How Bitcoin Works Under the Hood Thesis One

Found a Youtube video the other day describing how Bitcoin works under the hood.

Video
It was posted here four months ago by the guy who made it (direct upvotes there) but didn't get a lot of attention.
It's the best explanation of the technical details I've seen. I see a lot of misconceptions around here, even among those who've been here a while. I feel like most people could learn something from this.
Perhaps, given the increasing interest, it could be put on the sidebar?
submitted by lowpass to Bitcoin [link] [comments]

How to sell xBricks for money (self post for mod approval)

Preface
I've written this guide with those that are unfamiliar with crypto in mind, however it's still a lengthy process. I'm going to try to present this in a way where you don't have to learn how the underlying crypto technology works, but I will add in links to relevant concepts in case you're curious. This process was a lot more complicated before but I made a web interface to simplify it.
At the time of writing this, FortniteBR BRICKs are worth 10 cents a piece. That makes 1000 bricks worth 100 bucks. The liquidity pool is about $14,000 at the time of writing, meaning that there's room in the market for you to hypothetically get $7,000 if you had a lot of BRICKs.
If at any point throughout this process you need help, DM me!
Misc. Resources That Might Be Helpful
What you need
You will need:
Step 1: Setup
On your desktop computer, install MetaMask. This is an Ethereum Wallet which will allow you to interact with the Ethereum Network and its many sidechains. More on this later.
Follow the setup instructions in MetaMask. If you've never done this before, you'll need to create a new seed phrase. Video tutorial if you get stuck.
YOUR SEED PHRASE IS THE KEY TO YOUR WALLET. ANYONE WHO HAS ACCESS TO YOUR SEED PHRASE CAN TAKE YOUR FUNDS. IF YOU LOSE YOUR SEED PHRASE YOU HAVE NO WAY TO RECOVER YOUR FUNDS. WRITE IT DOWN AND STORE IT IN A SAFE PLACE!!! NEVER GIVE IT OUT TO ANYONE - ANYONE THAT ASKS FOR YOUR SEED PHRASE IS TRYING TO SCAM YOU! DON'T FALL FOR IT!
In the MetaMask interface, you'll see "Main Ethereum Network". This process uses two networks. One of them is the Rinkeby Testnet (where the BRICK tokens are natively) and one of them is the xDAI network which is where we will bridge the tokens to in order to exchange them for Dai, a token which is pegged to the price of the dollar.
From the dropdown, select Rinkeby Testnet. If you're in the assets tab, you should see a thing that shows your ETH balance. Below this, you should see an "add token" button. Click it. Go to "Custom Token" at the top. In "token contract address," paste in the following:
0xe0d8d7b8273de14e628d2f2a4a10f719f898450a
The other fields will autofill. Hit next. You'll now see your BRICK balance (which will be 0, you haven't transferred your bricks yet) in MetaMask if you've done everything right.
You'll need Rinkeby Ether to cover transaction fees. Since we're on a testnet, the Ether is worthless which means people hand it out for free. You can get this Ether from a variety of places:
Now it's time to get your BRICKs from your Reddit vault into your MetaMask wallet.
WARNING: ALL CRYPTO TRANSACTIONS ARE IRREVERSIBLE.
Your Ethereum address shows up under Rinkeby. It should be "0x" followed by a bunch of hex characters. Click on it to copy it to your clipboard. You now need to somehow get this to your mobile device. Email it to yourself, text it to yourself, whatever.
On your Reddit mobile app home screen, click on your profile icon and then go to vault. You'll need to set this up and claim your tokens if you haven't already. Be aware that this is also technically an Ethereum wallet. Keep your seed phrase safe.
Send however many BRICKs you want to sell to your MetaMask wallet. Check to make sure the addresses are the same, but don't worry too much about making a typo or whatever. The chances that you'd make a typo that would result in a valid Ethereum address are slim, if you get a character wrong it'll just tell you it's not a real Ethereum address and prevent you from sending.
It may show an error when you try to send. This is somewhat rare but pretty normal. They often run out of testnet Ether. Come back later and try again.
If it works properly, it'll take about a minute to go through. It may take longer than that.
Once the transaction goes through, you'll see that you have an absurd amount of BRICKs in MetaMask. No, there wasn't a glitch. The people who wrote the code for BRICKs made the decimals of precision weird for some reason. It's off by a factor of 1018. This isn't a big deal.
If you see Bricks and Ether (ETH) in your MetaMask wallet, proceed to the next step. If you're having issues, feel free to DM me.
Step 2: Getting Your BRICKs from Rinkeby to xDai
There's a LOT going on under the hood for this part (deets for those interested). Previously this required manually generating contract interactions, which is kind of a pain if you're new to Ethereum. I made a UI to make this easier (it generates the transactions for you, all you have to do is sign them with your wallet). This took way longer to do than you might guess, so feel free to help a homie out at:
0x4BCcC2569DD93C7dF43431A7b70db569dedB6187
Go to my tool. Hit connect. If you're on the Rinkeby network, it should show your balance in BRICKs. Enter the amount you want to bridge (probably all of them). If neither of us have made any mistakes, it should pop up with a request to spend your BRICKs. If there's any issue with this tool, DM me. This allows the TokenBridge contract to take your BRICKs and put them on the xDai network where you can sell them. This is the part where you'll get an error if you don't have any testnet ETH. Set the gas price to 1 (the suggested price is based on the Main Ethereum Network - it's way too high). After you approve that, it'll give you another thing to accept. This is the actual transaction where it'll bridge to xDai. Again, make sure the gas price is set to 1 and confirm the transaction.
Add xDai to MetaMask
Switch to the xDai network. We're going to add another token. Again, go to "add token" > "custom token" > "token contract address". Paste in:
0x2f9ceBf5De3bc25E0643D0E66134E5bf5c48e191
If the transactions have gone through, you should see your xBricks (the name for BRICKs that have been bridged to xDai) in MetaMask. If not, wait a bit for the transactions to go through. Sometimes there are slowdowns that cause bridging to take a while. Shouldn't take too long, though. Once that's done, you're ready for the next step.
Step 3: Trading Your xBricks for xDai
Go to Honeyswap. Hit "select a token." You'll need to paste in the xBrick address again. Here it is:
0x2f9ceBf5De3bc25E0643D0E66134E5bf5c48e191
Click xBrick.
You'll need to flipflop the trade around by hitting the arrow button. xBrick should be on top. Type in the amount of xBricks you want to sell, or hit max to sell all of them. 1 xDai = $1. You'll need to hit approve first. Set gas price to 1 again. Then you can complete the trade by hitting swap. After a bit, the xDai should show up in your wallet.
Step 4: Mainnet
Everything on Mainnet costs actual money to do. It costs about 50 cents to make a transaction and it costs about 3 bucks to use an exchange like the one we just used. If you don't have mainnet Ether, you won't be able to do anything with your mainnet Dai (what xDai is called when it's bridged back to the main Ethereum network). You may be able to find someone to lend you some ETH to make these transactions with. Whatever you do, just be aware.
If you still want to bridge your xDai into Dai, go here and make sure xDai is on the left. If it's not, go in the top right and select xDai chain. Enter the amount of xDai you want to bridge to mainnet and then hit transfer. Follow the prompts. This part may take up to an hour due to recent network congestion. After it's done, if you go back to Main Ethereum Network in MetaMask you should see your Dai.
If you have a few bucks of ETH, you can use UniSwap to convert your Dai to even more ETH. Uniswap tutorial
Things you can do with ETH
submitted by Oninteressant123 to u/Oninteressant123 [link] [comments]

Update and Few Thoughts, a (Well-Typed) transcript: Liza&Charles the marketeers, Voltaire kick-off, PrisM and Ebb-and-Flow to fuck ETH2.0 Gasper, the (back)log of a man and a falcon, lots of companies, September Goguen time, Basho, 2021 Titans, Basho, Hydra and much more thoughts and prayers

Hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado. I'm trying a new streaming service and it allows me to annotate a few things and simulcast to both periscope and youtube. Let's see how this works. I also get to put a little caption. I think for the future, I'm just for a while going to put: "I will never give away ada". So, when people repost my videos for giveaway scams they at least have that. First off, a thank you, a community member named Daryl had decided to carve a log and give his artistic impression of my twitter profile picture of me and the falcon so that always means a lot when I get these gifts from fans and also I just wanted to, on the back of the Catalyst presentation, express my profound gratitude and excitement to the community.
You know it's really really cool to see how much progress has been made in such a short period of time. It was only yesterday when we were saying "when Shelley"? Now Shelley's out and it's evolving rapidly. Voltaire is now starting to evolve rapidly and we're real close to Goguen. At the end of this month we'll be able to talk around some of the realities of Goguen and some of the ideas we have and give some dates for certain things and give you a sense of where that project is at. The good news is that we have gained an enormous amount of progress and knowledge about what we need to do and how to get that done and basically people are just executing and it's a much smaller task than getting us to Shelley. With Byron to Shelley we literally had to build a completely new cryptocurrency from the ground up. We had to have new ledger rules, new update system, we had to invent a way of transitioning from one system to another system and there's hundreds of other little innovations along the way: new network stack and so forth. Byron cosmetically looks like Shelley but under the hood it's completely different and the Shelley design was built with a lot of the things that we needed for Goguen in mind. For example, we built Shelley with the idea of extended UTXO and we built Shelley understanding what the realities were for the smart contract model and that's one of the advantages you get when you do this type of bespoke engineering. There's two consequences to that, one, the integration is significantly easier, and two, the integration is significantly faster. We won't look at that same complexity there.
The product update at the end of the month... We'll really start discussing around some of these things as well as talk about partners and talk about how the development ecosystem is going to evolve. There are a lot of threads throughout all three organizations that are happening simultaneously. Emurgo, they're really thinking deeply about DeFi and they've invited us to collaborate with them on things like stablecoins for example but we're also looking at oracles (oracle pools), DEX and these other things and because there are already people in market who have made mistakes, learned lessons, it gives us the benefit of hindsight. It means we can be much faster to market and we can build much more competitive things in market and the Cardano community gets first access to these next generation DeFi applications without a lot of the problems of the prior generations and that's super beneficial to us.
You know, the other side of it, is that Voltaire is going to have a systemic influence not just on community funding but also the overall evolution and direction of the platform. The longer it exists the more pervasive it will become. Probably first applied towards the Cardano foundation roadmap but later on it will definitely have a lot of influence and say over every element aspect of the system including the launch dApps and these other things. Basically, long term, the types of problems that Cardano solves so that's incredibly appealing to me and very exciting to me because it's like I have this giant community brain with the best and brightest of all of you working with us to get us where we need to go.
You know, another thing that was super encouraging, it's a small thing, but it shows us that we're definitely in the right direction was that we recently got a demo from Pramod (Viswanath) and his team out of university of Illinois on a protocol they create called PrisM which is a super fast proof-of-work protocol and they wrote this beautiful paper and they wrote code along with it that showed that PrisM is a ten thousand times faster than Nakamoto consensus. If you take the bitcoin proof-of-work protocol, you strip it out, you put PrisM in, you can run the entire bitcoin system 10000 times faster. They have these beautiful benchmarks to show that. Even in bad network conditions. (I'm) promoting this team, they're, they're real researchers, and they're real engineers, they use a lot of cool HPC concepts like springboarding and other things like that to accommodate that. Then I asked him in the presentation, I said well, how much faster if you replay the Ethereum chain? He says, well, that it takes a big performance hit, could be only maybe a hundred times because that model is not as easy to optimize and shard with standard computer science concepts. In fact in some cases there are limitations there that really can't be overcome. It turns out that we're more on that UTXO side than we are on the account side. As a coincidence or intent of the design of extended UTXO we're gonna have a lot easier time getting much higher performance where and when it's necessary.
I also approved this week a scaling up of the Basho project. In particular, to build a hydra prototype team. The science has gotten to a point where we can make a really competitive push in that particular direction. What does that mean? It means that in just a few short months we can de-risk technological approaches that long-term will give us a lot of fruit where and when the community decides that they need infrastructure like hydra. Now, here's the beautiful thing about hydra. If you watch my whiteboard back in September of 2017 when Cardano first hit market with Byron I talked about this concept of looking at scalability with a very simple test which is as you get more people in the system it stays at the same performance or it gets faster. We all experience systems that do this, for example, bittorrent, more people downloading something you tend to be able to get it faster and we all experience the converse which is, the system gets slower when you get more people. What does this mean? It means that hydra is an actual approach towards true scalability in the system and it's a lot easier to do than sharding even though we have a beautiful approach to get the sharding on the ledger side if we truly desire to go down that way. There's beautiful ideas that we are definitely in deep discussions about. That's a very complex thing. There was recently a paper ("Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma") out of Stanford that showed that the Gasper protocol as proposed for ETH2.0 does have some security concerns and it's going to be the burden on the shoulders of the Ethereum 2.0 developers and Vitalik to address those concerns from those Stanford professors. Whenever you have these very complex protocols they have so many different ways they can break and things can go wrong so it's much more appealing when you don't have to embrace complexity to achieve the same. The elegance of hydra is that stake pool operators are very natural parties to put hydra channels on and every time we add one we get much more performance out of that and the system as it gets more valuable. The k factor increases which means you get more stake pull operators, which means you get more hydra channels, so with growth we get appreciation, with appreciation we get more decentralization, with more decentralization we get more performance. In essence, this spiritually speaking, is really what we meant when we said scalability. That the system will always grow to meet its particular needs and we have a very elegant way of moving in that direction that doesn't require us to embrace very sophisticated techniques. It's not to say that these techniques don't have a place and purpose but it says that the urgency of implementing these is gone and we then have the luxury to pick the best science when it's ready instead of rushing it to market to resolve a crisis of high fees. We'll never have that crisis so there's a beauty to Cardano that is missing, I in my view, from many cryptocurrencies and blockchains in the marketplace and we're now seeing that beauty shine through. Not only through our community who are so passionate and amazing but in the science and the engineering itself and how easy it is for us to navigate the concepts. How easy it is for us to add more things, to take some things away, to clean some things up here and there and our ability to move through.
I never imagined when in 2015 I signed up to go in on this crazy ride and try to build a world financial operating system we would have made as much progress as we made today. We've written more than 75 research papers as an organization many of which are directly applicable to Cardano. We've got great partners who work with Nasa and Boeing and Pfizer, massive companies, that have 10 years of history and millions of users to come in and help us grow better. We've worked with incredible organizations, major universities like university of Wyoming, university of Edinburgh, Tokyo, tech professors all across the world. We've worked with incredible engineering firms like VacuumLabs and AtixLabs and Twig and Well-Typed, runtime verification, QuviQ and dozens of others along the years and despite the fact that at times there's been delays and friction throughout this entire journey we've mostly been aligned and we keep learning and growing. It gives me so much hope that our best days are ahead of us and an almost fanatical belief that success is inevitable in a certain respect. You see because we always find a way to be here tomorrow and we always find a way to make tomorrow a better day than today and as long as that's the trend you're monotonically increasing towards a better tomorrow, you're always going to have that outcome, you're always going to be in a position where Cardano shines bright. Towards the end of the month we'll have a lot more to say about the development side and that'll be a beginning just like Voltaire is the beginning and then suddenly you now notice the beautiful parallelism of the roadmap. Shelley continues to evolve, partial delegation is coming, in fact, I signed the contract with vacuumlabs to bring that to Ledger (and Trezor). The Daedalus team is hard at work to make that feature apparent for everyone as is the Yoroi team.
You see that, with now Voltaire, and soon was Goguen, and these are not endpoints, rather they're just beginnings and they're never over. We can always make staking better, more diverse, more merit-based and entertain different control models, have better delegation mechanics, have better user experience. The same for smart contracts, that's an endless river and along the way what we've discovered is it's easy for us to work with great minds and great people. For example with testing of smart contracts I would love to diversify that conversation above and beyond what we can come up with and bring in some firms who have done this for a long time to basically take that part with us shoulder to shoulder and build beautiful frameworks to assist us. For example, runtime verification is doing this with, the EVM with a beautiful project called Firefly to replace Truffle. I believe that we can achieve similar ends with Plutus smart contracts.
When you ask yourself what makes a system competitive in the cryptocurrency space? In my view there are four dimensions and you have to have a good story for all four of those dimensions. You need security and correctness. A lot of people don't prioritize that but when they get that wrong it hurts retail people, it hurts everyday people, billions of dollars have been lost due to the incompetence and ineptitude of junior developers making very bad mistakes and oftentimes those developers faced no consequences. The people who lost money were innocent people who believed in cryptocurrencies and wanted to be part of the movement but didn't protect themselves adequately. That's a really sad thing and it's unethical to continue pushing a model that that is the standard or the likely outcome rather than a rare edge case. You have to as a platform, a third generation platformn invest heavily in giving the developers proper tools to ensure security and correctness. We've seen a whole industry there's been great innovations out of Quantstamp and ConsenSys and dozens of other firms in the space including runtime verification who have really made major leaps in the last few years of trying to improve that story. What's unique to Cardano is that we based our foundations on languages that were designed right the first time and there's over 35 years of history for the approach that we're following in the Haskell side that allows us to build high assurance systems and our developers in the ecosystem to build high assurance systems. We didn't reinvent the wheel, we found the best wheel and we're giving it to you.
I think we're going to be dominant in that respect as we enter 2021. Second, you look at things like ease of maintenance, ease of deployment, the life cycle of the software upgrades to the software and as we've demonstrated with things like the hard fork combinator and the fact that Voltaire is not just a governance layer for ada and Cardano but will eventually be reusable for any dApp deployed on our system. You have very natural tooling that's going to allow people to upgrade their smart contracts, their dApps and enable governance for their users at an incredibly low cost and not have to reinvent the governance wheel each and every application. This is another unique property to our system and it can be reused for the dApps that you deploy on your system as I've mentioned before. Performance is a significant concern and this was often corrupted by marketers especially ICO marketers who really wanted to differentiate (and) say: "our protocol tested on a single server in someone's basement is 500000 transactions per second" and somehow that translates to real life performance and that's antithetical to anyone who's ever to study distributed systems and understands the reality of these systems and where they go and what they do and in terms of performance. I think we have the most logical approach. You know, we have 10 years of history with bitcoin, it's a massive system, we've learned a huge amount and there's a lot of papers written about, a lot of practical projects and bitcoin is about to step into the world of smart contracts. We congratulate them on getting Schnorr sigs in and the success of Taproot. That means entering 2021, 2022, we are going to start seeing legitimate dApps DeFi projects, real applications, instead of choosing Ethereum or Algorand, EOS, Cardano, choosing bitcoin and they're adding a lot to that conversation. I think that ultimately that model has a lot of promise which is why we built a better one. There are still significant limitations with what bitcoin can accomplish from settlement time to the verbosity of contracts that can be written.
The extended UTXO model was designed to be the fastest accounting and most charitable accounting model ever, on and off chain, and hydra was designed to allow you to flex between those two systems seamlessly. When you look at the foundations of where we're at and how we can extend this from domain specific languages, for domain experts, such as Marlowe to financial experts, and the DSLs that will come later, for others, like lawyers and supply chain experts in medical databases and so forth and how easy it is to write and deploy these. Plutus being beautiful glue code for both on and off chain communications. I think we have an incredibly competitive offering for performance and when hydra comes, simply put, there'll be no one faster. If we need to shard, we're going to do that and definitely better than anybody else because we know where our security model sits and there won't be surprise Stanford papers to blindside us that require immediate addressing.
In terms of operating costs, this is the last component, in my view, and that's basically how much does it cost you the developer to run your application? There are really two dimensions, one is predictability and the other is amount. It's not just good enough to say: it's a penny per transaction today. You need to know that after you spend millions of dollars and months or years of effort building something and deploying something that you're not going to wake up tomorrow and now it's five dollars to do what used to cost a penny. You need that cost to be as low as possible and as predictable as possible and again the way that we architectured our system and as we turn things on towards the end of this year and as we enter into the next year we believe we have a great approach to achieve low operating cost. One person asks why Cardano? Well because we have great security and correctness in the development experience and tools with 35 years of legacy that were built right the first time and don't put the burdens of mistakes on your customers. They ask why Cardano and we say: well the chain itself is going to give you great solutions with identity value transformation and governance itself and as a consequence when you talk about upgrading your applications having a relationship with your customers of your applications and you talk about the ease of maintenance of those applications. There's going to be a good story there and we have beautiful frameworks like Voltaire that allow that story to evolve and we keep adding partners and who have decades of experience to get us along. We won't stop until it's much better. They asked why Cardano? We said because at the moment we're 10 times faster today than Ethereum today and that's all we really need for this year and next year to be honest and in the future we can be as fast as we need to be because we're truly scalable. As the system gets more decentralized the system improves performance and where and when we need to shard we can do that. We'll have the luxury of time to do it right, the Cardano way, and when people ask why Cardano? Because the reality is, it's very cheap to do things on our platform and the way we're building things. That's going to continue being the case and we have the governance mechanisms to allow the community to readjust fees and parameters so that it can continue being affordable for users. Everything in the system will eventually be customizable and parameterizable: from block size, to transaction fees and the community will be in a good position to dynamically allocate these things where and when needed so that we can enjoy as an ecosystem predictability in our cost.
In the coming weeks and months, especially in my company, we're going to invest a lot of time and effort into comparison marketing and product marketing. When I see people say, oh well, you've launched proof of stake, a lot of other people have done. I don't think those people fully appreciate the magnitude of what we actually accomplished as an ecosystem and the quality of the protocols that are in distribution. That's not their fault, it's our fault, because we didn't take the time in simplistic terms, not scientific papers and deep code and formal specifications, but rather everyday language, to really show why we're different. I admit that that's a product failing and that needs to be corrected so we hired a great marketing director, named Liza (Horowitz?) and she is going to work full time with me and others in the ecosystem, a great team of people, every single day to get out there and explain what we have done is novel, unique, competitive and special to our industry. Everything from Ouroboros and contrast to major other protocols from the EOSes and Algorands and the Tezos of the world. Why we're different, trade-offs we chose over them, to our network stack, to the extended UTXO model, to Plutus, to Marlowe and we're going to keep hammering away at that until we get it right and everybody acknowledges and sees what has been accomplished.
I've spent five years of my life, good years of my life, and missed a lot to get this project where it needs to go. All of our employees have invested huge sums of their personal lives, their time, their brand, their careers, in trying to make this the really most magical and special cryptocurrency and blockchain infrastructure around. No one ever signed up in this company or the other companies working on Cardano to work on a mediocre protocol. That's just another blockchain, they signed up to change the world, they signed up to build a system that legitimately can look at you in the face and say: one day we have the potential to have a billion users! That's what they signed up for and they showed up to play. They built technology that evolves in that direction with some certainty and great foundations and we have an obligation to market in a way that can show the world why, succinctly, with clarity. Understandably, this has been a failing in the past but you know what? You can always be better tomorrow that monotonically increasing make it better and that's what we're going to do. We recognized it and we're going to invest in it and with Voltaire if we can't do it. You the community can do it and we'll work with you. If you can do a better job and the funding will be there to get that done. In addition to this, we think about 2021 and we ask where does the future take us? I've thought a lot about this you know I've thought a lot about how do we get the next five years as we close out 2020 and here's the reality: we're not going to leave as a company until we have smart contracts and multi-asset and Voltaire has evolved to a point where the community can comfortably make decisions about the future of the protocol and that the staking experience has solidified and it's stable.
I don't care if this costs me millions or tens of millions of dollars out of my own pocket to make happen. I'm going to do that because that's my commitment to you, the community and every product update will keep pushing our way there. We'll continue to get more transparent, we'll continue to get more aggressive and hire more and parallelize more. Aware when we can, to deliver that experience so that Cardano gets where it needs to go. Then when we ask about where do we go next? The reality is that the science as an industry, the engineering as an industry has given a menu of incredibly unique attractive and sexy things that we can pursue. What we're going to do is work with the community and the very same tools that are turning on today, the Voltaire tools, the cardano.ideascale.com tools and we're going to propose a consortium and we're going to bring the best and brightest together and give a vision of where we can take the system in another five years. With the benefit of hindsight, massively improved processes, better estimation capabilities and the fact that we're not starting with two people at IOG. We're starting with 250 people and the best scientific division in our industry and the legacy of almost, nearly by the end of this year, 100 scientific papers. That's us, you know what, there's dozens of companies throughout the history who have worked on Cardano. It's about time to scale them up too and get client diversity. So come next year when the protocol has evolved to the point where it's ready for it, we'll have that conversation with you the community and that's going to be a beautiful conversation. At the conclusion of it, there's going to be certainty of how we're going to evolve over the next five years to get ourselves beyond the cryptocurrency space. I'm very tired of these conversations we have about: are you going to go to (coindesk's) consensus or not? Or who's going to be the big winner? What about Libra or what about this particular regulation and this crypto unicorn and this thing?
You know I've been in the space a long time and I've noticed that people keep saying the same things year after year in the same venues. Yes, the crowd sizes get larger and the amount of value at risk gets larger but I haven't seen a lot of progress in the places where I feel it is absolutely necessary for this technology to be permanent in the developing world. We need to see economic identity. People often ask what is the mission for Cardano? For us IOG, you look at economic identity and you take a look at a roadmap. For it, you scale up and down, and each and every step along the way, from open data, to self-sovereign identity, to financial inclusion. You can keep going down: to decentralized lending, decentralized insurance, decentralized banking. Each and every step along the way to economic identity. When you admit a blockchain tells you that, there's a collection of applications and infrastructure that you need to build.
My life's work is to get to a point where we have the technology to do that. The infrastructure to do that, with principles, and so we'll keep evolving Cardano and we'll keep evolving the space as a whole and the science as a whole until I can wake up and say: each box and that road to economic identity, for all people not just one group, we have a solution for that. I'm going to put those applications on Cardano and success for me is not about us being king of the crypto hill and having a higher market cap than bitcoin or being entrepreneur of the year coindesk's most influential person. It's meaningless noise, success for me is reflecting back at the things that we have accomplished together and recognizing that millions if not billions now live in a system where they all matter, they all have a voice, they all have an equal footing. The Jeff Bezos of the world have the very same experience as the person born in Rwanda and we're not done until that's the case. It's a long road, it's a hard road, but you know what? We're making progress, we have great people in Africa, we have great people in eastern Europe, we have great people in southeast Asia and great partners all along the way. Great people, Latin America, great people in south America, great people here in the United States.
When we talk about economic identity there are millions, if not tens of millions of Americans who don't have it. Same for Canadians, hundreds of thousands, who don't have it. Developed western cultures, it's the greatest blind spot of policy and as we enter into a depression as a result of coronavirus, add millions if not tens of millions more onto that list. Generations are being disenfranchised by this legacy system and we as an ecosystem, we as an entire community are offering a different way forward. Not hyper centralizationn not social credit but a way forward where you own your own money, your own identity, your own data. You're not a victim of surveillance capitalism, you're not a victim of civil asset forfeiture. When you say the wrong things, you get shut out of society. Each and every human being matters and I'm optimistic to believe that when you remind people that they matter they're gonna rise to the occasion. That is the point of my company. In the things that we do each and every day, that's our mission to give the platforms to the world so that those who don't have economic identity can get it and they can keep it and no one can take it from them and they can enjoy an ever increasing growth of standard of living wealth and prosperity.
However you want to measure that this is my goal post, I couldn't care less about the cryptocurrency space. It was a great place to start but the space needs to be reminded why it exists. Bitcoin was given a mandate on the back of the 2008 financial crisis to do something different. It was not given a mandate to go be a new settlement layer for central banks or a new way for the old guard to make more money and banks get bigger and for those who are in control to preserve their power. The whole point of doing something so crazy as to buy a coin that doesn't even exist in real life, that's just a bunch of numbers in the cloud, the whole point of that was so that we as a society could do something different than the way that we'd been doing things before. So, each and every member of the cryptocurrency space needs to remind everyone else from time to time why we're here and where did we come from and where are we going to go.
The beauty of Cardano is we have already achieved for the most part a decentralized brain and that momentum is pushing harder than ever. More and more scientists are waking up, more and more institutions are waking up, getting us there. The code we have, the right approach and I think we have a great competitive offering for 2021 as we go and battle the titans and that's going to be a lot of fun but we know who we are and where we're going and we're in the right places. It's so incredibly encouraging to see the stake pool operators not just be from California or Texas or New York or Canada. To see a lot of stake pool operators from the place that need the most, help everybody does matter and it means a lot to me for the people who are there but it means a lot to everybody to say that we have created an equal platform. It makes the participation of all of us so much more meaningful. We're not just talking to each other, we're talking to the world and by working together on this platform we're lifting the world up and giving people hope. That's the point, there's a lot more to do, we didn't get everything done. You never do you aspire, you work hard, you set a moon, shot and sometimes you can just get to orbit with the first go but you know what? When you build the next rocket you can go to Mars.
Thank you all for being with me, thank you all for being part of this. Today was a damn good day with the announcement of Voltaire. Go to cardano.ideascale.com. You can participate in that, so end of September is going to be a good day too. There's a lot of good days to come, in between a lot of hard days, doing tasks sometimes entirely forgettable but always necessary to keep the revolution going and the movement going. I cannot wait for 2021, our best days are ahead of us, because of you. You all take care now .
Source: https://www.youtube.com/watch?v=BFa9zL_Dl_w
Other things mentioned:
https://cardano.ideascale.com/
https://www.atixlabs.com/blockchain
https://www.well-typed.com/
https://www.vacuumlabs.com/
https://medium.com/interdax/what-is-taproot-and-how-will-it-benefit-bitcoin-5c8944eed8da
https://medium.com/interdax/how-will-schnorr-signatures-benefit-bitcoin-b4482cf85d40
https://quantstamp.com/
https://bloxian.com/bloxian-platforms/ (TWIG)
https://runtimeverification.com/firefly/
https://www.trufflesuite.com/
https://experts.illinois.edu/en/publications/prism-deconstructing-the-blockchain-to-approach-physical-limits (PrisM and not our Prism https://atalaprism.io/)
Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma (aka Gasper and ETH2.0 fucker) https://arxiv.org/abs/2009.04987
http://www.quviq.com/products/
https://en.wikipedia.org/wiki/Schnorr_signature
submitted by stake_pool to cardano [link] [comments]

