How to Build a Blockchain Lottery Bitcoin Insider

Bitcoin mentioned around Reddit: Ex-lottery programmer who rigged winnings gets 25 years in prison /r/technology

Bitcoin mentioned around Reddit: Ex-lottery programmer who rigged winnings gets 25 years in prison /technology submitted by BitcoinAllBot to BitcoinAll [link] [comments]

08-23 22:42 - 'Not Provably Fair: Ex-lottery worker rigged winnings' (money.cnn.com) by /u/yayitswei removed from /r/Bitcoin within 63-73min

Not Provably Fair: Ex-lottery worker rigged winnings
Go1dfish undelete link
unreddit undelete link
Author: yayitswei
submitted by removalbot to removalbot [link] [comments]

BTC Lotteries Jackpot Rigging and True Flip /r/bitcoin_uncensored

BTC Lotteries Jackpot Rigging and True Flip /bitcoin_uncensored submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BTC Lotteries Jackpot Rigging and True Flip /r/bitcoin_unlimited

BTC Lotteries Jackpot Rigging and True Flip /bitcoin_unlimited submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BTC Lotteries Jackpot Rigging and True Flip /r/Bitcoin_Classic

BTC Lotteries Jackpot Rigging and True Flip /Bitcoin_Classic submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Maybe our universe is a matrix like mining rig in another dimension and the beings that made it start rigs that create people and whenever your person wins the lottery in our world that being gets a reward? /r/Bitcoin

Maybe our universe is a matrix like mining rig in another dimension and the beings that made it start rigs that create people and whenever your person wins the lottery in our world that being gets a reward? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Dogecoin: The Meme That Turned Into A Cryptocurrency With A $300 Million Market Cap, An Important Portal To The Crypto Space

Dogecoin: The Meme That Turned Into A Cryptocurrency With A $300 Million Market Cap, An Important Portal To The Crypto Space
http://www.cypherpunklabs.com/dogecoin-the-meme-that-turned-into-a-cryptocurrency-with-a-300-million-market-cap-an-important-portal-to-the-crypto-space/
Dogecoin (DOGE), a cryptocurrency which now has a market cap of over $300 million, and at one point a market cap in excess of $2 billion, traces its origins back to a Japanese kindergarten teacher who posted pictures of her Shiba Inu in February 2010. There was one particular picture where the Shiba Inu was glaring sideways with raised eyebrows, and for some reason this picture has a similar allure as the Mona Lisa. The picture leaves it open for interpretation as to what the Shiba Inu is thinking, and people began plastering words all over the picture to indicate the dog’s thoughts. This meme was then nicknamed the doge.

https://preview.redd.it/o5a3qeyoxmk31.png?width=500&format=png&auto=webp&s=2d34893576658da1e88576d001c8a40371e65ffd
By 2013 the doge had become a full fledged viral internet sensation, and this simultaneously coincided with the rise of alternative cryptocurrencies. In 2009 the first cryptocurrency, Bitcoin, was released. Around 2013, and perhaps a little before then, people began to fork Bitcoin’s code and create all sorts of alternative cryptocurrencies.
Billy Markus, a programmer from Oregon, decided to create a cryptocurrency that would be more fun and reach a wider audience than Bitcoin. Markus teamed up with Jackson Palmer, a marketer for Adobe Systems, and they made this new fun cryptocurrency a reality. They chose the doge meme as the basis for their cryptocurrency, since it was quite popular at the time, and also adopted the algorithm from Luckycoin, where the block rewards are random like a lottery, unlike the fixed Bitcoin block rewards. Luckycoin derived its code from Litecoin, which is the #1 Scrypt cryptocurrency, and Litecoin itself is a derivation of Bitcoin.
Also importantly, Dogecoin’s Scrypt algorithm made it so miners had a low barrier to entry. Bitcoin mining had already become so competitive that only people with specialized and expensive equipment could realistically mine Bitcoin, whereas Dogecoin could be successfully mined with a GPU or even a CPU on a regular computer. This means anyone interested could easily start mining Dogecoin without spending money on mining rigs.
Further, despite being based on a meme, Dogecoin is decentralized, which puts it ahead of most of the alternative cryptocurrencies. Dogecoin has no premine and no initial coin offering (ICO), meaning all Dogecoins in circulation were distributed via mining, and the market is less prone to centralized dumping. Dogecoin uses the proof of work (PoW) algorithm which ensures the network is decentralized as well, rather than more centralized options like proof of stake (PoS).
Dogecoin launched at the exact right time to ride the dual waves of the doge meme’s popularity and the popularity of new alternative cryptocurrencies, and less than two months after launch Dogecoin had become a major cryptocurrency with a market cap in excess of $60 million.
After that, Dogecoin continued to be quite popular for a couple of reasons. As originally intended, Dogecoin ended up being a fun cryptocurrency, and a community developed around Dogecoin, especially on the Dogecoin subreddit. People began to tip each other Dogecoin constantly, especially since there were on the order of 100 billion Dogecoins, as compared to a maximum supply of only 21 million Bitcoins. This means that someone could easily tip hundreds or thousands of Dogecoins since it is not very expensive, while it is simultaneously exciting.
The general Dogecoin culture of tipping and generosity attracted many new users who had never been involved with cryptocurrency before. Newbies would first start accumulating Dogecoin tips, and then within the community they would learn how to accumulate even more Dogecoin by mining, and this represented a launching point where such users could go on to dive into the rest of the crypto space.
That is the reason why Dogecoin is still a major cryptocurrency to this day and will likely be a major cryptocurrency for the foreseeable future. The Dogecoin community is welcoming, generous, fun, and insightful. Essentially, Dogecoin is an important portal for the crypto space.
submitted by turtlecane to dogecoin [link] [comments]

HODLing since 2013. Sold 1/3rd of BTC today at $19.5k. Don't be afraid to take gains. Thoughts and ramblings inside.

Throwaway account for obvious reasons. I am posting this for others who may be debating about what to do with their BTC gains.
First heard about Bitcoin in 2013. Ordered $8k worth of computer parts and took over the extra power in my house and built milk crate mining rigs. Kept them running, even as the price fell... As cards failed I didn't replace them. Long story short, I end up with ~80 BTC.
During the "down years" before things really picked up steam I played around mining some other things, so I have around 65 Litecoin and 70 Ethereum. I messed around and spent some BTC just because I could, a couple BTC on online pokecasino sites to see how it worked... And that ill fated 1 BTC porn video from a Redditor who is probably laughing her way to retirement by now.... ;)
Earlier this month I became a cryptomillionaire on December 10th. That was an awesome achievement. Luckily for me I've been involved in technology so I was already a millionaire in the traditional sense. Not anything too crazy... 4M net worth or so, but used to dealing with money and investments. My advice to others is based on 30 years in technology and being a high net worth individual since the early 2000's.
Today I passed 1.5M in crypto wealth and I cashed out a third of my holdings to pay off my mortgage. I did this for multiple reasons:
  1. I think we are in a speculative bubble. I believe in crypto and blockchain technology. It is going to change the world. But the utility is not fully there yet. The current price, in my opinion, is overinflated relative to what these things are really doing in the world. I think there will be a correction but eventually things will really take off, similar to the dot com bubble. Having worked in technology since 1997 this is just my opinion based on my gut reaction to everything going on.
  2. Traditional banking needs reformed/to die. Why should a big bank get to collect thousands in interest from me every year? I view selling some of my crypto and clearing a major debt as not only a personal gain but a vote against the system. I would encourage anyone who can clear debt against existing fiat to do so. I would rather put $1k back into crypto a month than be giving $1k in interest back to the banks.
  3. You are not investing if you are not ever willing to take gains, you are just gambling. I don't think anyone should ever sell 100% of their crypto, but you need to be able to part with some of your BTC at the time and choosing that makes the most sense for you and your goals.
As part of adjusting my crypto portfolio for the future today, I also converted all my Bitcoin Cash to BTC. I very much do not like what is coming out of the mouths of that group, and I believe there should only be one "Bitcoin." I am appreciative of the free money that landed in my lap from that fork, but too many options is going to confuse the general public. I encourage everyone to do the same.
As I write this, I am still a cryptomillionaire and am looking forward to the future. But I have future goals in mind where I may clear other debts or continue to diversify. Unless you have no debts at all and no plans in your life I think HODLing until death is a pretty silly idea. Everyone should have some goals in mind with any financial venture. Just make sure they are big enough checkboxes that you won't keep looking back.
EDIT: Since many people have asked: I used Gemini to do the sale. I also have a Coinbase account, but the fees are much higher for a large sale. Yes, you can have your limits raised at both places to be able to do larger sale quantities and bank transfers.
EDIT2: Just to clarify, me mentioning my net worth and background is not to brag (to be honest, many of the people I know in the industry are worth 10X me because they took more risks) than wanting other people to know that I consider myself a successful and educated investor. When someone who has no experience is handed 1M they lose it (look at lottery winners). I want people to NOT lose, so I am using my knowledge to make sure others without that think carefully and realize that taking some gains is not a bad thing. HODL is great and all, but you need to be smart about what you own, crypto or otherwise. I apologize to anyone if it comes off as grandstanding, but you shouldn't get emotional about money.
submitted by throwbtcnw to Bitcoin [link] [comments]

EMURGO: Who Gets to Add a Block to the Cardano Blockchain?

EMURGO: Who Gets to Add a Block to the Cardano Blockchain?

https://preview.redd.it/b4pmopdto5q31.png?width=810&format=png&auto=webp&s=2cf44fffbb419208855afcb33ddee36379965933

With the upcoming dawn of Shelley, Cardano - the first third-generation blockchain to emerge from a scientific philosophy - will become the world’s first provably secure & decentralized Proof-of-Stake (PoS) blockchain. As a Proof-of-Stake blockchain, there are some fundamental differences between Cardano and other blockchain ecosystems. A key point of difference is how Cardano chooses who participates in adding blocks to the Cardano blockchain, thereby strengthening the overall security of the network. In this post, we will simply explain how staking in Cardano fairly and unbiasedly chooses the next ADA holder to add a block to the Cardano blockchain once Cardano becomes fully decentralized.
Cardano: A Fundamentally More Decentralized Approach
In a previous post, we compared Cardano and Bitcoin to two different kinds of supermarkets. Within the Bitcoin supermarket, the checkouts are the mining pools. Baskets of goods (or baskets of cryptocurrency transactions, known as blocks) are processed by the cashiers (miners) and are added to the blockchain if the transactions are all correctly validated. We ultimately saw that in the Bitcoin supermarket, there are a very few checkouts (mining pools) that process the majority of the baskets of goods (cryptocurrency transactions that take place on the blockchain). This is because the size of the checkouts (mining pools) are proportional to the amount of energy these cashiers (miners) contribute towards keeping the Bitcoin blockchain running. Smaller, normal computers are very tiny checkouts, while bigger, industrial mining rigs are very large checkouts. Naturally, the giant checkouts have the biggest chance of getting to process a basket of goods and receive rewards.
However, within the Cardano ADA supermarket, the Cardano blockchain network with staking functionality can support many more checkouts (stake pools) that are each run by a cashier (stake pool operator) to process the baskets of goods (blocks) on the network. Effectively, staking is when an ADA holder participates by staking or delegating their ADA to the Cardano blockchain network. Cardano is designed to ensure each checkout reaches a maximum size to guarantee there cannot be many giant checkouts processing the majority of baskets.
Cardano & The Fairness of Randomness
Each time a basket of goods (a block of ADA transactions), needs to be added to the Cardano blockchain, one cashier and checkout (stake pool operator and stake pool respectively), needs to be selected. This selection is a lottery with ADA rewards attached. When regular Cardano holders contribute their ADA stake to a certain cashier, this cashier gets more lottery tickets. This means they have a greater chance to win the lottery. A smaller checkout with fewer lottery tickets would have lower chances of winning, while a bigger checkout with more tickets would have greater chances of winning.

