CoinCore - The pathway to greater heights

NavCoin: Where We Stand & Where We Are Going

From agent_cooper90:
For the community and all of the newcomers who may drop in here, I figured I'd write up a post outlining some of the core features of Nav, both currently existing and future. I am bound to miss some things/mis-interpret the occasional detail, so if I mess up, please chip in!
Where We Stand Now:
Nav is a Proof of Stake, privacy-optional coin that focuses on 'Simplifying Cryptocurrency'. Great, what does that mean? (I'll chose not to label it as a pure privacy coin because the Monero guys will claim that optional privacy is not truly private, etc.)
I'll start with the simplifying part. At the moment, in addition to the NavCore wallet (we'll get to that), we already have NavPay a light version of the wallet that makes sending and receiving money a breeze. Check out the video NavPay is already available for Android and is pending approval for iOS (the app has passed technical review, but Nav needs to be added to Apple's cryptocurrency whitelist before the app can be added to the store)
There is also the NavCoin Core wallet. This is where Proof of Stake comes into play. When you download the core wallet either on your PC/Raspberry Pi (or if you get a NavPi, it's mostly all set up for you) and enable staking, you are essentially performing the equivalent of mining for Navcoin. As a staker, you are forming a node in the blockchain that helps verify transactions. Unlike Proof of Work coins like Bitcoin, however, Proof of Stake is much more energy friendly, which is why it can be done on a raspberry pi! As a reward for your staking you receive 5% return in Nav annually, with the implementation of the Community Fund (which we will talk about in a sec), this % drops to 4% annually.
Finally, there is the privacy aspect of Nav. Nav achieves privacy by sending private transactions through a secondary subchain which effectively detaches the sender and receiver in a transaction. At the moment, this subchain is run on a more consolidated web of servers, but I believe anyone can setup a server to serve the private chain, see https://navtechservers.com/navtech-servers/.
Where We Are Going
In a nutshell, the two biggest developments coming are Valence & the Community fund. This is not to say that there isn't more that the team is working on, see roadmap. Let's get into it.
Valence: this brings Nav into the platform realm (Eth, Neo, etc.). While it remains to be seen how specifically Valence will function (white paper release in near future), in keeping with NavCoin's motto of simplifying crypto, the goal is to create a development platform like Ethereum that is more approachable for a more generalist subset of engineers (those who aren't in tune with the details of smart contracts, etc.). Valence will take care of the blockchain/smartcontracts aspect of a dApp, freeing the developer to work on the core business logic of the app.
In addition to the platform itself, the team is planning on building two apps on top of the platform to help with adoption:
1) NavChange: this will facilitate exchange between Nav and other cryptocurrencies. This will help people get into and out of many cryptocurrencies without the need for an exchange.
3) NavDelta: this utilizes NavChange to allow people to pay with Nav at a location that accepts any form of crypto that is supported by NavChange. For example, if Nano is supported by NavChange and you want to pay for dinner at a restaurant that only accepts fiat and Nano, you could pay with your Nav and NavDelta would convert it to Nano for payment.
"Why not just have Nano then?" you might ask. Well, if everyone in the world starts accepting Nano, you'd be right to just hold and use Nano. The reality is, however, more likely that different vendors will accept different currencies (like we see with credit cards). NavDelta + NavChange allows one to not have to hold multiple currencies to pay for what they want.
Community Fund: As mentioned above, the team is implementing a community fund that will be backed by 20% of all node's staking rewards annually. Some in the past have argued that this is a form of centralization and as such is a con for the coin. I would disagree. Those who stake (the node operators) are the ones who vote, not the central team. Provided there is consensus amongst the community, the team is given the directive to work on the feature that was approved by the community. Only when the feature has been implemented successfully do the funds allocated for the feature get released. So in reality, a decentralized body is voting to implement a feature that a dedicated team will execute. If anything, this gives me peace of mind.
That just about sums up my thoughts, please add more if you have them!
EDIT: I previously misstated the amount of backing the Community Fund will receive from staking rewards as 1% per node. Current staking rewards are 5% per annum. After Community Fund is implemented a node will still generate 5% return, of which 80% goes to the node operator & 20% goes to the community fund, reducing the effective staking reward for the operator to 4% per annum. Thank you to KnifeOfPi2 for pointing out this error!
submitted by celio51 to CryptoCurrency [link] [comments]

NavCoin: Where We Stand & Where We Are Going

Hey all! For the community and all of the newcomers who may drop in here, I figured I'd write up a post outlining some of the core features of Nav, both currently existing and future. I am bound to miss some things/mis-interpret the occasional detail, so if I mess up, please chip in!
Where We Stand Now:
Nav is a Proof of Stake, privacy-optional coin that focuses on 'Simplifying Cryptocurrency'. Great, what does that mean? (I'll chose not to label it as a pure privacy coin because the Monero guys will claim that optional privacy is not truly private, etc.)
I'll start with the simplifying part. At the moment, in addition to the NavCore wallet (we'll get to that), we already have NavPay a light version of the wallet that makes sending and receiving money a breeze. Check out the video NavPay is already available for Android and is pending approval for iOS (the app has passed technical review, but Nav needs to be added to Apple's cryptocurrency whitelist before the app can be added to the store)
There is also the NavCoin Core wallet. This is where Proof of Stake comes into play. When you download the core wallet either on your PC/Raspberry Pi (or if you get a NavPi, it's mostly all set up for you) and enable staking, you are essentially performing the equivalent of mining for Navcoin. As a staker, you are forming a node in the blockchain that helps verify transactions. Unlike Proof of Work coins like Bitcoin, however, Proof of Stake is much more energy friendly, which is why it can be done on a raspberry pi! As a reward for your staking you receive 5% return in Nav annually, with the implementation of the Community Fund (which we will talk about in a sec), this % drops to 4% annually.
Finally, there is the privacy aspect of Nav. Nav achieves privacy by sending private transactions through a secondary subchain which effectively detaches the sender and receiver in a transaction. At the moment, this subchain is run on a more consolidated web of servers, but I believe anyone can setup a server to serve the private chain, see https://navtechservers.com/navtech-servers/.
Where We Are Going
In a nutshell, the two biggest developments coming are Valence & the Community fund. This is not to say that there isn't more that the team is working on, see roadmap. Let's get into it.
Valence: this brings Nav into the platform realm (Eth, Neo, etc.). While it remains to be seen how specifically Valence will function (white paper release in near future), in keeping with NavCoin's motto of simplifying crypto, the goal is to create a development platform like Ethereum that is more approachable for a more generalist subset of engineers (those who aren't in tune with the details of smart contracts, etc.). Valence will take care of the blockchain/smartcontracts aspect of a dApp, freeing the developer to work on the core business logic of the app.
In addition to the platform itself, the team is planning on building two apps on top of the platform to help with adoption:
1) NavChange: this will facilitate exchange between Nav and other cryptocurrencies. This will help people get into and out of many cryptocurrencies without the need for an exchange.
3) NavDelta: this utilizes NavChange to allow people to pay with Nav at a location that accepts any form of crypto that is supported by NavChange. For example, if Nano is supported by NavChange and you want to pay for dinner at a restaurant that only accepts fiat and Nano, you could pay with your Nav and NavDelta would convert it to Nano for payment.
"Why not just have Nano then?" you might ask. Well, if everyone in the world starts accepting Nano, you'd be right to just hold and use Nano. The reality is, however, more likely that different vendors will accept different currencies (like we see with credit cards). NavDelta + NavChange allows one to not have to hold multiple currencies to pay for what they want.
Community Fund: As mentioned above, the team is implementing a community fund that will be backed by 20% of all node's staking rewards annually. Some in the past have argued that this is a form of centralization and as such is a con for the coin. I would disagree. Those who stake (the node operators) are the ones who vote, not the central team. Provided there is consensus amongst the community, the team is given the directive to work on the feature that was approved by the community. Only when the feature has been implemented successfully do the funds allocated for the feature get released. So in reality, a decentralized body is voting to implement a feature that a dedicated team will execute. If anything, this gives me peace of mind.
That just about sums up my thoughts, please add more if you have them!
EDIT: I previously misstated the amount of backing the Community Fund will receive from staking rewards as 1% per node. Current staking rewards are 5% per annum. After Community Fund is implemented a node will still generate 5% return, of which 80% goes to the node operator & 20% goes to the community fund, reducing the effective staking reward for the operator to 4% per annum. Thank you to KnifeOfPi2 for pointing out this error!
submitted by agent_cooper90 to NavCoin [link] [comments]

The BITCORE Team wishes you a Merry Christmas

The BITCORE Team wishes you a Merry Christmas
https://preview.redd.it/i18en8wzj0621.png?width=1440&format=png&auto=webp&s=6701e8761cfc4273c9919a42bfb8cdf04753d363
We wish you a merry Christmas
2018 has been a great year for Bitcore thanks to our thousands of community members. Without our community, Bitcore would be nothing. We would like to take this opportunity to wish all our community, contributors, partners and every one of our readers a very merry Christmas, and a peaceful and prosperous New Year!
In the coming year we look forward to reaching and publishing many more ‘successful milestones’ with you.
Our success stories in 2018
We have realised fantastic growth and this was only possible with the support of our community and partners who recognised the value in our service. Bitcore team is here for the long haul. 2018 has been the best growth year yet for the BTX ecosystem. 2019 will be better.
This year brought an important partnership with Paytomat to start the ‘real life uses’ of Bitcore. Spending Bitcore in Europe is getting easier thanks to Paytomat. Moreover, Jaxx Liberty, Zelcore and Coinomi also became our partners which ensure you to store and manage your Bitcore securely.
READ MORE HERE
Share & Retweet
https://preview.redd.it/yrrf5n01k0621.png?width=1440&format=png&auto=webp&s=e784a2e83f49f876cd8583a3419e474164325c65
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submitted by dgcarlosleon to bitcore_btx [link] [comments]

