coincadence.com ist coincadence.com sicher? - Prüfen Sie ...

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
submitted by j0j0r0 to ethereum [link] [comments]

Implications of Whale pump and dumps.

I'm sure this has been asked before, but I'm new to crypto and it's been fun to learn about.
If Whales contribute to the price of BTC, and as I've read, sell off a bunch of BTC when it hits a price they like...such as $10k. They can just repurchase the BTC when their selling action has dropped the price....them buying such a large amount at a low price will increase the price of the Bitcoin from that singular large re-purchase. So their re-purchase just made the price go up immediately.
My question is about scale and current new investors in BTC. Isn't it flawed to invest if the Whales will sell off again before small investors have a chance at a decent profit...because the Whale will have made a large profit in this "perpetual" money making machine and be satisfied before any real profit can be realized by a small investor. I guess maybe if you can identify and match whale cadence you could play their game. Im sure im missing something here. Thanks for your input
submitted by switchflip27 to BitcoinBeginners [link] [comments]

MKR Holder DAI-gest: Week 19, 2020: Use Bitcoin (WBTC) To Open a Vault on MakerDAO

Use Bitcoin (WBTC) To Open a Vault on MakerDAO

MKR Holder DAI-gest: Week 19, 2020

Governance Recap May 7th, 2020

![Wrapped Bitcoin](https://i.ibb.co/THS6vqn/wbtc.jpg)
MKR Holder DAI-gest is a weekly Maker governance recap that is written by the community for the community. The best source of Maker Community information is through active participation and engagement. This supplemental publication strives to present all relevant facts and remain free of editorial opinion (Big 3 takeaway excepted). The statements made herein are not the opinions or statements of the Maker Foundation.
DAI-gest is Now Available on Amazon Alexa as a Skill. You can enable it at https://skills-store.amazon.com/deeplink/dp/B087NH82D1?deviceType=app&share&refSuffix=ss_copy for all of your Alexa compatible devices. Then say, "Alexa, Open Maker Governance Digest" and you'll hear the latest issue. Coming soon to Itunes.
Subscribe to MKR Holder's DAI-gest on Substack - Free
Corrections / Comments / Suggestions / Other: @adrianhacker-pdx in the Official Maker Forums or [email protected]

Big 3 Take-Aways for the Week:

Dispositioned Governance Agenda

New

Moving

Stalled

Completed

DAI Digits

Governance Polls and Executive Votes

Open Executive Vote: Raise USDC Stability Fee

Passed Executive Vote: Lower USDC SF, Add WBTC, Ratify the Initial MIPs and Subproposals

Passed on May 2, 2020

All recent polls are closed and represented in the most recent Executive Vote. Further information can be found here.

Governance Hot Topics

The New Governance Cycle

Just a reminder, now that the first set of MIPS has passed, the governance cadence will follow the fork on the right:
![New governance cadence diagram](https://i.imgur.com/sny6rOf.png)

Use Bitcoin to Take out a Loan

Right now you can use Eth and BTC to take out loans on the Oasis.app platform at extremely low rates. We're talking 0-1%. Certainly industry best for DeFi right now. To learn how to turn your BTC into wrapped BTC that can be used on the Ethereum blockchain, you can go to https://www.wbtc.network/.

Black Thursday Vault Owners and the Report on Black Thursday Events

There is a thread going here in the forums for vault holders that were liquidated with zero bids. Compensation for some of these vaults is in the works. The report analyzing black Thursday events can be found here. Here is a snipped of the conclusions and recommendations and a big thanks to MakerMan for the undertaking of preparing this report.
![Black Thursday Report](https://i.ibb.co/7WxJfpn/Screenshot-at-10-47-51.png)

Sai Shutdown

The sequence of Sai shutting down is discussed here on the forums and looks something like this:
![Sai Shutdown Diagram](https://i.ibb.co/yB5m2wb/sai.png)
On May 12, 2020 at 16:00UTC Sai will be shutting down completely. Following a 6 hour cool down period, you can redeem any Sai you have left for Eth at migrate.makerdao.com .

The Community Structure of MakerDAO for the Uninformed

In the true spirit of decentralization, there is a lot of work that goes on in the MakerDAO system that is done by various groups. Anyone can get involved. There are foundation members that are pay-rolled by the MakerDAO Foundation, the founding entity of MakerDAO which is in the process of preparing to dissolve in a few years once a trained and competent "governance community" has been created.
Governance community refers to the Maker token holders that can vote on and propose various policies for the system.
Community contributors are folks in the community that have a skill set and provide services to the Dao for compensation. Note: A governance community member can also be a community contributor. There really is not a set hierarchy other than folks who have been contributors for longer that may shepherd new individuals wishing to contribute.
Want to get involved? Pop in at chat.makerdao.com find a room and say hello.

Forum Activity and Signaling

MakerDAO Community and Governance/Risk Forums

Weekly Governance and Risk Meeting

Here is a guide from MakerDAO about becoming involved in Governance. The meeting is held every Thursday, 17:00 UTC. During the postmortem and corrective action phase of the recent crypto market prices and resulting fiasco there has been a daily call. This is expected to drop to two calls over the next week. Please check the forums for information related to ad-hoc governance and risk calls that may be happening.
Governance and Risk Meeting Community Guide * Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform. * Get info on how to connect by phone or webcam. * Explore meeting archives.

Events

submitted by adrianhacker to MakerDAO [link] [comments]

MKR Holder DAI-gest: Week 17, 2020: Action Required: The State of the Peg

Action Required: The State of the Peg

MKR Holder DAI-gest: Week 17, 2020

Governance Recap April 23, 2020

![Imgur](https://i.imgur.com/Jg3loyp.gifv)
MKR Holder DAI-gest is a weekly Maker governance recap that is written by the community for the community. The best source of Maker Community information is through active participation and engagement. This supplemental publication strives to present all relevant facts and remain free of editorial opinion (Big 3 takeaway excepted). The statements made herein are not the opinions or statements of the Maker Foundation.
DAI-gest is Now Available on Amazon Alexa as a Skill. You can enable it at https://skills-store.amazon.com/deeplink/dp/B087NH82D1?deviceType=app&share&refSuffix=ss_copy for all of your Alexa compatible devices. Then say, "Alexa, Open Maker Governance Digest" and you'll hear the latest issue. Coming soon to Itunes.
Subscribe to MKR Holder's DAI-gest on Substack - Free
Corrections / Comments / Suggestions / Other: @adrianhacker-pdx in the Official Maker Forums or [email protected]

Big 3 Take-Aways for the Week:

Dispositioned Governance Agenda

New

Moving

Stalled

Completed

DAI Digits

Governance Polls and Executive Votes

Passed on April 20, 2020: Executive Vote Adjust the USDC, Sai and Dai Stability Fees

Passed on April 25, 2020: Executive Vote Lower USDC SF, Lower USDC LR, Whitelist Oracles, Raise Dai DC, Raise GSM Delay, Deactivate MKR Oracle in SCD

All recent polls are closed and represented in the most recent Executive Vote. Further information can be found here.

Governance Hot Topics

State of the Peg

Since the Black Thursday event of March 12, 2020, DAI has consistently been trading above the one Dollar price soft-peg it is supposed to maintain. Sometimes grossly over peg by over ten cents. In recent weeks it has been slowly trending back to a Dollar but has not quite gotten there.
Confidence has not yet fully returned regarding the recent market volatility. Also, people are holding on to stable coins due to market fears. This has caused a serious lack of DAI liquidity, creating high demand, and affecting the peg.
Prices this last week ranged from one to two cents above peg. Paraficapital, a larger corporate Maker holder in the governance community posted their concerns in the forum and related the sentiment of worry in the ecosystem regarding DAI being off the peg. This brought about immediate discussion and action regarding monetary policy and collateral on-boarding. The most recent passed Executive Vote contains monetary policy to make minting DAI more lucrative from USDC. Also, some exciting new collateral types are being considered for use in the MakerDAO platform. More on that next...

WBTC as a new collateral type?

WBTC also is known as wrapped Bitcoin is currently being evaluated by the Maker governance community to be on-boarded as approved vault collateral. Wrapped Bitcoin is Bitcoin that is held by the WBTC DAO and then tokenized 1:1 on the Ethereum (ERC-20) blockchain. Bitcoin on the Ethereum blockchain you ask!? It's already here, you can trade it on the https://Oasis.app .
Many players in the DeFi ecosystem are excited about this step. Bitcoin is the most popular and most valuable cryptocurrency. While there is a small amount of WBTC use on current DeFi platforms, it was stated that people have been waiting for Maker to adopt WBTC as a collateral type. It was also said that using WBTC as ERC-20 collateral is the primary use case for ERC-20 Bitcoin. Forum links are listed below for this subject.

