COVID-19, Blockchain, and the Global Startup ... - Manifold

Issuing money by global central banks is a great opportunity for stablecoins," says Digital Gold Advisor Dr. Walter Tonetto

Issuing money by global central banks is a great opportunity for stablecoins,
Last week we talked with our adviser and CEO at Nusantara Trust Dr Walter Tonetto. He answered a number of questions that interest our customers.
How did you land in the cryptocurrency / blockchain space?
I was advising startup businesses in the technology space, and when 2016 came around, I asked Scotty, the feisty chief engineer of the U.S.S. Enterprise, to beam me into the heart of the finance system; I felt more and more the irresistible tug towards remodeling the current toxic financial system. Purposive remodeling, of course, is going on all the time, and it’s a knife that cuts into two directions. The vast majority of the ‘woke’ crowd actually believe that they can ‘disrupt’ the power of the elites that control all money flows. Bathing limestone statues – registering about 4 on the Mohs scale and 0 on the scale of reason -- of past leaders in district waters may give you a feeling of breathing the air of revolution and tiring unknown muscle-groups in your shanks, but think of it like a father watching his child toss around shovels of soil in a sandbox; he smiles benignly from afar, knowing it won’t change a thing; all the luxurious appointments at home won’t get touched. It is a grave illusion to suppose that by playing around with payment systems and technologies we will actually change the role and the emission of money. You may be permitted to become the shoe-shine boy in the royal household, but don’t think you will marry the princess and dilute the royal blood! But understanding the constitutive parts of power aggregation, and working over significant time-frames, allows for approaches and solutions; -- but these should come not from another adversarial position, thus merely marking a displacement of the incumbent, a change of guard, but from an authentic re-orientation, of making benefits much more widely possible and not creating monetary systems that are grossly imbalanced and highly destructive. That, and not building tech stacks, is the challenge!
What was your initial reaction to bitcoin?
Well, I was following the file-sharing service Napster since it started, around 1999 – when the U.S.S. Enterprise was sitting pier-side at Huntington Ingalls Newport shipyard, rusted and gutted, and to me the P2P sharing paradigm was always present in my mind, shining buffed and radiant, so even the centralized Napster was something wholly natural to me – Dr Sheldrake calls it morphic resonance. We live with a great deal of blurriness, though. On the one hand, we think of the virtues of sharing; on the other, there is a seemingly indefatigable impulse to control and dominate. Sean Parker, after founding and floundering with Napster, became a cocaine-snorting egotist and president of Facebook. Collecting money for a charity, he gets aggressive with people who do not follow suit. A control-freak in overdrive. Notwithstanding the technical variations, BTC, seemingly freeing us up from fiscal controls and yet showing our craving for money, exemplifies the flawed perception at the root of things. Monero, which sounds like a much faster, highoctane vehicle, a CV8-Z of the crypto-track, beats BTC in regard to privacy and fungibility, though BTC has advantages in other areas.
Which is a much more common trend nowadays?
It’s hard to make out the shapes of wild-life in the current kangaroo market we’re in. The bulls and bears have mauled one another, and the kangaroo, bereft of oxygen on account of wearing a tight mask, is hopping wildly everywhere. But clearly the possibilities of digital currencies became un-tethered via Bitcoin and the querulous and hidden Satoshi. I like to think of him more as an idea rather than as a person; an idea is generally more malleable and consequential. For instance, rather than laud the benefits of crypto for FX and cross-border payments, the possibilities of a central-bank issued digital currencyENCOMPASS THE POTENTIAL to inscribe new roles for programmable money; for how money is issued, how it is used, and what role custodial mechanisms (traditionally in the hand of commercial banks) might have. I see HUGE potential for private firms to enter the equation here, but we need more open-minded and intelligent regulators that do not always look for the rungs of the career-ladder in any move they make! A DAO could be most helpful here, but we are currently under the terror of algorithms that are not concerned with the welfare of the greatest number of people. If I had the time I would coauthor a book on this theme with a skilful mathematician (perhaps with my son, who is completing a Ph.D in near-term Quantum Algorithms).

