Bloq Outlines Blockchain Solutions for Trade Finance and ...

Scammers gonna scam. Bitmain is a company of scammers. Just like BitPay, or Bloq. Or Bitcoin(dot)com, Blockchain(dot)com, Coinbase(dot)com (wow, I just see a pattern here: if the name of the company is an attempt at cybersquatting a technical term, the company is likely a scam).

Scammers gonna scam. Bitmain is a company of scammers. Just like BitPay, or Bloq. Or Bitcoin(dot)com, Blockchain(dot)com, Coinbase(dot)com (wow, I just see a pattern here: if the name of the company is an attempt at cybersquatting a technical term, the company is likely a scam). submitted by Bitcoin_21 to Bitcoin [link] [comments]

Scammers gonna scam. Bitmain is a company of scammers. Just like BitPay, or Bloq. Or Bitcoin(dot)com, Blockchain(dot)com, Coinbase(dot)com (wow, I just see a pattern here: if the name of the company is an attempt at cybersquatting a technical term, the company is likely a scam).

Scammers gonna scam. Bitmain is a company of scammers. Just like BitPay, or Bloq. Or Bitcoin(dot)com, Blockchain(dot)com, Coinbase(dot)com (wow, I just see a pattern here: if the name of the company is an attempt at cybersquatting a technical term, the company is likely a scam). submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Join our Speaker Panel for Bitcoin and Blockchain: including the CEO of Airbitz and members of Bloq and ConsenSys.

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

U.S. blockchain start-up Bloq to launch bitcoin-like token

U.S. blockchain start-up Bloq to launch bitcoin-like token submitted by BTCNews to BTCNews [link] [comments]

Bitcoin Alums [blockchain firm Bloq] Announce New Digital Currency Metronome

Bitcoin Alums [blockchain firm Bloq] Announce New Digital Currency Metronome submitted by mWo12 to btc [link] [comments]

[Tech] - U.S. blockchain start-up Bloq to launch bitcoin-like token

[Tech] - U.S. blockchain start-up Bloq to launch bitcoin-like token submitted by AutoNewsAdmin to REUTERSauto [link] [comments]

[Tech] - U.S. blockchain start-up Bloq to launch bitcoin-like token | REUTERS

[Tech] - U.S. blockchain start-up Bloq to launch bitcoin-like token | REUTERS submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Bloq: Private Blockchains are the Training Wheels for Enterprise Adoption of Bitcoin and Ethereum

Bloq: Private Blockchains are the Training Wheels for Enterprise Adoption of Bitcoin and Ethereum submitted by kyletorpey to Bitcoin [link] [comments]

Bitcoin Price Drops Below $1100 - Altcoins Take a Step Back - Bloq Launches Blockchain Lab, Joins Enterprise Ethereum

submitted by cryptocompare to cryptocompare [link] [comments]

Join our Speaker Panel for Bitcoin and Blockchain: including the CEO of Airbitz and members of Bloq and ConsenSys.

Join our Speaker Panel for Bitcoin and Blockchain: including the CEO of Airbitz and members of Bloq and ConsenSys. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Jeff Garzik’s Bloq Launches BloqLabs to Expand Support for Blockchain, Bitcoin Projects

Jeff Garzik’s Bloq Launches BloqLabs to Expand Support for Blockchain, Bitcoin Projects submitted by strateganer to CryptoCurrency [link] [comments]

Bloq: Private Blockchains are the Training Wheels for Enterprise Adoption of Bitcoin and Ethereum

Bloq: Private Blockchains are the Training Wheels for Enterprise Adoption of Bitcoin and Ethereum submitted by BitcoinAllBot to BitcoinAll [link] [comments]

We are Jeff Garzik and Jeff Dionne, and we are tech experts in the blockchain and semiconductor industries and we are working on an open hardware platform for direct satellite-to-devices communication. Ask Us Anything!

Hi Everyone, we are Jeff Garzik and Jeff Dionne.
Jeff Garzik is the CTO of SpaceChain Foundation and CEO of Bloq. He is known for being the key Bitcoin core developer who worked under Satoshi Nakamoto for two years. His work can be found in every bitcoin and miner.
Jeff Dionne is the CEO of Core Semiconductor. He is known for uClinux, from which most embedded Linux systems are derived, and developing many other game-changing embedded systems hardware and software technologies.
Jeff Dionne and I have always been passionate about pushing the boundaries of space and blockchain applications; a few of the past projects we have worked on are Linux kernel and Bitcoin Core. We’ll love to share with you our experiences being in our respective industries, such as the formation of the open source industry, open hardware, fabless semiconductor development, nano-satellites, cryptocurrency, and more.
We'd also love to discuss our development for our latest project – an open-source hardware platform that is capable of providing a downlink to mobile phones and small devices directly from satellites in orbit – all without the use of a satellite dish on Earth or a third-party network.
Ask us questions about anything: blockchain, semiconductors and open-source hardware!
ETA AmA proof image: https://drive.google.com/file/d/13NGtR7pkzhjuZ2G-WuqPvXj00dUVsuHC/view?usp=sharing
submitted by jgarzik to IAmA [link] [comments]

