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      "author": "steemitboard",
      "permlink": "steemitboard-notify-jabba-q-20190322t120533000z",
      "title": "",
      "body": "Congratulations @jabba-q! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@jabba-q/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/@jabba-q) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=jabba-q)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/carnival/@steemitboard/carnival-challenge-here-are-the-winners\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/rltzHT.png\"></a></td><td><a href=\"https://steemit.com/carnival/@steemitboard/carnival-challenge-here-are-the-winners\">Carnival Challenge - Here are the winners</a></td></tr></table>\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!",
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      "memo": "☆ Hi! We are creating one of the first Multichain tokens ever working on ETH, EOS and NEO: 3 in 1. Please check out our project  🔥Ducatur.net🔥 •MVP is ready  •3 Hackathons won  •Softcap Reached 📬 Any questions please feel free to contact me  [email protected] ☆"
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      "body": "Congratulations @jabba-q! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@jabba-q/birthday1.png)](http://steemitboard.com/@jabba-q)  1 Year on Steemit\nClick on the badge to view your own Board of Honor on SteemitBoard.\n\n> Upvote this notificationto to help all Steemit users. Learn why [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "Hi @jabba-q, thanks for this elaborate article and it's update (1).\n\nI wondered: since then some time has elapsed in cryptospace... so... would you be interested to give it a new update including maybe e.g.\n\n- a reference to the early january article series (2) ... As far as I understand one of the main points of criticism towards IOTA has been flaws in IOTA's code...This is hard to understand for a non-IT/tech expert...but it seems like this series of articles address most of it. Am I correct (!?);\n\n- a comparison with IOTA' s main competitors, if you see any, like ITC (the Chinese IOTA?) and HDAC (...?). In this respect I liked some insights from this article (3) ...and especially the comments of users qingdu (although I don't fully grasp all of them) and farmcube. But...didn't further dig into it yet (reddit, bitcointalk,..?).\n\nLooking forward to your reply...!\n\n(1) https://steemit.com/iota/@jabba-q/iota-protocol-leaping-forward\n(2) https://blog.iota.org/official-iota-foundation-response-to-the-digital-currency-initiative-at-the-mit-media-lab-part-4-11fdccc9eb6d\n(3) https://medium.com/@k.emre/iot-chain-itc-or-iota-7bda065fc481\n#cryptocurrency #iot #iota #review #due-diligence",
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      "permlink": "re-jabba-q-what-is-really-behind-pivx-big-bang-20170916t131208441z",
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      "body": "Nice post. I was about to post a similair post. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) I was wondering if anyone of you uses:  https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins.  Check: https://www.coincheckup.com/coins/PIVX#analysis For a complete PIVX Detailed report",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://satoshiwatch.com/coins/iota/in-depth/iota-leaping-forward-tangle-technology/",
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      "parent_permlink": "iota",
      "author": "jabba-q",
      "permlink": "iota-protocol-leaping-forward",
      "title": "IOTA Protocol Leaping Forward",
      "body": "Our article from July 7, 2017, titled [IOTA — The Winner Takes it All](https://satoshiwatch.com/coins/iota/in-depth/iota-the-winner-takes/)  has been read, or at least seen by over 10,000 people thus far. Both the staggering pace of IOTA development and increasing amount of trolling regarding this breakthrough technology, IMO, warrants an in-depth update on IOTA. So here we are:\n\n<h2>The Cutting Edge Research</h2>\n\nSt. Petersburg State Polytechnical University creates one of the most powerful super-computing centers in Russia based on a heterogeneous system with RSC direct liquid cooling and peak performance over 1.1 PetaFLOPS.\n\n<h3>Super-computing IOTA</h3>\n\nDavid Sønstebø one of the already legendary IOTA's Fantastic Four wrote: \"IOTA is working with software titan Luxoft and a great team at the Peter the Great St. Petersburg Polytechnic University who possesses a 1.1 PetaFLOP supercomputer. We are utilizing this talent and these immense computational resources to research different scenarios and topologies of the IOTA Tangle in order to optimize the protocol and explore the full underlying potential of the technology in great depth.\"\n\nA petaflop is the ability of a computer to do one quadrillion floating point operations per second (FLOPS) so a petaflop computer requires a massive number of computers working in parallel on the same problem. Applications might include real-time nuclear magnetic resonance imaging during surgery, astrophysical simulation or IOTA's Tangle topology.\n\nIf IOTA tech is valuable enough to justify speeding such a sheer amount of computational power on testing and research, judge for yourself what does it mean for IOTA and its future. The devil's in the detail, so when Sønstebø writes: \"With confirmation of current results we can move towards standardization of the protocol itself,\" he's telling you that IOTA might be on the verge of real breakthrough regarding one of its key goals: IOTA as the standard protocol for IoT. (Internet of Things) This by itself is huge.\n\n<h2>Real World Application -- Weather Node</h2>\n\nThe IOTA Weather Node is a Weather Station built with a Raspberry Pi and the add-on board Sense HAT . The Weather Station send and receive data over the IOTA Protocol.\n\nThe IOTA Weather Node waiting until a client send a transaction with >0 IOTAs and a message. (note the zero, 0 IOTA's. That's IOTA's feature that is basis of its data integrity related efforts) With the message the client tell the node what is his request and an address on which the node can send his answer. So can be send a command is arrived over the IOTA Protocol. After this he read the Weather info from the Sense HAT and send them back or just show a promotion on his 8x8 LED Matrix.\n\nAs our most valuable friend, Andrew Burger, writes, \"New, innovative information-communications technologies (ICT) have emerged as key facets driving rapidly growing investment in and deployment of innovative solar energy technologies, business models and enterprising “green” energy organizations around the world.\"\n\nI am kindly asking you to take a second and ponder this for a moment. From the weather node to the solar energy and IOTA Tangle that \"could dramatically enhance the sharing of locally produced solar energy, thereby enhancing returns on investment for solar energy producers, lower and substantially reduce energy costs for consumers and yield benefits for society as a whole.