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Some informative responses from Colin and Andy from the just-concluded Nano AMA at the Atomic Wallet Telegram group

The AMA ran today from 13:00 - 14:20 UTC, with Colin and Andy. I've copied over some of their responses that I found give me better insight into Nano. Their responses are in italics. Responses to different questions are separated by double spaces. Colin's responses are listed first, followed by Andy's. Sorry I couldn't copy over the questions as well. I've added my comments in places.
From Colin:
PoW coins have done a good marketing that the energy expenditure makes your coins more secure but it’s really unnecessory. PoW coins need to continue expending work because if they stop, their security parameter erodes.
Nano has no such problem, once an election for a transaction is complete, it’s confirmed. If it sits there it stays confirmed and it doesn’t need any extra effort. Wow, put that way, Bitcoin seems unsustainable in the long term when there is an alternative like Nano.

Yes the circulating supply is forever like this. The reason it can’t change is because nano transactions can only send your current balance or less to someone else, this means new coins can never be injected in to the system. Interesting design reason new Nano can't be minted.

Volatility is a focus with all cryptocurrencies and it comes from low volume, it’s not intrinsic to cryptocurrency itself. To cure low volume our focus is integrating it in to parts of the economy where it solves a problem, rather than just emulating credit cards etc.
Not having fees in the network puts us in a very good position for buying beer, for example. Typically credit card providers will charge 2-5% for a purchase, maybe even more, and it tight margin businesses that make 2-5% profit anyway, this is huge. A lot of Reddit discussion on crypto adoption considers only user experience and overlooks benefits to merchants.

Nano is purpose built to be the fastest and most decentralized currency around. Our transactions settle in less than 1 second and it’s all done on a network with no fees, and a tiny environmental footprint
Decentralization is an essential focus for us, many other cryptocurrencies can get fast or low cost, but they can’t also maintain decentralization which I think we do very well.
Well the sustainability comes from 2 main parts. We have a laser sharp focus on being the most efficient currency. This means our development stays focused and eventually the amount of things going in to the code base will trend downward; once we’ve achieved the goal we just have to make things more efficient.
The second part of sustainability is our Open Representative Voting which is our replacement for PoW mining. We saw the energy expenditure as something that would come in conflict with any system that would attain high adoption so our goal was to get the same or better decentralization benefits and also have a low energy footprint. We think we achieved that goal as our representatives are all over the world under many different organizations. A healthy decentralized representative set is good for long term sustainability.

And on the simplicity, nano is probably one of the easiest cryptocurrencies to use. There are no fees to calculate, the UX impact of entering a fee is greatly understated. How much should the fee be? Does my grandma know what network load is? What does it mean with respect to fee?
Nano simply has accounts and balances, you send and it lands in their wallet in less than a second, nothing can be simpler.

We’re not looking to expand in to defi right now. I have some reservations about it’s viability. One thing I’ve noticed in my many years of seeing technology evolution is to not try and change 2 things at once. We don’t want to simultaneously change the currency people use and also change how finances are done. First change the currency, then change the finances.
I think Libra suffers from a market mis-assesment. Essentially what they’re claiming is be a multi-currency bank account for every facebook user. Getting users electronic bank accounts isn’t a technology problem, it’s a regulatory and logistics problem. Since Facebook is essentially being a bank for people, they’re going to be required to comply with KYC requirements. Sending/receiving isn’t going to be open as it is in cryptocurrency because of AML requirements. People are not going to have access to the system in remote areas because how do they deposit or more importantly withdraw local currency from their Libra accounts.
I think privacy is a big concern with our transactions and credit card purchases and it’s only getting worse. Letting Facebook/Libra know all your purchase history I think is a huge mistake.
I think it also doesn’t fundamentally solve the central banking problem where they can print more money and inflate the currency supply. I see this behavior as a fundamentally unethical thing that cryptocurrency solves and Libra is taking a huge step back on that.
I don’t see anything compelling about it and I don’t see long term viability.

I think disk usage is going to be a low concern long term. The goal with Nano is to be a widely used commercial grade currency so the representatives will be banks and other financial institutions, universities, and tech companies. Considering how much youtube, instagram, and other social media data is created each day, I don’t think the ledger size will be a long-term limiting factor. Looks like the role of hobbyists in running nodes will diminish with widening adoption.

Nano’s value is being the fastest, most efficient currency around. Entreprenuers make use of natural market incentives / natural efficiencies to make money on a business.
Cryptocurrency has distorted that term a bit with something more closely resembling subsidies. The transaction fees and block rewards are subsidizing the security parameter and processing prioritization. PoW chains need this subsidy because their security parameter costs a lot. Additionally we’ve seen miners work to limit the network’s throughput in order to rent-seek on the limited transaction space. Damn, talk about unaligned incentives between users and miners.
The people we’re looking for are the entreprenuers that know how to make use of a faster, lower cost currency.

Yes, having a fixed supply is an essential component of currency. If people can add more currency to the system, they’re taking value away from everyone else in that process. It’s unfair and unethical.
1 Nano actually can be divided down very small so there’s no risk of not having enough coins.

In this response, Colin is addressing a question about Steem and other dPoS systems. One major difference with Nano consensus is: having more Nano does not get you more Nano, there are no rewards for holding Nano. Holding nano doesn’t give people voting privledges on network changes, or any other centralizing component associated with holding.
Another big difference is voting in nano does not produce blocks, it chooses between conflicting blocks that a user publishes. If you don’t attempt to double-spend, your transactions cannot be voted against.

From Andy:
1. The faucet did indeed seed Nano's amazing international communities, and the contributions from around the world to the project have been unbelievable over that last 2.5 years. Communities are still active, engaged and building 💪
2. The effects of Nano being added to the Atomic Wallet (and other multi-currency wallets) is two fold. It increases the accessibility and convenience of storing Nano alongside other coins and also helps to disperse voting weight across a wider spread of representatives - increasing decentralization!

We certainly feel that Nano possesses far and away the best fundamentals, democratic approach to decentralization, and user experience.
Being fully distributed and operating on a the mainnet since 2015 is also very important, and puts Nano way ahead of many other projects making bold claims about future potential.
Nano is here today, and works as one would expect the digital money would!

Privacy is an attractive proposition to users of digital money for obvious reasons, it can be very important. Our position towards privacy is more conservative as we have seen many more hurdles to mainstream adoption being put in front of privacy-based projects.
With that being said, there are eyes towards the technical implications of introducing privacy, but it is extremely difficult to do this without incurring slowdowns to settlement times.
Throughout 2019 we were able to make significant progress in helping some of the more well-established cryptocurrency services such as exchanges, fiat gateways, payment platforms, and wallets- like Atomic 😄, to understand and integrate Nano. This proliferation of Nano across the space has ensured that it is increasingly more convenient for users and merchants to access and begin using Nano for payments.
submitted by Live_Magnetic_Air to nanocurrency [link] [comments]

Massive List of BSV Apps (please comment for new ones or updates/errors etc...)

🔗 means app lives on-chain. i.e. the app/content is hosted on the blockchain, something we take great pride in with BSV.

Block Explorers

Communities

Content

Exchanges

Financial Services

Gaming & Entertainment

News

Onchain Storage

Search Engines

Merchants & Services

Freeview Video / Radio / Podcasts

Tried to list prominent channels, open to all ideas but don't want channels with 3 subscribers and 2 videos. Show your Proof of Work!

Streamanity Video Channels

TODO. Think it is important to separate Freeview (Youtube etc..) from Streaminity, for new people to the space who don't have BSV.

