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Improv Trader . Crypto Charts . STEEM Bitshares EOS Ethereum Litecoin Bitcoin

Improv Trader . Crypto Charts . STEEM Bitshares EOS Ethereum Litecoin Bitcoin submitted by jacobandjake to steemit [link] [comments]

NEO Reaches Top 5! / BitShares 🔽5% / OmiseGo 🔼17% / Bitcoin & Altcoin Price Chart Readings

NEO Reaches Top 5! / BitShares 🔽5% / OmiseGo 🔼17% / Bitcoin & Altcoin Price Chart Readings submitted by brklyn8900 to TheCryptoverse [link] [comments]

My attempt at a 100x portfolio for 2018

As you might remember, last month, I took all Top100 coins and categorized them into their 12 markets. https://www.reddit.com/CryptoCurrency/comments/8a8lnwhich_are_your_top_5_favourite_coins_out_of_the/
This was all done with the goal in mind to find a portfolio that can return 100x in 2018.
The assumption for this portfolio is that Bitcoin will go up by 4x ($32,000) until the end of 2018 amassing a total market cap of 3$ trillion as a conservative estimate in comparison to our 6 last bull runs, which were
Number Multiple Period Year Price Correction Correction period
1 9x 5 days 2010 $0.008-$0.08 0% -
2 10x 5 months 2010 $0.08-$1 -30% 2 months
3 40x 2 months 2011 $0.07-$30 -90% 5 months
4 14x 3 months 2013 $15-$213 -65% 3 months
5 12x 2 months 2013 $139-$1132 -85% 13 months
6 20x 7 months 2017 $1000-$19,800 -70% 3 months
7 17x 4 months 2018 $5,800-100,000? -70% 5 months
Source: www.99bitcoins.com/price-chart-history/
As you can see, a 17x bull run on Bitcoin happens on average around once a year. Many altcoins went 100x in the last bull run, since altcoin always grow much stronger than the behemoth Bitcoin.
Building a strong portfolio always boils down to the following 3 factors:
  1. Pick the best assets. In order to do that, I analyzed all top 100 cryptocurrencies, and picked the best ones within each market. Then, I looked for other coins that are within the Top1000 and that are actually better than the leaders in each market from the top 100, due to their short time in the market and being underdogs
  2. Diversify The whole portfolio is designed to catch 2-3 really good coins that return 300x-1000x. The rest of the coins will probably return 20x, 50x or some even only 2x. That's why you need at least 10 coins to make sure you to catch your top performers. 5 coins would be too few, since you might only catch 1 top performer if at all.
  3. Centralise You need to diversify, but also don't diversify too much, because then you are spread too thin. That's why 20 coins would be too many, because even if if you catch 3 top performers, you would only have 15% of your money in it.
For these 3 reasons, the number of coins is set at 14 and is divided into
  1. 26% High risk high return coins
  2. 50% Medium risk medium return coins
  3. 24% Low risk low return coins

Portfolio

All coins are listed on Binance or KuCoin and their weights are listed on the second tab of my excel spread sheet: https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=1597706888
High risk high return 26%:
The point of a high risk high return portfolio is to catch one 1000x-coin among them. These 3 coins give a 1000x return when going to a $10B market cap for BNTY and Elix. These are the best <$10M from my research. Other contenders were Xspec, Sumo, Snovio, DeepOnion, Masari.
  1. 10% BNTY is a platform where you can earn money through finding bugs, a bug bounty. BNTY soon wants to expand into “bounties” for gigs, to become the new fiverfreelancer.com.
  2. 10% Elix is a lending platform with a unjustified tiny market cap in comparison to its competitors LEND, SALT.
  3. 6% Havven is a stable coin. There are already 3 other stable coins with higher market caps, Maker, DGD, Bitshares, however, Havven is the 4th one with a 30x smaller market cap. Investing in a stable coins isn't investing in the coin itself obviously, since it is supposed to stay stable, but in the company that launched the stable coin.
Medium risk medium return 49%:
These coins are the backbone of the portfolio. They are all legit projects with a product out already, a strong team, strong community and a potent market. All of these coins will probably make a 20x return and some a 100x-200x return, possibly PRL, GAS and ENJ, that’s why they have more weight than the others.
  1. 10% PRL is in the decentralized data storage market as Siacoin, Gbyte, Maidsafecoin, Storj, only that it has a 5x smaller market cap and that it actually makes the storage useful by allowing people who store other people’s files to renounce ads and instead make their money through storing files.
  2. 13% It has been rumoured that GAS market cap will surpass NEO’s. For that reason, investing in GAS it is the same as investing in NEO, LISK, ARDR, etc. only that is has a 20x smaller market cap. If GAS ever only to 50% of Neo's market cap, it will have returned 7,5x more profit than NEO.
  3. 8% ENJ is the investment in the gaming market. Enjin has a platform with already 20 million players and has is already being used as a currency in Minecraft since 1 month ago.
  4. 6% Enigma is privacy for smart contracts on Ethereum
  5. 5% Req is in the currency and liquidity exchange market just as QASH, Loopring, Cryptonex, Bitshares, Kyber network, Bancor, ZRX, Achain, only that Req has probably the strongest community of all, best partnerships and is also more feature rich
  6. 6% Steem is a social network, very similar to reddit, only that you can upvote with tokens/money. Steem has already an Alexa rank of 1,000. What's more, Steem also has a stablecoin, Steem Dollar, which adds additional potential to this investment
Low risk low return 25%:
These are the safest bets with a working product, a large community and among the most potential within the Top100. Out of these, BNB is probably the safest bet of all, because it is directly tied to Binance, the exchange that has made it as the undisputed number 1 exchange due to excellent professionalism, transparency and intelligent leadership.
  1. 8% Vechain is a supply chain platform and the coin with the most and strongest partnerships closed within the cryptosphere.
  2. 4% Nano is probably the fastest and most lightweight cryptocurrency right now with instant transactions, zero fees and one millionth the energy use of Bitcoin due to it’s 3rd generation blockchain, the block lattice.
  3. 8% IOTA is similar to Nano with instant transactions, zero fees, very low energy usage thanks to its 3rd generation blockchain, the tangle. While it has bigger potential than Nano, it also still has some bugs and security issues to work out.
  4. 5% BNB, is probably the safest of all bets. It is among the only 5 cryptocurrencies that have turned a 10%+ profit this year. https://www.cointimemachine.com/top-100-best-cryptocurrency-list-2018/
Here are the coins categorized into their respective markets.
Currency 12%
  1. 4% Nano
  2. 8% IOTA
Platform 26% =38%
  1. 8% Vechain
  2. 5% Req
  3. 13% GAS
Ecosystem 10% = 48%
  1. 10% ELIX
Misc 10% = 58%
  1. 10% BNTY
Privacy 6% = 64%
  1. 6% Enigma
Data Storage 11% = 75%
  1. 11% PRL
Gaming 8% = 83%
  1. 8% ENJ
Fee token 5% = 88%
  1. 5% BNB
Social Networking 6% =94%
  1. 6% Steem
Stablecoin 6% = 100%
  1. 6% Havven
The only market not served is Cloud computing. Apart from that all other 11 markets are served, yielding a balanced portfolio with the best coin(s) of each market.
I published the portfolio on cryptocompare at an investment of $1,000 for comparison: https://www.cryptocompare.com/portfolio-public/?id=385438
submitted by galan77 to CryptoCurrency [link] [comments]

Crypto Telegram Groups

Cryptocurrencies:
@AelfBlockchain - ELF@Aeternity - AE@ArdorPlatform - ARDR@ArkEcosystem - ARK@AugurProject - REP@BATProject - BAT@BeamPrivacy - BEAM@LetsLiveBela - BELA@BitbayOfficial - BCN@Bitcoin - BTC@BitcoinCore - BTC@BitcoinCashFork - BCH@BitcoinGoldHQ - BTG@Bitshares_Community - BTS@BSVChat - BSV@BTTBitTorrent - BTT@BytecoinChat - BCN@BytomInternational - BTM@CallistoNet - CLO@CardanoGeneral - ADA@CentralityOfficialTelegram CENNZ@CloakProject - CLOAK@ChainLinkOfficial - LINK@CosmosProject - ATOM@Counterparty_XCP - XCP@CryptoComOfficial - MCO@CyberMilesToken - CMT@Dash_Chat - DASH@Decred - DCR@Dfinity - DFN@DigiBytecoin - DGB@DigixDAO - DGD@TheDogeHouse - DOGE@Electracoin - ECA@Emercoin_Official - EMC@EnigmaProject - ENG@EOSProject - EOS@EthClassic - ETC@Ether - ETH@EUNOofficial - EUNO@Everipedia - IQ@FactomFCT - FCT@Filecoin - FIL@GnosisPM - GNO@Grincoin - GRIN@Groestl - GRS@Hyperledger@IOTAtangle - IOTA@KomodoPlatform_Official - KMD@KyberNetwork - KNC@LAToken - LA@Litecoin - LTC@MaidSafeCoin - MAID@MakerDAOOfficial - MKR@Monero - XMR@Namecoin - NMC@Navcoin - NAV@Nemred - XEM@Neo_Blockchain - NEO@NervaXNV - XNV@Nimiq - NIM@NxtCommunity - NXT@OmiseGo - OMG@OmniLayer - OMNI@OntologyNetwork - ONT@Peercoin - PPC@PolymathNetwork - POLY@QtumOfficial - QTUM@RavencoinDev - RVN@Ripple - XRP@RSKOfficialCommunity - RIF@Siacoin - SIA@SirinLabs - SRN@Sonm_Eng - SNM@StellarLumens - XLM@StratisPlatform - STRAT@TezosPlatform - XTZ@TronNetworkEN - TRX@UnobtaniumUNO - UNO@Vechain_Official_English - VET@VertcoinCrypto - VTC@Viacoin - VIA@ViberateOfficial - VIB@VSYSOfficialGroup - VSYS@WavesCommunity - WAVES@ZB_English - ZB@ZCashco - ZEC@ZClassicCoin - ZCL@ZCoinProject - XZC

