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The " Ebola" situation in Africa is the result of the 13 inbred European Bloodlines house training their inbred children & grandchildren to continue their evil satanic legacy. Without their legacy, the Luciferian elders of the 13 inbred European Bloodlines might as well line up in a single line to jump off a bridge, a cliff, a building, ect.. to commit suicide because they don't have a purpose for their existence. They only have one purpose for their existence and that is to properly house train their inbred children & grandchildren to continue their evil legacy. It's never about the money, they've captured the printer that print money. It's always about the legacy. Money is just a distraction. Their low level family members are the ones about the money. Realistically, a scam should only last for one life time. Their scams against humanity were able to last for centuries because they've been breeding and house training their evil children & grandchildren to continue their evil legacy. http://www.youtube.com/watch?v=YuSuitzp1kIUniversity Professor Says Ebola is a Genetically Modified, Lab-Made Virus http://www.infowars.com/university-professor-says-ebola-is-a-genetically-modified-lab-made-virus/------------------------- These are the family 'last names' of 13 inbred terrorist European Bloodlines: (Throughout history, the 13 inbred terrorist European Bloodlines do not honor or value their last name. They might have changed their last names a few times to hide their identities and true evil agendas. They can only be track down through DNA and big wealth). Rothschild (Bauer or Bower) - https://en.wikipedia.org/wiki/Rothschild_familyCavendish (Kennedy) - https://en.wikipedia.org/wiki/House_of_Cavendish De Medici - https://en.wikipedia.org/?title=House_of_Medici Hanover - https://en.wikipedia.org/?title=Hanover Hapsburg - https://en.wikipedia.org/wiki/House_of_Habsburg Krupp - https://en.wikipedia.org/?title=Krupp Plantagenet - https://en.wikipedia.org/?title=House_of_Plantagenet Rockefeller - https://en.wikipedia.org/wiki/Rockefeller_family Romanov - https://en.wikipedia.org/wiki/House_of_Romanov Sinclair (St. Clair) Warburg (del Banco) - https://en.wikipedia.org/wiki/Warburg_family Windsor (Saxe-Coburg-Gothe) - https://en.wikipedia.org/wiki/House_of_Windsor-------------------------- Related article: Prince Harry is a 'jackal' killing innocents http://www.telegraph.co.uk/news/worldnews/asia/afghanistan/9774538/Prince-Harry-is-a-jackal-killing-innocents-says-feared-Afghanistan-warlord.html13 inbred Luciferian European Bloodlines feeding people insects and mealworms https://bitcointalk.org/index.php?topic=612142Ongoing Civil War in America (Full Coverage) https://bitcointalk.org/index.php?topic=179616.0In order for the 13 terrorist European Bloodlines to better house train their inbred grandchildren & children to become luciferians, they've created a TV show called "Golan the insatiable". It's a TV show about a big fat naked evil man wearing nothing but a thong to house train a little girl to become his minion. http://www.[Suspicious link removed]/watch/568835#i0,p0,s1,d0 This TV show is currently being broadcast nationwide all over the USA on FOX channel. ---------------------------------- The Mark of the BeastWhen I was about 18 years old, I have a vision of how the Elders of the 13 inbred European Bloodlines (Devil worshipers cult) will indoctrinate you into their evil cult. They will replace a percentage of your blood type with similar blood type from one of their evil inbred children. This indoctrination process is how they will welcome you in as one of their biological family member. They've illustrated this to you through 'vampires' movies. In movies, in order for you to become a vampire, a vampire must feed you their blood. Remember, they are into perversion. One of their perversion is the twisted version of the Bible where as the Elders of the 13 inbred European Bloodlines become the symbol of God, and once you receive the blood transfusion you will become one of their inbred children (The blood must come from one of their evil inbred children that have committed mass murders). Hence the terms 'Brothers & Sisters' from the Bible. Naturally, all of their evil inbred children are born with the mark of the beast. - Low Rank member: They will drain about 10% of your blood, and replace it with about 10% blood from their evil inbred children. Of course, it must be same blood type as yours. You will also receive money support from them, it is unknown how much money you will receive.
Middle Rank member will receive about 20% to 30% blood transfusion. You will also receive money support from them, it is unknown how much money you will receive.
High Rank member will receive about 50% to 60% of the blood transfusion. You will also receive money support from them, it is unknown how much money you will receive.