*\[Continue reading on our website*](https://emurgo.io/en/blog/who-gets-to-add-a-block-to-cardano-blockchain/newsletter)
submitted by zachsoileau to cardano [link] [comments]

1 Bitcoin Transaction = $6 in electricity costs

https://twitter.com/TradeDefendestatus/869332195726565376
submitted by mainframe_kdm to Buttcoin [link] [comments]

Burstcoin Is A Robust And Unique Cryptocurrency: Proof of Capacity (PoC) Ensures Decentralization, Energy Efficiency, And Low Barrier To Entry

http://www.cypherpunklabs.com/burstcoin-is-a-robust-and-unique-cryptocurrency-proof-of-capacity-poc-ensures-decentralization-energy-efficiency-and-low-barrier-to-entry/
Decentralization is perhaps the fundamental reason why Bitcoin has been successful. Since Bitcoin is decentralized, its network cannot be controlled by any government, corporation, or other centralized entity, and this is why Bitcoin still exists to this day rather than being shutdown a long time ago. Bitcoin achieves decentralization through its Proof of Work (PoW) algorithm, where miners around the world cryptographically hash transactions into blocks and receive block rewards for their efforts, and nodes constantly check to ensure that all confirmed transactions are following consensus rules.
The major caveat with PoW is it is energy intensive. This has especially become a problem due to the rapid rise in Bitcoin’s price long term, which has resulted in an arms race of sorts to amass the most hashing power in order to obtain the most mining profits. Indeed, the Bitcoin hash rate has risen orders of magnitude, from MH/s, to GH/s, to TH/s, to PH/s, and now up to its all-time high so far of 84 EH/s. This represents exponentially more computing resources and energy consumption.
This is a problem for two reasons. First off, there is a very high barrier to entry for new users to mine Bitcoin. It requires thousands of dollars of mining equipment to make any worthwhile profit from mining Bitcoin.
Secondly, Bitcoin mining consumes a massive amount of energy worldwide. It is estimated by Digiconomist that Bitcoin mining uses 73.12 TWh of energy annually, equivalent to the electricity consumption of the entire country of Austria, or 0.33% of total global electricity consumption. This releases nearly 35 Megatons of Carbon Dioxide annually, contributing to global warming, aside from other environmental damage caused by burning fossil fuels and manufacturing mining equipment. Digiconomist may be an overestimate of Bitcoin’s environmental impact, but it is somewhere in the ballpark.
Numerous alternative cryptocurrencies have tried to be environmentally friendly via using the Proof of Stake (PoS) algorithm, but this sacrifices decentralization, since all the voting rights end up concentrated into the hands of developers and major bag holders.
This is where Proof of Capacity (PoC), formerly called Proof of Space, comes in. Instead of using specialized Bitcoin mining equipment, PoC simply uses hard drive space to mine cryptocurrency. Burstcoin (BURST) is the #1 PoC cryptocurrency. Bitcoin HD (BHD) is another PoC cryptocurrency, but it has a highly centralized supply with 3.1 million out of 5 million total coins in the hands of the developers, so it is nonsensical to choose BHD considering that BURST has a highly decentralized supply. The problem with a centralized supply is it can cause a coin’s value to collapse long term due to developers dumping on the market.
In order to start mining BURST, a user simply allocates part of their hard drive, and this area of hard drive is plotted. Plotting is a 1-time hashing cycle where the hard drive is filled with cryptographic hashes via the Shabal cryptographic algorithm. The node also has to synchronize with the BURST blockchain before mining. Fortunately, the BURST blockchain is less than 9 GB, versus the Bitcoin blockchain which is nearly 240 GB.
Once plotting and synchronization is complete the user can begin mining. During each mining round the plot file is searched to find the correct cryptographic hash for the block, and when the correct hash is found the user receives a block reward. Essentially, the hashes in the plot file can be thought of as lottery tickets, and the bigger the size of the plot, meaning the more hard drive space dedicated to mining BURST, the more likely it is to find the correct hash.
Like with Bitcoin mining, users can join pools so that even if they have a small amount of hard drive space they can still earn BURST at a steady pace.
Since BURST’s PoC algorithm simply reads a hard drive versus the intense computational work of Bitcoin’s PoW, BURST mining uses a negligible amount of electricity. It is estimated that each BURST transaction consumes 0.0024 KWh of electricity, versus about 1,000 KWh used for each Bitcoin transaction.
Aside from being far more environmentally friendly, electricity costs are negligible for BURST miners, so BURST miners earn nearly 100% profit. This opens the door for users with any level of technology to profitably mine BURST, including personal computers and technically even cell phones. Compare this to Bitcoin where mining with even a powerful personal computer is impossible.
Ultimately, BURST’s energy efficiency makes the barrier to entry very low, a user simply needs to have hard drive space to mine BURST. This results in the BURST network being highly decentralized.
Notably, miners do not have to buy any special equipment to mine BURST, they just use spare hard drive space that was sitting unused, versus Bitcoin mining where specialized hardware that costs thousands of dollars is required. Bitcoin mining rigs often become obsolete with time, and also have no other use besides Bitcoin mining, whereas hard drive space used for BURST mining never becomes obsolete and can easily be freed up and used for storage by deleting the plot file.
In summary, BURST is one of the most unique and fundamentally robust cryptocurrencies due to its PoC algorithm, which ensures decentralization while simultaneously guaranteeing energy efficiency and a low barrier for miner entry.
submitted by turtlecane to burstcoin [link] [comments]

The Great NiceHash Profit Explanation - for Sellers (the guys with the GPUs & CPUs)

Let's make a couple of things crystal clear about what you are not doing here:
But hey, I'm running MINING software!
What the hell am I doing then?!?
Who makes Profit, and how?
How is it possible everyone is making a profit?
Why do profits skyrocket, and will it last (and will this happen again)?
But my profits are decreasing all the time >:[
But why?!? I’m supposed to make lotsa money out of this!!!
But WHY!!!
  1. Interest hype -> Influx of Fiat money -> Coins quotes skyrocket -> Influx of miners -> Difficulty skyrockets -> Most of the price uptrend is choked within weeks, since it’s now harder to mine new blocks.
  2. Interest hype drains out -> Fiat money influx declines -> Coins quotes halt or even fall -> Miners still hold on to their dream -> Difficulty stays up high, even rises -> Earnings decrease, maybe even sharply, as it's still harder to mine new blocks, that may be even paid less.
So, how to judge what’s going on with my profits?
Simple breakdown of the relationship of BTC payouts by NiceHash, BTC/ALT Coins rates, and Fiat value:
BTC quote | ALTs quotes | BTC payout | Fiat value ----------------------------------------------------- UP | UP | stable*) | UP stable | UP | UP | UP UP | stable | DOWN | stable*) stable | stable | stable | stable DOWN | stable | UP | stable*) stable | DOWN | DOWN | DOWN DOWN | DOWN | stable*) | DOWN 
Some rather obvious remarks:
More help:
Disclaimer: I'm a user - Seller like you - not in any way associated with NiceHash; this is my personal view & conclusion about some more or less obvious basics in Crypto mining and particularly using NiceHash.
Comments & critics welcome...
submitted by t_3 to NiceHash [link] [comments]

Burstcoin Is A Robust And Unique Cryptocurrency: Proof of Capacity (PoC) Ensures Decentralization, Energy Efficiency, And Low Barrier To Entry

http://www.cypherpunklabs.com/burstcoin-is-a-robust-and-unique-cryptocurrency-proof-of-capacity-poc-ensures-decentralization-energy-efficiency-and-low-barrier-to-entry/
Decentralization is perhaps the fundamental reason why Bitcoin has been successful. Since Bitcoin is decentralized, its network cannot be controlled by any government, corporation, or other centralized entity, and this is why Bitcoin still exists to this day rather than being shutdown a long time ago. Bitcoin achieves decentralization through its Proof of Work (PoW) algorithm, where miners around the world cryptographically hash transactions into blocks and receive block rewards for their efforts, and nodes constantly check to ensure that all confirmed transactions are following consensus rules.
The major caveat with PoW is it is energy intensive. This has especially become a problem due to the rapid rise in Bitcoin’s price long term, which has resulted in an arms race of sorts to amass the most hashing power in order to obtain the most mining profits. Indeed, the Bitcoin hash rate has risen orders of magnitude, from MH/s, to GH/s, to TH/s, to PH/s, and now up to its all-time high so far of 84 EH/s. This represents exponentially more computing resources and energy consumption.
This is a problem for two reasons. First off, there is a very high barrier to entry for new users to mine Bitcoin. It requires thousands of dollars of mining equipment to make any worthwhile profit from mining Bitcoin.
Secondly, Bitcoin mining consumes a massive amount of energy worldwide. It is estimated by Digiconomist that Bitcoin mining uses 73.12 TWh of energy annually, equivalent to the electricity consumption of the entire country of Austria, or 0.33% of total global electricity consumption. This releases nearly 35 Megatons of Carbon Dioxide annually, contributing to global warming, aside from other environmental damage caused by burning fossil fuels and manufacturing mining equipment. Digiconomist may be an overestimate of Bitcoin’s environmental impact, but it is somewhere in the ballpark.
Numerous alternative cryptocurrencies have tried to be environmentally friendly via using the Proof of Stake (PoS) algorithm, but this sacrifices decentralization, since all the voting rights end up concentrated into the hands of developers and major bag holders.
This is where Proof of Capacity (PoC), formerly called Proof of Space, comes in. Instead of using specialized Bitcoin mining equipment, PoC simply uses hard drive space to mine cryptocurrency. Burstcoin (BURST) is the #1 PoC cryptocurrency. Bitcoin HD (BHD) is another PoC cryptocurrency, but it has a highly centralized supply with 3.1 million out of 5 million total coins in the hands of the developers, so it is nonsensical to choose BHD considering that BURST has a highly decentralized supply. The problem with a centralized supply is it can cause a coin’s value to collapse long term due to developers dumping on the market.
In order to start mining BURST, a user simply allocates part of their hard drive, and this area of hard drive is plotted. Plotting is a 1-time hashing cycle where the hard drive is filled with cryptographic hashes via the Shabal cryptographic algorithm. The node also has to synchronize with the BURST blockchain before mining. Fortunately, the BURST blockchain is less than 9 GB, versus the Bitcoin blockchain which is nearly 240 GB.
Once plotting and synchronization is complete the user can begin mining. During each mining round the plot file is searched to find the correct cryptographic hash for the block, and when the correct hash is found the user receives a block reward. Essentially, the hashes in the plot file can be thought of as lottery tickets, and the bigger the size of the plot, meaning the more hard drive space dedicated to mining BURST, the more likely it is to find the correct hash.
Like with Bitcoin mining, users can join pools so that even if they have a small amount of hard drive space they can still earn BURST at a steady pace.
Since BURST’s PoC algorithm simply reads a hard drive versus the intense computational work of Bitcoin’s PoW, BURST mining uses a negligible amount of electricity. It is estimated that each BURST transaction consumes 0.0024 KWh of electricity, versus about 1,000 KWh used for each Bitcoin transaction.
Aside from being far more environmentally friendly, electricity costs are negligible for BURST miners, so BURST miners earn nearly 100% profit. This opens the door for users with any level of technology to profitably mine BURST, including personal computers and technically even cell phones. Compare this to Bitcoin where mining with even a powerful personal computer is impossible.
Ultimately, BURST’s energy efficiency makes the barrier to entry very low, a user simply needs to have hard drive space to mine BURST. This results in the BURST network being highly decentralized.
Notably, miners do not have to buy any special equipment to mine BURST, they just use spare hard drive space that was sitting unused, versus Bitcoin mining where specialized hardware that costs thousands of dollars is required. Bitcoin mining rigs often become obsolete with time, and also have no other use besides Bitcoin mining, whereas hard drive space used for BURST mining never becomes obsolete and can easily be freed up and used for storage by deleting the plot file.
In summary, BURST is one of the most unique and fundamentally robust cryptocurrencies due to its PoC algorithm, which ensures decentralization while simultaneously guaranteeing energy efficiency and a low barrier for miner entry.
submitted by turtlecane to burst [link] [comments]