\" IOTA is a mind-boggling protocol that can indeed change how the real world -- outside of Bitcoin bickering and crypto kindergarten squabbles -- functions.\n\nWireless network sensors, unmanned aerial vehicles (UAVs or drones), new satellite remote sensing technology and low-power wide-area networks (LPWAN) are all being used to optimize production and performance of solar energy installations. IOTA could serve as a protocol and the money for all sort of data and value exchanges in the vast IoT economy it powers.\n\nDavid Cohen of the IOTA Foundation further elaborates: “Peer-to-peer energy sharing using DER (distributed energy resources) systems, including ‘solar plus storage,’ is part of a larger trend towards deployment and use of ‘transactive’ energy systems. IOTA provides a unique architecture that facilitates the micro-transactions that enable smart home and smart building nanogrids and microgrids to share and trade energy.” Such is IOTA's potential, best summarized in one word: ENORMOUS.\n\n<h2>World Class Team Expansion</h2>\n\nRemember, in contrast to Bitcoin blockchain, \"IOTA Tangle platforms do not rely on a special class of virtual “miners” with the scale of computer resources required to profit from solving complex cryptographic computing problems in order to win the rights to process digital “blocks” of transactions on Bitcoin blockchain “proof of work” virtual transaction, recordkeeping and administrative ledgers,\" writes Andrew Burger of Energy Ventures in his Genuine Peer-to-Peer Processing Makes IOTA Tangle What Bitcoin Blockchains Should Be article.\n\nAs such, IOTA keeps attracting world-class experts in their respective fields. Glance at this roster of mind-blowing talent that joined IOTA since our last in-depth update:\n\n**Andreas C. Osowski**, IOTA's team new member focusing on Rust implementation on IOTA had this to say: \"The IoT space lacks a well defined solution for M2M payments and universal secure M2M communication. When I first heard about the IOTA project and read the whitepaper, I was very impressed by the well defined approach therein. The future goals and past successes of the IOTA project and IOTA Foundation are very promising and I look forward to helping lay the foundation for the future of secure and scalable M2M and M2H solutions.\"\n\n**Chris Dukakis**, \"is currently working on a soon to be announced Proof of Concept that showcases how IOTA can uniquely create new business models in the real world, as well as **Hub IXI which lowers the barrier for exchanges to list IOTA** significantly.\" <-- Note this bit, and assess for yourself how hugely important Hub IXI is, given almost hysterical noise regarding \nIOTA and its acceptance to new crypto exchanges.\n\n**Alexander Renz**,  initiated SAP’s activities around the Internet of Things (IoT) in 2001 with the sponsorship of the MIT Auto-ID Center following a meeting with the CIO of Procter & Gamble, Steve David. Ponder this for a moment, IOTA has attracted an expert how has been in the IoT space for over a decade. Says Renz: \"Ever since I worked on IoT and self-governing systems in the early 2000’s I have been fascinated with the notion of smart, connected things and autonomous, self-organizing systems. What was missing all along was a scalable and secure infrastructure to run such systems. I am excited about the potential of distributed ledger technologies and the breakthrough that is IOTA. I strongly believe that IOTA has the potential to become the backbone of the Internet of Things and the emerging Machine-to-Machine economy.\"\n\nHe than continues: \"This is a great opportunity not only for the New Mobility ecosystem but all of us to play an active role in shaping the next generation Internet. Let’s create a future we all want to live in!”\n\n<h3>IOTA's Real Life Integration</h3>\n\nIt is worth mentioning that one of the most interesting ongoing ICO's -- Modum.io -- a Swiss based company that \"combines IoT sensors with blockchain technology to provide data integrity for transactions of physical products, streamlining supply chain processes in many sectors,\" has already utilized IOTA as one of the payment options for its ICO.\n\nIt is easy to imagine Modum would use IOTA protocol in its products and services.\n\nThan comes my personal favorite, **Julie Maupin**.\n\nJulie, a truly professional extraordinaire \"currently sits on the Fintech advisory board of the German Ministry of Finance and the G20 Digital Economy Experts Task Force and is a resource person for the UN Internet Governance Forum. In addition to her appointment at Max Planck, she holds external research appointments with the Centre for International Governance Innovation and the University College London Centre for Blockchain Technologies.\" And now she's a part of the IOTA Foundation. Here's why, in her own words:\n\n\"Decentralized technologies today are presenting humanity with unprecedented opportunities to re-think the way we organize both our individual and collective lives. Everything is up for re-invention. From finance to social networking to democracy itself… there has never been a better time to be on the cutting edge. Thanks to its adherence to the golden rules of parsimony, modularity, and interoperability, IOTA has the potential to truly become the backbone of the Internet-of-Everything. Especially when considered in combination with parallel developments in artificial intelligence, the possibilities are staggering. I’m thrilled to be part of this budding community of pragmatic idealists. I look forward to contributing to the mission to ensure that IOTA develops in impactful ways that deliver broadly distributed benefits not just to the fortunate few, but especially to the many historically underserved segments of our planet’s amazing and diverse populations.\"\n\n**John Edge**, a new IOTA Foundation member \"is currently a fellow at MIT Connection Science, with a mission to unlock the trapped potential of the digital networks that surround us — from social media, to civic infrastructure systems, to enterprise databases that house and protect personal information.\"\n\nThis is is why John has joined IOTA, in his own words: \"The transformation of telecommunications networks into transaction networks is not a new phenomenon, as per FIX protocols impact on capital markets. There are of course technology breakthroughs which create potential for change, however potential can only be turned into tangible value through organizations that are founded on purpose and know that success is predicated off diversity and collaboration. It is the purpose and action of the founders of IOTA, on top of the architecture of the underlying technology, that has attracted me to the organization and I look forward to working with the foundation to deliver on the clear potential of the protocol.