Storing Documents on the Blockchain Why, How, and Where

How EpiK Protocol “Saved the Miners” from Filecoin with the E2P Storage Model?

How EpiK Protocol “Saved the Miners” from Filecoin with the E2P Storage Model?

https://preview.redd.it/n5jzxozn27v51.png?width=2222&format=png&auto=webp&s=6cd6bd726582bbe2c595e1e467aeb3fc8aabe36f
On October 20, Eric Yao, Head of EpiK China, and Leo, Co-Founder & CTO of EpiK, visited Deep Chain Online Salon, and discussed “How EpiK saved the miners eliminated by Filecoin by launching E2P storage model”. ‘?” The following is a transcript of the sharing.
Sharing Session
Eric: Hello, everyone, I’m Eric, graduated from School of Information Science, Tsinghua University. My Master’s research was on data storage and big data computing, and I published a number of industry top conference papers.
Since 2013, I have invested in Bitcoin, Ethereum, Ripple, Dogcoin, EOS and other well-known blockchain projects, and have been settling in the chain circle as an early technology-based investor and industry observer with 2 years of blockchain experience. I am also a blockchain community initiator and technology evangelist
Leo: Hi, I’m Leo, I’m the CTO of EpiK. Before I got involved in founding EpiK, I spent 3 to 4 years working on blockchain, public chain, wallets, browsers, decentralized exchanges, task distribution platforms, smart contracts, etc., and I’ve made some great products. EpiK is an answer to the question we’ve been asking for years about how blockchain should be landed, and we hope that EpiK is fortunate enough to be an answer for you as well.
Q & A
Deep Chain Finance:
First of all, let me ask Eric, on October 15, Filecoin’s main website launched, which aroused everyone’s attention, but at the same time, the calls for fork within Filecoin never stopped. The EpiK protocol is one of them. What I want to know is, what kind of project is EpiK Protocol? For what reason did you choose to fork in the first place? What are the differences between the forked project and Filecoin itself?
Eric:
First of all, let me answer the first question, what kind of project is EpiK Protocol.
With the Fourth Industrial Revolution already upon us, comprehensive intelligence is one of the core goals of this stage, and the key to comprehensive intelligence is how to make machines understand what humans know and learn new knowledge based on what they already know. And the knowledge graph scale is a key step towards full intelligence.
In order to solve the many challenges of building large-scale knowledge graphs, the EpiK Protocol was born. EpiK Protocol is a decentralized, hyper-scale knowledge graph that organizes and incentivizes knowledge through decentralized storage technology, decentralized autonomous organizations, and generalized economic models. Members of the global community will expand the horizons of artificial intelligence into a smarter future by organizing all areas of human knowledge into a knowledge map that will be shared and continuously updated for the eternal knowledge vault of humanity
And then, for what reason was the fork chosen in the first place?
EpiK’s project founders are all senior blockchain industry practitioners and have been closely following the industry development and application scenarios, among which decentralized storage is a very fresh application scenario.
However, in the development process of Filecoin, the team found that due to some design mechanisms and historical reasons, the team found that Filecoin had some deviations from the original intention of the project at that time, such as the overly harsh penalty mechanism triggered by the threat to weaken security, and the emergence of the computing power competition leading to the emergence of computing power monopoly by large miners, thus monopolizing the packaging rights, which can be brushed with computing power by uploading useless data themselves.
The emergence of these problems will cause the data environment on Filecoin to get worse and worse, which will lead to the lack of real value of the data in the chain, high data redundancy, and the difficulty of commercializing the project to land.
After paying attention to the above problems, the project owner proposes to introduce multi-party roles and a decentralized collaboration platform DAO to ensure the high value of the data on the chain through a reasonable economic model and incentive mechanism, and store the high-value data: knowledge graph on the blockchain through decentralized storage, so that the lack of value of the data on the chain and the monopoly of large miners’ computing power can be solved to a large extent.
Finally, what differences exist between the forked project and Filecoin itself?
On the basis of the above-mentioned issues, EpiK’s design is very different from Filecoin, first of all, EpiK is more focused in terms of business model, and it faces a different market and track from the cloud storage market where Filecoin is located because decentralized storage has no advantage over professional centralized cloud storage in terms of storage cost and user experience.
EpiK focuses on building a decentralized knowledge graph, which reduces data redundancy and safeguards the value of data in the distributed storage chain while preventing the knowledge graph from being tampered with by a few people, thus making the commercialization of the entire project reasonable and feasible.
From the perspective of ecological construction, EpiK treats miners more friendly and solves the pain point of Filecoin to a large extent, firstly, it changes the storage collateral and commitment collateral of Filecoin to one-time collateral.
Miners participating in EpiK Protocol are only required to pledge 1000 EPK per miner, and only once before mining, not in each sector.
What is the concept of 1000 EPKs, you only need to participate in pre-mining for about 50 days to get this portion of the tokens used for pledging. The EPK pre-mining campaign is currently underway, and it runs from early September to December, with a daily release of 50,000 ERC-20 standard EPKs, and the pre-mining nodes whose applications are approved will divide these tokens according to the mining ratio of the day, and these tokens can be exchanged 1:1 directly after they are launched on the main network. This move will continue to expand the number of miners eligible to participate in EPK mining.
Secondly, EpiK has a more lenient penalty mechanism, which is different from Filecoin’s official consensus, storage and contract penalties, because the protocol can only be uploaded by field experts, which is the “Expert to Person” mode. Every miner needs to be backed up, which means that if one or more miners are offline in the network, it will not have much impact on the network, and the miner who fails to upload the proof of time and space in time due to being offline will only be forfeited by the authorities for the effective computing power of this sector, not forfeiting the pledged coins.
If the miner can re-submit the proof of time and space within 28 days, he will regain the power.
Unlike Filecoin’s 32GB sectors, EpiK’s encapsulated sectors are smaller, only 8M each, which will solve Filecoin’s sector space wastage problem to a great extent, and all miners have the opportunity to complete the fast encapsulation, which is very friendly to miners with small computing power.
The data and quality constraints will also ensure that the effective computing power gap between large and small miners will not be closed.
Finally, unlike Filecoin’s P2P data uploading model, EpiK changes the data uploading and maintenance to E2P uploading, that is, field experts upload and ensure the quality and value of the data on the chain, and at the same time introduce the game relationship between data storage roles and data generation roles through a rational economic model to ensure the stability of the whole system and the continuous high-quality output of the data on the chain.
Deep Chain Finance:
Eric, on the eve of Filecoin’s mainline launch, issues such as Filecoin’s pre-collateral have aroused a lot of controversy among the miners. In your opinion, what kind of impact will Filecoin bring to itself and the whole distributed storage ecosystem after it launches? Do you think that the current confusing FIL prices are reasonable and what should be the normal price of FIL?
Eric:
Filecoin mainnet has launched and many potential problems have been exposed, such as the aforementioned high pre-security problem, the storage resource waste and computing power monopoly caused by unreasonable sector encapsulation, and the harsh penalty mechanism, etc. These problems are quite serious, and will greatly affect the development of Filecoin ecology.
These problems are relatively serious, and will greatly affect the development of Filecoin ecology, here are two examples to illustrate. For example, the problem of big miners computing power monopoly, now after the big miners have monopolized computing power, there will be a very delicate state — — the miners save a file data with ordinary users. There is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. And after the big miners have monopolized computing power, there will be a very delicate state — — the miners will save a file data with ordinary users, there is no way to verify this matter in the chain, whether what he saved is uploaded by himself or someone else. Because I can fake another identity to upload data for myself, but that leads to the fact that for any miner I go to choose which data to save. I have only one goal, and that is to brush my computing power and how fast I can brush my computing power.
There is no difference between saving other people’s data and saving my own data in the matter of computing power. When I save someone else’s data, I don’t know that data. Somewhere in the world, the bandwidth quality between me and him may not be good enough.
The best option is to store my own local data, which makes sense, and that results in no one being able to store data on the chain at all. They only store their own data, because it’s the most economical for them, and the network has essentially no storage utility, no one is providing storage for the masses of retail users.
The harsh penalty mechanism will also severely deplete the miner’s profits, because DDOS attacks are actually a very common attack technique for the attacker, and for a big miner, he can get a very high profit in a short period of time if he attacks other customers, and this thing is a profitable thing for all big miners.
Now as far as the status quo is concerned, the vast majority of miners are actually not very well maintained, so they are not very well protected against these low-DDOS attacks. So the penalty regime is grim for them.
The contradiction between the unreasonable system and the demand will inevitably lead to the evolution of the system in a more reasonable direction, so there will be many forked projects that are more reasonable in terms of mechanism, thus attracting Filecoin miners and a diversion of storage power.
Since each project is in the field of decentralized storage track, the demand for miners is similar or even compatible with each other, so miners will tend to fork the projects with better economic benefits and business scenarios, so as to filter out the projects with real value on the ground.
For the chaotic FIL price, because FIL is also a project that has gone through several years, carrying too many expectations, so it can only be said that the current situation has its own reasons for existence. As for the reasonable price of FIL there is no way to make a prediction because in the long run, it is necessary to consider the commercialization of the project to land and the value of the actual chain of data. In other words, we need to keep observing whether Filecoin will become a game of computing power or a real value carrier.
Deep Chain Finance:
Leo, we just mentioned that the pre-collateral issue of Filecoin caused the dissatisfaction of miners, and after Filecoin launches on the main website, the second round of space race test coins were directly turned into real coins, and the official selling of FIL hit the market phenomenon, so many miners said they were betrayed. What I want to know is, EpiK’s main motto is “save the miners eliminated by Filecoin”, how to deal with the various problems of Filecoin, and how will EpiK achieve “save”?
Leo:
Originally Filecoin’s tacit approval of the computing power makeup behavior was to declare that the official directly chose to abandon the small miners. And this test coin turned real coin also hurt the interests of the loyal big miners in one cut, we do not know why these low-level problems, we can only regret.
EpiK didn’t do it to fork Filecoin, but because EpiK to build a shared knowledge graph ecology, had to integrate decentralized storage in, so the most hardcore Filecoin’s PoRep and PoSt decentralized verification technology was chosen. In order to ensure the quality of knowledge graph data, EpiK only allows community-voted field experts to upload data, so EpiK naturally prevents miners from making up computing power, and there is no reason for the data that has no value to take up such an expensive decentralized storage resource.
With the inability to make up computing power, the difference between big miners and small miners is minimal when the amount of knowledge graph data is small.
We can’t say that we can save the big miners, but we are definitely the optimal choice for the small miners who are currently in the market to be eliminated by Filecoin.
Deep Chain Finance:
Let me ask Eric: According to EpiK protocol, EpiK adopts the E2P model, which allows only experts in the field who are voted to upload their data. This is very different from Filecoin’s P2P model, which allows individuals to upload data as they wish. In your opinion, what are the advantages of the E2P model? If only voted experts can upload data, does that mean that the EpiK protocol is not available to everyone?
Eric:
First, let me explain the advantages of the E2P model over the P2P model.
There are five roles in the DAO ecosystem: miner, coin holder, field expert, bounty hunter and gateway. These five roles allocate the EPKs generated every day when the main network is launched.
The miner owns 75% of the EPKs, the field expert owns 9% of the EPKs, and the voting user shares 1% of the EPKs.
The other 15% of the EPK will fluctuate based on the daily traffic to the network, and the 15% is partly a game between the miner and the field expert.
The first describes the relationship between the two roles.
The first group of field experts are selected by the Foundation, who cover different areas of knowledge (a wide range of knowledge here, including not only serious subjects, but also home, food, travel, etc.) This group of field experts can recommend the next group of field experts, and the recommended experts only need to get 100,000 EPK votes to become field experts.
The field expert’s role is to submit high-quality data to the miner, who is responsible for encapsulating this data into blocks.
Network activity is judged by the amount of EPKs pledged by the entire network for daily traffic (1 EPK = 10 MB/day), with a higher percentage indicating higher data demand, which requires the miner to increase bandwidth quality.
If the data demand decreases, this requires field experts to provide higher quality data. This is similar to a library with more visitors needing more seats, i.e., paying the miner to upgrade the bandwidth.
When there are fewer visitors, more money is needed to buy better quality books to attract visitors, i.e., money for bounty hunters and field experts to generate more quality knowledge graph data. The game between miners and field experts is the most important game in the ecosystem, unlike the game between the authorities and big miners in the Filecoin ecosystem.
The game relationship between data producers and data storers and a more rational economic model will inevitably lead to an E2P model that generates stored on-chain data of much higher quality than the P2P model, and the quality of bandwidth for data access will be better than the P2P model, resulting in greater business value and better landing scenarios.
I will then answer the question of whether this means that the EpiK protocol will not be universally accessible to all.
The E2P model only qualifies the quality of the data generated and stored, not the roles in the ecosystem; on the contrary, with the introduction of the DAO model, the variety of roles introduced in the EpiK ecosystem (which includes the roles of ordinary people) is not limited. (Bounty hunters who can be competent in their tasks) gives roles and possibilities for how everyone can participate in the system in a more logical way.
For example, a miner with computing power can provide storage, a person with a certain domain knowledge can apply to become an expert (this includes history, technology, travel, comics, food, etc.), and a person willing to mark and correct data can become a bounty hunter.
The presence of various efficient support tools from the project owner will lower the barriers to entry for various roles, thus allowing different people to do their part in the system and together contribute to the ongoing generation of a high-quality decentralized knowledge graph.
Deep Chain Finance:
Leo, some time ago, EpiK released a white paper and an economy whitepaper, explaining the EpiK concept from the perspective of technology and economy model respectively. What I would like to ask is, what are the shortcomings of the current distributed storage projects, and how will EpiK protocol be improved?
Leo:
Distributed storage can easily be misunderstood as those of Ali’s OceanDB, but in the field of blockchain, we should focus on decentralized storage first.
There is a big problem with the decentralized storage on the market now, which is “why not eat meat porridge”.
How to understand it? Decentralized storage is cheaper than centralized storage because of its technical principle, and if it is, the centralized storage is too rubbish for comparison.
What incentive does the average user have to spend more money on decentralized storage to store data?
Is it safer?
Existence miners can shut down at any time on decentralized storage by no means save a share of security in Ariadne and Amazon each.
More private?
There’s no difference between encrypted presence on decentralized storage and encrypted presence on Amazon.
Faster?
The 10,000 gigabytes of bandwidth in decentralized storage simply doesn’t compare to the fiber in a centralized server room. This is the root problem of the business model, no one is using it, no one is buying it, so what’s the big vision.
The goal of EpiK is to guide all community participants in the co-construction and sharing of field knowledge graph data, which is the best way for robots to understand human knowledge, and the more knowledge graph data there is, the more knowledge a robot has, the more intelligent it is exponentially, i.e., EpiK uses decentralized storage technology. The value of exponentially growing data is captured with linearly growing hardware costs, and that’s where the buy-in for EPK comes in.
Organized data is worth a lot more than organized hard drives, and there is a demand for EPK when robots have the need for intelligence.
Deep Chain Finance:
Let me ask Leo, how many forked projects does Filecoin have so far, roughly? Do you think there will be more or less waves of fork after the mainnet launches? Have the requirements of the miners at large changed when it comes to participation?
Leo:
We don’t have specific statistics, now that the main network launches, we feel that forking projects will increase, there are so many restricted miners in the market that they need to be organized efficiently.
However, we currently see that most forked projects are simply modifying the parameters of Filecoin’s economy model, which is undesirable, and this level of modification can’t change the status quo of miners making up computing power, and the change to the market is just to make some of the big miners feel more comfortable digging up, which won’t help to promote the decentralized storage ecology to land.
We need more reasonable landing scenarios so that idle mining resources can be turned into effective productivity, pitching a 100x coin instead of committing to one Fomo sentiment after another.
Deep Chain Finance:
How far along is the EpiK Protocol project, Eric? What other big moves are coming in the near future?
Eric:
The development of the EpiK Protocol is divided into 5 major phases.
(a) Phase I testing of the network “Obelisk”.
Phase II Main Network 1.0 “Rosetta”.
Phase III Main Network 2.0 “Hammurabi”.
(a) The Phase IV Enrichment Knowledge Mapping Toolkit.
The fifth stage is to enrich the knowledge graph application ecology.
Currently in the first phase of testing network “Obelisk”, anyone can sign up to participate in the test network pre-mining test to obtain ERC20 EPK tokens, after the mainnet exchange on a one-to-one basis.
We have recently launched ERC20 EPK on Uniswap, you can buy and sell it freely on Uniswap or download our EpiK mobile wallet.
In addition, we will soon launch the EpiK Bounty platform, and welcome all community members to do tasks together to build the EpiK community. At the same time, we are also pushing forward the centralized exchange for token listing.
Users’ Questions
User 1:
Some KOLs said, Filecoin consumed its value in the next few years, so it will plunge, what do you think?
Eric:
First of all, the judgment of the market is to correspond to the cycle, not optimistic about the FIL first judgment to do is not optimistic about the economic model of the project, or not optimistic about the distributed storage track.
First of all, we are very confident in the distributed storage track and will certainly face a process of growth and decline, so as to make a choice for a better project.
Since the existing group of miners and the computing power already produced is fixed, and since EpiK miners and FIL miners are compatible, anytime miners will also make a choice for more promising and economically viable projects.
Filecoin consumes the value of the next few years this time, so it will plunge.
Regarding the market issues, the plunge is not a prediction, in the industry or to keep learning iteration and value judgment. Because up and down market sentiment is one aspect, there will be more very important factors. For example, the big washout in March this year, so it can only be said that it will slow down the development of the FIL community. But prices are indeed unpredictable.
User2:
Actually, in the end, if there are no applications and no one really uploads data, the market value will drop, so what are the landing applications of EpiK?
Leo: The best and most direct application of EpiK’s knowledge graph is the question and answer system, which can be an intelligent legal advisor, an intelligent medical advisor, an intelligent chef, an intelligent tour guide, an intelligent game strategy, and so on.
submitted by EpiK-Protocol to u/EpiK-Protocol [link] [comments]