Other Collateral Considerations

In addition to WBTC, LINK is being considered for on-boarding as approved vault collateral as well as additional stable coins such as PAX and TUSD. All of these collateral options are hoped to help bring back sufficient DAI liquidity and help return the DAI price peg to exactly one Dollar. Again, see below for the forum links regarding these new collateral types.

MIPS 0 - 12 Due for Initial Polling; if Passed Moving on to Executive Vote

MIPS 0 through 12 has been a high focus subject in the governance community for the last few weeks. These are the first documents that spell out a governance and collateral on-boarding framework for a self-sufficient DAO. This is the beginning of the two to three-year process of handing full control of MakerDAO to the governance community and dissolving the foundation. The very nice flow chart below shows the two possible scenarios for approval or rejection of these MIPS in the Timing Governance Poll. Forum links can be found below for further information.
![MIP Implementation Timeline](https://i.imgur.com/sny6rOf.png)

SCD Shutdown

Single Collateral DAI shutdown is very close. An Executive Vote for shutting down SCD is supposed to be posted on or shortly after April 24, 2020. There will then be a 3-week delay for shutting down. This will give time for people to close out their vaults, and hopefully drain the migration contract.
Stability fees are going to be set to zero to incentivize the closing of vaults. If you are still holding SAI as of the time it shuts down, you should be able to redeem your SAI for ETH via the migration portal at https://migrate.makerdao.com

Forum Activity and Signaling

MakerDAO Community and Governance/Risk Forums
Trending Issues in the Forum:

Weekly Governance and Risk Meeting

Here is a guide from MakerDAO about becoming involved in Governance. The meeting is held every Thursday, 17:00 UTC. During the postmortem and corrective action phase of the recent crypto market prices and resulting fiasco there has been a daily call. This is expected to drop to two calls over the next week. Please check the forums for information related to ad-hoc governance and risk calls that may be happening.
Governance and Risk Meeting Community Guide * Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform. * Get info on how to connect by phone or webcam. * Explore meeting archives.

Events

submitted by adrianhacker to MakerDAO [link] [comments]

MKR Holder DAI-gest: Week 15, 2020: Revisiting GSM / The Dark Fix and Introducing MIP3: Governance Cycle

Revisiting GSM / The Dark Fix and Introducing MIP3: Governance Cycle

MKR Holder DAI-gest: Week 15, 2020

Governance Recap April 9, 2020

Apologies for the late release of this issue. I try to publish weekly on Friday or Saturday at the latest after the Governance and Risk call. That will resume this week.
MKR Holder DAI-gest is a weekly Maker governance recap that is written by the community for the community. The best source of Maker Community information is through active participation and engagement. This supplemental publication strives to present all relevant facts and remain free of editorial opinion (Big 3 takeaway excepted). The statements made herein are not the opinions or statements of the Maker Foundation.
Corrections / Comments / Suggestions / Other: [email protected]

Big 3 Take-Aways for the Week:

Dispositioned Governance Agenda

See an item missing? @adrianh

New

Moving

Stalled

Completed

DAI Digits

Governance Polls and Executive Votes

Open Executive Vote Adjust the USDC, Sai and Dai Stability Fees

Opened Apr 9, 2020

Passed Executive Vote: Adjust multiple risk parameters

Passed on Apr 9, 2020

Four Open Polls at Release of this Issue

Sai Stability Fee Adjustment - April 13, 2020

Signal your support to adjust the Sai Stability Fee within a range of 4% to 12%

Dai Stability Fee Adjustment - April 13, 2020

Signal your support to adjust the Dai Stability Fee within a range of 0% to 4.5%

USDC Stability Fee Adjustment - April 13, 2020

Signal your support to adjust the USDC Stability Fee within a range of 8% to 16%

Dai Savings Rate Spread Adjustment - April 13, 2020

Signal your support to adjust the Dai Savings Rate Spread within a range of 0% to 4%

[Closed Poll: Add IRV Ranked Choice Voting to Governance Polls - April 6, 2020]()

Vote breakdown Yes 65,105.08 MKR (99.39%) No 400.00 MKR (0.61%)

Closed Poll: Vault Compensation Poll - April 06, 2020

Vote breakdown Yes 62,306.69 MKR (65.07%) No 33,441.10 MKR (34.93%)

[Closed Poll: Should we initiate the shutdown of the SCD system through an executive vote on April 24th, 2020?]()

Vote breakdown Yes 30,218.16 MKR (61.54%) No 18,883.37 MKR (38.46%)

Current Issues

Because another release will be happening in just a few days, I will leave it up to you to check in on the forums for signaling issues. The dispositioned governance agenda can give you a snap shot of what is moving and what is not this week.

Paying Participants to learn about Cryptocurrency and MakerDAO during the Corona Virus Pandemic

Thanks to a generous grant from MakerDAO, I have begun hosting virtual meet-ups which pay participants 15 Dai to hang out with me on Google Hangouts, learn about cryptocurrency, have a hands on learning lab with the Kovan Test Network, and leave with 15 real Dai. It isn't a lot, but it is something in this strange time where every little resource counts. The training is intended for individuals with zero to very little experience with cryptocurrency. The first session is today, 4/15 and I will be posting the recording in the next day or two in the forums for individuals to check out. I am hosting MakerDAO 101: Dai and Oasis on 4/18 at 7:00p.m. PST and another Intro to Bitcoin and Ethereum on 4/26 at 3:00p.m. PST

Weekly Governance and Risk Meeting

Here is a guide from MakerDAO about becoming involved in Governance. The meeting is held every Thursday, 17:00 UTC. During the postmortem and corrective action phase of the recent crypto market prices and resulting fiasco there has been a daily call. This is expected to drop to two calls over the next week. Please check the forums for information related to ad-hoc governance and risk calls that may be happening.
Governance and Risk Meeting Community Guide * Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform. * Get info on how to connect by phone or webcam. * Explore meeting archives.

Events

submitted by adrianhacker to MakerDAO [link] [comments]

Comparison of transaction fees in Lightning Network to BCH

Firstly, sorry for posting this here, I know this sub is rather for discussing BCH but this is also partly a BTC sub and Lightning Network also concerns BCH.
I do not intent to bash LN, instead I would to have some reasonable discussion of the facts so please correct me if I made a mistake. Let's not turn into another crypto sub brigaded by 12 year olds (you know who I mean).
Since the lightning network development is somehow progressing I noticed that people keep repeating an ambiguous phrase that the transactions will be "virtually feeless", or even gave out specific numbers like several orders of magnitude cheaper than BCH without backing these claims up by data. So I decided to give it a deeper look.
Please note that I talk only about the fee for the actual lightning transaction, not the opening of the channel which would have to be added to the fee
I could find two examples that name the fee specifically, one paid 1092 Satoshi, i.e. 13 cents, with 4 hops and the other paid 547 Satoshi, i.e. 6 cents, with 1 hop. As a comparison the mean fee of BCH is currently below 0.4 cents, so below 1/15 th of both examples for a LN transaction.
Now one might claim that if there are more hubs the fees decreases etc. but one should take into account that both specific examples had comparably few hops (more hops increase the fee) and in real-life applications it is expected that the mean number of hops is 12, so much higher. Now one could argue that if the fees are to high you can just find the cheapest path (basically determine a route on the minimum spanning tree), but this is to my knowledge computationally not really possible for large networks since their computation doesn't scale well (but maybe I misunderstood this part).
Interestingly, the further the testnet and mainnet adoption of LN progresses, the more the narrative of the fees changes from Speed: Instant. Fee: Zero to instant and cheap.
As defense for LN one could argue that these are only two examples (but the only two I could find) and LN is not a finished product, so the fees might decrease in 18 month :-) Also the BCH fee would be 5 times higher if BCH had the same $ value as BTC since we cant pay fewer than 1 sat/byte so we have to pay at least 225 sat. Even in that case BCH would be 2-4 times cheaper. Also the comparison of fees is somehow flawed since the BCH transactions are on chain and therefore much more secure, anonymous and permissionless opposite to second-layer transactions. Furthermore the current LN transactions are capped below roughly 500$ and can't really be done on the mainnet that has only <12% segwit support (Edit: Turns out this point is not valid, thanks to JonathanSilverblood for pointing out my mistake) and we also should not forget about the costs for opening and closing of the channels and the (in my opinion) nasty preloading of funds.
So to sum this up, I could not find any data that supports the claim that LN transactions will be orders of magnitude cheaper than BCH. It seems that the very opposite is true and BCH is cheaper on chain, even if the price increases.
Edit: Changed the links to fit the subs rules for no-participation mode.
Edit2: To be fair it seems that there is an explanation for the 1092 satoshi over 4 hops, he claims that the actual transaction fee is 1 sat flat and that it is a bug. From my understanding this is not true, the fee is set by the channel owner, so it could very well be much higher. Currently to be cheaper than BCH, one lightning transaction had to be cheaper than 35 sat (1 sat/byte gets you in the next block in BCH, makes 225 sat in full, with BCH being 0.155 BTC)
submitted by iago_bot to btc [link] [comments]

TREZOR The Bitcoin Safe Now Available on Amazon.com!

