|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
Bitcoin Private (BTCP) [...] was intended to [have] an initial supply of ~20.4m BTCP, with a decaying miner reward, capping the total supply at 21m units as with Bitcoin.What this essentially means is that the developers of this coin lied to everyone - CoinMarketCap, their whitepaper readers, etc - and using the fact that their coin has private addresses, kept a cache of 2 million coins secret, 300,000 of which appear to have been sold.
However, 2.04m additional units were covertly minted during the import of the Bitcoin UTXOs and sent to the BTCP shielded pool, bringing the initial supply to 22.6 million, contradicting the whitepaper and all of the materials published by the team. Three hundred thousand units of the covert premine were moved out of the shielded pool towards what appear to be exchanges. Ultimately the lack of uptake of BTCP by the recipients of the airdrop meant that those additional 300k transparent units today represent close to 10% of the BTCP supply in circulation, with 1.80M covertly minted units remaining in the shielded pool.
|Rate (per day)||2.75||237.19|
Generated with BBoe's Subreddit Stats
|Bank Transfer||Credit / Debit card||Cash|
|Gyft||Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.|
|Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin||For when you need to get your game on|
|Microsoft||Xbox games, phone apps and software|
|Spendabit, Overstock, The Bitcoin Directory and BazaarBay||Retail shopping with millions of results|
|ShakePay||Generate one time use Visa cards in seconds|
|NewEgg and Dell||For all your electronics needs|
|Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2||Bill payment|
|Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins||Takeout delivered to your door!|
|Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats||For when you need to get away|
|Cryptostorm, Mullvad, and PIA||VPN services|
|Namecheap, Porkbun||For new domain name registration|
|Stampnik||Discounted USPS Priority, Express, First-Class mail postage|
|Reddit Gold||Premium membership which can be gifted to others|
|WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project||Freelancing|
|OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market||Marketplaces|
|Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW||Video Streaming|
|Supload.com, SatoshiBox, JoyStream, File Army||File/Image Sharing|
|CoinAd, A-ads, Coinzilla.io||Advertising|
|Lightning Network, Amiko Pay, and Strawpay||Payment channels for network scaling|
|Blockstream, Rootstock and Drivechain||Sidechains|
|21, Inc.||Open source library for the machine payable web|
|ShapeShift.io||Trade between bitcoins and altcoins easily|
|Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain||Financial asset platforms|
|Hivemind and Augur||Prediction markets|
|Mediachain||Decentralized media library|
|Tierion and Factom||Records & Titles on the blockchain|
|BitMarkets, DropZone, Beaver and Open Bazaar||Decentralized markets|
|Samourai and Dark Wallet - abandoned||Privacy-enhancing wallets|
|JoinMarket||CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)|
|Coinffeine and Bisq||Decentralized bitcoin exchanges|
|Keybase and Bitrated||Identity & Reputation management|
|JoyStream||BitTorrent client with paid seeding|
|MORPHiS||Decentralized, encrypted internet|
|Storj and Sia||Decentralized file storage|
|Streamium||Pay in real time for on-demand services|
|Abra||Global P2P money transmitter network|
|bitSIM||PIN secure hardware token between SIM & Phone|
|Identifi||Decentralized address book w/ ratings system|
|BitGo||Multisig bitcoin API|
|Insight||Open source blockchain API|
|Leet||Kill your friends and take their money ;)|
|millibitcoin||mBTC||1,000 per bitcoin||SI unit for milli i.e. millilitre (mL) or millimetre (mm)|
|microbitcoin||μBTC||1,000,000 per bitcoin||SI unit for micro i.e microlitre (μL) or micrometre (μm)|
|bit||bit||1,000,000 per bitcoin||Colloquial "slang" term for microbitcoin|
|satoshi||sat||100,000,000 per bitcoin||Smallest unit in bitcoin, named after the inventor|
|Rate (per day)||1.26||18.01|
Generated with BBoe's Subreddit Stats
Hiya Parachuters! We are almost there. Just one more update to go after this to get completely upto speed with the latest week. So, here’s your week at Parachute + partners (8 Nov - 14 Nov'19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
Cap published the first Parachute Digestive ever - a biweekly summary of Parachute and ParJar-focused updates. That’s right – 21k users, 512k tips, 20k deposits, 33k withdrawals. Massive! OG Parachuters might have received an email as well. In trivias this week, we had a movie quiz in TTR for 2500 $PAR per Q and another one with a 25k $PAR prize pool. Charlotte’s Math trivia was another fun one with 2500 $PAR in prizes per question. Harry hosted a Netflix and TV show trivia. All your hours spent binging finally came to fruition. Tiproom games has moved to a new channel. This week’s creative contest by Jason involved creating a Christmas-themed promo poster to capture the spirit of Parachute that draws new people in to join. 50k $PAR in store for the winners of #Parichristmas. Yay! LordHades shared the first update of Fantasy Premier League (#FPL) this week. LH is at the top with 696 points followed by NovelCloud with 681 points and Chris (@Loki25) with 672 points.
