{
  "block": 106144311,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "7121.031171 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-05-18T00:58:30",
  "trx_id": "0e565e9c11d01994406a0ce69ab09bd7825bfae4",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 105979208,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "4408.820766 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-05-12T06:45:42",
  "trx_id": "b969e6c67784850a17cce0b5d292fb76b9bd029c",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 105511940,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "7133.546927 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-04-26T00:18:06",
  "trx_id": "78cb8cb570391971b194607bbfa624c2c345c888",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 102854124,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "4450.367585 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2026-01-23T09:43:54",
  "trx_id": "8a937ac82548779c29e7ca40a77ce1d2c8b9d194",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 91300509,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "4614.586782 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2024-12-17T05:02:06",
  "trx_id": "f6f74c0fefcc97bfdfa017028aeda6761e97e896",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 79854701,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "4783.720314 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-11-13T20:44:39",
  "trx_id": "a38a26e7be29f9c236fead9c517fe319ae2bb059",
  "trx_in_block": 1,
  "virtual_op": 0
}

{
  "block": 78348843,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "7720.999100 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2023-09-21T22:40:39",
  "trx_id": "f757d0046cf7ac5ebd48b3ffc5318c9a296a34b0",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 69114051,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "7942.680538 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-11-03T12:21:48",
  "trx_id": "18618181732fc30c50c64bbb758bb0b9996162d7",
  "trx_in_block": 4,
  "virtual_op": 0
}

{
  "block": 60810152,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8163.213769 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2022-01-17T11:34:27",
  "trx_id": "d5f78919c99301e89cf4151718a689d19e416493",
  "trx_in_block": 29,
  "virtual_op": 0
}

{
  "block": 54608502,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8346.982427 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-06-14T01:28:00",
  "trx_id": "be47342e12017756250bac776c3664b9867f672c",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 49355933,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8534.404401 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-11T11:45:45",
  "trx_id": "e3009088cf3a42deebb246cef04d7c11471122b4",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 49207492,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "1912.543513 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-06T05:22:54",
  "trx_id": "747c710d8451a9a7cc4344f55cb1bb853537f161",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 49191027,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8540.612255 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-12-05T15:23:45",
  "trx_id": "96f1fc01e14198c7bff8e27045e2951b5da7768e",
  "trx_in_block": 7,
  "virtual_op": 0
}

{
  "block": 48259350,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "1920.017158 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-11-02T16:57:21",
  "trx_id": "d805c57e75285c47b93dad38ab204de87c8f0b88",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 43217751,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8743.417614 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-05-09T06:20:54",
  "trx_id": "60ed833bc79d1e6ac04ed5bd442d1c12d1e28de9",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 43193963,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "1953.311140 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-05-08T10:03:03",
  "trx_id": "29ef4d420d243b3da3958a22dfeafda4c5e0146d",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 40637353,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @happlysky! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@happlysky/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@happlysky) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=happlysky)_</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\"]}",
      "parent_author": "happlysky",
      "parent_permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "permlink": "steemitboard-notify-happlysky-20200208t104129000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-02-08T10:41:30",
  "trx_id": "b21b23c9e62c94c24eb0f4e4d03e07671ec769c5",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 40388213,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8796.541735 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2020-01-30T18:37:54",
  "trx_id": "7f6da115e56097829fdad95537dd96e2e8655f5f",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 30798356,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "8992.976708 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-03-02T10:36:03",
  "trx_id": "9c67a0f831a62f6ac7d2a7c1236291b2642bd2f4",
  "trx_in_block": 57,
  "virtual_op": 0
}

{
  "block": 30164482,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @happlysky! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@happlysky/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@happlysky)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "happlysky",
      "parent_permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "permlink": "steemitboard-notify-happlysky-20190208t095929000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-02-08T09:59:30",
  "trx_id": "f9a045144a4d410536ff62949743579c45fadda4",
  "trx_in_block": 4,
  "virtual_op": 0
}

{
  "block": 29559004,
  "op": [
    "comment",
    {
      "author": "partiko",
      "body": "Thank you so much for sharing this amazing post with us!\n\nHave you heard about Partiko? It’s a really convenient mobile app for Steem! With Partiko, you can easily see what’s going on in the Steem community, make posts and comments (no beneficiary cut forever!), and always stayed connected with your followers via push notification!\n\nPartiko also rewards you with Partiko Points (3000 Partiko Point bonus when you first use it!), and Partiko Points can be converted into Steem tokens. You can earn Partiko Points easily by making posts and comments using Partiko.\n\nWe also noticed that your Steem Power is low. We will be very happy to delegate 15 Steem Power to you once you have made a post using Partiko! With more Steem Power, you can make more posts and comments, and earn more rewards!\n\nIf that all sounds interesting, you can: \n\n- Download Partiko Android at [Google Play](http://bit.ly/2SRFIta)\n- Or Download Partiko iOS on the [App Store](https://apple.co/2PcXkSd)\n\nThank you so much for reading this message!",
      "json_metadata": "{\"app\":\"partiko\"}",
      "parent_author": "happlysky",
      "parent_permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "permlink": "partiko-re-happlysky-block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity-20190118t085500350z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-01-18T08:55:00",
  "trx_id": "ed9d96533e5162e1f2bb0632081bd968119bac21",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 28945550,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "29134.447909 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-28T01:15:03",
  "trx_id": "18caa911a872129be4b0319922e7f23eff80c372",
  "trx_in_block": 16,
  "virtual_op": 0
}

{
  "block": 28178758,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "voter": "sensation",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-01T09:53:15",
  "trx_id": "5990d522bfa70af6281ad2f489614abbc861ab08",
  "trx_in_block": 4,
  "virtual_op": 0
}

{
  "block": 28178321,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "voter": "magpielover",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-01T09:31:24",
  "trx_id": "7772e5b2858eae46afcd8491e6c051f238385ebf",
  "trx_in_block": 29,
  "virtual_op": 0
}

{
  "block": 28177880,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "voter": "devsup",
      "weight": 69
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-01T09:09:21",
  "trx_id": "9a16d79433edb7af2c672e386d4db500fc5abeaf",
  "trx_in_block": 26,
  "virtual_op": 0
}

{
  "block": 28177713,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "voter": "raise-me-up",
      "weight": 1
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-01T09:01:00",
  "trx_id": "57d5b856b719b57da902f5658c7af5c25fb7d066",
  "trx_in_block": 12,
  "virtual_op": 0
}

