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Showing 13 of 13 results by EdanYago
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Topic
Board Project Development
Re: Sovryn - Brings DeFi to Bitcoin
by
EdanYago
on 07/02/2021, 13:34:49 UTC
#3: Bitcoin is integrated to a side chain called RSK, which is Turing-Complete (like ethereum), and by using a Hardware Security Module architecture, up to 40% of the biotcoin miners lock the bitcoins to be issued in the side of RSK, in an algorithm called "the bridge", you can retrieve your bitcoin through this bridge by the smart contract by the RSK side. For more info take a look on the technical documentation about RSK: https://developers.rsk.co/rsk/rbtc/conversion/networks/mainnet/

Just to clarify, the miners secure the chain via Bitcoin poW. There is no hardware module involved. Also, its much more than 40% of the miners. Right now, its between 60-70%.

Post
Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
EdanYago
on 08/09/2020, 15:41:50 UTC
On user interface, you can help out. We have a whole channel on our discord (dedicated to user testing and feedback). We are currently working on a new, improved UI and will be rolling that out soon.

As for fees, I expect they will be 2 orders of magnitude lower than current Ethereum fees.
Post
Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
EdanYago
on 08/09/2020, 06:28:23 UTC
Quote
Don't misunderstand me, reading your posts is like going back to the (merkle)roots, which is good. Grin

We need to get back to the original sense of innovation and adventure.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin dominance in the market reached its lowest level in a year
by
EdanYago
on 06/09/2020, 19:09:09 UTC
I think our measure for Bitcoin dominance needs to change, primarily due to two factors:
1. Stablecoins and other tokens representing real-world assets
2. "Equity tokens" that tokenise ownership in a company or DAO

In both cases, these are not attempting to compete with Bitcoin on being hard money at all, they are a totally different type of asset, and we should expect and even want them to grow. It is a sign of Bitcoin winning as it becomes the reserve currency for a crypto-based economy.

An exchange like Coinbase could choose to tokenise all their customers dollars and overnight completely change the size of their USDC "coin". The reality would be that nothing had changed.
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
EdanYago
on 06/09/2020, 16:08:14 UTC
Quote from: jbreher on Today at 05:51:47 AM
Quote from: SwayStar123 on September 04, 2020, 02:56:18 AM
Quote from: jbreher on August 30, 2020, 08:27:30 PM
Quote from: Gyrsur on August 30, 2020, 05:53:31 PM
Quote from: d_eddie on August 30, 2020, 05:31:48 PM
By the way, I managed to withdraw everything from Bitmex before going through the latest KYC/AML doorway. Anybody still keeping funds with them must complete identification before they can trade, deposit or withdraw.

same story with Bitstamp some time ago (don't remember which year it was). Bitstamp switched to KYC/AML.

Still looking for a DEX that allows trading pairs of BTC:USD, BCH:USD, and/or BSV:USD, and is actually... you know... decentralized. Suggestions?

a bit late but theres this new project that working on a bitcoin native (not on ethereum) decentralized exchange, your keys your coin and its gonna have leverage upto 20x, its pretty early in the stages tho

Weird. Last time I heard anything from Edan Yago, he was telling us at Bitcoin 2013 San Jose Conference about a micronation he was in negotiations with a host nation to allow within their borders. OK, not really a micronation, but an Economic Autonomous Zone. As history hath shewn, it never really came to pass.

Dude... you gotta check this out:
https://prospera.hn/

Real change takes time - it's not Sushi...
I'll take a look - thanks.
Post
Topic
Board Project Development
Re: Help improve the first Bitcoin-native Margin trading and Lending Dapp.
by
EdanYago
on 03/09/2020, 13:29:28 UTC
Thanks. We will look into that!
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Topic
Board Project Development
Merits 1 from 1 user
Topic OP
Help improve the first Bitcoin-native Margin trading and Lending Dapp.
by
EdanYago
on 02/09/2020, 11:12:58 UTC
⭐ Merited by SwayStar123 (1)
Hi all, we are working on Sovryn. It is a Bitcoin-native protocol for Spot trading, margin trading, lending and borrowing. It is designed to be non-custodial, no KYC and uncensorable.