TREZOR - The Bitcoin Safe Now Available on Amazon.com
TREZOR White: http://www.amazon.com/gp/product/B00R6LSAZI
TREZOR Black: http://www.amazon.com/gp/product/B00R6MKDDE
TREZOR Grey: http://www.amazon.com/gp/product/B00R6MRI50
Now enjoy the benefits of purchasing your TREZOR through Amazon.
Same great product, same price, free shipping (free 2 day shipping with Amazon Prime), pay with any available Amazon payment method, next day shipping available.
Amazon in-stock quantities are limited.
SatoshiLabs has teamed up with CoinCadence.com to make the TREZOR available for purchase directly through Amazon.com.
Security: Your TREZOR was shipped directly from SatoshiLabs to Amazon’s secure warehouses in the United States.
Shipping: Shipping and returns are handled by Amazon’s world class fulfillment centers.
Support: For technical support for TREZORs contact [email protected]
Want to pay in bitcoin? visit buytrezor.com (DHL express shipping available, free standard shipping. Shipped from Czech Republic)
TREZOR FAQ: http://doc.satoshilabs.com/trezor-faq/index.html
TREZOR User Manual: http://doc.satoshilabs.com/trezor-use
CoinCadence.com is a SatoshiLabs authorized Amazon reseller.
For more information visit:
http://www.coincadence.com/trezo
http://www.bitcointrezor.com/
To contact CoinCadence: http://www.coincadence.com/contact/
To contact SatoshiLabs: [email protected]
submitted by CoinCadence to Bitcoin [link] [comments]

ANON Development Update (Feb 26th 2019)

ANON Development Update (Feb 26th 2019)
https://medium.com/@nytmarecrypto/anon-development-update-feb-26th-2019-657228e477d
In the spirit of continued transparency, the ANON community admin and Development teams have begun regularly cadenced conference calls to stay abreast of development news, address questions and share community feedback. This consistent feedback loop aims to provide an aggregate platform for 2-way communication with the community. Meetings will spotlight current development focus, next tasks in queue, technical updates, Q&A, and community feedback.

Notes / Recap January & February 2019 Deliverables, Tasks, Open Issues

What is the current status of the zk-SNARKs vulnerability fix?Significant progress has been made on the zk-SNARKs vulnerability fix and the upgrade is pacing to deliver on schedule prior to the end of March. The majority of the required code has now been incorporated. With many libraries changed, the next week will primarily focus on smoothing out errors in compiling. Once smoothed out, the upgrade will then enter the testing phase. You can read more about our plan to address and timeline here.
Will the vulnerability fix have any impact on the planned blockheight or spork activations scheduled?No, the fix has no impact on activations such as Superblocks go live or Development Fund reward split allocation. However, spork timing may be altered as required by network circumstances. i.e. the reward split change activation was delayed as we worked to get miner configuration corrected.
How is ANON pacing with the development roadmap?The team has over delivered and is pacing ahead of schedule on the development roadmap.
In January the team delivered all components of PHASE 1, and was also able to incorporate SPORKS ahead of schedule. ( a March / PHASE 2 component )
  • Masternode Collateral Change
  • New Reward Block Split
  • Superblocks code
  • Governance Changes
  • Sporks * (delivered ahead of schedule)
PHASE 2 components scheduled for MARCH are on pace with Sporks already completed and Superblock control and distribution ready to go live at block 43800. With the urgency of the zk-SNARKs vulnerability taking precedence — Sapling components have swapped places with Masternode+for the period, essentially pulling the update earlier. This will leave fleshing out what remains of Sapling and Masternode+ for the focus of the two months in PHASE 3.

What were the final results of the Coin Burn?At the end of January 2019, ANON hit the long anticipated blockheight of 37,000. This marked the end of the ANON claim period from BTC and ZCL holdings. Since September 10th 2018 — the following were transmuted into ANON:
5,012,100.034231079 BTC1,733,174.679775752 ZCL-T (transparent)8,633.47816196002 ZCL-Z (shielded)
A grand total of 6,753,908.19216905 ANON were distributed to the holders of Bitcoin and ZClassic. From the ANON blockheight of 37,000 onwards, no further claims may be made. Combined with ANON mined post fork, the total circulating supply of ANON is 7.97M (at the time of writing). The current supply is live on the ANON block explorer.
Since the remaining ANON was left unclaimed, approximately 24 million were forever ‘burned’ (removed).
This leaves ANON’s MAX Supply at 20,228,644. It is important to note that this is the upper potential level, and may not be reached due to further burning of unused Superblock rewards.
7.97M ANON Circulating Supply (at time of writing)20.2M ANON Max Supply (upper limit)
Was the blockchain stoppage on Feb 14th avoidable?No — The Superblock allocation activation at Blockheight # 39420 created some nuance that needed to be adjusted by the miners. This was an unforeseen issue that was not apparent until the Superblock allocation went live. It was promptly identified, clarified, and the chain moved again.
What were the blockchain issues that occurred earlier in the month?Two weeks prior to the Block 37,000 changes, ANON developers released ANON v2.0.0. On the 5th of February, ANON began experiencing blockchain issues. It was observed that after block 37,000, blocks were being mined without issuing payments to Masternodes.
This was an issue the team expected, and were prepared to issue a SPORK (SPORK_8_MASTERNODE_PAYMENT_ENFORCEMENT) to combat this. The function of the spork was to ENFORCE masternode payments, and effectively BAN the miner from the network. Unfortunately, when the ANON core team issued the SPORK, they discovered that nodes on the network were not enforcing the payment check.
To bring the network back to normal operation, ANON v2.1.0 was released, and all relevant groups (such as Exchanges, Wallets, Mining Pools etc.) were advised of the update. In some cases, nodes remained on the wrong chain, and the development team subsequently issued ANON v2.1.1 on the 7th of February. Once the updates were applied and hash put back into the network, the ANON blockchain resumed normal functionality.
Has ANON worked to refine the process for the mining community?Yes — The ANON development team completed work ahead of the Block 41,000 implementation of the development fund reward split activation. As most pools utilize “s-nomp”, the team had issued a pull request on GITHUB to ensure that the transition occurs as seamlessly as possible. The pull request has been merged. The spork activation occurred with network monitoring in place, and the development fund allocation is now live.
What is the status of the Co-Pay Wallet?An updated BETA release is scheduled to release for testing internally next week. The wallet now has full functionality of Z transactions, full node capability and Governance and Masternode visibility tools (not creation). An updated release with full Masternode and Governance controls within the wallet are in scope for a MAAPR release once focus can shift away from the priority zk-SNARKS vulnerability fix. The team is currently working to resolve a user experience issue on Windows where unpacking in a directory path with a space in it is causing problems.
What are the statuses of our existing Exchanges? At the time of writing, Cryptopia have yet to issue a formal statement regarding the path forward towards either re-opening, or releasing ANON held. It is our understanding that the ANON held there remains in their wallet and was not compromised. Recent posts on their socials indicate they are working to clarify solvency and the way forward.
Trade Satoshi has placed the ANON wallet “under maintenance” prior to the coin burn and maintained that the update was in progress with the wallet team for weeks through multiple contacts. After the Zcash exploit came to light we received further clarification that the wallet would now remain closed until the vulnerability was addressed by the ANON team. They were notified that the fix is in progress and our ETA.
IDAX continues to be an exchange available to those wishing to trade ANON. Recently IDAX had published noticed that ANON had been scheduled for delisting. After further discussion the exchange has opted to retain ANON for the time being, but expressed their desire to see increased trading volume.
Safe Trade has has done exceedingly well throughout, updating within hours of new code being released, and keeping the community informed. They are establishing themselves as a very responsive and reputable exchange of choice. Currently, they are maintaining manual deposits of ANON until more is known about the Zcash exploit fixes to be made.
What is the status of the Coinone Exchange Listing?It has been confirmed that the exchange does not currently, nor ever did, have ANON slotted for new listing. Unfortunately, the Coinone listing negotiation was falsified by bad actors. Though diligence was taken to verify sources; the scammers had a convincing and sophisticated network to falsify their credibility. This combined with intentional obfuscation under the guise of a language barrier proved to be a challenge to detect. A total of 1.5 BTC was paid for listing, which is now unrecoverable. Though regrettable — key learnings from this experience have been gleaned and adopted to help navigate future negotiations and further mitigate risk.
Are there plans for additional exchanges?The team has made initial contact and submitted application for a select group of exchanges believed to be adequate for the project’s needs. Some of these suggestions have come directly from the community. As responses are received, we will juxtapose these opportunities with the market conditions and evaluate the best course of action. We want to ensure ANON has the liquidity necessary for trading, accumulation and wider exposure. We also want to ensure care is taken so that the existing exchange volume is augmented and not further partitioned.
Can CoinMarketCap be updated to reflect the correct circulating supply?We have submitted the information and API feeds for CMC to update our supply metrics. However, the closure of Cryptopia and maintenance of Trade Satoshi have presented obstacles for the update to circulating supply to occur. Daily volume on tracked exchanges ( SafeTrade is not tracked at this time ) have been insufficient for CMC to derive meaningful market capitalization.
Furthermore, there is a required minimum of 3 active exchanges to give the price metrics the weight and spread to be a true representation of the market. When exchange liquidity resumes, be it by re-opening or new sources, we will revisit and have updated.
What is the SUPERBLOCK funding mechanism?With the activation at blockheight 39420, 2.5 ANON (5% of the block reward) will not be mined with each block. A larger “Superblock” will generate at the end of each period containing this withheld ANON to be automatically distributed to passing proposals for the cycle ( > 25% absolute YES ). The first Superblock will generate beginning block 43,800. Subsequent superblocks will generate every 4380 blocks (approx. 30 days).
When will Governance control of SUPERBLOCKS go live?Direct governance control of Superblock funding is scheduled to go live after block 43800.
When will the Development Fund portion (10%) of the reward split go live? The development fund reward split activation occurred via Spork at block 41000.
Community Request — Can the ANON Block Explorer be updated to reflect the block finding pool? The ANON Block Explorer API has been updated to reflect the “MINED BY” party. This was a request made by the mining community and relayed to the development team.
Community Request — Can the ANON Block Explorer be updated to reflect the CIRC and MAX supply? This has been completed and can be viewed on the Block Explorer “Status” page. https://explorer.anonfork.io/insight/status
Community Request — Can the Masternode treasury funding be moved to a public address? The masternode treasury funding is now located on a public wallet: https://explorer.anonfork.io/insight/address/AnbBKBUXh7GTx7DpHMydoa5EDQdn4Jp4rUB
Community Question - Why was the genesis block so small?At the time of the fork, ANON had switched to a new equihash algorithm that was much harder to find a solution for. Subsequently the developers decreased the difficulty on the genesis block to minimize the time it would take.
Community Question — Was ANON susceptible to the BTCP Hack exploit?ANON was not affected by the issue that caused the BTCP hack. Although our code did present the same vulnerability — it was only actionable during a brief period when the set of airdrop blocks were initially mined. We are well beyond that point in time. The vulnerability was never exploited and it cannot be actioned now. Likewise, our mining of the airdrop UTXO was done internally in a closed circle that did not invite external miners. In the case of BTCP, external miners inserted additional records in the UTXO when the commit went through. We have run a script to analyze ANON’s UTXOs and have confirmed that no additional UTXOs were added.
Will the team implement any measures to address the current hashrate?A proprietary official ANON mining pool is currently in development / testing. More details to come in the near future.
Can the official ANON website be updated / redesigned? A full update to the ANON website has been in progress and will work to incorporate more of our available assets and resources. Anticipated release in early MARCH.
Will the white paper be updated to reflect the many changes since being written? A white paper refresh has been completed and is undergoing additional rounds of edits. Anticipated release in conjunction with the website in early MARCH.
Will there be another ANON bounty program?Current resources are deployed on the vulnerability fix, exchange liquidity and development pathing. If another bounty were to occur it would be when resolution to these issues come into focus.
What is the status of Bounty 2.0 distribution?Bounty 2.0 ended December 30th 2018. Due to the Cryptopia hack, we asked for wallet verification from all participants before sending ANON earned. Delayed distribution began Jan 20th 2019. Verification and distribution will remain an open process through March 30th 2019, allowing participants 10 weeks to follow instructions to confirm details and receive their ANON.
On March 31st 2019 all unverified wallets and unclaimed ANON will be forfeited.
Current Bounty 2.0 Distribution:
  • 61% of all earning wallets have been paid
  • 90% of all ANON earned has been sent
If you have any questions or concerns, please reach out to us via our social channels.