{
  "block": 28177626,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "voter": "steeming-hot",
      "weight": 25
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-01T08:56:39",
  "trx_id": "3bc14c67564582c1a042f667e6cfc0065d23ea33",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 28177581,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-28.png)\n>The bifurcation of BCH leads to community splitting and public outcry. A joke from BM leads to panic in EOS community. Why can a small number of people or companies always have a huge impact on the block chain that has been labelled \"de-centralized\", or even lead to the breakdown of consensus? What is the connotation of decentralized governance of block chains? So-called de-centralized governance is human governance chain, or chain governance person, or chain governance chain, or human governance person? This paper explores the connotation of decentralized governance from multiple perspectives, providing a thinking perspective for the current \"hot spots\" in the currency circle.\n\nBlock chain governance is a very confusing topic. First, we don't always know what we are talking about. Even if we know, the cross-cutting issues of technology, culture and political philosophy will become complex. I hope this article can relax us a little and help clarify the strong relationship.\n\nIn determining the scope of discussion on block chains and governance, we first have to answer two questions: (1) What is the object of governance? (2) What is the content of governance? In other words, when discussing block chains and governance, there are generally four points:\n\n\n\n(1) Man's governance of block chains (e.g. EIPs, BIPs and bifurcation);\n\n\n\n(2) Block chains govern people (e.g. through decentralized autonomous organizations (DAOs) or incentives);\n\n\n\n(3) The governance of block chains by block chains (e.g. restrictions and permissions on chains);\n\n\n\n(4) Governance of people (users or developers of block chains) by people (the main competent department of government).\n\n\n![](http://www.bitaves.com/images/pasted-30.png)\nThese four quadrants have some interesting and important issues, but it needs to be clear that the main concern of this paper is how human beings make decisions affecting block chains through such mechanisms as code updating and bifurcation (hereinafter referred to as \"block chain governance\").\n\n\n\nRelevant decision-making of block chain governance is very important, because it can affect the way block chains work, use and the type of community around them, and then have a wide impact on society, and ultimately affect everyone.\n\n#### 1. Legitimacy or...\n\nLet's jump out of the current topic for a moment and think about the specific meaning of legitimacy that Vlad Zamfir mentioned in his recent article Blockchain Governance 101.\n\nZamfir defines block chain governance as follows: a group of stakeholders jointly decide what measures to take on block chain: developers write and update block chain software, node operators decide whether to operate and update the above software, and owners of \"trademarks\" (e.g., people or organizations claim that \"block chain is ETH\" \"Or\" Block Chain is BTC \". In most cases, the above-mentioned parties are not appointed by any organization. Their collaboration determines the evolution direction of block chain software. The unity or division of the developer community or user community will form different ideological directions.\n\n\n\nIn Zamfir's view, legitimacy is an attribute of the coordinating mechanisms of these collaborators when their outcomes may be respected.\n\n>I believe that a decision-making, decision-making process or coordination mechanism is \"legitimate\" provided that all participants in governance know that the decision will be executed or that the decision-making process or coordination mechanism will be used. [2]\n\nIn addition, Zamfir believes that:\n>f a coordination mechanism is legitimate, people will behave (reasonably) as if they would use it. When a decision is legitimate, people don't have to worry about whether others will implement it, they can trust them. On the other hand, if it is illegal, they will act as if people will not use it. I believe that the establishment of legitimate decisions, decision-making processes and coordination mechanisms is a clear and elegant way to solve coordination problems. [2]\n\nIn addition, Zamfir observes that this legitimacy comes from a variety of sources. For example, advocates of block chains in autonomous regions want to limit the impact of people on the future governance process of block chains, and they want the block chains themselves to be the only source of legitimacy. Otherwise, it can be imagined that the governance process is controlled by various groups in the real world, such as companies, developers or government agencies. As a result, these groups will \"monopolize\" legitimacy under the existing block chain environment.\n\nAll of these raise interesting and difficult questions. But let me pause for a moment for semantic sophistry.\n\n#### 2, authority\n\nWhen Zamfir talked about legitimacy, he put forward an important theme for the governance of block chains, and his analysis was clear. But we don't think \"legitimacy\" is the best word, and \"authority\" may be more appropriate.\n\nIt needs to be clear that this is a purely semantic argument, not a critique of Zamfir's logic. But sometimes semantics is very important, and we think that's one of them. Let's explain.\n\n\n\nIn the literature on political legitimacy, there are generally two schools of thought: one is descriptive, the other is normative. According to the descriptive theory of legitimacy, legitimacy refers to people's beliefs about where power exists and how it comes into being. On the other hand, the normative theory of legitimacy deals with the legitimacy of power. They distinguish between de facto authority and legitimate or legal authority.\n\n\n\nZamfir's concept of legitimacy is purely descriptive, and his insights are still important because they relate to how members of the block chain community position authority and how they make authoritative decisions. I just think there's a better word to describe it. Why not call it \"authority\"?\n\n\n\nLook at this key article from Zamfir, replacing \"legitimacy\" with \"authority\". In my opinion, its meaning is clear and unchangeable:\n\n>If a coordination mechanism is authoritative, people will behave (reasonably) as if they would use it. When a decision is authoritative, they don't have to worry about whether others will implement it, they can trust them. On the other hand, if it is not authoritative, they will act as if people will not use it. In my opinion, the establishment of authoritative decision-making, decision-making process and coordination mechanism is a clear and elegant way to solve coordination problems. [2]\n\nBut we got off the point. The importance of semantic points is merely to emphasize the need for dialogue on normative legitimacy in block chain governance.\n\nIn block-chain communities, normative legitimacy is as important as in national states or other regulatory entities, such as companies or tribes. For example: suppose a cigar-chewing commander-in-chief appeared on state television to announce the success of a violent coup, declaring himself head of state, and then issuing credible, threatening orders to fearful people. These orders are likely to be followed by all or most people. They are authoritative, but not legitimate, because the value of the community is reflected in a certain decision-making process [1], which is ignored by the commander-in-chief. Society will not accept the legitimacy of his decision-making, because the decision-making is not made through the appropriate way to reflect social values (such as democratic elections). While rejecting the legitimacy of the commander-in-chief's decision, the members of the community accept the authority of decision-making, but the difference in their minds is an integral part of this special community. It makes the community a community, not just a group of people blindly obeying the orders of the loudest or most representative community leaders.\n\n\n\nI hope readers can understand why this is worth discussing. For block chain communities, if there is no normative content of legitimacy, then block chain communities have no meaning, they are not real communities.\n\n#### 3. What is the community of the block chain?\n\nYuval Harari has an accurate and interesting view of the community. He believes that the community is a group of people who believe in the stories they share. Shared stories allow people to work with people they don't know and create a community that transcends family and friends. For example, we generally don't trust strangers, but if we know that he or she believes in the same religious or moral story as we do, everything will change. We can trust him or her and cooperate with each other without fear of any malice.\n\n\n\nBlock chains are technologies that allow people to cooperate with each other without mutual trust and experience --- without sharing stories, in other words, they make it possible to cooperate without communities. And that's confusing, because this kind of collaboration, which enhances trust and opens up the traditional boundaries of communities, falls within the quadrant at the bottom left of the picture above. It's interesting and important. But this has nothing to do with what we call \"block chain governance\", which involves the upper right quadrant.\n\n\n\nUltimately, the block chain is embedded in the actual human community. These communities are remote, controversial and difficult to define, but they do exist. They are composed of common stories and values, which provide a basis for the legitimacy of block chain governance decisions.\n\n\n\nNow let's look at three very prominent examples of mainstream encrypted assets.\n\n#### 4. Contrast among BTC, ETH and ZEC\n\n\n![](http://www.bitaves.com/images/pasted-31.png)\n\nThe BTC community is highly conservative (Figure 2), and the description of the use of block chains is very limited (basically focusing on the idea of replacing legal tenders). Few groups have significant governance impact. One of Bitcoin's business cards is that it runs almost automatically, uninterruptedly and with high capacity, longer than any other block chain. Therefore, revisions are treated with caution because they weaken the overall narrative.\n\n\n\nThe Bitcoin community has repeatedly shown that it attaches great importance to the conservative nature of technological improvement, and if this spirit is challenged because \"most people\" see it as a short-term improvement (studying Bitcoin's history against coin bifurcation and learning more about it), they will strive to promote it.\n\n\n\nBy contrast, Ethereum's community is more flexible and open. It contains the idea that its block chains can and should provide completely different uses for different people. Individuals can use the main public chains to generate loosely coupled applications.\n\n\n\nIn addition, its narrative focuses less on the concept of alternative currency and more on the concept of decentralized institutions. The Bitcoin community doesn't seem to care whether it will spawn a new kind of rich rule, while the Ethereum community is more like a \"big tent\" with more room to realize the dream of equality (as long as you respect the spirit of progress).\n\n\n\nTheir community is based on improving and expanding the ETH Layer 1 code base. In order to achieve the ultimate goal of the POS consensus mechanism, they launched a very ambitious roadmap. The more progressive your community is, the more opportunities you will eventually offer to its members. For example, ETH and its large-scale developer community/funnel are likely to be driven by funds raised by ICO in late 2017 and early 2018. )\n\n\n![upload successful](/images/pasted-32.png)\n\nFigure 3: As the community grows, mobility becomes stronger and stronger. It is becoming more and more important to have a funnel that can attract new talent.\n\n\n\nMore innovative and \"fast-moving\" encrypted currencies will be more inclined to progressive currencies, thanks in particular to their large market capitalization and high liquidity assets (which means that the community will not be affected by underallocation/reinvestment).\n\nZEC is between these two extremes. As a relatively new asset born in October 2016, compared with BTC and ETH, ZEC still has a lot to improve.\n\n\n\nIt also provides credibility for the theory that the newer your major public-chain assets are (considered wise and worthwhile by the technology community), the more your community needs to improve slightly than most of the existing traditional communities in order to \"catch up\" with liquidity and get a proper foothold in integrating existing services. Point. Although ZEC is separated from BTC's original code base and uses UTXO set, ZCash must maintain a certain degree of conservatism compared with the unparalleled speed of technological innovation adhered to by Taifang Intelligent Contract, Account-based and token-based model.\n\n\n\nWith the establishment of ZEC, ZEC Foundation and other profitable/non-profit entities, ZEC is slowly building a strong foundation on which communities can rely for a long time, while building a spirit and a story around quality and safety.\n\n\n\nThe public parameters of ZEC zero-knowledge proof are generated by real people on a (maximum transparent) ritual. Therefore, to believe the inviolability of ZEC encryption, it is necessary to have non-zero trust in the integrity of the process.\n\n\n\nIn addition, ZEC updates are highly transparent and open to user participation. Each subsequent hard branch will increase the number of active participants, and with each iteration of MPC rituals, the degree of decentralization will be further enhanced. These are all signs of openness. At the same time, ZEC creates a completely hidden environment in which users can participate in good or bad things without being discovered. ZEC distinguishes itself from BTC and ETH through this feature.\n\n\n\nIn this respect, it attracts radical egoists and thus has a user base that advocates value agnosticism. ZEC continues to explore interesting tensions between the closure and openness of its communities.\n\n\n\nTheir goal is to maintain a more moderate but still conservative pace of change, while refusing to add any features deemed unnecessary by the underlying technicians.\n\n\n\nFirst, by developing integrated security practices, focusing on scientific peer review/code review, and slowly adding financial support to alternative full-node customers, they can lead the future of assets in the right direction, while distinguishing themselves from existing BTCs, which are very Privacy-oriented and long-term growth.\n\n\n\nTheir team even realized that one day their internal community might choose to branch itself to improve its infrastructure for more needed application scenarios or other important additions that would make the community more resilient. With the successful release of Sapling, the ZEC community has just completed another hard bifurcation of the plan, and has laid the foundation for further improvements in Level 1 in next year's \"Blossom\" upgrade.\n\n\n\nFinally, we believe that a mobile and open governance style is conducive to the growth of block chain communities. Making more people have a place at the negotiating table --- and a role in narrative formation -- \"expands\" the funnels of community members. For example, both BTC and ETH have caused huge speculation in the past few years. But ETH has done more to transform this speculative energy into a real, thriving community, mainly through ETH Foundation, consensus system and other organizations, as well as meaningful developer communities such as EthMagic. ZEC is also moving in a similar direction. Compared with TC, ZEC is more progressive.\n#### 5. Conclusion\n\nLooking ahead, we look forward to the open and mobile governance of block chain communities, as well as the conversion of speculative energy into specific development opportunities. Perhaps most importantly, we will look for a community linked by a compelling and inspiring story.\n\nThe low-level technical semantics of each asset based primarily on block chains are of course very important - however, a common narrative that people can understand and respond to is equally important and vital to the life and growth of a new community.\n\nby:[bitaves](http://www.bitaves.com)",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-28.png\",\"http://www.bitaves.com/images/pasted-30.png\",\"http://www.bitaves.com/images/pasted-31.png\",\"/images/pasted-32.png\"],\"links\":[\"http://www.bitaves.com\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "block-chain-community-and-its-governance-reflections-on-legitimacy-and-narrativity",
      "title": "Block Chain Community and Its Governance: Reflections on Legitimacy and Narrativity"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-12-01T08:54:24",
  "trx_id": "9b610df0dfa48f923b99ceb5eb87f0b5c2d5b8e6",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 27577473,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "bitcoin-bifurcations-and-future",
      "voter": "steemitboard",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T12:32:39",
  "trx_id": "a8748cb3aa1bf54f1f8bc7679c40e79af75ef986",
  "trx_in_block": 18,
  "virtual_op": 0
}

