Blockchain Firm R3 Is Running Out of Money, Sources Say ...

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin.

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin. submitted by eragmus to Bitcoin [link] [comments]

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin.

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin. submitted by coincrazyy to BitcoinAll [link] [comments]

04-06 21:01 - 'R3 announce their new protocol: CartelChain' (r3cev.com) by /u/iMando removed from /r/Bitcoin within 570-575min

R3 announce their new protocol: CartelChain
Go1dfish undelete link
unreddit undelete link
Author: iMando
submitted by removalbot to removalbot [link] [comments]

How to follow, study and keep up to date with the Ethereum project. This info or link might help with newbies or people you would like to send info to regarding what ethereum is.

Iv been asked to put together some info / links on the Ethereum Project by a few people lately that iv met or talked to and since its Sunday and i got a half day from work here it is:
I emailed them and then pasted it here so sorry if its a bit clumped together. Cant get the grasp of how reddit breaks up sentances 8-()
https://www.ethereum.org/ Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Ethereum Blog: https://blog.ethereum.org/
Note: This is not investment advise, This email is just to show you what Ethereum is, what these 1000's of computer scientists, developers, programmers and hackers are building. A whole new internet run from millions of peoples computers all over the world to create the "Ethereum Virtual Machine" or world computer that 7 Billion people can log onto at the same time. It is censorship resistant, encrypted and the Ethereum Blockchain can not be hacked. This is going to change the world as we know it.
There is a built in currency called "Ether" or "ETH" and can be purchased from any of many exchanges listed below.
Note 2: ETC or Ethereum Classic is a smaller blockchain project that also uses the EVM (Ethereum Virtual Machine) and id advise to stay away from that project, it has not got the 1000's of developers building it like ETH does, it apparently has one or 2 developers that went their own way, The EVM can also run private and consortium blockchains that alot of big and small companies are building on for their inhouse private operations. Like a Intranet (intranet is a private network that is contained within an enterprise)
Its very hard to understand at first what exactly blockchain is so here are some videos that i think explains it well:
BBC 2015 https://www.youtube.com/watch?v=0X33lgMbvdI
Ethereum: the World Computer https://www.youtube.com/watch?v=j23HnORQXvs
An Ethereum Interview Series // Teaser from the recent Devcon2 https://www.youtube.com/watch?v=gHseIdJ0SJU
What is Ethereum? https://www.youtube.com/watch?v=Clw-qf1sUZg&t=123s
ETHEREUM explained in 100 seconds. https://www.youtube.com/watch?v=eRDKP8nCVtU
Vitalik Buterin explains Ethereum https://www.youtube.com/watch?v=TDGq4aeevgY
DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin
https://www.youtube.com/watch?v=gjwr-7PgpN8
2016 China Devcon2: Ethereum in 25 Minutes https://www.youtube.com/watch?v=66SaEDzlmP4&t=1s
Joseph Lubin - The Basics of Blockchain and Etherum https://www.youtube.com/watch?v=0ilYnuP1qd4&t=50s
DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo
Blockchain is Eating Wall Street | Alex Tapscott | https://www.youtube.com/watch?v=WnEYakUxsHU
How the mysterious dark net is going mainstream https://www.youtube.com/watch?v=pzN4WGPC4kc&t=378s
The four pillars of a decentralized society | Johann Gevers https://www.youtube.com/watch?v=8oeiOeDq_Nc
Gavin Wood: Why is Blockchain a game changer? https://www.youtube.com/watch?v=ygZWhQXZtl4&t=188s
Brock Pierce: Blockchain technology https://www.youtube.com/watch?v=3lMvo0PPxjQ&t=619s
2014 Keiser Report: New Crypto Phenomenon Ethereum https://www.youtube.com/watch?v=hdAnyC45ZbU (starts at about 12 mins)
Devcon2 Videos from 2016 https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/videos
Devcon1 and other Ethereum Videos from 2014 & 15 https://www.youtube.com/useethereumproject/videos
Soundcloud: (these are great with Arthur speaking directly to Developers that are building on Ethereum)
The Ether Review - Arthur Falls https://soundcloud.com/arthurfalls
ConsenSys Media - Arthur Falls https://soundcloud.com/consensys
Evan Van Ness sends out "The week in Ethereum" latest here: http://www.weekinethereum.com/
Id highly recommend subscribing to his news letter here http://evanvanness.us14.list-manage1.com/subscribe?u=4c6ec57a148e890524b6ac91f&id=7061f7fa65
Ethereum Rules and Getting Started Guide https://www.reddit.com/ethereum/comments/4ws9um/rethereum_rules_and_getting_started_guide/
Reddit:
https://www.reddit.com/ethereum/new/ News, development and everything apart from price. Most news about Ethereum can be found here daily
https://www.reddit.com/ethtradenew/ price and trading discussions
Ethereum News commentators i watch:
Crypt0 https://www.youtube.com/useobham001/videos
Mr Yukon C https://www.youtube.com/channel/UClfAgeZvfwC9hcJrFisW8cQ/videos
Ethereum people to follow on twitter to get linked and fed important blockchain info:
@SingularDTV @golemproject @ethcoreproject @MrYukonC @EthereumCanada @ConsenSysLLC @R3CEV @DigixGlobal @AugurProject @NickSzabo4 @ethereumJoseph @Gatecoin @aantonop @BobSummerwill @GeorgeAHallam @el33th4xor @awrelllRo @mingchan88 @peter_szilagyi @koeppelmann @LefterisJP @stephantual @wmougayar @jeffehh @TaylorGerring @avsa (there is plenty more i just don't have them on my twitter yet)
To run a node from your computer you can download the "Ethereum Wallet" here: https://github.com/ethereum/mist/releases
Instructions:
How to Install the Ethereum Wallet https://www.youtube.com/watch?v=Y3JfLgjqNU4&t=7s
How to Back up and load the Ethereum Wallet https://www.youtube.com/watch?v=CZ8ZCtbxD0M&t=2s
How To Watch Tokens and Other Smart Contracts with the Ethereum Wallet https://www.youtube.com/watch?v=V_KJ84jkPi8
Ethereum and other blockchain project prices http://coinmarketcap.com/
There are many exchanges that trade Ether around the world http://coinmarketcap.com/currencies/ethereum/#markets
Some ones i have used are: www.kraken.com Accepts Euro, Dollar, GBP etc.. by SEPA or international bank transfer and you can buy Ether
www.poloniex.com (does not accept fiat but it is the largest volume for trading crypto pairs, I have used www.bitstamp.net in the UK to buy Bitcoin and then send them to Poloniex to swap for Ether )
www.yunbi.com A very good exchange based in China and have listed a few ethereum tokens, you need to swap through CNY (Chinese Yuan) but its easy and very good support.
www.bittrex.com No Fiat but also lists some Ethereum Based tokens
www.gatecoin.com Based in Hong Kong and you can send Euro and Dollar, Also lists alot of Ethereum Based tokens, Volume is very low at the moment as they recover from a hack but they offer very good support.
The safest place to store you Ether is on a hardware wallet like this one https://www.ledgerwallet.com/products/12-ledger-nano-s.
You can also store all you Ethereum based tokens or shares on this device https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s
The way "I view" the incentive to keep Ether (ETH) is the following and the reason i think it will go up in value is because of "The velocity of Ether moving through the Ethereum economy (Platform)". So the more Ether is used the higher the price will get and in a number of years will see us move down to the lower units finney, szabo, shannon, babbage, lovelace, and wei as the digital economy grows. Ether has 18 decimal places 1,000,000,000,000,000,000. Because after POS Ether total supply will be set at approx. 100 Million with a small inflation of 1 to 3% that pays the computers running it.
So ether will be more like the reserve currency and trade currency between all the other currencies, contracts and Dapps interacting in the Ethereum digital economy. But its main function is like a gas to run the network. Every transaction you have to pay a tiny amount to the network that goes to all the computers running the network. less than 1 penny.
Ethereum Based Tokens / Synthetic assets (What is a Synthetic Asset https://www.youtube.com/watch?v=St9DBpNBP1Q)
On coinmarketcap.com you can see there are 642 other Blockchain projects listed and some like Bitcoin are 8 years old. 90%+ of these projects are junk projects developed by 1 or 2 people and are just copies of Bitcoin. Some have added extra functions over Bitcoin and Bitcoin is a very secure but slow payment DAPP but cant do much else besides payments.
Ethereum was built from scratch and is built like lets say "android or a smart phone" so that DAPPS can be plugged in as you should have heard from the above videos. So there are now a good few DAPPS that are nearly completion that were built on the ethereum blockchain by different groups of developers. There are alot more but 328 are listed here: http://dapps.ethercasts.com/. So there is not just 643 blockchain projects there are over 1000 but all the ones on Ethereum can communicate or interoperate with eachother. Some notable ones you can see listed on coinmarketcap are Augur, Iconomi, DigixDAO, Golem, SingularDTV etc..... All these because they are built on the Ethereum blockchain can interact with eachother but the other 600+ blockchains can not. This is what makes Ethereum different from the rest.
As DigixDAO is the one i have studied most ill give an example of a DAPP thats built on Ethereum and why a DAPP would be usefull
In industry most work is automated, the operators no longer have to take process samples manually and send to the lab or go and top up a tank manually with certain additives, This is all done by automation, When the process is at a certain temperate, level, viscosity etc.. the instrumentation measures this and adds or pumps the necessary ingredients / additives to make sure the final product is made correctly. This automation has saved alot of costs and manual labour in industry.
What Digix / blockchain is doing is automating alot of the back office paperwork, accounting, agreements etc... Example: company that owns a gold vault (Like Silver Bullion) have employees handling paperwork / sales etc and when people sell and buy gold it changes hands or changes registered ownership and the employees have to manually do this paperwork. What Digix provides is automated software that does all this automatically in 14 seconds. For billing / storage if you have gold stored in the vault you pay about 1% a year so you know if you have $10,000 worth of gold then you need to pay about $100 a year which you pay by topping up your gold (DGX) by $100 and its taken out automatically each day by a tiny tiny amount.
The good thing is that if you have Gold Tokens as your savings instead of Fiat and you need to borrow $ short term you can borrow $ by agreeing to lock your Gold Tokens in a smart contract in the software and pay interest for that loan. If you pay back the loan over 3 months then the gold tokens are automatically returned to your address and you havent missed a gold rally or a Fiat devaluation. If you dont pay it back then the person who lent you the $ gets all your gold (or the % not paid) Again this process is automated in a smart contract and the bullion employee didnt have to settle all the paperwork, transfers of gold or get contracts and agreements signed by both parties, This is done by digital signature / agreements and saves the Vault operator alot of costs.
The vault operator can also earn a bit of the loans interest and $ can be provided by them or even 3rd parties. Using the Ethereum blockchain this can be done for lots of different industries from banking, stocks, insurance, gambling, pritty much everywhere
Other non Ethereum related Youtube people i follow, mainly Economics, Geo-politics, Gold / Silver etc.... These people give some very good info that you wont get from the big media companies or state media. Maybe this will help you understand why you should not keep 100% of your wealth in $ and maybe a few % is worth keeping in Crypto or ever Gold Physical or easier DGX (DigixDAO) or DGD.
Greg Hunter https://www.youtube.com/useusawatchdog/videos
Gerald Celente Trends in the News https://www.youtube.com/usegcelente/videos
Gregory Mannarino https://www.youtube.com/useGregVegas5909/videos
Realist News Jsnip4 https://www.youtube.com/usejsnip4/videos
SGT Report https://www.youtube.com/useSGTbull07/videos
Stefan molyneux https://www.youtube.com/usestefbot/videos
X22 Report https://www.youtube.com/useX22Report/videos
Clif High https://www.youtube.com/results?search_query=clif+high
Noem Chomsky https://www.youtube.com/results?search_query=noem+chomsky
Health
Dr John Bergman https://www.youtube.com/usejohnbchiro/videos
Nutrition Facts Org https://www.youtube.com/useNutritionFactsOrg/videos
Any questions just ask
submitted by TonyMcCarp to ethereum [link] [comments]