\" (emphasis ours)\n\n**Lewis Freiberg**'s \"passion for technology is complimented by his Bachelors degree in Psychology from the University of Melbourne. A unique perspective that he uses everyday when tackling usability and interface design in his work,\" and now this passion servers to further IOTA's staggering progress.\n\n\"I’m excited to help build decentralised technologies with the IOTA foundation. This technology has the potential to change commerce for the better and fundamentally shift how we interact with the world,\" says Lewis as he now works to enable the said change.\n\nLast but not least, **Jeremy Epstein**, represents IOTA's leap toward the mainstream recognition of this exciting tech. Jeremy acts as the \"lead advisor to IOTA’s marketing / adoption team who is ramping up efforts to bring the vision, opportunities and technology of IOTA to the mainstream.\"\n\nJeremy has 20 years of international marketing experience, with a primary focus on helping to bring disruptive technologies to mainstream audiences. Most recently, Jeremy was VP, Marketing at Sprinklr, a “unicorn” which grew from a $20 million valuation and 30 people to $1.8 billion valuation and 1400 people in 4 years.\n\nNot convinced yet? Well, read on what the other people with some merit have to say about Jeremy:\n\n**Neeraj Agrawal**, a partner at Battery Ventures and a perennial member of the Midas 100 said, “there only about 100–150 people in the world who have this type of experience.”\n\nToday, according to **Joel Monegro**, the former lead blockchain analyst at top-tier VC firm, Union Square Ventures “Jeremy is the only person in the world going all-in on blockchain+marketing”.\n\nExpect great things in IOTA marketing, IOTA's former weakness trolls never failed to point to.\n\nThe South Hemisphere, its American portion, of our pale blue dot does not neglect IOTA as well. **Sergey Popov**, one of the Fantastic Four and the author of the IOTA's seminal White Paper, brought the two bright Ph.D students to IOTA.\n\n**Olivia Saa** and **Paulo Finardi** \"will be working on their Ph.Ds under IOTA co-founder professor Serguei Popov’s supervision with the intention to optimize Tangle algorithms, as well as providing formal proofs of its game theoretic assumptions,\" writes David Sønstebø on IOTA Blog, a MUST READ for anyone seriously considering IOTA.\n\nAt this point I must thank David for his timely, exciting updates I used so extensively for this summary.\n\n<h2>Many Possible Futures</h2>\n\n**Carsten Stöcker**, yet another valuable member of IOTA Foundation ponders the future: \"But for the next revolution in commerce, governance and social interaction we need to look up – about 100 miles up, into the low Earth orbit. There, falling prices for communication and earth monitoring satellites, along with blockchain-enabled security, will make everything from broadband communication to crop monitoring available not just to technology elites, but to the most remote farm, village or machine.\"\n\nCan anyone honestly think Bitcoin blockchan has the tech flexibility, speed and affordability (think IOTA's no fees protocol) will conquer this space, pun intended?\n\n**A sharing economy in space**\n\n\"A sharing economy in space means the distributed ownership of space assets and the data and communication services they produce. In this economy, satellites and their “products” would not only be owned by for-profit entities and governments, but by non-profit community groups, NGOs and individuals. They could even be “self-owned” by the assets.\"\n\nTo me, IOTA seems perfectly positioned to pioneer this exciting opportunity.\n\n<h2>Price, Exchanges, Trolls and Some Misconceptions  -- a Final Word</h2>\n\nIOTA guys created this mind-boggling tech on a shoestring budget. In September of 2017 as ICO insanity goes rampant to the point of having Floyd Mayweather (!) and Paris Hilton (!!, yes, her...) involved in the crypto space their budget seems so tiny:\n\nIOTA total supply is 2,779,530,283  Mi or 2779.530283 Ti. 1,337 BTC has been raised in total back there, during IOTA ICO. It has NOT been premined and the IOTA founders had to buy their own IOTA on the open market, as anyone else. Ponder that for another moment and compare with scams and greed prowling around crypto.\n\nTrolls can safely be ignored. IOTA is real, they are just that, irrelevant little trolls spewing garbage daily.\n\nExchanges will come. **Paul Handy** now has help in Chris Dukakis, as they develop Hub.IXI and it would happen sooner or later.\n\nThe price? Scroll through all of the above and ask yourself, do you really have to worry about the IOTA's price on Bitfinex, on September 1st, 2017, 6:02 AM ET (New York time) that's at $0.6531. This now represents 6.17% of ETH market cap and a comical 2.53% of the BTC market cap. IOTA, at this prices has already started to produce future stories, akin to those of buying BTC at $1.00 or $100.00...",
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      "body": "Really interesting article about a possible game-changer in the world of both Cryptocurrency, and the internet in general ! \nI am convinced the Internet Of Things like distributet computing power will take over in Future.\nI also like the fact you try to cover the whole story and history around that topic.",
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      "title": "IOTA — The Winner Takes it All",
      "body": "Following article is an in-depth look into IOTA and its Tangle resources available online, it sums this revolutionary tech up. **“IOTA tangle is a quantum-secure Directed Acyclic Graph protocol, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network.”**\n\n “As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.” \n\nEndpoints of the Internet of Things (“IoT”) will grow at a 32.9% compound annual growth rate from 2015 through 2020, reaching an installed base of 20.4 billion units. In 2020, 6.5 billion “things” will ship, with 64% of them consumer applications. Total spending on endpoints and services will reach $3.4 trillion in 2020. (source)\n\nIOTA is geared toward being the cryptocurrency of IoT.\n\nThe economy, in its simplest form, is a sum of transactions that make it up. If the IoT and the Machine Economy would live to fulfill its potential, the IOTA is positioned to win and to win big, beyond our wildest projections.\n\n<h3>A Transactional Settlement for the Internet of Things</h3>\n\nPonder some of the IOTA key advantages over blockchain’s based coins like Bitcoin (IOTA is a “blockchain-less” token, based on its own invention, The Tangle. See: https://iota.org/IOTA_Whitepaper.pdf):\n\n1. IOTA has zero transactional fees\n\n2. IOTA has no mining. All iotas were created in the Genesis transaction, after which all coins were distributed (IOTA Wiki states: \"A crowdsale was held from November to December 2015 during which 100% of the token supply was issued. ... Every IOTA token in existence was generated in the genesis transaction.