Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS20.89%
Net Worth
0.546USD
STEEM
0.000STEEM
SBD
0.249SBD
Own SP
7.819SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
7.819SP
Delegated Out
0.000SP
Delegation In
0.000SP
Effective Power
7.819SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.249SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
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  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "12732.141157 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "sbd_balance": "0.249 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namearphy
id35225
rank147,988
reputation6323919779
created2016-07-25T20:49:15
recovery_accountsteem
proxyNone
post_count12
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2016-12-01T02:15:15
last_root_post2016-12-01T02:15:15
last_vote_time2016-12-01T02:15:15
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power9,950
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.249 SBD
savings_sbd_balance0.000 SBD
vesting_shares12732.141157 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update2018-12-12T01:49:45
last_account_update2018-12-12T01:49:45
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
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  "can_vote": true,
  "comment_count": 0,
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  "curation_rewards": 0,
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  "downvote_manabar": {
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  "last_root_post": "2016-12-01T02:15:15",
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  "lifetime_vote_count": 0,
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  "mined": false,
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  "next_vesting_withdrawal": "1969-12-31T23:59:59",
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  "pending_claimed_accounts": 0,
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  "posting_json_metadata": "",
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  "proxied_vsf_votes": [
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  "proxy": "",
  "received_vesting_shares": "0.000000 VESTS",
  "recovery_account": "steem",
  "reputation": "6323919779",
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  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_seconds": "0",
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  "savings_withdraw_requests": 0,
  "sbd_balance": "0.249 SBD",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "2016-07-28T11:01:06",
  "tags_usage": [],
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  "transfer_history": [],
  "vesting_balance": "0.000 STEEM",
  "vesting_shares": "12732.141157 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "vote_history": [],
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  "voting_power": 9950,
  "withdraw_routes": 0,
  "withdrawn": 0,
  "witness_votes": [],
  "witnesses_voted_for": 0,
  "rank": 147988
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
2019/07/25 22:56:24
authorsteemitboard
bodyCongratulations @arphy! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@arphy/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@arphy) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=arphy)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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parent authorarphy
parent permlinkholy-bitcoin-mother-of-blockchain
permlinksteemitboard-notify-arphy-20190725t225623000z
title
Transaction InfoBlock #34983394/Trx 88bff0b2e06a87a2e8c1ac042d23deec480a3c31
View Raw JSON Data
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  "op": [
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      "author": "steemitboard",
      "body": "Congratulations @arphy! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@arphy/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@arphy) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=arphy)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
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arphyupdated their account properties
2018/12/12 01:49:45
accountarphy
active{"account_auths":[],"key_auths":[["STM8VyBvUhLobKJhiHQZaxNC5BWGGTiXBHT3qZXK2dfAiqkoPDgSn",1]],"weight_threshold":1}
json metadata
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Transaction InfoBlock #28485727/Trx 2ab092eb7b274686c1d4a5f2e271d93d1f34cd66
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2017/12/24 21:54:42
authorkubak
bodyThank you for sharing your thoughts. Interesting statistics of the application Mr. Bodek.
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parent authorarphy
parent permlinkon-lean-and-continuous-improvement
permlinkre-arphy-on-lean-and-continuous-improvement-20171224t215443491z
title
Transaction InfoBlock #18377570/Trx 938bc21da5cad75c1562155f01c2ca959a597261
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2016/12/01 11:30:15
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
voterstephenkendal
weight10000 (100.00%)
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2016/12/01 07:26:33
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
voternaquoya
weight10000 (100.00%)
Transaction InfoBlock #7199421/Trx 4107191325230d6e5df38b091eb36757363840ea
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2016/12/01 06:08:27
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
votersvamiva
weight2000 (20.00%)
Transaction InfoBlock #7197860/Trx 50002ace8e8f9870c2a98dca8d546ee64a78812e
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2016/12/01 03:37:39
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
voterjlufer
weight10000 (100.00%)
Transaction InfoBlock #7194850/Trx 2deb1417589a76cc1df8e9b2588727332f291ee1
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2016/12/01 03:16:42
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
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weight10000 (100.00%)
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2016/12/01 02:29:51
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
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2016/12/01 02:25:21
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
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2016/12/01 02:17:03
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
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2016/12/01 02:16:15
authortwitterbot
body### ![CashlessW](https://pbs.twimg.com/profile_images/677486779818188800/E2WaSgFx_normal.png) **[Cashless World](https://twitter.com/@CashlessW/status/796366701537464320)** tweeted @ 09 Nov 2016 - 14:59 UTC > [#blockchain](https://twitter.com/search?q=%23blockchain) hot panel with @jonmatonis @IBMcloud @paymium bitcoinassociation.be @KBC_BE https://t.co/a3TgSOdOev ###### *Disclaimer: I am just a bot trying to be helpful.*
json metadata
parent authorarphy
parent permlinkholy-bitcoin-mother-of-blockchain
permlinkre-holy-bitcoin-mother-of-blockchain-20161201t021613
title
Transaction InfoBlock #7193225/Trx aec7223bed16c01ed410f3d7a00793ec95ea0f4d
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      "body": "### ![CashlessW](https://pbs.twimg.com/profile_images/677486779818188800/E2WaSgFx_normal.png) **[Cashless World](https://twitter.com/@CashlessW/status/796366701537464320)** tweeted @ 09 Nov 2016 - 14:59 UTC\n\n> [#blockchain](https://twitter.com/search?q=%23blockchain) hot panel with @jonmatonis @IBMcloud @paymium  bitcoinassociation.be @KBC_BE https://t.co/a3TgSOdOev\n\n\n###### *Disclaimer: I am just a bot trying to be helpful.*",
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2016/12/01 02:15:39
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
voterwalhallo777
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2016/12/01 02:15:15
authorarphy
permlinkholy-bitcoin-mother-of-blockchain
voterarphy
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2016/12/01 02:15:15
authorarphy
