Category Archives: decentralization

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.

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.

Privacy on the blockchain

Privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system… An anonymous system empowers individuals to reveal their identity when desired and only when desired.
— Eric Hughes, 1993
Co-founder of the cypherpunk movement, UC Berkeley mathematician
Financial matters are often ill-suited for public attention

Background

There’s a popular misconception that Bitcoin is anonymous and untraceable. It’s an understandable mistake given Bitcoin’s first popular use case was the infamous Silk Road — a market known for dealing in illicit substances. The truth is that Bitcoin is pseudonymous and fully traceable. In fact, every transaction in Bitcoin maps inputs to outputs, allowing anyone to follow the money trivially.

Satoshi even went so far as defining a bitcoin — literally — as a history of its custody:

We define an electronic coin as a chain of digital signatures.
— Satoshi Nakamoto, 2009

Bitcoin’s transactions are tracked as a graph that resides on the blockchain permanently. If someone learns of information that links your identity to your bitcoin address, they can learn a ton about you. It’s possible to infer your spending patterns (where you spend, how much, how often), your wealth and income, whom you associate with. How do you feel knowing those whom you transact with may be able to learn so many personal facts about you?

There are countless ways that identities can be linked to a wallet address. Some people share their address publicly. The exchange you bought your bitcoin from has both your identity and your addresses. Merchants you pay can make the association. Two companies, Elliptic and Chainalysis, are in the business of linking identities to addresses, and compiling all their insights into commercialized databases that track all bitcoin activity in an effort to de-anonymize Bitcoin.

So what? I’ve done nothing wrong

It’s easy to fall into the trap of thinking that you, presumably a law abiding citizen, have nothing to gain from privacy. There’s a few problems with this line of thinking:

First, the government isn’t the only entity out there trying to snoop on you. Savory attackers are also collecting as much information as they can to identify marks. Second, your government may be fine and trustworthy, but many governments in the world are not. Financial tools are needed to help citizens of these nations express their financial self sovereignty and find financial inclusion. Third, a lack of privacy actually has a chilling effect on a monetary system. It can even destroy the money.

Fungibility

Money — at a minimum — must be scarce, divisible, transferrable and fungible. Fungibility is a fancy way of saying all units are worth the same amount. If you have a ten dollar bill and I swap it out for another ten dollar bill, you don’t mind. They have the same value, and thus ten dollar bills are considered fungible.

Fungibility is dependent on money carrying no history. If cash could speak, suddenly a bank note that was received from selling drugs or stolen goods would carry extra risk. This risk would cause that note to be worth less, breaking fungibility. Please note that this is a problem not only for criminals, but also for innocent individuals and merchants who are accepting payment. Suddenly, they’re responsible for doing diligence on incoming payments to ensure they won’t be looked at funny, or worse — called in for questioning by law enforcement— when it comes time to spend their money.

Recall that a bitcoin is defined literally as its chain of custody. Each and every bitcoin has a fully transparent history recorded on the blockchain. Many are now in the business of understanding the flow of the bitcoin stock. Requiring everyone to check various lists adds significant friction, damaging bitcoin’s utility. Breaking fungibility has a chilling effect on bitcoin acceptance, and it’s not a theoretical threat.

Remedies

Financial privacy means being able to transact without revealing or leaking identifying information. The goal is to make it as difficult as possible for others to profile your crypto use. Privacy puts the user in charge of their data. They can remain compliant by selectively revealing themselves without revealing their activity to the entire world.

When making a payment, it’s of course impossible to avoid creating observable information. At a minimum, the recipient must be able to confirm the funds are now theirs. It is however possible to limit how much information is created, how identifying it is, how long the information lives, how far it spreads, and who has the ability to interpret this information.

It’s important to note that following are just a sampling of efforts to improve privacy on the blockchain. More technologies are being proposed and developed all the time.

Bitcoin

Today, most bitcoin wallets and users are atrocious at privacy. The following are common and damaging for privacy:

  • Wallet address re-use, linking your transactions together into a single profile. Note: Ethereum is designed to encourage this behavior.
  • IP address re-use, hinting to the world that a single party — you — controls various addresses.
  • Combining inputs from multiple transactions, revealing the contours of addresses you control.
  • Using lite clients, effectively revealing to a third party your full set of addresses.

Using bitcoin privately is an expert level undertaking, and an uphill battle. Each bitcoin’s history is permanently etched in a transparent ledger. Therefore, even if the tools to de-anonymize don’t exist now, they can be developed and deployed later — publicizing previously thought private activity. However, that doesn’t mean broken fungibility will doom bitcoin as a medium of exchange.

Many schemes have been devised to erase a bitcoin’s history — restoring privacy and preserving fungibility.

Existing

  • CoinJoin offers the ability to join transactions together creating ambiguity about who is paying whom. JoinMarket takes it a step further and commercializes this process on a decentralized market place. CoinJoin violates clustering heuristics used by blockchain analytics companies to identify wallets, creating a modicum of plausible deniability for ordinary bitcoin users. One drawback is that these technologies are interactive, requiring all participants be online.
  • Commercial mixers (offshore altcoin exchanges can serve the same purpose) can be used to exchange bitcoins tied to your identity for ones that are not. One weakness with this approach is that it requires trust in the entity performing the mixing. The mixer can steal your funds and they also may keep logs that link your transaction history. These entities are also heavily targeted by governments and could even be honey pots.

Proposed

  • Confidential Transactions is a scheme invented by Gregory Maxwell for hiding the transaction amounts. It uses incredible math called homomorphic encryption along with range proofs to completely obscure transaction amounts while still verifying that no coins are created out of thin air. This improves privacy by preventing others from learning your account balances and also prevents analysts from tracing funds based on amounts. By hiding the amounts, it greatly strengthens transactions using CoinJoin.
  • TumbleBit improves on existing mixers by preventing the mixer itself from being able to link the payer and payee. It accomplishes this in a way that does not require trusting the mixer.
  • Schnorr Signature Aggregation + CoinJoin takes CoinJoin to the next level by providing an economic incentive to participate. Wider adoption improves the privacy benefits for everyone. Schnorr signatures allow a fixed size signature to authorize an arbitrary number of inputs. When users combine their transactions, they’ll not only gain privacy, but also shrink the size of their transactions, reducing fees.
  • Lightning Network is a payment layer built on top of bitcoin. It’s essentially write caching and aids in privacy by preventing many transaction details from ever reaching the blockchain, limiting the scope of who’s able to observe them. Payments are aggregated off chain and details are learned only by people directly involved.

DASH

DASH is a fork of Bitcoin that was originally called Darkcoin. It was pitched as a more anonymous version of Bitcoin. DASH uses incentivized nodes called masternodes to operate the CoinJoin protocol at the protocol level. One weakness in this approach is that the masternodes are able to trace funds, and many believe that law enforcement are running honeypot masternodes.

Since the privacy features are weaker than other coins and Darkcoin sounded a bit nefarious, the coin was rebranded to DASH which stands for Digital Cash. It remains an interesting coin thanks to its better than nothing privacy and its efforts to become the easiest to use cryptocurrency in the world.

ZCash

ZCash offers privacy through a scheme using a technology called Zero Knowledge Succinct ARguments of Knowledge, or zk-SNARKs. A zk-SNARK is a proof that something is true without revealing anything (zero knowledge) about what specifically makes it true.

This scheme, called Zerocash, was first proposed for Bitcoin. The basic idea is that rather than publishing the transaction graph transparently on the blockchain, we instead give each coin a serial number and deposit it into a pool with many other coins. When it comes time to spend, we prove ownership of our coin with a zk-SNARK without revealing which one. It’s a theoretically perfect global mixer.

Bitcoin protocol development remains quite conservative, and ambitions to incorporate Zerocash into Bitcoin have been largely abandoned. ZCash is the first production use of this technology, and continues to be a promising experiment.

Monero

Monero is a fork of the CryptoNote protocol. The protocol aims to achieve privacy through a its use of traceable ring signatures, stealth addresses, and most recently an adaptation of Confidential Transactions called RingCT.

Monero obfuscates the transaction graph through ring signatures. When a payment is made, a passive (can be done offline) form of mixing is used to combine the input being spent with decoy inputs. A ring signature proves one of the inputs is controlled by the user, but the real input and decoy inputs are indistinguishable without further information. To prevent double spending an input, the ring signature also emits a key image that is unique to the input being spent, without revealing which input. This set of key images must be retained forever making Monero a bit more difficult to scale than other protocols.

Stealth addresses are random single use addresses that prevent users from being able to identify who the recipient is or whether any two given payments are being sent to the same recipient. The newest tool in Monero’s arsenal, RingCT takes the Monero to the next level by concealing the amounts and allowing spenders to mix with inputs of any denomination.

Conclusion

Hiding one’s financial affairs from a motivated nation-state will likely be out of reach for all but the most careful and skilled. However, hiding one’s affairs from the average cashier at the local corner store should be possible, and my preference is that it is easy and handled for the user by default.

Privacy and fungibility are inextricably linked and needed for a frictionless and sound money system. Privacy is not binary, but rather a smooth continuum and a protracted arms race between privacy seekers and destroyers. Over the next decade, it should be fascinating to watch this story unfold.

Thanks to Adam Back and Linda Xie for reviewing drafts of this post.

CITY OF ANGELS BEGIN COLLECTIVE NODE IN DECENTRALIZED ECOSYSTEM WITH BLOCKCHAIN DEVELOPMENT

Brock Pierce conveyed the introductory statements for Block-Con LA by expressing “blockchain has made it conceivable to profit all the more effortlessly by building open-source extends without anyone else than it is to work towards expanding another person’s main concern.” And he obviously was by all account not the only participant at the tradition who perceived this potential. A huge number of blockchain aficionados speaking to many open-source blockchain ventures stirred through Santa Monica’s Museum of Flying October 10–11. For all intents and purposes each prominent blockchain gather went to the occasion, which included speakers from entrepreneurial aggregates, for example, Adam Draper of Boost VC and Rouven Heck of ConsenSys, trend-setters, for example, Hudson Jameson of Oaken Innovations and Brian Hoffman of OpenBazaar, and achieved business bolster experts, for example, blockchain specialist Tone Vays and holy messenger financial specialist Jason Calacanis.

One inquiry rose all through the huge scale blockchain occasion in the west drift’s biggest city: is blockchain beginning to advance past it’s “anything goes,” Wild West stage? Numerous speakers emphasized a careful arrangement of comparable principles and rules, which may demonstrate that industry measures are conforming to a portion of the innovation’s more disputable highlights. For instance, Vinny Lingham, of character check stage Civic, cautioned against putting resources into any token offering that promoted an ensured benefit or return crosswise over stages, for example, CoinMarketCap, Facebook, or reddit, a point that was generally welcomed by the crowd. In his discourse, Blockchain Lab’s Ismail Malik underlined the significance for each task to show a straightforward, well-thoroughly considered guide for its future improvement, which gives a standard by which to consider a group responsible for its encouraging and gives an arrangement of comparative data that speculators can use to think about undertakings and their potential future rates of profitability. Lawyer Nancy Wojtas of Cooley LLP cautioned that nobody should offer or partake in a pre-token offering made accessible to the overall population before an undertaking has conveyed a base feasible item in a publicly released design. These conclusions reverberated through discussions at the occasion, as business people and speculators tested each other while pitching their thoughts for how to use token offering innovation. This exhibited an accord is conforming to the reception of those norms among the group on the loose.

One of Block-Con’s most fascinating wonders came as coordinated effort that occurred far from the occasion through and through. The occasion’s legitimate after gathering was gigantically mainstream, giving an environment to groups to easily blend in a less formal setting while all the while filling in as a hotbed for venture bargains, organization assentions, and lively karaoke. It will energize to perceive what shows from these sorts of encounters where people enter as outsiders and leave as family, prepared to team up and defeat the future’s obscure obstructions.

The occasion featured the decentralized idea of the blockchain environment as showed by the participation of people from the nation over and even the globe. Numerous participants likewise commended a bigger female nearness at Block-Con than other blockchain occasions, maybe connoting headway towards sexual orientation uniformity all through our group. The future looks brilliant from Los Angeles, as we as a whole foresee the advance that will be shown at one year from now’s Block-Con.

Po.et Development Update — October 12th, 2017

An open, shared, universal ledger designed to track metadata ownership for digital creative assets

Hey everyone! As many of you probably already know, a large part of the Po.et development team (including myself) is located in Argentina. Buenos Aires has a bounty of talented blockchain developers and it’s awesome to have a strong community to work with and bounce ideas off of. We’re currently working out of the Po.et headquarters in Nashville, TN.

I came over to Nashville to connect with the rest of the team, and I have to say that we’re more proud of the platform’s evolution than ever. We’re actively discussing our product strategy for the next 6–12 months, exciting times ahead!

Closed Issues
These are the tasks we’ve finished since our last update.

#321—This pull request introduces a few fixes and overall improvements to the platform:

  • The ability to log all queries. This can be set in the configuration files for each service separately, via the db.driver.logging attribute.
  • Trusted Publisher’s docker image is now configured to map the port 3001, which we’re using to communicate to a custom Insight server.
  • Errors in Bitcoin Scanner that occur when reading a Bitcoin block are now logged properly
  • A bug with Bitcoin Scanner’s minimumHeight was fixed. This code was also made much more readable, and optimized to reduce the start-up time of this service.
  • A default value for minimumHeight was set in code, which makes it optional in the configuration file.

