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The Governor's Principle path to utopia

Eavangaea Handbook
The goal of this project is to create a large six-sector city that is run on a gamified governmental framework. The Governor's Principle is one specific entity. All participants are meant to act as if the city already exists in order to build the culture and society organically. If a participant chooses to see Governor's Principle as an organization, they will treat every decision as if they have intrinsic value/stock in the project. If one chooses to participate in the Governor's Principle as a non profit they will treat it as so, they will volunteer and collect donations and pursue projects as so. If one chooses to see Governor's Principle as a Political Party they will protest, run for office create charters as if it is a Political Party. All property of this project belongs to every participant.
The Old Governor's Principle
The Governor has laid out a plan for humanity to build a city to mitigate their destruction and the collapse of the earth.
Build a city for 160, 000, 000 to stand tall. Let them have the strength to take down civilization and construct a new from the old.
160 , 000, 000 men picked up their tools. Let us be the Builders! We will build a city. Let it be called Eavangaea.
Let them build the Sentralia. They built their Megalopolis. Let them live in this city of 40 towers.
Let the Builders who defend the Builders be the Sleepless. For the shall not sleep until the city is built.
When the last Stone has been lain. When every Builder has a home in Eavangaea. Let them be called Governor. Let them be thinkers and builders.
Let them choose twelve men to be Entrociter. Let them guide the people to freedom.
Let the Governors share their food, and their resources, and their water, and their tools
A framework to a smarter, stronger, cohesive people.
Governments exist to maintain order between and amongst humans and nature. Without governments We are doomed to destroy everything around us. Therefore, We should get started now because We are already causing the Anthropocene. Even if We mitigate the Anthropocene, We could cause another due to the expanding problems of the universe. The ten commandments are all governments should be maintained. Humans themselves need to become righteous tear down disparities. This framework serves as a guideline that some humans can follow that will allow them to succeed. Let us build a city, let it be named Eavangaeaea.
This city will be a recession city. Humans will need to recede from the earth to a few places around the globe. It will be a city for scientists to go to. It will be a place where limitations of survival will cease. It will be a place where refuged humans go. Humans whom want to reduce their carbon footprint. Whom want purpose, not to be jobless. Those that want a home. Those who want absolute freedom and access to the world. If enough humans recede behind the borders of Eavangaeaea. 160, 000, 000 people could carry on humans and preserve nature. If we can make this framework viable, it can flourish, and we can one day focus on the problems outside our world.
The city’s government framework is gamified. We are equipped with computers that can request and push jobs. We that satiate these jobs are rewarded. This would be a watch with peer to peer technology that is stable and trustworthy as its government, so it has incentive too. The government is made of the total population therefore all are Governors. This incentivizes all citizens to be active members or aspects of the city could change overnight.
Eavangaea:
Population 27, 000, 000/sector
City limits 50, 000 sqmi
1 governor = 1000 square feet of space.
Governors are full-fledged active members of society. They have combat experience, they have tech experience, education of all subjects (politics, biology, chemistry, geology, agriculture and economics and more) They can maintain agriculture, operate weapons and technologies, make decisions for the intrinsic growth of the city. They determine the civilization’s survival through cohesiveness and voting that strengthens the blood of the city.
Builders are usually children of Governors. They from the age of 8 receive elite training in combat. They will be Spartan military, they will conquest, learn the sciences, politics, and economics. When they graduate from the Sentralia at the age of eighteen they are Governors. Sleepless are the army dedicated to keeping Eavangaeans safe from outside forces. They sometimes police, however this is usually related to terrorism like threats. Their main operations are at the Terminals and the Sentralia. They are assigned to train upper-level Builders.
Jobs are created as needed. Jobs can be as tall or as short as possible. If everyone fulfills their roles chosen or assigned, they are under the care of Eavangaeaea. Working for the advancement of the common governance and nature is the blood of the city and for the people, for humanity for We. Ex. you’re buying someone else’s groceries, driving someone to the hospital, or providing food for the entire nation.
Roaming. Governors travel outside the city Outside of the city is nature reclaimed. There are many reasons to leave the city; for vacation or to gather resources. Whatever is brought with you must return to Eavangaeaea.
Mother-O is an AI meant to satisfy We. She makes your food and materials through bots. She pushes jobs, she is at human disposal. The majority get to change her mechanisms, laws of the city, and whom get are chosen by the Entrociter. Mother-O rewards work for all Governors. She rewards for stewarding nature. She rewards bravery. She rewards the knowledgeable. She rewards the progression of We.
The Entrociter is made of 12 Governors that are there to remind the people of what city is there for. They are the device that leads the city toward success. They are all cycled out every 5 years, there is no limit to whom may run unless they are not voting at a 55 rate. They are to meet everyone. Get to know the people. They are to interpret the law through live statistical data, however, not make any changes unless it pertains to war and conflict. They are to represent leadership and guidance and must be chosen by We.
The City
The city structures. octagon. eight petals, eight sectors. Let’s start in the center of the city.
i. The Sentralia is a giant arcology. Sentralia, carries about 10,000m humans. Sentralia is where law and order, and justice lies. Here Builders will receive military training, and higher education. The residual heat from the high capacity of Builders will power the structure. Inside is a coiled spindle that can be built on, driven on and lived on. The spindle makes it easy to control air flows and vacuum features. a. Intricate maze structures like the spindle will be included in every Eavangaean building to stimulate minds. VR will be a theme to make the gamified training for Builders training to be Governors. Sentralia is a template.
ii. Transportation. Rail systems are attached to Sector and relatively every building in Eavangaea from the Sentralia. That transportation extends city limits throughout North America depending on what happens with left over humanity. iii. The megalopolis is where a larger majority of the world lives. This area is full of technology, scientists, engineers and order. Includes business, shopping districts, parks and walking, biking, scooter paths to navigate. Festivals occur at night or during the day. Artists are welcome to participate here.
iv. The agrestics are agriculture and medicine, health of humanity districts. Scientists and farmer coexist in the overall green of the city. Governors are dedicated to growing fruits to directly feed Governors. They will develop cures to disease, pests, and famine.
v. terminals are defense structures. Sleepless develop specialized technology to advance Eavangaea. They possess specialized weapons and space vehicles to protect Eavangaea. Terminals serve as checkpoints for entrance and exists.
The Twelve Conduits of The Governors
Let the 12 Entrociters serve the 12 conduits. Let the conduits serve as a goals of the Entrociters. They shall prevent the stray of the Governors.
The conduits shall represent one hour on the clock. Entrociters shall observe the state of their hour. They shall maintain their hour to prevent collapse only.
12- Conduit Chair-Let ye be strong, brave, and an embodied hero. Be a mechanism for the Governors to speak through.
01-Economics-Let ye balance work and reward.
02-War-Let ye be a hero willing to take the axe for all.
03-Nature-Let ye be one with nature, practice love amongst fauna and flora.
04-Medicine- Let ye find the key to heaven or hell. Let me know on the door of the Giants to save the lives of the willing.
05-Food-Let ye feed the mouths of the willing, until Mana rains the skies once again.
06-Education-Be as enlighten led as those you enlighten. Let knowledge and books and history be preserved. Oppose those that oppose record.
07-Safety-Stand in between any fight that is not just or honorable. Take those down that endanger the innocent.
08-Technology-One must be skilled in all tools. Maintain Mother so that she can better serve man.
09-Humanity- Eavangaeans come first. Remind us of our diligent duty to do for a fellow man.
10-Space-Any threat from space is a threat to Eavangaea. Let the Heavens be a concern.
11-Transportation- Let travel be expressed as freedom. Maintain roaming and entries
Mother's Great Analysis: Proposal
Introduction
Mother is a conduit technology designed to serve man. Using Artificial Intelligence to read blockchain technology she may understand human needs and behavior. This paper discuses use cases to automate governmental systems in order to liberate humans from suffering. Mother will automate jobs that man doesn’t want. Mother will find jobs for all. Mother will ease the comfort of human woes. All aspects of the city will have an inter-connectivity that Mother can maintain.
Votes in the context of the conduits allow Mother to understand human needs. She can determine how tokens are used. She can understand the value of resources. She can determine the behavior of humanity and its direction into the future. As Governors create campaigns Mother will understand the importance of their projects and choose the most effective ones. However, Artificial Intelligence may not be where we want it to be. Mother’s Great Analysis will one day reach 99 percent optimization (the triggering of the Great Analysis) if implemented.
Voting is a key component to the conduit powers. Without ones contribution to social infrastructure the intrinsic value of the state cannot exist with sure peace. The people must uphold the state, You will represent yourself, and move towards a better state.
The voter system is synonymous with smart contracts as seen on Ethereum. This means that the Governor campaigns are immutable and centralized. To maintain citizen and governorship means that you are participating in campaign activity during the day five times a week.
What can voting do for you in Eavangaea? Voting means you have a token that gives you the right to vote. It also validates that you have rights to be in the city. The voting token can be broken into 12. You can only use these to vote for certain topics. These topics pertain to the inner workings of the city. This pertains to the survival of the people. If these scales or hours are not maintained then collapse is bound to occur. Entrociters will ask and answer these questions.
12- Conduit Chair-Has the voice of the whole community been heard?
01-Economics- Does the community have access to jobs?
02-War-Is the community safe?
03-Nature-Is nature able to replenish from human activity?
04-Medicine- Does the community have access to healthcare?
05-Food-Does the community have food?
06-Education-Does the community have education?
07-Energy-Does everyone have access to energy?
08-technology-Does everyone have access to essential technology?
09-Humanity-Is the community happy? Does the community have rights?
10-Space-Are we exploring space enough?
11-Transportation- Does everyone have access to travel?
Governor A
She has high roaming hours. She ventures outside of the city to collect resources to bring back to Eavangaea. She gathers rare type resources such as fruit, vegetables, and medicine that could be utilized by her people. This is her contribution to Eavangaea. Depending on importance determined by the conduit, she could be rewarded with things like longer roaming days. She has also done research on the process of the outer city called the garden. She analyzes the recovery of the flora and fauna.
Today she received 6 notifications from Mother: This morning she answered two polls about agriculture. In the afternoon one about adding new electric cars to the transportation network. In the evening she approved the network for forgery in the contracts.
Entrociter Example
The Conduit Chair’s responsibility to hear the overall voices of the people based on the other conduits. CC cannot veto unless they have support of two Entrociters and reason why it does not conduit the Governors voices. Other Entrociters must go through a similar process exception that 1/3* supporters of a veto must be The CC.
Today he created a campaign. He asked if transportation could add more cars to the network? His campaign got enough support to pass it as a bill. Bills are picked up by Entrociters, in this case the Traveling Entrociter. An official poll is put out for Governor’s to support. If the vote is unanimously agreed on by the Entrociters the cars are added to network by job push The only time an Entrociter should veto is when it pertains to war or does damage to the Governors. When the Great Analysis reaches 99% optimization, Entrociters will consider Mother as the 13th conduit.
GOVERNOR'S PRINCIPLE Ballot
In an effort to increase participation for the The Governor’s Principle, a voting system has been created for it’s followers. The Aragon App on Ethereum has been chosen as the medium to make decisions for the direction of the group.
Ethereum is a centralized Blockchain system designed to run smart contracts without need of a middleman, so this is a trustless system. Aragon is a organization/voting platform built on Ethereum. This app was chosen because running on Ethereum would mean rooting out bad actors. This means no one can delete your vote or change your vote.
Now we can make decisions such as “Should (user) be the Entrociter of Space Exploration?” and we can vote on a majority basis. If the majority wins that decision can be made law for the group. Treat this like we are all Congress.
How to get started?
I recommend using Metamask in order to gain access and vote. The Android or iPhone application works best for Ethereum without error.
Be sure to back up your wallet and keep your keys and password safe and secret. Loss of your password or keys can result inaccessibility of your digital assets or loss of funds. It’s recommend to write them down on paper, digital record in insecure.
Now if you want to be able to vote you’ll need test coins. You won’t be paying for anything. Switch to the Rinkeby network(test network) on the Metamask.
Go to the Rinkeby faucet website and follow the instructions. You should receive funds within a minute. https://faucet.rinkeby.io/
Now to have voting rights you will need to contact the Conduit Entrociter (which is me) to receive a token for the Aragon Voting platform. When the Conduit confirms sending the token you might have to manually add it if not received in five minutes. (Just add the token ticker symbol, BUILD and 18 decimals)
When you’ve received funds and token go to the ballot site where you will be voting. You can now make your first vote or create your own vote. Be sure to remain on Rinkeby.
If you make any votes be sure to make a post about it on reddit so it can be discussed. Each new poll has a 2 day, 2 hour and 2 minute period before the poll closes.
submitted by meursaultvi to utopia [link] [comments]

