R3 cev nutzt bitcoin mit der einführung von private ...

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin.

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin. submitted by eragmus to Bitcoin [link] [comments]

Get ready for bank mega-mergers onto the blockchain #Hyperledger, #Ripple, #R3CEV, #Bitcoin and #Ethereum

Get ready for bank mega-mergers onto the blockchain...major consolidation of the financial space...place your bets cuz everything will go digital #Hyperledger, #Ripple, #R3CEV, #Bitcoin and #Ethereum
submitted by Byyo to ethtrader [link] [comments]

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin.

The newly formed R3CEV blockchain collaboration between global banks reports on Bitcoin news and publicly mocks it. Real life version of Buttcoin. submitted by coincrazyy to BitcoinAll [link] [comments]

While Bitcoin passes 1 Trillion USD value transferred mark, R3CEV and Mike Hearn continue trying to just get private blockchains and DLTs to market.

While Bitcoin passes 1 Trillion USD value transferred mark, R3CEV and Mike Hearn continue trying to just get private blockchains and DLTs to market. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Talk show: 'Bitcoin, P2P, and the digital native' ("Jo Lang from R3CEV is on the show to talk about their deal with 9 banks to develop the use of the blockchain")

Talk show: 'Bitcoin, P2P, and the digital native' ( submitted by eragmus to Bitcoin [link] [comments]

Talk show: 'Bitcoin, P2P, and the digital native' ("Jo Lang from R3CEV is on the show to talk about their deal with 9 banks to develop the use of the blockchain")

Talk show: 'Bitcoin, P2P, and the digital native' ( submitted by coincrazyy to BitcoinAll [link] [comments]

How does the Blockchain Technology Change the Finance?

01 Through Cross-Border Payment , New Asset Types and other Regulatory Compliance Many large banks, central banks, financial institutions, idea banks, inquiry companies and the futurology reasearch laboratory of government committee all raise their questions on this issue.
R3CEV, an organization which is composed of the large banks in the globe, is trying to make explanation on this issue. The Goldman Sachs, McKinsey and Consumers’ Research had been put forward fabulous reports based on this issue, while the UK government, the US senate, Canada, Australia and European Union also carry out related surveys on it.
Many startup companies has made the white paper for the innovation and application of blockchain technologies, among which will mention a larger social issue, “How does this technology change the society?”
Plenty of studies underline the following four major changed fields:
02 The Infrastructure of Cross-Border Transactions
As we all know, the digital revolution has changed the media thoroughly, which will also have influence on the financial industry to some degree. Besides, the financial organizations had been used the computer long before. From 1970s to 1980s, they set the computer as their databases, take advantage of the computer to create the website interface in 1990s and shift their focus on developing the mobile App in 21rst century. However, the digital revolution has little influence on the cross-border transaction. The West Union still remains big problems, since it uses the same business to operation related programs. Like the easy operation of cross-border remittance, the bank still use the complicated infrastructure to operate it.
The information chart below is provided by Richard Gendal Brown, it displays the development of cross-border business infrastructure and intermediary organs from 1970s till now. This structure is the outcome caused by the financial industry applying the high-security protection system on private database.
The Blockchain technology is to construct the direct relation between the financial institutions and does not need the correspondent banking any more. The main product of R3 aims at deal with the business of correspondent banking. Corda is consisted of two vocabulary “accord” and cord. In the case of Corda, the circle is composed by the banks which uses the shared account book and those banks use the shared account book to deal with the transactions, agreement and important documents.
Mr. Brown used to work in the IBM’s Blockchain project and then shift to the R3CEV. The competition between financial organizations can use the universal database to track the implement of transactions, liquidation and clearing without involving any central database or management system. In a nutshell, banks will be able to formalize and protect each other’s digital relationships in the way that were previously impossible to implement. In the description mentioned above, it means that the correspondent banking agreements and the Real Time Gross Settlement, RTGS will be replaced. Transactions can be carried out in the P2P smoothly. Ripple, a private link, is used to solve many of these issues.
c As a Classification Digital Asset
Bitcoin has created some special things: digital property. Before the Bitcoin, word “digital” is not rare. Any digitization stuff can be copied through a click button and it can be proved in the musical industry and album sales.
However, bitcoin does something fancy: it create a digital code that can’t be copied. Therefore, since the invention of the bit character, we have the way to copy the number for the first time, which gives the digital code a kind of value. Until now, the value bitcoin is based on the blockchain to prevent the double cost and fake coin. Concerning this point, the creator of blockchain create the coloured coins as company’s shares. The 'color' of these coins represents the ownership information provided by the private encryption key.
After the permission of U.S. Securities and Exchange Commission, SEC, the online retailer giant Overstock declare that Announced that it will publicly issue company shares on its own blockchain platform. We also saw the emergence of “Initial Coin Offering (ICO)” and “appcoins” (the native cryptocurrency of applications used to assist project development financing). This case are part of blockchain digital asset. Blockchain can be considered as the digital asset as well as the market operation itself. Basically, this digital asset can be regarded as the bearer instrument, a extensive and ingenious application.
04 Management and Market
For the regulators, the blockchain can be a completely transparent and suitable recording system. Once coded, they can also be used to authorize transactions that comply with regulatory filings. For example, banks have strict reporting obligations to institutions such as the Financial Crimes Enforcement Network (FinCEN). As long as the bank approves any transaction that exceeds $10,000, it will need to report it to FinCEN, and FinCEN will store the information as an anti-money laundering database.
06 Clearing and settlement
For the paper world transactions, the time frame for clearing and settlement transactions is usually “T+3” - that is, three days after the transaction.
Through blockchain technology, the entire trading cycle—execution, clearing, and settlement—can occur in the same step. Under digital assets, transactions mean settlement, and mastery of encryption keys and digital ownership, which can reduce post-trade latency and counterparty risk of the other party's non-compliance.
07 Accounting and auditing
Although most databases are snapshots at a certain point in time, the blockchain database is constructed based on its own transaction history. They are a database with context, history, and independent records. This has far-reaching implications for accounting and auditing.
submitted by DigiEx-1 to BlockChain_info [link] [comments]

How to follow, study and keep up to date with the Ethereum project. This info or link might help with newbies or people you would like to send info to regarding what ethereum is.