{
  "block": 27577472,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @happlysky! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@happlysky/posts.png?201811101058</td><td>You published more than 10 posts. Your next target is to reach 20 posts.</td></tr>\n<tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@happlysky/voted.png?201811101142</td><td>You received more than 10 upvotes. Your next target is to reach 50 upvotes.</td></tr>\n</table>\n\n<sub>_[Click here to view your Board of Honor](https://steemitboard.com/@happlysky)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\nTo support your work, I also upvoted your post!\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest3-and-steemitboard-meet-the-steemians-contest\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmeLukvNFRsa7RURqsFpiLGEZZD49MiU52JtWmjS5S2wtW/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest3-and-steemitboard-meet-the-steemians-contest\">SteemFest3 and SteemitBoard - Meet the Steemians Contest</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "happlysky",
      "parent_permlink": "bitcoin-bifurcations-and-future",
      "permlink": "steemitboard-notify-happlysky-20181110t123235000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T12:32:36",
  "trx_id": "0c379adb20ab06bd866410d37300b081abeb039f",
  "trx_in_block": 1,
  "virtual_op": 0
}

{
  "block": 27576457,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "voter": "mrakodrap",
      "weight": 1000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T11:41:51",
  "trx_id": "474852e97c53d2dee4fb10f47331cd599a8d757c",
  "trx_in_block": 11,
  "virtual_op": 0
}

{
  "block": 27576238,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "bitcoin-bifurcations-and-future",
      "voter": "magpielover",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T11:30:51",
  "trx_id": "a3d9c39bf89374da6474f6c6d116a1899bcced83",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 27575849,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "voter": "council",
      "weight": 1000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T11:11:24",
  "trx_id": "ac40dd65ccaea42a3e4c3225550234a967748a83",
  "trx_in_block": 19,
  "virtual_op": 0
}

{
  "block": 27575803,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "bitcoin-bifurcations-and-future",
      "voter": "raise-me-up",
      "weight": 1
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T11:09:06",
  "trx_id": "6c0f0bd17296759f89c69188a36628f5b9d856ec",
  "trx_in_block": 32,
  "virtual_op": 0
}

{
  "block": 27575630,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "bitcoin-bifurcations-and-future",
      "voter": "steeming-hot",
      "weight": 50
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T11:00:27",
  "trx_id": "3f8471178b9e787005a0b6c4182c293d349817e7",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 27575564,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-27.png)\n\nAfter several months, I wrote about bitcoin again. The mood is quite different. I remember talking at the beginning of the year about the irreconcilable contradictions between miners and developers, and that the PoW form of Bitcoin would eventually be a major hazard. Because this is not only a problem of power consumption, but also a problem of too centralized calculation, which makes the whole network hijacked by a small number of large miners.\n\n--------------------------------------------\n\n\n> A few months later, these contradictions have been completely open and white hot. On August 1, some miners represented by ViaBTC openly forked out the first BitCoin Cash (BCC). The logic of their bifurcations is:\n\n\n\n+ SegWit and lightning networks are not strongly supported.\n\n+ We should be the successors of the Chinese Ben spirit.\n\n+ We need to upgrade to a large 8MB block to solve the problem of expansion.\n\n>These reasons are magnificent and can be used to fool some fools and speculators, but it is totally impossible to make a thorough analysis. Because:\n\n\n+ Not supporting isolated witness and lightning network, especially lightning network, actually protects the interests of miners and harms the interests of users. Because ordinary users can enjoy the benefits of lightning networks such as faster and lower fees. Don't blame BlockStream for making a fortune through the Lightning Network, because the Lightning Network business you can do, Lightning Network itself is just a better and more advanced technology;\n\n+ He didn't think so, and he didn't need you to inherit.\n\n+ 8MB does not solve the problem of BTC expansion, because you are just BCC, not BTC. The BCC network itself does not have much volume and does not need expansion.\n\n> If everyone can be honest and make their bifurcation logic clear, BCC's bifurcation logic can be written in this way:\n\n+ I'm going to make a currency I can control. I'm going to train my own development team and get rid of those nasty core developers.\n\n+ I need to take the opportunity to publicize and promote my viabtc exchange.\n\n+ I want to blow a bubble and let more leeks and speculators rush in, so that I can earn a fortune from China.\n\nAs a miner, this is only a part of the Bitcoin ecosystem, and now through bifurcation from the athletes, a sudden upgrade, can also serve as a referee, why not! In the near future, miners will say, \"I will modify the algorithm so that mine can be more efficient.\"\n\n\n\nLet's not criticize BCC anymore. After all, it is a legitimate chain of bifurcations. On October 25, another miner came out and said, \"We need to make Bitcoin more decentralized. We need to resist ASIC mining. We need to replace SHA265 with Equihash algorithm. We need to make Bitcoin only carry out GPU mining!\"\n\n\n\nOf course, the most important thing he didn't say is that because I can't do ASIC on BitContinent, I have a bunch of GPU miners on hand. Hey hey!\n\n\n\nNot to mention predigits and so on, so bit gold BitCoin Gold (BTG) appeared. This is too lazy to talk about, because there should be a lot of bit silver and bit brass chains behind, so just joke about them.\n\n\n\nThen, the joke was simply unable to laugh. Constant and uncontrolled divergence is eroding people's trust in Bitcoin (especially those who understand Bitcoin, except fools and speculators), which will eventually collapse one day.\n\n\n\nBefore the end of the matter, a bigger crisis is coming. The miners will have 2X bifurcation in mid-November, which is also the biggest division and the main struggle between the miners (or BU, of course, not that there is no disagreement between the miners, who represent the main force) and core.\n\n\n\nThe miners had a good reason for this divergence, and Core blatantly tore up the New York consensus without any contractual spirit. After 6 months of activation, the size of the block will be doubled. How can we go back on it? Core said that 1M size is enough, because after activating isolation witness, the actual maximum block size has reached 4M, and isolation witness already has 70% expansion effect, and it is expected to solve performance problems after activating lightning network. Moreover, if the block size is increased to 2M, it means that the maximum block size will be 8M, which may cause a lot of difficult problems to be solved, so it is not supported! uuuuuuuuuu\n\n\n\nCore is not prepared to give in this time. BU has no way back. This is not only a matter of face, but also of economic interests and voice. Core has more user support, core code and technology, and BU has an absolute majority of computing power, which is a balanced struggle. So Mars will hit the earth, and whoever wins and loses will be determined by the market.\n\n\n\nBut no matter who wins or loses, in fact, everyone has already lost. Bitcoin has already lost. When the total number of bitcoins is no longer capped at 21 million, it has already lost. Those bifurcators who claim to be the heirs of Nakamoto Spirit are not afraid to climb out of nowhere to ask you why they dare to blatantly destroy Nakamoto Spirit: the Bitcoin ceiling is 21 million!\n\n\n\nThen rising currencies masked these crises and led people to believe that bifurcation could not stop the pace of Bitcoin. Bitcoin prices continue to rise, there are factors of value return, there are factors of international political instability (Catalonia Independence Event, etc.), there are mainstream futures markets to join the Bitcoin variety (giving people the dream of legalization of Bitcoin), there are many new people through various events to understand Bitcoin, and establish a Bitcoin. The infinite love factor is too late for them to accept these crises because they are still immersed in the excitement of discovering a rich continent like Bitcoin.\n\n\n\nThe prosperity of currency price can not eliminate the crisis. This article does not want to predict the price of bitcoins, nor is it to suggest that there is a risk of falling. Looking at the whole future, we need to broaden our minds. Digital money is a great initiative, and it will succeed. It can not be said that bitcoin is a great initiative, and it will succeed.\n\n\nThe bifurcation of bits exposes the shortcomings of its consensus mechanism, PoW. Especially the PoW which can not resist ASIC mining is a major hidden danger. This makes the new encryption currency more and more use its alternative: PoS.\n\n\n\nWith the continuous bifurcation of Bitcoin and every major technological transformation, Bitcoin has become less and less like the previous Bitcoin. One day, it will be hard for you to tell which currency is your real bitcoin. Bitcoin is more like a pronoun, a representative of an era, and a spirit of pursuing freedom and utopian ideals in everyone's heart.\n\nby:[www.bitaves.com/](http://www.bitaves.com/)",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-27.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "bitcoin-bifurcations-and-future",
      "title": "Bitcoin bifurcations and future"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T10:57:09",
  "trx_id": "50f4b789c5fee93f119dd8030e2b8ed664c62c24",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 27575503,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "2hoc7r-morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "voter": "raise-me-up",
      "weight": 1
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T10:54:06",
  "trx_id": "0fe0eddb7738ac30dd255d3eea58c07c4bd2744f",
  "trx_in_block": 41,
  "virtual_op": 0
}

