Jed McCaleb. All about cryptocurrency - BitcoinWiki

Round up of Cryptocurrency News #5 Week 03/08 - 09/08

Welcome again to another recap and the first full week of the new month after breaking the downward trend on the monthly!
 
Firstly, from last weeks uptrend we have seen the market consolidate at this level throughout the week with a steady upward climb at the start of the week to a balance out above $11.5k for Bitcoin towards the end. For the market we have a total increase of $17.5B over the week but a 1% decrease of btc dominance moving mainly toward Chainlink and other altcoins.
 
Closing the week we have had some altcoin action, Ethereum breaking $400 midweek but now staying back in a nice channel between $350-$410 since the start of August. But, Chainlink killing it after breaking $10 and currently sitting comfortably above $13!! Other altcoins that have reaped rewards and I'm keeping an eye on are:
I have picked these as i have noticed they are usually the first movers or the biggest gainers after the market goes red. Chasing those quick gains!
 
What about the news for this week?
 
DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! The Gravychain Collective: https://t.me/gravychain My Crypto HQ: https://t.me/My_Crypto_HQ
Links
Important/Notable/Highlights:
Special Mentions:
Other:
submitted by IOTAbesomewhere to Gravychain [link] [comments]

Founding Fathers of Bitcoin

I'm working on a "project" and need help identifying people who might be considered the "Founding Fathers of Bitcoin" (or Mothers)
I'm not sure yet how to define founding fathers but it has to include people instrumental to the creation and development of Bitcoin. Based on my research, here are some names I've come up with. I have more on "a list" but, after talking to a few bitcoin enthusiasts, here's my starter list...
If you believe someone belongs on a list like this, an explanation as to why will be helpful (any specific contributions, etc). Thanks.
submitted by bitcointheboardgame to Bitcoin [link] [comments]

Stellar The Biggest Cryptocurrency since Bitcoin? 1 year later!

Special consideration and appreciation to 87Crypto for all the research and investment into most of this article, this flashback was and is very much on point perfectly.

My input and addition I believe will be the future of Stellar Lumens (XLM) and I don't think the bears can stop it.. With the works economy crashed because of the pandemic, countries are looking at making precious metal backed Cryptocurrencies.... Major banks are rushing to make the technology improvements to accommodate this change, and it is happening very rapidly..


To the world from REDDIT user 87Crypto:

Stellar The Biggest Cryptocurrency since Bitcoin?
Ok everyone, feel free to tell me I'm crazy and delusional on my idea of Stellar being the biggest Cryptocurrency since Bitcoin.

In 2014, Nasdaq launched a separate company, Nasdaq private market which partnered with a San Francisco based Blockchain startup company called Chain to test Bitcoin technology. Part of this testing included digital transfers of money and other assets securely and nearly instantaneously which is something the current system is incapable of doing so seamlessly. Additional features included the transfer of securities directly between asset managers, to serve as a secure ledger for tracking assets across divisions of a large organization, enable a next-generation mobile banking solution, create a loyalty points system for a consortium of brandsto issue digital gift cards onto a network that can support multiple wallet vendors, create automated insurance contracts, and issue central bank currencies digitally to improve the payments system in any country. In October 15th, 2017 IBM chose the Stellar Blockchain to power the process of cross-border payments. This partnership was to significantly reduce transaction costs and increase transaction speeds whilst eliminating the inefficiencies and frustrations of the current cross-border payments system. January of 2018, Former Chain president, and Goldman Sachs Managing Director of technology and Business Development became the Head of Corporate Business Development for the Newly launched digital arm of Fidelity. Now this is getting more and more obvious as to what is going on. The same group of people are involved in all these financial institutions. On September 4th, 2018 IBM Debuted Blockchain World Wire (BWW). This platform was created to not only improve the cross-border payment system but to revolutionize the entire financial system. This ecosystem allows assets to be freely transported to any region of the world without the necessity to exchange currencies prior to doing so. Blockchain world wire utilizes the Stellar native token, the Lumen, as a form of exchange, as well as gas for low transaction fees. One of the brilliant aspects of BWW is the fact that the Lumen can be converted to as many as sixty currencies and according to Jed McCaleb even stocks can be transferred within the ecosystem. These currencies vary from the current fiat system, to cryptocurrency, 1:1-dollar ratio Stable coins and central bank digital cryptocurrencies. Just six days later, on September 10, Blockchain Start up and Nasdaq partner merges with Steller’s start up named Lightyear. This merger formed Interstellar to bring Chain's enterprise products of digital asset transfers, seamless tracking of these assets, as well as their customer base to the Stellar blockchain. On the other side of the IBM / Stellar partnership, IBM was working closely with The Official Monetary and Financial Institutions Forum (OMFIF) on central bank cryptocurrencies. The OMFIF is an independent think tank for central banking, economic policy, and public investment with a collective of investable assets equating to $36 trillion dollars which is equivalent to 45% of the worlds GDP. I don’t know about you but that gave me goosebumps. The magnitude of the Stellar blockchain is just unreal. We are talking about Stellar having the potential to take over not just the cross-border payments market but will also play a massive role in asset tokenization which would revolutionize Wall St. Itself. On October 13th, 2018 Stellar partnered with SEC approved Security token exchange platform Hyperion. This exchange is the first platform in north American for security tokens. This provides investors the ability to exchange digital security tokens using blockchain technology with significantly lower fees as well as more efficiently than the traditional stock market. In addition to that, Hyperion signed an MOU with Kinesis Money, a company offering a unique system solely on digital gold and silver currencies. This unique form of tokenizing gold and silver as a 1:1 allocation to those assets as a stable coin is just further proof that everything will be tokenized on the blockchain. Ok, there’s a few more things to discuss. This is what institutions are calling open banking. Open banking is a system where banks can use the open source Application Programming Interfaces (APIs) to allow 3rd party developers applications around financial institutions. A partner of IBM that is leading the way of open banking is HSBC. Due to this strong relationship it is very likely they will use the Stellar Blockchain to issue digital assets. Speaking of partnerships and 3rd party developers, let's discuss yet another huge part of the puzzle that is Stellar.

On October 28th, 2018 the largest bank of the United states J.P Morgan financed a $34 billion-dollar loan to IBM for the acquisition of the world’s largest hybrid cloud provider, Red Hat. This purchase was purposely executed to become the #1 hybrid cloud provider in the world. Red hat fits the perfect description of the 3rd party required for HSBC to implement its Open banking and eventual issuance of digital currencies through the Stellar Blockchain. In case you were wondering why I made a point to mention J.P Morgan and their massive loan to IBM when I could have simply left them out, we'll circle back because it is important. On December 4th, 2018 we closed out the year with Fidelity and Nasdaq Ventures investing in cryptocurrency exchange Eris X. As Previously mentioned, Former president of blockchain start up Chain, Tom Jessup relocated to Fidelity which is a partner of Nasdaq in this cryptocurrency exchange Eris X. Tom Jessup was president of Chain during the time they partnered with Nasdaq. What I am pointing out is that all these top institutional companies are working together one way or another and it is clear as day something massive will be announced March 19th as I mentioned before. As we look back at all the moving parts, I can’t help but think that IBM and Stellar will revolutionize the stock market itself through all their partnerships directly or indirectly, more importantly due to Blockchain World Wire and its capabilities. This is truly incredible. But that's still not all just yet. J.P Morgan financing the $34 billion dollars to IBM was strategic. Well, what do you know, On February 14th of this very year, J.P Morgan launched their own US bank-backed cryptocurrency coin and as Jesse Lund, head of IBM Blockchain previously mentioned, Blockchain World Wire would allow up to 60 world currencies and even stable coins which is exactly why J. P. Morgan created their coin. All of this has led us to the Singapore Money 20/20 event of March 19th, 2019. All the pieces of the puzzle seem to be in place and I honestly can not find evidence to prove anything otherwise. Stellar has all the qualifications, attributes and partnerships to not only be one of the biggest cryptocurrencies in the world but to become the Blockchain of the financial world. Please give me your thoughts.
From: 87Crypto May, 2019

Now 1 year later :Everything is in place, all currencies are at an all time low because of the worldwide pandemic last month...
It is time, time to grow this machine!

We need a Stellar Lumens based "ATM" program that runs on Debian. Something that can be dropped into almost all "ATM" platforms. This would give instant international bank transactions from any bank to any bank. It could use Stripe or BWW directly, because of the existing Stellar Commitments, and Charge it's own processing fees set by the ATM provider.

Let's get this marketed to every ATM provider there is and push the market, this is the environment for bank integrations and will reduce ATM fees to the end user.. Even at $1 per average transaction that is an average savings of $1.50 per transaction from an average ATM... Banks will pay attention, then every user will see the message "Your transaction was proudly transferred to you with the Stellar Lumens (XLM) network, in coordination with BWW or Stripe, and" insert ATM COMPANY NAME "....This same environment would be used as the backbone of the merchant P.O.S. machines for credit card and debt transactions.
Thank you for reading..

The most cryptocurrency ever lost, was not from investments it was from inoperable or unrecoverable wallets. Stay safe my friends.
submitted by Uber1ife to xlm [link] [comments]

Ripple Announces Strategic Partnership with Stellar Development Foundation (What if Scenario)

The following press release moved over PR newswire in the cryptocurrency world on Thursday, April 9, 2020, at 9:32 a.m., PST.
San Francisco, Calif.–April 9, 2020–The board of directors of Ripple Labs, Inc., today announced that Jed McCaleb, the cofounder of Ripple, have come to a partnership deal with the Stellar Development Foundation.
In 2014, McCaleb created The Stellar Development Foundation (SDF) a non-profit organization founded to support the development and growth of the open-source Stellar network. Stellar seeks to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. The SDF helps maintain Stellar’s codebase, supports the technical and business communities around Stellar, and is a speaking partner to regulators and institutions. McCaleb is one of the early key figures in the crypto industry, he founded the infamous centralized exchange, Mt. Gox, the dominant Bitcoin exchange in the world at that time. After parting with Mt. Gox in May of 2011, McCaleb began work on a crypto network that wouldn’t be dependent on the energy-intensive mining process of Bitcoin. This network became Ripple. However, disagreements between McCaleb and the rest of the Ripple team led to McCaleb departing in early 2014, to go and start Stellar.
“Creating this partnership and reaching an agreement with Ripple makes a lot of sense for all parties involved. Stellar wants to work with unbanked individuals around the world while Ripple is focusing on building close partnerships with banks to help them move money globally,” said McCaleb from the San Francisco, Calif., headquarters of Ripple. “At first I dismissed the idea when the Ripple board contacted me. However, because I’m now the Chief Architect at the SDF I now am able to see how this partnership could benefit us both especially with new CEO and Executive Director Denelle Dixon at the helm.”
Ripple board member Craig Phillips describes the partnership process, “Basically, we challenged the SDF: ‘about 1.7 billion adults do not have a bank account. When you consider that the world has about 7.8 billion people, that’s about 1 in 5 people who do not have access to things like savings accounts, loans, and credit. Stellar wants to reach these people globally but they are having issues with banking on-ramps, Ripple has key banking relationships all over the world.’ When we presented it this way, Jed and team reacted positively to our pitch.”
--- read more here: https://www.thrillerx.com/post/ripple-announces-strategic-partnership-with-stellar-development-foundation
submitted by ThrillerPodcast to CryptoCurrency [link] [comments]

Questionable Decisions

Facts
linustechtips.com:
In 2017 Knapp sold CyberGhost to an Israeli company called Crossrider for €9.2 million.
Crossrider changed its name to “Kape Technologies” in 2018 – for reasons that we’ll explain below.
Now here’s where things get interesting. When you research the company Crossrider (now Kape) you learn it is a company known for infecting devices with malware.
When you research the company Crossrider, you find numerous articles about Crossrider malware and adware, such as this article from Malwarebytes:
Crossrider offers a highly configurable method for its clients to monetize their software. The common method to infect end-users is software bundlers. The installers usually resort to browser hijacking. Targeted browsers are Internet Explorer, Firefox, Chrome, and sometimes Opera. Crossrider not only targets Windows machines but Macs as well.
PUP.Optional.Crossrider installs are typically triggered by bundlers that offer software you might be interested in and combine them with adware or other monetizing methods.
According to Malwarebytes and many other reputable online security websites, Crossrider was hiding malware in software bundlers, which would then infect the user’s computer with “adware or other monetizing methods”.
Trust takes years to build, second to break and Forever to repair.
submitted by KSOFM to PrivateInternetAccess [link] [comments]

Hello MLGC people! Have a great week and don't miss our weekly newsletter!

