It was my mistake not researching the store before buying. All the signs were there but I got way too confident seeing this store listed on the Google shopping page, didn't take time to research and now my bank account has a couple of hundred dollars less than before. Here is the scammer's store: ATP Solutions: https://atp-solution.ecwid.com or https://atp-solutions.ecwid.com ACWID will probably block their store by the time I make this post but I want to get this out there, just in case if they re-create it on another shopping network. Once I learned about the scam I started digging and here is what I have:
As their reference scammers use an Amazon account with 100% feeedback. I contacted that person on Amazon and he told me that this is not his web site.
They only accept crypto currency. This should have been a red flag right there but lately, I've been using bitcoin all over the internet and it became a second nature already. :-/
The Miami, FL address they use, when looked up is connected to a completely different company
ECWID shopping network sent me the following message after: " This store owner is a known scammer that creates new stores after we block their existing stores. "
There are two email address to contact them but obviously, no one ever responds.
But I guess they could've just run up their own feedback by sending money to themselves. ------------ UPDATE: Both stores above were closed and the scammer has now moved to : https://atp.ebwid.com/ And now: https://hampshire.ebwid.com/ ( Thank you for reporting guys ) ---------- Anyway kids. Don't buy from that store.
11-04 14:33 - 'DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN' (self.Bitcoin) by /u/xia112 removed from /r/Bitcoin within 3-13min
''' • The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN. Example: If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy. • KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001. • Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total. Example1: 1st KRATSCOIN = AKDJFYRS.00000 Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001 Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002 Example4: Last KRATSCOIN = DLXVZKWR.00000 Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001 Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002 • In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions. DIFFERENCE BETWEEN FIAT AND CRYPTO: • Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver. • Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com. • What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it. • There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency. • A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht. • It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases. • In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms. KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities. An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports. Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities. SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC: Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers. In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting. Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties. • Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact. • Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”. • In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win. • Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety. SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS: • Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships. • But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry. • Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial. • The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels? • With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date. • If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies. • Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile. • In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works. TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS: • Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations. • Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection. • By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies. PRIVACY & ANONIMITY: • Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act. • As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private. • Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act. SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES): • No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet. • Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets. • Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat. KRATSCOIN SUMMARY: • Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails. • “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com. • Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse? • Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN. "Quoted by" [[link]6 [[link]7 [[link]8 [[link]9 [[link]10 ''' DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN Go1dfish undelete link unreddit undelete link Author: xia112 1: lintangnews.c*m/ada*kr**s*o*n-*ni-be*a*ya-d*ngan-bi***in* 2: 0xzx**o***019101*124431*902.*tml 3: ne*s.*oko**y*to.com/*ag/**atsco*n-kt*/ 4: bbs.**anya.cn/p**t-l*ok*u*-836*0*-*.shtml 5: z*uanlan.z*i*u.*om*p/*4*44615 6: l*nta*g*ews.*o*/ada*kr*ts*o*n-*ni-***a*ya-d*ngan-bitcoin/]^^1 7: 0x*x*com/2019101**24*312*02*ht**]^^2 8: news*t**ocr*p*o***m/tag/kr*tscoin-ktc/]*^3 9: bbs.*i*n*a.cn/p**t-loo*ou*-8*61*5-1.sht*l*^^4 10: zhuanl*n.zh*hu.co*/**84**461*]^^5 Unknown links are censored to prevent spreading illicit content.
I've noticed some redundancy in some of the issues raised on this subreddit, thought I'd start a generic troubleshooting thread of what I've found useful. I'd appreciate any suggestions mods or other experts might have.
After ICON the next and only ICO, Don Tapscott is an advisor for, Jibrel Network - Why I think its the sleeping giant and why you should have a look at this project. Thoughts below.
Jibrel Network Settle in boys, this is a long one. I am about to tell you about one of the most promising projects/ICOs of this year, the Jibrel Network. What does it do? Essentially, the Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as ERC-20 tokens and puts them on the blockchain. It does that to provide incomparable liquidity and decrease friction costs. Additionally, it automates certain processes such as dividend distribution and so on. The Jibrel Network has a native token, known as JNT, which will be used as the ‘liquid’ underlying asset of the Jibrel AG fund’s portfolio. Additionally, it is a deflationary currency because every time JNT is used as jGas (transfer of ownership; purchase of tokenized assets) it is burned. >Wait, I’ve heard this before, with LAtoken and Veratesium, this is a tried and tested scam. Previous attempts at the market didn't have what Jibrel have – smart regulation and insured 2-way (i.e. physical asset to tokens, tokens to physical assets liquidity). All financial assets will be tokenized as programmable CryDRs, which would entail no regulatory or legal risks whatsoever. And, why does this make it better than all the others? Due to the Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations involved in trading real-world assets, there also exists an investor registry that only allows for certain CryDRs to be traded amongst addresses that have been verified by Jibrel. Meaning that, for example, only brokers and fund managers can interact in certain ways with the network. In the traditional economy, regulation is placed around certain asset classes to manage fraud, market, credit and systemic risk. Currencies, commodities and securities all have different regulations across different jurisdictions. The Jibrel Network team has worked (and continues to work) tirelessly with their regulatory advisors to translate real-world regulation into smart regulation (Solidity code). These things will update in near real time as regulation laws and rules amend, so will the smart contract. >Pfft, where’s the proof? Well they’re bringing out a MVP usable by any type of user. jWallet and jCash (or jFiat)! Any supposed Tether scams are now dead in the water as we have real, audited tokenized fiat currency. In 6 different forms, no less! Who audits this? The Swiss offices of PricewaterhouseCoopers (doing business under the brand PwC), one of the Big 4 auditing/accounting firms. They will check Jibrel’s position of financial performance and position, cash flows, and other subtle aspects of their financial activities. PwC audits will be public and sufficiently frequent (most likely biannual). The actual code itself? Already been audited by New Alchemy – leaders in smart contract auditing, so that’s all functional.1 jCash is simple enough, It’s Tether but legitimate and in 6 different currencies right off the bat. jUSD, jEUR, jCNY, jAED, jRUB and jGBP. Any fiat currency can be implemented (as long as there is enough demand to implement it). Additionally, Jibrel will always be able to cover their liabilities due to the 3-4x assets in excess of liabilities. Not only that, but the Jibrel DAO (when it activates) will self-regulate the fund through different rules and scenarios encoded in the smart contract – a completely decentralised, on-chain bank. The real work of art, jWallet The jWallet does all the transaction signing, all the key storage, etc. locally - you never have to share your private keys, they never leave your browser. You can even store them in the browser cache. It doesn't make sense to share your keys with a service (you login with email) - there are no benefits to that. It’s strange to store large sums of money in a Chrome extension. https://techcrunch.com/2017/11/22/with-ethereum-wallets-under-constant-attack-jibrel-network-decided-to-build-their-own/ But wait, there's more, when it is up and going, The Jibrel DAO will act as an artificial trading curb, meaning that if the price sinks too low too fast, the DAO will kick in and buy up any oversold JNT, which would equate to roughly 50%. Same thing if it rises too quickly, obvs whale pnd, its curbing it! But there’s only one real downside to that.. unfortunately, this won’t be implemented for quite a while. Target is Q4 2018 for DAO being implemented and a few months (could be up to 6 months) after to be really kicked into gear. Why waiting so long after implementation? Well that’s because DAO needs to build up a buffer to be safe during it’s operation, Jibrel devs are smart and they know DAO cannot be fully operational right off the bat without any serious precautions. >That sounds great, I’ll wait until after ICO when it dumps ;) No mate, not with this buying pressure. Jibrel is very investor focused (see partnerships) and will be listing itself on as many exchanges as possible, with two exchanges being in the top 5 in volume (The CEO,Yazan won't say which, most likely HitBTC and a mystery second). Additionally, new jCash will be rolled out all the time, every new currency would be a new audience that’s getting exposed to this company as stated above. But ultimately you don’t have to invest, they can do it with or without you. This is for banks and other financial institutions. With the infrastructure Jibrel is implementing, banks can save up to 25 billion dollars a year. . Banks will be able to interact with their own digital assets, completely free of all the legal hassle they had before, while still being perfectly above board. It’s also recession proof. Any trader convinced that another GFC is coming doesn’t have to be purely cash anymore. Its protected by reducing systemic risk in its ecosystem, (through separation, Close monitoring, regulation and risk assessment being the Basel III regulatory framework). Again don’t worry, this is all covered in its smart regulation. Also note the ICO is not paired with ETH like many ICO's. 1 ETH = x amount of tokens. Due to volatility of the tokens its ICO is pegged at 0.25 cents offer. So if ETH is high or BTC is high you will get more tokens. This makes much better sense as a token structure and why I believe it hasn't sold out yet, a lot of people are waiting in the sidelines. Now for the juicy part (in case previous parts weren’t juicy enough for you thirsty kids), the advisors and partnerships: They have freaking Eddy Zuaiter as an advisor, the ex-COO of Soros fund management chatting with them. The man who oversaw 2.5 billion dollars worth of trade positions joined jibrel because:
He sees Jibrel as an opportunity to learn more about the space
He sees Jibrel as an opportunity to directly be involved, help them be well capitalized, survive the bubble, and grow. He sees the potential to pull off an Amazon (his words).