Precio de Ethereum Classic demuestra resistencia a pesar de ataques

La red Ethereum Classic sufrió no uno, sino tres ataques del 51%: el primero tuvo lugar el 1 de agosto, el segundo el 6 de agosto y el tercero el 29 de agosto, a pesar de ello los inversionistas se han mantenido firmes, mientras se anuncian medidas para fortalecer la red de esta criptomoneda. Te detallamos lo que viene sucediendo con esta cripto en la siguiente nota.

https://preview.redd.it/t08my6c3u7m51.png?width=987&format=png&auto=webp&s=fcbe37b0b030f16e80458fc141db4db670f33ba8
Septiembre 9.- A pesar de tres “ataques del 51%”, el precio de Ethereum Classic ha demostrado una fuerte resistencia. Aunque ha bajado un poco su persistencia puede indicar que la seguridad no es una prioridad máxima para los inversores que buscan unirse a una carrera alcista en el mercado de cifrado.
Sin embargo, algunos advierten que, a menos que mejore su cadena de bloques y se haga más segura, los ataques adicionales a Ethereum Classic podrían desencadenar una liquidación del mercado y provocar un colapso de su activo digital.
Para la seguridad de una red blockchain, un "ataque del 51%" es tan malo se escucha. Es cuando una sola entidad obtiene el control de la mayor parte de la potencia informática de la red, lo que le permite desviar unidades adicionales de la moneda en lo que se conoce como doble gasto.
Por lo tanto, sería lógico pensar que tres ataques exitosos del 51% en un mes contra la cadena de bloques Ethereum Classic podrían afectar la confianza de los inversores.
Pero los precios del token ETC nativo del proyecto en realidad no se han visto afectados: una señal que los comerciantes podrían estar menos preocupados por las vulnerabilidades de seguridad que por una ganancia rápida en los mercados de criptomonedas en rápido movimiento.
En el momento de la publicación, ethereum classic se cotiza a 5.06 USD, una caída de aproximadamente un 27% en los últimos 30 días, al mismo tiempo que bitcoin ha bajado un 15%.

Tres ataques del 51% en un mes

Para la cadena de bloques Ethereum Classic, los ataques del 51% han sido una amenaza durante mucho tiempo. A diferencia de Ethereum, del cual se bifurcó con fuerza, la red Ethereum Classic está comprometida con el algoritmo de consenso de Prueba de trabajo (PoW), que también es utilizado por Bitcoin.
Para redes grandes como Bitcoin, un ataque del 51% es altamente costoso dada la enorme cantidad de poder computacional que requiere PoW para hacerlo con éxito. El hashrate de Ethereum Classic es mucho más pequeño, lo que lo hace mucho más vulnerable a este tipo de situaciones.
Al cierre de esta edición, el hashrate de Ethereum Classic era de 1,668 terahash por segundo, mientras que el de Bitcoin estaba en 117,95 exashes por segundo, según BitInfoCharts.

¿Qué es Ethereum Classic?

Ethereum Classic es el producto de un Hard Fork después de que la red Ethereum se dividió de diferentes maneras tras un pirateo en 2016. La cadena de bloques basada en PoW ha estado persiguiendo a Ethereum, que ahora representa la criptomoneda número 2 por capitalización de mercado.
Ethereum planea cambiar su algoritmo en algún momento del próximo año. En un tweet el 2 de septiembre, el fundador de Ethereum, Vitalik Buterin, argumentó que el algoritmo de prueba de participación (PoS) planificado de Ethereum le da una ventaja "fundamental clave" sobre PoW.
"En PoW, por otro lado, un atacante exitoso puede simplemente atacar una y otra vez, sin forma posible de eliminar su hardware sin eliminar el hardware de todos los demás".
Durante el mes de agosto, la red Ethereum Classic sufrió no uno, sino tres ataques del 51%: el primero tuvo lugar el 1 de agosto, el segundo el 6 de agosto y el tercero el 29 de agosto.
NiceHash, un corredor de hashpower, reconoció que su plataforma puede haber facilitado los recientes ataques del 51%, en una publicación de blog el 1 de septiembre, pero también concluyó que tales ataques no se pueden prevenir o mitigar en una “solución de prueba de trabajo verdaderamente descentralizada”
"Lo único que se puede hacer es hacer que el precio de un ataque sea más alto que la recompensa del atacante", agregó la publicación.
La red Ethereum Classic también sufrió un ataque del 51% a principios de 2019, lo que llevó al intercambio de cifrado Coinbase a detener todas las transacciones, retiros y depósitos de ETC en ese momento.
James Wo, fundador de ETC Labs, la organización líder que respalda la red Ethereum Classic, dijo a través de un portavoz que su equipo ha estado tratando de mejorar la seguridad de la red el año pasado, incluida la expansión del equipo de desarrollo central de la red y la asociación con empresas. como Chainlink, Swarm y Bloq.
La compañía anunció dos nuevas contrataciones el 3 de septiembre para el equipo de desarrollo central de ETC.
"Estos desarrollos y asociaciones están trabajando para impulsar rápidamente el avance de ETC y garantizar un futuro brillante para la red", dijo Wo, quien agregó que el precio de ETC se ha mantenido "fuerte" incluso con los recientes ataques del 51%.
De hecho, los ataques no han tenido un impacto significativo en sus precios, lo que generó una pregunta: ¿por qué alguien pondría dinero en un token cuando su seguridad no está garantizada?
Un gran porcentaje de los titulares de ETC recibieron sus tokens involuntariamente después de la división de la cadena de Ethereum y, como resultado, el precio de ETC se ha mantenido estable durante los últimos años simplemente porque muchos titulares de ETC han ignorado tomar medidas.
Ethereum Classic aborda el análisis de equilibrio. Solo 610 direcciones (0.03% del total) controlan el 86% de todo el Ethereum Classic. Tasa de referencia: 1 ETC = $ 5.10
“Muchas personas simplemente están sentadas y tal vez no necesariamente estén pensando en operar en ETC o no necesariamente monitoreando activamente su transición”, dijo Meltem Demirors, director de estrategia de CoinShares. "Porque muchas personas que tienen activos de un tenedor realmente no tienen ningún incentivo para venderlos a menos que el valor aumente drásticamente".
Citando el hecho de que una gran cantidad de carteras Ethereum Classic han estado inactivas, Demirors dijo que algunos titulares de ETC pueden no ver el valor de vender o incluso reclamar su ETC.