How does the Blockchain Technology Change the Finance?

01 Through Cross-Border Payment , New Asset Types and other Regulatory Compliance Many large banks, central banks, financial institutions, idea banks, inquiry companies and the futurology reasearch laboratory of government committee all raise their questions on this issue.
R3CEV, an organization which is composed of the large banks in the globe, is trying to make explanation on this issue. The Goldman Sachs, McKinsey and Consumers’ Research had been put forward fabulous reports based on this issue, while the UK government, the US senate, Canada, Australia and European Union also carry out related surveys on it.
Many startup companies has made the white paper for the innovation and application of blockchain technologies, among which will mention a larger social issue, “How does this technology change the society?”
Plenty of studies underline the following four major changed fields:
02 The Infrastructure of Cross-Border Transactions
As we all know, the digital revolution has changed the media thoroughly, which will also have influence on the financial industry to some degree. Besides, the financial organizations had been used the computer long before. From 1970s to 1980s, they set the computer as their databases, take advantage of the computer to create the website interface in 1990s and shift their focus on developing the mobile App in 21rst century. However, the digital revolution has little influence on the cross-border transaction. The West Union still remains big problems, since it uses the same business to operation related programs. Like the easy operation of cross-border remittance, the bank still use the complicated infrastructure to operate it.
The information chart below is provided by Richard Gendal Brown, it displays the development of cross-border business infrastructure and intermediary organs from 1970s till now. This structure is the outcome caused by the financial industry applying the high-security protection system on private database.
The Blockchain technology is to construct the direct relation between the financial institutions and does not need the correspondent banking any more. The main product of R3 aims at deal with the business of correspondent banking. Corda is consisted of two vocabulary “accord” and cord. In the case of Corda, the circle is composed by the banks which uses the shared account book and those banks use the shared account book to deal with the transactions, agreement and important documents.
Mr. Brown used to work in the IBM’s Blockchain project and then shift to the R3CEV. The competition between financial organizations can use the universal database to track the implement of transactions, liquidation and clearing without involving any central database or management system. In a nutshell, banks will be able to formalize and protect each other’s digital relationships in the way that were previously impossible to implement. In the description mentioned above, it means that the correspondent banking agreements and the Real Time Gross Settlement, RTGS will be replaced. Transactions can be carried out in the P2P smoothly. Ripple, a private link, is used to solve many of these issues.
c As a Classification Digital Asset
Bitcoin has created some special things: digital property. Before the Bitcoin, word “digital” is not rare. Any digitization stuff can be copied through a click button and it can be proved in the musical industry and album sales.
However, bitcoin does something fancy: it create a digital code that can’t be copied. Therefore, since the invention of the bit character, we have the way to copy the number for the first time, which gives the digital code a kind of value. Until now, the value bitcoin is based on the blockchain to prevent the double cost and fake coin. Concerning this point, the creator of blockchain create the coloured coins as company’s shares. The 'color' of these coins represents the ownership information provided by the private encryption key.
After the permission of U.S. Securities and Exchange Commission, SEC, the online retailer giant Overstock declare that Announced that it will publicly issue company shares on its own blockchain platform. We also saw the emergence of “Initial Coin Offering (ICO)” and “appcoins” (the native cryptocurrency of applications used to assist project development financing). This case are part of blockchain digital asset. Blockchain can be considered as the digital asset as well as the market operation itself. Basically, this digital asset can be regarded as the bearer instrument, a extensive and ingenious application.
04 Management and Market
For the regulators, the blockchain can be a completely transparent and suitable recording system. Once coded, they can also be used to authorize transactions that comply with regulatory filings. For example, banks have strict reporting obligations to institutions such as the Financial Crimes Enforcement Network (FinCEN). As long as the bank approves any transaction that exceeds $10,000, it will need to report it to FinCEN, and FinCEN will store the information as an anti-money laundering database.
06 Clearing and settlement
For the paper world transactions, the time frame for clearing and settlement transactions is usually “T+3” - that is, three days after the transaction.
Through blockchain technology, the entire trading cycle—execution, clearing, and settlement—can occur in the same step. Under digital assets, transactions mean settlement, and mastery of encryption keys and digital ownership, which can reduce post-trade latency and counterparty risk of the other party's non-compliance.
07 Accounting and auditing
Although most databases are snapshots at a certain point in time, the blockchain database is constructed based on its own transaction history. They are a database with context, history, and independent records. This has far-reaching implications for accounting and auditing.
submitted by DigiEx-1 to BlockChain_info [link] [comments]

Ethereum in the year of the fire monkey! can you keep up?

Soon after we celebrate the two-year anniversary of the official release of the white paper with the one millionth block on the frontier, amazing news keep coming in so rapidly that even the world's fastest client cannot finish syncing before the next incredible story hits.
Since the onset of the chinese new year, the fire monkey's frolics set the whole ethereum ecosystem on fire.
For you indulgence, I cherry picked some recent news:
I mean. Isn't this just crazy? In less than a month?
What is YOUR favourite story?
Bonus points if you give me a reason not to be bullish.
submitted by decypha to ethereum [link] [comments]

How to follow, study and keep up to date with the Ethereum project. This info or link might help with newbies or people you would like to send info to regarding what ethereum is.

