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ZKC - Ethereum killer, Rootstock killer, or Crypto-alloy? /r/Bitcoin

ZKC - Ethereum killer, Rootstock killer, or Crypto-alloy? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Wrapped Bitcoin on Ethereum Close to Overtaking Lightning Network in Value

Wrapped Bitcoin on Ethereum Close to Overtaking Lightning Network in Value submitted by DiggingTech to ethereum [link] [comments]

Daily General Discussion - November 26, 2018

Welcome to the Daily General Discussion thread of /EthTrader.
Thread guidelines:
Resources and other information:
  • Find the latest Altcoin Discussion thread in this search listing.
  • Newcomers who have basic questions about Ethereum can find answers by visiting /EthereumNoobies or our Ethereum Education wiki page, see here.
  • To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.
Enjoy!
submitted by AutoModerator to ethtrader [link] [comments]

Cryptocurrency Software Development Company Malaysia

Cryptocurrency Software Development Company Malaysia – Software Blockchain department specializes in providing high-end solutions for Blockchain and Cryptocurrencies. CryptoSoft Malaysia, Blockchain department has vast experience in building and reviewing security applications, a deep understanding of the Blockchain technology, and comprehensive knowledge of the cryptocurrency world – thus offering top-notch Blockchain software development services.
Cryptocurrency Development Company Malaysia-Cryptocurrency can be developed on many platforms. You can build your blockchain that is either a bitcoin, litecoin or monero fork. The cryptocurrency development will have all the features like Bitcoin, Litecoin or Monero and can be customized as per requirements.
Our services start at the planning phase, building the architecture, choosing the best technical solutions, defining the product specifications and planning the R&D process. We offer full solution including UI & UX design, integration, QA, deployment and support.
BLOCKCHAIN CONSULTING
Consulting whether blockchain is the best solution for your product.

BLOCKCHAIN DEVELOPMENT
Consultation and implementation of transferring your processes to a Blockchain based technology.

PRIVATE BLOCKCHAIN DEVELOPMENT
Implement a private Blockchain in your organization.

SMART CONTRACTS DEVELOPMENT
Writing smart contract code in RootStock for Bitcoin and Solidity for Ethereum.

ARCHITECTURE PLANING FOR BLOCKCHAIN BASED SOFTWARE
Planning the architecture and choosing the best software solution for your Blockchain based software.

SMART CONTRACTS AUDIT
Review smart contracts for misbehavior, flaws and inefficiency.

DEVELOPING APPLICATIONS ON BLOCKCHAIN
Develop special applications on Blockchain, such as wallets, exchanges, loan platforms, supply chain platforms and more.

SWIFT RESPONSE
He who comes first gets it all. We know the importance of time in the Crypto-Currency field. With emerging competitive technology to back us, our professionals will incorporate with you and help you get a clear understanding of the business objectives.

OUTPERFORMED TECHNICAL EXPERTISE
We have a panel of Crypto-Currency developers who will guide you through every step of Crypto-Currency development from its inception to launch with high-quality work and expertise.

ICOs


Full scale solution for your Initial Coin Offerings (ICO) on Ethereum (ERC20):

The amazing accomplishment fulfilled by Bitcoin has cleared new ways Cryptocurrency development services. A few Cryptocurrencies have created since the dispatch of Bitcoin and new keep coming every so often. All these Cryptocurrencies are from the main Bitcoin source-code and these are as often as possible called “Bitcoin Clones or Altcoins.” Being the world’s first digital currency, Bitcoin has been an immense accomplishment. Additionally, since it is open-source, anyone can use the same to make another Cryptocurrency.
CryptoSoft Malaysia teams take pride in ourselves that we have the resources to create a flawless Crypto-Currency development company with unmatched reputation.

Secured, Reliable and Transparent

Blockchain as a basis has its own set of security rules and features to start with. At Infinite Block Tech, we aid you to develop a secure code for your Crypto-Currency development service that will promise to be reliable and transparent Crypto-Currency development services from us. What we do..


#Cryptocurrency Software Developers malaysia#Malaysia Cryptocurrency developer#Malaysia Cryptocoin developers#Bitcoin Software Development company Call / Whatsapp : +60164998736
https://www.cryptoappfactory.com
submitted by cryptoappfactory_kl to u/cryptoappfactory_kl [link] [comments]

Cryptocurrency Software Development Company Malaysia

Cryptocurrency Software Development Company Malaysia
Cryptocurrency Software Development Company Malaysia – Software Blockchain department specializes in providing high-end solutions for Blockchain and Cryptocurrencies. CryptoSoft Malaysia, Blockchain department has vast experience in building and reviewing security applications, a deep understanding of the Blockchain technology, and comprehensive knowledge of the cryptocurrency world – thus offering top-notch Blockchain software development services.
https://preview.redd.it/hp49t6x08s551.png?width=636&format=png&auto=webp&s=09ed9c8d4381bd41db4abc6d52007c821059e207
Cryptocurrency Development Company Malaysia-Cryptocurrency can be developed on many platforms. You can build your blockchain that is either a bitcoin, litecoin or monero fork. The cryptocurrency development will have all the features like Bitcoin, Litecoin or Monero and can be customized as per requirements.
Our services start at the planning phase, building the architecture, choosing the best technical solutions, defining the product specifications and planning the R&D process. We offer full solution including UI & UX design, integration, QA, deployment and support.
BLOCKCHAIN CONSULTING
Consulting whether blockchain is the best solution for your product.
BLOCKCHAIN DEVELOPMENT
Consultation and implementation of transferring your processes to a Blockchain based technology.
PRIVATE BLOCKCHAIN DEVELOPMENT
Implement a private Blockchain in your organization.
SMART CONTRACTS DEVELOPMENT
Writing smart contract code in RootStock for Bitcoin and Solidity for Ethereum.
ARCHITECTURE PLANING FOR BLOCKCHAIN BASED SOFTWARE
Planning the architecture and choosing the best software solution for your Blockchain based software.
SMART CONTRACTS AUDIT
Review smart contracts for misbehavior, flaws and inefficiency.
DEVELOPING APPLICATIONSON BLOCKCHAIN
Develop special applications on Blockchain, such as wallets, exchanges, loan platforms, supply chain platforms and more.
SWIFT RESPONSE
He who comes first gets it all. We know the importance of time in the Crypto-Currency field. With emerging competitive technology to back us, our professionals will incorporate with you and help you get a clear understanding of the business objectives.
OUTPERFORMED TECHNICAL EXPERTISE
We have a panel of Crypto-Currency developers who will guide you through every step of Crypto-Currency development from its inception to launch with high-quality work and expertise.

ICOs

Full scale solution for your Initial Coin Offerings (ICO) on Ethereum (ERC20):
  • Analyzing your product/service
  • Proposing Blockchain solutions
  • ICO pricing strategy
  • Marketing strategy
  • Writing whitepaper
  • Token creation / smart contract
  • ICO crowdsale management
The amazing accomplishment fulfilled by Bitcoin has cleared new ways Cryptocurrency development services. A few Cryptocurrencies have created since the dispatch of Bitcoin and new keep coming every so often. All these Cryptocurrencies are from the main Bitcoin source-code and these are as often as possible called “Bitcoin Clones or Altcoins.” Being the world’s first digital currency, Bitcoin has been an immense accomplishment. Additionally, since it is open-source, anyone can use the same to make another Cryptocurrency.
CryptoSoft Malaysia teams take pride in ourselves that we have the resources to create a flawless Crypto-Currency development company with unmatched reputation.

Secured, Reliable and Transparent

Blockchain as a basis has its own set of security rules and features to start with. At Infinite Block Tech, we aid you to develop a secure code for your Crypto-Currency development service that will promise to be reliable and transparent Crypto-Currency development services from us. What we do..
  • Smartcontract development
  • Custom Coin development
  • Decentralized Coin / Token Landing page with clear communication of vision
  • Dashboard for investors with 3 stages: Pre-Decentralized Token, Decentralized Token and Burn Decentralized Token
  • Accept Top 10 Virtual currencies along with Fiat Wire Transfer, Credit & Debit Cards
  • Coin Owner Dashboard to take full control of the events
  • Time based referral bonus for investors
  • Multi tier Referral bonus for investors
  • Promo codes for evangelists
  • Coin drop to all wallets based on their deposit and cumulative bonus count
  • Review of the core project documents Legal
  • Completely optimized professional Whitepaper written by an expert
  • Recommendations on White Paper, web page, key press releases
  • Drafting or review of legal documents Terms of Use, agreements, Privacy Policy, warranties, disclaimers, risk factors
  • Ongoing Legal advice on Decentralized Token specifics throughout the token sale
  • Decentralized Token Marketing
  • Marketing consultations Guidance on marketing tools setup from Decentralized Token experts
  • Consultations on Decentralized Token PR specifics Ongoing consulting throughout the PR campaign
  • A Preset PPC account with predefined keywords and targeted tools Reach the target audience of token purchasers
  • Targeted marketing strategy 65+ battle-tested tools for your team to use, with impact description
  • Featured Article on Forbes and VentureBeat
  • Featured Article on Steemit, HuffingtonPost and Medium
  • Dedicated person Decentralized Token marketing team manning Reddit, Telegram and Slack Channel
  • Evangelizing on Facebook and Twitter
#Cryptocurrency Software Developers malaysia#Malaysia Cryptocurrency developer#Malaysia Cryptocoin developers#Bitcoin Software Development company Call / Whatsapp : +60164998736http://mlmsoftwarecompany.com.my/
submitted by MLMsoftwarecompanykl to u/MLMsoftwarecompanykl [link] [comments]

Cryptocurrency Software Development Company Malaysia

Cryptocurrency Software Development Company Malaysia – Software Blockchain department specializes in providing high-end solutions for Blockchain and Cryptocurrencies. CryptoSoft Malaysia, Blockchain department has vast experience in building and reviewing security applications, a deep understanding of the Blockchain technology, and comprehensive knowledge of the cryptocurrency world – thus offering top-notch Blockchain software development services.
Cryptocurrency Development Company Malaysia-Cryptocurrency can be developed on many platforms. You can build your blockchain that is either a bitcoin, litecoin or monero fork. The cryptocurrency development will have all the features like Bitcoin, Litecoin or Monero and can be customized as per requirements.
Our services start at the planning phase, building the architecture, choosing the best technical solutions, defining the product specifications and planning the R&D process. We offer full solution including UI & UX design, integration, QA, deployment and support.
BLOCKCHAIN CONSULTING
Consulting whether blockchain is the best solution for your product.
BLOCKCHAIN DEVELOPMENT
Consultation and implementation of transferring your processes to a Blockchain based technology.
PRIVATE BLOCKCHAIN DEVELOPMENT
Implement a private Blockchain in your organization.
SMART CONTRACTS DEVELOPMENT
Writing smart contract code in RootStock for Bitcoin and Solidity for Ethereum.
ARCHITECTURE PLANING FOR BLOCKCHAIN BASED SOFTWARE
Planning the architecture and choosing the best software solution for your Blockchain based software.
SMART CONTRACTS AUDIT
Review smart contracts for misbehavior, flaws and inefficiency.
DEVELOPING APPLICATIONSON BLOCKCHAIN
Develop special applications on Blockchain, such as wallets, exchanges, loan platforms, supply chain platforms and more.
SWIFT RESPONSE
He who comes first gets it all. We know the importance of time in the Crypto-Currency field. With emerging competitive technology to back us, our professionals will incorporate with you and help you get a clear understanding of the business objectives.
OUTPERFORMED TECHNICAL EXPERTISE
We have a panel of Crypto-Currency developers who will guide you through every step of Crypto-Currency development from its inception to launch with high-quality work and expertise.

