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Just read a PR about StarChain. And super excited to see a blockchain project to have a clear business model, finally! it's said their ico is currently not available to the USA, but still, finally to have a project that actually has sth to do with common ppl, with our real life.
I only read the PR, haven't checked their website. but it seems they are an entertainment com. in shenzhen, and the token will be used for fans to invest idols they like. for example, if Lady gaga is to shot a new movie, and u think it will be a hit, so you can invest STC in it. and if later the movie is indeed a hit, you can share the profit. OR if you have a great idea, but have no money, ppl can use STC to invest you, and help you become a celebrity, a director, blah, blah.
Not sure if the gov. will allow them to do so, glad to see token be used in real life.
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Since the current industry is dominated by centralized mining giants, simple users don't have any say in proposal changes. but what if we have a new mechanism called POP, proof of participance. As long as u donate your time, or computing, or mining hashrate, u can get rewarded. Just let we users instead of solely miners or developers decide and participate
Nobody is staying infront of you if you want to develop this new concept. There are other concepts except PoW, thing that holds with bitcoin now is that it is one of the most recognizable crypto and most trusted. Because with current hash rate it has held the bitcoin a good security and we simply know it can't be manipulated. Although we have centralization with miners and pools if you can call it that. You could try to develop this, although I will be skeptic to follow you on this path. Show me wrong if you thing you idea is revolutionary. What you are suggesting could be abused, with increase amounts of IOT devices you could potentially buy tons of them to try to "mine" and get participant reward or you could go and HACK as many devices as you can, which some people do nowadays to mine coins. So instead of IOT, I'd go for Fog of internet. Unlike IoT devices, devices operating on the chain are distributed and cannot be identified, just like a foggy network. the network provides computational power to process data and can be analogized to GPU in an ordinary computer. |
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Not bad idea, but how to verify that someone is use/donate their time, computing power or mining hashrate while without makes nodes work too hard which could risk decentralization. Furthermore, how would the reward is calculated based on users time? If you simply want to stop mining centralization, you could propose to change bitcoin mining algorithm with other algorithm which only can be mined with CPU/GPU (whether it has GPU advantage or not) which can reduce mining centralization. That is an interesting concept you came up with and I actually enjoy it and think it should be implemented. As far as I know there is something called Proof of Activity and Decred implements that on their blockchain but it isn't well recognized or it hasn't caught on yet. It seemingly is a similar thing to yours but I prefer POP over POA anyday  . Proof of Activity only combine Proof of Work (PoW) and Proof of Stake (PoS) which won't solve the problem OP mentioned if bitcoin still use algorithm which can be mined with ASIC. so u mean if I want to implement this POP thing, the only option is to create a new coin??? |
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在网上查了一番，感觉站台的背景都不错。但是该项目怎么上交易所后横盘了呢？ 我看白皮书提出的POP机制，按照用户的参与程度进行奖励，挺符合市场运营规律的，感觉可以同POW机制较量一下，让普通用户参与到社区发展中来。 就是不知道这项目发起人靠谱不？会不会跑路？ http://www.canonchain.com/zh-CN |
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Since the current industry is dominated by centralized mining giants, simple users don't have any say in proposal changes. but what if we have a new mechanism called POP, proof of participance. As long as u donate your time, or computing, or mining hashrate, u can get rewarded. Just let we users instead of solely miners or developers decide and participate. I'm thinking if there are ways that ppl can get reward when they only have a mobile phone, when they live in remote areas that have little resources or slow,unstable internet connection.
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https://imgur.com/a/Bzoeyit went from top 60 to top 45 and even 43 over the weekend. It even beats dogecoin. the lead developer says it's because the integration with Ledger.