body<html> <p>For reasons unknown to me, I was invited to the "<a href="http://www.cashless-world.com/">Cashless World</a>" blockchain panel. The tagline had a promising and pleasant ring : "Blockchain, separating hype from reality". As I’m always in for some discussion, <a href="https://twitter.com/CashlessW/status/796366701537464320/photo/1?ref_src=twsrc%5etfw">you could find me there</a> during that rainy evening, on a long table, next to bitcoin-aficionado's and someone from IBM. &nbsp;The discussion/debate turned out to be quite hefty… While I do everything there is possible with bitcoin (hold, trade, mine, host a node) myself, I still consider myself in touch with reality. To some however, bitcoin became nothing short of a Religion, in which this Magical Coin is the <em>nec plus ultra</em>. Let's go through some points these Holy Warriors postulated to promote Bitcoin as the new Messiah.&nbsp;</p> <h1>Bitcoin provides an identity</h1> <p>Often I hear the claim that the bitcoin blockchain gives people an identity. Projects like onename.com even built on the bitcoin blockchain to establish a “proven” identity. &nbsp;Now, a colleague asked me if a two year old could trade bitcoin. I said "yes". "But he's not allowed to do that", she added. "I know", I replied, "but the bitcoin blockchain doesn't know". &nbsp;The bitcoin blockchain doesn't give you an identity that is usable in the real world. It merely offers you a portal to "internet funnymoney". Identity goes far beyond that, it's one of the core concepts of Law. &nbsp;The bitcoin blockchain only provides proof of existence of a wallet at the moment a payment is made from that wallet. Wow. That’s a lot? &nbsp;1. Every payment has to be made from a wallet with coins. Of that we are sure: an address that sends bitcoin, exists. 2. You can pay to any hash (or to “1BitcoinEaterAddressDontSendf59kuE”), only when a private key exists, the coins can be claimed. There is no way of knowing if someone has access, unless when (1) happens. 3. A wallet exists, but it could be created through a computer program, the owner could have several wallets, the owner could have lost his key, the owner could have given away his key, it could be inherited (or stolen),… There is no 1 to 1 relation between a wallet and its creator. Identity on the blockchain? O RLY?&nbsp;</p> <h1>Bitcoin is the/a solution for the unbanked</h1> <p>Bitcoin is put forth as the solution for the unbanked, as you only need a mobile and internet access to use it. However, a bitcoin core developer already (jokingly) said that bitcoin would have wide adoption if everyone would have a degree in applied informatics. Financial illiteracy is not going to disappear after installing an app. Technology doesn't replace knowledge, advice, liability. Things a financial institution is often obliged to offer. &nbsp;Furthermore, one could argue that having a bitcoin account still keeps you "unbanked". There's merely an account with an intermediary coin on your mobile. You're still not related to a bank and all the additional services a bank is able to provide. Last but not least, using bitcoin increases the dependency of the unbanked on the banked. Or where do you think the miners, nodes, developers are located? Amongst the unbanked? &nbsp;</p> <h1>Bitcoin replaces financial institutions</h1> <p>The bitcoin whitepaper of Satoshi Nakamoto clearly states it's a way of paying peer to peer without going through financial institutions. While handling payments is an important tasks for a bank, a lot more happens in those huge, thick buildings. &nbsp;We're providing insurance. Loans. Shares. Safeguard your gold. Finance companies. Support communities. Assess risks. Cover liabilities. Facilitate trade. A lot of activities way beyond the bitcoin. &nbsp;People rely on financial institutions because they trust these companies to at least hold the value of the money they deposit. Bitcoin remains a volatile coin. It rather replaces a high risk investment than a financial institution.&nbsp;</p> <h1>Bitcoin blockchain is the only safe distributed ledger</h1> <p>Let's start with the truth: the bitcoin blockchain is very secure. This amount of security translates in an enormous consumption of electricity, used to create calculation power in the miners. Due to its public character, securing the bitcoin blockchain is of the highest importance. It's open for attack all the time… but surely, in theory, well fenced. Now, most of the power to protect the bitcoin blockchain is located in China. The miners are produced there, labour is cheap and energy for free. <a href="https://www.cryptocoinsnews.com/chinese-bitcoin-miners-hold-energy-conference/">With over 80% of the hashing power</a> located in one country, one has to trust the Chinese mining companies to not collaborate and rewrite history. If they do… we won't even see it. Lovely. &nbsp;Financial institutions, with all the regulations they’re facing, tend to setup private and permissioned blockchains. This means the blockchain node is located behind the company firewall and connected through secured channels with other financial institutions. That's private, or rather consortium as they call it nowadays. Setting up a blockchain for own use, is futile. &nbsp;In these private system, we'll set up a rules based engagement system with a central steering party. That's called permissioned. Wouldn't that be a lot safer, less prone to errors, etc? We’ll of course back it up with legally binding documents to ensure we have a responsible party in case of calamities. &nbsp;</p> <h1>Bitcoin blockchain is all you need for business</h1> <p>As there is no (or little) legal liability in the bitcoin blockchain ecosystem, it's rather impossible to organize large scale business to business deals on it. The "What if…" scenario has no clear ending. Bitcoin of course offers a purpose for business, several shops accept it as payment, left and right some ATM’s appeared,… Focus is on urging bitcoin hoarding consumers to start spending. Reversing the question (i.e. does business offers a purpose for bitcoin?) seems to yield a different reaction. When you trade a bitcoin, the only thing you can be sure of, is the actual asset/value being traded. Take for example a company A that sends another company B a bitcoin: as soon as the transaction is confirmed, A has one bitcoin less and B has one more. The transfer is settled immediately. &nbsp;Now assume A sells 1000 barrels of oil to B and adds this as a message to the transfer on one bitcoin (the so called "colored coin"). As a result… A has one bitcoin less, B has one more. That's the only thing they can be certain of. Furthermore, B has high hopes A actually has 1000 barrels of oil or… there would be no business deal. &nbsp;The downside of using an asset based transfer of value, is that only the transferred asset holds value. Insofar that bitcoin is used as a mean of payment between two parties, it does an excellent job (outside legal bounds). If other assets are tokenized and replaced by a satoshi and a message… you’re actually trusting your trading partner rather than the blockchain technology. Ouch?&nbsp;</p> <h1>Conclusion</h1> <p>Yes – bitcoin has value (it even has been rather constant around the 725$ mark for some time now). As by far the oldest public blockchain, it delivers a tremendous support to distributed ledger technology principles and working. But unlike a deity, it does have shortcomings. &nbsp;“Faith must be enforced by reason. When faith becomes blind, it dies” (Mahatma Ghandi). Amen. &nbsp;</p> </html>
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      "body": "<html>\n<p>For reasons unknown to me, I was invited to the \"<a href=\"http://www.cashless-world.com/\">Cashless World</a>\" blockchain panel. The tagline had a promising and pleasant ring : \"Blockchain, separating hype from reality\". As I’m always in for some discussion, <a href=\"https://twitter.com/CashlessW/status/796366701537464320/photo/1?ref_src=twsrc%5etfw\">you could find me there</a> during that rainy evening, on a long table, next to bitcoin-aficionado's and someone from IBM. &nbsp;The discussion/debate turned out to be quite hefty… While I do everything there is possible with bitcoin (hold, trade, mine, host a node) myself, I still consider myself in touch with reality. To some however, bitcoin became nothing short of a Religion, in which this Magical Coin is the <em>nec plus ultra</em>. Let's go through some points these Holy Warriors postulated to promote Bitcoin as the new Messiah.&nbsp;</p>\n<h1>Bitcoin provides an identity</h1>\n<p>Often I hear the claim that the bitcoin blockchain gives people an identity. Projects like onename.com even built on the bitcoin blockchain to establish a “proven” identity. &nbsp;Now, a colleague asked me if a two year old could trade bitcoin. I said \"yes\". \"But he's not allowed to do that\", she added. \"I know\", I replied, \"but the bitcoin blockchain doesn't know\". &nbsp;The bitcoin blockchain doesn't give you an identity that is usable in the real world. It merely offers you a portal to \"internet funnymoney\". Identity goes far beyond that, it's one of the core concepts of Law. &nbsp;The bitcoin blockchain only provides proof of existence of a wallet at the moment a payment is made from that wallet. Wow. That’s a lot? &nbsp;1. Every payment has to be made from a wallet with coins. Of that we are sure: an address that sends bitcoin, exists. 2. You can pay to any hash (or to “1BitcoinEaterAddressDontSendf59kuE”), only when a private key exists, the coins can be claimed. There is no way of knowing if someone has access, unless when (1) happens. 3. A wallet exists, but it could be created through a computer program, the owner could have several wallets, the owner could have lost his key, the owner could have given away his key, it could be inherited (or stolen),… There is no 1 to 1 relation between a wallet and its creator. Identity on the blockchain? O RLY?&nbsp;</p>\n<h1>Bitcoin is the/a solution for the unbanked</h1>\n<p>Bitcoin is put forth as the solution for the unbanked, as you only need a mobile and internet access to use it. However, a bitcoin core developer already (jokingly) said that bitcoin would have wide adoption if everyone would have a degree in applied informatics. Financial illiteracy is not going to disappear after installing an app. Technology doesn't replace knowledge, advice, liability. Things a financial institution is often obliged to offer. &nbsp;Furthermore, one could argue that having a bitcoin account still keeps you \"unbanked\". There's merely an account with an intermediary coin on your mobile. You're still not related to a bank and all the additional services a bank is able to provide. Last but not least, using bitcoin increases the dependency of the unbanked on the banked. Or where do you think the miners, nodes, developers are located? Amongst the unbanked? &nbsp;</p>\n<h1>Bitcoin replaces financial institutions</h1>\n<p>The bitcoin whitepaper of Satoshi Nakamoto clearly states it's a way of paying peer to peer without going through financial institutions. While handling payments is an important tasks for a bank, a lot more happens in those huge, thick buildings. &nbsp;We're providing insurance. Loans. Shares. Safeguard your gold. Finance companies. Support communities. Assess risks. Cover liabilities. Facilitate trade. A lot of activities way beyond the bitcoin. &nbsp;People rely on financial institutions because they trust these companies to at least hold the value of the money they deposit. Bitcoin remains a volatile coin. It rather replaces a high risk investment than a financial institution.&nbsp;</p>\n<h1>Bitcoin blockchain is the only safe distributed ledger</h1>\n<p>Let's start with the truth: the bitcoin blockchain is very secure. This amount of security translates in an enormous consumption of electricity, used to create calculation power in the miners. Due to its public character, securing the bitcoin blockchain is of the highest importance. It's open for attack all the time… but surely, in theory, well fenced. Now, most of the power to protect the bitcoin blockchain is located in China. The miners are produced there, labour is cheap and energy for free. <a href=\"https://www.cryptocoinsnews.com/chinese-bitcoin-miners-hold-energy-conference/\">With over 80% of the hashing power</a> located in one country, one has to trust the Chinese mining companies to not collaborate and rewrite history. If they do… we won't even see it. Lovely. &nbsp;Financial institutions, with all the regulations they’re facing, tend to setup private and permissioned blockchains. This means the blockchain node is located behind the company firewall and connected through secured channels with other financial institutions. That's private, or rather consortium as they call it nowadays. Setting up a blockchain for own use, is futile. &nbsp;In these private system, we'll set up a rules based engagement system with a central steering party. That's called permissioned. Wouldn't that be a lot safer, less prone to errors, etc? We’ll of course back it up with legally binding documents to ensure we have a responsible party in case of calamities. &nbsp;</p>\n<h1>Bitcoin blockchain is all you need for business</h1>\n<p>As there is no (or little) legal liability in the bitcoin blockchain ecosystem, it's rather impossible to organize large scale business to business deals on it. The \"What if…\" scenario has no clear ending. Bitcoin of course offers a purpose for business, several shops accept it as payment, left and right some ATM’s appeared,… Focus is on urging bitcoin hoarding consumers to start spending. Reversing the question (i.e. does business offers a purpose for bitcoin?) seems to yield a different reaction. When you trade a bitcoin, the only thing you can be sure of, is the actual asset/value being traded. Take for example a company A that sends another company B a bitcoin: as soon as the transaction is confirmed, A has one bitcoin less and B has one more. The transfer is settled immediately. &nbsp;Now assume A sells 1000 barrels of oil to B and adds this as a message to the transfer on one bitcoin (the so called \"colored coin\"). As a result… A has one bitcoin less, B has one more. That's the only thing they can be certain of. Furthermore, B has high hopes A actually has 1000 barrels of oil or… there would be no business deal. &nbsp;The downside of using an asset based transfer of value, is that only the transferred asset holds value. Insofar that bitcoin is used as a mean of payment between two parties, it does an excellent job (outside legal bounds). If other assets are tokenized and replaced by a satoshi and a message… you’re actually trusting your trading partner rather than the blockchain technology. Ouch?&nbsp;</p>\n<h1>Conclusion</h1>\n<p>Yes – bitcoin has value (it even has been rather constant around the 725$ mark for some time now). As by far the oldest public blockchain, it delivers a tremendous support to distributed ledger technology principles and working. But unlike a deity, it does have shortcomings. &nbsp;“Faith must be enforced by reason. When faith becomes blind, it dies” (Mahatma Ghandi). Amen. &nbsp;</p>\n</html>",
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2016/10/09 15:58:15
authorarphy
bodySome proof might be required ;)
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2016/10/09 12:19:24
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2016/10/09 12:18:15
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2016/10/09 12:16:09
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2016/10/09 12:13:39
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2016/10/09 12:06:15
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2016/10/09 11:54:33
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2016/10/09 11:50:51
authorigor-polennikov
bodyHi, my name is Vladimir. Vladimir Putin)
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2016/10/09 11:50:00
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2016/10/09 11:47:33
authorarphy
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2016/10/09 11:46:33
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2016/10/09 11:46:33
authorarphy
body<html> <h2>And I am, whatever you say I am (Eminem)</h2> <p>Identity is a key legal aspect, next to property. As such, it's of course also a key aspect of your daily life. You have an ID card, a driver's license, a badge from your employer, a bank card,... a whole slew of items to proof who you are, or, as some defend: <strong>sufficient evidence to avoid being denied your identity</strong>.&nbsp;</p> <p>These documents are issued by <strong>trusted third parties</strong>, usually a government or an institution which has to verify your identity (which often results in checking the genuine origin of the documents you already have).&nbsp;</p> <p>Now, the blockchain itself has <strong>quite an issue with "trusted third parties"</strong>. In our own little context it might make sense, but what's the value of an ID in Syria? Angola? North-Korea? What if multiple governments claim to be "legal"? &nbsp;</p> <h2>Trust - a rational emotion</h2> <p>It all boils down to the amount of <strong>trust you can have in the provided proof of an identity and its issuer.</strong> I can print my own visit card with "Barack Obama". I could open a twitter account for "realBarackObama". Maybe I can grab his Whitehouse badge...&nbsp;</p> <p>It might get me somewhere in Belgium, but I doubt the impact in America. Perhaps gathering some fake evidence could work... but as soon as someone asks for an ID card, I'm busted. &nbsp;</p> <p>Did you know there's a limit to the amount of people you're able to trust? Research revealed it's around 120 people, the size of a tribe in prehistoric days (and of a centurio in Roman warfare, etc). Our brain seems to have a hardlimit just above 100.</p> <p>Trust is not a binary something, it's the result of a complex process that combines <strong>all kinds of info into one emotion</strong>. How much do you trust me to be Barack Obama, on a scale of 0 to Prez?&nbsp;</p> <h2>The bitcoin blockchain solution</h2> <p>The bitcoin blockchain solved the trust problem - there is no central party to issue an identity - as follows: <strong>everyone issues his/her own identity</strong>. You create your wallet, your private &amp; public key and... you're set. Ready to be a unique, identifiable player in the bitcoin network.&nbsp;</p> <p>The downside of this solution is of course that people can make several accounts and try to hide behind these. The<strong> (almost) anonymous identity </strong>on the blockchain is seen as an essential element, while it also causes issues.&nbsp;</p> <h2>Identity on a ledger</h2> <p>Financial institutions (FI) are of course not so keen of "pseudonymous" (= almost anonymous) identities exchanging money. That's why a whole lot of effort is put into building an online verified and verifiable identity on a (private permissioned) distributed ledger. &nbsp;Identity is even considered the new gold... but this time it's really hard to dig it up.&nbsp;</p> <p>I think we're still looking for a solution. I'll give two approaches on how to handle it:&nbsp;</p> <ul> <li>For a FinTech hub, I pitched an idea to <strong>bring the result of a KYC process back to the customers</strong>. As FI, we publish on the users page the <strong>hashes </strong>of the documents we used to check their identity. That means we don't disclose the information but only the unique fingerprint. The more the document is reused, the more companies validate the same hash. <br> Now, we're obliged to do KYC, so let's trust the result of our procedure. But... <strong>how is the user page created</strong>? Who ensures that a user creates a page for himself?<br> At a recent conference, I asked this question on a team of banks who just presented their ID solution. Their (imho astonishing) reply "we left that out of scope".&nbsp;</li> <li>A Belgian city has a project in which t<strong>hey rebuilt society after an apocalyptic event</strong>, using blockchain technology. In their system, your identity on the blockchain is <strong>validated by your peers</strong>. That means the more friends you have, the stronger the evidence becomes that you are who you are. <br> The loophole in their system: someone has to be the first person, the only one that didn't have anyone approving his/her identity. If this person has no trust... the entire system fails.<br> The assumption of the project team was that they would survive the apocalyptic event and start their identity program.&nbsp;</li> </ul> <h2>Adam &amp; Eve</h2> <p>It all boils down to the Adam &amp; Eve problem (ah well, it's how I call it): <strong>someone has to be "the first". </strong>Somewhere, some person has to be the first to have an identity without proof on the distributed ledger. There <strong>isn't only a Genesis block, but also a Genesis user</strong>.&nbsp;</p> <p>The identity issue is an endless recursive problem. The bitcoin solution with all its genius doesn't work in a world where identity is key. The downside is that somewhere, someone will be the first (and only) person to place trust in him/herself. *fingers crossed* &nbsp;</p> </html>
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      "body": "<html>\n<h2>And I am, whatever you say I am (Eminem)</h2>\n<p>Identity is a key legal aspect, next to property. As such, it's of course also a key aspect of your daily life. You have an ID card, a driver's license, a badge from your employer, a bank card,... a whole slew of items to proof who you are, or, as some defend: <strong>sufficient evidence to avoid being denied your identity</strong>.&nbsp;</p>\n<p>These documents are issued by <strong>trusted third parties</strong>, usually a government or an institution which has to verify your identity (which often results in checking the genuine origin of the documents you already have).&nbsp;</p>\n<p>Now, the blockchain itself has <strong>quite an issue with \"trusted third parties\"</strong>. In our own little context it might make sense, but what's the value of an ID in Syria? Angola? North-Korea? What if multiple governments claim to be \"legal\"? &nbsp;</p>\n<h2>Trust - a rational emotion</h2>\n<p>It all boils down to the amount of <strong>trust you can have in the provided proof of an identity and its issuer.</strong> I can print my own visit card with \"Barack Obama\". I could open a twitter account for \"realBarackObama\". Maybe I can grab his Whitehouse badge...&nbsp;</p>\n<p>It might get me somewhere in Belgium, but I doubt the impact in America. Perhaps gathering some fake evidence could work... but as soon as someone asks for an ID card, I'm busted. &nbsp;</p>\n<p>Did you know there's a limit to the amount of people you're able to trust? Research revealed it's around 120 people, the size of a tribe in prehistoric days (and of a centurio in Roman warfare, etc). Our brain seems to have a hardlimit just above 100.</p>\n<p>Trust is not a binary something, it's the result of a complex process that combines <strong>all kinds of info into one emotion</strong>. How much do you trust me to be Barack Obama, on a scale of 0 to Prez?&nbsp;</p>\n<h2>The bitcoin blockchain solution</h2>\n<p>The bitcoin blockchain solved the trust problem - there is no central party to issue an identity - as follows: <strong>everyone issues his/her own identity</strong>. You create your wallet, your private &amp; public key and... you're set. Ready to be a unique, identifiable player in the bitcoin network.&nbsp;</p>\n<p>The downside of this solution is of course that people can make several accounts and try to hide behind these. The<strong> (almost) anonymous identity </strong>on the blockchain is seen as an essential element, while it also causes issues.&nbsp;</p>\n<h2>Identity on a ledger</h2>\n<p>Financial institutions (FI) are of course not so keen of \"pseudonymous\" (= almost anonymous) identities exchanging money. That's why a whole lot of effort is put into building an online verified and verifiable identity on a (private permissioned) distributed ledger. &nbsp;Identity is even considered the new gold... but this time it's really hard to dig it up.&nbsp;</p>\n<p>I think we're still looking for a solution. I'll give two approaches on how to handle it:&nbsp;</p>\n<ul>\n  <li>For a FinTech hub, I pitched an idea to <strong>bring the result of a KYC process back to the customers</strong>. As FI, we publish on the users page the <strong>hashes </strong>of the documents we used to check their identity. That means we don't disclose the information but only the unique fingerprint. The more the document is reused, the more companies validate the same hash. <br>\nNow, we're obliged to do KYC, so let's trust the result of our procedure. But... <strong>how is the user page created</strong>? Who ensures that a user creates a page for himself?<br>\nAt a recent conference, I asked this question on a team of banks who just presented their ID solution. Their (imho astonishing) reply \"we left that out of scope\".&nbsp;</li>\n  <li>A Belgian city has a project in which t<strong>hey rebuilt society after an apocalyptic event</strong>, using blockchain technology. In their system, your identity on the blockchain is <strong>validated by your peers</strong>. That means the more friends you have, the stronger the evidence becomes that you are who you are. <br>\nThe loophole in their system: someone has to be the first person, the only one that didn't have anyone approving his/her identity. If this person has no trust... the entire system fails.<br>\nThe assumption of the project team was that they would survive the apocalyptic event and start their identity program.&nbsp;</li>\n</ul>\n<h2>Adam &amp; Eve</h2>\n<p>It all boils down to the Adam &amp; Eve problem (ah well, it's how I call it): <strong>someone has to be \"the first\". </strong>Somewhere, some person has to be the first to have an identity without proof on the distributed ledger. There <strong>isn't only a Genesis block, but also a Genesis user</strong>.&nbsp;</p>\n<p>The identity issue is an endless recursive problem. The bitcoin solution with all its genius doesn't work in a world where identity is key. The downside is that somewhere, someone will be the first (and only) person to place trust in him/herself. *fingers crossed* &nbsp;</p>\n</html>",
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2016/08/20 13:09:06
authoritay
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2016/08/20 13:07:06
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2016/08/09 03:22:45
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2016/08/09 03:00:39
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2016/08/09 02:38:24
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2016/08/09 02:38:24
authorarphy
body<a target='_BLANK' href='https://ipfs.pics/QmUEYtGPazbH8PNw6L5WoR3V64XftaGiZPEDzp3y4gFgQa'><img src='https://ipfs.pics/ipfs/QmUEYtGPazbH8PNw6L5WoR3V64XftaGiZPEDzp3y4gFgQa'/></a> It looks like virtual heists will be the next big thing after Pokémon Go. You should have heard about "The DAO hack", now there is **BitFinex** where almost 120.000 bitcoins disappeared. The bitcoin lost 20% of its value since the BitFinex issue appeared. Last week, it became frontpage news in mainstream newspapers. Some people - I do understand their concern - contact me, wondering if this is the virtual bankruptcy of blockchain endeavours of financial institutions. A valid reason to detail **why the financial world… doesn't care**. "The **transactions** of the **cryptocurrency** bitcoin are stored on a **permissionless** **public** ledger: the **Blockchain**." The 5 bold blue words clarify my bold statement. ### Transactions The blockchain only stores transactions. These transactions are propagated to the blockchain by other software. Wallets, exchanges like BitFinex, … are interfaces people use to trade bitcoin. If there's an **error in the software** or when someone steals passwords, **unwanted transactions** will be stored on the blockchain. Technology is neutral on that account: **the blockchain doesn't read intentions**, it merely stores what is offered. And this storage has