ICOs

Full scale solution for your Initial Coin Offerings (ICO) on Ethereum (ERC20):
The amazing accomplishment fulfilled by Bitcoin has cleared new ways Cryptocurrency development services. A few Cryptocurrencies have created since the dispatch of Bitcoin and new keep coming every so often. All these Cryptocurrencies are from the main Bitcoin source-code and these are as often as possible called “Bitcoin Clones or Altcoins.” Being the world’s first digital currency, Bitcoin has been an immense accomplishment. Additionally, since it is open-source, anyone can use the same to make another Cryptocurrency.
CryptoSoft Malaysia teams take pride in ourselves that we have the resources to create a flawless Crypto-Currency development company with unmatched reputation.

Secured, Reliable and Transparent

Blockchain as a basis has its own set of security rules and features to start with. At Infinite Block Tech, we aid you to develop a secure code for your Crypto-Currency development service that will promise to be reliable and transparent Crypto-Currency development services from us. What we do..
#Cryptocurrency Software Developers malaysia#Malaysia Cryptocurrency developer#Malaysia Cryptocoin developers#Bitcoin Software Development company Call / Whatsapp : +60164998736https://ogsoftwaresolutions.com.my/
submitted by ogsoftwaremalaysiakl to u/ogsoftwaremalaysiakl [link] [comments]

Cryptocurrency Software Development Company Malaysia

Cryptocurrency Software Development Company Malaysia – Software Blockchain department specializes in providing high-end solutions for Blockchain and Cryptocurrencies. CryptoSoft Malaysia, Blockchain department has vast experience in building and reviewing security applications, a deep understanding of the Blockchain technology, and comprehensive knowledge of the cryptocurrency world – thus offering top-notch Blockchain software development services.
Cryptocurrency Development Company Malaysia-Cryptocurrency can be developed on many platforms. You can build your blockchain that is either a bitcoin, litecoin or monero fork. The cryptocurrency development will have all the features like Bitcoin, Litecoin or Monero and can be customized as per requirements.
Our services start at the planning phase, building the architecture, choosing the best technical solutions, defining the product specifications and planning the R&D process. We offer full solution including UI & UX design, integration, QA, deployment and support.
BLOCKCHAIN CONSULTING
Consulting whether blockchain is the best solution for your product.

BLOCKCHAIN DEVELOPMENT
Consultation and implementation of transferring your processes to a Blockchain based technology.

PRIVATE BLOCKCHAIN DEVELOPMENT
Implement a private Blockchain in your organization.

SMART CONTRACTS DEVELOPMENT
Writing smart contract code in RootStock for Bitcoin and Solidity for Ethereum.

ARCHITECTURE PLANING FOR BLOCKCHAIN BASED SOFTWARE
Planning the architecture and choosing the best software solution for your Blockchain based software.

SMART CONTRACTS AUDIT
Review smart contracts for misbehavior, flaws and inefficiency.

DEVELOPING APPLICATIONS ON BLOCKCHAIN
Develop special applications on Blockchain, such as wallets, exchanges, loan platforms, supply chain platforms and more.

SWIFT RESPONSE
He who comes first gets it all. We know the importance of time in the Crypto-Currency field. With emerging competitive technology to back us, our professionals will incorporate with you and help you get a clear understanding of the business objectives.

OUTPERFORMED TECHNICAL EXPERTISE
We have a panel of Crypto-Currency developers who will guide you through every step of Crypto-Currency development from its inception to launch with high-quality work and expertise.

ICOs


Full scale solution for your Initial Coin Offerings (ICO) on Ethereum (ERC20):

The amazing accomplishment fulfilled by Bitcoin has cleared new ways Cryptocurrency development services. A few Cryptocurrencies have created since the dispatch of Bitcoin and new keep coming every so often. All these Cryptocurrencies are from the main Bitcoin source-code and these are as often as possible called “Bitcoin Clones or Altcoins.” Being the world’s first digital currency, Bitcoin has been an immense accomplishment. Additionally, since it is open-source, anyone can use the same to make another Cryptocurrency.
CryptoSoft Malaysia teams take pride in ourselves that we have the resources to create a flawless Crypto-Currency development company with unmatched reputation.

Secured, Reliable and Transparent

Blockchain as a basis has its own set of security rules and features to start with. At Infinite Block Tech, we aid you to develop a secure code for your Crypto-Currency development service that will promise to be reliable and transparent Crypto-Currency development services from us. What we do..


#Cryptocurrency Software Developers malaysia#Malaysia Cryptocurrency developer#Malaysia Cryptocoin developers#Bitcoin Software Development company Call / Whatsapp : +60164998736www.cryptosoftmalaysia.com
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

Okcoin adding Ethereum trading.

So 2 out of 3 largest Chinese exchanges have now added ethereum.
submitted by xredorbluex to btc [link] [comments]

Re-Launching The Borderless, Unkillable Crypto-Fiat Gateway, DAIHard. Enter or Exit Crypto via Any Fiat and Any Payment Method, Anywhere in the World, Without KYC. All you need is a little Dai.

Some of you might recall recall our initial facepalm failed launch about 3 months ago (post-mortem here). Well, we're back--this time with an audit and some new features. This version of DAIHard should should die a little harder this time ;)

The Audit

After shopping around a bit in the auditor space, we decided to go with Adam Dossa--the very same Adam Dossa that actually found our launch vulnerability and responsibly disclosed it to us! You can see his report here. By the way, Adam has been a gem: friendly, professional, timely, and flexible. Definitely keep him in mind if you need an audit!

(Re)Introducing DAIHard

Following is an updated version of our original launch post. If you've already read that, you might want to skip to the heading What's New in v0.9.2. Or you can go straight to the app or go to our info site for more info!
Here is a legitimate concern most of us are familiar with:
To enter or exit the crypto economy, we rely on centralized exchanges such as Coinbase, which track their users, impose limits, and are tightly coupled to their jurisdiction and its banking system. And for all we know, any day now regulations could start tightening these controls further (*we've actually seen some of this play out in the two months since our first launch post). In light of this, can we say in any meaningful sense that crypto is anonymous, limtiless, borderless, immune to regulation, and (most importantly) unstoppable?
To really address this concern, we need a completely decentralized gateway between fiat and crypto: something that extends the benefits of crypto to the very act of moving between the old and new economies. But the design of such a platform is far from obvious.
(Localethereum comes close, but as discussed under Unkillable, it doesn't quite cut it. And Bisq is decentralized, but has significant UX hurdles.)
We believe we've found a solution. We are proud to present:

DAIHard v0.9.2 - Almost Definitely Not Broken This Time

If you want to jump right in, we recommend first watching our latest usage demo (7 min), then diving in and giving it a shot with a small amount of Dai. (Try it on Kovan first if mainnet is too scary!)
DAIHard extends many of the promises of crypto (borderless, anonymous, limitless, unstoppable) into the exchange mechanism itself, allowing anyone, anywhere to bypass centralized exchanges and the control they impose.
More concretely, DAIHard is a platform, run on smart contracts, for forming one-off crypto/fiat exchanges with other users, in which:
Again, our latest usage demo (7 min) shows this process in action.

Two drawbacks

You Need either xDai, or both Dai and Ether, to Use The Tool (At Least For Now)

If you want to buy Dai on DAIHard, you must already have Dai--1/3 of the amount you want to purchase--to put up as a burnable deposit. For example, if you only have 10 Dai now, you can only commit to buying 30 Dai, and must complete that trade before using the newly bought Dai to open up a bigger offer (for up to 120 Dai that time).
Most tragically of course, this means that if you don't already have some crypto, you can't use this tool to get crypto--this is why we avoid calling DAIHard an onramp specifically. This comes from the fact that both parties must have "skin in the game" for the game theory to work, and a smart contract can only threaten to burn crypto.
We have some ideas on how to address this drawback in the not-too-distant future, which we'll write about soon. For now it's time to launch this thing and get some users!

Dangerous and Scary To Use

In rare cases, a user may have to burn Dai and face a loss on the entire trade amount. The necessity of this ever-present risk is explained in detail in DAIHard Game Theory.
However, a cautious, rational user can gather information (possibly via our [subreddit](daihard)!) about how people have used the tool, successfully and unsuccessfully. They can then create a buy or sell offer with wisely chosen settings based on what has worked for others. Other cautious, rational users can find this offer and commit to the trade if they dare. We expect the vast majority of committed trades should involve rational, cautious users, and should therefore resolve happily.
Still, inevitably there will be sloppy trades that result in burns. As the tool is used, we'll be keeping a close eye on the frequency of burns and keeping you guys updated (perhaps via a "System Status" utility similar to the one found on MakerDao's explorer). In the end, though, we expect the risk in using DAIHard to be comparable to the risk of using any exchange or DNM: ever-present but low enough for the platform to be useful as whole.
So, while DAIHard will never shut down and can't perform an exit scam, the bad news is it's not risk-free. Users will have to approach DAIhard with the same level of caution they would with any new exchange (albeit for different reasons and with a different approach).
So what's the good news?

The Good News

While these drawbacks are significant, they enable some remarkable features that no other crypto/fiat exchange mechanism can boast.

Unkillable

(Correction: Bisq seems to have a decentralized arbitration system)
We are aware of no other crypto/fiat exchange platform that is truly unkillable. Bisq and localethereum comes close, but both localethereum relies on centralized processes of arbitration. This means their fraud-and-scam-prevention system can be sued, jailed, or otherwise harrassed--and if that part stops working, it doesn't matter how decentralized the rest of the system was.
DAIHard, in contrast, gives the users the power to police and punish each other, via the aforementioned credible threat of burn. This is simple game theory, and the rules of this game are etched permanently into the DAIHard Factory and Trade contract code: impervious to litigation, regulation, and political pressure.
This Factory contract has no owner and no suicide or pause code. It cannot be stopped by us or anyone else.
Like Toastycoin, this thing was immortal the moment it was deployed (even more immortal than RadarRelay, for example, which does rely on an ownership role). Both DAIHard and Toastycoin (and probably whatever we build next) will last for as long as a single Ethereum node continues mining, and it will remain easy to use as long as someone can find the HTML/JS front-end and a web3 wallet.
(The HTML/JS front-end (built in Elm, by the way, with the lovely elm-ethereum!) is currently hosted on Github pages, which is centralized--but even if Github takes down the page and deletes the code, it's a minor step to get the page hosted on IPFS, something that is on our near-term roadmap in any case)

No KYC, No Limits

It's smart contracts all the way down, so DAIHard never asks any nosy questions--if you have Metamask or some other web3 wallet installed and set up, with some ETH and Dai (or just xDai), you can immediately open or commit to a trade. You don't even need a username!
(In fact, we're so inclusive, even machines are allowed--no CAPTCHA here!)
You're limited only by the collateral you put up, so if you have 10,000 Dai you could open up a buy offer for 30,000 Dai (or a sell offer for 10,000 Dai) right now.
We do reccommend trying the tool out first with a small amount of Dai... But we're not your mom! Do what you want!