\")\n\n3. Therefore, there are no mining benefits and / or shenanigans. IOTA is a complete decentralized network and as such it would not attract mining farms that have enormous advantage & influence in the Bitcoin space for example\n\n4. It’s quantum secure. Even supercomputers cannot break your public keys. To find out more, read the paragraph 4.3. of the White Paper, “Resistance to quantum computations” (p.24)\n\n5. IOTA is not only a token / currency but a protocol and can be used for not only on IoT devices but for almost any other use, like ensuring data integrity in information sharing\n\n6. The network becomes stronger when the number of transactions increases so no network congestion, like with Bitcoin or Ethereum, would happen with IOTA.\n\nIOTA is capable of transacting even sub-cent values because there are no fees involved. A whole new worlds has been opened in front of our eyes.\n\n<h2>The world of IOTA.</h2>\n![1-hY9nRJIaL0nrRqrHyLXU8Q.png](https://steemitimages.com/DQmd2fz6qthubVfTXrYhUnNahZWKdcs5rMPoSFBVSP5TDi2/1-hY9nRJIaL0nrRqrHyLXU8Q.png)\n_IOTA, an open-source distributed ledger protocol based on its its core invention “Tangle”._\n\n**Virtually No Transactional Limits**\n\nOn April 29, 2017, Dominik Schiener, one of the IOTA co-founders, tweeted: “ We’ve been running stress-tests all week long. It’s starting to look really good, with a public release coming soon. 1000 TPS next.”\n\nPonder this for a moment:\n\n![1-5Une7MrGWiBpuvfuisUwDA.jpg](https://steemitimages.com/DQmfVDBKWvsVjxrx6aDRvgZvhF8tkTSUQTtn2J9QdsHH7FV/1-5Une7MrGWiBpuvfuisUwDA.jpg)\n\nOn a small test-net network, 250 nodes in total, IOTA has already achieved a comparatively staggering 182.80 transactions per second. Bitcoin, on the other hand, at the time of writing had only 3.05 tx per second over its 7,868 nodes. No real real-world economy would be build on 3 or so tx per second or on the bitcoin’s sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB. (VISA processes over 2,000 tps)\n\nOverall, Dominik wrote, IOTA has so far facilitated more than 2.5m txs on the main network (with more than 30million on our respective testnets). This has enabled some $100m+ to be transacted, purely Peer to Peer without any transaction fees. < kindly please read this sentence again, $100m+ and no fees!\n\nHowever, each project is as good as the people behind it. Let us take a closer look at the guys who created and are in charge of IOTA.\n\n<h3>Development Team</h3>\n\n**Dr. Serguei Popov, Ph.D.** (in math from the Moscow State University) works in the field of the Probability Theory. His main lines of research interest are: Markov chains with discrete time and countable state space, Random interlacements, Branching random walks, Markov processes in random environment, Random billiards, Percolation and fractal percolation, Interacting particle systems and Queueing networks.\n\n![1-AiPxYYVLSiIVzzgVqk1JyQ.jpg](https://steemitimages.com/DQmYBancRbPnivjQdhukTwGuBEMByyXkLCjf3m4dNhcGELs/1-AiPxYYVLSiIVzzgVqk1JyQ.jpg)\n_Dr. Serguei Popov, Ph.D. (also “mthcl” on Bitcoin Talk and Nxt Forum)_\n\nDr. Popov also wrote The tangle, IOTA original White Paper. Herein, in his intro, you can find an acorn of what would become the crypto’s mighty oak tree:\n\n“The rise and success of Bitcoin during the last six years proved the value of blockchain technology. However, this technology also has a number of drawbacks, which prevent it to be used as a one and only global platform for cryptocurrencies. Among these drawbacks, an especially notable one is the impossibility of making micro-payments, which have increased importance for the rapidly developing Internet-of-Things industry. Specifically, in the currently available systems one must pay a fee for making a transaction; so, transferring a very small amount just makes no sense since one would have also to pay the fee which is many times larger.”\n\n![1-2lmuthn1Wpm4ycemuQ1rOA.png](https://steemitimages.com/DQmYnGMjizUY2nYQAUMrxrwAuFsceZgWYju8X3DofyXrge4/1-2lmuthn1Wpm4ycemuQ1rOA.png)\n\n_Colored Tangle picture from the IOTA Consensus Masterclass_\n\nIOTA Consensus Masterclass by Come-from-Beyond is the perfect place to start your understanding of the Tangle, should the White Paper prove to be a tad too difficult to fully grasp.\n\n![1-Apo34TWMRs6FouhndXtGbQ.png](https://steemitimages.com/DQmUmCj95rEeMB7vms6kW79rUVFXKwrgbhNoatXeT4UDFRZ/1-Apo34TWMRs6FouhndXtGbQ.png)\n\n_Sergey Ivancheglo_\n\nIt’s also a perfect segue into introduction of another of IOTA Key Developers, **Sergey Ivancheglo** who goes, as you may have already guessed, under the nick Come-from-Beyond.\n\nSergey was the key developer of NXT and in 2013 he created the first Proof of Stake consensus mechanism. You can enjoy his sharp repartees on IOTA Slack.\n\n**Dominik Schiener** and **David Sønstebø** are IOTAs bonne bouches whose wit and famous patience with trolls already made them legendary crypto personalities along with Come-from-Beyond. Let us start with Dominic.\n\nDominik Schiener, from Südtirol, Italy is now a Wahlberliner. He went to Shanghai for a Hackhaton and easily won with his Cargo Chain project.\n\n![1-5Xb_IjQqXKVhSswJtn0LzA.jpg](https://steemitimages.com/DQmefMV6dHDh5h4t3XnTA1fYvA3BqZsCgZnr1ie3fjQLntL/1-5Xb_IjQqXKVhSswJtn0LzA.jpg)\n\n_Dominik Schiener, on the right_\n\nDominik envisions a better world with the full empowerment of the individual in it. And he works hard to achieve this lofty goal. Along, he wins wherever he goes:\n\n— aforementioned Hackhaton won and the GTEC Blockchain Challenge: 2nd Place for the same CargoChain project\n—  he has also won the Südtirol Innovation Challenge organized by the Handelskammer Bozen (Business/Economic Chamber of Bozen)\n— Won the Technology category at the Emirates National Bank of Dubai FinTech Challenge.\n\nHe’s also a deep thinker. Ponder what he writes in “Treatise on Identity: Problems with the Status Quo”:\n\n\"The sad truth is that we live in an era where identity theft and mass surveillance are part of our identity. We have lost access to our true identity, who we are is dictated by those who are supposed to serve us. Privacy today is a sacrifice you take to be able to use a product. Your personal information is a precious good that is weighed in Dollars or Euros and traded between companies to target you with new products and services you most likely don’t care about. The information that you publish once is forever engraved and shared between servers around the globe, waiting to be accessed by an intruder. On the other side of the coin, we have a situation where people don’t know who they are because they didn’t receive proper identification on birth or during their lifetime. The economic potential and the personal freedom of millions of people is being limited through this issue of lacking identification.