Xapo Bitcoin

4/24/14 - Xapo Debit Card, Russia's 1st Bitcoin Conference & Silk Road 2.0 Recovery

Video: http://moneyandtech.com/apr24-news-update/
Here's what's happening today in Money & Tech:
Bitcoin wallet provider Xapo today announced the launch of what they describe as the first international bitcoin debit card. The Xapo Debit Card will be available in both digital and physical card form, and accepted anywhere MasterCard is accepted. Transactions will work much like with a debit card. Xapo will first verify that the requested amount is available in the account, and then authorize the exchange of funds via BitStamp. Physical cards will begin shipping to Xapo customers in two months.
Russia held its first ever Bitcoin Conference in Moscow Wednesday, where bitcoin experts from around the world expressed their confidence in the future of the digital currency, despite growing restrictions and rumors of a government ban. The situation in Russia has been rocky since the government's February statement that the use of any monetary instruments or surrogates other than the ruble is forbidden. However, when asked at the Bitcoin Conference whether that bitcoin ban indeed exists, one speaker responded by saying, “Nobody knows, and nobody cares.”
Dubai has finally received its first bitcoin ATM, which has been installed in an office in Dubai Media City, and is stirring up both excitement and debate in the country. To date, the Middle East has been one of the least integrated regions into the global Bitcoin network, partly due to concerns over recent industry thefts and regulatory crackdowns in neighboring countries. However local enthusiasts see this ATM as a strong step toward broader adoption, given the region’s large youthful population and high percentage of unbanked.
Mt. Gox bankruptcy proceedings commenced today in Japan, led by appointed bankruptcy trustee Nobuaki Kobayashi. Kobayashi released a five-page statement today detailing the proceedings, which will include an investigation into CEO Mark Karpeles' liability.
The Bitcoin Foundation is now conducting elections to fill the two open industry seats on its Board of Directors, left vacant since the resignation of Mt. Gox CEO Mark Karpeles, and the arrest of Charlie Shrem. Nominations have now been closed, and campaigning is under way. Among the fifteen vying for these two open seats are BTC China CEO Bobby Lee, GoCoin co-founder Brock Pierce, Gyft CEO Vinny Lingham, and Huobi CEO Leon Li. Voting will open to all current Bitcoin Foundation industry members on April 21st.
Since its considerable cyber theft in February, Silk Road version 2.0 has been trying to rebuild and repay its users' lost bitcoins. As of April 8th, as many as 50% of their affected users have already had their lost funds repaid. However, many have yet to log in and claim them. According to the site's administrator Defcon, “over 1000 BTC is sitting in the wallets of victims who have not logged in since the hack.” Defcon went on to say, “We are blown away to be part of such a resilient community. It is clear that Silk Road is a movement, not just a marketplace.”
submitted by moneyandtech to BitcoinMarkets [link] [comments]

4/24/14 - Xapo Debit Card, Russia's 1st Bitcoin Conference & Silk Road 2.0 Recovery

submitted by moneyandtech to Bitcoin [link] [comments]

Long-run favors BTC over BCH, here's why...

There are many reasons why BTC will remain the gold standard and not BCH.
BTC Advantages over BCH:
BCH has:
I have been watching Bitcoin for a long time, and the main thing I've learned is don't overreact to flashes in the pan, weak hands, and anytime a "panic" is happening. What really pays in the long-run is sticking with things that have a proven track record, a high quality set of software engineers and computer scientists, and a critical mass of ecosystem. Nothing compares to Bitcoin in these regards!!
Bitcoin has a very bright future ahead!
submitted by fortunative to Bitcoin [link] [comments]

Daily analysis of cryptocurrencies 20191102 (Market index 50 — Neutral state)

Daily analysis of cryptocurrencies 20191102 (Market index 50 — Neutral state)


Crypto Custody Firm Xapo Initiated 5 Whale Transfers On Nov 1 Citing data from the Bejijing-based blockchain security company Chainsguard, the Bitcoin network witnessed multiple whale transfers on Nov 1. At 21:10:38 UTC on Nov 1, Xapo, a Bitcoin custody service provider, has conducted five whale transfers with the largest amount within one transfer marking up to 20,000 BTC. The total number of moved BTC in these transfers records 65822.01. Many of these BTC originated from the transfers of 4,999 to 10,000 BTC collected by Xapo on the Bitcoin chain at 19:19:49 and 19:32:12 on the same day. One of the main BTC sources initiated by the address starting with 37whD5 was crypto exchange Bitstamp. Previously, the above-mentioned exchange announced that its custodian would change to BitGo. Otherwise, Bitstamp had a great transfer with more than 110,000 BTC involved on October 15. At 20:53:20 on Nov 1, the wallet address beginning with 3AdpZc initiated a transfer of 5000 BTC to the exchange Poloniex. After analysis, the source can be traced back to the coins accumulated by Poloniex in March 2016. Generally speaking, the whale transfer carried out by institutions comes from the needs of business or customers. Sometimes, it is only the planned wallet management.
Utah To Facilitate Voting For Disabled Individuals Through Blockchains Recent reports indicate that blockchain technology will soon be used in Utah, as part of a trial project meant to allow disabled individuals to cast their votes. To put things into perspective, the local council and government of Utah have decided to allow blockchain-based voting via smartphones in the upcoming municipal election that will take place in November. The platform that disabled voters will be using for this election represents the result of a fruitful partnership between the Utah Country Elections Division, the National Cybersecurity Centre, Tusk Philanthropies and Voatz, a local voting app development company.
Ethereum To Increase The Blocksize By 8x Ethereum is partially addressing the many complexities of sharding by simply increasing the blocksize from the equivalent of about 1MB every ten minutes to circa 8MB. Danny Ryan, the Ethereum 2.0 coordinator, publicly said: “We are making the blocks bigger based on recent research on safe block size and propagation times, so the data availability of the system is still > 1MB/s so you can still get similar scalability gains when doing things like ZKrollup and OVM.” ZK rollups are a hybrid scaling method that combines on-chain security and second layer networks through smart contracts and zero knowledge methods. OVM is the Optimistic Virtual Machine from Plasma, with both being more sort of on top of Ethereum’s public blockchain.

During the first quarter of the year, Bitcoin was trapped inside a tight trading range, where major players began buying the fear of retail crypto investors and accumulating the asset at the lowest possible prices.
Starting in the second quarter, the first-ever crypto asset rocketed up from that trading range, and went on a parabolic rally that didn’t stop until Bitcoin met former bear market resistance at $14,000 where it was rejected.
After three consecutive red monthly candles in a row, October closed green and kept a potential bull flag formation on monthly price charts intact, giving bulls hope that the crypto asset’s 2019 rally isn’t totally finished.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more! ABBC Coin (ABBC): 02 November 2019 One-on-one Servicer “Users will be provided with a new one-on-one service platform on Saturday.”

Encrypted project calendar(November 3, 2019)

Waltonchain (WTC): 03 November 2019 Premining Application End “Application for SMN & GMN $WTA pre-mining ends at 17:00 on Nov. 3 (UTC+8).”

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7. Aion (AION): 04 November 2019 CASCON x EVOKE 2019 CASCON x EVOKE 2019 from Nov 4–6 in Toronto. ThoreNext (THX): 04 November 2019 Migration/Swap Begins “4 Nov 2019 Migration/Swap/Issuance start Check Your email 1st Nov To facilitate a streamlined Process, we will use proprietary software…” Ocean Protocol (OCEAN): 04 November 2019 Blckchn for Science Party “Join us on Monday for bottles and (data) models at the official Blockchain for Science afterparty at @betahaus Factom (FCT): 04 November 2019 Grant Deadline “Have an idea you’ve been itching to build using #FactomProtocol? Apply for a grant (the deadline is November 4th):” Winding Tree (LIF): 04 November 2019 HackTravel London HackTravel London from November 4–6 in London.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019. TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!” aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks. ICON (ICX): 05 November 2019 Seoul Meetup “We are pleased to announce that the ICON x Steem DApp SEOUL MEETUP will be held in the ICON Lounge on November 5th.” Utrust (UTK): 05 November 2019 Lisbon Meetup “We’re hosting a meetup for anyone interested in blockchain & crypto adoption! Industry leaders like Cointelegraph, BetProtocol & others…” Siacoin (SC): 05 November 2019 Zurich Meetup “Join us Tuesday, Nov 5th in Zurich for a Sia meetup with CEO David, and devs Chris and PJ at @impacthubzurich.” OKB (OKB): 05 November 2019 Simulation USDT Futures “NEW LAUNCH: The much-awaited $USDT-Margined Futures Trading will soon be available on #OKEx… Simulation launching Nov 5”

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC). Nebulas (NAS): 06 November 2019 Burn Deadline “Be sure to read this announcement & burn your $NAT by November 6th, 3:00p.m. (UTC+8, Beijing time).” Power Ledger (POWR): 06 November 2019 Book Launch ATTN Perth Power Ledger community, we will be hosting renowned economist Ross Garnaut at our WA office for the launch of his latest book…

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th. Waves (WAVES): 07 November 2019 Joins Odyssey “#Waves is joining Odyssey… We’re kicking off on Nov. 7 at Polaris…” Komodo (KMD) and 1 other: 07 November 2019 Block Party Amsterdam Block Party Amsterdam in Amsterdam from 17:30–22:00. Horizen (ZEN): 07 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08 TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…” OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia @sepu85 who will look at the benefits of creating

Encrypted project calendar(November 9, 2019)

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

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…” Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.” Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore. Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”

Encrypted project calendar(November 13, 2019)

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

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th. Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15. Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI Horizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from.. Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019” NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have @Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th” Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019. Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.” OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…” NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!”