Emet y Faswet responden son seguridad garantizada

Este análisis se hace necesario debido a la incertidumbre que se genera alrededor del mundo criptográfico y que suele simplificarse sosteniendo que las criptomonedas son activos que no tienen futuro.
Como vemos, todo hace parte de un conjunto de acciones de un mercado que madura cada segundo. Donde las exigencias de los usuarios deben ser cubiertas por una respuesta sólida del mercado.
De esta forma, tanto Emet como Faswet garantizan por medio de su plataforma a sus usuarios el cuidado de sus activos digitales y criptomonedas.
Ingresa a Faswet y conoce la mejor forma de aprovechar tus criptos:
https://faswet.com/es
submitted by EmetEnjoy to espanol [link] [comments]

Algorand announces $50M grant program to boost its blockchain

The Algorand Foundation has announced a new grants program worth $50 million.
A decentralized finance-focused blockchain platform, Algorand has earmarked a total of 250 million ALGO tokens for the multi-year initiative, designed “to provide funding to projects building apps to support infrastructure, end-user application, and research innovation on its blockchain.”
In addition, on April 14 the Algorand Foundation also announced a new developers portal, featuring tutorials, articles, and use-case solutions featuring code samples and explanations.
Three beneficiaries of the fund have already been announced, who will share six million ALGO (about $1.2 million) between them.
Multi-blockchain infrastructure provider Bloq delivers Algorand nodes and APIs, while PureStake is an open-source browser plug-in allowing developers to add the capacity for Algorand transactions into their applications. Lastly, the development platform Reach is “designed to remove the complexity of building DApps on the Algorand blockchain and to enable the future creation of DAOs, decentralized exchanges and many other DeFi applications on Algorand.”

The criteria

Projects that are selected to receive a grant are chosen based on the positive impact they could have on the Algorand community and on the ecosystem. Other factors include the quality of the application, the technical or academic strength of the proposal, and the concept’s opportunity for growth going forward.
Bloq, PureStake, and Reach are going to undergo an evaluation after receiving the funding. The Algorand Foundation says it plans to introduce an open grant program in the not-too-distant future—enabling the broader community to vote on which projects should receive grants.
“The grant program from the Algorand Foundation is one of the most focused programs out there, and we believe it will be instrumental in accelerating the adoption of Algorand’s platform,” Reach founder Chris Swenor said.
PureStake CEO Derek Yoo added that “easy and pragmatic developer tools are critical to further expanding the accessibility of the Algorand network.”

Cool tool

The Algorand blockchain is the brainchild of Silvio Micali, a Turing-award winning cryptographer and MIT professor who is also one of the minds behind zero-knowledge proofs, a cryptography method gaining a following in privacy-focused cryptocurrency circles. He is No. 81 on the Modern Consensus 100 most influential people in crypto 2020 list.
As reported by Modern Consensus, Algorand recently won plaudits for its energy-efficient blockchain protocol.
In January, French start-up PlanetWatch chose the firm as a partner to put global air quality test results on the blockchain.
Algorand was chosen because of how its platform requires “minimal processing power” to achieve consensus—a serious issue considering that some studies indicate that Bitcoin mining uses as much energy as Switzerland.
submitted by Superb_Recognition to algorand [link] [comments]

