Category Archives: decentralization

DESCROW Sebuah Revolusi Escrow Yang Terdecentralisasi

Halo bertemu lagi dengan saya Bangkecol. Kali ini saya akan mereview mengenai sistem rekber atau escrow yang menggunakan teknologi baru yang sangat simple namun sangat membantu, Descrow namanya.

Descrow adalah sebuah sistem escrow(rekber) pihak ketiga untuk membantu transaksi anda secara aman dan terkendali. Sistem escrow muncul untuk menghindari penyalahgunaan hak dan juga mengamankan resiko dari penipuan. Hal ini sangat dibutuhkan untuk zaman sekarang, dengan sistem yang lebih bagus terlahirnya sistem yang dinamakan DESCROW dengan sistem teknologi terbaru yaitu teknologi blockhain.

Misi dari Descrow sendiri iyalah untuk melindungi pemegang saham yang ikut tergabung dalam sebuah ICO agar lebih aman,ini dimaksudkan untuk menghilangkan rasa ketidak percayaan bagi peserta yang ingin mengikuti sebuah ICO.

Bagaimana Sistem Descrow Bekerja ?

Aspek utama dari descrow iyalah untuk mengumpulkan dan menyimpan sejumlah dana yang akan digunakan untuk pendstribusian token dengan aman dan hal ini juga untuk menghindari kerugian yang tak terduga.

Platform akan terbagi menjadi tahap demi tahap dan dana yang sudah terkumpul akan dibekukan sementara waktu sampai batas waktu yang sudah ditentukan.

Investor berhak membeli token dari sebuah proyek ICO yang sudah terdaftar dengan Descrow dan investor akan mendapatkan token dari Descrow sejumlah yang dia beli, tanpa melalui developper sebuah proyek tersebut.

Semua dana yang belum diinvestasikan akan dibekukan dari pembatalan startup. Dana cadangan dalam platform Descrow digunakan untuk kompensasi parsial dana investor yang disumbangkan selama ICO berjalan.

Perjalanan Dan Perencanaan Proyek Descrow Di Masa Mendatang

Seperti yang sudah terlihat bahwa sistem ini dimulai pada bulan Mei tahun 2017 ini. sebagai model baru dan lebih mengutamakan tentang pengamanan sistem ICO di masa mendatang Descrow akan menjadi salah satu proyek yang akan menjadi proyek bagus di masa mendatang. Hal ini dikarenakan belum ada yang mempunyai konsep escrow menggunakan sistem blockhain yang terdesentralisasi.

Info Token Descrow

Saat ini Descrow sudah memulai menjual tokennya melalui ICO tepatnya mulai 29 November 2017 kemarin dan berakhir pada tanggal 27 Desember 2017 akhir tahun ini.

Symbol Dari Token Descrow adalah DES

token sistem yang digunakan menggunakan ERC2 standart,sistem yang sangat kompatible untuk banyak sistem lain jadi bukan hanya digunakan untuk satu jalan saja.

target dari ICO sebesar 66.666 ETH

Harga yang dipatok Descrow per token sebesar 0.001 ETH atau setara $0.30 per DES

Setiap minggu harga Ico akan naik sebesar 25% dan flatnya berada dikisara 0.00175 ETH per DES atau setara $0.525 untuk mendapatkan token tersebut.

Info lebih lanjut mengenai Descrow bisa dilihat disini

ANN

WEBSITE

WHITEPAPER

FACEBOOK

TWITTER

Artikel ini dibuat oleh : Bangkecol

Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=924628

Contact Me :

email : arifnewbie39@gmail.com

Twitter : @agathafx

telegram : @bangkecol

A beginner’s guide to Zcash

What is Zcash?

According to the Zcash website,

“Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.”

Bitcoin is an open and permissionless cryptocurrency but there is a common misconception that bitcoin transactions are anonymous. A history of every bitcoin transaction is displayed on a public ledger called the blockchain. Sophisticated software can be used to determine who is responsible for a significant number of these transactions. In response to this lack of privacy, there have been a number of cryptocurrencies that have focused on adding privacy functionality. This post should help those who are new to Zcash to understand how it is different than other cryptocurrencies like bitcoin.

Similarities and differences from Bitcoin

Zcash (ZEC) uses a new technology involving zero-knowledge proofs which allow one to prove something (e.g. prover owns greater than 10 ZEC) without requiring the prover to reveal any sensitive information (e.g. the total number of ZEC owned by prover). It gets its name from the fact that zero knowledge is revealed to the verifier in the process. The anonymous transactions produced from this technology are referred to as shielded transactions in Zcash.

This is in sharp contrast to Bitcoin where if your bitcoin address is ever shared publicly, anyone can view your balance and all other bitcoin addresses you have ever transacted with. Even if you don’t share your address publicly, companies such as Chainalysis and Elliptic have built software that can de-anonymize your address if you have transacted with other addresses that are not anonymous. Imagine if everyone you knew, and even strangers, could know how much money you had in your bank account, and how you spent your money. Despite perfectly legitimate transactions, you likely do not want the entire world to know this information.

Bitcoin analysis provided by Elliptic. The image shows a web of transactions between tagged bitcoin addresses. Figuring out who made a specific bitcoin transaction is like finding a missing puzzle piece, it becomes easier as more of the puzzle has been put together.

Zcash and Bitcoin both have a total supply of 21 million units and are released through a process called mining. One unique aspect of Zcash is that the corporate development team (the Zcash Company, CEO Zooko Wilcox) and the non-profit Zcash Foundation (Chair of the Board, Andrew Miller), are funded directly from the blockchain. To achieve this, 20% of the mining reward for Zcash for the first 4 years goes to the stakeholders of the Zcash company (founders, employees, advisors, investors) resulting in 10% of the overall total supply. This “Founders’ Reward” provides funding and incentive-alignment for the continued support and improvement of Zcash.

Technology

Zcash uses a specific cutting edge form of zero knowledge verification called zk-SNARKs (zero knowledge succinct non-interactive arguments of knowledge). This technology was pioneered by a number of researchers including professors Eli Ben-Sasson and Alessandro Chiesa.

Zcash allows for public and private transactions with the option for the user to selectively disclose information about their private transactions. Optional transparency can be beneficial for situations where an entity needs to be audited or submit information for tax purposes.

A user can share a “view key” with others to allow transaction details to be selectively viewed by certain individuals. This “view key” is separate from the “spend key” used to spend funds. This separation into two different keys ensures that one may allow a third party to view transaction details without allowing the viewer to spend all of their funds. Drawing an analogy to the existing financial system: the bank login information needed to access your funds is similar to a spend key while accessing a copy of your bank account statement is similar to a view key.

Zcash also provides encrypted memo fields, which allows a secret message to be sent from the sender to receiver. This can be compared to writing a note on a check but instead of anyone handling the check being able to see it, only the holder of the view key is able to. This can be used for a variety of purposes such as including a payment code or sending a message to the recipient.

Future Work

Zcash’s technology isn’t without limitations. Future work aims to address the main two limitations of zk-SNARKS — setup and computation.

The tradeoff to zk-SNARKs is that it requires the generation of public parameters where a group of individuals must perform a multi-party computation ceremony as part of the initial creation of Zcash. To maintain an accurate total of the Zcash monetary base you need to trust that at least one member in the group has successfully completed their part without being compromised. Note that this parameter does not affect Zcash privacy guarantees. Given this tradeoff, there is already research happening with a newer technology called zk-STARKs that enables privacy but doesn’t require a trusted setup.

Generating shielded transactions in Zcash requires a relatively significant amount of computer memory and time which makes it inconvenient for regular use. As a result currently not all transactions are shielded in Zcash which affects fungibility. This means that some coins may be more valuable than others because they don’t have a tainted history associated with it. However, the team has focused on performance improvements in a future update which will significantly reduce the amount of time and memory required. Even mobile phones will be capable of generating proofs. This means that a greater percentage of Zcash transactions will be shielded, increasing overall privacy. The development team has even alluded to a future plan for deprecating transparent addresses altogether.

Zcash’s upcoming Sapling update will reduce the time and memory requirements for generating each zero-knowledge proof.

Resources

Zcash, founded in Oct 2016, is a relatively new cryptocurrency with powerful technology and a strong focus on development. Below are some links that may help you understand Zcash further and keep up with the development.

Understanding Zcash

Keeping up with Zcash

Thank you to Will Warren, Jordan Clifford, and Linda Lee for reviewing this post.

A beginner’s guide to Zcash

What is Zcash?

According to the Zcash website,

“Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.”

Bitcoin is an open and permissionless cryptocurrency but there is a common misconception that bitcoin transactions are anonymous. A history of every bitcoin transaction is displayed on a public ledger called the blockchain. Sophisticated software can be used to determine who is responsible for a significant number of these transactions. In response to this lack of privacy, there have been a number of cryptocurrencies that have focused on adding privacy functionality. This post should help those who are new to Zcash to understand how it is different than other cryptocurrencies like bitcoin.

Similarities and differences from Bitcoin

Zcash (ZEC) uses a new technology involving zero-knowledge proofs which allow one to prove something (e.g. prover owns greater than 10 ZEC) without requiring the prover to reveal any sensitive information (e.g. the total number of ZEC owned by prover). It gets its name from the fact that zero knowledge is revealed to the verifier in the process. The anonymous transactions produced from this technology are referred to as shielded transactions in Zcash.

This is in sharp contrast to Bitcoin where if your bitcoin address is ever shared publicly, anyone can view your balance and all other bitcoin addresses you have ever transacted with. Even if you don’t share your address publicly, companies such as Chainalysis and Elliptic have built software that can de-anonymize your address if you have transacted with other addresses that are not anonymous. Imagine if everyone you knew, and even strangers, could know how much money you had in your bank account, and how you spent your money. Despite perfectly legitimate transactions, you likely do not want the entire world to know this information.

Bitcoin analysis provided by Elliptic. The image shows a web of transactions between tagged bitcoin addresses. Figuring out who made a specific bitcoin transaction is like finding a missing puzzle piece, it becomes easier as more of the puzzle has been put together.

Zcash and Bitcoin both have a total supply of 21 million units and are released through a process called mining. One unique aspect of Zcash is that the corporate development team (the Zcash Company, CEO Zooko Wilcox) and the non-profit Zcash Foundation (Chair of the Board, Andrew Miller), are funded directly from the blockchain. To achieve this, 20% of the mining reward for Zcash for the first 4 years goes to the stakeholders of the Zcash company (founders, employees, advisors, investors) resulting in 10% of the overall total supply. This “Founders’ Reward” provides funding and incentive-alignment for the continued support and improvement of Zcash.

Technology

Zcash uses a specific cutting edge form of zero knowledge verification called zk-SNARKs (zero knowledge succinct non-interactive arguments of knowledge). This technology was pioneered by a number of researchers including professors Eli Ben-Sasson and Alessandro Chiesa.

Zcash allows for public and private transactions with the option for the user to selectively disclose information about their private transactions. Optional transparency can be beneficial for situations where an entity needs to be audited or submit information for tax purposes.

A user can share a “view key” with others to allow transaction details to be selectively viewed by certain individuals. This “view key” is separate from the “spend key” used to spend funds. This separation into two different keys ensures that one may allow a third party to view transaction details without allowing the viewer to spend all of their funds. Drawing an analogy to the existing financial system: the bank login information needed to access your funds is similar to a spend key while accessing a copy of your bank account statement is similar to a view key.

Zcash also provides encrypted memo fields, which allows a secret message to be sent from the sender to receiver. This can be compared to writing a note on a check but instead of anyone handling the check being able to see it, only the holder of the view key is able to. This can be used for a variety of purposes such as including a payment code or sending a message to the recipient.

Future Work

Zcash’s technology isn’t without limitations. Future work aims to address the main two limitations of zk-SNARKS — setup and computation.

The tradeoff to zk-SNARKs is that it requires the generation of public parameters where a group of individuals must perform a multi-party computation ceremony as part of the initial creation of Zcash. To maintain an accurate total of the Zcash monetary base you need to trust that at least one member in the group has successfully completed their part without being compromised. Note that this parameter does not affect Zcash privacy guarantees. Given this tradeoff, there is already research happening with a newer technology called zk-STARKs that enables privacy but doesn’t require a trusted setup.

Generating shielded transactions in Zcash requires a relatively significant amount of computer memory and time which makes it inconvenient for regular use. As a result currently not all transactions are shielded in Zcash which affects fungibility. This means that some coins may be more valuable than others because they don’t have a tainted history associated with it. However, the team has focused on performance improvements in a future update which will significantly reduce the amount of time and memory required. Even mobile phones will be capable of generating proofs. This means that a greater percentage of Zcash transactions will be shielded, increasing overall privacy. The development team has even alluded to a future plan for deprecating transparent addresses altogether.

Zcash’s upcoming Sapling update will reduce the time and memory requirements for generating each zero-knowledge proof.

Resources

Zcash, founded in Oct 2016, is a relatively new cryptocurrency with powerful technology and a strong focus on development. Below are some links that may help you understand Zcash further and keep up with the development.

Understanding Zcash

Keeping up with Zcash

Thank you to Will Warren, Jordan Clifford, and Linda Lee for reviewing this post.

MADnet Data: A Decentralized DMP

Solving Ad Tech’s Data Leakage Problem

The ad tech industry is broken in many ways. The most obvious is the “disappearing ad tech dollar” phenomenon, which results from the many intermediaries who separate advertisers from publishers.

Yet there is another deep flaw in ad tech: Data leakage. Data within the ad tech supply chain “leaks” in ways that benefit middlemen and harm advertisers and publishers.

This is the problem that MADnet Data, a decentralized data management platform within the MAD Network, is designed to solve.

Data and the Ad Tech Supply Chain

Data is central to ad tech. Advertisers use data to plan ad campaigns and determine which types of users to market to. Ad tech platforms rely on data to match ads with websites and other outlets. Publishers collect data that can help assess the effectiveness of ads and prove to advertisers that their adspend has paid off.

Yet the problem with data within the ad tech supply chain is that it is not always used to serve the interests of advertisers and publishers. These are the groups that most need data in order to operate efficiently and fairly, but their access to reliable data is curtailed by ad tech middlemen, who exploit data leakage in ways that harm advertisers and publishers.

There are many sources of data leakage, and the technical mechanisms that enable ad tech intermediaries to benefit from leaked data are not always clear, because most existing ad tech platforms are proprietary and, therefore, impossible for outsiders to monitor.

However, in all cases of data leakage, advertisers and publishers suffer because the value in the data that they acquire when leaked is sold to competitors, consequently diluting its value.

Data Leakage Example: Advertising Glasses

As an example, consider what would happen if a web user visits a LensCrafters website. An ad tech platform knows about the visit because it tracks the online activity of the user. The platform uses the visit to deduce that the user is interested in purchasing new glasses.

Given this information, the ad tech platform might go on to display ads for Warby Parker glasses to the user the next time he logs into Facebook.

In effect, data that originated from the LensCrafters website was leaked to an ad tech platform, which used the data to serve ads for a LensCrafters competitor.

The only real beneficiary in this scenario is the ad tech company that serves ads. It is able to use leaked data to serve more ads. Warby Parker also benefits in the short term from the advertisements, but because the same type of data leakage could be used against it, there is no durable benefit for either eyeglass company.

Breaking the Data Leakage Cycle with MADnet Data

MADnet Data is designed with this sort of scenario in mind.

MADnet Data is a decentralized data management platform that is being built as part of the MAD Network. MADnet Data’s core functionality will consist of capturing data from the MAD Network and allowing peers on the network to exchange it.

What makes MADnet Data different from traditional ad tech data collection practices is that, on MADnet Data, data is exchanged in a secure and transparent way.

Because all of the data on the MAD Network is recorded on the blockchain in read-only fashion, it is virtually impossible for members of the network to hide the existence of data or manipulate it.

In addition, by encrypting the data, MADnet Data ensures that if information is leaked from a data source, it cannot be used by a third party without that party’s consent, because the data would not be viewable without the right encryption keys.

Thus, in the example above, if LensCrafters adopted MAD Network as its ad tech solution, data about its web traffic could not be used to deliver ads for a competitor’s products, unless LensCrafters had agreed to allow its data to be used in such a way.

