A Venezuelan team is developing Locha, a decentralized mesh network that doesn’t rely on the internet to transact with Bitcoin (BTC). The system, based on radio waves, was born in response to frequent electricity and internet outages in Venezuela.

Locha Mesh is an open-source project led by Randy Brito, a member of the Bitcoin Venezuela organization.

To that end today we are sharing our best thinking based on what we’ve learned from our decentralized identity incubation, an effort which is aimed at enabling richer experiences, enhancing trust, and reducing friction, while empowering every person to own and control their Digital Identity.

1.Own and control your Identity. Today, users grant broad consent to countless apps and services for collection, use and retention beyond their control. With data breaches and identity theft becoming more sophisticated and frequent, users need a way to take ownership of their identity. After examining decentralized storage systems, consensus protocols, blockchains, and a variety of emerging standards we believe blockchain technology and protocols are well suited for enabling Decentralized IDs (DID).

2. Privacy by design, built in from the ground up.
Today, apps, services, and organizations deliver convenient, predictable, tailored experiences that depend on control of identity-bound data. We need a secure encrypted digital hub (ID Hubs) that can interact with user’s data while honoring user privacy and control.

3. Trust is earned by individuals, built by the community.
Traditional identity systems are mostly geared toward authentication and access management. A self-owned identity system adds a focus on authenticity and how community can establish trust. In a decentralized system trust is based on attestations: claims that other entities endorse – which helps prove facets of one’s identity.

4. Apps and services built with the user at the center.
Some of the most engaging apps and services today are ones that offer experiences personalized for their users by gaining access to their user’s Personally Identifiable Information (PII). DIDs and ID Hubs can enable developers to gain access to a more precise set of attestations while reducing legal and compliance risks by processing such information, instead of controlling it on behalf of the user.

5. Open, interoperable foundation.
To create a robust decentralized identity ecosystem that is accessible to all, it must be built on standard, open source technologies, protocols, and reference implementations. For the past year we have been participating in the Decentralized Identity Foundation (DIF) with individuals and organizations who are similarly motivated to take on this challenge. We are collaboratively developing the following key components:

* Decentralized Identifiers (DIDs) – a W3C spec that defines a common document format for describing the state of a Decentralized Identifier.
* Identity Hubs – an encrypted identity datastore that features message/intent relay, attestation handling, and identity-specific compute endpoints.
* Universal DID Resolver – a server that resolves DIDs across blockchains.
* Verifiable Credentials – a W3C spec that defines a document format for encoding DID-based attestations.  

6. Ready for world scale:
To support a vast world of users, organizations, and devices, the underlying technology must be capable of scale and performance on par with traditional systems. Some public blockchains (Bitcoin BTC, Ethereum, Litecoin, to name a select few) provide a solid foundation for rooting DIDs, recording DPKI operations, and anchoring attestations. While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases), this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale. To overcome these technical barriers, we are collaborating on decentralized Layer 2 protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system.

7. Accessible to everyone:
The blockchain ecosystem today is still mostly early adopters who are willing to spend time, effort, and energy managing keys and securing devices. This is not something we can expect mainstream people to deal with. We need to make key management challenges, such as recovery, rotation, and secure access, intuitive and fool-proof.

Right now the price is a bit overexcited and needs a cup of tea and a lie down.  Zat is all. 

139 G.Gain from disposition of virtual currency

(a)In general
Gross income of an individual shall not include gain, by reason of changes in exchange rates, from the disposition of virtual currency in a personal transaction (as such term is defined in section 988(e)). The preceding sentence shall not apply if the gain which would otherwise be recognized on the transaction exceeds $200.

(b)Virtual currency
For purposes of this section, the term virtual currency means a digital representation of value that is used as a medium of exchange and is not otherwise currency under section 988.

Jbear is a bored af boomer who has nothing better in his life other than trolling the fuck out of WO members.

Then stop working and check messages 

This medium article is crap.
Iy does explain how something happened, but not why this happened.
As it don't explain why it happened I don't know anything if it is going to happen again.
It's like driving on a mountain road and saying: mhh I had a 180 turn 4 km ago, and a 150 turn 2 km ago, so probably I am going to turn 120 degrees now.
(Yes, I like comparing AT to driving looking at the rearview mirror).

I prefer a sound model.
A sound model in my opinion is the S2M model (Stock To Flow Model: Modeling Bitcoin's Value with Scarcity) (warning Roachie triggered here)

A model tries to explain the reality, not only describe it.
Of course it is a model, and you have to take care: models abide to reality, not the other way round. So take care when trading on models.

The first Bitcoin Halving spurred 13,378% growth in Bitcoin’s price whereas the second Bitcoin Halving spurred a 12,160% rally.

A 12,160% rally from Bitcoin’s mid-December 2018 bear market bottom of $3,150 would result in a ~$385,000 Bitcoin.

By the same token a 13,378% rally would lead to a ~$425,000 Bitcoin.

A $385,000 Bitcoin is very interesting because that would mean that Bitcoin’s Market Cap (i.e. $189 billion as of this writing) will have eclipsed the current Market Cap of Gold (i.e. $7.8 trillion).

This occurrence would truly cement Bitcoin’s status as a “Digital Gold.”

Smells like a new ATH
 

$100,000.00 per BTC ?

Keep day dreaming, you need US for that to happen !

S2F - My body is ready for $100,000 per BTC.






What do you think guys, will we see $100,000 per BTC during this bull cycle, maybe 2021 or 2022?

I heard someone bought 1300 BTC SV on bittrex or something and ended up paying over $2000 for a single one. Stupid.