{
  "block": 27575371,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "2hoc7r-morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "voter": "steeming-hot",
      "weight": 50
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T10:47:30",
  "trx_id": "6fea1e689703fde5878aa6177ec53bfe076fdac0",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 27575304,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-26.png)\n\n>introduction:On November 15, BCH will face a potential split. If it does, one currency will be changed into two currencies, but there are some things to be noted, otherwise one of your currencies may become invalid.\n\n### 1.BCH protocol upgrade\n\nIn November 15th, BCH faced an escalation of the agreement. There are two competing versions of the protocol upgrade, bitcoin ABC 0.18.2 and bitcoin SV 0.1.\n\nAbc 0.18.2 protocol version is mainly modified by adding two opcode, OP_CHECKDATASIG (CDS) and OP_CHECKDATASIGVERIFY (DSV), and changing the transaction sorting rules in blocks from TTOR to CTOR.\n\n\n\nThe main modifications of the SV0.1 protocol version are to restore the four early bitcoin opcodes, namely, OPCode, OP_MUL, OP_LSHIFT, OP_RSHIFT, OP_INVERT; to remove 201 opcodes per script; and to raise the block size limit to 128MB.\n\n\n\nThere are some other changes in the two version, but this article focuses on the operation code.\n\n\n\nThis competitive upgrade of BCH's agreement may lead to splitting, that is, one chain into two chains, one currency into two currencies. And because the two chains use the same forkid, there is no replay protection for each other, that is, transactions on one chain may also be legal on the other.\n\n\n\nConsidering the transaction replay and transaction script of two chains, this may lead to transactions sent by users on one chain, which is legal on the other chain, but may never be spent on the other chain. That is, transactions can be legally replayed, but they cannot be legally unlocked.\n\n\n\nThe knowledge of transaction replay, as I wrote in the last article, I copied it to the next chapter of this article and skipped it directly. This article focuses on the fact that transactions can be legally replayed but not legally unlocked.\n\n\n### 2.transaction replay\n\nIf a block chain is split and a transaction is initiated on either chain, the transaction will be valid on both chains. This is to say that you have made two transactions. Another one here is \"replay\".\n\n\n\nLet me give an example to explain this. After the withdrawal of the army from Taiwan, Chiang Kai-shek replicated many of the mainland's institutions in Taiwan. For example, Tsinghua University was also built in Taiwan. In mainland China, there is also a Tsinghua University in Beijing.\n\n\n\nIf you write a letter to Tsinghua University in the United States, you use paper to send the letter to the postman. But the collection address only reads \"XXX of Tsinghua University, China.\"\n\n\n\nThis address can be interpreted as Tsinghua University in Beijing or Tsinghua University in Taiwan. The postman is in trouble. He simply photocopies your letter and sends it to two universities.\n\n\n\nThis is the replay attack. Because originally you only wanted to send it to Tsinghua University in Taiwan, but now it has been re-placed to Tsinghua University in Beijing.\n\n\n\nThe so-called replay protection is to find a way to make your transaction valid only in one chain and not in another chain. Thus, \"replay\" can be avoided.\n\n\n\nIf BCH is really split on November 15, and the two chains are not protected against replay, because both chains inherit the coins before the splitting point, the transactions constructed with coins before the splitting point are legal on both chains, that is, they can be replayed.\n\n\n\nBut if the deal uses a new OPCode, no matter which chain the OPCode is, it may produce a transaction that can be replayed but cannot be spent.\n\n\n### 3.P2SH transaction\n\nBitcoin has a transaction type called P2SH, Pay to Script Hash, which is paid to script hash. This transaction locks UTXO onto the script hash, because it is script hash, not script content, so the node does not know the script content when the transaction broadcasts, so it certainly does not know what opcode OPCode is included in the script.\n\nTo redeem the money in the P2SH transaction (that is, to spend the money in the P2SH address) requires computing the content of the script, which OPCodes the script uses will be known by the node.\n\n\n\nThe characteristics of the above P2SH will make the BCH P2SH replay very dangerous after this split.\n\n\n### 4.The P2SH transaction with the new opcode can be replayed, but it can not be spent on the replay chain.\n\nIf a P2SH transaction is constructed using UTXO before the splitting point after the splitting of BCH on November 15, a new OPCode is used in the script. The transaction is legal in both chains, because the nodes of the two chains cannot know that the transaction uses the OPCode of the other chain, so the transaction can be replayed.\n\nOnce the P2SH transaction is repositioned to another chain, it will not be redeemed, because the new OPCode of the opposite chain on this chain is illegal and can not be unlocked. This is equivalent to the loss of this currency in this chain.\n\n\n\nSo after splitting up, please be careful with the new OPCode. What if users need new OPCode to do business?\n\n### 5.First, make sure the currency is split accurately, and then use the new OPCode.\n\nIf BCH is really split and you need to use a new OPCode, you must first separate your coins from each other. Separation is to separate the coins before you split point and send them to a new address on the two chains.\n\n### Concluding remarks\n\nBifurcations and splits are knowledge that must be grasped by the block chain world.\n\nThe easiest and most effective way to split is to buy UTXO for a coinbase transaction from the mine in 100 blocks after the split point, send it to your BCH wallet, and then transfer all the balance to a new address at once. It only needs to be done once in a chain, and it can be completely separated.\n\n\n\nAfter separating the coin, you can use the new OPCode, because it will not be replayed anymore.\n\n\n\nIf you do not separate money before, it is best not to do the transfer, not to turn the currency to the beginning of the 3 address. The 3 address is the p2sh address.\n\n\n\nThe recharge address of some exchanges is a multi signature address, which is 3. Individuals suggest that exchanges suspend the use of address recharge at the beginning of 3, and that users should not recharge in such exchanges before separating currencies. Anyway, before separating money, it is best not to move.\n\n\n\nFor many small white users, the best way is to learn how to separate currencies. If not, store them in the exchange promising to potentially split currencies.\n\nby.http://www.bitaves.com/",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-26.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "2hoc7r-morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "title": "Morgan Stanley said - bitcoin mining industry tends to be saturated, is that so?"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T10:44:09",
  "trx_id": "08fe06801080ba6f18be339228260f2ef6ee75de",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 27575011,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "voter": "gioart",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T10:29:30",
  "trx_id": "cba0b12de40a47ae27ba484a510a4a0a0a17f91c",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 27574952,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-24.png)\n\nOn November 9, Morgan Stanley released an investment study that said it would maintain its Nvidia \"overweight\" rating, reduce its target share price from $273 to $260, and cut its third-quarter performance expectations for Nvidia.\n\nThe report mentions that revenue from Nvidia graphics processors increased dramatically once, driven by the digging industry of digitally encrypted currencies. But now, the relative shortage of resources is over. Analyst Joseph Moore (Joseph Moore) believes that for Nvidia, this is a trend against the wind.\n\n\n\nThe report also points out that the declining demand for Nvidia products in China and the unexpected demand for Turing products in Nvidia's new GPU architecture are all unfavorable factors for Nvidia.\n\n#### NVIDIA's mining business\n------------------------------------------------------\nOn May 10 this year, NASDAQ: NVDA announced its first quarter results after the closing of the U.S. stock market. The results showed that as of April 29, 2018, its first quarter revenue was $3.207 billion, up 66% from $1.937 billion in the same period last year, and its net profit was $1.244 billion. The US dollar increased by 145% compared with 507 million US dollars in the same period last year.\n\n\n\nInvida pointed out that as of the end of April in the first quarter, 289 million US dollars in operating income was related to the mining of encrypted digital currency.\n\n\n\nInvida said that by selling processors to digitally encrypted currency mines, Far Supermarket expects $200 million in revenue.\n\n\n\nThe company expects revenue from its digitally encrypted currency business to decline by about two-thirds in the second quarter. \"Digital Encryption Money Mine bought a large number of graphics processors in the first quarter, which pushed up the price of products. In view of this, I think many gamers have not bought new GeForce graphics cards.\n\n\n\nIn any case, the mining business has played a crucial role in NVIDIA.\n\n#### Bitcoin mining industry tends to saturation is reliable?\n------------------------------------------------------\nFollowing the release of the RTX series of new game chips on August 22, Chief Financial Officer Colette Kress announced that NVIDIA plans to suspend and withdraw from the encrypted currency business.\n\n\n\nThe most important reason is the impact of the encrypted money industry.\n\n\n\nPrior to that, according to the second quarter earnings data released by Invida, the stock price fell by nearly 5% in the trading period after the opening of the market. The earnings showed revenue of $3.12 billion and net profit of $1.101 billion. Both revenue and net profit exceeded market expectations, increasing by 40% and 89% year on year, but the decline was very significant compared with the previous period.\n\n\n\nIn addition, according to Nvida's projections, revenue in the third quarter may not be as good as expected, coupled with the recent downturn in the digital currency market, which has led to a decline in demand for miners. In the earnings data, the revenue of encrypted currency chips is only 18 million, which is less than the expected $100 million. The earnings data is down 3% from the first quarter, and the net profit growth rate in the second quarter is down sharply from 145.4% in the last quarter.\n\n\n\nAccording to 31QU observation, since March this year, the whole encrypted money market has gradually entered a bear market. As of November 9, almost all encrypted currencies have plunged by 70%, even broken and run. Under such circumstances, the money mining business will inevitably encounter the cold winter.\n\n\n\nOn November 8, the latest two mining machines, S15 and T15, were sold out for about 50 minutes, but according to 31QU, the miners'desire to replace new machines was not strong. In addition, media analysis said that the yields of the two machines were not higher than S9, which confirmed that the mining machine business was not booming. .\n\n\n\nIn other words, even if Yingweida chips research and development enterprises have withdrawn from the encrypted currency industry, as long as the bull market returns, it is difficult to guarantee that such enterprises will not come back. After all, the encrypted currency mining is indeed a profitable business.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-24.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "morgan-stanley-said-bitcoin-mining-industry-tends-to-be-saturated-is-that-so",
      "title": "Morgan Stanley said - bitcoin mining industry tends to be saturated, is that so?"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-10T10:26:33",
  "trx_id": "42510b1dd0208fc72ae31b87de77805175ba61b6",
  "trx_in_block": 25,
  "virtual_op": 0
}