Short article written by Gawer

If you’re lucky the lottery is that the simplest way to become wealthy, the matter is that the lottery is controlled by some agencies and there's no manner for a standard individual to test and audit it. They cheat it by regulating the draw, therefore, nobody can win or declare an associate anonymous winner whether or not nobody else wins the lottery draw. Last year Arizona lottery had an issue, its processed lottery system had a defect that the results of the sport “All or nothing” on Sept twenty-eight, 2017, and Sept thirty, 2017, had the identical result. it should be a coincidence, however, it happens once more briefly span of time, September 29, 2017, and October three, 2017, had the identical result on the games “All or nothing”, “Pick 3” and “5 card cash”. this fashion what we expect a different variety of the draw is maybe planned numbers and anyone who's aware of the resulting numbers will be a winner. This controversy results of refunds of all the ticket sold on those games from Sept twenty-eight through October three, 2017, and resignation Arizona Lottery director Tony Bouie. Last year Colorado beano winner Amir Massihzadeh is suing the state lottery to induce all his winning; he's one in all the winners in Colorado jackpot in 2005. He was a victim of the lottery scam that results of the jackpot being shared by three individuals and he ought to be the only winner of that beano draw instead he got only a third of the number. The scam later knew once the suspect Eddie Raymond Tipton a former data administrator of the yank Multi-State Lottery Association confessed on, he cheats the lottery system. Due to his position, Tipton will simply access the pc chargeable for the lottery draw. Tipton had done the cheating by putting in a rootkit on the pc chargeable for the lottery draw. Tipton won the Colorado jackpot knowing the result early he bought the ticket with confidence, he won a third of the price, the third winner is claimed by Cuestion de Suerte LLC a firm with two lawyers connected with Tipton. This results of class lawsuit proceedings by the ticket buyers thereon lateen-rigged draw date seeking refunds.
knowing the issues of the current electronic lottery system I read one project that does not have this kind of issue. Introducing Mitoshi Cryptolotto "Spreading the joy of winning, one jackpot prize at a time!" unlike another electronic lotto the number generated from Mitoshi will be based on the latest bitcoin mined. This was it is ensured that no manipulation will be involved in the draw to make things better Mitoshi is also powered with smart contracts. Smart contracts will ensure that the winner will get the rewards instantaneously without a third party involved. To make the matter better all the result can be seen in the blockchain making it 100% transparent. One unique feature I found in this Lotto is that when there is no winner for the pot price the pot price will be distributed to the "active" players. benefits of for the token holder: The lottery is a multi-billion dollar industry it is expected to grow bigger as time passes on, as more bettor comes the token price will rise not mentioning Mitoshi Cryptolotto have global coverage. the only way to buy the lotto ticket is by purchasing Mitoshi Token. Early buyers will get a big discount on presale. for more details about the price and mechanics and the token sale visit
submitted by mitoshicrypto to u/mitoshicrypto [link] [comments]

Charitable tamper-proof, blockchain-based lottery? Can this be done?

Hey guys, I have been thinking of organizing a charitable lottery, the price of which will be a hardware wallet. The way I envision it is the following:
  1. I announce that, for ex., 0.001 BTC means one "ticket" in the lottery. Thus, the more bits a user sends - the larger the chance to win.
  2. Users send bitcoins to an unique BTC address, especially generated for this lottery.
  3. At a predefined date and time, the lottery ends. Immediately after the end-time the script is initiated and 0.001 BTC are sent to the winning bitcoin address with the message – „You just won a hardware wallet. Please contact …”
What I really want to accomplish is for people to be 100% sure that the lottery is not rigged, because IT IS NOT rigged.
Does anyone have an idea how can this be accomplished? All generated funds will go to a charitable initiative in BitHope.org. The best way to choose which charity receives the funds can also be by chance, meaning:
(4.) The remainder of the funds after the 0.001 notification transaction is send to a randomly chosen BTC address, associated with one of the campaigns announced at BitHope.org
I am sure this can be done in the Bitcoin blockchain. The only problem is how to ensure that the script cannot be tampered with and the winner of the wallet and the winner charity are really randomly chosen.
I will appreciate any suggestions.
submitted by vdramaliev to Bitcoin [link] [comments]

Transcript of George Webb Video Series Part 303 "Hillary's Leakers, Hackers, and Henchmen" [@Georgwebb / #HRCRatline]