Iv been asked to put together some info / links on the Ethereum Project by a few people lately that iv met or talked to and since its Sunday and i got a half day from work here it is:
https://www.ethereum.org/ Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Ethereum Blog: https://blog.ethereum.org/
Note: This is not investment advise, This email is just to show you what Ethereum is, what these 1000's of computer scientists, developers, programmers and hackers are building. A whole new internet run from millions of peoples computers all over the world to create the "Ethereum Virtual Machine" or world computer that 7 Billion people can log onto at the same time. It is censorship resistant, encrypted and the Ethereum Blockchain can not be hacked. This is going to change the world as we know it.
There is a built in currency called "Ether" or "ETH" and can be purchased from any of many exchanges listed below.
Note 2: ETC or Ethereum Classic is a smaller blockchain project that also uses the EVM (Ethereum Virtual Machine) and id advise to stay away from that project, it has not got the 1000's of developers building it like ETH does, it apparently has one or 2 developers that went their own way, The EVM can also run private and consortium blockchains that alot of big and small companies are building on for their inhouse private operations. Like a Intranet (intranet is a private network that is contained within an enterprise)
Its very hard to understand at first what exactly blockchain is so here are some videos that i think explains it well:
BBC 2015 https://www.youtube.com/watch?v=0X33lgMbvdI
Ethereum: the World Computer https://www.youtube.com/watch?v=j23HnORQXvs
An Ethereum Interview Series // Teaser from the recent Devcon2 https://www.youtube.com/watch?v=gHseIdJ0SJU
What is Ethereum? https://www.youtube.com/watch?v=Clw-qf1sUZg&t=123s
ETHEREUM explained in 100 seconds. https://www.youtube.com/watch?v=eRDKP8nCVtU
Vitalik Buterin explains Ethereum https://www.youtube.com/watch?v=TDGq4aeevgY
DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin
https://www.youtube.com/watch?v=gjwr-7PgpN8
2016 China Devcon2: Ethereum in 25 Minutes https://www.youtube.com/watch?v=66SaEDzlmP4&t=1s
Joseph Lubin - The Basics of Blockchain and Etherum https://www.youtube.com/watch?v=0ilYnuP1qd4&t=50s
DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo
Blockchain is Eating Wall Street | Alex Tapscott | https://www.youtube.com/watch?v=WnEYakUxsHU
How the mysterious dark net is going mainstream https://www.youtube.com/watch?v=pzN4WGPC4kc&t=378s
The four pillars of a decentralized society | Johann Gevers https://www.youtube.com/watch?v=8oeiOeDq_Nc
Gavin Wood: Why is Blockchain a game changer? https://www.youtube.com/watch?v=ygZWhQXZtl4&t=188s
Brock Pierce: Blockchain technology https://www.youtube.com/watch?v=3lMvo0PPxjQ&t=619s
2014 Keiser Report: New Crypto Phenomenon Ethereum https://www.youtube.com/watch?v=hdAnyC45ZbU (starts at about 12 mins)
Devcon2 Videos from 2016 https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/videos
Devcon1 and other Ethereum Videos from 2014 & 15 https://www.youtube.com/useethereumproject/videos
Soundcloud: (these are great with Arthur speaking directly to Developers that are building on Ethereum)
The Ether Review - Arthur Falls https://soundcloud.com/arthurfalls
ConsenSys Media - Arthur Falls https://soundcloud.com/consensys
Evan Van Ness sends out "The week in Ethereum" latest here: http://www.weekinethereum.com/
Id highly recommend subscribing to his news letter here http://evanvanness.us14.list-manage1.com/subscribe?u=4c6ec57a148e890524b6ac91f&id=7061f7fa65
Ethereum Rules and Getting Started Guide https://www.reddit.com/ethereum/comments/4ws9um/rethereum_rules_and_getting_started_guide/
Reddit:
https://www.reddit.com/ethereum/new/ News, development and everything apart from price. Most news about Ethereum can be found here daily
https://www.reddit.com/ethtradenew/ price and trading discussions
Ethereum News commentators i watch:
Crypt0 https://www.youtube.com/useobham001/videos
Mr Yukon C https://www.youtube.com/channel/UClfAgeZvfwC9hcJrFisW8cQ/videos
Ethereum people to follow on twitter to get linked and fed important blockchain info:
@SingularDTV @golemproject @ethcoreproject @MrYukonC @EthereumCanada @ConsenSysLLC @R3CEV @DigixGlobal @AugurProject @NickSzabo4 @ethereumJoseph @Gatecoin @aantonop @BobSummerwill @GeorgeAHallam @el33th4xor @awrelllRo @mingchan88 @peter_szilagyi @koeppelmann @LefterisJP @stephantual @wmougayar @jeffehh @TaylorGerring @avsa (there is plenty more i just don't have them on my twitter yet)
To run a node from your computer you can download the "Ethereum Wallet" here: https://github.com/ethereum/mist/releases
Instructions:
How to Install the Ethereum Wallet https://www.youtube.com/watch?v=Y3JfLgjqNU4&t=7s
How to Back up and load the Ethereum Wallet https://www.youtube.com/watch?v=CZ8ZCtbxD0M&t=2s
How To Watch Tokens and Other Smart Contracts with the Ethereum Wallet https://www.youtube.com/watch?v=V_KJ84jkPi8
Ethereum and other blockchain project prices http://coinmarketcap.com/
There are many exchanges that trade Ether around the world http://coinmarketcap.com/currencies/ethereum/#markets
Some ones i have used are: www.kraken.com Accepts Euro, Dollar, GBP etc.. by SEPA or international bank transfer and you can buy Ether
www.poloniex.com (does not accept fiat but it is the largest volume for trading crypto pairs, I have used www.bitstamp.net in the UK to buy Bitcoin and then send them to Poloniex to swap for Ether )
www.yunbi.com A very good exchange based in China and have listed a few ethereum tokens, you need to swap through CNY (Chinese Yuan) but its easy and very good support.
www.bittrex.com No Fiat but also lists some Ethereum Based tokens
www.gatecoin.com Based in Hong Kong and you can send Euro and Dollar, Also lists alot of Ethereum Based tokens, Volume is very low at the moment as they recover from a hack but they offer very good support.
The safest place to store you Ether is on a hardware wallet like this one https://www.ledgerwallet.com/products/12-ledger-nano-s.
You can also store all you Ethereum based tokens or shares on this device https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s
The way "I view" the incentive to keep Ether (ETH) is the following and the reason i think it will go up in value is because of "The velocity of Ether moving through the Ethereum economy (Platform)". So the more Ether is used the higher the price will get and in a number of years will see us move down to the lower units finney, szabo, shannon, babbage, lovelace, and wei as the digital economy grows. Ether has 18 decimal places 1,000,000,000,000,000,000. Because after POS Ether total supply will be set at approx. 100 Million with a small inflation of 1 to 3% that pays the computers running it.