Wallets

Credit: For initial list http://agora.icu and some jim-btc webscraping ;) Pastebin here (to easily reply to any reddit post about lack of apps): https://pastebin.com/qyzf8z2c
submitted by jim-btc to bitcoincashSV [link] [comments]

High-risk Security vulnerabilities Left Unchecked Before the EOS Mainnet Countdown

Why BP Candidate Alliance Couldn’t Successfully Launch EOS Mainnet NO GO
!!!Final Warning From EOSForce.io!!!
This is a technical article for the developers of the BP candidate team and those interested in EOS security research.
As a team has conducted in-depth research on EOSIO software and has conducted extensive deployment testing, EOSForce.io has repeatedly warned the security risks of mainnet, and has fixed some problems identified already. Recently, as the research deepens, we have discovered more potential security risks, and some other BP candidate have begun to pay more attention to the safety of the mainnet.
We are going to reveal nine core security issues that still plague us up to now. We have made some preliminary solutions ourselves since Block.one claims not to be responsible for the security of any mainnet. We also attempt to help you understand why EOSForce.io's changes to EOSIO are necessary. If there is a better solution, we also hope that you could communicate with us and contribute to the safety of EOS. EOSForce.io promises not voting for the Block Producer, and will not start the mainnet until the public testing is completed. It is highly not recommended that users import private keys to activate mainnet assets before that.
In order to tackle the current troubles of EOS, EOSForce.io has made the latest precautions, hoping to start the EOS mainnet safely with minimum functionality. Then slowly release the corresponding functions after the formal verification of each restriction module and the large-scale test verification passed.
1st Problem: EOS proposes a resource-based mortgage model, but the implementation is far away from its original expectation. The public chains already in operation all use fee-based model.
There are two benefits of charging transaction fee:
  1. To prevent chain-level DDOS, it is well-known that the reason that Ethereum's POW test network is often attacked is testnet token has no value and there is no threshold to prevent chain-level attacks. The reasonable setting of each code gas price for Ethereum in the past is also on this purpose. Everyone knows that the best way to prevent DDOS is to enforce the cost of attacks much greater than the profits.
  2. Transaction fee can be used as a source of incentives to maintain the ecological stability of the entire chain. The Idea of ** EOS Based, Mortgage Model ** is innovative, free of charge, at the beginning everyone (including BM) expects to prevent DDOS via staking resources, and later expects to establish EOSraM and other related resource tokens to generate incentives. What solves the problem of transaction fees. However, the issue of transaction fee is only a bit of a connection between the System contract and bottom layer, and it does not meet the expectation. For developers, as long as you randomly launch a testnet, you can send transactions without any cost, which could verify the problem I mentioned. This is a fatal problem at chain level, far more severe than 360 "epic" traditional memory leak. As long as any person opens a computer, continuously to send batch transactions to EOS network. The network will fail.
EOSForce.io Prevention 1 :In response to this issue, EOSForce.io adds a price setting to each action based on EOS. At this moment, EOS has not implemented a fully opertional resource model, so we add a fee-based filter for transaction. When BM Master get it completely done, EOSForce could turn off the transaction fee filter and eventually prevent DDOS attacks through resources staking.
**2nd Problem:**EOS has a root user, which means that the super-privilege can be authenticated without a private key. Besides accounts that start with the characters eosio. are all quasi-super-authority accounts (there is already eosio now). This goes against the sacred inviolability of personal assets under the protection of private keys in the basic function of blockchain philosophy.
EOSForce.io Prevention 2: In response to this problem, EOSForce.io restricts the entire system to have only one privileged account, which is eosio, whose public key is all zero, the address is EOS1111111111111111111111111111111114T1Anm. No one owns or knows its private key.
3rd Problem: The design structure of the transaction is too complicated You can see the complete EOS block data we have extracted. A transaction in EOS could consist of an array of actions and multiple context free action arrays. Inline action could be added in the action , context free action does not require signature, and actions can contain a large number of inline actions. EOS is executed sequentially in action units. The transaction can also be delayed. All these designs are very innovative, thanks to BM. However, such a sophisticated system is too large and there are many points that can be attacked. Transaction with delayed transaction, an action could include multiple inline action. Such complex functionalities require long time, variety of case combinations and strong test validation.
EOSForce.io Prevention 3: We are also organizing a lot of teams to conduct testing and verification in this area. But for the safety of stakeholders, we enforce a transaction can only include a single action, limiting context free actions requiring no signature. After the successful implementation of various tests formal verification results, as well as large-scale case test verification, this layer of filter would be removed.
https://preview.redd.it/qps6jyvozp311.jpg?width=898&format=pjpg&auto=webp&s=f577bf48b38b46e2c61b658cebaa5f9a3273c50a
4th Problem: EOS queries such as get table query interface can not specify keyword query in batches Here I have to marvel at BM's technical genius. He uses multi plugin pluggable module programming. Multiple modules are single-rowed and can be accessed by each other. In addition, he also used the message bus microservice programming mode. As long as each module is interested in the corresponding message and registers the corresponding message bus, corresponding messages can be accepted. However, many of the query interfaces in these modules can only be queried in batches. When the data is small, it is acceptable. But when there are a million tps, such a query allow basically no machine to meet the need. Although --key is a field in EOS, it is always as the memo parameter in the transfer interface in EOS code, only has a name, no implementation.
EOSForce.io Prevention 4: Add-key A fixed-point small query by keyword.
5th Problem: The faucet plugin in EOS has been deprecated for a long time and it's broken now. This plugin allows users to register a user name through a third party.
EOSForce.io Prevention 5: Reactivate faucet plugin.
6th Problem: The instability of chainbase database. For instance, you could call the interface of chainbase and store the same data twice, then the program could core dump. The multiIndex table in the EOS contract also utilized chainbase. When you modified the different columns of the same row in a table, only the last update will be successful.
EOSForce.io Prevention 6: We would review seriously the code related to this issue as well as other problematic parts.
7th Problem: EOS wasm-jit was a direct fork of Andrew Scheideckers code for the past two years, as well as a fork of the official webassembly. There are so many bugs within which requires large-scale testing.
EOSForce.io Prevention 7: EOSForce.io creates a built-in system contract since the genesis block, making the system contracts genuinely. EOSForce.io also limits setcode, setabi interface.
8th Problem: EOS has no world state. If you want to know whether the chain has been forked, the only avaliable approach is the block-level verification.
For example: Node A and B have a same transaction list, that is, the blocks are all the same. However, the two nodes exxcuted two different databases store for each account and the chain is unknown to that. Possibility of attack: Although BM sets that only contract table owner has privilege to modify in apply_context.cpp. However, it cannot be ruled out that the table of different contract accounts cannot be directly done related state landing attack by constructing the corresponding key value externally. At this time, all the pieces in the chain are the same, but the state storage in each node will be different, even cover the corresponding table across accounts and change the status of different contract accounts.
EOSForce.io Prevention 8:Restricts the function of freely submitting code, they would be released after all of these have been formalized.
9th Problem: Unstability of mongodb, sql plugin. The mongodb plugin works before. After a while, they want to abandon mongodb and replace it with sqldb plugin. However, this change is deadly for eco-developers.
EOSForce.io Prevention 9: EOSForce.io is recruiting blockchain developers on a large scale. There will be better and more continuous updates to the filter module and database plugins.
Blockchain is not like traditional software development. Security and stability must be the first citizen in Blockchain world, otherwise everything is zero. Each vulnerability could incur a large-scale coin-losing accident, in which case even though the million TPS makes any sense. The security and stability cannot be overemphasized. We should extend performance and expand features on the basis of ensuring safety and stability. We believe in BM, and we also respect the brilliance of EOSIO that BM has brought us. However, it is impossible for any program to have no bugs. There are essential differences between block chain and centralized system. Centralized system's code update and data modification authority are entirely responsible by the centralized organization, and it is free to go online, find BUG, ​​fix BUG, ​​roll back data, offset account, high-speed iteration and other operations. But block chain can't seem to be bug-free, or it would go online without obvious BUG, the data on the chain is all related to the highest value user assets, even if 99% is no problem, there is still 1% risk, as long as there is any point or dimension that can be attacked, the block chain network will certainly fail, do not hold any chance. The EOSIO code has continued to iterate over the past year, especially in April and May. It has reduced the previous complex design, revised all the way to the 1.0 version released on 1st June, and few teams have conducted a complete test on EOSIO. The traditional security attack-defense operation and maintenance test can not be considered as a real test. What really needs to be tested is the voting process on the chain, resource-related issues, custom contracts, etc. This kind of test case needs to be written for several months. We all know that the number of Ethereum's test data and test scripts are several times of the codes themselves.
Today, the market value of EOS once reached 100 billion RMB, and the details are so numerous that it far exceeds the scale of Bitcoin and Ethereum when they went online. If the security of the chain itself cannot be guaranteed, the user's assets will shrink substantially or become zero. Block.one has always stressed officially that it will not be responsible for the security of EOS mainnet. EOSForce.io has done a lot of testing and repair of the significant risks inherent in EOSIO. No one dare to say that it is 100% safe at the moment. Now we sincerely invite all EOS community users, BP candidates, and third-party security teams to verify a secure EOS mainnet. It would go online after confirming that there are no major security risks. Welcome to login EOSForce.io to participate in the beta EOS mainnet. We pay tribute to Oracle chain, EOS Shenzhen and other teams that voted “No go”. There is no compromise on security issues.
submitted by EOSForce to eos [link] [comments]