\"\n\nSuch passion, as Dominik's, helps creating the better world.\n\n**David Sønstebø**, another co-founder of IOTA, “the Crypto’s Rising Star,” is a serial entrepreneur with a passion for any kind of technology that can push human progress forward. He is heavily involved in Internet-of-Things, distributed ledger/blockchain/tangle technologies, Smart Cities, Digital identity, e-Governance and innovative hardware design.\n\nStatements such as “As Internet-of-Things keep expanding the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees,” or “In this new autonomous Machine Economy IOTA will be the backbone. The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well as store data from sensors and data-loggers securely and verified on the ledger,” taken from IOTA website showcase fascinating inner working of the David’s mighty mind.\n\n![1-N5Z_gEk_pWkF10ScvIY8Eg.jpg](https://steemitimages.com/DQmZAsXgN1zdqgXTeU34zS6nTmn39tbkqcs48GKQ62Tq68Q/1-N5Z_gEk_pWkF10ScvIY8Eg.jpg)\n\n_David Sønstebø_\n\n“The development team behind Iota has established itself as being highly competent, trustworthy, and patient. They have been transparent throughout the development process and have a clear strategy to implement this technology. Therefore; to me at least, the Iota team is proving itself to be one that I can really trust to invest in.” (source, Reddit. See: https://www.reddit.com/r/Iota/comments/6j7ctg/what_is_so_special_about_iota/djh4i72/)\n\nThe Magnificent Four, Sønstebø, Schiener, Ivancheglo and Popov are not alone. They are supported by both the IOTA Foundation and the blossoming IOTA community:\n\n<h3>IOTA Foundation</h3>\n\nThere are remarkable girls and guys in the IOTA Foundation. Briefly, they are:\n\n**Per Lind**, whose career includes working directly and indirectly with several of the largest brands in the world including Ford, Aston Martin, Mercedes Benz, SonyEricsson, Virgin Media and more.\n\n**Prof. Gideon Samid, Ph.D.**, PE, who obtained his degrees at the Technion — Israel Institute of Technology where he learned his craft serving the state of Israel, working at the Pentagon, Exxon, NASA, Sac, Presearch etc., is a scientist and an engineer committed to render technology useful and helpful for society at large, all the while mindful of the lurking abuse avenues to be monitored. Believing that innovation is the modern ‘religion’, Gideon developed the Universal Theory of Innovation, and applied it to developing mathematical and networking products (e.g. digital money) that serve as a rational foundation for collaboration even among mutually apprehensive partners.\n\n**Carsten Stöcker**, physicist with Ph.D. from University of Aachen is leading the Machine Economy/Blockchain Lighthouse in the innogy Innovation Hub. His ideas, often shared on his Medium pages are mind-blowing and well worthy of your time.\n\n**Dr. Navin Ramachandran MBBS BSc** (Hons) MRCP FRCR is a practicing radiology consultant at University College London Hospital (UCLH), an honorary senior lecturer / healthcare data researcher at University College London Centre for Health Informatics & Multiprofessional Education (UCL CHIME), and a co-founder of OpenCancer and the Platform for Enhanced Analytics and Computational Healthcare (PEACH).\n\n**David A. Cohen** is a Software Entrepreneur who works with CEOs, corporations, and startups to help them design and build world-class decentralized software systems. At Silicon Energy, he built the first web-based Distributed Energy Management platform and NOC used to create the first Virtual Power Plant. David then co-founded Infotility, and as CEO pioneered “the Grid Edge” and unlocked a multi-billion dollar SmartGrid market. He also developed the Auto-DR platform — now Open-ADR™ — the industry standard for automated demand response; and GridAgents TM the SmartGrid industry’s first intelligent agent-based software platform.\n\n**Regine Haschka Helmer** started her career in the early 90’s, at I-D Media AG, one of the fastest growing digital consulting agency in Europe as the COO. She was the youngest woman in the managing board of a German public listed company. During this time she managed the company´s IPO and was responsible for setup and managing international subsidiaries in London and Vienna.\n\n**Jochen Renz** was born and raised in Stuttgart, Germany, the birthplace of the car and home to world leading automotive players. Growing up, Joe expected to work for a local automotive company as an electronics engineer one day. Instead, he ended up working for an enterprise application startup that was later acquired by Computer Associates (CA Technologies).\n\nAs part of an international career that lead him to Geneva, Sydney, Frankfurt, New York, London and Chicago, Joe has held several international positions at Computer Associates (CA Technologies), including COO of European Operations.\n\n**John D. Halamka**, MD, MS, (Advisor to IOTA) is the International Healthcare Innovation Professor at Harvard Medical School, Chief Information Officer of the Beth Israel Deaconess System, and a practicing emergency physician.\n\nHe strives to improve healthcare quality, safety, and efficiency for patients,\nproviders, and payers throughout the world using information technology.\n\nJohn has been and is continuing to be involved in spearheading a myriad of modern eHealth practices. He has written 5 books, several hundred articles, and the popular and deeply fascinating Geekdoctor blog.\n\nWith the co-founders, the Foundation’s outstanding experts represent a human backbone of IOTA of an immense value.\n\n<h3>IOTA “Shadow Developers”</h3>\n\nAlready 30+ people working on applications on top of IOTA in addition to a number of active projects with more than 15 x corporate partners.\n\nNote Opportunity to join the Outlier Ventures Blockchain Programme IOTA Community and recall how Jamie Burke wrote that 99% of blockchain startups are bullshit. (Burke and Outlier are investors in IOTA; that was their first and thus far only investment in this space)\n\nIt’s not so difficult to imagine what these guys would work on.\n\nFurthermore, the ‘IOTA Ecosystem Fund’, which was valued north of $2,000,000, is entirely dedicated towards fostering growth of IOTA through incentivizing participation in expanding and shaping the ecosystem.\nIOTA Community\n\nSønstebø, Schiener, Ivancheglo and Popov are visionaries indeed but they alone, not even with the help of the remarkable experts gathered around the Foundation, would go far without overwhelming support of the community that believes in IOTA and its vision.\n\nIOTA virtual piazza is IOTA Slack https://iotatangle.slack.com/. Feel free to join and participate in sometimes fascinating discussions.