Samson Mow to be on 8BTC AMA amid Strong Anti-Core Sentiment

Samson Mow, COO of BTCC, will host an AMA on 8btc forum on Bitcoin scaling and SegWit. Questions raised between 29th Nov to 2nd Dec will be addressed by Samson in person. The deadline for raising questions is NYT 01:00 am 2nd Dec.
8btc now is collecting questions from communities all around the world. Valuable questions based on vote or popularity basis will be thrown to Samson.
For those who are not familiar with the situation, please see Samson Mow is at the center of the increasingly heated discussions on SW and scaling. Last week, a Chinese miner Jiang Zhuoer, has likened CORE’s roadmap of 1MB blocksize to the atrocity of an authoritarian government in 1970s (you know it) and believed only the miner have the right to decide the blocksize. Jiang concludes his article by saying” that someone will be nailed down on the pillar of humiliation of history”. Then how will Mr. Mow or does Mr. Mow dare to respond to all the reproaches and other questions raised by the community? Let’s square up to see it.
Here are some questions already raised by Chinese community from the AMA thread, we have translated them into English for your reference:
From BW.com:(a company providing mining solutions) 1. Has BTCC pool done extensive test on 0.13.1 SegWit code? Can you release test report? 2. Does BTCC pool support SW as pool(miner) or as exchange? 3. Has BTCC Pool’s support of SW gained understanding and support from miners in your pool? In another way, has BTCC pool explained pros and cons of various options? Any relevant explanatory information can be shared to other pools for reference? 4. Does BTCC pool have any contingency plan for possible bugs of SW recently discussed in Reddit? 5. Does it mean that BTCC pool will not conform to 2015 Beijing Pool Conference Declaration* and 2016 Hong Kong Consensus**?
for Declaration please see: http://news.8btc.com/look-back-hong-kong-round-table-consensus-and-beijing-declaration *for Consensus please see: http://news.8btc.com/look-back-hong-kong-round-table-consensus-and-beijing-declaration
Questions from Jiang Zhuoer (an opinion leader and miner, who has already asked harsh questions on 8btc’s forum, which has triggered heated discussions on reddit):
  1. Mr. Mow, please directly answer: Dose BTTC support that 1M blocksize should remain so permanently or believe it should be scaled at a proper time in the future?
During the 3-year-long argument of scaling, CORE has never discussed the scaling to bigger blocksize and never expressed its readiness or willingness of scaling in any of its roadmap or future plan. It’s CORE’s attitude that leads to the repeated catfight within the community, which is now falling apart.
If BTCC supports bigger blocksize (instead of permanent 1M blocksize), what measures will BTCC take to urge CORE to scale?
  1. On 21st Feb 2016, China’s major bitcoin companies including OKcoin, Bitmain, BTCC, Antpool, BW,F2pool haoBTC,, lighteningasic, blockcloud together with Blockstream and Core have jointly issued Hong Kong Consensus. The core article in the consensus is :
“We will run a SegWit release in production by the time such a hard-fork(a block bigger than 2M) is released in a version of Bitcoin Core.”
In essence, the article is a quid pro quo (a favor for a favor). It means SW is used in exchange for block scaling. It serves as a push for CORE to scale. This the best solution to solve the argument of scaling. The hopes of peacefully solving the problem hinges on it.
Bobby LEE, CEO of BTCC, and Samson Mow, COO of BTCC, both signed on the consensus.
Now May I ask: for what reason is BTCC violating a consensus with your own signatures? For what reason is BTTC betraying the China’s bitcoin companies? Want to run a SW release in production even before CORE publishes 2M blocksize code?
In the world of bitcoin seeing credit as the most important thing, what is reason for BTCC to flout the consensus? How could users believe deposits on BTCC are safe and believe BTCC is not reincarnation of Mt.Gox?
  1. Those who support scaling are all for SW. What they are against is the permanent roadmap of 1M blocksize of CORE and the soft-fork- based SW. So Mr. Mow, do please answer the questions directly this time. Do not evade the key questions and do not lecture the benefits of SW. Please talk more on the core, directly face the question of your attitude towards permanent 1M block, of your way to urge CORE to scale.
All of us are busy, It’s not that easy for Mr.Mow, out of your busy schedule, to answer the community’s most pressing questions. Isn’t it?
Now 8btc invite friends from outside Chinese community to submit your questions.
We strongly recommend you sate your questions directly on 8btc forum in English as Samson can speak both Chinese and English. For your convenience, you can: 1) Create an account on http://news.8btc.com where English registering guidance is available 2) log in on the AMA tread using your account: http://8btc.com/thread-42814-1-1.html 3)Just type your questions in English on the bottom areas and 8btc will later translate them into Chinese for other’s reference. You can also type your questions directly in the comments, and we will try to move them to 8btc’s forum. We do wish people outside Chinese community could participate in the AMA to make the whole circle more cohesive. We need your voices; we need your wisdom. The more discerning your questions are, the more people will be enlightened. When we are trying to eliminate the language barrier this time, sparks of wisdom will be clearer.
submitted by 8btccom to btc [link] [comments]

BITCOIN AIR: A COMMUNITY DRIVEN THAT STRIVES ON BRINGING AS MANY COMMUNITY VOTED CHANGES TO THE DEVELOPMENT AS POSSIBLE.


https://preview.redd.it/otudiayncb621.jpg?width=785&format=pjpg&auto=webp&s=df144a2bda2046e84c507488c30673aa8ebcfc68

Before we dive into the BITCOIN AIR review, let’s have a general look at the crypto market and the problems faced on exchanges.
The cryptocurrency market has seen vast expansion in the last two years with continued increase in market capitalization and in the number of cryptocurrency coins and tokens (which collectively total more than 1,850). This is a result of media hype and media coverage of the crypto market, as well as its unregulated nature that has allowed vast participation by even the most uninformed of retail investors.
This is not surprising as the crypto market far outpaced other markets by staggering amounts. Some cryptocoins gained as much as 20,000% between 2016 and 2017.

THE PROBLEM
The lure of quick and supposedly easy money has not only caught the attention of genuine companies and investors in this space, but has also attracted nefarious entities who want to grab a share of this market. With no regulation to check what is coming into this market as an investment product, a lot of scams have taken over. This poses a real problem in the crypto exchanges and the market at large.
We now have a situation where many scam crypto exchanges are mostly common, and the majority of crypto investors are afraid, unsophisticated investors without the knowledge of how to decipher the scam crypto investments from the real ones.
Lack of regulation in the market and exchanges has also created a situation where there is no trust entity to validate the thousands of new cryptocurrency-based products that are entering the marketplace on a daily basis.
Trusted and accurate information channels that can serve as valid sources of informative and educational content for the unsophisticated, retail investors are lacking.
What is the end result? Many cryptocurrency traders have lost and are still losing money in the crypto market.
High transaction fee after a successful trading is another challenge on the cryptocurrency exchanges, lack of security, liquidity, and so on.

THE SOLUTION
https://preview.redd.it/2s6ukklrcb621.jpg?width=528&format=pjpg&auto=webp&s=daea9e56088e342ceaf857ed0eff8033ccb25b94
By using the new design concept and leading technology to utilize the Bitcoin Air’s unique Air Protocol technology, users can choose to off chain the value of their Bitcoin Air, immediately locking in the USD value. The off chaining capability will preserve the USD value of any burned coins in USDAP (USD Air Protocol) through a bilaterally operating side chain that will gain its supply through the action of off chaining your Bitcoin Air to USDAP. What this implies in essence is that, it maintains peace of mind, knowing that the value of your Bitcoin Air is securely guarded by the Air Protocol.