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…” Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.” Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.” IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech. OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Telegram: https://t.me/Lay126
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Leak: Bruce Fenton attempts to revive failed and incompetent Bitcoin Foundation

Source: http://pastebin.com/8a2EdtSV (archive: https://archive.is/JK0wO)
To The Core Development Team (BCC: BF Board, Craig Sellars & Bitcoin Error Log)
TLDR: The Bitcoin Foundation is working hard to be an asset to Core Dev and we have some ideas on that -/ we'd appreciate help and feedback.
The Foundation is here and here to stay - lets have this organization be a resource that helps Core and Bitcoin as much as possible.
MOST IMPORTANTLY: We hope for Core Devs to consider the foundation an asset that belongs to you just as much as us or anyone else. We've fixed much of what needed fixing and would welcome your help to make this the most effective benefit to Bitcoin it can be.
Some ways this could be carried out: - Board Seat / I would recommend that the board consider and I believe they would vote to accept a qualified member of the Core Development team to serve - the foundation belongs to you and you can help us lead it
WHAT IF THE FOUNDATION 'BELONGED' TO YOU PERSONALLY OR CORE - Closing or destroying the foundation isn't on the table we are here to stay -- however EVERYTHING else is on the table. If you were an official steward of this organization what would you do tomorrow?
MORE DETAILS: The foundation, like Bitcoin itself, had its four share of ups and downs early on. While the group did some good things: funding of three developers, the bitnodes project, some solid events and a response to Bitlicense, there were some stumbles as well. In general, the decisions most consider to be mistakes at the foundation were the result of management that is long gone. The current team, the board and I, volunteered our time to make the foundation the best asset it can be.
A COUPLE INTERESTING FACTS: My role as Executive Director had previously been a paid role with a $100,000 salary. Currently I serve in this role as an unpaid volunteer. Likewise all board seats are volunteer positions. No board member or me as Executive Director receives any compensation at all for this work. We also do not have any related business, travel pay or any other such perks. Bobby Lee / BTCC, Brock Pierce and I personally each donated $10,000 to the foundation this quarter
The Bitcoin Foundation is the oldest and largest industry group with, by far, the most broad cross section of key industry leaders as members: Circle, Xapo, BTCC, Bitpay, BitFury and many many others. We also represent individual members ranging from newcomers to long time Bitcoin leaders and early adopters to many Core Devs such as Greg Maxwell and Peter Todd.
Most importantly, we are objective, neutral and global. We have maintained representation of a wide variety of members on all sides of major issues and also are the most major organization working on a global scale.
We've spoken to cryptographer and digital asset expert Nick Szabo for his help and suggestions on the most effective use of a grant. (Please note, his involvement is confidential until the donation received and he confirms.)
In summary:
There is is a large amount of code development based on handwaving. In Nick's opinion the blocksize debate showed that even some of the developers don’t really know how secure Bitcoin is they are at the very least very reluctant to talk about the topic, which leaves everybody else in the dark (and not knowing whether some of the developers themselves are in that dark having talked with them about these topics Nick is afraid that many of them are). That is the biggest reason there is so much heat and so little light in the blocksize and related debates about performance vs. security.
So instead of primarily funding yet more development he instead recommends using the funds to increase the rigor of the thinking involved. Specifically, Nick recommends providing it to:
(a) a computer scientist (or small group of same) who is/are familiar with probabilistic and anonymous Byzantine consensus generally, and Bitcoin and Ethereum specifically, in order to
(b) write a paper on proofs of security (technically a proof of highly reliability in a Byzantine consensus-like model that includes defense against Sybil attacks) in abstract models based on Bitcoin and Ethereum, and discuss assumptions and limitations when applying those proofs to actual Bitcoin and Ethereum (this is the most important part), and optionally
(c) recommending or designing next-generation blockchain technology based on improving on those assumptions or reducing those limitations
Nick has agreed to recommend computer scientists who would make good referees to peer review such a paper.
He is a widely respected and relatively non-controversial figure in this industry who also has among the deepest understanding of the real issues facing Bitcoin. The board and I believe that this may be an effective possible use of the funds.
We'd also like feedback from core for any development funding or other initiatives you suggest.
In addition to the Nick Szabo proposal and development grants, the foundation supports many activities which we believe are beneficial to the Bitcoin ecosystem.
A few notable points: · The Bitcoin Foundation remains the largest industry group and one of the only major industry groups with an international focus.
· Membership includes over 1500 and many of the top industry leaders including KnC, BitPay, BitFury, BTCC, ItBit, Circle, Blockchain, Perkins Coie, Chain, Ok, Pillsbury, Lightspeed, Xapo and many others.
· We have international affiliates in a dozen countries and members all over the world.
· All board members, the Executive Director serve as unpaid volunteers.
· Expenses for the foundation have been significantly reduced and fixed costs are very low - currently at less than 10% of peak spending
· Current Board Members:
Elizabeth McCauley (formerly Ploshay), Global Business Development Head, Coinsecure Bobby Lee, CEO, BTCC (Board Vice Chair) Vinny Lingham, Founder, Civic and Gyft Michael Perklin, Head of Security (Ledger Labs), President (C4) Brock Pierce, Managing Director, Blockchain Capital (Board Chair) Francis Pouliot, Director-Bitcoin Embassy
 Other volunteers include: Executive Director, Bruce Fenton (Atlantic Financial) Chairman of the Regulatory Affairs Committee, Marco Santori, Education Committee, Colin Gallagher and many others 
· As discussed above, the main focus areas for The Bitcoin Foundation are in three areas:
  1. Developing Development: increasing the number of developers and the training and knowledge available to them - the flagship of this area is our DevCore event series, next slated for Toronto - past speakers include Greg Maxwell, Charlie Lee, Jeff Garzik, Matt Corallo, Andreas Antonopoulos, Jeremy Allaire and many others. 
  2. Education and adoption: our Education Committee focuses on providing knowledge, white papers, and data to individuals and organizations with a goal of explaining the technology and increasing usage. 
  3. Promoting technical solutions to industry and regulatory challenges: the Bitcoin Foundation does not focus on lobbying and, as an internationally focused organization, we do not actively work on legislation issues. We do however believe that there is benefit in education of international regulators and officials, particularly with a focus on solutions of a technical nature. 
OTHER INITIATIVES OF INTEREST: DevCore Toronto @ The Blockchain Training Conference:
The Bitcoin Foundation has hosted a number of DevCore events, these are not-for-profit workshop intensives designed to encourage development.
Following the successful DevCore Boston, London and San Mateo events, The Bitcoin Foundation is proud to be bringing The Blockchain Training Conference to Toronto in June. This conference - the first of its kind - will host hands-on technical courses from DevCore in addition to hands-on non-technical courses teaching them relevant blockchain skills such as tracking bitcoin sales in QuickBooks (for accountants), how to avoid legal issues when using bitcoin in your company (for lawyers and entrepreneurs), and how buying/selling/trading bitcoin works (for investment advisors).
This unique training conference hits two of our three main focus areas and represents The Bitcoin Foundation’s commitment to preparing the global community for the
Development Communicstions: One exiting new expansion of our "developing development" efforts is in the area of increasing communication and focusing on common areas of development consensus. Leading this effort is Craig Sellars who will join me and the board in working to bring industry leaders together and to foster communications between various development opinions, CEOs and the public.
Speakers Bureau: We have created a Speakers Bureau which includes industry leaders like Andreas Antonopoulos, Nic Cary, Erik Voorhees and many others
Press matching service: We have an additional group of prominent members and friends of the Bitcoin Foundation who we can match to press inquires based on location and topic
If you are still reading this long email, thank you.
More importantly, thank you for the work you do on this mission critical software that makes this amazing tech we all love and care about possible.
We know your work is misunderstood and unappreciated at times and we also understand that we and Bitcoin owe you a great debt.
Please let us do our part and make this organization a resource that you are happy with and which is seen as an asset to core.
I available anytime to discuss.


submitted by breakslowclub to Bitcoin [link] [comments]

Interview: Olga Feldmeier – Smart Valor

Olga Feldmeier is CEO and co-founder of SMART VALOR, a Swiss-based blockchain start-up building a decentralised marketplace for tokenised alternative investments. Olga has extensive experience working in the banking and financial services sector for global brands such as Barclays Capital, UBS Wealth Management and Boston Consulting Group, where she focused on strategy projects at financial institutions such as Deutsche Bank, Unicredit and Commerzbank. Prior to founding SMART VALOR, Olga held the position of Commercial Managing Partner at prominent Silicon Valley Bitcoin startup Xapo.
Olga is a prominent founding member of the Crypto Valley community, and is the producer of the Crypto + ICO Summit, the first global conference focusing on blockchain crowdfunding in Switzerland. She is also a mentor at the largest European accelerator program, Kickstart Accelerator, and regularly delivers talks at conferences and universities on the regulation of Blockchain industry, the tokenisation of assets and the disruption of the banking industry.
When was your first encounter with Blockchain technology, Olga?
The first time I bought Bitcoin was back in 2013. It was because I came across something intriguing, something that was making no sense from the point of view of classical monetary theory.
As the government of Cyprus announced a bail-in for banks, they had to cascade the losses on their shareholders, debt holders and even large depositors. The run on the Cypriot banks pushed Bitcoin from around 50 USD to 200 USD. This case in itself was actually quite an interesting incident from a historical perspective. For the first time in our history the role and behaviour of gold – a physical asset as old as history of humanity – was replicated by something that does not really exist: some abstract computer code run on decentralised network of computers. Perplexing situation, right? Especially if you’ve ventured into the history of monetary policy before. At my post-Soviet Union University this subject was my favourite, as it was a glossy new addition to our Fiscal Policy course.
What about it really caught your attention?
I didn’t take Bitcoin seriously before, but this incident got me thinking. Is it really possible to create a post-national currency that would substitute gold, a universally acknowledged asset? Cyprus was just a little ripple in the ocean of capital markets. What would happen to Bitcoin’s price if World War III were to break out tomorrow?
Later the same year (2013) the Chinese got excited about Bitcoin and the price started to rise even further. Chinese government however understandably was not so happy about this new borderless currency which makes it so easy to circumvent the capital control. There were announcements about a clamp-down on Bitcoin. All of this was to no avail, as the price of Bitcoin just dived for a while. This was the first proof, that governments can’t do much about Bitcoin. This story was replayed in September last year as the Chinese government introduced restrictions on cryptocurrencies exchanges.
submitted by daupreapnemem1986 to ico [link] [comments]

Full English Transcript of Gavin's AMA on 8BTC, April 21st. (Part 1)

