Satoshi-chan's computer lab : Bitcoin

Bitcoin-mining computer company faces shutdown by US authorities • Federal Trade Commission says Butterfly Labs charged almost $30,000 for machines that were all but useless

Bitcoin-mining computer company faces shutdown by US authorities • Federal Trade Commission says Butterfly Labs charged almost $30,000 for machines that were all but useless submitted by ItsAGreyArea to technology [link] [comments]

I've got a small lab of not very powerful computers (maybe like 20) that I'm looking to possibly set up Bitcoin mining, how do i get started? /r/BitcoinMining

I've got a small lab of not very powerful computers (maybe like 20) that I'm looking to possibly set up Bitcoin mining, how do i get started? /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin-mining computer company faces shutdown by US authorities • Federal Trade Commission says Butterfly Labs charged almost $30,000 for machines that were all but useless

Bitcoin-mining computer company faces shutdown by US authorities • Federal Trade Commission says Butterfly Labs charged almost $30,000 for machines that were all but useless submitted by RealtechPostBot to realtech [link] [comments]

Bitcoin mentioned around Reddit: ULPT: Get a job as an IT administrator at a university and set up all of the computer labs to mine cryptocurrency for you after hours. /r/UnethicalLifeProTips

Bitcoin mentioned around Reddit: ULPT: Get a job as an IT administrator at a university and set up all of the computer labs to mine cryptocurrency for you after hours. /UnethicalLifeProTips submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

My Story of BTC

This is my story of how I derped around during the last BTC bubble, made some dough, and saw my friend pile up a mountain of debt on himself, only to become a millionaire. I hope if you read it there is a moral somewhere, but I'm not so sure there is. (prices are approximate to dates, going back in my memory a bit)
OCT 2011: (BTC $4) (preface)
As an undergrad computer science major I mined a few coins in a cyber security class . It took about 2 months and I think it was around .89 BTC or something like that (Edit: OK so I probably didn't mine this much, but I had access to the computers in the graphics lab and during this time, and they were mining 24/7. We let them run for a while after the class before taking our share out). I think it was worth about $8 at the time. I thought this was really cool, but also remember at that time you couldn't do anything with it, especially where I lived. I just kind of forgot about it, got a new laptop sometime later, and eventually chucked that one with the coins on the hard drive... (it was just $8 and I had no way of spending it remember) oh well so much for those. Who knows how many coins were lost by these standards back in those days. I take in all the maths, graduate with marks, drink all the beer, laugh with friends, fun times.
May 2015: (BTC $234)
Fast forward.. I end up in Los Angeles, CA through another long set of tales. I live with aspiring actors and film makers grinding it out as waiters and bartenders. They are good mates and take me to parties on occasion where we meet all kinds of characters. I end up chatting with a guy (lets call him Bill) who's nuts about BTC. I explain to him that I know all about it, and he is ecstatic to find someone who understands what he is talking about. I haven't been paying much attention the past years, and he shows me how far its come in tech and price. I smack my forehead, knowing I tossed away 8/10ths of a coin (could have been beer money man). We become friends and talk about Bitcoin pretty regularly.
I don't buy initially, but Bill is giving it all he's got, buying left and right with anything extra dollar he can scrape up. He believes in it. I get so worried that Bill is going to loose what he put in that I just buy a bit (.1BTC) so I will be invested enough to watch it, to know if Bill is up or down. You can guess what happens at this point. Up we go. Bill makes money, I make money.
June 2016: (BTC $661)
All is well. I am happy that Bill didn't lose his money and hoping he will take and re-invest his earnings in a more diversified portfolio. I'm worried about the ~$100 I made in earnings, like do I file this? (lol younger me)
I meet with Bill for the first time in a while. I'm excited to share our gains. We both show our gains and cheers. He immediately tells me that he is looking at ways of taking out credit to buy more BTC.... WTF? I say. He quickly proceeds to tell me the banks turned him down, but he found out he can just buy BTC with credit cards... so he is filing 7 applications right now to see how many he can open to buy BTC... I think for a second. I do the rational thing. I try to talk him down, but no way. He's doing it. I don't know much about investment at this point, just math and percentages, but thats enough to make me beg him to not do it.... he doesn't listen.
By my estimates Bill purchased a total of $30K worth of BTC with combined cash and credit on hand at (my best guess) an average price of $589 per BTC. I invest what I have to spare from savings to just keep up with the train wreck I am worried about happening to Bill. I think I have .2 BTC at this point just to keep up with his insane position
August 2016: (BTC $576)
The first dip comes, and Bill is facing credit card bills with interest rates that will kick in soon (he will not be able to make the minimum payments). We discuss is troubles at this point frequently. I suggest he should liquidate and close the cards. He disagrees, and liquidates only a position large enough to pay the minimums and give him a bit of cash. Not only that but he use the cash to secure short term loans at higher interest in order to re-invest to make up the losses. I once again beg him to re-consider, but no... this is his path. I once again invest more to keep up with it, so I can keep up with Bill and his well being. I purchase a good bit more and have .5 BTC
November 2016: (BTC$758)
I move to another city and mostly forget about my interactions with Bill. He messages me a few times about the price going back up and being bullish about it once again. I do the same song and dance of trying to warn him to close his cards and positions to get out while he can. Nope he's holding strong. Nothing to be done. I assume I can't do anything to help this situation. Once the price busts above $900/BTC even I can't say anything. I've made money, he's made bank. I feel happy for him, but once again concerned. I know he is running on margin and don't want him to get sucked in, but I also don't want to weigh in on such a big investment at this point. He texts me about the gains, I mostly just give the thumbs up back, knowing I can't back down at this point, but I don't want to be around him if it fails.
Jun 2017: (BTC $3000)
I have mostly lost touch with Bill because I live in another city. I never sold my BTC though, and I never forgot about him. Around Feb. 2017 I visited LA and saw Bill. I thanked him for making me the money that I held now in BTC. I asked him what he was doing with his stake. As always he was ready for the apocalypse to happen and for his BTC to be the only currency left somehow. He was holding stone cold. I wasn't persuading at this point, hell, I was holding myself.
Dec 2017: (BTC $16000)
While I thought I would never be swept up in the chaos that is BTC... I was. The amount of BTC I hadn't sold (.3BTC) was making even me feel like a genius. I had made so much money off just forgetting about something over months at a time. I often thought about Bill, but I didn't envy, in fact I really hoped he had paid off his credit card debts and was sitting on his fat profit. I watched BTC Youtube channels and debated if we would go to $100K or if this was it. I couldn't take the pressure and sold half my position @ around $16K/BTC
2018-2019 (BTC $20K -> $3.5K) (Epiloge)
In early 2018 price went up to $20k before quickly falling back to 10K. Thankfully I sold the rest of my position on the way down at about the same point as on the way up ($16k). I bought a few back in 2019 but have never really put as much capital back in as I made. As for Bill, well I told you at the beginning. Bill is a millionaire. My best estimates based on my text with him is he cashed out @ around an average of $17k/BTC. Even after taxes, he ended up real nice. I don't know if he was in the run up in 2019 but I must assume he was.
Looking at the market today, I'm not sure this story will repeat itself... maybe it will.
submitted by OkOkay to Bitcoin [link] [comments]

August / September monthly report from v1docq47 (CCS + XRM.RU)

This is my monthly progress report (CCS.html) + XMR.RU).
Below is a list of what has been done and translated into Russian for two months of my work.

Monero Video (YouTube)

The following video posted on Monero Russian Community YouTube Channel.

Weekly News:

Short Q&A about Monero:

Monero into Russian (Translation)

The following articles / guides have been translated into Russian and posted on the XMR.RU website and my Github repository.
Note: If you would like to read the original article in English, then, open the article you are interested in, and at the end of each article you will find a link to the source.

Critical Decentralisation Cluster 36c3 (transcriptions (EN + RU) + translation (RU)):

01 - Monero Introduction (Diego "rehrar" Salazar) | Transcriptions - EN.md) / RU.md) / XMR.RU 02 - RIAT Introduction (parasew) | Transcriptions - EN.md) / RU.md) / XMR.RU 03 - Swiss Cryptoeconomics Assembly (polto, Ome) | Transcriptions - EN.md) / RU.md) / XMR.RU 04 - Namecoin Introduction (Jeremy Rand) | Transcriptions - EN.md) / RU.md) / XMR.RU 05 - Open Hardware developed at FOSSASIA (Mario Behling) | Transcriptions - EN.md) / RU.md) / XMR.RU 06 - Paralelni Polis (Juraj Bednar) | Transcriptions - EN.md) / RU.md) / XMR.RU 07 - Introduction to Replicant (dllud, Denis ‘GNUtoo’ Carikli)​ | Transcriptions - EN.md) / RU.md) / XMR.RU 08 - Open Source Hardware and OSHWA (Drew Fustini) | Transcriptions - EN.md) / RU.md) / XMR.RU 09 - ImplicitCAD (Juila Longtin) | Transcriptions - EN.md) / RU.md) / XMR.RU 10 - Program in Detail | Transcriptions - EN / RU / XMR.RU 11 - about:freedom (Bonnie Mehring, Blipp)​ | Transcriptions - EN.md) / RU.md) / XMR.RU 13 - Funding Models of FOSS (Diego “rehrar” Salazar) | Transcriptions - EN.md) / RU.md) / XMR.RU 14 - The Sharp Forks We Follow​ | Transcriptions - EN / RU / XMR.RU 16 - P2P Trading in Cryptoanarchy | Transcriptions - EN / RU / XMR.RU 17 - Monero’s Adaptive Blockweight Approach to Scaling | Transcriptions - EN / RU / XMR.RU 18 - Nym (Harry Halpin)​ | Transcriptions - EN.md) / RU.md) / XMR.RU 19 - Digital Integrity of the Human Person | Transcriptions - EN / RU / XMR.RU 20 - cyber~Congress (Sergey Simanovsky) | Transcriptions - EN.md) / RU.md) / XMR.RU 21 - KYC & Crypto-AML Tools (polto) | Transcriptions - EN.md) / RU.md) / XMR.RU 22 - Parallel Polis, Temporary Autonomous Zones and Beyond | Transcriptions - EN / RU 23 - MandelBot:HAB - Open Source Ecotecture and Horizontalism | Transcriptions - EN / RU 24 - Adventures and Experiments Adding Namecoin to Tor Browser | Transcriptions - EN / RU 25 - Fair Data Society (Gregor Zavcer) | Transcriptions - EN.md) / RU.md) / XMR.RU 45 - Designing a Communal Computing Interface | Transcriptions - EN / RU / XMR.RU 47 - Hackatoshi’s Flying Circuit | Transcriptions - EN / RU / XMR.RU