https://preview.redd.it/cur9q3mfi1j21.png?width=128&format=png&auto=webp&s=419db0e6d3e18116163f26f10471ab340fb95d23
The ANON Development and Admin teams are also active in open communication within the ANON socials. We encourage all community members to participate, debate and foster dialogue that will continue to propel the project forward. #WeAreANON
ANON Telegram: https://t.me/ANONFork ANON Discord: https://discord.gg/2yTdK6s ANON Twitter: https://twitter.com/ANON_WeAreANON

submitted by theBigKingsman to AnonymousBitcoin [link] [comments]

Please nitpick my explanation of how USD withdrawal being blocked sends the BTC price up

(and is therefore, of course, good for Bitcoin)
(thanks to Djeser, Cadence and Facehammer on YOSPOS for assistance)
Being unable to get money for bitcoins on Bitfinex then caused the bitcoin price to go up. The mechanism is:
  1. Users have a USD account and a BTC account. They can’t sell their coins and withdraw their cash, but they can buy more coins using their USD account – which contains trapped “dollars” which can’t be used for anything else. Think of it as a Bitfinex “USD” token, not as actual money. (Also, they can put more actual money into their USD account.) The price goes up.
  2. With the higher price on Bitfinex, traders try to arbitrage by buying coins on lower-priced exchanges and selling them on Bitfinex. (Note that the USD from the sale is stuck on Bitfinex.) This raises the price on the other exchanges.
  3. The Bitfinex price is factored into the weighted averages that are commonly cited as “the bitcoin price.” This raises expectations, gets mainstream press and more people get into Bitcoin.
Note that this works even if you can’t get the money out of Bitfinex. Users were also reluctant to remove their BTC from Bitfinex because the “price” was highest there (even if unrealisable) and because they loved it as a trading platform.
The trapped “USD” also gets used to buy other cryptocurrencies – the price of altcoins tends to rise with the price of bitcoins – and this has also fueled new Initial Crowdfunding Offerings, as people desperately look for somewhere to put their unspendable “dollars.”
that last para, btw, will hopefully be cited to a Financial Times article on the ICO bubble coming out some time soon.
submitted by dgerard to Buttcoin [link] [comments]

Bitcoin Ticker Project Guidance

Hello,
I am completely new to Raspberry Pi and coding in general. I decided I want to undertake a project that would let me learn both. I would greatly appreciate any guidance on how to get started i.e. programs i will need, what steps I should take, etc.
My project is going to be to display the price of Bitcoin (refreshing every minute) on a Raspberry Pi touchscreen display along with the 24-Hr change and an arrow depending on whether or not the 24-HR change is positive or negative. Eventually, I'd like for it to display a 24-Hour candlestick chart as well at an hourly cadence.
To get started, I found a python script that basically takes the price from an API and stores it in an array. (Here: https://bitbucket.org/intern0t/scripts/src/f7162ff0a4fb2eec8ba5dc124cd53973f5bb2f6b/CryptoCurrencies.py?at=master&fileviewer=file-view-default)
My plan is to modify this a bit to have an array that stores for the last 24 hours at an hourly interval, and make a calculation to determine if the change has been positive or negative in order to draw an arrow on the display.
I have a few questions: 1) Are there any programs that take a text and display it on a screen? What would be the best way to be able to modify things such as an arrow or having multiple numbers on the display? 2) Any ideas on how I would be able to draw a chart with candlesticks? (This is for much later after I've learned a bit more)
I am just looking for directional guidance seeing as how I have very little knowledge in any of this.
Thanks!
submitted by Wedge5 to RASPBERRY_PI_PROJECTS [link] [comments]

[uncensored-r/BitcoinMarkets] Since Bitcoin was created, right now is the most bullish scenario we have ever seen, the world is...

