BlockChain Technology

Articles
Bitcoin Cash
Bitcoin Gold
Bri Reference
Cloud Storage
Dash
E-Mails
Ethereum
Links
My Notes
News
Web 3.0
Z Cash


My Notes

Recorded data, ledger technology, transaction technology, Internet of the future

Advantages:

-No losses
-No corruption
-No altering
-No tampering
-No fraud
-No political control
-Low cost
-Almost instantaneous
-Total transparency
-No middlemen charges or interference
-No need to trust bank, person, money, institution
-Private
-Anonymous
-No centraliztion
-No authority interfering
-No inflation
-Distributed
-Chronological

Potential Uses:

Proof of ownership [intellectual property]

Financiel records & functions [bitcoin]

Medical records

Private blockchain revisions, maintenance [techy job]

Smart contracts

P2P posts, no need for checks or CC; see www.goabra.com

Track good: origin, history, attributes, owner [like for art works, music, etc.]

Asset registration & exchange [e.g. real estate]; can make assets liquid




Videos

Video: Blockchain: The Foundation of the Future more stable than traditional currencies, cannot be hacked. Very robust, hard for evil to influence. The future is machine to machine economy.

Understand the Blockchain in Two Minutes System cannot be cheated; impossible for others to lie to you.



E-Mails

Email from Bri:

Here is the Ethereum block chain system I was looking into, it is trying to build something with a vast number of uses, and it is relatively early in the market development. The value of ethereum recently started rising fast, hopefully it continues to grow.


ethereum

ethereum: Homestead Release Build unstoppable applications

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.

Learn Solidity, a new language for smart contracts:

DESIGN AND ISSUE YOUR OWN CRYPTOCURRENCY

Create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all. These tokens use a standard coin API, so your contract will be automatically compatible with any wallet, other contract or exchange also using this standard.

YOU CAN BUILD:

A tradeable token with a fixed supply
A central bank that can issue money
A puzzle-based cryptocurrency

KICKSTART A PROJECT WITH A TRUSTLESS CROWDSALE

Do you already have ideas that you want to develop on Ethereum? Maybe you need help and some funds to bring them to life, but who would lend money to someone they '’t trust?

Using Ethereum, you can create a contract that will hold a contributor's money until any given date or goal is reached. Depending on the outcome, the funds will either be released to the project owners or safely returned back to the contributors. All of this is possible without requiring a centralized arbitrator, clearing house or having to trust anyone.

You can even use the token you created earlier to keep track of the distribution of rewards.

YOU CAN BUILD:

A crowdfund to pre-sell a product
A crowdsale to sell virtual shares in a blockchain organization
An auction of a limited number of items

CREATE A DEMOCRATIC AUTONOMOUS ORGANIZATION

Now that you have developed your idea and secured funds, what’s next? You have to hire managers, find a trustworthy CFO to handle the accounts, run board meetings and do a bunch of paperwork.

Or you can simply leave all that to an Ethereum contract. It will collect proposals from your backers and submit them through a completely transparent voting process.

One of the many advantages of having a robot run your organization is that it is immune to any outside influence as it’s guaranteed to execute only what it was programmed to. And because the Ethereum network is decentralized, you'll be able to provide services with a 100% uptime guarantee.

YOU CAN BUILD:

A virtual organization where members vote on issues
A transparent association based on shareholder voting
Your own country with an unchangeable constitution
A better delegative democracy

Check out the many great projects* already being built on Ethereum.

Powermatcher Blockchain, Foxfire, Distributed energy auction for balancing supply and demand

DAO IPCI, IPCI, Blockchain technology for carbon markets

JabDapp, JabDapp Team, A sports prediction platform focused on MMA, boxing, and other combat sports

FairPay, Ian Love, FairPay is a global community based project creating salary tran

TokenNinja, TokenNinja, ERC20 token management system

ProjectLIVE, MundoPM, Collaborative Problem-solving Issue

Lotto, DeviateFish, Simple, provably-fair, secure lottery

Lunyr, Lunyr, Decentralized crowdsourced encyclopedia with reward system

Gold Auction, CodeTract, Daily settled auction for easy exchange of tokens

EthereanMind, Conrad Barski, A voting Dapp to capture the sentiments/concerns of ethereans

TrekMiles, David, Fitness Motivation App + Currency + Community

Decypher TV, Decypher Media, Ethereum Screencasts for Developers

Ethplorer, Everex, Ethereum token viewer. Tokens for investors, Widgets and API

DNN, Samit and 'drey, Decentralized News Network

Pray4Prey, Julia Altenried, Stefan Höller, The one and only blockchain aquarium

StackExchange Bounty DApp, Oraclize, Bounties for StackExchange questions

Proof of Identity, Oraclize, Onchain identity verification via your Estonina Digi-ID

Youtube contract, Oraclize, Automated escrow for youtubers and their sponsors

AnonymousVoting, Patrick McCorry, Decentralised e-voting with maximum voter privacy.

EthPassport, Michael Dela Cuesta, Decentralized Traveler

Smart Identity, Deloitte, Next generation digital identity for the new digital economy

Consulteum, Vincent Muthee, Decentralized Consultancy Platform

BlockCapsule, BlockCapsule Developers, Time Capsule on Blockchain

Pass DAO, Frederic. A DAO for decentralized services

Decibel.LIVE, Decibel.LIVE, Noise monitoring and compensation settlement based on Ethereum

Flight Delay Insurance, Etherisc GmbH, Get instant payout in case your flight is late.

Crop Insurance, Etherisc GmbH, Get instant payout in case bad weather damages your crop harvest

IDEX, Decentralized Capital, Distributed Ethereum exchange made of smart contracts

Etherisc Social Insurance, Etherisc GmbH, Social insurance based on group p2p assessment

BLOCKLOG.xyz, monkeyscage, DECENTRALIZED BLOGGING PLATFORM

THOT, monkeyscage, Decentralized Blog Generator

INSTIMATCHBLOCK, hugh macmillen, fixed income bookbuilding app (private blockchain)

AuctionHouse, Doug Petkanics, Eric Tang, Auction platform for non-fungible on-chain assets.

Blockjack, Voltaireth + WhySoS3rious, The first Blackjack Gambling Game on the Blockchain

Etheroll, James Britt, Ether dice game casino / gamble ether

Maker Market, MakerDAO, User interface for Maker Market contracts

FirstBlood.io, Joe & Zack, A decentralized eSports reward platform.

Flight Delays Suck, Christoph Mussenbrock, Get indemnification if your plane is late

Lending Circles, WeTrust, Rotating Savings and Credit on the Blockchain

Ethlance, Matus Lestan, Decentralized Job Market Platform

ECB, Ashish, Ethereum wallet and API for using for transaction

Swarm City, Bernd Lapp, Swarm City is the first truly decentralized peer to peer economy

Game Legends, Dylan J.W. Erdahl, Free, decentralized gaming & E-Sports platform with real rewards

Gnosis, Gnosis Team, Prediction market platform

Call4Contest, Julia Altenried, Stefan Hoeller, Call4Contest is a contest creation/participation/voting platform

Musicoin, Berry Labs, Blockchain solution to musicians to license their works

Ethmail.tech, Steven Ireland, Secure Blockchain Mail

Drago, Gabriele Rigo, Decentralized Hedge Fund & Social Trading

SmartPool, Loi Luu, Decentralized Mining Pool

Alice, Alice SI, Philanthropy platform

colorChain, Gian Carlo Mingati, Forge your favourite hexadecimal color to the blockchain

Fanofbeauty, DUCKHIPS, Chat app: Meet beautiful girls and boys

Etherplay, wighawag, Skill Games : Play games on Ethereum

TheEthereumLottery, HashFairGames, Lottery Dapp which solves problem of random numbers in blockchan

Vega Fund, GKVH & WPR, Decentralized managed fund.

The EDO, keech, decentralized autonomy P2P insurance platform

The Million Ether Homepage, Peter Porobov, Advertising platform. Income is shared between referrals.

DealMate, Gleb Nazarkin, Escrow smart contract between two parties with, an intermediary

CryptoFund, CryptoFund CEO, A Cryptocurrency Asset Management Hedge Fund

One Million Ether Page, Alfons Machata, Trading Pixels in the Blockchain

EtherGit, Miles Albert, Incentivized open source software development

Verity, Matt Goldenberg, Credible, Decentralized Reputation and Governance

Chainy.Link, Everex, Create Irreplaceable short URLs, Messages, Links to File

SmartToken, Nikita Dubrovin, NFC smart-token with SMS Secure

PixelMap, Ken Erwin, The Million Dollar Homepage, on the Blockchain!

Dragoo, Gabriele Rigo, decentralized hedge fund and social trading

Time Clock, Daniel Moscufo, Service Delivery / Labor hire contract

Project Entropy, Joran Kikke, The World's DAO Controlled fleet of sailing hackspaces

BitVault, Nikita Dubrovin, PoA based Debit Cards with automatic hedging and Mobile Wallet

Costring, Manuel, Upload Images to the blockchain forever

smart-lease, Marie, Store apartment leases. Pay rent and verify working appliances.

KeyPal, Paul Hensel, Part Distributed Public Key Server, Part 'ors Recognition Wall

Zonafide, Paul Worrall, Work together to stop fraud: beta DApp on Google Play

SafeEther, Sergey Leschenko, Keep your personal data in the Ethereum blockchain
SafeEther

TokenCard, Monolith Studio, Smart contract powered Visa debit card. ERC20 complient

Status, Jarrad Hope, open source mobile ethereum client
Status

blockchainmail.net, Eamonn Hynes, Trustless, fully-insured, global delivery of physical items

GrünStromJeton, Thorsten Zoerner, Green Energy Consumption Token issued to power consumers
Deutsch

Community-Currency, Rogelio Segovia, Community currency with zero reserve mutual credit

Everex Transfer, Everex, Cryptocash platform for remittance, payments, trading, lending
Everex

Rex, Stephen King & Russell McLernon, A Decentralized Global Multiple Listing Service
REX

CT Contract Management, ChainThat, Legal contract management solution
CT CM

xapout, Michael Kwaaitaal, simplifying work
Xapout

otlw-assess, otlw, A decentralized framework for assessment in education
otlw

voteholder, Michael, reinvention of global governance
VoteHolder

AKASHA, AKASHA International, Next-Generation Social Media Network
Akasha

Trustery, Mustafa Al-Bassam, Public Key Infrastructure and identity management system
Trustery

Proof of Phone, Igor Barinov, KYC oracle validates and links your phone number and eth address
Proof of Phone

PatrolX, Adam Sculthorpe, Threat intelligence and breach alerts with no false positives.
PatrolX

TokenEscrow, Alex Beregszaszi, Contract for running an escrow service for Ethereum token-contracts
Token Escrow

NotarEth, Maran Hidskes, Ethereum based notary service
NotarE th



Latest News [latest first]

One of the hottest things in cryptocurrency right now: Stablecoins

There’s a new form of cryptocurrency gaining traction among fans of digital cash.

Unlike bitcoin, which has seen its price swing wildly from as high as $19,000 last year to its current level hovering around $6,200, this emerging class of cryptocurrency aims to maintain a stable price — one, single U.S. dollar — at all times.

A cryptocurrency whose price never fluctuates might sound nonsensical, particularly to entry-level traders who want to profit off a cryptocurrency’s appreciation. But many in the industry say the rise of “stablecoins” has in fact been instrumental for active investors — and could represent a crucial steppingstone to the future of money.

Bitcoin was hailed initially as a form of digital cash that could be used to purchase real-world goods and services. But in practice, the currency’s volatility has made buying anything with it far more complicated. In one early example from 2010, a programmer offered to pay for two pizzas with 10,000 bitcoin. At the time, that amounted to roughly $30. At today’s prices, it would be equivalent to $62 million.

“I don’t know whether the price of that crypto is going to go up or down, but it’s almost certainly not going to be the same as it is today,” said Josh Fraser, co-founder of the cryptocurrency start-up Origin Protocol. “That introduces the problem [for] either the buyer or seller . . . as part of that transaction.”

That’s why many in the industry now see stablecoins as a big opportunity that could fulfill much of bitcoin’s original promise as a medium of exchange.

Why it’s time to stop mining cryptocurrency and look to the future of blockchain Medium

If you simply look at the resources used in cryptocurrency mining the statistics are astounding. The energy consumption of millions of GPUs and ASICs running across the globe is wasting our valuable resources and producing tonnes and tonnes of carbon emissions. These resources are being used all for a completely speculative market to compute algorithms that produce nothing tangible and could come crashing down at any time. The cost of running most mining rigs today is almost equal to the daily payout.

If you look at the math at how long it will take if you were to purchase mining hardware today, you would be lucky to break even, if ever. The speculation that crypto markets will go up and won’t be crushed by governments, banks and regulation is not worth the investment risk.

---Response from Briana:

It is actually an old post, with bad numbers, and an incredibly short sighted opinion.

Plenty of academics in panels around the world have debunked the supposedly "massive waste of resources", siting the much higher power consumption of the world's banking industry, including the SWIFT network that everyone's credit card transactions are processed on. Also, crypto mining has a direct economic incentive to procure the cheapest power possible, which is directly influencing clean power investments all over the world. Many medium and large scale miners are investing in wind, solar, and geothermal.

Here’s What One Judge’s Decision Means for the Future of Cryptocurrencies Futurism by Dan Robitzski September 12, 2018

The world of crypto can be wild and unpredictable. After all, it originally drew a following from those looking to escape overreaching financial institutions and governments. But now, a recent court ruling might give a federal agency the power to rein in cryptocurrencies like Bitcoin and Ethereum — should it decide to use it.

No, the government isn’t coming to take your Bitcoin. This is an early step that will likely be challenged. If it sticks, it could initially tank markets, but it may also help crypto investors distinguish crypto scams from gold mines.

Quick refresher: the U.S. Securities and Exchange Commission (SEC) is suing Maksim Zaslavskiy, who launched two cryptocurrencies that the U.S. government suspects may have been fraudulent. Zaslavskiy tried to have the case dismissed, arguing that cryptocurrency was outside the SEC’s purview.

U.S. District Judge Raymond Dearie, who was presiding over the case, disagreed. On Tuesday, he denied the motion to dismiss the lawsuit, arguing that there’s basis for interpreting cryptocurrency as a security, which means it would fall under the SEC’s purview. As of this article’s publication, the case is slated to go to trial.

It’s not surprising that the SEC pursued this particular case, Kevin Werbach, a professor of legal studies and business ethics who specializes in blockchain and internet policy at University of Pennsylvania’s Wharton School of Business, told Futurism. In fact, he says, there are a number of (likely) fraudulent cases in which SEC involvement is a matter of common sense.

“The SEC has clearly stated on many occasions that cryptocurrencies can be treated as securities,” Werbach told Futurism. “There is no serious disagreement among experts that a transaction designed entirely to raise funds from passive, profit-seeking investors using a cryptocurrency is subject to SEC regulation. I would have been shocked if the Zaslavskiy case came out any other way.”

But Werbach (and many others in the crypto community) are more interested in whether or not the SEC will use the precedent set by Tuesday’s ruling to investigate cryptocurrencies that aren’t fraudulent at all but merely failed to register with the SEC.

Depending on how this individual case turns out, though, experts could infer the kinds of cases the SEC might bring next. If the court rules in favor of the government, that would bring decentralized, digital currencies under the same laws as any other form of currency or wealth, meaning the U.S. government would have more power than ever to investigate and regulate them.

The Empire Strikes Back with a Coordinated War on Crypto On Sept 1 2017, Bitcoin roared to a new all-time high, touching the $5000 mark for the first time in history.

And then the bottom fell out.

SAN BENEDETTO DEL TRONTO, ITALY. MAY 16, 2015. Portrait of Darth Vader costume replica with grab hand and his sword. Care of ShutterStock for editorial use.

While Twitterverse crypto enthusiasts called the sudden drop a natural correction, it quickly became clear there was nothing natural about it.

Over the course of two weeks, Bitcoin and every other crypto faced a sustained assault of relentless negative press designed to crash the price, spread fear and destroy the trust in decentralized money.

And it wasn’t random at all.

It was a coordinated attack on crypto.

Your Online Data Is In Peril. The Blockchain Could Save ItTo solve our crisis of trust, we must create a system where none is required

If you have heard of blockchain, you likely associate it with bitcoin, speculation, and maybe the Winklevoss twins. But make no mistake, despite all the explainers and opinion pieces on Medium, most people have never heard the words “block” and “chain” morphed into one. Just last month, I visited a top high school in New Jersey and asked a group of 60 students if they’d heard of the blockchain. Not a single 18-year-old, many of whom are headed to Ivy League universities, raised their hand.

Until I finally understood the connection between bitcoin and blockchain, I dismissed anything crypto-related as murky; a plaything for bros whose biggest goal was to become the proud owner of a Lamborghini. But the actual link between the two is far more interesting than I’d thought and worth revisiting in the context of our growing distrust of Big Tech.

Bitcoin was born out of the financial crisis of 2008, which was, for many, the first time we realized how unstable our entire financial infrastructure is. One mysterious coder, who went by the name Satoshi Nakamoto, thought he (or she, or they) had a technological way to bypass those unwieldy institutional systems. Nakamoto posted a research paper on November 1, 2008, outlining an idea for a new digital currency. The concept eliminated a middleman, like the government or a bank. No need to trust an institution to take care of your funds or a government to decide the value. No one person or entity would be in charge. Instead, a network of hundreds or thousands of computers would run special bitcoin software, linking them together into a “distributed ledger” called “the blockchain.”

Here we are, a decade later, and blockchain enthusiasts are working to use distributed ledger technology to keep track of more than just money: Everything from health records to pharmaceuticals to music rights is being logged using blockchain. One of my favorite examples of blockchain’s potential is in monitoring our food-supply chain. Take the recent E. coli outbreak. Hundreds of people got sick in states across the country. Federal officials believe the contaminated lettuce came from farms in Yuma, Arizona, but the investigation is ongoing.

As one FDA update stated: “It’s a labor-intensive task. It requires collecting and evaluating thousands of records.” In a blockchain world, the process would move far faster. Every step in the delivery route would be tracked and linked, from farm to table. In one test, Walmart compared conventional tracking methods with blockchain to see how quickly the source of some contaminated mangoes could be found. The results? Seven days versus 2.2 seconds.

Bettina Warburg, a tech entrepreneur and researcher, describes blockchain as a high-tech update to how we traded during agrarian times, hundreds of years ago. “We had a lot more individual, one-to-one direct trade,” she says. “We could trust those relationships, and we had a lot more control.”

Later, as trade routes became more complicated and global in scale, we created institutions like banks and regulators “to formalize how we could achieve our trade with greater certainty.” In the past two decades, marketplaces have moved online to platforms like Amazon and eBay. “They really just facilitate that exchange of value between people who maybe don’t know each other,” Warburg says.

Blockchain, according to Warburg, is the next evolution in how we’ll do business. It will bring us back to direct one-to-one trade by using decentralized technology. Eventually, humans will be taken out of the picture entirely, and the machines will be left to trade between themselves according to the rules we give them. We won’t need to trust or even know the humans on the other end of any transaction.

But there’s a paradox hidden here. Even as we imagine this future of “trust-free” trading, we urgently need to support the technologists putting ethics at the heart of their blockchain projects. Last month at the Ethereal conference, Joe Lubin, co-founder of a blockchain software called Ethereum and a leader in using blockchain for social good, told a group of reporters that personal privacy is one issue he thinks blockchain can fix. “Right now, there’s no good identity construct,” Lubin said. “Basically, we spray aspects of our identity throughout the internet.”

With blockchain, Lubin claimed, “The business model of exploiting people [and] personal information is going to change. I think it’s going to be even better, potentially, for those companies. They’ll be less exposed to the risk if we are controlling our own data, encrypted, and enabling it to be selectively disclosed in situations that we designate.” Imagine owning all your digital health care records and granting providers or insurance agents access only to the data of your choosing. These kinds of experimental blockchain technologies will require cautious and careful experimentation worth investing in. But the goal shouldn’t be “hyper growth” and fast returns on those investments.

Blockchain Disciples Have a New Goal: Running Our Next Election Amid vote-hacking fears, election officials are jumping on the crypto bandwagon — but cybersecurity experts are sounding an alarm

Blog: The State of Cryptocurrency Mining

Amazon's $1.91 Trillion Bitcoin Shock “With one single move, Amazon will shock the world and create an opportunity for anyone to turn $100 into a retirement fortune in the next 12 months...while minimizing your risk.” - James Altucher, crypto millionaire

WARNING: This opportunity disappears on July 27, 2018 at 4p.m.

Retail giant Amazon will create a once-in-a-generation opportunity… For anyone to turn a single $100 bill into a retirement fortune in the booming cryptocurrency market… … in a matter of months.

They’ll release a wealth explosion like we’ve never seen before… A potential $1.91 trillion money revolution. And it could begin as early as July 27!

Some shocking news about Amazon broke… A “smoking gun” that essentially confirms this could happen as early as July 27… Disrupting the entire $1.91 trillion e-commerce market.

And no, I’m not talking just about buying Bitcoin… the “granddaddy” of all cryptocurrencies. The quick fortune in Bitcoin has already been made by those who got in early, when Bitcoin was trading for cents. Right now, the BIG money is in the smaller cryptocurrencies.

Many of These Lesser-Known Digital Currencies Are Trading for Pennies!

In fact, I already made an investment that returned a total profit of $1.8 million… From one single cryptocurrency trade! And I recently bought another cryptocurrency for just 52 cents! It’s already up 800%... in just three weeks!

Look what happened with Verge, a new cryptocurrency that improved upon Bitcoin’s privacy technology... Most people have never heard of it… But had you invested a single $100 bill earlier this year… You could have cashed out with $57,236… In a little more than two months.