{
  "block": 27516916,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"happlysky\",\"following\":\"istripper\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "happlysky"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-08T10:03:33",
  "trx_id": "c14eeb6a415a6ea151aea6f7a2b892e3bb4e52d5",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 27515868,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "ecological-reanalysis-of-neo-small-ant-state-channel-network-trinity",
      "voter": "hodlcoin",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-08T09:11:09",
  "trx_id": "4c13670a6b3bd83e6bfc7c5283e8a9572463d92b",
  "trx_in_block": 0,
  "virtual_op": 0
}

{
  "block": 27515341,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "ecological-reanalysis-of-neo-small-ant-state-channel-network-trinity",
      "voter": "devsup",
      "weight": 69
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-08T08:44:48",
  "trx_id": "ccc3bcd07272ee5944704f838bb0511791b0cec0",
  "trx_in_block": 5,
  "virtual_op": 0
}

{
  "block": 27515269,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "ecological-reanalysis-of-neo-small-ant-state-channel-network-trinity",
      "voter": "raise-me-up",
      "weight": 1
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-08T08:41:12",
  "trx_id": "1500d77d3f5fce4e6f190545c7e7f032f999cfec",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 27515041,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-23.png)\n\n#### 1.What is Trinity?\n------------------------------------------------\nTrinity is an under-chain expansion solution of eco-NEO in smart economy bottom block chain. It aims to provide fast and private payment experience for NEO users through state channel technology, and solve the shortage of space resources in the block chain. At the same time, the idea of separating logical execution and verification of intelligent contracts is creatively put forward, which avoids the high cost of deployment of intelligent contracts on NEO, and clears the obstacles for the credit problem of intelligent contracts on the chain of state channels.\n\n\n\n\n\nTrinity is a lightning network of NEO version, which is suitable for block chain transfer of NEP-5 standard tokens. It achieves real-time payment, low transaction cost, scalability and privacy protection of assets on NEO chain through state channel scheme.\n\n\n\n\n\nTrinity aims to become the infrastructure of Neo's smart economy, bringing Neo users a faster and safer trading experience, and enabling more block chain applications. Trinity is a standard state channel network. Because it is deeply embedded in the underlying block chain, it simply uses the efficiency advantages of traditional centralized network to establish private payment channels between users, but ultimately still uses the underlying block chain as the balance settlement.\n\n#### 2.Trinity operation principle\n------------------------------------------------\nIn terms of projects, Trinity is an important infrastructure supporting NEO's intelligent economic ecology. Nowadays, there is no congestion in NEO. It has the highest transaction throughput capacity of the main network in the public chain, but this does not mean that it does not need expansion. Although NEO has its own on-line expansion scheme, the complex business logic of DAPP inevitably requires an under-chain expansion scheme such as state channel. Moreover, users are unwilling to sacrifice performance in exchange for many advantages of decentralization, so it is particularly important to improve performance value.\n\n\n\n\n\nFrom an economic perspective, TNC (Trinity's Token) is the key to solving the problem of liquidity. At present, using Trinity network for direct channel payment is free, and the design of zero threshold lays the foundation for liquidity. Enterprises and individuals who deploy full-node routing channels can be rewarded by TNC to encourage more third parties to enter Trinity network as nodes, that is to say, to achieve the de-centralization of nodes.\n\n\n\n\n\nFrom a technical point of view, the payment transport layer network based on kernel optimization makes the transaction more efficient and secure. While enhancing mobility, it also controls the access of nodes at the technical level, and implements dynamic routing strategy to avoid the single node becoming too large to become a centralized network.\n\n\n\nThe core of Trinity's value is the state channel network, which aims to benefit more users from the state channel, so as to facilitate the establishment of the whole micro-payment ecological habits. Users are free to use the state channel, i.e. they do not hold TNC, and they can also enjoy the basic state channel services provided by Trinity. However, in order to ensure the availability of the state channel, Trinity needs many participants to work together, so TNC can play an incentive and balance role.\n\n\n\nThe state channel provides Trinity with the most basic P2P state channel service. The establishment process of the state channel is that both sides of the transaction mortgage assets on the block chain, and establish intelligent contracts for subsequent off-chain transactions as credit endorsement. The transaction parties can conduct real-time transactions through the state channel service provided by the layer. The layer service is suitable for DAPP usage in scenarios such as C2C instant payment and personal high frequency data acquisition.\n\n\n#### 3.Trinity function implementation\n------------------------------------------------\nCompared with other solutions of the same type, the demand is different because of the different ecological environment. Lightning Network is mainly responsible for the network of Bitcoin, and the main chain of Bitcoin does not carry such things as smart contracts.\n\n\n\n\n\nIn fact, Trinity and Raiden Network are comparatively similar, but Trinity will be relatively centralized in the initial stage. Because the location of the two basic chains is very similar, the expansion schemes of the main chain are similar. The logical and progressive steps and development routes are similar, even the challenges are similar. For example, how to solve the problem of consistency in multi-to-many state channels, the difference is that the execution strategies will be different.\n\nby:[http://www.bitaves.com/]",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-23.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "ecological-reanalysis-of-neo-small-ant-state-channel-network-trinity",
      "title": "Ecological reanalysis of NEO small ant -- state channel network Trinity"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-08T08:29:48",
  "trx_id": "3fccf88095a81c6da3c351261f53975a2a6a8925",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 27094621,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"happlysky\",\"following\":\"alphabot\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "happlysky"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-24T17:52:03",
  "trx_id": "b841b5590e926c4af98b2165e3528cce476fda1f",
  "trx_in_block": 7,
  "virtual_op": 0
}

{
  "block": 27094620,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"happlysky\",\"following\":\"bustillo\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "happlysky"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-24T17:52:00",
  "trx_id": "d3de4c8c6b2aadd5dd386a7f35b51c092ecd88c8",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 27094619,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"happlysky\",\"following\":\"fastresteem\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "happlysky"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-24T17:51:57",
  "trx_id": "cd4e16c10a178438233fef70b9b073a470bf4551",
  "trx_in_block": 16,
  "virtual_op": 0
}

{
  "block": 27094618,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"happlysky\",\"following\":\"zalat\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "happlysky"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-24T17:51:54",
  "trx_id": "67fa297b78b746a043f7463a482501fb4f52007d",
  "trx_in_block": 17,
  "virtual_op": 0
}

{
  "block": 27094608,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "whaleex-join-hands-with-mykey-to-open-the-door-to-universal-digital-world",
      "voter": "alphabot",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-24T17:51:24",
  "trx_id": "913db4d1c1243345f2d25d31247f99663b4eae9d",
  "trx_in_block": 28,
  "virtual_op": 0
}