Crypto Banking Wars: Can BlockFi & Celsius Disrupt Banking?

Crypto Banking Wars: Can BlockFi & Celsius Disrupt Banking?
These crypto lending & borrowing services found early traction. Are they capable of bundling more financial services and winning the broader consumer finance market?
https://reddit.com/link/icps9l/video/98kl1y596zh51/player
This is the third part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this very powerful technology to reach the masses. As we laid out in our previous series, Crypto-Powered, we believe a crypto-native company will ultimately become the bank of the future. We’re confident Genesis Block will have a seat at that table, but we aren’t the only game in town.
In the first post of this series, we did an analysis of big crypto exchanges like Coinbase & Binance. In our second episode, we looked at the world of non-custodial wallets.
Today we’re analyzing crypto lending & borrowing services. The Earn and Borrow use-case covers a lot of what traditional banks deliver today. This category of companies is a threat worth analyzing. As we look at this market, we’ll mostly be focused on custodial, centralized products like BlockFi, Nexo, and Celsius.
Many of these companies found early traction among crypto users. Are they capable of bundling more financial services and winning the broader consumer finance market? Let’s find out.

Institutional Borrowers

Because speculation and trading remains one of the most popular use-cases of crypto, a new crypto sub-industry around credit has emerged. Much of the borrowing demand has been driven by institutional needs.
For example, a Bitcoin mining company might need to borrow fiat to pay for operational costs (salaries, electricity). Or a crypto company might need to borrow USD to pay for engineering salaries. Or a crypto hedge fund needs to borrow for leverage or to take a specific market position. While all of these companies have sufficient crypto to cover the costs, they might not want to sell it — either for tax or speculative reasons (they may believe these crypto assets will appreciate, as with most in the industry).
Instead of selling their crypto, these companies can use their crypto as collateral for loans. For example, they can provide $1.5M in Bitcoin as collateral, and borrow $1M. Given the collateralization happening, the underwriting process becomes straightforward. Companies all around the world can participate — language and cultural barriers are removed.

https://preview.redd.it/z9pby83d6zh51.png?width=600&format=png&auto=webp&s=54bf425215c3ed6d5ff0ca7dbe571e735b994613
The leader (and one of our partners) in this space is Genesis Capital. While they are always the counterparty for both lenders and borrowers, they are effectively a broker. They are at the center of the institutional crypto lending & borrowing markets. Their total active loans as of March 2020 was $649M. That number shot up to $1.42B in active loans as of June 2020. The growth of this entire market segment is impressive and it’s what is driving this opportunity for consumers downstream.

Consumer Products

While most of the borrowing demand comes from institutional players, there is a growing desire from consumers to participate on the lend/supply side of the market. Crypto consumers would love to be able to deposit their assets with a service and watch it grow. Why let crypto assets sit on an exchange or in cold storage when it can be earning interest?
A number of consumer-facing products have emerged in the last few years to make this happen. While they also allow users to borrow (always with collateral), most of the consumer attraction is around growing their crypto, even while they sleep. Earning interest. These products usually partner with institutional players like Genesis Capital to match the deposits with borrowing demand. And it’s exactly part of our strategy as well, beyond leveraging DeFi (decentralized finance protocols).
A few of the most popular consumer services in this category include BlockFi, Nexo, and Celsius.

https://preview.redd.it/vptig5mg6zh51.png?width=1051&format=png&auto=webp&s=b5fdc241cb9b6f5b495173667619f8d2c93371ca

BlockFi

BlockFi (Crunchbase) is the leader in this category (at least in the West). They are well-capitalized. In August 2019, they raised $18.3M in their Series A. In Feb 2020, they raised $30M in their Series B. In that same time period, they went from $250M in assets under management to $650M. In a recent blog post, they announced that they saw a 100% revenue increase in Q2 and that they were on track to do $50M in revenue this year. Their growth is impressive.
BlockFi did not do an ICO, unlike Celsius, Nexo, Salt, and Cred. BlockFi has a lot of institutional backing so it is perceived as the most reputable in the space. BlockFi started with borrowing — allowing users to leverage their crypto as collateral and taking out a loan against it. They later got into Earning — allowing users to deposit assets and earn interest on it. They recently expanded their service to “exchange” functionality and say they are coming out with a credit card later this year.

https://preview.redd.it/byv2tbui6zh51.png?width=800&format=png&auto=webp&s=bac080dcfc85e89574c30dfb396db0b537d46706
Security Woes
It’s incredible that BlockFi has been able to see such strong growth despite their numerous product and security woes. A few months ago, their systems were compromised. A hacker was able to access confidential data, such as names, dates of birth, postal addresses, and activity histories. While no funds were lost, this was a massive embarrassment and caused reputational damage.

https://preview.redd.it/lwmxbz5l6zh51.png?width=606&format=png&auto=webp&s=ebd8e6e5c31c56da055824254b35b218b49f80e0
Unrelated to that massive security breach and earlier in the year, a user discovered a major bug that allowed him to send the same funds to himself over and over again, ultimately accumulating more than a million dollars in his BlockFi account. BlockFi fortunately caught him just before withdrawal.
Poor Product Execution
Beyond their poor security — which they are now trying to get serious about — their products are notoriously buggy and hard-to-use. I borrowed from them a year ago and used their interest account product until very recently. I have first-hand experience of how painful it is. But don’t take my word for it… here are just a few tweets from customers just recently.

https://preview.redd.it/wcqu3icn6zh51.png?width=1055&format=png&auto=webp&s=870e2f06a6ec377a87e5d6d1f24579a901de66b5
For a while, their interest-earning product had a completely different authentication system than their loan product (users had two sets of usernames/passwords). Many people have had issues with withdrawals. The app is constantly logging people out, blank screens, ugly error messages. Emails with verification codes are sometimes delayed by hours (or days). I do wonder if their entire app has been outsourced. The sloppiness shines through.
Not only is their product buggy and UX confusing, but their branding & design is quite weak. To the left is a t-shirt they once sent me. It looks like they just found a bunch of quirky fonts, added their name, and slapped it on a t-shirt.

