Dynamic Time Warping: BitCoin - jsideas

An Open Standard To Problem Solving

silene is a community for posting interesting solutions to problems by outlining the solutions themselves and their applications to other problems in a simple, concise manner.
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One of the ideas which stuck with me is hashing and its power to verify the integrity of data securely. It inspired this visualization project entitled Cloud Hashes. Since Bitcoin uses the SHA-256 algorithm, my artwork visualizes and references many elements of this hash function.

One of the ideas which stuck with me is hashing and its power to verify the integrity of data securely. It inspired this visualization project entitled Cloud Hashes. Since Bitcoin uses the SHA-256 algorithm, my artwork visualizes and references many elements of this hash function. submitted by therealhodlonaut to Bitcoin [link] [comments]

REMINDER: Calling the BTC Blockchain "Bitcoin" is a Bad Idea and Confusing; It's Better to Refer to It As BTC or Bitcoin BTC to Show it is NOT the Only Version of Bitcoin

Yesterday this thread was highly upvoted on btc: Bitcoin user surprised he has to pay 12% fee on a video game key
While it's good to emphasize the absurdity of high network fees when we ourselves refer to the BTC blockchain as "Bitcoin" we work against ourselves and confuse people. This is what Core supporters talk about when they say Roger Ver is "scamming" people on Bitcoin.com. We understand why there can be a dispute over what Bitcoin actually is, and why Bitcoin Cash is the best representation of Bitcoin as started by Satoshi himself, but mainstream users won't.
It harms our efforts because all publications use the word "Bitcoin" and that's what early adopters, many of which are here now, recommended to help Bitcoin blow up in the first place. So when people look and see "Oh, Bitcoin is not dead but rising?! I want THAT!" Then they end up in the land of censorship, have a horrible experience with high transfer fees, hear about avoiding some scam called "BCash" because using BTC is what all the fuss and excitement is about, then they scratch their head and create posts like the one above!
Let's proactively change the narrative. Until we do Bitcoin BTC will continue rising while a better experience coin, BCH, struggles to catch up. The BTC chain is BINO, Bitcoin In Name Only. Let's shout it!
More: https://coinster.pro/content/56/why-the-name-bitcoin-belongs-to-bitcoin-cash
submitted by cryptos4pz to btc [link] [comments]

Bitcoin Segwit developers discuss whether to remove references to low fees on bitcoin.org, claim to have no idea why fees went up

Bitcoin Segwit developers discuss whether to remove references to low fees on bitcoin.org, claim to have no idea why fees went up submitted by moresourdough to btc [link] [comments]

REMINDER: Calling the BTC Blockchain "Bitcoin" is a Bad Idea and Confusing; It's Better to Refer to I At BTC or Bitcoin BTC to Show it is NOT the Only Version of Bitcoin

Yesterday this thread was highly upvoted on btc: Bitcoin user surprised he has to pay 12% fee on a video game key
While it's good to emphasize the absurdity of high network fees when we ourselves refer to the BTC blockchain as "Bitcoin" we work against ourselves and confuse people. This is what Core supporters talk about when they say Roger Ver is "scamming" people on Bitcoin.com. We understand why there can be a dispute over what Bitcoin actually is, and why Bitcoin Cash is the best representation of Bitcoin as started by Satoshi himself, but mainstream users won't.
It harms our efforts because all publications use the word "Bitcoin" and that's what early adopters, many of which are here now, recommended to help Bitcoin blow up in the first place. So when people look and see "Oh, Bitcoin is not dead but rising?! I want THAT!" Then they end up in the land of censorship, have a horrible experience with high transfer fees, hear about avoiding some scam called "BCash" because using BTC is what all the fuss and excitement is about, then they scratch their head and create posts like the one above!
Let's proactively change the narrative. Until we do Bitcoin BTC will continue rising while a better experience coin, BCH, struggles to catch up. The BTC chain is BINO, Bitcoin In Name Only. Let's shout it!
More: https://coinster.pro/content/56/why-the-name-bitcoin-belongs-to-bitcoin-cash
submitted by cryptos4pz to Bitcoincash [link] [comments]

A 200-year-old idea offers a new way to trace stolen bitcoins | The idea is referred to as the First-In, First-Out (FIFO) rule from 1816, when applied to Bitcoin, is that the first coin that leaves a a Bitcoin address should be considered the same coin as the first one that went into it.

A 200-year-old idea offers a new way to trace stolen bitcoins | The idea is referred to as the First-In, First-Out (FIFO) rule from 1816, when applied to Bitcoin, is that the first coin that leaves a a Bitcoin address should be considered the same coin as the first one that went into it. submitted by LeafSamurai to savedyouaclick [link] [comments]

My username ydtm refers to a foundational principle behind Bitcoin: You Do The Math. Regarding the Craig Wright spectacle, I must say that Theymos and Luke-Jr are the ones who best reflect this idea of "you do the math" - while Gavin's blog post and comments (for whatever mysterious reasons) do not.