THE MISSION OF BITCOIN AIR
Bitcoin Air’s mission is to design and produce the first viable attempt at tackling the key issues associated with cryptocurrency, small business and environmental risks at hand today. By producing the first Carbon Credit Asset-Backed Dual-Chain Blockchain, Bitcoin Air leads the way in pioneering the adoptability, scalability, and overall benefits of using the Blockchain. By combining this technology with Green Initiatives and a viable means of Asset-Backing, Bitcoin Air creates the first Living Ecosystem dedicated to reducing the Human Footprint, lowering the cost of living, and increasing the overall quality of life.
https://preview.redd.it/6zktiuwtcb621.jpg?width=1123&format=pjpg&auto=webp&s=240ab22e1d5e2539b7a259c13e38c31db627cdd6

EXPLAINING HOW THE BITCOIN AIR PLATFORM WORKS
Bitcoin Air is a bilateral dual-chain blockchain developed to deliver a means of indirect carbon emission reductions through decentralized, trust-less merchant or consumer interactions. Bitcoin Air plans to reduce carbon emissions through the development of a dual chain volatile/stable coin pair dedicated to creating the most versatile and scalable solution for merchant and consumer use. Merchants will be able to transact in cryptocurrency without the worry of profit loss due to fraud or technical issues within their conventional credit card processing equipment. Consumers will be able to transact in a multitude of ways including in person, over the web, or via AirCash Physical Currency!
The technology behind the Air Protocol was based on the idea of an off chain decentralized reserves system that could maintain the end value of a merchants earnings. Since the analysis of cryptocurrency shows that volatility has come to be the largest issue which is largely caused by market manipulation and in hand aided by low adoption, no regulation, and failed attempts at reserve systems. Bitcoin Air will defeat all of these issues by ultimately providing both a decentralized payment system and a decentralized reserves system that can operate 100% trust free and decentralized from any central power.
The storage of Air Protocol will be on a privacy focused side chain that will allow open access to your ledger. This in turn means that access to your ledger of mints/burns will be at your control at all times. Publicly permitted API’s will be developed to allow for even the most common bookkeeping and accounting softwares to integrate with your private ledger. The act of reentry into the market will be as simple as on chaining your USDAP to Bitcoin Air. This event will occur through the burning of USDAP and the minting of Bitcoin Air at the current market rate. This action, called on chaining, will cause a rise in circulating supply, along with a rise in market capitalization to make sure no other holder takes a negative impact by reentry to the market. Simultaneously, the burning of USDAP will lower the circulating supply and lower the reserves available on the static value side chain.
https://preview.redd.it/01ibbyixcb621.jpg?width=789&format=pjpg&auto=webp&s=76c96950a2148922714a46acb51136199df7d6b5

THE MARKET POTENTIAL OF BITCOIN AIR
Bitcoin Air hopes to create the balance that will open the doors for mass adoption by all small businesses world wide. The current financial impact of small businesses on the United States GDP alone is 46%, that would put the potential market at upwards of $8.5 Trillion according to the current United States GDP. To think mass worldwide adoption would put that current number to shame, but to start small and possible, even 1% of that current market flooding to Bitcoin Air through ease of access would mean a market capitalization of $85 Billion. Bitcoin Air seeks to develop an easy, user- friendly, rapid payment system that is accessible and secure enough for everyday use.

THE UP AND COMING FORK OF BITCOIN AIR
The official Bitcoin Air fork date will be announced at a later date as highlighted in the pre-fork road map (view the diagram under roadmap). The overall fork will take place by utilizing three different blockchains and in the end result creating two bilaterally operating blockchains.
The Peercoin Blockchain is what the entire development of this project will begin on, during this time, the Bitcoin UTXO will be added along with several core features including Lightning Network, Segregated Witness, and Atomic Swaps.
Upon successful finalization of the first blockchain test fork, the Haven Protocol will be forked to create a new off-chain DPoS reserves system dedicated to holding static value without being effected by the volatile states of the market.
The Peercoin supply will not be added into the fork and this means that purchasing Peercoin will not get you Bitcoin Air during the snapshot. The only users receiving Bitcoin Air at the time of the fork will be holders of Haven Protocol (XHV) and Bitcoin (BTC) at a ratio of 1XHV:(XHV x Current Price of 1 XHV)AIR and 7.5BTC:1AIR. This in turn will put the circulating supply around 2,500,000 AIR to begin, and no cap on the max supply to be open for minting and burning based on the Air Protocol usage. Holders of Haven Protocol will receive USDAP that can be minted into Bitcoin Air at current market value at any time.
https://preview.redd.it/jm6g5bi0db621.jpg?width=1038&format=pjpg&auto=webp&s=2025429a31bdbcee2e5e808b9bfffe3f6bb9a07e
This process will create new Bitcoin Air to create a private way for Haven Protocol holders to receive their Bitcoin without a need to expose their Private Keys to a public blockchain. This process would initially put our supply overall at around 5,000,000 AIR after the final holder of USDAP burns their USDAP and mints AIR on the side chain. At a later fork date, there will be additions to the Air Protocol including the ability to mint/burn into your local currency rate (EURAP, AUDAP, GBPAP, etc.) and mint to same value in AIR when needed.

BITCOIN AIR PRE-FORK ROAD MAP

https://preview.redd.it/g0v39352db621.jpg?width=1031&format=pjpg&auto=webp&s=41ec3beec769f1257114a908e42690562a80ff7f

https://preview.redd.it/yu1491d4db621.jpg?width=1030&format=pjpg&auto=webp&s=46e83f38a14ee615f9fe93ed37f2b0407caa5026

CONCLUSION
Beyond the basic abilities, Bitcoin Air plans to be the first to implement “Air Cash”. Bitcoin Air will have the ability to mint off chain and make sure value is maintained as the team plan to expand upon this idea extensively beginning with the ability to off-chain your Bitcoin Air to USDAP Air Cash. You will be provided a QR code to print out that can be handed over like real cash and swept into a Bitcoin Air wallet as Bitcoin Air. During this process, creating the Air Cash will burn circulating supply from Bitcoin Air, and mint equal USDAP on the side chain. This will in turn provide a randomly generated private key to the QR code that will hold the value of the USDAP. This balance will not be available in your wallet, and will instead be pegged to this piece of paper. The user can then hand it to a merchant to conduct a purchase, or hand it to any other party to conduct a in person trade. Upon the receiver sweeping the balance to their wallet, the private key and public address will be added to their wallet for usage permanently from then on. The paper document would then become useless, and the address can be disposed of along with the document. This will be the first approach to a fiat introduction for cryptocurrency.
Team is actively involved in this project and superb, Be part of this Revolution Now!

https://preview.redd.it/h0zvdwo7db621.jpg?width=1017&format=pjpg&auto=webp&s=1bb88e2f4af59efed4a97a3dc4d3bdbf18fea72c
Get connected anytime with the Project using the links below for more information, updates and participation:
WEBSITE: https://bitcoinair.org/
WHITEPAPER: https://bitcoinair.org/wp-content/themes/btc_aidownloads/ShortPaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5044039.new#new
DISCORD: https://discord.gg/KWJUBy
TWITTER: https://twitter.com/BitcoinAirUSA
GITHUB: https://www.github.com/BitcoinAir
REDDIT: https://www.reddit.com/BitcoinAi
https://preview.redd.it/1u5mzorfdb621.jpg?width=881&format=pjpg&auto=webp&s=26f1738987c1b0d5ae3c25faf392039e67bcde68

WRITER'S DETAILS
BitcoinTalk Username: cryptoblezin
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2178561;sa=summary
ETH Address: 0xC89b8Dd7e3E137DB108575EeAe301E52b6C72d9F
submitted by blessingsdrop to Crypto_General [link] [comments]

NavCoin: Where We Stand & Where We Are Going

From agent_cooper90 :
Hey all! For the community and all of the newcomers who may drop in here, I figured I'd write up a post outlining some of the core features of Nav, both currently existing and future. I am bound to miss some things/mis-interpret the occasional detail, so if I mess up, please chip in!
Where We Stand Now:
Nav is a Proof of Stake, privacy-optional coin that focuses on 'Simplifying Cryptocurrency'. Great, what does that mean? (I'll chose not to label it as a pure privacy coin because the Monero guys will claim that optional privacy is not truly private, etc.)
I'll start with the simplifying part. At the moment, in addition to the NavCore wallet (we'll get to that), we already have NavPay a light version of the wallet that makes sending and receiving money a breeze. Check out the video NavPay is already available for Android and is pending approval for iOS (the app has passed technical review, but Nav needs to be added to Apple's cryptocurrency whitelist before the app can be added to the store)
There is also the NavCoin Core wallet. This is where Proof of Stake comes into play. When you download the core wallet either on your PC/Raspberry Pi (or if you get a NavPi, it's mostly all set up for you) and enable staking, you are essentially performing the equivalent of mining for Navcoin. As a staker, you are forming a node in the blockchain that helps verify transactions. Unlike Proof of Work coins like Bitcoin, however, Proof of Stake is much more energy friendly, which is why it can be done on a raspberry pi! As a reward for your staking you receive 5% return in Nav annually, with the implementation of the Community Fund (which we will talk about in a sec), this % drops to 4% annually.
Finally, there is the privacy aspect of Nav. Nav achieves privacy by sending private transactions through a secondary subchain which effectively detaches the sender and receiver in a transaction. At the moment, this subchain is run on a more consolidated web of servers, but I believe anyone can setup a server to serve the private chain, see https://navtechservers.com/navtech-servers/.
Where We Are Going
In a nutshell, the two biggest developments coming are Valence & the Community fund. This is not to say that there isn't more that the team is working on, see roadmap. Let's get into it.
Valence: this brings Nav into the platform realm (Eth, Neo, etc.). While it remains to be seen how specifically Valence will function (white paper release in near future), in keeping with NavCoin's motto of simplifying crypto, the goal is to create a development platform like Ethereum that is more approachable for a more generalist subset of engineers (those who aren't in tune with the details of smart contracts, etc.). Valence will take care of the blockchain/smartcontracts aspect of a dApp, freeing the developer to work on the core business logic of the app.
In addition to the platform itself, the team is planning on building two apps on top of the platform to help with adoption:
1) NavChange: this will facilitate exchange between Nav and other cryptocurrencies. This will help people get into and out of many cryptocurrencies without the need for an exchange.
3) NavDelta: this utilizes NavChange to allow people to pay with Nav at a location that accepts any form of crypto that is supported by NavChange. For example, if Nano is supported by NavChange and you want to pay for dinner at a restaurant that only accepts fiat and Nano, you could pay with your Nav and NavDelta would convert it to Nano for payment.
"Why not just have Nano then?" you might ask. Well, if everyone in the world starts accepting Nano, you'd be right to just hold and use Nano. The reality is, however, more likely that different vendors will accept different currencies (like we see with credit cards). NavDelta + NavChange allows one to not have to hold multiple currencies to pay for what they want.
Community Fund: As mentioned above, the team is implementing a community fund that will be backed by 1% of all node's staking rewards annually. Some in the past have argued that this is a form of centralization and as such is a con for the coin. I would disagree. Those who stake (the node operators) are the ones who vote, not the central team. Provided there is consensus amongst the community, the team is given the directive to work on the feature that was approved by the community. Only when the feature has been implemented successfully do the funds allocated for the feature get released. So in reality, a decentralized body is voting to implement a feature that a dedicated team will execute. If anything, this gives me peace of mind.
That just about sums up my thoughts, please add more if you have them!
submitted by celio51 to CryptoCurrency [link] [comments]