Zero to Monero - Second Edition

https://www.overleaf.com/read/hcmqnvgtfmyh - Chapter 00 - Abstract - Chapter 01 - Introduction - Chapter 02 - Basic Concepts - Chapter 03 - Advanced Schnorr-like Signatures

Monero Outreach Articles

Getmonero.org Posts Blog

LocalMonero Articles

Note: You need "Change Language" to Russian - Why Monero Has A Tail Emission - How CLSAG Will Improve Monero's Efficiency - How Monero Solved the Block Size Problem That Plagues Bitcoin - How Ring Signatures Obscure Monero's Outputs - Monero Best Practices for Beginners - Monero Outputs Explained

Monero Meeting logs

CCS Result / Report

Monero News

Other Articles

Pull / Merge Request

Monero Project Translations (Weblate)

Thanks for your support!
submitted by v1docq47 to Monero [link] [comments]

Crypto Weekly News

What important crypto events happened last week?
Cryptocurrencies
Monero Presents New Legal Framework In Defense Of Privacy Coins
Riccardo Spagni presented the result of more than a year's work. A whitepaper titled "Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies" has been published. The document was conceived as a new legal framework to protect confidential coins such as Monero, Zcash, Dash, Komodo, and others.
Tether Is Moving 1 Billion More USDT Coins From TRON To Ethereum Blockchain
The total supply of coins will not change. The company carried out the swap on September 15, coordinating its actions "with a third party". In recent weeks, this is the second such stablecoin transfer between blockchains — on August 20, the issuer also moved USDT 1 billion from Tron to Ethereum. Another piece of news about Tether: USDT capitalization exceeded $15 billion, having increased by $3 billion in just a month.
Projects and Updates
Kraken Receives Licence To Establish First U.S Digital Assets Bank
The Kraken Bitcoin exchange was the first in the United States to receive the status of a special purpose depository institution (SPDI), giving it the functions of a traditional financial institution. The corresponding application of the Californian company was approved by the Wyoming Banking Council. This will allow Kraken to opt-out of third-party vendors to perform certain banking functions on its own.
Official Ethereum Proof-of-Stake Algorithm Proposal Published
Ethereum Foundation Lead Developer Danny Ryan has published the official proposal EIP-2982, which suggests the launch of Ethereum 2.0 and the transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. If approved by other leading developers, it will be possible to launch Serenity, Ethereum 2.0 phase zero. Within its framework, the Beacon Chain will be activated, which will use Proof-of-Stake.
Uniswap Provides All Its Users With $1.200
Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. It was listed on the Binance exchange almost immediately. About 13000 Uniswap users have already requested tokens.
Regulations
New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies
The European Commission proposed to establish a legal framework for cryptocurrencies, security tokens, and stablecoins by analogy with the requirements for traditional financial instruments. This is stated in the Cryptocurrency Asset Markets Bill. The bill proposes to treat cryptocurrency assets like any other financial instrument. According to the European Commission, this will provide legal clarity.
Digital Assets Recognized As Securities In Nigeria
The regulator clarified that cryptocurrencies offer public alternative investment opportunities. Digital assets can be used as a medium of exchange, settlement, and accumulation. In order to protect investors from risks and not violate the integrity of the market, crypto assets must be controlled on an equal basis with securities. The main task of regulation is not to discourage the development of new technologies, but to ensure fair market competition and adherence to ethical standards.
Hacking
Japanese Crypto Exchange Sues Binance for Role in $63 Million Bitcoin Hack
The Japanese company Fisco Cryptocurrency Exchange, Inc has filed a US lawsuit against Binance Holdings Ltd., accusing it of providing a service to launder cryptocurrency stolen from the Zaif exchange in 2018. Fisco acquired Zaif in 2018 shortly after the hack. Over $9 million in stolen assets could have been funneled through Binance. The company notes that analysts were able to track the movement of all stolen $63 million to one bitcoin address. Subsequently, 1,451.7 BTC were sent from it to Binance addresses.
New Virus Attacks Microsoft SQL Database Servers For Monero Mining
Tencent's cybersecurity division has discovered a new miner virus called MrbMiner. The tactics of the virus are quite simple — the botnet scans the available IP addresses in search of Microsoft SQL servers, and if it detects such, it tries to log in under the administrator account using a brute-force password. If successful, the virus downloads the assm.exe file, which implements a reboot mechanism and creates a special account for hackers to access the server. After that, MrbMiner downloads a miner for mining the anonymous cryptocurrency Monero (XMR).
Mass adoption
Bahamas Geared to Launch Central Bank Digital Currency
The Bahamas wants to be the first country in the world to roll out a government-backed virtual currency nationwide and announced they will launch a central bank-issued cryptocurrency (CBDC) in October. The digital currency, dubbed "sand dollar", is designed to increase the financial availability of remote islands within the archipelago state.
Alibaba On Track To Be The Largest Blockchain Patent Holder By End Of 2020
Computer giant IBM risks losing the title of the largest blockchain patent holder to the Chinese corporation Alibaba. Since the beginning of the year, Alibaba has published ten times more patents than its closest competitor, IBM. According to analysts, if the pace is maintained, the Chinese corporation will become the largest patent holder by the end of the year.
France Begins Central Bank Digital Currency Testing
Société Générale — one of the largest financial conglomerates in Europe — will test the central bank digital currency (CBDC) on the Tezos blockchain. The Bank of France, as a result of the selection of partners, chose the Forge blockchain platform to test CBDC for interbank settlements. As part of the experiment, the feasibility of digitizing financial securities and the possibility of settlements on them using CBDC will be studied. In addition to Nomadic Labs, several technology service providers and consultants will participate in the testing.
Kazakhstan Will Develop A Blockchain Service For Ensuring The Security Of Personal Data
It will allow citizens of the country to control the use of their personal data. The service is planned to be introduced by the end of this year.
People
Kiss Rock Group Member Is Ready To Buy Bitcoin
Gene Simmons supported Cameron Winklevoss's request to use bank accounts to buy Bitcoin and Ether. The co-founder of Gemini tweeted that people who do not have access to banking services find it difficult to become the owners of cryptocurrency and that they need to take advantage of the benefits. The musician commented as follows: "I will. I am." For this moment, the most common opinion on Twitter is that Simmons is already buying cryptocurrency and will continue to increase the amount of Bitcoin he owns.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News

What important crypto events happened last week?
Cryptocurrencies
Monero Presents New Legal Framework In Defense Of Privacy Coins
Riccardo Spagni presented the result of more than a year's work. A whitepaper titled "Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies" has been published. The document was conceived as a new legal framework to protect confidential coins such as Monero, Zcash, Dash, Komodo, and others.
Tether Is Moving 1 Billion More USDT Coins From TRON To Ethereum Blockchain
The total supply of coins will not change. The company carried out the swap on September 15, coordinating its actions "with a third party". In recent weeks, this is the second such stablecoin transfer between blockchains — on August 20, the issuer also moved USDT 1 billion from Tron to Ethereum. Another piece of news about Tether: USDT capitalization exceeded $15 billion, having increased by $3 billion in just a month.
Projects and Updates
Kraken Receives Licence To Establish First U.S Digital Assets Bank
The Kraken Bitcoin exchange was the first in the United States to receive the status of a special purpose depository institution (SPDI), giving it the functions of a traditional financial institution. The corresponding application of the Californian company was approved by the Wyoming Banking Council. This will allow Kraken to opt-out of third-party vendors to perform certain banking functions on its own.
Official Ethereum Proof-of-Stake Algorithm Proposal Published
Ethereum Foundation Lead Developer Danny Ryan has published the official proposal EIP-2982, which suggests the launch of Ethereum 2.0 and the transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. If approved by other leading developers, it will be possible to launch Serenity, Ethereum 2.0 phase zero. Within its framework, the Beacon Chain will be activated, which will use Proof-of-Stake.
Uniswap Provides All Its Users With $1.200
Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. It was listed on the Binance exchange almost immediately. About 13000 Uniswap users have already requested tokens.
Regulations
New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies
The European Commission proposed to establish a legal framework for cryptocurrencies, security tokens, and stablecoins by analogy with the requirements for traditional financial instruments. This is stated in the Cryptocurrency Asset Markets Bill. The bill proposes to treat cryptocurrency assets like any other financial instrument. According to the European Commission, this will provide legal clarity.
Digital Assets Recognized As Securities In Nigeria
The regulator clarified that cryptocurrencies offer public alternative investment opportunities. Digital assets can be used as a medium of exchange, settlement, and accumulation. In order to protect investors from risks and not violate the integrity of the market, crypto assets must be controlled on an equal basis with securities. The main task of regulation is not to discourage the development of new technologies, but to ensure fair market competition and adherence to ethical standards.
Hacking
Japanese Crypto Exchange Sues Binance for Role in $63 Million Bitcoin Hack
The Japanese company Fisco Cryptocurrency Exchange, Inc has filed a US lawsuit against Binance Holdings Ltd., accusing it of providing a service to launder cryptocurrency stolen from the Zaif exchange in 2018. Fisco acquired Zaif in 2018 shortly after the hack. Over $9 million in stolen assets could have been funneled through Binance. The company notes that analysts were able to track the movement of all stolen $63 million to one bitcoin address. Subsequently, 1,451.7 BTC were sent from it to Binance addresses.
New Virus Attacks Microsoft SQL Database Servers For Monero Mining
Tencent's cybersecurity division has discovered a new miner virus called MrbMiner. The tactics of the virus are quite simple — the botnet scans the available IP addresses in search of Microsoft SQL servers, and if it detects such, it tries to log in under the administrator account using a brute-force password. If successful, the virus downloads the assm.exe file, which implements a reboot mechanism and creates a special account for hackers to access the server. After that, MrbMiner downloads a miner for mining the anonymous cryptocurrency Monero (XMR).
Mass adoption
Bahamas Geared to Launch Central Bank Digital Currency
The Bahamas wants to be the first country in the world to roll out a government-backed virtual currency nationwide and announced they will launch a central bank-issued cryptocurrency (CBDC) in October. The digital currency, dubbed "sand dollar", is designed to increase the financial availability of remote islands within the archipelago state.
Alibaba On Track To Be The Largest Blockchain Patent Holder By End Of 2020
Computer giant IBM risks losing the title of the largest blockchain patent holder to the Chinese corporation Alibaba. Since the beginning of the year, Alibaba has published ten times more patents than its closest competitor, IBM. According to analysts, if the pace is maintained, the Chinese corporation will become the largest patent holder by the end of the year.
France Begins Central Bank Digital Currency Testing
Société Générale — one of the largest financial conglomerates in Europe — will test the central bank digital currency (CBDC) on the Tezos blockchain. The Bank of France, as a result of the selection of partners, chose the Forge blockchain platform to test CBDC for interbank settlements. As part of the experiment, the feasibility of digitizing financial securities and the possibility of settlements on them using CBDC will be studied. In addition to Nomadic Labs, several technology service providers and consultants will participate in the testing.
Kazakhstan Will Develop A Blockchain Service For Ensuring The Security Of Personal Data
It will allow citizens of the country to control the use of their personal data. The service is planned to be introduced by the end of this year.
People
Kiss Rock Group Member Is Ready To Buy Bitcoin
Gene Simmons supported Cameron Winklevoss's request to use bank accounts to buy Bitcoin and Ether. The co-founder of Gemini tweeted that people who do not have access to banking services find it difficult to become the owners of cryptocurrency and that they need to take advantage of the benefits. The musician commented as follows: "I will. I am." For this moment, the most common opinion on Twitter is that Simmons is already buying cryptocurrency and will continue to increase the amount of Bitcoin he owns.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to cryptoeconomynet [link] [comments]

Crypto Weekly News — September, 18

What important crypto events happened last week?

