|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
|submitted by BitcoinAllBot to BitcoinAll [link] [comments]|
I thought this would only be used to 'override' finality, eg if there were network splits. But not in normal consensusThat is not correct. Every single transaction gets booked on arrival using the parallel reality based ledger state. If there are conflicts then we create a "branch" (container in the ledger state) that represents the perception that this particular double spend would be accepted by consensus. After consensus is reached, the container is simply marked as "accepted" and all transactions that are associated with this branch are immediately confirmed as well. This allows us to make the node use all of its computing ressources 24/7 without having to wait for any kind of decision to be made and allows us to scale the throughput to its physical limits. That's the whole idea of the "parallel reality based ledger state" instead of designing a data structure that models the ledger state "after consensus" like everybody else is doing it is tailored to model the ledger state "before consensus" and then you just flip a flag to persist your decision. The "resync mechanism" also uses the branches to measure the amount of approval a certain perception of the ledger state receives. So if my own opinion is not in line with what the rest of the network has accepted (i.e. because I was eclipsed or because there was a network split), then I can use the weight of these branches to detect this "being out of sync" and can do another larger query to re-evaluate my decision.(수정됨)
Also what happens in IOTA if DRNG notes would fall out, does the network continue if no new RNGs appear for a while? Or will new nodes be added sufficiently fast to the DRNG committee that no one notices?Its a comittee and not just a single DRNG provider. If a few nodes fail then it will still produce random numbers. And even if the whole comittee fails there are fallback RNG's that would be used instead
So the ask is that we ditch all our work and fork Avalanche because it has not been attacked in the month or so it has been up?u/Navin Ramachandran [IF] yeah, that's hilarious. Avalanche consensus (at least their WP version) is clearly scientifically unsound.
well (1.) very obviously the metastability problems are not a problem in practice,putting "very obviously" before questionable statements very obviously shows that you are seeking a constructive dialogue 📷 (to make metastability work, the adversary needs to more-or-less know the current opinion vectors of most of the honest participants; I don't see why a sufficiently well-connected adversary cannot query enough honest nodes frequently enough to achieve that)
(2.) .... you'd need an unpredictable number every few tens/hundreds milliseconds, but your DRNG can only produce one every O(seconds).the above assumption (about "every few tens/hundreds milliseconds") is wrong
We've had this discussion before, where you argued that the assumptions in the FPC-BI paper (incl. "all nodes must be known") are not to be taken 100% strictly, and that the results are to be seen more of an indication of overall performance.Aham, I see. So, unfortunately, all that time that I invested into explaining that stuff during our last conversation was for nothing. Again, very briefly. The contents of the FPC-BI paper is not "an indication of overall performance". It rather shows (to someone who actually read and understood the paper) why the approach is sound and robust, as it makes one understand what is the mechanism that causes the consensus phenomenon occur.
Yet you don't allow for that same argument to be valid for the "metastability" problem in avalanche,Incorrect. It's not "that same argument". FPC-BI is a decent academic paper that has precisely formulated results and proofs. The Ava WP (the probabilistic part of it), on the other hand, does not contain proofs of what they call results. More importantly, they don't even show a clear path to those proofs. That's why their system is scientifically unsound.
even when there's a live network that shows that it doesn't matter.No, it doesn't show that it doesn't matter. It only shows that it works when not properly attacked. Their WP doesn't contain any insight on why those attacks would be difficult/impossible.
