Bitcoin: Nuclear scientist caught mining cyrptocurrency in ...

Leads you to a comprehensive understanding of Forbes

Leads you to a comprehensive understanding of Forbes

https://preview.redd.it/1dra1br1xu351.png?width=740&format=png&auto=webp&s=925b38326cb8aa4f4b2863670ada61005ee72c4c
What is the hottest blockchain project in 2020?
Besides GFS, GFS is still GFS in my mind! GFS currency - the only token of Forbes cross chain blockchain!
Forbes is the latest generation of blockchain, which can be said to be a new blockchain mode, or it is not a pure blockchain project. As we all know, in the era of blockchain 1.0, the bitcoin of Nakamoto brings decentralized distributed bookkeeping book, which enables human beings to have just assets for the first time; in the era of 2.0, the Ethereum smart contract created by V God makes the blockchain have divergent applications; in the era of 3.0, innovation public chains such as EOS make the application of blockchain easier to land. It will open Forbes in the era of blockchain 4.0 and create a distributed financial era of "ten thousand chain interconnection". My feeling is that Forbes is going to overthrow the traditional Internet and the classic blockchain, and reshape a financial world built directly on the blockchain.
The most classic sentence on the Internet is: change your life, but it has nothing to do with you.
In this way, Forbes uses the philosophy of blockchain and further technology to redo blockchain and bring blockchain to a new dimension. Today's bitcoin looks like a monument and a myth, but Forbes is using its cross chain technology and financial deployment to gently reinterpret the blockchain.
Next, I will expand what you are concerned about and what I see in the form of Q & A:
1. Is it investment or speculation to participate in Forbes?
Although we do not exclude speculation, there is no doubt that participating in Forbes is one of the best investment behaviors in 2020, no less than investing in bitcoin in 2013 and Ethereum in 2016. Forbes is a pure technology project, with no messy black box operation. As Forbes early deployed the ore field to facilitate the construction of cross chain system, early users can rent the Forbes BTC miner loaded with self-developed bitcoin ASIC chips by way of mortgage, with the strongest configuration on the ground. Moreover, in the process of mining, the early nodes do not even need to pay a penny, only mortgage deposit can deploy the physical miner. The income obtained can also participate in the early stage node plan carried out by Dao organization, and part of the income can be converted into GFS through Forbes wallet.
And the deposit is not a routine, all the mortgage deposits will be locked in the chain. With the shortening of the lease term, each day will be returned to the user's wallet through the "deposit smart contract", without any centralized individual and organization participation in the whole process. In this way, it is equivalent to zero risk investment! After all, Forbes, with its cryptology and open source spirit, is inherently powerful. What Forbes wants to change is the life of centralization!
And then there's no more. Jane is not simple.
2. Why do you like Forbes?
Very simple, blockchain 4.0
First of all, let's not talk about anything. Forbes has solved a problem - mining hegemony.
In the past, blockchain seems that nodes can enter and leave freely, but in fact, it needs a huge threshold to become nodes and obtain mining rewards. Whether it's bitcoin, you need to buy very expensive and complex mining equipment (ASIC miner), or EOS, Tron and other POS projects, and you need to hold a large number of coins to be elected as nodes. All in all, most of the current blockchain systems need very high mining costs, which in essence violates the principle of zhongbencong's blockchain design.
The powerful thing about Forbes is that it creatively constructs dpoc as a consensus mechanism of trunk chain (main chain). Dpoc is a kind of common understanding of POC. There is no big deployment threshold for mining with hard disk miner. As a result of the consensus between Forbes blockchain Multi Chain Design and dpoc, all mining machines that do not have the relay chain node selected can pack the interaction information between the parallel chain and the relay chain, and can also obtain the block reward. In essence, such a design realizes Zhongben Cong's idea that everyone can dig. Let alone Forbes to build a mine pool, to build the strongest mining machine that can dig out the Forbes token GFS.
With this in mind, which blockchain product can match.
Layout of Forbes
The vision of Forbes: to build the most universal distributed financial system in the world, driven by Forbes, the most widely used cross chain system in the world.
I saw two key words: cross chain, distributed Finance
Cross chain is the most urgent problem in current blockchain ecology. In the past 10 years, various blockchain systems have been deepening in security and performance, but no progress has been made in chain and chain scalability. As you can see, the chain and the chain is an island. Can EOS players and wave players break the bond?
In the human financial life, transaction, loan, personal credit, supply chain finance, stock, commodity... They are directly full of interaction and connection. It can be said that human beings are dealing with all kinds of transactions all the time. Can the isolated blockchain really solve the problem?
Forbes is born to be a global distributed financial system and truly a financial ecosystem. Imagine what a change it would be if you could smoothly carry out blockchain financial activities with foreign small partners. This pattern is too big for me to say. But please believe that if this is done, it can be described as a complete disaster.

https://preview.redd.it/ee15vfv8xu351.png?width=1450&format=png&auto=webp&s=b36e2aa2548e0320b127d30e67d28511a666b30b
3. Is it better to mine or invite new people?
Since this is my experience interpretation, I think: invite, boldly invite new people. Every time you invite one, you add a certain amount of calculation power. It's good to mine in Buddhism, but if you can participate in the birth of a great project, you can get more profits. Why not?
Let's take a different perspective: now that you recognize Forbes, you recognize its value. Or you're not going to dig, are you! So, why can't we add more yards! Since we are trying to change our destiny, this is the highest lever. If it does, which lever can be bigger than Forbes!
So, invest money or energy, and do what you can.
4. Do I want to join the Forbes pool project?
Do you want to do it.
They all recognize the value, so they can download the application directly.
My original intention:
First of all, GFS coin is a new mining model - POC hard disk mining that "everyone can dig, everyone can benefit". It avoids pow (proof of work workload) which is a large power consumption mode. In the initial stage of the main network online, Forbes opened the mine pool plan, leasing the mine machine at zero cost, becoming the earliest node of blockchain 4.0 representing the project, and obtaining the maximum benefit. Why not? You know, GFS production is also halved in four years. To dig now is to dig bitcoin before 2013, without cost.
Secondly, in this stage, we can also increase the number of invited nodes. After the completion of the mining pool plan, we can only rely on hard indicators to increase the computing power. Now we can also rely on our efforts to get more profits. Therefore, in the face of equal opportunities for all, this is a great opportunity to take the initiative. Still hesitant?
5. Blockchain is my knowledge blind area. What can I do if I don't understand cross chain knowledge?
First of all, you have to ask you, this is the excuse you don't want to get wealth?
Not only Forbes is your knowledge blind area, but blockchain is a knowledge blind area for ordinary people. However, you should know that in 2020, the State advocates blockchain, the central bank DCEP has been put into trial operation, and blockchain has been applied in many aspects. Are you still in your blind spot?
Of course, it's not good to pull the national flag. Let's talk about something practical. Opportunity always appears in new things. Ask, what's the matter with you, a solidified model? You have money or connections. I believe that choice is more important than effort. A road, if we choose the wrong direction at the beginning, the harder we work, the farther away we are from our goal.
Therefore, the knowledge blind spot is not my problem, but whether you have a heart willing to contact new things!
Among the miners I know, there is a 67 year old elder brother who has been a soldier, a factory, a traditional businessman and a cell phone. Do you still have his blind spot?
6. Will Forbes succeed?
To be honest, I don't know. But I know that it is the blockchain project that I hope to reach the most in 2020. For details, please refer to the second question, why I like Forbes. If you really question Forbes, you can choose to only participate in the "miner Alliance Plan" and choose to mine at zero cost. No matter how the Forbes project progresses, you can get the benefit of mining without cost. Why not? Besides, when the Forbes project is really implemented, you can decide whether to invest in GFS. I'm sure you will have your own judgment at that time.
7. What is the most important thing to dig GFS?
Insist, insist, or insist.
We must make full use of our efforts in the earliest planning activities of the mine pool. After all, mining at zero cost + inviting to increase the calculation power and increase the support in the wet season. At this stage, we must dig more coins and exchange more for GFS. Maybe the reward coins you dig out in three months can't be found in a year after you try to buy hard disk mining machines for nodes.

https://preview.redd.it/wi81roocxu351.png?width=750&format=png&auto=webp&s=0cd677f420071cfad942e426d4b415165915c2d0
8. There are so many people who rent mining machines first. Do I have a chance?
People die more than people, and goods are thrown away more than goods. Don't compare with others, just be yourself.
God said, I can fulfill your one wish, but I will give you twice as many neighbors.
You will choose 10 million positive choices,
Or one less arm in the dark?
Mining is like this. Those old miners are your neighbors. Dare to own 10 million good, do not think about neighbors than you 10 million. Is that right? And when there are 10000 GFS, do you still want someone to have 100 more than you?
9. How much is GFS worth?
To be honest, I don't know. The number of GFS is 21 million bitcoin, and the price of bitcoin is about 60000 yuan. The GFS main network has just been launched. In some markets, its price has increased more than 10 times in five days, far exceeding the price of bitcoin before the half reduction. The miners who rent mining machines in advance are blessed.
As for the future, with the start of the implementation of blockchain financial facilities this year, GFS must be just the beginning. Where is the top? We witnessed it together.
10. Which do I want, kusd or usdt?
For now, it doesn't matter which one you use. Although usdt has a lot of potential risks, there are still many people using it. However, we all know that it will have a thunderstorm sooner or later.
As a cross chain gold stable currency, when cross chain finance begins to integrate into public life, kusd will show its power, which is better than issuing a usdt once in a chain. Moreover, more than 95% of the value of each kusd is based on gold, which can be exchanged by major gold exchanges in the world. The stability of gold. Have you seen it clearly in this epidemic? This is beyond the dollar.
submitted by forbeschain to u/forbeschain [link] [comments]