#Parichristmas entries from A: Alejandro, B: Carlos Alfredo, C: Nat, D: Ali, E: Eva, F: Richi, G: FlareofFlame, H: Emma, I: Marcos, J: Carlos
Jason hosted a writing contest as well: “…write a scary short story, I mean really short. The max amount of words is 20. You need to have a parachute element in it somehow.” 10k $PAR in prizes each for top 3 winners of #donkeysattentionspan. Proud pet owners showed off their awesome pets and shared some of their stories in this week’s #wholesomewed. TTR Dance Contest started this week with prize pool of 15k $PAR for the top 5 winners and another 15k $PAR for participants. Videos would have to be to the rhythm of the TTR theme created by Jose. Super fun! In this week’s update of the Parachute Fantasy Football League (#PFFL), Clinton (8-2), Hang (8-2) and Chris (7-3) are still in top 3 with Chris sliding down to 3rd position. It is a four-way tie for 4th place with Alexis, Nilz, Ken and Andy, all at 6-4. Two-for-Tuesday this week was about bands or song titles named after a place - could be a city, state or country. Gian also unveiled the official logo for Two-for-Tuesday. A masterpiece by Jose:
This is too good, Jose!
aXpire’s article from last week on ResolvBilDigitalShares was published on Hackernoon this week and also got a shoutout from them. Nice! CEO Gary Markham travelled to an AltsMIA event to spread the word on aXpire. He also visited the Blockchain Center in Miami to explore partnership opportunities there. The team will be putting MatchBX on the backburner for the time being and shift all its focus to Resolvr, Bilr, Digital Shares, and PayBX. Click here to read more about the strategy. The latest weekly update video can be seen here. The weekly 20k $AXPR burn went ahead as per schedule. Remember the AMA form shared a few weeks back to collect all community questions? Matt posted detailed responses to them. How will the LegalTech space look in the future and what role could Bilr play in it? Read this article to find out. 2gether Ambassadors are the most active folks from the community who help make the 2gether brand more widespread. Looking good in that list Crypto French! CEO Ramón Ferraz spoke at a Cecabank event on Securities which was covered by the news outlet Expansión. As a special offer, Mike made posting on WednesdayClub dApp free on Wednesday for this week. Hope you didn’t miss the opportunity to post for free and earn some cool $WED in return. Winner of the Birdchain Copywrite Challenge was announced this week. If you are an ETHOS fan, don’t forget to follow Voyager on Twitter for the latest scoop. While the Tron chain support was scheduled to go live on the Switch-backed McAfeeDex this week, technical issues have resulted in delays. As $BOMB token reached 4.38% burn in total supply, Benjamin delved deep into the current market cycle. Take notes, trading enthusiasts!
