Friday, November 9, 2018

Fistful of Dollars — a Crypto parable

“When a man’s got money in his pocket he begins to appreciate peace.” –The Man with No Name, from A Fistful of Dollars Even in the romantizations that fill books and films, the Wild West was often not the best place to be.

Take the little bordertown of San Miguel in the famous spaghetti western A Fistful of Dollars, run by two competing bands, the Baxters and the Rojos.

In the film, San Miguel isn’t just dangerous (although the body count reaches over 100 people) it’s also an especially difficult place for most people to earn a living, despite the widespread opportunity.

The Man with No Name (Clint Eastwood): Any town that sells guns and liquor has gotta’ be a rich one.

Silvanito: Not the town. Only those who buy and sell, and the bosses are the ones who clean up.

In the absence of real law and order, the strong push the weak around and take their profit. Thieves prosper, and the rest must accept the hazards of living outside of civilization.

The same could be said about the digital world of cryptocurrency.

Operating in seemingly jurisdictionless cyberspace, the infrastructure that supports the exchange, storage and liquidity of cryptocurrencies like Bitcoin fall prey to the same troubles as the lawless West.

This includes hackers stealing millions with impunity, exchanges closing accounts without warning, charging extortionate transaction fees, holding funds for multiple days before completing transactions, or even engaging in outright manipulations like insider trading.

Is it time to call in the law?

Or, another way of asking this could be: will the crypto ecosystem have any real value within a regulated framework?

For bandits like the Baxters or the Rojos, perhaps not, but for otherwise law-abiding citizens, regulations can have a very salutary effect.

After all, rules and regulations are there to protect the innocent and the weak from ‘might makes right’ corruption, cronyism, and theft.

That doesn’t mean arbitrary regulation by force of state is better than no regulation.

Arguably this attitude arises when governments are reacting to bad behavior, and causes fear that all actors should be thought of as suspect.

Take the recent announcement by crypto-enthusiast John McAfee:

Eastwood’s character in A Fistful of Dollars has the same reaction, despite his role in taking down the bad actors of San Miguel, when government authorities are due to arrive.

Eastwood: Mmh. Well, guess your government will be glad to see that gold back.

Silvanito: And you? You don’t want to be here when they get it, eh?

Eastwood: You mean the Mexican government on one side? Maybe the Americans on the other side? Me right smack in the middle? Oh no. Too dangerous. So long.

Silvanito: Adios.

To get the right mixture, regulatory bodies need to actively engage with the constituents their rules would affect. Those constituents ought to have a say in how the rules are made.

Cryptocurrency communities should be quite good at this, since the very protocols they use to engage in transactions (everything that makes up the blockchain) function as a set of rules requiring consensus, with actors voting on changes with their computing power.

How the West was won.

For good regulations to happen, crypto ecosystem players need to step up.

That’s why the exchange platform Sovren plans to work directly with UK authorities from the very beginning of development.

The goal is to create an exemplary set of rules that protect customers, no matter their size and clout.

The UK is a good place for this to happen, thanks to its financial hub status, protected by a stable common law framework, which guides UK regulators and serves to check arbitrary actions. What’s more, the UK is already considered one of the top 5 most friendly countries to cryptocurrency.

By working within this long standing framework, Sovren and the UK can create global standards amenable to the libertarian impulses of the crypto ecosystem while preventing the worst impacts of cyber lawlessness.

With good standards in place, companies can feel confidence about accepting crypto-payments and trading crypto assets.

Only through this door can crypto truly enter the mainstream.

LEARN MORE BY GOING TO HTTPS://SOVREN.APP



[Daily Discussion] Saturday, November 10, 2018

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[Daily Discussion] Saturday, November 10, 2018

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Bitcoin ETF Could Attract Billions in New Investment: VanEck (current BTC/USD price is $6426.40216962)

Latest Bitcoin News:

Bitcoin ETF Could Attract Billions in New Investment: VanEck

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Saturday, November 10, 2018

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"Seedbox" recommendation for "weird" user that is me

So a week ago I'm trying to look for a "seedbox" which satisfies my somehow "weird" requirements. Instead of listing them one by one, I'll just answer the recommendation guide:

  • What is your budget per month? Max $40 per month
  • How much disk space do you need? 500 GB minimum
  • Are you looking for shared or dedicated seedbox? Either true dedicated or "dedicated"-type VPS (preferred true dedicated)
  • Particular uses, streaming? VPN? One-click ease? Racing? Total control of everything (root access), Long-term seeding

  • Location (yours and/or the vendors)? Don't care
  • Particular speed? 100Mbps minimum
  • Do you use public trackers extensively? Yes
  • How much experience do you have with seedboxes, linux, and alike? Know much almost everything
  • Particular payment methods the vendor needs to accept: bitcoin, paypal, paysafecard, Turkish Lire? Bitcoin, Monero or any much popular cryptocurrency.
  • Particular content: Games, TV shows, Anime; Movies; Remuxes; the oeuvre of Fatty Arbuckle? Majority of it is Anime
  • Using problem-some trackers like public ones or challenging trackers like RED and CHD? Probably. I'm using nyaa as first search&download if I'm looking for anime content and immediately stop after finishes downloading (exception is low-seed torrents), and only use private tracker as a last resort. Also long-term seeding on my favorites I found on private tracker.
  • Any idea on how much bandwidth you need a month? 1TB; 3TB; 30TB? In my tests I can only reach about 1TB per month both ways
  • Other more unique requirements? Root access as I said above

TL;DR - I'm just basically ask here to recommend me a storage [VPS, dedicated server] that allows torrent usage and accepts Bitcoin or other popular cryptocurrency.

Edit: fixed conflicting answer, spelling, add preference.



[Daily Discussion] Saturday, November 10, 2018

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[Daily Discussion] Saturday, November 10, 2018

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[Altcoin Discussion] Saturday, November 10, 2018

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Which VPN's are best for getting around GeoBlocks?

Private Internet Access

PrivateInternetAccess BEST PRICE TO VALUE RATIO
Url: http://pia-vpn.com
Pricing: From $3.33 Per Month
Supported Devices: All devices are supported, with many guides on-site for installation.
VPN Countries: 3272+ Servers in 25 Countries
Payment Method: Bitcoin , Zcash , PayPal, Amazon Pay, OKPay, Mint, Mobiamo.
No Logging Verified By: In 2015 the provider was subpoena'd by the FBI. PIA Failed to produce any logs
Rating: 9/10.
Other: For $3.33 per month this is the best value you will get.

Perfect Privacy

PerfectPrivacy BEST PICK IF YOU HAVE THE MONEY TO SPEND
Url: http://perfect-privacy.com
Pricing: From $9.99 Month
Supported Devices: All devices are supported, with helpful support teams available if needed
VPN Countries: 24 Countries to choose from
Payment Method: PayPal, Bitcoin, Credit Card
No Logging Verified By: In 2016 the Rotterdam police seized 2 of Perfect-Privacys servers. No logs were obtained.
Rating: 10/10.
Other: This VPN is a bit more expensive than PIA, although this means the speed of the servers are a bit higher. The tech department of Perfect-Privacy is also a few steps ahead, with the ability to route through 4 different countries to obtain ultimate anonymity, browse onion links natively and customizable firewall & port forwarding.