In short, MADnet Data prevents data leakage by enabling advertisers to retain ownership of their data and maintain visibility into how their data is used within advertising campaigns.

MADnet Data and Publishers

MADnet Data also provides a distinct advantage to content publishers. It allows them to generate additional revenue by collecting data about ad’s performance — such as the number of times a digital ad was viewed or where viewers were located — and sell that data to advertisers in a direct, transparent and secure way.

Traditionally, this has not been possible. In most cases today, ad tech middlemen collect data about ad performance, then sell it to advertisers. The advertisers obtain the data at a high markup, and the data may be modified before it reaches them.

With MADnet Data, however, a website owner can sell relevant data directly to advertisers. The website owner will earn more money from the data because no revenue is lost to middlemen, and the advertiser benefits from less expensive, more reliable data.

Making data leakage within the ad tech industry a thing of the past is a core part of MAD Network’s mission. When development of MADnet Data is complete, advertisers and publishers will enjoy the ability to share data across a decentralized network in a way that restores full value of the data to them, while eliminating the need for middlemen to manage the data.

We’re Giving Away Free MADtoken!

We recently announced the MAD Network Free Sale, a new bounty program designed to increase our community engagement. Community members can reserve $50 worth of MADtoken by registering on CoinCart.

Join us on Telegram, Twitter, subscribe to our newsletter and read our white paper!


MADnet Data: A Decentralized DMP was originally published in MAD Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Today’s global problems in HR (and how Blockchain can solve them)

Today HR specialists have to deal with the uncertainty in resumes, the reliability of recommendation letters and overall problem with the trustworthiness of candidates. Most of the time people can’t get the position in the company because of their poor pitching skills even if they are great at the job. This situation has to change, and blockchain has a potential to create the new ecosystem where achievements can speak for themselves.

The definition of «a good candidate» is not well-defined. How qualified he/she is? What was the assessment scale? How well did he/she perform to fulfill the plan? What was the overall performance? What is his/her talent? To date, there are two core difficulties in recruitment and job hunting processes:

  1. There is no confidence in candidates who come to a company for a job interview. Their level of professionalism can be confirmed only by the recommendations from previous employers. And they may not be considered as reliable as they should be.
  2. Recommendations are too general or very subjective. They do not convey the real professional competencies of a candidate. They are often written just to observe formalities and do not provide with objective information.

People are fundamentally important for developing any business. It is a good and healthy team that helps a company to grow and succeed in business. In any business area, the people make all the difference and create the basis for company growth and development.

Blockchain technology has possibilities to solve all of these problems. Decentralized power of Blockchain makes it possible to create a reliable and transparent reputation system.

What is blockchain technology?

The blockchain is a unique technology for storing data in which there isn’t one aggregate server. The information is stored on the devices of thousands or hundreds of thousands of people (this depends on the particular blockchain). Blockchain has two core advantages: publicity and reliability. Records can’t be forged since they are stored by all participants in the system.

Financial operations are one of the most common direction for the blockchain technology these days. It is confirmed by hundreds of startups who develop their products in the niche of the fintech. Nevertheless, it’s important not to forget that blockchain can change people’s lives not only with the help of cryptocurrency.

Personnel selection is the next direction that can be improved by the blockchain technology. It is possible that the next breakthrough in the hrtech market will occur precisely through decentralization. Relations between companies and people is the place that now lacks transparency.

How blockchain will help people and companies

Personnel selection is the area where the blockchain will give a new leap in the development of relations between businesses and people. A unified system of verification of and performance indicators will open new opportunities for recruitment. It will help:

  1. Employees with a perfect reputation to find work faster.
  2. Companies to save time and money by hiring employees.
  3. Quickly assess the competence and professionalism of people.

In this case, such system has to meet the following conditions:

  • Data transparency. Anytime any participant can have access to the initial data to make sure that they are right.
  • Data reliability. Not any company or person can change the data to their advantage.
  • Automation of processes. The system should work on mathematical algorithms without intermediaries to exclude or reduce to a minimum the human factor.
  • Independence. Do not belong to any company to maintain objectivity.

All these conditions are met by the technology of the blockchain, which is the base for Aworker platform. The goal is to create a global system for assessing professional skills and integrating this information to build the good reputation for employees from all over the world.

Blockchain allows people to be more open about themselves. In this case, employees will be able to receive additional compensation for the use of their data. All this is possible because of the Ethereum smart contracts. With the help of blockchain technology, the labor market will become more transparent and understandable for all parties.

Originally published at Tech Talks

Today’s global problems in HR (and how Blockchain can solve them)

Today HR specialists have to deal with the uncertainty in resumes, the reliability of recommendation letters and overall problem with the trustworthiness of candidates. Most of the time people can’t get the position in the company because of their poor pitching skills even if they are great at the job. This situation has to change, and blockchain has a potential to create the new ecosystem where achievements can speak for themselves.

The definition of «a good candidate» is not well-defined. How qualified he/she is? What was the assessment scale? How well did he/she perform to fulfill the plan? What was the overall performance? What is his/her talent? To date, there are two core difficulties in recruitment and job hunting processes:

  1. There is no confidence in candidates who come to a company for a job interview. Their level of professionalism can be confirmed only by the recommendations from previous employers. And they may not be considered as reliable as they should be.
  2. Recommendations are too general or very subjective. They do not convey the real professional competencies of a candidate. They are often written just to observe formalities and do not provide with objective information.

People are fundamentally important for developing any business. It is a good and healthy team that helps a company to grow and succeed in business. In any business area, the people make all the difference and create the basis for company growth and development.

Blockchain technology has possibilities to solve all of these problems. Decentralized power of Blockchain makes it possible to create a reliable and transparent reputation system.

What is blockchain technology?

The blockchain is a unique technology for storing data in which there isn’t one aggregate server. The information is stored on the devices of thousands or hundreds of thousands of people (this depends on the particular blockchain). Blockchain has two core advantages: publicity and reliability. Records can’t be forged since they are stored by all participants in the system.

Financial operations are one of the most common direction for the blockchain technology these days. It is confirmed by hundreds of startups who develop their products in the niche of the fintech. Nevertheless, it’s important not to forget that blockchain can change people’s lives not only with the help of cryptocurrency.

Personnel selection is the next direction that can be improved by the blockchain technology. It is possible that the next breakthrough in the hrtech market will occur precisely through decentralization. Relations between companies and people is the place that now lacks transparency.

How blockchain will help people and companies

Personnel selection is the area where the blockchain will give a new leap in the development of relations between businesses and people. A unified system of verification of and performance indicators will open new opportunities for recruitment. It will help:

  1. Employees with a perfect reputation to find work faster.
  2. Companies to save time and money by hiring employees.
  3. Quickly assess the competence and professionalism of people.

In this case, such system has to meet the following conditions:

  • Data transparency. Anytime any participant can have access to the initial data to make sure that they are right.
  • Data reliability. Not any company or person can change the data to their advantage.
  • Automation of processes. The system should work on mathematical algorithms without intermediaries to exclude or reduce to a minimum the human factor.
  • Independence. Do not belong to any company to maintain objectivity.

All these conditions are met by the technology of the blockchain, which is the base for Aworker platform. The goal is to create a global system for assessing professional skills and integrating this information to build the good reputation for employees from all over the world.

Blockchain allows people to be more open about themselves. In this case, employees will be able to receive additional compensation for the use of their data. All this is possible because of the Ethereum smart contracts. With the help of blockchain technology, the labor market will become more transparent and understandable for all parties.

Originally published at Tech Talks

Business problems in travel industry

What does an average people spend the most money on other than housing mortgage or health care?
The answer is: On travelling.

Travelling has become the world biggest expenditure last year which tourism covered more than 60%. Consumers are more concerned about making decision related to travelling than deciding on taking a loan, buying a new fridge or fixing their car. We understand that everyone wants a getaway to unwind but worries about stress associated with long and tedious planning.

Unbiased statistic shows that 35% of the tourists spend 3–5 months deciding on their destination before the trip, another 19% spend half a year or even more. We can imagine how much work it takes for the marketers to satisfy all kind of needs of their customers during the long process of purchases. Moreover, spoiled with the speed of Internet, customers demand for quick decision making. Everyone wish to plan their journey as fast as booking a cab.

And how long will you spend on planning your own trip?

YouTube | Twitter | Facebook | Instagram | Steemit | Telegram | Questions

Why we want to reinvent the social network on the Blockchain

Exploring the backstory of Sapien and reflecting on our founding principles with the help of a few memes

Source: Kelly Sikkema

Motivations

Nobody just wakes up one morning and decides:

Hmm…today is a fine day to challenge the status quo.

Most of us already have enough on our plates to just get through the day — be it work, school, or taking care of others.

Disrupting any system takes a deep understanding of the current state of affairs, some accumulated technical knowledge, and a bit of intrinsic motivation. A genuine purpose also helps convince others to come along for the ride — after all, the only real difference between a leader and a crazy person is the # of followers.

One of the most important lessons I learned during college was to never be satisfied. Always question things. Spend each and every introspective opportunity you get to ask how you can make the world a better place and what to do to maximize your probability of success.

As freshmen, my friend, Rob, and I would discuss and debate continuously for hours, with topics ranging from Human Rights, Intelligence, Free Speech, to what defines a “sandwich.” If you cut one in half, do you have two sandwiches? Are there infinite sandwiches? Could you model it with a decay function whose integral converges since p > 1?

We were nerds.

Over the years, these conversations would lay the foundation for the decentralized social platform, Sapien.

Reflecting on our democratic ideology

Facebook today has a market cap of $519,000,000,000. That’s billions. For context, that is more than the GDP of 87% of the countries in the world.

With that much fiscal power and societal influence, it begs the question of how much of a voice social media users have in this monolithic incumbent.

Watch out, the answer may surprise you: zero.

Facebook has a serious problem aligning values between its users and shareholders, with a fiduciary obligation to always please the latter. These operations have had averse affects on users as seen with the controversial Free Basics program or the influence on the 2016 campaign through ads paid by Russian operatives.

Expect minimal accountability from these corporations.

These are not democratic ideals.

In the Declaration of Independence, Thomas Jefferson famously wrote:

“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”

Countries and their governments are marked by their somewhat arbitrary geographical lines, yet we can also view Internet users as citizens of larger online communities, each with their own set of laws. From this perspective, Facebook would be the largest country in the world.

World Economic Forum

What is most alarming is that this virtual country is missing any sort of representation by its users. Ironically, the valuable time and “goods” users produce is exactly what drives the “GDP” of this online economy.

Try to imagine a nation where citizens spend nearly an hour each day creating value and receiving nothing in return.

Content creators are exploited by existing centralized platforms. A true online democracy should distribute wealth created to its citizens, instead of hoarding all of the profits.

We have a responsibility to continually scrutinize large entities with the power to influence the masses.

Particularly those that use social engineering on human psychology to maximize the attention users have committed to their product or service.

Users must have real, transparent power over the direction of the platform and organizational decisions.

Later we will discuss how the invention of the Blockchain offers a unique opportunity to better adhere to these core, democratic principles.

Let’s talk privacy…before it’s too late

A mere 45 days after New York’s twin towers crumbled to the ground, the Patriot Act was signed with virtually no discussion. The infamous act authorized the government to suspend all constitutional rights with the extremely elastic and ever-expanding idea of “domestic terrorism.”

Just like most decisions made by President Bush, the reckless nature of the Patriot Act trampled a fundamental right. A right that protects individualism. A right that aught to be protected by the government:

Privacy.

Privacy in the context of a social network, however, plays a more tangible impact on our lives but has been consistently brushed aside. With the emergence of social media, users began voluntarily providing pieces of their lives, hoping their privacy would be protected. We were comfortable sharing our personal data as long as all our friends were doing the same.

Let’s stop fooling ourselves.

Even a cow on a farm gets free food, shelter, & healthcare.

Social Media users get milked dry for their personal data. As Data Farmers, Facebook and Google are experts at gathering browsing history, preferences, and app behavior. Using this scraped data, companies like Facebook are able to monitor and target users on behalf of advertising agencies.

Sure, go enjoy the amenities of the farm. Just remember if something is free then you’re the product. Needless to say, stop being a cow.

Am I allowed to say this?

Free speech is undoubtedly one of the most fundamental rights we have as humans. It grants us the ability to express our opinions, critique one another, and have meaningful discourse.

Speech enables us reflect on the quality of our thoughts and actions. And when we are exposed to contrary evidence, we are given an opportunity to reassess our morals and even amend our understanding of reality.

No other right has more power to alter the moral clarity of an individual or the collective wellbeing of a species.

And it is evident that our generation is struggling with Free Speech.

In the United States, we are perhaps experiencing one of the most divisive times in our history. The left accuses the right of outright fascist motives, while the right points out the deceptive identity politics of the left.

On college campuses from Middlebury to NYU, divisive speech had incited violent riots, personal injury, property damages, and hundreds of arrests.

As a UC Berkeley student, the 2017 riots were disheartening to say the least. Many of my friends struggled internally between providing a public forum for self-proclaimed trolls like Milo Yiannopoulos or compromising a core value that had been held steadfast since the Free Speech Movement in the 1960s.

However difficult, we must choose to protect Free Speech.

In the case of Whitney v. California, Whitney was convicted for helping the Communist Labor Party of America, a group that was charged with planning to overthrow the government. Despite the verdict, scholars credit Supreme Court Justice Louis Dembitz Brandeis with perhaps the greatest defense of Freedom of Speech ever written in high court:

Fear of serious injury cannot alone justify suppression of free speech and assembly. Men feared witches and burnt women. It is the function of speech to free men from the bondage of irrational fears. To justify suppression of free speech, there must be reasonable ground to fear that serious evil will result if free speech is practiced. There must be reasonable ground to believe that the danger apprehended is imminent. There must be reasonable ground to believe that the evil to be prevented is a serious one.

Enforced silence is not an option. The remedy is almost always more speech.

In the context of a social platform, speech, in the form of a post or a comment, defines the user experience. Large corporations shouldn’t be arbitrarily deciding what constitutes Free Speech.

Facebook routinely suppressed conservative news from the Trending section.

Reddit’s CEO, Steve Huffman, once modified user comments that he didn’t agree with on the website. Regardless of the context, this is too much power wielded by too few.

An online community needs to decide what content should be permitted or disallowed. A platform has an obligation to empower users to cultivate the community that they want to be a part of.

What’s the difference between me and you?

🎉 Onto a much lighter subject 🎉

As our team was building Sapien, we identified another unmet need as a result of disagreements on site design, components, and usage.

Each of us is unique.

Different aspects of a platform appeal to different people.

Right now, there’s just no way to tailor a social experience to a user. Bob might want to use the platform as a podcast aggregator. Alice might want setup the site as a blogging site similar to Medium. Charlie could make it into a gaming platform via integrations with League of Legends, Call of Duty, etc.

Just as we grow as individuals, the platform should be able to evolve as well. We shouldn’t be subjected to the stagnant nature of current incumbents. Every element on the application should be highly customizable by the user, perhaps even changing its appearance and functionality as the day progresses.

An open, decentralized marketplace will enable developers to build and distribute a variety of components and features of a social platform. This will provide users with an unprecedented, precise control over various layouts, customizations, themes, and integrations.

The only limit of the platform would be the collective ingenuity of the community of users and developers.

What’s next?

I hope you all enjoyed a gentler, memified discussion about our intentions.

The next article we will go over exactly how we intend to materialize these motivations into a tangible product.

If you enjoyed this article please clap and share :)

Join our vibrant community!

We will be consistently releasing information on our blogs. More details to come for the token sales terms, registration, and purchase processes. In the meantime, we invite you to join our community:


Why we want to reinvent the social network on the Blockchain was originally published in Sapien Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Descentralización de Procesos

Si bien es cierto que el capitalismo es el modelo económico más exitoso en la historia de la humanidad, habiendo permitido la extracción de cientos de millones de personas de la pobreza, garantizando con ello mejoras sin precedentes en la calidad de vida y gestionando desarrollos económicos sin parangón, también es el mismo capitalismo quien ha permitido el encarecimiento de muchos procesos debido a la aparición de intermediarios. Estos, aprovechando en la mayoría de ocasiones fallas de mercado, han creado modelos de negocio que les han permitido ser indispensables en muchas de las cadenas de valor operativas a nivel mundial.

