoga Dude PR&Marketing at Epic Cash First, I must admit that I am still a huge fan and HODLer of Monero. That said: ✅ our blockchain is MUCH lighter than Monero’s ✅ our transaction processing speed is much faster ✅ our address-less blockchain is more private ✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU Cryptodiffer Community
the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash
This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community $EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future? Who is Epic Biggest competitors? And what’s makes epic better than competitors? Xenolink Advisor at Epic Cash We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity. Cryptodiffer Community What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Yoga Dude PR&Marketing at Epic Cash Since we are a community project, we have many developers, in addition to the core team. Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks. We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked. Cryptodiffer Community EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges? Xenolink Advisor at Epic Cash In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well. Cryptodiffer Community What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment? Max Freeman Project Lead at Epic Cash Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic. With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash. As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability Cryptodiffer Community Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ? Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors? Max Freeman Project Lead at Epic Cash RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware. Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses. Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware. The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved. Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem? Xenolink Advisor at Epic Cash Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic. Cryptodiffer Community I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto? What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ? Yoga Dude Pr&Marketing at Epic Cash Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential. The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers. The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique Cryptodiffer Community Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI? Yoga Dude PR&Marketing at Epic Cash We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on. Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way. Cryptodiffer Community If you could choose one celebrity to promote Epic-cash, who that would be? Max Freeman Project Lead at Epic Cash I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences. I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today. Epic Cash will have its OWN Celebrities Cryptodiffer Community How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it? Xenolink Advisor at Epic Cash Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin. Cryptodiffer Community what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ? Max Freeman Project Lead at Epic Cash There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make. Cryptodiffer Community Q1 : What are your major goals to archive in the next 3–4 years? Q2 : What are your plans to expand and gain more adoption? Yoga Dude Pr&Marketing at Epic Cash Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁 We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting. Cryptodiffer Community It seems to me that EpicCash will have its first Halving, right? Why a halving so soon? Is a mobile version feasible? Max Freeman Project Lead at Epic Cash Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140. Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining. Cryptodiffer Community What markets will you add after that? Yoga Dude PR&Marketing at Epic Cash Well, we are aiming to have ALL markets Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry) We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages. Epic Cash is More than Money and its for Everyone. Cryptodiffer Community Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins? Max Freeman Project Lead at Epic Cash With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert https://www.youtube.com/watch?v=0blbfmvCq\_4 explains better than I can. Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises. Cryptodiffer Community What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment? Xenolink Advisor at Epic Cash Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash. Cryptodiffer Community
You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well. Cryptodiffer Community Do EPICs in 2020 focus more on research and coding, or on sales and implementation? Yoga Dude PR&Marketing at Epic Cash We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy. In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC. Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters. Everyone with skin in the game gets the benefit of advancing the cause. Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content — https://www.youtube.com/watch?v=XtAVEqKGgqY a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this Cryptodiffer Community I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex? Let’s talk about the economic model, can EpicCash comply with the concept of value reserve? Max Freeman Project Lead at Epic Cash In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like ngrok.io, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader. We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here: https://medium.com/epic-cash/the-freeman-family-e3b9c3b3f166 Max Freeman Project Lead at Epic Cash Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project. Xenolink Advisor at Epic Cash Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at https://t.me/EpicCash . Yoga Dude Pr&Marketing at Epic Cash Thank you, CryptoDiffer Team, and this wonderful Community!!! Cryptodiffer TEAM Thank you everyone for taking your time and asking great questions Thank you for your time, it was an insightful session Spread the love
Fix Issued For ‘Serious’ Bitcoin Wallet Security Threat
Bitcoin hacks and thefts have exploded since bitcoin's epic 2017 bull run saw the price balloon to around $20,000. https://preview.redd.it/bxhlt2fdam851.jpg?width=960&format=pjpg&auto=webp&s=a3a82ec51bf8e01f57a7246977c988c2ecf53fde The bitcoin price has fallen by more than half since its late-2017 all-time high but bitcoin users remain a popular target for hackers. Now, researchers have warned "millions" of bitcoin users might have been exposed by a newly discovered vulnerability in a number of popular bitcoin wallets. Bitcoin transactions across three major bitcoin wallets were vulnerable to what some might call a double-spending attack, researchers at Tel Aviv-based bitcoin and crypto company ZenGo have revealed, adding other wallets beyond the nine they tested could be compromised. The bitcoin wallets known to be affected—Ledger Live, Edge and BRD—have been updated in an effort to prevent the attack after their developers were alerted by ZenGo. The vulnerability, named BigSpender, allows the attacker to make the wallet holder believe a payment has been received while in fact it has been replaced by the sender. The exploit could prevent the wallet's owner from accessing its funds, though not everyone agrees on the nature of the vulnerability. "The core issue at the heart of the BigSpender vulnerability is that vulnerable wallets are not prepared for the option that a transaction might be canceled and implicitly assume it will get confirmed eventually," ZenGo's senior software engineer, Oded Leiba, wrote in a blog post revealing the weakness. "This negligence has many faces. First and foremost, a user’s balance is increased on an incoming transaction while unconfirmed and is not decreased if the transaction is double-spent and thus effectively canceled." Ledger and BRD have questioned the language used by ZenGo researchers. "There is no actual double spend being performed," the Ledger security team said via email. "The user funds stay safe. Nevertheless, the display of received transactions could be misleading." The bitcoin wallets that were found to be susceptible to the attack are some of the most widely used—something ZenGo researchers said highlights the bug's seriousness. "Potentially several millions of users were exposed before the fix based on the user base of Ledger and BRD public numbers," ZenGo's chief executive Ouriel Ohayon said via email. BRD recently passed the 5 million user mark, its chief technology officer told bitcoin and crypto news outlet Coindesk. While the bitcoin wallet developers dispute the exploit's risk, Ohayon insists the threat could actually be worse than is known. "It does not mean that there are no other issues or that other wallets are not exposed to the BigSpender attack," Ohayon said, adding other wallets ZenGo researchers tested, including its own, were not vulnerable to the attack. "Considering that this could result in the impossibility to spend your funds and the fact that this could be done at scale, this [exploit] can be considered serious." "Hacks are constant. Security is an on-going battle fought by the industry and one that cannot be won by a single player or a single product, let alone a version update. To allow mass adoption it is critical that wallets invest as much effort in research and security and they do in product development and services."
Industry Insight shared by WaykiChain CEO, Gordon Gao
The opening of 2020 is very chaotic considering coronavirus broke out globally, all kinds of assets experienced significant shocks, oil price plummeted, gold prices suffered volatility, and US stocks experienced several trading curbs, etc and different kinds of epic Black swan event happened. What do you think about the influence of these unusual events towards DeFi?