The following post by CoinCadence is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7gwu7o
The original post's content was as follows:
"this movement is horrifying, unsustainable, and reckless. But it's happening, so wheeeee!!!" _chewtoy_
  • Long term price channel definitively broken upwards, and has become support once already
  • Localbitcoins seeing record volumes basically everywhere https://anacoinda.github.io/localbitcoins/
  • CME Group confirms Bitcoin futures market will start trading December 12th
  • NASDAQ announces bitcoin futures to begin trading 1st 1/2 of 2018
  • Cantor plans to offer BTC binary options
  • CoinBase is consistently signing up over 100,000 new users a day
  • CFTC Commissioner Brian Quintenz "Although there will always be bad actors willing to engage in manipulative or fraudulent practices, the launch of the bitcoin futures contract provides investors with an opportunity to trade bitcoin exposure in a regulated market."
  • GBTC trading at the equivalent of $18,000
  • Yahoo Finance goes full crypto https://finance.yahoo.com/cryptocurrencies/
  • WSJ Markets covering bitcoin daily
  • Schnorr signatures on horizon to increase tx per second and reduce SPAM transactions
  • MAST Transactions on horizon (Merkelized Abstract Syntax Trees) Enables smart contracts, greater privacy, and reduced blockchain usage
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

The BitLicense Dissected: Just The Important Stuff [x-post /r/Bitcoin]

Link to Source
Apologies in advance for any formatting fails.
Full Text:
The finalized New York Department of Financial Services BitLicense has just been published—and it’s about 50 pages of complete and utter gibberish, so I thought I’d try and break it down somewhat for my readers. If you’d like to give it a read through yourself, you can find it here. Let’s dive in. While reading, feel free to imagine bullet points—it will help you keep the cadence.
To begin with, the BitLicense has unfortunately decided to continue using the term Virtual Currency rather than the widely-preferred and more accurate digital currency or cryptocurrency.
“Exchange Service” means a business moving anything of value to or from crypto, including crypto-to-crypto transactions.
200.2.p defines the scope of the definition of Virtual Currency:
Virtual Currency means any type of digital unit that is used as a medium of exchange or a form of digitally stored value. Virtual Currency shall be broadly construed to include digital units of exchange that (i) have a centralized repository or administrator; (ii) are decentralized and have no centralized repository or administrator; or (iii) may be created or obtained by computing or manufacturing effort. Virtual Currency shall not be construed to include any of the following: (1) digital units that (i) are used solely within online gaming platforms, (ii) have no market or application outside of those gaming platforms, (iii) cannot be converted into, or redeemed for, Fiat Currency or 6 Virtual Currency, and (iv) may or may not be redeemable for real-world goods, services, discounts, or purchases. (2) digital units that can be redeemed for goods, services, discounts, or purchases as part of a customer affinity or rewards program with the issuer and/or other designated merchants or can be redeemed for digital units in another customer affinity or rewards program, but cannot be converted into, or redeemed for, Fiat Currency or Virtual Currency; or (3) digital units used as part of Prepaid Cards;
The definition includes Ripple and Stellar as well as all decentralized cryptocurrencies. The standard is clearly not intended to include Isk or World of Warcraft gold (as noted by them being digital units that are used solely within online gaming platforms), but they do not “have no market or application outside of those gaming platforms,” as there are real world values associated with both—they can be bought and sold for US dollars on a pseudo-black market. I imagine if this ever goes to court, that they will rule for intent; but that’s really not what we’re focused on, so let’s move on.
200.2.q.1 clearly exempts any company that uses the blockchain without working with the monetary utilities of bitcoin—e.g. Proof of Existence is not performing a “Virtual Currency Business Activity,” because the transaction is “…undertaken for non-financial purposes and does not involve the transfer of more than a nominal amount of virtual currency.” This same provision would similarly exempt a business whose only purpose was to create colored coins, or anyone else seeking simply to use the blockchain as a secure and globalized information repository.
Very importantly, 200.2.q exempts the creation and dissemination of software that creates decentralized cryptocurrencies from being a Virtual Currency Business Activity. However, the creation of a centralized cryptocurrency, like Ripple or Stellar, WOULD be a Virtual Currency Business Activity, per 200.2.q.5 (“controlling, administering, or issuing a Virtual Currency.”)
Other things that are clearly Virtual Currency Business Activities:
Running an exchange. Running any sort of Virtual Currency investment vehicle. ANY service that allows for deposits in Virtual Currency from customers. Buying or selling Virtual Currency to or from customers. Virtual Currency escrow services. Merchants and consumers that utilize Virtual Currency solely for the purchase or sale of goods or services or for investment purposes (not on behalf of others, but on a personal basis) are exempt from the licensing requirement. Also exempted are entities chartered under the New York Banking Law who are approved by the superintendent to engage in Virtual Currency Business Activity.
I’m going to skip over describing the mundane details of the application process. Suffice to say that it is about as stringent as one would expect; background checks, lots of paperwork, etc.
Flat $5,000 application fee. Makes things very easy for startups, of course. /s
The superintendent shall declare an amount of capital, upon studying the activities and scope thereof of the licensee, that shall be held in an amount and form that the superintendent determines is sufficient to ensure the financial integrity of the licensee. In other words: reserves need to be held, the superintendent decides them on a case-by-case basis. Licensee’s may hold this capital in cash, Virtual Currency, and various high-grade investments, in proportions deemed acceptable by the superintendent.
Section 200.9.b stipulates no Virtual Currency fractional reserves.
Any “new” products (i.e. those not yet in the marketplace in New York State) must be approved by the NYDFS / Superintendent.
Transaction records (including customer names and addresses—an AML/KYC provision) must be kept for a minimum of 7 years.
Full financial inspection by the NYDFS at least every 2 years. Quarterly financial statements made to the NYDFS. Annual audited financial statements.
Section 200.15 lays out the necessary anti-money-laundering provisions. Nothing particularly out of the ordinary here.
Section 200.16 makes clear the cybersecurity requirements of Licensee’s. In short—Licensee’s must create cybersecurity policies and do penetration testing on themselves. They have to perform security audits, etc. Good, sound policy—and probably one of the main advantages of the NYDFS BitLicense branding on a business: consumer guarantee of cybersecurity.
Sections 200.18 & 200.19 lay out necessary consumer disclosures, in advertising and prior to transacting. You’ll likely see something like the following on most NYDFS BitLicense’d company websites in the future:
[Disclaimer: Virtual Currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of Virtual Currency. Transactions in Virtual Currency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some Virtual Currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction. The value of Virtual Currency may be derived from the continued willingness of market participants to exchange Fiat Currency for Virtual Currency, which may result in the potential for permanent and total loss of value of a particular Virtual Currency should the market for that Virtual Currency disappear. There is no assurance that a Person who accepts a Virtual Currency as payment today will continue to do so in the future. The volatility and unpredictability of the price of Virtual Currency relative to Fiat Currency may result in significant loss over a short period of time. The nature of Virtual Currency may lead to an increased risk of fraud or cyber attack. The nature of Virtual Currency means that any technological difficulties experienced by the Licensee may prevent the access or use of a customer’s Virtual Currency. Any bond or trust account maintained by the Licensee for the benefit of its customers may not be sufficient to cover all losses incurred by customers.] In some ways this disclaimer seems standard, in others it’s rather prejudicial. I’m glad the NYDFS is advertising our favorite part of cryptocurrencies, though: that it’s not backed by the government. Still, the language here is vague enough so as to be… relatively fair. I don’t think it’s necessary for them to make claims about the volatility or the fact that the market for it could disappear—but they’re simply doing what they believe they need to in order to protect their consumers.
Overall? Bullish news. The license is not overly stringent, does not require IMMENSE resources (although it is quite costly, and means that anyone with less than around $2MM in working capital is shut out), and seems to generally understand what it should and should not apply to.
What are your thoughts?
submitted by Kerrai to BitcoinMarkets [link] [comments]

Bitcoin Ticker Project Help

Hello,
I am completely new to Raspberry Pi and coding in general. I decided I want to undertake a project that would let me learn both. I would greatly appreciate any guidance on how to get started i.e. programs i will need, what steps I should take, etc.
My project is going to be to display the price of Bitcoin (refreshing every minute) on a Raspberry Pi touchscreen display along with the 24-Hr change and an arrow depending on whether or not the 24-HR change is positive or negative. Eventually, I'd like for it to display a 24-Hour candlestick chart as well at an hourly cadence.
To get started, I found a python script that basically takes the price from an API and stores it in an array. (Here: https://bitbucket.org/intern0t/scripts/src/f7162ff0a4fb2eec8ba5dc124cd53973f5bb2f6b/CryptoCurrencies.py?at=master&fileviewer=file-view-default)
My plan is to modify this a bit to have an array that stores for the last 24 hours at an hourly interval, and make a calculation to determine if the change has been positive or negative in order to draw an arrow on the display.
I have a few questions: 1) Are there any programs that take a text and display it on a screen? What would be the best way to be able to modify things such as an arrow or having multiple numbers on the display? 2) Any ideas on how I would be able to draw a chart with candlesticks? (This is for much later after I've learned a bit more)
I am just looking for directional guidance seeing as how I have very little knowledge in any of this.
Thanks!
submitted by Wedge5 to codeprojects [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-01-09 to 2017-02-08 00:18 PDT

Period: 29.84 days
Submissions Comments
Total 999 46557
Rate (per day) 33.48 1507.53
Unique Redditors 653 6643
Combined Score 110856 177455