\n\nAt the time of writing IOTA Slack has **12,206 members!!**, a number that is growing hourly.\n\n<h3>IOTA at Present (“What’s so Special about IOTA”)</h3>\n\nIOTA went public, on Bitfinex so far, on June 13, 2017. Currently it can be traded for USD, BTC and ETH there. At the time of writing, IOTA is ranked #8 on the CoinMarketCap, with the market cap around $1 billion (big “B”) dollars. This represents a stellar rise for still a lesser known, revolutionary technology poorly understood by many.\n\nIOTA, at the core layer is a dedicated settlement protocol for transactions and also data transfers, this it does exceptionally well. As such, IOTA has been already working with some well-known names like Microsoft, Ubuntu, Innogy, Cisco, Bosch to name only the publicly announced IOTA real world projects.\n\nMany more are in the pipeline.\n\n<h3>What Makes IOTA so Special?</h3>\n\n“IOTA tangle has been pen tested multiple times in the run up to the launch, and the results have always been positive. Also, during the first week a sustained attack was carried out by a bad actor and the result of this was simply a temporary improvement of the speed of the network.”\n\n<h3>Use Cases. Implementation. Future.</h3>\n\nDavid Sønstebø, in IOTA’s AMA said: “Even though IOTA very much started out with the exclusive focus on machine to machine payments and data integrity, the underlying protocol can of course be used for all sorts of distributed ledger settlements.”\n\n![1-x-mneGMRXHXr4uah7-d3KA.png](https://steemitimages.com/DQmWKP9HUdPf5yDiB5UokwH4u1g7ATTsn6HFvUVAPdFXv6P/1-x-mneGMRXHXr4uah7-d3KA.png)\n\n_Robots and Humans: A Peaceful Co-existence (??)_\n\nSønstebø continued: “I believe that anywhere a decentralized payment system is required/warranted, IOTA will serve that role due to zero fees and no scaling limitations. So beyond the ‘Machine Economy’, I also see Pay Per Stream use cases for music, video and game streaming. BitTorrent seeder-incentive. Pay Per Article type access services. Direct Ad-payments or alternatively get rid of ads on the internet entirely and instead some Pay For Browsing model.\n\nI truly see no limitation for new business models, when you remove fees you can create so many services that have been prohibited due to transactional cost.”\n\nEven more importantly, answering “konstmicsh” question, “name 3 IOT devices where you think we will see m2m payments with Iota first,” Sønstebø answered:\n\n1) Sensors selling data to data-centers for analytics (both in the cloud and increasingly in the fog)\n\n2) Devices buying bandwidth in a Pay Per Byte model, rather than having to deal with the red tape mess of subscription models which doesn’t scale when it comes to billions of devices doing tons of micro-transactions, we are doing this with Canonical/Ubuntu and Lime Microsystems already\n\n3) Photo-voltaic solar panels selling electricity to everything from cars to drones\n\n4) Cars paying for parking and charging\n\n5) Sensors buying storage, concluding with “these are the most obvious and already in the development ones.” \n\n<h3>Think Gaming</h3>\n\nAs games are becoming more and more not just a boxed delivery, but a service, “digital add-ons give video game makers a billion-dollar boost,” The Seattle Times wrote, so now think of cents or sub-cents additions to any game that simply can’t be created and sold for pennies with all the fees either fiat payments or Bitcoin transactions would incur.\n\n![1-Vr5aOzXjF9ChInW7VJIopA.jpg](https://steemitimages.com/DQmU69boU3kQ2mvKkVsRGU6df9scvHBBejmYWdH63xd1NgU/1-Vr5aOzXjF9ChInW7VJIopA.jpg)\n\n_Sub-cents gaming add-ons add to billions_\n\n<h3>Think Space</h3>\n\nCarsten Stöcker, a physicist with Ph.D. from University of Aachen who leads the Machine Economy/Blockchain Lighthouse in the innogy Innovation Hub writes: “… for the next revolution in commerce, governance and social interaction we need to look up — about 100 miles up, into the low Earth orbit. There, falling prices for communication and earth monitoring satellites, along with blockchain-enabled security, will make everything from broadband communication to crop monitoring available not just to technology elites, but to the most remote farm, village or machine.\n\n![1-Y1EDKGwSa2swznCXyfgyng.jpg](https://steemitimages.com/DQmP24bxebK2Q8hSrRXYyRKWPnJFiQyBPB6ZpzGBFbYQj5f/1-Y1EDKGwSa2swznCXyfgyng.jpg)\n\n“By democratizing access to space-based resources, we can create a more humane and just world.”\n\nIt is not difficult to imagine a tomorrow in which we’d be able to purchase an image of the Universe (or Earth, or our favorite star or planet) taken at the exact time of our child’s birth, our first kiss, you apply your own childhood’s dream and name it.\n\nOne thing is sure; all over the world the entrepreneurial spirits of those with true passion to build something new would be awaken to IoT and IOTA potential fairly soon.\n\n<h3>Sharing Economy</h3>\n\nMany people prefer using products and services to owning them. Thus a huge growth in the sharing economy is easily foreseen. Think of IOTA based APP unlocking a rental property or a bike, rented out and paid for, for only half an hour or so.\n\nThe possibilities are indeed endless.\n\n<h3>Less Visible IOTA Developments</h3>\n\n**Jamie Burke**, CEO & Investor at OutlierVentures.io (these guys are focused on the convergence thesis: where blockchain is foundational to Web 3.0 a more decentralised and automated future) lead a development that put a seven dollars figure investment into IOTA.\n\nNote the key statement from them: “ Almost all the corporate partners we speak to in Industry 4.0 who have deep IIOT requirement say the economics of today’s leading public blockchains simply don’t stack up for large scale deployment. Over the last 6 months one player increasingly kept on coming up in conversation about how this might be solved… IOTA.”\n\nIOTA has launched DLT Research & Innovation Network from Norway and has teamed up with leading Norwegian clusters, research and academic institutions to create a new DLT research and innovation network. Partners in this exciting new initiative are:\n\n— **Alpha Venturi**, a Norwegian strategic innovation and venture launchpad specialised in Distributed Ledger Technologies\n—  **Oslo Medtech**, a health innovation cluster aimed at enabling high quality care by developing and industrializing world class health solutions through our members and ecosystem, both for the Norwegian and global healthcare market\n— **Oslo Cancer Cluster*8, an oncology research and industry cluster dedicated to improving the lives of cancer patients by accelerating the development of new cancer diagnostics and medicines\n— **NTNU Center for Cyber and Information Security (CCIS)**, a national center for research, education and competence development in cyber and information security. The center is hosted and operated by the Norwegian University of Science and Technology (NTNU) and unites 25 public and private partners\n— **The Norwegian Centre for E-health Research** is tasked with contributing to a common national ICT solution for health and care services. The new research and assessment centre collects, produces and communicates knowledge required by the authorities to develop a knowledge-based policy on e-health.