Let me guess, you want us to buy some FactomCoins or some type of tokens (other than Bitcoin) to make (you ritch), I mean make it all work? This all sounds REAL familiar....
Sure, absolutely.  There is no doubt that I would like to insure the development of Factom is funded, provides a reward to those that participate and contribute. And there is no doubt that we have constructed this project to insure we have funding to support the project. That includes making sure that nobody starves. But it is also true that the project, once launched has no inside track for anybody, including us. And it is also true that the Factoids, the token used in Factom, is designed such that it NEVER has to leave the protocol and the the servers it pays. That is because we created an architecture where servers can provide access for other pay (like cash or bitcoin) and return the Factoids they receive to the protocol. Protocol pays Servers Factoid. Servers use Factoids to create Entry Credits and assign the EC to users. Factoids are returned to the protocol. That's how Entry Credits are created. Users use Entry Credits to place Entries into Factom. That releases the Factoids back out of the Protocol to the Server. rinse and repeat. Note that nobody HAS to trade Factoids out of the system to make this work. There is no need for anyone to touch a Factoid to use Factom. And the servers get paid. But Factoids can be traded, so they will be. But the key is that they do not have to be. |
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No. We are not related to the API Network in any way. We received support from a number of folks from the Bitcoin community and the DApps Fund.
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See the AMA over on Reddit: http://www.reddit.com/search?q=factom&sort=newIf you don't have a Reddit account, we will watch this thread and answer questions in both places, no problem. Factom creates a distributed autonomous layer over Bitcoin to hold all the meta information many distributed applications need, but Bitcoin isn't well suited to hold. Unlike Counterparty, Colored Coins, MasterCoin, and other protocols that run on top of Bitcoin, Factom isn't aimed at managing transactions. Instead, it is about creating lists of entries that can be distributed via a DHT (torrent protocol) and a P2P network. Learn more by checking out our documentation: |
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Will be meeting today at Central Market on Lamar and 40th (The north store) in Austin Texas. If it is raining, we will meet indoors, or under the awning on the porch. (I guess we are making the unusual claim that we know to get out of the rain... ) |
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Ahh i wish i knew about this!
Today we had our first crypto-party at the SpaceLab, helping teach pgp encryption - and hopefully will snowball into other crypto-related things.
Are you aware of the San Marcos bitcoin meetup, and the San Antonio meetup? they combined groups and meet once a month in New Braunfels - perhaps we could go in the same direction and get a meetup going in Buda/kyle
would actually be pretty awesome if we could organize a circuit of meetups which goes between new braunfels, san marcos, and kyle to help better facilitate the San Antonio and Austin regions.
I would love to host the San Marcos round at the SpaceLab!
PM me, and I'd be happy to connect, and if there is anything we can do to help, we will. |
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We are not affiliated with Paul Snow's altcoin meetup in any way, nor his upcoming conference.
Well, we are primarily a Bitcoin meetup group, but the group isn't hostile to altcoins. Heck, some of my favorite people hold Dogecoin! The Austin Bitcoin Meetup groups are very active. I'd encourage everyone to find the group that meets their schedule and needs! |
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Look forward to seeing everyone tomorrow!
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We are having the meetup again tonight! (Oct 21, 2015)
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This is a general, open forum Bitcoin meeting. We are happy to discuss Bitcoin mining, alt-coin trading, economics, merchant/consumer adoption, Bitcoin wallets, "new to Bitcoin" topics, or anything else. We welcome those into Dogecoin, Litecoin, Mastercoin, Ripple, Counterparty, Factom, Storj, Swarm, trading, mining, start ups, Bitcoin Conferences, and more.Join us! You are welcome if you are a newbie, or a developer, or anything in between. In short: |
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The original multisig implementation put the signatures right there in the script. This makes the script bigger, and provides a way for "Bitcoin 2.0" schemes like Mastercoin and Colored Coin to use multisig to encode data into the blockchain. Some see the inclusion of data into the Bitcoin Blockchain as a significant problem. In this context, one solution proposed a few weeks ago is P2SH. P2SH does not include the multisig script when the transaction output is created, but instead a check sum for a script to be provided at "spend time". Now since the signatures are not right there in the script, Bitcoin 2.0 layers are denied this avenue for encoding information into the blockchain, yet when the Transaction output is spent, a proper multisig script can be provided by the transaction spending the output. This provided script must be validated by rules restricting its construction as well as by the check sum provided by the unspent output. Sounds grand, but I see a few issues with P2SH verification: - Now the destination of output can be obscured. A bogus signature can be included that is always unique (so while the script of multiple outputs is really the same script, they each have their own unique check sum). This allows the engineering of inputs are only individually spendable, as each input would have its own check sum (and thus cannot be combined). This could increase the size of the unspent database.
- Obscured destinations can break deterministic wallets. You need not only your private keys, but the actual scripts used on transactions payable to you so you can properly spend payments to you. Any change to the signatures required on transactions must be accounted for.
- Given the IRS rules, computing tax liability could be impossible, since a multisig transaction might easily be "spent" when the unspent transaction output was created, or "spent" when the transaction output was spent. IOW I can "toss" BTC into the air where multiple parties (possibly including myself) may or may not claim control of the output at some future time. All P2SH unspent transactions carry this uncertainty. As a user, you may not have any access to the actual script for a transaction to prove you literally spent your bitcoin on the date that the transaction output was created.
- Obscurity in the destination of a spend potentially breaks the ability to audit transactions. A user cannot prove they provided Bitcoin to a particular address which can be provably controlled by a particular party unless that party has chosen to spend that particular output, or provide to the sender a signed script for use in an audit.