Cryptocurrencies

Monero Presents New Legal Framework In Defense Of Privacy Coins
Riccardo Spagni presented the result of more than a year's work. A whitepaper titled "Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies" has been published. The document was conceived as a new legal framework to protect confidential coins such as Monero, Zcash, Dash, Komodo, and others.
Tether Is Moving 1 Billion More USDT Coins From TRON To Ethereum Blockchain
The total supply of coins will not change. The company carried out the swap on September 15, coordinating its actions "with a third party". In recent weeks, this is the second such stablecoin transfer between blockchains — on August 20, the issuer also moved USDT 1 billion from Tron to Ethereum. Another piece of news about Tether: USDT capitalization exceeded $15 billion, having increased by $3 billion in just a month.

Projects and Updates

Kraken Receives Licence To Establish First U.S Digital Assets Bank
The Kraken Bitcoin exchange was the first in the United States to receive the status of a special purpose depository institution (SPDI), giving it the functions of a traditional financial institution. The corresponding application of the Californian company was approved by the Wyoming Banking Council. This will allow Kraken to opt-out of third-party vendors to perform certain banking functions on its own.
Official Ethereum Proof-of-Stake Algorithm Proposal Published
Ethereum Foundation Lead Developer Danny Ryan has published the official proposal EIP-2982, which suggests the launch of Ethereum 2.0 and the transition from the Proof-of-Work consensus algorithm to Proof-of-Stake. If approved by other leading developers, it will be possible to launch Serenity, Ethereum 2.0 phase zero. Within its framework, the Beacon Chain will be activated, which will use Proof-of-Stake.
Uniswap Provides All Its Users With $1.200
Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. It was listed on the Binance exchange almost immediately. About 13000 Uniswap users have already requested tokens.

Regulations

New Draft Law Suggests The European Union Is Set To Regulate Cryptocurrencies
The European Commission proposed to establish a legal framework for cryptocurrencies, security tokens, and stablecoins by analogy with the requirements for traditional financial instruments. This is stated in the Cryptocurrency Asset Markets Bill. The bill proposes to treat cryptocurrency assets like any other financial instrument. According to the European Commission, this will provide legal clarity.
Digital Assets Recognized As Securities In Nigeria
The regulator clarified that cryptocurrencies offer public alternative investment opportunities. Digital assets can be used as a medium of exchange, settlement, and accumulation. In order to protect investors from risks and not violate the integrity of the market, crypto assets must be controlled on an equal basis with securities. The main task of regulation is not to discourage the development of new technologies, but to ensure fair market competition and adherence to ethical standards.

Hacking

Japanese Crypto Exchange Sues Binance for Role in $63 Million Bitcoin Hack
The Japanese company Fisco Cryptocurrency Exchange, Inc has filed a US lawsuit against Binance Holdings Ltd., accusing it of providing a service to launder cryptocurrency stolen from the Zaif exchange in 2018. Fisco acquired Zaif in 2018 shortly after the hack. Over $9 million in stolen assets could have been funneled through Binance. The company notes that analysts were able to track the movement of all stolen $63 million to one bitcoin address. Subsequently, 1,451.7 BTC were sent from it to Binance addresses.
New Virus Attacks Microsoft SQL Database Servers For Monero Mining
Tencent's cybersecurity division has discovered a new miner virus called MrbMiner. The tactics of the virus are quite simple — the botnet scans the available IP addresses in search of Microsoft SQL servers, and if it detects such, it tries to log in under the administrator account using a brute-force password. If successful, the virus downloads the assm.exe file, which implements a reboot mechanism and creates a special account for hackers to access the server. After that, MrbMiner downloads a miner for mining the anonymous cryptocurrency Monero (XMR).

Mass adoption

Bahamas Geared to Launch Central Bank Digital Currency
The Bahamas wants to be the first country in the world to roll out a government-backed virtual currency nationwide and announced they will launch a central bank-issued cryptocurrency (CBDC) in October. The digital currency, dubbed "sand dollar", is designed to increase the financial availability of remote islands within the archipelago state.
Alibaba On Track To Be The Largest Blockchain Patent Holder By End Of 2020
Computer giant IBM risks losing the title of the largest blockchain patent holder to the Chinese corporation Alibaba. Since the beginning of the year, Alibaba has published ten times more patents than its closest competitor, IBM. According to analysts, if the pace is maintained, the Chinese corporation will become the largest patent holder by the end of the year.
France Begins Central Bank Digital Currency Testing
Société Générale — one of the largest financial conglomerates in Europe — will test the central bank digital currency (CBDC) on the Tezos blockchain. The Bank of France, as a result of the selection of partners, chose the Forge blockchain platform to test CBDC for interbank settlements. As part of the experiment, the feasibility of digitizing financial securities and the possibility of settlements on them using CBDC will be studied. In addition to Nomadic Labs, several technology service providers and consultants will participate in the testing.
Kazakhstan Will Develop A Blockchain Service For Ensuring The Security Of Personal Data
It will allow citizens of the country to control the use of their personal data. The service is planned to be introduced by the end of this year.

People

Kiss Rock Group Member Is Ready To Buy Bitcoin
Gene Simmons supported Cameron Winklevoss's request to use bank accounts to buy Bitcoin and Ether. The co-founder of Gemini tweeted that people who do not have access to banking services find it difficult to become the owners of cryptocurrency and that they need to take advantage of the benefits. The musician commented as follows: "I will. I am." For this moment, the most common opinion on Twitter is that Simmons is already buying cryptocurrency and will continue to increase the amount of Bitcoin he owns.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

So THIS is where our tuition money went

submitted by Ricky_RZ to UofT [link] [comments]

Recap on CoinEx & Avalanche AMA Aug 5, 2020

Recap on CoinEx & Avalanche AMA Aug 5, 2020
Written by SatoshisAngels
Published by read.cash
On August 5th 2020, Satoshi’s Angels hosted an AMA for CoinEx on “How BCH and Avalanche Are Bringing Financial Freedom to 6 Billion People” on a Chinese platform Bihu. During the 100-minute event, Haipo Yang of ViaBTC and CoinEx, and Emin Gun Sirer of AVA Labs shared their in-depth views on such topics as different consensus mechanisms, community governance, IPFS, Defi. And Haipo explained why he wants to fork BCH. This is the full text.
You can check out the full AMA here (mostly in Chinese with some English translation).

