Have any of you been banned from wikipedia for posting cryptocurrency pages?
I have just had the most curious experience. Just wondering if anyone else has gone through this?
I posted the following for Beancash's proposed wiki:
{{Infobox currency
| Name = Bean Digital Cash
| image_1 =
| image_title_1 =
| issuing_authority_title = Administration
| issuing_authority = [[Decentralised system|Decentralized]] <br /> [[peer-to-peer]] consensus.
| date_of_introduction = 13 February 2015 <ref>
www.beancash.org</ref>
| date_of_introduction_source =https://github.com/nokat/bitbean/commit/54a5f052cea02bdda3b24b6b5c7836b2d3455667
| using_countries = Global
| inflation_rate = Disinflationary
| issuing_authority_website = [www.beancash.org]
| symbol = BEAN
| nickname = Beans
| plural = Beans
| subunit_ratio_1 = 1
| subunit_name_1 = Bean<ref>
www.beancash.org</ref>
| subunit_ratio_2 = 1000
| subunit_name_2 = SPROUT
| subunit_ratio_3 = .00000001
| subunit_name_3 = ADZUKI
}}
'''Bean Digital Cash''' or "Bean Cash", for short, is an [[open source]] [[cryptocurrency]] and [[payment network]] launched in February 2015 based on the proposal of [[Gavin Andresen]]'s to fix Bitcoin's scalability limitations.<ref>
https://bravenewcoin.com/news/gavin-andresen-tests-bitcoin-block-size-increase/</ref> Namely the 1MB block size that hampers transaction speeds and resulted in many unconfirmed transactions.<ref>
https://www.ccn.com/700-million-stuck-115000-unconfirmed-bitcoin-transactions/</ref> Bean Cash, formerly Bitbean, solved this issue by using the recommended 20MB block size resulting in almost instantaneous transaction speeds for Bean Cash. It’s so fast people have actually complained about its speed. <ref>
https://www.reddit.com/r/BitBean/comments/6muiz5/bitbean_is_too_fast/</ref>
Bean Cash uses [[proof-of-stake]] to reach consensus for transactions unlike [[Bitcoin]] which uses [[proof-of-work]] Proof of work systems are very energy consumptive <ref>
https://www.rt.com/business/411777-bitcoin-mining-electricity-states-power/</ref> and requires specialized equipment <ref>
https://bravenewcoin.com/news/the-bitcoin-mining-hardware-race-is-on/</ref>. Meanwhile Bean Cash can be ‘sprouted’ from any home computer thus making it truly decentralized, unlike Bitcoin. <ref>
https://medium.com/@bonpay/is-decentralized-bitcoin-really-decentralized-a3215467e1d5</ref>
==Mission==
To be an enduring digital currency, with high integrity, a store of value and a means of exchange for everyday transactions -- that stands the test of time! <ref>
http://www.beancash.org/downloads/bean-cash-merchant-whitepaper.pdf</ref>
==Monetary System==
Bean Cash was always meant to fulfill Satoshi Nakamoto’s vision REF:
https://nakamotoinstitute.org/bitcoin/ to be a peer to peer version of electronic cash to be used for online payments. It offers benefits to merchants such as: it saves on transaction fees, it protects their consumers from identity theft, no chargebacks and Beans accrue more Beans in sprouting wallets at a higher interest rate than bank savings accounts. <ref>
http://www.beancash.org/downloads/bean-cash-merchant-whitepaper.pdf</ref>
== History ==
Bean Cash, formerly Bitbean, was launched without ICO ([[Initial coin offering]]) or premine. The first 10,000 blocks were a mixture of [[ASIC]] mined and ‘sprouted’ coins totaling about 606 million after which all new coins resulted from Proof-of-stake, affectionately referred to as ‘sprouting’ by the Bean Community.
Bean Cash claims to realize Satoshi's vision by starting from onset with 20MB maximum block sizes. It was designed with the intent of being Bitcoin’s “big little brother” since it built on the Satoshi whitepaper with Satoshi's intention to lift the block size limit above 1MB in order to scale on-chain as needed. <ref>
https://bitcoin.org/bitcoin.pdf</ref>
== Supply ==
There are, as of 18th. of July 2018, 2.606 Billion Beans in circulation. <ref>
https://chainz.cryptoid.info/bean/</ref>
Eventual circulation can reach up to 50 Billion Beans. <ref>
www.bitbean.org</ref> but it will take 93 years to reach this potential <ref>
https://steemit.com/bitbean/@havardtan/what-do-you-need-to-know-about-bitbean</ref>
=== Local economies ===
There are Bean Cash nodes in 44 countries with the bulk of those being in the United States, Canada, Germany, United Kingdom, Korea, Netherlands and Japan. Every continent has active ‘Sprouters’ (Sprouters are full nodes that verify transactions, can build blocks and able to sign for them.) except Antarctica <ref>
https://chainz.cryptoid.info/bean/#!network</ref> The number of active nodes fluctuate as they come online or go offline. There are some nodes hosted in EMP proof and nuclear hardened facilities.