Part 2
Part 3
Raw transcript on Google Docs (English+Chinese): https://docs.google.com/document/d/1p3DWMfeGHBL6pk4Hu0efgQWGsUAdFNK6zLHubn5chJo/edit?usp=sharing
Translators/Organizers: emusher, kcbitcoin, nextblast, pangcong, Red Li, WangXiaoMeng. (Ranked in alphabetical order)
Q: What is your relationship with Blockstream now? Are you in a Cold War? Your evaluation on BS was pretty high “If this amazing team offers you a job, you should take it,” tweeted Gavin Andresen, Chief Scientist, Bitcoin Foundation.” But now, what’s your opinion on BS?
A: I think everybody at Blockstream wants Bitcoin to succeed, and I respect and appreciate great work being done for Bitcoin by people at Blockstream.
We strongly disagree on priorities and timing; I think the risks of increasing the block size limit right away are very small. I see evidence of people and businesses getting frustrated by the limit and choosing to use something else (like Ethereum or a private blockchain); it is impossible to know for certain how dangerous that is for Bitcoin, but I believe it is more danger than the very small risk of simply increasing or eliminating the block size limit.
2. Ma_Ya
Q: 1) Why insist on hard fork at only 75%? You once explained that it is possible to be controlled by 5% if we set the threshold at 95%. I agree, but there should be some balance here. 75% means a high risk in splitting, isn’t it too aggressive? Is it better if we set it to 90%?
A: 1)The experience of the last two consensus changes is that miners very quickly switch once consensus reaches 75% -- the last soft fork went from 75% support to well over 95% support in less than one week. So I’m very confident that miners will all upgrade once the 75% threshold is reached, and BIP109 gives them 28 days to do so. No miner wants to create blocks that will not be accepted by the network.
Q: 2) How to solve the potentially very large blocks problem Classic roadmap may cause, and furthur causing the centralization of nodes in the future?
A: 2)Andreas Antonopoulos gave a great talk recently about how people repeatedly predicted that the Internet would fail to scale. Smart engineers proved them wrong again and again, and are still busy proving them wrong today (which is why I enjoy streaming video over my internet connection just about every night).
I began my career working on 3D graphics software, and saw how quickly we went from being able to draw very simple scenes to today’s technology that is able to render hundreds of millions of triangles per second.
Processing financial transactions is much easier than simulating reality. Bitcoin can easily scale to handle thousands of transactions per second, even on existing computers and internet connections, and even without the software optimizations that are already planned.
Q: 3) Why do you not support the proposal of RBF by Satoshi, and even plan to remove it in Classic completely?
A: 3) Replace-by-fee should be supported by most of the wallets people are using before it is supported by the network. Implementing replace-by-fee is very hard for a wallet, especially multi-signature and hardware wallets that might not be connected to the network all of the time.
When lots of wallet developers start saying that replace-by-fee is a great idea, then supporting it at the network level makes sense. Not before.
Q: 4) . Your opinion on soft fork SegWit, sidechain, lighnting network. Are you for or against, please give brief reasons. Thanks.
A: 4) The best way to be successful is to let people try lots of different things. Many of them won’t be successful, but that is not a problem as long as some of them are successful.
I think segregated witness is a great idea. It would be a little bit simpler as a hard fork instead of a soft fork (it would be better to put the merkle root for the witness data into the merkle root in the block header instead of putting it inside a transaction), but overall the design is good.
I think sidechains are a good idea, but the main problem is finding a good way to keep them secure. I think the best uses of sidechains will be to publish “write-only” public information involving bitcoin. For example, I would like to see a Bitcoin exchange experiment with putting all bids and asks and trades on a sidechain that they secure themselves, so their customers can verify that their orders are being carried out faithfully and nobody at the exchanges is “front-running” them.
Q: 5) Can you share your latest opinion on Brainwallet? It is hard for new users to use long and complex secure passphrase, but is it a good tool if it solves this problem?
A: 5) We are very, very bad at creating long and complex passphrases that are random enough to be secure. And we are very good at forgetting things.
We are much better at keeping physical items secure, so I am much more excited about hardware wallets and paper wallets than I am about brain wallets. I don’t trust myself to keep any bitcoin in a brain wallet, and do not recommend them for anybody else, either.
3. BiTeCui
Q: Gavin, do you have bitcoins now? What is your major job in MIT? Has FBI ever investigated on you? When do you think SHA256 might be outdated, it seems like it has been a bit unsafe?
A: Yes, a majority of my own person wealth is still in bitcoins -- more than a financial advisor would say is wise.
My job at MIT is to make Bitcoin better, in whatever way I think best. That is the same major job I had at the Bitcoin Foundation. Sometimes I think the best way to make Bitcoin better is to write some code, sometimes to write a blog post about what I see happening in the Bitcoin world, and sometimes to travel and speak to people.
The FBI (or any other law enforcement agency) has never investigated me, as far as I know. The closest thing to an investigation was an afternoon I spent at the Securities and Exchange Commission in Washington, DC. They were interested in how I and the other Bitcoin developers created the software and how much control we have over whether or not people choose to run the software that we create.
“Safe or unsafe” is not the way to think about cryptographic algorithms like SHA256. They do not suddenly go from being 100% secure for everything to completely insecure for everything. I think SHA256 will be safe enough to use in the all ways that Bitcoin is using it for at least ten years, and will be good enough to be used as the proof-of-work algorithm forever.
It is much more likely that ECDSA, the signature algorithm Bitcoin is using today, will start to become less safe in the next ten or twenty years, but developer are already working on replacements (like Schnorr signatures).
4. SanPangHenBang
Q: It’s a pleasure to meet you. I only have one question. Which company are you serving? or where do you get your salary?
A: The Media Lab at MIT (Massachusetts Institute of Technology) pays my salary; I don’t receive regular payments from anybody else.
I have received small amounts of stock options in exchange for being a techical advisor to several Bitcoin companies (Coinbase, BitPay, Bloq, Xapo, Digital Currency Group, CoinLab, TruCoin, Chain) which might be worth money some day if one or more of those companies do very well. I make it very clear to these companies that my priority is to make Bitcoin better, and my goal in being an advisor to them is to learn more about the problems they face as they try to bring Bitcoin to more of their customers.
And I am sometimes (once or twice a year) paid to speak at events.
Q: Would you mind share your opinion on lightning network? Is it complicated to implement? Does it need hard fork?
A: Lightning does not need a hard fork.
It is not too hard to implement at the Bitcoin protocol level, but it is much more complicated to create a wallet capable of handling Lightning network payments properly.
I think Lightning is very exciting for new kinds of payments (like machine-to-machine payments that might happen hundreds of times per minute), but I am skeptical that it will be used for the kinds of payments that are common on the Bitcoin network today, because they will be more complicated both for wallet software and for people to understand.
6. pangcong
Q: 1) There has been a lot of conferences related to blocksize limit. The two took place in HongKong in Decemeber of 2015 and Feberary of 2016 are the most important ones. Despite much opposition, it is undeniable that these two meetings basically determines the current status of Bitcoin. However, as the one of the original founders of Bitcoin, why did you choose to not attend these meetings? If you have ever attended and opposed gmax’s Core roadmap (SegWit Priority) in one of the meetings, we may be in a better situation now, and the 2M hard fork might have already begun. Can you explain your absence in the two meetings? Do you think the results of both meetings are orchestrated by blockstream?
A: 1) I attended the first scaling conference in Montreal in September of 2015, and had hoped that a compromise had been reached.
A few weeks after that conference, it was clear to me that whatever compromise had been reached was not going to happen, so it seemed pointless to travel all the way to Hong Kong in December for more discussion when all of the issues had been discussed repeatedly since February of 2015.
The February 2016 Hong Kong meeting I could not attend because I was invited only a short time before it happened and I had already planned a vacation with my family and grandparents.
I think all of those conferences were orchestrated mainly by people who do not think raising the block size limit is a high priority, and who want to see what problems happen as we run into the limit.
Q: 2) We have already known that gmax tries to limit the block size so as to get investment for his company. However, it is obvious that overthrowing Core is hard in the short term. What if Core continues to dominate the development of Bitcoin? Is it possible that blockstream core will never raise the blocksize limit because of their company interests?
A: 2) I don’t think investment for his company is Greg’s motivation-- I think he honestly believes that a solution like lightning is better technically.
He may be right, but I think it would be better if he considered that he might also be wrong, and allowed other solutions to be tried at the same time.
Blockstream is a funny company, with very strong-willed people that have different opinions. It is possible they will never come to an agreement on how to raise the blocksize limit.
7. HeiYanZhu
Q: I would like to ask your opinion on the current situation. It’s been two years, but a simple 2MB hard fork could not even be done. In Bitcoin land, two years are incredibly long. Isn’t this enough to believe this whole thing is a conspiracy?
A: I don’t think it is a conspiracy, I think it is an honest difference of opinion on what is most important to do first, and a difference in opinion on risks and benefits of doing different things.
Q: How can a multi-billion network with millions of users and investors be choked by a handful of people? How can this be called decentrilized and open-source software anymore? It is so hard to get a simple 2MB hard fork, but SegWig and Lighting Network with thousands of lines of code change can be pushed through so fast. Is this normal? It is what you do to define if you are a good man, not what you say.
A: I still believe good engineers will work around whatever unnecessary barriers are put in their way-- but it might take longer, and the results will not be as elegant as I would prefer.
The risk is that people will not be patient and will switch to something else; the recent rapid rise in developer interest and price of Ethereum should be a warning.
Q: The problem now is that everybody knows Classic is better, however, Core team has controlled the mining pools using their powers and polical approaches. This made them controll the vast majority of the hashpower, no matter what others propose. In addition, Chinese miners have little communication with the community, and do not care about the developement of the system. Very few of them knows what is going on in the Bitcoin land. They almost handed over their own power to the mining pool, so as long as Core controls the pools, Core controls the whole Bitcoin, no matter how good your Classic is. Under this circumstance, what is your plan?
A: Encourage alternatives to Core. If they work better (if they are faster or do more) then Core will either be replaced or will have to become better itself. I am happy to see innovations happening in projects like Bitcoin Unlimited, for example. And just this week I see that Matt Corallo will be working on bringing an optmized protocol for relaying blocks into Core; perhaps that was the plan all along, or perhaps the “extreme thin blocks” work in Bitcoin Unlimited is making that a higher priority. In any case, competition is healthy.
Q: From this scaling debate, do you think there is a huge problem with Bitcoin development? Does there exsit development centrilization? Does this situation need improvment? For example, estabilish a fund from Bitcoin as a fundation. It can be used for hiring developers and maintainers, so that we can solve the development issue once and for all.
A: I think the Core project spends too much time thinking about small probability technical risks (like “rogue miners” who create hard-to-validate blocks or try to send invalid blocks to SPV wallets) and not enough time thinking about much larger non-technical risks.
And I think the Core project suffers from the common open source software problem of “developers developing for developers.” The projects that get worked on are the technically interesting projects-- exciting new features (like the lightning network), and not improving the basic old features (like improving network performance or doing more code review and testing).
I think the situation is improving, with businesses investing more in development (but perhaps not in the Core project, because the culture of that project has become much less focused on short-term business needs and more on long-term exciting new features).
I am skeptical that crowd-funding software development can work well; if I look at other successful open source software projects, they are usually funded by companies, not individuals.
You are one of the most-repected person in Bitcoin world, I won’t miss the chance to ask some questions. First of all, I am a Classic supporter. I strongly believe that on-chain transcations should not be restrained artificially. Even if there are transcations that are willing to go through Lighting Network in the future, it should be because of a free market, not because of artificial restrication. Here are some of my questions:
Q: 1) For the past two years, you’ve been proposing to Core to scale Bitcoin. In the early days of the discussion, Core devs did agree that the blocksize should be raised. What do you think is the major reason for Core to stall scaling. Does there exist conflict of interest between Blockstream and scaling?
A: 1) There might be unconscious bias, but I think there is just a difference of opinion on priorities and timing.
Q: 2) One of the reason for the Chinese to refuse Classic is that Classic dev team is not technically capable enough for future Bitcoin development. I also noticed that Classic does have a less frequent code release compared to Core. In your opinion, is there any solution to these problems? Have you ever thought to invite capable Chinese programers to join Classic dev team?
A: 2) The great thing about open source software is if you don’t think the development team is good enough (or if you think they are working on the wrong things) you can take the software and hire a better team to improve it.
Classic is a simple 2MB patch on top of Core, so it is intentional that there are not a lot of releases of Classic.
The priority for Classic right now is to do things that make working on Classic better for developers than working on Core, with the goal of attracting more developers. You can expect to see some results in the next month or two.
I invite capable programmers from anywhere, including China, to help any of the teams working on open source Bitcoin software, whether that is Classic or Core or Unlimited or bitcore or btcd or ckpool or p2pool or bitcoinj.
Q: 3) Another reason for some of the Chinese not supporting Classic is that bigger blocks are more vulnerable to spam attacks. (However, I do think that smaller blocks are more vlunerable to spam attack, because smaller amount of money is needed to choke the blockchain.) What’s our opinion on this?
A: 3) The best response to a transaction spam attack is for the network to reject transactions that pay too little fees but to simply absorb any “spam” that is paying as much fees as regular transactions.
The goal for a transaction spammer is to disrupt the network; if there is room for extra transactions in blocks, then the network can just accept the spam (“thank you for the extra fees!”) and continue as if nothing out of the ordinary happened.
Nothing annoys a spammer more than a network that just absorbs the extra transactions with no harmful effects.
Q: 4) According to your understanding on lighting network and sidechains,if most Bitcoin transactions goes throught lighting network or sidechains, it possible that the fees paid on the these network cannot reach the main-chain miners, which leaves miners starving. If yes, how much percent do you think will be given to miners.
A: 4) I don’t know, it will depend on how often lightning network channels are opened and closed, and that depends on how people choose to use lightning.
Moving transactions off the main chain and on to the lightning network should mean less fees for miners, more for lightning network hubs. Hopefully it will also mean lower fees for users, which will make Bitcoin more popular, drive up the price, and make up for the lower transaction fees paid to miners.
Q: 5) The concept of lighting network and sidechains have been out of one or two years already, when do you think they will be fully deployed.
A: 5) Sidechains are already “fully deployed” (unless you mean the version of sidechains that doesn’t rely on some trusted gateways to move bitcoin on and off the sidechain, which won’t be fully deployed for at least a couple of years). I haven’t seen any reports of how successful they have been.
