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      "author": "cliffordhodaka",
      "body": "In my lifetime I can remember calling friends on a rotary telephone; starting  all over if you mis-dialed a digit. Waiting for each swipe of the dialer to return back to its resting spot before you could dial the next digit. I remember a lot of technological first. The first home video game,first home computer, first and second style floppy disk, first home fax machines,first copy machines, first cellular phones: cable television, video recorders, VCRs, DVD, Flash drives, and the list goes on.\n     \nIn a way, the face and pace of new technology has become,....,\"no big deal.\" We’ve come to expect and even irritated if technology doesn’t keep up with what we demand.  Having to use your first generation smart-phone because of a broken new iPhone X or Galaxy S9 feels like being forced to use a desktop computer with a dial up 56k modem. \n\nEnter cryptocurrency and blockchain technology. Invented way back in 2009 by someone who knew better than to use their own name and risk being  a target. The mysterious Satoshi Nakamoto figured out that the INTERNET could be used as a giant cash register. \n\ncash reg·is·ter\nˈkaSH ˈˌrejəstər/\nnoun\n1. a machine used in places of business for regulating money transactions with customers. It typically has a compartmental drawer for cash, and it totals, displays, and records the amount of each sale.\n\n(I would add in addition to the definition above:(a store of value) Technically, cash registers store cash.)\n\nBasically,cryptocurrency is a giant cash register. Take Bitcoin for example. There are thousands of computers around the world running the Bitcoin software today. Each verifying encrypted transactions written as blocks of text,numbered and known as blockchain to a one and only copy of the ledger. Even if you turned off the power to half of the world, the computers on the other half will continue to run and verify  transactions. In essence, that’s it! \n\nIdiosyncrasies of function such as  maximum supply of coins or cost of transactions are but a few different attributes  sparking the fires that are new and different types of cryptocurrency and blockchain projects. New applications are forcing developers to tweak existing cryptocurrencies into mutants of there parent blockchains. This continues to drive innovation, drawing billions of dollars in speculative investments. One of those idiosyncrasies is that some cryptocurrencies have evolved to allow custom sets of rules to determine if transactions succeed or not. These are called “smart-contracts\". \n\nSo how will it change the world? A hypothetical example will demonstrate. Let’s say a company manufactures a circuit board for a new cell phone. Each circuit board requires 300 different electrical components from three different suppliers, one located in China,one in Korea and one in Hong Kong.  Lets assume we manage our supply inventory with software. When parts for our circuit board run low, manual orders are initiated. These new orders require that employees interact with suppliers with some form of communication and documentation. The ensuing order to re-stock components may require employees that speak each language and payments be conveyed with international bank transfers subject to currency exchange rates and further documentation. These services are costly and slow. Errors with,communication, ordering,shipping and payment discrepancy are but a few things that can go wrong and add both complexity to re-stocking including but not limited to additional delay and cost. \n\nA Cryptocurrency Blockchain Solution (CBS) could work as follows in a supply chain management scenario:\n\nA hired software developer creates a smart contract on the EOS network to interact with both the manufacturer’s and supplier’s current inventory and production management softwares. Now, an inventory of 500 microchips will trigger an instant deposit, of any agreed upon cryptocurrency, for the full amount of the calculated transaction held in escrow by the smart-contract on the EOS blockchain. The price per Microchip either fixed or variable as agreed upon by buy and seller and programmed into the smart-contract. The smart-contract releases the deposit of 10% to the supplier and a work release is generated to start production inside the suppliers production environment. The quantity of replacement microchips is programmed as a variable based on the circuit board manufacturer’s production requirements, so the number of microchips being ordered and replaced may be different every time. The corresponding smart-contract and affiliated transactions are recorded on the  blockchain and serve as a proof of: order, deposit,proof of ability to pay in full and proof of final payment once the contract is satisfied. The new microchips are produced under strict guidelines with data of production process and quality assurances linked to the smart contract as small payments and or affiliated smart contract transactions. The hypothetical smart contract described here has also been programmed to trigger an automated process to generate customs forms and initiate shipping pickup and delivery by a third party. The scanned pick up of microchips fulfills a key hurdle of the contract and and releases a larger agreed upon percentage of escrowed funds to the supplier automatically. Shipping is tracked from point A to point B  and a successful delivery updates the state of the contract and releases final payment.\n\nThe one instance of a smart-contract and transactions were proof of order,quality of manufacturing,production and delivery monitoring and payment. Payments were immediate and inexpensive. Middle men such as banks and extra persons to manually track the process were eliminated. Data is searchable and readily available to assess expenditures and further analyze supply chain management. \n\nThis is only an example scratching the surface of blockchain and cryptocurrencies. Radio Frequency Identification (RFID) tags are now being incorporated into blockchain as yet another variant of this technology for a supply chain management application. The idea that cryptocurrencies and blockchain technology are just a fad is no longer valid. Blockchain and cryptocurrencies are already posturing to disrupt and change the way we bank, secure personal information,shop,vote and act. \n\n\n\n \nBlockchain, the power to ensure freedom and enslave.",