Benjamin’s analysis videos are always the Bomb. Pardon the pun. Haha
The 3rd edition of Foundations of Fantom analysis report was published by Benjamin. This covers all recent happenings in Fantomverse and $FTM price action. Fantom officially announced its plans to enter the DeFi space. Exciting! The project had sponsored a CryptoBazar Serial Hacking meetup at the Seoul Blockchain Week last month. Here’s Technical Advisor Andre Cronje’s views on the participants at the event. Sikoba Network released the first version of the Isekai framework which was built with support from Fantom. This is a verifiable computation framework which allows you to verify a transaction on a third party computer without the computer having to do the transaction. So even if the third party is not to be trusted, the framework ensures that the verification is valid. Hope this makes sense. If not, read this. Fantom is hosting a blockchain challenge at AfricArena 2019 in partnership with XAR Network. The grand prize includes cash prizes and incubation. The 3 finalists were revealed this week. The latest technical paper from Fantom explores quick peer discovery in Proof-of-Stake protocols for faster consensus. The team will be applying results of the research to Lachesis. The crew will be sitting down for an AMA session with the Trust Wallet community next week. CMO Michael Chen also attended a "deals over dinner" event organised by RVO Internationaal and TNW X (a unit of TheNextWeb) this week in Singapore. In Constellation news, a flash $DAG node bounty for a Ledger Nano integration was scooped up quickly. VP Finance Mateo Gold travelled to the Blockchain Convergence in Europe representing Constellation. Drew Taylor and Brent Bates from Wild West Crypto Show interviewed founders Wyatt Meldman-Floch and Ben Jorgensen at the World Crypto Con 2019 in Las Vegas. As promised, here’s some more pics from Uptrennd’s visit to the Blockchain Summit in Malta: Pic 1, Pic 2 and here’s one with the BOMB/XIO crew. A number of fruitful connections were made at the Summit. Jeff wrote about it in a detailed post. An #UptrenndOC Contest was launched to encourage Original Content writers on the platform. The winners of the Uptrennd Flyer contest were announced too.
Some of the winning entries of #UptrenndFlyer contest
The latest District Weekly and Dev Update from District0x covers news such as introduction of a Discord tipbot, work on Meme Factory NSFW filter etc. WeTrust featured Ethlance in the latest CryptoUnlocked newsletter in their DApp Spotlight section. Check out the pics from Hydro’s visit to the AIBC Summit in Malta. Hydrogen hosts demo days to do product showcases of all their offerings. Click here to see the latest one which will be the last for this year. The beta version of the Hydro Digital Art dApp is about to be released on their dApp Store. In preparation of the event, Hydro Labs posted a thread to explain the objectives of the dApp. For a summary of all the updates in Silent Notary’s Ubikiri wallet, click here. We had covered some of these last week. The Bitcoin News covered the platform in a recent article. Last week, the Sentivate community voted to have more ELI5 content on core web technologies. This week, they voted on Blockfolio to have this content in Video format. For a start, here’s a primer on the core technologies of the web written by the team. Founder Thomas Marchi's interview Mr. Backwards was released. If you missed OST CEO Jason Goldberg's keynote speech "Designing Crypto User Experiences for Humans" at San Francisco Blockchain Week, fret not. Here's the video and write-up of his entire presentation. Pepo has been gaining quite the traction for some weeks now. This was an opportune moment, to publish a detailed piece and tweet thread on it. The app was also reviewed by Crypto Insights Journal. The OST/Pepo crew set up shop at BlockShow in Singapore where Pepo will be launched officially in Asia and Jason will deliver another keynote speech in the same lines as SFBW. Catch up on all SelfKey news that you may have missed in October from the latest roundup. We have covered most of these in our previous updates.