Hello MLGC people! Have a great week and don't miss our weekly newsletter!
🧨Ripple co-founder sold 54.2 million XRP in exchange
Ripple co-founder (XRP) Jed McCaleb has regularly sold his XRP assets since the project was closed and received compensation by parts sending tokens to exchanges.

🧬MakerDao brings BTC to Ethereum blockchain
Members of the MakerDAO Decentralized Financial (DeFi) ecosystem voted to adopt wBTC as the fourth collateral asset in their cryptocurrency lending protocol.

📉BTC has gone below $ 9k, What is the reason?
After recent successes, Bitcoin again fell below $ 9,000; amid continued pandemic.

🦁MLGC Token Structure
You can use our service token not only for speculation on the stock exchange, you can also invest in our products with a limited investment period, and also provide them to our customers, a stable token, stable profit - this is what investors need.

#gofurther
MLGC.io


https://preview.redd.it/efcybt7wnsw41.jpg?width=1280&format=pjpg&auto=webp&s=941e4f74ceeee589f4473e97a8eaa0794ac044a6
submitted by MarshalLionGroup to u/MarshalLionGroup [link] [comments]

Sejarah Asal Usul Bitcoin 2010

https://amsadad.com/analysbitcoin/sejarah-asal-usul-bitcoin-dan-perjalanan-bitcoin/

Bitcoin Diposting di Slashdot – 11 Juli 2010

Rilis Bitcoin versi 0.3 ditampilkan di slashdot.org, situs web berita dan teknologi populer. Mencapai sejumlah besar peminat teknologi, artikel ini membawa banyak orang yang baru tertarik, mendorong nilai tukar bitcoin tunggal naik hampir sepuluh kali lipat, dari sekitar $ 0,008 menjadi $ 0,08 hanya dalam lima hari. Sumber Bukti Terkait Slashdot Post Bitcoin Rilis V 0.3

Mt. Gox Membuka pertukaran burasa crypto pada tanggal 18 Juli 2010

Nilai Harga Bitcoin $ 0,07 selang beberapa hari kemudia kira-kira 10 hari harga bitcoin menjadi $ 0,06 Jed McCaleb seorang programmer yang terkenal karena menciptakan jaringan peer-to-peer eDonkey yang sukses pada tahun 2000, mengumumkan peluncuran Mt. Gox pertukaran bitcoin full time transaksi.
Berdasarkan sebelumnya, proyek McCaleb yang ditinggalkan untuk membuat pertukaran online untuk Magic: The Gathering cards, ia segera berjuang untuk mengikuti tuntutan bisnis dan menjual mtgox.com ke Mark Karpeles pada tanggal 06 Maret 2011. Mt. Gox perlahan-lahan akan tumbuh untuk mendominasi dunia perdagangan bitcoin selama tiga tahun ke depan. Bukti Terkait Pengumuman Exchange Mt.Gox

Hard Fork Bitcoin Pertama 15 agustus 2010

Hardfork Pertama kali bitcoin karena kasus bug pada tanggal 15 agustus 2010 nilai harga Bitcoin $ 0,07 Dengan menggunakan cara khas khusus komputer memproses angka, orang tak dikenal membuat transaksi penipuan yang menghasilkan 184.467.440.737.08554078 bitcoin – hampir sembilan ribu kali lebih banyak dari jumlah yang dapat secara sah ada di seluruh sistem.
Keanehan dengan cepat terlihat oleh pengembang Bitcoin dan anggota komunitas, dan versi tetap dari perangkat lunak Bitcoin dirilis dalam beberapa jam. Pada hari berikutnya, blockchain yang dikoreksi menyusul yang dieksploitasi, dan Bitcoin kembali beroperasi normal – tetapi tidak sebelum pasar terguncang dengan buruk. Sumber Bukti Terkait Thared BitcoinTalk dan Post sourceforge.net
submitted by amsadad to u/amsadad [link] [comments]

Okay, this Ripple shit is ridiculous. We need to educate people before we have PayPal 2.0 at the top of all the *actual* cryptocurrencies.

I have to admit, I did not see this coming. But it makes kind of sense, splinter the Bitcoin community into BTC vs. BCH while you work on your banker coin and in the most opportune moment when the winner is not clear and both are weakened, swoosh into first place and declare yourself the best "cryptocurrency".
We seriously need to educate people of what this "coin" is as I notice even people in here (myself included) do not have the complete picture, let alone an average Joe and Jane looking at CMC.
So from what I can gather, these are the problems with Ripple:
Please link people capable of making an article/video about Ripple here, using the resources that we pool together.
Edit:
Ripple implemented this nifty feature called "Balance Freeze" which allows gateways (nodes essentially) to freeze your funds (enough said?) they already even used this "feature" to freeze ~$million dollars
Edit2:
So, so much for "settled in seconds" and immutability, they can also "simply ask the gateways to freeze or even reverse the funds".
Also:
Ripple introduced two different methods for the “freeze protocol extension.” The first method is known as the “global freeze” and allows gateways to freeze all of their issued funds. The second allows the gateways to freeze funds of a particular user, while the frozen funds are sent back to the gateway.
Edit3:
It also requires verified user identification in order to use the network
submitted by mushner to btc [link] [comments]

Stellar The Biggest Cryptocurrency since Bitcoin?

Ok everyone, feel free to tell me I'm crazy and delusional on my idea of Stellar being the biggest Cryptocurrency since Bitcoin.
In 2014, Nasdaq launched a separate company, Nasdaq private market which partnered with a San Francisco based Blockchain startup company called Chain to test Bitcoin technology. Part of this testing included digital transfers of money and other assets securely and nearly instantaneously which is something the current system is incapable of doing so seamlessly. Additional features included the transfer of securities directly between asset managers, to serve as a secure ledger for tracking assets across divisions of a large organization, enable a next-generation mobile banking solution, create a loyalty points system for a consortium of brandsto issue digital gift cards onto a network that can support multiple wallet vendors, create automated insurance contracts, and issue central bank currencies digitally to improve the payments system in any country. In October 15th, 2017 IBM chose the Stellar Blockchain to power the process of cross-border payments. This partnership was to significantly reduce transaction costs and increase transaction speeds whilst eliminating the inefficiencies and frustrations of the current cross-border payments system. January of 2018, Former Chain president, and Goldman Sachs Managing Director of technology and Business Development became the Head of Corporate Business Development for the Newly launched digital arm of Fidelity. Now this is getting more and more obvious as to what is going on. The same group of people are involved in all these financial institutions. On September 4th, 2018 IBM Debuted Blockchain World Wire (BWW). This platform was created to not only improve the cross-border payment system but to revolutionize the entire financial system. This ecosystem allows assets to be freely transported to any region of the world without the necessity to exchange currencies prior to doing so. Blockchain world wire utilizes the Stellar native token, the Lumen, as a form of exchange, as well as gas for low transaction fees. One of the brilliant aspects of BWW is the fact that the Lumen can be converted to as many as sixty currencies and according to Jed McCaleb even stocks can be transferred within the ecosystem. These currencies vary from the current fiat system, to cryptocurrency, 1:1-dollar ratio Stable coins and central bank digital cryptocurrencies. Just six days later, on September 10, Blockchain Start up and Nasdaq partner merges with Steller’s start up named Lightyear. This merger formed Interstellar to bring Chain's enterprise products of digital asset transfers, seamless tracking of these assets, as well as their customer base to the Stellar blockchain. On the other side of the IBM / Stellar partnership, IBM was working closely with The Official Monetary and Financial Institutions Forum (OMFIF) on central bank cryptocurrencies. The OMFIF is an independent think tank for central banking, economic policy, and public investment with a collective of investable assets equating to $36 trillion dollars which is equivalent to 45% of the worlds GDP. I don’t know about you but that gave me goosebumps. The magnitude of the Stellar blockchain is just unreal. We are talking about Stellar having the potential to take over not just the cross-border payments market but will also play a massive role in asset tokenization which would revolutionize Wall St. Itself. On October 13th, 2018 Stellar partnered with SEC approved Security token exchange platform Hyperion. This exchange is the first platform in north American for security tokens. This provides investors the ability to exchange digital security tokens using blockchain technology with significantly lower fees as well as more efficiently than the traditional stock market. In addition to that, Hyperion signed an MOU with Kinesis Money, a company offering a unique system solely on digital gold and silver currencies. This unique form of tokenizing gold and silver as a 1:1 allocation to those assets as a stable coin is just further proof that everything will be tokenized on the blockchain. Ok, there’s a few more things to discuss. This is what institutions are calling open banking. Open banking is a system where banks can use the open source Application Programming Interfaces (APIs) to allow 3rd party developers applications around financial institutions. A partner of IBM that is leading the way of open banking is HSBC. Due to this strong relationship it is very likely they will use the Stellar Blockchain to issue digital assets. Speaking of partnerships and 3rd party developers, let's discuss yet another huge part of the puzzle that is Stellar.
On October 28th, 2018 the largest bank of the United states J.P Morgan financed a $34 billion-dollar loan to IBM for the acquisition of the world’s largest hybrid cloud provider, Red Hat. This purchase was purposely executed to become the #1 hybrid cloud provider in the world. Red hat fits the perfect description of the 3rd party required for HSBC to implement its Open banking and eventual issuance of digital currencies through the Stellar Blockchain. In case you were wondering why I made a point to mention J.P Morgan and their massive loan to IBM when I could have simply left them out, we'll circle back because it is important. On December 4th, 2018 we closed out the year with Fidelity and Nasdaq Ventures investing in cryptocurrency exchange Eris X. As Previously mentioned, Former president of blockchain start up Chain, Tom Jessup relocated to Fidelity which is a partner of Nasdaq in this cryptocurrency exchange Eris X. Tom Jessup was president of Chain during the time they partnered with Nasdaq. What I am pointing out is that all these top institutional companies are working together one way or another and it is clear as day something massive will be announced March 19th as I mentioned before. As we look back at all the moving parts, I can’t help but think that IBM and Stellar will revolutionize the stock market itself through all their partnerships directly or indirectly, more importantly due to Blockchain World Wire and its capabilities. This is truly incredible. But that's still not all just yet. J.P Morgan financing the $34 billion dollars to IBM was strategic. Well, what do you know, On February 14th of this very year, J.P Morgan launched their own US bank-backed cryptocurrency coin and as Jesse Lund, head of IBM Blockchain previously mentioned, Blockchain World Wire would allow up to 60 world currencies and even stable coins which is exactly why J. P. Morgan created their coin. All of this has led us to the Singapore Money 20/20 event of March 19th, 2019. All the pieces of the puzzle seem to be in place and I honestly can not find evidence to prove anything otherwise. Stellar has all the qualifications, attributes and partnerships to not only be one of the biggest cryptocurrencies in the world but to become the Blockchain of the financial world. Please give me your thoughts.
submitted by 87Crypto to Stellar [link] [comments]

Brief History Of Bitcoin

Brief History Of Bitcoin
Bitcoins have been classed as the world's originally decentralized cash, and for as far back as ten years, they have become all the more notable and keep on developing in notoriety.