Which are your top 5 coins out of the top100? An analysis.

I am putting together my investment portfolio for 2018 and made a complete summary of the current Top 100. Interestingly, I noticed that all coins can be categorized into 12 markets. Which markets do you think will play the biggest role in the coming year?
Here is a complete overview of all coins in an excel sheet including name, a full description, market, TPS, risk profile, time since launch (negative numbers mean that they are launching that many months in the future) and market cap. You can also sort by all of these fields of course. Coins written in bold are the strongest contenders within their market either due to having the best technology or having a small market cap and still excellent technology and potential. https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=0
The 12 markets are
  1. Currency 13 coins
  2. Platform 25 coins
  3. Ecosystem 9 coins
  4. Privacy 9 coins
  5. Currency Exchange Tool 8 coins
  6. Gaming & Gambling 4 coins
  7. Misc 15 coins
  8. Social Network 4 coins
  9. Fee Token 3 coins
  10. Decentralized Data Storage 4 coins
  11. Cloud Computing 2 coins
  12. Stable Coin 3 coins
Before we look at the individual markets, we need to take a look of the overall market and its biggest issue, scalability, first:
Cryptocurrencies aim to be a decentralized currency that can be used worldwide. Their goal is to replace dollar, Euro, Yen, all FIAT currencies globally. The coin that will achieve that will be worth several trillion dollars.
Bitcoin can only process 7 transactions per second (TPS) currently. In order to replace all FIAT, it would need to perform at least at VISA levels, which usually processes around 3,000 TPS, up to 25,000 TPS during peak times and a maximum of 64,000 TPS. That means that this cryptocurrency would need to be able to perform at least several thousand TPS. However, a ground breaking technology should not look at current technology to set a goal for its use, i.e. estimating the number of emails sent in 1990 based on the number of faxes sent wasn’t a good estimate.
For that reason, 10,000 TPS is the absolute baseline for a cryptocurrency that wants to replace FIAT. This brings me to IOTA, which wants to connect all 80 billion IoT devices that are expected to exist by 2025, which constantly communicate with each other, possibly creating 80 billion or more transactions per second. This is the benchmark that cryptocurrencies should be aiming for. Currently, 8 billion devices are connected to the Internet.
With its Lightning network recently launched, Bitcoin is realistically looking at 50,000 possible TPS soon. Other notable cryptocurrencies besides IOTA and Bitcoin are Nano with 7,000 TPS already tested, Dash with several billion TPS possible with Masternodes, Neo, LISK and RHOC with 100,000 TPS by 2020, Ripple with 50,000 TPS, Ethereum with 10,000 TPS with Sharding.
However, it needs to be said that scalability usually goes at the cost of decentralization and security. So, it needs to be seen, which of these technologies can prove themselves decentralized while maintaining high TPS.
Without further ado, here are the coins of the first market. Each market is sorted by market cap.

Market 1 - Currency:

  1. Bitcoin: 1st generation blockchain with currently bad scalability, though the implementation of the Lightning Network looks promising and could alleviate most scalability and high energy use concerns.
  2. Ripple: Centralized currency that might become very successful due to tight involvement with banks and cross-border payments for financial institutions; banks and companies like Western Union and Moneygram (who they are currently working with) as customers customers. However, it seems they are aiming for more decentralization now.https://ripple.com/dev-blog/decentralization-strategy-update/. Has high TPS due to Proof of Correctness algorithm.
  3. Bitcoin Cash: Bitcoin fork with the difference of having an 8 times bigger block size, making it 8 times more scalable than Bitcoin currently. Further block size increases are planned. Only significant difference is bigger block size while big blocks lead to further problems that don't seem to do well beyond a few thousand TPS. Opponents to a block size argue that increasing the block size limit is unimaginative, offers only temporary relief, and damages decentralization by increasing costs of participation. In order to preserve decentralization, system requirements to participate should be kept low. To understand this, consider an extreme example: very big blocks (1GB+) would require data center level resources to validate the blockchain. This would preclude all but the wealthiest individuals from participating.Community seems more open than Bitcoin's though.
  4. Litecoin : Little brother of Bitcoin. Bitcoin fork with different mining algorithm but not much else.Copies everything that Bitcoin does pretty much. Lack of real innovation.
  5. Dash: Dash (Digital Cash) is a fork of Bitcoin and focuses on user ease. It has very fast transactions within seconds, low fees and uses Proof of Service from Masternodes for consensus. They are currently building a system called Evolution which will allow users to send money using usernames and merchants will find it easy to integrate Dash using the API. You could say Dash is trying to be a PayPal of cryptocurrencies. Currently, cryptocurrencies must choose between decentralization, speed, scalability and can pick only 2. With Masternodes, Dash picked speed and scalability at some cost of decentralization, since with Masternodes the voting power is shifted towards Masternodes, which are run by Dash users who own the most Dash.
  6. IOTA: 3rd generation blockchain called Tangle, which has a high scalability, no fees and instant transactions. IOTA aims to be the connective layer between all 80 billion IOT devices that are expected to be connected to the Internet in 2025, possibly creating 80 billion transactions per second or 800 billion TPS, who knows. However, it needs to be seen if the Tangle can keep up with this scalability and iron out its security issues that have not yet been completely resolved.
  7. Nano: 3rd generation blockchain called Block Lattice with high scalability, no fees and instant transactions. Unlike IOTA, Nano only wants to be a payment processor and nothing else, for now at least. With Nano, every user has their own blockchain and has to perform a small amount of computing for each transaction, which makes Nano perform at 300 TPS with no problems and 7,000 TPS have also been tested successfully. Very promising 3rd gen technology and strong focus on only being the fastest currency without trying to be everything.
  8. Decred: As mining operations have grown, Bitcoin’s decision-making process has become more centralized, with the largest mining companies holding large amounts of power over the Bitcoin improvement process. Decred focuses heavily on decentralization with their PoW Pos hybrid governance system to become what Bitcoin was set out to be. They will soon implement the Lightning Network to scale up. While there do not seem to be more differences to Bitcoin besides the novel hybrid consensus algorithm, which Ethereum, Aeternity and Bitcoin Atom are also implementing, the welcoming and positive Decred community and professoinal team add another level of potential to the coin.
  9. Bitcoin Atom: Atomic Swaps and hybrid consenus. This looks like the only Bitcoin clone that actually is looking to innovate next to Bitcoin Cash.
  10. Dogecoin: Litecoin fork, fantastic community, though lagging behind a bit in technology.
  11. Bitcoin Gold: A bit better security than bitcoin through ASIC resistant algorithm, but that's it. Not that interesting.
  12. Digibyte: Digibyte's PoS blockchain is spread over a 100,000+ servers, phones, computers, and nodes across the globe, aiming for the ultimate level of decentralization. DigiByte’s adoption over the past four years has been slow. The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s not much technical information about what they have planned for the future. You could say Digibyte is like Bitcoin, but with shorter blocktimes and a multi-algorithm. However, that's not really a difference big enough to truly set themselves apart from Bitcoin, since these technologies could be implemented by any blockchain without much difficulty. Their decentralization is probably their strongest asset, however, this also change quickly if the currency takes off and big miners decide to go into Digibyte.
  13. Bitcoin Diamond Asic resistant Bitcoin and Copycat

Market 2 - Platform

Most of the cryptos here have smart contracts and allow dapps (Decentralized apps) to be build on their platform and to use their token as an exchange of value between dapp services.
  1. Ethereum: 2nd generation blockchain that allows the use of smart contracts. Bad scalability currently, though this concern could be alleviated by the soon to be implemented Lightning Network aka the Raiden Network, Plasma and its Sharding concept.
  2. EOS: Promising technology that wants to be able do everything, from smart contracts like Ethereum, scalability similar to Nano with 1000 tx/second + near instant transactions and zero fees, to also wanting to be a platform for dapps. However, EOS doesn't have a product yet and everything is just promises still. There are lots of red flags, e.g. having dumped $500 million Ether over the last 2 months and possibly bought back EOS to increase the size of their ICO, which has been going on for over a year and has raised several billion dollars. All in all, their market cap is way too high for that and not even having a product. However, Mainnet release is in 1 month, which could change everything.
  3. Cardano: Similar to Ethereum/EOS, however, only promises made with no delivery yet, highly overrated right now. Interesting concept though. Market cap way too high for not even having a product. Somewhat promising technology.
  4. VeChain: Singapore-based project that’s building a business enterprise platform and inventory tracking system. Examples are verifying genuine luxury goods and food supply chains. Has one of the strongest communities in the crypto world. Most hyped token of all, with merit though.
  5. Neo: Neo is a platform, similar to Eth, but more extensive, allowing dapps and smart contracts, but with a different smart contract gas system, consensus mechanism (PoS vs. dBfT), governance model, fixed vs unfixed supply, expensive contracts vs nearly free contracts, different ideologies for real world adoption. There are currently only 9 nodes, each of which are being run by a company/entity hand selected by the NEO council (most of which are located in china) and are under contract. This means that although the locations of the nodes may differ, ultimately the neo council can bring them down due to their legal contracts. In fact this has been done in the past when the neo council was moving 50 million neo that had been locked up. Also dbft (or neo's implmentation of it) has failed underload causing network outages during major icos. The first step in decentralization is that the NEO Counsel will select trusted nodes (Universities, business partners, etc.) and slowly become less centralized that way. The final step in decentralization will be allowing NEO holders to vote for new nodes, similar to a DPoS system (ARK/EOS/LISK). NEO has a regulation/government friendly ideology. Finally they are trying to work undewith the Chinese government in regards to regulations. If for some reason they wanted it shut down, they could just shut it down.
  6. Stellar:PoS system, similar goals as Ripple, but more of a platform than only a currency. 80% of Stellar are owned by Stellar.org still, making the currency centralized.
  7. Ethereum classic: Original Ethereum that decided not to fork after a hack. The Ethereum that we know is its fork. Uninteresing, because it has a lot of less resources than Ethereum now and a lot less community support.
  8. Ziliqa: Zilliqa is building a new way of sharding. 2400 tpx already tested, 10,000 tps soon possible by being linearly scalable with the number of nodes. That means, the more nodes, the faster the network gets. They are looking at implementing privacy as well.
  9. QTUM: Enables Smart contracts on the Bitcoin blockchain. Useful.
  10. Icon: Korean ethereum. Decentralized application platform that's building communities in partnership with banks, insurance providers, hospitals, and universities. Focused on ID verification and payments.
  11. LISK: Lisk's difference to other BaaS is that side chains are independent to the main chain and have to have their own nodes. Similar to neo whole allows dapps to deploy their blockchain to. Like most cryptocurrencies, Lisk is currently somewhat centralized with a small group of members owning more than 50% of the delegated positions. Lisk plans to change the consensus algorithm for that reason in the near future.
  12. Rchain: Similar to Ethereum with smart contract, though much more scalable at an expected 40,000 TPS and possible 100,000 TPS. Not launched yet. No product launched yet, though promising technology. Not overvalued, probably at the right price right now.
  13. ARDR: Similar to Lisk. Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ‘light’ blockchain that can be customized to a certain extent, is designed to allow easy self-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor). This is the chief innovation of Ardor. Ardor was evolved from NXT by the same company. NEM started as a NXT clone.
  14. Ontology: Similar to Neo. Interesting coin
  15. Bytom: Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.
  16. Nxt: Similar to Lisk
  17. Aeternity: We’ve seen recently, that it’s difficult to scale the execution of smart contracts on the blockchain. Crypto Kitties is a great example. Something as simple as creating and trading unique assets on Ethereum bogged the network down when transaction volume soared. Ethereum and Zilliqa address this problem with Sharding. Aeternity focuses on increasing the scalability of smart contracts and dapps by moving smart contracts off-chain. Instead of running on the blockchain, smart contracts on Aeternity run in private state channels between the parties involved in the contracts. State channels are lines of communication between parties in a smart contract. They don’t touch the blockchain unless they need to for adjudication or transfer of value. Because they’re off-chain, state channel contracts can operate much more efficiently. An important aspect of smart contract and dapp development is access to outside data sources. This could mean checking the weather in London, score of a football game, or price of gold. Oracles provide access to data hosted outside the blockchain. In many blockchain projects, oracles represent a security risk and potential point of failure, since they tend to be singular, centralized data streams. Aeternity proposes decentralizing oracles with their oracle machine. Doing so would make outside data immutable and unchangeable once it reaches Aeternity’s blockchain. Aeternity’s network runs on on a hybrid of proof of work and proof of stake. Founded by a long-time crypto-enthusiast and early colleague of Vitalik Buterin, Yanislav Malahov. Promising concept though not product yet
  18. Stratis: Different to LISK, Stratis will allow businesses and organizations to create their own blockchain according to their own needs, but secured on the parent Stratis chain. Stratis’s simple interface will allow organizations to quickly and easily deploy and/or test blockchain functionality of the Ethereum, BitShares, BitCoin, Lisk and Stratis environements.
  19. Status: Status provides access to all of Ethereum’s decentralized applications (dapps) through an app on your smartphone. It opens the door to mass adoption of Ethereum dapps by targeting the fastest growing computer segment in the world – smartphone users.
  20. Ark: Fork of Lisk that focuses on a smaller feature set. Ark wallets can only vote for one delegate at a time which forces delegates to compete against each other and makes cartel formations incredibly hard, if not impossible.
  21. Neblio: Similar to Neo, but at a 30x smaller market cap.
  22. NEM: Is similar to Neo. However, it has no marketing team, very high market cap for little clarilty what they do.
  23. Bancor: Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet.
  24. Dragonchain: The Purpose of DragonChain is to help companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain – increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc.
  25. Skycoin: Transactions with zero fees that take apparently two seconds, unlimited transaction rate, no need for miners and block rewards, low power usage, all of the usual cryptocurrency technical vulnerabilities fixed, a consensus mechanism superior to anything that exists, resistant to all conceivable threats (government censorship, community infighting, cybenucleaconventional warfare, etc). Skycoin has their own consensus algorithm known as Obelisk written and published academically by an early developer of Ethereum. Obelisk is a non-energy intensive consensus algorithm based on a concept called ‘web of trust dynamics’ which is completely different to PoW, PoS, and their derivatives. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet. Skycion a smear campaign launched against it, though they seem legit and reliable. Thus, they are probably undervalued.