LBRY Site and Token!

LBRY
For most users, LBRY will be a place where they can find great videos, music, ebooks, and more: imagine a vast digital library that is available on all of your devices. But under the hood, LBRY is many components working together.
First and foremost, LBRY is a new protocol that allows anyone to build apps that interact with digital content on the LBRY network. Apps built using the protocol allow creators to upload their work to the LBRY network of hosts (like BitTorrent), to set a price per stream or download (like iTunes) or give it away for free (like YouTube without ads). The work you publish could be videos, audio files, documents, or any other type of file.
Traditional video (or other content) sites such as YouTube, Instagram, and Spotify store your uploads on their servers and allow viewers to download them. They also allow creators to make some money through advertising or other mechanisms. However, there are some well-known drawbacks, especially for people whose material is perceived as not being advertiser-friendly.
LBRY aims to be an alternative to these sites, allowing publishers and their fans to interact directly without the risk of demonetization or other meddling.
What makes this all possible is the blockchain technology developed by the creator of Bitcoin.
Do you have to understand any of this to use and enjoy LBRY ? No. Does it still matter to users? Yes!
Earn rewards based on followers, how many you are following, daily watch reward, invite reward and more that show up that arnt part of the dailys.
I current have been using LBRY to watch The StarLost, a cliche 1973 Canadian space film. There are many other shows, influences and Crytpo related shows on LBRY
submitted by japakar to japakar [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your Bitcoin Cash with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 57,099 shuffles, making 267,268 BCH more private =)
Shuffle veterans, spin up your Electron Cash wallets! If your whole wallet is already shuffled, go to the Coins tab (which you can make visible in the "View" menu), select the coins you'd like to shuffle today, right click, and then click "re-shuffle". (In addition to helping out with "liquidity" for Shuffle Saturday, this gives you an even larger "anonymity set". If you're new, though, you don't have to worry about this "re-shuffle" step for now!)
CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day :-)
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in! Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper, especially if you are going to hold significant amounts of coin in the wallet), then activate CashShuffle by clicking the deck of cards icon in the lower right (which kind of looks like a shoe =P).
Once it's activated, it will start shuffling your coins. Shuffles happen as their own, separate transactions, and only cost you the transactions fees (less than a penny). Electron Cash will, by default, prevent you from spending coins that haven't been shuffled yet, so it may take a little while to have enough shuffled for regular use. (It actually tends to happen pretty quickly; there are just some randomly slower times so you can't always count on it. What you CAN always count on... is Shuffle Saturday.)
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

