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What you describe fits perfectly with this collusion https://craigwright.net/blog/law-regulation/the-property-flaw-of-lightning/
😲 Holy shit you are dropping a bomb here!
It's shocking how this whole industry is corrupted by the same companies that make banks and payment companies! Instead of adopting the technology they have infiltrated it to destroy it from the inside? And no one sees this at BTC supporters!!!
It's shocking how this whole industry is corrupted by the same companies that make banks and payment companies! Instead of adopting the technology they have infiltrated it to destroy it from the inside? And no one sees this at BTC supporters!!!
Quote
Remember: SegWit and the bitcoin transaction fee conspiracy theory
Bitcoin was supposed to make finance cheap and accessible.
But then in 2015 the network got jammed (mostly with spam, not real-world transactions) and transaction fees began to spike.
The mystery of who was spamming the network was never really solved. But the whole thing seemed calculated. Some believed it was initiated by powers who wanted to push bitcoin's scaling limitations to the forefront of developer agendas. But nobody could be sure.
Either way, fees kept soaring, peaking in 2017 at impractically high levels (who can justify paying for a coffee with bitcoin if the transaction fee is more than $10?). It was about this time the technology's champions began to change the rhetoric surrounding bitcoin's key selling point from that of a cheaper and more efficient payments system to dependable (albeit ironically erratic) store of value and unbeatable record-keeping system.
But then something changed. Fees began to fall:
https://archive.md/PS0cU/2f49d3c5f1674d0faca1f9137364234f81f561f4.png
Chart courtesy of bitinfocharts.com
Some attributed the 2018's dramatic decline in transaction fees to the growing adoption of the segregated witness (SegWit) fix, which was rolled out in mid-2017. As the Wiki notes, as of February 2018, over 30 per cent of bitcoin transactions were using the SegWit fix.
But the rollout didn't come without drama. The proposed fix ignited deep divisions in the developer and mining community between those who believed bitcoin's scaling issue should be resolved by increasing the permissible amount of transactions in bitcoin blocks, and those who believed alternative fixes like SegWit and the secondary layer solution it enables, the Lightning network (LN), were more efficient.
The spat eventually spawned an offshoot of bitcoin called bitcoin Cash. This differentiated itself from the core coin by remaining committed to bitcoin's role as a cheap and accessible medium of exchange.
But fees are creeping higher again . . .
https://archive.md/PS0cU/2f49d3c5f1674d0faca1f9137364234f81f561f4.png
Chart courtesy of bitinfocharts.com
Looking at historical data, it's hard not to conclude bitcoin transaction fees are just as much influenced by bitcoin prices as network traffic. Which makes sense. The two influence each other. But many wallet services also offer default fee settings in terms of satoshis (ie the micro units of bitcoin). As the price of bitcoin rises so too does the fee, unless it's adapted to a percentage rate of the transaction price by the user, creating a self-enforcing feedback loop.
https://archive.md/PS0cU/217562c90062d92bd72537b30493ef7735c27396.png
Chart courtesy of coinmarketcap.com
In that context, it's fair for us lay people to ask, what did SegWit really achieve aside from buying time before transaction fees began to explode further?
What is SegWit really?
One prominent critic of the SegWit and the associated Lightning network fix is Satoshi Nakamoto identity-claimant Craig Wright. He is currently chief scientist at nChain, a group which supports yet another version of a medium of exchange focused bitcoin, called bitcoin SV (for Satoshi Vision), which launched in November 2018.
He made some worthwhile points to Alphaville.
First, the real purpose of SegWit wasn't really to free-up block space to lower transaction fees but to enable the rollout of the Lightning Network. The impact SegWit had on freeing up capacity was simply a convenient byproduct.
What's Ligntning?
It's the system that attempts to solve the scaling limitation by diverting as many transactions off-chain as possible. It does this by establishing trusted bilateral channels of repeat custom, which are policed privately through bonded arrangements in code. In conventional finance terms, it's akin to a private bilateral netting system that only squares when it has to (notably, when imbalances or risks get too extended). It does this with underlying bitcoin collateral transfers. Traditional financial practitioners would probably describe it as another form of shadow money banking and shadow money creation: precisely the sort of thing bitcoin was supposed to put to an end.
If you think that sounds awfully like the conventional financial system before many of its worst practices were regulated out of existence post 2008, you'd be right.
As it stands, acting outside of new AML, KYC, risk and capital rules is becoming increasingly hard in the bitcoin ecosystem because key service providers — in a bid to popularise bitcoin for the masses in properly regulated jurisdictions — have had to align themselves with legacy regulations to avoid being shut down or penalised.
Lightning in effect introduces a regulatory workaround by reducing the amount of bitcoin entities need to process within these monitored systems. Under Lightning, the vast majority of transactions occur in private bilateral channels and are likely to be scrutinised by no one other than the parties concerned.
A key issue preventing Lightning's mass roll out, however, was the costly way it would have to deal with a well known bitcoin bug called malleability. SegWit was predominantly introduced to resolve this. As stated before, the fact it became associated with a block-size constraint solution was incidental.
But there's another dimension to the tale.
According to Wright, the Lightning system appeals to those who want to keep extracting value out of bitcoin without creating onchain logs, a practice which helps to obscure transactions and keep the system out of the regulatory net.
In so doing one of bitcoin's key attributes — its ability to deliver a permanent record of signatures which can't be tampered with — is compromised.
“Bitcoin is not anonymous and cannot be anonymous. There are people in Core who want to create a system that does not maintain logs. Hence SegWit,” Wright told Alphaville.
He added:
All that we can see happening is an alteration of the system to remove logs long-term. This increases the need for separate systems to record AML and KYC information which is contrary to the purpose of bitcoin. Isn't segregated witness simply a means of handing bitcoin off to the lightning network where logging is no longer required and users can engage in a system that only settles on bitcoin? Wouldn't such a system be exactly what criminal groups wanted?