Estas fallas de mercado pueden tomar diferentes formas. En muchos casos se deben a falta de confianza entre partes, problemas de optimización sectorial, bajas rentabilidades para determinado actor que pueden ser optimizadas por otro, etc. De esta forma el coste de los productos crece a nivel mundial y son trasladados al consumidor final. Es decir, pagamos justos por pecadores en un mundo regido por las ineficiencias industriales, gubernamentales y administrativas.

Hasta el día de hoy, la mayoría de estos modelos de negocio se convertían en sistemas centralizados, pues está, resultaba ser la primera opción para desarrollar y abordar situaciones de alta complejidad (muchas veces es la única que conoce el empresario convencional) debido a que la centralización inicialmente brinda cierto orden y un aparente menor coste que la descentralización, pues al existir un control central permite reducir duplicidades y hasta cierto punto aumentar la velocidad en la toma de decisiones . Sin embargo, si el costo de la descentralización baja (gracias a la evolución tecnológica y económica), y el costo de la centralización sube (mantenimiento de un sistema centralizado así como el riesgo de corrupción o la inflación en los modelos financieros ), migrar a un modelo descentralizado se vuelve una evolución clara.

Actualmente podemos asegurar que está figura de intermediación y sistemas centralizados tiene sus días contados. Con Blockchain se puede garantizar la seguridad y confianza entre las partes que interactúan en una cadena de valor (por ejemplo uno de los costes más elevados en las cadenas de abastecimiento global es el de la desconfianza entre las partes, lo que incrementa hasta en un 30% los costes de las mercancías), ahorrando tiempo y energía, aportando transparencia, a la vez que se optimizan procesos de tal manera que los costes de las manufacturas y el trasiego se reducen en gran medida. Esto permite trasladar los beneficios al usuario o consumidor del producto generado o transportado, y todas las partes involucradas, lo que deriva en muchos casos en un aumento en la calidad de vida.

Si ademas de utilizar Blockchain, agregamos a este modelo un token (permitiendo, dicho sea de paso, la tokenización del proceso) podremos generar un sistema de incentivos a través de teoría de juegos que nos permita influir en los componentes de la cadena de valor. Podríamos también buscar las conductas más beneficiosas para la red (primando los beneficios grupales antes de los personales, para ello se deben establecer una serie de incentivos para premiar este tipo de conductas) obteniendo con ello un equilibrio y una maximización de beneficios.

Si se desarrolla un sistema de incentivos o modelo criptoeconómico eficiente, que sea sostenible y sustentable en el tiempo, es muy posible que logremos la gestión autónoma de la cadena de valor, sin interferencia de entes centrales que influyan en los comportamientos de los players (habremos entonces crackeado el modelo económico-administrativo actual). Además, de la mano con la eficiencia del modelo cripto vendrá la defensa de la red por parte de los mismos participantes de posibles ataques, tanto externos como internos, que busquen corromper o desestabilizar su funcionamiento.

Desafíos y Problemáticas

Desde el punto de vista ideológico: algo maravilloso. Desde el punto de vista racional: quizá algo descabellado. Lo cierto es que en el estado actual de la sociedad encontramos muchas dificultades para poder llevar a cabo este tipo de procedimientos. Estas dificultades vienen de diversos sectores que en la mayoría de los casos gobiernan las industrias y los modelos económicos tal como los conocemos. Estos sectores buscarán luchar siempre por permanecer vigentes, a pesar de que su modelo de negocio este en la obsolescencia. Lo anterior puede ahogar la innovación y la aparición de modelos disruptivos mediante presiones que pueden tomar las formas menos esperadas.

Desde mi punto de vista, estas problemáticas pueden agruparse en tres lineas principales :

  1. Políticas: La mayoría de industrias ejercen fuerzas sobre los entes gubernamentales, permitiendo el tráfico de influencias con el fin último de allanar el camino o extender los beneficios a determinado sector, sea manufactura, procesos, transporte, etc. Es bien sabido que quien intente romper el status quo corre el riesgo de enfrentarse a los gobiernos, las regulaciones y los intereses de muchos intermediarios.
  2. Administrativas: Las gestiones administrativas se vuelven un tanto más controlables en sistemas centralizados que cuando se trabaja en una comunidad abierta donde las ideas abundan y donde el valor es creado por todos-para todos.
  3. Educacionales: Sistemas educativos y de enseñanza que incentivan la verticalidad y la centralización de procesos tanto económicos como sociales, generando sesgos cognitivos en el imaginario social.

Recomendaciones Para Descentralizar o Tokenizar un Proceso

Todo proceso tiene una estructura tanto económica como social, es decir, su existencia se debe a que ha sido social y económicamente aceptado. Esto conlleva a que su transformación no pueda darse de golpe, pues acarrearía externalidades que pondrían en riesgo el éxito de la iniciativa transformadora. Por ende, todo cambio debe realizarse de manera paulatina, tomando en cuenta los intereses de los jugadores o entidades afectadas y establecer una estrategia de transformación que toque a cada uno en el momento adecuado.

Para llevar a cabo lo anterior, sugiero que se deben considerar los siguientes aspectos:

  1. Conocer a fondo el proceso: Porqué, cómo, cuándo, quién, a quienes.
  2. Comprender a fondo las conductas, motivaciones y roles que cumplen todos los individuos o entidades que componen o forman parte del proceso.
  3. Entender las fuerzas que interactúan en dicho proceso y cómo puede afectar sus interrupciones.
  4. Estudiar a fondo las externalidades derivadas del proceso en sí. En este caso es sumamente importante tanto las actuales como las que surgirían con el nuevo modelo.
  5. Comprender las variables socio-económicas que intervienen.
  6. Cuáles son las conductas esperadas o deseadas para el funcionamiento del nuevo modelo.

Una vez mapeados los aspectos anteriores, se debe analizar los pros y contras con que cuenta el proceso actual y qué valor agregaría (tanto económico como social) el nuevo modelo o proceso a implementar. De esta forma, tendremos una idea profunda de cuál es la problemática y cuál será nuestra solución. También podremos medir, o al menos deducir, el grado de aceptación que tendrá la idea, lo que resulta inversamente proporcional al grado de éxito en la tokenización o descentralización del proceso.

El paso final sería tomar la información y emular (hasta el cansancio y un poco más) el nuevo modelo, con el fin de obtener un modelo criptoeconómico y de incentivos que permita a la red o el proceso funcionar de manera autónoma o con la mínima interferencia humana, garantizando su integridad y seguridad en el tiempo.

No es un proceso simple pues requiere de bastante estudio y en muchos casos emulaciones tediosas. No obstante, vale la pena restituir algunos valores que se han perdido, empoderando a algunos elementos que han sido relegados a un segundo plano con el paso del tiempo, generando sociedades más equitativas con una mejor distribución de las decisiones.

La oportunidad esta en la mesa, queda en manos de la sociedad hacerla valer.

Descentralización de Procesos

Si bien es cierto que el capitalismo es el modelo económico más exitoso en la historia de la humanidad, habiendo permitido la extracción de cientos de millones de personas de la pobreza, garantizando con ello mejoras sin precedentes en la calidad de vida y gestionando desarrollos económicos sin parangón, también es el mismo capitalismo quien ha permitido el encarecimiento de muchos procesos debido a la aparición de intermediarios. Estos, aprovechando en la mayoría de ocasiones fallas de mercado, han creado modelos de negocio que les han permitido ser indispensables en muchas de las cadenas de valor operativas a nivel mundial.

Estas fallas de mercado pueden tomar diferentes formas. En muchos casos se deben a falta de confianza entre partes, problemas de optimización sectorial, bajas rentabilidades para determinado actor que pueden ser optimizadas por otro, etc. De esta forma el coste de los productos crece a nivel mundial y son trasladados al consumidor final. Es decir, pagamos justos por pecadores en un mundo regido por las ineficiencias industriales, gubernamentales y administrativas.

Hasta el día de hoy, la mayoría de estos modelos de negocio se convertían en sistemas centralizados, pues está, resultaba ser la primera opción para desarrollar y abordar situaciones de alta complejidad (muchas veces es la única que conoce el empresario convencional) debido a que la centralización inicialmente brinda cierto orden y un aparente menor coste que la descentralización, pues al existir un control central permite reducir duplicidades y hasta cierto punto aumentar la velocidad en la toma de decisiones . Sin embargo, si el costo de la descentralización baja (gracias a la evolución tecnológica y económica), y el costo de la centralización sube (mantenimiento de un sistema centralizado así como el riesgo de corrupción o la inflación en los modelos financieros ), migrar a un modelo descentralizado se vuelve una evolución clara.

Actualmente podemos asegurar que está figura de intermediación y sistemas centralizados tiene sus días contados. Con Blockchain se puede garantizar la seguridad y confianza entre las partes que interactúan en una cadena de valor (por ejemplo uno de los costes más elevados en las cadenas de abastecimiento global es el de la desconfianza entre las partes, lo que incrementa hasta en un 30% los costes de las mercancías), ahorrando tiempo y energía, aportando transparencia, a la vez que se optimizan procesos de tal manera que los costes de las manufacturas y el trasiego se reducen en gran medida. Esto permite trasladar los beneficios al usuario o consumidor del producto generado o transportado, y todas las partes involucradas, lo que deriva en muchos casos en un aumento en la calidad de vida.

Si ademas de utilizar Blockchain, agregamos a este modelo un token (permitiendo, dicho sea de paso, la tokenización del proceso) podremos generar un sistema de incentivos a través de teoría de juegos que nos permita influir en los componentes de la cadena de valor. Podríamos también buscar las conductas más beneficiosas para la red (primando los beneficios grupales antes de los personales, para ello se deben establecer una serie de incentivos para premiar este tipo de conductas) obteniendo con ello un equilibrio y una maximización de beneficios.

Si se desarrolla un sistema de incentivos o modelo criptoeconómico eficiente, que sea sostenible y sustentable en el tiempo, es muy posible que logremos la gestión autónoma de la cadena de valor, sin interferencia de entes centrales que influyan en los comportamientos de los players (habremos entonces crackeado el modelo económico-administrativo actual). Además, de la mano con la eficiencia del modelo cripto vendrá la defensa de la red por parte de los mismos participantes de posibles ataques, tanto externos como internos, que busquen corromper o desestabilizar su funcionamiento.

Desafíos y Problemáticas

Desde el punto de vista ideológico: algo maravilloso. Desde el punto de vista racional: quizá algo descabellado. Lo cierto es que en el estado actual de la sociedad encontramos muchas dificultades para poder llevar a cabo este tipo de procedimientos. Estas dificultades vienen de diversos sectores que en la mayoría de los casos gobiernan las industrias y los modelos económicos tal como los conocemos. Estos sectores buscarán luchar siempre por permanecer vigentes, a pesar de que su modelo de negocio este en la obsolescencia. Lo anterior puede ahogar la innovación y la aparición de modelos disruptivos mediante presiones que pueden tomar las formas menos esperadas.

Desde mi punto de vista, estas problemáticas pueden agruparse en tres lineas principales :

  1. Políticas: La mayoría de industrias ejercen fuerzas sobre los entes gubernamentales, permitiendo el tráfico de influencias con el fin último de allanar el camino o extender los beneficios a determinado sector, sea manufactura, procesos, transporte, etc. Es bien sabido que quien intente romper el status quo corre el riesgo de enfrentarse a los gobiernos, las regulaciones y los intereses de muchos intermediarios.
  2. Administrativas: Las gestiones administrativas se vuelven un tanto más controlables en sistemas centralizados que cuando se trabaja en una comunidad abierta donde las ideas abundan y donde el valor es creado por todos-para todos.
  3. Educacionales: Sistemas educativos y de enseñanza que incentivan la verticalidad y la centralización de procesos tanto económicos como sociales, generando sesgos cognitivos en el imaginario social.

Recomendaciones Para Descentralizar o Tokenizar un Proceso

Todo proceso tiene una estructura tanto económica como social, es decir, su existencia se debe a que ha sido social y económicamente aceptado. Esto conlleva a que su transformación no pueda darse de golpe, pues acarrearía externalidades que pondrían en riesgo el éxito de la iniciativa transformadora. Por ende, todo cambio debe realizarse de manera paulatina, tomando en cuenta los intereses de los jugadores o entidades afectadas y establecer una estrategia de transformación que toque a cada uno en el momento adecuado.

Para llevar a cabo lo anterior, sugiero que se deben considerar los siguientes aspectos:

  1. Conocer a fondo el proceso: Porqué, cómo, cuándo, quién, a quienes.
  2. Comprender a fondo las conductas, motivaciones y roles que cumplen todos los individuos o entidades que componen o forman parte del proceso.
  3. Entender las fuerzas que interactúan en dicho proceso y cómo puede afectar sus interrupciones.
  4. Estudiar a fondo las externalidades derivadas del proceso en sí. En este caso es sumamente importante tanto las actuales como las que surgirían con el nuevo modelo.
  5. Comprender las variables socio-económicas que intervienen.
  6. Cuáles son las conductas esperadas o deseadas para el funcionamiento del nuevo modelo.

Una vez mapeados los aspectos anteriores, se debe analizar los pros y contras con que cuenta el proceso actual y qué valor agregaría (tanto económico como social) el nuevo modelo o proceso a implementar. De esta forma, tendremos una idea profunda de cuál es la problemática y cuál será nuestra solución. También podremos medir, o al menos deducir, el grado de aceptación que tendrá la idea, lo que resulta inversamente proporcional al grado de éxito en la tokenización o descentralización del proceso.

El paso final sería tomar la información y emular (hasta el cansancio y un poco más) el nuevo modelo, con el fin de obtener un modelo criptoeconómico y de incentivos que permita a la red o el proceso funcionar de manera autónoma o con la mínima interferencia humana, garantizando su integridad y seguridad en el tiempo.

No es un proceso simple pues requiere de bastante estudio y en muchos casos emulaciones tediosas. No obstante, vale la pena restituir algunos valores que se han perdido, empoderando a algunos elementos que han sido relegados a un segundo plano con el paso del tiempo, generando sociedades más equitativas con una mejor distribución de las decisiones.

La oportunidad esta en la mesa, queda en manos de la sociedad hacerla valer.

A Decentralized Design Practice

Experiment 1: Design Jam

What does a design practice look like at a decentralized organization?

Around here we’re trying to walk the walk—the future is decentralized and we are shedding the rigid hierarchies of the past. We’re helping to ideate, shape user experiences, and define visual communication for dApps built on Ethereum. What does a design culture look like when each designer is an autonomous node in the mesh? How do things get done when there are no command and control methods to fall back on, when no one has a manager, when designers are across almost every timezone—and yet we must create and maintain the first-rate user experiences critical to adoption of blockchain?

No pressure.

We started by asking “What makes a great design culture, and in turn, great products?” What we’ve found so far is an organic body of cross-pollination, friendship, growth, challenges, methods, tools, transparency, constructive criticism, inspiration, and unwavering support. Although we’re still learning, we’ve begun to experiment with and iterate on ways to foster such a culture.

The following is a glimpse into our first experiment, a design jam. Traditionally, design jams are a way spend time with colleagues and let off some creative steam by working on low-stress and fun design prompts. How might a design jam facilitate shaping a great culture of design in a decentralized and remote environment?

Experiment 1: Decentralized Design Jam

We kicked off a 24 hour period with 4 teams of 4–5 people.

The Design Prompt

How might ephemeral tattoos be used by Mesh Members to construct the (message of the) future?

Rules and Constraints

  1. You have 24 hours, plan your time with your team accordingly across timezones
  2. Take the design prompt any way you want — no further explanations
  3. Your users: ConsenSys Mesh members. Interview at least two users about their needs prior to design and user-test your solution afterward. Your research plan is up to you
  4. Final output: vector file(s) sized to 2”x2”, 2 minute presentation on your process, what you learned, and feedback you got from users to share in the closing ceremonies
  5. Stages: Empathize, Define, Ideate, Prototype, Test
  6. Skills: Project management, User research, Ideation and iteration, Sketching, Visual Design, Remote collaboration

Results

Team Eternally Ephemeral:
Celine Park, Andrew Cohen, thessy.mehrain, Carl Fairclough

“We started talking and realized pretty quickly we had no idea how to approach this. So we opened up a Mural and started throwing in a bunch of information for structure, and then immediately made a few action items. We talked about going outside the box and did a few different creative exercises.

