(PDF) How Does Price of Bitcoin Volatility Change?

Which type of curren(t) do you want to see(cy)? An analysis of the intention behind bitcoin(s). Part 3

Part 1
Part 2
So I have been subbed to /bitcoin since it had less than two thousand subs but haven't posted there in years. I think I took a break from researching bitcoin to take a foray into the world of conspiracy around 2014 and only got back in to it around the beginning of 2017 but with a bit of sense of skepticism and cynicism about everything. I think I returned to /bitcoin around that time but there had been a rift that had emerged in the community between those that said that bitcoin was censoring any discussion around big blocks but then also just censorship in general. This lead to the formation of /btc which became the main spot for big blockers to gather to talk about protocol development. Following the fork of Bitcoin Cash and SegWit (BTC) in August 2017 the camps were further divided when the fence sitters were denied their SegWit2x compromise. Many from the fence sitters then deferred back to the incumbent bitcoin as citing muh network effect, liquidity, and hashpower while some who felt betrayed by the failure of getting S2X through went to support BCH for some attempt at on chain scaling rather than through pegged side chains or Lightning Network.
Bitcoin cash initially went with a modest doubling of the blocksize to 2MB but implemented some other features like a new more rapidly adjusting difficulty algorithm to protect themselves against hashpower fluctuations from the majority chain. In about July of that year I had seen what I potentially thought was someone LARPing on /biz/ but screencapped, that segwit2x which was scheduled for november 2017 would be called off and then hashpower would switch to BCH causing congestion and chain death spiral on BTC and BCH would pump massively. I was partial to the idea as the game theory and incentives on a big block bitcoin should attract miners. About a month after SegWit2x was indeed called off while the BTC blockchain was hugely congested, BCH went through a violent pump reaching 0.5 BTC/BCH on a European exchange called Kraken while it also pumped ridiculously on American exchange coinbase. Shortly afterwards the market took a giant dump all over those people who bought the top and it has since retraced to roughly 30:1 or so now.
After that pump though BCH kind of gained some bagholders I guess who started to learn the talking points presented by personalities like Roger Ver, Jihan Wu, Peter Rizun and Amaury Sechet. Craig S Wright by this time had been outed as Satoshi but had in 2016 publicly failed to convince the public with the cryptographic proof he provided. To which he later published the article I don't have the courage to prove I am the bitcoin creator. In essence this allowed many to disregard anything he offered to the crypto community though his company nChain was very much interested in providing the technical support to scale what he saw as the true implementation of bitcoin. Following debate around a set of planned protocol upgrades between a bitcoin node implementation by his company nChain and the developers of another client Bitcoin ABC (adjustable block cap), the two parties both dug their heels in and wouldn't compromise.
As it became clear that a fork was imminent there was a lot of vitriol tossed out towards Wright, another big billionaire backer Calvin Ayre and other personalities like Roger Ver and Jihan Wu. Craig's credibility was disregarded because of his failure to provide convincing cryptographic proof but still people who wanted to pursue the protocol upgrades that nChain were planning (as it best followed their interpretation of the bitcoin white paper) pursued his variant, while others who followed the socia consensus deferred to the positions of their personalities like Wu, Ver, and Sechet but even developers from Ethereum and other protocols chimed in to convince everyone that CSW is a fraud. This was referred to as the hash war and was the first time that the bitcoin protocol had been contentiously hard forked.

Hashpower is the CPU cycles you can commit to the Proof of Work function in bitcoin and the majority will generate the longest chain as they have the most proof of work. To win the contentious hard fork legitimately and make sure your chain will always be safe going forward you need to maintain your version of the blockchain with 51% of the hashpower on the network and force the other parties to continue to spend money on building a blockchain that is never going to be inserted in to the majority chain. As well as this you need to convince exchanges that you have the majority chain and have them feel safe to accept deposits and withdrawals so that they don't lose money in the chaos. This is how it would play out if both parties acted according to the rules of bitcoin and the Nakamoto Consensus.

