Chinese Internet Giant starts mining for Bitcoins The ...

China Baidu pause Bitcoin? Now I have a great news to share with you, My friends!

You all know that jiasule, which is a very little branch of Baidu, paused Bitcoin a few days ago, Yes?
Now I tell you, hao123.com, which was bought by Baidu and have about HALF traffic of baidu.com, now added a link of bitcoin at its homepage and built a special section as www.hao123.com/bitcoin/ !
My friends, do you know the price you should pay if you want to put your website on the homepage of hao123.com? more than 10,000 USD per day!
This time, the price of bitcoin is going to MOON!
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Daily analysis of cryptocurrencies 20191027 (Market index 50 — Neutral state)

Daily analysis of cryptocurrencies 20191027 (Market index 50 — Neutral state)

https://preview.redd.it/bgj3hxy1u6v31.png?width=400&format=png&auto=webp&s=d2fbdee5918290e79b62010dabb94148c761439d

Video Lessons Targeting Blockchain Technology Go Live On CCPPD’s Platform Following the news that XI Jinping, Chinese President and General Secretary of the Communist Party of China, addressed the importance of blockchain in making technological breakthroughs at the eighteenth group learning event organized by the Political Bureau of the Central Committee Oct 24, the Xuexi.cn platform led by the Publicity Department of the Central Committee of the Communist Party of China, or CCPPD, announced Oct 26 the launch of the video lessons targeting the blockchain technology. The videos with a total of 25 lessons mainly include the preliminary introduction to the blockchain technology, the consensus agreement, Bitcoin, Ethereum and smart contracts, blockchain performance improvement, blockchain security, the basic knowledge of big data, in-depth analysis of blockchain instances, as well as the concrete programming code examples.
The Bitcoin Financing Case Accepted By Chinese Court For The First Time A loan dispute caused by the Bitcoin pledge has been put on file in Wuchang District People’s Court, Hubei Province (lying in central China). According to the indictment, the defendant pledged Bitcoin to borrow money from the plaintiff to bet on the rise of the king coin. During the Bitcoin decline cycle in 2018, the plaintiff took measures to liquidate the position forcibly, but still suffered some losses. The defendant does not acknowledge the loan relationship, falling to a material breach. Lawyer SUN Jun from Shanghai SHENHAO Law firm indicated that the financial attribute of Bitcoin would be recognized for the first time in China.
For New Cryptography Law, China Took A Big Step In Right Direction, CZ Comments ZHAO Changpeng, also known as CZ, founder of Binance, reposted an article released by CoinDesk and titled “China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020.” Regarding the issue, ZHAO commented, “This is big! The country with the biggest population on Earth, and one of the highest GDP growth in recent years, just took a big step in the right direction. What is your country gonna do? Follow or get left behind?”
Baidu Search Index For Blockchain Up By 894% In Past 7 Days Amid President XI Highlighting Blockchain Citing data by Baidu Search Index, in the past seven days, daily average searches for the word “Bitcoin” were 31,955, which was 108% more than that of the previous year and 60% more than that of the previous week; daily average searches for the word “blockchain” was 42,444, which was 349% more than that of the previous year and 894% more than that of the previous week. As previously reported by CoinNess.com, Chinese President XI Jinping said on Oct 24 that China would put more focus on blockchain development. Note: Data offered by Baidu Search Index shows recent popular topics/trends in China.

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30. Aeternity (AE): and 5 others 27 October 2019 CoinAgenda Conference CoinAgenda conference in Las Vegas from October 26–28. Electroneum (ETN): 27 October 2019 KRON-TV Interview “… You can watch Richard Ells interview with Jane King on KRON-TV in San Francisco, 6:30am October 27th.” Hype Token (HYPE): 27 October 2019 Token Voting Event Voting for HYPE Token’s burning % and daily freezing rewards % for November is now live! Freeze tokens to vote & receive daily rewards.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.” XFOC (XFOC): The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28. MEDIUM (MDM): The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00. ZB/ ZB Blockchain: The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany. BQT (BQTX): 28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.” Enjin Coin (ENJ): 29 October 2019 EnjinCraft Stress Test “Join us Oct. 29 at 7:00pm GMT for a stress test. Let’s try to break #EnjinCraft!” IOTA (MIOTA): 29 October 2019 IOTSWC Barcelona IOT Solutions World Congress Digitalizing Industries conference in Barcelona from October 29–31.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019. VeChain (VET):”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM. uPlexa (UPX): 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees. Enjin Coin (ENJ): 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…” Auxilium (AUX):01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. Havy (HAVY):01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.” Egretia (EGT): 01 November 2019 Global DApp Contest SF 2019 Egretia Global DApp Contest in San Francisco.

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019. TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!” aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC).

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…”

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.”

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th.

In the past two days, there were heavy swing moves in BTC from the $7,500 support against the US Dollar. The BTC/USD pair rallied more than 20% and broke many hurdles near $8,500 and $9,000.
Moreover, there was a close above the $8,500 resistance area and the 100 simple moving average (4-hours). Finally, the price rallied above the $10,000 resistance and traded close to the $10,600 resistance area.
However, the bulls failed to remain in control and a top was formed near $10,591. Later, there was a strong downside correction below the $10,000 level. The price traded below the 23.6% Fib retracement level of the rally from the $7,425 swing low to $10,591 high.
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The Internet Cloud Has a Dirty Secret

The music video for “Despacito” set an Internet record in April 2018 when it became the first video to hit five billion views on YouTube. In the process, “Despacito” reached a less celebrated milestone: it burned as much energy as 40,000 U.S. homes use in a year.
Computer servers, which store website data and share it with other computers and mobile devices, create the magic of the virtual world. But every search, click, or streamed video sets several servers to work — a Google search for “Despacito” activates servers in six to eight data centers around the world — consuming very real energy resources.
A lot of them.
Today, data centers consume about 2% of electricity worldwide; that could rise to 8% of the global total by 2030, according to a study by Anders Andrae, who researches sustainable information and communications technology for Huawei Technologies Ltd.
U.S. data centers consumed 70 billion kilowatt-hours of electricity in 2014, the same amount that 6.4 million American homes used that year. Data centers need electricity to power their servers, storage equipment, backups, and power cooling infrastructure; most servers require temperatures below 80 degrees Fahrenheit to operate, and cooling can comprise up to 40% of electricity usage in conventional data centers.
“People don’t think about the backend consequences of Netflix streaming,” says Debra Tan, the director of Hong Kong-based nonprofit China Water Risk. “The information and communications technology (ICT) sector is probably one of the most power-hungry sectors going forward.”
The global shift toward what Tan calls “cloud-based societies”—and the rise of nascent tech like 5G networks, robotics, artificial intelligence, and cryptocurrencies—means electricity consumption in data centers will keep surging.

Data’s massive carbon footprint

Because servers are housed in nondescript data centers rather than factories with billowing smokestacks, the size of their carbon footprint is easily overlooked.
But the constant and increasing demand for connectivity means ever more energy funneled into these data centers, and much of that energy is non-renewable and contributes to carbon emissions. Data centers contribute 0.3% to global carbon emissions, according to Nature; the ICT sector as a whole contributes over 2%, and those numbers could increase.
The U.S. is home to 3 million data centers, or roughly one for every 100 Americans. A large number are clustered in Loudoun County in northern Virginia. Tech giants like Amazon, Microsoft, and Google operate data centers there, and county officials claim that 70% of the world’s Internet traffic flows through the area’s data centers.
Only 12% of Amazon’s Loudoun County data centers and 4% of Google’s are powered by renewable energy, despite their pledges to shift to 100% clean energy, according to Greenpeace. The region’s low commercial electricity rates make it an attractive site for power-guzzling data centers.
Debra Tan of China Water Risk says that American tech firms with a global presence like Google and Facebook must step up their existing commitments to clean energy, as must Chinese tech companies like Baidu, Alibaba, and Tencent, which sourced 67% of their energy from coal in 2017. China’s data center industry is the world’s second-largest, comprising 8% of the global market.
“The ICT sector can definitely lead the world in aggressive decarbonization because they’re the sector that will add on the most power going forward,” says Tan. “They have the capability [and] they have the scale.”

The data never ends

The Internet’s “never-ending creation of data” explains why electricity demand in data centers will likely surge in the future, says Huawei researcher Anders Andrae, who cites more advanced video, 5G networks, A.I. training, holography, and cryptocurrency mining as some of the drivers.
The energy consumption of Bitcoin mining has been a concern for many watching the rise of cryptocurrencies, and analysts have said Bitcoin mining consumes around 0.3% of global electricity (some skeptics argue that such estimates are exaggerated, however).
In China, the government is starting to crack down on the practice. Authorities in China’s Inner Mongolia province said earlier this month that they will no longer support the crypto mining industry, though they did not issue an official ban.
Inner Mongolia’s cheap electricity, thanks to a wealth of coal, is what first drew crypto miners to the far-flung province. In China, data centers get 73% of their power from coal and 23% from renewable sources. The country’s clean energy industry is still developing, so there is a lack of infrastructure compared to coal-powered sources, which are relatively cheap and abundant—China accounts for half of global coal consumption.
China’s data centers emitted 99 million tons of carbon dioxide in 2018 and will emit two-thirds more by 2023 unless industry addresses its energy consumption, per a 2019 study by Greenpeace and North China Electric Power University.
Ye Ruiqi, a climate and energy campaigner for Greenpeace East Asia, says that the initiative to move the industry towards renewable energy “must come from internet data center companies themselves.”
“We need to start addressing the carbon emissions and air pollutants associated with the source[s] of power that feed into our data centers.” Ye says, noting that a handful of Chinese companies have started shifting to renewables and “the results are promising.”
While consumers can make some daily changes to their consumption—streaming Netflix on medium quality rather than high-definition could save over 75% of carbon and water used—companies and governments must take the lead in the greening of the supply chain and development of renewable energy infrastructure, says Tan.
“We can get more efficient […] but our demand is also going to go up,” Tan says. “Your best bet is to go 100% renewables for the backend, cloud, all the transmission towers, et cetera. If you can get that infrastructure to green then there’s less pressure to curbing demand.”
It will be difficult, but if the sector takes action to shift from coal to renewable energy, electricity consumption can decouple from carbon emissions, Ye says: “Technology innovation doesn’t have to contradict [sustainable] development.”