Iv been asked to put together some info / links on the Ethereum Project by a few people lately that iv met or talked to and since its Sunday and i got a half day from work here it is:
I emailed them and then pasted it here so sorry if its a bit clumped together. Cant get the grasp of how reddit breaks up sentances 8-()
https://www.ethereum.org/ Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Ethereum Blog: https://blog.ethereum.org/
Note: This is not investment advise, This email is just to show you what Ethereum is, what these 1000's of computer scientists, developers, programmers and hackers are building. A whole new internet run from millions of peoples computers all over the world to create the "Ethereum Virtual Machine" or world computer that 7 Billion people can log onto at the same time. It is censorship resistant, encrypted and the Ethereum Blockchain can not be hacked. This is going to change the world as we know it.
There is a built in currency called "Ether" or "ETH" and can be purchased from any of many exchanges listed below.
Note 2: ETC or Ethereum Classic is a smaller blockchain project that also uses the EVM (Ethereum Virtual Machine) and id advise to stay away from that project, it has not got the 1000's of developers building it like ETH does, it apparently has one or 2 developers that went their own way, The EVM can also run private and consortium blockchains that alot of big and small companies are building on for their inhouse private operations. Like a Intranet (intranet is a private network that is contained within an enterprise)
Its very hard to understand at first what exactly blockchain is so here are some videos that i think explains it well:
BBC 2015 https://www.youtube.com/watch?v=0X33lgMbvdI
Ethereum: the World Computer https://www.youtube.com/watch?v=j23HnORQXvs
An Ethereum Interview Series // Teaser from the recent Devcon2 https://www.youtube.com/watch?v=gHseIdJ0SJU
What is Ethereum? https://www.youtube.com/watch?v=Clw-qf1sUZg&t=123s
ETHEREUM explained in 100 seconds. https://www.youtube.com/watch?v=eRDKP8nCVtU
Vitalik Buterin explains Ethereum https://www.youtube.com/watch?v=TDGq4aeevgY
DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin
https://www.youtube.com/watch?v=gjwr-7PgpN8
2016 China Devcon2: Ethereum in 25 Minutes https://www.youtube.com/watch?v=66SaEDzlmP4&t=1s
Joseph Lubin - The Basics of Blockchain and Etherum https://www.youtube.com/watch?v=0ilYnuP1qd4&t=50s
DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo
Blockchain is Eating Wall Street | Alex Tapscott | https://www.youtube.com/watch?v=WnEYakUxsHU
How the mysterious dark net is going mainstream https://www.youtube.com/watch?v=pzN4WGPC4kc&t=378s
The four pillars of a decentralized society | Johann Gevers https://www.youtube.com/watch?v=8oeiOeDq_Nc
Gavin Wood: Why is Blockchain a game changer? https://www.youtube.com/watch?v=ygZWhQXZtl4&t=188s
Brock Pierce: Blockchain technology https://www.youtube.com/watch?v=3lMvo0PPxjQ&t=619s
2014 Keiser Report: New Crypto Phenomenon Ethereum https://www.youtube.com/watch?v=hdAnyC45ZbU (starts at about 12 mins)
Devcon2 Videos from 2016 https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/videos
Devcon1 and other Ethereum Videos from 2014 & 15 https://www.youtube.com/useethereumproject/videos
Soundcloud: (these are great with Arthur speaking directly to Developers that are building on Ethereum)
The Ether Review - Arthur Falls https://soundcloud.com/arthurfalls
ConsenSys Media - Arthur Falls https://soundcloud.com/consensys
Evan Van Ness sends out "The week in Ethereum" latest here: http://www.weekinethereum.com/
Id highly recommend subscribing to his news letter here http://evanvanness.us14.list-manage1.com/subscribe?u=4c6ec57a148e890524b6ac91f&id=7061f7fa65
Ethereum Rules and Getting Started Guide https://www.reddit.com/ethereum/comments/4ws9um/rethereum_rules_and_getting_started_guide/
Reddit:
https://www.reddit.com/ethereum/new/ News, development and everything apart from price. Most news about Ethereum can be found here daily
https://www.reddit.com/ethtradenew/ price and trading discussions
Ethereum News commentators i watch:
Crypt0 https://www.youtube.com/useobham001/videos
Mr Yukon C https://www.youtube.com/channel/UClfAgeZvfwC9hcJrFisW8cQ/videos
Ethereum people to follow on twitter to get linked and fed important blockchain info:
@SingularDTV @golemproject @ethcoreproject @MrYukonC @EthereumCanada @ConsenSysLLC @R3CEV @DigixGlobal @AugurProject @NickSzabo4 @ethereumJoseph @Gatecoin @aantonop @BobSummerwill @GeorgeAHallam @el33th4xor @awrelllRo @mingchan88 @peter_szilagyi @koeppelmann @LefterisJP @stephantual @wmougayar @jeffehh @TaylorGerring @avsa (there is plenty more i just don't have them on my twitter yet)
To run a node from your computer you can download the "Ethereum Wallet" here: https://github.com/ethereum/mist/releases
Instructions:
How to Install the Ethereum Wallet https://www.youtube.com/watch?v=Y3JfLgjqNU4&t=7s
How to Back up and load the Ethereum Wallet https://www.youtube.com/watch?v=CZ8ZCtbxD0M&t=2s
How To Watch Tokens and Other Smart Contracts with the Ethereum Wallet https://www.youtube.com/watch?v=V_KJ84jkPi8
Ethereum and other blockchain project prices http://coinmarketcap.com/
There are many exchanges that trade Ether around the world http://coinmarketcap.com/currencies/ethereum/#markets
Some ones i have used are: www.kraken.com Accepts Euro, Dollar, GBP etc.. by SEPA or international bank transfer and you can buy Ether
www.poloniex.com (does not accept fiat but it is the largest volume for trading crypto pairs, I have used www.bitstamp.net in the UK to buy Bitcoin and then send them to Poloniex to swap for Ether )
www.yunbi.com A very good exchange based in China and have listed a few ethereum tokens, you need to swap through CNY (Chinese Yuan) but its easy and very good support.
www.bittrex.com No Fiat but also lists some Ethereum Based tokens
www.gatecoin.com Based in Hong Kong and you can send Euro and Dollar, Also lists alot of Ethereum Based tokens, Volume is very low at the moment as they recover from a hack but they offer very good support.
The safest place to store you Ether is on a hardware wallet like this one https://www.ledgerwallet.com/products/12-ledger-nano-s.
You can also store all you Ethereum based tokens or shares on this device https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s
The way "I view" the incentive to keep Ether (ETH) is the following and the reason i think it will go up in value is because of "The velocity of Ether moving through the Ethereum economy (Platform)". So the more Ether is used the higher the price will get and in a number of years will see us move down to the lower units finney, szabo, shannon, babbage, lovelace, and wei as the digital economy grows. Ether has 18 decimal places 1,000,000,000,000,000,000. Because after POS Ether total supply will be set at approx. 100 Million with a small inflation of 1 to 3% that pays the computers running it.
So ether will be more like the reserve currency and trade currency between all the other currencies, contracts and Dapps interacting in the Ethereum digital economy. But its main function is like a gas to run the network. Every transaction you have to pay a tiny amount to the network that goes to all the computers running the network. less than 1 penny.
Ethereum Based Tokens / Synthetic assets (What is a Synthetic Asset https://www.youtube.com/watch?v=St9DBpNBP1Q)
On coinmarketcap.com you can see there are 642 other Blockchain projects listed and some like Bitcoin are 8 years old. 90%+ of these projects are junk projects developed by 1 or 2 people and are just copies of Bitcoin. Some have added extra functions over Bitcoin and Bitcoin is a very secure but slow payment DAPP but cant do much else besides payments.
Ethereum was built from scratch and is built like lets say "android or a smart phone" so that DAPPS can be plugged in as you should have heard from the above videos. So there are now a good few DAPPS that are nearly completion that were built on the ethereum blockchain by different groups of developers. There are alot more but 328 are listed here: http://dapps.ethercasts.com/. So there is not just 643 blockchain projects there are over 1000 but all the ones on Ethereum can communicate or interoperate with eachother. Some notable ones you can see listed on coinmarketcap are Augur, Iconomi, DigixDAO, Golem, SingularDTV etc..... All these because they are built on the Ethereum blockchain can interact with eachother but the other 600+ blockchains can not. This is what makes Ethereum different from the rest.
As DigixDAO is the one i have studied most ill give an example of a DAPP thats built on Ethereum and why a DAPP would be usefull
In industry most work is automated, the operators no longer have to take process samples manually and send to the lab or go and top up a tank manually with certain additives, This is all done by automation, When the process is at a certain temperate, level, viscosity etc.. the instrumentation measures this and adds or pumps the necessary ingredients / additives to make sure the final product is made correctly. This automation has saved alot of costs and manual labour in industry.
What Digix / blockchain is doing is automating alot of the back office paperwork, accounting, agreements etc... Example: company that owns a gold vault (Like Silver Bullion) have employees handling paperwork / sales etc and when people sell and buy gold it changes hands or changes registered ownership and the employees have to manually do this paperwork. What Digix provides is automated software that does all this automatically in 14 seconds. For billing / storage if you have gold stored in the vault you pay about 1% a year so you know if you have $10,000 worth of gold then you need to pay about $100 a year which you pay by topping up your gold (DGX) by $100 and its taken out automatically each day by a tiny tiny amount.
The good thing is that if you have Gold Tokens as your savings instead of Fiat and you need to borrow $ short term you can borrow $ by agreeing to lock your Gold Tokens in a smart contract in the software and pay interest for that loan. If you pay back the loan over 3 months then the gold tokens are automatically returned to your address and you havent missed a gold rally or a Fiat devaluation. If you dont pay it back then the person who lent you the $ gets all your gold (or the % not paid) Again this process is automated in a smart contract and the bullion employee didnt have to settle all the paperwork, transfers of gold or get contracts and agreements signed by both parties, This is done by digital signature / agreements and saves the Vault operator alot of costs.
The vault operator can also earn a bit of the loans interest and $ can be provided by them or even 3rd parties. Using the Ethereum blockchain this can be done for lots of different industries from banking, stocks, insurance, gambling, pritty much everywhere
Other non Ethereum related Youtube people i follow, mainly Economics, Geo-politics, Gold / Silver etc.... These people give some very good info that you wont get from the big media companies or state media. Maybe this will help you understand why you should not keep 100% of your wealth in $ and maybe a few % is worth keeping in Crypto or ever Gold Physical or easier DGX (DigixDAO) or DGD.
Greg Hunter https://www.youtube.com/useusawatchdog/videos
Gerald Celente Trends in the News https://www.youtube.com/usegcelente/videos
Gregory Mannarino https://www.youtube.com/useGregVegas5909/videos
Realist News Jsnip4 https://www.youtube.com/usejsnip4/videos
SGT Report https://www.youtube.com/useSGTbull07/videos
Stefan molyneux https://www.youtube.com/usestefbot/videos
X22 Report https://www.youtube.com/useX22Report/videos
Clif High https://www.youtube.com/results?search_query=clif+high
Noem Chomsky https://www.youtube.com/results?search_query=noem+chomsky
Health
Dr John Bergman https://www.youtube.com/usejohnbchiro/videos
Nutrition Facts Org https://www.youtube.com/useNutritionFactsOrg/videos
Any questions just ask
submitted by TonyMcCarp to ethereum [link] [comments]

Merged Mining: Analysis of Effects and Implications

Date: 2017-08-24
Author(s): Alexei Zamyatin, Edgar Weippl

Link to Paper


Abstract
Merged mining refers to the concept of mining more than one cryptocurrency without necessitating additional proof-of-work effort. Merged mining was introduced in 2011 as a boostrapping mechanism for new cryptocurrencies and countermeasures against the fragmentation of mining power across competing systems. Although merged mining has already been adopted by a number of cryptocurrencies, to this date little is known about the effects and implications.
In this thesis, we shed light on this topic area by performing a comprehensive analysis of merged mining in practice. As part of this analysis, we present a block attribution scheme for mining pools to assist in the evaluation of mining centralization. Our findings disclose that mining pools in merge-mined cryptocurrencies have operated at the edge of, and even beyond, the security guarantees offered by the underlying Nakamoto consensus for extended periods. We discuss the implications and security considerations for these cryptocurrencies and the mining ecosystem as a whole, and link our findings to the intended effects of merged mining.