There was a lot of shit talking between the two parties on social media with Craig Wright making a number of claims such as "you split, we bankrupt you" "I don't care if there is no ability to move coins to an exchange for a year" and other such warnings not to engage in foul play.. To explain this aftermath is quite tedious so It might be better to defer to this video for the in depth analysis but basically Roger Ver had to rent hashpower that was supposed to be mining BTC from his mining farm bitcoin.com, Jihan Wu did the same from his Bitmain Mining Farm which was a violation of his fiduciary duty as the CEO of a company preparing for an IPO. In this video of a livestream during the hashwar where Andreas Brekken admits to basically colluding with exchange owners like Coinbase, Kraken (exchange Roger Ver invested in), Bitfinex and others to release a patched ABC client to the exchanges and introducing "checkpoints" in to the BCH blockchain (which he even says is arguably "centralisation") in order to prevent deep reorgs of the BCH blockchain.
>"We knew we were going to win in 30 mins we had the victory because of these checkpoints that we released to a cartel of friendly businesses in a patch so then we just sat around drinking beers all day".
By releasing a patched client that has code in it to prevent deep reorgs by having the client refer to a checkpoint from a block mined by someone who supported BCHABC if another group of hash power was to try to insert a new chain history, this cartel of exchanges and mining farm operators conspired in private to change the nature of the bitcoin protocol and Nakamoto Consensus. Since the fork there have been a number of other BCH clients that have come up that require funding and have their own ideas about what things to implement on the BCH chain. What began to emerge was actually not necessarily an intention of scaling bitcoin but rather to implement Schnorr signatures to obfuscate transactions and to date the ABC client still has a default blocksize of 2MB but advertised as 16MB.
What this demonstrates for BCH is that through the collusion, the cartel can immediately get a favourable outcome from the developers to keep their businesses secure and from the personalities/developers to work on obfuscating records of transactions on the chain rather than scaling their protocol. After the SegWit fork, many from the BCH camp alleged that through the funding to Blockstream from AXA and groups that tied to the Bilderbergs, Blockstream would be beholden to the legacy banking and would be a spoke and hub centralised model, so naturally many of the "down with central banks anarcho capitalist types" had gathered in the BCH community. Through these sympathies it seems that people have been susceptible to being sold things like coin mixing and obfuscation with developers offering their opinions about how money needs to be anonymous to stop the evil government and central banks despite ideas like Mises’ Regression Theorem, which claims that in order for something to be money in the most proper sense, it must be traceable to an originally non-monetary barter commodity such as gold.
What this suggests is that there is an underlying intent from the people that have mechanisms to exert their will upon the protocol of bitcoin and that if obfuscation is their first priority rather than working on creating a scalable platform, this demonstrates that they don't wish to actually be global money but more so something that makes it easier to move money that you don't want seen. Roger Ver has often expressed sentiments of injustice about the treatment of Silk Road found Ross Ulbricht and donated a large amount of money to a fund for his defence. I initially got in to bitcoin seeking out the Silk Road and though I only wanted to test it to buy small quantities of mdma, lsd, and mescaline back in 2011 there was all sorts of criminal activity on there like scam manuals, counterfeits, ID, Credit Card info, and other darknet markets like armoury were selling pretty crazy weapons. It has been alleged by Craig Wright that in his capacity as a digital forensics expert he was involved with tracing bitcoin that was used to fund the trafficking of 12-16 year olds on the silk road. There have been attempts at debunking such claims by saying that silk road was moderated for such stuff by Ulbricht and others, but one only has to take a look in to the premise of pizza gate to understand that there it may be possible to hide in plain site with certain code words for utilising the market services and escrow of websites like the silk road. The recent pedo bust from South Korea demonstrates the importance of being able to track bitcoin transactions and if the first thing BCH wanted to do after separating itself from Satoshi's Vision and running on developer and cartel agendas was to implement obfuscation methods, this type of criminal activity will only proliferate.