Craig Wright just performed a public spectacle, not a mathematical proof
It is totally irrelevant whether someone, anyone - be it Gavin or Satoshi or Galileo or the Pope - writes some blog post saying they personally "witnessed the keys signed and then verified on a clean computer that could not have been tampered with". [emphasis added]
Even the further detail which Gavin provides here...
https://np.reddit.com/btc/comments/4hfyyo/gavin_can_you_please_detail_all_parts_of_the/d2plygg
...might be interesting from a sociological perspective, but from the perspective of mathematics, it is utterly meaningless.
People who know my post history know that I have supported Gavin's approach for "simpler and safer scaling now" via things like bigger blocks and Classic - and I have vehemently criticized Theymos for being tyrannical and Luke-Jr for being doctrinaire.
But regarding Craig Wright's extraordinary claims and his unorthodox methods for supposedly "proving" them, Gavin is wrong (for believing them - or, more precisely, for expecting us to believe his hearsay testimony about them) and people like Theymos and Luke-Jr - as well as many other people on these threads - are right (for questioning or simply ignoring Craig's claims and "demos").
This little demo in London is not, and has never been, the way a mathematical proof is done.
And, frankly, aside from any particular details of this so-called irrelevant pseudo-"proof", it is shocking that Gavin does not know this basic underlying fact about the methods of mathematics - which go back for centuries, long before we started doing mathematics with the assistance of electronic computing machines.
Someone (in this case, Gavin) talking about having witnessed some pixels on a screen driven by a heap of metal and silicon stirring "a vast sea of binary soup" on a machine running a von Neumann architecture manufactured by Intel or AMD using some "funky OpenSSL procedure" is not and has never been "mathematical proof" - and it is shocking that Gavin suddenly seems to have forgotten this well-known mathematical fact.
Gavin may "believe" that he "witnessed" a mathematical proof. And it's fine for him to write about this on his blog. But he should not present his witnessing and his blogging as some kind of "mathematical proof" for the rest of us.
Because (as many of us might remember from our high school geometry classes): mathematical proof is not and cannot be provided by a mere human witness or blog report or reddit comment.
As we all know, a person or a comment might talk about a proof, and might even (for convenience) provide a reference or link to the proof itself - so that we could all reproduce it.
But the "proof itself" must involve a publicly available method or algorithm which any interested party can access and repeat / reproduce on their own, to their own satisfaction.
And it would be shocking and appalling for someone who supposedly knows a bit about math (Gavin) to not understand this basic fact about mathematics. I don't know what the hell happened to Gavin here, but this sure is yet one more fascinating event in the ongoing drama of Bitcoin!
Proofs vs politics
If you're inclined towards tinfoil theories, then what we're seeing could also possibly be interpreted as an economic or political event (ie: a stunt?), when we remember that the proposition whose truth is supposedly being "proven" in this case happens to involve:
There could be enough drama and mystery here for us to engage in wild speculation and theorizing until the last Bitcoin is mined. But that's not what this post is mainly about. This post is about proof.
Everyone who took high school geometry knows what a "proof" is
As we know, a mathematical proof, unlike a political stunt or a public spectacle, is essentially an abstract artifact (in math it's often called a "theorem" or an "assertion") in association with one or more concrete (but, most importantly: public and reproducible) "realizations" or implementations demonstrating the "truth" of that theorem of assertion. By the way, all these various realizations or implementations (or proofs) are in some sense equivalent - even if they might happen to use different "languages" or formats.
The important thing of course is that a proof must be arbitrarily reproducible by anyone, using their own methods and tools - and hardware!
For example, some people might prefer to go through the steps of a proof on a laptop using a library written in C++ or Python, others might use the Coq theorem prover, and others might use pen-and-paper. Some people might use an algebraic approach, others might use a geometric approach, etc.
But the point is: a proof is just an abstract idea (theorem or assertion) plus the concrete implementation(s) which demonstrate its "truth" - with the implementation(s) getting done again and again, by anyone in the public who wants to - not just once on some laptop during some event in London before some hand-picked witness who got specially flown in for the occasion.
A "proof" must be public, repeatable, and reproducible
A proof is something you (can and should) do yourself.
You. The public. Everyone in their own way, using their own language, to repeatedly prove the same proposition, in their own way, to their own satisfaction, on their own device.
In order to verify that 32 + 42 = 52 you don't rely on a blog post from some guy who got flown to London and who personally "witnessed" it.
You prove it yourself, whichever way you know best - using a calculator, your laptop, your smartphone, chalk on a blackboard, pen and ink on back of a cocktail napkin, or scribbles drawn in the sand.
Or, in another situation, to verify that some software you downloaded is authentic, you grab some public keys off servers and you run some code to check some signatures, while of course taking reasonable steps to avoid man-in-the-middle attacks, ensure that your computer is virus-free, etc.
You Do The Math
What you do not do is "believe" the mathematical proof of the Pythagorean Theorem or the Quadratic Formula or someone's cryptographic signature simply because some well-known guy got flown to London and personally "witnessed" it "on a clean computer that could not have been tampered with".
Also, by the way, that "well-known guy" should be very careful how he writes about what he "witnessed":
Those are just reporting of something that Gavin says he saw. Mildly interesting - but mathematically irrelevant.
And it is very strange that Gavin is even posting them. You would that he has enough mathematical background to know that such communications, devoid of reproducible results, are meaningless.
We all need to be able to repeat the proof ourselves
Sometimes, if a proof involves lots of details or some tricky concepts, we could alternatively watch someone else do it - but there can't be anything "up their sleeve". They have to "show all their work" - to us.
For example, you can watch some Khan Academy YouTube videos that provide nice, easy-to-follow proofs of the Pythagorean Theorem or the Quadratic Formula.
These videos are quite satisfyingly convincing. For example, to prove the Pythagorean Theorem, they use a geometric approach where they break up a triangle into chunks, and then they move the chunks around to reposition them, so you, me, anyone, can literally (geometrically) see, and "prove", that how a2 + b2 = c2 (where a and b are the "legs" and c is the "hypoteneuse" of a right triangle).
In this approach, we are verifying everything ourselves. There is nothing "hidden" - there is nothing that even could be tampered with behind the scenes: the little triangles are all there in front of us. Those proofs on the Khan Academy YouTube channel are done in chalk before our eyes. Not behind the scenes, spitting out some result, on some computer that we merely believe "could not have been tampered with".
So, the essence of the meaning of "proof" is that anyone who is interested must able to conceptually go through the actual steps themselves - it's not about taking someone else's word for it.
Proof, like Bitcoin itself, is permissionless
"Proof" isn't about doing something behind a curtain (or on a chip on a computer in London) for a specially chosen audience.
"Proof" is about me and you and anyone else being able to repeat and reproduce the results ourselves.
Maybe Gavin himself did indeed "see" something, and as far as that goes, it's fine - for him. And of course he's entitled to write a post expressing his opinions and beliefs.
But that has nothing to do with mathematical proof for us, and it would be crazy (and very un-mathematical) of him to expect us to give any mathematical weight to his personal experiences and opinions and beliefs as expressed on his blog or in his comments.
Real mathematicians and programmers (and, presumably, Satoshi) already know all this
All over these subs, many people are saying that if Craig Wright wants to prove that he is Satoshi, then he should simply follow the standard procedures for proving this (from mathematics and public-key cryptography). And if not, GTFO.
And they're absolutely right.
Satoshi Nakamoto certainly knows the standard procedures and requirements of science and mathematics and public-key cryptography - and none of them have been followed in this weird farce: most importantly, the requirements that scientific and mathematical proof must be based on a permissionless, repeatable, reproducible procedure (and not some private performance).
A bizarre episode
Maybe eventually we'll get to the bottom of all the fascinating social or political or economic details behind this bizarre episode.
And if Bitcoin does turn out to be anti-fragile the way many of us believe, then hopefully someday we all might be able to look back on this strange day as yet another twist in the history of Bitcoin and cryptocurrency.
Bitcoin is about trusting math, not humans
I have no idea what's going on with Gavin. The fact that someone so central to Bitcoin development (and so prominent on one side of the scaling debates) has gotten involved with this whole weird Craig Wright spectacle is, shall we say, "very interesting" - and could be the basis for any number of wild speculative theories.
My own (admittedly somewhat tinfoil) theory would be that, even though we don't know what specifically is happening here, we can at least take this as one more suggestive indication that certain people seem to be trying very hard to do various things to the publicly visible developers of Bitcoin. Many devs seem to have been "neutralized" in various ways - whether co-opted by a corporation (like most of the Core devs now at Blockstream), or ostracized and hounded into rage-quitting (like Mike Hearn), or now (apparently) publicly duped and discredited (like Gavin).
Meanwhile, right now I'm just happy that people like Theymos and Luke-Jr (both of whom I've vehemently disagreed with in the past) - as well as many other people on these threads - understand and insist that the only way you can prove something in Bitcoin is if "you do the math" yourself.
submitted by ydtm to btc [link] [comments]

