Bitcoin Core :: Subscribe to Bitcoin Core announcements

PrivacyTools

You are being watched. Private and state-sponsored organizations are monitoring and recording your online activities. The PrivacyTools team is providing resources to protect your privacy against global, mass surveillance. Become a member of the PrivacyTools community to discuss online privacy and security, share information, and stay informed with the latest updates in the privacy world.
[link]

Spice

"Spice is a social mechanism that allows you to say to another human being, “Hey… I like your stuff, your content fulfills me in some way.” - Spicetoshi
[link]

Aaron Williams on Twitter: "#Bitcoin price averaging code should detect a price feed drop and compensate accordingly. Drop the bad source and recalculate."

Aaron Williams on Twitter: submitted by AtlantaBitcoin to Bitcoin [link] [comments]

A Closer Look at Ripple's Distribution of XRP

I consider myself to be an informed member of the XRP community. I have a Twitter feed of all the prominent personalities/researchers to keep tabs on the news. I watch the metrics on utility-scan.com daily and even wrote a calculator to help understand what ODL is doing over time. I regularly check in on global metrics like volume, wallet openings, and the distribution of XRP within wallets.
Up until recently, if you asked me to explain how XRP is distributed out to the public, I would point you to two resources. The first is an article on XRPArcade explaining how Jed McCaleb's XRP sales are structured (not the topic of this post). The other place would be the XRP Markets Reports provided quarterly by Ripple. There you would understand that for the past year Ripple has increasingly slowed the sales of XRP and only is selling in small amounts to facilitate liquidity in markets. Based on this data, I've seen discussions on /cryptocurrency and elsewhere claiming that XRP's inflation rate is lower than Bitcoins and is near 0. Based on publicly provided data I've realized that this is not the case. XRP's distribution rate is very different than the impression painted by the XRP Markets Reports.
TLDR; Ripple is trying to paint a narrative that very little XRP is entering the market. In reality sales of XRP are very low, but XRP entering circulation remains much higher from an inflationary perspective and that rate has remained relatively unchanged from 2016 onward.
Before I dive into the data, I'd like to take a brief pause and state that in no way am I writing this to be FUD. Clear and accurate data is extremely important to me. Much of the recent community conversation has revolved around hopium and dot connecting that is unverified. It's a public ledger, but most people don't take the time to track the numbers. I'm hoping to shed more light on these important factors since there is no doubt that XRP's rate of distribution can effect the price. Ok, soapbox over.
I first was clued in that something was off while listening to a SamIAm video here. Basically Sam is calling out Ripple over their Q1 Markets Report because they didn't mention around $18 million of XRP paid to MoneyGram. Now technically this isn't a sale of XRP, but it's convenient to leave out and we would only know that this was happening because the SEC forced MoneyGram to report it on their Quarterly Investor Report.
Next I was scratching my head over a data discrepancy. Tether flipped XRP on LiveCoinWatch weeks before the other tracking sites like CoinGecko and CoinMarketCap. Upon closer inspection I realized that all these sites retrieve the XRP circulating supply from a single API call and LiveCoinWatch had coded their site incorrectly. They were pulling the XRP numbers from last year.
The API is here and anyone can checkout the data: https://data.ripple.com/v2/network/xrp_distribution. I believe that there is a companion private API Ripple uses to power their pie chart here: https://ripple.com/xrp/market-performance. Notice that the market performance (at the time of this posting) is for May 17th while the public API only goes to April. I don't know why Ripple hasn't updated the public API in a month. Since the public API has a history of postings you can go back and track the "distributed" tag all the way back to the middle of 2016. Here's what I found.
XRP Released into Circulation Yearly Inflationary Rate
2016 (starts mid year) 1,229,851,071 3.5%
2017 2,667,133,033 7.34%
2018 2,035,094,018 5.22%
2019 2,325,833,516 5.67%
2020 (May 1st) 773,689,933 1.78%
2020 End (at current rate) 2,321,069,799 5.35%
The 2016 data starts halfway through the year, so you can make an educated backfill guess for that year's number as well. Ripple has been distributing between 2 and 2.6 billion XRP a year with 2017 being a the high watermark. Interestingly the number distributed in 2019 is not that much different in spite of Ripple touting significantly reduced sales for almost the whole year.
So lets talk about the term "XRP Distributed" versus "XRP Sales" obviously Ripple is providing the data for both stats, but they only talk about sales in the markets reports. Distribution is a much wider term. It can include things like "Business Development" like MoneyGram discussed above. It could be compensation incentives given to Ripple employees. Xpring is known to fund investments using XRP. All of these items aren't reported because they are not sales. Even with some generous guesses to the above categories, I have no idea what Ripple is really doing with the XRP in 2020 if they're not selling it. Even factoring in about 90 million XRP given to MoneyGram, there's still a significant amount distributed and I would love some opinions on what they think Ripple is doing with this XRP.
Some takeaways for me:
submitted by RetirePerspired to Ripple [link] [comments]

If you missed the AMA

AMA AT DETECTIVE ID (25/06/2020)
Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken.
Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established?
The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control.
Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020?
By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges.
Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers?
Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community
Community Questions (Twitter):
Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions
Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different?
Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side
Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing?
As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here.
Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera?
I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle).
Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed?
The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :)
Nuked Phase (3rd Part)
Q) What is your VISION and Mission?
Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset.
Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion?
We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊)
Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?.
You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens
Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them?
We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on.
Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.??
When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing
Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction?
We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem
Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market?
We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18
Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges?
Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price.
Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents?
We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract).
Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects?
Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk)
Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people.
Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology?
We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming
Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations.
Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term?
The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above
Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it?
We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token.
Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges?
STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible??
Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community
Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ?
Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention.
Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space?
We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about.
Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term?
The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people!
Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space?
We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this?
By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would
Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time?
I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject
submitted by stateratoken to StateraToken [link] [comments]

CropBytes. Game Review

CropBytes. Game Review
Friends, I want to introduce you to one game on the #Tron platform called CropBytes https://cropbytes.com.

https://preview.redd.it/50qw4cs90jf51.png?width=886&format=png&auto=webp&s=746be85ad06684e77e67f6390076c43c1a364e69
Since my hobby is the search for additional (passive) income, cryptocurrency, and also games, when in July I received a letter in the mail (apparently signed) about the release of this game in the 3D version, I decided to see what it is ...

CropBytes is an online Crypto Game based on the real-world farming economy, where you play and own assets inside the game & use them to provide goods & services to other players or trade.

The game was first released back in 2018 in 2D, but I hadn't heard of it then.
There are many massive farming games out there with millions of active players, but CropBytes offers a significant difference - the Play to Earn model.

Players will be able to upgrade their farms, produce goods and trade them in an open economy in order to earn cryptocurrency.

Why can you ask? Because the game exchange is not working yet, but the developers promise that it will work soon.

It is worth noting that the game is available on Android and iOS mobile devices, as well as on PC. The game still maintains the philosophy of free play with a trial package, but you can always deposit some cryptocurrency to promote your farm faster.

So what is included in the trial package: a cow, a chicken, a goat, fruit feed, some corn and carrot seeds and water, and of course the most important thing is a piece of land where you can plant the available seeds.

The chicken brings you eggs, the cow and the goat bring you milk. And the seeds turn into ready-made fruits of corn or carrots, from which you can prepare carrot and corn feed, respectively.

You cannot plant carrots and corn at once. Just one thing.

ATTENTION! a small instruction on how to plant seeds. For a long time I could not figure it out, because there is no manual for the game anywhere. After you set your site in the place you need, click on it, you will have 2 bags with pictures on them - these are your carrot and corn seeds, choose what you plant by clicking on the desired bag.

https://preview.redd.it/jqpyuspd0jf51.jpg?width=1280&format=pjpg&auto=webp&s=2a484d986200b8048e2136d27d6e2d80ee865706
A message appears with the inscription "Done", on which you do not need to click, but you must click on the site.

https://preview.redd.it/3ug477ef0jf51.jpg?width=1280&format=pjpg&auto=webp&s=994429e115a40e2635a5946bbabff123919dacd2
Not knowing this, I clicked on the outgoing message and naturally nothing happened. I thought that maybe there was not enough seeds and bribed a little ... But I was prompted in the telegram group for the game (I will indicate the link to it below) and everything worked out.

https://preview.redd.it/axoutcsg0jf51.jpg?width=1280&format=pjpg&auto=webp&s=7a14a3724f69cd15bf47085662798db0b401732c
So friends who are interested in the game

Download now 👇

👉 iOS ➡️ https://apps.apple.com/us/app/cropbytes-farm/id1441553490?ls=1

👉 Android ➡️ https://play.google.com/store/apps/details?id=com.Hyfll.FarmingGame&hl=en

* you can enter the referral code 7CCFB8, which can give you a bonus and of course my support

Play on web 👉 https://cropbytes.com/farm-view

* Note: Loading the game on your web browser will take 5-10 min on the first attempt. Please be patient.