Put this way, he has a point. Any dependence on a separate external system is tantamount to a trusted relationship, which defies the whole logic of arguing the world needs to turn to bitcoin because third parties are untrustworthy.
It's no coincidence Wright adds that Lightning started to be developed just after the Silk Road dark market arrests happened. It was then, possibly, that nefarious entities realised bitcoin — being an immutable evidence trail — could actually be used not just to facilitate criminality but to prevent it, upping the urgency for a workaround to be developed.
The mysterious network spamming that allowed such ethos-compromising proposals to be linked to scaling solutions, meanwhile, started about six months before the official Lightning white paper was released.
Bitcoin and Lightning technical communities would argue Lightning is just a more scalable protocol for instant retail payment, which would support more bitcoin use cases and adoption.
Nonetheless, isn't that a fun conspiracy theory?
Related links:
Why there is no such thing as a trustless financial system — FT Alphaville
BIS trolls bitcoin — FT Alphaville
The Fat Controller of the Lightning Network — Coppolacomment
source Izabella Kaminska https://archive.md/PS0cU#selection-533.0-851.17
Bitcoin was supposed to make finance cheap and accessible.
But then in 2015 the network got jammed (mostly with spam, not real-world transactions) and transaction fees began to spike.
The mystery of who was spamming the network was never really solved. But the whole thing seemed calculated. Some believed it was initiated by powers who wanted to push bitcoin's scaling limitations to the forefront of developer agendas. But nobody could be sure.
Either way, fees kept soaring, peaking in 2017 at impractically high levels (who can justify paying for a coffee with bitcoin if the transaction fee is more than $10?). It was about this time the technology's champions began to change the rhetoric surrounding bitcoin's key selling point from that of a cheaper and more efficient payments system to dependable (albeit ironically erratic) store of value and unbeatable record-keeping system.
But then something changed. Fees began to fall:
https://archive.md/PS0cU/2f49d3c5f1674d0faca1f9137364234f81f561f4.png
Chart courtesy of bitinfocharts.com
Some attributed the 2018's dramatic decline in transaction fees to the growing adoption of the segregated witness (SegWit) fix, which was rolled out in mid-2017. As the Wiki notes, as of February 2018, over 30 per cent of bitcoin transactions were using the SegWit fix.
But the rollout didn't come without drama. The proposed fix ignited deep divisions in the developer and mining community between those who believed bitcoin's scaling issue should be resolved by increasing the permissible amount of transactions in bitcoin blocks, and those who believed alternative fixes like SegWit and the secondary layer solution it enables, the Lightning network (LN), were more efficient.
The spat eventually spawned an offshoot of bitcoin called bitcoin Cash. This differentiated itself from the core coin by remaining committed to bitcoin's role as a cheap and accessible medium of exchange.
But fees are creeping higher again . . .
https://archive.md/PS0cU/2f49d3c5f1674d0faca1f9137364234f81f561f4.png
Chart courtesy of bitinfocharts.com
Looking at historical data, it's hard not to conclude bitcoin transaction fees are just as much influenced by bitcoin prices as network traffic. Which makes sense. The two influence each other. But many wallet services also offer default fee settings in terms of satoshis (ie the micro units of bitcoin). As the price of bitcoin rises so too does the fee, unless it's adapted to a percentage rate of the transaction price by the user, creating a self-enforcing feedback loop.
https://archive.md/PS0cU/217562c90062d92bd72537b30493ef7735c27396.png
Chart courtesy of coinmarketcap.com
In that context, it's fair for us lay people to ask, what did SegWit really achieve aside from buying time before transaction fees began to explode further?
What is SegWit really?
One prominent critic of the SegWit and the associated Lightning network fix is Satoshi Nakamoto identity-claimant Craig Wright. He is currently chief scientist at nChain, a group which supports yet another version of a medium of exchange focused bitcoin, called bitcoin SV (for Satoshi Vision), which launched in November 2018.
He made some worthwhile points to Alphaville.
First, the real purpose of SegWit wasn't really to free-up block space to lower transaction fees but to enable the rollout of the Lightning Network. The impact SegWit had on freeing up capacity was simply a convenient byproduct.
What's Ligntning?
It's the system that attempts to solve the scaling limitation by diverting as many transactions off-chain as possible. It does this by establishing trusted bilateral channels of repeat custom, which are policed privately through bonded arrangements in code. In conventional finance terms, it's akin to a private bilateral netting system that only squares when it has to (notably, when imbalances or risks get too extended). It does this with underlying bitcoin collateral transfers. Traditional financial practitioners would probably describe it as another form of shadow money banking and shadow money creation: precisely the sort of thing bitcoin was supposed to put to an end.
If you think that sounds awfully like the conventional financial system before many of its worst practices were regulated out of existence post 2008, you'd be right.
As it stands, acting outside of new AML, KYC, risk and capital rules is becoming increasingly hard in the bitcoin ecosystem because key service providers — in a bid to popularise bitcoin for the masses in properly regulated jurisdictions — have had to align themselves with legacy regulations to avoid being shut down or penalised.
Lightning in effect introduces a regulatory workaround by reducing the amount of bitcoin entities need to process within these monitored systems. Under Lightning, the vast majority of transactions occur in private bilateral channels and are likely to be scrutinised by no one other than the parties concerned.
A key issue preventing Lightning's mass roll out, however, was the costly way it would have to deal with a well known bitcoin bug called malleability. SegWit was predominantly introduced to resolve this. As stated before, the fact it became associated with a block-size constraint solution was incidental.
But there's another dimension to the tale.
According to Wright, the Lightning system appeals to those who want to keep extracting value out of bitcoin without creating onchain logs, a practice which helps to obscure transactions and keep the system out of the regulatory net.
In so doing one of bitcoin's key attributes — its ability to deliver a permanent record of signatures which can't be tampered with — is compromised.
“Bitcoin is not anonymous and cannot be anonymous. There are people in Core who want to create a system that does not maintain logs. Hence SegWit,” Wright told Alphaville.