Borderless

It simply doesn't matter where you are, because DAIHard doesn't need to interface with any particular jurisdiction or payment system to work. DIAHard works by incentivizing people (or robots?) to navigate the particular real-world hurdles of bank transfers, cash drops, or other fiat transfer methods. These incentives work whether you're in America, Zimbabwe, or the Atlantic; they work whether the fiat is USD, EUR, ZAR, seashells, or Rai Stones; and they work whether your counterparty is a human, an organization, a script, or a particularly intelligent dog with Internet access.

Any Fiat Type, and Highly Customizeable

Here are some examples of the types of trades you might create or find on DAIHard.
As the DAIHard community grows, users will doubtless find much more creative ways to use the system, and we will discover together which types of trades are reliable and which are more risky. Because users can set their own prices and phase timeout settings, we expect the risky trades to charge a premium or have longer time windows, while the reliable ones rapidly multiply at close to a 1:1 price ratio, with quick turnaround times.

Extensible (with profit) by Third Parties

Not satisfied with our interface? Do you have some nifty idea for how to display and organize user reputation? Or maybe some idea for how trades could be chained togeher? Maybe you'd like to design a notification system for DAIHard? Maybe you just want a different color scheme!
Well, you won't need our permission to do any of this. Any tool that watches the same Factory contract will share the pool of trades, regardless of which tool actually creates the trade. This means we don't even have to fight over network effects!
And if you look closely at our fee structure, you might notice that only half of the 1% DAIHard fee is "hardcoded" into the Factory contract. The other half is set and charged by our interface. What does this mean for you? If you go out and make a better interface, you can essentially replace half of our 1% fee with your own fee--it's up to you whether it's smaller or larger than the replaced 0.5%.
The reason for this is to explicitly welcome other developers to extend what we've built. For as long as our team is the only one improving the platform, a threat to us is a threat to future upgrades. But if others begin extending the DAIHard platform too, then DAIHard will not only be unstoppable as it is today, but also grow unstoppably.

(For Real This Time) This Is a Big Fucking Deal

DAIHard is a turning point in crypto and a breakthrough in decentralized markets, and is an irreversible augmentation of the Ethereum platform.
What we've built is a gateway to crypto completely devoid of centralized components--rendering entry and exit to crypto unkillable, flexible, borderless, and private. Centralized exchanges, and the control they impose, can now be bypassed by anyone with Dai and a web3 wallet.

What's New in v0.9.2

There have been many changes made since our first failed launch, but there are two rather important ones: xDai support and reputation tools.

xDai support

DAIHard is now operational on xDai, a sidechain whose native token (xDai) is pegged to the Dai (and therefore $1). Add the xDai network to your Metamask (or just install Nifty Wallet), then switch to the xDai network in your wallet, to try it out. xDai has some pretty incredible benefits, compared to vanilla Ethereum:

Reputation tools

We now have a few reputation tools. First, on any open trade, there is a widget showing the number of releases, aborts, and burns the given address has been involved in as that role (buyer or seller). Clicking on this expands the widget to show more detailed information, and also provides a link to a page that lists each trade this user has been or is involved in.

What's next?

We have tons of ideas on how to improve the product--too many, in fact, to commit to any before we get a good chunk of user feedback. Here are some of our favorite ideas:

Near-Term, Smaller Features

  1. Lots of usability improvements.
  2. A "System Status" utility similar to the one found on MakerDao's explorer).
  3. Marketplace / My Trades rework.
  4. A "QuickTrade" page, offering Trade Templates as an alternative to the current Create Offer page.

Big Exciting Features

  1. Bootstrapping people with no DAI via other mechanisms and community outreach.
  2. Partial commits to trades. eg. Place a 10,000 DAI trade and allow it to be picked up in blocks larger than 500 DAI at a time.
  3. More chains, get this thing working on Bitcoin via Rootstock, on Ethereum Classic and Binance Chain.

Stay Informed!

A lot of the above features will be prioritized more clearly as we get user feedback, and we will be posting fairly frequent updates and articles on our info site. If you don't want to miss anything, note the subscribe widget and sign up!
submitted by coinop-logan to ethereum [link] [comments]

Why I still think Ethereum will pass Bitcoin and never look back

I'm in crypto since the birth of BTC. About 2 to 3 years ago, when Ethereum was traded at 1 USD (yes) I moved all my BTC to ETH and didn't look back. From then to now, I've watched my small investment grow to millions in almost no time. I didn't sell a cent, I didn't even move my Eth at all, even after watching it go from 1400 back to 80 usd again. Why? Let me show you one thing.
https://www.reddit.com/ethereum/
This thing. Take a look at this. At any time of the day, at any day of the week. Compare it to https://www.reddit.com/bitcoin, or https://www.reddit.com/btc, or any other subreddit in the world. Tell me any other subreddit that looks like that. While other subreddits spend most of their time and resources on random political discussions, Ethereum keeps silently building the new world economy, and you can watch that, live, on that subreddit.
Have you seen DAI? The fact a fully decentralised stable coin and margin market survived the most extreme crypto winter in history is almost a miracle. You may not remember but that was one of Crypto's biggest flaws and now we have the solution for it. On Ethereum. And it just works.
Have you seen StarkWare? It is easily the most advanced real cryptography company in the world, they're building snarks/starks which are essentially the philosopher's stone of crypto, they subsume and generalize almost every other cryptographic primitive as a single fundamental primitive, and guess where it is being built? Ethereum.
Have you stopped to think how much of the top 100 currencies are Ethereum tokens?
I could go on and on, but the point I'm trying to make is something everyone silently knows. Bitcoiners know it, Bitcoin Cash enthusiasts know it, alternative coin enthusiasts know it. The entire field feels like a shill playground right now, all the loud kids trying to pump their favorite coin, while the "serious adults" work. While progress on every other coin has pretty much stagnated, an entire decentralised economy is being built on Ethereum, right now. What has Bitcoin accomplished in the last 3 years? And what Ethereum has? The most exciting new tech they have is LN, but they forget that there is no point in having an ultra-fast decentralised currency if all services built around it are centralised. And that's exact how things work today: for every centralised Bitcoin service or app, there is a decentralised Ethereum smart contract. Now, take a breath and think honestly: if Satoshi was alive right now, what project would he be proud about?
The only thing that could put doubt on my mind that Ethereum will soon take the first place is if we had another smart-contract project capable of competing with it. And what we got? EOS, fully centralised. Cardano, a beautiful project, but still vaporwar'ish; even if it delivers innovation, it has 2-3 years of dapp-development / network effect to catch up, which will probably not happen, since Ethereum can easily adopt any of its innovations anyway. Rootstock failed to deliver. What else? Nothing. Despite many attempts, it is clear nobody managed to put a competition to Ethereum.
As soon as Ethereum starts showing clear signs of strength, it isn't stopping. It almost passed Bitcoin once, and it is clearly a matter of time until it does. I have no doubt of that. That's why I didn't touch a single coin I hold: as long as Ethereum is still behind BTC, I know there is room to growth. Surely, if it passes Bitcoin tomorrow, it'll still be far from its ATH. But that's my personal benchmark. As soon as news start noticing about "what is this Ethereum thing that everyone is talking about", then I know it is time to sell some of my stake. Some, of course, because, after that, the fight will then be Ethereum vs USD / EUR. And I know who is winning that too...
submitted by moo_ha_ha to ethtrader [link] [comments]

Is Smart Contracts a Failure?

Welcome to Bitcoinland. If you imagine me as a troglodyte from the Internet - you are probably right.
As you know, there's RootStock on Bitcoin, which is a smart contract compatible with Ethereum. Although the project is in a very preliminary phase, I started to think about the idea of smart contracts.
Personally I would divide (initially) Smart contracts into 4 groups
* Projects that support the Ethereum as a currency. Such as Zk-Snarks, Raiden etc. or by Ethereum as Bitcoin is a means of payment. Here, smart contracts make sense, but they're half-hearted. They support Ethereum, but probably not in the sense of the idea of Smart Contracts (unstoppable applications). * ICO / DAO - projects that are created on a speculative bubble. Most of them die, most of them are created on the basis of the same code. * Casino (and maybe games) * Other applications like DeFi
Of course, I'll point out here, I don't follow projects at Ethereum. Maybe it is a great technology, and I omitted a lot of important things. I tried to find out from other colleagues who have Ethereum what is cool, but I guess they do not know exactly.
DEX. Personally, I am a fan of decentralised exchanges, systems that will allow to develop cryptocurrency technology by eliminating intermediaries who get hacked or steal money. I am a fan of e.g. Bisq, where I can (hypothetically at least) buy cryptocurrency with fiats or other crypto.
However, many ETH exchanges do not allow this. They allow ETHs to be exchanged for other tokens on ERC20 and vice versa. No wonder, because it is much easier to do (probably than creating contracts that verify transactions on other crypto). It seems to me that here Ethereum solves a problem that he created himself.
There's a lot about loans on Ethereum (or DAI) lately. At first I thought - Wow, this is very good news.
However, from what I understood, these are loans to speculate on money more (??). As an example of application I got such a thing:
- You want to borrow 1000 DAI (for example) - You deposit 1050 DAI (You must deposit more than you borrow, because commissions + motivation to repay the loan). - You exchange (for DEX?:P) DAI for Ethereum. - Ethereum to the moon - You sell Ethereum (part of it at least) and repay the loan by recovering e.g. 1040 DAI, and at the same time you are richer with Ethereum.
If you fail, the money goes to cover the debt.
I do not see a consumer application here. It's not worth buying a house or a computer if I need more money than I want to borrow. Here it is better to create a system of "social" loans, which are risky but cheaper at the same time?
My question is, are there any interesting solutions for which Smart contracts are suitable? Do they really compete with centralized solutions and solve big problems? I'd write that maybe it's technology overhype, but somebody could kill me.
submitted by lordfervi to ethereum [link] [comments]

My obsession with crypto started late 2016 and here's how I ended up viewing Bitcoin. Am I misguided or do I have a good understanding?