Crypto Communities:
@Aetrader - EN@Allemaalrijk - NL@Altcoins - EN @ArgenPool - ES@AussieCrypto - EN @UKBitcoin - EN@Binarydotcom - EN@BitcoinChat - EN @BitcoinInvestimento - PT @BitNovosti - RU @BitUniverse - EN@BlockhcainMinersGroup - EN@BsodPool - RU@BTCFinland - EN@BTChat - RU@BullBearr - EN@CoinFarm - EN @CoinGecko - EN @CoinMarketCap - EN @CoinPaprika - EN @CrypticIndia - EN@Crypto_CN - ZH @Crypto_ON - RU @CryptoAdvisorOfficial - EN@CryptoAquarium - EN @CryptoBeats - EN @CryptoBoerderij - NL @CryptoCharity - EN@CryptoCoinClub - EN@CryptoExpo_Moscow - RU@CryptoGene - EN@CryptoGifs - EN @CryptoGurusOfficial - EN@CryptoInsidersLobby -@CryptoHispanonet - ES@CryptoMining - EN @CryptoMondayDE - DE@CryptoOnMining - RU@CryptoRomania - RO @CryptoTipsChatFR - EN@CrypVision - DE @ElijaBoomC - EN@FanaticosCriptos - PT @ICOCountdown - EN@ILoveNina - EN@IndiaBits - EN @Kampungkoin - EN@KriptoTurkiye - TR @KryptoCoinsDE - DE@KryptoDETrading - DE @KryptoVerSteuerung - DE@MinerSpeak - EN@MiningBazar - RU @MMCryptoENG - EN@RepublicCrypto - EN@SideChains - EN@SmartContracts - EN@SportsBet - EN @StrapeCharts - EN@TamilBTC - EN@TheCoinFarm - EN @TheCryptoMob - EN@TokenMarket - EN@TrezorTalk - EN@Trollbox - EN @WCSETalks - EN@WhaleClub - EN (Invite Only)@WhaleClubClassRoom - EN@WhalePoolBTC - EN @WhaleTankChat - EN@XMRMine - EN
Crypto News Channels:
@AltCoin - EN@Avalbit - EN@Bit_Novosti - RU @BitcoinBravado - EN @BitcoinChannel - EN@BitcoinExchangeGuide - EN@BitcoinMagazinebot - EN @BitOracle - RU@BitRu - RU@CDiamonds - EN@Coin_Analyse - DE@CoinCentral - EN@CoinDesk - EN @CoinGape - EN@CoinNewsChannel - EN@CoinNewsDE - DE@CoinTelegraph - EN @Cointified - EN @Cripto247 - ES@CriptoNoticias - ES @Crypto_News_Channel - EN@CryptoAlerts - EN @CryptoAMB - EN@CryptoAsiaNews - ZH @CryptoChan - RU@CryptoClubAlerts - EN@CryptoCurrency - EN@CryptoExplorerChannel - EN@CryptoMartez - EN@CryptoNinja_News - EN@CryptoNyka - RU@CryptoRankNews - EN @CryptoSentinel - EN@CryptoSeson2020 - EN@CryptoSlateNews - EN@CryptoSnippets - EN@DecentralBox - DE @ForkLog - RU @JingBao - ZH @Krepta_News - RU@Krypto_Deutschland - DE@KryptoNachrichten - DE@NewCryptoJournal - EN@MGonCrypto - EN @OneMinuteLetter - EN@RichardsCalls - EN@SmartLiquidNews - EN@TheBCJ - RU @TONorg - EN @Unfolded - EN @WhalebotAlerts - EN @Xblockchain - FA

Trading Analysis:
@Altchica - EN@AltcoinWhales - EN @AnhemTrader - VI@Bitafta - EN@CacheStation - EN @Checksig - EN @CryptoCharters - EN @CryptoCredTA - EN @CryptoInMinutes - EN@CryptoScanner100Eyes - EN @ExcavoChannel - EN@KXiantu - ZH @Pierre_Crypt0_Public - EN@PsychoChromatic - EN @SalsaTekila - EN@ScalpingMF - EN@T45Investments - RU@TASmartAlerts - EN@TheLionDen - EN@TraderMillClub - EN@WCSEChannel - EN@WCSERussia - RU@WhaleTank - EN@WinterWolvesTA - EN @WolfPackSignals - EN
Indicator Bots:
@Crypto_Scanner - EN@CryptoQuantBotChannel - EN@BitmexRekts - EN@BounceBotBin - EN@Coin_Pulse - EN@Coin_Pulse_Listing - EN@CoinTrendz - EN @CryptoChan_HighLowPulse - EN @DataLightMe - EN@WallMonitor - EN @Whale_Alert_io - EN @WhaleCalls - EN @WhalepoolBTCFeed - EN @WhaleSniper - EN
submitted by Aztek_btc to cryptogroups [link] [comments]

The core concepts of DTube's new blockchain

Dear Reddit community,
Following our announcement for DTube v0.9, I have received countless questions about the new blockchain part, avalon. First I want to make it clear, that it would have been utterly impossible to build this on STEEM, even with the centralized SCOT/Tribes that weren't available when I started working on this. This will become much clearer as you read through the whole wall of text and understand the novelties.
SteemPeak says this is a 25 minutes read, but if you are truly interested in the concept of a social blockchain, and you believe in its power, I think it will be worth the time!

MOVING FORWARD

I'm a long time member of STEEM, with tens of thousands of staked STEEM for 2 years+. I understand the instinctive fear from the other members of the community when they see a new crypto project coming out. We've had two recent examples recently with the VOICE and LIBRA annoucements, being either hated or ignored. When you are invested morally, and financially, when you see competitors popping up, it's normal to be afraid.
But we should remember competition is healthy, and learn from what these projects are doing and how it will influence us. Instead, by reacting the way STEEM reacts, we are putting our heads in the sand and failing to adapt. I currently see STEEM like the "North Korea of blockchains", trying to do everything better than other blockchains, while being #80 on coinmarketcap and slowly but surely losing positions over the months.
When DLive left and revealed their own blockchain, it really got me thinking about why they did it. The way they did it was really scummy and flawed, but I concluded that in the end it was a good choice for them to try to develop their activity, while others waited for SMTs. Sadly, when I tried their new product, I was disappointed, they had botched it. It's purely a donation system, no proof of brain... And the ultra-majority of the existing supply is controlled by them, alongside many other 'anti-decentralization' features. It's like they had learnt nothing from their STEEM experience at all...
STEEM was still the only blockchain able to distribute crypto-currency via social interactions (and no, 'donations' are not social interactions, they are monetary transfers; bitcoin can do it too). It is the killer feature we need. Years of negligence or greed from the witnesses/developers about the economic balance of STEEM is what broke this killer feature. Even when proposing economical changes (which are actually getting through finally in HF21), the discussions have always been centered around modifying the existing model (changing the curve, changing the split, etc), instead of developing a new one.
You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.
What if I built a new model for proof of brain distribution from the ground up? I first tried playing with STEEM clones, I played with EOS contracts too. Both systems couldn't do the concepts I wanted to integrate for DTube, unless I did a major refactor of tens of thousands of lines of code I had never worked with before. Making a new blockchain felt like a lighter task, and more fun too.
Before even starting, I had a good idea of the concepts I'd love to implement. Most of these bullet points stemmed from observations of what happened here on STEEM in the past, and what I considered weaknesses for d.tube's growth.

NO POWER-UP

The first concept I wanted to implement deep down the core of how a DPOS chain works, is that I didn't want the token to be staked, at all (i.e. no 'powering up'). The cons of staking for a decentralized social platform are obvious: * complexity for the users with the double token system. * difficulty to onboard people as they need to freeze their money, akin to a pyramid scheme.
The only good thing about staking is how it can fill your bandwidth and your voting power when you power-up, so you don't need to wait for it to grow to start transacting. In a fully-liquid system, your account ressources start at 0% and new users will need to wait for it to grow before they can start transacting. I don't think that's a big issue.
That meant that witness elections had to be run out of the liquid stake. Could it be done? Was it safe for the network? Can we update the cumulative votes for witnesses without rounding issues? Even when the money flows between accounts freely?
Well I now believe it is entirely possible and safe, under certain conditions. The incentive for top witnesses to keep on running the chain is still present even if the stake is liquid. With a bit of discrete mathematics, it's easy to have a perfectly deterministic algorithm to run a decentralized election based off liquid stake, it's just going to be more dynamic as the funds and the witness votes can move around much faster.

NO EARLY USER ADVANTAGE

STEEM has had multiple events that influenced the distribution in a bad way. The most obvious one is the inflation settings. One day it was hella-inflationary, then suddently hard fork 16 it wasn't anymore. Another major one, is the non-linear rewards that ran for a long time, which created a huge early-user advantage that we can still feel today.
I liked linear rewards, it's what gives minnows their best chance while staying sybil-resistant. I just needed Avalon's inflation to be smart. Not hyper-inflationary like The key metric to consider for this issue, is the number of tokens distributed per user per day. If this metric goes down, then the incentive for staying on the network and playing the game, goes down everyday. You feel like you're making less and less from your efforts. If this metric goes up, the number of printed tokens goes up and the token is hyper-inflationary and holding it feels really bad if you aren't actively earning from the inflation by playing the game.
Avalon ensures that the number of printed tokens is proportional to the number of users with active stake. If more users come in, avalon prints more tokens, if users cash-out and stop transacting, the inflation goes down. This ensures that earning 1 DTC will be about as hard today, tomorrow, next month or next year, no matter how many people have registered or left d.tube, and no matter what happens on the markets.

NO LIMIT TO MY VOTING POWER

Another big issue that most steemians don't really know about, but that is really detrimental to STEEM, is how the voting power mana bar works. I guess having to manage a 2M SP delegation for @dtube really convinced me of this one.
When your mana bar is full at 100%, you lose out the potential power generation, and rewards coming from it. And it only takes 5 days to go from 0% to 100%. A lot of people have very valid reasons to be offline for 5 days+, they shouldn't be punished so hard. This is why all most big stake holders make sure to always spend some of their voting power on a daily basis. And this is why minnows or smaller holders miss out on tons of curation rewards, unless they delegate to a bidbot or join some curation guild... meh. I guess a lot of people would rather just cash-out and don't mind the trouble of having to optimize their stake.
So why is it even a mana bar? Why can't it grow forever? Well, everything in a computer has to have a limit, but why is this limit proportional to my stake? While I totally understand the purpose of making the bandwidth limited and forcing big stake holders to waste it, I think it's totally unneeded and inadapted for the voting power. As long as the growth of the VP is proportional to the stake, the system stays sybil-resistant, and there could technically be no limit at all if it wasn't for the fact that this is ran in a computer where numbers have a limited number of bits.
On Avalon, I made it so that your voting power grows virtually indefinitely, or at least I don't think anyone will ever reach the current limit of Number.MAX_SAFE_INTEGER: 9007199254740991 or about 9 Peta VP. If you go inactive for 6 months on an account with some DTCs, when you come back you will have 6 months worth of power generation to spend, turning you into a whale, at least for a few votes.
Another awkward limit on STEEM is how a 100% vote spends only 2% of your power. Not only STEEM forces you to be active on a daily basis, you also need to do a minimum of 10 votes / day to optimize your earnings. On Avalon, you can use 100% of your stored voting power in a single mega-vote if you wish, it's up to you.

A NEW PROOF-OF-BRAIN

No Author rewards

People should vote with the intent of getting a reward from it. If 75% of the value forcibly goes to the author, it's hard to expect a good return from curation. Steem is currently basically a complex donation platform. No one wants to donate when they vote, no matter what they will say, and no matter how much vote-trading, self-voting or bid-botting happens.
So in order to keep a system where money is printed when votes happen, if we cannot use the username of the author to distribute rewards, the only possibility left is to use the list of previous voters aka "Curation rewards". The 25% interesting part of STEEM, that has totally be shadowed by the author rewards for too long.

Downvote rewards

STEEM has always suffered from the issue that the downvote button is unused, or when it's used, it's mostly for evil. This comes from the fact that in STEEM's model, downvotes are not eligible for any rewards. Even if they were, your downvote would be lowering the final payout of the content, and your own curation rewards...
I wanted Avalon's downvotes to be completely symmetric to the upvotes. That means if we revert all the votes (upvotes become downvotes and vice versa), the content should still distribute the same amount of tokens to the same people, at the same time.

No payment windows

Steem has a system of payments windows. When you publish a content, it opens a payment window where people can freely upvote or downvote to influence the payout happening 7 days later. This is convenient when you want a system where downvotes lower rewards. Waiting 7 days to collect rewards is also another friction point for new users, some of them might never come back 7 days later to convince themselves that 'it works'. On avalon, when you are part of the winners of curation after a vote, you earn it instantly in your account, 100% liquid and transferable.