The deconstruction of money: Prosperity when wealth ceases to exist

Here's a question to ponder: How do you conjure 300 billion dollar out of thin air? The answer, if you hadn't guessed it yet, is cryptocurrency. People used to laugh at this phenomenon, but they're not laughing anymore. They're feeling the same emotions about this phenomenon that I felt four years ago: They're worried and excited at the same time.
Bitcoin is a first, but not just in one domain. It's a first in most of its defining characteristics. We have witnessed the emergence of a means of exchange whose rate of inflation is predictable. Nobody can create more than 21 million Bitcoin, we can merely find ourselves disagreeing about the definition of a Bitcoin, which is starting to happen.
Despite its scarcity, Bitcoin has no intrinsic value. We're now beginning to discover that this doesn't matter, something most economists and academics had not anticipated. Just as an artist can earn money by shitting in a can, you can earn money by producing virtual currency. What we don't know yet is how far this phenomenon can grow. As of speaking, it gobbles up 0.1% of the world's electricity. As a means of doing anonymous transactions, it's pretty much useless compared to the alternatives that have succeeded Bitcoin.
In the worst case scenario, Bitcoin is like Microsoft or Facebook, in the sense that its network effect and early mover advantage allow it to eliminate all competition. This results in the dystopian scenarios I have frequently discussed before. In a more realistic scenario however, Bitcoin ceases to grow eventually. This makes more sense to me. Consider this: Would you invest in something that has grown in value 100-fold over the past two years? You would probably be wise enough to recognize that other investment options have more growth potential left. If enough people understand this, it becomes a self-fulfilling prophecy. If we assume that people buy Bitcoins to get rich quick, they'll stop buying them when it becomes clear it won't allow them to get rich. As a result, its value will eventually crash.
Note the difference between Bitcoin and Windows here. We're not using Windows because we think it has growth potential. We're using Windows because everyone else uses Windows and thus it's easier for us to communicate. You don't genuinely buy Bitcoin because you want to use it. You buy Bitcoin because you expect others will want to buy it from you at a higher price. To put this in simpler terms: If we use something merely because we expect its use will grow in the future, it can't come to dominate the market it's in.
To own Bitcoin means to forever have a sword of Damocles hanging over your head. You bought it because you expect its value to rise. At the same time, you are aware that it suffers from existential threats: Government intervention, a superior alternative taking over, a rush for the exit that the network can't process, a 51% attack, an unanticipated protocol flaw, an early adapter who wants to cash out. You're willing to take those risks when you expect its value may rise 100-fold. You're no longer willing to take those risks when you expect its value might double in the next ten years. The innate instability of Bitcoin ensures it will forever remain a niche phenomenon.
Here's a question to ponder: Why buy Bitcoin, if you and your friends can invent your own coin that you distribute among yourselves? If I had to choose between entering a country where all the land is owned by a small minority or entering a country where I can still freely stake a claim to my own land, I would choose the latter option. People throughout history have understood this principle, which is why small communities came up with their own currency systems.
The general trend throughout history has been that these alternative currency systems were destroyed by those who felt threatened by them. It's a little known fact that whenever local currencies emerge that seem to replace a government issued currency, governments tend to respond by shutting them down. It happened in Germany in 1931, it happened to the Liberty dollars in the United States and it happens in more situations, when the alternative currency becomes a threat.
Of course, alternative currencies rarely become a genuine threat to the status quo. The reason is because people can generally create new units out of thin air. Whatever institute issues the alternative currency has no means to prohibit you from doing so. Today, we know that this is no longer a valid issue, due to cryptocurrency. As a result, this controlled issuance allows people to interpret alternative currencies as having a genuine value, based on the expectation that they will be able to find someone to sell it to when they feel the need to.
What this means is a fantastic development for those of us who fear the extreme inequality we witness today. The nature of wealth is that it tends to accumulate. Those who are wealthy have the means to become wealthier, whereas those of us without wealth have no such means. Then eventually, when wealth has accumulated to extreme degrees, the elite has found itself in possession of most of the world's fertile land and natural resources. Then, those with their backs against the wall tend to rise up in revolt and exterminate the aristocracy.
Today, after the invention of cryptocurrency, revolutions work differently. When we see that the game is rigged against us, that you own everything there is to own, we cease acknowledging your protocol and set up our own. We don't participate in games that we can't win. We're unable to ignore land ownership, if you cling onto the land, you risk ending up beneath the guillotine. We're perfectly able however, to stop pretending that a Bitcoin is something more than a series of ones and zeros in a digital database. This outcome is already unfolding. Why is Bitcoin losing its dominant position in the ecosystem? Because people realize that the game is rigged against them. Most people are simply not dumb enough to spend 10,000 dollar to buy one bitcoin. Smart people look for other opportunities.
How does a revolution look? Consider what happened a few weeks ago, when Bitcoin ended up clogged and a competing protocol, Bitcoin Cash, suddenly grew enormously in value. This revolution was prematurely aborted, but the underlying issues have not been addressed. Bitcoin is still bumping up against its transaction capacity, wealth is still monopolized in the hands of a shrinking group, a single Bitcoin still has an intimidatingly high value to all but a small group of wealthy people who have no intention to actually use the currency. As a result, hedge-fund managers and trust fund kids are now buying first class tickets to board the Titanic.
Understand the following principle: The unequal distribution of a currency undermines its use value. A currency owned by a small group of wealthy people is subject to dramatic price fluctuations. The stock market suffered a sudden dramatic collapse in 1929, during an era when wealth inequality was at its most extreme. The reason is simple. If the distribution of an asset is extreme in its inequality, it becomes impossible to estimate the fair value of the asset.
This is the problem that Bitcoin inevitably suffers. The wealth inequality of Bitcoin increases over time, as hackers are able to steal Bitcoins, while those who find themselves wealthy all of a sudden tend to exit the scheme. As this unequal distribution grows worse, the instability of Bitcoin grows worse too. Economists have long known that wealth inequality and speculative bubbles go hand in hand. We see high prices right now for Bitcoin, but this is merely because nobody wants to exit at the moment. As soon as people want to leave the scheme, they'll find it's simply not possible at current prices. I expect that Bitcoin could see its price drop by 90% or more, over a period of days. People will find themselves unable to leave the scheme during such a period, because the transaction capacity on the network is limited.
When Bitcoin falls apart, people will see that the underlying technology has more genuine potential than this particular faulty implementation. As a result, another redistribution of wealth will take place. One important thing to understand is that currencies gain value because of broad use. Broad use is accomplished, by broad distribution. In its early days, everyone could mine bitcoins and everyone could use faucets where they were handed out for free. As a result, a core community emerged.
Note that the broad distribution that creates value does not have to contradict the unequal distribution that creates its high price. Value and price are not always well correlated. In regards to Bitcoin however, the more important point is that the currency grew in price by inheriting both characteristics: It's widely distributed, but most of the coins are actually held by a small minority. This small minority thus has a lot of wealth, on paper. They won't be able to actualize their wealth, if they tried to cash out the value of Bitcoin would take a plunge.
You will find that Bitcoin's role as a speculative bubble will be replaced by various competing technologies, but its role as a digital currency will be replaced by currencies that are broadly distributed. As an example of how this will work in the future, consider Clams. Clams are a digital currency with an egalitarian and wide distribution. Anyone who owned a range of currencies ended up owning Clams. This has proved to be free money, for people who paid attention. The project was abandoned by its developer, but it demonstrated the way forward for others. There are now various Bitcoin forks, that hand out their coins to entire swathes of the population, while handing out extra coins to its own developers. Those developers do end up profiting off their invention, simply because the wide distribution creates interest in the coin.
In contrast to what you might think, these various new currencies don't have to die out. In contrast to offline currencies, digital currencies can be extremely easily exchanged for one another. Merchants are able to accept coins they have never heard of for products they sell, simply because the underlying infrastructure is managed for them by third parties. So, what credible reason do people have to put their trust entirely in Bitcoin? The answer is simple: None. The herd has discovered Bitcoin, but the herd will consume it and bring about its demise, as the protocol can't scale.
But what if I'm wrong? What if Bitcoin can scale? Well, the answer to that question is simple: Bitcoin can't scale. A form of Bitcoin that can scale ceases to be Bitcoin. Bitcoin is characterized by 1 MB blocks, which limits transaction capacity to 3 transactions per second, which is a fraction of what credit card companies can handle per second. If Bitcoin increases its block size, a new currency comes into existence, that needs new software and would leave users who fail to update their software at risk of losing their coins. What about off-chain scaling? Off-chain scaling requires settlement on the 1 MB blockchain. As a result, those who plan to develop off-chain scaling methods admit that Bitcoin would need 133 MB blocks, simply to accomplish the goals they have set for it. The system can't function under those conditions.
What happens if Bitcoin does somehow develop off-chain scaling and starts to use 133 Mb blocks? The energy needed to mine Bitcoins increases dramatically. As a result, the number of people who can mine Bitcoin goes down, mining Bitcoin will only be an option for people in places with dramatically low energy prices. In addition, governments would be unlikely to accept having 90% of their national electricity use be devoted to mining Bitcoins. A currency that requires solving pointless computer problems to distribute it is a currency that remains forever a niche phenomenon. There will be no consensus around how to change the protocol, it will endlessly fracture until it renders itself obsolete.
Important to understand is that cryptocurrencies don't allow you to hold onto extreme wealth. Consider Bitcoin. In its early days, there were plenty of smart people who saw its potential. But if you're a billionaire, how would you use a currency worth less than your own net worth, to increase your own wealth? The answer is that you can't. Small projects grow the most, but small projects can't fit your wealth inside of them. The effect this has is that the extremely unequal global distribution of wealth we witness today will be rectified. The habit that extreme wealth has is that it doesn't survive dramatic changes to the status quo.