I think Lightning will take longer than people estimate. Seven months ago Adam Back said that the lightning network might be ready “as soon as six months from now” … but I would be surprised if there was a robust, ready-for-everybody-to-use lightning-capable wallet before 2018.
Q: 6)Regarding the hard fork, Core team has assumed that it will cause a chain-split. (Chinese miners are very intimitated by this assumption, I think this is the major reason why most of the Chinese mining pools are not switching to Classic). Do you think Bitcoin will have a chain-split?
A: 6) No, there will not be a chain split. I have not talked to a single mining pool operator, miner, exchange, or major bitcoin business who would be willing to mine a minority branch of the chain or accept bitcoins from a minority branch of the main chain.
Q: 7) From your point of view, do you think there is more Classic supporters or Core supporters in the U.S.?
A: 7) All of the online opinion pools that have been done show that a majority of people worldwide support raising the block size limit.
9. btcc123
Q: Which is more in line with the Satoshi’s original roadmap, Bitcoin Classic or Bitcoin Core? How to make mining pools support and adopt Bitcoin Classic?
A: Bitcoin Classic is more in line with Satoshi’s original roadmap.
We can’t make the mining pools do anything they don’t want to do, but they are run by smart people who will do what they think is best for their businesses and Bitcoin.
Q: Do you have any solution for mining centralization? What do you think about the hard fork of changing mining algorithms?
A: I have a lot of thoughts on mining centralization; it would probably take ten or twenty pages to write them all down.
I am much less worried about mining centralization than most of the other developers, because Satoshi designed Bitcoin so miners make the most profit when they do what is best for Bitcoin. I have also seen how quickly mining pools come and go; people were worried that the DeepBit mining pool would become too big, then it was GHash.io…
And if a centralized mining pool does become too big and does something bad, the simplest solution is for businesses or people to get together and create or fund a competitor. Some of the big Bitcoin exchanges have been seriously considering doing exactly that to support raising the block size limit, and that is exactly the way the system is supposed to work-- if you don’t like what the miners are doing, then compete with them!
I think changing the mining algorithm is a complicated solution to a simple problem, and is not necessary.
11. ChaLi
Q: Last time you came to China, you said you want to "make a different". I know that in USA the opposition political party often hold this concept, in order to prevent the other party being totally dominant. Bitcoin is born with a deep "make a different" nature inside. But in Chinese culture, it is often interpreted as split “just for the sake of splitting”, can you speak your mind on what is your meaning of "make a different"?
A: I started my career in Silicon Valley, where there is a lot of competition but also a lot of cooperation. The most successful companies find a way to be different than their competitors; it is not a coincidence that perhaps the most successful company in the world (Apple Computer) had the slogan “think different.”
As Bitcoin gets bigger (and I think we all agree we want Bitcoin to get bigger!) it is natural for it to split and specialize; we have already seen that happening, with lots of choices for different wallets, different exchanges, different mining chips, different mining pool software.
12. bluestar
Q: 1) The development of XT and Classic confirmed my thoughts that it is nearly impossible to use a new version of bitcoin to replace the current bitcoin Core controlled by Blockstream. I think we will have to live with the power of Blockstream for a sufficient long time. It means we will see the deployment of SegWit and Lighting network. If it really comes to that point, what will you do? Will you also leave like Mike Hearn?
A: 1) With the development of Blockchain, bitcoin will grow bigger and bigger without any doubts, And also there will be more and more companies related to the bitcoin network. When it comes to money, there will be a lot of fights between these companies. Is it possible to form some kind of committee to avoid harmful fights between these companies and also the situation that a single company controlling the direction of the bitcoin development? Is there any one doing this kind of job right now?
Q: 2) My final question would be, do you really think it is possible that we can have a decentralized currency? Learning from the history, it seems like every thing will become centralized as long as it involves human. Do you have any picture for a decentralized currency or even a society? Thanks.
A: 2) I think you might be surprised at what most people are running a year or three from now. Perhaps it will be a future version of Bitcoin Core, but I think there is a very good chance another project will be more successful.
I remember when “everybody” was running Internet Explorer or Firefox, and people thought Google was crazy to think that Chrome would ever be a popular web browser. It took four years for Chrome to become the most popular web browser.
In any case, I plan on working on Bitcoin related projects for at least another few years. Eventually it will become boring or I will decide I need to take a couple of years of and think about what I want to do next.
As for fights between companies: there are always fights between companies, in every technology. There are organizations like the IETF (Internet Engineering Task Force) that try to create committees so engineers at companies can spend more time cooperating and less time fighting; I’m told by people who participate in IETF meetings that they are usually helpful and create useful standards more often than not.
Finally, yes, I do think we can have a “decentralized-enough” currency. A currency that might be controlled at particular times by a small set of people or companies, but that gives everybody else the ability to take control if those people or businesses misbehave.
13. satoshi
Hi Gavin, I have some questions:
Q: 1) I noticed there are some new names added to the classic team list. Most people here only know you and Jeff. Can you briefly introduce some others to the Chinese community?
A: 1)
Tom Zander has been acting as lead developer, and is an experienced C++ developer who worked previously on the Qt and Debian open source projects.
Pedro Pinheiro is on loan from Blockchain.info, and has mostly worked on continuous integration and testing for Classic.
Jon Rumion joined recently, and has been working on things that will make life for developers more pleasant (I don’t want to be more specific, I don’t want to announce things before they are finished in case they don’t work out).
Jeff has been very busy starting up Bloq, so he hasn’t been very active with Classic recently. I’ve also been very busy traveling (Barbados, Idaho, London and a very quick trip to Beijing) so haven’t been writing much code recently.
Q: 2) if bitcoin classic succeeded (>75% threshold), what role would you play in the team after the 2MB upgrade finished, as a leader, a code contributor, a consultant, or something else?
A: 2)Contributor and consultant-- I am trying not to be leader of any software project right now, I want to leave that to other people who are better at managing and scheduling and recruiting and all of the other things that need to be done to lead a software project.
Q: 3) if bitcoin classic end up failed to achieve mainstream adoption (<75% 2018), will you continue the endeavor of encouraging on-chain scaling and garden-style growth of bitcoin?
A: 3) Yes. If BIP109 does not happen, I will still be pushing to get a good on-chain solution to happen as soon as possible.
Q: 4) Have you encountered any threat in your life, because people would think you obviously have many bitcoins, like what happened to Hal Finney (RIP), or because some people have different ideas about what bitcoin's future should be?
A: 4) No, I don’t think I have received any death threats. It upsets me that other people have.
Somebody did threaten to release my and my wife’s social security numbers and other identity information if I did not pay them some bitcoins a couple of years ago. I didn’t pay, they did release our information, and that has been a little inconvenient at times.
Q: 5) Roger Ver (Bitcoin Jesus) said bitcoin would worth thousands of dollars. Do you have similar thoughts? If not, what is your opinion on bitcoin price in future?
A: 5) I learned long ago to give up trying to predict the price of stocks, currencies, or Bitcoin. I think the price of Bitcoin will be higher in ten years, but I might be wrong.
Q: 6) You've been to China. What's your impression about the country, people, and the culture here? Thank you!
A: 6) I had a very quick trip to Beijing a few weeks ago-- not nearly long enough to get a good impression of the country or the culture.
I had just enough time to walk around a little bit one morning, past the Forbidden City and walk around Tianmen Square. There are a LOT of people in China, I think the line to go into the Chairman Mao Memorial Hall was the longest I have ever seen!
Beijing reminded me a little bit of London, with an interesting mix of the very old with the very new. The next time I am in China I hope I can spend at least a few weeks and see much more of the country; I like to be in a place long enough so that I really can start to understand the people and cultures.
14. Pussinboots
Q: Dear Gavin, How could I contact you, we have an excellent team and good plans. please confirm your linkedin.
A: Best contact for me is [email protected] : but I get lots of email, please excuse me if your messages get lost in the flood.
15. satoshi
Q: Gavin, you've been both core and classic code contributor. Are there any major differences between the two teams, concerning code testing (quality control) and the release process of new versions?
A: Testing and release processes are the same; a release candidate is created and tested, and once sufficiently tested, a final release is created, cryptographically signed by several developers, and then made available for download.
The development process for Classic will be a little bit different, with a ‘develop’ branch where code will be pulled more quickly and then either fixed or reverted based on how testing goes. The goal is to create a more developer-friendly process, with pull requests either accepted or rejected fairly quickly.
16. tan90d
I am a bitcoin enthusiast and a coin holder. I thank you for your great contribution to bitcoin. Please allow me to state some of my views before asking:
  1. I'm on board with classic
  2. I support the vision to make bitcoin a powerful currency that could compete with Visa
  3. I support segwit, so I'll endorse whichever version of bitcoin implementation that upgrades to segwit, regardless of block size.
  4. I disagree with those who argue bitcoin main blockchain should be a settlement network with small blocks. My view is that on the main chain btc should function properly as a currency, as well as a network for settlement.
  5. I'm against the deployment of LN on top of small block sized blockchain. Rather, it should be built on a chain with bigger blocks.
  6. I also won’t agree with the deployment of many sidechains on top of small size block chain. Rather, those sidechains should be on chain with bigger blocks.
With that said, below are my questions:
Q: 1) If bitcoin is developed following core's vision, and after the 2020 halving which cuts block reward down to 6.125BTC, do you think the block transaction fee at that time will exceed 3BTC?
A: 1) If the block limit is not raised, then no, I don’t think transaction fees will be that high.
Q: 2) If bitcoin is developed following classic's vision, and after the 2020 halving which cuts block reward down to 6.125BTC, do you think the block transaction fee at that time will exceed 3BTC?
A: 2) Yes, the vision is lots of transactions, each paying a very small fee, adding up to a big total for the miners.
Q: 3) If bitcoin is developed following core's vision, do you think POW would fail in future, because the mining industry might be accounted too low value compared with that of the bitcoin total market, so that big miners could threaten btc market and gain profit by shorting?
*The questioner further explained his concern.
Currently, its about ~1.1 billion CNY worth of mining facilities protecting ~42 billion CNY worth (6.5 Billion USD) of bitcoin market. The ratio is ~3%. If bitcoin market cap continues to grow and we adopt layered development plan, the mining portion may decrease, pushing the ratio go even down to <1%, meaning we are using very small money protecting an huge expensive system. For example, in 2020 if bitcoin market cap is ~100 billion CNY, someone may attempt to spend ~1 billion CNY bribe/manipulate miners to attack the network, thus making a great fortune by shorting bitcoin and destroying the ecosystem.
A: 3) Very good question, I have asked that myself. I have asked people if they know if there have been other cases where people destroyed a company or a market to make money by shorting it -- as far as I know, that does not happen. Maybe because it is impossible to take a large short position and remain anonymous, so even if you were successful, you would be arrested for doing whatever you did to destroy the company or market (e.g. blow up a factory to destroy a company, or double-spend fraud to try to destroy Bitcoin).
Q: 4) If bitcoin is developed following classic's vision, will the blocks become too big that kill decentralization?
A: 4) No, if you look at how many transactions the typical Internet connection can support, and how many transactions even a smart phone can validate per second, we can support many more transactions today with the hardware and network connections we have now.
And hardware and network connections are getting faster all the time.
Q: 5) In theory, even if we scale bitcoin with just LN and sidechains, the main chain still needs blocks with size over 100M, in order to process the trading volume matching Visa's network. So does core have any on-chain scaling plan other than 2MB? Or Core does not plan to evolve bitcoin into something capable of challenging visa?
A: 5) Some of the Core developer talk about a “flexcap” solution to the block size limit, but there is no specific proposal.
I think it would be best to eliminate the limit all together. That sounds crazy, but the most successful Internet protocols have no hard upper limits (there is no hard limit to how large a web page may be, for example), and no protocol limit is true to Satoshi’s original design.
Q: 6) If (the majority of) hash rate managed to switch to Classic in 2018, will the bitcoin community witness the deployment of LN in two years (~2018)?
A: 6) The bottleneck with Lightning Network will be wallet support, not support down at the Bitcoin protocol level. So I don’t think the deployment schedule of LN will be affected much whether Classic is adopted or not.
Q: 7) If (majority) hash rate upgraded to blocks with segwit features in 2017 as specified in core's roadmap, would classic propose plans to work on top of that (blocks with segwit)? Or insist developing simplified segwit blocks as described in classic's roadmap?
A: 7) Classic will follow majority hash rate. It doesn’t make sense to do anything else.
Q: 8) If most hash rate is still on core's side before 2018, will you be disappointed with bitcoin, and announce that bitcoin has failed like what Mike did, and sell all your stashed coins at some acceptable price?
A: 8) No-- I have said that I think if the block size limit takes longer to resolve, that is bad for Bitcoin in the short term, but smart engineers will work around whatever road blocks you put in front of them. I see Bitcoin as a long-term project.
Q: 9) If we have most hash rate switched to classic's side before 2018, what do you think will be the fate of Blockstream company?
A: 9) I think Blockstream might lose some employees, but otherwise I don’t think it will matter much. They are still producing interesting technology that might become a successful business.
Q: 10) If we have most hash rate still on core's side before 2018, what do you think will be the fate of Blockstream company?
A: 10) I don’t think Blockstream’s fate depends on whether or not BIP109 is adopted. It depends much more on whether or not they find customers willing to pay for the technology that they are developing.
Q: 11) If we have most hash rate still on core's side before 2018, what do you think will be the fate of companies that support classic, such as Coinbse, bitpay, and Blockchain.info?
A: 11) We have already seen companies like Kraken support alternative currencies (Kraken supports Litecoin and Ether); if there is no on-chain scaling solution accepted by the network, I think we will see more companies “hedging their bets” by supporting other currencies that have a simpler road map for supporting more transactions.
Q: 12) If we have most hash rate switched to classic's side before 2018, will that hinder the development of sidechain tech? What will happen to companies like Rockroot(Rootstock?) ?
A: 12) No, I think the best use of sidechains is for things that might be too risky for the main network (like Rootstock) or are narrowly focused on a small number of Bitcoin users. I don’t think hash rate supporting Classic will have any effect on that.
Q: 13) Between the two versions of bitcoin client, which one is more conducive to mining industry, classic or core?
A: 13) I have been working to make Classic better for the mining industry, but right now they are almost identical so it would be dishonest to say one is significantly better than the other.
17. Alfred
Q: Gavin, can you describe what was in your mind when you first learned bitcoin?
A: I was skeptical that it could actually work! I had to read everything I could about it, and then read the source code before I started to think that maybe it could actually be successful and was not a scam.
submitted by kcbitcoin to btc [link] [comments]