More must-read stories from Fortune:

China is the world’s biggest coal user. Can it break the habit?
—How the [energy industry is using data to decarbonize itself
](https://fortune.com/2019/09/06/how-the-energy-industry-is-using-data-to-decarbonize-itself/)—Why solar execs say [the game is already over for non-renewable energy
](https://fortune.com/2019/09/06/non-renewable-energy-new-generation-solar-wind/)—BP’s CEO says he’ll sell oil projects to meet [Paris climate accord goals
](https://fortune.com/2019/09/12/bp-ceo-sell-oil-projects-paris-climate/)—Listen to our audio briefing, [_Fortune_500 Daily
](http://fortune.com/radio/)_Subscribe to[_The Loop](https://cloud.newsletters.fortune.com/fortune/newsletters/)_, a weekly look at the revolutions in energy, tech, and sustainability._
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Perspectives on each of the TOP 10 cryptos -- your thoughts?

DISCLAIMER: These are obviously just my personal thoughts, and everyone is free to have differing views. I've held eight out of ten of these over the past years, but at the moment hold just four. Hopefully this post could serve as a discussion starter, with different people sharing their analytically/rationally justified arguments for being bullish/bearish on different cryptos.
BITCOIN. The coin that started it all and got most of us interested in cryptocurrencies to begin with. The hands-down leader in adoption, and very robust in doing what it's doing. I'm not bearish on Bitcoin, as such, and I think as a distributed/democratic store of value it certainly has its place for the long term. What I don't like are the political battles between Bitcoin Core/Blockstream and the miners, neither of which really is objectively looking after just the interests of the common people. One can also criticize Bitcoin for the high fees and scalability challenges, but over long enough a period, the challenges are fundamentally the same for any other blockchain-based currency. In summary, I'm not loving the governance setup and thereby the slowish technological progress, but nevertheless think Bitcoin is here to stay.
ETHEREUM. A highly disruptive force across industries, unlocking massive potential in enterprises around industrial-scale automation, trust, robustness etc. The EEA is fantastic, and the investment into Ethereum-based development across large enterprises is just unparalleled. And I like the stronger leadership, which enables the technology to move ahead faster than Bitcoin. Yes, I love Ethereum, and really my only bigger question regarding the long-term value of Ethereum tokens is how much of the large-scale development will use ETH as is vs. having a solution based on the technology that is Ethereum, but not using the standard token (which is my main criticism towards Ripple).
RIPPLE. Highly targeted to unlock significant efficiency gains from using blockchain in banks, and would certainly expect it to get traction, as such. My main reservation -- and it's a big one -- is how much of the adoption will actually use the XRP token vs. just use the technology as a protocol, but not the token. In the latter scenario, the protocol itself could become as widely adopted as let's say TCP/IP (as maybe an absurdly extreme example), but the inventors of the protocol would really not get much benefit -- apart from maybe consulting and system integration business with the banks, I suppose similarly what IBM's business model is with HyperLedger -- while investors in the token would get pretty much nothing.
BITCOIN CASH. OK, how to put this... I suppose most of us liked getting some extra cash for our Bitcoins, but seriously, what is the long-term sustainability of BCH? Virtually all the developers went with Bitcoin, and the only real backers are a few (if not just one?) big miners. This is not a sustainable model for the long term. Sorry to be blunt, and happy to be proven otherwise with sound well-thought arguments.
LITECOIN. The silver to Bitcoin's gold, as they say. Yeah, I think that's true in many ways. And I like Charlie Lee and that due the stronger leadership Litecoin is able to move faster technologically than Bitcoin, but... on balance, being the 'little brother' of Bitcoin doesn't seem like a long-term viable value proposition. Let's say Bitcoin implements all the stuff they've planned on implementing, the Lightning Network and all that -- why would someone use Litecoin? There are network effects, and in large-scale deployment where your parents and cousins are using cryptocurrencies every day, the economies of scale (incl. stability) would favor the leader. So, I think Litecoin is a nice project, but don't see what its unique long-term value proposition is.
DASH: I apologize up front, I haven't really studied Dash in any great detail, but my impression is that what they're good at is marketing (incl. the somewhat catchy name) and driving adoption. Technologically, I don't see anything here that would make Dash competitive long-term -- not in terms of the technological vision nor a highly competent team (similar to Bitcoin Core, the Ethereum team and EEA, or on a smaller scale the IOTA team and the caliber of people they are bringing in). Again, I'm sorry if this was blunt, and happy to be proven wrong -- with facts and well-founded analytical/rational arguments.
NEM: I don't know too much about NEM, but what I have seen looks kind of good, to be honest. What I think the team is lacking the most is what Dash has in abundance: marketing savvy. The team is making good progress in adoption and the tech seems sound. On the other hand, "New Economy Movement" is not really the sexiest of names, and in general people don't quite seem to even know about the project, and the trading volumes of NEM have typically been the lowest of the TOP 10 cryptos. I would love to know more about NEM, and would be great to see the team get the project more into limelight and really onto the arena so that it's pros and cons vs. the other cryptos would be debated more.
MONERO: I've liked Monero for some time. However, as far as I know, it's main value proposition has been anonymity, and as other cryptos also implement similar mechanisms, I wonder what Monero's long-term value proposition and raison d'etre is. Keen to hear other people's thoughts on this. As a side note, which is not a criticism towards Monero itself, but more the community, is that as the value of Monero has been pushed up over the past few months largely driven by listing on the (highly gambling-oriented) Korean exchanges, there is a fair amount of "Monero is great because the value went up and therefore I bought into it also" kind of thinking. Again, not a criticism towards Monero itself, but when commenting why you think Monero is a great technology and has unique value-add for the long-term, please let's stick to real solid arguments.
IOTA. The project that seems to be sparking a lot of debate recently, incl. somewhat dirty tactics from people affiliated in competing projects masquerading as neutral/independent researchers. Anyway. What is unique about IOTA is that it's zero fee. That is highly, highly disruptive. Also, the tech has no limitation in tx/sec -- apart from speed of networks and economical cost of storage, the physical realities any technology has to deal with, of course, but no limitation similar to the block size with Bitcoin etc. The technology has also been designed to have quantum-resistant security, but as far as I know also other initiatives like Ethereum will implement similar mechanisms over time. But nothing else is really zero fee, not even any of the other DAG-based projects. This is massive. Now, let's be clear: IOTA is still in early development, and the team is aiming for production grade in 2018. They still have the Coordinator as 'training wheels' for the system, they had the somewhat funky/ballsy copy-protection mechanism in place, etc. And some of the key guys can be a bit edgy or borderline arrogant if challenged with incomplete facts/context/logic. That's all fair. But the bottom line for me is that the technology holds massive potential, and hence the key question is whether they have and are building the team to deliver on this vision. I have high confidence in the edgy-yet-capable core team, and the people they are bringing in are very impressive from top-notch researchers to folks like the former CIO of SAP and UBS.
NEO. I used to be more sceptical and critical about NEO, or Antshares, as it used to be called. It's been dubbed the 'Ethereum killer from China'. Well, based on what I know, it's certainly no Ethereum today -- nor do I see it as more of a threat to Ethereum than let's say Baidu has been a 'Google killer'. Having said that, the comparison also surfaces why I'm increasingly liking NEO. China is a special market. Which explains also the recent 'bans' on ICOs, exchanges, etc. -- and why Westerners often interpret these moves wrong and then over-react. But that's another story. Anyway, as China puts some regulation in place to protect its people from outright scams, local front-runners like NEO will certainly benefit, I would expect. And China will want to have its iconic leaders also in this tech, similarly as they've wanted to have in the Internet wave in the form of the Baidu, Tencent, Alibaba, etc. So, while NEO isn't technologically really in a place to compete head-to-head with Ethereum today, I think it has potential to become something significant over time. Because China.
Thanks for reading! Look forward to any comments -- but let's keep things civil. And don't be offended if I don't respond to comments; time is limited, and would really hope the discussion to take off between different contributors rather than a one-to-many debate.
submitted by DragonSorbet to CryptoCurrency [link] [comments]