Unlimited monetization in time

Indeed, the 7 days monetization limit has been our biggest issue for our video platform since day 8. This incentivized our users to create more frequent, but lesser quality content, as they know that they aren't going to earn anything from the 'long-haul'. Monetization had to be unlimited on DTube, so that even a 2 years old video could be dug up and generate rewards in the far future.
Infinite monetization is possible, but as removing tokens from a balance is impossible, the downvotes cannot remove money from the payout like they do on STEEM. Instead, downvotes print money in the same way upvotes do, downvotes still lower the popularity in the hot and trending and should only rewards other people who downvoted the same content earlier.

New curation rewards algorithm

STEEM's curation algorithm isn't stupid, but I believe it lacks some elegance. The 15 minutes 'band-aid' necessary to prevent curation bots (bots who auto vote as fast as possible on contents of popular authors) that they added proves it. The way is distributes the reward also feels very flat and boring. The rewards for my votes are very predictable, especially if I'm the biggest voter / stake holder for the content. My own vote is paying for my own curation rewards, how stupid is that? If no one elses votes after my big vote despite a popularity boost, it probably means I deserve 0 rewards, no?
I had to try different attempts to find an algorithm yielding interesting results, with infinite monetization, and without obvious ways to exploit it. The final distribution algorithm is more complex than STEEM's curation but it's still pretty simple. When a vote is cast, we calculate the 'popularity' at the time of the vote. The first vote is given a popularity of 0, the next votes are defined by (total_vp_upvotes - total_vp_downvotes) / time_since_1st_vote. Then we look into the list of previous votes, and we remove all votes in the opposite direction (up/down). The we remove all the votes with a higher popularity if its an upvote, or the ones with a lower popularity if its a downvote. The remaining votes in the list are the 'winners'. Finally, akin to STEEM, the amount of tokens generated by the vote will be split between winners proportionally to the voting power spent by each (linear rewards - no advantages for whales) and distributed instantly. Instead of purely using the order of the votes, Avalon distribution is based on when the votes are cast, and each second that passes reduces the popularity of a content, potentially increasing the long-term ROI of the next vote cast on it.
Graph It's possible to chart the popularity that influences the DTC monetary distribution directly in the d.tube UI
This algorithm ensures there are always losers. The last upvoter never earns anything, also the person who upvoted at the highest popularity, and the one who downvoted at the lowest popularity would never receive any rewards for their vote. Just like the last upvoter and last downvoter wouldn't either. All the other ones in the middle may or may not receive anything, depending on how the voting and popularity evolved in time. The one with an obvious advantage, is the first voter who is always counted as 0 popularity. As long as the content stays at a positive popularity, every upvote will earn him rewards. Similarly, being the first downvoter on an overly-popular content could easily earn you 100% rewards on the next downvote that could be from a whale, earning you a fat bonus.
While Avalon doesn't technically have author rewards, the first-voter advantage is strong, and the author has the advantage of always being the first voter, so the author can still earn from his potentially original creations, he just needs to commit some voting power on his own contents to be able to publish.

ONE CHAIN <==> ONE APP

More scalable than shared blockchains

Another issue with generalistic blockchains like ETH/STEEM/EOS/TRX, which are currently hosting dozens of semi-popular web/mobile apps, is the reduced scalability of such shared models. Again, everything in a computer has a limit. For DPOS blockchains, 99%+ of the CPU load of a producing node will be to verify the signatures of the many transactions coming in every 3 seconds. And sadly this fact will not change with time. Even if we had a huge breakthrough on CPU speeds today, we would need to update the cryptographic standards for blockchains to keep them secure. This means it would NOT become easier to scale up the number of verifiable transactions per seconds.
Oh, but we are not there yet you're thinking? Or maybe you think that we'll all be rich if we reach the scalability limits so it doesn't really matter? WRONG
The limit is the number of signature verifications the most expensive CPU on the planet can do. Most blockchains use the secp256k1 curve, including Bitcoin, Ethereum, Steem and now Avalon. It was originally chosen for Bitcoin by Satoshi Nakamoto probably because it's decently quick at verifying signatures, and seems to be backdoor-proof (or else someone is playing a very patient game). Maybe some other curves exist with faster signature verification speed, but it won't be improved many-fold, and will likely require much research, auditing, and time to get adopted considering the security implications.
In 2015 Graphene was created, and Bitshares was completely rewritten. This was able to achieve 100,000 transaction per second on a single machine, and decentralized global stress testing achieved 18,000 transactions per second on a distributed network.
So BitShares/STEEM and other DPOS graphene chains in production can validate at most 18000 txs/sec, so about 1.5 billion transactions per day. EOS, Tendermint, Avalon, LIBRA or any other DPOS blockchain can achieve similar speeds, because there's no planet-killing proof-of-works, and thanks to the leader-based/democratic system that reduces the number of nodes taking part in the consensus.
As a comparison, there are about 4 billion likes per day on instagram, so you can probably double that with the actual uploads, stories and comments, password changes, etc. The load is also likely unstable through the day, probably some hours will go twice as fast as the average. You wouldn't be able to fit Instagram in a blockchain, ever, even with the most scalable blockchain tech on the world's best hardware. You'd need like a dozen of those chains. And instagram is still a growing platform, not as big as Facebook, or YouTube.
So, splitting this limit between many popular apps? Madness! Maybe it's still working right now, but when many different apps reach millions of daily active users plus bots, it won't fit anymore.
Serious projects with a big user base will need to rethink the shared blockchain models like Ethereum, EOS, TRX, etc because the fees in gas or necessary stake required to transact will skyrocket, and the victims will be the hordes of minnows at the bottom of the distribution spectrum.
If we can't run a full instagram on a DPOS blockchain, there is absolutely no point trying to run medium+reddit+insta+fb+yt+wechat+vk+tinder on one. Being able to run half an instagram is already pretty good and probably enough to actually onboard a fair share of the planet. But if we multiply the load by the number of different app concepts available, then it's never gonna scale.
DTube chain is meant for the DTube UI only. Please do not build something unrelated to video connecting to our chain, we would actively do what we can to prevent you from growing. We want this chain to be for video contents only, and the JSON format of the contents should always follow the one used by d.tube.
If you are interested in avalon tech for your project isn't about video, it's strongly suggested to fork the blockchain code and run your own avalon chain with a different origin id, instead of trying to connect your project to dtube's mainnet. If you still want to do it, chain leaders would be forced to actively combat your project as we would consider it as useless noise inside our dedicated blockchain.

Focused governance

Another issue of sharing a blockchain, is the issues coming up with the governance of it. Tons of features enabled by avalon would be controversial to develop on STEEM, because they'd only benefit DTube, and maybe even hurt/break some other projects. At best they'd be put at the bottom of a todo list somewhere. Having a blockchain dedicated to a single project enables it to quickly push updates that are focused on a single product, not dozens of totally different projects.
Many blockchain projects are trying to make decentralized governance true, but this is absolutely not what I am interested in for DTube. Instead, in avalon the 'init' account, or 'master' account, has very strong permissions. In the DTC case, @dtube: * will earn 10% fees from all the inflation * will not have to burn DTCs to create accounts * will be able to do certain types of transactions when others can't * * account creation (during steem exclusivity period) * * transfers (during IEO period) * * transfering voting power and bandwidth ressources (used for easier onboarding)
For example, for our IEO we will setup a mainnet where only @dtube is allowed to transfer funds or vote until the IEO completes and the airdrop happens. This is also what enabled us to create a 'steem-only' registration period on the public testnet for the first month. Only @dtube can create accounts, this way we can enforce a 1 month period where users can port their username for free, without imposters having a chance to steal usernames. Through the hard-forking mechanism, we can enable/disable these limitations and easily evolve the rules and permissions of the blockchain, for example opening monetary transfers at the end of our IEO, or opening account creation once the steem exclusivity ends.
Luckily, avalon is decentralized, and all these parameters (like the @dtube fees, and @dtube permissions) are easily hardforkable by the leaders. @dtube will however be a very strong leader in the chain, as we plan to use our vote to at least keep the #1 producing node for as long as we can.
We reserve the right to 'not follow' an hardfork. For example, it's obvious we wouldn't follow something like reducing our fees to 0% as it would financially endanger the project, and we would rather just continue our official fork on our own and plug d.tube domain and mobile app to it.
On the other end of the spectrum, if other leaders think @dtube is being tyranical one way or another, leaders will always have the option of declining the new hardforks and putting the system on hold, then @dtube will have an issue and will need to compromise or betray the trust of 1/3 of the stake holders, which could reveal costly.
The goal is to have a harmounious, enterprise-level decision making within the top leaders. We expect these leaders to be financially and emotionally connected with the project and act for good. @dtube is to be expected to be the main good actor for the chain, and any permission given to it should be granted with the goal of increasing the DTC marketcap, and nothing else. Leaders and @dtube should be able to keep cooperation high enough to keep the hard-forks focused on the actual issues, and flowing faster than other blockchain projects striving for a totally decentralized governance, a goal they are unlikely to ever achieve.

PERFECT IMBALANCE

A lot of hard-forking

Avalon is easily hard-forkable, and will get hard-forked often, on purpose. No replays will be needed for leaders/exchanges during these hard-forks, just pull the new hardfork code, and restart the node before the hard-fork planned time to stay on the main fork. Why is this so crucial? It's something about game theory.
I have no former proof for this, but I assume a social and financial game akin to the one played on steem since 2016 to be impossible to perfectly balance, even with a thourough dichotomical process. It's probably because of some psychological reason, or maybe just the fact that humans are naturally greedy. Or maybe it's just because of the sheer number of players. They can gang up together, try to counter each others, and find all sorts of creative ideas to earn more and exploit each other. In the end, the slightest change in the rules, can cause drastic gameplay changes. It's a real problem, luckily it's been faced by other people in the past.
Similarly to what popular and succesful massively multiplayer games have achieved, I plan to patch or suggest hard-forks for avalon's mainnet on a bi-monthly basis. The goal of this perfect imbalance concept, is to force players to re-discover their best strategy often. By introducing regular, small, and semi-controlled changes into this chaos, we can fake balance. This will require players to be more adaptative and aware of the changes. This prevents the game from becoming stale and boring for players, while staying fair.