  • George Webb Delivers Imran's Bitcoin To Rahm - YouTube
    • George has a long live session for Q and A
    • Clowns around with with the idea of hangliding into the FBI building and stealing hard drives full of bitcoin to give to Rahm Emanuel
    • Truly, George is the new most interesting man in the world\
    • McCabe's dog is name Coup Coup Ka Chew. Or maybe it's not. (it's jeremiah. only stupid mccabe would name his dog jeremiah)
  • Day 167.1. 20 Saipov "Visa Lottery Winners", 20 Blackberries - Managing Deep Uranium Ratline? - YouTube
    • It's day 167 this is part 1
    • And I'm getting a tooth out back here molars coming out
    • So I appreciate that, for the wonderful contribution by the viewers to give me that for free--I appreciate it
    • Last night we tried to arrange a meeting between Task Force and Robyn Gritz
    • And it was in the area of Pleasant Prairie near the border of Wisconsin
    • We don't give away the exact location
    • Now, everybody's gonna say Pleasant Prairie Pleasant Prairie: oh is that where Paul Ryan did the FoxConn deal
    • The foxconn is is the manufacturer in China China China China that makes the iPhone
    • And that's a two hundred fifty billion dollar investment that Trump did
    • So that's that's nice when that goes into your district
    • I think I'm pretty sure Pleasant Prairie is in Paul Ryan's district--is that ways quitting, because that's enough money to live on forever?
    • I don't know who knows?
    • But I don't know if I'm be able to upload this that's why I had to do the live stream yesterday
    • So sorry that was a little haphazard
    • But I really want to get the blues sisters together
    • I think this is really important--Robyn Gritz has that nuclear--she did all these nuclear negotiations in Iran...I don't want her to give away anything obviously classified
    • But we have an expert--a top world expert
    • And then we have somebody who at the state and local level has been involved in all these domestic activities
    • So it'd just be great to put the blues sisters together at the International with the with the National to really lend more expertise
    • So I know Robyn doesn't necessarily want to become a blues sister
    • And remake the Blues Brothers
    • But--you could see I wish I could have done the whole Saipov--loop in one go--by the cop car with a cop shocks and the cop tires, and the cop engine
    • And a half a pack of cigarettes full tank of gas--go down to Raja Foods--get the hawala send it back on a plane to Pakistan, pull off the halal, cash it for chips, convert it to Bitcoin, take the Bitcoin down to Rahm
    • I wish I could have done that all one go--as a blues brother--kind of Saipov
    • Now, everyone says, "well George, 19 Saipovs, 20 Blackberries: did each Saipov get a blackberry?"
    • And that was why Saipov had all these trucking companies?
    • You found five trucking companies, but were there 20?
    • Was each Saipov really a Saipov, were they all from Tashkent?
    • Were they all recruited by Craig Murray in Tashkent?
    • And I was surprised to learn Saipov was from Tashkent
    • The other thing that came out of yesterday was the 16 tons of what-do-you-get
    • You get you get a hell of a lot of valuable over Uranium that never made it--that from that megatons to megawatts--never made it to the United States
    • The 16 tons was in the Ukraine
    • Now, it moved somewhere
    • Was Deep Uranium right again?
    • It was all moved to Astana
    • Astana was this deep underground
    • I mean the story as actually going toward Deep Uranium
    • I mean that's where it is if you add up the value of that by going by hot Bob highly enriched Mueller's--quarter pounder, eight million a quarter pounder
    • That comes out to 4.48 trillion dollars
    • So as they were taking little bits off the top--selling off the Uranium to different nuclear powers
    • They put the drugs in there Rahm--wants
    • Now, I'm not saying these aren't legal drugs legal quarter weight drugs to sell to our veterans
    • But that is what Deep Uranium said a year ago
    • So I just keep finding a Deep Uranium's credibility is just getting confirmed by all these experts along the way
    • We'll keep following this story, but I have this feeling that Robyn Gritz is expertise in Iran is gonna lend to the same kind of it's gonna be just yet another part of the Uranium ratline for their developing nuclear program
  • Day 167.3. KGB Agent In Next Room - Rahm’s Abbott Labs VeroPharm Agents? - YouTube
    • Day 167 the anesthetic is in
    • You can see over there is not on the x-ray
    • But you can see clearly there's no no identifiable information there
    • Before I numb up, this this nuclear cities program--there's a KGB--this gal she's in the next room
    • Her father is in the KGB now
    • I don't know if Rahm Emanuel sent over the KGB, but she told the dentist: if anything happens to me you're in trouble
    • True story she works for Abbott labs I believe the drug is called Respiral {? / respirol? -- that's for breathing George...bronchodialator }
    • I said immediately to him tell me tell me tell me if it's Verro Pharma
  • Day 167.4. Q’s Triple AAA Clue - Astana to Awans to Alexandria? - YouTube
    • Day 164 this is part excuse-me 167 this is part 4
    • Tooth is out: extraction is a little bit like extracting HEU from Ukraine and taking it to Astana
    • So Q's out with a clue with Triple A about the Awans--the Triple A and the kill box
    • And I again, I talked to Deep Uranium on the kill box
    • When a opponent goes around a corner that's the perfect time to ambush them, and then you bottle them up as they go around the corner
    • And then that's the kill box
    • You get them from both sides in a kind of a box Deep Uranium is the one that said that Astana was the starting point of the ratline
    • I think that's where the 16 tons of HEU goes
    • I published a piece about 128 tons was the total nuclear inventory of plutonium from the Russians in 1991, when the Soviet Union collapsed
    • It's about 700 tons of HEU
    • So could 16 tons of that huge amount of Uranium
    • And plutonium have been diverted to Astana? you bet
    • So I do think all clues lead to Uranium
    • And the clue this morning on on Triple A it could have been the start of the ratline a being the Astana
    • And then the Awans to a place like Alexandria or it could be the people involved Hina Alvi, Imran Awan, and also Adila, his sister
    • So there's a lot of aides that go from Astana to the Awans to Alexandria
    • But we don't know what they were
    • But Q definitely was dropping big hints today on the triple A's
    • I think Astana most Americans don't know where it is
    • Again, if you don't remember trip Astana, the capital of Kazakhstan is one of the key--I think I believe it's capital of Kazakhstan at the top of our ratline
    • Deep Uranium over a year ago saying that's the beginning the ratline for the Uranium coming to the United States
    • And the drugs went with it, underneath
    • The yellowcake was on top or whatever the HEU
    • And the bottom was the white cake
    • Weapons in the other direction
    • Also weapons going out of Pakistan to Isis through the Pakistan Ordnance Factory
  • Day 167.5. More Q Clue - Triple A - Astana - Awans - ARMZ? - YouTube
    • Day 167
    • And this is part 5
    • And you don't have to comment about Q to wait for feedback
    • Everyone's saying, "George you dum-dum dodo head {{ no one is saying that }} don't you realize the third A is ARMZ, John Podesta's ARMZ company for arms"
    • And that is supported by this Muller announcing this new memo
    • Muller was enabled as a special prosecutor in May of last year 2017 by Rod Rosenstein
    • But now, there's a secret memo that's come to light that came out two months later, in August, enabling him to look at the Ukrainian situation Ukrainian trade with Paul Manafort and who? Oleg Deripaska
    • None of the people we introduced you to ever are not a key part later on down the road it seems
    • So what do we know about Oleg Deripaska?
    • Well could it be that the Awans the it's Astana to Awans and ARMZ? Maybe...
    • And were the Awans just doing the Uranium layer with the one two three with with Manafort
    • And was Deripaska doing the arms and drugs below that with Rahm, with the 20 Saipov trucking agencies, with the 20 Blackberries? Could be
    • So that's a wrinkle I'm sorry I missed ARMZ
    • Please accept my apologies
    • AAA = Astana Awans ARMZ
  • Day 167.6. Sweet Home Chicago - Blues Sisters - YouTube
    • It's day 167 this is part one it's cold here in the Windy City
    • So we decided to stay a few more days in Chicago
    • And the reason being is (sorry about the wind) is the Task Force it's really not just Task Force our local and state police representative who you know as Task Force
    • But really we want to add to the Task Force we want to add professionals from the FBI, especially like a Roby Gritz or a Mike McMahan on this subject of vetting
    • Vetting is very much in the news (I'll pan around here a little bit) vetting very much in the news
    • Now, hopefully that helps with the wind' vetting very much in the news with 44 different Democrats not vetting the Awans--any of them
    • Three of them being on the Intelligence Committee
    • So we're going to talk about different techniques of vetting that professionals use
    • We're not going to disclose anything classified like simultaneous interviews, or corroborating interviews, or recursive questioning, or none of those things will be discussed
    • We won't give away any classified information
    • But what we will do is talk about vetting, and how we might go about vetting the Awans, because it's never too late to do an assessment a damage assessment of what actually was exfiltrated out of the United States
    • What was in those hundreds of suspicious activity reports (SARs) going to Pakistan?
    • What was in those terabytes going to Pakistan?
    • Now, still we don't know the question
    • Now, there's rumors that Jesse Liu of the attorney general's office in the DC district has gone back to the grand jury, and may be considering an up charge for the Awans
    • So we don't know if that's true or not
    • But that certainly would be something that would be with no vetting we have no idea now
    • Luke Rosiak I heard him on today on a on a radio show before Hannity's, talking about the fact that hardly any of them even had a college degree
    • So we know something went horribly wrong with them all having $160,000 a year jobs in Congress
    • So this certainly has to be looked into
    • We hear that Chuck Grassley is also asked for a list of all people with classified clearances
    • So we'll see if the Awans come up in that or any of the Awan gang if you will
    • So that's what we have here in Chicago
    • We're going to try to have the Task Force--the hopefully the first two members of the Task Force will be the Blues sisters the Blues sisters
    • We'll have one state and local police officer
    • We'll hopefully have one International law enforcement officer
    • And Robyn Gritz to get our Task Force started off with the Blues sisters
    • And we might even have a live broadcast from a famous Blues Brothers location a little bit later this evening
  • Day 167.7. Loop Capital - 111 Jackson. - YouTube
    • Why Boeing? Well there are a Washington-based corporation that moved because of Rahm Emanuel here in a beautiful Chicago
    • Well there's another company from Washington about ready to do the same thing: it's called Amazon
    • Why are we subsidizing Amazon?
    • We don't know Trump's on the case now, though, and that's changing the whole dynamic
    • A lot of these things were true, but just never got any attention
    • Trump tweets it out, even though Preet Bharara want Bezos to buy Twitter just so Trump can't tweet
    • Probably not gonna happen
    • So got a you beautiful Chicago taxi down here we haven't made contact with Robyn Gritz yet
    • But we want our expertise on all these vetting questions
    • So we're gonna talk to her about damage assessments that she's done do we need another Amazon
    • So we needed another Chicago headquarters of a company stolen from another state well we'll find out
    • But if there are no tax breaks,
    • And then we are on the Washington Street bridge, so it is a little shaky--I hope it's not Chinese Steel
    • So then there you go
    • And we're not far well you can't really see it we're not far from the Willis Tower
    • And 111 Jackson.
    • What's 111 Jackson?
    • I know everybody's gonna say the same thing that's got to be something AWAN because it's a-1
    • That's the one it's the one: Loop capital, Loop capital 111 Jackson
    • We'll get there tomorrow
  • Day 168.1 Q Drops Star Electric Clue - Our STAR Reactor? - YouTube
    • It's day 168 here in Chicago
    • And the shooters father Q had mentioned look into the shooters father at YouTube
    • And his name is Ismail
    • This is we talked about Ismail Aghdam, so think of an agricultural dam
    • And anyway his company is Star Electric
    • And you look at his clients they really range all over the country
    • They range a lot in California where the company is based in Orange County
    • So it's Star Electric OC like Orange County
    • Of course you would expect Disney to be a customer, united bank, Facebook, etc
    • That's probably the old LA part of LA companies at Facebook acquired
    • Edison energy
    • Kaiser Permanente is big down in Orange County in LA
    • Morgan Stanley
    • Toshiba
    • Toyota etc
    • But interestingly enough they're also potentially involved in the New York transit system
    • These are all massive consumers of electrical energy
    • And if you open your mind a little to Lawrence Livermore Lab being in the same state
    • And if again, if you think if you put any credence in Q, you can look at this paper that was certainly quite a while ago--15 years ago, called some secure transportable autonomous reactor or the star reactor, which was developed at Lawrence Livermore laboratories
    • And it's for exactly this kind of use, where it's portable, it's for mining applications oil field applications...you never need to change the fuel in the core
    • So that reduces a lot of the--a lot of the safety concerns, because opening the core up, closing the core up, transporting fuel to the core, taking out old fuel pellets etc
    • So the idea here is almost like--you use a can of shaving cream when you're done with it you throw it away, you never refill the can if you will
    • And central generation on small electrical grids here is good
    • If we had Jeffries Epstein's Island we could use a small core reactor there, and just have we could have lights on in the tunnels forever, right?
    • Oil fields military installations
    • And if you look at the Hillary emails
    • And I believe they were real-time exfiltrated--at least State Department emails--through the Awan server at the Navy Yard, or at the very close to the Navy Yard there on M Street: if you look at those emails they're gonna be relating to this kind of thing it's not just gonna be small energy reactors, but developing people's 1-2-3 plans for their nuclear development both for peaceful use in military use
    • I think this is going to hit me over and over
    • It's usually right around oil fields because you can use a lot of the waste products from Uranium mining...of sulfuric acid...to get the yellowcake to do leaching in oil fields
    • So this is I believe all the five hundred thousand emails are gonna be related to this type of thing
    • And you that this gentleman here was this is his house here in San Diego
    • So it's not a big outfit by any means
    • And he said he made $100,000 as a sole proprietorship
    • But there's this arrest that he's had
    • He was the CEO of a company for about six years from 2002 to 2008
    • And he's CEO again, for another four year period
    • So it's on and off, so it's odd
    • And if you remember earlier in our series we talked about the AP1000 this is a pressurized water reactor which Westinghouse makes
    • The light water the boiling water reactors are the ones that GE makes
    • So we don't know exactly, but we've talked about this many times before
    • And it can be brought in on a core just like this, and be installed in a modular method
    • So it makes it a perfect use for somebody like a Google or a Facebook
    • Somebody has a huge server farm
    • Disney would be another great one because they've got all these electrical rides, and all lighting--the costs are so staggering there
    • Nuclear fuel just makes a lot of sense of course if you are a Edison elec Drake or something like that it's it can help back up your power grid for those times where you have peak load capacity situations as well
    • As well as small developing nations,
    • As well as nuclear facilities for military installations around the world
    • So I'm gonna shift here briefly now, to talk about Andre Taggart
    • Andre Taggarts gonna be on the show, just before Hannity today on I believe
    • <>
    • I'm going to switch gears here a little bit to talk about Total Information Awareness
    • This was a proposal in about the year 2003 as you can see here
    • And was called Total Information Agency, then it got changed a couple of times, and then defunded
    • But the idea basically was a fusion center for the United States
    • And a lot of what was in Total Information Awareness--even though got defunded by Congress--still ended up being implemented at the NSA
    • So this is why I think the Doug Gabriel discussion is so interesting, because it kind of follows right along
    • Here Admiral Poindexter called Total Information Awareness the Manhattan Project for counterterrorism
    • Basically was a collected all approach as well as using the geolocation that I talked so much about
    • And then the other idea that it was gonna have was data mining software, so that it could do predictive policing
    • Sort of the thing you see in Minority Report with Tom Cruise
    • And they just basically changed the name of TIA, and they codenamed it basketball
    • And there was this New York Times article in 2012 that said, "it was quietly thriving at the NSA"
    • But the idea here is of the different agencies that support it and go into this TIA program
    • And you're gonna find here's I'll show these DARPA slides a little bit later
    • But if you I don't have people remember INSCOM
    • Now, we've talked a lot about NSA, DIA, CIA I would talk about Stratcom--Special Operations Command
    • And JWAC are just basically joint commands we'll get to those laters
    • But there was this group that was hacked, this is the Army Intelligence and Security Command at Fort Belvoir
    • This operation is based in Fort Belvoir
    • Now, I believe Andre Taggart is working in this operation
    • This is Fort Belvoir INSCOM
    • And this is the key infiltration strategy for MAVNI right here