Tron: Rising Dragon in blockchain

Have you heard anything about Alibaba, Jack Ma, Tim Draper, Ripple, JP Morgan? ..
Why am I asking this? Recently I discovered an interesting blockchain project from China. Since I have just returned from China, where I promoted innovative technologies, I was amazed by the scale of the changes taking place in the country and now my focus is primarily on this market.
So, the project is called Tron (www.tronlab.com) and it has an ambitious goal that can not be described in two words. I'll try to list:
1) to replace game currencies with the project's crypto currency - Tronix (TRX). Unlike gaming currencies, this currency will be "real", it has real market value. What is the advantage? According to the idea, all projects connected to the Tron ecosystem will use the common currency Tronix or tokens based on the Tron protocol, which can be freely exchanged for Tronix (TRX). This will allow you to freely move assets between different games and applications.
Imagine, you played in Call of Duty, bought there weapons, then some amount left. Later you decide to play Fifa 201x. Move the existing TRX from Call of Duty to Fifa and buy Messi ;) Then go to the social network and buy a virtual gift to someone for the same TRX, open the online cinema and pay for the movie... And all this quickly, safely, conveniently.
2) integrate the TRX crypto currency into the online entertainment industry, which includes not only games, but also social networks, dating sites, etc. This will allow you to enter the premium group, vote for your favorite entries, present virtual gifts. And these are not just plans, but a working model. The first application, which integrates the TRX crypto currency, is Peiwo with an audience of 10 million users. For comparison, according to the evaluation of experts there are about 20 million Bitcoin owners in the world.
3) use its own mainnet blockchain and protocol for the online entertainment industry. At the moment, the TRX crypto currency is a token on the ERC20 protocol. What will it give? Companies will be able to conduct ICO on the basis of the Tron platform and protocol, which will lead to an increase in the value of TRX's internal crypto currency. One of the main disadvantages of Ethereum is the lack of a hard cap, that is why the system requires constant external funding to maintain the value of the ETH crypto currency. At the same time, the TRX has the same advantages as the ETH but has a hard cap of 100 000 000 000 TRX, with a circulation supply of 65 000 000 000. Many investors in crypto-currencies are concerned about such high circulation supply, but this has its advantages. First, the online games market alone exceeds 100 billion dollars. And this is only a small part of the online entertainment market. For example, in China I was surprised to see how pretty Chinese woman earned more than $ 50 in the form of tips just for eating her dinner on the air in the video-streaming app... And gamers who demonstrate in real time how to play DOTa earn several thousand dollars per month.
Thus, such a circulation supply even with the current development of online entertainment will quickly disperse and there will soon be an increased demand for TRX, which will lead to a steady increase in the price of TRX. For example, at the time of writing, TRX costs about $ 0.0024 (0.0000082ETH). If each user of the Peiwo application purchases 6500 TRX (which is only $ 15.6), then there will already be a deficit of tokens. But most importantly, among investors there are such people as Binshen Tang, the owner of the game Clash of Kings with an audience of 40 000 000 people.
Secondly, there are rumors that the Chinese authorities are considering the prohibition of buying and selling the fractions of cryptocurrencies, so you can not buy 0.5 BTC, but only 1, 2 ... BTC to limit the circulation of crypto-currencies. Such circulation supply of TRX will allow free trade on exchanges with these restrictions. In addition, it will allow you to carry out micropayments, such as watching a few minutes of a movie and pay some cents in TRX.
4) create a decentralized data warehouse based on p2p technologies. This means that the content will be the property of authors, not for example of such services as Facebook, Youtube or Google. In other words, users will pay to the authors directly. To date, the authors receive small earnings from the sale of advertising by these services. In addition, it will ensure the constant availability, permanence and reliability of the information, as it will be stored in the blockchain.
My experience of work with innovative technologies showed that the most important thing in the success of the project is his team. And with this, Tron is all right.
CEO of Tron Foundation is Justin Sun, the former representative of Bitcoin settlement platform Ripple in China. Ripple is now the third cryptocurrency by market cap after Bitcoin and Ethereum. It is used for transactions between banks, like SWIFT.
He was awarded by the next titles:
He founded Peiwo, an app aspiring to become China's Snapchat.
Justin Sun was the student of Jack Ma (Alibaba) at Hupan University. Now he is in the Tim Draper’s University.
Recently to a team of more than 60 people, including experts in p2p and blockchain technologies, joined the senior expert Lucien Chen from Alibaba and Tencent (Wechat app).
So, what about investors? Among them are:
Separately, it should be noted that Justin Sun is a protégé of Jack Ma and teaches a course about blockchain technology at his university. In addition, Jack Ma in his recent interview noted that in the future the society should be healthy and happy. Entertainment brings happiness, so it will be part of Alibaba's business.
There are also rumors that Tim Draper invested in Tron. Tim Draper was one of the first to invest in Tesla, Skype, Baidu (Chinese Google).
Lately Justin Sun tweeted that Fund that supported Ripple and some Hedge Funds invested in Tron Foundation.
And some background information.
ICO from Tron passed in several stages from the second half of August to the beginning of September. The price of 1 TRX during the ICO period was 0.00000488 ETH.
A few interesting facts about the ICO Tron. The stage that was held at the Binance exchange was successfully completed in 39 seconds!!! This heated the interest of investors and at the next stage, which was conducted on another site, the desire of investors to get tokens as quickly as possible led to a system’s crash, such a powerful was "ddos attack". In total, according to preliminary estimates, during the ICO about $ 60 million was raised.
Total supply of TRX is 100 000 000 000, circulation supply is 65 000 000 000. The number of decimals is 6. By coin market cap at present TRX is between the 30th and 40th place among all cryptocurrencies.
At the time of writing, TRX traded on the exchanges HitBTC, Liqui, Qryptos, EtherDelta. Some more exchanges on the way, one of which is Korean and another is Australian coolcoin.com. To see TRX in Etherdelta you have to choose to Add custom token and fill the next data:
Address: 0xf230b790E05390FC8295F4d3F60332c93Bed42e2
Token Symbol: TRX
Decimals: 6
And the most pleasant thing is, until October 30, 2017, you can still buy TRX to get a free 10% airdrop after this date.
Links:
1) twitter.com/justinsuntron
2) https://www.forbes.com/sites/rogeraitken/2017/08/12/could-this-millennial-crypto-tech-visionary-be-the-next-jack-ma/#77315aa87064
submitted by golpan to Tronix [link] [comments]

Cloudopt AdBlocker - An amazing browser extension

Cloudopt AdBlocker - An amazing browser extension
Cloudopt Adblocker is probably the best security plugin in the Eastern Hemisphere that can protect your security, prevent traces and malicious domain names, filter banner ads, pop-up ads, and video ads, all in real time.
Back in late 2016, we were thinking why where wasn't a browser extension with both security and ad-blocking functions. And after half a year of planning, prototyping, visual designing, developing and testing, we eventually finished a v1.0 version in June 2017. Then we invited many friends to internally test for 2 months. We built a high performance cloud security center based on Cloudopt Next, the web framework developed by the Cloudopt team. To better fit your browser, we designed the UI using Material Design and tuned it again and again for better experience.
Since the beta released in March 2017, through dozens of iterative upgrading, we produced a solution integrated of cloud security, ad-blocking and page acceleration, with good user experience. By today, we have evaluated about 400 thousand websites, analyzed over 10 million user comments about them. On average, every day the Cloudopt Security Center blocks 100 thousand various attacks, processes 500 thousand website evaluation request from users in China, Korea, Japan, America, Russia, and everywhere on earth.

https://preview.redd.it/diz5lcyqjgd21.png?width=1212&format=png&auto=webp&s=23cf5d8d04f7dae2784e9b4b502291631fe8854c

https://preview.redd.it/zo3hl6lrjgd21.png?width=1229&format=png&auto=webp&s=5a16c5e52ea31d037fd45ba8834b48bb3d330761
screen shots of Cloudopt Adblocker
What Cloudopt Adblocker does:
  1. Blocks common malicious ads
  2. Accelerates page loading, saves your bandwidth, hides ads and pop-ups
  3. Blocks various malwares and ad-wares
  4. Protects your privacy by intercepting third party analysis system
  5. Protects you from malicious phishing attacks
  6. Protects you from harassment and scams
  7. Prevents downloads from dangerous websites
  8. Prevents bitcoin miners from using your browser
  9. Suppors DNS and page preloading
INSTALL NOW

Features
1. Intelligent reputation assessment
Through the production planning, we have been trying to break through existing patterns of security extensions and harassment interception extensions. For example, the traditional URL judging is kind of black-or-white, but Cloudopt Adblocker utilizes machine learning technology, dynamically assesses a website by dimensions such as popularity, user commonts, media comments, case judgements from courts and evaluations of third party security organizations. The assessment results in a score, which between 0-40 points represents danger, 40-60 points for potential threats, and over 60 for safe.
When you want to check the reputation and user comments of the site you are visiting, just click on the Cloudopt Adblocker extension icon and check them in the pop-up window.

https://preview.redd.it/pcpzahltjgd21.png?width=1213&format=png&auto=webp&s=5520be312c447f44d8717b5388b2c41b11b108fc
screen shot of reputation assessment
If you are a Internet practitioner or know much about the Internet, we recommend you to open the potential threat detection option.
2. Phishing sites blocking

https://preview.redd.it/j64maa3ujgd21.png?width=487&format=png&auto=webp&s=34ad1df9f33c6ad6c82a9b98ce233b59acd8d7e5
screen shot of phishing websites blocking
3. Miners blocking
Protects your browser from being used by bitcoin miners.
4. Malicous ads blocking and privacy protection
Prevents website from recording tracking and analyzing your behavior. Blocks harassment and annoying ads.