84a03aa—Introduces a Typescript linting configuration. This sets explicit rules to what Po.et’s code should look like, and also allows us to automatically fix past errors.

#326, #327, #328—This pull request introduces the ability to provide different json configuration files to our frontend, and enable it to work with Netlify.

#317—This pull request introduces the ability to debug the Po.et Node’s code, line-by-line. It also starts moving the platform away from ts-node, which although a great tool, has proven to be unreliable in some cases and introduces an extra layer of complexity.

Open Issues
These are the tasks we’re currently working on.

We’re currently moving our frontend to Netlify, which has proven to be an excellent service. This will greatly simplify our workflow and automatically improve our deployment pipeline for the frontend. You can see this working at http://poetapp.netlify.com/ — this URL will always show the latests changes. We were also able to cheaply create testing and staging environments for the frontend.

For Po.et to function in Netlify, we first need to stop requiring the frontend’s devServer for things to function properly (see web#9). Part of the solution to this problem is moving the Badge’s logic (see poet#261), which we’re tackling right now.

Moving the badges away from the frontend and to the backend will require changing the badge’s URL. We’ll do this transition slowly, giving our Alpha Partners time to update their badges.

On the integrations end, some progress has been made with Wordpress and Drupal’s plugins. While working on them we realized the Po.et protocol can be challenging to new developers, so we’re discussing ideas to offer simplified versions of the protocol through new APIs / interfaces.

That’s all for now guys. Take care and stay tuned!

Hiring

We’re actively looking for talented developers. If you like the project and feel you can contribute, reach out to us at contact [at] po.et.

Join us on Discord!: https://discord.gg/7G2kXmY

Join us on Telegram!: https://t.me/joinchat/GKMQ1kOQSdXVZpN1Rygcdw

Follow us on Twitter!: https://twitter.com/_poetproject

We’re hiring!: https://angel.co/po-et

Visit our Website!: https://po.et/

Check out our GitHub!: https://github.com/poetapp


Po.et Development Update — October 12th, 2017 was originally published in Poet Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

TaaS Joins BLOCKv, the World’s First User Interface for Blockchain Tokens

October 10, 2017 – Kyiv, Ukraine – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announced to become new prestigious contributor of BLOCKv, creators of the world’s first “user interface” layer for blockchain- based tokens. The contributions come just before BLOCKv’s Token Generation Event (TGE) on October 12, when BLOCKv will release a network token, ‘VEE,’ with a target of $40 million in participations.

“The recent participation from TaaS and Blockchain Capital is a testament to the future vision of our company and technology platform, which we believe will accelerate the consumerization and commercialization of blockchain technology,” said Reeve Collins, CEO at BLOCKv. “TaaS and Blockchain Capital are extraordinarily well-connected within the blockchain community, and their support will unlock doors to future potential partnerships.”

BLOCKv has created a blockchain-based development platform that enables the creation of smart, secure and dynamic virtual objects called vAtoms. The platform promises to usher in the next generation digital goods economy through the creation of a user interface layer that mitigates the complexity of blockchain development to unlock exponential growth. As sharable digital goods become more ingrained in the lives of consumers, BLOCKv technology provides an unprecedented opportunity for brands, marketers and developers to engage with and build stronger relationships with consumers.

Ruslan Gavrilyuk, president of TaaS, said,“We were very impressed with BLOCKv’s platform and concept around the vAtom, these smart, dynamic digital objects on blockchains, and see great potential in the numerous consumer and business applications that could be built on the platform. We believe that BLOCKv has created something revolutionary and we are excited to be involved with the company at this critical stage of its development.”
Ruslan Gavrilyk, President and Co-Founder of TaaS, and Mike Costache, Co-Chair of d10e Conference, awarding BLOCKv represented by Reeve Collins with 33 BTC at the d10e Blockchain Pitch Competition.

The company recently received the highest grade at the blockchain pitch competition at the 9th edition of the d10e Conference, the leading conference on decentralization exploring the future of FinTech, Token Sales, Blockchain, Sharing Economy, Future of Work and Disruptive Cultures. The grade was based on numerous factors including such elements as its business model, team, token structure, business materials, milestones and roadmap.

About BLOCKv

Headquartered in Zug, Switzerland, BLOCKv provides a development platform and community for the creation and distribution of dynamic, intelligent, experiential digital objects called vAtoms that bridge the gap between digital and physical worlds. Built on secure blockchain technologies, BLOCKv’s ‘smart’ digital objects work on any digital platform, are obtainable anywhere, store actual transactional value and are immune to fraud. When combined with the power and name-recognition of major brands, vAtoms have the power to transform the landscape of physical, digital and social advertising, micro-transacting, ticketing, gifting, coupons, promotions, and more.

DK The Human Joins Stream as an Advisor, Talks Future of Creation in New Video

DK the Human (aka Dan Kang) recently hung out with the Stream team to get to know the platform and share with his viewers how Stream can help them make more money off their videos. In the video DK met with Stream founders Ben Yu, Greg Kufera and Simar Mangat. DK explains how Stream is building a platform that cuts out the middle man to help creators make more money off their videos. You can check out the video below or on Facebook:

Right now DK isn’t making any money off his videos, but knows that someday he’ll need to if he wants to make videos for a living. He understands the freedom from centralized constraints that Stream will bring to creators, saying in his Facebook post,

Above all else, I value my independence as a creator. I want to be able to talk about any topic, no matter how controversial, and share my thoughts, no matter how unpopular. That means I want to minimize the influences in my life that could limit my independence.

This is what Stream is focused on, giving creators a greater sense of freedom by building a decentralized payment system wrapped around existing creation platforms. The solutions that Stream will offer will change how creators collect, earn and maintain their revenue streams (more information about our vision can be read here). As fans, we will pay for the content we love while creators get to rely on their fanbase to support them, which is the way it works for most artists. We buy books, we subscribe to music services — why not livestreamers and video creators as well?

With that in mind Stream is pleased to bring on DK as an advisory role, with a shared vision for the future of video creation and the future of payments for creators. Like the team at Stream, DK believes that online video creation should be funded in part by the audience that consumes the videos, because that’s just a future in which we all play a part in the content that is being created and consumed.

I think the best business model for creators who want to maintain their independence is to be funded directly by their fans though things like donations, merchandise, paid content, etc. That way, they can focus on making the content they want and the content that their fans enjoy, without worrying about upsetting advertisers. Over time, I want to grow my audience to the point where I can live solely off viewer contributions. That’s my dream scenario, and I hope that companies like Patreon and Stream will help change our mindsets around content and get more people to directly support creators they enjoy. To make that a reality, I’m joining Stream as an advisor to help them try out different ideas and give them feedback. I want to help creators like me make a living without having to run ads on their videos or compromise their integrity.

We at Stream welcome DK’s feedback, hopefully in video form and we promise not to always pay you with a handful of pennies. Sometimes there will be snacks.

Stay in touch with us through:


DK The Human Joins Stream as an Advisor, Talks Future of Creation in New Video was originally published in StreamToken on Medium, where people are continuing the conversation by highlighting and responding to this story.

8 Thoughts On Blockchain, Cryptocurrency & Decentralization After Another Three Months Down The…

8 Thoughts On Blockchain, Cryptocurrency & Decentralization After Another Three Months Down The Rabbit Hole

Everyone’s ADD, including me. I get attracted by shiny objects. I first noticed Bitcoin as a shiny object in mid-2013. I went down the rabbit hole far enough for The Wall Street Journal to call me “Wall Street’s Bitcoin expert” while they live blogged a Bitcoin conference call I hosted. I invested in ChangeTip. I bought and sold BitcoinWallet.com. Unfortunately, by late-2014, nine months in to a severe Bitcoin price decline, my focus wandered to new shiny objects.

Fast forward to 2017, and my mind wandered to a new shiny object, ICOs. Once again, I got the four smartest people I could find on the topic, and held a conference call on June 29th during which I had my crypto epiphany.

Crypto is now so shiny, so luminous, I can’t divert my eyes. I’m living and breathing crypto 24/7. Reading every thoughtful post I can find. Meeting anyone thoughtful on the topic. Holding more crypto conference calls. And writing and writing on crypto, because that’s the best way to learn. After 3 months going down the rabbit hole a second time, here’s what I learned.

1. I’m A One Eyed Man In The Land of Other One Eyed People

We’re still so early, that much about what people are saying and writing about crypto is more theory than fact. Lots of people (including me) compare the the crypto bubble to the Internet bubble. But the parallels between the development of crypto and the development Internet are everywhere I look. Take this snippet from Wikipedia’s “History of the Internet’’:

“With so many different network methods, something was needed to unify them. Robert E. Kahn of DARPA and ARPANET recruited Vinton Cerf of Stanford to work with him on the problem. By 1973, they had worked out a fundamental reformulation, where the differences between network protocols were hidden by using a common internetwork protocol…..”

As a non-techie, that sounds exactly like a paragraph I read yesterday on Medium. But an important difference about the evolution of crypto and the evolution of the internet is the how public crypto’s early evolution is. There were maybe a few thousand people who cared about what Cerf was doing in the early days of the Internet. So it was done out of the pubic eye. It wasn’t until 1994, 21 years after Cerf’s 1973 solution, that Netscape introduced it’s browser, and most people learned about the internet.

Crypto is evolving in its early days in a public way, so it’s messy, and theoretical, and dense. So if you feel like you don’t really understand crypto, join the crowd. Neither of us would have understood much if we sat in the room with Vint Cerf in 1973.

Another sign that it’s early is that foundational parts of crypto theory like Joel Manegro’s Fat Protocol post , which has been repeated ad infinitum, is being questioned and rethought by Teemu Paivinen, Jake Brukhman and others (h/t Yannick Roux).

2. Bitcoin Is A Confidence Game, Utility Tokens Are Awesome But Legally Challenging, Security Tokens Are Going To Be Huge

The chart above provides a simple way to think about the three types of cryptocurrencies.

On the currency side, while Bitcoin is a crypto leader in payments, it’s rise in it’s value has little to do with the currency applications of Bitcoin, and all to do with it being a store of value. Therefor, Bitcoin is simply a confidence game as are ALL store of values. As with other assets, the higher Bitcoin’s value goes, the more confident investors become, which is another factor driving bubbles. After being used as a store of value for thousands of years, it’s easier to believe in gold as a store of value (hence the rocks have a total market cap/are storing over $7 trillion in value vs. $75 billion for Bitcoin today). I believe Bitcoin will continue to gain share of value storage. I’m a HODLer.

Utility Tokens like Civic which provide a digital good in return for the token (in Civics case they provide businesses and individuals the tools to control and protect identities) are an exciting new way to fuel ecosystems. However, in the SAFT White Paper published by Cooley and Protocol Labs last week, a whole section is titled “Pre-functional Utility Token Sales Are More Likely to Pass the Howey Test”, which is another way of saying the SEC is likely to deem them a security. Hence they propose the SAFT as an instrument to address this risk.

The third type of token are Security Tokens, which are similar to shares, as they convey ownership interests. The cool thing about Security Tokens is that they’re liquid (assuming there’s someone who wants to buy them and security laws are addressed), and companies can access a global investor base when raising capital/doing an ICO. While most of the ICOs to date have been Utility Tokens, because of the massive advantages that Security Tokens have over traditional capital raising, I think the total market cap of all security tokens will be much larger than the total market cap of all utility tokens.

3. Blockchain Technology Is Going To Be A Disruptive Force Across Industries

This post in Blockchain Hub gives a great detailed overview of the three types of blockchains — public blockchains (like Bitcoin and Ethereum), federated blockchains (like R3 and EWF), and private blockchains (e.g. platforms like Multichain).

This post by CB Insights highlights 30 industries that blockchain could transform, and the companies leading the disruption.

4. DECENTRALIZATION Is Potentially The Most Disruptive Force

Blockchains, cryptocurrencies, together with other smart contracts are enabling Decentralization, which is the REALLY disruptive thing. The above chart is widely known in crypto. It’s often disparaged as too simplistic to be meaningful, but I find it helpful. Governments and businesses have largely functioned via centralization. Someone or some organization sits in the middle, making the rules, and taking a toll (either taxes or fees) for providing a function. We can now leverage technology, take out the middleman, and enable highly functional decentralized entities (like bitcoin).

Take life insurance. I believe, in the future, through smart contracts and the blockchain, decentralized structures will provide life insurance, saving buyers of life insurance the $10’s of billions of tolls (sales commissions, profits, …) that insurance companies takes for sitting in the middle.

ICOs are funding a growing list of real-world decentralized companies. Augur is building a decentralized prediction market. PROPS is a decentralized economy for digital video. OpenBazaar is a decentralized peer-to-peer marketplace. Aragon is a decentralized provider of tools to enable more efficient decentralized companies.

Decentralization is the lens through which I now look at everything. It’s the most important thing I’ve learned about over the last three months.

To learn more about decentralization, read Vitalik’s “The Meaning of Decentralization” which goes in to the the three different dimensions of decentralization:

5. It’s A Bubble….So What

The biggest sign that it’s not a bubble, is that almost everyone says it’s a bubble. By way of background, I’m a VC and former Wall Street equity analyst, and I think it’s a bubble because I see ICOs trading at 50X-100X+ what I think they would be valued at if they were funded by VCs or traded publicly. And history says it’s not different this time. Here’s a great book on the last 800 years of people saying “it’s different” this time to justify lofty valuations.

I say “so what” because I believe in Amara’s Law: We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run. This is part of the reason we get bubbles. We get overexcited about a new technology and we drive up prices beyond any reasonable valuation. Bubble’s go on for years. The internet bubble lasted 5+ years.