And Verge is not the only cryptocurrency that’s booming. Look what happened with DigiByte, a digital currency designed to protect its users against cyber threats. Just a few months ago, you could have bought it for pennies! And had you put in $100 earlier this year… It would have ballooned to as much as $30,628.

Something similar happened with another cryptocurrency called Nexus… Had you invested $100 when it was trading for pennies… You could have walked away with $66,666!

Of course, past performance doesn’t always equal future success. There is no such thing as absolute certainty when it comes to investing…

That’s just a small taste of what’s coming in the next 12 months. How do I know that? Because Amazon could be about to release $1.91 trilion in new crypto wealth…

Now, here’s the bad news… Like every single boom in history, this cryptocurrency bonanza won’t last forever. In fact, it could be all over by next year. And when it’s over, you’ll NEVER see a get-rich-quick opportunity like this again…

Just take a look at the recent gains from some of these digital currencies…


These are NOT annual gains.

These are NOT monthly gains.

These are gains that happened in a 24-hour period!

Some of these cryptocurrencies are jumping 28%... 49%... and even 90%...

In a SINGLE DAY!

But Before I Give You All the Details I Should Probably Introduce Myself.. Hi, I’m James Altucher.

I am an author and computer nerd. I wrote my first computer program in 1982 on an Apple II+… And I’ve been a coder and hacker for the past 35 years! I’m telling you this because when it comes to cryptocurrencies… That’s a BIG deal. You see, these digital currencies are created by computer programmers. That means you can only fully understand them if you can read the code behind each currency. And that’s my bread and butter.

And to Prove My Point, Here’s an “Inside Scoop”…

Andreessen Horowitz and Sequoia Capital are two of the most highly respected venture capital firms in Silicon Valley. That’s because they tend to see major technology trends before anyone else. They’ve made billions by investing very early in social media companies like Facebook, LinkedIn and Twitter. Simply put, when these guys invest in something new, you should pay close attention.

Well, Forbes has just reported that they’re “secretly” investing in a cryptocurrency fund called MetaStable.

Bloomberg's announcement just shook the cryptocurrency world to its core With the launch of their Bloomberg Galaxy Crypto Index, this global powerhouse has added themselves to the ever-growing list of institutional investors diving headfirst into this new age of investing. And you can expect this one little-known coin is sitting at the center of this frenzy. Right now, you can still get in at a tiny fraction of Bitcoin's price. The quicker you move, the more money you could make.

bitcoin-comination-lock ~

THREE EVENTS Will Send This Tiny Cryptocurrency Soaring

Right now we're smack in the middle of the biggest get rich quick boom in history.

Cryptocurrencies are rocketing 3,028%, 9,790%, 13,558% even 694,900%.

So if you made the smart decision to get in on this profit frenzy early… congratulations!

You're already a millionaire.

But if you've missed out so far, I want you to pay very close attention to what I'm about to tell you.

Because the nearly half a trillion dollars in wealth that has been created up to this point is just a tiny blip compared to what's about to come.

Thanks to three upcoming events, billions of dollars in crypto-riches are on the way.

In fact, we could soon be looking at a total market cap of a trillion dollars or more in 2018.

And if you pay close attention, I can show you the easiest way to grab a huge chunk of this wealth for yourself.

Not just a one-time shot.

I’m talking about raking in cash from dozens of cryptocurrencies day after day after day.

It’s the same method I used to get into Bitcoin back in 2013 when everybody thought I was crazy for even talking about it.

But if you had listened to me and put up a small stake in Bitcoin back then, you’d be sitting on over $1 MILLION today.

And while the Bitcoin boat may have already sailed for the average investor, there are now 1,300 potential “new” Bitcoins just getting started.

Like Ripple.

Most people have never heard of this digital currency, and for good reason.

Only a few months ago Ripple was trading for less than a penny. Since then it has spiked an incredible 15,657% … and it could very well be just getting started.

Had you invested a mere $100 in Ripple just a few months ago, you’d be $15,657 richer today!

A slightly larger investment of $1,000 would have netted you $158,570.

And a stake of $5,000 in Ripple would have made you a small fortune - $782,850 to be exact!

Or how about Qtum, another cryptocurrency I love…

Since January it’s skyrocketed an astounding 20,133%. Yes, that’s not a typo: Qtum has gone up an unheard of 20-THOUSAND percent.

A mere $100 investment in Qtum (less than what you probably pay for your cable bill) and you’d have pocketed $20,233!

Even better, had you gone a little higher and invested $5,000 – you’d be a millionaire.

A $5,000 investment in Qtum would have given you a $1.6 million windfall in less than three months. Amazing!

Ripple and Qtum are just two examples.

Right now I'm counting… 15 cryptocurrencies that have gained over 1,000% since the beginning of this year.

Seven have exceeded 10,000%...

One has gone past 20,000%...

Another past 50,000%...

And the biggest of them all, a cryptocurrency called Verge, has gone past… get this…

694,000%!

That means had you invested a mere $100 in Verge a few months ago, you’d have $694,000 in the bank right now.

Imagine waking up one morning and telling your spouse,

“Hey, honey, we have $694,000 sitting in the bank right now!

And it only cost me a measly hundred bucks to get it.”

Sounds like a dream…right?

Well, today I’m going to show you how to make it a reality.

It starts with you understanding three critical points…

First, even though the gains I’ve just shown you are already through the roof… dozens of cryptocurrencies are just getting started.

Yes, it’s probably too late to become a millionaire from Bitcoin.

After all Bitcoin is going for over $10,000 per coin. That’s way too expensive to make a big amount of money in a short period of time.

On the other hand…

Nearly every other cryptocurrency on the market right now is trading for only a few bucks – even pennies on the dollar.

So, if you catch a ride on the right cryptocurrency trading for, say, 60 cents…

Why, on July 21, 2018, the U.S., China, Russia (and 16 of the world’s richest countries) will join together to ban Bitcoin. On July 21, 2018, leaders from around the world are expected to release an important edict:

Cryptocurrencies will be banned on a global scale.

The United States, China, Russia and some of the world’s largest and most powerful economies will put their full force behind the ban.

Bitcoin will go to zero.

And 99.9% of all other “crypto” coins will be deemed worthless, too.

The ban—expected to be announced at a secret meeting in Buenos Aires—will be backed by all the world’s top central banks.

Presidents Donald Trump, Xi Jinping, and Vladimir Putin will all send high-ranking envoys to Argentina to make sure the ban is passed.

But it’s not just the most powerful leaders on earth who will endorse this…

Credit card companies like Visa and Mastercard… the Clinton Foundation… the world’s 2nd richest man (details in a minute)… as well as most mainstream media companies are also pushing hard to end crypto.

In fact, there’s a good chance the only reason you’re watching this today is because a freedom-loving friend sent it your way.

(Already, several of the biggest websites in the world—including Google and Facebook—have forbidden businesses like ours from even mentioning “Bitcoin” or “cryptocurrencies.” Many believe they were strong-armed by the U.S. Government.)

But it’s my patriotic duty to reveal the truth, no matter how devastating the consequences…

And to warn Americans before their crypto gains are wiped out by despotic governments.

But the sad reality is worse than that.

You see, this edict will not only hurt all the speculators who turned “cryptos” into the biggest bubble of all time…

It will also have a surprising effect on the savings of millions of Americans.

Even if you’ve never bought Bitcoin or a single crypto in all your life.

In addition, the ban will usher in a new era of digital surveillance worse than anything sanctioned by the NSA or the Patriot Act.

Today, I’m going to share all the ugly details with you.

Including the exact blueprint, I believe the global elites are about to roll out…

As early as July 21st.

I’ll also share the steps I—along with several members in my inner circle—are personally taking to safeguard and protect our wealth.

My name is E.B. Tucker.

I belong to a group of financial “watchdogs” that’s been around since 1978.

Operating mostly underground, our private network has swelled to over 2 million members—more than the digital readership of The Washington Post and Forbes combined.

Our members include multiple New York Times best-selling authors, retired hedge fund managers, as well as former CIA insiders.

One of our figureheads is 2-time best-selling author Doug Casey. He leads one of the “branches” of this watchdog network.

Doug, apart from becoming a multi-millionaire speculating on stocks, has made some pretty big geopolitical calls…

He predicted the fall of the Berlin Wall, the 9/11 attack, as well as president Trump’s victory a full 16 months before the election.

(He even made 2 separate wagers on it, collecting $2,500 and 100 ounces of silver.)

Our group also foresaw the crash of '87… the dot-com bubble… the collapse of the housing market… Brexit… as well as the rise of cryptos.

Because of this, we’ve been featured in every major financial news outlet of note, including Fox, Forbes, Barron’s, Yahoo! Finance, and The Wall Street Journal.

And, right now, we’re issuing another important warning…

Bitcoin and 99.9% of cryptocurrencies are about to get banned.

Now, I’m sure this probably doesn’t come as much of a shock to you…

After all, why would governments continue to allow a currency that’s stated purpose is to take control away from them?

They won’t.

And all the evidence shows they’re banding together to make sure of it…

Already, several meetings with high-ranking officials (including Janet Yellen and IMF President Christine Lagarde) have taken place.

And, on July 21st, in a lush conference room in Buenos Aires, we believe the final “nail in the coffin” will be hammered down.

That’s when finance ministers and central bank governors from the 20 most powerful countries on earth convene for the “G20” summit.

What’s the “G20”?

It’s just another fancy event where global elites gather to sip champagne and decide what they believe is in our best interests…

The Paris Accord. NAFTA. TPP.

All brainchilds of meetings like this.

Of course, it’s always in the name of “the public good.”

But the public gets no say.

All we see are the glossy pictures while—behind closed doors—secret agendas are being pushed forward…

And, right now, we believe the single biggest item on the agenda is banning cryptos.

Cryptocurrencies, you see, have gotten way too big for governments to ignore.

It’s not like 5-6 years ago when it was just a few teenagers living in their parent’s basements who knew about Bitcoin.

Today, it’s a global phenomenon…

And, recently, as much as $800 BILLION found its way into cryptos.

That’s more than the GDP of 175 separate countries, including oil-rich Saudi Arabia.

Now, here’s the thing…

Every dollar invested in crypto is a dollar that doesn’t benefit a money hungry, debt-riddled government.

On top of that, many of the folks striking it rich in cryptos simply aren’t declaring their profits.

(Coinbase, one of the world’s largest exchanges, was recently ordered to turn over the identities of 14,355 Americans to the IRS after only a few hundred filed their taxes.)

So, it’s a direct hit to the gut of big government.

That’s why almost every major country on earth is pushing hard to end cryptos.

China, for example, has already banned crypto exchanges and revealed (in a leaked document) they would shut off electricity to people caught “mining” Bitcoin.

Russia is taking action too…

Putin publicly stated he wants to ban all cryptos, calling them the domain of money launderers, tax evaders, and terrorists.

Leaked Chinese document

South Korea has issued regulations.

And even the Fed’s own Vice Chairman Randal Quarles has declared cryptocurrencies a threat to “financial stability.”

But if these countries want to succeed, they know they must all work together…

As German central bank director Joachim Wuermeling says:

Crypto regulation would “Only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”

Once all countries band together, crypto lovers won’t have anywhere to run.

There will be no escape.

You see, central bankers all have the same interest:

To protect their cartel.

They all play the same game…

They print money out of thin air…

Backed by absolutely nothing…

And everybody accepts it—under penalty of law!

(That’s why your dollar bills say, “legal tender” right next to George Washington’s portrait.)

These guys don’t want this party to stop.

That’s why, already, the IMF, World Bank and over 100 central banks held a private meeting in Washington, D.C. at the Eccles building to discuss cryptos.

And it’s also why—this year alone—the top 20 countries are meeting… not once… but 3 separate times to solve this issue.

In fact, at their first meeting, back in March, France and Germany presented a joint proposal on how to “regulate” Bitcoin.

A second meeting is days away…

And by the time the third (and last) meeting comes around on July 21st… we expect the final details on the “world crypto regulation” will be ironed out…

You’ll see it plastered all over the news:

“Bitcoin and 99.9% of Cryptos Banned.”

Shortly thereafter, Bitcoin will go to zero.

And 1,500-plus “crap coins” like Dogecoin, Mooncoin, Insanecoin, Garlicoin and Pizzacoin will all plunge into oblivion.

The dreams of millions of crypto investors will be squashed.

(Some, at the expense of their life savings.)

Meanwhile, on the other side, fat cat bankers will be having a good laugh…

In one fell swoop, their biggest competition will be wiped out!

Now, you might be wondering…

Why do I say only 99.9% of cryptos will be banned and not 100%?

Great question.

You see, these central bankers are pretty sneaky.

There’s actually a good (for them) reason not to ban all cryptos…

The Global Elite’s Creepy
“Post Crypto” Blueprint

While cryptocurrencies are a thorn in the side of the government…

They do realize their massive potential.

In fact, the technology behind cryptos—the “blockchain”—is being hailed as revolutionary…

It’s the perfect tracking tool.

Wal-Mart, for example, said the blockchain helped them reduce the time it took to trace mangos from 7 days down to 2.2 seconds.

That’s 99.99% faster.

But not only that…

The blockchain also allows money to be moved around much faster and much cheaper than the way it’s currently being done today…

That’s why all the big banks are researching cryptos.

And it’s also why State-Issued cryptocurrencies will NOT be banned.

You see, already, almost every single government in the world is working on its own cryptocurrency.

According to a recent study by the University of Cambridge, a full 80% of central banks were either researching or actively developing their “own Bitcoin.”

The Chinese. Russians. Emiratis. Japanese. English. Australians. Canadians.

All are racing towards becoming the first major country in the world with a state crypto.

Study: 80% of countries researching own state crypto

As Olga Skorobogatova, deputy chief of the Bank of Russia, says:

“Regulators of all countries agree that it's time to develop national cryptocurrencies, this is the future.”

That means, soon, we could see “Britcoin,” the “CryptoRuble,” as well as America’s own “Fedcoin.”

This new money, however, will have some grave consequences…

And it will forever change the way we earn, save, and spend money.

It will also act as a new digital surveillance tool worse than anything currently sanctioned by the NSA.

(You’ll understand why in a minute.)

But first, I need to explain something…

The reason governments will be able to ban cryptos so easily…

It’s simple.

You see, they’ve already got the support of some of their largest campaign contributors—big finance…

Jamie Dimon, for example, JP Morgan Chase’s CEO, famously called Bitcoin “a fraud.”

And Mastercard’s CEO Ajay Banga said “non-government mandated currency is junk.”

Recently, Visa, Mastercard, Discover, Capital One, Citi, JP Morgan Chase, and Bank of America all banned Bitcoin from being purchased on their credit cards.

(That’s a big reason cryptos crashed more than 50% earlier this year.)

The mainstream media is clearly on the “anti-crypto” bandwagon, too…

Facebook banned all advertising related to cryptos on their network back in January.

And Google, Twitter, MSN, and Yahoo! have all followed suit, issuing bans of their own.

The “intelligentsia” is sounding the alarm bell, too…

Joseph Stiglitz, former chief economist at the World Bank, said Bitcoin “ought to be outlawed.”

He went on to say the government “could close it down at any moment.”

If this feels like all the global elites are banding together to stop cryptos… you’re 100% right.

Now, let me be clear…

I’m not personally a big fan of cryptos.

In fact, I think most are just plain stupid.

(Nowadays, anyone with an internet connection can create one in 6 minutes or less.)

However, I do believe in our God-given right to decide what’s in our own best interests.

Whether or not you want to own Bitcoin should be YOUR choice, not Big Brother’s.

And… not only that… but I believe the next part of the global “crypto blueprint” will be truly scary… even for those who’ve never bought a single crypto in all their life.

That’s why I’m urging Americans everywhere to prepare (and protect) themselves today with the simple steps I’m going to share in a bit.

Cryptokitties

WHY THE PLAAK EXCHANGE IS DIFFERENT Due to such a rise in demand for this form of digital asset, companies have clamored to capitalize on the growth by introducing numerous kinds of exchanges. Although this has provided users with options, it often leaves them confused and having to compromise on certain areas of exchanges as there is little to no effort by companies to tick all the boxes at their own expense.

PLAAK considers all factors of what makes an exchange great with the consumer in mind to resolve the deficiency of previous systems of cryptocurrency trading. The PLAAK exchange was not developed to be viewed as just another online exchange platform. Their exchange is different because it is a result of listening to what users want and combining it with industry coder specialists to ensure the platform can be used with ease and confidence.

PLAAK implements competitively low fees as low as 1%, with a clear structure that does not confuse or take advantage of obscure details. To keep people new to the crypto industry included, there is also the ability to use fiat money to make purchases. Fiat capability cuts through the complication of trying to find a way to buy tokens with tokens when first starting out, and gives control to the user immediately from the start.

BIOCOIN: RUSSIAN GREEN INITIATIVE BUILDS A BETTER TOMORROW Bitcoinist seized a unique chance to talk to Boris Akimov, CEO of BioCoin and an ICO committee chairman of the Russian Association of Cryptocurrency And Blockchain (RACAB), an advisory body for Presidential Administration. Boris helped us take a glimpse at the state of events in Russian crypto-community and updated us on the first legal token sale currently happening in Russia.

BioCoin is apparently the next big thing in Russia and maybe not only in Russia due to its full legal compliance which so far resulted in formidable success in a country which is not exactly very cryptocurrency-friendly.

MARK.SPACE RAISES HOPES OF A LUCRATIVE ALLIANCE BETWEEN VR AND E-COMMERCE THROUGH ITS REVOLUTIONARY BLOCKCHAIN POWERED ECOSYSTEM The much-anticipated merging of two groundbreaking technologies, VR and E-Commerce, may soon become a reality with the recent launch of MARK.SPACE. This blockchain based VR/3D platform empowers all online retailers to enjoy the benefits of VR regardless of their size, by eliminating the need for expensive VR-equipment or any other significant investment.

February 2018 – The advent of VR is considered to be a gamechanger for the future of the global e-commerce industry. Though VR is increasingly being adopted by both large online retailers and world’s most popular fashion brands around the world, creating an industrially viable combination of VR and E-Commerce is still at a very early stage of development.

XINFIN UNVEILS XDC, THE HYBRID BLOCKCHAIN PROTOCOL, OPENS ITS UTILITY TOKEN SALE 2/5/18--Singapore based XinFin unveiled the first of its kind Hybrid Blockchain protocol architecture for enterprise adoption for global trade and finance market, opens sale of its utility tokens.

XinFin unveiled its Hybrid Blockchain network, powered by the XDC protocol. The XDC protocol enables real-world enterprises to work with Blockchain and digital assets ecosystem with a network architecture that combines best features of public blockchains and private networks. The XDC protocol has been architected to make it compliant with laws of the land and can work purely as a messaging layer for existing and approved payment mechanisms in any country.

SMALL TECH STARTUP DEVELOPS NEW WAY ANYONE CAN SAVE ANIMALS, WITHOUT SPENDING MONEY Veggie is a cryptocurrency similar to Bitcoin, designed to raise funds for animals. Using their new software Veggie-qt, users generate a cryptocurrency called Veggie. The user keeps 75% of the coins they generate. The remaining 25% is sent to a separate animal fund.

Veggie: A Cryptocurrency for the Animals

Here’s How Scammers Are Using Fake News To Screw With Bitcoin Investors In the largely unregulated world of bitcoin and cryptocurrency, fraudsters are getting rich by deliberately spreading false information to affect the price of their holdings using social media, scam news sites, and private chat apps.

DEBITUM NETWORK LEVERAGES ETHEREUM BLOCKCHAIN TO DELIVER GAME-CHANGING SMALL BUSINESS FINANCE SOLUTION Debitum Network, a business financing blockchain startup, is quickly emerging as a robust small business finance solution that promises to eliminate the need for the highly over-regulated intermediaries. This project has just completed a successful crowdsale campaign and has recently clinched the first place in both jury and audience in the prestigious d10e ICO Pitch Award.

HOW BLOCKCHAIN TECHNOLOGY WILL TRANSFORM HEALTHCARE IN 2018 leading futurist of 2016, Alec Ross, wrote in his best-selling book, The Industries of the Future, that the next ten to twenty years would be marked by three key innovations: Coding (computer and genetic), AI (and neural networks), and the blockchain. Now, with 2017 coming to a close it seems clear to many – the blockchain is chief among these things – and it is set to disrupt everything.

Several industries have already been completely disrupted by blockchain technologies. The obvious example is finance – traditional financial behemoths are realizing fast the power of cryptocurrencies, and governments are scrambling to keep up. More and more, cryptocurrencies are being legalized – and regulated – in major developed economies, and are providing a way for citizens of underdeveloped ones to protect their wealth (ie. Venezuela, Zimbabwe).

THE FUTURE OF HEALTHCARE IS EHEALTH FIRST

already, that lots of data was being collected. Patient records have been stored digitally by doctors for years, and a wealth of data, including medical research and information on patient outcomes, has already been gathered. This group of physicians realized right away that this data can be stored on distributed ledgers – on the blockchain – to keep it secure, but also accessible in such a way so as to make medical care more effective.

This data, that has already been collected, and continues to be collected, could be processed using artificial intelligence algorithms, machine learning, and neural networks. A user – be it a medical professional or the patient itself – could potentially enter metrics regarding symptoms into the system to find a diagnosis, as well as the best possible solution to their problem.

Now, these medical and computing experts are ready to announce that they have begun work on a platform – eHealth First – that will allow users to do just that. EHF (www.ehfirst.io) consists of two applications. The first is a user-friendly mobile and web application that allows users to get diagnoses and recommendations that improve medical conditions and increase lifespans. The second is an open platform for medical professionals, that allows specialists to access medical research data in order to build other platforms specializing in a wide array of medical conditions and diagnoses.