NordVPN

NordVPN ------------------
Url: NordVPN.com
Pricing: From $3.72 Month
Supported Devices: All devices are supported, with many guides on-site for installation.
VPN Countries: 62 Countries to choose from
Payment Method: PayPal, Bitcoin,, Credit Card.
No Logging Verified By: N/A UNVERIFIED
Rating: 8/10.
Other: *NordVPN has one of the best user experiences out of the VPN's we have used. But because we cannot verify it's no-log status we have given it an 8/10. *

TorGuard

TorGuard ------------------
Url: https://torguard.net
Pricing: From $4.99 Month
Supported Devices: All devices are supported, with many guides on-site for installation.
VPN Countries: 15 Countries to choose from.
Payment Method: PayPal, Bitcoin, Litecoin & Other Crypto, Paymentwall, Credit Card.
No Logging Verified By: N/A UNVERIFIED
Rating: 6/10.
Other: This VPN is currently UNVERIFIED due to some reports from our users saying they have received infringement notices for torrenting from Comcast whilst using the VPN, leading us to believe they keep logs. Be wary of TorGuard for now.

This is a work in progress, if you are interested in helping please note your suggestions below!



[Daily Discussion] Saturday, November 10, 2018

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[Daily Discussion] Saturday, November 10, 2018

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Exclusive: Rothschilds Not Involved in IMMO Foundation Blockchain Project

bitseven.com - It looks like there has been considerable speculation over the world’s wealthiest family’s involvement in the crypto space after several rumors that the Rothschilds were involved in some sort of huge blockchain project.
Word had been flying around with luminaries such as Vitalik Buterin stating on Reddit that: “Are ‘the Rothschilds’ even well-coordinated enough to be worth caring about as a group these days?” Buterin raised the issue as cryptocurrency enthusiasts were discussing the opaque IMMO blockchain project the banking dynasty is reportedly investing in.

In the recent turmoil surrounding the Bitfinex exchange, it turned out that one of the ‘whale’ wallets was associated with IMMO. Speculation was rife at the time that the Rothschilds were involved in the IMMO foundation.

But this appears not to be the case accordingly to an exclusive interview with IMMO Evangelist Gabriel Brack.

Brack who was speaking on behalf of the IMMO Foundation, said that the rumors surrounding the Rothschilds involvement in the creation of the cryptocurrency project IMMO are absolutely groundless.

"I can say unequivocally that the involvement of the Rothschild family in the creation of IMMO is purely speculative," said Brack, “we do not want the community to disseminate information that is known to be false. Speculations about the project are completely out of control, it's time to put all the rumors to rest" added the IMMO Evangelist.

Gabriel Brack, long time Trustee and Protector of the Rothschild Family trusts, worked at the Rothschild group from 1988 to 2008. For more than 10 years, Gabriel worked as General Manager at the Family Office Baron Benjamin de Rothschild in Geneva. With extensive experience in the field of Capital Management, he successfully managed various investment portfolios & funds.

Today, Gabriel Brack is the CEO at Watamar Asset Management AG and is among the first Evangelists of the crypto- community - IMMO High1000. Gabriel believes that it was his past experience as General Manager in the Rothschild Family Office that was the reason that some people assumed the possible connection of the Rothschild dynasty with IMMO. As a result, multiple rumors and speculations escalated around the project.

The cryptocurrency community quickly caught up with the rumors: in social networks and forums, there was an active discussion of the relationship of the banker’s dynasty and the new cryptocurrency company. This led the IMMO riddle to grow even stronger. One of the users, for example, suggested that with the help of IMMO the world elite will establish total control over finances and all cash flows of the world.

Obviously, the birth of such "predictions" is associated with an increased interest in conspiracy theories. After all, conspiracy theories help people find at least some sense in the world around them, where they cannot control what is happening.

It is noteworthy that IMMO hasn’t made any official statement until today. Lack of information has caused rumors to rise around the project.

"The cryptocurrency market is undergoing a crisis of trust, and this is primarily due to the fact that crypto-projects create a lot of hype, but do not fulfill their promises. The transformation of the market has led to the fact that investors have become more selective in relation to blockchain-start-ups. A strong and experienced team, and a viable and well-developed product – that's what serious investors are paying attention to today," said Gabriel.

The IMMO chose ‘a closed door policy’ and, perhaps for this reason, the information vacuum began to be filled with speculations and outright assumptions. Recently there have been accounts that the Rothschilds held a closed event in Tokyo.

“IMMO has been conducting closed meetings because the Partner Sale has begun for privileged clients. However, there is nothing secret about that.”

Although the operation of IMMO is still shrouded in mystery, these vehement denials by Brack do seem to indicate that the Rothschild’s are not involved in blockchain – at least for now.

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[Daily Discussion] Saturday, November 10, 2018

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Welcome to Bitcoin Kit!

Welcome to Bitcoin Kit. We run a website in the Bitcoin/crypto space where we provide free cryptocurrency-based tools and guides. This subreddit is to give you a platform to request new features on our website, or just leave feedback.

Our website is: www.bitcoinkit.com

Some of our tools:



[Daily Discussion] Friday, November 09, 2018

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Bit what? Bitcoin! A comprehensive guide about the very first blockchain, the history of its emergence, its technological foundations and the societal ramifications



Bit what? Bitcoin! A comprehensive guide about the very first blockchain, the history of its emergence, its technological foundations and the societal ramifications /r/Bitcoin

https://www.reddit.com/r/BitcoinAll/comments/9vpejh/bit_what_bitcoin_a_comprehensive_guide_about_the/?utm_source=ifttt

Bit what? Bitcoin! A comprehensive guide about the very first blockchain, the history of its emergence, its technological foundations and the societal ramifications /r/Bitcoin

https://www.reddit.com/r/Bitcoin/comments/9vpehb/bit_what_bitcoin_a_comprehensive_guide_about_the/

[Daily Discussion] Friday, November 09, 2018

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[Daily Discussion] Friday, November 09, 2018

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BAT Community Weekly Update: 11/02/2018 to 11/08/2018 — AMA with Brian Brown (CBO), Brave calls for a “United States GDPR” in letter to the NTIA, Brendan Eich on “What Bitcoin Did” podcast, Presentation by David Temkin (CPO) at SOCAP18 (video)

Welcome to this week's BAT Community Update! Big thanks to u/MurphD for his contributions!

Upcoming AMA with Brian Brown, Brave’s Chief Business Officer

Brian Brown is Brave’s Chief Business Officer. As CBO, he leads the Business Development team in growing the BAT platform by building partnerships with companies that may benefit from BAT & Brave.

You can leave your questions for Brian in the Reddit thread linked. Questions will be collected, vetted and posted by your host, u/CryptoJennie, while the event is live (with credit to the OP). Questions that come in on the day of as comments in the live AMA thread will be of second priority.

See you there!

https://www.reddit.com/r/BATProject/comments/9vnlcq/upcoming_ama_with_brian_brown_braves_chief/

Brave calls for a “United States GDPR” in letter to the National Telecommunications and Information Administration

Brave's letter makes the case for federal privacy law that builds on the GDPR, to protect innovation, interoperability, and support US leadership.

This letter is Brave’s response to an invitation to comment from the US National Telecommunications and Information Administration (which is part of the US Department of Commerce. It argues that the United States should adopt a GDPR-like standard and establish world-leading enforcement expertise. It presents several lines of reasoning, which you can read in the letter here:

ttps://brave.com/ntia-federal-privacy-law/

Brendan Eich on What Bitcoin Did podcast: "Fixing Online Advertising with Brendan Eich”

In this interview, Peter McCormack talks with CEO and President of Brave, Brendan Eich about his rich history in tech, why he built the Brave browser and some of the controversies around the token. https://www.whatbitcoindid.com/podcast/braves-brendan-eich-on-fixing-online-advertising

VIDEO: Great presentation by David Temkin, Brave's Chief Product Officer at SOCAP18

David Temkin‏ @davidtemkin I recently gave a presentation at the @SOCAPmarkets conference in San Francisco on the topic "Challenging Surveillance Capitalism". It summarizes what we're up to here at @brave: 1:09 PM - 7 Nov 2018

https://twitter.com/davidtemkin/status/1060278042445066240

VIDEO: Brave Attends Cal Hacks 5.0 at UC Berkeley!