Death to bots

Automators on the other side, will need to re-think their bots, go through the developement and testing phase again, on every new hard-fork. It will be an unfair cat-and-mouse game. Doing small and semi-random changes in frequent hard-forks will be a easy task for the dtube leaders, compared to the work load generated to maintain the bots. In the end, I hope their return on investment to be much lower compared to the bid-bots, up to a point where there will be no automation.
Imagine how different things would have been if SteemIt Inc acted strongly against bid-bots or other forms of automation when they started appearing? Imagine if hard-forks were frequent and they promised to fight bid-bots and their ilk? Who would be crazy enough to make a bid-bot apart from @berniesanders then?
I don't want you to earn DTCs unless you are human. The way you are going to prove you are human, is not by sending a selfie of you with your passport to a 3rd party private company located on the other side of the world. You will just need to adapt to the new rules published every two weeks, and your human brain will do it subconsciously by just playing the voting game and seeing the rewards coming.
All these concepts are aimed at directly improving d.tube, making it more resilient, and scale both technologically and economically. Having control over the full tech stack required to power our dapp will prevent issues like the one we had with the search engine, where we relied too heavily on a 3rd party tool, and that created a 6-months long bug that basically broke 1/3 of the UI.
While d.tube's UI can now totally run independently from any other entity, we kept everything we could working with STEEM, and the user is now able to transparently publish/vote/comment videos on 2 different chains with one click. This way we can keep on leveraging the generalistic good features of STEEM that our new chain doesn't focuses on doing, such as the dollar-pegged token, the author rewards/donation mechanism, the tribes/communities tokens, and simply the extra exposure d.tube users can get from other website (steemit.com, busy.org, partiko, steempeak, etc), which is larger than the number of people using d.tube directly.
The public testnet has been running pretty well for 3 weeks now, with 6000+ accounts registered, and already a dozen of independant nodes popping up and running for leaders. The majority of the videos are cross-posted on both chains and the daily video volume has slightly increased since the update, despite the added friction of the new 'double login' system and several UI bugs.
If you've read this article, I'm hoping to get some reactions from you in the comments section!
Some even more focused articles about avalon are going to pop on my blog in the following weeks, such as how to get a node running and running for leadewitness, so feel free to follow me to get more news and help me reach 10K followers ;)
submitted by nannal to dtube [link] [comments]

Top Ten Coins by Year!

Spring 2013
  1. Bitcoin (111.87)
  2. Litecoin (3.38)
  3. PPCoin
  4. Namecoin
  5. FeatherCoin
  6. TerraCoin
  7. DevCoin
  8. FreiCoin
  9. NovaCoin
  10. CHNCoin
Summer 2013
  1. Bitcoin
  2. Litecoin
  3. PPCoin
  4. Namecoin
  5. Feather
  6. Novacoin
  7. Primecoin
  8. Terracoin
  9. Megacoin
  10. CryptogenicBullion
Winter 2013
  1. Bitcoin
  2. Ripples
  3. Litecoin
  4. Mastercoin
  5. Peercoin
  6. Namecoin
  7. Quark
  8. ProtoShares
  9. Worldcoin
  10. Megacoin
Spring 2014
  1. Bitcoin
  2. Ripples
  3. Litecoin
  4. Peercoin
  5. DogeCoin
  6. Nxt
  7. MasterCoin
  8. Namecoin
  9. Quark
  10. ProtoShares
Summer 2014
  1. Bitcoin
  2. Litecoin
  3. Peercoin
  4. Ripple
  5. Dodgecoin
  6. Nxt
  7. Mastercoin
  8. Namecoin
  9. BlackCoin
  10. DarkCoin
Winter 2014
  1. Bitcoin
  2. Ripple
  3. PayCoin
  4. Litecoin
  5. BitShares
  6. MaidSafeCoin
  7. Stellar
  8. Dogecoin
  9. Nxt
  10. Peercoin
Spring 2015
  1. Bitcoin (238.70)
  2. Ripple (0.014)
  3. Litecoin (1.85)
  4. BitShares
  5. Darkcoin
  6. MaidSafeCoin
  7. DogeCoin
  8. Stellar (0.0035)
  9. PayCoin
  10. Nxt
Summer 2015
  1. Bitcoin
  2. Ripple (0.0067)
  3. Litecoin (1.85)
  4. Dash (2.90)
  5. Stellar (0.0031)
  6. Dogecoin
  7. Bitshares
  8. Nxt
  9. BanxShares
  10. MaidSafeCoin
Winter 2015
  1. Bitcoin
  2. Ripple (0.0062)
  3. Litecoin
  4. Ethereum (0.90)
  5. Dash
  6. Dogecoin
  7. Peercoin
  8. Bitshares
  9. Stellar (0.0017)
  10. MaidSafeCoin
Spring 2016
  1. Bitcoin
  2. Ethereum
  3. Ripple
  4. Litecoin
  5. MaidSafeCoin
  6. Dash
  7. Dogecoin
  8. Monero
  9. Factom
  10. Bitshares
Summer 2016
  1. Bitcoin (602.36)
  2. Ethereum (10.21)
  3. Ethereum Classic (2.88)
  4. Steem (2.21)
  5. Ripple (0.0058)
  6. Litecoin
  7. Dash (9.63)
  8. NEM (0.0056)
  9. MaidSafeCoin
  10. Nxt
Winter 2016
  1. Bitcoin (747.82)
  2. Ethereum
  3. Ripple
  4. Litecoin
  5. Monero
  6. Ethereum Classic
  7. Dash
  8. Augur
  9. NEM
  10. MaidSafeCoin
Spring 2017
  1. Bitcoin (1048.24)
  2. Ethereum
  3. Ripple (0.0057)
  4. Litecoin (3.75)
  5. Monero (13.17)
  6. Dash
  7. Ethereum Classic
  8. MaidSafeCoin
  9. NEM
  10. Augur
Summer 2017
  1. Bitcoin (2,277.51)
  2. Ethereum (200.87)
  3. Ripple (0.23)
  4. NEM (0.21)
  5. Ethereum Classic (17.60)
  6. Litecoin (25.69)
  7. Dash (118.42)
  8. Monero (43.03)
  9. Bytecoin
  10. Stratis
Fall 2017
  1. Bitcoin (5,690.72)
  2. Ethereum (308.43)
  3. Ripple XRP (0.21)
  4. BCH (332.21)
  5. Litecoin LTC
  6. Dash
  7. XEM
  8. NEO
  9. BCC
  10. Monero XMR
Winter 2017
  1. Bitcoin
  2. Ripple XRP
  3. Ethereum ETH
  4. BCH
  5. ADA
  6. Litecoin LTC
  7. IOTA
  8. NEM XEM
  9. DASH
  10. Stellar XLM
Spring 2018
  1. BTC
  2. ETH
  3. XRP
  4. BCH
  5. LTC
  6. ADA
  7. NEO
  8. XLM
  9. EOS
  10. XEM
Summer 2018
  1. BTC
  2. ETH
  3. XRP
  4. BCH
  5. EOS
  6. LTC
  7. XLM
  8. ADA
  9. IOTA
  10. TRX
CURRENT (NOVEMBER 2018)
  1. BTC
  2. XRP
  3. ETH
  4. XLM
  5. BCH
  6. EOS
  7. LTC
  8. USDT
  9. ADA
  10. XMR
What are your predictions for 2019?
Who are likely to fall of the top ten charts?
submitted by blackicicle to CryptoCurrency [link] [comments]

Designing a 100x portfolio for 2018

As you might remember, over the last couple of week, I took all Top100 coins and categorized them into their 12 markets and made this post here https://www.reddit.com/CryptoMarkets/comments/8g6mcy/which_are_your_top_5_coins_out_of_the_top100_an/?st=JGQB76HE&sh=ae2dea13
This was all done with the goal in mind to find a portfolio that can return 100x in 2018.
The assumption for this portfolio is that Bitcoin will go up by 4x ($32,000) until the end of 2018 amassing a total market cap of 3$ trillion as a conservative estimate in comparison to our 6 last bull runs, which were
Number Multiple Period Year Price Correction Correction period
1 9x 5 days 2010 $0.008-$0.08 0% -
2 10x 5 months 2010 $0.08-$1 -30% 2 months
3 40x 2 months 2011 $0.07-$30 -90% 5 months
4 14x 3 months 2013 $15-$213 -65% 3 months
5 12x 2 months 2013 $139-$1132 -85% 13 months
6 20x 7 months 2017 $1000-$19,800 -70% 3 months
7 17x 4 months 2018 $5,800-100,000? -70% 5 months
Source: www.99bitcoins.com/price-chart-history/
As you can see, a 17x bull run on Bitcoin happens on average around once a year. Many altcoins went 100x in the last bull run, since altcoin always grow much stronger than the behemoth Bitcoin.
Building a strong portfolio always boils down to the following 3 factors:
  1. Pick the best assets. In order to do that, I analyzed all top 100 cryptocurrencies, and picked the best ones within each market. Then, I looked for other coins that are within the Top1000 and that are actually better than the leaders in each market from the top 100, due to their short time in the market and being underdogs
  2. Diversify The whole portfolio is designed to catch 2-3 really good coins that return 300x-1000x. The rest of the coins will probably return 20x, 50x or some even only 2x. That's why you need at least 10 coins to make sure you to catch your top performers. 5 coins would be too few, since you might only catch 1 top performer if at all.
  3. Centralise You need to diversify, but also don't diversify too much, because then you are spread too thin. That's why 20 coins would be too many, because even if if you catch 3 top performers, you would only have 15% of your money in it.
For these 3 reasons, the number of coins is set at 14 and is divided into
  1. 26% High risk high return coins
  2. 50% Medium risk medium return coins
  3. 24% Low risk low return coins

Portfolio

All coins are on Binance or KuCoin and their weights are listed on the second tab of my excel spread sheet: https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=1597706888
High risk high return 26%:
The point of a high risk high return portfolio is to catch one 1000x-coin among them. These 3 coins give a 1000x return when going to a $10B market cap for BNTY and Elix. These are the best <$10M from my research. Other contenders were Xspec, Sumo, Snovio, DeepOnion, Masari.
  1. 10% BNTY is a platform where you can earn money through finding bugs, a bug bounty. BNTY soon wants to expand into “bounties” for gigs, to become the new fiverfreelancer.com.
  2. 10% Elix is a lending platform with a unjustified tiny market cap in comparison to its competitors LEND, SALT.
  3. 6% Havven is a stable coin. There are already 3 other stable coins with higher market caps, Maker, DGD, Bitshares, however, Havven is the 4th one with a 30x smaller market cap. Investing in a stable coins isn't investing in the coin itself obviously, since it is supposed to stay stable, but in the company that launched the stable coin.
Medium risk medium return 50%:
These coins are the backbone of the portfolio. They are all legit projects with a product out already, a strong team, strong community and a potent market. All of these coins will probably make a 20x return and some a 100x-200x return, possibly PRL, GAS and ENJ, that’s why they have more weight than the others.
  1. 10% PRL is in the decentralized data storage market as Siacoin, Gbyte, Maidsafecoin, Storj, only that it has a 5x smaller market cap and that it actually makes the storage useful by allowing people who store other people’s files to renounce ads and instead make their money through storing files.
  2. 13% 6 months ago GAS was at 50% of Neo's market cap. Now, it is at 5% and it has been rumoured that GAS market cap will surpass NEO’s. For that reason, investing in GAS it is the same as investing in NEO, LISK, ARDR, etc. only that is has a 20x smaller market cap. If GAS ever goes back to 50% of Neo's market cap, it will have returned 7,5x more profit than NEO.
  3. 8% ENJ is the investment in the gaming market. Enjin has a platform with already 20 million players and has is already being used as a currency in Minecraft since 1 month ago.
  4. 6% Enigma is privacy for smart contracts on Ethereum
  5. 2% PIVX is privacy with slightly superior technology to Monero, but at a 10x smaller market cap.
  6. 5% Req is in the currency and liquidity exchange market just as QASH, Loopring, Cryptonex, Bitshares, Kyber network, Bancor, ZRX, Achain, only that Req has probably the strongest community of all, best partnerships and is also more feature rich
  7. 6% Steem is a social network, very similar to reddit, only that you can upvote with tokens/money. Steem has already an Alexa rank of 1,000. What's more, Steem also has a stablecoin, Steem Dollar, which adds additional potential to this investment
Low risk low return 24%:
These are the safest bets with a working product, a large community and among the most potential within the Top100. Out of these, BNB is probably the safest bet of all, because it is directly tied to Binance, the exchange that has made it as the undisputed number 1 exchange due to excellent professionalism, transparency and intelligent leadership.
  1. 8% Vechain is a supply chain platform and the coin with the most and strongest partnerships closed within the cryptosphere.
  2. 4% Nano is probably the fastest and most lightweight cryptocurrency right now with instant transactions, zero fees and one millionth the energy use of Bitcoin due to it’s 3rd generation blockchain, the block lattice.
  3. 7% IOTA is similar to Nano with instant transactions, zero fees, very low energy usage thanks to its 3rd generation blockchain, the tangle. While it has bigger potential than Nano, it also still has some bugs and security issues to work out.
  4. 5% BNB, is probably the safest of all bets. It is among the only 5 cryptocurrencies that have turned a 10%+ profit this year. https://www.cointimemachine.com/top-100-best-cryptocurrency-list-2018/
Here are the coins categorized into their respective markets.
Currency 11%
  1. 4% Nano
  2. 7% IOTA
Platform 26% =37%
  1. 8% Vechain
  2. 5% Req
  3. 13% GAS
Ecosystem 10% = 47%
  1. 10% ELIX
Misc 10% = 57%
  1. 10% BNTY
Privacy 8% = 65%
  1. 6% Enigma
  2. 2% PIVX
Data Storage 10% = 75%
  1. 10% PRL
Gaming 8% = 83%
  1. 8% ENJ
Fee token 5% = 88%
  1. 5% BNB
Social Networking 6% = 94%
  1. 6% Steem
Stablecoin 6% = 100%
  1. 6% Havven
The only market not served is Cloud computing. Apart from that all other 11 markets are served, yielding a balanced portfolio with the best coin(s) of each market.
I published the portfolio on cryptocompare at an investment of $1,000 for comparison: https://www.cryptocompare.com/portfolio-public/?id=385438
submitted by galan77 to CryptoMarkets [link] [comments]