Jeff Garzik explica la criptomoneda Metronome

Lanzado en 2018, Metronome es una criptomoneda autónoma desarrollada originalmente por Bloq y su grupo BloqLabs, ambos dirigidos por el ex desarrollador principal de Bitcoin y el arquitecto jefe de Metronome Jeff Garzik. Metronome ofrece su uso como una reserva de valor, unidad de cuenta y pagos. Según Metronome, la moneda nativa, MET, se ha distribuido de manera justa – el equipo no tuvo acceso a los tokens antes que el público en general.
Metronome cuenta con contratos inteligentes y APIs para que sea autónomo, confiable y portátil. Aunque Garzik está interesado en el diseño de bitcoin, Metronome se basa más en Ethereum.
Los usuarios que cuentan con wallets desktop de Metronome para Windows, MacOS y Linux pueden enviar y recibir MET y ether (ETH) y / o Ethereum Classic (ETC); participar en subastas diarias (más sobre eso a continuación); e intercambiar MET por el token nativo de la cadena en la que se encuentra el MET, y viceversa, con el Convertidor de divisas autónomo de Metronome en lugar de un exchange. Metronome está investigando activamente Qtum y RSK.
“Estas billeteras móviles han sido diseñadas y auditadas para reflejar los mismos estándares de excelencia que el sistema Metronome”, dijo Jeff Garzik, arquitecto jefe de Metronome, en un comunicado de prensa. “Nuestra comunidad ha estado pidiendo una forma de llevar la experiencia completa de Metronome a dispositivos móviles, y estamos orgullosos de haberlo entregado”. La billetera ha sido auditada por profesionales de la industria tanto dentro como fuera de la industria blockchain, como Zeppelin Solutions y Gustav Simonsson.
El trabajo de Garzik en Metronome ha tomado las lecciones aprendidas desde el lanzamiento inicial de Bitcoin y las ha incorporado al diseño de la criptomoneda.
“Intentas hervir todo eso en una experiencia de usuario comprensible”, dijo. “Si tomamos todas las lecciones aprendidas de todas las blockchains y todas las monedas desde 2009, desde el lanzamiento de Bitcoin hasta hoy, ¿cuáles son algunos de los riesgos a los que nos ajustaríamos? ¿Cuáles son algunos de los atributos que construiríamos en esa moneda? ¿Cuáles son algunas de las características faltantes que desearía que no estén en un Bitcoin o Ethereum o en la moneda tres, cuatro, cinco, seis “, dijo, mientras hablaba acerca de Metronome en el Consenso de CoinDesk 2019.” ¿Qué es lo fundamental en una criptomoneda? ¿Qué lo convierte en una moneda diseñada para durar? Obviamente está el componente de deposito de valor. Pero, ¿cómo se asegura de que mantiene su integridad en muchos eventos como los forks de cadena o ataques de doble gasto, 51% de los ataques, etc.?”

Salto de cadena

Una parte crítica de la arquitectura de Metronome es su función de salto de cadena. “Esa es la característica que realmente demuestra la historia de Metronome”, dice Garzik. “Es el único token que puede sobrevivir a la defunción de un blockchain y el salto de cadena es la característica que le permite alejarse de riesgo [en orden] a riesgo, para poder adaptarse a otro almacén de seguridad o a otro blockchain”.
Los usuarios pueden usar tokens MET en diferentes blockchains. Pueden mover sus tokens MET de un blockchain a otro. Pueden moverlo del blockchain de Ethereum a Ethereum Classic y, en el futuro, a QTUM. MET está diseñado para usar otros blockchains, como Ethereum, Ethereum Classic y Bitcoin, simplemente como rieles de seguridad.
“Estamos demostrando que un blockchain es este almacén de seguridad para estos tokens”, dijo Garzik.
Garzik advierte rápidamente que esto no es un intercambio, que es un evento imponible. “Cuando pasas de bitcoin a litecoin, de bitcoin a ethereum, has vendido bitcoin”, dice. “Y, en la mayoría de las jurisdicciones fiscales, usted tiene una base de costo imponible impuesto con esa transacción”.
Con la función de salto de cadena de Metronome, está moviendo el activo en sí de un blockchain a otro. “[Es] como levantar una barra de oro y mover la barra de oro de un almacén a otro”, explica Garzik. “Estás moviendo tus tokens de Metronome de un blockchain a otro”. Eso no es una venta o intercambio, dijo, antes de explicar la analogía de la barra de oro y el almacén de seguridad.
“Utilizamos blockchain únicamente para asegurar el sistema de Metronome [y] el token de Metronome”, dijo. “¿Por qué querrías moverlo de un blockchain a otro? Un ejemplo del mundo real es que diferentes blockchains tienen diferentes tarifas de transacción. Bitcoin y Ethereum tienen un nivel de tarifa de transacción más alto que Ethereum Classic. Si está haciendo muchas transacciones de Metronome, lo que podría ser inteligente es mover su MET de una cadena de Bitcoin o Ethereum de alta seguridad a una seguridad tal vez un poco más baja, pero Ethereum Classic más barato [para] hacer muchas transacciones, pagando tarifas muy bajas y luego volver a la cadena de seguridad más alta. Ese es un caso de uso del mundo real “. Garzik menciona quizás un caso de uso más acuciante. ¿Qué pasa si un blockchain determinado va a dejar de existir?
“¿Qué pasa si hay algunos problemas serios en el camino?”, Preguntó retóricamente a la audiencia. “Puedes ajustarte a ese riesgo a alejarte de esa cadena. Y 1,000 MET sigue siendo 1,000 MET. Al igual que cuando recoges una barra de oro y la mueves de un almacén a otro, todavía tienes una barra de oro y no hubo eventos imponibles. Del mismo modo, cuando mueve Met de una cadena de bloques a otra, sigue siendo MET. Todavía tiene el mismo valor que antes. Es solo un tiempo de liquidación más rápido, tarifas de transacción más bajas o evitar un desastre en blockchain, un drama en blockchain o algo así “.
A diferencia de los intercambios atómicos o los intercambios atómicos, que involucran dos monedas y crean responsabilidad gravable para cualquiera que las tenga, un salto en cadena no es un evento imponible, dice Garzik. Un intercambio atómico es un intercambio entre pares de criptomonedas de una parte a otra sin la necesidad de un servicio de terceros, como un exchange. Los intercambios atómicos, que también se conocen como comercio entre cadenas, pueden ejecutarse directamente entre blockchains separados con diferentes monedas nativas o pueden ejecutarse fuera del blockchain.
“Metronome puede saltar de un blockchain a otro por razones de gobernanza, pero lo que es muy, muy consecuente en el aspecto económico es lo que no sucede”, dijo Garzik. “No vas de un activo a otro. Por lo tanto, no hay evento imponible”.
Garzik argumenta que, por esta razón, Metronome es menos costoso de mantener, porque cada vez que los usuarios se mueven de un almacén a otro, saltan de una cadena a otra sin un evento imponible para registrar. “Simplemente está moviendo sus activos a una nueva ubicación”, dice Garzik.