https://preview.redd.it/fb0u5s5vjgd21.png?width=1286&format=png&auto=webp&s=a0a5bdbcac3679c9035f54aa53c7fb97c3fefc26
without adblock

https://preview.redd.it/pat5hntvjgd21.png?width=1294&format=png&auto=webp&s=1c3ddab83ca851c057c85ccdd31b46cd47a0690b
with adblock
5. Cloud synchronization
If you login, Cloudopt Adblocker will support syncing configurations such as settings, allow list and deny list, with the cloud.
6. Security tips
There always are new phishing websites, event the reputation assessment cannot completely distinguish them. When you are visiting E-commerce, bank, game websites, Cloudopt Adblocker will pop tips respectively when it's safe, and when there's not the tips, you should be careful of the site.

https://preview.redd.it/hc75xqpwjgd21.png?width=1312&format=png&auto=webp&s=0e4e6a3f51c49f932ae084e2cc8bc771ceddfc0e
screen shot of security tips
7. bookmark searching
Sometimes we don't feel like to lookup for a bookmark, but rather to search for it. Cloudopt Adblocker pleasents you the bookmark searching function. When you input a keyword to a search engine, the matching bookmarks will be displayed. Google, Bing, Baidu and Navers are supported.

8. Full SSL encryption
Cloudopt Adblocker utilizes cloud technologies to provide better security protection, so it needs to connect to the Cloudopt Security Center. And to protect your data from being leaked even in an unsecured network, the connections will all be encrypted in SSL, and we passed the Qualys SSL Labs' A+ certification.

9. The Secure Keyboard

https://preview.redd.it/iq01epgzjgd21.png?width=740&format=png&auto=webp&s=a314365eb8d6c71fea046d3e1c4db6cffcb065a7
screen shots of secure keyboard
The secure keyboard automatically pops up when you need to input a password, to protect you from attacks by keyboard recording malwares. Qwerty and Workman keyboard layouts are supported, to fit normal and geek users’ need.
10. Browsing Accelerating

https://preview.redd.it/yl473xyzjgd21.png?width=817&format=png&auto=webp&s=522078c63870f636bb8a2e8f4a2d2254a68019a8
11. Comparing to similar extensions
- Cloudopt Adblocker could be the best designed extension of its kind, Material Design makes it perfectly fit to you browser
- Cloudopt Adblocker with its unique cloud reputation assessment system, can effectively protect you from malicious or phishing attacks
- Cloudopt Adblocker utilizes CDNs in most countries to provide steady adblock service
- The Cloudopt team provides 7×24 hour multi-channel customer service, you can contact by Wechet, QQ group, Whatsapp, online chat-room, support email and Twitter
- The only one browser extension that integrates cloud security, adblocking and web acceleration.
- Really lightweight (1MB only), installs in seconds
How to get it
For normal users
If you are a normal user, you just need to visit the Cloudopt official website (https://www.cloudopt.net)to download the extension version of your browser.
For help and suggestions
Cloudopt Help Center: https://www.cloudopt.net/support#help or just click the "Need Help?" in the bottom right corner to chat!
Cloudopt Adblocker is still being improved, when you get amazing ideas, feel free to contact us!

INSTALL NOW
submitted by tbaby888 to browser [link] [comments]

We are underestimating the people behind Btrash *Tinfoil Hats required*

Hello Fellow Redditors. I'm a Bitcoin Maximalist, I spent a few years living in China, and I think we are underestimating the people behind Btrash (Maybe the bot won't delete this) The following has been composed of personal knowledge and interesting conversations with crypto friends.
Most Bitcoin maximalists today look at the people behind It - Roger, Jihan, Fake Satoshi, Haipo Yang, Amori Sachet, etc, and call them crazy (Roger), Jihan is a joke because he doesn't speak English as well as you do and makes hilarious tweets, and Fake satoshi, well okay, he is a joke. Their github has 11 contributors, they fucked up the difficulty adjustment after the fork, and now even the mempools are filling up, on-chain scaling right? it all seems like a joke, not to be taken seriously, "trump-esque" if you'd like.
Let's add to the mix that it's is completely centralized, fully controlled by the miners. They can do whatever they want, hard forks, developments, experiments, and version updates.
Currently, the "technological advantages' are
“There is no greater danger than underestimating your opponent.” - Lao Tzu
Here is something that's noteworthy.
Fake Satoshi is the CIO of Nchain, a Canadian/Uk based company with 70+developers that has been working on (according to their website):
They have been working on Bitcoin on-chain scaling, smart contracts, and open source protocols for ~two years! (Smart contracts! on Bitcoin!) do you think they don't have anything to show for it? They do, and whatever they've developed will have no issues or resistance when it comes to implementation because like we mentioned earlier there are no governance and or consensus issues.
And here is where it gets interesting
This is the time to wear your tinfoil hats
Living in China made me understand what a totalitarian regime is, and while I think that in the grand scheme of things the government is doing great things for the people of China (Healthcare, poverty, education.. etc), nothing goes under their radar. In specific a multi-billion dollar company called Bitmain, multi-million dollar mining farms and pools, and the realization that Bitcoin is going to change the world and financial world in specific. Alibaba, Tencent, and Baidu will not be what they are unless they were allowed and sanctioned by the Chinese government. We can safely assume that Jihan has been in contact with government officials. A few Baijiu (Chinese Alcohol) dinners, maybe they invited a Laowai (roger) who will probably be liked in China if he could shut up. Now, what is China doing? They're outlawing Mining?? A stab in the back of Jihan and Haipo, they are going to have to move their mining farms outside of China, them and everyone else. The immediate result of this is a drop in GPU hash rate for both coins. Which one is better suited to handle spikes and dips in Hashrate? Bitcoin takes two weeks to recover while the other is functional, Nchain and fake satoshi implement whatever they've been working on, Turing complete contracts/Schnorr Signatures/sharding, who knows? but if Nchain has developed whatever is necessary to be technologically superior, well we might be in a pickle.

Anyway fellow Redditors, this is all speculation, glad to be corrected and hear more thoughts and opinions about this.

May we all Lambo and not fiat.
submitted by Bakedbrains to Bitcoin [link] [comments]

Crypto Daily News Update 6/13

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

1st Round AMA Answers!

Based on the volume of questions from the East and West, we have compiled them all here. We also want to make sure the community has a chance to see all of the answers in a neat and orderly presentation.
 