https://preview.redd.it/mi6yeppp6zh51.png?width=600&format=png&auto=webp&s=fd4cd8201ad0d5bc667498096388377895b72953
Culture
To the innocent bystander, many of these issues seem totally fixable. They could hire an amazing design agency to completely revamp their product or brand. They could hire a mercenary group of engineers to fix their bugs, etc. While it could stop the bleeding for a time, it may not solve the underlying issues. Years of sloppy product execution represents something much more destructive. It represents a top-down mentality that shipping anything other than excellence is okay: product experience doesn’t matter; design doesn’t matter; craftsmanship doesn’t matter; strong execution doesn’t matter; precision doesn’t matter. That’s very different from our culture at Genesis Block.
This cancerous mentality rarely stays contained within product & engineering — this leaks to all parts of the organization. No design agency or consulting firm will fix some of the pernicious values of a company’s soul. These are deeper issues that only leadership can course-correct.
If BlockFi’s sloppiness were due to constant experimentation, iteration, shipping, or some “move fast and break things” hacker culture… like Binance… I would probably cut them more slack. But there is zero evidence of that. “Move fast and break things” is always scary when dealing with financial products. But in BlockFi’s case, when it’s more like “move slow and break things,” they are really playing with fire. Next time a massive security breach occurs, like what happened earlier this year, they may not be so lucky.
Institutional Focus
Based on who is on their team, their poor product execution shouldn’t be a surprise. Their team comes mostly from Wall Street, not the blockchain community (where our roots are). Most of BlockFi’s blockchain/crypto integration is very superficial. They take crypto assets as deposits, but they aren’t leveraging any of the exciting, low-level DeFi protocols like we are.
While their Wall Street heritage isn’t doing them any favors on the product/tech side, it’s served them very well on winning institutional clients. This is perhaps their greatest strength. BlockFi has a strong institutional business. They recently brought on Three Arrows Capital as a strategic investor — a crypto hedge fund who does a lot of borrowing. In that announcement, BlockFi’s founder said that bringing them on “aligns well with our focus on international expansion of our institutional services offering.” They also recently brought someone on who will lead business development in Asia among institutional clients.
BlockFi Wrap Up
There are certainly BlockFi features that overlap with Genesis Block’s offering. It’s possible that they are angling to become the bank of the future. However, they simply have not proven they are capable of designing, building, and launching world-class consumer products. They’ve constantly had issues around security and poor product execution. Their company account and their founder’s account seem to only tweet about Bitcoin. I don’t think they understand, appreciate, or value the power of DeFi. It’s unlikely they’ll be leveraging it any time soon. All of these reasons are why I don’t see them as a serious threat to Genesis Block.
However, because of their strong institutional offering, I hope that Genesis Block will ultimately have a very collaborative and productive partnership with them. Assuming they figure out their security woes, we could park some of our funds with BlockFi (just as we will with Genesis Capital and others). I think what’s likely to happen is that we’ll corner the consumer market and we’ll work closely with BlockFi on the institutional side.
I’ve been hard on BlockFi because I care. I think they have a great opportunity at helping elevate the entire industry in a positive way. But they have a lot of issues they need to work through. I really don’t want to see users lose millions of dollars in a security breach. It could set back the entire industry. But if they do things well… a rising tide lifts all boats.

Honorable Mentions

Celsius (ICO Drops) raised $50M in an ICO, and is led by serial entrepreneur Alex Mashinsky. I’ve met him, he’s a nice guy. Similar to Binance, their biggest Achilles heel could be their own token. There are also a lot of unanswered questions about where their deposits go. They don’t have a record of great transparency. They recently did a public crowdraise which is a little odd given their large ICO as well as their supposed $1B in deposits. Are they running out of money, as some suggest? Unclear. One of their biggest blindspots right now is that Mashinsky does not understand the power of DeFi. He is frequently openly criticizing it.
Nexo (ICO Drops) is another similar service. They are European-based, trying to launch their own card (though they’ve been saying this forever and they still haven’t shipped it), and have a history in the payments/fintech space. Because they haven’t penetrated the US — which is a much harder regulatory nut to crack — they are unlikely to be as competitive as BlockFi. There were also allegations that Nexo was spreading FUD about Chainlink while simultaneously partnering with them. Did Nexo take out a short position and start spreading rumors? Never a dull moment in crypto.
Other players in the lending & borrowing space include Unchained Capital, Cred (ICO Drops), and Salt (ICO Drops).

https://preview.redd.it/9ts6m0qw6zh51.png?width=1056&format=png&auto=webp&s=dd8d368c1aa39994c6bc5e4baec10678d3bbba2d

Wrap Up

While many companies in this category seem to be slowly adding more financial services, I don’t believe any of them are focused on the broader consumer market like we are. To use services like BlockFi, Nexo, or Celsius, users need to be onboarded and educated on how crypto works. At Genesis Block, we don’t believe that’s the winning approach. We think blockchain complexity should be abstracted away from the end-user. We did an entire series about this, Spreading Crypto.
For many of these services, there is additional friction due to ICO tokens that are forcefully integrated into the product (see NEXO token or CEL Token). None of these services have true banking functionality or integration with traditional finance —for example, easy offramp or spending methods like debit cards. None of them are taking DeFi seriously — they are leveraging crypto for only the asset class, not the underlying technology around financial protocols.
So are these companies potential competitors to Genesis Block? For the crypto crowd, yes. For the mass market, no. None of these companies are capable of reaching the billions of people around the world that we hope to reach at Genesis Block.
------
Other Ways to Consume Today's Episode:
Follow our social channels: https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?
Can they overcome the product limitations of blockchain and deliver the world-class experience that consumers expect?
https://reddit.com/link/i8ewbx/video/ojkc6c9a1lg51/player
This is the second part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
---
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this very powerful technology to reach the masses. As we laid out in our previous series, Crypto-Powered, we believe companies that build with blockchain at their core will have the best shot at winning the broader consumer finance market. We hope it will be us at Genesis Block, but we aren’t the only game in town.
So this series explores the entire crypto landscape and tries to answer the question, which crypto company is most likely to become the bank of the future?
In our last episode, we offered an in-depth analysis of big crypto exchanges like Coinbase & Binance. Today we’re analyzing non-custodial crypto wallets. These are products where only the user can touch or move funds. Not even the company or developer who built the application can access, control, or stop funds from being moved. These apps allow users to truly become their own bank.
We’ve talked a little about this before. This group of companies is nowhere near the same level of threat as the biggest crypto exchanges. However, this group really understands DeFi and the magic it can bring. This class of products is heavily engineer-driven and at the bleeding-edge of DeFi innovation. These products are certainly worth discussing. Okay, let’s dive in.

Users & Audience

These non-custodial crypto wallets are especially popular among the most hardcore blockchain nerds and crypto cypherpunks.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets), then it’s not really your crypto. There has always been a close connection between libertarianism & cryptocurrency. This type of user wants to be in absolute control of their money and become their own bank.
In addition to the experienced crypto geeks, for some people, these products will mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.

https://preview.redd.it/vigqlmgg1lg51.png?width=800&format=png&auto=webp&s=0a5d48a63ce7a637749bbbc03d62c51cc3f75613
Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These are the common use-cases and users for non-custodial wallets.

Products in Market

Let’s do a quick round-up of some of the more popular products already in the market.
Web/Desktop The most popular web wallet is MetaMask. Though it doesn’t have any specific integration with DeFi protocols yet, it has more than a million users (which is a lot in crypto land!). Web wallets that are more deeply integrated with DeFi include InstaDapp, Zerion, DeFi Saver, Zapper, and MyCrypto (disclosure: I’m an investor and a big fan of Taylor). For the mass market, mobile will be a much more important form-factor. I don’t view these web products as much of a threat to Genesis Block.
https://preview.redd.it/gbpi2ijj1lg51.png?width=1050&format=png&auto=webp&s=c039887484bf8a3d3438fb02a384d0b9ef894e1f
Mobile The more serious threats to Genesis Block are the mobile products that (A) are leveraging some of the powerful DeFi protocols and (B) abstracting away a lot of the blockchain/DeFi UX complexity. While none get close to us on (B), the products attempting this are Argent and Dharma. To the extent they can, both are trying to make interacting with blockchain technology as simple as possible.
A few of the bigger exchanges have also entered this mobile non-custodial market. Coinbase has Wallet (via Cipher Browser acquisition). Binance has Trust Wallet (also via acquisition). And speaking of acquisitions, MyCrypto acquired Ambo, which is a solid product and has brought MyCrypto into the mobile space. Others worth mentioning include Rainbow — well-designed and built by a small indy-team with strong DeFi experience (former Balance team). And ZenGo which has a cool feature around keyless security (their CEO is a friend).
There are dozens of other mobile crypto wallets that do very little beyond showing your balances. They are not serious threats.
https://preview.redd.it/6x4lxsdk1lg51.png?width=1009&format=png&auto=webp&s=fab3280491b75fe394aebc8dd69926b6962dcf5d
Hardware Wallets Holding crypto on your own hardware wallet is widely considered to be “best practice” from a security standpoint. The most popular hardware wallets are Ledger, Trezor, and KeepKey (by our friends at ShapeShift). Ledger Nano X is the only product that has Bluetooth — thus, the only one that can connect to a mobile app. While exciting and innovative, these hardware wallets are not yet integrated with any DeFi protocols.
https://preview.redd.it/yotmvtsl1lg51.png?width=1025&format=png&auto=webp&s=c8567b42839d9cec8dbc6c78d2f953b688886026

Strengths

Let’s take a look at some of the strengths with non-custodial products.
  1. Regulatory arbitrage Because these products are “non-custodial”, they are able to avoid the regulatory burdens that centralized, custodial products must deal with (KYC/AML/MTL/etc). This is a strong practical benefit for a bootstrapped startup/buildedeveloper. Though it’s unclear how long this advantage lasts as products reach wider audiences and increased scrutiny.
  2. User Privacy Because of the regulatory arbitrage mentioned above, users do not need to complete onerous KYC requirements. For example, there’s no friction around selfies, government-issued IDs, SSNs, etc. Users can preserve much of their privacy and they don’t need to worry about their sensitive information being hacked, compromised, or leaked.
  3. Absolute control & custody This is really one of the great promises of crypto — users can become their own bank. Users can be in full control of their money. And they don’t need to bury it underground or hide it under a mattress. No dependence, reliance or trust in any third parties. Only the user herself can access and unlock the money.