Until a few years ago, Bitcoin was the domain of basement dwelling NEETs and angry libertarian gun-nuts. But what we can do, anyone can do. If you live in a community that suffers poverty, you can set up your own currency that you use among each other and by virtue of the fact that you use it, it grows in value. What we have done with Bitcoin, has been done by other people too. If you don't think you can win under our rules, you change the rules and play your own game. There are now numerous currencies out there that have given birth to anonymous millionaires, while many more like me have made smaller fortunes.
As I have mentioned before, technology is a self-limiting phenomenon. Technology in its most advanced stages consumes its own niche and as a result leaves us off without the technology. With self-driving cars, the car starts to die out. With lab-grown meat, meat dies out. The Internet, destroyed the concept of possession. Why should I buy a car, if it idles 95% of the time? Why should I visit a hotel, if people can rent out their room to me? Why should I own a book, if the information I seek is accessible under my fingertips? Why should I even own anything? In Sillicon Valley, digital nomads live without any genuine possessions, other than a smartphone, a laptop and the clothing they wear.
What has remained off-limits so far, is the concept of wealth itself. The idea of wealth has survived the digital transition, even as everything else has been rendered obsolete. This is now coming to an end. We live in an era, where the concept of wealth is being deconstructed. One important principle in this observation is the issue of scarcity. Things have value, because demand for them is higher than their supply. In Estonia, Latvia and Lithuania, houses are practically for sale for free, because the population has declined by a quarter since the fall of the Soviet Union. How can physical space have a price when there is more of it than anyone needs? It can't. It can only have a price when a small elite is allowed to keep it off limits to the rest of us, without making use of it themselves.
But now, we face the finalization of the deconstruction of wealth. What does it mean to own anything? How can anything have value, if it is not scarce? Are you still wealthy, if your wealth must remain a secret? If you can't flaunt the fact that you're a millionaire, you can't genuinely be thought of as rich. Cryptomillionaires are men who have wealth they can't genuinely use. Under those conditions, the illusion of power begins to die. We see today that money is a joke. You can print money in your parents' basement and people will treat it as genuine money. The next step is the recognition that wealth is a joke. The society we are entering is one where wealth loses its relevance, until it eventually can't be defined. The very concept itself is ceasing to make sense. It is a nightmare we imposed upon ourselves and now we will no longer believe in it.
The history of civilization is the exchange of wealth for fertility. The man accumulates resources, passes those on to his male descendants and the men monopolize young women to disproportionately pass on their own genes to the next generation. This became possible, when the concept of ownership became possible. There exists no inequality, among hunter-gatherers who have no ability to press a claim to resources. In primitive communities where everyone lives near a river dense with fish, some men end up claiming "ownership" over the river and soon enough we witness hereditary castes, monarchs and inherited wealth. In the Kalahari desert, where people depend on animals that run around and Mongongo nuts that can be consumed, there is no property, as there is nothing to claim ownership over. You might claim ownership over a plot of desert, sure, but how will you enforce it? You can't and thus everyone is equal.
The concept of wealth had a nice run. It survived from the Neolithic revolution until the digital revolution, when it was rendered obsolete. It transformed young sturdy women with bows in their hands and hair on their legs into airbrushed trophy wives who sell their bodies to the highest bidders. What we know as a human being today is entirely corrupted by thousands of years of civilization, during which a corrupt aristocracy disproportionately passed on its genes and turned life itself into a cynical pursuit of material wealth. Today we are saying farewell to them.
Have you ever thought about what we are leaving behind us? In a society where social status is inherited, like in India, you eventually end up with hereditary underclasses who are made to carry around leaking baskets with human excrement on their heads. Alexandra Kollontai became a Marxist after her aristocratic parents prohibited her from marrying a man she met at university, an engineering student of modest means. In the society we are giving birth to, everyone is free to pursue his deepest passions and to make use of his full potential, with no noble birthright standing in between him and his vision.
Does this sound absurd to you? Over the top? Ridiculously optimistic? Well consider this: We have already gotten rid of the aristocracy. Western civilization used to be ruled by a hereditary caste that had complete control over society. The mechanization of agriculture in the 19th century and the abolition of the corn laws led to the demise of the aristocracies. The status quo could simply not be maintained. The concept of a republic, a nation not ruled by a king, was once utterly absurd. Books about the future written in the 18th century, like Samuel Madden's "Memoirs of the Twentieth Century", feature tall tales about religious theocracies in Italy and absolute monarchies in France. What none of them anticipated is that the kind of authoritarian systems they were familiar with could not sustain itself under modern conditions. It seemed as absurd to them that people could be ruled by anything other than inbred aristocrats, as it seems to you when I suggest to you that the concept of wealth itself is in the process of being rendered obsolete.
Eventually we will develop a form of society, where money and financial transactions themselves are an outdated nuisance, an inefficiency. Consider this: You're traveling by train and find out that you don't have a public transport card. As a result, the automated gates that stay closed unless you check in with a card won't open for you. You're hesitant to jump over them, because a camera records anyone who tries to sneak in. You walk to a machine that allows you to buy a card, then you charge the card with money and check in at the gates before entering the train.
Upon entering the train, you notice a man walks around who is tasked with ensuring that everyone bought a card. This is his job, his raison d'être. After the train arrives at its destination, you walk out, forget to check out and hurry back home, here you realize that you forgot to check out and money was automatically deducted from your account. You call the train company, wait ten minutes before someone picks up the phone and ask the lady on the other side of the line to send back the money that was excessively deducted from your card because you failed to check out. Does this sound like an efficient society to you?
Consider a simple fact: In most of Western civilization, we house the homeless and provide them medical care because it's cheaper than to have emaciated people wander around in shopping malls who scare off the tourists, steal bicycles and spread tuberculosis. People find themselves wealthier, by sharing some of their wealth with those who are worst off. It's a more efficient manner of running society, that happens to be in everyone's best interest. Economic inequality, is an economic inefficiency. We live in a non-zero sum game. That is, our current situation is unoptimal, the economy as a whole can benefit from having less economic inequality.
Now hear another plain fact: Your society punitively taxes your income, because you're not benefiting society by working a lot. If you work a 9 to 5 job, as most of us do, you get up, leave your house, get stuck in traffic, sit for 8 hours, which ensures chronic health problems down the line, then head back home during rush hour again. The reason you end up with a similar amount of money if you worked 32 hours, is because it happens to be in everyone's benefit. If you worked eight hours less every week, long-term unemployment would be prevented, because more people would be able to participate in the labor market. You would be able to pick up your kids from school, rather than sending them to daycare. Unless you're a genius, nobody benefits from you "working hard". That's why you're not earning more money from it.
So now you have to ask yourself another question: If society doesn't benefit from your "work", then it's time for you to plan ahead for a future in which it renders your work obsolete. What will you do with your life, when the rat race comes to a stop? What will you do, if the neighbor who watches TV for fourteen hours a day ends up driving the same kind of car as you? If you can't spend your time "getting ahead", then what will you do with your life? That's a question that I want you to ponder.
"Life will lose its meaning" You might say. But that's what all weak men believe who can't think outside of the paradigm they were born into. I live in a society where we no longer fight trench wars with neighboring countries or build colonial empires. My life doesn't feel less meaningful as a consequence. I live in a society where I'm not encouraged to go out and fight in defense of some fundamentalist cult. My life does not feel less meaningful. If I won't have to work to sustain myself, I will quite readily find the means to make my life meaningful. If anything, it would become easier for me to have a meaningful life.
There's always something that can be done. We don't get to it, because we're forced to earn a living for ourselves. All geniuses begin their career with an excessive amount of free time. How could Darwin come up with the theory of evolution? Because he was free to visit the Galapagos islands. Why do we have seaweed that tastes like bacon in the supermarket here in the Netherlands? Because a guy had it served on his platter while he was on vacation abroad. Steve Jobs spent his twenties sleeping on people's floors, smoking pot, dropping acid and visiting guru's in India. People are not creative when they have hoops held in front of them. Innovation happens when people are left free to fool around.
Most people are passionate about something. Even white working class men in early 20th century Western Europe who worked in factories had pigeons they trained and bred for races. When people have free time and more resources than they need to sustain themselves, wonderful things are produced. Those who think we need to be kept busy, have insufficient faith in man's ability to find meaning for himself. If people are nurtered well and treated with kindness, they are able to blossom and begin to improve the world they inhabit.
If people turn into television addicted zombies when their chains are removed, it is because they were left injured by society. Dogs used for medical experiments who have their cages opened are hesitant to step out onto the green grass too. I prefer to look at the examples I know, of people who do understand how to deal with this transition. I think back to a woman I knew, who was granted a small fortune because she survived a plane crash unscathed. She travels across Europe in an old Volkswagen van with her boyfriend, I ran into her at a party held by her friends at a squatted countryside manor. She dances in the night and loves without hesitation and her eyes radiate pure joy. It is clear to me that most people are not ready for the transformations that are upon us. They don't want to live at the end of history. They want to head back to what they knew. But at the end of the day, what you are looking at is nothing to be afraid of. It's just green grass.
submitted by moresourdough to accountt1234 [link] [comments]