EHF [eHealth First] Personal Health (Personal Health Management Application)

The United States of America:
The U.S. citizens and residents could participate in ICOs, but there are novel regulation rules for that. Participation of U.S. citizens and residents in eHealth First's ICO is not prohibited by the Securities and Exchange Commission ("SEC") or U.S. law. However, despite the recent investigation of The DAO and SEC Report No. 81207 ("SEC Report"), establishing the status of an Initial Coin Offering ("ICO") as "securities" subject to regulation under U.S. law, ICO investors are uncertain, especially with respect to ICO's offered by foreign companies, such as eHealth First. Basing on the review of the U.S. current legislation, the eHealth First Project Team considers, that the EHF Token isn't a security.

Nevertheless, eHealth First makes no promise of compliance with SEC regulations with regards to this ICO. Although eHealth First fully believes in the innovation and success of this project, it advises all potential investors that ICO investments carry certain risks and uncertainties. U.S. citizens and residents seeking to invest in this ICO are urged to independently assess all emerging risks. We provide the Guide for U.S. investors to help foster understanding of the current legal status of ICOs in the U.S., specifically ICOs offered by foreign companies, but we are not providing legal advice on this subject.

Taking the eHealth First platform into consideration, as we move into 2018, it seems the blockchain will revolutionize healthcare in three ways:

Provide secure use of medical records which can be used for diagnosis by doctors or AI.

Store medical research on distributed ledgers to be processed by AI.

Make it possible to access medical records wherever you are on the planet.

Facebook Page

eHealth First Intro

KODAK STOCK JUMPS 60% AFTER ANNOUNCING PLANS TO LAUNCH OWN CRYPTOCURRENCY, KODAKCOIN 1/10/18

MIT Has Started Issuing Diplomas Using Blockchain Technology Blockchain technology is proving to offer major advantages beyond its well-known applications in the sphere of cryptocurrency. A new app allows MIT graduates to prove ownership of their degree using the digital ledger.

China completes first test runs on establishment of new sovereign digital currency

The Gates Foundation Just Launched a Blockchain-Powered Mobile Payment System The Level One Project, the umbrella blockchain effort by the Bill & Melinda Gates Foundation, started in 2015. Now, they've developed an open-source platform that lets various financial services to work seamlessly as a payment service for the poor.

INTEROPERABILITY IS KEY

The Bill & Melinda Gates Foundation is no stranger to blockchain. Since 2015, the foundation has been working on ways to use the decentralized digital ledger of transactions through its Level One Project. Now, they’ve launched Mojaloop, which is an open-source payment platform designed for people who lack access to the usual payment services.

Mojaloop’s mobile payment software, built as part of the Level One Project, is powered by the Interledger technology, which in turn was built by distributed ledger technology (DLT) startup Ripple. It “establishes a blueprint for connecting today’s financial services sector, and can be used as a solution to barriers that banks and providers seeking interoperability have traditionally faced,” the foundation’s announcement said. In short, Mojaloop wants to link financial institutions, payment providers, and other companies that provide payment services and share information using blockchain.

Video: Mojaloop is the common platform for financial transactions for the poor

THE IDEAL PLATFORM

Blockchain’s secure and decentralized nature makes it ideal for such interoperability or sharing of information that’s particularly crucial in financial transactions. “Interoperability of digital payments has been the toughest hurdle for the financial services industry to overcome,” Kosta Peric, Financial Services for the Poor deputy director at the Gates Foundation, said in the press statement. “With Mojaloop, our technology partners have finally achieved a solution that can apply to any service, and we invite banks and the payments industry to explore and test this tool.”

Aside from Ripple, the Gates Foundation also worked with other financial technology companies to make Mojaloop easily accessible. An open application programming interface (API) for mobile systems companies developed by Ericsson, Huawei, Telepin, and Mahindra Comviva will make it easier for mobile money providers to integrate their services with, and build products for, Mojaloop. Interested software developers can view the code here.

Mojaloop is yet another example of how blockchain is breaking the traditional financial service setup, which ends up benefitting a greater number of people. As the foundation notes, it’s a step at leveling the economic playing field “by crowding in expertise and resources to build inclusive payment models to benefit the world’s poor.”


Bri Stuff

Dash ~ Dash ~



Dash Network

IBM Blockchain Blockchain technologies present opportunities for disruptive innovation. It enables global business transactionns with less friction and more trust.

CryptoID: Dash Blockchain Explorer

Dash Homepage A revolutionary digital money system.

Evolution’s mission is to make digital cash easy to use and access for all users, even those who aren’t technologically savvy. Anybody will be able to setup an account on the blockchain, add contacts and pay them by name. Purchases from websites or mobile apps will be simple, requiring only a single click.

Prototype video. There is a registration process and then validation of email. Then you can log in, invite people, send payments by alias along with transaction descriptions. Shows up in their wallet as well. Electrum client. Decentralized, uses web sockets. Can build other functions on top of this, like asking network to send out messages to users. Can also send messages from one user to another. Friends can send messages between selves.

Dash Network Market shows values of coins. Treasury shows Governance Tools, includes Dash Central.

Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes.

Monero (XMR) is a privacy-focused cryptocurrency that is not based on Bitcoin's code. Monero aims to be a fungible and untraceable digital medium of exchange. It intrinsically has a higher degree of privacy than Bitcoin or any of its various forks.Apr 25, 2014

Zcash is the latest kid on the block of cryptocurrencies – a wave ushered by bitcoin back in 2008. ... Zooko Wilcox, Founder and CEO of Zcash, told Investopedia, “Zcash is a new blockchain and cryptocurrency which allows private transactions (and generally private data) in a public blockchain.Nov 10, 2016

Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that offers instant transactions (InstantSend), private transactions (PrivateSend) and token fungibility [mutually interchangeable]. It was rebranded from "Darkcoin" to "Dash" on March 25, 2015, a portmanteau of "Digital Cash".Apr 29, 2017

Dash (DASH) is a privacy-centric digital currency with instant transactions. ... With Bitcoin, transactions are published to the blockchain and you can prove who made them or to whom, but with Dash the anonymization technology makes it impossible to trace them.

How do you get monero?
Go to www.shapeshift.io . On the righthand side, of the screen, click icon under "Receive" to select Monero. Go back to your circle.com page, hit the "transfer" button, and paste the bitcoin address into the field Enter the amount of bitcoin you would like to spend. You will get a text message verificaiton code.

What is a dash Masternode?
Think of a masternode as a savings account with a minimum deposit of 1,000 DASH. A traditional savings account pays interest, and a masternode pays rewards which are very much like interest. In the case of a masternode, the reward (or interest) comes from performing services for the network.

What is a Cryptonight?
CryptoNight is a proof-of-work algorithm. It is designed to be suitable for ordinary PC CPUs, but currently no special purpose devices for mining are available. Therefore, CryptoNight can only be CPU-mined for the time being. CryptoNight was originally implemented in the CryptoNote codebase.Jun 19, 2014

What is a Cryptonote?
CryptoNote is an application layer protocol that powers several decentralized privacy oriented digital currencies. It aims to be an evolution of the ideas behind bitcoin.

What is hashing power?
The hash rate is the measuring unit of the processing power of the Bitcoin network. The Bitcoin network must make intensive mathematical operations for security purposes. When the network reached a hash rate of 10 Th/s, it meant it could make 10 trillion calculations per second.

Some Bitcoin words Bitcoin provides a new approach to payments and, as such, there are some new words that might become a part of your vocabulary.

What is a Masternode?
Masternodes are computers that run a dash wallet and make decisions, such as locking transactions with InstantSend, coordinate mixing of coins, and voting on budget funding. ... Typically, around 2 dash is paid to each masternode every 7 days. Masternodes enable the following services: InstantSend (instant transactions).

What is a bytecoin?
Bytecoin is an open decentralized cryptocurrency. Anyone interested can join Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature. ... In order to distinguish Bytecoin network from Bytecoin currency, the latter is referred to as BCN.

Dash Mining The foundation of Dash is its blockchain, which is a decentralized ledger of all transactions that have ever taken place. This blockchain is secured through a consensus mechanism called “Proof of Work” (PoW). Through a process called “mining,” people use specialized computers to solve extremely difficult math problems. If their solution is correct, they receive the right to add a new block to the blockchain. Once the network verifies that the problem was correctly solved, a new block is added to the blockchain and the miner is rewarded with Dash currency.

ASIC Miner Hardware
Specialized computers called Application Specific Integrated Circuits (ASICs) are designed to solve Dash’s Proof of Work problems with the greatest possible efficiency. Current Dash ASICs on the market include:

Dash (cryptocurrency) From Wikipedia, the free encyclopedia

Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. On top of Bitcoin's feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash's decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO)

History

Dash was originally released as XCoin (XCO) on January 18, 2014. On February 28, the name was changed to "Darkcoin." On March 25, 2015, Darkcoin was rebranded as "Dash." Dash is a portmanteau of "Digital Cash."

Within the first two days of launch, 1.9 million coins were mined, which is approximately 10% of the total supply that will ever be issued. Creator and lead developer of Dash, Evan Duffield, attributed this to a bug created when the Litecoin code was forked [] to create Dash, "which incorrectly converted the difficulty, then tried using a corrupt value to calculate the subsidy"

Blockchain Blog: What the scheduled Bitcoin hard fork means for Blockchain Wallet Users

Forks Explained a fork is a technical event that occurs because diverse participants need to agree on common rules.

At its most basic, a fork is what happens when a blockchain diverges into two potential paths forward — either with regard to a network’s transaction history or a new rule in deciding what makes a transaction valid.

As a result, those who use the blockchain have to show support for one choice over the other.

Yet, there are many different types of forks, and the science of studying them is still new. So far, we know some forks resolve on their own, but others, fueled by deep rifts in a community, can cause a network to permanently split, creating two blockchain histories — and two separate currencies.

Along with that, there has also been confusion about the various types of forks, how they get activated and the risks they pose.

Before we get into the classifications, it's worth noting that bitcoin forks already occur quite regularly.

A byproduct of distributed consensus, forks happen anytime two miners find a block at nearly the same time. The ambiguity is resolved when subsequent blocks are added to one, making it the longest chain, while the other block gets "orphaned" (or aban'ed) by the network.

But forks also can be willingly introduced to the network. This occurs when developers seek to change the rules the software uses to decide whether a transaction is valid or not.

When a block contains invalid transactions, that block is ignored by the network, and the miner who found that block loses out on a block reward. As such, miners generally want to mine only valid blocks and build on the longest chain.

Following are some of the more common forks and their traits.

Hard fork

A hard fork is a software upgrade that introduces a new rule to the network that isn't compatible with the older software. You can think of a hard fork as an expansion of the rules. (A new rule that allows block size to be 2MB instead of 1MB would require a hard fork).

What happens? Nodes that continue running the old version of the software will see the new transactions as invalid. So, to switch over to the new chain and to continue to mine valid blocks, all of the nodes in the network need to upgrade to the new rules.

What can go wrong? The problem comes when some sort of political impasse arises, and a portion of the community decides to stick by the old rules no matter what. The hash rate, or network computing power, behind the old chain is irrelevant. What matters is that its data (and ruleset) is still perceived to have value, meaning miners still want to mine a chain and developers still want to support it.

The ethereum DAO hard fork was a perfect case study of how a community can split over rules. Now, we have two blockchains using a variant of the software – ethereum and ethereum classic, both of which boast a different ethos and a different currency.

Soft fork

A soft fork, by contrast, is any change that's backward compatible. Say, instead of 1MB blocks, a new rule might only allow 500K blocks.

What happens? Non-upgraded nodes will still see the new transactions as valid (500k is less than 1MB in this example). However, if non-upgraded nodes continue to mine blocks, the blocks they mine will be rejected by the upgraded nodes. This is why soft forks need a majority of hash power in the network.

What can go wrong? When a soft fork is supported by only a minority of hash power in the network, it could become the shortest chain and get orphaned by the network. Or, it can act like a hard fork, and one chain can splinter off.

Soft forks have been the most commonly used option to upgrade the bitcoin blockchain so far because it's argued they present a lower risk of splitting the network. Past examples of successful soft forks include software upgrades like BIP 66 (which dealt with signature validation) and P2SH (which altered bitcoin's address formatting).

User-activated soft fork

A user-activated soft fork (UASF) is a controversial idea that explores how a blockchain might add an upgrade that is not directly supported by those who provide the network's hashing power.

The idea with UASF is that instead of waiting for a threshold of support from mining pools, the power to activate a soft fork goes to the exchanges, wallets and businesses who are running full nodes. (In bitcoin, a full node, even if it is not a mining node, is still responsible for validating blocks.)

What happens? The majority of major exchanges would need to publicly support the change before it could be written into a new version of code. After that, the new software (which has an activation point in the future) gets installed on nodes that want to participate in the soft fork.

What can go wrong? This method requires a much longer lead time to work than a hash-power-triggered soft fork. In fact, it's believed it may take as long as a year or more to write the code and get everyone ready.

Further, if the majority of miners end up not ‘falling in line’ and activating the new rules, they could use their overwhelming hash power to split the network.

Currently this idea is theoretical and has not been implemented.

[The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.]

Once the problem was resolved, Evan offered to relaunch the coin, but the community overwhelmingly disapproved. He suggested an "airdrop" of coins in order to broaden the initial distribution but the community also disapproved of this proposal. As such, the initial distribution was left alone and development of the project continued. The majority of mined coins were distributed on cryptocurrency exchanges in the following months at very low price levels.

The Dash Core Team, responsible for developing the currency, has since grown to 30 full-time employees, 20 part-time employees, and dozens of unpaid volunteers. All Core Team employees are paid from Dash's budget system and therefore are not reliant on 'ations or sponsorships that can lead to conflicts of interest.

According to CoinMarketCap, in June 2017 the daily trade volume of Dash was approximately $100 million per day and the market capitalization of Dash exceeded $1.4 billion. Dash has become the most active altcoin community on BitcoinTalk reaching more than 6400 pages, 133k replies, 7.9M reads.

Governance and funding

Dash is the first decentralized autonomous organization powered by a Sybil proof decentralized governance and funding system.

Decentralized Governance by Blockchain (DGBB), often referred to simply as the "treasury system" is a means of coming to consensus on proposed network changes and funding development of the Dash ecosystem. Ten percent of the block rewards go to this "treasury" in order to pay for projects that benefit Dash.

Funding from the treasury system has been used to hire additional developers and other employees, to fund attendance at conferences, and to fund integrations with major exchanges and API providers.

Each masternode operator receives one vote. Proposals are eligible for funding according to the following formula: (YES VOTES - NO VOTES) > (TOTAL NUMBER OF MASTERNODES * 0.1). If there are more proposals that meet that criterion than there are budget funds for the month, then the proposals with the highest number of net votes will be paid.

Community interaction with proposal submitters is 'e through the dash.org forums, or through community-driven websites, like DashCentral. These websites allow proposal submitters to provide multiple drafts, then lobby for community support before finally submitting their project to the network for a vote.

After the submitter has enough support, the network will automatically pay out the required funds in the next super block, which happens monthly.

The funding system has seen revenue growth. In September 2015, the treasury system provided $14,000 in funding per month. Due to increases in the value of Dash, as of May 2017 the treasury system provides over $650,000 per month in funding. The treasury system has created a positive feedback loop, whereby additional development increases the value of Dash, which increases the amount of funding provided by the budget system.

Dash (DASH) price stats and information

COINDASH Coindash is your tool to manage, track, analyse, and get a birds eye view of your crypto assets.

Blockchain U: Arizona State and Digital Currency: the risks of investing in cryptocurrency Very volatile. Scams are rampant. IRS goes after people who ''t report gains.

Dash’s Past, and Future: An Editorial At press time, Dash has a market capitalization of nearly $3 billion and is one of the oldest-surviving altcoins. The project is about to host its first conference, Dash Conference 2017 in Lon', and is funding the largest cryptocurrency sponsorship in history.

So how did we get here? In my opinion, it comes down to two things: the founder’s genius and Dash’s treasury system.

Down memory lane

My involvement with Dash, then called Darkcoin, began just before the launch of “release candidate 3,” or “RC3” for short. The launch failed, causing uncontrollable forking across the network. Evan fixed some bugs and tried to launch the upgrade again. Once again, the network forked repeatedly and the code had to be rolled back.

When anybody asks why Dash succeeded while so many other altcoins failed, the first thing I do is point to Evan. His genius and determination carried Dash through the early months and years. When faced with the failure of RC3, Evan came up with another plan: he could launch a hard fork by starting it off as a soft fork.

With a soft fork, all the clients on the network are still compatible. Only upgraded clients can use the new features, but all clients interact with each other without destabilizing the network. However, the changes Evan wanted to make with RC3 would require a hard fork that would make older, non-upgraded nodes incompatible. Unless the vast majority of nodes upgraded at the exact same time, chaos would ensue.

Evan realized that he could ask the network to upgrade to the new RC3 software, but leave the incompatible bits of the upgrade turned off. Then, once an overwhelming majority of the network had upgraded, he could send a message to the network to turn the new code “on.” At this point there would no longer be any danger to the network, since virtually everybody had upgraded and would be running the same version.

This approach worked, and has been used in every Dash software upgrade since RC3. The community affectionately labelled the new method “the spork.”

Treasury

In August 2015, a new feature was added to Dash: the treasury system. Officially called “decentralized governance by blockchain,” the system would allow masternode owners to vote on budget proposals. These proposals would be funded directly by the Blockchain from a portion of the block reward.

A digital currency had finally come up with a way to fund itself without depending on 'ations. Not only that, but Dash now had a governance system that would allow the owners of Dash’s currency to vote on the direction the project should take.

The market reacted to this revolution...not at all. The price didn’t budge.

In time, however, the treasury system would become Dash’s quintessential feature. As Evan correctly predicted:

“To guarantee the long term sustainability of the blockchain, the network would keep a portion of the block rewards in escrow and the masternode operators would be tasked to act as stewards and invest in the maintenance and expansion of the network. This will result in faster development and promotion, creating a virtuous cycle that benefits all actors, including miners, masternode operators, investors and users. More importantly, this gives the blockchain itself a self-preservation mechanism that is beyond the control of any individual.”

Just two years ago, Dash’s monthly treasury budget was $15,000. Today it’s $2.4 million.

Keiser sponsorship
The Dash network recently approved the largest-ever cryptocurrency sponsorship, paying $500,000 to sponsor Max Keiser’s “Great American Pilgrimage” tour. The tour is hosted by the RT network, reaching 700 million global viewers.

CT: Can Dash co-exist with Bitcoin and Ethereum, or must there eventually only be one "winner"

MK: The crypto market is heading to $5 trillion and above. There will be many winners.

CT: In your opinion, what is the single most important part of Dash? Can you pinpoint any one thing that will drive its success?

MK: The governance model is outstanding. The community is fantastic.

Thoughts on the future
A working governance and funding model gives Dash a big advantage in the marketplace. As Max says, however, this is no zero-sum industry. As digital currency becomes mainstream, many different currencies are likely to thrive. Now is not the time to grow insular and proclaim that only “our” coin will survive. A rising tide lifts all boats.

Bitcoin Mag. Op Ed: A Closer Look Into DASH (Part 1) Digital Cash (DASH) is a proof of work digital currency with self-governance and self-funding capabilities through the use of masternodes (MNs).

DASH has the following block-reward structure:

- 45 percent of block rewards for DASH go to miners

- 45 percent goes toward MNs

- 10 percent goes toward the Decentralized Governance Budget

In order to set up a masternode, 1000 DASH is required as collateral. MNs help to secure the DASH network and allow for DASH users to send private transactions through PrivateSend (a form of coin mixing). MNs are also able to vote on how the Decentralized Governance Budget is used.

Bankless Times: Dash, BlockCypher launch grant program for blockchain-focused companies


Forks

A Short Guide to Bitcoin Forks. ... At its most basic, a fork is what happens when a blockchain diverges into two potential paths forward — either with regard to a network's transaction history or a new rule in deciding what makes a transaction valid.Mar 27, 2017

Forks Explained a fork is a technical event that occurs because diverse participants need to agree on common rules.

At its most basic, a fork is what happens when a blockchain diverges into two potential paths forward — either with regard to a network’s transaction history or a new rule in deciding what makes a transaction valid.

As a result, those who use the blockchain have to show support for one choice over the other.

Yet, there are many different types of forks, and the science of studying them is still new. So far, we know some forks resolve on their own, but others, fueled by deep rifts in a community, can cause a network to permanently split, creating two blockchain histories — and two separate currencies.

Along with that, there has also been confusion about the various types of forks, how they get activated and the risks they pose.

Before we get into the classifications, it's worth noting that bitcoin forks already occur quite regularly.

A byproduct of distributed consensus, forks happen anytime two miners find a block at nearly the same time. The ambiguity is resolved when subsequent blocks are added to one, making it the longest chain, while the other block gets "orphaned" (or aban'ed) by the network.

But forks also can be willingly introduced to the network. This occurs when developers seek to change the rules the software uses to decide whether a transaction is valid or not.

When a block contains invalid transactions, that block is ignored by the network, and the miner who found that block loses out on a block reward. As such, miners generally want to mine only valid blocks and build on the longest chain.

Following are some of the more common forks and their traits.

Hard fork

A hard fork is a software upgrade that introduces a new rule to the network that isn't compatible with the older software. You can think of a hard fork as an expansion of the rules. (A new rule that allows block size to be 2MB instead of 1MB would require a hard fork).

What happens? Nodes that continue running the old version of the software will see the new transactions as invalid. So, to switch over to the new chain and to continue to mine valid blocks, all of the nodes in the network need to upgrade to the new rules.

What can go wrong? The problem comes when some sort of political impasse arises, and a portion of the community decides to stick by the old rules no matter what. The hash rate, or network computing power, behind the old chain is irrelevant. What matters is that its data (and ruleset) is still perceived to have value, meaning miners still want to mine a chain and developers still want to support it.

