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NYC Meetup - Full Summary!
Following up on my other post which shared only a few high level points I thought people would be interested in, here's a more in-depth summary of the meetup. THIS IS VERY LONG! I don't really have a TL;DR beyond my other short highlight thread, but I think there are some other high level summaries. This is for those who want a very thorough recap of what was discussed. I'm happy to update this with anything shared in the comments which I remember and think is additive to the summary, definitely didn't catch every single thing. I'm leaving out a few talking points/questions that either 1) I didn't totally catch, 2) provided no incremental information or 3) were just bad questions (there were some). Sunny's Speech Sunny began with a history of blockchain, from the bitcoin whitepaper to the first few alt coins to the advent of Ethereum. He then went on to discuss the extent to which these various stages involved meaningful/useful innovation: original alt coins did not, ethereum of course did, but is heavily flawed for enterprise use. He then went on to discuss what those primary flaws are and how VeChain is trying to solve them (scalability, governance, cost, etc.) He noted that technology is not blockchain's biggest obstacle, it's adoption. He talked about how, although some people will tell him to "get lost or something" he doesn't really believe in full decentralization. I think his point was that although it's nice in theory, it just isn't really practical, and it's a bad approach in particular for trying to get this new blockchain technology adopted in the mainstream. This goes back to something he said in another interview at some point - you can't just come in with totally new, radical technology outside the existing framework and replace everything that exists from the outside. You have to start within the existing framework, show people what's possible, and then change the system from the inside out. He went on to discuss what he sees as problems with some of the existing projects. Talked about how projects in the top 20 have ecosystems worth 2 billion dollars, hold hundreds of millions of dollars worth of their own tokens to be used for the project's development etc., but they don't have a CFO. He thinks that should concern people. I don't remember exactly where it fit in the narrative, but he discussed valuation/speculation. He pointed out that they have a number of their university research partners trying to work out token valuation models. He made a general point that more utility should equal more value, the implication being VeChain will have more real utility (and should therefore have more value) than any other blockchain. They had a slide showing some calculations and pointed out that if you look at the known metrics, the dividends, etc., the price of Google's stock is 85.7% speculation. Only $161 of it's $1,128 value (at the time they ran these numbers) can be tied to the current value. For Tencent, it's 93.5% speculation. He jokingly pointed out that in crypto it's about 99.99%, but I think one of the unspoken points here is that it's silly to think that on mainnet launch speculation about the future value is going to go away and you'll just have token value based on current Thor production. That isn't how markets or valuation work. He then basically mocked people complaining about the code not yet being open source, and there being no whitepaper - the people who think these are red flags and that the project might be a 'scam'. As if PwC and DNV GL didn't do extensive diligence. On this point, I'll quote GarzyWarzy from another thread: "Sunny mentioned that the crypto community as a whole doesn’t seem to appreciate the level of reputational risk that these multi billion dollar enterprise partners take by publicly backing a blockchain startup (“what do people think would happen if PwC backed us and we failed in 6 months?”). As an investment banker who deals extensively with corporate governance issues and every type of business risk imaginable, I will add my two cents that this risk is massive and that is it a clear sign of extensive diligence and extreme trust in the VeChain team to execute their business plan for developing their ecosystem. Always remember, “it takes many years to build a reputation, and seconds to ruin it”." I'm a corporate lawyer and couldn't agree with this more. The people who think a whitepaper (which they likely wouldn't even understand) is more reassuring than the endorsement by DNV GL, PwC, Draper and Breyer (who would never, ever make such an investment without extensive due diligence) have no idea how things work in the corporate world. DNV GL and PwC are recommending VeChain to clients, and Draper and Breyer have made investments through their funds, where they have a fiduciary duty to the investors in those funds. The amount of diligence that occurs before taking those reputational and legal (negligence, breach of fiduciary duty, etc.) risks is truly exhaustive. Back to adoption, Sunny went on to compare blockchain to TCP/IP, as he's done in the past. Most people use email every day, but do they care about TCP/IP? Of course not. Blockchain will be the protocol infrastructure for things people use every day, whether they know it or not. At this point, continuing to talk about adoption and use cases, he mentioned that they signed a top 3 insurance company in China as a client, and he also mentioned a CRM use case that's in the works. He said the whitepaper will be out in a few days, and will explain a lot of what they're doing/what they're trying to do, and what some of the use cases are. They are focused on developing as many practical use cases as possible - this is how you get adoption. Once the use cases are defined, you can start "developing killer dApps" in relation to them. I think this is, to some degree, a subtle shot at Ethereum - his point here being that developing lots of dApps on a platform doesn't really mean much unless those dApps actually relate to a practical, defined real world use cases which ensures they will be used and adopted. The whitepaper took so long because, in Sunny's words, his "english sucks" and after he wrote it, his teams needed to double, triple, and quadruple review/edit/refine what he wrote so that it is in professional english. Back to adoption, he stated there are around 13/14 crypto projects they are working with who intend to use VeChain (either porting over from Ethereum or launching an ICO on the platform. More on this in the Q&A section). One of them is a company that already generates $50 million/month in revenue and want to 'blockchain-ize' their business. He pointed out here this is a company that isn't just interested in padding their coffers - they have money, that isn't an issue. These are the types of projects they like to work with. They aren't interested in being a 'shitcoin generator' (this was said by Sunny in the Q&A and got a laugh and round of applause). Last point on this, he noted that BitOcean is taking so long because the "Japanese government are being assholes". That's a direct quote. Sunny is hilarious. I can't overstate how likable he is - he comes off as a down to earth, cool, funny and easy going guy. Kevin's Speech Next, Kevin spoke. This was a short update on authority nodes and the mainnet. He mentioned that most projects have masternodes as basically a marketing tool, they aren't that meaningful or necessary. VeChain's authority masternodes are essential to the ecosystem. You can not become an authority node if you can not meaningfully contribute to growing the ecosystem. There is no room for negotiation on this. They aren't interested in having random people running validating authority nodes for profit and nothing else. As far as the application process, they received over 100 applications and are expecting more (authority node application and monitoring process will be ongoing to make sure VeChain has the best authority nodes possible and that each node is continuing to fulfill all of its obligations). As far as the applicant pool, they were about 71% enterprise, 29% individual. About 52% China, 23% America, then a mix of HK, Singapore, Japan, and others. He then addressed the mainnet. Internal testing is done, they are now moving on to the public alpha testing, which is by invite only and is not the open source phase. This phase starts today and includes a number of professional firms auditing the code: PwC's cybersecurity team, secureware.io, Slow Mist, and Hosho. They will also be putting a bug bounty on Hacken eventually, finding a critical vulnerability could get you up to 2000 VEN tokens. This private testing will go on for a few weeks, before the public testing begins in early June which involves the code becoming open source - as of now, they expect it to start in the first week or two of June. Then, he announced the 1 VEN to 100 VET token split. The example he gave was talking to friends about buying Bitcoin - some responded "it's already $8000, I can't buy a bitcoin I can't afford it". Kevin would respond, well actually you can buy .001 bitcoin if you want... and then they'd lose interest. I think what he's getting at is they want to be prepared for years down the road when demand is enormous - they don't want people dealing in fractions. Yes, I'm also sure they are aware of the implications for this in terms of price and the attractiveness of a 5 cent token verses a 5 dollar token. I don't deny that. Look at fucking Tron. The Q&A Session Someone asked about how the authority nodes will be monitored. Kevin explained there will be a dedicated team for this. They are serious about having the highest quality authority nodes and holding them to the standards they expect. There will be a quarterly review process, and any issues will be brought to the Steering Committee, which may decide to remove/replace an authority nodeholder if they aren't contributing and fulfilling their obligations. He noted that the whitepaper will include a thorough section on their governance model. Question about it being difficult, currently, for companies (especially in the west) to find out how to contact them and work with them. What are VeChain's plans in terms of a business development team, marketing, etc. Sunny explained that while obviously they'll have an internal BD team, and this is being built out, they also want to heavily leverage the resources of the community. In a way, the community will be a giant business development team, and they will create standard toolkits for the community to use to market/introduce VeChain to people in the first instance. The guy then asked what if I got you Pfizer - that's enormous, what's my incentive? Sunny responded there will be rewards in VET tokens for bringing them clients. I don't remember what the exact question was, but it was noted at this point that although the private, consortium chain is an Ethereum fork, the mainnet was built from scratch and is not an Ethereum fork. They did intentionally use the Ethereum Virtual Machine, though, so that Ethereum dApps can be easily ported over to VeChain. It sounds like they expect this to happen quite a bit. They also talked about how they went through the web3 libraries and 80% will be able to work directly with VeChain. They want interoperability, compatibility, and ultimately, an easy transition for Ethereum developers and dApps. Someone asked about them building out their own IoT business or letting others do the IoT work. Sunny talked about how he believes IoT is the way to connect blockchain to the physical world. There was a story not worth sharing about why they initially acquired an IoT team, but he gave this example: when Apple first released the app store and the ability to develop, nobody knew how or used it. So, Apple built the apps themselves and basically showed everybody what was possible and how to do it by example. So too will VeChain take this approach. They are partnering with IoT manufacturers and developing some of their own IoT solutions, and they'll continue to do this, but the point isn't to dominate IoT. They are showing the world by example what can be done in terms of IoT on the VeChain platform, and they ultimately want people/enterprises to be able to create their own value and their own IoT solutions on the VeChain blockchain. Anyone who wants to do so will be able to. Question about enterprises buying once the enterprise pool runs out - what happens if enterprises aren't comfortable doing what all of us have done (wiring money to a fiat gateway exchange, buying bitcoin/ethereum, moving it to binance, buying in the market, transferring out of binance, etc.). Kevin isn't really worried about this. They are talking to exchanges and service providers about it, they're talking to Circle about fiat pairing, etc., but realistically Kevin can see that exchanges are becoming more advanced and that ultimately they will be institutionalized in a way that basically just mitigates this concern. Question about storage of VET tokens after mainnet. There will be a mobile wallet launch at the exact same time. This mobile wallet will 1) facilitate the token swap from VEN to VET (most people will probably do this on exchanges, but eventually you'll be able to do it in the mobile wallet if you missed doing it on an exchange), 2) have a module that shows you what kind of node you are, 3) automatically receive your generated Thor, and 4) eventually allow you to hold other ERC-20 tokens. They also mentioned that although they're talking to ledger, etc. they are developing their own hardware wallet. Kevin explained this is essential for enterprises serving as authority nodes or holding large amounts of VET. They aren't going online and ordering a ledger and setting it up. VeChain needs to be able to provide this service and assurance for them, and they will. This is why these guys are lightyears ahead in terms of enterprise adoption. They've thought about these things. Question about 'competitors' like Waltonchain. First, Sunny goes "who?" and Kevin goes "what's Waltonchain?" But then Sunny went on by saying the "right" thing - there are no competitors in such a fledgling industry. He would love to hold hands with the other blockchain projects trying to do good things, and walk into the future together. He thinks projects can learn from each other and help each other. They aren't trying to crush competitors or beat anyone or anything like that. However, Sunny also jokingly asked "Seriously, why do people think Waltonchain is our competitor? We are what, 15th biggest project, and they are...?" He also went on to say that he is judging some competition or tech demo later this month on the 26th-28th, and that Waltonchain is the demo product. He thinks this is sort of funny, but also said if their product is great and the demo is good, there is no reason he wouldn't support them, vote for them, etc. Question about Breyer and Draper relationships. Draper is invested in many cryptocurrency projects and many companies, has tons of connections, and he gives VeChain a way of talking to all of those projects/companies. Breyer was the one who set them up with the research team at a Chinese university, he was the link to Circle to discuss fiat onramps, etc. The connections these guys bring are tremendous. I should note here that in a small group conversation with Kevin during the networking portion after the speeches, which was initiated by GarzyWarzy (perhaps he can elaborate further), he confirmed that Breyer and Draper are both meaningfully invested in tokens, not just equity of the technology portion of the company. Some clown actually used up time to ask "is CCK here?" Sunny said someone asked him this at Harvard also, and he was absolutely adamant that he doesn't know who this person is or how they are getting the information they have. He did not comment on it beyond that. He clearly thought it was a dumb question and said seriously that once and for all, he really doesn't know who it is. Question about how many projects will be running on the mainnet day 1. Sunny said it's hard to say for sure, but that there are currently between 20 and 25 use cases deployed on the consortium chain, all of which will be moved over in the first few months. He also mentioned the 15ish crypto projects that will be moving over to or launching on the platform, and the fact that their client pipeline is now over 250. He transitioned a bit from this point to discuss how they "don't want to be a shitcoin generator". If you come to them with a project that is just an ICO with a whitepaper and no product, no proof of concept, etc., they're not going to want you to launch that. They would rather invest in you if they think you're a good project, help you develop those things, prove out what you're trying to do, then help you launch a serious ICO or dApp with a real use case. Again, they are all about practical use cases, this is the path to adoption. That said, the project will be open source ("you guys asked for open source, so") there will be some shitcoins, it's unavoidable. I think that covers most of what I remember. Hope you all enjoy!
With the magical influx of new readers, I would like to warmly welcome everyone to ethereum. Please protect this community's philosophy by respecting our rules. Let me quote the most important ones here for reference:
Keep price discussion and market talk to subreddits such as /ethtrader.
Keep plain ICO advertisements to subreddits such as ethinvestor.
Feel free to use this thread to say 'Hi, I'm new!' or 'Hi, I'm not!'. If you have a question, feel free to comment and ask it below. But first make sure you are fully synchronized and have a look at these hot questions on Ethereum Stack Exchange:
https://preview.redd.it/52f3q9x48p531.jpg?width=1920&format=pjpg&auto=webp&s=1bc3170485017be6cfdef7fe007305db2041aff4 Hello, I am Yin Xiangyu, or you could call me Freddy, head of INT Chain China. Before today’s topics, let me introduce myself first. Since 2003, I started my career as an IoT developer, and I participate in several IoT projects. Then, I started my own business, such as an e-commerce website, online traveling, big data websites, IoT printer controlled by WeChat. In 2013, I first met bitcoin and blockchain, when Ethereum came out in 2015 I thought blockchain could solve many problems in IoT. So we started the INT project with our team members from such as Huawei, CAS, Tencent, and Microsoft.
In today’s topics, I will talk about three pillars of INT Chain, technology, application ecosystem, and community. In January 2019, even it was a cold winter, Bitcoin fell to $3000, We still launched the INT Chain mainnet, because we know we have so many objects to achieve. Up to now, our mainnet has been running for nearly half a year, in the meantime we made much remarkable development. This August INT chain New testnet will be launched. It has many exciting features. First, let me introduce its high-performance feature. We optimize the P2P, network protocol, and New INT Chain 4.0 uses IPBFT consensus, it will increase the confirmation speed to 1 second. That is 10 times faster than now. Second, a new smart contract will be released, it will fully compatible with EVM and WASM, it supports most developing languages. More friendly for developing INT DApp. I want to emphasize the most important principle when we design smart contracts– Security First. To avoid security problems, we have made the innovative design and made some standard design, just like the design principle of Wave language published by Facebook. Third, We have also got a lot of progress in sub-chain, cross-chain and privacy protection. Except these features, for a more secure and decentralized system. We will make some adjustments in the number of nodes, the entry requirement, and reward rules. We will keep improving in the future. Please pay more attention to our official media. I want to introduce the Titan Plan. While doing our developing work, we are also promoting the research of blockchain basic theory and exploring the future business model. 20 years ago，no one knew the internet would change our lives so much. In China, we now don’t need to take a wallet, just one smartphone is enough. Also, we don’t know after 10 years, how IoT, 5G, AI, and blockchain will change our lives. So we launched the Titan plan. Up to now, we have received more than 20 research works, we hope more and more teachers/students and engineers will join the plan.