Ideating in Mural

We came up with interview questions with the intention to just see where they took us — it was interesting to see what people thought about their relationship with the Mesh. People we talked to had interesting thoughts about how we will relate to each other in the future.

We started talking about generative art and wondering how far we can abstract this idea. Does it have to be a tattoo? Does it have to be 2x2 inches? How far can we push these constraints? We broke down concepts and what the words in the prompt really mean—tattoos are often a signifier of a life event or related to one’s identity for instance. Identity could also mean an Ethereum address.”

A tattoo as generative art and interactive experience from an Ethereum address.

Team Rick and Morty:
tj blanchflower, Sandra Song, Laura Giron, Christian Jeria

“We weren’t really focused on user research and wanted to have a wholly irresponsible design activity where we were selfish and egotistical. We did get some interesting responses from our interviews, but we didn’t use any of them.

We had discussions around far-future ideas (augmented reality) to near-future ideas (QR codes and uPort), but ultimately landed on the value of humor and the way it allows you to think differently.

Early ideation

What will Ethereum give you? ETH is the future and it’ll be so well understood that, yeah, of course you’ll be able to buy burritos with it!”

“You can easily replace the taco with any everyday item to communicate the message.”

Team 5tat:
Saraswathi, Jonny Howle, Yunyun Chen, Bill Bodell, Victorjoshua Done

“Our first plan of action was to jump into generative research. What came out of the interviews was this problem of getting to know new Mesh members and how to facilitate getting to know one another and the culture here.

We refactored the brief in this discussion: we decided the message of the future was decentralization, and that decentralization brings with it certain hurdles, such as getting to know one another and building relationships.

Remote “Exquisite Tats”

The idea we came up with is “Exquisite Tats”: During remote coffee chats of ideally 3 people, participants can use a collaborative drawing app to conduct an Exquisite Corpse exercise. This would automatically output a 2x2" tattoo for the group to share that commemorates their meeting in a unique way.”

“That’s it, we made a monster-tattoo-generation-as-a-service.”

Team Eight Silver Nuggets Forever:
Nguyet Vuong, Jeff Silva, Octavian Todirut, Eva Shon

“We kicked it off immediately; it was critical to build off the energy from the first call. We did a lot of slacking since we had such a wide range of timezones—it was the thread between our group.

When our survey results came back, some of the words that stood out were: abstract, intrigue, curiosity, transformation. If people were at a conference, what would they want the tattoo to evoke? A lot of people said they wanted it to be an invitation to come talk to them about Ethereum. Decentralization empowers people and emphasizes the individual, while still being part of a whole.

We took these concepts to make a modular tattoo system, emphasizing each element, but that can be layered with additional tattoos to create a story.”

Tattoo systems

Conclusion

“When is the next one?”

Designers reported in a feedback survey that they had fun and got to know their colleagues better, and most learned something new. They also discussed the difficulty of working across timezones and noted which tool combinations worked best—many cited simultaneous use of Slack, Zoom, and Mural.

Overall, teams noted that while they diverged and converged quite naturally (designers amirite), they iterated faster when they had clear roles and next steps. Communication and having the tools to fit different styles of communication was paramount.

We all noticed some themes that might be indicators of the culture at the intersection of Ethereum and design—rule questioning, considering the individual within a whole, pushing for a better way, experimentation, openness, community-mindedness, thinking in systems and experiences.

In the end we printed the temporary tattoos and had them available at events like Ethereal and Devcon3.

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DISCLAIMER: The views expressed by the author above do not necessarily represent the views of ConsenSys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.


A Decentralized Design Practice was originally published in ConsenSys Media on Medium, where people are continuing the conversation by highlighting and responding to this story.

On Tokens 1.0 vs. Tokens 2.0 and Fundamental Blockchain Innovations

What if (almost) everything we are seeing today with token projects were merely part of the first generation, and will bear only little fruit compared to what the second generation might bring?

This isn’t a far-fetched scenario from reality.

Truth is,- many ICOs projects have lost the meaning of the token function, in favor of the crowd-funding carrot.

Web 1.0 vs. Web 2.0 Analogy

When the web came along in 1993, and we were entering its first phases of applications development, we certainly didn’t see nor were able to implement everything that we are benefiting from today. That was in part due to early technical limitations, and in part to the naturally required evolution for progressing from basic to advanced usages based on experience and learnings. In essence, you can’t get from ground zero to the summit in one straight shot, but rather via a series of gradual ascents from one level to another.

When something new comes along, we typically try to emulate the old ways before we invent new ways that we didn’t know of before. For the Web, the native uses of the Internet turned out to be two-way channels where users produced the work (as opposed to broadcast channels that were most of the Web 1.0 era). So, it took until 2002–2005 for most entrepreneurs to understand that and to build apps that took advantage of it.

With many token projects, it looks like we are copying what we already see versus inventing what we don’t discern yet.

Sadly, for several token projects, there is more token and less blockchain. There is more currency, and less tokens that represent utilitarian work. There is less organic relationships between blockchain functionality and token capability, and there is more hyperbolic claims about these linkages than substantively demonstrable capabilities.

If you hear of a project that is going to “do X on the blockchain”, and it looks like anything another startup or company is doing, you need to ask what the role of the token is in relation to the blockchain capabilities. And you need to ask: what would happen without the token? Why do you need a blockchain? What is the blockchain enabling that could not be possible before?

These observations are based on my insights into the market activity, complemented by the recent flurry of projects that are landing in my Inbox, some of which are being frenetically funded with little scrutiny. The token itself is not the innovation, and we tend to forget that.

Many token projects are proposing to use the blockchain’s currency feature as a linchpin, but that is a very limited use case, in the grand scheme of blockchain capabilities. Internal cryptocurrencies are good, but they only target value transfer efficiencies. Efficiency improvements are useful, but where is the magic?

The ICO was novel in its multiple currency creation, via the ERC20 standard, which is merely about that. But we are not doing so well in terms of implementing more creative usages for a token.

Revisiting Blockchain Fundamental Innovations

Let’s revisit the fundamental blockchain innovations. Bitcoin gave us native mining, basically a way to boot-up a blockchain out of connecting computers together, and it gave us a blockchain that rewards work and workers. The Ethereum ICO was innovative in that it popularized the concept of paying for running business finance logic (smart contracts) on top of the blockchain, and it gave us the promise of a universal, general-purpose software development framework for creating decentralized applications, ones that don’t rely on a spoke-and-wheel, top-down, command-and-control or counterparty-heavy governance scenarios.

Today, I feel we are in a lull of Token 1.0 bottom, where we are “doing tokens” with a loose interpretation on blockchain capabilities.

Not only is Token 1.0 attracting the wrong types of projects, it is also attracting the wrong types of people who see opportunistic gains from spinning a currency, raising from the crowd and promising the moon, with little accountability to be held against.

We must ask what is the role of the blockchain, and sometimes, it is not that obvious.

When Bitcoin and Ethereum were in their infancy, their success was not assured, while still full of uncertainty. But that is the nature of how great innovations occur. It is when things are not so obvious that they can get the most interesting later.

How do we get out of this rut?

First and foremost, we must revisit and apply the basic innovations of the blockchain. Then we need to assess token functionality critically, without over-engineering the token capabilities.

Remember that token functionality is a hypothesis that remains to be proven in the market.

So, what are the basic and fundamental innovations that must be reflected in a token usage?

For one, it is about the removal or disappearance of a counterparty (or intermediary) who is no longer needed for the successful completion of a given transaction or interaction. For example, blockchains are really good for automatically executing the consequences of certain actions, conditions, logic or whatever “state” comes their way.

Second, it is about using the token as a reward for a type of work that is provided, whether it is computational or human work. This is also called incentive, but that word has been misused as a carrot for enticing users to try something, and that is not the same as a genuine work reward. The blockchain can be a good rewards engine for automatically dispensing tokens to those who do the work, as evidenced by Bitcoin, Ethereum and Steemit who function that way.

Third, blockchains can help us get to decentralization in a given process or organizational construct, whether it is along an architectural, political, logical or technical dimension. However, decentralization for the sake of decentralization is not the goal. Decentralization must bring with it given features such as increased security, better decision-making, co-operative sharing of benefits, fault-tolerance in network resiliency, or other ones where there is a visible outcome improvement to the non-decentralized way.

Finally, blockchains hold the promise of decentralized organizational governance, a theme that continues to percolate in blockchain circles as a sort of nirvana end-state. Decentralized governance is an ambitious goal and comes with various degrees of feasibility, but it can only be achieved gradually, and not suddenly. Here too, the 1.0 models will most probably fall short or fail, especially if they attempt to airdrop DAO-like beliefs on their communities. Decentralized autonomy is a step-wise function that we get to gradually, and we still have much to learn about implementing it.

I recently started to use the contrast Native vs. Grafted to depict a simple classification of token roles. If the token is native to the blockchain, app or protocol, it means that the blockchain, decentralized protocol or application cannot function without it. In contrast, grafting functionality later is more tricky. Not only the resulting outcome may or may not be that innovative or useful, the chances for success will certainly be lower because it will be harder to achieve sustainable user engagement when users don’t have “blockchain skin” in the game.

For example, the Rarepepe project (despite its racist roots) is a good example of a truly native blockchain application across many dimensions: with Rarepepe, the assets can only be issued on the blockchain and they are linked to specific tokens; the Rarepepe token supply is limited, creating a scarcity; Rarepepe collections cannot be faked or copied, but they can be transferable peer-to-peer; and authenticity is inspected by trusted parties (Rarepepe scientists) that function like trusted decentralized nodes.

We need to challenge ourselves to create Token 2.0 projects. Token 2.0 will be achieved in part via a return to applying more creatively the fundamental features of a blockchain, and in part by erasing the mediocre Token 1.0 projects that are currently polluting the environment.

We need to put the blockchain back into the equation, and not the token.

If the token is a propeller head, its impact must be felt like a rocket. Make sure it is not looking like a set of rowing oars.

Note: We will discuss Tokens 2.0 vs. Tokens 1.0 at the upcoming Token Summit in San Francisco, December 5th. You can register here.

[Thanks to Vitalik Buterin for inspiration (during our panel chat at ETHWaterloo), and Fred Wilson for reviewing a draft and beefing-up the Web 1.0/2.0 analogy.]

(Republished from original on StartupManagement)

Blockchain Reputation — Promoting Good Actors In A Free Society

In a free society we will use blockchain based reputation systems to promote good actors, and because of this centralized third party intermediaries will cease to exist.

If you think about it, every human interaction has potential for conflict, and as the relational distance between two parties broadens, the potential for conflict grows. The more you know the person you’re interacting with, the easier it is to negotiate, because you have a better chance of intimately understanding the goals and trappings of that person.

For instance if you’re married, the person who you know best and who best knows you is most likely your spouse, and every day the two of you interact dozens of times or more. If your relationship is at least moderately strong, chances are you are able to do so in, if not a loving way, a civil way.

How is this achieved? Well, because the both of you have spent so much time getting to know each other; you share a household, memories, finances, intimacy, and perhaps children, you have earned a tremendous amount of mutual reputation. This reputation causes you to be empathetic with each other. You understand what brings each other joy. You understand what leads to conflict.

So you can use this knowledge to engage each other in ways that maximize respect, sovereignty, compassion, trust, and productivity, and reduce uncertainty and stress. Because of your close relationship, it is massively important that you have a solid reputation in the eyes of your spouse. That drives your motives, and incentivizes you and your spouse to make sure the majority of your interactions are win-win.

What is reputation?

Reputation is the sum of all your interactions with another person in a specific context. For example, if you have a history of calmly talking about finances with your spouse, you can both be reasonably confident that any future financial issues that come up will be discussed calmly. Context is key because it defines the nature of an interaction.

We all value different things, and so the way someone interacts in some contexts matters more to us then how they interact in others. For instance, if you plan on having children, the way your partner interacts with a child now is an important indication of how they will interact with your children in the future. A negative interaction might signal that they are not the right person to be in a relationship with. For you the context “interactions with children” carries more weight than it would with someone not interested in having children.

Circles of trust

There are concentric circles of trust that exist in societies. The people closest to you, perhaps your spouse and children, exist in the innermost circle. These are the people you have built the most reputation with. The next circle contains people who are still deeply close to you — maybe your parents, siblings, and best friends, but the further outward from center, the less reputation you have built with the parties each circle represents. Interactions with people in the furthest circles have the most risk, and that means if you do choose to interact with them you will need systems in place to account for that risk.

For most of human history building reputation was a slow process, and often times there were serious repercussions if you trusted the wrong person. Bad actors will always exist, and to trust one could imperil your livelihood or even your life.

But we are social creatures who need to cooperate with each other in order to survive and thrive. Think about it, no one is an expert at everything, so we must band together to build the best possible outcomes for ourselves, our families, and our communities. For this reason, there has always been a pull between the risk of trusting someone you do not know, and the reward that comes from cooperation. Over time we have figured out ways to limit our exposure to bad actors while maximizing our ability to cooperate. This has been extraordinarily productive for us as a species, but it’s far from ideal.

Reputation organizations

Photo by Julia Caesar

With limited technology people in our past created organizations as intermediaries to help solve the problem of reputation. There are many examples of this, from escrow services, to dispute resolution services, to credit reporting agencies. Even government is no more than an intermediary trying to protect its population from those they consider bad actors.

In our more recent history, the rise of the internet has allowed an exponential growth in ways for humans to collaborate, but it also created more risk because we end up dealing with people outside of our trust spheres. However, we now can easily connect with people all over the world, which is a remarkable achievement towards cooperative building, since it’s the people with the most differences in experiences that can offer skills and insights the people in our circles of trust most likely cannot.

People who are the most different from you, may have the most unique perspective relative to you, and perhaps can offer tools, knowledge, and products you would never even consider. But while interactions with people farthest away from your trust center might provide the greatest reward, they definitely come with the most risk.

To counter this risk, companies were created to act as intermediaries between parties who don’t know each other, and therefore have no reputation built between each other.

These companies provide a platform for users to find each other, communicate, and transact value, and because of this users separated by distance and culture can securely interact. The idea is, if the users trust the intermediary, they do not have to trust each other.

This is quite obviously very valuable, as some of the largest companies in the world are simply intermediaries. Companies like Amazon and Uber, who act as intermediaries in commerce interactions are worth billions each. And companies like Facebook and Twitter, who act as intermediaries in information interactions are also worth many billions. Then there are banks and governments. These types of centralized intermediaries affect the most people globally.

So you see, reputation matters. A lot. It’s clear that companies and states who offer reputation protections provide a valuable service. When humans are safe to interact and exchange, they create amazing things together, and by removing the risk of intervention by bad actors, humans can feel safe to reach out beyond their nearest circles of trust.

But organizing this way has a cost. Third party intermediaries, while effective to a certain extent, create unintended costs for users, and I group these costs into two categories: practical and philosophical.

The practical costs of third party intermediaries

In order to solve the issue or reputation, intermediaries like Amazon and Uber create significant infrastructure. In an online world this means hard costs like servers and buildings to house them, and soft costs like employee salaries and benefits, and payment processing. This ends up costing these organizations a lot of money, which in turn gets passed down to the end user.

For instance, each Uber ride costs the user upwards of 30% of each transaction. Amazon is a bit better, but users will still pay around 15% or more. The cost to create and run the infrastructure of a third party intermediary is very high, and users bear the brunt.

The second cost has to do with personal security. Centralized companies like the ones I mentioned above as well as state actors, all require a certain amount of sensitive user data in order to provide their services. They use identifying information to prove that users are who they say they are, and have what they say they have. For example, Amazon might need your banking information, address, social security number, business ID, date of birth, and more, and in return for knowing it they vouch for your character. They use the same information to vouch for the character of anyone you decide to do business with.

In a pre-blockchain world, these were necessary evils. The upside of being able to do business with billions of people around the world was worth giving up a bit of privacy. However, privacy isn’t the only concern. Data is valuable, and because these organizations hold a ton of data in central locations, they become targets for hackers looking to profit from stolen information.

