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finom.io
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January 19, 2018, 04:27:01 PM |
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Blockchain Versus Corruption The blockchain centre Distributed Lab plans to enable a ring signature algorithm to anonymize witnesses of acts of corruption. This mechanism will allow witnesses to anonymously prove their affiliation with an organization and provide evidence, revealing their identity only for a specific group of observers. As noted by the company, witnesses of illegal agreements often fail to report crimes because they are afraid of the irreversible damage doing so could have on their careers. Unfortunately, an anonymous claim cannot become part of a pool of evidence. Moreover, there's no guarantee that there isn't a single person making claims under the guise of various witnesses. "This solution is a veritable prototype of how to increase transparency in public sector and government organ administration," notes Distributed Lab's CEO. "At present, testing of this approach in a business environment seems much more realistic than implementing it in the state sector. On the other hand, the corporate sector will receive a great many advantages in resolving its current task of increasing transparency in administration and accounting." A ring signature will allow witnesses to reveal their identity only to selected individuals - law enforcement agents, journalists and auditors - while personally controlling the degree of anonymity. The company feels that such an anticorruption mechanism can be used as a superstructure over an organization's existing infrastructure, making it possible to efficiently fight against any abuse of power on site. #finom_news  |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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finom.io
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January 22, 2018, 10:41:37 AM |
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Alpha Version of Blockchain Service for Making Hotel Reservations Launched At present the service provides access to 600 hotels, but by the end of February that number should increase to approximately 100,000. "Booking.com and Airbnb take about 20% of the cost of a room for using their platform," says Nikola Aleksandrov, CEO of LockChain.co. "Our plan is to eliminate any additional fees with the aid of a blockchain. The owners will be able to receive the full sum from their investment, while their guests, naturally, will be able to pay the owners directly." LockChain is the first company to propose a blockchain-based solution for the hospitality industry, the overall cost of which is currently priced at approximately $500 billion. The platform's alpha version also provides a personal wallet, multicurrency support and a dynamic search tool for apps. #finom_news  |
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finom.io
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January 22, 2018, 01:33:09 PM |
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Art and Blockchain: Rare Pepe Sold at Auction for $38500 On 13 January, an exhibition was held in a small space on 23rd Street in Manhattan for digital art fans and meme enthusiasts. There, attendees participated in an auction of images of Pepe the Frog, a meme that has recently been spread via blockchain. The auction was significant in that the depictions of Pepe were bought and sold along with tokens, with ownership tracked on a blockchain. Every image is tied to a unique digital token that proves its authenticity. In 2016 developer Joe Looney created Rare Pepe Wallet, which is the main platform for buying and selling this meme, The bidding started with a set of three Rare Pepes, one of which pays homage to Salvador Dali's The Persistence of Memory, but with melting frogs instead of clocks. The set was sold for 12,000 units of Pepe Cash, the platform's main asset, of which there are 700 million; at the time this was equal to approximately $720. The most expensive piece, Homer Pepe, sold for $38,500. The New York art community reacted positively to this convergence of art, blockchain and memes. In the future, the organizers plan to carry out events not just for those attending the exhibition, but for art lovers online as well. It's worth mentioning that the first cryptocurrency meme, Dogecoin, recently reached a capitalization of $2 billion, something that worries its creator, Jackson Palmer. #finom_news  |
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finom.io
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January 22, 2018, 03:32:35 PM |
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Today's quote of the day by Al Gore, 45th Vice President of the United States #finom_quote  |
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finom.io
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January 22, 2018, 04:37:45 PM |
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Bitcoin Misconception: No Inflation Vladimir FinomJanuary 22, 2018 There's a popular opinion in the Bitcoin community that the world’s first cryptocurrency has no inflation (as if that were something good). Where does Bitcoin come from? It’s mined by thousands of rigs all over the world. And that’s inflation right there. At this time, there's nearly 17 million BTC in circulation (although around 4 million of this amount has been lost, which has a serious effect on the exchange rate), and mining produces 12.5 new BTC nearly every 10 minutes. That’s a total of 1,800 a day or 657,000 a year, which means an inflation of around 4% right there, whereas most western countries have an inflation of around 2%. These simple calculations prove that Bitcoin has inflation and it's rather remarkable that so few people have noticed. #finom_opinion  |
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finom.io
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January 23, 2018, 12:49:08 PM |
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Canada to Use the Ethereum Blockchain to Track Grant Money The Canadian government has launched a trial project aimed at researching how blockchain technology might enhance transparency for data on government contracts, grants and payments. The National Research Council (NRC) is using the Catena Blockchain Suite, which is built on the Ethereum blockchain. When the NRC creates a grant, the information is stored on the Ethereum blockchain and can be accessed on the platform's site. As the NRC writes in its blog: "Blockchains provide the ultimate in transparency and trust, making this technology a brave new world for organizations that strive to conduct transparent business. These are early days yet, but the experiment is expected to provide constructive insight into the potential for blockchain technology and how it may be used for more open and transparent function of public programs." #finom_news  |
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finom.io
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January 23, 2018, 01:47:54 PM |