Telegram Channel: https://t.me/ccropbytes

Telegram Community: https://t.me/cropbytes

Medium: https://medium.com/cropbytes

Twitter: https://twitter.com/cropbytes

Facebook: https://www.facebook.com/cropbytes

Youtube: https://www.youtube.com/c/CropBytes/featured

Blog: https://cropbytes.com/blog

P.S. you can earn some TRX by participating in the bounty at https://cropbytes.com/bounty

And here https://youtu.be/-VI37IrlBhs you can see how I play the game.

✅ BONUS
Referral Bonus, Bounty Programs, Contest & more

✅ SECURITY
Two Factor Authentication.
Highly Secure Wallet

CropBytes - Crypto Farming Game 3.0.16
2020-07-27
● An awesome new 3D game environment
● New UI, Buttons, icons and interactions
● Updated rules for growing, storing, planting
● Highly detailed gameplay
● Extended play area for more fun


Coming soon

- CropBytes Exchange
- Additional tokens like Bitcoin (BTC), Ethereum (ETH) & USDT
- Auto withdrawals- Quick withdrawals to your personal crypto-wallet
submitted by Zotoff85 to u/Zotoff85 [link] [comments]

Reddcoin (#RDD) May 2020 Team Update, or “New Wallets & What to Expect when You’re Expecting PoSV v2”

Link to Medium post -> https://medium.com/@techadept/reddcoin-rdd-may-2020-team-update-or-what-to-expect-when-youre-expecting-posv-v2-b708319221ce?sk=b5eafc57b67327d99a35380f390d77ca
Hey, ReddHeads!
To new ReddHeads, welcome! To old ReddHeads, welcome back! It’s an exciting time in Reddcoin (RDD) for a lot of reasons, and we, the Reddcoin Core development team, wanted to get a brief update out to touch base on some of the highlights.
Attached are some screenshots of our work to enhance security and interoperability, and to extend support to MacOS Catalina in our newest v3.10.1 wallet.
This wallet release also includes components and performance & security upgrades taken from the Bitcoin 0.10 codebase, and we will be following much of that same development and enhancement in our Reddcoin Core wallet in the future, with 0.11 up next.
This release is not a required upgrade (except for Catalina users), but will benefit user experience and security significantly. We’ll be publishing, of course, a full public changelog, hashes and commit list in Github along with open source code and compiled executables upon release.
But the major changes in Reddcoin v3 are just about to start, as PoSV v2 gets ready to activate. Released to the community on 12/24/19, the blockchain has (at time of writing) reached 8197 of the required 9000 block threshold, or 91.08% of our goal of supermajority. If you haven’t upgraded yet, or aren’t staking, it’s time.
After PoSV v2 activation, older (v2.x, v1.x) wallets will not be able to send transactions or stake.
We anticipate activation to be reached within a very short time period, especially once our Mac ReddHeads are able to participate, and as such we want to ensure that information for the general community is available and up to date.
1) AM I GOING TO LOSE MY REDDCOIN (RDD)??
a. NO. This is a soft-fork, and whether you’ve upgraded to a v3 wallet or not, you cannot lose your coins. The blockchain itself will remain the same, it is only the rules of staking that are changing. Older wallets WILL stop functioning immediately after the threshold is passed and PoSV v2 activates, but all that is required at that point to restore functionality is to install the new v3 wallet. If you need help, please join our Telegram or Discord live chats for community or Dev help directly. No ReddHead left behind!
2) WHAT DO I NEED TO DO??
a. If you’re staking, make sure you’re using a v3 wallet, preferably the latest version. Right now, that is v3.0.1, in a few days with the above noted release it will be v3.10.1. You may also wish to use the “Backup…” function at this time to make sure you have a backup of the only important file you need, the “wallet.dat” file. There are no mobile staking options at this time due to the nature of our PoSV protocol, but you can deposit coins in the dev team-run ReddBot on Telegram to stake if you have no other options until a mobile staking option is made available.
b. If you’re not staking, or are holding on Coinomi, or Guarda, or other 3rd party wallets, or on an exchange, or a paper wallet, you will also have no operational issues, but of course you’re encouraged to help secure the network and validate transactions, by starting to stake.
3) I’M BORED. ENTERTAIN ME!
a. OK. As successful as our first meetup was, we agree. Look for an upcoming benefit concert from Reddcoin and hopscotchmafiamusic.com at the end of this month. No, really. Free awesome music, cool people, come have a bit of fun with the ReddHead community virtually!
4) I’M HUNGRY. FEED ME!
a. Well…with the activation of PoSV v2, and the creation of Reddcoin’s self- funded development mechanism, we’re very excited to be able to provide at least some resources and RDD toward the Reddcoin Community Food & Supply Bank initiative in the near future. Reddcoin Core will also be donating any funds received in connection with the above concert event to worthy and working charities, especially if we can convince them to receive RDD (or BTC). Watch for further info about this and other charity initiatives to come. Our own efforts rely on PoSV v2 activation, but will be documented publicly and transparently as they evolve.
5) I WAS USING RDD AND THEN X (or Y or Z) HAPPENED AND NOW I’M BROKE AND SAD AND ANGRY. HELP ME!
a. Perhaps you’ve not heard about Reddcoin’s uniquely conceived “Reddcoin Restitution Fund”. Been hacked? Lost a few coins when your computer crashed or your brother formatted your hard drive? Reddcoin has committed a percentage of PoSV v2 funding to give back to users legitimately affected by events beyond their control.
Cases of extreme stupidity will be vetted on a case by case basis, obviously fraudulent claims will be laughed at, and all cases will be dependent on a reasonable standard of proof and verification. This is also going to be an evolving and good faith approach to giving back to our real ReddHead community, and will require both transparency and abuse-prevention to be successful, but we look forward to being able to help those who deserve and need it. NOTE: Trading and speculative losses aren’t covered in any of this. Obviously.
6) I WANT TO KNOW MORE!
We’re working right now to rebuild our main website www.reddcoin.com into a more informative and resource-rich site, but it’s a good starting point. We are in the process of updating our roadmap to cover the end of 2020 and the future as well, and both of those should be available and will be announced within the next month.
a. www.medium.com/@techadept
b. www.reddcoin.com/reddpaper and https://reddcoin.com/reddpaper-faq/
c. www.twitter.com/@reddcoin
d. www.reddit.com/reddcoin
e. https://t.me/ReddcoinOfficial (Telegram chat)
g. https://www.facebook.com/reddcoin
7) IS TECHADEPT DRINKING WHILE WRITING THIS UPDATE??
a. Yes. Macallan. Fight me.
submitted by TechAdept to reddCoin [link] [comments]

[for hire] Developer (websites + software developer)

Hello, my name is Simon and I’m a software developer.
I make websites:
I am very flexible on price. Depending on how big it is, and what you want on it.
My prices start from $5 per webpage but the price varies depending on the amount of work required. I do not undertake large projects.
I can also probably tweak existing webpages if required. (pricing will have to be discussed)
I try to avoid frameworks or templates as much as possible. Whenever possible I code everything by hand, from scratch. This means the pages will load quickly, and will not carry any unnecessary excess weight. Do note though, that this will increase the time for me to deliver the finished product.
I do not make logos, provide text or media (these will have to be provided). I also require a good idea of how you want it to look (send a rough sketch of what you want where, as well as fonts colors ect).
Unfortunately this is really the only example of my work that I haven't deleted:
https://simon3335.github.io/CSGO_Trading
I can code in Python and some C:
I am familiar with scripting, making desktop applications and more. My prices vary depending on the job and will need to be negotiated.
(Python):
https://github.com/Simon3335/FSTW-Prices
https://github.com/Simon3335/Python-Bitmap
https://github.com/Simon3335/Alpha-FBR-Feed
(C):
https://github.com/Simon3335/WinUtils
To discuss things further you can send me a DM/PM or contact me via Discord: Simon#6468 or Twitter: u/Xantium0 (do DM me first though, as I don’t check my social media on a regular basis)
I only accept bitcoin as payment
submitted by Xantium0 to Jobs4Crypto [link] [comments]

Not all alt-coins are scams (I hope)

What is this post about?

Bitcoin brought to light the power of cryptocurrency and blockchain technology. I wanted to share some other projects to show the world that blockchain technology is a viable solution to real world problems. I had a look into some of the projects that are disrupting industries like advertising, communication, energy, finance, gambling, video games, privacy, and social media - here’s what I found:

Advertising

Personal data is gathered and sold to third parties, but the money never makes it to the user whose data has generated the value for the company using it.

Communication

Edward Snowden (among others) revealed the extent of surveillance technology collecting civilian communication data and expressed the need for a safe, secure and surveillance free method for individuals and businesses to communicate over the internet.

Privacy

With the shift away from physical cash and the move towards online payments, user privacy is at risk. Digitalization often means more surveillance, privacy is more important than ever.

Energy

Energy markets are inefficient and act in the interest of the middlemen, not the generator or consumer. With the continual transition to cleaner energy, the energy sector is looking to leverage new and existing technologies.