Portabilidad

Garzik cree que la portabilidad es una gran parte de la historia de Metronome. “[Es] una gran parte de la historia de gobernanza propiamente de Metronome”, dijo. “Construimos esto para ser una moneda autónoma. Eso significa que nadie lo controla, ni siquiera los autores. Y una parte clave de ese autogobierno es que usted, el titular de Metronome, puede votar con su billetera [sobre qué blockchain de Metronome] debe ser para asegurar sus activos. Eso le da libertad de elección, le da la posibilidad de buscar la cadena más fuerte, la cadena menos costosa en términos de tarifas de transacción, [y] la mejor cadena en términos de liquidación”.
Los que poseen MET disfrutan de libertad de elección. “Es una reserva de valor y MET sigue siendo MET sin importar en qué cadena se encuentre”.
La billetera vendrá con una función de puerto integrada para cambiar entre blockchains. La mayoría de los usuarios de blockchain podrían no obtener mucho valor de esta función. “La mayoría de los usuarios se apegarán a una cadena la mayor parte del tiempo, en ausencia de emergencias y recuperación de desastres. Los traders definitivamente usarán bastante la función de portabilidad. Creo que si usted tiene algunos sistemas automatizados, usará la portabilidad para optimizar, por ejemplo, tarifas más bajas si está haciendo muchas transacciones MET, y luego pasar a [Bitcoin o Ethereum] para un tren de mayor seguridad.”

Continuar Lleyendo: https://cryptographicasset.com/jeff-garzik-explica-la-criptomoneda-metronome/
submitted by LosDodgersDodgers to CryptoMexico [link] [comments]

Is segwit2x the REAL Banker takeover?

DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistance in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
EDIT: Let's not forget that Blockstream is also beholden to the same investors, DCG.
Link to Part 2:
https://www.reddit.com/btc/comments/75s14n/is_segwit2x_the_real_banker_takeover_part_two/
submitted by poorbrokebastard to btc [link] [comments]

What a fucking farce!

A decentralized currency where six (6), yes SIX!!! SIX fucking people can call off an attack which was going to affect the whole currency? What happened to the decentralization? What happened to no authority? Does Bitcoin have a CEO!!! Sure does fucking feel like it now, doesn't it?
Dear developers, I implore you to propose software updates that makes this sort of attack in the future extremely difficult. Our nodes should be run in ways so that any future attackers can't benefit from it, and if there are any additional updates that could make this sort of attacks more difficult we should explore and implement them ASAP.
Dear users, I implore you to not to forget who were the trailblazers, and who gave-up at the end because there was no other option left. Make note of the antagonistic natures of the people that waited till the last second to give up on this war against bitcoin. They did their best to take over Bitcoin. They made sure they did everything to take over Bitcoin. They persevered. They gave up after they realized they are going to lose for sure.
Do not treat this act from them as a kind gesture, they made this decision for their own survival, not for Bitcoin. Boycott and stop using the services provided by these players. They may change the name of their services and company and open new ones with a fresh reputation, but don't get fooled by it. I will never use these services again:
Businesses to avoid: https://www.bitmain.com/ https://shapeshift.io/ https://www.bitgo.com/ https://xapo.com/ https://bloq.com/ https://blockchain.info/ https://www.blockchain.com/ https://bitpay.com/ http://dcg.co/ https://www.btcc.com/
Names to remember: Mike Belshe Wences Casares Jihan Wu Jeff Garzik Peter Smith Erik Voorhees Roger Ver Barry Silbert Bobby Lee
Don't forget, this was a shameful episode in Bitcoin that we got out from. I hope this has taught everyone a lesson to be more vigilant of such future takeovers. They will back smarter and stronger.
PS: Please let me know if more people and businesses should be added to this list, along with the reason why.
EDIT: Added Roger Ver, and blockchain.info duh! Added bitpay, Barry Silbert, Bobby lee...
submitted by _FreeThinker to Bitcoin [link] [comments]

Jeff Garzik's Bloq runs smart contracts like an 'Ethereum plug-in for Bitcoin'

