The ‘Trilemma’ of Blockchain space - Scalability, Security, and Decentralization - are the three things every blockchain is trying to solve simultaneously. But it’s easier said than done, as proven by the scalability issue faced by Ethereum. Higher scalability transcends to higher market adoption. This is where Cardano and Algorand have come into the picture. They have their similarities and differences that seem to work for them for now. Rather than telling you which one has more potential, it’s better to present the entire case and let you decide how they fare against each other.
Star Player of the Team
Anyone would agree that having a renowned and accomplished team player always gives a boost to the project.
Cardano’s Charles Hoskinson
If the name seems familiar, that’s because he is also the co-founder of Ethereum. A tech entrepreneur and mathematician with an interest in analytic number theory, Charles Hoskinson moved into blockchain space in 2013. He co-developed the Ethereum blockchain with Vitalik Buterin before leaving the project in June 2014. Hoskinson joined crypto and blockchain research firm IOHK to develop Cardano and since then has sponsored various blockchain research labs at the Tokyo Institute of Technology and the University of Edinburgh. He also founded Invictus Innovations. Hoskinson was the founding chairman of the education committee of the Bitcoin Foundation and established the Cryptocurrency Research Group in 2013. His current focus lies in educating people on the use of crypto and decentralization.
Algorand’s Silvio Micali
Unlike the innovators of other blockchain projects, Silvio Micali is already a famous name in cryptography long before he started developing Algorand. Deemed as one of the top cryptographers, he is a recipient of the prestigious Turing Award in 2012 and RSA prize for cryptography, Gödel Prize (theoretical computer science) in 1993, and ACM fellowship in 2017. Micali’s work spans around public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, and secure multi-party computation among others. In 1989, he co-invented Zero-Knowledge Proofs with Shafi Goldwasser and Charles Rackoff. He also developed Peppercoin, a cryptographic system for processing micropayments. A professor at MIT’s electrical engineering and computer science department since 1983, Silvio Micali is also working as a computer scientist at MIT Computer Science and Artificial Intelligence Laboratory. His doctoral students include Shai Halevi, Mihir Bellare, Rafail Ostrovsky, Bonnie Berger, Rafael Pass, Chris Peikert, and Phillip Rogaway - each renowned in their respective fields.
Project Partners and Collaborators
For any business, partnerships and collaborations are the most important aspect since they drive growth and innovation.
Cardano has formed 17 partnerships so far that either enhance its capabilities or grow its business.
Metaps Plus: To integrate the ADA coins into the MeTaps Plus, South Korea’s one of the largest mobile payment platforms.
IBM Research: For a software distribution project commissioned by the European Union.
PriceWaterhouseCoopers (PwC): To develop a new commercial strategy, probably to bring enterprise users to Cardano.
New Balance: All customers can authenticate the footwear purchases on the Cardano blockchain.
SIRIN LABS: To integrate the Cardano blockchain in their blockchain smartphone FINNEY and its SIRIN OS.
Konfidio: To drive the adoption of the blockchain business model platform among corporations and governments.
Algoz: To offer liquidity solutions and trading solutions for its native ADA token.
Priviledge: To study and publish decentralized software updates Priviledge is a consortium of renowned companies and scientific universities with the European Union.
South Korea Government-Approved Trade Associations:Signed two MoUs with Korea Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA) to implement Cardano for Korean mobile gaming and digital content.
Ethiopian Government: To develop a new digital payment system and combine it with identity cards using its Atala blockchain framework.
Georgian Government: Signed MoU to implement Cardano blockchain-enabled projects across education, business, and government services.
Cardano’s other major partnership includes Z/Yen Group’s Distributed Futures practice, COTI Network, and Ellipal Hardware.
Algorand’s innovativeness and potential to be the blockchain leader has helped it bag a plethora of valuable partnerships across the world. Here are a few partnerships out of the 17 -
International Blockchain Monetary Reserve (IBMR): To launch the Southeast Asia Microfinance Platform and create a stablecoin called Asia Reserve Currency Coin (ARCC) to encourage financial inclusion in Southeast Asia.
SFB Technologies: To build the infrastructure to create a CBDC (central bank digital currency) dubbed ‘SOV’ for the Marshall Islands.
Meld: To tokenize gold and track it over the supply chain using stablecoin for the Australian gold industry.
Caratan: To build financial tools and products to promote Fintech adoption at an institutional level.
Italian Society of Authors and Publishers (SIAE): To develop copyright management tools and services.
DUST Identity: To authenticate physical objects and validate transactions over the blockchain.
AssetBlock: A real estate startup launched its tokenized property investment platform on Algorand
PlanetWatch: Focused on environmental monitoring, the first "CERN Spin-off " labeled organization is building the world's first immutable air quality ledger on the Algorand blockchain using IoT technologies.
Other major partnerships include World Chess - the commercial arm of the World Chess Federation, Big Data company Syncsort, and Tether.
Both Cardano and Algorand use PoS or Proof of Stake consensus mechanism at their heart, but that’s where the similarity ends. Each of them has its own spin to it. In the PoS mechanism, a person can validate a block depending on how many stakes or coins he holds. The stake quantity determines the amount of mining power one has. So how does each of them differ?
Cardano’s version is called Ouroboros PoS.
Cardano allows stakeholders to pool their resources together in a single ‘stake pool’, thus delegating their stakes to the pool. This is because every elected stakeholder may not have the expertise to create blocks.
The physical timeline is divided into small blocks called ‘epochs’ that are made up of fixed slots. These epochs are cyclic.
Each such epoch consists of a set of pooled stakeholders.
While the endorsers are elected depending on the weight of the number of stakes held by them, a slot leader (for every epoch) is randomly chosen by a digital coin toss among stakeholders. When the endorsers approve the blocks produced by slot leaders, it gets added to the blockchain.
The slot leader also selects the slot leader for the next epoch through the ‘coin toss’.
Note that having a higher stake increases the probability of getting elected.
Currently, the list of validators is fixed and the succession is known beforehand.
With the launch of the Shelley mainnet, Cardano plans to remove the above issue. But this will be a hard fork. Here, the community will decide on block validators through staking.
The version Algorand uses is called PPoS (Pure Proof of Stake) consensus mechanism.
PPoS randomly selects a token holder as a block producer.
The proposed block gets approved by a committee of 1000 randomly selected token owners and then added to the blockchain.
The algorithm runs a cryptographically verifiable lucky draw over all the accounts to randomly select committee members as well as the block proposer.
This means the identities of the participants are unknown until the blocks are added to the chain.
This selection does not depend on the stake size of the nodes at all.
PPoS runs this lottery process in complete isolation with other nodes in the network.
The completely randomized election and secret identities of the committee members drastically reduce the chances of any foul playing within the network. As the number of users grows, the network gets stronger and more secure. Algorand’s PPoS has embraced a more egalitarian ecosystem to negate the wealth gap present in traditional PoS.
Currently, Cardano offers 50-250 TPS. But with incorporating sharding technology in its Ouroboros Hydra version, the scalability can increase to one million TPS theoretically. The processing speed will increase as more users or nodes join the network.
In Algorand, every lottery takes just a microsecond to run. Since such lotteries run independently of each other, multiple lotteries can run simultaneously. This inherently makes PPoS highly scalable. The mainnet itself has the capability to handle 1000 TPS.
Both Cardano and Algorand have sound tech and teams that believe in extensive research and meticulously designed products. Having an early start, there’s no denying that Cardano has established itself in a superior position thanks to the technological achievement, consistency, and transparency it has showcased. But with Algorand’s ecosystem growing fast, the competition has intensified. Algorand’s aim to bring full transparency, technological innovation, and successful partnerships just within a year have made it a prime challenger to Cardano. While referring to Algorand, Cardano chief Hoskinson voiced similar opinion - “... they are another one of the science coins and we all kind of support each other. Even though we get academically competitive, we're able to reference each other's work and learn from each other and grow from each other.”
LOEx Market Research Report on May 30: If 9200 points is not broken, hold currency to rise and follow the trend
[Today's Hot Tips] 1.[Early Bitcoin Developer: Satoshi Nakamoto invented the GPU mining code to defend the Bitcoin network] According to Cointelegraph, according to early Bitcoin developers, Satoshi Nakamoto prepared several versions of GPU mining code to protect Bitcoin from 51% attacks. Early Bitcoin developers who worked with Bitcoin founders in 2010 stated that in order to defend the Bitcoin network, Satoshi Nakamoto had invented the Bitcoin GPU mining technology in advance. Laszlo Hanyecz is famous for making the first Bitcoin transaction in the real world, and he is also praised for inventing Bitcoin GPU mining. However, in an interview, he said that Satoshi not only invented the algorithm before him, but also had several versions of the algorithm. 2.[The number of transactions on the BTC chain increased by 85.96% compared with yesterday] As of May 29, the number of active BTC addresses was 767,900, an increase of 60.13% from yesterday; the number of transactions on the chain was 280,800, an increase of 85.96% from yesterday; There are 597 large-value transfers on the BTC chain with more than 100 transactions, an increase of 9.94% compared with yesterday. The number of active ETH addresses was 501,700, an increase of 61.73% from yesterday. The World Research Institute believes that there is a positive correlation between the active transactions on the chain and the currency price. 3.[Digital dollar released white paper] The "Digital Dollar Project" released a white paper on May 28 local time in the United States. As mentioned in the white paper, "digital dollar" is a form of US dollar token that will coexist with existing fiat currencies and commercial bank funds, reflecting the many attributes of tangible currencies. Digital dollars balance personal privacy with the necessary regulatory compliance. 4.[21: 00-9: 00 Keywords: digital dollar project, Amazon patent, French central bank, stock]
The June contract of CME Bitcoin futures closed down 0.94%.
The stock market has outperformed Bitcoin in the past 12 months.
The Digital Dollar Project released a white paper aimed at laying the foundation for the US CBDC.
The US Patent and Trademark Office has approved Amazon's DLT system patent application.
Bank of France spokesperson: An “internal private blockchain” has been established to test the digital euro.
The International Monetary Fund reiterated its opposition to the digital currency of the Marshall Islands.
Governor of the Brazilian Central Bank: The final step will be digital currency.
The Russian crypto community protested against the draft bill that completely bans crypto transactions.
Novi spokesman: Calibra was originally named similarly to Libra. The name was changed to avoid confusion.
[Today's market analysis] Bitcoin (BTC)In the early hours of this morning, BTC continued to oscillate within a narrow range around 9400 USDT, and then rose slightly. At present, BTC is generally adjusted within a narrow range around 9450 USDT. Some mainstream currencies have rebounded slightly in the early morning after a turbulent downward movement, and they have started to fall again in a short time. BTC is currently reported at 9376.1 USDT at the LOEx Global, a decline of 0.25% in 24h. https://preview.redd.it/tmhrrp33gu151.png?width=554&format=png&auto=webp&s=d807d18371d39d8a10b0fdd3754cc08bd704a55f During the daytime yesterday, Bitcoin attacked more than 9,600 points and was blocked to fall back to 9,400 points. From the first wave of BTC to the top, the callback of 8400 points mentioned in the article that the possibility of BTC can be increased to 10,000 points. At that time, when the position was opened to 9600 points, there could be more than 1200 points of income, and the income was considerable. However, this wave is characterized by the fact that the amount of energy has not kept up, and a process of replenishment is required. As long as the callback does not break 9200, it is still a long trend. Everyone can hold the currency and wait for the rise, have the opportunity to hit 10,000 points again, and follow the trend Operation suggestions: Support level: the first support level is 9200 points, the second support level is 9000 integers; Resistance level: the first resistance level is 9500 points, the second resistance level is 9800 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
The Lemonade Stand: A (Head-canon) story of LibUnity
The Lemonade Stand: a LibUnity story Allies: Miles Clarence Pinnacle II: Sixteen-year-old heir to Pinnacle Products™, dashing, incredibly driven, lazier than a sack of bricks at anything NOT having to do with $$$, not Jewish, skipped a grade and won’t let anyone forget, dirty™ capitalist™ pig™, somehow likes every genre of music at the same time???, American™ dream, SO. FREAKIN. EXTRA., genuinely wants you to follow your dreams and be happy by spending your entire life acquiring wealth, somehow hasn’t gotten punched yet, “patron of the arts” because Salvator Mundi just sold for $450 mil, “buh-buh-buh-buh-BITCOIN!”, wants to be Elon Musk but unironically, raised by 4chan, “God says no, market sells yes”, duality of man, slacks, button-up shirt, vest, Rollie™, sunglasses, the most pretentious shoes you’ve ever seen Leslie (couldn’t afford a middle name mate) Jones: “it’s shite being” British-American, one ethnically crooked tooth, can’t find a consistent ideology, Sex Pistols, petty theft, titty pills, anarchism, fan of the Sex Pistols, sailor mouth Victorian taste, likes incorrectly using British slang, listens to the Sex Pistols, “too nice :)”, makes a really good hummus because it’s not her native food, as “free range kid on free range food,” Oi!, 17 “but I’m not like those other wankers,” the same Sex Pistols shirt everyday even though it has a massive hole in the right arm-pit, always wears union jack bandana, two bits over a meter and a half “tall”, messy brown hair, flower skirt, did she mention she likes the Sex Pistols?, light brown eyes, worn-out chucks, bollocks Mr. Miles Clarence Pinnacle I: America! capitalism, America! sport/s, America! my beautiful family, America! Pinnacle Products™, America! Mrs. Julie Winter Pinnacle: “Sweety have you tried my homemade casserole? All the girls at Bible study loved it! Do you go to Bible study dear? Oh, you should join us next Sunday! Barbara does such a good job at leading discussion about ʰᵒʷ ᴶᵉˢᵘˢ ᵈᵒᵉˢⁿ'ᵗ ᵃᶜᵗᵘᵃˡˡʸ ᵐᵉᵃⁿ ᵃˡˡ ᵗʰᵉ ʳᵃᵈᶦᶜᵃˡ ᵗʰᶦⁿᵍˢ ʰᵉ ˢᵃʸˢ… Belligerents: l e m o n s, first quarter, moral ambiguity, U.S. housing market Scene 1:Sunny American day in a sunny American neighborhood. Fourteen-year-old Miles Clarence Pinnacle II sets up a shabby lemonade stand (seriously Miles, a lemonade stand? Aren’t you a little too old for this?) (“Money’s money baby 😉”) across the street from a construction site, hawking his newest Pinnacle™ Product™ (or as I like to call it, his newest get-rich-quick scheme) (“Hate the man, not the hustle baby 😉”). Whatever, let’s just see how the market reacts to his newest… hustle. Miles:shouting with comical gesticulation Lemonade! Get your lemonade here! Nothing better after a hard day’s work than a nice, tall, refreshing glass of ice cold… ooo, hear those ice cubes tinkling it’s like straight out of a commercial people… and it’s so uh… refreshing, you wouldn’t believe me unless you tried it yourself! And just think gentlemen, this beverage, this… Pinnacle™ of refreshment can be yours, and only yours, for two small payments of $.50. Truly, this miracle of capitalism could only happen in a land as beautiful and free as the U. S. of A. Now, which one of you lucky gentlemen will be the first to try… Construction worker:gathered around an Igloo™ water cooler Go home Miles, your lemonade sucks. Miles:indignant Hey! My lemonade does not suck! It’s a Pinnacle™ Product™! Construction worker: It’s watered down slop is what it is. I’d rather pay five bucks for water than a dollar for your crap. Miles:dumps out half the glass Care to put your money where your mouth is? Construction worker:raises his third cup of water Nah I’m good Miles. Got all the water I need for free. Miles:grumbling Commie cheapskate. Construction worker:laughs and returns to work Miles:looking down the street for another othersuckerscustomers. Notices a young “girl??” nonchalantly approaching and gestures they/them over Hey, hey, hey, you, kid! “Girl” (maybe?):removes quem’s headphones Who, me? Miles: Well I don’t see any other strapping young men… Leslie: … women… Miles: women this side of the sidewalk, do I? Girl:looks around I… guess not? Miles:puts his arm around her shoulder cause what’s personal space, right? You’re absolutely right! What’s your name kid? Leslie:visibly uncomfortable, but Miles hasn’t gotten the customer satisfaction report yet Leslie. Miles: Well my gender-ambiguous friend, you’ve just walked into the opportunity of a lifetime. Leslie:playing along I have? Miles:with dollar signs in his eyes Absolutely! You have the exclusive hono, of having the first glass of my patented™ home m… assembled! glass of Pinnacle Lemonade!