[OC] Which front offices and agents are the 3 major newsbreakers connected to? I went through 6000+ tweets to find out!

If this sounds somewhat familiar, that's because I did a 2019-2020 version and posted it back in March.
In terms of changes from that post:
TL;DR
Tracked tweets of Woj, Shams and Haynes from 2018-2020 to see whether any of them report on a certain team or a certain agent's players more than their counterparts. Here is the main graph concerning a reporter's percentage of tweets per team separated into three periods (2019 season, 2020 offseason, 2020 season). Here is a separate graph with the Lakers and Warriors, because Haynes's percentages would skew the first graph.

During times like the NBA trade deadline or the lifting of the NBA free-agency moratorium, it’s not uncommon to see Twitter replies to (or Reddit comments about) star reporters reference their performance relative to others.
Woj is the preeminent scoop hound, but he is also notorious for writing hit pieces on LeBron (sources say it’s been widely rumoured that the reason for these is that Woj has always been unable to place a reliable source in LeBron’s camp). On the other end of the spectrum, it has been revealed that in exchange for exclusive intel on league memos and Pistons dealings, Woj wrote puff pieces on then-GM Joe Dumars (see above Kevin Draper link). Last summer, Woj was accused of being a Clippers shill on this very discussion board for noticeably driving the Kawhi Leonard free agency conversation towards the team.
This is the reason I undertook this project: to see whether some reporters have more sources in certain teams (and certain agencies) than other reporters.
First I’ll explain the methodology, then present the data with some initial comments.