The following is a concise history of how the Bitcoin began and what has occurred since.

2007 - It was in 2007 that the idea of the Bitcoin started. It is accepted that it was begun by Satoshi Nakamoto, in spite of the fact that very little is thought about him, other than the reality he is on record as living in Japan. Truth be told, many conjecture this may very well be a pen name more than one individual. Albeit soon, this character totally evaporated from the world.

August 2008 An application for an encryption patent application was recorded by three people who denied having any association with the supposed originator of the Bitcoin idea. They were Neal Kin, Vladimir Oksman and Charles Bry.

Around the same time, they namelessly purchased and enlisted the space bitcoin.org.

October 2008 In October of 2008, only two months after the space was enlisted, a paper titled, 'Bitcoin: A Peer-to-Peer Electronic Cash System', was distributed on a cryptography mailing list, apparently composed by Satoshi Nakamoto.

The paper laid out the establishment of how the Bitcoin would really work, and takes care of the issue of cash being duplicated, which permitted Bitcoin to develop genuinely.

November 2008 A month after the white paper was distributed, the Bitcoin venture is enlisted on a network joint effort site, SourceForge, which centers around the improvement and circulation of open source programming.

January 2009 In mid 2009, the principal square, which was nicknamed 'Beginning' is propelled, which permitted the primary adaptation of Bitcoin to be discharged.

There was further hypothesis that Bitcoins were created by more than one individual, as it had been accumulated with Microsoft Visual Studio for Windows, yet needed order line interface. It was anticipated as of now that a Bitcoin age framework would make a sum of 21 million Bitcoins during that time 2040.

Later on, right now, first exchange occurred among Satoshi and Hal Finney, a designer and cryptographic lobbyist.

October 2009 In October, New Liberty Standard distributes a Bitcoin swapping scale. The worth was built up and they distributed a pace of a Bitcoin at 1USD = 1,309.03 BTC. This was chosen utilizing a condition that incorporated the expense of the power to run the PC that produced Bitcoins.

Later on this month, the #bitcoin-dev channel is enrolled on freenode IRC, which was a conversation arrange intended for nothing and open source advancement networks.

December 2009 In late 2009, the second form of the Bitcoin was created and discharged; anyway later on in the month, they acquired their first trouble increment.

February 2010 In mid 2010, the Bitcoin money trade was conceived, and the Market was built up by the now ancient organization dollar. Later on in the month, and 18 months after the application was documented, the encryption patent was distributed and endorsed.

May 2010 This month would end up being an achievement for Bitcoins, because of the way that the primary genuine exchange occurred. A software engineer named Laszlo Hanyecz, who lived in Florida pays 10,000 Bitcoins on a pizza, that was initially purchased from Papa Johns by a volunteer in England. The conversion scale at the time put the price tag for the pizza at 25USD.

https://preview.redd.it/93tj7l1248g41.jpg?width=750&format=pjpg&auto=webp&s=ddd04f2fc86eaf33bc9894dd98f30781511c4f42
Given the present swapping scale, today the pizza is esteemed at 1,961,034GBP.

July 2010 The third form of Bitcoin is created and discharged. Later on that month, there were an enormous number of new Bitcoin clients, on account of a notice of the new form on Slashdot.

During a multi day time of this current month, the trade estimation of Bitcoin expanded multiple times, from 0.0008USD/BTC to 0.080USD/BTC which the prompted Jed McCaleb building up a Bitcoin money trade showcase named MtGox.

August 2010 August 2010 end up being a sad month for the Bitcoin, and the framework was hacked. A defenselessness in the framework caused Bitcoins to be inappropriately checked, and accordingly abused, which brought about the age of 184 million Bitcoins. The made the worth drop radically.

September 2010 This was a bustling month for Bitcoins, as they attempted to recoup from the hacking the earlier month. An offer was made by jgarzik as 10,000BTC, which was proportionate to 650USD at that point, to open source their Windows-based CUDA customer. Later on that month, they took this offer and discharged the source, under the MIT permit.

October 2010 Bitcoins confronted a ton of investigation this month, when a between administrative gathering named The Financial Action Task Force gave a report on tax evasion, notice about the utilization of computerized monetary standards to fund fear based oppressor gatherings.

In spite of this report, the Bitcoin swapping scale, which had slowed down, started to climb once more. This came after the principal open adaptation of an OpenCL digger is discharged.
submitted by Bitcoin12investment to u/Bitcoin12investment [link] [comments]

Jed McCaleb's role in XRP sell-off

Ripple Co-Founder’s Token Selloff Accelerates Crypto entrepreneur Jed McCaleb, now with a rival startup, has sharply stepped up sales of his billions of dollars in XRP holdings XRP, which was created by Ripple, is worth more than $22 billion, making it the cryptocurrency market’s third-most valuable token after bitcoin and ether. XRP, which was created by Ripple, is worth more than $22 billion, making it the cryptocurrency market’s third-most valuable token after bitcoin and ether. PHOTO: KACPER PEMPEL/REUTERS 0 COMMENTS By Tomio Geron Sept. 24, 2018 7:30 a.m. ET One of the co-founders of crypto startup Ripple holds billions of dollars worth of the company’s digital token, but his continuing sales of the token have dramatically risen over the past few weeks.
Jed McCaleb, who left Ripple a few years ago and is now co-founder of a competing outfit called Stellar, could put pressure on the cryptocurrency by increasing sales of the tokens, called XRP.
XRP, which was created by Ripple, is worth more than $22 billion, making it the cryptocurrency market’s third-most valuable token after bitcoin and ether. In the frenzy of the crypto market that crested early this year, XRP climbed as high as $118 billion. But since the start of the year, the crypto market has plunged about 74%.
Mr. McCaleb’s increased sales of XRP could be another factor that drags on the token, which Ripple has used to fund its growth and is intended to help run its payments-protocol software.
A founder’s increasing sale of XRP could be a negative for the token’s value, just as it would be if a CEO of a publicly traded company suddenly started dumping shares in the company’s stock.
Mr. McCaleb’s selloff also highlights the complications that early-stage crypto startups can face when their fortunes depend so much on the value of a publicly traded token.
A representative for San Francisco-based Ripple declined to comment. Mr. McCaleb wrote in an email, “I’m not selling more than I have agreed to with Ripple,” but he declined to comment further.
Mr. McCaleb, who also started early crypto exchange Mt. Gox, left Ripple in 2013 amid a falling-out and went on to start Stellar in 2014.
Ripple, which was founded in 2012 and later renamed Ripple Labs Inc., specializes in global cross-border money transfer technology. Not counting the roughly 60 billion XRP tokens ($23.6 billion) held by Ripple as of January, the company previously raised about $93 million in venture capital from firms like RRE Ventures, Andreessen Horowitz and Founders Fund, according to PitchBook Data.
Ripple has been buoyed by the dramatic rise of the price of XRP tokens over the past year or so. The company holds the majority of XRP and has publicly talked about funding Ripple with proceeds of token sales.
It has also capitalized on the high value of XRP to fund various projects including a venture fund called Xpring. Ripple’s founders have even used XRP to invest in directly startups such as Omni.
Under an agreement he reached with Ripple in 2014, Mr. McCaleb’s sales of XRP have been limited to a daily cap, which was revised in 2016 based on a set percentage of the average daily volume of XRP. This was done to facilitate an orderly market for Ripple.
Mr. McCaleb and his children retained about 5.3 billion XRP when the agreement was signed, not including 2 billion XRP in a donor-advised fund. In 2016 McCaleb and the fund held 7.3% of XRP, a fortune that would be worth around $4 billion, though he has sold a portion since then.
Mr. McCaleb, now in the third year of the agreement, previously was selling at or below the 0.75% cap, according to the XRP ledger and his publicly-known XRP address. However, starting in late August, his sales dramatically rose by the day.
In July, Mr. McCaleb was selling 20,000 to 40,000 XRP a day. However, starting in August, according to a public clearinghouse of token trades, he started selling 499,312 XRP a day, and at one point sold 752,076 a day. In other words, each day he moved and sold about 35 times the limit outlined in his 2016 agreement with Ripple. For example, over six days ending Wednesday, Mr. McCaleb sold more than 500,000 XRP a day, or about $150,000.
The average daily trading volume of XRP on the Ripple consensus ledger—which is how Mr. McCaleb’s cap is calculated—hasn’t changed considerably in recent months and not enough to account for the change in his daily sales.
Mr. McCaleb can’t make these changes without Ripple’s approval, according to the 2016 agreement. His XRP was placed in a custodial account at Ripple, according to the agreement. It says that although he owns the XRP, Ripple controls the releases of the tokens to him.
Write to Tomio Geron at [email protected]>
I've been a long-time Ripple enthusiast, and always brushed off us being "ripplebois" or "fanbois". But after posting this in the Ripple sub, and reading the comments, I can't help but to agree with those nicknames.
submitted by ripple4me to CryptoCurrency [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