The Best Experience of Gambling

The Best Experience of Gambling

Luckygames - The best bitcoin gambling site in network.
Welcome to Luckygames, the Best Multicoin Gambling Site. The main goal is to bring you the greatest gambling experience ever with all the high-end features. We are always open for your feedbacks and suggestions that may help to improve ourselves and our favourite website.
Our Features:
★ 5 Awesome Games
★ 60 Cryptocurrencies Accepted
★ Low House Edge - 1%
★ Provably Fair System
★ Cryptocurrency Exchange
★ Affiliate Program
★ Free Tokens to play with
★ Store with Cool Items and Gifts
★ Contests with a Huge Prizes!
★ Faucet up to 2,000 Satoshis
★ Friendly Support
★ Online Chat
... and much more
Our Games:
Balls -
Description: Exclusive game, with exciting animation. There are 11 numbered balls in a row. The player is available to choose from 1 to 8 pcs. After choosing and betting, the magnet starts moving and pulls the winning ball.
Automated Betting: Available (4 Speeds + Mods)
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 1.21x
Max. Multiplier: 10.89x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Dice -
Description: Well known Dice game with the highest multiplier available (99x) and Extremaly Fast automated betting support. The player is available to choose a number from 1 to 98 and a direction of prediction (UndeOver). After choosing and betting, the dice starts moving and choosing the lucky number. You win, if the lucky number hits the predicted range.
Automated Betting: Available (4 Speeds + Mods)
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 1.01x
Max. Multiplier: 99.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Roulette -
Description: European roulette is the most player-friendly version of the game, with only a single zero on the wheel providing excellent odds for gamblers. The European roulette wheel has 37 divisions, where numbers from 1 to 36 and 0 can be found. Numbers from 1 to 36 are alternately colored in red and black, while the single zero is marked in green. Bet on where you think the ball will land by placing chips on the Roulette table and spin the roulette. Once the ball finds its way into the pocket with that particular number, the respective players get paid.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 2.00x
Max. Multiplier: 36.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Cells -
Description: The first multiplayer game at Luckygames! Multiplayer means that other users may play on the same grid with you. There are 195 cells available. You can win up to 5 times of your bet. Each round generated with a fixed number of randomly placed rewards. New round starts, if at least 78 cells are opened.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 2% :
Min. Multiplier: 1.10x
Max. Multiplier: 5.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC****
Hacker -
Description: Imagine, that you are professional hacker! You need to hack as many websites as you can and escape before getting busted. There are 40 cells available. You can choose from 1 up to 38 websites to be hacked in a row. This game was created for the purpose of warning the real hackers not to abuse bugs or injections and report them to website administrator - you will be rewarded. Special thanks to the websites who joined this slogan and kindly agreed to provide their logos. Game Hacker is currently in BETA. You can use only LUCKY-token to play it.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 1% (each hacked website)
Cryptocurrencies:
We have accepted 60 + Cryptocurrencies. The each user can find his favourite coin to play with. If you have any suggestion feel free to contact us.
Support:
If you have any questions or suggestions, feel free to contact us via support form
Our support working 24/7.
This post will be update with the next site update. Join today to our family. Best of luck playing!
submitted by SafeDuffel to BytecoinBCN [link] [comments]