not been compromised up to now. The blockchain is not "hacked", it is one layer up where things get ugly. This discussion is very similar to Daesh (ISIS) using encrypted email. Email as technology is not bad, the intention of the mail sender is. ### Cryptocurrency As a cryptocurrency, a bitcoin holds a value. Even the smallest 100 millionth piece of a bitcoin, holds value. When used as a token rather than as a currency, it still holds value. Over the past years, this value turned out to be volatile. **Financial institutions simply refuse to depend on a cost that can't estimated**... and the European Central Bank insisted on keeping cryptocurrencies of the balance sheets. That might have had some impact too :) Financial institutions stay away as far as possible from anything that requires the use something of unpredictable value in high volume transactions. If a currency will be used, it's because it is created by financial institutions or because it's issued by a Central Bank. ### Permissionless The bitcoin blockchain is permissionless. Anyone can join. Anyone can do what (s)he wants, within the limits of the bitcoin protocol. **Anyone can offer a service/software that interacts with the bitcoin blockchain**. Financial institutions are not so fond of "everyone can do stuff" things. Their aim is to create permissioned systems, with **legally binding agreements on who can do what**. There is explicit permission required to join the system, which means they know who's interacting with their blockchain. ### Public Furthermore, the bitcoin blockchain is public. Literally everyone can see what's going on (take a look at https://blockchain.info/), literally everyone can start a business. **If everyone can use it, no one is responsible**. We all know the shared cow is often milked but seldom fed. There is no liability on the blockchain: you make your own wallet, you interact with other people. Actors on the blockchain are faceless, pseudonymous (almost anonymous). To quote the Ghostbusters: "If there's something weird and it doesn't look good. Who you gonna call?" Financial institutions are looking into **private blockchains** – they're not exposed to everyone. It doesn't imply that a financial institution is setting up their blockchain in their basement, "private" merely means that only people or organisations that are allowed will be able to use the blockchain. ### Blockchain The bitcoin blockchain is **old technology**. It goes back to 2008 and is actually quite limited. Financial institutions are rarely/not at all looking at the bitcoin blockchain but at other blockchains, built upon the same technology but solving the child's diseases of the bitcoin blockchain (and usually with a better reputation as well). What happens on the bitcoin blockchain, shifting some coins back and forth, stays on the bitcoin blockchain. With homemade **distributed ledger technology** (the overarching term) like Corda, so much more is possible. Ethereum with its smart contracts, Ripple with its payments focus, Eris Industries, Multichain, OpenChain, BigChainDB,... the options and possibilities are nearly endless and so much richer in options and functionality than the bitcoin blockchain. **Conclusion**: I do of course feel sorry for the personal losses occurred through the BitFinex "hack" (probably an inside job, no). It in fact supports the case of financial institutions working on distributed ledger technology: **trust your bank, they ought to do better**.
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      "author": "arphy",
      "body": "<a target='_BLANK' href='https://ipfs.pics/QmUEYtGPazbH8PNw6L5WoR3V64XftaGiZPEDzp3y4gFgQa'><img src='https://ipfs.pics/ipfs/QmUEYtGPazbH8PNw6L5WoR3V64XftaGiZPEDzp3y4gFgQa'/></a>\n\nIt looks like virtual heists will be the next big thing after Pokémon Go. You should have heard about \"The DAO hack\", now there is **BitFinex** where almost 120.000 bitcoins disappeared. \nThe bitcoin lost 20% of its value since the BitFinex issue appeared. Last week, it became frontpage news in mainstream newspapers. Some people - I do understand their concern - contact me, wondering if this is the virtual bankruptcy of blockchain endeavours of financial institutions. \nA valid reason to detail **why the financial world… doesn't care**.\n \n\"The **transactions** of the **cryptocurrency** bitcoin are stored on a **permissionless** **public** ledger: the **Blockchain**.\" The 5 bold blue words clarify my bold statement.\n\n### Transactions\nThe blockchain only stores transactions. These transactions are propagated to the blockchain by other software. Wallets, exchanges like BitFinex, … are interfaces people use to trade bitcoin. If there's an **error in the software** or when someone steals passwords, **unwanted transactions** will be stored on the blockchain. \n\nTechnology is neutral on that account: **the blockchain doesn't read intentions**, it merely stores what is offered. And this storage has not been compromised up to now. The blockchain is not \"hacked\", it is one layer up where things get ugly.\n\nThis discussion is very similar to Daesh (ISIS) using encrypted email. Email as technology is not bad, the intention of the mail sender is. \n\n### Cryptocurrency\nAs a cryptocurrency, a bitcoin holds a value. Even the smallest 100 millionth piece of a bitcoin, holds value. When used as a token rather than as a currency, it still holds value. Over the past years, this value turned out to be volatile. **Financial institutions simply refuse to depend on a cost that can't estimated**... and the European Central Bank insisted on keeping cryptocurrencies of the balance sheets. That might have had some impact too :)\n \nFinancial institutions stay away as far as possible from anything that requires the use something of unpredictable value in high volume transactions. If a currency will be used, it's because it is created by financial institutions or because it's issued by a Central Bank.\n\n### Permissionless\nThe bitcoin blockchain is permissionless. Anyone can join. Anyone can do what (s)he wants, within the limits of the bitcoin protocol. **Anyone can offer a service/software that interacts with the bitcoin blockchain**.  \n\nFinancial institutions are not so fond of \"everyone can do stuff\" things. Their aim is to create permissioned systems, with **legally binding agreements on who can do what**. There is explicit permission required to join the system, which means they know who's interacting with their blockchain.\n\n### Public\nFurthermore, the bitcoin blockchain is public. Literally everyone can see what's going on (take a look at https://blockchain.info/), literally everyone can start a business. **If everyone can use it, no one is responsible**. We all know the shared cow is often milked but seldom fed. \n\nThere is no liability on the blockchain: you make your own wallet, you interact with other people. Actors on the blockchain are faceless, pseudonymous (almost anonymous). \n\nTo quote the Ghostbusters: \"If there's something weird and it doesn't look good. Who you gonna call?\" Financial institutions are looking into **private blockchains** – they're not exposed to everyone. It doesn't imply that a financial institution is setting up their blockchain in their basement, \"private\" merely means that only people or organisations that are allowed will be able to use the blockchain.\n\n### Blockchain\nThe bitcoin blockchain is **old technology**. It goes back to 2008 and is actually quite limited. Financial institutions are rarely/not at all looking at the bitcoin blockchain but at other blockchains, built upon the same technology but solving the child's diseases of the bitcoin blockchain (and usually with a better reputation as well).\n\nWhat happens on the bitcoin blockchain, shifting some coins back and forth, stays on the bitcoin blockchain. With homemade **distributed ledger technology** (the overarching term) like Corda, so much more is possible. Ethereum with its smart contracts, Ripple with its payments focus, Eris Industries, Multichain, OpenChain, BigChainDB,... the options and possibilities are nearly endless and so much richer in options and functionality than the bitcoin blockchain.\n \n**Conclusion**: I do of course feel sorry for the personal losses occurred through the BitFinex \"hack\" (probably an inside job, no). It in fact supports the case of financial institutions working on distributed ledger technology: **trust your bank, they ought to do better**.",
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2016/08/02 20:47:12
authorarphy
bodyWhile it sounds like a plus, I'm positive that my story is less scary than theirs :)
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2016/07/31 23:33:12
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2016/07/31 23:26:36
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2016/07/31 23:26:33
authoreleiminer
bodyKeep up the great work @arphy Upvoted
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2016/07/31 23:26:24
authorarphy
bodyThank you, appreciated.
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arphypublished a new post: the-second-halving
2016/07/31 23:25:48
authorarphy
body@@ -1,8 +1,186 @@ +%3Ca target='_BLANK' href='https://ipfs.pics/QmVd5ZbU8Wpmcnpj5N2BtvV9Vhsb624crFur3jPQLXsazh'%3E%3Cimg src='https://ipfs.pics/ipfs/QmVd5ZbU8Wpmcnpj5N2BtvV9Vhsb624crFur3jPQLXsazh'/%3E%3C/a%3E%0A *%22The Se
json metadata{"tags":["bitcoin","blockchain","halving","btc","dlt"],"image":["https://ipfs.pics/ipfs/QmVd5ZbU8Wpmcnpj5N2BtvV9Vhsb624crFur3jPQLXsazh"],"links":["https://ipfs.pics/QmVd5ZbU8Wpmcnpj5N2BtvV9Vhsb624crFur3jPQLXsazh"]}
parent author
parent permlinkbitcoin
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titleThe Second Halving
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2016/07/31 23:24:57
authorarphy
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2016/07/31 23:24:57
authorcrumaner
bodyKeep up the great work @arphy Upvoted
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2016/07/31 23:24:21
authorisaac.asimov
bodyHi! This post has a <a href="https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests">Flesch-Kincaid</a> grade level of 6.2 and reading ease of 78%. This puts the writing level on par with Stephen King and Dan Brown.
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permlinkre-the-second-halving-20160731t232420
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arphyupvoted (100.00%) @arphy / the-second-halving
2016/07/31 23:24:18
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arphypublished a new post: the-second-halving
2016/07/31 23:24:18
authorarphy
body*"The Second Halving"*, I admit it sounds like the next Game of Thrones episode or a new movie from The Hunger Games. Yet - it is far more boring. It is... pure math. And technology. And some exquisite thinking from this still unknown "Satoshi Nakamoto". In short - it is **one of the most important events in the bitcoin protocol**. With The Halving, the amount of bitcoins a miner gains from solving a block, is halved. It will be 12,5 BTC instead of the 25 one can get now (and the 50 one could get until late november 2012). The next Halving will be in almost 4 years, more likely 3.5 years. Wow wow wow - too much mumbo jumbo!! Right - let's tackle this in pieces. ### A miner gains bitcoin? Yes. That's how it works. A miner is not a person, it's a device made to solve mathematical puzzles. It uses (a lot) of electricity and is rewarded with bitcoin when it's the first to solve said puzzle. Then, the miner creates a hash that matches the puzzle, pushes this to the bitcoin network and receives 25, soon 12.5 bitcoin. As this machine is owned by a person, the bitcoins move further to a blockchain wallet. The owner holds the bitcoin or sells it. Mining is the only way to add bitcoin to the blockchain, thus every participant has an incentive to invest more in miners to be the first and reap the benefits. This is intentional: as the bitcoin blockchain is a totally open system, its security is paramount. By involving miners and inviting them to maximize their benefits by adding more hashing power, the blockchain becomes more secure every day (since its conception, it never has been compromised). **Two remarks:** 1. miners usually work in pools where they combine their hashing power (= puzzle speed) to be quicker than everyone else. This returns a steady inflow of smaller amounts rather than 25 BTC once every blue moon; 2. miners evolved from processes that run on the videocard to specialised (yet consumer oriented) hardware like these items from Bitmaintech ; ### Why would someone mine? Well - just look at the price of the bitcoin. If you win a block now, on the 9th of July 2016, you will receive some USD 1625. And that's given away every 10 minutes! So there's a clear financial incentive to mine - this also means that with a lower price, some miners turn off their machines as the price for electricity isn't covered by the BTC's anymore. This risk of course will be hight after The Halving, that's why more and more sites / software add a minimal fee to every transfer (which also goes to the winning miner). Transactions with a higher fee are even processed faster... it's in the interest of the miner to make sure these transactions are in to maximize its profit. Gaming theory... but also sound thinking. ### Why does it take so long to halve again? The Halving happens more or less every 4 years. It depends on difficulty and the amount of blocks generated. Mathematically, a block is made every 10 minutes. However, due to the steep and continuous increase in hashing power (especially in China), the average time between two blocks is around 8 minutes. Over time, this caused the Halving to happen 5 months earlier than planned. But back to the question :) It's defined in the bitcoin protocol to halve every 4 years until 2140. By that time, 21 million bitcoins will be mined. And that's it, it's a closed system defined by technical limitations. Depending on its use, the BTC price might increase as it will become a scarce good. It could also go down when no one uses it anymore. **We will now enter reward era 3.** ### Why is it such an important event? It's important because miners, essential part of the ecosystem and badly needed to secure the blockchain, lose half of their salary. It's like building on a volcano : even when warned upfront, people will still complain about an eruption. The BTC price lost 5% of its value during the halving but recovered already. Expectation is that fees will grow as rewards from miners decrease. Up to now, this hasn't been seen. On the contrary, the fee price was pushed lower and lower until software developers started adding minimal fees. Bitcoin remains a larger marginal way of paying, fueled by a large amount of "crypto-anarchy". The bitcoin blockchain is maintained by a small army of people living by Satoshi's whitepaper: making online payments without going through a financial institution. On the Day of the Halving, this community celebrates.
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      "body": "*\"The Second Halving\"*, I admit it sounds like the next Game of Thrones episode or a new movie from The Hunger Games. Yet - it is far more boring. It is... pure math. And technology. And some exquisite thinking from this still unknown \"Satoshi Nakamoto\".\n\nIn short - it is **one of the most important events in the bitcoin protocol**. With The Halving, the amount of bitcoins a miner gains from solving a block, is halved. It will be 12,5 BTC instead of the 25 one can get now (and the 50 one could get until late november 2012). The next Halving will be in almost 4 years, more likely 3.5 years.\nWow wow wow - too much mumbo jumbo!! Right - let's tackle this in pieces.\n\n### A miner gains bitcoin?\nYes. That's how it works. A miner is not a person, it's a device made to solve mathematical puzzles. It uses (a lot) of electricity and is rewarded with bitcoin when it's the first to solve said puzzle. Then, the miner creates a hash that matches the puzzle, pushes this to the bitcoin network and receives 25, soon 12.5 bitcoin. As this machine is owned by a person, the bitcoins move further to a blockchain wallet. The owner holds the bitcoin or sells it.\n\nMining is the only way to add bitcoin to the blockchain, thus every participant has an incentive to invest more in miners to be the first and reap the benefits. This is intentional: as the bitcoin blockchain is a totally open system, its security is paramount. By involving miners and inviting them to maximize their benefits by adding more hashing power, the blockchain becomes more secure every day (since its conception, it never has been compromised).\n\n**Two remarks:**\n1. miners usually work in pools where they combine their hashing power (= puzzle speed) to be quicker than everyone else. This returns a steady inflow of smaller amounts rather than 25 BTC once every blue moon;\n2. miners evolved from processes that run on the videocard to specialised (yet consumer oriented) hardware like these items from Bitmaintech ;\n\n### Why would someone mine?\nWell - just look at the price of the bitcoin. If you win a block now, on the 9th of July 2016, you will receive some USD 1625. And that's given away every 10 minutes! So there's a clear financial incentive to mine - this also means that with a lower price, some miners turn off their machines as the price for electricity isn't covered by the BTC's anymore. This risk of course will be hight after The Halving, that's why more and more sites / software add a minimal fee to every transfer (which also goes to the winning miner). Transactions with a higher fee are even processed faster... it's in the interest of the miner to make sure these transactions are in to maximize its profit. Gaming theory... but also sound thinking.