== Community ==
===BeanCore===
Bean Core are the developers, they maintain the code base and are responsible for github submissions. Bean Core was established on March 19th, 2015 by active members and [[Stakeholder (corporate)]] of the BitBean Community. Bean Core is a virtual company comprised of the largest Stakeholders (investors and developers), organized for the continued development, marketing and stewardship of the digital currency and network. A "Stakeholder" is defined as someone that has a significant investment in Bean Digital Cash (1% or more of current monetary supply).
The Bean Core operates much like a traditional company, with a [[board of directors]], who also act in an executive capacity, managing core development and network infrastructure. Stakeholders accepted into Bean Core will have a voice in the direction of Bean, and be able to take an active role in its development and stewardship. The organization of Bean Core is based on a consensus and an ownership model. Large Stakeholders who have invested more in Bean Cash and remain actively involved, have a bigger voice in its management and stewardship. Bean Core maintains the privacy of its members for those wishing to remain anonymous and to maintain core security. <ref>
http://www.beancash.org/beancore.html</ref>
===TeamBean===
Team Bean are a group of individuals that help people new to the Bean community with their common problems. They hang out in the “Farm” which is their group chat on Mattermost <ref>
https://live.beancash.org/teambean/channels/town-square</ref> The Team Bean fields many matters that would take the developers away from the tasks only they can do.
The developers are also accessible through the Team Bean chat. There they resolve issues with exchanges and answer technical and difficult questions.
== Features ==
Bean Cash has fast, almost instantaneous transactions.
Static block rewards, while other proof of stake coins fluctuate, Bean Cash rewards always remain 1000 Beans for any Sprout (Bean's version of a stake. 1000 Beans equals 1 Sprout.) found.
Pseudo anonymity, to the extent that an address on the Bean Cash network is not linked to any specifically named individual elsewhere.
===Blockchain Integrity ===
Bean Cash has a target block time of one minute
www.beancash.org This makes for a large blockchain. Blockchain bloat <ref>
https://themerkle.com/what-is-blockchain-bloat/</ref> is dealt with in Bean cash with an already large, 20MB. Some coins employ chain pruning <ref>
https://news.bitcoin.com/pros-and-cons-on-bitcoin-block-pruning/</ref> which could potential lead to invalidated blocks and unwanted [[block chain forks]] Beancash has kept its blockchain integrity intact. Another strategy some other coins have used is to fork the blockchain on purpose in order to either make a new coin entirely <ref>
https://arstechnica.com/tech-policy/2017/11/bitcoin-gold-the-latest-bitcoin-fork-explained/</ref> or to make drastic changes in the way the coin works <ref>
https://atozforex.com/news/ethereum-casper-hardfork-details/</ref> Beancash developers have instead chosen to maintain the blockchain as is (Bean Cash had no swap; block chain integrity is a core value of Bean Core developers.) during their rebrand from Bitbean to Bean Cash.
== Innovations ==
Bean Cash pioneered Static Block rewards and was the first "POS" v3.0 <ref>
https://bitcointalk.org/index.php?topic=969676.0</ref> This is why Bean Cash refers to its version of Proof of Stake as instead, "Proof of Bean".
Bean Cash can handle over 1,300 transactions per minute and due to its large block size is not subject to massive transaction backlogs, such as Ethereum which slowed to a crawl by Cryptokitties. <ref>
https://media.consensys.net/the-inside-story-of-the-cryptokitties-congestion-crisis-499b35d119cc</ref>
== Proof-of-stake==
Bitcoin uses [[proof-of-work|hashing power as proof]] for verifying transactions, Bean Digital Cash works with [[proof-of-stake|stake-size]] affectionately known as “Proof of Bean” by the Bean Community, Blocks are rewarded in a practically random manner (Sprouting is non-deterministic), with greater amounts of stake, “Beanweight”, increasing the likelihood of adding a block to the chain. Block rewards are 1000 Beans or “Sprouts”. The typical return is as of July 2018, about 3% per month. The network has been growing, and difficulty has reached new heights. Previously one could acheive about 4% return per month, according to the Sprouting Calculator <ref>
http://sproutingcalculator.com/</ref> but results will vary in relation to equipment and network. . The sprouting calculator assumes a 4% sprouting reward but as difficulty has increased the calculator has become less accurate and needs to be updated. As more users join the network and more Beans are actively being Sprouted, Sprouters will see less Sprouts. This is very much the same as when Bitcoin become more popular, as the hash rate increased, so did the difficulty, resulting in less rewards for individual miners.