So ether will be more like the reserve currency and trade currency between all the other currencies, contracts and Dapps interacting in the Ethereum digital economy. But its main function is like a gas to run the network. Every transaction you have to pay a tiny amount to the network that goes to all the computers running the network. less than 1 penny.
Ethereum Based Tokens / Synthetic assets (What is a Synthetic Asset https://www.youtube.com/watch?v=St9DBpNBP1Q)
On coinmarketcap.com you can see there are 642 other Blockchain projects listed and some like Bitcoin are 8 years old. 90%+ of these projects are junk projects developed by 1 or 2 people and are just copies of Bitcoin. Some have added extra functions over Bitcoin and Bitcoin is a very secure but slow payment DAPP but cant do much else besides payments.
Ethereum was built from scratch and is built like lets say "android or a smart phone" so that DAPPS can be plugged in as you should have heard from the above videos. So there are now a good few DAPPS that are nearly completion that were built on the ethereum blockchain by different groups of developers. There are alot more but 328 are listed here: http://dapps.ethercasts.com/. So there is not just 643 blockchain projects there are over 1000 but all the ones on Ethereum can communicate or interoperate with eachother. Some notable ones you can see listed on coinmarketcap are Augur, Iconomi, DigixDAO, Golem, SingularDTV etc..... All these because they are built on the Ethereum blockchain can interact with eachother but the other 600+ blockchains can not. This is what makes Ethereum different from the rest.
As DigixDAO is the one i have studied most ill give an example of a DAPP thats built on Ethereum and why a DAPP would be usefull
In industry most work is automated, the operators no longer have to take process samples manually and send to the lab or go and top up a tank manually with certain additives, This is all done by automation, When the process is at a certain temperate, level, viscosity etc.. the instrumentation measures this and adds or pumps the necessary ingredients / additives to make sure the final product is made correctly. This automation has saved alot of costs and manual labour in industry.
What Digix / blockchain is doing is automating alot of the back office paperwork, accounting, agreements etc... Example: company that owns a gold vault (Like Silver Bullion) have employees handling paperwork / sales etc and when people sell and buy gold it changes hands or changes registered ownership and the employees have to manually do this paperwork. What Digix provides is automated software that does all this automatically in 14 seconds. For billing / storage if you have gold stored in the vault you pay about 1% a year so you know if you have $10,000 worth of gold then you need to pay about $100 a year which you pay by topping up your gold (DGX) by $100 and its taken out automatically each day by a tiny tiny amount.
The good thing is that if you have Gold Tokens as your savings instead of Fiat and you need to borrow $ short term you can borrow $ by agreeing to lock your Gold Tokens in a smart contract in the software and pay interest for that loan. If you pay back the loan over 3 months then the gold tokens are automatically returned to your address and you havent missed a gold rally or a Fiat devaluation. If you dont pay it back then the person who lent you the $ gets all your gold (or the % not paid) Again this process is automated in a smart contract and the bullion employee didnt have to settle all the paperwork, transfers of gold or get contracts and agreements signed by both parties, This is done by digital signature / agreements and saves the Vault operator alot of costs.
The vault operator can also earn a bit of the loans interest and $ can be provided by them or even 3rd parties. Using the Ethereum blockchain this can be done for lots of different industries from banking, stocks, insurance, gambling, pritty much everywhere
Other non Ethereum related Youtube people i follow, mainly Economics, Geo-politics, Gold / Silver etc.... These people give some very good info that you wont get from the big media companies or state media. Maybe this will help you understand why you should not keep 100% of your wealth in $ and maybe a few % is worth keeping in Crypto or ever Gold Physical or easier DGX (DigixDAO) or DGD.
Greg Hunter https://www.youtube.com/useusawatchdog/videos
Gerald Celente Trends in the News https://www.youtube.com/usegcelente/videos
Gregory Mannarino https://www.youtube.com/useGregVegas5909/videos
Realist News Jsnip4 https://www.youtube.com/usejsnip4/videos
SGT Report https://www.youtube.com/useSGTbull07/videos
Stefan molyneux https://www.youtube.com/usestefbot/videos
X22 Report https://www.youtube.com/useX22Report/videos
Clif High https://www.youtube.com/results?search_query=clif+high
Noem Chomsky https://www.youtube.com/results?search_query=noem+chomsky
Health
Dr John Bergman https://www.youtube.com/usejohnbchiro/videos
Nutrition Facts Org https://www.youtube.com/useNutritionFactsOrg/videos
Any questions just ask
submitted by TonyMcCarp to Futurology [link] [comments]

Merged Mining: Analysis of Effects and Implications

Date: 2017-08-24
Author(s): Alexei Zamyatin, Edgar Weippl

Link to Paper


Abstract
Merged mining refers to the concept of mining more than one cryptocurrency without necessitating additional proof-of-work effort. Merged mining was introduced in 2011 as a boostrapping mechanism for new cryptocurrencies and countermeasures against the fragmentation of mining power across competing systems. Although merged mining has already been adopted by a number of cryptocurrencies, to this date little is known about the effects and implications.
In this thesis, we shed light on this topic area by performing a comprehensive analysis of merged mining in practice. As part of this analysis, we present a block attribution scheme for mining pools to assist in the evaluation of mining centralization. Our findings disclose that mining pools in merge-mined cryptocurrencies have operated at the edge of, and even beyond, the security guarantees offered by the underlying Nakamoto consensus for extended periods. We discuss the implications and security considerations for these cryptocurrencies and the mining ecosystem as a whole, and link our findings to the intended effects of merged mining.