Weaknesses

Now let’s examine some of the weaknesses.
  1. Knowledge & Education Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto geeks. Imagine how an average, non-crypto user feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve is very high and will always be a major blocker for adoption. We’ve talked about this in our Spreading Crypto series — to reach the masses, the crypto stuff needs to be in the background.
  2. User Experience It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Product Limitations Most non-custodial wallets today are based on Ethereum smart contracts. That means they are severely limited with the assets that they can support (only erc-20 tokens). Unless through synthetic assets (similar to Abra), these wallets cannot support massively popular assets like Bitcoin, XRP, Cardano, Litecoin, EOS, Tezos, Stellar, Cosmos, or countless others. There are exciting projects like tBTC trying to bring Bitcoin to Ethereum — but these experiments are still very, very early. Ethereum-based smart contract wallets are missing a huge part of the crypto-asset universe.
  4. Technical Complexity While developers are able to avoid a lot of regulatory complexity (see Strengths above), they are replacing it with increased technical complexity. Most non-custodial wallets are entirely dependent on smart contract technology which is still very experimental and early in development (see Insurance section of this DeFi use-cases post). Major bugs and major hacks do happen. Even recently, it was discovered that Argent had a “high severity vulnerability.” Fortunately, Argent fixed it and their users didn’t lose funds. The tools, frameworks, and best practices around smart contract technology are all still being established. Things can still easily go wrong, and they do.
  5. Loss of Funds Risk Beyond the technical risks mentioned above, with non-custodial wallets, it’s very easy for users to make mistakes. There is no “Forgot Password.” There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own, just as CZ suggests. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. There are some new developments around social recovery, but that’s all still very experimental. This just isn’t the type of customer support experience people are used to. And it’s not a risk that most are willing to take.
  6. Integration with Fiat & Traditional Finance In today’s world, it’s still very hard to use crypto for daily spending (see Payments in our DeFi use-cases post). Hopefully, that will all change someday. In the meantime, if any of these non-custodial products hope to win in the broader consumer finance market, they will undoubtedly need to integrate with the legacy financial world — they need onramps (fiat-to-crypto deposit methods) and offramps (crypto-to-fiat withdraw/spend methods). As much as crypto-fanatics hate hearing it, you can’t expect people to jump headfirst into the new world unless there is a smooth transition, unless there are bridge technologies that help them arrive. This is why these fiat integrations are so important. Examples might be allowing ACH/Wire deposits (eg. via Plaid) or launching a debit card program for spend/withdraw. These fiat integrations are essential if the aim is to become the bank of the future. Doing any of this compliantly will require strong KYC/AML. So to achieve this use-case — integrating with traditional finance —all of the Strengths we mentioned above are nullified. There are no longer regulatory benefits. There are no longer privacy benefits (users need to upload KYC documents, etc). And users are no longer in complete control of their money.

Wrap Up

One of the great powers of crypto is that we no longer depend on banks. Anyone can store their wealth and have absolute control of their money. That’s made possible with these non-custodial wallets. It’s a wonderful thing.
I believe that the most knowledgeable and experienced crypto people (including myself) will always be active users of these applications. And as mentioned in this post, there will certainly be circumstances where these apps will be essential & even life-saving.
However, I do not believe this category of product is a major threat to Genesis Block to becoming the bank of the future.
They won’t win in the broader consumer finance market — mostly because I don’t believe that’s their target audience. These applications simply cannot produce the type of product experience that the masses require, want, or expect. The Weaknesses I’ve outlined above are just too overwhelming. The friction for mass-market consumers is just too much.

https://preview.redd.it/lp8dzxeh1lg51.png?width=800&format=png&auto=webp&s=03acdce545cd032f7e82b6665b001d7a06839557
The winning bank will be focused on solving real user problems and meeting user needs. Not slowed down by rigid idealism like censorship-resistance and absolute decentralization, as it is with most non-custodial wallets. The winning bank will be a world-class product that’s smooth, performant, and accessible. Not sluggish and slow, as it is with most non-custodial wallets. The winning bank will be one where blockchain & crypto is mostly invisible to end-users. Not front-and-center as it is with non-custodial wallets. The winning bank will be one managed and run by professionals who know exactly what they’re doing. Not DIY (Do It Yourself), as it is with non-custodial wallets.
So are these non-custodial wallets a threat to Genesis Block in winning the broader consumer finance market, and becoming the bank of the future?
No. They are designed for a very different audience.
------
Other Ways to Consume Today's Episode:
Follow our social channels: https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Best Ways to Passively Earn Free Bitcoin & Crypto in 2020

Here are my best ways to earn free crypto passively in 2020 with the least amount of effort. Hopefully these 5 methods are helpful to you.

Earning Crypto for Things You Do Already
1) Brave Browser (BAT)
For me, one of the biggest no brainers out there for earning free cryptocurrency is the Brave Browser and their BAT token. This new browser looks and feels like the Chrome browser, but is better in so many ways…
AD BLOCKERS: Most websites and ads include software that track your every move as you browse the web. Brave Shields block these incoming ads and trackers to allow a more private, uninterrupted browsing experience.
SPEED: One perk of blocking those ads and trackers is that they can no longer slow down your page uploads. Brave Browser can load sites up to six times faster than Chrome, Safari and Firefox.
PRIVACY: Most browsers have a “private mode,” but this only hides your history from others using your browser. Brave’s Tor feature not only hides history, but it also masks your location from the sites you visit by routing your browsing through several servers before it reaches your destination. These connections are encrypted to increase anonymity.
REWARDS: So now on to the part that earns you free cryptocurrency. While the Brave browser blocks unwanted ads, it gives you the option to earn rewards (BAT Tokens) by opting into their privacy-respecting ads. Get paid to view small, non-intrusive ads as you browse the internet. This feature is completely optional as the browser gives you the option to allow anywhere from 5 ads per hour (max) down to no ads at all if you would prefer to forgo earning BAT tokens and want to just enjoy an ad free browsing experience.
If you are worried to move away from the Chrome browser because you rely on some of the Chrome extensions, not to worry. Brave browser should maintain support for all of your Chrome extensions.
Brave browser is a great way to passively earn cryptocurrency for doing something you already do. In addition, if you are willing to put in just a little more work, you can earn more BAT by signing up for their Brave Creators program. This will give you a referral link that you can pass along to friends and family to earn additional BAT tokens for each person that downloads the browser. Referral bonuses differ depending on what country the new user is from, for example new users from the United States are currently worth $7.50 of BAT each. If you would like to get started with the Brave Browser and earning BAT tokens, you can use the link below to download.
Brave Download Page

2) Presearch (PRE)
A natural addition to the Brave browser is Presearch. While you are getting paid to browse the internet with Brave, you might as well get paid for your internet searches as well. Presearch is a new internet search engine that pays you for each search in the form of their PRE token. And just like the Brave browser, one of the best perks, besides getting paid to do what you already do, is that you are not sacrificing quality to get it. In their own words, “WE ARE BUILDING A NEXT-GENERATION SEARCH ENGINE, POWERED BY THE COMMUNITY.”
Worried you won’t get as good of search results as Google? Nothing to worry about there as you can simply choose Google as your default provider within Presearch and you will be directed to Google’s results when you enter your search. In fact, you can direct your search to any number of sites (96 as of this writing) for any given search. They make this easy to switch back and forth as there is a list of your favorite sites directly under the search bar. Some examples of the more popular sites include Amazon, Youtube, Facebook, Reddit, ESPN and Netflix.
If you are so inclined, in addition to getting paid for your internet searches, Presearch also allows you to use your purchased or earned PRE tokens to buy keyword ads. In their words, “Keyword Staking enables token holders to commit or ‘stake’ their PRE tokens against specific words and multi-word terms. With Presearch Keyword Staking you choose a keyword (ex. ‘Bitcoin’) and then stake PRE tokens that you’ve purchased or earned against that term. You can then create an ad that you link to the website of your choice.”
To begin earning PRE for all your internet searches, use the link below.
Presearch Sign Up

3) Crypto.com (CRO & MCO)
Crypto.com is on a mission to be the leader in cryptocurrency adoption to the masses so they are being aggressive with their customer incentives. Another great way to earn crypto for doing what you already do is via their Debit Card cash-back. Crypto.com has great eye-catching, metal crypto reward credit cards that pay you cash back for all of your day to day purchases anywhere VISA is accepted. Depending on which level of card you get, these credit cards reward 1% to 5% cashback (paid in their MCO token) on all spending along with other great benefits like free ATM & international withdrawals, 100% cashback on Spotify & Netflix subscriptions and airport lounge access. You can find the full details for each card on their website, but below is a breakdown of the benefits on their three lowest entry level cards. Note that some of these benefits are reduced if you are not staking their MCO token.
MIDNIGHT BLUE (Plastic Card)
Cash Back Reward: 1%
Monthly Free ATM Withdrawal Limit: $200
Required MCO Stake: None (Free)

RUBY STEEL (Metal)
Cash Back Reward: 2%
100% cashback on a standard Spotify subscription (up to $12.99)
Monthly Free ATM Withdrawal Limit: $400
Required MCO Stake: 50

JADE GREEN & ROYAL INDIGO (Metal)
Cash Back Reward: 3%
100% cashback on a standard Spotify subscription (up to $12.99)
100% cashback on a standard Netflix subscription (up to $12.99)
Monthly Free ATM Withdrawal Limit: $800
Airport Lounge Access
Required MCO Stake: 500

PLEASE NOTE: Cards are currently available in the US, Singapore and Europe. And hopefully very soon will be available in Asia Pacific and Canada as well.
In order to get your hands on one of these cards you will need to open a Crypto.com account if you don’t already have one. There is good news if you don’t already have one, as new sign ups can get $50 worth of MCO tokens free by using the link and promo code I have posted below. Please note that the $50 of MCO tokens will remain locked until you deposit & stake at least 50 MCO tokens toward the sign up of the particular card you are interested in.
In case you are unfamiliar with the term “staked”, this simply means that those coins will be locked up for whatever length of time that card requires. It is important to note that you are not paying or losing those coins as you will be free to sell the staked MCO at the end of holding period and continue to earn crypto cash-back from your card. Or you can leave your MCO coins staked and continue to earn interest on them. For example, if you hold a Jade Green card which requires a 500 MCO stake, they are currently offering 6% interest on those coins which is paid out in more MCO.
In summary, Crypto.com cards are a great way to earn free crypto on your everyday purchases along with other great perks like free (100% cashback) Netflix and Spotify subscriptions. In addition, a small layer of comfort in signing up for one of these cards, is that Crypto.com is one of the largest, most trusted crypto exchanges out there right now. In fact, if you are also looking for an exchange to get started with purchasing crypto assets, your Crypto.com account would be great for that as well. To claim your Crypto.com debit rewards card you can use the link below. If you do not currently have a Crypto.com account and would like to get the $50 Sign Up Bonus use the link along with the promo code.
Crypto.com Sign Up (Get $50 Bonus)
PROMO CODE: gapena3dq4
Earn Free Crypto Instantly for a Little Bit of Your Time

4) Coinbase Earn
In an effort to educate its users and to try and simplify the sometimes complex world of cryptocurrency, Coinbase has put together the Coinbase Earn program. They have partnered with some of the biggest blockchain projects out there to offer you free crypto for watching short educational videos about the coin you are getting rewarded in. These videos are normally about 2-3 minutes long and pay you $2 to $4 per video, with each project having about 4 or 5 total videos.
In order to collect your reward, you normally need to successfully answer a multiple choice question at the end of the video which is usually fairly simple. If you get the question wrong don’t worry, they will allow you to watch the video over again until you get the question correct. Once you have answered the question correctly you will immediately receive your tokens that you are free to sell or exchange for another token of your choice if you would like.
Coinbase is changing their active offerings for these videos all the time and usually have about 4 or 5 projects available at any given time. In addition, some of the projects will not be immediately available and will require you to join a waitlist. Then, once the offering is available to you, they will email you with a link to the videos. Below is the current list of available offerings as of this writing and I will do my best to keep these updated. However, once you have a Coinbase account you can log in and check for new projects on your own. Speaking of which, a Coinbase account is required before you can watch the videos so if you do not already have one you can use the link below to sign up. Using this link will also get you $10 of free Bitcoin as a sign up bonus (Note that to get the free $10 you must buy or sell $100 worth of crypto within 180 days of signing up).
Coinbase Sign Up ($10 Bonus)

Current Coinbase Earn Offerings:
1. EOS – 5 Videos / $2 each / $10 Total
Watch EOS Videos
2. Orchid (OXT)- 3 Videos / $4 each / $12 Total
Watch OXT Videos
3. Stellar Lumens (XLM) - 5 Videos / $2 each / $10
Watch XLM Videos
*** Each of these offerings also provides the opportunity to earn an additional $40 each for referring them to friends and family. ($10 per referral / Max of 4 each)

