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White Paper, Miner, Pizza … | "Old Objects" in the Cryptocurrency Museum

White Paper, Miner, Pizza … |
https://preview.redd.it/giu1ssilga151.jpg?width=900&format=pjpg&auto=webp&s=41510785ccdc0d99544ec74229f62427d1c0ce3e
Museum has played the role of a time recorder. Talking about bitcoin, more than ten years has passed since the creation of it. Although it is uncomparable to the stock market with a hundred years of history, during the ten years, in the different stages of the development of bitcoin and blockchain have continuously poured in geeks, miners, speculators, newbies, leaving keywords such as sudden rich, myth, scam, belief, revolution, etc.
There are also many “old objects” with stories in the “Museum” of the cryptocurrency realm. On Museum Day, let ’s review the stories brought by these “old objects”.
The First Digital Currency White Paper — Bitcoin White Paper
On Oct. 31, 2008, Satoshi Nakamoto released the Bitcoin white paper — A Peer-to-Peer Electronic Cash System in the cryptographic mail group where he belongs, and Bitcoin was born since then.
A white paper is a document that explains the purpose and technology used in cryptocurrency. Usually a cryptocurrency uses the white paper to help people understand what it provides, and it is also an important information channel for investors to understand a project. Therefore, the level of the white paper affects people’s confidence towards the coin.
In a word, in the cryptocurrency and blockchain industry, the value of a white paper is equivalent to that of a standard financing speech. The white paper plays a vital role in this emerging market.
The First Public Bitcoin-Physical Transaction — Pizza
Since Satoshi Nakamoto mined the Bitcoin genesis block on January 3, 2009, Bitcoin has only been spread among the small crowd and has not realized its value.
Not until May 22, 2010, Bitcoin enthusiast “Laszlo Hanyecz” bought a pizza coupon worth $25 with 10,000 bitcoins. This is the first public bitcoin-physical transaction. Bitcoin has its price with 0.3 cents per bitcoin.


This day has also become the famous “Bitcoin Pizza Day” in Bitcoin history. Bitcoin as the imagination of the financial system has more practical significance. The tenth anniversary is coming. How will you commemorate it? Will you buy a pizza?
The First Digital Asset Exchange — Bitcoinmarket.com
After the birth of Bitcoin, in addition to mining, the only way to get Bitcoin in the early days was to conduct transactions on forums or IRC (commonly known as Internet Relay Chat). However, this method involves both long transaction time and great security risk.
In March 2010, the first digital asset exchange — Bitcoinmarket.com launched. However, due to lack of liquidity and transaction depth, it disappeared soon after its establishment, but Bitcoinmarket.com opened the era of the operation of the cryptocurrency realm exchange 1.0.


On June 9, 2011, China’s first Bitcoin exchange — Bitcoin China (BTCChina) launched. Its founder, Yang Linke, translated Bitcoin into Chinese “比特币” for the first time. In 2013, China’s bitcoin trading entered the golden age, and exchanges sprung up. China monopolized more than 90% of the world’s bitcoin transactions. Now, if the top three exchanges Binance, Huobi Global, OKEx are the Exchange 2.0, then the index exchange represented by 58COIN called the 3.0 version, leading the trend.
The First Generation of High-Performance Miner — ASIC Miner
When Satoshi Nakamoto created Bitcoin, the only way to get it is to use computers (including home computers) to mine, mainly relying on the CPU to calculate. However, as the value of digital currencies such as Bitcoin has become higher and higher, mining has become an industry with the competition is getting fiercer, accompanied by increasing difficulty of mining. Therefore, hardware performance competition starts.
In July 2012, the genius Jiang Xinyu (Internet nickname is “Friedcat”) from the junior class of the University of Science and Technology declared at the forum that he could make ASIC miners (chips). As far as mining computing power is concerned, ASICs can be tens of thousands or more higher than the same-generation CPUs and GPUs.
At the beginning of 2013, Zhang Nanqian (Pumpkin Zhang), a suspended doctoral student from the Beijing University of Aeronautics and Astronautics, developed the ASIC miner and named it “Avalon”.


In June 2013, the Friedcat’s miner USB was finally released, and it maintained 20% of the computing power of the entire network.
At the end of 2013, Wu Jihan, used the tens of millions yuan earned from Friedcat through investment, worked together with Jenke group, to develop the Antminer S1. Since then, the miner manufacturer Bitmain began to enter the stage of history.
It is no exaggeration to say that Friedcat and Zhang Nangeng have opened the domestic “mining” era.
The Birthplace of China’s Bitcoin — Garage Coffee
It is not only the “old objects” that record history, but also a place that everyone in the cryptocurrency realm aspires to.
Guo Hongcai once said, “Without no The Garage Café, there will be no cryptocurrency realm today. Since it is a very mysterious place that all waves of people from the café joint together to create today’s digital asset industry.

▲ In March 2013, American student Jake Smith successfully purchased a cup of coffee at The Garage Café with 0.131 bitcoins. This move attracted the attention of CCTV, and it conducted an interview.
Indeed, The Garage Café is the world ’s first entrepreneurial-themed coffee shop. It has been legendary since its establishment in 2011. The Garage Cafét is not only the core coordinate on China’s Bitcoin map, but also the birthplace of the Chinese cryptocurrency circle, where digital asset realm tycoons including Guo Hongcai, Zhao Dong, Li Xiaolai, Li Lin have made their ways.
The development of digital currency is only 11 years old. Through these “old objects”, we review the various stories of this wave of technology together, hoping to help you understand the development process of the digital currency field. Meanwhile, I also remind all practitioners to use history as a mirror and forge ahead.
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submitted by 58CoinExchange to u/58CoinExchange [link] [comments]

Bottos chain CEO Li Xiang: The future of data securitization, everyone is Xiaolai Li

Bottos chain CEO Li Xiang: The future of data securitization, everyone is Xiaolai Li
A few days ago, the IFIC International Financial Technology Innovation Summit, hosted by People’s Daily People’s Digital, Sanya City Bureau of Commerce, FINWEX, and Guoyin Jinkong, was held in Sanya. At the meeting, Bottos Chain CEO Li Xiang made the theme “The Hope of Machine Civilization”. The speech shows the basic positioning of the Bottos chain “the infrastructure that focuses on artificial intelligence, the application platform that serves data, algorithms and computing power”, and outlines the evolutionary framework of machine civilization to replace industrial civilization. During the meeting, Golden Finance interviewed the Bottos chain CEO Li Xiang.


Bottos CEO Li Xiang

Golden Finance: Please introduce the development track of the Bottos chain?