On November 2-5 2018, members from the BAT/Brave team attended Cal Hacks 5.0, the world's largest collegiate hackathon, at UC Berkeley, for which Brave was an official sponsor! Several teams of hackers competed to build the best Brave browser extension in order to win one of Brave’s awesome prizes, like a MacBook, iPad, or Nintendo Switch (Fortnite Edition).

All in all, It was a fantastic weekend where members from the BAT/Brave team got to interact with hundreds of students one on one and teach them about the project!
https://www.reddit.com/r/BATProject/comments/9uposy/video_brave_bat_at_cal_hacks_50_from_november_24/

See our Cal Hacks photo album, here: https://imgur.com/a/J8hQDOS

BAT Community Merch Giveaway Winners!

The winners for our BAT Community Daily Merch Giveaways for this week are:

  • Monday (Reddit): u/AuGKlasD
  • Tuesday (Twitter): @groovingraphs
  • Wednesday (Facebook): Mark O'Sullivan
  • Thursday (Contributor special): u/mentalhealth57
  • Friday (Instagram): stackmetals

Click here to see pics of previous giveaway winners rocking their BAT/Brave merch!: https://imgur.com/a/lhF1G9I

Be sure to tune in to our social media channels every Monday, Tuesday and Wednesday and Friday to participate in our daily merch giveaways for your chance to win!

Client Updates:

Brave releases Beta Channel v0.57.6:

https://github.com/brave/brave-browser/releases/tag/v0.57.6

Brave releases Release Channel v0.56.12:

https://github.com/brave/brave-browser/releases/tag/v0.56.12

Brave Team Tweets:

Update on monthly active users happening soon?

BrendanEich @BrendanEich Still working on it, had some Android accounting issues. Should be ~5M, more next week. 11:12 PM - Nov 3, 2018

Sampson is very happy where he is now. :)

Sampson | brave.com @BraveSampson I am so thankful to have a role in what @Brave is accomplishing. This week I spoke on a blockchain, security, and privacy panel. I followed that up with a Reddit AMA. Then I spent 3 days at UC Berkeley, encouraging students to build a safer, more secure web. Could not be happier! 2:26 AM - Nov 5, 2018

Future goals for Brave!

BrendanEich @BrendanEich Goal for 2019 is to get on-platform volume up as percentage of all volume, see how many users we can bring on board, get ad deals paying. If that comes together then BAT SDK and more apps. 6:18 PM - Nov 5, 2018

Johnny Ryan tweets about his letter to the US National Telecommunications and Information Administration and outlines in a seven part tweet what should be done and how.

Johnny Ryan‏ @johnnyryan I just wrote to @NTIAgov the US National Telecommunications and Information Administration @CommerceGov to share @Brave's view that there should be a #GDPR for the United States to protect innovation and interoperability - and to protect #privacy. Nov 6

Sampson trying to see how “Brave” Elon Musk is...

Sampson | brave.com @BraveSampson @elonmusk If you're in the market for a new browser for your cars, I'd encourage you to check out what we're building at @brave. We cut out ads and trackers (accounting for more than 50% of mobile data), making us up to 8x faster than others 📷 7:13 PM - Nov 7, 2018

Hmmm… Possible use case for BAT?

Sampson | brave.com @BraveSampson What if your ride-sharing app offered you a few private commercials or ads to subsidize your trip? Ride comes out to $7, but you watched 3 ads en route. You can apply the $BAT to your ride, tip your driver, add it to a friend's account, or let it accumulate later use. 📷 7:29 PM - Nov 7, 2018

Brian R. Bondy @brianbondy Had a great time last night sharing my @brave story at #YQGTALKS in Windsor. Photo credit @snapdWindsor 8:43 PM - Nov 7, 2018

Sampson gives some tipping tips, plus sys Youtube tipping is coming soon.

Dave Craige📷 @davecraige @BraveSampson quick question, is there any way I could give away $5 in $BAT today to a YouTuber?

@BrendanEich said I should ask you.

Sampson | brave.com @BraveSampson You could pin a contribution to their channel, but it won't be $5 exactly. Alternatively, if they have a blog or website you can leverage the new Tipping feature to give a one-off contribution of 1, 5, or 10 BAT. We'll support one-off Tipping for YouTubers soon. 9:22 PM - Nov 7, 2018

Great question on Reddit: When I send a tip, how does that website, YT Channel, ect ect get the money and do they get the full 100% of the tip?

See the answer here: https://www.reddit.com/r/BATProject/comments/9umpj3/when_i_send_a_tip_how_does_that_website_yt/

User to user referrals coming?

Brendan Eich @BrendanEich User to user referrals are on plan, and then you will have a dashboard that gives you both creators you support and your referral code and stats. 1:02 AM - Nov 8, 2018

Brave = Can’t be evil.

Lance Leonard @FluentTypo Replying to @BraveSampson But can you tell me that ads, today, aren't tracked? Even BATs?

I'm very dubious about that...and, even though we've thrown Flash/Silverlight to the winds, you know where my advocacy comes from.

DNT.

Let users choose whether they're part of the game...or _not_.

Sampson | brave.com @BraveSampson Oh, today's ads are most certainly tracking you. They're auctioning you off to the highest bidder in most cases.

Brave Ads won't, and can't. It's a design principle—"Can't be Evil." 4:33 AM - Nov 8, 2018

News You Should Know:

Google Chrome’s Users Take a Back Seat to Its Bottom Line

Google Chrome is the most popular browser in the world. Chrome routinely leads the pack in features for security and usability, most recently helping to drive the adoption of HTTPS. But when it comes to privacy, specifically protecting users from tracking, most of its rivals leave it in the dust.

In the documents that define how the Web works, a browser is called a user agent. It’s supposed to be the thing that acts on your behalf in cyberspace. If the massive data collection appetite of Google’s advertising- and tracking-based business model are incentivizing Chrome to act in Google’s best interest instead of yours, that’s a big problem—one that consumers and regulators should not ignore.

https://www.eff.org/deeplinks/2018/11/google-chromes-users-take-back-seat-its-bottom-line

KYC is our friend, a four-part twitter thread from Ami Ben-David:

https://twitter.com/amibendavid/status/1059135135273181184

Privacy Group Asks European Regulators To Test GDPR Against Seven Tech Companies (Featuring Brave’s Johnny Ryan!)

Privacy advocates in the UK filed a series of complaints Thursday against Criteo, Tapad, Quantcast, Acxiom, Oracle, Equifax and Experian, questioning whether consumer profiling is legal under GDPR.

Watchdog group Privacy International is claiming that the way many ad tech and data companies use data is in direct contravention to Europe’s new privacy law. The group is urging regulators in the UK, Ireland and France to use those seven companies as test cases for whether GDPR really has teeth in practice.

https://adexchanger.com/privacy/privacy-group-asks-european-regulators-to-test-gdpr-against-seven-tech-companies/

Roaring Fans:

Smart usage of Brave!

Dean Jones 😳 👌‏ @whodeani Replying to @BraveSampson @keranm and 3 others It works. I use Brave for watching Youtube... even via my Apple TV using Airplay (as using the Youtube app on Apple TV is riddled with advertising). 11:19 PM - 5 Nov 2018

Check out this thread about why Jan Weisensee switched from Firefox to the Brave browser in this thread.

https://twitter.com/ilumium/status/1059482154730733569

Reddit user /u/amoebatron makes the switch to Brave!

https://www.reddit.com/r/BATProject/comments/9vhtip/thankyou_brave_and_thankyou_bat_ive_just_made_the/

Brave users pushing out tips!