He added:
All that we can see happening is an alteration of the system to remove logs long-term. This increases the need for separate systems to record AML and KYC information which is contrary to the purpose of bitcoin. Isn't segregated witness simply a means of handing bitcoin off to the lightning network where logging is no longer required and users can engage in a system that only settles on bitcoin? Wouldn't such a system be exactly what criminal groups wanted?
Put this way, he has a point. Any dependence on a separate external system is tantamount to a trusted relationship, which defies the whole logic of arguing the world needs to turn to bitcoin because third parties are untrustworthy.
It's no coincidence Wright adds that Lightning started to be developed just after the Silk Road dark market arrests happened. It was then, possibly, that nefarious entities realised bitcoin — being an immutable evidence trail — could actually be used not just to facilitate criminality but to prevent it, upping the urgency for a workaround to be developed.
The mysterious network spamming that allowed such ethos-compromising proposals to be linked to scaling solutions, meanwhile, started about six months before the official Lightning white paper was released.
Bitcoin and Lightning technical communities would argue Lightning is just a more scalable protocol for instant retail payment, which would support more bitcoin use cases and adoption.
Nonetheless, isn't that a fun conspiracy theory?
Related links:
Why there is no such thing as a trustless financial system — FT Alphaville
BIS trolls bitcoin — FT Alphaville
The Fat Controller of the Lightning Network — Coppolacomment
source Izabella Kaminska https://archive.md/PS0cU#selection-533.0-851.17
No need to Bitcoin SV.
It wont ever become anything close to Bitcoin
But keep raking in the BTC from the mining and trading while it lasts.
written by the guy who supports: Xolentum - LightBit - Litecash - ZUMY coins and other multitudes of scam projects, that's the credibility of your support history It wont ever become anything close to Bitcoin
But keep raking in the BTC from the mining and trading while it lasts.
i propose to you take your time, breathe, open your mind, discard what is narrow and make a real analysis by taking the time to find out what is already being produced in the Bitcoin SV ecosystem and what will come next. .......⭐ Merited by Bitcoin SV (1)
BSV is for losers.
You can see that BSV is an ecosystem that is constantly developing, the protocol is tailored to accommodate the mass of users from all over the world, the environment for developers is completely stable. Even if ETH or ETH2 would have to upgrade, it would necessarily require a total overhaul of their protocols, that said, BSV (nChain, CW...) have a multitude of technology patents to perhaps have a certain right of review and prevent a "new bullshit" or illegal from being created. The interest for real serious projects that want to expand technologically can largely come to migrate under the #BSV ecosystem. This will have the impact of reducing their operating costs, the ease of being able to extend developments, functionalities, apps, sidechain, oracle, iot, i.a. even infrastructure costs are drastically reduced. #BitcoinSV is terribly efficient.
Here is a website that lists useful applications, some of which allow to request crypto currency on a daily basis including BSV.
https://metastore.app/apps?sort=new
well it's very useful this good news
Quote
More fiat currency onramps for #BitcoinSV #BSV introduced at 11 new exchanges & wallets - thanks to
@SimplexCC
@BitAsset_
@BitBay
@CelsiusNetwork
@ChangeNOW_io
@Changelly_team
@CoinomiWallet
@DigiFinex
@EdgeWallet
@GuardaWallet
@OKEx
https://twitter.com/JimmyWinSV/status/1303693703794454528
@SimplexCC
@BitAsset_
@BitBay
@CelsiusNetwork
@ChangeNOW_io
@Changelly_team
@CoinomiWallet
@DigiFinex
@EdgeWallet
@GuardaWallet
@OKEx
https://twitter.com/JimmyWinSV/status/1303693703794454528
Quote
Financial services leaders to speak at CoinGeek Live 2020
Having taken place in Hong Kong, Toronto, Seoul and London, the CoinGeek train powers into New Yorks Manhattan Centre Studios for CoinGeek Live a hybrid virtual and live event on September 30 to October 2, 2020. As the Bitcoin SV blockchain has grown during 2020, now with over 420 known projects and services, it is no surprise to see major organisations taking an interest and also taking part.
The financial services industry is especially well-represented at CoinGeek Live 2020. The conference is pleased to announce its next raft of speakers featuring many leaders from the sector, including: Christopher Thomas, Head of Digital Assets, Swissquote banking group; Domenic Carosa, Founder & Non-Executive Chairman, Banxa, a fiat to digital currency gateway solution; Nick Jones, CEO & Co-Founder, Zumo, a digital currency wallet and payments platform; Jason Urban, CEO of Drawbridge Lending; Stephane Ouellette, CEO & Co-founder, FRNT Financial; Denis Vinokourov, Head of Research, Bequant; David Grider, Director & Lead Digital Asset Strategist, Fundstrat Global Advisors; and Luca von Wyttenbach, Institutional Services & Products for Bitcoin Suisse.
Like all other industries, the financial sector can leverage tremendous power from using BSV as a digital currency and its original Bitcoin protocol for data network infrastructure. Bitcoin SV application development has exploded globally to take advantage of BSVs greater data capacity and very low-fee, micropayment capabilities. This CoinGeek conference will be live streamed to offer everybody globally the chance to see how businesses are using those capabilities to innovate.
Founding President of the Bitcoin Association and MC of CoinGeek Live, Jimmy Nguyen, commented: Its time for Bitcoin technology to reach mainstream business. We are excited to have leading financial services executives at CoinGeek Live to share their thoughts on how to grow Bitcoin and blockchain adoption. If you are furthering your knowledge and want to learn why Bitcoin SV is the business and regulation friendly blockchain, come and join us virtually this time.
Coingeek Live is sponsored by The Bayesian Group, Bitcoin Association, the Cozen OConnor law firm, EHR Data, NB Domain, nChain, TAAL, Omniscape and more.
To be part of the CoinGeek Live virtual conference, please register here.
https://coingeekconference.6connex.eu/event/Live/register
Having taken place in Hong Kong, Toronto, Seoul and London, the CoinGeek train powers into New Yorks Manhattan Centre Studios for CoinGeek Live a hybrid virtual and live event on September 30 to October 2, 2020. As the Bitcoin SV blockchain has grown during 2020, now with over 420 known projects and services, it is no surprise to see major organisations taking an interest and also taking part.