Showerthought: The UASF crowd are the extremist subgroup of core supporters

Similar to how BU is an extremist anti-core movement, UASF is an extremist pro-core movement. Both groups want to aggressively fork the network in a contentious way.
I would like to think that most people fall in the middle. The situation will resolve itself: Let them fork. Once these radical miners and users fork to their own chains, I hope that the original bitcoin chain will be left in peace to activate segwit, with miner support, and continue along the planned core roadmap.
submitted by dukndukz to Bitcoin [link] [comments]

The Native Platform: Bringing Out the Inherent Value Of Communities Through A Local Economy

The Native Platform: Bringing Out the Inherent Value Of Communities Through A Local Economy
https://preview.redd.it/wdiux91nmas11.png?width=328&format=png&auto=webp&s=7495365381afbe8f0507ca3b12381c4e68a2ef4e

https://preview.redd.it/cebpgf6lnas11.png?width=978&format=png&auto=webp&s=e55e2c00488d7708d918f0aa38d169c6e6af0daa

The Power Of Efficient Communities In creating and Realizing Value


https://preview.redd.it/7kdxi3cdmas11.jpg?width=350&format=pjpg&auto=webp&s=09b67b9d7b5404f15999ff2519af9c22bb79807e
A community is a group of people with a common understanding, common interests, beliefs and aspirations towards which they aspire. A community could be built around a particular movie, protecting the earth, ensuring justice for women or practically anything at all. However, once a community has been established, its sole purpose is to accomplish its set goals and realize the value which it possesses.
Effective communities based on various interests are therefore the very foundations of human existence and interaction. The ability to genuinely contribute to a community based on a particular interest to which an individual belongs brings forth a truly great sense of accomplishment hence the attention and energy channeled to such an endeavour is expected to produce value.
However, a community can only be efficient and so realize its full and inherent value in a global economy only when its governance system in terms of decision making is openly fair and all embracing. An efficient community can therefore only exist where its members are genuinely concerned or interested in the objectives of their own community which has been created around a particular objective they dentify with and so would be more open to channelling the energy and attention into the cause of such a community in order to produce value rather than being coerced into things one would rather not do.
The hallmark of an efficient community is the achievement of value.

Understanding the Importance of a Financial System in Communities.

The history of the evolution of financial systems is a very much interesting one. It all began and still is in the form of Fiat which as a currency was only started by the Chinese in the form of a bronze shell called the "Chao" at around 1,000AD. Fiats of the modern day are backed by governments and serve the societies within which they are used.
However, since the advent of Bitcoin in 2008, cryptocurrencies have been developed which serve the needs of specific communities who comprise a particular project around which they are built. The financial system of cryptocurrencies, though not yet perfect offers the individual and smaller ecosystems more control over their affairs with a high degree of functionality that may even surpass that offered by traditional fiat systems.
Cryptocurrencies therefore allow for the storage of wealth within a small ecosystem or local currency peculiar to a particular community (often an online community dedicated to a particular purpose) and so allows for such a community's recognition within a global valuation network. A good example is Berkshares.
However, the problems of the non existence of a platform through which a non tech savvy community can develop their own currency and the absence of a structure or mechanism through which they can be valued against each other in a global framework persists.
These problems however, are effectively solved through the project Native.

What is Native and How it Will Revolutionize the Way Communities Operate.

Native is a platform that will ultimately revolutionize the way Communities operate and ultimately make communities an ideal of what they ever truly stood for. From the formation of communities to the running of their affairs in terms of decision making and value creation, Native is the one stop platform.
Native is built upon the Ethereum blockchain and as yet is the only platform which provides that hitherto missing structure and mechanism through which communities can be valued and operated through their own local currencies peculiar to them while also providing an unrivalled set of decision making tools for such communities. Native is also each and every community's gateway into emerging financial ecosystems irrespective of such a community's technical know-how.
Through the instrumentality of Native, the formation of communities for the individual's core and basic interest has been made all the more easier hence communities are what make up the Native platform.
A set of people who are interested in a particular area of human life or anything at all and are passionate about such a thing, for instance, conserving the earth can come together and form a community on Native which would be guaranteed its own currency and a set of decision making tools.
In addition to native being a game changer, it also allows for the following in terms of benefits of starting a community on native which where hitherto simply not there.
  1. While most communities hitherto struggled to get financial assistance or raise capital through bank loans and crowdfunding, Native offers these communities built upon its platform the ability to raise capital through the sale of such a community's tokens.
  2. Native also affords communities the ability to make collective decisions which have been agreed upon by the majority of members of a particular community through the instrumentality of Native's polling feature.
  3. Native provides communities with recognition and one of the foremost wishes of any community, the ability to redeem value within a global framework.

The Features of a Community on Native and the Impact of An Economy that Enables the Accomplishment of Goals by Communities.


https://preview.redd.it/w44urxjynas11.png?width=2880&format=png&auto=webp&s=fba70a744ef3dca92679df78c047609d9e514b96
Communities that thrive on the platform Native are provided excellent features necessary for their growth and efficiency and the realization of value in addition to an economy that enables them to accomplish their set goals.
A community has two main user types these are:

1. The Curator

A curator is the pioneer member of a community and serves as an administrators or leaders of communities given their in depth knowledge of the subject matter around which a community is built. A curator is responsible for setting up contents or approving such contents to be viewed and voted on and Is also responsible for approving tasks completed by members.

2. Members

Members are those who join various communities that they are interested in and actually align with their own interests, goals and aspirations. Members are only incentivized to join a community as a result of the presence of an economy which enables the achievement of goals. Members are responsible for voting on community issues and may even remove a curator if need be.
Communities also possess some other important features necessary for their smooth running and the accomplishment of set goals, these are:

Community Currency.

Each and every community on Native possesses its distinctive currency in the form of a token which has multiple functionality that may even be enhanced by a community if need be.
A community currency first of all serves a medium of exchange within a particular community and so ensures independence while enabling transactions within a particular community. A community currency is central to the realization of a community's value and their reserves are held in the Native Token(NTV).
Community Currencies are also central to membership of communities hence joining a community requires the conversion of the Native Token (NTV) into the Currency of the particular community desired to be joined. The amount whoever depends on that set by the Curator of a community. However, once membership is acquired, a member gains participation rights in a community too.
Communities have the ability of allocating their own currencies to other projects or communities that align with their own objectives. This is made possible through token swaps or even the purchase of such currency by an external party.

Community Fund.

Communities possess a Fund which continues to grow through the sign up of new members, active and high level participation by members of a community as well as the other means of revenue of a community. It is with a community fund that goals are achieved and growth stimulated hence such funds are responsible for the completion community projects and tasks.

Community Collective Decision Making Tools.

There exists various decision making tools for communities on Native through which members can take decisions, vote through polls and and carry out tasks and projects. These include:
(a) Projects:
Members of a community have the power to vote on whether a designated project should be carried out in the community. Until such a decision is reached, the funds responsible for the accomplishment of such a project are escrowed and if a decision is not reached by the required percentage of members, such funds are returned back to the Community Fund.
An example of a project in a community dedicated to Earth Conservation may be to plant trees every month.
(b) Polls:
Polls are general decisions taken by members that may have no impact on the finances of a community. Once a poll is accepted, it may be successful if its voted for by a certain percentage of the members of the community or it may not be successful if such poll dies not garner enough positive votes.
An example of a poll may be "should every member plant a tree every week?"
(c)Tasks:
Tasks are objectives which are set out by a Curator and claimable by the members to perform. Once complete, the performance of the task is reviewed by a curator and a decision reached whether such performance is acceptable and the bounty which is payable in Native Token is earned.
An example of a task may be the organization of a lecture on the need to conserve the earth.

The Native Ecosystem

Native is comprised basically of the Native Token (NTV) and the various community tokens of each community.
Generally tokens within Native are deployed using as Bancor Smart Tokens and with the help of the Bancor Protocol, tokens can be easily exchanged for another transparently and fairly.
Tokens on the Native platform utilize a continuous token model which ensures instant liquidity for tokens, affords an accurate indication of the market size of such a token and enables the determination of the value of a currency based on tangible results rather than mere speculations.