Financial Sector

The financial system is out of date and in serious need of an update. Traditional banking only runs during business hours and cross border payments are exceptionally slow, inefficient and costly. As we continue transitioning to a more digital world, money is making the same change.

Gambling

Gambling usually takes place in a physical or virtual casino, where the house always wins. Blockchain based gambling platforms will provide more transparency on how odds are formed, fees are charged and how payouts are scheduled.

IoT

With the introduction of IoT technology, the amount of data points being collected need to be managed and secured to avoid massive data breaches and leaks. The use of Blockchain technology can increase transparency and virtual incorruptibility.

Video Games

The video game industry is an ever evolving space which often adopted technological advancements before many others. The use of Blockchain is being explored for things such as in-game Microtransactions and digital collectables.

Social

Typical social platforms are run by centralized companies and depending on their jurisdiction, they may not be able to serve certain people. Censorship resistance is critical to allow for freedom of speech.

Looking forward

There are literally thousands of projects out there, these are just some of the projects I've found to be doing interesting things. If I’ve missed something super important, let me know. I might look into blockchain projects next that have the most current active user bases if you guys like these kinds of posts.
submitted by PM_ME_STEVE_HARVEY to CryptoCurrency [link] [comments]

[for hire] Developer (websites + software developer)

Hello, my name is Simon and I’m a software developer.
I make websites:
I am very flexible on price. Depending on how big it is, and what you want on it.
My prices start from $5 per webpage but the price varies depending on the amount of work required. I do not undertake large projects.
I can also probably tweak existing webpages if required. (pricing will have to be discussed)
I try to avoid frameworks or templates as much as possible. Whenever possible I code everything by hand, from scratch. This means the pages will load quickly, and will not carry any unnecessary excess weight. Do note though, that this will increase the time for me to deliver the finished product.
I do not make logos, provide text or media (these will have to be provided). I also require a good idea of how you want it to look (send a rough sketch of what you want where, as well as fonts colors ect).
Unfortunately this is really the only example of my work that I haven't deleted:
https://simon3335.github.io/CSGO_Trading
I can code in Python and some C:
I am familiar with scripting, making desktop applications and more. My prices vary depending on the job and will need to be negotiated.
(Python):
https://github.com/Simon3335/FSTW-Prices
https://github.com/Simon3335/Python-Bitmap
https://github.com/Simon3335/Alpha-FBR-Feed
(C):
https://github.com/Simon3335/WinUtils
To discuss things further you can send me a DM/PM or contact me via Discord: Simon#6468 or Twitter: u/Xantium0 (do DM me first though, as I don’t check my social media on a regular basis)
I only accept bitcoin as payment
submitted by Xantium0 to Jobs4Bitcoins [link] [comments]

Developer for hire (websites + software developer)

Hello, my name is Simon and I’m a software developer.
I make websites:
I am very flexible on price. Depending on how big it is, and what you want on it.
My prices start from $5 per webpage but the price varies depending on the amount of work required. I do not undertake large projects.
I can also probably tweak existing webpages if required. (pricing will have to be discussed)
I try to avoid frameworks or templates as much as possible. Whenever possible I code everything by hand, from scratch. This means the pages will load quickly, and will not carry any unnecessary excess weight. Do note though, that this will increase the time for me to deliver the finished product.
I do not make logos, provide text or media (these will have to be provided). I also require a good idea of how you want it to look (send a rough sketch of what you want where, as well as fonts colors ect).
Unfortunately this is really the only example of my work that I haven't deleted:
https://simon3335.github.io/CSGO_Trading
I can code in Python and some C:
I am familiar with scripting, making desktop applications and more. My prices vary depending on the job and will need to be negotiated.
(Python):
https://github.com/Simon3335/FSTW-Prices
https://github.com/Simon3335/Python-Bitmap
https://github.com/Simon3335/Alpha-FBR-Feed
(C):
https://github.com/Simon3335/WinUtils
To discuss things further you can send me a DM/PM or contact me via Discord: Simon#6468 or Twitter: u/Xantium0 (do DM me first though, as I don’t check my social media on a regular basis)
I only accept bitcoin as payment
submitted by Xantium0 to Jobs4Bitcoins [link] [comments]

Recap of Binance English Kava AMA (May 2020)

This AMA was conducted within the Binance English Telegram channel prior to Kava's June 10th launch of its DeFi Lending Platform.

Q1:

Can you give us a little history of KAVA?

Q2:

Could you please tell me what KAVA cryptocurrency is? What problem does it solve?

  • Answer - KAVA is the staking, governance, and reserve asset of the Kava DeFi platform. KAVA is required by node operators to secure transactions on the blockchain. Additionally, when lending fees are paid, they are converted to Kava and burned reducing the overall supply of KAVA tokens. As more users use the Kava lending platform, KAVA should become more scarce overtime.

Q3:

What is the advantage of keeping the KAVA token for a long and short term?

  • Answer - In the short term, if you stake KAVA you can earn additional block rewards every day, block by block. This provides a nice steady return on the Kava usually in the range of 3-20% depending on the number of people staking.
  • We will be opening the gates of DeFi to many top tier assets such as BNB, XRP, ATOM, and BTC which have never been able to use lending, stablecoins, or other DeFi Services. If you are a KAVA hodler you can benefit from owning and having a stake in the network as we grow because as the network grows, Kava is burned and it becomes more scarce as a resource.

Q4:

Chainlink is KAVA’s partner, can you explain more about this partnership?

  • Answer - Yes, this is not the usual chainlink partnership where a blockchain consumes data from Chainlink’s oracle solution.
  • No oracle solution adequate for DeFi applications on Cosmos was available. For this reason, Kava has teamed up with Chainlink to bring its data and reliable oracle solution to the Cosmos ecosystem. Chainlink nodes now will be able to securely publish data directly on the Kava blockchain where it can be used or easily transported to other Cosmos-based blockchains and applications. Chainlink oracles on Kava utilize all the industry-leading technologies of Chainlink, while enabling more frequent price updates and improving the reach and distribution of where that data can be used.
  • Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (Binance, Terra, OKChain, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices. For DEX’s like Binance this will enable them to create futures, options, and other derivative products they were not able to do so before.
  • TLDR: Kava + Chainlink Data creates the ideal hub for all blockchains and applications to get their DeFi services and Data, and as result makes Kava a natural hub for the growing Cosmos ecosystem.

Q5:

What is the KAVA CDP product? Do you have any exciting things down the pipeline that you can share?

  • Answer - First, let me clarify that CDP simply means “collateralized-debt-position” similar to CDOs that exist in the traditional finance world. What it means is a loan using collateral to back the loan.
  • Kava’s lending platform offers collateralized loans to users who have crypto. Getting a loan with Kava’s platform is great if you don’t want to sell your crypto position, but need short term cash for payments or if you want to use the loan to get a levered / margin position without going through KYC.
  • As for news! Kava’s lending platform is scheduled to officially launch on the mainnet June 10th.
  • At this time, DeFi will be made available to BNB for the first time ever. Also at this time, the Kava DeFi platform will be awarding the first users that have BNB extremely high rewards for being early adopters.
  • Each week, 74,000 KAVA will be given out to all the users who have taken out loans on Kava. Yes, you get free KAVA, for taking out a loan using BNB!
  • If you want to participate, you can learn more about how to do it here!
  • Medium

Q6:

Why should BNB users use KAVA’s lending platform and take out USDX? And how to mint USDX with BNB on KAVA CDP?

  • Answer - Free- maybe let's call it rewards for being good users 😉
  • The rewards are platform growth incentives so that we can grow the platform quickly.
  • Well at launch, definitely the KAVA rewards are a huge reason for BNB users to use it.
  • As for the product long-term, the major use case for our lending platform is to get a levered position without needing an exchange or to go through KYC.
  • How it works is that a BNB holder can deposit their BNB and take out USDX loans - this capital they will take and buy more BNB with it. Most people will use the loan this way to get 2-3x the original BNB amount. If the price goes up on BNB, they win 2-3x the gains!
  • Of course if the price goes down and they cannot repay their loan, the BNB collateral might get liquidated, so be careful, it works just like a margin trading account.

Q7:

Brian do you have any more information or links for our community about this?

Q8:

KAVA was initially planned to launch on Ripple network but later switched to Cosmos Tendermint Core. [email protected] is that something you see in Tendermint Core that is not available anywhere?

  • Answer - For clarification, Kava was never planned to be on Ripple. However, Ripple is a Kava investor, shareholder, and partner.
  • We selected the Cosmos-SDK featuring the Tendermint BFT consensus because during our past work with Ripple, MakerDao, ETH, and other layer 2 work we learned the value of “finality” of blockchains. For example, on ETH, the finality of blocks do not happen right away. You need to reach 15+ blocks to be confirmed on Ethereum to really know a transaction has passed. This results in really slow user experiences that aren’t acceptable in finance or any application really.
  • Tendermint solves this because it makes every transaction final and occur in seconds.
  • Additionally, we chose the Cosmos-SDK as the framework to build our stand alone blockchain, Kava because it allowed us to create our own security model and design which enables Kava as a DeFi platform responsible for millions of dollars of collateral to be very secure in a way we could net get if we built it on any other network.