My Lumen FAQ

The following are my OPINIONS ONLY, based on my understanding of various sources I have come across. This is NOT intended to serve as investment advice or any kind of advice, and I am not an expert of any kind. You must do your own research. The first place you should visit is the Stellar official website, and more specifically their Lumen FAQ.
Lumens are available on these exchanges: exchange list
There are two ways to purchase Lumens on the exchanges: buy directly using your country’s (fiat) currency, or buy another established cryptocurrency (such as Bitcoin, Ethereum, or Litecoin) and then use that cryptocurrency to purchase Lumens (on the same or different exchange). As of January 2018, there are not many exchanges where you can buy Lumens directly, but several promising projects are in the works and those exchanges could be up and running in the very near future (example: FairX.io, yicex.com, and peerex.co).
A small group of cryptocurrencies, including Lumens, are built for a “higher purpose” than just replacing hard currency or as investments. This select group aims to solve certain problems in the world. In the case of Stellar Lumens, the Stellar organization’s mission is to connect people to low-cost financial services, which will help everyone and especially the billions of underbanked people in the developing world. What separates Stellar from the rest of this group is that Stellar has progressed very far toward its goal of global adoption and continues at a fast pace. It has formed major business partnerships, including IBM, Deloitte, and Stripe. Stellar is already running a blockchain banking network in a 12-currency region which includes Australia and New Zealand. Since the technology is open source, the Stellar organization seeks input from tech professionals all over the world to build and continuously improve the technology, the result of which is an explosion of new apps and use cases all operating on the Stellar network. Also, since Stellar.org is a non-profit organization, we don’t have to fear a corporate overlord. The Stellar team is top notch, including Jed McCaleb (founder of Stellar, Ripple, and the first major Bitcoin exchange Mt. Gox). The team travels all over the world, showcasing what the technology has to offer and establishing new partnerships.
In summary, Lumens are more than just a cryptocurrency or investment. As the underlying currency of the Stellar network, Lumens are a necessary part of what will likely be a globally-adopted technology that serves an unmet need. The more valued the technology becomes, the more valued Lumens become. All other cryptocurrencies that are not attached to impactful technologies or have slow adoption will likely lose value over time or even disappear.
A lumen is a unit of cryptocurrency that is the native (built-in) currency of the Stellar network. Its symbol is XLM (formerly STR). As of January 2018, approximately 18 billion are in circulation. It is planned that there will be a total of 100 billion Lumens distributed worldwide (it will take a few years for this to be completed). There is a built-in 1% annual inflation rate, which means that 1% is added to the total number of Lumens each year. By the way, Ripple’s cryptocurrency also has a planned total circulation 100 billion XRP’s.
Lumens are built into the Stellar network; they are required for any transactions performed on the Stellar network. Lumens serve two purposes: security (anti-spam), and bridge currency.
One way lumens provide security is that each transaction on the Stellar network costs a small amount of lumen (about 0.00001 lumen), which prevents bad actors from flooding the network with small transactions (called a DoS attack). A second way Lumens provide security is the requirement that every account on the Stellar network must hold a minimum balance of Lumens (currently 20 Lumens, soon likely to be reduced to 10 Lumens), helping to ensure that all accounts are genuine.
For transactions that involve two different currencies (or two different assets), the Lumen facilitates the transaction by acting as a bridge. For example: US Dollar to Lumen to Chinese Yuan. It is important to note that, as a universal bridge currency, the Lumen must have real value (purchasing power) anywhere in the world. That is why Lumens are traded on global exchanges; people and businesses will be actively converting their specific currencies to Lumens and vice versa every day, thereby establishing the Lumen’s value.
Since Lumens are openly traded on global exchanges, investors may see Lumens as a store of value. As more applications using the Stellar network become adopted, the volume of transactions performed on the network increases. Since Lumens are a necessary part of the system, Lumens become more “valuable” and the price of a Lumen may rise on the exchanges. As with any other cryptocurrency right now, there is also an element of speculation that can affect the price of a Lumen.
The mission of the Stellar network is to provide low-cost, high-speed transactions for anyone in the world, including the unbanked billions of people in developing countries. As Lumen prices rise, it would seem reasonable that Stellar will keep pace by reducing the minimum balance requirement and even the per-transaction lumen cost. In this way, the real cost to open a Stellar account and to transact on the Stellar network can continue to remain low.
Ideally, the two parties involved in a transaction would want the value of the bridge currency to remain stable until their transaction is completed. The value of Lumens is determined by the market and is therefore subject to fluctuation (as with any currency, whether digital or fiat). Fortunately, each transaction on the Stellar network only takes about 2 to 5 seconds to complete, so stability of Lumen price may not be a significant issue anyway.
The two parties involved in a transaction only care that the transaction gets completed successfully. Assuming sufficient stability during the transaction (as mentioned above), the actual price of a Lumen should not matter. For example, if the two parties are exchanging 10 US Dollars into 65 Chinese Yuan, each of these is equally possible: (10 US Dollars = 10 Lumen = 65 Yuan) , or (10 US Dollars = 0.5 Lumens = 65 Yuan).
Stellar adds 1% to the total Lumens each year, apparently to account for Lumens that are accidentally lost (for example, lost wallet info or errors during transfers). This 1%, as well as all Lumen fees paid for transactions on the Stellar network, are added to an “inflation pool” each year. Each holder of a Stellar account gets to vote for another account (or even their own account) that they want to receive the inflation pool, and any account holder that receives at least 0.05% of the votes will receive a pro-rated amount of the Lumens from the pool for that year (the pool Lumens are actually distributed weekly). The inflation pool is apparently an incentive for account holders to become good citizens of the Stellar ecosystem, making them popular enough to receive votes.
For the sake of argument, let’s assume the entire supply of 100 billion Lumens has already been distributed. As mentioned earlier, Lumens are used to pay for transactions on the Stellar network (currently 0.00001 Lumen per transaction), and Lumens act as a bridge currency. For the purposes of transaction fees, the supply of Lumens is probably more than enough to meet that need. For the purposes of bride currency, it’s a different story. One source estimated that the worldwide total number of non-cash transactions (checks, credit cards, etc.) in 2011 was over 400 trillion US dollars, or roughly 1.1 trillion US dollars per day. Even if Stellar were to handle only 25% of all those transactions, Stellar would need at minimum 275 billion US dollars of bridge currency available each day, which would set the price of a Lumen at $2.75 each. However, for things to run smoothly, there must be adequate reserves of bridge currency, especially in times of crisis. It has been suggested that banks have a 30 day supply of reserves, so we could expect the same of the bridge currency. Since the Lumen supply is fixed at 100 billion (not including 1% inflation), the Lumen price should be 30 times $2.75, or $82.50 for each Lumen. Throw in other factors that further restrict the circulating supply of Lumens, like people holding onto Lumens as investments instead of spending Lumens, and the price of each Lumen will increase further. And since Lumens are purchased on exchanges, market forces may drive up the price even more. You get the idea.
This is just a hypothetical case to explain why I believe the value (price) of the Lumen will be much higher than it is today, even with the large supply. Whether you agree with that explanation or not, it is reasonable to expect that the inherent value of Lumens will increase as adoption and use of the Stellar network increases.
submitted by SaneObserver to Stellar [link] [comments]

Consensus 2018 Report (Continuous Updates Through May 17th)

Happy Wednesday! We are live!
Consensus Short Statistics
State of Blockchain
Don Tapscott
-"We are entering a new era of trust"
-Generally remarked on the benefits of blockchain. Identified the 7 types of crypto assets (Currencies, Collectibles, Stablecoins, Natural Asset Tokens [Representing minerals, water], Utility Tokens, and Security Tokens.)
FedEx
As I remarked in my comment earlier, FedEx is incredibly bullish on blockchain technology generally, but specifically in it's applications for cross-border shipping and asset-tracking. As I learned, the definition of what constitutes a "coffee cup" differs from place to place. Using blockchain, Smith says, FedEx can protect against unforeseen obstacles at customs. "Information about the package is as important as the package itself," he claims, further adding that the risk of experimenting with cryptocurrency is "de minimis" when compared to its alternative. During the session, FedEx unveiled "Trons", bluetooth-enabled sensors integrated with blockchain first announced in 2016.
Jim Bullard, St. Louis Fed
Fantastic, informational lecture regarding the history of currency and how civilizations have reacted to various implementations. Generally, Bullard notes, humans want a uniform currency. He compared cryptos with state/provincial bank notes, citing the problems faced with exchange, regulation, and value verification. We haven't yet realized this problem with cryptocurrencies since the market cap is relatively small.
Insightful statistics about and charts comparing GDP to the inflation/exchange rates of the DollaYen. Surprisingly, the volatility charts look worse than Bitcoin. Catch all of these when the videos are released later this week.
Summarizing, Bullard claimed that there will be a plurality of coins sharing the ecosystem, each providing a specific use. The Federal Reserve will likely mint a fiat/cryptocurrency that represents a stable stock of U.S. dollars sometime in the mid term future.
Jed McCaleb
I spoke with Jed of the Stellar Foundation. This is a Bitcoin subreddit, so I'll skip this part. You can find the full transcript of his thoughts here.
Charlie Lee and David Schwarz
Both spoke on a panel about interoperability between Bitcoin, Litecoin, Ripple, etc. Developers better understand that most cryptocurrencies can interface as long as they use the same "hooks". Schwartz compared this ideal system akin to TCP-IP; a minimal framework making as few technological demands as necessary.
An ecosystem with multiple coins utilizing different security protocols and consensus mechanisms is "good for Bitcoin". In a theoretical world where power becomes abundant, what happens to PoW? We want the ability to migrate to a new protocol without upending the entire financial system. In a world where security is compromised, redundancy is critical.
Lee sees UI as the next significant hurdle. Not for speculators, but for mom-and-pop investors without much tech savvy.
TxTenna
-Hardware to expand and facilitate mesh networks.
-Even if you own Bitcoin, transfer can be censored/inhibited through the network communicating the transaction to the blockchain.
-Using mesh networks, we bypass many of these constraints dealing directly with sovereign ISP's.
-This is fantastic for Bitcoin users in 3rd world countries/those with oppressive regimes. I will leave this to your imagination.
RSK
-Smart contract platform on top of the Bitcoin protocol. -Ecosystem challenges (Tx costs, security, scalability) -Tx cost is $0.035 - +10% hashing power -Up to 100 tps. -Next -Payment channels (Lumino) -Predicability (Fiat-based fees) -Decentralization (BTC and RSK full-node rewards) -Interoperability (inter-blockchain integration) 
I'm sorry if you find this post lacking/off topic. Attempted to refine down to only what might be relevant to a Bitcoin trader. Even if Bitcoin isn't specifically mentioned, many of these innovations/philosophies will apply to the crypto space generally and, thus, to Bitcoin.
It's already the end of Day 2 and I'm finishing the write-up for D1. I'll compile D2 and D3 for brevity's sake. Most of this news is now relatively (a day) old.
Thanks for your attention and help supporting the crypto revolution.
P.S. "Where is my Consensus boost!? I thought BTC should be $10k by now!"
Historically, the Consensus Boost happens several weeks after the event, likely as news disseminates.
OH FUCK
I FORGOT
Joseph Lubin bets BlockChain Capital's Jimmy Song, "any amount of Bitcoin" that blockchain will have widespread enterprise adoption within 5 years
Day 2
Will try an update. Sitting through, eToro will be opening business in the United States, launching a wallet shortly after. Users can view successful traders' profiles and subscribe to their trades, copying them second-by-second.
Circle announces a USD stablecoin and crypto wallet.
HTC announces a crypto phone.
Deloitte releases preview of cryptocurrency report, shows majority of companies pursuing blockchain.
-"But this is just blockchain". Yes, and a rising tide lifts all ships.
The Magical Crypto Friends Live From Consensus. Warning, shitty audio.
-Founders of several currencies (Litecoin, Monero) discuss Buffett, Bitcoin, and other BS. 56 minute duration. For the hardcore.
Day 3
Alright!
Ledger
-Announcing a consortium for investors/institutions who manage multiple accounts. Today, Ledger Nano S is really only useful to the individual owner.
-Called, "Komino"? (Japanese Script).
-Isn't this compromising the dream of Satoshi? Speaker thinks no. The dream is that everyone can use Bitcoin as they see fit. Large companies can have positions in Bitcoin without changing the life of crypto maximalists who can still use cryptocurrencies.
-Bankers have the right to "Go full Moon and lambos".
Polymath
-The next big wave in crypto are Security Tokens.
-Real estate, equity in companies.
-Amongst crypto VC founders, Security Tokens will comprise 50-90% of the crypto market in the coming years. Currently, the share is approximately 1%.
-You can create a security token right now. Log on here and try the demo.
-First blockchain telegram to reach 50,000 users.
-Integrating with tZero. All new securities should have liquidity out of the box.
-ST-20. A security token standard designed to ameliorate many of the issues with fragmented ICO's.
-Launching a ST Venture Fund, "Polymath Capital".
-New CoinMarketCap competitor. "Tokens.com". Perhaps they'll finally force some innovation on the CMC side.
-Polymath 2.0 TestNet now live.
BlockStack
-Internet 3.0 is here. Mesh networks, decentralized data, crypto assets. We are not storing data with companies anymore, we are personally responsible. One day, we will have a universal ID that removes the need for a rolodex of passwords, usernames, and security questions.
-BlockStack members advise on Silicon Valley. Fun fact.
-Infrastructure and speculative investment grew from less than $100B in January, to $100B in May, and, finally, over $600B by November.
-Sounds like a dApp talk. They're making iTunes for dApps. I'll come back when he says, "Bitcoin".
Jack Dorsey and Elizabeth Stark
-Jack first heard of Bitcoin in St. Louis via a group of Cypherpunks.
-Appreciated the complexity of code, but didn't realize the potential just yet.
-Met some engineers who wanted to build a Bitcoin solution for Square. Buyers/sellers could accept Bitcoin without knowing they were using Bitcoin.
-Community "felt like Usenet" as it developed between 2014 and 2017. "Felt electric".
-Claimed Square's strengths are speed and simplicity. Credit cards are complex and often emotional. Talking about the Cash app, the goal is to revisit the coffee purchase of old and make it feasible using Bitcoin.
-"We have evidence to show people are using this as their primary spending account, their primary bank account, and, in some cases, their only bank account."
-"We have people that have been blocked from entering the financial industry." Even merchants had problems accepting payments. "Reaching the underserved, reaching the unbanked", he says, feels good.
-On Square adopting Bitcoin. "It was certainly contentious within our company." "I guess we always take the mindset that we can't wait for things to happen to us...If we want responsible uses...then we have to make that happen, we have to do the work to educate regulators, educate the SEC, show that we can provide more access to more people...give people a chance to participate in the economy...still a lot of disagreements and fights, but that's where the magic happens. We really push through, and this tested us. There was certainly a spotlight on us because of that fact, but there are a lot of unknowns. We ran towards them."
-On the future, the potential of Bitcoin. "The internet deserves a native currency. It will have a native currency. I don't know if it will be Bitcoin or not, but I hope it will be. I appreciate the technology so much; the principles behind it. Using the guide that the Internet will have a global currency...it's going to happen. As a company, as individuals, we need to learn how to make that happen. The biggest thing I worry about as a company is there is so much openness within the community, I hope nothing corporate will come in and threaten it." Protecting the open-source nature of the work. "This is a discussion I have a lot with Mike and the team. No one company or corporation should own this. This is the main question of everyone I meet in the community. We have a completely open mindset to ensure this remains a completely open platform. Let's not wait for it to happen. Let's do our part to encourage it to be used in healthy ways and ensure that everyone has access to it. If we ever go astray call us out. We can't do any of this without the technology being strong and available to everyone."
-"Obviously we are a centralized organization that benefits from decentralization. It's a theme of conversation within our organization and we're looking to decentralize our workforce. Cash is an interesting application in our company." Going to Australia next week to check in with the local team there. They are agnostic on what locale partners decide to nest in.
-Large corporate HQ's like Twitter and Square, "are a thing of the past". People will be able to work from wherever they please.
-"Nobody is going to a bank for a $6,000 loan. They're going to friends and family." They can all be served with this technology.
-Hesitates to make articulated 5-10 year predictions, prefers patience and iterating as each year develops. "We want to go back to the original idea of being able to purchase a coffee with it. That's why we're working with you. Whatever it takes to get there, we're going to try and make it happen." Encouraging more access to the financial space is the primary objective of the Square organization.
-"Over the past two years since we've really pushed our way into this, I've felt that electricity"
-Elizabeth Stark feels like she's living through the mid-90's again, "In a positive way".
-Stark is an optimist. "Really seeing the value behind the means of transacting without a middle party." It wasn't until Satoshi's whitepaper did we have the means to build a solution to this problem.
-"Our goal with Lightning is to enable an application layer like the Internet". -Stark
-On potential, compelling apps built on Bitcoin. "As I said, there's just so much to trust, to identity, to decentralizing almost everything we use today in a centralized way. We get the power of the crowd, the ability to see so many amazing perspectives and opinions to make our answers much better. I don't think about that as much as I think about what we need to focus on."
-On what they need to focus on. "There's a desire for more. There's definitely an incentive to hold the technology and encourage a mindset of saving rather than spending. But making it easier to spend, easier to transact, easier to do the everyday is what we need to focus on. We aren't necessarily going to be the company that comes up with the right frameworks or technologies, but I'm confident we'll be part of facilitating the process."
-The ultimate relationship with a regulator is that of education, Dorsey claims.
-On becomng a global company. "If we were ever able to use it as a payment mechanism today, we could release it all over the world opposed to the 5 markets we're in today. With each market, we have to find a banking partner, work through the regulatory." Only way to accept credit cards in Japan involved a 15-minute interview with an official. There is a large amount of legacy legislation that hampers adoption.
-On the next steps of democratizing finance. "Hardest part is continuing this conversation...certainly the regulatory bodies around the world, the banks..." Slowly but surely, Square is converting Goldman Sach's-types, showing them the reasons behind the movement. Having, "healthy discussions at the board level."
-On advice getting started in the industry. "Follow the conversation on Twitter, first and foremost. (laughter) And not just follow." When he first followed the industry, he felt like he had nothing to contribute. Join the conversation, express a point of view. "So many people fear expressing an opinion...instead of treating it like a conversation". "While you follow these conversations--jump in. People are going to think you're weird, they'll disagree with you, but you'll sharpen your opinions...find where they resonate." Pursue success from there.
BCash
I visited the BCash table and asked the representative to respond to claims that the company was causing label confusion amongst BTC and BCH. She locked up, asked if I was press, and, "was not at liberty to discuss the topic".
Scam. Scam. Scam. Did I say scam?
That's it for Bitcoin! Thanks for playing Consensus 2018!
I have tons of photos to upload, which I'll share in the Daily General Discussion as they come online.
submitted by MysteriousBarber to BitcoinMarkets [link] [comments]