Token and ConnectoReserve Pricing

The price of tokens on the Native platform is calculated using three main variables which include, the value of base currency held in reserve i.e the connector balance, the outstanding balance which is the total number tokens in circulation and the connector weight.
Below is the formula for calculation token price:

https://preview.redd.it/hklvquoaoas11.jpg?width=681&format=pjpg&auto=webp&s=fef219e9c3812f08bf3700abcc5ffa7f0b42d6d9

Valuation of Communities.

Native provides a framework which would measure ad accurately as possible, the value of communities. These indices for the measurement of a community's value are as contained below:

https://preview.redd.it/rq9pigggoas11.jpg?width=902&format=pjpg&auto=webp&s=75ea90c7d7686d40203fe5bc228907eb4e2cc128
The structure of the Native ecosystem enables the alignment of interests between various communities through a base currency and so enables for growth.

The Pioneer Communities of Native.

Native already has about six communities dedicated to various goals which they seek to achieve. These pilot communities include:
  • Earth Guardians: This is an impact driven community with youths at its helm which aims at helping humanity to amplify her views and enabling innovative approaches to solving the problems that plague the human race as well as providing solutions to our most pressing problems.
  • Peace Accelerators: This community comprises of future driven and tech-centric individuals whose main aim is the advancement of world peace through various projects, events and campaigns.
  • Imaginal Films: A collection of content creators, viewers and funders whose major aim is the creation of conscious films.
  • DOLO: Dedicated to the achievement of smarter education through a decentralized society.
  • SDG Futures: A decentralized community and technology stack dedicated to the United Nations' Sustainable Development Goals,
  • Rick and Morty Crew: A rare community of Rick and Morty Fans.

My Dream Community of Shakespearan Poets and HowNative would Change the Way We'd Start, Operate and Grow.

I've always had this desire to write and share poetry, not any kind of poetry but Shakespearean poetry. However, a community dedicated to such poetry is harder to find than gold dust. So instead of channeling my energy to that which I naturally want to do. I haven't been able to do so.
However, with Native, I can simply start a community of Shakespearean poets on the platform and would be automatically granted the opportunity to earn capital through new member sign ups and more importantly, I would be able to find a community of people who are interested in Shakespearean poetry.
I would never have imagined in my wildest dreams but Native would also make available to my community a set of decision making tools in terms of polls (like choosing the best out of submitted poetry works), tasks (like writing a Shakespearean Sonnet) and Projects.
In addition to these, the ability to value operate my community through its own local currency is priceless. The opportunity for growth through Native is close to a hundred percent guaranteed and this opportunity would also be leveraged by my community.
The end result therefore, is a community of Poets (who couldn't have come together without Native in the first place) being able to focus our energy and attention to what we always wanted to do and never could and so produce value.

Use Cases

1. Save the Earth: Earth Conservation Enthusiast Finds Himself a Community

Tom is very enthusiastic about conserving the Earth and her resources in the light of dwindling environmental and atmospheric quality which threatens the overall sustainability of the Earth. However, Tom always felt like he was all alone in this world hence none of his friends even shared as little as an atom of interest in his conservation efforts. With Native however, Tom is able to find a community of like minds who encourage one another and set up tasks like planting of trees. For the first time ever, Tom is really happy about his conservation efforts and finds encouragement in his community of Conservationists.

2.Expression Of Authentic Energy: Alice Finally Gets To Pursue Her Genuine Interest

Alice is a Teacher. However. She does not find value in it because it is not what she wanted to be and so she cannot express her energies authentically while teaching. What Alice ever wanted to do was to trade cryptocurrencies, however, general lack of knowledge and a supportive community was what kept her away from her genuine interesst. With Native, Alice is able to find a community of Crypto Enthusiasts and traders and together they are achieving their dreams of crypto trading. Alice is truly happy in the expression of her genuine interest now. This is what she ever wanted to do and she is doing it thanks to Native.

3. Journey to wellness: An Obese Patient getting reassurance and tips from his Kind

Mark has been Obese for as long as he could remember, however he has never ever set sight on another obese person with whom he can discuss and probably get tips for improvement and how Obesity can be overcome. However, Mark discovers Native and finds a community that is dedicated to the cause of those are Obese, Mark really finds a home in this community and with tips from the members of his new found community, he is well on his way to wellness.

Conclusion.

Native is a very much brilliant idea, one that affords communities the opportunity to realize the value that they inherently possess through the instrumentality of local currencies and decision making tools. This opens the gateway for the valuation of communities even within a global framework. One of the foremost advantages of Native which really captures my attention is the ability granted to every community irrespective of technical know-how to operate their own local currencies.
With Native too, the expression of interests has been made relatively easier hence one can find his own community or even create one to express that which he always aspired to do but could not. Native has effortlessly revolutionized what was understood to be a community and i were to describe it in a few words, i'll simply say Native is an El Dorado for communities.

The Team

The Native Team is led by Jake Vartanian whose experience ultimately led to the Native Platform. He is also the founder of Cryptodex.

https://preview.redd.it/g62njcbsoas11.jpg?width=798&format=pjpg&auto=webp&s=89b39885d0a1bfe9768bc03d002fccb30eb8216a

https://preview.redd.it/s7g0lda1pas11.jpg?width=785&format=pjpg&auto=webp&s=30ee88e747a0d977973d8f5cf5f1ab573119fe54

The Roadmap

https://preview.redd.it/snxg9kacpas11.jpg?width=1920&format=pjpg&auto=webp&s=718fd6be5a20c5212ff7127cad14bb9b4ec66e4b
For more information, check out these sources:
submitted by Blezdben to cateredcontent [link] [comments]

Future Outlook: Splitting (Forking) The Chain Is Not The Best, But The ONLY Possibility That Bitcoin Can Survive Long-Term - The Vision For The Inevitable Future

I am following Bitcoin since 2011 (although my personal "financial participation" started much later, if you know what I mean), and I have changed my mind twice during this time when it comes to the question of best scaling strategy, because I continuously gathered new information in the process and got new insights through discussions and deep self-reflection. Since I never identified my own personality with one way or the other, I could afford adapting my opinion to my own evolving convictions without losing my face in front of myself!
Today I think that the best way for Bitcoin would be a step-wise "scaling and use-case-enabling by feature-adding" strategy that comprises both on- and off-chain scaling as well as cautious protocol enhancements that enable proper use of layer 2 technologies, which serve different scaling uses-cases than the on-chain scaling, and neither on- nor off-chain scaling can do it alone.
At the same time, I observe the discussions in the community, and while there are many reasonable participants (maybe even the majority, if I assume that the silent majority is in "read-only" mode), I also see a lot of extreme views and fallacies on both sides of the discussion, which is not surprising, as everything in nature is a Gaussian curve, including the distribution of opinions. This includes the following (in my conviction wrong) views, for example:
List of a few wrong statements (I could write many more):
So given this natural Gaussian distribution of opinions, I consider it extremely unlikely (actually "completely impossible"!) that SegWit (or any other scaling solution or important protocol update) [of course I know that SegWit is more than just scaling] will EVER get a 95% majority for activation. Unfortunately, this is completely independent of how good that solution is. Every solution has trade-offs against any other alternative solution, and different people will weigh the pros and cons differently, due to individual judgement.
Just think of any question of human or political life: Think of some aspect that you, yourself, consider "completely and obviously true". And now think about how many percent of the population (which includes people in other parts of society outside your circle of friends) is of different opinion than you on this aspect! Probably more than 5%, unless you picked a VERY obvious example like "I should not push another person out of the window in the 10th floor".
Now, taking this Gaussian distribution problem (and the tails of this distribution), combined with the fact that many people are not able to compromise and some are too "proud" or too unflexible to admit own former mistakes, you have inevitably a deadlock in Bitcoin. In addition, bad actors may misuse these circumstances for their own purposes and create extra propaganda to divide the community even further - from the outside observer it is hard to tell who is the malicious actor and who is the "useful idiot" - after all you may be the useful idiot yourself and think the others are...
So, what I see is this:
In the meantime, certain altcoins do activate SegWit (maybe Litecoin first, or Vertcoin [a decentralized "honest" CPU mining bitcoin/litecoin-clone of small market cap]) and thereby enable L2 technologies. In the meantime, also global Bitcoin adoption and crypto adoption keeps on growing, TX fees keep on rising in Bitcoin, and as Bitcoin contains to stall, the ECO-SYSTEM will increasingly look for new opportunities to offer its services. As a first step, as Bitcoin transactions become as expensive as 1 or 2 USD and more, people may divert to Litecoin (whose blocks today are almost empty and whose capacity with SegWit is 8 times Bitcoin's capacity). In a next step (or in parallel), L2-solutions will evolve on top of Litecoin (Bitcoin leaves the eco-system no other choice) and/or others.
In the meantime, the scaling and feature debate in the Bitcoin community will intensify, but without coming any closer to a common consensus. On the contrary: The fronts will rather solidify on the b-core and the BU camp, and mutual accusations will intensify the more the situation degrades.
Later-on, the decentralized crypto-eco-system will move more and more to those solutions that do offer those scaling solutions, both on-chain and "semi-off-chain" (like LN), that Bitcoin does not offer. Bitcoin market cap share decreases dramatically as a result, maybe from 90% to 70% to 50% and below. But this will just lead to an even deeper divide in the toxic community, where each side will accuse the other side of blocking the "right" solution and thereby being responsible for Bitcoin's decay.
At this moment, at least everyone acknowledges and realizes that "doing nothing" is not the right solution, and Bitcoin will eventually split (fork) into two chains:
After this split, the Bitcoin eco-system may face particular problems (unless they haven't been sonsidered pre-fork):
If these problems have been sorted out (hopefully having been taken care of before the fork), both sub-Bitcoins can realize their vision.
Maybe both "sub-Bitcoins" will find their place and their justification and can peacefully coexist from that point onwards, because all the ideologists and pragmatists from both camps can now live their dreams according to their likings, and have no reason any more to fight the "other side" for standing in their way.
The later this split (=fork) happens, the more difficult it will be to gain back market share from other competing altcoins. At one point the point of no return might be reached and Bitcoin becomes obsolete.
Bottom Line:
submitted by Amichateur to btc [link] [comments]