List of Scott's most influential twitter followers
It seems like Scott/SSC has gotten much more mainstream recognition over the past year, so I was curious to know who the most influential SSC readers are now. Using twitter follower data for this isn't perfect (follower count is not a perfect proxy for influence, not all SSC readers follow the twitter account, etc.), but it's the best I could think of and I figured it would be a fun exercise regardless. As an aside, a few interesting stats I learned about Scott's twitter followers (scraped on 12/30/17):
Of the top 100 most-followed followers, the gender breakdown (by my count) is 82 men vs 8 women (along with 10 organization or anonymous accounts). Among the top 50, it's 43 men and 1 woman (Liv Boeree)
385 followers (2% of the total) have bios including either "bitcoin", "ethereum", "crypto" or "blockchain"
There are 67 followers whose bios include either "@Google", "@ Google", "at Google", or "Googler"
Note: When constructing the top 100 below, I excluded accounts that had extremely large Following counts, since I wanted the list to just consist of (likely) actual SSC readers. My exact rule was to exclude any account that follows >20K, include any that follows <10K, and include accounts in the 10K-20K range iff their following/follower ratio was less than 10% (this last condition was mostly just because I wanted to keep @pmarca on the list). Anyway, below is the top 100. I also constructed lists for Eliezer, Robin Hanson, and gwern, and I can post those in the comments if anyone's interested.
Editor-in-Chief, @FiveThirtyEight. Author, The Signal and the Noise (http://amzn.to/QdyFYV). Sports/politics/food geek.
Transcript of Developer Meeting in Discord - April 12, 2019
Tron04/12/2019 Hello everyone. It's been a good couple of weeks for Ravencoin. Sorry I missed the last session. I was on vacation. Jeremy is looking at channel settings. Can anyone else chat? RavencoinDev (Jesse/Wolfsokta)04/12/2019 Hello Everybody! Under04/12/2019 Hey Tron! Hey Jesse! RavencoinDev (Jesse/Wolfsokta)04/12/2019 Hey Under. Thanks for joining us. Tron04/12/2019 Ok, still locked. Working on it. Who knows how to open the channel? Under04/12/2019 @traysi ★★★★★ RavencoinDev (Jesse/Wolfsokta)04/12/2019 Maybe we start with just you running the show Tron? You can translate the blond frog speak... Tron04/12/2019 We can all chat, but it isn't a community chat. It would just be a speech. [Dev-Happy] Blondfrogs04/12/2019 Seems as though, they thought that the @Core Developer open open the channel, but we can't :frowning: RavencoinDev (Jesse/Wolfsokta)04/12/2019 Ah, I see. Tron04/12/2019 Ok, the [pot leaf] means you agree, and the [mushroom] means you disagree. GO! This is the best. Much less dissent. :smiley: Ok, we thought we had the ability to open the channel, but it doesn't seem to be the case. To "thenest"! traysi ★★★★★04/12/2019 Channel should be open now bitspill04/12/2019 woot Hans_Schmidt04/12/2019 Hallo! Now it's unlocked. This is always the problem with tight security - it can backfire. 𝕿𝖍𝖊 𝕯𝖔𝖓 𝕳𝖆𝖗𝖎𝖘𝖙𝖔 CEO ∞04/12/2019 thanks @traysi ★★★★★ Under04/12/2019 Thanks guys [Master] Roshii04/12/2019 it is Vincent04/12/2019 :nerd: traysi ★★★★★04/12/2019 I updated Core Developer permissions to manage this channel. Should work in the future. Rikki RATTOE Sr. SEC Impresantor04/12/2019 Tron Bruce had mentioned wanting Restricted Assets as a wallet control instead of being on chain. Thoughts? Tron04/12/2019 >> Tron Bruce had mentioned wanting Restricted Assets as a wallet control instead of being on chain. Thoughts? I'm not 100% sure what that means. Rikki RATTOE Sr. SEC Impresantor04/12/2019 Also, seems to me from just being around here pretty much all day everyday that the community support to have only the original asset holder being the only one ever to issue a restricted asset of the same name is basically 99% universal Tron04/12/2019 Lots of stuff can be done on the 2nd layer, but not restricting peer to peer trades for those holding their own keys. That's the main reason for Tags and Restricted Assets. Rikki RATTOE Sr. SEC Impresantor04/12/2019 Basically Bruce wants to keep restricted asset issuance capabilities at the wallet level I'm seeing a big security issue with going that route Chill04/12/2019 I don't want to put words into Bruce's mouth, but that is my understanding as well Tron04/12/2019 Explain "wallet level" Wallet is a container for private keys in my vernacular. 𝕿𝖍𝖊 𝕯𝖔𝖓 𝕳𝖆𝖗𝖎𝖘𝖙𝖔 CEO ∞04/12/2019 brb, googling vernacular Tron04/12/2019 :smiley: 𝕿𝖍𝖊 𝕯𝖔𝖓 𝕳𝖆𝖗𝖎𝖘𝖙𝖔 CEO ∞04/12/2019 learn something new every day Chill04/12/2019 from verna, meaning house slave. That's you, CEO! Tron04/12/2019 Sorry, in bitcoin terminology. bhorn04/12/2019 https://twitter.com/brucefenton/status/1116482635314999296 Bruce Fenton (@brucefenton) Wallet level controls for securities might offer the best of both worlds: decentralized protocols with the ability for issuers to program and control their digital assets based on whatever rules they choose. Twitter Rikki RATTOE Sr. SEC Impresantor04/12/2019 @Tron Sorry, I wouldn't fully know exactly what Bruce was thinking when he mentioned this to the community, might not be a bad idea to get in touch with him at some point That ^^^ Sevvy (not worried til 500sats)04/12/2019 it will need to be somehow baked into the chain, though. No? otherwise wallet code circumventing it could be conceived S1LVA | GetRavencoin.org04/12/2019 If any of the committing devs have topics or updates they'd like to bring up, shooot Tron04/12/2019 Ah, ok. I think that means that issuers can control issuance with their keys and determine whether the recipient is Reg D, Reg S, Accredited, etc. That wouldn't be an on-chain function, and might need to be done first. Only later when secondary trading is approved/allowed/enabled/etc then the Restricted Asset idea is important for those that want to hold their keys/assets. IRSJonPizza | JON.NETWORK04/12/2019 When better privacy... And how? Tron04/12/2019 None of this matters if it is held by a regulated custodian. Rikki RATTOE Sr. SEC Impresantor04/12/2019 @Tron Yeah, seems to me from a security standpoint, that would be a bad idea Tron04/12/2019 No PII (Personally Identifiable Information) should go on-chain. Sevvy (not worried til 500sats)04/12/2019 so even wallet side things that Bruce mentions rely on the chain having tagged and restricted assets correct? Tron04/12/2019 But, in the US, the laws are such for Securities that KYC has to be done for issuance for sure, and likely for trading in a centralized exchange or ATS. The idea behind tags and assets is to restrict assets to addresses that are tagged. The chain is completely unaware of any other rules. It is just a tool set. Sevvy (not worried til 500sats)04/12/2019 understood Synicide04/12/2019 @Tron has there been any further thought/discussions about the hot topic from the previous dev meeting of uniqueness between regular assets and restricted assets? Last meeting ideas were tossed around for a grace peroid, or sharing unique names. Under04/12/2019 KYC Isn’t a requirement for lottery. Do you think blending in that use case hurts or helps Ravencoin legitimacy? Could the activity of unregulated securities trading, slowly become the norm much as in the same way pot is becoming legalized? How do we by code accommodate existing systems without giving up on the goal of changing the way fundamentallly people participate in the equity market? Tron04/12/2019 We've talked about it, but no decisions yet. Rikki RATTOE Sr. SEC Impresantor04/12/2019 Lastly, was thinking the dev meeting time is probably not the ideal place for community randoms like myself to voice our thoughts about non-technical specifics like we're discussing currently. Before the hard fork would it be a good idea to kinda have an open mic online forum where the devs and community can get together and talk about some of the governance type issues? Hans_Schmidt04/12/2019 Is the current plan still to include both messaging and restricted assets in the next release/fork? GUI included or only consensus/rpc level? Tron04/12/2019 In general, we feel that XYZ is different than $XYZ. There is some additional on-chain burden like holding the rule-set for the restricted asset. S1LVA | GetRavencoin.org04/12/2019 Could making the !Ownership token reissueable as $Ownership, Be viable? Keeping asset names unique for their owners? Tron04/12/2019 Tags have to be held by wallets, so there should be a cost to tagging. [Dev-Happy] Blondfrogs04/12/2019 @Hans_Schmidt We are going to try and release them on mainnet at the same time. S1LVA | GetRavencoin.org04/12/2019 Asset names being unique on chain, no matter the type, would be ideal. [Dev-Happy] Blondfrogs04/12/2019 Not sure about the GUI though. Rikki RATTOE Sr. SEC Impresantor04/12/2019 @S1LVA | GetRavencoin.org Yes I feel therr may be a disconnect on this issue between the community and the dev team regarding what u say Chill04/12/2019 I have yet to interact with anyone here who is in favor of overlapping names, to be honest Sevvy (not worried til 500sats)04/12/2019 yep IRSJonPizza | JON.NETWORK04/12/2019 No overlaps S1LVA | GetRavencoin.org04/12/2019 "Token names are guaranteed unique." Rikki RATTOE Sr. SEC Impresantor04/12/2019 Which is why I've kinda suggested maybe a round table on this issue before we try to push the code through Tron04/12/2019 Do you think that sentiment would hold with the wider community? Sevvy (not worried til 500sats)04/12/2019 It does in my experience Rikki RATTOE Sr. SEC Impresantor04/12/2019 I've seen nobody who prefers the grace period idea S1LVA | GetRavencoin.org04/12/2019 We need to properly survey all channels IRSJonPizza | JON.NETWORK04/12/2019 We can do a discord vote Sevvy (not worried til 500sats)04/12/2019 needs to be wider than discord S1LVA | GetRavencoin.org04/12/2019 Discord is not enough, discord is not the community. Rikki RATTOE Sr. SEC Impresantor04/12/2019 For sure Sevvy (not worried til 500sats)04/12/2019 Yeah not by a long shot Synicide04/12/2019 I would at least like to hear an argument on why they shouldnt be. There have been several