2, Application ecosystem
INT has always taken the engineering principle to develop INT, and then I will introduce our work in industry application, INT wallet ecosystem and terminal products. As you know, INT has provided blockchain solutions for many government and corporation. Just recently, we signed a traceability project for chicken farming. Meanwhile, more projects are in business negotiation, including explosives traceability Systems, camera work-proof systems in more prisons. China has officially launched 5G, and the global 5G development will be faster and faster. We and our partners, such as China Telecom, Huawei, and ZTE, will together get more projects in industrial manufacturing 4.0, smart city, smart prison, etc. Of course, these projects are not easily implemented, but they will provide a lot of help for the development of INT. For the product for consumers, we continue to update our blockchain-router, we wish it will become the control center of IoT devices at home. We will launch the vehicles OBD device in two months. We are also working with partners to consider releasing a healthy product for consumers. The INT wallet will be officially released soon. Its name is Smart Wallet. For the first time, its name and logo are chosen by community members. Smart Wallet is not only a wallet but an important entrance of the INT eco-system. Smart wallet version 1.0 will have some basic functions, such as transaction, staking, voting, unstaking, and transaction record. We will continue to optimize the wallet system. In the future, with INT developers, we will develop applications, staking economy, charity, etc. in IoT. Before the launch of Smart Wallet, we did a lot of security testing, and with our security partner, Slow Mist, we launched a bug bounty plan. The process of wallet signing only been executed localhost, it can protect users from private key leakage. There are so many breakthroughs in 5G, edge computing, AI, and big data technologies in recent years, It will boost IoT blockchain and the machine economy will become a reality. To promote the development of the IoT blockchain, we will invest more than 1 million dollars and extra token to promote INT’s applications, this is a long-term process and we look forward to more partners.
The last pillar, I’d like to talk about our community. Without the support of the community, we will not have today’s result. Currently, INT has more than one hundred thousand users and nearly 40,000 overseas users from France, Germany, South Korea, Thailand, Singapore, Australia, and other countries. I have seen INT videos produced by community members. Thanks for your great work! I want to talk about our community partner plan, INT looks forward to a more international community, we promote the development of INT together just like a team. This plan has gotten a good result, In addition to 12 new Chinese communities, we have five new community partners in French, German, Spanish and Dutch. Our French community partners have released the French version of the INT video, we wish there are more partners of different languages to join us. We know that our capability is limited. As more and more community members participate in INT development, ultimately we hope that INT can be led by our community, this year we will take out 150 million INT held by INT Foundation, and hand it over to a special management committee, we are drafting the committee’s proposal collection document. Let me report the recent INT business development, we have established cooperation with some good IoT corporations and blockchain projects, also We have passed the review of one large exchanges, at right time, we will be listed. Time flies very fast, it has been more than an hour, I am so happy can share INT with you, Chinese Saying: Taking a step every day will reach a thousand miles away. Thank you all, looking forward to the next meeting. —INT Chain Foundation
How to follow, study and keep up to date with the Ethereum project. This info or link might help with newbies or people you would like to send info to regarding what ethereum is.
Iv been asked to put together some info / links on the Ethereum Project by a few people lately that iv met or talked to and since its Sunday and i got a half day from work here it is: I emailed them and then pasted it here so sorry if its a bit clumped together. Cant get the grasp of how reddit breaks up sentances 8-() https://www.ethereum.org/ Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk. The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe. Ethereum Blog: https://blog.ethereum.org/ Note: This is not investment advise, This email is just to show you what Ethereum is, what these 1000's of computer scientists, developers, programmers and hackers are building. A whole new internet run from millions of peoples computers all over the world to create the "Ethereum Virtual Machine" or world computer that 7 Billion people can log onto at the same time. It is censorship resistant, encrypted and the Ethereum Blockchain can not be hacked. This is going to change the world as we know it. There is a built in currency called "Ether" or "ETH" and can be purchased from any of many exchanges listed below. Note 2: ETC or Ethereum Classic is a smaller blockchain project that also uses the EVM (Ethereum Virtual Machine) and id advise to stay away from that project, it has not got the 1000's of developers building it like ETH does, it apparently has one or 2 developers that went their own way, The EVM can also run private and consortium blockchains that alot of big and small companies are building on for their inhouse private operations. Like a Intranet (intranet is a private network that is contained within an enterprise) Its very hard to understand at first what exactly blockchain is so here are some videos that i think explains it well: BBC 2015 https://www.youtube.com/watch?v=0X33lgMbvdI Ethereum: the World Computer https://www.youtube.com/watch?v=j23HnORQXvs An Ethereum Interview Series // Teaser from the recent Devcon2 https://www.youtube.com/watch?v=gHseIdJ0SJU What is Ethereum? https://www.youtube.com/watch?v=Clw-qf1sUZg&t=123s ETHEREUM explained in 100 seconds. https://www.youtube.com/watch?v=eRDKP8nCVtU Vitalik Buterin explains Ethereum https://www.youtube.com/watch?v=TDGq4aeevgY DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin https://www.youtube.com/watch?v=gjwr-7PgpN8 2016 China Devcon2: Ethereum in 25 Minutes https://www.youtube.com/watch?v=66SaEDzlmP4&t=1s Joseph Lubin - The Basics of Blockchain and Etherum https://www.youtube.com/watch?v=0ilYnuP1qd4&t=50s DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo Blockchain is Eating Wall Street | Alex Tapscott | https://www.youtube.com/watch?v=WnEYakUxsHU How the mysterious dark net is going mainstream https://www.youtube.com/watch?v=pzN4WGPC4kc&t=378s The four pillars of a decentralized society | Johann Gevers https://www.youtube.com/watch?v=8oeiOeDq_Nc Gavin Wood: Why is Blockchain a game changer? https://www.youtube.com/watch?v=ygZWhQXZtl4&t=188s Brock Pierce: Blockchain technology https://www.youtube.com/watch?v=3lMvo0PPxjQ&t=619s 2014 Keiser Report: New Crypto Phenomenon Ethereum https://www.youtube.com/watch?v=hdAnyC45ZbU (starts at about 12 mins) Devcon2 Videos from 2016 https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/videos Devcon1 and other Ethereum Videos from 2014 & 15 https://www.youtube.com/useethereumproject/videos Soundcloud: (these are great with Arthur speaking directly to Developers that are building on Ethereum) The Ether Review - Arthur Falls https://soundcloud.com/arthurfalls ConsenSys Media - Arthur Falls https://soundcloud.com/consensys Evan Van Ness sends out "The week in Ethereum" latest here: http://www.weekinethereum.com/ Id highly recommend subscribing to his news letter here http://evanvanness.us14.list-manage1.com/subscribe?u=4c6ec57a148e890524b6ac91f&id=7061f7fa65 Ethereum Rules and Getting Started Guide https://www.reddit.com/ethereum/comments/4ws9um/rethereum_rules_and_getting_started_guide/ Reddit: https://www.reddit.com/ethereum/new/ News, development and everything apart from price. Most news about Ethereum can be found here daily https://www.reddit.com/ethtradenew/ price and trading discussions Ethereum News commentators i watch: Crypt0 https://www.youtube.com/useobham001/videos Mr Yukon C https://www.youtube.com/channel/UClfAgeZvfwC9hcJrFisW8cQ/videos Ethereum people to follow on twitter to get linked and fed important blockchain info: @SingularDTV @golemproject @ethcoreproject @MrYukonC @EthereumCanada @ConsenSysLLC @R3CEV @DigixGlobal @AugurProject @NickSzabo4 @ethereumJoseph @Gatecoin @aantonop @BobSummerwill @GeorgeAHallam @el33th4xor @awrelllRo @mingchan88 @peter_szilagyi @koeppelmann @LefterisJP @stephantual @wmougayar @jeffehh @TaylorGerring @avsa (there is plenty more i just don't have them on my twitter yet) To run a node from your computer you can download the "Ethereum Wallet" here: https://github.com/ethereum/mist/releases Instructions: How to Install the Ethereum Wallet https://www.youtube.com/watch?v=Y3JfLgjqNU4&t=7s How to Back up and load the Ethereum Wallet https://www.youtube.com/watch?v=CZ8ZCtbxD0M&t=2s How To Watch Tokens and Other Smart Contracts with the Ethereum Wallet https://www.youtube.com/watch?v=V_KJ84jkPi8 Ethereum and other blockchain project prices http://coinmarketcap.com/ There are many exchanges that trade Ether around the world http://coinmarketcap.com/currencies/ethereum/#markets Some ones i have used are: www.kraken.com Accepts Euro, Dollar, GBP etc.. by SEPA or international bank transfer and you can buy Ether www.poloniex.com (does not accept fiat but it is the largest volume for trading crypto pairs, I have used www.bitstamp.net in the UK to buy Bitcoin and then send them to Poloniex to swap for Ether ) www.yunbi.com A very good exchange based in China and have listed a few ethereum tokens, you need to swap through CNY (Chinese Yuan) but its easy and very good support. www.bittrex.com No Fiat but also lists some Ethereum Based tokens www.gatecoin.com Based in Hong Kong and you can send Euro and Dollar, Also lists alot of Ethereum Based tokens, Volume is very low at the moment as they recover from a hack but they offer very good support. The safest place to store you Ether is on a hardware wallet like this one https://www.ledgerwallet.com/products/12-ledger-nano-s. You can also store all you Ethereum based tokens or shares on this device https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s The way "I view" the incentive to keep Ether (ETH) is the following and the reason i think it will go up in value is because of "The velocity of Ether moving through the Ethereum economy (Platform)". So the more Ether is used the higher the price will get and in a number of years will see us move down to the lower units finney, szabo, shannon, babbage, lovelace, and wei as the digital economy grows. Ether has 18 decimal places 1,000,000,000,000,000,000. Because after POS Ether total supply will be set at approx. 100 Million with a small inflation of 1 to 3% that pays the computers running it. So ether will be more like the reserve currency and trade currency between all the other currencies, contracts and Dapps interacting in the Ethereum digital economy. But its main function is like a gas to run the network. Every transaction you have to pay a tiny amount to the network that goes to all the computers running the network. less than 1 penny. Ethereum Based Tokens / Synthetic assets (What is a Synthetic Asset https://www.youtube.com/watch?v=St9DBpNBP1Q) On coinmarketcap.com you can see there are 642 other Blockchain projects listed and some like Bitcoin are 8 years old. 90%+ of these projects are junk projects developed by 1 or 2 people and are just copies of Bitcoin. Some have added extra functions over Bitcoin and Bitcoin is a very secure but slow payment DAPP but cant do much else besides payments. Ethereum was built from scratch and is built like lets say "android or a smart phone" so that DAPPS can be plugged in as you should have heard from the above videos. So there are now a good few DAPPS that are nearly completion that were built on the ethereum blockchain by different groups of developers. There are alot more but 328 are listed here: http://dapps.ethercasts.com/. So there is not just 643 blockchain projects there are over 1000 but all the ones on Ethereum can communicate or interoperate with eachother. Some notable ones you can see listed on coinmarketcap are Augur, Iconomi, DigixDAO, Golem, SingularDTV etc..... All these because they are built on the Ethereum blockchain can interact with eachother but the other 600+ blockchains can not. This is what makes Ethereum different from the rest. As DigixDAO is the one i have studied most ill give an example of a DAPP thats built on Ethereum and why a DAPP would be usefull In industry most work is automated, the operators no longer have to take process samples manually and send to the lab or go and top up a tank manually with certain additives, This is all done by automation, When the process is at a certain temperate, level, viscosity etc.. the instrumentation measures this and adds or pumps the necessary ingredients / additives to make sure the final product is made correctly. This automation has saved alot of costs and manual labour in industry. What Digix / blockchain is doing is automating alot of the back office paperwork, accounting, agreements etc... Example: company that owns a gold vault (Like Silver Bullion) have employees handling paperwork / sales etc and when people sell and buy gold it changes hands or changes registered ownership and the employees have to manually do this paperwork. What Digix provides is automated software that does all this automatically in 14 seconds. For billing / storage if you have gold stored in the vault you pay about 1% a year so you know if you have $10,000 worth of gold then you need to pay about $100 a year which you pay by topping up your gold (DGX) by $100 and its taken out automatically each day by a tiny tiny amount. The good thing is that if you have Gold Tokens as your savings instead of Fiat and you need to borrow $ short term you can borrow $ by agreeing to lock your Gold Tokens in a smart contract in the software and pay interest for that loan. If you pay back the loan over 3 months then the gold tokens are automatically returned to your address and you havent missed a gold rally or a Fiat devaluation. If you dont pay it back then the person who lent you the $ gets all your gold (or the % not paid) Again this process is automated in a smart contract and the bullion employee didnt have to settle all the paperwork, transfers of gold or get contracts and agreements signed by both parties, This is done by digital signature / agreements and saves the Vault operator alot of costs. The vault operator can also earn a bit of the loans interest and $ can be provided by them or even 3rd parties. Using the Ethereum blockchain this can be done for lots of different industries from banking, stocks, insurance, gambling, pritty much everywhere Other non Ethereum related Youtube people i follow, mainly Economics, Geo-politics, Gold / Silver etc.... These people give some very good info that you wont get from the big media companies or state media. Maybe this will help you understand why you should not keep 100% of your wealth in $ and maybe a few % is worth keeping in Crypto or ever Gold Physical or easier DGX (DigixDAO) or DGD. Greg Hunter https://www.youtube.com/useusawatchdog/videos Gerald Celente Trends in the News https://www.youtube.com/usegcelente/videos Gregory Mannarino https://www.youtube.com/useGregVegas5909/videos Realist News Jsnip4 https://www.youtube.com/usejsnip4/videos SGT Report https://www.youtube.com/useSGTbull07/videos Stefan molyneux https://www.youtube.com/usestefbot/videos X22 Report https://www.youtube.com/useX22Report/videos Clif High https://www.youtube.com/results?search_query=clif+high Noem Chomsky https://www.youtube.com/results?search_query=noem+chomsky Health Dr John Bergman https://www.youtube.com/usejohnbchiro/videos Nutrition Facts Org https://www.youtube.com/useNutritionFactsOrg/videos Any questions just ask
Question: the 3 days of devcon are over. Are people interested in reports on the next 3 days of international Blockchain week (demo day + 2 days of global Blockchain summit) http://www.blockchainweek2016.org `
The buzz during the day was around the "stick puzzle" that Bok Khoo was giving out to people. It is just a stick, with a loop of string. He gets you to turn away, he uses "the trick" to put it onto your bag and then you try to get it off. The WeChat channel was just filled with everyone asking where they can get it, and the screaming that they can't figure it out. Only about 5 people reported they were able to solve it (I haven't yet) http://imgur.com/mYfJQP4http://imgur.com/4Euka1a `