The Best Experience of Gambling

Luckygames - The best bitcoin gambling site in network.
Welcome to Luckygames, the Best Multicoin Gambling Site. The main goal is to bring you the greatest gambling experience ever with all the high-end features. We are always open for your feedbacks and suggestions that may help to improve ourselves and our favourite website.
Our Features:
★ 5 Awesome Games
★ 60 Cryptocurrencies Accepted
★ Low House Edge - 1%
★ Provably Fair System
★ Cryptocurrency Exchange
★ Affiliate Program
★ Free Tokens to play with
★ Store with Cool Items and Gifts
★ Contests with a Huge Prizes!
★ Faucet up to 2,000 Satoshis
★ Friendly Support
★ Online Chat
... and much more
Our Games:
Balls -
Description: Exclusive game, with exciting animation. There are 11 numbered balls in a row. The player is available to choose from 1 to 8 pcs. After choosing and betting, the magnet starts moving and pulls the winning ball.Automated Betting: Available (4 Speeds + Mods)
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 1.21x
Max. Multiplier: 10.89x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Dice -
Description: Well known Dice game with the highest multiplier available (99x) and Extremaly Fast automated betting support. The player is available to choose a number from 1 to 98 and a direction of prediction (UndeOver). After choosing and betting, the dice starts moving and choosing the lucky number. You win, if the lucky number hits the predicted range.
Automated Betting: Available (4 Speeds + Mods)
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 1.01x
Max. Multiplier: 99.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Roulette -
Description: European roulette is the most player-friendly version of the game, with only a single zero on the wheel providing excellent odds for gamblers. The European roulette wheel has 37 divisions, where numbers from 1 to 36 and 0 can be found. Numbers from 1 to 36 are alternately colored in red and black, while the single zero is marked in green. Bet on where you think the ball will land by placing chips on the Roulette table and spin the roulette. Once the ball finds its way into the pocket with that particular number, the respective players get paid.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 2.00x
Max. Multiplier: 36.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Cells -
Description: The first multiplayer game at Luckygames! Multiplayer means that other users may play on the same grid with you. There are 195 cells available. You can win up to 5 times of your bet. Each round generated with a fixed number of randomly placed rewards. New round starts, if at least 78 cells are opened.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 2%
Min. Multiplier: 1.10x
Max. Multiplier: 5.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Hacker -
Description: Imagine, that you are professional hacker! You need to hack as many websites as you can and escape before getting busted. There are 40 cells available. You can choose from 1 up to 38 websites to be hacked in a row. This game was created for the purpose of warning the real hackers not to abuse bugs or injections and report them to website administrator - you will be rewarded. Special thanks to the websites who joined this slogan and kindly agreed to provide their logos. Game Hacker is currently in BETA. You can use only LUCKY-token to play it.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 1% (each hacked website)
Cryptocurrencies:
We have accepted 60 + Cryptocurrencies. The each user can find his favourite coin to play with. If you have any suggestion feel free to contact us.
Support:
If you have any questions or suggestions, feel free to contact us via support form Our support working 24/7.This post will be update with the next site update. Join today to our family. Best of luck playing!
submitted by SafeDuffel to eos [link] [comments]

The Best Experience of Gambling

Luckygames - The best bitcoin gambling site in network.
Welcome to Luckygames, the Best Multicoin Gambling Site. The main goal is to bring you the greatest gambling experience ever with all the high-end features. We are always open for your feedbacks and suggestions that may help to improve ourselves and our favourite website.
Our Features:
★ 5 Awesome Games
★ 60 Cryptocurrencies Accepted
★ Low House Edge - 1%
★ Provably Fair System
★ Cryptocurrency Exchange
★ Affiliate Program
★ Free Tokens to play with
★ Store with Cool Items and Gifts
★ Contests with a Huge Prizes!
★ Faucet up to 2,000 Satoshis
★ Friendly Support
★ Online Chat
... and much more
Our Games:
Balls -
Description: Exclusive game, with exciting animation. There are 11 numbered balls in a row. The player is available to choose from 1 to 8 pcs. After choosing and betting, the magnet starts moving and pulls the winning ball.
Automated Betting: Available (4 Speeds + Mods)
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 1.21x
Max. Multiplier: 10.89x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Dice -
Description: Well known Dice game with the highest multiplier available (99x) and Extremaly Fast automated betting support. The player is available to choose a number from 1 to 98 and a direction of prediction (UndeOver). After choosing and betting, the dice starts moving and choosing the lucky number. You win, if the lucky number hits the predicted range.
Automated Betting: Available (4 Speeds + Mods)
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 1.01x
Max. Multiplier: 99.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Roulette -
Description: European roulette is the most player-friendly version of the game, with only a single zero on the wheel providing excellent odds for gamblers. The European roulette wheel has 37 divisions, where numbers from 1 to 36 and 0 can be found. Numbers from 1 to 36 are alternately colored in red and black, while the single zero is marked in green. Bet on where you think the ball will land by placing chips on the Roulette table and spin the roulette. Once the ball finds its way into the pocket with that particular number, the respective players get paid.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 1%
Min. Multiplier: 2.00x
Max. Multiplier: 36.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC
Cells -
Description: The first multiplayer game at Luckygames! Multiplayer means that other users may play on the same grid with you. There are 195 cells available. You can win up to 5 times of your bet. Each round generated with a fixed number of randomly placed rewards. New round starts, if at least 78 cells are opened.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 2% :
Min. Multiplier: 1.10x
Max. Multiplier: 5.00x
Min. Bet Amount: 1 Satoshi
Max. Bet Amount: 0.1 BTC****
Hacker -
Description: Imagine, that you are professional hacker! You need to hack as many websites as you can and escape before getting busted. There are 40 cells available. You can choose from 1 up to 38 websites to be hacked in a row. This game was created for the purpose of warning the real hackers not to abuse bugs or injections and report them to website administrator - you will be rewarded. Special thanks to the websites who joined this slogan and kindly agreed to provide their logos. Game Hacker is currently in BETA. You can use only LUCKY-token to play it.
Automated Betting: Unavailable
Provably Fair: Available
House Edge: 1% (each hacked website)
Cryptocurrencies:
We have accepted 60 + Cryptocurrencies. The each user can find his favourite coin to play with. If you have any suggestion feel free to contact us.
Support:
If you have any questions or suggestions, feel free to contact us via support form
Our support working 24/7.
This post will be update with the next site update. Join today to our family. Best of luck playing!
submitted by SafeDuffel to bitcore_btx [link] [comments]