    • And Taggart is going to be on this radio show later
    • And we have Taggard at the Hawkshead address at 2008
    • So if the Taggart was actually at the Hawkshead address by a couple of different sources now at 2008, it was definitely an INSCOM operation, and a TIA for Total Information Awareness
    • Again, why would Andre Taggart have lied on the video?
    • It must be not that he's lying because he's a bad person, but he's covering for an operation
    • He's still employed, and he's still covering this operation at Fort Belvoir
    • I think that's what you're gonna find later on this afternoon or maybe a little bit later
    • But this is coming the INSCOM is definitely coming for Fort Belvoir
    • And this Total Information Awareness
    • I just want to expose folks to the program this morning we can get more into it later
    • And then of course we're going to Chicago
    • And we're going to go to Loop Capitol to follow up on some other new stuff as well
  • Day 168.2. Is Doug Gabriel Aware of Total Information Awareness? - YouTube
    • It's day 167 this is part 2
    • And Total Information Awareness--I was not aware of Total Information Awareness
    • TIA Total Information Awareness
    • So I've apologize
    • But it apparently it's it's the big story it
    • So it ties everything together--the PROMIS software--the software for Palantir
    • It feeds Palantir
    • Palantir feeds TIA
    • This big effort was started in 2002, and basically just has been they just changed the name
    • So I guess there's a couple of really good documentaries and books about it
    • But what's interesting is this INSCOM, which really started this idea
    • This INSCOM started out at Fort Belvoir, and Fort Belvoir is also the place that probably that Doug Gabriel
    • Doug Gabriel of AIM is was at because he was Army Intel before he was NSA
    • So INSCOM was split between a Virginia location and Fort Meade
    • And was that Doug, before Doug became NSA as a cryptographer, cryptologist for NSA
    • Interesting how everything keeps coming back
    • That's where that we found the Nazi art
    • We found 30 foot by 20 foot panels of Hitler--Nazi art in Fort Belvoir in December of last year!
    • So something is definitely going on
    • I call it the naughty NSA
    • Is INSCOM the naughty NSA? I don't know
    • But the NSA the NNSA is certainly the one responsible for all this nuclear material moving around
    • Now, this woman who ends up getting shot or shooting herself yesterday at Google, excuse me Google's company YOUTUBE, was not Turkish as first claimed
    • She lived on the Turkish border, but she was actually Iranian
    • And she there are reports that she may have Iranian military connections
    • So not only is her father working for Star Electric--five-star electric does the transportation system in Manhattan
    • But and then Star Electric out west doing these major Silicon Valley is that like MedStar?
    • Is that like AStar our transportation company in Virginia? I don't know
    • But this woman this AGHDAM woman spoke Farsi
    • What other young ladies spoke Farsi?
    • Mark Lambert's two daughters?
    • Was this woman Iranian Intel, as a translator? Iranian military as a translator? We don't know. We don't know
  • Day 168.3. Still Trying To Get Rahm His Imran Bitcoin - YouTube
    • Day 167 this is part three
    • Rahm wasn't at the other building with the other Picasso, so we found another Picasso
    • This is the county building here--the Cook County Building
    • Rahm: I have your Bitcoin
    • I don't really feel comfortable carrying your Bitcoin
    • Can you wave?
    • Can you just wave your Imran flag?
    • Can you can you wave your flag that says I love Pakistani farmers land?
    • Can you wave the flag that says I love USAID?
    • Alright we'll let you know if we get Rahm his Bitcoin
  • Day 168.4. The Teal Trump Rahm Imran Battle Is A Few Hundred Meyers. - YouTube
    • It's day 168
    • Over one year ago Task Force gave me the lead of the Chicago Tribune talking about Melissa Bean. Melissa Bean
    • She was a Congresswoman from Illinois from 2005 to 2011
    • That's how Rahm Emanuel inserted Imran Awan into the Congress of the United States
    • Of course a beautiful Wrigley building behind us
    • And this building here was the building that Peter Smith worked in, right here
    • Of course the beautiful Chicago River and the water taxis
    • And of course Trump Tower
    • This whole drama comes down to really a few few hundred meters between the Wrigley Building right there, where Peter Smith was
    • The Oppo research, the MIS Department and the Trump Tower
    • It's all coming to a head and you're all here to witness it
  • Day 169.1 Q Query - Did Rahm's Loop Capital Prey On the VA? - YouTube
    • It's day 169 this is part 1
    • And if you didn't see yesterday I was unsuccessful yet again, trying to get rahm emanuel his Bitcoin from Imran
    • Here's a excerpt from it--I'm yelling can you wave a flag of some type to let me know you're there can you wave a USAID flag, potentially
    • Can you wave a flag of Pakistani farmers can you wave a map of the Pakistani farmers land you might have stole I'm imploring him to wave some type of flag here, and he is not waving the flag
    • So it's it was unsuccessful
    • So moving right along
    • If you're not aware of the other article I referenced, which was a Chicago Tribune article of 2005, it's talking about this Melissa Bean and her Blackberry
    • And it's talking about hey her calendars sent directly to us here at the blackberry regardless of where she is I also get her documents we also send her PDF documents to brief her
    • So this is these are gonna be coming from all those SES folks
    • And of course, it's also gonna be going to Pakistan
    • And at that time, way back then, 2005 Imran was doing IT technology for 8 members of Congress
    • So you just have people send whatever document you want, and have any of course you forward terabytes on to Pakistan
    • This is going on since 2005 then you can see where they say how indispensable BlackBerry is
    • So this is not a new thing a lot of people talked about Total Information Awareness--this series on BBC--which was the Last Enemy if you want to check it out
    • This is the Benedict Cumberbatch played this part I referenced the Minority Report, where Total Information Awareness allows these precognitive kind of autists cops to predict crime
    • And I'm not sure that we didn't exactly end up with with this
    • Peter Thiel just won an 876 million dollar contract with the Army
    • You wonder if it's not out of Fort Belvoir under another name
    • I looked up a lot of the Peter Smith's because I walked by where Peter Smith worked at the Wrigley building, through our Plum book
    • And here's just a random sample of Smith's
    • And I just noticed this guy here at Social Security
    • And then he was still working in the administration this "Peter B Smith", not the Peter Smith that was dead died in the Mayo Clinic with the helium
    • But this Peter Smith is the Social Security Administration analyst...
    • I just thought I would show you
    • But he moves from Housing and Urban Development over to Social Security Administration
    • I don't know if that's a path that's taken very often
    • But again, it just seems like they all start out in Homeland Security as lawyers
    • And then they infiltrate across the board--I guess that's the point I'm making here
    • Pick a lane as I guess is what I'm saying
    • And become a deep expert in your lane rather than just be kind of coming this journey man lawyer that can be infiltrated into wherever a political party might want to infiltrate you
    • Here's another one here's Laura Smith
    • And she is providing expertise in NOAA we know NOAA
    • And even though she's SES she leaves the Government after you can see here after the election is lost
    • And you can see kind of how these titles go
    • Deputy chief to the senior staff of the Under Secretary
    • If you don't have one of those types of titles in Washington you're really not much of anything
    • And of course the ubiquitous George Washington in the University Law School
    • This I'm seeing over and over again, with the Masters of some kind of business training and then the Georgetown Law, and then you become kind of the CIA lawyer that can move and be infiltrated, at a whim
    • Here's a last one I'll do which is when dindi Smith
    • And again, you're gonna find he was one of these weapons of mass destruction people
    • And he actually moves up even though Trump, with the Trump election--sorry about that--he moves up the ladder he was the deputy assistant 2005 to 2017, and Trump actually ends up promoting him
    • But the real Smith that to talk to about as this guy here here he is in the plum book this is Michael Mayo Smith
    • And of course Peter Smith made me think of the Mayo Clinic
    • And made me think of these veterans integrated service networks
    • And there was a reporter by the name of Kimball--I believe it was Sarah Kimball that said it Oh everything everything is going wrong not just a worgen harvesting
    • But--appointments for friends they're bringing in people from other countries the veterans are waiting forever I'd be just about everything
    • And of course she died immediately after that
    • But this gentleman here was one of three regional VISN directors--this Mayo Smith--to lose his job
    • Shulkin right before he left was able to fire three of them
    • One was New England, the other was Arizona, of course Arizona is very famous Arizona, New Mexico and Southern California, and then West Virginia Maryland, and DC was also the other person to go
    • We have that horrific report about the DC Washington DC VA
    • So Virginia and Maryland--Virginia still stays in place
    • I'll get that name for you as we move forward
    • But you can see Shulkin was kind of trying to throw everyone else under the bus to try to save his job
    • But in actual fact we finally shucked Shulkin
    • So progress is made along the way in this series I just I every once in a while I need to stop and take an accounting of it
    • And just say we are being effective by getting facts out to the public
    • And getting whistleblowers names like Campbell's names out in the public
    • It is having the effect on the Trump administration
    • And we are getting out these these SES folks that are really clogging up the mill
  • Day 169.3. Corporate Welfare To Entice Amazon at United Center - YouTube
    • It's day 169
    • And this is part three
    • And we're following Rahm Emmanuel's investments all over California
    • And we're following his corporate welfare
    • We're still we still have the Bitcoin from Imran--we're trying to get Imran his Bitcoin
    • Rahm is not checked off yet
    • So we decided to start going to some of the different places where Rahm has arranged corporate welfare
    • Uber being one of them
    • Even Peter Thiel even ambrosia Mr. Peter Thiel I've never saw any blood too young for me--even he says Uber is the most ethically challenged company in this in Silicon Valley, if you could imagine that
    • So of course you're gonna have Eric Schmidt involved
    • We're gonna have some other key guys involved maybe Tim Geithner I don't know
    • But there is just something I found out about a couple of minutes ago--other parts of corporate welfare welfare called a tax investment fund tax investment fund
    • You're saying that's TIF that's not TI a you're not saying Total Information Awareness--you're saying tax investment fund you change things you said TIA yesterday
    • And then had a letter another letter George
    • Now, you've got tax investment fund what the tax investment fund is that scrape some money off the top of your property taxes here
    • And then build places like uber or builds a hotel for Marriott Hotel or down by Homen Square just to make sure that your guests are comfortable getting corporate welfare
    • They redo the super boxes down there at United Center
    • And oh by the way we're gonna have that neighborhood patrolled by University of Chicago Police, University of Chicago, University of Chicago Police
    • And they're going to patrol an area outside of the campus because we want our fake cops at United Center sitting in the luxury boxes with our executives from Uber, we want them to be comfortable, and we want to make sure that there's no...no Constitution
    • Only color-of-law is good enough for our corporate donors here at Uber corporation
  • Day 169.4. Q Clue Cues Me To Go To Loop Capital. - YouTube
    • Day 169 this is part 4
    • And here we are at Luke Capitol
    • Now, a lot of people say Luke Capitol isn't that that Q thing? That's that Q thing right?
    • Well it's guess we're 111 Jackson
    • Now, you may remember a few of these scenes that we're gonna show you rights out out of Luke Luke Capitol 1 111 West Jackson
    • Of course we're not too far from Willis Tower here used to be Sears Tower for many people who know that and
    • Now, you're gonna go down what sometimes is known as Chicago's Wall Street, by the Chicago Board of Trade
    • Now, you may remember the famous scene from Trading Places
    • Of course you've always have to have your obligatory statues to goodness light
    • And Sophia the GODdess of wisdom right
    • So we're gonna illegally cross the street
    • And show you kind of Chicago's little Wall Street
    • Now, did Rahm Emanuel in fact corporate welfare for everyone wearing wing tips?
    • Hard to say
    • Was it Luke Capital his financial vehicle to bring in Boeing
    • Was Luke Capital the financial vehicle that he plans to bring in Amazon
    • Is it going to be corporate welfare for the foreseeable future?
    • We don't really know
    • But all we can do is bring you the truth
    • It's really odd it seems like corporate welfare is had an all-time high
    • But real welfare to real people that are freezing below the bridges in Chicago is a lady I'm with
    • It's called Bernie Bridges--hashtag capital B Bernie capital B bridges she's above the bridge during the day with a message that the Washington Post can't print
    • She's above Washington Bridge saying, "hey no Amazon in in Chicago", right
    • And then at night they go below bridges burning below bridges
    • And she gives out we just gave some stuff to some homeless people
    • And she always carry six meals with her
    • Before major holidays: 12 meals
    • So here it is the answer is Rahm: how much longer with the corporate welfare?
    • When will some of the money go actually for the streets, rather than for the super boxes at the United Center?
    • And will the University of Chicago be the police force for Homen Square, for another foreseeable future, for 65,000 residents where they're not constitutionally-empowered to do any policing?
    • {{ 911: Robocop: OCP!}}
    • Is it going to be corporate welfare forever, Rahm
    • Is it going to always fall to the citizens to do what really is right for the people who live here in Chicago?
    • ...Who are in need?
    • That's the question
    • << rhetorical question: HONK! car confirms. >>
  • Day 169.5. Trebuchet For Rahm’s Bitcoin From Imran - Joking! - YouTube
    • It's day 169 part 5
    • There is the challenge this is the Rahm Emanuel challenge--the office way up there by that American flag
    • Rahm has not come down to get his bitcoin Imran's bitcoin
    • I'm getting a little tired of carrying it to be honest with you I realize it's billions of dollars
    • So what we've done here is we've jury-rigged this this Picasso to be sort of a trebuchet
    • Now, you remember in medieval times the trebuchet was one of the most feared weapons immediate history, because it used spring action, spring action
    • So we're gonna actually take the picasso, we're gonna mount the we're gonna mount the disc drives with all be with all the bitcoin from Pakistan, we're gonna mount it, and we're gonna pivot it directly toward Rahm's office
    • And we are going to fire it at a very high speed
    • Now, this is a very innocuous bag of just billions of dollars in Bitcoin
    • So it will only break a few windows
    • But there is just literally no other way to get Rahm his Bitcoin
    • Now, you may say, "oh you should get a historical reenactor, from the battles of medieval times, back in England"
    • And you may say, "Oh Tewkesbury. Go get a Tewksbury battle reenactor. Go get a battle reenactor for the Earl of Gloucester. Go get someone who can play Richard the third better than you who knows the first line of the movie or the play better than you."
    • Well we're just going to have to improvise
    • The next video you see roms roms Bitcoin will be flying through the window up there on that trebuchet
    • And this this functionless art will now, take on great significance getting Rahm his due from Pakistan
  • Day 169.6. Trump Tweets About Amazon Destroying Towns, Rahm Works On Tax Shelter - YouTube
    • It's day 169 this is part 7
    • And Trump is sent a clear signal to Rahm Emanuel
    • And amazon to stop the corporate welfare
    • And you can see this battle going on right over here between Trump Tower in the old Wrigley building--the Chicago Tribune
    • Chicago Tribune being very much like the Washington Post
    • And Jeff Bezos' Washington Post
    • The key lobbyists, the head lobbyist for Rahm Emanuel, and Jeff Bezos that's where the battles taking place--200 metres apart
    • And I think the message is clear << Ding ding ding Bridge Stop signal >> stop corporate welfare
  • Day 169.8. Robyn Gritz - We Are Not Insiders, But We Can Learn - YouTube
    • It's day 169 this is probably part eight
    • Right in there is Robyn Grits meeting with Task Force
    • And another supporter, viewer of the channel: I really appreciate it
    • And so three hours we had a long conversation
    • And see Task Force trade kind of experiences with Robyn Grits was really him
    • And I think an important thing
    • There's so much with both of them--with just the whole Robert Levinson
    • And the whole antiterrorism the whole Andy McCabe thing
    • And then Task Force with all of the parolee attacks
    • And the Becerra attack etc
    • It becomes there's a lot
    • And both people need to get to know both of those sides of the story
    • But I think for us on the outside
    • (And this is my attempt at a an extended analogy here)
    • They're on the inside talking about their insider experiences
    • We're on the outside
    • What we're trying to do out here is to extend the expertise, extend the experiences, extend the things that may have gone wrong
    • And create a bigger learning for all women who may be in this position in law enforcement, where they were kind of crushed by males who made pretty bad decisions
    • And one of the things I love--probing
    • And asking deeper and deeper questions
    • >>>CONT
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