Market 3 - Ecosystem

The 3rd market with 11 coins is comprised of ecosystem coins, which aim to strengthen the ease of use within the crypto space through decentralized exchanges, open standards for apps and more
  1. Nebulas: Similar to how Google indexes webpages Nebulas will index blockchain projects, smart contracts & data using the Nebulas rank algorithm that sifts & sorts the data. Developers rewarded NAS to develop & deploy on NAS chain. Nebulas calls this developer incentive protocol – basically rewards are issued based on how often dapp/contract etc. is used, the more the better the rewards and Proof of devotion. Works like DPoS except the best, most economically incentivised developers (Bookkeeppers) get the forging spots. Ensuring brains stay with the project (Cross between PoI & PoS). 2,400 TPS+, DAG used to solve the inter-transaction dependencies in the PEE (Parallel Execution Environment) feature, first crypto Wallet that supports the Lightening Network.
  2. Waves: Decentralized exchange and crowdfunding platform. Let’s companies and projects to issue and manage their own digital coin tokens to raise money.
  3. Salt: Leveraging blockchain assets to secure cash loands. Plans to offer cash loans in traditional currencies, backed by your cryptocurrency assets. Allows lenders worldwide to skip credit checks for easier access to affordable loans.
  4. CHAINLINK: ChainLink is a decentralized oracle service, the first of its kind. Oracles are defined as an ‘agent’ that finds and verifies real-world occurrences and submits this information to a blockchain to be used in smart contracts.With ChainLink, smart contract users can use the network’s oracles to retrieve data from off-chain application program interfaces (APIs), data pools, and other resources and integrate them into the blockchain and smart contracts. Basically, ChainLink takes information that is external to blockchain applications and puts it on-chain. The difference to Aeternity is that Chainlink deploys the smart contracts on the Ethereum blockchain while Aeternity has its own chain.
  5. WTC: Combines blockchain with IoT to create a management system for supply chains Interesting
  6. Ethos unifyies all cryptos. Ethos is building a multi-cryptocurrency phone wallet. The team is also building an investment diversification tool and a social network
  7. Komodo: The Komodo blockchain platform uses Komodo’s open-source cryptocurrency for doing transparent, anonymous, private, and fungible transactions. They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol and decentralized crowdfunding (ICO) platform to remove middlemen from project funding. Offers services for startups to create and manage their own Blockchains.
  8. Aion: Today, there are hundreds of blockchains. In the coming years, with widespread adoption by mainstream business and government, these will be thousands or millions. Blockchains don’t talk to each other at all right now, they are like the PCs of the 1980s. The Aion network is able to support custom blockchain architectures while still allowing for cross-chain interoperability by enabling users to exchange data between any Aion-compliant blockchains by making use of an interchain framework that allows for messages to be relayed between blockchains in a completely trust-free manner.
  9. Tenx: Raised 80 million, offers cryptocurrency-linked credit cards that let you spend virtual money in real life. Developing a series of payment platforms to make spending cryptocurrency easier.

Market 4 - Privacy

The 4th market are privacy coins. As you might know, Bitcoin is not anonymous. If the IRS or any other party asks an exchange who is the identity behind a specific Bitcoin address, they know who you are and can track back almost all of the Bitcoin transactions you have ever made and all your account balances. Privacy coins aim to prevent exactly that through address fungability, which changes addresses constantly, IP obfuscation and more. There are 2 types of privacy coins, one with completely privacy and one with optional privacy. Optional Privacy coins like Dash and Nav have the advantage of more user friendliness over completely privacy coins such as Monero and Enigma.
  1. Monero: Currently most popular privacy coin, though with a very high market cap. Since their privacy is all on chain, all prior transactions would be deanonymized if their protocol is ever cracked. This requires a quantum computing attack though. PIVX is better in that regard.
  2. Zcash: A decentralized and open-source cryptocurrency that hide the sender, recipient, and value of transactions. Offers users the option to make transactions public later for auditing. Decent privacy coin, though no default privacy
  3. Verge: Calls itself privacy coin without providing private transactions, multiple problems over the last weeks has a toxic community, and way too much hype for what they have.
  4. Bytecoin: First privacy-focused cryptocurrency with anonymous transactions. Bytecoin’s code was later adapted to create Monero, the more well-known anonymous cryptocurrency. Has several scam accusations, 80% pre-mine, bad devs, bad tech
  5. Bitcoin Private: A merge fork of Bitcoin and Zclassic with Zclassic being a fork of Zcash with the difference of a lack of a founders fee required to mine a valid block. This promotes a fair distribution, preventing centralized coin ownership and control. Bitcoin private offers the optional ability to keep the sender, receiver, and amount private in a given transaction. However, this is already offered by several good privacy coins (Monero, PIVX) and Bitcoin private doesn't offer much more beyond this.
  6. PIVX: As a fork of Dash, PIVX uses an advanced implementation of the Zerocoin protocol to provide it’s privacy. This is a form of zeroknowledge proofs, which allow users to spend ‘Zerocoins’ that have no link back to them. Unlike Zcash u have denominations in PIVX, so they can’t track users by their payment amount being equal to the amount of ‘minted’ coins, because everyone uses the same denominations. PIVX is also implementing Bulletproofs, just like Monero, and this will take care of arguably the biggest weakness of zeroknowledge protocols: the trusted setup.
  7. Zcoin: PoW cryptocurrency. Private financial transactions, enabled by the Zerocoin Protocol. Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs.
  8. Enigma: Monero is to Bitcoin what enigma is to Ethereum. Enigma is for making the data used in smart contracts private. More of a platform for dapps than a currency like Monero. Very promising.
  9. Navcoin: Like bitcoin but with added privacy and pos and 1,170 tps, but only because of very short 30 second block times. Though, privacy is optional, but aims to be more user friendly than Monero. However, doesn't really decide if it wants to be a privacy coin or not. Same as Zcash.Strong technology, non-shady team.

Market 5 - Currency Exchange Tool

Due to the sheer number of different cryptocurrencies, exchanging one currency for the other it still cumbersome. Further, merchants don’t want to deal with overcluttered options of accepting cryptocurrencies. This is where exchange tool like Req come in, which allow easy and simple exchange of currencies.
  1. Cryptonex: Fiat and currency exchange between various blockchain services, similar to REQ.
  2. QASH: Qash is used to fuel its liquid platform which will be an exchange that will distribute their liquidity pool. Its product, the Worldbook is a multi-exchange order book that matches crypto to crypto, and crypto to fiat and the reverse across all currencies. E.g., someone is selling Bitcoin is USD on exchange1 not owned by Quoine and someone is buying Bitcoin in EURO on exchange 2 not owned by Quoine. They turned it on to test it a few months ago for an hour or so and their exchange was the top exchange in the world by 4x volume for the day because all Worldbook trades ran through it. Binance wants BNB to be used on their one exchange. Qash wants their QASH token embedded in all of their partners.
  3. Kyber: network Exchange between cryptocurrencies, similar to REQ. Features automatic coin conversions for payments. Also offers payment tools for developers and a cryptocurrency wallet.
  4. Achain: Building a boundless blockchain world like Req .
  5. Centrality: Centrality is a decentralized market place for dapps that are all connected together on a blockchain-powered system. Centrality aims to allow businesses to work together using blockchain technology. With Centrality, startups can collaborate through shared acquisition of customers, data, merchants, and content. That shared acquisition occurs across the Centrality blockchain, which hosts a number of decentralized apps called Scenes. Companies can use CENTRA tokens to purchase Scenes for their app, then leverage the power of the Centrality ecosystem to quickly scale. Some of Centrality's top dapps are, Skoot, a travel experience marketplace that consists of a virtual companion designed for free independent travelers and inbound visitors, Belong, a marketplace and an employee engagement platform that seems at helping business provide rewards for employees, Merge, a smart travel app that acts as a time management system, Ushare, a transports application that works across rental cars, public transport, taxi services, electric bikes and more. All of these dapps are able to communicate with each other and exchange data through Centrality.
  6. Bitshares: Exchange between cryptocurrencies. Noteworthy are the 1.5 second average block times and throughput potential of 100,000 transactions per second with currently 2,400 TPS having been proven. However, Bitshares had several Scam accusations in the past.
  7. Loopring: A protocol that will enable higher liquidity between exchanges and personal wallets by pooling all orders sent to its network and fill these orders through the order books of multiple exchanges. When using Loopring, traders never have to deposit funds into an exchange to begin trading. Even with decentralized exchanges like Ether Delta, IDex, or Bitshares, you’d have to deposit your funds onto the platform, usually via an Ethereum smart contract. But with Loopring, funds always remain in user wallets and are never locked by orders. This gives you complete autonomy over your funds while trading, allowing you to cancel, trim, or increase an order before it is executed.
  8. ZRX: Open standard for dapps. Open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer.