In 2018 I was keynote speaker at the BlueWhale forum in Seoul, and I spoke about an Algorithm of Peace. I had a clutch of people approach me straight after the talk, some from Korea, others from the U.S., and ask me to develop my ideas in book form.
Where do you see the price of bitcoin going over the next few years?
I wouldn’t speculate, but since everyone is shilling it, it is bound to keep pushing north, occasional blockages otwithstanding. I always look for twists and incongruities in the usual narratives on offer. Many BTC fans talk about the unbanked, but BTC is held by what will become another elite in due course, and the unbanked will later be serving them the chilled drinks between innings, as usual.
Do you think that there’s a time for altcoins to break out and move away from the movements of bitcoin? What’s that tipping point that needs to take place?
I have some notions under which alt-coins can take the lead and leave bitcoin behind, but it’s too complex to explain the conditions for that to occur. Once very solid use-cases have been established with a clutch of alt-coins, bitcoin might begin quavering in his boots. That alt-coins should take BTC as a benchmark speaks volumes about the lack of maturity of this young and over-eager market. The fuzzy umbilical cord is always present like a foot-tangle; alt-coins must find their own ground, and clip the connection to a vagrant father. Finance needs clarity and not fuzziness. Keep in mind that many sovereign nations bridle at the calamitous influence of the US on payment systems, so nations are building their own messaging systems outside SWIFT, and their own securities exchanges are following. But remember: these are all crumbs: the U.S. can shut down payments to any recipient accounts by informing the payments company and doling out threats. And since all alt-coins and fiat currencies are connected to payment gateways in some form, the U.S. would have to begin reforming its archaic ACH structure to enable efficiencies in the financial pipes, which does not offer real-time payments functionality. This accounts for the relative simplicity (and success) of the PayPal business model (which Venmo and Dwolla later emulated without using credit cards). But understand that the elites will always protect the real crown jewels, and incite wars (or street battles and racial squabbles, as we’re witnessing in the U.S. in mid 2020) so that they can get away with major financial heists in broad daylight. It’s all smoke and mirrors, and scorched talons if you look closely: you cannot trust the reflection you will receive on a smoky pane. Only the big players know the predetermined outcome.
One fundamental misprision occurs amongst alt-coin apologetes: they fail to understand how markets move and what the designated role of money is in markets. Even if you want to displace something, you first need to understand exactly what you’re dealing with, but that is rarely the case. Yes, banks are structurally and constitutionally part of the problem, but no government will dare cross swords with them: there is still too much aggregated power. Ripple and Stellar are two Blockchains that are working with, and not against, banks, and that likely makes them much better candidates for wide acceptance.
What’s one must-read book you recommend to everyone?
That depends so very much on who’s sitting opposite me! I wouldn’t push what is not naturally aligned. But I would push a couple of films urgently, as essential viewing for everyone:
“Vaxxed: From Cover-Up to Catastrophe” (and a sequel), which profoundly shocked me, but confirmed my suspicions. Talking about books: one gets a good sense of the kind of books I would counsel people not to touch, unless an overweening impulse bade them otherwise. For instance Steve Pinker, a favourite author of Bill Gates. Pinker in Gates’ hands explains a lot about the character of the reader, the latter of whom I consider one of the most dangerous people on the planet at the moment. If we stay with Pinker for a moment, since he’s famous and fashionable (Harvard professor with a Medusa hairdo and an effete libertarian air, who in “Better Angels of Our Nature” has affirmed that man is not innately good), we note in his presentation in regard to his ineptly titled book “Enlightenment” that he falls prey to the very flaws he chastises, the classic Münchhausen trilemma (in Jakob Fries’ phrase). Picture Baron Münchhausen pulling himself out of quicksand by his own hair! That he is beholden to neoliberal befuddlement becomes clear when two of the opening images of his talk show Vladimir Putin with a rifle andDonald Trump speaking on a podium. The classic neoliberal Harvard think-tank shows reason to be failing and drowning in pious gestures to the cognoscenti and anointed. I like to look for effective counters for specious and shallow argument: for instance, Rupert Sheldrake’s “The Science Delusion” is a splendid book that bucks the Dawkins’, Pinkers and other materialists of this age. You see, if one listens to Pinker with the head alone, his pedestrian epistemology might not irk, and some ideas might appear plausible enough in a desultory encounter, but if you really want to know the meaning of things, and discover how it relates to the heart, you feel betrayed and given short shrift by him. Among the platitudes he gives out in carefully parsed syllables, the movement of his forehead and eyes betray the spirit behind the façade. Yet I always look, like Yeats, for those who “had changed their throats and had the throats of birds”!
What’s the rainbow trout of the year? Nut-like flavour, the eye still gleaming, with tender, flaky flesh? There are many books I could cite for different genres. The vast majority of modern writers, for all their accomplishments, lack genius, don’t really understand the art of writing, and so cannot hold my attention for long. For those who are open-minded and spiritual, “A Course in Miracles” cannot be bested, but don’t touch it unless you’re really willing to dive deep. There is no need to save the world, since it is nothing but projection; there is no world. You might experience the deepest sigh of relief, as if Atlas had cast off a burden after the Titanomachy. Paul Celan once remarked that “reality is not simply there, it must be sought for and won.” Snorkeling near the surface and blowing bubbles won’t cut it.
We are living in times of great manufactured unrest, which will only heighten in coming months and years, and so I would offer a guernsey to Seamus Heaney. I had met him many years ago, alas cursorily, at a symposium at Waseda University where I was working as a Gaikokujinkoshi, an Associate Professor, where another Nobel laureate, Kenzaburō Ōe and he were giving a reading. Heaney was inspired to write “The Grauballe Man” on the basis of the bog man that he had seen in a book of prehistoric times, but the troubles in Ulster were alive in him, too:
As if he had been poured in tar, he lies on a pillow of turf and seems to weep
the black river of himself. The grain of his wrists is like bog oak, the ball of his heel
like a basalt egg. His instep has shrunk cold as a swan’s foot or a wet swamp root.
Talking of Japan here, methinks, is an aculeate observation of Japan:
Cross the intersection at Shibuya Station in Tokyo on a forbidding wintry evening — touted as the world’s busiest cloverleaf — and you will feel this is Eliot’s London Bridge revisited, with quaggas (think half zebras) preserved in the tar of the five crossings; — flattened ebon bones dreaming the dreams of Pleistocene mammoths — as the mass of the dead mill past you, chasing some mirage, and often accompanied by a revenant that must have been disgorged from a Pachinko parlour. Blanched lilacs float in minarets of light beyond these bituminous quaggas, bidding the odd-toed ungulates in their psychotropic dernier cri and fuddy-duddies in theirstygian suits to sup here or buy over yonder: all tethered to their devices. One might be surprised that no cracks are forming at these arced crossings with strange requisitions folding into the hiemal air. And yet it is still more odd that so few people see this as a primped and pimped potter’s field, a graveyard for those who’ve lost their way. We’re living in an age where the multitude of the dead are pacing among us in perdurable trysts with other zombies.
The above text is from one of my unpublished works; again it speaks to me – and perhaps to you – about the quiddities of this age. There is a distinct sense of zombification taking place on the planet at the moment. Is your lineage that of Dolly, or are you magnificent and free?
Do you have any theories about who Satoshi is?
I don’t really, though I follow the haughty chit-chat at times, especially in the jejune forums LinkedIN provides. I think the person has a good reason to remain concealed (forever), but that is also a major factor why I have never fully trusted bitcoin as an investment proposition.
Keeping the provenance concealed suggests a number of things, none of them conducive to embracing bitcoin as a common form of payment.
What do you think about the prospects of gold in connection with the uncontrolled money printing by different Central Banks?
Gold is what BTC can never become, especially when its provenance remains totally unclear – as well as its likely endgame! Central Banks engage in quasi-criminal activity – and one hopes the future prudent regulator won’t be making it too difficult for people to hold gold bullion. The Perth Mint might be a splendid little dot on the global map, but beware of holding your assets in the form of gold coins: many governments will regard them as forms of payment, and may impose all manner of restrictions on the possession of it.
Let's dream a little. How stablecoins can be used after 5 years from now?
I believe the great RESET is coming – even Davos and the U.N. are alerting us to that. The Covid19 panic has been declared by more than 1500 German physicians as a “global Mafia-style deception”, and while Big Pharma and Bill Gates will likely earn trillions of dollars by the useless and potentially dangerous vaccines that will be foisted on “free” citizens, the finance system as a whole will need to be RESET. We are already receiving an inkling of how draconian and void of reason and concern for the people most governments of the world are reacting to a harmless lab-manufactured virus (virologist Prof Luc Montagnier, Nobel Laureate in medicine in 2008, said that), so it’s possible that regulators may become more tyrannical, and under some pretext or other forbid the use of alt-coins. STABLECOINS can be over-collateralized, allowing absorption of pricing fluctuations, but it will be hard to call. I believe many are bound to fail, and that even earlier, despite all their most valiant efforts: as soon as the RESET comes, which is likely to come with all manner of encumbrances. There are many reasons for the issuance of stablecoins, some having opposing views, but all are dependent on trust – and we don’tknow yet if digital currencies that governments will issue will by regulatory over-reach (including absurd compliance requirements) displace other contenders, but you can assume that the tyrannical forms of governance we are currently experiencing suggest that all kinds of skullduggery are possible.
Do you see the problem of fiat stablecoins in the fact that annual inflation constantly depreciates them? An investor who bought $1000 USDT now and sold these tokens in 10 years for $ 1000 will receive much less money.
The problem occurs if we’re converting things back into payment forms that are fundamentally flawed. Inflation and Black Swan events are the major threats to stablecoins, and tethered crypto-values to natively burdened propositions recalls my earlier idea that we have not yet cut the umbilical cord to bitcoin. On the other hand, stablecoins in their current flavour are perhaps best viewed as transitional schemata that will need later revisitation.
You are a very successful Crypto and ICO Advisor, what is the secret behind this success?
I’m not sure if I’m very successful, but I always try to shoot a straight ball. Here are two instances where my input has not been heeded in any way.
I recall one of the first ICOs I advised. I was sitting with the owner on a Telegram Channel, and after some power Q&A sessions online, we were literally hearing the millions of dollars tumble in neat digital hashes into the inbox within a couple of hours of the ICO opening. He had a bottle of Scotch on his table, and by the end of the session he had reached his hard cap and was besotted to boot! The age of digital money had placed the foolscap on his pate, but the script was no longer legible. I cannot determine if his sobriety ever returned. The prudential advice I had been giving him previously – and that we had discussed in great depth -- was over coming weeks thrown out of the window, and I assume other bottles of Scotch ended up on his desk and didn’t last long.
Here is another example. At one time a well-known ambitious individual in the U.S. cryptospace, a young lawyer, asked me if I wanted to start a crypto compliance organisation with him.
When I think of him now and the feathery assistants he congregated around him, I think of the lines in Dickens’s “Bleak House”: “Mr. Tangle’s learned friends, each armed with a little summary of eighteen hundred sheets, bob up like eighteen hammers in a pianoforte, make eighteen bows, and drop into their eighteen places of obscurity.”
Simply to continue serving wine from the same sour vats won’t do. I saw that as a prospective idea, and offered some important advice to get the ball rolling. Soon we had recruited many eager beavers to the exercise, and there was talk of it becoming an influential body. I was naïve enough to assume at the time that my co-founder, a black college asketballer with body tattoos who had a write-up in a major paper on account of his ambition and aggression, was actually interested in asking some fundamental revisionary questions about compliance in relation to the freedom of the citizen. When I suggested we don’t just copy the traditional compliance template and rather probe more deeply, he became insolent and very aggressive. That confirmed my instinct that most ambitious players in the crypto-space are actually dyed-in-the-wool bourgeois, and don’t care about improving the system itself.
What is your advice for upcoming Crypto startups and investors?
You might know the technology well, but do you know the business? Does it really deeply address, even solve, a problem? How much life experience do you have, and how well do you know the market? Can you create a market for your product or services? If yes, how will you do that? Have you only got yes-men around you, or are you willing to listen to those who speak Tacheles to you? If you’ve come to water the plant of your ego, your business will flounder. Most achievers keep their ego initially in check, and get the work done.
For investors the answer I would give is rather complex, but here’s a brief response: often the mandate of investors is very narrowly girded, and they trust their old boy networks, and rarely venture out and follow their instincts. That is foolish, and also the recipe for a dull life.
Perhaps a general observation that everybody might ponder with profit is the idea that we know really so very little of the world; that the news and information we are are offered and digest, even when it is tendered by so-called ‘experts’, is often seriously ignorant. It seems our perspective is getting narrower all the time, as if our mind is shrinking and we block out knowledge.
Let me give another current reference point. In 2020 everyone is fearful of viruses. Viruses currently have a bad rap! We have no idea what they actually are. We are always hobbling around with our fearful partisan gaze, and what is good today becomes bad tomorrow. Yet viruses are adroit and malleable messengers of inter-species DNA, in some sense regulating vast populations of organisms. Think of them as cellular simpletons: mere protein shells with few genes, but endowed with the ability to replicate easily despite their paucity of genetic instructions! They form alliances, you might say, with other forms of life. And they are deeply mysterious to our acquisitive and ignorant segmenting intelligence: how can the papillomavirus cause horns to grow on rabbits; and at the same time cause hundreds of thousands of cases of cervical cancer every year? Is one good and the other bad? It would seem so. Such simple summary, like Pinker’s reductionist view of the world, might becalm for a moment, but does not offer lasting satisfactions. To read the world along the axes of like and dislike, as the Buddha had warned us, leads to great suffering.
I’m told by someone who met Bill Gates a long time ago that the man was apparently even then obsessively fearful of viruses (imagine a pendant to Lady Macbeth, continually cleansing his hands). But do we have any clue what viruses actually are, and how they benefit us all in so many incalculable ways? When the child crawls around, it picks up antigens (bacteria and viruses) and on that basis builds its immune system. At various points of that contact and exchange new forms grow, and other forms decay and die. Like CO2, viruses are suddenly declared dangerous and that we need to shield ourselves against them. Yet how many people know that marine phages rule the world, and rule the sea? This was not discovered until 1986. An electron microscope showed that every litre of seawater contained up to one hundred billion viruses, almost as much in dollars as BillGates expects to make off vaccines in 2020. If you put these viruses end to end, they would stretch out forty-two million light-years! Viruses offer stunning genetic variety, and they are the very pulse of life! When viruses swallow oceanic microbes, they release a billion tons of carbon every day: imagine squalls of marine snowfalls, powdering the porous sand of the deep. Imagine the white nights of St Petersburg under water, celebrating the magic of life with the same skill and abandon as the Mariinsky Theatre, to an audience of gastropods, deep-water fish and lovelorn mermaids.
Seamus Heaney, when he passed in 2013, spoke the word Noli timere (“Do not fear”) to his wife as he breathed his last. Instead of being fearful, we might do well to assert that we understand nothing of the manifold wonders of this world! Let us cultivate the virtue of wonderment, and fear will find no habitation in our house:
And lonely as it is that loneliness Will be more lonely ere it will be less— A blanker whiteness of benighted snow With no expression, nothing to express.
They cannot scare me with their empty spaces Between stars—on stars where no human race is. I have it in me so much nearer home To scare myself with my own desert places.
Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf
Follow us on social media: Twitter: https://twitter.com/gold_erc20 Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/golderc20/ Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
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Bitcoin suffers an unprecedented price fall

Bitcoin suffers an unprecedented price fall
Today, Bitcoin has suffered an unprecedented price fall. Right now it’s worth $5,620. Changpeng Zhao, CEO of Binance, has called it ‘Bloodbath day’, and many people would agree.
😷The reason is common panic caused by the coronavirus. The pandemic has already had serious consequences for many economy sectors. Oil prices have fallen down more than 30% this year.
📉All these factors combined caused the massive sell-off of BTC and other high-risk assets. The workload of the major exchanges, including Binance, increased manifold.
BTC was not the only crypto to suffer. The other leader, Ethereum has suddenly lost 35% of its market value. While some traders are desperate to get rid of crypto coins, others buy them cheap hoping the price will rise.
❓And what is your prognosis? Will BTC keep falling?
#Exscudo #Blockchain #Bitcoin #EON #crypto

https://preview.redd.it/xmdkm3gwvgm41.png?width=900&format=png&auto=webp&s=2862ce3bad0f46f1240a3eadaaa05a2820578282
submitted by EX-SCUDO to u/EX-SCUDO [link] [comments]

{Pre-Proposal} Decred India Community : New User Education, Content Distribution, Translations, PR & Social

{Pre-Proposal} Decred India Community : New User Education, Content Distribution, Translations, PR & Social

Decred India Community PRE-PROPOSAL

New User Education, Content + Translations, PR + Social
Project Summary
The Decred India Project is a new-user education & awareness campaign designed help Decred make rapid inroads in the Indian subcontinent and significantly expand Decred’s global footprint.