The ethereum DAO hard fork was a perfect case study of how a community can split over rules. Now, we have two blockchains using a variant of the software – ethereum and ethereum classic, both of which boast a different ethos and a different currency.

Soft fork

A soft fork, by contrast, is any change that's backward compatible. Say, instead of 1MB blocks, a new rule might only allow 500K blocks.

What happens? Non-upgraded nodes will still see the new transactions as valid (500k is less than 1MB in this example). However, if non-upgraded nodes continue to mine blocks, the blocks they mine will be rejected by the upgraded nodes. This is why soft forks need a majority of hash power in the network.

What can go wrong? When a soft fork is supported by only a minority of hash power in the network, it could become the shortest chain and get orphaned by the network. Or, it can act like a hard fork, and one chain can splinter off.

Soft forks have been the most commonly used option to upgrade the bitcoin blockchain so far because it's argued they present a lower risk of splitting the network. Past examples of successful soft forks include software upgrades like BIP 66 (which dealt with signature validation) and P2SH (which altered bitcoin's address formatting).

User-activated soft fork

A user-activated soft fork (UASF) is a controversial idea that explores how a blockchain might add an upgrade that is not directly supported by those who provide the network's hashing power.

The idea with UASF is that instead of waiting for a threshold of support from mining pools, the power to activate a soft fork goes to the exchanges, wallets and businesses who are running full nodes. (In bitcoin, a full node, even if it is not a mining node, is still responsible for validating blocks.)

What happens? The majority of major exchanges would need to publicly support the change before it could be written into a new version of code. After that, the new software (which has an activation point in the future) gets installed on nodes that want to participate in the soft fork.

What can go wrong? This method requires a much longer lead time to work than a hash-power-triggered soft fork. In fact, it's believed it may take as long as a year or more to write the code and get everyone ready.

Further, if the majority of miners end up not ‘falling in line’ and activating the new rules, they could use their overwhelming hash power to split the network.

Currently this idea is theoretical and has not been implemented.

[The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.]

Once the problem was resolved, Evan offered to relaunch the coin, but the community overwhelmingly disapproved. He suggested an "airdrop" of coins in order to broaden the initial distribution but the community also disapproved of this proposal. As such, the initial distribution was left alone and development of the project continued. The majority of mined coins were distributed on cryptocurrency exchanges in the following months at very low price levels.

The Dash Core Team, responsible for developing the currency, has since grown to 30 full-time employees, 20 part-time employees, and dozens of unpaid volunteers. All Core Team employees are paid from Dash's budget system and therefore are not reliant on 'ations or sponsorships that can lead to conflicts of interest.

According to CoinMarketCap, in June 2017 the daily trade volume of Dash was approximately $100 million per day and the market capitalization of Dash exceeded $1.4 billion. Dash has become the most active altcoin community on BitcoinTalk reaching more than 6400 pages, 133k replies, 7.9M reads.

Governance and funding

Dash is the first decentralized autonomous organization powered by a Sybil proof decentralized governance and funding system.

Decentralized Governance by Blockchain (DGBB), often referred to simply as the "treasury system" is a means of coming to consensus on proposed network changes and funding development of the Dash ecosystem. Ten percent of the block rewards go to this "treasury" in order to pay for projects that benefit Dash.

Funding from the treasury system has been used to hire additional developers and other employees, to fund attendance at conferences, and to fund integrations with major exchanges and API providers.

Each masternode operator receives one vote. Proposals are eligible for funding according to the following formula: (YES VOTES - NO VOTES) > (TOTAL NUMBER OF MASTERNODES * 0.1). If there are more proposals that meet that criterion than there are budget funds for the month, then the proposals with the highest number of net votes will be paid.

Community interaction with proposal submitters is 'e through the dash.org forums, or through community-driven websites, like DashCentral. These websites allow proposal submitters to provide multiple drafts, then lobby for community support before finally submitting their project to the network for a vote.

After the submitter has enough support, the network will automatically pay out the required funds in the next super block, which happens monthly.

The funding system has seen revenue growth. In September 2015, the treasury system provided $14,000 in funding per month. Due to increases in the value of Dash, as of May 2017 the treasury system provides over $650,000 per month in funding. The treasury system has created a positive feedback loop, whereby additional development increases the value of Dash, which increases the amount of funding provided by the budget system.


Bitcoin Cash

Wikipedia: Bitcoin Cash Bitcoin Cash (BCH/BCC) is a hard fork of the cryptocurrency bitcoin. The fork occurred on August 1, 2017

On July 20, 2017, the bitcoin miners voted, 97% in favor, on the Bitcoin Improvement Proposal (BIP) 91. The proposal, by Bitmain Warranty engineer James Hilliard, was to activate Segregated Witness (SegWit).

Tax implications: Americans wondering whether their acquisition of Bitcoin Cash is taxable as income, or not taxable as a division of property, have received no guidance from the Internal Revenue Service.

Bitcoin Cash homepage Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash.

New Features:

On Chain Scalability
New Transaction Signatures
New Difficulty Adjustment Algorithm (DAA)
Decentralized Development

What is Bitcoin Cash?

Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

Is Bitcoin Cash different from 'Bitcoin'?

Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

Why was a fork necessary to create Bitcoin Cash?

The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate.

Does Bitcoin Cash fix these problems?

Yes. Bitcoin Cash immediately raised the block size limit to 8MB as part of a massive on-chain scaling approach. There is ample capacity for everyone's transactions.

Low fees and fast confirmations have returned with Bitcoin Cash. The network is growing again. Users, merchants, businesses, and investors are building the future with real peer to peer cash.

Cryptocurrency Market Capitalizations Bitcoin Cash (BCH) $1182.40 as of 11/21/17

Why the Bitcoin network just split in half and why it matters Two rival versions of Bitcoin might be better than one.

On Tuesday, a faction of the Bitcoin community launched an audacious experiment: a new version of Bitcoin called Bitcoin Cash that's incompatible with the standard version. As a result, the Bitcoin network split into two mutually incompatible networks that will operate side-by-side.

The confusing result is that if you owned one bitcoin before the split you own two bitcoins now: one coin on the original Bitcoin network, and a second coin on the new Bitcoin Cash network. The two coins have the same cryptographic credentials, but they have very different values if you sell them for old-fashioned dollars. On Wednesday morning, one standard Bitcoin was worth about $2,700, while—on paper at least—a unit of Bitcoin Cash was worth around $600.

Getting Bitcoin Cash off the ground is a remarkable achievement. The big question now is whether the network's supporters can keep it aloft in the coming weeks and months. So far, most of the Bitcoin community has chosen to stick with the mainstream Bitcoin software and network. If Bitcoin Cash can't attract a critical mass of users and businesses, the rival payment network could wither on the vine.

If Bitcoin Cash does achieve critical mass, on the other hand, its future could be bright. It was created by Bitcoin supporters worried about growing congestion in the mainstream bitcoin network that has led to slow payment processing and high fees. Bitcoin Cash removes an important technical obstacle that has hampered the growth of the mainline Bitcoin network. In principle, that could allow Bitcoin Cash to become more widely used—and hence more valuable—in the long run.

Forking the blockchain allows the creators of Bitcoin Cash to position themselves as the true heirs to Bitcoin's still-pseu'ymous founder Satoshi Nakamoto. The Bitcoin Cash faction views themselves not as creating an alternative to Bitcoin, but as laying the groundwork for the next stage of Bitcoin's growth. They believe that the higher block limit will allow Bitcoin Cash to overtake the standard Bitcoin network in transaction volume, eventually making it the most popular version of the technology.

In the short term, one of Bitcoin Cash's big challenges will be a shortage of miners. These are the people who participate in Bitcoin's decentralized transaction-clearing process. Bitcoin miners race to solve a hard mathematical problem—calculating hash functions over and over again until they find one starting with a minimum number of zeros—and the first miner to solve the problem gets to add a block to the blockchain and claim a reward of 12.5 bitcoins. The network periodically adjusts the difficulty of the problem to ensure that it's solved every 10 minutes, on average.

The difficulty of this problem was calibrated to the amount of computing power that existed on the Bitcoin network prior to the split. But only a small minority of computers that had been mining on the main Bitcoin network have switched to Bitcoin Cash. With less computing power, Bitcoin Cash miners are finding blocks much more slowly: fewer than once per hour, on average, compared with once every 10 minutes on the main blockchain. That means users of Bitcoin Cash will need to wait a lot longer—hours rather than 30 to 60 minutes—to be sure that their Bitcoin Cash payments are final.


Bitcoin Gold

Bitcoin Gold homepage Bitcoin Gold is a fork of the Bitcoin blockchain. At block 491407, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency is born.

The purpose of Bitcoin Gold is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.

By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain. Thus, Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralized, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.


News Links

Dash News

Cryptocurrency statistics

CryptoVoices Cryptoeconomics & Liberty: podcasts and education

Bitcoin News

CoinTelegraph: The Future of Money news, analytics, explanations

Bankless Times BanklessTimes is dedicated to bringing the latest news, transparency, and accountability to alternative business and consumer finance. [lots on cryptocurrency]

We are focused on the rapidly growing alternative finance market, including peer-to-peer lending, crowdfunding, private consumer credit, online banking and savings, real estate crowdfunding, investments and more. BanklessTimes is meta-site publishing model publishing original content.

With Regulation A+ and a continued move towards the mainstream, alternative finance is disrupting the status quo so it is clear it will not be alternative for long.

We’re continuously breaking news on industry moves, and we provide borrowers and private lenders the information they need to challenge the status quo in banking and finance, so they can make informed lending and borrowing decisions and do better financially.

We provide original, in-depth reporting on alt-fi like no other outlet.

We are the top site devoted to alternative finance news and information.

How to Run a Blockchain on a Deserted Island with Pen and Paper


If you’re ever stranded on a deserted island, knowing how to run the process of decentralized consensus — or in other words, operate a very simple blockchain by hand — can prove to be very useful. All you need is some fellow survivors, this post, a pen and a few pieces of paper.

If you’re not certain this skill is useful for your survival, be sure to read my last post on how blockchain can vastly improve island life.


Articles

7 Ways Bitcoin Will Make You Rethink Money Forever There’s a persistent rumor in the cryptocurrency space that even the Queen of England wanted to get on board. Apparently, it didn’t go too well…

Maybe try again after tea.

Thinking more deeply about this joke, a big factor in why we can spend the money that’s in our wallet actually is whose face is on it. Or which flag. You and I agree that the $1 bill with George Washington on it has a certain value and hence, we can use it as currency. If you now offer to sell me a pretzel for one dollar and I agree that that’s a reasonable substitute compared to what else I could get for Mr. Washington’s face, then we can make that trade.

Bitcoin is about to change ALL of that. And that’s why we’re here.

The memory of my first trip down the cryptocurrency rabbit hole is still very fresh. I’ve spent countless hours clicking, scrolling, and reading, never knowing what to believe. Hopped up on caffeine, I vibrated in my chair, anxious about where to put my money and whether I’d ever see it again. And yet I came home with only more questions.

The Crypto Times

At The Crypto Times, I hope to spare you at least some of that trouble. In 1668, Thomas Hobbes wrote in Leviathan that “knowledge is power.” That’s precisely why it’s such a great weapon to deal with curiosity, skepticism and fear. The key to understanding anything, whether that’s a natural disaster, historic event, or huge price action of a new currency, is to learn what lies behind the facade that’s in the news.

That’s why I want to show you seven core features and themes of Bitcoin and cryptocurrencies. It’s a short introduction for beginners to make crypto feel a little less cryptic.

1. Decentralization [Decentralized is just a fancy word for “without middlemen.”]

2. Transparency

One of the most popular arguments old financial institutions and important figures in the traditional finance space make against Bitcoin is that people will abuse it for money laundering, buying drugs, and financing wars. But wait, what could criminals have used before 2008, when Bitcoin wasn’t around? Oh, that’s right, the money we have now.

3. Security

Think about how often you spend cash and don’t automatically get a receipt. At least in Germany it’s common practice. At the bar. At the restaurant. At the dry cleaner’s. That’s kinda sketchy, isn’t it? No confirmation of payment whatsoever. Maybe that’s why credit card fraud is a $200 billion per year “industry.”

Aside from the public transaction history that’s built into Bitcoin and all other cryptocurrencies, which makes tracking your money easier, the way this transaction history is created is also a lot more secure than trusting a stranger with your money or credit card info.

4. Control

If your bank sees your balance declining too much, or you have a couple of weeks in the red, they freeze your account. When PayPal’s algorithm flags one of your transactions, they freeze your account. And if eBay doesn’t like how much profit you make, they freeze your account.

With Bitcoin, no one but you controls your money.

5. Boundlessness

Since anyone with an internet connection can participate in a blockchain network like Bitcoin, the system is limitless. It knows no physical, national or geographical boundaries. It’s always liquid and always available. There are no exchange rates, very low fees and very little chances of a total system failure. After all, you’d have to shut down the entire internet!

Imagine being able to send money to your relatives far away directly, or straight to someone who needs it in a third world country, without conversions and banks taking forever to process your transfer.

That’s one of the most powerful features of cryptocurrencies and it’ll slowly transform how we use money forever.

6. Saving

Another buzzword you’ll often see is “store of value.” It’s often used when people say Bitcoin is “digital gold.” It indicates that one of the primary uses of Bitcoin is to maintain the value of your money. So far it’s been a great way to not just “store” your value, but to greatly increase it.

Interest rates around the world have been close to zero for almost a decade. If you put your money into a savings account, it won’t even outpace inflation, leaving you with less buying power than you’ve had before. Some banks even have negative interest rates, forcing you to pay money to keep yours in their safe. That’s insane!

Since Bitcoin’s supply is limited, it will never exceed 21,000,000 coins, its increase in value is likely to continue, at least in the long term. The community is a bit divided as to whether it should be like this, or if a more liquid, currency-like Bitcoin is the way to go. In theory, both are possible.

Until now, it has proven to be a great way to save for the future, whether you want a comfy retirement, a college fund for your kids, or just a Lambo

7. Meritocracy

The quote is often misattributed to Einstein, but it’s interesting nonetheless:

“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t pays it.”

Whoever said it, they’re right. And compound interest is just one of the many design flaws in our monetary system that rarely make it fair. Bankers, sports stars, and movie celebrities are paid astronomical sums without taking on any risk. Meanwhile, doctors, nurses, political decision-makers, and teachers often walk away with a lot less while carrying way more responsibilities.

That’s not fair. And while Bitcoin’s governance mechanism is far from perfect, it’s taken more steps in the right direction than traditional politics have for years. Take the way Bitcoins are created, for example: mining. In this process, whoever commits a lot of computing power to forming, maintaining and updating the blockchain is rewarded with newly minted coins. This is called “Proof of Work” and while it’s still environmentally wasteful, it’s a move towards meritocracy. A move away from printing money at will and towards rewarding people for their efforts, not their status.

Again, it’s far from perfect, but it looks like continuing down this path can bring a lot of fairness into a really broken system.

Something Larger Than Ourselves

Here’s what Naval Ravikant, one of crypto’s premier thinkers, said about the subject in his first periscope:

“Once you figure it out, it’s hard to think about anything else. It’s hard to think that there’s any other thing that’s going on that’s as important. Now, of course it’s probably not true; it’s a big and complicated world and there’s lots and lots of important things going on. [But] anyone who’s interested in the intersection of politics, economics, technology, [and] finance will just find cryptocurrency and blockchains to be this really interesting rabbit hole.

I think humans have created something that’s larger than ourselves. It’s like when we first invented markets. When you invent something that big, it’s hard for anyone to figure out how it works. We are all now collectively trying to figure out how to describe it and what its properties are. It almost feels like there’s this organism larger than ourselves that we’re all working on co-evolving.”

It all takes a while to settle, but once the gears start clicking into place in your head, your eyes will slowly open to the massive potential of this technology and why it’s important that you understand it. Regardless of which side you take, or how much you’re interested in investing.

{Unless, of course, humans, with their greed and haplessness, screw it all up!] Bitcoin’s Need For Electricity Is Its ‘Achilles Heel’ Forbes, By Frances Coppola, May 30, 2018

Bitcoin’s advocates claim that it is immune from government control. “It can’t be shut down,” they say. This might have been true in the early days, when Bitcoin could be mined on an ordinary laptop. But in these days of giant mining farms, Bitcoin desperately needs abundant cheap electricity supplies. Without access to abundant electricity, Bitcoin mining can’t continue, and without mining, Bitcoin is dead. And ultimately, electricity supply is controlled by governments.

Bitcoin’s desperate need for electricity arises from its Proof of Work (POW) protocol. POW is often described as “complicated puzzles” that Bitcoin miners must solve in order to earn the right to verify a block of transactions and claim the mining reward of (currently) 12.5 new bitcoins plus transaction fees. In this article [ Explaining Hash Rate Or Hash Power In Cryptocurrencies... https://coinsutra.com/hash-rate-or-hash-power/ ], for example, the author explains POW thus: “These computations for finding the blocks are basically mathematical puzzles that a miner cannot just guess without a lot of computation.”

This gives the impression that hard-working miners with advanced computer equipment will win out. This is true. But it is not because the “puzzles” require analytical power. The reality is much more mundane.

What POW does is generate a hash (a sequence of digits). Miners have to find out what the sequence is. But it’s very misleading to describe this as a “puzzle” that can be “solved”. There are no clues, no logic. There is only a hash. So guessing is all that miners can do. The more guesses per second miners can come up with, the better their chance of guessing the right sequence before another miner does. It’s rather like a lottery. The more tickets you buy, the better your chances of winning. That’s all. No analytical ability is needed. No problem-solving ability. Just a very, very fast computer - and access to unlimited electricity.

The famous “difficulty adjustment,” which forces miners to work harder for their rewards when the Bitcoin price rises, simply makes the hashes longer and therefore harder to guess. There is absolutely no intelligence involved. No-one has to apply their brains. The “complicated puzzles” are a myth.

The number of guesses per second needed to mine a block is known as the “hashrate,” and it rises in line with the difficulty. To maintain hashrate as the difficulty rises, miners need faster computing equipment. So a rising Bitcoin price creates an “arms race” among miners. They must constantly upgrade to more advanced equipment or lose out to other miners.

Unsurprisingly, the computer hardware industry has responded to the demand for ever faster processing. Gone are the days when anyone could mine Bitcoin on an ordinary laptop. These days, you need a specialist mining rig with a dedicated processor known as an Application-Specific Integrated Circuit (ASIC). These things don’t come cheap.

As with all hardware-intensive enterprises, those with the most bucks inevitably have the advantage. So miners have grouped together into “pools”, sharing resources and benefiting from economies of scale, which helps them to gain market share. Bitcoin mining is now dominated by three big pools, which together account for 55% of total hashpower.

About 80% Bitcoin mining is currently done in China. But it is growing in other places too: Iceland, Japan, Georgia, the Czech Republic, India, parts of the United States, Venezuela. Anywhere with cheap and abundant electricity, in fact. This is because, despite the hardware “arms race,” by far the biggest cost for Bitcoin miners is electricity.

POW uses enormous amounts of electricity. According to the Bitcoin Energy Consumption Index, Bitcoin mining globally uses about as much energy as the Czech Republic. This is to process (currently) about 2.5 transactions per second. Proof of Work might be better named “Proof of [Electricity] Waste.”

Furthermore, if the Bitcoin price rises further - as many have predicted - electricity consumption will also rise. This is a feature, not a bug. The difficulty adjustment is intended to increase electricity usage and hence mining cost as Bitcoin’s price rises.

Some governments are already starting to deny Bitcoin miners access to public electricity grids. In January 2018, China’s central bank told local authorities to curb mining activity by limiting access to power. China’s Caixin magazine said that local regulators would “take action to ensure that Bitcoin miners no longer receive preferential policies for electricity prices, taxes or land use.”

In the United States, local authorities are becoming increasingly concerned about the impact of Bitcoin mining on ordinary electricity users. In March, the city of Plattsburgh, New York, banned new commercial cryptocurrency mining operations after Bitcoin mining exceeded Plattsburgh’s own generating capacity and it was forced to buy in more expensive electricity. Chelan County in Washington state followed suit shortly afterwards as new mining operations threatened to overwhelm public grids.

There is also growing concern about the environmental cost of Bitcoin’s POW protocol. In February, Italy’s state-owned electricity supplier refused to supply energy to Bitcoin miners on environmental grounds, saying it had “undertaken a clear path towards decarbonisation and sustainable development” and saw “intensive use of energy dedicated to cryptocurrency mining as an unsustainable practice that does not fit with the business model it is pursuing.”

Some electricity suppliers, such as Canada’s Hydro-Quebec, have taken to rationing electricity supply, picking the miners they want to support while refusing access to others. In an interview with my Forbes colleague Aaron Stanley, Hydro-Quebec’s spokesman Marc-Antoine Pouliot said they were looking for the “best players”, and went on to define these as “the most serious, the most durable and [those that] offer the most benefits for Quebec.”

Bitcoin miners (pool members) that I have spoken to mostly seem to think public grids are obliged to provide them with all the energy they like as long as they pay for it. But the reality is that public energy suppliers have social and political priorities too. Increasingly, supporting Bitcoin mining at the expense of their own communities is not among them.

Even when electricity suppliers are private companies, those companies typically supply electricity under license from government and are subject to government regulation. They are also under pressure from their home markets to keep electricity prices down for ordinary households and businesses, and to reduce the carbon-intensity of electricity production. Providing electricity to Bitcoin miners may not make commercial sense for them.

As miners become ever more desperate for cheap electricity sources, some are resorting to power theft. In April 2018, police in China’s Tianjin Municipality seized 600 Bitcoin mining computers and other equipment after the local electricity supplier reported a power drain. South China Morning Post said “an investigation found that the junction box of the suspected power user’s electricity meter had been short-circuited — a typical way to avoid billing.” On a much smaller scale, device hijacking is becoming common: only a couple days ago, my computer’s firewall rejected an attempt by a Bitcoin miner to hook into my domestic electricity supply by “borrowing” CPU capacity.