Questions one must ask oneself then are things like why do they want this first? Are some of these developers, personalities and cartel businesses sitting on coins that they know are tarnished from the silk road and want to implement obfuscation practices so they can actually cash in some of the value they are unable to access? Merchants from the silk road 1 are still being caught even as recently as this year when they attempted to move coins that were known to have moved through the silk road. Chain analytics are only becoming more and more powerful and the records can never be changed under the original bitcoin protocol but with developer induced protocol changes like Schnorr signatures, and coinjoin it may be possible to start laundering these coins out in to circulation. I must admit with the cynicism I had towards government and law enforcement and my enjoying controlled substances occasionally I was sympathetic to Ross and donated to his legal fund back in the day and for many years claimed that I wouldn't pay my taxes when I wanted to cash out of bitcoin. I think many people in the space possess this same kind of mentality and subsequently can be preyed upon by people who wish to do much more in the obfuscation than dodge tax and party.
Another interesting observation is that despite the fact that btc spun off as a result of censorship around big block scaling on bitcoin, that subreddit itself has engaged in plenty of censorship for basically anyone who wants to discuss the ideas presented by Dr Craig Wright on that sub. When I posted my part 2 of this series in there a week ago I was immediately met with intense negativity and ad hominems so as to discourage others from reading the submission and my post history was immediately throttled to 1 comment every 10 mins. This is not quite as bad as cryptocurrency where my post made it through the new queue to gather some upvotes and a discussion started but I was immediately banned from that sub for 7 days for reason "Content standards - you're making accusations based on no evidence just a dump of links that do nothing to justify your claims except maybe trustnodes link (which has posted fabricated information about this subreddit mods) and a Reddit post. Keep the conspiracy theories in /conspiracy" My post was also kept at zero in bitcoin and conspiracy so technically btc was the least censored besides C_S_T.
In addition to the throttling I was also flagged by the u/BsvAlertBot which says whether or not a user has a questionable amount of activity in BSV subreddits and then a break down of your percentages. This was done in response to combat the "toxic trolls" of BSV but within bitcoincashSV there are many users that have migrated from what was originally supposed to be a uncensored subreddit to discuss bitcoin and many such as u/cryptacritic17 has have switched sides after having been made to essentially DOXX themselves in btc to prove that they aren't a toxic troll for raising criticisms of the way certain things are handled within that coin and development groups. Other prominent users such as u/jim-btc have been banned for impersonating another user which was in actual fact himself and he has uploaded evidence of him being in control of said account to the blockchain. Mod Log, Mod Damage Control, Mod Narrative BTFO. Interestingly in the comments on the picture uploaded to the blockchain you can see the spin to call him an SV shill when in actual fact he is just an OG bitcoiner that wanted bitcoin to scale as per the whitepaper.
What is essentially going on in the Bitcoin space is that there is a battle of the protocols and a battle for social consensus. The incumbent BTC has majority of the attention and awareness as it is being backed by legacy banking and finance with In-Q-Tel and AXA funding blockstream as well as Epstein associates and MIT, but in the power vaccum that presented itself as to who would steward the big block variant, a posse of cryptoanarchists have gained control of the social media forums and attempted to exert their will upon what should essentially be a Set In Stone Protocol to create something that facilitates their economic activity (such as selling explosives online)) while attempting to leverage their position as moderators who control the social forum to spin their actions as something different (note memorydealers is Roger Ver). For all his tears for the children killed in wars, it seems that what cryptoanarchists such as u/memorydealers want is to delist/shut down governments and they will go to any efforts such as censorship to make sure that it is their implementation of bitcoin that will do that. Are we really going to have a better world with people easier able to hide transactions/launder money?