The more information they store, the more of a target they are, and EVERYONE gets hacked eventually. Your information has likely been stolen a few times already, from Anthem, Target, Equifax, or any number of other large companies. They all lose their battle with hackers. It’s only a matter of time.

The philosophical cost of third party intermediaries

The financial and privacy costs of using centralized third parties are quite large, but in my opinion the philosophical cost is more interesting to ponder. If a third party is allowed to have authority to grant or refuse reputation to the people involved in an interaction, ultimately that third party intermediary can prevent the interaction from happening. The third party intermediary has all the power, while the transacting parties have traded their power for security.

As an example, even if a buyer and seller on Amazon both agree to a deal (which means they vouch for each other), Amazon has the authority to veto it. This is true every time. If Facebook or Twitter doesn’t approve of how you interact with your peers, they can kick you off or censor you, even though individual users have the ability to unfriend and block people they don’t want to associate with. If banks, credit cards, or payment processors take action against a person or organization they don’t like, they can prevent that person or organization from surviving.

The same is true with government actors. If a law exists prohibiting an interaction from occurring, regardless of whether both parties want it to happen, the state can take steps towards preventing it.

In my opinion, any voluntary interaction should be able to occur. If two people want to exchange value, be it knowledge, goods, or services, as long as the exchange is consensual, no one should prevent it from happening. But while reputation is controlled by centralized third party actors, voluntary interactions will be prevented. States can also effectively cancel a person’s identity by revoking residency, or even denying SWIFT access, so that a person can no longer operate in the global financial system.

The answer is blockchain technology

In Swarm City we are building a platform that allows people to find each other, communicate, and exchange value in a decentralized way. People will be able to build marketplaces, and form communities of like-minded individuals. For example, users will create their own buy/sell marketplace like Amazon, and communities of retailers will form to provide products in that marketplace. And drivers will band together as communities to provide services in rideshare marketplaces.

The Swarm City platform is decentralized because, although individual marketplaces and communities will be able to disallow certain members, or certain transactions to an extent, the Swarm City platform itself cannot censor interactions. And what’s even more critical, the Swarm City platform cannot prohibit any marketplace, or community from forming.

This allows communities to build naturally around like-minded values, and any voluntary interaction may take place. This is a novel approach to organizing, and I believe it will have tremendous impact on how humans exchange value.

However, what makes Swarm City truly revolutionary is the idea of “tokenizing” reputation, which means applying reputation to a blockchain. In my opinion, if you break Swarm City down to its primary function, at its core you’ll find a blockchain based reputation system.

(Photo by Juan ignacio Tapia)

Reputation on the blockchain

Every interaction in Swarm City takes place in a marketplace. We use hashtags to signify a marketplace — for example #needaride might be a rideshare marketplace, and #needtobuy might be a retail marketplace. When people successfully trade value in a marketplace by exchanging a product, service, or information, each party earns reputation tokens for that marketplace.

A marketplace is powered by a smart contract which can do all sorts of things like act as an escrow service, but its most powerful ability is generating non-spendable reputation tokens for every successful interaction. Also, each smart contract is unique to each marketplace, which means the reputation tokens they create are contextually unique to the type of transaction that occurs there.

These tokens get affixed to the user’s public key, are non-transferable, and live in perpetuity on the Ethereum blockchain. So when a user is deciding whether or not to interact with another user, they can see how much reputation that user has earned. It’s public and irrefutable, but just as important, it shows in which marketplaces that user has earned their reputation, which provides context to their reputation. For instance, a user may have thousands of reputation in #needaride as a driver, so it’s highly likely they can be trusted over someone with no driver rep in #needaride.

But perhaps that same driver with no #needaride reputation does have plenty of #NHRideshare driver rep and charges considerably less for their rides. The reason they don’t have any #needaride rep is simply because they haven’t participated in that marketplace yet, but they are clearly a reputable rideshare driver. Riders have all this context to ponder when deciding who to interact with. And so do drivers.

Riders earn their own unique reputation tokens, and this will let drivers know if their potential rider is a good actor. This is the power of blockchain based reputation. It gives immutable, public, contextual information about anyone you’re considering interacting with. Also, since reputation exists on a distributed ledger, it can follow a person from location to location. A rideshare driver doesn’t need to start from zero reputation in a new location if they use the same marketplace to give rides.

Voluntary societies

A free society is a voluntary one, where individuals may interact in any consensual way they choose. But for a free society to work optimally, it must have tools to solve the issue of reputation. Prosperity comes from interacting outside of your most trusted circles, because the pool of human ingenuity transcends the bounds of your close relationships. Genius exists everywhere, and it would be foolish to not seek it out. However, we must protect ourselves from bad actors. That is why blockchain based reputation is so critical. It gives us all the rewards of interacting with people we don’t know by providing irrefutable reputation, without the risks that come with using centralized third party intermediaries.


Blockchain Reputation — Promoting Good Actors In A Free Society was originally published in Swarm City Times on Medium, where people are continuing the conversation by highlighting and responding to this story.

Blockchain Reputation — Promoting Good Actors In A Free Society

In a free society we will use blockchain based reputation systems to promote good actors, and because of this centralized third party intermediaries will cease to exist.

If you think about it, every human interaction has potential for conflict, and as the relational distance between two parties broadens, the potential for conflict grows. The more you know the person you’re interacting with, the easier it is to negotiate, because you have a better chance of intimately understanding the goals and trappings of that person.

For instance if you’re married, the person who you know best and who best knows you is most likely your spouse, and every day the two of you interact dozens of times or more. If your relationship is at least moderately strong, chances are you are able to do so in, if not a loving way, a civil way.

How is this achieved? Well, because the both of you have spent so much time getting to know each other; you share a household, memories, finances, intimacy, and perhaps children, you have earned a tremendous amount of mutual reputation. This reputation causes you to be empathetic with each other. You understand what brings each other joy. You understand what leads to conflict.

So you can use this knowledge to engage each other in ways that maximize respect, sovereignty, compassion, trust, and productivity, and reduce uncertainty and stress. Because of your close relationship, it is massively important that you have a solid reputation in the eyes of your spouse. That drives your motives, and incentivizes you and your spouse to make sure the majority of your interactions are win-win.

What is reputation?

Reputation is the sum of all your interactions with another person in a specific context. For example, if you have a history of calmly talking about finances with your spouse, you can both be reasonably confident that any future financial issues that come up will be discussed calmly. Context is key because it defines the nature of an interaction.

We all value different things, and so the way someone interacts in some contexts matters more to us then how they interact in others. For instance, if you plan on having children, the way your partner interacts with a child now is an important indication of how they will interact with your children in the future. A negative interaction might signal that they are not the right person to be in a relationship with. For you the context “interactions with children” carries more weight than it would with someone not interested in having children.

Circles of trust

There are concentric circles of trust that exist in societies. The people closest to you, perhaps your spouse and children, exist in the innermost circle. These are the people you have built the most reputation with. The next circle contains people who are still deeply close to you — maybe your parents, siblings, and best friends, but the further outward from center, the less reputation you have built with the parties each circle represents. Interactions with people in the furthest circles have the most risk, and that means if you do choose to interact with them you will need systems in place to account for that risk.

For most of human history building reputation was a slow process, and often times there were serious repercussions if you trusted the wrong person. Bad actors will always exist, and to trust one could imperil your livelihood or even your life.

But we are social creatures who need to cooperate with each other in order to survive and thrive. Think about it, no one is an expert at everything, so we must band together to build the best possible outcomes for ourselves, our families, and our communities. For this reason, there has always been a pull between the risk of trusting someone you do not know, and the reward that comes from cooperation. Over time we have figured out ways to limit our exposure to bad actors while maximizing our ability to cooperate. This has been extraordinarily productive for us as a species, but it’s far from ideal.

Reputation organizations

Photo by Julia Caesar

With limited technology people in our past created organizations as intermediaries to help solve the problem of reputation. There are many examples of this, from escrow services, to dispute resolution services, to credit reporting agencies. Even government is no more than an intermediary trying to protect its population from those they consider bad actors.

In our more recent history, the rise of the internet has allowed an exponential growth in ways for humans to collaborate, but it also created more risk because we end up dealing with people outside of our trust spheres. However, we now can easily connect with people all over the world, which is a remarkable achievement towards cooperative building, since it’s the people with the most differences in experiences that can offer skills and insights the people in our circles of trust most likely cannot.

People who are the most different from you, may have the most unique perspective relative to you, and perhaps can offer tools, knowledge, and products you would never even consider. But while interactions with people farthest away from your trust center might provide the greatest reward, they definitely come with the most risk.

To counter this risk, companies were created to act as intermediaries between parties who don’t know each other, and therefore have no reputation built between each other.

These companies provide a platform for users to find each other, communicate, and transact value, and because of this users separated by distance and culture can securely interact. The idea is, if the users trust the intermediary, they do not have to trust each other.

This is quite obviously very valuable, as some of the largest companies in the world are simply intermediaries. Companies like Amazon and Uber, who act as intermediaries in commerce interactions are worth billions each. And companies like Facebook and Twitter, who act as intermediaries in information interactions are also worth many billions. Then there are banks and governments. These types of centralized intermediaries affect the most people globally.

So you see, reputation matters. A lot. It’s clear that companies and states who offer reputation protections provide a valuable service. When humans are safe to interact and exchange, they create amazing things together, and by removing the risk of intervention by bad actors, humans can feel safe to reach out beyond their nearest circles of trust.

But organizing this way has a cost. Third party intermediaries, while effective to a certain extent, create unintended costs for users, and I group these costs into two categories: practical and philosophical.

The practical costs of third party intermediaries

In order to solve the issue or reputation, intermediaries like Amazon and Uber create significant infrastructure. In an online world this means hard costs like servers and buildings to house them, and soft costs like employee salaries and benefits, and payment processing. This ends up costing these organizations a lot of money, which in turn gets passed down to the end user.

For instance, each Uber ride costs the user upwards of 30% of each transaction. Amazon is a bit better, but users will still pay around 15% or more. The cost to create and run the infrastructure of a third party intermediary is very high, and users bear the brunt.

The second cost has to do with personal security. Centralized companies like the ones I mentioned above as well as state actors, all require a certain amount of sensitive user data in order to provide their services. They use identifying information to prove that users are who they say they are, and have what they say they have. For example, Amazon might need your banking information, address, social security number, business ID, date of birth, and more, and in return for knowing it they vouch for your character. They use the same information to vouch for the character of anyone you decide to do business with.

In a pre-blockchain world, these were necessary evils. The upside of being able to do business with billions of people around the world was worth giving up a bit of privacy. However, privacy isn’t the only concern. Data is valuable, and because these organizations hold a ton of data in central locations, they become targets for hackers looking to profit from stolen information.

The more information they store, the more of a target they are, and EVERYONE gets hacked eventually. Your information has likely been stolen a few times already, from Anthem, Target, Equifax, or any number of other large companies. They all lose their battle with hackers. It’s only a matter of time.

The philosophical cost of third party intermediaries

The financial and privacy costs of using centralized third parties are quite large, but in my opinion the philosophical cost is more interesting to ponder. If a third party is allowed to have authority to grant or refuse reputation to the people involved in an interaction, ultimately that third party intermediary can prevent the interaction from happening. The third party intermediary has all the power, while the transacting parties have traded their power for security.

As an example, even if a buyer and seller on Amazon both agree to a deal (which means they vouch for each other), Amazon has the authority to veto it. This is true every time. If Facebook or Twitter doesn’t approve of how you interact with your peers, they can kick you off or censor you, even though individual users have the ability to unfriend and block people they don’t want to associate with. If banks, credit cards, or payment processors take action against a person or organization they don’t like, they can prevent that person or organization from surviving.

The same is true with government actors. If a law exists prohibiting an interaction from occurring, regardless of whether both parties want it to happen, the state can take steps towards preventing it.

In my opinion, any voluntary interaction should be able to occur. If two people want to exchange value, be it knowledge, goods, or services, as long as the exchange is consensual, no one should prevent it from happening. But while reputation is controlled by centralized third party actors, voluntary interactions will be prevented. States can also effectively cancel a person’s identity by revoking residency, or even denying SWIFT access, so that a person can no longer operate in the global financial system.

The answer is blockchain technology

In Swarm City we are building a platform that allows people to find each other, communicate, and exchange value in a decentralized way. People will be able to build marketplaces, and form communities of like-minded individuals. For example, users will create their own buy/sell marketplace like Amazon, and communities of retailers will form to provide products in that marketplace. And drivers will band together as communities to provide services in rideshare marketplaces.

The Swarm City platform is decentralized because, although individual marketplaces and communities will be able to disallow certain members, or certain transactions to an extent, the Swarm City platform itself cannot censor interactions. And what’s even more critical, the Swarm City platform cannot prohibit any marketplace, or community from forming.

This allows communities to build naturally around like-minded values, and any voluntary interaction may take place. This is a novel approach to organizing, and I believe it will have tremendous impact on how humans exchange value.

However, what makes Swarm City truly revolutionary is the idea of “tokenizing” reputation, which means applying reputation to a blockchain. In my opinion, if you break Swarm City down to its primary function, at its core you’ll find a blockchain based reputation system.

(Photo by Juan ignacio Tapia)

Reputation on the blockchain

Every interaction in Swarm City takes place in a marketplace. We use hashtags to signify a marketplace — for example #needaride might be a rideshare marketplace, and #needtobuy might be a retail marketplace. When people successfully trade value in a marketplace by exchanging a product, service, or information, each party earns reputation tokens for that marketplace.

A marketplace is powered by a smart contract which can do all sorts of things like act as an escrow service, but its most powerful ability is generating non-spendable reputation tokens for every successful interaction. Also, each smart contract is unique to each marketplace, which means the reputation tokens they create are contextually unique to the type of transaction that occurs there.

These tokens get affixed to the user’s public key, are non-transferable, and live in perpetuity on the Ethereum blockchain. So when a user is deciding whether or not to interact with another user, they can see how much reputation that user has earned. It’s public and irrefutable, but just as important, it shows in which marketplaces that user has earned their reputation, which provides context to their reputation. For instance, a user may have thousands of reputation in #needaride as a driver, so it’s highly likely they can be trusted over someone with no driver rep in #needaride.

But perhaps that same driver with no #needaride reputation does have plenty of #NHRideshare driver rep and charges considerably less for their rides. The reason they don’t have any #needaride rep is simply because they haven’t participated in that marketplace yet, but they are clearly a reputable rideshare driver. Riders have all this context to ponder when deciding who to interact with. And so do drivers.

Riders earn their own unique reputation tokens, and this will let drivers know if their potential rider is a good actor. This is the power of blockchain based reputation. It gives immutable, public, contextual information about anyone you’re considering interacting with. Also, since reputation exists on a distributed ledger, it can follow a person from location to location. A rideshare driver doesn’t need to start from zero reputation in a new location if they use the same marketplace to give rides.

Voluntary societies

A free society is a voluntary one, where individuals may interact in any consensual way they choose. But for a free society to work optimally, it must have tools to solve the issue of reputation. Prosperity comes from interacting outside of your most trusted circles, because the pool of human ingenuity transcends the bounds of your close relationships. Genius exists everywhere, and it would be foolish to not seek it out. However, we must protect ourselves from bad actors. That is why blockchain based reputation is so critical. It gives us all the rewards of interacting with people we don’t know by providing irrefutable reputation, without the risks that come with using centralized third party intermediaries.


Blockchain Reputation — Promoting Good Actors In A Free Society was originally published in Swarm City Times on Medium, where people are continuing the conversation by highlighting and responding to this story.

5 Reasons I am Bullish on Zcash

TL:DR— there are plenty of reasons why I think Zcash will be around for the long-haul.

 Full disclosure: I am an advisor to Zcash (ZEC) and hold some coins.

Readers of this blog will often ping me asking for advice on ICOs, tokens, Ethereum, and Bitcoin. Obviously (or maybe not obviously), I can’t give investment advice. As you know, the whole crypto world is full of volatility and risk. Please keep that in mind.

Background

I recently had the opportunity to spend 2 days in deep conversations with the extended team responsible for driving the Zcash protocol.