Through a powerful combination of High-Quality Video Content Creation, Social + PR and Regional Translations, we aim to seed a passionate group of early adopters in India who can in turn become Decred ambassadors.
India accounts for nearly 10% of the global crypto trading volume and consists of nearly 1/6th of the world’s population with fast rising mobile connectivity. India also receives the highest amount of remittances in the world ($80Bn) and has a massive pool of Remote Developers making India an ideal ground for innovation in crypto-use cases.

Additionally, India is on the cusp of announcing regulations for the crypto, which has the potential to increase trading volumes manifold.

Despite many such favourable macro-indicators, the Indian Subcontinent has largely been under the radar for most Blockchain projects. India has a growing community of blockchain Enthusiasts, Developers and Traders. Through this campaign, we hope to lay the foundation for a building a strong Decred Community in India and help Decred expand.

Project Motivation
Due an eclectic combination of economic factors & technology trends, the Indian Subcontinent (India+ Neighbouring Countries) holds immense promise for establishing genuine use cases for Decred.

Here are some interesting facts which make India an attractive market for Decred :

a) India is the World’s largest Remittance market ($80 Billion/Yr).
b) India has amongst the largest communities of Developers, receiving payments for their work through global remittance systems like SWIFT, Paypal and Western Union .
c) India has nearly 500 Million Mobile Users with access to 4G data plans starting at $2/Month.d) In 2016, a controversial fiscal reform demonetized 85% of the currency overnight. While this initially led to widespread panic, this reform gave a boost to digital payments in the country. Additionally, business relying on Digital payments Uber, Amazon & Paytm are scaling rapidly.
e) Indians cumulatively are the world’s largest holders of Gold. As crypto awareness rises across the world, it is possible that crypto starts making making a small dent in the “storage of value” market.
f) India is on the cusp of regulating the blockchain industry with the Supreme Court of India directing the Governments to frame rules for the regulation of the crypto industry. This can be a major step forward for the entire ecosystem.

A large number of users who will engage with our campaign will be learning about Blockchain technology for the first time, giving us the opportunity to capture mindspace early. While a small community of users in India have heard about Bitcoin, there is very little understanding of the governance issues that plague it. Our project in due course will also go on to highlight ways in which Decred is a much more robust technology thus deserving of consumer faith.

Project Details

This integrated community proposal has five major deliverables : Content+Translations, Content Distribution, Local PR and anActionable Report. Here are some more details about our proposed project.

a) Creating High-quality Video content about Decred

As part of this project, we will create 2 high quality Animated videos about Decred, targeted at first time users. All these videos will be also be made available in Hindi (330M Speakers) , Bengali (261M Speakers) besides English, making a total of 6 videos available to different segments of users.

VIDEO 1 : Explaining the basics of Blockchain technology to new users using Decred as an example.
VIDEO 2 : Introducing Decred to the audience in a simple and engaging manner.

Here is an example of some content we have created previously for the Dash Blockchain.
https://reddit.com/link/awb5y0/video/4hki1y2aclj21/player

b) Multi Channel Digital Marketing efforts to reach out to a set of passionate early adopters
To ensure the content is widely seen, we will run a small marketing campaign on Youtube and Facebook to attract a set of early adopters and establish a strong social media presence across multiple languages across channels like Facebook & Twitter relevant to the Indian Subcontinent.

c) Interface with local vernacular media for traditional coverage
While global PR is great, the best way to reach audiences is to get coverage on media that the average user reads. We will be reaching to different publications in India and sharing details about the Decred India initiative and our developed content as is necessary.

d) Action Plan : Report
At the end of the project, the project will present the Decred Community with an actionable report on our work and ways to further scale up in the Indian Market. This report based on our experience in India will likely provides insights into marketing for developing countries.

Costs
The project cost is estimated at 300 DCMonth and will be executed over 3 months. Here is a brief breakdown of costs.
300 DCR x 3 Months
About Us

Blocknext is a boutique marketing focused firm passionate about promoting the use of Blockchain technology to new users. We specialize in Growth engineering and our team comprises of experienced marketers, developers and graphic designers.

Our Founder, Gaurav Gupta is a Marketing Technologist, specialising in making marketing more effective through Lean acquisition at scale, simplifying on-boarding processes, Funnel optimisation and Marketing automation.He has led marketing for internet businesses like :
Squads.Com(Amsterdam, Remote Top Talent Freelancing Teams)
Labster.Com (Swiss Education Virtual Reality Business, Raised $13M)
Bridallive.Com (Atlanta, #1 Solution for Bridal Shop Management).

He has worked with businesses in industries such as SAAS, Virtual Reality Education, Agile Software Development across China, India, US, Latin America, and the Netherlands.As a Marketing Technology Consultant for Philips (on contract through Squads.Com), Gaurav led an in-depth Market research and Analysis project for a consumer healthcare product in China.

He has worked with businesses in different sectors like SAAS, Virtual Reality Education across China, US, Australia, Netherlands and India.
He offers an alternate approach to marketing and usability for Technology Products, side-stepping the need for large marketing spends to increase product adoption.

When
This Project will begin on receiving the approval of the Decred Community and will be executed within the next 90 Days.
submitted by Blocknext to decred [link] [comments]

5 Things Customers Look For In A Crypto Exchange

Cryptocurrency trading is a very profitable venture. With the Bitcoin valued at more than $11000, it has kicked off a bullish trend. With increased awareness and easy access to virtual currencies, the demand for cryptos is increasing manifold. Today, several exchange platforms organize daily trading volumes that are worth billions of dollars.
Launching an exchange in 2019 is very easy. Companies like Blockchain App Factory are offering premium white label crypto exchange solutions. Their services are very easy to customize and very simple to deploy. Their platforms are equipped with the following features:
Multi-currency Support: Organize trading for a variety of currencies that popular as well as niche.
submitted by lexipiper93 to u/lexipiper93 [link] [comments]

QuarkChain technology is moving forward!

QuarkChain technology is moving forward!

The beginning of 2019 marks retrospect and prospect.

Time seems to be separated into two parts while memories and expectations filled in between.

For public blockchain industry, the best and the worst seem to interweave in 2018.

Some people applauded for their products successfully getting dreamed up while others felt defeated for their silent farewell.

Several projects rise from unknown to a new high. However, manifolds of them look more like salt dissolving into water, stepping down from the public chain stage without attention and bless. However, many great businesses come from silent changes.
Giants arise from obscurity and revolutionary innovations stem from underestimating. Blockchain industry is not an exception. It stems from the Bitcoin that was left out initially. Several public blockchain projects have attracted flooded attentions and praise since the day they exist. Faced the chaos and overhype in the blockchain industry, QuarkChain chose to grow silently in the corner. Finally, volatility and approval come as we promised.
Compared with the projects that shined in 2017, few people paid a lot of attention to QuarkChain, since team members do not have blockchain industry background. Sharding technology, QuarkChain’s technical highlight, has not been widely recognized at that time and the hype of blockchain industry is starting to cool. People who are involved into blockchain industry at early stage still rely on some existing experiences to judge the destiny of newcomers. Therefore, QuarkChain did not receive very high expectation.
__________
QuarkChain technology is steadily moving forward. At the same time, marketing team has never stopped, either. QuarkChain team has traveled to several countries across Europe after open sourced code in Sep. Afterwards, QuarkChain Ambassador Program has been open and nearly 30 ambassadors from around the world were selected among numerous applications.
Then bounty program — 1,000,000 QKC rewards was launched in Dec.
More people are allowed to join the QuarkChain community building. The idea of QuarkChain, which was once unknown in the past, has flourished widely and spread to its users.

https://preview.redd.it/3qp4t3zvft921.png?width=1541&format=png&auto=webp&s=69c55c41a87acd457a1a0b56e4c0309574a7d275
70+ high-quality projects have added into QuarkChain ecosystem universe. They offer a wide range of services in multiple mainstream fields including big data, games, lending, industrial services, and DApp platform. The basic ecosystem map has been completed. A promising prospects of QuarkChain are to be expected.
The year of 2019 symbolizes a new beginning.
Public blockchain projects will be enjoying the equal opportunities regardless of popular and unknown. Prospect is hopeful and wonderful but has to return to pragmatic review and reflection.
submitted by adamwufyfu to quarkchainio [link] [comments]

Three challenges with cryptocurrency systems that Gigzi Technology seeks to resolve

Three challenges with cryptocurrency systems that Gigzi seeks to resolve:
Hyper-volatility of cryptocurrency
Price fluctuation of cryptocurrencies undermine their ability to function as a stand-alone currency. Such volatility, both micro- and macro-fluctuations, make it difficult to price goods and services, and therefore limit the use of cryptocurrency for trade.
Account vulnerability
User accounts on the blockchain are secured by a private key that is paired with a public key. The private key, which is a randomly generated set of numbers and characters, decrypts and grants access to the account.n The length and frequent use of the private key, often by ‘copy and paste’ actions, makes it extremely vulnerable to interception by Trojans, Spyware and Malware.
The uncertainty and instability of wealth invested
Cryptocurrency has generated great returns for some investors, and the dramatic gains have produced tales of so-called ‘Bitcoin Millionaires’; individuals who invested in digital currency early and who therefore multiplied their initial investment many times over. However, flash crashes have occurred which have significantly diminished the wealth held in cryptocurrency,
Wealth Protection
The tokenisation of precious metals provides users with a stable asset in which to invest their wealth on the blockchain. The benefits of which are manifold, but principally, precious metals maintain considerable value even when fiat currencies are weak. Investing funds in precious metals is therefore, an effective method of wealth protection. Additional benefits include accessibility, simplicity and flexibility, enabling users to conveniently manage their wealth.
Access the official website for more information about the project and its technology:
https://gigzi.com
submitted by wealthspy to CryptoInvesting [link] [comments]