I think it’s the best thing that can happen to DeFi. Because all these things help expose underlying problems, such as economic bubble, indiscriminate leverage, credit crisis, which can cause people to distrust the financial system. And DeFi is the revolution against the traditional financial system, it is a complete subversion. Paul Jones thinks that the government over issued currencies, so he needs to transit his assert to Bitcoin. Crisis means opportunity. The traditional financial system has long-existing problems. Most of the assets were made by capitalists, some in reasonable ways, while the others are simply robbery. But most of the people didn’t realize it. Henry Ford says, people don’t even know how our currencies and bank system works, which is good, since if they know, there will be a revolution before the next morning. Now all kinds of black swan events can make people aware of risks, and before the final risk comes, choose a more transparent and fair way to participate in finance.
Since this year, more and more public chains have begun to deploy the DeFi ecosystem. DeFi ecosystem has become an important direction for public chains to explore the landing of the blockchain this year. Can you analyze why the public chain has gathered to develop the DeFi ecosystem this year?
Most public chains have explored for a long time. Last year, many people said that the public chain industry was dead, but I feel that they just didn’t find the rigid demand for landing applications. Now everyone has begun to understand that DeFi is the best way out of the public chain. WaykiChain started to develop the first product of DeFi in March last year-The stablecoin and collateral loan agreement (WaykiCDP). However, it was not popularly called as DeFi at that time. Now, what we start with is to find a rigid-demanded scenario for the blockchain landing, and shorten the user’s path to enter into ecology. In this circle, most of the people are speculators and investors who hold two big needs of borrowing and making money, and DeFi is doing this business. From another perspective, the emergence of Bitcoin has created a new currency, and the role of public chains and smart contracts is to allow the currency to circulate under certain rules. Isn’t this just finance? In other words, if blockchain can’t even do finance, then it is just a scam.
can you explain to us the status and scale of the DeFi market nowadays?
The size of the DeFi industry can be roughly measured by the value of lock-up. Ethereum, as the largest DeFi platform at present, occupies most of the market share. Now the lock-up value on Ethereum is around USD 1 billion. Since last year, other public chains have started to have DeFi applications, including WaykiChain, cosmos, Polkadot, TRON, etc. The current DeFi scale on WaykiChain is not as good as Ethereum in terms of absolute volume, but in terms of the proportion of DeFi locks, WaykiChain definitely has the highest proportion so far, reaching the total of 17%. In terms of absolute volume, only niche players in the currency circle participate in DeFi, but DeFi has maintained market growth in the past two years, and the amount of lock-up positions has risen sharply, so the entire market still has a lot of room for each project party to explore.
compared to Bitcoin mining, DeFi is obviously more decentralized and suitable to the public. From a broad aspect, what advantage do you think DeFi has when compared to traditional finance, and what is the meaning of it towards the finance industry?
I like this question, so I will spend more time explaining it. I think the difference of DeFi can be shown in 3 points: DeFi can change the role people play in the financial system. In traditional finance, as an ordinary user, your role and participation process are very limited. However, this limitation is determined by all aspects, such as the credit problem, the threshold of the number of funds, as well as the license and the threshold of power, and so on. Such limitations often make ordinary users vulnerable groups in the financial system. And under the rules of the top class, wealth will always flow to the top. For example, global currencies have been issued continuously, have we participated in the decision? No. Has it been issued to individuals? No. We can only see that the world keeps issuing money, and the money in our hands is depreciating, while there is nothing we can do. But DeFi is different. Let me give an example. WaykiChain DeFi's governance coin WGRT, the holder has both the power of governance parameters and the benefits of the interest and penalty of the entire system. This is a role you cannot play in traditional finance. In DeFi system, it is full of fairness. DeFi can reduce financial costs. Since the beginning of the industrial era, the global financial structure has remained unchanged, relying heavily on various intermediate institutions. Central banks, investment banks, commercial banks, securities companies, etc. It can be said that any financial activity needs to have more than one intermediary profit from it. For example, in addition to the loss of the price difference of a transaction, a transaction also includes brokerage commissions, exchange transaction fees, stamp duties of regulatory authorities, etc. The price difference earned by these so-called "middlemen" makes them the richest class in the world. However, DeFi adopts an open protocol and provides low-cost financial services for everyone at low cost, which greatly reduces the cost of transactions. DeFi can improve the efficiency of finance. Blockchain enables financial transactions to achieve transaction settlement. It has gone beyond the traditional settlement system of financial institutions. When it comes to cross-border transactions. In terms of the transfer, a cross-border transfer can sometimes take several days, but in the blockchain system or DeFi system, the actual ownership of assets has changed when the transaction occurs. There’s one more point that I want to mention that is DeFi can derive something that traditional finance doesn’t have. For example, the constant product market maker is an innovative product in the field of DeFi. We believe that DeFi can not only improve and improve the original traditional finance but also have more innovations to be discovered. The CTO of our team wrote such a sentence in the introduction of WaykiChain code: “the only limitation of the blockchain is our imagination.”
At present, there is a strange situation in the industry. When asked DeFi, many people said they know it. But when it comes to the question of who invest it, everyone said they didn’t. What do you think is the reason for this situation? Where are the potential users of DeFi?
There should still be some people who have invested in the DeFi project. This year's link, knc, and mkr are all DeFi concepts, and they all have good market performance, including WaykiChain is also a DeFi concept, and our community is not small. It's just that few people are using DeFi products. In fact, not only a few people use DeFi products, but also fewer people who put coins in wallets to play any application in addition to the use of exchanges to speculate coins in the currency circle. For example, I got data before that showed only 14,000 people on Ethereum participate in DeFi. DeFi currently lacks a popular hit, like Dapp's ethernet cat, fomo3D, which can mobilize the market's passion at once. WaykiChain will release a DeFi product called Wayki-X in the second half of this year. Concerning synthetic asset transactions, we are confident that this product will become a hot issue. The first-level potential users of DeFi are users of public chain tokens, especially for collateral-type DeFi applications. For example, users who hold ETH are potential users of DeFi on Ethereum. Only if I look high on ETH, I will collateral ETH for various other financial activities. The same is true for WaykiChain. So if most of the non-DeFi public chains are removed, and most Bitcoin holders, this first-level potential user is still very limited. The second-level potential users are DeFi participants, such as participating in DEX transactions, or using other assets to purchase DeFi stable coins for investment and so on. The third-level potential users are some users outside the circle. They will take advantage of income opportunities, such as wealth management and other applications to come in contact with DeFi. This most extensive market has not been well developed. Ethereum already has an integrated DeFi ecosystem, and there are plenty of branches on it, plus a lot of public chains have poured into the DeFi track this year. However, the current scale of DeFi users is still small, and many people are worried that so many public chains are pouring into the DeFi track, but the market can’t digest so many DeFi products, thus they may finally be of varying quality. Are you worried about this problem? I am not worried. First of all, the advantage of Ethereum is not that great. The DeFi ecosystem on Ethereum can be said to be in full bloom, but it is not integrated. In addition, Ethereum now establishes DeFi in a savage way of development. I feel that it is just a child who plays on the beach and cannot build a skyscraper. The financial system needs to be framed, at least the asset standards should be unified, the pricing unit should be unified, and the liquidity measurement standards should be unified. DeFi on Ethereum does not have all these uniformities above, so many problems have arisen this year. Although the single-module product looks fine, once it comes to the “interoperability” that DeFi on Ethereum is proud of, three particularly serious security incidents occurred. Another thing is that if users want to use DeFi on Ethereum completely, they have to cross many products, and each time they exchange currency, they must bear the loss of the price difference, which will disperse the liquidity of DeFi. WaykiChain’s thinking is different from that of Ethereum. What WaykiChain wants to do is an integrated DeFi public chain, which means that we will unify the currency, unify the standard of asset release, unify the valuation unit, and unify the liquidity. Based on those preconditions, then smart contracts use imagination to build more products, and ultimately provide users with a one-stop DeFi experience. The market covered by DeFi is huge, so we don’t worry about competition. If you introduce 1% of Bitcoin’s market value to any public chain, it is enough to support a very large DeFi project, not to mention the introduction of traditional assets in the future.