Future Outlook: Splitting (Forking) The Chain Is Not The Best, But The ONLY Possibility That Bitcoin Can Survive Long-Term - The Vision For The Inevitable Future

I am following Bitcoin since 2011 (although my personal "financial participation" started much later, if you know what I mean), and I have changed my mind twice during this time when it comes to the question of best scaling strategy, because I continuously gathered new information in the process and got new insights through discussions and deep self-reflection. Since I never identified my own personality with one way or the other, I could afford adapting my opinion to my own evolving convictions without losing my face in front of myself!
Today I think that the best way for Bitcoin would be a step-wise "scaling and use-case-enabling by feature-adding" strategy that comprises both on- and off-chain scaling as well as cautious protocol enhancements that enable proper use of layer 2 technologies, which serve different scaling uses-cases than the on-chain scaling, and neither on- nor off-chain scaling can do it alone.
At the same time, I observe the discussions in the community, and while there are many reasonable participants (maybe even the majority, if I assume that the silent majority is in "read-only" mode), I also see a lot of extreme views and fallacies on both sides of the discussion, which is not surprising, as everything in nature is a Gaussian curve, including the distribution of opinions. This includes the following (in my conviction wrong) views, for example:
List of a few wrong statements (I could write many more):
So given this natural Gaussian distribution of opinions, I consider it extremely unlikely (actually "completely impossible"!) that SegWit (or any other scaling solution or important protocol update) [of course I know that SegWit is more than just scaling] will EVER get a 95% majority for activation. Unfortunately, this is completely independent of how good that solution is. Every solution has trade-offs against any other alternative solution, and different people will weigh the pros and cons differently, due to individual judgement.
Just think of any question of human or political life: Think of some aspect that you, yourself, consider "completely and obviously true". And now think about how many percent of the population (which includes people in other parts of society outside your circle of friends) is of different opinion than you on this aspect! Probably more than 5%, unless you picked a VERY obvious example like "I should not push another person out of the window in the 10th floor".
Now, taking this Gaussian distribution problem (and the tails of this distribution), combined with the fact that many people are not able to compromise and some are too "proud" or too unflexible to admit own former mistakes, you have inevitably a deadlock in Bitcoin. In addition, bad actors may misuse these circumstances for their own purposes and create extra propaganda to divide the community even further - from the outside observer it is hard to tell who is the malicious actor and who is the "useful idiot" - after all you may be the useful idiot yourself and think the others are...
So, what I see is this:
In the meantime, certain altcoins do activate SegWit (maybe Litecoin first, or Vertcoin [a decentralized "honest" CPU mining bitcoin/litecoin-clone of small market cap]) and thereby enable L2 technologies. In the meantime, also global Bitcoin adoption and crypto adoption keeps on growing, TX fees keep on rising in Bitcoin, and as Bitcoin contains to stall, the ECO-SYSTEM will increasingly look for new opportunities to offer its services. As a first step, as Bitcoin transactions become as expensive as 1 or 2 USD and more, people may divert to Litecoin (whose blocks today are almost empty and whose capacity with SegWit is 8 times Bitcoin's capacity). In a next step (or in parallel), L2-solutions will evolve on top of Litecoin (Bitcoin leaves the eco-system no other choice) and/or others.
In the meantime, the scaling and feature debate in the Bitcoin community will intensify, but without coming any closer to a common consensus. On the contrary: The fronts will rather solidify on the b-core and the BU camp, and mutual accusations will intensify the more the situation degrades.
Later-on, the decentralized crypto-eco-system will move more and more to those solutions that do offer those scaling solutions, both on-chain and "semi-off-chain" (like LN), that Bitcoin does not offer. Bitcoin market cap share decreases dramatically as a result, maybe from 90% to 70% to 50% and below. But this will just lead to an even deeper divide in the toxic community, where each side will accuse the other side of blocking the "right" solution and thereby being responsible for Bitcoin's decay.
At this moment, at least everyone acknowledges and realizes that "doing nothing" is not the right solution, and Bitcoin will eventually split (fork) into two chains:
After this split, the Bitcoin eco-system may face particular problems (unless they haven't been sonsidered pre-fork):
If these problems have been sorted out (hopefully having been taken care of before the fork), both sub-Bitcoins can realize their vision.
Maybe both "sub-Bitcoins" will find their place and their justification and can peacefully coexist from that point onwards, because all the ideologists and pragmatists from both camps can now live their dreams according to their likings, and have no reason any more to fight the "other side" for standing in their way.
The later this split (=fork) happens, the more difficult it will be to gain back market share from other competing altcoins. At one point the point of no return might be reached and Bitcoin becomes obsolete.
Bottom Line:
submitted by Amichateur to Bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] NavCoin: Where We Stand & Where We Are Going

The following post by celio51 is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7wu1mh
The original post's content was as follows:
From agent_cooper90:
For the community and all of the newcomers who may drop in here, I figured I'd write up a post outlining some of the core features of Nav, both currently existing and future. I am bound to miss some things/mis-interpret the occasional detail, so if I mess up, please chip in!
Where We Stand Now:
Nav is a Proof of Stake, privacy-optional coin that focuses on 'Simplifying Cryptocurrency'. Great, what does that mean? (I'll chose not to label it as a pure privacy coin because the Monero guys will claim that optional privacy is not truly private, etc.)
I'll start with the simplifying part. At the moment, in addition to the NavCore wallet (we'll get to that), we already have NavPay a light version of the wallet that makes sending and receiving money a breeze. Check out the video NavPay is already available for Android and is pending approval for iOS (the app has passed technical review, but Nav needs to be added to Apple's cryptocurrency whitelist before the app can be added to the store)
There is also the NavCoin Core wallet. This is where Proof of Stake comes into play. When you download the core wallet either on your PC/Raspberry Pi (or if you get a NavPi, it's mostly all set up for you) and enable staking, you are essentially performing the equivalent of mining for Navcoin. As a staker, you are forming a node in the blockchain that helps verify transactions. Unlike Proof of Work coins like Bitcoin, however, Proof of Stake is much more energy friendly, which is why it can be done on a raspberry pi! As a reward for your staking you receive 5% return in Nav annually, with the implementation of the Community Fund (which we will talk about in a sec), this % drops to 4% annually.
Finally, there is the privacy aspect of Nav. Nav achieves privacy by sending private transactions through a secondary subchain which effectively detaches the sender and receiver in a transaction. At the moment, this subchain is run on a more consolidated web of servers, but I believe anyone can setup a server to serve the private chain, see https://navtechservers.com/navtech-servers/.
Where We Are Going
In a nutshell, the two biggest developments coming are Valence & the Community fund. This is not to say that there isn't more that the team is working on, see roadmap. Let's get into it.
Valence: this brings Nav into the platform realm (Eth, Neo, etc.). While it remains to be seen how specifically Valence will function (white paper release in near future), in keeping with NavCoin's motto of simplifying crypto, the goal is to create a development platform like Ethereum that is more approachable for a more generalist subset of engineers (those who aren't in tune with the details of smart contracts, etc.). Valence will take care of the blockchain/smartcontracts aspect of a dApp, freeing the developer to work on the core business logic of the app.
In addition to the platform itself, the team is planning on building two apps on top of the platform to help with adoption:
1) NavChange: this will facilitate exchange between Nav and other cryptocurrencies. This will help people get into and out of many cryptocurrencies without the need for an exchange.
3) NavDelta: this utilizes NavChange to allow people to pay with Nav at a location that accepts any form of crypto that is supported by NavChange. For example, if Nano is supported by NavChange and you want to pay for dinner at a restaurant that only accepts fiat and Nano, you could pay with your Nav and NavDelta would convert it to Nano for payment.
"Why not just have Nano then?" you might ask. Well, if everyone in the world starts accepting Nano, you'd be right to just hold and use Nano. The reality is, however, more likely that different vendors will accept different currencies (like we see with credit cards). NavDelta + NavChange allows one to not have to hold multiple currencies to pay for what they want.
Community Fund: As mentioned above, the team is implementing a community fund that will be backed by 20% of all node's staking rewards annually. Some in the past have argued that this is a form of centralization and as such is a con for the coin. I would disagree. Those who stake (the node operators) are the ones who vote, not the central team. Provided there is consensus amongst the community, the team is given the directive to work on the feature that was approved by the community. Only when the feature has been implemented successfully do the funds allocated for the feature get released. So in reality, a decentralized body is voting to implement a feature that a dedicated team will execute. If anything, this gives me peace of mind.
That just about sums up my thoughts, please add more if you have them!
EDIT: I previously misstated the amount of backing the Community Fund will receive from staking rewards as 1% per node. Current staking rewards are 5% per annum. After Community Fund is implemented a node will still generate 5% return, of which 80% goes to the node operator & 20% goes to the community fund, reducing the effective staking reward for the operator to 4% per annum. Thank you to KnifeOfPi2 for pointing out this error!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Samson Mow to be on 8BTC AMA amid Strong Anti-Core Sentiment