Top Submitters' Top Submissions

  1. 3932 points, 2 submissions: tuqqs
    1. Clearly not mainstream yet (2808 points, 104 comments)
    2. what it'll look like, when it happens (1124 points, 195 comments)
  2. 3593 points, 19 submissions: helmsk
    1. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months (2316 points, 151 comments)
    2. Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies (317 points, 102 comments)
    3. Polish Bitcoin Adoption Escalating with Strong Ecosystem (86 points, 4 comments)
    4. Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This Year (74 points, 3 comments)
    5. Pakistan Set to Become a Major Bitcoin Hub (72 points, 49 comments)
    6. UAE Did Not Ban Bitcoin (72 points, 2 comments)
    7. Europe Committed to Tightening Digital Currency Rules by End of 2017 (71 points, 23 comments)
    8. How to Start Your Own Bitcoin ATM Business (67 points, 15 comments)
    9. Coincheck's Growth Reveals Surging Japanese Bitcoin Trade (62 points, 8 comments)
    10. How Trump's Wall and Remittance Tax Could Give Bitcoin a Boost (60 points, 23 comments)
  3. 3177 points, 2 submissions: futureofeverything
    1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami (3136 points, 227 comments)
    2. Why Venezuela's Currency Crisis Is A Case Study For Bitcoin (41 points, 1 comment)
  4. 2577 points, 7 submissions: Pizpie
    1. Welcome to Bitcoin, everyone. Don't worry, he'll recover. (1353 points, 155 comments)
    2. Breaking: Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange (485 points, 160 comments)
    3. Breaking: Bitcoin exchange Coinbase receives New York BitLicense (242 points, 55 comments)
    4. Canada Goose is thinking about accepting Bitcoin - Let them know what you think! (191 points, 49 comments)
    5. Confirmed: Huobi reactivates margin trading, with a limit of 100k CNY instead of 10 million CNY. (160 points, 79 comments)
    6. BREAKING: Huobi official announcement: We are considering charging trading fees. (80 points, 25 comments)
    7. Breaking: PBOC strikes again - Lending disabled on BTCC (66 points, 70 comments)
  5. 1941 points, 1 submission: bahatassafus
    1. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! (1941 points, 31 comments)
  6. 1338 points, 1 submission: kynek99
    1. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. (1338 points, 96 comments)
  7. 1294 points, 1 submission: umbawumpa
    1. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA (1294 points, 182 comments)
  8. 1272 points, 2 submissions: Butt_Cheek_Spreader
    1. When you ride the bitcoin rally (1189 points, 204 comments)
    2. OKcoin and Huobi provided margin trading that violated rules resulting in abnormal price and fluctuations. (83 points, 28 comments)
  9. 1258 points, 4 submissions: dan_from_san_diego
    1. I started mining bitcoin in the desert. Here's some of what I have learned. (516 points, 575 comments)
    2. Chase is closing my account due to bitcoin purchases. Nice. (478 points, 410 comments)
    3. Here are some pictures of the solar greenhouse in the desert I am using to mine bitcoin. (140 points, 303 comments)
    4. Man... Brian Kelly from CNBC really fell hard for bitcoin. I like that! (124 points, 27 comments)
  10. 1250 points, 10 submissions: PoCaMiQu
    1. Can we fucking acknowledge that the Chinese Government just legitimized bitcoin? (604 points, 154 comments)
    2. WTF Huffington Post <---Fake News: "Bitcoin Plummets On Yuan Reversal" (218 points, 71 comments)
    3. This is what I like to see when checking daily's finances. (122 points, 22 comments)
    4. Beautiful balance (71 points, 13 comments)
    5. Reminder: Bitcoin's immutability is not only not a bug, but its main feature. Scalability comes secondary to it. (44 points, 20 comments)
    6. Bitcoin Price Gets Ready to Factor In Winklevoss Bitcoin ETF Approval (43 points, 24 comments)
    7. Paxful - a global leader in peer-to-peer bitcoin technology - has launched a new widget, allowing anyone to buy bitcoin worldwide instantly with over 300 ways to pay. (41 points, 34 comments)
    8. Scaling Revisited: What If Bitcoin's Big 'Problem' is Its Great Strength? (38 points, 16 comments)
    9. Flashback to the 90's: Interviewer asks Fed Chair "What is Blockchain?" (37 points, 21 comments)
    10. It seems all those FUD mongers were wrong when they predicted the price would crash without China's "liquidity" (32 points, 13 comments)
  11. 1155 points, 16 submissions: eragmus
    1. Ben Davenport (BitGo CTO): "Centralization of mining has led to some miners thinking they're in charge of Bitcoin. They forgot where Bitcoin's value comes from." (169 points, 112 comments)
    2. [Twitter Poll] Charlie Lee (Director of Engineering @ Coinbase): "What's the most important feature of Bitcoin that we must not sacrifice? Decentralization, Security, Low fees, Global payments" (116 points, 62 comments)
    3. Hernz: "Did you know you can get paid to help spread misinformation? -birds dot bitcoin dot com-" (hosted by Roger Ver) (106 points, 38 comments)
    4. The Passion of 'Bitcoin Jesus': How The Blockchain's Most Beloved Investor Became its Most Polarizing (101 points, 52 comments)
    5. Jonas Nick: "MimbleWimble blockchain (non-interactive coinjoin + pruning) may be able to support Lightning" / ref: Andrew Poelstra @ lists.launchpad.net/mimblewimble/msg00022.html (96 points, 19 comments)
    6. Bitcoin Core - IRC Meeting Summary (January 19, 2016) (83 points, 16 comments)
    7. Bitcoin Core - IRC Meeting Summary (January 12, 2016) (68 points, 7 comments)
    8. WhalePanda: "Analyzed @rogerkver's 'Cry Wolf' tactic on censorship on /bitcoin." (59 points, 16 comments)
    9. Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts (52 points, 8 comments)
    10. Bitcoin Core - IRC Meeting Summary (January 5, 2016) (51 points, 2 comments)
  12. 1155 points, 14 submissions: castom
    1. Russian Authorities: Bitcoin Poses No Threat, Won’t Be Banned (575 points, 80 comments)
    2. Bitcoin Goes to Washington - Trump May Hire More Digital Currency Leaders (86 points, 50 comments)
    3. With Another $30 Million Investment, BitFury becomes the Highest-funded Bitcoin Company (80 points, 3 comments)
    4. Nigeria's Bitcoin Interest Unwavering Despite Government Crackdown (64 points, 3 comments)
    5. German TV Calls Bitcoin "Digital Gold" (46 points, 3 comments)
    6. A Town in Illinois Just Announced It's Holding a Bitcoin Sale (46 points, 9 comments)
    7. Coinbase CEO: IRS Battle Could Cost Startup $1 Million (43 points, 15 comments)
    8. Xapo Now Licensed to Operate from Switzerland (39 points, 2 comments)
    9. Bitcoin Payments Startup BitPesa Raises $2.5 Million (32 points, 0 comments)
    10. Lawsuit Accuses Bitcoin ATM Owner of Smashing Competing Machines With Hammers (31 points, 18 comments)
  13. 1140 points, 4 submissions: bdd4
    1. sigh (859 points, 189 comments)
    2. As Predicted. 🙄 PBoC (137 points, 86 comments)
    3. Friendly Reminder: Bitcoin is still up 2.6% for the last 30 days (94 points, 8 comments)
    4. Dead Man's Switch for HODLers (50 points, 84 comments)
  14. 1104 points, 3 submissions: Vaultoro
    1. "Great minds discuss ideas; average minds discuss events; small minds discuss people." can we please stop this culture of bashing or lifting cults of personality and get back to science? (807 points, 143 comments)
    2. The house of Nakamoto in the main shopping strip of Vienna gets massive new bitcoin logo signage 2 stories big, 4 times 4 meters of epic propaganda! (265 points, 32 comments)
    3. I saw a post here that little snitch takes bitcoin. I just purchased a copy! Great little app and well worth 30 bucks. (32 points, 9 comments)
  15. 1088 points, 3 submissions: Carlscrazyidea
    1. You can now buy Bitcoin from any 7-11 in the Philippines! (1021 points, 136 comments)
    2. What is my impact as a Bitcoin holder? (41 points, 45 comments)
    3. I am a Hodling noob who still has a lot of Hodling work to do! (26 points, 30 comments)
  16. 1060 points, 7 submissions: Bitcohen
    1. Mercedes Buys Bitcoin Service Provider in 'Digitization Strategy' (518 points, 70 comments)
    2. Mercedes-Benz cars are now being sold for Bitcoin in Venezuela (348 points, 68 comments)
    3. Dutch Pirate Party pays 11,250 Euro deposit in Bitcoin to Electoral Council (68 points, 9 comments)
    4. Amir Taaki & Cody Wilson's Bitcoin support described by film critic as “defense of criminality” at Sundance Film Festival 2017 (44 points, 13 comments)
    5. Russia's Kaliningrad May Trial 'Legal' Bitcoin, Launch Exchange (31 points, 2 comments)
    6. Bitcurex Owner 'Disappears' After Failing to Return 2,300 BTC (26 points, 2 comments)
    7. Liverpool Launches Own Digital Currency Based on Bitcoin's Blockchain Tech - Attracts 3,000 Users in First Month (25 points, 1 comment)
  17. 1009 points, 1 submission: worstkeptsecrets
    1. Bitcoin on NewEgg. 3rd option! Ahead of Credit Card and PayPal! #ITSHAPPENING (1009 points, 92 comments)
  18. 975 points, 1 submission: SooieSide
    1. You can't get to the moon on a roller coaster. (975 points, 73 comments)
  19. 941 points, 4 submissions: Logical007
    1. UPDATE: Nearly all of Circle's 5 Star Ratings have disappeared today for their latest version (Jan 5th). A stark difference to what we saw earlier, looks like action was taken. (633 points, 177 comments)
    2. Bloomberg: Wyre CEO: "Bitcoin is a good investment for everyone." (VIDEO (188 points, 13 comments)
    3. Bitcoin isn't 'real money'. Google, you need to work on your search results. (85 points, 38 comments)
    4. Coinbase, please fix your merchant invoices on iOS 10. They haven't worked properly for months (while BitPay's work perfectly). Details and screenshot inside. (35 points, 5 comments)