The financial services industry is especially well-represented at CoinGeek Live 2020. The conference is pleased to announce its next raft of speakers featuring many leaders from the sector, including: Christopher Thomas, Head of Digital Assets, Swissquote banking group; Domenic Carosa, Founder & Non-Executive Chairman, Banxa, a fiat to digital currency gateway solution; Nick Jones, CEO & Co-Founder, Zumo, a digital currency wallet and payments platform; Jason Urban, CEO of Drawbridge Lending; Stephane Ouellette, CEO & Co-founder, FRNT Financial; Denis Vinokourov, Head of Research, Bequant; David Grider, Director & Lead Digital Asset Strategist, Fundstrat Global Advisors; and Luca von Wyttenbach, Institutional Services & Products for Bitcoin Suisse.
Like all other industries, the financial sector can leverage tremendous power from using BSV as a digital currency and its original Bitcoin protocol for data network infrastructure. Bitcoin SV application development has exploded globally to take advantage of BSVs greater data capacity and very low-fee, micropayment capabilities. This CoinGeek conference will be live streamed to offer everybody globally the chance to see how businesses are using those capabilities to innovate.
Founding President of the Bitcoin Association and MC of CoinGeek Live, Jimmy Nguyen, commented: Its time for Bitcoin technology to reach mainstream business. We are excited to have leading financial services executives at CoinGeek Live to share their thoughts on how to grow Bitcoin and blockchain adoption. If you are furthering your knowledge and want to learn why Bitcoin SV is the business and regulation friendly blockchain, come and join us virtually this time.
Coingeek Live is sponsored by The Bayesian Group, Bitcoin Association, the Cozen OConnor law firm, EHR Data, NB Domain, nChain, TAAL, Omniscape and more.
To be part of the CoinGeek Live virtual conference, please register here.
https://coingeekconference.6connex.eu/event/Live/register
ideal for keeping up to date with new developments and prospects in the decentralized economy. I am looking forward to following the event broadcast onlineHere is a website that lists useful applications, some of which allow to request crypto currency on a daily basis including BSV.
https://metastore.app/apps?sort=new
Re: [ANN][CRW] CROWN (MN-PoS) | Platform | NFT framework | Governance | Masternodes
Sorry i don't use twitter but @CrownPlatform i just registered #CompetitionEntry #NFT 0e974a5df827424c86771a5a8f9ad6863b07a942fc5156799689fae162b8d608
representing https://i.ibb.co/NZKZvCv/my-playlist-random-mode-recommended.png the $CRW Crown blockchain
https://monitor.crownplatform.com/index.php?p=competition
https://medium.com/crownplatform/lets-register-the-most-original-nft-on-the-crown-blockchain-e73581272fd5
i have used https://download.cnet.com/MD5-SHA-Checksum-Utility/3000-2092_4-10911445.html
Re: [ANN][CRW] CROWN (MN-PoS) | Platform | NFT framework | Governance | Masternodes
Sorry, but I'had mined somes crown since a long time ago..
Now you know Crown has come a very very long way since 2014 🔮🔮🔮🔮🔮🔮🔮
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Crown aims to provide a complete ecosystem including the ability to create blockchains, smart contract data, governance and scalable analysis for single- or multi-chain custom projects hosted directly within the Crown Platform's network. Crown Platform aims to provide scale benefits with low ecological impact because it is based on the MNPOS protocol, reducing operating costs and carbon footprint.
Crown Plateform offers specific research, development and production functionalities via NFTs. It aims to offer interoperability of concrete solutions and optimal security within its decentralized network. Users can create DApps, remote programs, various games and move towards a new form of non-fungible interactive chain marketing, laying the foundation for tracking and analyzing data in the global chain. Crown Platform aims to become the ideal multi-channel solution for real, daily, cheap and accessible use at any time.
This is now a time of great opportunity to harness the power of Crown to make the exploitation and use of your assets, any value of public data that is not fungible on an unchangeable Blockchain database at any time, accessible. Source from: https://coinmarketcap.com/currencies/crown/
Quote
https://thumbs.dreamstime.com/b/packaging-labels-bar-qr-codes-white-vector-stickers-code-identification-product-shop-scan-data-using-85125990.jpg
https://media.istockphoto.com/photos/airline-boarding-passes-collection-picture-id458977755
https://i.ytimg.com/vi/VUWsWpXvKho/maxresdefault.jpg
https://harveykalles.com/wp-content/uploads/2019/06/collection-mag-header-imager.jpg
https://sharpmagazine.com/wp-content/uploads/2017/11/art-collection-Feature-Image-1600x856.jpg
With the blockchain it is possible to collect unique digital assets, how does it work?
https://media.istockphoto.com/photos/airline-boarding-passes-collection-picture-id458977755
https://i.ytimg.com/vi/VUWsWpXvKho/maxresdefault.jpg
https://harveykalles.com/wp-content/uploads/2019/06/collection-mag-header-imager.jpg
https://sharpmagazine.com/wp-content/uploads/2017/11/art-collection-Feature-Image-1600x856.jpg
With the blockchain it is possible to collect unique digital assets, how does it work?
crypto-collectible
The blockchain technology has allowed the emergence of crypto currencies, these are digital assets carrying a value, they are identical, i.e. you cannot differentiate one Bitcoin from another, they all have the same characteristics. The blockchain has also made it possible to create unique digital assets to be collected, in English we speak of "collectible crypto".
The unique digital assets to be collected therefore have a certain value due to their rarity.
The blockchain secures the unique aspect of the asset, making it impossible to make a copy. The only way to obtain the collectible is to buy it from its owner or to exchange it for another collectible. This is, quite simply, the collector's item sector transposed into the digital world.
Is it possible to make money with these digital collectibles?
There are several types of collectible crypto, which have the characteristic of being rare, sometimes even legendary! They are often intimately linked to the game world.