Forbes, the King of Cross-Chain

Forbes, the King of Cross-Chain
What is the most popular blockchain project in 2020? There is no doubt that it is the strongest cross-chain — Forbes .
https://preview.redd.it/ilkbp22f1wz41.png?width=870&format=png&auto=webp&s=4fc2a8a12e71d0f84403c917b0c140c696ac7dab
Forbes is the latest generation of blockchain, so it can be said that it is a brand new blockchain model, or it is no longer just a blockchain project. As we all know, in the era of blockchain 1.0, Satoshi Nakamoto's Bitcoin brought decentralized distributed bookkeeping, which enabled humans to have equity assets for the first time. In the era of 2.0, the ethereum smart contract created by V god has enabled the divergent application of blockchain; In the 3.0 era, the innovative public chain such as EOS makes it easier to implement block chain applications. Forbes, which will usher in the era of blockchain 4.0, will create a distributed financial era of "10,000 chain interconnection". It gives me the impression that Forbes wants to demolish the traditional Internet and the classic blockchain and reshape a financial world built directly on the blockchain.
The Internet's most classic phrase is: change your life, but it has nothing to do with you.
Forbes is doing just that, redoing blockchain with the philosophy of blockchain and further technology, taking blockchain to a whole new dimension. Today's bitcoin looks like a monument and a myth, but Forbes is gently reinterpreting the blockchain with its cross-link technology and financial deployment.
Getting involved with Forbes is one of the best investments in 2020, just like investing in bitcoin in 2013 and ethereum in 2016. Forbes is a purely technical project, not a backroom operation. Since Forbes early deployed pool mines to facilitate the construction of the cross-chain system, early users could rent the ForbesBTC mining machine loaded with self-developed bitcoin ASIC chip by means of mortgage, with the strongest configuration on the surface. And in the process of mining, the early nodes don't even have to pay a penny, and they can deploy the physical miners just by pledging a deposit. The proceeds can also be converted into GFS through the Forbes wallet by participating in the DAO organization's early-stage node plan.
And deposit is by no means a routine, all mortgage deposit, will be locked in the chain. With the shortening of the lease period, every day will be returned to the user's wallet through the "smart deposit contract", without any centralized individual or organization participating in the whole process. After all, Forbes, with its cryptography and open-source software ethos, is inherently strong. What Forbes wants to change is the centralized life!
Forbes, however, is strong in its creative construction of the DPOC as a trunk chain consensus mechanism. DPOC is a kind of common understanding of POC. It USES hard disk mining machine to dig ore, and there is no big deployment threshold. However, due to the consensus of Forbes blockchain multi-chain design and DPOC, all mining machines that are not selected as relay chain nodes can pack the parallel chain and relay chain to interact with each other, and they can also get block rewards. Such a design essentially realizes satoshi nakamoto's vision of "digging for everyone." Not to mention Forbes's construction of pool mines to create the strongest mining machines with one machine and two machines.
Based on this, can you recall which blockchain product can be compared?
Forbes vision: to build the most universal distributed financial system in the world, driven by Forbes, the most widely used cross-link system in the world. I see two key words: cross-chain, distributed finance
Cross-chain is the most urgent problem to be solved in the current block chain ecology. Over the past decade, various blockchain systems have evolved in terms of security and performance, but not in terms of chain and chain ductility. As you can see, chains are isolated islands. Can those who play EOS and those who play wave field have the same language?
In human financial life, transactions, loans, personal credit, supply chain finance, stocks, commodities... They are directly interactive and connected. It can be said that human beings are dealing with all kinds of transactions all the time. Can the isolated island block chain really solve the problem?
Forbes is a global distributed financial system and a real financial ecosystem. Imagine what a revolution it would be if you could smoothly conduct blockchain financial activities with foreign partners. This pattern is too big, I don't know. But believe me, this one, if it works, can be described as transformative.

https://preview.redd.it/xqdr4xch1wz41.png?width=270&format=png&auto=webp&s=8c6f2fe27ed0c394e9c05e95876f3fbde8482eef
I honestly don't know how much GFS is worth. The number of GFS is the number of bitcoins, 21 million bitcoins. The current price of bitcoins is about 60,000 yuan each. The GFS main network has just launched, and in some markets, its price has risen fivefold in five days, well above the price of bitcoin before it halved.
As for the future, with the arrival of blockchain financial facilities this year, GFS must be just beginning. At the top? We witness together.
submitted by forbeschain to u/forbeschain [link] [comments]

Musings on non-replicateable materials and holodeck technology

The replicator is known to be unable to create objects above a certain complexity ("The Enemy"), presumably at least partly due to the "single-bit errors" it introduces during replication ("Data's Day"). An alternative explanation is that it is possible but simply prohibitively energy-consuming to replicate some items, but I find this difficult to believe given that matter can be recycled into energy at will in the Star Trek universe.
I have seen people claim that replicators operate at the molecular or atomic level, and unreplicateable objects require submolecular or subatomic precision, but I have been unable to find a source for this. Can anyone help?
I want to note here that non-replicateable materials can be seemingly transported without issues, but it's been established that transporters work very differently from replicators and holodecks (though they have been shown to duplicate things in fluke occurrences, such as in the case of Thomas Riker).
Here are some examples of non-replicateable materials:
Onto the holodeck. Can the holodeck accurately conjure up non-replicateable materials when needed in the simulation? I have to assume that the holodeck is all smoke and mirrors, and no chemical reactions or anything truly take place, so dilithium, for example, would appear to function normally but imperfections would become apparent upon close examination. It's not clear to me whether these imperfections would be detectable by holographic instruments, but if so, they could be a useful indication that one is in a simulation, akin to a reality test for lucid dreamers.
What do you think?
submitted by pie4all88 to DaystromInstitute [link] [comments]

My Plan To Make The World A Better Place - Ask Me Anything

From little on, I’ve been borderline obsessed with making the world a better place. At 38, I wouldn’t call what I’ve done so far successful in that regard. So maybe, if the right people, those with money, influence, and a good heart, read what I have written and make modifications where necessary, something extraordinary can come from this.
So this is a synopsis of how I would change the world from a USA-centric position, given that I could indeed implement these changes, which I realize is next to impossible when politics and special interests are involved.
This is the problem. The USA has an enemy, an enemy from within. Forget China, Iran, and Russia, sure they have their own agendas that may conflict with ours, but the real enemies are the ones pulling the strings from the inside, making decisions on our behalf that benefit their agenda, not ours. In his famous speech, JFK warned us about secret societies that have infiltrated our government and taken control. This is the cancer we have to deal with before any real changes can ever take place.
Many years before this speech, corporate interests took control of our monetary supply during that dreadful night in 1910 on Jekyll Island. Does it make sense for a governing body to give control of the national currency to a private corporation known as the Federal Reserve Bank? Now we’re $22 Trillion in debt, completely off the gold standard, and our currency has depreciated in value 2,481% since 1913. Yet we are still able to keep “printing” more money. Will the printing press ever run out of ink and what will happen if it does?
Most everything we see, the perspectives we’ve adopted, our beliefs that we hold dear to our heart, are a facade. Vote Democrat or Republican, it doesn’t matter, nothing will change unless there is a revolutionary shift in power from the top down.
Although it’s a long shot, let’s assume that we the people can convince our government to represent us again and implement changes. Here are the changes I propose.
As a disclaimer, I obviously don’t have this all figured out and people who are far more knowledgeable will tear my simplistic vision to shreds. I’m ok with that. However, I’m not ok with the way the world currently operates and merely want to start a conversation on potential solutions.
Monetary Independence
Take control of our currency and place the dollar back on the gold standard as proposed by Dr. Ron Paul. Yes, I realize this will be painful. Also, focus on cornering precious metals and cryptocurrencies like Bitcoin by actively possessing them.
Energy Independence
Any sovereign nation should be energy independent. Nuclear fusion is the holy grail of energy production so we should keep investing into such research. In the meantime, thorium powered nuclear fission is an efficient, clean, and relatively safe way (although it’s not perfect) to generate energy on the macro scale. With thorium, we won’t witness anymore Chernobyl or Fukushima meltdowns. Replacing uranium powered nuclear fission with a Liquid Fluoride Thorium Reactor (LFTR) system seems like a practical way to power our future until fusion is possible.
As far as powering automobiles, consumers are slowly moving towards electric. However, the resources and environmental hazard of making and disposing of batteries presents a problem. Investing research into rectennas may be one possible way we can power these cars without the need for batteries.
On the small scale, ethanol fuel, as a biproduct of permaculture farming, created from waste products (not government subsidized corn) can wean us off fossil fuels for Internal Combustion Engines (ICE) applications.
Process Rare Earth Metals
Rare Earth metals are used in nearly all electronics and possession of them is a matter of national security. With rumors that China is considering halting the shipment of rare earth metals to the USA, we should take action to obtain our own source. In nearly every mine, United States based companies simply throw the ore containing rare earth metals on the tailings pile and bury it, opting not to deal with processing because of the presence of radioactive thorium. With a use for thorium, as proposed in the LFTR reactor, we could dedicate efforts to separating and collecting both rare earth metals and thorium.
Agriculture Independence
With permaculture based communities, we can improve the quality of our food, both plant and animal based, while creating a number of valuable products along the way, all without the need for synthetic fertilizer, pesticides, or herbicides. In this way, we can supply our communities with locally grown food with a verifiable supply chain.
Focus on Creating Bio-Plastics on the Industrial Scale
Plastics waste is a problem so effort should be placed on removing it from the land and sea. However, plastics are convenient and no one is going to stop using them so we should work on a biodegradable alternative.
End the Drug War and Legalize Everything
Legalize all drugs, both soft and hard, while further investing in drug education. Giving people the legal permission to put what they want in their body is a sovereign right. Plants like marijuana and kratom should be widely available for those dealing with pain so they have an alternative to pharmaceuticals.
Legalizing hard drugs may seem like a radical concept, but Switzerland has had success with this approach by giving heroin to addicts. With the methamphetamine and opioid epidemic getting worse, something needs to be done. Assuming that addicts can receive therapy and use the drugs they are dependent on in mandated government institutions that ensures their safety, again, as is done in Switzerland, the use of fentanyl and other street drugs will drop dramatically. By giving addicts their fix and the help they need, overall crime will likely drop.
Give Homeless People Homes
Homeless people generally don’t want to be homeless and no one wants to see homeless people roaming their streets, but there isn’t much being done to rectify this problem. Many homeless people are either addicted to substances, have psychiatric problems or both. Investing in buildings to provide housing where these individuals feel comfortable by giving them food, clean water, drugs, alcohol, and psychiatric help can greatly reduce homelessness.
Invest in Psychiatric Care
Without anywhere to turn for help, many turn to drugs, alcohol or crime. With the increase in mass violence, many have blamed the problem on guns. However, guns aren’t the problem. The issue is people in emotional turmoil, on anti-psychotic drugs, in a society that doesn’t care for them.
Independent Studies on Pharmaceutical Drugs
Many of the problems society experiences are related to pharmaceutical drugs, but corporate greed and paid off politicians generally turn a blind eye to that. Although the mainstream news doesn’t acknowledge that many of the mass shooters had anti-psychotic drugs in their system, a link between these two factors should be researched.
1st Amendment
All speech is protected. While “hate speech” may not be in good tastes, it is protected under the 1st Amendment.
2nd Amendment
Keep it exactly the same.
Immigration Reform
Anyone who goes through the process of immigration should be welcomed with open arms. We don’t need a wall, however, we need a large increase in border security and well defined laws with regard to the proper course of action when dealing with immigrants who have not attained legal status.
Abortion
Make it legal. Do we really need more people in the world, especially those who aren’t wanted by their mother?
Assisted Suicide
Make it legal. People have a right to make their own decision regarding their life or death.
Prison Reform
Release non-violent offenders from prison, while helping them adjust to life in society and providing them with psychiatric help.
Military Spending
Determine what is essential and what could be cut. Do we really need to spend $648B annually on military expenditure?
Scientific Research
Take a look at scientific ethics and consider modifying them. The problem we have is that a country like China is ahead of us in many regards because they are willing to branch out into new scientific pursuits, while we end up dealing with red tape, setting us back. We can’t afford to be behind in the scientific field.
AI Research
The cat is out of the bag on AI. While a future with AI is downright scary, it is inevitable. We need to focus significant resources on becoming the first to "perfect" AI. If we don’t, we will literally be 100x behind the country that does in a matter of weeks.
5G Internet
Before ISPs push for 5G Internet, it should be proven safe. Since there haven’t been any safety tests on this technology as far as I know, that should precede installation.
Other Topics
If you want to know about any other topics, just ask me, I’ll give my opinion.
submitted by enkiamo to AMA [link] [comments]