Remember: even Bill Gates didn't get bitcoin at the beginning. But to his credit, was willing to listen to those with real expertise, and admit he had got it wrong.

From Nathaniel Popper's book "Digital Gold" (2015).
At the Allen & Co. conference, Wences Casares was given one of the speaking slots before Jeff Bezos and Warren Buffett took the stage.
[Wences is an Argentinian technology entrepreneur who had founded Argentina’s first internet service provider. Through his many connections with high profile people in Silicon Valley, Wences was already able to convince the likes of Max Levchin, Marc Andreessen, David Marcus, Reid Hoffman and many more of the promise of Bitcoin].
Wences gave what was becoming a standard talk, beginning with the history of money, and going on to discuss the potential for Bitcoin to provide financial services to poor people who had long been shut out. He touched on Xapo [Wences’ latest Bitcoin startup] only briefly, at the end. After Wences came down and took a seat with Belle [Wences’ wife], Bezos said from the stage that it was the kind of talk that kept him coming to these events.
In the hallway walking to lunch, after the Bezos-Buffett conversation, Wences spotted Bill Gates, who had been notably reticent about Bitcoin. Wences knew that Gates’s multibillion-dollar foundation had been making a big push to get people in the developing world connected financially, and Wences approached him to explain why Bitcoin might help his cause. As soon as Wences broached the topic, Gates’s face clouded over, and there was a note of anger in his voice as he told Wences that the foundation would never use an anonymous money to further its cause.
Wences was somewhat taken aback, but this was not the first time he had been challenged by a powerful person. He quickly said that Bitcoin could indeed be used anonymously—but so could cash. And Bitcoin services could easily be set up so that users were not anonymous. He then spoke directly to the work that Gates was doing, and noted that the foundation had been pushing people in poor countries into expensive digital services that came with lots of fees each time they were used. The famous M-Pesa system allowed Kenyans to hold and spend money on their cell phones, but charged a fee each time.
“You are spending billions to make poor people poorer,” Wences said.
Gates didn’t just roll over. He vigorously defended the work his foundation had already done, but Gates was less hostile than he had been a few moments earlier, and seemed to evince a certain respect for Wences’s chutzpah.
Wences saw the crowd that was watching the conversation, and knew he had to be careful about antagonizing Bill Gates, especially in front of others. But Wences had another point he wanted to make. He knew that back in the early days of the Internet, Gates had initially bet against the open Internet and built a closed network for Microsoft that was similar to Compuserve and Prodigy—it linked computers to a central server, with news and other information, but not to the broader Internet, as the TCP/IP protocol allowed.
“To me it feels like you are trying to get the whole world connected with something like Compuserve when everyone already has access to TCP/IP,” he said, and then paused anxiously to see what kind of response he would get.
What he heard back from Gates was more than he could have reasonably hoped for.
“You know what? I told the foundation not to touch Bitcoin and that may have been a mistake,” Gates said, amicably. “We are going to call you.”
Not long after, in July 2015, it was announced that the Bill and Melinda Gates foundation would be promoting bitcoin awareness in Kenya.
TL;DR ;)
submitted by smeggletoot to Bitcoin [link] [comments]