But the more important part of Amara’s law is that we underestimate the effect of a technology in the long run. The internet is more impactful, and a greater wealth creator than anyone imagined. The internet brought us $3 trillion of wealth just in FAMGA. What’s the value to be created from crypto, blockchain, and decentralization? Today, the cryptocurrency market cap is around $150 billion. Could that figure go down 78% like the NASDAQ did in the 30 months after it peaked on March 10th, 2000? Sure. And that would be painful. But I’m playing the long game. It was a good strategy with the internet, and it should be a good strategy today with crypto.

6. What Industries Are Going To Be Disrupted By Crypto First?

At a macro level, it seems to make sense that, all else being equal, the middlemen who charge the highest tolls should be most at risk. Below is a list from Forbes of the 10 industries with the highest net margins in 2016:

Even though investment managers are getting disrupted by ETFs and robo -advisors, they’re still churning out nice margins. Certainly my own industry (Venture Capital) is at significant risk from ICOs.

But I don’t think VCs aren’t going away anytime soon, particularly VCs like Pantera, that focus on crypto and invest in ICOs. In addition, ICO investors see name VCs as a positive signal (e.g. Filecoin). So VCs may be diminished, but the good ones will adapt and innovate.

I don’t have deep conviction yet on which industries are the most ripe for disruption. Like other crypto investors, the ICOs I’m seeing are spanning across virtually every industry.

7. Governance Is The Biggest Risk To Bitcoin

Regulatory risk is obviously significant on a country-by-country basis, or within the U.S. on a state-by-state basis re all cryptocurrency. We’ve seen what happened in China. Korea and other countries are also clamping down. In the U.S. the SEC DAO Report was a big step forward for ICOs given the incredible amount of detail and guidance the SEC gave in the report, without it being an enforcement action. Crypto’s next on the SEC agenda on October 12th. But at the end of the day, governments are going to do what’s in their best interests.

While there is significant regulatory risk, I believe governance is the greatest risk to Bitcoin and other decentralized entities. Bitcoin is essentially governed by exit (h/t Ari Paul). While there’s a consensus mechanism, if people don’t like the consensus, they have three choices. They can 1)suck it up, 2) they can sell their bitcoins and leave, or 3) they can take the open source code and fork it. Forking comes with both technical risk and community risk. The Segwit2X debate, which could result in a hard fork November 18, is just the latest example of Bitcoin’s risk from governance by exit. The Balkanization of Bitcoin won’t be a good thing for the community.

8. I Don’t Hate The Haters. I Love The HODL’ers

After Jamie Dimon said “Bitcoin is a fraud”, my Twitter stream was filled with Dimon haters. I read what he said, which brought nothing new to the conversation other than his opinion, and moved on. Maybe Dimon doesn’t even believe what he’s saying. Maybe he’s just talking up his own book. I don’t know, I don’t care, and I won’t spend time defending the industry from haters or dissecting the reasons the haters hate (unless they’re bringing something new to the conversation).

I want to spend my time preaching to the choir. I want to spend my time learning from, helping, and investing in the believers. As an industry, we have a lot of work ahead of us to achieve the massive world-changing potential of blockchain, cryptocurrency, and decentralization.

If you got at least 0.00000001 Bitcoin worth of value from this post please “Clap” below so others will see the post.

8 Thoughts On Blockchain, Cryptocurrency & Decentralization After Another Three Months Down The…

8 Thoughts On Blockchain, Cryptocurrency & Decentralization After Another Three Months Down The Rabbit Hole

Everyone’s ADD, including me. I get attracted by shiny objects. I first noticed Bitcoin as a shiny object in mid-2013. I went down the rabbit hole far enough for The Wall Street Journal to call me “Wall Street’s Bitcoin expert” while they live blogged a Bitcoin conference call I hosted. I invested in ChangeTip. I bought and sold BitcoinWallet.com. Unfortunately, by late-2014, nine months in to a severe Bitcoin price decline, my focus wandered to new shiny objects.

Fast forward to 2017, and my mind wandered to a new shiny object, ICOs. Once again, I got the four smartest people I could find on the topic, and held a conference call on June 29th during which I had my crypto epiphany.

Crypto is now so shiny, so luminous, I can’t divert my eyes. I’m living and breathing crypto 24/7. Reading every thoughtful post I can find. Meeting anyone thoughtful on the topic. Holding more crypto conference calls. And writing and writing on crypto, because that’s the best way to learn. After 3 months going down the rabbit hole a second time, here’s what I learned.

1. I’m A One Eyed Man In The Land of Other One Eyed People

We’re still so early, that much about what people are saying and writing about crypto is more theory than fact. Lots of people (including me) compare the the crypto bubble to the Internet bubble. But the parallels between the development of crypto and the development Internet are everywhere I look. Take this snippet from Wikipedia’s “History of the Internet’’:

“With so many different network methods, something was needed to unify them. Robert E. Kahn of DARPA and ARPANET recruited Vinton Cerf of Stanford to work with him on the problem. By 1973, they had worked out a fundamental reformulation, where the differences between network protocols were hidden by using a common internetwork protocol…..”

As a non-techie, that sounds exactly like a paragraph I read yesterday on Medium. But an important difference about the evolution of crypto and the evolution of the internet is the how public crypto’s early evolution is. There were maybe a few thousand people who cared about what Cerf was doing in the early days of the Internet. So it was done out of the pubic eye. It wasn’t until 1994, 21 years after Cerf’s 1973 solution, that Netscape introduced it’s browser, and most people learned about the internet.

Crypto is evolving in its early days in a public way, so it’s messy, and theoretical, and dense. So if you feel like you don’t really understand crypto, join the crowd. Neither of us would have understood much if we sat in the room with Vint Cerf in 1973.

Another sign that it’s early is that foundational parts of crypto theory like Joel Manegro’s Fat Protocol post , which has been repeated ad infinitum, is being questioned and rethought by Teemu Paivinen, Jake Brukhman and others (h/t Yannick Roux).

2. Bitcoin Is A Confidence Game, Utility Tokens Are Awesome But Legally Challenging, Security Tokens Are Going To Be Huge

The chart above provides a simple way to think about the three types of cryptocurrencies.

On the currency side, while Bitcoin is a crypto leader in payments, it’s rise in it’s value has little to do with the currency applications of Bitcoin, and all to do with it being a store of value. Therefor, Bitcoin is simply a confidence game as are ALL store of values. As with other assets, the higher Bitcoin’s value goes, the more confident investors become, which is another factor driving bubbles. After being used as a store of value for thousands of years, it’s easier to believe in gold as a store of value (hence the rocks have a total market cap/are storing over $7 trillion in value vs. $75 billion for Bitcoin today). I believe Bitcoin will continue to gain share of value storage. I’m a HODLer.

Utility Tokens like Civic which provide a digital good in return for the token (in Civics case they provide businesses and individuals the tools to control and protect identities) are an exciting new way to fuel ecosystems. However, in the SAFT White Paper published by Cooley and Protocol Labs last week, a whole section is titled “Pre-functional Utility Token Sales Are More Likely to Pass the Howey Test”, which is another way of saying the SEC is likely to deem them a security. Hence they propose the SAFT as an instrument to address this risk.

The third type of token are Security Tokens, which are similar to shares, as they convey ownership interests. The cool thing about Security Tokens is that they’re liquid (assuming there’s someone who wants to buy them and security laws are addressed), and companies can access a global investor base when raising capital/doing an ICO. While most of the ICOs to date have been Utility Tokens, because of the massive advantages that Security Tokens have over traditional capital raising, I think the total market cap of all security tokens will be much larger than the total market cap of all utility tokens.

3. Blockchain Technology Is Going To Be A Disruptive Force Across Industries

This post in Blockchain Hub gives a great detailed overview of the three types of blockchains — public blockchains (like Bitcoin and Ethereum), federated blockchains (like R3 and EWF), and private blockchains (e.g. platforms like Multichain).

This post by CB Insights highlights 30 industries that blockchain could transform, and the companies leading the disruption.

4. DECENTRALIZATION Is Potentially The Most Disruptive Force

Blockchains, cryptocurrencies, together with other smart contracts are enabling Decentralization, which is the REALLY disruptive thing. The above chart is widely known in crypto. It’s often disparaged as too simplistic to be meaningful, but I find it helpful. Governments and businesses have largely functioned via centralization. Someone or some organization sits in the middle, making the rules, and taking a toll (either taxes or fees) for providing a function. We can now leverage technology, take out the middleman, and enable highly functional decentralized entities (like bitcoin).

Take life insurance. I believe, in the future, through smart contracts and the blockchain, decentralized structures will provide life insurance, saving buyers of life insurance the $10’s of billions of tolls (sales commissions, profits, …) that insurance companies takes for sitting in the middle.

ICOs are funding a growing list of real-world decentralized companies. Augur is building a decentralized prediction market. PROPS is a decentralized economy for digital video. OpenBazaar is a decentralized peer-to-peer marketplace. Aragon is a decentralized provider of tools to enable more efficient decentralized companies.

Decentralization is the lens through which I now look at everything. It’s the most important thing I’ve learned about over the last three months.

To learn more about decentralization, read Vitalik’s “The Meaning of Decentralization” which goes in to the the three different dimensions of decentralization:

5. It’s A Bubble….So What

The biggest sign that it’s not a bubble, is that almost everyone says it’s a bubble. By way of background, I’m a VC and former Wall Street equity analyst, and I think it’s a bubble because I see ICOs trading at 50X-100X+ what I think they would be valued at if they were funded by VCs or traded publicly. And history says it’s not different this time. Here’s a great book on the last 800 years of people saying “it’s different” this time to justify lofty valuations.

I say “so what” because I believe in Amara’s Law: We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run. This is part of the reason we get bubbles. We get overexcited about a new technology and we drive up prices beyond any reasonable valuation. Bubble’s go on for years. The internet bubble lasted 5+ years.

But the more important part of Amara’s law is that we underestimate the effect of a technology in the long run. The internet is more impactful, and a greater wealth creator than anyone imagined. The internet brought us $3 trillion of wealth just in FAMGA. What’s the value to be created from crypto, blockchain, and decentralization? Today, the cryptocurrency market cap is around $150 billion. Could that figure go down 78% like the NASDAQ did in the 30 months after it peaked on March 10th, 2000? Sure. And that would be painful. But I’m playing the long game. It was a good strategy with the internet, and it should be a good strategy today with crypto.

6. What Industries Are Going To Be Disrupted By Crypto First?

At a macro level, it seems to make sense that, all else being equal, the middlemen who charge the highest tolls should be most at risk. Below is a list from Forbes of the 10 industries with the highest net margins in 2016:

Even though investment managers are getting disrupted by ETFs and robo -advisors, they’re still churning out nice margins. Certainly my own industry (Venture Capital) is at significant risk from ICOs.

But I don’t think VCs aren’t going away anytime soon, particularly VCs like Pantera, that focus on crypto and invest in ICOs. In addition, ICO investors see name VCs as a positive signal (e.g. Filecoin). So VCs may be diminished, but the good ones will adapt and innovate.

I don’t have deep conviction yet on which industries are the most ripe for disruption. Like other crypto investors, the ICOs I’m seeing are spanning across virtually every industry.

7. Governance Is The Biggest Risk To Bitcoin

Regulatory risk is obviously significant on a country-by-country basis, or within the U.S. on a state-by-state basis re all cryptocurrency. We’ve seen what happened in China. Korea and other countries are also clamping down. In the U.S. the SEC DAO Report was a big step forward for ICOs given the incredible amount of detail and guidance the SEC gave in the report, without it being an enforcement action. Crypto’s next on the SEC agenda on October 12th. But at the end of the day, governments are going to do what’s in their best interests.

While there is significant regulatory risk, I believe governance is the greatest risk to Bitcoin and other decentralized entities. Bitcoin is essentially governed by exit (h/t Ari Paul). While there’s a consensus mechanism, if people don’t like the consensus, they have three choices. They can 1)suck it up, 2) they can sell their bitcoins and leave, or 3) they can take the open source code and fork it. Forking comes with both technical risk and community risk. The Segwit2X debate, which could result in a hard fork November 18, is just the latest example of Bitcoin’s risk from governance by exit. The Balkanization of Bitcoin won’t be a good thing for the community.

8. I Don’t Hate The Haters. I Love The HODL’ers

After Jamie Dimon said “Bitcoin is a fraud”, my Twitter stream was filled with Dimon haters. I read what he said, which brought nothing new to the conversation other than his opinion, and moved on. Maybe Dimon doesn’t even believe what he’s saying. Maybe he’s just talking up his own book. I don’t know, I don’t care, and I won’t spend time defending the industry from haters or dissecting the reasons the haters hate (unless they’re bringing something new to the conversation).

I want to spend my time preaching to the choir. I want to spend my time learning from, helping, and investing in the believers. As an industry, we have a lot of work ahead of us to achieve the massive world-changing potential of blockchain, cryptocurrency, and decentralization.

If you got at least 0.00000001 Bitcoin worth of value from this post please “Clap” below so others will see the post.

Marketing — not selling — the blockchain

Marketing and selling are intrinsically linked. A market message — by necessity — drives a sale. Unfortunately over time this has resulted in the oversimplification that marketing=sales.

The most damaging outcome of this mentality is also the most logically.
If marketing=sales…and I’m not ready to sell…then I guess I don’t need marketing.

Variations of this theme are everywhere. And yes, there’s certainly truth in not needing certain aspects of marketing till you’re ready to sell, but to relegate the entire marketing practice is a dangerous misstep.