An Old Pirate's Party [Pirates II]

This is for the civilized life category. And I know that bit mentions a recent return to the civilized life but this is a pirate who's been living it for a while. I still think it works. Just something light and fun for me to write out before the next chapter of Spellslinger. Enjoy!
Stories
Isaac looked up into the sky of his home and wondered why it was he bothered coming to parties anymore. They’d lost their thrill and fun years ago. But at the very least it gave him a reason to venture forth from his mansion. He gazed up at the night sky from the veranda of… some lord’s estate. He had forgotten who owned the place. While the parties might have grown old and dull to him the night sky still had the same beauty. Orbiting a somewhat distant blue purple gas giant known as Jauvive that had trapped a ring of ice rocks the moon of Tortova had a wonderful view. It was just nearing the point where the sun had set, but Jauvive still kept the sky relatively light and one could see the glimmer of the ice in orbit.
But Tortova wasn’t just known for it’s beautiful sky. It was much better known for its perfect position in the system to reach many important trade routes, and being just one of dozens of moons around Jauvive that provided all sorts of safe havens and hidden ports for entrepreneurial ship captains. Or rather it used to. Isaac sighed as he thought of how things had changed. Now there was a full time naval presence in the area. The moons were all mapped and charted. The lanes were patrolled and guided. The golden age of adventure was dead. And most of his old friends with it.
Isaac had gotten out at the top but he couldn’t help but feel like he should have just gone out in a blaze of glory instead of… fading away in dull parties for dull people. As he set his hand on the hilt of his sword he smirked at the thought that hardly anyone even brought blades to parties anymore. When was the last time he’d been in a duel over the love of a woman? Or the insult of a spilled drink? When was the last time he’d even seen a duel? He shook his head slowly and kept watching the ice rings above him. Maybe he’d go home early and pass out drinking one of those old bottles of Space Kraken Rum he had. But before he could leave he heard someone speak up to his side.
“Uhm… Excuse me.” He turned then and looked over, and then down. Before him was a Cauchon girl, perhaps twelve or thirteen. They made him think of a cross between a cat and a bird. They had triangular ears atop their head, cat like eyes, and mostly a fine coat of fur, but their tails were bright colorful plumes like that of a bird and they had wing like webbing that ran under their arms. Though they couldn’t fly he’d seen them glide. His firstmate for most of his illustrious career had been one. But these days so many of them hide away their tails and wings under fancy clothes that fit in better with the aristocracy of Tortova. Such as this one in a fancy pink dress that probably made her look twice as big as she really was. She didn’t look comfortable in it either.
“What can I do for you child?” He asked and then took his hat off with a flourish as he bowed before her. “Captain Isaac De Nullepart at your service. Imperial Navy. Retired.” He winked at her as her eyes seemed to light up like he hadn’t seen in so very long.
“Aren’t you… uhm…” She fidgeted with her fingers as she stammered a little. “Aren’t you Captain Nowhere? Ghost of Jauvive?” When she asked that he grinned wide, many of his holoteeth glimmering in the dim light. They were considered gaudy and passe these days by most of the high class but they’d been all the rage in his prime.
He pressed a finger to his lips then and made a soft shhh. “Don’t tell anyone. They all think I was just some old icy void dog. But you’ve got a good eye to you.” He grinned at her once more.
“Did you really lose your arm to a giant crag snapper?” She asked and he chuckled as he held out his left hand letting her see his synthetic fingers.
“Just the fingers. The bastard tried to eat the my favorite navigator! Couldn’t allow that now could I?” He teased. She was looking up at him with a mixture of awe and wonder that he hadn’t seen in… how long had it been? He looked at her and then out over Lord Whatshisface’s personal garden over the back of his estate and waved out over it. “I once dueled Baron Ventenia out here you know. Back when he owned this place.”
“Just before you cut out his eye and stole his wife!” She finished for him which made him chuckle.
“She wasn’t his wife, and since no one belongs to anyone but themselves I didn’t steal her from anyone.” He corrected.
“Which is why you destroyed the Royal Bank’s Debt Holder’s Office on Porosau! And then slipped between the rings to make your escape when they called the whole fleet after you!” As she rattled off some of his past work he could only chuckle and grin once more.
“Allegedly my dear. Allegedly. After all what pirate would destroy so much money rather than steal it for himself?” He asked.
“B-because everyone can be from nowhere. Everyone can start life new! All they need do is join your crew!” He smirked as she used his old slogan to get more crewmembers when he was in port. “You were born a bastard and… oh. I’m sorry.” She realized what she’d said and he just laughed.
“No no. Quite right. A born bastard and a living bastard according to my enemies.” He teased. “I was cast out by my father-”
“And then dedicated your life to bringing him down and claiming his noble title as your own culminating in the infamous raid on the governor’s palace! Where you killed your evil brother and father and stole the title for yourself shortly before the equally famous Twilight Invasion of the Imperial Navy which many claimed you planned and guided! All the other captains were involved! Captain Dreadbot! Bloodblade Robert! Ironhide Irvek! Madame Lerau!” As she began to list off some of his old friends his smile slowly faded.
How many of them he’d lost. He’d negotiated a deal with the Imperials, trading treasure for title and gotten out of the game. But the others… well most of them hadn’t made the same sort of plans. They didn’t understand how different it would be when the Imperials invaded. Then the system was filled with standing navies and the increase of importance to the various nations involved meant pirates were getting pushed out. Used to be lone merchantmen fat with treasure from the Anzarin crusades, or even gold and silver from the mines of Platanuva.
Then they were coming in convoys. Then armed convoys. Then they didn’t need to stop to refuel or discharge around the gas giants as much, and all the safe routes through the moons were charted. The treasure fleets stopped, the gold and silver started being processed locally, and now the shipments were more about grain and ore than anything a pirate could easily use. For a brief wonderful period Isaac had been the right person, in the right place, doing what only he could have achieved. And now it was over. Never to return. “Captain Nowhere?” He returned to reality as she spoke and focused on her once more. She looked up at him with a worried expression. How long had he been standing there silent?
“My best friend for decades as Cauchon you know.” He said as he tried to figure out what to say to the girl.
“Rainbow Rick. He… I think he was my great uncle. But… my family doesn’t really want me asking about that sort of thing. They say it’s not polite anymore.” He laughed as she mentioned that and gave her a more focused look. “Is it true that Baron Ventenia hid jewelled flowers around his garden for both lovers and victims of his?” She asked and Isaac smiled once more.
“Now there was a son of a bitch with a sense of style. He insisted his ship had this incredibly intricate gold rose etched into the bow. I stole it. Twice. But yes… I’m sure there are still a few of those flowers out there.” He waved at the garden and the hedge maze in the distance. “Want to go find one?” He asked. She brightened up for a moment and then looked suddenly worried, her ears twitching about as she looked to either side and wrung her hands.
“I’m… I’m not supposed to leave the veranda… It’ll ruin my dress. It’s very expensive.” She said and Isaac looked around for a moment before picking up his rum and Tunac juice before splashing the drink all over the front of her dress. The green juice staining the pink fabric immediately as she gasped out.
“There. Dress is ruined. Let's go have an adventure.” He grinned at her and after a moment she nodded and turned around.
“Could you just grab that big string and pull?” She asked pointing to a knot that held the dress in place. He arched a brow but reached out and tugged, and as it came free she tucked her arms into the dress letting it fall to the ground as she revealed beneath it a small spacer suit like so many pirates wore in his day. He laughed at the site of the young girl wearing an oil stained greasy outfit like that but he noticed the bright rainbow plumes of her tail and as she stretched her arms out he could see she’d modified the sides of the suit to allow her wings room, her feathers shimmering in the light making an unmistakably familiar pattern to him.
“You’ve just got to be related to Rick.” He muttered and when she turned around she smiled up at him and saluted.
“Sophila Nul Jipa Rochelle reporting for duty Cap’n!” He took a moment to salute her back.
“Welcome aboard Rainbow Rochelle. Let’s find some treasure!” He turned and jumped over the edge of the veranda then waiting for her to quickly hop over and follow him as he rushed towards the garden in the distance feeling an energy he hadn’t experience in years. Possibly decades. As they got near the maze he stopped short. “Hold on First mate! I hear there are dangerous animals in these parts! They’ll tear you apart if you’re not careful!” He looked around then and pointed as he finally saw who he was looking for.
“There!” He whistled out and watched as the golden brown dog looked up, from his place in a fancy doghouse. Isaac couldn’t remember the lord’s name that owned this place now but he did remember his dog. “Look out! The vicious beast approaches!” Chance came running over then, excited at the sudden company. He jumped around a bit but didn’t try to climb on either of them, though he did lean up to lick at the girl’s face.
“Cap’n the beast has a taste for my flesh! What do we do?!” She gasped out as Isaac quickly picked up a stick.
“Never fear first mate! We’ll draw it away with this! The bane of terrible beasts everywhere!” He wagged the stick in the air for a moment to get the dog’s attention and then tossed it out into the garden. As Chance went running Isaac winked at Rochelle. “Now let's hide. It’ll confuse him something terrible.” She was laughing as they dashed into the maze then. Soon they’d found one of the old jeweled flowers and he’d broken it off at the base to give to her. They’d played around with the dangerous guard beast for a bit and then headed around the estate to the kitchen. It was time for him to show her a small taste of piracy.