https://preview.redd.it/x790bw58axf51.png?width=1920&format=png&auto=webp&s=03c8af942f8f14d98d5dd693adf9e2a50448d61d
Cindy Wang (Satoshi’s Angels): There are news saying that you are to fork BCH. Is it a marketing makeover? Are you serious about it?
Haipo Yang: It’s definitely not a marketing makeover. But the details are not decided yet.
Over the past three years, the BCH community has gone through multiple discussions from reducing block time, changing mining algorithms, adding smart contracts, etc. But none of these disputes have been well settled.
BCH is a big failure in terms of governance. A lack of good governance has made it fall in disorder. It is too decentralized to make progress.
You may know that the first BCH block was mined by ViaBTC. And we gave a lot of support to it indeed. But we didn’t dominate the fork. The Chinese community in particular thought I had a lot of influence, but it was not true.
I think the whole community is very dissatisfied with Bitcoin ABC, but it is difficult to replace them or change the status quo. So I am thinking of creating a new branch of BCH. The idea is still in early stage. I welcome anyone interested to participate and discuss it with me.
Wang: Professor Emin, what’s your attitude to fork? Do you think it’s a good timing to fork BCH?
Emin Gun Sirer: I am a big fan of BCH. It adheres to the original vision of Satoshi Nakamoto. I like the technical roadmap of BCH. But just like what Haipo mentioned, BCH lacks a good governance mechanism. There are always something that can cause BCH community to divide itself.
But I think it’s not enough to just have a good governance mechanism. There are many good proposals in the community but failed to be adopted in the end. I think BCH needs social leadership to encourage discussion when there are new proposals.
Wang: We are all curious to know How Avalanche got its name?
I know that Avalanche doesn’t mean well in Chinese. But in English, it’s a very powerful word. Avalanche represents a series of algorithms piling together like a mountain. When decisions slowly form, the ball (nodes in the network) on top of the mountain starts going down the hill on one side, and it gets bigger and bigger, and like an avalanche and it becomes unstoppable, making the transaction final.
Wang: Prof. Emin, I know that you are a big blocker. Have you ever considered implementing Avalanche based on BCH? Why create another chain?
Sirer: Of course I considered that. Satoshi Nakamoto consensus is wonderful, but the proof-of-work mechanism and Nakamoto consensus base protocols have some shortcomings, such as network latency, and it is hard to scale. Avalanche, instead, is totally different, and is the new biggest breakthrough in the past 45 years. It is flexible, fast, and scalable. I’d love to implement BCH on top of avalanche in the future, to make BCH even better by making 0-conf transactions much more secure.
Wang: As an old miner, why did CoinEx Chain choose to “abandon” POW, and turn to POS mechanism?
Haipo: Both POW and POS consensus algorithms have their own advantages. POW is not just a consensus algorithm, but also a more transparent and open distribution method of digital currency. Anyone can participate in it through mining.
POW is fairer. For a POS-based network, participants must have coins. For example, you need to invest ICO projects to obtain coins. But developers can get a lot of coins almost for free. In addition, POW is more open. Anyone can participate without holding tokens. For example, as long as you have a computer and mining rigs, you can participate in mining. Openness and fairness are two great features of POW. POS is more advanced, safe and efficient.
POS is jointly maintained by the token holders, and there is no problem of 51% attacks. Those who hold tokens are more inclined to protect the network than to destroy the network for their own interests. To disrupt the network, you need to buy at least two-thirds of the token, which is very difficult to achieve. And when you actually hold so many coins, it’s barely possible for you to destroy the network.
POW has the problem of 51% attack. For example, ETC just suffered the 51% attack on August 3. And the cost to do that is very low. It can be reorganized with only tens of thousands of dollars. This is also a defect of POW.
In addition, in terms of TPS and block speed, POS can achieve second-level speed and higher TPS. Therefore, CoinEx Chain chose POS because it can bring a faster transaction experience. This is very important for decentralized exchanges. Both POW and POS have their own advantages. It’s a matter of personal choice. When choosing a consensus mechanism, the choice must be made according to the characteristics of the specific project.
https://preview.redd.it/upbayijaaxf51.jpg?width=1055&format=pjpg&auto=webp&s=703e3b6a493a76f86bc9045e784d174bde9d3c42
Wang: Ethereum is switching to ETH 2.0. If they succeed, do you think it will lead the next bull market?
Sirer: If Ethereum 2.0 can be realized, it must be a huge success.
But I doubt it can be launched anytime soon considering that it has been constantly delayed. And even if it comes out, I am not so sure if it will address the core scaling problem. And the main technology in Ethereum 2.0 is sharding. Sharding technology divides the Ethereum networks into small parallel groups, but I think what will happen is everyone wants to be in the same “shard” so the sharding advantages might not be realizable in Ethereum 2.0.
Avalanche supports Ethereum’s virtual machine, and Avalanche can realize 1 second level confirmation, while with sharding finalizing confirmation takes 5–6 seconds at best. Avalanche approach to make Ethereum scale is superior to Ethereum 2.0. There are many big players behind Ethereum 2.0, and I wish them success. But I believe that Avalanche will be the fastest and best Smart Contract platform in the crypto space, and it is compatible with Ethereum.
Wang: Why is Avalanche a real breakthrough?
Sirer: Avalanche is fundamentally different from previous consensus mechanisms. It’s very fast with TPS surpasses 6500, which is three times that of VISA. Six confirmations can be achieved in one second. Compared with the POW mechanism of Bitcoin and Bitcoin Cash, Avalanche’s participation threshold is very low. It allows multiple virtual machines to be built on the Avalanche protocol.
Avalanche is not created to compete with Bitcoin or fiat currencies such as the US dollar and RMB. It’s not made to compete with Ethereum, which is defined as the “world’s computer”. Avalanche is positioned to be an asset issuance platform to tokenize assets in the real world.
Wang: How do you rank the importance of community, development, governance, and technology to a public chain?
Sirer: These four are like the legs of a table. Every foot is very important. The table cannot stand without strong support.
A good community needs to be open to welcome developers and people. Good governance is especially important, to figure out what users need and respect their voices. Development needs to be decentralized. Avalanche has developers all over the world. And it has big companies building on top of Avalanche.
Yang: From a long-term perspective, I think governance is the most important thing, which is the same as running a company.
In the long run, technology is not important. Blockchain technology is developed based on an open source softwares that are free to the community. Community is also not the most important factor.
I think the most important thing is governance. Decentralization is more about technical. For example, Bitcoin, through a decentralized network method, ensures the openness and transparency of data assets, and the data on the chain cannot be tampered with, ensuring that the total amount of coins has a fixed upper limit.
But at the governance level, all coins are centralized at some degree. For example, BCH developers can decide to modify the protocol. In a sense, it is the same as managing a company.
Historically, the reasons for the success and failure of companies all stem from bad governance. For example, Apple succeeded based on Steve Jobs’s charisma, leadership and the pursuit of user experience. When Jobs was kicked out, Apple suffered great losses. After Jobs returned, he made Apple great again.
Issues behind Bitmain is also about governance. Simply put, governance requires leaders who have a longer-term vision and are more capable of coordinating and balancing the resources and interests of all parties to lead the community.
In the blockchain world, many people focus on technology. In fact, technology is not enough to make great products. User experience is most important. Users don’t care about the blockchain technology itself, but more concerned about whether it is easy to use and whether it can solve my problem.
We need to figure out how to deliver a product like Apple. The pursuit of user experience is also governance in nature. And governance itself lies in the soul of key leaders in the community.
Realize tokenization of assets in.
https://preview.redd.it/14jf1bvcaxf51.jpg?width=1082&format=pjpg&auto=webp&s=c312912142c38de986f42912086e205354162190
Wang: Speaking of asset tokenization, I would like to ask Haipo, do you think the market for assets on the chain is big?
Yang: It must be very big. We need to see which assets can be tokenized.
Assets that can be tokenized are standardized assets, sush as currencies and securities.
  1. In terms of currency, Tether has issued over 10 billion U.S. dollars. Many people think that’s too much. But I think this market is underestimated. The market for stablecoins in the future must be hundreds of billions or even trillions, especially after the release of Facebook’s Libra. Even US dollar might be issued based on the blockchain in the future.
At present, the settlement of USD currency is through the SWIFT system. But the SWIFT system itself is only a clearing network, a messaging system, not a settlement network. It takes a long time for clearing and settlement, and it is not reliable. But both USDT and USDC can quickly realize cross-border transfers in seconds and realize asset delivery. Even sovereign currencies are likely to be issued on the blockchain. I believe RMB also has such a plan.
  1. Equity and securities markets are the largest market. But they have strict requirements for market access.
Whether a stock is listed on A-shares or in the American markets, it’s hard to obtain them. I believe that the blockchain can completely release the demand through decentralization. It can allow any tiny company or even a project to issue, circulate and finance a token.
There may be only tens of thousands of stocks currently traded globally. There are also tens of thousands of tokens in the crypto space. I believe that millions or more of assets will be traded and circulated in the future. This can only be realized through decentralized technology and organization.
The market for assets tokenization will be huge. And at present, the entire blockchain technology is still very primitive. Bitcoin and Ethereum only have a few or a dozen TPS, which is far from meeting market demand. This is why CoinEx is committed to building a decentralized Dex public chain.
Wang: Avalanche’s paper was first published on IPFS. What do you think of IPFS?
Sirer: I personally like IPFS very much. It is a decentralized storage solution.
Yang: There is no doubt that IPFS solves the problem of decentralized storage, and can be robust in the blockchain world, and can replace HPPT services. But there are still three problems:
  1. IPFS is not for ordinary users. Everybody needs BCH and BTC, but only developers need IPFS, which is a relatively niche market;
  2. IPFS is more expensive than traditional storage solutions, which further reduces its practicality. In order to achieve decentralization, more copies must be stored, and more hardware devices must be consumed. In the end, these costs will be on to users.
  3. There may be compliance issues. If you use IPFS to store sensitive information, such as info from WikiLeaks, it may end up threatening national security. I doubt that decentralized storage and decentralized public chains can survive under the joint pressure of global governments.
The IPFS project solves certain problems. But from the perspective of application prospects, I am pessimistic.
Wang: What do you think of Defi?
Yang: I want to talk about the concept first.
Broadly speaking, the entire blockchain industry is DeFi in nature. Blockchain is to realize the circulation of currency, equity, and asset value through decentralization.
So in a broad sense, blockchain itself is DeFi. In a narrow sense, DeFi is a financial agreement based on smart contracts. DeFi, through smart contracts, can build applications more flexibly. For example, before we could only use Bitcoin to transfer and pay. Now with smart contracts, flexible functions such as lending, exchange, mortgage , etc. are available. The entire blockchain industry is gradually evolving under the conditions of DeFi. DeFi will definitely get greater development in the future.
Sirer: I think Defi will definitely have a huge impact. DeFi is not only an innovation in the cryptocurrency field, but also an innovation in the financial field. Wall Street companies have stagnated for years with no innovation. Avalanche fits different DeFi needs, including performance and compliance. In the future, not only will Wall Street simply adopt DeFi, but DeFi will grow into a huge market that will eventually replace the traditional financial system.
Questions from the community:
1. How does Avalanche integrate with DeFi?
Sirer: At present, all DeFi applications on Avalanche have surpassed Ethereum. What can be achieved on Ethereum can be achieved on Avalanche with better user experience. We are currently connecting with popular DeFi projects such as Compound and MakerDao to add part of or all of their functions.
At present, Avalanche is working on decentralized exchange (DEX). The current DEXs are limited by speed and performance but when they are built on top of Avalanche it will be real-time and very fast.
2. How many developers does BCH have?
Yang: I think it does not matter how many developers there are. What matters is what should be developed. I watched Jobs’ video the other day, and it inspired me a lot. We are not piecing together technology to see what technology can do. It’s we figure out what we want first and then we use the technology we need.
The entire blockchain community worship developers. Such as they call Vitalik “V God”. It’s not necessary to treat developers as wizards. Developers are programmers, and I myself is also a programmer.
ViaBTC has a development team of over 100 people, including core members from Copernicus (a dev team formerly belonged to Bitmain). Technically we are very confident to build faster, stabler, and better user experience products.
submitted by CoinExcom to btc [link] [comments]

Satoshi-chan's computer lab

Does anyone have any info of satoshi's lab from the beginning of bitcoin mining , like the setup of the fpgas and computers Any info is appreciated Ps: satoshi if your reading this just leak the setup please
submitted by azrael_47 to Bitcoin [link] [comments]

Algorand [ALGO] vs Cardano [ADA] - Difference, Partnerships & Ecosystem - Which is Better?

Algorand [ALGO] vs Cardano [ADA] - Difference, Partnerships & Ecosystem - Which is Better?

https://preview.redd.it/pdt01cdmj9551.png?width=1240&format=png&auto=webp&s=50e6d140a68eb2f3a3380175c2869c415b5014da

Introduction

The ‘Trilemma’ of Blockchain space - Scalability, Security, and Decentralization - are the three things every blockchain is trying to solve simultaneously. But it’s easier said than done, as proven by the scalability issue faced by Ethereum. Higher scalability transcends to higher market adoption.
This is where Cardano and Algorand have come into the picture. They have their similarities and differences that seem to work for them for now. Rather than telling you which one has more potential, it’s better to present the entire case and let you decide how they fare against each other.