Methodology

To make this manageable on myself, I limited myself to tracking the 3 major national reporters: Shams Charania of the Athletic, Chris Haynes of Yahoo Sports and the aforementioned Adrian Wojnarowski of ESPN.
The time period I initially tracked for was from January 1, 2020 to the end of the regular season March, but after finding a Twitter scraping tool on GitHub called Twint, I was able to easily retrieve all tweets since September 27, 2018. However, a month ago, Twitter closed their old API endpoints, and Twint ceased to work. I used vicinitas.io but the data loading became more time-consuming. Therefore, the tweets are up to the date of October 15 2020.
How I determined information was by manually parsing text tweets by the reporter (no retweets):
Now, I didn’t take every single text tweet:
Next, I had to assign possible teams to each tweet:
With all the methodology out of the way, here’s the data! (Here’s a link to a full Google Sheet)

Teams

Here's a graph of number of tweets per team per period, with the colours denoting reporter.
On a quick glance, here's which teams saw a significant period-over-period increase in number of tweets:
And here's which teams saw decreases over a period-by-period basis:
The problem with just using number of tweets is that it's not close on totals between Haynes vs. Woj or Shams. Here's a graph showing total number of tweets in each period for all three reporters. Haynes's most reported period doesn't even stack up to the least reported period of Woj or Shams.
Instead, let's look at percentage of tweets per team per period.
Now, you'll notice that there's two teams missing from the above graph: the Golden State Warriors and the Los Angeles Lakers. Here's the graphs for those two teams. As you can see, they would skew the previous graph far too much. During the 2019 NBA season, 27% of Chris Haynes's qualifying tweets could be possibly linked to the Warriors, and 14% of his qualifying tweets could be possibly linked to the Lakers.

Agents

Here's the top 10 agents in terms of number of potential tweets concerning their clients.
Agent Haynes Shams Woj Total
Rich Paul 15 28 24 67
Mark Bartelstein 4 16 30 50
Jeff Schwartz 3 10 25 38
Bill Duffy 2 13 14 29
Leon Rose 1 12 15 28
Aaron Mintz 2 9 15 26
Juan Perez 5 10 8 23
Aaron Goodwin 11 8 1 20
Steven Heumann 1 6 12 19
Sam Permut 1 13 5 19
Woj has the most tweets directly connected to agents by far. It wasn't uncommon to see "Player X signs deal with Team Y, Agent Z of Agency F tells ESPN." The agents that go to Woj (and some of their top clients):
One thing I found very intriguing: 15/16 of tweets concerning an Aaron Turner client were reported on by Shams. Turner is the head of Verus Basketball, whose clients include Terry Rozier, Victor Oladipo and Kevin Knox. Shams also reported more than 50% of news relating to clients of Sam Permut of Roc Nation. Permut is the current agent of Kyrie Irving, after Irving fired Jeff Wechsler near the beginning of the 2019 offseason. Permut also reps the Morris brothers and Trey Burke.
As for Chris Haynes, he doesn't really do much agent news (at least not at the level of Woj and Shams). However, he reported more than 50% of news relating to clients of Aaron Goodwin of Goodwin Sports Management, who reps Damian Lillard and DeMar DeRozan.
Here are the top 10 free agents from Forbes, along with their agent and who I predict will be the first/only one to break the news.
Player Agent Most Likely Reporter
Anthony Davis Rich Paul Too close to call, leaning Shams
Brandon Ingram Jeff Schwartz Woj
DeMar DeRozan Aaron Goodwin Haynes
Fred VanVleet Brian Jungreis Limited data
Andre Drummond Jeff Schwartz Woj
Montrezl Harrell Rich Paul Too close to call, leaning Shams
Gordon Hayward Mark Bartelstein Woj
Danilo Gallinari Michael Tellem Woj
Bogdan Bogdanovic Alexander Raskovic, Jason Ranne Limited data, but part of Wasserman, whose players are predominantly reported on by Woj
Davis Bertans Arturs Kalnitis Limited data
Thanks for reading! As always with this type of work, human error is not completely eliminated. If you think a tweet was mistakenly removed, feel free to drop me a line and I’ll try to explain my thought process on that specific tweet! Hope y’all enjoyed the research!
submitted by cilantro_samosa to nba [link] [comments]

Bitcoin Segwit developers discuss whether to remove references to low fees on bitcoin.org, claim to have no idea why fees went up

Bitcoin Segwit developers discuss whether to remove references to low fees on bitcoin.org, claim to have no idea why fees went up submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A 200-year-old idea offers a new way to trace stolen bitcoins | The idea is referred to as the First-In, First-Out (FIFO) rule from 1816, when applied to Bitcoin, is that the first coin that leaves a a Bitcoin address should be considered the same coin as the first one that went into it.

This is the best tl;dr I could make, original reduced by 83%. (I'm a bot)
Bitcoin's blockchain provides inalterable evidence, stored on thousands of computers, of every Bitcoin transaction that's ever taken place.
Rather than try to offer any new detective tricks to identify the source of a Bitcoin transaction hiding behind a pseudonymous address, their idea instead redefines what constitutes a dirty bitcoin.
Based on a legal precedent from an 1816 British court decision, they posit that the first coin that leaves a Bitcoin address should be considered the same coin as the first one that went into it, carrying with it all of that coin's criminal history.
"The software we're going to publish will let you know whether your favorite bitcoin was ever owned by Ross Ulbricht or Mt. Gox," says Ross Anderson, the Cambridge computer science professor who leads the research group, referring to the convicted administrator of the Silk Road Bitcoin drug market and the first major Bitcoin exchange Mt. Gox, which went bankrupt in 2014 after being robbed of 850,000 bitcoins.
When the researchers tried out their FIFO analysis on Bitcoin's actual blockchain, they found that in massive thefts-like the 2012 heist that took 46,653 bitcoins from the cloud provider Linode, or the 2014 theft of 896 bitcoins from bitcoin "Bank" Flexcoin-they could create far tidier answers about where those stolen coins ended up than the haircut method could.
Using the FIFO method, they linked the Linode haul to fractions of tainted bitcoins at around 372,000 addresses, compared with 2.7 million tainted bitcoins with the haircut method.
Summary Source | FAQ | Feedback | Top keywords: Bitcoin#1 coin#2 stolen#3 Taint#4 blockchain#5
Post found in /savedyouaclick.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Idea for refering to a small amount of bitcoin/highly valued cryptocurrency.