  20. 896 points, 1 submission: amendment64
    1. Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it. (896 points, 1017 comments)
  21. 884 points, 2 submissions: theswapman
    1. Bitcoiner interrupts Shia LaBeouf's "He Will Not Divide Us" stream with chant that Bitcoin Will Unite Us! (456 points, 204 comments)
    2. PSA: Xapo will freeze your bitcoin and demand documents AFTER you have deposited (428 points, 101 comments)
  22. 820 points, 3 submissions: MorrisMustang
    1. South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging! (709 points, 66 comments)
    2. "See, bitcoin is down 9.75% over the past month...I told you it crashed..." says my wife (72 points, 64 comments)
    3. EthereRum by South Florida Distillers, the worlds first rum distilled from mining heat. Stayed tuned for more details. (39 points, 21 comments)
  23. 799 points, 5 submissions: finalhedge
    1. Patrick Byrne (Overstock CEO) on Fox Business Channel today (288 points, 57 comments)
    2. "Sent my first instant bitcoin LN payment to a random irc user on testnet. Second-layer tech for the win!" | Justin Camarena on Twitter (250 points, 64 comments)
    3. Balaji Srinivasan (21 CEO) just deleted his whole tweet history. Heading to the FDA? (137 points, 69 comments)
    4. BARRY SILBERT'S BITCOIN INVESTMENT TRUST FILES FOR IPO (99 points, 10 comments)
    5. Bloomberg: 'Blockchain' Fans Will Have A Rude Awakening In 2017 (25 points, 2 comments)
  24. 798 points, 9 submissions: FluxSeer
    1. Gemini Introduces Zero-Confirmation Bitcoin Deposits (205 points, 69 comments)
    2. Bitcoin Mining Distribution 2012 vs. 2017 (146 points, 69 comments)
    3. When someone says Bitcoin is a ponzi/scam/etc... Send them this link. (131 points, 24 comments)
    4. Developer Release for OpenBazaar 2.0 (123 points, 45 comments)
    5. Federal Reserve Staffer Fined for Mining Bitcoins at Work (62 points, 4 comments)
    6. A Future Led by Bitcoin Unlimited is a Centralized Future (56 points, 38 comments)
    7. Blockstream joins Digital Garage to jointly develop next-generation financial technology (33 points, 15 comments)
    8. Bitcoin Matrix Wallpaper (1920x1080) (23 points, 6 comments)
    9. The ECB Explains Why Central Banks Can't Go Bankrupt (19 points, 7 comments)
  25. 796 points, 1 submission: kidblondie
    1. [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat. (796 points, 938 comments)
  26. 709 points, 1 submission: silver_89
    1. Liftoff (709 points, 282 comments)
  27. 697 points, 2 submissions: Tfoe1399
    1. Huge shoutout to BTC.com for giving me back my money (666 points, 91 comments)
    2. So this just happened (31 points, 101 comments)
  28. 691 points, 3 submissions: jholmes91
    1. Antonopoulos Supports SegWit, Opens Doors For Lightning and TumbleBit (315 points, 112 comments)
    2. Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA (220 points, 137 comments)
    3. Japanese Internet Giant GMO Announces Entrance to Bitcoin Wallet Market (156 points, 14 comments)
  29. 688 points, 2 submissions: belcher_
    1. bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails (543 points, 428 comments)
    2. Segwit talk by Pieter Wuille. 25 minutes talk time (145 points, 21 comments)
  30. 673 points, 9 submissions: Lite_Coin_Guy
    1. Litecoin Moves to Adopt Bitcoin's SegWit Scaling Upgrade (155 points, 86 comments)
    2. If Bitcoin ETF approval ignites speculative rush, doesn't that prove intense latent demand, blocked only by the SEC? (120 points, 22 comments)
    3. Big miners are free to create their Unlimited coin, but if they try to kill Bitcoin it will resist censorship and route around it. (108 points, 103 comments)
    4. What is money? (93 points, 56 comments)
    5. Charlie Shrems next jail time? (50 points, 15 comments)
    6. In 1996 they said the Internet was in need of a "killer app". In 2016, they said #Bitcoin needed a "killer app", too. (39 points, 17 comments)
    7. Introduction to Bitcoin & Blockchains (38 points, 5 comments)
    8. Evaporative Two-Phase Immersion Cooling (Bitfury) (37 points, 6 comments)
    9. Crypto '98 Rump Session- Hal Finney (33 points, 8 comments)
  31. 635 points, 8 submissions: olivercarding
    1. Bitcoin Has Many Fans at Amazon According to Purse CEO Andrew Lee (152 points, 39 comments)
    2. Bitcoin is Closing in On Its Transaction Capacity Limit, For Real This Time (110 points, 155 comments)
    3. The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme (105 points, 50 comments)
    4. How Bitcoin Is Disrupting The Online Gambling Industry (98 points, 74 comments)
    5. Report Estimates There are More Than 10 Million Bitcoin Holders Worldwide (91 points, 54 comments)
    6. Blockchain Announces Expansion in Middle East; Partners with Dubai Government (32 points, 7 comments)
    7. 3 Teams Receive Funding from $1.2 Million Bitcoin Development Grant, More Funds Incoming (27 points, 7 comments)
    8. Digital Garage and Blockstream Collaborate on New Blockchain Solutions for Japanese Market (20 points, 0 comments)
  32. 630 points, 1 submission: classna
    1. FOMO-ing right now (630 points, 85 comments)
  33. 621 points, 7 submissions: _smudger_
    1. Bitcoin: Why It Now Belongs in Every Portfolio (206 points, 33 comments)
    2. Bitcoin ETF may attract $300 million in the first week, says Needham & company (205 points, 103 comments)
    3. It's time to start thinking about denominating Bitcoins in mBTC permanently. Might be the last time to buy some for less than a dollar each! (82 points, 127 comments)
    4. Big China bitcoin exchange says no government pressure on outflows (46 points, 6 comments)
    5. New weekly record in Local Bitcoin volumes plus new highs in Canada, Colombia, Denmark, Saudi Arabia, Thailand and Venezuela (36 points, 1 comment)
    6. Despite the recent drop the price is hitting new records when averaged over a year (24 points, 10 comments)
    7. Press Release: CD Key retailer CJS CD Keys now Accepting Bitcoin (22 points, 3 comments)
  34. 597 points, 1 submission: arichnad
    1. mac has the new bitcoin Unicode character already! (597 points, 81 comments)
  35. 594 points, 1 submission: drvox1600
    1. Bitcoin just hit $1000 USD! :D (594 points, 147 comments)
  36. 573 points, 4 submissions: bitcoinglobe
    1. Japanese internet giant, GMO, entering bitcoin exchange and wallet markets (451 points, 26 comments)
    2. Abra overview (52 points, 22 comments)
    3. Japan Could See 20,000 Bitcoin Accepting Merchants in 2017 - CryptoCoinsNews (44 points, 5 comments)
    4. Bitcoin is gold with a teleporter (26 points, 2 comments)
  37. 567 points, 9 submissions: PrimeParticle
    1. "Introduction to Bitcoin" - Andreas Antonopoulos (Probably one of the best videos for introducing bitcoin). (131 points, 7 comments)
    2. Venezuela's currency now worth so little shopkeepers weigh vast piles of notes instead of counting them (118 points, 42 comments)
    3. Coins are cheaper in China by $30 to $50 dollars for the first time in a long time, that means... (92 points, 87 comments)
    4. Andreas Antonopoulos - The Death of Money | London Real (57 points, 1 comment)
    5. Abra: Bitcoin To Fiat Withdrawals At Tellers Globally! - 2017 North American Bitcoin Conference (47 points, 14 comments)
    6. Remember that you can use CPFP or RBF to get your transactions confirmed faster. (45 points, 46 comments)
    7. Bitcoin Q&A: The Lightning Network & Rootstock (30 points, 1 comment)
    8. Public Perception of Bitcoin is Slowly Shifting Amid Global Financial Turmoil (25 points, 1 comment)
    9. Bitcoin is shrugging off some big news of out of China (22 points, 1 comment)
  38. 561 points, 1 submission: kevsudos
    1. Bitcoin Hodlers Be Like........ (561 points, 96 comments)
  39. 543 points, 1 submission: turn-down-for-what
    1. $1,000! (543 points, 49 comments)
  40. 539 points, 1 submission: BlahYourHamster
    1. [META] Can we use the Bitcoin Rollercoster Guy as the upvote and downvote arrows? (539 points, 49 comments)
  41. 538 points, 7 submissions: themetalfriend
    1. The real superhero (210 points, 15 comments)
    2. Countries where you can survive on Bitcoin (map) (76 points, 88 comments)
    3. How practical is it to live on Bitcoin: historical progress (gif) (63 points, 40 comments)
    4. Among the countries with the strongest Bitcoin adoption: Slovenia, Finland, Singapore, Hong Kong, Canada, Switzerland (63 points, 13 comments)
    5. Long-term bitcoiner checking this sub (51 points, 9 comments)
    6. The complete list of the factors that influence the value of Bitcoin (45 points, 29 comments)
    7. Will Bitcoin work on Mars? (30 points, 41 comments)
  42. 521 points, 2 submissions: roasbeef
    1. Announcing the Alpha Release of the Lightning Network Daemon! (427 points, 152 comments)
    2. Setting up and Testing LND with the Testnet Lightning Faucet (94 points, 7 comments)
  43. 506 points, 1 submission: ToTheMoonGuy
    1. Super Bowl Bitcoin Lady (506 points, 37 comments)
  44. 484 points, 1 submission: ssienk117
    1. My new Phone background. Thanks u/SooieSide/ (484 points, 30 comments)
  45. 472 points, 2 submissions: Wingsuit
    1. I think duck duck go should improve their decimal accuracy (386 points, 41 comments)
    2. Bitcoin achieves leetness in Australia (86 points, 12 comments)
  46. 470 points, 1 submission: robertgenito
    1. The REAL good ol' days of bitcoin... (470 points, 103 comments)
  47. 444 points, 1 submission: loserkids
    1. Bitcoin saved my ass in South East Asia (444 points, 115 comments)
  48. 441 points, 1 submission: boyber
    1. LibreTaxi, free and open source UbeLyft alternative to connect passengers and drivers - bitcoin integration on the way! (441 points, 94 comments)