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submitted by dj-gutz to myrXiv [link] [comments]

Getting there together: The moon is far. But not far enough.

Nothing good comes from actions taken through fear, pressure, greed or impatience. Nothing.
We’d do well to remember Andreas’ wise and portentous words a few years back:
“No government can fuck bitcoin up. Only we can fuck it up… from the inside.”
It has saddened many to see the split in team bitcoin.
I had hoped by now hands would have been shaken and unity restored, but it seems we continue to run in circles, echoing the wider circus show that is Red vs. Blue, Remain vs. Leave and all the petty one-upmanship, twisted half-truths and mudslinging that comes with waging information wars on an unwilling, subdued and confused populace.
As with our tattered partisan democracies reflecting never-ending post-factual news cycles via embittered old vitriolic patriarchs, so too it seems, our little motley crew of misfits and rebels have resorted to the very same tactics we lambast those FUDsters for. FUDsters we, as a community, are supposed to rally against.
There was a time when some bitcoiners – Roger included – feared for their lives and liberty, such was the commitment to this idea of a better world. Look how far we have come together since those dark, scary, lonesome days where we all needed to hide in the shadows… only a small crazy few in the world to cling to for morale and understanding.
How did such a small group of believers get to this bold new frontier we are on the precipice of with such ease? By working together, united as one and by simply telling the truth to the world at large.
Never did I think the day would come where petty differences would be so vast between us, they couldn't be settled like Gentlemen. And what is happening today is definitely not Gentleman.
Are we not tired of seeing ads paid for by /btc and bitcoin.com to buy points of views in the exact same way political parties try to buy our minds and worldviews through TV and social media? Are we saddened that Roger's crew feel so ostracised that those are the only way they feel they can reach the 'masses'?
Must we endure the same tactics of the vote-buying organised criminal class? Is this not the kind of us vs. them mentality this technology was supposed to help free us all from?
Equally, are we not tired of the attacks on Roger Ver who no doubt feels like an injured animal backed into a corner.
Whilst I abhor Roger’s strong-arm but very clever, almost honey badgeresque ;) tactics, it unnerves me that bigger, faster stronger business is his raison d’être. It unnerves me too that a single 'partisan' blogpost from someone who runs a mining pool in China can make a mockery of all the hard work, sweat and camaraderie we have all put into this project because there is no single unifying message of truth out there.
It's all happening too fast, and it is this exact million miles per hour coke-fuelled mentality that got that 'other' economy into the mess it's in, requiring the release valve of bitcoin.
The irony of all this of course is, had the split not created all this negativity and driven a wedge of fight or flight through the community, we may have all arrived at a compromise months ago that lead to bigger blocks - through consensus. Or, the alternative solutions may well have been advanced by everyone on the same page.
Either way, consensus is a must, unless you want us to repeat the same mistakes of that old world we've been rallying against. And yes, it takes time to get widespread agreement. Even more so when there's FUD flying in every corner.
In the very least, had we not been infighting we could have properly devoted time and energy to developing a robust consensus platform that even the layman can get involved with. After all, do we not one day hope to build these kind of systems for decentralised crowd-driven governance? Why not start with our own governance platform? Instead of splintering us into factions, could Roger not have vested his time and ample resources in helping develop a framework for such a platform? Would this not address the actual key issue here: too much noise and lack of real communication.
What really leaves a bad taste in my mouth is to see all the ad-hominem personal attacks levelled at Roger.
Roger Ver is a man that has been monumental in spreading the word of bitcoin, cares deeply about the innocent victims of the ‘shock and awe’ doctrine and has solid empathy towards the struggles faced by fellow humans. And he's made us smile a good few times along the way too...
Who can forget the ‘Bitcoin: Honey Badger of Money’ billboard that he had erected back in 2011 and (afaik) still stands to this day? How many people have driven past that and found bitcoin because of Roger? How many ripples in the ocean of awareness did Roger first cast?
Roger’s ‘how bitcoin stops war’ speech (and subsequent Tomasz animation) bought a lump to my throat, as did the very real heartfelt tears Roger shed for Iraq war victims; his softly spoken manner tells us that his heart is in the right place and that he loves bitcoin and its potential to free humanity from the yoke of middlemen as much as we all do.
But bitcoin is not going to end war in isolation – it can’t even end the war we created within our own ranks!
Both camps should be ashamed that we’ve allowed things to get this far. Jesus, we’ve surmounted so many obstacles together, and from real, actual ‘bad guys’ who do not give one nano fuck about this world or the people in it. Remember the money 2020 bankster comments all those years back? “Look at these fuckin’ nerds talking about bitcoin. They’ve never seen true evil till we fuck them in the ass”. THAT’S what we were up against. The following year, bitcoin brochures were on every seat at that very same conference. THAT’S what we surmounted... TOGETHER.
The attacks on Roger need to stop, as do his attacks on this subreddit, and its mods. Yes censorship sucks, but so does DDOSing a community that doesn’t understand the intricacies of the argument; an argument that should be settled either via building the aforementioned consensus platform or, for now, via Google hangouts, IRC and a separate subreddit where it can all be weighed up without the intervention and bias of people who are going to railroad the discussion through ignorance and/or belligerence, or simply people who aren't interested in technical discussions. bitcoin isn't the place for it, just as we decided it wasn't the place for market and price discussions.
Roger needs to feel he can come back to this subreddit. He was and should again be an important part of the team here as soon as these bumps in the road have been ironed out. And they will be ironed out, because we're all really fucking good at solving big problems, which is what bought us together in the first place. And this is a tiny problem compared to the others we've solved. A problem we ALL want to solve.
“But… but roger said this…” I hear bitcoin clamouring in the comments. We should not give a single fuck what Roger did or didn’t say since the Roger we are seeing is not the Roger that erected that billboard or shed those tears or made that speech, and that’s because he has faced so much vitriol from a community that has forgotten (or newbs that don’t know) all the crazy risks he has taken in the past to spread bitcoin awareness and back believers. And yes, his own actions have at times been questionable, but they come as a direct result of feeling voiceless and powerless. He’s not saint bitcoin jesus (none of us are) but he is, on the whole, good for bitcoin and passionately wants to help humanity move forward.
So let's help Roger and everyone else get back to expending our energy and considerable skills in the most positive ways for the entire group.
Which brings me to core itself, and the importance of consensus. On any programming job of this scale and sensitivity: consensus is fucking paramount. End of. If we're having problems reaching consensus it's because of a lack of communication, not a problem with the processes required to move forward. Without those processes this project would have crashed and burned years ago, probably around the time GOX went up in flames.
On this subject, I attended a core roundtable meet a few years ago in London. Present were Gavin, Peter and Mike Hearn (back before he jumped ship). Mike came across as massively frustrated, and rather than trying to build bridges, instead took the authoritarian "do it my way or I’ll burn them down" approach whilst wonderfully gentle Gavin meekly stood underneath, unsure which lane to stand under.
Peter was the only one who truly impressed me and left me feeling (as a fellow programmer) that core was in safe hands whilst he guided the oncoming traffic. He fulfilled the role of a strong leader but more importantly maintained an air of the calm, resolute thinker and rational listener. As frustrating as this might be for those like Roger who are deeply passionate about business working alongside this technology: calm, dispassionate logic is what’s needed to drive the code; if we don’t want that code falling off a manmade cliff. Yes it sucks if you're used to running a fast-paced business and you feel the out of date shop fittings are bad for customers, but having working lights and an actual USP is far more superior to pushing on with new renovations only to have the roof cave in on you and your customers.
The recent implosion of R3CEV has vindicated my thoughts on all this. In an ideal world, Mike, another person who has been fundamental in helping shape bitcoin for the better, would come back to the fold and accept that bitcoin is not and cannot be run like a business and, as such, nothing can happen through force of his will alone, no matter how loud he shouts or how many spanners he throws into the works. Indeed, had he not wasted time on lighthouse or writing guff demonising bitcoin, and instead used his skills on streamlining consensus with actual TECH instead of arrogance, maybe he would have solved the very boring human relational problems facing us. Quite why Mike figured the solution was a sassy essay and an entire new blockchain backed by the same system (and people) bitcoin is supposed to circumvent is beyond me. It makes absolutely no sense unless he never really believed from the beginning.
Then again, maybe the whole ‘bitcoin is dead' thing was an elaborate hoax, and Mike’s job was simply to infiltrate and keep the banks busy whilst firing a rocket up cores arse (which I think it probably did)… If so, bravo Mike; we look forward to seeing you appear as a nominee alongside Craig Wright at the 2020 bitcoin tinfoil oscar ceremonies ;)
So here we are. (TL/DR)
Bitcoin is still here and will still be here tomorrow, as sure as the sun will set and the moon will rise.
But wouldn’t it be a lot nicer if the whole family were dancing in the moonlight?
We MUST remember as the unlikely bunch of human beings from all walks of life that found and believed in this grand idea born in digital cyberspace all those years ago, that we all have FAR more similarities than we do differences. And the real strength we have is not that we believe in bitcoin but that we believe in EACH OTHER.
We MUST strive to put our differences to one side and start working together again otherwise we are no better than those shock and awe men in corridors of power we - or people who think very much like us - will surely one day peacefully take the baton of power from to lead them and the rest of humanity out of the darkness.
To do that we must lead by example. Together.
To do so means both camps dropping egos; and appealing to logical, rational process over impulsive fear-driven emotions. It means to tread slowly and carefully and to forgive each other for caring so much we hurt each other and the whole community in the process.
But most of all it means observing the obvious truth we have witnessed from the beginning:
The “crazy one’s” that comprise team bitcoin are stronger, braver and crazier together :)
We’ve come far together.
We will go even further when we stay together.
submitted by smeggletoot to Bitcoin [link] [comments]