Where do you store your collectibles?
You have to store them like crypto coins in a wallet. By using the blockchain technology and this standard, the tokens are indivisible and their uniqueness is guaranteed thanks to the blockchain.
Which games include collectibles on the blockchain?
The Ether Quest game is an RPG that allows you to lead unique soldiers to collect and train to win battles against other players. New soldiers are "released" through a mining process. A platform called "Mycryptons" allows you to collect cryptons that are representations of public figures from Donald Trump to Oprah Winfrey. One of the most famous token collection platforms is Cryptokitties, it made the "buzz" at the end of 2017 when crypto currencies had a high valuation. A cryptokittie is a kind of kitten to collect. One of these items was bought for $120,000! This game was then taken up by the detractors of crypto-currencies who explained that the majority of the transactions made on Ethereum were only used to run a kitten collector's game...
Today, the sports sector is developing many use cases around these digital collectibles.
With the aim of building fan loyalty around unique digital figurines featuring their favourite players! Teams from Dortmund, Benfica, Real Madrid and Arsenal are the first to test this new market.
Crown CRW is in the place to tokenize all material and immaterial goods and digitize their ownership property on the blockchain engraved in forgery-proof stone!
To come with Crown's "smart contracts", it is possible to unlock the transfer of "ownership" in a temporized and decided way (in a block) at a precise date (at a specific and decided time) as for an inheritance for example .
Quote
***thanks to Guillaume for his precious help
What is a non-fungible token (NFT) or non-fungible token?
While much of the market trade is done through tokens or cryptomoney, their uses are not always relevant. Indeed, if we go beyond monetary transactions, for some specific cases of exchange of unique goods or digital collectibles, we face a problem, it is for these transactions that non-fungible tokens can be useful.
To understand this, we must first ask ourselves the question of fungibility. A copy (or specimen) of a good is said to be fungible if it is interchangeable with another of the same quality and quantity, without distinction between the two. To illustrate the concept, two Bitcoins can be interchanged, even if they do not necessarily have the same transaction history. However, they are not, in theory, completely fungible, because of the history established for each. The most classic example of a fungible good is therefore coins or banknotes, which are fungible as long as the institutions that issued them allow them to exist.
An example of extreme fungibility is that of anonymous crypto-currencies, which do not have unique characteristics such as a serial number, for example.
Thus, a non-fungible token can be summarized as a token with unique characteristics, and whose value may be different from another. But it still has common attributes among all goods of the same type. The greatest examples of non-fungible goods are collectibles, such as trading cards or stamps. Indeed, while each collectible stamp belongs to the large set of "stamps", it also has unique characteristics that allow other subsets to be established and valued differently from other stamps. Similarly, non-fungible tokens may share some of their attributes with other tokens, but it is the set of the latter that makes it unique.
But then how does non-fungibility fit into cryptomoney? If we look at the different cryptocurrency and tokens in the ecosystem, we find a lot of fungibility. The units of bitcoins and ethers are all fungible - in principle - and the same goes for stablecoins.
For example: NFTs in video games.
The video game industry - or rather the niche of video games that are meant to be decentralized - quickly understood the interest of these unique tokens. Indeed, these tokens can easily represent many objects that are currently traded in existing video games. And that doesn't necessarily represent in-game purchases against virtual and worthless currencies, but also in hard currency. Using NFTs for these various in-game items would give players real ownership over them.
Let's transpose this hypothesis to one of the video games of the moment: Fortnite. This free game finances its development through its in-game shop that allows players to buy various digital items for their characters against V-bucks, the game's virtual currency. The use of non-fungible in-app or in-game digital tokens could, according to some, allow to modify the dynamics of secondary markets in these digital worlds.
These avenues are being explored by Ubisoft in particular, even if we will have to wait for the time being to see the first practical applications in the daily lives of gamers.
* It should be remembered that in this case, the global market is expected to generate more than 165 billion euros in 2019.
Let's take the example of Gods Unchained, which is a virtual card game based on the NFT. Players therefore obtain real digital ownership of the cards they have bought, which they can freely use in the game, sell or trade as they wish.
or CryptoKitties CryptoKitties is the first video game using NFTs to have contributed to the democratization of this unique token system. It was at the end of 2017 during the general enthusiasm for cryptomoney that CryptoKitties received a great success from the community. The concept is quite simple since it consists in the deployment of NFTs representing cats and their unique characteristics through a "DNA" then coded in Solidity. These cats can breed with each other and thus give birth to new cats with unique characteristics.
The value of one of these cats depends on various factors mainly related to its rarity. The generation of that cat can be a factor, knowing that there are only 50,000 cats of generation 0, and that the generation of a cat depends on those of its parents. But there are also rarer types of cats, and characteristics that are more sought after than others. The value of a particular cat depends completely on supply and demand. Purchases are made in the form of auctions.
Note that, in physical collecting contexts, some contractors or artists are considering co-integrations linking real-life physical collectibles and their property rights modelled by such tokens. This is, for example, the case of Pascal Boyart, who tokenizes some of his frescoes and then puts them up for auction in a more or less fractional form.
What future for non-fungible tokens?
The concept of NFTs gave birth to "theory" a few years ago but now, in 2020, these last technologies are still very young. But the ecosystem is continuously developing. So we can expect developments in the coming months. First of all technical, could for example allow to bring new ways of interaction between fungible and non-fungible tokens, or even to constitute NFTs encapsulating other NFTs.
The Crown NFTs solution open up a field of unlimited possibilities by giving a real property of belonging to the latter. Applicable to all sectors, Banking, Real Estate, Health, Agricultural, Identity, Presidential Voting, Insurance, Communication, Energy, Art, Consumer Goods, IoT Internet of Things, Programming modules, Depth Learning, Artificial Intelligence, Video Games and other many domains.
Crown is positioned in these totally innovative ways. That's why I suggest you get on board, communicate about Crown and share, because a lot of positive things are going to happen with Crown CRW (Roadmap), just think about it
Crown is on a concrete step towards Web 3.0 and CRW to its own development code open to all.