Bitcoin being an amazing technology but mostly misunderstood spawned a unique group of followers. These early adopters have spent a considerable amount of time defending Bitcoin from crypto nay-sayers and a plethora of other Bitcoin clones. Their efforts were justified and rewarded given BTC is currently trading at ~$2700.
However, this group of early adopters/staunch supporters having been tempered over time are being viewed as narrow-minded gaining the title Bitcoin Maximalists. Mainly, this is in response to the growing number of crypto-coins competing in the space not so much the defending of Bitcoin to crypto nay-sayers given that battle has already been won and crypto is being widely adopted.
The previous crypto climate had numerous bitcoin clones which didn't really add value and only obfuscated the benefits of crypto. The current climate of crypto is different from the previous with new, viable and creative crypto projects happening frequently. Given the ingrained sentiment of Bitcoin Maximalists these new crypto ventures are met with distrust.
In addition, the fundamentals of Bitcoin are being challenged by these new projects where new lines of thinking and code might be better. Enter Ethereum, of all the "Alt coins" (a widely used term to bucket every crypto other-than Bitcoin) Ethereum stands tall with an innovation they brand as "smart-contracts". These smart-contracts are really just lines of code written on the Ethereum block chain which differs from the typically block content of amounts and addresses. These lines of code create a platform for many unique use-cases which has pushed the perceived value of Ethereum up.
Right now the state of Bitcoin is high fees and long confirmation times ~10min per block and transaction backlogs. In the current market of crypto these limitations are scrutinized given high visibility of Bitcoin as the leading crypto currency and reasonable competition in the crypto space.
Bitcoin's code base has gone through numerous changes over the years but has been stunted lately with contention between a specific feature called Segwit. This feature fixes a malleability issue but more importantly it creates a secure platform for a few features including things like lightning network, rootstock (RSK) and atomic swaps. Here is where confusion on value and speculation run rampant and becomes hard for new comers to truly understand but I'll explain how I see the current state and I'll group it by party.
  1. Jihan Wu: Bitmain creator. Jihan Wu is the founder of the largest Bitcoin mining rigs producer with proprietary processors. It is rumored (some say proven) that a specific ASIC boost processor manufactured by Bitmain exploits the "header" of a Bitcoin block to more quickly mine Bitcoin giving Bitmain a competitive advantage against other miners. Jihan Wu/Bitmain control a significant portion of the Bitcoin Hashpower which in some respects centralizes mining and undermines the original intent of Bitcoin as a decentralized currency. With Segwit this exploit would be removed voiding this new ASIC boost processor. Given this any feature added to Bitcoin will become much more difficult to implement if Jihan Wu doesn't agree and in this case he certainly doesn't.
  2. Bitcoin Miners in general. Given the value of Bitcoin and the high transaction fees miners aren't incentivized to incorporate Segwit. The argument can be as simple as "If it ain't broke." and largely the opinion is it aint broke because their Bitcoin and transactions fees are more profitable than they've ever been.
  3. Bitcoin Users/Traders in general. With the limitation on transaction count, speed and cost Bitcoin users feel Bitcoin is becoming less and less relevant in the crypto space and really want updates like Segwit which would give practical application and would keep Bitcoin competitive in the space. Adding Rootstock for smart-contracts and lightening network for instant transactions. It would be make Bitcoin feature parity with Ethereum.
At the end of the day miner's have the say and it seems Segwit hasn't been adopted. There are other arguments threading through this like block size increase which for the most part isn't an argument since everyone basically agrees Bitcoin needs it but they think Segwit isn't the way to go about it given Segwit also opens up block size to a certain extent. Also... Bitcoin Unlimited which was supposedly funded by Jihan Wu and Roger Ver (google if you have time) are competing with Bitcoin Core to write to the codebase/protocol of Bitcoin. This could be construed as a conspiracy to control Bitcoin or at least maintain the competitive advantage of ASIC boost miners as long as possible. Definitely google this, its absolutely fascinating and could very well be it's own movie.
While all this contention was happening with Bitcoin, Litecoin (a Bitcoin clone) decided to adopt Segwit. This helped light(lite) a fire under the Bitcoin community which in turn spawned the desire for a new movement called UASF (user activated soft fork). This; as the name implies, is trying to directly tie to the will of the users which it should be noted aren't necessarily miners. UASF is an attempt to force Segwit on Bitcoin. On August 1st of this year all those nodes signalling UASF will adopt Segwit. This is going to have a major if not the largest impact on Bitcoin. Very bad things might happen including wipeouts, forks, exchanges freezing Bitcoin transactions, two different bitcoin and worst of all Marketshare loss.
Speculation: 1. Ethereum is poised to take the top seat and many speculate this will happen due to the UASF push if marketshare is lost. 2. If Segwit isn't adopted the "Flippening" will occur which includes most all Bitcoin holders and hodlers(google it) will finally move to an Alt coin. 3. If Segwit is adopted Bitcoin will regain any lost marketshare.
Concerns from this crypto noob: 1. The current PoW hashing needs for Bitcoin are egregious and don't scale. It seems a flaw since it spawned a somewhat centralized mining base which is impeding the growth of Bitcoin. 2. Bitcoin Maximalists in their arrogance might have missed an opportunity to move to Litecoin. If Bitcoin doesn't adopt Segwit it might have a negative affect on all Bitcoin clones even those they had the feature many Bitcoin users so desperately need Segwit on an "Alt-coin". 3. Iota seems like a disruption for block chains. If Iota produces as expected block chains will be a thing of the past unless its a PoS which isnt just trying to brute for solve hashes but is running programs and doing measurable work which everyone benefits from not just the miner.
Edit: There has been some feedback given that might also refine the above. Arguments were made: 1. Block times don't affect transaction speed 2. Ethereum was not the first crypto to implement Smart Contracts 3. IOTA is centralized and has major issues 4. ASIC boost is not a rumor but confirmed true 5. Centralized Mining will always be a problem with any PoW
Of the above arguments made I'm fairly certain IOTA isn't as dire as it's being made out to be in this thread. They currently have a root node which guards against a 33% attack but when the transaction volume increases to a high enough level this node goes away. The entire argument around centralization is really this root node.
Maybe others in the thread can some color to the other arguments
submitted by 3dworldrunner to CryptoCurrency [link] [comments]

What does the portfolio look like from someone who mined his first bitcoins in 2011. Part 3

This is the third part of my investment "blog". You can find parts one and two here:
Bitcoin is still my largest holding; people often ask me why, claiming its "old", "first gen" and there are so many supposedly superior alternatives. I dont agree with any of that. First, let me address what bitcoin has going for it. Now that segwit is being adopted and exchanges are finally batching transactions, we've seen the mempool drain and fees and confirmation times are as low as they have been in many years. Bitcoin core devs were right: we didnt need a barely tested, risky, contentious and backwards incompatible hardfork to urgently increase the blocksize; instead segwit, a backwards compatible softfork allowing up to 4MB blocks, has given us enough headroom for now, while at the same time increasing block efficiency. One day, we will need to hardfork, but that had better be a well planned, well tested fork supported by a very broad consensus (and its probably a good opportunity to fix some other lingering issues with bitcoin besides just the blocksize).
Segwit not only (temporarily, lets be honest) fixed the tx fee issue; more importantly, it also opened the door to layer 2 solutions. Lightening network, although not quite ready yet, is already being deployed on the main net, enabling instant and feeless transactions, without counterparty risk, without undermining the security or decentralisation of the blockchain itself. But there is also Rootstock RSK and a few other similar layer 2 solutions that are about to go live on the main net, which will (finally) bring ethereum style smart contracts and incredible scaling to bitcoin. Again, without undermining the base layer.
To me, this is the way forward. A "simple", ultra secure, no compromise, battle hardened base layer. Even if it has limited capacity and therefore relatively slow or expensive. But on top of that, you build innovative, even if comparatively risky and unproven layer 2 solutions to cope with scaling, latency and additional functionality. If they fail, at least they can fail without compromising bitcoin itself.
Contrast that with ethereum, by far the most credible challenger to bitcoin; ethereum has supported smart contract functionality since its inception, and certainly proved the merits of that concept, but it is facing similar fundamental scaling problems as bitcoin. Its solution is to replace basically everything. Change the consensus algorithm to PoS and introduce blockchain sharding. These changes will affect everyone and everything on the ethereum blockchain. Its a safe assumption this will lead to another hardfork and the birth of another "ethereum classic". PoS inevitably compromises decentralisation and potentially affects security. Sharding sounds promising, and I am absolutely looking forward to this, but sharding is extremely complicated, therefore, it could fail, could open doors to new attack vectors, and it remains to be seen how effective it is as scaling solution, as intra-shard communication is likely to be slow. I dont question the skill of the ethereum dev team, but fundamentally, Im not convinced ethereum is using the right approach trying to do everything in the base layer. Its like embedding HTTPS, javascript and audio/video codecs in to the TCPIP protocol itself, rather than using a more flexible layered protocol stack based upon a relatively simple, robust routing protocol.
As for the other contenders; I do take Cardano and EOS seriously. But both are so early in their development, its difficult to judge and the valuations seem crazy bets at this point. I continue to disregard Neo and other similar database tokens. I dont care how high their price goes, one day, people will wake up to the reality that blockchains where invented specifically to have no central authority; not because of philosophical or political reasons, but because thats the only way to have no central points of failure. Neo, just like database solutions we've had for decades, is riddled with central points of failure, which will lead to downtime, greatly reduce access, therefore innovation and will one day lead to corruption, manipulation, theft or government control. dAPPS may chose to deploy on Neo's blockchain because of its claimed scalability (or simply because they are paid to do so), but when more secure, open blockchains offer similar scalability without Neo's risks and central points of failure, dAPPS will move away from neo, or they will be obsoleted.
Anyway, this was supposed to by about my portfolio, so lets go back to that. Last month, I said I thought the altcoin market was overheating and I took profits to increase my cash position. It might be easy to say "I told you so", but the reality is that I still have no crystal ball, I got lucky with the timing and didnt sell nearly enough to prevent my portfolio from going quite red. But the extra cash did allow me to buy the dip; I bought symbolic amounts when we hit below $9K/ BTC and more significant amounts at $6500. I was expecting/hoping/fearing we would drop to $5K and was ready to invest significantly at that point, but it has rebounded since. So here is what I have now:
Fiat: 36%. This went up to over 50% during the worst of the crash, but like I said, Ive been buying in again.
Bitcoin: 28%. For all the reasons explained above. I now have substantially more BTC than before the crash, and Im quite happy with that :).
Ethereum: 9%. Because Casper may work. And LN/RST may fail. And Vitalik.
Walton: 8%. I sold half my WTC pretty much at the peak. I got lucky. Ive been buying in again a little recently, as I still think this is a solid bet, even if it has been performing worse than I had expected.
Ambrosus: 4%. Ouch. This one hurt. It was a low cap, high potential bet. I still think its a good bet, but I managed to buy this pretty much at its peak, and lost 50% on it. Im not brave enough to buy more at this point, I will need to see some more progress first.
qtum: 2%. Qtum has been performing quite well, and I bought a little more recently. I forgot to mention it above, but qtum probably is the most credible challenger to ethereum at this moment.
Origin Trail: 1.5%. Another supply chain token I purchased near the top, and another 50% loss for now. But its still a small cap, and its not yet trading on any major exchange, so Im definitely holding.
Stellar: 1.5%. I bought this with fiat when bitcoin was near its bottom, as I expected quite a bit of hype for this when the market would rebound. Fundamentally, I do think stellar is a useful product for IOU messaging that may find wide adoption and make plenty of headlines. The value of the token however, is similarly misunderstood and overrated as XRP. I dont plan on holding this long term.
iEXEC RLC: 1.3%. No changes, other than the price has gone down quite a bit. Still holding for all the same reasons I bought it.
Nuls: 1.2% This is a new, small bet. They havent proven much yet, but if they can deliver on their promises, it does look good.
Monero: 1.2%. Once again, just because i had it on kraken, I sold all my monero when I wanted to increase my fiat positions last month. No hate on monero from me though. Ive been buying in again at almost 50% discount, and intend to buy more. Bulletproofs are hardly a silver bullet to solve monero's scaling issues, but its a step in the right direction.
Bytom: 1% I bought this with spare change during the chinese crack down last year, and while its a small position, it has done pretty well and I see no reason to sell it.
Nebulas: 0.7% Not going to lie. I dont understand the usecase for nebulas or the idea of a blockchain search engines. I suspect its more hype than solving a real problem, but if hype can make me money, I dont always object, so I bought some.
SophiaTX: 0.7% Another ouch. Im down almost 60% on this token. I still think it has potential and solves a real world problem (ERP integration). Not sure what it will take for this to get some visibility though. I guess ERP isnt very sexy among young crypto investors.
Wepower 0.7%. I only just bought this. When the ICO was announced, I was tempted to join. For a variety of reasons, I decided against it, but now that the token is trading below ICO prices on idex, I thought I might as well buy a few.
For the rest, Im maintaining tiny positions in Blockpool, aeternity (which I had sold previously, but decided it was worth buying in again), Enigma, OAX, Zcash, Mywish, Blockarray and cargox. Oh, and I still have some nano. And no, I still dont believe nano will actually work when attacked, but I do expect it to recover from the bitgrail hack. Hopefully enough for me to break even.
submitted by Vertigo722 to CryptoCurrency [link] [comments]

Ethereum-style smart contracts now applicable in a Bitcoin network thanks to RSK.