Li Xiang: According to different development periods, we divide the Bottos chain into 1.0, 2.0 and 3.0.
From 2017 to 2019, Bottos Chain 1.0 — positioned as an artificial intelligence infrastructure. Our entire team spent a year and a half developing BottosChain from 0 to 1, and open source at the end of May 2018, and officially handed over the community to decentralization in December of the same year. As a self-originating public chain, the Bottos chain BottosChain has its own independent property rights in many key technologies. At present, we have applied for 3 key technology patents, which are very flexible in the whole architecture design. We reserve the interface for the AI ​​empowering blockchain, and at the same time have great advantages in commercial performance, and do everything possible to lower the threshold. From 2019 to 2021, it will be Bottos Chain 2.0 — positioned in the artificial intelligence industry. Our goal is to help 10,000 smart DApps to land, securing massive amounts of user data assets, and letting data, computing power, algorithms and other production materials Fast exchange, spiraling out higher AI wisdom, allowing the industry to achieve a higher premium. From 2022 to 2025, the Bottos chain 3.0 is positioned as a revolution in the AI ​​back-feeding blockchain. Based on the accumulated industrial data and machine intelligence of the Bottos chain 2.0, the Bottos chain will pass the underlying code to the robot to optimize and rewrite. The ultimate goal of the first public chain of artificial intelligence. I believe that by 2025, humans no longer need to work. The machine is not only fully qualified for labor, but also the underlying code of the blockchain. In the future, the Bottos chain platform will be used to divide the value of machines and people. At that time, human intelligence will be You can explore the stars and explore the bigger unknowns.

Golden Finance: What do you think is the biggest value of the blockchain?

Li Xiang: Rather than saying that the blockchain creates new value, it is better to say that the blockchain will not be released from the statistical stock value. For example, each of us is generating massive amounts of data every day. When these data are securitized by the blockchain, everyone is Xiaolai Li. The digital economics of Bottos chain cognition is the use of blockchain technology to redistribute the productivity of the digital economy through data, algorithms, and computational power. The Bottos chain is positioned to carry the evolution of artificial intelligence using blockchain technology, and we must share Data asset securitization will bring huge value dividends.
In the era of the Internet, data is centralized, and data obtained from users at no cost has created giant companies such as BAT. In the blockchain era, personal data will truly belong to individuals. Due to the popularity of 5G-promoted ubiquitous Internet of Things, the silent data of tera-sensors will be activated to generate new artificial intelligence, between individuals and individuals outside the BAT client. Obtaining the possibility of peer-to-peer direct sharing of data, we do not need to snatch data from Internet packets, but exchange data directly from the bottom of the sensor through the Internet of Everything. The exchange and superposition of data and data has spawned the spiral evolution of algorithms and computational forces, and then returns the generated value to the individuals of the data source. We can see that the platform built by the Bottos chain carries the closed-loop value of data, algorithms and computing power in the machine civilization. Artificial intelligence is one of the few blockchain fields that can construct an all-digital closed loop. Artificial intelligence is also the only way to bypass Taobao WeChat. This is the value chain of the centralized application, which is the original intention of the Bottos chain to locate artificial intelligence. In the field of artificial intelligence, the main source of value of Keda Xunfei and Shangtang Technology is the free data source provided by millions of users. We can imagine that the market value of the two companies will be divided into millions of users, and the per capita capital will be renewed. Assigning the scene, this is the mission of the Bottos chain.

Golden Finance: How do you see the relationship between artificial intelligence and blockchain now?

Li Xiang: Artificial intelligence is productivity, blockchain is production relations, productivity is that I can destroy you, production relationship is that I can’t directly destroy you, but I can offer the best person to destroy. Productivity creates value, and production relations drive productivity, so they are complementary and can be understood as the poles of Tai Chi. So how many blockchains in the future will have a lot of blockchains to help him achieve value, otherwise he can’t live alone because he didn’t make money. Suppose a developer researches an algorithm, including Bitcoin, which is an algorithm that requires a set of value chains to collaborate and a set of cross-organizational value exchange systems to support. Without a value chain and value mitigation, this algorithm cannot be separated. survive. We have restored this form of bitcoin to countless entrepreneurs, technology workers, man-machine warriors, and data providers, so that they can make new money. Intelligent hardware far exceeds the commercial value of traditional hardware. It comes from its semi-soft and semi-hard features. The soft part can not only capture hard information, perform edge calculation, but also self-purify to rewrite the working mode of hardware. We can simply Understood as a line upgrade on Apple phones. But traditional hardware, it is only hard and not soft, his data is wasted, and he can’t self-evolve. So, the combination of soft and hard is a new life state of the new life, which is the basic unit of machine civilization. Everything in the future is soft and hard, it generates data, and the hardware becomes a living body. This kind of living body will evolve from industrial civilization to machine civilization if it evolves from industrial civilization to machine civilization if it evolves into machines that build machines and machines that write programs (we are writing artificial contracts directly with artificial intelligence).

Golden Finance: What difficulties and challenges did Bottos encounter from its inception to the present, and which pits have been crossed?

Li Xiang: From 2017 to 2019, we have experienced some minor storms. In general, it is a challenge all the way, but in the end, it will turn into a growing nectar. The first is the cognitive challenge. We are a revolutionary platform. Therefore, we advocate the spirit of geeks. Only by breaking through the cognition can we change the world. We believe that the artificial intelligence + blockchain can rewrite human civilization. The future is the age of machine civilization. Everyone is worth the money. It can support countless robots. At the same time, everyone is very profitable because he participates in and shares the feast of machine civilization. This is a huge bonus that the Bottos chain hopes to excavate. Secondly, the technical challenge, blockchain + AI is extremely brain-burning, when black technology encounters black technology, if there is no deep understanding of the two industries, there is no great courage and determination, this double track It is very difficult to do it. Finally, there are challenges in the quality of the team. In the process of project development, there will always be a low point. When there are pressures from all sides, there are new people joining the old people on the road, how the core team keeps the initial heart and the front, I think it is the project. The core factor that can ultimately achieve the goal.

Golden Finance: What is the possible type or industry of DAPP in the future Bottos chain?

Li Xiang: Focusing on data and sensor algorithms, there are many application scenarios, such as travel scenarios, smart home scenarios, car networking scenarios, and then there are a large number of scenarios on the mobile side, or reversed according to value, as long as it can correspond to a billion-dollar The centralized enterprise, we all have the possibility to create a mechanism to take back. At present, artificial intelligence has begun to erupt from visual hearing, such as Keda Xunfei and Shangtang Technology, which have begun to gain a lot of application value. The reason is that the standard of the Turing test is to let the machine have the ability to talk with people. This ability comes first from simulating human perception. The meaning of the sensor is to digitally simulate the five senses of people and generate massive data. So now we see that artificial intelligence breaks through from hearing and vision first, because human sensors and radios are the crystallization of human sensors that are close to a hundred years of development, and the sensors of touch, smell and taste need to evolve gradually. . With five senses, we also need to think about thinking. Google’s man-machine war is the application of thinking. With thinking and driving feedback, Google’s Boston Power Robot is the application that drives feedback. Google is a monument to artificial intelligence, its valuation is more than 800 billion US dollars, and countless Keda Xunfei in the world are catching up with speed. It is conceivable that the Bottos chain stands at a dawn moment when a great era is about to open. We not only hope to remind the birth of countless Google, but also hope that these “new Google” will repay the millions of wealth of Xiaolai Li.