|BlockFi||50%||2 resolved, 2 not resolved|
|CDC||58%||29 resolved, 21 not resolved|
|Celsius||61%||23 resolved, 15 not resolved|
|Nexo||67%||8 resolved, 4 not resolved|
|BlockFi||50%||2 resolved, 2 not resolved|
|CDC||58%||29 resolved, 21 not resolved|
|Celsius||61%||23 resolved, 15 not resolved|
|Nexo||67%||8 resolved, 4 not resolved|
bitcoin relies 100% on confirmation bias. everyone yells ''its amazing'' because they're financially biased, but they dont actually believe it. they just hope someone will pump their bags. to me the...frm76ad in Crypto_com on 24 May 20 (1pts):
simply put, they dont support canadian banking and canadian dollars. at least yet. might change when they add debit card for canada since i would assume that will be denominated in CAD but i could...frkvb1u in CryptoCurrency on 23 May 20 (1pts):
eth has a 5x premium on greyscale, i just dont understand how anyone can accept that lol. https://i.imgur.com/eeXlo9H.pngfrkloxd in Crypto_com on 23 May 20 (1pts):
keep calm and eat jellybeans.frkiibm in CryptoCurrency on 23 May 20 (1pts):
bitcoin answer to this is ''but store of value bruhh''frkfuy6 in Crypto_com on 23 May 20 (1pts):
you can use it to go 1.5x leverage. loan 5k, buy btc, btc goes up, sell 5k worth and keep the difference. free real estate bruh! just kidding, leverage is dangerous :)frk8jee in CryptoCurrency on 23 May 20 (1pts):
Zcoin, its an establish coin that's been around for a while, has some interesting stuff happening this year but mainly just looking at the chart is enough for me to take the risk. bought a...frk6eir in CryptoCurrency on 23 May 20 (1pts):
beware of POS coins in general. it doesnt matter if you make 100% if the coin goes down 90%, you still lose 80% of your money. its fine to prefer pos over pow if you dont care about the security as...frk5z26 in CryptoCurrency on 23 May 20 (1pts):
im sure Kenyans love paying half their wealth in fees.frk5mht in CryptoCurrency on 23 May 20 (1pts):
fwiw, there's a loser on each side of a trade.frk5hn6 in CryptoCurrency on 23 May 20 (1pts):
here's a little tip, if a coin has a sub coin to pay fees, its garbage.frk5cdn in CryptoCurrency on 23 May 20 (1pts):
haaa yes, the indicators that rewrite themselves to make it look like they called the shotsfrk4pia in CryptoCurrency on 23 May 20 (1pts):
i like cryptowatch. has standard list but also has charts and a few other useful views like this. https://cryptowat.ch/cards/assets also has a bunch of other...frk2zzv in CryptoCurrency on 23 May 20 (1pts):
i cant wait for 1000sat/byte as a standard when btc hits 100k$! its gon be great! i really dont care if 90% of my paycheck vanishes in a transaction fee cause ill hodl till i die! i already threw...frjwzk9 in CryptoCurrency on 23 May 20 (1pts):
well, at least he's not shilling a scam this time i guess?frjvori in CryptoCurrency on 23 May 20 (1pts):
people didnt expect that kind of bull run in 2016, at least no that i remember. there was some hype early on in 2017, specially because of ETH, i still cant tel wheter or not btc rode on eth's...frjt8r7 in CryptoCurrency on 23 May 20 (1pts):
eth by far. bitcoin is racing towards a dead end and everyone knows it but choose to ignore it and scream moon all day long. its sad but true bitcoin cant sustain anymore growth and there's no plan...frjr53k in technology on 23 May 20 (1pts):
how about let it fucking sink so it can be bought for a penny on the dollar? only thing this system is doing is promoting irresponsible business management because ''why take precautions or innovate...frjq6q8 in technology on 23 May 20 (1pts):
the best way to make you gmail inbox safer is to use protonmail instead haha.frjg2ez in CryptoCurrency on 23 May 20 (1pts):
i can attest to this. i did a piece that shows how 4mb block would HELP bitcoin adoption AND decentralization and was banned for promoting BCH, which i havent talked about once in all of my...frjfwao in CryptoCurrency on 23 May 20 (1pts):
no, its means goldman needs a conference call to tel investors not to buy bitcoin.frjfehq in CryptoCurrency on 23 May 20 (1pts):
proof of funds is the scummiest bullshit ever created. allows institutions to literally steal money from legitimate users who cant provide a proof. its easy for freshly earned money now that we know...frjbtml in CryptoCurrency on 23 May 20 (1pts):
it doesnt really matter how much the fed prints, because it wont leave the fed without someone taking the loans, and nobody wants a loan right now. theses funds mainly exist in order to prevent the...frgj543 in politics on 22 May 20 (1pts):