Has The Cryptocurrency Bubble Burst In India

In 2013, Bitcoin came to India and raised quite a storm in the Indian economy. Immediately after its incorporation, the market witnessed an influx of Indians from many corners of society. In its early stages, cryptocurrency was very much a hit among the people of India. However, with time, the picture has drastically changed, culminating in the alleged bubble burst in 2018.
In this paper, let us explore the milestones in the Indian journey of the cryptocurrency. In doing so, we would also explore the validity of the title’s claim. So, first thing first, let’s take a brief look at the initial days of the cryptocurrency in India. The advent of cryptocurrency in India gives rise to a lot of mixed responses from Indian society.
On the one hand, the numerous upcoming start-ups saw cryptocurrencies as a boon and so did many other technology firms. Moreover, since more than 21% of Indians don’t have bank accounts, many preferred cryptocurrencies for making money transfers. This was heightened even further with the sudden demonetization undertaken by the Indian government in 2016. In fact, cryptocurrency’s first three-four years in India could well be seen as their golden years in this economy.
However, on the other hand, many were not very enthusiastic about this new development. Such apathy towards this new technology was quite significant as it was shared by the Reserve Bank of India. After initially supporting the cryptocurrency and the technology behind it, the Indian government eventually took a U-turn in this matter. Cryptocurrency’s falling out of the government’s favor culminated in their ban by the RBI in 2018.

From Boom to Ban – What happened in between?

As I’ve already mentioned, cryptocurrency made a great start in India and, for the first few years, transactions were peaking. Consequently, the crypto economy thrived during its early days in India, until the scenario started changing in 2017.
The demise began when the word came out that stricter regulations would be imposed on the usage of the cryptocurrencies. As a matter of fact, such news induced much panic among the users. Consequently, the demand was waning steadily and this resulted in a drastic fall in the prices.
In a matter of days, the value of Bitcoin went from a staggering $10,000 to a mere $6500-$6700. In this context, it is worthwhile to mention that Bitcoin was the most popular and valuable of all cryptos. As a matter of fact, it was also the most hyped.
Despite the popularity gained by cryptocurrencies, especially Bitcoin, its opponents indeed have genuine reasons to rally against it. The problems related to the use of these virtual assets are manifold, particularly in the Indian context.

The Problems with the Cryptos

For one thing, investing in cryptos is nothing but speculative betting because of which made the investors prone to financial loss. From the very beginning, RBI had been quite anxious about this fallacy and had repeatedly warned the investors. Yet, the hype-driven players of the market didn’t seem to pay any attention to the warnings.
Now, volatility of the cryptocurrencies is indeed a problem and a major cause for its failure. Yet, there are more essential and more serious reasons behind the government’s fall off with the cryptos. These fundamental issues emanate from the technology which runs the cryptocurrency or the blockchain. Basically, the primary problem with these cryptocurrencies is their anonymity.
Owing to such anonymity, the cryptos are simply perfect for any kind of illicit or illegal transactions. If allowed for popular usage, the cryptocurrency could well become a boon for many different kinds of fraudsters. Moreover, being a form of asset owned by private corporations, cryptos are not universal tenders like the Rupee or Dollar.

What’s Next?

So, now that the RBI as rendered cryptocurrencies as illegal in India, concerns have been raised regarding its future. According to the opponents, one internal problem in the cryptocurrency industry is the massive competition. As a result of this, these companies mostly cancel each other out and gain only by hype.
In all, if the cryptocurrency has to ever succeed, there has to be a more regulated economic environment to protect the investors. Most importantly, there have to be laws to adequately regulate and monitor these transactions.
submitted by SaurabhVeriSmart to u/SaurabhVeriSmart [link] [comments]

Three challenges with cryptocurrency systems that Gigzi seeks to resolve

Hyper-volatility of cryptocurrency
Price fluctuation of cryptocurrencies undermine their ability to function as a stand-alone currency. Such volatility, both micro- and macro-fluctuations, make it difficult to price goods and services, and therefore limit the use of cryptocurrency for trade.
Account vulnerability
User accounts on the blockchain are secured by a private key that is paired with a public key. The private key, which is a randomly generated set of numbers and characters, decrypts and grants access to the account.n The length and frequent use of the private key, often by ‘copy and paste’ actions, makes it extremely vulnerable to interception by Trojans, Spyware and Malware.
The uncertainty and instability of wealth invested
Cryptocurrency has generated great returns for some investors, and the dramatic gains have produced tales of so-called ‘Bitcoin Millionaires’; individuals who invested in digital currency early and who therefore multiplied their initial investment many times over. However, flash crashes have occurred which have significantly diminished the wealth held in cryptocurrency,
Wealth Protection
The tokenisation of precious metals provides users with a stable asset in which to invest their wealth on the blockchain. The benefits of which are manifold, but principally, precious metals maintain considerable value even when fiat currencies are weak. Investing funds in precious metals is therefore, an effective method of wealth protection. Additional benefits include accessibility, simplicity and flexibility, enabling users to conveniently manage their wealth.
Access the official website for more information about the project and its technology:
https://gigzi.com
submitted by lisa_mendis to CryptoCurrencyTrading [link] [comments]

Three challenges with cryptocurrency systems that Gigzi Technology seeks to resolve

Three challenges with cryptocurrency systems that Gigzi seeks to resolve:
Hyper-volatility of cryptocurrency
Price fluctuation of cryptocurrencies undermine their ability to function as a stand-alone currency. Such volatility, both micro- and macro-fluctuations, make it difficult to price goods and services, and therefore limit the use of cryptocurrency for trade.
Account vulnerability
User accounts on the blockchain are secured by a private key that is paired with a public key. The private key, which is a randomly generated set of numbers and characters, decrypts and grants access to the account.n The length and frequent use of the private key, often by ‘copy and paste’ actions, makes it extremely vulnerable to interception by Trojans, Spyware and Malware.
The uncertainty and instability of wealth invested
Cryptocurrency has generated great returns for some investors, and the dramatic gains have produced tales of so-called ‘Bitcoin Millionaires’; individuals who invested in digital currency early and who therefore multiplied their initial investment many times over. However, flash crashes have occurred which have significantly diminished the wealth held in cryptocurrency,
Wealth Protection
The tokenisation of precious metals provides users with a stable asset in which to invest their wealth on the blockchain. The benefits of which are manifold, but principally, precious metals maintain considerable value even when fiat currencies are weak. Investing funds in precious metals is therefore, an effective method of wealth protection. Additional benefits include accessibility, simplicity and flexibility, enabling users to conveniently manage their wealth.
Access the official website for more information about the project and its technology:
https://gigzi.com
submitted by wealthspy to ico [link] [comments]

The SmartMesh Ecosystem Fulfills the Internet’s Original Purpose

The Internet We Deserve
The SmartMesh Ecosystem Fulfills the Internet's Original Purpose
Recently Tim Berners-Lee, the man credited with the very creation of the Internet, wrote an open letter to the world marking its 29th anniversary. In this letter (published here on The Guardian) Mr. Berners-Lee advocates for a large-scale recalibration and expansion of the internet, the cyber-phenomenon that defines the 21st Century's modern digital infrastructure.
His invention is the most smashing technological success in recorded history. No tangible innovation has scaled so far and wide, with such speed and agility, spawning with it not just an industry, but a fleet of industries, destroying as many as it created, and profoundly altering still as many. But the web is only an adolescent leviathan. It must be disciplined as well as encouraged, lest it go down the wrong path.
Nearly 4 billion people live without access to the internet. There are numerous regions on earth where empty hands are as ubiquitous as iPhones and Androids in Silicon Valley. But what are those without access missing?
On one hand they are ducking ever-pounding waves of scams, hacks, pestilent advertisements, and an endless stream of gibberish posted by a generation beset with Attention Deficit Disorder. Even more insidious is the fact that behemoth corporations have come to control massive swaths of traffic funneled through their web services like Twitter, Facebook and Google and they suck up any competition with hostile acquisitions.
But on the other hand, they are lacking a quintessential toolbox that can grant them inroads to commerce, communication, safety, training and education, not to mention entertainment and an overall broadening of horizons.
This bi-polar set of conditions provides the basis for the two questions Mr. Berners-Lee poses:
"How do we get the other half of the world connected?"
"Are we sure the rest of the world wants to connect to the web we have today?"
These questions are sober and to the point. They beg a third: Can we open the digital doors to the underprivileged masses without selling them out? The answer, is yes. There is a parallel internet underway, one that is at once agile, scalable, and easily deployable. But it is also decentralized, impartial to the world wide web, autonomous, and outfitted with the cutting edge of Blockchain 2.0 technologies.
The SmartMesh (smartmesh.io) ecosystem allows people's smart devices to become nodes of self-sustaining networks that do not require any ISP or telecom carrier to operate. Users can communicate, make data transfers, and even execute secure digital payments in cryptocurrencies. If they provide one of their devices as a multi-hop data transfer relay, they can earn rewards in SMT Tokens which are tradeable ERC-20 fungibles already available on multiple worldwide exchanges. But wandering nodes aren't 100% reliable and can easily drift out of range.
Enter the MeshBox (meshbox.network), which is a futuristic hardware device that adds routing and signal strength to local SmartMesh mesh networks. MeshBoxes also can provide data storage space and stream stored content to user nodes and owners can collect cryptocurrency rewards in MESH or SMT tokens for providing these services. Finally, a MeshBox can act as a gateway between the greater world wide web and the entire mesh network. Indoor and outdoor Meshbox models can be deployed, the latter having ranges of up to 10km and running on solar power.
"...in some countries, the cost of 1GB of mobile broadband remains more than 20% of average monthly income." -TBL
Elon Musk has plans to set up an orbiting fleet of mini-satellites on the perimeters of earth's stratosphere in order to blanket our planet with connectivity via his Starlink initiative. But, even assuming all the satellites operate properly, they can only broadcast one way to smartphones, because the phones themselves are not powerful enough to return the signal. The MeshBox, however, will be able to establish bi-directional communications with Starlink and serve as the portal between the satellites and local mesh networks.
The SmartMesh ecosystem will also be able to integrate with any present IoT infrastructure and have an SDK that developers can build upon. It will be compatible with the Ethereum blockchain and interoperable across various others such as the Bitcoin blockchain. Tokens can be launched on the SMChain and SmartMesh partner Dcntral (dcntral.com) will be the first to do so. SmartMesh ecosystems will be built from the ground up supporting locals to collaborate and extend out as they wish. MeshBox nodes can serve as local digital schools, video streaming hubs, and mini e-commerce markets.
"The web that many connected to years ago is not what new users will find today. What was once a rich selection of blogs and websites has been compressed under the powerful weight of a few dominant platforms." - TBL
Smartmesh's Mobile Raiden offline payment system allows internet-free digital payments, supporting local economies, and vice-versa. These transactions can bring life to a lively intercultural world market, and like the Silk Road of ages before, a wealth of information, culture and history can be exchanged within these digital habitats. In a thriving multi-dynamic peer to peer hybrid mesh, the overkill of mega-corporations is mitigated through the plurality and spontaneity of channels teeming in the living network.
"The future of the web isn't just about those of us who are online today, but also those yet to connect." - TBL
The SmartMesh ecosystem is built upon individual nodes, just as Tim Berners-Lee's original vision of the internet was, and it empowers individuals with the freedom to communicate, transact, and make value transfers within an agile framework outside the reaches of dominating hegemony. It will bring a new highly customizable set of tools to a population who needs them most. But they are not the only ones who will benefit, because there are manifold gems in the rough waiting to sparkle. When they do they will shine for us as new stars are born illuminating the undiscovered future.
https://www.SmartMesh.io
https://www.MeshBox.Network
https://medium.com/smartmesh/the-internet-we-deserve-d62a21057ec4
submitted by Tom_Mesh to SmartMesh [link] [comments]