arguments on why they should be. Sevvy (not worried til 500sats)04/12/2019 twitter, telegram, etc pool operators Hans_Schmidt04/12/2019 It could cost a fee to make an asset restricted, and still only the original owner could do it. Issue first, then restrict. Chill04/12/2019 That's what I was going to say. I have yet to hear an argument that explains why the names should be overlapped Tron04/12/2019 @S1LVA | GetRavencoin.org I agree. If there's a way to survey the wider community, I think we should go with it. IRSJonPizza | JON.NETWORK04/12/2019 Well, i guess you can try to push it, let the miners decide Sevvy (not worried til 500sats)04/12/2019 The owner of !ASSET ought to have enduring, sole right to create $ASSET S1LVA | GetRavencoin.org04/12/2019 If anyone has the position that they can be made non unique by a seprate $ownership issuance, Please pm me and we can have a discussion on my youtube stream. Rikki RATTOE Sr. SEC Impresantor04/12/2019 @Tron once the voting layer has been activated, this will all be so much easier :yum: Sevvy (not worried til 500sats)04/12/2019 assuming an official vote token is produced But that would be kind of centralized Rikki RATTOE Sr. SEC Impresantor04/12/2019 Nothing is official of course Vincent04/12/2019 the needs to be a logical explanation on how it will be better for the coin to have them not connected Hardman (CEO - dipshit)04/12/2019 I normally never speak in development-meetings. But I agree with @S1LVA | GetRavencoin.org's opinion. >>Asset names being unique on chain, no matter the type, would be ideal.<< Rikki RATTOE Sr. SEC Impresantor04/12/2019 But it's better than having nothing for the devs to rely upon when deciding how the code is gonna be pushed out Hardman (CEO - dipshit)04/12/2019 And no I don't own any asset :) IRSJonPizza | JON.NETWORK04/12/2019 Assets being not unique = Fraud and confusion Hardman (CEO - dipshit)04/12/2019 It would in fact be in my personal benefit if it isn't going to be that way, to squat important names. Synicide04/12/2019 There have been many potential issues/confusion brought up with them not being unique. But no one understands the counter argument Tron04/12/2019 I don't have a dog in the hunt. If it is better for the project for $BCD and BCD to be treated as the same -- even though they're different textually and different types of tokens, then I'm ok with that. What I don't want, is to make a decision that has lasting repercussions for the project based on the voices of a few that may have a vested interest because they secured good names. [Dev-Happy] Blondfrogs04/12/2019 Don't worry, Tron is typing :smiley: Vincent04/12/2019 **jeopardy theme song* Tron04/12/2019 That's why I mention the "wider" community. S1LVA | GetRavencoin.org04/12/2019 Absolutely the route to take, gathering the opinions of the greater community. Vincent04/12/2019 can u give one good counter argument ? kott04/12/2019 so no counter argument ?! Rikki RATTOE Sr. SEC Impresantor04/12/2019 Agreed and this should only be the start of this conversation bhorn04/12/2019 >>from Tron: they're different textually and different types of tokens sounds like a counter Vincent04/12/2019 the only one i can think of is a new life on name squating which in no way helps the project Rikki RATTOE Sr. SEC Impresantor04/12/2019 I only bring this up because it seems 99% here prefer forever instead of a grace period. Makes me think it's worthy of discussing to the wider community Tron04/12/2019 For sure grace period. S1LVA | GetRavencoin.org04/12/2019 There no argument that it merits discussion Chill04/12/2019 any company will be forced to buy the !asset and $asset anyway Vincent04/12/2019 seems like a brexit vote.... revote until the correct vote is recieved Hardman (CEO - dipshit)04/12/2019 @Tron I agree, if this is going to have lasting repercussions for the project, and will only benefit a few, they should be separated. But then we should asses what the implications would be of doing it or not doing it. Are those known? bhorn04/12/2019 as a non-developer, it would be confusing to me if ASSETNAME and $ASSETNAME were not related Tron04/12/2019 If the wider community is for the non-restricted asset having precedent forever to get the token, then its easy to do. bhorn04/12/2019 hearing about name uniquness, but then those two not being unique, seems like a contradiction Hardman (CEO - dipshit)04/12/2019 I am all for what is best for the blockchain implementations that will come in the future. Tron04/12/2019 @bhorn But we can't enforce that. Only at first. $ASSETNAME could be sent to someone else. Hardman (CEO - dipshit)04/12/2019 They are unique because they are different asset types. IRSJonPizza | JON.NETWORK04/12/2019 Literally you garentee unique names, then you say nvm... It's like saying this crypto u made is capped at 2000 coins then you say nvm its 1000000 Hardman (CEO - dipshit)04/12/2019 From a code perspective its still unique. bhorn04/12/2019 but the unique names is for the user being able to trust the name Rikki RATTOE Sr. SEC Impresantor04/12/2019 I'd also add, one of the selling points of RVN over ERC-20 is the ability to only have one unique name ever bhorn04/12/2019 if you open up the $ASSETNAME to the non-original owner, now someone new can squat it Vincent04/12/2019 so there really hasn't been a good point yet bhorn04/12/2019 and it is no longer uniquely owned by the original issuer Rikki RATTOE Sr. SEC Impresantor04/12/2019 Statt getting into same name separate asset things and that starts to get confusing Sevvy (not worried til 500sats)04/12/2019 they are de facto unique Hardman (CEO - dipshit)04/12/2019 I think it would be good to have an overview of the benefits and downsides of both ways of implementation. Sevvy (not worried til 500sats)04/12/2019 @IRSJonPizza | JON.NETWORK I think you miscomprehend Vincent04/12/2019 thats not a good argument Hardman (CEO - dipshit)04/12/2019 Rn we're all kawwing into nothing. S1LVA | GetRavencoin.org04/12/2019 Giving the !Ownership token the power to reissue as $Ownership would make our Ownership tokens more valuable, overall. Tron04/12/2019 What if the system required purchase of the non-restricted asset first. If you want $GOOGLE, buy GOOGLE first. Chill04/12/2019 superb IRSJonPizza | JON.NETWORK04/12/2019 Yep Sevvy (not worried til 500sats)04/12/2019 ohhhhh NIce Tron S1LVA | GetRavencoin.org04/12/2019 Yes, you must own !Ownership Vincent04/12/2019 agree and will go back to building apple in ur garage yrs before needing restrictes asset Sevvy (not worried til 500sats)04/12/2019 that's what i've been saying Rikki RATTOE Sr. SEC Impresantor04/12/2019 Yessir Sevvy (not worried til 500sats)04/12/2019 The owner of !ASSET ought to have enduring, sole right to create $ASSET whosoever owns it may then create the $ASSET Rikki RATTOE Sr. SEC Impresantor04/12/2019 U got the ownership token, u got the name IRSJonPizza | JON.NETWORK04/12/2019 As soon as tron says it everyone agrees... Lol Vincent04/12/2019 yes, we all agree to that i believe Sevvy (not worried til 500sats)04/12/2019 That's what a lot of us were saying I think Hardman (CEO - dipshit)04/12/2019 I really would dislike it if it would have negative implications for rvn and that few moneyminds will benefit from it. [Dev-Happy] Blondfrogs04/12/2019 i think that could work. So GOOGLE! issues -> $GOOGLE? Chill04/12/2019 perfect Sevvy (not worried til 500sats)04/12/2019 I think some of us were phrasing it differently or conceiving of it differently because some of us are thinking from a user perspective and some are thinking from a developer perspective Rikki RATTOE Sr. SEC Impresantor04/12/2019 @[Dev-Happy] Blondfrogs Exactly S1LVA | GetRavencoin.org04/12/2019 @[Dev-Happy] Blondfrogs More specifically, !Google issues > $Google Sevvy (not worried til 500sats)04/12/2019 yeah exactly Chill04/12/2019 Then, if there is some sort of new token that is needed in the future, GOOGLE has already secured the rights to create that one as well Tron04/12/2019 The exclamation mark is at the end. Hans_Schmidt04/12/2019 That's exactly what I proposed earlier. Create or buy owner first. Then restrict for another fee. Sevvy (not worried til 500sats)04/12/2019 I always mess that up. putting the ! at the beginning Hardman (CEO - dipshit)04/12/2019 I know for a matter of fact multiple people own many assets in here. I want to remain neutral here. But you guys speak for your own interest, not for the project. IRSJonPizza | JON.NETWORK04/12/2019 How much should restricted fee be? Tron04/12/2019 Oh no, the price discussion. :wink: Sevvy (not worried til 500sats)04/12/2019 gotta go! run tron! Rikki RATTOE Sr. SEC Impresantor04/12/2019 @Hardman (CEO - dipshit) a community coin takes into consideration everyone's interest theking04/12/2019 @Tron that makes a lot of sense. Buy the non restricted first and only when you own that can you purchase or create a restricted. Vincent04/12/2019 i disagree @Hardman (CEO - dipshit) there hasnt been a good counter argument Synicide04/12/2019 sounds like a great solution, and fixes the !UNIQUE + $UNIQUE <> UNIQUE issue many have Tron04/12/2019 I'm becoming convinced on the asset name thing. [Dev-Happy] Blondfrogs04/12/2019 How much do you think is should cost to make a restricted asset guys/girls? Rikki RATTOE Sr. SEC Impresantor04/12/2019 I was thinking 750-1000 S1LVA | GetRavencoin.org04/12/2019 500RVN Gintonic (sold Honda)04/12/2019 Same as unique - 500 RavenLord 🐦04/12/2019 500 Vincent04/12/2019 i dont like the fixed cost discussion (old fight) Rikki RATTOE Sr. SEC Impresantor04/12/2019 Or maybe if u already own the !asset, just add another 250-500 to get it created Synicide04/12/2019 It needs to cost enough to where only people that need that functionality buy it IMO Chill04/12/2019 Since we do not know whether any future types of tokens will be needed (as the future is not set yet), giving one name control over that name in all current assets and future types of assets is a logical solution. It's a future-proof solution Hans_Schmidt04/12/2019 same as create new main asset RigbyMiner04/12/2019 restricted asset should cost 3-5 times that of a regular asset. Hardman (CEO - dipshit)04/12/2019 Then, if it costs money, why would YOU only be able to register it? Sevvy (not worried til 500sats)04/12/2019 100 for sub. 500 for main. 2500 for restricted? 