VeChain Apotheosis: The Beginning – Masternodes, New Partners, Big Exchanges, and a Rebrand

PLEASE READ ORIGINAL TEXT HERE

On Nov 27th and 28th, the first ever VeChain Foundation Steering Committee meeting was held in Singapore. Over the course of this meeting, we have accomplished a lot. We are pleased to say that we have finalized members for our VeChain Foundation Steering Committee; we have revolutionized our blockchain foundation governance system; we have discussed the evolution of the our blockchain design and functionalities and an exponentially upgraded economic model for all of our stakeholders.
In celebration of the VeChain Foundation evolution, we have initiated a rebranding effort, or rather an escalation of our brand, which we will have finalized within a month and a half. More will be presented below.
VeChain believes that a well governed foundation is the key to longevity, growth and stability. Making an actionable governance system, that matches the identity we envision for our product, is the base in which we built on for our apotheosis. As such, the governance model of VeChain Foundation was at the paramount of discussions.
VeChain is going through an evolutionary period across all aspects of the foundation as directed by our Board of Steering Committee. At its core, the VeChain Foundation does not believe in a fully anarchically decentralization, nor does it believe in totalitarian governance. It is for that reason the board members envisioned something in between. Our governance structure is a new breed of a decentralized system through centralized channels, at its core it is a principal never seen before within the blockchain industry.
PICTURE ONE
Being the centralized agency to govern the decentralized workflows, VeChain is as strong as our Board of Steering Committee enables us to become. The Board of Steering Committee oversees the various functional committees within a decentralized foundation. The board members, though a governing agency, ultimately guide units towards cohesive goals and enables collaboration, efficiency, and output across channels that traditional org charts cannot.
The Board of Steering Committee is the governing body of VeChain Foundation. It oversees the various functional committees within the foundation and represents the balanced interests of the VeChain blokchains stakeholders as a whole. Stakeholders include Blockchain Smart Contract Owners, VeChain Authority Nodes, and token holders. In addition, the Board of Steering Committee ensures the development, innovation, coordination and advancement of the VeChain blockchain ecosystem. Though not necessarily involved in day to day operational activities, the main functions include but not limited to the following:
The Board of Steering Committee must be comprised of brilliant and respected individuals across a multitude of industries and it is for that reason we are very lucky to introduce our complete Board:
Name Experience Responsibility
CY Cheung PwC Cybersecurity and Fintech Partner Head of Regulation Committee
George Kang CEO of Greater China Region, DNV GL Business Assurance Head of Public Relation Committee
Jay Zhang CFO, VeChain Co-founder Head of Operational Committee
Margret Rui Zhu Assistant Professor of City University of Hong Kong Head of Compensation & Nomination Committee
Peter Zhou Chief Scientist, VeChain Partner Head of Technical Committee
Renato Grottola Global Digital Transformation Director, DNV GL Business Assurance In charge of VeChain business development related affairs
Sunny Lu CEO, VeChain Co-founder General Secretary of the Foundation
C Y Cheung - PwC Cybersecurity and Fintech Partner
Chun Yin Cheung is a partner in PwC China's Risk Assurance Practice, based in the Shanghai office, having worked at PwC for over 14 years.
Mr. Cheung is an information security subject matter expert, with extensive experience in security assessment and regulatory compliance related advisory for financial service institutions in China and Hong Kong.
Mr. Cheung was educated at the Hong Kong University of Science and Technology and achieved a Bachelor of Business Administration (B.B.A.) in Information Technology
George Kang - CEO Greater China Region, DNV GL Assurance
George Kang has worked for one of the biggest state-owned automotive design and manufacturing company - SAIC Motor before joined GNV GL in 1999.
George has accumulated extensive experience in supply chain management, product assurance with a particular strategic focus on the food & beverage, healthcare and automotive & aerospace sectors.
George was graduated from Shanghai Jiaotong University with a bachelor degree in Engineering and EMBA from Xiamen University. ** Jie (Jay) Zhang - CFO / CoFounder VeChain**
Jay has worked at 2 of the ‘Big 4’ accountancy firms - PwC and Deloitte’s and joined VeChain as leader of their Blockchain governance framework design and digital asset management framework.
Jay has 14 years’ experience in IT assurance and advisory services. Jie’s major areas of expertise and experience include IT General controls, IT security, IT Governance and risk management, System Application Controls, etc.
Jay was educated at Shanghai Jiaotong University and studied Electrical and Electronics Engineering
Margret Rui Zhu - Assistant Professor City University of Hong Kong
Professor Zhu received her BA from Fudan University, China, MA in Economics from Indiana University USA and PhD in Finance from University of Texas at Austin USA. Professor Zhu is currently interested in corporate finance, corporate risk management and the interaction of capital market and product market.
Peter Zhou - Chief Scientist / VeChain Partner
Dr. Zhou obtained a Ph.D in Computer Sciences from the University of Southampton and serves as VeChain’s R&D Director. He has been involved in projects funded by the European Commission and Academy of Finland whilst working as a postdoctoral researcher for the University of Kent in the UK. He has been published in numerous international scientific research journals.
Renato Grottola - Global Digital Transformation Director, DNV GL Assurance
Renato is an experienced global Director with a demonstrated history of working in the advisory industry, skilled in Strategic Planning, Mergers and Acquisitions, Business Development and Management of complex international operations. Renato has been working on a blockchain backed project to introduce ship certifications to a private blockchain.
Sunny Lu - CEO, VeChain Co-founder
Sunny Lu, the Project Lead for VeChain, has a wealth of experience in IT and Information Security across luxury retail brands, with his most recent role prior to co-founding BitSE being as CIO, IS&T Director for Louis Vuitton China.
Part of the LVMH Group, other famous brands across the portfolio include luxury fashion brands Givenchy and Christian Dior, alongside Champagne Brands Moet et Chandon, Veuve Cliquout and Dom Perignon.
Sunny was educated at Shanghai Jiao Tong University and studied Electronics and Communication Engineering
A board of this magnitude will need outside forces keeping them in check and aiding in the design, implementation, and vision of VeChain. This is why VeChain has seeked out a promising Advisory Board to be a backbone that the foundation can lean on to provide immense wisdom and experience in the blockchain industry. VeChains Advisory Board is currently comprised as follows:
Name Experience
Bo Shen Partner, founder of FenBuShi Capital
Daniel Kelman General Counsel of Bitcoin.com
James Gong CEO of ChainB.com
Roland Sun Partner of Broad&Bright Law Firm
Ning Nan CEO of BitOcean
Bo Shen - General partner of FENBUSHI Capital
Bo cofounded Bitshares, Qtum, Zcash, etc. He is also a veteran of traditional financial industry, accumulating 12 years of senior management in brokerages, hedge funds and investment banks.
Daniel Kelman - General Counsel of GSR and Bitcoin.com
Daniel represented the interests of creditors who lost funds in the MtGox hacking scandal. Besides, he is also a co-founder of BitOcean Japan, a cryptocurrency exchange which will be licensed by Japanese regulator FSA.
James Gong - CEO of ChainB.com
ChainB is the most influential professional blockchain and cryptocurrency media in China.
Roland Sun - Partner of a full-service Chinese law firm named Broad&Bright
Roland has rich experience in providing law consultancy services in the following practice areas, such as cryprocurrency, blockchain, banking and trust.
Nan Ning - CEO of BitOcean
BitOcean is a cryptocurrency exchange which will be licensed by Japanese regulator FSA.
With the combined expertise of the Board of Steering Committee and the wisdom of the Advisory Board, VeChain has the foundation to be a revolutionary force within the blockchain industry and a global initiative for decentralization of businesses, truly embracing a digital way of life.

Voting:

As mentioned above, VeChain stakeholders include Blockchain Smart Contract Owners, Authority Nodes and token holders (including VeChain Economic Masternodes/Nodes). Each of the stakeholder holds at least 10,000 VeChain tokens with a single public key will be considered to have ONE vote, and each stakeholder can have not more than ONE vote.
PICTURE TWO
The following fundamental subjects will be voted by the stakeholders:
  • The election of new Board of Steering Committee;
  • The modification of fundamental consensus mechanism;
  • Other subjects that Board of Steering Committee deemed necessary for general voting.
The general voting activities shall be carried in the VeChain Blockchain voting platform, designed to ensure anonymity, accuracy and not subject to manipulation.