I am fairly certain that I have never been in a room with as much cryptographic horsepower as the one I was in with them. And I’d doubt that many others have either.

At a certain point in the conversations, I had to “tap out” because I couldn’t totally understand all the nuances of elliptical curves, gates, and zk-Snarks (though I tried to hold my own).

The discussions were enlightening, empowering, and exhausting. With the team’s permission, I am sharing some of the reasons why I am even more excited now than I was before (and I was pretty excited).

Before we jump in though, I want to call your attention to this podcast about Zcash which describes the elaborate and serious extent to which the team went to in order to ensure your security and the integrity of the system.

It’s a drama in the vein of the “Serial” podcast that will have you on the edge of your seats (in a good way).

The Needs and Wants You May Not Yet Realize You Have

Wayne Gretzky famously said “Skate to where the puck is going, not where it has been.” (I don’t care if the quote is over-used, it’s still good).

That’s what Zooko and team are doing.

They are skating to where the puck is going.

Zcash is pretty much what people who really, really get the power of blockchains (both good and bad) designed so that we get the good without the bad.

#1: You’re going to want a truly digital version of cash

What makes cash so useful?

It gives you a simple, easy way to conduct a transaction without anyone else knowing about it, if you don’t want them to. What’s more, you know you have it because it is right there in your hands. Afterwards, the other party to the transaction similarly knows s/he has it ….quickly (the so-called “shielded” transactions that give you total privacy take about 40 seconds to generate the transaction).

While every crypto-asset gives you the ability to control your coins, Zcash is the closest thing out there that is blockchain-based to replicate the functionality of cash. Bitcoin (you know I’m a fan) is great, but it’s totally traceable. Remember, the blockchain tracks everything.

Cash and Zcash give you tremendous flexibility and speed combined with privacy.  You don’t want everyone to know everything you are buying all the time, do you?

Sometimes, you may not care, but it would be nice to have the option at your disposal if you want it.

#2: You want others to have privacy, too.
There’s a larger societal good that comes with Zcash and it’s one that should appeal to liberals and conservatives alike.

By creating a system that favors privacy as the ultimate goal, you not only protect yourself, but you protect the rights of others.

Imagine living in a totalitarian state where your phone calls, expenditures, messages, and votes (among other things) were subject to surveillance.

If you knew that everything was being watched all the time, how comfortable would you feel to freely express your opinions or vote your conscience?

You wouldn’t.

Similarly, you don’t want others to feel throttled either. A technology that is private-by-default gives you a better chance of having the society you really want.

Need #3: You want businesses to have privacy

It’s not just individuals who need privacy.  It’s companies as well.

The benefits of the blockchain have been well documented on this blog.

But, imagine you are in a highly competitive industry and you are making an acquisition or a purchase of any kind.  Do you really want others to know how much you have paid for something?

No, you don’t.

If businesses can’t keep anything a secret from their competitors, you’re going to have a less dynamic market. This will lead to fewer goods and services and prices will not be as competitive (or low) for you.

Need #4: You want to know people are behaving honestly

The transparency and immutability of blockchains are what enable you to trust someone without actually trusting them. You know for a fact that they have possession of the coins they are sending you and are authorized to spend them.

But, total transparency and total privacy don’t really go together.

That’s where the super cool zk-Snarks technology comes in. Understanding the inner workings of the technology requires a PhD from MIT, Technion, or Johns Hopkins. But that’s not important.

ZK stands for “zero knowledge” and the basic concept is that you just need to be able to assess the veracity of a statement without knowing the details of the transaction.

One great example used a grocery store receipt with 50 items on it.

If I give you a receipt, you can inspect everything that I purchased. I have no privacy.

However, what if there were a way to know that I spent $178 at the grocery store, but you have NO idea exactly what I purchased? (that’s the “zero-knowledge” part)

And you were 100% confident that, in fact, the $178 was spent? (that’s kind of the “proof” part)

There you go, now you get zk-Snarks.

Need #5: Know that the monetary system in which you are participating is secure

If you ask anyone in the crypto-business who has the absolute “best in the business” when it comes to cryptography, there’s only right answer.

Take a look at this list. Any sophisticated investor will tell you, “it’s all about the team.”  The combination of the “7 scientists” as they are known (I like to call them the “Zeven Zamurai” or “Magnificent Zeven”) is unparalleled.

Then, look at the advisors and investors.

It’s pretty much the “Crypto-Dream Team.”

If there is a group of people that is going to figure out how to keep the system integrity where it needs to be, I believe in this one.

Zcash’s Forward Path: Overshooting

In The Innovators’ Dilemma, Clayton Christensen describes a concept called “overshooting”:

Disruptive technologies, though they initially can only be used in small markets remote from the mainstream, are disruptive because they subsequently can become fully performance-competitive within the mainstream market against established products.

This happens because the pace of technological progress in products frequently exceeds the rate of performance improvement that mainstream customers demand or can absorb. As a consequence, products whose features and functionality closely match market needs today often follow a trajectory of improvement by which they overshoot mainstream market needs tomorrow.

And products that seriously underperform today, relative to customer expectations in mainstream markets, may become directly performance-competitive tomorrow.

In my mind, Christensen is describing Zcash perfectly.

The products out there (e.g. Visa, PayPal, etc.) whose features match the needs of today’s customer are going to follow a trajectory, I believe, that will overshoot mainstream needs tomorrow.

Meanwhile, Zcash is already being used in small markets remote from the mainstream. It underperforms relative to customer expectations (most people don’t understand why they need something like Zcash yet), but with the pace of technological progress, combined with changing customer needs (see Gretzky), I expect Zcash to become performance competitive.

The post 5 Reasons I am Bullish on Zcash appeared first on Never Stop Marketing.

Decentralized Applications and Lending on the Blockchain

ETHLend is a ”fully decentralised P2P lending platform build on top of the Ethereum Blockchain using Smart Contracts”. So what does this actually mean? That is a great question, so lets break it down.

Decentralization refers to the degree of which power is taken from a central entity and, in case of blockchains, how this power is distributed into a network. In theory this means that there is no single entity that has decision making power, instead the whole network is responsible for the development of the project. This is a completely new paradigm shift, which is going to disrupt many industries and create completely new eco-systems with their own economics.

ETHLend will aim to be as decentralized as possible. This means that we are focused on building our community and not making all the decision by ourselves. Our goal in the long term is to shift our governance from the ETHLend Foundation to the community. In the blockchain space this is known as a DAO, Decentralized Autonomous Organization. This means that we will build in a governance model into the platform that will give our users the possibility to vote on new developments.

P2P, peer to peer, means that all exchanges of value happens directly between two people. In a normal environment, when we exchange value we want to have a 3rd party as a middleman to ensure ”safety and security”. With the blockchain this model becomes obsolete. We call this a trust-less environment, where any two people can transact with each other without trusting each other. The reason for this is that the blockchain will take care of the ”trust” part. We can always trust that the code works the same way and this way we do not need to trust the other party, just the fact that the blockchain will work.

ETHLend is a lending platform. We offer a platform that is accessible through you internet browser (Google Chrome + Metamask plug-in) and where you can request a loan in digital currencies. There are many use cases for this platform. One would be a speculative use case where traders want to increase their liquidity or swap in between tokens e.g. if your getting short squeezed.

But the bigger vision for our platform is to offer a financial service for the 2 billion unbanked people in the world. Especially in places where the government is oppressing people, corruption is present in the governing bodies, using unsuccessful monetary and fiscal policies and creating huge inflation. The list goes on and on… With the help of cryptocurrencies we can transact directly with each other in a democratic and decentralized manner. There’s no need for people to trust their banks and in some countries you most definitely shouldn’t. If we look at the interest rates between developed and developing countries, the differences are huge. Our goal is to offer a global and fair marketplace that gives everyone access to capital. Democratizing lending markets with the help of the blockchain.

The Ethereum blockchain. We’re building on top of the Ethereum blockchain. But we should probably start of by giving some kind of definition of what a blockchain is.

” A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.”

This pretty much summarizes what a blockchain is, but this description is more fitting for Bitcoin. What makes Ethereum different is that we can do Smart Contracts. This is a computer protocol that is specifically designed to facilitate, verify and enforce contracts. Negotiations and performance indicators will be specified in the code and the contract will execute when certain parameters are met.

In our use case we want to put the loan data on these smart contracts and this way ensure a secure and safe lending environment. There’s no involvement from third parties and there’s no way for anyone to ”hack” this system. Our loans are safe and secure by design and also democratic by nature.

This pretty much summarizes what ETHLend is. Stay tuned for updates or check out our social media for more details on the project. Doing lending in a decentralized environment and creating a credit rating or history is a big challenge. Our solution is already working, but this is only the beginning.

Br,
Martin Wichmann, Head of Token Sale, ETHLend

As usual, all insights and exclusive content on Telegram.

To keep track of news and updates, make sure to follow us on our social channels:

Subscribe to ETHLend Token Sale: https://about.ethlend.io/token-sale/

Telegram: https://t.me/ETHLend

White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

Follow us & participate …
Discord (Latest news and voice chats): https://discord.gg/nKjsStv
DAPP Thread: https://bitcointalk.org/index.php?topic=2013399
Telegram General: https://t.me/ETHLend
Telegram Sprechen Sie Deutsch https://t.me/ETHLend_DE
Telegram ¿Hablas español https://t.me/ETHLend_ES
Telegram Parli italiano https://t.me/ETHLend_ITA
Telegram Говорите по-русски https://t.me/ETHLend_RU
Reddit: https://www.reddit.com/r/ETHLend/
Facebook: https://www.facebook.com/ETHLend/
YouTube: https://www.youtube.com/channel/UCZUFYgrvO7xpxzMjijgqWyQ
Twitter: https://twitter.com/ethlend1
Medium https://medium.com/@ethlend1
DTube: http://dtube.video/#!/c/ethlend
Steemit: https://steemit.com/@ethlend
BTCTalk ICO Thread: http://bitcointalk.org/index.php?topic=2090735.0;all
WeChat: @ethlend
KakaoTalk: http://open.kakao.com/o/gBzFr5y
Vkontakte: http://vk.com/ethlend


Decentralized Applications and Lending on the Blockchain was originally published in ETHLend Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Decentralized Applications and Lending on the Blockchain

ETHLend is a ”fully decentralised P2P lending platform build on top of the Ethereum Blockchain using Smart Contracts”. So what does this actually mean? That is a great question, so lets break it down.

Decentralization refers to the degree of which power is taken from a central entity and, in case of blockchains, how this power is distributed into a network. In theory this means that there is no single entity that has decision making power, instead the whole network is responsible for the development of the project. This is a completely new paradigm shift, which is going to disrupt many industries and create completely new eco-systems with their own economics.

ETHLend will aim to be as decentralized as possible. This means that we are focused on building our community and not making all the decision by ourselves. Our goal in the long term is to shift our governance from the ETHLend Foundation to the community. In the blockchain space this is known as a DAO, Decentralized Autonomous Organization. This means that we will build in a governance model into the platform that will give our users the possibility to vote on new developments.

P2P, peer to peer, means that all exchanges of value happens directly between two people. In a normal environment, when we exchange value we want to have a 3rd party as a middleman to ensure ”safety and security”. With the blockchain this model becomes obsolete. We call this a trust-less environment, where any two people can transact with each other without trusting each other. The reason for this is that the blockchain will take care of the ”trust” part. We can always trust that the code works the same way and this way we do not need to trust the other party, just the fact that the blockchain will work.

ETHLend is a lending platform. We offer a platform that is accessible through you internet browser (Google Chrome + Metamask plug-in) and where you can request a loan in digital currencies. There are many use cases for this platform. One would be a speculative use case where traders want to increase their liquidity or swap in between tokens e.g. if your getting short squeezed.

But the bigger vision for our platform is to offer a financial service for the 2 billion unbanked people in the world. Especially in places where the government is oppressing people, corruption is present in the governing bodies, using unsuccessful monetary and fiscal policies and creating huge inflation. The list goes on and on… With the help of cryptocurrencies we can transact directly with each other in a democratic and decentralized manner. There’s no need for people to trust their banks and in some countries you most definitely shouldn’t. If we look at the interest rates between developed and developing countries, the differences are huge. Our goal is to offer a global and fair marketplace that gives everyone access to capital. Democratizing lending markets with the help of the blockchain.

The Ethereum blockchain. We’re building on top of the Ethereum blockchain. But we should probably start of by giving some kind of definition of what a blockchain is.

” A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.”

This pretty much summarizes what a blockchain is, but this description is more fitting for Bitcoin. What makes Ethereum different is that we can do Smart Contracts. This is a computer protocol that is specifically designed to facilitate, verify and enforce contracts. Negotiations and performance indicators will be specified in the code and the contract will execute when certain parameters are met.

In our use case we want to put the loan data on these smart contracts and this way ensure a secure and safe lending environment. There’s no involvement from third parties and there’s no way for anyone to ”hack” this system. Our loans are safe and secure by design and also democratic by nature.

This pretty much summarizes what ETHLend is. Stay tuned for updates or check out our social media for more details on the project. Doing lending in a decentralized environment and creating a credit rating or history is a big challenge. Our solution is already working, but this is only the beginning.

Br,
Martin Wichmann, Head of Token Sale, ETHLend

As usual, all insights and exclusive content on Telegram.

To keep track of news and updates, make sure to follow us on our social channels:

Subscribe to ETHLend Token Sale: https://about.ethlend.io/token-sale/

Telegram: https://t.me/ETHLend

White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

Follow us & participate …
Discord (Latest news and voice chats): https://discord.gg/nKjsStv
DAPP Thread: https://bitcointalk.org/index.php?topic=2013399
Telegram General: https://t.me/ETHLend
Telegram Sprechen Sie Deutsch https://t.me/ETHLend_DE
Telegram ¿Hablas español https://t.me/ETHLend_ES
Telegram Parli italiano https://t.me/ETHLend_ITA
Telegram Говорите по-русски https://t.me/ETHLend_RU
Reddit: https://www.reddit.com/r/ETHLend/
Facebook: https://www.facebook.com/ETHLend/
YouTube: https://www.youtube.com/channel/UCZUFYgrvO7xpxzMjijgqWyQ
Twitter: https://twitter.com/ethlend1
Medium https://medium.com/@ethlend1
DTube: http://dtube.video/#!/c/ethlend
Steemit: https://steemit.com/@ethlend
BTCTalk ICO Thread: http://bitcointalk.org/index.php?topic=2090735.0;all
WeChat: @ethlend
KakaoTalk: http://open.kakao.com/o/gBzFr5y
Vkontakte: http://vk.com/ethlend


Decentralized Applications and Lending on the Blockchain was originally published in ETHLend Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Decentralized Derivatives Association + Radar Relay

Partnering with the Decentralized Derivatives Association (DDA) to bring derivatives to Radar Relay

“We are excited to partner with DDA to expand the token economy to include decentralized derivatives. Working with the DDA team, led by Nicholas Fett, we are confident we’ll provide both the user experience and regulatory strategy necessary to bring this complex financial instrument to the blockchain space.”

-Alan Curtis, Radar Relay CEO

Decentralized Derivatives

DDA uses Ethereum smart contracts to create custom financial products. The Dynamic Rate Cash Transaction (DRCT) token is a delivered forward contract that provides more flexibility in terms of leverage and portability than traditional OTC derivatives. DDA will allow parties to create DRCT tokens which can then be traded using Radar Relay. These tokens act as a leveraged directional product with all of the functionality of an ERC20 token. More information can be found at: www.decentralizedderivatives.org

Derivatives, specifically decentralized derivatives, are a critical piece of networked liquidity because they allow parties to hedge or take directional positions. By creating a mechanism for short term hedging of cryptocurrencies, products such as stable coins, negative tokens, and digital asset portfolio tokens become feasible. In addition, market makers and liquidity providers using the 0x protocol will now have a mechanism for hedging positions, thus creating an entirely new dimension of strategies at their disposal.

Conclusion

Radar Relay and the Decentralized Derivatives Association are bringing custom, disintermediated, and decentralized derivatives to the Ethereum network. These derivatives will enable users to hedge price risk on potentially any asset and create a variety of new instruments and protocols for the continuing maturation of the cryptocurrency ecosystem.