The servants inside jumped as Isaac kicked the door open and stepped in waving his electrosaber around in one hand and his plasma pistol in the other. “Yarrr! I’m Captain Nowhere and we’re here for the loot!”
“Yeah! We’re here for all the ice cream!” His new first mate called out as she waved a stick at them. As they stormed the kitchen Isaac made sure to press a Gold Bitcoin into the hand of each of the servants as he passed, waving about his sword and shouting a bit but not doing more than that as his partner in crime grabbed several cartons of ice cream from the freezer. As they retreated with their illgotten gains he snagged a bottle of rum as well and then bowed before the surprised and shocked staff.
“Don’t forget yer run in with the nefarious Captain Nowhere! Best be off about your lives thankin whatever ye believe in that I left ye all in one piece!” He bellowed with a laugh but then left a pouch of more Golden Bitcoins in the hand of the nearest waiter. “Spread em around. Twas all in good fun.”
He then joined his newfound crew outside on a bench in the garden. She had opened all the cartons and seemed to have tried all of them once or twice, and possibly had stuck her face into one of them based on how much was smeared around her muzzle. He chuckled at the sight and pulled the top off the bottle of rum with his teeth and took a swig. “Can I have some?” She asked, pointing at his bottle. He looked at it for a moment and then grinned, his holoteeth once more gleaming in the dark.
“Sure. But it’s a might bit strong.” He cautioned. She took it in both hands and slowly tilted it up, he doubted she got more than a taste of it before she pulled it away, coughing and sputtering. He laughed and patted her on the back with one hand, taking the bottle back with the other.
“It’s… good…” She whispered unconvincingly as she coughed and blinked away tears.
“Ah that it is.” He smiled and then took up one of the spoons she’d stolen to get a scoop of ice cream for himself. “Aaahhh chocolate and cinnamon with a hint of orange. One of my favorites. Used to be a time when it was damned hard to get any of those things. I remember stabbing a man for my very first banana.”
“I wanna be like you when I grow up. I wanna be a pirate.” Rochelle said but then Isaac frowned and shook his head.
“No you don’t. You might want to be like me in a way but not a pirate. Those days are over. And even when those days were still around it isn’t the life you think it was. See all my teeth?” He waved a hand at his holosmile. “There weren’t any dentist pirates. The old void rations were so hard we’d chip our teeth on them, or they might get rotten out by ivory worms. You have any idea what it’s like to feel a worm wriggling around in your gums?” He asked and saw her disgusted expression. “It’s not pleasant.”
“Well… but I mean what about all the adventure?” She asked.
“It was dangerous! You know why I made sure to make the people love me? Why I spent so much time killing tax collectors and destroying debt holders? Because I needed to keep recruiting new desperate idiots! I had hundreds of crew die under my command. Boarding ships, raiding ports? Deadly deadly work. To say nothing of the pirate hunters.” He shook his head then at some old memories and ran a hand along his right knee as it twinged from an old wound.
“Well you didn’t have anyone telling you what to do.” She insisted and he laughed.
“I did before I was captain. I worked my way up you know. Scrubbing decks, painting the hull, cleaning the weapons. Then I was firing the weapons and terrified every second of every battle. I obeyed orders until one day our captain died and for some reason everyone looked at me. That was more terrifying than any battle. All these people who elected me as captain? Like I had all the answers? How did that happen? And that freedom you likely think about? It comes with having no family. No connections. I’m guessing you don’t like being told to wear stuffy dresses and come to boring parties?”
“I hate them.” She agreed with a nod.
“Well, it’s likely cause your parents love you and think it’s in your best interest. I have no idea what your parents are like but let me tell you this. Cherish their love. Hug them often. Spend time with them. Do what you have to for now, but turn your situation to your advantage. Don’t try to rebel and run off. That will make them try to cling tighter. Make deals. See if they can teach you how to sail, or take you to museums where you can learn. The age of piracy is dead.” He sighed and shook his head. “As are most of my oldest dearest friends. Let an old pirate give you some advice. Try to make your excitement legally. You like adventure and exploration right? Well do you know how many old ruins dot these moons? How many wrecks need to be explored around this system?” He waved his hand at the sky.
“Lots?” She asked.
“Lots.” He agreed. “Get educated. Explore the old ruins in the name of preserving history. Start your own museum. Make your own path to adventure. Figure out your strength. Because you are strong. Strong in a way so few people are. You might not have the raw strength like Ironhide, or the speed of Captain Dreadbot, but I’m sure you’ve got something. But don’t hate the people around you who trade safety and comfort for excitement and adventure. Some people aren’t as brave as you or I.” He winked and ruffled up her hair.
“I just don’t like being told what to do all the time. And they never let me just… go run around and have fun.” She insisted.
“Guess what? You’re a child. It’s going to happen. Learn to live with it for now. Bide your time. Like I said make deals with them. Be smart about it. Use the opportunity given to you by being born into a nice family that can attend boring yet fancy parties like this. Because let me tell you, being born a bastard is not nearly as fun as the stories and legends make it sound. You still have your flower?” He asked and she nodded, pulling the small silver and white gold flower from a pocket. Isaac had no idea if it was supposed to symbolize one of the old baron’s victims or lovers but really it didn’t matter.
“Should I put it back?” She asked and he shook his head.
“Keep it. Proof that if only for a night you were a part of Captain Nowhere’s crew.” He stood up then and set the bottle of rum back down on the bench. “Now come on. Let’s see if they’ve started sending out search parties for you.”
She sighed and set down her carton of ice cream as she got up to follow him back to the veranda of the estate. As they got close they could see a crowd assembled at the center of the veranda and he called out as he approached. “Looking for this one?”
“There you are! We were worried sick! You ruined your dress! And what’s all this!” A concerned Cauchon woman dashed forward and had already pulled a cloth from… well he wasn’t sure where she’d kept it in her dress but she was using it to clean the ice cream smudges from the girl’s mouth. “You’re in big trouble young lady!”
“I know…” Rocehlle accepted with a sigh.
“Now now, it wasn’t her idea. It was all mine. I take the blame. I accidentally spilled drink on her dress and thought it would be fun to show her the old garden. Don’t be too hard on her.” Isaac insisted. But he watched a man in a particularly fancy set of clothes push his way out through the crowd.
“Captain De Nullepart this behavior is unacceptable! I kept you on the guest list all these years out of respect for your position in this society’s history but this is just too much!” Isaac rolled his eyes as he looked at the clean shaven lord before him. His hair perfectly manicured, his hands soft and untested, his clothes not even ruffled.
“Now now, I am here to apologize. We had a bit of fun is all. No one got hurt.” He insisted.
“That changes nothing! I’m not sure I’ll ever let you onto my estate again!” When the lord said that Isaac just smirked and in a flash the crowd backed up with a gasp, his electroblade extended out, the point pressed against the lord’s throat. His eyes wide with fear as he could hear the soft hum of the blade as Isaac rubbed his thumb over the button to charge it.
“Kid. You don’t let me do anything. I do what I feel like. I’ve likely killed more men than you’ve ever met in your life. Are you strong?” He asked then and the lord frowned, looking confused.
“Am I…”
“Strong.” Isaac repeated. “Do you have any idea if you’re strong?”
“I… I don’t know how much I can lift…” The lord stammered out.
“Not physically! With those little twigs you call arms I can see you’re not some muscular giant. But it doesn’t matter because if someone asks you if you’re strong and you don’t immediately reply yes then the answer is no. You’re not. Because you’ve never had any reason to find out. You’ve never tested yourself. Well I have. And this little one here is a fraction of your age and she already knows she’s strong.” He waved at Rochelle. “Civilization is a gilded cage. A gilded cage where most of us agree to live. But you forget the door to the cage isn’t locked. It’s just difficult to open and close. But some of us are strong enough to open it and close it. To come and go as we please. Because it’s nice in this gilded cage isn’t it? It’s safe, and comfortable, and luxurious. But do you know what?” His question hung in the air for a few seconds before the crowd of worried aristocracy.
“What?” The lord finally asked.
“The cage will only be shaped by the people with the strength to bend the bars. And most of the time the people who want to leave that cage? They don’t hate the bars. They don’t hate the safety. They hate the people they share it with.” He pulled his blade away then and the lord gasped, rubbing his throat as Isaac sheathed his sword. But he pulled his trusty electrodagger from his boot and handed it to the Cauchon he figured was Rochelle’s mother. “Her strength isn’t in being a prim and proper wife to some lord. Help her find her strength and you’ll help her find her happiness.”
With that he rubbed the tip of his white beard and then removed his hat with a flourish, bowing before them all. “Now if you’ll all excuse me I’m going to go get drunk… and find out if Madame Lerau is still alive. I’d almost forgotten that being a true pirate is only partly about looting. It’s also about doing what I damn well please. So to hell with these boring parties anyway.” As he walked away from the stunned crowd he grabbed a waiter by the arm. “Tell all the servants, maids, waiters, cooks, chalets, valets, butlers, and people like that. I’m having a party at my estate. My treat. And we’re going to drink until none of us can walk. Is that busty wench really Miss Scarlet! I haven’t seen you since that night in Baron Ventenia’s bath house!”
He let go of the waiter before grabbing a nearby white haired housekeeper close as he tilted her back and kissed her before spinning her around as if dancing with her. He kissed her hand once she was back on her feet and winked. “Never looked better my dear.” He left her to blush and straighten out her uniform as he headed to the door, no one daring stop him. “Damn it’s good to be a pirate.”
submitted by RegalLegalEagle to HFY [link] [comments]