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Very popular misconception about Bitcoin tha it is a distributed public ledger or something to that effect. In fact, it is not. Bitcoin is a decentralized replicated public ledger. Decentralized means that it does not live on a centralized server: anybody can in principle add to it. Replicated means that it is copied in full in a lot of places. Distributed means that parts of it put in different place. There is actually a very big difference. Replication means it is fast to read data for everybody.But it also means that it’s expensive to write data. Distributed means that it is fast to read and write data that is “close to” you, but it takes a long time – might even be impossible – to read/write data that is not. The replicated nature of the blockchain means that it is fast to see how many Bitcoins you (or anybody else) have, but takes forever to spend them. #finom_opinion  |
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finom.io
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January 23, 2018, 02:00:27 PM |
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Cryptonit has opened registration for new users! Cryptonit exchange has announced reopening it’s doors to new users, following extensive site rebuilding and rebranding. The exchange’s interface and trading engine have been completely revamped. Cryptonit currently serves over 38,000 users with BTC, ETH and EUR pairs available for trading. Cryptonit’s commissions remain one the lowest in the industry: between 1% and 4.5% for deposits and withdrawals. No verification is required to deposit and withdraw funds in cryptocoins. Visit the updated Cryptonit and try the new speed and interface of Finom’s exchange: https://goo.gl/TFTgDa |
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finom.io
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January 24, 2018, 10:37:40 AM |
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Today's quote of the day by Larry Summers, US Former Treasury Secretary #finom_quote  |
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finom.io
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January 24, 2018, 03:25:34 PM |
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The shipment of soybeans to China became the first commodity deal to use blockchain technology Soybean shipment from the US to China completed using blockchain platform. A recent soybean shipment from the US to China has become "the first full agricultural commodity transaction using a blockchain platform," according to a consortium of banks and trading businesses involved.The deal involved recent agricultural trading businesses Louis Dreyfus Company and Shandong Bohi Industry. This shipment was carried out on the Easy Trading Connect blockchain platform developed by the banks (ING, Societe Generale, and ABN Amro), which digitises sales contracts such as documents and letters of credit. "The next step is to harness the potential for further development through the adoption of common standards, and welcome a truly new era of digital trade flow management on a global level." Louis Dreyfus Company's Martiarena There are even more news about commodity trading coming from London. Few businesses there have announced successful pilots and early-stage trials of projects using blockchain technology. #finom_news  |
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finom.io
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January 25, 2018, 10:09:19 AM |
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We apologize for the inconvenience. Currently, there is a technical issue which will not let you stably use Beetle and Cryptonit services simultaneously. The Finom team is working to design a solution, and you will have an opportunity to use both services at the same time soon. Currently, we suggest choosing a service which better suits your needs and keep using it. If you have a verified account at Beetle, you can start using this account at Cryptonit - no need to pass verification again. However, we strongly recommend to use only one service. If you still insist on using both services, please get in touch with one of the Community Managers and they will guide you through. It may take a few days to resolve your case due to high load.  |
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finom.io
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January 25, 2018, 11:48:40 AM |
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Today's quote of the day by Marc Andreessen, inventor of the first browser, thought leader and top VC  |
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finom.io
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January 25, 2018, 12:41:18 PM |
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Coinspeaker, one of the most influential news source in the Crypto world, writes about the reopening of registration on Cryptonit http://bit.ly/2DEG2rq #finom_news  |
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kevinantonio
Member
 Offline
Activity: 280
Merit: 10
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January 25, 2018, 03:37:28 PM |
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when i login into my account i put the right password it goes to 2FA when i enter the auth token it says wrong token why is that happening?
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finom.io
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January 26, 2018, 11:56:15 AM |
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Misconception: Bitcoin is Fully Anonymous Many seem to think that the world’s first cryptocurrency is anonymous. They seem to have misunderstood the public part of a decentralized public ledger. All transactions are visible to everyone and you can see them on blockchain.info. Furthermore, most transactions go between Bitcoin wallets. These wallets have addresses, and as soon as you know a wallet address you can follow all transactions in and out of that wallet. You can follow all the transactions they have ever made, and all transactions made to them. Have you ever conducted any shady transactions? Well, they're visible to everyone. That’s the reason why it was easy for the media to report the number of people who paid for the WannaCry ransomware: they just looked through the transactions in the open public ledger. What’s more, every legal service working with crypto technology requires verification. So Bitcoin is not so anonymous after all!  |
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finom.io
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January 26, 2018, 11:58:50 AM |
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CSO of Finom AG about the company at "Blockchain in real life" Forum in St. Petersburg #finom_news  |
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Veter2000
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January 26, 2018, 12:38:35 PM |
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And how are things with airdrop Finom? Promised 10 FIN for a subscription to Twitter. When is the distribution of these tokens expected?
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Veter2000
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January 26, 2018, 02:46:03 PM |
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It's strange. I fulfilled all the conditions of the airdrop subscribed to your twitter and telegrams, did retweet, but for some reason I do not find myself on the list? |
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finom.io
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January 26, 2018, 05:21:50 PM |
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It's strange. I fulfilled all the conditions of the airdrop subscribed to your twitter and telegrams, did retweet, but for some reason I do not find myself on the list? Probably, the link was displayed incorrectly. |
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