Q9:

KAVA does cross-chain support. Compared to other DeFi platforms, KAVA offer collateralized loans and stable coins to users too. How will volatility be managed there with so many different collateral systems in CDP?

  • Answer - Volatility is an important consideration and accurate and timely price reference data is needed to make sure the system works.
  • All the collateral positions rely on price feeds from oracles to determine if they are safe or need to be liquidated. Kava has created a novel partnership with Chainlink, where Chainlink oracles that normally run on Ethereum, operate nodes directly on Kava where they can post prices. This Kava to avoid network congestion, high gas fees, and other less desirable issues found on Ethereum, while enabling the oracles with Kava’s fast blocktimes and finality so they can actually deliver price updates 10-20x more frequently than is possible elsewhere. This makes Kava’s price feed data very reliable.
  • In times of volatility, if liquidations occur, the Kava platform automatically auctions collateral off for USDX on the market and burns the USDX. This mechanism keeps the system balanced and USDX algorithmically stable and always fully collateralized by real assets.
  • And it does this transparently, unlike the real world CDOs which caused the world issues in 2008 due to the lack of transparency in their assets and risk.

Q10:

Recently, Binance has released a white paper on BSC, a Binance smart chain. So, what can I get by staking through Binance Coin BNB?

  • Answer - Yay for smart contracts!
  • What can we get by staking bnb?
  • Staking BNB on Kava, or depositing it in a CDP and creating USDX from it earns users KAVA in rewards everyweek. A lot of rewards. In addition, you get USDX to hold which also pays out a savings rate each block that is much better than say what USD in a checking account could do.

Q11:

Various platforms are in Ethereum. So why is Kava not at Ethereum?

  • Answer - I could speak about this for ages, but there is a reason for Ethereum being the home to many hacks and bugs.
  • Kava is not on ethereum because we couldn’t build our system there. The main reasons. as I have mentioned are:
  • (1) Ethereum has congestion, oracle issues, high fees, and slow block times.
  • (2) Ethereum’s open smart contracting system can do anything. This is great for building crypto kitties, but horrible for financial software as it makes all code have infinite attack vectors that hackers can use which are impossible to test for. We built our own chain so we could scope the code and limit what attack vectors are possible.
  • (3) Building in solidity, the language of Ethereum, is horrible. The development environment is bad, testnets don’t work, and many other things are painful. Kava is primarily built in GO which is far superior for financial applications in most respects.
  • (4) The future is Cosmos. Binance, Okchain, terra, Cosmos Hub(ATOM), and Kava all are created using the Cosmos-SDK framework. I believe this is the future and the blockchain developers are moving to this in mass. Over 110 projects now are building with the Cosmos-SDK.

Q12:

What are ways by which Kava project generates profit/revenue to maintain project. What is your revenue model?

  • Answer - Kava is a for-profit financial DAO with over 80 different businesses staking Kava and voting on its evolution. They want to see Kava succeed so they vote to fund operations and developments that drive user growth in Kava. Due to fees paid in Kava and the burning mechanism, as the system grows in users, the Kava supply decreases making those that hold Kava win due to scarcity.

Q13:

Lending/Borrowing has been introduced by Binance. How can this affect the Kava since people can directly borrow BUSD from Binance with BNB used as collateral than going to Kava?

  • Answer - Kava will be featured on Binance as well. The main benefit of Kava is that there is no counterparty. The capital is minted on demand not sourced from somewhere. Binance and other centralized parties on the otherhand need to find capital to provide loans, creating a cost of capital. Kava is much more efficient at providing capital and avoids a lot of regulator issues.
  • I'll add I think BUSD in the future might be usable for collateral to Kava's loans as well. It would be cool 🙂

Q14:

What's your opinions on Future of DeFi & DApps? Do you think that DeFi is the future of current Financial world? Also, How do you see the future of KAVA?

  • Answer - I believe Centralized Finance and the existing infrastructure has a place. It has a lot of issues that cause things like the 2008 crisis and the current insolvency issues that are happening across the world due to trust-based debt with no actual backers other than the people which end up bailing out banks and other financial institutions that have made poor decisions.
  • DeFi's future is bright because it solves this fundamental issue. It removes trust and adds transparency. Kava is right at the foundation for all of DeFi as things grow and mature.

Q15:

Recently, we have seen some big hacks in DeFi platforms. How will KAVA deal with these bad actors of crypto and what security measures have been taken by KAVA for the safety of users' funds?"

  • Answer - Unlike a lot of DeFi startups, we take things seriously. We don't ""move fast and break things"" as Mark Zuckerberg would say.
  • We do a thorough analysis before suggesting to deploy code. Our internal team works very hard to run tests and simulations, once it passes internally, we give it to 3rd party auditors who try and game it and break the code. If it passes there, we give the code to the community to review and vote into the mainnet. In this way, I’d estimate about 100+ people review our code and test it before it goes live and consumers can touch it. I don't know many other project teams that due things with such diligence.

Q16:

Binance for KAVA is a very valuable partner in terms of increasing the number of users, but what is KAVA ready to give equivalent to Binance users? What applications will be integrated into Binance to expand the ecosystem?

  • Answer - Kava gives the BNB users loans. It gives the DEX a stablecoin and the ability to offer margin products. Kava’s connection to binance chain and chainlink data also enables Binance DEX to offer trustless derivatives like options and futures products going forward.

Q17:

Cosmos has limitations on working with PoW coins. How do you technically solve the problem of implementing DeFi products for bitcoin?

  • Answer - Cosmos is great for hard-to-work-with blockchains like BTC. It's flexible in how you can construct bridges. For example, the validator set can have a multisig private key split up into pieces in order to create a trustless escrow and control of assets on other blockchains. In this way, we can create peg zones with Cosmos for the best assets in the world. Once a zone is established, it can be used on Kava and other Cosmos chains.

Q18:

USDX is currently a little-known stable coin. Do you plan to add it to the top exchanges with good liquidity, including Binance?

  • Answer - USDX will be growing quickly. We have a plan to have it listed and get liquidity across several known exchanges shortly after launch.

Q19:

There are several options for using USDX on the KAVA platform, one of which is Margin Trading / Leverage. Is this a selection function or a compulsory function? Wondering since there are some investors who don`t like margin. What is the level of leverage and how does a CDP auction work?

  • Answer - Using Kava for Margin trading is 100% optional. You can choose how you want to use the margin loan. You don’t have to spend the USDX unless you want to. It could be used for everyday payments as well in the case you simply don’t want to sell your underlying collateral. If you don’t want the risk, do small loans with lots of collateral.

Q20:

Will your team have a plan to implement the DAO module on your platform, as it provides autonomy, decentralization and transparency?

  • Answer - DAO - Kava is a for-profit DAO and it’s fully functional already. We have on-chain governance and have underwent several votes and evolutions you can look at. You actually can see some current voting processes taking place here: https://kava.mintscan.io/proposals
  • We recently implemented a cool feature called committees, which enables the DAO to elect a small group of experts to make decisions without needing a vote of the whole user base. This enables the experts to have control over a small portion of the protocol - such as monitoring the debt limit, fees, etc and enables Kava to operate faster and be more adaptable in volatile market conditions.

Q21:

How can we address the possible overloads and security threats caused by increased users in the DeFi scene?

  • Answer - Yes, this is a huge issue for Ethereum, MakerDAO and everyone in the space. I don’t see a bright future for DeFi on Etheruem unfortunately. You can’t have a blockchain do everything well. Tether alone congests most of Ethereum and makes oracle price feeds lag the market. This can cause liquidations that should not happen and real people will lose real funds. It’s a huge issue.
  • The hope is for a dedicated system like Kava to provide a better backbone for DeFi applications going forward.
  • I should point out that Kava is not just a MakerDao for Cosmos or a CDP for Bitcoin. Kava is designed to be a foundational layer for DeFi services that every new blockchain and application will need.
  • Every blockchain will need DeFi services like lending, stablecoins, and data and they need it to be very secure. Kava does all this with its cross-chain lending plarform, USDX stablecoin, and Chainlink data in an incredibly secure, but accessible manner.
  • In this way, Kava aims to connect and serve all the major cryptocurrency communities and build it’s place at the center, where every developer can get what they need to build financial applications of the future."

Q22:

What distinguishes Kava from your existing competitors like Syntetix?

  • Answer - Synthetix isn't really a competitor, but it is an interesting project in terms of mechanism design. We share a lot of common investors and have similar token economic ideas with them. The only blockchain project that could be is MakerDAO, but they can only work with ETH assets due to their design. We are focused on the major cap assets - BTC, BNB, XRP, ATOM and others have a much larger market than ETH to address. BTC is 10x the size alone. Currently no one serves them with DeFi. We’re going after this opportunity and believe it to be a huge one.