But why don’t miners develop their own energy sources? Some are starting to do exactly that. But it’s not easy. Lead times for building, say, a new hydroelectric plant are long, and Bitcoin miners need energy fast. But there is an even bigger obstacle. Land.

Electricity generation on the scale needed for Bitcoin mining requires land. Lots of it. Coal mines, hydro plants, solar and wind farms — all of them need land. And there is nowhere on this planet where use of land is not controlled by government, one way or another. Will governments be prepared to dedicate ever larger tracts of land to electricity generation for cryptocurrency miners? It seems unlikely. However you look at it, as Bitcoin’s energy demand increases, cheap abundant electricity supplies for Bitcoin miners will dwindle.

Predictably, Bitcoin miners downplay both their energy usage and the threat it poses to ordinary people, ordinary businesses and the planet that they occupy. They say that sites such as the Bitcoin Energy Consumption Index overstate electricity usage, that Bitcoin mining is no more expensive than conventional finance, that mining is only using surplus electricity that is not needed by other users, and that anyway mining is a beneficial activity that brings prosperity to the places that host it. Sadly there is little evidence to support their claims, and in parts of the U.S. it is clear that the third claim — that mining only uses surplus electricity — is actually untrue.

But even if Bitcoin miners’ claims were true, Bitcoin would still be completely dependent on government for its electricity supply, one way or another. It is anything but immune from government power, as its advocates claim. Bitcoin’s need for electricity is its Achilles heel.

The Web 3.0: The Web Transition Is Coming Aashish Sharma is a Founder and Blogger at https//www.entrepreneuryork.com, specializing in Social Media and Digital Marketing. Aug 26, 18

Transitioning from web 2.0 to the 3.0 version is going to likely go unnoticed by most people. The applications are going to look almost exactly like what you are currently using, but the change will be on the back-end. If you are a betting man you will want to consider Siacoin for Cloud, Steemit as a platform for social media, and even Augur as the way to check out future betting events.

Once you start to see the release of the first blockchain item that works right, you will likely see people leaving 2.0 and going to the 3.0. That is because the developers will have technology and user friendly tech of web 2.0, but they will have the start of the 3.0 which is supposed to be even easier.


In this segment here we are going to look at different companies and segments of web 2.0 and let you know which of the projects from blockchain are going to chance this and lead the evolution to web 3.0.

The payment methods that people are using currently usually go through credit card companies, the bank, or even PayPal. these are going to be the places that are responsible for getting the money and making sure it is moved properly, but also keep any theft from happening in the transaction.

With all this type of work the organizations often have a lot of cost. This type of cost and security that is required is what has kept the fees so high for these companies you are going to be using.

According to David Sessford of Ready Steady Sell with the emergence of cryptocurrency you will notice that a lot of the security concerns are going to vanish and the cost of doing a transaction will be quite a bit lower. Some of the currencies that are currently being used around the world include Zcash, Monero, Bitcoin, and Litecoin. All that the users have to get is access to the Internet and a device to keep the wallet on. If you are selling products then you just need to get a company like Bitpay to integrate the crypto currency into your payment system.

Since this is going to be a smooth transition, though, you will notice that it will happen without even using the crypto currency. This means you will still be able to use the methods that you are used to, rather than trading on the crypto exchanges that have been all over the place recently on the value of the coins.

You will find that Stellar Lumens is a company that is dedicated to disrupting the payment methods by connecting all the systems together from the banks, the users, and even the payment systems. This is going to allow for faster transactions around the globe. This does not have to be done in crypto even, but can be done in any type of currency. When you are using Stellar Lumens you will not even realize that you are using a cryptocurrency to get the work done because the transactions are run on the backend of the currency.

Stellar Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny.

Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.

The Request Network is another one that is seen as a major competitor for PayPal. This is a platform that will let you to make payment request from anyone at any time. When you are making payments here they are done using blockchain, which is going to remove the third party, but still get paid in full securely.

Request network A decentralized network for payment requests

A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment.

What is even better is the guys at Request Network know that people do not want to deal with cryptocurrency yet, and since this is the case they have implemented different programs to make the request easier for people with any currency. Since they are using the blockchain technology, though, the network has a major advantage in the fact that they can do the transactions for a significantly lower fee.

Most of the people are going to continue to use social media, but even then we all see it has some serious flaws in the way it works. Some of those include Facebook scandals, the mechanisms that are used to make you see what Instagram or Twitter wants you to see, but also the way the advertising is done is flawed.

The main issue that you have to deal with here is how the information you have on these sites can be used against you and easily invade your privacy. For instance you do not want to have your friends going through your browser history, but the social media sites do this by scanning your cookies and then will make a profile based on your history and then sells it.

And while the cats are cute we want to use the phone to entertain us and keep us in contact with friends we normally would not hear from. So we cannot bring ourselves to leave social media because of this.

Steemit is going to be the solution with its blockchain technology that is leading the way in social media development to web 3.0. This platform is one that has its own model that the creators of the content are curated by a group of peers. When the content gets upvoted by having good quality, it is going to cause a microtransaction of Steem, which is the currency that is used here.

Steemit Your voice is worth something
Get paid for good content. Post and upvote articles on Steemit to get your share of the daily rewards pool.

Trending What is Tauchain & Why It Could Be One of The Greatest Inventions of All Time (Part 1) kevinwong (75) in blockchain

In anticipation of Tau's demo some time around the end of this year, I'd be publishing a series of articles leading up to its release and beyond on Steem. If you would like to get to know what some of us think is going to be one of the greatest inventions of all time, I'd recommend you to check out http://idni.org. [Tau is a decentralized blockchain network intended to solve the bottlenecks inherent in large scale human communication and accelerate productivity in human collaboration using logic based Artificial Intelligence.] It seems like a foundation that we've missed out on building together since the birth of the Internet.

A close resemblance of this project is the Semantic Web [a proposed development of the World Wide Web in which data in web pages is structured and tagged in such a way that it can be read directly by computers. "the Semantic Web could usher in a golden age of information access"], although some of us would place Tau as being far more ambitious in scope, oddly in a way that is likely more feasible with its ingenious use of a logic blockchain to power a decentralized social choice platform. I think it's impressive how singular the concept actually is, despite the unavoidable lengthy explanations that come paired with the many first-time features that Tau will provide.

Without further ado, let's explore this world-changing technology that is currently baking in the oven.

What is Tau?

Tau is a decentralized blockchain network intended to solve the bottlenecks inherent in large scale human communication and accelerate productivity in human collaboration using logic based Artificial Intelligence. [http://idni.org]

Sounds fairly straight-forward at first glance, and to me, it really stands out in the cryptosphere. We now have millions and billions of people using the Internet everyday, yet we still do not have any effective means of discussing and collaborating without being all over the place. Sure, we may have been pouring a lot of our time and effort into various platforms trying to connect with others, but have things been really any different compared to a time before the Internet?

The speed of information propagation has increased by orders of magnitude, and we can reach anyone on the planet now, but it's still really up to us to be present and be able to process information in our heads before turning them into relevant knowledge for our networks.

Turns out, we have been experiencing a lot of trouble coming to terms with the chatter of billions of people in cyberspace. The bottlenecks inherent in our human bandwidth remain to be unsolved even with near-instantaneous communications. From governments to corporations and blockchain communities, we are all still facing the age-old problem of being unable to scale governance beyond the size of a classroom. It's just difficult to get our points across to many different people, let alone making sense of complex long-term discussions and making network-wide decisions collaboratively.

The introduction to The New Tau written by Ohad Asor explains our situation quite accurately:-

Some of the main problems with collaborative decision making have to do with scales and limits that affect flow and processing of information. Those limits are so believed to be inherent in reality such that they're mostly not considered to possibly be overcomed. For example, we naturally consider the case in which everyone has a right to vote, but what about the case in which everyone has an equal right to propose what to vote over?

In small groups and everyday life we usually don't vote but express our opinions, sometimes discuss them, and the agreement or disagreement or opinions map arises from the situation. But on large communities, like a country, we can only think of everyone having a right to vote to some limited number of proposals. We reach those few proposals using hierarchical (rather decentralized) processes, in the good case, in which everyone has some right to propose but the opinions flow through certain pipes and reach the voting stage almost empty from the vast information gathered in the process. Yet, we don't even dare to imagine an equal right to propose just like an equal right to vote, for everyone, in a way that can actually work. Indeed how can that work, how can a voter go over equally-weighted one million proposals every day?

All known methods of discussions so far suffer from very poor scaling. Twice more participants is rarely twice the information gain, and when the group is too big (even few dozens), twice more participants may even reduce the overall gain into half and below, not just to not improve it times two.

It turns out that under certain assumptions we can reach truly efficiently scaling discussions and information flow, where 10,000 people are actually 100 times more effective than 100 people, in terms of collaborative decision making and collaborative theory formation. But for this we'll need the aid of machines, and we'll also need to help them to help us.

So how is Tau actually going to solve our communications bottleneck? It will be through a highly bespoke and non-trivial implementation of a logic-based Artificial Intelligence (AI). It's worth noting that AI in this case is more of a buzzword for marketing-speak, and it is actually not of the same variety as the industry standard implementations of deep machine-learning.

The distinction that must be made is that Tau is not the kind of AI that attempts to guess what the world is around them, including that of our opinions and the things we say or do. Instead, what we choose to communicate to Tau will be as definite as computer programs. It can be thought of as a persistent logic companion that helps us improve the scale our reasoning, logic, and bandwidth.

We can take the time to share what we want to share on the Tau network and most of the logic-based connections and operations will happen in the background over time, even when we're not paying attention in-person. Again, the use of the word AI is a misnomer here because it usually paints the picture of AI agents attempting to mimic human autonomy. That's not what Tau is about. In this case, thinking about Tau as just a logic machine should provide better clarity on what it actually is.

Indeed, Tau will offer a semantic social platform where we can discuss and store knowledge in a logical universe that helps us organize information, thereby empowering us in highly relevant ways. If you're worried about privacy, know that Tau is first-and-foremost designed as a local client with local processing and storage. The platform itself will be deployed as a decentralized peer-to-peer network, a place where we can connect and share our knowledge-base with anyone we desire.

The only price to pay in all of these is that we must speak in Tau-comprehensible languages, which can always be added and modified over time. A sophisticated language that can be defined over Tau may closely resemble natural languages, but it is really best to expect Tau as a machine-comprehensible language that only speaks in logic. Fortunately, logical formalism is something that we can easily deal with.

So it will be up to us to communicate with our local Tau client in a way that it'll understand our worldviews. When the machine understands what we share completely in some logical, mathematically-verifiable sense, it can then connect our dots with the rest of the Tau network, effectively boosting communications beyond the limits of human bandwidth, effectively scaling our points of discussion, consensus, and collaboration up to an infinite number of participants.

Code and consciousness.

Finally, we look at the last paragraph of Tau's introduction at http://idni.org:

Able to deduce consensus and understand discussions, Tau can automatically generate and execute code on consensus basis, through a process known as code synthesis. This will greatly accelerate knowledge production and expedite most large scale collaborative efforts we can imagine in today's world.

Since Tau is a logic blockchain that powers a semantic social choice platform, we can leverage it to have both small and large-scale discussions about program specifications, detect points of consensus, and even generate software in the process. Being able to go from discussions to the realization of decentralized applications would mean inclusive code development for the masses. It's also a unique addition to decentralization that no other blockchain projects have even thought about.


This is a platform that does not have ads and does not even store information on users, but does not censor the information that is posted and if you are active you even get rewarded with cryptocurrency. Steemit is the leader with this technology, but you can even find DTube, which is the YouTube alternative based off of blockchain.

The downside is Steemit has been so successful it is starting to draw a lot of competition. One competitor you will find is Narrative which is a beautifully designed website. This is one that is going to be similar to Steemit, but the governance is done by the users who create topic niches. Narrative has also decided to have part of its site to brands, which are able to spread themselves out on the platform by getting quality content out in front of people.

Narrative THE WORLD'S JOURNAL: A content community that rewards creators, moderators and all who add value.

You can also find Sapaien, which is a news platform; an alternative to LinkedIn called Indorse, and even ONG.Social which is a great program that is social and focuses quite a bit on the privacy of people.

SAPIEN Technologies UK

Often we are going to find that we are going to find different companies that are a great alternative to our normal entertainment and we often turn to Netflix and YouTube for this. The worst part is these companies have really taken the market control and this does not leave much room for competition. This allows people to create a lot of content, which the companies then collect and sell the data.

Often the users are going to publish the content on these platforms and hope they can make it big, but often do not make anything back for what they create. You will also see people have started to question the different censorship that YouTube is doing, how it changed its payment plan, and even how much Spotify pays to the musicians that are posting songs on the network.

You will find that a lot of blockchain programs are ready to disrupt this as well. The music industry has really seen a lot of bad deals hurt people and are really looking to take the lead to change this issue. Imogen Heap, a musician, has started her own project based off of blockchain called Mycelia which is meant to give the musicians and the creators of the music a fair price for the music they have made. You will also notice that you have Voise which is a great platform that is decentralized and very easy for the artists to reach their fans.

Flixxo is a company that is using Ethereum to try to dethrone YouTube, but you have Dtube as well from Steem. You will also see that another candidate to take down YouTube is Videocoin, which is a startup that managed to gain a lot of traction with a 35 million dollar ICO period.

If you are looking for storage solutions you will notice that you have Storage Cloud as a great solution. This is where you will find that you can store files and hardware easily for a cheap cost, but also access these from anywhere in the world.

The Best Cloud Storage and File-Sharing Services of 2018

The problem with cloud storage is all the information is going to be stored in a centralized location that people can have access to. This is the single point of problem because no matter how secure the cloud is only one company has it. This could easily lead to a compromise in the one company and when this happens you could easily have all of your data exposed to everyone.

Since that is the case, it is time to decentralize storage as well. This is where you will find Siacoin stepping up as the biggest company here. This is a company that allows people who have extra storage to rent it out for payments in the form of cryptocurrency. This is a company that could easily have some serious growth in the future because it is already cheaper than Google or Amazon.

Sia Cloud storage is about to change. Are you ready?

You will see another startup as well called Filecoin. This is a company that had a huge ICO and was one of the largest in history making 257 million. This is a company with a decentralized network that keeps the files stored, but at competitive prices. You will find that Storj has also thrown their hat into the ring as well with a great plan that is low on the price, but high in security with only the user getting into the data.

Filecoin A MASSIVE AMOUNT OF STORAGE SITES UNUSED IN DATA CENTERS AND HARD DRIVES AROUND THE WORLD.

Storj We are passionate about decentralization, and we love free and open-source software. Our mission is to rethink cloud storage, to provide the security, privacy, and transparency it’s missing.

The online advertisement model that is currently being used is not working right. Often you can see this just by visiting some of the companies that are advertising on the site like YouTube and Facebook. When you are running a website you know it is a big business and often when you ask people to subscribe you end up losing people rather quickly. Often the best way to make money is letting ads be shown on your site and the more traffic the more income you get from the ads.

The downside is most of the time people ignore the ads. When the people are not viewing the ads it is bad enough, but some people even have adblockers that keep the ads from showing up. Even Google, which makes the most money from the ads has an extension on the Chrome browser to block ads.

The changes that can happen is not the contribution of people clicking on the ads that are shown, but getting profitable based off of the contributions of the visitors. You will see that several blockchain companies are working on this. One of the biggest that is going on is Basic Attention Token. This is a company that has made the point of connecting the content creators, to the advertisers, and then the consumers without any major company acting in the middle.

Basic Attention Token BLOCKCHAIN-BASED DIGITAL ADVERTISING

You will notice that the company even has its own browser called Brave. This browers is one which the users are able to pay small transactions to the creators of the content they liked and the advertisers then pay the consumer for the attention. This is all done without anyone knowing about it.

You will also notice that you have Oyster Pearls which is another online advertisement model. This is a company that has an engine in the works that allows content consumers to contribute to the websites they love for the GPU and CPU which helps make the websites less dependent on ads. This is also going to allow the websites and the creators of the content to be stored on a decentralized platform, which is cheaper and even more secure.

Oyster ProtocolGoodbye Banner Ads. Hello Oyster. The future of website monetization and distributed storage, built on IOTA Tangle and Ethereum.

You will find a large project called Substratum that is being worked on for running the Internet. This platform will allow people to contribute computing resources to a decentralized web, which will not have any type of censor or control in place by an organization.

Substratum WE ARE THE FOUNDATION OF THE DECENTRALIZED WEB: Substratum is an open-source network that allows anyone to allocate spare computing resources to make the internet a free and fair place for the entire world.

You will find that the users are going to be paid with a crypto currency for helping t keep the Substratum running. You will notice that you can find the hosted content in the regular browser without anything interfering with what people are going to see. Just think what this can do for people who are oppressed by their government.

HackerNoon how hackers start their afternoons

18 Blockchain Predictions for 2018 The Bitcoin protocol is the world’s largest modern-day abacus; it only enables us to move a bead (or coin) from one side to the other. The ability to do this on a global, permissionless substrate is not trivial. But I can’t overemphasize the limited scope of this initial design, due to its use of a virtual machine which isn’t Turing-complete.

The above script should serve to explain the inherent limitations of the Bitcoin scripting language. Ethereum can be thought of as Bitcoin + everything else, with a high level software language reminiscent of Javascript.

While still being able to store and transmit value (the single Bitcoin use case), we’re also able to program our agreements using Ethereum.

3. Ethereum will continue to be the largest blockchain developer ecosystem in 2018 by many multiples.

The ecosystems with the most developers typically win. I don’t see how permissioned blockchains that lack cryptoeconomic incentives will ever stand against public permissionless ecosystems.

Ethereum already has a thriving developer community. Truffle, the smart contract developer framework, has 250,000+ developer downloads. Infura, which can be seen as an Akamai for Ethereum and IPFS, now handles over 2 billion requests per day and smoothly scaled to peak at 4.5 billion requests per day one day in December. MetaMask, which brings Ethereum seamlessly to browsers, has over 500,000 active users.

4. Blockchain will be a vessel of good.

As the world takes note of the societal implications of blockchain technology, we will see an uptick in humanitarian applications in 2018.

In 2017 we saw the World Food Program employ Ethereum to distribute 1.4 million food vouchers to 10,500 Syrian refugees in Jordan. And it is aiming for one million transactions, per day. This innovative program, dubbed “Building Blocks”, demonstrates how database efficiency will deliver tangible benefits to the most vulnerable. I applaud the World Food Program’s efforts and believe that its success is a sign of great things to come.

The Potential Paths Cryptocurrency Regulations Could Take (And Which One’s Most Likely): The Three Swords of Damocles In an ancient, Greek anecdote, Damocles of Syracuse lamented his king’s great fortune, for he seemingly had it all: power, fame, luxury. To show Damocles it’s not all fun and games, king Dionysius offered Damocles his throne during a royal dinner.

However, once Damocles sat down and reveled in the king’s conveniences, Dionysius had a sword hung right above Damocles’s head. Attached to only a single thread of horse hair, ever-looming impalement quickly left a bad taste in Damocles’s mouth, no matter how good the food. Eventually, he asked to be dismissed of his new, ‘fortunate’ position and the pressure that comes with it.

Anyone who bought cryptocurrencies for speculative reasons in November or December is Damocles. Investors got to sit in the king’s throne, but now that the market has turned and regulators are making moves, everyone wonders whether to get up and leave, for the policy hammer might soon come down.

As the US Senate, US Congress, the G20, and plenty of other officials are starting to debate the issue, I see three potential paths through which crypto regulations might emerge.

Something Extraordinary Is Happening in Blockchain and Cryptocurrency, and Most People Haven’t Noticed Remember when nobody knew what the internet was? It’s happening again.

Cryptocurrencies’ collective market caps have shot up as high as $177 billion, as of the time of writing this piece. Considering the year started in the low tens of billions, that’s a considerable jump. That’s a lot of growth in less than 10 months, and things don’t appear to be slowing down anytime soon.

Since the advent of the internet itself and the subsequent digital gold rush, people have been looking for the next big thing.

The characteristics are similar. Blockchain is a technology that is new to most people (except insiders), and hardly anyone actually understands it. The technology is infinitely complex (cryptographic hashes and deep algorithms) and extremely simple (a decentralized ledger) at the same time. Just the way the internet was to people back in 1994.

Blockchain is creating an avenue, so to speak, on which technology can catch up and disrupt outdated industry and add on to sophisticated industries in a disruptive way. There are lots of outdated industries that just haven’t had the right technology yet to disrupt them.

“Blockchain is going to quickly make its way into a lot of old industries and replace traditional processes — everything from manufacturing to farming, to oil and gas, and especially my favorite, shipping,” said Blockchain World Conference speaker John Monarch.

The entire venture capital industry has been taken over by token sales (ICOs) this year. More money has been raised recently through token sales than all of VC combined, according to calculations I’ve seen.

If you had asked anyone a few years ago if something would come along that would disrupt the venture capital industry, the person would have thought you were crazy.

But now, as Uber did to the cab industry, blockchain is doing to other industries. Banking is in the crosshairs of blockchain right now. You have CEOs of major banks desperately attempting to discredit blockchain tech, as they know it could take over their industry and make them redundant. Unless, of course, they accept what is happening and embrace it by using the technology.

Wall Street is already wise to blockchain and cryptocurrency in some regards. For example, it appears there are several ETFs attempting to create funds that would allow people to get into Bitcoin or Ethereum through traditional accounts. This brings a lot of money, notably institutional money, into the space.