I'm biased, but I thought the announcement from Microsoft with the update of cryptlets was a big deal. The morning sessions covered a few different oracle systems, the afternoon had lots of IPFS sessions. Microsoft - A Lap around Cryptlets https://azure.microsoft.com/en-us/blog/cryptletsdd/https://azure.microsoft.com/en-us/documentation/templates/ethereum-consortium-blockchain-network/https://azure.microsoft.com/en-us/blog/authomarleyg Microsoft was a sponsor of Devcon1 & 2 Ethereum is a 1st class citizen Support for community & partners - Bizspark, Meetups, Workshops Announcing: Bletchley v1 Distributed Ledger stack V1 is a private Ethrerum consortium, that you can spin up for your own enterprise / group http://imgur.com/olwwd36 Cryptlets are being developed to help with security, identity, etc. How do you get trusted external data feeds injected into the Blockchain? Doing things on a specific interval (every 15 mins) When price of something hits a threshold (oil goes above $40/barrel) Secure IP protected algorithms, but still share with blockchain network. Use libraries for common platforms (.Net, Java, etc) Cryptlets vs Oracle Cryptlets will have a marketplace on Azure that will allow you to purchase and utilise Use case: Trigger on an event Wake up on 4pm, if market was open that day, then give me the price of gold for that day.Get signature of attested server, attested sender. Use case: Control Using smart contract like a traditional DB. Declare data you are keeping track of, and the functions/"stored proc" to update that data. Cryptlet runs off chain, and can be scaled up. http://imgur.com/ysgL8S2 Utility cryptlet. Use an attribute in solidity contract with cryptlet details Developer references at design time the cryptlet they want the contract to call Contract cryptlet, deploy the cryptlet at same time as contract. Why would you want Azure to do this? SGX allows you to create "secure enclaves", can have complete isolation on the hardware chip where it is not modifable. Provides a secure enclave at the CPU level. Can give full attestation right down to the silicon. Will be provided as a enclave container on Azure. Will be released for .NET core CLR first, then other languages. Can create cryptlet libraries that you can scale and put into the Azure marketplace. An ecosystem for developers & ISVs to consume and publish. Bletchley v1 released today will let you spin up a private consortium. Before today, it took a long time to try and deploy a private consortium (can take weeks to read doco, Now takes 5 minutes to deploy! Creates a private consortium, puts each member in its own separate subnet http://imgur.com/w4yUsqE Mist Vision and Demo I was too busy sharing the release posts of Microsoft project bletchey v1, missed this talk. It did look interesting, I will watch this one later. Idea: Reward for bandwidth. Providing connection could replace mining as entrance point for desktop computers. Allow you to have a trickle so you can trigger smart contracts. Standardised backends, so that you can swap out the underlying node between geth, blockapps, etc. Web3.js https://github.com/ethereum/web3.js Etehereum JS API Smart conracts are EVM opcodes, Helps translates calls to JSON RPC calls. Helps do the ABI encoding when sending data from JS to EVM It kept on growing, many different utility functions being thrown in. Is time to clean it up and be refactored. They are now building a NEW web3.js The communication will be socket based, will enable subscriptions. Everything will be based on promises to subscribe to events, like log events. Bunch of other newer cleaner methods and ways to do things like deploying contracts. Smart contract security Was a very good postmorteum of The DAO and things that could be done to mitigate it in the future. An issue with The DAO was trying to do a massive jump from centralisation all the way to full decentralisation. Meant no one could step up and make a decision on how to save it. We need to make smaller steps towards full decentralisation as we learn as a community how to do this. Same security patterns as yesterday's talks: check invarients, beware 1024 call stack depth, reentry exploit (update state BEFORE executing calls), timestamps are manipulatable. Updateable contracts. Who can update it? Community multisig? We need better rools: formal verification, compiler warnings, improved IDEs, trusted libraries, excape hatches Conclusion: It is still very early days in this space, be careful. A Provably Honest Oracle Model: Auditable Offchain Data Gathering & Computations Oracalize is the most widely used oracle (until everyone starts using Microsoft Azure cryptlets ;-) ) Contract calls Oracalize contract with the data they want, off chain they see this get the data, Oracalise then trigger their contract externally, which does a callback to your contract with the data. Can use external notary servers. Can get proof from multiple external services to get a higher level of confidence about data (e.g. stock price from a few feeds). Off-chain (auditable_ computation) AWS sandbox 2.0. Put the execution package onto IPFS, AWS gets it and executes it, signs it. iEx.ec: Fully Distributed Cloud Thanks to the Ethereum Blockchain http://iex.ec/ Provides blockchain based execution environments Global market for computing resources. Idea is to do what we did before with "grid computing" use the idle capacity of computers. But this time do a trickle of micropayments. Allows people to harness this global power to execute their tasks in a global "distributed cloud". The Final frontier: The company smart conract http://otonomos.com/ Helping companies to incorporate on the blockchain. Smart oracles https://github.com/smartoracles Connecting to external resources is difficult. Hard to try and use external currencies (like a bank account / fiat money) to make transactions. Could hook in paypal, HSBC, wells fargo, etc. Can provide your own payment services as an API to a smart oracle for smart contracts to consume. Do off chain data storage by calling smart oracle API Roadmap: more data sources & more payment methods IPFS & Ethereum: Updates https://Ipfs.io IPFS is AMAZING, seriously go watch the full 1 hour talks Juan has given in previous years. Current web has current issues. Centralisation, etc. IPFS is a new hypermedia transfer protocol Content can be retrieved not from specific servers, but instead via it's hash so that it can come from anywhere in the network (maybe from the person next to you who has cached it). It is highly modular, all of the transfer protocals, routing, naming, etc. are all swapable Is available as GO-IPFS & now JS-IPFS Means now you can run IPFS in the browser IPFS was great for static content, but not so great for dynamic content. Low latency pub/sub protocol will help with dynamic data. Created a distributed peer to peer chat app using this new dynamic content protocol. IPLD a common link-tree hash format Will be able to use IPFS to retrieve ethereum blockchain blocks DIRECTLY Can use IPFS as a package manager to retrieve them in a distributed manner. Many projects are using Ethereum & IPFS Uport, Digix, Infura, Ujo, Eris, Blockfreight. Filecoin was created as a way to try and incentivize nodes to keep files longer time. People rent out hdd space to earn filecoin. Exchange bitcoin/filecoin. Use filecoin to store files in network. Filecoin is going to be built on top of the public Ethereum blockchain, as a virtual blockchain / token. IPFS Libp2p & Ethereum networking Network connectivity between any 2 nodes can be difficult. Censorship, bandwidth, network issues, etc. Having to deal with different networking topologies and access. Libp2p & Devp2p is different. Devp2p is for Ethereum. LIbp2p is modular, can swap out components to change network access, encryption methods, etc. Can build up a MEGA mesh network, by utilising traditional wired internet, radio, bluetooth between some nodes. Web browser using web socket, to a node, which routes across network, to zigbee to a IoT device. Libp2p & Devp2p could merge and augment each other. Could create the libp2p components to replace the devp2p bits Any 2 nodes that speak the same protocol can communicate and be a part of the network chain. Experiment. They took the browser based version of EVM. Then used Libp2p to talk to the Ethereum network. Had a complete ethereum node running in a browser. Uport https://uport.me/ Universal identity platform Current challenges: key management. Ux for average person. Dapps via mobile. Identity and data ownership. How do you keep a consistent identity, even if you lose a key. Have some multisig contracts that you can use to keep track. Social recovery, use your friends to attest it is really you. Keep private key on mobile, do transactions on the desktop, scan a QR code to sign the transaction on your phone and send it off. A Deep Dive into the Colony Foundation Protocol It is an open source governance protocol built on Ethereum Problem with voting is how to prevent Sybil attacks. Votes are weighted by a reputation score. Reputation is non-transferable that can only be earned. Total weighted voting helps mitigate this. Chain orchestration tooling & smart contract package management Eris is tooling for developers. Package manager to build your own blockchain. Can compose a chain, e.g. geth + tendermint consensus. Init, install, do. Can easily install on Mac/bew, linux/apt-get, Windows/choco The Golem Project: Ethereum-based market for computing power http://www.golemproject.net/ Anyone can make an offer to sell computing power. e.g. Distributed rendering Want to create a standard framework that anyone can use to submit and process jobs. Status: Integrating Ethereum Into Our Daily Lives https://status.im Want to get ethereum everywhere. "Mist for Mobile" Everyone is using their mobile phones for everything, but mostly using instant messaging. What would Ethereum in a IM window look? Created a IM mobile app that has a local geth node. tart up, it asks you to create a password, it generates a pub/private pair. Then can send messages via whisper, and the messages are signed with your public key. Can load Dapps up in the local webview and interact with them. Allows you to create "chat Dapps", that you interact with via text. Like chatbots Maker Ecosystem Overview www.Makerdao.com Dai: seeking stability on blockchain. Stablecoin engine: smart contract that holds collateral reserves and controls the Dai lifecycle. MKR: open source community managing risk of the system In the last year, investing in a solid technical core. More slow and audit things. Moving into the next phase of stablecoin development. Their latest project is the "Simplecoin project" Meeting Thereum community's need for stability. An independent platform for creating centrally administered simple stablecoins. Issues create their own rule sets: Collateral types, participant whitelists, security parameters. Example: Shrutebucks. The only people who own it are Dwight, Jim & Pam. They backed it with 1/3 ETH 1/3 DGX 1/3 DUSD. Orbit. A distributed peer to peer app on IPFS https://github.com/haadcode Created a full distributed chat room, itself distributed through IPFS. It is integrated with uPort for identification Using uPort allows you to verify that you are talking to the correct person in the chat channel. All their messages are signed with their public keys He also created a full distribited twitter clone, using uport for the identity as well. Orbit-db key value store DB that stores its data on IPFS. Eventually consistent Appends data to the DB, an event is sent to those subscribed on pub/sub so they can see the latest root hash. Based on CRDT Ethereum + Pubsub + CRDTs + IPFS = super power primatives to build dynamic distributed apps Development considerations with distributed apps. Need to ensure that apps work offline. No centralised servers. No data silos. Provide integration path. Future work: could you use uPort for ACL like permissions? Mobile use cases, how to make it work nicely on mobiles Building scalable React Dapp architecture https://github.com/SilentCicero/react-dapp-boilerplate React + Ethereum He has a configured boilerplate template. Has contract scaffolding. Enforced contract Linting/testing. Wallet generation/identity. Preconfigured web3 instance. UI: Mature react arhitecture "react boilerplate". Prices listed in USD with ETH/btc via kraken api. A basic multi-contract example Dapp. Offline first, dapp runs without internet. Uses Redux. State models in UI & blockchains work well. PostCSS, CSS Modules, sanitize.cs. Redux, immutableJS, reslect, redux-saga, i18n, redux-router. Web3, ethdeploy, dapple, solium, eth-lightwallet, chaithereum, ethereumjs0-testrpc Enforced contract testing in 2 languages. Ethereum for Enterprise (BlockApps Strato) Trying to make sure that Ethereum stays relevent to enterprise development. Why do you need a blockchain WITHIN an org, shouldn't they trust each other? Well different departments may not, they may reconcile differently, and can help automate/orchestrate between them. Blockchain is the "killer app" for cloud financial services. Legacy infrastructure, batch prossing, etc are all restricting fintech from progressing. Blockchain can happen in real time, can replace legacy. Ethereum is very flexible and programmable, works well. There are others based on Bitcoin (like Hyperledger). Ethereum + Blockapps = Extreme productivity + Proven Technology. Blockapps is extending Ethereum for Enterprise. Runs very well on Azure Enterprises don't want all their data exposed on public chain. Blockapps helps solve data privacy and scaling with multichain fabrics.
Welcome at MyBit's official Reddit. Intro MyBit designs products that open up the world, creating tools that enable freedom and wealth generation for everyone. Its two flagship products include a decentralised investment platform (MyBit DApp) and the world's first decentralised IoT asset exchange (MYDAX). Powered by Ethereum. Founded in Switzerland by industry veterans, MyBit believes that people should be able to follow their passion instead of having to work to survive. By redefining the way people generate income, MyBit strives to democratise financial services so everyone has equal access to income opportunities. This becomes critical as the machine economy begins to dominate and 800 million human jobs are lost to machines by 2030 (Mckinsey, 2017). MyBit provides an ecosystem for the upcoming 11.1 Trillion dollar IoT industry (Forbes, 2017) among other collaborative tools, with the belief that everyone should have an equal opportunity to participate in this revolution. Follow MyBit on: Twitter Announcements/News Facebook Events/Meetups Telegram Quick Chat BITCOIN TALK Timely updates YOUTUBE Linkedin Blockfolio More Information WEBSITE Whitepaper
Where is MyBit registered? MyBit Stiftung (Foundation) is registered in Zug, Switzerland under public registration number CHE-177.186.963 and can be found in the commercial registry HERE. MyBit AG (Operating Entity) is registered in Zug, Switzerland under public registration number CHE-192.841.841 and be found in the commercial registry here. What is the responsibility of the Foundation and AG? The MyBit Foundation is responsible for managing capital flow, the MyBit Token, and the overall success of the entire ecosystem. MyBit AG is owned by the MyBit Foundation and employs the team as well as completes the engineering, marketing, business development, and other core functions. Why choose a non-profit structure? To best protect ourselves and our community we mirrored our corporate structure to that of Ethereum and are based in the same jurisdiction. This ensures that everyone involved with MyBit from team members, to contributors, to third-parties are protected to the best extent currently possible. Who is the team? Please review the company section of the website. Where is the team located? The core team is based in Zug, Switzerland where our offices are and company is registered.(edited) What legal firm represents MyBit? Mayerlustenberger Lachenal (MLL) which is one of the top law firms in Switzerland, with offices throughout the EU. They have a strong history in the fields of start-ups, energy, fundraising, and international law which made them a perfect match for our needs. Who are your partners? Please review the partners section of the website and our blog to monitor updates on the partnership side of our business. How much funds have you raised? During Phase 1 of our TokenSale we raised 10,044 Ether which at the time was approximately CHF 2’700’000. Are you planning a future funding round and why? Yes, however it will not involve issuing more MyBit Tokens above the current maximum supply of 180.000.000.