"The Rise and Rise of Bitcoin" at the Sundance Film Festival

The Rise and Rise of Bitcoin will be screening during the Sundance Film Festival in Park City Utah tomorrow, Friday, January 23rd, at 3:30 pm on Main Street.
If you happen to be in the area or are up for a good old fashioned road trip, we would love to have you there. Please email [email protected] with your information, and we will reply as soon as possible with your confirmation.
Matthew Roszac and Erik Voorhees will be speaking after the screening, accompanied by one of the film's producers, Ben Bledsoe. (me).
If you are unable to attend but would like to help, we would love any tweeting, posting, and general promotion that you are willing to offer. Thank you so much. Below is our press release information:
What: Screening of “The Rise and Rise of Bitcoin” documentary during the Sundance Film Festival. Paired with and followed by the annual Hackdance.
Where: 596 Main Street, Park City, UT 84060
When: 3:30 P.M. on Friday January 23rd.
A computer programmer becomes fascinated with the digital currency Bitcoin, and through his involvement in the Bitcoin community, we learn about the impending global impact of this amazing new technology.
Dan is a 35 year old computer programmer from Pittsburgh who lives a busy life. Along with balancing work, his marriage, and raising his three boys, Dan spends much of his time actively involved in all things Bitcoin. After discovering Bitcoin in 2011, his love and obsession for the crypto-currency was born, revealing an uncharted world of new possibilities for him to explore. Join us as we take a journey through the rapidly growing world of Bitcoin. Along the way, we'll follow the stories of entrepreneurs and startups that are helping shape the new financial frontier. We'll look at the competitive mining market and the various subcultures within the Bitcoin community. You'll encounter a variety of characters and opinions as we examine the social and political impact of an open-source digital currency. Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world?
Director: Nicholas Mross
Who: Paired with the annual celebrity Hackdance, this screening of “The Rise and Rise of Bitcoin” will both educate its viewers on this emerging new technology and system of finance, as well as offer questions for industry experts after the screening.
Matthew Roszak Founder & CEO, Tally Capital Mr. Roszak is founder and CEO of Tally Capital, a venture capital firm focused on blockchain enabled technologies and currencies. Named as one of the “who’s who of the crypto-currency world” by The Wall Street Journal, Mr. Roszak is a Bitcoin investor, advocate and speaker. Mr. Roszak has invested in over 20 Bitcoin start-ups, including BitFury, BitGo, Blockstream, Robocoin and Xapo. Mr. Roszak is also a founding partner with Crypto Currency Partners. Mr. Roszak is an advisor to several Bitcoin accelerators, including Bitropolis (Los Angeles), Decentral (Toronto) and The Chicago Bitcoin Center. In addition, Mr. Roszak is the co-chairman of The North American Bitcoin Conference. In 2013, Mr. Roszak founded the Bitcoin Supper Club, a gathering of CEOs, founders and extraordinary individuals in the Bitcoin community. Mr. Roszak is also a producer of the first ever Bitcoin documentary, “The Rise and Rise of Bitcoin.” Mr. Roszak is the chairman of BitcoinCares, a charity that leverages the Bitcoin community for initiatives in promoting education and fighting child hunger. Mr. Roszak is a member of the National Venture Capital Association, serves on the executive committee of the Chamber of Digital Commerce and is a lifetime member of the Bitcoin Foundation. Mr. Roszak is a board member and beneficial owner of various companies, including: Barefoot Landing, Eboost, InterAct911, MissionMode, Onramp, Pendulab, SolidSpace, TrueLook and Viwawa. Mr. Roszak has spent over 18 years in private equity and venture capital with Advent International, Keystone Capital Partners, Platinum Venture Partners and SilkRoad Equity, and has invested over $1 billion of capital (from start-up to IPO) in a broad range of industries.
Erik Voorhees Erik Voorhees is among the top-recognized serial Bitcoin advocates and entrepreneurs, understanding Bitcoin as one of the most important inventions ever created by humanity. Having been a featured guest on Bloomberg, Fox Business, CNBC, BBC Radio, The Peter Schiff Show, and numerous Bitcoin and industry conferences, Erik humbly suggests that there is no such thing as a “free market” when the institution of money itself is centrally planned and controlled. This blog is about the human struggle for the separation of money and state, and about Bitcoin as the instrument by which it will happen.
Ben Bledsoe Founder & CEO, 44th Floor Productions Producer of “The Rise and Rise of Bitcoin”
Ben Bledsoe is closely familiar with several sides of the entertainment industry. Having 2 Gold records as a musician, series regular and lead roles in film and TV, and having produced a wide range of Film, TV, and commercial projects, Bledsoe is thrilled to be a part of the team that is bringing The Rise and Rise of Bitcoin, a documentary showcasing this incredible new technology and system of finance, to the world.
Having premiered at the Tribeca International Film Festival, and released through Gravitas Ventures, the feature-length doc quickly reached the #1 Documentary spot on iTunes. The film has been requested, showcased, and discussed by companies like Bloomberg Media, government funded think tanks, International Banking companies and conferences, and much more. “The Rise and Rise of Bitcoin” offers a rare inside look at some of the visionaries who helped bring this groundbreaking and disruptive new technology out of the fringe and into the forefront.
For more information, please visit: www.BitcoinDoc.com
submitted by BitBen to Bitcoin [link] [comments]