RootStock Smart Contracts (RSK), a platform fueled by the Bitcoin network, has integrated a multi-token digital platform and a cryptocurrency wallet on Decentral’s Jaxx. RSK has been keen on innovations targeted on the financial systems. Early this year they launched a MainNet network extracted from the blockchain network. Keeping their pace on innovations, they have already launched a new platform that makes it possible through the RSK open source platform to run smart contracts that are derivatives of Ethereum on the Bitcoin network.
This new development will help decentralized application (Dapps) developers as they create a financial solution based on the Bitcoin network.
“We’re very happy to partner with Jaxx, a highly-secure and a very easy-to-use wallet that will be the first to support RSK. We’ve been working with them since the early days and are confident their large user base will help bring the Dapps add more value to the Bitcoin Network, while RSK brings smart contract capabilities, higher scalability with 100 transactions per second and near instant payments” said Diego Gutierrez, RSK CEO.
For the last twelve months, Jaxx has seen tremendous growth on its platform. The crypto wallet is currently being used by over 750k users and with the new functionalities and capabilities being added, the number of users is expected to rapidly grow over the coming days. RootStock Smart Contracts (RSK), a platform fueled by the Bitcoin network, has integrated a multi-token digital platform and a cryptocurrency wallet on Decentral’s Jaxx. RSK has been keen on innovations targeted on the financial systems. Early this year they launched a MainNet network extracted from the blockchain network. Keeping their pace on innovations, they have already launched a new platform that makes it possible through the RSK open source platform to run smart contracts that are derivatives of Ethereum on the Bitcoin network.
This new development will help decentralized application (Dapps) developers as they create a financial solution based on the Bitcoin network.
“We’re very happy to partner with Jaxx, a highly-secure and a very easy-to-use wallet that will be the first to support RSK. We’ve been working with them since the early days and are confident their large user base will help bring the Dapps add more value to the Bitcoin Network, while RSK brings smart contract capabilities, higher scalability with 100 transactions per second and near instant payments” said Diego Gutierrez, RSK CEO.
For the last twelve months, Jaxx has seen tremendous growth on its platform. The crypto wallet is currently being used by over 750k users and with the new functionalities and capabilities being added, the number of users is expected to rapidly grow over the coming days.RootStock Smart Contracts (RSK), a platform fueled by the Bitcoin network, has integrated a multi-token digital platform and a cryptocurrency wallet on Decentral’s Jaxx. RSK has been keen on innovations targeted on the financial systems. Early this year they launched a MainNet network extracted from the blockchain network. Keeping their pace on innovations, they have already launched a new platform that makes it possible through the RSK open source platform to run smart contracts that are derivatives of Ethereum on the Bitcoin network.
This new development will help decentralized application (Dapps) developers as they create a financial solution based on the Bitcoin network.
“We’re very happy to partner with Jaxx, a highly-secure and a very easy-to-use wallet that will be the first to support RSK. We’ve been working with them since the early days and are confident their large user base will help bring the Dapps add more value to the Bitcoin Network, while RSK brings smart contract capabilities, higher scalability with 100 transactions per second and near instant payments” said Diego Gutierrez, RSK CEO.
For the last twelve months, Jaxx has seen tremendous growth on its platform. The crypto wallet is currently being used by over 750k users and with the new functionalities and capabilities being added, the number of users is expected to rapidly grow over the coming days. https://crypto-lines.com/2018/03/16/bitcoin-network/
submitted by tan_D to BitcoinMarkets [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3a - The value proposition

*Introductions: I'm joskye. A cryptocurrency investor and SDC holder. *
...
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
In part 3 I will now discuss Cryptocurrency valuations, price metrics and identifying coins of value, worth holding.
...
What makes a coin worth holding: The value proposition
What makes anything worth holding? How much of themselves is a person willing to put into it - that's how much.
Cryptocurrency is largely driven by faith. It is a speculative enterprise i.e. people mostly put money into cryptocurrencies believing they will go up in value in the future; their plan to sell at a higher price when it does.
Currently most cryptocurrencies serve no function than being currencies in themselves. Unfortunately these currencies are largely not recognised by governments, most institutional investors or companies are legitimate stores of value or legitimate currencies of transaction. As such legislation and rules around the world regarding them vary considerably and are often absent.
There are very few cryptocurrencies that have legitimised backing, are insured or supported by enterprises that are insured for their loss and essentially there is little to protect you if you lose money through them.
So why do people bother putting money into cryptocurrencies it in the first place?
If the present and future value of a cryptocurrency is driven purely by speculation then you are essentially gambling by putting your money to buy that coin and joining the pool of other gamblers who are doing so. You are essentially joining a ponzi scheme and waiting game hoping you've gotten in early enough and convinced enough people to buy more of the asset you hold at slightly higher prices until a price is reached that you can cash out at (or until that thing becomes so big that everyone starts using it as their store of value).
This type of dynamic essentially underpins the mentality of most investments and trades i.e. buy low and sell high. I'd like to add buy early for investors since buying during a low in an already established asset may be setting yourself up for being forced to sell at a lower low later (especially if you don't understand the fundamentals of that asset).
If however the present or future value of a cryptocurrency is driven by some service other than speculation which can attract and drive fiat currency into it's ecosystem then it is potentially valuable.
I.e. will people actually use their USD/Yuan/Euro/GBP/Yen/INR etc to actually purchase the coin in question to do something useful with it (other than gamble on it's future price).
There are some cryptocurrencies which satisfy this criteria:
...
Bitcoin
It is not a currency, it is a remittance system and store of value. It has a reputation increasingly to being seen as a digital version of gold.
Bitcoin has the cultural and historical advantage of being the first cryptocurrency. It is also still the largest cryptocurrency by a long way with the largest marketcap i.e. price per bitcoin [$952 as of writing] x the number of bitcoin in circulation [16,074,687] which is $15.3 billion. Compare to it's next biggest competitor Ethereum which has a marketcap of $700 million (i.e. only 4.57% of Bitcoin's).
Bitcoin's value proposition is that it is a store of value. It may not be able to sustain this without significant upgrades to it's underlying software.
...
Monero (XMR)
Bitcoin does not have anonymity inherently built into it's software. Therefore if you buy and sell Bitcoin especially on cryptocurrency exchanges (where user registration is required), it is possible to trace whom Bitcoin is being transferred from and to.
For this reason I see Monero as Bitcoin + anonymity. I.e. it's value proposition is as store of hidden wealth. I also believe it does not have the issues that bitcoin does namely, same level of mainstream recognition, spotlight of regulatory awareness and developers do seem to be more focused on achieving better scalability and transaction times (it already does 10-20 minute verification time vs bitcoins 1 hour) which gives it better potential as a currency presently compared to Bitcoin.
-This sort of market cap dwarfs gold. However this type of up-scaled usability will not occur until the transaction verification times are much faster (nanoseconds) and the protocol is enhanced to cope with much larger transactions volumes and frequency at that speed; We are a long way off that.
I do believe fiat stored in Bitcoin will gradually transfer into Monero boosting it's value. I am not sure Monero though can presently bring fresh fiat currency (USD, Yuan etc) into it's ecosystem beyond outsider speculation in future price.
It is not unique in it's function or potential value proposition. My warning about holding Monerofor the long term is that it has competition for it's function not just from Bitcoin itself but from other anonymous coins such as Zcash, DASH (which provides instantaneous settlement) and SDC. Perhaps more importantly, Ethereum (ETH) is now planning to implement optional anonymity (via zSNARKs) in it's transaction network; if it does when combined with Ethereum's own functionality and well defined development roadmap (that will likely several second verification times in late 2017) would render XMR potentially redundant.
...
Ethereum (ETH)
The value proposition for Ethereum is that it allows for complex, trustless settlement systems to be built on it. This is a huge deal because the scope of applications is wide and although the technology needs to mature (to support greater transaction volume, frequency and more secure functionality) the sheer amount of fiat such a platform could attract through conversion of traditional centralised settlement and contract services to more secure decentralised platforms is very huge.
...
Shadowcash (SDC)
The value proposition is a double escrow, fully anonymous, decentralised privacy platform which incorporates private chat, private marketplace and secure, trustless private settlement system into one platform that is fully integrated into it's own blockchain.
Shadowcash already has multiple features that make it an excellent store of value: Low coin supply, potential for great demand, near instantaneous transaction verification times, ability to earn interest for simply holding it.
Shadowcash is incredibly easy to use and is heavily focused on usability. This is absolutely essential to it's end users: customers who seek convenient easy and speedy secure anonymous transaction. This will be a dream come true for traditional users of darknet markets.
To explain why lets elaborate on traditional darknet markets where in order to transact anonymously you have to:
1. Download the TOR browser. 2. Learn how to use it. 3. Buy XMR or Bitcoin. 4. Learn how to transact with these coins *safely* (yes this is still an issue with XMR in spite of it's built in privacy). 5. Learn how to and where to find reliable secure darknet markets. 6. Create accounts on these markets to access them *and* 7. Have faith that the websites and the highly centralised (and thus much more vulnerable) servers hosting those markets you use will not get shut down, not disappear with your money and not betray your transaction details and potentially identities to the authorities should they be infiltrated by them. 
Whereas with Shadowcash's market place this process will become:
1. Download the Shadowcash Umbra client (https://shadowproject.io/en/gettingstarted) 2. Buy some SDC on an exchange and transfer it to your Umbra client. 3. Browse the Shadowcash marketplace and transact securely, safely and anonymously. 
In summary I think Shadowcash can be a very useful application as a privacy platform for private communications and transactions.
...
ICONOMI (ICN)
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
...
Summary lessons
The first rule in investing or trading in a given cryptocoin is deciding if it has a value proposition:
1. *Can it draw fiat currency (USD, Euro, Yuan etc) in such a way as to give it a valuation that is fully independent of pure speculation?* 2. *Is it unique?* 3. *Is it rare?* A limited supply with a low or negative inflation rate will lead to increasing price as demand goes up. 4. Are there significant risks associated with the value proposition? 
In the next article I will cover lesson 3b: Price metrics and valuations. It will be much shorter I promise but equally informative and we will cover topics such as price determination, impact of speculation, price manipulation, whales and their impact and the impact of bitcoin on the entire cryptocurrency ecosystem.
Finally just to really hammer it home; why am I posting this on the Shadowcash subreddit?
It is because Shadowcash is the best cryptocurrency investment of 2016 and I believe it will be again by March 2017.
...
References:
1. Crypto-Currency Market Capitalizations, https://coinmarketcap.com/, Last Checked 30/01/2017 2. What is the value of all the Gold in the world? http://onlygold.com/Info/All-The-Gold-In-The-World.asp, Last Checked 30/01/2017. 3. ICONOMI Cryptocurrencies Index (ICNX) 21 December 2016 Rebalancing, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.sptgljv1c 4. ICNx trend chart, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-30-november-2016-monthly-rebalancing-update-3402866243d9#.kw7g4fqcd, Last updated 30th Nov 2017 5. Shadowcash (SDC) - The billion dollar baby!, https://medium.com/@paradox_/shadowcash-sdc-the-billion-dollar-baby-6b86f0660739#.ypz9yme5a, Last updated 16 August 2016. 
...
Disclaimer: I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), Shadowcash (SDC), ICONOMI (ICN), Augur (REP) and Digix (DGD).
submitted by joskye to Shadowcash [link] [comments]