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submitted by dj-gutz to myrXiv [link] [comments]

Ethereum in the year of the fire monkey! can you keep up?

Soon after we celebrate the two-year anniversary of the official release of the white paper with the one millionth block on the frontier, amazing news keep coming in so rapidly that even the world's fastest client cannot finish syncing before the next incredible story hits.
Since the onset of the chinese new year, the fire monkey's frolics set the whole ethereum ecosystem on fire.
For you indulgence, I cherry picked some recent news:
I mean. Isn't this just crazy? In less than a month?
What is YOUR favourite story?
Bonus points if you give me a reason not to be bullish.
submitted by decypha to ethereum [link] [comments]

How to follow, study and keep up to date with the Ethereum project. This info or link might help with newbies or people you would like to send info to regarding what ethereum is.

Iv been asked to put together some info / links on the Ethereum Project by a few people lately that iv met or talked to and since its Sunday and i got a half day from work here it is:
https://www.ethereum.org/ Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Ethereum Blog: https://blog.ethereum.org/
Note: This is not investment advise, This email is just to show you what Ethereum is, what these 1000's of computer scientists, developers, programmers and hackers are building. A whole new internet run from millions of peoples computers all over the world to create the "Ethereum Virtual Machine" or world computer that 7 Billion people can log onto at the same time. It is censorship resistant, encrypted and the Ethereum Blockchain can not be hacked. This is going to change the world as we know it.
There is a built in currency called "Ether" or "ETH" and can be purchased from any of many exchanges listed below.
Note 2: ETC or Ethereum Classic is a smaller blockchain project that also uses the EVM (Ethereum Virtual Machine) and id advise to stay away from that project, it has not got the 1000's of developers building it like ETH does, it apparently has one or 2 developers that went their own way, The EVM can also run private and consortium blockchains that alot of big and small companies are building on for their inhouse private operations. Like a Intranet (intranet is a private network that is contained within an enterprise)
Its very hard to understand at first what exactly blockchain is so here are some videos that i think explains it well:
BBC 2015 https://www.youtube.com/watch?v=0X33lgMbvdI
Ethereum: the World Computer https://www.youtube.com/watch?v=j23HnORQXvs
An Ethereum Interview Series // Teaser from the recent Devcon2 https://www.youtube.com/watch?v=gHseIdJ0SJU
What is Ethereum? https://www.youtube.com/watch?v=Clw-qf1sUZg&t=123s
ETHEREUM explained in 100 seconds. https://www.youtube.com/watch?v=eRDKP8nCVtU
Vitalik Buterin explains Ethereum https://www.youtube.com/watch?v=TDGq4aeevgY
DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin
https://www.youtube.com/watch?v=gjwr-7PgpN8
2016 China Devcon2: Ethereum in 25 Minutes https://www.youtube.com/watch?v=66SaEDzlmP4&t=1s
Joseph Lubin - The Basics of Blockchain and Etherum https://www.youtube.com/watch?v=0ilYnuP1qd4&t=50s
DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo
Blockchain is Eating Wall Street | Alex Tapscott | https://www.youtube.com/watch?v=WnEYakUxsHU
How the mysterious dark net is going mainstream https://www.youtube.com/watch?v=pzN4WGPC4kc&t=378s
The four pillars of a decentralized society | Johann Gevers https://www.youtube.com/watch?v=8oeiOeDq_Nc
Gavin Wood: Why is Blockchain a game changer? https://www.youtube.com/watch?v=ygZWhQXZtl4&t=188s
Brock Pierce: Blockchain technology https://www.youtube.com/watch?v=3lMvo0PPxjQ&t=619s
2014 Keiser Report: New Crypto Phenomenon Ethereum https://www.youtube.com/watch?v=hdAnyC45ZbU (starts at about 12 mins)
Devcon2 Videos from 2016 https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/videos
Devcon1 and other Ethereum Videos from 2014 & 15 https://www.youtube.com/useethereumproject/videos
Soundcloud: (these are great with Arthur speaking directly to Developers that are building on Ethereum)
The Ether Review - Arthur Falls https://soundcloud.com/arthurfalls
ConsenSys Media - Arthur Falls https://soundcloud.com/consensys
Evan Van Ness sends out "The week in Ethereum" latest here: http://www.weekinethereum.com/
Id highly recommend subscribing to his news letter here http://evanvanness.us14.list-manage1.com/subscribe?u=4c6ec57a148e890524b6ac91f&id=7061f7fa65
Ethereum Rules and Getting Started Guide https://www.reddit.com/ethereum/comments/4ws9um/rethereum_rules_and_getting_started_guide/
Reddit:
https://www.reddit.com/ethereum/new/ News, development and everything apart from price. Most news about Ethereum can be found here daily
https://www.reddit.com/ethtradenew/ price and trading discussions
Ethereum News commentators i watch:
Crypt0 https://www.youtube.com/useobham001/videos
Mr Yukon C https://www.youtube.com/channel/UClfAgeZvfwC9hcJrFisW8cQ/videos
Ethereum people to follow on twitter to get linked and fed important blockchain info:
@SingularDTV @golemproject @ethcoreproject @MrYukonC @EthereumCanada @ConsenSysLLC @R3CEV @DigixGlobal @AugurProject @NickSzabo4 @ethereumJoseph @Gatecoin @aantonop @BobSummerwill @GeorgeAHallam @el33th4xor @awrelllRo @mingchan88 @peter_szilagyi @koeppelmann @LefterisJP @stephantual @wmougayar @jeffehh @TaylorGerring @avsa (there is plenty more i just don't have them on my twitter yet)
To run a node from your computer you can download the "Ethereum Wallet" here: https://github.com/ethereum/mist/releases
Instructions:
How to Install the Ethereum Wallet https://www.youtube.com/watch?v=Y3JfLgjqNU4&t=7s
How to Back up and load the Ethereum Wallet https://www.youtube.com/watch?v=CZ8ZCtbxD0M&t=2s
How To Watch Tokens and Other Smart Contracts with the Ethereum Wallet https://www.youtube.com/watch?v=V_KJ84jkPi8
Ethereum and other blockchain project prices http://coinmarketcap.com/
There are many exchanges that trade Ether around the world http://coinmarketcap.com/currencies/ethereum/#markets
Some ones i have used are: www.kraken.com Accepts Euro, Dollar, GBP etc.. by SEPA or international bank transfer and you can buy Ether
www.poloniex.com (does not accept fiat but it is the largest volume for trading crypto pairs, I have used www.bitstamp.net in the UK to buy Bitcoin and then send them to Poloniex to swap for Ether )
www.yunbi.com A very good exchange based in China and have listed a few ethereum tokens, you need to swap through CNY (Chinese Yuan) but its easy and very good support.
www.bittrex.com No Fiat but also lists some Ethereum Based tokens
www.gatecoin.com Based in Hong Kong and you can send Euro and Dollar, Also lists alot of Ethereum Based tokens, Volume is very low at the moment as they recover from a hack but they offer very good support.
The safest place to store you Ether is on a hardware wallet like this one https://www.ledgerwallet.com/products/12-ledger-nano-s.
You can also store all you Ethereum based tokens or shares on this device https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s
The way "I view" the incentive to keep Ether (ETH) is the following and the reason i think it will go up in value is because of "The velocity of Ether moving through the Ethereum economy (Platform)". So the more Ether is used the higher the price will get and in a number of years will see us move down to the lower units finney, szabo, shannon, babbage, lovelace, and wei as the digital economy grows. Ether has 18 decimal places 1,000,000,000,000,000,000. Because after POS Ether total supply will be set at approx. 100 Million with a small inflation of 1 to 3% that pays the computers running it.
So ether will be more like the reserve currency and trade currency between all the other currencies, contracts and Dapps interacting in the Ethereum digital economy. But its main function is like a gas to run the network. Every transaction you have to pay a tiny amount to the network that goes to all the computers running the network. less than 1 penny.
Ethereum Based Tokens / Synthetic assets (What is a Synthetic Asset https://www.youtube.com/watch?v=St9DBpNBP1Q)
On coinmarketcap.com you can see there are 642 other Blockchain projects listed and some like Bitcoin are 8 years old. 90%+ of these projects are junk projects developed by 1 or 2 people and are just copies of Bitcoin. Some have added extra functions over Bitcoin and Bitcoin is a very secure but slow payment DAPP but cant do much else besides payments.
Ethereum was built from scratch and is built like lets say "android or a smart phone" so that DAPPS can be plugged in as you should have heard from the above videos. So there are now a good few DAPPS that are nearly completion that were built on the ethereum blockchain by different groups of developers. There are alot more but 328 are listed here: http://dapps.ethercasts.com/. So there is not just 643 blockchain projects there are over 1000 but all the ones on Ethereum can communicate or interoperate with eachother. Some notable ones you can see listed on coinmarketcap are Augur, Iconomi, DigixDAO, Golem, SingularDTV etc..... All these because they are built on the Ethereum blockchain can interact with eachother but the other 600+ blockchains can not. This is what makes Ethereum different from the rest.
As DigixDAO is the one i have studied most ill give an example of a DAPP thats built on Ethereum and why a DAPP would be usefull
In industry most work is automated, the operators no longer have to take process samples manually and send to the lab or go and top up a tank manually with certain additives, This is all done by automation, When the process is at a certain temperate, level, viscosity etc.. the instrumentation measures this and adds or pumps the necessary ingredients / additives to make sure the final product is made correctly. This automation has saved alot of costs and manual labour in industry.
What Digix / blockchain is doing is automating alot of the back office paperwork, accounting, agreements etc... Example: company that owns a gold vault (Like Silver Bullion) have employees handling paperwork / sales etc and when people sell and buy gold it changes hands or changes registered ownership and the employees have to manually do this paperwork. What Digix provides is automated software that does all this automatically in 14 seconds. For billing / storage if you have gold stored in the vault you pay about 1% a year so you know if you have $10,000 worth of gold then you need to pay about $100 a year which you pay by topping up your gold (DGX) by $100 and its taken out automatically each day by a tiny tiny amount.
The good thing is that if you have Gold Tokens as your savings instead of Fiat and you need to borrow $ short term you can borrow $ by agreeing to lock your Gold Tokens in a smart contract in the software and pay interest for that loan. If you pay back the loan over 3 months then the gold tokens are automatically returned to your address and you havent missed a gold rally or a Fiat devaluation. If you dont pay it back then the person who lent you the $ gets all your gold (or the % not paid) Again this process is automated in a smart contract and the bullion employee didnt have to settle all the paperwork, transfers of gold or get contracts and agreements signed by both parties, This is done by digital signature / agreements and saves the Vault operator alot of costs.
The vault operator can also earn a bit of the loans interest and $ can be provided by them or even 3rd parties. Using the Ethereum blockchain this can be done for lots of different industries from banking, stocks, insurance, gambling, pritty much everywhere
Other non Ethereum related Youtube people i follow, mainly Economics, Geo-politics, Gold / Silver etc.... These people give some very good info that you wont get from the big media companies or state media. Maybe this will help you understand why you should not keep 100% of your wealth in $ and maybe a few % is worth keeping in Crypto or ever Gold Physical or easier DGX (DigixDAO) or DGD.
Greg Hunter https://www.youtube.com/useusawatchdog/videos
Gerald Celente Trends in the News https://www.youtube.com/usegcelente/videos
Gregory Mannarino https://www.youtube.com/useGregVegas5909/videos
Realist News Jsnip4 https://www.youtube.com/usejsnip4/videos
SGT Report https://www.youtube.com/useSGTbull07/videos
Stefan molyneux https://www.youtube.com/usestefbot/videos
X22 Report https://www.youtube.com/useX22Report/videos
Clif High https://www.youtube.com/results?search_query=clif+high
Noem Chomsky https://www.youtube.com/results?search_query=noem+chomsky
Health
Dr John Bergman https://www.youtube.com/usejohnbchiro/videos
Nutrition Facts Org https://www.youtube.com/useNutritionFactsOrg/videos
Any questions just ask
submitted by TonyMcCarp to Futurology [link] [comments]

