Wednesday, July 3, 2019

[Daily Discussion] Wednesday, July 03, 2019

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:


A Beginners Guide to Blockchain Technology

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Artificial Intelligence is taking over all aspects of our lives- from our economic growth to waste reduction, from healthcare to education. Moreover, training in Artificial Intelligence opens up job prospects in machine learning and development, data science and architecting Artificial Intelligence technology stack. It is, indeed, the fastest growing job market in today’s world, and it is the perfect time for you to take proactive and decisive steps to launch a successful career.

Technology has ushered in the dawn of a new technological era. A lot of sectors are lapping up. this technology as it facilitates solutions to the problems faced by a lot of industries – ranging from Healthcare, Education, Logistics, Real Estate to Supply Chain. But, before you are ready to start off your career in Blockchain Technology, it’s important to have a crystal clear idea about all the aspects of this new-age Technology. Blockchain was initially developed by Satoshi Nakamoto as a way to account for the peer-to-peer digital currency, Bitcoin. The technology has been growing ever since and has now expanded its wings beyond cryptocurrencies.

Education in Blockchain :

Anyone willing to take up a career in Blockchain should understand that it is a comparatively new technology sector and therefore, needs a new approach instead of conventional education. You should also realize that your path will differ completely from your predecessors in other technical fields. So, it’s essential that you keep improving your skills and stay up to date with all the developments in this sector.

Understanding the Fundamentals :

The emergence of Blockchain has started a value exchange revolution. One needs to be well acquainted with the concepts of Decentralization, Daaps and Smart Contract since they are the basic essence of Blockchain. A Blockchain Developer should know about the distributed ledger technology inside out. If you’re just a newbie, Solidity for the development of Smart Contracts, and JavaScript for the development of a website can prove to be a considerably good starting point. If you have a degree in Computer Science or a similar discipline, it can be very helpful in developing your chances of growing in Blockchain and in landing yourself a lucrative job.

Training in Cryptography :

The primary reason for the rising popularity of Cryptography is the immense significance of the digital realm in today’s world. Digital assets are protected through Cryptography and hence, the distributed ledger technology of Blockchain creates a deeper impact when it comes to asset management. Having a degree in cryptography is of utmost importance if you are looking for a future in Blockchain because all the leading organizations depend on cryptography since no organization wants to risk their users’ privacy.

Joining the Blockchain Community :

Blockchain Communities are surviving under cryptocurrencies and Blockchain to promote the cause of revolutionary technology. Taking part in such projects can prove advantageous for anyone who is looking for on-the-job training mechanisms. But, to take part, you need to offer your services, like leadership talks, event organization, or developing applications on Blockchain to the Blockchain startups. Keep in mind that the goal of offering these services is to help the community grow. As a student, this will be the best way to build your network with the right people in this niche industry.

If you want to make a career decision, that’s far-sighted and ahead of its time, then Blockchain will offer you outstanding opportunities for exploration. It’s time to log in to your favorite job portal and research!


A Quick Guide to Bitcoin Address Formats

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Open Letter to Ms. Anne Clarke, Clerk of Council, Dublin, Ohio

Dear Ms Clarke,

It has come to my attention that your local council of Dublin, Ohio is about to engage in very reckless behaviour involving cryptocurrencies which could have consequences for your citizens and the reputation of your council.

It is my understanding that a Mr Joshua Green of "Bitcoin Verde" has won a contract to provide the following services for the residents of Dublin:-

  • digital identity

  • electronic polling system

  • token of value

This is designed as a Simple Ledger Protocol token ran on top of the Bitcoin CASH (BCH) blockchain, which is very different to the more commonly known Bitcoin (BTC) blockchain, with a much smaller user base and a much smaller level of security and accountability.

Technical Considerations

If you are not aware there are currently three competing Bitcoin systems, where at any moments notice the potential exists for the "mining power" allocated to one system, to be able to destroy and make unusable any of the other systems providing it has more than 51% of hash power.

At current time of writing we see the following allocation of all "Bitcoin" miners mining on each chain:-

  • Bitcoin (BTC) - 97.0%

  • Bitcoin Cash (BCH) - 1.7%

  • Bitcoin SV (BSV) - 1.3%

Suffice to say if just 0.9% of miners decided to act dishonestly and move from BTC to attack the BCH chain, they would be the 51% majority and be able to freeze the chain and deny all transactions, and there would be the potential for lost transactions. With your proposed system running on top of the BCH chain of course it would feel all ramifications of such an event, and there would be nothing that anybody including Mr Green would be able to do to restore service.

Coupled with this the relevantly recent start-up Bitcoin SV is declaring "all out war" on both the BCH and BTC Bitcoins, and its creator who has been recognised by your kin, The City Council of Bogota, Colombia as "Satoshi Nakamoto - The Inventor of Bitcoin" has promised to destroy them before fall 2020 and has sufficient financial resources and backing to make good on this threat.

Moral Considerations

Roger Ver is the CEO of Bitcoin.com and is the largest proponent of Bitcoin Cash adoption. If it were not for Roger Ver Bitcoin Cash would not exist.

Roger Ver describes himself as "anti-government" and regularly posts on his Twitter regarding aboloshing of paying taxes, and played an early part in support the illegal drugs marketplace "The Silk Road". This is who the esteemed Councillors of Dublin are associating themselves with.

Roger Ver is also a convicted felon having spent time in Federal Prison. Hobbyists involved with the Bitcoin Cash chain are generally anarchists and anti-government, and it is there aim to make an eventual anonymous system to facilitate the purchasing of hard drugs, weapons, child pornography etc... without any fear of recourse.

Transparency

Being a cryptocurrency investor, technologist and hobbyist (and a strong proponent of Bitcoin SV which is the pro-government transparent Bitcoin) I understand the need for governments to use blockchain and that there is no better place to start than the local council level, however as an IT Analyst with over 20 years experience I would not recommend any council use any of the Bitcoin blockchains right now including Bitcoin SV, until this impending "cryptocurrency war" has been fought and only one chain remains.

What people decide to risk their own personal assets on is their choice, however as council representing people and their rewards, voting rights, digital identities and assets your obvious lack of understanding of the cryptocurrency space could leave them with losses, tangible or otherwise and of course would lead to losses of taxpayer funded government funds having wasted them on a unsustainable and unworkable project.

Conclusion

I feel the council has not done due dilegence, and this is a very reckless and potential costly move which could result in the loss of these facilities to citizens.

I have published this letter publicly to ensure that should action not be taken citizens will have a legal option for redress due to your council having been informed of the potential disasters that can happen here, with adequate forewarning.

Feel free to reach out to me on reddit ( /u/jim-btc ) and I will also provide you with a private email when I contact you directly so you can email me any questions or concerns. I'd be happy to partake in a voice call with yourself or anybody from your council.

Regards

A concerned, honest world citizen


Ancient legacy - a journal of unsolved Bitcoin mysteries throughout its earliest years

If you think today's cryptocurrency world is a shitstorm facing all the fraud, shady exchanges, hackers, criminals and even kidnappings, you probably weren't around right after Bitcoin was invented. Yes, the cryptocurrency highways are still far from purified, but some of the sh** that went back down in 2011/2012 easily tops the stories of today. The journal below is the most accurate and detailed timeline of dark events in the Bitcoin world throughout 11/12.

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Journal: ancient legacy - unsolved Bitcoin mysteries in its earliest years


[Daily Discussion] Wednesday, July 03, 2019

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] Wednesday, July 03, 2019

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: