The World’s Most Trusted Name in Precious Metals - Goldmoney

Is Convergence the Future of DeFi? InfinityDefi Tells Who Will Dominate the Field

After more than two years of brewing, DeFi broke out in the summer of 2020. Within just three months from mid-June till present, the progress is dazzling. This is by far the most innovative stage in the cryptocurrency history. Liquidity mining and yield farming are extremely popular and the Ethereum gas fee skyrocketed on their backs. Meanwhile, some projects are forced to close due to the overly costly transaction fees they need to subsidize for users. What did classic DeFi projects do in the past six months?
Liquidity mining has been a recognized driver for DeFi. The model was originated by Synthetix on Curve to distribute SNX token incentives to users who provide liquidity for the sUSD pool. Synthetix is a synthetic asset generation and trading protocol, therefore, with no liquidity its synthetic assets are meaningless.
What is liquidity mining? It is depositing or lending tokens under a set of rules to a DeFi product with a mining mechanism to ensure liquidity for the product’s fund pool with the final aim to get rewards for it. The recently popular Compound does it. Compound is a DeFi protocol for collateralized lending on Ethereum. Users provide their tokens to get annualized income or pay interest to borrow tokens. While borrowing and lending, they earn the governance token COMP distributed by a smart contract.
Their token COMP serves for governance and reflects the business value. All borrowers and lenders on Compound earn COMP. The total number of tokens allocated for mining is 4,229,949. Lenders get one half and borrowers get the other half of it. When COMP price rises, the users’ motivation to deposit and borrow money is stronger.
YAM is the initiator of mining + forking. When AMPL came out, there were some imitators but none of them gained mass attention in the crypto community. The only exception is YAM. Why is YAM so attractive? It is a fork of AMPL with YFI‘s issuance mechanism that added a couple of new features such as a reserve and exploded.
YFI is the governance token on https://yearn.finance. It has no pre-mining, ICO, allocation for the team, or reserve for investment institutions. It adopts the online governance model and community decides on its development direction, which is quite fair. Due to its distribution method, YFI is even called the Bitcoin in DeFi.
https://yearn.finance automatically deposit stablecoins and mines liquidity on AAVE, Compound, dYdX, etc. It has a set of revenue tools like ytrade, yliquidate, yleverage, ypool, and smart contract pledge loans. https://yearn.finance aims to simplify the overly complex liquidity mining and automate the operations. It seeks the best profit strategy for asset holders and increases gas usage efficiency for small-scale miners. Even when Ethereum gas fee reached 100 gwei, the deposit and withdrawal fees were around 2 USD.
Sushiswap: The Trend Setter
DEX are the largest chunk of DeFi. The top three are Uniswap, Balancer, and Curve. More than a dozen of DEX has daily trading volume over $10 million. With the rising volume, DEX will be the competition for centralized exchanges (CEX) in the future.
Sushiswap pushes forking + mining. It is a fork of Uniswap with increased token distribution for mining that tried to pull the liquidity carpet from under Uniswap. It has mining pools for stablecoins like USDT, USDC, and DAI as well as Uniswap’s most liquid mainstream DeFi token pools. However, Sushiswap imitators lack originality. Various “food swaps” that appeared recently are bound to enter the death spiral.
Need aggregators? InfinityDefi (INFI) Is What You Need
In the Internet age, aggregators get the most value. Google aggregates the content of websites, Facebook does it with social relationships and content, Amazon with goods and trading, Airbnb with guest rooms, etc. These tech giants have subverted traditional industries and built a near-monopoly position.
Why are they close to monopoly? As more users, content, and products are aggregated, the cost drops and a network effect forms. The wall is high, but the one who crosses it takes all. The same is true for DeFi. It is just a technology on top of a financial arbitrage model, which is cyclic depositing and borrowing to earn interest.
DeFi is modular and trustless and aggregators take advantage of it. Liquidity mining, staking, lending, or DEX AMM are all essentially deposition of tokens to a storage pool to earn revenue. INFI (InfinityDefi) is an aggregate DeFi product, a decentralized digital bank as they call themselves. They are adding a vault with the best investment and value preservation services.
InfinityDefi is a dApp on Ethereum and a cross-chain, multi-currency system with multi-collateral backing. Its Polymerization Pool combines collateral and debts and integrates price feeding, auction, and autonomous management. Users pledge a variety of stablecoins and non-stablecoins to borrow funds. The Pool dynamically adjusts interest rates according to each currency’s ratio in it for higher stability. That is, when the pool is short of ETH, the interest rate earned by ETH pledgers rises.
The protocol is decentralized, transparent, and fair. Besides the standard collateral lending, InfinityDefi lenders can pledge their existing external collateral agreements to other users of the platform as collateral for new loans and better arbitrage. The new (secondary) lender owns the collateral debt. When the lender of the first collateralized loan has an urgent short-term capital demand, it can become a borrower with secondary collateral, sell its creditor’s rights, and get a loan bigger than the original collateral.
InfinityDefi provides secondary loans amounting to 10% of your primary collateral on other platforms. The model is still the traditional “give something as collateral and borrow,” while empowering users and providing more benefits.