Reddit 1st AMA Answers
What do you mean by “side chains”? Will the Hcash main chain run parallel with other chains, or are other chains plugged in based on certain block numbers? My question is based around the vertical and parallel scalability I see with EOS. What is the interaction with the side chains? Is this faster than vertical scaling?
Side chains will run parallel and be interoperable with the main chain. Side chains allow for new, more efficient, consensus mechanisms as well as smart contract functionality. Eventually other major blockchains will be interoperable with Hcash, through side chains and relays, DAG EVM for ETH, and other “Layer 2” solutions (Lightning Network for BTC and BTC forked code). Side chains allow for different scalability methods, flexibility and accessibility.
Is quantum resistance to protect against hacking, or against “fast mining” (preventing inequality between PoW miners)? How is it possible to guarantee quantum resistance? Isn’t our understanding of quantum computing just based on theories since quantum computers are not fully functional yet?
Quantum resistance is the protection against attacks made by quantum computers, which is currently contrasted by what we know about classical computers. Quantum computers weaken the security assumptions of certain types of cryptography, including ECDSA. If ECDSA were broken, attackers could steal balances in addresses that have made previous spends because the ECDSA public key for the address is revealed to the blockchain. Addresses with unexposed ECDSA keys will be resistant to this type of attack, as they are secured by RIPEMD160 and their ECDSA keys have not been revealed. Quantum resistance does not mean quantum proof. Quantum resistance means that quantum-based attacks do not have a significant advantage over the computers we have today. Based on what we currently know, our signature scheme is quantum resistant. No one knows what the future holds which is why it is important to always continue research and development into quantum resistant cryptography.
What do you mean by “exchange of value and valuable information”? Is this the exchange of coins and smart contracts?
The “value” you are referring is not derived from our current understanding of value (fiat). The “true value” that blockchain systems hold is stored in the hashes themselves. Data and information is king.
Imagine that in 2 years, a kid walks up to you and asks, “What do you do and how does it help society?”
We are one of many projects that helped build a more secure web of connected devices, and revolutionized peoples’ opinion on value and what really matters.
An uninformed businessman who has no understanding of blockchain, but has heard Bitcoin approaches you. How do you explain your product and the benefits to him so that he remembers to give you a call the next day?
Tell him to do his research on blockchain first before selling him on some grand idea. Smart investors grow a stable smart economy, not dumb money.
After reviewing the Hcash source code on GitHub https://github.com/HcashOrg/hcashd, I've found that almost all the Hcash main chain code has been written by SJTU (Shanghai Jiao Tong University), for example https://github.com/sammy00 https://github.com/yczhangsjtu. What have other contributors, such as the Nucleus Team, done for Hcash?
Shanghai Jiao Tong University’s Lab of Cryptography and Computer Security is the primary contributor to the main chain code. It is no small feat to have the 4th best university in China working on this project. The Nucleus Team is working with them to finish main chain testing. After the main chain launch, the Nucleus team will focus on the future development for Hcash including our side DAG EVM and main chain Lightning interoperability.
The main chain public repo hasn’t been updated very frequently.
Please refer to our new GitHub. The frequency of updates will increase as we approach/ pass the main chain launch.
When will the swap from Hshares to Hcash take place?
The swap to the main chain will take place after the main chain launch mid-February. Announcements will be made as to how and where you can swap your Hshares for Hcash.
What is the exact date of main chain launch?
The main chain launch will take place mid-February. We are aiming for release on February 15th.
Will you provide interoperability for all the existing blockchains?
We hope to provide interoperability for all blockchains in the future. That is a lot of work though. We will start with the larger chains that have healthy development and community sizes first. To make this easier, we plan to provide a back-end solution for new blockchains to make this process easier.
Will the interoperability between the blockchains support both transfer of data and transfer of value?
Yes
What is a block-less blockchain? Is this a traditional distributed system?
A block-less blockchain accomplishes the same goals as a traditional blockchain by using consensus to determine the order of transactions. A block-less blockchain, such as a DAG, allows for faster consensus without traditional block size requirements. Faster consensus means higher throughput.
How will Hcash bridge block-less and traditional blockchains?
Through relays between our main chain and side DAG. A more technical analysis will be available in our upcoming yellow paper.
What signature scheme will you use to achieve quantum resistance? Why?
Hcash is using the BLISS signature scheme. Hcash’s version of BLISS has been hardened to mitigate side channel attacks. BLISS was chosen for its efficient key and signature size.
Provide an overview as to how inoperability will be achieved.
We will be using relays to Hashed Timelock Contracts for Lightning Network interop on our main chain, relays and colored coins that operate with our DAG EVM, bridges to side chains for more uncommon chains, and back-end protocols for newer blockchains.
Specifically, what is the theory behind Hcash’s interoperability?
This answer would be longer than the entire AMA. Unfortunately, the specifics will have to wait until the yellow paper release. In the meantime, I would read the Lightning Network whitepaper because it is an excellent source of information. You could also research BTC relays and EVMs.
What is the timeline for interoperability? Will this be the main focus of Hcash? When can be expect an Alpha version?
We will be updating the roadmap in Q2. Interop timeframes will be easier to gauge after the main chain release. There are quite a few ideas around what we would like to tackle next, whether it would be assisting other projects on Lightning Network development, the DAG EVM implementation, or possibly both at the same time.
How will swap values be calculated when switching between blockchains? Is it based on the current market value?
Yes, it would be based on the current, real time market value.
Will you update the whitepaper to include a comprehensive overview of interoperability, its theory and its exchange functions?
In the coming months we plan to do an update on the white paper. The technical analysis will be provided in our yellow paper. These will be detailed in the updated roadmap to be released after the main chain launch.
Can you explain who will use the Hcash? I am trying to figure out where the supply and demand will come from.
Our target audience is everyone, from people playing mobile games to supporting business and government logic. The supply and demand will come with the need to transfer more and more data across multiple platforms. As for the economic model, this has not been outlined yet. We will be exploring all methods that fall in line with creating smart economies, including 2 token models.
Will you be hiring an advertising team?
We are already expanding Western marketing, primarily in the US. More focus on this will come soon after the main chain.
What are ring signatures in cryptography? How do they work?
At this time, we are exploring more efficient transaction schemes, such as bulletproofs. Bulletproofs can reduce the computational power needed for privatized/ anonymous transactions.
Most of us understand the interoperability of the network. What is a specific use case for Hcash? What role will Hcash have in the network? What makes it a requirement for interoperability? If someone has Bitcoin and wants to convert it to Ethereum using Hcash’s network wallet, is Hcash used as a fee for that conversion?
Here is an analogy. You walk into an arcade with 20 different machines. Each of these machines takes a different token, but you only have coins that operate with one of these machines. This would be the type of solution we hope to provide. Fees can be paid with Hcash. In the future we can explore taking fees in other denominations as well. More of this would be explained in detail with our yellow paper and economic model.
 
Baidu 1st AMA Answers
What specific date will the main chain go online?
Main chain release is mid-February, but we are aiming for launch on February 15th.
Are you willing to divulge how many apps you have in development for the Hcash main chain?
The primary focus right now is to improve the stability of the Hcash main chain. This will ensure successful launches in the future for developers on our side DAG EVM.
What is the Martian’s current relationship to Hcash? Is he still part of its team?
The Hcash team is currently located on Earth. The last I heard the Martian was returning to Mars.
Will the main chain go up according to schedule? Are there any problems with Hcash? The specialist sales team was made up of shareholders/ investors, right?
Provided no unforeseen circumstances, we are on schedule for the main chain release. There are roadblocks and disconnects with every project. This is a new world of technology we are exploring. I think the team you may be referring to is the Hcash Foundation themselves. A lot of the Western marketing and development is being handled by the Nucleus Team.
Is the code on GitHub all original? Are all developments executed on GitHub? Why is there so little original code? There are so few modifications. I also noticed there are remarkably few references to the code. Most of them are from documents that have been updated.
Many engineers have worked to contribute to the blockchain community over the years. We are taking advantage of the hard work and research that has been done while also making our own meaningful contributions for others to use in their code. It is important to acknowledge the contributions of others. The work completed by Decred in particular has allowed us to grow. Now we will have our chance to contribute back to them and others with our post quantum signature scheme and NG implementation. There are advantages of having similar projects that people don’t realize. For example, after our main chain launch we can explore assisting with development on the Lightning Network. As for GitHub, you will see activity increase when the main chain launches.
What is scope of the Hcash R&D team?
To assess, research and develop cutting edge decentralized consensus mechanisms and applications.
Hcash is currently collaborating with three universities. Shanghai Jiao Tong University has been working on the main chain quantum resistance. What are the main responsibilities of the other two universities?
Building blockchain technology is a group effort. The other teams have also been researching other options for main chains, smart contracts etc. For example, Dr. Joseph Liu from Monash University is working on ring signature schemes to continue our research and development into privatized transactions. We are looking forward to taking the best efforts of all teams and bringing them to the blockchain communities at large, starting with the post quantum implementation from LoCCS at Shanghai Jiao Tong University.
The Westerners working on Hcash don't seem very enthusiastic. They aren't following a lot of people on Twitter. Does the team have any clearer plans for increasing publicity?
The Westerners are primarily focused on the technology, development, and creating more content. The community management will be increasing transparency and activity in time. More Western marketing can be done after the launch of the main chain.
Are there plans to get onto more exchanges such as Bittrex?
When moon? We are constantly considering all options to allow users to access Hcash. Currently we are listed amongst some of the top exchanges like Binance and growing exchanges like KuCoin.
When will quantum resistant technology be implemented into Hcash? Where can we follow the developments being made and is there anywhere we can go to participate in the project?
Quantum resistant technology is available now on GitHub at https://github.com/HcashOrg/hcashd and will be available for use outside of the testing environment when the main chain launches in the middle of February.
Where do you download the wallet? How do you mine?
The wallet for the new main chain can be found on GitHub at https://github.com/HcashOrg/hcashwallet. You can mine on the new main chain by joining a pool or using the hcashd node to solo-mine.
When will Hshares swap Hcash? Can you announce a general time?
Hshares can be redeemed for Hcash after the main chain launches in the middle of February. Announcements will be made regarding how and where to swap your Hshares for Hcash.
Will there be an address mapping when Hshares swaps to Hcash like there was with EOS? What other kind of mechanism will be used for the coin swap?
A snapshot of Hshares will be included in the Genesis (first) block of Hcash’s launch to allow users to convert their Hshares into Hcash. An announcement will be made as to how, when and where conversions will take place.
When will the main chain that can support smart contracts go online? When will tokenization for Hcash take place?
Smart contract functionality will be available when our side DAG launches. Users, businesses and developers will be able to build dApps, launch tokens and more. We are making sure the main chain is a stable foundation before adding our DAG to the Hcash ecosystem.
There aren't many updates on GitHub and there aren’t many contributors. What kind of coordination is going on with the development team?
Both the Nucleus Team and members of Shanghai Jiao Tong University LoCCS are working together to finalize testing. Updates are being made to our GitHub at https://github.com/HcashOrg/hcashd.
Based on what I've been reading, Shanghai Jiao Tong University is mainly responsible for the main chain portion of the project. How is their team doing? How many research students in their labs are helping them?
Shanghai Jiao Tong is responsible for building and launching the new main chain. Their team there has been doing a great job with research and development and we look forward to seeing more of their work. The Nucleus Team is currently working with them to finish testing. After testing, the Nucleus team will focus on the future development of the project including our side DAG. I do not know the size of their team as we have not visited their lab.
Can you confirm that the main chain will finally go up in mid-February? Is it just a hypothetical date and then a further delay?
The primary responsibility is to make sure the main chain is stable and secure so that it can be used as the foundation to add other important features to the Hcash ecosystem, like smart contracts and hidden transactions. Everyone is working very hard to hit the target release date of mid-February. We are planning on mid-February for the launch unless anything unexpected comes up.
What is the status of these interoperability features? When is the main chain going online?
Main chain will be released mid-February. The interoperability features depend on the stability of the network. Our side DAG EVM will be the quickest addition to the Hcash ecosystem that will allow for ETH interoperability. Lightning Network on the main chain will require further research and development.
Won’t zero knowledge proofs conflict with the system’s throughput?
We are currently working on more uncommon implementations of zero proof knowledge, such as bulletproofs that allow for efficient transaction speeds. We can also achieve higher throughput with our side DAG.
 