Rootstock: Smart Contracts on the Bitcoin Blockchain

As a concept the Rootstock [1] platform is one of those ideas that once it is proposed it is obvious that it is a great idea. Essentially Rootstock aims to be what Ethereum is, a decentralized, Turing-complete smart contract platform. However, Rootstock aims to utilize the Bitcoin ecosystem rather than creating a new one from scratch. The way this will be accomplished is via the still not fully implemented sidechains technology [2]. This approach presents both advantages, and its own set of challenges. We will briefly outline what the Rootstock platform promises to offer and then will discuss the main points of the proposal.
Full article in: https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8 by Albert Szmigielski.
Thanks to icodog.io
submitted by EnriqueZGZ to ico [link] [comments]

Do you guys own bitcoin as well?

I have been thinking a lot about bitcoin vs ethereum recently. I used to think they were both great with their own use cases. I am 100% in crypto and own approximately the same amount of both, as a proportion of total supply (so ~10x more bitcoin by value).
But with each day... it seems harder to grasp what the potential for bitcoin might be. It can't even handle the one use case it has properly (currency, due to block size issue). Ethereum can handle the currency side + has so many other amazing things. So many dapps. Swarm even! It's just amazing.
Like the only reason to not go full eth seems to be problems with pos (maybe bitcoin dapps on rootstock but probably that ship has sailed).
I know that I'm asking the barber if I need a hair cut here but do any of you think bitcoin has a future?
I think I will get a less biased response here than any bitcoin subreddit (bitcoin in particular really hates ethereum for some reason)
submitted by PumpkinFeet to ethtrader [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3a - The value proposition

Introductions: I'm joskye. A cryptocurrency investor and holder.
...
 
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
 
 
In part 3 I will now discuss Cryptocurrency valuations, price metrics and identifying coins of value, worth holding:
 
...
 
What makes a coin worth holding: The value proposition
 
What makes anything worth holding? How much of themselves is a person willing to put into it - that's how much.
Cryptocurrency is largely driven by faith. It is a speculative enterprise i.e. people mostly put money into cryptocurrencies believing they will go up in value in the future; their plan to sell at a higher price when it does.
Currently most cryptocurrencies serve no function than being currencies in themselves. Unfortunately these currencies are largely not recognised by governments, most institutional investors or companies are legitimate stores of value or legitimate currencies of transaction. As such legislation and rules around the world regarding them vary considerably and are often absent.
There are very few cryptocurrencies that have legitimised backing, are insured or supported by enterprises that are insured for their loss and essentially there is little to protect you if you lose money through them.
 
So why do people bother putting money into cryptocurrencies it in the first place?
 
 
If the present and future value of a cryptocurrency is driven purely by speculation then you are essentially gambling by putting your money to buy that coin and joining the pool of other gamblers who are doing so. You are essentially joining a ponzi scheme and waiting game hoping you've gotten in early enough and convinced enough people to buy more of the asset you hold at slightly higher prices until a price is reached that you can cash out at (or until that thing becomes so big that everyone starts using it as their store of value).
 
This type of dynamic essentially underpins the mentality of most investments and trades i.e. buy low and sell high. I'd like to add buy early for investors since buying during a low in an already established asset may be setting yourself up for being forced to sell at a lower low later (especially if you don't understand the fundamentals of that asset).
 
If however the present or future value of a cryptocurrency is driven by some service other than speculation which can attract and drive fiat currency into it's ecosystem then it is potentially valuable.
 
I.e. will people actually use their USD/Yuan/Euro/GBP/Yen/INR etc to actually purchase the coin in question to do something useful with it (other than gamble on it's future price).
 
There are some cryptocurrencies which satisfy this criteria:
 
...
 
Bitcoin
It is not a currency, it is a remittance system and store of value. It has a reputation increasingly to being seen as a digital version of gold.
 
 
 
 
 
Bitcoin has the cultural and historical advantage of being the first cryptocurrency. It is also still the largest cryptocurrency by a long way with the largest marketcap i.e. price per bitcoin [$952 as of writing] x the number of bitcoin in circulation [16,074,687] which is $15.3 billion. Compare to it's next biggest competitor Ethereum which has a marketcap of $700 million (i.e. only 4.57% of Bitcoin's).
 
 
 
 
Bitcoin's value proposition is that it is a store of value. It may not be able to sustain this without significant upgrades to it's underlying software.
 
...
 
Monero (XMR)
Bitcoin does not have anonymity inherently built into it's software. Therefore if you buy and sell Bitcoin especially on cryptocurrency exchanges (where user registration is required), it is possible to trace whom Bitcoin is being transferred from and to.
 
 
For this reason I see Monero as Bitcoin + anonymity. I.e. it's value proposition is as store of hidden wealth. I also believe it does not have the issues that bitcoin does namely, same level of mainstream recognition, spotlight of regulatory awareness and developers do seem to be more focused on achieving better scalability and transaction times (it already does 10-20 minute verification time vs bitcoins 1 hour) which gives it better potential as a currency presently compared to Bitcoin.
 
 
I do believe fiat stored in Bitcoin will gradually transfer into Monero boosting it's value. I am not sure Monero though can presently bring fresh fiat currency (USD, Yuan etc) into it's ecosystem beyond outsider speculation in future price.
 
 
It is not unique in it's function or potential value proposition. My warning about holding Monero for the long term is that it has competition for it's function not just from Bitcoin itself but from other anonymous coins such as Zcash, DASH (which provides instantaneous settlement) and SDC. Perhaps more importantly, Ethereum (ETH) is now planning to implement optional anonymity (via zSNARKs) in it's transaction network; if it does when combined with Ethereum's own functionality and well defined development roadmap (that will likely several second verification times in late 2017) would render XMR potentially redundant.
 
...
Ethereum (ETH)
The first cryptocurrency which was built with the specific intent of incorporating 'smart contracts' into it's platform.
 
 
The value proposition for Ethereum is that it allows for complex, trustless settlement systems to be built on it. This is a huge deal because the scope of applications is wide and although the technology needs to mature (to support greater transaction volume, frequency and more secure functionality) the sheer amount of fiat such a platform could attract through conversion of traditional centralised settlement and contract services to more secure decentralised platforms is very huge.
 
 
...
 
PARTICL (PART) (formerly Shadowcash SDC)
The value proposition is a double escrow, fully anonymous, decentralised privacy platform which incorporates private chat, private marketplace and secure, trustless private settlement system into one platform that is fully integrated into it's own blockchain.
 
 
Particl has multiple features that make it an excellent store of value: Low coin supply, potential for great demand, near instantaneous transaction verification times, ability to earn interest for simply holding it.
 
Particl is incredibly easy to use and is heavily focused on usability. This is absolutely essential to it's end users: customers who seek convenient easy and speedy secure anonymous transaction. This will be a dream come true for traditional users of darknet markets.
 
To explain why lets elaborate on traditional darknet markets where in order to transact anonymously you have to:
1. Download the TOR browser. 2. Learn how to use it. 3. Buy XMR or Bitcoin. 4. Learn how to transact with these coins *safely* (yes this is still an issue with XMR in spite of it's built in privacy). 5. Learn how to and where to find reliable secure darknet markets. 6. Create accounts on these markets to access them *and* 7. Have faith that the websites and the highly centralised (and thus much more vulnerable) servers hosting those markets you use will not get shut down, not disappear with your money and not betray your transaction details and potentially identities to the authorities should they be infiltrated by them. 
Whereas with Particl's market place this process will become:
1. Download the Particl client. 2. Buy some PART on an exchange and transfer it to your Umbra client. 3. Browse the Particl marketplace and transact securely, safely and anonymously. 
 
 
In summary I think Particl can be a very useful application as a privacy platform for private communications and transactions.
 
...
 
ICONOMI (ICN)
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
 
...
 
Summary lessons
 
The first rule in investing or trading in a given cryptocoin is deciding if it has a value proposition:
 
1. *Can it draw fiat currency (USD, Euro, Yuan etc) in such a way as to give it a valuation that is fully independent of pure speculation?* 2. *Is it unique?* 3. *Is it rare?* A limited supply with a low or negative inflation rate will lead to increasing price as demand goes up. 4. Are there significant risks associated with the value proposition? 
 
 
In the next article I will cover lesson 3b: Price metrics and valuations. It will be much shorter I promise but equally informative and we will cover topics such as price determination, impact of speculation, price manipulation, whales and their impact and the impact of bitcoin on the entire cryptocurrency ecosystem!
...
 
References:
1. Crypto-Currency Market Capitalizations, https://coinmarketcap.com/, Last Checked 30/01/2017 2. What is the value of all the Gold in the world? http://onlygold.com/Info/All-The-Gold-In-The-World.asp, Last Checked 30/01/2017. 3. ICONOMI Cryptocurrencies Index (ICNX) 21 December 2016 Rebalancing, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.sptgljv1c 4. ICNx trend chart, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-30-november-2016-monthly-rebalancing-update-3402866243d9#.kw7g4fqcd, Last updated 30th Nov 2017 5. Shadowcash (SDC) - The billion dollar baby!, https://medium.com/@paradox_/shadowcash-sdc-the-billion-dollar-baby-6b86f0660739#.ypz9yme5a, Last updated 16 August 2016. 
...
 
Further articles in this series:
 
"The intelligent investors guide to cryptocurrency"
 
Part 0 -
Part 1 -
Part 2 -
Part 3a -
Part 3b -
Part 4 -
Part 5 -
Part 6 -
Part 7a -
 
"The intelligent investors guide to Particl -"
 
 
Full disclosure/Disclaimer: At time of original writing I had long positions in Ethereum (ETH), Shadowcash (SDC), Iconomi (ICN), Augur (REP) and Digix (DGD). All the opinions expressed are my own. I cannot guarantee gains; losses are sustainable; do your own financial research and make your decisions responsibly. All prices and values given are as of time of first writing (Midday 30th-Dec-2016).
 