Market 6 - Gaming

With an industry size of $108B worldwide, Gaming is one of the largest markets in the world. For sure, cryptocurrencies will want to have a share of that pie.
  1. Storm: Mobile game currency on a platform with 9 million players.
  2. Fun: A platform for casino operators to host trustless, provably-fair gambling through the use of smart contracts, as well as creating their own implementation of state channels for scalability.
  3. Electroneum: Mobile game currency They have lots of technical problems, such as several 51% attacks
  4. Wax: Marketplace to trade in-game items

Market 7 - Misc

There are various markets being tapped right now. They are all summed up under misc.
  1. OMG: Omise is designed to enable financial services for people without bank accounts. It works worldwide and with both traditional money and cryptocurrencies.
  2. Power ledger: Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. Unique market and rather untapped market in the crypto space.
  3. Populous: Populous is a platform that connects business owners and invoice buyers without middlemen. Furthermore, it is a peer-to-peer (P2P) platform that uses blockchain to provide small and medium-sized enterprises (SMEs) a more efficient way to participate in invoice financing. Businesses can sell their outstanding invoices at a discount to quickly free up some cash. Invoice sellers get cash flow to fund their business and invoice buyers earn interest.
  4. Monacoin: The first Japanese cryptocurrency. Focused on micro-transactions and based on a popular internet meme of a type-written cat. This makes it similar to Dogecoin. Very niche, tiny market.
  5. Revain: Legitimizing reviews via the blockchain. Interesting concept, though market not as big.
  6. Augur: Platform to forecast and make wagers on the outcome of real-world events (AKA decentralized predictions). Uses predictions for a “wisdom of the crowd” search engine. Not launched yet.
  7. Substratum: Revolutionzing hosting industry via per request billing as a decentralized internet hosting system. Uses a global network of private computers to create the free and open internet of the future. Participants earn cryptocurrency. Interesting concept.
  8. Veritaseum: Is supposed to be a peer to peer gateway, though it looks like very much like a scam.
  9. TRON: Tronix is looking to capitalize on ownership of internet data to content creators. However, they plagiarized their white paper, which is a no go. They apologized, so it needs to be seen how they will conduct themselves in the future. Extremely high market cap for not having a product, nor proof of concept.
  10. Syscoin: A cryptocurrency with a decentralized marketplace that lets people buy and sell products directly without third parties. Trying to remove middlemen like eBay and Amazon.
  11. Hshare: Most likely scam because of no code changes, most likely pump and dump scheme, dead community.
  12. BAT: An Ethereum-based token that can be exchanged between content creators, users, and advertisers. Decentralized ad-network that pays based on engagement and attention.
  13. Dent: Decentralizeed exchange of mobile data, enabling mobile data to be marketed, purchased or distributed, so that users can quickly buy or sell data from any user to another one.
  14. Ncash: End to end encrypted Identification system for retailers to better serve their customers .
  15. Factom Secure record-keeping system that allows companies to store their data directly on the Blockchain. The goal is to make records more transparent and trustworthy .

Market 8 - Social network

Web 2.0 is still going strong and Web 3.0 is not going to ignore it. There are several gaming tokens already out there and a few with decent traction already, such as Steem, which is Reddit with voting through money is a very interesting one.
  1. Mithril: As users create content via social media, they will be rewarded for their contribution, the better the contribution, the more they will earn
  2. Steem: Like Reddit, but voting with money. Already launched product and Alexa rank 1,000 Thumbs up.
  3. Rdd: Reddcoin makes the process of sending and receiving money fun and rewarding for everyone. Reddcoin is dedicated to one thing – tipping on social networks as a way to bring cryptocurrency awareness and experience to the general public.
  4. Kin: Token for the platform Kik. Kik has a massive user base of 400 million people. Replacing paying with FIAT with paying with KIN might get this token to mass adoption very quickly.

Market 9 - Fee token

Popular exchanges realized that they can make a few billion dollars more by launching their own token. Owning these tokens gives you a reduction of trading fees. Very handy and BNB (Binance Coin) has been one of the most resilient tokens, which have withstood most market drops over the last weeks and was among the very few coins that could show growth.
  1. BNB: Fee token for Binance
  2. Gas: Not a Fee token for an exchange, but it is a dividend paid out on Neo and a currency that can be used to purchase services for dapps.
  3. Kucoin: Fee token for Kucoin

Market 10 - Decentralized Data Storage

Currently, data storage happens with large companies or data centers that are prone to failure or losing data. Decentralized data storage makes loss of data almost impossible by distributing your files to numerous clients that hold tiny pieces of your data. Remember Torrents? Torrents use a peer-to-peer network. It is similar to that. Many users maintain copies of the same file, when someone wants a copy of that file, they send a request to the peer-to-peer network., users who have the file, known as seeds, send fragments of the file to the requester. The requester receives many fragments from many different seeds, and the torrent software recompiles these fragments to form the original file.
  1. Gbyte: Byteball data is stored and ordered using directed acyclic graph (DAG) rather than blockchain. This allows all users to secure each other's data by referencing earlier data units created by other users, and also removes scalability limits common for blockchains, such as blocksize issue.
  2. Siacoin: Siacoin is decentralized storage platform. Distributes encrypted files to thousands of private users who get paid for renting out their disk space. Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via "smart" storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.
  3. Maidsafecoin: MaidSafe stands for Massive Array of Internet Disks, Secure Access for Everyone.Instead of working with data centers and servers that are common today and are vulnerable to data theft and monitoring, You can think of SAFE as a crowd-sourced internet. It’s an autonomous network that automatically sets prices and distributes data and rents out hard drive disk space with a Blockchain-based storage solutions.When you upload a file to the network, such as a photo, it will be broken into pieces, hashed, and encrypted. Then, redundant copies of the data are created as well so that if someone storing your file turns off their computer, you will still have access to your data. And don’t worry, even with pieces of your data on other people’s computers, they won’t be able to read them. You can earn MadeSafeCoins by participating in storing data pieces from the network on your computer and thus earning a Proof of Resource.
  4. Storj: Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Your files are encrypted, shredded into little pieces called 'shards', and stored in a decentralized network of computers around the globe. No one but you has a complete copy of your file, not even in an encrypted form.

Market 11 - Cloud computing

Obviously, renting computing power, one of the biggest emerging markets as of recent years, e.g. AWS and Digital Ocean, is also a service, which can be bought and managed via the blockchain.
  1. Golem: Allows easy use of Supercomputer in exchange for tokens. People worldwide can rent out their computers to the network and get paid for that service with Golem tokens.
  2. Elf: Allows easy use of Cloud computing in exchange for tokens.

Market 12 - Stablecoin

Last but not least, there are 2 stablecoins that have established themselves within the market. A stable coin is a coin that wants to be independent of the volatility of the crypto markets. This has worked out pretty well for Maker and DGD, accomplished through a carefully diversified currency fund and backing each token by 1g or real gold respectively. DO NOT CONFUSE DGD AND MAKER with their STABLE COINS DGX and DAI. DGD and MAKER are volatile, because they are the companies of DGX and DAI. DGX and DAI are the stable coins.
  1. DGD: Platform of the Stablecoin DGX. Every DGX coin is backed by 1g of gold and make use proof of asset consensus.
  2. Maker: Platform of the Stablecoin DAI that doesn't vary much in price through widespread and smart diversification of assets.
  3. USDT: is no cryptocurrency really, but a replacement for dollar for trading After months of asking for proof of dollar backing, still no response from Tether.
EDIT: Added a risk factor from 0 to 10. Significant scandals, mishaps, shady practices, questionable technology, increase the risk factor. Not having a product yet automatically means a risk factor of 6. Strong adoption and thus strong scrutiny or positive community lower the risk factor.
EDIT2: Added a subjective potential factor from 0 to 10, where its overall potential and a small or big market cap is factored in. Bitcoin with lots of potential only gets a 9, because of its massive market cap, because if Bitcoin goes 10x, smaller coins go 100x.
submitted by galan77 to ethtrader [link] [comments]

Q&A with Tim Bos

Q: Can you kick off this evening (or morning’s) “Ask Me Anything” with an intro on ShareRing?
A: Sure, ShareRing is an on-demand platform that centralises the highly fragmented sharing economy by bringing together sharing services across all industries and geographies with avid, share economy users who can securely access, connect and pay for these services anywhere in the world.
Basically, we're developing an ecosystem that is essentially the Amazon for the sharing economy.
 