A new whitepaper analysing the performance and scalability of the Streamr pub/sub messaging Network is now available. Take a look at some of the fascinating key results in this introductory blog

A new whitepaper analysing the performance and scalability of the Streamr pub/sub messaging Network is now available. Take a look at some of the fascinating key results in this introductory blog

Streamr Network: Performance and Scalability Whitepaper


https://preview.redd.it/bstqyn43x4j51.png?width=2600&format=png&auto=webp&s=81683ca6303ab84ab898c096345464111d674ee5
The Corea milestone of the Streamr Network went live in late 2019. Since then a few people in the team have been working on an academic whitepaper to describe its design principles, position it with respect to prior art, and prove certain properties it has. The paper is now ready, and it has been submitted to the IEEE Access journal for peer review. It is also now published on the new Papers section on the project website. In this blog, I’ll introduce the paper and explain its key results. All the figures presented in this post are from the paper.
The reasons for doing this research and writing this paper were simple: many prospective users of the Network, especially more serious ones such as enterprises, ask questions like ‘how does it scale?’, ‘why does it scale?’, ‘what is the latency in the network?’, and ‘how much bandwidth is consumed?’. While some answers could be provided before, the Network in its currently deployed form is still small-scale and can’t really show a track record of scalability for example, so there was clearly a need to produce some in-depth material about the structure of the Network and its performance at large, global scale. The paper answers these questions.
Another reason is that decentralized peer-to-peer networks have experienced a new renaissance due to the rise in blockchain networks. Peer-to-peer pub/sub networks were a hot research topic in the early 2000s, but not many real-world implementations were ever created. Today, most blockchain networks use methods from that era under the hood to disseminate block headers, transactions, and other events important for them to function. Other megatrends like IoT and social media are also creating demand for new kinds of scalable message transport layers.

The latency vs. bandwidth tradeoff

The current Streamr Network uses regular random graphs as stream topologies. ‘Regular’ here means that nodes connect to a fixed number of other nodes that publish or subscribe to the same stream, and ‘random’ means that those nodes are selected randomly.
Random connections can of course mean that absurd routes get formed occasionally, for example a data point might travel from Germany to France via the US. But random graphs have been studied extensively in the academic literature, and their properties are not nearly as bad as the above example sounds — such graphs are actually quite good! Data always takes multiple routes in the network, and only the fastest route counts. The less-than-optimal routes are there for redundancy, and redundancy is good, because it improves security and churn tolerance.
There is an important parameter called node degree, which is the fixed number of nodes to which each node in a topology connects. A higher node degree means more duplication and thus more bandwidth consumption for each node, but it also means that fast routes are more likely to form. It’s a tradeoff; better latency can be traded for worse bandwidth consumption. In the following section, we’ll go deeper into analyzing this relationship.

Network diameter scales logarithmically

One useful metric to estimate the behavior of latency is the network diameter, which is the number of hops on the shortest path between the most distant pair of nodes in the network (i.e. the “longest shortest path”. The below plot shows how the network diameter behaves depending on node degree and number of nodes.

Network diameter
We can see that the network diameter increases logarithmically (very slowly), and a higher node degree ‘flattens the curve’. This is a property of random regular graphs, and this is very good — growing from 10,000 nodes to 100,000 nodes only increases the diameter by a few hops! To analyse the effect of the node degree further, we can plot the maximum network diameter using various node degrees:
Network diameter in network of 100 000 nodes
We can see that there are diminishing returns for increasing the node degree. On the other hand, the penalty (number of duplicates, i.e. bandwidth consumption), increases linearly with node degree:

Number of duplicates received by the non-publisher nodes
In the Streamr Network, each stream forms its own separate overlay network and can even have a custom node degree. This allows the owner of the stream to configure their preferred latency/bandwidth balance (imagine such a slider control in the Streamr Core UI). However, finding a good default value is important. From this analysis, we can conclude that:
  • The logarithmic behavior of network diameter leads us to hope that latency might behave logarithmically too, but since the number of hops is not the same as latency (in milliseconds), the scalability needs to be confirmed in the real world (see next section).
  • A node degree of 4 yields good latency/bandwidth balance, and we have selected this as the default value in the Streamr Network. This value is also used in all the real-world experiments described in the next section.
It’s worth noting that in such a network, the bandwidth requirement for publishers is determined by the node degree and not the number of subscribers. With a node degree 4 and a million subscribers, the publisher only uploads 4 copies of a data point, and the million subscribing nodes share the work of distributing the message among themselves. In contrast, a centralized data broker would need to push out a million copies.

Latency scales logarithmically

To see if actual latency scales logarithmically in real-world conditions, we ran large numbers of nodes in 16 different Amazon AWS data centers around the world. We ran experiments with network sizes between 32 to 2048 nodes. Each node published messages to the network, and we measured how long it took for the other nodes to get the message. The experiment was repeated 10 times for each network size.
The below image displays one of the key results of the paper. It shows a CDF (cumulative distribution function) of the measured latencies across all experiments. The y-axis runs from 0 to 1, i.e. 0% to 100%.
CDF of message propagation delay
From this graph we can easily read things like: in a 32 nodes network (blue line), 50% of message deliveries happened within 150 ms globally, and all messages were delivered in around 250 ms. In the largest network of 2048 nodes (pink line), 99% of deliveries happened within 362 ms globally.
To put these results in context, PubNub, a centralized message brokering service, promises to deliver messages within 250 ms — and that’s a centralized service! Decentralization comes with unquestionable benefits (no vendor lock-in, no trust required, network effects, etc.), but if such protocols are inferior in terms of performance or cost, they won’t get adopted. It’s pretty safe to say that the Streamr Network is on par with centralized services even when it comes to latency, which is usually the Achilles’ heel of P2P networks (think of how slow blockchains are!). And the Network will only get better with time.
Then we tackled the big question: does the latency behave logarithmically?
Mean message propagation delay in Amazon experiments
Above, the thick line is the average latency for each network size. From the graph, we can see that the latency grows logarithmically as the network size increases, which means excellent scalability.
The shaded area shows the difference between the best and worst average latencies in each repeat. Here we can see the element of chance at play; due to the randomness in which nodes become neighbours, some topologies are faster than others. Given enough repeats, some near-optimal topologies can be found. The difference between average topologies and the best topologies gives us a glimpse of how much room for optimisation there is, i.e. with a smarter-than-random topology construction, how much improvement is possible (while still staying in the realm of regular graphs)? Out of the observed topologies, the difference between the average and the best observed topology is between 5–13%, so not that much. Other subclasses of graphs, such as irregular graphs, trees, and so on, can of course unlock more room for improvement, but they are different beasts and come with their own disadvantages too.
It’s also worth asking: how much worse is the measured latency compared to the fastest possible latency, i.e. that of a direct connection? While having direct connections between a publisher and subscribers is definitely not scalable, secure, or often even feasible due to firewalls, NATs and such, it’s still worth asking what the latency penalty of peer-to-peer is.

Relative delay penalty in Amazon experiments
As you can see, this plot has the same shape as the previous one, but the y-axis is different. Here, we are showing the relative delay penalty (RDP). It’s the latency in the peer-to-peer network (shown in the previous plot), divided by the latency of a direct connection measured with the ping tool. So a direct connection equals an RDP value of 1, and the measured RDP in the peer-to-peer network is roughly between 2 and 3 in the observed topologies. It increases logarithmically with network size, just like absolute latency.
Again, given that latency is the Achilles’ heel of decentralized systems, that’s not bad at all. It shows that such a network delivers acceptable performance for the vast majority of use cases, only excluding the most latency-sensitive ones, such as online gaming or arbitrage trading. For most other use cases, it doesn’t matter whether it takes 25 or 75 milliseconds to deliver a data point.

Latency is predictable

It’s useful for a messaging system to have consistent and predictable latency. Imagine for example a smart traffic system, where cars can alert each other about dangers on the road. It would be pretty bad if, even minutes after publishing it, some cars still haven’t received the warning. However, such delays easily occur in peer-to-peer networks. Everyone in the crypto space has seen first-hand how plenty of Bitcoin or Ethereum nodes lag even minutes behind the latest chain state.
So we wanted to see whether it would be possible to estimate the latencies in the peer-to-peer network if the topology and the latencies between connected pairs of nodes are known. We applied Dijkstra’s algorithm to compute estimates for average latencies from the input topology data, and compared the estimates to the actual measured average latencies:
Mean message propagation delay in Amazon experiments
We can see that, at least in these experiments, the estimates seemed to provide a lower bound for the actual values, and the average estimation error was 3.5%. The measured value is higher than the estimated one because the estimation only considers network delays, while in reality there is also a little bit of a processing delay at each node.