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"When we were trying to activate SegWit on our network, I was renting some percent of the network hashrate to get the extra few % over the 75% threshold. But then, someone was bidding against me with uncapped bids to the point that they were spending >30 BTC per day on hashrate just to stop Segwit activation. The bidder would buy any amount of hashrate to keep it below 75%, which caused a big spike in April. So clearly someone had an interest in stopping altcoins from activating SegWit too. Assuming it was one of Jihan‘s cronies or something." https://imgur.com/a/30ogz " says today the lead developer of VTC. With BTC/LTC, all of the fees and rewards go to Jihan Wu. No matter what you think of him, that sounds a lot like the current system with Goldman and JP Morgan to me! |
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A growing number of Bitcoin miners are flogging their mining rigs on the second-hand trading platform Xianyu of Alibaba Groups after China’s ruling on ICOs and exchanges. And owners are selling them at ridiculously low price. On the website of Cybtc.com, the price of a second hand Antminer goes from 2300 rmb to 13000 rmb. Though Caixin reported last Sunday that the mysterious “close-to regulator” revealed that no plans are made to ban bitcoin mining, Chinese miners are concerned that regulations about banning mining farms might be imposed during the 19th NPC. And an insider revealed that Bitmain is transferring their mining services into overseas market as a way to react to regulation uncertainties. http://news.8btc.com/chinese-bitcoin-miners-sell-used-mining-rigs-on-second-hand-markets |
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Bitcoin Gold (BTG), another forked coin bearing the Bitcoin name is set to take place on October 25. Is it a good thing for the already divided Bitcoin family to have a new member? In this series, Jack Liao, CEO of Hong Kong mining firm LightningAsic talks about how they want to protect Bitcoin by competing with Bitcoin Cash (BCH in short) and increase mining decentralization. "Adam says that he’d rather support BTG than Bitcoin2X. Some independent third-party agencies created polls and results showed that BTG gets more support than BCH and Bitcoin2X. Bitcoiners discuss BTG on Reddit and slack groups and realize that the roadmap of BTG is feasible and good for the community. As time goes on, we will be able to gain more attention." http://news.8btc.com/jack-liao-the-person-behind-bitcoin-gold-aims-to-compete-with-bitcoin-cash |
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Cheng Li, CTO of Ant Financial offered a public enunciation of the company’s technological strategy “BASIC” for the first time at the Computing Conference 2017 on October 11. The acronym BASIC represents for Blockchain, Artificial Intelligence, Security, Internet of Things and Cloud Computing. “The Five technological fields lay a groundwork for Alipay to achieve a series of technical breakthroughs in the payment industry: secured transactions, quick payment, mobile payment, buy now and pay later, brush face payment，” says Cheng. http://news.8btc.com/cto-of-ant-financial-cheng-li-discloses-companys-technological-strategy-basic-for-the-future |
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There have been conspiracy theories suggest that the Chinese government attempts to nationalize the bitcoin ecosystem after China’s ban on ICOs and crypto services. But no evidence has shown that the PBOC or other supervisory authorities are working to monopolize the bitcoin world as they have generally done in other sectors. However, this National Holiday witnessed the born and spread of rumors indicating that the watchdog is taking actions to manipulate the market. On October 8, two official WeChat accounts posted pictures claiming that Binance released the latest version of the app for iOS with the ID of Ping An Bank Co., Ltd., which caused a huge buzz on Chinese social media. Facing the barrage of doubts, He Yi, CMO of Binance, replied on Weibo that it has become so cheap to start a rumor and they only worked with one of Ping An’s subsidiaries. But the post has been deleted now. http://news.8btc.com/is-china-secretly-nationalizing-the-bitcoin-industry |
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“ @all The group is now supervised. Please be careful with your words. Don’t talk about bitcoin or any policies in the group. I don’t want to be arrested for what you say here.” “ @moderator, give us a hongbao (red envelope), and we will be good.” After everyone gets a hongbao “Long live the Party! Always follow the Party!” “Enough is enough, let’s go create a new group on telegram.” “I can’t access Telegram. My VPN doesn’t work!” “Long live the Party! Follow the Party!” http://news.8btc.com/things-change-people-change |
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As cryptocurrency exchanges seem to remain closed in a prolonged period, both token holders and service providers are looking for over-the-counter options. Some innovative cryptocurrency holders trade on Xianyu, a second-hand trading platform of Alibaba. And Internet platforms and ICO projects are creating Telegram groups in efforts of escaping supervision. But for those who are more sensitive, they choose to keep a low profile and refuse to do any trades now. Zhao Dong, or Zhao Letian, is a well-known bitcoin OTC trader in the Chinese community. He posted on Sept 26 that: “To avoid unnecessary troubles, I will stop trading BTC with anyone through any domestic social media channels such as WeChat, QQ and Weibo. If you want to trade with me, please cross the Great Firewall.” there are an increasing number of photoshopped pictures spreading rumors that Zhao and Li Xiaolai would be arrested. Some newly-registered Weibo accounts insist that these two persons are restrained from leaving China. http://news.8btc.com/bitcoin-middleman-wanna-trade-with-me-please-cross-the-great-firewall |
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An insider reveals that no plan so far to ban bitcoin mining. But he adds that there will be some restraints on capital flows for bitcoiners to trade on overseas exchanges. he adds that Shanghai regulatory agencies have asked politely that executives of exchanges and ICO platforms to stay in place as a way of making sure the closure and refund is processed smoothly. So do those in Beijing. Li Lin, president of Huobi and Justin Pan, COO of OKCoin were supposed to have a speech at Bitcoin: Shape the Future held in Hong Kong last weekend. But they didn’t show up and their speeches were cancelled.