How do you view DeFi’s development prospects and future market scale? Where do you think the ceiling for DeFi development is?
In the near term, although DeFi’s volume has developed rapidly, it is still very small. The current market value of the digital currency is about more than 270 billion US dollars, but the collateral in the DeFi agreement is only 1 billion US dollars. I think it will reach 20 billion US dollars in two years. It can be seen that the future market is still very broad. In addition to the need to compete for the Bitcoin market, mature public chains are also a development idea for DeFi empowerment of other public chains. For the ceiling of DeFi development, it is not yet seen now, but the first bottleneck that may be encountered is how to release off-chain assets to the blockchain to expand the overall DeFi market cap.
WGRT has set a strict risk control mechanism in terms of safety, convenience, and risk reserve. Such a professional and rigorous team believes that in the near future, it will present a different DeFi ecosystem to everyone. According to some latest data, there are more than 4,000 bitcoins locked in the DeFi ecosystem. What do you think is the reason that BTC has poured into the DeFi battlefield in large numbers? Will this set off a new round of DeFi boom?
The BTC market is the most attractive part of DeFi. Let me explain a few things. 1.For BTC currency holders, these people are optimistic about BTC for a long time, but when they lack liquidity at hand, they need a loan agreement to help them get some cash. However, the centralized financial platform has various security risks, such as asset theft, asset misappropriation, or platform running. Some money holders who pay special attention to security will choose the DeFi protocol.
In terms of DeFi projects, the market value and volume of BTC is the largest, so whoever can occupy the BTC market will become a giant.
For the DeFi market, BTC itself does not have programmability, so any other public chain needs to do a cross-chain protocol to introduce BTC, so the largest market provides the most fair competition environment. WaykiChain introduced a decentralized cross-chain mechanism in the upcoming public chain version 3.0. After going online, users can collateral BTC or ETH to generate stablecoin. At the same time, the interest paid by users, as well as the penalties that are cleared in the middle, are also to be repurchased for the destruction of WGRT.
WaykiChain's DeFi lockup volume actually reached 17% of the total, and it is expected to break new highs next. Gordon, what form and changes do you think the DeFi market will develop in the future? How should WaykiChain seize market opportunities?
First, the form of products will be more diversified, and many innovative products will appear. Second, the product will be more professional and have a better experience, while providing one-stop financial services. This is the direction that WaykiChain is currently doing. Third, the DeFi on the public chain will expand through cross-chain. For example, as mentioned earlier, the DeFi on the public chain will compete for the Bitcoin market. However, in addition to competing for the Bitcoin market, the market for more small currencies cannot be ignored. We will also try to use the WaykiChain DeFi system to empower other small currencies or public chains. So that their currency users can also enjoy the financial services brought by DeFi. This market has not yet been explored.
What plans does WGRT follow?
We want to build the world's first integrated DeFi public chain. The development of WGRT is inseparable from the promotion and use of stablecoin WUSD. Therefore, our follow-up plan is mainly to build more products around the stable currency system to empower WUSD. At the end of July this year and early August, we will launch a new product called WaykiX, which is a synthetic asset trading platform that can trade almost all types of assets in the world. After that, we will also launch WUSD financial management, so that the currency holders can enjoy a fixed income. At the same time, we will also develop asset securitization business, and publish some high-quality asset targets on WaykiChain, such as Vietnam real estate, European and American government bonds, etc., while expanding the volume of DeFi assets on WaykiChain, to the community more Investment opportunities.
Is there any plan after WGRT listed on OKEx?
Yes, I will answer in terms of two levels, the first level is the ecological level, and the second level is the level of the entire coin itself. From an ecological perspective, the quality of WGRT depends on the entire stablecoin system, and whether more people can use it. The stablecoin WUSD develops well, so the whole WGRT becomes the biggest beneficiary. In fact, the series of DeFi products we created later are all based on the stablecoin WUSD, such as the Wayki-X synthetic asset trading platform. After the Wayki-X synthetic asset trading platform is launched at the end of July and early August, the market will have a lot of demand for WICC. We will also use this platform as a fist product of this year to promote, so as to ensure the benefit of the entire WGRT. In addition, the real estate in Vietnam and the national debt in Europe are based on financial products issued by WUSD, and they will also promote the development of WGRT. The WGRT coin will be launched on OKEx, and then some high-quality second-tier exchanges will be listed to enhance its liquidity. When the liquidity is sufficient, we will also impact other first-tier exchanges, including domestic first-tier and international first-tier exchanges.
A lot of this comes from /cloudygamer, so go there and give them your clicks, but I've been cloud gaming now for months in a variety of ways, and I think I've settled on my happiest path. I rent a server from Paperspace, and simply use Steam Link Anywhere to play any game from my Steam Library from my house. Quality is very good, but not perfect, but my costs are $10/month for storage and $0.51/hr of streaming time. At my rate of about 1-2 hours/day, my annual spend rate is about $400. The benefits I see are as follows:
Incredible portability - I can play on my phone, my laptop, or my Nvidia Shield on my TV.
On-demand usage - If I'm not playing, I'm only paying the storage fee each month, so it sort of scales naturally.
Excellent graphical fidelity - I'm generally able to play on excellent settings and stream at 1080p. I also find that the input lag doesn't bother me. I'm certain if I recorded myself playing in slo-mo, I'd notice input lag, but I've had great fun playing many hours of Rocket League, and I'm having a great time playing through Jedi: Fallen Order
Excellent library - This method basically supports all PC games, and lets me play anything from Steam, Epic, etc, etc, down to indies and anything I want to play. If XCloud has 50 games, and Stadia has 22, I think this path compares rather favorably.
Cost - I'm saving money versus keeping a comparable gaming PC running these games at these settings, but I'm probably losing money against just purchasing new Playstations as they are released. Also, the free tier of Stadia will be cheaper than this, although factor in the purchase of games. This method uses your Steam Library.
Network costs - I assume that if I had anything less than bulletproof internet, my experience would rapidly degrade
Framerate stuff - On occasion I'll hit a bit of lag or delay.