LEGENDARYBET: AN ALL-PURPOSE SPORTS BETTING AND GAMBLING PLATFORM.

LEGENDARYBET: AN ALL-PURPOSE SPORTS BETTING AND GAMBLING PLATFORM.

https://preview.redd.it/3d3tzg18lfw11.jpg?width=573&format=pjpg&auto=webp&s=7bf143b9a5456ad7bea95fd86910b36b40caa430
The widespread enthusiasm for spectator sports shows no sign of abating in the 21st century. As for sports betting, it is more popular and more widely available than ever, thanks to loosening regulations and the rise of online gambling. However, the industry has an unsavoury reputation. The illegal sports betting market is still much bigger than the legal one. Bookmakers and betting sites often refuse to play fair, rigging the odds and introducing hidden fees. There are also instances of straight-up fraud. On the other hand, even on-the-level betting services tend to have complex registration procedures and high charges.
LEGENDARYBET hopes to provide a superior alternative based on blockchain technology. The platform is intended to be a transparent, reliable and easy to access hub for betting on a wide variety of sports. Nor does it plan to stop there, given the right partners, the LEGENDARYBET design is meant to potentially accommodate any number of sports or gambling-related activities, becoming the heart of a broad online ecosystem.
There are two easy ways of placing bets at LEGENDARYBET, which are;
· You can use BTC that you have deposited to your LEGENDARYBET wallet.
· By directly transferring BTC for a given event.
In both cases, the processes are simple to get along.

HOW WILL THE LEGENDARYBET PLATFORM OPERATE?
LEGENDARYBET is meant to be a platform that any number of third parties, whether individuals or businesses, will be able to use to organize their own sports betting activities. The things that the company itself brings to the table are as follows:
  1. The blockchain platform itself and its user interface;
  2. Blockchain based, which will be used to carry out secure, automatic and transparent transactions and store all relevant game data for a month, as well as to help ensure regulatory compliance from all participants;
  3. The Bitcoin, used to both place bets and collect winnings, as well as for all other transactions on the platform such as bonuses or fee payments. Notably, there will be no betting limits;
  4. A set of tools and pre-made modules that third-party developers will be able to use in order to develop their own sports betting apps for the platform;
  5. A secure wallet: In order to participate in any betting event on the platform, all that a player would need to do would be to log into it. This participation will be fully anonymous, with all sensitive data safely hidden. All payouts and withdrawals connected to it will be quick and straightforward.
The scope of activities that could be arranged on the platform will be very wide. LEGENDARYBET will support betting on sports from football to horse racing. It will also allow other forms of gambling, such as poker or lotteries; other forms of sports interactions, such as fantasy sports; and even a marketplace for match tickets and merchandise. The eventual intent is to make it easy for individuals to set up their own casual sports betting games with LEGENDARYBET's open-source software.
However, the platform will also rely on games provided by partner companies, such as a casual game that lets its players select any five football players in a specific game and then accumulate points based on the goals they score.

Official Links of the LENGENDARYBET projects:
Website = https://legendary.bet/
facebook = https://www.facebook.com/Legendarybet-1157536627733708/
twitter = https://twitter.com/legendarybet
instagram = https://instagram.com/legendarybet
medium = https://medium.com/@legendarybet2019
reddit = https://reddit.com/legendarybet
beginner’s guide = https://legendary.bet/#/beginners-guide


AUTHOR (BITCOINTALK USERNAME): doglasslim
submitted by doglasslim to ICOAnalysis [link] [comments]

Battle of Consensus Protocols

Battle of Consensus Protocols
https://preview.redd.it/anvkvzy5wtx11.png?width=600&format=png&auto=webp&s=6140150a56a7cc11010c19a7627e254547cea627
In the recent years, blockchain community has been bombarded with new projects every day. No matter how much you think you are familiar with the latest technology, there is always something brand new on this market; and it is extremely difficult to keep up. Most blockchain technologies differ in one principal thing, Consensus Algorithm. So let’s dive into what consensus algorithms actually are, followed by why and how they were assembled.

https://preview.redd.it/gppnhn8gwtx11.png?width=115&format=png&auto=webp&s=384b64f3ac7c9aec12be9c0e76a745c30af20ffb
As we all know, it all started in 2008, when bitcoin was born. The term “Proof of Work” or PoW was first coined an formalized in a 1999 paper by Markus and Ari. Bitcoin used Proof of Work (PoW) which is, by the way, older than bitcoin. Proof of Work (PoW) might not be the most “perfect” consensus algorithms out there, but it paved a way for all other protocols. It made people think about all the possible ways there could be for transaction of money on a public ledger without involving a third party.
PoW (Proof of Work)
  • It works on the sole idea of competition between the miners to gain rewards. Who doesn’t want to take part in a competition, right? But, there is a little catch i.e. it needs a lot of power consumption.
  • Miners have to solve complicated mathematical problems that require a brute force method.
  • Once a miner solves it, he announces his win to everyone in the system, and is rewarded.
Types of Mathematical Puzzles:
There are several examples of the mathematical puzzles, some of them are:
  1. Hash function:
This puzzle, once solved, gives the input of a function if the output was
known.
  1. Integer factorization:
This gives a number as a multiplication of two numbers.
  1. Guided tour puzzle protocol:
This requires solving hash functions for nodes in a defined manner if a server suspects a DoS attack.
Used by:
Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Monero, Bitcoin Gold.
There was a big uproar about the power consumption of this algorithm, which leads to different variations of it that tries to solve the biggest con of the PoW.