5) EarnCrypto.com
If you have some free time on your hands and are willing to put in a little effort, EarnCrypto.com is another good option for earning free Bitcoin or other cryptocurrencies. On this site you will get paid free crypto for completing tasks like watching videos, playing games and taking surveys.
One nice thing about this site is that once you have completed your task you will be given your free crypto instantly and they offer a very wide selection of coins to pick from. I think right now they offer over 80 different cryptocurrencies for rewards and you get to choose which coin you want to get paid in. This makes for a great way to gain some exposure to lower market cap coins that are often not listed on the major exchanges. In addition, they are adding new coins all the time, so you can send them a request to add your favorite crypto if they don’t already offer it. Use the link below to open an account and start earning the cryptocurrency of your choice now.
EarnCrypto.com Sign Up
submitted by CaliBum16 to passiveincome [link] [comments]

Best Ways to Passively Earn Free Bitcoin & Crypto in 2020

Here are my best ways to earn free crypto passively in 2020 with the least amount of effort. Hopefully these 5 methods are helpful to you.
Earning Crypto for Things You Do Already
1) Brave Browser (BAT)
For me, one of the biggest no brainers out there for earning free cryptocurrency is the Brave Browser and their BAT token. This new browser looks and feels like the Chrome browser, but is better in so many ways…
AD BLOCKERS: Most websites and ads include software that track your every move as you browse the web. Brave Shields block these incoming ads and trackers to allow a more private, uninterrupted browsing experience.
SPEED: One perk of blocking those ads and trackers is that they can no longer slow down your page uploads. Brave Browser can load sites up to six times faster than Chrome, Safari and Firefox.
PRIVACY: Most browsers have a “private mode,” but this only hides your history from others using your browser. Brave’s Tor feature not only hides history, but it also masks your location from the sites you visit by routing your browsing through several servers before it reaches your destination. These connections are encrypted to increase anonymity.
REWARDS: So now on to the part that earns you free cryptocurrency. While the Brave browser blocks unwanted ads, it gives you the option to earn rewards (BAT Tokens) by opting into their privacy-respecting ads. Get paid to view small, non-intrusive ads as you browse the internet. This feature is completely optional as the browser gives you the option to allow anywhere from 5 ads per hour (max) down to no ads at all if you would prefer to forgo earning BAT tokens and want to just enjoy an ad free browsing experience.
If you are worried to move away from the Chrome browser because you rely on some of the Chrome extensions, not to worry. Brave browser should maintain support for all of your Chrome extensions.
Brave browser is a great way to passively earn cryptocurrency for doing something you already do. In addition, if you are willing to put in just a little more work, you can earn more BAT by signing up for their Brave Creators program. This will give you a referral link that you can pass along to friends and family to earn additional BAT tokens for each person that downloads the browser. Referral bonuses differ depending on what country the new user is from, for example new users from the United States are currently worth $7.50 of BAT each. If you would like to get started with the Brave Browser and earning BAT tokens, you can use the link below to download.
Brave Download Page

2) Presearch (PRE)
A natural addition to the Brave browser is Presearch. While you are getting paid to browse the internet with Brave, you might as well get paid for your internet searches as well. Presearch is a new internet search engine that pays you for each search in the form of their PRE token. And just like the Brave browser, one of the best perks, besides getting paid to do what you already do, is that you are not sacrificing quality to get it. In their own words, “WE ARE BUILDING A NEXT-GENERATION SEARCH ENGINE, POWERED BY THE COMMUNITY.”
Worried you won’t get as good of search results as Google? Nothing to worry about there as you can simply choose Google as your default provider within Presearch and you will be directed to Google’s results when you enter your search. In fact, you can direct your search to any number of sites (96 as of this writing) for any given search. They make this easy to switch back and forth as there is a list of your favorite sites directly under the search bar. Some examples of the more popular sites include Amazon, Youtube, Facebook, Reddit, ESPN and Netflix.
If you are so inclined, in addition to getting paid for your internet searches, Presearch also allows you to use your purchased or earned PRE tokens to buy keyword ads. In their words, “Keyword Staking enables token holders to commit or ‘stake’ their PRE tokens against specific words and multi-word terms. With Presearch Keyword Staking you choose a keyword (ex. ‘Bitcoin’) and then stake PRE tokens that you’ve purchased or earned against that term. You can then create an ad that you link to the website of your choice.”
To begin earning PRE for all your internet searches, use the link below.
Presearch Sign Up

3) Crypto.com (CRO & MCO)
Crypto.com is on a mission to be the leader in cryptocurrency adoption to the masses so they are being aggressive with their customer incentives. Another great way to earn crypto for doing what you already do is via their Debit Card cash-back. Crypto.com has great eye-catching, metal crypto reward credit cards that pay you cash back for all of your day to day purchases anywhere VISA is accepted. Depending on which level of card you get, these credit cards reward 1% to 5% cashback (paid in their MCO token) on all spending along with other great benefits like free ATM & international withdrawals, 100% cashback on Spotify & Netflix subscriptions and airport lounge access. You can find the full details for each card on their website, but below is a breakdown of the benefits on their three lowest entry level cards. Note that some of these benefits are reduced if you are not staking their MCO token.

MIDNIGHT BLUE (Plastic Card)
Cash Back Reward: 1%
Monthly Free ATM Withdrawal Limit: $200
Required MCO Stake: None (Free)

RUBY STEEL (Metal)
Cash Back Reward: 2%
100% cashback on a standard Spotify subscription (up to $12.99)
Monthly Free ATM Withdrawal Limit: $400
Required MCO Stake: 50

JADE GREEN & ROYAL INDIGO (Metal)
Cash Back Reward: 3%
100% cashback on a standard Spotify subscription (up to $12.99)
100% cashback on a standard Netflix subscription (up to $12.99)
Monthly Free ATM Withdrawal Limit: $800
Airport Lounge Access
Required MCO Stake: 500

PLEASE NOTE: Cards are currently available in the US, Singapore and Europe. And hopefully very soon will be available in Asia Pacific and Canada as well.
In order to get your hands on one of these cards you will need to open a Crypto.com account if you don’t already have one. There is good news if you don’t already have one, as new sign ups can get $50 worth of MCO tokens free by using the link and promo code I have posted below. Please note that the $50 of MCO tokens will remain locked until you deposit & stake at least 50 MCO tokens toward the sign up of the particular card you are interested in.
In case you are unfamiliar with the term “staked”, this simply means that those coins will be locked up for whatever length of time that card requires. It is important to note that you are not paying or losing those coins as you will be free to sell the staked MCO at the end of holding period and continue to earn crypto cash-back from your card. Or you can leave your MCO coins staked and continue to earn interest on them. For example, if you hold a Jade Green card which requires a 500 MCO stake, they are currently offering 6% interest on those coins which is paid out in more MCO.
In summary, Crypto.com cards are a great way to earn free crypto on your everyday purchases along with other great perks like free (100% cashback) Netflix and Spotify subscriptions. In addition, a small layer of comfort in signing up for one of these cards, is that Crypto.com is one of the largest, most trusted crypto exchanges out there right now. In fact, if you are also looking for an exchange to get started with purchasing crypto assets, your Crypto.com account would be great for that as well. To claim your Crypto.com debit rewards card you can use the link below. If you do not currently have a Crypto.com account and would like to get the $50 Sign Up Bonus use the link along with the promo code.
Crypto.com Sign Up (Get $50 Bonus)
PROMO CODE: gapena3dq4

Earn Free Crypto Instantly for a Little Bit of Your Time
4) Coinbase Earn
In an effort to educate its users and to try and simplify the sometimes complex world of cryptocurrency, Coinbase has put together the Coinbase Earn program. They have partnered with some of the biggest blockchain projects out there to offer you free crypto for watching short educational videos about the coin you are getting rewarded in. These videos are normally about 2-3 minutes long and pay you $2 to $4 per video, with each project having about 4 or 5 total videos.
In order to collect your reward, you normally need to successfully answer a multiple choice question at the end of the video which is usually fairly simple. If you get the question wrong don’t worry, they will allow you to watch the video over again until you get the question correct. Once you have answered the question correctly you will immediately receive your tokens that you are free to sell or exchange for another token of your choice if you would like.
Coinbase is changing their active offerings for these videos all the time and usually have about 4 or 5 projects available at any given time. In addition, some of the projects will not be immediately available and will require you to join a waitlist. Then, once the offering is available to you, they will email you with a link to the videos. Below is the current list of available offerings as of this writing and I will do my best to keep these updated. However, once you have a Coinbase account you can log in and check for new projects on your own. Speaking of which, a Coinbase account is required before you can watch the videos so if you do not already have one you can use the link below to sign up. Using this link will also get you $10 of free Bitcoin as a sign up bonus (Note that to get the free $10 you must buy or sell $100 worth of crypto within 180 days of signing up).
Coinbase Sign Up ($10 Bonus)

Current Coinbase Earn Offerings:
1. EOS – 5 Videos / $2 each / $10 Total
Watch EOS Videos
2. Orchid (OXT)- 3 Videos / $4 each / $12 Total
Watch OXT Videos
3. Stellar Lumens (XLM) - 5 Videos / $2 each / $10
Watch XLM Videos
*** Each of these offerings also provides the opportunity to earn an additional $40 each for referring them to friends and family. ($10 per referral / Max of 4 each)

5) EarnCrypto.com
If you have some free time on your hands and are willing to put in a little effort, EarnCrypto.com is another good option for earning free Bitcoin or other cryptocurrencies. On this site you will get paid free crypto for completing tasks like watching videos, playing games and taking surveys.
One nice thing about this site is that once you have completed your task you will be given your free crypto instantly and they offer a very wide selection of coins to pick from. I think right now they offer over 80 different cryptocurrencies for rewards and you get to choose which coin you want to get paid in. This makes for a great way to gain some exposure to lower market cap coins that are often not listed on the major exchanges. In addition, they are adding new coins all the time, so you can send them a request to add your favorite crypto if they don’t already offer it. Use the link below to open an account and start earning the cryptocurrency of your choice now.
EarnCrypto.com Sign Up

What are the best exchanges to buy crypto in the US?

Are you looking to start investing in cryptocurrency and wondering where the best place to buy it is? Or if you are in the US, are you wondering which crypto exchanges are legal for you to use? Check out my post 5 Best Exchanges to Buy Crypto in the US linked below to get some answers to these.
https://cryptoassets101.blogspot.com/
submitted by CaliBum16 to u/CaliBum16 [link] [comments]

Ran full QT node exclusively for 24 hours on Azure

Ran full QT node exclusively for 24 hours on Azure submitted by romanrs to Bitcoin [link] [comments]

12-22 13:34 - ' Etherscan Export CSV Data - 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-4699...' by /u/mahdiamolimoghadam removed from /r/Bitcoin within 128-138min