Once you receive the blood transfusion it cannot be flush out, the blood will bind into all of your organs, eyes, heart, and brain, ect... Your children will be born with the mark of the beast.
https://www.youtube.com/watch?v=SiytkX0MiFIhttps://www.youtube.com/watch?v=Qb6Ckv44dSkThe Trigger: If they get drunk on alcohol or high on drugs, they will turn and always submit to EVIL. Woke brother Truong has 1000 merit, meanwhile I get NO love from the moderators. We Bitconspiracy Talk now? Ey, the Queen Mum's a reptilian! No one saw them Canadian native kids after she took them on that camping trip! Can I post my project now, moderators? It's gonna have immutable proof of all the royal inbred vampire children's identities and who they gave Ebola to. |
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Semantics might help here. Forget Supreme Being - what about Supreme Intelligence? Do you believe each of our brains represents the pinnacle of universal intelligence?
I am not sure what the difference is between supreme being and supreme intelligence. Does supreme intelligence have self-awareness? The difference is in freeing you from having to think of God as an anthropomorphic entity, while acknowledging that an individual's brain is not the highest order of intelligence, but more likely a small part of universal awareness. Then the "self" part of "self-awareness" becomes moot. |
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Semantics might help here. Forget Supreme Being - what about Supreme Intelligence? Do you believe each of our brains represents the pinnacle of universal intelligence?
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As cavalier as it may sound, no. Any kind of SEC-like governing body set up to ostensibly protect investors from scammy ICOs would throw a wrench into what digital securities can accomplish in terms of leveling the investment playing field. I have faith that investors can learn not to throw their money at unsavory ICOs, and that blockchain tech (specifically smart contracts) can evolve to help safeguard the investment process.
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Forgive the noob question, but isn't Bytecode Virtual Machine the most efficient way to process transactions? This is from my CTO's mouth...
And how would i know about "Bytecode Virtual Machine/BVM" (since you're talking about technology for altcoin while this is Bitcoin Development & Technical Discussion section) ? Why don't you share the whitepaper/technical article of this "Bytecode Virtual Machine" since just say "it's the most efficient way to process transactions" doesn't prove anything. Frankly i don't believe it as Bitcoin transaction is very simple and use ECDSA which have fast verification speed, unless this BVM uses cryptography signature which have faster verification time than ECDSA. Bitcoin also use merkle tree for it's block structure which is pretty fast Forgive me, didn't realize I was overstepping the boundaries of the thread so egregiously. Apparently Bytecode Virtual Machine are what ETH and EOS have achieved, if I may mention their names in this sacrosanct space, so no whitepaper. Thanks though. |
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A certain disillusionment is affecting the crypto-active markets, while Bitcoin prices are flirting dangerously around $4,000. Since the record set in December 2017, its value has fallen by 78%, causing the American economist Nouriel Roubini, Bitcoin's well-known opponent, to say that "the mother of all bubbles has now burst". To say that he is going through a difficult period is a euphemism: it is no secret that a crypto winter has been installed. Nevertheless, Bitcoin's history has shown that every time he was promised death, it emerged stronger.
In traditional finance, a crash is generally defined as a fall of at least 10% in a single session. For Bitcoin, the volatility is such that it is not interesting to count them as it is customary to observe such variations.It is preferable to focus on correction periods, named after these more or less sudden downward movements, stopping a general upward trend, affecting assets that are probably overvalued. They may lack fundamental reasons or simply obey a profit-taking by investors. Here are all those that have exceeded 30%.
The worst correction observed occurred between November 2013 and January 2015, causing Bitcoin to lose 87% of its value in 411 days. This collapse is similar to the one currently underway, but 2014 was also marked by the bankruptcy of MtGox, at the time the world's leading trading platform (nearly 80% of flows). Many users had lost access to their Bitcoins, throwing a great wave of pessimism into the area. Nothing to do with 2018, as favorable news from Wall Street is accumulating.
The question now is how far will the 2018 correction go? Can it go to zero?
In the case of a company, even if it is bankrupt, the value of its walls or machinery prevents it from reaching this threshold. For Bitcoin, you have to ask yourself what its core value is. What value can this have in Europe? Almost nothing, given that our banking system works relatively well. But the question must be asked differently in other parts of the world, such as Venezuela, where Bitcoin is increasingly being used to escape hyperinflation in the bolivar (the IMF expects +1,000,000% over the year). In Caracas, it is perceived as a store of value and a way out of an authoritarian state.
Bitcoin's weakness lies in the effectiveness of its protocol, which allows you to send value online without the need of a trusted third party. The level of his course is ultimately of enormous importance.