Bitcoin Flash Crashes: Historical Context As BTC Recovers Losses

Bitcoin Flash Crashes: Historical Context As BTC Recovers Losses

https://preview.redd.it/51y34zrhmi131.jpg?width=1080&format=pjpg&auto=webp&s=bf73268bb846ef383904a0760e3c0a2faae43704
Will the latest Bitcoin flash crash spook crypto hodlers?
A bitcoin flash crash put a (temporary) end to the recent bull run, with bitcoin losing ten percent only days after doubling in price for the year. The result was another market panic, with $21 billion shredded from the total market capitalization in 24 hours.
And just two days later, we are almost right back where we started – bitcoin is hovering around the $8,600 mark at the time of writing.
These flash crashes happen regularly in the crypto world, where whales and news cycles drive price more than value (perceived or otherwise). And while there have been occasions when the flash crash drove a catastrophic market collapse – as in early 2018 – the more seasoned bitcoin investor might be tempted to ride these dips.
A few of the more devastating crashes are mentioned here – but there have been dozens of corrections over the years that have, as yet, failed to crush the King of Cryptocurrencies.
What Caused The Bitcoin Flash Crash This Time?
A large sell order of 5,000 BTC was placed on Bitstamp for $6,200 – around 30 percent below the then-market price. Panic ensued, with Bitstamp leading the charge downwards for bitcoin. That sentiment quickly spread market-wide.
Influential crypto identity @DoveyWan suspects manipulation, making the argument that nobody with 5,000 bitcoin would leave it on an exchange to innocuously sell.
Flash Crash? Ha! Crypto Sneezes At Ten Percent Drops!
But as mentioned above, many cryptocurrency veterans hardly sneeze at a ten percent dip. In the heady days of Mt. Gox, bitcoin saw flash crashes that put a ten percent fall to shame. Probably the most famous of all was the plunge from $32 to one cent in June 2011.
That was the result of a malicious hack of Mt. Gox founder Jed McCaleb’s account. McCaleb retained admin rights on the exchange, having sold it to Mark Karpeles three months prior. (McCaleb has also been deeply involved in both Ripple and Stellar – the latter of which he still serves, as CTO.)
Mt. Gox dramas were again behind – or correlated with – another bitcoin plunge when the exchange shut in February 2014. Just after it announced its closure on February 10th, large sell orders were placed on the two other crypto exchanges, Bitfinex and BTC-e.
The sell orders were filled, bringing bitcoin down from $620 to $102 within mere seconds. It remained at that price for only a few minutes but the crash retains a storied place in bitcoin history.
Market Dips – Traders Just Love That Volatility
Those flash crashes, of course, were related to hacks and price manipulation. But the news-driven crashes are bordering on ‘frequent’.
On April 25th, the price of bitcoin dropped by around 10%, from $5,500 to just under $5,000. On February 24th, it dropped from ~$4,100 to ~$3,700. On January 20th… well, you get the picture.
Even as BTC began its long recovery, last December saw bitcoin fall around 11 percent in a day.
But what has mired the community more, perhaps, has been the prolonged bear markets the OG crypto has endured. Generally, crypto veterans recognize three prolonged bear markets.
From June to November 2011 bitcoin lose 93 percent of its value – falling from $29 to around $2. Traders took six months to regain confidence in the emerging digital asset.
December 2013 to January 2015 was an 18-month bear market that saw bitcoin correct around 85 percent. Over the period bitcoin fell from well over the psychologically significant $1,000 mark to eventually bottom out around $177. It would not breach its all-time high again until April 2017.
And Then There Was The Winter…
Just when crypto was attracting significant mainstream media interest and impending institutional investment, we encountered a significant short-term price surge toward the end of 2017 (the famous bubble), after which prices began falling and have yet to recover.
One could note the recent price upswing and suggest that the latest bear market has finished. Others may need to see bitcoin, at the very least, above all-time highs to suggest a new bull has been born.
That price is a long way north of where we are. But there is little doubt that 2019 has offered if not a full reversal, then at least a reprieve, for bitcoin bulls.
submitted by iTradeBit to bitcoin_crypto [link] [comments]