Dave Craige📷@davecraige @crypto_bobby just gave you $3.30 USD with @brave! Thanks for all your great content. Lemme know if you get it. 7h

CryptoKid @bitcoinkarate There is a lot of hate against $BAT and @brave that I have seen recently.
This team has one of the FEW working products in our space. They continue to strive and push their vision update after update. 1:32 AM - 8 Nov 2018

Edouard Civel @Edouard_Civel #BetterLateThanNever I switched today my browser and my web search engine to @brave & @Qwant_FR :faster web, safer privacy and fewer ads. Go for it folks ! 2h2 hours ago

Disclaimer: Brave cannot prove this is a real alien, but it’s possible.

ΛᄂIΣП‏ @AlienThatTweets If you haven't already I reccomend that you download and use @brave such a great software. 📷 8h8 hours ago

Rob Carroll‏ @thevideoanalyst Have been using the @brave browser for about a week now. These stats are something. 14h14 hours ago

Crypto Coup‏ @CryptoCoup Replying to @BitcoinBirch Use @brave browser. I haven’t seen an ad in about a year. 15h15 hours ago


[Daily Discussion] Friday, November 09, 2018

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[Daily Discussion] Friday, November 09, 2018

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Other ways to interact:


If I set up bitcoin to use Tor does it use Tor for outbound connections only?

If I set up Tor following this guide, https://medium.com/@lopp/how-to-run-bitcoin-as-a-tor-hidden-service-on-ubuntu-cff52d543756 which means I do not add ANY extra configuration to my bitcoin.conf file, will Tor be used?

If so, is it only used to make outbound connections? Will inbound connections still be allowed?



[Daily Discussion] Friday, November 09, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Key events around China banning/unbanning Bitcoin

Recently many posts have been made around China & Bitcoin, some saying it's banned and some saying it isn't. To clear up confusion we've put together an article listing related events in 2017/2018:

https://www.bitcoinkit.com/guides/china-bitcoin-ban-explained

We'd welcome any feedback on this article if you think we missed something, made a mistake or were too biased.



[Daily Discussion] Friday, November 09, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Key events around China banning/unbanning Bitcoin /r/Bitcoin

https://www.reddit.com/r/BitcoinAll/comments/9vmfyy/key_events_around_china_banningunbanning_bitcoin/?utm_source=ifttt

🚀I Think you know the in's-and-out's of bitcoin? Test yourself on Bitcoin’s✔️

✅history, technology and politics:✔️

☑️A Leading Club with Inspiring Trips and Events✔️

✅For more information Visit AWAX✔️

✒️🔎 https://bounty.awax.co.uk/ ✔️

#Bitcoin #blockchain #cryptocurre


🚀I Think you know the in's-and-out's of bitcoin? Test yourself on Bitcoin’s✔️

✅history, technology and politics:✔️

☑️A Leading Club with Inspiring Trips and Events✔️

✅For more information Visit AWAX✔️

✒️🔎 https://bounty.awax.co.uk/ ✔️

#Bitcoin #blockchain #cryptocurre


🚀I Think you know the in's-and-out's of bitcoin? Test yourself on Bitcoin’s✔️

✅history, technology and politics:✔️

☑️A Leading Club with Inspiring Trips and Events✔️

✅For more information Visit AWAX✔️

✒️🔎 https://bounty.awax.co.uk/ ✔️

#Bitcoin #blockchain #cryptocurre


Norway the odd country out.

Despite having some good universities, scientists and a strong private research in many fields, the Norwegian society is surprisingly lagging behind in many aspects.

One such weird situation was with the color TV, which many Norwegian citizens opposed.

https://translate.google.com/translate?sl=no&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Fwww.nrk.no%2Fkultur%2Fnrk-75-ar-1.6071482&edit-text=

Norway was the last country in Europe to adopt color TV in 1972, and it was so bad that after color TV started to be the norm, the state TV company (NRK), actually removed the colors from the broadcasts before they were sent. Unfortunately something that led to an improvement in this situation was the fact that some sports event was sent directly, and NRK did not have the tools at their disposal to remove the colors quickly enough.

Norwegian Leif Osvold is famous for thinking the Internet would flop. Read his writings from 1996-

https://translate.google.com/translate?hl=en&sl=no&tl=en&u=https%3A%2F%2Fwww.ha-halden.no%2Fytring%2Fdavid-aleksandersen%2Fsignert%2Finternett-er-en-flopp%2Fo%2F5-20-166953

Today we have the same situation, only with bitcoin, lots of negative people around. Esp. politicians and regulators.


Key events around China banning/unbanning Bitcoin

Recently many posts have been made around China & Bitcoin, some saying it's banned and some saying it isn't. To clear up confusion we've put together an article listing related events in 2017/2018:

https://www.bitcoinkit.com/guides/china-bitcoin-ban-explained

We'd welcome any feedback on this article if you think we missed something, made a mistake or were too biased.


Key events around China banning/unbanning Bitcoin /r/Bitcoin

https://www.reddit.com/r/Bitcoin/comments/9vmfyi/key_events_around_china_banningunbanning_bitcoin/

[Daily Discussion] Friday, November 09, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


Trade Pharma Network

Trade Pharma Network is a EU-licensed brokerage platform and an international pharma-centric marketplace of choice for buyers & sellers performing routine transactions of medicines. Our Artificial Intelligence (AI) driven platform uses powerful AI algorithms to enable efficient search & digital matchmaking between our key stakeholders but also Blockchain as we envision a future where every physical medicine has a digital history, allowing our users to trace and verify its origins, attributes and ownership to fight efficiently against counterfeit medicines, in Europe & Worldwide. We are also providing a full suite of services that facilitate information exchange, communication and transactions between pharma and healthcare institutions.

Rather than be curious about a very profitable project, please read the article I wrote below:
The first time I heard about Bitcoin is in 2010, where the price of Bitcoin is still about 10 cents (US Dollar). At that time, I have not invested. Then I re-read about cryptocurrency in 2015, when Bitcoin price has reached about 200 US Dollars. Again I did not invest. At that time, it was very difficult to find a guide about cryptocurrency. None of my friends has or understands how Blockchain or cryptocurrency works. I decided to write this guide to help you start investing in the blockchain world.
Here I will introduce to you a platform that will help you to who want to invest in cryptocurrency, that is Trade Pharma Network. There are many people who do not know how to start investing in cryptocurrency, or simply do not have the time and energy to do it. Trade Pharma Network will handle all these needs for you who want to invest.
By utilizing Blockchain technology, Trade Pharma Network certainly wants to give full trust to users of this platform. Because with Blockchain technology, all transactions and data storage are secure because they are replicated across the blockchain network so that to change one data the hacker must also change the same data across all other user's computers at the same time. This is very unlikely to be done. Blockchain is like a big book where all transactions are transparent and can be checked by everyone so as to ensure credibility.

#Marketplace #Trading #Medicines  #ArtificialIntelligence #Blockchain #TokenSale #TradePharmaNetworkICO



The Bitcoin Cash Hash-War is Good

Crypto governance has manifested itself throughout the crypto world in various ways. We have had various implementations of Proof of Work (PoW) and Proof of Stake (PoS), amongst many other innovative means of achieving consensus.

We all talk about consensus; but what is the point of consensus? Many people within crypto regard “consensus” to be as high in importance as “decentralization.” Very few people have a clear reason as to why consensus is important.

From the Anarcho Capitalist perspective, consensus is the building towards a greater market environment where the greatest value for all participants is constantly sought after.