The Business Model
How do you monetise? All Assets funded on the MyBit platform are assessed a 3% fee 1% which goes to the foundation to cover ongoing operations and upgrades, 1% to the MyBit DAO, and 1% is used to buy back MYB from exchanges and burn it. Who will maintain the platform? The MyBit DAO is in charge of maintaining the platform. Who will upgrade and add new features? The MyBit Foundation and MyBit AG will collaborate to implement new features and upgrades. All DAO members are welcome to contribute and submit propositions for additional features which may be integrated after voting, rigorous auditing, and approval. How does regulation affect MyBit? MyBit currently complies with all regulation and is governed by the Swiss Foundation Authority. However, please note that regulation may prevent MyBit from entering certain markets and/or servicing certain users. What markets are you targeting? Initially MyBit will be conducting testing in Europe and Dubai. The first market MyBit will fully target is Europe, followed by Japan, China, Latin America, Australia, and North America. Dubai may be used as a testing bed for new products. What industries are you targeting? Initially we are focused on Autonomous vehicles, renewable energy solutions such as solar, cryptocurrency ATMs, cryptocurrency Mining, decentralised storage units and Smart IoT devices but any IoT device or machine that generates revenue can be integrated into the MyBit platform.(edited) Section 3: The Platform What is MyBit? MyBit is a company building ethereum-based products (aApps) which enable a range of income generating and collaborative transactions to take place without relying on a middle-man, broker, or intermediary fund. How does MyBit Go work? Similar to kickstarter or like investment platform. Users can log on and view assets to invest in. Smart contracts govern the entire process and act as a digital broker so you can be ensured the terms of your investment will be followed. Why would I use it? MyBit is the first platform to streamline investments into the technologies of the future. To invest in these next generation IoT assets via another platform or service would involve sending your capital to a third-party fund which creates counterparty risk, reduces personal control, and exposes you to exorbitant management fees. Who are MyBit Go's competitors? Traditional investment funds are the main competitor, with their advantage lying mainly in their existing client relationships. What is the competitive advantage? Traditional funds cannot compete with MyBit’s security, speed, and low fees because their business models and overhead infrastructure cannot easily be redefined to match MyBit’s benefits. Is it secure? On one end it is very secure compared to traditional funds because you are in control of your capital from start to finish and do not have to rely on a third-party to fulfill investment terms and entrust them with your money. All of this is automated with immutable blockchain-based smart contracts (or computer code that cannot be altered or manipulated in any form). On the other end of the spectrum Ethereum and Blockchain technologies are still largely untested and in their infancy which creates risks, so it is important for everyone to perform their own individual assessments. Do I have to pay to use the platform? Yes, there is a one-time fee required which differs based on features you wish to use. These one-time fees are paid in MYB and then the MYB is removed from the total supply. How do I fund Assets? It is as simple as logging onto the platform, finding the project you want to invest in, and sending Ether to the listed smart contract address. Then everything is automated and you will receive revenue distributions shortly after the asset begins generating revenue. Who can fund assets? MyBit scales to meet the demands of any user ranging from small individual investors to large institutional funds. Please note that users may be subject to different onboarding requirements based on investment amounts, legal structure (if entity), and location. What currencies can I use to fund Assets? Uniswap has been integrated to facilitate multi-token funding, this is a back-end conversion service that enables asset funding in any supported cryptocurrency with enough liquidity. Investment is denominated in DAI which is a USD stable coin, and In the future we hope to also implement fiat options. How often do I receive revenue? It is available for withdrawal at the discretion of the user. We aim to make our Blockchain powered, revenue distribution management system as real time as technically possible. What currencies can I receive revenue in? By default it will be received in Ethereum, but we will integrate a conversion layer to increase the amount of cryptocurrency options which it can be received in. In the future we plan to implement Fiat payment; However, that is subject to the cost-effectiveness and local regulations. What is the onboarding process? This is yet to be set in stone but we will be partnering with a compliance company to manage all onboarding and user KYC/AML. This can differ substantially based on location and capital amounts. How do you establish fractional ownership on the blockchain? Fractional ownerships is achieved by smart contracts and crypto movement recorded on the ethereum blockchain. Physical ownership is recorded through ownership of tokens in a smart contract. More units of cryptocurrency that are contributed to the initial whole of the funding requirement equates to more fractional ownership. For example, if a solar panel costs 100 units of ether then contributing 30 units of ether to the smart contract results in 30 percent fractional ownership which are stored in the smart contract. How will ROI be determined? The ROI associated an IoT Asset will be determined by the installer or producer of the asset and reviewed by the MyBit team to increase accuracy. We cannot guarantee the complete accuracy of the ROI estimations; however, as more assets are funded on the the MyBit platform, the data will be aggregated and analysed to increase the future accuracy of ROI projections. Is ROI accurate? ROI is reviewed internally by the MyBit team to help ensure accuracy; however, MyBit cannot guarantee the ROI. The ultimate decision to invest based on the ROI and its accuracy is the responsibility of the investor. Investment ROIs will get more accurate over time as we accumulate more investment data via the machine learning practices we will implement. How will tax credits and asset depreciation be handled by the platform? Tax credits towards the purchase of solar are priced into the asset funding price. Personal tax credits and depreciation expense are left to the investor and we advise to seek the advice of a certified tax professional. Can investors sell and transfer their shares of ownership? Not with the initial launch of the platform. Implementation of this feature is prioritized after initial testing and scaling. What happens when a dispute arises? All terms are recorded immutably upfront in smart contracts before they are deployed. When any dispute arises it is up to the parties involved to solve it - we recommend seeking third-party arbitration. Are there a minimum or maximum number of investor limits per asset? The minimum number of investors is 1. Each lister of an asset will determine if there is a maximum number of investors. Once a smart contract reaches its full funding requirement then the asset is locked from any further investments effectively capping off the number of investors. How do you handle depreciation? When choosing partners who will be listing their assets on the MyBit platform we review that the rate of revenue generation is greater than the rate of depreciation + operating expenses (projected)? This ensures that more profits are coming in than being lost to expenses and depreciation and that the total revenue generated over the asset's "normal" lifespan exceeds the cost of the asset. The majority of assets will be designed to operate (and generate revenue) until their lifespan is over, rather than deal with depreciated re-sale value. Therefore, we do our best to partner with companies whose assets can generate profits at a rapid rate to achieve full ROIs well in advance of the asset's life ending. Section 4: The Token What is the use of the MyBit Token? MYB is a utility token which is used to pay the one time fee to access different features of the platform. It will also be used as escrow by the Asset Managers to incentivise them to complete their work as needed. Staking is also planned to be added in the future. How does staking MYB work? More information will be made available prior to the Beta Release scheduled for Q4 2018. How do I trade assets I own? Typically, investments such as this are illiquid - meaning that you often have to wait until the profits exceed your investment to gain a full ROI. Or you have to sell the asset in full to obtain cash. MyBit lets users sell a portion (or the full amount) of their ownership to someone else in exchange for cash. The buyer is willing to complete the purchase to capitalise on the existing and proven revenue streams of the asset. So there is potentially a whole business opportunity in taking the risk of funding assets with unproven revenue streams and selling them shortly after at a premium if revenues surpass projections. Is MYB considered a security? No, MyBit is a utility token used to access the MyBit platform. The MyBit platform enables investments into IoT devices, but the token does not directly which keeps it in compliance with regulations. Also, there is no truly passive revenue distributions purely from holding the MyBit token due to users having to participate in staking, similar to how Ethereum is migrating their structure. What exchanges is MYB on? MYB is currently on HitBTC, EtherDelta, and Cryptopia.(edited) Where can I store MYB? MyBit can be stored on an exchange or any Ethereum wallet that supports ERC-20 tokens such as MyEtherWallet, Parity, or Mist. How do I add MYB to MyEtherWallet and others? You must add the custom token address via your wallet: 0x5d60d8d7eF6d37E16EBABc324de3bE57f135e0BC Additional parameters that may be needed include: name: MyBit Token , Symbol: MYB , Decimals: 18 Do you burn tokens? Yes, one-time platform access costs which are paid in MYB. Section 5: Other When will the Alpha be released? It was released in private on May 10, 2018. What is a Brand Ambassador? MyBit uses a Brand Ambassador strategy to have supporting members of our community host informational meetups around the world to spread awareness. How do I become a Brand Ambassador? Send us an email with your location and experience in the crypto-industry and we will coordinate an interview with you. When will the Alpha be released? It was released in private on May 10, 2018. Are you hiring? We are always looking for passionate innovators to join the team. Send us an email if you are interested in exploring full-time options or wish to become a Brand Ambassador.
What is MYDAX? MYDAX is the MyBit Decentralised Asset Exchange which is the world's first Blockchain-based truly decentralised exchange for IoT Assets. What can I use MYDAX for? MYDAX is designed to securely create a market for buyers and sellers of historically illiquid alternative assets without relying on third-party brokers and agents to establish trust. This creates a more fluid, secure, and profitable user experience. Will only assets funded on the MyBit DApp be on MYDAX? No, the beauty of MYDAX is that any IoT asset, either those funded directly via the MyBit DApp or those already funded, deployed, and generating revenue can be tokenised. Why would anyone want to tokenise an existing IoT asset? Liquidity. A large risk in alternative asset investing is the lack of liquidity - the inability to easily, securely, and cost-effectively find a buyeseller. MyBit streamlines this currently erroneous process with smart contracts. How is it more secure and faster than traditional secondary markets? By integrating Blockchain technology, we are able to automatically establish trust and proof of ownership so buyers/sellers are not reliant on third-party verification services to prove ownership (to the extent currently possible). Blockchain also creates transparency so financials can easily be audited (and trusted), and the exchange between ownership and cash does not require an intermediary which eliminates counterparty risk.(edited)
Asset Manager & Staking
What is the role of the asset manager? Many assets still require oversight, maintenance, and other operational requirements that are currently best completed by a human. The asset manager is rewarded with a percentage of the asset's revenue for his work. Why reward the asset manager with a percentage of revenue instead of a fixed amount? By taking this approach, it encourages the asset manager to complete his job to the fullest of his/her ability, as their work input should theoretically have a direct impact on their monthly profits. Fixed amounts often create complacency and laziness. What percentage of revenue does the asset manager receive? We believe in a free market approach where the asset manager can choose their percentage. We anticipate that it will typically range between 5-10% for an average asset. If the perecentage is too high, then investors will in theory not fund the asset, which will lead to an equilibrium percentage over time. How are investors protected if the Asset Manager does not perform or meet requirements? Investors of an asset can utilise our (anticipated) integration with Aragon to vote on removing an Asset Manager and replacing with a new one. This requires 51% of voting consensus. Investors voting power is equivalent to their percentage stake in the asset. Does the Asset Manager have any money at stake? Asset Managers are required to lock MYB in escrow as collateral to incentivise them to perform their duties. If they are removed from their position, the escrowed MYB will be forfeited to the new Asset Manager. When can Asset Managers withdraw escrowed MYB? Asset Managers can withdraw MYB in proportion to the percent ROI the asset has generated. For example if an asset is at 25% break-even, meaning it cost CHF 10.000 and CHF 2.500 has been distributed to investors, then 25% of escrowed MYB is elgible for withdrawal. The percentages at which withdrawal is available are: 25%, 50%, 75%, 100%. After Asset Managers withdraw 100% of their escrow what incentivises them to continue? The monthly revenue streams they are receiving. It is important to note at this stage, Asset Managers have no financial-risk because they have received their full escrow amount back, but investors have received 100% of their initial investments back so the risk of any loss is mitigated. How can I trust an Asset Manager? Asset Managers will receive a trust level based on a proprietary trust algorithm we are developing. This will also give suggestions as to the escrow range they should follow. What if an Asset Manager cannot afford the average escrow? This is where staking comes into effect. Hodlers of MYB can "stake" or post the required escrow for Asset Managers and in return receive a portion of the revenue stream assigned to the Asset Manager. What percentage of revenue do Stakers receive? Much like the free market model where Asset Managers can choose their revenue percentages of an asset they are managing, we believe that this should also be up to the discretion of the Asset Managers and Stakers. If an Asset Manager offers to low of a revenue share agreement, then in theory they will not have their escrowed covered by any Stakers. How are revenue share agreements enforced? Everything is done with smart contracts, so you can be sure it will function exactly as planned without any human risk. When can stakers withdraw their staked MYB? The same eligibility as Asset Managers - based on the revenue generated by the asset compared to the asset cost. Can escrowed amounts be crowdfunded by stakers? No stakers are required to post all or nothing. In the future we may implement crowdfunded staking, but currently it is not an option. Are assets listed for funding prior to having escrow requirements met? No, no assets will be listed to investors until 100% of the staking requirements are met. In what form of payment is revenue received? Ethereum by default; however, third-party conversion services may open up a variety of different crypto and fiat currencies which revenue can be received in.
How to follow, study and keep up to date with the Ethereum project. This info or link might help with newbies or people you would like to send info to regarding what ethereum is.
Iv been asked to put together some info / links on the Ethereum Project by a few people lately that iv met or talked to and since its Sunday and i got a half day from work here it is: https://www.ethereum.org/ Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk. The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe. Ethereum Blog: https://blog.ethereum.org/ Note: This is not investment advise, This email is just to show you what Ethereum is, what these 1000's of computer scientists, developers, programmers and hackers are building. A whole new internet run from millions of peoples computers all over the world to create the "Ethereum Virtual Machine" or world computer that 7 Billion people can log onto at the same time. It is censorship resistant, encrypted and the Ethereum Blockchain can not be hacked. This is going to change the world as we know it. There is a built in currency called "Ether" or "ETH" and can be purchased from any of many exchanges listed below. Note 2: ETC or Ethereum Classic is a smaller blockchain project that also uses the EVM (Ethereum Virtual Machine) and id advise to stay away from that project, it has not got the 1000's of developers building it like ETH does, it apparently has one or 2 developers that went their own way, The EVM can also run private and consortium blockchains that alot of big and small companies are building on for their inhouse private operations. Like a Intranet (intranet is a private network that is contained within an enterprise) Its very hard to understand at first what exactly blockchain is so here are some videos that i think explains it well: BBC 2015 https://www.youtube.com/watch?v=0X33lgMbvdI Ethereum: the World Computer https://www.youtube.com/watch?v=j23HnORQXvs An Ethereum Interview Series // Teaser from the recent Devcon2 https://www.youtube.com/watch?v=gHseIdJ0SJU What is Ethereum? https://www.youtube.com/watch?v=Clw-qf1sUZg&t=123s ETHEREUM explained in 100 seconds. https://www.youtube.com/watch?v=eRDKP8nCVtU Vitalik Buterin explains Ethereum https://www.youtube.com/watch?v=TDGq4aeevgY DEVCON1: Understanding the Ethereum Blockchain Protocol - Vitalik Buterin https://www.youtube.com/watch?v=gjwr-7PgpN8 2016 China Devcon2: Ethereum in 25 Minutes https://www.youtube.com/watch?v=66SaEDzlmP4&t=1s Joseph Lubin - The Basics of Blockchain and Etherum https://www.youtube.com/watch?v=0ilYnuP1qd4&t=50s DEVCON1: Ethereum for Dummies - Dr. Gavin Wood https://www.youtube.com/watch?v=U_LK0t_qaPo Blockchain is Eating Wall Street | Alex Tapscott | https://www.youtube.com/watch?v=WnEYakUxsHU How the mysterious dark net is going mainstream https://www.youtube.com/watch?v=pzN4WGPC4kc&t=378s The four pillars of a decentralized society | Johann Gevers https://www.youtube.com/watch?v=8oeiOeDq_Nc Gavin Wood: Why is Blockchain a game changer? https://www.youtube.com/watch?v=ygZWhQXZtl4&t=188s Brock Pierce: Blockchain technology https://www.youtube.com/watch?v=3lMvo0PPxjQ&t=619s 2014 Keiser Report: New Crypto Phenomenon Ethereum https://www.youtube.com/watch?v=hdAnyC45ZbU (starts at about 12 mins) Devcon2 Videos from 2016 https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/videos Devcon1 and other Ethereum Videos from 2014 & 15 https://www.youtube.com/useethereumproject/videos Soundcloud: (these are great with Arthur speaking directly to Developers that are building on Ethereum) The Ether Review - Arthur Falls https://soundcloud.com/arthurfalls ConsenSys Media - Arthur Falls https://soundcloud.com/consensys Evan Van Ness sends out "The week in Ethereum" latest here: http://www.weekinethereum.com/ Id highly recommend subscribing to his news letter here http://evanvanness.us14.list-manage1.com/subscribe?u=4c6ec57a148e890524b6ac91f&id=7061f7fa65 Ethereum Rules and Getting Started Guide https://www.reddit.com/ethereum/comments/4ws9um/rethereum_rules_and_getting_started_guide/ Reddit: https://www.reddit.com/ethereum/new/ News, development and everything apart from price. Most news about Ethereum can be found here daily https://www.reddit.com/ethtradenew/ price and trading discussions Ethereum News commentators i watch: Crypt0 https://www.youtube.com/useobham001/videos Mr Yukon C https://www.youtube.com/channel/UClfAgeZvfwC9hcJrFisW8cQ/videos Ethereum people to follow on twitter to get linked and fed important blockchain info: @SingularDTV @golemproject @ethcoreproject @MrYukonC @EthereumCanada @ConsenSysLLC @R3CEV @DigixGlobal @AugurProject @NickSzabo4 @ethereumJoseph @Gatecoin @aantonop @BobSummerwill @GeorgeAHallam @el33th4xor @awrelllRo @mingchan88 @peter_szilagyi @koeppelmann @LefterisJP @stephantual @wmougayar @jeffehh @TaylorGerring @avsa (there is plenty more i just don't have them on my twitter yet) To run a node from your computer you can download the "Ethereum Wallet" here: https://github.com/ethereum/mist/releases Instructions: How to Install the Ethereum Wallet https://www.youtube.com/watch?v=Y3JfLgjqNU4&t=7s How to Back up and load the Ethereum Wallet https://www.youtube.com/watch?v=CZ8ZCtbxD0M&t=2s How To Watch Tokens and Other Smart Contracts with the Ethereum Wallet https://www.youtube.com/watch?v=V_KJ84jkPi8 Ethereum and other blockchain project prices http://coinmarketcap.com/ There are many exchanges that trade Ether around the world http://coinmarketcap.com/currencies/ethereum/#markets Some ones i have used are: www.kraken.com Accepts Euro, Dollar, GBP etc.. by SEPA or international bank transfer and you can buy Ether www.poloniex.com (does not accept fiat but it is the largest volume for trading crypto pairs, I have used www.bitstamp.net in the UK to buy Bitcoin and then send them to Poloniex to swap for Ether ) www.yunbi.com A very good exchange based in China and have listed a few ethereum tokens, you need to swap through CNY (Chinese Yuan) but its easy and very good support. www.bittrex.com No Fiat but also lists some Ethereum Based tokens www.gatecoin.com Based in Hong Kong and you can send Euro and Dollar, Also lists alot of Ethereum Based tokens, Volume is very low at the moment as they recover from a hack but they offer very good support. The safest place to store you Ether is on a hardware wallet like this one https://www.ledgerwallet.com/products/12-ledger-nano-s. You can also store all you Ethereum based tokens or shares on this device https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s The way "I view" the incentive to keep Ether (ETH) is the following and the reason i think it will go up in value is because of "The velocity of Ether moving through the Ethereum economy (Platform)". So the more Ether is used the higher the price will get and in a number of years will see us move down to the lower units finney, szabo, shannon, babbage, lovelace, and wei as the digital economy grows. Ether has 18 decimal places 1,000,000,000,000,000,000. Because after POS Ether total supply will be set at approx. 100 Million with a small inflation of 1 to 3% that pays the computers running it. So ether will be more like the reserve currency and trade currency between all the other currencies, contracts and Dapps interacting in the Ethereum digital economy. But its main function is like a gas to run the network. Every transaction you have to pay a tiny amount to the network that goes to all the computers running the network. less than 1 penny. Ethereum Based Tokens / Synthetic assets (What is a Synthetic Asset https://www.youtube.com/watch?v=St9DBpNBP1Q) On coinmarketcap.com you can see there are 642 other Blockchain projects listed and some like Bitcoin are 8 years old. 90%+ of these projects are junk projects developed by 1 or 2 people and are just copies of Bitcoin. Some have added extra functions over Bitcoin and Bitcoin is a very secure but slow payment DAPP but cant do much else besides payments. Ethereum was built from scratch and is built like lets say "android or a smart phone" so that DAPPS can be plugged in as you should have heard from the above videos. So there are now a good few DAPPS that are nearly completion that were built on the ethereum blockchain by different groups of developers. There are alot more but 328 are listed here: http://dapps.ethercasts.com/. So there is not just 643 blockchain projects there are over 1000 but all the ones on Ethereum can communicate or interoperate with eachother. Some notable ones you can see listed on coinmarketcap are Augur, Iconomi, DigixDAO, Golem, SingularDTV etc..... All these because they are built on the Ethereum blockchain can interact with eachother but the other 600+ blockchains can not. This is what makes Ethereum different from the rest. As DigixDAO is the one i have studied most ill give an example of a DAPP thats built on Ethereum and why a DAPP would be usefull In industry most work is automated, the operators no longer have to take process samples manually and send to the lab or go and top up a tank manually with certain additives, This is all done by automation, When the process is at a certain temperate, level, viscosity etc.. the instrumentation measures this and adds or pumps the necessary ingredients / additives to make sure the final product is made correctly. This automation has saved alot of costs and manual labour in industry. What Digix / blockchain is doing is automating alot of the back office paperwork, accounting, agreements etc... Example: company that owns a gold vault (Like Silver Bullion) have employees handling paperwork / sales etc and when people sell and buy gold it changes hands or changes registered ownership and the employees have to manually do this paperwork. What Digix provides is automated software that does all this automatically in 14 seconds. For billing / storage if you have gold stored in the vault you pay about 1% a year so you know if you have $10,000 worth of gold then you need to pay about $100 a year which you pay by topping up your gold (DGX) by $100 and its taken out automatically each day by a tiny tiny amount. The good thing is that if you have Gold Tokens as your savings instead of Fiat and you need to borrow $ short term you can borrow $ by agreeing to lock your Gold Tokens in a smart contract in the software and pay interest for that loan. If you pay back the loan over 3 months then the gold tokens are automatically returned to your address and you havent missed a gold rally or a Fiat devaluation. If you dont pay it back then the person who lent you the $ gets all your gold (or the % not paid) Again this process is automated in a smart contract and the bullion employee didnt have to settle all the paperwork, transfers of gold or get contracts and agreements signed by both parties, This is done by digital signature / agreements and saves the Vault operator alot of costs. The vault operator can also earn a bit of the loans interest and $ can be provided by them or even 3rd parties. Using the Ethereum blockchain this can be done for lots of different industries from banking, stocks, insurance, gambling, pritty much everywhere Other non Ethereum related Youtube people i follow, mainly Economics, Geo-politics, Gold / Silver etc.... These people give some very good info that you wont get from the big media companies or state media. Maybe this will help you understand why you should not keep 100% of your wealth in $ and maybe a few % is worth keeping in Crypto or ever Gold Physical or easier DGX (DigixDAO) or DGD. Greg Hunter https://www.youtube.com/useusawatchdog/videos Gerald Celente Trends in the News https://www.youtube.com/usegcelente/videos Gregory Mannarino https://www.youtube.com/useGregVegas5909/videos Realist News Jsnip4 https://www.youtube.com/usejsnip4/videos SGT Report https://www.youtube.com/useSGTbull07/videos Stefan molyneux https://www.youtube.com/usestefbot/videos X22 Report https://www.youtube.com/useX22Report/videos Clif High https://www.youtube.com/results?search_query=clif+high Noem Chomsky https://www.youtube.com/results?search_query=noem+chomsky Health Dr John Bergman https://www.youtube.com/usejohnbchiro/videos Nutrition Facts Org https://www.youtube.com/useNutritionFactsOrg/videos Any questions just ask
I was able to get my hands on one of the coveted "Hard fork café" tshirts. Victor Lysenko from Acronis had brought a collection of them along, and was handing them out to for free to special people. Awwww <3 http://imgur.com/34Fthkj In the evening I was able to have dinner with Vitalik swoon He ended up ordering a selection of dishes on behalf of the table. He did a brilliant job and managed to do it in Mandarin. (Made me realise I need to step up my Mandarin lessons). http://imgur.com/D0pWga8http://imgur.com/6ZsUaNN There were quite a few presentations delivered in Chinese today. Live translation headsets were available. I was extremely impressed with the ladies doing the live translation, they were able to handle all the technical words and kept up very well with the demos. Apparently behind the scenes they had to train themselves up by reading blog posts and researching the topic so that they understood the technical jargon. http://imgur.com/Fi1PFid ` `
Demo day sessions summary
Today was demo presentations to a panel of judges, who voted on and decided the winners at the end of the day. http://www.blockchainweek2016.org/ On the negative grumpy side, there were so many similar projects (identity, stablecoins, distributed loan platform). But their were HEAPS of projects revolving around them building their own Blockchain, but never saying why their particular one is better than the existing Blockchain solutions. They always talked of the benefits of the Blockchain for business in general, but never their particular one specifically. However on the positive side, there were many great projects that made me sit up. The most interesting ones were projects like Weifund that leverage many other existing projects on the blockchain. Interestingly there were 17 projects that were building directly on top of the existing Ethereum Blockchain technology (both public & private) and leveraging the network effects. But strangely I didn't see any projects building on any other existing Blockchains such as BTC or Hyperledger (beside the 2 presentations by IBM pre-demo). Vitalik's comment near the end of the day summed it up well for me. A lot of the demos are creating projects that aren't really leveraging the Blockchain, and aren't better than the traditional version. A lot of the solutions are also still centralized, and rely on a single company. Don't try and create your project as a standalone solution. This is especially true with the many many identity services that are being created as new silos. Try and build something decentralised that can outlive a company and can grow. Uport was 1st prize. Other winners were weifund, Cosmos and others I didn't catch. I unfortunately missed uPort as I was late coming back in after the break :-( `
Keynote - IBM Hyperledger Very very high level information. Blockchain is useful. The value of a network grows exponentially with each new node Generic slides showing "Blockchain allows people to interact via the Blockchain". He said that "Companies in Silicon valley are trying Ethereum and then moving to Hyperledger in droves", sounds a bit farfetched to me (but i am biased) Opening speech by Sinodata Blockchain is important for the future of business. Sinodata are building things for b2b & b2c No details. Other companies are looking into 1.0 & 2.0, but they are more advanced. They are willing to share their vast experience in blockchain with other blockchain companies. "We are the creator & users of blockchain." ` `
Funny anecdote. During the introduction of the judges, the MC introduces Vitalik and the crowd cheers loudly. Chinese MC: "Oh... the audience is very excited about this judge, he must be very important" Ujo music "Fair drm" Music consumption is at an all time high. If consumption is waaay up, how is it artists are still hardly earning enough to support themselves. Artists have lost control An artist has fragmented identities on Spotify, soundcloud, discography, beatport. Difficult to keep fans up to dates on tour days Fan remixes on soundcloud get pulled down due to copyright infringement. Ujo gives fans a way to pay directly to the artist Use Ujo as their kit / digital container, to be in charge of their identity Reach piece of content is marked with their digital ID, so it can be tied to artist. Can set policies on fair use and creative rights Bestowit.global Everything changes when someone dies. Difficult time, need to find the will, usually paper based. If no will exists, then government decides. Difficult to know where to look for wills, no central place to look. Succesion law hasn't been updated in a long time, isn't up to date in a digital world. Created "living ledger". Wills on the ledger. Created a smart envelope, an iot device to put will inside and then seal and out on blockchain Vechain Unique ID on Blockchain Seems "to do everything": Id, lifecycle management, management portals. (no focus, which judges also commented on) Has a chip you can embed into anything to tag it. Can put on clothes or a bag, every article has a unique Id My thought: For those that like to show off their money & brands, now why just buy your avatar digital clothes to show off on social media. Instead now you can buy a Chanel bag, then you can prove on social media that you own own to show off. Decentralized capital Summary: it is a stable coin They use DC capital to back tokens. Use assets to purchase and back tokens. Bubi Blockchain (pronounced booby) Summary: they built their own Blockchain Data sets data is centralized. You don't own your own data. Your data is being monetized by other companies. They provide Bass Blockchain as a Service. Applications can use their Blockchain. Get data security. Finance. Etc etc Can do loyalty points, games, etc It is a Blockchain… They have 20k transactions a week "People should use our Blockchain. Will give you more opportunities and value" DGX A real stable coin Digital gold. 1 DGX = 1 gram of gold Each token is back by real gold in a vault, fully insured. The certificate of authenticity is put into IPFS Is ERC20 token compatible Introduction digix 2.0 Can log on and buy gold. Is implementing KYC (know your customer) Me: I like it, I tried to join the pre-sale, but sold out instantly. Cosmos (prize winner) Http://cosmos.networkhttp://tendermint.com A network of Blockchains (Cosmos hub). Securely communicate between the chains Uses Tendermint (which they built) Cosmos is a public Blockchain built on Tendermint. Could have a number of EVM based networks, then put a Cosmos hub in the middle to allow them to communicate with each other. Ethereum & Tendermint work well together. DeVita People waste lots of time trying to find answers on the Internet Post bounty for answers But bounties are posted on forums. How to enforce payment. They created a decentralized bounty system Can use the data of people who answer to create a CV "proof of expertise". EtherLoan Problems with centralized lending platforms, include hacking and high costs. Their solution connect distributed members with borrowers. Lenders can send funds to smart contact to participate in a loan. Borrower repays the loan, gets distributed to the lenders Borrower creates a new EtherLoan. Can customise the terms. If lenders like it, they fund it. Can negotiate the interest terms Is currently a PoC. Only supports simple loans with single repayment. Integration with unorthodox. Reputation system. Future : compound interest. Integration with credit score & risk management systems Qtumhttps://qtum.org/ Yet another Blockchain? They built it on incentive PoS. Can bring regulators & government. They want compatibility with Bitcoin & Ethereum. Pluggable consensus. Public & permissioned Blockchain. Supports EVM. EVM 2.0 Can apparently do anything that any other chain can do because you just code it in. Support for oracles. Integrates with KYC/AML Can run zcash in here. "does everything" Vitalik gave A LOT of feedback after the talk for it trying to do too much with no focus. Benefactory Like a next gen The DAO, but the funds are for non profits? Platform for distributed organisations. Pooling funds is hard Let individuals decide how to use their own funds Commonwealths are distributed non-profit organisations. What problems should you propose to solve to achieve a commonwealth objectives (and get funding) Zhong Tou Bang Lots of pollution and health issues in China Most Chinese people don't have health insurance Health insurance of on Blockchain Problems of privacy, how to protect it. User identity Trusted key Secure trusted identify Online id systems don't attest to a real world identify. Currently each online service (e.g. Airbnb) had their own verified user system which is not transferable. Using identity documents like drivers licence. Take photo of documents, take a selfish. Submit it. Once verified the proof is attached to identify. Can later provide proof the parts of the proof you want to share (name, age, gender Can then later cryptographically sign documents, like bank documents with your digital signature Coral legacy Creating a direct link from various to consumers. For wine. For $100 you can purchase a grape vine at a vineyard. You get the wine created from that vine. The vine is tokenism on the Blockchain. Your wine is in Blockchain, tied to your vine. Date, history, etc. Vine is $100. Administration is $10 / year. To make and record the wine is $30 / year B8 https://eth-b8.com Location based Blockchain service Organiser can drop a prize anywhere (geocache ?) People gather around a prize, one enough people have gathered, prize is distributed. Encourage people to gather at a point for an event eg. Mall opening Simple command line, put geo coords, number of people required to trigger, and total amount of ETH to distribute. Can try and counter GPS spoofing by using GPS & beacons. While also tracking user to detect anomalies, like jumping from USA to China in 5 minutes Judges (and attendees) were more interested in the anti-GPS spoofing technology, than their blockchain Dapp BioT. Blockchain IoT Like Slock.It IoT device with a light client that can connect to the Blockchain Can send ether to trigger the IoT device (like a vending machine, or smart meter). Can have a mobile SIM in it. Weifund (prize winner) Http://weifund.io Nick Dodson Make crowd funding an easy and simple thing to do. Decentralised kickstarter Crowdsales are not an easy thing to code yourself in a smart contact. They have put a lot of effort into security in their solution. They will have many types of campaigns, like presales. Supports many types of currencies. Is built fully decentralised, distributed via IPFS. Uses Metamask & uPort for identity Fluent Http://fluent.network Platform for financial operating network for global trade. Very enterprisey. Token http://token.im Chinese Blockchain startup Digital wallet, mobile app. "digital assets wallet" Light wallet. Looks very clean and slick. Trade tokens, use Dapps. Alipay app is popular here in China. They hope to be as popular for digital. Built a Ethfans & carbon vote integration Token factory http://thetokenfactory.com/ Create something that would allow people to experiment. Make easy to create and distribute your own token. Issue any token on any Ethereum network Simple wallet interface. Follows the token ERC20 standard Works with Metamask uPort Mist my ether wallet Stabl Coin http://stabl.money Literally just another stable coin Alta apps Another Blockchain with their own platform Hyperchain Another Blockchain Other Blockchains take too long to confirm. Bitcoin can take an hour Theirs is better because of lower block time ANX international Abs Blockchain services. Provide Blockchain services. Have their own platform. Provide a white labelling service of wallets, tokens