'''
 Etherscan Export CSV Data - 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-46998878-6', { 'anonymize_ip': true }); .ether-search-heading { pointer-events: none !important; } .ether-search-heading .ui-menu-item-wrapper, .[link]^^1 .ui-menu-item-wrapper { cursor: default !important; border-color: transparent !important; 0 } .ui-menu-item .ether-search, .[link]^^2 .ether-search { background-color: transparent !important; border-color: #e7eaf3 !important; } .[link]^^2 .ether-search { background-color: #f8fafd !important; } .ui-menu-item .ether-search, .ui-menu-item .ether-search { background-color: transparent !important; border-color: transparent !important; } body.dark-mode .[link]^^2 .ether-search { background-color: #012137 !important; color: #a2b9c8 !important; border-color: #013558 !important; } //  Eth: $148.33 (-0.12%) Home Blockchain 
View Txns
View Pending Txns
View Contract Internal Txns
 View Blocks Forked Blocks (Reorgs) 
View Uncles
Top Accounts
Verified Contracts
 Tokens 
ERC-20 Top Tokens
View ERC-20 Transfers
ERC-721 Top Tokens
View ERC-721 Transfers
 Resources 
Ethereum Directory
Charts & Stats
Top Statistics
 More Developers 
APIs
Verify Contract
Byte to Opcode
Broadcast TXN
Vyper Online Compiler
 Swarm & ENS 
SWARM Search
SWARM Upload
ENS Events
ENS Lookup
 Service Tracker 
Dapp Tracker New
DEX Tracker
DEX OrderBooks
Gas Tracker
Node Tracker
Loan Tracker
 Misc 
Mining Calculator
Verified Signature
Similiar Contracts
Label Word Cloud
 Sign In  Explorers 
Ethereum Mainnet
Ethereum Mainnet CN
Ropsten Testnet
Kovan Testnet
Rinkeby Testnet
Goerli Testnet
EWC Chain
Beacon Testnet Eth2.0
 All FiltersAddressesTokensName TagsLabelsWebsites 
Download Data (Transactions)
The information you requested can be downloaded from this page. But before continuing please verify that you are not a robot by completing the captcha below.
 Export the earliest 5000 records starting from  Powered by Ethereum 
Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform.
 Preferences 
Company
About Us
Advertise
Contact Us
Brand Assets
Terms of Service
Community
Developer APIs
Knowledge Base
Network Status
Disqus Comments
Social Links
Twitter
Facebook
Medium
Reddit
Etherscan آ© 2019 (A)
Donations 0x71c7656ec7ab88b098defb751b7401b5f6d8976f
 This website uses cookies to improve your experience and has an updated Privacy Policy. Got It $(window).on('load', function () { // initialization of HSMegaMenu component $('.js-mega-menu').HSMegaMenu({ event: 'hover', pageContainer: $('.container'), breakpoint: 767.98, hideTimeOut: 0 }); }); $(document).on('ready', function () { // initialization of header $.HSCore.components.HSHeader.init($('#header')); // initialization of unfold component $.HSCore.components.HSUnfold.init($('[data-unfold-target]'), { afterOpen: function () { $(this).find('input[type="search"]').focus(); } }); // initialization of malihu scrollbar $.HSCore.components.HSMalihuScrollBar.init($('.js-scrollbar')); // initialization of focus state $.HSCore.components.HSFocusState.init(); // initialization of go to $.HSCore.components.HSGoTo.init('.js-go-to'); // initialization of cubeportfolio //$.HSCore.components.HSCubeportfolio.init('.cbp'); }); var strGlobal = sessionStorage.getItem("ShowAs"); var cookieconsent = getCookie("etherscan_cookieconsent"); if (cookieconsent !== "True") { document.getElementById("divcookie").style.display = "block"; }; function getCookie(cname) { var name = cname + "="; var ca = document.cookie.split(';'); for (var i = 0; i < ca.length; i++) { var c = ca[i]; while (c.charAt(0) === ' ') { c = c.substring(1); } if (c.indexOf(name) === 0) { return c.substring(name.length, c.length); } } return ""; } $("#btnCookie").click(function () { $("#divcookie").fadeOut("slow", function () { var d = new Date(); d.setTime(d.getTime() + (1095 * 24 * 60 * 60 * 1000)); var expires = "expires=" + d.toUTCString(); document.cookie = "etherscan_cookieconsent=True" + ";" + expires + ";path=/";; }); }); function handleSearchText(data) { searchAddress = false; if ($("txtSearchInput").val() == "") { $("#hdnSearchText").val(""); } } jQuery(document).ready(function () { $.HSCore.components.HSRangeDatepicker.init('.js-range-datepicker'); $.HSCore.components.HSValidation.init('.js-validate'); }); var correctCaptcha = function (response) { //alert(response); }; function get_action(form) { var v = grecaptcha.getResponse(); if (v.length == 0) { console.log("You can't leave captcha code empty"); return false; } else { console.log("Captcha completed"); document.getElementById("responsetext").innerHTML = "
Your download is being processed.
"; document.getElementById("ContentPlaceHolder1_divAlertMsg").style.display = "none"; document.getElementById("ContentPlaceHolder1_btnSubmit").style.display = "none"; document.getElementById("rcaptcha").style.visibility = "hidden"; return true; } }
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: mahdiamolimoghadam
1: ether-search-heading:hover 2: ui-menu-item:hover 3: ui-menu-item:hover 4: ui-menu-item:hover
submitted by removalbot to removalbot [link] [comments]

MeWe: A trip report

Among the more frequently mentioned G+ alternatives at the Google+ Mass Migration community, and others, is MeWe with over 250 mentions. The site bills itself as "The Next-Gen Social Network" and the "anti-Facebook": "No Ads, No Political Bias, No Spyware. NO BS. It is headed by professed Libertarian CEO Mark Weinstein.
As the site reveals no public user-generated content to non-members, it's necessary to create an account in order to get a full impression. I thought I'd provide an overview based on recent explorations.
This report leads of with background on the company, though readers may find the report and analysis of specific groups on the site of interest.

Leadership

Founder & CEO Mark Weinstein.
Co-Founder & Chief Scientist, Jonathan Wolfe (no longer with company).
Weinstein previously founded SuperFamily and SuperFriends, "at the turn of the millennium". Weinstein's MeWe biography lists articles published by The Mirror (UK), Huffington Post, USA Today, InfoSecurity Magazine, Dark Reading, and the Nation. His media appearances include MarketWatch, PBS, Fox News, and CNN. He's also the author of several personal-success books.
His Crunchbase bio is a repeat of the MeWe content.

Advisory Board

Ownership & Investment

MeWe is the dba of Sgrouples, a private for-profit early-stage venture company based in Los Angeles, though with a Mountain View HQ and mailing address, 11-50 employees, with $10m in funding over five rounds, and a $20m valuation as of 2016.
Sgrouples, Inc., dba MeWe Trust & Safety - Legal Policy c/o Fenwick West 801 California Street Mountain View, CA 94041
Crunchbase Profile.
Founded: 2012 (source)
Secured $1.2M in seed funding in 2014.
2016 valuation: $20m (source]
Backers:
Despite the business address, the company claims to be based in Los Angeles County, California and is described by the Los Angeles Business Journal as a Culver City, CA, company.

Business

Policy

In an August 6, 2018 Twitter post, Weinstein promotes MeWe writing:
Do you have friends still on Facebook? Share this link with them about Facebook wanting their banking information - tell them to move to MeWe now! No Ads. No Spyware. No Political Agenda. No Bias Algorithms. No Shadow Banning. No Facial Recognition.
MeWe provide several policy-related links on the site:
Highlights of these follow.

Privacy

The privacy policy addresses:

Terms of Service

The ToS addresses:
Effective: November 6, 2018.

FAQ

The FAQ addresses:

Values

This emphasises that people are social cratures and private people by right. The service offers the power of self expression under an umbrella of safety. It notes that our innermost thoughts require privacy.
Under "We aspire...":
MeWe is here to empower and enrich your world. We challenge the status quo by making privacy, respect, and safety the foundations of an innovatively designed, easy-to-use social experience.
Totalling 182 words.

Privacy Bill of Rights

A ten-item statement of principles (possibly inspired by another document, it might appear):
  1. You own your personal information & content. It is explicitly not ours.
  2. You will never receive a targeted advertisement or 3rd party content based on what you do or say online. We think that's creepy.
  3. You see every post in timeline order from your friends, family & groups. We do not manipulate, filter, or change the order of your content or what you see.
  4. Permissions & privacy are your rights. You control them.
  5. You control who can access your content.
  6. You control what, if anything, others can see in member searches.
  7. Your privacy means we do not share your personal information with anyone.
  8. Your emojis are for you and your friends. We do not monitor or mine your data.
  9. Your face is your business. We do not use facial recognition technology.
  10. You have the right to delete your account and take your content with you at any time.

Press

There are a few mentions of MeWe in the press, some listed on the company's website, others via web search.

Self-reported articles

The following articles are linked directly from MeWe's Press page:
The page also lists a "Privacy Revolution Required Reading" list of 20 articles all addressing Facebook privacy gaffes in the mainstream press (Wired, TechCrunch, Fortune, Gizmodo, The Guardian, etc.).
There are further self-reported mentions in several of the company's PR releases over the years.

Other mentions

A DuckDuckGo search produces several other press mentions, including:

Technology

This section is a basic rundown of the user-visible site technology.

Mobile Web

The site is not natively accessible from a mobile Web browser as it is overlayed with a promotion for the mobile application instead. Selecting "Desktop View" in most mobile browsers should allow browser-based access.

Mobile App

There are both Android and iOS apps for MeWe. I've used neither of these, though the App store entries note:
Crunchbase cites 209,220 mobile downloads over the past 30 days (via Apptopia), an 80.78% monthly growth rate, from Google Play.

Desktop Web

Either selecting "View Desktop" or navigating with a Desktop browser to https://www.mewe.com your are presented with a registration screen, with the "About", "Privacy Bill of Rights", "MeWe Challenge", and a language selector across the top of the page. Information requested are first and last name, phone or email, and a password. Pseudonymous identities are permitted, though this isn't noted on the login screen. Returning members can use the "Member Log In" button.
The uMatrix Firefox extension reveals no third-party content: all page elements are served from mewe.com, img.mewe.com, cdn.mewe.com, or ws.mewe.com. (In subsequent browsing, you may find third-party plugins from, for example, YouTube, for videos, or Giphy, for animated GIFs.)
The web front-end is nginx. The site uses SSL v3, issued by DigiCert Inc. to Sgrouples, Inc.

Onboarding

The onboarding experience is stark. There is no default content presented. A set of unidentified icons spans the top of the screen, these turn out to be Home, Chats, Groups, Pages, and Events. New users have to, somehow, find groups or people to connect with, and there's little guidance as to how to do this.

Interface

Generally there is a three panel view, with left- and right-hand sidebars of largely navigational or status information, and a central panel with main content. There are also pop-up elements for chats, an omnipresent feature of the site.
Controls display labels on some devices and/or resolutions. Controls do not provide tooltips for navigational aid.

Features

Among the touted features of MeWe are:

Community

A key aspect of any social network is its community. Some of the available or ascertained information on this follows.

Size

Weinstein claims a "million+ following inside MeWe.com" on Twitter.
The largest visible groups appear to have a maximum of around 15,000 members , for "Awesome gifs". "Clean Comedy" rates 13,350, and the largest open political groups, 11,000+ members.
This compares to Google+ which has a staggering, though Android-registrations-inflated 3.3 billion profiles, and 7.9 million communities, though the largest of these come in at under 10 million members. It's likely that MeWe's membership is on the whole more more active than Google+'s, where generally-visible posting activity was limited to just over 9% of all profiles, and the active user base was well under 1% of the total nominal population.

Active Users

MeWe do not publish active users (e.g., MUA / monthly active users) statistics.

Groups

MeWe is principally a group-oriented discussion site -- interactions take place either between individuals or within group contexts. Virtually all discovery is group-oriented. The selection and dynamics of groups on the site will likely strongly affect user experience, so exploring the available groups and their characteristics is of interest.
"MeWe has over 60,000 open groups" according to its FAQ.
The Open groups -- visible to any registered MeWe user, though not to the general public Web -- are browsable, though sections and topics must be expanded to view the contents: an overview isn't immediately accessible. We provide a taste here.
A selection of ten featured topics spans the top of the browser. As I view these, they are:
Specific groups may appear in multiple categories.
The top Groups within these topics have, variously, 15,482, 7,738, 15,482 (dupe), 7,745, 8,223, 8,220, 1,713, 9,527, 2,716, and 1,516 members. Listings scroll at length -- the Music topic has 234 Groups, ranging in size from 5 to 5,738 members, with a median of 59, mean of 311.4, and a 90%ile of 743.5.
Below this is a grid of topics, 122 in all, ranging from Activism to Wellness, and including among them. A selected sample of these topics, with top groups listed members in (parens), follows:
To be clear: whilst I've not included every topic, I've sampled a majority of them above, and listed not an arbitrary selection, but the top few Groups under each topic.

Google+ Groups

The Google Plus expats group seems the most active of these by far.