Stand-alone sidechains? /r/Bitcoin

Stand-alone sidechains? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Will blockchain revolutionise the music industry? It's not that simple.

Since D.A. Wallach's post in December 2014 entitled, "Bitcoin for Rockstars: How Cryptocurrency Can Revolutionize The Music Industry", there's been a rapidly growing number of individuals, companies and organisations racing to make this rather utopian vision a reality.
We've been quietly working on our own vision of this future, versions of which have bubbled to the surface on a few occasions:
…more on that soon.
When we first started building JAAK on Ethereum any face time we managed to wrangle with the music industry was met with unwavering scepticism (in the face of prototypes built on 'Frontier'). 18 months on and we now form part of a multi-billion dollar industry, and you can't walk into a music industry conference without hearing the word "blockchain".
But revolution? Disruption? Those ideas themselves have been disrupted. To coin Christensen's terms, blockchain is a disruptive innovation in some industries, a sustaining innovation in others and new models are emerging for everything in between.
So if you eat Ethereum, sleep Swarm (bzz), and drink Solidity, hold no irrational dislike of music, tv or film, and want to make a real impact in an industry that touches nearly every person on the planet then let's talk.
We're currently looking for Smart Contract, Full Stack and Frontend Developers here.
If you'd just like to follow along, sign up for our newsletter at http://jaak.io, on twitter or facebook.
See you at EDCON.
-- notyourhandle, mrtibbles, zelig, mattsaintwill, nolash
submitted by notyourhandle to ethereum [link] [comments]

If the Classic fork happens, how is development going to continue if Core devs get fed up?

It seems the R3CEV plan is going right as expected, they crush the price, and now they offer Classic as a cop out for all the uninformed newbies (majority) and bro-coders that want a block size increase, whatever increase at this point, they just want to see something bigger than 1MB just for the sake of it, without looking at the details.
Bigger is better, lower fees are better, easy to cater for the masses, which don't grasp the consequences. https://www.reddit.com/Bitcoin/comments/41cpil/former_employee_hired_by_competitor_claims_shop/cz1l2pj
"Let's have a shop with free meals forever and pretend it's sustainable without any tradeoffs!".
They just don't get Bitcoin is supposed to emulate Tor, not Paypal. The Paypal part is done through a layer, so if it layer (LN) f*cks up someday, we still have the super decentralized core where 1 person can still be 1 node, so Blythe Masters and their friends can't coerce it and bribe the datacenter-running nodes into doing whatever it's on their agendas.
We are going towards a cashless society, and their nightmare is that a decentralized alternative to move money exists. The further we go from the 1 person = 1 node scheme, the nearer they are from reaching their goal.
This is something casuals tend not to understand, for some reason. I guess they can't cope with the fact Bitcoin can't scale globally without an additional layer (LN), so they think "well f*ck it, I want my coffee in the blockchain without fees, I don't care about the consequences, it's all FUD!!"
Anyway, as we know, SegWit would be enough to keep progressing without the necessity of the absurd risk of raising the block size which requires a hardfork (inb4 Erik Voorhees lecturing us into how it's better to hard fork even if it's riskier because "SegWit is too complex" -this is exactly how a bro-coder looks like), until we have LN and sidechains deployed, which is what they absolutely FEAR the most, since when this happens, it's pretty much game over for them, that's why they are pulling desperate moves such as the Mike Hearn's ragequit on one of the biggest newspapers in the world (not before he and his friends sold their coins), then right on time, they offer Classic as a savior, it's XTrojan horse all over again, but more subtle.
Here's my question: There's not even code released for Classic yet, but it's clear they are going to copy-paste Core and raise the block size while claiming they are better. As we also know, the raw talent is all on Core's dev team, as demonstrated by 7+ years and endless BIPs. How are they going to keep copy-pasting further updates if Core devs give up at some point? We would have a bunch of amateurs trying to run Bitcoin by themselves, since I assume most Core devs would give up on the idea of an increasingly node-centralized Bitcoin which is the ultimate goal of those that are trying to derail Core's roadmap. There would be no more Peter Wuilles and Greg Maxwells doing miracles to keep nodes decentralized while increasing privacy. It would be as if Litecoin didn't had Bitcoin to copy-paste from.
Let's just hope the disaster doesn't happen but if it happens, I wonder how the Core dev team will deal with. I just can't imagine how frustrating it is to spend so much time on this, to get some idiots copy-pasting your stuff and changing a node-centralizing variable and then call it a better software, then keep developing Core as they routinely copy-paste every update you release on their agenda-driven fork. Can you f*king believe it?
I just can't stand how obvious the fact that this is just a power grab backed by developers and companies from Blockchain Alliance trying to decrease the influence of cypherpunks. This is the biggest cold-war ever, and you don't even know it.
submitted by ICantFkingBelieveIt to Bitcoin [link] [comments]