Jeff Garzik's Bloq runs smart contracts like an 'Ethereum plug-in for Bitcoin' submitted by Onetallnerd to ethereum [link] [comments]

Top 10 Richest People in the World, in Bitcoin

Bitcoin has been given the nickname “digital gold”. This is because of its characteristic as a store of wealth. Many big investors are resorting to Bitcoin as a good place to put their money. The reason for this is not just because it can be sustained, but also because of the high tendency of appreciation in value. Here we shall be considering the top 10 richest people in the world, in Bitcoin.
We will take a look at their net worth, and how much that amounts to in Bitcoin. We will also consider their primary business and a little bit of their history. How they started out in the Bitcoin ecosystem and what they have achieved so far will also enable us to understand more about them.
So, here is a list of the top 10 richest people in the world, in Bitcoin.
10. Matthew Roszark
Matthew Roszark is the founder of Tally Capital, and co-founder of Bloq. Roszark is widely known as the man who gave Richard Branson and Bill Clinton their first Bitcoins. Roszark made it early into the Bitcoin space and participated in the very first ICO in 2013. Although that wasn’t what it was called at the time.
Roszark has investments in 20 startups in the cryptocurrency ecosystem, some of which have gone ahead to do great things. Some of the startups that he invested in include Coinbase, Kraken and BTCC.
Roszark’s net worth is $1 billion, which amounts to 102,712.94 BTC (at the time of writing).
  1. Anthony Di Iorio
Anthony Di lorio is the founder of Jaxx and Decentral, and co-founder at Ethereum. Having studied a bit of economics and trying to find out the true essence of money after the recession of early 2000, Di lorio discovered Bitcoin and decided to explore. He started a Toronto Bitcoin-meetup, where he met his eventual co-founder of Ethereum, Vitalik Buterin.
Di lorio contributed his personal funds towards the coding of Ethereum, and has since been involved in a number of other crypto assets. Some of them include Qtum, VeChain and ZCash.
Di lorio is a serial investor who commits to projects at an early stage, then after levelling up, he pulls his funds and moves on to something new. His net worth of $1 billion is the equivalent of 102,712.93 BTC.
  1. Michael Novogratz
This CEO of Galaxy Digital is also popular in the field of macro hedge fund management. Novogratz started investing in cryptocurrencies in 2013 and two years later he left his position at Fortress Investment Group to focus on crypto.
In the cryptocurrency industry, Novogratz is known as a seasoned trader who believes that the crypto market as it is today is a bubble. According to him, his aim is to make as much money as possible from the bubble before it bursts.
Novogratz is worth $1 billion which is the equivalent of 102,712.92 BTC
  1. Cameron and Tyler Winklevoss
The Winklevoss twins arrived in the face of the public through the controversial law suit against Facebook for intellectual property theft. They eventually won the case and were paid $11 million in compensation.
With many Silicon Valley startups not wanting to get into Facebook’s black book, the twins seemed to not have where to invest their money. They were introduced to Bitcoin by Brooklyn-based investor David Azar in 2012, and found their new investment ecosystem.
Over the years, the astronomic rise in Bitcoin price has turned their $11 million investment to a $1 billion portfolio of 102,712.91 BTC.
  1. Matthew Mellon
Matthew Mellon’s money started as old money which he inherited from family sources. However, through his “crazy” investment approach, he has been able to build a fortune out of his family inheritance.
Having bought into Bitcoin some years ago, Mellon abandoned his early investments and sold his Bitcoins at some point. His attachment with the banking industry and the XRP feasibility attracted him to the coin.
Mellon spent $2 million to acquire XRP tokens a few years back. That investment has grown to $1 billion, in the equivalence of 102,712.90 BTC.
  1. Zhao Chaopeng
Zhao Chaopeng popularly known as CZ, is the founder of cryptocurrency exchange, Binance. Within one year of its launch, Binance became the largest cryptocurrency exchange in terms of volume.
The platform’s tokens were sold at a price of 10 cents during its ICO. At the time of writing, the price of the coin has risen to over $27 and CZ owns a huge volume of the coins.
In 2014, CZ sold his house in Shanghai, which was practically all he had, to go all out into Bitcoin. Today, his net worth is $1.3 billion, which is equivalent to 133,523.65 BTC.
  1. Brian Armstrong
Brian Armstrong is the CEO of Coinbase, the largest cryptocurrency exchange in America. Coinbase was founded in 2012, and is the most patronized cryptocurrency exchange in the US. The exchange has also expanded, and is now available in many countries of the world.
In 2018, the exchange embarked on a financing round that saw it raise $300 million, and the company is now valued at $8 billion.
Armstrong’s net worth stands at $1.3 billion, with equates to 133,523.64 BTC.
  1. Jihan Wu
Johan Wu is the co-founder of Bitmain, a China-based Bitcoin mining giant. Together with Micree Zhan Ketuan, they have grown Bitmain to become a household name in the industry, and the main supplier of ASIC-chip miners. Wu is also popular for his open support of Bitcoin Cash.
Wu is estimated to be worth up to $1.5 billion, which translates in Bitcoin to 154,065.75 BTC.
  1. Chris Larsen
Chris Larsen is the co-founder of Ripple, a company which was founded in 2012 with Jed McCaleb, the founder of Mt Gox.
Larsen is regarded as a self-made billionaire, with the bulk of his wealth coming from cryptocurrency enterprises. Ripple boasts many top end customers in its portfolio. Among the list includes Bank of America, Santander and Mitsubishi Financial.
Larsen’s net worth is estimated at $1.5 billion, which is equivalent to 154,065.74 BTC.
  1. Micree Zhan Ketuan
Zhan is the co-founder of Bitmain technologies. Bitmain is regarded as the biggest Bitcoin mining company in China. The company is also known to specialize in the sale of ASIC-chip miners.
Zhan is an electrical engineer by training and is the builder of the ASIC chips on the Bitmain hardware. He is an acclaimed self-made billionaire whose source of wealth is the manufacturing and sales of cryptocurrency mining chips.
Zhan’s net worth is estimated at $2.7 billion, which when converted to Bitcoin is 215,692.05 BTC.
Conclusion
The dominant investment industry concept is evolutionary. At different eras of existence, different industries have produced different money magnates. Serial investors at the same time have found ways of aligning with the prevailing markets as the times change.
With the advent of Bitcoin and blockchain technology, the digital assets ecosystem appears to be making a strong statement in the wealth sector. The number of self made billionaires within this sector is a testimony to the impact of this concept in today’s world.
The top 10 richest people in the world, in Bitcoin, parades some names that can stand side-by-side with money magnates of traditional industries. With more developments likely to emerge in the crypto ecosystem, it will not be surprising to see the number of crypto-made billionaire skyrocket in the near future.
https://medium.com/@4kingsocials/top-10-richest-people-in-the-world-in-bitcoin-94183268189b
submitted by OliAustin101 to CryptoNewsandTalk [link] [comments]