Since common amounts of btc and altcoins have multiple zeros in them an idea for referring to them could be as follows:
Instead of saying 'point zero zero nine' we could say perhaps 'two ohs nine' Two ohs referring to the number of zeros before the first number that isnt zero.
This could be used for ethereum, bitcoin, or any popular altcoin. Please feel free to share your ideas and/or what you use.
submitted by my-ancestors to Bitcoin [link] [comments]

12-08 10:02 - 'I will refer you to a legitimate tool of hack which has the ideas And the logics which he will make use ethically in recovering your lost BTC quickly for you. He can be reached at [email protected] and there...' by /u/guitarpromaniac removed from /r/Bitcoin within 41-51min

'''
I will refer you to a legitimate tool of hack which has the ideas And the logics which he will make use ethically in recovering your lost BTC quickly for you. He can be reached at [email protected] and there will be proofs provided for the recovery work . Stay safe .
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: guitarpromaniac
submitted by removalbot to removalbot [link] [comments]

08-08 09:12 - 'Are you referring to [link] / If you're referring to Bitcoin Cash, that's another project. / Calling Bitcoin Cash as Bcash makes you look ridiculous and dumb, as it looks like you have no idea what you're talking about.' by /u/keo604 removed from /r/Bitcoin within 12-22min

'''
Are you referring to [link]1
If you're referring to Bitcoin Cash, that's another project.
Calling Bitcoin Cash as Bcash makes you look ridiculous and dumb, as it looks like you have no idea what you're talking about.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: keo604
1: https://medium.com/@freetrade68/announcing-bcash-8b938329eaeb
submitted by removalbot to removalbot [link] [comments]

Idea for refering to a small amount of bitcoin/highly valued cryptocurrency. /r/Bitcoin

Idea for refering to a small amount of bitcoin/highly valued cryptocurrency. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I'm a 30 year old Teacher with 8k savings, I'm looking to invest some of it somewhere, and start a new career. Teaching is fun but it's draining and doesn't pay enough.

Hi everyone! I have low-income, 35k-50k depending on if I work 2 jobs. My expenses are less than 1k a month, I don't pay rent yet, I have a 750 credit, low utilization on credit cards, no 401k or IRA. I have some precious gemstones and pokemon cards as assets lol Some people were saying learning day trading can be good long term, or getting into wholesaling real estate. I don't know though. I live in the North-east of USA. I can maybe move down south where my money might stretch more. I'd be nice to turn 5k into 10k through investments and find a new job that pays more than 60k so I have more buffer money but I'm not sure if that's possible. It took me so long to save this little bit amount and don't want to lose it
I appreciate any advice or opinions
Thanks all for responding. I will definitely implement the advice given! Sorry for the lack of details in the post, my first time posting here. I'm not a traditional teacher. I'm a Bachelors's level ABA Therapist, I work with people who have autism and it pays 35k before taxes. I'm also a live-in aid to an adult who has autism (hence no rent) that pays 12k after taxes. I haven't worked as an ABA Therapist for a year because I was learning Digital Marketing. I ended up not liking it. I live in NJ, very close to NY. I will go back to get an ABA Job soon so I can save. My cousin flips properties in NJ and Florida so he's the one who told me about wholesaling real estate. He just started day trading Forex and said he's made money on some trades. That's where I got that idea from. I have a Robinhood account with 100 in there that jumped to 119, and I have 300 in bitcoin that I haven't checked in a while. For reference, The little financial advice I've got is from my dad who grew up dirt poor. He's not poor anymore from working hard and saving but he's not much of a sharer. I used to track my monthly spending and I have an excel sheet with my checking, saving, bill dates, and monthly and yearly slots to add numbers and see how the numbers change. But yeah I don't know much and I want to learn...I guess also worth noting I've made a lot of unwise impulse purchases. Vacations, clothes, video games, events, restaurants, shoes, books, alcohol, electronics.
submitted by spacedragonn to povertyfinance [link] [comments]

I'm a 30 year old Teacher with 8k savings, I'm looking to invest some of it somewhere, and start a new career. Teaching is fun but it's draining and doesn't pay enough.