VeChain Rebrand

Our brand is not our name or logo, it is who we are. It is as much our governance model as it is our economic model. With VeChain undergoing its apotheosis it is imperative for our brand to grow with it. This evolution brings VeChain from a status of a blockchain solution to an one of a kind blockchain pioneer that can last indefinitely, offering a powerful and adaptable product for any business process that could benefit from trustless, immutable, and readily available data. This evolutional output requires us to reinvent the structure of our mainnet to coexist with an economic model design for indefinite stability and reward. As a result VeChain has become bigger, faster, stronger, disruptive, ambitious, incentivized and above all else, impactful. The board has made every effort to bring power to the stakeholders/people of VeChain. There are many attributes that make the Norse God “Thor“ and VeChain similar, and therefore:
VeChain is opting to upgrade the VeChain blockchain itself to VeChain Thor. The process of this transformation we call Apotheosis.
Our efforts towards apotheosis will last over the course of a month and a half from today, the full range of details will be released periodically from now until the mid of January.
Here is a glimpse at some of the changes being incorporated into VeChain Thor:
  • VeChain Blockchain will be upgraded to VeChain Thor Blockchain
  • Upon this release, we will be converting the existing VEN tokens for VeChain Thor tokens (VET). We are taking the appropriate measures to make this conversion seamless, we will begin this process by aiding current exchanges with the conversion first, all future exchanges will list our token as VET instead of VEN, including the ones we have been actively speaking to prior to this announcement of the name change.
  • Transactions on VeChain Thor Blockchain will not use VET token as expense. This is our way of giving back to the stakeholders. In turn the blockchain transactions will be incentivized through other reward structures. This allows VeChain to offer a stable and predictable budget for enterprise users. This new system also enables resource optimisation and adjustments by economical approaches for the indefinite future.
  • In order to take full advantage of decentralization and strong governance, the Foundation has decided to adopt Proof of Authority as the consensus mechanism of the VeChain Blockchain so that future developments are aligned with vision and direction the Foundation has designed;
  • As for Nodes and Masternodes, (Yes, we have them!) We categorize two major types of nodes on the VeChain Thor Blockchain, a total of four distinctive nodes all together:
    1. One Authority Masternode
    2. Three Economic Masternodes/Nodes

VeChain Authority Masternode

Thrudheim means ‘World of Strength’ and is the home of Thor. We announce Thrudheim Masternode as the senior and most privileged masternodes that VET token holders can own.
There will be a total 101 Thrudheim Masternodes on the VeChain Thor Network. Thrudheim Masternodes:
  • Receive the highest rewards of any node operators on VeChain Thor;
  • Hold the most power when it comes to voting rights
  • Are the most senior of masternodes that VET token holders can attain;
  • Stabilise the VeChain Thor blockchain network;
  • Are selected and rated based on the criteria the VeChain Foundation announce in the near future;
To successfully become a Thrudheim Masternode Owner operating a Thrudheim Masternode, the token holder needs to fulfill certain criteria:
   A) Owns a Qualified Thrudheim Masternode Candidate, the said candidate is a trackable address holding a minimum of 250,000 VET/VEN starting from Trust Tracking Day until the Date of Decision. Date of Decision will be announced soon, this date should coincide approximately with our main net launch date.
   B) The person who owns a Qualified Thrudheim Masternode Candidate is a Qualified Thrudheim Masternode Operator Applicant and will automatically enter into the application process, given he/she meets the below criteria:
  1. Due to the importance of these Masternodes, and the limited number available, VeChain Foundation will need a period of time to observe and review each applicant to determine their trustworthiness and value proposition within the network, and the decision of acceptance will take into consideration of the holder’s contributions to the Foundation as whole, therefore, the Trust Tracking Day of the Thrudheim Masternodes will start on December 21th. More detailed information soon to be released on The Decision Making Criteria of Becoming a Thrudheim Masternode Holder.
  2. The moment the token holding of Qualified Thrudheim Masternode Candidate is less than 250,000 VET, the address will lose the privilege of applying to become a Thrudheim Masternode when the blockchain launches.
  3. Hardware conditions: CPU, hard disk capacity, memory, overall performance will be reviewed individually.
  4. A full KYC and application procedure.
VeChain Foundation will release a detailed Thrudheim Nodes selection standards, procedure and rewards together in a later announcement.

VeChain Economic Masternodes and Nodes:

A VeChain Economic Masternode/Node offers stability to the ecosystem and acts as a distribution of power and privilege within the blockchain’s economy. VeChain Economic Masternodes/Nodes also have representation within the ecosystems voting periods. For an address with at least 10,000 VET/VEN held, a node represents one vote within the majority consensus. Unlike Authority Masternodes, Economic Masternodes/nodes do not produce blocks and ledger records.

Mjolnir Masternodes (Second highest-incentive Nodes)

Token possession: 150,000 VET and above
Incentive received: receive the highest reward among VeChain Economic Nodes.
Cannot be upgraded More information on Mjolnir Masternodes soon

Thunder Nodes (Higher-incentive Nodes)

Token possession: 50,000 - 149,999 VET/VEN;
Incentive received: receive the higher Thor incentive;
Can be upgraded; More information on Thunder Nodes to come.

Strength Nodes (Medium-incentive Nodes)

Token possession: 10,000-49,999 VET/VEN;
Incentive received: receive the medium Thor incentive, however, still more than none-node holders;
Can be upgraded;
More information on Strength Nodes to come.
Holders with less than 10,000 VET tokens receive default incentive.

Important Timetable and planned events:

  • Hold corresponding quantity of VET/VEN tokens in a trackable wallet (such as MEW) starting from 00:00:00 UTC+8 on 21st December; if your wallet has more than or equal to 250,000 VET/VEN, then you will be considered as an applicant to become a Thrudheim Masternode Operator, this is one of important must-have criteria when the Foundation selects Thrudheim Masternode Operators.
  • Any wallet holding a corresponding quantity of VEN/VET tokens for any other nodes begins to accumulate seniority and that will be used as a means of distributing incentives in the future.
  • An official strategic partnership announcement event is planned late January at London between DNV GL and VeChain.
  • A VeChain Rebranding event, in Singapore, is planned for mid-January.
  • A detailed economic model upon completion
  • Listing on a major exchange in December
  • A complete upgrade and rewrite of our current “VeChain Development Plan (Not a Whitepaper Document)
submitted by JoshuaSP to CryptoCurrency [link] [comments]

"Code is Law": Comedy Gold Survey on Ethereum

Survey ID: 00001 Coin: Ethereum Client: Tyler Durden

Executive summary:

Ethereum is almost certainly the number 2 coin in comedy gold. It will likely surpass Bitcoin in comedy gold long before it passes it in market cap. Thanks in large part to a spam-based marketing campaign on Reddit, it also has a dedicated base of critics.
After its IPO, it was known as “Inthereum” for a while, infinitely powerful of course, as vaporware can do anything. It had a major version release, then another. Finally, a major smart contract, in terms of valuation, came along: The DAO. Not to be confused with other DAOs, before and after. The DAO was the biggest. It was going to be the best; it already was the best! Euphoria was off the charts.
Until just a few months in, a bug was found. And the killer app became the flash point. What could they do? Well, hard fork and give the money back, of course! And so they did.
“Code is Law”; but this is actually good for Ethereum because “[a]lthough some do question the analogy ‘code is law’. I do not. We just found out that we have a supreme court, the community!” [1]
After the D'OH, Ethereum struggles to top its ATH comedy gold, but there is still a bright future for popcorn and comedy gold from Ethereum.

5 Largest Veins of Comedy Gold

Here are the largest comedy gold veins in Ethereum in potential reserves in our estimation in approximately descending order:
  • Cultlike euphoria - Now, this can certainly be said to be common to almost all cryptocurrencies. But Ethereum seems special here, even more than Bitcoin's community. There is a real belief here that this coin is going to change the world. This helps play into a "this is very good for Ethereum" mindset, wherein even the D'OH fork was a great success!
There is no greater terror than a fiend on ether.
  • Vitalik Buterin - The best name in cryptocurrency! Young genius central to Ethereum and almost universally seen as the most important leader in the project. In our view, his endorsement and leadership during the D'OH fork led to that route being taken. That is, we believe if he had opposed it from the start, he may have been able to prevent it or at least have led to what is now called ETC being the dominant of the two.
And so in our view, Mr. Buterin runs a billion dollar cryptocurrency right now. He and his team seem to have done reasonably well so far; it seems likely they'll continue to thrive. To the best of my knowledge, confirmed on /ethereum, there hasn't been a drug market implemented in Ethereum or trading with ETH so far. But while it seems like a terrible idea, because of the lack of privacy and proven mutability of contracts, it seems like eventually there's going to be a major drug market accepting ETH just because it has such a high value. And, they point out, monero and zcoin’s core privacy feature will apparently be available on ETH after this next fork, so look forward to anonymous ETH fueling drug markets!
And then the interesting question will be raised of how Chief Justice Buterin will rule on the case, whether it is worthy of an intervention or not. If not a drug market, then another buggy and hacked contract. Or a hacked exchange, and the question of whether to make it or its users whole, or "let the hacker win".
  • DAOs - From the beginning, it was proposed that Ethereum itself and its reserve fund would be turned into a DAO. How exactly this was going to happen would be figured out later of course. There was an initial estimate of 2016 for the transition.
Of course, in 2016, The DAO and the D'OH happened. I'm not aware of a current further push to put all of ETH's future funding into a DAO. But I'm sure the topic will resurface. And it will be hilarious on so many levels. The DAO actually collapsed too soon for peak comedy gold extraction. It had been predicted that there would be no consensus on any proposals and that nothing would be funded, and that there would be gold from that. But it was just a few months in when the bug was found. And while the D'OH fork was certainly a rich vein of comedy gold, it wasn't as rich as what the DAO could have been if it had floundered around for a year or so before the hack.
Surprisingly, there's actually a running, apparently working DAO on ETH that was started even before The DAO: digixDAO. If it keeps on running, it will continue to be hilarious as other DAOs fail to learn from it. If it fails, there's all the more hilarity for Ethereum, making it the platform where anything complicated enough to look like an original use case will break. The very existence of digix is proof-of-comedy-gold.
  • Immutability - The whole central notion of immutability is going to be a recurring question for Ethereum after the D'OH. While there was a lot of sentiment of "just this once and never again" at the time, there will someday be another major issue, and the precedent will mean that at least a major debate among the community will be had. Ethereum is "mostly immutable". Bitcoin is far better protected here, because while it's true they've hard forked to fix a bug before, that was years ago and the community is far more fractured now. Ethereum has a demonstrated capacity to do both routine and controversial hard forks. This strength is also a challenge, as it will invite constant legal and ethical questions about when it's appropriate to modify the chain itself with a fork: that is, rolling back some or all transactions after major bugs, thefts, frauds, and so forth.
  • Concentration of funds - This one I'm just guessing at. Although rich lists do exist, obviously one entity like an exchange could pool funds in an address without one person owning that much, or one person could splits their coins among many accounts. But it gives a rough guide. In Bitcoin, the top 113 addresses, having more than 10,000 BTC, in total are 17.46% of the current supply [ 2 ]. And in Ethereum, it's true that the top two accounts are marked as exchange accounts [ 3 ]. Still, having lots of funds concentrated in a single exchange wallet seems to still have some potential for comedy gold. In Ethereum, the top 50 addresses have more than double the proportion of the top 113 in Bitcoin, a bit over 40% of the current supply. My guess would be there are still a lot of people who invested heavily in the initial ICO who have held onto a significant portion of their initial ETH. While some of these top addresses are exchanges, I think there are probably many individuals represented in here as well, and every one of them is a multimillionaire from this account alone.
Of course, so far, because ETH is still smaller than BTC in overall market cap, these top addresses aren't as huge as the top addresses in Bitcoin in current market value. But if ETH were to overtake BTC's current position with a relatively unchanged distribution, there would be some real comedy gold coming off this factor. Cribs could have a spin-off Ethereum series.
This concentration was a part of making The D'OH what it was in my view as well: in Bitcoin, there would never have been so much of the coin tied up in one particular venture, at least not now. But in Ethereum, this concentration and groupthink can combine to hilarious effect.