Q: Can you talk about the problem of the sharing economy being centalised?
A: When we started Keaz, our original intention was to actually develop a platform for the sharing of anything. As we developed it and started working throughout the technical and operational issues, we quickly realised that we wouldn't be able to build a system that easily scales to cater for 'all' possibilities in the sharing economy.
In around 2015/16, we started looking at blockchain as an option, as it provided the scalability, security, and also something called smart contracts that allowed us to develop a platform that was flexible enough to cater to all angles of the sharing economy.
 
Q: what particular problems are you solving by being decentralised ?
A: So we started looking at what the 'ideal' blockchain would look like for this...
  1. Smart contracts to allow for trusted transactions between renter and owner.
  2. Ability to have 'providers' run their own sharing/rental (or fractional ownership) business
  3. Integration with IoT for better monitoring and transaction validation
  4. Easy payments
  5. Escrow services
  6. A single app to bring it all together.
 
Q: How does the partnership with BYD benefit the Sharering platform?
We are working with BYD to integrate with their vehicle sensors and validate their vehicles on the platform. This will mean that BYD vehicles are 'ShareRing certified' and can be natively used on the ShareRing blockchain for car sharing (both corporate and consumer). Part of this development also translates easily to other vehicles as we start to certify them, but BYD have been nice enough to provide engineering support throughout the process (as well as a couple of EV's for us to pull apart).
 
Q:Can you explain what set you apart from your competitors? What make you different than Origin for example?
In terms of Origin, I think that they have a great project and some strong partnerships in place. Whilst the goal of 'sharing' is similar on the surface, there are quite a few differences to what they are trying to achieve, and what we are doing
 
Like what?
Origin is basically building a smart contract (what they're calling a 'protocol') on top of the Ethereum platform. This puts them at the whim of Ethereum and whatever direction it takes (i.e. what if a fork essentially breaks the contract, or what if the Ethereum trading volume spikes again, and all transactions take too long to process). It also limits their ability to scale and offer a true one size fits all 'platform' for the sharing economy.
ShareRing is developing an entire sharing ecosystem, building a blockchain and utilizing a two-tiered token system. This means that we can allow complete custom smart contracts within our platform (i.e. one sharing provider might have very different requirements to another), identity management, controlled transaction speeds, a stable token for payments, and so on.
Also, our focus is going to be on both B2B and B2C sharing. We've got a number of projects in the pipeline that focus on B2B at the moment.. some examples are:
  1. Agriculture - We are working with some companies in Australia around the sharing of farm machinery.
  2. Brewery - Monitoring of the beer kegs that are sent to hotels/discos. The brewer doesn't sell the kegs, they loan the kegs, but they often don't get them back.
  3. Corporate car sharing - we have a number of projects in this area from Keaz.
  4. Concierge services - a tailored version of ride-sharing
 
Q: Hi Tim! Can you share some stats about Keaz?
Keaz was established in 2013.
We are a global leader in white label, car-sharing solutions
Keaz have deployed car sharing (both corporate and consumer) in over 300 locations in New Zealand, USA, and Australia
They have offices in Australia, Hong Kong, Vietnam, San Diego and Denver.
Keaz are a profitable company, and have built the business with very little dilution or investment from VC's
 
Q:Why did you decide to go with LPOS for the consensus mechanism?
Leased proof of stake provides a good balance between security, speed and power usage. It's also a proven alternative to very power intensive mining (which is still regarded as the most secure consensus model). The ability to produce 'light' wallets and nodes in an LPOS model is also very appealing for the node holders.
 
Q:Will anyone be able to easily stake their tokens in the network?
We considered using PoW, but it goes against our ethos of helping to reduce waste.
Yes, people can stake their tokens off the back of a masternode. There's a good write-up on the Waves site, as they use a similar model.
 
Q:What is SR's plan for China? It’s got the most vibrant sharing market outside of the USA.
I was in Hong Kong last week discussing a partnership with a very large listed company there. They are looking to be our 'beachhead' for an entry into the Chinese market. The Chinese culture is very very suited to a product like ShareRing
 
Glad to hear this. Would suggest putting more of the effort on USA and China as the culture is already primed for the product.
The Chinese company will basically assist us with marketing and rollout into China across a number of industries (both B2B and B2C).
 
Will there be a Chinese mobile addition at launch?
Yes, definitely.
We're working on translations at the moment.
 
Add a China-connected advisor or two. please. :)
We have some Chinese advisors that we'll be announcing soon. I'm also becoming an advisor to a listed company there to assist with their transition into the sharing economy. We'll announce those within about 6 weeks.
 
Q: Will companies that partner with ShareRing be able to create their own separate mobile app for their niche service, but still be able to run on the ShareRing ecosystem or would they be strictly on the ShareRing app?
Yes, definitely. We have already developed a set of API's that they can use to develop their own app.
 
Q: You mentioned a livestream with the team, did it already happen or was it postponed?
It was postponed.. I was in Vietnam for a blockchain conference there, but I didn't get an opportunity to visit the office. Rohan (our COO) has moved to Vietnam to be hands on with the management of the development team, so he will run an AMA soon.
 
Q: Hey Tim there is 30% of the hard cap dedicated to start ups who will be using the platform is there already start ups in place and how will those figures be allocated
Yes, we are already working with some start-ups. We are looking at a scaled 'investment' into the start-ups, dependent on their stage of development.
We will also be running pitch nights with prizes of $50,000, and also development assistance to bring their ideas to reality.
I have someone on board who will be running that process for us, starting very soon (we will have an online 'pitch fest' soon, where we provide some bounty tokens and financial assistance to the top 10 start-ups).
 
Q: What type of sharing would you say is a bigger market than anyone realize?
Most people talk about sharing in terms of apartments, car sharing, and ride sharing. They're huge, and have a great consumer benefit, but we are also seeing an incredible amount of interest in B2B based sharing across many many areas. It's hard to put my finger on a single area, as it differs based on the vertical, and also location.
 
Q: What do you think will be the hardest obstacles to overcome in the next 6-24months?
The hardest obstacle to overcome will be to make sure we are effective in our community building efforts. A big benefit in our approach is that our 'providers' (the sharing companies that use our platform) will be doing a lot of the marketing for us, but we need to make sure we assist them in that effort. We also need to hit a critical mass of services on offer in each region that we roll out to. There's no point having a wedding dress rental company in Vegas if we don't also have other services to complement it.
A big benefit for us is that our team all have experience in building profitable companies, and also a lot of previous experience in the sharing economy.
 
Q: How does ShareRing compare with Origin or even Odessy based on Tron Blockchain?
Odyssey requires the Tron blockchain to be developed first. And I'm a little confused about that, as Tron was supposed to be a blockchain for media and entertainment. Also, if they're going to use OCoin for the payment of services.. how will they deal with the fluctuating price of the coin??
 
Q: Why should a "company" use ShareRing. How can they make money on a p2p platform? Why should they chose a decentralized system instead of creating their own centralized version where they have all the power?
They will still have all the power by using the blockchain. ShareRing will be a platform that they can develop on top of.
Also, as we are developing an ecosystem, they can benefit from a 'ready made' community that will use their services when they launch.
They also have built in functionality that doesn't need to be developed, such as 'automatic escrow', 'IoT integration (more on that soon)', smart contracts to provide a trusted transaction, integration with insurance (more on that later), payment system that bypasses FX, etc.
 
Q: Can you talk a little bit about how SharePay works? How am I as a user be able to cash out SharePay to fiat?
We will be providing SharePay to fiat cashing services in each country that we roll out to. I had a meeting with a bank yesterday who is very interested in assisting us to do that. They've been working on a similar project that will be complementary to what we are doing.
So correct if i am wrong.. but Sharepay is kind of like digital fiat, and Sharetoken will power the network by confirming transactions by people who staked their tokens for the nodes. Do you plan on ever allowing conversion of SharePay into Sharetoken in the future? Or does that make it too much of a security?
We're drawing up plans to allow this in the future, but it would require us to act as an exchange, which isn't out of the question.
 