{
  "block": 27094605,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-22.png)\n\nIt's the 10th year since Bencong dug up the first bitcoin in mid-2009, announcing the beginning of encrypted digital money. After 10 years of development, how many users are there in the digital world? In the search for the Holy Grail, coin founder Gu Lu said:\n> So far, 30 million people who have held encrypted assets are a good guess, according to coinbase. By December 2017, the global population was 7.63 billion, with 4.16 billion Internet users (https://www.internetworldstats.com/stats.htm), 0.7% of encrypted assets and 0.4% of the global population.\n\nAs can be seen, after nearly 10 years of development, encrypted digital currency, so far an average of 1,000 Internet users, only 7 people have held encrypted assets. What causes the low penetration of encrypted assets? There are many reasons. This paper tries to explain the problem of user penetration from two aspects: the pain of digital asset accounts and the death of centralized exchanges. At the same time, it simply puts forward that the combination of decentralized exchanges and self-sovereignty will be the KEY that opens the door of the digital world for the masses.\n\n##### Pain in digital asset account\n----------------------------------------\n###### The pain of digital wallet\nAt present, the underlying facilities of the block chain are still in the construction stage, and the growth of a large number of public chains can be described as flourishing. However, token based on different public chains needs different digital wallets because of its particularity.\n\n\n\nIt is not hard to imagine that if a user holds ETH or EOS, he needs two wallets, and he needs to download two app. Besides, there are many wallets that can receive ETH, and so do EOS.\n\n\n\nHow to choose these wallets has become the first pain for new users to enter the digital assets world.\n\n###### Pain of public key private key memorizing words\nA new user chooses a wallet app and creates an account for himself when he enters. For the sake of the security of the account, the digital wallet usually automatically generates the public key, private key, and mnemonic corresponding to the account. When the phone is replaced, lost or the password is forgotten, the digital wallet can restore the previous state of the account through this information.\n\n\n\nFor the sake of account security, this information should not be known by a third party. The suggestion of each wallet is to copy it manually and keep it in a safe place. However, for these irregular strings, as humans, there will always be errors, such as copying one of the characters wrong, forgetting, once thought safe places have been unsafe (such as stolen, more extreme house fire, etc.), but in digital wallets is not allowed to make mistakes.\n\n\n\nFor new users, digital assets are a brand new thing, need to learn and remember so much information, not necessarily to ensure the security of their funds, which in the new user entry, caused great psychological pressure. People lose their loathing. In this step, the majority of users are blocked.\n\n\n##### The death of central exchange\n----------------------------------------\nThe issue of traditional centralization exchanges is also criticized by many circles. In early July, the founder of V, the founder of the etheric workshop, told the theme Salon of TechCrunch block:\n> \"I want the central exchange to die.\"\n\n\n###### High cost\nAccording to insiders, a project to the exchange, according to the ranking of the exchange, the exchange needs to provide hundreds or even tens of millions of yuan fees. This high cost has prevented some quality projects from getting outside investment because of the lack of foreign currency funds. It's hard for people outside to get in because of high quality projects.\n\n\n\nAt the same time, high transaction fees and cash handling fees make the user's use cost extremely high.\n\n###### Tedious KYC authentication\nBecause of the large number of exchanges, different items are often listed on different exchanges, and the currencies that users want to invest in may be in multiple exchanges. However, the exchange for users not authenticated by the real name of KYC, there are limitations in the use of functions, KYC authentication is a complex process, users are worried about privacy information leakage, the platform is used for other purposes, many users have stopped here.\n\n###### Opaque leads to lack of trust\nWhen a user transfers money to an exchange, token is transferred to an account in the exchange platform. When a transaction occurs on the exchange, the user changes only a number, not a transfer of token. Token will only refer to the user's target account from the system account when the user raises the present.\n\n\n\nIn the meantime, the data in the centralized exchanges are opaque and may divert users'tokens from the exchanges (such as buying other tokens). Some exchange withdrawals need to be audited and delayed. It is very likely that the token in the account has been misappropriated and the system does not have enough token to pay for the withdrawal of the user.\n\n\n\nIn addition, frequent security incidents and scandals in the central exchange have led to serious losses to investors'property, and the supervision and legal aspects of the parties are not perfect, even if investors suffer losses, it is difficult to recover.\n\nTo sum up, MYKEY solves three problems: easy management of private keys, low learning threshold, free use and so on. MYKEY keeps good assets for users on the spot. WhaleEx makes transactions transparent, free of charge, non-loss of money, liquidity, self-repairable, on-site to ensure the safety of user assets. The combination of the two fields will be the key to open the digital world.\n\nby:[http://www.bitaves.com]",
      "json_metadata": "{\"tags\":[\"eso\",\"crypto\",\"cryptocurrency\"],\"image\":[\"http://www.bitaves.com/images/pasted-22.png\"],\"links\":[\"https://www.internetworldstats.com/stats.htm\",\"http://www.bitaves.com\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "eso",
      "permlink": "whaleex-join-hands-with-mykey-to-open-the-door-to-universal-digital-world",
      "title": "WhaleEx join hands with MYKEY to open the door to universal digital world"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-24T17:51:15",
  "trx_id": "a9e3ddfee712dd7f6a50b734d1f90ac760d62442",
  "trx_in_block": 24,
  "virtual_op": 0
}

{
  "block": 26972339,
  "op": [
    "author_reward",
    {
      "author": "happlysky",
      "permlink": "what-is-the-use-of-cpu-exceeding-the-standard",
      "sbd_payout": "0.061 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "151.355402 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-20T11:53:30",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 4
}

{
  "block": 26773365,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "what-is-the-use-of-cpu-exceeding-the-standard",
      "voter": "destbest",
      "weight": 1000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T13:57:09",
  "trx_id": "0fa7dc2812f7ffcc85e286a0f81bf65bf819f638",
  "trx_in_block": 6,
  "virtual_op": 0
}

{
  "block": 26771953,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "web-3-change",
      "voter": "steemitag",
      "weight": 1000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T12:46:33",
  "trx_id": "07b2d8f4e531fa5ca4cfa7ade4551961c4b2895d",
  "trx_in_block": 16,
  "virtual_op": 0
}

{
  "block": 26771356,
  "op": [
    "comment_options",
    {
      "allow_curation_rewards": true,
      "allow_votes": true,
      "author": "happlysky",
      "extensions": [],
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "permlink": "web-3-change"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T12:16:42",
  "trx_id": "e0fc6ecc2dcdd32897cad043ae339ab48340096d",
  "trx_in_block": 9,
  "virtual_op": 0
}

{
  "block": 26771356,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-19.png)\n\n#### The Internet has changed again.\n\nOver the past decades, Internet based services have been developing centralization. Today, a handful of big companies have the platforms we use to search for information, store personal data, manage personal online identities, and communicate openly or secretly.\n\nMeanwhile, some seemingly unrelated edge technologies are developing, from encrypted information to digital money. In a loose community, \"Web 3\" has become an all-encompassing term describing a new generation of better Internet: an Internet that pays and finances digitally primitive, an Internet where \"decentralized\" applications compete with centralized applications, and an Internet where users have access to their identity and data. More control over the Internet.\n\nHowever, it is usually difficult for us to express clearly what all this means.\n\n#### What is the difference between Web 3 and the Internet age?\n\nWhat is \"de centralization\" and why \"centralization\" is so important? How can these new technologies be applied to practice?\n\n\n\n\n\nWe've spent years building the infrastructure that makes block chains more scalable, but who will actually use them, what will they do with them, and why will anyone use them?\n\n\n\n\n\nWe can not make predictions for the future. The future is not fixed: we must make the right choices to get the world we want. The focus is on describing a possible future, a future that is attractive enough to be worth building, a future that is clear enough to let us know what the first step is.\n\nThe Internet has undergone significant changes before, extending the network performance, function and scale. The Web has changed from a plain text site to a streaming video, from a static web page to a full-featured application that provides remote services through browsers, from a few servers to a global social network that promotes modern politics and culture.\n\n\n\n\n\nAs the network matures, we rely more and more on a few large companies. Google has built a fast and convenient search engine, which controls more than 74% of search traffic. Facebook has created a very popular social network and gained 2 billion 200 million people's control over online identity.\n\n\n\n\n\nWeb 3 is different from the previous Internet generation. The core of Web 3 is not speed, performance or convenience. In fact, at least so far, many Web 3 applications are slower and more inconvenient than existing products.\n\n\n\n\n\nWeb 3 is about ownership, about who can control the technologies and applications we use every day. It has broken the dynamic balance of Internet development in the past ten years: the trade-off between convenience and control. We're used to it, and it seems inevitable: of course, going online means being watched, and of course, registering a social network account means selling personal data to advertisers or worse. How else can it be done?\n\n\n\nWeb 3 rejected this statement. We can surf the Internet without giving control to those big companies. The above dynamic balance is not the iron law of the network, it is only the product of available technology at the time, but also the choice we make in the process of development.\n\n\n\n\n\n\"Web 3\" is a reform to build different technologies and make better choices. Instead of trying to replace the current network, we are trying to change the infrastructure while retaining what we like --- reform, not revolution.\n\n\n\n\n\nThe projects inside seem irrelevant, but they all share a common theme. Web 3 is a set of technologies that reorganize Internet control, ranging from financial projects (encrypted currency), to basic communications (end-to-end encrypted messaging), to mass consumer use cases (open social networks and P2P markets), to major Internet infrastructure (decentralized DNS), Web 3 encompasses everything.\n\n\n\nWeb 3 includes not only encrypted currencies, block chains, and other encrypted economic products, but also any technology that revolutionizes the centralized Internet so that users can regain control of their digital world. But these technologies are the most important contributors to the reform of Web 3 today.\n\n[http://www.bitaves.com/](http://www.bitaves.com/)",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\",\"cn\"],\"image\":[\"http://www.bitaves.com/images/pasted-19.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "web-3-change",
      "title": "Web 3 change"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T12:16:42",
  "trx_id": "e0fc6ecc2dcdd32897cad043ae339ab48340096d",
  "trx_in_block": 9,
  "virtual_op": 0
}

{
  "block": 26770947,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "有些卡",
      "json_metadata": "{\"tags\":[\"cn\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "elsasteemit",
      "parent_permlink": "steemit",
      "permlink": "re-elsasteemit-steemit-20181013t115615142z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T11:56:12",
  "trx_id": "b52d6831699a0ab72a369edf37e50753ae3f4826",
  "trx_in_block": 10,
  "virtual_op": 0
}