Will blockchain revolutionise the music industry? It's not that simple.

Since D.A. Wallach's post in December 2014 entitled, "Bitcoin for Rockstars: How Cryptocurrency Can Revolutionize The Music Industry", there's been a rapidly growing number of individuals, companies and organisations racing to make this rather utopian vision a reality.
We've been quietly working on our own vision of this future, versions of which have bubbled to the surface on a few occasions:
…more on that soon.
When we first started building JAAK on Ethereum any face time we managed to wrangle with the music industry was met with unwavering scepticism (in the face of prototypes built on 'Frontier'). 18 months on and we now form part of a multi-billion dollar industry, and you can't walk into a music industry conference without hearing the word "blockchain".
But revolution? Disruption? Those ideas themselves have been disrupted. To coin Christensen's terms, blockchain is a disruptive innovation in some industries, a sustaining innovation in others and new models are emerging for everything in between.
So if you eat Ethereum, sleep Swarm (bzz), and drink Solidity, hold no irrational dislike of music, tv or film, and want to make a real impact in an industry that touches nearly every person on the planet then let's talk.
We're currently looking for Smart Contract, Full Stack and Frontend Developers here.
If you'd just like to follow along, sign up for our newsletter at http://jaak.io, on twitter or facebook.
See you at EDCON.
-- notyourhandle, mrtibbles, zelig, mattsaintwill, nolash
submitted by notyourhandle to ethereum [link] [comments]

Getting there together: The moon is far. But not far enough.