\n\nCompare all those developments with rather comical blockchain scene, powered by pure speculation, ICO madness and empty talk and ask yourselves, who’s here to stay and thrive for years to come.\n\nHint: IOTA!\n\n<h3>Current Crypto-Currencies Environment and IOTA</h3>\n\nIt’s fascinating to observe what’s going on on the crypto scene. Bitcoin, that was conceived to be a peer-to-peer electronic cash system is largely congested and currently serves as a dubious store of value. Ethereum, that was touted as a glorious “world computer,” “ a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference,” turned out to be a launchpad for bizarre ICOs, some of which are beyond ridiculous.\n\nThese grotesque developments are best seen in the Useless Ethereum Token example — it’s an ICO that “runs exactly as programmed without any possibility of downtime, censorship, fraud or third party interference,” i.e. it takes the money from the bozos that do not read or think.\n\nThe “Useless” crowdsale, at the time of publishing (July 22, 2017) has amassed $69,341.00 for its ingenious joker.\n\n![1-pPaoX22NchncMnWNLyNkCw.jpg](https://steemitimages.com/DQmVSWQHVTv32yUDtFkdsdh4HpsLqhJLr5SaL78yKJB98zc/1-pPaoX22NchncMnWNLyNkCw.jpg)\n\nAnd yet, the people are sending the money out. The crypto scene in a nutshell — a rampant madness.\n\nThis guy’s good.\n\nIt’s fascinating indeed to observe how fast the crypto-currencies put the humanity’s mirror image on display. It’s insane and flaky, lousy and loud, basically a piss poor protoplasm poorly put together that, as those proverbial lemmings running off a cliff, is rushing toward self-destruction.\n\nOn July 7, 2017 there are 804 crypto-currencies listed, some bonkers like Teresa May coin (Teresa May has been the British Prime Minister at the time of writing) or outright Ponzi scheme fraud like the BitConnectCoin.\n\nIn this crazy environment IOTA looks like an island of sanity, and more importantly of REALNESS.\n\n**In a nutshell, IOTA is by far the most serious and the most advanced, revolutionary technology that resolves most of the problems plaguing Bitcoin in particular and the whole crytpo-currencies scene in general.**\n\n<h3>Comment on the Short-term Price Movement(s)</h3>\n\nIt’s irrelevant.\n\nAsk yourself only one question: which project has innovation, real development, a fantastic team able to deliver, a great Net of support (developers, Foundation, Slack membership…) and will survive and thrive in the years to come?\n\nHint: IOTA!\n\nCrypto niche / markets are well too often polluted by hype, shortsightedness and trading games; it’s still a relatively small market easily moved by short-selling or panic buying. Just think, a few days since  David Sønstebø wrote this comment, (July 7th, 2017, 6:32 PM), IOTA MC (market cap) was at $544,896,337 while that pure Ponzi fraud, BitConnect Coin, was at about $377,023,133. What a sick joke.\n\n![1-7AtWwDJ2gj2KHjg93IYqPA.jpg](https://steemitimages.com/DQmag2ksN6HWrgSHdawRtTuCy6MWK7a2zu57JzfPDGT2GnC/1-7AtWwDJ2gj2KHjg93IYqPA.jpg)\n\n_A voice of reason in the midst of panic selling and cacophony of nonsense on July 7th, 2017_\n\nCrypto prices and MC (market cap) of many tokens are, mostly, indeed a gigantic joke reflecting poor judgement and, frankly, laziness. (many “investors” do not have a clue about fundamentals their “investment” posses or not)\n\nWhen the dust settles — not in a day or two but in years to come — most of the coins would be dead for a long time already. Only a handful, real projects would survive and win.\n\nIt is quite possible IOTA would be that winner that “takes it all.”\n\n<iframe width=\"560\" height=\"315\" src=\"https://www.youtube.com/embed/sucYlFWd7Wk\" frameborder=\"0\" allowfullscreen></iframe>\n\n<h3>Disclaimer:</h3>\n\nWhile we firmly believe IOTA is by far the best project and therefore also the best investment in the crypto space nowadays, this is NOT a recommendation to buy.\n\nDo your own due diligence and act accordingly. Risk only what you can afford to lose and never ever buy on margin or risk losing it all.\n\nMoreover, we own IOTA and if its price goes up we would have a nice profit.",
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      "author": "jabba-q",
      "permlink": "re-eskyboy-africa-is-block-chain-technology-the-solution-20170720t114216634z",
      "title": "",
      "body": "Hi man, good, interesting writing. \n\nCould you please contact me: \njabba-Q at protonmail dot com because I have a (paid) writing gig for you, should you be interested.",
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      "author": "headlypark",
      "permlink": "re-jabba-q-what-is-really-behind-pivx-big-bang-20170614t165635320z",
      "title": "",
      "body": "I think vcash have there act together now they have the new dev team and are working non stop to fix all the problems john Connor left behind",
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      "permlink": "re-jabba-q-what-is-really-behind-pivx-big-bang-20170518t004934170z",
      "title": "",
      "body": "My PIVX experience.\nhttps://www.minds.com/blog/view/708364986837114891",
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  "virtual_op": 0,
  "timestamp": "2017-04-09T16:35:15",
  "op": [
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      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "krishnayogik",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t163514426z",
      "title": "",
      "body": "@jabba-q dash is a small very small experiment in making, now if you are really really worried about the whole centralization thing ,  \n\nwhy not stop facebook , amazon , Microsoft basically any successful company ??\n\nYes dash is plutocracy , you buy your votes , whats wrong with that anyway ?\n\nlet me burst your little bubble , this same thing happens in any company , you buy your shares to get your voice now if you think this is a utterly unfair blah blah\n\ncreate a competition to dash and make it bigger than it , you are very welcome \n\nwe dash holders love it , we love competition",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"users\":[\"jabba-q\"],\"app\":\"steemit/0.1\"}"
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  "trx_id": "387f5dfdb6d34e8fad2d82ad67fa22b7795e2c0b",
  "block": 10918931,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-09T16:32:45",
  "op": [
    "comment",