<- Sneak peek into an average day at Parachute / Pitch decks & new landing page being prepared ->
Dirtybags.org is an aggregator site where you can earn $BAGS tokens by sharing linked articles and news items from the cryptospace. Try it out! Arena Match has started a weekly raffle for $AMGO holders where the top 212 holders get automatically entered into a draw to win NFT prizes. Sweet! Check out the prizes of next week’s raffle here. Pynk’s engagement game is always on point. As evident from their merch giveaway activity at the Blockchain Summit in Malta. To get started with the equity fund raise on Seedrs, the team shot a promo video. Do you track Gold prices and want to track $BTC now or vice versa? Their tracking metrics may not be as similar as you thought. Pynk explains why in this article. Shuffle Monster founder Agustín Aguilar launched Defswap which is a Uniswap extension for deflationary tokens hosted in a decentralised manner. Wibson participated in a CryptoMondays event in Buenos Aires hosted by VC firm NXTP and ONG Bitcoin Argentina for networking and discussions on crypto. $WIB community voted for Shopping Gift Cards in a poll to decide the nature of rewards on the Wibson Reward Marketplace. Harmony's #HSMtalks this week focused on Harmony DAO Maker. The $ONE crew travelled to India to talk shop and get a feel of the Indian crypto ecosystem. From Bangalore to Delhi, they covered 2 major startup hubs. As part of #CryptourUkraine, Harmony was invited to a meetup at Dnipro by Okex. Next week they will be at Odessa. Harmony is heavily invested in the future of DeFi and continues to do research and development in this segment. In light of that, they released two articles - one on how Harmony will set its foundation in the DeFi ecosystem and the other on how it will advance the space and its Cross-Fi plans (Cross-Fi = DeFi + Cross-Border txns). Harmony’s staking ROI is already No. 1 as per EarnCryptoInterest.com. What is staking? Watch this. A new Team Challenge launched this week - win $ONE tokens for building local communities. Neat! The latest episode of Harmony Insights introduces us to the engineers building on the platform.
And with that, it’s a wrap. See you again with another update. Cheerio!
|submitted by chinawat to btc [link] [comments]|
Basically miners can be incentivized to mine without validating all of the data. Currently this problem already happens without SegWit, but there exists a Nash Equilibrium (from game theory), where the incentives make sure that this problem does not get out of hand - because currently if the percentage of "validationless miners" gets too high, then (in the system as it is now), validationless mining becomes unprofitable, and easy to attack.
But SegWit would significantly change these incentives. SEPARATING THE SEGWIT DATA FROM THE BLOCKCHAIN ENLARGES THE PROBLEM, RESULTING IN a change to the Nash Equilibrium and AN UNSTABLE AND LESS SECURE SYSTEM where miners are encouraged to do validationless mining at higher rates.
For example, if 20% of smaller struggling miners are incentivized to perform validationless mining, an attacking miner with as little as 31% hash could suddenly also "go validationless" (because 20% + 31% = 51%), forking the network back to pre-SegWit-as-a-soft-fork and stealing "Anyone-Can-Spend" transactions, causing mass confusion and havoc.
In fact, as Peter Rizun pointed out below: WITH SEGWIT THERE WOULD NOT EVEN BE ANY PROOF THAT THE THEFT HAD ACTUALLY OCCURRED. Meanwhile, with Satoshi's original Bitcoin (now renamed Bitcoin Cash to distinguish it from Core's "enhanced" version of Bitcoin incorporating SegWit), proof of the theft would at least exist in the blockchain. This highlights Peter Rizun's main assertion that SEGWIT BITCOIN HAS A MUCH WEAKER "SECURITY MODEL" THAN SATOSHI'S ORIGINAL BITCOIN - a scathing condemnation of SegWit which Blockstream CTO Greg Maxwell is apparently unable to rebut.
Greg Maxwell made some inaccurate statements trying to claim that this kind of attack would never happen - arguing that because Compact Blocks are smaller than SegWit blocks (30kb vs 750kb), this would disincentivize such an attack. But Peter Todd pointed out that DISINCENTIVIZING NON-MALICIOUS MINERS from doing this is not the same thing as PREVENTING MALICIOUS MINERS from doing this - because the difference between 30kb vs 750kb would obviously not prevent a malicious miner from performing this attack.
Other people have also pointed out that by discarding the fundamental definition of a "bitcoin" from Satoshi's whitepaper ("We define an electronic coin as a chain of digital signatures"), SegWit would open the door to various new failure modes and attack vectors, by encouraging miners to "avoid downloading the signature data". This could lead to what Peter Todd calls the "nightmare scenario" where "mining could continue indefinitely on an invalid chain" - and people wouldn't even notice (because so many SegWit miners were no longer actually downloading and validating signatures).