Nothing good comes from actions taken through fear, pressure, greed or impatience. Nothing.
We’d do well to remember Andreas’ wise and portentous words a few years back:
“No government can fuck bitcoin up. Only we can fuck it up… from the inside.”
It has saddened many to see the split in team bitcoin.
I had hoped by now hands would have been shaken and unity restored, but it seems we continue to run in circles, echoing the wider circus show that is Red vs. Blue, Remain vs. Leave and all the petty one-upmanship, twisted half-truths and mudslinging that comes with waging information wars on an unwilling, subdued and confused populace.
As with our tattered partisan democracies reflecting never-ending post-factual news cycles via embittered old vitriolic patriarchs, so too it seems, our little motley crew of misfits and rebels have resorted to the very same tactics we lambast those FUDsters for. FUDsters we, as a community, are supposed to rally against.
There was a time when some bitcoiners – Roger included – feared for their lives and liberty, such was the commitment to this idea of a better world. Look how far we have come together since those dark, scary, lonesome days where we all needed to hide in the shadows… only a small crazy few in the world to cling to for morale and understanding.
How did such a small group of believers get to this bold new frontier we are on the precipice of with such ease? By working together, united as one and by simply telling the truth to the world at large.
Never did I think the day would come where petty differences would be so vast between us, they couldn't be settled like Gentlemen. And what is happening today is definitely not Gentleman.
Are we not tired of seeing ads paid for by /btc and bitcoin.com to buy points of views in the exact same way political parties try to buy our minds and worldviews through TV and social media? Are we saddened that Roger's crew feel so ostracised that those are the only way they feel they can reach the 'masses'?
Must we endure the same tactics of the vote-buying organised criminal class? Is this not the kind of us vs. them mentality this technology was supposed to help free us all from?
Equally, are we not tired of the attacks on Roger Ver who no doubt feels like an injured animal backed into a corner.
Whilst I abhor Roger’s strong-arm but very clever, almost honey badgeresque ;) tactics, it unnerves me that bigger, faster stronger business is his raison d’être. It unnerves me too that a single 'partisan' blogpost from someone who runs a mining pool in China can make a mockery of all the hard work, sweat and camaraderie we have all put into this project because there is no single unifying message of truth out there.
It's all happening too fast, and it is this exact million miles per hour coke-fuelled mentality that got that 'other' economy into the mess it's in, requiring the release valve of bitcoin.
The irony of all this of course is, had the split not created all this negativity and driven a wedge of fight or flight through the community, we may have all arrived at a compromise months ago that lead to bigger blocks - through consensus. Or, the alternative solutions may well have been advanced by everyone on the same page.
Either way, consensus is a must, unless you want us to repeat the same mistakes of that old world we've been rallying against. And yes, it takes time to get widespread agreement. Even more so when there's FUD flying in every corner.
In the very least, had we not been infighting we could have properly devoted time and energy to developing a robust consensus platform that even the layman can get involved with. After all, do we not one day hope to build these kind of systems for decentralised crowd-driven governance? Why not start with our own governance platform? Instead of splintering us into factions, could Roger not have vested his time and ample resources in helping develop a framework for such a platform? Would this not address the actual key issue here: too much noise and lack of real communication.
What really leaves a bad taste in my mouth is to see all the ad-hominem personal attacks levelled at Roger.
Roger Ver is a man that has been monumental in spreading the word of bitcoin, cares deeply about the innocent victims of the ‘shock and awe’ doctrine and has solid empathy towards the struggles faced by fellow humans. And he's made us smile a good few times along the way too...
Who can forget the ‘Bitcoin: Honey Badger of Money’ billboard that he had erected back in 2011 and (afaik) still stands to this day? How many people have driven past that and found bitcoin because of Roger? How many ripples in the ocean of awareness did Roger first cast?
Roger’s ‘how bitcoin stops war’ speech (and subsequent Tomasz animation) bought a lump to my throat, as did the very real heartfelt tears Roger shed for Iraq war victims; his softly spoken manner tells us that his heart is in the right place and that he loves bitcoin and its potential to free humanity from the yoke of middlemen as much as we all do.
But bitcoin is not going to end war in isolation – it can’t even end the war we created within our own ranks!
Both camps should be ashamed that we’ve allowed things to get this far. Jesus, we’ve surmounted so many obstacles together, and from real, actual ‘bad guys’ who do not give one nano fuck about this world or the people in it. Remember the money 2020 bankster comments all those years back? “Look at these fuckin’ nerds talking about bitcoin. They’ve never seen true evil till we fuck them in the ass”. THAT’S what we were up against. The following year, bitcoin brochures were on every seat at that very same conference. THAT’S what we surmounted... TOGETHER.
The attacks on Roger need to stop, as do his attacks on this subreddit, and its mods. Yes censorship sucks, but so does DDOSing a community that doesn’t understand the intricacies of the argument; an argument that should be settled either via building the aforementioned consensus platform or, for now, via Google hangouts, IRC and a separate subreddit where it can all be weighed up without the intervention and bias of people who are going to railroad the discussion through ignorance and/or belligerence, or simply people who aren't interested in technical discussions. bitcoin isn't the place for it, just as we decided it wasn't the place for market and price discussions.
Roger needs to feel he can come back to this subreddit. He was and should again be an important part of the team here as soon as these bumps in the road have been ironed out. And they will be ironed out, because we're all really fucking good at solving big problems, which is what bought us together in the first place. And this is a tiny problem compared to the others we've solved. A problem we ALL want to solve.
“But… but roger said this…” I hear bitcoin clamouring in the comments. We should not give a single fuck what Roger did or didn’t say since the Roger we are seeing is not the Roger that erected that billboard or shed those tears or made that speech, and that’s because he has faced so much vitriol from a community that has forgotten (or newbs that don’t know) all the crazy risks he has taken in the past to spread bitcoin awareness and back believers. And yes, his own actions have at times been questionable, but they come as a direct result of feeling voiceless and powerless. He’s not saint bitcoin jesus (none of us are) but he is, on the whole, good for bitcoin and passionately wants to help humanity move forward.
So let's help Roger and everyone else get back to expending our energy and considerable skills in the most positive ways for the entire group.
Which brings me to core itself, and the importance of consensus. On any programming job of this scale and sensitivity: consensus is fucking paramount. End of. If we're having problems reaching consensus it's because of a lack of communication, not a problem with the processes required to move forward. Without those processes this project would have crashed and burned years ago, probably around the time GOX went up in flames.
On this subject, I attended a core roundtable meet a few years ago in London. Present were Gavin, Peter and Mike Hearn (back before he jumped ship). Mike came across as massively frustrated, and rather than trying to build bridges, instead took the authoritarian "do it my way or I’ll burn them down" approach whilst wonderfully gentle Gavin meekly stood underneath, unsure which lane to stand under.
Peter was the only one who truly impressed me and left me feeling (as a fellow programmer) that core was in safe hands whilst he guided the oncoming traffic. He fulfilled the role of a strong leader but more importantly maintained an air of the calm, resolute thinker and rational listener. As frustrating as this might be for those like Roger who are deeply passionate about business working alongside this technology: calm, dispassionate logic is what’s needed to drive the code; if we don’t want that code falling off a manmade cliff. Yes it sucks if you're used to running a fast-paced business and you feel the out of date shop fittings are bad for customers, but having working lights and an actual USP is far more superior to pushing on with new renovations only to have the roof cave in on you and your customers.
The recent implosion of R3CEV has vindicated my thoughts on all this. In an ideal world, Mike, another person who has been fundamental in helping shape bitcoin for the better, would come back to the fold and accept that bitcoin is not and cannot be run like a business and, as such, nothing can happen through force of his will alone, no matter how loud he shouts or how many spanners he throws into the works. Indeed, had he not wasted time on lighthouse or writing guff demonising bitcoin, and instead used his skills on streamlining consensus with actual TECH instead of arrogance, maybe he would have solved the very boring human relational problems facing us. Quite why Mike figured the solution was a sassy essay and an entire new blockchain backed by the same system (and people) bitcoin is supposed to circumvent is beyond me. It makes absolutely no sense unless he never really believed from the beginning.
Then again, maybe the whole ‘bitcoin is dead' thing was an elaborate hoax, and Mike’s job was simply to infiltrate and keep the banks busy whilst firing a rocket up cores arse (which I think it probably did)… If so, bravo Mike; we look forward to seeing you appear as a nominee alongside Craig Wright at the 2020 bitcoin tinfoil oscar ceremonies ;)
So here we are. (TL/DR)
Bitcoin is still here and will still be here tomorrow, as sure as the sun will set and the moon will rise.
But wouldn’t it be a lot nicer if the whole family were dancing in the moonlight?
We MUST remember as the unlikely bunch of human beings from all walks of life that found and believed in this grand idea born in digital cyberspace all those years ago, that we all have FAR more similarities than we do differences. And the real strength we have is not that we believe in bitcoin but that we believe in EACH OTHER.
We MUST strive to put our differences to one side and start working together again otherwise we are no better than those shock and awe men in corridors of power we - or people who think very much like us - will surely one day peacefully take the baton of power from to lead them and the rest of humanity out of the darkness.
To do that we must lead by example. Together.
To do so means both camps dropping egos; and appealing to logical, rational process over impulsive fear-driven emotions. It means to tread slowly and carefully and to forgive each other for caring so much we hurt each other and the whole community in the process.
But most of all it means observing the obvious truth we have witnessed from the beginning:
The “crazy one’s” that comprise team bitcoin are stronger, braver and crazier together :)
We’ve come far together.
We will go even further when we stay together.
submitted by smeggletoot to btc [link] [comments]