Top Commenters

  1. nullc (2659 points, 215 comments)
  2. kidblondie (2127 points, 89 comments)
  3. BashCo (1530 points, 293 comments)
  4. dellintelbitcoin (1400 points, 372 comments)
  5. smartfbrankings (1141 points, 265 comments)
  6. belcher_ (1031 points, 149 comments)
  7. Frogolocalypse (986 points, 322 comments)
  8. dan_from_san_diego (949 points, 554 comments)
  9. Cryptolution (851 points, 226 comments)
  10. Vaultoro (822 points, 100 comments)
  11. thieflar (792 points, 231 comments)
  12. Lite_Coin_Guy (748 points, 219 comments)
  13. Cryptoconomy (728 points, 134 comments)
  14. Coinosphere (723 points, 282 comments)
  15. luke-jr (718 points, 141 comments)
  16. waxwing (707 points, 117 comments)
  17. bitsteiner (658 points, 157 comments)
  18. BitttBurger (646 points, 157 comments)
  19. shesek1 (607 points, 132 comments)
  20. pb1x (595 points, 76 comments)
  21. jratcliff63367 (591 points, 45 comments)
  22. supermari0 (587 points, 131 comments)
  23. bitusher (581 points, 96 comments)
  24. 4n4n4 (576 points, 79 comments)
  25. coinjaf (562 points, 225 comments)
  26. glockbtc (541 points, 168 comments)
  27. 45sbvad (539 points, 102 comments)
  28. killerstorm (536 points, 119 comments)
  29. adam3us (527 points, 66 comments)
  30. maaku7 (527 points, 63 comments)
  31. nopara73 (523 points, 120 comments)
  32. phor2zero (499 points, 66 comments)
  33. PrimeParticle (496 points, 108 comments)
  34. sreaka (495 points, 155 comments)
  35. jonny1000 (488 points, 98 comments)
  36. CoinCadence (487 points, 77 comments)
  37. SatoshisCat (480 points, 150 comments)
  38. petertodd (473 points, 24 comments)
  39. spoonfednonsense (472 points, 126 comments)
  40. Hitchslappy (472 points, 102 comments)
  41. albuminvasion (466 points, 84 comments)
  42. Taek42 (456 points, 44 comments)
  43. chrisrico (452 points, 87 comments)
  44. AnonymousRev (451 points, 115 comments)
  45. the_bob (443 points, 114 comments)
  46. satoshicoin (438 points, 65 comments)
  47. Riiume (434 points, 83 comments)
  48. exab (430 points, 125 comments)
  49. jimmajamma (422 points, 141 comments)
  50. brg444 (421 points, 69 comments)

Top Submissions

  1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami by futureofeverything (3136 points, 227 comments)
  2. Clearly not mainstream yet by tuqqs (2808 points, 104 comments)
  3. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months by helmsk (2316 points, 151 comments)
  4. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! by bahatassafus (1941 points, 31 comments)
  5. Welcome to Bitcoin, everyone. Don't worry, he'll recover. by Pizpie (1353 points, 155 comments)
  6. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. by kynek99 (1338 points, 96 comments)
  7. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA by umbawumpa (1294 points, 182 comments)
  8. When you ride the bitcoin rally by Butt_Cheek_Spreader (1189 points, 204 comments)
  9. what it'll look like, when it happens by tuqqs (1124 points, 195 comments)
  10. You can now buy Bitcoin from any 7-11 in the Philippines! by Carlscrazyidea (1021 points, 136 comments)

Top Comments

  1. 380 points: Tyatku's comment in When you ride the bitcoin rally
  2. 340 points: Vaultoro's comment in Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it.
  3. 323 points: jamesdpitley's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  4. 290 points: Clutch70's comment in Clearly not mainstream yet
  5. 212 points: BitcoinDreamland's comment in South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging!
  6. 206 points: bitpotluck's comment in FOMO-ing right now
  7. 195 points: howardkinsd's comment in Clearly not mainstream yet
  8. 182 points: beloboi's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  9. 181 points: BattleChimp's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  10. 179 points: kidblondie's comment in [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat.
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Bitcoin Storms Past $10,000 Milestone Cryptocurrencies - YouTube Seven Stages Of Empire - Hidden Secrets Of Money Episode 2 ... Tutorial Allegro Design Planning Topological What is TruCadence? - Sales Engagement Platform Overview

Bitcoin finished up its worst year yet, as the price of the popular cryptocurrency plummeted by over 80 percent over 2018, Coindesk reported. In addition, the digital currency’s total ... Latest Bitcoin price and analysis (BTC to USD) Read full article. Oliver Knight. July 10, 2020, 3:45 AM . Bitcoin is moving into the typically low volume weekend following a 3.1% decline in the ... Blockchain-based Cadence becomes recipient of FIGI. Cadence will be available through a new listing with Bloomberg terminal. The Cadence platform allows consumers to convert their commercial debt into ERC-20 tokens. The platform has recently made headlines is for becoming the first blockchain-based financial instrument to obtain a Financial ... (RTTNews) - Cadence Design Systems (CDNS) Monday reported a third-quarter profit of $161.63 million or $0.58 per share, up from $101.51 million or $0.36 per share last year. Cadence, an American blockchain-based alternative investment provider, has launched an investment platform for debt, according to a press release on July 10. By launching its private credit investment platform, Cadence aims to bring more transparency and efficiency to the asset class in order to help companies grow their businesses.

[index] [44594] [14037] [19792] [1954] [48278] [25363] [41970] [18568] [19154] [14726]

Bitcoin Storms Past $10,000 Milestone

Bitcoin Cash CEO Roger Ver Coinbase Price Prediction & BCH Giveaway Roger Ver BCH 1,283 watching Live now Warren Buffett - The World's Greatest Money Maker - Duration: 59:03. Trezor Bitcoin Wallet "Ranked #1" $99 Discount Price Links Below.. https://buytrezor.com?a=RiKB2bQC86 https://buytrezor.com?a=j[email protected] Support My C... Visit: http://HiddenSecretsOfMoney.com & http://GoldSilver.com Bonus videos: http://goldsilver.com/hidden-secrets-money/?utm_source=YouTube&utm_medium=VideoD... Cadence Minerals CEO, Kiran Morzaria, explains where the value lies in the company’s assets. He says that just one of seven projects has a net present value well in excess of the company’s ... Skip navigation

#