Every single day it feels like we see another notable figure weigh in on the technology, cryptocurrencies, ICOs, or some aspect of the industry. An area nobody at all understood now has more than one million people a month signing up for Coinbase alone to buy cryptocurrencies.

The First Trailer For A Hard-Hitting Blockchain Documentary Is Here watch the trailer

Cryptocurrency’s Criminal Revolution The unsavory cast of characters benefiting from bitcoin

Tyler Elliot Bettilyon, Jul 12, 2018

It’s hard to believe that the “crypto revolution” started a decade ago. I can vaguely remember first hearing about bitcoin in one of my university’s computer labs way back in 2008, shortly after the bitcoin white paper was published under the pseudonym Satoshi Nakamoto. Ten years later, blockchain-mania is in full swing as the full stack of Silicon Valley’s innovation infrastructure scrambles to be the next Blockchain for Uber (powered by Deep Learning).

Since bitcoin’s debut, a slew of competing “coins” and “tokens” have entered the marketplace. Although there are only about 180 government-backed currencies worldwide, Investopedia reports that more than 800 cryptocurrencies have already failed. In the first half of 2018 more than $6 billion was invested in initial coin offerings where speculators and other patrons can purchase an amount of the cryptocurrency being released. ICOs have become notorious for being a high-risk investment, with more than half of all coins becoming defunct within four months, according to Bloomberg.

The last 18 months have been a roller coaster of hype, success, and despair for those aboard the cryptotrain. As with any gold rush there have been some ill-advised casualties as well as some unexpected winners. Take for example Long Island Iced Tea — a tea company that changed its name to Long Blockchain and subsequently saw its stock value rise nearly 300 percent. Unfortunately for Long Blockchain, this pivot failed and NASDAQ has since delisted the company’s stock.

...

Only time will tell if Kodak’s bet will pay off, but in the meantime regulators are scrambling to deal with the wave of companies trying to get in on the action. In a reaction to moves like Long Blockchain and KodakCoin, the Securities and Exchange Commission has issued a warning that it will be watching the blockchain market more closely.

Then there’s Dogecoin, the cryptocurrency that was created as a joke. Although his intention was to poke fun at the crypto world using the “Doge” meme as a mascot, Jackson Palmer instead created a cryptocurrency that reached $1 billion in market cap earlier this year.

As new currencies enter and leave the marketplace, speculators and early adopters need tools to buy, trade, and sell their digital money. Marketplaces that facilitate the transfer of cryptocurrencies are popping up almost as fast as the coins themselves. Services such as Coinbase, Coinsquare, and Blockmarket by Blockchain Foundry provide the ability to trade cryptocurrencies and also sell your digital “math-backed” currency for a classical currency backed by a government.

Speculators, investors, and engineers have all lost the plot in the crypto craze. The leaders in the crypto space are wandering aimlessly through the technological landscape looking for more proverbial nails to smash with their shiny new crypto-hammers — conveniently forgetting that when you invent the ship, you also invent the shipwreck. In the meantime gangsters, rogue states, speculators, and money launderers have fallen in love with cryptocurrencies just the way they are.

To understand why these groups are flocking to bitcoin and other cryptocurrencies we must briefly discuss the technology itself.

The key innovation in the bitcoin white paper, the blockchain, solves a problem that is unique to digitized money. When two individuals exchange cash, the proof of the exchange is self evident: One person now has physical bills that another person used to have. Due to the physical nature of cash it is impossible to double spend — spending the cash requires it to physically leave one’s possession.

With digital currency things aren’t so clear. If I have 20 bitcoins and I “give” them to you, what actually changes? The bitcoins don’t have a physical existence, so they cannot be transferred in the same literal sense that a $20 bill can be transferred. Any digital data can be copied so having a particular file or collection of data on your hard drive cannot count as proof of ownership.

Historically we have relied on record keeping and trusted entities to engage in online transactions. We trust banks, credit card companies, and other digital commerce services to keep adequate receipts and ensure that money is reliably transferred between accounts. When those entities make mistakes (malicious or accidental) we rely on the law, the courts, and the kept records to settle any disputes.

Titled “A Peer-to-Peer Electronic Cash System,” the bitcoin white paper described a payment system not reliant on a trusted entity like a bank or credit card company, or on the promise of legal recourse. The bitcoin blockchain is a record of every transaction ever made using bitcoin, and it is the heart of the cryptocurrency. In order to exchange bitcoin, two parties need to create a record of the transaction (a block) that will be added to the blockchain.

In this way the blockchain acts as a ledger. Ledgers were revolutionary when they were invented, but that is literally ancient history. The blockchain’s innovation is about where the ledger is stored and how it is maintained.

Consider processing a single transaction: The two parties in the transaction are identified only by their “wallet number” (sometimes called an address). A transaction includes a sending wallet number, a receiving wallet number, an amount of bitcoin to exchange, the date of the transaction, and other information. The transaction is sent to a distributed network of computers running the bitcoin software. These computers verify the incoming transaction and add their own “seal of approval” to the transaction. Once enough computers in the network have signed the transaction, the resulting data (the block) is added to the public ledger (the blockchain).

All of the computers in this distributed network have a copy of the blockchain, and once consensus has been reached about a new transaction, they all update their copy of the blockchain in exactly the same way. This is why SEC Chairman Clayton referred to the blockchain as “distributed ledger technology”.

Because bitcoin enters the global supply as a transaction, the blockchain contains an auditable accounting of every bitcoin ever “made.” This ledger also effectively solves the key problem of digital currency, ensuring there is always a record of bitcoin exchanges. This means the blockchain effectively encodes the amount of bitcoin that belongs to any given wallet at any given time. The $20 bill being in your wallet is the proof that you have $20; the blockchain is the proof that you have 20 bitcoin.

In return for doing all the computational work to verify transactions by creating blocks, the computers in the network (called “miners”) are rewarded with bitcoin. Anyone who wants to can download the software and the blockchain, and begin mining for themselves. Buyer beware, though, the electricity required to mine bitcoin often costs more than the value of the generated bitcoin.

Much more could be said about the technology and how it works, but instead I’d like to focus an age old question: Cui bono?

New Underground Markets

I’m sure that more than one person has Venmo’d [Venmo is a free digital wallet that lets you make and share payments with friends. You can easily split the bill, cab fare, or much more.] their drug dealer at this point, but transferring lots of money long distances has long been a thorn in the side of criminal enterprises. Cash is king in the criminal world because reliance on traditional financial institutions is a big risk. Law enforcement loves to follow the money, and lots of criminals are caught as a result.

These days cash is losing ground to cryptocurrencies as the currency of choice for illegal enterprises. Bitcoin’s most touted virtue — performing digital monetary transactions without relying on a trusted third party — is ideal for people who cannot rely on traditional financial entities like banks to store and transfer money. The ease with which bitcoin flows across borders and oceans is a vast improvement over the transportation of large amounts of cash — especially for cash that was illegally obtained.

In a report that shouldn’t surprise anyone, researchers from the University of Technology Sydney found that approximately 25 percent of bitcoin users and 41 percent of bitcoin transactions were associated with illegal activity; the same report estimates that roughly $72 billion worth of bitcoin changes hands for illegal goods and services each year. A majority of the illegal transactions are made on dark web marketplaces like the now defunct Silk Road.

Silk Road was — and the marketplaces that have replaced Silk Road are — attracted to cryptocurrencies like bitcoin because the level of anonymity is unrivaled by any other online payment mechanism.

When two parties exchange cryptocurrency they are identified by a wallet number. This number is a unique identifier, but one that carries no personally identifiable information. Two parties that wish to exchange funds enter only the sending and receiving wallet numbers and the amount being exchanged to the transaction that ends up in the blockchain. There are no restrictions on how many wallets you can obtain, and there is no centralized management system keeping track of who owns which wallets.

Shipping and handling is a separate problem that requires a separate solution for the exchange of non-digital goods. But like Mitch Hedberg once joked, “I love my FedEx guy cause he’s a drug dealer and he doesn’t even know it.”

Proponents of such websites and cryptocurrency apologists often point out that the most popular item for sale on the dark web is cannabis — which is perfectly legal in a growing number of places. Take a right turn onto libertarian lane and it’s easy to argue, “The government doesn’t have a place regulating what I put in my body anyway!”

Unfortunately, wherever you personally draw the line on the question “what should a human be able to purchase?”, someone on the dark web is selling something way past that line.

Credit card numbers, social security numbers, zero-day hacks, compromised username/password combinations, untraceable guns, recipes for C4 explosive, fake passports/driver’s licenses/state identification, child pornography, and — as in the sting that ultimately took down Silk Road’s creator — assassins for hire. All this and more is for sale on these dark web marketplaces.

Say what you will about drug dealers, but even my worst weed hookup didn’t advertise that he could help me murder someone.

Cryptocurrency didn’t invent the underground market so it’s not fair to blame bitcoin completely for the creation of Silk Road. On the other hand, it’s obvious to anyone watching that cryptocurrency is emerging as a powerful tool much beloved by the criminal underground.

The Center on Sanctions & Illicit Finance published a memo that examined the laundering of bitcoin associated with illicit activity. The report found that the number of illegal enterprises utilizing bitcoin grew five-fold between 2013 and 2016, and that roughly 95 percent of the bitcoin laundered during these years originated from transactions made on just nine dark web marketplaces, including Agora, AlphaBay, and Silk Road.

The memo also noted that:

Our data should not be interpreted to assess or estimate the full amount of illicit Bitcoin transactions which may have occurred on the Bitcoin blockchain. The actual volume of illicit Bitcoin transactions is almost surely to be significantly larger than represented in our sample.

Another research group, CipherTrace, reported that the amount of cryptocurrency laundered so far this year is already triple the amount that was laundered in 2017.

Doing this kind of research on bitcoin transactions is hard. Bitcoin’s use of wallets as the sole identifier of an entity in a transaction makes analysis harder than with traditional financial institutions and instruments. Law enforcement agencies and data analysis firms are adapting, but just as quickly new coins with an increased focus on privacy — such as Dash, Monero, and Zcash -- are entering the market, making this kind of research (and law enforcement) even harder.

In 2016, the last year covered by the Center on Sanctions & Illicit Finance memo, the authors uncovered a notable standout in the sources of illicitly obtained bitcoin. In 2016, roughly 15 percent of laundered bitcoin originated from ransomware attacks, rocketing up from 0.87 percent in 2015.

Those who would ransom your data are attracted to cryptocurrency for the same reasons that operators of illegal marketplaces are: It fixes a lot of the problems with classic cash ransom.

You’ve all seen this scene in a movie or TV drama: A disguised voice on the phone says, “Come to a sketchy location at midnight with $100,000 in cash. Come alone, we are watching you.”

The cash part is REALLY important. If victims write the criminals a check, then some bank has to approve the transfer of funds to someone else’s bank account (presumably the criminal’s). Not only will most banks collaborate with law enforcement to catch the crooks, but there is a lot of red tape surrounding sudden withdrawals of large amounts of cash for exactly this reason.

For the criminal, going somewhere to get the money is a huge risk. What if it’s a sting? What if the victim brings a gun? What if the victim learns enough to identify one of the criminals? What if an onlooker witnesses the transaction? This is all very messy, not to mention walking around with all that cash makes you a target for police and other criminal enterprises alike.

With ransomware there are no physical goods to be exchanged since the data being ransomed is never actually taken anywhere. Similarly, using cryptocurrency as the payment mechanism enables attackers to simply leave a bitcoin wallet number on the computer, along with instructions for the victim to: get a own bitcoin wallet, buy some bitcoin, and send it to the attacker. A perfect crime — money changes hands, and neither the attacker nor the victim even have to get out of bed.

The lack of physical exchange also means that criminals can target people who they could never meet up with in real life. In this way cryptocurrency allows would-be attackers to expand their pool of potential victims dramatically.

Dark web sellers and ransomware attackers both love something else about cryptocurrency — it’s easier than cash to launder. The ephemeral nature of this new digital cash makes obfuscating its origin easier. The memo from the Center on Sanctions & Illicit Finance identifies cryptocurrency mixers (also called tumblers) as the primary mechanism for “cleaning” dirty bitcoin.

Tumblers are conceptually quite simple. You send your dirty bitcoins to a tumbler’s address along with a brand new “clean” address of your own, the tumbler mixes in bitcoin from lots of different wallets (some clean, some dirty) into the tumbler’s own wallet, and finally the tumbler has that wallet pay out to the “clean” wallet you provided (after extracting a service fee, of course).

By bundling a bunch of coin into a single wallet, then distributing those funds to brand new wallets, tumblers make it harder to associate the bitcoin in the “clean” wallet with the original illicit behavior. Tumblers can add all sorts of noisy complexity to their services by transferring funds between many different wallets, further obfuscating the source and destination wallets of any individual client. This process is even more effective when used with emerging anonymity and privacy-focused cryptocurrencies such as Monero and Zcash.

The Future of Cryptocurrency

In addition to enabling all kinds of new and creative criminal enterprises, cryptocurrencies are having a very direct impact on global energy use and climate change. Despite all this, the investors of Silicon Valley can’t wait to “put a blockchain on it,” regardless of what “it” is. We’ve heard this story before: move fast, break things, and deal with the fallout later.

Meanwhile, scientific organizations are predicting that sea levels will rise between 2–6 feet by 2100, and the CEO of CipherTrace predicts that more than $1.5 billion in cryptocurrency will be stolen this year.

....

The impact of future innovations will depend largely on what research is targeted as well as what kinds of policy governments adopt regarding the nascent technology. In making those decisions, we should carefully consider all the ways this technology can be deployed, not just the ways we hope it will be deployed.

Trustless Payments for Ransomed Data

The WannaCry ransomware attack in 2016 cost an estimated $4 billion–6 billion worldwide. It’s hard to know exactly how much money the attackers made, but the upward trend in ransomware attacks suggests that such attacks don’t suck at making their perpetrators money. In a microcosm of cryptocurrency-facilitated crime, the North Korean cyber squad that executed the WannaCry attack apparently bought the code from a hacker group called the Shadow Brokers, which only accepts payment in the form of two privacy-focused cryptocurrencies, Monero and Zcash. The Shadow Brokers likely stole the exploit from the NSA, but that’s another story.

WANT FASTER BITCOIN TRANSACTIONS AND LOWER FEES? TRY THESE WORKAROUNDS Your Bitcoin transactions '’t have to be expensive and slow. With a little bit of know-how and pre-planning, you can keep transaction times and fees at a manageable level.

Senior Intel Corp. Scientist Predicted Bitcoin In Cryptography Manifesto—In 1994 Bitcoin is one of the "sophisticated financial alternatives to the dollar" that was predicted in a 1994 manifesto from a senior Intel Corporation scientist.

By John Vibes - December 18, 2017

The world may never know the true identity (or identities) of Satoshi Nakamoto, the mysterious creator of Bitcoin, but the idea of cryptocurrency has actually been popular among crypto-anarchists and privacy experts for decades.

CRYPTOCURRENCY IS HALF A TRILLION: JOINT MARKET CAP HITS $500 BILLION

BITCOIN BREAKS CBOE – WEBSITE CRASHES AS FUTURES TRADING BEGINS CBOE’s website crashed within moments of the exchange opening on Sunday, unable to handle the massive influx of traffic resulting from the launch of its Bitcoin futures contract. The launch, which marks the first time that Bitcoin futures have traded on a major exchange, has been making headlines since it was first announced just five short days ago.

BITCOIN MAKES ITS GRAND ENTRANCE ONTO THE MAINSTREAM STAGE Escorted by futures trading contracts, Bitcoin has entered into the circle of mainstream finance. This event was marked by the CBOE Global Markets’ launch of Bitcoin futures contracts, on Sunday, December 10, 2017, opening the door to the cryptocurrency market for institutional investors’ trillions of dollars. Moreover, Bitcoin futures has moved the rollout of Bitcoin ETFs one giant step closer to reality.

BITCOIN FUTURES COULD BRING TRILLIONS INTO THE CRYPTO MARKET

Feds Steal $1.74 Billion in Bitcoin, Kidnap Man for Life for Building Website that Used It By John Vibes - December 3, 2017

As Bitcoin's popularity soars, one of its early adopters is currently serving a life sentence for creating a website that popularized the cryptocurrency.


Before Bitcoin became the newest tech and investment craze, it was seen as the currency of the black market which was used to buy and sell drugs on the infamous “dark web.” In fact, one of the early adopters of Bitcoin is currently serving a life sentence for creating one of the first websites that popularized the cryptocurrency.

He was one of the first people to find a way to utilize Bitcoin that the mainstream could understand, which brought the technology into pop culture. His name is Ross Ulbricht and he is the founder of the Silk Road, the anonymous online marketplace which became a target for politicians and law enforcement because of the large volume of drugs that were being sold through the site.

On the Silk Road, drug users and vendors were able to trade anonymously using Bitcoin, making it one of the first major commerce platforms to adopt the cryptocurrency.

Even though Ulbricht did nothing but create a website—just like the famous billionaires Mark Zuckerberg or Jeff Bezos—he was treated like El Chapo in court because his invention worked against the system, instead of for it.

One important point that was heavily overlooked by the media during the Ulbricht trial was the fact that the Silk Road actually made the world a safer place by undermining prohibition. Even though drugs are illegal, large numbers of people still use them on a regular basis and these people are often put into dangerous situations because of these prohibitions.

The Silk Road allowed people to purchase drugs from the comfort of their living room to avoid the risk of getting mugged in a dark alleyway. It also allowed them to read reviews of the products that their potential dealer was selling, saving them from tainted drugs and dirty batches that could put their lives at risk.

Ross Ulbricht should have gotten the Nobel Prize for his visionary application of a new and revolutionary technology, but instead, he was arrested in October 2013 and has been sitting in federal prison ever since, awaiting a break in his case, or the end of the drug war. With his arrest, the FBI seized 174,000 Bitcoins, which was worth $34.5 million at the time. Today the Bitcoins stolen from Ulbricht are worth roughly $1,740,000,000 or $1.74 billion, and there is no telling what the government has 'e with that money.

Even now that the cryptocurrency is appearing on mainstream television and reaching a market cap that rivals that of major banks, governments still have no clue how to deal with a technology that allows citizens to easily avoid taxes and trade in prohibited goods off the radar. Just this week, Nobel Prize-winning economist Joseph Stiglitz called for the cryptocurrency to be banned, saying that “Bitcoin is successful only because of its potential for circumvention, lack of oversight….So it seems to me it ought to be outlawed.”

Meanwhile, Coinbase, one of the world’s largest Bitcoin exchanges has announced that the IRS is forcing them to hand over the information of anyone who has had more than $20,000 flowing through the site in the past year.

IS BITCOIN SHIFTING THE ECONOMIC BALANCE OF POWER? In just a few years of existence, Bitcoin has become the 6th most powerful currency on the globe. Bitcoin now has more value than many developed nations and industry giants, while eclipsing some of the wealthiest people in the world.

Bitcoin is radically changing the way we do things, and even, possibly, our way of life. And, most probably, the cryptocurrency might be causing a shift in the global economic balance of power in inexplicable ways.

Indeed, Bitcoin’s spectacular price trajectory has pushed its market capitalization, as of this writing, to more than $192 billion USD. As a result, Bloomberg reports,

“Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies and the estimated worth of some of the world’s top billionaires.”

Bloomberg article reports that Bitcoin is now stronger in asset value than New Zealand, Boeing, Bill Gates, Queen Elizabeth, and the Oracle of Omaha, super-billionaire Warren Buffett.

BITCOIN IS DEFYING THE ECONOMIC STATUS QUO

Bitcoin is now the 6th largest currency in the world, as shown in the table below.


Certainly, the rapid rise of Bitcoin baffles and upsets many economists and financial experts such as Joseph E. Stiglitz, and Warren Buffett, respectively.

Bloomberg reports that Buffett has said, “People get excited from big price movements, and Wall Street accommodates … You can’t value bitcoin because it’s not a value-producing asset.” Buffet has also said that Bitcoin is a “real bubble.”

Bitcoin and its blockchain technology have placed our civilization at the threshold of a new, far-reaching technological, economic, and social revolution. This revolution provides us with a unique opportunity to shift the obsolete and unfair existing monetary and banking system toward a more equitable and just economic system.

Bitcoin Just Passed $10,000. It's Officially One of the World's 30 Largest Currencies. Bitcoin has reached a new all-time high — and a pretty historic one at that. It's reached $10,000, exceeding economists' predictions and putting it on track to hit $25,000 within the next 5 years.

LOCALBITCOINS SETS BIGGEST GAIN EVER AS VENEZUELANS EXIT FIAT Bitcoin’s price spike and increasing adoption have fuelled a Localbitcoins trading surge that has dwarfed any in the cryptocurrency’s history.

$90 MILLION IN A WEEK

Data from Coin Dance tracking trading on popular p2p trading platform Localbitcoins shows that for the week ending Saturday, December 2, almost $90 million passed through worldwide.

The huge uptick puts last week clear ahead of Localbitcoins’ previous busiest week, which occurred mid-September and saw it handle $71 million.

As Bitcoin grows to trade above $11,000 for a third time in a week, entry-level users across the globe have begun to experiment with both trading and ownership. Additional publicity in the mainstream press has contributed to the wave of adoption, with multiple countries posting record highs on Localbitcoins.

In Venezuela, the market which has become a crucible for mass consumer adoption of Bitcoin as a replacement for sovereign currency, sources report the trend is accelerating quicker than ever.

Stories posted to Reddit refer to citizens selling all their assets to trade for Bitcoin before attempting to leave the crisis-hit country, where foreign currency access is all but impossible.

The chief instrument for the process, as data attests, is Localbitcoins.

“…Bitcoin allows us to have complete control over our funds, to hide them so bad people '’t know they even exist in our possessions,” a Reddit poster analyzing how Venezuelans are retaining financial stability explains.