If you aren’t already in our group, please join now! https://t.me/bottosofficial
Bottos Website | Twitter |Facebook | Telegram
submitted by BOTTOS_AI to Bottos [link] [comments]

Translation of Jihuan Wu's interview with Huobi

Huobi has started organizing some public lectures, and for this particular one they interviewed Jihan Wu. Not sure if anyone else is interested but I enjoyed the article and decided to translate it - questions are roughly translated, and his answers are written in full!
This is about 30% because the article is really long - if anyone's interested I will sit down and do the rest. Original article
Q: How did you get into the bitcoin industry?
A: When I was studying, I was very interested in the origins of currency for a while. Apart from textbooks, borrow and read other books to learn. I'm more familiar with some of the interesting history about currency, such as how we used various types of currency before gold (as a precious metal) and fiat became widely adopted.
When I first came into contact with Bitcoin, it still had a very small market cap. In 2010, I read an analysis about Bitcoin's security written by a famous hacker. He thought Bitcoin's structure was very simple and the technology had no problems. Coming back to the principles about currency that I'm familiar with - I think that since the Internet is a unique community type, it's obvious that many hope that Bitcoin can be circulated as a universal equivalent within a certain niche community. Hence, I was determined and invested a lot of money to purchase Bitcoin. Within a short period of time, Bitcoin's value rose from 10USD to 30 USD, then fell to 2USD, so I lost 80% of my investment. This was my exciting, somewhat discouraging introduction into the bitcoin industry.
After purchasing Bitcoin, I translated Satoshi's white paper to gain a deeper understanding of the technology behind it. In the process of analyzing it, I developed an interest in and understanding of mining, leading me to stay in this industry to this day.
Q: What do you think about people saying you hold the most bitcoins?
A: I don't think so, because the process of forming Bitcoin's history is such that those who enter early gain huge benefits. Initially Satoshi held the most bitcoin; later on some famous investors such as Facebook's Winklevoss and Li Xiaolai surely hold a lot of bitcoin. After the bitcoin community suffered a series of profoundly impactful misfortunes, there was even less chance of me holding the most bitcoins since I gradually began selling my holdings from when bitcoin was about 24000 yuan (edited, thanks BitcoinPrepper!) and bought other digital currencies that seemed more promising. One of those is BCC.
Q: When did you find out about and join bitcoin's discussion about increasing block size?
A: I found out about it and joined the discussion at about the same time but I was pretty late to the discussion. The dispute about increasing block size can be traced back to 2010, when Satoshi was still around. A recent large dispute started in 2013, but by the time I began to follow it, it was already late 2015. At that point, the entire developer community had reached a stage where no one was willing to back down. Before we began to follow the discussion in earnest, we really believed in the moral character of the developers and thought this was just a technology issue. We believed they would come to a compromise and work out a better solution to the issue of increasing block size on their own.
Towards the end of 2015, both sides began to lose patience and some developers had begun to liaise with Chinese miners. October 2015 is a milestone in Bitcoin's history, because they began to coordinate working with mining pools to implement a hard fork to increase block size.
In January 2016, splits appeared in the developer community that produced Bitcoin Unlimited (BU), Classic and other small groups. Among them, Classic flew to china and met many mining pools to begin promoting a hard fork upgrade. At that time our company also met Classic's team, and we were the first in the world to signal our support for Classic. Afterwards, platforms began to show their support one by one - this was the backdrop to our consensus negotiations in Hong Kong.
After we signaled support for classic, an overwhelming majority of people wished that Core would compromise so that there wouldn't be a need to change the lead developer team. Hence, we held meetings in HK, holding the Hong Kong Consensus Negotiations (??). Core developers promised to work towards a hard fork and miners would no longer use clients not compatible with Core.
However, the Hong Kong Consensus was later on executed very poorly. Being a compromise, both sides understood the agreement very differently. Miners and exchanges held negotiations with Core developers, supporters and fans. We kept a hopeful attitude that bitcoin could follow the blueprint originally delimited by Satoshi and promptly upgrade, or else the issue of increasing block size would affect the growth of Bitcoin.
Q: Till May this year Bitcoin's fork was widely discussed, and Litecoin also gave it a go. At that time there were the proposals put forth by BU and Classic that you just mentioned - can you discuss the relationship between BU's proposal and BCC?
A: Former core developers have played a large part in forming the multiple developer teams such as BU, ABC, Classic, XT which are all now compatible with the BCC/BCH chain, and these teams are independent from the core team that are still in charge of the BTC chain (edited, thanks alfonumeric!). Some of BCC's main developers were leading BU developers and some of BCC's main anonymous developers previously made significant contributions to BU. These developers had their own ideals and ideas regarding how the quality of software development should be managed and how to coordinate the circulation of open-source software. Hence, BCC eventually broke off and formed a development team separate from BU.
Q: What value do you think BCC brings to the Bitcoin ecosystem?
A: Before discussing that, we need to be clear about what on-chain assets are. We feel that on-chain assets are essentially a type of willingly formed social contract dependent on technology to be realized.
Firstly, it is a social thing because it has achieved huge scale - there are many participants, about 20-30 million worldwide. These communities can be divided into Bitcoin, Litecoin, Dash etc. Within each asset, the communities' participants have an initial consensus and have drafted a set of rules for the asset. At the same time consensus is reached willingly. This is the essence of on-chain assets: they can be realized through technology, based on the foundations of an agreement that was willingly entered into.
What happened during Bitcoin's block size upgrade? Firstly, Satoshi made clear since he first began writing the software that blocks would have to grow eventually and that hard forks were an important method to increase block size.
This was already apparent in Satoshi's white paper and emails, and his discussions on Bitcoin forums expressed similar views. Before Blockstream and their allies strangled opinions on certain important channels and media platforms, the entire Bitcoin community was largely aligned on the plan for and route towards Bitcoin's block size upgrade. Actually, this is a part of Bitcoin's entire community protocol, but after Blockstream gained control of important community and developer forums they began shutting down opinions starting in 2016, brainwashing newcomers to the bitcoin community. In my opinion, this is a violation of the community's social contract and the tradition of liberalism.
The Bitcoin community stresses freedom of speech, developing ideas and not controlling opinions or thinking. When these things appear, the community begins to violate its early promises. BCC appeared under these circumstances and helped the Bitcoin community to return to its earlier roots of liberalism. Previously, Bitcoin's community was open and everyone was free to voice opinions regarding what its future should look like. We formed an agreement based on resources, so we could freely organize ourselves (not sure what he means). This proved that any party who attempted to prohibit or exercise autocratic supervision over blockchain assets was doomed to fail, since the community was free to think and people could group up through communities to form consensus. With this consensus, we could produce the relevant software and guarantee the consensus on the blockchain. With regards to Bitcoin's ecosystem, I feel that BCC's greatest value lies in how it welcomes back the old tradition of liberalism.
Q: What left a deep impression on you during BCC's development?
A: Firstly the rise and fall of BCC's price is very interesting. After BCC commenced trading it hit a high of 0.5 BTC, then fell sharply. In the following days BCC's price fluctuated violently and would triple in a few days then fall, because everyone was in the process of getting to know and accept it. This left the deepest impression on me.
Next its difficulty adjustment mechanism is also interesting. Being a fork with less computing power, BCC could release blocks at a steady rate and the adjustment mechanism played an invaluable role. When BCC's block creation rate is slow, the difficulty decreases so that at some points of time BCC mining is more profitable than mining Bitcoin, attracting large amounts of computing power to mine BCC. After this critical point has passed, BTC transactions will be very congested. When the difficulty adjusts upwards again, computing power will shift back to BTC and alleviate the congestion. These events are fascinating and have never occurred before in Bitcoin's history. When we first saw this phenomenon with our own eyes we felt it was really fascinating - it has many implications for the switching over of computing power and how the value of assets are determined, and is worth researching.
submitted by kumolonimbus to btc [link] [comments]