Conclusion

The research has shown that the Streamr Network can be expected to deliver messages in roughly 150–350 milliseconds worldwide, even at a large scale with thousands of nodes subscribing to a stream. This is on par with centralized message brokers today, showing that the decentralized and peer-to-peer approach is a viable alternative for all but the most latency-sensitive applications.
It’s thrilling to think that by accepting a latency only 2–3 times longer than the latency of an unscalable and insecure direct connecion, applications can interconnect over an open fabric with global scalability, no single point of failure, no vendor lock-in, and no need to trust anyone — all that becomes available out of the box.
In the real-time data space, there are plenty of other aspects to explore, which we didn’t cover in this paper. For example, we did not measure throughput characteristics of network topologies. Different streams are independent, so clearly there’s scalability in the number of streams, and heavy streams can be partitioned, allowing each stream to scale too. Throughput is mainly limited, therefore, by the hardware and network connection used by the network nodes involved in a topology. Measuring the maximum throughput would basically be measuring the hardware as well as the performance of our implemented code. While interesting, this is not a high priority research target at this point in time. And thanks to the redundancy in the network, individual slow nodes do not slow down the whole topology; the data will arrive via faster nodes instead.
Also out of scope for this paper is analysing the costs of running such a network, including the OPEX for publishers and node operators. This is a topic of ongoing research, which we’re currently doing as part of designing the token incentive mechanisms of the Streamr Network, due to be implemented in a later milestone.
I hope that this blog has provided some insight into the fascinating results the team uncovered during this research. For a more in-depth look at the context of this work, and more detail about the research, we invite you to read the full paper.
If you have an interest in network performance and scalability from a developer or enterprise perspective, we will be hosting a talk about this research in the coming weeks, so keep an eye out for more details on the Streamr social media channels. In the meantime, feedback and comments are welcome. Please add a comment to this Reddit thread or email [[email protected]](mailto:[email protected]).
Originally published by. Henri at blog.streamr.network on August 24, 2020.
submitted by thamilton5 to streamr [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your coins with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 52,926 shuffles, making 250,329 BCH more private =)
Shuffle veterans, spin up your wallets! CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day.
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in!
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your Bitcoin Cash with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 56,322 shuffles, making 265,224 BCH more private =)
Shuffle veterans, spin up your Electron Cash wallets! If your whole wallet is already shuffled, go to the Coins tab (which you can make visible in the "View" menu), select the coins you'd like to shuffle today, right click, and then click "re-shuffle". (In addition to helping out with "liquidity" for Shuffle Saturday, this gives you an even larger "anonymity set". If you're new, though, you don't have to worry about this "re-shuffle" step for now!)
CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day ;-)
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in! Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper, especially if you are going to hold significant amounts of coin in the wallet), then activate CashShuffle by clicking the deck of cards icon in the lower right (which kind of looks like a shoe =P).
Once it's activated, it will start shuffling your coins. Shuffles happen as their own, separate transactions, and only cost you the transactions fees (less than a penny). Electron Cash will, by default, prevent you from spending coins that haven't been shuffled yet, so it may take a little while to have enough shuffled for regular use. (It actually tends to happen pretty quickly; there are just some randomly slower times so you can't always count on it. What you CAN always count on... is Shuffle Saturday.)
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your Bitcoin Cash with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 55,009 shuffles, making 256,319 BCH more private =)
Shuffle veterans, spin up your Electron Cash wallets! If your whole wallet is already shuffled, go to the Coins tab (which you can make visible in the "View" menu), select the coins you'd like to shuffle today, right click, and then click "re-shuffle". (In addition to helping out with "liquidity" for Shuffle Saturday, this gives you an even larger "anonymity set".)
CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day ;-)
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in! Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper, especially if you are going to hold significant amounts of coin in the wallet), then activate CashShuffle by clicking the deck of cards icon in the lower right (which kind of looks like a shoe =P).
Once it's activated, it will start shuffling your coins. Shuffles happen as their own, separate transactions, and only cost you the transactions fees (less than a penny). Electron Cash will, by default, prevent you from spending coins that haven't been shuffled yet, so it may take a little while to have enough shuffled for regular use. (It actually tends to happen pretty quickly; there are just some randomly slower times so you can't always count on it. What you CAN always count on... is Shuffle Saturday.)
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday! 🔥🔥🔥

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your Bitcoin Cash with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 54,507 shuffles, making 254,378 BCH more private =)
Shuffle veterans, spin up your Electron Cash wallets! If your whole wallet is shuffled, go to the Coins tab (which you can make visible in the "View" menu), select the coins you'd like to shuffle today, right click, and then flick "re-shuffle". (This gives you an even larger "anonymity set".)
CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day ;-)
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in! Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper, especially if you are going to hold significant amounts of coin in the wallet), then activate CashShuffle by clicking the deck of cards icon in the lower right (which kind of looks like a shoe =P).
Once it's activated, it will start shuffling your coins. Shuffles happen as their own, separate transactions, and only cost you the transactions fees (less than a penny). Electron Cash will, by default, prevent you from spending coins that haven't been shuffled yet, so it may take a little while to have enough shuffled for regular use. (It actually tends to happen pretty quickly; there are just some randomly slower times so you can't always count on it. What you CAN always count on... is Shuffle Saturday.)
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your coins with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 52,335 shuffles, making 248,348 BCH more private =)
Shuffle veterans, spin up your wallets! CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day.
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in!
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your Bitcoin Cash with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 55,820 shuffles, making 260,138 BCH more private =)
Shuffle veterans, spin up your Electron Cash wallets! If your whole wallet is already shuffled, go to the Coins tab (which you can make visible in the "View" menu), select the coins you'd like to shuffle today, right click, and then click "re-shuffle". (In addition to helping out with "liquidity" for Shuffle Saturday, this gives you an even larger "anonymity set".)
CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day ;-)
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in! Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper, especially if you are going to hold significant amounts of coin in the wallet), then activate CashShuffle by clicking the deck of cards icon in the lower right (which kind of looks like a shoe =P).
Once it's activated, it will start shuffling your coins. Shuffles happen as their own, separate transactions, and only cost you the transactions fees (less than a penny). Electron Cash will, by default, prevent you from spending coins that haven't been shuffled yet, so it may take a little while to have enough shuffled for regular use. (It actually tends to happen pretty quickly; there are just some randomly slower times so you can't always count on it. What you CAN always count on... is Shuffle Saturday.)
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your coins with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 51,877 shuffles, making 246,790 BCH more private =)
Shuffle veterans, spin up your wallets! CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.14 for the day.
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in!
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your coins with other CashShuffle users, making it harder to spy on you with blockchain analysis. There have already been 53,388 shuffles, making 251,372 BCH more private =)
Shuffle veterans, spin up your wallets! CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.15 for the day.
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in!
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your coins with other CashShuffle users, making it harder to spy on what you do with your money. There have already been 51,130 shuffles, making 243,461 BCH more private =)
Shuffle veterans, spin up your wallets! CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.14 for the day.
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in!
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

Crypto-Powered: Build on Legacy Finance, Prepare To Die

Crypto-Powered: Build on Legacy Finance, Prepare To Die
The success of today’s high-flying fintech unicorns will be short-lived as long as they’re building on legacy financial infrastructure.
https://reddit.com/link/hmw3sm/video/7sbwo5nh7g951/player
This is the first post of our Crypto-Powered series where we look at what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
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Today we start a new series called Crypto-Powered. This will be similar to our last series, Spreading Crypto, but now we’re exploring a new theme. At Genesis Block, we’re building a digital bank that’s powered by crypto, blockchain technology, and decentralized protocols. Yes, lots of buzzwords.
What does any of it mean? How does it give us an unfair advantage? What superpowers are unlocked? What are the benefits for users?
In this series, we’ll answer all of these questions. Grab some popcorn. Sit down. Put your feet up. Make yourself comfortable. Let us take you on a journey. Let us be your tour guide down the crypto rabbit hole…
But hold on! Pump those brakes. Before we dive into the crypto rabbit hole, we need to establish some context. We can’t talk about the future of money unless we first understand the problems of money today. We need to understand what’s broken with legacy finance. So let’s do a quick primer on the current state of finance. That will set the stage for the rest of the series. Alright, let’s go.

Fintech & Unbundling

Over the last decade, legacy financial institutions (banks in particular) haven’t been meeting the needs of younger, more digital generations. As a result, fintech startups have emerged and effectively unbundled the consumer banking stack. Whether it was Robinhood for investing, TransferWise for cross-border payments, SoFi for student loans, Wealthfront for wealth management, or Digit for saving… these innovative upstarts all focused on a single use-case and nailed it.
https://preview.redd.it/iwrpg6ek7g951.png?width=800&format=png&auto=webp&s=7648d28955ea4e12795826dc78cdf70d41ffaef1
While great for a period, this led to a lot of fragmentation. Users needed to split their finances across many different services and keep track of what money was where. The cognitive load for many users became overwhelming.

Re-bundling of Finance

As we’ve seen in other industries (eg. media/entertainment), the pendulum swings back to bundled services (Cable TV → Individual Digital Channel Subscriptions → YoutubeTV/Hulu/Disney+), but in a better, more valuable, digital experience for end-users.
https://preview.redd.it/lbmz9gdm7g951.png?width=1200&format=png&auto=webp&s=877da74b64118566a8f630aed706ae1ba6b1ed0f
In the last few years, we’ve started to see a re-bundling of consumer finance. But instead of users going back to traditional banks, the rising generation is choosing to bank directly with these innovative, digital fintech companies.
Each of the startups mentioned above is now offering a more bundled experience with checkings accounts, debit cards, and other financial services. In Europe, we’ve seen the enormous rise of neo/challenger banks like Revolut, Monzo, N26 — all-in-one solutions for modern, consumer finance. That trend is starting to grow in North America with apps like Chime (the original was Simple)
We believe this bundled approach is here to stay — especially for the younger, more mobile, digital generation. They prefer convenient, easy-to-use, all-in-one solutions that require little effort & minimum commitment.
https://preview.redd.it/ko085lp18g951.png?width=800&format=png&auto=webp&s=8ae7e6b87a2a41257fd4816faf60a0bb702c5896

Building on Legacy Finance

While many of these high-flying fintech unicorns have seen incredible success, I believe it will be short-lived as long as they’re building on legacy financial infrastructure. It’s a realization I’ve come to only recently.
In years past, whenever I met a fintech entrepreneur, they’d always suggest that they’d never do a startup in traditional finance again. Too complex. Too expensive. Too slow. I always shrugged it off. Wimps. How hard can it be?
I really didn’t believe or understand that pain until we started Genesis Block. And it wasn’t until we began integrating with some of our partners (Evolve Bank & Trust, I2C, Visa, etc) that I really started to understand.
https://reddit.com/link/hmw3sm/video/vei2flrq7g951/player
The rumors are true. Those fintech entrepreneurs were all right. The pain is real.
Trying to innovate in legacy finance is like running on a hamster wheel blindfolded while powerful, evil rats randomly throw explosives inside.
It feels like you are never making any progress and at any moment you can be destroyed. Luckily at Genesis Block, we’re only integrating with legacy finance at the edges — the onramps and offramps (money in, money out). We’ve worked with great partners and so far have been able to navigate the treacherous terrain.

Legacy Finance is Broken

You must be wondering why and how is it so bad. It’s all the things you’d expect…
The antiquated tech stack of financial institutions. The frustrating process of working with big, bureaucratic, slow-moving organizations. The prehistoric payment systems that haven’t improved in decades (for example, ACH payments and their strange batch processing practices). The countless unnecessary middle-men on every card swipe (merchant, acquiring bank, processor, card network, issuing bank). The slow settlement times. Systems rife with fraud. An industry oozing with predatory practices and unethical behavior. The moth-eaten laws & regulations that are NOT innovator-friendly (mostly due to powerful Wall Street incumbents who control politicians).
https://reddit.com/link/hmw3sm/video/2hdxxch38g951/player
The list goes on and on. Maybe someday we can dedicate an entire series to it. It’ll be a good bedtime story.
The more familiar I become with how legacy finance works, the more convinced I am that the future of money cannot be built on that foundation.
The fintech darlings of Silicon Valley are all building on extremely shaky ground that is ripe for massive disruption.
They will spend so much time looking backward (integration, compatibility, regulation) that they will have very little time to look forward (innovation, progress, disruption). They will be tangled in the quagmire of archaic tech and the tentacles of outdated regulation.
I don’t believe the ultimate winners in consumer finance will come from the current cohort of fintech unicorns. And that’s because these companies are all building on the pipes of legacy finance.