™ A once in a lifetime opportunity that can be yours, and only yours, for one small payment of… Leslie:curtly I’ll try it if you shut up. Miles:silently steps aside and hands her a glass Leslie:s i p p Miles:impatiently Well? How is it? You love it? You love it don’t you? You love it so much you’re speechless. Leslie:grimacing It tastes like, like… Miles: the greatest thing you’ve ever… Leslie: Shite. Miles:the five stages of grief But, but… it’s a Pinnacle Product™… Leslie:tosses it out Tastes like watered-down minute-maid mate. Miles:tries it himself and promptly spits it out. Crashes like the housing market onto the stool, sighing dejectedly Huh…, maybe that’s why I haven’t made first quarter. Leslie:☹ Miles:exploiting™ it I won’t be able to make my first bitcoin investment, and this venture capital failure will haunt my portfolio till the end of my days. My credit will take, I’ll be denied a car loan, potentially rendered homeless… Leslie:rolls eyes anarchically Miles:applying for an Oscar Well, thanks for the feedback. I guess I’ll go back to putting the depression in Depression, broke, friendless, hopeless… Leslie:giving into ancap™ tears™ You know, I have a lemon tree in my backyard, I could bring you some fresh lemons to… Miles:rebounding harder than post-WWII American economy Corner the organic market! Leslie you’re a genius! puts arm around her shoulder again Leslie, Leslie, Leslie, I’m so glad the invisible hand of the market that brought us here together today. Leslie:economically confused It did? Miles: As sure as Adam Smith’s law of supply and demand! Leslie: Who’s Adam Smith? Miles: … >:( Leslie:backing away I’ll just, go get those lemons yea? Miles:frozen like the national unemployment rate ha-ha economic memes so funny She doesn’t know who Adam Smith is. She’s as British as overpriced tea but doesn’t know who Adam Smith is. She probably doesn’t know anything about economics. reflects in smuggling and tax evasion No wonder we revolted. Leslie:returns laden with lemons (try saying that three times fast) Ok! I’ve got them! Miles: Now that’s what I call fast food! Leslie:giggles, dropping all the l e m o n s Oh, sorry sorry! Miles:scurrying to collect future profit No, that one’s on me, I’m a capital pun maker. I inherited it from my dad. Leslie:collecting the lemons for common use It’s alright, at least it was funny. Miles:getting kinda lost in your hazel eyes Leslie, ngl So, uh, wanna come inside and get these squeezed? I mean lemons, squeeze the lemons… you know what I mean. Leslie: Do I? Miles:leading her across the street Let’s hope not. C’mon, I’ll introduce you to the folks. Scene 2:Basically, a Bed, Bath and Beyond kitchen catalog, complete with tiled floor, “Live Laugh Love” signs, and several wine bottles. It’s even got a Golden Retriever named Biscuit. But he’s a good boy yesh you are, yesh you are! Oh yea, and Mr. and Mrs. Pinnacle are here. They’re actually really cool people, if a little American. Miles:barging through the front door with Leslie in tow Mom! Dad! I’m home! Dad:putting down the Wall Street Journal Hey-hey-hey sport, how’s the lemonade stand going?” Miles:with all the false confidence of a failing business We’re venturing into new markets! Mom:wipes off hands on a dish rag Oh, and you brought a friend over! Would you care to introduce us Miles? Miles: Oh yea, Mom, Dad this is Leslie, Leslie uh… Leslie:extending her hand Jones, Leslie Jones. It’s nice to meet you sir, thanks for having me. Dad:shakes her hand. Notices the Union Jack bandana around her neck and decides to get cultural Don’t mention it mate! We’re happy to have you, just don’t tax our tea am I right? laughs in protectionist economic policies. Mom: Miles are you and the queen staying for lunch? Or tea, rather? winking at Leslie Leslie:realizes that Americans have even less subtlety than she expected Dad: Untaxed of course. laughs in Marshall Plan Miles: Sorry mom, my partner and I gotta make first quarter. Dad: First quarter, or the first quarter? Leslie:chuckles Dad:finger guns the one person who laughed at his dad joke Miles: A-ha-ha-ha very funny dad. Just wait until ur next batch of Pinnacle Lemonade™ hits the market. Because you know what’s gonna happen? It’s gonna break the market. And you know why? Because it’s gonna be the best one yet. And you know why? Dad: Because you attached more quality than name to a product? Miles:gesturing between himself and Leslie because it was all his idea obviously, We’ve… got a secret ingredient. Dad: Foreign labor? Miles: No. I’m talking about the best marketing ploy since $.99, “organic.” Show ‘em your lemons Leslie. Leslie:blushingly reveals “her” lemons Dad: Wow, those look fresh, and more importantly, free. “Organic” could work, as long as you’re not false advertising our minute-maid again. Do you have a consistent supply? Miles: We sure do, right partner? Leslie: Uh… yea, we sure do. Dad:getting those proud dad gears turnin’ Well then what’re you waiting for son, time is money! Mom: Feel free to use the juicer Miles. Miles:grabs the juicer then opens the back-door Thanks mom! Let’s go out back Leslie and get lemons juiced! (ok I’ll stop) Mom:gushing as any mother of a friendless child would Oh! It was wonderful to meet you Leslie. You’re so striking I’m surprised I haven’t seen you in the neighborhood before. Do you live nearby? Leslie: Uh yea I live around here yea. Mom: Splendid! Then you simply must come to church with us this Sunday! The neighbors are coming over my signature homemade casserole™ and they have two boys you and Miles’ age that... Leslie:briskly Sorry, my mom and I aren’t big on church. Mom:without missing a beat That’s fine dear, you don’t have to be a believer to go. Why don’t you meet us here at 8 tomorrow, and we can take you with us? Leslie: I don’t think… Mom:places her arm around her shoulder, what’s with Americans and physical contact Splendid! Miles dear, you’ll be sure to introduce Leslie to Hans and Alexy tomorrow, won’t you? Miles: It’s Oliksey mom, and no they’re weirdos. Dad: We’re all Americans son. Miles: Fine. But I don’t think they’re Leslie’s crowd, you know? They’re too… foreign. Leslie:indignantly I can judge their character myself, thank you very much. Dad: See that, everybody’s happy except you Miles. Now, don’t you have money to make? Miles:sweeping her out the door C’mon Leslie let’s goooooo. Leslie:flustered at Miles’ hand position You’d better watch those mitts chav! Scene 3:The suburban boonies, an un-mowed backyard. Leslie’s lost count of how many trials and ERRORS Miles has put her through while trying to find the perfect cocktail. She wouldn’t be as pissed if there was actual alcohol in it, but they’re 14 and Miles wants to get into Yale, so he only drinks Old Fashioneds (as if). Miles:handing Leslie a crystal glass new concoction… whaddya think? Leslie:pushes the headphones further into her ears Christ, Miles. Do I have to try another one? Miles: Oh, c’mon please! This one’s the money I’m tellin’ ya. Leslie: That’s what you said about the last three piss jugs you had me drink. Miles: All part of the capitalist process my dear. Now, if you please? Leslie:takes the suspiciously presentable liquid Oh… bollocks. Leslie:s i p p Hm. Hmm! This is really good! Doesn’t taste like shite this time, what happened? Miles: Four-parts water, two-parts lemon-juice (not his), half part ice, half part sugar, half part mint, and a pinch, a PINCH of ginger. My dear Leslie I present to you, the first ever Pinnacle Beverages Lmt. Product, “The Mile High. Is what happened. 😊 Leslie:genuinely impressed This is really good Miles, and I’m not taking the piss I’d pay good money for this, and that means a lot coming from me. Miles:dollars signs for pupils That’s all I needed to hear, which is why… kneels before her Leslie:blushing like a Victorian aristocrat W-What’re you doing you nuttah! Miles:takes her hand Leslie, I’m prepared to offer you 15, no, 20% stock in Pinnacle Beverages Lmt.™. We’ll make millions Leslie, millions with your organic stock and my technical know-how. Mr. Pinnacle (inside):sees his son proposing to the punk queen Looks like he’s making more than a friend out there honey. Leslie:looks away bashfully Oh yea um,… about that. Miles: We’ll be on billboards across the country! Commercials on prime-time television! We’ll give Coca-Cola a run for their money, we’ll…! Leslie:hesitantly Miles… Miles:checking himself, but not for the right things No, no, you’re right. I shouldn’t get ahead of myself. You were an integral part of this operation and I shouldn’t undercut your contribution, which is why I’m preparing to offer you… retches excuse me, 25% of my company from this day forward. All for the small price of an endless supply of fresh lemons. extends his hand Well friend, what do you say? Leslie:looks at his outstretched hand in guilt I… I can’t. Miles:about to cry Please, please don’t make me say 30%, it’ll break my heart. Leslie: I don’t care about your money, Miles. Miles: Great! 5% then! Leslie:shouting I stole the lemons Miles! Mr. Pinnacle (inside):turning back to his coffee I’ll pretend I didn’t hear that. Miles:incredulous Y-you’re right. This deal’s so good it’s basically stealing. Leslie: NO Miles. I stole those lemons from a house down the street. My flat won’t let us grow stuff in our place, so I come here to… you know, bridge the gap. Miles:pridefully You should’ve told me Leslie. Stealing violates the NAP, but lying violates our friendship. Leslie:prejudicely Pfft. Morality comes easy to toffs living in a two-story house in the when you live in a two-story house in the burbs. Miles:sincerely We weren’t born into money Leslie. My dad started as a door to door salesman before opening his own company with my mom. He pulled himself up by his bootstraps with wit, determination, and a modest business loan. Leslie:rolls eyes impoverishly Miles: I don’t know who you are, where you come from, your religion, your political ideology or any of that, and I don’t care. I wanna be your friend, and that should be enough. Leslie:lowering her guard You’d be friends with a two-bit thief like me? Miles:with reassuring confidence With a resourceful, unscrupulous marketing queen like you? As sure as Rothbard’s critique of central banking I would! Leslie: Still don’t know what you’re on about but, spits into hand I swear by Sid Vicious’ guitar strings I’ll be your mate if you’ll be mine. Miles:spits into his hand as well Deal. On one condition. Leslie: What’s that? Miles: No more stealing. Not when you’re with me. We’re a team now, and we help each other out right? Leslie: Fine. Guess now that I’ve got stock in a major beverage company I can only go up from here. Miles: Only pure profit from here partner! Leslie: Then let’s shake on it. Miles/Leslie (simultaneously):shaking hands At 20%, 30%. Miles/Leslie: 15%, 25%. Leslie:grips his hand You’re supposed to meet me halfway you greedy pig! Miles:grips hers back You’re supposed to negotiate better you snotty welcher! Leslie:grips him harder than the Federal Reserve Halfway Miles, before I unionize. Miles:surrenders to worker’s rights Fiiiiiine, 20%, final offer. Leslie: pops his knuckles Miles:takes his hand back yelping ow ow ow ow ok ok, 25% 25%. Leslie:smirks like the cocky Brit she is Pleasure doing business with you Miles. Miles:nursing his credit card hand The pleasures all mine. Leslie: Wait, if I can’t steal, how’re we gonna get more lemons? Miles: Well, if we factor in the increased cost of production and labor, we have no choice but to double the price of lemonade then use the excess earnings to re-invest... Leslie:gathering the remaining batches Yea, yea, yea I get it whatever let’s go. Miles:watching her with non-economic curiosity Right behind you, friend. Epilogue Allies: Ernst Hansel Gorbach: German-“Bavarian, but there’s only one Germany”-American, son of retired U.S. general and stay-at-home mother, “By the Kaiser!”, the most hardcore Lutheran you’ll ever meet, Aryan poster-boy, bit of a killjoy, surprisingly good singer, “Hitler was a cuck,” would simp for Wagner, slacks and tucked-in button-up shirt, 6’ 2”, “no hand-holding till marriage >:(,” 18, virgin (obviously), rugby, race-realist, HOI4, “wish I was home uniting the German tribes rn” Belligerents: Teenage insecurity Scene 1:Back on the cruel streets of American suburbia. Leslie:packing up the stand I can’t believe it. Miles:flipping through themodeststack of money That capitalism works? Leslie: No, that people bought lemonade for two quid. Miles: Exactly! Leslie:scoffs Selfish cock-up. Miles:shrugs It’s not selfish if people buy it. Speaking of which, here’s your cut. Leslie:counts it multiple times in disbelief (and poor math skills) Blimey, is this all for me? Miles: It’s eighteen dollars, Leslie. Leslie: That’s more than I’ve made all my life! I’m rightly chuffed I am, wait till my mum hears about this! Miles:smiling I’m glad Leslie, thanks for doing this with me. Leslie:returning the smile Happy to help Miles! Let me know if you ever wanna do… this… again. Ernst Hansel Gorbach enters stage right. Leslie:turns away bashfully after being rendered breathless by Aryan Prime Ernst “Hans”el Gorbach:stops his bike in front of Miles Picking up the pieces of another failed venture, eh Miles? Miles: Ackchyualy my dear Hanso, you just missed the opportunity of a lifetime. My newest creation was a tremendous success. Hans:looking at the shabby remains of a shabby lemonade stand before finally noticing the weird flat-chest I’m sure it was Miles. Who’s your newest sucker partner? Miles: Oh, this is Leslie, my business partner. Say hello, Leslie! Leslie:turns around slowly, avoiding his gaze while robotically extending her hand H-hi. Hans:gives her the once-over before gingerly shaking her dirty hand How do you do. Leslie:turns away as her cheeks turn into a bed of roses Miles:oblivious Hanso, I’m telling ya’ man. This stuff we made, perfection man, perfection. Hans:authoritative snort Is that true, Leslie? Was the stuff actually good this time? Leslie: Uh, y-yea. It was. Hans:race realist eyebrow raise I see. Well, I guess I’ll have to try it some time. Miles: You can try it after church tomorrow. You coming? Hans: Yea, I’ll be there. Is your friend going too? Miles: Nah, I don’t think… Leslie:blurting I’ll be there! Miles:socially confused But I thought you said… Leslie:turns around That I wouldn’t miss it for the world? You bet your arse I did! Hans:momentarily meets her eyes before casually turning away Right. Guess I’ll see you both there. Miles: Yea, I guess you will. Coming for casserole afterwards? Hans:getting back on his bike Sure. Leslie:hot mess I’ll see you there too! Hans:slow nod Cool. Catch you later Miles. It was good meeting you… uh? Leslie: Leslie. Hans:quietly Leslie. See you tomorrow.