{
  "block": 26770922,
  "op": [
    "account_update",
    {
      "account": "happlysky",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://i.supload.com/rkgPBdSZOf.jpg\",\"cover_image\":\"https://i.supload.com/HJe98SgEdz.png\",\"website\":\"http://www.bitaves.com/\"}}",
      "memo_key": "STM7n5NGRSfw8bDQgYjNfSWmyunyqEaqppSCNwN1SaLYi15AcFZCF"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T11:54:57",
  "trx_id": "54f526c9c3f57fa073e4aaaf676f04c8df83cec3",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 26770893,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-18.png)\n> Today, many EOS users mention that their CPU resources are out of standard (in some EOS browsers, such as eosflare, they are shown in red), making transfer operations impossible.\n\nLet's talk about what's going on. Let's take a look at several questions about the EOS resource model. This article is only based on my limited personal understanding, if there is any misunderstanding, I look forward to your correction.\n\n\nToday we only talk about CPU, because the current network resources are not scarce, only a very small amount of EOS can get enough bandwidth resources.\n\n\n##### What is CPU resources \"explosion red\"?\n---------------------------------------------\nIf the amount of CPU resources you use in your account exceeds the total amount of CPU allocated to you. So, in some EOS browsers, if it's too much, it's shown in red, which we call CPU pop-up.\n\nTake EOSFlare as an example, and if it is not large enough, it will still be yellow.\n\n\n![](http://www.bitaves.com/images/pasted-17.png)\n\n##### When will this happen?\n---------------------------------------------\nWhen the number of EOS used as collateral for CPU resources suddenly increases in an EOS network, the available CPU resources corresponding to an EOS will be reduced.\n\n\n\nFor example, 10,000 EOS mortgages in your account were used in exchange for CPU resources, which were originally available for 10 minutes of CPU computing.\n\n\n\nYou've been playing games for a long time. Look, CPU resources have been used up for a minute, and there are still two minutes left. Don't rush to increase collateral. Keep playing.\n\n\n\nSuddenly, a DAPP team mortgaged a large number of EOSs, for example, doubling the total amount of mortgage directly, which resulted in halving the amount of CPU resources available for each EOS.\n\n\n\nThen, the CPU resources corresponding to your 10 thousand EOS become 5 minutes.\n\n\n\nIn this case, you've spent eight minutes of CPU resources; the amount of CPU resources allocated to your EOS has halved because of the surge in mortgages, and the total amount has changed to five minutes.\n\n\n\nIn this case, the overuse of your CPU can lead to no more transactions. At this time, your available CPU time is negative.\n\n\n\nBecause the available time = total quota time has been used.\n\n\n\nNow, how can we solve this problem?\n\n\n\nTwo ways:\n\n\n\nFirst, increase the total quota, that is, more EOS can be obtained by mortgage more CPU. According to our assumption above, you need to re-mortgage at least 10,000 EOSs to get the total CPU resource quota to change to 10 minutes.\n\n\n\nThe second is waiting. Because the CPU resource is linear recovery, and it will fully recover in 4 hours.\n\nIn addition, if the mortgage volume of the main network decreases, it means that the CPU resources allocated by a single EOS will increase and the total quota will also increase.\n\n##### How to improve: discuss together\n---------------------------------------------\nThe above is only the current solution, but either, more tokens need to be mortgaged or, well, longer. For EOS users, experience is not good. How to improve it better?\n\n\n\nJust now, in Chintai's project discussion group, some friends have provided some very interesting solutions. CPU resource model, how to optimize, reduce the impact on users, how to face today's scenarios, so that more people do not have to face the same problem.\n\n\n\nWhat is a better resource allocation system? I haven't thought of it yet, and I'm looking forward to my friends who are more concerned.\nSupport:[http://www.bitaves.com/]",
      "json_metadata": "{\"tags\":[\"eso\",\"crypto\",\"cryptocurrency\"],\"image\":[\"http://www.bitaves.com/images/pasted-18.png\",\"http://www.bitaves.com/images/pasted-17.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "eso",
      "permlink": "what-is-the-use-of-cpu-exceeding-the-standard",
      "title": "What is the use of CPU exceeding the standard?"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T11:53:30",
  "trx_id": "ed59b8b52963855ada3b7715c2986a8c5a75c4fe",
  "trx_in_block": 2,
  "virtual_op": 0
}

{
  "block": 26767490,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "the-value-of-the-block-chain-is-ten-times-that-of-the-internet",
      "voter": "davidfnck",
      "weight": 3000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T09:03:21",
  "trx_id": "7dc6153e5e935743e36760cb78f849f33502ae89",
  "trx_in_block": 9,
  "virtual_op": 0
}

{
  "block": 26766889,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-16.png)\n> \"Block chains are the second era of the Internet. Block chains are ten times more valuable than the Internet. Block chains are machines that create trust.\"\n\n\n\nThe remark was made in the CCTV Dialogue by Professor Zhang Shousheng, who described the history of the Internet from a historical perspective and replaced AT&T since the invention of the TCP / IP protocol. In the last era, the market value of Google and Facebook was 10 times or even 100 times that of AT&T.\n\n\n\nSo in the era of block chains, how can new technologies define value upgrades that can reach one or two orders of magnitude? As we all know, the knowledge of TCP / IP protocol solves the problem of information transmission, but it can not guarantee that the information transmitted is true, nor can it solve the problem of value storage and transmission. The block chain solves these problems and is on the stage of history. Through solving these problems, the block chain can be divided into three application levels from low to high from a global perspective and a development perspective.\n\n##### First application level: currency interconnection\nBitcoin has been widely accepted, similar to the \"cash\" on the Internet corresponding digital payment system has been applied to practice, using UTXO, to solve the twin-spending problem, making the use of the Internet to transfer funds possible. The legal currency in real society is still based on paper money and centralized accounting. The former has the problem of wasting resources, the latter has the problem of unreliable system security and uncontrollable system. These problems. This area: not only Bitcoins, but also counterfeit coins derived from Bitcoins, but also more secure and anonymous encrypted currencies.\n\n\n\nThe currency of the field will be more widely used in the future society with the attention of human privacy.\n\n##### Second application levels: asset interconnection\n\nThere are two typical applications of block chain in terms of intelligent assets and intelligent contracts.\n\n\n\nIntelligent assets generally refer to all tradable assets based on block chain models. Block chains can be used for any asset registration, storage and trading, including tangible (real estate) and intangible (voting, concepts, reputation information, etc.) Intelligent contracts are widely used. In block chains, contracts or intelligent contracts mean that the block chains can also embed more practical instructions into blocks. In the chain. Intelligent contracts have a very important feature or advantage. They also agree or disagree with each other to do something. Each party no longer needs to trust each other because the intelligent contracts are defined by code and can be automatically executed without anyone interfering. This is what we often call \"code is law\".\n\n##### Third application levels: interconnection of all things\nIn the future we all know what will happen in the Internet of Things, how useless it would be without the application of block chains. As long as the developer saves the data on the block chain, it can greatly reduce the running cost and improve the efficiency by maintaining a permanently immutable block chain data network based on timestamp records. Block chains can also improve the interconnection between objects. Combined with open and transparent distributed management of intelligent contracts, many problems in the traditional world can be solved.\n\n\n\nThrough the above logic and data demonstration, we have reason to believe that the real Internet is point-to-point value transmission, whether tangible or intangible assets, we can use new technology block chain to do more meaningful things, so block chain value is not 10 times the value of the Internet?\n\nSupport Click:[www.bitaves.com/](http://www.bitaves.com/)",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-16.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "the-value-of-the-block-chain-is-ten-times-that-of-the-internet",
      "title": "The value of the block chain is ten times that of the Internet."
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-13T08:33:18",
  "trx_id": "efa7b4371eeb277924c1007da236e9aa5237f06a",
  "trx_in_block": 43,
  "virtual_op": 0
}

{
  "block": 26692495,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "a-month-has-gone-through-5-lows-and-the-btc-market-has-steadily-stabilized-and-the-market-has-matured",
      "voter": "fastresteem",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-10T18:29:57",
  "trx_id": "dedee095a432eefbc45f708a9813f9ca4c531038",
  "trx_in_block": 12,
  "virtual_op": 0
}

{
  "block": 26692492,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "![](http://www.bitaves.com/images/pasted-14.png)\n> CCN1, Oct. 9, Bloomberg analyst Mike McGlone said the decline in encrypted currency trading was a mature market, so volatility should continue to decline. A new market will be very unstable at the beginning of its development. It will not mature until there are more participants, more derivatives, more hedging, arbitrage and trading methods.\n\nUp to now, bitcoin continues to maintain low volatility at the US $6500 mark. Experts say the encrypted money market is maturing as more money flows from traditional financial sectors.\n\nThe seller is weak or ushered in maverick city.\n\nMike mcglone, an analyst at Bloomberg, said the decline in volatility in mainstream encrypted currencies was one of the signs that the encrypted money market was maturing. He said the encrypted money market was starting to take hold and find comfort zones at lower prices.\n\n>This is a mature market, so volatility should continue to decline. A new market will be very unstable at the beginning of its development. It will not mature until there are more participants, more derivatives, more hedging, arbitrage and trading methods.\n\n\n![](http://www.bitaves.com/images/pasted-15.png)\nIn view of the price stabilization, price analyst Rampage said the bitcoin price has obviously bottomed out. Even if the volume of transactions in the encrypted money market now falls below $10 billion, it is hard to see Bitcoin fall below its current level.\n\nSimilar to the view of billionaire investor Mike Novogratz, Rampage stresses that Seller fatigue is beginning to show that short sellers are no longer willing to sell at $6,000. He explained:\n> As time goes on, price volatility will be lower and volume will improve. Interest is now at its lowest level in history, underpinned by low trading volumes and volatility, which means sellers have finished selling and the market has bottomed out.\n\nBitcoin trading is still low, and analysts expect to remain low in the next few weeks. The current low volume is due to a lack of sellers in the market, which may herald a bull market in the near future.\n\n[http://www.bitaves.com/](http://www.bitaves.com/)",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"image\":[\"http://www.bitaves.com/images/pasted-14.png\",\"http://www.bitaves.com/images/pasted-15.png\"],\"links\":[\"http://www.bitaves.com/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "a-month-has-gone-through-5-lows-and-the-btc-market-has-steadily-stabilized-and-the-market-has-matured",
      "title": "A month has gone through 5 lows, and the BTC market has steadily stabilized and the market has matured"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-10T18:29:48",
  "trx_id": "e8a5d788d775269ef607119fd3f00ca7aa7aee2e",
  "trx_in_block": 4,
  "virtual_op": 0
}