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On Sept 22, vice president of the PBOC Yi Gang noted on Financial Inclusion Summit that “The licensing scheme is applicable to all financial activities.” Bitcoiners post his words here and there and interpret that bitcoin exchanges are able to operate with a special licence.
But a famous financial commentator Xiao Lei holds a different opinion on it.
“At the moment, I don’t think the Chinese government will offer a new licence to bitcoin exchanges. In the Chinese financial markets, only Alipay and several other third-party payment platforms hold an operator’s licence.”
As tough regulations are imposed on bitcoin exchanges, the community are concerned that closing bitcoin mining farms or OTC trading will be regulators’ next move.
In this regard, an insider reveals that no plan so far to ban bitcoin mining. But he adds that there will be some restraints on capital flows for bitcoiners to trade on overseas exchanges.
Now Shanghai regulatory agencies have asked politely that executives of exchanges and ICO platforms to stay in place as a way of making sure the closure and refund is processed smoothly.
http[Suspicious link removed]cutives-are-asked-to-stay-in-place
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ICO investors are visiting Metaverse this week to ask for their money back. Some investors from Wuhan come to Metaverse and claim on social websites that founder of Metaverse Chu Xiahu (real name is Gu Ying) has disappeared and they are considering to call the police. But some lawyers say though the company is registered in Switzerland, it operates in China. As such, if they are suspected of violating Chinese laws, they shall comply with Chinese legal regulations. http://news.8btc.com/metaverse-investors-are-gathering-in-shanghai-and-asking-for-a-refund |
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"And I don’t want to hurt the feelings of Chinese people, but they love gambling! I see them in Las Vegas, I see them in every casinos, they love gambling! But they fail to realize that investing in ICOs are by its nature gambling. About 75% of ICO projects will go to zero. It’s understandable that the Chinese government wants to ban ICOs. It’s getting too overwhelmed and the government likes taking their time." "The reason I am investing in blockchain startups is that I want to build a parallel system with capital market, payment means and etc in two or three years. As such, when the current financial system crashed, we still have another system at play. My concern is that the current system will crash before the new one gets built." http://news.8btc.com/overstock-ceo-patrick-byrne-talks-about-the-blockchain-technology-and-chinas-ban-on-icos |
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Beijing Special Leading Office had a meeting with owners of local cryptocurrency exchanges including OkCoin and Huobi on Sept 15. The Special Office was set up ad hoc last year to manage and control Internet financial risks. Followed by the meeting, Beijing regulatory authorities issued a document requiring cryptocurrency exchanges registered in Beijing to announce by the end of day on September 15 that no new account registration is allowed and set a deadline past which all trading will cease. http://news.8btc.com/beijing-cryptocurrency-exchanges-must-release-a-notice-stopping-trading-services-on-sept-15 |
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BTCChina announced tonight that they will stop all trading on Sept. 30, 2017 and Dragon TV aired that all domestic exchanges will be shut down. After carefully considering the “Seven Regulatory Bodies’ Announcement on Preventing Risks Associated With Token Fundraising,” BTCChina has decided to: 1. Immediately stop accepting new account registrations on BTCChina Exchange. 2. Stop all trading on BTCChina Exchange on Saturday, September 30th. We apologize for the inconvenience. Please note that BTCChina Pool is not affected; customers will still be able to use our mining pool services. http://news.8btc.com/there-is-no-legal-basis-for-platforms-which-engage-in-the-trading-of-various-forms-of-virtual-currencies |
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