Second disclaimer: Please do not buy Shadowcash (SDC), the project has been abandoned by it's developers who have moved on to the Particl Project (PART) (www.particl.io). The PARTICL crowd fund and SDC 1:1 token swap completed April 15th. You can still exchange SDC for PART but only if it was acquired prior to 15th April 2017 see: https://particl.news/a-community-driven-initiative-e26724100c3a for more information.
 
Addendum: Article updated 23-11-2017 to edit references to SDC (changed to Particl where relevant to reflect updated status) and clean up formatting.
submitted by joskye to Particl [link] [comments]

Full English Transcript of Gavin's AMA on 8BTC, April 21st. (Part 2)

Part 1
Part 3
Raw transcript on Google Docs (English+Chinese): https://docs.google.com/document/d/1p3DWMfeGHBL6pk4Hu0efgQWGsUAdFNK6zLHubn5chJo/edit?usp=sharing
Translators/Organizers: emusher, kcbitcoin, nextblast, pangcong, Red Li, WangXiaoMeng. (Ranked in alphabetical order)
18. sina
Q: 1) Hello, what's a better strategy for bitcoin holders if it hard forks at 75%? Is it worth holding of the coins in the minority chain? Or better selling them? Will the value of coins in the majority chain be weakened or reinforced? Thank you
A: 1) BIP109 does not hard fork at 75%, it hard forks 28 days after 75% has been reached-- so when the hard fork happens, there should be almost zero hash power on the minority chain. So there will not be a minority chain.
If I am wrong and blocks are created on the minority chain, people plan to get enough hash power to replace those blocks with empty blocks, so it is impossible to make any transactions on the minority chain.
Q: 2) if Bitcoin split into two chains, will it cause panic in the market, then the overall market capitalization fell?
A: 2) Bitcoin split into two chains accidentally in March of 2013, and there was panic selling -- the price dropped from $48 to $37 within a few hours. But the mining pools very quickly agreed on which branch of the chain they would support, the problem was resolved within a day, and a week later the price was over $60.
That shows the strength of consensus and incentives-- the mining pools did what was best for Bitcoin because that is what is best for themselves in the long term.
Q: 3) Now it requres 60-70G space for a full node wallet, also it takes severals days for synchronization. Technically, Is it possible in the future that a full node wallet only cost a little space and can be quickly synchronized? (Do not use light wallets and other third party wallets)
A: 3) You can run a pruned node that does not store the full block chain today (I’m running six right now on inexpensive servers around the world to test some new code).
It is technically possible to get fast synchronization without giving up any trust, but it would require miners do more work (they would have to compute and store and validate an “unspent transaction output committment hash” in the block chain). There are also schemes that would give you fast synchronization at a lightweight-wallet level of trust, but worked towards no trust if you were connected to the network for long enough.
Some developers say that you are not really using Bitcoin unless you run a full node, but that is wrong. Bitcoin was designed so that you can make the choice of speed and convenience versus trust. You give up very, very little trust if you run a lightweight wallet that supports multisignature transactions, and I think that is what most people should be running.
Q: 4) What do you think about Ethereum? Can Bitcoin achieve all the same functions claimed by Ethernet? Thank you
A: 4) I think most of the interesting things you can do with Ethereum you can also do with multi-signature Bitcoin transactions. I haven’t seen a really great use of Ethereum yet, and I think there will be a big problem with Ethereum smart contracts that are designed to steal people’s money, because very few people will have the skill necessary to tell if a complicated smart contract is correct.
I’m watching the rootstock.io project, which brings Ethereum contracts to Bitcoin.
Q: 5) Is it possible that Nakamoto may still participate in the development of Bitcoin by a pseudonym? What is the last time he contact you? Will he be back?
A: 5) Yes, it is possible. I tell reporters who ask me about Satoshi:
The idea of Bitcoin is important; who invented it is an interesting mystery, but I think it should remain a mystery until whoever invented it decides to step forward. We should respect Satoshi's privacy.
Q: 6) Now some government can prevent people from accessing foreign information using technical method(like the Great Firewall), people need to get across the wall first if they want to know information abroad. So technically speaking, is it possible that the government could block and damage the usage of bitcoin? If it is, is there any method to get across the wall?
A: 6) If a government controls network access into and out of their country (like the Great Firewall), they could easily block connections to and from today’s Bitcoin peer-to-peer network. Connections are not encrypted in any way, and most connect to port 8333, which would be easy to block.
However, blocking connections inside the country would be much harder. And it only takes one encrypted or satellite or microwave or laser connection that bypasses the firewall to get around the blockage and get blocks and transactions flowing across the border again.
I think governments that decide they don’t like Bitcoin are more likely to pass laws that make it a crime to use a currency other than the official government currency to pay for things.
Q: 7) You insist on hard fork at 75%, while Chinse Mining Pools insist at 90%. So it may be easier to get support from China If Classic changes to 90%. Have you ever considered to communicate with Chinese mine pool( such as convening a meeting) to reduce differences?
A: 7) Yes, I was in Beijing a few weeks ago to better understand what some of the Chinese mining pools are thinking. It was a productive meeting, and I look forward to communicating more with them soon.
Q: 8) How will halving and block size increasing impact the bitcoin price in your opnion? Thanks.
A: 8) The price, today, is a reflection of confidence. If people think Bitcoin will be valuable in the future, they are willing to buy it and hold it.
Everybody knows the halving will happen, so, theoretically, that should not affect today’s price.
I believe that increasing the block size limit would be very good for the price, because Bitcoin is more valuable the more people who are able to use it.
Q: 9) Technically, bitcoin should also have drawbacks. Some disadvantages may be improved in the future , while some may be difficult to improve. What are those shortcomings for bitcoin to hard to improve in your opinon? Are you an optimist thinking that all technical shortcomings are temporary, and they will all likely to be improved in the future?
A: 9) Every successful technology is full of shortcomings. It is always easier to look backwards and see your mistakes. Smart engineers are very good at working around those shortcomings, and wise engineering managers know when to work around a shortcoming to remain compatible with the existing technology and when it makes sense to break compatibility because eliminating a shortcoming would have large benefits.
Q: 10) If there is a kind of altcoin in the future goes beyond Bitcoin, it must has the advantage Bitcoin can not have, right? Conversely, if Bitcoin itself evolves fast, improves and adds new features, it will be difficult to be surpassed and eliminated, right? What does Bitcoin scalability and evolution capability look like?
A: 10) People are funny -- I can imagine an altcoin that has no technology advantages over Bitcoin, but some people prefer it for some reason. I live in a town where a lot of people care a lot about the environment, and I could imagine them deciding to use a “GreenCoin” where all miners must be inspected regularly and must use only solar power.
I think many engineers tend to over-estimate the importance of new features, and under-estimate the importance of reliability, convenience and reputation.
Satoshi designed Bitcoin to be very scalable, and to be able to evolve. I think the best way for any technology to scale and evolve is competition -- make the technology open, and let companies or teams compete to build the most reliable, convienent and secure products. That looks like (and is!) a very messy, chaotic process, but it produces better results, faster, than a single person or team deciding on on approach to solving every problem.
Q: 11) If R3 succeeds, will it challenge bitcoin in transnational remittances?
A: 11) Maybe -- if banks involved in R3 could make it very convenient to get money into and out of their blockchain. They might not be able to do that because of regulations, though. But I don’t know much about the international remittance market and what regulations the banks will have to deal with.
Q: 12) Can blockchain only be secured by mining? Some private blockchain do not have mining property, are they really blockchain?
A: 12) Security is not “yes it is secure” or “no it is not secure.” Proof of work (mining) is the most secure way we know of to secure a blockchain, but there are less secure methods that can work if less security is OK. And less security is OK for some private blockchains because if somebody cheats, they can be taken to court and money can be recovered.
Q: 13) Will public chain, private chain and R3 chain coexist for a long time? Or only one chain survive finally? What is the relationship among Bitcoin block chain, private chains and R3 chain , complementary or competitive? Will Bitcoin block chain eventually win?
A: 13) My guess is all of the “blockchain for everything” excitement will die down in a year or two and a lot of people will be disappointed.
Then a few years later there will be blockchains for everything, running quietly inside stock markets and currency exchanges and lots of other places. Some of them will use the Bitcoin blockchain, some of them won’t, and nobody besides blockchain engineers will care much.
Throughout it all, I think it is most likely Bitcoin continues to grow, hopefully with less drama as it gets bigger and more mature.
Q: 14) Some people think that it is difficult for the outside world to understand the technical details if lightning network is controlled by blockstream or another company, resulting in technological centralization, what’s your opinion?
A: 14) I don’t worry about that, the lightning protocol is being designed in the open as an open standard. It is complicated, but not so complicated only one person or company can understand it.
Q: 15) What is the procedure Bitcoin Core modify the rules? Take the 2M hard fork proposal as an example, I saw there are concerns that if one of the five core developers who have write access reject the proposal will be rejected. So If happens, does that mean the launch hard ford in July will be abandoned? What is percentage of agreement in Core developers to write code for such a major bifurcation matter like 2M hard fork? Are there any specific standards? Or the lead developer has the final decision?
A: 15) That is a good question for the current active Core developers. When I was the lead developer, I would make a final decision if a decision needed to be made.
19. JR13
Q: What do you think about the future of increasing bitcoin block size limit?
A: It will happen sooner or later -- almost everybody agrees it must happen. I am still working to make it happen sooner, because the longer it takes, the worse for Bitcoin.
20. vatten
Q: What decision making process you think should be used for future bitcoin development?
A: For example, WuJiHan's proposition of service providers and mining pools collecting individual mineuser opinion. Or, a non-profit making standard making committee like IEEE, consists of people with enough expertise in bitcoin and economy, finance?
I think we should look at how development of other very successful technologies works (like email or the http protocol). I am not an expert, but open standards and open processes for participating in creating standards that are either adopted by the market or not (like the IETF process) seem to work the best.
21. kcb
Q: From my experience on Reddit, people now start to understand that evil is not Blockstream/Core's intention. They simply have a very different vision on how Bitcoin network should be running and on how future development should be heading. They do whatever they can to protect their vision, even dirty tricks, because they feel they are bringing justice.
Similarly, in Chinese community, we do see the same situation. Many Chinese Bitcoiners that showed strong enthusiasm in the past differ with each other. This even happens among my own real-life friends.
My question is: How can we separate these two groups of people who have widely divergent visions? Bitcoin cannot proceed when carrying two totally different visions.
A: I don’t know! It is always best if everybody is free to work on their own vision, but for some reason some people seem to think that the block size limit will prevent big companies from taking over Bitcoin.
I think all they will accomplish is making the technology much more complicated. And big companies are much better able to deal with and control highly complicated technologies.
22. XRP
Q: Please share your comments on ripple, Mr. Guru.
A: I haven’t paid very much attention to Ripple- the last time I looked at it was probably two years ago. Back then I thought they would have trouble with governments wanting to regulate their gateway nodes as money transmitters, but I haven’t even taken the time to see if I was right about that.
23.Lory
Q: Hi Gavin, I think you had a disagreement with the Nakamoto roadmap in Bitcoin design. Can you explain why? Thank you.
A: I assume you mean the part where Satoshi says he doesn’t think a second implementation will ever be a good idea.
I just think Satoshi was wrong about that-- if you look at very successful protocols, they all have multiple compatible implementations. We understand a lot more about what it takes to be completely compatible and have much better tools to ensure compatibility. And the fact that there now are multiple compatible implementations working on the network (btcd being probably the best example) shows both that it is possible and that the other implementations are not a menace to the network.
24. HuoDongFaBu
Q: 1) For the dispute between Core and Classic, can we refer to the theory of “Common-pool resources” (Commons) in the Western cultural tradition to understand and grasp the public and neutral property of bitcoin so at to strive for a solution which can balance interests of all parties?
A: 1) Maybe. The blockchain could be considered a Commons today-- a common, limited resource. But if control of the block size limit was given to miners, then I don’t think it fits the definition any more, because miners would have the freedom to restrict its use however they saw fit, on a block-by-block basis. That is just a simple, pure market, with transaction creators on one side and miners on the other.
Q: 2) For the application requring "bitcoin multi-signature script", can you recommend any programming language, libraries or tools?
A: 2) BitPay has some good tools: https://github.com/bitpay/bitcore I haven’t worked on any multisignature applications since writing the low-level protocol code-- there are probably other great libraries and tools that I just don’t know about.
25. zhuoji
Q: Hello Gavin, are you now still developing Classic? Will Classic proceed? Would you give up Classic and return to Core?
A: Yes, yes, and there is no “return to” -- I plan on contributing to lots of projects.
26. jieke
Q: 1) If there are one million entrepreneurs who require fund and asset securitization via block chain technology, is it possible?
A: 1) If there are ten million investors willing to fund those entrepreneurs, sure it is possible. The technology won’t be a problem, one million is not a large number for today’s computers.
Q: 2) Why can we trust Bitcoin and what are the advantages of bitcoin in online payment and settlement? Its commission fee now is not as cheap as before, besides, the time for one confirm is not fast enough. Your opinions on pros and cons of Mining and PoW?
A: 2) For people in places with good-enough banking systems like the United States or China, purchasing things inside their own country, bitcoin does not have much of an advantage over existing payment systems. But if you are buying something from somebody in another country, or you live in a place where there are no good payment systems, Bitcoin works very well.
Proof of work and mining is the most fair, decentralized way to distribute new coins. They are also the best way of securing the network that we know of so far. Perhaps in 30 years when essentially all of the new coins have been mined and computer scientists have thoroughly studied other ways of securing the network it might make sense for Bitcoin to start to switch to something other than mining and proof-of-work to secure the network.
Q: 3) How likely the possibility of replacing the existing legal currency with virtual currency?
A: 3) Very unlikely in a large country. I can imagine a small country that uses a larger country’s currency deciding to switch to a crypto currency, though.
27. IMJENNIM
Q: 1) You have always insist on larger block. Some people share the same view, they just want to increase the block size, regardless of network bandwidth restrictions in China and other developing countries. How do you see this criticism?
A: 1) Most people are using Bitcoin over very limited bandwidth connections-- most people use lightweight wallets.
If you run a business that needs a fast connection to the Internet, then it is not expensive to rent a server in a data center that has very good bandwidth. Even inexpensive servers have plenty of bandwidth and CPU power to keep up with much higher transaction volume.
If you insist on running a full node from your home, average connection speed in China today is 3.7 megabits per second, which is almost 1,000 transactions per second. Latency through the Great Firewall is a bigger issue right now, but there are several software solutions to that problem that people (including myself) are working on right now.
Q: 2) In addition, I'm curious what is your opinion on the current Bitcoin Core team? There is no doubt? If so, why not act as a Core developer contributing code in Bitcoin Core to solve these problems?
A: 2) I like most of the people on the current Bitcoin Core team, they are great. But there are a couple of people on that team I don’t want to work with, so I have decided to limit the amount of time I spend with that project.
28.ShaSiKaEr
Q: 1) Hello Gavin, I would like to ask you how long since your last contribution in Bitcoin Core or others related? Expect the big influence as one of the earliest contributors, do not you think you ought to talk about the code, mostly for the coutribution of development of Bitcoin?
A from pangcong: 1)The last commit in bitcoin core made by Gavin is on September 30, 2015, after that Gavin was busy with bitcoin XT and bicoin classic. His actual development in bitcoin has never stopped, these records are very clear on github, if you want to ask questions which are obvious, please investigate first.
A from Gavin: 1) Also: I submitted some patches to Bitcoin Core a few days ago.
Q: 2) Also, you were a neutral software engineer before, seriously committed to improving the bitcoin. But now you're playing political means to enhance your impact on the future of Bitcoin, how do you respond with it?
A from KuHaiBian: 2) Now the biggest problem in Bitcoin is not block size limit, but that there is only one development team, it is as dangerous as the situation that there is only one mining pool mining bitcoin. This is the biggest problem Gavin is trying to solve.
A from Gavin: 2) I just give my honest opinion, and try to do what I can to make Bitcoin more successful.
29.Xseraph2
Q: There is no systematic process for Bitcoin upgrades. Is there any regulation/restriction on the power of Core devs? How do we balance the conflict between the centrilized power of the devs with interest of the community consensus? Do you think Bitcoin need to learn from R3 chains or distributed ledger systems? I.e. setting up regulations to constrain the power of the devs, so that only devs with “restricted access” can contribute, not everyone.
A: Competition is the best solution. If the Core team does not make their customers happy, then they will be replaced. It might take a year or more for another team to get the reputation for high-quality code that the Core team has acquired over the years.
30. ZhongBenCong
Q: In 2016, you propose to increase block size limit to 8M, then doubled every two years. Is it still the most promising expansion plan in your opinion now? If it is, do you think it possible that the block size reach 8GB in 2036, particularly given the network speed and bandwith in developing countries.
A: I think it would be best to eliminate the block size limit entirely, and let the miners decide if they should accept or reject blocks. The miners want Bitcoin to succeed, and will not choose a size so large the network cannot handle it.
I don’t know if people would agree to eliminate the limit, though. A dynamic limit that grows, but prevents an extremely large ‘attack block’ would also be a good solution.
The growing-8MB idea came from the idea that it should be possible for somebody on a home Internet connection to continue to validate every single transaction. However, more research showed that the bottleneck is not the connection from the Internet to our homes (even in China there is plenty of bandwidth there) but connections across international borders. In particular, the Great Firewall can sometimes greatly restrict bandwidth to and from China.
31. FengFengZhongXuYaoNi
Q: Gavin, hello! What is the reason do you think the community rejected Bitcoin XT?
A: It was a mistake to try to make more changes than just simply increasing the block size limit.
32. ShaSiBiEr
Q: Now the problem of block size limit is not so serious as before when Bitoin was attacked, and the Segwit has been deployed, so what is the controversy? Why have to argue to the bitter end, must we argue until bitcoin die? Gavin, we all know your contribution to Bitcoin. But in 2015, when you said in bitcoin software development, we need a "dictator" to resolve the dispute. I think you want to be this dictator. http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-June/008810.html
A: Must we argue until bitcoin die: I think is is in the nature of people to argue, so I think we will be arguing about lots of things until either we die or Bitcoin dies. I think in a few years we will look back and wonder why there was so much arguing, but I also think some good things have come from all of the argument.
33. HuoDongFaBu
Q: 1) What do you think about Ethereum? Can smart contract run based on Bitcoin?
A: 1) (This question is repeated. Please see Q18-4)
Q: 2) What are the problems Miners may have to face after halving in July? Thanks!
A: 2) There is a small risk that the halving will make a good fraction of the miners stop mining, because they will get about half of the bitcoins they got before the halving. And that might mean blocks take longer to create, which means less space for transactions, which might mean people get frustrated and leave Bitcoin. Which could drop the price even more, causing more miners to stop mining, more frustration, and so on.
Miners tell me they have already planned ahead for the halving and this will not happen, which is why I think it is a small risk and I don’t think the halving will be a big problem for most miners.
Q: 3) Where can we get the whole code and code review of bitcoin?
A: 3)
Bitcoin Core is at: https://github.com/bitcoin/bitcoin
Bitcoin Classic: https://github.com/bitcoinclassic/bitcoinclassic
btcd: https://github.com/btcsuite/btcd
bitcore: https://github.com/bitpay/bitcore
submitted by kcbitcoin to btc [link] [comments]