Yunbi Is Winding Down In 3 Months (Some said 3 days) /r/Bitcoin

Yunbi Is Winding Down In 3 Months (Some said 3 days) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The tandem ICO scheme that's making Chinese buy EOS in droves.

The daily trading volume of EOS is huge which is surprising. it's a token that currently serve no purpose, in the middle of an ICO and in which most chances you'll manage to buy it for far cheaper in the coming months of its year long ICO.
So upon examining what is driving the daily volume so high, one immediately sees that the Chinese markets are responsible for ~80% of the trading volume. that is astonishing.
As i was wondering what could possibly cause Chinese to buy it on droves, i stumbled on this: press.one
Press one is a chinese platform which is intending to be a decentralized publishing platform. its founder is Xiaolai Li, a prominent bitcoin Chinese figure who supposedly has the most bitcoins in china.
Press.one are about to have an ICO with a target of $200M which 50% of it must be paid in EOS, 30% in Eth and 20% in Btc.
Wow, so in order to participate in one ICO, one must first go and participate in another, currently still running, ICO.
Scroll down to the bottom of the page and you immediately understand why. one of the investors in Press.one is InBlockchain, a company that also invested in, yes, you guessed right, Steem, Bitshares and EOS. and as a bonus, it also invested in Yunbi, the exchange which sees most of the EOS trading in China. if you go to their webpage, you'll find out that InBlockchain is actually Xiaolai Li's investment company.
So is this such a promising venture that is driving chinese to buy EOS? apparently, the chinese think so. there is a group chat in a chinese app called weibo which has ~4000 members that are all over this ICO. that doesn't sound much, until you realize that in order to participate in that group chat, you need to pay 3000RMB, which translates into $440.70. just to get in a chat group! Xiaolai Li is like the Vitalik of Ethereum. people listen to him. people believe in him. people invest in what he does, even if he is basing his future platform on a blockchain which hasn't released yet and even if he doesn't publish a whitepaper because, and i quote: "nobody reads or understand them anyway".
So, one could throw in a hefty sum of conspiracy theories behind this (For example: maybe EOS/Inblockchain are selling back Eth for EOS to then sell those EOS higher on Yunbi?) but it probably wouldn't matter, because at the bottom line:
Two partnering companies started two ICOs in the same time proximity, and one is feeding investment for the other by "forcing" its investors to invest in the other one.
submitted by burningpet to CryptoCurrency [link] [comments]

The Mixin Network Review

As the challenge of Blockchain scalability continues to handicap cryptocurrencies ascension to mainstream adoption, an industry wide arms race has been launched to produce a distributed ledger capable of achieving faster transaction speeds without compromising security or decentralization. Although solutions like the Lightening Network, Raiden and Plasma currently lead the way, they still haven’t been proven to be the definitive solution for achieving true scalability.

In response to this, the Mixin Network brings to market a multilayered platform built to enhance the speed, privacy and security of transactions between digital assets across multiple distributed ledgers.

Mixin provides a messenger app — ‘Mixin Messenger’, where users can store cryptocurrencies in their wallet, and perform lightening fast peer-to-peer transactions between contacts. Developers can also build new Dapps on top of the Mixin Networks infrastructure.

With bold claims of over a billion transactions per second, 0% transaction fees, and an infrastructure for cross chain Dapp development; Mixin is positioning itself to be the dominant solution to the blockchain scalability problem.

How it works

The Mixin Network is composed of different high performance distributed ledgers, with the core ledger called the ‘Kernel’, and the supporting ledgers called ‘domains’ and ‘domain extensions’.


Domains are gateways that feed assets from Bitcoin, Ethereum, other Blockchains, and even central banks into the kernel. The kernel is responsible for verifying and governing the assets and their transactions.

Domain extensions are the distributed ledgers that store Ethereum, EOS and other blockchain smart contracts and trusted applications.

Mixin Kernel

The Kernel is a core component of the Mixin network. It uses a directed acyclic graph design to scale digital asset transactions.

A directed acyclic graph (or DAG) is a structure consisting of nodes that are connected to each other in a non-linear pattern. With DAG’s, information is dispersed using a ‘gossip protocol’ across multiple nodes simultaneously, allowing consensus on transactions to be achieved faster.


Consensus Protocol

The Mixin Kernel distributed ledger uses a proof of stake consensus protocol. Kernel Nodes stake at least 10,000 XIN as collateral in exchange for the ability to validate transactions on the Kernel distributed ledger.

Each Mixin Kernel Node represents 10,000 XIN, which is approximate 2% of the network stake. The Kernel can only operate with at least 7 nodes joined, which is about 15% of the whole networks stake.

Privacy

For privacy, Mixin kernel uses a 1-time key generation algorithm, which allows the system to generate a ‘ghost address’ that can be discarded after each transaction a user makes.

Mixin Domain

The Mixin domain communicates with the kernel via system calls.

In order for an external asset (from the Bitcoin blockchain for example) to become associated with the Mixin kernel, a Mixin public key is first produced to connect with the domain, and then an asset specific public key (i.e a Bitcoin public key) is produced to connect the asset to the Mixin Kernel. If someone wants to send funds from their Bitcoin wallet to the Mixin network, the domain will create a transaction to the Mixin public key, and the Mixin kernel will verify the transaction.