Tokens, PoS, Ether and Security

Tim Swanson from R3CEV has published a very interesting document on the 18th of November: http://r3cev.com/blog/2015/11/18/tim-swanson-paper-watermarked-tokens
The main concern of that document seems to be the fact that if one starts using tokens on a blockchain (like Bitcoin) and the value of the tokens grows beyond certain threshold, then the blockchain does not provide an adequate security for such tokens anymore. For example - one would not record Apple stock ownership on Bitcoin, because it would create such a big incentive to attack.
It is quite difficult to quantify security of any Proof Of Work blockchain, because it is not very clear how much is actually being spent on securing it - most of work goes unrecorded and can only be guessed by relying on assumed probabilistic properties of the mining process (e.g. Poisson process)
Proof of Stake, with all its controversies, allows for a more accurate estimation of how much the stakeholder have to lose from an unsuccessful attempt to attack.
However, Tim Swanson's argument about value of the tokens versus security of the network, applies here too. Logical conclusion would be to require that the value of ETH stakes is proportional to the total value of tokens. To satisfy such requirement, there must be some known mechanism, similar to what underlies stable crypto-currencies.
If we assume that paying transaction fees under Casper Proof of Stake is possible in any currency or asset (https://github.com/ethereum/EIPs/issues/28), but the only thing accepted for stakes is ETH, then we can view ETH as an interest-rate product - it yields certain income to the owner, proportional to the amount owned. If ETH has only that function, then one can try to value it as it is usually done for financial assets - by taking all the income 'chunks' it produces, discounting it to the present value and summing it all up. Because of discounting (future value of money + uncertainty discount), income too far in the future is regarded as vanishingly small, and the series of discounted incomes converges.
The above valuation means that anticipated increase in the future transaction fees, or their certainty, will increase the value of ETH. It seems like the only straightforward mechanism of ETH price formation in this scenario. It follows that to achieve an adequate security for tokens transacted over the Ethereum blockchain, the transaction fees attracted by the ETH stakes must grow proportional to the value of the tokens transacted. The question is - what are the mechanisms to ensure this property? For example, tokens with very high volume of transaction can "pay their way" even with relatively small transaction fees. However, high-value, but slow moving tokens (think about property titles), will have to pay much more to remain secure.
If there are many tokens hosted by the same blockchain, then there might be an issue of "free-riding" - some tokens will contribute to the security significantly more than others (by being more liquid), and others can be high-value, but not providing sufficient income for the ETH stakeholders. When a "generous" token disappears for some reason, others might get less secure, because the value of ETH will drop correspondingly.
Any thoughts welcome
submitted by ledgerwatch to ethereum [link] [comments]

Getting there together: The moon is far. But not far enough.

Nothing good comes from actions taken through fear, pressure, greed or impatience. Nothing.
We’d do well to remember Andreas’ wise and portentous words a few years back:
“No government can fuck bitcoin up. Only we can fuck it up… from the inside.”
It has saddened many to see the split in team bitcoin.
I had hoped by now hands would have been shaken and unity restored, but it seems we continue to run in circles, echoing the wider circus show that is Red vs. Blue, Remain vs. Leave and all the petty one-upmanship, twisted half-truths and mudslinging that comes with waging information wars on an unwilling, subdued and confused populace.
As with our tattered partisan democracies reflecting never-ending post-factual news cycles via embittered old vitriolic patriarchs, so too it seems, our little motley crew of misfits and rebels have resorted to the very same tactics we lambast those FUDsters for. FUDsters we, as a community, are supposed to rally against.
There was a time when some bitcoiners – Roger included – feared for their lives and liberty, such was the commitment to this idea of a better world. Look how far we have come together since those dark, scary, lonesome days where we all needed to hide in the shadows… only a small crazy few in the world to cling to for morale and understanding.
How did such a small group of believers get to this bold new frontier we are on the precipice of with such ease? By working together, united as one and by simply telling the truth to the world at large.
Never did I think the day would come where petty differences would be so vast between us, they couldn't be settled like Gentlemen. And what is happening today is definitely not Gentleman.
Are we not tired of seeing ads paid for by /btc and bitcoin.com to buy points of views in the exact same way political parties try to buy our minds and worldviews through TV and social media? Are we saddened that Roger's crew feel so ostracised that those are the only way they feel they can reach the 'masses'?
Must we endure the same tactics of the vote-buying organised criminal class? Is this not the kind of us vs. them mentality this technology was supposed to help free us all from?
Equally, are we not tired of the attacks on Roger Ver who no doubt feels like an injured animal backed into a corner.
Whilst I abhor Roger’s strong-arm but very clever, almost honey badgeresque ;) tactics, it unnerves me that bigger, faster stronger business is his raison d’être. It unnerves me too that a single 'partisan' blogpost from someone who runs a mining pool in China can make a mockery of all the hard work, sweat and camaraderie we have all put into this project because there is no single unifying message of truth out there.
It's all happening too fast, and it is this exact million miles per hour coke-fuelled mentality that got that 'other' economy into the mess it's in, requiring the release valve of bitcoin.
The irony of all this of course is, had the split not created all this negativity and driven a wedge of fight or flight through the community, we may have all arrived at a compromise months ago that lead to bigger blocks - through consensus. Or, the alternative solutions may well have been advanced by everyone on the same page.
Either way, consensus is a must, unless you want us to repeat the same mistakes of that old world we've been rallying against. And yes, it takes time to get widespread agreement. Even more so when there's FUD flying in every corner.
In the very least, had we not been infighting we could have properly devoted time and energy to developing a robust consensus platform that even the layman can get involved with. After all, do we not one day hope to build these kind of systems for decentralised crowd-driven governance? Why not start with our own governance platform? Instead of splintering us into factions, could Roger not have vested his time and ample resources in helping develop a framework for such a platform? Would this not address the actual key issue here: too much noise and lack of real communication.
What really leaves a bad taste in my mouth is to see all the ad-hominem personal attacks levelled at Roger.
Roger Ver is a man that has been monumental in spreading the word of bitcoin, cares deeply about the innocent victims of the ‘shock and awe’ doctrine and has solid empathy towards the struggles faced by fellow humans. And he's made us smile a good few times along the way too...
Who can forget the ‘Bitcoin: Honey Badger of Money’ billboard that he had erected back in 2011 and (afaik) still stands to this day? How many people have driven past that and found bitcoin because of Roger? How many ripples in the ocean of awareness did Roger first cast?
Roger’s ‘how bitcoin stops war’ speech (and subsequent Tomasz animation) bought a lump to my throat, as did the very real heartfelt tears Roger shed for Iraq war victims; his softly spoken manner tells us that his heart is in the right place and that he loves bitcoin and its potential to free humanity from the yoke of middlemen as much as we all do.
But bitcoin is not going to end war in isolation – it can’t even end the war we created within our own ranks!
Both camps should be ashamed that we’ve allowed things to get this far. Jesus, we’ve surmounted so many obstacles together, and from real, actual ‘bad guys’ who do not give one nano fuck about this world or the people in it. Remember the money 2020 bankster comments all those years back? “Look at these fuckin’ nerds talking about bitcoin. They’ve never seen true evil till we fuck them in the ass”. THAT’S what we were up against. The following year, bitcoin brochures were on every seat at that very same conference. THAT’S what we surmounted... TOGETHER.
The attacks on Roger need to stop, as do his attacks on this subreddit, and its mods. Yes censorship sucks, but so does DDOSing a community that doesn’t understand the intricacies of the argument; an argument that should be settled either via building the aforementioned consensus platform or, for now, via Google hangouts, IRC and a separate subreddit where it can all be weighed up without the intervention and bias of people who are going to railroad the discussion through ignorance and/or belligerence, or simply people who aren't interested in technical discussions. bitcoin isn't the place for it, just as we decided it wasn't the place for market and price discussions.
Roger needs to feel he can come back to this subreddit. He was and should again be an important part of the team here as soon as these bumps in the road have been ironed out. And they will be ironed out, because we're all really fucking good at solving big problems, which is what bought us together in the first place. And this is a tiny problem compared to the others we've solved. A problem we ALL want to solve.
“But… but roger said this…” I hear bitcoin clamouring in the comments. We should not give a single fuck what Roger did or didn’t say since the Roger we are seeing is not the Roger that erected that billboard or shed those tears or made that speech, and that’s because he has faced so much vitriol from a community that has forgotten (or newbs that don’t know) all the crazy risks he has taken in the past to spread bitcoin awareness and back believers. And yes, his own actions have at times been questionable, but they come as a direct result of feeling voiceless and powerless. He’s not saint bitcoin jesus (none of us are) but he is, on the whole, good for bitcoin and passionately wants to help humanity move forward.
So let's help Roger and everyone else get back to expending our energy and considerable skills in the most positive ways for the entire group.
Which brings me to core itself, and the importance of consensus. On any programming job of this scale and sensitivity: consensus is fucking paramount. End of. If we're having problems reaching consensus it's because of a lack of communication, not a problem with the processes required to move forward. Without those processes this project would have crashed and burned years ago, probably around the time GOX went up in flames.
On this subject, I attended a core roundtable meet a few years ago in London. Present were Gavin, Peter and Mike Hearn (back before he jumped ship). Mike came across as massively frustrated, and rather than trying to build bridges, instead took the authoritarian "do it my way or I’ll burn them down" approach whilst wonderfully gentle Gavin meekly stood underneath, unsure which lane to stand under.
Peter was the only one who truly impressed me and left me feeling (as a fellow programmer) that core was in safe hands whilst he guided the oncoming traffic. He fulfilled the role of a strong leader but more importantly maintained an air of the calm, resolute thinker and rational listener. As frustrating as this might be for those like Roger who are deeply passionate about business working alongside this technology: calm, dispassionate logic is what’s needed to drive the code; if we don’t want that code falling off a manmade cliff. Yes it sucks if you're used to running a fast-paced business and you feel the out of date shop fittings are bad for customers, but having working lights and an actual USP is far more superior to pushing on with new renovations only to have the roof cave in on you and your customers.
The recent implosion of R3CEV has vindicated my thoughts on all this. In an ideal world, Mike, another person who has been fundamental in helping shape bitcoin for the better, would come back to the fold and accept that bitcoin is not and cannot be run like a business and, as such, nothing can happen through force of his will alone, no matter how loud he shouts or how many spanners he throws into the works. Indeed, had he not wasted time on lighthouse or writing guff demonising bitcoin, and instead used his skills on streamlining consensus with actual TECH instead of arrogance, maybe he would have solved the very boring human relational problems facing us. Quite why Mike figured the solution was a sassy essay and an entire new blockchain backed by the same system (and people) bitcoin is supposed to circumvent is beyond me. It makes absolutely no sense unless he never really believed from the beginning.
Then again, maybe the whole ‘bitcoin is dead' thing was an elaborate hoax, and Mike’s job was simply to infiltrate and keep the banks busy whilst firing a rocket up cores arse (which I think it probably did)… If so, bravo Mike; we look forward to seeing you appear as a nominee alongside Craig Wright at the 2020 bitcoin tinfoil oscar ceremonies ;)
So here we are. (TL/DR)
Bitcoin is still here and will still be here tomorrow, as sure as the sun will set and the moon will rise.
But wouldn’t it be a lot nicer if the whole family were dancing in the moonlight?
We MUST remember as the unlikely bunch of human beings from all walks of life that found and believed in this grand idea born in digital cyberspace all those years ago, that we all have FAR more similarities than we do differences. And the real strength we have is not that we believe in bitcoin but that we believe in EACH OTHER.
We MUST strive to put our differences to one side and start working together again otherwise we are no better than those shock and awe men in corridors of power we - or people who think very much like us - will surely one day peacefully take the baton of power from to lead them and the rest of humanity out of the darkness.
To do that we must lead by example. Together.
To do so means both camps dropping egos; and appealing to logical, rational process over impulsive fear-driven emotions. It means to tread slowly and carefully and to forgive each other for caring so much we hurt each other and the whole community in the process.
But most of all it means observing the obvious truth we have witnessed from the beginning:
The “crazy one’s” that comprise team bitcoin are stronger, braver and crazier together :)
We’ve come far together.
We will go even further when we stay together.
submitted by smeggletoot to Bitcoin [link] [comments]