How-to: This is just my path through, and you may choose a different path. I picked Paperspace because the ease of use is just astounding compared to Google Cloud or AWS or Azure. However, they only have 3 servers from what I can tell - California, New York and Amsterdam. I would perform the majority of these steps on your PC:
At this point you may get stopped by a form that requires you to explain what you want to use the server for. I don't think they want people using them for Bitcoin mining, maybe? If you get that form, it usually takes a day for them to get back to you
Choose a storage amount. If you only play one game at a time, you can save some cash here by choosing one of the lower priced storage tiers.
Add your payment details and click "Create Your Paperspace"
You'll be taken to a screen that shows you that Paperspace is provisioning and spinning up your server. Once it's ready, simply click on the box representing your server. You'll be dropped into the Windows environment.
Now, install Steam and log in to your account.
Having done that, enable the beta version of Steam by using the Beta Participation setting in Settings>Account
Steam will restart.
Install Steam Link on your phone (or Android TV device, or tablet, etc, etc). It will by default look for a PC on your home network. When that fails, it will prompt you with "Other Computer". Take the code it gives you, and return to your Paperspace tab in your browser, and navigate to the Remote Play entry in your Steam Settings.
Click the "Pair Steam Link" button, and type in the code that the Steam Link app gave you.
You're in business! Close your Paperspace tab (as it will consume bandwidth that you want to reserve for gaming). Your phone will launch into Steam Big Picture mode, and you can install and play games at will.
You can use the on-screen controls in the Steam Link app, and that might be okay for some indie games or non-twitchy games, but I purchased one of these controllers and this clip for my phone.
A quirk with Paperspace is that it uses the resolution of your browser as the upper bound for the display resolution. So to get higher than 1080p, I open my browser tab in full screen, and I use Chrome to zoom out, which causes the desktop to increase in resolution. Then I close my tab.
If you leave on the auto-start with Windows setting for Steam, all you have to do to get things going is open Paperspace's website on your phone and start your machine. Don't open it on your phone, as that will mess up your resolution, just hit the start button.
Always remember to shutdown your machine after use. Paperspace will kill it after a day of inactivity by default (you can adjust that setting), but you'll keep spending $0.50/hr until you turn it off.
If a particular game requires you to fill out fields and move a mouse cursor around, you can open your Paperspace window and interface that way.
TL, DR: It's really quite simple to set up a personal cloud gaming service that beats Stadia in a number of ways using any number of cloud hosting providers and Steam Link Anywhere.
Weekly Update: $WIB, $VID, $CHZ on ParJar, Pynk crushes Web Summit, XIO swap bridge, Sentivate reorg... – 1 Nov - 7 Nov'19
Hi folks! We are catching up real quick. Here’s your week at Parachute + partners (1 Nov - 7 Nov'19): Three new projects and their awesome communities joined the Parachute fam this week: Wibson, VideoCoin and Chiliz. Welcome! And if you missed, we also added Shuffle Monster, Harmony and CyberFM last week. #cryptoforeveryone is getting bigger by the day. Woot woot! In this week’s TTR trivias, we had Richi’s movie quiz qith a 25k $PAR pot. Charlotte's Rebus trivia in TTR on Tuesday had 25k $PAR in prizes for 10 Qs. Noice! Jason’s creative contest for this week was #artdeadmin: “draw/paint/sketch/whatever you imagine a group of the parachute admins doing together”. Click here to check out some of the entries of the TTR Halloween photo contest from last week. Doc Victor (from Cuba) hosted a Champions League wager round in tip room. And congrats to Victor (Anox) for passing his final Medical exams. We have 2 Doc Vics now. One from Cuba and the other from *redacted*. Some of the top #artdeadmin submissions. Insane talent! Jason’s running medal collection. Say what! Andy shared the latest standings in the Parachute Fantasy Football League (#PFFL). Clinton (7-2) is on top followed by Chris (7-2) in second place and Hang (7-2) in third place. So close! As we rolled into November, Parachute crew signed up for Movember. So now we have 3 teams from the Parachute fold, doing a no-shave November for men’s health issues: Parachute (Tony, Cap, Alexis, Cuban Doc Vic, Richi), TTR (Vali, Ashok, Tavo, Alejandro, Marcos, PeaceLove) and TTR-Ladies (Mery, Martha, AngellyC, Liem, Durby, LeidyElena, Charlotte). Show them some support peeps! This is all for charity. Show them some support folks! This week’s #wholesomewed was about “your most precious possession and give us the story of why it is so precious to you”. A whole lot of $PAR was given out for some real wholesome life stories. Best. Community. Eva! Two-for-Tuesday theme for this week: colors! As always, a melodic Tuesday thanks to Gian! And thank you Borna for writing about Parachute and ParJar on the Blockchain Andy blog. <- This is where Jose creates his magic. Respect / Cuban Doc Vic’s doggo, Symba, could easily be a TTR mascot. Good boi! -> This week at aXpire there were two separate $AXPR burns: 20k of last week and 200k of this week. Last week’s news recap can be seen here. Congratulations to the team for being conferred the honour of being handed a key to Miami-Dade County by Mayor Carlos A. Gimenez at the 2019 Miami-Dade Beacon Council Annual Meeting & Key Ceremony. aXpire's disruptive solutions like Resolvr (expense allocation), Bilr (invoice management) and DigitalShares (deal marketplace) help hedge funds and PE firms scale through better profit margins. How? Read here. Did you know that the 2gether Ambassador Zone lets you customise referral messages with a #PicOfTheDay while you earn some sweet 2GT rewards? Super cool! There was an upgrade to the platform this week that might have led to a temporary deactivation in withdrawals while the update was being deployed. CEO Ramón Ferraz’s interview by BeInCrypto was released. Founder Salvador Algarra travelled to an ABANCA event for a keynote speech on Fintech innovation. Next week he will be at Rankia's Blockchain and Crypto Tech gathering to speak on "Blockchain, from predicting the future to building it". CardRates’ feature article on 2gether came out this week. The BOMBX:XIO token swap bridge went live. The swap will be open till 15th December. Plus, $XIO is now listed on DDEX and Switcheo. There were some disruptions in the bridge from time to time because of heavy traffic. Hence, the team also set up a manual swap page as an alternative solution. And please be wary of scammers posing as admins to help with the swap instructions. For any doubts, always reach out to accounts with admin tags on the official Telegram channel. The first set of incubated startups will be revealed on the 22nd of November. Ever wanted to find out about the people who frequent the BOMB token chat? Well, the BOMB Board is running a "Humans of Bomb" series to feature some of the most active members. This week, say Hello to Gustavo. Key to Miami-Dade County awarded to aXpire. Cool! WednesdayCoin’s founder Mike floated the idea of making WednesdayClub open on all days. The nature of the $WED token will not change on chain. Just that it will be usable inside the DApp