why? its not like he has issues routing a billion dollars of public funds over to Ukraine.frggmty in CryptoCurrency on 22 May 20 (1pts):
''in a nutshell'' dont hang out in bitcoin or btc, bitcoin has gestapo mods and btc is salt all day long.frfp692 in WhitePeopleTwitter on 22 May 20 (1pts):
just go gamble 100x till you make it, ez.frfoe8c in LifeProTips on 22 May 20 (1pts):
Discord my friend, Discord.free9l1 in CryptoCurrency on 22 May 20 (1pts):
hahaha, no.fredual in CryptoCurrency on 22 May 20 (1pts):
dw bout it, everyone pays to learn in this space. some later than others. better take your loses early on rather than get your illusion of success shattered down the road.frdpvm8 in CryptoCurrency on 21 May 20 (1pts):
all you had to do is claim you hex, for free. if you dont pay for something, how are you getting scammed? you have no clue who gave him that eth, for what purpose, and if they're okay with him...frdo9tl in CryptoCurrency on 21 May 20 (1pts):
lets be honest, sending them to an exchange that has ''Fren with justin sun'' written all over it was not exactly his most genius moment.frde4ag in CryptoCurrency on 21 May 20 (1pts):
folding is great but it honestly pisses me off at the same time. there is so much spare computing power owned by american companies and almost all of it is never put to use for folding, it should be...frddkuy in CryptoCurrency on 21 May 20 (1pts):
''investing'' in crypto is honestly the wrong way to think about it. gambling is a much better term. at best you're all in on btc and you're hedging against fiat inflation, at worst you buy any...frdcffn in CryptoCurrency on 21 May 20 (1pts):
that explains why you know nothing about it.frdaz60 in CryptoCurrency on 21 May 20 (1pts):
doubtful. negative interest rates in a deflationary environment wont be a big deal. yall really seem to misunderstand how good the USD is at fucking you over. keep believing hyperinflation is gonna...frdantd in CryptoCurrency on 21 May 20 (1pts):
you havent seen nothing yet my man. 2017 had fees up to 100$. its gonna happen again.frcveyn in CryptoCurrency on 21 May 20 (1pts):
considering he thinks bitmex sells trader's fund on spot after they place a trade, its fair to say this guy doesnt know anything about anything.frcn75e in CryptoCurrency on 21 May 20 (1pts):
this is the dumbest article ever made on crypto.frcmmkz in CryptoCurrency on 21 May 20 (1pts):
you're an idiot.frcgfqm in CryptoCurrency on 21 May 20 (1pts):
while i agree that bitcoin sucks as it is and needs a block size increase (4mb would be perfect for now and wouldnt change a damn thing about decentralization) bsv is garbage and bch too.frcg7pc in CryptoCurrency on 21 May 20 (1pts):
those 3 pools are also made of thousands of individuals. its not the pools' hashrate. if they start messing with the network, that hashrate will leave fast as fuck.frc3yb5 in CryptoCurrency on 21 May 20 (1pts):
yet only 5mil in liquidity. useless network.frbyhp0 in CryptoCurrency on 21 May 20 (1pts):
btc blocks should be 4mb-8mb right now to keep in line with technological advancement since the 1mb block limit was implemented. prove me wrong. ill debate anyone. and before you ask, im a btc...frbxj5j in CryptoCurrency on 21 May 20 (1pts):
opening the pandora's box for market manipulation is a bad thing for wallstreet. these's patterns are not exclusive to crypto, at all, and ''trapping'' and stop hunts has been done for decades. this...fr8anz5 in CryptoCurrency on 20 May 20 (1pts):
honestly wouldnt be surprised. btc isnt going anywhere without scaling and ln is a cluster fuck for adoption.fr64v2n in Bitcoin on 19 May 20 (1pts):
rofl.fr64mko in Bitcoin on 19 May 20 (1pts):
this is software or 3rd parties trapping people into having to use those fees.fr649wf in CryptoCurrency on 19 May 20 (1pts):
that company is a fucking leech regardless how you look at it. trying to make itself relevant by attacking others. they arent doing anyone but themselves a favor. you can hate on XRP just as much as...fr62m0n in Bitcoin on 19 May 20 (1pts):
this is absolute garbage propaganda to assume that nodes would drop out rather than upgrade. im so fucking tired of people pretending like buying a 400$ computer to run a node is a problem but...fr61jya in Bitcoin on 19 May 20 (1pts):
supply is 18million, not 900/day. there's plenty to buy from. also if you are talking about paul tudor jones, he didnt buy a single bitcoin and said so himself that he would only be playing futures...fr60yqv in Bitcoin on 19 May 20 (1pts):
store of value is NOT a use case, and bitcoin is NOT widely adopted.fr5yqcw in Bitcoin on 19 May 20 (1pts):
" not really looking for financial advice " maybe you should.