Q:What are the purpose and role of masternodes? How does someone qualify?
With the masternodes, we will be releasing a separate paper that describes how this all works. But basically, if you have a masternode, you will be hosting part of the blockchain and providing consensus. You will also (eventually) have voting rights on the network for any update forks that occur. To host a masternode, you need to stake some of your SHR. This is as a security measure to ensure you don't create a false consensus and attempt to break the network.
If you have a look at the Waves consensus model, it's very close to what we are doing. The main difference is that we will be running a dual token, and the actual content and schema of the blockchain will be very different.
 
Q: What environment will the smart contracts be run in? EVM? Will there be any additional optimizations?
For the smart contracts, we will be running our own virtual machine. We won't be using Ethereum virtual machine, but it provides a strong model to base it on. Our smart contracts will be turing complete, with oracle's for external validation if required. We're already working with a well known 'sensoIoT' company to assist with some functionality of our oracles.
 
Q: What is the projected confirmation time with 99.9% certainty? Will there be finality in any form? Will byzantine fault tolerance be used somehow? Why this particular implementation?
Projected confirmation time will be low (seconds), but it's negligible, as we aren't selling a currency that's focused on fast currency transactions. We aren't competing with Dash, etc. Our focus is on how to scale to many many providers and users without affecting the network. For SharePay, we are looking at off-chain confirmations. This will work well, as the transactions are person to person and can be validated.
 
Q: What environment will the smart contracts be run in? EVM? Will there be any additional optimizations?
Projected confirmation time will be low (seconds), but it's negligible, as we aren't selling a currency that's focused on fast currency transactions. We aren't competing with Dash, etc. Our focus is on how to scale to many many providers and users without affecting the network. For SharePay, we are looking at off-chain confirmations. This will work well, as the transactions are person to person and can be validated.
  Q: What is the projected throughput of the blockchain?
We will be starting with 100 tps, but will scale that with some future updates that we've got planned.
How will users discover other ecosystems within the app? How will the ecosystems be curated? The images that show additional ecosystems will not scale, so I was wondering if there would be a design solution that scaled.
We will also be doing curating by ensuring the offer a quality product and service, and making sure that all the insurances, etc. are in place. We will also be releasing a blog in our top countries to keep people updated of what providers and services are available to them.
 
Q: Is the blockchain already under development and do you think you will be able to complete development on schedule?
Yes, it is. We will be launching a test-net shortly after the ICO. But we will also launch the pilot app and API well in advance of our November launch.
 
Q: E-bikes are a great market to be co-opted into the Sharing economy with ShareRing I agree.. e-bikes are becoming big business. We're talking to a company in LA who develop an IoT connected e-bike.

We've got 4 streams of development happening, and we're also hiring an additional 15 developers to speed up the process.
Streams are:
  1. blockchain development « we have the team for this already.
  2. smart contract developement « we are hiring more for this
  3. App development « we are hiring more for this
  4. API development « we are hiring more We've got 4 streams of development happening, and we're also hiring an additional 15 developers to speed up the process. On a side note, I've just been sent another news article we're featured in.. https://www.businessinsider.com.au/australian-blockchain-driven-startup-sharering-just-raised-3-8-million-2018-3
 
Q: I’m not sure if this has been asked before, but what programming language(s) will be used for the blockchain?
Golang smart contracts will be JavaScript based.
awesome.. seems like many projects have used this as their compiling language
 
Q:Are there other positions that you think about? Getting more manpower in marketing maybe?
Yes, marketing and community management will form the bulk of our team. We're already very actively hiring in that area.. we've put out offers for people in HK and Australia, and are looking at Europe now.
 
Q: How does ShareRing plan to make money?
Long term, ShareRing will make money from the transaction fee's (paid in SHR) on the system. We will collect 50% of the fee's that are paid, with the remainder going to the node holders (not unlike a SaaS based company).
Shorter term, we will be providing development services to assist companies coming into the blockchain. We will also be using a lot of the funds to invest into startups on the ecosystem, so we will eventually have some successful exits from those positions.
For the record...
  1. The founders aren't taking any of the ICO funds off the table. All the funds will be used to build the business.
  2. We will be publishing audited results and expenditure information quarterly. We intend to be very transparent as we grow the company.
 
Q: Will ShareRing create any new business ventures on top of the ShareRing platform in the foreseeable future
We might consider doing that, but we need to make sure it's not a distraction to our core ecosystem and community building.
 
Q: What do you think about assets that aren't owned, but shared by everyone?
I see that as the future. There are legal issues to overcome first though. We are looking at 'fractional ownership' where the custodian becomes the temporary owner of an asset.. this would overcome a legal issue where an asset must be owned by a person or company.
 
Q: Whats your take on the whole cryptomarket? any prediction on it?
Haha.. no comment. I'm not a trader, so I don't look at the price variations. One important aspect of ShareRing is that we are taking a 'customer first' approach. Whilst we are a platform that uses blockchain technology, most users of the system won't even see that aspect of the system. It's like asking Amazon what type of database they use.
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TravelCoin ICO – July 5th 2017

