Latest Bitcoin News:
When Will Bitcoin Dominance Rate Move Above Pivotal Resistance Level?
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
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.
I'd written this months ago but never posted it anywhere, yet it actually makes more sense amidst the present lockdown than it did when I wrote it. Not very polished, and probably too long:
Picture a phenomenon something like the ice bucket challenge in reach and virality crossed with a publishers clearinghouse sweepstakes and chat roulette, inspired by Warhol's concept of "15 minutes of fame". Anyone of majority age in their jurisdiction is eligible to enter a worldwide and ongoing contest, and the winners are broadcast in allotted 1 minute blocks of live air time, streamed p2p to anyone who cares to watch.
The following is a more technical description; skip unless you want more detail. A Tl;dr is below
The drawings would take place in public through Ethereum or similar contracts (think of BitCoin but with *contracts (a form of code) attached to the currency). Anyone is eligible to enter via a simple web app where a user enters some brief information and generates a public-private key pair. The app signs the entry with the private key and publisher returns a token (a short string of characters, easy enough to write down).*
At a time specified in the contract, one winner is selected for each time slot, you can use your token to claim your 1 minute of time. If you claim it, your name and area (metro area, region, etc.) will be displayed during the stream, and you receive a private key which corresponds to a public key . Specifically, if you accept, you cannot remain anonymous, but you don't necessarily need to show your face on the video — you can use your time any way you see fit.
The actual broadcasts (a sequential group of 1 minute stream events from preselected peers) would take place on peer to peer networks. Peers subscribing to a particular broadcast as defined by a particular Ethereum contract and a random drawing. The winners would be identified by their public key, and peers accept and forward chunks of the video stream signed by the private key. (Load could ideally be balanced by chosen peers broadcasting their public key to the swarm before their time slot to determine routes to more efficient broadcast paths, i.e. upload to the fastest peers with high upload capacity, etc.)
This can function almost entirely without central organization, with well-defined game rules and procedures firmly established in the public crypto-contract of the code itself. Any peer which follows the code correctly will co-create the streaming event, a swarm of peers sharing to each other so everyone can hear. Because of this decentralized nature, it would scale well; more peers downloading is also more peers uploading.
It does require either a large enough critical mass to support the bandwidth collectively, or a few bootstrap seeding peers on commodity hardware or cloud resources. More dense geographic location of peers would make reduce the number of peers needed; e.g. a swarm could form and scale quite easily at a university. But if tens or hundreds of thousands of people are using it, and at least a substantial proportion also seeding the broadcast, it would function quite fine with residential broadband connections supplying most of the needed upstream bandwidth.
Tl;dr for the technical part. Download app -> register an entry for the drawing (small crypto transaction, can be earned by seeding streams) -> if you win, claim your spot and announce your real name and area -> at the specified time, have the app open and you will be broadcast across the entire peer network for 1 minute to and by anyone following that broadcast.
Under the hood, it would essentially work like BitTorrent, but the p2p network optimizes itself to enable even someone with a relatively weak connection to broadcast to the entire swarm (as big as the whole Web, if enough people used it). If you went to any Occupy events, think of this like an online version of Mike Check.
Most of the technical pieces already exist for this for someone to put together, and it would act as a full inversion of the broadcast newspaper/radio/TV model. The waning YouTube era was a partial inversion. It spread out the capability to broadcast to the world to a lot more people, yet over time, what can be shared has been restricted and views shepherded back into legacy media channels.
We can't fully democratize our media using platforms run by hierarchical corporations which themselves exist as part of greater hierarchies. This example of a hypothetical alternative represents the mass communication equivalent of sortition, a form of governance where the leaders are chosen by lot for short terms.
I'd be curious to see the social ramifications if something like this became popular, likely first starting with the youth. Some services like Snapchat, formerly Vine, and others seem to work on a similar principle, but without the random drawing aspect. This could give a much broader and I'd say more accurate sample of a population because anyone can say how they truly feel after they get the platform to say it. There's zero gatekeeping, zero ability to manage perception by directing people to pre-determined narratives. It's up to the people who decide to participate and the luck of the draw as to who get's their minute in the spotlight and what they use it for.
*What do you think the people of earth would say if we drew lots to let any one of us speak to the whole world at once? Would our randomly chosen peers take the opportunity to speak their hearts and share their visions and longings and sorrows and joys, or would trolls and hate and evil fill the air? Could some reified form of collective intelligence be expressed or comprehended in this way? * What would you say if you had one minute to say anything you wanted to the whole world, with a huge portion of the world following what people said on the broadcasts? Could you change the world if the world gave you one minute?
*Apologies if I've posted something similar to this before. I know I'd at least written a draft of this several years ago, but I don't remember if I ever posted it and couldn't find it with a brief search.
Right now, the global economy is in total shock. The Washington Post reports, “Nearly every asset class stocks, bonds, gold, oil came under siege, with the Dow plunging more than 1,300 points.”
On March 12, this sent the crypto markets tumbling into panic mode. During the panic, bitcoin was oversold.
In just 24 hours, $93 billion was wiped from the crypto markets, resulting in a 48% plunge in bitcoins’ price which came quickly.Bitcoin bull, Tim Draper says, “It will be bitcoin, not banks and governments that save the day.”
With the bitcoin halving event scheduled to take place in May, Draper believes that the price of bitcoin could reach an all-time high of $250,000 by 2022.
With the bitcoin halving event around the corner, here’s what you could expect to happen.
Read the full topic at
https://icocryptoexpert.blogspot.com/2020/03/will-bitcoin-emerge-as-winner-5-things.html
The Bitcoin Seminars that were previously going to be held in March, 2020 are postponed to June 2020 due to the COVID-19 Crisis. But the event is still on.
Some Details:
Cryptocurrency ban has been lifted in India & buying, selling & holding is completely Legalized. We are organizing Bitcoin Seminars across the best Tech institutes in India.
India is #2 most populated country in the world and Bitcoin has already faced a hard time staying in people's radar here. We are a team of 27 Tech-savvy individuals who are planning several seminars on Bitcoin & Blockchain technology across the Engineering & Technology Colleges in India. The seminars will be held starting June 25, 2020.
We are in need of funds to cover our Travel, food, lodging expenses as well as Books, pamphlets, brochures printing material. So any kind donation would be greatly appreciated.
The colleges covered are:
We have obtained permissions from all the above colleges & they're willing to let us teach all the students about the Technology behind Bitcoin, Blockchain, it's benefits etc.
Please help us in anyway you can. <3
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
Other ways to interact:
Latest Bitcoin News:
Will Bitcoin Emerge As A Winner? 5 Things To Expect
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
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.