HODL alert: The future of Stellar is bright! CONCLUSIONS of Michael Dowling AMA

Michael Dowling, the Group CTO and Chief Architect for Blockchain Financial Services at IBM, held an AMA yesterday under the name i_love_golang for Stellar redditors interested in the direction of Stellar.org in 2018.
Here are the main takeaways from the AMA:
Question asked by siaubus: "Why did you pick Stellar for the project?"
Answer by i_love_golang: 1: People Our team at IBM believe that people, not technology, make for solutions. More importantly, having the right people, with the right mindset, with the right incentives, with the right subject matter expertise, make for solutions that bring actual value to the world. In our experience working with the Stellar team, we saw a perfect match. The folks at Stellar, like us, want to see the world move past the 40+ year old fragmented system that we all suffer in today, but move towards a system that is more fair and equitable for all. 2: Asset Class XLM/Lumens market, while relatively small today, is growing, and growing fast. More and more people are buying Lumens and trading them, albeit for other cryptocurrencies, actively. Along with our partners at KlickEx, we have a strong desire (and requirement!) to also open the market for fiat (traditional currency) to XLM at the institutional level. Also important to us was knowing up front the full ownership structure of Lumens with respect to the founders and the development foundation managing XLM. The process is completely transparent and we (and you!) know the founders’ holdings of XLM. This helps us to ensure there’s as little financial conflict of interest as possible. 3: Technology The choice of tech, our team needed to take into considering some of the future capabilities and participants on the network. A very unique capability with Stellar is the ability to issue an asset directly on the network, and specify how that asset is managed on the network and what nodes validate and confirm transactions. That means we can work with other parties - such as traditional fiat currency issuers (stay tuned :) ) - and help them feel safe about issuing on-chain. Together with the technology we developed at IBM using Hyperledger Fabric, the ability to clear transactions with very fast settlement using Lumens was a no-brainer and a perfect match. Together, traditional - and non-traditional - Financial institutions can settle using a cryptocurrency/digital asset, with those transactions directly tied to counter-terrorism financing, AML, and KYC processes required by regulators around the world. Basically, its the missing piece those institutions need to move forward transacting with digital assets.
CONCLUSION #1 One reason Stellar is a valuable company is because of its team. Jed McCaleb, the founder and visionary of Stellar, has been a disrupter since 2000 with eDonkey, one of the largest file-sharing network at the time. He created the first Bitcoin exchange Mt. Gox, co-founded Ripple, then took his experience from Ripple to create the company we now know as Stellar. Jed has built a strong team of software engineers, innovators, researchers, scientists, businessmen and businesswomen, relationship builders, financial advisers, and so on to bring Stellar to life. His board members are diverse, including people from Stripe, Apache Software Foundation, WordPress, AngelList, and now IBM. The resources that are available for Stellar to grow are rich and diverse. Will Jed’s disruptive track record prove once again with Stellar? Mr. Dowling goes on to say “XLM/Lumens market, while relatively small today, is growing, and growing fast.” He has inside information and can clearly see the direction of the XLM market. This should be an indicator of what will happen to XLM in 2018. Mr. Dowling said IBM invested in the technology because assets can easily be issued directly on the network and be easily managed. According to Jed McCaleb in https://youtu.be/GIMOrsPxlZg at 5:25, he talks about Bitcoin and Stellar and the flaws of Bitcoin that Stellar fixes (I highly recommend watching the video) “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [To fix problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.” Jed has watched Bitcoin rise and knows the strengths and flaws of Ripple, and with that knowledge, he built Stellar.
Question asked by sintax_: "When does IBM plan to start using Lumens for transactions?"
Answer by i_love_golang: Immediately. The week of the announcement, we transacted with a few tightly monitored real-world value transfers. Through this year, you’ll see that traffic increasing gradually as more transactions are allowed to move through without tight monitoring. Basically: this is real money, affecting real people. There is zero room for error, so we’re making damn sure the system is built for scale.
CONCLUSION #2 It’s already in use. So far It works! Expect heavy traffic in the future. They are creating a platform that will be scaled to a large network.
Question asked by FuckJimmyFallon: "Is the partnership with Stellar temporary or long term? Will the network be integrated with IBMs cross border payments permanently?"
Answer by i_love_golang: This partnership is not just long term - it’s tight. Stellar joined the Hyperledger Foundation in addition to partnering on this project. There are many upcoming projects coming up this year about to be announced. Stay tuned :)
CONCLUSION #3 The IBM partnership is permanent and secure! I was wondering how involved IBM would be with Stellar and this sums the question up. Also, more projects = more real-life use cases = more money transfers by XLM = higher market cap and traffic on the network. Don’t forget that the value of XLM increases as people place more intrinsic value of the stellar project as a whole, which comes along with disruptive projects and partnerships.
Question asked by who_dat_swag: "How many partners from finance are on board with the project? How long do you expect to be using the stellar network and what might replace it?"
Answer by i_love_golang: We have 1 major market maker (right now - again, stay tuned VERY soon), and 14 major institutions involved in direct or indirect capacity on the network. Starting in Q12018, you should see more of those institutions redirecting payment traffic on the network. This will be a slow, gradual increase over time. That’s the right way to do this kind of things.
CONCLUSION #4 MORE PARTNERSHIPS! I remember watching Ethereum and Ripple in early 2017 before they announced large partnerships such as the Enterprise Ethereum Alliance (BP, Cisco, Intel, J.P. Morgan, Microsoft) and Ripple with financial institutions. Ethereum was $20 and Ripple was $.006. Look where they are today as they are more developed with a variety of partnerships. XLM have not hit this growth spurt in price and it is something that will happen within the next couple years. Remember, “this will be a slow, gradual increase over time” so this is for all of you noobs wondering why the price of Stellar hasn’t reached the moon. He also restates that there WILL be more traffic on the Stellar network. He has vision to the Stellar project that allows him to tell us this and I’m very optimistic.
Last Question asked by macjesu: "Any other cool partnerships coming for the future?"
Answer by i_love_golang: Oh, oh yes there are. Stay tuned.
CONCLUSION #5 MOON.
What are your thoughts about Stellar? What questions do you have about XLM/Stellar? Where do you expect to see Stellar next year at Q3 of 2018?
submitted by chargingerman to Stellar [link] [comments]

Doge Token : AKA the post Sporklin did not want to make.

At times Twitter is not the platform that allows the proper conveyance of engagement, 280 characters is generally not enough; especially for myself. Given the topic here I ask that you allow me the grace of a proper platform in order to do this in a manner that leaves little question to intention.
I want to preface this given rarely do I have to do these in public. Myself, the Dogecoin Core Developers believe that the space is wonderful, diverse, creative, and engaging across the several thousands of assets that exist. It is neither my intention nor our intention to prohibit, attack, dissuade or otherwise disincline something from existing in the space. However every now and again projects do pop up that seem to want their "upstart" in the space to begin with attacking Dogecoin. As a community driven asset with deeply communal ties to the entire space there are moments where even we pause and ask for clarity. This can help to gauge intentions, cause and more than once has led to showing someone as a "bad actor" in the space. We have spent over half a decade working with the Doge/Dogecoin branding, there are many assets with the name which we believe only helps to engage further people into cryptocurrency.
So Doge Token.
Technology
DogeCoin is technologically behind
However, it’s core technology has not been upgraded much, and it has not been updated in well over a year latest releases from 2015.
Github can be hard to manage, and understand. What I fail to fathom is how you missed that we have had 7 releases since 2015. Dogecoin Releases. Further for the coming 1.14 release there was active and ongoing communal interaction and input along the way as Dogecoin is a social consensus asset not just network/chain consensus based. Path to 1.14 Which for noting puts our public start into 1.14 barely a year beyond the 1.10 DogeParty release. (Which happened in 2016, where you state nothing has been done since 2015.)
Further as is shown there in the above posting 1.16-dev shows work. 1.17-dev Shows work as of 11 days ago even as we are waiting on final push for 1.14. This all counters your claim that there has been no releases, that nothing has been upgraded much.
If you would care to explain why your white paper states otherwise I would be willing to listen, especially given as it is rather public what we are doing, when we are doing it, and further more who is doing what. We are community based, and there are comments on both @dogecoin along with @dogecoin_devs both have been active in keeping communities updated. I sourced most of the postings for the large post from reddit, and that is only half of the updates. We have also spent time among the telegram communities, slack, discord, Steam communities, IRC communities across a span of multiple languages no less interacting, updating, and engaging with users.
Rolling back into the initial statement, "Dogecoin is technologically behind". I am curious where you see this, personally. This was gone into recently, by someone else who screamed the same things. Reality of Dogecoin Perhaps you missed this as well?
Doge Token lives on the Stellar blockchain
Stellar is the one of the fastest growing and largest blockchain platforms out there.
Stellar nodes/validators 43 have uptime in the past 24 hours.
Dogecoin Nodes This private node saw 420 other ones in 24 hours. (There are other versions listed there, they are forked coins that did not change the basis so appear on our node relay maps.) Nevermind what our public nodes see daily.
Do not take this as a hit to Stellar, it has been around since July 2014. It is old in the space which is amazing it has lasted given how many projects die. However stating that it is one of the fastest growing and largest blockchains, is a bit of a stretch. It is a rather creative stretch in reality. I understand they function differently than Dogecoin in their handling, still "largest blockchain platforms out there"; just to note.
ETH 6439 July 2015
BCH 786 BTCU 698 August 2017 / January 2016
BSV 485 November 2018
I got fairly far down the list on CMC and to continue seemed overly harsh as the trend continued.
Constant updates and support further improve the Stellar blockchain platform.
Factual they also do micro releases (small tweak releases) and they do master branch implementation and developmental work. A bit different than many things in the space.
Shibe loves Stellar.
It is a bit mutual. Dogecoin is such an interesting blockchain and serious project, that peek the advisors we have ties, old ones. Even as Stellar grew over the years more than a few of their services did drops to Dogecoin just due to the history between the assets. OneCred rip now This was one of the early services for Stellar.
PoW vs Green Tech
DogeCoin: Much Hash, Such Work
Even though DogeCoin has many orders of magnitude fewer transactions and smaller transactional value, it now exceeds over 20TH/s in terms of hashrate.
You are not wrong, in fact the other day we were one of the tops for hashrate in the entire space. It has been a long while since we were near 20TH/s though hashrate 9/22/2017 was the last time we were under 20TH/s. Just as a note, more transactions does not mean more energy spent as the energy spent is per block which contains multiple transactions.
The amount of electricity wasted to power stagnant technology negatively impacts the environment
You seem to have missed that Dogecoin is AuxPoW, this means that Dogecoin mining is a byproduct of Litecoin mining. Which is why our hashrates are generally close. This also takes the energy "waste" down to running a node, which most networks in the space have. Deciding it is wasteful simply for your narrative in Dogecoin's case; seems short sighted and a bit targeted.
and reduces mining rewards.
Given there is a very low energy cost via AuxPoW, there is not a reduction in mining rewards. Further given Dogecoin entered the "legacy" mining period we are beyond halvening, we are forever to the 10k block rewards which facilitate ongoing transactional functionality. Transaction fees, along with block rewards go to the miners; there is no reduction to the mining rewards for the miners.
Despite all this waste
Given the network is rather efficient, I do not understand the implication of waste.
DogeCoin is still theoretically much less secure than Stellar.
Based around what theoretical reference? Dogecoin is five and a half years old, in actual reality of functional existence ..Dogecoin has not had an attack that in any manner made the blockchain less secure. Further more blockchain audits, independent security reviews, network health reviews tend to be part of the listing process for the higher level compliant functioning exchanges. To date we have yet to fail one, shutter or even has a questionable passing.
You state Dogecoin is insecure in theory.. Did you miss that Dogecoin follows Bitcoin's upstream? The codebase is public, if you wish to state we are insecure I will ask you for the proof of your claims, it is a rather grave implication to make without cause. I assume you have found something everyone else has missed, care to share?
Doge Token: Such Green, Much token
Transparency and Safety
DogeCoin: Much scam, Such Sad
Remember the days of tipbots. Yes? Well we’re sure things didn’t end very well for the most avid tippers.
Pardon? I ask this honestly as we have had multiple tipbots ongoing for multiple platforms; with no issues in assorted communities that have had no issues. Surely you are aware that the tipbots, are external, third party offerings; they are unattached and uninvolved in the actual Dogecoin project. I state this because you seem to be of the mind that because something happened externally, on third party offerings, by third party developers; that it somehow reflects on Dogecoin itself.
Applications built on DogeCoin are often closed source and non-contract enforced.
Discord - Frog's
Discord - BA
Discord - BitsBot
Discord - MSFT
Twitter - Beir's
Twitter - TipDoge
Reddit - Dogetipbot - Mohland - Redacted code
Reddit - Dogetipbot - Mohland - Redacted code
Reddit - AltcoinTip -Vindimy
Reddit - SoDogeTip
IRC - Doger - One of the longest running tipbots in the space.
IRC - Doger Soak
IRC- NRP
Slack - Val
Telegram - Peakshift
These are just the ones off the top of my head.
We only mourn for the nice shibes who were victimized by these viles scammers.
Broad statements are made here in relation to all the tipbots. The one that did have issues, you seem to have missed was not actually tied to the project. Further more it was not just a tipbot that was impacted but an entire company. DogeTipBot.
Doge Token: Such Clear, Much Trust
Doge Token cannot be attacked with 51% attack and this makes us invulnerable.
You are correct, it does not take a 51% attack to take Doge Token down. It takes sadly removing two nodes from the Stellar network down to take everything, in the fullest down. Due to their more centralized nature of issuance, and operation the base network under Doge Token is publicly known to have several issues. Recently Stellar had a review by an external third party. Stellar security which goes on to detail several known issues in relation to the base functionality methods of Stellar. Understanding that on the base, anyone can claim anything noting that David himself came out to reply seems important. Further adding to this is just what KAIST is along with why it is important to note that it was not just random people making these claims.
Stellar exploit allowed 2.2bn Lumens to be created 2017. This was an onchain direct exploit.
Ongoing issues with Stellar, one which related to SDEX where Doge Token exists bug reporting.
Stellar Dex had an issue disclosed, which rather went interestingly.
Now the very important distinction here, what I have listed above are on chain issues, they are flaws exploits, problems related to the base code of functionality of Stellar itself; not third party issues. They are also public knowledge to be issues do please do not assume I am taking a swing at their project.
In the interest of disclosure there have been third party troubles relating to Stellar as well.
There was the BlackWallet hack Jan 2018 hack that resulted in 400kUSD stolen.
This makes Doge Token more trust-worthy than DogeCoin.
I will note that your entire white paper is based around false claims, baseless speculation, very easily disproved comments about the Dogecoin project, and further more implied relations which are not the actual basis of anything. We have tried in vain repeatedly to contact your project, and you have resisted.
I understand the space is huge, in fact we find it wonderful that it is so diverse. What we pause at, and what will always pause at are projects that make baseless claims, attacks, spread misinformation and bluntly put, lie. Whatever your intentions are this is not the best way to step into the space, especially given we have already had to answer for your projects comments, and we are also very curious why you took a logo without credit to the artist.
In terms of trust? Dogecoin has been here for over half a decade, our engagements are public, our codebase is public, our communications. Our communities are user driven, our third party platforms are also user driven. Where do you find fault in the trust-worthiness given who we are is rather public, we engage in the space openly as people, we are honest, direct and very proactive in relation to the entire userbase.
Sadly, the same cannot be said for you. With this it is our hope that you do correct your statements, that you do make things clearer, further more crediting the artist of your logo would also be kindly. Your methods are deceptive, your entire whitepaper is made up of libelous commentary. I do hope we can find a middle ground that does not take this much further given your stance thus far as been to mislead users by making grossly incorrect comments to further your own personal gains.
submitted by Sporklin to MyToyBox [link] [comments]