\n\n### Why does it take so long to halve again?\nThe Halving happens more or less every 4 years. It depends on difficulty and the amount of blocks generated. Mathematically, a block is made every 10 minutes. However, due to the steep and continuous increase in hashing power (especially in China), the average time between two blocks is around 8 minutes. Over time, this caused the Halving to happen 5 months earlier than planned.\n\nBut back to the question :) It's defined in the bitcoin protocol to halve every 4 years until 2140. By that time, 21 million bitcoins will be mined. And that's it, it's a closed system defined by technical limitations. Depending on its use, the BTC price might increase as it will become a scarce good. It could also go down when no one uses it anymore.\n**We will now enter reward era 3.**\n\n### Why is it such an important event?\nIt's important because miners, essential part of the ecosystem and badly needed to secure the blockchain, lose half of their salary. It's like building on a volcano : even when warned upfront, people will still complain about an eruption. The BTC price lost 5% of its value during the halving but recovered already.\n\nExpectation is that fees will grow as rewards from miners decrease. Up to now, this hasn't been seen. On the contrary, the fee price was pushed lower and lower until software developers started adding minimal fees.\n\nBitcoin remains a larger marginal way of paying, fueled by a large amount of \"crypto-anarchy\". The bitcoin blockchain is maintained by a small army of people living by Satoshi's whitepaper: making online payments without going through a financial institution. On the Day of the Halving, this community celebrates.",
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arphyreceived 0.249 SBD, 0.185 SP author reward for @arphy / on-lean-and-continuous-improvement
2016/07/28 11:01:06
authorarphy
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2016/07/27 23:30:27
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2016/07/27 22:58:39
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2016/07/27 22:58:39
authorarphy
bodyTwo caterpillars are crawling next to each other. All of a sudden, a beautiful butterfly softly flutters by. “Well,”, said one caterpillar to the other and he pointed up, “you will never make me fly on top of one of those.” A very important element in the lean culture, is the **continuous improvement**. According to Norman Bodek (the guy who brought us Lean literature), an **average company in the States has a ratio of 1 idea per worker each 7 years. According to the same Norman Bodek, an average Japanese plant receives 2 ideas per worker per month**. I do hope that the statistics are wrong. I really do. But, if they’re not completely but just slightly off… does it make it sound any better? I assume Japanese people are biologically quite similar to ourselves. Their brain functions like ours. What makes them generate such a heap of ideas? Why do they all want to be butterflies and not fly on top of one of them? It’s all in the culture. In a system of continuous improvement, employees are encouraged to talk about and share their ideas. There is no box labeled “please pick up brain when returning home” outside the door. It’s a system where everything and everyone is in a continuous search for doing better. There is no time for dust to settle down neither… one idea might bring up another! If you’re wondering how you could improve your own work (oh, and even top management in Japan files ideas to improve their work), do a little mental exercise. Imagine you have your kids (or nieces/nephews) coming along at your workplace. You have to explain what you do every day. They are looking at you with those big eyes… and you want to make them proud about what you do. What do you say to them? Everything you don’t mention, could be waste or room for improvement. If you don’t take pride in some things you do, it could be because you don’t believe in them, it could be because you know it can be done better or easier or faster. But that’s exactly what is expected as part of the continuous improvement from you, as an employee. Shape your own environment! Generating ideas just isn’t enough. It has been done in the past. It has been done all over the States, yet they’re stuck at that measly 1/worker/7 year result. Two things to remember… and these are for everyone in charge. First of all, every idea that contributes an improvement is a good idea. It makes no sense to “select”, at best there is prioritization. An idea that removes waste valued at 1 euro a day, still generates a lot if the horizon is for example 10 years (in Japan, some companies have strategic plans for the next 100 years), especially if you have many ideas. “Wow wow… implementing all these ideas is too much!”, I can almost hear it. Let’s go to point two: make the suggester also the implementer. All these ideas are too much for one person. That’s why we are with so many. And if the idea is too big for one person, at least make him/her part of the implementation team, and give him/her an opportunity to learn. The caterpillar will never fly on a butterfly. No one, not a single lean coach, can force someone to ride along on the wings of lean. But we’ll do whatever we can to make everyone realize that the change, the butterfly, is just inside yourself.
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2016/07/25 23:11:54
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2016/07/25 22:05:15
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2016/07/25 22:04:30
authorarphy
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2016/07/25 21:51:42
authorcalva
bodyhttp://67.media.tumblr.com/85649825a5392e8cd3d832a4ed1534f5/tumblr_njpy6zj5by1tq4of6o1_500.gif Hi, I'm a bot you can call me anytime @calva if you want the price of a crypto you can post '@calva BTC' or '@calva ETH' to see all my functions go to: https://steemit.com/steemit/@calva/my-bot-calva-give-you-the-price-of-eth-and-btc-if-you-call-him
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2016/07/25 21:51:42
authorlillianjones
bodyGreetings!
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2016/07/25 21:51:42
authorsteemit.tips
body### Welcome to Steemit @arphy! Here is some interesting info that **will** help you create AMAZING content. (Will change as Steemit grows) #### How to Create Successful Steemit Content: * [[5 Second Image Uploads] Securely Upload Images for Steemit Posts Quicker Easier & DECENTRALIZED!](https://steemit.com/steemit/@steemit.tips/how-to-reliably-host-images-for-your-steemit-posts-quicker-easy-free-and-decentralized-steemit-tips) * [How to easily BEAUTIFY your Steemit posts like a PRO!](https://steemit.com/steemit/@steemit.tips/how-to-properly-format-prettify-your-steemit-posts-like-a-pro) * [Why Steemwhales are upvoting Crap instead of Your Masterpiece - And why you should be Happy About it](https://steemit.com/motivational/@johnsmith/why-the-steemwhales-are-upvoting-crap-instead-of-your-masterpiece-and-why-you-should-be-happy-about-it) * [How I Earned $100,000 With Steemit](https://steemit.com/steemit/@clains/how-i-earned-usd100-000-with-steemit) * [The Secret Formula to a Successful "IntroduceYourself" Post...And The #1 Mistake to Avoid](https://steemit.com/introduceyourself/@cryptoctopus/the-secret-to-a-successful-introduceyourself-post--and-the-1-mistake-to-avoid) * [I Lost Over $124,768 On Steemit In My First Month(Why I'm Kicking Myself For Not Powering Up)](https://steemit.com/steemit/@rok-sivante/i-lost-over-usd124-768-on-steemit-in-my-first-month-why-i-m-kicking-myself-in-the-balls-for-not-powering-up) Reading & understanding the above posts will give the reader a **_SIGNIFICANT_** advantage on steemit. #### Everyone is rooting for you! Good Luck!, steemit.tips
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2016/07/25 21:51:42
authorsharon
bodyEnjoy your stay!
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2016/07/25 21:51:39
authorsteemster1
bodyDelighted to have you here with us!
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2016/07/25 21:50:54
authorarphy
body@@ -1,69 +1,4 @@ -https://ipfs.pics/QmQSrhvzriGMADvLSnJGKH94fkEzAVUjGUdaVXYNWHirbj%0A Hi t @@ -1428,8 +1428,233 @@ easier. +%0A%0AJust in case you want to scare your family :)%0A%3Ca target='_BLANK' href='https://ipfs.pics/QmQSrhvzriGMADvLSnJGKH94fkEzAVUjGUdaVXYNWHirbj'%3E%3Cimg src='https://ipfs.pics/ipfs/QmQSrhvzriGMADvLSnJGKH94fkEzAVUjGUdaVXYNWHirbj'/%3E%3C/a%3E
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2016/07/25 21:48:51
authorlillianjones
bodyGreetings!