The Future of Money

The future of money will be built on a foundation that is digital, open-source, permissionless, and decentralized. The future of money will have no borders or middle-men. The future of money will have no institutions or governments controlling or censoring it.
The future of money will be built on blockchain technology. The future of money will be built on “crypto rails.” The future of money is crypto. It’s the missing piece of the internet age — and quite frankly, long overdue.
This is an entirely new paradigm. New infrastructure. New pipes.
https://reddit.com/link/hmw3sm/video/26tjp8vn8g951/player
While blockchain technology provides a strong base, this tech alone won’t be sufficient. As discussed in our last series (Spreading Crypto), these powerful protocols need killer applications to reach broader adoption. The apps need to be simple, convenient, and require no blockchain education. They need to fit nicely within existing workflows and behaviors. A digital bank like Genesis Block is a perfect app to propel crypto to the masses.
At Genesis Block, that’s the foundation we’re building on — a powerful combination of the underlying technology and our unique approach in how it’s delivered.
The future of consumer finance belongs to those who build with blockchain technology & decentralized protocols at its core, and know how to best take it to the billions of people around the world.
That’s our thesis at Genesis Block. Our last series went deep on how the tech reaches and touches end-users. This new series is all about what’s under the hood — crypto & blockchain — and how that gives us an unfair advantage in the world of consumer finance.

Clone Wars

While some fintech products are giving users the ability to buy & hold crypto (Robinhood, Revolut, Cash App), they aren’t leveraging the technology beyond that. And they most certainly aren’t building their infrastructure around it.
So let’s ask the dumb VC question that some of you are thinking: what if these fintech companies or big banks just copy what we’re doing at Genesis Block? What if they add blockchain and crypto?
https://reddit.com/link/hmw3sm/video/c0je9dvx8g951/player
Sorry, you can’t just “add crypto” as if a pizza topping in a Doordash order. That’s not how it works. I mean, you can say you are doing that, but it’s not real. That’s just Innovation Theater.
The systems behind banks and fintech are deeply integrated with legacy financial rails. Trying to retroactively add blockchain in any meaningful way would be like trying to make a 2020 Lambo with a 1910 Ford Model T engine. No matter how talented their engineers are, it just ain’t gonna happen. Not unless they burn it all down and start over. Massive risks. A classic case of Innovator’s Dilemma. Will anyone have the courage? I don’t know. I think they are much more likely to acquire someone like Genesis Block than gamble their entire business on it. But we aren’t cheap.
These new, decentralized protocols are complex, fast-moving, and full of snags. Our team has been in this space for many years — we understand the security tradeoffs, the protocol nuances (we spent a lot of time actually building them), and enough self-awareness to know what we don’t know.
Our team at Genesis Block can run circles around traditional banks and fintech companies. Certainly, they have large audiences and strong balance sheets — which can’t be underestimated. But when it comes to unlocking the enormous, new value to users, as long as the incumbents are building on legacy financial infrastructure, they simply cannot compete with us.

Crypto-Powered

The empires created in the 21st-century world of finance will be crypto-native companies that deeply understand decentralized tech and know how best to leverage it. It will be the teams who build on “crypto rails” first, with bridges back to legacy finance second.
That’s our thesis at Genesis Block. In this series, we intend to lay out a convincing argument for why that’s true.
So now that the stage is set and we’ve introduced the series, I think you’re ready to start learning why blockchain technology is our superpower, our unfair advantage.
You are ready to dive into that crypto rabbit hole.
But first, a word of caution. Once you go in, you may never want to come out. It’s what happened to me and so many others.
Once you see the potential & promise of this incredible technology, you won’t be able to ignore it. You won’t stop thinking about it. It’ll capture your imagination like few other things can.
Don’t be afraid of it. Let it take you.
---
Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Spreading Crypto: How Protocols Reach Mainstream Adoption

Spreading Crypto: How Protocols Reach Mainstream Adoption
This is the first post of our Spreading Crypto series where we take a deep dive into what it’ll take to help this technology reach broader adoption. We look at some of the obstacles holding it back and what strategies we think will be successful.
Mick Hagen (FoundeCEO) talking about protocols and how they become adopted
Like many others working in crypto, I really want to see this tech reach a larger audience. I’ve been drinking crypto kool-aid for awhile now. I bought my first Bitcoin in 2013 and have been working full-time with decentralized protocols since 2014. I’ve been through the peaks of the bull market down to the depths of the bear market. Multiple times. I would not be all-in on this technology if I wasn’t a true believer.
I obviously hope that Genesis Block will play an important role. But this goes beyond self-interest. I think for most of us in the industry, increasing crypto adoption is not about money.
It’s not about dumping our bags on retail. But rather it’s about the positive impact we believe this technology can have on the lives and societies all around us.
So, how do we bring this to the masses? How do we rid ourselves of the reputational damage that came with Mt Gox and dark markets like Silk Road? How do we make this technology easier for the normals to use? Today we start answering those questions.
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Protocols 101

Most of the products and services that we all enjoy today use protocols that are under the hood, operating in the background. For example, when you send someone an email you’re using a protocol called SMTP. When you browse the web, you’re using the HTTP protocol.
Protocols allow for applications, computers, and devices to interact with each other. They are similar to a spoken language, where they have their own set of rules and vocabulary. If two people share the same language, they can communicate with each other.
Protocols are usually hard for the common person to understand because they’re very technical and provide no user interface. There are a few rare cases where the protocols themselves have made it into the cultural lingo, like Bluetooth, WiFi, and SMS. But for the most part, protocols are invisible and hidden from end-users.
Other protocols that have reached broad adoption

Protocol Adoption

The world did not embrace the web when the TCP/IP or HTTP protocols were first invented. Nor did they start using email when the POP, SMTP, or IMAP protocols were invented. The masses started browsing the web when AOL and Netscape were launched. They started using email when Hotmail and Gmail went live.
Protocols become adopted when an application makes them more accessible and easier to use.
Protocols become adopted when a strong team abstracts away the complexity, and delivers a compelling product experience that solves a real user pain. This is a pattern that has repeated throughout the history of technology.
Other examples include XMPP (chat), VoIP (internet audio calls), WebRTC (video conferencing), and NFC (close-contact device communication). Those protocols weren’t widely adopted until the launch of applications like AIM, WhatsApp, Skype, Google Hangouts, and Apple Pay.
Protocols become adopted when the killer application arrives.
Screenshots of Netscape and Hotmail

Crypto Protocols

If history is any indication, crypto and blockchain will be no different. Bitcoin is a protocol. Ethereum is a protocol. Decentralized Finance (DeFi) is filled with low-level protocols. What many out there don’t realize — and those within our industry don’t like to acknowledge — is that Crypto today is mostly all protocols.
Decentralized protocols won’t be replacing Robinhood, SoFi, or Venmo anytime soon. They never will. They aren’t meant to!
Crypto protocols are the building blocks, the lego pieces, the primitives that developers can use to build applications on top of.
As with the numerous protocols that came before, these innovative protocols need world-class applications. They need product experiences that can propel this exciting tech to the masses. Crypto needs great product teams that abstract away all the blockchain complexity, and deliver it in a way that is simple, convenient, and powerful.
Decentralized protocols are like lego pieces

Crypto Industry

Protocols usually operate in the background. So it should be no surprise that interacting directly with crypto and decentralized protocols is raw, rough, confusing, and complicated for most “normal” people out there.
Most of the crypto industry today is still focused on protocol development. That’s totally fine — we’re still at the early stages of this entire industry.
But because of that protocol focus, it should be no surprise to any of us that we still haven’t seen mainstream adoption.
But as an industry, we cannot forget or lose sight of what it takes to reach the masses. As Mark Twain said, “history doesn’t repeat itself, but it often rhymes.”
If we want these exciting protocols to be adopted by billions of people around the world, we’re gonna need killer applications. Just like every protocol before.
In our next post, we’ll explore the current state of application development within crypto. Are we getting closer to that killer app? What will it look like? How do we achieve it? Stay tuned, that’s all coming next.
---
Other links related to this episode:
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/
submitted by mickhagen to genesisblockhq [link] [comments]

It's Shuffle Saturday!

CashShuffle is a privacy tool that automatically mixes (or "shuffles") your coins with other CashShuffle users, making it harder to spy on you. There have already been over 50K shuffles, making over 243,000 BCH more private =)
Shuffle veterans, spin up your wallets! CashFusion early adopters, consider closing 4.1.0 and opening up 4.0.14 for the day.
New to privacy on Bitcoin Cash? No problem, getting set up is EASY.
Just download the Electron Cash desktop wallet. It's got CashShuffle built in!
Learn more at https://cashshuffle.com/
Or learn about how CashShuffle works "under the hood" with this explainer video:
https://www.youtube.com/watch?v=8g0Levpj1I4
Happy shuffling!
submitted by AD1AD to btc [link] [comments]

Lightning Network improvement proposal: A way to send btc without asking the recipient for an invoice

This is just a concept; an idea I got while taking a shower. Unfortunately, I don't have the technical/coding skills to implement this. What led to my idea was whatsat - an app which enables users to chat using the LN itself.

Motivation

It`s easy to send btc on-chain to someone. You just need their address and nothing more. You can send to it as many times as you want. This hurts privacy, but makes everything really easy for the sender. A charity can simply put their Bitcoin address on their website for example and anyone could donate to them. It`s not the same for Lightning. Since a different invoice is required for every single payment, a youtuber would not be able to accept donations over the LN easily, just on-chain. The goal of this proposal is to make it possible to do both.

The Concept

Since any message can be routed and sent through the LN we could also make a request and ask our recipient`s node to generate an invoice for an amount chosen by us and then send it to us, just like those text messages. Then we can decode this invoice and if everyone is OK (the amount is correct) we can attempt to pay it. All of this can happen under the hood. The UI/UX doesn't even need to change much. Instead of pasting an invoice in the "send" field of a wallet, we just paste a node's public key.

DoS Protection

Allowing anyone to make our node generate invoices is a bad idea. They could send a million requests and crash it. To prevent denial-of-service attacks, we should implement the following measures:
  1. Auto-Generated invoices should be with short expiration times. 10 minutes for example.
  2. A maximum of X invoices can be generated for a given node at a time. Let`s say X = 10. Once a node has requested 10 invoices it can request another one only when a) at least one of the previous 10 invoices has been paid or b) at least one of the previous invoices has expired.
  3. Nodes which have requested Y invoices, but haven't paid any of them could be banned from requesting new invoices for a day. If this behaviour continues the node could be permanently banned and any channels opened with it could be closed. Maybe an option to manually override this ban would be nice to have. A good value for Y might be 30.
  4. Nodes which have no channels open should not be allowed to request invoices. This prevents an attacker from spinning up 1000 nodes and requesting 10000 invoices from us.