submitted by 1loveone to OOOBTC [link] [comments]
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Bitcointalk Profile URL:https://bitcointalk.org/index.php?action=profile;u=2524596
Eth wallet : 0x00a9b763ff87ae5e9c6312779456144a06f6200f
A:Hello sparakh17. The platform will not go from 0 to 1. Instead, the rollout of new features will be performed gradually to ensure the highest possible standards you've come to expect of ICONOMI and a spotless user experience. This is a practice we have used in the past, and it has proven to work best in the long run. It takes just one bad experience to turn people away. We are in constant communication with DAA managers and are committed to adding new DAA managers continuously. With intensive two-way communication, we are able to pinpoint the most important parts of the experience and usability in real time, tweaking development and improving the experience for all the new users and managers who join the platform. We chose the first twelve DAA managers for a reason—together we are making the platform a highly dedicated tool tailored to the needs of its users.Q: Once the platform has been released, and marketing is in full swing, will you be able to add more in-depth KPIs to your shareholder's report, and what ones would you look to add?
The same process will be used for the introduction of the fiat ramp-up, the ability for DAA managers to set DAA structure themselves, and all other features that change the behavior of the platform and therefore must undergo meticulous testing, both in-house and in cooperation with DAA managers. Using this very same process before opening the platform completely on August 1 enabled us to launch without bugs. We favor this process to ensure quality and roll out gradually, so it is very hard to specify an exact date of “the” launch. Anyone can apply to be a DAA manager even now, but the acceptance criteria lower as the platform becomes more and more robust, feature-rich, and automated. However, DAA managers will be added continuously, and everyone is welcome to apply.
A: Hello owenoneilluk. You’re right; these are critical statistics. We will be tracking all of these KPIs. Some will be included in our reporting and be accessible via an API, but we have not yet confirmed the complete list. All the data, however, will be available to DAA managers.Q: When can we expect an independent third-party audit?
A: Hello WorldsMostDad. We are currently in talks with Big Four audit firms. We expect the audit to take place in 2018. As part of our commitment to transparency, we will be the first blockchain project undergoing third-party auditing at an institutional level. The audit will confirm the accuracy of our financial communications, such as the data released in our quarterly financial reports. This kind of transparency will be key to bringing institutional investors onto the platform.Q: When the FIAT gateway apears on ICONOMI will the ICONOMI Debit card apear at the same time or with delay? If delayed, what kind of delay are we talking about?
A: Hello investmox. The fiat ramp-up and the debit card are two separate features, both of which will be released over several phases. First, fiat will be added as an option in DAA structures. This will enable managers to temporarily move into fiat during periods of high volatility. The next step will be enabling fiat deposits for large transfers over a certain amount, which will allow us to bring bigger investors onto the platform. Later, the fiat gateway minimum amount will be removed. The debit card infrastructure will be developed in parallel and is likely to be released soon after the fiat ramp-up because it takes more time to develop, implement, and test.Q: Hello Iconomi team! Platform looks better and better with every update!