What is a non-fungible token (NFT) or non-fungible token?
While much of the market trade is done through tokens or cryptomoney, their uses are not always relevant. Indeed, if we go beyond monetary transactions, for some specific cases of exchange of unique goods or digital collectibles, we face a problem, it is for these transactions that non-fungible tokens can be useful.
To understand this, we must first ask ourselves the question of fungibility. A copy (or specimen) of a good is said to be fungible if it is interchangeable with another of the same quality and quantity, without distinction between the two. To illustrate the concept, two Bitcoins can be interchanged, even if they do not necessarily have the same transaction history. However, they are not, in theory, completely fungible, because of the history established for each. The most classic example of a fungible good is therefore coins or banknotes, which are fungible as long as the institutions that issued them allow them to exist.
An example of extreme fungibility is that of anonymous crypto-currencies, which do not have unique characteristics such as a serial number, for example.
Thus, a non-fungible token can be summarized as a token with unique characteristics, and whose value may be different from another. But it still has common attributes among all goods of the same type. The greatest examples of non-fungible goods are collectibles, such as trading cards or stamps. Indeed, while each collectible stamp belongs to the large set of "stamps", it also has unique characteristics that allow other subsets to be established and valued differently from other stamps. Similarly, non-fungible tokens may share some of their attributes with other tokens, but it is the set of the latter that makes it unique.
But then how does non-fungibility fit into cryptomoney? If we look at the different cryptocurrency and tokens in the ecosystem, we find a lot of fungibility. The units of bitcoins and ethers are all fungible - in principle - and the same goes for stablecoins.
For example: NFTs in video games.
The video game industry - or rather the niche of video games that are meant to be decentralized - quickly understood the interest of these unique tokens. Indeed, these tokens can easily represent many objects that are currently traded in existing video games. And that doesn't necessarily represent in-game purchases against virtual and worthless currencies, but also in hard currency. Using NFTs for these various in-game items would give players real ownership over them.
Let's transpose this hypothesis to one of the video games of the moment: Fortnite. This free game finances its development through its in-game shop that allows players to buy various digital items for their characters against V-bucks, the game's virtual currency. The use of non-fungible in-app or in-game digital tokens could, according to some, allow to modify the dynamics of secondary markets in these digital worlds.
These avenues are being explored by Ubisoft in particular, even if we will have to wait for the time being to see the first practical applications in the daily lives of gamers.
* It should be remembered that in this case, the global market is expected to generate more than 165 billion euros in 2019.
Let's take the example of Gods Unchained, which is a virtual card game based on the NFT. Players therefore obtain real digital ownership of the cards they have bought, which they can freely use in the game, sell or trade as they wish.
or CryptoKitties CryptoKitties is the first video game using NFTs to have contributed to the democratization of this unique token system. It was at the end of 2017 during the general enthusiasm for cryptomoney that CryptoKitties received a great success from the community. The concept is quite simple since it consists in the deployment of NFTs representing cats and their unique characteristics through a "DNA" then coded in Solidity. These cats can breed with each other and thus give birth to new cats with unique characteristics.
The value of one of these cats depends on various factors mainly related to its rarity. The generation of that cat can be a factor, knowing that there are only 50,000 cats of generation 0, and that the generation of a cat depends on those of its parents. But there are also rarer types of cats, and characteristics that are more sought after than others. The value of a particular cat depends completely on supply and demand. Purchases are made in the form of auctions.
Note that, in physical collecting contexts, some contractors or artists are considering co-integrations linking real-life physical collectibles and their property rights modelled by such tokens. This is, for example, the case of Pascal Boyart, who tokenizes some of his frescoes and then puts them up for auction in a more or less fractional form.
What future for non-fungible tokens?
The concept of NFTs gave birth to "theory" a few years ago but now, in 2020, these last technologies are still very young. But the ecosystem is continuously developing. So we can expect developments in the coming months. First of all technical, could for example allow to bring new ways of interaction between fungible and non-fungible tokens, or even to constitute NFTs encapsulating other NFTs.
The Crown NFTs solution open up a field of unlimited possibilities by giving a real property of belonging to the latter. Applicable to all sectors, Banking, Real Estate, Health, Agricultural, Identity, Presidential Voting, Insurance, Communication, Energy, Art, Consumer Goods, IoT Internet of Things, Programming modules, Depth Learning, Artificial Intelligence, Video Games and other many domains.
Crown is positioned in these totally innovative ways. That's why I suggest you get on board, communicate about Crown and share, because a lot of positive things are going to happen with Crown CRW (Roadmap), just think about it
Crown is on a concrete step towards Web 3.0 and CRW to its own development code open to all.
Learn more and get on board
https://www.crownplatform.com/ --- https://crowncentral.net/ ---
Hello what are the technical specifications of Crown environment? Where can I find them?
On this road https://docs.google.com/document/d/1WE9ikiSieQvyiM0iSY7hJh1h6HXIdQZJFD9jkJPW6dc/edit crown-core
and CRW source code on https://gitlab.crownplatform.com/crown/crown-core
Other: https://medium.com/crownplatform
Speak with Team in live at https://discordapp.com/invite/rB3Kr86
Since 2014, Crown Platform has evolved to provide optimal security and specific features to move to a new form of interactive channel marketing, including the ability to create:
- Non-Fungible Tokens (NFTs) is a special type of cryptographic token that represents something unique; therefore, non-fungible tokens are not interchangeable.
- Applications (DApps ), control programs for the Internet of Things. Programming modules for in-depth learning and Artificial Intelligence.
- Decentralised interoperable Blockchains within the CRW network.