We have seen many reasons and understandings of the term “consensus.” Socialist and communist tendencies have been sought after under the guise of “consensus.” We have also seen the benefit of various different groups of central planners dubbed as “consensus.” Crypto-consensus is both important in keeping the network of a coin secure, and in guiding it as it develops.

PoS models hold the producers of blocks accountable via the money that they have put up at stake. PoW models not only hold the miners in a similar form of accountability- for having a staked investment capital in the form of mining equipment- but the equipment itself commits the miner further to the success of the network. This is because mining equipment is not as liquid to an investor as money that is at stake.

Arguably, PoW is a higher commitment than PoS because your competition within PoW requires more investing. This higher commitment is signaled by the purchasing of specialized mining equipment. Upon getting this equipment, you still are not yet guaranteed blocks to mine- you must also compete constantly and consistently with other miners.

No crypto governance experimentation has been more important than that of Bitcoin’s PoW. Bitcoin’s crypto governance model has evolved in two main distinct directions since the fork of August, 2017, which created Bitcoin Core (BTC) and Bitcoin Cash (BCH).

Within BCH development, upgrades are done via hard forks. This does not necessarily mean that a new coin is to be created during each BCH upgrade. Although this is possible, this is a risk the entire community takes. Along with this risk, the community has also been open to the possibility of a contentious hard fork. This is where competing implementations are vetted and chosen within the BCH market.

Unlike other BCH upgrades, the scheduled BCH hard fork of November 15, 2018 has the potential of ending up in an actual split into two competing chains. This stems from a disagreement in the code between nChain and Bitcoin ABC. The prevailing thought has been that the majority of the community would follow Bitcoin Unlimited, since its game plan has been to act as the mediating implementation between the upgrades nChain and Bitcoin ABC.

On August 16, 2018, nChain unveiled a new Bitcoin Cash full node implementation called Bitcoin SV, at the request of the miners and the mining pool Coingeek. Bitcoin SV will implement 128mb blocks, remove the 201 limit op-code per script, and will restore original Satoshi op-codes.

Bitcoin ABC was the first software to implement Bitcoin Cash’s on-chain scaling. Their two-prong approach is to eliminate immediate implementation bottlenecks to increase the blocksize limit. On November 15 they plan to layout the technical groundwork for massive future on-chain scaling. The ABC team claims that the protocol needs this technical groundwork, that they want to first implement, before scaling to 128mb per block.

Many individuals throughout Bitcoin’s history have aimed at preserving the capitalist purity of Satoshi’s design. There are many others that do not desire this. For the most part, these individuals don’t understand free market economics. Not understanding market economics has led many actors within crypto to waste their time experimenting without any guiding understanding.

Statists are not comfortable with the idea of Spontaneous Order. Statists are also not comfortable with thesimple idea of human persons being completely free in a radical free market. People that are not comfortable with laissez faire become anxious and controlling. We have seen this phenomena manifest itself various times throughout the development of various cryptocurrencies.

As we look at different scaling options within crypto, it is important to examine the economic motivations behind these initiatives. While examining these options, it is important to always champion the market, competition, and creativity. If we don’t do this, the otherwise free market of crypto could be co-opted by anti laissez faire initiatives.

The BTC/BCH fork is a good example of a fork that resulted because of differing philosophical perspectives on scaling. This fork resolved its philosophical dispute by splitting into two different communities, coins, blockchains, and economies. The Bitcoin community at the time had the means of allowing the market to decide what was the best implementation for bitcoin to scale, which would have avoided the split. Anti-market actors within Bitcoin prevented this from occurring.

On the BCH side of that fork, it was held that miners are crucial in determining the direction of Bitcoin development. This is because miners have the most to gain and the most to lose in Bitcoin. The miner’s wellbeing is align with the wellbeing of the market. You can trust that the miners will always choose to support the implementation that is most beneficial for everyone in the market. For BCH, the only true Bitcoin node is a miner.

The BTC community considers other user nodes to also be true nodes, not just the miners. For BTC, miners don’t have a place in determining crypto governance. This anti-mining stance resides in fear of mining centralization. It is important to point out that mining centralization, if it were to ever be an issue, would affect miners the worst. This is because an ineffective centralized blockchain would disincentivize investment into the blockchain that miners are already invested in.

For the BTC community, the core developers are seen as the guides for disputes and consensus not the miners.

This is one of the BTC motivations for scaling unto a second layer like the Lightning Network (LN), where miners are barely necessary for transactions. LN hubs are proposed as true Bitcoin nodes. Consensus is determined by agreement of the BTC core developers. As time goes on, mining on the BTC blockchain is planned to decrease. Transaction fees for on-chain BTC settlement are expected to be very expensive in the future. The BTC community and core developers justify this as the proper price you pay for moving around “digital gold.”

As a result of these drastic philosophical differences between BTC and BCH, both communities decided to fork and split unto their own ways. Miners simply mined the forked coin that they desired. This was possible because there was no registering of both new transaction histories unto both chains. That is, the BTC/BCH fork was a fork with replay protection. Replay protection means that the transactions of the two new coins do not register on both blockchains after a fork/split.

In other words, replay protection was what turned BTC and BCH into distinct coins with distinct software/rules. This resulted in two distinct blockchains right after the fork. Replay protection created two coins, BTC and BCH, that now compete with one another in the open market.

Contrary to the BTC/BCH fork, the BCH fork of November 15, 2018 will be one without replay protection. In not having replay protection, the winner of this coming fork will be decided by market forces built within the Bitcoin protocol. This is what we refer to as a hash-war. It’s a hash-war because the miners will decide which implementation is most profitable for both the BCH market and themselves as miners.

Many within the BCH community view miners as the preferred party for dispute resolution. This is because a hash-war is a market driven transition that will eventually lead to the re-unification of the BCH community. That is, the community wants the miner’s to objectively signal the use of the implementation that is most profitable for the entire BCH community. The profit driven crypto-governance of the miners is part of what is known as “The Nakamoto Consensus.”

It is important to reiterate that miners, unlike entrepreneurs and developers, have the most to lose within BCH. Their entire investment- their mining equipment- is manufactured with the sole purpose of mining BCH. A miner’s profit or loss is intrinsically tied to the state of the entire BCH network. It is counterproductive to a mining operation that they mine any software/rule that is not in line with what is best for the entire network.

Miners hold the network together because they were designed as the impartial profit seeking entities within Bitcoin. So for the BCH fork, miners will simply aim their computers towards that software/rule which is most profitable.

Since the BTC/BCH fork, BCH has gradually become more profitable for miners to mine than BTC. We expect this trend to speed up once BTC enables the LN. The LN discourages transactions on the BTC blockchain. Once the LN is enabled, miners will only mine BTC on the opening and closing of LN hubs. Most BTC transactions will occur on the LN, as the BTC blockchain will by then only be a very costly settlement layer. In other words, once LN is enabled Bitcoin mining will mostly take place on the BCH blockchain, not the BTC blockchain. We can qualitatively speculate that the BCH blockchain will be the most, if not only, profitable blockchain for Bitcoin miners to mine.

The profit seeking competition between miners is what has for the most part been expected to resolve any BCH dispute, since before the BTC/BCH fork. That is, many within the BCH community welcome direct competition in figuring out what is best.

Some within BCH do not want this to be the case, they just want to create two distinct coins out of the fork- as it occured within the BTC/BCH fork. That is, they want to enable replay protection. Amongst this crowd we find Bitcoin ABC, Bitcoin.com, and Bitmain.