everyday. What do you think? Let him know in the Reddit thread. Birdchain’s $BIRD token was listed on Mercatox this week. A new monthly referral contest was launched as well. 50k BIRD tokens to be won. Nice! Want the SMS feature to be released in your country? Start promoting! A featured article on Chainleak capped off the week perfectly for Birdchain. $ETHOS, $AXPR (aXpire), $HYDRO, $BNTY (Bounty0x) and $HST (Horizon State) were added to the eToro Wallet. The airdrops for Switch’s various token holders were distributed this week. As mentioned earlier as well, $ESH and $SDEX are revenue sharing tokens. Winners of the John McAfee contest and trading competition were announced. Congratulations! Tron blockchain support will be added to the Switch-based McAfeeDex next week. The news was covered by Beincrypto, U Today, Crypto Crunch, Altcoin Buzz and Tron’s Justin Sun as well. The Dex was featured in a Forbes article about John McAfee’s views on Libra. The latest community contest at Fantom involves writing educational articles on the platform. If you have been following Fantom developments, then this would be a breeze. Also, USD 100 in FTM tokens to be won. Sweet! Check out the cool $FTM merch on display at Odd Gems fashion. Even though these are not official gear, they have the blessings from the project. CMO Michael Chen sat down for an interview with Crypto Intelligence India to talk about the upcoming mainnet launch. The crew also appeared for an AMA with Atomic Wallet community. The latest technical update covers "Golang implementation of Lachesis consensus" or Go-Lachesis in short. Check out its demo with 7 nodes here. Parachute presentation (WIP). That’s right. 500k transactions and counting. Wow! While the Uptrennd Halloween contest got over last week, AltcoinBuzz made a friggin amazing graphic! Don’t forget to follow the Ann channel to stay up to date with the latest from Uptrennd. Founder Jeff Kirdeikis also announced that he will be working closely with PrefLogic on Security Tokens. Jeff’s interview with MakerDAO Biz Dev Gustav Arentoft came out. After some upgrades on Uptrennd, withdrawals are live again. Instead of the weekly meme contest, there was a flyer contest this week. 5k $1UP prize pool for winners. Wicked! The latest community picked TA report was on ETH. And the crew reached Malta for the AIBC Summit. More pics next week! Did you know that you can get Opacity Gift Codes for various plans at ShopOpacity.com? If not, make sure to read up on the Opacity October update. Catch up on the latest at District0x from the District weekly. The District Registry was live demo’ed. Looks cool! Hydro crew travelled to the Web Summit in Lisbon to spread word on the project. They were also represented at the Chicago fintech science fair this week. For a summary of the last few weeks gone by at Hydrogen, you can read the Project update and Hydro Labs update. We have covered most of these in previous posts. For the latest scoop on Hydro Labs, there’s always the Ann channel. Silent Notary’s Ubikiri wallet is undergoing upgrades. One of which is, wallets will be auto-named after creation. A ton more upgrades to be released. Sentivate announced a reorganisation in the company in order to devote full focus on Sentivate. The parent company will close and all resources will move to Sentivate. Here’s another use-case story to emphasise the potential of Universal Web. In the latest community vote on Blockfolio, folks voted overwhelmingly Yes on whether they would like to see more explainer articles on web tech. Also, the epic shoutout from Scott Melker (The Wolf Of All Streets) has to be the best thing ever! Updated Sentivate roadmap for next 3 months Pynk travelled to the Web Summit in Lisbon (wonder if they crossed paths with Hydro and SelfKey teams) as an official delegate of the Mayor's International Business Programme and were featured by KPMG. How to catch people’s eyes in a Summit where everyone is trying to grab your attention? With LED back packs. Genius! Such a lit idea, that even Web Summit tweeted it. Woohoo! And then they rocked a series of pitches to get to the big stage. Wins in Round 1 and quarter finals ensured an entry into the semi finals on the main stage. Click here to watch their presentation. Great job guys! Business Insider Poland included Pynk in their list of 12 Fintech companies worth following. The latest Pynk Tank episode delves into deep fakes in political advertising. One of the upcoming features on the platform will be the addition of gold to the daily price prediction tool. Pynk has "absolutely no interest in Bitcoin fanatics, ‘bagholders’ or ANYONE who mentions moons or Lamborghini’s. It’s tacky". This vibes perfectly with Parachute. Read more on Pynk's guide to becoming a super-predictor here. Horizon State announced that it will be resuming business under a new management. Welcome back! The original $HST token will not be supported anymore. The team will be looking into how the token holders are included in the new system. DENGfans, don’t forget to check the mini-projects posted by Mathew in the Telegram channel. Look up #getDENG in the channel. If you’re proficient in excel and VB, get in touch. Shuffle Monster’s $SHUF token is now listed on Dex.ag which acts as a decentralised price aggregator. CyberFM distributed the $CYFM payouts for October this week. Total payout as of 1st Nov is USD 266k+ in crypto. Say what! Pynk’s LED back packs are a stroke of genius OST’s Pepo was the 19th most popular dApp on State of the DApps last week. This week it climbed to the 16th position. Upcoming features on Pepo include video replies, threads and debates. Stay tuned! OST crew was at the Web3 UX Unconference in Toronto to talk all things UX. Next week they will be at ETHWaterloo to present and judge the UX award there. SelfKey’s $KEY token got listed on Hong Kong’s Lukki exchange. Like Hydro, the SelfKey team also attended the Web Summit in Lisbon for networking. If you were there, hope you said Hi. Ever wondered how Distributed Identity keeps your information private and safe when blockchains are supposed to be public? Click here to find out how SelfKey does this. More insight was shared into the Chainlink partnership this week by Constellation CEO Ben Jorgensen. The team attended the Air Force Space Pitch Day where it was selected to pitch the platform to attendees. Go get’em! How and why does Constellation do things? Check out the Constellation Principles. The October update for Yazom covers news such as alpha build of the app nearing completion, ongoing deal negotiation with clients etc. And with that, we close for this week in Parachuteverse. See you again soon. Ciao!
Look, I'm not going to argue the math, I'm just going to argue why it's just a pointless thing to discuss now, because I imagine if the Bitcoin Cash network suddenly had to support 4 billion people tomorrow it would also fail. It would also discover things that don't work. I think you scale as you go, and as you get to 50 million people then you scale, and you look at new technologies, or whether a 100 million people... but, Imagining half the planet is going to be using bitcoin... like, that might take a century, (laughs) that might take 50 years... or it might *never* happen. You know what? It will probably never happen. I would be surprised... you know, I would be willing to bet everything I own, right now, that in 25 years there aren't a billion people using bitcoin. So, why don't we stick to things that are sensible and practical now because that seems to me a bit far fetched to look into.