"Plus we can really easily purchase them or sell them at a 3% exchange fee at localbitcoins, and doing so safely by choosing a seller/buyer who has 100% positive feedback, 1000+ transactions and at least 250BTC volume history on his account."

POLITICIANS ARE WORRIED ABOUT BITCOIN FUTURES LAUNCH The rise of Bitcoin has taken the political world by surprise, and now politicians are grappling with the choices on how to handle the advent of Bitcoin futures trading on the NASDAQ that has been approved by the Commodity Futures Trading Commission.

If there is anything that has surpassed human understanding, especially in the world of investment, it is the price of Bitcoin. Its percentage increase in price is in the thousands. Speculators who envision the rise of Bitcoin tend to end up underestimating the real price, and investors wake up and see their money tripled in just a single night. So what will happen if this kind of digital asset makes its way into the futures market? Well, it’s almost there.

NASDAQ has decided to launch Bitcoin futures in 2018. This announcement was made last week after an earlier announcement by CME that Bitcoin futures trading will now commence with approval from the Commodity Futures Trading Commission (CFTC).

Will authorities scrap this move? Will they twist state laws to favor or go against Bitcoin futures trading? Or will they institute a tax system for the trading of Bitcoin futures?

But one thing is for sure, these politicians have the ability to cause a lot of problems, and when it comes to technologies that they '’t understand or something they perceive as not being so beneficial to them and ‘the people,’ then the Bitcoin futures trade is bound to suffer through a lot of regulations.

AML BITCOIN CREATOR SAW EARLY WEAKNESS IN DIGITAL CURRENCY WORLD, INNOVATED SOLUTION AND FILED PATENTS WELL BEFORE WORLD FINANCIAL LEADERS Marcus Andrade, an early digital currency entrepreneur, saw the Bitcoin phenomenon as having immense potential but knew that the anonymity of the digital currency would eventually limit its reach. So, with his team of software engineers, Andrade created the world’s first digital currency that is compliant with the anti-money laundering and ‘know-your-customer’ (AML/KYC) laws that control most of the world’s financial systems.

Slate: Fool's Gold Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.

Bitcoin is a fantasy. The Internet’s currency—a secure, private, decentralized type of money that makes possible anonymous and virtually costless transactions across borders—contains the seeds of its own destruction. More than anything else, it resembles a Ponzi scheme—and the wild claims made on its behalf reveal a great deal about a libertarian strain of thinking with deep roots in the American psyche.

As Farhad Manjoo relates in his entertaining (but dubious) foray into the market, bitcoin is the brainchild of a person (or persons) called Satoshi Nakamoto. Computer users can “mine” bitcoins by instructing their computers to solve complex problems generated by the bitcoin network. As more bitcoins are produced, the problems become more complex, requiring more computer power to solve them, and this limits the total number of bitcoins that can be created over time.

Bitcoins are themselves simply strings of numbers. Once you own a bitcoin, you can transfer it to someone else (as a gift or to purchase goods) over the Internet. You can also convert it into dollars or other currencies on various exchanges. The Bitcoin network keeps track of where the bitcoins are located, so you cannot spend a single bitcoin over and over again by trying to transmit the identical code.

The currency was launched in 2009. It has traded for less than 1 cent. As recently as a year ago, a bitcoin was worth less than $5; this week the price of a bitcoin reached $266, an increase of more than 1,000 percent over the last three months, but then yesterday plunged to $105 before finishing off at $165 last I looked. More than 11 million bitcoins circulate, and so their aggregate value is fluctuating between $1 and $2 billion—a tiny fraction of the trillions of dollars in currency but not bad for the infant brainchild of an anonymous brain.

Bitcoin may be useful for certain types of transactions, especially illegal ones. But bitcoin’s defenders argue that the experiment has proved that a currency can come into existence and function without any government role, so designed as to make inflation impossible and bank transfer fees unnecessary. These features are supposed to make bitcoins irresistible for consumers. Meanwhile, stripped of the power to manipulate currencies to advance nefarious ends, governments will collapse, and we will live in an anarcho-utopia.

This is wrong, both theory and experience tell us. Bitcoin is not the first unregulated or private currency. Until central banks were invented in the 17th century, the money supply was unregulated even if governments did stamp coins.

Other unregulated or private currencies have emerged from time to time—think of cigarettes in prison camps. Gold, silver, bank notes, and all kinds of other things have played similar roles. Paul Krugman wrote a famous Slate piece about a private currency that was invented to facilitate the exchange of services in a baby-sitting co-op.

Felix Salmon and many others have pointed out that a currency cannot succeed with a supply that is fixed, or if it grows too slowly. A currency is used to enter transactions; the more transactions there are, the more of the money you need. As the economy grows, a fixed-supply currency becomes worth more in terms of goods and services, and people begin to hoard it—expecting that if they wait a little longer, they will be able to buy more. Once hoarding takes over, circulation ends, and with it the function of the currency. Hoarding accounts for the large increase in the value of bitcoins; hoarding also sank Krugman’s baby-sitting scrip.

An even more fundamental problem with bitcoins, and indeed any private currency, is that there is no way to limit its supply. True, bitcoins cannot be manufactured beyond the limits set by Nakamoto. But there is no way to prevent future Nakamotos from creating bitcoin substitutes—say, bytecoin, or botcoin.

If merchants are willing to accept bitcoins, they will be willing to accept the substitutes, especially as bitcoins become scarce and consumers scramble for substitutes. Nakamoto must have realized this because there are not enough bitcoins to substitute for the currencies around the world.

The currency can only succeed if it is expanded or supplemented. But if there are no constraints on substitute digital currencies—and there aren’t—then the value of bitcoins will plummet as the subs begin to circulate. And once it becomes clear that there is no limit, people will realize that their holdings could become worthless at any moment, and demand for bitcoins and the other currencies will collapse, ending the experiment.

Unless a bitcoin has value as a currency, it has no value at all, and its price in dollars will fall to zero. A regular Ponzi scheme collapses when people realize that earlier investors are being paid out of the investments of later investors rather than from the returns on an underlying asset.

Bitcoin will collapse when people realize that it can’t survive as a currency because of its built-in deflationary features, or because of the emergence of bytecoins, or both. A real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion.

Given this, why all the enthusiasm for bitcoin? Partly, the technological ingenuity of the scheme, of course. And people have misinterpreted the run-up in price as a sign of success rather than failure. But more fundamentally, bitcoin unites futuristic left-wing Internet anarchism—the fantasy that the Web can provide the conditions for a governmentless society—with the cave-dwelling right-wing libertarianism of goldbugs who think a stable money supply can be established without government involvement.

It is proof for both that government is not needed for much, or at all.

Yet history shows that private currencies always end in tears; if central banks sometimes abuse the trust we place in them, the alternatives are worse. The strangest feature of the bitcoin saga is that people who are so suspicious of government put their trust in Satoshi Nakamoto, who could be anyone, or anyones—eccentric academic researchers, mischievous Fed economists, DARPA, U.N. globalizers in black helicopters, a criminal syndicate, a bored 11-year-old Ukrainian genius. If Nakamoto is as amoral as he is ingenious, then he pocketed the early bitcoins and laughed himself to the bank.

Digital gold: why hackers love Bitcoin In March 2009, representatives of crime agencies including MI6 and the FBI, as well as Her Majesty’s Revenue and Customs, gathered for a closed session at a conference in a central-Lon' hotel. The topic: the potential use of virtual currencies by organised criminals and terrorists.

“Bad guys were using this currency to buy virtual Picassos for $500,000 as a way of laundering the money,” Moores adds. Later that day, he wrote in his notes: “I’m still trying to digest the fantastic scale of the criminal opportunities and the money that can be made and laundered outside the control of law-enforcement agencies and Governments.”

Almost a decade later – an age in digital evolution – those same agencies are absorbing the impact of a rather different and wider ranging breach of cybersecurity, and the potentially vast implications for the current criminal currency of choice: bitcoin, which quietly landed online just weeks before the Lon' conference.

Then came Bitcoin, a virtual or cryptocurrency invented by Satoshi Nakamoto, the alias for an anonymous programmer or collective, and launched in 2009. It offers two major advantages for cybercriminals: by operating as a decentralised currency, in which people pay each other without a middleman (like a bank or credit card company), it provides a lot of anonymity.

Bitcoins, which are now worth more than £1,300 each (there are smaller denominations, naturally) can be held in virtual wallets identified only by a number. According to a recent Cambridge University study published last month, as many as six million people around the world have such a wallet, spending bitcoins on goods such as theatre tickets and beer from a growing number of retailers now accepting the currency, as well as illicit goods including drugs and weapons on the virtual black market.

Increasingly, analysts say, targeted companies are choosing to cough up and move on. While he declines to name names, Moores says big banks are stockpiling bitcoin as ransom reserves. Prince has found the same across other industries, but warns companies to hesitate, lest organised gangs add them to a known list of payers, increasing the likelihood of further attacks. “There’s also nothing stopping them from adding a backdoor,” he says, by which he means a way for the attacker to copy or pass on the data they promise supposedly to release on payment of the ransom.

A shop displays the bitcoin sign during the opening of the first bitcoin retail shop in Hong Kong last year. Photograph: Philippe Lopez/AFP/Getty Images

Moores says part of the currency’s power is in its use as a speculative instrument for trading – a digital gold – but also as a way for companies to make payments more cheaply and perform other functions. IBM and the Danish shipping giant Maersk announced last month a new strategy to use blockchain, the digital database that records bitcoin transactions, to help manage and track worldwide shipping transactions.

For consumers, Gor' envisages bitcoin being used as the financial machinery behind popular services. Already, people wishing to send money abroad may use Abra, which uses bitcoin to make a traditionally expensive process faster and cheaper. “Users '’t touch the bitcoin directly,” he says. “Think of it as a raw tech with layers on top. People won’t know they’re using it, but they’ll know that the cost and speed of transactions will make what we use today look very out of date.”

But Gor' accepts that credibility issues are limiting bitcoin’s legitimate spread. Tax collectors '’t love its anonymity, apart from anything. “There’s a lot of work going on to build identification systems to run in parallel and when they come together with bitcoin it could make it more efficient but also more trusted and transparent than it is now,” Gor' says. He calls this the “holy grail”, when the cryptocurrency revolution really gathers steam. Even in the meantime, Gor' attributes the steep recent rise in the value of bitcoin to a growing trust in its potential – in spite of its popularity among criminals.

he says. “There will always be millions of people who need ways to transact outside the immediate control of large institutions.” Closer to home, he says his own daughter, who has just started working for a cybersecurity company, is ineligible for a credit card. “For her generation, bitcoin is something attractive.” His only regret about bitcoin is that he didn’t buy any in 2009. Six hundred dollars bought even as late as 2011, when the bitcoin achieved parity with the US dollar, would today be worth a million dollars.

HOW TO SECURE YOUR CRYPTOCURRENCY WALLET: 16 SIMPLE TIPS FOR BEGINNERS Literally millions of people have joined the world of cryptocurrencies recently. For example, Coinbase, one of the biggest cryptocurrency exchanges, has added around 2 million new clients within two months. Blockchain.com, the major electronic wallet, found its client base increase by 1.8 million during the same time frame.

Most of these people are newbies, unacquainted with security issues and risks that surround complex but currently profitable cryptocurrency realm. This makes them easy targets for cybercriminals and thieves.

One popular crime which is conducted on cryptocurrency traders is the phone-porting attack. Crooks monitor social media in search of cryptocurrency discussions wherein people publish their emails and phone numbers for quick connection.

A phone number is not the only security weak point. Hackers may get hold of your home PC too. Phishing attacks, Ponzi schemes, and ransomware are all widespread forms of cryptocurrency fraud and theft. Nothing teaches a person about security quicker than cybercriminals hacking his account and running off with $5,000 worth of Bitcoins. Once this happens, people tend to get really serious about their security.

So, what is the best method to safeguard your cryptocurrency assets from hacks? We must confess there is no ideal approach to the problem. In this digital age, hard drives, laptops, and phones are becoming the brand new bank vaults. Real-world experience and understanding of how to protect money from thieves are not sufficient for the virtual money.

The following tips can be used as a security guide for new cryptocurrency aficionados:

1. Securing your software wallet is similar to protecting any data on your computer. You have to be a little more paranoid while browsing the Internet, clicking on links and email attachments.

2. Mobile users may take advantage of Google authenticator with a single IP in its whitelist, which should be the VPN to access the online exchange. [ Google Authenticator

3. It is important to select an exchange that is not only flexible and easy to use but also reputable and secure. Try to follow the news. If industry leaders disengage from a project it should be a worrying signal. Repeated technical problems and strange policies are additional points of concern. Bitcoin withdrawal difficulties will always be a red flag also.

4. Do create backups. Kept in a secure place, a backup of your cryptocurrency wallet may save you from hardware failures and a lot of human slipups. It will also let you restore your wallet in case your PC or telephone gets stolen.

5. Encrypting the wallet or your hole device enables you to create a password for those attempting to take out any money.

6. Although passwords and encryption can protect from thieves, it is not able to put a stop to key-loggers or another malware. It is important to install and keep up-to-date leading antivirus and antimalware solutions. Many of them are free to use.

7. Prior to creating an account on any exchange, set up a new email box that you will be using for that specific exchange account.

8. Be sure to choose a very difficult and lengthy password, desirably a passphrase. Write it down on paper and store that piece of paper in a secret place.

9. Turn on two-factor-authorization not only for login but for any transaction procedures.

10. While on social media or forums, do not mention what cryptocurrency exchange or wallet you use.

11. Contact your phone carrier and order all possible levels of security they can offer. Add passcodes, secret questions, pins, etc. Additionally, enable the “do not port” option for any new SIM card.

12. Web exchanges and wallets all claim they treat security very seriously and implement all necessary protection technologies to prevent breaches and unauthorized transactions. Do not trust these words. Such companies are not banks; they often do not have the same level of security. And even banks get robbed often.

13. Do not store all Bitcoins in one wallet or exchange. Diversify your risks. It is extremely difficult to steal money from several wallets at once, particularly when you set different email accounts and passphrases for each of them.

14. Consider keeping big cryptocurrency sums in cold wallets [https://en.bitcoin.it/wiki/Cold_storage] off the Internet. The cold wallet is a technology of keeping Bitcoins offline on hard drives or even paper. Hackers will not be able to reach your funds. On the contrary, the hot wallet is linked to the Internet. It should be used for everyday transactions and is like a checking account, whereas cold wallet may represent your savings account.

15. Consider examining decentralized exchanges. The difference between decentralized and centralized exchanges is that decentralized exchange does not store your funds. Nobody can gain access to your money except you.

16. Tell your peers and especially close friends and relatives to embrace the same attitude and mindset. Ecosystems, where all participants treat security seriously, are less attractive to cybercriminals.

This territory is new and we should assist people who are trying to find their way. Fortunately, you do not have to be a cryptography professional to make the first security steps which will save you from most of the problems.

Using Digital Currency? You’ve probably triggered a taxable event. Any time you purchase goods or services with a currency like Bitcoin, Dash, or Litecoin, you need to assign a proper valuation to the transaction and determine if there was a gain or a loss.

NODE40 Balance makes this type of blockchain accounting easy and intuitive.

Token Network Effects: New business model for a decentralized web Today, developers are building the infrastructure for a decentralized web (also known as web 3 or the fifth protocol). Similar to the 1990’s, they’re building the same infrastructure across computing power, storage, and data.

But this time, it’s decentralized, private, and more secure. And this gives control back to individuals.

Tokens are a new business model that’s emerging for open source. It’s a new way to raise capital by selling tokens through an ICO (initial coin offering). If the project succeeds, its token will appreciate in value, giving early adopters a nice return.

These ICOs have now exceeded venture funding for blockchain projects. And just this week, Bancor raised $150 million from 10,885 buyers, making it the largest ICO to date. To put this in perspective, Tesla raised $226 million in their IPO to build self-driving cars.

The most famous example is with the telephone system — the value of having a phone increases when everyone else has a phone.

Blockchain: The Invisible Technology That's Changing the World By Rob Marvin August 29, 2017

Blockchain-based networks, decentralized apps (DApps), and distributed ledgers are becoming the foundation of much of your digital life. There's a new immutable digital fabric remaking the internet beneath us, and you probably ''t even realize it.

Blockchain isn't a household buzzword, like the cloud or the Internet of Things. It's not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But in a world where anyone can edit a Wikipedia entry, blockchain is the answer to a question we've been asking since the dawn of the internet age: How can we collectively trust what happens online?

Every year we run more of our lives—more core functions of our governments, economies, and societies—on the internet. We do our banking online. We shop online. We log into apps and services that make up our digital selves and send information back and forth.

Think of blockchain as a historical fabric underneath recording everything that happens—every digital transaction; exchange of value, goods and services; or private data—exactly as it occurs. Then the chain stitches that data into encrypted blocks that can never be modified and scatters the pieces across a worldwide network of distributed computers or "nodes."

When it comes to digital assets and transactions, you can put absolutely anything on a blockchain. A host of economic, legal, regulatory, and technological hurdles must be scaled before we see widespread adoption of blockchain technology, but first movers are making incredible strides. Within the next handful of years, large swaths of your digital life may begin to run atop a blockchain foundation

Several interesting videos...

A "trustless system" doesn't mean it's a system you can't trust. Quite the opposite. Because the blockchain verifies each transaction through PoW, this means no trust is required between participants in a transaction. Where does the proof-of-work come from? The miners. A P2P network of Bitcoin "miners" generates PoW as they hash blocks together, verifying transactions that then go into the ledger.


In the 2016 book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World, authors ' and Alex Tapscott explain Nakamoto's Bitcoin model about as succinctly as one can:

"Bitcoin or other digital currency isn't saved in a file somewhere; it's represented by transactions recorded in a blockchain—kind of like a global spreadsheet or ledger, which leverages the resources of a large P2P network to verify and approve each Bitcoin transaction. Each blockchain, like the [Bitcoin blockchain] is distributed: it runs on computers provided by volunteers around the world. There is no central database to hack. The blockchain is public: anyone can view it at any time because it resides on the network… and the blockchain is encrypted… it uses public and private keys (rather like a two-key system to access a safety deposit box) to maintain virtual security."

Note that nothing is completely unhackable, particularly when you ''t use it as intended. Blockchain's security works not only because it's encrypted but also because it's also decentralized. Victims of the biggest blockchain breaches and cryptocurrency heists (Mt. Gox in 2014 and Bitfinex in 2016) were targeted and pilfered clean because they tried to centralize a decentralized system. Ethereum has seen a number of hacks and security incidents as well. Last year's DAO hack was traced to exploited loopholes in smart contracts written atop an established blockchain. More recently South Korea's largest Ethereum exchange was hacked, and an Israeli startup's initial coin offering (ICO) was hijacked when their website was hacked.

These issues all stemmed from vulnerabilities in systems connected to the blockchain, not within the blockchain itself. Blockchain's underlying security and encryption model is a sound one.

...

How We Build a Blockchain-Based World

Blockchain is still in its infancy. Before we see widespread adoption on the scale the technology is capable of, a lot needs to happen. We must have buy-in from government (which in the U.S. means working state-by-state on policies and legislation). The industry has to clear a labyrinth of legal and regulatory hurdles before blockchain can power better banking, identity, records, or anything else requiring official documentation that now runs on legacy government systems or even (still) on paper.

We also need open standards to tie the blockchain industry together. The most prominent coalition working to make that happen is the Hyperledger project.

Hyperledger is an open-source initiative to create an open, standardized, and enterprise-grade distributed ledger framework and code base to be used across industries. Overseen by The Linux Foundation, its members include tech companies (Cisco, IBM, Intel, Red Hat, Samsung, VMware, and more), big banks (JPMorgan, Wells Fargo, and so on), blockchain startups such as Bloq, and a host of others.

The project recently released the first production-ready version of Hyperledger Fabric as a foundation for building blockchain apps. Big blockhain players like Microsoft are beginning to get into the standardization game as well, with Redmond releasing its own Coco Framework to work with existing protocols and build more powerful governance and data confidentiality into private blockchains.

"The Linux Foundation is the key layer of governance for shepherding and maturing open-source products," said Garzik. "There are many blockchain peddlers out in the market right now, and one of the biggest pain points we see is incompatibility; a large bank that has merged 10 businesses over the past decade and has a lot of halfway-compatible internal legacy systems. That's where the foundation and Hyperledger really come to the fore. As young as the blockchain industry is, the kind of technical standards-making we need for interoperability has so far been absent."

Another important Hyperledger member is R3, the wealthy elephant in the room when it comes to blockchain standardization. R3 is a consortium dedicated to research and development of advanced distributed ledger technologies for global financial markets. It also represents most of the biggest banks and financial institutions on the planet: Barclays, Credit Suisse, J.P. Morgan, the Royal Bank of Scotland, UBS, Bank of America, Citi, Deutsche Bank, HSBC, Morgan Stanley, Wells Fargo, and a number of others.

We're already beginning to see the kind of blockchain-based international trading R3 is after. Last fall, the first cross-border transaction between banks using multiple blockchain applications took place between the Commonwealth Bank of Australia and Wells Fargo, resulting in a shipment of cotton to China from the United States.

R3 is also becoming an example of how difficult standardizing blockchain can be. Goldman Sachs and Santander both left R3 in late 2016 in the midst of big-bank jockeying over control of a new funding round for the consortium. R3 is doing just fine, though. The consortium announced a new $107 round of funding in May.

Bitcoin Gold: What you need to know There’s a Bitcoin hard fork around the corner and it’s not 2x. Announced right before Bitcoin Cash forked, Bitcoin Gold is scheduled to go live sometime in November. In this article, I’m going to explain what Bitcoin Gold is

Bitcoin Gold is the brainchild of Jack Liao and is launching as a hard fork of Bitcoin. The goal of BTG is to become a better gold than Bitcoin. The chief way they have decided to do this is trying to solve miner centralization through a proof-of-work change.