what are the use cases for private blockchains?

i've been seeing coins like nem and dragonchain offering a blockchain integration solution where you have a private block chain (permissioned) where you store your core data that you keep private and expose only certain things through to a public block chain (permisionless), secured via cryptography, this way the company can have a private block chain and integrate it with the public one securely and only expose certain data. you can also vary how "public" you want your blockchain to be. With NEM you can have a permissioned blockchain which could be used by a few companies say in the same industry that want to share data but do not trust each other. In this scenario consensus is achieved using proof of authority consensus, this means that validators are chosen, this works well in a permissioned blockchain because validators can be assigned to the companies in this scenario.
However as for the need for a private block chain where it is permissioned only to a single company / entity, i cant think of a good use case for one. In the case of NEM or dragonchain where they offer integration between the permissioned blockchain and permissionless block chain, i think integration between the two just over complicates things. I think just using standard JSON api calls to invoke a smart contract (dApp) would be much simpler and perhaps more efficient, but i could be wrong on that.
I was wondering what is even the point of a private block chain where there are no other entities organisations permissioned to use it, i was trying to find a good use case but couldn't find one that beats using a database as an immutable ledger. within an organization there is generally trust. the point of blockchain is to remove trust from a central authority. when where there not be within a company? i can see that as the only point of using a private block chain, but cant think of any use cases; also using blockchain is less efficient then using a database so thus no point, it also adds great complexity to the software architecture in the organisation.
regarding nem im not shilling it, i was just reading the website, it kinda sounded shitty before the idea of a semi public block chain came up, there is proof of authority coin, i think it's got this goal in mind, i also did check out dragonchain, look at their github repo before they made it private, its terrible given what they are promoting and their roadmap deadlines this year.
I found this article which was ok: https://bornonjuly4.me/2017/01/10/blockchain-what-is-permissioned-vs-permissionless/
I think the only use case for a permissioned blockchain is if its used in the scenario where companies need to share data / assets but do not nec trust each other. so with a consensus mechanism where the validators can be picked and run by the companies companies operating within the network, it would provide trust. this section is quite good:
Let us look at the topic of enterprise blockchains. Almost all of these piloted blockchains these days are permissioned. There are many reasons why this is the case:
As for a permissioned blockchain used soley within an organisation, i dont see the point of using it over a regular database and in house built software. there are probably use cases, but i cant think of one.
what do you guys think?
submitted by Neophyte- to CryptoTechnology [link] [comments]

There already exists more than 10 private blockchains desperately hoping they're the winner

Private Blockchains:
The Bitcoin Blockchain has achieved consensus among $450m of venture capital, has forced every major Central bank to comment on it, forced every major government to issue remarks and regulation for it, and is used already worldwide by a couple million people.
Meanwhile... you have Clearmatic's Robert Sam writing:
"I’ll venture to guess that censorship resistant securities transactions is not the reason why financial institutions are looking at distributed consensus tech. Their goals are rather different from Satoshi’s."
This guy doesn't realize the only reason financial institutions are looking at any distributed consensus tech AT ALL is because the censorship resistant Bitcoin blockchain has taken off much to their dismay. Must be nice selling lemons to banks to feed their fear of being disrupted by Bitcoin.
Banks laugh at Bitcoin fanboys for not taking them seriously, calling these blockchain projects intranet. But if one just used simple logic to view this environment, one would realize that it is an impossibility for any of these identical private blockchains to win out over all others. They offer no network effects. So please explain to me how the world becomes more efficient if Bank of America and Citigroup use itBit's 'BankChain' to settle trades but then Citigroup needed to novate a trade over to a European bank which is using 'Utility Settlement Coin' of UBS's to settle?
EVEN if you buy into the idea that trading of securities should be restricted to 'legit institutions' and not 'bucket shops' (what is the difference?), using a private blockchain still requires one of these companies achieving universal consensus without the network effects that Bitcoin offers. Good lucking doing a sales job on the entire existing financial system one by one, hoping your startup / innovation group with a measly $20m and 40 people will be able to get the world to switch to your private blockchain in the next 12 months before you run out of funding. Nobody cares that your team boasts of ex CFO / CEO / COO / MD of legacy financial institutions.
Prediction: The word "Blockchain tech" will be so tarnished from the absolute failures of these companies that "Bitcoin" will once again become the go to word as it explodes out of its shell as a 'ponzi scheme for druggies and pedophiles".
submitted by Bankchain to Bitcoin [link] [comments]

Getting there together: The moon is far. But not far enough.