There are few fields where this disregard for marketing is as pronounced as the tech space, notably in this case: the fledgling blockchain community.

This is both an unfortunate soon-to-be regret of many nascent blockchain products/services, and an incredible opportunity for those savvy enough to take advantage.

At its most absolute basic, marketing is the distillation of a product or service’s value into a clear vision. It’s story. I’ve written more about stories here.

The evolution of the story is the message. This fundamentally breaks down into three questions:
- Who are we talking to: who is this product/service for; who will use it; who will care about it
- What are we saying: what are arguing for/against; what are we offering; what are we
- How & Where are we saying it: where are we communicating this message (the channel/medium — will it be print, digital, TV, etc). How will the message be communicated (audio, video, text). The How & Where are combined since all content should be contextually appropriate

Certainly these terms and phrases can sound vague and abstract on the surface but, in the hands of a good marketer, they can mark the difference between success and failure.

Now, tell me a product or service that would not benefit from at least a portion of this thinking before the heavy-lifting of product development.

Too many individuals in the blockchain space disregard the value of early-stage marketing input. The ‘if you build it, they will come’ argument.
This results in a self-fulfilling cycle:
- Product A is built
- Marketing begins
- Marketing is wholly dependent on the decisions made during product dev
- Marketing is reduced to simply selling
- Product B sees marketing=sales
- (Repeat)

Still not convinced? Consider Apple — a company that consistently valued the marketing fundamentals alongside product development. They did ok.

In a time of ICOs you owe it to your coin holders — your shareholders — to consider the bigger picture. Marketing≠Sales.

Marketing — not selling — the blockchain

Marketing and selling are intrinsically linked. A market message — by necessity — drives a sale. Unfortunately over time this has resulted in the oversimplification that marketing=sales.

The most damaging outcome of this mentality is also the most logically.
If marketing=sales…and I’m not ready to sell…then I guess I don’t need marketing.

Variations of this theme are everywhere. And yes, there’s certainly truth in not needing certain aspects of marketing till you’re ready to sell, but to relegate the entire marketing practice is a dangerous misstep.

There are few fields where this disregard for marketing is as pronounced as the tech space, notably in this case: the fledgling blockchain community.

This is both an unfortunate soon-to-be regret of many nascent blockchain products/services, and an incredible opportunity for those savvy enough to take advantage.

At its most absolute basic, marketing is the distillation of a product or service’s value into a clear vision. It’s story. I’ve written more about stories here.

The evolution of the story is the message. This fundamentally breaks down into three questions:
- Who are we talking to: who is this product/service for; who will use it; who will care about it
- What are we saying: what are arguing for/against; what are we offering; what are we
- How & Where are we saying it: where are we communicating this message (the channel/medium — will it be print, digital, TV, etc). How will the message be communicated (audio, video, text). The How & Where are combined since all content should be contextually appropriate

Certainly these terms and phrases can sound vague and abstract on the surface but, in the hands of a good marketer, they can mark the difference between success and failure.

Now, tell me a product or service that would not benefit from at least a portion of this thinking before the heavy-lifting of product development.

Too many individuals in the blockchain space disregard the value of early-stage marketing input. The ‘if you build it, they will come’ argument.
This results in a self-fulfilling cycle:
- Product A is built
- Marketing begins
- Marketing is wholly dependent on the decisions made during product dev
- Marketing is reduced to simply selling
- Product B sees marketing=sales
- (Repeat)

Still not convinced? Consider Apple — a company that consistently valued the marketing fundamentals alongside product development. They did ok.

In a time of ICOs you owe it to your coin holders — your shareholders — to consider the bigger picture. Marketing≠Sales.

Blockchain 4.0

Blockchain 4.0

I still remember the 1st time I’ve been to New York: it was 1998, I was 13 and 9/11 didn’t happen. That means I was able to enjoy NYC as a tourist lost in a Friends episode. Yeah, I’ve been to WTC’s top floor and I still have the picture.

Back then, I went with my aunt, uncle and (then) little cousin to the UN. There were no huge security issues and we were able to walk by the lobby, that showed flags of all the countries.

“One day I’m coming back here, but I won’t stop at the lobby. I’ll be inside of one of those rooms, sitting on a chair, with a mic and everything”, I said.

A lot has happened ever since. Instead of becoming an astronaut or a diplomat, I became a lawyer & entrepreneur. As anyone that understands and loves disrupting, it’s almost like I’ve chosen to live under the sea and fly. It’s just weird.

I’ve chosen to study law because, in spite of all the great issues of the world, I cannot stand any kind of unfairness. I never have, and I never will. So, my heart was the one that chose instead.

But when you’re at a top tier law school anywhere, you realize that money also talks. And status. And perks…

Don’t get me wrong, I’ve REALLY tried to sell my soul out. But in the end of the day, I’ve realized I’m able earn money. But I don’t want any money: I want anything that comes as a result of trying to change the world.

That’s what I personally have in common with cryptocurrencies, Bitcoin in special: we’re all trying to change the status quo, no matter how unlikely it is for us to get there.

So, back in 2012 I started studying it… studying it… and I’m still studying it. Because [and by having a 163 IQ I can say for sure] this was a genial idea. So simple and, yet, brilliant in every single sentence.

I personally don’t care how much bitcoins are going to worth in 2020 or so. I don’t care for ICOs per se. But I do care about distributed information process. I do care about transparency on data processing and privacy…

… and so does the United Nations.

When recent civil wars arose, refugees became a humanitarian problem. Not because they didn’t have where to go, but because they could not prove who they were instead. Their countries held not only their nationalities, but their identity proofs.

The UN estimates that over 1.5 billion people have absolutely no national official documents to prove their identities.

That means that, in spite of what has been common sense so far, identity is different from nationality or citizenship: it’s a human right and, thus, should be a person’s, not countries'.

One of the greatest challenges we have historically faced is to prove that what we say is true: that we are who we say we are, that we have the attributes we allegedly do.

The approach to that is different among countries: the Latin-inherited approach is that there is such a thing as “public trust” given by countries in which one designated person can testify for any kind of authenticity. On the other hand, common law countries skip such bureaucracy and rely on fraud and misrepresentation concepts. Either way, we cannot be sure if something is true — we always, anywhere, need to have a trusted party.

One of my greatest flaws is that I don’t know how to lie. As time passed, I’ve learnt how to hide things I don’t want others to see instead. The reason for that is that I’ve never believed there is such a thing as “half-truth” and I’m smart enough to know and to question when that’s the case. And, of course, that’s part of my personal ethics.

But unlike me, people do know how to lie. They do it quite well sometimes: it’s not rare to find Ponzi schemes busted or coned people. Sometimes, this is poor education’s fault, of course. But when it happened to me, I was for sure that education was not the reason.

The problem is that we have always realized in 3rd trusted parties to do our checks and due diligence. But most probably: because other 3rd parties are the ones that hold the information that we need to check.

In Latin America, notaries are the best example of 3rd trusted parties that supposedly hold true accurate information. In other countries, private 3rd parties or the parties per se are the ones holding it. Either way, there is still one part of such chain that holds the opportunity and capacity to lie — what added up to a person’s will, results in the power to do so.

Shifting trust from 3rd (or individual) trusted parties could be one of the deepest consensus humankind has ever made. If we take away the opportunity and capability of one to cheat, it’s most probable that this person’s will to do so will not take anywhere but prison.

Can you imagine a world in which almost no one cheats? Can you imagine countries without fraud or corruption? Do you realize can help us to achieve that?

It sounds like sci-fi, I know. But guess what? It has been done and it’s been running for a while now: it’s a Brazilian company called OriginalMy (OriginalMy.com) that is probably as humble as Brazil per se. But what it delivers is most certainly not.

There is a New World Order raising, and besides global, it’s a descentralized one. Cognitive Captalism and cryptoprotocols lead us fast to the process of descentralizing the world: companies, markets and governments, they are all going to change exponentially fast in the best 10–20 years.

This is a permissionless revolution with no way back, truly ancap. And you’ve been living it for almost 10 years now. I hope you’re able to see it soon and adapt, because Darwin has kind of a cruel theory for the ones who don’t.

From Centralized to Decentralized

With humanity, there aren’t so much bad people but more bad systems. One of the worst parts of our current human operating system, is how centralized many things are. So in our current cycle of coming out of a bottom barrel state of the deep timeline of humanity we have been awash in centralized systems. Meaning systems of power which are controlled by the few in a centralized way. Gatekeepers of power rely on having structures of control to continue their opaqueness; unaccountability, corruption, inefficiency, nepotism, and stagnation. This has been going on for thousands of years and it has been no different in the last century with our corporations, banks, and governments. Otherwise known as corporatized governments controlled by the bankers. Since the dawn of the internet and world wide web, this has gotten better through net neutrality allowing anyone with access more of a voice, it’s also been beautiful at forcing sliminess from the past to go, such as gatekeeper record industry labels who use to charge $18 for you to listen to music on a compact disk, to adjust their ways, by force, as the gates have been dissolved by file sharing. Even with the internet era, there are plenty of gatekeepers, such as Apple, Google, Amazon, Facebook, as well as YouTube. Another wing of the Googlepus. Youtube, A tech company ,has ultimate control of their system, as an ad revenue a creator controlled by the few at the top of the centralized corporatized hierarchy. But centralized corporatized hierarchies create jobs you say, well sure, but that’s within the mainstream robotic culture of empire which is not fulfilling to the natural human who should be in nature, living in tune with the land, organic farming, relaxing, and creating art in small villages by day ingesting tryptamines around the stone dolmans uploading to astral dimensions to expand their consciousness by night.

Now, when you upload digital content to social platforms, they get to make the vast majority of the ad revenue. Facebook is another one, where you have to pay their shitty narrow aspect system to get more interest and eyeballs on your material. You are David and these systems are goliath and its backwards because you create the content and then get measly compensation at best or have to pay them at worst. And it should be the other way around where you are compensated based on the value of what you create and share with others.

One of the main fractal backs to centralization of awfulness is money. Which on one level is just a measure of energy when it’s done right, but on another it’s a spell used to reduce and control and the root of all evil. Fiat unbacked by anything paper money is the king of centralization. Since the late night christmas eve skulduggery of congress in 1933 the federal reserve act was passed. Creating a centralized location of nefariousness called the federal reserve. What it does is tightly lockdown the control of the US dollar through inflation and deflation and essentially prints money out of thin air for bankers pleasures. With rooms of small centralized un-honorable tales from the crypt Crypt-keepers controlling it. The Federal Reserve is a private banking cartel who is not federal nor does it have any reserves. It sucks 36 million dollars an hour off the current horrible system and Rockefeller was one of the original investors and JFK had the back of his skull blown out because he dare suggested it be abolished.

What money really has become is a whole other story which entire documentaries have been made off of and will be further discussed in later chats here. The cliff notes version summary is, since the Financial Services Modernization Act of the late 90’s which, abolished key parts of the Glass-Steagall Act, there has been a dissolution of the separation of commercial banking from investment banking. Now resulting in nearly all commercial and investment banking institutions being systemically corrupt up to all the highest levels with the wall street investment banks being purely parasitic with behavior leading to ongoing situations such as the financial services meltdown of 2008. Many of the ills of which were pointed out beautifully in the slogan “we are the 99%” by occupy wall street because unless we have major corrections to capitalism we are left in a system where less than 1% of the population have the vast majority of the money and some 8 families have half the wealth on the planet. So feudalism never really went away.

In a previous reality tunnel essay I gave hint to a suggestion of humanity “moving onto better systems”. So as an example, after the 2008 crash a little thing called cryptocurrencies were being incubated. Cryptocurrencies are beautiful because they are decentralized, meaning controlled by every node on the network and the larger that network, the less centralized it is and naughty bankers are then obsolete. They are capable of buying into massive amounts of crypto and becoming crypto whales in the network node ocean but them doing so would only add value to that new operating system of money. When you are a part of this system, you store your own digital money in analogue or cold storage so you are responsible for your own actions. So anyone using cryptocurrency is essentially unbanked, which is where we all want to be so we have the power and are not giving it to others. Because over the last 1000+ years amplified by the last 100+ years, whenever things are centralized, systematic corruption runs rampant.

Now cryptocurrencies are actually not the most beautiful part of the decentralized equation. Behind these technologies are a genius operation called the blockchain. Which is a ledger, a recording system, controlled by everyone and no one specifically which allows for full transparency. And many things can be done on top of the blockchain foundation. Further applications can be use for disrupting any industry that has tight control systems in place, such as energy, entertainment, network sharing, agriculture, voting, trade, etc… Imagine a scenario where you provide content and are then paid proportionately for doing so. Or as your internet bandwidth sits ideal all day, you can be paid by the bandwidth you lease out to others who need faster bandwidth at that time. Same with your solar power you generate. You sell it to others directly when not using it. Or imagine a future style decentralized voting system where you have a direct vote on a specific piece of legislation, which is then upvoted reddit style in the community, each with one vote, directly votes on a specific proposed rule thereby we would no longer need representatives who actually don’t really represent. We would have a ocean of direct pier to peer communications and interactions and not be land locked to massive islands of control. So even though all these technologies are just one electromagnetic pulse away from going down and we are still very much in times of extreme polarization, be very happy to be alive in such exciting times.

And that’s just the beginning of what Blockchain type structures are capable of and they have snuck up on the machine which is working really hard to keep a lid on them, but it can not. This type of system is something old paradigm corporations and governments, which really means corporatized governments, have never allowed. So corporatized governments and the status quote have first ignored it, then laughed at it and are now hugely threatened by it. Because Rome is burning.