Log of slack AMA with Status.im - @carlb (Carl Bennetts) and @jarradhope (Jarrad Hope)
boldninja Let's all give a warm welcome to @carlb (Carl Bennetts) and @jarradhope (Jarrad Hope) from Status.im. dr10 Lol carlb hey everyone dr10 He guys joelafc hey carl and jarrad! welcome to ark slack! michaelthecryptoguyhttps://forum.ark.io/topic/247/arkfuturesmartnode-1st-month-100-percent-giveaway (edited) carlb pleasure to be here, thanks for having us :slightly_smiling_face: tranzer hi guys welcome to ark cointrader welcome @carlb @jarradhope michaelthecryptoguy :wave: joelafc lol michael boldninja You can start asking questions - give them some time to respond if too much questions at a time :slightly_smiling_face: beez Hello gentlemen gmp oh yeah... I forgot there was an AMA today. Hey guys :fiestaparrot: techbytes Welcome to the ARK Carl. and Jarrad. joelafc such extra tranzer Status looks like a cool concept who do you see as your biggest competitior currently? dr10 How would you explain status to someone who bought his first btc (and ark :joy:) 1 week ago? (edited) jarradhope probably using https://www.youtube.com/watch?v=Je7yErjEVt4 YouTube Status Status, your gateway to Ethereum (The Status Network launches June 17th) :smile: dr10 Cant watch it now :sweat_smile: cointrader @dr10 can watch it later :stuck_out_tongue: tranzer Did you raise any funding yet for Status or offered pre-ico? jakethepanda What gives the token value? beez Whatever people are willing to pay for it. dr10 What kind of partnerships and exchanges you can already share with us carlb So Status is an open source messaging platform and mobile browser to interact with decentralized applications that run on the Ethereum Network. The closest thing to compare it to is WeChat - the core difference being we're built entirely on peer-to-peer technologies. What we aim to provide is an easy way for non-technical users to begin using blockchain-based payments, and decentralized applications In regards to funding - we've been completely self-funded up until this point. Jarrad & I have been business partners for ~6 years now, and are lucky to have capital from our prior ventures to fund this project. (As of today we're a team of 12) castro_saint Hi guys, on a scale of 1-10 how confident are you that the distribution dynamic ceiling method will help little guys like me participate in the ico? dr10 What are the references for you and your team members? On what projects did you work before bioly Does Status ICO have any min and max cap? dr10 Do you expand ur team after ico? beefrog quite the barrage of questions! haha mike do you have developers working on the project already? carlb @castro_saint 8. I feel confident our issuance model is a big improvement on the 'standard' to launch model. The outcome will almost certainly be a much wider distribution compared with other token launches. Of course, we certainly can't promise everyone will be able to participate - but what we can do is make it significantly harder for whales. (for those of you wondering what Nathaniel is referencing https://blog.status.im/distribution-dynamic-ceilings-e2f427f5cca) (edited) jarradhope @castro_saint I think we'll achieve a pretty decent distribution, it's hard to boil it down to anu mber since it's an experiment on a model not tried, but I feel 8 we'll achieve a better distribution than most, aside from the SGT holders themselves, just today we've made some modifications where we will limit gas price per transactions, introducing a preference period for SGT holders (which is about as good as we can get as 'identity' on short notice) into the initial ceilings, and we've also changed how ceilings work, now each transaction is only capable of getting 3.33% of the ceiling margin per block mike thanks, carl, for taking the time to do the AMA for us. michaelthecryptoguy For someone that doesn't use crypto currencies. What incentive or (bonus) will Status offer to make a user switch from a messaging app such as kik or facebook? carlb thanks @mike! and yes of course - the best way to gauge that (and any project for that matter) would be to look at our repos on Github: https://github.com/status-im/status-react GitHub status-im/status-react status-react - a free (libre) open source, mobile OS for Ethereum cointrader thanks guys for doing this AMA! really appreciate it! jarradhope @dr10 yes we'll agrressively expanding, i've been on interviews today we'll have at least 2 teams of 3 for the dapps themselves, we're bringing on more Clojure & Go developers for the core application and we're looking for product managers. at the same time our core focus is to decentralise Status' development which is why we created commiteth.com our github bounty bot (edited) carlb thanks @cointrader. (@mike Commiteth intro post for reference: https://blog.status.im/introducing-commiteth-enabling-a-community-driven-development-model-52159984c531 ) (edited) mike hi jarrad, very glad you could join us as well. jarradhope happy to be here :slightly_smiling_face: although i can't seem to type today castro_saint It's probably ages away but do you have a target for when you plan to go to market? jarradhope @castro_saint it depends on many factors, but I think we'll be able to consider initial user acquisition end of Q1, 2018 we do have to go through security audits which we hope to do sometime in Q3, and then it depends on how well that goes for the base client castro_saint Wow that's quick You mentioned limiting gas prices? Will you announce what the gas limit will be or will it be hidden? dr10 Can status be used all over the world (like china) or does it have to fear censorship? mward so the token will be relesed in Q3? or Q1 2018. Or After ico ends? jarradhope @castro_saint that's for just the base client, it won't include the dapps and other systems in whitepaper will take us through 2019 although we should be able to get some MVP's demo-able on testnet first half of next year @mward the token will be transferrable 7 days after the contribution period is finalised dr10 Is status safe/secure/private? E.g. Not like whatsapp jarradhope @castro_saint https://github.com/status-im/status-network-token/blob/mastecontracts/StatusContribution.sol#L39 GitHub status-im/status-network-token status-network-token - Smart Contracts for the Status Contribution Period, along with Genesis and Network Tokens boldninja That dynamic celling is kind of hard to understand on a first read any TL;DR; for it? dr10 As an end user what can i do with status token? Tell me some daily examples please (edited) castro_saint Is there any specific dApp that you will focus on developing first or is that undecided? dr10 What is your marketing approach to grow in this market with already established giants? jarradhope @dr10 we use the Ethereum sub-protocol Whisper (SHH) not to be confused with signal, what's interesting about it is that it provides dark routing and is p2p, ontop of that it uses an identity based encryption scheme. We're also looking to introduced stronger forward secrecy which looks like will be an implementation of Double Ratchet and 3-DH. We won't make any claims it is secure until we've undergone security audits cointrader hey guys i’m wondering - do you worry that the cost to use status will make adoption more difficult? carlb @dr10 adding to Jarrad's point, we're also completely open source. What makes us different from WhatsApp for example (which is closed source and thus requires some blind trust), is we don't use a client-server model, instead each participant servers as a node on the (Ethereum) network. @cointrader great question. I think this concern is valid, and more broadly applies to Web 3.0 itself - actions in this ecosystem cost very small amounts of money, rather than small violations of your personal liberties. If you're not paying for a service, you're likely paying for it in some other way. Will the average person warm up to the idea of paying fractions of a cent from time-to-time? I think so, looking at revenue of the Google Play or Apple App Store there's certainly already a willingness to pay for centralised applications, and perhaps it'd be more common already if credit card processing wasn't so cumbersome and costly for merchants for small transactions. The benefits that Status can provide will of course need to significantly outweigh the cost for for end-users, and while I'm biased, I would argue the use-cases and convenience of DApps will be superior to their centralized competitors (take Etherisc and Gnosis as two examples, and consider how they these may feel within a conversational user interface). dr10 Can my status account with all private Data and pictures etc be hacked? jarradhope @cointrader to use Status it's completely free, we're only making costs you already pay (by platform owners selling your data and serving you ads) explicit. There's nothing to stop a push notification provider offering to give you 'free' push notifications, for any reason, maybe even serving you ads. @dr10 all your information is stored on the client, its on your phone, if that gets hacked, you have bigger problems. Although we'll store it encrypted of course, and later when we have light swarm clients, you could even encrypt and store your application database on Swarm, whether thats on a local node you keep at home, or in the swarm itself. dr10 So status can be used worldwide without censorship? I can chat with friends in North korea or china? joelafc hahaha you have friends in north korea???? dr10 No. But an open social world is a game changer imo joelafc yeah i get ya jarradhope @dr10 in principle, yes. Depending on what influences are out there, they may have to compile Status themselves, but there is no servers that are required for Status' operation, if they can connect to the Ethereum network they will be able to use Status joelafc sick dr10 And imagine turkey president cant turn off the usage of status in critical situations Nice carlb @dr10 Status, like cryptocurrencies, are borderless. The case of North Korea is more complex, given the government will make it very difficult to obtain the source code or binary in the first place given the state of the internet there. dr10 Okay jarradhope nothing a concealed usb stick couldn't solve castro_saint You said the market cap is definitely $200m but can you confirm if its under $1bn? jarradhope wut? carlb @castrosaint I think you may have misread? I said it is definitely _not 200M dr10 Do you plan to go to bitcoin rsk or others too? tranzer It is 199.9m :evil: dr10 What happens to status if ethereum gets bloated and slows down etc Like in bat ico castro_saint Oh I thought you said it's definitely over 200m cointrader castro_saint: no i think that was someone else and carl said no jarradhope Ethereum Foundation is working really hard to make blockchains scalable, that's what Proof of Stake and Sharding is all about dr10 Ok lets hope it jarradhope on a scale on 0-10 my confidence is about 9 in them 1 to leave room for the unknown :slightly_smiling_face: dr10 How do you get status to the billion Users out there What will be ur arguments myarkname Why there is a different time for the AMA session in here and in Twitter ? joelafc asking the real questions myarkname Also time conversion here is wrong dr10 Most people dont know cryptos. even dont care for security or privacy (facebook) (edited) cointrader dr10: that will come in time carlb @michaelthecryptoguy So the question about overcoming established messengers is a good one. Long-term for mainstream adoption we need: 1. Lower transaction costs 2. Greater convenience 3. New use-cases not possibly without the use of a blockchain (Etherisc or Gnosis for example) tranzer Do you have any partnerships already in the pipeline that you can reveal? carlb @dr10 Ultimately we're building Status for the general public, but there'll be a number of market segments that we'll focus on first as we work towards this goal (not to mention Ethereum's network needs to be ready for this first). The logical progression from the Ethereum community would be to the greater crypto space, followed by privacy conscious groups and libertarian groups. While this is far from 'mass adoption', the success of apps like Signal and Telegram (each with tens of millions of users, and whose core marketing messaging is privacy) serves as a testament to how deeply this resonates with a small, but growing percentage of the population in many markets. Beyond this, we can begin creating custom marketing campaigns and custom on-boarding sequences into Status for specific DApps we believe we can get users for (DApps are really the core value-proposition). It's worth noting here from a user acquisition perspective there are only a few key metrics - retention rates are the big one early on, and realtime bidding platforms (DSPs) make this very much a data driven approach. In our experience once you find some pockets of high converting users you can scale very quickly. Looking further ahead I'd love to see Status bringing access to financial tools and services to emerging markets, but these are complex problems and often mobile data costs are a hurdle to adoption. I suspect this would require working more closely with communities and mobile carriers, which also we're prepared to do. rhmral How many users would you consider a succes in the first 2 years? pronto is this AMA time? jarradhope Carl and I come from a background in software distribution, for 3 of the 6 years working together we ran a distribution network, within that time we were able to drive 20M installs, and thats how we've been able to self fund Status' development so far rhmral Good job! But are you guys aiming at mass adoption? Or looking for a niche market with a few million users? carlb So yes, you're completely right, the majority of the population don't care about security, privacy or blockchain (although these groups are certainly growing), but with what we're building, and the flexibility of Ethereum provides they don't need to. For example we're in discussions with a London-based startup working to create GBP (£) as an ERC-20 token. What this would mean is Status users could be using a wallet with fiat-currencies (using the Ethereum Network), without ever knowing they're using blockchain technology. mike will you have in-app payments? dr10 Will you offer streaming Services, video chat etc? How costumized can I create my status feed? Twitter, facebook and instagram, whatsapp, telegram all have their key differences in what kind of postings and information they "feed" their users. What is your key focus? jarradhope @rhmral I think with the Status Network, we are giving the users of Status an economic stake in Status' success, I think this will drive network effects stronger than ever before, I think for mass adoption we shouldn't even be talking about crypto arguments, just like how you don't need to know TCP/IP or HTML to browse the web, with stable coins users won't even need to know they are using crypto under the hood carlb @mike Yes, Status let's you send payments to other Status users (today you can do this using testnet ETH and we're working to add ERC20 support), so you'll be able to send any type of digital asset on Ethereum from within a chat. It also has a built in wallet. So in that sense we're providing a mobile banking experience built entirely on p2p and blockchain technology. jarradhope @dr10 the Swarm guys are working on video conferencing, when that seems stable we intend to bring that into Status @mike sure, you can send eth in status chats right now, and soon erc20 tokens - we aim to be a hybrid dapp browser (like mist or metamask) and messenger, on a mobile device mike Swarm fund - Joel and Phillip? jarradhope No, Swarm the other Ethereum sub-protocol carlb @mike no, Swarm is an Ethereum subprotocol, a bit like IPFS. (a decentralized dropbox is sort of close comparison) @mike https://github.com/ethersphere/swarm GitHub ethersphere/swarm swarm docs mike ok, thanks. nice! i'm involved with swarmfund, hadn't seen video conferencing, now see differentation. okinawa do you guys have like a bounty program? jarradhopehttp://swarm-gateways.net/bzz:/theswarm.eth/ swarm-gateways.net Swarm Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference. mike thanks for link carlb @rhmral Long term absolutely. We're not aiming for a niche market - but it certainly makes sense to focus on a smaller market first, until the underlying technology and the ecosystem of decentralized applications is capable of handling widespread adoption. rhmral @carlb That sounds reasonable carlb (right now we have ~7k users on alpha, and 16k people total who signed up to try the beta) Note though on iOS we're still on TestFlight, which has a hard limit of 2,000 users. jarradhope @okinawa we have SGT which is similar https://blog.status.im/distribution-dynamic-ceilings-e2f427f5cca and we have commiteth.com which we'll be creating bounties for open source code contirbutions (edited) techbytes Are you guys planning on supporting other blockchains or will this be only for ETH ecosystem? dr10 Do you see steem as a competitor or are you completely different? Like comparing reddit to facebook carlb @dr10 I see steem as a very different product. dr10 Ok What is ur marketing phrase for magazines and new customers :joy: jarradhope @techbytes Ethereum is going to be our bread and butter, if we can do light clients for other chains in a resonably non-resource intensive way and still maintain decentralisation, we'd certainly be open to it techbytes You could work with ARK to connect all other blockchains... :wink: joelafc yes please carlb As for partnerships announcements someone asked earlier, more recently we announced: Aragon - create and manage a decentalized organization from your mobile. (https://cointelegraph.com/news/aragon-partners-with-statusim-to-hook-23-bln-smartphone-users) Bancor - issue your own currency or tokens (https://blog.status.im/issue-your-own-tokens-from-your-smartphone-552c6696eaba) We do a lot of BD and work with most Ethereum-DApps. We do have an announcement next Wednesday but that will have to wait :slightly_smiling_face: But will (once we're on mainnet) allow users to spend their ETH and digital assets in their Status wallet, from anywhere Mastercard is accepted. (edited) techbytes Looking forward to that announcement tranzer Those investment (celling) stages. Any info on maximum ETH per transcation or will that be hidden as well (or at least like range) ? carlb To answer an earlier question. What can you do with Status today? Well we're on Testnet, but you can:
Communicate freely. Send encrypted messages without having to trust the company controlling the server (we're serverless)
Take control of your digital wealth. ie. Send ETH payments to friends.