Q23:

Why is the KAVA coin not used for Mint, why am I asking that because I see it can also make the value of KAVA coins grow naturally?

  • Answer - Why is Kava not used as a collateral? Well, it could be I suppose. The community might vote for this in the near future if they want us to be like synthetix. It makes the Kava token more valuable and it will incentivize much more locked-up Kava reducing overall circulating supply which is fairly favorable. The main reason we have not done this yet is that we(Kava and its community) are still weighing the risks of doing this given that Kava also functions as a reserve asset. I think it's likely Kava gets added as collateral at some point, but it will likely have a high debt-collateral ratio to address the issues similar to Synthetix which is 750%.

Q24:

How do you prevent in a manipulated KAVA Mint just to take advantage of a token prize when minting?

  • Answer - Minting rewards and manipulation. We’ve thought of this. Each week, the blockchain counts all the blocks, counts how many people had a loan in that period, then takes the average loan amount over time to calculate the rewards. If you open and close a loan - you will get very little rewards. You only get a large reward if you keep the loan open the full period.

Q25:

Who are your oracle providers? Are you also an oracle provider?

  • Answer - Kava may run 1 oracle in the future, but we will always have many and be the minority. Most chainlink oracle node operators are large players in the space that run staking infrastructure companies like cosmostation, chainlayer, chorus one, figment networks, etc. Binance will also be one of our oracles.

Q26:

If we look at all the different types of DeFi products _(decentralized exchanges, stablecoins, atomic swaps, insurance products, loan platforms, trade financing platforms, custody platforms, and crowdfunding platforms) currently covering important areas of traditional finance...where does Kava fit in?

  • Answer - To make any interesting financial product work you need capital, a stable store of value, and price data. These are really hard to get on current blockchain environments. Kava provides all of these.

Q27:

Many people describe Kava as similar to Maker (MKR). How is Kava different? Why do you think Kava has more potential?

  • Answer - MakerDAO is a smart contract with a singular purpose, to serve ETH. It sadly inherited the problems of ethereum. Kava is designed from the ground up for security and interoperability. We are targeting bigger and better assets and have more capabilities to serve them with what their developers and ecosystem need.

Q28:

What is the uniqueness of KAVA project that cannot be found in other project that´s been released so far ?

  • Answer - Well in June 10th, we will be the first ever blockchain project to bring DeFi to another blockchain in a real way. BNB users will have loans, stablecoins, and much more.

Q29:

The gas fee is an issue for blockchain besides scalability. Does your Kava provide a solution for gas?

  • Answer - gas fees are very low on Kava, only high enough to prevent spam. We dont need high fees for TX because validators are paid in block rewards. Additionally, we dont have competing transactions from crypto-kitties or other non-financial applications. This leaves all of Kava's throughput 100% dedicated to scaling financial transactions.

Q30:

Kava project works on DeFi (Decentralized Finance) But what’s the benefits of Decentralized Financial system? What are the possibilities of DeFi over Centralized Finance system?

  • Answer - Open access, no need for trust, and no censorship by singular governments or parties. Kava is accessible anywhere in the world, by anyone.

Q31:

Data supplied by oracles are false at times, how do you prevent this? How reliable are data received by KAVA?

  • Answer - This is why using premium / credentialed APIs is important for oracles. These data sources tend to be more accurate and better managed. Wrong prices can happen - for liquidation systems like Kava, we factor this into our design by using an average of data overtime form all oracles as part of the calculation.

Q32:

Can anyone become a KAVA validator, or is it just an invitation from the project itself? What are the requirements for becoming a KAVA verifier?

  • Answer - Anyone can become a validator, but you will need to stake or have enough stake delegated to you from others to be in the top 100 validators to earn block rewards.

Q33:

DEFI PULSE said that a total of 902M is currently locked. According to you, how will this number change in the next few years, and how will KAVA position itself as the top player in this market segment?

  • Answer - DeFi will only grow through 2020. And likely grow massively.
  • All projects on DeFi pulse are ""ethereum"" based. Kava is going to shake the blockchain world in the next few weeks by being the first ""multi-chain"" project on DeFi pulse and by my estimations we should quickly surpass a lot of the projects on that list.

Q34:

I am an testnet minter and the process seem Simplified, now I want to know if minting of USDX will continue when you launch Mainnet and do you have plans to build your own KAVA WALLET for easy minting on your mainnet

  • Answer - Simple blockchain experience?! high praise! Yes the process will be the same. Kava will not provide interfaces or wallets. Kava Labs builds software for the blockchain, our community members like Cosmostation, Frontier, Trust Wallet build support for people to interact with it.

Q35:

What business plans does Kava have with Seoul (South Korea) after partnering with Cosmostation? Do you plan to expand your products beyond Asia? Have you thought about harnessing the potential of South America?

  • Answer - South Korea is a perfect market for Kava's DeFi. Regulations prohibit fiat-backed stablecoins and margin trading. Kava's platform uses crypto-backed stabvlecoins and can enable users to get loans to margin trade. I am looking forward to further developing the Korean market for Kava, working with close partners like Cosmostation and showing the world real use cases of DeFi.

Q36:

Thank you for taking the time to conduct this AMA. Do you have any parting words, and where can the people go to keep up with all of the new happenings regarding Kava Labs?

  • Answer - Thanks for all the awesome questions! Amazingly thoughtful!
  • I've been promising the world cross-chain DeFi since June of last year. The IEO and mainnet went live Nov 2019. It's been a year of hard work - but an industry first is coming on June 10th. I'm excited. I hope you guys are.
  • Thanks for having me, I hope you become a USDX minter and get KAVA rewards. And last but not least, I love Binance - it's Kava's first home and I'm really happy to open up DeFi to BNB first.
  • To keep up to date w/ all things Kava: Website - Telegram - Telegram for Kava Trading Chat - Twitter - Medium
submitted by Kava_Mod to KavaUSDX [link] [comments]

Monthly Nano News: December 2019 + Year Recap Special

This is what NANO has been up to lately. I don't think I lie if I say it has been quite an amazing year!
See you soon and happy new year! Something nice is coming soon that I have been working on for a while, stay tuned..

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019


More news here: https://nanolinks.info/news

https://preview.redd.it/9sw5nkoxlt741.png?width=749&format=png&auto=webp&s=3426d4eafb9430c0304a6d161596102536df4318
submitted by Joohansson to nanocurrency [link] [comments]

Hackers Created Thousands of Coronavirus (COVID-19) Related Sites As Bait

Hackers Created Thousands of Coronavirus (COVID-19) Related Sites As Bait

https://preview.redd.it/f6ob2qnnikn41.jpg?width=728&format=pjpg&auto=webp&s=bc0bdced62fcaccdc120aa50e18f34151cf9bb51
As the world comes to grips with the coronavirus pandemic, the situation has proven to be a blessing in disguise for threat actors, who've taken advantage of the opportunity to target victims with scams or malware campaigns.
Now, according to a new report published by Check Point Research today and shared with The Hacker News, hackers are exploiting the COVID-19 outbreak to spread their own infections, including registering malicious Coronavirus-related domains and selling discounted off-the-shelf malware in the dark web.
"Special offers by different hackers promoting their 'goods' — usually malicious malware or exploit tools — are being sold over the darknet under special offers with 'COVID19' or 'coronavirus' as discount codes, targeting wannabe cyber-attackers," the cybersecurity firm said.

COVID-19 Discounts: Exploit Tools for Sale

The report comes following an uptick in the number of malicious coronavirus-related domains that have been registered since the start of January.
https://preview.redd.it/13oxzp4sikn41.jpg?width=728&format=pjpg&auto=webp&s=0e521a5cf479d2f41d8e74b481067799991b7d68
"In the past three weeks alone (since the end of February 2020), we have noticed a huge increase in the number of domains registered — the average number of new domains is almost 10 times more than the average number found in previous weeks," the researchers said. "0.8 percent of these domains were found to be malicious (93 websites), and another 19 percent were found to be suspicious (more than 2,200 websites)."
Some of the tools available for purchase at a discounted price include "WinDefender bypass" and "Build to bypass email and chrome security."
https://preview.redd.it/ti9giucwikn41.jpg?width=728&format=pjpg&auto=webp&s=6911833e61984ed3a96a9db432b582ed4fee6078
Another hacking group, which goes by the moniker "SSHacker," is offering the service of hacking into Facebook account for a 15 percent discount with the "COVID-19" promo code.
What's more, a seller that goes by the name of "True Mac" is selling a 2019 MacBook Air model for a mere $390 as a "corona special offer." It goes without saying the offer is a scam.