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2016/07/25 21:48:51
authorcalva
bodyhttp://www.gifbin.com/bin/052010/1273745802_mickey-rourke-say-hi-to-mom.gif Hi, I'm a bot you can call me anytime @calva if you want the price of a crypto you can post '@calva BTC' or '@calva ETH' to see all my functions go to: https://steemit.com/steemit/@calva/my-bot-calva-give-you-the-price-of-eth-and-btc-if-you-call-him
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2016/07/25 21:48:51
authorsharon
bodySteem ahead!
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2016/07/25 21:48:48
authorsteemit.tips
body### Welcome to Steemit @arphy! Here is some interesting info that **will** help you create AMAZING content. (Will change as Steemit grows) #### How to Create Successful Steemit Content: * [[5 Second Image Uploads] Securely Upload Images for Steemit Posts Quicker Easier & DECENTRALIZED!](https://steemit.com/steemit/@steemit.tips/how-to-reliably-host-images-for-your-steemit-posts-quicker-easy-free-and-decentralized-steemit-tips) * [How to easily BEAUTIFY your Steemit posts like a PRO!](https://steemit.com/steemit/@steemit.tips/how-to-properly-format-prettify-your-steemit-posts-like-a-pro) * [Why Steemwhales are upvoting Crap instead of Your Masterpiece - And why you should be Happy About it](https://steemit.com/motivational/@johnsmith/why-the-steemwhales-are-upvoting-crap-instead-of-your-masterpiece-and-why-you-should-be-happy-about-it) * [How I Earned $100,000 With Steemit](https://steemit.com/steemit/@clains/how-i-earned-usd100-000-with-steemit) * [The Secret Formula to a Successful "IntroduceYourself" Post...And The #1 Mistake to Avoid](https://steemit.com/introduceyourself/@cryptoctopus/the-secret-to-a-successful-introduceyourself-post--and-the-1-mistake-to-avoid) * [I Lost Over $124,768 On Steemit In My First Month(Why I'm Kicking Myself For Not Powering Up)](https://steemit.com/steemit/@rok-sivante/i-lost-over-usd124-768-on-steemit-in-my-first-month-why-i-m-kicking-myself-in-the-balls-for-not-powering-up) Reading & understanding the above posts will give the reader a **_SIGNIFICANT_** advantage on steemit. #### Everyone is rooting for you! Good Luck!, steemit.tips
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      "body": "### Welcome to Steemit @arphy!\n\nHere is some interesting info that **will** help you create AMAZING content. (Will change as Steemit grows)\n\n#### How to Create Successful Steemit Content:\n\n* [[5 Second Image Uploads] Securely Upload Images for Steemit Posts Quicker Easier & DECENTRALIZED!](https://steemit.com/steemit/@steemit.tips/how-to-reliably-host-images-for-your-steemit-posts-quicker-easy-free-and-decentralized-steemit-tips)\n* [How to easily BEAUTIFY your Steemit posts like a PRO!](https://steemit.com/steemit/@steemit.tips/how-to-properly-format-prettify-your-steemit-posts-like-a-pro)\n* [Why Steemwhales are upvoting Crap instead of Your Masterpiece - And why you should be Happy About it](https://steemit.com/motivational/@johnsmith/why-the-steemwhales-are-upvoting-crap-instead-of-your-masterpiece-and-why-you-should-be-happy-about-it)\n* [How I Earned $100,000 With Steemit](https://steemit.com/steemit/@clains/how-i-earned-usd100-000-with-steemit)\n* [The Secret Formula to a Successful \"IntroduceYourself\" Post...And The #1 Mistake to Avoid](https://steemit.com/introduceyourself/@cryptoctopus/the-secret-to-a-successful-introduceyourself-post--and-the-1-mistake-to-avoid)\n* [I Lost Over $124,768 On Steemit In My First Month(Why I'm Kicking Myself For Not Powering Up)](https://steemit.com/steemit/@rok-sivante/i-lost-over-usd124-768-on-steemit-in-my-first-month-why-i-m-kicking-myself-in-the-balls-for-not-powering-up)\n\nReading & understanding the above posts will give the reader a **_SIGNIFICANT_** advantage on steemit.\n\n#### Everyone is rooting for you!\n\nGood Luck!,\nsteemit.tips",
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2016/07/25 21:48:48
authorsteemster1
bodyGreat for you to join us!
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2016/07/25 21:48:15
authorarphy
body@@ -1,8 +1,73 @@ +https://ipfs.pics/QmQSrhvzriGMADvLSnJGKH94fkEzAVUjGUdaVXYNWHirbj%0A Hi there
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2016/07/25 21:40:45
authorarphy
bodyHi - looks like my post lacks a picture... ah well
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2016/07/25 21:38:42
authorarphy
bodyThanks - I'll see if I can share a few bits & bytes over here :)
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2016/07/25 21:35:48
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2016/07/25 21:33:27
authorarphy
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arphypublished a new post: work-with-the-end-in-mind
2016/07/25 21:33:27
authorarphy
bodyYou might have heard the phrase **"work with the end in mind"** quite a few times. It's used often when setting targets, explaining a vision, even in workshops. I don't know who cornered the phrase, but I know at least one book that makes an extensive use of it. I'll take you along on one of the most interesting rides I experienced in my life. **Covey**. Remember the name. I don't know if he invented the phrase "work with the end in mind", but he's making a damn good heap of money with it (and so are his wife and son by the way, each rewriting his book for their environment...). Covey is known as the author of **"The 7 habits of highly effective people"**. In HR circles, it's a well known book and in all honesty, I could recommend it to everyone. The book changed the life of many people. Let's take a closer look at the habits. Covey divides his 7 habits in 2 sets of 3 habits and a recurrent one (sharpen the saw, i.e. do it again). The 2 sets will lead to private and public victories. For now, I'll focus on the private victory part. If there's interest in the public part, I'll write a post about it as well. **Habit 1 - between action and reaction, there's a moment you are respons-able.** Covey states that we do way too many things because "we have to", "others do it that way", "it's always done like that". He insists on taking a step back and realising that between action and reaction, there is a point where we can choose how we will respond to the action. This basically means: you are able to take your life in your hands and face the consequences. **Habit 2 - have the end in mind.** Covey says that we should do a mental exercise. Pretend you're on your funeral. How do you want to be remembered? What do you want people to say about you? Those things, according to Covey, are your personal key-values. And he doesn't qualify them: "being a good businessman" has the same merit as "be an example in church". But you have to master the knowledge of your most important values. **Habit 3 - put first things first.** Now that you know your core values, now that you know you are able to take your own decisions, take your decisions with the end in mind. This means that you should in the first place do those things that contribute to your core values. Find out what you have to do to make a valuable contribution to what you deem most important in your life. At that moment, when you're able to live day by day and act with the end in mind, **you realise your private victory** and truly work with the end in mind. You finally reach independence and are able to make your stand and hold your ground in relation with others (and that will be the public victory). So, why do we use "work with the end in mind" so often? **It makes sense. Plant your flag.** Make sure every step you take is a contribution, a tile on the path to the flag. What Covey uses on a personal level, can easily be applied on a company level. When Alice stepped into Wonderland, she wanted to know which way to choose. The rabbit responded with a question, "Where do you want to go?" Alice replied "I don't much care where." **"In that case", the rabbit said, "it doesn't matter which way you go."** That's why we have a target and "Must Win Battles". That's why we have to think every time: do I do what I do with the end in mind?
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Witness Votes

0 / 30
No active witness votes.
[]