Whether you’re commuting to work or travelling overseas for a vacation, travel is a part of most people’s everyday life. The industry alone for vacations is valued at over $1 trillion dollars a year (US) and the travel industry as a whole makes up for 10% of world spending at over $7.6 trillion. Travelcoin is the first of its kind specifically designed to connect the block chain and travel. If you’re an avid traveler, investor, trader, or speculator it’s tough to ignore the potential of the block chain in the travel industry.
Travelcoin dives into a worldwide travel industry for the everyday commute as well as the vacation get away. Say goodbye to paying hidden fees, double booking seats, points you can’t spend, and say hello to real time booking and the lowest fee’s in the market.
Major travel outlet sites like Expedia/hotels.com/Trivago/Travelocity etc charge a minimum of 7.5% fee for booking through their website. Travelcoin will offer the lowest fee of any other travel sites while offering a platform that incorporates all forms of travel and many improvements to today’s major travel sites.
We are in the biggest currency shift in human history and Travelcoin is going to be the biggest travel smart contract system in the world. Travelcoin smart tokens will be used in the travel industry and bring all travel ecosystems together with a public travel blockchain. The future will be space flights, air travel, drones and self-driving cars. To meet future demands Team Travelcoin has positioned itself to meet the future travel needs of humanity.
Travelcoin (TRV) is a blockchain protocol that is customized for the travel industry using smart contract technology. The Travelcoin protocol and its Decentralized Applications (DAPPs) targets key travel benefits and allows for instant bookings, spendable rewards points, from anywhere in the world at the lowest fees. The Travelcoin smart contracts ecosystem makes this possible by handling the sale (contract) of the ticket between the ticket holder and the traveler through the Travelcoin ecosystem. Travelcoin (TRV) tokens are required to run the Travelcoin ecosystem through the ether network as ‘fuel’. While initially you can use the TRV tokens as currency on the Ethereum network, however in the long run it is meant to keep the Travelcoin blockchain running.
When you buy Travelcoins (TRV) in the ICO crowd-sale (initial coin offering), you are capturing a piece of the Travelcoin protocol that will run the future Travelcoin DAPPs. 1 TRV can be divisible to 16 decimal places... therefore you are actually obtaining 1.000000000000000 TRV. To back our early supporters, Travelcoin will also sustain its momentum by charging a re seller fee of 0.000005 TRV to post a ticket on our platform... It might be a fraction of a penny but it allows ticket holders to have the best travel commerce platform in the world with virtually 24/7 uptime. As the Travel ecosystem grows, so will the value of your TRV tokens. You will be able to hold your TRV funds, exchange it with other ether based tokens instantly or use it in the Travelcoin ecosystem to make ticket purchases. Through an experienced team, we are dedicated in ensuring that we constantly create value in the TRV travel hub thereby delivering value increase to the early TRV token and token holders.
Why should someone buy Travelcoin?
Travelcoin is a self-sufficient blockchain and fuels itself by the fee it generates on each transaction. This means over time the more transactions being done the more Travelcoin will be burned creating a shortage of coins which will increase the value of the coin. Travelcoin blockchain will be the future of travel transactions because, it is customized to handle travel ticketing systems as our DAPPs have customized fields to integrate with current travel systems where ticket holders and rewards programs can integrate on one platform and make travel commerce convenient for the end user.
As more vendors and more users come onto the Travelcoin platform, the more demand for the Travelcoin ecosystem will be and therefore raising the value of the coin itself.
Why is Travelcoin better than other Cryptocurrencies?
We have a huge industry to work with; we have a fantastic team with real contacts in the industry. With no other coin structured for the Travel industry, Travelcoin has captured the biggest industry in the cryptocurrency market. With our specific integration into developing the best coin to be used in the travel industry this will allow for adaptation into the real world markets to be as painless as possible and that’s a huge advantage Travelcoin can bring over any other coins in the world today.
Features of the Travelcoin
Lowest Fee’s: Travelcoin will offer a 1% fee. That’s significantly lower than any other booking website!
No double booking: Using Travelcoin’s smart contract system and the speed of the blockchain you’ll never have to worry about double booking again.
Spendable Rewards Anytime: A rewards program with a set dollar figure involved for each point and spendable anytime is long overdue in the travel industry. That’s why Travelcoin will be implementing a rewards program to users that allows them to earn cash back with purchases.
Trip Planner: With the integration of all major travel medians this will allow for Travelcoin to offer the best trip planner ever seen, with travel from point “A” to point “B” at the best rate.
Real Time Booking: Using Travelcoins smart contracts and the blockchain users will have bookings confirmed in real time.
Reseller Services: Ever booked a trip and then tried to cancel? Not the easiest thing to do unless it’s for a medical emergency and they usually charge a hefty fee for a cancellation. At Travelcoin you’ll be able to sell previously booked vacations/tours/trips to another traveler.
Integration with daily Travel: Travelcoin will offer solutions for the everyday traveler, bus, taxi, or just carpooling to be a few of the solutions offered.
Create your own travel destination for others: Travelcoin will allow users to create their own destinations for others whether it’s a cottage, beach house, or simply carpooling downtown. Travelcoin will offer many ways users can offer their services in exchange for Travelcoin.
Travel Trends
The travel sector makes up for 4% of total worldwide employment with over 120 million people working in the industry
$800 Billion is invested annually into the industry yearly
Travel sites make an average 7.5% commission per booking
The time share industry is valued at 130 billion and growing at 8% annually
The average person in North America stays 15.7 nights overnight a year spending on average 65$ a night (Over 300 Billion a year in the US alone)
Growing up in a period of rapid technological as well as cultural change has shaped the youngest generation, the Millennials. The craving for exploring unique cultures as well as the desire for unique experience often drives Millennials’ travel. They desire authenticity, whether via utilizing public transportation or even through eating typical local cookeries.
Travel statistics reveal that 90% of the millennials book travel online, with 87% of these utilizing digital tools in order to compare options. Often, the millennials are highly influenced by their social networks, depending on recommendation as well as images posted by others to choose their destinations. Travel to global destinations provides them with exciting images to post on their feeds.
Providing transparent, self-serve booking experiences meet the millennials’ need for autonomy. Since this generation is extremely conversant with technology and relies a lot on the internet, Travelcoin can make travel easier for them in general. It can offer them the option to pay using digital currency, implying that they will not need to worry about currency conversion and exchange rates while traveling abroad. It can also give them the self-serve booking experience they desire since a lot of them own smartphones.
Additional Travelcoin Values
Overall, the Travel industry continues to grow by 4% annually and plays a major role in creating jobs and entrepreneurship opportunities globally. Countries gain important revenue as well as exposure to their culture and heritage.
Due to the different systems and the large size of the network, there exist some inefficiencies or pain points in the travel industry that require improvement in process and communication. This would ensure that things are made easier for the traveler or even businesses associated within this sector.
One of these pain problems is the currency conversion dilemma. By offering cryptocurrency, Travelcoin will ensure that travelers avoid the currency conversion charges. Another major benefit of this is that carrying a lot of cash will be needless, which is extremely convenient when travelers are traveling in foreign countries.
Travelcoin also makes travel easier by helping travelers avoid bank fees associated with withdrawing money from an ATM or even utilizing credit cards in foreign countries. Additionally, a big problem experienced by tourists is the unavailability of ATMs that support their cards. Travelcoin helps avoid this problem. When paying using debit cards or even credit cards, an individual is forced to share their information with merchants. At times, these merchants cannot be trusted with our banking information. There’s a high risk of such information being leaked either deliberately or unintentionally. This big security threat by itself should be enough to convince people to utilize our digital currency since it is relatively safer.
Areas of Integration
Here at Travelcoin we’re invested into creating a travel platform like no other, with integration of all major sites and travel medians combined onto one platform.
Travelcoin will invest heavily into end user compatibility and liquidity. We have great partners and are working with more big-name travel agency brands to participate in Travelcoin’s ecosystem and provide integration systems.
The dot-com era allowed for advancements of online ticket buying systems and allowed for more convenience and flexibility however these systems are silos and each has its own database. Travelcion will connect these siloed systems to a single world travelcoin smart contract cryptocurrency.
Travelcoin provides a digital currency that can be universally acceptable in all travel systems including buses, bike rentals, cars, taxis, rideshare services, plane, delivery, and space systems. Therefore, it makes it convenient to use one integrated public blockchain travel system and save companies and consumers money.
The ICO
Travelcoin ICO will be launched July 5th 2017 by a reputable team with proven ability to execute at the enterprise level. Check the Travelcoin website (www.travelcoins.io) for the latest information. We will have a list of Travelcoin team members, together with their faces as well as social media profiles, openly accessible by any potential contributor.
The Travelcoins ICO will have clearly defined and realistic goals. We will also have a known market as well as a clear business plan, and technology verification. Efficient utilization of funds, as well as business-based thresholds for both minimum and maximum raise, will be available. Further, the ICO will have a clearly defined legal framework along with ways of scam protection. Our ICO will also have defined terms on how to protect the interests of the investors.
There will be premiums for early investors. An escrow wallet for the contributions as well as a procedure for returning the funds if a failure occurs will also be available. Our ICO will also have perfect timing and good communication. In our case, the most important things to cover are the team, the goals and the terms of the investors.
Structure The ICO will feature unlimited tokens for sale, with each token creating a brother token to be held by Travelcoin. After the ICO no more tokens will ever be created. This means 50% of total coins will be available for sale during the duration of the ICO, July 5th to August 15th.
Early Adopter Rewards as follows: First 24 hours, 20% bonus 25th-48th hour, 15% bonus 49th -168th hour, 10% bonus During week 2, 7.5% bonus During week 3, 5% bonus During week 4, 3.5% bonus Remainder of ICO, 2% bonus
At each milestone “Dream Vacations” will be available in a raffle to anyone who purchased 100 or more coins in that given phase:
5mil – Development of the website with integration of all major travel agencies - When 5 mil is reached, 2 Dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
7.5mil – Mobile Phone App of main website - When 7.5mil is reached, a single dream vacation will be rewarded to a lucky user who has purchased more than 100 coins in this phase
10mil – Mobile and Paper Wallet - When 10 mil is reached, a single dream vacation will be rewarded to a lucky user who has purchased more than 100 coins in this phase 20mil – Credit Card (Travel Pass) - When 20 mil is reached, 5 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
25mil – Rewards Program - When 25 mil is reached, 2 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase 35mil- Integration of the modern “Time Share” - When 35 mil is reached, 5 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase 50mil – Ride Sharing Integration as well as other common medians of transportation - When 50 mil is reached, 5 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase 100mil – Travelcoin atm - When 100mil is reached, 10 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase 150mil+ - Augmented Reality
Travelcoin 2 Year Roadmap
August 15th 2017 – Close off Travelcoin ICO August 20th 2017 – Travelcoin will reach out to exchanges even before coins are made available for withdrawal to ensure a quick and efficient listing on relevant exchanges. 4th Quarter 2017 – Online web wallet on our website will allow users to hold and transfer coins to and from. – Develop RESTful API for integration with GDSs, OTAs, and other intermediaries and travel supplier platforms. 1st Quarter 2018 – Develop Android, iOS app to check TVR balance and send/receive funds. 1st Quarter 2018 – Printable wallet for those who want a paper trail/copy in their hands. Perfect for older generations who are not the most tech savvy. Appealing to all generations is a great opportunity to ensure Travelcoin becomes a major player in the travel industry. 2nd Quarter 2018 – Integration with major industry partners to rollout user eco-system. - Physical card created with direct link to the users’ wallet for making purchases smoother. 2nd Quarter 2018 – Travel rewards program, the more you use the Travelcoin the more you get back! 3rd Quarter 2018 – Website to become fully usable on mobile, including all features on website version, buying tickets and Android, and Apple watch ready.
TravelCoin Secure Storage of ICO
Travelcoin is using CoinPayments provided and managed merchant account that utilizes BitGo’s secure storage for ICO. This further ensures scaleability, security, safety and transparency to ICO supporters.
The future of the travel industry belongs on the blockchain
Team TravelCoin
Emal Safi (CEO – Chief Executive Officer) – 10yrs Business Intelligence, CEO Trendtix Tariq Habib (Business Technology Leader) – ICO Execution, Corporate Structure Jason Coles (CFO – Chief Financial Officer) – Cryptocurrency Entrepreneur Pearce Nementh (CIO – Chief Information Officer) – Information Technology Lavi Malik (Full Stack Developer) – TravelCoin Smart Contracts and DAPPS Santosh Kumar (Developer) – Web and Mobile Damian Bouwers (Communications Manager) – Global Terry Dafos (Strategic Communications) – Global
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