Thank you to everyone who participated! Round 2 of our AMA session leading up to the launch of the main chain will be announced shortly 😊
submitted by Mr_Handsome_Nucleus to hcash [link] [comments]

Guys, we may have an issue coming up soon. Forced mining heart attack?

Assumption1: 60 - 70% of bitcoin mining occurs in China, distributed under seperate (each < 51%) names, but under one controlling China gov Assumption2: China gov is going to act in their own self interest and not necessarily as a rational actor
Facts: Recently Baidu pulled advertising for bitcoin and other cryptocurrencies China gov has spoken about bitcoin in the past and is aware of the technology and the potential China gov is motivated to stop capital flight/movement out of china
Theory: China gov is going to create and launch its own crypto currency (lets call it chinacoin) China gov, using ability to control the actions of miners, will overnight make bitcoin mining illegal, and simultaneously encourage miners to point their hashing power at chinacoin (new coin, high rewards etc) They will do this just after a bitcoin difficulty adjustment. The bitcoin network cant adjust to the new low hash state until the high difficulty 2016 blocks have passed, possibly taking months until the next lower adjustment is found
Effects: During the outage time, bitcoin blocks will fill more than usual, hosts will have an issue with mempools, any transactions relying on multiple block confirmation will take much longer or not at all, a mass exodus will cause blocks to fill more creating more pressure. Bitcoin is effectively unusable and down, confidence in the protocol will be significantly lost
Chinacoin is here, controlled by China gov Advertising on China websites of new chinacoin Development of cryptocurrencies in other countries (rest of world) lessens due to lack of confidence
Advantages for China gov: No/reduced capital flight issues Control of all mining is within China (not external gov) Development of cryptocurrencies actively encouraged under China gov control (consider this a developmental head start on the rest of the world)
submitted by PetCollector to Bitcoin [link] [comments]

01-16 18:23 - 'How BCash, with the help of China, Are trying to take over Bitcoin *Tinfoil hats are required to read this post*' (self.Bitcoin) by /u/Bakedbrains removed from /r/Bitcoin within 0-6min

'''
Hello Fellow Redditors. I'm a Bitcoin Maximalist, I spent a few years living in China, and I think we are underestimating the people behind Bcash. The following has been composed of personal knowledge and interesting conversations with crypto friends.

*Feel free to correct my English :)

Most Bitcoin maximalists today look at the people behind Bcash - Roger, Jihan, Fake Satoshi, Haipo Yang, Amori Sachet, etc, and call them crazy (Roger), Jihan is a joke because he doesn't speak English as well as you do and makes hilarious tweets, and Fake satoshi, well okay, he is a joke. Bitcoin ABC github has 11 contributors, they fucked up the difficulty adjustment after the fork, and now even Bcash memepools are filling up, on-chain scaling right? it all seems like a joke, not to be taken seriously, "trump-esque" if you'd like.
Lets add to the mix that Bcash is completely centralized, an altcoin which is fully controlled by the miners. They can do whatever they want, hard forks, developments, experiments, and version updates.
Currently, Bitcoin cash's "technological advantages' are
* Bigger Blocks * Difficulty adjustment algorithm, better able to handle spikes and dips in Hashrate - lots to read on /Btc and /Bitcoincash 
[link]1

[link]2

“There is no greater danger than underestimating your opponent.” - Lao Tzu
Here is something that's noteworthy. Fake Satoshi is the CIO of nchain.com, a Canadian/Uk based company with 70+developers that has been working on (according to their website):
* Enabling on-chain scaling without degrading the benefits of decentralization * Advanced native scripting for the construction of smart contracts; * Open source protocols. 

They have been working on Bitcoin on-chain scaling, smart contracts, and open source protocols for ~two years! (Smart contracts! on Bitcoin!) do you think they don't have anything to show for it? They do, and whatever they've developed will have no issues or resistance when it comes to implementation because like we mentioned earlier there are no governance and or consensus issues with Bcash

And here is where it gets interesting, This is the time to wear your tinfoil hats. (This is PURE speculation) Living in China made me understand what a totalitarian regime is, and while I think that in the grand scheme of things the government is doing great things for the people of China (Healthcare, poverty, education.. etc), nothing goes under their radar. In specific a multi-billion dollar company called Bitmain, multi-million dollar mining farms and pools, and the realization that Bitcoin is going to change the world and financial world in specific. Alibaba, Tencent, and Baidu will not be what they are unless they were allowed and sanctioned by the Chinese government. We can safely assume that Jihan has been in contact with government officials. A few Baijiu (Chinese Alcohol) dinners, maybe they invited a Laowai (roger) who will probably be liked in China if he could shut up. Now, what is China doing? They're outlawing Mining?? A stab in the back of Jihan and Haipo, they are going to have to move their mining farms outside of China, them and everyone else. The immediate result of this happening is a drop of GPU hash rate for Bitcoin and Bitcoin Cash. As mentioned above, Bcash is better suited to handle spikes and dips in Hashrate. Bitcoin takes two weeks to recover while Bcash is functional, Nchain and fake satoshi implement whatever they've been working on, Turing complete contracts/Schnorr Signatures/sharding, who knows? but if Nchain has developed whatever is necessary to be technologically superior, well we might be in a pickle.

Anyway fellow Redditors, this is all speculation, glad to be corrected and hear more thoughts and opinions about this.

May we all Lambo and not fiat.
'''
How BCash, with the help of China, Are trying to take over Bitcoin Tinfoil hats are required to read this post
Go1dfish undelete link
unreddit undelete link
Author: Bakedbrains
1: https://www.reddit.com/Bitcoincash/comments/7d5tmd/bitcoin_cash_is_stabilizing_the_difficulty/ 2: https://www.reddit.com/Bitcoincash/comments/7cnr5g/bitcoin_cash_new_difficulty_adjustment_algorithm/
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] How Bcash, with the help of the Chinese gov, are trying to take over Bitcoin *Tinfoil hats are ne...

The following post by Bakedbrains is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7qzn6s
The original post's content was as follows:
Hello Fellow Redditors. I'm a Bitcoin Maximalist, I spent a few years living in China, and I think we are underestimating the people behind Bcash. The following has been composed of personal knowledge and interesting conversations with crypto friends. Oh and feel free to correct my English
Most Bitcoin maximalists today look at the people behind Bcash - Roger, Jihan, Fake Satoshi, Haipo Yang, Amori Sachet, etc, and call them crazy (Roger), Jihan is a joke because he doesn't speak English as well as you do and makes hilarious tweets, and Fake satoshi, well okay, he is a joke. Bitcoin ABC github has 11 contributors, they fucked up the difficulty adjustment after the fork, and now even Bcash memepools are filling up, on-chain scaling right? it all seems like a joke, not to be taken seriously, "trump-esque" if you'd like.
Let's add to the mix that Bcash is completely centralized, an altcoin which is fully controlled by the miners. They can do whatever they want, hard forks, developments, experiments, and version updates.
Currently, Bcash's "technological advantages' are
  • Bigger Blocks
  • Difficulty adjustment algorithm, better able to handle spikes and dips in Hashrate - lots to read on /Btc and /Bitcoincash
“There is no greater danger than underestimating your opponent.” - Lao Tzu
Here is something that's noteworthy.
Fake Satoshi is the CIO of Nchain, a Canadian/Uk based company with 70+developers that has been working on (according to their website):
  • Enabling on-chain scaling without degrading the benefits of decentralization
  • Advanced native scripting for the construction of smart contracts;
  • Open source protocols.
They have been working on Bitcoin on-chain scaling, smart contracts, and open source protocols for ~two years! (Smart contracts! on Bitcoin!) do you think they don't have anything to show for it? They do, and whatever they've developed will have no issues or resistance when it comes to implementation because like we mentioned earlier there are no governance and or consensus issues with Bcash
And here is where it gets interesting
This is the time to wear your tinfoil hats
Living in China made me understand what a totalitarian regime is, and while I think that in the grand scheme of things the government is doing great things for the people of China (Healthcare, poverty, education.. etc), nothing goes under their radar. In specific a multi-billion dollar company called Bitmain, multi-million dollar mining farms and pools, and the realization that Bitcoin is going to change the world and financial world in specific. Alibaba, Tencent, and Baidu will not be what they are unless they were allowed and sanctioned by the Chinese government. We can safely assume that Jihan has been in contact with government officials. A few Baijiu (Chinese Alcohol) dinners, maybe they invited a Laowai (roger) who will probably be liked in China if he could shut up. Now, what is China doing? They're outlawing Mining?? A stab in the back of Jihan and Haipo, they are going to have to move their mining farms outside of China, them and everyone else. The immediate result of this happening is a drop of GPU hash rate for Bitcoin and BCash. As mentioned above, Bcash is better suited to handle spikes and dips in Hashrate. Bitcoin takes more than two weeks to recover while Bcash is functional, Nchain and fake satoshi implement whatever they've been working on, Turing complete contracts/Schnorr Signatures/sharding, who knows? but if Nchain has developed whatever is necessary to be technologically superior, well we might be in a pickle.
Anyway fellow Redditors, this is all speculation, glad to be corrected and hear more thoughts and opinions about this. May we all Lambo and not fiat.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