February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later. April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD) June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’ July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established August —Bitcoin protocol bug leads to emergency hard fork December — Satoshi Nakamoto ceases communication with the world
January — One-quarter of the eventual total of 21M bitcoins have been generated February — Bitcoin reaches parity for the first time with USD April — Bitcoin reaches parity with EUR and GBP June — WikiLeaks begins accepting Bitcoin donations June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines October — Litecoin released December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.
May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue July — Government of Estonia begins incorporating blockchain into digital ID efforts September — Bitcoin Foundation created October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service November — First Bitcoin halving to 25 BTC per block
February — Reddit begins accepting bitcoins for Gold memberships March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike. May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70 June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder July — Mastercoin becomes the first project to conduct an ICO August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform” December — The first commit to the Ethereum codebase takes place
January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami February — HMRC in the UK classifies Bitcoin as private money March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger” June — Ethereum Foundation established in Zug, Switzerland June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap October — ConsenSys is founded by Joe Lubin December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments
January — Coinbase opens up the first U.S-based cryptocurrency exchange February — Stripe initiates bitcoin payment integration for merchants April — NASDAQ initiates blockchain trial June — NYDFS releases final version of its BitLicense virtual currency regulations July — Ethereum’s first live mainnet release—Frontier—launched. August — Augur, the first token launch on the Ethereum network takes place September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss November — Announcement of first zero knowledge proof, ZK-Snarks December — Linux Foundation establishes Hyperledger project
January — Zcash announced February — HyperLedger project announced by Linux Foundation with thirty founding members March — Second Ethereum mainnet release, Homestead, is rolled out. April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic July — Second Bitcoin halving to 12.5BTC per block mined November — CME Launches Bitcoin Price Index
January — Bitcoin price breaks US$1,000 for the first time in three years February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later March — Multiple applications for Bitcoin ETFs rejected by the SEC April — Bitcoin is officially recognized as currency by Japan June — EOS begins its year-long ICO, eventually raising $4 billion July — Parity hack exposes weaknesses in multisig wallets August — Bitcoin Cash forks from the Bitcoin Network October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis September — China bans ICOs October — Bitcoin price surpasses $5,000 USD for the first time November — Bitcoin price surpasses $10,000 USD for the first time December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits
January — Ethereum price peaks near $1400 USD March — Google bans all ads pertaining to cryptocurrency March — Twitter bans all ads pertaining to cryptocurrency April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year April — EU government commits $300 million to developing blockchain projects June — The U.S. Securities and Exchange Commission states that Ether is not a security. July — Over 100,000 ERC20 tokens created August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange October — Bitcoin’s 10th birthday November — VC investment in blockchain tech surpasses $1 billion December — 90% of banks in the US and Europe report exploration of blockchain tech
January — Coinstar machines begin selling cryptocurrency at grocery stores across the US February — Ethereum’s Constantinople hard fork is released, part two of Metropolis April — Bitcoin surpasses 400 million total transactions June — Facebook announces Libra July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain” August — Ethereum developer dominance reaches 4x that of any other blockchain October — Over 80 million distinct Ethereum addresses have been created September — Santander bank settles both sides of a $20 million bond on Ethereum November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
We are among the top 35 Block Producer candidates. EOS.fish is enthusiastic about building the EOS community, educating everyone interested and catalyzing the global rate of adoption. We regularly host meetups of our own yet still go out of our way to attend other worldwide conferences to spread our message and help others meet the innovation of EOS. EOS.fish will be in attendance of the EOS Community Conference in Seoul, South Korea. In Seoul we will be working as a team to welcome new community members, inform interested participants and expand the reach of the EOS platform. It would be a pleasure to meet you and welcome you to our fishie family. The conference duration will run over the course of three days, July 19th to July 21st. Node One will be hosting this conference featuring hospitable accommodation as well as helping potential visitors acquire the legal paperwork and visa to visit. Meet EOS.fish. Our co-founders will be making an appearance at the EOS Community Conference where they hope to meet you and welcome you into the world of EOS. Our founder, Chun Wang, is also the co-founder of the world's largest mining pool, F2Fpool. F2Fpool was started in 2013 and has already mined nearly one million bitcoin, ten million litecoins, and four million ether. Marshall Long, our co-founder, began mining in 2009 and held a significant role in the adoption of Bitcoin and the spread of its success. Marshall is also the CTO of Final Hash, another leading mining pool. We have a lot of expertise and experience in the field of cryptocurrency, facilitating us in informing and growing the EOS community. We have an EOS wallet that you can check out called the Fishlet; a secure, transparent and fast means for you to store and sell your EOS. If you would like to learn more about us, EOS or the future of Blockchain then come meet us at the EOS Community Conference in Seoul, South Korea.
Released List of Satoshi Roundtable Attendees Gathering this Weekend
Satoshi Roundtable II This weekend a group of blockchain and bitcoin industry leaders gather again for the Satoshi Roundtable (satoshiroundtable.org) retreat. Participants in the second Satoshi Roundtable include developers, CEOs, investors, adopters and influencers from the blockchain and bitcoin world. The retreat is limited to approximately 75 attendees and designed to encourage organic, participant-driven discussion free of the distractions of a conference. Sessions include several topics of overall blockchain interest and a roundtable discussion on bitcoin capacity. Please provide any suggestions you have for areas of discussion/ focus. Partial list of confirmed participants: Gabriel Abed, CEO, Bitt Charles Allen, CEO, BTCS Gavin Andresen, MIT / Bitcoin Foundation Adam Back, President, Blockstream David Bailey, CEO, yBitcoins Mike Belshe, CEO, BitGo Patrick Byrne, CEO, Overstock / T0 Michael Cao, CEO, zoomhash Dave Carlson, CEO, Mega Big Power Daniel Castagnoli, CCO Exodus Sam Cole, CEO, KNC Miner Matt Corallo, Core Developer Luke Dashjr, Core Developer Anthony Di Iorio, CDO-Toronto Stock Exchange, Founder-Ethereum/Decentral/Kryptokit Joe Disorbo, CEO, Webgistix Jason Dorsett, Early Adopter Evan Duffield, FoundeLead Scientist, Dash Andrew “Flip” Filipowski, Partne Co-Founder, Tally Capital Thomas France, Founder, Ledger Jeff Garzik, Founder, Bloq Yifo Guo, Tech Develope Early Adopter David Johnston, Chairman, Factom Samy Kamkar, Super Hacker Alyse Killeen, Partner, Venture Capital Investor Jason King, Founder, Unsung Mike Komaransky, Cumberland Mining Peter Kroll, Founder, bitaddress.org Bobby Lee, CEO, BTC China, Vice-Chairman of the Board, Bitcoin Foundation Charlie Lee, Director of Engineering, Coinbase/Founder of Litecoin Eric Lombrozo, Founder, Ciphrex Corp / Developer Marshall Long, CTO, Final Hash Matt Luongo, CEO, Fold Jake Mazulewicz, Ph.D. JMA Associates (guest speaker) Human performance researcher Halsey Minor, CEO, Uphold / Founder of CNet Alex Morcos, Hudson Trading/ Core Developer Neha Narula, MIT, Director of DCI – Digital Currency Initiative Dawn Newton, Co-Founder, COO, Netki Justin Newton, Founder CEO, Netki Stephen Pair, Co-FoundeCEO, BitPay Inc. Michael Perklin, President, C4 – CryptoCurrency Certification Consortium / Board Member, Bitcoin Foundation Alex Petrov, CIO, BitFury Phil Potter, CFA, Bitfinex Francis Pouliot, Director, Bitcoin Embassy, Board Member, Bitcoin Foundation JP Richardson, Chief Technical Officer, Exodus Jamie Robinson, QuickBt Jez San, Angel Investor Marco Santori, Partner, Pillsbury Scott Scalf, EVP/Head of Tech Team, Alpha Point Craig Sellars, CTO, Tether Ryan Shea, Co-Founder, One Name Greg Simon, CEO & Co-Founder Ribbit! Me / President, Bitcoin Association Paul Snow, CEO Factom, Texas Bitcoin Conference Riccardo Spagni, Monero Nick Spanos, Founder, Bitcoin Center NYC Elizabeth Stark, Co-Founder & CEO, Lightning Marco Streng, CEO, Genesis Mining Nick Sullivan, CEO, ChangeTip Paul Sztorc, Truthcoin Michael Terpin, CEO, Transform Group Peter Todd, Core Developer Joseph Vaughn Perling, New Liberty Dollar Roger Ver, CEO, Memory Dealers / Bitcoin.com Aaron Voisine, CEO, Breadwallet Zooko Wilcox, CEO, Z Cash Shawn Wilkinson, Founder, Storj Micah Winkelspecht, CEO, Gem Also, representatives from Blockchain, Bain Capital Ventures, Mycelium, Fidelity Investments and others.
I just wanted to take the time to extend u/rrockwe1's interpretation of the game, as it was succinct and similar to where I instinctually landed. Actually, this turned into more of a provocation - I'm looking as to whether this is even the right direction rather than if I've stuck all the details. Sloppy, I know. https://www.reddit.com/NeverBeGameOvecomments/bfzd79/the_ruse_is_the_lack_of_ruse/ Conspiracy is the "heart of the MGS" series, but I would add - as it's flavored by the technological mediums we partake in. The games are not traditional games but loosely connected simulations to discover a conspiracy and the power dynamics of those involved at the top of it. Not unlike our own world. Setup: To start, I would highly recommend everyone on this sub to check out Dan Carlin's SuperNova in the East episode 1. The "incidents" he talks about each play out like a Metal Gear game. We can't forget that Kojima, born in 63, is reacting to events that happened in the immediate generation prior, as we all do. Think Marshall McLuhan's idea of the rear-view mirror while listening. For this interpretation, the relevant takeaway from the podcast is that due to the changes in communication technologies from the industrial revolution, the equilibrium for conflict settled into subterfuge. It was when Japan became sloppy with this new normal (like a winning poker player staying at the table for too long) and accidentally ushered this country towards the most important identity-altering period (WW2) since the Meiji Restoration. For Kojima, I'm imagining/empathizing that if you don't understand this phase shift you don't understand your reality, an American reconstructed post-nuclear Mc-Meiji mess. Now how does this relate to us internetted folk with our new communication mediums? Id love to also introduce this sub to Jordan Greenhall. In the linked post, he goes on to analyze the QAnon phenomenon and is able to abstract some properties that are very reminiscent of what I experienced through NBGO.
Q is the most recent and most important example of a widely distributed self-organizing collective intelligence. We’ve actually seen many precursors. Cicada 3301 is a famous example. Even the I Love Bees ARG for Halo 2. Perhaps Bitcoin is the most important precursor to Q. These “self-organizing collective intelligences” (SOCI), are a new kind of socio-cultural phenomenon that is beginning to emerge in the niche created by the Internet. They involve attractive generator functions dropped into the hive mind that gather attention, use that attention to build more capacity and then grow into something progressively real and self-sustaining. The Q SOCI is, for the most part, about sensemaking. It is combing through the billions of threads of “what might be real” and “what might be true” that have been gathered into the Internet and it is slowly trying to weave them into a consistent, coherent and congruent fabric.
I, like u/rrockwe1, think this ruse was designed. Meta-gaming design is not unheard of in videogames before as another favorite game of mine, FEZ, pulled a similar move in a simpler form. Also a Gamasurtra article on the design style:
"There's a fourth really big influence that I haven't been honest about," Fish continued. "Myst. There's a lot of Myst in Fez, in fact I'd call it a 'Mystroidvania.' It's a huge open nonlinear world, with lots of super obtuse metapuzzles everywhere. The world has its own alphabet and numeric system." "I don't know if that is still going to fly today, that's a school of design that's really very old school. There's a high barrier of entry for that second part to the game, and I hope there will be things that will take internet forums weeks to decipher. I want people to talk about that weird thing that they don't think they were supposed to find in Fez."
To begin: Now we all know Kojima has had mixed feelings towards his own series as he's intended every MGS from 2 onward to be the last in the series (most likely returning due to corporate pressure). This quote from 2014 about MGSV is telling:
"So in a way I guess I'm taking advantage of that to try new things, because every time I work on any game, be it Metal Gear or something else, I try to make new things. So for me, my challenge right now working on Metal Gear is, while preserving the elements that make it Metal Gear, to do all the new things I really want to do."
He's kept things new by innovatively making marketing Metal Gear part of the game experience; bringing an added self-awareness to gaming, fandom, and technology. While the Fez Meta-game was designed to solve newly enabled internet-forum-oriented puzzles, the metal gear Meta-games have been much more difficult to interpret, as they are often part of the artistic statement. However, Kojima has deliberately moved "the game" aspect to encapsulate before, during and now After release*.* Thus as this relates to MGSV, I believe NGBO and similar sensemaking forums will go down as part of "the game" just as much as we can easily state that Metal Gear Marketing before release has been part of each other game in the series. What is MGS2 if you didn't pay attention to the codec briefing marketing of the game. For me though, MGSV is an artistic attempt whose meta-game is an attempt to implode the series's own need for more Canon while simultaneously commenting brilliantly on the reality around him. Imploding Canon - Kojima on Fandom Can the quest for further interpretation fuel and mask different needs (like a need to simulate violence) and can that devolve into self-defeating patterns or as Skullface put it "an endless loop of action and reaction?" Do we play metal gear to gain an understanding of Kojima's critical worldview (anti-war, anti-nuclear, anti-authority themes) or to get gratifying rushes of pixelated violence that glorify what he condemns? These questions are what have plagued the metal gear universe, with the "action and reaction" being fan adulation of a new installment in the series -> leading to corporate pressure -> leading to another unplanned sequel with an intended aesthetic to make us realize the absurdity of the universe he's constructed -> only for our interpretations to fall partially flat on release -> leading to fan adulation... However, this exact dilemma we fans face when playing a metal gear game is nearly identical to those the characters face in MGSV. The need for more canon becomes self-defeating for the likes of Kaz, Venom, and SkullFace trying to enact revenge. Kaz and Venom need the canon to continue so they can manifest new objects for their revenge - which is the intent of the drawn-out nature of the second act. We, as players, seek something as deeply unmet as the characters in MGSV's need for revenge is. This juxtaposition is an attempt at making you self-aware about this - to reflect back the tragically flawed state its characters inhabit on to you and draw the connection to your fandom. This is a game not lacking in canon but is anti-canon. Canon that consumes the need for further canon. The only constructive answer he gives is "to exit", which is embodied via Quiet's character. Quiet, written, displayed, and expressed with purposeful alignment to nearly every stereotypical Videogame trope on women, is a prisoner of the medium she's embedded within. She exits her role within the canon when sexually assaulted by a soldier (a proxy for videogamers at large) or to put it another way, when her role was taken to it's extreme (shock therapy). We need to do the same as Metal Gear fans who are cast within the game as Venom. With his anti-canon deployed, Kojima can now "exit" in peace that the series is put to rest psychically for fans. Instead of clamoring for more. How "to exit" - or how Kojima prepared me for the 21st century MGSV's narrative is bare bones on the surface but speaks volumes to hardcore Metal Gear fans. You, as part of the most knowledgable/obsessive sect of Metal Gear fans, know something is up with this game. Something hasn't sat right in your gut and it continually doesn't sit right. Thus, you naturally sought solace and understanding within a place like NGBO. We came together and exhausted every possible interpretation we could think of as to what this game is. We started doing the homework, building our best ideas and challenged simplistic notions. This collaboration via learning to definitively seek truth as a group is the point of the Ruse Cruise and serves as the antithesis of MGS2's outlook. Now if you are Kojima, what would build this muscle the best within your fans?