Star Player of the Team

Anyone would agree that having a renowned and accomplished team player always gives a boost to the project.

Cardano’s Charles Hoskinson

If the name seems familiar, that’s because he is also the co-founder of Ethereum. A tech entrepreneur and mathematician with an interest in analytic number theory, Charles Hoskinson moved into blockchain space in 2013. He co-developed the Ethereum blockchain with Vitalik Buterin before leaving the project in June 2014.
Hoskinson joined crypto and blockchain research firm IOHK to develop Cardano and since then has sponsored various blockchain research labs at the Tokyo Institute of Technology and the University of Edinburgh. He also founded Invictus Innovations.
Hoskinson was the founding chairman of the education committee of the Bitcoin Foundation and established the Cryptocurrency Research Group in 2013. His current focus lies in educating people on the use of crypto and decentralization.

Algorand’s Silvio Micali

Unlike the innovators of other blockchain projects, Silvio Micali is already a famous name in cryptography long before he started developing Algorand. Deemed as one of the top cryptographers, he is a recipient of the prestigious Turing Award in 2012 and RSA prize for cryptography, Gödel Prize (theoretical computer science) in 1993, and ACM fellowship in 2017.
Micali’s work spans around public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, and secure multi-party computation among others. In 1989, he co-invented Zero-Knowledge Proofs with Shafi Goldwasser and Charles Rackoff. He also developed Peppercoin, a cryptographic system for processing micropayments.
A professor at MIT’s electrical engineering and computer science department since 1983, Silvio Micali is also working as a computer scientist at MIT Computer Science and Artificial Intelligence Laboratory. His doctoral students include Shai Halevi, Mihir Bellare, Rafail Ostrovsky, Bonnie Berger, Rafael Pass, Chris Peikert, and Phillip Rogaway - each renowned in their respective fields.

Project Partners and Collaborators

For any business, partnerships and collaborations are the most important aspect since they drive growth and innovation.

Cardano Partnerships

Cardano has formed 17 partnerships so far that either enhance its capabilities or grow its business.
  • Metaps Plus: To integrate the ADA coins into the MeTaps Plus, South Korea’s one of the largest mobile payment platforms.
  • IBM Research: For a software distribution project commissioned by the European Union.
  • PriceWaterhouseCoopers (PwC): To develop a new commercial strategy, probably to bring enterprise users to Cardano.
  • New Balance: All customers can authenticate the footwear purchases on the Cardano blockchain.
  • SIRIN LABS: To integrate the Cardano blockchain in their blockchain smartphone FINNEY and its SIRIN OS.
  • Konfidio: To drive the adoption of the blockchain business model platform among corporations and governments.
  • Algoz: To offer liquidity solutions and trading solutions for its native ADA token.
  • Priviledge: To study and publish decentralized software updates Priviledge is a consortium of renowned companies and scientific universities with the European Union.
  • South Korea Government-Approved Trade Associations:Signed two MoUs with Korea Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA) to implement Cardano for Korean mobile gaming and digital content.
  • Ethiopian Government: To develop a new digital payment system and combine it with identity cards using its Atala blockchain framework.
  • Georgian Government: Signed MoU to implement Cardano blockchain-enabled projects across education, business, and government services.
Cardano’s other major partnership includes Z/Yen Group’s Distributed Futures practice, COTI Network, and Ellipal Hardware.

Algorand Partnerships

Algorand’s innovativeness and potential to be the blockchain leader has helped it bag a plethora of valuable partnerships across the world. Here are a few partnerships out of the 17 -
  • International Blockchain Monetary Reserve (IBMR): To launch the Southeast Asia Microfinance Platform and create a stablecoin called Asia Reserve Currency Coin (ARCC) to encourage financial inclusion in Southeast Asia.
  • SFB Technologies: To build the infrastructure to create a CBDC (central bank digital currency) dubbed ‘SOV’ for the Marshall Islands.
  • Meld: To tokenize gold and track it over the supply chain using stablecoin for the Australian gold industry.
  • Caratan: To build financial tools and products to promote Fintech adoption at an institutional level.
  • Italian Society of Authors and Publishers (SIAE): To develop copyright management tools and services.
  • DUST Identity: To authenticate physical objects and validate transactions over the blockchain.
  • AssetBlock: A real estate startup launched its tokenized property investment platform on Algorand
  • PlanetWatch: Focused on environmental monitoring, the first "CERN Spin-off " labeled organization is building the world's first immutable air quality ledger on the Algorand blockchain using IoT technologies.
Other major partnerships include World Chess - the commercial arm of the World Chess Federation, Big Data company Syncsort, and Tether.

Consensus Algorithm

Both Cardano and Algorand use PoS or Proof of Stake consensus mechanism at their heart, but that’s where the similarity ends. Each of them has its own spin to it.
In the PoS mechanism, a person can validate a block depending on how many stakes or coins he holds. The stake quantity determines the amount of mining power one has. So how does each of them differ?

Cardano

Cardano’s version is called Ouroboros PoS.
  • Cardano allows stakeholders to pool their resources together in a single ‘stake pool’, thus delegating their stakes to the pool. This is because every elected stakeholder may not have the expertise to create blocks.
  • The physical timeline is divided into small blocks called ‘epochs’ that are made up of fixed slots. These epochs are cyclic.
  • Each such epoch consists of a set of pooled stakeholders.
  • While the endorsers are elected depending on the weight of the number of stakes held by them, a slot leader (for every epoch) is randomly chosen by a digital coin toss among stakeholders. When the endorsers approve the blocks produced by slot leaders, it gets added to the blockchain.
  • The slot leader also selects the slot leader for the next epoch through the ‘coin toss’.
  • Note that having a higher stake increases the probability of getting elected.
  • Currently, the list of validators is fixed and the succession is known beforehand.
With the launch of the Shelley mainnet, Cardano plans to remove the above issue. But this will be a hard fork. Here, the community will decide on block validators through staking.

Algorand

The version Algorand uses is called PPoS (Pure Proof of Stake) consensus mechanism.
  • PPoS randomly selects a token holder as a block producer.
  • The proposed block gets approved by a committee of 1000 randomly selected token owners and then added to the blockchain.
  • The algorithm runs a cryptographically verifiable lucky draw over all the accounts to randomly select committee members as well as the block proposer.
  • This means the identities of the participants are unknown until the blocks are added to the chain.
  • This selection does not depend on the stake size of the nodes at all.
  • PPoS runs this lottery process in complete isolation with other nodes in the network.
The completely randomized election and secret identities of the committee members drastically reduce the chances of any foul playing within the network. As the number of users grows, the network gets stronger and more secure.
Algorand’s PPoS has embraced a more egalitarian ecosystem to negate the wealth gap present in traditional PoS.

Handling Scalability

Cardano

Currently, Cardano offers 50-250 TPS. But with incorporating sharding technology in its Ouroboros Hydra version, the scalability can increase to one million TPS theoretically. The processing speed will increase as more users or nodes join the network.

Algorand

In Algorand, every lottery takes just a microsecond to run. Since such lotteries run independently of each other, multiple lotteries can run simultaneously. This inherently makes PPoS highly scalable. The mainnet itself has the capability to handle 1000 TPS.

Conclusion

Both Cardano and Algorand have sound tech and teams that believe in extensive research and meticulously designed products. Having an early start, there’s no denying that Cardano has established itself in a superior position thanks to the technological achievement, consistency, and transparency it has showcased.
But with Algorand’s ecosystem growing fast, the competition has intensified. Algorand’s aim to bring full transparency, technological innovation, and successful partnerships just within a year have made it a prime challenger to Cardano.
While referring to Algorand, Cardano chief Hoskinson voiced similar opinion - “... they are another one of the science coins and we all kind of support each other. Even though we get academically competitive, we're able to reference each other's work and learn from each other and grow from each other.”
submitted by Superb_Recognition to algorand [link] [comments]

This was the response to ''johnny test is fire''