Samson Mow, COO of BTCC, will host an AMA on 8btc forum on Bitcoin scaling and SegWit. Questions raised between 29th Nov to 2nd Dec will be addressed by Samson in person. The deadline for raising questions is NYT 01:00 am 2nd Nov. 8btc now is collecting questions from communities all around the world. Valuable questions based on vote or popularity basis will be thrown to Samson.
For those who are not familiar with the situation, please see :https://www.reddit.com/btc/comments/5fw08g/some_facts_you_need_to_know_about_samson_mows_ama/
Samson Mow is at the center of the increasingly heated discussions on SW and scaling. Last week, a Chinese miner Jiang Zhuoer, has likened CORE’s roadmap of 1MB blocksize to the atrocity of an authoritarian government in 1970s (you know it) and believed only the miner have the right to decide the blocksize. Jiang concludes his article by saying” that someone will be nailed down on the pillar of humiliation of history”. Then how will Mr. Mow or does Mr. Mow dare to respond to all the reproaches and other questions raised by the community? Let’s square up to see it.
Here are some questions already raised by Chinese community from the AMA thread, we have translated them into English for your reference:
From BW.com:(a company providing mining solutions) 1. Has BTCC pool done extensive test on 0.13.1 SegWit code? Can you release test report? 2. Does BTCC pool support SW as pool(miner) or as exchange? 3. Has BTCC Pool’s support of SW gained understanding and support from miners in your pool? In another way, has BTCC pool explained pros and cons of various options? Any relevant explanatory information can be shared to other pools for reference? 4. Does BTCC pool have any contingency plan for possible bugs of SW recently discussed in Reddit? 5. Does it mean that BTCC pool will not conform to 2015 Beijing Pool Conference Declaration* and 2016 Hong Kong Consensus**?
for Declaration please see: http://news.8btc.com/look-back-hong-kong-round-table-consensus-and-beijing-declaration *for Consensus please see: http://news.8btc.com/look-back-hong-kong-round-table-consensus-and-beijing-declaration
Questions from Jiang Zhuoer (an opinion leader and miner, who has already asked harsh questions on 8btc’s forum, which has triggered heated discussions on reddit):
  1. Mr. Mow, please directly answer: Dose BTTC support that 1M blocksize should remain so permanently or believe it should be scaled at a proper time in the future?
During the 3-year-long argument of scaling, CORE has never discussed the scaling to bigger blocksize and never expressed its readiness or willingness of scaling in any of its roadmap or future plan. It’s CORE’s attitude that leads to the repeated catfight within the community, which is now falling apart.
If BTCC supports bigger blocksize (instead of permanent 1M blocksize), what measures will BTCC take to urge CORE to scale?
2.On 21st Feb 2016, China’s major bitcoin companies including OKcoin, Bitmain, BTCC, Antpool, BW,F2pool haoBTC,, lighteningasic, blockcloud together with Blockstream and Core have jointly issued Hong Kong Consensus. The core article in the consensus is :
“We will run a SegWit release in production by the time such a hard-fork(a block bigger than 2M) is released in a version of Bitcoin Core.”
In essence, the article is a quid pro quo (a favor for a favor). It means SW is used in exchange for block scaling. It serves as a push for CORE to scale. This the best solution to solve the argument of scaling. The hopes of peacefully solving the problem hinges on it.
Bobby LEE, CEO of BTCC, and Samson Mow, COO of BTCC, both signed on the consensus.
Now May I ask:
for what reason is BTCC violating a consensus with your own signatures? For what reason is BTTC betraying the China’s bitcoin companies? Want to run a SW release in production even before CORE publishes 2M blocksize code? In the world of bitcoin seeing credit as the most important thing, what is reason for BTCC to flout the consensus? How could users believe deposits on BTCC are safe and believe BTCC is not reincarnation of Mt.Gox?
3.Those who support scaling are all for SW. What they are against is the permanent roadmap of 1M blocksize of CORE and the soft-fork- based SW. So Mr. Mow, do please answer the questions directly this time. Do not evade the key questions and do not lecture the benefits of SW. Please talk more on the core, directly face the question of your attitude towards permanent 1M block, of your way to urge CORE to scale.
All of us are busy, It’s not that easy for Mr.Mow, out of your busy schedule, to answer the community’s most pressing questions. Isn’t it?
Now 8btc invite friends from outside Chinese community to submit your questions. We strongly recommend you sate your questions directly on 8btc forum in English as Samson can speak both Chinese and English. For your convenience, you can: 1) Create an account on http://news.8btc.com where English registering guidance is available 2) log in on the AMA tread using your account: http://8btc.com/thread-42814-1-1.html 3)Just type your questions in English on the bottom areas and 8btc will later translate them into Chinese for other’s reference. You can also type your questions directly in the comments, and we will try to move them to 8btc’s forum. We do wish people outside Chinese community could participate in the AMA to make the whole circle more cohesive. We need your voices; we need your wisdom. The more discerning your questions are, the more people will be enlightened. When we are trying to eliminate the language barrier this time, sparks of wisdom will be clearer.
submitted by 8btccom to Bitcoin [link] [comments]

Samson Mow to be on 8BTC AMA amid Strong Anti-Core Sentiment

Samson Mow, COO of BTCC, will host an AMA on 8btc forum on Bitcoin scaling and SegWit. Questions raised between 29th Nov to 2nd Dec will be addressed by Samson in person. The deadline for raising questions is NYT 01:00 am 2nd Nov.
8btc now is collecting questions from communities all around the world. Valuable questions based on vote or popularity basis will be thrown to Samson.
For those who are not familiar with the situation, please see https://www.reddit.com/Bitcoin/comments/5fwavq/3_facts_you_need_to_know_about_samson_mows_ama_on/
Samson Mow is at the center of the increasingly heated discussions on SW and scaling. Last week, a Chinese miner Jiang Zhuoer, has likened CORE’s roadmap of 1MB blocksize to the atrocity of an authoritarian government in 1970s (you know it) and believed only the miner have the right to decide the blocksize. Jiang concludes his article by saying” that someone will be nailed down on the pillar of humiliation of history”. Then how will Mr. Mow or does Mr. Mow dare to respond to all the reproaches and other questions raised by the community? Let’s square up to see it.
Here are some questions already raised by Chinese community from the AMA thread, we have translated them into English for your reference:
From BW.com:(a company providing mining solutions) 1.Has BTCC pool done extensive test on 0.13.1 SegWit code? Can you release test report?
2.Does BTCC pool support SW as pool(miner) or as exchange?
3.Has BTCC Pool’s support of SW gained understanding and support from miners in your pool? In another way, has BTCC pool explained pros and cons of various options? Any relevant explanatory information can be shared to other pools for reference?
4.Does BTCC pool have any contingency plan for possible bugs of SW recently discussed in Reddit?
5.Does it mean that BTCC pool will not conform to 2015 Beijing Pool Conference Declaration* and 2016 Hong Kong Consensus**?
for Declaration please see: http://news.8btc.com/look-back-hong-kong-round-table-consensus-and-beijing-declaration *for Consensus please see: http://news.8btc.com/look-back-hong-kong-round-table-consensus-and-beijing-declaration
Questions from Jiang Zhuoer (an opinion leader and miner, who has already asked harsh questions on 8btc’s forum, which has triggered heated discussions on reddit):
1.Mr. Mow, please directly answer: Dose BTTC support that 1M blocksize should remain so permanently or believe it should be scaled at a proper time in the future?
During the 3-year-long argument of scaling, CORE has never discussed the scaling to bigger blocksize and never expressed its readiness or willingness of scaling in any of its roadmap or future plan. It’s CORE’s attitude that leads to the repeated catfight within the community, which is now falling apart.
If BTCC supports bigger blocksize (instead of permanent 1M blocksize), what measures will BTCC take to urge CORE to scale?
2.On 21st Feb 2016, China’s major bitcoin companies including OKcoin, Bitmain, BTCC, Antpool, BW,F2pool haoBTC,, lighteningasic, blockcloud together with Blockstream and Core have jointly issued Hong Kong Consensus. The core article in the consensus is :
“We will run a SegWit release in production by the time such a hard-fork(a block bigger than 2M) is released in a version of Bitcoin Core.”
In essence, the article is a quid pro quo (a favor for a favor). It means SW is used in exchange for block scaling. It serves as a push for CORE to scale. This the best solution to solve the argument of scaling. The hopes of peacefully solving the problem hinges on it.
Bobby LEE, CEO of BTCC, and Samson Mow, COO of BTCC, both signed on the consensus.
Now May I ask: for what reason is BTCC violating a consensus with your own signatures? For what reason is BTTC betraying the China’s bitcoin companies? Want to run a SW release in production even before CORE publishes 2M blocksize code?
In the world of bitcoin seeing credit as the most important thing, what is reason for BTCC to flout the consensus? How could users believe deposits on BTCC are safe and believe BTCC is not reincarnation of Mt.Gox?
3.Those who support scaling are all for SW. What they are against is the permanent roadmap of 1M blocksize of CORE and the soft-fork- based SW.
So Mr. Mow, do please answer the questions directly this time. Do not evade the key questions and do not lecture the benefits of SW. Please talk more on the core, directly face the question of your attitude towards permanent 1M block, of your way to urge CORE to scale.
All of us are busy, It’s not that easy for Mr.Mow, out of your busy schedule, to answer the community’s most pressing questions. Isn’t it?
to be continued...
Now 8btc invite friends from outside Chinese community to submit your questions.
We strongly recommend you sate your questions directly on 8btc forum in English as Samson can speak both Chinese and English. For your convenience, you can: 1) Create an account on http://news.8btc.com where English registering guidance is available 2) log in on the AMA tread using your account: http://8btc.com/thread-42814-1-1.html 3)Just type your questions in English on the bottom areas and 8btc will later translate them into Chinese for other’s reference. You can also type your questions directly in the comments, and we will try to move them to 8btc’s forum. We do wish people outside Chinese community could participate in the AMA to make the whole circle more cohesive. We need your voices; we need your wisdom. The more discerning your questions are, the more people will be enlightened. When we are trying to eliminate the language barrier this time, sparks of wisdom will be clearer.
submitted by blockchainera to Bitcoin [link] [comments]