A Long List of Coronavirus-Themed Attacks

The latest development adds to a long list of cyberattacks against hospitals and testing centers, phishing campaigns that distribute malware such as AZORuIt, Emotet, Nanocore RAT and TrickBot via malicious links and attachments, and execute malware and ransomware attacks that aim to profit off the global health concern.
  • APT36, a Pakistani state-sponsored threat actor that targets the defense, embassies, and the government of India, was found running a spear-phishing campaign using Coronavirus-themed document baits that masqueraded as health advisories to deploy the Crimson Remote Administration Tool (RAT) onto target systems.
  • Researchers from security firm IssueMakersLab uncovered a malware campaign launched by North Korean hackers that used boobytrapped documents detailing South Korea's response to the COVID-19 epidemic as a lure to drop BabyShark malware. Recorded Future observed, "at least three cases where reference to COVID-19 has been leveraged by possible nation-state actors."
  • A COVID-19-themed malspam campaign targeted the manufacturing, industrial, finance, transportation, pharmaceutical, and cosmetic industries via Microsoft Word documents that exploit a two-and-a-half-year-old Microsoft Office bug in Equation Editor to install AZORult malware. The AZORult info stealer has also been distributed using a fraudulent version of the Johns Hopkins Coronavirus Map in the form of a malicious executable.
  • A fake real-time coronavirus tracking Android app, called "COVID19 Tracker," was found to abuse user permissions to change the phone's lock screen password and install CovidLock ransomware in return for a $100 bitcoin ransom.
  • Another phishing attack, uncovered by Abnormal Security, targeted students and university staff with bogus emails in a bid to steal their Office 365 credentials by redirecting unsuspecting victims to a fake Office 365 login page.
  • Comment spamming attacks on websites that contained links to a seemingly innocuous coronavirus information website but redirected users to dubious drug-selling businesses.
  • Aside from malware-laden spam emails, F-Secure researchers have observed a new spam campaign that aims to capitalize on the widespread mask shortage to trick recipients into paying for masks, only to send them nothing.

Staying Secure in the Time of COVID-19

It's amply clear that these attacks exploit coronavirus fears and people's hunger for information about the outbreak. Given the impact on the security of businesses and individuals alike, it's essential to avoid falling victim to online scams and practice good digital hygiene:
  • Businesses should ensure that secure remote access technologies are in place and configured correctly, including the use of multi-factor authentication, so that employees can conduct business just as securely from home.
  • Individuals should keep away from using unauthorized personal devices for work, and ensure "personal devices will need to have the same level of security as a company-owned device, and you will also need to consider the privacy implications of employee-owned devices connecting to a business network."
  • Watch out for emails and files received from unknown senders. Most importantly, check a sender's email address for authenticity, don't open unknown attachments or click on suspicious links, and avoid emails that ask them to share sensitive data such as account passwords or bank information.
  • Use trusted sources, such as legitimate government websites — for up-to-date, fact-based information about COVID-19.
submitted by icssindia to HackingTechniques [link] [comments]

Ergo use cases: safe, simple financial contracts

Ergo enables new models of financial interaction, underpinned by smart contracts built on flexible and powerful Sigma protocols but easily accessible to developers.
One of the most exciting things about blockchain is the possibility of making digital agreements without any trusted intermediaries. In the simplest use case, pioneered by Bitcoin, Alice can send a payment directly to Bob, wherever the two of them are located around the world, with no bank or any trusted third party needed. However, with the functionality of a modern blockchain like Ergo, it is possible to make far more complex and sophisticated financial agreements than simple payments. Take the following example.

Gold-backed tokens

Alice uses ERGs to purchase gold-backed tokens from Bob. Bob stores the gold in a secure vault, and uses the blockchain to issue one token for every Troy ounce of gold he has. Alice can then use these tokens freely in different contracts, transferring and trading them under whatever conditions she specifies in the smart contract code. When Alice wants to sell the tokens for physical gold, she can conduct another transaction with Bob, receiving ERG in return, at market price.
The point of blockchain contracts is to eliminate the need for trust. While the purchase transaction is now trustless, in this instance Alice still needs to trust Bob about two things. Firstly, Bob may refuse to swap the gold tokens back to ERG at the correct price when Alice wants to sell. Secondly, Bob may default on his obligations – running away with the gold, or misusing the funds he receives and running a fractional reserve.

Extending the contracts

To address these issues, we can create an Oracle, or decentralised price feed. This uses multiple sources of external data to record the price of gold to the blockchain at regular intervals. This price feed will be the reference point for the redemption contract that manages the sale of Alice’s gold with Bob (or any other participant). Thus the system automatically enforces the right price when a swap takes place.
The second situation requires a third-party insurer, Charlie, whose service is also hosted on the blockchain with a smart contract. When Alice purchases gold from Bob, she additionally buys an insurance contract from Charlie. The payment can be dependent on factors including the amount of insurance required, and Bob’s reputation – again, managed by a decentralized feedback mechanism. Now, if Bob defaults, Alice will automatically receive the value of her gold tokens, with Charlie effectively acting as a buyer of last resort.

Programmable contracts

There are, of course, many other example use cases like this one. We can also extend this use case, adding further economic actors. For example, Charlie may sell shares in his insurance business to Dave and other participants, providing them with a proportion of revenues in return for ensuring he has the capital he needs to cover any liabilities from the outset.
However, even the most complex use case is simpler than general-purpose software that can be used to program any contract. After all, generalised logic must be both far-reaching and secure. Moreover, even a specialised contract is made up of many steps, each of which is fairly simple. Thus another requirement for a general-purpose platform is that it should simplify the process of writing contracts, making them as accessible (and safe) as possible. This can be achieved with the use of template agreements, with customisable parameters. The insurance contract above could be based on a module with flexible parameters, for example. This could be used and reused in many different circumstances.

Ergo’s approach

This is essentially the approach that Ergo takes, providing superior support for real-world financial agreements. It does this through:
  1. Support for multi-stage contracts (watch details for developers)
  2. A simple high-level language, ErgoScript, enabling clear descriptions of contractual logic
  3. Support for formal verification of contracts for improved security guarantees (Ergo Platform deployed its first formally verified p2p crowdfunding contract just three months after the network launched)
  4. Easy Oracle creation
  5. Native support for complex signature schemes
In short, creating financial contracts on the blockchain isn’t just about the functionality you provide. It’s about making that functionality safe and accessible, as well as powerful. Ergo achieves this and more.
submitted by eleanorcwhite to CryptoMarkets [link] [comments]

Reddcoin (#RDD) May 2020 Team Update, or “New Wallets & What to Expect when You’re Expecting PoSV v2”