Since everything in the mainstream reality signal of falsehood is back to front and they don’t want free thinking minds, they want obedient wage slave consumers, you have been conditioned. Because you are suppose to be in abundance and wealth, and there’s no reason you shouldn’t be but instead have been conditioned to 9/5 (more like 8/7) slave jobs to think we need to be in protestant work ethic struggle of centralization all our lives until we die. Which we do not. Not like material wealth equals happiness but it does equal time and ease and we should be freed from our unpleasant jobs to do real fun work which fuels our passions. So I highly highly recommend looking into blockchain technologies and getting involved in it and cryptocurrencies in whatever tiny or large way you can. Think of converting some of your fiat dollars into crypto coins as your protest and public service all in one. The community is really excellent as well. There are hundreds of folks freely sharing information online because sharing is caring.

Power to the people. Power to each individual. Decentralize the world.

Interest in Decentralized Exchanges poised to rise in Q4

Ethfinex, 0x and anti-fragile bets

Photo by William Bout

The last two months have seen a surge in events relating to decentralized exchanges. In August Bitfinex announced its Ethfinex platform, followed by two very successful ICO’s by 0x and Kyber. Coupled with the recent news from China, where crypto-currency exchanges are facing shutdowns by the government, we should expect an interesting next few weeks for decentralized exchanges.

As we wrote in ‘The Perpetual Bubble Machine’, currently the main use case for crypto-currencies is speculation. Crypto-currencie’s killer app is trading. When we look at the ecosystem in this way it’s not hard to understand the importance that exchanges play.

Decentralized exchanges aim to allow people to engage in trading without the drawbacks of their centralized counterparts. Hacks, thefts, seizures[1] and exit schemes have been all too common. Decentralized exchanges mitigate these by letting users keep control of their own private keys. In addition, the anonymity and the lack of KYC make them attractive to many parties.

At the same time decentralized exchanges face some — yet to be solved — technical challenges. Researchers at Cornell Tech’s Initiative for Cryptocurrencies and Contracts (IC3) have written up an extensive analysis of some of these exploits. They include miner front-running and exposure to arbitrage. Additionally, usability may make decentralized exchanges a less attractive proposition.

The Chinese Crackdown

Recent events in China have set the stage perfectly for decentralized exchanges. Simply put, they have highlighted the fact that current crypto-currency exchanges exist at the will of governments. When a heavy handed government like that in China wishes to close them down, they can.

Surprisingly, markets mostly shrugged off the announcements from China. This may be because information on the exchange ban is unclear and people expect it to be temporary. It has been posited that the ban is in place because of the impending Chinese elections on October 18th[2]. This would be an expected move from a government wanting to show that it is taking action against corruption and the many financial scams, aimed at ‘normal people’, that are currently taking place[3].

It is likely that the US government will also take aim at exchanges in the coming months. In particular we can expect the SEC to label some ICO tokens as securities. If this happens, exchanges that list those tokens, which are based in the US will have to remove them[4]. This may affect Bittrex in a huge way. The US exchange lists hundreds of tokens and has been gaining traction recently against its competitor Poloniex.

The Case for Decentralized Exchanges

It is unclear whether crypto holders, in general, are aware of decentralized exchanges. We believe that the idea of decentralized exchanges will gain more traction in the coming months as 0x and Kyber Network continue their development. Ethfinex also plans to have a working product within the next 6 months[5]. Coupled with Bitfinex’s influence this may bring decentralized exchanges to the masses. The Ethfinex project will also integrate with 0x, which itself is a protocol. As regulations tighten we expect decentralized exchanges to be viewed as a hedge and an anti-fragile bet.

This snippet is part of a series titled “Understanding Crypto-asset Fundamentals”, written for Widmer Dun clients. For more information email us at hello@widmerdun.com or send us a private message.

[1] One of the largest and oldest crypto exchanges, BTC-e was shut down at the end of July.

[2] Reaction to China’s ban by Yi Lao

[3] China has recently seen an explosion in financial scams including pyramid schemes.

[4] The chance of legal action being taken against Bitfinex from allowing trading of potential securities resulted in them taking preemptive action in August, restricting US individuals from trading certain ICO tokens.

[5] Ethfinex Roadmap


Interest in Decentralized Exchanges poised to rise in Q4 was originally published in Widmer Dun on Medium, where people are continuing the conversation by highlighting and responding to this story.

Interest in Decentralized Exchanges poised to rise in Q4

Ethfinex, 0x and anti-fragile bets

Photo by William Bout

The last two months have seen a surge in events relating to decentralized exchanges. In August Bitfinex announced its Ethfinex platform, followed by two very successful ICO’s by 0x and Kyber. Coupled with the recent news from China, where crypto-currency exchanges are facing shutdowns by the government, we should expect an interesting next few weeks for decentralized exchanges.

As we wrote in ‘The Perpetual Bubble Machine’, currently the main use case for crypto-currencies is speculation. Crypto-currencie’s killer app is trading. When we look at the ecosystem in this way it’s not hard to understand the importance that exchanges play.

Decentralized exchanges aim to allow people to engage in trading without the drawbacks of their centralized counterparts. Hacks, thefts, seizures[1] and exit schemes have been all too common. Decentralized exchanges mitigate these by letting users keep control of their own private keys. In addition, the anonymity and the lack of KYC make them attractive to many parties.

At the same time decentralized exchanges face some — yet to be solved — technical challenges. Researchers at Cornell Tech’s Initiative for Cryptocurrencies and Contracts (IC3) have written up an extensive analysis of some of these exploits. They include miner front-running and exposure to arbitrage. Additionally, usability may make decentralized exchanges a less attractive proposition.

The Chinese Crackdown

Recent events in China have set the stage perfectly for decentralized exchanges. Simply put, they have highlighted the fact that current crypto-currency exchanges exist at the will of governments. When a heavy handed government like that in China wishes to close them down, they can.

Surprisingly, markets mostly shrugged off the announcements from China. This may be because information on the exchange ban is unclear and people expect it to be temporary. It has been posited that the ban is in place because of the impending Chinese elections on October 18th[2]. This would be an expected move from a government wanting to show that it is taking action against corruption and the many financial scams, aimed at ‘normal people’, that are currently taking place[3].

It is likely that the US government will also take aim at exchanges in the coming months. In particular we can expect the SEC to label some ICO tokens as securities. If this happens, exchanges that list those tokens, which are based in the US will have to remove them[4]. This may affect Bittrex in a huge way. The US exchange lists hundreds of tokens and has been gaining traction recently against its competitor Poloniex.

The Case for Decentralized Exchanges

It is unclear whether crypto holders, in general, are aware of decentralized exchanges. We believe that the idea of decentralized exchanges will gain more traction in the coming months as 0x and Kyber Network continue their development. Ethfinex also plans to have a working product within the next 6 months[5]. Coupled with Bitfinex’s influence this may bring decentralized exchanges to the masses. The Ethfinex project will also integrate with 0x, which itself is a protocol. As regulations tighten we expect decentralized exchanges to be viewed as a hedge and an anti-fragile bet.

This snippet is part of a series titled “Understanding Crypto-asset Fundamentals”, written for Widmer Dun clients. For more information email us at hello@widmerdun.com or send us a private message.

[1] One of the largest and oldest crypto exchanges, BTC-e was shut down at the end of July.

[2] Reaction to China’s ban by Yi Lao

[3] China has recently seen an explosion in financial scams including pyramid schemes.

[4] The chance of legal action being taken against Bitfinex from allowing trading of potential securities resulted in them taking preemptive action in August, restricting US individuals from trading certain ICO tokens.

[5] Ethfinex Roadmap


Interest in Decentralized Exchanges poised to rise in Q4 was originally published in Widmer Dun on Medium, where people are continuing the conversation by highlighting and responding to this story.

BINANCE irá Suportar Todos os Futuros Airdrops da SNGLS — Não Precisa Mover Seus Tokens SNGLS!

Como configurar um endereço SNGLS na Binance

A Binance é a primeira exchange a implementar a capacidade de endereços de token SNGLS receberem airdrops (distribuição) de OMG, ETH e SINGLS dentro da exchange. Esse é um movimento extremamente progressista da Binance e significa que detentores de token SNGLS não terão que deixar a Binance para receber futuros airdrops ou recompensas. Isso é devido a visão do CEO da Binance, Changpeng Zhao, e do diretor de promoções, Yingqi Ouyang.

Enquanto nos preparamos para o lançamento do Tokit, LaunchPad, SingularX, Paycheck, Blockeeper e o restante do pacote de aplicativos descentralizados da SingularDTV, a SingularDTV vai distribuindo OMG, ETH e SNGLS em todos os endereços de token SNGLS. A Binance é a única exchange que acomoda as funcionalidades revolucionárias da SNGLS e tokens ERC20. Em um clima de transição de exchanges centralizadas para descentralizadas, esse movimento vai ajudar a garantir que a Binance tenha uma vida — e possa prosperar — quando as exchanges descentralizadas assumirem.

A SingularDTV vai tirar um snapshot no bloco #4304467 — que deve ser em algo próximo a 21 ou 22 de setembro, dependendo de onde no mundo você mora. É esse snapshot que vai ser usado para alocar os tokens OMG da SingularDTV em endereços de token SNGLS.

Se você quer receber a distribuição de OMG em seus tokens SNGLS, mova seus tokens SNGLS para Binance ou para as seguintes carteiras compatíveis com ERC20:

Binance
S-DTV Lightwallet
Ledger Nano S hardware wallet
Trezor hardware wallet
Parity
MyEtherWallet
imToken
Mist/Ethereum Foundation wallet
Metamask

Como configurar um endereço SNGLS na BINANCE

1 — Vá para https://www.binance.com.

2 — Clique no link “Registrar” no topo da página.

3 — Complete o formulário abaixo e clique em “Registrar”.

4 — Encontre o e-mail da Binance e clique no link de confirmação.

5 — Faça o login na Binance.

6 — Recomendado: Configure a autenticação com dois-fatores com Google Auth.

7 — Clique na caixa suspensa “Fundos” no topo e clique em “Saques e Depósitos”.

8 — Localize SNGLS e clique em “Depósito”

9 — Envie token SNGLS para sua carteira Binance usando o código QR ou endereço mostrados.

10 — Verifique a situação de seu depósito ao clicar no link “histórico”.

11 — Você está pronto para receber automaticamente seus tokens OMG durante a redistribuição.

SingularDTV: Twitter // Facebook // LinkedIn // Slack // Reddit


BINANCE irá Suportar Todos os Futuros Airdrops da SNGLS — Não Precisa Mover Seus Tokens SNGLS! was originally published in SingularDTV Português on Medium, where people are continuing the conversation by highlighting and responding to this story.

If you are a believer in Crypto….

please consider signing up to support CryptoIsCurrency Day on September 29th.

It’s an effort led by OpenBazaar that has the support of some heavyweights in the crypto-industry including Shapeshift, BitMaker, Zcash, Dash, Xapo, and Airbitz.

Why Is This Necessary?

After a few months of challenges with the Bitcoin Cash/Bitcoin fork and the almost daily volatility, this is an effort for everyone who believes in decentralization and its power to come together to send a loud and clear message:

Crypto Is Currency.

You can use crypto to get actual stuff on OpenBazaar (I bought earrings for my wife).

In so doing, you are showing the thousands of new merchants that have (or will) join OpenBazaar that this is a viable way for them to make money.

And, by the way, your purchases are totally private (no prying eyes from eBay or Amazon), secure, and there’s no commission charged to the seller so, in some cases, prices are lower.

It’s a very worthwhile cause.

I hope you’ll join me in spending just a small amount of your crypto assets (they accept many different ones) to share with the world that Cryptocurrencies have real value.

The post If you are a believer in Crypto…. appeared first on Never Stop Marketing.

SingularDTV Expande sus Centros de Contacto: Zúrich, Shanghái y ahora Puerto Rico.

Traducido por Rafael Rodríguez Planas

En adición a las recientes adquisiciones de talento ejecutivo de alto perfil, el lanzamiento de una nueva división de entretenimiento, y otros adelantos sustanciales en el calendario de desarrollo de módulos de SingularDTV y Centrality, uno de los objetivos principales que SingularDTV se ha propuesto para el verano se trata de elaborar las bases de una red humana global que permitirá que el ecosistema de S-DTV cobre vida cuando los módulos comiencen a ser lanzados para este otoño.

Primero en Zúrich, luego Shanghái y ahora en Puerto Rico, SingularDTV ha comenzado a lanzar su red internacional de Centros de Contacto. Estas bases locales ejercen varias funciones, desde apoyo técnico hasta servicios de educación e información, pero quizá principalmente, permiten el acercamiento directo hacia aquellas personas que pueden nutrirse de los servicios de SingularDTV para fomentar sus ambiciones creativas; personas que también provienen de comunidades que pueden beneficiarse con el empoderamiento que conlleva la descentralización.

“Nuestros Centros de Contacto no sólo ofrecen apoyo técnico, también llevan a cabo la misión de educar al mundo acerca de este movimiento.”

Según comenta Zach LeBeau, director ejecutivo de SingularDTV, “para nosotros no se trata necesariamente de Ethereum o la tecnología blockchain, se trata del desplazamiento paradigmático que propone la descentralización. Y nuestros Centros de Contacto no sólo tienen la misión de ofrecer apoyo técnico, sino también de educar al mundo acerca de este movimiento.”