First off mccormack555, let me be clear I'm not posting this to attack you, but to stimulate discussion and try to understand where you are coming from here. I was dumbfounded when I heard you say this during the interview. Flabbergasted even. I would expect someone like you who dedicates so much time and energy into bitcoin to be hopeful and believe in the potential for its success. IMO... if we don't reach that level of adoption and scale in the next 10 years, bitcoin has failed. So surely if we don't get there in 25 years - that's an epic fail. Do you stand by your statement that you think bitcoin is more likely to fail than succeed? If so, I'd like to know your reasons why you think bitcoin won't succeed at achieving mass adoption in the next 25 years. Is it for technical reasons, social reasons, or combination of both? Maybe I'm way off base, and you define the success of bitcoin differently than I do. Please clarify your thoughts on this. I think P. Rizen's response to you was simple and perfect, and probably resonates with most BCH supporters on this sub.
ok, well I disagree. I would love to see in 25 years a billion people using bitcoin, and I think we can make that happen because I think bitcoin is awesome, and the more people are educated on it the more they'll want to hold a bit of bitcoin
I enjoy this kind of cognitive dissonance, but what's even more interesting to me at a subtle level is that the core devs and followers didn't believe bitcoin could succeed as it was defined by Satoshi in the whitepaper and his other comments. Therefore the fundamental properties of bitcoin had to be changed. Now it seems that they are also trying to redefine the purpose of bitcoin. It is no longer global money, it's becoming something else. BCH's goal is to prove them wrong - that bitcoin can and will succeed as originally intended as global money. That's where the value was, is, and always will be. If the definition of bitcoin's success isn't mass scale & adoption, then what is it?
WaykiChain CSO, Wayki Sun: Vaulting Ambitions Carried Boundless Energy
“Here we must run as fast as we can just to stay in place.”. — — — Alice in Wonderland Once, this was just a fairy tale, but now, in the blockchain industry, it has become the reality. The fairy tale came true in the blockchain industry. Looking back on 2019, the world’s various uncertainty still while blockchain takes the real lead Having the whole world in view, the stablecoin project Libra has become a subject of the U.S. Congress, starting off the tremendous craze in blockchain worldwide, by storm; while Chinese government introduces a new policy that lists blockchain as an important breakthrough for its innovation focus. It is in this historical turning point that Waykichain has successfully completed its own transformation. Coping with the times, the reflection of the trend At WaykiChain’ inception, WaykiChain entered the industry via the most appropriate entry point prediction, which its full enthusiasm has been frustrated by the policy of cognitive. Since then, Waykichain has retreated to ecosystem co-building. By providing one-stop help for the outstanding developers from all over the world, Waykichain has launched dozens of DApps in order to build its own public chain ecosystem. There are full of obstacles and difficulties. Waykichain team has paid great attention and affection to the whole process. From technology, operation, promotion to marketing, all of which have caught up to the front of the industry in such experience and exploration. As Wayki Sun, the “godfather” said, said: “The old conscious classicalists are always afraid of the arrival of new things, however, the efficient and advanced new system is so unstoppable.” The changes in the industry have made some people like falling into ice caves but crying without tears, while others have ushered in more possibilities. The key lies in whether the pulse of the development of the industry has been observed and the opportunities given by the times have been seized. In this way, even the detours will eventually become a rainbow to success. All previous attempts and explorations let us deeply understand that innovation is not to take shortcuts, but to take root in the deepest reality, solve the problems of specific business scenarios, and match the rigid demand that lies deep inside of our users. Taking the ecosystem as a breakthrough, Waykichain finally set its target in the financial direction. Huatong Securities is the first case of Waykichain successfully landing in a business application scenario. As a successful precedent for cryptocurrency cross-border finance, Huatong Securities has brought significant returns to investors in a series of new digital currency businesses. Data shows that some investors who participated in the subscription of new shares through Huatong Securities have achieved a return of over 30% in recent months. Through WUSD as the access channel, investors who have not been able to get involved in this field can also participate in it without obstacles. Waykichain’s long-term: based on core values Facing the rapid changes in the market, WaykiChain innovated from time to time, constantly iterating new ways of business paths. In the face of the uncertainty of the world, Waykichain has always adhered to its long-term, and through its internal cultivation, it used its own certainty to deal with the uncertainty of the world. Such long-term is exactly the core value of Waykichain: Firstly, WaykiChain will continue to maintain as a global leader in public chain technology and mechanisms. The four-letter codes “Long”, “Teng”, “Tiger”, and “Yue” signify the roadmap of the future evolution of the Waykichain public chain. In the current “Teng” stage of the public chain, Waykichain not only achieved a global leader in a number of hardcore technical indicators such as TPS (average stable at 3300, peak 7800), transfer speed but also reached the industry in terms of the underlying logic and technical architecture. Leading positions, such as the construction of stablecoin systems and DEX at the bottom of the public chain, have surpassed the general contract-based construction in terms of security, stability, scalability, the convenience of paying fees, etc. The decentralized cross-chain technology completed at the end of the quarter will bring cross-chain assets such as Bitcoin and Ethereum to Waykichain, which will stimulate tens of billions of value liquidity; and the upcoming integration of the WASM virtual machine will also allow Waykichain acquires dual virtual machine engines for higher compatibility and performance. “Publicchain is still in the era of clash of Titans. When all goes to all, technology will win out.” As Wayki's assertion of the public chain’s technical status, these explorations of public chain technology and mechanism have not only given WaykiChain the greater commercial application potential of public chain, also allows the public chain facilities built on it to have a stronger industry competitive advantage. Secondly, vigorously expand the supporting construction of the commercial scene around Waykichain. Regardless of whether it was cut through my prediction at the beginning, or then focused on the application ecosystem, or currently grasping the financial direction, although the rudder is constantly adjusting, the voyage of exploring the business model has never stopped. At present, a complete set of decentralized financial system surrounding the stable coin WUSD of Waykichain has taken shape, and the profit model and commercial development path built on this financial system have become increasingly clear, including cross-border finance, cross-border payment, decentralization currency, denominated currencies, financial derivative transactions, etc. will all be important business application scenarios for Waykichain. On the last day of 2019, the WICC’s total network mortgage volume has exceeded 16 million, and the main destination of the WUSD loan is Huatong Securities’ cross-border financial investment. Breaking Technology Silos: High Global Consensus Owning, without connecting, will eventually become a technology island. What Waykichain does is to link realistic business scenarios and huge users outside the circle, and finally form a high degree of global consensus. The so-called consensus is people’s identification of the same thing and a community of unanimous beliefs. The extent to which this matter can reach consensus also determines its commercial value. It can be said that consensus is the root of the development of public chain and the entire commercial building. The global high consensus is the development direction of all blockchain projects. And such a high degree of consensus involves many aspects, including not only the global leader in the technology and mechanism of Waykichain mentioned above, the supporting construction of business scenarios, etc., but also other important parts: Internationalization of the Waykichain Team. At present, Waykichain has gathered a group of elite troops with great dedication, a sense of mission and a sense of belonging. This is the result of