Nothing good comes from actions taken through fear, pressure, greed or impatience. Nothing.
We’d do well to remember Andreas’ wise and portentous words a few years back:
“No government can fuck bitcoin up. Only we can fuck it up… from the inside.”
It has saddened many to see the split in team bitcoin.
I had hoped by now hands would have been shaken and unity restored, but it seems we continue to run in circles, echoing the wider circus show that is Red vs. Blue, Remain vs. Leave and all the petty one-upmanship, twisted half-truths and mudslinging that comes with waging information wars on an unwilling, subdued and confused populace.
As with our tattered partisan democracies reflecting never-ending post-factual news cycles via embittered old vitriolic patriarchs, so too it seems, our little motley crew of misfits and rebels have resorted to the very same tactics we lambast those FUDsters for. FUDsters we, as a community, are supposed to rally against.
There was a time when some bitcoiners – Roger included – feared for their lives and liberty, such was the commitment to this idea of a better world. Look how far we have come together since those dark, scary, lonesome days where we all needed to hide in the shadows… only a small crazy few in the world to cling to for morale and understanding.
How did such a small group of believers get to this bold new frontier we are on the precipice of with such ease? By working together, united as one and by simply telling the truth to the world at large.
Never did I think the day would come where petty differences would be so vast between us, they couldn't be settled like Gentlemen. And what is happening today is definitely not Gentleman.
Are we not tired of seeing ads paid for by /btc and bitcoin.com to buy points of views in the exact same way political parties try to buy our minds and worldviews through TV and social media? Are we saddened that Roger's crew feel so ostracised that those are the only way they feel they can reach the 'masses'?
Must we endure the same tactics of the vote-buying organised criminal class? Is this not the kind of us vs. them mentality this technology was supposed to help free us all from?
Equally, are we not tired of the attacks on Roger Ver who no doubt feels like an injured animal backed into a corner.
Whilst I abhor Roger’s strong-arm but very clever, almost honey badgeresque ;) tactics, it unnerves me that bigger, faster stronger business is his raison d’être. It unnerves me too that a single 'partisan' blogpost from someone who runs a mining pool in China can make a mockery of all the hard work, sweat and camaraderie we have all put into this project because there is no single unifying message of truth out there.
It's all happening too fast, and it is this exact million miles per hour coke-fuelled mentality that got that 'other' economy into the mess it's in, requiring the release valve of bitcoin.
The irony of all this of course is, had the split not created all this negativity and driven a wedge of fight or flight through the community, we may have all arrived at a compromise months ago that lead to bigger blocks - through consensus. Or, the alternative solutions may well have been advanced by everyone on the same page.
Either way, consensus is a must, unless you want us to repeat the same mistakes of that old world we've been rallying against. And yes, it takes time to get widespread agreement. Even more so when there's FUD flying in every corner.
In the very least, had we not been infighting we could have properly devoted time and energy to developing a robust consensus platform that even the layman can get involved with. After all, do we not one day hope to build these kind of systems for decentralised crowd-driven governance? Why not start with our own governance platform? Instead of splintering us into factions, could Roger not have vested his time and ample resources in helping develop a framework for such a platform? Would this not address the actual key issue here: too much noise and lack of real communication.
What really leaves a bad taste in my mouth is to see all the ad-hominem personal attacks levelled at Roger.
Roger Ver is a man that has been monumental in spreading the word of bitcoin, cares deeply about the innocent victims of the ‘shock and awe’ doctrine and has solid empathy towards the struggles faced by fellow humans. And he's made us smile a good few times along the way too...
Who can forget the ‘Bitcoin: Honey Badger of Money’ billboard that he had erected back in 2011 and (afaik) still stands to this day? How many people have driven past that and found bitcoin because of Roger? How many ripples in the ocean of awareness did Roger first cast?
Roger’s ‘how bitcoin stops war’ speech (and subsequent Tomasz animation) bought a lump to my throat, as did the very real heartfelt tears Roger shed for Iraq war victims; his softly spoken manner tells us that his heart is in the right place and that he loves bitcoin and its potential to free humanity from the yoke of middlemen as much as we all do.
But bitcoin is not going to end war in isolation – it can’t even end the war we created within our own ranks!
Both camps should be ashamed that we’ve allowed things to get this far. Jesus, we’ve surmounted so many obstacles together, and from real, actual ‘bad guys’ who do not give one nano fuck about this world or the people in it. Remember the money 2020 bankster comments all those years back? “Look at these fuckin’ nerds talking about bitcoin. They’ve never seen true evil till we fuck them in the ass”. THAT’S what we were up against. The following year, bitcoin brochures were on every seat at that very same conference. THAT’S what we surmounted... TOGETHER.
The attacks on Roger need to stop, as do his attacks on this subreddit, and its mods. Yes censorship sucks, but so does DDOSing a community that doesn’t understand the intricacies of the argument; an argument that should be settled either via building the aforementioned consensus platform or, for now, via Google hangouts, IRC and a separate subreddit where it can all be weighed up without the intervention and bias of people who are going to railroad the discussion through ignorance and/or belligerence, or simply people who aren't interested in technical discussions. bitcoin isn't the place for it, just as we decided it wasn't the place for market and price discussions.
Roger needs to feel he can come back to this subreddit. He was and should again be an important part of the team here as soon as these bumps in the road have been ironed out. And they will be ironed out, because we're all really fucking good at solving big problems, which is what bought us together in the first place. And this is a tiny problem compared to the others we've solved. A problem we ALL want to solve.
“But… but roger said this…” I hear bitcoin clamouring in the comments. We should not give a single fuck what Roger did or didn’t say since the Roger we are seeing is not the Roger that erected that billboard or shed those tears or made that speech, and that’s because he has faced so much vitriol from a community that has forgotten (or newbs that don’t know) all the crazy risks he has taken in the past to spread bitcoin awareness and back believers. And yes, his own actions have at times been questionable, but they come as a direct result of feeling voiceless and powerless. He’s not saint bitcoin jesus (none of us are) but he is, on the whole, good for bitcoin and passionately wants to help humanity move forward.
So let's help Roger and everyone else get back to expending our energy and considerable skills in the most positive ways for the entire group.
Which brings me to core itself, and the importance of consensus. On any programming job of this scale and sensitivity: consensus is fucking paramount. End of. If we're having problems reaching consensus it's because of a lack of communication, not a problem with the processes required to move forward. Without those processes this project would have crashed and burned years ago, probably around the time GOX went up in flames.
On this subject, I attended a core roundtable meet a few years ago in London. Present were Gavin, Peter and Mike Hearn (back before he jumped ship). Mike came across as massively frustrated, and rather than trying to build bridges, instead took the authoritarian "do it my way or I’ll burn them down" approach whilst wonderfully gentle Gavin meekly stood underneath, unsure which lane to stand under.
Peter was the only one who truly impressed me and left me feeling (as a fellow programmer) that core was in safe hands whilst he guided the oncoming traffic. He fulfilled the role of a strong leader but more importantly maintained an air of the calm, resolute thinker and rational listener. As frustrating as this might be for those like Roger who are deeply passionate about business working alongside this technology: calm, dispassionate logic is what’s needed to drive the code; if we don’t want that code falling off a manmade cliff. Yes it sucks if you're used to running a fast-paced business and you feel the out of date shop fittings are bad for customers, but having working lights and an actual USP is far more superior to pushing on with new renovations only to have the roof cave in on you and your customers.
The recent implosion of R3CEV has vindicated my thoughts on all this. In an ideal world, Mike, another person who has been fundamental in helping shape bitcoin for the better, would come back to the fold and accept that bitcoin is not and cannot be run like a business and, as such, nothing can happen through force of his will alone, no matter how loud he shouts or how many spanners he throws into the works. Indeed, had he not wasted time on lighthouse or writing guff demonising bitcoin, and instead used his skills on streamlining consensus with actual TECH instead of arrogance, maybe he would have solved the very boring human relational problems facing us. Quite why Mike figured the solution was a sassy essay and an entire new blockchain backed by the same system (and people) bitcoin is supposed to circumvent is beyond me. It makes absolutely no sense unless he never really believed from the beginning.
Then again, maybe the whole ‘bitcoin is dead' thing was an elaborate hoax, and Mike’s job was simply to infiltrate and keep the banks busy whilst firing a rocket up cores arse (which I think it probably did)… If so, bravo Mike; we look forward to seeing you appear as a nominee alongside Craig Wright at the 2020 bitcoin tinfoil oscar ceremonies ;)
So here we are. (TL/DR)
Bitcoin is still here and will still be here tomorrow, as sure as the sun will set and the moon will rise.
But wouldn’t it be a lot nicer if the whole family were dancing in the moonlight?
We MUST remember as the unlikely bunch of human beings from all walks of life that found and believed in this grand idea born in digital cyberspace all those years ago, that we all have FAR more similarities than we do differences. And the real strength we have is not that we believe in bitcoin but that we believe in EACH OTHER.
We MUST strive to put our differences to one side and start working together again otherwise we are no better than those shock and awe men in corridors of power we - or people who think very much like us - will surely one day peacefully take the baton of power from to lead them and the rest of humanity out of the darkness.
To do that we must lead by example. Together.
To do so means both camps dropping egos; and appealing to logical, rational process over impulsive fear-driven emotions. It means to tread slowly and carefully and to forgive each other for caring so much we hurt each other and the whole community in the process.
But most of all it means observing the obvious truth we have witnessed from the beginning:
The “crazy one’s” that comprise team bitcoin are stronger, braver and crazier together :)
We’ve come far together.
We will go even further when we stay together.
submitted by smeggletoot to btc [link] [comments]

Synopsis of Charley Cooper's (R3 CEV) talking points at the Brookings Institution.