A Brief History of Comedy Gold in Ethereum:

“Laws, like sausages, cease to inspire respect in proportion as we know how they are made” - John Godfrey Saxe
In the beginning, there was an offering. The greatest coin the world had ever seen; step right up and buy it! There was even code; this is no vaporware! Sure, there was more work to be done, but the ICO would fund that work, the founders would get a little, and create a reserve for the future and the rest would be mineable.
There was also some of the most vociferous objections on BCT, declaring that the stake allocated to the founders was too large, pointing to other coins which had done smaller or done without. Arguing against the reserve; arguing against having a presale at all. Some people, of course, completely failing to read the documentation accurately to see what was even being proposed. And an almost complete radio silence from this large team working around the clock on Ethereum.
It took some months from when the initial ANN was made until the sale actually started, but by the time they had their sale, they had perhaps the best documentation at launch to-date. Of course, there were some areas which seemed to lack some detail, like the budgeting, but never mind that, it was finally launching!
Launching the sale, at least. In July and August of 2014, Ether was first sold. It was described as “fuel” for the virtual machine they were going to build [ 4 ].
And then, a year later, Ethereum was released live. By July 2016, it had already had its first major crisis after The DAO was hacked and the D’OH fork introduced in response.
But the fact that Ethereum was ever released, and that it was released so quickly, is truly incredible. There was more than one person who thought that the stated goals of Ethereum were not possible. And, of course, many initial goals and deadlines didn’t happen. But unlike the railbirds on BCT were convinced, the team did not fail nor did it run off with the money. They were given a blank check, and they actually delivered a working product which has been successful so far financially.
Of course, having its flagship smart contract go belly-up quite so quickly after having finally gotten a “killer app” seems rather unfortunate. The oracle problem (the question of how to reliably relate smart contracts to the outside world) seems unresolved, but partial solutions are inevitable and can only serve to make increasingly complex and thus popcorn-loaded contracts possible.
Right now, all seems relatively quiet. But rest assured, there remains plenty of euphoria and gas to drive many more cycles of comedy gold production. Ether huffers need something to throw their ETH at. The more complicated; the better! Given some of the creations that have been made in NXT, for instance, a few more years of creativity on ETH should yield some very complicated and pop-corn rich smart contracts.

Researcher’s Narrative:

I was relaxing in my office, waiting for business. It was a dingy little one-room affair, but it would serve for now. Particularly with no clients. I had poured myself a double shot, and was about to enjoy it, when suddenly the door opened.
A man walked in, familiar somehow although I couldn't place him. I reached out my hand instinctively, and instead of shaking it, he handed me a dollar.
"Hello?"
He pointed at the sign in the window, advertising a promotional one dollar gold survey for the first client. Always astute, I quickly surmised he wished to hire me.
"Of course, sir! What coin would you like?"
"Ethereum."
"Certainly! And may I have your name for the log?"
"Tyler Durdan."
And with that, my newest client left. I downed my double and poured a generous triple to follow it. This was going to be a long day.
Ethereum was the ultimate prize in my line of work. The coin which proved the adage that truth is stranger than fiction; which had proved itself a lucrative source of comedy gold.
And who am I? Guy Noir, private comedy gold surveyor. I've seen things you people wouldn't believe. Premined scamcoins crashing on noname exchanges. I watched popcorn glitter in the dark on forgotten the BCT threads. Popcorn junkies strung out on a high, and I've delivered them more comedy gold, popcorn, salt and butter. There is never enough.
A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, private comedy gold surveyor.
Thank you, Narrator. Now, as I was saying, Ethereum is overloaded with gold. But the core is pretty straightforward:
Ethereum promised "smart contracts". Immutable. Turing-complete. This was what Bitcoin lacked. The bee's knees. Crypto 2.0. What could go wrong?
We'll skip over the "Inthereum" period. Perhaps the vaporware criticism was never fair: from their version, they had Proof-of-Concept code; they went through some iterations and eventually got to release.
Let's note clearly that there was plenty of time to determine some sort of official policy for what to do about a buggy or improperly written contract losing money. In Bitcoin, every hack has been a SFYL event, although it’s true that a bug in the coin itself was hard forked away before. Mt. Gox tried to blame malleability, but there was never a fork to try to recover funds. In Ethereum, immutability was often talked about. So far as I saw in skimming, “what if” scenarios to undo bugs wasn’t brought up front-and-center. Nor was immutability being debated that I saw.
So Ethereum releases. A major contract is launched, The DAO, which gets an astonishing portion of ETH invested. The world's largest crowd sale as they ultimately called it. All the major players in ETH buy into it, including Vitalik Buterin, the creator of Ethereum and the best name in cryptocurrency.
Just as they're starting to get into the comedy gold that The DAO doesn't really have a purpose, a bug is discovered. And just as its leader is assuring everyone that no funds are at risk, the funds start being drained out of the contract by an unknown party.
And suddenly immutable means "immutable unless we screw up on the biggest contract which everyone important has invested in heavily". Ethereum ultimately hard-forks to return investor funds and basically unwind The DAO. After claiming that the bug was in the contract, the coin itself is hard forked to fix the issue. And the first Ethereum clone results, one which simply does not follow the new hard fork.
So the natural question is: when can a contract be changed? In the first page of the Ethereum launch, this question was implied by asking about what would happen if there were an assassination market hosted by a smart contract on Ethereum. Of course, in reality, Ethereum is not really functional enough at present to enforce such a contract, but the question remains in case Ethereum were to actually attain a functioning smart contract platform.
Attempted reference to Tears in rain monologue, credit to Rutger Hauer
Guy Noir and narrator text lovingly stolen from Prairie Home Companion's Guy Noir, by Garrison B. Keillor.

Researcher’s Rant

Filed for psych eval
Twenty pages into the BCT ANN, I believe I have contracted cancer, again. I’m reminded of why I don’t generally go on BCT. As bad as altcoin forums tend to be for their circlejerking, it’s almost better than the, well, there’s really no way to put it other than FUD that inevitably appears in response to anything. Of course, it’s not paid shilling so much as it is willful and vocal ignorance. For all the critiques in that thread, most of them are utter nonsense and simply are misreading the initial information. On the other hand, it’s January 27th in the thread by now, with February 1st and the pre-sale start, and they don’t have their “prospectus” up yet. I also haven’t seen the change in mining rate yet.
Side note: eMunie; wtf? I guess I missed something? Either it’s gone through a namechange or it’s dead, because a quick coinmarketcap search didn’t find anything. A comedy gold mining project for another day.
Great; spoiler alert: fundraiser delayed apparently, so even more cancer to read through in that thread on the way to getting to a prospectus!
The first 44 pages of the thread was summarized thus: “I want to believe. Why are you not speaking to us? Throw me a bone. Just tell me what I want to hear, and I'll gladly throw my money in.” [ 5 ] Would that I had only had to read that quote rather than all 44 pages, and facing many more.
Pages and comments dragged on as I waded through the low-grade popcorn. When would this prospectus be released, so my torment would end? Oh god: a side-thread shows that by the time they get to April, there’s still no prospectus or presale date or estimate of when there may be a date [ 6 ]. It’s time to give up on reading through the cancerous mainthread on BCT and start jumping ahead pages to find the pre-sale and prospectus.
Okay, finally, in July, they release documents and start the sale [ 7 ]. Good enough.
I have mountains of links on my desk. Comedy gold is overflowing, but this is a survey expedition, not a mining operation. But by the time it’s surveyed, there’s always so much gold lined up to mine it gets hard to leave it behind and leave with the samples.
It’s time to hammer out some copy and close this file.
Folks, we hope you’ve enjoyed this descent into madness and comedy gold brought to you by the Comedy Gold Survey Company and our patron Tyler Durden. Do you need more comedy gold in your life? Of course you do! So please donate today; every $1 helps! I’ve added a new special: $5 lets you choose the next coin to be surveyed!
Thanks again to Tyler Durden, and I will now be re-watching Fight Club and questioning my sanity. Cheers y’all!
Resources:
Edit: 3/26/2020: Removed a link to a comment per request from the user.
Footnotes and other links:
submitted by coinaday to Buttcoin [link] [comments]

Crypto dailytraders, more overrated people ?

Hi everyone,
I bought my first bitcoin a few years ago, I bought pizzas with it, other stuff (ahem) and I have never really intended to invest "for real" on cryptos until a few months ago.
Then, I bought some waves in 2016, bitshares, omg, neo, navcoin and the list could keep going.
Currently, I'm really into reading about cryptos, the tech, the blockchain, the internet of things even though I don't have all the skills to understand everything. I'm used to reading this sub a lot (not the memes stuff though), other ones and... twitter.
I have discovered on twitter some apparently well-known guys who draw lines on charts and sell advises hidden behind a profil pic which is not their actual faces. I have discovered that a lot of people actually follow their advises and throw their money each time a "cryptostar" tell them to buy "a promising coin". And then, some of them complain because it was a bad move or "a scam".
My point is : do these "crypto-stars" really know their stuff ? I'm sure that there are some fundamentals in the stock markets, some actual skills to read the chart and think ahead the future moves.
But IMO, crypto market is not stock market. It's too young, too different than stocks. It's not even close. Am I wrong or is it a mistake to use the economic fundamentals to read the cryptoeconomic moves ?
If I miss something, go ahead and sorry for my english, it's not my native language.
Disclaimer : I hold (sorry, hodl) cryptos, I do trade some of them but weekly or monthly, more often to make my break. I want to hold for the long term, not daytrade.
submitted by EmmanuelBlockchain to CryptoMarkets [link] [comments]

Transactions per second charts

I know that in the talks with dan and team they often show charts of comparison with steem to bitcoin and eth. Along with bitshares, and they use this to give a generalized base for EOS. I was wondering if anyone could provide me links to sites that give live comparison?
I would like these to share what i believe to be valued information.
Thank you in advance.
submitted by Plouto5 to eos [link] [comments]

Начни свой день с r/BitRussia! Добро пожаловать на международный сабреддит Биткойн в России.

Cервисы мониторига блокчейна сети биткойн

https://btc.blockr.io
https://live.blockcypher.com
https://www.blocktrail.com/BTC
https://www.biteasy.com
https://insight.bitpay.com
https://blockchain.info
https://tradeblock.com/blockchain
Очень помогают, например, для проверки состояния транзакций.

Сервис "калькулятор"

http://preev.com Полезно, если необходимо посчитать конвертацию. Например, кто то хочет оплату в биткойне, но говорит сумму в долларах.

Как защитить свои средства?