Because of this power vacuum there also exists a number of different development groups but what is emerging now is that they are struggling for money to fund their development. The main engineering is done by self professed benevolent dictator Amaury Sechet (deadalnix) who in leaked telegram screen caps appears to be losing it as funding for development has dried up and money raised in an anarchist fashion wasn't compliant with laws around fundraising sources and FVNI (development society that manages BCH development and these donations) is run by known scammer David R Allen. David was founder of 2014 Israeli ICO Getgems (GEMZ) that scammed investors out of more than 2500 Bitcoins. The SV supported sky-lark who released this information has since deleted all their accounts but other users have claimed that sky-lark was sent personal details about themselves and pictures of their loved ones and subsequently deleted all their social media accounts afterwards.
There are other shifty behaviours like hiring Japanese influencers to shill their coin, recruiting a Hayden Otto that up until 2018 was shilling Pascal Coin to become a major ambassador for BCH in the Australian city of Townsville. Townsville was claimed to be BCH city hosting a BCH conference there and claiming loads of adoption, but at the conference itself their idea of demonstrating adoption was handing a Point of Sale device to the bar to accept bitcoin payments but Otto actually just putting his credit card behind the bar to settle and he would keep the BCH that everyone paid. In the lead up to the conference the second top moderator of btc was added to the moderators of townsville to shill their coin but has ended up with the townsville subreddit wanting to ban all bitcoin talk from the subreddit.
Many of the BCH developers are now infighting as funding dries up and they find themselves floundering with no vision of how to achieve scale or get actual real world adoption. Amaury has recently accused Peter Rizun of propagandising, told multiple users in the telegram to fuck off and from all accounts appears to be a malignant narcissist incapable of maintaining any kind of healthy relationship with people he is supposed to be working with. Peter Rizun has begun lurking in bitcoincashSV and recognising some of the ideas coming from BSV as having merit while Roger has started to distance himself from the creation of BCH. Interestingly at a point early in the BCH history Roger believed Dr Craig Wright was Satoshi, but once CSW wouldn't go along with their planned road map and revealed the fact he had patents on blockchain technology and wanted to go down a path that worked with Law, Roger retracted that statement and said he was tricked by Craig. He joined in on the faketoshi campaign and has been attempted to be sued by Dr Wright for libel in the UK to which Roger refused to engage citing grounds of jurisdiction. Ironically this avoidance of Roger to meet Dr Wright in court to defend his claims can be seen as the very argument against justice being served by private courts under an anarchocapitalist paradigm with essentially someone with resources simply being able to either flee a private court's jurisdiction or engage a team of lawyers that can bury any chances of an everyday person being able to get justice.
There is much more going on with the BCH drama that can be explained in a single post but it is clear that some of the major personalities in the project are very much interested in having their ideals projected on to the technical implementation of the bitcoin protocol and have no qualms spouting rhetoric around the anti-censorship qualities of bitcoin/BCH while at the same time employing significant censorship on their social media forums to control what people are exposed to and getting rid of anyone who challenges their vision. I posit that were this coin to become a success, these "benevolent dictators" as they put it would love their new found positions of wealth/dominance yet if their behaviour to get there is anything to go by, would demonstrate the same power tripping practices of censorship, weasel acts, misleading people about adoption statistics and curating of the narrative. When the hashrate from Rogers bitcoin.com minging operation on BCH dropped dramatically and a lot of empty blocks were being mined, his employer and 2IC moderator u/BitcoinXio (who stepped in to replace roger as CEO) was in the sub informing everyone it was simply variance that was the reason when only a few days later it was revealed that they had reduced their hash power significantly. This is not appropriate behaviour for one of the primary enterprises engaged in stewarding BCH and encouraging adoption nor is the inability to be accountable for such dishonest practices as well. It seems bitcoin.com treats btc as their own personal spam page where Roger can ask for donations despite it being against the sub rules and spin/ban any challenge to the narrative they seek to create.
Let's see how the censorship goes as I post this around a few of the same places as the last piece. Stay tuned for the next write up where I take a deep dive in to the coin that everyone doesn't want you to know about.
submitted by whipnil to C_S_T [link] [comments]