Summary and Final Thoughts

The idea is to be able to send bitcoins over the Lightning Network to a static node`s public key, instead of having to ask for an invoice each time. The LN itself could be used to route requests for new invoices and the answers to those requests between the sender's and the recipient's nodes. The recipient`s node still needs to be online though. Maybe if we combine this with something like Lightning Rod we could achieve the same experience as with on-chain Bitcoin payments.
It`s also worth mentioning that one would not be able to do this for every node. Older nodes which have not upgraded to newer software which supports this new protocol addition simply won't know what to do when they get such a request and they won't reply with an invoice. If we want consistency we need everyone to upgrade. Or the vast majority at least.
I imagine it would not be that hard to implement something like this. The most difficult part would probably be the DoS-Protection logic. The creator of "Whatsat" already has the base for my idea implemented and it works.
This whole idea makes me think if it`s also possible to do the same on the base Bitcoin protocol and ask nodes for new addresses for each transaction. That would eliminate address reuse almost entirely and greatly increase the overall privacy. Onion routing should be used there too though and that`s another topic to discuss.
So what do you think? What are your concerns, recommendations, improvements, etc? Share your opinion. Let's make Bitcoin better!
submitted by Kalin101 to Bitcoin [link] [comments]

Hide and Seek

I know you are reading this. You know who you are. This game has went on for long enough. It has been almost a year. Please, let it end. I am begging you. I just want my life back.
For everyone else, I will start at the beginning.
I am sure all of you have seen those youtube or twitch streamers who like to scam the scammers by wasting their time, right? I thought it was funny so I decided I would do the same thing, except without broadcasting it to the world. It was a lot of fun to see how long I could keep these assholes tied up on the phone with me instead of your trusting grandma.
Then I heard about the “Dark Web” and how there are also people on there who like to scam people. I admit, I had never been on the dark web before, but I had heard the stories. It was the wild west where you could buy drugs and have them delivered to your door and the police couldn’t track you. You could hire a hitman to kill anybody you wanted as long as you had bitcoins to pay them with. Sadly, I also heard about the child porn rings and knew I did not want to accidentally land on one of those pages. The anonymous nature of the dark web can both a blessing and a curse.
I logged on to the dark web and was able to find a page advertising hacking services. Not real hacking, but more stuff like hacking into your significant others facebook account or email to see if they are cheating on you. Stuff a simple keylogger would accomplish but they were asking for hundreds and sometimes thousands of dollars. It was clearly a scam and was exactly what I was looking for.
Before I talk to any scammer, I spoof my number and have a virtual machine set up so if they take command of my computer, they are not actually doing anything real. It is all just a charade. I never use my real name, or real telephone number.
It started off the same way these things always start off. I act interested in a service, but I am not smart enough to know how to buy and send bitcoin. I string them along, and they eventually try to walk me through it over the phone. No matter how easy they make it, I am just too dumb to figure it out. They eventually get tired of dealing with me and hang up. All I wasted was both of our time.
This call was different. After about 5 minutes of me playing dumb, they figured it out and were pissed.
“You think you’re funny?”
“What are you talking about?”
“Trying to waste our time?”
“Yea, the more time you waste on me, the less time you have to scam other people.”
“You fucked up this time. You fucked with the wrong people.”
“Why do you do this? Scam people? Does it make you feel good?”
“We aren’t the spam callers you normally talk to in Nigeria or India, Jason. You are on the Dark Web now, and you should have known better than to fuck with people on the Dark Web.”
How the hell did they know my name was Jason? I told them my name was David. What the fuck? I better get off here now.
“You are a scammer. Get a real job and stop trying to scam people.”
I ended the call.
Less than a minute later, my phone rang from my own number. I knew I shouldn’t have answered it, but I did. I knew who it was.
“Hello?”
“Jason, we don’t like it when people hang up on us.”
“Listen, I clearly messed with the wrong person. I’m sorry. I am just trying to annoy scammers who scam innocent people. That’s all. This is just a big misunderstanding. Let’s just go our separate ways. I am sorry.”
“That is not how this is going to work Jason Keys”
“How do you know my name?”
“You found hackers on the Dark Web, are you surprised we know who you are and that your address is XXXXX ?” Yes, they knew my address.
“Okay, you were able to trace my phone and get my personal information. I get it. I fucked up.”
“Where are you right now, Jason?”
“I’m at work.” I lied.
‘No, you’re not, Jason. You are in your kitchen.”
“Okay, you somehow have used my phone’s GPS to find my location. I get it. You are real hackers. I will never waste your time or anyone else’s time again. I swear.”
“Do you like games, Jason?”
“What do you mean? I have an xbox.”
“Were going to play a game.”
“No, we don’t have to do that. We can just go our own way.”
“We are going to play Hide and Seek. You know how to play Hide and Seek right Jason?”
“The kids game. Yea. Everyone knows how to play that but I don’t want to play this game. I don’t even know who you are.”
“That is what makes this game so much fun for us. We know who you are. But to you, we could be anyone, anywhere, at anytime.”
“No. I am not going to play your game.”
“You don’t seem to understand. You don’t have a choice in the matter.”
“What happens when you catch me?”
“Then you will have to hide again.”
“What if I just don’t play?”
“Bad things will happen to you.” they said. “You have 12 hours to hide. Good luck.”
They hung up. .
They are just fucking with me I thought.
I clicked on the Facebook app on my phone and a message popped up saying No Account Found. I tried my twitter and gmail account and everything was gone. Somehow they had deleted my entire online presence while they were on the phone with me.
I knew I never should have went onto the Dark Web. I should have believed all the rumors I read about that place.
Maybe this person was serious about playing their game of Hide and Seek. At worst, I thought, I should find a different place to sleep for a few days just to let this pass over. I grabbed my backpack and threw in a few pairs of clothes to last three days, a pillow, and a toothbrush. That should be enough, I thought.
I called out of work and told them I had a family emergency and would be gone for a few days. I wasn’t sure where I was going to go yet, but a full tank of gas was a start. I slid my card into the gas pump and it came back denied. That is weird, I had just gotten paid 2 days before and had plenty of money in my account. I pulled out a credit card and tried again. It was also denied.
I went to the bank to get this problem sorted out. I told the teller my card was declined but I had money in my account earlier. She took my details to pull up my account, but their system showed no account ever existed under my name. I told her that was impossible! I showed her I have a debit card with my name on it. She called a manager over and they took the card away and told me I could be charged with fraud for having a fake debit card. I tried to explain but they were certain they have never had an account under my name or social security number. Even if I had an account in the past, their system would have been able to find it under my social.
I left the bank dumbfounded. My card had worked the day before and I have had an account at that bank since I turned 18 over five years ago. There is no way even hackers could delete my accounts that fast, if it is even possible at all. It had been less than an hour.
I sat on the hood of my car and called the credit card companies, but they had no records of me on file either. The one positive thing about this entire experience is they wiped off a few grand in my credit card debt, so I guess thank you for that much.
I went back to my car and the reality of the situation came crashing down on me. They knew who I was, where I lived, and now I had no access to any money. I sat down in the car to think over my options of what to do next when I saw an envelope on the passenger seat. I opened it up and it contained $100 cash (5 twenty dollar bills) and a note.
Time is ticking. You have $100 dollars and 11 hours left. You better go hide, because soon I will start to seek.
They found me already? How were they already in my town and knew where I was and what kind of car I drove? What am I going to do now? They are already watching me and what kind of car I drive, I am not even going to be able to use my own car.
After some thinking, I drove to the bus stop and bought a ticket for a bus heading North. It would be making 6 stops between here and Chicago so I can get out of town and decide where to get off later. They can’t know where I am going to be if I don’t even know where I’ll be. The ticket was $50 dollars so that only leaves me $50. I decided I would just have to deal with it later.
The bus ride itself is a nightmare on its own, but that is a story for another time. I got on the bus and finally decided enough was enough in Indianapolis. I left a warm Atlanta for Indiana with nothing but a few changes of clothes in my backpack. Could life be much worse?
I got something to eat at a McDonalds close to the bus stop and saved what little money I had left. There wasn’t enough money to spare for a motel, no matter how shady it was. I needed to save every penny I had right now. I slept outside and froze my ass off.
I didn’t know a soul there. I just decided it would be best if I kept a low profile and tried to stay out of sight. I didn’t have any sort of electronics for them to track and I don’t have any credit cards to trace. They shouldn’t have any idea where I got off the bus at. I could be in any city between Atlanta and Chicago if they had seen what bus I got off on.
That night, I found a starbucks and decided to grab myself a coffee. I put in my order and went to the restroom to clean myself up a little. I got back just as they were calling my name telling me my drink was ready. I grabbed my coffee and the employee said someone had given him a note to give me with my coffee. My heart sank as I sat down and opened the envelope. They had found me in less than 24 hours after I traveled over 500 miles away without telling a soul.
Inside was another $100 dollars and a note.
Not a bad start, most aren’t smart enough to ditch their car and town so fast. You have $100 dollars and 24 hours to find a new hiding spot. Try a little harder next time. I like a challenge.
I sat in the starbucks exhausted and defeated. If they found me that easily then was there any way to escape them? I decided to do what I should have done when all of this started. I went to the police.
The police listened to my story and then took my ID. They asked some questions and clearly did not believe I was telling the truth. They asked if I had taken any drugs and then ran my ID. When he came back he asked me if it was a fake ID because it was not pulling any information on me. I asked him to try one more time.
Before he tried again, he asked if I might be having some mental problems or off my medicine because I sounded like I might be having an episode. I’m pretty sure he wanted to take me to the hospital for a psychiatric hold.
When he went to run my ID again, I quietly slipped out the door and escaped. I knew what they had done. I no longer exist. At least in the eyes of the law and the public. My identity was deleted. My bank accounts were gone. My credit cards were gone. My social media was gone. Everything that proved who I was is gone. Outside of those who know me, I do not exist. And if I don’t exist, they can kill me with ease.
I walked to a truck stop near the interstate and was able to hitch a ride to Chicago for $20 dollars. A random trucker seemed a lot safer than a Greyhound bus full of drug addicts and creeps like I had taken to get this far. At least I got 2 hours of sleep in a warm cab.
In Chicago, I bought a burner phone and decided it was time to call home. It was prepaid, cheap, and new. The only number I knew was my own and my mom’s so I had to call her. I called her up and she was worried and asked where I was. I told her Chicago and started to explain what had led me here, but the call dropped. I looked at my phone and it said it had no service. A few moments later I got a text message.
YOU CAN USE A PHONE. YOU CAN’T ASK FOR HELP. THE RULES ARE SIMPLE YOU HIDE. WE SEEK.
I threw the phone against the wall and it shattered into pieces. It was a brand new phone. Nobody should have been able to know or hack it so fast. I am alone. Nobody can help me. I don’t know what to do anymore. The only option I had was to play their stupid game.
Since January 16th, my life has been constantly moving from town to town, sleeping in homeless shelters or park benches. Every night I go to sleep wondering if I will wake up to a note next to my head telling me to hide again. Every day I worry a random person will hand me an envelope.
I know some of you guys must be asking yourself why I even play the game? Why don’t I just stop running? They are just playing with me. They would not actually hurt me.
I have tried that before. In Colorado, I was tired, cold, and wet when they found me. I decided enough was enough. They left me the note mocking my attempts to run away and gave me another $50 dollars. I said screw it, let them kill me. I got me a nice hotel at the Hilton and spent all the money I had on a nice steak dinner. If they decided to kill me, at least I would have a nice last meal and a warm bed on my last night.
I thought I would have been up all night worried, but I was too worn out to care. I slept like a baby. I was shocked to open my eyes the next morning and not find someone with a gun pointed at my head. I smiled and thought to myself it had all been a game. A stupid fucking game that I believed was real. I spent months on the road, homeless, cold, and hungry for nothing.
Then I looked over and saw a note on the bed with a sharp knife lying across it. Someone had been here while I was sleeping. They had broken into my room and were in the same room with me. They could have killed me and I never would have known. I almost wish they had, but they let me live. Those assholes had let me live.
We aren’t ready for the game to end yet. Keep running and hiding Jason. The next time, we will not be so nice. Now back to Hide and Seek! See you soon.
There was no money with the note. My backpack was gone. I was completely broke after spending all my money on food and a hotel. I wish they would have killed me.
I don’t know why I didn’t just stay where I was and let them kill me, but letting someone kill you and doing nothing to stop it isn’t easy.
This game of cat and mouse continued. And that is what it was. A game of cat and mouse. I realized there was no hiding from them. They always knew where I was and there was no escape. They just liked playing the game.
I don’t know what the fun of this game is for them except to watch someone suffer. I don’t know how they seem to be everywhere and know everything. It doesn’t matter how fast or far I run, they will always be the steps ahead of me.
Every person I see or talk to could be them. I constantly try to look at the faces around me to see if any of them look familiar but everyone is a stranger. They are ghost. Always close by. Always watching. Always invisible.
They find me almost as soon as I stayed in the same place for more than a night or two. Sometimes they would be nice and let me settle somewhere for a week or two, but never long enough to be comfortable. I think they just like to keep me guessing and to give me hope that they decided to stop this game.
They also always gave me exactly what I need to survive. Most of the time it was just enough money to keep me fed but still hungry with a little left over. If it was deathly cold outside I may have a little extra to afford a place inside or even a warm jacket to keep me cold but alive. If I was sick, a bag of medicine would show up. They give me just enough to live a miserable life.
I know you are reading this. And I quit. I quit your game. I’m tired of playing. You’ve taken everything from me. If you want to kill me then kill me. I would rather be dead than to keep playing your game. You know where I am. You always do. Give me my life back or kill me. I quit.
Update:
Jason was right. Our game of Hide and Seek really is a cat and mouse game. We are the cat and Jason was the mouse. Here is the thing about a cat and a mouse, a cat likes to play with the mouse, to scare a mouse, to corner a mouse, to slap the mouse with its claws. When the mouse quits playing the cats game, the mouse dies.
It looks like we have to find a new mouse since our last one decided to stop playing our game. Luckily nosleep has plenty of mice to choose from and the accounts have a comment history so we can find the perfect mouse for our next game of Hide and Seek. If you see your own number pop up on your caller ID, don’t answer. It just might be us.
LCS
submitted by LandoCommandoe to nosleep [link] [comments]