https://preview.redd.it/okcy8j4jwtx11.jpg?width=450&format=pjpg&auto=webp&s=45116064ae2094f0e2da9b422d3cb3ec12b52712
PoB (Proof of Burn):
  • Proof of Burn is usually known as Proof of Work minus the energy waste.
  • It works on the simple principle of burning virtual tokens which helps the miners to build a block.
Process:
The process is as follows:
  1. This is done when miners send their coins to an address known as eater address that consumes the coins. Note that the burned coins are the only consumed resources in this process.
  2. Once coins (they could be thought as mining rigs) are burned, the miners are granted their mining rights.
  3. More the coins burns, more the miner will have his rights. This characteristic of PoB resembles Proof of Stake to some extent.
Used by:
Slimcoin, TGCoin.
PoET (Proof of Elapsed time):
  • PoET is the consensus algorithm that is used by permission based blockchains.
  • This consensus is based on the fair lottery problem meaning every single node has a fair chance of winning the mining rights.
  • The process is as follows:
  1. The nodes have to wait for certain time (thus the name) to gain mining rights.
  2. The time is chosen on the basis of the random numbers generated by the nodes themselves.
  3. The node with the shortest wait time wakes up and commits a new block to the blockchain.
Used by:
HyperLedger, Sawtooth.
PoS (Proof of Stake)
  • PoW has been a ground breaking algorithm with some of the best implementations up-till now but it has a lot of shortcomings, the most prominent and controversial to be the high energy consumption. Hence, the need to evolve arised and that’s where PoS comes in!
  • How it differs?
  1. Stake based.
  2. No mining rewards.
  3. Lesser energy consumption.
  • It is simply a stake based system. This actually assigns mining power based on the number of stakes owned by any individual node in the network. The stakes are based on the amount of coins owned by the nodes. The more coins someone holds, the more is their stake in the network. The ones with the maximum stake can mine and verify the blocks and transactions.
  • PoS is not reward based, so removes the competition between the miners. In return of mining a block, the block producer gets the transaction fee in return for their services.
  • Everybody gets to verify transactions directly proportional to their stake in the network. The problem that arises here is that those who hold the most stakes will always be the first ones to get a chance for verifying a transaction.; hence the ones with the least stake may never get a chance to verify any transaction...
  • To solve the issues existing in PoS the following protocols are built with different systems to reach consensus.
Used by:
BitShares, Stratis, PIVX, NavCoin (NAV), Cardano (ADA)

https://preview.redd.it/po90uw9lwtx11.jpg?width=525&format=pjpg&auto=webp&s=f83ede1715c3ab51cfac44a546f20461510c3b19
DPoS (Delegated Proof of Stake):
  • For achieving consensus in the network it uses repute of the nodes and an actual voting structure in a democratic way.
Process:
The process is as follows:
  1. Everyone who has a stake in the system takes part in virtual voting to select the delegates.
  2. These delegates then secure the network and verify the transactions for the new block. It focuses highly on scalability, efficiency and speed.
Though, DPoS might be forgoing decentralization for scalability.
Used by:
EOS Lisk, ARK, BitShares.
LPoS (Leased Proof of Stake):
  • The problem with normal PoS is that small-holders with minimum balances cannot stake a block.
Process:
Leased Proof of Stake gives a solution for in this way:
  1. As by its basics, the smaller miners will lease their balances to the staking nodes.
  2. The funds generated by lease are in control of the holder. They can spend it or move it as per their wish. Once the holder moves the leased balance, the lease ends.
  3. The leased coins increase the stake of the staking node which increases its chance of being selected for the verification of blocks.
  4. The rewards received are then divided among the leasers proportionally.
Used by:
Waves platform.
PoWeight (Proof of Weight):
  • PoWeight tries to solve the same problem (holders with more tokens have more stakes in the system) PoS possess.
  • Proof of Weight tries to overcome it in this way:
  1. Instead of using the system of stakes, a system of defined weights is used in order to identifying the nodes that will verify the blocks in the network.
  2. The weighting criteria might differ for different blockchain networks.
  3. It focuses on customizability and scalability.
  4. Every user has a weight assigns to them. Most probably the weights are assigned based on the amount of money which the users hold.
  5. It is not designed to generate passive revenues for the nodes.
Used by:
Algorand, Filecoin, Chia.
PoC (Proof of Capacity):
  • Instead of changing numbers in block headers and hashing, PoC introduces a new mechanism.
Process:
The process is as follows:
  1. It works by plotting hard drives of all the interested nodes. They compute and store multiple solutions on every willing node’s hard drive. This is done before the mining game starts. This works like a lottery system.
  2. Every solution has a different speed. If your hard drive has the fastest solution to the present block’s problem then you will win and get the right to verify that block. Same happens for every block.
  3. It is all based on luck. The greater number of plotted solutions on hard drive means a greater chance to win block verification.
Used by:
Burstcoin, Spacemint.
POW+POS

https://preview.redd.it/g2qtc5jowtx11.jpg?width=1200&format=pjpg&auto=webp&s=58a83c92318f850afb750bb2038fce251cbd68d1

PoA (Proof of Activity):

  • Proof of Activity starts like PoW with miners trying to solve the mathematical calculations to get rewards.
Process:
The difference is explained through this process:
  1. The mined block doesn’t contain transactions, just the header and mining rewards address.
  2. Once this process is over, the system switch back to PoS. Header helps in selection of random group of validators to sign the blocks.
  3. These validators are the coin holders. More the coins a validator has, more will be the chances that he will be selected to sign a new block.
  4. Once all the validators sign the block, it will be considered as the new block in the blockchain system.
Used by:
Decred.
PoI (Proof of Importance):
  • PoI recognizes that the how much tokens one have shouldn’t be the only determining factor for the value of the nodes.
Process:
The process of this algorithm has these characteristics:
  1. How much activity one node does is the better judge of who should have the most stake of the system.
  2. This algorithm uses PoW in combination with PoS, with PoW coming first followed by PoS.
Used by:
NEM.
BFT (Byzantine Fault Tolerance)
Byzantine Fault Tolerance is the characteristic of fault-tolerant system that tolerates the class of failures that belongs to the Byzantine Generals’ problem.
There are several consensus algorithms based on this dependency:
PBFT (Practical Byzantine Fault Tolerance):
  • The pBFT tolerates malicious nodes by providing a Byzantine state machine replication by assuming that there always be the nodes failures and those nodes can spread manipulated messages.
  • The algorithm is devised to work in asynchronous systems. It is optimized to be high-performance with an impressive overhead runtime and only a slight increase in latency.
  • For this algorithm to work, an assumption is made that the malicious nodes cannot exceed one third of the total nodes. If the total number of the nodes is large, it will be highly unlikely for the malicious nodes to reach one third of that amount.
Process:
The process goes like this:
  1. Client asks the main (leader) node to invoke an operation.
  2. The leader asks the other (backup) nodes to execute the request; which they do and then send reply to client.
  3. The client awaits almost one more than the total faulty nodes’ reply and expects the same result.’
For this process to occur, it is agreed upon that all nodes are deterministic, and they start at the same state. The final results depend on what all honest nodes agreed on.
Used by:
Zilliqa, HyperLedger.

https://preview.redd.it/e13wi6rqwtx11.jpg?width=1200&format=pjpg&auto=webp&s=41753643dfc38955ea5bbfe6dd66b542b24f0655
DBFT (Delegated Byzantine Fault Tolerance):
  • Delegated Byzantine Fault Tolerance works in the same way as the country’s governance system.
  • This method is similar to PoS rather than PoW, by utilizing voting system to choose delegates.
Process:
DBFT works like this:
  1. Citizen votes for delegates which do not depend on the number of tokens one hold.
  2. One of the chosen delegates is selected at random to be a speaker.
  3. Their job is to keep track of all the transactions that are being made on the system which is then recorded on the public ledger.
  4. After that, the speaker proposes his own block ,which he sends to all other delegates for confirmation
  5. At least ⅔ of the delegates should approve that block to be added on the public ledger.
Used by:
NEO.
SBFT (Simplified Byzantine Fault Tolerance):
  • In simplified Byzantine Fault Tolerance (SBFT), there is only one block generator that collects and verifies the transaction into a new-block proposal.
Process:
The process goes like this:
  1. The generator applies rules that have been agreed upon by all the nodes to the blocks and all the blocks signers.
  2. Other block signers then verify that proposed block by signing on it.
  3. All members of the system knows the identity of these signors, so they only accept those blocks that have been signed by them.
One important thing about Simplified Byzantine Fault Tolerance is that nodes and the signers could be deleted at any time, thus ensuring a layer of security to deal with the malicious nodes.
Used by:
Chain
DAG (Directed Acyclic Graph)
  • A DAG is an information or data structure which can be utilized to demonstrate diverse problems.
  • It is not a part of blockchain but it offers a solution existing in the current blockchain frameworks.

https://preview.redd.it/x9qfbvhtwtx11.png?width=504&format=png&auto=webp&s=01967a32d4e41b0a7c64c3a79c206b3af7055510
Process:
Its process is given below:
  1. It is a directed,acyclic and graphic algorithm that runs in linear time.
  2. It follows topological ordering.
  3. This algorithm finds the shortest paths form the source nodes to other vertices.
  4. Every DAG starts from a parent node and has multiple following nodes in it. The last node is supposed to have no kids.
  5. These graphs are never cyclic and cannot refer back to themselves hence are uni-directional.
Used by:
Iota, HashGraph, Byteball, RaiBlocks/Nano.
.
submitted by rnssol to u/rnssol [link] [comments]

Bitcoin and the Tax Changes in the US

So Uncle Sam has not been kind to us crypto junkies. With the change of the tax code, each transaction now is effectively taxed as income (not capital gains) meaning you can pay up to of 39.6% in federal taxes alone depending on which tax bracket you're in, and if you do not live in a state that does not have an income tax then the state is going to also want its fair share as well.
I first must say I'm not a tax advisor and any information I divulge is food for thought. With that in mind, there are many ways to minimize your tax liability if you have a significant holding in bitcoin or any other crypto currency.
Imagine many of the concepts and recommendations given by financial planners and tax experts to an individual that has won a large lottery jackpot still applies in this scenario.
Lets say for example you have 5000 BTC and a big smile on your face, it would be ridiculously stupid to cash out any large amounts above $470,700 as Uncle Sam would be using the largest condom he has to rape you. If you cash out lets say 10 million in BTC, you're going to be paying nearly a little over 4 million in tax if you're in an taxable income state. If you're in NY or Cali then you should just move unless you don't mind giving boat loads of money to politicians that spend it on everything under the sun.
Lets say you take that same 10 million dollars and you were to cash out as an S Corp, lets say for example; Nakamoto's Cafe, Inc.
Because this is a pass through tax structure in which case any money that you invest into the business is a tax write off (for the most part). At which case you and your spouse become employees of Nakamoto's Cafe and each take a nice salary of $200,000 per year in which case the first 120k is taxed with Social Security. Your company will provide you and your spouse with 100% benfitits paid health insurance, life insurance, dental, vision and a very nice 401k with 100% match up to the maximum federal limit at currently $18,500 for a total of 37k yearly contributions tax deferred.
Your company is so great that they even provide you with a residence to pay rent free and covers all property taxes and utilities. Also very nice luxury company vehicles are provided to the executives with insurance covered and fleet gas card.
Your company provides you with lavish first class airfare when you travel for your business purposes ;) such as managing your bitcoin portfolio while sipping some coke and rum on the beach of Fiji.
The company of course provides very nice computers and mobile devices so you can run maintain your business anytime anywhere.
Ultimately there will be a time where you have to pay money on taxes for pass through distributions, in which case if you manage your money correctly you will not have any distributions and will be able to maintain your lifestyle the way you like. Also keep in mind giving to charity is much better investment than giving to Uncle Sam to invest. Seriously we bomb a country only to pay to rebuild them... lol
Any who these are just thoughts based on recommendations I've had from tax professionals and business lawyers. I'm sure this is easier said than done but from my understanding, this type of stuff is done quite often by the super rich obviously.
Please note that I'm not encoring you to avoid taxes, that would be stupid. I am however encouraging you to be smart with your money as the system is obviously rigged in favor of those who understand it and know how to take advantage of it.
Keep in mind you're doing nothing legally wrong by paying the least amount of tax legally required of you ;)
Now that Crypto Currency is evolving and the SEC is becoming interested in Tokens and ICO's as they represent Securities, there is clearly a legal argument that crypto is not a property and is a security in which case would be taxed as capital gains and not income :) but hey we'll have to see how this one plays out.
submitted by mku_72 to Bitcoin [link] [comments]