Waykichain’s long-term implementation of the introduction, cultivation and elite precipitation of outstanding personnel. In the future, the Waykichain team will be further internationalized. Through the international team, a global communication circle will be built to help the global strategic layout; Introducing strategic investments such as top global venture capital. No matter whether the previous contact with Softbank or being invited to attend the Global Blockchain High-end Private Conference in Dubai, we are preparing for the introduction of the world’s top venture capital and this will strengthen the brand endorsement and help Waykichain’s extension Breakthrough development. Strengthen technical cooperation with governments and large institutions. Earlier, WaykiChain had conducted returning visits with the Montenegrin government and had an in-depth exchange of views on the blockchain technology reform in the field of Montenegro International Trade and Finance. Through such high-standard technical cooperation, it can not only improve the operating efficiency of related fields but also accumulate rich experience and capital market reference for more national-level cooperation of Waykichain; Launch more world first- and second-tier exchanges. Last year, Waykichain successfully launched Gate.io and Bithumb and other international first-tier exchanges, and other first-tier and second-tier exchanges are also actively contacting. Through the creation of a high degree of global consensus, Waykichain will ultimately be given more business value and promote the landing of a business application ecosystem. The magic weapon to win the future: Massive community expansion The magic weapon to win the future is not how much resources you have, but how many resources you can mobilize. For this reason, in addition to having a high degree of consensus on a global scale, we also need a huge community as a vehicle that can be scheduled. At present, through the global partner and ambassador system of various countries, Waykichain has formed a number of international communities around the world with Waykichain ambassadors as its core. Among them, 41 community managers (including global ambassadors) from 15 countries including U.S, the United Kingdom, France, Germany, Japan, Indonesia, Brazil, Vietnam, South Korea, Turkey, the Philippines, Russia, Spain, Ukraine, Bangladesh and Nigeria, including Nearly 30 international communities; and has held several offline events in Russia, Singapore, Turkey, Vietnam and South Korea. On the basis of the achievements of single-point breakthroughs in some key countries and regions, we will continue to penetrate overseas markets and increase the frequency of offline meet-ups and overseas marketing activities. In the coming year, we plan to hold another 30 overseas offline meet-ups through official channels, and encourage and assist global volunteers to organize about 60 offline meet-ups on their own initiative. Through the implementation of point-to-surface breakthroughs, we will continue to attract incremental users, and continue to expand the number of users in overseas communities while maintaining the steady growth of domestic communities, and truly form a situation of massive community expansion and a global chess market. 2020: Writing our own heroism “Having a dream that doesn’t make you exhausted in this life, I think, is the best gift that life gives you.” At that time, when the godfather wrote this sentence in the circle of friends, Waykichain was not born yet. But what happened in the next two years, we all know: once the seeds of dreams land, under the watering of ambition, not only take root, they are already germinating, they will grow wildly. “To set a big goal, you must focus crazily and continue to work towards it.” This is not only the creed of Wayki but also his exhortation to the team. From top to bottom, with this “crazy energy” that constantly surpasses itself and pursues excellence, Waykichain is able to open its doors and build bridges on the road of technological evolution and in the cold winter of the industry. On the high-speed track of the global public chains, WaykiChain built around the three dimensions of “core value as the foundation”, “global high consensus” and “mass community expansion”, the next goal will be to strive for the top five and even the top 3 positions of the global public chain. Let’s wait and see how this heroic epic belongs to us.
WaykiChain CSO, Wayki Sun: Vaulting Ambitions Carried Boundless Energy
"Here we must run as fast as we can just to stay in place.". ----- Alice in Wonderland Once, this was just a fairy tale, but now, in the blockchain industry, it has become the reality. The fairy tale came true in the blockchain industry. Looking back on 2019, the world’s various uncertainty still while blockchain takes the real lead Having the whole world in view, the stablecoin project Libra has become a subject of the U.S. Congress, starting off the tremendous craze in blockchain worldwide, by storm; while Chinese government introduces a new policy that lists blockchain as an important breakthrough for its innovation focus. It is in this historical turning point that Waykichain has successfully completed its own transformation. Coping with the times, the reflection of the trend At WaykiChain’ inception, WaykiChain entered the industry via the most appropriate entry point prediction, which its full enthusiasm has been frustrated by the policy of cognitive. Since then, Waykichain has retreated to ecosystem co-building. By providing one-stop help for the outstanding developers from all over the world, Waykichain has launched dozens of DApps in order to build its own public chain ecosystem. There are full of obstacles and difficulties. Waykichain team has paid great attention and affection in the whole process. From technology, operation, promotion to marketing, all of which have caught up to the front of the industry in such experience and exploration. As Wayki Sun, the “godfather” said, said: "The old conscious classicalists are always afraid of the arrival of new things, however, the efficient and advanced new system is so unstoppable." The changes in the industry have made some people like falling into ice caves but crying without tears, while others have ushered in more possibilities. The key lies in whether the pulse of the development of the industry has been observed and the opportunities given by the times have been seized. In this way, even the detours will eventually become a rainbow to success. All previous attempts and explorations let us deeply understand that innovation is not to take shortcuts, but to take root in the deepest reality, solve the problems of specific business scenarios, and match the rigid demand that lies deep inside of our users. Taking the ecosystem as a breakthrough, Waykichain finally set its target in the financial direction. Huatong Securities is the first case of Waykichain successfully landing in a business application scenario. As a successful precedent for cryptocurrency cross-border finance, Huatong Securities has brought significant returns to investors in a series of new digital currency businesses. Data shows that some investors who participated in the subscription of new shares through Huatong Securities have achieved a return of over 30% in recent months. Through WUSD as the access channel, investors who have not been able to get involved in this field can also participate in it without obstacles. Waykichain's long-term: based on core values Facing the rapid changes in the market, WaykiChain innovated from time to time, constantly iterating new ways of business paths. In the face of the uncertainty of the world, Waykichain has always adhered to its long-term, and through its internal cultivation, it used its own certainty to deal with the uncertainty of the world. Such long-term is exactly the core value of Waykichain: Firstly, WaykiChain will continue to maintain as a global leader in public chain technology and mechanisms. The four-letter codes "Long", "Teng", "Tiger", and "Yue" signify the roadmap of the future evolution of the Waykichain public chain. In the current "Teng" stage of the public chain, Waykichain not only achieved a global leader in a number of hardcore technical indicators such as TPS (average stable at 3300, peak 7800), transfer speed but also reached the industry in terms of the underlying logic and technical architecture. Leading positions, such as the construction of stablecoin systems and DEX at the bottom of the public chain, have surpassed the general contract-based construction in terms of security, stability, scalability, the convenience of paying fees, etc. The decentralized cross-chain technology completed at the end of the quarter will bring cross-chain assets such as Bitcoin and Ethereum to Waykichain, which will stimulate tens of billions of value liquidity; and the upcoming integration of the WASM virtual machine will also allow Waykichain acquires dual virtual machine engines for higher compatibility and performance. "Publicchain is still in the era of clash of Titans. When all goes to all, technology