Hi everyone! I have low-income, 35k-50k depending on if I work 2 jobs. My expenses are less than 1k a month, I don't pay rent yet, I have a 750 credit, low utilization on credit cards, no 401k or IRA. I have some precious gemstones and pokemon cards as assets lol Some people were saying learning day trading can be good long term, or getting into wholesaling real estate. I don't know though. I live in the North-east of USA. I can maybe move down south where my money might stretch more. I'd be nice to turn 5k into 10k through investments and find a new job that pays more than 60k so I have more buffer money but I'm not sure if that's possible. It took me so long to save this little bit amount and don't want to lose it
I appreciate any advice or opinions

Thanks all for responding. I will definitely implement the advice given! Sorry for the lack of details in the post, my first time posting here. I'm not a traditional teacher. I'm a Bachelors's level ABA Therapist, I work with people who have autism and it pays 35k before taxes. I'm also a live-in aid to an adult who has autism (hence no rent) that pays 12k after taxes. I haven't worked as an ABA Therapist for a year because I was learning Digital Marketing. I ended up not liking it. I live in NJ, very close to NY. I will go back to get an ABA Job soon so I can save. My cousin flips properties in NJ and Florida so he's the one who told me about wholesaling real estate. He just started day trading Forex and said he's made money on some trades. That's where I got that idea from. I have a Robinhood account with 100 in there that jumped to 119, and I have 300 in bitcoin that I haven't checked in a while. For reference, The little financial advice I've got is from my dad who grew up dirt poor. He's not poor anymore from working hard and saving but he's not much of a sharer. I used to track my monthly spending and I have an excel sheet with my checking, saving, bill dates, and monthly and yearly slots to add numbers and see how the numbers change. But yeah I don't know much and I want to learn...I guess also worth noting I've made a lot of unwise impulse purchases. Vacations, clothes, video games, events, restaurants, shoes, books, alcohol, electronics.
submitted by spacedragonn to personalfinance [link] [comments]

Will credit card debt/loans be used against us in case of forced vaccinations?

I'm curious to hear everyone's opinions on this. A lot of posts mention that covid is causing the economy and the middle class to be destroyed, while big companies get rich and banks print more money, and how this will cause inflation.
I do know that during wars, banks have 'gone under' and people's savings would disappear overnight and they'd never get them back. Cash is disappearing and will move to bit-coin or something else. Which eerily reminds me of the Bible reference that in the end times people will be unable to buy or sell without receiving a mark. Why else would we receive a mark unless it's "to keep everyone safe" from illness.
So for those who have cash, what would they do? Taking it out is pointless if cash dies, buying bitcoin is maybe an idea but that would be the next currency to be controlled. Or is buying gold/silver better?
My question is what about student loans and credit card debt? Banks are greedy and want our money. I doubt that they will just pardon or erase debts if the economy crashes or cash disappears. So could they use it against us and make us slaves? Like if you don't accept the vaccine, you have to pay money back but if you get vaccinated you get pardoned? For someone with debt, what is smarter - paying it off or saving in some other form?
submitted by Mrvica2020 to conspiracy [link] [comments]

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
submitted by j0j0r0 to ethereum [link] [comments]

[CCS Results] Monero Atomic Swaps research

Hi Monero community!
Two months ago I posted a CCS for continuing my research on Monero Atomic Swaps. That research is now complete and I'm happy to present my results.
This post will be a summary of my research, but you can also find the whitepaper that describes the full protocol and all the details here.

Shiny BTC/XMR Atomic Swap Protocol!

We found it! With the help of the MRL, my colleagues, and the community, we created the first (to our knowledge) protocol to atomically swap bitcoin and monero. And this resulting protocol is implementable today - no more obscure crypto!

Why now? What changed?

When I started studying Monero for a Bitcoin/Monero atomic swap three and a half years ago, most of the swap protocols where based on 'Hash Time Locked Contract' (HTLC), something that we all know as non-existent on Monero. So the goal at the beginning of the project was to create an atomic swap where all the logic (timeouts, possible sequences of operation, secret disclosures, etc) is managed on the other chain: the Bitcoin chain.
The second difficulty with Monero and Bitcoin is their respective underlying cryptographic parameters: they don't share the same elliptic curve, they don't share the same signing algorithm; they have nothing in common! This makes the pair a bad candidate for other types of atomic swap that don't (solely) rely on HTLC.
In November 2018 we came up with a draft protocol that respects the above constraints. Thus, the protocol requires a specific type of zero-knowledge proof to be trustless: a hash pre-image zero-knowledge proof. This type of zkp is not wildly used in practice, if at all. Thus the protocol works in theory, but with some obscure crypto, making the protocol a bad candidate for an implementation.
In early 2020, after presenting the draft protocol at 36C3 in December 2019, I discovered, by reference from Sarang Noether (MRL), Andrew Poelstra's idea of doing a discrete logarithm equality across group zero-knowledge proof of knowledge (MRL-0010), meaning that we can prove some relations between elements in two different groups (two curves to simplify) and the paper by LLoyd Fournier on One-Time Verifiably Encrypted Signatures allowing secret disclosure with ECDSA.
With these two new (to me) cryptographic primitives, we were able to replace the previous zero-knowledge proof with a combination of the latter, making the protocol complete and practically feasible.

How it works

As a broad overview (and simplified) the protocol work as follow:
If the swap succeeds, A reveals to B, and if the swap is cancelled, B reveals to A. (We have a third scenario explained in the paper to force reaction and avoid deadlock.)