A: Hello Daparski. In the future, users will be able to track the AUM for each DAA directly on the platform. For now, the current AUM for BLX is $8,495,546.39, and the AUM for the other DAAs combined is $2,721,384.90.Q: In a previous AMA, it was stated that ICONOMI was working on an assurance to cover potentially lost of assets. Can you elaborate on the current status regarding the insurance of ICONOMI's assets, and what type of losses are covered (i.e. server hack, protocol bug, software bug, etc.)?
There are 33,253 registered users on the platform at this time.
A: Hello zuiderwijk. We will release details about the scope of our insurance policies once the deal has been finalized.Q: What steps have been taken to solve the issue regarding the parity vulnerability and minimizing the risk of similar events occuring in the future?
A: Hello CorradoJunior. We are closely monitoring the situation. The Parity team is working on a solution, and the frozen funds could be unlocked with the next planned Ethereum hard fork. We will continue to update the community when we receive any new information. We want to emphasize that all of our users’ digital assets are safe and that the functioning of the platform remains unaffected.Q: Currently 20% of realized profits from CCP are being used for buybacks. However, most of the CCP assets are being held in Ether which won't count towards buybacks; and also it's previously been communicated that the profits will be calculated against the currency they were purchased with. This means that even if an investment doubles in USD, there could be 0 realized profits if the eth or btc pair it was purchased against also doubled.
Security procedures must be constantly reevaluated and improved, especially in the blockchain environment. We are implementing an overall security program to address these new challenges.
A: Hello stephen2512, and thank you for your interesting proposal. We will take it into consideration, but we currently have no plans to change the fee structure for CCP. Charging a 3 percent management fee on CCP may have some benefits, but it would impose significant added costs for ICONOMI that would outweigh the benefits at this time.Q: Do you work towards partnership with well-known investment funds?
A: Hello Bumerang007. Details about any future partnerships will be released when they are publicly announced.Q: There has been ongoing communication from Jani8x and the team that Iconomi will "always keep enough assets in fiat for at least 2 years of runway. In that case operation will never be jeopardized no matter what" (https://www.reddit.com/ICONOMI/comments/697cbiconomi_ama_may_2017/dh548ay/).
A: Hello stephen2512. Thank you for your detailed analysis. It is important to understand that team size does not grow linearly, so a growth rate of 15 percent every quarter is very unlikely. It is also necessary to take potential revenue into account when making projections of this kind. Our fiat holdings are not fixed: we monitor the level of our holdings closely and adjust it based on our expectations of what will happen in the crypto market.Q: As I understand, Iconomi has a positive cashflow after a year of existence. Please elaborate on a Cost-to-Income Ratio (CIR): I would like to understand the main drivers of numerator and denumerator, what are your CIR predictions for 2018/2019, and what does Iconomi plan to do with company profits?
A: Hello drediedas. Operating costs are mainly salaries, rent, legal costs, travel, and other administrative and fixed costs, while operating income is comprised of fees generated by the platform.Q: Are you actively pursuing partnership opportunities with traditional financial institutions (outside of blockchain.one). (E.g. If Iconomi could be the preferred partner of Fidelity for cryptocurrency investors; that would be exceptional)
ICONOMI is a very dynamic project. It is impossible to imagine all the changes the fast-moving blockchain environment will go through over the next two years, and regulatory changes may impose new costs. Because of these factors, it is difficult to make useful long-term CIR predictions.
A: Hello vertigo2130. Yes, we are constantly working with traditional financial institutions to form new partnerships and to get feedback. However, as mentioned in our response to Bumerang007’s question, we cannot talk about specific potential partnerships until they have been confirmed and publicly announced.Q: When it comes to voting, it seems like the corporate standard is usually just to vote on the executive team. I know the details for this are still being worked out, but can some clarification be given at least to if we would just be voting for the executive team we want or if the only option will be, vote for the whole ICN team or vote for another whole company to manage it. It seems like if we’re forced to choose between entire companies then the fix is in because most people would never want to risk that. It would make more sense to vote only for the executive team.
A: Hello stephen2512. ICN holders will definitely be voting on the service provider for ICONOMI, but the details will be further defined. The concept of a service provider is new, and the actual process will largely depend on the state of legislation. As we have stated in previous AMAs, we will release more details about the voting process as the two-year mark approaches.Q: Using transparency as key iconomi value, using old economy rules of transparency would also apply in full with no obstacles. Such as reports of ICN buy and sell transactions.