All over the internet, I notice you churlish cretins lauding the supposedly intellectual television program known as Rick and Morty to make yourselves appear more intelligent by extension, as you are ardent watchers of the aforementioned show. However, you piddling planarians only succeed in illustrating how vapid you really are, as Rick and Morty has the intellectual depth of a petri dish. Truly, the most noetic show is neither Rick and Morty, the Big Bang Theory, Jimmy Neutron, nor any other deluge of drivel you deludable dimwits bombard your brains with. Rather, it is Johnny Test, a pinnacle of animation, sound design, acting, and plot. Despite this, most of you sniveling sub-10000s (someone with an IQ under 10000: for the record, my IQ is several orders of magnitude higher than this; my reason for my usage of this term is simply because I am partial to the number 10000) will dismiss Johnny Test as another subpar piece of rubbish from Teletoon, but you all fail to realize how much genius goes into producing that show. I have watched Johnny Test since I was a juvenile, and already I bear an IQ so toweringly high no known test can measure it (that is to say, no known test for humans can measure it: when using the scale with which computer processing power is evaluated, I clock in at over 8.3 trecentillion yottaflops). I have memorized every facet of human knowledge and only used 32.8% of my potential intelligence (my remaining neurons I allocate towards personal use, research, and wealthy companies for use as server farms and bitcoin mines). Not only that, but I have transformed all of the atoms in my being into a quantum computer to serve as an extension to my enormous encephalon, which handles the menial tasks and other trivialities associated with existence (such as respiration, ingestion, digestion, socializing, et cetera). Capable of perorating proficiently in every method of communication in the world, I have developed my own language that employs a manifold of grammar rules, and I created it all while thrashing a coalition of humanity’s smartest supercomputers in a game of Tic-Tac-Toe (for those who say that Tic-Tac-Toe is “easy,” think about the all the times you’ve played Tic-Tac-Toe: a majority were ties, no? Think about that, and also about the fact that a single, solitary supercomputer, much less over a dozen, is smarter than millions of you combined). And no, you cannot see me type this language because it is purely telepathic. At this point, I can imagine several of you already typing frantically in a fervent effort to keep your egos afloat in the face of such psychological grandeur. That’s right, the collective intelligence of all of you, if we’re using luminosity as an analogy, is akin to a diminutive candle in comparison to the massive quasar that represents my mind. Confronted with this, most of you will attempt to deride me with paltry, nonsensical invective and vitriolic vituperations to protect what minuscule amount of self-esteem you possess. These predictions are not the result of mere intuition, of course. In actuality, I have run several simulations using my brain alone on the possible consequences of my publication of this digital manuscription. My reply to all of you digital detractors is that if you so desire to demonstrate that you are brainier than I, then arrange for an intellectual debate between you and me on a topic of your choosing, any time or place. My schedule is very pliable as I’ve already won over 4 dozen nobel prizes, so I’m perfectly willing to put a temporary halt to my research, if you could even call it that (I speculate without demur that none of your debate skills will be enough of a problem for me to the point where I will be forced to snap out out of my subconscious simulations to employ the use of those neurons). Besides, I don’t want to be a glory hog and leave none of the secrets of the universe left for unlocking. You know, let the dogs have their day and all of that. I already know that none of you simpletons with your senescent synapses will be able to match up to my vast vernacular and verbiage, my mental dexterity with declension, and my phrenic puissance with my phraseology and pronunciation. In a matter of seconds (or possibly longer, if I’ve overestimated your already positively benthic IQs when running my simulations), you’ll fly into cantankerous conniptions after my consummate trouncing and repudiation of every single one of the “facts” that you hold so dear as proof of your purported intellect. And in response to those who claim, overcome with envy and spite, that as intelligent as I am, I will never sleep with anyone: I don’t need to. I am quite capable of simulating, to the meagerest tactile sensation, every position in the Kama Sutra (as well as a few I myself have devised for maximum oxytocin and endorphin release) simultaneously in a few seconds, and the only reason it takes even that long is because I am prolonging the simulation in order to enjoy the experience: I could do it in hundredths of a millisecond if I so wish. However, for someone with such acute acumen as I, life is far too easy. When pure ennui drives you to calculate the movements of the 27 subatomic particles you’ve discovered and how they interact with one another in the 2,038th dimension using a base 3.2407 quadrillion number system, you realize that the universe and its infinite copies and offshoots offer nothing more to you. Except, that is, for Johnny Test. Even for an individual with such altitudinous IQ such as myself, it’s difficult to understand every single subtle joke and reference. That’s not to say I don’t understand any of the plenitude of allusions, in fact, I am able to comprehend virtually every single one. For example, one minutia most of you would fail to notice is when Susan’s chin moves two extra pixels further than in any of the previous episodes when she talks during the seventeenth second of the fifth minute of season 3 episode 10. Hardly any of you would conceive of the fact that this is a reference to the exact number, down to 84 significant figures, of the percent change in total nitrogen in the Earth’s atmosphere due to the eructation of a small cynodont 257 million years ago. There are more examples I could give, such as the color of the walls of the sisters’ lab being a slightly different hue from the norm in season 4 episode 19 (a reference to the presence of approximately 2.9 millimoles of ammonium diuranate in the ink of a Chinese manuscript dated 1256 BCE), but that would detract from the intended purpose of this writing. Johnny Test is a work of art, a perfect concoction of knowledge from a multitude of academic fields that combine to make a program that is the only form of media I have ever encountered that has been even somewhat laborious for me to fathom, and I’m talking about someone who altered the biochemistry and chirality of their body in order to make it more efficient than the prodigality that is the human body. My temples ache with the pain of having to pump copious amounts of Testium (an element I discovered that takes the role of oxygen in my unique biochemistry, named after my favorite show of course) to my brain in order to comprehend what I have just watched. And to everybody who claims that the reason my temples are sore or why I have “delusions of grandeur” are due to my being “high” or whichever way you aim to construe my exegesis of an episode, you will hear vocalizations of a gelatological nature emanating from my larynx whilst Xyzyzyx the paisley pangolin (a treasured acquaintance of mine) and I reflect on your foolishness later that day. I await the furious fussilade of odious obluquies and belittling bombast in the comments below.
“Too long; Did not read”: Did you really think I would include one of these silly little things at the bottom of my witty wordsmithery? It's not my fault if you can't handle my de trop of definitions or my lexical linguipotence! Get back up there and read it, even if you have to go through it with dictionary in hand.
submitted by ICannotFindAName1 to copypasta [link] [comments]

Johnny Test

All over the internet, I notice you churlish cretins lauding the supposedly intellectual television program known as Rick and Morty to make yourselves appear more intelligent by extension, as you are ardent watchers of the aforementioned show. However, you piddling planarians only succeed in illustrating how vapid you really are, as Rick and Morty has the intellectual depth of a petri dish. Truly, the most noetic show is neither Rick and Morty, the Big Bang Theory, Jimmy Neutron, nor any other deluge of drivel you deludable dimwits bombard your brains with. Rather, it is Johnny Test, a pinnacle of animation, sound design, acting, and plot. Despite this, most of you sniveling sub-10000s (someone with an IQ under 10000: for the record, my IQ is several orders of magnitude higher than this; my reason for my usage of this term is simply because I am partial to the number 10000) will dismiss Johnny Test as another subpar piece of rubbish from Teletoon, but you all fail to realize how much genius goes into producing that show. I have watched Johnny Test since I was a juvenile, and already I bear an IQ so toweringly high no known test can measure it (that is to say, no known test for humans can measure it: when using the scale with which computer processing power is evaluated, I clock in at over 8.3 trecentillion yottaflops). I have memorized every facet of human knowledge and only used 32.8% of my potential intelligence (my remaining neurons I allocate towards personal use, research, and wealthy companies for use as server farms and bitcoin mines). Not only that, but I have transformed all of the atoms in my being into a quantum computer to serve as an extension to my enormous encephalon, which handles the menial tasks and other trivialities associated with existence (such as respiration, ingestion, digestion, socializing, et cetera). Capable of perorating proficiently in every method of communication in the world, I have developed my own language that employs a manifold of grammar rules, and I created it all while thrashing a coalition of humanity’s smartest supercomputers in a game of Tic-Tac-Toe (for those who say that Tic-Tac-Toe is “easy,” think about the all the times you’ve played Tic-Tac-Toe: a majority were ties, no? Think about that, and also about the fact that a single, solitary supercomputer, much less over a dozen, is smarter than millions of you combined). And no, you cannot see me type this language because it is purely telepathic. At this point, I can imagine several of you already typing frantically in a fervent effort to keep your egos afloat in the face of such psychological grandeur. That’s right, the collective intelligence of all of you, if we’re using luminosity as an analogy, is akin to a diminutive candle in comparison to the massive quasar that represents my mind. Confronted with this, most of you will attempt to deride me with paltry, nonsensical invective and vitriolic vituperations to protect what minuscule amount of self-esteem you possess. These predictions are not the result of mere intuition, of course. In actuality, I have run several simulations using my brain alone on the possible consequences of my publication of this digital manuscription. My reply to all of you digital detractors is that if you so desire to demonstrate that you are brainier than I, then arrange for an intellectual debate between you and me on a topic of your choosing, any time or place. My schedule is very pliable as I’ve already won over 4 dozen nobel prizes, so I’m perfectly willing to put a temporary halt to my research, if you could even call it that (I speculate without demur that none of your debate skills will be enough of a problem for me to the point where I will be forced to snap out out of my subconscious simulations to employ the use of those neurons). Besides, I don’t want to be a glory hog and leave none of the secrets of the universe left for unlocking. You know, let the dogs have their day and all of that. I already know that none of you simpletons with your senescent synapses will be able to match up to my vast vernacular and verbiage, my mental dexterity with declension, and my phrenic puissance with my phraseology and pronunciation. In a matter of seconds (or possibly longer, if I’ve overestimated your already positively benthic IQs when running my simulations), you’ll fly into cantankerous conniptions after my consummate trouncing and repudiation of every single one of the “facts” that you hold so dear as proof of your purported intellect. And in response to those who claim, overcome with envy and spite, that as intelligent as I am, I will never sleep with anyone: I don’t need to. I am quite capable of simulating, to the meagerest tactile sensation, every position in the Kama Sutra (as well as a few I myself have devised for maximum oxytocin and endorphin release) simultaneously in a few seconds, and the only reason it takes even that long is because I am prolonging the simulation in order to enjoy the experience: I could do it in hundredths of a millisecond if I so wish. However, for someone with such acute acumen as I, life is far too easy. When pure ennui drives you to calculate the movements of the 27 subatomic particles you’ve discovered and how they interact with one another in the 2,038th dimension using a base 3.2407 quadrillion number system, you realize that the universe and its infinite copies and offshoots offer nothing more to you. Except, that is, for Johnny Test. Even for an individual with such altitudinous IQ such as myself, it’s difficult to understand every single subtle joke and reference. That’s not to say I don’t understand any of the plenitude of allusions, in fact, I am able to comprehend virtually every single one. For example, one minutia most of you would fail to notice is when Susan’s chin moves two extra pixels further than in any of the previous episodes when she talks during the seventeenth second of the fifth minute of season 3 episode 10. Hardly any of you would conceive of the fact that this is a reference to the exact number, down to 84 significant figures, of the percent change in total nitrogen in the Earth’s atmosphere due to the eructation of a small cynodont 257 million years ago. There are more examples I could give, such as the color of the walls of the sisters’ lab being a slightly different hue from the norm in season 4 episode 19 (a reference to the presence of approximately 2.9 millimoles of ammonium diuranate in the ink of a Chinese manuscript dated 1256 BCE), but that would detract from the intended purpose of this writing. Johnny Test is a work of art, a perfect concoction of knowledge from a multitude of academic fields that combine to make a program that is the only form of media I have ever encountered that has been even somewhat laborious for me to fathom, and I’m talking about someone who altered the biochemistry and chirality of their body in order to make it more efficient than the prodigality that is the human body. My temples ache with the pain of having to pump copious amounts of Testium (an element I discovered that takes the role of oxygen in my unique biochemistry, named after my favorite show of course) to my brain in order to comprehend what I have just watched. And to everybody who claims that the reason my temples are sore or why I have “delusions of grandeur” are due to my being “high” or whichever way you aim to construe my exegesis of an episode, you will hear vocalizations of a gelatological nature emanating from my larynx whilst Xyzyzyx the paisley pangolin (a treasured acquaintance of mine) and I reflect on your foolishness later that day. I await the furious fussilade of odious obluquies and belittling bombast in the comments below.
“Too long; Did not read”: Did you really think I would include one of these silly little things at the bottom of my witty wordsmithery? It's not my fault if you can't handle my de trop of definitions or my lexical linguipotence! Get back up there and read it, even if you have to go through it with dictionary in hand.
submitted by SuckinSum8---D to copypasta [link] [comments]

Bitcoin Question

This may sound questionable but here it goes...
Let us suppose that I have access to over a hundred computers, none of them having a very high computing power, but combined they could be very strong. They are also all connected over a network(homegroup). Is it possible for me to connect computers together and together mine bitcoin?