Browse DApps like one could on Mist or MetaMask i.e. Post or find work on http://ethlance.com, buy a travel insurance policy https://etherisc.com/, fund management with https://melonport.com/ etc etherisc.com Welcome to etherisc - decentralized insurance applications etherisc - Building decentralized insurance melonport.com Melonport Blockchain software for asset management (edited)
rhmral That sounds promising @carlb ! carlb We're also running a Hackathon right now (http://hackathon.status.im/) which ends on Saturday (winners announced on Tuesday), and we hope to see some fun experiments and use-cases explored. hackathon.status.im Status $25,000 Global Hackathon The Status Global Hackathon is a week long event from June 3rd to June 10th, with $25,000 in prizes to be won for the best DApps created. beefrog Nice to see a team spending money before they ask for money. Great stuff cointrader @beefrog yes i agree, i’m very impressed by the work that’s already gone into this. more than i expected actually tranzer Me too I got convinced today I'm investing some, hope I'll be able to get in techbytes Any more questions? cointrader nice to see a popular github repository for a project :joy: jarradhope thank-you very much :slightly_smiling_face: techbytes Glad you guys stopped by today. Didn't know anything about Status until now. mward :clapping: well done guys jarradhope thank-you for having us! boldninja Thanks carlb and jarradhope for taking the time for this AMA - it was really informative, hope in the future Ark and Status will collab :slightly_smiling_face: good luck with the sale and that everything goes smoothly joelafc thanks guys good luck and godspeed mward :takemymoney: rhmral Best of luck with your project! cointrader Thank you guys, great AMA! Good luck :nyangif: dr10 Good luck and thanks mike yes, thanks for taking the time to do the AMA, very much enjoyed having you here and learning about Status. joelafc yeah it was truly a good AMA detailed answers jarradhope long live the ARK! joelafc HAHAHA jarradhope (and Status also) okinawa thanks kiss kiss joelafc :evil: okinawa :heart: dr10 :grin: mward :flyingcash: cointrader party time :boogie: carlb Thanks for having us guys! Any other questions feel free to come ask on our Slack (I'll try check in here too). And also have a look through our blog - https://blog.status.im/, we often do interviews with other projects we're working from within the Ethereum ecosystem, which will provide a clearer picture on where this is all heading. (edited) jarradhope alright was fun to be social for a little bit, back to the salt mines for me :wink: will be hanging around though, cheers and ciao! :slightly_smiling_face: cointrader Actually before you go, could you tell us how you’ll be able to use Status in the future? jakethepanda They will also continue to answer questions in ARK's Reddit. beefrog Wheres the Canna ETH comments? Its all im here for haha jk carlb @cointrader sure, our whitepaper is probably the best resource for that, but I'll provide some examples here too. @cointrader The end goal is to have Status being self-governed entirely by its users, and have its users steer the direction and development of the project. Ultimately we aim to be a portal to interact with Ethereum and DApps, and as the ecosystem matures, this will lead to some really interesting functionality. So for example: - Replacing your wallet entirely. Use Status to pay for everyday transactions without any knowledge of the blockchain being required at all (initially using a debit card that's linked via the upcoming partnership), but in time from the device itself. Admittedly this depends on other projects creating fiat-backed ERC20 tokens, but also projects like Digix. For example some users may use Status as a store their Gold tokens, and use entirely Gold as their payments, or perhaps a portion of their stock portfolio for everyday purchases. dr10 Would someone pls copy the whole ama into a txt file and send to jarunik? carlb Also there'll be many fun, novel use-cases which will appeal to a very wide audience. Example I may be chatting with a friend, and from within a chat we decide to place a bet on the outcome of a sports match (or any event for that natter). It'd be completely automated with AuguGnosis. But the most exciting for me is working towards infrastructure that moves away from a client-server model and towards permissionless and decentralized systems. I'm off guys, past midnight here in Singapore, thanks for your time and questions :slightly_smiling_face:
The end is neigh! Rilly has been accused of "noise" at tactic that effectively censors ourchain.slack.com by shoving everything up the memory hole. Dump of #general from then to now.
leithaus 6:32 PM If she redeems the AMP for a RHOC and even 1 RHOC is burned, then she has 1/(1B -1 ) of the total supply of RHOCs. (edited) 6:32 This is a strictly better position than her position in AMPs. 6:34 Now, we have gone over the arrangement between the Co-op and the Holdings company in detail many times. lexysis 6:34 PM Show us the documents leithaus 6:34 PM There have been infographics, discussions, all posted in videos. lexysis 6:34 PM Show us what the arrangement is in legal terms 6:34 this information should be given to everyone in a structured manner leithaus 6:35 PM It has been over the last 4 months. lexysis 6:36 PM We don't want an infographic. We want actual precise language. For example, it's not enough for you to say "don't worry about X because the company is legally bound to develop on the platform." You should give us the actual legal documents that precisely describe what the situation is. amp100 6:36 PM Keep ignoring Greg. Nobody watches those hangouts anymore thats why we all keep asking here! 007 6:37 PM @leithaus Please, all I'm asking is: what will be the total Rchain if 10 mil amp are swapped. Please no formulas just a number. lexysis 6:38 PM You're doing the equivalent of telling us that we should trust some smart contract code we've never seen, because you've told us in videos and infographics about how it works. Do you not see how this goes against the whole idea of this project? amp100 6:38 PM @ed.eykholt Ok mayeb I misquoted you, though that didn't change anything at all IMO. 'under any circumstances' is the same for me as 'in any case'. So the 105 million won't be changed 'in any case'. (now happy?) And nwo please answer what will hapopen if 10 million coins will be swapped. Pinned by fdt leithaus 6:39 PM As we posted back in February, we will burn the difference between what's in circulation versus what's redeemed. amp100 6:39 PM Where does teh burning come from if the Holding wont be touched! The 1:10 ratio cant be honored in that case. 6:40 As teh Holding company holds 105 million and teh total supply would be 100 million if 10 mill is swapped ed.eykholt 6:40 PM @amp100 No, I said there is no plan to return them; the whole sentence matters. (edited) Pinned by fdt leithaus 6:40 PM What's in circulation is roughly 115M, take away 10M, that's 105M burned. Leaving a total supply of 895M. amp100 6:40 PM Ed : 'in any case'. 6:40 SO thats why I ask this question abotu 10 million amps. Will that 'in any case' change? ed.eykholt 6:41 PM @amp100 Greg is addressing the question about supply. I'm not going to. amp100 6:41 PM Ok 6:41 So now we are getting somewhere Greg. 007 6:42 PM Thanks Greg!!! (edited) amp100 6:42 PM The Holding company keeps 105? +10 = 115 and teh rest gets burned. So then teh next question! How is this all gonna work with teh Rchain COOP having ZERO Rhocs? leithaus 6:43 PM No, you have misunderstood. 007 6:43 PM so only 105 mil Rchain would be burnt if 10 mill are swapped.?? leithaus 6:43 PM The Holding Company has what it has. End of story. 6:43 @007 that's correct. amp100 6:43 PM lol? Pinned by fdt leithaus 6:43 PM i have to double check the number of AMPs in circulation is 115M. amp100 6:43 PM OMG 6:44 This you coudl anwers very very easily a long time ago to all these people who ask here! 6:44 yes you kept ignoring and saying it was in some hangouts. 6:44 I cant believe this. 6:44 Anyway the dillution will be ridiculous to swappers. bad deal. 6:45 Thanks for finally answering , it cost me lots of valuable hours/days/weeks/months. Pinned by fdt leithaus 6:45 PM Assuming that is correct, if only 10M is redeemed, then 105RHOCS get burned. So, the total supply of RHOCs is 1000M - 105M = 895M. 007 6:45 PM I might be mistaken, but I recall a plan to burn MUCH more amps. leithaus 6:46 PM They aren't going to do that. 6:46 But, anyway, if you don't want to participate, don't. 6:46 We don't need this. We're doing it as a service to the people who were defrauded. 6:47 People who feel this doesn't serve their interests should definitely not participate. 007 6:49 PM Currently AMPs in circulation are 10% on total supply. If we maintain the same ratio (10 mill swapped) we should end with 100 mil Rchain??? (edited) leithaus 6:50 PM @amp100 - your calculations are incorrect. No matter how you calculate this, RHOC holders' positions are not diluted at all. They are improved. If you look at the position of liquid, they are in a much, much better position. If you look at the total supply they are in a slightly better position. amp100 6:50 PM no. as 10 million will be in circulation and a 895 million supply 6:51 Bad 6:51 Holdings companies coins are not in circulation yet. 6:51 This is very bad for investors/swappers or however the hell u wanan call it leithaus 6:51 PM Do whatever you think is right! 007 6:51 PM 10 mil rchain circulation and 895 millin supply DOES'T maintain the same synereo ratio amp100 6:52 PM You not maintain your promise Greg. leithaus 6:52 PM If you feel it doesn't serve you, please don't participate. ed.eykholt 6:53 PM @amp100 Holdings company RHOCs are in circulation. amp100 6:54 PM Synereo company hold abotu 850 million coins and 85 in circulation. Total supply is 1.1 x what SYnereo holds. In Rchains case its far from 1.1x. It's 9 x.:joy: (edited) 007 6:54 PM Back in January I understood that the ratio would be the same as Synereo. If only 10 mil Rchain are in circulation how do we get to 900 mil Rchain supply?? amp100 6:55 PM @ed.eykholt Do as Synereo does and you get a 115 million total supply. 6:55 10 million investors and 105 by company. (synereo 85 million investors and 850 million company) 6:56 This is teh worst deal ever, and not even close to all your promises Greg. 6:56 What a joke... 007 6:57 PM Wish I could get slack archive. What was said few months back is completely different. 6:59 This is NOT the same ratio Synereo I was promised! amp100 6:59 PM It's not even close..... leithaus 7:00 PM Again, please don't participate if it doesn't serve your interests. amp100 7:00 PM Synereo holds 1:10 (investors : synereo) If Rchain woudl do that it would be 10:100. 7:00 Greg is a big liar and never keeps his words. What a fking joke. 007 7:01 PM I remember we spokes about it here and understood that total amp swapped to rchain would be approximately 10% of total supply. (10% is the synereo ratio). amp100 7:01 PM Only cares about safing his ass from legal battles and only cares to enrich himself in a way that it looks like that isnt the case. 7:02 @007 we re fucked over once again. 007 7:03 PM @amp100 no need to be nasty.... we are here to get answers help decide if to swap or not. Lets not insult. lexysis 7:06 PM @leithaus and @ed.eykholt - Will you please start putting these questions and answers into an official FAQ? cleiton 7:07 PM joined #general lexysis 7:07 PM you will save everyone so much time and energy if you will just make this basic effort to professionalize your communication amp100 7:07 PM @007 indeed but having be here for at least 300 hours I feel fucked over once again. My words aren't nasty, Greg is nasty.... Fact imo, his words not kept as usual. And these were very IMPORTANT words to keep. (edited) 7:08 Anyway I'm out. 007 7:10 PM I understand the frustration. I have been waiting months for the swap to start. Burn ratio is not what we were promised back in January. 7:12 Well now we know.... will keep my amp's, maybe sell and get into ETH. 7:12 Rchain Good luck! 7:14 In January we were speculating on 30 mil amp being swapped. Now it looks like less than 10 mil. 7:16 So far only the CORE slack members (Greg followers) swapped. Why invest here with these burn ratio, take a risk?? Cosmos already done it. tantrum 7:31 PM how many amps swapped to date greg? (edited) 007 7:38 PM @leithaus I feel deceived now. leithaus 7:39 PM If you include the ones recently pledged, but not yet processed, just under 4M. 7:39 If you include my founder's AMPs, it's about 104M. 7:39 :slightly_smiling_face: ab 7:40 PM So u have 100m or the coop (edited) 007 7:41 PM your founders amps are locked no?? leithaus 7:41 PM Thereabouts. You can check the founders' wallets. 7:41 But mine are going to be redeemed. :slightly_smiling_face: 007 7:41 PM when redeemed? 7:42 before the end of the week? 7:42 the swap is only 10 days. 7:43 you will swap in the future outside the 10 day swap window? 7:46 The swap is only for 10 days. 7:47 when you get your founder amps, you could sell them on polo and buy Rchain on the market. leithaus 7:53 PM No. They will be redeemed. 007 7:58 PM you could redeem you founder amps now??? Before the 10 day swap period? 007 8:04 PM First I don't think that you have a special option to swap amp's at any FUTURE date! it's in 10 days or never! (edited) libertyzeal22 8:16 PM joined #general libertyzeal22 8:17 PM at what point in the redemption process should i receive a confirmation email? tantrum 8:18 PM 104 millino amps ???? :thinking_face:# 007 8:21 PM @leithaus This is a big lie! you don't have 100 mil amps. you have 25 mil. 8:21 https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/ perlis 8:21 PM if I hold them to exchanges, how do I swap them? 007 8:23 PM 100 mil amps for 4 founders!! For a math wiz your numbers are not adding up. tantrum 8:23 PM oh so the general hockey pockey stuff! its "pledged" :joy: leithaus If you include the ones recently pledged, but not yet processed, just under 4M. Posted in #generalYesterday at 7:39 PM (edited) 007 8:25 PM He also said: " If you include my founder's AMPs, it's about 104M " 8:28 Oh-boy... glad we found out all the info now before swapping! Greg is using random numbers in his calculations. tantrum 8:28 PM tantrum 8:28 PM :joy::joy::joy: leithaus 8:29 PM Sorry, i just forgot what was in the founders' wallets. 8:29 That's why i said check. :-) 8:30 But, my AMPs will be redeemed. libertyzeal22 8:30 PM Well, I just redeemed my vast fortune of 20k AMPS, lol.. leithaus 8:30 PM :-) 8:31 Yay! 8:32 i'm just glad we can help out everyone who wants to continue being a part of the platform. libertyzeal22 8:33 PM That's just it, I wanted to invest in a technology platform, not a marketing campaign. ab 8:33 PM Well, if some of u naysayers think holding amps with Dor is less of a risk, then u are simply diluding yourselves.. libertyzeal22 8:35 PM Is there anyway to confirm a successful redemption? 007 8:38 PM @leithaus are you planning to liquidate your amp founder wallet in the future? ab 8:39 PM Well @leithaus , for better or for worse I am casting my lot with Rchain, because ultimately I think it has the potential to be the first truely scalable blockchain platform. rilly 8:40 PM Was Synereo "legally bound" to produce RChain? If so, what are you doing to recover this funding? Are you even getting any of your founders AMPs from them instead? leithaus Instead only 11% of the treasury has been transferred to a company that is legally bound to develop on the platform. Posted in #generalYesterday at 6:30 PM rilly 8:50 PM Ohh well that's rather important but not really because RHOCs expire at the end of 2018. Then you can issue more Revs instead. But no one has claimed Revs will be the sole staking currency on Rchain so you can make more tokens after that. LOL Pinned by fdt leithaus As we posted back in February, we will burn the difference between what's in circulation versus what's redeemed. Posted in #generalYesterday at 6:39 PM 8:51 1.12. Promotional Credits are valid for a limited time only and expire on December 31, 2018. Failure to use Promotional Credits to receive Eligible Services before such expiration date will result in the forfeiture of Promotional Credits. We reserve the right to modify or withdraw this promotional offer or cancel Promotional Credits at any time. No refunds will be granted for any expired or cancelled Promotional Credits. 8:51 source https://redemption.rchain.coop/#!/eligibility-check 8:54 And every hoop you jump through could require more stringent identification. (You might not care but the market certainly will.) amp100 8:55 PM @tantrum when Dor said that, just now? 8:55 So Greg can't acces his AMP's and yet he says he can swap them within the swap period? I smell another lie? (edited) rilly 9:02 PM See there is this problem with defining AMPs. 9:03 Greg can just issue himself RHOCs and say he redeemed his AMPs. 9:04 Don't assume that means that he will have AMP omni assets to sell in order to fund Rchain. 9:06 Or perhaps this is part of some deal he struck with Synereo LTD that he won't help recover the crowdfunds if they give him those amp omni assets. 9:07 That is probably the best you can do but maybe since the bnktothefuture thing is in the US you could make a case there. amp100 9:07 PM @leithaus Please respond to this: how will you redeem your founders AMPs if you don't have access to them as Dor controls it and makes the rules? (edited) rilly 9:15 PM And until he sells those AMP omni assets and they get mixed with the rest there is a risk that Synereo LTD could void them and refuse to use them to issue AMPs on their blockchain (assuming thatn's not RChain, etc) 9:15 AMPs and RHOCs are IOUs for we know not what darkpill 9:41 PM WTF is the developer posting memes and calling them infographics? There is no transparency here. You guys need to get your shit together, or I'll be publicly calling this out as scam. (edited) biophil 9:50 PM joined #general biophil 10:13 PM When I sent my AMPs to the target address given to me by the redemption website, I had this crazy idea that the redemption process would be the following things: 1. Documented somewhere 2. Transparent 3. Automated 4. HonestSo far, it appears to fail miserably on points 1-3, and we're still waiting to see about point 4. I sent a small enough amount that I won't lose my house if it turns out I've been scammed. My message to whomever is in charge of this: You should be embarrassed by your lack of professionalism regarding this swap. (edited) rilly 10:30 PM The less RHOCs you claim the more they own! I guess they say they will burn some but Greg will be issuing himself RHOCs for his founder AMPs (even though Synereo may not giving them to him) so he will have a shitton and thus burning will be more profitable to him personally. 