In-Game Economy Systems: Cryptocurrency and Markets

It was loosely stated in an interview recently that there's ideas in the VR team about economy systems and wanting marketplaces to be a thing. This is super interesting to me, so I decided to write a big mess of words going on about a system I think would be interesting.
( https://www.mmorpg.com/pantheon-rise-of-the-fallen/interviews/our-twitchcon-2017-chat-with-brad-mcquaid-and-corey-lefever-1000012318/page/2 )
Apologies for how long this goes on, but it's a complicated topic and I wanted to try to flesh it out a little to provide context to the idea.
Economy systems in MMO have always been really tricky--they all suffer from the same fatal flaw as time goes on: inflation. Inflation causes a breaking point in which the currency becomes nearly pointless. Purchasing supplies goes from being something you think about early on to being something you ignore entirely once you reach a point where the money you're injecting into the game world is sufficiently large enough.
The worst offender of inflation are in-game merchants. These infinite-money machines all accept any amount of goods for a pre-determined value. The value of these items never changes, it's always the same, forever, and that doesn't make all that much sense. Eventually, the cumulative in-game currency becomes enormous, prices begin to sky-rocket, it's silly.
But what if an MMO implemented the concepts we can see in Cryptocurrencies like Bitcoin? What if we took this concept of a finite money source and wrapped it in an open market economy system, where various cities have their own markets with their own values on goods or services?
In bitcoins, the high level premise is that there are only a certain quantity of Bitcoins that can exist. Each time a bitcoin is mined, it becomes harder to mine another. A bitcoin can be subdivided into smaller units (much like Dollars and Pennies in the US). This produces an extremely complex, but self-adjusting economic system. Their perceived value adjusts based on how many are in circulation, and how much on average a person would have.
So to go back to my original question, while the system is far more complex to introduce than the standard "Items are sold to merchants for flat values and every expansion we just make things sell for more that you can go farm", I think it would be hugely impressive to implement a system similar to Bitcoins for an MMO.
So how would this work?
Here's what I would propose, I'll phrase it relative to EverQuest's economy system: Platinum, gold, silver, copper. NOTE: The examples I'm using aren't perfect, they're just to demonstrate the idea.
Step 1: Set a hard-cap on how much Platinum exists in the world. Let's just imagine that 2,000,000,000 platinum exists. At the beginning of a server's life, this is the cap, it won't all exist at once, but at a certain point it will.
Step 2: Design a system to distribute this Platinum into existence over time. This is the tricky part. Defining the parameters in which money is allowed to enter the system and be taken from the pool of available resources. The key to these sorts of systems is that we're effectively trying to get the players to require some kind of input and receive pieces of a platinum back out of it.
I have a few suggestions:
-- Merchants will inject money into the system, based on inflation, with purchase orders for simple goods that players can satisfy. Not everything, mind, only commonly found simple items for the most part. Perhaps you can sell a stack of spider silk for 10 silver to a merchant. Over time though, as more Platinum is injected into the system, this price drops.
-- Humanoid enemies will also provide money, also based on inflation rates, meaning over time the amount of money they'll produce becomes smaller. If the value of platinum increases then we don't want these monsters carrying a disproportionate amount of money, so the quantity is going down because the value is going up. The implication is that these humanoid enemies would understand this to some extent and value money proportionally to the way merchants value money.
Step 3: Incorporate a market-based economy in the game. I think this is a critical piece of the puzzle. A second, more important idea that has to be tied closely with this step, is that all items must have value in the game. Nothing in the game can be truly, genuinely useless. None of the "vendor trash" items. It cannot exist, because those items have no perceived value to the market. All items in the game must either be components to construct other items or be the end result of those components. A sword must be able to be broken down into components, the blade must be able to be smelted back down into a small ingot to be used elsewhere.
Refer to games like Eve Online for prime examples of market economies within a game. Let's expand our example from before, the stack of spider silk. We've established that various merchants may have Purchase Orders for Spider Silk at ~10 silver. Any player can sell a stack to the merchant for 10 silver. But if Players are crafters, they need this spider silk. To compete, they'll have to place a Purchase Order for more than the merchants will buy it for. You, as the holder of spider silk, surely want the best price for your silk, so you go with the player who's willing to buy it for more than the merchant.
As prices begin to drop however, players who are looking to buy Spider Silk don't want to get gouged! So they lower their Purchase Order as well, still higher than merchants, but less than it used to be.
This also goes the other way! As the owner of the silk, you've gotta find the best price. To continue the examples, if you were to go to the market in Cabilis, your silk would be worth very little. It's stupidly plentiful in the Field of Bone. However, if you were to travel to the Faydark market, perhaps this silk is worth more as spiders were substantially less common there. Provided you have enough silk, it may be worth the trip to get a great price over in Faydark.
Another important piece of this part, is that all market transactions would be taxed, putting that money back into the pool of global economy. People will always be generating money from bad guys, or other ways that maybe I haven't thought of.
Summary: A limit on total currency, a system in which the amount of money dispersed is controlled, and a market-based economy. I don't think the system I proposed is perfect, there's definitely holes in it, I think the player input -> money injecting into the system needs to be ironed out more. It may also require that a system is in place for money to exit back into the pool. But I think the core concept sounds fun and interesting. Eve Online demonstrates to us that a complex economy system can drive a very unique, complex gameplay experience for users.
In the end, I think a system like this is really healthy for a game to have lots of horizontal progress--it encourages you to do things. It allows pure-crafters to exist, as they aim to purchase materials for cheap to craft and sell their goods for good money. People can be adventurers, or bandits, or guards, or crafters, all contributing to the economy in their own way. Adventurers will want to explore dungeons to find the great loot there; maybe for their own desire, maybe though they have a contract to obtain and bring an item back. Maybe you're there to supress the undead in a mine so miners can get in and mine some rare and valuable ore deposits, to craft really great armor and weapons.
Thanks for reading!
submitted by EchoLocation8 to PantheonMMO [link] [comments]