A: Hello legaltenderlegal, and thank you for the suggestion. In future, we will be publishing this data in full.Q: I'd like to know the due diligence that ICONOMI take before making any investment via Pinta - specifically I'd like to know what thought/reasoning went into the investment in Musiconomi? Is association with CoFound.it enough to secure a Pinta investment or do you see some long term play there?
ICONOMI has always been deeply committed to transparency. We are in the process of hiring a Big Four auditing company, which will help us ensure that we are correctly applying all the rules of transparency from the old economy. We also touched on this topic in our response to WorldsMostDad’s question above.
A: Hello benjaminbrick. Regarding Musiconomi, we cannot comment on Pinta investments on a deal-by-deal basis.Q: Hello ICONOMI team. Great work so far on the platform, but we investors in ICN sometimes get the felling that you are neglecting ICN token a little. We get questions "what gives ICN value" or "why would I even buy ICN token since it's got no use" on this subreddit almost every day. How would you anwser that question and how do you see ICN moving forward in 2018 and beyond.
The art of early stage investment is understanding the business and people behind the project. Questions we ask when evaluating a project include: Are the founders in it for the right reasons? Does the project make sense in terms of marketing? Is the project technically feasible? There are no metrics involved in the process because early stage companies don’t have reliable metrics yet.
It is also important to stay up-to-date with the latest developments in the blockchain world. We achieve this through great communication with ICO incubator Cofound.it and by meeting and speaking with other companies at conferences.
A: Hello lakopy. The parameters of the ICN token have not changed since the ICO and remain as promised in the original whitepaper and explained in several AMAs and blog posts. The buyback program and the vote on the service operator are the direct implementations of the whitepaper promise. We have also gone forward with the utility of the ICN token, as previously explained. What made us one of the most successful projects in 2016 continues to hold true in 2017 and will continue to hold true in 2018.Q: After the Parity incident you have stated that all users’ digital assets stored on the platform are completely safe, and the functioning of the platform is unaffected. However, some of the company’s assets were stored using the affected Parity multi-sig contract and will remain inaccessible until the situation is resolved.
A: Hello IReadErgoSum. The distinction between user assets and company assets is simple: user assets are any assets transferred to the platform by a user, and company assets are the assets ICONOMI received during the ICO. Because all the company’s assets are available for operational expenses, we do not distinguish between invested assets and assets used for operational expenses.Q: Hi! Which legal entity will hold licence for providing fiat gateway on the Iconomi platform. Iconomi Inc. or some other?
A: Hello lakopy. The license will be held by a daughter company of ICONOMI that is currently being established.Q: Hello, good job with the progress of the platform and scaling the company. But help me to understand one thing: why profits (of sold tokens you received from hardforks and airdrops) are not used for buybacks (BCH, OMG)? Iconomi had about 1000-1500 BTC in Pinta, received same amount of BCH and sold it, which means at least something out of it should go to profit. Same goes to OMG airdrop.
A: Hello UnforgettableSandbox. The digital assets that ICONOMI DAAs receive via hard forks and airdrops are not sold for a profit. These assets are either converted into the digital assets that make up the DAA and distributed across the structure or, as with Pinta and Bitcoin Cash, added to the structure as a new investment.Q: What keeps you, the employers of Iconomi, working on Iconomi? In other words, what is it that keeps you motivated to keep up the work for the platform?
A: Hello Dogephone. In addition to the vision of ICONOMI—bringing together the old and the new economy—the ICONOMI team is comprised of the best people anyone could hope to work with. In this early stage of blockchain, the field attracts the brightest and most intelligent people who are all extremely passionate about their work. It is a field that changes constantly, which gives room for constant improvement and growth, both on the personal and professional levels of each individual working here. The work is never boring because there are many challenges to overcome and unknowns to figure out. Doing this in a team of like-minded, highly motivated people who are passionate about their work is a once-in-a-lifetime experience..
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