- News forms of marketing and web 3.0
CROWN website: https://www.crownplatform.com/
CROWN CENTRAL: https://crowncentral.net/
https://discordapp.com/invite/rB3Kr86
https://twitter.com/crownplatform
https://www.facebook.com/crownplatform
https://www.instagram.com/crownplatform/
https://www.youtube.com/channel/UCCKAgkSSOI-fIqcAEHR1rXw
https://www.linkedin.com/company/crown-platform/
https://t.me/crownplatform
CROWN source code on https://gitlab.crownplatform.com/crown/crown-core
Speak with Team in live at https://discordapp.com/invite/rB3Kr86
CROWN BITCOINTALK https://bitcointalk.org/index.php?topic=815487.0
CROWN MEDIUM https://medium.com/crownplatform
CROWN REDDIT https://www.reddit.com/r/Crown/
CROWN History: https://www.crownplatform.com/about/#history
Team & Contributors: https://www.crownplatform.com/about/#team
Explorer: https://chainz.cryptoid.info/crw/
CROWN NFT DOC - NFT Framework Simple assets registration on the blockchain. The NFT (non-fungible tokens) framework is a registry subsystem which enables the community to register physical or digital assets on the Crown blockchain.https://docs.google.com/document/d/1WE9ikiSieQvyiM0iSY7hJh1h6HXIdQZJFD9jkJPW6dc
CROWN NFT Framework Paper: https://medium.com/crownplatform/crown-platform-nft-framework-18d88f9db76
Crown Paper 1.0 - Governance
In this paper, the Crown team provides a brief background on the platform, introduces its governance concepts, and outlines how the project will interact with both the technology and the community. https://crownplatform.com/wp-content/uploads/2018/04/CRW1.0-Governance.pdf
Crown Paper 1.1 - Identity In this paper, Crown defines its concept of identity and explores the key driver behind the platform’s development and success. https://crownplatform.com/wp-content/uploads/2018/04/CRW1.1-Identity.pdf
Crown Paper 2.0 - Introduction & Features
In this paper, the Crown team introduces the core entities that will form the platform, and the design principles it will use alongside the development process.
https://crownplatform.com/wp-content/uploads/2018/04/CRW2.0-Introduction-Features.pdf
Crown Paper 3.0 - Applications
In this paper, Crown’s team describes its vision of how applications will fit into the platform, and how the platform will allow those applications to operate as business entities. https://crownplatform.com/wp-content/uploads/2018/04/CRW3.0-Applications.pdf
Crown Paper 4.0 - Combinations & Permutations
In this paper, the Crown team explains what makes the project unique, detailing some of the proposed use models for its platform. https://crownplatform.com/wp-content/uploads/2018/04/CRW4.0-Combinations.pdf
Crown Paper 5.0 - Symbols, Skyhooks & Survival
In this paper, the Crown team discusses the power and significance of symbols, revealing the meaning behind its namesake headdress. https://crownplatform.com/wp-content/uploads/2018/04/CRW5.0-Symbols.pdf
Crown Paper 6.0 - Sharing & Open Teams
In this paper, Crown contextualizes the relationship between economic, social and technological change, delving into how these connections influence blockchain technology and Crown’s future goals. https://crownplatform.com/wp-content/uploads/2018/04/CRW6.0-Team.pdf
Crown Paper 7.0 - A Personal Story
In this paper, one of Crown’s team members describes why he became involved with the platform. https://crownplatform.com/wp-content/uploads/2018/04/CRW7.0-Stories.pdf
Crown Paper 8.0 - Crown Atomic Features
In this paper, the Crown team discusses three development proposals for the community at large to consider and vote on. https://crownplatform.com/wp-content/uploads/2018/04/CRW8.0-Atomic.pdf
STYLING GUIDE
http://nextcloud.crownplatform.com/nextcloud/s/QapQ3eB2TFokCeQ
Contact: https://www.crownplatform.com/contact-us/
FILIP MAJOR FOUNDER OF CROWNCOIN (PRECURSOR TO CROWNPLATFORM)
https://cz.linkedin.com/in/filip-major-7937b868
JAN BRODY FOUNDER OF CROWNCOIN (PRECURSOR TO CROWNPLATFORM)
New account: https://medium.com/@janbrody
PAUL JENKINSON INFRASTRUCTURE ENGINEER
https://twitter.com/DevPJ
CROWN CENTRALE https://twitter.com/CrownPlatform
EDWARD MORRA CROWN SYSTEM ADMINISTRATOR
https://twitter.com/EdwardMorra_CRW
CAL NAUGHTON JR CROWN Platform Business Development
https://twitter.com/NaughtonJnr
ARTEM BRAZHNIKOV CROWN TECH LEAD
https://www.linkedin.com/in/artembrazhnikov/
https://twitter.com/dev_artem
ASHOT KHACHATRYAN CROWN C++ DEVELOPER
https://www.linkedin.com/in/ashkhachatryan/
https://twitter.com/ashkhachatryanh
Aitor Ibañez CROWN C++ JavaScript developer & frontend & smartContracts
https://twitter.com/aitoribanez_
CHRIS KIBBLE CROWN PR & MARKETING
https://www.linkedin.com/in/chris-kibble-test-manager/
https://twitter.com/Chr1s_K1
MATT BLACK CROWN webdeveloper
https://twitter.com/the_mattblack
OLYA SUHOVIRSKAYA CROWN SOCMA
https://www.linkedin.com/in/olya-suhovirskaya-1b363215b/
DAN JAMES CROWN STRATEGY ADVISOR
https://www.linkedin.com/in/amesdaniel/
DAVE MIDNIGHT CROWN engineer
https://twitter.com/crowntechltd
INIGO VAN DIJK WEB DEVELOPMENT
https://twitter.com/CrownInUa
And others CROWN contributors at: https://discordapp.com/invite/rB3Kr86
Very interesting dear. I'm wondering how for example your CRW token that does the NFT can be useful?
Re: [ANN][BOUNTY][AIRDROP]⚡️ Electronero ⚡️ ASIC Resistant Electroneum HardFork
WARNING
For information, guys calling "Evans Mark" or "shopglobal" or "interchained" will try to register their parts
ELECTRONERO "ETNX"
ELECTRONERO PULSE "ETNXP"
ELECTRONERO CLASSIC "ETNXC"
ELECTRONERO LITE "LTNC"
ELECTRONERO GOLD "EXGD"
(and other multiple fork).