  1. Использование HD адреса. Такие клиенты (кошельки) как Electrum создают множество биткойн адресов на основе одного, главного, мастер адреса. Из одного вытекают все множество остальных, иерархия. Это дает удобство, т.к теперь достаточно знать всего один ключ! И в любое время, всегда, можно из него восстановить все свои адреса.
  2. Использование seed. Seed переводится как "зерно", "семя". Эта технология позволяет представить длинную цепочку из цифр и букв, а именно так выглядит ключ биткойна, в виде ряда простых слов. Что очень упрощает его запись, или запоминание. Это так же используется в Electrum.
  3. Технология мультиподписи. Это простой, и эффективный способ защититься от кражи биткойнов. Суть заключается в том, что для отправки таранзакции, ее необходимо подтвердить двумя подписями. Например, один кошелек используем на смартфоне, другой на ноутбуке. Для того, чтоб украсть биткойны, прийдется получить доступ сразу к двум девайсам, что весьма сложно. Что может быть проще и надежнее этих методик для управления финансами? Золоту сложно конкурировать по этой части с биткойном.
спасибо за предоставленную информацию Grandpa_Mazay

Видео материалы

Несколько анимаций:
Интересные репортажи:

Проекты дополняющие или улучшающие функционал Биткойн

Проект Описание
Lightning Network Платёжные каналы для масштабирования сети
Blockstream Сайдчейны
Open Transactions & Counterparty & Omni & Open Assets & Symbiont Платформы финансовых активов
Augur & Mirror Предиктивный трейдинг
Factom Записи и титулы в блокчейн
Open Bazaar / Provistor & Bitmarket Свободный децентрализованный протокол торговли / свободные рынки
Zerocash & Dark Wallet & Joinmarket Улучшение приватности
ShapeShift.io Самый быстрый способ конвертации биткойнов между альткойнами
BitShares Децентрализованный обменник
Keybase & Bitrated Идентификация и репутационный менеджмент
Bitmesh & Telehash Mesh-сети
Maidsafe Децентрализованный интернет
Storj & Sia Децентрализованное файловое хранилище
21e6 Интернет вещей
Streamium Децентрализованный видео-стриминг
Abra Global Сеть денежных переводов P2P
bitSIM Безопасное оборудование PIN токенов между СИМ-картой и телефоном
Identifi Децентрализованная адресная книга с ситемами рейтинга
Coinometrics Институционный уровень биткойн аналитики данных & исследования
Blocktrail API биткойн мультиподписей
Copay Open source мультисиг кошелёк спроектированный BitPay
Bitcore Open source javascript библиотека от BitPay
Insight Open source blockchain API от BitPay
Foxtrot Сеть маршрутизации Open source от BitPay
La'Zooz Децентрализованный Ridesharing
Leet Убей своих друзей и забери их деньги ;)
Lawnmower Превращение сдачи в bitcoin. Купи кофе за $3.25 и преврати сдачу 75¢ в Биткойн.

Ограниченная эмиссия

В централизованных экономиках валюта выпускается центральным банком в том количестве, соразмерно с количеством производимых во всей экономике товаров и услуг для стабилизации цен. Денежная масса обычных денег контролируется центральным банком. В России ЦБ РФ увеличивает денежную базу путём выпуска валюты, и увеличивая денежную массу, в процессе под названием Количественное смягчение.
В полностью децентрализованной монетарной системе, центральный аппарат регулирующий монетарной базой заменяется программным обеспечением запрещающим любое человеческое вмешательство в эмиссию. В этом случае эмиссия контролируется криптографическим алгоритмом который следует чётким правилам в одно-ранговой peer-to-peer (P2P) сети. Этот алгоритм определяет, с какой частотой, в какое конкретное время и в каком количестве будут появляются денежные единицы. Любые попытки изменить (или взломать) количество выпуска несогласованное с правилами всей сети будет отвергаться криптографически любым компьютером благодаря возможности проверки транзакций без наличия необходимости синхронизироваться со всей сетью.
Валюта с ограниченной эмиссией
Биткоины создаются каждый раз когда пользователь находит новый блок. Частота создания блоков является постоянной: 6 штук в час. Количество выпущенных Биткоинов в блоке уменьшается геометрически, с сокращением на 50% каждые 4 года. В результате алгоритм имеет чёткий расписанный график по которому всего существующих Биткоинов никогда не будет больше 21 миллиона http://www.bitcointalk.org/index.php?topic=3366.msg47522#msg47522 Ограничение в 21 миллион. Расписание выпуска "21 миллиона" биткоинов включает в себя: 4-года выпуска Биткоинов определённого количества / уменьшение этого количества в два раза.
Изначально такое математическим обоснованием выбора такого количества Биткоинов было примерное соответствие скорости появления на свет золота в противовес потребности человечества в этом золоте. Пользователей которые используют компьютерные устройства для подтверждения транзакций называют Майнерами.
Прирост Биткоинов в краткосрочной перспективе
Эта таблица отображает количество Биткоинов, которые появятся на свет в ближайшем будущем. График рассчитан хронологически по блокам в ''Годах'', и его точность может незначительно расходиться по временным рамкам.
Дата Блок Эра вознаграждений BTC/блок Год (по расчету) Начало BTC BTC добавлено Конец BTC BTC увеличение Конец ВТС % лимита
2009-01-03 0 1 50.00 2009 0 2625000 2625000 infinite 12.500%
2010-04-22 52500 1 50.00 2010 2625000 2625000 5250000 100.00% 25.000%
2011-01-28 105000 1 50.00 2011 5250000 2625000 7875000 50.00% 37.500%
2011-12-14 157500 1 50.00 2012 7875000 2625000 10500000 33.33% 50.000%
2012-11-28 210000 2 25.00 2013 10500000 1312500 11812500 12.50% 56.250%
2013-10-09 262500 2 25.00 2014 11812500 1312500 13125000 11.11% 62.500%
2014-08-11 315000 2 25.00 2015 13125000 1312500 14437500 10.00% 68.750%
367500 2 25.00 2016 14437500 1312500 15750000 9.09% 75.000%
420000 3 12.50 2017 15750000 656250 16406250 4.17% 78.125%
472500 3 12.50 2018 16406250 656250 17062500 4.00% 81.250%
525000 3 12.50 2019 17062500 656250 17718750 3.85% 84.375%
577500 3 12.50 2020 17718750 656250 18375000 3.70% 87.500%
630000 4 6.25 2021 18375000 328125 18703125 1.79% 89.063%
682500 4 6.25 2022 18703125 328125 19031250 1.75% 90.625%
735000 4 6.25 2023 19031250 328125 19359375 1.72% 92.188%
787500 4 6.25 2024 19359375 328125 19687500 1.69% 93.750%
Спроектированный прирост Биткоинов в долгосрочной перспективе
Блок Эра BTC/блок Год Начало BTC BTC добавлено Конец BTC BTC уменьшение Конец BTC % лимита
0 1 50.00000000 2009.007 0.00000000 10500000.00000000 10500000.00000000 infinite 50.00000006%
210000 2 25.00000000 2013.000 10500000.00000000 5250000.00000000 15750000.00000000 50.00000000% 75.00000008%
420000 3 12.50000000 2016.993 15750000.00000000 2625000.00000000 18375000.00000000 16.66666667% 87.50000010%
630000 4 6.25000000 2020.986 18375000.00000000 1312500.00000000 19687500.00000000 7.14285714% 93.75000010%
840000 5 3.12500000 2024.978 19687500.00000000 656250.00000000 20343750.00000000 3.33333333% 96.87500011%
1050000 6 1.56250000 2028.971 20343750.00000000 328125.00000000 20671875.00000000 1.61290323% 98.43750011%
1260000 7 0.78125000 2032.964 20671875.00000000 164062.50000000 20835937.50000000 0.79365079% 99.21875011%
1470000 8 0.39062500 2036.956 20835937.50000000 82031.25000000 20917968.75000000 0.39370079% 99.60937511%
1680000 9 0.19531250 2040.949 20917968.75000000 41015.62500000 20958984.37500000 0.19607843% 99.80468761%
1890000 10 0.09765625 2044.942 20958984.37500000 20507.81250000 20979492.18750000 0.09784736% 99.90234386%
2100000 11 0.04882812 2048.934 20979492.18750000 10253.90520000 20989746.09270000 0.04887585% 99.95117198%
2310000 12 0.02441406 2052.927 20989746.09270000 5126.95260000 20994873.04530000 0.02442599% 99.97558604%
2520000 13 0.01220703 2056.920 20994873.04530000 2563.47630000 20997436.52160000 0.01221001% 99.98779307%
2730000 14 0.00610351 2060.913 20997436.52160000 1281.73710000 20998718.25870000 0.00610426% 99.99389658%
2940000 15 0.00305175 2064.905 20998718.25870000 640.86750000 20999359.12620000 0.00305194% 99.99694833%
3150000 16 0.00152587 2068.898 20999359.12620000 320.43270000 20999679.55890000 0.00152592% 99.99847420%
3360000 17 0.00076293 2072.891 20999679.55890000 160.21530000 20999839.77420000 0.00076294% 99.99923713%
3570000 18 0.00038146 2076.883 20999839.77420000 80.10660000 20999919.88080001 0.00038146% 99.99961859%
3780000 19 0.00019073 2080.876 20999919.88080001 40.05330000 20999959.93410001 0.00019073% 99.99980932%
3990000 20 0.00009536 2084.869 20999959.93410001 20.02560000 20999979.95970001 0.00009536% 99.99990468%
4200000 21 0.00004768 2088.861 20999979.95970001 10.01280000 20999989.97250001 0.00004768% 99.99995236%
4410000 22 0.00002384 2092.854 20999989.97250001 5.00640000 20999994.97890001 0.00002384% 99.99997620%
4620000 23 0.00001192 2096.847 20999994.97890001 2.50320000 20999997.48210001 0.00001192% 99.99998812%
4830000 24 0.00000596 2100.840 20999997.48210001 1.25160000 20999998.73370001 0.00000596% 99.99999408%
5040000 25 0.00000298 2104.832 20999998.73370001 0.62580000 20999999.35950001 0.00000298% 99.99999706%
5250000 26 0.00000149 2108.825 20999999.35950001 0.31290000 20999999.67240001 0.00000149% 99.99999855%
5460000 27 0.00000074 2112.818 20999999.67240001 0.15540000 20999999.82780001 0.00000074% 99.99999929%
5670000 28 0.00000037 2116.810 20999999.82780001 0.07770000 20999999.90550001 0.00000037% 99.99999966%
5880000 29 0.00000018 2120.803 20999999.90550001 0.03780000 20999999.94330001 0.00000018% 99.99999984%
6090000 30 0.00000009 2124.796 20999999.94330001 0.01890000 20999999.96220000 0.00000009% 99.99999993%
6300000 31 0.00000004 2128.788 20999999.96220000 0.00840000 20999999.97060001 0.00000004% 99.99999997%
6510000 32 0.00000002 2132.781 20999999.97060001 0.00420000 20999999.97480001 0.00000002% 99.99999999%
6720000 33 0.00000001 2136.774 20999999.97480001 0.00210000 20999999.97690000 0.00000001% 100.00000000%
6930000 34 0.00000000 2140.767 20999999.97690000 0.00000000 20999999.97690000 0.00000000% 100.00000000%
Дефляция
В связи с тем что количество единиц Биткоина невозможно увеличить, валюта начнёт претерпевать серьёзную дефляцию если станет широко используемой. Кейнезианские экономисты давно спорят над тем, что Дефляционная спираль плоха для экономического роста, потому что больше стимулирует откладывать, а не тратить деньги инвестируя их в бизнес создавая рабочие места. Австрийские школы мысли отвергают подобные виды критики, заявляя что по мере возникновения дефляции на всех уровнях производства, предприниматели и инвесторы извлекут из этого выгоду. В результате соотношения расходов и доходов останутся такими же, поменяв лишь размах капиталов. Другими словами, в дефляционной среде, товары и услуги будут стоить дешевле, в то же время уменьшатся расходы на их производство пропорционально, но не затрагивая спрос. Ценовая дефляция будет поощрять людей откладывать — следственно количество сохранённых средств — будут вести к ещё большему размаху капитала и создаст тот самый необходимый стимул предпринимателям инвестировать средства в мировое производство.
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В результате оффлайн общения с одним из постоянных посетителей нашей реддит-ветки, появилась идея создать кодекс настоящего биткойнера!
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