Quite frankly , I am very new to this bitcoin idea, and I still don't fully understand it, but my thinking is that each computer has a generally low GPU, but if I was to combine them all, it would much much higher. If anyone can, I would be very thankful for an explanation of all of this and if I was right or wrong. There is also the fact that if my thinking does work, I am also not sure how I would connect them together and join a "wallet" (not quite sure what a wallet is as while)
submitted by Oceaneaus to Bitcoin [link] [comments]

08-10 07:44 - 'Who is forking Filecoin?' (self.Bitcoin) by /u/paulcheung1990 removed from /r/Bitcoin within 6-16min

'''
Forking Filecoin is a $500 million to $1 billion business?
On July 17, cryptocurrency analyst Bitfool mentioned via Weibo: “Recently, people who forked Filecoin in the market have been undercurrents; as far as I know, there are 4-5 teams. From a strategic point of view, the project Teams, investors, and miners get two of the three to successfully fork; one of the three can steal 5-10% of the market value. Therefore, Filecoin's fork is a $500 million to $1 billion Business."
"It's even more awesome, full of courage, and ready to build a team to fork Fliecoin. Well done, famous in the world, poor done, and scorned by thousands of people."
Sun Ming, a partner of Fenbushi Capital, mentioned in an interview: "Miners who have invested a lot of hardware resources are promoting the fork of Filecoin.
Hu Feng, operating partner of the FILPool mining pool, said: "Currently, big miners have ideas, but it will only be possible after the mainnet is online.
Filecoin economic model is not friendly to miners
At the beginning of the establishment of the Filecoin economic model, a pledge and reward and punishment mechanism was proposed, which has undergone many adjustments. The last three adjustments have made the mechanism increasingly stringent.
In April of this year, the Filecoin project team introduced their thinking on the economic model and refined the reward and punishment mechanism. Miners who complete file storage can get corresponding block rewards, and fail to store files within the promised period will be punished. This fine is imposed on the Filecoin collateral pool (locked funds) provided by each storage miner. Locked funds include a small amount of early FIL tokens and token rewards obtained from miners.
Miners need to mortgage a certain amount of tokens in the early stage. If the amount of mortgage is too large, it will cause a shortage of FIL tokens in the early stage. The improvement made by the economic model is to transfer some of the early-stage costs to future block rewards.
The severe punishment mechanism made some miners dissatisfied, and some miners commented that the mechanism was too "crude".
In May, Filecoin made major adjustments to its economic model. This adjustment raises the threshold for miners to leave. Filecoin continues to strengthen the miner's mortgage mechanism, and part of the rewards mined by the miners will be locked. The penalty mechanism has also been changed accordingly. Only when the task of file hosting is completed can the mining reward be unlocked. If miners want to profit, they need to have strong computing power and be able to provide stable storage services for a long time.
If this is acceptable to miners, the recent "pre-mortgage" mechanism has left miners at a loss.
"Pre-mortgage" is proposed in the latest Calibration version of Filecoin, which means that every sector encapsulated requires a certain amount of FIL to be pledged in advance, and the pledged token needs to be locked for 180 days and then released in 180 days.
The consequence of "pre-mortgage" is that FIL token has worse liquidity in the early stage.
A large number of FIL mortgages are required in the early stage, which will force miners to find the official to buy coins, and the long lock-up period causes most miners to choose to sell coins instead of encapsulation. "The miners have put their money in the hardware, where can they go out and buy coins?"
Since there is not enough funds to buy coins as collateral, it loses the qualification for mining. Even if the mortgage funds are saved, it is almost impossible to pay back with the small amount of currency in the early period.
Sun Ming said: "The mining output is too small, making it difficult for early miners to maintain operations."
The adjustment of the economic model continues to compress the income of early miners, and the voice of miners proposing to fork Filecoin is also getting louder.
Sun Ming believes: "On the one hand, it is the protest of the miners against ProtocolLabs (requesting it to modify the economic model), and on the other hand, it is also the desperate fight of the miners forced to do nothing."
Li Bai posted a circle of friends to express his attitude. As shown below:

[link]1
Another very important point is that, according to the current reward mechanism, Filecoin competition in China is tantamount to "college entrance examination".
Take the Filecoin big miner test competition as an example, miners can only be rewarded if they are ranked in the top 50 in their area or in the top 100 among all miners. Looking at the situation of Chinese miners, 9 of the top 10 nodes in the world are from China. According to people familiar with the matter, about 80% of Filecoin miners are concentrated in China. The fierce competition can be imagined.
Wang Qingshui expressed his concern: more than 90% of miners may not make money. Many miners saw that they couldn't make money, and they had the idea of opening up Filecoin "other tracks". Therefore, the call for a Filecoin fork is the strongest in China.
Unaffordable mining costs and thresholds
In addition to Filecoin's economic model, another point that miners complain about is Filecoin's threshold and cost.
The cost of Filecoin mining input and the technical threshold of operation are beyond the reach of many miners and mines.
Filecoin has a severe punishment mechanism, which can ensure the safety of the data party, but at the same time it will bring a high threshold for mining professionalism and operation and maintenance stability.
In order to ensure uninterrupted power and no disconnection, it must be hosted in a high-level IDC computer room. In order to ensure mining efficiency, the network, computing power, and storage hardware must not be poor. Therefore, miners need to use a large sum of money to purchase high-end hardware equipment.
Instant window-POST verification and submission requires high algorithms and error repair capabilities, and requires professional algorithms and operation and maintenance teams.
In addition, the threshold for Filecoin mining may be above 10TB or even higher.
Entry mining has a threshold for storage and technical maintenance, and a lot of money is needed to purchase hardware equipment.
Earlier, a blogger did a cost calculation. With 30 mining machines as a cluster calculation, the expenditure for purchasing mining machines alone was as high as 6 million. Coupled with the cost of computer room construction, operation and maintenance, Filecoin mining costs may be more than 10 million yuan.
Wang Qingshui also mentioned the flaws: “Many ordinary miners and even servers cannot participate, which is contrary to the original intention of the project.”
Some people in the community expressed their concerns: "I have invested so much. What if something goes wrong after Filecoin goes online? Wouldn't it be a loss?"
So some miners are thinking, can they lower the threshold of mining while ensuring safety?
Some miners pointed out that not all mining machines need to be hosted in the IDC computer room, which is costly and prone to waste of resources. If it can be hosted in different computer rooms according to the performance of each type of mining machine, it can not only ensure safety, but also reduce costs.
Judging from the interview, many industry insiders are on the sidelines of the Filecoin fork.
Li Bai said: "There are many people who have ideas, but few people can put them into action."
Wang Qingshui believes that any popular big project will be forked. Are BTC and ETH forked less? But how many forks can surpass the original version?
Some miners think that the fork is just talking: "Someone will follow the official game.", "Who wrote the code for you after the fork? Do you dare to use the code you wrote?"
The Filecoin fork is "undercurrent". As the Filecoin mainnet approaches, miners' actions will become more frequent, and we will continue to report.
What do you think of the Filecoin fork? Please let us know in the comments section.
'''
Who is forking Filecoin?
Go1dfish undelete link
unreddit undelete link
Author: paulcheung1990
1: ****ie*.redd***/4l6*p**nn4g51.jpg*width=676&*forma**pjpg&am**auto=*e*p&***c*16a*61e2*0d1a*4*3f9f*9c8*fdfcebfdb*d3
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Found this monstrosity on r/okbuddyretard