CRYPTO ENTREVISTA a Diego Gutierrez de ROOTSTOCK LABS ... ETHEREUM DIES: RSK WORKS ON BITCOIN & LITECOIN Rootstock deutsch erklärt. Was ist RSK crypto  HODLCORE kryptowährung BITCOIN, GOLD, STOCKS NEW ALL TIME HIGHS!!! INSANE CRYPTO FOMO STARTING IN 2020 Bitcoin 2x vs Aion 8x (+ DZIŚ MEGA KONF: Rootstock, Algorand, Dfinity, Ethereum, Cosmos, Polkadot)

On my view, Rootstock is not truly competing with Ethereum directly, rather, it is allowing Bitcoin to compete more fully. So, if the smart contract “features” are fundamentally the same, then the answer to our question is going to depend on something else. What else is there? Crypto will always reduce itself to: features, networks, and ... Rootstock RSK price today is $13,272.39 with a 24-hour trading volume of $69,024. RBTC price is up 8.6% in the last 24 hours. It has a circulating supply of 0 coins and a max supply of 21 Million coins. Rootstock (RSK) is a smart-contract platform that incorporates a Turing Complete Virtual Machine to Bitcoin. It also provides other network enhancements, such as faster transactions and better ... What is Rootstock. Rootstock (RSK) is a smart contract platform that is connected to the Bitcoin blockchain through sidechain technology.Although the smart contracts aren't actually deployed on the Bitcoin blockchain itself, RSK allows users to send Bitcoin directly onto the Rootstock chain through a 2-way peg, which are then converted into smart Bitcoins on the Rootstock blockchain. Rootstock (RSK) is a two-way pegged sidechain to Bitcoin designed to enable full Turing-complete smart contract functionality for the Bitcoin ecosystem. The RSK network is secured via merge-mining with a Federation checkpointing mechanism, effectively allowing it to retain the security of Bitcoin’s double-spend proofs and settlement finality.

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CRYPTO ENTREVISTA a Diego Gutierrez de ROOTSTOCK LABS ...

CRYPTO ENTREVISTA a Diego Gutierrez de ROOTSTOCK LABS proyectazo que pretende equiparar tecnológicamente a Bitcoin al nivel de Ethereum https://www.cryptobir... Bitcoin and Ethereum AIR-DROP LIVE on Binance - 比特币 & 以太坊 Βinаnce English 3,197 watching Live now Warren Buffett & Jay - Z - Billionaire Investing Secrets (Interview with Forbes ... Interview with Sergio Lerner of Rootstock on sidechains, Ethereum, decentralization and security. Announcemen at LaBitConf 2015. Rootstock.io 5% discount to ... This video is unavailable. Watch Queue Queue. Watch Queue Queue W tym odcinku: #Bitcoin Halving, #Aion, RSK, CEL, #Algorand a) Jaki wpłynie Bitcoin halving na Rynki? b) Aion supply dzieli się 8x ( Aion Eightning ;-) c) DA...

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