Payments industry is finally heading to disruption from virtual currencies: Crypterium

The Crypterium is aiming to finally make possible the use of crypto currencies at grass root level through its state of the art mobile app which is designed to allow users to pay with crypto currencies of their choice in the purchase of day to day items like coffee, beer or anything conveniently without any hassle.
Crypto economy has so far only been known due to its extreme volatility
The very purpose of Bitcoin was to bring ease of making payments through this new technology called blockchain, which eliminates the chances of duplicate transactions ensuring security & is cheap as compared to traditional modes of payment. However, it is barely being used for making payments and is mainly being used to bet on volatility as this emerging asset class has seen price swings never seen before. Some investors have made tons of money in this new asset class while some have lost their hard earned savings.
ROI Volatility of Top Currencies
Source:crptocurrencychart.com
Things may finally be heading for a change as the new start-up Crypterium is bringing convenience of spending cryptos in day to day routine through its App called Crypterium. The company has issued its own crypto currency CRPT which will be used as a fuel for transactions on its app.
The idea which seemed far from reality only six months ago is fast becoming reality as the company has already announced successful tests in Australia. The App is expected to be launched by end of this quarter.
The potential market size
Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report.
Visa, UnionPay, Mastercard,& other brands general purpose cards generated 257.17 billion up by 13.3% purchase transactions at merchants in 2016. These transactions included all commercial and consumer credit, debit, and prepaid cards. Credit, debit, and prepaid cards in circulation worldwide totaled 11.15 billion at the end of 2016, up 9.4% over 2015. Of the total cards in circulation, 77.37% were debit, up from 75.89%. Debit cards in circulation grew by 894.8 million compared to a 67.1 million increase for credit cards.
Although it won’t be wise to assume crypterium will take over any of these players in the short term however, the mammoth market size of payments industry means even a small market share of this industry can increase crypterium’s valuation by manifolds.
Potential upside triggers for the industry include Expansion into B2C transfers, B2B & P2P transfers including in the areas of transit and government disbursement.
Number of Global Card Transactions (Billions, 2016)
https://preview.redd.it/1nl9wm0mku011.jpg?width=289&format=pjpg&auto=webp&s=e18b34ffc6a9b031c5ec2cbebd8b7b9d9ba508be
Source: Nilson Report 2016
submitted by Vaswani2018 to crypterium_com [link] [comments]

Towards ECDSA key derivation from deep embeddings for novel Blockchain applications

I stumbled upon this arxiv preprint, which seems very cool, as it's rare to see an intersection between ML/DL and blockchain, apart from the usual (and perhaps futile) use case of trying to predict bitcoin prices.
https://arxiv.org/abs/1711.04069
Abstract: In this work, we propose a straightforward method to derive Elliptic Curve Digital Signature Algorithm (ECDSA) key pairs from embeddings created using Deep Learning and Metric Learning approaches. We also show that these keys allows the derivation of cryptocurrencies (such as Bitcoin) addresses that can be used to transfer and receive funds, allowing novel Blockchain-based applications that can be used to transfer funds or data directly to domains such as image, text, sound or any other domain where Deep Learning can extract high-quality embeddings; providing thus a novel integration between the properties of the Blockchain-based technologies such as trust minimization and decentralization together with the high-quality learned representations from Deep Learning techniques.
Essentially the paper describes a method to train an embedding model that takes as input an image (and also other similar images) and produces as output ECDSA key-pair from the learned representations that were created by deep learning models. The key-pair can later be converted to public-private wallet address, allowing funds to be sent to there. In this way, only someone with the same image or similar (where the similarity is on this feature representation manifold) image and optionally a password would be allowed to redeem the fund on that address. It's similar to a brainwallet, but using features extracted from a Deep Learning model.
I feel that it will open the door for some cool new applications, however I'm racking my brain trying to think of where this could actually be useful. What do you think?
submitted by ginger_beer_m to CryptoTechnology [link] [comments]

Quantum Pay is a Decentralized and Computerized Banker Engine who serves as a financial services platform.

Quantum Pay is a Decentralized and Computerized Banker Engine who serves as a financial services platform.
https://preview.redd.it/0hwkn7oafzi11.jpg?width=527&format=pjpg&auto=webp&s=d7e2326fa2dfc49622a25fc7a15496bc6a85feed

What Is Quantum Pay

Quantum Pay is a Decentralized and Computerized Banker Engine who serves as a financial services platform. As a facility successively on blockchain machinery, Quantum Pay uses digital currency as a little charge doorway to investment, lending, funding and banking, spreading the influence of monetary organizations beyond their existing outlet groundwork to the number of people who are unbanked in the world.
This also delivers person-to-person wallet handovers, bill expenditures, portable top- ups, operational shopping, and transfer services. Its currency distribution system shields tens of thousands of banks, pawnshops, fee outlets, and door-to-door delivery through the world. . Using Quantum Pay, clients have contact to an app wallet to be launched by the team and facilities such as payments, air-time, bill payments, hotel bookings, game credits and online shopping at a number of dealers who admit digital currency.

How Does It Work?

Using QPAY, customers have access to an application wallet to be launched by the team soon and services such as remittances, air-time, bill payments, hotel bookings, game credits, online hauls and online shopping nationwide merchants who accept digital currency.
Download a Wallet
Simple to Use and Convenient to Transact- Implement dealings without the requirement to synchronise with the blockchain and is user-friendly interface.
Safe & Secure
Self-held Private Keys, Improved Safety- Encoded Private Keys will be deposited steadily in expedient’s local sandbox structure. It delivers manifold folder backup options, to avoid loss or robbery of assets.
Buy & Sell
Each user has unique needs, so there is no one size fits all for exchanges. Our Bitcoin exchange reviews detail each exMarket Tracing and Signals. Worldwide market checking of statistics sponsored by continuous synchronisation with digital market sites. Flexible price ready situations shall never miss out on important market arrangements.change's supported countries
Simple to Use and Convenient to Transact
Implement dealings without the requirement to synchronise with the blockchain and is user-friendly interface.
Can be used online or offline
QPAY App can be accessed online and even not connected to the internet, QPAY SMS Operator shall manage transaction of the customers.
Visit the Quantum Pay Website https://quantumpay.co/ and make sure you participate in this project

Roadmap


https://preview.redd.it/flkenpcdfzi11.jpg?width=1238&format=pjpg&auto=webp&s=50efab7a67d76d5fb21bcd413452db14b2c9b8cb
submitted by Angel2615 to BlockChain_info [link] [comments]

QUANTUMPAY Decentralized and Computerized Banker Engine who serves as a financial services platform.

How Does It Work?

Using QPAY, customers have access to an application wallet to be launched by the team soon and services such as remittances, air-time, bill payments, hotel bookings, game credits, online hauls and online shopping nationwide merchants who accept digital currency.
Simple to Use and Convenient to Transact- Implement dealings without the requirement to synchronise with the blockchain and is user-friendly interface.
Self-held Private Keys, Improved Safety- Encoded Private Keys will be deposited steadily in expedient’s local sandbox structure. It delivers manifold folder backup options, to avoid loss or robbery of assets.
Each user has unique needs, so there is no one size fits all for exchanges. Our Bitcoin exchange reviews detail each exchange's supported countries
Worldwide market checking of statistics sponsored by continuous synchronisation with digital market sites. Flexible price ready situations shall never miss out on important market arrangements.
Implement dealings without the requirement to synchronise with the blockchain and is user-friendly interface.
QPAY App can be accessed online and even not connected to the internet, QPAY SMS Operator shall manage transaction of the customers.