Mixin Domain Extension

The Mixin domain extensions enable users to setup ‘smart contracts’ from a single computational unit (i.e your laptop or iPhone). These smart contracts are higher performing and more robust than those currently offered on the Ethereum blockchain.

XIN Token

XIN tokens are the main token used in the network. Like Bitcoin and Ethereum, the token is paid to those who support the network by validating transactions. XIN tokens are also staked in the proof of stake consensus protocol (at least 10,000 XIN tokens must be staked to join the network as a full node).

The Mixin Network also connects to different Dapps using API calls. These Dapps pay the network in XIN tokens based on the amount of resources the Dapp consumes.

Total Supply: 1,000,000

Circulating Supply: 438,154

Token Sale Date: Nov 25 ~ Dec 25 2017

Market Cap: $231million (rank #45)

Current price: $529


Mixin Messenger

Mixin provides a messaging application called ‘Mixin Messenger, which allows users to take advantage of the secure and efficient distributed ledger infrastructure they’ve built.

The app is available on the Google or Apple store, and can be used to transfer cryptocurrencies to anyone with their phone number, even if they are not a Mixin user. The app also features a digital wallet, and is capable of performing lightening fast peer-to-peer transactions between Mixin contacts.


Mixin Messenger also provides a series of Bots created by a community of developers to automate certain functionally for users:

For Transactions:

· Red Envelop (Red Pocket): Gamification bot for winning tokens in a group chat.

· Assistant (Group Chat Admin): A group owner can invite this bot to join their group chat, and decide the conditions for all members. For example; the group member should have 20 XIN on their account.

· Exin (OTC, Exchange): Users buy cryptocurrencies OTC (over the counter) and the bot provides several trading pairs, for example: BTC/USDT, ETH/USDT, XIN/BTC, etc.

· Coin Exchange: Comes in 2 parts: paid question and coin exchange. Paid question section shows several valued questions, and people have to pay to check the answers. The exchange section is a small and simple crypto exchange on the Mixin network.

For News and Information:

· Mixin Log: This is the official channel to post development log or news about Mixin, etc.

· Hacker News: Hacker News is a news channel belongs to Y-Combinator. Delivers interesting news automatically.

· IMEOS (fresh updates): The bot connects IMEOS, the first media portal about EOS, and it also reports worldwide blockchain news, EOS marketing data, etc.

· Bot (Bishijie News Fresh Update): The bot links a famous blockchain media named Bi Shi Jie. It sends the news from the official site to Mixin.

Gaming:

· Virtual American Roulette: Decides what kind of token, how much you bet and which color or number you choose. Players send these orders to the bot, pay the bot, and then you receive the results immediately.

AI/Chat Bot:

· MX (Virtual Friend): A virtual girl named Xiaobing who you can communicate with users like a real human.

Team

The Mixin Network team consists of experienced developers who have worked in the blockchain and tech space for many years and produced a variety of unique multimedia apps. Overall the team has 20 members who are based in China and Japan.

Cedric Fung — CEO — Blockchain Architect of Asia’s top emerging exchange BigONE, Co-Founder of Yixia.com, China’s video ecosystem leader with products including Miaopai short video app, Xiaokaxiu dubsmash app and Yizhibo live stream app

Danna Li — COO — Earliest blockchain adopter, former 8BTC Columnist, Bitmain Investment Lead, INBlockchain core team member and BigONE Operation Lead

Crossle Song — CTO — Former Yixia.com Technology Lead, Vitamio SDK Architecture Lead, seasoned Android and iOS developer

Oven Tang — Product Lead — Developer of Miaopai, China’s leading video app with 300M users

Investors

Xiaolai (IN Blockchain Partner)

Lao Mao (IN Blockchain Partner)

Yonghao Lou (CEO of Smartisan)

Roadmap

2018 mid July — Debut of Mixin Exchange

2018 September — Mainnet beta launch

2019 February — Mainnet launch

Community Development Plan

2018 early July — Mixin Developer Hackathon

2018 July 7–9 Hack Summit

Pros:

Byzantine fault tolerant security
Trusted Execution Environment (TEE) is used to reenforce security and boost transaction times by eliminating network latency
Ghost address generation enhances user privacy when transferring funds
Messenger application enables lightening fast peer-to-peer transactions between contacts
Provides an infrastructure for cross chain Dapp development.
Strong technical team
40,000 daily active users who store assets valued at over $100 million
Challenges

Mixin faces stiff competition from other blockchain protocols like EOS, ICON, NEO, etc. These protocols are all trying to achieve the most scalable solution. However, Mixin has the advantage of offering a network that enhances the transaction speed, security and privacy of all digital assets belonging to these Blockchains.
Conclusion

In a highly competitive space where hundreds of protocols are fighting for market dominance, Mixin stands out by providing a multilayered infrastructure that enhances scalability, security, privacy, and cross chain functionality.

At the base layer, Mixin aims to solve blockchain scalability by creating a network of distributed ledgers that function under a highly secure directed acyclic graph design. On top of this high functioning network sits a simple mobile messaging application, which enables users to seamlessly store and transfer a variety of cryptocurrencies between contacts. Lastly, Mixin is aspiring to become a platform for cross-chain Dapp development.

Overall, Mixin still has a ways to go before it becomes a household name like EOS or Ethereum. However, their unique value proposition, current user adoption and highly advanced technical infrastructure make it a very promising project to keep watching.
for more details; https://mixin.one/

submitted by 67vader to ICOAnalysis [link] [comments]

WEEKEND CRYPTO NEWS RECAP: Cryptocurrencies finish weekend mixed as StellarX officially launches zero-fee decentralized cryptocurrency exchange

Crypto News
Sources:
https://cointelegraph.com/news/amateur-cryptojackers-and-apple-macs-emerge-as-two-mining-malware-trends-for-2018 https://www.ccn.com/monero-launches-initiative-to-combat-cryptocurrency-mining-malware/ https://www.coindesk.com/indias-central-bank-denies-formal-creation-of-blockchain-unit/ https://www.ccn.com/indias-central-bank-did-not-establish-blockchain-cryptocurrency-unit-report/ https://cointelegraph.com/news/chinas-bitcoin-whale-li-xiaolai-halts-blockchain-related-investments https://bitcoinist.com/bitcoin-tycoon-li-xiaolai-says-hes-stopped-investing-in-blockchain-projects/ https://cointelegraph.com/news/japan-self-regulatory-group-of-crypto-exchanges-set-to-tighten-rules-on-online-digital-asset-storage https://bitcoinist.com/japanese-exchange-operators-shore-up-investor-protections-after-thefts/ https://www.coindesk.com/opera-browser-operator-to-explore-new-applications-of-blockchain/ https://www.coindesk.com/up-80-xrp-replaced-eth-as-worlds-second-largest-crypto-in-septembe https://cointelegraph.com/news/stellar-based-zero-fee-decentralized-crypto-exchange-stellarx-fully-launched https://bitcoinist.com/london-block-exchange-launching-crypto-pound-backed-stablecoin/ https://www.ccn.com/how-binance-decentralized-crypto-exchange-beta-launch-in-2019-will-impact-the-market/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Chinese marketing 中国市场