01-17 01:43 - 'How BCash, with the help of China, Are trying to take over Bitcoin *Tinfoil hats are required to read this post*' (self.Bitcoin) by /u/Bakedbrains removed from /r/Bitcoin within 436-446min

'''
Hello Fellow Redditors. I'm a Bitcoin Maximalist, I spent a few years living in China, and I think we are underestimating the people behind Bcash. The following has been composed of personal knowledge and interesting conversations with crypto friends. Oh and feel free to correct my English
Most Bitcoin maximalists today look at the people behind Bcash - Roger, Jihan, Fake Satoshi, Haipo Yang, Amori Sachet, etc, and call them crazy (Roger), Jihan is a joke because he doesn't speak English as well as you do and makes hilarious tweets, and Fake satoshi, well okay, he is a joke. Bitcoin ABC github has 11 contributors, they fucked up the difficulty adjustment after the fork, and now even Bcash memepools are filling up, on-chain scaling right? it all seems like a joke, not to be taken seriously, "trump-esque" if you'd like.
Let's add to the mix that Bcash is completely centralized, an altcoin which is fully controlled by the miners. They can do whatever they want, hard forks, developments, experiments, and version updates.
Currently, Bitcoin cash's "technological advantages' are
“There is no greater danger than underestimating your opponent.” - Lao Tzu
Here is something that's noteworthy.
Fake Satoshi is the CIO of [Nchain]1 , a Canadian/Uk based company with 70+developers that has been working on (according to their website):
They have been working on Bitcoin on-chain scaling, smart contracts, and open source protocols for ~two years! (Smart contracts! on Bitcoin!) do you think they don't have anything to show for it? They do, and whatever they've developed will have no issues or resistance when it comes to implementation because like we mentioned earlier there are no governance and or consensus issues with Bcash
And here is where it gets interesting
This is the time to wear your tinfoil hats
Living in China made me understand what a totalitarian regime is, and while I think that in the grand scheme of things the government is doing great things for the people of China (Healthcare, poverty, education.. etc), nothing goes under their radar. In specific a multi-billion dollar company called Bitmain, multi-million dollar mining farms and pools, and the realization that Bitcoin is going to change the world and financial world in specific. Alibaba, Tencent, and Baidu will not be what they are unless they were allowed and sanctioned by the Chinese government. We can safely assume that Jihan has been in contact with government officials. A few Baijiu (Chinese Alcohol) dinners, maybe they invited a Laowai (roger) who will probably be liked in China if he could shut up. Now, what is China doing? They're outlawing Mining?? A stab in the back of Jihan and Haipo, they are going to have to move their mining farms outside of China, them and everyone else. The immediate result of this happening is a drop of GPU hash rate for Bitcoin and Bitcoin Cash. As mentioned above, Bcash is better suited to handle spikes and dips in Hashrate. Bitcoin takes two weeks to recover while Bcash is functional, Nchain and fake satoshi implement whatever they've been working on, Turing complete contracts/Schnorr Signatures/sharding, who knows? but if Nchain has developed whatever is necessary to be technologically superior, well we might be in a pickle.

Anyway fellow Redditors, this is all speculation, glad to be corrected and hear more thoughts and opinions about this.

May we all Lambo and not fiat.
'''
How BCash, with the help of China, Are trying to take over Bitcoin Tinfoil hats are required to read this post
Go1dfish undelete link
unreddit undelete link
Author: Bakedbrains
1: nc*ai*.com
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] How BCash, with the help of China, Are trying to take over Bitcoin *Tinfoil hats are required to ...

The following post by Bakedbrains is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7qu9mm
The original post's content was as follows:
Hello Fellow Redditors. I'm a Bitcoin Maximalist, I spent a few years living in China, and I think we are underestimating the people behind Bcash. The following has been composed of personal knowledge and interesting conversations with crypto friends.

*Feel free to correct my English :)

Most Bitcoin maximalists today look at the people behind Bcash - Roger, Jihan, Fake Satoshi, Haipo Yang, Amori Sachet, etc, and call them crazy (Roger), Jihan is a joke because he doesn't speak English as well as you do and makes hilarious tweets, and Fake satoshi, well okay, he is a joke. Bitcoin ABC github has 11 contributors, they fucked up the difficulty adjustment after the fork, and now even Bcash memepools are filling up, on-chain scaling right? it all seems like a joke, not to be taken seriously, "trump-esque" if you'd like.
Lets add to the mix that Bcash is completely centralized, an altcoin which is fully controlled by the miners. They can do whatever they want, hard forks, developments, experiments, and version updates.
Currently, Bitcoin cash's "technological advantages' are
* Bigger Blocks * Difficulty adjustment algorithm, better able to handle spikes and dips in Hashrate - lots to read on /Btc and /Bitcoincash 
https://www.reddit.com/Bitcoincash/comments/7d5tmd/bitcoin_cash_is_stabilizing_the_difficulty/

https://www.reddit.com/Bitcoincash/comments/7cnr5g/bitcoin_cash_new_difficulty_adjustment_algorithm/

“There is no greater danger than underestimating your opponent.” - Lao Tzu
Here is something that's noteworthy. Fake Satoshi is the CIO of nchain.com, a Canadian/Uk based company with 70+developers that has been working on (according to their website):
* Enabling on-chain scaling without degrading the benefits of decentralization * Advanced native scripting for the construction of smart contracts; * Open source protocols. 

They have been working on Bitcoin on-chain scaling, smart contracts, and open source protocols for ~two years! (Smart contracts! on Bitcoin!) do you think they don't have anything to show for it? They do, and whatever they've developed will have no issues or resistance when it comes to implementation because like we mentioned earlier there are no governance and or consensus issues with Bcash

And here is where it gets interesting, This is the time to wear your tinfoil hats. (This is PURE speculation) Living in China made me understand what a totalitarian regime is, and while I think that in the grand scheme of things the government is doing great things for the people of China (Healthcare, poverty, education.. etc), nothing goes under their radar. In specific a multi-billion dollar company called Bitmain, multi-million dollar mining farms and pools, and the realization that Bitcoin is going to change the world and financial world in specific. Alibaba, Tencent, and Baidu will not be what they are unless they were allowed and sanctioned by the Chinese government. We can safely assume that Jihan has been in contact with government officials. A few Baijiu (Chinese Alcohol) dinners, maybe they invited a Laowai (roger) who will probably be liked in China if he could shut up. Now, what is China doing? They're outlawing Mining?? A stab in the back of Jihan and Haipo, they are going to have to move their mining farms outside of China, them and everyone else. The immediate result of this happening is a drop of GPU hash rate for Bitcoin and Bitcoin Cash. As mentioned above, Bcash is better suited to handle spikes and dips in Hashrate. Bitcoin takes two weeks to recover while Bcash is functional, Nchain and fake satoshi implement whatever they've been working on, Turing complete contracts/Schnorr Signatures/sharding, who knows? but if Nchain has developed whatever is necessary to be technologically superior, well we might be in a pickle.

Anyway fellow Redditors, this is all speculation, glad to be corrected and hear more thoughts and opinions about this.

May we all Lambo and not fiat.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

post by a Chinese citizen on how the China rally started and how it's likely to be in the future (dated October 2013)