“By partnering with Radar, users will benefit from an incredible front-end UI, battle tested Ethereum experience, and the network liquidity that stems from the preeminent relayer. Our partnership with Radar marks an important milestone for creating a decentralized financial system. Their expertise in decentralized exchange protocols and the phenomenal product that they’ve built will enhance our abilities to launch a robust and liquid product right out of the gate”

-Nicholas Fett, Decentralized Derivatives Association CEO

Radar Beta Update

Introducing our beta API and “No Fee November”.

The last month of testing Radar Relay has gone exceptionally well. We were able to test our scalability and infrastructure under high load with the Request Network token launch and we are ready for higher user volumes. To our community, thank you, we value your time helping us stress test.

The Numbers

Our previous fees were .45% maker and .7% taker, but to both reward the community and stress test the app we are dropping our fees to 0% maker and 0% taker for the rest of the month of November (Midnight UTC-6). These new fees will only be in effect for the month of November. During this time we will be testing the performance of our order books under higher loads due to our new market order type, API, and no fees. After this testing period, we will be reevaluating and putting a competitive fee structure in place.

The Tech

Our beta API is live with an accompanying SDK coming soon. By standardizing around the 0x standard relayer API we’ve taken the first step to making networked liquidity a reality. We encourage other relayers implementing an API to also follow the 0x standard.

Please provide feedback, bug reports, and comments about the API in the #dev channel in our Slack.

Market Maker Program

To learn more about our market maker program please reach out to connor@radarrelay.com

Looking for a Job?

Radar is hiring. If you are interested in joining the team send us an email at jobs@radarrelay.com

Join us on Slack

We have a Slack channel called “#beta” where we will be collecting feedback, bug reports, answering questions, and announcing changes and updates. If you are helping with our beta please join that channel.

Radar Beta Update

Introducing our beta API and “No Fee November”.

The last month of testing Radar Relay has gone exceptionally well. We were able to test our scalability and infrastructure under high load with the Request Network token launch and we are ready for higher user volumes. To our community, thank you, we value your time helping us stress test.

The Numbers

Our previous fees were .45% maker and .7% taker, but to both reward the community and stress test the app we are dropping our fees to 0% maker and 0% taker for the rest of the month of November (Midnight UTC-6). These new fees will only be in effect for the month of November. During this time we will be testing the performance of our order books under higher loads due to our new market order type, API, and no fees. After this testing period, we will be reevaluating and putting a competitive fee structure in place.

The Tech

Our beta API is live with an accompanying SDK coming soon. By standardizing around the 0x standard relayer API we’ve taken the first step to making networked liquidity a reality. We encourage other relayers implementing an API to also follow the 0x standard.

Please provide feedback, bug reports, and comments about the API in the #dev channel in our Slack.

Market Maker Program

To learn more about our market maker program please reach out to connor@radarrelay.com

Looking for a Job?

Radar is hiring. If you are interested in joining the team send us an email at jobs@radarrelay.com

Join us on Slack

We have a Slack channel called “#beta” where we will be collecting feedback, bug reports, answering questions, and announcing changes and updates. If you are helping with our beta please join that channel.

A Universal Resolver for self-sovereign identifiers

On any blockchain or other decentralized system

DIF is introducing a community preview of the Universal Resolver — a core building block of a decentralized identity system. This is a first step in fulfilling DIF’s mission to help individuals and organizations to control their digital identity, without being dependent on any intermediary party.

This tool fulfills a similar purpose as Bind does in the DNS system: resolution of identifiers. However, instead of working with domain names, we work with self-sovereign identifiers that can be created and registered directly by the entities they refer to. This is important, because identifiers are the basis for any identity and communications system — without identifiers, we cannot have relationships, transactions, data sharing or messaging between entities. Historically identifiers have always been assigned to us by some kind of corporate or state authority. The Universal Resolver lets us build architectures and protocols on top of identifiers that are completely self-sovereign. There is no longer a need for a central authority to issue, maintain and revoke identifiers.

However, just having an identifier is not enough. We need some further information in order to know how to communicate with the entity represented by the identifier. The job of a “Resolver” is to discover and retrieve this further information. At a minimum, this information includes elements such as service endpoints for communicating with the entity, as well as the cryptographic keys associated with it. The Universal Resolver performs this task to enable the basic building blocks of a self-sovereign identity world.

The Universal Resolver is directly related to the work that has been done by the Rebooting-the-Web-of-Trust community around a Decentralized Public Key Infrastructure (DPKI) and Decentralized Identifiers (DIDs), which support different “methods” for registering identifiers on decentralized systems such as the Bitcoin blockchain, Sovrin, Ethereum, IPFS, and others. Note that the DID spec is currently undergoing a “hardening” phase, and that the work presented here is an early developers’ implementation meant to encourage the participation of the community and to accelerate the joint development of key decentralized identity primitives.

Extensible Driver Architecture

DIF’s Universal Resolver provides a unified interface which can be used to resolve any kind of decentralized identifier. This enables higher level data formats (such as Verifiable Claims) and protocols (such as DIF’s Hub protocol) to be built on top of the identifier layer, no matter which blockchain or other system has been used to register the identifier. Internally, the Universal Resolver achieves this through an architecture consisting of “drivers” for each supported identifier type. A driver can be easily added via a Docker container, a Java API, or a remote HTTP GET call, as illustrated in the following diagram:

Currently, early versions of the following drivers exist. They will be updated regularly to match the progress of the various specification documents:

  • did:sov, registered on the Sovrin distributed ledger
  • did:btcr, registered on the Bitcoin blockchain
  • did:stack, used by Blockstack (thank you Jude Nelson !)
  • did:uport, used by uPort (thank you Christian Lundqvist !)
  • did:ipid, using IPFS and IPNS (thank you Jonathan Holt !)
  • did:v1, used by Veres One

Drivers can internally function in different ways — some drivers may simply call a remote web service, while others may have direct access to a full node of the blockchain they use. The former option can make the driver usable even on mobile devices, while the latter option provides higher security guarantees for the resolution result.

How can I deploy/use the Universal Resolver?

An easy way to get started on your local machine is to clone the following Github repository, and use docker-compose to build and run the Universal Resolver as well as its drivers:

git clone https://github.com/decentralized-identity/universal-resolver.git
cd universal-resolver/implementations/java/
docker-compose -f docker-compose.yml build
docker-compose -f docker-compose.yml up

You should then be able to resolve identifiers locally using simple curl requests as follows:

curl -X GET http://localhost:8080/1.0/identifiers/did:sov:WRfXPg8dantKVubE3HX8pw
curl -X GET http://localhost:8080/1.0/identifiers/did:btcr:xkrn-xzcr-qqlv-j6sl
curl -X GET http://localhost:8080/1.0/identifiers/did:v1:testnet:5431fafa-a38f-4e37-96b6-cdeb8e5d1d40
curl -X GET http://localhost:8080/1.0/identifiers/did:ipid:QmbFuwbp7yFDTMX6t8HGcEiy3iHhfvng89A19naCYGKEBj
curl -X GET http://localhost:8080/1.0/identifiers/did:uport:2ok9oMAM54TeFMfLb3ZX4i9Qu6x5pcPA7nV
curl -X GET http://localhost:8080/1.0/identifiers/did:stack:v0:16EMaNw3pkn3v6f2BgnSSs53zAKH4Q8YJg-0

The response to these calls will be the DID Document, containing service endpoints and cryptographic keys associated with the entity the DID refers to.

Next Steps

We are now working on the following improvements and additional resources:

  • At the moment, the Universal Resolver simply accepts an identifier as input, and returns the DID Document as a result. In the future, more advanced input options (such as queries for certain services or keys), as well as additional result information (such as “supplementary” details about the resolution process) can be supported.
  • We are working on client libraries in Java, Python, and NodeJS that will make it easy to access an instance of the Universal Resolver remotely (thank you Kyle Den Hartog and James Foley !)
  • We will formulate guidelines and recommendations for the community on how to contribute a new driver for a new type of decentralized identifier.
  • We will integrate the Universal Resolver with our work on Hubs, which allow storing and sharing of personal identity objects and files.
  • And last but not least, we are designing a component that will allow not only resolution, but also registration of decentralized identifiers. We call this the Universal Registrar — stay tuned!

To learn more about DIF’s Universal Resolver, see https://github.com/decentralized-identity/universal-resolver/.

To learn more about DIDs, see https://w3c-ccg.github.io/did-spec/.

To visit DIF, see http://identity.foundation/.


A Universal Resolver for self-sovereign identifiers was originally published in Decentralized Identity Foundation on Medium, where people are continuing the conversation by highlighting and responding to this story.

The blockchain solution for the global dental industry.

| whitepaper | WEBSITE | SLACK | TWITTER | ANN |FACEBOOK |TELEGRAM |BOUNTY

ROAD MAP :

Dentacoin adalah konsep Blockchain pertama yang dirancang untuk Industri Gigi Global. Token Dentacoin ERC20 dikonfigurasi untuk digunakan secara global oleh semua individu. Dentacoin bertujuan untuk meningkatkan perawatan gigi di seluruh dunia dan membuatnya terjangkau melalui kekuatan massa. Banyak alat berbasis Blockchain akan dikembangkan dan diimplementasikan.

Dentacoin sedang mengembangkan sejumlah alat berbasis blockchain, serta memperkenalkan dua konsep yang inovatif gigi klinik, berteknologi maju dan sangat efisien, dikembangkan sebagai model bisnis masa depan untuk industri gigi global. Di antara alat-alat Dentacoin adalah Trusted Ulasan Platform (sudah up-dan-lari), Dentacare Mobile App, DentaVox webapp, Dentacoin Assurance, Platform Perdagangan untuk produk gigi perawatan, bahan dan peralatan dan Database untuk catatan medis.
Semua peralatan telah blockchain fungsi terintegrasi dan dilayani oleh kebiasaan ERC20 token, juga bernama Dentacoin.

Apa Dan Bagaimana Denta Coin :

Trusted Review Platform : Jadilah kekuatan pendorong untuk perubahan.
Platform berbasis Blockchain pertama untuk perawatan gigi terpercaya untuk memungkinkan pasien menaikkan suaranya dan berdampak pada industri gigi global.

Dental Asurance : Pastikan kesehatan gigi Anda.
Konsep asuransi gigi berbasis blockchain revolusioner dimana tanggung jawab untuk kesehatan seseorang dibagi dan minat disesuaikan antara dokter gigi dan pasien.

Healthcare Database : Perlakukan tubuh Anda secara keseluruhan.
Database terdistribusi pasien secara keseluruhan catatan medis dimana data akan sangat terlindungi, dapat diupdate dan diakses secara eksklusif oleh pasien atau oleh dokter gigi, atas izin yang diberikan.

Aftercare Mobile app : Bentuk kebiasaan kesehatan mulut yang lestari.
Sebuah aplikasi aftercare interaktif untuk membantu pasien dalam langkah-langkah yang harus diikuti setelah perawatan, bertujuan untuk mengembangkan kebiasaan higiene mulut yang tahan lama baik pada anak-anak maupun orang dewasa.

DentaVox : Menjawab. Belajar. Dapatkan.
WebApp untuk kebijaksanaan pelanggan kolektif, yang berfungsi sebagai data riset pasar terkini melalui kuesioner dan penghargaan. Dokter gigi dapat memiliki akses terhadap informasi berharga ini dan menerapkan “kebijaksanaan” ini untuk memperbaiki diri.

Trading Platform : Berdagang dengan DCN di seluruh dunia.
Platform Perdagangan yang terdesentralisasi untuk menyediakan produk perawatan gigi, bahan dan peralatan gigi, yang menghubungkan langsung produsen, dokter gigi dan pasien. Tidak ada rantai pasokan yang panjang, tidak ada lagi biaya transaksi internasional yang tinggi.

Dentacoin diperkenalkan pada bulan Februari tahun 2017 dan untuk waktu yang singkat sampai sekarang:
- Distributed lebih 303.000.000.000 koin;
- Menjaga peringkat di atas 100 cryptocurrencies di Coinmarketcap;
- Membeli sebuah perusahaan, seluruhnya dibayar dengan DCN;
- Dilaporkan keberhasilan dalam baru dikembangkan “proof-of-konsep” klinik gigi dengan Blockchain fungsi terintegrasi;
- Dikembangkan dan meluncurkan alat pilot — Dentacoin Trusted Ulasan Platform (dengan pengguna lebih dari 1900 dan 200 praktek gigi terdaftar);
- Apakah diimplementasikan sebagai alat pembayaran di mitra klinik gigi di Eropa;
- Apakah diterima sebagai alat pembayaran oleh teknologi tinggi produsen peralatan gigi;
- Apakah yang terdaftar untuk perdagangan pada beberapa platform pertukaran internasional;
- Berkumpul komunitas lebih dari 40 000 orang di seluruh dunia, menunggu ICO mendatang.

Saat ini ada dua cara untuk mendapatkan Dentacoins. Dapatkan dan Beli.

Dapatkan:

Dengan mendaftar pada alat pertama kami, Trusted Platform Ulasan Sebagai pasien di sebuah klinik mitra, dengan berpartisipasi dalam Pasien Program Loyalitas Program Bounty ICO kami, mengumumkan disini

Membeli:

Dentacoin terdaftar di Coinmarketcap dan bebas diperdagangkan di platform pertukaran internasional berikut: Cryptopia , EtherDelta , Mercatox dan Coinexchange Anda juga dapat membeli Dentacoins pada ICO kami, mulai tanggal 1 Oktober 2017.

Dentacoin ICO: 01.10.2017

MY BITCOINTALK : https://bitcointalk.org/index.php?action=profile;u=964236

The blockchain solution for the global dental industry.

| whitepaper | WEBSITE | SLACK | TWITTER | ANN |FACEBOOK |TELEGRAM |BOUNTY

ROAD MAP :

Dentacoin adalah konsep Blockchain pertama yang dirancang untuk Industri Gigi Global. Token Dentacoin ERC20 dikonfigurasi untuk digunakan secara global oleh semua individu. Dentacoin bertujuan untuk meningkatkan perawatan gigi di seluruh dunia dan membuatnya terjangkau melalui kekuatan massa. Banyak alat berbasis Blockchain akan dikembangkan dan diimplementasikan.

Dentacoin sedang mengembangkan sejumlah alat berbasis blockchain, serta memperkenalkan dua konsep yang inovatif gigi klinik, berteknologi maju dan sangat efisien, dikembangkan sebagai model bisnis masa depan untuk industri gigi global. Di antara alat-alat Dentacoin adalah Trusted Ulasan Platform (sudah up-dan-lari), Dentacare Mobile App, DentaVox webapp, Dentacoin Assurance, Platform Perdagangan untuk produk gigi perawatan, bahan dan peralatan dan Database untuk catatan medis.
Semua peralatan telah blockchain fungsi terintegrasi dan dilayani oleh kebiasaan ERC20 token, juga bernama Dentacoin.

Apa Dan Bagaimana Denta Coin :

Trusted Review Platform : Jadilah kekuatan pendorong untuk perubahan.
Platform berbasis Blockchain pertama untuk perawatan gigi terpercaya untuk memungkinkan pasien menaikkan suaranya dan berdampak pada industri gigi global.

Dental Asurance : Pastikan kesehatan gigi Anda.
Konsep asuransi gigi berbasis blockchain revolusioner dimana tanggung jawab untuk kesehatan seseorang dibagi dan minat disesuaikan antara dokter gigi dan pasien.

Healthcare Database : Perlakukan tubuh Anda secara keseluruhan.
Database terdistribusi pasien secara keseluruhan catatan medis dimana data akan sangat terlindungi, dapat diupdate dan diakses secara eksklusif oleh pasien atau oleh dokter gigi, atas izin yang diberikan.

Aftercare Mobile app : Bentuk kebiasaan kesehatan mulut yang lestari.
Sebuah aplikasi aftercare interaktif untuk membantu pasien dalam langkah-langkah yang harus diikuti setelah perawatan, bertujuan untuk mengembangkan kebiasaan higiene mulut yang tahan lama baik pada anak-anak maupun orang dewasa.