Since gridcoin 格雷德币 has a Chinese version wallet now(translated by me),we should contact Chinese exchanges 中国交易所 to add gridcoin!That will promote the price for sure!
For most exchanges,using English in your email is OK. Most of the employees are well-educated, they can read and write English well.
I will make a list,but I think the contacting work is better done by the dev and marketing team,because they know more technique details than me.
List of main Chinese exchanges:
1: www.btc38.com 比特时代 It's one of the oldest altcoin exchanges in China. Email:[email protected]
2: www.bter.com 比特儿 It's another classical exchange,with less volume. Service Email: [email protected] Master Email: [email protected]
3: yunbi.com 云币网 A relatively new exchange with more ICO coins. The boss is Xiaolai Li李笑来,the richest bitcoin owner in China. Haven't found the Email,you can directly contact the twitter:https://mobile.twitter.com/yunbicom
4: https://dax.btcc.com BTCC DAX The altcoin branch of the oldest bitcoin exchange in China. Now trading only ETC-BTC pair. Will add more coins hopefully. Email:[email protected] You can send the message directly at https://www.btcc.com/contact
5: www.binance.com 币安 A new coin-to-coin exchange opened by Changpeng Zhao赵长鹏,the former CTO of okcoin.com Will begin trading at 2017.7.15. Twitter:https://mobile.twitter.com/binance_2017
submitted by mrip01 to gridcoin [link] [comments]

I doubt Huobi.com is a legitimate / lasting Bitcoin Exchange

I am willing to put it out there that Huobi.com (Now the world's leading Bitcoin exchange by volume as of the last 2 weeks?!) is at best inflating it's numbers, at worst a scam designed to lure speculators into depositing their money before ultimately closing shop and blaming the government on user's inability to withdraw their RMB.
Here is why:
1.) Bitcoin trading numbers were abysmal in China as recently as 2 weeks ago. The bid/ask ratio on BTCChina (the previous leader) had dropped to an extremely depressed ratio following the central bank policy statement and ensuing panic. When suddenly out of no-where one of the otherwise relatively unknown exchanges skyrockets to the lead of the pack (and the world) using what they describe as a "loophole" in the Chinese banking system.
How does that volume of business shift from one venue to another in such a short amount of time? Days or even weeks? It strikes me in a country with such a controlled banking system that it would take some time for even a rabid group of adopters to transition venues - and even than performing the kind of KYC/AML required by law would take even longer (look at the delays all other major exchanges are having with performing these tasks with rapid adoption)
Which leads me to my 2nd point:
2.) Okcoin has recently been accused of, and basically been exposed (http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/) as having inflated the volume of their daily trade in order to entice depositors. I had suspected this as far back as October, 2013? And I was disappointed that they were able to operate with such impunity for so long as the market continued to skyrocket. "You only see who's swimming naked when the tide goes out..." a famous investor once said...
I suspect that Huobi.com is using the same tactic to lure new speculators into depositing their money by inflating their daily trading volume.
3.) The Li Lin, the CEO of Huobi.com (http://www.danwei.com/li-xiaolai-bitcoin-millionaire/) maybe a hardworking member of the Bitcoin community within China, however, it's reasonable to assume that he holds less sway with regulators than some Chinese billionaires whom are afraid to tweet about smog problems in Beijing for fear of government repercussions. If everyone suspects he is exploiting a loophole for anything less than the astronomical profits that could only come from a "scam" of sorts - why would he do it so publicly? Does he not fear the repercussions the way the other major Chinese exchange owners do?
This post was inspired by reading:
http://www.ofnumbers.com/2013/12/23/why-huobi-purportedly-has-higher-volume-than-btcchina-and-okcoin/
submitted by jordanbaucke to BitcoinMarkets [link] [comments]