Next steps

The obvious next step would be to have a working implementation on mainnet, but a ready-to-use implementation that is also robust and safe-to-use requires a lot of engineering work. Furthermore, even though the cryptography is not too obscure, most of it still also lacks an implementation.
I'll post soon, if the community wants it, a CCS proposal to get my team and I to work on implementing this protocol, step by step, with the end goal of creating a working client/daemon for swapping Bitcoin and Monero. It would be very exciting to build that!

Conclusion

Thanks to the MRL and its researchers for their help, the CCS team, and the community for its support!
I hope I fulfilled the community's expectations for my my first CCS - all feedback is appreciated.
submitted by h4sh3d to Monero [link] [comments]

I got SCAMMED

I know I’m gonna get all the hate for this like I for sure chose to ignore the signs. But I just wanted to post this bc when I looked up “scam” on this sub I didn’t see anything similar. So I made an original post asking if someone had a dealer in SWLA. Bad idea to begin with. I get two messages from two different redditors telling me I should take the post down for my own safety and they BOTH referred me to two different people on the “Telegram” app. Never heard over telegram before tbh I don’t need anything more than texting to talk with people. So I was like ok...and messaged both the guys on that app. Right off the bat thought it was weird that under their usernames in the chat it had said “hasn’t been seen in a long time”. The other option is “has been seen recently”. So. They both respond to me and say “$50/5g”. One responded sooner than the other so I just went with that guy. Told him I wanted 5g blue 5g northern lights and he said ok the total will be $100. I was like yup. How do I pay you. How do I get it? He said you pay through bitcoin and you get it to your mailbox. I was like...my mailbox is at a post office y’all ship through USPS? He told me don’t worry bout it....
So I go through like a freaking hour of figuring out how to send him bitcoin...finally did. I didn’t know the exchange rate for bitcoin was so HORRENDOUS. like mind you idk shit about bitcoin. Literal shit. So I loaded my bitcoin or wtf ever with $150 but by the time the transaction fee was added I could only send like 99.50. I told him that and he was like “that’s not my min” I was like ok well I thought 150 would be enough for 100. And he said “me too”...like if you do this all the time you’d know roughly the exchange rate. I was like ok well now what. And he said just send it it’s not a problem. So. I did. Then he sends me a list of his prices for other drugs. Meth, heroin, MDMA, shrooms, LSD, coke, oxy. I was like I don’t need any of that but thanks. So he sends me some other persons username and some “code” to send that guy so he’ll “know” or something idk.
So I message that guy and he asks for my location. I gave him my PO Box bc I was told that’s how it was being delivered. He asked for my add so I gave him some random address bout 20 miles from my actual house bc at this point I was getting sketched. (Took long enough) he says “checking location” so I wait.
Then he messaged me back saying “Dude right now I can't deliver 100$ now due to the current situation the minimum package I can take the risk and get to your location is 500$ package. Return to him and top up your package”
I was like uhhh. Can we meet up somewhere? Said he worked anonymously so I was like word I get that. Then he says “Go meet him now. I don’t have much time here”.
Much time here.....dude....what???
So the original guy messages me like as soon as the “delivery guy” tells me I gotta spend 400 more dollars lol
He said “we got a little problem now” and I was like yea I see that. He says “he has been running this for me bro” and I said wym he says “Or what we can do now meet up his requirements. His sure and fast.” Lmao. I just didn’t message back. So he says “He said what he can deliver to your location is 500 worth deal because his colleagues are taking order above 1k and I hqve to talk him down because it’s your first time” I said “well I can’t go up anymore I bought what I bought so idk wtf you wana do” And he just said “let me know whenever you’re ready”
Bro. Like I just got scammed out of $150. And it’s all my fault for being gullible as FUCK.
I’m scared to even post this bc there’s obviously a bunch of little minions on here.
Ight. Cue the hate. I just hope if someone else in the future searches “scam” or “telegram” they’ll see this and consider.
Peace ✌🏼
submitted by Snowflake0804 to trees [link] [comments]

Is the founder of Blockstream going senile in his old age?

Is the founder of Blockstream going senile in his old age? submitted by SweetSweetCrypto to btc [link] [comments]