DentaVox : Menjawab. Belajar. Dapatkan.
WebApp untuk kebijaksanaan pelanggan kolektif, yang berfungsi sebagai data riset pasar terkini melalui kuesioner dan penghargaan. Dokter gigi dapat memiliki akses terhadap informasi berharga ini dan menerapkan “kebijaksanaan” ini untuk memperbaiki diri.

Trading Platform : Berdagang dengan DCN di seluruh dunia.
Platform Perdagangan yang terdesentralisasi untuk menyediakan produk perawatan gigi, bahan dan peralatan gigi, yang menghubungkan langsung produsen, dokter gigi dan pasien. Tidak ada rantai pasokan yang panjang, tidak ada lagi biaya transaksi internasional yang tinggi.

Dentacoin diperkenalkan pada bulan Februari tahun 2017 dan untuk waktu yang singkat sampai sekarang:
- Distributed lebih 303.000.000.000 koin;
- Menjaga peringkat di atas 100 cryptocurrencies di Coinmarketcap;
- Membeli sebuah perusahaan, seluruhnya dibayar dengan DCN;
- Dilaporkan keberhasilan dalam baru dikembangkan “proof-of-konsep” klinik gigi dengan Blockchain fungsi terintegrasi;
- Dikembangkan dan meluncurkan alat pilot — Dentacoin Trusted Ulasan Platform (dengan pengguna lebih dari 1900 dan 200 praktek gigi terdaftar);
- Apakah diimplementasikan sebagai alat pembayaran di mitra klinik gigi di Eropa;
- Apakah diterima sebagai alat pembayaran oleh teknologi tinggi produsen peralatan gigi;
- Apakah yang terdaftar untuk perdagangan pada beberapa platform pertukaran internasional;
- Berkumpul komunitas lebih dari 40 000 orang di seluruh dunia, menunggu ICO mendatang.

Saat ini ada dua cara untuk mendapatkan Dentacoins. Dapatkan dan Beli.

Dapatkan:

Dengan mendaftar pada alat pertama kami, Trusted Platform Ulasan Sebagai pasien di sebuah klinik mitra, dengan berpartisipasi dalam Pasien Program Loyalitas Program Bounty ICO kami, mengumumkan disini

Membeli:

Dentacoin terdaftar di Coinmarketcap dan bebas diperdagangkan di platform pertukaran internasional berikut: Cryptopia , EtherDelta , Mercatox dan Coinexchange Anda juga dapat membeli Dentacoins pada ICO kami, mulai tanggal 1 Oktober 2017.

Dentacoin ICO: 01.10.2017

MY BITCOINTALK : https://bitcointalk.org/index.php?action=profile;u=964236

Introducing the Title Token Standard and Use Cases for Hyper-transparency on the Blockchain

Imagine a world where your charitable donations provably make a difference. A world where a charity runs with minimal overhead. A world where the path of every single donation is publicly visible from the moment it is given, to the moment it is spent by the boots on the ground making a difference, no matter how many intermediary organizations it moved through to get there. Using blockchain technology we can build a decentralized autonomous charity that can accept donations in any currency, hold onto its funds in a non-volatile form and deploy them globally within seconds while maintaining complete transparency of individual donations.

The above is just one use case of the concept of hyper-transparent tokens I describe below. I recently had the privilege to be one of the 400 or so developers to attend ETHWaterloo, the largest ethereum hackathon in the world where our team prototyped the idea of individually traceable tokens. For 36 hours, our team — Matt Lockyer, Leo Bauza, Michaelangelo Yambao, and I put together a proof of concept of a transparency feature for the Decentralized Autonomous Charity (the DAC) which we ended up branding “Title Tokens.”

Hyper-Transparency

There is a misconception about cryptocurrencies being anonymous and untraceable, yet in most cases, this is far from the truth. One of the features of blockchains is that they are public ledgers, meaning that all transactions can be seen and tracked by anyone. And while this feature allows us to see all of the transactions ever made, it doesn’t allow us to track individual “coins” or “tokens” because these don’t actually exist on the Ethereum blockchain. The tokens are entirely fungible (completely interchangeable for one another) and the blockchain keeps track of spent and unspent balances rather than individual tokens. That is, unlike say cash or bars of gold which carry serial numbers and can technically (albeit with difficulty) be individually traced, we cannot currently do this on the Ethereum blockchain.

When a large number of transactions enter a pool of funds (such as a charity) and then exit as the funds are distributed to individual projects, we lose track of whose money went where. Being able to see transactions is thus not quite good enough, we want to track a donation (the exact donation) down a chain of transactions connecting the donor to the exact good the donation is used for. Enter our concept of a Title Token. Each title token minted keeps track of its history on the blockchain by making use of Ethereum’s event logs, a title token always keeps track of its originator (the donor). The donor can log onto an app and see everywhere her donation has gone.

At first sight, this might appear to you as an unnecessary complexity in the system or even a gimmick. After all, we can already trace all the transactions and see where funds end up, at least proportionately. But we think creating this level of transparency would make donors feel more comfortable about giving. Research shows that people receive more satisfaction from giving that has a personal connection, rather than sending money to a charity’s bank account. Seeing that your particular donation ended up buying one hospital bed for a particular hospital, a meal or clothes for a particular refugee camp, or malaria medication for a particular village would bring a personalized aspect to your donation.

Use Cases

Let’s not stop here, the applications and use cases of a hyper-transparent token go far beyond charitable giving:

  • Foundations, governments, universities and other non-profit and research organizations that provide grant funding and stipulate conditions could easily see exactly what their money is being used for and that it satisfies their conditions.
  • Tax payments could be tokenized via our Title Token standard, bringing a never before seen level of transparency to government spending. You could see exactly where your money ends up. Down to the last cent.
  • Title Tokens could be issued for individual items in a supply chain, keeping track of the entire record from manufacture to consumption as millions of items enter and exit factories and warehouses.

Title Token Standard

That is why we propose developing the Serializable Title Token standard as an alternative to the the current ERC20 token standard. We by no means want to see this Title Token standard used by everyone for everything. Privacy has its place on the blockchain and there are valid reasons for why we would want certain communications and transactions to be anonymous and untraceable. Our Title Token Standard fulfills a niche where an extreme level of transparency is preferable. Such as charitable giving or government spending.

Visualization of Title Token splits as donations make their way from the DAC fund to a final project

Wrapping up

I had never been to a hackathon this large before and ETHWaterloo set the bar very high. The organizers and volunteers did a superb job of making sure our 36 hours of hacking went flawlessly. Our team did an awesome job putting a prototype together and it felt fantastic to receive validation for our project in the form of an API prize from the MakerDAO team for our implementation of their Sai stable coin. For our implementation of the DAC and more technical details, please see our devpost entry and check out or contribute to our early prototype of “The DAC” on GitHub.

I am looking forward to continuing my research into decentralized governance systems and reputation systems in order to keep building onto the idea of a hyper-transparent, decentralized, global, autonomous charity.

CLOUT​ ​Advances​ ​their​ ​ICO​ ​to​ ​November​ ​17th

October​ ​21,​ ​2017​ ​-​ ​https://clout.io

The CLOUT team has been making phenomenal advances in their pre-ico timeline, bringing on high end advisors, designing a new and more functional webpage, an upgraded security ICO cabinet, as well as creating the fully functional alpha demo to present to the public. As team CLOUT’s internal team is continuing to innovate more functionality and benefits to add to the platform, the timeline for the Alpha demo has lengthened from it’s previous date. November 17th is now a much more conducive launch date, allowing investors to experience a fully​ ​working​ ​demo​ ​before​ ​investing.

Because of the advancement of the ICO to November 17th, the PRE-ICO for CLOUT will​ ​ ​be​ ​extended​ ​as​ ​well.

Team CLOUT is excited about this change of date, as it will provide the developers ample time to code the fully working demo that has been envisioned. It will also give our team of new advisors and advocates ample time to spread the CLOUT vision across their networks as well as the conferences they will be attending and speaking​ ​at​ ​in​ ​the​ ​near​ ​future.

Thanks​ ​to​ ​you,​ ​our​ ​community​ ​for​ ​your​ ​continued​ ​support.

Any questions can be directed to the team on slack at : www.cloutnetwork.slack.com

CLOUT​ ​Advances​ ​their​ ​ICO​ ​to​ ​November​ ​17th

October​ ​21,​ ​2017​ ​-​ ​https://clout.io

The CLOUT team has been making phenomenal advances in their pre-ico timeline, bringing on high end advisors, designing a new and more functional webpage, an upgraded security ICO cabinet, as well as creating the fully functional alpha demo to present to the public. As team CLOUT’s internal team is continuing to innovate more functionality and benefits to add to the platform, the timeline for the Alpha demo has lengthened from it’s previous date. November 17th is now a much more conducive launch date, allowing investors to experience a fully​ ​working​ ​demo​ ​before​ ​investing.

Because of the advancement of the ICO to November 17th, the PRE-ICO for CLOUT will​ ​ ​be​ ​extended​ ​as​ ​well.

Team CLOUT is excited about this change of date, as it will provide the developers ample time to code the fully working demo that has been envisioned. It will also give our team of new advisors and advocates ample time to spread the CLOUT vision across their networks as well as the conferences they will be attending and speaking​ ​at​ ​in​ ​the​ ​near​ ​future.

Thanks​ ​to​ ​you,​ ​our​ ​community​ ​for​ ​your​ ​continued​ ​support.

Any questions can be directed to the team on slack at : www.cloutnetwork.slack.com

Matryx Partners with Airbitz so VR Users Maintain Control and Secure Digital Assets

Matryx and Airbitz team up

San Diego — Matryx (https://matryx.ai.) and Airbitz are teaming up to bridge the gap between virtual reality and blockchain-based identity.

Bitcoin wallet platform Airbitz has partnered with Matryx, a platform for decentralized collaboration, in order to increase the latter’s usability and security. Integrating Airbitz SDK applications into virtual reality allows for a more streamlined blockchain experience in VR. Matryx will leverage the Airbitz Edge Security SDK for security and privacy.

“In an ideal world, users wouldn’t have to remove the VR headset to communicate with a blockchain platform,” says Edgardo Leija, Matryx Co-Founder. “Airbitz’s integration into VR products is essential to improving our user experiences.” The end goal is safe and comfortable user experience.

“We believe users should be in control of their own assets and effectively manage their own private keys,” says Matryx CEO Steve McCloskey. “Through our partnership with Airbitz we are adding value to our customers by offering a secure and reliable private key management system while they interact with the Matryx platform.”

Matryx facilitates collaboration within the STEM fields. (science, technology, engineering and math) A key aspect to this is increased collaboration. Matryx believes the way to do this is by incentivizing contributions to projects and research with rewards.

Edge Security will allow Matryx platform users to sign in to the platform with a username and password, and automatically encrypt the data client-side and create backup private keys. Neither Airbitz nor Matryx will have access to user’s keys or private information.

“Airbitz is excited to partner with organizations like Matryx to bring zero-knowledge security solutions to its users,” said Paul Puey, CEO of Airbitz. “Projects like Matryx are the first glimpse into how blockchains will be used as tools to do many things in a new way. They have an excellent team with a proven track record delivering products to market.”

Other applications using Airbitz Edge Security include the decentralized prediction market Augur, the DAO management platform Wings.ai, and Cashaa, the blockchain remittance platform.

“The Airbitz SDK decentralizes security while keeping data in the hands of end users,” stated Puey. “The six pillar platform known as Edge Security secures data with blockchain-inspired technology to provide high security standards in an easy to use app. The Airbitz SDK locally encrypts data on end user devices, synchronizes it across devices, provides automatic, encrypted backups, and enables one-touch Two Factor Authentication. The platform is zero knowledge meaning that even Airbitz doesn’t have access to user data. While best known for their bitcoin mobile app, Airbitz applies the same techniques to allow for several types of data to be secured on end user devices.”

This initiative with the innovative Airbitz allows Matryx to accentuate a key aspect of blockchain technology: decentralization. Users on the Matryx platform can rest assured that neither Airbitz nor Matryx controls their private keys. They do. And they do so in the Metaverse. By confirming their identity with the Airbitz SDK on Matryx, VR users can bring their cryptocurrencies and ERC20 tokens with them into a virtual shared space.

About Matryx

Matryx aims to incentivize collaboration in fields of knowledge and creation like science, technology, engineering, and mathematics (STEM). The open source platform consists of a bounty system, a library of digital assets, and a marketplace. Matryx will create a de facto standard for incentivized collaboration on top of the Ethereum blockchain using the ERC20 token MTX. Matryx is a product of Nanome Inc., creator of virtual reality software for scientific research and development. The Nanome software suite includes Calcflow, the industry-leading VR mathematics toolkit, nano-one, a VR interface for nanoscale design and simulation and Matryx. For more information, please visit https://matryx.ai.

O lastro moral que a comunidade blockchain tem, e sempre deve ter

Este artigo é uma resposta direta ao artigo de Allex Ferreira “A hipocrisia do manifesto tabajara da ‘comunidade’ brasileira de Bitcoin”, criticando a posição de Fernando Ulrich, na qual poderia ter sido um bom artigo relevante se tivesse se limitado a criticar o fato do Fernando “falar pela comunidade brasileira”.

Mas a crítica ficou extremamente rasa, por diversos motivos, o primeiro deles é que o Fernando está certo, o segwit2x é uma ameaça à resistência de censura e descentralização do bitcoin, os princípios disso eu explicarei na conclusão do artigo, o segundo fato é que o Fernando tem propriedade e respeito pra falar pela comunidade Brasileira sim, ele é um grande entusiasta da tecnologia e também tem opiniões muito coerentes na qual ganhou respeito da comunidade durante o tempo, isso não significa que ele está blindado à criticas, porém a crítica tem que ser relevante e com uma argumentação mínima.

Na sequência foi feita uma crítica ao debate “ideológico” na qual se diz respeito ao segwit2x, e isso foi a sentença de um artigo vergonhoso, ora, o Bitcoin e a comunidade blockchain nasceram de uma filosofia criptoanarquista, da decentralização, de uma tecnologia a prova de censura, fora do alcance de burocratas, reguladores e corporativistas, o bitcoin e todo ecossistema blockchain que foi formado e está se formando tem um lastro e sempre deve haver nessa filosofia de desburocratização, descentralização e privacidade.

E é claro que essa filosofia anarquista que já está se provando na prática está incomodando muita gente grande, e é natural que eles irão querer destruir isso de qualquer forma, proibir e reprimir o uso do bitcoin neste momento ainda está fora de cogitação, pois poderia gerar um efeito contrário, o que eles vão procurar fazer é envenenar o sistema por dentro, matando a filosofia anárquica e desregulamentada, e se perdemos esse lastro e não debatermos essas questões, corremos o risco de viveremos na distopia de pessoas ligadas à diretoria da Mastercard e de banqueiros estarem comandando centralmente o Bitcoin que está prestes a acontecer no dia 18 de novembro, e eles tem recursos e motivação para fazer isso.

Se esse tipo de assunto não for pra ser colocado em pauta, devemos abandonar tudo e pedir pro banco central criar uma moeda digital e o governo tome as decisões por nós, logo.

Em determinado momento ele argumenta que tratamos o Bitcoin Gold como “amiguinho”, eu nem consigo responder a isso porque sinceramente eu não sei onde ele retirou essa informação, mas caso achem que alguém defende esse hardfork pelo fato dele não ser tão falado ou polêmico quanto ao segwit2x, é muito simples, pelo mesmo motivo que Bitcoin Gold se chama Bitcoin Gold e segwit2x não ter nem nome, o fork de 25 de Outubro se propõe a ser um Fork, se será uma shitcoin eu não sei, mas somente do fato de estarem tratando como um hardfork verdadeiro, com web-site novo, novo nome, nova sigla etc. Já é um hardfok muito mais sincero e pouco nocivo pra comunidade Bitcoin, já o segwit2x estão tratando como uma atualização qualquer vai causar incompatibilidade com os blocos, mas não estão se importando eles querem atualizar abruptamente, some isso a diversos agravantes sobre essa atualização que já foram citados pelo Fernando e nas denúncias feitas nos fóruns e no Reddit.

O Bitcoin e aplocações blockchain devem ter SEMPRE essa filosofia em pauta, se algum dia não dermos importância a isso é o dia em que estaremos fadados a sermos controlados por burocratas e possivelmente sermos sabotados.