Currently active on the TradOgre exchanger through bots to artificially inflate the price of its Coins.
Several members of the Blockchain community have filed legally admissible complaints against this individual who swindled several people with his Ponzi schemes.
Lawsuits are ongoing in the USA in Great Britain, France, Germany and South East Asia, particularly in Australia.
It appears that it is already operating from South America according to the current investigation.
Thank you for keeping it that way.
I'm here too with my action, here's my complaint here in the United Kingdom
https://ibb.co/KNR2SW2
https://ibb.co/KNR2SW2">
https://i.ibb.co/KNR2SW2/action-fraud.jpg" alt="action-fraud" border="0">
https://i.ibb.co/KNR2SW2/action-fraud.jpg
https://ibb.co/KNR2SW2
https://ibb.co/KNR2SW2">
https://i.ibb.co/KNR2SW2/action-fraud.jpg
This is mine official complain from the United States !
https://i.goopics.net/pLLLl.jpg
[/quote]
!WARNING!
They intensivate mining on this coin.
As well as block reward has been multiplied x2.
This project is run by criminals.
They intensivate mining on this coin.
As well as block reward has been multiplied x2.
This project is run by criminals.
VERY BIG BIG SCAM !!!!!!
even GOD can stop this scammer....
even GOD can stop this scammer....
Thank you for warning me, now I know I won't put anything in there
Re: [ANN][CRW] CROWN (MN-PoS) | Platform | NFT framework | Governance | Masternodes
Crown development meeting minutes 30/03/2020
Just the facts, ma’am
Present: artem, Crownfan, crowncoin-knight, pjcltd, walkjivefly
NFTs are unusable in mainnet due to a configuration issue. Artem has created a v0.14.0.1 patch which is undergoing testing. We hope that this will result in a non-mandatory update in the near future.
Ashot missed the meeting but sent a short report: he has fixed the sync issue and is working on masternode/systemnode sync issues. He made three commits in Gitlab since the last meeting. He hasn’t completed the chainwalker update because of the mainnet NFT problem.
NFT testnet is stalled and out of commission until it is rewound to a recent snapshot or issue 335 is resolved.
About 82% of the network updated to the Emerald version before old nodes were disconnected.
Once NFTs are fully operational the bootstrap creation and use will have to include a snapshot of the platform folder.
translation of your plan and possible frauds:
CRW protocol 57v13 migrates 80% to protocol 58v14.
keeps 20% of 57v13 which continues on its own channel extracting all the blocks (hidden for the public).
Pretext 58v14 has a problem and must become 58v14.1.
but 58v14.1 is actually 57v13 (which has undermined all the blocks in your bag) just update and rename to 58v14.1.
> reintegration
> Spends blocks extracted on the sly.
> CRW dump price because you drop your bags
and it says pigeon on our foreheads. Let's hear it for your nuclear suppository. That's why your project isn't working. It's about ethics and honesty. It's been used for over 6 years now on various projects that always end badly.
Name of this operation is KinderFuckMe*
Attack 51 on BSV and double expenses?
Quote
Bitcoin Satoshi Vision (BSV), has been hit by a serious attack, currently casting doubt among its community, as well as the crypto community at large, about the reliability of the asset.
An unknown entity holds majority control of the Bitcoin SV network.
THE BSV NETWORK CAN BE REWRITTEN BY AN UNKNOWN POOL THAT CURRENTLY HOLDS MOST OF THE NETWORK'S HASH POWER.
A mining pool, the origin of which is currently unknown, has acquired the majority of its hash power. What is worse is that the pool's control over the network appears to be increasing. The co-indance data show that in about ten days, the hash power of the pool has increased from 675 PH / st to 1535 PH/s.
The person(s) behind the pool can make unwanted changes to the network if they wish.
Currently at $218.96, BSV is the sixth largest numerical asset in terms of market capitalization, with a valuation of $3.09 billion. However, it is one of the most controversial assets in the market. BSV was long touted by founder Craig Wright as the original Bitcoin plan. But the fact that this happened is certainly bad for the community.
Craig Wright is also the most controversial figure in crypto. He has repeatedly claimed that he was the real Satoshi Nakamoto, the founder of Bitcoin, and has gone so far as to take legal action against anyone who disagrees.
At the end of February, Binance's CEO Changpeng Zhao expressed his views on Wright and BSV. According to Zhao, Wright is a fraud and anyone who invests in BSV will regret it. Binance wrote off BSV in April 2019.
is on https://kryptomoney.com/unknown-entity-holds-majority-control-of-bitcoin-sv-network/
An unknown entity holds majority control of the Bitcoin SV network.
THE BSV NETWORK CAN BE REWRITTEN BY AN UNKNOWN POOL THAT CURRENTLY HOLDS MOST OF THE NETWORK'S HASH POWER.
A mining pool, the origin of which is currently unknown, has acquired the majority of its hash power. What is worse is that the pool's control over the network appears to be increasing. The co-indance data show that in about ten days, the hash power of the pool has increased from 675 PH / st to 1535 PH/s.
The person(s) behind the pool can make unwanted changes to the network if they wish.
Currently at $218.96, BSV is the sixth largest numerical asset in terms of market capitalization, with a valuation of $3.09 billion. However, it is one of the most controversial assets in the market. BSV was long touted by founder Craig Wright as the original Bitcoin plan. But the fact that this happened is certainly bad for the community.
Craig Wright is also the most controversial figure in crypto. He has repeatedly claimed that he was the real Satoshi Nakamoto, the founder of Bitcoin, and has gone so far as to take legal action against anyone who disagrees.
At the end of February, Binance's CEO Changpeng Zhao expressed his views on Wright and BSV. According to Zhao, Wright is a fraud and anyone who invests in BSV will regret it. Binance wrote off BSV in April 2019.
is on https://kryptomoney.com/unknown-entity-holds-majority-control-of-bitcoin-sv-network/