{
  "block": 26663441,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "ethernet-new-technology-can-realize-17000tps",
      "voter": "happlysky",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-09T18:16:45",
  "trx_id": "d3f346111216ce5e4a4fae0f3ad11d68db88cb7b",
  "trx_in_block": 38,
  "virtual_op": 0
}

{
  "block": 26662188,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "!http://www.bitaves.com/images/pasted-6.png\n##### 1. the new technology of the developer can achieve 17000tps\n\n\n\nIn September, Vitalik Buterin, co-founder of the ethernet, said the network could expand to 500 transactions per second (500 tps) using ZK-Snarks, the basic technology for Zcash, the privacy-focused encryption currency.\n\n\n\nHowever, Etaifang researchers Barry Whitehat, Alex Gluchowski, Harry R, Yondon Fu, and Pahilippe Castonguay recently introduced a solution called \"snark Side Chain\" that could extend Taifang's online trading capabilities to 17,000 (17,000 tps) per second, close to Visa's.\n\n\n\n\n\nComment: Snrk Side Chain is an under-chain solution that allows users to transfer tokens and ETH outside the main network of Taifang. With this under-chain transaction processing capability, Ethernet users can send and receive tens of thousands of transactions per second. In addition to this solution, the community of Ethernet developers has also proposed solutions such as plasma, fragmentation, and so on, in which fragmentation technology is of great concern to everyone. Recently, V God on Twitter called the launch of the \"Minimum Fragmentation Agreement\" program, and gave GitHub code library about Sharding, also confirmed the classic saying: Don't look at the price, The team is doing things. V also said that if multiple expansion technologies were applied together, the TPS of eth could reach 1 million. V it is natural for God to say such a thing, and it will certainly not be tongue tied. No matter when these technologies are landing. What is the actual effect? The speed of ETH is imminent, and now TPS has restricted the development of DAPP on eth, seriously affecting the user experience, which needs to be changed immediately.\n\n\n\n\n\n##### 2. PWC will introduce a stable currency linked to the US dollar.\n\n\n\nPricewaterhouseCoopers has been involved in the issuance of stable currencies, according to Bicoin.com. It is the first time a well-known accounting firm has joined the ranks of stable currencies issuing in cooperation with Cred, the encryption currency lending platform.\n\n\n\n\n\nComment: It is reported that throughout September, a total of 15 institutions launched 13 stable currencies, most of which anchored US dollars, and also anchored offshore RMB, Australian dollar, Japanese yen and gold. The advantage of stable currency is that in the field of encrypted currency payment, especially in the field of cross-border payment, it can keep the monetary value of unit price stable to a certain extent. At the same time, it can let investors change their encrypted currency into these stable currencies to reduce the risk. At present, stable currency mainly has three types: 1. Statutory asset mortgage stability. Fixed currency; 2, digital asset mortgage type stable currency; 3, unsecured / algorithm stable currency. The first is USDT, which accounts for 90% of the stable currency market and has a total market value of more than $2.8 billion. But the continued issuance of USDT has left investors wondering if Tether's bank account really has so many dollars, and the opacity of team information and financial statements is unknown. Stabilized currency can solve the risk of centralized trust to a certain extent, but most of the current stable currency does not have large institutions to endorse trust, can not guarantee its stability, investors should be aware of the risk.\n\nMy blog:[http://www.bitaves.com](http://www.bitaves.com)",
      "json_metadata": "{\"tags\":[\"eso\",\"crypto\",\"cryptocurrency\"],\"image\":[\"http://www.bitaves.com/images/pasted-6.png\"],\"links\":[\"http://www.bitaves.com\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "eso",
      "permlink": "ethernet-new-technology-can-realize-17000tps",
      "title": "Ethernet new technology can realize 17000tps"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-10-09T17:14:00",
  "trx_id": "44c0e03a009ed3388c34d82acd2c6851229ca5e6",
  "trx_in_block": 11,
  "virtual_op": 0
}

{
  "block": 25427938,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "29335.564339 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-08-27T06:58:15",
  "trx_id": "80650bd3b6f87a9f6012abad95af43736f3d2244",
  "trx_in_block": 38,
  "virtual_op": 0
}

{
  "block": 25427524,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "所以只能说。坏人慢慢变老了。",
      "json_metadata": "{\"tags\":[\"cn\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "stabilowl",
      "parent_permlink": "re-oflyhigh-2p9rl1-20180827t045043721z",
      "permlink": "re-stabilowl-re-oflyhigh-2p9rl1-20180827t063731332z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-08-27T06:37:33",
  "trx_id": "89fd731b4ddc2a11ef17d3458ff74321c7199969",
  "trx_in_block": 13,
  "virtual_op": 0
}

{
  "block": 23103371,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "9140.261885 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-07T03:59:03",
  "trx_id": "199a30765469c49fb9031cbee04056a3bf0200b3",
  "trx_in_block": 30,
  "virtual_op": 0
}

{
  "block": 22572398,
  "op": [
    "delegate_vesting_shares",
    {
      "delegatee": "happlysky",
      "delegator": "steem",
      "vesting_shares": "29495.425098 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-19T17:05:39",
  "trx_id": "908565be0ff2ccef780a5fdbd1f08856c3e64635",
  "trx_in_block": 30,
  "virtual_op": 0
}

{
  "block": 20484851,
  "op": [
    "vote",
    {
      "author": "happlysky",
      "permlink": "re-elsasteemit-learn-to-cook-chinese-dishes-china-or-pork-braised-tofu-20180308t034220548z",
      "voter": "elsasteemit",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-08T03:40:48",
  "trx_id": "9e80c8da8a1f422795d55be1fe5b201ee11957b5",
  "trx_in_block": 68,
  "virtual_op": 0
}

{
  "block": 20484849,
  "op": [
    "comment",
    {
      "author": "elsasteemit",
      "body": "是的，老抽，大块的是豆腐，拍照走神，酱油还放的有点多：（（（",
      "json_metadata": "{\"tags\":[\"cn\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "happlysky",
      "parent_permlink": "re-elsasteemit-learn-to-cook-chinese-dishes-china-or-pork-braised-tofu-20180308t034220548z",
      "permlink": "re-happlysky-re-elsasteemit-learn-to-cook-chinese-dishes-china-or-pork-braised-tofu-20180308t034042042z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-08T03:40:42",
  "trx_id": "6cc710ee1a800ea9c1d317fed091974520144ac6",
  "trx_in_block": 25,
  "virtual_op": 0
}

{
  "block": 20484812,
  "op": [
    "comment",
    {
      "author": "happlysky",
      "body": "上色的酱油用的是老抽？感觉肉的色还不是很浓。。。",
      "json_metadata": "{\"tags\":[\"cn\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "elsasteemit",
      "parent_permlink": "learn-to-cook-chinese-dishes-china-or-pork-braised-tofu",
      "permlink": "re-elsasteemit-learn-to-cook-chinese-dishes-china-or-pork-braised-tofu-20180308t034220548z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-03-08T03:38:51",
  "trx_id": "c8236ed6a9242681d2db0b8a5d3e639a70bf75fd",
  "trx_in_block": 72,
  "virtual_op": 0
}

{
  "block": 20261503,
  "op": [
    "account_update",
    {
      "account": "happlysky",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://i.supload.com/rkgPBdSZOf.jpg\",\"cover_image\":\"https://i.supload.com/HJe98SgEdz.png\"}}",
      "memo_key": "STM7n5NGRSfw8bDQgYjNfSWmyunyqEaqppSCNwN1SaLYi15AcFZCF"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-28T09:23:15",
  "trx_id": "60f6c26ca095b4cb1c86410d9f351fcbe92751be",
  "trx_in_block": 1,
  "virtual_op": 0
}

{
  "block": 20261431,
  "op": [
    "account_update",
    {
      "account": "happlysky",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://i.supload.com/rkgPBdSZOf.jpg\",\"cover_image\":\"https://i.supload.com/Hkxt84lNOz.jpg\"}}",
      "memo_key": "STM7n5NGRSfw8bDQgYjNfSWmyunyqEaqppSCNwN1SaLYi15AcFZCF"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-02-28T09:19:39",
  "trx_id": "aec6c22a75c4df1e71531ffd69f8d68788675891",
  "trx_in_block": 35,
  "virtual_op": 0
}