Ripple - XRP - news

Ripple (XRP) isn’t a Real Cryptocurrency, Claims Exchange that Just Listed the ‘Heavily Centralized’ Token

Ripple (XRP) is not a cryptocurrency, and it is heavily centralized in the hands of the corporate entity known as Ripple. That’s the opinion of a cryptocurrency exchange which listed XRP on its platform just one day ago.

The Coinmotion exchange, based in Finland, released this blog post just hours after listing Ripple on its trading platform, titled: “XRP is a Centralized Virtual Currency.”

The post details the opinion of the exchange operators that XRP is not a typical cryptocurrency, is not backed up by a traditional blockchain, and that it is heavily centralized in the hands of parent company, Ripple Labs.
“What one needs to know about XRP is that it is not cryptocurrency in the strict meaning of the word… What differentiates XRP from cryptocurrencies is that it is not based on blockchain, it is not mined and it is heavily centralized. Ripple network is a suite of different applications by Ripple Labs. XRP, is the currency of Ripple network, which the apps use.”

That’s an opinion that’s been doing the rounds for a long time in crypto circles. Every few months another voice pops up to reveal the “shady truth” that XRP is actually a centralized product.

But the difference is, this time it’s coming from a voice with something to lose by making that allegation. Coinmotion has absolutely nothing to gain by spreading FUD about XRP, and the fact that the release of this blog post coincides with its listing of XRP (after huge demand from Finnish consumers), only demonstrates how concerned they must be.

The article claims that Ripple (the network) doesn’t use a blockchain to secure transactions, but instead uses a method known as HashTree which is patented by Ripple Labs (the company). From the post:
“In HashTree all the transactions and balances are combined to a single number, which servers compare to each other to reach consensus. This kind of system is faster than blockchain, but far more centralized.”

Coinmotion also details the particulars of XRP’s (the currency) supply statistics, noting:
“XRP isn’t mined like typical cryptocurrencies. All 100 billion ripple coins have already been created. Ripple plans to release about half of them on to the markets while keeping the other half. Currently there are about 39% of ripple in the open markets, while 61% are kept by Ripple Labs.”

According to Coinmotion, the control of XRP in the hands of a single company amounts to a monopoly – one which is antithetical to the standard principles of a cryptocurrency like Bitcoin:
“Ripple Labs has also the control on how and when to release new ripple on the markets. This is strackly (sic) in contrast to how decentralized cryptocurrencies work: with Bitcoin everybody knows and agrees on how new bitcoin are minted. With Ripple it is the monopoly of Ripple Labs to make the decisions.”

The article rounds off by suggesting that XRP could still succeed despite the points detailed above. Even if Coinmotion doesn’t consider XRP to be a pure crypto or blockchain solution, it still qualifies as a modern fintech solution. The article notes:
“As a centralized system it could also be easier to jump on than decentralized blockchain systems. Grand institutions such as large scale companies and banks are often quite conservative in adapting new systems. Centralized system might seem less intimidating than a decentralized one.”

That’s a sentiment I’ve expressed myself, and it’s one that was easy to come by towards the end of last year, when every week in September and October seemed to be about financial institutions adopting one of Ripple Labs’ products.

By January of this year, Ripple Labs announced the addition of thirteen more financial institutions to its RippleNet, taking the total to over 200. Round about the same time, co-founder Jed McCaleb – now of Stellar – found time to fire his own shots at cryptocurrency competitors, alleging that Tron (TRX) was “just garbage.”

BRAD GARLINGHOUSE CLAIMS XRP IS ‘VERY CLEARLY DECENTRALIZED’
As for criticism of XRP, the CEO of Ripple Labs, Brad Garlinghouse, has never shied away from the debate, and made the case in 2018 that even he had no control over XRP’s ledger:
“It is very clearly decentralized. I, as CEO of the company, can’t control the XRP ledger.”

Coinmotion ends with a rather ominous statement which appears to translate roughly as “If this goes wrong, it’s on you!”

“Nonetheless since You, our dear customer, have asked for it, we have offered you the possibility to buy and sell XRP on Coinmotion.”
submitted by Dieterich7 to FINAWIKI [link] [comments]

List of sources for Stellar's potential transactions/second capacity

Compare these numbers to:
Full list with sources, links, images, and quotes: https://www.lumenauts.com/blog/how-many-transactions-per-second-can-stellar-process
submitted by yodayoungling to Stellar [link] [comments]

Plan B: Voluntary payment from Karpeles of excess funds after trustee distribution

Let's say Plan A fails, which is basically to prove to the court and trustee that Mtgox was only custodian and never owner of customer's bitcoins.
Here are the facts: Karpeles still owns 88% of Tibanne who 100% owns Mtgox. 12% used to be owned by Jed McCaleb now owned by Sunlot?????? => Not sure, but those 12% are basically gone.
Karpeles is also in personal bankruptcy, so is Tibanne. If Plan A fails, Karpeles ends up with basically over 500 million dollars.
I think he once mentioned on reddit that he isn't to eager to get all the money for himself.
The proposal is in short: Karpeles pays his creditors and taxes*, gets to keep 5 million dollars for himself (basically 1%) and pays the excess to BTC creditors in exchange for no threats and lawsuits so that he can live the rest of his life in peace and still gets to be fairly wealthy.
Fiat creditors may still be butthurt although they will get 100% paid anyway.
*Taxes are a possible issue. I'm not 100% sure how Japan treats the capital gains on bitcoin and what their tax rate is. It could end up costing 30-50% of the 500 million dollar excess.
There are one or two possibilites to avoid the taxes maybe.
If he would agree to such a proposal the best case scenario would be to get 61-87% of the excess money to btc creditors.
submitted by goxxed123 to mtgoxinsolvency [link] [comments]

Top 10 Cryptocurrencies By Market Capitalization

Top 10 Cryptocurrencies By Market Capitalization
https://preview.redd.it/tdzuex421eq11.jpg?width=3983&format=pjpg&auto=webp&s=a5420c76662e15089c23c08ec97381696e650cd1

1. Bitcoin
https://preview.redd.it/u7rknca01eq11.jpg?width=3983&format=pjpg&auto=webp&s=9f6e91ac68f755220a64dcbe36f2f37c9629fd38
Bitcoin ถูกสร้างขึ้นในปี 2009 โดย Satoshi Nakamoto บุคคลลึกลับที่ไม่ยอมเปิดเผยตัวตน Bitcoin เป็นหน่วยเงินใช้ชื่อย่อสกุลเงินว่า BTC ซึ่งใช้เครือข่ายบล็อกเชนแบบเปิดในการจัดเก็บข้อมูล ทําให้ไม่มีใครสามารถควบคุมหรือแก้ไขข้อมูลที่บันทึกอยู่บน blockchain ได้ สำหรับรายละเอียดเพิ่มเติม โปรดดูวิดีโอ (What is Bitcoin in 2 minutes) ของ Bitkub Academy ตามลิ้งค์นี้เลย

2. Ethereum
https://preview.redd.it/41tihxl11eq11.jpg?width=3983&format=pjpg&auto=webp&s=e991d2f2480d0732ae8502f70edaf6fd6d5a0c98
Ethereum เป็นชื่อของบล็อกเชนหนึ่งซึ่งมีเหรียญหรือ cryptocurrency ชื่อ Ether(ชื่อย่อสกุลเงิน: ETH) ถูกสร้างในปี 2013 โดย Vitalik Buterin โปรแกรมเมอร์หนุ่ม ชาวรัสเซีย เขาเล็งเห็นศักยภาพของ crypto และ blockchain ที่มากว่าแค่เป็นสกุลเงินดิจิตัล โดย ETH จะเป็นเหมือน general purpose blockchain หรือ blockchain เอนกประสงค์ที่ทำได้หลายอย่างที่บล็อกเชนสามารถทำได้ เช่น Smart Contracts และข้อตกลงทางการเงินเป็นต้น สำหรับรายละเอียดเพิ่มเติม โปรดดูวิดีโอ (What is Ethereum and How is it Different From Bitcoin?) ของ Bitkub Academy ตามลิ้งค์นี้เลย

3. Ripple
https://preview.redd.it/zzh2xoz61eq11.jpg?width=3983&format=pjpg&auto=webp&s=d88082fd9b3280a24223cbcefd0f67903f799eca
Ripple ถูกสร้างขึ้นในปี 2012 โดยบริษัท Ripple Labs ที่มี Chris Larsen เป็นผู้ถือหุ้นใหญ่ สกุลเงินของ Ripple ใช้ชื่อย่อว่า XRP ที่มีไว้ใช้สําหรับการชำระเงินหรือโอนเงินระหว่างสถาบันการเงินและธนาคารทั่วโลก แพลตฟอร์มของ Ripple จะแตกต่างจากสกุลเงินตัวอื่นๆ เพราะ XRP ใช้เครือข่าย RippleNet ซึ่งเป็นระบบปิดที่ให้ใช้งานเฉพาะธนาคารที่ลงทะเบียนกับ Ripple เท่านั้น และการยืนยันธุรกรรมทั้งหมดนั้น จะถูกควบคุมโดยบริษัท Ripple แต่เพียงผู้เดียว