Crypto Gang visits Crypto Valley — the Swiss heart of European Blockchain

Crypto Gang visits Crypto Valley — the Swiss heart of European Blockchain
Opening of the Crypto Valley Conference and introduction by Oliver Bussmann, President of Crypto Valley Association, and one of the top blockchain influencers in the world.
Switzerland is Europe’s answer to the Silicone Valley, Malta, and Singapore. The country offers one of the key hubs for crypto technology development. The majority of infrastructure is located in Crypto Valley within a unique district of Zug. It is the mothership for the blockchain ecosystem. A global center where emerging cryptocurrency, blockchain, and other distributed ledger technologies rise. There, they develop in a highly supportive and safe environment.
Getting to Switzerland was a collaboration of our interest with the support and eagerness of our clients. Anton Dyshkant, the business development director at Crypto Gang, traveled to Crypto Valley to meet and cooperate with our existing clients there. He also had a chance to participate at the International Crypto Valley Conference on Blockchain Technology. Below is a summary of highlights Crypto Gang is most excited to share.
The Event
The 2018 International Crypto Valley Conference was organized by Crypto Valley, and took place on June 20–22 of 2018, in Zug. It brought together attendees from America and Europe to discuss state of the art advances within the Blockchain Technology ecosystem.
Opening of the Crypto Valley conference.
We took part in a truly unique experience. The event only hosted 800 attendees all of whom were industry professionals. These individuals are fully committed to developing the blockchain sphere and are active contributors to its progress.
At the pre-event of Crypto Valley conference arranged by Token Foundry. With Olga Feldmeier — CEO of Smart Valor, a former executive of UBS, Barclays Investment Bank, The Boston Consulting Group (BSG), and a well-known influencer in crypto world.
Among the speakers were representatives from such organizations as: Ripple, Microsoft, Cornell University, Swiss Government, UC Berkeley, IBM Research Zurich, Cisco, Eternity, and many others. Everyone was focused on quality networking opportunities. The event hummed with innovation and exuded creativity sparked by international collaboration.
Listed below are a few of the most notable attendees:
Oliver Bussmann — the advisor for top crypto projects (IOTA, Ripple, Shapeshift)
Prof. Dr. Emin Gun Sirer of Cornell University
Stefan Thomas — the inventor of the Interledger Protocol and CTO of Ripple
Dolfi Mueller — the mayor of Zug who vigorously supports the blockchain throughout Switzerland
Daniel Haudenschild — head of Swisscom Blockchain AG
Richard Olsen — CEO of Lykke
With Richard Olsen, founder of Lykke foundation. Crypto Gang is partnering with Swiss-based Lykke providing branding services to its clients. Apart from ICO services, Lykke is a crypto exchange and a digital wallet for crypto currencies and one of the leading service providers in Switzerland.
The conference covered a wide range of topics. It touched on everything from the future of token economy, fintech, and IoT to smart contract security. Some of the other issues discussed included: identity management, shared data, micropayments, and legal aspects of cryptocurrency infrastructure.
It’s impossible not to comment on the impeccable job the Crypto Valley Association did on planning and carrying out this event. They had never hosted a conference of such size and proportions before, and yet everything from the guest list to the numerous satellite subunits were organized perfectly. The satellite element was especially note-worthy as it allowed industry professionals to closely speak with some of the startups and less known companies within the industry.
Together with a great pal, Shay Gammer, co-founder of Montfort Family Office and COO at Fortune Family Office Group based in Geneva.
The Valley of Crypto Opportunities
Crypto Gang came to Zug with intent to visit the cradle of crypto projects in Switzerland.Here, crypto is supported at a state level. Government officials make it a priority to create the best business climate for crypto currency development. Zug is a pretty small and picturesque place with the population of 28,000. Despite its small size, thanks to favorable regulatory framework and taxes, this region in Switzerland is considered to be one of the most interesting places to launch tech and blockchain projects. Not to much surprise, it has already attracted some of the world’s most renowned crypto companies and organisations such as: Ethereum, Monetas, Bitcoin Suisse, Xapo, ShapeShift, ConsenSys, and Tezos.
With Oliver Busman, President of the Crypto Valley Association, CEO and Founder of Bussmann Advisory consultancy firm, in his office.
We were amazed to discover that almost every resident knew about blockchain, crypto, and the conference. Almost everyone we met had opinions and ideas to share regarding their experience with crypto proving just how significant this technology has become for Zug as well as Switzerland as a whole. As crypto evangelists we strongly hope that very soon other countries will reach this level of crypto interest and awareness. We look forward to the time when crypto communication will enter the mainstream culture of every town out there.
Networking and Communication
At the booth of Bitcoin Suisse together with Nicolai Oster, Head of ICO and Partner. Discussing collaborations between our companies on ICOs and blockchain projects.
For everyone in the crypto community such conferences are a good chance to connect with other professionals and enthusiasts within the industry. It is especially valuable for crypto startups and ICOs as they aim to test out elevator speech and product ideas, gathering feedback prior to launch. It also lets companies meet their investors and future supporters. At Crypto Gang we’re constantly encouraging our clients to travel to such events and network.
One of the satellite events of the conference — “ICO investments”, led by Heinrich Zetlmayer, who is the founder and General Partner of the BVV, and former Vice President of IBM. Crypto Gang is partnering with BVV, Heinrich and their great team.
It was a great honor to be one of the few companies from Ukraine to be part of the international dialogue about main points in the modern niches of start-ups. But what’s more important, we had an amazing opportunity to meet some of our partners and discuss our progress. We also fulfilled our goal of connecting and gaining support from some of the key market players interested in further cooperative partnerships. We are excited to share more details about all these points in upcoming releases so please check back for updates.
Together with Dr. Mattia L. Rattaggi, a great person and a blockchain industry professional, who is a Chair Regulatory Policy at Crypto Valley Association and Founder of the blockchain Advisory and Consulting firm named after him.
We also had a pleasure to meet some of our Swiss-based clients and discuss ongoing projects’ activities. We met with Robert Rogenmoser of Securosys. They are based in Zurich and produce hardware and software products that already protect the Swiss Banking System by securing €100 Billion in daily transactions and serving top Swiss financial institutions. We had a chance to discuss their upcoming ICO/ITO project and our progress on designing their ICO/ITO website, whitepaper, and other documents.
With Robert Rogenmoser of Securosys.
Together with one of the conference attendees, Roland Kask, a marketing professional from Estonia.
We stopped by the office of our good partner agency Lykke and their newly opened location in Zug at Alpenstrasse 9 where we met with Michael Guzik, Victor Solomon and others.
We also met Heinrich Zetlmayer and Luigi Bruno along with the team of Blockchain Valley Ventures. BVV is a new accelerator and venture firm that focuses on incubating, developing, and investing in blockchain-enabled businesses. We are currently cooperating on projects together, and were eager to discuss our progress.
With Deyana Nedeva, Head of Investor Relations at BVV.
Overall, it was a great event! At Crypto Gang we strongly encourage everyone to regularly visit collaborative events in their niche to share, connect, and develop. We hope to see you somewhere in the world soon!
Want to consult on how to make your ICO design great, see our portfolio or chat? Drop us a line on our website https://cryptogang.agency or email us on [[email protected]](mailto:[email protected]).
submitted by cryptonerd_23 to u/cryptonerd_23 [link] [comments]

Bitcoin 2017 a Comprehensive Timeline

Some of the most notable news and events over the past year:
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submitted by BitcoinChronicler to btc [link] [comments]


Blockchain-Paradies im Schweizer Krypto Valley Es gibt inzwischen eine Reihe von Staaten, Städten und Stadtstaaten, die sich selbst das Prädikat „Blockchain-Land“ oder „Blockchain-City“ geben. Das Schweizer Örtchen Zug hat sich derweil längst zu einem der attraktivsten Standorte für Fintech-Unternehmen gemausert und gilt inzwischen nicht mehr nur unter Kennern der Szene als „Krypto Valley“.
Der Kanton Zug in der Schweiz genießt auch über die Grenzen der Eidgenossenschaft hinweg einen untadeligen Ruf. Er gilt nicht nur als der wohlhabendste Kanton inmitten eines ohnehin schon überdurchschnittlich reichen Landes, die Stadt Zug ist mit schöner Altstadt auch idyllisch gelegen inmitten eines Tals aus Flüssen und Seen und bietet dementsprechend eine ausgesprochen hohe Lebensqualität. Insbesondere deutsche Besucher schätzen das in der Deutschschweiz gelegene Zug. Jetzt schickt sich das Schweizer Örtchen auch im Bereich Blockchain an, in der ersten Liga mitzuspielen.
Zwischen 50 und 100 Blockchain-Start-ups soll es schätzungsweise bereits in dem gesamten Kanton geben – in dieser Dichte wäre das, gemessen an der Einwohnerzahl Zugs, weltweit einmalig. Die Gründe für die hohe Attraktivität des Schweizer Standortes sind relativ schnell auszumachen: eine – verglichen mit Europa – extrem niedrige Steuerbelastung für Unternehmen gepaart mit einem regulatorischen Rahmen, der eher auf die Kräfte des Marktes als auf die Macht des Staates setzt und zudem auf eine überbordende Regulierung des Blockchain-Sektors verzichtet. Damit hat Zug eine Handhabung gefunden, an der viele andere Länder rund um den Globus derzeit noch arbeiten.
Nicht ganz unbeteiligt daran ist Dolfi Müller, langjähriger Bürgermeister – oder wie es im Schweizerischen heißt: Stadtpräsident – von Zug. Der Filmemacher Manuel Stagars, der im letzten Jahr die Dokumentation „Fintech Made In Switzerland“ abgedreht hat, bezeichnet Müller in einem Interview mit der Luzerner Zeitung als einen Pionier in der Blockchain-Szene. Ihn zeichne aus, dass er sich nicht vor den Herausforderungen der Digitalisierung fürchte, sondern optimistisch sei und neue Entwicklungen lieber annähme als davon überrascht zu werden. Somit schaffe der Zuger Regierungschef glänzende Herausforderungen für das „globale Dorf“ Zug.
Krypto Valley
Insbesondere junge Unternehmen und Start-ups sollen so nach Zug gelockt werden, um die überlegene Unternehmenskultur des Standortes weiter auszubauen. So wurde im Kanton der Status des Krypto Valley ausgerufen, in Anlehnung an den Vorreiterstandort für Technologie-Start-ups in den USA. So nimmt Zug den Blockchain-Sektor ins Visier, deren Unternehmen das Zuger Kanton anwirbt. So haben beispielsweise bekannte und international agierende Blockchain-Start-ups wie Xapo, ShapeShift, Monetas und Etherisc ihren Sitz in Zug, ebenso wie die Stiftung und die Geschäftsführung von Ethereum, auch wenn Gründer und CEO, Vitalik Buterin, seinen Wohnsitz unlängst von Zug nach Singapur verlegt hat.
Ein Meilenstein in der Entwicklung Zugs zum Blockchain-Standort war die Akzeptanz von Bitcoin-Zahlungen in der Stadt, die bereits im Mai 2016 beschlossen wurde. Damit wurde es den Bürgern Zugs vonseiten der Stadt offiziell ermöglicht, für öffentliche Dienstleistungen in Bitcoin zu bezahlen – ein revolutionäres Großprojekt. Ungeachtet dessen, dass diese Möglichkeit nur von einem Bruchteil der Bürger angenommen wurde, sendete die Initiative der Zuger Regierung ein wichtiges Signal an die Blockchain- und Krypto-Szene: Wir sind offen für die neue Technologie und bereit, ihrer weiteren Entwicklung in unserem Kanton einen fruchtbaren Boden zu bereiten.
Dennoch ruht sich das Kanton nicht auf dem bereits Erreichten aus, sondern bemüht sich fortwährend, den Finanzstandort Zug und dessen Status als innovativen Hubs für den Krypto-Sektor weiter voranzutreiben und zu unterstreichen. Um zukünftig noch stärker das Feld von Investments im Krypto-Bereich ins Blickfeld zu rücken, richtet sich die im Januar 2018 in St. Moritz stattfindende Crypto Finance Conference demnach in allerersten Linie auch an Investoren, die daran interessiert sind, an der weiteren Entwicklung des Blockchain-Sektors teilzuhaben. So soll jetzt bereits an einer erfolgreichen Zukunft für das Schweizer Krypto Valley gearbeitet werden.
submitted by iotajoe to IOTAFaucet [link] [comments]

How to sound like a genius as a Bitcoin newb.