ICO Verdict

Difinity is a global 'blockchain computer', infinitely scalable with unlimited capacity. Dfinity is a true blockchain 3.0 project with crypto:3 and cloud:3 implementations, revolutionizing and disrupting traditional cloud hosting solutions. Dfinity is Ethereum compatible, DAPPs from Ethereum can easily be ported to the network with significant performance gains and scalability. Dfinity project has been in development for over 3 years, with top researchers and scientists from the blockchain and cryptography fields. If cryptocurrency bubble ever pops, of the few survivors left, Dfinity will definitely be one of them.
Reason to invest:
Hype Rate: Medium
Risk Rate: Very Low
ROI Rate: High
Potential Growth: Very High
Overall Rating: Very High

ICO Information

Public Fundraise (presale round)

Date: Soon (Team announced whitelisting within a few weeks, a few weeks ago)
Ticker: DFN
Token type: Native DFN
ICO Token Price: TBA
Fundraising Goal: TBA
Total Tokens: TBA
Available for Token Sale: TBA
Whitelist: TBA
Know Your Customer (KYC): YES. (Including AML)
Bonus for the First: NO
Min/Max Personal Cap: TBA
Token Issue: TBA
Accepts: TBA

Funding History

**A clearer break down was explained by a Dfinity team member in this thread
Q: The 7th Feb announcement says $100m raised in private funding, but email update says $61m - can anyone enlighten?
Sure, so the project funding is as follows: $4MM raised in the Seed Round in February 2017. After expenses and appreciation, this is roughly $40MM, held by DFINITY Stiftung. In the Strategic Round, which began in July of 2017, $21MM was raised. This is also held by the Stiftung, bringing total funding to ~$61MM As part of the Strategic Round, Polychain Capital spun up an ecosystem fund to help projects migrate to DFINITY and build new businesses on the platform. This is entirely under their management and totals $40MM.
All together this brings funding to ~$101MM. It's been reported in a number of confusing ways, but that is the actual break down.
The Seed Round was in the model of an ICO but it occurred before the actual ICO boom. Just under 25% of the network was distributed.
Fall 2016
A not-for-profit Swiss foundation is created
Feb 2017
Distributed "Seed" fundarise using Ethereum technology (~250 people, 25% token distributed)
Strategic fundraising round led by Andreessen Horowitz and Polychain ($61m total, $21m go toward development, $40m to Dfinity Ecosystem Venture Fund)
Feb 2018
With the Dfinity Ecosystem Venture Fund, the project has raised $101m in funding
Presale round, involves contributors who can pass stringent KYC and AML, with some possible geographical restrictions
The second round, may or may not happen and will be termed the "ICO"
*The team's honest approach in fundraising is quite a rare breed in today's ICO standards, their philosophy behind fundraising The DFINITY Main Round: Preconditions & Our “Don’t be Evil” Rules which gained applauses from the likes of Vitalik Buterin.

Full Review

At a Glance

Difinity is a single 'internet computer', infinitely scalable with unlimited capacity. Dfinity is crypto:3, enabling a global blockchain computer utilizing Threshold Relay chain, generating incorruptible, unmanipulable and unpredictable randomness. Threshold Relay chain addresses key attacks and vulnerabilities such as 'selfish mining' and 'nothing at stake' found in traditional PoW and PoS consensus. Dfinity is cloud:3, allowing business applications running on this computer performant with unlimited capacity, reducing human capital required in traditional IT systems, effectively cutting cost down by 90%. Dfinity introduces a new governance model, a novel decentralized decision-making system called "Blockchain Nervous System (BNS). This new design paradigm embraces "The AI is Law" (as opposed to "The Code is Law"), combing crowd wisdom and traditional AI technologies to prevent malicious smart contracts and hacks.
Dfinity was built as a complementary network to Ethereum, compatible for all DAPPs deployed on the Ethereum network, making migration easy with 50x performance improvement and unlimited capacity. Difinity is in fact often described as "Ethereum's crazy sister".

Project Timeline Overview

Jan 2014 - Pebble Project
CC for micropayments with custom BFT consensus algorithm
Jan 2015 - Dfinity Project
Infinite blockchain computer with the new idea: apply randomness (Threshold Relay Chain)
July 2016 - Dfinity Stiftung
Zug based foundation, an incubation by String Labs for organizational build-outs
Feb 2017 - Seed Fundrasing
$10 new funds for R&D
Aug 2017 - Main fundrasing (delayed until announcement)
Estimated 20M CHF cap


Dfinity was formed to research ways of enabling public decentralized networks to host a virtual computer of unlimited capacity, secure, speedy, and scalable. The core approach involves adding a top-level Threshold Relay Chain that produces randomness and progresses with minimal reorganizations of the blockchain. Threshold Relay Chain creates incorruptible, unmanipulable, unpredictable randomness for a deterministic chain of randomness, unforkable and robust. At current state, Dfinity reaches block finality in about 5 seconds with 2 confirmations and low variance. Putting numbers into perspective, Bitcoin requires 6 confirmations, 60 minute finality and very high variance. Ethereum under current PoW design and network congestion, takes about 37 minutes at a finality time of 10 minutes with high variance.
Threshold Relay Chain's performance properties provide 'scale-up' gains, Dfinity further applies a three-level 'scale-out' architecture that addresses in order consensus, validation and storage, to handle unlimited computation.
Threshold Relay chain that creates a random heartbeat that drives a Validation Tree of Validation Towers in the validation layer, which does for validation what a Merkle tree does for data and provides almost infinitely scalable global validation. The random beacon also defines the organization of mining clients into storage (state) shards in the storage layer, which use their own Threshold Relay chains to quickly reach consensus on received transactions and resulting state transitions that are passed up to the validation layer. The top-level Threshold Relay consensus blockchain then records state roots provided by the Validation Tree that anchor all the storage in the network.
Dfinity is an intelligent decentralized cloud governed by the Blockchain Nervous System (BNS). The BNS has privileged access to the virtual machine to run special opcodes like freezing contracts, redistribute tokens or even run arbitrary code to reorganize the blockchain. This 'super user' can return funds and reverse the damage of hacks or programmatic errors, protecting users in case of vulnerabilities. The BNS also seamlessly upgrades the protocol on a regular basis, as opposed to disruptive 'hard forks', driving network evolution forward as quickly as possible.
Full reading on Threshold Relay Chain
The Dfinity Consensus White Paper
Full reading on Blockchain Nervous System
*Dfinity also plans to include privacy-preserving technology as seen in this tweet by Dominic