This was resolved a long time ago ...u/petertodd:
1) Your first link doesn't resolve the problem at all - compact blocks do not work in adversarial scenarios, particularly for issues like this one.
2) Your second link - my "follow up post" - is just a minor add-on to the original post, noting that validationless mining can continue to be allowed. Calling it me "saying I thought things would be okay" is a mis-characterization of that email.
ydtm's scenarios are realistic...
You have the right answer: we know how to block it, and if abuse happens there would be trivial political will to deploy the countermeasure (and perhaps before, but considering the fact that the same miners that have been most aggressive in holding segwit up are the same ones that still visibly engage in spy mining, it may have to wait).
SegWit transactions will be less secure than non-SegWit transactions
If the flippening occurs for the 20% smallest (e.g. most bandwidth restricted) miners, a 31% miner could start stealing SegWit transactions!
We cannot mess with the delicate incentive structures that hold Bitcoin together.
Just read these two sentences and you'll understand why a SegWit Coin is not a Bitcoin: Satoshi: "We define an electronic coin as a chain of digital signatures." // Core: "Segregating the signature data allows nodes to avoid downloading it in the first place, saving resources."https://np.reddit.com/btc/comments/6qb61g/just_read_these_two_sentences_and_youll/
Peter Todd warning on "SegWit Validationless Mining": "The nightmare scenario: Highly optimised mining with SegWit will create blocks that do no validation at all. Mining could continue indefinitely on an invalid chain, producing blocks that appear totally normal and contain apparently valid txns."https://np.reddit.com/btc/comments/6qdp90/peter_todd_warning_on_segwit_validationless/
BITCRUST 2017-07-03: "The dangerously shifted incentives of SegWit: Peter Rizun pointed out a flaw in SegWit (discussed by Peter Todd) that makes it unacceptably dangerous. A txn spending a SegWit output will be less safe than a txn spending a non-SegWit output, and therefore will be less valuable."https://np.reddit.com/btc/comments/6q149z/bitcrust_20170703_the_dangerously_shifted/
SegWit would make it HARDER FOR YOU TO PROVE YOU OWN YOUR BITCOINS. SegWit deletes the "chain of (cryptographic) signatures" - like MERS (Mortgage Electronic Registration Systems) deleted the "chain of (legal) title" for Mortgage-Backed Securities (MBS) in the foreclosure fraud / robo-signing fiascohttps://np.reddit.com/btc/comments/6oxesh/segwit_would_make_it_harder_for_you_to_prove_you/
ELI5 Bitcoin: Bitcoin is pretty technical, and understanding it isn’t easy. Understanding how the Internet works isn’t easy either. None of us think about how the protocol level of the Internet works, but we can all surf from page to page seamlessly. Bitcoin is no different. The protocol level that we all think of Bitcoin is the base layer for the decentralized financial industry, and is ... from Bitcoin – The Currency of the Internet ← The Case for $500,000 Bitcoin – Yahoo Finance → Sending LN gives UnknownNextPeer Leave a Reply Cancel reply ELI5: Accepting Bitcoin. Posted on April 8, 2017 by 247 BTC. 24 7 BTC. Bitcoin News Search. 1 News -24 7 News -24 7 Bitcoin -1 Search. Search for: I'm more of an UX guy, so here it goes. I'm using a "m/0/1" derivation path on my master pubkey to generate addresses based on the order number (eg. if the order number is #4224, the public address will correspond to "m/0/4224"). This all happens on ... /r/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. ELI5 Bitcoin Mining: Mining Bitcoin is one of the fastest growing industries and the processing power that comes from mining hardware devices verifies every transaction and secures the Bitcoin Network. There is literally billions of dollars being invested in the Bitcoin mining industry, and its for good reason: It’s a way of turning energy into value, and getting involved at the base layer ...
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