Last week Top news: summarized by Huobi 27-04

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Overstock, Openbazaar, Kinguin... Which other companies do you know are taking bitcoin into their business?
Bitcoin:
Blockchain application:
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submitted by Huobi-USD to Bitcoin [link] [comments]

OMG Panic! Ethereum is crash! Doom! Sell! /s

As the price falls today. Lets prepare for the myriad of threads popping up asking why is Ethereum crashing, why it's dying and how people should abandon ship to buy Bitcoin the savior of cryptocurrency.
to quote last year's doom sayers
"Ethereum will never be the world internet, nobody will use and adopt the public ledger" "Hyperledger and R3cev will be the new finance blockain" "Ethereum is useless as a smart contract platform because it does not support immutablility" "Rootstock that runs on top of bitcoin will replace Ethereum easily with segwit implementation" "Ethereum fork coin" "Buy buy buy Bitcoin, Ethereum doom doom, Ethereum back to $0"
Lets all hold hands and chant these mantras together. /s
What new ones will be made this year I wonder?
That said, lets sit back and watch the beautiful destruction of portfolios and wait for a buy back for those smart enough to have held on to some FIAT in reserves.
submitted by syaoran99 to ethtrader [link] [comments]

The goal of [U.S.] banks seems clear: Put Bitcoin under one unified regulator, the Federal Reserve.

Firstly, consider The Praying Banker's (Charlie Cooper's) statement here:
The second thing the fractured regulatory environment does is because it takes longer to get to consensus, to the point made about protecting the dinosaurs, the startups will run out of runway; the companies that will remain standing 5 years from now are the big tech companies or the banks—you know, whomever your villain is—who can wait until this has sorted itself out, and they have plenty of money, and then they decide what they want to do, and the real entrepreneurs, the people now—whether they're pro-bitcoin-the-currency or not is irrelevant for this conversation—those real entrepreneurs that are out there trying to make a go of it are going to suffer because they don't have enough money to make it 3 years.
And, that's maybe just where we are—maybe a recognition.
But, there's a perception, I think, outside of Washington that regulation itself harms industrial growth, entrepreneurship, etc. I'd make the counterargument: It's regulatory uncertainty that causes that harm; if we knew what the regs were, we could operate within them today, and build business models in that context today, but unfortunately because we don't know, and everyone is kind of looking at each other trying to figure it out... I mean, this currency/commodity thing is fascinating; if I have it right—I could be wrong—I think the IRS has already called it a currency, and the CFTC might have called it a commodity... All right... And, it's property in Japan—I didn't even know that! So, wow... now what do I do?
That seems like a legitimate concern.
However, I'll point you to the fact that he's highlighting the problems of a "fractured" regulatory situation (something that another guy jokingly calls a "decentralized" regulatory framework); indeed, one person laments that the U.S. cannot do what Great Britain does in providing one single regulatory agency to rule them all.
There seems to be a push to emphasize the virtues of centralized control; this guy (who is sitting next to The Praying Banker) suggests giving more control over the cryptocurrency industry to the Federal Reserve:
Just to reiterate: We have a fractured regulatory system, but I do think that if the Federal government wanted to go in this direction, there are authorities under the Dodd–Frank act that the FSOC (Financial Stability Oversight Council) could exercise to give the [Federal Reserve] enhanced authority over this area, and I think it's [at least worth] having the FSOC explore that now—not take a decision on it, necessarily, but have that integrated in the process, so that if they decide in a few years that the Fed is the right place to house an overview of this area and to develop new rules for it, that they could.
David Wessel, the moderator, at least sees through it:
I'm looking forward to the Industry going to the FSOC and saying "Please, put us under the umbrella of the Fed—"
Then, some other guy jumps in and helps defend the position, speaking almost in lock-step with the last guy regarding various points, leading the moderator to refer to this outburst as a conspiracy against him.
It is a conspiracy, no doubt.
The Banks love the Fed, because it is from the Fed that they derive power; so, despite the truth behind Charlie's words regarding the harm of regulatory uncertainty, it looks like he and others are merely using that point to maneuver mind-share toward their goal of placing control under one regulatory agency: Their long-time friend and pal, the Federal Reserve.
From that cozy situation, R3CEV will be able to set in motion its glorious victory.
submitted by jensuth to Bitcoin [link] [comments]

BITCOIN NEXT MAJOR MOVE WILL BE HORRIFYING (btc crypto live price news prediction analysis today ta Trace Mayer - Long on Bitcoin short on altcoins and R3cev DNA: Analysis of most valuable digital currency 'Bitcoin ... Bitcoin Brief - R3Cev Sighting, Houbi in Brazil, Germany sells BTC, Italy Econ Panic Bitcoin.com - Official Channel - YouTube

Bitcoin and related issues, positive and not-so-positive news from exchanges and platforms, new investment in the industry, and possible contradiction in the midst of interbank umbrella â€" all i Bitcoin has been making news since 2009 for both positive and negative reasons. Billions of dollars have been invested into Bitcoin, and billions more have been invested in similar cryptocurrencies and associated tokens. However, attention is increasingly shifting away from Bitcoin to the technology behind it – the blockchain technology. Summary: R3CEV, or simply R3, is the big-bank funded startup that is working to research and create blockchain products for use in banking. They currently have support from 42 banks around the world. The consortium has announced today that they have completed a proof of concept test involving 11 banking partners, including Barclays, Credit Suisse, and Wells Fargo. Bitcoin Breaking News Brief Japanese Exchange Coincheck Confirms $420 Million in XEM Stolen, Second Largest in History. Major Japanese cryptocurrency exchange Coincheck has just confirmed that more than $600 million worth of XEM were stolen in a hack earlier today. Coincheck Confirms Hack After social... R3’s Corda is an enterprise blockchain platform that delivers privacy, security, interoperability and scalability. Corda underpins top-of-stack applications, CorDapps, built by ecosystem participants.

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BITCOIN NEXT MAJOR MOVE WILL BE HORRIFYING (btc crypto live price news prediction analysis today ta

Analysis of most valuable digital currency 'Bitcoin'. Watch this special segment and get to know more here. Zee News always stay ahead in bringing current af... Deze week hebben wij een interview met de bekende investeerder in bitcoin bedrijven: Trace Mayer. We spreken over de blocksize, R3cev en de belastingdienst die aan de deur klopt van bitcoin exchanges. BITCOIN: That would be VERY BAD NEWS for Bitcoin!!!! Will it happenn? Well look at this and see! $502 FREE on our Trusted Exchanges! 🔶 Bybit: https://bit.ly/... LAST TIME BITCOIN FLASHED THIS SIGNAL WE WENT UP 800% (btc crypto live price news analysis today ta - Duration: 52:40. Crypto Crew University 39,793 views 52:40 Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone ...

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