Create a conspiracy, reveal its truth, and reward fans for their hardcore vigilance
Fabricate all the necessary parts for the facade of a conspiracy yet deliberately having none to force fans through the emotional ringer of figuring out what is true. A gaslighting job.
For me, I settled on it being the latter which truly pushed me as to what was healthy, valid, and useful to believe in. The meaning and wisdom from this game was transmitted/felt for me once I "exited" and realized the insanity I let myself believe. In this interpretation, we serve as art form to others - showing what happens when a fanbase loses its collective mind and pieces it back together again. Now, why would anyone want to encourage this group behavior? Marshall McLuhan has another nifty quote that points us in the right direction with this:
"World War III is a guerrilla information war with no division between military and civilian participation."
There's this running joke within the ChapoTrapHouse fan community (not a fan, I just observe where metal gear gets talked about) that life is beginning to resemble a Metal Gear game. Biologically genetically altered dystopia, check. Insider leaks of grand governmental conspiracies, check. Zany political characters seizing power, check. Metal Gear Solid V's Ruse cruise was a simulation for a reality that's to come/is here like how MGS2 was a simulation for MGS1. We know we are lied to by authorities and we know the internet is a mess at being an alternative. Thus, Chaos. For Kojima, my guess is that he wanted to kickstart a version of grassroots behavior that will be important in combatting this "truth recession," because telling us via MGS1-4 doesn't seem to work in changing people's behavior, we have to actually crash and burn in doing it. WW3 is here, we got a slice of training. Thanks For the Read :) Also, (my edgiest take is that I think he's embodying his own vision from MGSV. Kojima is Ahab/Venom for Death Stranding's development).
A while ago I looked into the Blocksize debate and with the information then available and the arguments pushed by Classic, I felt like I saw the light. I joined /btc, installed bitcoin unlimited and later Bitcoin Classic and felt good about it.
My reasoning was very simple: 1) My transactions got stuck from time to time and I got annoyed waiting for confirmations. 2) I believed that just increasing the blocksize would solve the issue, everyone can handle 2MB right? 3) I didn't like the fact that a lot of Core devs were all working for the same company (Blockstream) and at that point I believed the goal of Blockstream was to create a LN with paid subscription, which was mentioned a lot of times on /btc. Trying to force the average user off the blockchain. 4) I didn't like the moderation on /bitcoin.
What I've come to realize in the last week: 1) After reading the arguments by Peter Todd and other core devs in regards of the scaling it makes sense. You can't keep increasing the blocksize, it's the wrong approach. Bitcoin by itself will never be able to handle the amount of transactions Visa can. 2) I like the fact that the Core team took the time to have a meeting with the big miners and some other big players in the market to come up with a consensus that neither side is happy with but both can live with. (that shows that it's a real consensus and not someone bullying the other one in a bad agreement) 3) If you try to read /btc it's always the same, excuse my French, circlejerk. Always boiling down to the same issues they have with Core and Blockstream, instead of trying to focus on something positive. After reading this post about one of the main guys behind Classic, I started to have a bad feeling about it. 4) /btc tries to take pride in the fact that there is no real censorship, try to make 1 post where you something remotely positive about Core (not even related to the issues with Classic) and you'll get downvoted to oblivion, it's just another type of censorship. 5) The fact that one of the Blockstream employees, Mark Friedenbach, didn't like the consensus and was open about it, showed to me at least that there is more going on than just Blockstream trying to push their agenda and that they do have, for now, Bitcoins best interest in mind. 6) There is still room to grow if we can fill those empty blocks being mined and Antpool that only fills to 730kb, that should be more than enough until segwit comes out.
Other reasons why I switched back: 1) Core has a lot more combined programming experience than Classic, I'd rather have a team that has the experience since they will see most potential issues from miles away. Note: Gavin is not an active programmer anymore and so he has nothing to do with Classic code. 2) Some wallets will immediately implement Segwit as soon as it's in production and anyone aware of this will use it to get in the next block. I see a lot of people immediately using this which will decrease the mempool. 3) 1 year is long, I admit, but if you've ever been involved in a complicated software project you know that you need enough time to test and prepare all the clients, make everyone upgrade. There will always be nodes that "forget" or just don't upgrade. 4) Just increasing the blocksize doesn't work, you need an alternative, LN is the only real realistic solution I see. I don't see 16 MB blocks happening. 5) The Classic community is really small actually, but very vocal and negative. Just check the posts on their page, either extremely negative, trying to find some words they can twist from someone to make it seems they are evil, or the other posts are just that they mined a couple of blocks with a very limited amount of support. 6) The Vocal leaders of Classic Olivier, Brian, Marshall, Roger, either don't have any coding experience, don't understand the impact or they are just not people I want to associate with.
TLDR; I'd rather be in a positive community and I believe that the roadmap proposed during the roundtable is the way to go forward.
Request to Roger Ver: Please remove 3xploit as a moderator of /r/btc. Anyone who upvotes this post is showing their agreement with this request.
Reposting this here because it was censored from /btc. For those that are not aware due to the censorship going on here (yes, I thought this was a censorship-free sub too), 3xploit also known as Marshall Long has a long and scam filled history in Bitcoin. There is no reason he should be a moderator of this sub or be playing a lead role in Bitcoin Classic development. To summarize:
He Co-founded Cryptsy as CTO. Cryptsy later lost 100% of their "cold storage" reserves due to a completely preventable security failure. When this breach occurred, Cryptsy's only immediate action was to cover everything up and act like nothing ever happened.
He acted as "distributor" for Mining Asic Technologies, an obvious scam to most. MAT went "bankrupt" before preorders were delivered. 
He did marketing for Ziftr. Ziftr is a shitcoin which purely relied on deceptive marketing to sell it's IPO. It was worded in a way that made people think the company issuing ziftrcoins would set a price floor far above the IPO price, just like Josh Garza did with Paycoin. This coin was supposed to be "pegged" at $1 per coin. It now trades for 1/500th of that promised value.
He was commissioned by his buddy Josh Garza to lead the initial development of Paycoin. He and his developer ended up just copy/pasting Peercoin and changing a few lines of code. Despite it being nearly identical to Peercoin, Paycoin catastrophically failed a few days after launch and the entire Paycoin network had to be temporarily shut down. 
He and his buddy Leo Iruke (CEO of Finalhash) were commissioned to draft Garza's escape to Dubai exit strategy.
Please also leave a comment and state whether you agree or disagree, please, so we can get a clear view what this sub-reddit wants. 3xploit being a moderator here as well as being part of the Classic development team is unacceptable.
What Has Trump Done to Protect My Rights Online? Well, Nothing. So...In running this Sub, and Writing Op-Eds Protecting the Truth, Protecting Trump, Going after Criminals, I've only Made Myself A Huge Target As A Deplorable. Trump, Et Al, Haven't Come To Rescue. Why Not?
... Why not? If he doesn't ever do anything for me, then my rights online are gone. I'll be targetted forever in many shitty ways. I won't be able to use amazon anymore because amazon and UPS and FEDEX and USPS are all anti-trump and basically going to fuck up my online deliveries. Walmart: probably same. Target is UK/Canada so probably the same. There won't be any online outlet to do online stuff anymore What else?
NETFLIX is DONE. Over. I won't watch their propagandistic nonsense. So that's 75% of my entertainment: gone
Amazon Prime is becoming netflix.
Don't talk to me about other services--they already blocked me because VPN and TOR
Using TOR makes me a target, I already know that.
Most of the news outlets, even 'alt right' like dailycaller block me in very weird ways. I've complained about it, but they've not fixed it
I've been booted out of comments, and then strangely let back in. I don't get it (DISQUS)
I can't use twitter because I threatened to stab a fictional person in the eye with a pickle, which is apparently hate speech and not protected satire or parody
I can't use youtube have my comments seen on youtube half the time, now I can't cut/paste into comments and sometimes they don't load
I would not be monetized on youtube if I started a channel
I get shadowbanned all the time on reddit
I've been kicked out of some reddit subs for my pro-trump stance using very thinly veiled ginned up excuses like posting an archive.is link (the_donald) to a true pundit article or posting a link to an article with a 'javacript attack ad', as if I had control over that.
I get targetted on reddit by mobs, like everyone
Now they are going to steal all the intellectual capital I've put into reddit, possibly editing my words to invert them and reweaponize them against Trump--thanks GDPR (GDPR is a very good thing btw--long time coming)
My friends are getting death threats
I got several (20) death threats on /conspiracy in 2016, 3mo before the election. What's the FBI doing about that?
I get my vehicles monkeywrenched
I found a police .45 caliber bullet in my truck--police issue because it doesn't have markings, according to a vet friend of mine. This happened the day after I went on a twitter rant about Christophre Wray of the FBI and sent FBI a bunch of links to Chris Wray articles where he's sitting on his hands
My credit card maliciously changed my address, causing transactions to fail.
The USPS failed to send me an absentee ballot so NO I did NOT vote for Trump, though I would have
Now the election board has turned me into an 'inactive voter' because I didn't vote....now I have to fix this.
My FOIA requests have been like pulling teeth, now asking for photocopies of 2 forms of ID
Google captchas fail on every site continually, meaning google is now fucking with me and forcing me to use chrome
Websites are constantly failing to load everything because I've blocked CANVAS FINGERPRINTING and WEBASSEMBLY so that I can get my privacy back. God knows what my browser was doing. Probably mining bitcoin for the elites who run those websites.
I know that these attacks suggest that I'm over the target, but that does NOT help ME at all. I know I'm doing this because the Truth demands it, but I've been doing this a long time and I'm starting to run out of steam. I've been a 9/11 truther since 2004 and I've lost a lot of friends foisting 'truth' on them. I know I'm right, and have been validated in 2016-2017 but again. IT DOES NOT HELP ME if I don't have someone who has MY BACK. When do I get someone who has MY back?
Where is Trump? Where are the US Marshalls stopping this bullshit? This is a level of harassment I've never seen before in my life. I trust Government institutions 0% But seriously. I hate to rant like this but what the f is Trump doing? We have collected mountains upon mountains of data and we all know that their side has committed treason beyond the shadow of any doubt. Instead he's just letting us flap in the wind, letting us hang out to dry, throwing us under the bus, using us as a human shield or a diarama / demonstrative human instrumentality for winning political points I know this is hard. But we have to see something happen soon or America will revolt Because people like myself are just not going to put up with this anymore. We're going to start engaging in very unusual nonlinear types of activities that can't be predicted with any of your stupid indept AI simulations...because humans actually get driven to insanity and logical systems can't predict that I'm not going to have anything to do with it, I'm going to do something very unexpected that won't affect anyone here, but I can assure you I won't be participating in the world economy at all, I will only sap it and increase my capacity to do it. Don't go turning me into a saprophyte when I've shown you many times I can produce profitized intellectual capital of great value to society---and it woudl be your mistake to not take advantage and put my production to 'wise use'--since like I said, there's an active campaign against me and others of my ideological bent to inhibit me from making use of said intellectual capital, and actively degrading my ability to a) communicate, b) gain employment, c) live life and interact with others, d) make money from home, e) conduct commerce online, f) conduct business through mail and delivery These things are not my fault. I'm under assault The government wont' help me, because it's attacking me. And it's attacking me because of TRUMP But he's not helping me either, so .... if you want me to give up on all governments in the world, then just keep not doing anythign and I assure you I will never trust Trump OR any government OR world government of any sort and I will become 100% feral Balls in your court guys. Protect my rights and do it RIGHT.FUCKING.NOW or I will consider you forever irrelevant UPDATE And if I just want to check out, for example, and go on a long walk in the woods hoping they'll forget about me, I now have to worry about 5G towers targetting and zapping my G D brain, or satellite DEWs doing the same, or agents sneaking up--for example that hot hippie girl I met who put strichnine in my cocoa. I'm not ever going to be safe if Trump loses or is assassinated But guess what? Neither is 60% of the country. Everyone's going to be unsafe if we let the criminal run roughshod over the whole world like they've done Time to make arrests. Don't worry about elections, they'll be irrelevant if they're always under the control of institutional corruption
Focus on the vision for Bitcoin, not just its price.