Changing proof-of-work is generally going to require a hard fork and BTG has decided to go that route. The proof-of-work that they’ve chosen is Equihash, a memory-hard algorithm that’s fairly ASIC resistant and also used by ZCash. The idea is to give mining back to the users who can start using CPUs and GPUs to mine.

What’s so special about ASIC resistance?
ASICs are Application Specific Integrated Circuits. They’re different from CPUs in that they do only one thing, but they do it really, really well.

Bitcoin mining is currently completely dominated by ASICs, mostly produced by Bitmain, Bitfury and Canaan. This is largely due to the proof-of-work function (SHA256) being reasonably simple and not requiring much RAM.

Equihash, on the other hand, is a pretty complex hashing function and requires a lot of RAM to perform. That means it’s much more expensive to produce ASICs for Equihash and the speed gain isn’t nearly as much.

To give you an idea, a normal CPU can mine SHA256 at around 5–10 MH/s. An ASIC can mine SHA256 at around 5–10 TH/s, or about 1 million times more work per second than a CPU can. By comparison, a normal CPU can mine Equihash at around 10–30 H/s, where as specialized equipment can do something like 1000–3000 H/s, or about 100 times more work per second.

In other words, the playing field is a lot more level with Equihash than SHA256 due to the ASIC-resistance. Of course, it’s hard to know how much economics would change if Equihash were to become as profitable, but suffice it to say that the efficiency gain would still be much less than SHA256.


Z Cash

Z.Cash homepage Bitcoin and most cryptocurrencies expose your entire payment history to the public. Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.

Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.

Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.

What are zk-SNARKs? Zcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs.

The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.

“Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.

“Succinct” zero-knowledge proofs can be verified within a few milliseconds, with a proof length of only a few hundred bytes even for statements about programs that are very large. In the first zero-knowledge protocols, the prover and verifier had to communicate back and forth for multiple rounds, but in “non-interactive” constructions, the proof consists of a single message sent from prover to verifier.

Currently, the only known way to produce zero-knowledge proofs that are non-interactive and short enough to publish to a block chain is to have an initial setup phase that generates a common reference string shared between prover and verifier. We refer to this common reference string as the public parameters of the system.

HOW ZCASH WORKS

Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity.

Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.

Zcash also enables users to send public payments which work similarly to Bitcoin. With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value.


Zcash Company
PO Box 140751
Edgewater, CO 80214

Z exchanges zcashcommunity.com does not endorse any particular exchange, use at your own risk.

Our CryptoCurrency


Web 3.0

The Web 3.0: The Web Transition Is Coming Aashish Sharma is a Founder and Blogger at https//www.entrepreneuryork.com, specializing in Social Media and Digital Marketing. Aug 26, 18

Transitioning from web 2.0 to the 3.0 version is going to likely go unnoticed by most people. The applications are going to look almost exactly like what you are currently using, but the change will be on the back-end. If you are a betting man you will want to consider Siacoin for Cloud, Steemit as a platform for social media, and even Augur as the way to check out future betting events.

Once you start to see the release of the first blockchain item that works right, you will likely see people leaving 2.0 and going to the 3.0. That is because the developers will have technology and user friendly tech of web 2.0, but they will have the start of the 3.0 which is supposed to be even easier.


In this segment here we are going to look at different companies and segments of web 2.0 and let you know which of the projects from blockchain are going to chance this and lead the evolution to web 3.0.

The payment methods that people are using currently usually go through credit card companies, the bank, or even PayPal. these are going to be the places that are responsible for getting the money and making sure it is moved properly, but also keep any theft from happening in the transaction.

With all this type of work the organizations often have a lot of cost. This type of cost and security that is required is what has kept the fees so high for these companies you are going to be using.

According to David Sessford of Ready Steady Sell with the emergence of cryptocurrency you will notice that a lot of the security concerns are going to vanish and the cost of doing a transaction will be quite a bit lower. Some of the currencies that are currently being used around the world include Zcash, Monero, Bitcoin, and Litecoin. All that the users have to get is access to the Internet and a device to keep the wallet on. If you are selling products then you just need to get a company like Bitpay to integrate the crypto currency into your payment system.

Since this is going to be a smooth transition, though, you will notice that it will happen without even using the crypto currency. This means you will still be able to use the methods that you are used to, rather than trading on the crypto exchanges that have been all over the place recently on the value of the coins.

You will find that Stellar Lumens is a company that is dedicated to disrupting the payment methods by connecting all the systems together from the banks, the users, and even the payment systems. This is going to allow for faster transactions around the globe. This does not have to be done in crypto even, but can be done in any type of currency. When you are using Stellar Lumens you will not even realize that you are using a cryptocurrency to get the work done because the transactions are run on the backend of the currency.

Stellar Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny.

Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.

The Request Network is another one that is seen as a major competitor for PayPal. This is a platform that will let you to make payment request from anyone at any time. When you are making payments here they are done using blockchain, which is going to remove the third party, but still get paid in full securely.

Request network A decentralized network for payment requests

A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment.

What is even better is the guys at Request Network know that people do not want to deal with cryptocurrency yet, and since this is the case they have implemented different programs to make the request easier for people with any currency. Since they are using the blockchain technology, though, the network has a major advantage in the fact that they can do the transactions for a significantly lower fee.

Most of the people are going to continue to use social media, but even then we all see it has some serious flaws in the way it works. Some of those include Facebook scandals, the mechanisms that are used to make you see what Instagram or Twitter wants you to see, but also the way the advertising is done is flawed.

The main issue that you have to deal with here is how the information you have on these sites can be used against you and easily invade your privacy. For instance you do not want to have your friends going through your browser history, but the social media sites do this by scanning your cookies and then will make a profile based on your history and then sells it.

And while the cats are cute we want to use the phone to entertain us and keep us in contact with friends we normally would not hear from. So we cannot bring ourselves to leave social media because of this.

Steemit is going to be the solution with its blockchain technology that is leading the way in social media development to web 3.0. This platform is one that has its own model that the creators of the content are curated by a group of peers. When the content gets upvoted by having good quality, it is going to cause a microtransaction of Steem, which is the currency that is used here.

Steemit Your voice is worth something
Get paid for good content. Post and upvote articles on Steemit to get your share of the daily rewards pool.

Trending What is Tauchain & Why It Could Be One of The Greatest Inventions of All Time (Part 1) kevinwong (75) in blockchain

In anticipation of Tau's demo some time around the end of this year, I'd be publishing a series of articles leading up to its release and beyond on Steem. If you would like to get to know what some of us think is going to be one of the greatest inventions of all time, I'd recommend you to check out http://idni.org. [Tau is a decentralized blockchain network intended to solve the bottlenecks inherent in large scale human communication and accelerate productivity in human collaboration using logic based Artificial Intelligence.] It seems like a foundation that we've missed out on building together since the birth of the Internet.

A close resemblance of this project is the Semantic Web [a proposed development of the World Wide Web in which data in web pages is structured and tagged in such a way that it can be read directly by computers. "the Semantic Web could usher in a golden age of information access"], although some of us would place Tau as being far more ambitious in scope, oddly in a way that is likely more feasible with its ingenious use of a logic blockchain to power a decentralized social choice platform. I think it's impressive how singular the concept actually is, despite the unavoidable lengthy explanations that come paired with the many first-time features that Tau will provide.

Without further ado, let's explore this world-changing technology that is currently baking in the oven.

What is Tau?

Tau is a decentralized blockchain network intended to solve the bottlenecks inherent in large scale human communication and accelerate productivity in human collaboration using logic based Artificial Intelligence. [http://idni.org]

Sounds fairly straight-forward at first glance, and to me, it really stands out in the cryptosphere. We now have millions and billions of people using the Internet everyday, yet we still do not have any effective means of discussing and collaborating without being all over the place. Sure, we may have been pouring a lot of our time and effort into various platforms trying to connect with others, but have things been really any different compared to a time before the Internet?

The speed of information propagation has increased by orders of magnitude, and we can reach anyone on the planet now, but it's still really up to us to be present and be able to process information in our heads before turning them into relevant knowledge for our networks.

Turns out, we have been experiencing a lot of trouble coming to terms with the chatter of billions of people in cyberspace. The bottlenecks inherent in our human bandwidth remain to be unsolved even with near-instantaneous communications. From governments to corporations and blockchain communities, we are all still facing the age-old problem of being unable to scale governance beyond the size of a classroom. It's just difficult to get our points across to many different people, let alone making sense of complex long-term discussions and making network-wide decisions collaboratively.

The introduction to The New Tau written by Ohad Asor explains our situation quite accurately:-

Some of the main problems with collaborative decision making have to do with scales and limits that affect flow and processing of information. Those limits are so believed to be inherent in reality such that they're mostly not considered to possibly be overcomed. For example, we naturally consider the case in which everyone has a right to vote, but what about the case in which everyone has an equal right to propose what to vote over?

In small groups and everyday life we usually don't vote but express our opinions, sometimes discuss them, and the agreement or disagreement or opinions map arises from the situation. But on large communities, like a country, we can only think of everyone having a right to vote to some limited number of proposals. We reach those few proposals using hierarchical (rather decentralized) processes, in the good case, in which everyone has some right to propose but the opinions flow through certain pipes and reach the voting stage almost empty from the vast information gathered in the process. Yet, we don't even dare to imagine an equal right to propose just like an equal right to vote, for everyone, in a way that can actually work. Indeed how can that work, how can a voter go over equally-weighted one million proposals every day?

All known methods of discussions so far suffer from very poor scaling. Twice more participants is rarely twice the information gain, and when the group is too big (even few dozens), twice more participants may even reduce the overall gain into half and below, not just to not improve it times two.

It turns out that under certain assumptions we can reach truly efficiently scaling discussions and information flow, where 10,000 people are actually 100 times more effective than 100 people, in terms of collaborative decision making and collaborative theory formation. But for this we'll need the aid of machines, and we'll also need to help them to help us.

So how is Tau actually going to solve our communications bottleneck? It will be through a highly bespoke and non-trivial implementation of a logic-based Artificial Intelligence (AI). It's worth noting that AI in this case is more of a buzzword for marketing-speak, and it is actually not of the same variety as the industry standard implementations of deep machine-learning.

The distinction that must be made is that Tau is not the kind of AI that attempts to guess what the world is around them, including that of our opinions and the things we say or do. Instead, what we choose to communicate to Tau will be as definite as computer programs. It can be thought of as a persistent logic companion that helps us improve the scale our reasoning, logic, and bandwidth.

We can take the time to share what we want to share on the Tau network and most of the logic-based connections and operations will happen in the background over time, even when we're not paying attention in-person. Again, the use of the word AI is a misnomer here because it usually paints the picture of AI agents attempting to mimic human autonomy. That's not what Tau is about. In this case, thinking about Tau as just a logic machine should provide better clarity on what it actually is.

Indeed, Tau will offer a semantic social platform where we can discuss and store knowledge in a logical universe that helps us organize information, thereby empowering us in highly relevant ways. If you're worried about privacy, know that Tau is first-and-foremost designed as a local client with local processing and storage. The platform itself will be deployed as a decentralized peer-to-peer network, a place where we can connect and share our knowledge-base with anyone we desire.

The only price to pay in all of these is that we must speak in Tau-comprehensible languages, which can always be added and modified over time. A sophisticated language that can be defined over Tau may closely resemble natural languages, but it is really best to expect Tau as a machine-comprehensible language that only speaks in logic. Fortunately, logical formalism is something that we can easily deal with.

So it will be up to us to communicate with our local Tau client in a way that it'll understand our worldviews. When the machine understands what we share completely in some logical, mathematically-verifiable sense, it can then connect our dots with the rest of the Tau network, effectively boosting communications beyond the limits of human bandwidth, effectively scaling our points of discussion, consensus, and collaboration up to an infinite number of participants.

Code and consciousness.

Finally, we look at the last paragraph of Tau's introduction at http://idni.org:

Able to deduce consensus and understand discussions, Tau can automatically generate and execute code on consensus basis, through a process known as code synthesis. This will greatly accelerate knowledge production and expedite most large scale collaborative efforts we can imagine in today's world.

Since Tau is a logic blockchain that powers a semantic social choice platform, we can leverage it to have both small and large-scale discussions about program specifications, detect points of consensus, and even generate software in the process. Being able to go from discussions to the realization of decentralized applications would mean inclusive code development for the masses. It's also a unique addition to decentralization that no other blockchain projects have even thought about.


This is a platform that does not have ads and does not even store information on users, but does not censor the information that is posted and if you are active you even get rewarded with cryptocurrency. Steemit is the leader with this technology, but you can even find DTube, which is the YouTube alternative based off of blockchain.

The downside is Steemit has been so successful it is starting to draw a lot of competition. One competitor you will find is Narrative which is a beautifully designed website. This is one that is going to be similar to Steemit, but the governance is done by the users who create topic niches. Narrative has also decided to have part of its site to brands, which are able to spread themselves out on the platform by getting quality content out in front of people.

Narrative THE WORLD'S JOURNAL: A content community that rewards creators, moderators and all who add value.

You can also find Sapaien, which is a news platform; an alternative to LinkedIn called Indorse, and even ONG.Social which is a great program that is social and focuses quite a bit on the privacy of people.

SAPIEN Technologies UK

Often we are going to find that we are going to find different companies that are a great alternative to our normal entertainment and we often turn to Netflix and YouTube for this. The worst part is these companies have really taken the market control and this does not leave much room for competition. This allows people to create a lot of content, which the companies then collect and sell the data.

Often the users are going to publish the content on these platforms and hope they can make it big, but often do not make anything back for what they create. You will also see people have started to question the different censorship that YouTube is doing, how it changed its payment plan, and even how much Spotify pays to the musicians that are posting songs on the network.

You will find that a lot of blockchain programs are ready to disrupt this as well. The music industry has really seen a lot of bad deals hurt people and are really looking to take the lead to change this issue. Imogen Heap, a musician, has started her own project based off of blockchain called Mycelia which is meant to give the musicians and the creators of the music a fair price for the music they have made. You will also notice that you have Voise which is a great platform that is decentralized and very easy for the artists to reach their fans.

Flixxo is a company that is using Ethereum to try to dethrone YouTube, but you have Dtube as well from Steem. You will also see that another candidate to take down YouTube is Videocoin, which is a startup that managed to gain a lot of traction with a 35 million dollar ICO period.

If you are looking for storage solutions you will notice that you have Storage Cloud as a great solution. This is where you will find that you can store files and hardware easily for a cheap cost, but also access these from anywhere in the world.

The Best Cloud Storage and File-Sharing Services of 2018

The problem with cloud storage is all the information is going to be stored in a centralized location that people can have access to. This is the single point of problem because no matter how secure the cloud is only one company has it. This could easily lead to a compromise in the one company and when this happens you could easily have all of your data exposed to everyone.

Since that is the case, it is time to decentralize storage as well. This is where you will find Siacoin stepping up as the biggest company here. This is a company that allows people who have extra storage to rent it out for payments in the form of cryptocurrency. This is a company that could easily have some serious growth in the future because it is already cheaper than Google or Amazon.

Sia Cloud storage is about to change. Are you ready?

You will see another startup as well called Filecoin. This is a company that had a huge ICO and was one of the largest in history making 257 million. This is a company with a decentralized network that keeps the files stored, but at competitive prices. You will find that Storj has also thrown their hat into the ring as well with a great plan that is low on the price, but high in security with only the user getting into the data.

Filecoin A MASSIVE AMOUNT OF STORAGE SITES UNUSED IN DATA CENTERS AND HARD DRIVES AROUND THE WORLD.

Storj We are passionate about decentralization, and we love free and open-source software. Our mission is to rethink cloud storage, to provide the security, privacy, and transparency it’s missing.

The online advertisement model that is currently being used is not working right. Often you can see this just by visiting some of the companies that are advertising on the site like YouTube and Facebook. When you are running a website you know it is a big business and often when you ask people to subscribe you end up losing people rather quickly. Often the best way to make money is letting ads be shown on your site and the more traffic the more income you get from the ads.

The downside is most of the time people ignore the ads. When the people are not viewing the ads it is bad enough, but some people even have adblockers that keep the ads from showing up. Even Google, which makes the most money from the ads has an extension on the Chrome browser to block ads.

The changes that can happen is not the contribution of people clicking on the ads that are shown, but getting profitable based off of the contributions of the visitors. You will see that several blockchain companies are working on this. One of the biggest that is going on is Basic Attention Token. This is a company that has made the point of connecting the content creators, to the advertisers, and then the consumers without any major company acting in the middle.

Basic Attention Token BLOCKCHAIN-BASED DIGITAL ADVERTISING

You will notice that the company even has its own browser called Brave. This browers is one which the users are able to pay small transactions to the creators of the content they liked and the advertisers then pay the consumer for the attention. This is all done without anyone knowing about it.

You will also notice that you have Oyster Pearls which is another online advertisement model. This is a company that has an engine in the works that allows content consumers to contribute to the websites they love for the GPU and CPU which helps make the websites less dependent on ads. This is also going to allow the websites and the creators of the content to be stored on a decentralized platform, which is cheaper and even more secure.

Oyster ProtocolGoodbye Banner Ads. Hello Oyster. The future of website monetization and distributed storage, built on IOTA Tangle and Ethereum.

You will find a large project called Substratum that is being worked on for running the Internet. This platform will allow people to contribute computing resources to a decentralized web, which will not have any type of censor or control in place by an organization.

Substratum WE ARE THE FOUNDATION OF THE DECENTRALIZED WEB: Substratum is an open-source network that allows anyone to allocate spare computing resources to make the internet a free and fair place for the entire world.

You will find that the users are going to be paid with a crypto currency for helping t keep the Substratum running. You will notice that you can find the hosted content in the regular browser without anything interfering with what people are going to see. Just think what this can do for people who are oppressed by their government.

HackerNoon how hackers start their afternoons






Cloud Storage

The Best Cloud Storage and File-Sharing Services of 2018 Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it across devices? These top-rated services let you do just that.

Google Drive 5s $5/mo. Professional email, online storage, and more. Choose your G Suite plan. The first 14 days are free.

Review: Excelent, 4' stars

PROS
Generous free storage space. Excellent productivity-suite collaboration. Includes desktop-to-desktop file-syncing. Many third-party integrations. Cross-platform apps.

CONS
Consumer desktop utility stores everything locally. Privacy concerns. Productivity software less capable than Microsoft Office. No password-protection for shared files.

BOTTOM LINE
Google Drive is one of the slickest, fullest-featured, and most generous cloud storage and syncing services, with excellent productivity suite collaboration capabilities.

Professional email for you and your team, plus the complete G Suite.

Get 30GB of space in Google Drive and Gmail so you can store, access and share files from any device and keep your emails indefinitely.

Collaborate more quickly and efficiently using integrated online calendars, online documents with real-time editing, and video conferencing.

Microsoft OneDrive FREE

TRY ONEDRIVE FIRST

Do more wherever you go with Microsoft OneDrive. Get to and share your documents, photos, and other files from your Windows 10 phone, computer (PC or Mac), and any other devices you use. Use the Office mobile apps to stay productive and work together, no matter where you are. The OneDrive app for Windows 10 lets you easily work with your personal and work files when you’re on the go.
Save and share files with free online storage.

Quickly open and save OneDrive files in Office apps like Word, Excel, PowerPoint, and OneNote.

Easily find photos thanks to automatic tagging.

Share albums of your favorite photos and videos.

Review:

PROS
Excellent interface. Clients for Android, iOS, Mac, and Windows. Well integrated with Windows 10 and Office 365. Strong online photo presentation and management. Powerful file-sharing and document coediting.

CONS
Less free storage than Google Drive.

BOTTOM LINE
OneDrive, the default online storage and syncing service for Windows 10 and Office 365, offers a wealth of powerful features, as well as apps for more platforms than any of its competitors.

iDrive $13.90 for first year 3 TB of storage. Save 80%

Review:

PROS
Easy setup. Unlimited devices in one account. Disk image backup. File Explorer integration. Folder syncing. Archive Cleanup. IDrive Express for bulk uploads or restores.

CONS
Average performance. Storage isn't unlimited. Only keeps 10 past versions of files.

BOTTOM LINE
You won't find a better overall online backup service than the full-featured IDrive, especially for the price.

CertainSafe Digital Safety Deposit Box

Review:

PROS
MicroEncryption renders bulk data breach of cloud-stored files impossible. Logon handshake authenticates both user and server. Can share files with guests or other users. Retains previous versions of modified files. Secure chat.

CONS
If you forget password or security answers, you lose all access. Can only share entire folders, not files.

BOTTOM LINE
When backing up your sensitive files to the cloud, CertainSafe Digital Safety Deposit Box emphasizes security over all else, but it doesn't sacrifice ease of use.

Box Get a free 14-day trial of Box

Box enables you to securely share files, collaborate and get real work done with anyone, from any device. Sign up today and get:

Access Anywhere, Anytime. With unlimited cloud storage and mobile access to all your files, you can view, share and edit any kind of file, whether you're online or off.

Security Controls. Protect your files wherever they go with centralized security controls, multi-layered encryption, mobile security and more.

A Shared Online Workspace. With Microsoft Office 365 and Google Docs integrations, you can turn folders into collaboration spaces and edit files simultaneously with anyone—directly from Box.

Secure File Sharing. Easily share any file—even large ones—with a simple link, with anyone you want.

Review:

PROS
Easy to use. Fast and responsive apps. Rich features set. Well designed for collaboration. Generous free storage allotment.

CONS
Lack some collaboration features offered by the best of the competition.

BOTTOM LINE
Syncing and storage tool Box is easy to use and highly customizable, letting you integrate your account with a wide range of apps and services.


Email Professor Colby Glass, MAc, MLIS, PhDc, Prof. Emeritus
at