Bringing Litecoin to the masses

For those that thought xinxi's LTC envelopes were a step backwards... I wanted to assure you that it’s not. I've been privately mulling over ideas with LTC members on how to most efficiently get LTC into the hands of millions with little to no effort (or tech skills). Xinxi's idea is awesome and I think it could somehow merge with some thoughts I’ve been having. My sole focus is on distribution of this concept and the speed at which it occurs. Based on my firsthand experience in many developing countries I know there is a massive need for the unique utility that LTC provides.
THE PROBLEM - To obtain Litecoin you currently need to: A. Buy it online with dollars or other fiat B. Buy ASICS or mine a GPU coin C. Waste time with faucets that are a joke D. Exchange your labor with someone that actually has access to BTC
If we can bridge this gap it will result in the fastest acceptance of crypto we've ever seen. Imagine you're a 17-year-old living in Argentina with 1,500 pesos/month from a part time job with no bank account or debit/credit cards.
You... A. want to pay for some online items from the League of Legends cash shop or other digital services. B. you heard about Litecoin/Bitcoin and want to also save your money in a smartphone wallet for when you want to shop online again.
You walk to a local convenient store and ask for $20 worth of LTC. He hands you the LTC envelope or printed paper wallet and you hand him the cash and head home (or do it there). Open your phone, load up your LTC wallet and access the LTC. Send your LTC directly to League of Legends (in the future or convert it), then save the rest for later. These stores already carry phone/internet refill cards/SIM cards and international calling cards, so think of it like that.
Quick Concepts: (what I imagine when walking into one of these convenience stores) http://i.imgur.com/qUvtR66.jpg http://i.imgur.com/olE3rOt.jpg http://i.imgur.com/wYddnyk.jpg http://i.imgur.com/EniVbIV.jpg
This would be an amazing project if launched by the LTC association.
What the project should provide: (I imagine) 1. The envelope/paper wallet design to be used as cash. Would have a unique cut out pattern with graphics. 2. The informative material for the users to read when they see the sign for the first time. 3. The sign store owners could display for both interior and exterior use. 4. Possibly a video we could create for the project to explain to the store owner the functionality and why their customers will want/need this service. 5. A breakdown of how the store owner could generate additional income by providing this service at little to no cost to themselves. Let the free market decide whether they want to charge 1% or 5% over spot and the convenient stores could compete for the business in their local area. The store owner could find his or her exchange for their country and buy the coin to try offering the service to their customers. 6. This landing page could say select your country/language and auto convert all this material to their native language and potentially a design that fits each country (culturally). 7. Maybe a breakdown for the store owner and or users all the purposes they could have for using this free service.
Final thoughts are that Crypto ATMS seem like a dud and very expensive/difficult to deploy quickly. I know TONS of non-techie people that would easily throw $100 at LTC as a form of speculation if they could simply drive to a convenience store and hand them the cash (similar to a lotto ticket). From what I’ve seen, there are countless teenagers in Central and South America that want to buy things online such as digital or physical products or services, but they can’t since they have no bank/credit/debit cards and that’s sad.
If members of the LTC community could lend me their thoughts on this concept I’d love to hear them. I love the idea of xinxi’s special envelopes which could be used in this or if they could print everything out at their store (that could be more efficient). I already know this would be absolutely HUGE in developing countries, but maybe there are some variables/pieces I may have over looked
Let me know! Thanks guys :)
submitted by dballing1 to litecoin [link] [comments]

High-risk Security vulnerabilities Left Unchecked Before the EOS Mainnet Countdown

Why BP Candidate Alliance Couldn’t Successfully Launch EOS Mainnet NO GO
!!!Final Warning From EOSForce.io!!!
This is a technical article for the developers of the BP candidate team and those interested in EOS security research.
As a team has conducted in-depth research on EOSIO software and has conducted extensive deployment testing, EOSForce.io has repeatedly warned the security risks of mainnet, and has fixed some problems identified already. Recently, as the research deepens, we have discovered more potential security risks, and some other BP candidate have begun to pay more attention to the safety of the mainnet.
We are going to reveal nine core security issues that still plague us up to now. We have made some preliminary solutions ourselves since Block.one claims not to be responsible for the security of any mainnet. We also attempt to help you understand why EOSForce.io's changes to EOSIO are necessary. If there is a better solution, we also hope that you could communicate with us and contribute to the safety of EOS. EOSForce.io promises not voting for the Block Producer, and will not start the mainnet until the public testing is completed. It is highly not recommended that users import private keys to activate mainnet assets before that.
In order to tackle the current troubles of EOS, EOSForce.io has made the latest precautions, hoping to start the EOS mainnet safely with minimum functionality. Then slowly release the corresponding functions after the formal verification of each restriction module and the large-scale test verification passed.
1st Problem: EOS proposes a resource-based mortgage model, but the implementation is far away from its original expectation. The public chains already in operation all use fee-based model.
There are two benefits of charging transaction fee:
  1. To prevent chain-level DDOS, it is well-known that the reason that Ethereum's POW test network is often attacked is testnet token has no value and there is no threshold to prevent chain-level attacks. The reasonable setting of each code gas price for Ethereum in the past is also on this purpose. Everyone knows that the best way to prevent DDOS is to enforce the cost of attacks much greater than the profits.
  2. Transaction fee can be used as a source of incentives to maintain the ecological stability of the entire chain. The Idea of ** EOS Based, Mortgage Model ** is innovative, free of charge, at the beginning everyone (including BM) expects to prevent DDOS via staking resources, and later expects to establish EOSraM and other related resource tokens to generate incentives. What solves the problem of transaction fees. However, the issue of transaction fee is only a bit of a connection between the System contract and bottom layer, and it does not meet the expectation. For developers, as long as you randomly launch a testnet, you can send transactions without any cost, which could verify the problem I mentioned. This is a fatal problem at chain level, far more severe than 360 "epic" traditional memory leak. As long as any person opens a computer, continuously to send batch transactions to EOS network. The network will fail.
EOSForce.io Prevention 1 :In response to this issue, EOSForce.io adds a price setting to each action based on EOS. At this moment, EOS has not implemented a fully opertional resource model, so we add a fee-based filter for transaction. When BM Master get it completely done, EOSForce could turn off the transaction fee filter and eventually prevent DDOS attacks through resources staking.
2nd Problem:EOS has a root user, which means that the super-privilege can be authenticated without a private key. Besides accounts that start with the characters eosio. are all quasi-super-authority accounts (there is already eosio now). This goes against the sacred inviolability of personal assets under the protection of private keys in the basic function of blockchain philosophy.
EOSForce.io Prevention 2: In response to this problem, EOSForce.io restricts the entire system to have only one privileged account, which is eosio, whose public key is all zero, the address is EOS1111111111111111111111111111111114T1Anm. No one owns or knows its private key.
3rd Problem: The design structure of the transaction is too complicated You can see the complete EOS block data we have extracted. A transaction in EOS could consist of an array of actions and multiple context free action arrays. Inline action could be added in the action , context free action does not require signature, and actions can contain a large number of inline actions. EOS is executed sequentially in action units. The transaction can also be delayed. All these designs are very innovative, thanks to BM. However, such a sophisticated system is too large and there are many points that can be attacked. Transaction with delayed transaction, an action could include multiple inline action. Such complex functionalities require long time, variety of case combinations and strong test validation.
EOSForce.io Prevention 3: We are also organizing a lot of teams to conduct testing and verification in this area. But for the safety of stakeholders, we enforce a transaction can only include a single action, limiting context free actions requiring no signature. After the successful implementation of various tests formal verification results, as well as large-scale case test verification, this layer of filter would be removed.
https://preview.redd.it/ql0ohafwyy211.jpg?width=898&format=pjpg&auto=webp&s=be2c53d8e04f3286af1d63d354d952dae46d3384
4th Problem: EOS queries such as get table query interface can not specify keyword query in batches Here I have to marvel at BM's technical genius. He uses multi plugin pluggable module programming. Multiple modules are single-rowed and can be accessed by each other. In addition, he also used the message bus microservice programming mode. As long as each module is interested in the corresponding message and registers the corresponding message bus, corresponding messages can be accepted. However, many of the query interfaces in these modules can only be queried in batches. When the data is small, it is acceptable. But when there are a million tps, such a query allow basically no machine to meet the need. Although --key is a field in EOS, it is always as the memo parameter in the transfer interface in EOS code, only has a name, no implementation.
EOSForce.io Prevention 4: Add-key A fixed-point small query by keyword.
5th Problem: The faucet plugin in EOS has been deprecated for a long time and it's broken now. This plugin allows users to register a user name through a third party.
EOSForce.io Prevention 5: Reactivate faucet plugin.
6th Problem: The instability of chainbase database. For instance, you could call the interface of chainbase and store the same data twice, then the program could core dump. The multiIndex table in the EOS contract also utilized chainbase. When you modified the different columns of the same row in a table, only the last update will be successful.
EOSForce.io Prevention 6: We would review seriously the code related to this issue as well as other problematic parts.
7th Problem: EOS wasm-jit was a direct fork of Andrew Scheideckers code for the past two years, as well as a fork of the official webassembly. There are so many bugs within which requires large-scale testing.
EOSForce.io Prevention 7: EOSForce.io creates a built-in system contract since the genesis block, making the system contracts genuinely. EOSForce.io also limits setcode, setabi interface.
8th Problem: EOS has no world state. If you want to know whether the chain has been forked, the only avaliable approach is the block-level verification.
For example: Node A and B have a same transaction list, that is, the blocks are all the same. However, the two nodes exxcuted two different databases store for each account and the chain is unknown to that. Possibility of attack: Although BM sets that only contract table owner has privilege to modify in apply_context.cpp. However, it cannot be ruled out that the table of different contract accounts cannot be directly done related state landing attack by constructing the corresponding key value externally. At this time, all the pieces in the chain are the same, but the state storage in each node will be different, even cover the corresponding table across accounts and change the status of different contract accounts.
EOSForce.io Prevention 8:Restricts the function of freely submitting code, they would be released after all of these have been formalized.
9th Problem: Unstability of mongodb, sql plugin. The mongodb plugin works before. After a while, they want to abandon mongodb and replace it with sqldb plugin. However, this change is deadly for eco-developers.
EOSForce.io Prevention 9: EOSForce.io is recruiting blockchain developers on a large scale. There will be better and more continuous updates to the filter module and database plugins.
Blockchain is not like traditional software development. Security and stability must be the first citizen in Blockchain world, otherwise everything is zero. Each vulnerability could incur a large-scale coin-losing accident, in which case even though the million TPS makes any sense. The security and stability cannot be overemphasized. We should extend performance and expand features on the basis of ensuring safety and stability. We believe in BM, and we also respect the brilliance of EOSIO that BM has brought us. However, it is impossible for any program to have no bugs. There are essential differences between block chain and centralized system. Centralized system's code update and data modification authority are entirely responsible by the centralized organization, and it is free to go online, find BUG, ​​fix BUG, ​​roll back data, offset account, high-speed iteration and other operations. But block chain can't seem to be bug-free, or it would go online without obvious BUG, the data on the chain is all related to the highest value user assets, even if 99% is no problem, there is still 1% risk, as long as there is any point or dimension that can be attacked, the block chain network will certainly fail, do not hold any chance. The EOSIO code has continued to iterate over the past year, especially in April and May. It has reduced the previous complex design, revised all the way to the 1.0 version released on 1st June, and few teams have conducted a complete test on EOSIO. The traditional security attack-defense operation and maintenance test can not be considered as a real test. What really needs to be tested is the voting process on the chain, resource-related issues, custom contracts, etc. This kind of test case needs to be written for several months. We all know that the number of Ethereum's test data and test scripts are several times of the codes themselves.
Today, the market value of EOS once reached 100 billion RMB, and the details are so numerous that it far exceeds the scale of Bitcoin and Ethereum when they went online. If the security of the chain itself cannot be guaranteed, the user's assets will shrink substantially or become zero. Block.one has always stressed officially that it will not be responsible for the security of EOS mainnet. EOSForce.io has done a lot of testing and repair of the significant risks inherent in EOSIO. No one dare to say that it is 100% safe at the moment. Now we sincerely invite all EOS community users, BP candidates, and third-party security teams to verify a secure EOS mainnet. It would go online after confirming that there are no major security risks. Welcome to login EOSForce.io to participate in the beta EOS mainnet. We pay tribute to Oracle chain, EOS Shenzhen and other teams that voted “No go”. There is no compromise on security issues.
submitted by EOSForce to u/EOSForce [link] [comments]