Para sumergirse en la cultura de la descentralización a menudo hay que superar una curva de aprendizaje bastante empinada, por lo que una de las labores de estos Centros de Contacto es tenderles una mano amigable a nuestros usuarios. Según nos cuenta Katherine Morillo, una de ocho entusiasmados jóvenes, del movimiento de descentralización, que han sido seleccionados para llevar la misión de S-DTV a sus comunidades de forma directa y genuina, “con el equipo de Puerto Rico nos hemos propuesto introducir a S-DTV al mundo hispanohablante.”

“Nuestro propósito principal es el poder brindar apoyo de forma personalizada a nuestros fans y a la comunidad que continúa creciendo. Queremos ayudarlos a crear sus carteras, a suscribirse a los canales de S-DTV, y con cualquier otra pregunta que puedan tener, ya sea en cuánto a S-DTV, el proceso de tokenización, o nuestros dapps y módulos. Estamos trabajando de cerca con los equipos de Shanghái y Zúrich para compartir opiniones e información acerca de las experiencias de nuestros usuarios.”

Conoce al equipo en el Centro de Contacto de SingularDTV en San Juan, Puerto Rico:

El haber seleccionado a Shanghái y Puerto Rico como sedes para nuestros Centros de Contacto es esencialmente una cuestión ideológica. Según nos explica LeBeau, “el crecimiento orgánico es importante para SingularDTV, por lo que a menudo aquellas rutas que ofrecen la menor resistencia resultan ser las más influyentes para proliferar la misión y conceptos de SingularDTV. “Puerto Rico es ejemplo de cómo la economía de un país puede ser decimada por fuerzas centralizadoras. En China, las fuerzas centralizadoras que operan a través del gobierno limitan la libertad de expresión y asimismo censuran a sus ciudadanos. No es de extrañar entonces que haya surgido un equipo de SingularDTV con tal dedicación y empeño para operar en ambientes como éstos.”

Uno de los productos del crecimiento orgánico que ya hemos podido presenciar, incluso en las fases primarias de nuestros centros de contacto, es el ‘Blockchain Bootcamp.’ Como respuesta a la curiosidad emergente del público local, en Puerto Rico nuestro equipo ha preparado un seminario web de tres días de duración con el propósito de instruir a aquellas personas que aún no conocen las oportunidades que conlleva la tecnología descentralizada, y el poderío que ésta pone a sus alcances. El denominado Blockchain Bootcamp pronto estará disponible en nuestros Centros de Contacto y a través de SingularDTV.

A medida que la revolución de la descentralización continúa creciendo, es importante recalcar que todos los avances tecnológicos y masivas valoraciones monetarias no significan nada a menos que logren facilitar verdaderos cambios en el panorama del mundo. Los centros de contacto de SingularDTV están comprometidos con esta visión de empoderar al público a través de la descentralización. “Se trata de un movimiento”, dice Zach LeBeau, “donde no son las corporaciones ni los conglomerados, sino la gente, quien determina la rapidez con que se esparcen las raíces de este nuevo internet descentralizado.”

Pueden comunicarse con el centro de contacto de Puerto Rico llamando al 1–855–815–2572. ¿Qué tal si les dan una llamada y se presentan?

SingularDTV Expande sus Centros de Contacto: Zúrich, Shanghái y ahora Puerto Rico.

Traducido por Rafael Rodríguez Planas

En adición a las recientes adquisiciones de talento ejecutivo de alto perfil, el lanzamiento de una nueva división de entretenimiento, y otros adelantos sustanciales en el calendario de desarrollo de módulos de SingularDTV y Centrality, uno de los objetivos principales que SingularDTV se ha propuesto para el verano se trata de elaborar las bases de una red humana global que permitirá que el ecosistema de S-DTV cobre vida cuando los módulos comiencen a ser lanzados para este otoño.

Primero en Zúrich, luego Shanghái y ahora en Puerto Rico, SingularDTV ha comenzado a lanzar su red internacional de Centros de Contacto. Estas bases locales ejercen varias funciones, desde apoyo técnico hasta servicios de educación e información, pero quizá principalmente, permiten el acercamiento directo hacia aquellas personas que pueden nutrirse de los servicios de SingularDTV para fomentar sus ambiciones creativas; personas que también provienen de comunidades que pueden beneficiarse con el empoderamiento que conlleva la descentralización.

“Nuestros Centros de Contacto no sólo ofrecen apoyo técnico, también llevan a cabo la misión de educar al mundo acerca de este movimiento.”

Según comenta Zach LeBeau, director ejecutivo de SingularDTV, “para nosotros no se trata necesariamente de Ethereum o la tecnología blockchain, se trata del desplazamiento paradigmático que propone la descentralización. Y nuestros Centros de Contacto no sólo tienen la misión de ofrecer apoyo técnico, sino también de educar al mundo acerca de este movimiento.”

Para sumergirse en la cultura de la descentralización a menudo hay que superar una curva de aprendizaje bastante empinada, por lo que una de las labores de estos Centros de Contacto es tenderles una mano amigable a nuestros usuarios. Según nos cuenta Katherine Morillo, una de ocho entusiasmados jóvenes, del movimiento de descentralización, que han sido seleccionados para llevar la misión de S-DTV a sus comunidades de forma directa y genuina, “con el equipo de Puerto Rico nos hemos propuesto introducir a S-DTV al mundo hispanohablante.”

“Nuestro propósito principal es el poder brindar apoyo de forma personalizada a nuestros fans y a la comunidad que continúa creciendo. Queremos ayudarlos a crear sus carteras, a suscribirse a los canales de S-DTV, y con cualquier otra pregunta que puedan tener, ya sea en cuánto a S-DTV, el proceso de tokenización, o nuestros dapps y módulos. Estamos trabajando de cerca con los equipos de Shanghái y Zúrich para compartir opiniones e información acerca de las experiencias de nuestros usuarios.”

Conoce al equipo en el Centro de Contacto de SingularDTV en San Juan, Puerto Rico:

El haber seleccionado a Shanghái y Puerto Rico como sedes para nuestros Centros de Contacto es esencialmente una cuestión ideológica. Según nos explica LeBeau, “el crecimiento orgánico es importante para SingularDTV, por lo que a menudo aquellas rutas que ofrecen la menor resistencia resultan ser las más influyentes para proliferar la misión y conceptos de SingularDTV. “Puerto Rico es ejemplo de cómo la economía de un país puede ser decimada por fuerzas centralizadoras. En China, las fuerzas centralizadoras que operan a través del gobierno limitan la libertad de expresión y asimismo censuran a sus ciudadanos. No es de extrañar entonces que haya surgido un equipo de SingularDTV con tal dedicación y empeño para operar en ambientes como éstos.”

Uno de los productos del crecimiento orgánico que ya hemos podido presenciar, incluso en las fases primarias de nuestros centros de contacto, es el ‘Blockchain Bootcamp.’ Como respuesta a la curiosidad emergente del público local, en Puerto Rico nuestro equipo ha preparado un seminario web de tres días de duración con el propósito de instruir a aquellas personas que aún no conocen las oportunidades que conlleva la tecnología descentralizada, y el poderío que ésta pone a sus alcances. El denominado Blockchain Bootcamp pronto estará disponible en nuestros Centros de Contacto y a través de SingularDTV.

A medida que la revolución de la descentralización continúa creciendo, es importante recalcar que todos los avances tecnológicos y masivas valoraciones monetarias no significan nada a menos que logren facilitar verdaderos cambios en el panorama del mundo. Los centros de contacto de SingularDTV están comprometidos con esta visión de empoderar al público a través de la descentralización. “Se trata de un movimiento”, dice Zach LeBeau, “donde no son las corporaciones ni los conglomerados, sino la gente, quien determina la rapidez con que se esparcen las raíces de este nuevo internet descentralizado.”

Pueden comunicarse con el centro de contacto de Puerto Rico llamando al 1–855–815–2572. ¿Qué tal si les dan una llamada y se presentan?

ATLANT Platform: Major Alpha Release

ATLANT Decentralized Exchange, ATLANT Wallet and PTO Smart Contracts

The ATLANT team today released its alpha v0.1 encompassing a substantial part of the ATLANT Platform framework. ATLANT is a real estate platform built on the blockchain, specializing in tokenization of real estate and decentralized P2P rentals.

This release comes in advance of Atlant’s ICO Launch this coming week, September 7 at 1:00 UTC. The team announced three new platform components for its global real estate platform that are now available for preview on:

  1. ATLANT Decentralized Exchange atlant.io
  2. ATLANT Wallet https://goo.gl/oKKJY8?utm_source=rss&utm_medium=rss
  3. Template PTO Smart Contractcom/AtlantPlatform.

Below are screenshots of ADEX & Android Wallet and features implemented in the release:

ATLANT Decentralized Exchange

ATLANT Decentralized Exchange

ATLANT Wallet

  1. ATLANT ADEX CLIENT
    — ATLANT Decentralized Exchange (ADEX) web client implementation
    — ADEX web client supports ATL, BTC, ETH and mock property token trading, as well as token swap & basic token management
    — ADEX Client handles real time market data updates and supports the following trading features (including).
  • Token trading (basic)
     · Token trading (advanced order types)
     · Token swap
     · Token management
     · Historical data
     · Account management
     · Exchange APIs
     · Leveraged trading
  1. ATLANT ANDROID APP
    — ATLANT Android Client Implementation
    — Platform token holders use the app to manage both Ether and ATL platform tokens, and additionally manage & trade property tokens listed on the ATLANT Platform (e.g. 15Grove or 431Kings).
    — Current alpha release supports ATLANT Platform tokens (ATL) management, implementing basic wallet & token operations.

III. TEMPLATE PTO (Property Token Offering) SMART CONTRACT
— Generic PTO Smart Contract (audited)

Please visit atlant.io for more detailed information regarding the ATLANT Platform.

The post ATLANT Platform: Major Alpha Release appeared first on BTCMANAGER.

The Decentralization Frontier — Value Chains are Catching the Drift

Decentralization is starting to capture the imagination of global markets, and marketmakers.

Devil’s Kitchen, Lassen Volcanic National Park, CA

Naval Ravikant, the “blockchain whisperer” and venture capitalist with over 255K Twitter followers, claims:

This recent renaissance in decentralized thinking has largely gained momentum due to the transformative nature of blockchain technology itself. The DAO (Decentralized Autonomous Organization) was a digital decentralized autonomous organization and, despite its ultimate downfall, represented a new form of investor-directed venture capital fund. The DAO was “instantiated on the Ethereum blockchain, with no conventional management structure or board of directors.”

Decentralization as a business model is a powerful idea, but it is not a new one. In fact, supply chains have been operating as Decentralized Autonomous Organizations for centuries (think back to Marco Polo, when he walked the Silk Road). Since at least the 1990s, supply chains (e.g., fabless semiconductor companies, cell phone manufacturers, etc.) have tried to operate as virtual decentralized enterprises, using digital technology enablers to coordinate activities with varying degrees of success.

Many of the obstacles to decentralized operation have been due to systems. Since the early days of faxes and EDI, communication methods vary wildly and a lot of manual paperwork still survives. Enterprise Requirements Planning (or ERP) is inadequate for multi-vendor planning at best, because ERP is enterprise-centric. Data becomes centralized and siloed in proprietary systems that don’t play well with others.

Many additional obstacles have been cultural and organizational — it is hard for companies to execute operating plans for virtual supply networks, given corporate goals, board restrictions and competitive behavior that inhibits true collaboration among all participants.

People have suffered as a result, with companies reneging on their social contracts, treating their skilled labor as commodities, with supply chain professionals languishing, underutilized and under-rewarded. Such wasted talent is ignorant, and in cases, tragic.

Sweetbridge is using Blockchain to enable the next logical step in supply chain management. Sweetbridge is enabling decentralized autonomous sets of individuals, DAOs (such as guilds, programmers, DAOs, etc.), and companies to come together to provide value to customers and to the supply chain participants themselves. Sweetbridge will allow networks of networks to operate and evolve seamlessly by providing a distributed, decentralized, inter-enterprise operating platform.

Today, virtual supply chains attempt to operate in company-centric, server-based environments, with the result that they are brittle, not scalable, and cannot fully tap the underutilized skills and assets available in today’s business networks.

For example, €3.5 trillion euro are locked up in net working capital in today’s supply chains. What would a 1% improvement in Invoice-to-Cash cycle times mean to the world’s working capital? ~€35B of cash immediately returned to operations.

In this new decentralized picture, Sweetbridge believes that there are vast opportunities to synchronize processes across supply networks, resulting in lowered Cost-of-Goods-Sold (COGS) and more cash freed from Working Capital, while bringing higher customer satisfaction.

The conundrum for all current supply chains has been their inability to become agile. Beyond operations, supply chains must be able to change their configurations quickly and continually, to meet the ever-changing dynamics of supply and demand.

Supply chains must evolve from brittle, slowly evolving, tightly connected companies to more organic, evolving organisms that adapt to the ebb and flow of demand and supply.

Enabling assets and value to flow — enabling the liquidity of supply chain assets and network configurations — and providing the ability to fully utilize networks beyond the physical supply chain, is Sweetbridge’s goal.

Sweetbridge recognizes that the key to this new paradigm is people: individuals and Decentralized Autonomous Organizations represent networks that have not been fully considered in today’s virtual supply chains. Tremendous human capital and intellectual property (IP) are available, but are underutilized and under-compensated in our world today.