Other incentives are equity tokens PPT issued for each loan and collateral (whether primary or secondary). PPT rewards increase with the size and duration of collateral. Conversion of PPT to INFI, the ecosystem token, is available. INFI holders participate in the project management and share the project’s financial risks for stability, transparency, and efficiency, and share profits of the entire ecosystem in return. The respective governance power is proportional to the number of INFI in the voter’s account. INFI aims for listing on major exchanges.
submitted by summerflyoo7 to CryptoMoonShots [link] [comments]

Is Convergence the Future of DeFi? InfinityDefi Tells Who Will Dominate the Field

After more than two years of brewing, DeFi broke out in the summer of 2020. Within just three months from mid-June till present, the progress is dazzling. This is by far the most innovative stage in the cryptocurrency history. Liquidity mining and yield farming are extremely popular and the Ethereum gas fee skyrocketed on their backs. Meanwhile, some projects are forced to close due to the overly costly transaction fees they need to subsidize for users. What did classic DeFi projects do in the past six months?
Liquidity mining has been a recognized driver for DeFi. The model was originated by Synthetix on Curve to distribute SNX token incentives to users who provide liquidity for the sUSD pool. Synthetix is a synthetic asset generation and trading protocol, therefore, with no liquidity its synthetic assets are meaningless.
What is liquidity mining? It is depositing or lending tokens under a set of rules to a DeFi product with a mining mechanism to ensure liquidity for the product’s fund pool with the final aim to get rewards for it. The recently popular Compound does it. Compound is a DeFi protocol for collateralized lending on Ethereum. Users provide their tokens to get annualized income or pay interest to borrow tokens. While borrowing and lending, they earn the governance token COMP distributed by a smart contract.
Their token COMP serves for governance and reflects the business value. All borrowers and lenders on Compound earn COMP. The total number of tokens allocated for mining is 4,229,949. Lenders get one half and borrowers get the other half of it. When COMP price rises, the users’ motivation to deposit and borrow money is stronger.
YAM is the initiator of mining + forking. When AMPL came out, there were some imitators but none of them gained mass attention in the crypto community. The only exception is YAM. Why is YAM so attractive? It is a fork of AMPL with YFI‘s issuance mechanism that added a couple of new features such as a reserve and exploded.
YFI is the governance token on https://yearn.finance. It has no pre-mining, ICO, allocation for the team, or reserve for investment institutions. It adopts the online governance model and community decides on its development direction, which is quite fair. Due to its distribution method, YFI is even called the Bitcoin in DeFi.
https://yearn.finance automatically deposit stablecoins and mines liquidity on AAVE, Compound, dYdX, etc. It has a set of revenue tools like ytrade, yliquidate, yleverage, ypool, and smart contract pledge loans. https://yearn.finance aims to simplify the overly complex liquidity mining and automate the operations. It seeks the best profit strategy for asset holders and increases gas usage efficiency for small-scale miners. Even when Ethereum gas fee reached 100 gwei, the deposit and withdrawal fees were around 2 USD.
Sushiswap: The Trend Setter
DEX are the largest chunk of DeFi. The top three are Uniswap, Balancer, and Curve. More than a dozen of DEX has daily trading volume over $10 million. With the rising volume, DEX will be the competition for centralized exchanges (CEX) in the future.
Sushiswap pushes forking + mining. It is a fork of Uniswap with increased token distribution for mining that tried to pull the liquidity carpet from under Uniswap. It has mining pools for stablecoins like USDT, USDC, and DAI as well as Uniswap’s most liquid mainstream DeFi token pools. However, Sushiswap imitators lack originality. Various “food swaps” that appeared recently are bound to enter the death spiral.
Need aggregators? InfinityDefi (INFI) Is What You Need
In the Internet age, aggregators get the most value. Google aggregates the content of websites, Facebook does it with social relationships and content, Amazon with goods and trading, Airbnb with guest rooms, etc. These tech giants have subverted traditional industries and built a near-monopoly position.
Why are they close to monopoly? As more users, content, and products are aggregated, the cost drops and a network effect forms. The wall is high, but the one who crosses it takes all. The same is true for DeFi. It is just a technology on top of a financial arbitrage model, which is cyclic depositing and borrowing to earn interest.
DeFi is modular and trustless and aggregators take advantage of it. Liquidity mining, staking, lending, or DEX AMM are all essentially deposition of tokens to a storage pool to earn revenue. INFI (InfinityDefi) is an aggregate DeFi product, a decentralized digital bank as they call themselves. They are adding a vault with the best investment and value preservation services.
InfinityDefi is a dApp on Ethereum and a cross-chain, multi-currency system with multi-collateral backing. Its Polymerization Pool combines collateral and debts and integrates price feeding, auction, and autonomous management. Users pledge a variety of stablecoins and non-stablecoins to borrow funds. The Pool dynamically adjusts interest rates according to each currency’s ratio in it for higher stability. That is, when the pool is short of ETH, the interest rate earned by ETH pledgers rises.
The protocol is decentralized, transparent, and fair. Besides the standard collateral lending, InfinityDefi lenders can pledge their existing external collateral agreements to other users of the platform as collateral for new loans and better arbitrage. The new (secondary) lender owns the collateral debt. When the lender of the first collateralized loan has an urgent short-term capital demand, it can become a borrower with secondary collateral, sell its creditor’s rights, and get a loan bigger than the original collateral.
InfinityDefi provides secondary loans amounting to 10% of your primary collateral on other platforms. The model is still the traditional “give something as collateral and borrow,” while empowering users and providing more benefits.
Other incentives are equity tokens PPT issued for each loan and collateral (whether primary or secondary). PPT rewards increase with the size and duration of collateral. Conversion of PPT to INFI, the ecosystem token, is available. INFI holders participate in the project management and share the project’s financial risks for stability, transparency, and efficiency, and share profits of the entire ecosystem in return. The respective governance power is proportional to the number of INFI in the voter’s account. INFI aims for listing on major exchanges.
submitted by summerflyoo7 to ethtrader [link] [comments]

Argyle Coin Becomes the First Cryptocurrency Ever to Be Backed by a Performance Bond and Fancy Colored Diamonds Worth $25 Million

Argyle Coin, a blockchain based platform to buy and sell fancy colored diamonds, will protect its investors by two measures viz. a performance bond and $25,000,000 worth of fancy colored diamonds. It will also be the world’s first ever cryptocurrency designed specifically to execute smart contracts for efficient online trading of fancy colored diamonds.
August 25, 2018 – Following the recent announcement of its blockchain and token (RGL), Argyle Coin has now emerged as the world’s first ever cryptocurrency that backs the investors fully with a bond as well as fancy colored diamonds worth a whopping$25,000,000. The objective of this platform is to create an efficient online marketplace for financing, trading, and paying for valuable diamonds, leveraging the power of blockchain technology.
Diamonds have always been extremely popular amongst the wealthiest of investors across the globe. However, the industry has suffered due to the lack of a global currency capable of facilitating these multi-million-dollar international transactions at the desired speed. Argyle Coin is all set to overcome this limitation of the industry with their blockchain powered online marketplace complemented with a proprietary wallet, coin exchange, and multilateral financing facility.
Argyle Coin also has the distinction of being the first ever cryptocurrency to be designed specifically for the purpose of facilitating smart contracts for superfast online trading of colored diamonds. In addition to normal sales and purchases, these smart contracts will also pave the way for fractional ownership of the most expensive fancy colored diamonds. This will undoubtedly broaden the global diamond market with the inclusion of interested retail investors and collectors that are not able to afford an entire multi-million-dollar diamond.
Argyle Coin’s RGL token stands out from its competitors by backing the value of its tokens by something tangible, fancy colored diamonds worth millions of dollars. To be specific, $25 M purchased by the principals and 60% out ICO Funds in fancy colored diamonds will be held by Malca-Amit’s, a leader in vault administration. Storage and access to these diamonds will be audited by an independent auditor that will publish a biannual access report and a yearly insurance statement.
In the near future, Argyle Coin plans to create the company’s own Coin Exchange to ensure convenient and secure online access to RGL tokens for the clients. The users will also have their digital wallets to interface with other cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. By building a comprehensive trading infrastructure, Argyle Coin is looking to deliver a robust, always-available, global trading market for fancy colored diamonds.
Based on the Ethereum network, Argyle Coin token (RGL) is ERC-20 certified and utilizes a new blockchain based on Ethereum Code to develop smart contracts. In order to provide the initial inventory for smart contracts, Argyle Coin has recently joined hands with renowned fancy colored diamond dealers such as H. Siegel Fine Auctions, Rare Colored Diamonds, and several others.
Argyle Coin Corp is the brainchild of Jose Aman, an international financier with over twenty-five years of experience in the diamond industry. He was introduced to the cryptocurrency in 2013 by his now Chief Information Officer Anthony Eusebio. Argyle Coin was born out of Jose’s need to increase the e-commerce footprint of the diamond industry and vision to offer a stable cryptocurrency based on fancy colored diamonds.
Expressing optimism about the future of Argyle Coin, Jose said:
“I see a future with Argyle Coin flourishing as an e-commerce token used online and in the real world not only for diamonds but for every possible scenario where tracking, escrow, investments, buy and sell will be done efficiently.”
About Argyle Coin
Argyle Coin is the first cryptocurrency to offer the public an opportunity to be directly buying and investing in the growing fancy colored diamond market. The company is in the process of creating a new platform to buy and sell fancy colored diamonds through a secure, effective and fast system. It is an end-to-end solution with its own token and systems of verification, trading and tracking of diamonds.
submitted by Purdy8 to CryptoMarkets [link] [comments]

Argyle Coin, a blockchain based platform to buy and sell fancy colored diamonds

Following the recent announcement of its blockchain and token (RGL), Argyle Coin has now emerged as the world’s first ever cryptocurrency that backs the investors fully with a bond as well as fancy colored diamonds worth a whopping$25,000,000. The objective of this platform is to create an efficient online marketplace for financing, trading, and paying for valuable diamonds, leveraging the power of blockchain technology.
Diamonds have always been extremely popular amongst the wealthiest of investors across the globe. However, the industry has suffered due to the lack of a global currency capable of facilitating these multi-million-dollar international transactions at the desired speed. Argyle Coin is all set to overcome this limitation of the industry with their blockchain powered online marketplace complemented with a proprietary wallet, coin exchange, and multilateral financing facility.
Argyle Coin also has the distinction of being the first ever cryptocurrency to be designed specifically for the purpose of facilitating smart contracts for superfast online trading of colored diamonds. In addition to normal sales and purchases, these smart contracts will also pave the way for fractional ownership of the most expensive fancy colored diamonds. This will undoubtedly broaden the global diamond market with the inclusion of interested retail investors and collectors that are not able to afford an entire multi-million-dollar diamond.
Argyle Coin’s RGL token stands out from its competitors by backing the value of its tokens by something tangible, fancy colored diamonds worth millions of dollars. To be specific, $25 M purchased by the principals and 60% out ICO Funds in fancy colored diamonds will be held by Malca-Amit’s, a leader in vault administration. Storage and access to these diamonds will be audited by an independent auditor that will publish a biannual access report and a yearly insurance statement.
In the near future, Argyle Coin plans to create the company’s own Coin Exchange to ensure convenient and secure online access to RGL tokens for the clients. The users will also have their digital wallets to interface with other cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. By building a comprehensive trading infrastructure, Argyle Coin is looking to deliver a robust, always-available, global trading market for fancy colored diamonds.
Based on the Ethereum network, Argyle Coin token (RGL) is ERC-20 certified, and utilizes a new blockchain based on Ethereum Code to develop smart contracts. In order to provide the initial inventory for smart contracts, Argyle Coin has recently joined hands with renowned fancy colored diamond dealers such as H. Siegel Fine Auctions, Rare Colored Diamonds, and several others.
Argyle Coin Corp is the brainchild of Jose Aman, an international financier with over twenty-five years of experience in the diamond industry. He was introduced to the crypto currency in 2013 by his now Chief Information Officer Anthony Eusebio. Argyle Coin was born out of Jose’s need to increase the e-commerce footprint of the diamond industry and vision to offer a stable cryptocurrency based on fancy colored diamonds.
Expressing optimism about the future of Argyle Coin, Jose said, “I see a future with Argyle Coin flourishing as an e-commerce token used online and in the real world not only for diamonds, but for every possible scenario where tracking, escrow, investments, buy and sell will be done efficiently.”
About Argyle Coin: Argyle Coin is the first cryptocurrency to offer the public an opportunity to be directly buying and investing in the growing fancy colored diamond market. The company is in the process of creating a new platform to buy and sell fancy colored diamonds through a secure, effective and fast system. It is an end-to-end solution with its own token and systems of verification, trading and tracking of diamonds.
submitted by ntfwellness to CryptoCurrency [link] [comments]

CRYPTOCURRENCY BANK ZEOSX

CRYPTOCURRENCY BANK ZEOSX

https://preview.redd.it/p37eonxjclo21.png?width=149&format=png&auto=webp&s=28b3891f852f51693e88f31fd545a2efab6598ee
The Blockchain technology is taken seriously by the financial sector, as it can become a major disruptor of the traditional banking sector. The unchanging and inviolable nature of the blockchain makes it the ideal solution to reduce costs and simplify everything from payments to transactions, securities issues, retail banking, clearing, settlement, etc. It is becoming clear that the blockchain technology is much more than Bitcoin or cryptocurrencies. While implementations such as payment and monetary systems are certainly disruptive, the greatest disruption could come from other uses of these unique and powerful features.

THE SOLUTION ZEOSX

What is zeosX?
zeosX is a decentralized platform aiming to revolutionize the traditional banking industry. Our cutting edge technological system is built based on a powerful finance ecosystem which consists of the futuristic banking components.
  • Borrow with or without collateral
  • Superior crypto mobile wallet
  • Luxurious and stunning quality cards
  • Investments, auction and lending
Why choose zeosX ?
  • Real-time military grade security, Platform security will always be our top priority. zeosX consists of multiple layers of protection, providing clients with seamless user experience.
  • High-performance crypto fortress, Clients’ crypto assets will be safely secured in a deep cold storage vaults. Confidential information can never be accessed by anyone.
  • Monthly ZeoAirdrops, Beside producing monthly passive income, ZEOS tokens also offer clients with bountiful benefits such as additional discounts on collateral loan.
zeosX is a decentralized crypto bank aiming to revolutionize the traditional banking industry. Our cutting-edge technological system is built based on a powerful finance ecosystem which consists of futuristic banking components.
submitted by danilhadiwinata to Alt_Estate [link] [comments]

THE WORLD’S FIRST CRYPTOCURRENCY BANK ZEOSX

THE WORLD’S FIRST CRYPTOCURRENCY BANK ZEOSX

https://preview.redd.it/7gj3aksurvn21.png?width=149&format=png&auto=webp&s=a669d52cf9ebe07aa364ea7b351b88416265d2af
The Blockchain technology is taken seriously by the financial sector, as it can become a major disruptor of the traditional banking sector. The unchanging and inviolable nature of the blockchain makes it the ideal solution to reduce costs and simplify everything from payments to transactions, securities issues, retail banking, clearing, settlement, etc. It is becoming clear that the blockchain technology is much more than Bitcoin or cryptocurrencies. While implementations such as payment and monetary systems are certainly disruptive, the greatest disruption could come from other uses of these unique and powerful features.
https://preview.redd.it/xhrqg3j3svn21.png?width=149&format=png&auto=webp&s=4539fb5f88b9ebede3e80e102064d700c63e5e85

THE SOLUTION ZEOSX

What is zeosX?
zeosX is a decentralized platform aiming to revolutionize the traditional banking industry. Our cutting edge technological system is built based on a powerful finance ecosystem which consists of the futuristic banking components.
  • Borrow with or without collateral
  • Superior crypto mobile wallet
  • Luxurious and stunning quality cards
  • Investments, auction and lending
Why choose zeosX ?
  • Real-time military grade security, Platform security will always be our top priority. zeosX consists of multiple layers of protection, providing clients with seamless user experience.
  • High-performance crypto fortress, Clients’ crypto assets will be safely secured in a deep cold storage vaults. Confidential information can never be accessed by anyone.
  • Monthly ZeoAirdrops, Beside producing monthly passive income, ZEOS tokens also offer clients with bountiful benefits such as additional discounts on collateral loan.
zeosX is a decentralized crypto bank aiming to revolutionize the traditional banking industry. Our cutting-edge technological system is built based on a powerful finance ecosystem which consists of futuristic banking components.
submitted by danilhadiwinata to u/danilhadiwinata [link] [comments]

CRYPTOCURRENCY BANK ZEOSX

CRYPTOCURRENCY BANK ZEOSX

https://preview.redd.it/y7hjoh9otvn21.png?width=149&format=png&auto=webp&s=426f9cec4c63c3159661d8d09f322062013bb0b4
The Blockchain technology is taken seriously by the financial sector, as it can become a major disruptor of the traditional banking sector. The unchanging and inviolable nature of the blockchain makes it the ideal solution to reduce costs and simplify everything from payments to transactions, securities issues, retail banking, clearing, settlement, etc. It is becoming clear that the blockchain technology is much more than Bitcoin or cryptocurrencies. While implementations such as payment and monetary systems are certainly disruptive, the greatest disruption could come from other uses of these unique and powerful features.

THE SOLUTION ZEOSX

What is zeosX?
zeosX is a decentralized platform aiming to revolutionize the traditional banking industry. Our cutting edge technological system is built based on a powerful finance ecosystem which consists of the futuristic banking components.
  • Borrow with or without collateral
  • Superior crypto mobile wallet
  • Luxurious and stunning quality cards
  • Investments, auction and lending
Why choose zeosX ?
  • Real-time military grade security, Platform security will always be our top priority. zeosX consists of multiple layers of protection, providing clients with seamless user experience.
  • High-performance crypto fortress, Clients’ crypto assets will be safely secured in a deep cold storage vaults. Confidential information can never be accessed by anyone.
  • Monthly ZeoAirdrops, Beside producing monthly passive income, ZEOS tokens also offer clients with bountiful benefits such as additional discounts on collateral loan.
zeosX is a decentralized crypto bank aiming to revolutionize the traditional banking industry. Our cutting-edge technological system is built based on a powerful finance ecosystem which consists of futuristic banking components.
submitted by danilhadiwinata to icocrypto [link] [comments]

Privacy and Anonymity for bitcoin via true distribution

cross posted from https://bitcointalk.org/index.php?topic=412321.msg4466956#msg44
OK Up front I think bitcoin is an amazing technology, I did in 2009 when I was presented with the paper via some economists who were looking at a proposal I was involved in for a crypto currency (Perpetual Coin in part designed by me, and a paper authored by Paul Grignon). I wrote bitcoin off somewhat not believing in the network strategy and privacy concerns it brought. I never 'got it' really and I am delighted to have been proven wrong. In fact it feels great :-) I have lost touch with the community until recently though as I have been day and night on a related project (as you will see).
I do still feel there are concerns though and the issues I feel some of these can be addressed and these are:
1: Wallet security and availability across devices (been looking at trezor (thanks to goonsack on reddit) as well, brilliant and can help a lot).
2: Distribution of blockchain (crude way of putting a core protocol change) to ensure privacy, anonymity and importantly scaling.
3: A compelling reason for people to have real nodes on the network.
I feel these are real issues and they do require an answer in a relatively short timescale for mass adoption.
The Maidsafe network can achieve all the above as it's already aimed at privacy security and freedom for all. The mechanisms we have chosen are completely aligned with the motivation of bitcoin, but I believe we can add to the infrastructure relatively easily (as you will see).
I would love to engage with the bitcoin community to sort the problems above and give people everything, security, privacy and freedom in the digital world to allow the same in the natural world. I feel there is a significant opportunity driven by an increasing need for protection from many angles, even governments at times and this should not be only data and communications, but also money (ignoring the debates about currency, money, value store and the likes).
I feel there is a huge opportunity for real change now and this will be a world shaking move if we can provide the worlds population with:
1: Security of their own data
2: Ability to communicate without snooping
3: Ability to transact without intervention
4: Ability to share any data with whom they wish
5: Ability to publish a website or any data without loss of privacy
Importantly all of the above is under the control of the person doing it, nobody can stop, snoop or otherwise ban people, there is no third party involved at all. MaidSafe does not know it's users and never can, just as bitcoin is/"should be".
These things brought together would allow some amazing opportunities we cannot envisage today, for instance an auction/shop type system for goods and services, where people can post info, get paid for products and services privately and strictly between only the parties involved. Then bitcoin can be earned, spent and cycle as it should. There are arbitration systems around now, even escrow systems and these can be adopted to an private, secure and anonymous system pretty easily. In any case I really do not want to make this an essay, the opportunities are beyond my ability to imagine at any rate.
The project I have been involved with since 2006 is MaidSafe (http://www.maidsafe.net 10 minute video) and the vision is to replace todays network infrastructure with a totally distributed system. This is not simple and requires several key components:
1: Data security beyond logical algorithmic protection (AES and others is not good enough). Physical security is also required (i.e. without companies or people being involved)
2: An autonomous network that requires zero human input that guarantees integrity of data and that can self heal (this is very hard and requires PKI to be mathematically managed for a start i.e. no verisign or web of trust)
3: An ability to log onto the network (where no servers exist) or to log into your own data (where ever it is located, nobody knows, not us or you).
I am glad to say we have achieved all of this and you can see the code here https://github.com/maidsafe/MaidSafe/wiki as it is now in 'in house testing'.
You can think of the network itself as a perfect key/value store and a quid pro quo network. So a user gives up a portion of disk space and they can store data on the network, if their space reduces their storage reduces (they can become read only). The network uses very high levels of encryption and obfuscation to ensure security, but importantly masks actions by people and provides pretty decent levels of privacy by several steps, one such thing is the login details, these do not relate in any way to the public ID people choose, also the data manipulation keys used are not linked to either of these keys. We can create keys for nearly any action, making a new network connection with different ID's for different actions, this also creates new connections to the network on different ports etc. so there are a lot of advantages. The network also encrypts all traffic and creates encrypted connections across routers evading any man in the middle attack (uses DHT to retrieve public keys to communicate with known nodes)
The technology itself is very difficult to put in a message such as this so I will keep to this short introduction and let the website and wiki/github allow people to investigate.
I know that there will be questions on the technology but also the company. In my opinion companies can be dangerous if they are 'profit only' driven. So I will try and explain a little about us and the issues we try and resolve. In any case I think as a community we should be grateful of companies, but when they get large venture backing on route to IPO etc. we need to be careful, the profit at all costs strategy is not good for the community. This is a generalisation and not all companies are dangerous, but it's like everything, there needs to be care taken to ensure the company vision matches the communities vision or is at least aligned and beneficial.
Maidsafe Vision
MaidSafe was created to provide privacy security and freedom for all the people of the world. This pretty much sums it up. In doing so it has created a system that uses cryptography to provide a very secure and private system allowing people freedom to communicate, transact and importantly move mankind forward through innovation, logic and fact. I also think this network is completely aligned with a natural system as opposed to the intermediary type networks we currently have. I do not think any human should trust a company with their data, ever! This brings me to a very important point, we are a company.
Maidsafe the company
MaidSafe is a very unusual company, it's private, funded by friends family and recently some investors closer to angel type investment. The founder gave away all his shares (80% of the business) to a foundation for innovation and education (50%) and a staff scheme (30%). The company has always stated investors should get a great return (we could not have done it without them) but it should not be unlimited. We intend that the foundation and staff hold all equity after investors are paid. There will be an explanatory video on the website soon, it should have already been published but we had some internal issues to address first. That will explain all. We were the first 'fab lab' in Scotland (currently closed again till we launch proper) and host the Chernobyl kids for a few days every year, this part of the business probably explains more than I could here, but the intention is that we innovate or die. We promote staff starting up, even in competition, we believe if others can do better they should and we will help if we can. Most importantly we believe that payment for an innovation is required, but continuous payment is counter productive. to be continuously paid we know we have to come up with newer products and not stifle any other business. As products pay the investors they should become under the ownership of the people completely.
In terms of the MaidSafe network we have always promoted that as 'your network' and we strongly feel it's important the ownership is not MaidSafe's but the peoples, this is perhaps the most difficult thing to explain, but vital to get across. The GPL helps but not completely I feel (don't want to get into gpl/bsd arguments either :-) ), but I know that projects such as this cannot be under the roof of any company or conglomerate.
MaidSafe Patents
Yes we have patents and many in the pipeline. We have done this to protect the network though from large companies who may steal the system, embed it and take the market. We have done a lot to ensure that anyone can use our tech at any time for any reason and never be prevented (the single most important issue for me personally is that we never ever prevent innovation). If people make revenue from the code by selling it or services then there is a payment (1%) in place. This should tend to zero as investors are paid back though. The patents are owned by the foundation and licensed back to Maidsafe, in case of company failure then the technology should always be protected in this manner. The day our portfolio is ended will be a great day for me, until then I am glad to have them for the sake of everyone involved.
What are we looking for ?
quite simply I would love to be able to get all the facts across about the network and how it can help society. The last seven years have been very tough, raising over £2Million in Scotland is not easy and ensuring we maintain our vision and integrity is also a battle at times. To get to a position of self sustainability is critical to allow the network to flourish and people to benefit. At the same time the crypto currencies time has come, as in nature when evolution fails we try something different and this is an obvious area where the status quo is not going to happen. So all of this comes together and we are in the position to help, but we are a very small team that's continually underfunded and massively overworked. Patches welcomed is an understatement :-)
I think the bitcoin community can benefit from us as well as us benefiting from them and we can shake this world. I work every day all day to make that happen and now think it's time to reach out and gather some support and get it done. I am keen to help out and answer any questions that I am sure this message will create.
Thanks for reading this far
David Irvine
tl;dr
This is an autonomous network, that could provide people with secure storage and communications as well as distribute the blockchain in a manner that would be very scalable and private as well as ensuring bitcoin nodes are plentiful and always on line. The workload should not be underestimated though as this is pretty complex and will require testnet testing on a large scale.
I am looking for feedback and mostly development/testing assistance to finalise the project and get the whole thing up and tested on a large scale test with dedicated and capable early adopters.
www.maidsafe.net (overview video)
https://github.com/maidsafe/MaidSafe-Vault/wiki (the crux and code ;-)
submitted by dirvine to Bitcoin [link] [comments]

How to Buy Bitcoin Vault (BTCV) on Coineal - Bitcoin Vault ... Gold vs Bitcoin: Vault Storage Costs & Comparison to ... #300 EZB Bitcoin Regulierungsabsage, Crypto Cold Storage ... Storage Hunters 101 - Clutter Vault auctions! - Buying ... LIVE VAULT AUCTION! Bought 8 lots - it's SO MUCH STUFF ...

Because of bitcoin's useful properties as a medium of exchange, demand is growing or at least staying the same. Fixed supply and growing demand implies a growing price. Store of value . Bitcoin has useful properties to make it a good store of value. It has been described as a "swiss bank account in your pocket". Cannot be debased. Limited to 21 million coins only. No storage cost. Bitcoins ... Bitcoin: The Road to the Financial Mainstream Infographic . Bitcoin: The Road To The Financial Mainstream ELLIPTIC October 2008 Bitcoin is born "Bitcoin: A Peer-to-Peer Electronic Cash System," is published by Satoshi Nakamoto. May 2010 March 2013 August 2013 The first Bitcoin purchase US Financial Crimes Enforcement Network Bitcoin market capitalisation reaches $1 billion 10,000 bitcoins for ... New and used Bitcoin Wallet items up for sale. Buy and sell Bitcoin Wallet products on FindTarget Auctions online auction site. The StorageVault Canada Inc's Investor Relation website contains information about the company, financials, corporate governance, news and more. The Coin Vault, The Longest Running Coin Show on TV! Recently Aired. 2020 S Proof Silver Eagle NGC PF69 Ultra Cameo First Day Issue Trump White House Core. Item# 125474. Available! Price: $129.98. Quantity Add to Cart Add to Wishlist 1954-D Franklin Half Dollar PCGS MS-64 FBL. Item# 050282 . Sold Out! Price: $49.95. 2013 (S) Struck at S.F. Silver Eagle NGC GEM BU Early Production Burgundy ...

[index] [32694] [43479] [51218] [31391] [10058] [14319] [25788] [22605] [48418] [10840]

How to Buy Bitcoin Vault (BTCV) on Coineal - Bitcoin Vault ...

Gold/Silver vs Bitcoin/Crypto: Vault Storage Costs & Comparison Bitcoin & crypto on a hardware wallet is infinitely more accessible for trading than gold or ... I haven't been to many of these vault auctions, held at a moving & storage companies. This one was about an hour from home, so I loaded up the family and hit... A step by step guide on how buy Bitcoin Vault (BTCV) on Coineal exchange. Bitcoin Vault - A higher standard in security www.bitcoinvault.global Telegram: htt... This is a secret Swiss mountain bunker where millionaires stash their bitcoins. SUBSCRIBE: https://goo.gl/kdDpXu It can survive a nuclear blast and an EMP bo... I Bought a $1,400 RANGE ROVER at Auction with MYSTERY Mechanical Damage SIGHT UNSEEN! - Duration: 21:54. Samcrac Recommended for you. 21:54. Binance СЕО: Bitcoin price prediction & Givе Awaу ...

#