All over the internet, I notice you churlish cretins lauding the supposedly intellectual television program known as Rick and Morty to make yourselves appear more intelligent by extension, as you are ardent watchers of the aforementioned show. However, you piddling planarians only succeed in illustrating how vapid you really are, as Rick and Morty has the intellectual depth of a petri dish. Truly, the most noetic show is neither Rick and Morty, the Big Bang Theory, Jimmy Neutron, nor any other deluge of drivel you deludable dimwits bombard your brains with. Rather, it is Johnny Test, a pinnacle of animation, sound design, acting, and plot. Despite this, most of you sniveling sub-10000s (someone with an IQ under 10000: for the record, my IQ is several orders of magnitude higher than this; my reason for my usage of this term is simply because I am partial to the number 10000) will dismiss Johnny Test as another subpar piece of rubbish from Teletoon, but you all fail to realize how much genius goes into producing that show. I have watched Johnny Test since I was a juvenile, and already I bear an IQ so toweringly high no known test can measure it (that is to say, no known test for humans can measure it: when using the scale with which computer processing power is evaluated, I clock in at over 8.3 trecentillion yottaflops). I have memorized every facet of human knowledge and only used 32.8% of my potential intelligence (my remaining neurons I allocate towards personal use, research, and wealthy companies for use as server farms and bitcoin mines). Not only that, but I have transformed all of the atoms in my being into a quantum computer to serve as an extension to my enormous encephalon, which handles the menial tasks and other trivialities associated with existence (such as respiration, ingestion, digestion, socializing, et cetera). Capable of perorating proficiently in every method of communication in the world, I have developed my own language that employs a manifold of grammar rules, and I created it all while thrashing a coalition of humanity’s smartest supercomputers in a game of Tic-Tac-Toe (for those who say that Tic-Tac-Toe is “easy,” think about the all the times you’ve played Tic-Tac-Toe: a majority were ties, no? Think about that, and also about the fact that a single, solitary supercomputer, much less over a dozen, is smarter than millions of you combined). And no, you cannot see me type this language because it is purely telepathic. At this point, I can imagine several of you already typing frantically in a fervent effort to keep your egos afloat in the face of such psychological grandeur. That’s right, the collective intelligence of all of you, if we’re using luminosity as an analogy, is akin to a diminutive candle in comparison to the massive quasar that represents my mind. Confronted with this, most of you will attempt to deride me with paltry, nonsensical invective and vitriolic vituperations to protect what minuscule amount of self-esteem you possess. These predictions are not the result of mere intuition, of course. In actuality, I have run several simulations using my brain alone on the possible consequences of my publication of this digital manuscription. My reply to all of you digital detractors is that if you so desire to demonstrate that you are brainier than I, then arrange for an intellectual debate between you and me on a topic of your choosing, any time or place. My schedule is very pliable as I’ve already won over 4 dozen nobel prizes, so I’m perfectly willing to put a temporary halt to my research, if you could even call it that (I speculate without demur that none of your debate skills will be enough of a problem for me to the point where I will be forced to snap out out of my subconscious simulations to employ the use of those neurons). Besides, I don’t want to be a glory hog and leave none of the secrets of the universe left for unlocking. You know, let the dogs have their day and all of that. I already know that none of you simpletons with your senescent synapses will be able to match up to my vast vernacular and verbiage, my mental dexterity with declension, and my phrenic puissance with my phraseology and pronunciation. In a matter of seconds (or possibly longer, if I’ve overestimated your already positively benthic IQs when running my simulations), you’ll fly into cantankerous conniptions after my consummate trouncing and repudiation of every single one of the “facts” that you hold so dear as proof of your purported intellect. And in response to those who claim, overcome with envy and spite, that as intelligent as I am, I will never sleep with anyone: I don’t need to. I am quite capable of simulating, to the meagerest tactile sensation, every position in the Kama Sutra (as well as a few I myself have devised for maximum oxytocin and endorphin release) simultaneously in a few seconds, and the only reason it takes even that long is because I am prolonging the simulation in order to enjoy the experience: I could do it in hundredths of a millisecond if I so wish. However, for someone with such acute acumen as I, life is far too easy. When pure ennui drives you to calculate the movements of the 27 subatomic particles you’ve discovered and how they interact with one another in the 2,038th dimension using a base 3.2407 quadrillion number system, you realize that the universe and its infinite copies and offshoots offer nothing more to you. Except, that is, for Johnny Test. Even for an individual with such altitudinous IQ such as myself, it’s difficult to understand every single subtle joke and reference. That’s not to say I don’t understand any of the plenitude of allusions, in fact, I am able to comprehend virtually every single one. For example, one minutia most of you would fail to notice is when Susan’s chin moves two extra pixels further than in any of the previous episodes when she talks during the seventeenth second of the fifth minute of season 3 episode 10. Hardly any of you would conceive of the fact that this is a reference to the exact number, down to 84 significant figures, of the percent change in total nitrogen in the Earth’s atmosphere due to the eructation of a small cynodont 257 million years ago. There are more examples I could give, such as the color of the walls of the sisters’ lab being a slightly different hue from the norm in season 4 episode 19 (a reference to the presence of approximately 2.9 millimoles of ammonium diuranate in the ink of a Chinese manuscript dated 1256 BCE), but that would detract from the intended purpose of this writing. Johnny Test is a work of art, a perfect concoction of knowledge from a multitude of academic fields that combine to make a program that is the only form of media I have ever encountered that has been even somewhat laborious for me to fathom, and I’m talking about someone who altered the biochemistry and chirality of their body in order to make it more efficient than the prodigality that is the human body. My temples ache with the pain of having to pump copious amounts of Testium (an element I discovered that takes the role of oxygen in my unique biochemistry, named after my favorite show of course) to my brain in order to comprehend what I have just watched. And to everybody who claims that the reason my temples are sore or why I have “delusions of grandeur” are due to my being “high” or whichever way you aim to construe my exegesis of an episode, you will hear vocalizations of a gelatological nature emanating from my larynx whilst Xyzyzyx the paisley pangolin (a treasured acquaintance of mine) and I reflect on your foolishness later that day. I await the furious fussilade of odious obluquies and belittling bombast in the comments below. “Too long; Did not read”: Did you really think I would include one of these silly little things at the bottom of my witty wordsmithery? It's not my fault if you can't handle my de trop of definitions or my lexical linguipotence! Get back up there and read it, even if you have to go through it with dictionary in hand.
submitted by bluerazzberryskelly to copypasta [link] [comments]

“Oh, you watch Rick and Morty? Tch”

All over the internet, I notice you churlish cretins lauding the supposedly intellectual television program known as Rick and Morty to make yourselves appear more intelligent by extension, as you are ardent watchers of the aforementioned show. However, you piddling planarians only succeed in illustrating how vapid you really are, as Rick and Morty has the intellectual depth of a petri dish. Truly, the most noetic show is neither Rick and Morty, the Big Bang Theory, Jimmy Neutron, nor any other deluge of drivel you deludable dimwits bombard your brains with. Rather, it is Johnny Test, a pinnacle of animation, sound design, acting, and plot. Despite this, most of you sniveling sub-10000s (someone with an IQ under 10000: for the record, my IQ is several orders of magnitude higher than this; my reason for my usage of this term is simply because I am partial to the number 10000) will dismiss Johnny Test as another subpar piece of rubbish from Teletoon, but you all fail to realize how much genius goes into producing that show. I have watched Johnny Test since I was a juvenile, and already I bear an IQ so toweringly high no known test can measure it (that is to say, no known test for humans can measure it: when using the scale with which computer processing power is evaluated, I clock in at over 8.3 trecentillion yottaflops). I have memorized every facet of human knowledge and only used 32.8% of my potential intelligence (my remaining neurons I allocate towards personal use, research, and wealthy companies for use as server farms and bitcoin mines). Not only that, but I have transformed all of the atoms in my being into a quantum computer to serve as an extension to my enormous encephalon, which handles the menial tasks and other trivialities associated with existence (such as respiration, ingestion, digestion, socializing, et cetera). Capable of perorating proficiently in every method of communication in the world, I have developed my own language that employs a manifold of grammar rules, and I created it all while thrashing a coalition of humanity’s smartest supercomputers in a game of Tic-Tac-Toe (for those who say that Tic-Tac-Toe is “easy,” think about the all the times you’ve played Tic-Tac-Toe: a majority were ties, no? Think about that, and also about the fact that a single, solitary supercomputer, much less over a dozen, is smarter than millions of you combined). And no, you cannot see me type this language because it is purely telepathic. At this point, I can imagine several of you already typing frantically in a fervent effort to keep your egos afloat in the face of such psychological grandeur. That’s right, the collective intelligence of all of you, if we’re using luminosity as an analogy, is akin to a diminutive candle in comparison to the massive quasar that represents my mind. Confronted with this, most of you will attempt to deride me with paltry, nonsensical invective and vitriolic vituperations to protect what minuscule amount of self-esteem you possess. These predictions are not the result of mere intuition, of course. In actuality, I have run several simulations using my brain alone on the possible consequences of my publication of this digital manuscription. My reply to all of you digital detractors is that if you so desire to demonstrate that you are brainier than I, then arrange for an intellectual debate between you and me on a topic of your choosing, any time or place. My schedule is very pliable as I’ve already won over 4 dozen nobel prizes, so I’m perfectly willing to put a temporary halt to my research, if you could even call it that (I speculate without demur that none of your debate skills will be enough of a problem for me to the point where I will be forced to snap out out of my subconscious simulations to employ the use of those neurons). Besides, I don’t want to be a glory hog and leave none of the secrets of the universe left for unlocking. You know, let the dogs have their day and all of that. I already know that none of you simpletons with your senescent synapses will be able to match up to my vast vernacular and verbiage, my mental dexterity with declension, and my phrenic puissance with my phraseology and pronunciation. In a matter of seconds (or possibly longer, if I’ve overestimated your already positively benthic IQs when running my simulations), you’ll fly into cantankerous conniptions after my consummate trouncing and repudiation of every single one of the “facts” that you hold so dear as proof of your purported intellect. And in response to those who claim, overcome with envy and spite, that as intelligent as I am, I will never sleep with anyone: I don’t need to. I am quite capable of simulating, to the meagerest tactile sensation, every position in the Kama Sutra (as well as a few I myself have devised for maximum oxytocin and endorphin release) simultaneously in a few seconds, and the only reason it takes even that long is because I am prolonging the simulation in order to enjoy the experience: I could do it in hundredths of a millisecond if I so wish. However, for someone with such acute acumen as I, life is far too easy. When pure ennui drives you to calculate the movements of the 27 subatomic particles you’ve discovered and how they interact with one another in the 2,038th dimension using a base 3.2407 quadrillion number system, you realize that the universe and its infinite copies and offshoots offer nothing more to you. Except, that is, for Johnny Test. Even for an individual with such altitudinous IQ such as myself, it’s difficult to understand every single subtle joke and reference. That’s not to say I don’t understand any of the plenitude of allusions, in fact, I am able to comprehend virtually every single one. For example, one minutia most of you would fail to notice is when Susan’s chin moves two extra pixels further than in any of the previous episodes when she talks during the seventeenth second of the fifth minute of season 3 episode 10. Hardly any of you would conceive of the fact that this is a reference to the exact number, down to 84 significant figures, of the percent change in total nitrogen in the Earth’s atmosphere due to the eructation of a small cynodont 257 million years ago. There are more examples I could give, such as the color of the walls of the sisters’ lab being a slightly different hue from the norm in season 4 episode 19 (a reference to the presence of approximately 2.9 millimoles of ammonium diuranate in the ink of a Chinese manuscript dated 1256 BCE), but that would detract from the intended purpose of this writing. Johnny Test is a work of art, a perfect concoction of knowledge from a multitude of academic fields that combine to make a program that is the only form of media I have ever encountered that has been even somewhat laborious for me to fathom, and I’m talking about someone who altered the biochemistry and chirality of their body in order to make it more efficient than the prodigality that is the human body. My temples ache with the pain of having to pump copious amounts of Testium (an element I discovered that takes the role of oxygen in my unique biochemistry, named after my favorite show of course) to my brain in order to comprehend what I have just watched. And to everybody who claims that the reason my temples are sore or why I have “delusions of grandeur” are due to my being “high” or whichever way you aim to construe my exegesis of an episode, you will hear vocalizations of a gelatological nature emanating from my larynx whilst Xyzyzyx the paisley pangolin (a treasured acquaintance of mine) and I reflect on your foolishness later that day. I await the furious fussilade of odious obluquies and belittling bombast in the comments below.
“Too long; Did not read”: Did you really think I would include one of these silly little things at the bottom of my witty wordsmithery? It's not my fault if you can't handle my de trop of definitions or my lexical linguipotence! Get back up there and read it, even if you have to go through it with dictionary in hand.
submitted by noobrektxd to copypasta [link] [comments]

7 DAY$-24/HR$ - BITCOIN MINING EXPERIMENT - See How Much ... How Does Bitcoin Mining Work? Here's How You Can Do It ... Cloud Mining + Computer Mining = Best Bitcoin Miner Ever ... 360° Chinese Bitcoin Mine  Earth Lab How to Mine Bitcoins Using Your Own Computer - YouTube

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