will win out." As Waykis assertion of the public chain's technical status, these explorations of public chain technology and mechanism have not only given WaykiChain the greater commercial application potential of public chain, also allows the public chain facilities built on it to have a stronger industry competitive advantage. Secondly, vigorously expand the supporting construction of the commercial scene around Waykichain. Regardless of whether it was cut through my prediction at the beginning, or then focused on the application ecosystem, or currently grasping the financial direction, although the rudder is constantly adjusting, the voyage of exploring the business model has never stopped. At present, a complete set of decentralized financial system surrounding the stable coin WUSD of Waykichain has taken shape, and the profit model and commercial development path built on this financial system have become increasingly clear, including cross-border finance, cross-border payment, decentralization currency, denominated currencies, financial derivative transactions, etc. will all be important business application scenarios for Waykichain. On the last day of 2019, the WICC's total network mortgage volume has exceeded 16 million, and the main destination of the WUSD loan is Huatong Securities' cross-border financial investment. Breaking Technology Silos: High Global Consensus Owning, without connecting, will eventually become a technology island. What Waykichain does is to link realistic business scenarios and huge users outside the circle, and finally form a high degree of global consensus. The so-called consensus is people's identification of the same thing and a community of unanimous beliefs. The extent to which this matter can reach consensus also determines its commercial value. It can be said that consensus is the root of the development of public chain and the entire commercial building. The global high consensus is the development direction of all blockchain projects. And such a high degree of consensus involves many aspects, including not only the global leader in the technology and mechanism of Waykichain mentioned above, the supporting construction of business scenarios, etc., but also other important parts: Internationalization of the Waykichain Team. At present, Waykichain has gathered a group of elite troops with great dedication, a sense of mission and a sense of belonging. This is the result of Waykichain's long-term implementation of the introduction, cultivation and elite precipitation of outstanding personnel. In the future, the Waykichain team will be further internationalized. Through the international team, a global communication circle will be built to help the global strategic layout; Introducing strategic investments such as top global venture capital. No matter whether the previous contact with Softbank or being invited to attend the Global Blockchain High-end Private Conference in Dubai, we are preparing for the introduction of the world's top venture capital and this will strengthen the brand endorsement and help Waykichain's extension Breakthrough development. Strengthen technical cooperation with governments and large institutions. Earlier, WaykiChain had conducted returning visits with the Montenegrin government and had an in-depth exchange of views on the blockchain technology reform in the field of Montenegro International Trade and Finance. Through such high-standard technical cooperation, it can not only improve the operating efficiency of related fields but also accumulate rich experience and capital market reference for more national-level cooperation of Waykichain; Launch more world first- and second-tier exchanges. Last year, Waykichain successfully launched Gate.io and Bithumb and other international first-tier exchanges, and other first-tier and second-tier exchanges are also actively contacting. Through the creation of a high degree of global consensus, Waykichain will ultimately be given more business value and promote the landing of a business application ecosystem. The magic weapon to win the future: Massive community expansion The magic weapon to win the future is not how much resources you have, but how many resources you can mobilize. For this reason, in addition to having a high degree of consensus on a global scale, we also need a huge community as a vehicle that can be scheduled. At present, through the global partner and ambassador system of various countries, Waykichain has formed a number of international communities around the world with Waykichain ambassadors as its core. Among them, 41 community managers (including global ambassadors) from 15 countries including U.S, the United Kingdom, France, Germany, Japan, Indonesia, Brazil, Vietnam, South Korea, Turkey, the Philippines, Russia, Spain, Ukraine, Bangladesh and Nigeria, including Nearly 30 international communities; and has held several offline events in Russia, Singapore, Turkey, Vietnam and South Korea. On the basis of the achievements of single-point breakthroughs in some key countries and regions, we will continue to penetrate overseas markets and increase the frequency of offline meet-ups and overseas marketing activities. In the coming year, we plan to hold another 30 overseas offline meet-ups through official channels, and encourage and assist global volunteers to organize about 60 offline meet-ups on their own initiative. Through the implementation of point-to-surface breakthroughs, we will continue to attract incremental users, and continue to expand the number of users in overseas communities while maintaining the steady growth of domestic communities, and truly form a situation of massive community expansion and a global chess market. 2020: Writing our own heroism "Having a dream that doesn't make you exhausted in this life, I think, is the best gift that life gives you." At that time, when the godfather wrote this sentence in the circle of friends, Waykichain was not born yet. But what happened in the next two years, we all know: once the seeds of dreams land, under the watering of ambition, not only take root, they are already germinating, they will grow wildly. "To set a big goal, you must focus crazily and continue to work towards it." This is not only the creed of Wayki but also his exhortation to the team. From top to bottom, with this "crazy energy" that constantly surpasses itself and pursues excellence, Waykichain is able to open its doors and build bridges on the road of technological evolution and in the cold winter of the industry. On the high-speed track of the global public chains, WaykiChain built around the three dimensions of "core value as the foundation", "global high consensus" and "mass community expansion", the next goal will be to strive for the top five and even the top 3 positions of the global public chain. Let's wait and see how this heroic epic belongs to us.
Der Filesharing-Tool µTorrent soll mit der Version 3.4.2 Build 38913 ungefragt den Bitcoin-Miner Epic Scale mitinstallieren, um Gewinne für Dritte zu generieren. µTorrent verneint dies allerdings. uTorrent has for long been the quintessential Torrent tracking app for piracy addicts, while its latest version 3.4.2 has been a malware carrier wherein an EpicScale bitcoin miner self-loads or ... Hey so recently I installed utorrent and I saw something about utorrent giving you a bitcoin miner called "epicscale"? I had no idea about this and I'm scared I might have it on my computer is this still in the installer? Or Is it not Am I safe? 10 comments. share. save hide report. 69% Upvoted. This thread is archived. New comments cannot be posted and votes cannot be cast. Sort by. best ... The Epic Scale, installed without the consent of users, is a cryptocurrency mining software that reportedly uses the combined computing power of users to generate Bitcoin income for BitTorrent company. The unwanted software slows down the host computers and is particularly harder to remove from the system. What is Epic Scale? Epic Scale, for context, is a piece of software that purports to use your ‘unused processing power to change the world.’ In short, it mines Bitcoin in the background for ...
Craig Wright: Bitcoin vs Ethereum (380GB blocks/smart contracts/scripts/derivatives/h-frqcy trading)
Graphics card stock has long been tapped out due to cryptocurrency miners, but does what they're doing make any sense? Let's find out. Sign up for Crunchyrol... How to Scale to $1,000,000+ in the Stock Market - Duration: 45 ... EPIC WEEKLY CLOSE!!! #BITCOIN SETTING UP FOR MORE GAINZ!?! - Duration: 9:10. Kevin Svenson Crypto 5,841 views. New; 9:10 . XRP ... Craig Wright: Smart contracts, complex scripts, derivatives, high-frequency trading, scaling Bitcoin for global trade to 1 Billion transactions per second. Bitcoin Technical Analysis & Bitcoin News Today: The Bitcoin price is right now entering into the resistance zone we've been talking about. I'll use technical analysis on the Bitcoin price to make ... Bitcoin network activity is reaching it’s all time high. Hash rate is exploding & active addresses surpassed 1 million daily once again. Who is fueling this ...