Preamble The purpose of this post is not to discourage enthusiasm over the recent appreciation of Bitcoin. Everyone here is excited, and rightly so. I’ve put this together because I think people are getting a bit caught up in price mania and losing sight of the bigger picture. The ideas I’ve pulled together here are pretty condensed as it is, so unfortunately I have no TLDR. I don't claim to have a prophecy to share, or concrete answers to questions about where Bitcoin will go in the future -- nobody does. But that doesn't mean there's nothing to talk about. I would suggest reading slowly and giving your imagination time to picture or "render" things. There is no other way to grasp Bitcoin. Final preamble: I know there are people in this sub who are here just for the gains -- they freely admit it, and they laugh at how "true believers" will be left holding the bag when they sell. My hope is that those of you who feel this way will have an open mind. You might see things in a new light, who knows? Here we go… The Medium is the Message In the 1960s, a Canadian professor named Marshall McLuhan became widely known for his thorough analysis of the evolution of communication technologies. His central precept was that communication technologies have dramatic effects on populations regardless of the content they carry at any particular moment. The radio, for example, allowed private microphones to broadcast to widely distributed speakers, which enabled the amplification of private viewpoints on a public scale. This had profound effects on society that played out regardless of what particular messages were carried over particular radio frequencies at particular times. McLuhan’s famous aphorism, “The Medium is the Message,” is a distillation of this precept. In point form: 1) each new communication technology changes the environment into which it is introduced; and 2) the net effect of a technology over time is both far more interesting and harder to discern than the effect of any particular use of that technology or phase of its development. In other words, it is harder to see the forest for the trees, but seeing the forest is everything. So: what effect will Bitcoin have on the world over the long run? What is the meaning of Bitcoin? The Roman Model To understand where we might be going, we have to first understand how we got to where we are. In the West, our societies are founded on the Classical traditions which were seeded in Ancient Greece and “scaled” so to speak in Ancient Rome. McLuhan had a lot to say about this from a technological point of view: The development of writing on lightweight media such as papyrus and parchment enabled the externalization of knowledge. Thus, the oral traditions of Ancient Greece were subsumed and replaced by written traditions which were far less lossy and could be refined over time. Writing on lightweight media also enabled the centralized control of vast resources over large distances, which would have been impossible using engraved stone or oral communication. This was perfected by the Romans and thrown into overdrive by Johannes Gutenberg's invention of the printing press around 1450. In its abstract form, the Roman model takes the form of bureaucracy – hierarchical organization -- and this model has underpinned the structuring of society in the West for the past two thousand years. Look up "org chart" on Google Images if you can't picture one. Our societies are comprised of org charts within org charts within org charts -- try the following searches on Google Images: military org chart, bank org chart, government org chart, university org chart. Everything in our society is centralized, bureaucratized, and nested within the context of the nation state which is run by a central bureaucracy called the government, itself divided into departments within departments, orgs within orgs. This is not to say that humans didn't organize hierarchically before ancient Rome -- of course they did, as do apes, dogs, chickens, etc. However, in a social hierarchy such as a tribe, there is a scale limit (Dunbar's number, 150) because each member must know his place and his role as well as the places and roles of all other members. The hierarchy lives inside its members' minds and looks more like a swarm than an org chart. Bitcoin is, of course, this type of network, where each node has full knowledge of the state of the network and participates in it voluntarily. Bureaucracy, on the other hand, is based on the writing down of roles (job descriptions) and makes people interchangeable. There is no limit to scale as long as you map everything out carefully (management). The lifeblood of bureaucracy is the transmission of written forms of information (paper-pushing) from the center to the periphery along defined, linear routes. Each node receives its orders, performs its specialized role, delegates if the role requires it, and then awaits new orders. Privilege and planning are concentrated near the center -- as is risk. These structures are inherently fragile and collapsible. If you undermine a high-value node as happened in the collapse of Lehman Brothers, the whole edifice collapses. The entire global financial system barely withstood the collapse of a single American bank - it is that fragile. Each nation's banking system is likewise a matrix of bureaucracies operating as a single, hierarchical supply chain whose product (the national currency) flows outward from a central node (the central bank) through successively less privileged nodes (investment and commercial banks) down to the level of branches and ATMs. At each level of the banking system, additional product is created and loaned out (credit/debt) using the productfrom the level above as a stake (fractional reserve lending). The banking systems are insulated from competition by governments through the decree that taxes must be paid in national currencies. And to keep the currencies moving, everyone is raised from birth to want more and then given the appearance of more through the creation of more by fiat, meaning by arbitrary decree, without any necessary connection to the creation of new wealth. This is inflation: the steady creation of new money to repay debt and keep the show going. It is a Ponzi scheme by design, and it relies the continued "buying-in" of young people in order to survive. Each national currency has value and utility only by decree and only within that nation's cell in the global mosaic. To move value from one nation to the next requires snaking it through tenuous international pathways, paying entrenched gatekeepers, and exchanging one national currency for another. You have to be somebody to access the banking system. The more somebody you are, the more access you get. It is principally through control of economic access that strong nations bully weaker ones, rich people bully poorer ones. There is tremendous pent up tension in our world as a result. This is where we are. The Center Cannot Hold McLuhan predicted that the advent of the electronic age and the emergence of global communication networks would lead to the dissolution of these centralized, bureaucratic structures from the bottom up. He died before the spread of the Internet but described the end result with crystal clarity in his writings. His vision of an interconnected world, which he called the "Global Village," is here now. Every person has the ability to broadcast information to others in their networks over the Internet. If a transmission is perceived as having sufficient value, the receiving people pass it on, and so on. Above a certain threshold of significance, transmissions are repeated by all people to all other people: this is virality and there is nothing that institutions can do to harness or stop it. The Arab Spring for example brought down an array of national governments in a span of months. Like a rising tide, global communication networks are bringing about an inevitable dissolution of the Roman model all around us: the music industry was upended by Napster; newspapers are being displaced by twitter and blogs; radio stations are being displaced by podcasts; broadcasters are being displaced by Netflix and YouTube; brick-and-mortar stores are being displaced by Amazon and eBay; AirBnb is gobbling up rental supply; traditional transportation services are being displaced by Uber; and now decentralized currencies are coming after centralized ones. Quoting W.B. Yates: “Things fall apart; the center cannot hold; Mere anarchy is loosed upon the world.” It is important to realize that even though the post-Dot-Com networks like Facebook and eBay were more effective than their institutional predecessors, they are still quite fragile since they are centralized. They can be hacked, compromised, back-doored, subpoenaed, or otherwise shut down. In contrast, a truly decentralized network is perfectly flat and impossible to shut down. The music industry could kill Napster by going after Sean Parker, but it cannot touch BitTorrent. True decentralization, at scale, is one of the principal reasons why Bitcoin is secure: whatever it becomes, it cannot be stopped because there is no center to hold, and nothing to attack. At this point, I think it makes sense to explain how Bitcoin works, and why it has value. If those questions can't be answered clearly, there's no basis for thinking Bitcoin will disrupt traditional banking. I do, however, think there are very good answers to those questions which I'll try to present below. Bitcoin and Blockchain Imagine you live in a pre-historic tribe of ten people. As a group, you need to find a way to keep track of who did what work, and in what quantity. In other words, you need an abstract “work unit” that can be traded for work and held for use in future exchanges. You could use shiny rocks or something else similarly rare, but people would still be able to cheat the system: why do actual work if you can simply go on a hunt in the forest and find new rocks? One solution is to create a ledger or list that keeps track of how many rocks each person has. If the ledger is the authority on who has what, people would not be able to inflate their balances by introducing new rocks or other work units from outside the system. The problem is, everyone has to trust the keeper of the ledger. If only one entity maintains the ledger, they ultimately control how much money everyone has (banks). Decentralization is the solution to this problem. You can write down ten copies of the ledger and distribute a copy to each person in the tribe. At the end of the day, everyone could cross-check the transactions that took place with everyone else and a consensus could be formed about who has what without appealing to a central authority. Eventually, the people might realize that the rocks themselves are unnecessary, and that it is actually the ledger that is important. The rocks, like all currencies, are meant to track work. If a ledger is already doing that, the rocks themselves become extraneous. The actual units of currency are the work units on the ledger. And if everyone agrees to use the same ledger, its work units have value. The blockchain is that ledger and Bitcoin is its work unit. Proof of Work In the illustration above we can see that the utility of a blockchain is that it enables distributed peers to prove to each other that they have done work, and to trade their work units freely without appealing to a trusted intermediary. The obvious next question is: what proof do we have that we can trust the Bitcoin blockchain? Bitcoin mining is based on a Proof of Work consensus mechanism. To put this as simply as I can, each and every mining node on the network is competing against the rest of the network to generate a small piece of data that proves it has performed an enormous number of computer operations using a batch of new, valid transactions as an input. The amount of work that it takes to successfully mine Bitcoin is dictated by how much computer power has voluntarily joined the mining network - and this is adjusted dynamically as miners enter and leave the network. Each operation requires a tiny bit of electricity since a computer must perform it, so as the difficulty of the Proof of Work operation scales, so too does the cost of generating it. As of writing, the Bitcoin network is collectively performing about 8,250,000,000,000,000,000 operations per second, and it takes an average of about ten minutes worth of this grind for a single node on the network to successfully produce an acceptable proof of work and add a block of transactions to the blockchain. The winning node is awarded new Bitcoin by including a transaction in its block that credits its own wallet -- now we understand mining. So you want to be a Bitcoin miner? Let's say you have a powerful gaming computer that can perform about 100,000 Bitcoin computer operations per second (a realistic amount by the way). It would have roughly a 1 in 82.5 quintillion chance of mining a block if you were to enter it into the mining race today. If you had a stack of 1000 of these gaming computers your odds of mining a block would improve to roughly 1 in 82.5 quadrillion. A million of them? 1 in 82.5 billion. Etc. Miners use specialize hardware to perform the computer operations, but the point still stands: it takes a staggering amount of computer power and thus a staggering amount of electricity to "get a word in" on the Bitcoin blockchain. But let's say you get lucky and are able to generate a proof of work. That proof of work will be tied inexorably to whatever batch of transactions you are trying to add to the blockchain since those transactions were part of the input of the computer operation. Your transactions must be valid or else the rest of the network would reject your work. You wouldn’t be able to double-spend, create Bitcoin by fiat, or spend from balances that you don’t have the keys for. The network would reject your block. The larger and more distributed the mining network is, the more cost-prohibitive it is to compromise it. In other words: the more people you have checking the ledger from different nations and backgrounds, the harder it is to override the distributed, international consensus. And that is why the Bitcoin blockchain can be trusted. It is audited by the largest computer network ever assembled and requires that an attacker control at least 51% of the network on a sustained basis. The Open Blockchain As more and more people use a blockchain, its units (e.g. Bitcoin) become more valuable. As the price of the base unit increases, it becomes more profitable to mine them at the prevailing level of difficulty, so more miners join the network. As more miners join the network, the level of difficulty increases and thus the robustness and security of the network increases. As the robustness of the network increases, it becomes more secure against attackers, so more users and investors are drawn to it. And so the price of the base unit increases. Which draws in more miners. Etc. The adoption of a blockchain, like the adoption of any currency, is a virtuous circle -- one that Bitcoin has been nurturing successfully for nine years without any existential catastrophes. Bitcoin's heartbeat, the mining of a new block every ten minutes, has not skipped a single beat in nine years. There has not been a successful double-spend in nine years. There has not been a single accounting error in nine years. No balance has been mysteriously wiped off the blockchain in nine years. This track record has been established despite the fact that the blockchain is not protected by a firewall, or an institution, or shielded in a vault. It is not buried underground, or protected by obfuscation. It is out there in the wild of cyberspace for all to see and attack, secured purely by Proof of Work and sheer scale. Bitcoin itself is valuable because it is the only work unit that can be included in a block of this particular, special blockchain: the open, global, transnational, borderless, censorship-resistant, permissionless, leaderless, most well-known, longest-running, and most-well-capitalized blockchain (credit to andreasma for this and many other insights). Because work units on this blockchain are scarce (per the 21-million cap), having the ability to sign for transfers of Bitcoin on the blockchain is a form of real control over scarce resources. This is the pivotal point: to the degree that people around the world adopt and learn to trust the Bitcoin blockchain, its work units will have value. And it is Bitcoin's openness in particular that makes it the prime candidate for filling this role. Any computer on the planet can join the mining swarm at any time, just as anyone can join the network as a user, at any time, from any location. Even the Bitcoin development community is open-source and open to new developers provided they can prove their merits. This is what is meant by The Open Blockchain: the Bitcoin blockchain is accessible everywhere and is open to anyone. It is welcoming. It enables people from different cells in the global mosaic to transact point-to-point, without snaking value through complicated interbank networks, without paying entrenched gatekeepers and intermediaries, and without having to convert from one currency to the next. If a country experiences a currency crisis, Bitcoin is a very real option because it enables people to transfer value out of hot spots and convert it into other currencies. The international monetary system is no match for this technology. Private blockchains are no match either. Bitcoin’s Monetary Policy Bitcoin is commonly referred to as "digital gold" since it is designed to function like a precious metal. The creation of new units follows something like the extraction curve of a natural resource. The issuance of new coins was steep at first but will taper off over time through successive “halvings” of the reward that miners receive for creating new blocks. Eventually, the issuance of new coins will approach an asymptotic limit of 21 million coins. At each "halving", the rate of inflation is effectively cut in half, though it decreases ever so slightly with each new block. The current rate of inflation is about 4%. At the next halving in 2020, the inflation rate will be about 2%. In 2024, 1%. Etc. The world has never before had access to a truly deflationary asset. Even currencies considered deflationary such as the Japanese Yen are not truly deflationary: the government can print an infinite amount even though deflation in Japan has inertia. Gold is not deflationary: new gold is mined every year. Bitcoin will eventually become truly deflationary, meaning the supply of available Bitcoins will contract year over year consistently. How is this possible, if there is no provision to destroy coins in the protocol? There is guaranteed to be a year sometime in the future where more coins are lost due to people losing their keys than new coins are created. It will happen. As the miner reward decreases, years like this will become more common. In the distant future, decades will go by where every year is deflationary, and eventually it will be practically impossible for the supply of Bitcoin to not decrease in a given year. Here is Bitcoin’s golden proposition: because it the first truly deflationary asset, it does not require interest payments or a never-ending influx of greater fools in order to provide a “yield” over the very long run. In the distant future, Bitcoin will have a low but predictable intrinsic expected return approximating its rate of deflation, as long as it remains secure. When you combine Bitcoin's monetary policy with its robustness through distributed Proof of Work on a planetary scale, you end up with the basis for a global reserve asset more effective than anything else humans have ever had a chance to work with, including gold. Gold is modestly inflationary, it cannot be transmitted over a network, and it must be centrally secured and accounted for. Bitcoin has already obsolesced gold as a reserve technology, let alone Ponzi currencies like the dollar - most just don't know it yet. As people come to really understand Bitcoin’s monetary policy, they will flock to it as a safe haven, especially in troubled economies. If we have another 2008, Bitcoin will be very much in play. Bitcoin as Money People argue that Bitcoin's deflationary policy, high fees, and volatility make it ineffective as a medium of exchange. If you can expect a Bitcoin to be more valuable next year, why spend it this year? If it costs $20 in fees to buy a $3 coffee, who will use or accept it? If its value can double in a day, who will set prices in terms of Bitcoin exclusively? The truth is, Bitcoin is not yet ready for mass adoption as a day to day currency or unit of account. Anyone who tells you otherwise is getting ahead of the technology -- but this is temporary. Just as the early Internet could only handle the transfer of simple text-based content but eventually scaled to allow everyone to stream 4k at the same time, so too Bitcoin will scale. The Lightning Network shows promise in this regard. It will enable and incentivize users to stake their Bitcoin on a second layer where payments are negotiated in a trustless manner between parties, instantly, and merely settled periodically on the blockchain. But even with today’s block congestion and high fees, Bitcoin is already cheaper and more efficient for large transfers of value than the banking system, especially internationally. People transfer hundreds of millions of dollars on the blockchain, securely, today. Regarding volatility, we are still in the very early phases of adoption. Something like 10-20 million people own Bitcoin worldwide. Because the supply of Bitcoin cannot inflate to accommodate increased adoption, prices will continue to escalate in logarithmic fits and starts as adoption ramps up exponentially. Look up "adoption curve" on Google. We are still in the very early phases of the ramp-up, but eventually the curve will taper off and approach something like stability. We do not know how this will play out or how long it will take, and there will be serious volatility along the way; but if Bitcoin scales into a robust transnational currency trading on thousands or tens of thousands of exchanges worldwide, it will likely become more stable than most national currencies if not all. Regarding deflation: over time, we will likely see new innovative uses of Bitcoin as a reserve for credit creation. People are clearly willing to operate in systems that use reserve-based lending, and they can work wonderfully: look at what humans accomplished in the 20th century! It is conceivable that Bitcoin could be used as a reserve for distributed, trustless, bank-like networks that issue their own tokens. We may end up using a modestly-inflationary cryptocurrency for day-to-day transactions and investment. There’s no way to know what people will come up with, but they will come up with things. And that is why Bitcoin must stay laser-focused on its role as the de facto reserve currency in the crypto-economy. A Vision Statement for Bitcoin Tying everything together: over the course of thousands of years, we have built our societies around the use of hierarchical principles of organization. These structures centralize control and privilege, but also risk. They are fragile. Too big to fail. The invention and proliferation of the Internet paved the way for the dissolution of these structures, and over the past twenty years we have seen countless examples of entrenched institutions being wiped out by flatter, more effective networks. Now we are seeing the early evolution of global, distributed, cryptographic value storage and transfer networks which will slowly displace traditional banking systems by offering faster, cheaper, more reliable routes, with better systemic risk profiles, infinitely better security, no access controls, and no entrenched monopolistic privileges over money creation. Bitcoin was the first mover in this space and remains the incumbent. It is a global, secure, consensus-based currency that was bootstrapped from the ground up by ordinary people volunteering to participate in its development, mining, and use. It has grown exponentially in size since its inception, to the point where it is now upheld by the largest dedicated computer network in the world. Because it is secured principally by its unmatched scale, it is therefore the most secure accounting system in the world, which in turn makes the entries in its ledger the most trustworthy on the planet. If you can sign for a Bitcoin in the network’s eyes, you own it -- and nobody can stop you from owning it or signing for it. Bitcoin is here, now. It is in the air all around us, accessible over wifi and cellular networks around the globe -- anywhere the Internet touches. The next time you walk down the street, look at the people around you. As they move through the air, displacing it with their bodies, recognize that they are literally wading through the Bitcoin network -- they just don't know it yet. Suggestions for New People 1) Focus first and foremost on the vision and take an interest in the technology. I have a friend who is talking about putting $20k into Bitcoin, yet only a few nights ago he didn't know that Bitcoin isn't a company, or that a block isn't a single transaction. I have another friend who owns a whole Bitcoin but has never initiated a transaction. A co-worker of mine just bought $100 worth of Bitcoin but doesn't know that a wallet is key management software. 2) Bitcoin is an experiment with no precedent. Nobody knows if it will survive, what it will evolve into, or how it will be used. Even with its long-running track record, nobody can say with prophetic certainty that it won't suffer a catastrophic failure of some kind, so put only as much money into Bitcoin as you can afford to lose. I would offer the following as a good rule of thumb: if you have a negative net worth (meaning your debts exceed your assets) be very cautious with Bitcoin, and at the very least do not increase your debt to buy Bitcoin. If you have a positive net worth, do not go negative to buy Bitcoin. Having said all this, do keep in mind that any currency can suffer a catastrophic failure, including the US Dollar. Remember 2008. Don’t fall for illusions of security. We are all sailing in little boats on a big sea. Diversify. 3) If you believe in Bitcoin, try not to obsess over the value of Bitcoin in fiat terms, as tempting as it is. Try to conceptualize its value on the basis of its potential utility in emerging decentralized networks and look for ways to use it in these new emerging ecosystems. Look up OpenBazaar for example - it could be the new eBay without an eBay acting as an intermediary. I strongly believe that owning Bitcoin is exciting because it sets you up to have a stake in this emerging ecosystem. If your aim is to eventually get your value out of Bitcoin in the form of fiat, you’ll be giving up that stake. If you don't care about having a stake and are here just for the gains, that's perfectly fine too. 4) Learn how to take possession of your private keys. If you don't know what that means or how to do it, learn what it means and how to do it. Until you can say with confidence "I alone own my private keys", you do not actually own Bitcoin and you do not have a stake. Someone else owns it for you. It took me two years of owning Bitcoin before I actually clued in and took control of my own, and that is what forced me to take on the Bitcoin learning curve. The good news is, you can too. (Edit: formatting)
Community-led Discord AMA Transcript - October 12th, 2018
On October 12, our CEO - Marshall, Director of Product - Patrick, Director of Business Operations - Kristal, and Senior iOS Engineer - Ephraim stopped by the community-led Discord channel to answer your questions. Here’s a transcript of the questions and answers.