Sweetbridge believes that decentralized networks of skilled individuals and DAOs can be brought together to provide value to companies, supply chains, customers, and to themselves. With such networks, economic incentives can be aligned, to that everyone prospers, based on their contributions of time, skill, and IP, as monitored and administered through outcome-based smart contracts on the blockchain.

This is Sweetbridge’s vision of the new decentralization. You are welcome wherever you are.

About Sweetbridge

Sweetbridge sponsors the development of blockchain-based economic protocols and applications to transform high-friction global supply chains into Liquid Value Networks. The Swiss-based non-profit foundation is gathering interested industry technologists, blockchain projects and open-source contributors from around the world to form a blockchain alliance. The shared goal is to transform brittle, industrial-era commerce through decentralized industry ecosystems that create a faster, fairer value exchange, unleash working capital, better utilize resources and optimize talent for the benefit of all participants.


The Decentralization Frontier — Value Chains are Catching the Drift was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.

Simplifying the Plasma Whitepaper

Here we’ll quickly breakdown what plasma is and the system’s consensus protocol, potential vulnerabilities, and projected future state — all straight from the whitepaper in a way we call can understand!

Here’s my annotated version of the white paper with notes.

What is Plasma?

Plasma is a way to do scalable computation on the blockchain. Plasma is a series of smart contracts which runs on top of an existing blockchain that focuses on batch transaction enforcement and settlement to better scale load on parent chain (E.g. Ethereum). The purpose of Plasma is to make blockchain transaction throughput and settlement much more scalable, while introducing additional features of cross-chain transaction interoperability. Plasma is a “chain within a blockchain.” Incredibly high amount of transactions can be committed on this Plasma chain with minimal data hitting the root blockchain given that only the block hashes of the Plasma chain are submitted to the root chain to check for fraudulent blocks (blocks with fraudulent transactions within them)

Plasma makes blockchain transactions P2P efficient, while maintaining consensus validity across all transactions.

More importantly, Plasma makes it so that not everyone has to validate your transaction (like in PoW). Rather, the root chain can still attest to any potential fraud by analyzing the submitted Plasma block. Plasma makes blockchain transactions P2P efficient, while maintaining consensus validity across all transactions.

Plasma Consensus Protocol

  • The consensus mechanism for this proof of stake system, is again, enforced in an on- blockchain smart contract.
  • Instead of enforcement of an incrementing nonce state (via revocations), we construct a system of fraud proofs to enforce balances and state transitions of these chain hierarchies. In effect, we are able to create state transitions which are only periodically committed to parent chains (which then flows to the root blockchain).
  • Constructs computation in a MapReduce format to more easily design computation and state transitions in a hierarchical tree. This creates economically enforceable computation at scale, with only one block header/hash committed on the root chain to encompass very high amount of data and work. It is only if a block is faulty that proof of invalidity is published, otherwise extremely minimal amounts of data is submitted on the root chain periodically.
  • You can assert computations with down the line consensus
    where faults are caught by block (not tx)
  • The role of the token is to ensure there is costs localized to the validators if they act faulty via value declines in the token.
  • Plasma uses a merkleized proof to enforce child chains. The fraud proofs ensure that all state transitions are validated.
  • The Plasma chain publishes its block header on the root chain and its header is enforced by the fraud proofs. In the event a fraudulent header is published with data availability for others’, any other participant can publish a fraud proof and the commitment and block is rolled back, with penalties to the publisher.
  • A series of map and reduce functions allow for the blockchain to operate in such a way whereby there is obligation to process data. This requires the parent and children to create obligation of processing. Children must include the parent passing in data else the chain will halt.

Potential Vulnerabilities

  • If no one is watching/enforcing the computation, it’s presumed to be correct, or it simply doesn’t matter what the result may be. This could be a big assumption —as it would mean that whichever network you
    create using Plasma, all nodes must be invested in whatever transactional network is operating
  • Free Problem Option — In smart contracts, there is an issue of the ”free option problem” whereby the receiver (second or last signer) of a smart contract offer is needed to sign and broadcast the contract in order to enforce it
  • Inability to immediately verify state until next block confirmation by root blockchain

Leftover Inquiries

  • Can nodes DDOs network with opposing bonded proofs to hold up withdraws?

Potential Future State and Application Stack

  • Exponential increase in scalability when transacting over ethereum network with decreased fees
  • Modularize blockchain transactions into multiple, hierarchal Plasma chains for increased Dapp scalability

The Future of Blockchains: More Than Just Digital Money

How Innovations with Blockchain Governance Could Usher in a New Era of “Digital States”

People who are new to the world of Bitcoin often ask the question, “What gives Bitcoin value?” A popular answer is that it has certain properties that make it the best store of value — think of it as gold 2.0.

But perhaps one of the most valuable features of Bitcoin is that it is decentralized. This decentralization enables its users to resist censorship of all kinds. Furthermore, subject A could send money to subject B without having to use a third party like a bank.

As we see billions of dollars pouring into cryptocurrencies it is important to think about the impact this growth will have on banking, the structure of governments, and on the nature of work.

Many economists foretold the emergence of a global currency. But currencies as we know them today are national, which means that they are inextricably connected to nations via tax-collecting and central banking. What will happen to this type of money if and when cryptocurrencies become the way people hold and exchange value?

When a currency is no longer tied to a nation state, two things happen:

1) The currency is globalized

2) The currency competes with other currencies in the global market

This competition drives value up in the world of cryptocurrency, as we see many projects have been created recently to experiment with the blockchain. Some have created decentralized storage systems, others have created a worldwide super-computer, and still others use the blockchain for a variety of services like legal processes, healthcare records, and real estate documentation.

Digital Money, Digital Central Banking, and Digital States

Just recently, Joseph Lubin, founder of ConsenSys — a major player in the blockchain world — visited the island of Mauritius with the hopes of creating “Ethereum Island.” His dream was to create a place where everything is decentralized and run by the people, for the people. These Ayn Rand style “paradise islands” aren’t as futuristic as you may imagine.

Rather, Lubin’s dream may be closer to becoming realized than even he imagined. Another project called Decred, with roots in a 2013 proposal by Litecoin creator, Charlie Lee, has already moved from theory to practice and has created a completely decentralized community.

In June 2017, anyone holding a Decred token was able to vote about the future of the company and community. One of the things they voted on was Lightning Network integration, a feature that will make transactions instant.

A major hurdle to the widespread adoption of Bitcoin is its transaction speed, as confirmation times can take approximately twenty minutes. This currently makes it impractical as a payment system because imagine having to pay for a cup of coffee and then having to wait twenty minutes for a confirmation!

Enter Lightning Network, a technology that allows instant transactions via the blockchain. Wonderful, you might say, but why hasn’t Bitcoin adopted it yet? It boils down to a question of governance. Since there is no single entity controlling Bitcoin, who decides what kind of new technologies Bitcoin adopts?

This is where on-chain governance shows its effectiveness. The stakeholders of Decred (people holding “DCR” coins) voted on Lightning Network integration using their coins. This is possible via Decred’s Proof-of-Activity system. Without going into detail, the process of integrating new tech is done quickly via on-chain voting. This is a very interesting experiment and is something that’s never before been seen in this space. Decred’s developers are directly funded from Decred’s “dev subsidy,” which is analogous to a state tax (a portion of new mined coins goes into it), a fund that will be controlled by the community. In the upcoming update, people will be able to submit proposals which will be voted on by the community and then funded by the subsidy. Taxes, subsidies, on-chain voting, contractor work — does it sound familiar? Are we approaching the era of digital states?

This kind of decentralized digital organization is something that has never existed before in history: an organization with its own currency, its own “central banking” governed by its own people who are able to fund ventures with the community’s own resources.

I can’t help but think that we’re seeing the beginning of the future currency that will be run by people. And this revolution will be worth more than gold.

Jolocom: Who owns and controls your data?

I always believed that I should be in control of my own data and share it accordingly. Therefore in 2002 I started Jolocom in San Francisco. But back then the resistance to open networks and communication was very strong, and the technological barrier to enter the market quite high. In the meantime at first social media and later blockchain changed the rules of the game. This is what lead us to start with Jolocom 3 years ago and ever since we won various grants, build a great team and a functional prototype.

It all started during my time with Lufthansa

From my naive perspective this was kind of crazy. During my time at Lufthansa valuable information existed throughout the company, tons of it. But to actually get access to most of the information was almost impossible. Sharing of information was seen as destroying its value.

That is why the marketing department had to make decisions without much needed information from the sales or finance departments. Needless to say that very often decisions led to conflict, and sometimes even to take the company itself at risk.

In 2002 I started Jolocom as a project to help people in companies to better communicate and share information amongst them. It was obvious to me that if we would improve the information flow, the marketing department could make better decisions which would lead to a better alignment towards the overlying goals and strengthen the company itself.

When I tried to talk to SAP

Presenting this idea to companies quickly gave me harsh feedback. Someone at one point even called me a communication terrorist. Later in 2002 I reached out to Hasso Plattner who was just about to leave his role as CEO at SAP. The idea was to embed a communication suite in the ERP software. One of his last acts was to invite me over to Walldorf where he sent a delegate to discuss the project. Needless to say that this led nowhere.

The resistance was very strong, and still the technological barrier to enter the market quite high. So I decided to give it some time.

Skipping a few years ahead we now entered the Web 2.0. Social media and search was on the rise and all of a sudden data was flowing in different ways. Also companies started to move services to the cloud and big data became the thing. I observed this development closely and saw how a monster was created which put us all into data slavery, individuals and companies alike, except for a few that managed to centralize data streams through their platforms.

The internet today has many flaws

“It (the Internet) controls what people see, creates mechanisms for how people interact,” says Sir Tim Berners Lee. “It’s been great, but spying, blocking sites, repurposing people’s content, taking you to the wrong websites — that completely undermines the spirit of helping people create.”

Who owns your data got a serious concern. That is where I picked up the original idea from 2002. Data and information should be about sharing and collaborating. Only now individuals and companies start to have a shared interest to own their data, not least due to the GDPR (General Data Protection Regulation) by the EU which aims to establish a respectful and ethical way to share data, and clarifying who owns the data. The fact that big data — our data — lies in the hands of a few large platforms undermines the right of privacy. Similar than the inventor of the Web also I felt that the time is here to give power back to the users.

Who gets access, who can share it? Questions how to share data and information to better collaborate felt always off for me. Back then we were not even talking global sharing, we were still in the times of intranet and Web 1.0. We looked at how communication flows or rather didn’t flow in companies. Why? Because the mindset still was that to collect and protect data is the way to go, simply because data was still seen as tangible asset. To share it meant — and to too many minds still means — to give something away.

Own your own data

In spite of all the headwind the idea that data and information should be about sharing and collaborating never escaped my mind. In the end, it took me 12 years, but in May 2014 we officially founded Jolocom. Initially we started to research which technology we should use, apply for grants, etc. In May 2015 we received our first grant from Investment Bank Berlin Brandenburg (IBB) to work with a design agency for building our initial prototype — a proof of concept so to say. The prototype was based on Solid — the project that Tim Berners Lee develops at MIT. This we presented a bit later in San Francisco during our GETD#2 at the RedVic and Internet Archive for the first time, and a next version one year later during the Decentralized Web Summit again at the Internet Archive (see pic with Sir Tim Berners Lee, Brewster Kahle and Nicola Greco).

Later that summer we got news that we won a call from the EU H2020 to build the AGILE IoT gateway. Jolocom’s part was to help individuals control their data that comes from sensors and devices (data is stored in the domain of the user, from where (s)he can share it with whom they wish — instead of being stored on any big data platform by default).

The last nine month we have been collaborating with Fraunhofer FOKUS, the famous german research institution to connect Ethereum to Jolocom’s concept of a self-sovereign digital identity. Along this project we have been developing a SmartWallet which will be available for testing in a few weeks.

Currently Jolocom is a team of nine amazing individuals, mostly based in Berlin where we share the office with Ethereum and great projects like Blockchain Hub, Brainbot, Electrum and Gnosis.

Up until now, we have been mostly in stealth mode, because we wanted a mature prototype before going public. We already have a lot of code and a fairly good idea of what works and what not. Over the next few weeks we will be happy to share more documentation and our insights with you.

Our entire codebase is open source.

We would love to have your input!
Engage with us over these channels:

Website Twitter Telegram Gitter Github

Analyzing the ZRX Token Sale

Key Metrics and Learnings

Summary

The ZRX token sale took place last week, starting at 8am PT on August 15. Just 24 hours and 10 minutes into the sale, 100% of the 500M ZRX tokens that were set aside for sale had been purchased for a total of $24 million. After months of rigorous testing, this event was the first large scale trial of 0x protocol v1.0 live on the Ethereum mainnet and the contracts worked as expected. We are extremely grateful to the community that has formed around 0x and the greater than 13,000 token holders that are helping us build the future of exchange. We are also proud to have accomplished this milestone having spent $0 on marketing, having engaged in zero backdoor pre-sale engagements, and while completely avoiding international ICO financing platforms.

This post will break down a few registration and token sale metrics as well as discuss the things we learned along the way. Hopefully, other projects can use this data to improve upon the approach we decided to take.

Registration Metrics

The registration period for the ZRX token sale was originally planned to remain open for four days (August 9–12). We wanted to give potential registrants a sufficient amount of time to work through the technical issues and anxiety that inevitably surface when getting hands on with a new technology (in this case, the Civic app and cryptographically signing a custom message). Around 24 hours into the registration period it became clear that most of the people that had been planning to participate in the ZRX token sale registered early and that Sybil attacks were picking up. As a result, we decided to cut the registration period short by one day to give less time for attackers to register multiple accounts. We encourage future projects to experiment with various anti-Sybil mechanisms and timeframes for their own registration processes.