We would really appreciate it if you went to the trouble of trying it out on testate and letting us know how we can improve the interface.

Thanks!

Link to the tutorial can be found here: https://medium.com/sovryn/how-to-test-sovryn-on-testnet-a1e41b11e128

The Sovryn feedback forum is here: https://discord.gg/KYccTSm
Post
Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
EdanYago
on 01/09/2020, 20:23:27 UTC
Quote from: sapta on August 31, 2020, 04:07:28 PM
Quote from: OroroMunroe on August 30, 2020, 02:14:17 PM
It wouldn't surprise me if, in the not too distant future, Bitcoin defi (or sovrynomics), will exceed that of Ethereum. Bitcoin "marketcap" is an order of magnitude greater than that of Ethereum. There is simply a much larger pool of funds that could flow into the decentralised Bitcoin economy once it get's going. The technology to allow this to happen is here. This is a big reason I am so excited to be working on Sovryn.

It's not only Sovryn. Bisq and Hodl Hodl are seeing big increases in volume and are perfect decentralised P2P gateways into crypto. Money On Chain have created the first Bitcoin-backed stablecoin, and I am sure there will be many others.

Decentralised services for Bitcoin are at the beginning of a renaissance and I think the whole space could change over the next year or two.

IF somehow Bitcoin can be superior to Ethereum in this new DeFi stuff, is there any way to make it easier? Because if I understand correctly, your average Joe won't be able to join the hype without understanding Ethereum in the first place. Easier thing brings more people, which is generally good for Bitcoin.

This is a great question. Sovryn is working on a number of innovation to make it much easier. We want to make it possible to use the system directly from any Bitcoin wallet, and no need to understand Metamask or anything like that.

We will start user testing pretty soon. Would be great to get your feedback on the system.
Post
Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
EdanYago
on 30/08/2020, 01:32:35 UTC
Can you explain to me how Avalanche will create use cases for Bitcoin? It's a different chain. How is it more connected to Bitcoin than the many other altcoin chains?
Post
Topic
Board Bitcoin Discussion
Re: New information from Satoshi?
by
EdanYago
on 29/08/2020, 23:07:25 UTC
This obsession with finding Satoshi is unbecoming. If we believe in privacy, we must extend that right to privacy to Satoshi.
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: A Sovereign Bitcoiner's Manifesto
by
EdanYago
on 29/08/2020, 16:28:25 UTC
⭐ Merited by Last of the V8s (1)
Quote
Regarding Bitcoin as a sovereign, I haven't heard this one before./quote]

The idea that Bitcoin is Sovereign is an old one, and should have more traction. One of the most AMAZING dramas in Bitcoin was around this. Mircea Popescu, one of the greatest Bitcoin trolls was running an exchange called MPEx. Erik Voorhees listed SatoshiDice shares on MPEx, and after a while the SEC came knocking. They emailed Mircea demanding information. The result was one of the most

Some of the gems from that conversation:
- SEC asks to speak on the phone, Mircea suggest #bitcoin-assets on Freenode instead.
- SEC asks for information again, Mircea politely requests they "sufficiently establish your authority to do so"first.
- SEC send him a formal letter, Mircea says he appreciates their efforts, but actually they need to prove that he or they have any authority over Bitcoin.

The whole thing ends with: "Bitcoin is a sovereign"
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Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
EdanYago
on 29/08/2020, 13:56:26 UTC
I lost access to my original BitcoinTalk user a long time ago, but I have created a new one for this. I have been corresponding with Ororo for a while now and have joined Team Sovryn. For years I have been wishing for, and sometimes working toward, having alternatives to exchanges that were almost as decentralised as Bitcoin itself. I simply loath to submit my Bitcoin to someone else's control and my views on the absolute idiocy of KYC are, I think, well known.

It's time for Bitcoin to have decentralised alternatives. I think the tech is finally here.
Post
Topic
Board Bitcoin Discussion
Test
by
EdanYago
on 26/07/2020, 18:04:02 UTC
ignore