General info and list of exchanges for Decentralized Accessible Content Chain

Decentralized Accessible Content Chain 한국어HomeNewsTechnologyDAPP'sTeamAdvisorsPartnersCommunity The Future Of Digital Content Is Here. DACC is the world’s first content-based blockchain that features identity and access management (IAM) at the infrastructure level. Join Telegram Community Join Token Sale Whitepaper Rating of DACC DACC In The News The #1 blockchain startup to watch in Q2 2018David Wither, Influencive (March 2018) “With a community this massive and a heavily experienced team,I am most excited to see this project go to market in Q2.”“DACC provide[s] platforms … for those that are interested in the global, decentralized incentivizations for doing things they love”“DACC could help small media companies and creators better and more efficiently distribute and profit from their content.”“DACC Blockchain Is Bigger Than the Beatles And Better For Music Streaming”“DACC Blockchain Will Bring You Closer to the Music Artists You Love”“Meet DACC: The Blockchain Solution That Could Solve Music Piracy” DACC Will Revolutionize The Digital Content Industry. Centralized content platforms like Facebook and Youtube have failed us. IP Piracy Personal Data Theft Monopolization of Monetization
The First IAM Based Distributed File System. DACC users will have full control and protections with respect to: Content Creation Copyright information is time-stamped into DACC blockchain. Algorithms are used to detect copyright theft. Content Access IAM permission maps let users decide who gets to access and monetize their data/content/IP. Content Storage Decentralized storage with partitions and permission maps to prevent piracy and data theft.
Block Structure Designed With IAM.
Permissions As A Transaction Access to creative IP and personal social data is treated as a transaction. Immutably stored and monetized by rightful owners. Merkle Roots Allows for faster transaction verification and scalability. Smart(er) Contracts Full flexibility to define rules for token exchanges in relation to any permission transaction. Use DACC To Develop Any Content-Based Platform. All content platforms need strong IAM. DACC is the ideal blockchain technology for developing content-based DAPP’s. Standard Libraries Further define IAM services and transactions for your DAPP. DACC Wallet Full stack solutions for token payments, transfers, and storage. DACC Chain Services Modular design to integrate with third party platforms, API’s, and Layer 2 protocols.
DACC x Vinci Smart Headphones Audio Content DAPP
DACC will partner with Vinci Smart Headphones to develop the first DAPP on DACC - a decentralized audio content platform. Proof of Recommendations DAPP token economy consensus algorithm built using DACC developer tools. Get Paid To Create & Curate Creators earn rewards for positive ratings on high quality content. Consumers earn rewards for providing ratings and reviews. Copyright Protections All content ownership information time-stamped immutably into the DACC blockchain. Team Members Vincent Nguyen Team LeaderBS Eng(Columbia),MBA(MIT)10 yrs finance,AI/loT industries Vincent Nguyen Team Leader Harold Li Technical LeaderBS Comp Sci(BUPT), MS IT(CMU), MS Applied Math(Peking Uni) Tech lead at Meituan, Vinci, Flipboard Harold Li Technical Leader Jim Ai Audio Tech LeadPhD Physics(MIT) Prev.at BBN,SRI intl,Apple 12 yrs of audio,sound systems experience Jim Ai Audio Tech Lead Jun Zhang AI Tech LeadHarvard Research Fellow,PhD Math(Rice) Microsoft Principal Machine Leaming Researcher 10 yrs deep learning experience Jun Zhang AI Tech Lead Gina Hughes Media and PR LeadBS(Maryland) Prev.Head of PR at Monster Headphones Founder of TechieDiva.com Gina Hughes Media and PR Lead Cathy Cao Media and PR LeadBS MIT 3 years of AI company experience Cathy Cao Media and PR Lead Advisors Jeffrey Wernick Entrepreneur, Private Investor.40 years of investment experience including Uber and Airbnb In addition to DACC, also on QTUM advisory board Began career trading options/ futures while at the University of Chicago. Later worked at Salomon Brothers As investor, his focus expanded to the sharing economy, biomedical, and blockchain technologies Advisor Jeffrey Wernick Entrepreneur, Private Investor. Walter Komarek Co-founder INK, Angel Investor, President and Managing Partner at ForbesfoneBeing a respected figure in the European telecom market, Walter Komarek is CEO at Angel Investment and a President and Managing Partner at Forbesfone (the largest Maltese telecom company). Walter Komarek is engaged in telecom, new technologies and blockchain startups. Having graduated from the University of Salzburg, Walter Komarek has proficient expertise in business strategy and business development. Advisor Walter Komarek Co-founder INK, Angel Investor, President and Managing Partner at Forbesfone Andy Tian CEO and Co-FounderCo-Founded AIG, whose flagship product Uplive is the highest monetizing mobile live video platform across APAC and Middle East Previously GM of Zynga China and also led Google’s mobile business in China Head of the Gifto project and successfully launched the Gifto ICO Investor Andy Tian CEO and Co-Founder Philippe Bouaziz Founder of Prodware GroupPhilippe is known as one of the leading tech personas in Europe and Israel, sitting on numerous advisory boards for engineering and business schools Founded Prodware Group in 1989. Global IT solutions company (EPA: ALPRO) which has served 17,500 customers in 75 countries Advisor Philippe Bouaziz Founder of Prodware Group Jared Polite Head of Marketing at Crypto Media GroupAs an Investor in full service ICO campaigns. He has been involved with over 40 projects to date These Projects has raised north of $300MUSD Advisor Jared Polite Head of Marketing at Crypto Media Group Zhao Dong General Partner & Co-Founder of DCM ChinaOne of the top VC investors in Asia, and has raised over $30 billion of financing for tech and telecom companies Sourced and led DCM’s investment in VanceInfo (NYSE: VIT), BitAuto (NYSE: BITA), and Dangdang (NYSE: DANG), and remains as a board member Former Vice President at Goldman Sachs covering Tech, Media and Telecom Investor Zhao Dong General Partner & Co-Founder of DCM China Oliver Li Partner of Draper Dragon FundOver 10 years of VC experience with companies such as Sino-Century, Withub VC, and South River Capital Placed successful investments in software, semiconductor, gaming sectors, such as Jiaoda Withub (HK 8205), Hyron Software (Shenzhen 002195), Actions Semiconductor (Nasdaq ACTS), and Wind (financial data service company) Advisor Oliver Li Partner of Draper Dragon Fund Luca Nichetto Founder and CEO of Nichetto StudioWorld renown art and industrial designer who has won international prizes, including the Gran Design Award, the Good Design Award, the IF Product Design Award, and the Elle Designer of the Year Award Art director for numerous design brands, exhibitions and competitions in Europe, the US, and Japan Advisor Luca Nichetto Founder and CEO of Nichetto Studio Matthew Cheng Founder and Managing PartnerVC expert and founder of Cherubic Ventures, whose portfolio includes Coinbase, Flexport, Virgin Hyperloop One, Wish, Ring, TianGe Interactive, LiuliShuo, and Pinkoi Founding member at Tian Ge Interactive (1980:HK), China's largest live social video platform Selected to China's "Top 40 under 40" list from 2013-2016 by Cyzone Anchor Investor Matthew Cheng Founder and Managing Partner Justin Sun Founder of TRONFounded and successfully launched the TRON (TRX) platform and ICO Founder and CEO of PEIWO, an app aspiring to become China's Snapchat and has recorded more than 4 billion chats to date Was named a Davos Global Shaper in 2014 and was also formerly the representative of Ripple in China Investor Justin Sun Founder of TRON Omer Ozden Legal Counsel at ZhenFund and DFundInternational securities lawyer with 20 years experience VCPE, IPO's M&A, fund formation, and securities regulation Has worked with NetEase, Alibaba, Baidu, New Oriental, Suntech, E-Long and their investors, including SoftBank, Goldman Sachs, DragonTech, Warburg Pincus and Merrill Lynch Previously a Partner at Baker & McKenzie LLP and led the China securities transactional team on PE financings, IPOs and securities compliance Advisor Omer Ozden Legal Counsel at ZhenFund and DFund Yu Hong Former of 3am commuity&Kfund &QYGAME Investor Yu Hong Former of 3am commuity&Kfund &QYGAME SKY Cofounder of 3am Block Community & Foundation PartnerSerial Entrepreneur in the Social Media and Social Networks space Pioneer in the China mobile messaging space and founder of companies such as Tongxue.com Founder of Vinci Smart Headphones, world’s first standalone headphones with built-in AI Founding Partner of Roark Fund which has invested in over 20 blockchain projects Advisor SKY Cofounder of 3am Block Community & Foundation Partner Jia Tian Chief ScientistAI industry veteran and former Senior Developer at Baidu and Alibaba Currently serves as the Chief Scientist at BitFund.PE, a bitcoin fund which was founded by Xiaolai Li and has been dedicated to supporting the bitcoin community since 2013 Mr. Tian is also an advisor to multiple blockchain tech startups such as IOST, DATA, Hydro, and more Advisor Jia Tian Chief Scientist Haobo Ma AELF CEO & FounderCEO & Founder of AELF, a decentralized cloud computing blockchain network. AELF currently has a market cap of over USD 250M CEO & Founder of Hoopox which develops blockchain as a service solutions CTO & Co-Founder of GemPay, China's first Bitcoin payment company Member of Blockchain Expert Committee of China Electronic Association, and a member of Blockchain Professional Committee of China Computer Society Investor Haobo Ma AELF CEO & Founder Roy Li Ruff CEO /Ruff Chain Investor Roy Li Ruff CEO /Ruff Chain Li Quan D- fund Partnerfocuses on investment in the digital currency sector and provides end-to-end investment banking services for the project. Major investment projects: TNB, QASH, aelf, Cybermiles, LLT, MobileCoin, Beechat, etc. Investor & Advisor Li Quan D- fund Partner Kelvin Hsu Founder of BlockVC Advisor Kelvin Hsu Founder of BlockVC Huang He Co-Founder and CEO of MailTimeSerial entrepreneur and founder of 2 mobile communication companies - TalkBox and MailTime, which recently came out of Y Combinator (W16) Creator of the top podcaster in China with over 2 million views daily Co-founded and launched successful ICO for MDT (Measurable Data Token) Advisor Huang He Co-Founder and CEO of MailTime Ge Wenxing Dfund Partner Investor & Advisor Ge Wenxing Dfund Partner Grace Fan Brink Asset CEOGraduated from the department of Business Management, University of British Columbia BD Director of RuffChain Internet serial entrepreneur with years of experience of sales and marketing IoT enthusiast, in charge of several IoT operations projects Advisor Grace Fan Brink Asset CEO Ray Wu Managing Partner at Skychee VenturesFormer and partner at Cybernaut Capital Management Former Managing Director of HP’s new business ventures. Veteran at Cisco Systems, and held several senior positions leading investment, M&A, and internal incubation Dual M.B.A. degree from Berkeley and Columbia Investor Ray Wu Managing Partner at Skychee Ventures Kathy Chen Former CEO of Twitter Greater ChinaCurrently works as Area Vice President at IT and cloud company Citrix Previously General Manager of the SMS&P Greater China Team and General Manager of Cloud and Enterprise Product Group at Microsoft Previously General Manager of Eastern China Region at Cisco Advisor Kathy Chen Former CEO of Twitter Greater China Dou Wang Founder of JIC capitalBlockchain Robot inventor. Global Community operations expert. Invested more than 100 blockchain projects all over the world with high Returns. Investor Dou Wang Founder of JIC capital Jianguo-Wei Former CEO of Twitter Greater China Advisor Jianguo-Wei Former CEO of Twitter Greater China Partners
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submitted by icoinformation to DACChain [link] [comments]