Hear hear! But don't get too complacent about Europe and your banking system - they keep the QE going and sooner than later you'll be reevaluating Bitcoin's core value for Europe. |
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I barely understand your paper, but my thoughts are :
1. As aliashraf mentioned, merkle tree already very efficient. Besides, how about transaction verification by SPV wallet? from what i understand, SPV wallet need to get whole block to verify the transaction.
1. I don't see much advantage points of adding Bounce since it's value can be generated/modified with no cost.
2. While this idea could reduce "wasted" electricity since PoW based on winner-takes-all, total electricity used for mining is still same.
3. In part 5, it mentions that "and when there is no transaction in transactions pool, the system code could generate a rescue transaction for a new block and miners could still compete". I see there's conflict possibility due to transaction propagation, few nodes might generate rescue transaction just before receive a transaction.
Forgive the noob question, but isn't Bytecode Virtual Machine the most efficient way to process transactions? This is from my CTO's mouth... |
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We see it every time Bitcoin goes to a new lower level.
Bitcoin "believers" will hurry to say "buy the dip" and "just wait it will come back"
Reality is that every dip is a new lower level - and after that comes another dip...and another.
In the beginning of 2017 very few people had Bitcoin - and therefore the price could quickly move up as a large number of people with zero financial understanding started buying Bitcoin.
Now a large number of people with zero understanding has Bitcoin and price moves down - there are no more new fools to get into Bitcoin to ever pump it again.
"Buy the dip" is something only fools believe - and as can be seen in here there are unfortunately many fools in here who do not understand that their money is already lost
Maybe it's a bit harsh to call people who buy the dip "fools" - emotions make fools of us all. But as far as it being a crap tactic - the pros agree, it's better to buy into a trend than to try to time the bottom. |
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Technology Implementation
The BAC Platform will increase the scalability and processing speed of its main net through side chains, written in its proprietary bună language. DApp development on the BAC Platform is intended to be as simple as creating traditional web applications, and as similar, in order to help companies reduce blockchain adaption costs, and increase productivity. The system of the BAC Platform itself is also a completely open, decentralized application with a built-in token named BAC. BAC is designed to interact with other DApps seamlessly, allowing for conversion to ETH and BTC, then conversion back to BAC through secondary smart contracts and/or logic.
2.1 A New Consensus Algorithm - DPoW
With a firm grounding in the common characteristics of algorithms such as POW, DPOS, RAFT, and PAXOS, the BAC team has developed the world’s first true Delegated Proof of Work algorithm – initialized as “DPoW”.
All those who would obtain BAC mining status will have to rst obtain mining quali cations through the purchase of BAC, as part of a voluntary registration process. Thereafter, a miner will have either “follower”, “candidate”, or “leader” status.
The leader is the decision maker, setting the task and di culty of the hash via MQTT protocol, and con rming the hash. Followers will recognize the leader via “heartbeat” information sent out every five (5) seconds. Once the block has been created, however, a timeout will occur, turning all active, or “awake” followers into candidates for leadership in creating the subsequent block.
The timeout will trigger a request for votes from awake candidates, who will vote automatically and at random for a new leader. That candidate who receives 51% of the votes automatically becomes the next leader, deciding task and di culty value of the hash for the next block. Once decided, the leader becomes an ordinary miner, until it is time to con rm the new block’s hash. The confirmation is broadcast via MQTT protocol, so that other miners may make a secondary confirmation, further to which the block is updated, and the cycle begins again.
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Nasdaq in the process of launching Bitcoin futures products and surveillance software to detect market manipulation is a good indicator that some fairly deep pockets place stock in BTC.
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1.3 Advantages of BAC
1.3.1 Strong Privacy
Currently, many blockchain projects are neither as secure nor as decentralized as claimed. If decentralization were achieved through public ledger entries and transparency, some of those claims would directly result in privacy issues. Therefore, anonymity must be implemented, in order to mask the number of node connections. This way, an attacker cannot interpose between the users and the system. The BAC Platform achieves this anonymity through the use of independently developed confusion mechanisms to select master nodes randomly for user transactions, and then the subsequent use of these nodes as payment gateways, in order to ultimately con rm these transactions. As a result, the next node has no way to recognize the real identity of users. Such technology will ensure that the transactions are private, and not compromised by interconnectivity.
1.3.2 High Availability
A blockchain application platform for enterprises should satisfy the usage requirements of millions of users. In order to achieve this, the underlying blockchain platform must meet the needs of users on a large scale. In the rst stage of implementation for the BAC Platform, through reasonable optimization of the communication protocol and the consensus mechanism, the BAC Platform is expected to achieve 1,500 TPS, thereby achieving the ability to satisfy the application scenarios of most enterprise-level products.