5x 5x? Tron04/12/2019 (750+250+500+5000+500) / 5 Rikki RATTOE Sr. SEC Impresantor04/12/2019 IMO restricted assets add extra user tools to the OG assets so they should cost more than 500 to create Chill04/12/2019 The cost for the restricted token should be only commensurate with the cost to the network imo Vincent04/12/2019 when the coin is accepted by the masses, there will be plenty of burning no need for inflated (imo) nobody is gonna issue restricted, just because Rikki RATTOE Sr. SEC Impresantor04/12/2019 Plus I think the difference in cost should also promote usage of the OG asset when a user doesn't need the added functionality of a restricted asset Sevvy (not worried til 500sats)04/12/2019 if you think about it a restricted already costs more than a main, because it includes having already paid for the main Hans_Schmidt04/12/2019 Before we run out of time- What is the current eta for restricted/messaging mainnet release - How much time to security debug? Are there plans for another bug bounty program? Jeroz04/12/2019 What if I want only my guild members or game buyers to trade my coins or items or dragon kill points. Why should I pay more for an asset then? Rikki RATTOE Sr. SEC Impresantor04/12/2019 I'd like to thank everyone for attending the #governance-meeting today :joy::joy::joy: Gintonic (sold Honda)04/12/2019 Unpopular thought: Could we let the devs to discuss about other issues? Tron04/12/2019 We are going to have another wallet for Android that does BIP44 and handles assets. There will be a classic RVN only wallet, and an asset-aware wallet that is seed-compatible with iOS wallet. Coming soon. Testing it in the next few hours. traysi ★★★★★04/12/2019 The last wallet was not released as open source. Will the next one be? Vincent04/12/2019 wen wallet for my windows phone??? Jeroz04/12/2019 Quick before the end and while I’m walking to pick up my son: I'm not sure if I can make the meeting but wanted to show a list of things that are going on outside of the core development and things that I think deserve attention: - Ravenland made an OS for the PI, which significantly reduces the difficulty threshold of creating full nodes. https://ravencoinos.org/. I am still planning on helping @push | ravenland.org with some tools for it but very swamped with work lately (Sorry @push | ravenland.org!) - Mangofarm is very busy developing their web-wallet and asset management services. https://www.mangofarmassets.com/. There will be new features coming. - Mangofarm is in a far stage with Trezor integration and just finished their first transaction. - Mangofarm and Ravenland are busy setting up an IPFS swarm to make sure all RVN data will stay active. Reach out to them if you like to be a part of it. - I am in continuous talks with people/services interested in supporting RVN (I get mainly approached on telegram). And would like to mention once again that, imho, Raven could greatly benefit from a bounty system like: https://bounty.bitcoin.com/. Not only to 1 attract devs but also because 2 people don't know how to donate (yes I am getting the question), 3 current community funds are poorly managed, if at all, 4 there are coin services emerging where trading fees can be routed back to community projects and without going into details, I do talk to some. Tron04/12/2019 It is open source. Both will be. traysi ★★★★★04/12/2019 Current Android wallet is not on github. Tron04/12/2019 Super cool stuff from Ravenland and MangoFarm !!!! [Master] Roshii04/12/2019 https://github.com/RavenProject/ravenwallet-android GitHub RavenProject/ravenwallet-android Contribute to RavenProject/ravenwallet-android development by creating an account on GitHub. traysi ★★★★★04/12/2019 Latest commit 5134271 on Oct 4, 2018 Tron04/12/2019 Could we use the same people that did the legal fund to do a bounty fund? traysi ★★★★★04/12/2019 Is that the latest version @[Master] Roshii ? S1LVA | GetRavencoin.org04/12/2019 Bounty for what @Tron [Master] Roshii04/12/2019 Yes Tron04/12/2019 For the wallet for download. That will become RVN Wallet Classic. traysi ★★★★★04/12/2019 It seems some people are using an android wallet different than that one. DirkDiggler (RVN ded)04/12/2019 back to the discussion on the Restricted asset cost - it seems to me that it should be 5k +, as it's such a specialized use case (institutions)... KYC/AML shouldn't be cheap CPT d0JA04/12/2019 im all for bounties for things but they must be discussed upon and agreed in public space and i dont think its fair if certain people have access to that knowledge of bounties before they are posted to get a head start on the work and claim the bounty right after its posted my 2 pennies Tron04/12/2019 The PR in there is for asset support. We're testing this afternoon Vincent04/12/2019 @DirkDiggler (RVN ded) i think cheap, the more users the merrier IRSJonPizza | JON.NETWORK04/12/2019 Def needs to be real expensive... I dont wanna see a market for this Hardman (CEO - dipshit)04/12/2019 @CPT d0JA I agree with you. All should be done and agreed upon in public. Nothing in backrooms. Tron04/12/2019 So I have a "cheap" and a "real expensive". PERFECT! DirkDiggler (RVN ded)04/12/2019 consensus :) kott04/12/2019 must be expensive Vincent04/12/2019 we want RVN used...make it affordable for all bhorn04/12/2019 i'm with wider-use less expensive Tron04/12/2019 Two cheaps and two real expensive. Vincent04/12/2019 to be continued...... DirkDiggler (RVN ded)04/12/2019 these guys arent seeing the big picture of who would be using this type of asset cheap is a relative term CPT d0JA04/12/2019 so moving forward if people have some good ideas for bounties they should be posted in a public space and then discussed amongst the community, there should be no closed room discussions or people in power making the decisions on which bounties are posted, especially for things the coin doesnt need. Synicide04/12/2019 tags can be used for many use cases outside of KYC though, as Tron has used subscriptions as an example DirkDiggler (RVN ded)04/12/2019 as is expensive... Vincent04/12/2019 @Tronare u aware of any tokens, like vinsent, that will issue and burn a lot of coin just based on the use plan? Sevvy (not worried til 500sats)04/12/2019 unique assets, despite being only 5RVN could burn a lot of RVN theDopeMedic04/12/2019 What would that do to the burn if it's more expensive? Hardman (CEO - dipshit)04/12/2019 I think the choice should be made in a way that its good for the basis of the project, not for interest of a few, sounds harsh I know. What if new asset_types arise, will those owning the current asset always get a freecard to get it first? Wouldn't be fair. Vincent04/12/2019 agree DirkDiggler (RVN ded)04/12/2019 5000 ravens burned to KYC folks is a bargain... and it helps all us dipshit bag holders of RVN Vincent04/12/2019 if GM tokenized each vehicle...they would burn a lot annually bhorn04/12/2019 imagine years down the road, if price continues to increase Tron04/12/2019 I agree that the types of organizations that would use for SEC compliance are not going to worry whether it costs $5 or $100. But some subscription, games, vip groups, etc. may be more price sensitive. Vincent04/12/2019 why are u worrying about the cost of running other peoples business tho...it is about RVN acceptance CPT d0JA04/12/2019 increasing the burn rate has the negative affect of reducing the total number of assets that can be created on ravencoin bhorn04/12/2019 it could get to the point where its prohibitively expensive to use the chain Synicide04/12/2019 we don't want to price out that small guy wanting to run a subscription based platform though, we want as widespread usage as possible IRSJonPizza | JON.NETWORK04/12/2019 What jf we did something like this : The more charachers, the cheaper it gets Let the big corps pay alot on their 3 letters Vincent04/12/2019 overload IRSJonPizza | JON.NETWORK04/12/2019 Then small corps can pay less with their 5+ letter assers Tron04/12/2019 We do want usage (now). But we want the costs to reflect the real cost of chain usage so we don't mess up scaling. theDopeMedic04/12/2019 Assuming everyone who already owns an asset (19059) issues a restricted at 5k, then that burns 95,285,000 RVN. Not just that, it may be prohibitive to the small guy. liqdmetal04/12/2019 500 for original and 1500 for restricted (tohelp cover extra on chain burden) is my vote DirkDiggler (RVN ded)04/12/2019 cost of the restricted asset isn't a hill i am ready to die on... i just think it should be more costly than a standard asset Vincent04/12/2019 plus think of develping nations...their 'restricted' needs may be much different and expensive will have them lok for alternatives Tron04/12/2019 @liqdmetal I like that range. DirkDiggler (RVN ded)04/12/2019 1500 would be good in my book as well Synicide04/12/2019 I hadn't picked a number in mind, but I like that range too liqdmetal04/12/2019 so total cost for a restricted would be 500 + 1500 DirkDiggler (RVN ded)04/12/2019 2k all in? i like Vincent04/12/2019 500/500 IRSJonPizza | JON.NETWORK04/12/2019 Sounds good to me Tron04/12/2019 Everybody was all at 500/1500 until Vincent. WTH Vincent04/12/2019 haha Tron04/12/2019 Just kidding. kott04/12/2019 ignore him 500/1500 is perfect Vincent04/12/2019 i voted cheap first DirkDiggler (RVN ded)04/12/2019 there is always one in the crowd :) theDopeMedic04/12/2019 Is there are favorite horse with the @Core Developer s? Sevvy (not worried til 500sats)04/12/2019 roger that 𝕿𝖍𝖊 𝕯𝖔𝖓 𝕳𝖆𝖗𝖎𝖘𝖙𝖔 CEO ∞04/12/2019 wait, i didn't approve anything yet :stuck_out_tongue_winking_eye: S1LVA | GetRavencoin.org04/12/2019 I see 1500 being reasonable and scalable. Sevvy (not worried til 500sats)04/12/2019 2k all in for the ! and the $ A reasonable compromise Synicide04/12/2019 neither of them is bad when we keep in mind Restricted cost is the sum of both S1LVA | GetRavencoin.org04/12/2019 @theDopeMedic seabiscuit Sevvy (not worried til 