OP-ED On Current Concerns In Bitcoin

I have been in the Bitcoin space for a while now. Not exactly an old hat but definitely not exactly a “fledgling” either. I have a couple things to say about the Bitcoin ecosystem, at the moment, that I feel haven’t been talked about enough. Who doesn’t right? You know the old adage, opinions and assholes.
I will start with some of the more recent developments because everyone seems to be up in arms about it. Covert ASICBOOST. Is it good? Should it be killed with software fire? More importantly, cui bono? IMO, attackers. There is no proof that Bitmain is currently running Covert ASICBOOST to get a competitive advantage over other miners. Sure they did implement the chips and/or use ASICBOOST on testnet, but from a hardware development standpoint it makes sense. You want your hardware to be as robust and effective as possible. I want an Intel 6950X to run Speedrunners (2D racing platformer game with low processing need for those not in the know). Sweet hardware, but I would probably never use it to its full potential. You have to be aware of every possible efficiency gain and trick there is to survive this cutthroat world. And I think it’s great there is some unspoken agreement between miners to not use this technique. The covert operation is the bad part. The fact that you can get some sort of advantage in mining without people knowing about it is the problem. That is why we have the open ledger that isn’t completely obfuscatedcoughzCashcough. The only way trustless ecosystems work is if everyone can tell what is going on in that ecosystem at all times. Sometimes I don’t think people take seriously the risk of state sponsored attacks against Bitcoin. The whole point of the PoW system, AFAIK, was to make attacks against the network not worth the money they would cost. A 20% reduction in this cost is monumental. Huge. Currently, most of us are just gigantic nerds with a new toy to play with to the rest of the world. Not scoffing at what has been accomplished in this space but that is the case. Sure not many people care now, but eventually, if Bitcoin takes off like we all want it to, people are going to start caring. Some of the reasons Bitcoin was even started is a spit in the face of a lot of powerful groups. Not now, but down the line, attacks are almost guaranteed in some way. On a long enough timeline, everyone’s life expectancy hits 0. Look at Venezuela, I believe it is still illegal to own and/or use Bitcoin. Sure that doesn’t affect most of us but that is just one attack. If I remember correctly, the EU is looking to place heavy restrictions on Cryptocurrency. Limiting potential attack vectors such as ASICBOOST is paramount.
I’m not done though. Get that hook away from me.
Scaling. I will always prefer an efficiency gain over a supply gain. I cannot stand the argument that since hardware has been scaling so much that efficient software just gets thrown out the window. Some of the best programming was developed in a time when the hardware wasn’t there yet, and out of that came some software that did amazing things to circumvent the hardware’s shortcomings. We’ve lost that. Video games (I’m a gamer, can’t you tell?) as an example that has lost that. Though not entirely popular, Doom 3 was a marvel technically. It was optimized to the (g)ore. Years later, the graphics of that game held up because it was just so far ahead of its time. Then I play something else and it looks like crap and my beast of a machine can’t run it at 60 frames per second consistently. Optimize your shit fam. SegWit is a very ingenious piece of a solution. It fixes a couple of very important issues in a fairly uncomplicated way. Even I understand the whitepaper. I have little professional programming experience but I know enough to get it. What I don’t like is it being packaged as a “safe” soft fork. It isn’t really that safe. It changes the way transactions are processed and recorded on the blockchain. Enough to where if something were to go wrong, or if something better were to come along, it would be very hard to roll back, if possible at all. That seems dangerous to me. Possibly helpful to the development of Bitcoin, but decidedly not safe. That being said, a safe hard fork just isn’t possible for Bitcoin anymore. ETC came out and didn’t really do much. But they could sell it. It was still worth a lot of money for people who already held a lot of Ethereum. It is still traded today. People are still making money on it. As long as that is still happening, it will still be around. Even if a change is unanimously accepted, to think people won’t mine the old chain is ignorant. Bitcoin is supposed to be immutable but, hey, all of a sudden I can have double my Bitcoin? Would you just look at it? EB/AD seems overly complicated. Just look at the current scaling debate. While mainly politically and economically based, everyone has different opinions on what should be done. To think that “eventually” the ecosystem will come to a majority consensus is foolish. Even if it did, the ability to game the system seems too possible for me. Another possible attack vector. TBH I haven’t read enough into Extension Blocks so fully understand them, same as most people I’m sure. From what I have read, I don’t really trust how complicated it seems. At least even if Lightning Network takes off, the layer 1 blockchain is still available in its basic and efficient glory.
To top this all off we have an issue with Developer Centralization. This should be a genuine concern to everyone. Any sort of centralization is concerning when it comes to this decentralized ledger. We have one not so large group of people who are doing the main programming recently for Bitcoin. The amount of power this entails in the long term is staggering, again assuming Bitcoin gets to the point we all want it to get to. But then here is the issue with this. No one is putting out consistently improving, quality, and innovative code like Core is doing. Classic and XT seems to have stagnated in their innovation department. BU seems like a joke. I read the BUIP001 and it looked like something I wrote. Core put out a roadmap for Schnorr Signatures and I was blown away at the quality of the writing and the future thinking of it, and it was just a roadmap. Some BIPs put out by core are amazing. Sure not all are the best but they definitely try to overthink it on purpose. And for right now, maybe Core being centralized isn’t a bad thing. I haven’t seen anything that would make me believe they were actively trying to hurt Bitcoin. They want it to succeed just as much as we do. Open Source projects are very hard to coordinate. Not all projects have someone like Linus Torvalds who headed the direction of the Linux kernel and probably saved it from falling into obscurity as people fought over what should be included in it. Maybe we need a leader right now. And I haven’t seen anyone step up anywhere close to how Core has.
I thank you for listening to me and my ramblings. I look forward to the discussion this may fuel. I feel I need to do something for Bitcoin, even if it is just this stupid post. I truly believe Crypto is the future, and I’m just excited to be a part of it.
TL;DR IMO: Covert ASICBOOST is a possible attack vector and should be a concern. SegWit is not everything some people make it out to be, but is still better than other solutions. EB/AD would never come to a consensus. More research is required on Extension Blocks. Development being centralized is a concern but, let’s be honest, who else is putting out so much useful and high quality coding? If you don’t agree, fight me.
Edits: I have been corrected that Flexible Transactions came from Bitcoin Classic. Another piece of tech I will have to familiarize myself with. Also, side note, I'm against UASF.
submitted by Linrono to btc [link] [comments]

Blockchain summit report: Day 1 - "Enterprise cloud"