    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -1579,16 +1579,17 @@\n X0.png)%0A\n+%0A\n Majority\n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "block": 10918917,
  "trx_in_block": 0,
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  "timestamp": "2017-04-09T16:32:03",
  "op": [
    "comment",
    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -1500,20 +1500,16 @@\n ling of \n-the \n holding \n@@ -1517,16 +1517,24 @@\n ommunity\n+ opinion\n %0A!%5BDash \n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "block": 10918889,
  "trx_in_block": 3,
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  "virtual_op": 0,
  "timestamp": "2017-04-09T16:30:39",
  "op": [
    "comment",
    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -527,128 +527,101 @@\n ere \n-not weighted towards those with an interest in seeing the cryprocurrency succeed rather than those who would see it fail\n+applied directly to an asset governance and not weighted in favour of those with most at risk\n .%0A%0AS\n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "block": 10918842,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-09T16:28:18",
  "op": [
    "comment",
    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -270,32 +270,40 @@\n ise \n-HOLDERS, not NON-HOLDERS\n+**holders**, not **non-holders**\n . In\n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "block": 10918816,
  "trx_in_block": 2,
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  "timestamp": "2017-04-09T16:27:00",
  "op": [
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    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -2287,16 +2287,20 @@\n re near \n+the \n %22Satoshi\n@@ -2306,43 +2306,107 @@\n i'%22 \n-bitcoin holding of 7%25 of the supply\n+level of centralised holding and all of them are well outnumbered when it comes to voting potential\n .%0A%0AT\n",
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  "timestamp": "2017-04-09T16:26:06",
  "op": [
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    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -1885,17 +1885,20 @@\n ally, th\n-e\n+ough\n  Dash ma\n@@ -2335,16 +2335,17 @@\n supply.%0A\n+%0A\n The pers\n",
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  "timestamp": "2017-04-09T16:25:39",
  "op": [
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    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -1874,16 +1874,474 @@\n etely.%0A%0A\n+Finally, the Dash may have its 'whales' like every other asset does, it's in fact one of the better distributed of the cryptos - far better than Bitcoin for example. The founder just divested himself of 80%25 of his holdings and OTC trades for the last 2 years have accounted for the largest known holder seeing a reduction of 300-400 masternodes to around 80. Despite that, none of them were ever anywhere near %22Satoshi'%22 bitcoin holding of 7%25 of the supply.%0A\n The pers\n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "block": 10918634,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-09T16:17:54",
  "op": [
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    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -1354,62 +1354,8 @@\n s:%0A%0A\n-!%5BDash stakeholders%5D(http://i.imgur.com/DBOqwX0.png)%0A%0A\n 1. a\n@@ -1541,16 +1541,68 @@\n mmunity%0A\n+!%5BDash stakeholders%5D(http://i.imgur.com/DBOqwX0.png)\n %0AMajorit\n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "trx_in_block": 0,
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  "timestamp": "2017-04-09T16:16:15",
  "op": [
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    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -347,25 +347,35 @@\n nded. Th\n-is articl\n+e scewed logic abov\n e attemp\n@@ -387,16 +387,25 @@\n  make a \n+slightly \n ludicrou\n",
      "json_metadata": "{\"tags\":[\"crypocurrencies\"],\"image\":[\"http://i.imgur.com/DBOqwX0.png\"],\"app\":\"steemit/0.1\"}"
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  "block": 10918566,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-04-09T16:14:30",
  "op": [
    "comment",
    {
      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "@@ -90,16 +90,17 @@\n chised e\n+x\n -holder \n",
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  "block": 10918555,
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  "timestamp": "2017-04-09T16:13:57",
  "op": [
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      "parent_author": "jabba-q",
      "parent_permlink": "dash-decentralized-governance-or-centralized-tyranny-of-the-few",
      "author": "toknormal",
      "permlink": "re-jabba-q-dash-decentralized-governance-or-centralized-tyranny-of-the-few-20170409t161356634z",
      "title": "",
      "body": "Is this supposed to be a serious appraisal or a thinly veiled sour-grape from a disenfranchised e-holder ? It’s difficult to tell the difference but I’ll give it the benefit of the doubt ;)\n\nFirst of all, Dash's decentralised governance system was designed to enfranchise HOLDERS, not NON-HOLDERS. In that respect it's working completely as intended. This article attempts to make a ludicrous comparison with democracy which works on a \"1 person 1 vote\" basis that would in fact be suicidal of it were not weighted towards those with an interest in seeing the cryprocurrency succeed rather than those who would see it fail.\n\nSecondly, lets stop for a moment and draw attention to the one significant aspect of governance that this article blatantly ignores: scope.\n\nA classic governance model such as bitcoin's notionally delegates control to three significant stakeholder categories: miners, merchants and developers. Holders only have an indirect influence through markets - i.e. if they don't like  the direction of travel their only recourse is to divest themselves of the asset in markets.\n\nDash adds a fourth stakeholder category to represent holders but even that does not give them 'control' over all aspects of policy - or even the significant ones. It’s influence is significant but its scope is confined to only two aspects:\n\n![Dash stakeholders](http://i.imgur.com/DBOqwX0.png)\n\n1. an executive role in the allocation of the periodic block reward to development proposals from contractors\n\n2. a consultative role in the form of informal polling of the holding community\n\nMajority mining still rules ultimately over protocol. Merchants still decide what to support and developers can write what code they want independently of Dash's governance system. They may even have that protocol accepted by miners in which case they've bypassed it completely.\n\nThe perspective presented in this article therefore represents little more than a troll-like attempt to paste some-kind of faux ethical conflict onto what is actually an extremely successful and growing initiative.",
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