About Quantumpay

Quantum Pay is a Decentralized and Computerized Banker Engine who serves as a financial services platform. As a facility successively on blockchain machinery, Quantum Pay uses digital currency as a little charge doorway to investment, lending, funding and banking, spreading the influence of monetary organizations beyond their existing outlet groundwork to the number of people who are unbanked in the world.
This also delivers person-to-person wallet handovers, bill expenditures, portable top- ups, operational shopping, and transfer services. Its currency distribution system shields tens of thousands of banks, pawnshops, fee outlets, and door-to-door delivery through the world. . Using Quantum Pay, clients have contact to an app wallet to be launched by the team and facilities such as payments, air-time, bill payments, hotel bookings, game credits and online shopping at a number of dealers who admit digital currency.

Token Distribution

Check more on the official website https://quantumpay.co
submitted by bulseye142 to cryptocurrencynewico [link] [comments]

[uncensored-r/Bitcoin] Basic Income Bitcoin™? Network

The following post by VictorMichelle is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7me0nh
The original post's content was as follows:
Bitcoin™ ? | Bitcoin Time Mining Due to mining complexity growth, B.TM becomes time miners spent to find the next block and receive the award by Bitcoin™ iOS & Android Mining Programm (CellPhoneMiners)
Manifesto “All Human Beings Are Born Free And Equal In Dignity And Rights". United Nations | Universal Declaration of Human Rights 10 December 1948, Resolution 217, Palais de Chaillot, Paris, France.
Problem Basic Income Bitcoin™? Network In order Basic Income Bitcoin™? Network to become the mainstream used in global transactions, ubiquitous and efficient, it will require a critical mass of users. At the same time, millions of people around the world do not participate in the financial system because of restricting access by starting capital. With Basic Income Bitcoin™? Network activation, 2 interlocking sets of problems will be resolved: - growing inequality in access by those at the bottom to the most basic goods and services; - growing disillusion with public programs designed to address these problems. Mark Zuckerberg argues that automation and robotisation also will take a lot of jobs in the years to come, and that basic income in USA is especially needed because of that. Nathan Schneider, Vice magazine journalist, has also highlighted the fact that several in the "tech elite" nowadays are quite pro-basic income. The need for a universal basic income is becoming more apparent as the world makes strides in technological advancement. The impending damage that will be dealt with the economy will be far reaching and affect many people. With a rising unemployment rate, poverty stricken communities will become more impoverished and cause a decline in livelihood worldwide.
Solution Bitcoin™? | Personal Finance Exchange System Victor Michelle estimates that Satoshi Nakamoto support a Basic Income Bitcoin™? Network large enough & financial source to paying the basic income may come from Bitcoin™? Miners & Bitcoin™? Transaction Fees. Basic Income Bitcoin™? Network is a form of social security in which all users receive a regular, unconditional sum of Bitcoin™? (B.TM), independent of any other income. Basic income which is financed by the Bitcoin™? CellPhoneMiners all over the World (social dividend, also known as users dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation. Prominent advocates of the basic income concept include Elon Musk, Mark Zuckerberg, André Gorz, Ailsa McKay, Guy Standing, Karl Widerquist, Hillel Steiner, Peter Vallentyne and Philippe Van Parijs. Bitcoin™? Community aim at using goods and services within the Personal Finance Exchange System and countering inequality by giving everyone the chance to get involved in financial system. Personal Finance Exchange System based on Blockchain & allows Bitcoin™? Community to buy and sell goods and services. It is international in scope since it uses Bitcoin™? based on growing cryptocurrency users, so, in 2020 the system may handle much of international world private commercial activity and uses Personal Finance Exchange System to serve as an international exchange system and as a Marketplace. We suggest Blockchain is a means of empowerment for all people. An advantage cited is that a destitute person can begin trading, since it does not require such a person to first have an acceptable credit history or credit score. Regardless of a person's financial situation, each person's new contributions have exchangeable value based on the worthiness of their contribution. We claime that the Bitcoin™? (B.TM) comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since the system is transparent for all Bitcoin™? users.
Social Significance We Bring People in Blockchain The key concept of the Blockchain economy is that human capital can be treated as business product, as educational and innovative intellectual products and services can be exported for a high value return. The key component of a Blockchain economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. It is personal asset based approach, which focuses on the contributions towards their communities that everyone can make. The Bitcoin™? economy effect using appropriate technology and methods, virtual marketplaces and virtual organizations that offer benefits of speed, agility, round the clock operation and global reach can be created. These characteristics require new ideas and approaches by Blockchain users. Digital economy has manifold forms in which it may appear and extend radically, creating a pattern in which even private/personal currency will be recognized and identified as a commodity. Personal Finance Exchange System based on Basic Income Bitcoin™? Network could rebuild the infrastructure of trust and caring that can strength communities and would enable individuals and communities to become more self-sufficient, to insulate themselves from the vagaries of politics and to tap the capacity of individuals.
Commercial Significance Invest in Human Development Basic Income Bitcoin™? Network allows for economic growth. People may decide to invest in themselves to earn higher degrees and get interesting and well-paid jobs that, in turn, could trigger growth: Digital private assets; Cryptocurrency market capitalization; Crypto liquidity; International crypto cooperation; Freedom of investments & Individual’s free access to the capital market;
Technical Bitcoin™? Payments The technology requirements for the Personal Finance Exchange System must be able to disseminate a unified process by which a working method may converge scientific and technology solutions, and organizational solutions. Bitcoin™? is tax-exempt and uses as a means in Personal Finance Exchange System. Bitcoin™? Community encouraging exchange service, resist inflation, avoid hoarding, enable trade, and encourage cooperation among Stock Exchanges. Personal Finance Exchange System generates tangible and intangible values. The global economy is in transition to a Blockchain economy, as an extension of an information society led by innovations. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where Bitcoin™? Community's resources such as trade secrets and expertise are as critical as other economic resources.
Conclusion Global Social Economic System Blockchain economy is also seen as the latest stage of development in global economic restructuring. Thus far, the developed world has transitioned from an agricultural economy to industrial economy, post-industrial/mass production economy to digital economy (largely the technology/human capital sector). That is why we believe that the next evolutionary step is the Personal Finance Exchange System, based on Basic Income Bitcoin™? Network, where the Bitcoin™? (B.TM) is now being shared among and across various networks for the benefit of all network members, to gain economic of scale in a wider, more open scale the gradual evolution of network economy would create a well interconnected economic order. Bitcoin™? Community becomes much easier to access results of networked data-bases which promote online interaction between users and producers. Personal Finance Exchange System and connectivity developments such as the Internet bring the global village ever nearer. As a result, goods and services can be developed, bought, sold, and in many cases even delivered over electronic networks. It can be argued that the digital economy differs from the traditional economy in several key respects: the economics are not of scarcity, but rather of abundance. Unlike most resources that are depleted when used, Blockchain economy can be amplified, where Bitcoin™? (B.TM) actually grow through iOS & Android Applications.
Basic Income Prominent Advocates: Eurasia: Philippe Van Parijs, Ailsa McKay, André Gorz, Antonio Negri, Osmo Soininvaara, Guy Standing, Susanne Wiest, Dieter Althaus, Yanis Varoufakis, Tim Berners-Lee, Christopher Pissarides, Angus Deaton, Björn Wahlroos, Tim Höttges, Götz Werner, Jonathan Reynolds, Varun Gandhi, Arvind Subramanian. America: Mark Zuckerberg, Elon Musk, Tim Draper, Robert Reich, Pierre Omidyar, Erik Olin Wright, Carole Pateman, Sam Altman, Chris Hughes, Dan Savage, Charles Murray, Bill Gross, Robin Chase, Peter Barnes, Andy Stern, Ryan Holmes, Paul Vallée, Guy Caron, Naheed Nenshi, Don Iveson, Keith Ellison. World: Eduardo Suplicy, Archbishop Desmond Tutu, Gareth Morgan, Andrew Little.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12-27 09:32 - 'Basic Income Bitcoin™️ Network' (self.Bitcoin) by /u/VictorMichelle removed from /r/Bitcoin within 6-16min