If these issues have been discussed, a pointer to those discussions would be appreciated. |
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The Texas Bitcoin Conference on March 5-6 *This thing kicks off with a Bitcoin 2.0 Hackathon** with a Million Dollars worth of prizes and contracts. The prizes will all be in various cryptocurrencies, and most of the money will be awarded in contracts to produce new distributed autonomous applications in the real world. 30 straight hours of red bull enhanced progress The Conference itself has nearly 80 speakers***, with nearly all the biggest names in the space. Bitcoin as a Force for Good: A charity luncheon (separate ticket required) with all bitcoin going to Bitcoin accepting charities. A Bitcoin charity panel. And Jason King takes a pitstop from his Bitcoin Across America**** run from Miami to San Francisco to talk to the conference about the homeless. Last, the BitCoinCert*****, the first Bitcoin Only Concert. Great music, Bitcoin required. * http://TexasBitcoinConference** http://texasbitcoinconference.com/hackathon*** http://texasbitcoinconference.com/speakers**** https://www.youtube.com/watch?v=3Sz6C9u7LdY**** http://www.bitcoinacrossamerica.com***** http://www.bitcoincert.org/
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The Bitcoin and Cryptocurrency Meetup: http://www.meetup.com/BitcoinAustin/events/154862272/What: Bitcoin and Cryptocurrency Meetup Where: Scholz Garten, 1607 San Jacinto Blvd, Austin TX When: Sunday January 12 At about 7:15 we have a presentation, going over one or two things of interest in the Bitcoin world. Then an open mic where people doing Bitcoin projects or interested in a Bitcoin related opportunity get up and speak for 2 to 5 minutes each. We have a set of tables with big signs for topics like "Setting up a Wallet" or "New to Bitcoin". Furthermore different tables will center around different topics like Bitcoin mining or Bitcoin investment, or economics, etc. You can even find out how to accept Bitcoin using payment processors like BitPay that let you receive dollars for your Bitcoin payment at rates far below credit cards. |
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Hello Everybody, I will be organizing a Mastercoin meetup in Austin, Texas. Check out http://www.meetup.com/Mastercoin-Austin for more information. (Given the great interest in Mastercoin, the group has gathered 24 members within one day after it was announced by Meetup.com.) Good Luck! |
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Sunday January 12, 7:00 pm Why? Have some snacks, a drink, listen to a small presentation, plenty of conversation, make some contacts, and have a good time! For more information, go here: http://www.meetup.com/BitcoinAustin/events/154862262/Wow! Overstock.com makes 126K in one day from Bitcoin? And quite the news buzz, especially in the Bitcoin world! And Bitcoin is moving again, back in the 900's again, with China leading in volume and value. See: https://bitcoinaverage.com/#USD. If you are a merchant, the meetup is a great place to come and learn how to sign up. We regularly have a BitPay consultant who can answer your questions! We can talk about mining, funding a startup, or just setting up your first wallet! If you are a Bitcoin expert, just come for the connections and the discussion! Answer OUR questions! Join us! - What: Bitcoin and Cryptocurrency Meetup
- Where: Scholz Garten, 1607 San Jacinto Blvd, Austin TX
- When: Sunday January 12
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For the meeting on December 15
Several people are interested in seeing a little more "formal" meeting.
Lead group discussion, question / answer session, help getting started.
To that end, we're coming up with something like this...
We want to have THE best and most useful meetups possible!
7:00 - Meet & Greet - Mingle, order food/drinks, welcome new people
7:10 - Share - Give people a chance to talk 2-5 min on what they are
doing with bitcoin (biz, personal experience, success stories, job opportunities)
7:30 - Q&A - Group poses questions to be answered: What's so good about bitcoin? Where's it headed? Is it safe?
7:45 - Training - How to set up wallet. Where / How to convert dollars to bitcoin and back. Where to spend bitcoin. How to get your company to accepting bitcoin.
The plan is to start implementing this at our next meetup!
We would REALLY love any feedback, ideas the rest of the group has.
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Sunday MeetupMore information: http://www.meetup.com/BitcoinAustin/events/149607232/When: 7:00 pm Sunday December 15 (We meet every Sunday!) Where: Scholz Garten, 1607 San Jacinto Blvd. We have their large meeting room scheduled for the next couple of months! We will have some short presentations on Bitcoin and other related topics. If you are interested in presenting, email me ( snow.paul@gmail.com) Bitcoin is only getting more interesting!
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Tuesday Meetup More information: http://www.meetup.com/BitcoinAustin/events/149607232/When: 7:00 pm Tuesday November 26 Where: Scholz Garten, 1607 San Jacinto Blvd. Why? To learn about Bitcoin, educate others. Because you are a Liberal or Conservative, or Libertarian, or activist, or pacifist. An Economist who wants to learn more, or tell the rest of us why Bitcoin is bad. Be you technical developer hardware type, or completely non-technical. We are as friendly a group as you will meet, so come and make connections! Doesn't matter who you are, you are welcome! |
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Tuesday Meetup More information: http://www.meetup.com/BitcoinAustin/events/149026232/When: 7:00 pm Tuesday November 26 Where: Scholz Garten, 1607 San Jacinto Blvd. Why? To learn about Bitcoin, educate others. Because you are a Liberal or Conservative, or Libertarian, or activist, or pacifist. An Economist who wants to learn more, or tell the rest of us why Bitcoin is bad. Be you technical developer hardware type, or completely non-technical. We are as friendly a group as you will meet, so come and make connections! Doesn't matter who you are, you are welcome! |
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