A message for our youth

We're living strange times at the moment. The government is exercising enormous amounts of force over its population to behave and act in a certain way. They are trying to remain in control and by doing so, negatively impacting the lives of its population.
The only way a government is able to achieve this type of power is through money. You will learn over time, that money is everything (Lesson 1). You might be taught that money isn't everything. Whilst that is true to some extent, the overwhelming majority of your life experience and outcomes on this planet will be dictated by money. You may even be taught that "money is the root of all evil." This is simply not true. I'll come back to that in a sec. Keep reading,
Money can be used to pay people to do things, get them to make things and produce an outcome or output. If you ever want to question the motives of someone, understand how and by whom they're getting paid (Lesson 2). When you pay someone, you can pay them on how to think, how to act, how to behave, what to wear. Basically, you have the ability to dictate someone's life for a period of time. Corporations do this all the time. This isn't necessarily a bad thing. I mean, it's not great, but there will always be someone who is willing to have their life dictated to in exchange for money out of desperation.
But, where it gets really ugly, is with government. Many people mistakenly believe the government is acting in the interests of its people. A government never acts in the interests of its people (Lesson 3). It only acts in the interests of itself. There is one thing a government has the ability to do, that nobody else does. The ability to print money. Some might call it evil. You see, a government can print money to no end. With this, comes an extraordinary ability to wreak havoc on its population, with little to no consequences for those who create bad government policy. You see, money is not the root of all evil. The unlimited supply of money is the root of all evil (Lesson 4).
There is no incentive for a government to closely, accurately and truthfully assess the impacts of its policies on its population. Why? Well, if the experiment doesn't work, the government can print more money to try something else. This is where a corporation is limited. It is limited by what's known as "opportunity cost". A company cannot sustain its terrible ideas for vast amounts of time, for their bad ideas will eventually lead them to run out of money. A government however, can't run out of money, because they have the ability to print it. They also have the ability to steal it from its population, in what is commonly referred to as "taxation". Much of the population are conditioned to happily pay this sum of money, thinking it is the right thing to do for essential services such as health care, education, legal and justice system, police etc. They are mistakenly led to believe that the government serves them and that if a government did not exist society would not be civilised. But also, if they don't pay up, they face time in jail. This in general, leads to a society that is frustrated, not at peace and, ironically, uncivilised.
A growing proportion of the population are seeing the government for the fraud that it is. But not only that, they're starting to realise that having a centralised government in complete control of these "essential services" isn't a good idea. As it pertains to health care, in the event of a pandemic, a government run system suffers immensely, where they now have to pick which life is worth more than another. In terms of education programs, they teach you that governments are required to peacefully maintain a society, otherwise there'd be chaos. The education system is designed so you grow up proud of your country and even indebted to its government for keeping you alive. This is called brainwashing, not educating. Infact, what a government has effectively done is chopped off your leg at birth, given you some crutches and said " See, without the government, you'd have never walked again." In terms of Police, it's becoming apparent that it attracts thugs who use and abuse their power. The justice system is showing its flaws every day, particularly to those who expose the government for their crimes.
The other major thing that governments fund is the military. Oh boy, this is a disaster waiting to happen.
All of these bad ideas are funded through government printed money called "fiat". The only way these bad ideas are sustained for decades is through government's never having to face what's known as the "profit and loss test" (Lesson 5). Meanwhile, because of their rampant printing of money, the population suffers in the form of slowly getting poorer, because their savings can now buy less and less goods and services than in previous years. This form of taxation is called "inflation". It erodes away what's known as your "purchasing power".
The only solution we have to push back against this is Bitcoin. Bitcoin has a strict limited supply of money and no government controls it. If we truly want change, Bitcoin (and making it better) is the only solution. There is no point engaging in politics. Politics is pointless. If Bitcoin fails, you can look forward to eating out of a tin can, working the entire span of your life to pay for your living expenses and medical bills, being compulsorily vaccinated with experimental drugs, being brainwashed, living like a drone, requiring special papers to leave the borders you were (un)lucky enough to be born in, having little to no savings for your future and maybe even signed up to go to war called "conscription". This type of person is known as a "serf". Just like everyone comes to the one Internet for information and global communication, we must ensure everyone comes to the one currency for money. Bitcoin.
I wish you all the very best in your journey through life. Hopefully this helps you side step some of the biggest atrocities you may face. This is what I wish my father had told me about the world.
submitted by Philosophy_Unhappy to Bitcoin [link] [comments]

[Suggestion] Getting People to Use the Blockchain Without Realizing It Is the Best Way to Bring Mass Adoption!

With the way cryptocurrencies are right now, it seems that the entire market is taking an "investment first" approach, and holding coins as a part of their "portfolio" instead of actually using them to spend on goods and services (as cash). When most people think of Bitcoin, they think of it as an "investment" or "digital gold", and this incentivizes them to hold their coins rather than use them. It encourages low velocity of money which is bad for the security of the network. As the block reward goes to 0, transaction fees are needed to support the miners. With the investment approach to blockchains and cryptocurrency, it seems like the peer-to-peer cash use-case of crypto has more or less 'vanished'.
This made me think about how the cash use-case could potentially come back in cryptocurrency, and it gave me an idea: make people use Bitcoin Cash as peer-to-peer cash without realizing it. I looked through some old posts in btc and a post by reddit user singularity87 stood out to me: making the standard denomination "bits" to refer to 1/1,000,000th of a BCH, and changing the ticker to "BIT". While I don't agree with the ticker, I think the idea of having the standard denomination changed to bits is a great idea for the use-cases of apps. This can technically be integrated seamlessly is a way where people don't know they're using BCH, but they're using it.
An example would be a social media website, similar to read.cash or member.cash, but everything is denominated in bits, including tipping and wallet balances. With the value of a "bit" being small, people will not really think of it as an investment, but rather "internet change" or "tokens". This will incentivize them to spend their coins on tipping and subsidize fees on the network. When they receive their bits, they are free to withdraw them, and cash out using many nethods such as "PayPal", "Zelle", "Venmo", or "CashApp". The experience should be sealmess, so that people are incentivized to use the app, and it creates a stronger fiat on-ramp.
If a user wants to withdraw their bits, they can download a wallet app that stores bits. When opening the wallet app, they register a cash account and can send to other cash accounts, which is far more intuitive than the current address formats. It would be similar to adding someone on facebook, where the is a search engine that shows results as you enter the cash account names. On top of this, I think it would be nice to give users the choice to pay fees in percentage (to support the network), or pay by transaction size.
submitted by 1MightBeAPenguin to btc [link] [comments]

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What is Bitcoin? (v2) - YouTube

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