Exposed: How Bankers are trying to centralize and highjack Bitcoin by buying "supporters" and promoters (like OpenBazaar team) for the B2X (S2X/NYA) attack on Bitcoin.

*Open Bazaar was crossed-out after their S2X support retraction, see edit at bottom.
These guys have deep pockets, but as you will see below, they are funded by even deeper pockets.
We can't leave this to chance or "the markets to decide" when there is such a malicious intent to manipulate the markets by those powerful players. So that's why all the people saying: "Don't worry, S2X won't happen" or "S2X is DOA" need to stop, we are at a 'make-or-break' moment for Bitcoin. It's very dumb to underestimate them. If you don't know yet who those malicious players are, read below:
We need to keep exposing them everywhere. Using Garzik as a pawn now, after they failed when they bought Hearn and Andresen (Here are the corrupted former 'good guys'), they are using the old and effective 'Problem-Reaction-Solution' combined with the 'Divide & Conquer' strategies to try to hijack Bitcoin. Well, effective before the current social media era, in which hidden motives can be brought to the light of day to be exposed.
Public pressure works when your profits depend on your reputation. The social media criticism worked for companies like Open Bazaar, which after weeks of calling them out on their S2X support, they finally withdrew it.
Please contact the companies on these lists if you have any type of relationship with them, we have just a few days left until the fork:
Regarding OpenBazaar:
* openbazaar (OB1) developer appears to be spreading pro s2x fud. someone needs to fork their project
* PSA : Open Bazaars latest investment round was for 200K from Barry Silberts DCG (Digital Currency Group)
(See edit at the bottom)
B2X (S2X/NYA) is nothing more than an open attack on Bitcoin, not an "upgrade" as they want to sell it. This attack has no 'consensus', at all. It was "agreed" by a bunch of miners and corporations behind closed doors, with no community nor developers support. Only miners and a few millionaires that stand to profit from the B2X attack support it. The vast majority of the Bitcoin community is totally against this attack on Bitcoin. Most of those companies are under DCG group:
Every bitcoiner should know about what DCG (Digital Currency Group) is, and call out publicly these crooks and the people they bribed that are working for the Corporations/Bankers against Bitcoin:
Brian Armstrong, Winklevoss brothers, Bobby Lee, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team)(see edit at the bottom), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins (Federal Reserve Board of Directors), Bill Barhydt and Jiang Zhuoer.
Once people are informed, they won't be fooled (like all the poor guys at btc) and will follow Bitcoin instead of the S2X or Bcash or any other centralized altcoin they come up with disguised as Bitcoin.
DCG (Digital Currency Group) is the company spearheading the Segwit2x movement. The CEO of DCG is Barry Silbert, a former investment banker, and Mastercard is an investor in DCG.
Let's have a look at the people that control DCG:
http://dcg.co/who-we-are/
Three board members are listed, and one Board "Advisor." Three of the four Members/advisors are particularly interesting:
Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Yes, you read that correctly, currently sitting board member of the Federal Reserve Bank of New York.
Barry Silbert: CEO of DCG (Digital Currency Group, funded by Mastercard) who is also an Ex investment Banker at (Houlihan Lokey)
And then there's the "Board Advisor,"
Lawrence H. Summers:
"Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states, and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act."
https://en.wikipedia.org/wiki/Lawrence_Summers
Blythe Masters:
Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.
https://en.wikipedia.org/wiki/Blythe_Masters
Seriously....The segwit2x deal is being pushed through by a Company funded by Mastercard, Whose CEO Barry Silbert is ex investment banker, and the Board Members of DCG include a currently sitting member of the Board of the Federal Reserve Bank of New York, and the Ex chief Economist for the World Bank and a guy responsible for the removal of Glass Steagall.
It's fair to call these guys "bankers" right?
So that's the Board of DCG. They're spearheading the Segwit2x movement. As far as who is responsible for development, my research led me to "Bitgo". I checked the "Money Map" https://i.redd.it/15auzwkq3hiz.png And sure enough, DCG is an investor in Bitgo.
(BTW, make sure you take a good look take a look at the money map and bookmark it for reference later, ^ it is really helpful.)
"Currently, development is being overseen by bitcoin security startup BitGo, with help from other developers including Bloq co-founder Jeff Garzik."
https://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/