12-01 11:27 - 'Samson Mow to be on 8BTC AMA amid Strong Anti-Core Sentiment' (self.Bitcoin) by /u/8btccom removed from /r/Bitcoin within 2-7min

'''
Samson Mow, COO of BTCC, will host an AMA on 8btc forum on Bitcoin scaling and SegWit. Questions raised between 29th Nov to 2nd Dec will be addressed by Samson in person. The deadline for raising questions is NYT 01:00 am 2nd Nov. 8btc now is collecting questions from communities all around the world. Valuable questions based on vote or popularity basis will be thrown to Samson. For those who are not familiar with the situation, please see Samson Mow is at the center of the increasingly heated discussions on SW and scaling. Last week, a Chinese miner Jiang Zhuoer, has likened CORE’s roadmap of 1MB blocksize to the atrocity of an authoritarian government in 1970s (you know it) and believed only the miner have the right to decide the blocksize. Jiang concludes his article by saying” that someone will be nailed down on the pillar of humiliation of history”. Then how will Mr. Mow or does Mr. Mow dare to respond to all the reproaches and other questions raised by the community? Let’s square up to see it. Here are some questions already raised by Chinese community from the AMA thread, we have translated them into English for your reference: From BW.com:(a company providing mining solutions) 1. Has BTCC pool done extensive test on 0.13.1 SegWit code? Can you release test report? 2. Does BTCC pool support SW as pool(miner) or as exchange? 3. Has BTCC Pool’s support of SW gained understanding and support from miners in your pool? In another way, has BTCC pool explained pros and cons of various options? Any relevant explanatory information can be shared to other pools for reference? 4. Does BTCC pool have any contingency plan for possible bugs of SW recently discussed in Reddit? 5. Does it mean that BTCC pool will not conform to 2015 Beijing Pool Conference Declaration* and 2016 Hong Kong Consensus**? for Declaration please see: [link]1 *for Consensus please see: [link]1 Questions from Jiang Zhuoer (an opinion leader and miner, who has already asked harsh questions on 8btc’s forum, which has triggered heated discussions on reddit): Mr. Mow, please directly answer: Dose BTTC support that 1M blocksize should remain so permanently or believe it should be scaled at a proper time in the future? During the 3-year-long argument of scaling, CORE has never discussed the scaling to bigger blocksize and never expressed its readiness or willingness of scaling in any of its roadmap or future plan. It’s CORE’s attitude that leads to the repeated catfight within the community, which is now falling apart. If BTCC supports bigger blocksize (instead of permanent 1M blocksize), what measures will BTCC take to urge CORE to scale? On 21st Feb 2016, China’s major bitcoin companies including OKcoin, Bitmain, BTCC, Antpool, BW,F2pool haoBTC,, lighteningasic, blockcloud together with Blockstream and Core have jointly issued Hong Kong Consensus. The core article in the consensus is : “We will run a SegWit release in production by the time such a hard-fork(a block bigger than 2M) is released in a version of Bitcoin Core.” In essence, the article is a quid pro quo (a favor for a favor). It means SW is used in exchange for block scaling. It serves as a push for CORE to scale. This the best solution to solve the argument of scaling. The hopes of peacefully solving the problem hinges on it. Bobby LEE, CEO of BTCC, and Samson Mow, COO of BTCC, both signed on the consensus. Now May I ask: for what reason is BTCC violating a consensus with your own signatures? For what reason is BTTC betraying the China’s bitcoin companies? Want to run a SW release in production even before CORE publishes 2M blocksize code? In the world of bitcoin seeing credit as the most important thing, what is reason for BTCC to flout the consensus? How could users believe deposits on BTCC are safe and believe BTCC is not reincarnation of Mt.Gox? Those who support scaling are all for SW. What they are against is the permanent roadmap of 1M blocksize of CORE and the soft-fork- based SW. So Mr. Mow, do please answer the questions directly this time. Do not evade the key questions and do not lecture the benefits of SW. Please talk more on the core, directly face the question of your attitude towards permanent 1M block, of your way to urge CORE to scale. All of us are busy, It’s not that easy for Mr.Mow, out of your busy schedule, to answer the community’s most pressing questions. Isn’t it? Now 8btc invite friends from outside Chinese community to submit your questions. We strongly recommend you sate your questions directly on 8btc forum in English as Samson can speak both Chinese and English. For your convenience, you can: 1) Create an account on [link]3 where English registering guidance is available 2) log in on the AMA tread using your account: [link]4 3)Just type your questions in English on the bottom areas and 8btc will later translate them into Chinese for other’s reference. You can also type your questions directly in the comments, and we will try to move them to 8btc’s forum. We do wish people outside Chinese community could participate in the AMA to make the whole circle more cohesive. We need your voices; we need your wisdom. The more discerning your questions are, the more people will be enlightened. When we are trying to eliminate the language barrier this time, sparks of wisdom will be clearer.
'''
Samson Mow to be on 8BTC AMA amid Strong Anti-Core Sentiment
Go1dfish undelete link
unreddit undelete link
Author: 8btccom
1: n*ws*8btc.com/l***-b*c*-hon*-*o*g*rou*d-t*ble-co**ensus*an*-beiji*g-dec**ration 2: *e*s.*b*c.com/look-back-hong-kong**o**d-*abl****nse*su*-and***ij*ng-decla*ation 3: news.**t*.com 4: 8btc*com*thr*ad-4***4-*-1.h*ml
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitcoin I Roadmap to Accumulating A Lot!!!!!! Bitcoin Triangle Of Opportunity (Or Destruction!) July 2019 Price Prediction, News & Trade Analysis Bitcoin Should YOU Be Bullish? November 2019 Price Prediction, News & Trade Analysis Bitcoin Eyeing $12,000?! (Critical Levels of PEACE!) February 2020 Price Prediction & News Analysis Bitcoin Ready For MORE?! (Levels Of Peace AHEAD!) January 2020 Price Prediction & News Analysis

On August 1st this year (2017) there is a chance Bitcoin will experience a chain-split. A significant portion of all Bitcoin users are committed to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148). They will reject any Bitcoin blocks that do not signal support for Segregated Witness (SegWit), the centerpiece of Bitcoin Core ’s scaling roadmap. What Bitcoin Engines offers? Long-term store of value. An ultimate electronic store of value - a better form of gold with the aim of holding one’s life savings with complete peace of mind. Protected from theft. Every transaction is alerted on-chain for 144 blocks and can be cancelled in an emergency with a recovery key within 24 hours. Many of the software developers who work in a software project called “Bitcoin Core” are also supporting it. BIP148 poses a significant risk for the Bitcoin ecosystem, so we are preparing a contingency plan to protect the economic activity on the Bitcoin blockchain from this threat. The New York agreement is also continuously and intentionally sabotaged by a group of software developers ... What Bitcoin Vault offers? Long-term store of value. An ultimate electronic store of value - a better form of gold with the aim of holding one’s life savings with complete peace of mind. Protected from theft. Every transaction is alerted on-chain for 144 blocks and can be cancelled in an emergency with a recovery key within 24 hours ... Bitcoin is not private, it is merely pseudonymous. But, with the importance of privacy baked directly into its core ideals, many Bitcoiners have developed powerful privacy-enhancing techniques for use in combination with the base technology.

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Bitcoin I Roadmap to Accumulating A Lot!!!!!!

Bitcoin Ready For MORE?! (Levels Of Peace AHEAD!) January 2020 Price Prediction & News Analysis - Duration: 38:13. Krown's Crypto Cave 10,039 views. 38:13. Mix Play all Mix - Krown's Crypto Cave ... To get started with Mr. Krypto click on one of these affiliate links.. Low Risk: USI Tech: https://mrkrypto.usi-tech.info/ Bitconnect: https://bitconnect.co/... Bitcoin Eyeing $12,000?! (Critical Levels of PEACE!) February 2020 Price Prediction & News Analysis (Critical Levels of PEACE!) February 2020 Price Prediction & News Analysis - Duration: 36:37. Bitcoin Eyeing $12,000?! (Critical Levels of PEACE!) February 2020 Price Prediction & News Analysis (Critical Levels of PEACE!) February 2020 Price Prediction & News Analysis - Duration: 36:37. Close. This video is unavailable.

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