Dfinity is an intelligent decentralized cloud governed by Blockchain Nervous System, recreating monopolistic traditional cloud hosting solutions such as Microsoft Azure or Amazon Web Services. The costs of owning enterprise IT systems are dominated by human capital, with redundant tasks such as configuring database, file distribution, backup/restore, load balancing, firewall configurations etc. While computing costs may be dramatically higher with Dfinity, actual cost of operation is estimated to be cut down by 90%.
Reimagine and reinvent enterprise IT, blockchains inhereit these properties making it possible
Autonomous : System without intermediaries
Verifiable : Know what code you execute
Tamperproof : No servers to meddle with
Simple : Distribution abstracted
Unstoppable : Open code and governance
Interoperability : No server boundaries
Dfinity is interoperable in that it takes a hybrid approach to private and public blockchains, users don't have hard choices to make. It is a similar design paradigm to the internet, where people have the http protocol as common meeting point while maintaining sensitive information within their local area network.
This design paradigm is emergent for the mass adoption for blockchains, there will be common services like identity validation readily availalble as a public service. There will also be more complex systems where users can simply adopt instead of rebuilding. You can have a private dfinity consortium or private instances with the ability to call into those public blockchain services, connecting these private chain instances using common blocks.
Let's further explore this with a real life example, say there's a trade financing supply system of a large manufacturer with thousands of vendors. Before their enrollment, you'll probably need to do some identity and reputation check in the public chain in order to validate their legitimacy. Next step these vendors need trade financing where they'll need more complex systems like stable coins or bank coins to avoid volatility, and move the money around. Instead of rebuilding a coin, they could just adopt a coin system within the dfinity network. In the next round there can be disbutes with goods lost or quality problems, vendors can call for public arbitration system where there'll be a network of lawyers who specialize in cross-border disbutes or arbiters to provide the service. So a chain of services that can be called throughout the life cycle, interoperable between the private and the public blockchains.

Staking Mechanism

Dfinity is a PoS (Proof of Stake) model, managed by its BNS (Blockchain Nervous System). This system is reliant on a human-controlled "neurons" (similar to masternodes in terms of staking and voting functions). In order to secure the role, users will run special client software with a delegate key, deposit fixed amount of dfinities to ensure consistency and reliability of the network, then in turn will receive economic incentives for its voting services.
People can pay a fee in dfinities to submit a proposal to the BNS, be it technical proposals like protocol upgrades or governance proposals eg. how much should be deposited to create a mining identity given the current value of DFN, this is much like liquid democracy.
Currently it takes 3 months to dissolve a neuron, client software can create a follow list (synchronous and non-deterministic to the rest of the network), which are the addresses of the neurons you follow on different topics. This captures the expertise of the community but at the same time being an opague liquid democracy, nobody knows what the follow lists are, you can't see how the brain makes its decisions.

Utility Value of Dfinities

Dfinity vs Ethereum

At a top level, Dfinity tries to stay compatible to the Ethereum network, meaning DAPPs currently running on Ethereum can be migrated to Dfinity easily, with significant gains in performance, scalability, security etc. Essentially where the name "Ethereum's crazy sister" came from.
There are some fundamental differences in design philosophy and approach to consensus agreements. Ethereum embraces the design paradigm "The code is law" where rules of the network is a result of community management. Dfinity embraces "The AI is law" where management is by the Blockchain Nervous System. Ethereum's Casper (POS) will be focused on extreme availability while Dfinity aims to achieve performance and infinite scale. In Dfinity's design, consistency and reliability outweighs availability.
A great debate on several fundamental design differences between Ethereum Casper and Dfinity's Threshold Relay Chain+Blockchain Nervous System (also part of the debate is Cosmos/Tendermint's Jae Kwon) can be watched here Proof of Stake Panel Discussion - Silicon Valley Ethereum Meetup


Dominic Williams is Chief Scientist of the DFINITY project, headquartered in Zug, Switzerland, and is President and CTO of String Labs, a Palo Alto-based studio, incubator, and investor focused on advanced open protocol projects. His recent technical works include DFINITY technologies such as the Threshold Relay/Probabilistic Slot Protocol blockchain consensus mechanisms, the Blockchain Nervous System (algorithmic governance for decentralized networks), and the PHI “crypto fiat” autonomous loan issuance system.
Notable team members include Professor Timo Hanke, creator of AsicBoost. Ben Lynn, the 'L' from 'BLS' cryptography applied by Threshold Relay Chain. The team is stacked with postdoctoral researchers and scientists, they also run a scholarship program for PhD students researching secure distributed systems.