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      "body": "I want to say that I'm really excited about EOS and the technology they will release in June. That being said this post discusses some the key aspects of storage and function of the network that I feel are being overlooked and unaddressed. Please feel free to set me straight wherever I have misunderstood or misinterpreted EOS and the platform in any way. \n\nTo start, If you would like to just read EOS's pdf regarding storage and future calculation price for storage on EOS's netowrk...heres the link. https://github.com/EOSIO/Documentation/blob/master/EOS.IO%20Storage.pdf\n\nSo here is my understanding and basic summary as well as questions I have:\n\nHow it works:\n\nFiles will be either stored on private servers using a IPFS format or block producers can be incenvtivised to store a given file via TOK token payment in the same format. \n\nThe IPFS format is standard that means a file and it's corresponding name can only exist once. That is, if a change is needed to be made to a file, then it's name would change as well. \nThis means that multiple request of the same file of a given name means the file will always be the same. \n\nThe price of storage in \"TOK\",the EOS token, will be the amount of used storage by users on the network's block producer's computers divided by unused storage on the same computers. EOS refers to this as Price = Balance/Supply x CRR. CRR is a predefined storage reserve so that storage never runs out. Users are always welcome to host their own files on centralized servers. However, if a server was down or a file erased then the file would be unavailable on the network. This could mean failure of contract or just unavailable content. Ultimately, the cost of storage and the cost of a critical failure due to files stored off network will be of utmost importance to some developers and DAPPs. \n\nSo what valuation will EOS really hold? I am not an expert...but it seems to me total market capitalization and issued coins are somewhat irrelevent. EOS's linked document above hints that block producers will be able to expand bandwidth and decrease bandwidth based on platform inflation and deflationary principles. I have not found anything that proposes rules to expanding bandwith and as such I get the feeling we may have a free market here. If I am one of the 20 block producers offering storage and bandwidth for tokens I may want to invest in increasing my storage capacity and dropping my prices to grab market share. What if all block producers only account for a total storage capacity of 1 Terabyte. 1 Terabyte divided by the 1 billion tokens times perceived value of network...how will storage cost compare to traditional networks and hosting? The value goes up if there's more demand for storage. What happens if block producers reduce storage and demand goes up? Is their a point that using the network would no longer be feasible for some? \n\nHave we just created a DAPP monsters? How will this effect the realworld price of EOS?",
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      "body": "I was not able to log on to Steemit with user name and the long password key that I saved. Just a moment ago...even though the log on screen would not accept my password, I was able to update the password key by using the old password key....and voila!!! the new password key worked as my password; here I am! So if you are locked out and your password key is not working give it a shot. Again, updating password key, by using the old password key.",
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      "body": "I doubt the contract was written incorrectly, so it's likely that you either executed it improperly or executed it properly but you didn't know what it would do and it turned out different than what you expected.\n\nIn either case, **you** set the gas price and agreed to \"lose\" your money.  It's your fault, not the Ethereum Networks, and almost certainly not the contract's.",
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      "author": "cliffordhodaka",
      "body": "Was requesting 18.00 from me and then failed the contract. Ethereum contract failure looks to create some real headaches for it's own growth.",
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      "author": "cliffordhodaka",
      "body": "If this is how ethereum works, then that's some bullshit right there. A failed contract took an $18.00 fee in ethereum from me. If there is any error   error then kiss your fee goodbye. Sounds like bad business to me.",
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      "author": "cliffordhodaka",
      "body": "Eos claim contract wanted took the required $18.00 gas price then an error occurred. I do not get the $18.00 dollars back! :( WTF",
      "json_metadata": "{\"tags\":[\"eos\"],\"app\":\"steemit/0.1\"}",
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{
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      "author": "cliffordhodaka",
      "body": "read the terms and conditions/privacy policy. They can collect info and sell it. This is the Facebook of Blockchain.",
      "json_metadata": "{\"tags\":[\"steem\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "murh",
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      "body": "Currently only BTC, but other crypto on the way like ether & dash. Recommend downloading the app, then you can see the status atm",
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      "author": "cliffordhodaka",
      "body": "Is possible that people can be the owners of their own financial destiny while the Government wisely picks it's battles with blatant scammers and tax avoiders?  Should we own our social networking content and earn from our preferences, opinions and interactions? Can a free person, pay their credit card debts, car loans, student loans and then invest in their own country and each other? How would this effect a country's bottom line? Does a country understand the concept of \"penny rich or pound poor?\" How wisely will my confiscated earnings be used?; to bail out banks.  What if the necessity to rely on credit disappeared? How could one spend their valuable time and tether real humanistic value to betterment of our society. I can only hope a country will not fear, but embrace.",
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      "body": "no tenx in united states!",
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      "author": "cliffordhodaka",
      "body": "I agree, just want to pay some bills. I think they may be outside their legal right to ask for it. But they're covering themselves. Interesting that IRS settled for 20K or more transactions or more.  Maybe it's a can of worms for the IRS, but really all they have to do is send out a blanket letter and flag your ass; you'll be doing the rest of the homework to prove otherwise.",
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      "author": "cliffordhodaka",
      "body": "So I've really been doing my homework on these cards. Very little available to United states users. Because this available in the United States and is not associated with Coinbase I think it's worth a try. Nothing against Coinbase, they have their niche. I'm posting the link here for Bitpay since I dont' see it. https://bitpay.com/card/get-started",
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      "author": "cliffordhodaka",
      "body": "Any info is nice, however, what currency does TenX accept? Is the value held as BTC or tethered to a currency of choice. Are they  available in US?",
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