10:32 They make the redemption as unattractive as possible and hardly promote it anywhere so they will have a larger share of RHOCS. (edited) 10:33 It is just so Greg and Synereo can pacify AMP buyers so they won't pursue legal action, or so they can win a defense. dandelion 10:57 PM https://ourchain.slack.com/archives/C2Y8CJ6HW/p1491763150920950 so in regards to that, what does the founders AMPs count as? redeemed or in circulation? Pinned by fdt leithaus As we posted back in February, we will burn the difference between what's in circulation versus what's redeemed. Posted in #generalYesterday at 6:39 PM 10:57 AMP founders wallet only has 60M AMPs now http://omnichest.info/lookupadd.aspx?address=3AKjXkuBEyaXfuXVfdf1VUBAzGPR49NifM 10:58 Well there's the vested founders wallet too with 40M http://omnichest.info/lookupadd.aspx?address=1FWdJYjZzwJJd1JSGTHLABZqp9kCCRPTnk 10:58 Data taken from: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo/edit#gid=1394495455 libertyzeal22 12:07 AM @biophil did you get a notification email of any kind? fweili 12:35 AM Hi, can someone let me know when the batches of redemption will be done? I submitted my first try over 36 hours ago and still haven't seen the RHOCS. ab 12:36 AM i think it was said either tonight or tomorrow night fweili 12:49 AM Thanks! amp100 1:38 AM @leithaus Help these guys out, seriously what are you waiting for?? 1:40 You promised for max 24 hour conversions. Again you didn't kept ur word. 1:41 Another thing, I just found another lie of yours. You said you would swap 25 million founders AMPs. This is incorrect and you know it! You can NOT thouch the founders AMPs as Dor decides when they can be moved. 1:42 So explain to me how you will get your founders AMPs into Rhocs? Will you do a secret deal later on when you finally have access to your AMPs? Please inform us if that is a possibility or if you can not do that. biophil 3:13 AM @libertyzeal22 no notification email. leithaus 5:01 AM The next batch will be run tomorrow. blo 8:13 AM I had my AMP in 2 different addresses. I ended up going through the redemption process twice and used the same email both times. I hope that doesn't cause any problems. tomtreeleaf 10:41 AM Still awaiting Rhoc. Man. This has been one painful experience from start to end. 10:42 I certainly hope we can get this redemption soon so you guys can get back to tech. tantrum 11:55 AM @amp100 dor said that a couple week ago darkpill 12:00 PM Just publish the fucking numbers regarding supply and dev allocation publicly now. 007 12:27 PM We need to be sure that any Founder AMP's will not be swapped in the future. The swap window is for 10 days only! coininterview 2:10 PM https://www.youtube.com/watch?v=fZxnR_Dx3FE Live leithaus 2:26 PM @tomtreeleaf - we will run the next batch a little later today. Don't fret. tomtreeleaf 2:27 PM @leithaus thankyou;) peculiarity 2:38 PM joined #general peculiarity 2:42 PM hey guys cobordism 2:43 PM joined #general otomplodomo 2:45 PM Hey @peculiarity. Does the peculiarity precede or follow the singularity? peculiarity 2:46 PM precede :slightly_smiling_face: cobordism 2:48 PM trying to get amps to rhocs... first time using bitcoin again in ages... has it always been this slow?! sighh... cobordism 2:54 PM I didn't have enough btc in the amp account to pay for gas the transaction... trying to get some more btc into that account has been taking hours(!) jimscarver 2:54 PM bitcoin block time was 25mins when I redeemed... we need rchain! :smile: (edited) cobordism 2:55 PM I'll take ethereum in the interim leithaus 3:14 PM The Holding Company/Co-op agreement is here https://drive.google.com/file/d/0BySpLPycRwtNak96T1N3QzhTWGs/view?usp=sharing leithaus 3:14 PM 20170307 RHOC purchase and deferred payment agreement Executed redacted.pdf 229KB PDF from Google Drive Click to open in Google Drive mungwi 3:43 PM trying to get my private key out of my armory paper wallet... initial bitcoin core client blockchain sync is PITA, does bitcoin land have no fast sync options? libertyzeal22 4:48 PM so for receiving RHOC's is there a token contract address we need to use? 4:48 (in mist / eth wallet) pythagoras 4:51 PM Redemptionprocess with omniwallet is not working. When choosing ‘send’ it is impossible to choose the amp coin, and it’s impossible to choose the ’from adress. Tried it on several devices (macbook, iphone, windos-pc) and several browsers (IE, Safari, Chrome, FireFox), same problem everywhere. Must be an OmniWallet bug !! biophil 6:20 PM @leithaus from what I can make out from that document, the Holdings company is funding the development of Rchain by buying RHOCs at $0.05? So we exchangers are essentially buying RHOCs at $0.08-9, or for whatever our personal AMP cost basis is. Then when the exchange process ends, all RHOCs in existence have either been a. Sold to the Holdings company, b. Exchanged for AMPs, or c. Are still held by you.Is this correct? If so, what are you going to do with the remainder of the tokens in (c)? You have said something about burning them, but that appears to contradict section E.1. of the agreement you posted where it is implied that the Co-op can continue to sell RHOCs as it sees fit. mungwi 6:32 PM hah my cost basis is 0.14 biophil 6:34 PM @mungwi that's a lot better than some peoples'! libertyzeal22 7:21 PM it would be nice if there was someone here who could answer redemption questions, since it's there's only, what 8 days left? patrick727 7:23 PM @libertyzeal22 yes you need an ethereum wallet with keys that you control to recieve rhocs. myetherwallet works well. You will need to add cutom token in order to see it libertyzeal22 7:23 PM @patrick sure, I have the core wallet, but for the custom token I don't know the contract address? 7:24 @patrick727 oops, wrong patrick, see other message :smiley: patrick727 7:25 PM To see RHOC in myetherwallet.com choose add custom token, address 0x168296bb09e24a88805cb9c33356536b980d3fc5, with 8 decimal places amp100 7:44 PM @leithaus Greg keeps ignoring important questions and keeps being a liar. he said he would swap his founders AMPs (25 million) during the swap. But he fully knows that he can not swap them as he doesn't have acces to them as he need Dor to give the OK before founders AMPs can be thouched. So AGAIN Greg, what will happen with your founders AMPs in the future? Will you create a back door so you can swap outside of the swap window? What can we expect? (edited) amp100 7:52 PM All his lies and delays and the damage he did to us investors for wasting so much time will haunt him for a very long time. Greg I advise you to be more clear and keep your words. blo 7:56 PM 25 million AMP! That's a nice amount to hold. coininterview 7:56 PM its actually 100 million libertyzeal22 8:02 PM @patrick727 thanks, that's exactly what I was looking for, unfortunately my balance still shows 0 though.. patrick727 8:03 PM That's unfortunate, I know the next batch process is happening soon. libertyzeal22 8:04 PM @patrick727 thanks, been 26 hours since I submitted it approx patrick727 8:09 PM No problem, these questions of issuance are interesting. keep in mind these tokens are meant to run the RChain platform, it's not equity. Co-op and Holdings intend on running the platform. jessecouch 8:13 PM This is a meta-coin so all the coins start from a single source. I think the coop has 800 million coins. Is that what 800 million wallet is? fredmadrid 8:58 PM joined #general rilly 9:06 PM If you are wondering who @patrick727 was talking to it was me before the comments were deleted. Was the COOP consulted? Does anyone have any say or knowledge in the negotiations between Synereo LTD and Greg Meredith? Does anyone care whether Greg is issuing himself RHOCs for his founder's AMPs without actually recovering or contributing AMP omni assets to the development funds? The only way the community will have any control is by issuing your own tokens. #a-fork-of-rchain (edited) 9:08 And participating in uncensored social networks like https://www.reddit.com/ethereo/ reddit Synereo/RChain evaluations and alternatives • ethereo Synereo/RChain is the latest of the cryptocurrency to be sold before they abandoned their pre-sale commitments. With proof-of-work becoming... libertyzeal22 9:08 PM Dumb question, who is Greg exactly otomplodomo 9:19 PM He is the CEO of rchain. Chief Scientist. (edited) libertyzeal22 9:21 PM @otomplodomo okay, then so yeah, I'm going to trust that guy, there is no RHOC without him. The value of RHOC is literally in his mind and the people who help him. rilly 9:31 PM That value being quite different from the future market value. (edited) rilly 9:36 PM Although being that issuance is entirely centrally managed by someone who has a history of abandoning explicit and implicit promises and expectations, he should be a lot more informed to make a judgement of what the future market value will be as compared with those who buy and hold RHOC. 9:38 What he is promising at this point is that you will help the development of Rchain and get early access to "services" up to a certain date; perhaps the service of producing the Ethereum token. LOL 9:41 They reserve the right to void your tokens for doing such naughty things as attempting to resell them. 9:41 Did you read the contract? libertyzeal22 10:13 PM @rilly my understanding is that RHOC's are basically placeholder tokens which we will later be exchanged for the native rchain tokens (similar to ETH) rilly 10:17 PM I thought that's what most would assume from Synereo/Rchain's marketing materials. But the contract makes no such promise and JohnMalthus tells us that at least two more fundraisers are planned and Vlad Zamfir seems to imply that these two fundraisers will involve the issuance of new tokens, Rev or whatever. (edited) libertyzeal22 10:23 PM @rilly " The promotional coupon token will then be later redeemable for a to-be-created software access protocol token on the to-be-developed RChain network. "... 10:27 @rilly definitely not your typical crowdsale, but I'd rather be holding RHOC's than AMP's rilly 10:28 PM When? What happens if they haven't launched their own blockchain by the end of 2018? It says they are void. libertyzeal22 10:28 PM @rilly where does it say that? 10:29 @rilly oh i see rilly 10:30 PM "AMP vs RHOC" those are your choices? Can't you sell AMP anonymously? You can't even buy RHOC for the AMP price without agreeing to these conditions that say you can owe them RHOC for even trying to resell them! LOL (edited) 10:31 It ends today. "After the closing of the Promotional Credits Offer on April 10, 2017, all requests for Promotional Credits in return for AMPs will be refused." (edited) libertyzeal22 10:32 PM @rilly sure, but the only reason I own AMP's at all was to invest in Rchain rilly 10:33 PM 1.12. Promotional Credits are valid for a limited time only and expire on December 31, 2018. Failure to use Promotional Credits to receive Eligible Services before such expiration date will result in the forfeiture of Promotional Credits. We reserve the right to modify or withdraw this promotional offer or cancel Promotional Credits at any time. No refunds will be granted for any expired or cancelled Promotional Credits. 10:36 Greg has not been reciprocating to "investors" in the past. You can look at his kickstarter campaign for a book. A decade later they are selling the book without giving it to the crowdfunders. 10:38 The campain included no refund or time limit, just like this one. leithaus 10:41 PM The next batch of redemption requests have been processed. leithaus 10:41 PM "ampTrgtAddr" : "19dQWWNFqBCBNvbdPAumjeHcmbBYqyQTTB" -> "rhocTrgtAddr" : "0xE9be94b552eB81228482321710e1d8A485eC360F" 23431.0535321 "ampTrgtAddr" : "1F1w2SgiRVzyvT8ZqiS4r6sg5XtorCrPxb" -> "rhocTrgtAddr" : "0x1dffdb0eebb0e80eb22af3adbeb0070a40d384ee" 1725.12313909 "ampTrgtAddr" : "1GLhh92yegXh6qc1a3arqmD1AEDUFHds6x" -> "rhocTrgtAddr" : "0x1917aE21F1269F84fa93E9200106DCf9a4e3C513" 2412.089788 "ampTrgtAddr" : "1J6gVdzZzYUTFeD4HnXfK9PemF2soBzb3x" -> "rhocTrgtAddr" : "0xAF42df07969BA5Da676be3ED94439Ab85008aabf" 4200.00 "ampTrgtAddr" : "1BRg9TxctqzG9bUu4cVSKHyxztcTp57daL" -> "rhocTrgtAddr" : "0xB259AA92C97fbaA9001BA213680034f1D5C4C777" 13242.42527602 leithaus 10:42 PM These can be checked against both blockchains. libertyzeal22 10:42 PM @leithaus cool, checking now! dc 10:42 PM Awesome. FYI I’ve submitted a request to etherscan to have the RHOC token contract recognised in their list of verified tokens rilly 10:42 PM We can make our own tokens for those who want to invest in Rchain. The problem with the way these Rchain devs think is that they will "get Rchain built faster" by tricking "investors" over and over. It isn't working. Ethereum and Cosmos are getting way more funding by making offers that are attractive to rational investors and sticking to their commitments. libertyzeal22 10:43 PM @leithaus w00t, it worked, awesome leithaus 10:44 PM If your ampTrgtAddr is not included, this is either because you did not send AMPs to the AMP target address supplied to you, or in 1 outlier case, you provided a bad ETH address. 10:44 @dc - many thanks! libertyzeal22 10:45 PM @rilly I don't think you understand how this ICO stuff works, the devs could literally wake up tomorrow and decide not to do this, or the theoretical basis of the software might just outright fail, you are looking for guarantees and there are none in this game. rilly 11:00 PM @libertyzeal22 I've done quite well predicting the future market of ETH and ATOM. Although Rchain is likely to be dominant, ethchain or credichain could be far more profitable to those who invest in ETH or CRED. libertyzeal22 11:06 PM @rilly the point i'm trying to make is that worrying about the finer points of the contract is a waste of energy, if you don't believe the team is authentic and has a chance of delivering on this project, then there is simply no reason to invest or hang around here. rilly 11:06 PM Because Greg and Co can and will dilute Rev to the point that so many people have acquired it without much effort that by the time of the announcement that a million billion Rev will be issued for the next fundraiser, the same thing will happen that has happened with AMP. Some may rather join ethchain. At least with credichain RHOC/Rev/etc would be redeemable but the rates may not be great, at that time. 11:07 Didn't Greg deliver a book? When did I say he wouldn't deliver? After a decade he wrote a book. Didn't someone say Rchain would take a decade? 11:08 I'm here because I think they are already delivering information goods. 11:08 That doesn't mean RHOC will be a better investment than ETH or CRED libertyzeal22 11:09 PM @rilly you're constanting attacking the dudes character saying he's effectively going to do a cramdown and screw everyone, so obviously you don't trust him, so i again i ask, why are you here? 11:10 @rilly actually n/m it doesn't matter. I don't care.. rilly 11:10 PM Here is what Greg just sent me "Hello! i have had complaints about your signal to noise ratio on slack. Additionally due to limits on history you are erasing important posts. i must ask you to confine yourself to more on topic commentary and become a bit more considerate of the public resource." 11:11 So what is on-topic in #general? 11:12 I'm censoring the community because Slack sucks everything up the memory hole. LOL rilly 11:20 PM @libertyzeal22 I can speak when spoken to or no? I'm here because I think Rholang and the RhoVM could be the most advanced contract language to date.
So, today we’ll talk about Ethereum wallets. The official Ethereum Wallet is usually known as the “Ethereum Mist Wallet”. It is a feature built into the Ethereum platform. The Ether wallet is designed and integrated into the Mist web browser. Mist is used to link to the main Ethereum network and communicate with other Ethereum apps. It is ... You can buy Ethereum, Bitcoin, and Litecoin with fiat currency, and keep your cryptocurrencies secure. Since the private keys are stored on Coinbase’s hosted servers, you ultimately don’t have total control over your keys. Fortunately, Coinbase is an extremely credible San Francisco-based company with a valuation of over 1 billion and a reputation as being very safe and trustworthy ... The Bitcoin Boom brought Ethereum to the limelight. Today, it is one of the most popular and extensively used Blockchain platforms. By implementing Smart Contracts, Etheruem opened up numerous possibilities for Blockchain tech. . Ethereum is an open-source, decentralized global platform that allows you to write code for handling monetary transactions and building Blockchain applications that ... Just finished listening to Episode 112 of Let's Talk Bitcoin. Ethereum Community Forum. Discussions; Activity; Best Of... Sign In · Register. Home › Watercooler. Howdy, Stranger! It looks like you're new here. If you want to get involved, click one of these buttons! Sign In Register. Quick Links . Categories; Recent Discussions; Activity; Unanswered ; Best Of... Categories. 17.3K All ... Let’s experience the blockchain using Ethereum. June 24, 2016. 0. 4634. 0. Ethereum. seandotau. Everybody uses the Internet to exchange information but with the blockchain we can exchange and transact value and make contracts about how this is done. Ethereum is a public blockchain that provides a decentralized virtual machine that can execute peer-to-peer contracts using a cryptocurrency ...
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