Link to Medium post -> https://medium.com/@techadept/reddcoin-rdd-may-2020-team-update-or-what-to-expect-when-youre-expecting-posv-v2-b708319221ce?sk=b5eafc57b67327d99a35380f390d77ca
Hey, ReddHeads and Crypto Fans!!
To new ReddHeads, welcome! To old ReddHeads, welcome back! It’s an exciting time in Reddcoin (RDD) for a lot of reasons, and we, the Reddcoin Core development team, wanted to get a brief update out to touch base on some of the highlights.
Attached are some screenshots of our work to enhance security and interoperability, and to extend support to MacOS Catalina in our newest v3.10.1 wallet.
This wallet release also includes components and performance & security upgrades taken from the Bitcoin 0.10 codebase, and we will be following much of that same development and enhancement in our Reddcoin Core wallet in the future, with 0.11 up next.
This release is not a required upgrade (except for Catalina users), but will benefit user experience and security significantly. We’ll be publishing, of course, a full public changelog, hashes and commit list in Github along with open source code and compiled executables upon release.
But the major changes in Reddcoin v3 are just about to start, as PoSV v2 gets ready to activate. Released to the community on 12/24/19, the blockchain has (at time of writing) reached 8197 of the required 9000 block threshold, or 91.08% of our goal of supermajority. If you haven’t upgraded yet, or aren’t staking, it’s time.
After PoSV v2 activation, older (v2.x, v1.x) wallets will not be able to send transactions or stake.
We anticipate activation to be reached within a very short time period, especially once our Mac ReddHeads are able to participate, and as such we want to ensure that information for the general community is available and up to date.
1) AM I GOING TO LOSE MY REDDCOIN (RDD)??
a. NO. This is a soft-fork, and whether you’ve upgraded to a v3 wallet or not, you cannot lose your coins. The blockchain itself will remain the same, it is only the rules of staking that are changing. Older wallets WILL stop functioning immediately after the threshold is passed and PoSV v2 activates, but all that is required at that point to restore functionality is to install the new v3 wallet. If you need help, please join our Telegram or Discord live chats for community or Dev help directly. No ReddHead left behind!
2) WHAT DO I NEED TO DO??
a. If you’re staking, make sure you’re using a v3 wallet, preferably the latest version. Right now, that is v3.0.1, in a few days with the above noted release it will be v3.10.1. You may also wish to use the “Backup…” function at this time to make sure you have a backup of the only important file you need, the “wallet.dat” file. There are no mobile staking options at this time due to the nature of our PoSV protocol, but you can deposit coins in the dev team-run ReddBot on Telegram to stake if you have no other options until a mobile staking option is made available.
b. If you’re not staking, or are holding on Coinomi, or Guarda, or other 3rd party wallets, or on an exchange, or a paper wallet, you will also have no operational issues, but of course you’re encouraged to help secure the network and validate transactions, by starting to stake.
3) I’M BORED. ENTERTAIN ME!
a. OK. As successful as our first meetup was, we agree. Look for an upcoming benefit concert from Reddcoin and hopscotchmafiamusic.com at the end of this month. No, really. Free awesome music, cool people, come have a bit of fun with the ReddHead community virtually!
4) I’M HUNGRY. FEED ME!
a. Well…with the activation of PoSV v2, and the creation of Reddcoin’s self- funded development mechanism, we’re very excited to be able to provide at least some resources and RDD toward the Reddcoin Community Food & Supply Bank initiative in the near future. Reddcoin Core will also be donating any funds received in connection with the above concert event to worthy and working charities, especially if we can convince them to receive RDD (or BTC). Watch for further info about this and other charity initiatives to come. Our own efforts rely on PoSV v2 activation, but will be documented publicly and transparently as they evolve.
5) I WAS USING RDD AND THEN X (or Y or Z) HAPPENED AND NOW I’M BROKE AND SAD AND ANGRY. HELP ME!
a. Perhaps you’ve not heard about Reddcoin’s uniquely conceived “Reddcoin Restitution Fund”. Been hacked? Lost a few coins when your computer crashed or your brother formatted your hard drive? Reddcoin has committed a percentage of PoSV v2 funding to give back to users legitimately affected by events beyond their control.
Cases of extreme stupidity will be vetted on a case by case basis, obviously fraudulent claims will be laughed at, and all cases will be dependent on a reasonable standard of proof and verification. This is also going to be an evolving and good faith approach to giving back to our real ReddHead community, and will require both transparency and abuse-prevention to be successful, but we look forward to being able to help those who deserve and need it. NOTE: Trading and speculative losses aren’t covered in any of this. Obviously.
6) I WANT TO KNOW MORE!
We’re working right now to rebuild our main website www.reddcoin.com into a more informative and resource-rich site, but it’s a good starting point. We are in the process of updating our roadmap to cover the end of 2020 and the future as well, and both of those should be available and will be announced within the next month.
a. www.medium.com/@techadept
b. www.reddcoin.com/reddpaper and https://reddcoin.com/reddpaper-faq/
c. www.twitter.com/@reddcoin
d. www.reddit.com/reddcoin
e. https://www.facebook.com/reddcoin
7) IS TECHADEPT DRINKING WHILE WRITING THIS UPDATE??
a. Yes. Macallan. Fight me.
submitted by TechAdept to CryptoCurrency [link] [comments]

Ergo use cases: safe, simple financial contracts

Ergo enables new models of financial interaction, underpinned by smart contracts built on flexible and powerful Sigma protocols but easily accessible to developers.
One of the most exciting things about blockchain is the possibility of making digital agreements without any trusted intermediaries. In the simplest use case, pioneered by Bitcoin, Alice can send a payment directly to Bob, wherever the two of them are located around the world, with no bank or any trusted third party needed. However, with the functionality of a modern blockchain like Ergo, it is possible to make far more complex and sophisticated financial agreements than simple payments. Take the following example.

Gold-backed tokens

Alice uses ERGs to purchase gold-backed tokens from Bob. Bob stores the gold in a secure vault, and uses the blockchain to issue one token for every Troy ounce of gold he has. Alice can then use these tokens freely in different contracts, transferring and trading them under whatever conditions she specifies in the smart contract code. When Alice wants to sell the tokens for physical gold, she can conduct another transaction with Bob, receiving ERG in return, at market price.
The point of blockchain contracts is to eliminate the need for trust. While the purchase transaction is now trustless, in this instance Alice still needs to trust Bob about two things. Firstly, Bob may refuse to swap the gold tokens back to ERG at the correct price when Alice wants to sell. Secondly, Bob may default on his obligations – running away with the gold, or misusing the funds he receives and running a fractional reserve.

Extending the contracts

To address these issues, we can create an Oracle, or decentralised price feed. This uses multiple sources of external data to record the price of gold to the blockchain at regular intervals. This price feed will be the reference point for the redemption contract that manages the sale of Alice’s gold with Bob (or any other participant). Thus the system automatically enforces the right price when a swap takes place.
The second situation requires a third-party insurer, Charlie, whose service is also hosted on the blockchain with a smart contract. When Alice purchases gold from Bob, she additionally buys an insurance contract from Charlie. The payment can be dependent on factors including the amount of insurance required, and Bob’s reputation – again, managed by a decentralized feedback mechanism. Now, if Bob defaults, Alice will automatically receive the value of her gold tokens, with Charlie effectively acting as a buyer of last resort.

Programmable contracts

There are, of course, many other example use cases like this one. We can also extend this use case, adding further economic actors. For example, Charlie may sell shares in his insurance business to Dave and other participants, providing them with a proportion of revenues in return for ensuring he has the capital he needs to cover any liabilities from the outset.
However, even the most complex use case is simpler than general-purpose software that can be used to program any contract. After all, generalised logic must be both far-reaching and secure. Moreover, even a specialised contract is made up of many steps, each of which is fairly simple. Thus another requirement for a general-purpose platform is that it should simplify the process of writing contracts, making them as accessible (and safe) as possible. This can be achieved with the use of template agreements, with customisable parameters. The insurance contract above could be based on a module with flexible parameters, for example. This could be used and reused in many different circumstances.

Ergo’s approach

This is essentially the approach that Ergo takes, providing superior support for real-world financial agreements. It does this through:
  1. Support for multi-stage contracts (watch details for developers)
  2. A simple high-level language, ErgoScript, enabling clear descriptions of contractual logic
  3. Support for formal verification of contracts for improved security guarantees (Ergo Platform deployed its first formally verified p2p crowdfunding contract just three months after the network launched)
  4. Easy Oracle creation
  5. Native support for complex signature schemes
In short, creating financial contracts on the blockchain isn’t just about the functionality you provide. It’s about making that functionality safe and accessible, as well as powerful. Ergo achieves this and more.
submitted by eleanorcwhite to CryptoCurrencies [link] [comments]

What is your personal theory on how CSW fooled gavin?

If I recall correctly, John Matonis, Calvin Ayre, and Andrew O'Hagan all claim Craig Wright signed with an early block's coinbase's private keys.
John Matonis - I have not heard much about this but I heard that he claims CSW signed for him
Calvin Ayre i think has tweeted to the effect that Craig has signed for him, but given that he thinks SV might have gigameg blocks in the not too distant future, he's probably easy to fool, especially if Craig is the one controlling the computer.
Same with Andrew O'Hagan, the author of the satoshi affair, he admits Craig Wright simply claimed he just signed for him while at his house, he didn't understand what he was looking at, and Craig was also controlling the computer.
The one I'm not so sure about is Gavin Andressen (former bitcoin developer).
Even if gavin doesn't know anything about cryptography, he seems like a pretty technical guy given that he's a professional software engineer. Not the easist guy to fool, but given his account from his blog, it seems like he got took. There are only a few possiblities:
From the Satoshi Affair:
The solution had to be a fresh computer straight out of the box. MacGregor called his assistant and gave her the task.
MacGregor is the guy, who represents the millionaires behind the deal for the rights to publish Craig's story, future patents i believe, and also to bail out his businesses in Australia.
So either MacGregor was in on the deception or Craig Wright rigged the wifi router to feed a modified copy of electrum to the computer that did the signature verification and create a signature belonging to a private key from the first block on a message of his own choosing. In the prevailing theory, CSW just modifies electrum to have it verify correctly any string which ends in "CSW", no doubt could be done by a python programmer in a few minutes if they familiarized themselves with the electrum code. Electrum folks state on twitter that no one (in the region?) downloaded the signature for verification that day for a windows binary, so perhaps a network attack - he does have a master's degree computer networking so hopefully he learned at least a little something in all that schooling.
Was electrum's default website not https:// back then? Or maybe he did some arp posioning to fool the new computer into sending all its packets destined for the internet through Wright's computer, then when gavin sloppily types electrum.org his browser hits http://electrum.org first, and before it gets a redirect from the internet to https://, wright blocks that http:// 301 response and sends his own page + download page + electrum copy through http://. Still he needs to serve his own poisoned dns records as well, or intercept and modify dns query responses. This all assumes a lot of technical competence from someone who has demonstrated profound technical incompetence at nearly every turn.
submitted by burnitdownforwhat to bsv [link] [comments]

Ergo use cases: safe, simple financial contracts

Ergo enables new models of financial interaction, underpinned by smart contracts built on flexible and powerful Sigma protocols but easily accessible to developers.
One of the most exciting things about blockchain is the possibility of making digital agreements without any trusted intermediaries. In the simplest use case, pioneered by Bitcoin, Alice can send a payment directly to Bob, wherever the two of them are located around the world, with no bank or any trusted third party needed. However, with the functionality of a modern blockchain like Ergo, it is possible to make far more complex and sophisticated financial agreements than simple payments. Take the following example.