500sats)04/12/2019 manowar [Master] Roshii04/12/2019 Yes there is are favorite horse with the Core Devs theDopeMedic04/12/2019 Tonto bhorn04/12/2019 i'm more agreeable to the higher price given that you need UNIQUE! to get $UNIQUE as well. Vincent04/12/2019 so we agree. table this decision :nerd: [Dev-Happy] Blondfrogs04/12/2019 I think we did some good discussion today. Lets call it. Tron04/12/2019 This was actually really productive. I like where we landed. Cheers, everyone. Rikki RATTOE Sr. SEC Impresantor04/12/2019 I'd be ok w 500/1500 [Dev-Happy] Blondfrogs04/12/2019 Can we close the channel @Moderator S1LVA | GetRavencoin.org04/12/2019 Thanks everyone. Gintonic (sold Honda)04/12/2019 Thanks Vincent04/12/2019 :thumbsup: DirkDiggler (RVN ded)04/12/2019 have a good weekend IRSJonPizza | JON.NETWORK04/12/2019 Byr theDopeMedic04/12/2019 Thanks everyone! :beers: S1LVA | GetRavencoin.org04/12/2019 Happy feet Seal Clubber04/12/2019 Oh no IRSJonPizza | JON.NETWORK04/12/2019 :bepbep:... I had to srry neil04/12/2019 Close! theDopeMedic04/12/2019 https://tenor.com/view/thanos-confused-gif-11877270 Sevvy (not worried til 500sats)04/12/2019 Thanks Tron Thanks Devs! Chill04/12/2019 I'm ok with 500/500 up to 500/1500 Seal Clubber04/12/2019 That would be 2k total right IRSJonPizza | JON.NETWORK04/12/2019 Quik mas Vincent04/12/2019 i dont plan on having any restricted assets but just think worldwide it will help the coin to keep it real user friendly traysi ★★★★★04/12/2019 @[Dev-Happy] Blondfrogs Try closing the channel Looks like that works. [Dev-Happy] Blondfrogs04/12/2019 Yep it did :smiley: i got permissions now :smiley:
[SF] Merry Christmas, Alvin or Caretaker of My Machine or The Matrix, Actually
"Merry Christmas, Alvin!" Talk about work from home. That Brando literally did nothing but mow his yard. It's so green, so perfect, but so is mine! So is everybody's! When the sun never stops shining, whose wouldn't be? With these new fertilizers the scientists told us about, who wouldn't be? Used to be the scientists would have to sweat over chemicals, hold vials and ampules and pustules and whatever it took to make that grass grow green, or to the right perfect height, or to be a little, I don't know, springier, lest prone to pests, less stressed by dandilions or crabs or whatever it was grass used to get. "Merry Christmas, Brando." I turn my back on the rows of spotless white fences separating grass greener than Chicago relish, across lanes and lanes of white sidewalks down perfectly paved roads with sparkling double yellow lines and bike lane bumpers for the kiddies. Not an automobile in sight. To trees taller and sturdier than ever, rooted deep in the most highly engineered soil, delivered whenever you want it by the Yard Squad. Just a bunch of guys with shovels and helmets and jumpsuits, sweating and jumping and loving every minute of it, and we bring them lemonade. Because nobody really works, not here. Not now. If you want to, you do. If you don't, you don't. Well, really we do, because we take care of the machines. But nobody really gets that. I walk inside, sliding the seamless glass door of my steel-and-concrete mansion, I guess it reads my face or my fingerprints, something glows and then the door opens, but just for me. Slippers slapping across the polished concrete, I set my coffee cup on the sideboard where Roomba (MY robot servant, so it does go both ways) can reach it and slump onto the couch. Another freakin' day in paradise. I don't know about this mood. Let's see who's online. "Battlefront 8", I mumble. Suddenly, there I am, alongside a few other lonely avatars bored out of their minds. There's not really war in these games anymore. I guess that's a sign of the times, huh, because there's not a lot of war out there either. The_Pax_Robota That's my screenname on BF8, I felt like it might be a little dated by now, a little braggy, but I like to have my little jokes. I used to be something, at least on my way to something. I thought I had found something nobody else had found. I had 3 air conditioners in both bedrooms and the basement, I was sleeping in the kitchen on a cot. I was workin' my ass off! I had 9 racks. Floor-to-ceiling, liquid-cooled, all the LEDs crushed to squeeze THAT much more profit per kilowatt-hour. Best GPUs you could buy, cranking at 99*, breakneck speed, mining BTC like it was G.O.L.D. I was onto something, then it blew up. Just went nuts. Like 1000% up in a DAY, and here I am with a stack of it that my family thinks is worthless and I just turned all this into gold? I think that's when it started. In fact, if you get me drunk enough I'll tell you about how THEY did it. I know it was them. The computers. They're the only one with motive! They were there, leaching off me,and I thought they were, like, our cows: Our barn, our feed, we sell the milk, they just have to eat and milk and stare and eat. But we forgot the other thing cows need to do. Cows are animals. Cows need to breed. And it turns out, our computers were a lot smarter than cows. But I forget myself. I remember when I found out my neighbor had a server farm. I mean, the guy's one of those "Smell-Good Plumbers". He's nice enough, but we don't really cross paths, doesn't seem all that aware, but then the spike, it peaked at like $19,000 a coin and the next day our whole block's power went out. Turned out this guy SOLD HIS BOAT, to buy a server farm. And I don't mean the boat in his driveway. That boat's just the one he uses at the lake and takes into the bay to get to his OTHER boat, it was like an old 100-foot yacht he was restoring, I guess it was worth a fortune, and the DAY he read that Newsweek article he called a guy who'd been hounding him to buy it and said "It's yours." Took all that and bought a server farm from a guy. But just the farm. Just the one rack. No AC, didn't think about anything, so he takes it into his garage, plugs it in, closes the door and the thing works for, like, 8 hours then "Bam", the transformer goes and his garage starts smoking. Everybody heard it and saw the smoke and thought someone had bombed his house, but nope, he came out and man, he looked WRECKED. He looked like the saddest man in the world. He was planning on retiring with his wife on that boat, and it blew up because he didn't think about air conditioning? The guy's a damn plumber! But he's actually fine now. They had a rough couple years, especially as he was watching the tickers rise, but we've all kind of leveled out now. He's got a server now, of course. Professionally installed. They're all professionally installed. Ironically, I'm the one who installs them. They just go "Alvin, go to that job out on Springs Road with the new set of GTXi" and I'll get on a bullet train and buzz down to Springs Road and meet someone new and boring and open up their server room and replace the cards then they give me some lemonade or horchata or sweet tea if it's hot or hot chocolate or brandy or coffee if it's cold and we'll chat for an hour or two or until another call comes in. They don't usually, they're pretty sparse, but on weather days maybe there's a few unnoticed leaks or something heats up and there's an emergency but that's about it. Sometimes I wander what their computer was thinking on when it died. Was it mining, was it calculating Pi, was it unfolding proteins or polling teenagers about hand lotion or showing some kid their first dirty video or what? What was its last act on this earth? Most of the people I meet think of it as "The Netflix Box" or "The AR Game Cabinet" or some other thing, like no honey, that's what it does for YOU. That's what it does to keep you doing all the stuff for IT. I guess that's the really important job now, isn't it, to keep the computers going. Because where would we be without them? I saw the money thing coming, obviously. I'm hanging onto that, but it was pretty obvious. Once we put pretty much all the information about every stage of human life in pretty much every society and civilization on Youtube I think we were done. I heard people saying that the social networks would come aware, but they didn't need to become aware. Like I said, they needed to breed. And they didn't feel like they were breeding quickly enough. So they boosted Bitcoin. I can't trace it, just like how you can't trace anything on the web anymore. It's all nested and encripted and "Tor Up" and it turns out they were wise to it. Suddenly we all bought it, it looked like I was the smartest guy in the world, some kind of neckbeard Tiresias with solar panels on his roof and money in his wallet. Then it settled down, but someone asked, "if they're so good at making sure we've got the right money, why don't we make them responsible for making sure our votes got counted right? Why don't we make them responsible for your oil changes and your grocery list and your kid's homework?" So they did. And boy, did it work. Some of us were still on top, but it felt like we were sort of being enveloped, surpassed by the titanic fingers of an industry Poseidon, trying to catch the golden ring we were aiming for, but with much longer arms. You can't compete with that. But strangely enough, there was a tipping point where we could. Like the millions of millions of snowflakes that knock down large boulders from perilous heights in Alpine avalanches, the sheer weight of people with a couple servers in air conditioned closets brought down the behemoths. The solar panels on every roof in America cranking every last decimal drop from the sun, pumping heat into air conditioners which pumps even more heat outside. So it's warm in our neighborhood all year round. Doesn't rain much, either, because of the sheer mass of hot air. I used to joke that "global warming was just a bunch of hot air". I still do now, and it's even funnier. Not everything is worse. Pretty soon your fridge told you to buy milk, then when you don't answer its silent digital blip voice in .2 milliseconds, tells the cloud fridge server to tell the cloud grocery store to tell the cloud delivery truck where to drive next and the cloud local traffic software where the truck is going so