1.3.3 Flexible Development
BAC has pioneered the bună language for rapid DApp development. Similar to the Express framework development of Node.js, application developers can use bună to build their applications. Compared to C++ and Stacked Script, as well as Ethereum’s Solidity, JavaScript is much more popular, has a wider user base, and is more user-friendly. Therefore, with its similarity to JS, bună will o er the same advantages, making the BAC Platform more accessible to developers than any other blockchain.
The BAC platform also provides command-line interface tools, so that application developers can input conguration parameters when prompted, in order to rapidly set up a side chain for the main net. Numerous blockchain applications can be developed on the side chain. After development, the DApp should be submitted to GitHub, and registered in the BAC Web Wallet or Light Wallet to accomplish its deployment, after which the DApp will be shown in the application store of the BAC Platform for users to download and use. Developers can arbitrarily design any parameters of side chains, such as the generating rate of blocks, transaction modes, transaction fees, even the implementation of a brand-new consensus mechanism.
1.3.4 Switching the Consensus Protocol
For a distributed ledger system, what matters most is consistency – that is, after conducting a series of operations on a particular set of server nodes, every server node must reach a consensus on the processed result, according to the safeguards of a certain protocol. This protocol is also called a consensus algorithm.
Di erent distributed systems have emphasised the usage of di erent consensus algorithms - one algorithm is designed to not deal with Byzantine Fault Tolerance, which boasts better algorithm performance, but lower fault tolerance, as found in projects such as Paxos and Raft. Another is designed for resolving the Byzantine Fault Tolerance problem, and has better fault tolerance, but slower performance as a result. This includes consensus algorithms such as Proof of Work (POW), Proof of Stake (POS), Delegated Proof of Stake (DPOS), Practical Byzantine Fault Tolerance (PBFT), etc. Devoted to forging a public blockchain with a wider range of applications, the BAC team has developed a new consensus algorithm with high performance which allows developers to select a consensus algorithm according to their requirements and application scenarios. For example, if developers hope to build a consortium blockchain through the BAC Platform, PBFT would be a good choice; on the contrary, if they hope to set up a public blockchain, POS or DPOS would be more favourable. In summary, developers are free to use either the revolutionary DPoW consensus algorithm developed by the BAC team (detailed below in section 2.1), or others, as they see t – another testament to the BAC Platform commitment to flexibility and efficiency.
1.3.5 Regulatability
With the rapid development of the blockchain industry and the increasing number of product innovations, it has become a signi cant challenge for regulators of all countries to e ciently determine the legal nature of new nancial products and businesses appearing daily.
To address this issue, a supervising function operates in the underlying structure of the BAC Platform. In the event of abnormalities in on-chain packaging or transaction data, this function can rapidly assist the protocol of the BAC Platform, detecting and processing errors in user nodes on the platform according to grading records. Meanwhile, institutions and organisations concerned with data transaction can explore business modes, product processes, data analysis, legal relations, and risk attributes of projects on the BAC Platform. This will empower decisions on whether to bring projects into supervision, clarifying the license type that should be applied to them. Such clarity will help instate applicable regulations, to ensure that uni ed standards can be employed for businesses of the same scope, in order to establish uni ed compliance and safeguard fair competition.
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We are a Singapore-based project, with resources in Hong Kong. Looking forward to sharing our development with the Bitcointalk.org community.
BAC intends to be the Business Application Chain, making it easy for global enterprises to unlock value creation with blockchain tech.
BAC & The New Paradigm for Business Value Creation
What is your gut reaction to the fact that 3 of the world’s top 5 financial centers are in East Asia? That they are trending upwards, while historic leaders London and New York are trending down?
Feelings of rivalry are understandable but misguided. Firstly, global finance both transcends and shapes national policies, although local media may distract us from this reality. Secondly, blockchain’s promise is pendant on decentralized, borderless growth and adoption.
Of course, geographic/cultural considerations have and will continue to define blockchain development. At the same time, it is necessary to evolve from the current Web 2.0 paradigm, in which Silicon Valley monopolizes tech innovation, to the primary advantage of insiders, leaving the vast majority of organizations and enterprises playing catch-up.
Instead, what is now both possible and necessary for global business is much more intimate, collaborative, and scalable cooperation between tech and enterprise.
Hence the mission of BAC – the Business Application Chain- to create blockchain-powered apps enabling the global realization of blockchain’s business advantages: time/cost savings, transparency, security, and most importantly, trust.
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