Cumulative Registrations vs. Time

Queue-it was used to control the rate at which users could be fed through the registration flow, reducing the load on Civic’s backend and giving us this relatively smooth curve.

Registrations vs. Geography

A great majority of the people that registered to purchase ZRX tokens were based out of the United States and Canada. We strongly believe that everyone should have the opportunity to take advantage of open source software and that, in the future, as the world becomes more connected, the concept of geographic restrictions will seem bizarre. The decision to cap the purchase amount per individual was chosen as a way to maximize the distribution of ZRX tokens across as many people as possible while only raising as much funding as needed to accomplish our goals. That being said, registrants from sanctioned countries were not added to our whitelist and, therefore, were not able to participate in the token sale.

Location determined via IP and phone number. Image reflects number of registrations prior to removing sybil attack accounts and accounts from sanctioned countries and regions.

Token Sale Metrics

Purchases vs. Time

The first day of the ZRX token sale was a relatively smooth process as every registrant was guaranteed a full 24 hours to purchase an equal-size individually-assigned allotment of tokens. Despite the 24 hour window and our best efforts to communicate that there was no need to rush, we found that most registrants did rush to purchase tokens during the first hour causing network congestion and straining our own backend system as well as the MyEtherWallet and INFURA Ethereum nodes. We hosted ten Parity nodes behind a load balancer which were receiving more than 500,000 requests per second. Tip for future projects: reach out to Infura ahead of time and get set up with a proper backend.

We were surprised to see that approximately 80% of the ZRX were sold on the first day, indicating that only a small portion of registrants forgot to purchase tokens or purchased less than the $1,893 purchase cap (we were expecting anywhere from 45–65% of the tokens to be sold). As a result, day two turned into a typical first-come-first-serve race to purchase the remaining 20% of ZRX, resulting in significant congestion on the Ethereum network, wasted gas and disappointed community members. A more equitable yet sophisticated approach would have been to split up the remaining 20% evenly among the total number of registrants.

All ZRX were sold out 38 blocks into day 2. The network mempool blew up in a matter of seconds as registrants competed to get their transactions included in a block. Not the best approach by the 0x team, whoops.

Purchase Size Distribution

Just under 8,000 registrants purchased their full day one individual cap of 6.77 ETH ($1,893) worth of ZRX tokens, while on day two only around 1,000 registrants were able to purchase the increased cap before all ZRX had been sold out. Many people’s attempts to purchase ZRX on day two failed. Future projects using equal-size individually-assigned purchase caps should modify our approach to avoid the issues we encountered on day two.

Total Number of ZRX Holders vs. Time

By plotting the total number of Ethereum addresses containing ZRX over time we were hoping to observe consolidation of ZRX tokens into accounts controlled by Sybil attackers, which could provide a means of quantifying the amount of Sybil attacks that took place during the sale. We think this would be interesting to look into further. In any case, the 0x team is quite pleased with the wide distribution of ZRX tokens which are now scattered across greater than 13,000 Ethereum addresses.

Quantifying Decentralization

Balaji S. Srinivasan’s recent blog post Quantifying Decentralization proposes a few interesting metrics for quantifying the effective decentralization of a complex system that is composed of subsystems, each of which have their own distinct vulnerabilities. In the context of 0x protocol, important factors that will ultimately determine the robustness of the network will be the number and diversity of Relayers, blockchains, token holders and developers that comprise the 0x ecosystem. Since 0x is still in its infancy, it is quite centralized on almost all fronts. The ZRX token sale was the first step towards decentralizing the 0x ecosystem and, through our token distribution strategy, we have already achieved reasonable levels of decentralization across token holders.

Balaji shows that the Gini coefficient, which in this case is used to quantify the distribution of wealth across all owners of a cryptocurrency, is 0.65 for Bitcoin and 0.76 for Ethereum. Despite the 0x organization holding ~30% of all ZRX tokens plus the founding team and early backers vesting another 20%, the Gini coefficient as applied to the distribution of ZRX across all Ethereum addresses is 0.627, indicating that ownership of ZRX tokens is more “equally distributed” than Bitcoin or Ethereum (this point is fun to think about, but not all that meaningful for such a small early stage project).

What to expect over the next few months

  • Now that we have sufficient funding, we will be looking to expand our team. Finding and vetting world class talent is hard work. There will likely be a ramp up period between now and the time when our productivity will noticeably increase. It is important not to rush this process and to give it the attention it deserves. If you or someone you know is interested in a role at 0x, please send us a cover letter and resume at jobs@0xproject.com!
  • On the engineering side, we will continue to focus on improving our existing products 0x OTC (which has gained significant traction in the last few days) and 0x.js (a critical tool for Relayers). You can expect relatively frequent updates on our progress.
  • We will continue to work with external development teams that are building Relayers on top of 0x protocol, some of which are yet to be announced.
  • On the operations side, we will continue to organize our 0x hackathon which will now likely take place in November. We will also be publicly announcing the 0x External Development Grant Program, which will add further traction to the already blistering Relayer development community.

Thank You

Thank you for helping us reach this milestone. The 0x team is working harder than ever to execute on our development roadmap, build amazing tools and lay the foundation for the token economy. To stay up to date with 0x news you can join us on Slack, Twitter and Reddit!


Analyzing the ZRX Token Sale was originally published in 0x Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

Analyzing the ZRX Token Sale

Key Metrics and Learnings

Summary

The ZRX token sale took place last week, starting at 8am PT on August 15. Just 24 hours and 10 minutes into the sale, 100% of the 500M ZRX tokens that were set aside for sale had been purchased for a total of $24 million. After months of rigorous testing, this event was the first large scale trial of 0x protocol v1.0 live on the Ethereum mainnet and the contracts worked as expected. We are extremely grateful to the community that has formed around 0x and the greater than 13,000 token holders that are helping us build the future of exchange. We are also proud to have accomplished this milestone having spent $0 on marketing, having engaged in zero backdoor pre-sale engagements, and while completely avoiding international ICO financing platforms.

This post will break down a few registration and token sale metrics as well as discuss the things we learned along the way. Hopefully, other projects can use this data to improve upon the approach we decided to take.

Registration Metrics

The registration period for the ZRX token sale was originally planned to remain open for four days (August 9–12). We wanted to give potential registrants a sufficient amount of time to work through the technical issues and anxiety that inevitably surface when getting hands on with a new technology (in this case, the Civic app and cryptographically signing a custom message). Around 24 hours into the registration period it became clear that most of the people that had been planning to participate in the ZRX token sale registered early and that Sybil attacks were picking up. As a result, we decided to cut the registration period short by one day to give less time for attackers to register multiple accounts. We encourage future projects to experiment with various anti-Sybil mechanisms and timeframes for their own registration processes.

Cumulative Registrations vs. Time

Queue-it was used to control the rate at which users could be fed through the registration flow, reducing the load on Civic’s backend and giving us this relatively smooth curve.

Registrations vs. Geography

A great majority of the people that registered to purchase ZRX tokens were based out of the United States and Canada. We strongly believe that everyone should have the opportunity to take advantage of open source software and that, in the future, as the world becomes more connected, the concept of geographic restrictions will seem bizarre. The decision to cap the purchase amount per individual was chosen as a way to maximize the distribution of ZRX tokens across as many people as possible while only raising as much funding as needed to accomplish our goals. That being said, registrants from sanctioned countries were not added to our whitelist and, therefore, were not able to participate in the token sale.

Location determined via IP and phone number. Image reflects number of registrations prior to removing sybil attack accounts and accounts from sanctioned countries and regions.

Token Sale Metrics

Purchases vs. Time

The first day of the ZRX token sale was a relatively smooth process as every registrant was guaranteed a full 24 hours to purchase an equal-size individually-assigned allotment of tokens. Despite the 24 hour window and our best efforts to communicate that there was no need to rush, we found that most registrants did rush to purchase tokens during the first hour causing network congestion and straining our own backend system as well as the MyEtherWallet and INFURA Ethereum nodes. We hosted ten Parity nodes behind a load balancer which were receiving more than 500,000 requests per second. Tip for future projects: reach out to Infura ahead of time and get set up with a proper backend.

We were surprised to see that approximately 80% of the ZRX were sold on the first day, indicating that only a small portion of registrants forgot to purchase tokens or purchased less than the $1,893 purchase cap (we were expecting anywhere from 45–65% of the tokens to be sold). As a result, day two turned into a typical first-come-first-serve race to purchase the remaining 20% of ZRX, resulting in significant congestion on the Ethereum network, wasted gas and disappointed community members. A more equitable yet sophisticated approach would have been to split up the remaining 20% evenly among the total number of registrants.

All ZRX were sold out 38 blocks into day 2. The network mempool blew up in a matter of seconds as registrants competed to get their transactions included in a block. Not the best approach by the 0x team, whoops.

Purchase Size Distribution

Just under 8,000 registrants purchased their full day one individual cap of 6.77 ETH ($1,893) worth of ZRX tokens, while on day two only around 1,000 registrants were able to purchase the increased cap before all ZRX had been sold out. Many people’s attempts to purchase ZRX on day two failed. Future projects using equal-size individually-assigned purchase caps should modify our approach to avoid the issues we encountered on day two.

Total Number of ZRX Holders vs. Time

By plotting the total number of Ethereum addresses containing ZRX over time we were hoping to observe consolidation of ZRX tokens into accounts controlled by Sybil attackers, which could provide a means of quantifying the amount of Sybil attacks that took place during the sale. We think this would be interesting to look into further. In any case, the 0x team is quite pleased with the wide distribution of ZRX tokens which are now scattered across greater than 13,000 Ethereum addresses.

Quantifying Decentralization

Balaji S. Srinivasan’s recent blog post Quantifying Decentralization proposes a few interesting metrics for quantifying the effective decentralization of a complex system that is composed of subsystems, each of which have their own distinct vulnerabilities. In the context of 0x protocol, important factors that will ultimately determine the robustness of the network will be the number and diversity of Relayers, blockchains, token holders and developers that comprise the 0x ecosystem. Since 0x is still in its infancy, it is quite centralized on almost all fronts. The ZRX token sale was the first step towards decentralizing the 0x ecosystem and, through our token distribution strategy, we have already achieved reasonable levels of decentralization across token holders.

Balaji shows that the Gini coefficient, which in this case is used to quantify the distribution of wealth across all owners of a cryptocurrency, is 0.65 for Bitcoin and 0.76 for Ethereum. Despite the 0x organization holding ~30% of all ZRX tokens plus the founding team and early backers vesting another 20%, the Gini coefficient as applied to the distribution of ZRX across all Ethereum addresses is 0.627, indicating that ownership of ZRX tokens is more “equally distributed” than Bitcoin or Ethereum (this point is fun to think about, but not all that meaningful for such a small early stage project).

What to expect over the next few months

  • Now that we have sufficient funding, we will be looking to expand our team. Finding and vetting world class talent is hard work. There will likely be a ramp up period between now and the time when our productivity will noticeably increase. It is important not to rush this process and to give it the attention it deserves. If you or someone you know is interested in a role at 0x, please send us a cover letter and resume at jobs@0xproject.com!
  • On the engineering side, we will continue to focus on improving our existing products 0x OTC (which has gained significant traction in the last few days) and 0x.js (a critical tool for Relayers). You can expect relatively frequent updates on our progress.
  • We will continue to work with external development teams that are building Relayers on top of 0x protocol, some of which are yet to be announced.
  • On the operations side, we will continue to organize our 0x hackathon which will now likely take place in November. We will also be publicly announcing the 0x External Development Grant Program, which will add further traction to the already blistering Relayer development community.

Thank You

Thank you for helping us reach this milestone. The 0x team is working harder than ever to execute on our development roadmap, build amazing tools and lay the foundation for the token economy. To stay up to date with 0x news you can join us on Slack, Twitter and Reddit!


Analyzing the ZRX Token Sale was originally published in 0x Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

We have published a full feasibility study of the Ties.Network

We have published a full feasibility study of the Ties.Network and Ties.DB projects, which includes:

- Market analysis overview and business needs.
- Dynamics of the market development and prospects for business social networking for the crypto community.
- Revenue generating streams. Economic justification of all cash flows.
- Costs and EBITDA.
- DPP, NPV, and project IRR for the next five years.
- Prospects for the growth of the TIE token rate, as well as the overall market capitalization of all TIE tokens for best and worst case scenarios.
- A detailed description of the principles behind issuing TIE tokens including a comprehensive analysis of the market, the token cost, as well as other details necessary for making an investment decision during Ties.Network Token Generation Event.
- A detailed project roadmap, with a clear and step-by-step explanation of how the project will develop and function, as well as the overview of marketing and other activities we are engaged in for project launch success.

More details are available at https://cdn.ties.network/BusinessOverview.pdf
Please follow the link under the “Business Overview” button on the Ties.Network website.

Website:
http://ties.network

BitcoinTalk:
https://bitcointalk.org/index.php?topic=2092900.new

Follow us:
http://blog.ties.network
http://twitter.com/tiesnetwork
http://reddit.com/r/tiesnetwork

Communication:
http://t.me/tiesnetwork
http://slack.ties.network

Questions:
info@ties.network


We have published a full feasibility study of the Ties.Network was originally published in TIESNETWORK on Medium, where people are continuing the conversation by highlighting and responding to this story.