Political Groups

It's curious that MeWe make a specific point in their FAQ that:
At MeWe we have absolutely no political agenda and we have a very straightforward Terms of Service. MeWe is for all law-abiding people everywhere in the world, regardless of political, ethnic, religious, sexual, and other preferences.
There are 403 political groups on MeWe. I won't list them all here, but the first 100 or so give a pretty clear idea of flavour. Again, membership is in (parentheses). Note that half the total political Groups memberships are in the first 21 groups listed here, the first 6 are 25% of the total.
  1. Donald J. Trump 2016 - Present (11486)
  2. The Conservative's Hangout (8345)
  3. Qanon Follow The White Rabbit (5600)
  4. Drain The Swamp (4978)
  5. Libertarians (4528)
  6. United We Stand Trump2020 (4216)
  7. The Right To Self Defense (3757)
  8. Alternative Media (3711)
  9. Hardcore Conservative Patriots for Trump (3192)
  10. Bastket Of Deplorables4Trump! (3032)
  11. Return of the Republic (2509)
  12. Infowars Chat Room Unofficial (2159)
  13. Donald Trump Our President 2017-2025 (2033)
  14. Berners for Progress (1963)
  15. Sean Hannity Fans (1901)
  16. The American Conservative (1839)
  17. I Am The NRA (1704)
  18. Tucker Carlson Fox News (1645)
  19. We Love Donald Trump (1611)
  20. MAGA - Make America Great Again (1512)
  21. Q (1396)
  22. ClashDaily.com (1384)
  23. news from the front (1337)
  24. Basket of Deplorables (1317)
  25. Payton's Park Bench (1283)
  26. Convention of States (1282)
  27. Britons For Brexit (1186)
  28. MoJo 5.0 Radio (1180)
  29. MeWe Free Press (1119)
  30. The Constitutionally Elite (1110)
  31. Libertarian (1097)
  32. WOMEN FOR PRESIDENT TRUMP (1032)
  33. AMERICANS AGAINST ISIS and OTHER ENEMIES (943)
  34. #WalkAway Campaign (894)
  35. ALEX JONES (877)
  36. The Lion Is Awake ! (854)
  37. We Support Donald Trump! (810)
  38. The Stratosphere Lounge (789)
  39. TRUMP-USA-HANDS OFF OUR PRESIDENT (767)
  40. Official Tea Party USA (749)
  41. Mojo50 Jackholes (739)
  42. Yes Scotland (697)
  43. "WE THE DEPLORABLE" - MOVE ON SNOWFLAKE! (688)
  44. Judge Jeanine Pirro Fans (671)
  45. Anarcho-Capitalism (658)
  46. Ted Cruz for President (650)
  47. No Lapdog Media (647)
  48. Q Chatter (647)
  49. Daily Brexit (636)
  50. Tucker Carlson Fox News (601)
  51. The Trumps Storm Group (600)
  52. QAnon-Patriots WWG1WGA (598)
  53. 100% American (569)
  54. Ladies For Donald Trump (566)
  55. Deep State (560)
  56. In the Name of Liberty (557)
  57. Material Planet (555)
  58. WikiUnderground (555)
  59. Trump NRA Free Speech Patriots on MeWe Gab.ai etc (546)
  60. Magna Carta Group (520)
  61. Constitutional Conservatives (506)
  62. Question Everything (503)
  63. Conspiracy Research (500)
  64. Bill O'Reilly Fans (481)
  65. Conservative Misfit's (479)
  66. Canadian politics (478)
  67. Anarchism (464)
  68. HARDCORE DEPLORABLES (454)
  69. Deplorable (450)
  70. Tampa Bay Trump Club (445)
  71. UK Politics (430)
  72. Bongino Fan Page (429)
  73. Radical Conservatives (429)
  74. RESIST THE RESISTANCE (419)
  75. The Deplorables (409)
  76. America's Freedom Fighters (401)
  77. Politically Incorrect & Proud (399)
  78. CONSERVATIVES FOR AMERICA ! (385)
  79. Political satire (383)
  80. RISE OF THE RIGHT (371)
  81. UK Sovereignty,Independence,Democracy -Everlasting (366)
  82. The Patriots Voting Coalition (359)
  83. End The Insanity (349)
  84. Coming American Civil War! (345)
  85. Constitutional Conservatives (343)
  86. United Nations Watch (342)
  87. A Revival Of The Critical Thinking Union (337)
  88. The New Libertarian (335)
  89. Libertarian Party (official ) (333)
  90. DDS United (Duterte Die-hard Supporters) (332)
  91. American Conservative Veterans (331)
  92. Anarchism/Agorism/Voluntaryism (328)
  93. America Needs Donald Trump (326)
  94. The UKIP Debating Society (321)
  95. Coalition For Trump (310)
  96. Egalitarianism (306)
  97. FRIENDS THAT LIKE JILL STEIN AND THE GREEN PARTY (292)
  98. 2nd Amendment (287)
  99. Never Forget #SethRich (286)
  100. Green Party Supporters 2020 (283)
It seems there is relatively little representation from the left wing, or even the centre, of the political spectrum. A case-insensitive match for "liberal" turns up:
Mainstream political parties are little represented, though again, the balance seems skewed searching on "(democrat|republic|gop)":
The terms "left" and "right" provide a few matches, not all strictly political-axis aligned:
Socialism and Communism also warrant a few mentions:
And there are some references to green, laboulabor parties:

Conclusion

Whilst there may not be a political agenda, there does appear to be at least a slight political bias to the site. And a distinctive skew on many other topical subjects.
Those seeking new homes online may wish to take this into account.

Updates

submitted by dredmorbius to plexodus [link] [comments]

SegWit would make it HARDER FOR YOU TO PROVE YOU OWN YOUR BITCOINS. SegWit deletes the "chain of (cryptographic) signatures" - like MERS (Mortgage Electronic Registration Systems) deleted the "chain of (legal) title" for Mortgage-Backed Securities (MBS) in the foreclosure fraud / robo-signing fiasco

Summary (TL;DR)

Many people who study the financial crisis which started in 2008 know about "MERS", or "Mortgage Electronic Registration Systems" - a company / database containing over 62 million mortgages.
(The word "mortgages" may be unfamiliar to some non-English speakers - since it is not a cognate with most other languages. In French, they say "hypothèques", or "hipotecas" in Spanish, "Hypotheken" in German, etc).
The goal of MERS was to "optimize" the process of transferring "title" (legal ownership) of real-estate mortgages, from one owner to another.
But instead, in the 2010 "foreclosure crisis", MERS caused tens of billions of dollars in losses and damages - due to the "ususual" way it handled the crucial "ownership data" for real-estate mortgages - the data at the very heart of the database.
https://duckduckgo.com/?q=%22foreclosure+fraud%22+%22robo+signing%22+MERS&t=h_&ia=web
How did MERS handle this crucial "ownership data" for real-estate mortgages?
The "brilliant" idea behind MERS to "optimize" the process of conveying (transferring) mortgages was to separate - and eventually delete - all the data proving who transferred what to whom!
Hmm... that sounds vaguely familiar. What does that remind me of?
SegWit separating and then deleting the "chain of (cryptographic) signatures" for bitcoins sounds a lot like MERS separating and then deleting the "chain of (legal) title" for mortgages.
So, SegWit and MERS have a lot in common:
Of course, the "experts" (on Wall Street, and at AXA-owned Blockstream) present MERS and SegWit as "innovations" - as a way to "optimize" and "streamline" vast chains of transactions reflecting ownership and transfer of valuable items (ie, real-estate mortgages, and bitcoins).
But, unfortunately, the "brilliant bat-shit insane approach" devised by the "geniuses" behind MERS and SegWit to do this is to simply delete the data which proved ownership and transfer of these items - information which is essential for legal purposes (in the case of mortgages), or security purposes (in the case of bitcoins).
So, the most pernicious aspect of SegWit may be that it encourages deleting all of Bitcoin's cryptographic security data - destroying the "chain of signatures" which (according to the white paper) are what define what a "bitcoin" actually is.
Wow, deleting signatures with SegWit sounds bad. Can I avoid SegWit?
Yes you can.
To guarantee the long-term cryptographic, legal and financial security of your bitcoins:

Details

MERS = "The dog ate your mortgage's chain of title".
SegWit = "The dog ate your bitcoin's chain of signatures."
Wall Street-backed MERS = AXA-backed SegWit
It is probably no coincidence that:
How is AXA related to Blockstream?
Insurance multinational AXA, while not a household name, is actually the second-most-connected "fiat finance" firm in the world.
AXA's former CEO Pierre Castries was head of the secretive Bilderberg Group of the world's ultra-rich. (Recently, he moved on to HSBC.)
Due to AXA's massive exposure to derivatives (bigger than any other insurance company), it is reasonable to assume that AXA would be destroyed if Bitcoin reaches trillions of dollars in market cap as a major "counterparty-free" asset class - which would actually be quite easy using simple & safe on-chain scaling - ie, just using bigger blocks, and no SegWit.
So, the above facts provide one plausible explanation of why AXA-owned Blockstream seems to be quietly trying to undermine Bitcoin...
Do any Core / Blockstream devs and supporters know about MERS - and recognize its dangerous parallels with SegWit?
It would be interesting to hear from some of the "prominent" Core / Blockstream devs and supporters listed below to find out if they are aware of the dangerous similarities between SegWit and MERS:
Finally, it could also be interesting to hear from:
Core / Blockstream devs might not know about MERS - but AXA definitely does
While it is likely that most or all Core / Blockstream devs do not know about the MERS fiasco...
...it is 100% certain that people at AXA (the main owners of Blockstream) do know about MERS.
This is because the global financial crisis which started in 2008 was caused by:
The major financial media and blogs (Naked Capitalism, Zero Hedge, Credit Slips, Washington's Blog, etc.) covered MERS extensively:
https://duckduckgo.com/?q=site%3Anakedcapitalism.com+mers&t=h_&ia=web
https://duckduckgo.com/?q=site%3Azerohedge.com+mers&t=h_&ia=web
https://duckduckgo.com/?q=site%3Acreditslips.org+mers&t=h_&ia=web
https://duckduckgo.com/?q=site%3Awashingtonsblog.com+mers&t=h_&ia=web
So people at all the major "fiat finance firms" such as AXA would of course be aware of CDOs, MBSs and MERS - since these have been "hot topics" in their industry since the start of the global financial crisis in 2008.
Eerie parallels between MERS and SegWit
Read the analysis below of MERS by legal scholar Christopher Peterson - and see if you notice the eerie parallels with SegWit (with added emphasis in bold, and commentary in square brackets):
http://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=3399&context=wmlr
Loans originated with MERS as the original mortgagee purport to separate the borrower’s promissory note, which is made payable to the originating lender, from the borrower’s conveyance of a mortgage, which purportedly is granted to MERS. If this separation is legally incorrect - as every state supreme court looking at the issue has agreed - then the security agreements do not name an actual mortgagee or beneficiary.
The mortgage industry, however, has premised its proxy recording strategy on this separation, despite the U.S. Supreme Court’s holding that “the note and mortgage are inseparable.” [Compare with the language from Satoshi's whitepaper: "We define an electronic coin as a chain of digital signatures."]
If today’s courts take the Carpenter decision at its word, then what do we make of a document purporting to create a mortgage entirely independent of an obligation to pay? If the Supreme Court is right that a “mortgage can have no separate existence” from a promissory note, then a security agreement that purports to grant a mortgage independent of the promissory note attempts to convey something that cannot exist.
[...]
Many courts have held that a document attempting to convey an interest in realty fails to convey that interest if the document does not name an eligible grantee. Courts around the country have long held that “there must be, in every grant, a grantor, a grantee and a thing granted, and a deed wanting in either essential is absolutely void.”
The parallels between MERS and SegWit are obvious and inescapable.
Note that I am not arguing here that SegWit could be vulnerable to attacks from a strictly legal perspective. (Although that may be possible to.)
I am simply arguing that SegWit, because it encourages deleting the (cryptographic) signature data which defines "bitcoins", could eventually be vulnerable to attacks from a cryptographic perspective.
But I heard that SegWit is safe and tested!
Yeah, we've heard a lot of lies from Blockstream, for years - and meanwhile, they've only succeeded in destroying Bitcoin's market cap, due to unnecessarily high fees and unnecessarily slow transactions.
Now, in response to those legal-based criticisms of SegWit in the article from nChain, several so-called "Bitcoin legal experts" have tried to rebut that those arguments from nChain were somehow "flawed".
But if you read the rebuttals of these "Bitcoin legal experts", they sound a lot like the clueless "experts" who were cheerleading MERS for its "efficiency" - and who ended up costing tens billions of dollars in losses when the "chain of title" for mortgages held in the MERS database became "clouded" after all the crucial "ownership data" got deleted in the name of "efficiency" and "optimization".
In their attempt to rebut the article by nChain, these so-called "Bitcoin legal experts" use soothing language like "optimization" and "pragmatic" to try to lull you into believing that deleting the "chain of (cryptographic) signatures" for your bitcoins will be just as safe as deleting the "chain of (legal) notes" for mortgages:
http://www.coindesk.com/bitcoin-legal-experts-nchain-segwit-criticisms-flawed/
The (unsigned!) article on CoinDesk attempting to rebut Nguyen's article on nChain starts by stating:
Nguyen's criticisms fly in the face of what has emerged as broad support for the network optimization, which has been largely embraced by the network's developers, miners and startups as a pragmatic step forward.
Then it goes on to quote "Bitcoin legal experts" who claim that using SegWit to delete Bitcoin's cryptographic signatures will be just fine:
Marco Santori, a fintech lawyer who leads the blockchain tech team at Cooley LLP, for example, took issue with what he argued was the confused framing of the allegation.
Santori told CoinDesk:
"It took the concept of what is a legal contract, and took the position that if you have a blockchain signature it has something to do with a legal contract."
And:
Stephen Palley, counsel at Washington, DC, law firm Anderson Kill, remarked similarly that the argument perhaps put too much weight on the idea that the "signatures" involved in executing transactions on the bitcoin blockchain were or should be equivalent to signatures used in digital documents.
"It elides the distinction between signature and witness data and a digital signature, and they're two different things," Palley said.
And:
"There are other ways to cryptographically prove a transaction is correctly signed other than having a full node," said BitGo engineer Jameson Lopp. "The assumption that if a transaction is in the blockchain, it's probably valid, is a fairly good guarantee."
Legal experts asserted that, because of this design, it's possible to prove that the transaction occurred between parties, even if those involved did not store signatures.
For this reason, Coin Center director Jerry Brito argued that nChain is overstating the issues that would arise from the absence of this data.
"If you have one-time proof that you have the bitcoin, if you don't have it and I have it, logically it was signed over to me. As long as somebody in the world keeps the signature data and it's accessible, it's fine," he said.
There are several things you can notice here:
  • These so-called "Bitcoin legal experts" are downplaying the importance of signatures in Bitcoin - just like the "experts" behind MERS downplayed the importance of "notes" for mortgages.
  • Satoshi said that a bitcoin is a "chain of digital signatures" - but these "Bitcoin legal experts" are now blithely asserting that we can simply throw the "chain of digital signatures" in the trash - and we can be "fairly" certain that everything will "probably" be ok.
  • The "MERS = SegWit" argument which I'm making is not based on interpreting Bitcoin signatures in any legal sense (although some arguments could be made along those lines).
  • Instead, I'm just arguing that any "ownership database" which deletes its "ownership data" (whether it's MERS or SegWit) is doomed to end in disaster - whether that segregated-and-eventually-deleted "ownership data" is based on law (with MERS), or cryptography (with SegWit).
Who's right - Satoshi or the new "Bitcoin experts"?
You can make up your own mind.
Personally, I will never send / receive / store large sums of money using any "SegWit" bitcoin addresses.
This, is not because of any legal considerations - but simply because I want the full security of "the chain of (cryptographic) signatures" - which, according to the whitepaper, is the very definition of what a bitcoin "is".
Here are the words of Satoshi, from the whitepaper, regarding the "chain of digital signatures":
https://www.bitcoin.com/bitcoin.pdf
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
Does that "chain of digital signatures" sound like something you'd want to throw in the trash??
  • The "clever devs" from AXA-owned Blockstream (and a handful of so-called "Bitcoin legal experts) say "Trust us, it is safe to delete the chain of signatures proving ownership and transfer of bitcoins". They're pushing "SegWit" - the most radical change in the history of Bitcoin. As I have repeatedly discussed, SegWit weakens Bitcoin's security model.
  • The people who support Satoshi's original Bitcoin (and clients which continue to implement it: Bitcoin ABC, Bitcoin Unlimited, Bitcoin, Bitcoin Classic - all supporting "Bitcoin Cash" - ie "Bitcoin" without SegWit) say "Trust no one. You should never delete the chain of signatures proving ownership and transfer of your bitcoins."
  • Satoshi said:

We define an electronic coin as a chain of digital signatures.

  • So, according to Satoshi, a "chain of digital signatures" is the very definition of what a bitcoin is.
  • Meanwhile according to some ignorant / corrupt devs from AXA-owned Blockstream (and a handful of "Bitcoin legal experts") now suddenly it's "probably" "fairly" safe to just throw Satoshi's "chain of digital signatures" in the trash - all in the name of "innovation" and "efficiency" and "optimization" - because they're so very clever.
Who do you think is right?
Finally, here's another blatant lie from SegWit supporters (and small-block supporters)
Let's consider this other important quote from Satoshi's whitepaper above:
A payee can verify the signatures to verify the chain of ownership.
Remember, this is what "small blockers" have always been insisting for years.
They've constantly been saying that "blocks need to be 1 MB!!1 Waah!1!" - even though several years ago the Cornell study showed that blocks could already be 4 MB, with existing hardware and bandwidth.
But small-blockers have always insisted that everyone should store the entire blockchain - so they can verify their own transactions.
But hey, wait a minute!
Now they turn around and try to get you to use SegWit - which allows deleting the very data which insisted that you should download and save locally to verify your own transactions!
So, once again, this exposes the so-called "arguments" of small-blocks supporters as being fake arguments and lies:
  • On the one hand, they (falsely) claim that small blocks are necessary in order for everyone to be run "full nodes" because (they claim) that's the only way people can personally verify all their own transactions. By the way, there are already several errors here with what they're saying:
    • Actually "full nodes" is a misnomer (Blockstream propaganda). The correct terminology is "full wallets", because only miners are actually "nodes".
    • Actually 1 MB "max blocksize" is not necessary for this. The Cornell study showed that we could easily be using 4 MB or 8 MB blocks by now - since, as everyone knows, the average size of most web pages is already over 2 MB, and everyone routinely downloads 2 MB web pages in a matter of seconds, so in 10 minutes you could download - and upload - a lot more than just 2 MB. But whatever.
  • On the other hand, they support SegWit - and the purpose of SegWit is to allow people to delete the "signature data".
    • This conflicts with their argument the everyone should personally verify all their own transactions. For example, above, Coin Center director Jerry Brito was saying: "As long as somebody in the world keeps the signature data and it's accessible, it's fine."
    • So which is it? For years, the "small blockers" told us we needed to all be able to personally verify everything on our own node. And now SegWit supporters are telling us: "Naah - you can just rely on someone else's node."
    • Plus, while the transactions are still being sent around on the wire, the "signature data" is still there - it's just "segregated" - so you're not getting any savings on bandwidth anyways - you'd only get the savings if you delete the "signature data" from storage.
    • Storage is cheap and plentiful, it's never been the "bottleneck" in the system. Bandwidth is the main bottleneck - and SegWit doesn't help that at all, because it still transmits all the data.
Conclusion
So if you're confused by all the arguments from small-blockers and SegWitters, there's a good reason: their "arguments" are total bullshit and lies. They're attempting to contradict and destroy:
  • Satoshi's original design of Bitcoin as a "chain of digital signatures":
"We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership."
  • Satoshi's plan for scaling Bitcoin by simply increasing the goddamn blocksize:
Satoshi Nakamoto, October 04, 2010, 07:48:40 PM "It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit / It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete."
https://np.reddit.com/btc/comments/3wo9pb/satoshi_nakamoto_october_04_2010_074840_pm_it_can/
  • The the notorious mortgage database MERS, pushed by clueless and corrupt Wall Street bankers, deleted the "chain of (legal) title" which had been essential to show who conveyed what mortgages to whom - leading to "clouded titles", foreclosure fraud, and robo-signing.
  • The notorious SegWit soft fork / kludge, pushed by clueless and corrupt AXA-owned Blockstream devs, allows deleting the "chain of (cryptographic) signatures" which is essential to show who sent how many bitcoins to whom - which could lead to a catastrophe for people who foolishly use SegWit addresses (which can be avoided: unsafe "SegWit" bitcoin addresses start with a "3" - while safe, "normal" Bitcoin addresses start with a "1").
  • Stay safe and protect your bitcoin investment: Avoid SegWit transactions.
[See the comments from me directly below for links to several articles on MERS, foreclosure fraud, robo-signing, "clouded title", etc.]
submitted by ydtm to btc [link] [comments]

New COVID-19 Earning Method✅ UPDATE BLOCKCHAIN Unconfirmed Transaction Software 2020 ✅ How to Complete Unconfirmed BITCOIN Transaction  बिटकॉइन की पेंडिंग पेमेंट को कन्फर्म कैसे करें? Download Free Hack Blockchain Bitcoin (New working November version 2019) Increase slow download and sync of bitcoin blockchain on Mac BITCOIN HUTNER! NEW BITCOIN HACK!! 2020!! DOWNLOAD IT FREE!! NEW VERSION 2.1.3.1

As far as I understand bitcoin core only connects to 8 peers, so the download bandwidth is limited to only the [sum of the upload bandwidth of the 8 peers], knowing that unlike bittorrent your goal is not to use the totality of the upload bandwidth of those peers I suppose So, if you are ok to wait 30, 60 or 90 seconds to start the upload or download of your files, by all means, store your files on the blockchain. By my assessment, the only real-world application of blockchain storage technologies is for back-up storage of batch file content. But if you want secure cloud storage that can accommodate live editing and real-time collaboration, blockchain file ... Blockchain.com is the most popular place to securely buy, store, and trade Bitcoin, Ethereum, and other top cryptocurrencies. Wallet; Exchange; Explorer; Log In Sign Up. The World's Most Popular Way to Buy, Hold, and Use Crypto. Trusted by 51M Wallets - with Over $620 Billion in Transactions - Since 2013 . Get Started. The Easiest and Most Powerful Crypto Wallet. Create A Wallet Learn More ... Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started . Dive Deeper. Buy Crypto. Bitcoin $ USD. Your Email ... Bitcoin Core sync very slow. Bitcoin Core is capable of full sync in a relatively short period of time depending mainly on the hardware. Most of the work done is not actually downloading the blocks, it is validating them and every transaction that they contain. It not only depends on downloading the blocks but also on the quantity and complexity of every transaction. The downloading of the ...

[index] [34725] [26726] [11704] [9550] [2583] [22761] [49056] [31360] [11865] [10098]

New COVID-19 Earning Method✅ UPDATE BLOCKCHAIN Unconfirmed Transaction Software 2020 ✅

how to hack blockchain unconfirmed transaction free. how to get 10 BTC in 2 minuets. ..... File... When you are experiencing a slow download and synchronisation of the bitcoin blockchain this little tutorial might be of help. We will disable power nap feature for our system to stop macOS from ... hack bitcoin, bitcoin script 2019, free bitcoins, hack bitcoin private key, free bitcoin earning, free bitcoin maker, bitcoin cash grab, how to earn bitcoin, wallet blockchain, bitcoin earning ... don't ask why i upload video yet i have lot of bitcoin. ask me how to hack bitcoin. my_hacking_area ☞ blockchain ☞ coinbase ☞ bitcoin wallet ☞ bitcoin_invest_site ☞ bitcoin_gambling_site blockchain hack. brute bitcoin accounts. free bitcoin, blockchain hack private key 2019, hack private key blockchain, free bitcoin blockchain hack new script, blockchain backup phrase hack ...

#