A synopsis:
1 A question being asked to Charley Cooper – the Managing Director at R3CEV. This guy begins with a non–argument tangent, proclaiming that Bitcoin was created by anti–government/anti–Wall Street sympathizers (assuming this is bad), and continues that he is a part of the group that will actually make the technology relevant or useful. Fortunately – Bitcoin already is, and it doesn't need to comply with regulatory nonsense to achieve success, because it is decentralized. R3 may end up forking Ethereum, or something similar, as admitted later. However, it will atrophy as time and isolation do their part; it is a glorified database. The most interesting part, about his opening, might be the spoiler that Mike Hearn – in a matter of hours – was going to have editorials published about him throwing in the towel.
2 He starts eating the danish He seems to have some trouble with this.
3 Talks some more about Bitcoin not being robust enough for the financial sector.
4 Admits a decentralized blockchain might work in the future for the financial sector. Goes on to say that anonymous nodes are not trustworthy. Discusses his thoughts on blockchain derivatives, like colored coins, incentivizing actors to discontinue mining – and instead hack the network (if hacking is more profitable). Should not be a problem if the smart contracts are stored on a centralized ledger or exchange,...oh wait.
5 Says R3 is interested in forking the best solution that develops in the free market. Names Ripple, Ethereum as examples.
6 Takes a sip of coffee and writes a mysterious note to himself.
7 Has no idea how long regulatory agencies will take to green–light R3's technology.
8 Says that government bureaucracy is confusing, slow, and often contradicts itself. Again, has little idea on how to solve this. Says he will try but needs everyone's support. Does not know who to contact first in the government (understandable as there are too many redundant agencies).
9 Admits banks are hamstrung by needing permission from regulatory bodies before acting. Financial institutions need permission before utilizing a "permission–less" system like Bitcoin.
10 Spins disposable pen with confidence
11 Claims regulations are not the problem. Says the real problem is not knowing what the regulations are, due to inconsistencies. Says he doesn't know what to do, again. I think one could argue that an improvement would be if the regs did not exist, to begin with. Shortly after this, David Wessell (the moderator) says the internet flourished because it existed in a regulatory free environment. However, he thinks this analogy is not fitting for digital currencies.
Summing up his speaking points: Bitcoin can – and should – be separated from bitcoin. Also, R3CEV is going to be shackled by the slow moving & fractured regulatory environment.
submitted by O-38 to btc [link] [comments]

R3CEV Wants to use Bitcoin

Charlie of R3CEV says it would be much easier for them if they could use the organic bottom-up Bitcoin. But obviously, they can't (yet)..
I know these are banks, but better they used a public blockchain. After all, it is to be used by anyone/thing that wishes to use it..that includes banks
https://youtu.be/R0iArSIU0Z8?t=1h56m30s
submitted by bitcoinxbt to Bitcoin [link] [comments]

Stand-alone sidechains?

A report from "the inside":
The Battle of Blockchains has started — hundreds of banks and financial institutions worldwide are catching on, learning the technology, discussing applications, implications and regulations. It's happening!
Ripple and r3cev have so far done an amazing job approaching banks with this blessed technology, and yes, even banks are starting to realise that the technology is here to stay.
Judging by reddit posts, the last couple of days the discussion of 'private vs bitcoin/permissionless blockchains' has gotten a lot of attention. This discussion is also reflected among bankers for at least two reasons: * IBM (huge in the finance sector) and r3cev are pounding out the message that the bitcoin blockchain will introduce compliance issues, and * Traditional bankers still don't want to be associated with bitcoin the token. The past couple of years, bitcoin has gone from geek experiment, to a toy to a ponzi scheme, to a fad. Numerous managers who cast their early judgment would have to repent in the wake of bitcoin's success. Right now, I'd say it's a political question.
So we have a situation in which most traditional bankers will lean toward private blockchains (keep in mind that in these institutions, a decision to go public with a blockchain initiative will typically be taken by people older than the open-source generation)
In my version of the future, the bitcoin blockchain is the people's blockchain, i.e. the hub of everyday, personal monetary transactions. This "motherchain" will be interconnected with multiple sidechains handling securities, title deeds, insurances, patents+licensing, document archiving, registration certificates, anti-counterfeit and so on.
So here's my question: Can such a sidechain be implemented as an autonomous blockchain, i.e. stand-alone, completely separated from the bitcoin blockchain, and at a later point in time (say after heavy utilisation for five years) be connected with a 2-peg to the bitcoin blockchain?
I don't know how well the term sidechain is defined, but I'm basically talking about what nullc and blockstream is working on.
tl;dr Can a sidechain be launched as an autonomous blockchain, and later connected to the bitcoin blockchain?
submitted by o-o- to Bitcoin [link] [comments]

Clive Cooke - Managing Director at R3 CEV Chap 6.5.3 CORDA CONSORTIUM R3 CEV Ex. de DLT Blockchain ... R3CEV el gran globalizador de la blockchain ¿sera corda skynet? No pero le queda poco KCN News: Axoni and R3CEV announced data management trial Trace Mayer - Long on Bitcoin short on altcoins and R3cev

Blockchain applications built on Corda can reimagine and increase the potential of existing business networks, enabling direct and trusted transactions that eliminate friction and accelerate growth. Vision. R3’s vision is of a world where everyone can transact directly and privately with trust. Business partners operate in perfect synchrony, and trustless interactions are a thing of the past ... R3CEV had 15 as of August 2016. SWIFT could make it easy for 11,000 members to use Blockchain – and seems determined to do so. Richard Gendal Brown. I don’t care whether R3CEV goes into the dustbin of history. I do hope that Richard Gendal Brown (CTO at R3CEV) continues blogging about Blockchain and Bitcoin. He is my go to source when I ... R3 CEV is a New York-based financial innovation firm that Mike Hearn joined as the chief platform officer several months prior to his announcement that Bitcoin was a “failed experiment.” R3 focuses on distributed ledger technology and has partnered with 42 banks around the world, such as Goldman Sachs, HSBC and Toronto Dominion, over the past year to create a blockchain consortium of ... Technisch ist die Blockchain eine verteilte Datenbank, die speziell geeignet ist für nach Bearbeitungszeit geordnete Daten. Zum Kern-Element der Blockchain gehört die eingebettete Sicherheit (embedded security). Sie unterscheidet sich von gewöhnlichen Datenbanken, weil es praktisch unmöglich sein soll, Einträge zu ändern oder zu löschen. Dieses Sicherheitselement ist nicht eine von auß Bekannt geworden ist die Blockchain-Technologie durch Bitcoin, der bekannten Peer-to-Peer-Digitalwährung. Manche Erzählung über die Kryptowährung beginnt damit, dass ihre Entwickler den internationalen Zahlungsverkehr unabhängig von Banken, Zentralbanken und dem weltweiten Geldsystem machen wollten.

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Clive Cooke - Managing Director at R3 CEV

This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Close. This video is unavailable. Deze week hebben wij een interview met de bekende investeerder in bitcoin bedrijven: Trace Mayer. We spreken over de blocksize, R3cev en de belastingdienst die aan de deur klopt van bitcoin ... Learn more at: 1. Follow us on Twitter: @heytaizen @leoncfu 2. Subscribe To Our Newsletter at: https://cryptocurrency.market/newslet... 3. Get your copy of the ... Canal educativo de youtube dedicado al análisis técnico y a las monedas digitales, criptomonedas como el Bitcoin, Ethereum o IOTA. Si quieres introducirte en...

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