meakkineni: Can you give us some Crumbs stats? Like the number of downloads, total amount managed by Crumbs etc
Patrick: Unfortunately cannot go into detail but we are into the thousands of users.
meakkineni: From the jobs postings looks like you are recruiting more people for Crumbs. Can you tell us about some of the exciting new features that are going to be implemented?
Patrick: Expect to see on-demand purchase of crypto bundles, mainnet deposits and withdraws, integration with Metal Pay, and more coins! Over the coming months, we plan to offer lower fees for MTL holders, unlock features, and more!
Abu: Is Crumbs going to include any gamification aspects in the future? How is the marketing strategy for Crumbs differ from pay?
Patrick: Yes, we will add an element of gamification in the future, the current focus is user acquisition Marshall: Yes big surprise coming here, but I'll save that one for later. the marketing strategy will be closely tied together for both apps as they are tied together, and you will see this from a technical and feature perspective as time progresses
On Metal Pay…
red: How come we don't have referrals yet? Are we holding the feature back for some reason?
Ephraim: Referrals is one of the most exciting features we have in the works, because not only is it a technical challenge on both front-end and back-end, but it also introduces a new way to earn Pop. In fact, we’re just about wrapping up and finalizing the details for this feature, while making plans to translate the tech to support even more ways to earn rewards in the app. Something to look out for in version 1.1.0 😏
flumpson: My biggest hurdle in getting people to sign up is that their bank doesn’t work. In my case it was Citi. When will there be router and account number signup for people who aren’t served by plaid?
Ephraim: Currently the app integrates Plaid, a bank-linking SDK that supports over 90% of U.S. banking customers and is used by some of the biggest names in FinTech. We are aware however that online banking is required with your financial institution, and one way around that is routing/account number input. This feature is on our roadmap as a new service that will verify your account via micro-deposit. TLDR; it’s definitely coming!
Mondo: How do you see Metal Pay taking market share from the more popular apps like Venmo and CashApp? What will convince new users to switch over?
Marshall: I really believe through innovation, amazing user experience and specifically the value proposition to users on new behaviors and new technology. Specifically, I believe PoPP and the interactions with crypto to be completely new behaviors that the mass market is yet to be introduced to. Being paid (currency not points) for making a payment? I think this is a new concept and one that Metal owns. What will convince them? This is the hard question. A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings). When I started this company I recognized that design, user interface, user experience, incentives, and proper information were the biggest holes in cryptocurrency. We are hitting on all of these pieces.
Mondo: “A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings)" - is there an estimated date for this campaign? I'm sure your community would love to help where possible as well.
Marshall: We are in the process now of smoke testing our campaign strategies, and we will certainly be involving the community as we begin.
biyamin: "I am not okay putting my social security number in [Metal Pay]. Is there another way?"
Ephraim: This is one of mostly heard feedback, and we’re aware of the friction it can cause among new users. However, it is due to our financial partners' requirements, U.S. law, and FDIC insured Cash balance (we create a bank account on behalf of users) that prompt us to ask for SSN during on-boarding. Rest assured, we have a plan in placed to make onboarding as streamlined as possible, especially when SSN no longer serves as a fool-proof means of identity verification, due to recent security breaches by large firms. Finally, we have in our roadmap to allow users onto the Metal platform with limited KYC. Marshall: Yes in the future you will be able to skip over this requirement, however linking in personal information will make you eligible for PoPP (this serves as the anchor), without it you won't be able to access those rewards and some special features like having a bank account with us.
jake_eisenberg11: When will Metal Pay release in New York happen?
Marshall: This is a tough one, it will happen upon one of two things coming to fruition. An exchange partner joins us who has a Bitlicense and will deeply integrate their back-end with us or us acquiring our Money Transmission License for NY and the accompanying Bitlicense (which if this is the case will take at least 1 year). That being said we're shooting for the former obviously, a partner to help us fast track and we've got a few in the pipeline
[A bunch of different people]: When will Metal Pay release in [insert location here]?
Kristal: I can assist with all the WHEN will Metal Pay release in MY STATE or COUNTRY. We have no firm timelines on either, but we are pursuing all states and expanding to Europe/Asia simultaneously… Ditto for Crumbs.
Jan: Quick one - Metal Pay debit cards?
Marshall: VERY SOON, it's next up on our feature roadmap
redruggles5: Really excited about Metal Pay for merchants, particularly micro-business. Are you able to tell us how that will look and where in the timeline that is? Do you have plans to integrate with current bookkeeping software like QuickBooks, plans for accepting credit cards/integration with Pay, etc? The biggest objection I get is in regards to integration with their current system, the ability to accept cards, addition of QR codes or another private way for customers to pay besides their phone number. Lastly, will there be a separate referral system for merchants?
Marshall: We are very excited as well, in terms of merchants we are going to start with the integrations into existing POS. Integrating with QuickBooks and Intuit are a must for crypto record keeping for S/M/L business, we have ambitious plans for this. Referral system for merchants via consumer - YES.
ekasu: Is there a possibility to increase the Metal Pay bank transfer speed (from 1 day or so currently to within the same day like Venmo) to increase competitiveness/attraction?
Marshall: Yes with Instant ACH for US customers, a feature we will be adding and is in the PF board on Jira
Bitcoinbella: Are there any plans for retail stores to use Metal yet?
Marshall: Yes, a big part of our plan of attack here is to launch first with the debit card so we can go anywhere Visa/MC is accepted. The next step is to go after small business with technical integrations through payment partners as well as simple QR codes at the register similar to Wechat/Alipay (China really inspires me). Technical integrations - this means WooCommerce, WordPress, Shopify, Authorize.net, etc, and for physical brick and mortar stores working directly with processors (lots of them see Square as a threat and are much larger, eventually Square will go to cut out interchange and stick it to the credit card companies, many partnership opportunities abound)
jake_eisenberg11: When cannabis merchant service?!?!?!
Marshall: We have pivoted away from high-risk merchants, that being said crypto is like cash and is permission-less. The bank poses no restrictions on what you do with cash withdrawn from the ATM unless you are doing something that could be considered illegal or pose harm to the bank. Very similar to us, replace paper cash with crypto.
ekasu: What is the deadline looking for these features: (a) transfer Metal to erc20 wallet/Metal vault; (b) use Metal Pay with merchants
Marshall: Mainnet deposit/withdrawal early end of this year or January. Metal merchants will kick off with our card integration for consumers, integrations for Merchant will start next year (upon hiring more developers) Glenn very early on built a very cool WordPress plugin for WooCommerce. These integrations for WP, Shopify, etc will come first and most likely early in 2019.
meakkineni: Looking at things so far, I have a feeling that PoPP score implementation has barely started. What is the time frame we are looking for it to go live?
Marshall: PoPP score is implemented just not integrated into the UI, this is a high priority one for us.
Decoder1: There's been talk about making the MTL token more prominent in both Crumbs and MetalPay. Some things which have been mentioned are discounted fee's, moving it to the top of the buy list, unlocking special features and obviously the increased POPP score which has already been confirmed. Are these still in the works or have they been shelved? If so are there any other bonus features Metal are considering?
Marshall: I'm really looking forward to adding these additional features to highlight the special function of MTL inside the Metal ecosystem of apps. Some things that have not been talked about yet are early access on special features for users with a MTL balance, gamified features to unlock surge PoPP, partner integrations and more.
NilesCrane: What will be the utility of the MTL token when other tokens are available to be popped? What will being the 'native currency' for the Metallicus apps involve and why would you expect this to drive the token price higher when other tokens are available in the same network? kt: When will we start to see some other utilities for the MTL token through pay and Crumbs etc, other than the existing PoPP mechanism, and what are they likely to be?
Ephraim: We have a grand vision of how Metal and Pop will play a role in your daily experience on the Metal platform. Although we can’t go into too much detail into the features we have in our roadmap, we can say that MTL token will be an essential part of the Metal platform and overall ecosystem. Earning Pop when making payments is the stepping stone to realizing this vision, as we become the best, most rewarding, and user-friendly payments/crypto platform on the market.
Deaethtofiat: Will Metal's [ticker] still be changing?
Marshall: That [$XMT] is something we want to do upon announcing our mainnet chain.
Tblgu: Did Metal pay a fee for Bittrex relisting?
Kristal: Simple answer is no. We haven't seen any American-based exchanges charging for listings, and we believe the Bittrex re-listing was based entirely on the merits of our company.
marc0o: I know it might take a while until Metal reaches Europe. My favorite and IMO very promising exchange (Lykke) often gets the question whether PayPal can be used to deposit EUR or FIAT in general. Do you think it would be possible and useful to partner up with exchanges to provide FIAT deposits/withdraws?
Marshall: Yes we absolutely do and are talking to top exchanges right now, there are so many exchanges that are crypto/crypto only and we think we make a very nice fit for an integration to be the onramp/offramp, p2p payments, spending and link to the merchant world. This is a critical part of our business model and so far we are seeing HEAVY interest.
lemme: Why is Metal selling so much $MTL from the operational pool for such a low price?
Marshall: Selling and spending are two different things, so I think one of the assumptions is that selling = spending which is not the case. Yes, we are selling MTL to fund our operating bank, but not spending it at the rate that we are selling it. We are doing this because of three reasons: (1) We raised a very small amount last year to build out our apps (which arguably we have delivered) $3m vs most crypto startups raising $20m+ and we have delivered much, much more. (2) We need to demonstrate a full year of burn in the bank account to close the audit. (3) We need to close the audit to retain our money transmission licenses to get all fifty states, Europe as well, in addition to certain features like in app-exchange that we do directly. We're actively growing the company and as soon as we close Series A we will stop selling and focus on accumulating (not only MTL, but certainly as much MTL as we can get our hands on while diversifying).
ekasu: How likely is that more MTL is taken out of the operational pool in the short term, which can decrease the price much more?
Marshall: MTL will be taken out of the operational pool until the successful closing of our financing round which we are in the process of right now
meakkineni: Have you come up with any other significant use cases for MTL apart from BNB style use case in Crumbs and building a better PoPP score?
Marshall: Yes, and you will be hearing more about that as we plan to release an updated paper showcasing the fully decentralized aspects of the chain we are building.
marc0o: I hope I remember it right. A while ago Marshall talked about Metal being a service targeting people that do not have a bank account. Is this still on the roadmap?
Marshall: Yes it is. I know it may not appear that way right now but I firmly believe a good product keeps a narrow execution and a large vision. So the first part of the network and what will eventually become decentralized is starting on the equivalent of testnet or centralized (this is not too different than Bitcoin or Ethereum in the early days). We’re starting with linked bank accounts and moving to keep that as an option that people can skip over and opt to choose a stable coin, all while creating a Metal profile and [obtaining a] PoPP score.
Parker: Would Metal consider doing token buybacks (a la BNB)? Are they even legal in the U.S.? Could doing so make Metal a security?
Marshall: As a company, we will buy different cryptocurrencies at different times depending upon the market situation, buying MTL is something that we will do, as far as any guarantee to x amount being bought back per quarter or percentage of profit, that is most likely indefinitely off the table for a US company.
CryptoSheffield: Do you “own” the PoPP concept?
Marshall: We own trademarks yes, the first mention of media and are working on a provisional patent. This type of thing is very hard to get a patent for even harder to defend right now.
Future: Some people noticed Sid no longer on the website. Has he moved on? If so what's the story there?
Kristal: Sid put together some beautiful designs and helped shape and create the early stages of Metal until it's launch. As we move into the next stage of post-launch, we amicably parted ways with Sid and wish him continued success wherever he goes. As a company, we're on the hunt for a Principal Designer to continue our progress on great design and user interface, to push us into the next phase of our product. Marshall: I'd also like to add design is incredibly important to me and the reason I hired Sid. If you follow my work from my first crypto/fintech startup I've always been a stickler for amazing user experience and design, specifically with Metal I'm going above and beyond and creating what I believe to be a work of art, something that will be on showcase in the Moma in 20 years from now on a design exhibit.
SciGuy: You guys still thinking of launching in Korea? Of all the places, this is where I'm actually going to be paying very close attention. Korea loves crypto.
Marshall: BIG TIME. We want to enter the Korean market ASAP as we know we have quite a few fans there. The goal is to quickly enter the international market by the end of this year. Now that Nebula is working the next hurdles are bank/FI partners, licensing, localization and marketing (its more complicated than that but those are the critical pieces to expansion). Keep in mind we will be allowing anyone in the world to sign up in the future and skip bank while choosing a stablecoin as their "bank" fiat choice. This goes back to the unbanked question. If we just release a crypto wallet and say tada we've banked the unbanked... have we really? I'm serious when I say it. And you can see it in the progression with our products and the vision. Gotta link existing banked citizens along with merchants and unbanked, they all must be in the same ecosystem. Otherwise, the dream can't become a reality.
andrea: I would like to ask about timing. I remember there was a talk about things that could be done before EOY such as new crypto implementing PoPP; debit card, series A round.