4. Bitcoin Cash
https://preview.redd.it/q55ez0f52eq11.png?width=1311&format=png&auto=webp&s=050ac796109aa196a485188e84dcfcef9fb5bc32
Bitcoin Cash (ชื่อย่อสกุลเงิน: BCH) คือสกุลเงินที่กำเนิดจากการแยกออกของตัวเหรียญ Bitcoin หรือการทำ Hard Fork นั่นเอง ซึ่งหมายความว่าเครือข่าย Blockchain ของ Bitcoin จะถูกแบ่งออกเป็นสองส่วน ส่วนหนึ่งเป็นของ BTC และอีกส่วนเป็นของ BCH การเกิดขึ้นของ Bitcoin Cash เป็นเพราะว่า Bitcoin (BTC) นั้นรองรับได้แค่ 100 ธุรกรรมต่อบล็อก หรือ 1MB ซึ่งถือว่าช้าและมีปริมาณธุรกรรมที่รอการตรวจสอบเป็นจำนวนมาก จึงเกิดการโต้แย้งขึ้นระหว่างนักพัฒนาของทั้งสองกลุ่ม สุดท้ายแล้วกลุ่มที่ไม่เห็นด้วยกับปัญหาการ Scaling ของ BTC จำเป็นต้องแยกออกมาเป็นอีกเหรียญ นั่นก็คือ BCH

5. EOS
https://preview.redd.it/vyw4tt791eq11.jpg?width=3983&format=pjpg&auto=webp&s=4eff77c2bfc1010d68fb2795e8f697c8581a4aa4
EOS เป็นอีกสกุลเงินดิจิทัลที่มีความสามารถในการสร้างแอพพลิเคชันแบบกระจาย (Decentralized Application)โดยใช้ Smart Contracts ในการกําหนดเงื่อนไขต่างๆ เทคโนโลยีที่ EOS ใช้จะคล้ายๆกับของ Ethereum แต่ EOS สามารถทําธุรกรรมได้มากกว่า 1 แสนต่อวินาที เมื่อเทียบกับ ETH ที่ทำได้แค่ 13 ธุรกรรมต่อวินาที และที่สําคัญคือ EOS นั้นไม่มีค่าธรรมเนียมหรือค่า Gas เหมือน ETH

6. Stellar
https://preview.redd.it/80n033da1eq11.jpg?width=3983&format=pjpg&auto=webp&s=10d34e644cb6c74dfbb5933432cde82319a416bd
Stellar (ชื่อย่อสกุลเงิน: XLM) เปิดตัวในปี 2014 โดยนาย Jed McCaleb เป็นสกุลเงินที่ถูกพัฒนาขึ้นต่อจากสกุลเงิน XRP (Ripple) ที่เน้นให้บุคคลทั่วไปใช้ในการชําระเงินและโอนเงิน เช่น โอนเงินไปต่างประเทศ ต่างสกุล หรือแม้กระทั่งเสนอขายสกุลเงินที่เรามีอยู่

7. Litecoin
https://preview.redd.it/0nd9knib1eq11.jpg?width=3983&format=pjpg&auto=webp&s=887fb848a18ee95b72940d7b67942b9b32f79e2c
Litecoin (ชื่อย่อสกุลเงิน: LTC) ถูกสร้างขึ้นในปี 2011 โดยนาย Charlie Lee ซึ่ง LTC นั้นมีคุณสมบัติคล้ายๆกับ Bitcoin แต่สิ่งที่แตกต่างคือ LTC มีค่าธรรมเนียมในการโอนที่ถูกกว่า Bitcoin และมีความเร็วในการยืนยันธุรกรรม โดยเฉลี่ย 2.5 นาที เมื่อเทียบกับ Bitcoin ที่ต้องใช้เวลาถึง 10 นาที

8. Tether
https://preview.redd.it/b9i36ljc1eq11.jpg?width=3983&format=pjpg&auto=webp&s=abe13ffcc7a5df762d56115584d718382aced525
Tether (ชื่อย่อสกุลเงิน: USDT) ถูกสร้างขึ้นเมื่อปี 2014 โดย บริษัท Tether ที่มีนาย Brock Pierce เป็นผู้ก่อตั้ง USDT คือสกุลเงินดิจิทัลประเภท Stablecoin หรือสกุลเงินที่มีค่าคงที่ โดยที่มาของทุกๆ 1 USDT จะถูกค้ำประกันด้วยเงิน 1 ดอลลาร์สหรัฐ ที่มีอยู่ในบัญชีของบริษัท Tether จุดประสงค์หลักของ USDT คือการรักษามูลค่าของเงินดิจิทัลที่มีอยู่ใน cryptocurrency exchange เพราะหลายที่ไม่สามารถเปลี่ยนเงินดิจิทัลมาเป็น fiat currency ได้

9. Cardano
https://preview.redd.it/6uvbtdad1eq11.jpg?width=3983&format=pjpg&auto=webp&s=468cf80f5d2ac26b5e9b5c2b40793b2aeb96b288
Cardano (ชื่อย่อสกุลเงิน: ADA)คือ แพลตฟอร์ม Smart Contracts ที่ถูกสร้างขึ้นในปี 2015 เพื่อที่จะเปลี่ยนแปลงและพัฒนา Cryptocurrency ให้มีรูปแบบที่แตกต่างไปจากเดิม ทางผู้พัฒนากล่าวว่า Cardano เป็น Blockchain Generation 3 ที่ระบุและแก้ไขปัญหาหลักๆ ที่เกิดขึ้นในบล็อกเชนยุคก่อนๆ ซึ่งประกอบไปด้วย ความสามารถในการเพิ่มขยาย (Scalability), ความสามารถในการทำงานร่วมกัน (Interoperability) และ ความยั่งยืน (Sustainability) ผ่านสถาปัตยกรรมแบบเป็นลำดับชั้น (layered architecture)

10. Monero
https://preview.redd.it/qh4nzrtd1eq11.jpg?width=3983&format=pjpg&auto=webp&s=8959f62807dfa18d9a048cd27986819edf86d02f
Monero (ชื่อย่อสกุลเงิน: XMR) เป็นเงินดิจิทัลสกุลนึงที่เปิดตัวในปี 2014 โดยเน้นเรื่องการรักษาความปลอดภัยและการป้องกันความเป็นส่วนตัวของผู้ใช้ เทคโนโลยีที่ Monero ใช้คือ ระบบ Ring Signature ที่ซ่อน address ของคนที่ทำการส่งธุรกรรม Ring Confidential Transactions (RingCT) เพื่อซ่อนปริมาณการทำธุรกรรม และ Stealth Address เพื่อซ่อน address ของคนที่ทำการรับธุรกรรม

https://medium.com/bitkub/cryptocurrency-blockchain-bitcoin-top10-marketcap-value-fca2549dd9fb
อยากมี Bitcoin Ethereum หรือ cryptocurrencies อื่นๆ ซื้อเลยวันนี้ที่ https://www.bitkub.com/buy-cryptocurrency
submitted by BitkubExchange to bitkubofficial [link] [comments]

bitcoin, XLM, XRP - is Jed McCaleb Satoshi Nakamoto? Why I think so

I have been invested in Cryptocurrency for the past six months. Over this time, I have formed the opinion that the cryptos with the greatest intrinsic value are Stellar Lumens and Ripple. Also, I believe that these are two of the only coins that - in the long run - could thrive if bitcoin crashes (Short term bitcoin pull backs = large decrease in ALL altcoin price/per as we have seen this past week). The technology these coins possess and the service they provide almost conflict with the idea of bitcoin, right? Benefiting banks and large corporations by eliminating (maybe too strong of a word) the need-fopurpose of a decentralized currency.
Bitcoin was created to serve as a peer to peer exchange, however, many will argue that most of bitcoins’ founding principles have been thrown out the window.
Early in the history of bitcoin, Satoshi basically stated that he did not like the direction bitcoin was heading, and that he was moving on to other things.
And that’s exactly what Jed McCaleb did.
Surely, one cannot assume that this Satoshi figure only created bitcoin, and then was never to be heard from again. No, a genius like that does not have just one jackpot invention.
That being said, Jed McCaleb created eDonkey in the year 2000, Mt. Gox, Ripple, and Stellar, all of which (besides stellar) provide(d) a revolutionary service. Is it that crazy to assume this was the same man who created bitcoin?
I would love to hear any thoughts on this theory that Jed McCaleb is Satoshi Nakamoto
submitted by Farm_Town_Savage to Bitcoin [link] [comments]

The Jed McCaleb Story: Founding Stellar, Ripple & the Journey from eDonkey to MtGox Demo Sessions: Stellar with Jed McCaleb at Distributed ... Stellar, Ripple, and Jed McCaleb. The Good, The Bad, and The Ugly. #873 BTC Gebühren steigen, Tezos und Chainlink Kooperation & Jed McCaleb XRP Verkäufe RIPPLE NEWS Jed McCaleb... about RIPPLE & STELLAR - YouTube

Jed McCaleb is the cofounder and CTO of nonprofit Stellar.org. Before Stellar, Jed created eDonkey and Mt. Gox, the world's first Bitcoin exchange. While Jed McCaleb and MiSoon Burzlaff were starting a family in 2009, an unknown Satoshi Nakamoto was launching Bitcoin, a blockchain-based payment processing system that would give birth to the blockchain and crypto revolution. With his experience in many of the core technologies that support the blockchain architecture such as decentralized P2P networks and cryptography, Jed soon became ... Jed McCaleb wears many, many hats. Before he co-founded Stellar (of which he is the CTO), he also founded and served as CTO of Ripple until 2013. Even earlier than that — which goes back to the very origins of cryptocurrency — McCaleb founded the now infamous Mt. Gox after reading about Bitcoin online, creating the wildly successful (and then wildly unsuccessful) first Bitcoin exchange in ... Jed McCaleb is an American programmer and entrepreneur. Born in 1975, McCaleb is well-known for creating one of the first bitcoin exchanges, the now defunct bitcoin exchange Mt. Gox., which he ... Im Jahr 2007 kaufte Jed die Domain mtgox.com, um eine Handelswebsite für Magic: the Gathering zu erstellen, ein von Richard Garfield entwickeltes Sammel- und digitales Sammelkartenspiel. Später wurde die Idee geändert und die Bitcoin Exchange Company gegründet. Im Jahr 2011 verkaufte McCaleb die Website an Mark Karpelès.

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The Jed McCaleb Story: Founding Stellar, Ripple & the Journey from eDonkey to MtGox

Heute sprechen wir über folgende Themen: Bitcoin-Gebühren schießen in die Höhe, Tezos (XTZ) will Chainlink (LINK) Oracles nutzen & Ripple Co-Founder Jed McCaleb XRP Abverkauf. 1.) Bitcoin ... http://markets.distributed.com/ Jed McCaleb describes the potential for Stellar at Distributed: Markets 2017 in Atlanta, GA. Trading Bitcoin - Money Printing Still Making ALL ASSETS RISE Tone Vays 1,032 watching Live now CFCon USA 2018 / Jed McCaleb & Adam Ludwin / Issuing assets on blockchain - Duration: 16:55. acompanha matéria em www.startupi.com.br #ripple#xrp#rprediction#MGBcrypto ----- ⚡If you want to buy Bitcoin, Litecoin, BitcoinCash, Ethereum and Rip...

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