previous days
`
Event details
Today was day 1 of the 2 day "International Blockchain summit" presentations. On every seat was a little bag that had 3 books about the Blockchain! Unfortunately they were all in Chinese.
http://imgur.com/jmkRYVj http://imgur.com/g66KeRD
`
Presentations summary
Whereas DEVCON2 was all about development, and leveraging the network effects of leveraging other projects in the ecosystem, the presentations today were VERY high level talks.
There was a massive stark difference between "the old guard" in the Fintech space, and the disruptors that are shaking things up.
Take a look at the BOC (Bank of China) and ChinaLedger presentations. They talk about how Distributed computing is dangerous. ChinaLedger go on to say that they need the power to be able to go in and halt transactions, modify smart contracts on the fly, liquidate accounts when they need. While also saying that they will make sure they will do everything to help privacy and use encryption… which only the Government can unlock ("Golden keys"?). It was the most centralised "Blockchain" I have ever heard of.
On the flip side I was inspired by the forward thinking of the Consensys presentation, and their long term vision for where to drive the Ethereum platform. They are helping to create open tools and platforms that will be leveragable by a multitude of projects (as demonstrated with Ujo and BHP project "Rai stones").
http://imgur.com/AXHw1Df
After the Consensys presentation, my 2nd favourite presentation was by Wanxiang labs "10 years to build a city", talking about how they plan on taking some land and creating from scratch a smart city powered by the blockchain and electric vehicles. While the other old guard are squabbling about how it is going to impact their "business as usual" profits, there were the new projects out there envisioning and disrupting.
The BHP presentation was also pretty cool, a great implemenation of using Blockchain to improve a business process.
`
Presentations
New Finance: Technical & Legal rules - BoC He is from bank of China. Entire presentation was him being scared and trying to justify why current Blockchain tech is an unregulated wasteland, and why there needs to be regulation from banks and government.
For Fintech they think Blockchain will not be successful without proper regulations Blockchain finance - it is distributed. Storing all of the transactions will take a lot of storage space. What to do once the transaction rates exceed what can be processed. Thinks that public distributed transactions will not be more than a toy like with Bitcoin. For real FinTech they need something different for a high frequency. Thinks that decentralisation should not be the core feature of Blockchains (due to transaction limit). Thinks it should be decentralised, not distributed.
Should be done with private consortiums. Needs legal rules and technical rules. They think that self rulemaking currencies (Bitcoin) can not be regulated. So need to stop them, to prevent bad things like money laundering. This is showing the loopholes brought about by Bitcoin. So when using digital currencies, they need certifications and tracking.
"We need more regulations and rules to facilitate the healthy development of this space. Only with support of regulations can new technology take off".
Me: I totally disagree… (if not already apparent)
Blockchain futures & realities - CSDC
China Securities Depository and clearinghouse
He was much more open minded and forward looking. Is a pep talk for "things are going to change", how are we going to use these new things. He said that he recorded it into English that should be able to be downloaded, would be worth watching if you are into this space.
Summary: Genie is out of the bottle, we need to embrace this and think how we are going to put the requirements of securities ("real name transactions") in a decentralised way. And the registration and tracking of assets to real names.
People have ideals because they are not happy with reality. Due to this dissatisfaction, people are passionate about trying to make that dream a reality. Need to play by the rules, or the market will be chaos. So now we have facilities law, regulations, etc. This forms the framework of China economic. This is very different from Blockchain. This is at odds to the distributed systems. Seems like we are dissatisfied with this, so trying to reconcile these differences.
All securities transactions need to follow "real name" transactions, but want to do this in a decentralised manner. Market cap is 54 trillion (of something in China). GDP is over 70 million
They are researching Blockchain, but not just in the lab. Need to find potential applications and use cases for it. If we want to implement Blockchain technologies, we need to see what the hurdles will be, so we can get closer to the ideal. As BoC speaker said, the number of transactions per seconds is HUGE. Daily may reach 10s of millions at its peak. How are we going to handle this with a theoretical framework. Need to start from the reality of China. And the reality is it is a giant country with a huge population, which depends on the capital market. If you just implement within a lab it is okay. But if it is going to be put into the industry, then we need to work with the government. We can't just get rid of the government, it is impossible (REVOLUTION!!). So need to focus on key senarios to tackle, as you can't just apply Blockchain everywhere simultaneously. Or all your efforts will fruitless. How to complement it initially, not replace it.
Ten years efforts to build a city (Wanxiang Labs)
Me: I reallly liked this presentation. I've been keeping notes for months around building this type of innovative city in Australia. I plan on rewatching this one again later.
Going to build a city in 10 years. An energy gathering city in HangZhou 10KM2. Their US company is starting to build new energy vehicle. 900m RMB? 90k people. Deploy the city into the cloud. Intelligent life, traffic & services. Everything will be connected. IoT, Internet, smart living, smart transport. Once this is successful, they plan on launching it across the world. Will publish their learnings. Launching incubators and accelerators. Their own cloud Blockchain as a Service. Many scenarios in this smart city that could utilise Blockchain. Distribution for Solar power. ID & Vehicle registration. Intelligent community services. Can promote a sharing economy throughout the community. Partnering with Microsoft, IBM, Consensys, Ethereum foundation, WeBank, AliCloud
Vitalik Buterin keynote
Talking of the progress China has made in Blockchain innovation in such a short period of time. He visited China 3 years ago and visited a number of Bitcoin companies and was impressed on the scale of what China had, much more than what was happening in USA. But all the focus was just on cryptocurrencies, not Blockchain technologies, Just mining. 2nd time, he saw some kind of experimentation happening with interesting things (like coloured coins?) 3rd time saw more interest in Blockchains. 4th? time, he did a hackathon with Wanxiang labs (event sponsor), and there were ~30 projects. The growth since then has been rapidly growing. The scale of projects we couldn't have imagined 3 years ago. Was just theoretical, now a lot of ideas are almost reality. e.g. Self-sovereign identity, instant settlement.
Hyperledger
https://www.hyperledger.org/ Goals. Build an opensource dev focused community of communities to build a hyperledger based solution. Create a family of "etnerprise grade" open source blockchain framework, platform & libraries.
Because it is an enterprise opensource project, they need to track contributions, patent details, etc. Is part of the Linux Foundation, which has 16 years of providing governance stucture support for major open source projects. 80 project partners. IBM, Intel, Accenture, JP Morgan, Airbus, ANZ bank, Cisco, etc. 20 of the 80 project partners, are based in China. Apache license v2.
A world or many chains. There will not be only one blockchain. There will be many public chians and millions of private chains. Each may use different consensus mechanisms.
Major projects are: Fabric: Developed by IBM. PBFT, moving to Raft and other pluggable consensus mechanisms. Written in Go. Sawtooth Lake: Proof of Elapsed Time. Runs on secure enclaves. Written in Python. Hyperledger explorer: GUI for navigating Fabric & swatooth lake. Fabric-py SDK. (Java proposed later).
Future: Smart contract engines. Portable identities. Will never see a "HyperCoin". It is about making Hyperledger a standard, and a governance group.
IBM keynote - IBM Blockchain & Hyperledger
Today if you want to do something in your business on Blockchain it is difficult. Hard to scale, issues with privacy. No Enterprise support. Need tools to write tests for smart contracts. Need good solution patterns. Difficult to scale up, especially around transaction rates.
Built Fabric to support "serious business" Permissioned blockchains can't scale. Every node shouldn't execute every transaction. The 2 peers that are interacting are the only ones that should execute. IBM has implemented this internally to resolve invoice disputes with their suppliers.
IBM
All the slides were in Chinese. Difficult to follow unfortuantely. The (original) Silk Road was important for trade. Blockchain may be just as important for trade in the future People are debating the need of distributed systems being an important thing of Blockchains, is it really necessiary? Blockchain should instead be focused on unblocking instead. IBM will provide an IBM certified docker container. IBM Blockchain. http://www-31.ibm.com/ibm/cn/blockchain/index.html Has a concept of a "shadow chain"?
Blockchain Platform @ Microsoft
At Devcon1 Microsoft announced Blockchain as a Service. Rolled out DevTest Labs to allow you to spin up public, private, permissioned, and consotrium blockchians quickly. Provisoin with 1 click. Mix & match from best available blockchain tech.
Bletchley: Open infrastructure, Enterprise capabilities. Microsoft is not building their own Blockchain.
Blockchain has some missing parts (identity, privacy, key management lifecycle, tools). Asked our partners what are the missing parts. A database in itself isn't an application.
(re)Announcing: Bletchley v1. 2 parts. Distributed infrastructure layer (Blockapps, R3, bitpay, parity, Eris). There isn't going to be 1 Blockchain to rule them all, so allow you to leverage any of them. Lots of customers were taking a long time trying to spin up private consortiums, and trying to secure them correctly. Used to take 3 weeks, now down to 8 questions and 5 minutes. Spins up a private Ethereum consortium. 4-100s of nodes.
Distributed middleware "fabric" layer. Tools that can work across many blockchain technologies. Cryptlets are a way of doing offchain processing. Receive market data based on an event (market price daily closing, CRM event). Need to have trusted execution of the logic, to attest that it was not tampered with. Secure IP protected algorithms. Scale an algorithm for max performance by running it off blockchain in a secure & attested way in the cloud. Oracles may be malicious, or they may be intercepted during transmission. Cryptlets run on a secure host with a secure communication channel in a trust envelope. Marketplace for publishing the cryptlets into a market for others to consume. Azure cloud is twice the size of Amazon & Google COMBINED.
Bletchley Cryptlet Fabric. Supports Ethereum, will support more Blockchains. It is middleware that will support many. Secure execution on demand. Standard way of publishing and accessing external resources.
BaaS roadmap. DevTest labs, will continue to onboard more. Bletchley v1. Kinakuta to help improve security. Bletchley SDK
Longer range implications of Ethereum & other decentralising technologies (Consensys) LOVED this presentation.
Simplest view: Next gen database. Blockchain based, maximal replication, Prevents rogue actors Force for universal disintermediation, will distrupt every industry. Previously it was mostly just Bitcoin. Future projects were "BitCoin 2.0", instead of "Blockchain 2.0". So Ethereum project built the most powerful and capable Blockchain platform, both public (permisionless) and private (permissioned) Deeply secure, non-repudiable shared source of truth. Dapp is a set of smart contracts. And a user interface to interact with it. Was important to get an initial version of Ethereum out into the hands of devs, to start thinking how to start building decentralised applications. Ethereum has a vision for scalability, which includes sharding and state channels. Privacy, state channels is one option. Zcash/zk-Snarks is another way.
Currently building out an ecosystem of decentralised applications. Building core components: Identity/persona (uPort, metamask). Wallet (uPort wallet). Registries (Regis, ENS). Token Factory. Do private enterprise Blockchains make sense? Yes, large entities can have a complex internal mix of business units, having a shared source of truth can help. If enterprises have their own private consortium Blockchains, will be a harder target to infiltrate and modify databases. Business processes emboided as state transition graphs.
If you plan on building your own tools or technology on top of Blockchain tech (public or private), build it on Ethereum so it can be reused in many different places by other entities running their private chains Developed "Balance" for real time compliance, accounting auditing and monitoring. Real time dashboard for companies & regulators. Organisations using certified software wil not be able to break or bend any financial accounting rules.
The Blockchain will last for years or decades giving a persistent database. Gives a chance to do persistent portable identity. uPort self-sovereign identity.
Blockapps Announcement
Is Ethereum for Enterprise. Partnered with Microsoft to announce Blockchain as a Service (BaaS). Over 1k projects have used it, over 300 customers. Being released in Azure China datacentre (mooncake), and other Chinese clouds : Alibaba cloud, tencent cloud, Wancloud. Initial China projects: Minsheng insurance, Wanxiang smart city, Qianhai smart city, Shanghai smart city. China is going to be the country leading the world in Blockchain projects.
The Rise of Blockchain Consortia: Uniting the Banking World
One of the largest banks in Spain. Banks are just a ledger (a very large ledger). Each bank has its own ledger. They don't trust each others. Which is why you need clearing houses and things like this. What if there was a shared ledger trusted by all banks. "It's not about the coin, its about the ledger.
`
New development of ChinaLedger: Forging a powerful tool for Chinese capital market in the FinTech era
Was literally the most centralised blockchain I have ever heard of. Please excuse me as I rant inline.
ChinaLedger is a consortium. 11 founders established it. Chinese financial institutions and Wanxiang labs. "we created our own Blockchain and tools". Will come up with their own custom software and implementation. Will create a whitepaper and create reference architecture. Partners will use the network to do transactions. Need facilities to be able to freeze or take over acounts, and get access to all data. A need to be able to halt or freeze a transaction or smart contract. A need to be able to halt or freeze a transaction or smart contract. and the facility to liquidate an account or smart conract or manually change the state of a smart contract We need to be able to stop the trading of certain stocks. Let regulators control things. Will be fully in control of the gas. Wants to support 100k/s and 1 ms latency.
Then ironically says tries to say they are going to put privacy into this. "Everything will be encrypted and private. Except that CCP & regulators who will have ability to read everything". I'm SURE that won't be abused…
http://imgur.com/Qt4qh3O You keep using that word... Blockchain, distributed ledger, privacy, encryption
Re-imagining Global Payments (For business)
Banks make a LOT of money from bank wires. So they have no incentive to come up with anything better. The person sending the money needs to give 26 pieces of information. Don't know when you'll get the money, what the rate will be. About $20 to send, $20 to receive, plus lose a few percentage through the conversion.
Their solution (for business payments). Register for an account, can use online. No fees. Transparent FX rate. Can track the payment. Uses Bitcoin in the middle. Before international calls used to call many $s per minute. Now with VoIP (Skype) you can do it for cents. Same thing will happen to international money transfers.
Enabling Global P2P Cash Transfers with Abra (For consumer)
https://www.goabra.com/ http://www.coindesk.com/abra-remittance-app-us-launch/
Nowadays you can send an IM to anyone else in the world instantly for free. Why can't you do the same thing with money? Can do it locally in some domestic markets, like paytm (india, WeChat pay (China), mpesa (Africa). But not for cross border transactions. iOS & Android. Real digital cash wallet. Send & receive globally. No FX risk. Add cash via bank or in person. As private as paper cash. Abra tellers earn $$ (as a percentage fee). The wallet is stored locally on the phone. So you "physically" control it. (need to back up your private key). Use an Abra teller (someone else using the app) to exchange buy/sell cash for digital cash. Anyone can be a teller. Tellers charge a fee. Teller & user rate each other. When 2 people send money each other via Abra, happens instantly, . No FX volatility.
Awaking the Sleeping Giant: The Natural Resource Industry and the Blockchain
Note: Hispresentation was in English, but I thought it was extremely considerate that he had his slides translated into Chinese as well. Every slide had simultaneous English & Chinese descriptions so that the attendees using the live translation headsets could follow along easier. If I ever present in another country again, I'll try and plan ahead like he did. Was very thoughtful.
Why is BHP interested in the Blockchain? They are the largest mining company in the world (natural resources mining, not Bitcoin mining. Hehe) They are a global distributed organisation. So a distributed Blockchain
Project Rai Stones. Sample tracking of geological samples. They are highly valuable resources. Some of the wells cost $100M, and you only get 1 chance to take the sample. They currently only track the samples manually through emails & spreadsheets. They are working with Consensys & Blockapps. Runs on Ethereum & IPFS, on top of Microsoft Azure. 1 node at BHP, 1 at their collaborator, 1 at their regulator. 3 roles in the business flow, BHP out in the field, the analysis team, and BHP corp. They create/register a smart contract on the network for each sample. When the person collects the sample, they go to the dashboard, click the checkboxes to say they acquired, that updates the smart contract. They ship it off, so they put in the details of which analysis office it is being sent to, updates state from collected to shipped. Analysis team can log in, see what samples are in transit to them to be analysed. They receive it, give it a unique Id based on their internal process. They get trusted tracking of samples, and real time updates.
What if they could automatically operate machines, they could help avoid bad combinations of machines operating at the same time. Like a crane operating on an oil rig, when a helicopter is coming in. Disable a piece of machinery if it is past its allowed usage before routine preventative maintenance. Disabled until it is tested, and certified as okay on the Blockchain. Stop unqualified people from using a tool or vehicle.
Ore gets mined and put onto shipping freighters. Need to track Provenance, custodians, entire supply chain.
Need to give regulatory data to the regulators in each country the operate in. All the mines in the industry need to submit this public data to gov, it all gets aggregated, and disseminated. But it costs HEAPS to do this. What if they built a consortium chain. They can all publish the public data, ready to be analysed instantly by peers. Could make the entire industry more effienct and transparent by making the consortium not just for the 1 country, but a public one. Give a global transparent view of the entire industry. Would help drop costs of compliance.
They started on Ethereum Mainnet & Testnet. Now they are seeing the emergence of many private chains. They will see the bridging between chains. Seen that Ethereum plans on sharding (many chains). Forsees that there will be a global mesh of these Public & Private chains all supporting each other.
Cotricity – “a prosumer to business”- virtual energy market on the Ethereum blockchain (Consensys)
https://co-tricity.com Energy meets Blockchain Joint venture between Consensys & an energy company in Germany. Energy sector is changing rapidly. Prosumer is someone with generative capacity (eg. Solar panels & battery storage). Normal smart meter collects usage about production & consumption. Tracked on Ethereum. Matches up Prosumers to local community things like Schools. The local environmental and economic benefits of keeping it in the local community.
Mechanism design, "reverse game theory". Goal is to effectiveise the energy market and reduce costs. Means creating incentives such that the optimal strategy for every participant results in the realisation of this goal. e.g. Help to smooth out the peak in the morning, give a small reward for not using energy in the morning
submitted by DavidBurela to ethereum [link] [comments]