Ore-mine guide

Ore-Mine Faucet Game Review
Ore-Mine Faucet Game Review
Faucet, Game, Passive
Ore-Mine Faucet Game Review
 Faucet Exchange
 February 9, 2015
19 Comments
Ore-Mine.com is an interesting concept that looks overwhelming but is actually rather simple. It is a faucet that works while you are away, but you will still need to check-in on it at least 1 time every 40 hours to collect the earnings generated every 8 hours. So let it tick over and earn for you, or get busy and promote, buy or gamble for upgrades that will increase your rate of return or add to your total bitcoin balance.
Below is a basic review and breakdown type guide. If you have even more experience and information on how features work, please share in the comments.
View the image gallery of screenshots at the bottom of the post.
Faucet Feature There is a timer that counts down 8 hours and then you will have 1 of 5 production spaces filled on each production line. There are 2 production lines, “Daily Bonus” and “Store”. If they are plain gray then there is nothing to collect. If there is an icon in there, then you can collect it by clicking on it.
Daily Bonus As the name suggests, it is a bonus. So after 8 hours you will receive a question mark “?”. When you click the question mark image you may receive a reward. You may receive Ore which will add to your BTC or a Coin which will add to your BTC balance or a Pick which will add to your Production. slot_question Ore Mine Ore Ore Mine Gold Ore Mine Pick
Store After 8 hours it will fill 1 square with an icon that will provide you with a reward. The reward value will be calculated on your “Referrals” and “Production” values.
Referrals If you like this system and want to share it, then make sure you use your referral link. Referring people will add to your mines production statistics and improve rewards. To find your referral link, click on “Referrals” in top right. The referral page has your “Partners Link” and your earnings from the people who have come in with your link. Your link will look something like the following, but you will have your own unique number on the end.
http://ore-mine.org/?r=80529
At the time of writing “Every active referred user will bring you 6% affiliate reward and +1 to the number of referrals. Invite your friends to Ore-Mine game and you will have more ore. Special offer: +1 production per user for the first 20 new users referred.”
Production This is where you can pay to speed things up. You can buy Production that will increase the reward value at the end of each 8 hour cycle. Purchasing Level 3 will also increase what you earn from your referrals too. The referral increase would be very handy if you have built up a number of people below you who have high production.
Deposit & Withdraw You can deposit existing bitcoins if you want to purchase upgrades or use the casino game. They display credit card logos that link to a page that provides details and a website, HowToBuyBitcoins.info, that maybe able to help you purchase bitcoins in your country and then deposit them on the site.
The withdraw feature look reasonably standard with added password check which might slow down any opportunists that might be on your PC. There is a withdrawal fee of 0.0005 BTC which is basically your minimum withdrawal amount.
Casino Game When logged into the Ore-Min you will see a link “Win The Jackpot” in the bottom left. Here you can gamble your funds on the mini game. You can select different “Lands” which will cost more to reveal, but the cost is relative to the prize. You will be hunting for crystals that if found, will multiply the amount you spent to open that square. It is gambling, and there is no guarantee you will get a return. They do not share what the odds are for winning.
They also highlight that you will receive 6% of what ever your referrals spend on this game, which is a nice bonus.
So if you like the idea, sign up today for free and make a start!
http://ore-mine.org/?r=80529
This is the welcome screen with the advertising blocked out This is the welcome screen with the advertising blocked out Registration is easy Registration is easy This is the core of the game This is the core of the game Deposit more BTC funds to improve your production or gamble Deposit more BTC funds to improve your production or gamble Withdraw your BTC earnings Withdraw your BTC earnings You can upgrade your mine to increase production You can upgrade your mine to increase production You can bet your earnings with this these mini games You can bet your earnings with this these mini games
submitted by RangerHammond to OREMINE [link] [comments]

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Bitcoin Faucet: Iron Faucet - 4 satoshis every 5 minutes (Faucetpay) NO SHORTLINK

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account ... bitcoin free mining without investment (paying since long time) LINK:Install and Get 2$ (ONLY FOR USA ,UK,Canada,Australia USERS) https://in.orangepie.biz/9779841 Earn Free Bitcoins with sites Free Bitcoin & Money Link: https://btcsmash.io/?i=19999 We give you 50 FREE HITS to start instantly https://blocksmash.io/?invite=8338 Get 35 FREE hits and s... Earn from Bitcoin faucets here: ( Tip- You can use this youtube site to "right click" then "open link in new tab" each faucet site below one by one to make the process fast and efficient ) Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account ...

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