ICON is about to take off. Here's why ...

This post is primarily about a solid uptick in community involvement, decentralized marketing, and the token side of things.
For the last year and a half we live had a pretty uninvolved community, while the company continued to work under the hood to build something huge.
A lot is happening right now. I feel like nobody knows about it, so a Reddit post was warranted. It just started. Most of it. So your patience will be appreciated. But I’ve never seen so much proactivity in this project on the token-side of things before.
My point in writing this: A LOT is coming in the next 8 to 12 weeks. All of this is centered around recovering and catapulting the price as high as it can possibly go. ICON is seeking out the all-stars in this industry with incredibly resumes, and asking the experts for direction and input.
All of the marketing and promotion has just barely begun. Everything is at ground zero. But its finally happening. All the things we've been hoping for, for a year and a half.
submitted by BitttBurger to helloicon [link] [comments]

Sixty Seconds of Spotlight

I'd written this months ago but never posted it anywhere, yet it actually makes more sense amidst the present lockdown than it did when I wrote it. Not very polished, and probably too long:
Picture a phenomenon something like the ice bucket challenge in reach and virality crossed with a publishers clearinghouse sweepstakes and chat roulette, inspired by Warhol's concept of "15 minutes of fame". Anyone of majority age in their jurisdiction is eligible to enter a worldwide and ongoing contest, and the winners are broadcast in allotted 1 minute blocks of live air time, streamed p2p to anyone who cares to watch.
The following is a more technical description; skip unless you want more detail. A Tl;dr is below
The drawings would take place in public through Ethereum or similar contracts (think of BitCoin but with *contracts (a form of code) attached to the currency). Anyone is eligible to enter via a simple web app where a user enters some brief information and generates a public-private key pair. The app signs the entry with the private key and publisher returns a token (a short string of characters, easy enough to write down).*
At a time specified in the contract, one winner is selected for each time slot, you can use your token to claim your 1 minute of time. If you claim it, your name and area (metro area, region, etc.) will be displayed during the stream, and you receive a private key which corresponds to a public key . Specifically, if you accept, you cannot remain anonymous, but you don't necessarily need to show your face on the video — you can use your time any way you see fit.
The actual broadcasts (a sequential group of 1 minute stream events from preselected peers) would take place on peer to peer networks. Peers subscribing to a particular broadcast as defined by a particular Ethereum contract and a random drawing. The winners would be identified by their public key, and peers accept and forward chunks of the video stream signed by the private key. (Load could ideally be balanced by chosen peers broadcasting their public key to the swarm before their time slot to determine routes to more efficient broadcast paths, i.e. upload to the fastest peers with high upload capacity, etc.)
This can function almost entirely without central organization, with well-defined game rules and procedures firmly established in the public crypto-contract of the code itself. Any peer which follows the code correctly will co-create the streaming event, a swarm of peers sharing to each other so everyone can hear. Because of this decentralized nature, it would scale well; more peers downloading is also more peers uploading.
It does require either a large enough critical mass to support the bandwidth collectively, or a few bootstrap seeding peers on commodity hardware or cloud resources. More dense geographic location of peers would make reduce the number of peers needed; e.g. a swarm could form and scale quite easily at a university. But if tens or hundreds of thousands of people are using it, and at least a substantial proportion also seeding the broadcast, it would function quite fine with residential broadband connections supplying most of the needed upstream bandwidth.
Tl;dr for the technical part. Download app -> register an entry for the drawing (small crypto transaction, can be earned by seeding streams) -> if you win, claim your spot and announce your real name and area -> at the specified time, have the app open and you will be broadcast across the entire peer network for 1 minute to and by anyone following that broadcast.
Under the hood, it would essentially work like BitTorrent, but the p2p network optimizes itself to enable even someone with a relatively weak connection to broadcast to the entire swarm (as big as the whole Web, if enough people used it). If you went to any Occupy events, think of this like an online version of Mike Check.
Most of the technical pieces already exist for this for someone to put together, and it would act as a full inversion of the broadcast newspaperadio/TV model. The waning YouTube era was a partial inversion. It spread out the capability to broadcast to the world to a lot more people, yet over time, what can be shared has been restricted and views shepherded back into legacy media channels.
We can't fully democratize our media using platforms run by hierarchical corporations which themselves exist as part of greater hierarchies. This example of a hypothetical alternative represents the mass communication equivalent of sortition, a form of governance where the leaders are chosen by lot for short terms.
I'd be curious to see the social ramifications if something like this became popular, likely first starting with the youth. Some services like Snapchat, formerly Vine, and others seem to work on a similar principle, but without the random drawing aspect. This could give a much broader and I'd say more accurate sample of a population because anyone can say how they truly feel after they get the platform to say it. There's zero gatekeeping, zero ability to manage perception by directing people to pre-determined narratives. It's up to the people who decide to participate and the luck of the draw as to who get's their minute in the spotlight and what they use it for.
*What do you think the people of earth would say if we drew lots to let any one of us speak to the whole world at once? Would our randomly chosen peers take the opportunity to speak their hearts and share their visions and longings and sorrows and joys, or would trolls and hate and evil fill the air? Could some reified form of collective intelligence be expressed or comprehended in this way? * What would you say if you had one minute to say anything you wanted to the whole world, with a huge portion of the world following what people said on the broadcasts? Could you change the world if the world gave you one minute?
*Apologies if I've posted something similar to this before. I know I'd at least written a draft of this several years ago, but I don't remember if I ever posted it and couldn't find it with a brief search.
submitted by CelineHagbard to C_S_T [link] [comments]

Facebook Libra Coin: Whats under the hood -Bitcoin Dominance: Eric Kryski How Bitcoin Works Under the Hood How Bitcoin Works in 5 Minutes (Technical) - YouTube Bitcoin - YouTube Lecture 1 — Intro to Crypto and Cryptocurrencies - YouTube

youtubeHow Bitcoin Works Under the Hood. How Bitcoin Works Under the Hood . 科技 演讲·公开课 2018-02-14 16:47:16--播放 · --弹幕-- -- -- -- 稿件投诉. youtube How Bitcoin Works Under the Hood. 数学; 评论. TR0Y心肝大王 发消息. 关注 771 ... How Bitcoin Works Under the Hood. June 15, 2019. 1 Min Read. admin. Add Comment. Share This! Facebook; Twitter; Google Plus ; Pinterest; LinkedIn; A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the … source. You may also like. Videos Introducing AKASHX!! Learn Forex and Crypto!!! YouTube ... How Bitcoin Works Under the Hood new 3.5 in-depth course: Introduction to Bitcoin, Blockchain and Decentralized projects (Ethereum). Italian voiceover of How Bitcoin Works (by Simone Falcini) Spanish Translation (by Diego J Martinez Garcia) Intro. The goal of this video is to explain how Bitcoin works under the hood, to give a clearer idea of what it really means to own, send or “mine ... Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the ... Skip to content. Toggle navigation 🔵HOME 👍WE’RE HIRING 🎰PLAY THIS 👍GET THIS 📙READ THIS 💬CONTACT 💵ADVERTISE; Close Search Form Open Search Form; News. How Bitcoin Works Under the Hood. July 8, 2016 0 Comments Share on Facebook Tweet (Share on Twitter) Share on ... A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ether…

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Facebook Libra Coin: Whats under the hood -Bitcoin Dominance: Eric Kryski

For the Love of Physics - Walter Lewin - May 16, 2011 - Duration: 1:01:26. Lectures by Walter Lewin. They will make you ♥ Physics. Recommended for you How Bitcoin Works Under the Hood by CuriousInventor. 22:25. How Bitcoin Works Under the Hood by CuriousInventor. 22:25. Is Bitcoin Superior To Gold? Ameer Rosic Answers The BIG Question! ... Facebook Libra Coin: What's under the hood and Bitcoin Dominance: Eric Kryski Eric Kryski CEO & Co-Founder https://twitter.com/ekryski https://www.bidali.com... איך ביטקוין עובד מתחת למנוע. This video is unavailable. Watch Queue Queue A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most excitin...

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