OP-ED On Current Concerns In Bitcoin

I have been in the Bitcoin space for a while now. Not exactly an old hat but definitely not exactly a “fledgling” either. I have a couple things to say about the Bitcoin ecosystem, at the moment, that I feel haven’t been talked about enough. Who doesn’t right? You know the old adage, opinions and assholes.
I will start with some of the more recent developments because everyone seems to be up in arms about it. Covert ASICBOOST. Is it good? Should it be killed with software fire? More importantly, cui bono? IMO, attackers. There is no proof that Bitmain is currently running Covert ASICBOOST to get a competitive advantage over other miners. Sure they did implement the chips and/or use ASICBOOST on testnet, but from a hardware development standpoint it makes sense. You want your hardware to be as robust and effective as possible. I want an Intel 6950X to run Speedrunners (2D racing platformer game with low processing need for those not in the know). Sweet hardware, but I would probably never use it to its full potential. You have to be aware of every possible efficiency gain and trick there is to survive this cutthroat world. And I think it’s great there is some unspoken agreement between miners to not use this technique. The covert operation is the bad part. The fact that you can get some sort of advantage in mining without people knowing about it is the problem. That is why we have the open ledger that isn’t completely obfuscatedcoughzCashcough. The only way trustless ecosystems work is if everyone can tell what is going on in that ecosystem at all times. Sometimes I don’t think people take seriously the risk of state sponsored attacks against Bitcoin. The whole point of the PoW system, AFAIK, was to make attacks against the network not worth the money they would cost. A 20% reduction in this cost is monumental. Huge. Currently, most of us are just gigantic nerds with a new toy to play with to the rest of the world. Not scoffing at what has been accomplished in this space but that is the case. Sure not many people care now, but eventually, if Bitcoin takes off like we all want it to, people are going to start caring. Some of the reasons Bitcoin was even started is a spit in the face of a lot of powerful groups. Not now, but down the line, attacks are almost guaranteed in some way. On a long enough timeline, everyone’s life expectancy hits 0. Look at Venezuela, I believe it is still illegal to own and/or use Bitcoin. Sure that doesn’t affect most of us but that is just one attack. If I remember correctly, the EU is looking to place heavy restrictions on Cryptocurrency. Limiting potential attack vectors such as ASICBOOST is paramount.
I’m not done though. Get that hook away from me.
Scaling. I will always prefer an efficiency gain over a supply gain. I cannot stand the argument that since hardware has been scaling so much that efficient software just gets thrown out the window. Some of the best programming was developed in a time when the hardware wasn’t there yet, and out of that came some software that did amazing things to circumvent the hardware’s shortcomings. We’ve lost that. Video games (I’m a gamer, can’t you tell?) as an example that has lost that. Though not entirely popular, Doom 3 was a marvel technically. It was optimized to the (g)ore. Years later, the graphics of that game held up because it was just so far ahead of its time. Then I play something else and it looks like crap and my beast of a machine can’t run it at 60 frames per second consistently. Optimize your shit fam. SegWit is a very ingenious piece of a solution. It fixes a couple of very important issues in a fairly uncomplicated way. Even I understand the whitepaper. I have little professional programming experience but I know enough to get it. What I don’t like is it being packaged as a “safe” soft fork. It isn’t really that safe. It changes the way transactions are processed and recorded on the blockchain. Enough to where if something were to go wrong, or if something better were to come along, it would be very hard to roll back, if possible at all. That seems dangerous to me. Possibly helpful to the development of Bitcoin, but decidedly not safe. That being said, a safe hard fork just isn’t possible for Bitcoin anymore. ETC came out and didn’t really do much. But they could sell it. It was still worth a lot of money for people who already held a lot of Ethereum. It is still traded today. People are still making money on it. As long as that is still happening, it will still be around. Even if a change is unanimously accepted, to think people won’t mine the old chain is ignorant. Bitcoin is supposed to be immutable but, hey, all of a sudden I can have double my Bitcoin? Would you just look at it? EB/AD seems overly complicated. Just look at the current scaling debate. While mainly politically and economically based, everyone has different opinions on what should be done. To think that “eventually” the ecosystem will come to a majority consensus is foolish. Even if it did, the ability to game the system seems too possible for me. Another possible attack vector. TBH I haven’t read enough into Extension Blocks so fully understand them, same as most people I’m sure. From what I have read, I don’t really trust how complicated it seems. At least even if Lightning Network takes off, the layer 1 blockchain is still available in its basic and efficient glory.
To top this all off we have an issue with Developer Centralization. This should be a genuine concern to everyone. Any sort of centralization is concerning when it comes to this decentralized ledger. We have one not so large group of people who are doing the main programming recently for Bitcoin. The amount of power this entails in the long term is staggering, again assuming Bitcoin gets to the point we all want it to get to. But then here is the issue with this. No one is putting out consistently improving, quality, and innovative code like Core is doing. Classic and XT seems to have stagnated in their innovation department. BU seems like a joke. I read the BUIP001 and it looked like something I wrote. Core put out a roadmap for Schnorr Signatures and I was blown away at the quality of the writing and the future thinking of it, and it was just a roadmap. Some BIPs put out by core are amazing. Sure not all are the best but they definitely try to overthink it on purpose. And for right now, maybe Core being centralized isn’t a bad thing. I haven’t seen anything that would make me believe they were actively trying to hurt Bitcoin. They want it to succeed just as much as we do. Open Source projects are very hard to coordinate. Not all projects have someone like Linus Torvalds who headed the direction of the Linux kernel and probably saved it from falling into obscurity as people fought over what should be included in it. Maybe we need a leader right now. And I haven’t seen anyone step up anywhere close to how Core has.
I thank you for listening to me and my ramblings. I look forward to the discussion this may fuel. I feel I need to do something for Bitcoin, even if it is just this stupid post. I truly believe Crypto is the future, and I’m just excited to be a part of it.
TL;DR IMO: Covert ASICBOOST is a possible attack vector and should be a concern. SegWit is not everything some people make it out to be, but is still better than other solutions. EB/AD would never come to a consensus. More research is required on Extension Blocks. Development being centralized is a concern but, let’s be honest, who else is putting out so much useful and high quality coding? If you don’t agree, fight me.
Edits: I have been corrected that Flexible Transactions came from Bitcoin Classic. Another piece of tech I will have to familiarize myself with. Also, side note, I'm against UASF.
submitted by Linrono to Bitcoin [link] [comments]

What Is Bitcoin Mining? - YouTube What is Bitcoin? Bitcoin Explained Simply for Dummies ... Bitcoin Miner Überblick (2019) - die Profitabelsten What Is BitCoin Mining? and Should You Mine? What is Bitcoin Mining? - YouTube

In real life with physical money, you can’t actually spend a Euro or Dollar note twice in a store. Once you hand a service provider your money, it is theirs and the service has been done onto you. With digital currency, however, the situation can get a bit more tricky. Theoretically, getting familiar with the information about what it takes to mine a bitcoin can be simple. However, in order ... Bitcoin was the first cryptocurrency to be created. And it’s still the most popular, which is one of its biggest advantages. Remember that if something is scarce and valued by many, then it’s the same as money.Bitcoins are scarce (there’s an algorithm that determines their growth and only a set number of Bitcoins will be created) and their popularity has given them an economic value. Bitcoin mining has gotten much more difficult over the years. In the early days of cryptocurrencies, practically anyone with a laptop could mine new coins — receiving a reward of 50 BTC when they verify a new block of transactions by completing complex mathematical problems.(This block reward may only have been worth $50 at the time, and no one knew how much this digital currency would ... In 2014, a Harvard student used one of the university's supercomputers to mine dogecoin, while a National Science Foundation researcher also misused US government equipment that year to mine bitcoin. BTCProMiner is Bitcoin miner with fully automatic process. Start earning Bitcoin now!

[index] [14811] [47472] [27039] [32765] [44274] [24432] [35578] [29293] [699] [32055]

What Is Bitcoin Mining? - YouTube

For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... Mining pools are a common tool used by cryptocurrency miners to stabalize and maximize their payouts. What is it like to run one? How much can you make? What are the capital requirements? Co ... Journey through a Life of a Cryptocurrency GPU Miner. Cryptocurrency News, Tech, and More. Where do Bitcoins come from, and what is Bitcoin "mining"? Peter van Valkenburgh, Director of Research at Coin Center, explains the role of miners in a syste... 👇 Die wichtigsten Kryptoseiten in der Beschreibung 👇 Heute stelle ich euch die besten Bitcoin Miner vor. Die Miner aus dem Video kaufen: https://miners.eu/?r...

#