Marshall: Yes, I'm happy to say this is all on track. In terms of fundraising round, I believe the missing link for us is demonstrating user growth and b2b client acquisition, something we are working on fiercely right now. One of the things I saw in Dogecoin community that was really awesome was the involvement of the community in viral campaigns (especially for good) such as NascaJosh Wise, Doge for water, Sending the Jamaican bobsled team to the Winter Olympics.
nofomo: Anything you can share about things to look forward to before EOY? Any big partnerships, etc.? From a marketing perspective, are there ways that MTL can showcase or communicate SEC compliance more? Not to flaunt it, but as people scramble out of bad projects/Tether, etc., it might help to get more info out there. When Desk, and can we expect to see USD/MTL pairs?
Marshall: We have quite a few new features coming: PoPP in under ten minutes always, PoPP notifier so you can know if a payment is PoPP eligible, API for other companies (exchanges, cryptos, FIs), adding more cryptos for PoPP funnel, buy functionality, mainnet deposit/withdrawal. Partnerships we have a few big ones in the pipeline 😉 In terms of compliance I think our actions speak louder than words, we operated very differently than 99% of the other companies in the space and focused heavily on compliance in a rapidly evolving landscape. We were chastised initially for keeping the token offering private and to accredited but in the long run this was the correct way to operate and we're seeing that now. Desk/Vault is postponed until next year as we have more than enough to conquer right now on Pay/Crumbs... USD/MTL pairs, soon!!! Not just with us, but on other exchanges we anticipate.
meakkineni: Has any other banks shown interest in Metal lately?
Marshall: Yes, a few big ones, as well as smaller tier 2 banks
meakkineni: Is there any tangible benefit Metal has gained so far by sponsoring Necker Cup?
Marshall: Yes, quite a bit with partners we are in talks with now, in addition to bringing in investors in our next financing round... Not to forget influencers!
cryptoandcannabis: Is there any institutional support for Metal being shown, even in preliminary stages? Now that traditional asset custodians such as Fidelity are in the mix maybe MTL can become a slice of people's crypto asset class
Marshall: We are starting to see interest from the big custodians in the space, very exciting times. Fidelity recently entering has really helped this, in addition, several trust companies are opening up.
On Metal Blockchain…
1Chance: Will [Metal] consider supporting any of the stablecoins?
Marshall: Yes, all of the good ones we will be supporting.
Yannik: Will be some parts of the new Metal Blockchain open source? And based on Stellar?
Marshall: Yes it most certainly will be open source and anyone can connect to our public network. Based on Stellar? Where are you getting this information? 😛
Québécoiserie: Are you working on Metal Blockchain now or has it not started yet?
Marshall: We are in the very beginning phases and testing the assumptions for PoPP on our centralized back-end. Additionally, we are in the process of raising a funding round, The Metal Foundation will be running the open source initiative when we launch it next year.
Decoder1: There is a lot of talk about a Metal blockchain - this sounds exciting but also quite ambitious because it can take years to achieve the fine tuning and security required to develop a new blockchain. Would it be PoW? PoS? Wouldn't it be easier to build a side chain on Ethereum like Loom, or build something on Cosmos SDK to take advantage of existing layer 1 security solutions? If you plan to one day PoPP with other tokens Cosmos might be a good idea. My concern is that with a small team and many things like Desk, Merchant, revamped Vault, new features on the App, Android, new regions, that Metal might be biting off more than it can chew. So if you could elaborate more on these plans that would be great!
Marshall: This is a correct assumption and we are already doing a lot, there is a reason we have put Vault/Desk on hold while we focus on Crumbs and Pay. In terms of the blockchain side, we are staying agnostic and specifically with the consensus mechanism we are looking at lots of options. We will, without a doubt, be leveraging other chains for interoperability. Jae Kwon is a good friend of mine and I think Cosmos has a lot of potential (I'm an investor full disclosure), I also look at the work that has been done with Komodo leveraging the bitcoin blockchain, I find this very interesting as well. The idea here is that this will be a non-profit initiative under The Metal Foundation and not directly intertwined with Metallicus Inc. the private company.
meakkineni: Lately we have been talking more about Metal Blockchain than Metal Merchant. Has the focus shifted?
Marshall: The focus has not shifted, one of the things that did change from the inception of the project until now is that we've decided to stay away from re-inventing POS and merchant software, we feel that it is better to partner with processors than try to replace them ala Square
Sporklin: I did warn I came with a vital question. @Marshall Shoes, you are known in the crypto space for having good taste in clothes. What is on your feet at the moment?
“Whiskey and water. Leave the bottle.” The bartender produced the required glassware along with a flask of amber fluid, but made no move to open it and continue the procedure. After a few seconds of letting him stare at me, I sighed and dug out a bitcoin spear, twirling it between my fingers letting it drop onto the counter. The bartender performed a magic trick and made it disappear into a reader, eyebrows threatening to climb off his bald head at the number of zeroes on the tiny screen. Cash on the barrelhead always trumped whatever initial impression I made when walking into a new place. Quick as a wink the previous bottle was replaced with something a bit more top shelf - probably from his private stash - along with a bowl of cashews and dried wasabi peas. I didn’t care, top shelf was probably more than I deserved. Not that I was about to turn down the wasabi peas, mind you - they just weren’t the reason I came here. I was here to drink. And drink I did. A lot. A sip of whiskey each for those that marched in didn’t make it back out. Nineteen thousand brave men and women who went to the wall and held it, held it hard, just so that the rest of the world could keep on living. Heros each and every one of the, the best and finest soldiers I had ever served with. All dead. All dead. All because they followed me. The face that stared back at me from the mirror over the bar looked nothing like the man I remembered. This one had a haunted look of someone who had seen too much and couldn’t sleep afterwards. A man who drank to excess in an effort to forget and was failing miserably at it, but kept trying anyways. A man that led his troops into battle and wound up most of them killed. A man who stumbled out of the war zone, gathered up what was left, and led the charge back in. A man who sacrificed the finest men and women on the planet, but got the job done and lived to talk about it. I hated the man that looked back at me. I hated the fact he had been showered with medals and commendations and called a goddamn hero. He - I - didn’t deserve any of it. The ones that did got nothing but their name on a wall and an email full of platitudes to their families back home. A pittance to remember someone like Private Alimah Kerr, screaming as she unloaded her service weapon into the face of the thing that was chewing her leg off. Or Specialist Robert Hue who stood his ground as the aliens advanced, refusing to yield until he too disappeared under a wave of slobbering blue-green flesh before finally detonating his remaining grenades. The finest Humanity had to offer. And nobody to remember them but me and a handful of others that had walked away and then paraded in front of the media. Bastards, each and every one of us. Especially me. Survivor's guilt, they called it. The shrinks tried to convince me that I wasn’t at fault, but I knew better. They hadn’t been there, up close and personal with the aliens that came pouring through the gateway, howling and screaming for Human blood. Every single last one of them a whirling murder machine, all legs and claws and teeth, a dripping nightmare from the depths of hell. The good thing was they died just as easy as we did - only there was a lot more of them. The gateway had been yet-another attempt to create a working FTL system. In that regard, it is was a roaring success - and if the creator had survived the initial incursion, he would have won a Nobel Prize. Instead he became xeno chow along with rest of the scientists. The idiot never considered that there might be something waiting for us on the other side, ready to jump through and start fucking things up. Without thinking, he just opened a goddamn doorway to hell and invited the bastards in, leaving the rest of us to fight our way towards the portal and slam the thing shut before something worse came through. We won, of course. But it was a victory bought and paid for dearly, one bloody step at a time. I continued to drink, mentally calling out names with each sip. Victoria Smith. Mark Belzar. Sigivald Elwin. Andy Paz. I had memorized each of the nineteen thousand I led into battle and then left behind. Good men and women. I wish I could count myself among them. Instead I was left with nothing but their names and a fat bank account, courtesy of early retirement. That, and the memory of how I had took them right up to the gates of hell and told them to keep going. Their great commanding officer, the one they looked up to and expected to bring them home, safe and sound. But in the end, I wound up escorting them right to the gates of hell. If it made any difference I was right there with them, every step of the way. Lead from the front was always my motto. Do as I do, like this, here, you try. They loved me for it, and I loved them back, all of them. One big trigger-happy family. I waved at the bartender for another bottle, and he swapped out the empty one for me, setting another decanter of water next to it. I refreshed my glass and snorted at the label. “None Better” it proclaimed, in flowing gold script, winner of the ‘52 international. Perhaps. I couldn’t tell - it all went down the same, burning a line from my mouth to my gut like a tracer bullet. The soft bloom of warmth when it hit was a welcome relief, dulling the pain. If only it could dull the memory of what happened. We had been out doing maneuvers - mostly a show of force to remind everyone that the UN was serious about keeping the peace - when we got an alert indicating a hostile force at a nearby research complex. The day had been going good and I was pleased with how the troops were performing and gave the order to re-task and take back the facility. I assumed it was yet another terrorist action, a bunch of fucking losers following some jackass who thought he was the seconding coming and wanted to prove it by blowing shit up and lopping off heads. What those guys hope to accomplish by all of that is beyond me. Still, they always seemed to be able to gather supporters from those that had nothing else better to do. I guess vague promises of a glowing afterlife was better than dirty villages and crappy TV. On the surface it seemed like a run-of-the-mill op, just like all the others that we’ve been doing since the UNSOF was formed. Somehow the insurgents had managed to slip in and take over the lab before anyone noticed - which meant overwatch had been slacking off and needed a kick in the ass. I figured it would all be over pretty soon and the grunts could look forward to some well-deserved R’n’R afterwards while us command-types filled out paperwork. Just another day at the office, one step closer to retirement and that 30-foot boat I’d been daydreaming about. A little shock and awe and everything would be right on our corner of the world. Give the kids something to bullshit the starry-eyed civvies with back in town, maybe enough to impress the locals to come back their place and get all sticky together. I was just glad we mandated strict birth control, religious and cultural affiliations be dammed. The first indication it was not a terrorist group was when the incursion team breached the outer doors and started screaming. The whirling mass of death that came storming out tore into the team like a starving man at a buffet. To their credit, they stood their ground and gave as good as they got until backup arrived and provided supporting fire, splattering the shit out of whatever it was before recovering our dead and wounded. I gave the order to move in and secure the facility, assuming that whatever had torn Alpha team to ribbons was some unsanctioned animal experiment that got loose. It was only after we lost both Bravo and Charlie did we realize it wasn’t animals we were dealing with but a whole new life form, one that really enjoyed snacking on humans. By the time the rest of the division showed up to provide much-needed support we were down to less than a hundred functioning soldiers and had nothing to show for it. The UNSOF trained and outfitted some of the best soldiers on the planet, and we were experts at enforcing the peace or dealing with the odd armed insurgent, but an actual alien invasion was a little outside of our bailiwick. But we were also never one to back down from a fight, especially one where the fate of the world hung in the balance. The extra firepower allowed us to force our way through the swarms of aliens that just kept coming and coming. Sergeant Iva Magdalene joked with Private Sam Lammert that it was like some sort of video game and wondered if there was a boss level. That was the last coherent thing I heard from her team, screaming and the sound of gunfire saturating the radio channel shortly afterwards. The bar was starting to fill up, the afternoon working class crowd shouldering their way in and talking loud. Friends backslapping each other, yapping about sports or the latest movie or how the new foreman was an idiot. I ignored them and stayed on my perch, nailed there by a continual supply of whiskey and spicy dried peas. I blinked and the empty bottle magically replaced itself, the bartender swapping it out as he moved by. I took that as a good sign and poured myself another, sipping it as I mentally counted out the names. Afonso Lefteris. Castor Theudemar. Rodrigo Neely. Arcadia Frantziska. Coco Yana. Lesha Teagan. Dan Dorin. Cassandra Goldburg. All gone, just names on a wall somewhere now, destined to be part of a school field trip where bored kids stand around and fidget as their teacher tries to jam some history between their dirty ears. Not one of those kids or their teacher will care Cassandra wrote dirty Harry Potter vampire fan fiction, Rodrigo had been studying to be a lawyer, or that Dan moonlighted as a classical guitarist. Each one had a future and a life ahead of them that was wiped out when I sent them off to die. And every last one of them went willingly. Confident, strong, proud. A credit to the uniform. A uniform I no longer felt that I had the right to wear. I set my empty glass down with exaggerated care, uncertain of where the tabletop was, my enhanced liver working overtime to process the influx of alcohol. The thunk told me I had made it successfully, and I let go of the glass and stared into it, the slowly collapsing film of whiskey that clung to the side a reminder of the gateway at the epicenter of the invasion. The egg-shaped device looked like wet glass, the distortion rippling between complicated armatures keeping the field open. It had taken six hours of constant fighting, some of it hand-to-hand, before we gained access to the chamber housing the gateway. Behind us we had left a trail of bodies, both ours and theirs, some of them stacked three deep. The stench of death mixed with the smell of cordite and burnt railgun coils. I had lost track of my own weapon some point, picking up a discard and using that instead. The stock was crusted in dried blood, some of it mine, most of it alien where I had used it as a club. My continual requests for more support and heavy equipment were being shuffled around and put off, nobody willing to believe the reports being sent in. Those of us on the ground were resolved to end this here and now, holding the first, last, and only line of defence between Humanity and the growling alien mob. By this point we had all gotten pretty good at figuring out what the alien’s weak points were - head shots fucked them up pretty good, but they’d just barrel along until you took out the heart-thing located in their ass. Someone told me later they were like bees, putting their vital bits in back and responding to a queen. I stopped eating honey right after that. Being more efficient at killing was not that helpful when the enemy force seemed to have an unlimited supply of bodies to throw at us. At some point we were going to run out of ammo - we had been scavenging what we could off of our dead comrades, exhaustion and terror keeping us from feeling bad about it. I kept sending soldiers out in twos and threes to search the surrounding areas and bring back what they could. Sometimes they came back missing a team member. Sometimes they didn’t come back at all. I added them to the list of dead that I was responsible for and kept pushing forward. The bartender came over and gave me a look, judging if I was at the point where he should consider cutting me off. I held out my hand to show that it was steady - surgeon's hands, my mother called them - and nodded, my fancy liver having already dealt with the booze. He reluctantly complied and poured a drink for me from a new bottle - my third, I think - before moving down the bar to take care of someone else. I kept drinking and counting off the names. Our first clue we were getting closer to the center of the invasion was a change in the mix of xeno types. Before it was just nasty critters that would attack en-masse, but these were more upright and started to sport weapons of their own. They also started to show a level of unit cohesion that was downright disturbing. We figured out pretty quickly that they were also responsible for directing the mass of smaller xenos, so killing them became a top priority. Same general body layout as the rest, so popping a round in their ass worked wonders. By this time we had finally figured out what the hell this place was and command had bought into our doomsday scenario - but were seemingly incapable of making a decision on what to do about it. I lost three men - Williams, Carine, and Renáta - as I hunkered down and got into a screaming match over the vidphone with a four-star general who had never seen live action before. It was only until I broke off to club a snarling mass of alien flesh that tried to eat my face did they get the message how dire the situation was. Nuclear weapons were off the table - even if we could get the release codes, the fallout would poison a large chunk of valuable farmland and wreck the underlying aquifer. The