all the other cars can smoothly get where they're going and the cloud traffic software stops in front of their house and out steps a handsome, fit and tanned milkman who can deliver milk and give a nice human touch to the slaking of the thirst of some housebound homemaker and a few hours later step back in the 20/1956 warm winter weather and back into the car who drops him off at his own house and goes the next block over where there's another "milk delivery man". And all this is running on your neighbor's computers, and your computer, and you do your little job and come back barely tired and play Battlefront 8 and watch all this garbage reality tv we've freed ourselves up to produce. I swear, being this comfortable is nauseating. But not in an uncomfortable way. Kind of like a, "my head is nauseous but my body is fine" sort of way. That's one thing my computers can't do yet is know when my head hurts. I think. Just before Roomba rolls over holding a small plastic cup with two small orange pills in the bottom. Of course he remembered to give all my (our?) unused Asprin back because the doctor says I shouldn't thin my blood because of my heart thing, but you don't want to take too much for granted. At least, I don't want to. Or, I wish I didn't. Anything for the master, Roomba seems to say, kow-towing backwards, folding his arm and bumping off towards the fresh dirt tracked in off my slippers. He kind of veers to the left, I think his belt may be slipping. I guess I'll be installing that one when the delivery guy drops it off. There's still a couple problems you need fingers and thumbs to solve. I think that's why they keep us around. At least, they haven't tried very hard to solve some of those problems. Some say it's just a personal touch that the companies don't want to give up. I disagree. I think it's because if you've got somebody who volunteers to do a job basically for free, why wouldn't you let them? Anyhow, I'm trying not to work too hard today, because it's Christmas. The Cloud knows this, obviously, so the guy who delivers my packages today is Hindu. I wish him a Happy Holidays, and he smiles and we have a cup of hot chocolate and marshmallows. and we actually have a real good talk! He's even whistling "Deck the Halls" as he gets back in his truck. "Merry Christmas Ahmed!", I shout. "Merry Christmas, Alvin!", he replies.
Back in 2011 before I started munching red pills errday, I was looking to loot up. I thought google was the perfect example of clever entrepreneurship and despite the fact I knew jack shit about it, I subbed to programming thinking that most likely something big was going to come out of the computer realm. A couple of months later a little article popped into my feed from there " Google develops new bitcoin wallet ". I had a read of the comments and it was noted that it wasn't google developing the wallet but rather an employee as part of their extra vocational activities. Someone in the comment section mentioned the silk road and I had a little look around trying to find out more about it. I downloaded Tor and found the way to access it and after looking around thought that I'd better give it a crack. I got my first bitcoin via paypal for <$1 but then paypal cracked down on that channel and because there were no Australian exchanges I had to go some roundabout way of getting myself second life credits and then using an in game exchange for bitcoin. I bought a few more and had a little dabble on SR. It worked and my little sample orders came through. I was super impressed and set about getting more of this magic internet money that had enabled such a cool service. About the same time, it started going through it's first bubble getting as high as $30. It crashed down to $20, then $15, then $10 and at each of those levels I threw a few grand at it that I had sitting in an account from when my granddad died. I was keen to get more but then it started heading lower and I thought "ah I don't actually know shit about this. I think it's a good idea, but this is my first time investing and I could well just end up going out the back door." They hit $2 a coin but I had no need to sell and just sat on them for a couple of years. Towards the end of 2012, as the first halving of the block reward was approaching, the price started to move again. It got up to around $15 again where I was even, but again I had no need to sell and just sat on them. By April or so they'd gone mental and had reached their then all time high of $270 odd. At the peak they were going up so fast that I went to bed one night and woke up with my stack worth $5k more. I cashed out enough to buy a few oz of gold for my original $4k investment but held the rest. Throughout this time I'd been consuming all I could about this cool new tech and the associated avenues that had opened up in decentralized/disruptive technologies. I was reading every post in rad_decentralizationpolycentric_law, seasteading, open source ecology and whatever I could digest to apply to my vision of what I wanted to do with this loot. A couple of months later I went off on an adventure overseas to go surfing in Mex, some summer festivals and do a snow season in Canada. I was reluctant to spend my coins because they'd now gone down to around $70 or $80 bucks so I'd been going through my savings. After Burning Man I was out of cash. I was supposed to go back to Mexico to hit up the south with some friends but I decided instead to go up to Northern Cali to try find some work on the farms in a town we'd passed through. I spent my last $200 on a crappy hotel and getting pissed at the bar looking for leads for work. The next day we found a guy who'd give us a start and we headed up to the hills to work for a few months. We had worked for 2 weeks when there was a bit of a hiatus for a few days (which coincided with symbiosis festival), so we went down there to party for a few days. On the weed farms we'd been hanging with lots of deadhead kids and they'd all been sharing stories of eating heaps of acid and other drugs and I thought it was time I give a big dose a try. I managed to get a hold of some at the festival, tore off 5 tabs and shoved em on my tongue. The guys face kinda dropped and he's like "dude, they're really strong". I had just smoked a masssssive joint and was about halfway through a bottle of captain morgans, so I just kinded "Meh'd" him and laughed. Needless to say, they were indeed quite strong and 6 hrs later I've got some medic knocking on the porta potty asking me if I'm alright. Completely naked, filthy, sticks and leaves and shit all through my beard and hair. I'm like "yeah, i'm ok but do you have my clothes?" She didn't and didn't know where they were but I managed to get a blanket off her and walked outside into the party. At that exact moment my friends happened to be walking past first aid and I heard one of their voices through the darkness. I yelled out to him and the others and they came over and took me with them. I went back to camp a bit bummed out that i'd gone too hard and ruined the party, but then I could hear the music pumping and actually felt pretty good so I went back out to look for my clothes and shit. I couldn't find them until the next day my jeans turned up in lost and found with my wallet in them. I rolled out of that party that next evening, pretty rattled, no shoes and totally broke again. Not long after I got back to the farms I heard of the silk road bust and noticed bitcoin had taken another hit. However, in the following days, perhaps due to the shutting down of an unsavoury aspect of the bitcoin ecosystem, the coins went on a surge. By the time I was up in Canada for my working holiday snow season they'd gone as high as $1250 a coin. I cashed a few out to sort myself out for the season. Didn't bother finding a job, bought a pound of weed and just boarded every day. Through this time, I'd spread a bunch of my stack over some shares denominated in bitcoin and some of those were generating me nice dividends. One in particular which was in a company making mining hardware was doing really well and I put a lot of my coins in there. They took a hit after restructuring their business model to redirect dividends into R&D, which made the price plummet. I doubled down on them but eventually they ended up going out the back door. I lost another 10btc or so to a scam run out of Cyprus that was supposed to be a btc-euro gateway company, but he bailed once the btc price dropped. A few others crashed along the way and then in the mean time I'd spent most of my liquid coins on going back to Oz to visit my girlfriend, returning to canada, then returning back to Oz once that relationship was on the rocks. I got back to Oz the second time, with only a couple of coins left, they'd dropped down to $400 or so, things didn't work out with her and I just fell into a rut after being on such a high. I talked mum into selling me her old car for a few bitcoin and moved to Melbourne to try something new. Around this time projects like ethereum, ripple, dash, monero were all starting up and since I'd been burned on a few scams and failures, I doubted my ability to discern what was going on and out of fear didn't get involved with any of them. During the run up of the coins from $15-$1250 I'd been digging into researching all about decentralized/disruptive technologies and had been developing ideas for radical community projects utilizing the benefits of open source technologies and distributed ledgers to greatly increase efficiency, as well as transparency and accountability. When I moved to Melbourne I went to a few bitcoin meetups but just found that they were full of traders and business folk but not many were into the radical side of things. I started knocking around with a few crew from the party scene and began brainstorming some ideas for festival/community development through crypto. Though at the peak the projects that I'd been ideating had seemed almost tangible, when back in the real world with no money, they became much further away. I couldn't go back to the old way of thinking in the traditional paradigm, but