Unfortunately for them, nChain, CoinGeek, Bitcoin SV will not mine with replay protection. This will lead for all transactions to be registered in both blockchains. That is, ABC and SV will both be registered on the ABC blockchain and on the SV blockchain at the same time. The Bitcoin ABC camp can’t avoid not having replay protection. When one party goes without replay protection, all parties have to deal with the consequences of not having replay protection.

The implementation most profitable for miners will be the one that will also be able to hold both implementations the longest. For example, if both chains were to run parallel, any profitable advantage of one implementation over the other would be enough for miners to capitalize on its advantage and leave the other implementation behind. The most profitable implementation will be the dominant implementation on the BCH blockchain.

Many people within the BCH community are seeing not having replay protection as an attack by nChain, Bitcoin SV, and CoinGeek. Others see the desire of Bitcoin ABC, Bitcoin.com, and Bitmain to split into two coins also as an attack on the BCH network.

It is important not to take sides during a hash-war. The miners will decide what is best for everyone. Wallets will be ready to register all three blockchain transactions until the transitional hash-war passes; i.e., SV blockchain transactions, ABC blockchain transactions, and the unified non-replay protected blockchain.

Again, it is important not to take sides here as investors. The only side we should be taking is the side of the market. It is market that will discover what is best for itself by seeking for what is most profitable for the miners that secure the network. Profit seeking good. Miners were designed by Satoshi to capitalize by choosing what is best for the network. We expect for this hash-war to transition us into a more robust and profitable Bitcoin Cash.

By Rafael LaVerde

Source



The Bitcoin Cash Hash-War is Good

Crypto governance has manifested itself throughout the crypto world in various ways. We have had various implementations of Proof of Work (PoW) and Proof of Stake (PoS), amongst many other innovative means of achieving consensus.

We all talk about consensus; but what is the point of consensus? Many people within crypto regard “consensus” to be as high in importance as “decentralization.” Very few people have a clear reason as to why consensus is important.

From the Anarcho Capitalist perspective, consensus is the building towards a greater market environment where the greatest value for all participants is constantly sought after.

We have seen many reasons and understandings of the term “consensus.” Socialist and communist tendencies have been sought after under the guise of “consensus.” We have also seen the benefit of various different groups of central planners dubbed as “consensus.” Crypto-consensus is both important in keeping the network of a coin secure, and in guiding it as it develops.

PoS models hold the producers of blocks accountable via the money that they have put up at stake. PoW models not only hold the miners in a similar form of accountability- for having a staked investment capital in the form of mining equipment- but the equipment itself commits the miner further to the success of the network. This is because mining equipment is not as liquid to an investor as money that is at stake.

Arguably, PoW is a higher commitment than PoS because your competition within PoW requires more investing. This higher commitment is signaled by the purchasing of specialized mining equipment. Upon getting this equipment, you still are not yet guaranteed blocks to mine- you must also compete constantly and consistently with other miners.

No crypto governance experimentation has been more important than that of Bitcoin’s PoW. Bitcoin’s crypto governance model has evolved in two main distinct directions since the fork of August, 2017, which created Bitcoin Core (BTC) and Bitcoin Cash (BCH).

Within BCH development, upgrades are done via hard forks. This does not necessarily mean that a new coin is to be created during each BCH upgrade. Although this is possible, this is a risk the entire community takes. Along with this risk, the community has also been open to the possibility of a contentious hard fork. This is where competing implementations are vetted and chosen within the BCH market.

Unlike other BCH upgrades, the scheduled BCH hard fork of November 15, 2018 has the potential of ending up in an actual split into two competing chains. This stems from a disagreement in the code between nChain and Bitcoin ABC. The prevailing thought has been that the majority of the community would follow Bitcoin Unlimited, since its game plan has been to act as the mediating implementation between the upgrades nChain and Bitcoin ABC.

On August 16, 2018, nChain unveiled a new Bitcoin Cash full node implementation called Bitcoin SV, at the request of the miners and the mining pool Coingeek. Bitcoin SV will implement 128mb blocks, remove the 201 limit op-code per script, and will restore original Satoshi op-codes.

Bitcoin ABC was the first software to implement Bitcoin Cash’s on-chain scaling. Their two-prong approach is to eliminate immediate implementation bottlenecks to increase the blocksize limit. On November 15 they plan to layout the technical groundwork for massive future on-chain scaling. The ABC team claims that the protocol needs this technical groundwork, that they want to first implement, before scaling to 128mb per block.

Many individuals throughout Bitcoin’s history have aimed at preserving the capitalist purity of Satoshi’s design. There are many others that do not desire this. For the most part, these individuals don’t understand free market economics. Not understanding market economics has led many actors within crypto to waste their time experimenting without any guiding understanding.

Statists are not comfortable with the idea of Spontaneous Order. Statists are also not comfortable with thesimple idea of human persons being completely free in a radical free market. People that are not comfortable with laissez faire become anxious and controlling. We have seen this phenomena manifest itself various times throughout the development of various cryptocurrencies.

As we look at different scaling options within crypto, it is important to examine the economic motivations behind these initiatives. While examining these options, it is important to always champion the market, competition, and creativity. If we don’t do this, the otherwise free market of crypto could be co-opted by anti laissez faire initiatives.

The BTC/BCH fork is a good example of a fork that resulted because of differing philosophical perspectives on scaling. This fork resolved its philosophical dispute by splitting into two different communities, coins, blockchains, and economies. The Bitcoin community at the time had the means of allowing the market to decide what was the best implementation for bitcoin to scale, which would have avoided the split. Anti-market actors within Bitcoin prevented this from occurring.

On the BCH side of that fork, it was held that miners are crucial in determining the direction of Bitcoin development. This is because miners have the most to gain and the most to lose in Bitcoin. The miner’s wellbeing is align with the wellbeing of the market. You can trust that the miners will always choose to support the implementation that is most beneficial for everyone in the market. For BCH, the only true Bitcoin node is a miner.

The BTC community considers other user nodes to also be true nodes, not just the miners. For BTC, miners don’t have a place in determining crypto governance. This anti-mining stance resides in fear of mining centralization. It is important to point out that mining centralization, if it were to ever be an issue, would affect miners the worst. This is because an ineffective centralized blockchain would disincentivize investment into the blockchain that miners are already invested in.

For the BTC community, the core developers are seen as the guides for disputes and consensus not the miners.

This is one of the BTC motivations for scaling unto a second layer like the Lightning Network (LN), where miners are barely necessary for transactions. LN hubs are proposed as true Bitcoin nodes. Consensus is determined by agreement of the BTC core developers. As time goes on, mining on the BTC blockchain is planned to decrease. Transaction fees for on-chain BTC settlement are expected to be very expensive in the future. The BTC community and core developers justify this as the proper price you pay for moving around “digital gold.”

As a result of these drastic philosophical differences between BTC and BCH, both communities decided to fork and split unto their own ways. Miners simply mined the forked coin that they desired. This was possible because there was no registering of both new transaction histories unto both chains. That is, the BTC/BCH fork was a fork with replay protection. Replay protection means that the transactions of the two new coins do not register on both blockchains after a fork/split.

In other words, replay protection was what turned BTC and BCH into distinct coins with distinct software/rules. This resulted in two distinct blockchains right after the fork. Replay protection created two coins, BTC and BCH, that now compete with one another in the open market.

Contrary to the BTC/BCH fork, the BCH fork of November 15, 2018 will be one without replay protection. In not having replay protection, the winner of this coming fork will be decided by market forces built within the Bitcoin protocol. This is what we refer to as a hash-war. It’s a hash-war because the miners will decide which implementation is most profitable for both the BCH market and themselves as miners.