So Bitgo is overseeing development of Segwit2x with Jeff Garzick. Bitgo has a product/service that basically facilitates transactions and supposedly prevents double spending. It seems like their main selling point is that they insert themselves as middlemen to ensure Double spending doesn't happen, and if it does, they take the hit, of course for a fee, so it sounds sort of like the buyer protection paypal gives you:
"Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo."
Source: https://www.bitgo.com/solutions
So basically, they insert themselves as middlemen, guarantee your transaction gets confirmed and take a fee. What do we need this for though when we have a working blockchain that confirms payments in the next block already? 0-conf is safe when blocks aren't full and one confirmation should really be good enough for almost anyone on the most POW chain. So if we have a fully functional blockchain, there isn't much of a need for this service is there? They're selling protection against "The transaction not being confirmed in the Blockchain" but why wouldn't the transaction be getting confirmed in the blockchain? Every transaction should be getting confirmed, that's how Bitcoin works. So in what situation does "protection against the transaction not being confirmed in the blockchain" have value?
Is it possible that the Central Bankers that control development of Segwit2x plan to restrict block size to benefit their business model just like our good friends over at Blockstream attempted to do, although unsuccessfully as they were not able to deliver a working L2 in time?
It looks like Blockstream was an attempted corporate takeover to restrict block size and push people onto their L2, essentially stealing business away from miners. They seem to have failed, but now it almost seems like the Segwit2x might be a culmination of a very similar problem.
Also worth noting these two things, pointed out by Adrian-x:
  1. MasterCard made this statement before investing in DCG and Blockstream. (Very evident at 2:50 - enemy of digital cash watch the whole thing.) https://www.youtube.com/watch?v=Tu2mofrhw58
  2. Blockstream is part of the DCG portfolio and the day after the the NYA Barry personal thanked Adam Back for his assistant in putting the agreement together. https://twitter.com/barrysilbert/status/867706595102388224
So segwit2x takes power away from core, but then gives it to guess who...Mastercard and central bankers.
So, to recap:
Did we just spend so much time fighting and bickering with core that we totally missed the REAL takeover of Bitcoin, happening right before our eyes, by the likes of currently serving Federal Reserve Bank of New York Board Members?
And before you dismiss all those hard and documented facts as just a 'conspiracy theory', think about this:
Of course, who thought that the ones holding the centralized financial power today (famous for back-door shady plots to consolidate even more power and control), would sit on their hands and let Bitcoin just stroll in and easily take that power away from them?
So, it is not a crazy conspiracy theory, but more like the logical and expected thing to happen. Don't let it happen.
Edit: Formatting.
Edit 2: Brian Armstrong taken out of the 'bad guys' list.
Edit 3: Welp, Brian Armstrong back on the blacklist for this flip-flop. And added Winklevoss Brothers for this, and Bobby Lee for this.
Edit 4: Due to Brian Hoffman just issuing this excellent and explicit S2X/NYA support retraction, I created this post to apologize for my previous posts (calling them out for the S2X support) and I will be editing my posts to reflect this positive change. I'm gladly back to being a supporter of the great and promising project that OpenBazaar has proven to be.
Edit 5: Added Blythe Masters (How could we leave her out?).
Edit 6: Added links to lists of companies supporting S2X/NYA.
submitted by readish to Bitcoin [link] [comments]

[The combination of stable currency and DeFi will create the next big event, said former developer of Bitcoin Core, Jeff Garzik]

[The combination of stable currency and DeFi will create the next big event, said former developer of Bitcoin Core, Jeff Garzik]
Bitcoin Core's former code contributor, Bloq CEO Jeff Garzik, said stable currency is pushing DeFi to the next stage. “The next big event is that all Decent Financial (DeFi) products – loans and credits – are built on top of Layer 2 stable coins, while Layer 2 stables are built on things like Metronome or Bitcoin. On top of the Layer 1 cryptocurrency," he added, "Ten years have passed, we are still in the era of 'I am building blockchains'. DeFi is the first "I am building on the blockchain" use case It is built on a lower-level infrastructure pipeline that ordinary users don't have to think about or understand, it should be there and should work."

https://preview.redd.it/sm4vjisgkqr31.png?width=690&format=png&auto=webp&s=80498087d98a4c17f8af692461a11469c6ee3ddf
submitted by Novafoundation to u/Novafoundation [link] [comments]

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