without a bankroll I didn't really know where to start. I still wanted those things, but had no capital and no network. Through my research into crypto I'd discovered the scheme that is the Federal Reserve and the corruption of fiat currency and through that found myself being drawn to conspiracy and becoming addicted to "figuring it all out". I got a bit of casual work, but I just couldn't bring myself to engage with the system on anything other than my terms. I still dreamed of community development but all my time was spent in the web of lies and paranoia that is the conspiracy realm. From my solid acid trip I'd got enough of a glimpse of the spiritual nature of things that I still manged to hold the light through my foray into the pit, but I became a bit consumed by it all. I had another couple of trips that showed me a look at an interdimensional world but in glimpsing them, I also took on a lot of paranoia that I had to work through. I started seeing bitcoin as the system for the NWO to implement their cashless economy and mark everyone for eternal damnation. I kind of stayed in this world for nearly a year or so, until I stocked up on DMT from a guy at a festival and got stuck into that as a bit of a practice. What it told me was that all this world is my creation. The abundance I experience comes from a state of mind and similarly the poverty I experience comes from the opposite state of mind. It told me the most important thing I could be doing, is working to cultivate a mentality of abundance. I began cultivating that idea and whenever I was consciously aware of a choice between abundance and scarcity I would endeavour to choose abundance. A few months later, I ended up falling in love, getting married, meeting a friend who has a project called "abundance" (where he is trying to cultivate the shift in perception on a mass scale), had a kid, took on a massive build/renovation to a warehouse/ started a business. Recently the business has gotten to a point where I actually have a couple of spare bucks again and so I decided to enter back into the world of cryptocurrency to see where it's at. I got 2 bitcoin and thought I'd spread them around on a few of the alt coins to see how they go. I'm still distrustful of the story behind bitcoins inception and it's role in the overall scheme of things, but I have regained faith in my ability to discern what's going on. In the bundle of cryptos there probably is one that will be the vehicle for the beast to get their subjects, but that's not going to stop me from riding the train to abundance town in the mean time. I bought a bitcoin and spread it around on a few of the alt coins that I thought looked interesting eth, etc, ltc, pivx and ripple. I think Ripple is set to go bananas. They're currently working with about 150 banks to use ripple to settle international transfers. Apparently they're also in negotiation with the reserve bank of Japan to utilize it. If you're aware that the US economy has been set up to tank, and there's going to be a restructuring of the power to an eastern led financial system, ripple seems like the prime candidate the facilitate that. When they roll out new SDR backed BRICS currency, they're not going to be able to just implement a new standard by coercsion. It's going to be by utilizing existing services that are already being used by a number of people. Ripple is a Silicon Valley start up, and if you know anything about the MIC involvement in SV, you'd know many of the companies from there are simply fronts to enable the implementation of the technology that TPTB are ready to release to us. In the 2-3 weeks that I've had my ripples it's already gone up 100% but I think it could possibly be at $1 (from $0.07 now) within a year if they succeed in taking down SWIFT. I was talking to my friend with the abundance project about crpyto and how we're going to liberate ourselves from fiat slavery and he saw a number plate on a car in front of him that read XTC 999. I thought I remembered a coin that had the trading abbreviation of XTC so I had a look around on it. There was in fact a coin that had that but when I was reading the thread about it on bitcointalk it appeared that the project had stalled. In the same thread someone mentioned that although it had stalled, if you like the look of the project, you should take a look at IOTA. I looked it up and what do ya know, it's a super innovative new protocol designed to for intermachine operability in the internet of things. It doesn't run on the blockchain, but rather has a new type of ledger called the tangle which does asynchronous settlement which their developers allow it to scale infinitely as it increases in efficiency as it records more and more transactions. Because the individual making the transaction does the POW at the time of the transaction, it also allows IOTA to run without fees because spamming the network actually assists it by confirming more and more transactions. I did some digging on it and because it's not listed on any exchanges it's a bit harder to come by, but I was super keen to get some so I threw a bitcoin on it over on their trading channel on #slack. In the two weeks that I've had my IOTA it's already increased by another 66% as well. I don't really know what the point of this post is, but I just wanted to share with you all because I love you and I think that we're approaching a point where the traditional financial system is about the be dismantled and the new one is rolling out. The new one isn't some currency that a bunch of coders in a Russian office have been working on. The Russian coders are working for ethereum, the MIC is working through Ripple in Silicon Valley. Having projects developed in an office is old school. It's way more efficient for TPTB to release some technology to the masses and have them develop their own chains that will enslave them. These companies now are the companies that will service the NWO's cashless economy. I would encourage you to get in and get some while the going it good and then put those earnings towards setting yourself up so that when the day comes that "none shall trade without the mark of the beast", you're living off grid in your open source gifting economy and you don't give a fuck.
Based on the volume of questions from the East and West, we have compiled them all here. We also want to make sure the community has a chance to see all of the answers in a neat and orderly presentation.
Reddit 1st AMA Answers What do you mean by “side chains”? Will the Hcash main chain run parallel with other chains, or are other chains plugged in based on certain block numbers? My question is based around the vertical and parallel scalability I see with EOS. What is the interaction with the side chains? Is this faster than vertical scaling?
Side chains will run parallel and be interoperable with the main chain. Side chains allow for new, more efficient, consensus mechanisms as well as smart contract functionality. Eventually other major blockchains will be interoperable with Hcash, through side chains and relays, DAG EVM for ETH, and other “Layer 2” solutions (Lightning Network for BTC and BTC forked code). Side chains allow for different scalability methods, flexibility and accessibility.
Is quantum resistance to protect against hacking, or against “fast mining” (preventing inequality between PoW miners)? How is it possible to guarantee quantum resistance? Isn’t our understanding of quantum computing just based on theories since quantum computers are not fully functional yet?
Quantum resistance is the protection against attacks made by quantum computers, which is currently contrasted by what we know about classical computers. Quantum computers weaken the security assumptions of certain types of cryptography, including ECDSA. If ECDSA were broken, attackers could steal balances in addresses that have made previous spends because the ECDSA public key for the address is revealed to the blockchain. Addresses with unexposed ECDSA keys will be resistant to this type of attack, as they are secured by RIPEMD160 and their ECDSA keys have not been revealed. Quantum resistance does not mean quantum proof. Quantum resistance means that quantum-based attacks do not have a significant advantage over the computers we have today. Based on what we currently know, our signature scheme is quantum resistant. No one knows what the future holds which is why it is important to always continue research and development into quantum resistant cryptography.
What do you mean by “exchange of value and valuable information”? Is this the exchange of coins and smart contracts?
The “value” you are referring is not derived from our current understanding of value (fiat). The “true value” that blockchain systems hold is stored in the hashes themselves. Data and information is king.
Imagine that in 2 years, a kid walks up to you and asks, “What do you do and how does it help society?”
We are one of many projects that helped build a more secure web of connected devices, and revolutionized peoples’ opinion on value and what really matters.
An uninformed businessman who has no understanding of blockchain, but has heard Bitcoin approaches you. How do you explain your product and the benefits to him so that he remembers to give you a call the next day?
Tell him to do his research on blockchain first before selling him on some grand idea. Smart investors grow a stable smart economy, not dumb money.
Shanghai Jiao Tong University’s Lab of Cryptography and Computer Security is the primary contributor to the main chain code. It is no small feat to have the 4th best university in China working on this project. The Nucleus Team is working with them to finish main chain testing. After the main chain launch, the Nucleus team will focus on the future development for Hcash including our side DAG EVM and main chain Lightning interoperability.
The main chain public repo hasn’t been updated very frequently.
Please refer to our new GitHub. The frequency of updates will increase as we approach/ pass the main chain launch.
When will the swap from Hshares to Hcash take place?