It’s time for more bitcoin conference porn! The fall schedule (glut) kicks off today in London with an Inside Bitcoins conference. Unfortunately, I’ll miss it. Instead, I’ll be at MIT giving a presentation on how students there can scale from “Zero to One” in Bitcoin.
My favorite slide of the short overview, which is also relevant to #bitcoinconf attendees is without a doubt how to simply “sound smart” as a newcomer to Bitcoin. That’s really half of the battle; I’ve learned from personal experience. Leaders in this industry who are exponentially smarter than me were willing to talk to me as a peer mere weeks after I first learned about bitcoin last November, mostly because I faked it ‘til I made it.*
So I feel a moral responsibility to share ten things that can make any newb sound like a seasoned vet. Much like a pick-up artist**, you’ll have to craft your own style and will look silly occasionally, but at least you can sleep easy knowing that you will fool 99% of onlookers with this framework.
Here are my top ten tips for sounding smarter than you really are when it comes to Bitcoin…
1) Know simple BTC grammar. Discredit anyone who misspells bitcoin as BitCoin or bit coin, and gently correct those who conflate Bitcoin the protocol (capitalized) with bitcoin the currency (lower-case). This is a slam dunk, I’ve-been-here-a-while, pro tip. Don’t be a jerk about it, but politely help this other newcomer scale to your level of intelligence.
Congrats, you’re already ahead of the curve.
2) Acknowledge that bitcoin is a crappy currency, but a high-potential commodity. Bitcoin is volatile and will be for a very long time. It’s designed to appreciate in value or to fail — without much middle ground. As a unit of account or store of value, it’s terrible, but it is also a very high-potential commodity. Holding the “currency” means (among other things) that you are betting bitcoin displaces gold as a long-term reserve — that one inherently worthless commodity (gold) will be replaced by another (bitcoin), because bitcoin will at least be tied to a very valuable network. You also believe that as the critical exchange, investment, and derivative infrastructure is built out, mainstream people will use what are essentially fiat-denominated bitcoins anyway (thanks to hedging wizardry). Oh, and on that last point, you’ll stop referring “dollars” and instead reference “fiat.”
3) Point out that all currencies fluctuate in relative value, but at least BTC appreciates. This is in some ways a close corollary to #2. People like to criticize bitcoin’s “extreme” volatility, but the truth is that the currency’s volatility is falling and will continue to fall steadily as it grows larger. Moreover, it will look less volatile relative to the currencies of many smaller, developing economies, especially those with high inflation like Argentina or Nigeria. (BTC is the 90th most popular global currency by M1.) At least with bitcoin, you have a ~50% chance on any given day that you’ll enjoy upside volatility, instead of slow and steady devaluation. Many people outside of the US and Europe are going to play those odds.
4) Understand that Bitcoin is not decentralized, it is distributed. There are basically 10 people in the world who ultimately control Bitcoin right now, so it’s not decentralized. You’ve got 5-10 Bitcoin core developers who contribute updates to the code base only if they are accepted by the 5-10 mining behemoths that call the shots. In theory, anyone can “fork” the Bitcoin core if they don’t like the miners’ rules, but most people will agree that this is infeasible at best. It doesn’t help that no one knows who controls most of the global mining power or even who invented Bitcoin. Sounds shady, and in truth, it is more of a black box than most will admit. The good news is that the block chain is universally distributed, so at least people can see the global ledger of transactions, even if they don’t appreciate that a group smaller than the Fed actually controls Bitcoin.
Brownie points if you know who Gavin Andresen is, because many newbs don’t! I’ll put it to you this way: Gavin is bitcoin’s Mark Zuckerberg to Satoshi’s Winklevii — if only the Winkevoss twins had come up with a clever seigniorage model for social networking and faded to the background gracefully once they had Zuck on board. Gavin and the other core developers aren’t household names by pure chance — the media is simply too obsessed with the mysterious Satoshi.
5) Admit that Bitcoin is not cheaper than credit cards. A common pitch is that bitcoin is much cheaper than credit cards, but this simply is not true in most real-world use cases. Bitcoin merely appears less expensive for most retail transactions because those charging the transaction fees - the miners - care more about the large 25 BTC / block mining reward subsidies than they do the variable transaction fees. For now. As mining gets more expensive and the mining reward shrinks over the next decade, bitcoin’s transaction fees will start looking a heck of a lot more like interchange rates. In addition, if you go up one level to the payment processors like BitPay and Coinbase, either the merchant or the consumer (or a combination) is paying 100-150 basis points to cover bitcoin transaction costs - not a tremendous price difference from card networks.
Bitcoin has many advantages over credit cards — security, interoperability, universality, etc. — but cost generally isn’t one of them.
6) Remittances aren’t a near-term killer app; cross-border transactions are. As much as bitcoiners like to bash Western Union and Money Gram, and as despicable as some of these remittance platforms can be, they still exist for a reason. Doing safe, secure and legal remittance is more expensive than it seems at first glance. And while it’s nice to think that crypto could flow freely to those already familiar with mobile money, this theory has one big flaw: the infrastructure and awareness for bitcoin isn’t even close to there yet in developing economies. Sure, a migrant worker could send bitcoin to a relative’s mobile phone in Zimbabwe, but good luck safely exchanging that for usable day-to-day currency - especially at a cheaper rate than the evil remittance empires.
Business to business cross-border transactions, on the other hand, are infinitely more likely to succeed on a faster timeline. More sophisticated parties, with better access to bitcoin exchanges and financial services, solving a more straightforward and nominally larger problem.
7) Pick at least one bitcoin company to hate, and know why you hate them so much. I honestly don’t think I’ve met a single person in this industry who hasn’t completely crapped all over at least one leading bitcoin company behind closed doors. In fairness, even when I’m not playing devil’s advocate, I have still been legitimately guilty of giving the business to all of these companies myself. But for most non-bully-pulpiteers, it’s simply easier and less abrasive to whisper criticisms. It doesn’t matter whether you pick Circle (“Wall Street sell-outs”), Coinbase (“young, naive and overextended”), Xapo (“shady insurance dealings”), Blockchain (“short-sighted ideologues”), or BitPay (“first, but not best”). All that matters is that you hate at least one of them.
8) Tell everyone how much you love Andreas, but that he’s too political for your liking. First you have to watch an Andreas Antonopoulos presentation and learn how to spell Antonopoulos. He speaks beautifully and sincerely and intelligently, and if Aaron Sorkin ever wrote a show about bitcoin, Andreas would be the protagonist, a la President Bartlet (West Wing) or Will McAvoy (Newsroom). He’s a perfect embodiment of what bitcoin should be — indeed, it’s fun to believe in his type of future — but the realist in you knows to just eat popcorn while watching this artist at work. You don’t actually need to believe what he says for bitcoin to go mainstream. In fact, if you are easily influenced, you probably shouldn’t because many of his most strongly held beliefs simply aren’t practical.
9) Learn the defensive pitch for the Bitcoin Foundation. It goes something like this: “You know, it’s not that easy to herd cats in this industry and these guys have been very valuable in serving as a voice for such a diverse community. At the end of the day, none of the leading entrepreneurs have time to do much advocacy work outside of their own companies, and the Bitcoin Foundation is crucial in promoting investment in the Bitcoin core technology. It’s easy to criticize them — and look, they’ve definitely made some mistakes — but like most non-profits, these guys are underpaid, overworked and only get criticism, never praise.” The more you say this, the truer it sounds. (See TBI, March 2014, for why this is ironic.)
10) Rehearse this phrase or some close iteration of it.
"Ethereum is really interesting, but it just seems like they will have an uphill battle to beat out Bitcoin innovations like side chains and tree chains given Bitcoin’s network effects."***
If you want to immediately be deified like a core developer, state this with confidence and maintain eye contact with your listener during cocktail hour, then just shake hands and walk away. This is a newb trump card, and it sounds smart on so many levels that you will leave your audience with no choice but to admire your crypto fluency. Uttering this phrase without stammering usually comes with an admission ticket to any conference VIP after-party you’d like. (I usually just use one of my several aliases, until one of them is on the list.)
Good luck!
*Still trying to make it.
**There are actually a surprising number of former and current pick-up artists in bitcoin. No joke. (I’m not one of them.)
***Full disclosure: I have said this verbatim and still don’t know what it means. But it sounds smart.
submitted by twobitidiot to Bitcoin [link] [comments]

Wences Casares Explains Bitcoin XAPO x ADVCCASH Xapo Trick Xapo Debit Card Activation GANA 4 BitCoins Sin riesgo a tu monedero XAPO!! WhatsApp 0982 155 713

Address. 361 Lytton Avenue Palo Alto, CA 94301 United States. Setup An Account. Xapo requires “First Name”, “Last Name”, “Email”, “Country” to set up your account. The company gives out 50 bits for you to sign up. In order to use Xapo account, you have to provide your mobile phone, address, Social Security Number, birth date. Xapo is an intuitive and secure Bitcoin wallet system that operates through a browser. Xapo uses offline servers that are never connected to the internet that give it an edge on other web based wallet systems - i.e. better security through gateway procedures. The Company also supports a prepaid debit card system that is compatible with most PoS systems and Bitcoin ATM's. The biggest Bitcoin and crypto influencers in the industry will be speaking at Bitcoin 2019. View the full list of speakers at Bitcoin 2019 Conference. Xapo Bitcoin Wallet President: 90% Of The Crypto Market Is Facing Extinction Bitcoin Exchange Guide News Team - September 3, 2018 Bitcoin Exchange Guide News Team - August 15, 2018 0 Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault. They believe that bitcoin’s ultimate success will be based on trust – whether individuals trust the digital currency’s stability and whether they trust the industry’s security. That’s why they’ve assembled a team of financial services and security experts to build an entirely ...

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Wences Casares Explains Bitcoin

XAPO BITCOIN DEBIT CARD ORDERING LIVE - Duration: 7:08. ... 4/24/14 - Xapo Debit Card, Russia's 1st Bitcoin Conference, Silk Road 2.0 - Duration: 3:54. Money & Tech 2,037 views. 3:54 . United ... Xapos' Wences Casares gives one of the most comprehensive explanations at the Chicago Gold Ideas conference of why Bitcoin is the most important development in money in 5,000 years. He believes ... Seguimos enseñando a la gente sobre el *BitCoin*, aprende como hacer *Traidig* Tu mismo Hacer la Compra y Venta e Invertir en el Bitcoin y tambien *llegar a tener 4 BITCOINS* en tu Monedero *Xapo ... 4/24/14 - Xapo Debit Card, Russia's 1st Bitcoin Conference, Silk Road 2.0 - Duration: 3:54. Money & Tech 2,037 views. 3:54 . TEEKA'S TOP 5 PICKS FOR 2020!!! - Duration: 20:37. D.I.Y Investing ... Xapo.com - Create a Bitcoin Wallet and Secure Cold Storage Bitcoin Vault - Duration: ... Xapo Debit Card, Russia's 1st Bitcoin Conference, Silk Road 2.0 - Duration: 3:54. Money & Tech 2,037 views ...