How BTC is vulnerable to attack, and why that vulnerability is not being fixed

Bitcoin can be attacked by exploiting flaws in the Bitcoin protocol in order to make Bitcoin transactions extremely expensive, both in money and time.
How does this attack work?
First, a brief technical background: The Bitcoin mining network depends on a computational handicap called difficulty, used to make sure that new Bitcoin is produced at a specific target interval, roughly every 10 minutes. Because miners can join and leave the network at will, the total compute power of the network fluctuates. To ensure that these fluctuations don't result in producing Bitcoin at a rate too far from once every 10 minutes, the difficulty must be adjusted: higher when there is more compute power available, and lower when there is less. Difficulty is automatically adjusted roughly every 336 hours.
The attack itself:
The first part of this attack involves a bunch of miners conspiring to join the Bitcoin network, thus raising its compute power. Then, immediately after the difficulty is adjusted, the miners leave the network. This results in the difficulty being set too high, meaning that the actual rate at which new Bitcoin is produced will be longer than the target of 10 minutes.
The reason this matters so much is that the rate at which new Bitcoin is produced is intrinsically tied to the rate at which transactions are processed. They are both tied to the difficulty. If the difficulty is too high, transactions take a long time to process.
The second part of this attack, which works in conjunction with the first, is to place a high demand on the transaction processing capacity of the Bitcoin network. What a group of attackers could do is to automate the sending of many small transactions. Because, as you'll recall from part 1, the rate at which transactions are processed is slow due to the difficulty mis-match, and because there is such an abundance of transactions to be processed, a huge backlog is created.
Miners process transactions with higher fees first, so if a sender wants to have their transaction complete in the minimum time available, they can choose to pay a higher transaction fee.
The third part of this attack is creating incentives via market manipulation. Put simply, this means wealthy holders dumping BTC and pumping other crypto coins. These effects can snowball if smaller holders then sell their BTC and buy other coins in hopes of avoiding loss or gaining profits. As the price of BTC falls, it becomes less profitable to mine, and others' rising price make them more profitable to mine. This creates an incentive for miners to choose the other coin's network, thereby leaving the BTC network exactly when they are needed most. Furthermore, as owners of BTC see the price drop, they might send their BTC to an exchange to sell it in hopes of avoiding loss. This will lead to a larger backlog of transactions.
What this all adds up to is a vicious cycle: dropping BTC prices -> less profitable to mine BTC -> slowemore expensive BTC transactions -> BTC less useful as a currency -> less BTC users -> dropping BTC prices
What this attack reveals is just why the "Bitcoin is a store of value" narrative has become so important: because Bitcoin is extremely vulnerable to the attack I've described, making it unusable as a currency. Marketing it as a "store of value" downplays this vulnerability, which is in truth, severe.
Why not simply fix the vulnerability? The fix to this vulnerability has existed since Bitcoin's creation and is outlined in the Bitcoin whitepaper. The "problem" is that it would result in more transactions being mined per unit of time, and thus a higher amount of transaction fees being paid to miners.
The reason this is a "problem" is that the mining system is designed with some resemblance to a lottery, with compute power being analogous to tickets.
The difficulty aspect of the mining system is designed to protect against anti-competitive practices: when a new miner joins the network, the difficulty adjustment ensures that the new miner's lottery tickets are equally as valuable as those of current miners. The new miner may have more tickets, or less, but the point is that there is no way to create different classes of tickets, such that their owners can be given preferential treatment. The only way to gain an advantage is to acquire more compute power, and this protects against anti-competitiveness because if someone is controlling an unfair proportion of the lottery tickets, you can always buy more, and be assured that they will be equally as valid as the competition's.
This is not a scenario that is favorable to maximizing profitability. Some interests would prefer that they could buy special tickets which their competition didn't have access too.
Therefore, rather than fixing the vulnerability, it has been labeled an essential "feature", and the controlling interests of Bitcoin have chosen to move the bulk of transactions to a separate "layer", so that the miners are responsible only for creating the final record of large transactions, rather than many smaller individual transactions. This new layer is effectively a way of rigging the lottery. However, this is not because there will be special tickets that let someone win disproportionately. It's because the bulk of transaction fees will simply never be included in the prize pool of the lottery.
submitted by AstroCandless to btc [link] [comments]

Random Drunk Idea to Spread Adoption (Take with a grain of salt)

Okay...so I just decided when my U2 mining rig pretty much hits the point of barely being able to penny gamble, I'm going to give away half of my U2s to lottery customers (I work as a cashier) and introduce them to some bitcoin gambling sites (of course with a proper warning I'm sure anyone who takes me up on it will ignore about the legality of such).
When all us miners (myself a foolish one who essentially ate costs for the networks unnoticing sake) have equipment thats essentially useless for anything but test networks and solo mining, why not start giving our USB miners away? I mean...anyone intrigued enough to take it and try and do something with it would just need a primer on downloading a mining client and directions towards a pool, and some silly way to play with microtransactions (such as a gambling site) to actually be involved. And isn't that the most important first step towards adoption? Involvement and attention span?
What other manner could mining hardware be given away to actually give people satoshis or microbits to play with? I mean...I have no delusions about being able to sell my U2s when it gets to that point. Anyone else of similar mind?
submitted by Twisted_word to Bitcoin [link] [comments]

"together women can change the world" Interview with Appics COO Uma Hagenguth

„Together, women can change the world“
Young, innovative, and female: the 20 year-old Uma Hagenguth is part of this movement of our
generation, aiming to bring more freedom to this world.
Being a young woman in the tech industry and co-founder of APPICS, the first blockchain-based
social media app, Uma truly lives the idea of female empowerment.
I’ve always tried to view the world from an external perspective. Most people are stuck in a
constant habit loop: going to school, college, getting a job …
I was blessed to grow up in an environment of Entrepreneurs. At first, it seemed insane that people
could really earn money with their own online businesses - but then, I wanted to know more, and
understand this technology and its possibilities.
Technology and women - even today, quite a rare combination…
Unfortunately, yes. This is a pity because female emotional intelligence is so important in this
industry. Often, men only think about the technology itself.
But women can feel intuitively how you can change the world with it.
You can learn anything - most of the time, women just don’t get in contact with tech like men do.
We should just try to be more self-confident and trust our own abilities.
So why don’t women do it?
Because the change in our society is still happening right now.
Women with superpowers are traditionally not expected. Until today, the voice of a women is still
not completely equal to that of a man. Often times, we have to accomplish more in order to be
recognized.
These are the rudiments of a time and a mindset that is long outdated - but that still hasn’t reached
everyone.
What would be an example?
I was attending a Bitcoin Meetup in Berlin. At the entrance, I was being stopped by a young man
and told: „The café is currently closed due to a Blockchain Event.“
I just said „yes, that’s exactly where I’m headed … thank you.“
This subconscious judgmental attitude is still present in a lot of male mindsets.
But we can’t let this become a personal barrier to our growth.
My personal way of dealing with it: ignore the stereotypes and focus.
I only pay attention to who I am and what I can change.
How did you get introduced to the tech world ?
Tony Winchester - CEO of APPICS, one of the first bitcoin millionaires in Germany and my Mentor,
was the one who first introduced me to crypto after being my dance instructor. Together with him
and Sandro Ieva, the 3rd founder of APPICS, we founded a digital agency in 2012. I was 15 at that
time.
It was also at Tony’s home where I saw a Bitcoin mining rig for the very first time.
At first, I thought it was something like a heater - until he told me that this machine actually creates
money. 6 Bitcoin per day at the time!
And that’s what got you started with crypto?
Yes, amongst other things. The more I got into the crypto world, the more I realized: This is not just
a new currency. This is a technology that will completely revolutionize our world.
But for most people, crypto is just digital money.
Like the internet was in 1994?
Exactly. Blockchain Technology is revolutionary.
Now is the moment of truth, who will recognize this huge potential first: governments, banks, big
corporations, or we as society?
This is our chance to make a change, to bring decentralization to social media and to stop third
parties from benefitting from our time and energy.
3 Billion people are online everyday - and 91% of that traffic is from mobile devices.
14 year-old YouTube stars have a bigger reach than the US-president.
The community is fighting to get its power back - we are witnessing the change right now. And
Blockchain Technology rewards proactivity.
But in order for that to happen, society needs to get in touch with the technology first …
And that’s where APPICS comes in. The crypto community is still tiny, and the rest of the „normal“
society lacks understanding.
With APPICS, we are going to bridge the gap between crypto and mainstream, making it possible
for anyone to benefit from Blockchain Technology without actually having to understand how it
works on a technical level.
Do you think this could be an incentive for females to get into the crypto space ?
Definitely. Most women might not even be aware that finance and technology could actually be
interesting to them - because they’ve never tried it.
I would have never guessed myself that I would someday found a company in this very industry.
You just have to get involved with it, and social media is making it more easily accessible.
How would that work?
APPICS is the first social media app which is based on blockchain technology, but is still easy to
use for everyone. At the core, the app works similar to Instagram - but instead of algorithms, the
community gets to decide over the success of the users and the quality of the content. There is no
need for sponsors or constant advertisement. The value of the content is created through
interactions.
What does that mean?
Everyone can share pictures and videos, like, comment, and earn instant cryptocurrency tokens
through other people’s upvotes. The bigger your influence in the network, the bigger the impact of
your vote. At the end, your post might result in something like „20 Dollars worth of APPICS coins“ -
and this is your money.
You can either leave it and receive interest, spend it in our shop system, or exchange it for regular
currency to pay your bills.
Why do you think this would work?
Our APPICS-team is unlike most cryptocurrency projects, being well-established in both worlds,
mainstream, as well as crypto. We have been trading, programming and mining cryptocurrencies
since 2011 - but we’re also artists and have connections in the mainstream entertainment industry.
Especially the younger generation is yearning for self-determination.
With APPICS, we can show what would be possible on a larger scale: individuals retrieve control
over their life, their time, and the value of their work.
We don’t have to store our money at the bank anymore. We don’t have to blindly obey to these
institutions.
Our trust has been broken countless times by the governments and officials of this world, so now it
only makes sense for people to be interested in Blockchain and APPICS.
Do you even have money stored in your bank account anymore?
Hardly any. Once you understand the system, you’ll want to get out.
Nowadays I have most of my money in crypto and only exchange what I need in that moment.
Most people are scared that their money will be worthless all of a sudden - but crypto is not a
lottery. You are investing in a technology that is bigger than the internet itself and that is a big
difference.
Our pre-sale alone has already shown how people around the globe are yearning for a change in
social media, and blockchain is here to make it happen.
In what way?
We raised $1.5 million US Dollars in just 26 minutes - although the pre-sale was supposed to last
for 4 weeks.
We were sold out in under half an hour and now, over 5000 people are waiting for our official ICO
to start on march 28.
The team consists of 80\% women - a coincidence?
The most important factor for us were the people. Of course, feminine energy can’t hurt in any
team, but I’m not a feminist that insists on gender-specific competence.
The APPICS Team consists of many smart, creative people - and most happen to be women.
Still, I am happy that we are representing the women-empowerment movement with this.
Why is that?
In the last few years, I got connected with so many interesting, strong and intelligent women in
business. Many of these women inspired me and helped me on my own path.
Today, I am becoming an inspiration for others, which is incredible. I often get messages from
women around the globe, who are fascinated by my work.
This support is a huge motivation to me.
We can only really make a change when we are truly living this mutual motivation and inspiration
and reflect it in everything we do.
A women alone can be as strong as she wants - but with a global community supporting her, she
can really make a change.
submitted by appics to girlpowerfantasies [link] [comments]

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