Because Sprouts are a reward for securing the network, wallets need to be open (see [[cryptocurrency wallet]]) and unlocked.
==Exchange==
Beans are available on several [[crypto currency exchange]]s <ref>
https://coinmarketcap.com/currencies/bean-cash/#markets</ref>
Bittrex
Cryptopia
Bleutrade
Yobit
Coinexchange
Upbit
There is also an exchange that allows users to purchase Bean Cash using Fiat currency, with Bitcoin Cash as an intermediator. <ref>
https://localbitcoincash.org/index.asp</ref>
A 10 January tweet warned investors away from using both Yobit and Cryptopia due to market manipulation and extended wallet maintenance by the sites which prevents moving Beans between exchanges and [[arbitrage]]. <ref>
https://twitter.com/BitBeanCoin/status/951119146921742337</ref> By far most of the volume is traded on Bittrex. <ref>
https://coinmarketcap.com/currencies/bean-cash/#markets</ref>
==Memes==
Bean Cash, formerly Bitbean, has an active community with respect to meme development. <ref>
https://www.google.com/search?q=bitbean+memes&rlz=1C2GGRV_enUS762US763&source=lnms&tbm=isch&sa=X&ved=0ahUKEwimoOD91NHYAhVQzGMKHTtiDeMQ_AUICigB&biw=1366&bih=662#imgrc=_</ref>
These memes are full of whimsy, absurdity or even express regret over not investing in beans. These irreverent manifestations <ref>
https://i.warosu.org/data/biz/img/0029/30/1501692813085.jpg</ref> of fan loyalty have served to pique the interests of new investors. The proliferation of Bean Memes is bolstered by periodic contests on [[steemit]] <ref>
https://steemit.com/giveaway/@official-bitbean/10k-bitbean-meme-give-away-post-your-best-bitbean-meme</ref> or from the Bean Core on the Mattermost channel.
==Forthcoming==
As of 18 July 2018, the current sprint includes:
Bean Cash Core v1.1.3 (Windows, Linux, and MacOS)
Bean Cash Android Keychain app (light wallet)
Desktop Bean Cash keychain apps for Linux, Windows and Mac OS
Updated website and launch portal
Bean Cash Core v1.2 Beta deployed on testnet
Bean Cash v1.2RC
== Controversy==
Bean Digital Cash’s code was used to develop POS v3 but an article by Earlz.net claims that the origin of POS v3 is missing and they exclude Bean Cash’s (then Bitbean’s) pioneering work. <ref>
http://earlz.net/view/2017/07/27/1904/the-missing-explanation-of-proof-of-stake-version</ref>
Bean cash started out as Bitbean. Bitbean’s developer no-name nokat <ref>
https://www.ccn.com/bean-grew-two-stalks-story-bitbean/</ref> attempted to fork the coin and dump his holdings. This threat was averted by the current developer Shawn K. and his partner.
Bean cash is sometimes criticized by enthusiasts and cryptoauthorities for not having a ‘roadmap’ <ref>
https://microcapcrypto.com/bitb/</ref> Instead of road maps, which often times are unrealistic, Bean Cash publishes periodic snapshots of ‘sprints’ which can be found at:
http://www.beancash.org/index.html === Nothing at stake attacks===
It is proposed that one could attack any proof-of-stake currency with zero costs.<ref>{{cite web|last1=Houy|first1=Nicolas|title=It Will Cost You Nothing to 'Kill' a Proof-of-Stake Crypto-Currency|ssrn=2393940|website=papers.ssrn.com|publisher=University of Lyon 2|accessdate=22 December 2014}}</ref> There are several proposed attack vectors. These include attempting to build blocks in every fork in the network, because doing so costs them almost nothing and ignoring any fork may mean losing out on the block rewards that would be earned if that fork were to become the chain with the largest cumulative difficulty.
==See also==
* [[Alternative currency]]
* [[Crypto asset]]
* [[Cryptocurrency]]
* [[Peer-to-peer computing]]
* [[Proof of Stake]]
== External links ==
{{Commons category|Bitbean}}
* {{Official website|http://www.beancash.org/}}
{{Cryptocurrencies}}
{{Portal bar|Cryptography|Economics|Free software|Numismatics}}
[[Category:Cryptocurrencies]]
[[Category:Free software programmed in Java (programming language)]]
[[Category:Currency introduced in 2015]]
[[Category:2015 software]]
[[Category:Volunteer computing]]
[[Category:Financial technology]]
[[Category:Alternative currencies]]
[[Category:Proof of Stake]]
==References==