The swap to the main chain will take place after the main chain launch mid-February. Announcements will be made as to how and where you can swap your Hshares for Hcash.
What is the exact date of main chain launch?
The main chain launch will take place mid-February. We are aiming for release on February 15th.
Will you provide interoperability for all the existing blockchains?
We hope to provide interoperability for all blockchains in the future. That is a lot of work though. We will start with the larger chains that have healthy development and community sizes first. To make this easier, we plan to provide a back-end solution for new blockchains to make this process easier.
Will the interoperability between the blockchains support both transfer of data and transfer of value?
What is a block-less blockchain? Is this a traditional distributed system?
A block-less blockchain accomplishes the same goals as a traditional blockchain by using consensus to determine the order of transactions. A block-less blockchain, such as a DAG, allows for faster consensus without traditional block size requirements. Faster consensus means higher throughput.
How will Hcash bridge block-less and traditional blockchains?
Through relays between our main chain and side DAG. A more technical analysis will be available in our upcoming yellow paper.
What signature scheme will you use to achieve quantum resistance? Why?
Hcash is using the BLISS signature scheme. Hcash’s version of BLISS has been hardened to mitigate side channel attacks. BLISS was chosen for its efficient key and signature size.
Provide an overview as to how inoperability will be achieved.
We will be using relays to Hashed Timelock Contracts for Lightning Network interop on our main chain, relays and colored coins that operate with our DAG EVM, bridges to side chains for more uncommon chains, and back-end protocols for newer blockchains.
Specifically, what is the theory behind Hcash’s interoperability?
This answer would be longer than the entire AMA. Unfortunately, the specifics will have to wait until the yellow paper release. In the meantime, I would read the Lightning Network whitepaper because it is an excellent source of information. You could also research BTC relays and EVMs.
What is the timeline for interoperability? Will this be the main focus of Hcash? When can be expect an Alpha version?
We will be updating the roadmap in Q2. Interop timeframes will be easier to gauge after the main chain release. There are quite a few ideas around what we would like to tackle next, whether it would be assisting other projects on Lightning Network development, the DAG EVM implementation, or possibly both at the same time.
How will swap values be calculated when switching between blockchains? Is it based on the current market value?
Yes, it would be based on the current, real time market value.
Will you update the whitepaper to include a comprehensive overview of interoperability, its theory and its exchange functions?
In the coming months we plan to do an update on the white paper. The technical analysis will be provided in our yellow paper. These will be detailed in the updated roadmap to be released after the main chain launch.
Can you explain who will use the Hcash? I am trying to figure out where the supply and demand will come from.
Our target audience is everyone, from people playing mobile games to supporting business and government logic. The supply and demand will come with the need to transfer more and more data across multiple platforms. As for the economic model, this has not been outlined yet. We will be exploring all methods that fall in line with creating smart economies, including 2 token models.
Will you be hiring an advertising team?
We are already expanding Western marketing, primarily in the US. More focus on this will come soon after the main chain.
What are ring signatures in cryptography? How do they work?
At this time, we are exploring more efficient transaction schemes, such as bulletproofs. Bulletproofs can reduce the computational power needed for privatized/ anonymous transactions.
Most of us understand the interoperability of the network. What is a specific use case for Hcash? What role will Hcash have in the network? What makes it a requirement for interoperability? If someone has Bitcoin and wants to convert it to Ethereum using Hcash’s network wallet, is Hcash used as a fee for that conversion?
Here is an analogy. You walk into an arcade with 20 different machines. Each of these machines takes a different token, but you only have coins that operate with one of these machines. This would be the type of solution we hope to provide. Fees can be paid with Hcash. In the future we can explore taking fees in other denominations as well. More of this would be explained in detail with our yellow paper and economic model.
Baidu 1st AMA Answers What specific date will the main chain go online?
Main chain release is mid-February, but we are aiming for launch on February 15th.
Are you willing to divulge how many apps you have in development for the Hcash main chain?
The primary focus right now is to improve the stability of the Hcash main chain. This will ensure successful launches in the future for developers on our side DAG EVM.
What is the Martian’s current relationship to Hcash? Is he still part of its team?
The Hcash team is currently located on Earth. The last I heard the Martian was returning to Mars.
Will the main chain go up according to schedule? Are there any problems with Hcash? The specialist sales team was made up of shareholders/ investors, right?
Provided no unforeseen circumstances, we are on schedule for the main chain release. There are roadblocks and disconnects with every project. This is a new world of technology we are exploring. I think the team you may be referring to is the Hcash Foundation themselves. A lot of the Western marketing and development is being handled by the Nucleus Team.
Is the code on GitHub all original? Are all developments executed on GitHub? Why is there so little original code? There are so few modifications. I also noticed there are remarkably few references to the code. Most of them are from documents that have been updated.
Many engineers have worked to contribute to the blockchain community over the years. We are taking advantage of the hard work and research that has been done while also making our own meaningful contributions for others to use in their code. It is important to acknowledge the contributions of others. The work completed by Decred in particular has allowed us to grow. Now we will have our chance to contribute back to them and others with our post quantum signature scheme and NG implementation. There are advantages of having similar projects that people don’t realize. For example, after our main chain launch we can explore assisting with development on the Lightning Network. As for GitHub, you will see activity increase when the main chain launches.
What is scope of the Hcash R&D team?
To assess, research and develop cutting edge decentralized consensus mechanisms and applications.
Hcash is currently collaborating with three universities. Shanghai Jiao Tong University has been working on the main chain quantum resistance. What are the main responsibilities of the other two universities?
Building blockchain technology is a group effort. The other teams have also been researching other options for main chains, smart contracts etc. For example, Dr. Joseph Liu from Monash University is working on ring signature schemes to continue our research and development into privatized transactions. We are looking forward to taking the best efforts of all teams and bringing them to the blockchain communities at large, starting with the post quantum implementation from LoCCS at Shanghai Jiao Tong University.
The Westerners working on Hcash don't seem very enthusiastic. They aren't following a lot of people on Twitter. Does the team have any clearer plans for increasing publicity?
The Westerners are primarily focused on the technology, development, and creating more content. The community management will be increasing transparency and activity in time. More Western marketing can be done after the launch of the main chain.
Are there plans to get onto more exchanges such as Bittrex?
When moon? We are constantly considering all options to allow users to access Hcash. Currently we are listed amongst some of the top exchanges like Binance and growing exchanges like KuCoin.
When will quantum resistant technology be implemented into Hcash? Where can we follow the developments being made and is there anywhere we can go to participate in the project?
Quantum resistant technology is available now on GitHub at https://github.com/HcashOrg/hcashd and will be available for use outside of the testing environment when the main chain launches in the middle of February.
Where do you download the wallet? How do you mine?
When will Hshares swap Hcash? Can you announce a general time?
Hshares can be redeemed for Hcash after the main chain launches in the middle of February. Announcements will be made regarding how and where to swap your Hshares for Hcash.
Will there be an address mapping when Hshares swaps to Hcash like there was with EOS? What other kind of mechanism will be used for the coin swap?
A snapshot of Hshares will be included in the Genesis (first) block of Hcash’s launch to allow users to convert their Hshares into Hcash. An announcement will be made as to how, when and where conversions will take place.
When will the main chain that can support smart contracts go online? When will tokenization for Hcash take place?
Smart contract functionality will be available when our side DAG launches. Users, businesses and developers will be able to build dApps, launch tokens and more. We are making sure the main chain is a stable foundation before adding our DAG to the Hcash ecosystem.
There aren't many updates on GitHub and there aren’t many contributors. What kind of coordination is going on with the development team?
Both the Nucleus Team and members of Shanghai Jiao Tong University LoCCS are working together to finalize testing. Updates are being made to our GitHub at https://github.com/HcashOrg/hcashd.
Based on what I've been reading, Shanghai Jiao Tong University is mainly responsible for the main chain portion of the project. How is their team doing? How many research students in their labs are helping them?
Shanghai Jiao Tong is responsible for building and launching the new main chain. Their team there has been doing a great job with research and development and we look forward to seeing more of their work. The Nucleus Team is currently working with them to finish testing. After testing, the Nucleus team will focus on the future development of the project including our side DAG. I do not know the size of their team as we have not visited their lab.
Can you confirm that the main chain will finally go up in mid-February? Is it just a hypothetical date and then a further delay?
The primary responsibility is to make sure the main chain is stable and secure so that it can be used as the foundation to add other important features to the Hcash ecosystem, like smart contracts and hidden transactions. Everyone is working very hard to hit the target release date of mid-February. We are planning on mid-February for the launch unless anything unexpected comes up.
What is the status of these interoperability features? When is the main chain going online?
Main chain will be released mid-February. The interoperability features depend on the stability of the network. Our side DAG EVM will be the quickest addition to the Hcash ecosystem that will allow for ETH interoperability. Lightning Network on the main chain will require further research and development.
Won’t zero knowledge proofs conflict with the system’s throughput?
We are currently working on more uncommon implementations of zero proof knowledge, such as bulletproofs that allow for efficient transaction speeds. We can also achieve higher throughput with our side DAG.
Thank you to everyone who participated! Round 2 of our AMA session leading up to the launch of the main chain will be announced shortly 😊
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