Gold-backed tokens

Alice uses ERGs to purchase gold-backed tokens from Bob. Bob stores the gold in a secure vault, and uses the blockchain to issue one token for every Troy ounce of gold he has. Alice can then use these tokens freely in different contracts, transferring and trading them under whatever conditions she specifies in the smart contract code. When Alice wants to sell the tokens for physical gold, she can conduct another transaction with Bob, receiving ERG in return, at market price.
The point of blockchain contracts is to eliminate the need for trust. While the purchase transaction is now trustless, in this instance Alice still needs to trust Bob about two things. Firstly, Bob may refuse to swap the gold tokens back to ERG at the correct price when Alice wants to sell. Secondly, Bob may default on his obligations – running away with the gold, or misusing the funds he receives and running a fractional reserve.

Extending the contracts

To address these issues, we can create an Oracle, or decentralised price feed. This uses multiple sources of external data to record the price of gold to the blockchain at regular intervals. This price feed will be the reference point for the redemption contract that manages the sale of Alice’s gold with Bob (or any other participant). Thus the system automatically enforces the right price when a swap takes place.
The second situation requires a third-party insurer, Charlie, whose service is also hosted on the blockchain with a smart contract. When Alice purchases gold from Bob, she additionally buys an insurance contract from Charlie. The payment can be dependent on factors including the amount of insurance required, and Bob’s reputation – again, managed by a decentralized feedback mechanism. Now, if Bob defaults, Alice will automatically receive the value of her gold tokens, with Charlie effectively acting as a buyer of last resort.

Programmable contracts

There are, of course, many other example use cases like this one. We can also extend this use case, adding further economic actors. For example, Charlie may sell shares in his insurance business to Dave and other participants, providing them with a proportion of revenues in return for ensuring he has the capital he needs to cover any liabilities from the outset.
However, even the most complex use case is simpler than general-purpose software that can be used to program any contract. After all, generalised logic must be both far-reaching and secure. Moreover, even a specialised contract is made up of many steps, each of which is fairly simple. Thus another requirement for a general-purpose platform is that it should simplify the process of writing contracts, making them as accessible (and safe) as possible. This can be achieved with the use of template agreements, with customisable parameters. The insurance contract above could be based on a module with flexible parameters, for example. This could be used and reused in many different circumstances.

Ergo’s approach

This is essentially the approach that Ergo takes, providing superior support for real-world financial agreements. It does this through:
  1. Support for multi-stage contracts (watch details for developers)
  2. A simple high-level language, ErgoScript, enabling clear descriptions of contractual logic
  3. Support for formal verification of contracts for improved security guarantees (Ergo Platform deployed its first formally verified p2p crowdfunding contract just three months after the network launched)
  4. Easy Oracle creation
  5. Native support for complex signature schemes
In short, creating financial contracts on the blockchain isn’t just about the functionality you provide. It’s about making that functionality safe and accessible, as well as powerful. Ergo achieves this and more.
submitted by Guilty_Pea to btc [link] [comments]

Ergo use cases: safe, simple financial contracts

Ergo enables new models of financial interaction, underpinned by smart contracts built on flexible and powerful Sigma protocols but easily accessible to developers.
One of the most exciting things about blockchain is the possibility of making digital agreements without any trusted intermediaries. In the simplest use case, pioneered by Bitcoin, Alice can send a payment directly to Bob, wherever the two of them are located around the world, with no bank or any trusted third party needed. However, with the functionality of a modern blockchain like Ergo, it is possible to make far more complex and sophisticated financial agreements than simple payments. Take the following example.
Gold-backed tokens Alice uses ERGs to purchase gold-backed tokens from Bob. Bob stores the gold in a secure vault, and uses the blockchain to issue one token for every Troy ounce of gold he has. Alice can then use these tokens freely in different contracts, transferring and trading them under whatever conditions she specifies in the smart contract code. When Alice wants to sell the tokens for physical gold, she can conduct another transaction with Bob, receiving ERG in return, at market price.
The point of blockchain contracts is to eliminate the need for trust. While the purchase transaction is now trustless, in this instance Alice still needs to trust Bob about two things. Firstly, Bob may refuse to swap the gold tokens back to ERG at the correct price when Alice wants to sell. Secondly, Bob may default on his obligations – running away with the gold, or misusing the funds he receives and running a fractional reserve.
Extending the contracts To address these issues, we can create an Oracle, or decentralised price feed. This uses multiple sources of external data to record the price of gold to the blockchain at regular intervals. This price feed will be the reference point for the redemption contract that manages the sale of Alice’s gold with Bob (or any other participant). Thus the system automatically enforces the right price when a swap takes place.
The second situation requires a third-party insurer, Charlie, whose service is also hosted on the blockchain with a smart contract. When Alice purchases gold from Bob, she additionally buys an insurance contract from Charlie. The payment can be dependent on factors including the amount of insurance required, and Bob’s reputation – again, managed by a decentralized feedback mechanism. Now, if Bob defaults, Alice will automatically receive the value of her gold tokens, with Charlie effectively acting as a buyer of last resort.
Programmable contracts There are, of course, many other example use cases like this one. We can also extend this use case, adding further economic actors. For example, Charlie may sell shares in his insurance business to Dave and other participants, providing them with a proportion of revenues in return for ensuring he has the capital he needs to cover any liabilities from the outset.
However, even the most complex use case is simpler than general-purpose software that can be used to program any contract. After all, generalised logic must be both far-reaching and secure. Moreover, even a specialised contract is made up of many steps, each of which is fairly simple. Thus another requirement for a general-purpose platform is that it should simplify the process of writing contracts, making them as accessible (and safe) as possible. This can be achieved with the use of template agreements, with customisable parameters. The insurance contract above could be based on a module with flexible parameters, for example. This could be used and reused in many different circumstances.
Ergo’s approach This is essentially the approach that Ergo takes, providing superior support for real-world financial agreements. It does this through:
  1. Support for multi-stage contracts (watch details for developers)
  2. A simple high-level language, ErgoScript, enabling clear descriptions of contractual logic
  3. Support for formal verification of contracts for improved security guarantees (Ergo Platform deployed its first formally verified p2p crowdfunding contract just three months after the network launched)
  4. Easy Oracle creation
  5. Native support for complex signature schemes In short, creating financial contracts on the blockchain isn’t just about the functionality you provide. It’s about making that functionality safe and accessible, as well as powerful. Ergo achieves this and more.
Share post:
Facebook
Twitter
Ergoplatform.org
submitted by kushti to ergoplatformorg [link] [comments]

How to embed a Twitter feed on your SchoolWires website How to embed Twitter® feed in a website How to Embed Twitter Feed in a Website - YouTube How to Embed Twitter Feed in Website (Step by Step) 2017 ... Embed Facebook & Twitter timeline feeds on your site - YouTube

About Site - Read the latest Cryptocurrency and Blockchain news with our updated live feed of breaking stories surrounding Bitcoin, Ethereum, XRP, and all other cryptos. Frequency 2 posts / month View Latest Posts ⋅ Get Email Contact Receive notification of important security announcements and releases for Bitcoin Core. Subscribe to the RSS feed below. RSS. Low traffic for announcements only. While ADAM doesn’t stand in for formal regulators, its code of conduct may serve as a placeholder for a lack of clear rules and mandates in the underlying bitcoin spot market. In the U.S., at least, this isn’t just a product of bitcoin being an emerging (and often stigmatized) asset class. Twitter says hackers accessed direct messages of some accounts in bitcoin scam An Irish drug dealer learned the hard way what every bitcoin investor knows: never lose your codes. So, Wednesday was not a great day at the offices of Twitter. The verified Twitter accounts of various politicians, billionaires and celebrities were hacked around 5 p.m. ET in an apparent Bitcoin ...

[index] [31056] [19775] [23779] [33565] [3727] [18284] [10536] [13865] [3035] [28381]

How to embed a Twitter feed on your SchoolWires website

Follow the easy steps shown in this video to embed a Twitter® timeline on your website. Content in this video is provided on an "as is" basis with no express or implied warranties whatsoever. This is a how-to video for teachers and administrators to show how you can embed your Twitter feed on your SchoolWires website. ... Download the code - Duration: 9:25. ResourceLeader 20,630 views. In this video: We have guided how to insert twitter feed in your website page. Below is the website page url to learn in details: http://extracatchy.net/inse... WATCH LIVE DAILY: https://ivanontech.com/live 🚀 SIGN UP FOR ACADEMY: https://academy.ivanontech.com ️ BEST DEALS: https://ivanontech.com/deals SIGN UP F... With HTML5 you can embed interactivity such as YouTube videos, Google Maps, and more. This tutorial shows how to embed a Twitter feed via an iframe. Watch mo...

https://ethmining.inpovi.tk