'''
Bitcoin™ ️ | Bitcoin Time Mining Due to mining complexity growth, B.TM becomes time miners spent to find the next block and receive the award by Bitcoin™ iOS & Android Mining Programm (CellPhoneMiners)
Manifesto “All Human Beings Are Born Free And Equal In Dignity And Rights". United Nations | Universal Declaration of Human Rights 10 December 1948, Resolution 217, Palais de Chaillot, Paris, France.
Problem Basic Income Bitcoin™️ Network In order Basic Income Bitcoin™️ Network to become the mainstream used in global transactions, ubiquitous and efficient, it will require a critical mass of users. At the same time, millions of people around the world do not participate in the financial system because of restricting access by starting capital. With Basic Income Bitcoin™️ Network activation, 2 interlocking sets of problems will be resolved: - growing inequality in access by those at the bottom to the most basic goods and services; - growing disillusion with public programs designed to address these problems. Mark Zuckerberg argues that automation and robotisation also will take a lot of jobs in the years to come, and that basic income in USA is especially needed because of that. Nathan Schneider, Vice magazine journalist, has also highlighted the fact that several in the "tech elite" nowadays are quite pro-basic income. The need for a universal basic income is becoming more apparent as the world makes strides in technological advancement. The impending damage that will be dealt with the economy will be far reaching and affect many people. With a rising unemployment rate, poverty stricken communities will become more impoverished and cause a decline in livelihood worldwide.
Solution Bitcoin™️ | Personal Finance Exchange System Victor Michelle estimates that Satoshi Nakamoto support a Basic Income Bitcoin™️ Network large enough & financial source to paying the basic income may come from Bitcoin™️ Miners & Bitcoin™️ Transaction Fees. Basic Income Bitcoin™️ Network is a form of social security in which all users receive a regular, unconditional sum of Bitcoin™️ (B.TM), independent of any other income. Basic income which is financed by the Bitcoin™️ CellPhoneMiners all over the World (social dividend, also known as users dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation. Prominent advocates of the basic income concept include Elon Musk, Mark Zuckerberg, André Gorz, Ailsa McKay, Guy Standing, Karl Widerquist, Hillel Steiner, Peter Vallentyne and Philippe Van Parijs. Bitcoin™️ Community aim at using goods and services within the Personal Finance Exchange System and countering inequality by giving everyone the chance to get involved in financial system. Personal Finance Exchange System based on Blockchain & allows Bitcoin™️ Community to buy and sell goods and services. It is international in scope since it uses Bitcoin™️ based on growing cryptocurrency users, so, in 2020 the system may handle much of international world private commercial activity and uses Personal Finance Exchange System to serve as an international exchange system and as a Marketplace. We suggest Blockchain is a means of empowerment for all people. An advantage cited is that a destitute person can begin trading, since it does not require such a person to first have an acceptable credit history or credit score. Regardless of a person's financial situation, each person's new contributions have exchangeable value based on the worthiness of their contribution. We claime that the Bitcoin™️ (B.TM) comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since the system is transparent for all Bitcoin™️ users.
Social Significance We Bring People in Blockchain The key concept of the Blockchain economy is that human capital can be treated as business product, as educational and innovative intellectual products and services can be exported for a high value return. The key component of a Blockchain economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. It is personal asset based approach, which focuses on the contributions towards their communities that everyone can make. The Bitcoin™️ economy effect using appropriate technology and methods, virtual marketplaces and virtual organizations that offer benefits of speed, agility, round the clock operation and global reach can be created. These characteristics require new ideas and approaches by Blockchain users. Digital economy has manifold forms in which it may appear and extend radically, creating a pattern in which even private/personal currency will be recognized and identified as a commodity. Personal Finance Exchange System based on Basic Income Bitcoin™️ Network could rebuild the infrastructure of trust and caring that can strength communities and would enable individuals and communities to become more self-sufficient, to insulate themselves from the vagaries of politics and to tap the capacity of individuals.
Commercial Significance Invest in Human Development Basic Income Bitcoin™️ Network allows for economic growth. People may decide to invest in themselves to earn higher degrees and get interesting and well-paid jobs that, in turn, could trigger growth: Digital private assets; Cryptocurrency market capitalization; Crypto liquidity; International crypto cooperation; Freedom of investments & Individual’s free access to the capital market;
Technical Bitcoin™️ Payments The technology requirements for the Personal Finance Exchange System must be able to disseminate a unified process by which a working method may converge scientific and technology solutions, and organizational solutions. Bitcoin™️ is tax-exempt and uses as a means in Personal Finance Exchange System. Bitcoin™️ Community encouraging exchange service, resist inflation, avoid hoarding, enable trade, and encourage cooperation among Stock Exchanges. Personal Finance Exchange System generates tangible and intangible values. The global economy is in transition to a Blockchain economy, as an extension of an information society led by innovations. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where Bitcoin™️ Community's resources such as trade secrets and expertise are as critical as other economic resources.
Conclusion Global Social Economic System Blockchain economy is also seen as the latest stage of development in global economic restructuring. Thus far, the developed world has transitioned from an agricultural economy to industrial economy, post-industrial/mass production economy to digital economy (largely the technology/human capital sector). That is why we believe that the next evolutionary step is the Personal Finance Exchange System, based on Basic Income Bitcoin™️ Network, where the Bitcoin™️ (B.TM) is now being shared among and across various networks for the benefit of all network members, to gain economic of scale in a wider, more open scale the gradual evolution of network economy would create a well interconnected economic order. Bitcoin™️ Community becomes much easier to access results of networked data-bases which promote online interaction between users and producers. Personal Finance Exchange System and connectivity developments such as the Internet bring the global village ever nearer. As a result, goods and services can be developed, bought, sold, and in many cases even delivered over electronic networks. It can be argued that the digital economy differs from the traditional economy in several key respects: the economics are not of scarcity, but rather of abundance. Unlike most resources that are depleted when used, Blockchain economy can be amplified, where Bitcoin™️ (B.TM) actually grow through iOS & Android Applications.
Basic Income Prominent Advocates: Eurasia: Philippe Van Parijs, Ailsa McKay, André Gorz, Antonio Negri, Osmo Soininvaara, Guy Standing, Susanne Wiest, Dieter Althaus, Yanis Varoufakis, Tim Berners-Lee, Christopher Pissarides, Angus Deaton, Björn Wahlroos, Tim Höttges, Götz Werner, Jonathan Reynolds, Varun Gandhi, Arvind Subramanian. America: Mark Zuckerberg, Elon Musk, Tim Draper, Robert Reich, Pierre Omidyar, Erik Olin Wright, Carole Pateman, Sam Altman, Chris Hughes, Dan Savage, Charles Murray, Bill Gross, Robin Chase, Peter Barnes, Andy Stern, Ryan Holmes, Paul Vallée, Guy Caron, Naheed Nenshi, Don Iveson, Keith Ellison. World: Eduardo Suplicy, Archbishop Desmond Tutu, Gareth Morgan, Andrew Little.
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Basic Income Bitcoin™️ Network
Go1dfish undelete link
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Author: VictorMichelle
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[Informational] [CC0] Keeping Bitcoin Peer to Peer

The purpose of full nodes in the Bitcoin network is manifold. They exist as sovereign arbiters of the true state of the currency, they welcome new entrants into the network by sharing the history of the shared ledger, and they work together to spread new transactions to every corner of the earth.
There are many ways to use Bitcoin that do not require the use of a full node, however a full node describes something that offers the best level of security and privacy. As long as it is practical to use a full node, it's strongly suggested that one be used.
The precautionary suggestion to use a full node is one in which the user must be proactive about their own safety. The safety recommendation is analogous to wearing a seat belt in a car, or using a prophylactic device in an amorous encounter. Following a general guideline for safety that incurs some unwanted cost might not be immediately obvious, but on sober reflection of all the risks ignoring the guideline can be seen to be a mistake.

Strength in Numbers

The link between Bitcoin's health and the health of the full node peer to peer network is often stated. This is because a distributed network of redundant peers is seen as the most durable configuration possible. Thousands upon thousands of full nodes give strength to the network through herd protection. To sever a geographic link to the network, every node in the geographic area would have to be terminated, even a single remaining node could bridge the replication gap. It is seen that every additional user running a node translates to another brick in the wall keeping the network alive.
It's hard to determine the exact number of nodes on the network at any given time, because the network is designed to be distributed and decentralized, with each node giving thought only to its connected peer nodes and not the greater network. Despite this design, services exist to attempt to map the nature of the network by deliberately attempting to connect to as many peers as possible. These services are easily misled by fake nodes, and they cannot easily connect to the vast majority of nodes behind firewalls or with other limiting factors, so their published data must be treated as suspect.

Node Cooperative Contribution

Nodes in the network act in a peer to peer way, meaning that they act as servers and clients. Acting as a client is a baseline requirement for every node, however some nodes can limit the ways in which they act as servers, to limit their costs or for other reasons. In a network of full nodes, the level of server-like nodes is not important beyond a certain degree due to the great level of redundancy and the low demands full nodes place on the network. Just like almost any server and client split network topology, clients may outnumber servers greatly without any ill effects.
There are a variety of methods in which a node may act as a server: relaying transactions and blocks, catching up other nodes on Blockchain history, helping peer discovery. Generally speaking, contributory full nodes service two types of clients: other full nodes, and light clients.
A full node server serving other full nodes generally speaking has very light requirements. Full nodes have very limited demands because they only require a tiny differential sync from their current state. This differential sync cost is easily covered by the altruism of other nodes, in a model generally seen as sustainable to a large degree.
A full node servicing light clients, also known as SPV clients, has a much more costly set of requirements. Light clients cannot query their own local data set and thus require syncs tasks which carry a high marginal cost in both networking and system resources. Covering this cost through generalized altruism is not seen as sustainable, so most light clients have moved to a model of querying more formalized servers instead of the network at large.

Full Nodes Promote Privacy

An important element of Bitcoin as a unit of account and a convenient medium of exchange is that every single unit of Bitcoin is equivalent to every other unit. If some coins became more valuable than other coins, despite their face value, it would make for a confusing and therefore lower utility experience in exchanging them.
Unfortunately, Bitcoins are implemented in such a way that every Bitcoin balance is accompanied by a wealth of metadata relating to its origin. This represents a risk to every unit being exchangeable for every other unit, also known as the fungibility of the currency. Coin metadata represents a risk to the coin owner's privacy that can have unwanted negative secondary consequences, such as being accused of being linked to a theft through the web of transactions.
Full nodes uniquely help the network and the user from this negative privacy outcome by carefully protecting the metadata surrounding balances and transactions. In wallets that do not sync the entire Blockchain, they must query outside third parties for information about the funds they control. This querying represents a leak of information: information that can link multiple addresses together, can link Bitcoin addresses to IP addresses, funds to identities and actions that tar the theoretically neutral value tokens with a harmful history of their use.
Bitcoin full nodes can even take obscuring metadata one step further, severing even the link of IP address to Bitcoin full node and transaction relaying by automatically detecting a local Tor connection and then rerouting connections using Tor to provide for the privacy of the node.

Full Node Validation Security

The security of a user's funds and exchanges using Bitcoin is guarantees by a set of rules that govern how Bitcoin works. These rules describe things like the total possible number of coins in the system, or the coin limit, which promotes the utility of Bitcoin as a scarce tradable commodity. People are incentivized to use full nodes to remove their risk of these rules being broken, and this also serves to limit the impact of rule breaking: validating nodes will refuse to relay and spread invalid data.
Other notable rules are the subsidy schedule, which describes how quickly the currency can be minted, double spending, which prevents a user from spending the same funds in two places, signature validation, which prevents unauthorized users from spending others' funds, the block size limit which promotes network durability by preventing network denial of service deliberately or indirectly, and Bitcoin script execution, which evaluates intelligent rules for spending coins, like the CLTV which prevents funds from being spent until a certain time.
The validation that a full node performs is complete and total. Every single piece of data supplied by a third party is checked, so that even if all information a full node receives is supplied by a malicious attacker, they cannot create any negative results by manipulating the supplied data. The one exception to this rule is a situation in which the full node itself is running on a compromised platform. Therefore it is considered that the most secure practice for using Bitcoin is to only run a Bitcoin node on a platform known to be secure: third party platforms like cloud services where trust is an unknown factor are not recommended.
Due to the stringent checks performed by full nodes rule violations are few and far between. However rule violations, even by miners, are not unknown, for example in July of 2015 invalid blocks were published to the network in multiple incidents. This proves in practice what is obvious in theory: data from third parties, even miners who are strongly incentivized to publish valid data, can at times be invalid, either maliciously or through simple error. A full node's validation mechanisms will automatically ignore invalid data from any source, even a miner, unlike many alternatives to a full node that offer reduced levels of validation.