only available units with bunker busters or MOABs were hours away, about the same time as any heavy artillery that could punch through the walls. That left us with jack and shit, along with a dwindling number of functional soldiers who were running short on ammo and adrenaline. So we did what we were trained to do - we kept fighting. And kept dying. My upgraded liver had finally done its job and processed most of what I drank into hydrogen and energy, feeding a process that cracked the rest into more base components my body could use. Very little alcohol actually made it into my bloodstream, and what did was filtered out quickly and excreted in the normal manner. The upshot was I could generally keep drinking for as long as my bank account held out - which these days meant practically forever. One side effect of the upgrades is that I tend to sweat more than normal when I drink, which is hell on my clothing and contributes to the sad state of my personal hygiene. I honestly don’t care - that’s what laundry service is for. As for the smell, it kept the seats next to me clear, which let me focus on more important things. Like drinking and remembering the dead. So when someone invaded my personal space by sitting down and greeting me by name, I was totally unprepared. Fuck. Robbie. The promised support was going to be a long time in coming - most of what we needed were scattered around maintaining the peace or on a ship somewhere. Nobody expected some idiot to throw a complete division of troops and material into a meat grinder and then ask for more. We knew we were in the right area when we killed a dozen of the Walkers - what we started calling the upright fighters - all stationed around a hanger-like door that had been forced open from the inside. A quick peek around the corner showed the room inside was filled with critters of various sizes, all milling around the gateway that kept pooping out more. I could see a dozen or more Walkers arranged in front of it, gathered in a loose circle and waving their hand-things around in some sort of ritual fashion. I didn’t know if they were holding a seance and talking with Great Uncle Charley or just discussing the weather, and frankly I didn’t care - I just wanted them out of the way of our objective. Once we shut the gateway down I was certain that all of our problems would be solved and we could call it a day. Maybe even get out this in time for dinner. “Eugen, Pyotr. Take a squad each and scout left and right of our position. Look for power conduits big enough to power that thing. Sing out if you run into trouble. Go.” Two dozen men and women scampered off without a second thought. “Mansel. You and yours hold here with me. The rest, fan out and grab whatever ammo you can find. Return in five minutes.” Sixty soldiers ran down the hallways in groups of sevens and eights to find whatever they could, coming back within the allotted time. One ran into a pack of xenos and used up what ammo they had, returning empty handed. We parceled out everything the best we could. I kept as many railgun coils as I could carry and handed the rest to Robbie, who had the other functioning railgun. The rest were armed with upgraded SAR29’s and were ready for blood. Pyotr called in saying they had found a power cable that looked promising - it was certainly big enough and had warnings in six languages. Eugen hadn’t reported in and wasn’t responding to coms. I was hoping it was just because their radio was broken or the signal was blocked, but we all knew in our guts they were gone. More names to add to the list of brave men and women I had sent off to die. I ordered Pytor to cut the cable, which should shut down the gateway and prevent the aliens from bringing in any more reinforcements. As soon as that happened we were going to storm the room and kill every last stinking xeno. No survivors, and no Geneva convention to tell us different. It sorta kinda worked. “Whatcha drinking, Colonel?” Robbie asked me, as if everything was normal and it was just another day in the neighborhood. The rest of the bar hooted and hollered, someone sinking a clever shot on the pool table. “Whiskey. Get’cher own,” I growled back, taking a drink and pretending to ignore his presence. I was in no mood to share, particularly not with him. “And I’m retired.” The last time I had seen Robbie he was missing a hand along with a chunk of his face. The surgeons had done a good job on patching him back together. Hell, they had done a good job on everyone that made it out, myself included. They had to - if they showed the world what it really took to beat back an alien invasion, recruitment numbers would plummet to near zero. So broken bones were set, mangled limbs and organs were repaired or replaced, plastic surgery was scheduled. The scars were erased, but for some of us, they went too deep for any amount of medical care to fix. On the surface we looked and acted human, but inside some of us were more plastic and ceramic and high-tech gear than flesh and bone. But we looked good on TV, which is what really mattered. Robbie signaled for a beer, which the bartender obliged. “Put it on his tab,” he said, jerking a thumb at me. “He doesn’t mind.” “What do you want, Robbie?” I asked, waving a hand at the bartender to say it was okay. “Not like we parted friends last time I checked.” Words were exchanged, most of them heated. We didn’t come to blows, but damn near could’ve. “Things change. You were angry, blaming yourself for everything that happened.” Pointing at the line of empty bottles, he added, “looks like you still do.” I grunted in agreement and continued to drink. Robbie wouldn’t shut up and kept at it. “Still doing that thing where you go over the names of everyone that didn’t make it out?” I turned my head slowly towards Robbie, fixing him with a hostile stare. It was his turn to ignore me and he blathered on. “What’s the count again? Oh yes, nineteen thousand. I hear they are going to make a documentary. Want to be in it? They can use a sad sack of shit. Be right up your alley.” He shut up and took a drink from his beer, not realizing the amount of control it took not to punch his smug face in. I thought he was done talking but he started right back up again. “Believe it or not, I have been and always will be your friend. Maybe you forgot that, but I never did. Which is why when you walked away I didn’t, even if I wanted to. Someone had to stick around and pick up the slack. So while you’ve been drinking more than humanly possible and blaming yourself, I - we’ve - have been figuring out what happened.” “I know what happened. We went in and got blown to hell,” I answered, lifting my glass. “Most of a division wiped out on my orders. But we got the job done.” Robbie hit me with a sucker punch. “Who said the job was done?” Pytor’s team took down the power cable as ordered and we came in guns blazing. The gateway was going crazy from all of the ordinance flying around and its power supply being interrupted, but it wasn’t shutting down. Either there was a secondary conduit somewhere or a backup generator providing juice. I had a momentary worry that whatever ritual the Walkers had been doing was keeping it open, but they wasted no time in jumping into the fray, dispelling that notion. Our first order of business was taking the Walkers out - without them providing guidance, the rest of the xeno swarm should be easy. Great idea, but they weren’t going down without a fight. Robbie and I fought back-to-back, railguns close to overload as we fired round after round, punching through aliens four at a time. The rest of the remaining company of soldiers burned through ammo like it was going out of style. Someone yelling “grenade!” caused us all to duck, the bang of it going off followed by the whistling sound of shrapnel and someone screaming. Turns out it was me. A chunk of metal made it past my armor and lodged in my gut, tearing things up pretty bad. “Power souce!” I called out, doing my best to ignore the pain and stay upright. “Find the goddamn power source!” And incoherent shout drew my attention to Corporal Mahmud Paz, who was pointing at a unit mounted on the far side of the bay that was being guarded by three Walkers and a bunch of their pets. That looked like a fine place to have some target practice, and anyone who wasn’t directly engaged with staying alive moved in closer. Before we got there something came through and started to tear us a new asshole. Robbie and I ganged up on it and turned it into Swiss cheese, but not before it had wiped out twenty men and women we couldn’t afford to lose. “We’re fucked!” he gasped, the side of his face that wasn’t hamburger pale from blood loss. I was inclined to agree, but wasn’t ready to throw in the towel just yet. “No we’re not,” I said with confidence I didn’t really have, eyes tracing the line of wrist-thick cables going from the generator to the arms of the still-functioning gateway. “There. Hit it there,” I ordered over the command channel, lighting up a junction with the laser targeting system. I followed through by reloading a coil and chunking off rounds, the railgun rapidly warming up in my hands, heading towards a critical overload. The remaining troops did the same, just as the Walkers realized they were about to be cut off from whatever hell they called home and broke ranks to try and stop us. Robbie’s railgun failed after five more rounds, the final shot warping the barrel and exploding, taking his right hand with it. The rest of us kept firing, spraying and praying we’d finally punch through and hit something important. Eventually we did. “Of course I am. Shut the gateway down, killed all the xenos, exfil’d back to base. World saved, all that jazz.” I took a big slug of whiskey and poured some more, skipping the water this time around. “You were there as I recall. Didn’t look as good as you do now.” “The miracle of modern medicine. So here’s the deal. We managed to salvage the research and rebuild the gateway. Now hold on, lemme finish. Smaller this time, lower power, double isolation chamber, failsafes, the works. Just big enough for some probes to go through without being detected. Guess what we found?” “Your virginity?” “Close, but no cigar. Worlds. Hundreds of worlds. And on all of them, dead civilizations, wiped out by the sames bastards that attacked us. Research managed to translate some of what they found and figured out that every time a species build a gateway, these things come through and wipe them out.” “But not us,” I grunted. “But not us. And it gets better.” Robbie looked around and leaned over slightly before continuing in a lower voice, like he was imparting some great secret. “We found their home world.” The Walkers and their remaining pets tore into us just as the power junction let go, causing the gateway to collapse in a soundless explosion of light and fury. The best part was that it sent the aliens reeling, making them easy pickings. By the time our reinforcements arrived we had bandaged our wounded and crawled out of the rubble, seventy three survivors out of a division of almost twenty thousand. Fresh air never smelled so good. I fully expected to be court-marshaled for taking such devastating losses and not calling for a retreat. Instead what I got was commendation after commendation, so many they had to create new combos just so I wouldn’t run out of chest area to display them all. I suspected that it was all a put-up job, but couldn’t get anyone to admit it. Everyone kept telling me how great I was and how I had done the impossible against incredible odds. I had so much smoke blown up my ass I thought I would get lung cancer. After a while I couldn’t take it anymore and turned in my paperwork and resigned, leaving the uniform and the job behind - the only thing I had known for most of my adult life. I never did buy that boat. “Explain,” I ordered, giving Robbie my best Don’t Fuck With Me glare. He pretended it didn’t work on him but answered anyways. “Just like I said. We found the planet they come from. Easy, too. If you don’t know enough to plan ahead the gateway naturally lands there, like a default setting. Then our buddies swarm through, kill everyone, and leave. Lather, rinse, repeat. Break the laws of physics, get eaten.” “Well that sucks,” I observed, taking a pull from my glass. “But you never answered my question, Robbie. What do you want?” “We - I - want you. We’re building a bigger gate, one that can send a division or three through. We want to take the fight to them, wipe them out for good before they can do the same to another species. Give the rest of the universe a chance to get off their own rocks and make something of themselves.” Robbie cleared his throat before continuing, “but we need a leader. One that can make the hard choices even if it tears him up inside. One that keeps going and going, putting his ass on the line every single day and inspiring others to do the same. One who knows how to fight these things and win. No matter what it takes. No matter what it costs him personally.” Robbie put his hand on the top of my glass, and forced it back down to the counter top. “How about it, Colonel? Wanna get some payback? Maybe make those names of yours mean something other than an excuse to wallow in your self-pity?” I didn’t say anything and stared at the reflection of the man in the mirror. “Don’t do it for me. Hell, don’t do it for yourself. Do it for them. For the nineteen thousand. Make their deaths be more than just names on a wall somewhere or a glass in your hand. Don’t walk away this time and hide in a bottle,” he pleaded, hand still covering mine and holding the glass of liquid memory eraser on the countertop. As I watched, my reflection shifted for a moment, showing me the man I used to be. A man deeply ashamed at what he had become - a drunk, a loser. A man that thought there might be something still inside worth saving, who had never really given up on either of us or what we had once believed in. A man who wanted a second chance to make up for his mistakes. “Weapons?” I asked, my voice quiet and lost in the background noise of the bar. I had hoped Robbie didn’t hear, but they must have fixed his ears, too. “New SAR31’s. Better fire control, larger magazines, bigger punch. Railguns have been improved, too. No more losing fingers,” he said, waving his replacement hand around, the synthflesh blending seamlessly into his wrist. “Got some prototype plasma casters that look promising, if you want’em.” “Armor?” louder this time. No use pretending any more. “Dragonskin v8. Interlocking plates. Takes a licking and keeps on ticking. Carry weight has been dropped by half, more flexible. Think chainmail that’ll stop a rocket.” I stared at the mirror. “Resupply? Air support?” “Done and done. Trust me, I was your XO for six years before you walked away. I know what you’re going to ask before you ask it. We’re locked, cocked, and ready to roll. Only thing missing is you. The key part to the whole shebang.” I drummed my fingers on the countertop, trying to think of something to trip him up, and give me an excuse to say no. The bottles called out to me, and I really wanted to get back to my drinking. I finally played my ace card and said, “fine, but I want Kitty,” referring to the best damn sniper I had ever had the pleasure to work with. The last time I spoke to her she was happily retired and living on a beach, having traded in her scope for an endless supply of cabana boys and surfers. She was out for good, no way in hell Robbie had managed to lure her back in. Robbie threw back his head and laughed, attracting the attention of the entire bar and proving me wrong. “Deal! She’s tanned, toned, and ready to kick ass. Even brought some promising new recruits with her. So what do you say Colonel, ready to get back to work? Maybe bring some peace to the universe, make a real difference again?” The names were a silent presence, floating around in the back of my mind. I realized in that moment of pure absolute clarity that I had been wrong, so very wrong. The names of the men and women that had followed me to hell and stayed there were not a burden or a curse but a blessing. They had not been dragging me down or holding me back - I had. They were there to lift me up, keep me going, push me forwards. Knowing each one of them had been an honor, and I would never forget their sacrifice. I shoved Robbie’s hand off the glass and tossed it back before standing up and giving the mirror the evil eye. My reflection looked back at me, pleased for the first time in ages. I made a silent vow to carry the memories of those men and women to the farthest reaches of the universe and make their deaths count by tearing the xeno homeworld down, brick by bloody brick, until the galaxy was free from the threat they posed. I could feel the names, all nineteen thousand of them, milling around, tired of excuses and eager to get on with it. Nineteen thousand. Plus one more. Mine.
Marshall Long, an early Bitcoin miner, is currently running a mining farm in Canada and is working on setting up a new facility in the United States. In his view, miners who prepared for the halving in advance will not be affected much by it while smaller ones will likely “pivot to speculation mining or fringe tokens." Join Brekkie & Tantra’s Head of Ops, Will Pangman, for a discussion on mining with Bitcoin OG and longtime miner, Marshall Long: When it comes to Bitcoin mining Marshall Long is about as OG as they come. Having been in the game since 2010 he's seen it all. On top of that he's a generous guy too. Right now committing quite a bit of his time to 3D printing masks in light of the COVID-19 induced shortages. This was a fun one!… Special thanks to Marshall Long, Greg Maxwell, Mark Freidenbach, and Adam Back for related discussion. The Problem. This issue is one which might disable Bitcoin completely, requiring a (simple) hard fork to get it “unstuck”.This issue becomes more dangerous over the next 20-30 years (likely most dangerous in 2020-2028), but then quickly declines. FEATURE: Marshall Long. CTO of FinalHash and Co-founder of EOS.fish Marshall Long is an expert in the P2P economy and one of the earliest participants in blockchain. Marshall is considered to be one of the first bitcoin miners to systematize mining. He also recently broke into the eSports industry as the CEO of Mockit eSports. ₿adcoin is a peer-to-peer multichain built on 5 blockchain ...
How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ...
Hello, Guys welcome to Technical MK ; In this video, I will show you a free Bitcoin mining website where you can mine 100% free Bitcoin without any investmen... What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1... Master the Laws of Human Nature with Robert Greene and Lewis Howes - Duration: 1:36:37. Lewis Howes Recommended for you Check out Marshall Long, The CTO and Co-Founder of Final Hash Discussing: - Final Hash - Being Compliant As A Bitcoin Company - Entrepreneurship And Startups In The Bitcoin and Finance Space ... Join Marty as he sits down with long time bitcoiner + miner Marshall Long to discuss: - How Marshall got into Bitcoin mining - Why he only mines Bitcoin now - Evolution of chips - Chip fabrication ...