https://bitcointalk.org/index.php?topic=315380.0;all
reposted from thread dated 10/21/13, price was $190 on mtgox :
"These reports suggests that the adoption by Baidu is a signal that the big vendors are accepting bitccoin - consider the close tie between baidu and central government, that the government may be interested too. It is like saying Microsoft or Facebook started to accept bitcoin. That tapped on the emotion and BTC rose.
I think the big vendors are no way closer to accepting bitcoin in the last week than any weeks before. It is indeed a small change, and signals nothing from big vendors nor the central government at all.
Chinese information technology vendors, including the big ones, in general prefer the studio model. A big company is devided into multiple studios, some companys have 100 studios. They each compete against each other. They compete on revenue and profit, within the embralla of a same company. Each studio find their own ways of making profit, and enjoy freedom of decision as long as they are making money. The mother company acts like a referee, dismissing unprofitable studios and buying out (admitting) small competitors to form new studios; the mother company also act as a protector, backing the studios with tremendous PR and governmental relationship power in case their competitor choose to fight on a different level (which also happens). This fast-proliferating fast-evoluting style isn't very co-ordinated, but it is effective because in general in China our culture emphasize competition, and we like to compete and win and we work the best if competition is physically next door. If instead big vendors are organized like Microsoft to co-operate and create huge products (Windows 7) in 5-year span, the youngsters wouldn't stay on their edge - they need quick confirmation whether they are wining or not - they work very hard but doesn't have much patience. Skipping between studios is frequent, the fast-growing studios get more resource and people.
The recent acceptance of bitcoin is likely a decision of a single stuidio in the embralla of baidu, perhaps trying to beat other studios of the same company. Baidu HQs speaksman said nothing about bitcoin in the whole year. How Baidu HQs treats the move is unkown, and they probably don't have an attitude, for it (bitcoin) is trivial compare to the huge online information market they are already on. News interview suggests this is a decision of an individual studio: "We always try to satisfy the webmasters, so when they want to pay with bitcoin, we accept them". Notice the interviewee said 'webmasters', that's the customers of this studio, not Baidu in whole, and he speaks for his own studio.
Also take notice the customer of this studio (jiasule.baidu.com), the webmasters, happen to be the major group of bitcoin miners in China.
So why such a small piece of news that indicates nothing for sure, stirs up such a rally? More important than the news itself it says Chinese investors are desperately looking for a reason to rally. They perhaps expected bitcoin to be above 1000¥ for a long time, now they only need a slight upward vibrate to rally. And they have a good reason to hope for a rally, for they bought huge amount of mining equipments in anticipation of raise of bitcoin value.
My reading of the event is, that Chinese investors are anticipating a rally for a long time, thus it won't cool down in just a few days. However they are speculating, not having much faith in sustanibility of bitcoin and may be frighten away by small bad news within China. They are less sensitive to western news like silkroad.
In China we have highly centralized political power. The chance Chinese government allows bitcoin on the markets (when it calls their attention) is like the chance U.S. government raise debt in BTC. The big vendors foresee it and shouldn't be interested. Besides we have a monoplay business atomosphere in China (every player are greedy, wants to win and take all), and you don't monoplay bitcoin. I see no reason Baidu being interested to include bitcoin into their development strategy. Small vendors are much more likely to be interested in btc.
(OP is a Chinese citizen in Beijing)" .
If Chinese government pays attention to bitcoin, it would act the same way they do towards shadow banking: fine those involved in bitcoin yet backed by government, and prosecute the entities without gvernment backing (even execute a few, like the unlucky millionaire Wu Ying last year and Zeng Chengjie this year). The charge will be as usual: illegal fund-raising.
Right now there are two points that needs to be considered on understaind Chinese behaviour:
  1. Chinese traders speculate. Few believed in a non-governmental currency taking root, as few believed anything significant yet non-governmental can take root. This translate to a huge bear market when Chinese government acts.
  2. The atomsphere in China is like the roaring twenties which I read from books. Everyone feels like they are ready to make a big fortune. This can translates to potential huge bulls.
My two cents.
. .
https://bitcointalk.org/index.php?topic=315380.msg3377991#msg3377991
So it is not the question whether bitcoin can be regulated, but whether bitcoin can obey. Bitcoin trading can be regulated but bitcoin itself bends to no one - which begets the question whether or not it will be allowed to live.
On the other hand, if Bitcoin becomes so significant that the government has to make a decision, and they decided to let it live, the acceptance of bitcoin will have no consumer psychological barrier, because, as you said, we are pretty familiar with virtual currencies.
. .
My personal opinion is that China is in not going to have a robust bitcoin economy anywhere in the medium or long term future.
  1. China currently has a $50k USD restrictions on the amount of money its citizens can take out of the country. Bitcoin with its anonymous nature can easily by pass these restrictions. yeah i know there's AML/ KYC rules set up for BTCchina now but i know that if btc becomes a widely circulated "commodity" in exchange for services and goods that it will be easier to launder and hide illicit gains in bitcoin than it would be to hide them yuan. http://www.china-briefing.com/news/2011/11/11/getting-cash-money-rmb-out-of-china.html
  2. if citizens in China start using btc as a "commodity" in exchange for services and goods that would threaten the stability of the chinese yuan. it certainly would not raise the value of the yuan. i don't see how the chinese govt would encourage this to happen.
  3. the Chinese banks are banned from offering services/goods in bitcoin. that was NOT a good sign. it certainly wont make it easier to start bitcoin related businesses in china. Baidu/China Telecom's immediate removal of btc as a payment option following the offical govt announcement was NOT a good sign. i don't know how anybody can spin those actions as a positive for bitcoin.
  4. i also don't believe that bitcoin is booming in China because it's citizens believe in it as an alternative currency. I believe the price skyrocketed due to greed and pure speculation. take a look at the 2010 China Garlic Bubble where in a few months the price of garlic rose 40-50x due to pure speculation, price manipulation and hoarding. Sound familiar to bitcoin in China? http://www.npr.org/templates/story/story.php?storyId=121125739
  5. Plenty of redditors have claimed that China would be supportive of btc because it would devalue the US dollar and raise it's own yuan in value for foreign trade. that's highly unlikely since the Yuan is already the #2 most used currency for foreign trade in the world. China is about to start direct trade with the UK in yuan/pounds. the daily global trade in Chinese Yuan is over $120 billion which is 10x the market cap of bitcoin. http://www.bloomberg.com/news/2013-12-03/yuan-passes-euro-to-be-second-most-used-trade-finance-currency.html
  6. China is a quasi-totalitarian regime that has no qualms about crushing any form of rebellion (labour camps for journalists, tiananmen square, human rights violations, highest # of executions in the world). Bitcoin by its very nature is designed to give the power back to its people, its users. China's entire recent history is about controlling it's people.
tldr: bitcoin gives freedom and power to the Chinese citizens, the chinese government is realizes this and will move to prevent China from ever having a robust btc economy where btc will be widely traded for services/goods. Chinese citizens have a history of participating in mass speculative bubbles without caring about the fundamental value.
(i could be wrong about the future of bitcoin in China but based on China's history i unfortunately might be right. also if any college students are reading this, please don't take out student loans to buy bitcoins, it is a huge speculative bubble in China and if the chinese govt comes down, you will see the bitcoin economy cut in half or more.)
submitted by yomofos to Bitcoin [link] [comments]

Bitcoin Magazine Issue 15 Now Available

The issue 15 of the magazine has finally arrived in our warehouses. In this issue we focus more on China and study the big picture with an indepth article by Vitalik Buterin.
This issue includes articles like:
*MtGox Delays
*Borderless Healthcare: VirtualDoctors.org
*Cypherpunks, Bitcoin & The Myth Of Satoshi Nakamoto
*How To Justify a $14,000 Miner Purchase To Your Significant Other
*Bitcoin, The Comming Years
*Amsterdam Conference Recap
*When Libertarians and Bitcoiners Collide: Crypto-Currency Conference Recap
*Montreal Loves Bitcoins: Notes From The Bitcoin Embassy Meetup
*Island of Stone Bitcoins
*Bitcoin: Speculation Or a Value Investment
*Social Currencies: What's The Point?
*Internationality, Democracy And The Reforming Of The Bitcoin Foundation
*Neo & The Bee: Interview With The CEO Of The Cyprus Based Payment Network
*Sebastian Kawa and His Bitcoin Funded Everest Flight
*Interview with Chang Jia 8BTC.com Founder
*Baidu And The Chinese Community
*The Bitcoin Maze Game
You can order it here: http://bitcoinmagazine.com/product/bitcoin-magazine-issue-15/
submitted by MihaiAlisie to BitcoinMagazine [link] [comments]

Chinese police seize bitcoin-mining computers that ... China Bitcoin Mining Farm Tour GO GATORS 🐊 - YouTube BREAKING: BITCOIN MINER CAPITULATION & CHINA FUD!!! Inside a Secret Chinese Bitcoin Mine - YouTube Top 5 Biggest Bitcoin Mining Companies - YouTube

Mysterious tombs in China found to be bitcoin mining operations ... police found that one imaginative bitcoin miner hid 54 mining rigs deep . ... Baidu & JD.com through our in-depth case studies ... Baidu is China’s top search engine. It is commonly referred to as the Chinese “Google” due to its popularity. Bitcoin appearing as a top trending word in China is notable for several reasons. When Bitcoin trends in searches, the coin also pumps. Expert investors inside and outside of the cryptocurrency sector often use the internet’s […] As China’s homegrown search engine, Baidu was once the country’s biggest tech company.But the rapid growth of Alibaba and Tencent overshadowed Baidu in the early 2010s. Today Baidu’s Robin Li and his wife Melissa Ma are no.9 on the list with a wealth of US$17 billion. The value of a single Bitcoin has ballooned to over $8,000 this year from it’s humble beginnings of $10 a Bitcoin in 2012, with China being the leading ‘miner’ of Bitcoins. Baidu, often called the Google of China, is well known for it’s ubiquitous search engine that operates within the boundaries of the ‘Great Firewall of China’ a ... The value of a single Bitcoin has ballooned to over $8,000 this year from its humble beginnings of $10 a Bitcoin in 2012, with China being the leading ‘miner’ of Bitcoins. ... Baidu, acts like ...

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Chinese police seize bitcoin-mining computers that ...

Bitcoin mines like this makeshift operation located in Northeast China are what keep the bitcoin network up and running. Motherboard will visit the secretive... How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide ... How Much? 1,664,399 views. 19:20. How Bitcoin in China Is Subverting the System - Duration: 22:17. China Uncensored ... Official Tour of Bitcoin Mining Operations in Yunnan CHINA by Akminer.com 🔥Tesla Podcast (Elon Musk) Live 🔥 Company News, Bearish BItcoin, Liquidation, future Tesla Promotion 15,444 watching Live now Samsung Galaxy S20 Ultra Review: Attack of the Numbers! In 2014, before Ethereum and altcoin mania, before ICOs and concerns about Tether and Facebook's Libra, Motherboard gained access to a massive and secretive ...

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