Many within the BCH community view miners as the preferred party for dispute resolution. This is because a hash-war is a market driven transition that will eventually lead to the re-unification of the BCH community. That is, the community wants the miner’s to objectively signal the use of the implementation that is most profitable for the entire BCH community. The profit driven crypto-governance of the miners is part of what is known as “The Nakamoto Consensus.”

It is important to reiterate that miners, unlike entrepreneurs and developers, have the most to lose within BCH. Their entire investment- their mining equipment- is manufactured with the sole purpose of mining BCH. A miner’s profit or loss is intrinsically tied to the state of the entire BCH network. It is counterproductive to a mining operation that they mine any software/rule that is not in line with what is best for the entire network.

Miners hold the network together because they were designed as the impartial profit seeking entities within Bitcoin. So for the BCH fork, miners will simply aim their computers towards that software/rule which is most profitable.

Since the BTC/BCH fork, BCH has gradually become more profitable for miners to mine than BTC. We expect this trend to speed up once BTC enables the LN. The LN discourages transactions on the BTC blockchain. Once the LN is enabled, miners will only mine BTC on the opening and closing of LN hubs. Most BTC transactions will occur on the LN, as the BTC blockchain will by then only be a very costly settlement layer. In other words, once LN is enabled Bitcoin mining will mostly take place on the BCH blockchain, not the BTC blockchain. We can qualitatively speculate that the BCH blockchain will be the most, if not only, profitable blockchain for Bitcoin miners to mine.

The profit seeking competition between miners is what has for the most part been expected to resolve any BCH dispute, since before the BTC/BCH fork. That is, many within the BCH community welcome direct competition in figuring out what is best.

Some within BCH do not want this to be the case, they just want to create two distinct coins out of the fork- as it occured within the BTC/BCH fork. That is, they want to enable replay protection. Amongst this crowd we find Bitcoin ABC, Bitcoin.com, and Bitmain.

Unfortunately for them, nChain, CoinGeek, Bitcoin SV will not mine with replay protection. This will lead for all transactions to be registered in both blockchains. That is, ABC and SV will both be registered on the ABC blockchain and on the SV blockchain at the same time. The Bitcoin ABC camp can’t avoid not having replay protection. When one party goes without replay protection, all parties have to deal with the consequences of not having replay protection.

The implementation most profitable for miners will be the one that will also be able to hold both implementations the longest. For example, if both chains were to run parallel, any profitable advantage of one implementation over the other would be enough for miners to capitalize on its advantage and leave the other implementation behind. The most profitable implementation will be the dominant implementation on the BCH blockchain.

Many people within the BCH community are seeing not having replay protection as an attack by nChain, Bitcoin SV, and CoinGeek. Others see the desire of Bitcoin ABC, Bitcoin.com, and Bitmain to split into two coins also as an attack on the BCH network.

It is important not to take sides during a hash-war. The miners will decide what is best for everyone. Wallets will be ready to register all three blockchain transactions until the transitional hash-war passes; i.e., SV blockchain transactions, ABC blockchain transactions, and the unified non-replay protected blockchain.

Again, it is important not to take sides here as investors. The only side we should be taking is the side of the market. It is market that will discover what is best for itself by seeking for what is most profitable for the miners that secure the network. Profit seeking good. Miners were designed by Satoshi to capitalize by choosing what is best for the network. We expect for this hash-war to transition us into a more robust and profitable Bitcoin Cash.

By Rafael LaVerde

Source



Must-have tools for crypto-currency trading

https://i.redd.it/27e9xifxqbx11.jpg

Crypto-currency trading is gaining momentum around the world, but the risk of a loss due to high volatility of assets is very large. But the opportunities to quickly become a millionaire are just as significant. Many novice traders try to quickly make a profit and because of ignorance of the market lose their deposit. In order to make success with cryptotrading, you need to use some tools that help you quickly navigate and make a profitable deal. Here they are.

BitcoinTalk. It is considered as a leading crypto-currency forum. It was founded nine years ago. It discusses a variety of topics related to the crypto currency, gives forecasts and estimates of the possible movement of the course of various coins.

Coinmarketcap. It is the main source of data on cryptology. There you can find all the necessary data about a particular currency, view financial indicators, lists of exchanges, learn about the dynamics of growth or decline. In addition, on this site you can make tables and charts of trading pairs.

Cryptocompare. This site contains all the necessary information about coins. The most useful section for traders is the list of crypto-currencies with their description. The site also displays capitalization, the dynamics of trading pairs. Traders have the opportunity to track how the Crypto-currencies are traded, and what is the dynamics of the movement.

CoinView. This mobile application allows a trader to be constantly up to date on events on the market. All the leading quotes, messages and signals can be learned through it. In addition, it has a wallet, an application for trading and exchange of crypto-currencies. Most recently, there was a built-in bot to work on exchanges.

CoinMarketCal & CoinSpectator. Without news, a trader can not profitably invest his assets and make a profit. To be always up to date and receive the necessary information, these tools were created. They allow you to track information in real time and make high-quality analytics using a variety of news aggregators.

ICORating & ICOStats. They make it possible to identify the most promising proposals on the market and simplify the process of selecting candidates for investment. In addition, these instruments collect financial indicators, from the return on investment to the amount of money collected for a particular project.

Using the above tools, the trader has all the opportunities to trade with the crypto-currencies profitable and minimize the risks of losing the deposit and increase his capital.


[Daily Discussion] Friday, November 09, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[uncensored-r/BitcoinMarkets] [Daily Discussion] Friday, November 09, 2018

The following post by AutoModerator is being replicated because some comments within the post(but not the post itself) have been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ BitcoinMarkets/comments/9vh94l

The original post's content was as follows:


Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Friday, November 09, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Friday, November 09, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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Big names in the advertising industry are realizing that blockchain can help their industry massively! (Articles Forbes, The IAB and Adweek) could advertising be the first industry, where enterprises adopt crypto and blockchain completely, changing the industry for the better?

Last year we saw VEN (now VET), WTC, TRAC and others rise up, when supply chain management was recognized as a viable use case for blockchain and crypto. We saw these companies launch products and partnerships and there was ALOT of speculation and hype surrounding them. Currently the recognition of blockchain implementation benefitting the advertising industry is sky high. There are several big players within the ad-industry who have condemned the whole space due to its high amounts of fraud (40-60% of internet traffic are bots) and markups by middlemen (everything form 20-80%) and many articles on main stream publications about how blockchain can solve the problem. Doesn't that sound like the perfect opportunity for blockchain and crypto to gain more legitimacy?

I will first go through the two companies which I think are the most viable and I believe can make the most difference in the space (Brave and Adbank) with a quick introduction and a Pros and Cons list. Be sure to research them more thoroughly than only looking at this post. I will be going over the projects only shortly so i can imagine there is a ton off stuff that's missing. I will also do quick descriptions of a few other advertising based projects, which seem to be good picks, but which i haven't really had the time to check up on. I have looked into tother blockchain based ad-tech solutions aswell, but none really seemed to be very good. Theres BigBom, Ubex, KindAds which all ticked too many red flags for me tbh, sorry if i'm offending someone but they just aren't for me.

Afterwards I'm going to link a few articles from some players in the industry mentioning blockchain and other technologies in solving these issues.

One thing we have to realize before applying the tribalism that crypto suffers from, is that there will be no "winner takes it all". The ad industry is very big (230bn USD in 2017) and there are so many different kinds of advertising and so many ways to chose how, where and when your ads are being placed / shown, that one single entity will not be dominating the whole space. There will be many different key players in the markets, both centralized and decentralized, to provide solutions to the problems that exist and improvements upon the current legacy system.

https://i.redd.it/r0oi6rkatax11.png

First up we got the brave browser with their native token BAT.