Full Node Code Security

When selecting a wallet, important consideration should be given to the authorship of the wallet. Is the wallet open source? Has the code been reviewed? Has there been thorough security testing? Examining the methodology in developing and releasing a wallet can help prevent the use of malware that abscond with user funds, or buggy prototype wallets that lose coins through simple coding errors.
Bitcoin Core as the Bitcoin reference client represents a very thoroughly vetted wallet. The code produced by Bitcoin Core is seen by many eyes, the scope of the wallet is narrow and focused, the users of the wallet are wide and varied. Bitcoin Core is designed as a comprehensive client, meaning it should be seen as comprehensively reliable, and the code should be seen as thoroughly vetted and secure. These qualities help make Bitcoin Core a very attractive choice for security conscious use.

Altruism in Full Nodes

The Bitcoin network relies upon having some nodes to bear some costs without direct recompense. This mechanism generally relies upon altruism and default behavior. It's well understood that this is a weak mechanism, but realistic given a limited cost: some percentage of users of Bitcoin Core who are not inconvenienced by the limited costs of default altruism will not adjust their default settings and some percentage of Bitcoin users can be expected to even go out of their way to assist others in the network.
This system works because the cost of altruism is capped. Servicing the requests of other nodes can be extremely inexpensive, running a node from home barely carries a negative impact: through the effort of many hands light work is made of the task of keeping the network running.

Efforts to Reduce Node Operational Cost

Creating a positive result in the cost benefit analysis of running a full node can be attacked from both sides: cost and benefit. The benefits of running a full node are great: financial privacy, security, self-determination, and altruistic fulfillment. But if the costs of running a full node outweigh those benefits, a user may not pursue the full node path, leading to their sacrifice of those potential benefits and the networks' loss of the marginal durability value they represent. For this reason, minimizing node cost has been a strong priority of the Bitcoin Core project: CPU, memory, disk storage, bandwidth have all been heavily optimized over many years of work.
One oft lamented cost center of Bitcoin Core is the cost of storing the Blockchain, the entire history of transactions. The Blockchain network design calls for this shared history to be stored in a distributed fashion, but its growth to tens of gigabytes of data over the years has made that burden something of a hot potato. To address this, in Bitcoin Core version 0.11.0, a major new feature was added to reduce this burden by eliminating archival data, in a feature known as pruning. Pruning turns the storage burden of tens of gigabytes of Bitcoin data into a small two to three gigabyte task, even pruning progressively on initial syncs. Pruned nodes cannot help catch up other nodes, but they can still help the network stay in sync with the all important trailing differential that is all that caught up full nodes nodes require.
Another great technical barrier to syncing the Blockchain is the CPU cost of validating the cryptographic signature that accompanies every movement of funds. Marginally a signature cost is small, but the impact of tens of millions of transactions means that syncing the chain is a lengthy task even for the most powerful computing devices. To address this the Bitcoin Core developers worked for many years on an optimized version of their signature algorithm, resulting in the highly optimized libsecp256k1 signature library. This library was put into full use in Bitcoin Core version 0.12.0, resulting a massive seven hundred percent improvement in signature validation speed, making Blockchain sync much more accessible to a wider range of users and devices.
Bitcoin transactions have a limited memory footprint: at the median transaction size a single transaction requires about the same amount of memory as two Tweets. Thousands of transactions can fit in active memory without issue. Even with transactions' limited memory footprint, memory utilization still represents a significant cost center for some users, or in some unlikely but possible scenarios where unconfirmed transactions rise to extremely high levels. To address this memory usage issue, Bitcoin Core added a discrete limiter: the mempool size option. This makes the trade-off of ignoring unlikely to confirm transactions for the benefit of allowing a fixed cap on full node memory demands.
To address bandwidth costs, Bitcoin Core added an upload limiter to put a cap on upload bandwidth, and a new blocksonly configuration option that limits the download bandwidth requirement to a maximum of about two thousand bytes/second, well within reach of even a standard dialup modem.
In addition to optimizations to reduce the marginal burden of transactions, optimizations were also made to lift the weight of the initial Blockchain sync. After users began to be forced into using BitTorrent to perform the initial sync of the large Blockchain data files, Bitcoin Core developers integrated a superior solution into Bitcoin Core itself, in a mechanism called headers-first sync that removes the bandwidth bottleneck to an initial sync. The initial sync may also be sped up by adjusting the dbcache option which allocates the syncing Bitcoin Core process additional memory beyond the low impact defaults of a standard Bitcoin Core install.
Beyond all these options stands a general firewall to the cost limits of Bitcoin Core. This firewall is known as the block size limit, and it puts a hard cap on the introduction of new costs on a node. Not all costs are limited by this, for example the set of transactions that are kept in memory instead of on disk or pruned is not strictly limited, only at a gross level does the block limit apply in that case. But generally speaking, the block limit is a general, final limit that protects the full node peer to peer network, and thus Bitcoin's durability, by promoting a low barrier to entry and thus a diverse and wide set of participants.
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Microsoft Positions Itself as the Perfect Home for Bitcoin-Style Blockchains: Giant banks are experimenting with software inspired by Bitcoin, and Microsoft wants a piece of the action.

This is an automatic summary, original reduced by 74%.
Microsoft wants financial companies to host their blockchain software inside Azure.
The flurry of interest in blockchains is inspired by the way the software behind Bitcoin verifies and logs transactions.
Banks want their blockchains to record not bitcoins but transactions in conventional financial assets, such as currencies, bonds, or derivatives.
Microsoft's blockchain as a service also makes it easy to experiment with different takes on the technology as companies try to figure out what it's good for, says Gray.
Still, to get beyond just experiments-and for Microsoft's blockchain platform to become a significant source of income- this new approach will need to become as useful and reliable as more conventional approaches to managing corporate data.
"We should be comparing ourselves with other infrastructure companies like the Oracles and SAPs of the world," says Chris Finan, CEO of Manifold Technology, which is testing its blockchain software with partners including the Royal Bank of Canada, and which is also a partner on Microsoft's blockchain platform.
Summary Source | FAQ | Theory | Feedback | Top five keywords: blockchain#1 software#2 Microsoft#3 Bank#4 more#5
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Microsoft Bets That Bitcoin-Style Blockchains Will Be Big Business

This is an automatic summary, original reduced by 74%.
Microsoft wants financial companies to host their blockchain software inside Azure.
The flurry of interest in blockchains is inspired by the way the software behind Bitcoin verifies and logs transactions.
Banks want their blockchains to record not bitcoins but transactions in conventional financial assets, such as currencies, bonds, or derivatives.
Microsoft's blockchain as a service also makes it easy to experiment with different takes on the technology as companies try to figure out what it's good for, says Gray.
Still, to get beyond just experiments-and for Microsoft's blockchain platform to become a significant source of income- this new approach will need to become as useful and reliable as more conventional approaches to managing corporate data.
"We should be comparing ourselves with other infrastructure companies like the Oracles and SAPs of the world," says Chris Finan, CEO of Manifold Technology, which is testing its blockchain software with partners including the Royal Bank of Canada, and which is also a partner on Microsoft's blockchain platform.
Summary Source | FAQ | Theory | Feedback | Top five keywords: blockchain#1 software#2 Microsoft#3 Bank#4 more#5
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

COVID-19, Blockchain, and the Global Startup Scene - #39 ... Cryptocurrency: Virtual money, real power and the fight ... Week in Review - Ep 2, Blockchain Use Cases During COVID19 Bitcoin: How the Blockchain and Gold Can Work Together Cruise Ship, Coronavirus and Changing the World with Blockchain

Bitcoin remains the most notable implementation of Blockchain technology. However, Bitcoin’s throughput is limited to only seven transactions per second. Manifold’s high-performance platform is able to handle over 10,000 transactions per second in operational environments, surpassing even the largest credit card companies which max out between 2,000 and 8,000. Steve: Welcome to Manifold. Appologies for the audio in today’s episode. Corey and I are locked down in our homes because of the coronavirus. We’re not in our usual studio and so the audio may not be up to its usual standards, but I hope you enjoy the episode. Steve: Our guests today are Kieren James-Lubin and Victor Wong of BlockApps. And today, we’re going to talk about blockchain, and ... Bitcoin, Blockchain. Bitcoin, Blockchain. Most business transactions involve not just the buyer and the seller, but also a number of intermediaries. Intermediaries are typically “go-between” actors such as bankers, lawyers, shippers, brokers or wholesalers. It may also be useful to look at classifying these between those that are truly intermediaries to the transactions and those that ... manifold activities within the community have led to substantial progress in the blockchain realm: While Bitcoin only has limited features, novel blockchain implementations which provide more sophisticated functionalities arise continually. These technological advances improve the cryptocurrency itself, e.g., by adding multi- signature support to Bitcoin, or by creating forks, which adapt some ... Blockchain start-up Manifold Technology announced today (29 November) the release of the Manifold Platform at the Blockchain for Wall Street conference in New York City. Manifold said its blockchain platform can handle more than 10,000 transactions per second in operational environments, surpassing

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COVID-19, Blockchain, and the Global Startup Scene - #39 ...

Steve and Corey talk to Kieren James-Lubin and Victor Wong of the blockchain technology startup, BlockApps. They begin with a discussion of the COVID-19 epid... This webcast highlights ways in which Blockchain technology is making significant inroads in the medical field. Skip navigation Sign in. Search Close. This video is unavailable. In the case of bitcoin specifically, the blockchain ensures that only the bitcoin’s owner can make a transaction with his bitcoin, that the same bitcoin cannot be created manifold. In this ...

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