Useful Reading




Press & Review

Due Diligence



Dfinity Stiftung, Zug Switzerland


Dominic Williams (Chief Scientist) | LinkedIn Profile
Timo Hanke (Head of Engineering) | LinkedIn Profile
Ben Lynn (Senior Staff Scientist & Engineer) | LinkedIn Profile
Mahnush Movahedi (Senior Researcher and Engineer) | LinkedIn Profile
Paul Liu (Staff Engineer) | LinkedIn Profile
Enzo Hausseker (Senior Engineer) | LinkedIn Profile
Derek Chiang (Senior Engineer) | LinkedIn Profile
Norton Wang (Software Engineer) | LinkedIn Profile
Steve Omohundro (Senior Contributor - AI/Governance Research) | LinkedIn Profile
Robert Lauko (Contributor - Research/Community) | LinkedIn Profile




Not yet, but testnet demo is available



Additional Info

Token Allocation


Use of Proceeds

submitted by msg2infiniti to icoverdict [link] [comments]

Bitcoin Price Dump Explained! It's Not What You Think! [Must Watch] Bitcoin Protocol Explained 1 - Bitcoin paper broken down ... History And Future of BTC? Bitcoin White Paper Explained Bitcoin Whitepaper Review - A Deep Dive Bitcoin Whitepaper - Programmer explains

Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. The conditional variance of Bitcoin for the period [January2015-June2015] -1.5-1.0-0.5. 0.0. 0.5. 1.0. 1.5. 2.0. 2 9 16 23 2 9 16 23 30 6 13 20 27 4 11 18 25 1 8 15. M2 M3 M4 M5 M6. 4. Conclusion ... Bitcoin, the rst-ever created cryptocurrency, stems from a proposal to bypass the established nancial system to make peer-to-peer payments. Such initiative, born in the aftermath of the nancial crisis of 2007-2008, was funneled using an anonymously posted white paper (Nakamoto, 2009). The initial popularity of Bitcoin came from the libertarian point of view, advocating for a competition of ... EXPLAINED; CRYPTO GUIDES; BITCOIN 101; ETHEREUM 101; BITCOIN CASH 101; ICO 101; RIPPLE 101; LIGHTNING NETWORK 101; What Is An ICO Token And How Does It work? How To Choose An ICO To Invest In; ICO Vs IPO: Key Differences; ICO Vs Venture Capital; Top 10 ICOs With The Biggest ROI; How To Buy ICO Tokens: Beginner’s Guide ; How To Launch An ICO, A Detailed Guide; How To Cash Out Your ICO ... Home Bitcoin News Bitcoin Volatility Explained. Bitcoin News; Bitcoin Volatility Explained. May 24, 2017. 997. Share. Facebook. Twitter. ReddIt. Telegram. Pinterest. WhatsApp. Advertisment. 30-Day Estimate60-Day Estimate . last 30 day estimate last 60 day estimate Defining Bitcoin Volatility. Volatility refers to “how much price jumps up and down over time.” The VIX is the most widely ...

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Bitcoin Price Dump Explained! It's Not What You Think! [Must Watch]

A deep dive on the Bitcoin whitepaper. We read over and try to elaborate on each section. https://bitcoin.org/bitcoin.pdf ===== #sellou... Satoshi Nakamoto's Bitcoin Whitepaper - Explained and Simplified - Duration: 9:09. Altcoin Buzz 10,976 views. 9:09. Joe Rogan Live Podcast: Blockchain, Bitcoin Halving, BTC 2020, Crypto JoeRogan ... We have been getting tons of questions about Satoshi and his bitcoin whitepaper. So in todays video, we thought it would be a good idea to simplify and expla... Bitcoin white paper is the most important document in Blockchain and Cryptocurrency development. We explain and highlight key points of the Bitcoin White for non-techies and BTC flaws. Bitcoin Protocol Paper Playlist: http://www.youtube.com/watch?v=UieiMU-ImvI&list=PLQVvvaa0QuDcq2QME4pfeh0cE71mkb_qz&feature=share All Bitcoin Videos Playlist...