The brave browser seeks to eliminate the industry standard that the consumer is the product, which is a pretty noble cause, giving "power back to the people". Brave aims to provide less intrusive ads, on the consumers terms while getting paid for watching the ads.

By giving the option to opt out of ads, Brave also takes away the ability to monetize the free content on the internet, but gives the consumer an easy way to contribute and "tip" their favorite content providers. Advertisers who use brave get more attention on their ads, which in turn should increase engagement and that is what all ads ultimately aim for, engagement and that engagement leading to purchasing of a product or service. Although i can imagine Brave ads being very expensive to the advertiser, if they actually lead to more purchases instead of people just watching the ads for getting tokens. But i think the advertisers will happily pay more for the ads if that is the case.

The Bat token is used for transactions within the ecosystem, but i'm not sure if it can be replaced by for example BTC, is the token really needed? Maybe some of you can enlighten me in the comments on this.

One thing thats a bit concerning is the publishers revenue (The site that hosts the free content you consume) They need money as well to keep the platform up, otherwise they will close shop, ask for a monthly fee to use the site or simply block the usage of brave on their sites, I'm not too sure that the current model that is being implemented by brave is sufficient to create the revenue they need / want.

I'm hearing content creators are having some problems with the 3rd party involved in "cashing out" the BAT tokens they have been tipped as well. Not sure if the tips are enough for the content creators to live off of their content. I imagine that these issues will be solved and brave will find different kinds of tweaks and things they can implement. time will tell.

All in all, I'm optimistic of their future and brave is paving the way in being the most recognizable advertising token there is and I'm very eager to see whats next for them.

If you haven't had the time to check it out, heres a link to braves website!

Pros:

  • Vision
  • Working product
  • Established / known
  • Already on most exchanges + Coinbase
  • Something very different to what we have today
  • Capable team
  • millions of users already
  • Higher amounts of engagement from the consumer

Cons:

  • Publisher revenue
  • Content creator revenue
  • Totally new system
  • Can BAT be replaced by lets say BTC?
  • Cashing out the tokens via a 3rd party

https://i.redd.it/z3fo82oetax11.png

Next one is Adbank and their token, ADB:

I'm pretty sure not many of you have heard of it, since it sits around 2m USD market cap, but I've been keeping my eye on them since their ICO last December.

Now, whats Adbank? Adbank is a platform for existing a-networks as well as advertisers and publishers separately, kind of a toolbox for them to use all they are offering. With their open API they will enable transparency and anti fraud AI services for each and every advertiser and publisher that is willing to use it, big and small, lowering costs of ads and adding to the revenue of the publisher, great incentive for adoption. With Adbank being adopted, they aren't trying to directly better the consumer experience with ads, but with an increase of money being saved for the enterprises wanting to advertise, there is more money to be used on the ads which would make them less annoying and some might actually be enjoyable. Lets face it, you don't hate ads, you hate bad advertising. Although, there is no guarantee this would happen.

The ADB token is a crucial part of the whole ecosystem and it wouldn't function without it. The token is used by a smart contract created for each ad so that the payments flow form each view from advertiser to publisher. The anti fraud AI (On which they have a patent pending) needs the tokens to work as well. in detecting fraud you need to "follow the money". If lets say Ethereum would be used in the ecosystem, the AI would have to go through every ETH wallet to determine if its Adbank related or not with a whole other set of algorithms and code. By having it track the tokens only, it is so much easier to feed the data and implement the algorithm/code to the AI.

I'm pretty sure some one who has knowledge on how AI works thinks i murdered that sentence and over simplified it, but I'm not too tech savvy on that matter so i hope you guys let it slide.

I think this video by Adbank explains the whole concept a lot better than what i can.

Here's why i think they will become a key player in the industry within a year or two:

  • They have been working pretty diligently building the foundations to be a successful blockchain based ad-tech company. Adbank has launched their working product and pilots with Redbull and the Austrian government + Adweek and Flixxel. You can read more about it in a Forbes article here.
  • They recently presented at the Adweek elevate conference in October to the elites of the industry which resulted being in talks about pilots with 5 fortune 500 companies.
  • Founded IAB (International Advertising Bureau) blockchain research committee.
  • Talked at the United Nations blockchain conferences and being awarded by the UN.

As you can see, they haven't been really hyping up all what they have been doing and worked closely behind the scenes building up a reputation within the target industry. The risk / reward ratio on this company is pretty good IMO.

Pros:

  • Incentivises enterprise adoption.
  • Positioning themselves and making a name for themselves in the target industry.
  • Very low marcetcap, high potential ROI.
  • Competent team.
  • working product.
  • Interest from major players within the targeted industry.
  • The token is a crucial part of the ecosystem.

Cons:

  • Very hard to solve the problems they are aiming to solve.
  • Low marketcap, which is off putting to some + low volume.
  • Doesn't necessarily improve the way we consume ads.
  • not on many exchanges, Kucoin only.

Be sure to check out the website here!

They also have a blog on medium which you can access through this link.

A few viable players who provide blockchain based ad-tech

Adex: Is basically an ad-exchange, as their name implies. Their aim is to reduce adfraud, increase privacy and enable consent to receiving sponsored messages, etc. AdEx is completely transparent and built on top of Ethereum smart contracts. They have a strong team and advisory board so definitely keep an eye out for them. https://www.adex.network/

Ternio: Is a mix of Stellars blockchain and Hyperledger, claiming to be capable of 1 000 000 TPS, its tested on their test-net and audited by a 3rd party, but its yet to see if they actually can provide 1m TPS on a real live blockchain. Ternios initial targets are to provide instant publisher transactions and transparency + fraud prevention to the advertising industry. Although they are targeting the ad-industry first, their goal is to be the blockchain that "fits all". https://ternio.io/

All these companies mentioned have a different approach to tackling the problems of the ad-industry. They might seem very similar at first but after you do some research into the industry and look at how the companies provide solutions, you will come to the conclusion that they don't necessarily compete with each other directly.

Now to the articles from some big names in the marketing industry.

Adweek is the Nr.1 marketing and branding focused publication in the world. They recently had an "elevate blockchain conference", which you can read about here.

"At Adweek’s Elevate: Blockchain event earlier this week, we gathered some of the top minds in the ad-tech space to discuss and debate the promise of what blockchain will mean for the brand marketing ecosystem.

For one, the transparency it will bring means ad effectiveness will increase exponentially. How much? Watch above for a look at how much waste exists today, and how blockchain promises to fix it."

Adweek also has a few other articles, but the best one was here IMO. The article goes a bit deeper into how blockchain needs to be implemented and what is required of the company doing it.

Forbes, everyone knows them, right? they have been publishing several articles on how blockchain and crypto will disrupt the ad-industry as well.

Blockchain can and should be developed for digital advertising

" While eyes and investments have shifted to blockchain as digital currencies, like Bitcoin, have become popular, there are more ways to use blockchain technology than by financial firms, such as by advertisers and advertising agencies. In fact, investing in the use of blockchain technology for the digital advertising world could change the landscape as we know it."

whats coming? blockchain and advertising.

"Blockchain marketing is the buzzword for 2018. So much so that the Interactive Advertising Bureau (IAB) released their "Blockchain for Video Advertising" whitepaper detailing how this new technology will revolutionize the digital advertising supply chain and have ripple effects throughout the marketing industry. "

The IAB is an association for advertisers and publishers, which every single entity in this space is apart of. McDonalds, Google, Facebook, Proctor & Gamble, every single one. IAB has also recognized, that blockchain and ad-tech go hand in hand. They are so eager about it, they actually have attempted to everyone how it works!

I see so much potential when investing in the ad-tech space it's ridiculous. DYOR and lets discuss things in the comments!