The hottest entertainment news, China's DOGE Makers introduction

As far as I know, China's first batch of DOGE makers has four, and now they established a QQ group, which is a toll group, there have been other big names to enter. This mode of operation, has also been applied to the BTC and LTC. Here enters entertainment time:
1, Zhang Yong, very high-profile people in China, everybody knows, he is not only playing with BTC and LTC, but prefer a variety of small coins, is a very experienced maker. The only drawback is that sometimes likes to brag that he once told me that he was holding more than 10 billion DOGE. The pulled plan is his organization. This person besides money, nothing to believe, he supported DOGE, the sole purpose of making money, he is recognized my advocacy role in China. His microblogging: http: //weibo.com/shuzihuobi
2, Bitcoin Cousin , this person is also very high reputation in China, his personal strength may exceed ZhangYong, but he was more low-key, do not like to talk. He only played BTC and LTC before , favorite manipulate futures. Once, due to futures exchanges change the rules, causing many people loss money, and he also lost $ 200,000, while others are looking for the exchange of claims, he said he did not care for the loss. I have been persuaded him to play DOGE, he has refused me, then may be persuaded by Zhang Yong. His microblogging: http: //weibo.com/123btc
3, DOGE godfather, this person is a traditional industry of marketing genius, a great reputation in China, but it is not good, often threatening the market with a variety of messages. He has been a staunch holders DOGE's. I can confirm that he currently holds more than 1 billion DOGE. Now he changed the network name is no longer called DOGE godfather. His microblogging: http: //weibo.com5079899080
4, Bitcoin Chariots, this person is currently mainly in the professional media people appear as a virtual currency, in fact, he is a veteran of BTC and DOGE players in January to buy a lot DOGE, earned 10 times. His microblogging: http: //weibo.com/btc007
In addition, there are two of the most well-known Chinese characters, even though they do not play DOGE, I still want to introduce:
1, Li Xiaolai, China BTC godfather, he is the most famous and most steadfast BTC holders, is considered holders of 100,000 or more. His famous quote: BTC first technical means to guarantee the inviolability of wealth, which makes China rich very interested. He had received an interview with Forbes. Before playing BTC, he is a successful entrepreneur training schools. His microblogging: http: //weibo.com/bylixiaolai
2, ZhaoDong, China's most powerful BTC maker, and his two accounts, are the first 5 in the rankings huobi.com. Everyone affectionately called him "uncle dong", including the boss of each exchange, instant is Li Feng, in front of him should show enough respect. Before playing BTC, he is also a successful Internet entrepreneur, sold a leading mobile phone applications. His microblogging: http: //weibo.com/zhaodong1982
submitted by dogebabycn to dogecoin [link] [comments]

Yunbi Is Winding Down In 3 Months

http://news.8btc.com/li-xiaolai-yunbi-is-winding-down-in-3-months
A Shenzhen-based exchange has delisted BTC and ETH trading pairs against CNY. The exchange is the second one. The latest report of Caixin Weekly this afternoon also revealed that “Yunbi is winding down in 3 months” according to Li Xiaolai, the Bitcoin tycoon in China.
Zhgtrade, a Shenzhen-based altcoin exchange, announced that the exchange would delist BTC/CNY and ETH/CNY trade pairs on 10 September. In addition, the statement said:
“As per the regulatory requirement, Zhgtrade will stop most trading pairs gradually. Please withdraw your CNY and digital assets.” 
Prior to the statement, the exchange, which was founded in 2015, has also suspended new user registration and CNY deposit on 9 September . This is the 2nd exchange that basically shut down operation. The first one is guojiaowang, one of the six Beijing-based exchanges. These two exchanges are more or less involved in the “ICO” frenzy in China. In fact, most exchanges and ICO platform announced refunding procedures for “ICO” coins after delisting of ICO-ed coins. So far, Huobi, OKCoin, Btc38 and Viabtc are the exchanges that are not connected with “ICO” coins. But that doesn’t provide them shelter from regulatory storm.
In response to a report from Caixin, Huobi, OKCoin and BTCChina release almost identical reponses. Take BTCC’s reply for example:
1. So far, we haven’t received order from regulatory authorities and not in a position to confirm the authenticity of the news. 2. As a company based in China, BTCC’s basic principle is to comply with local regulatory policy. If the report is true, we will firmly support the policy and protect the customer’s asset security. 3. The report mentions that Bitcoin is not considered as illegal by the authority and p2p trading between users are not banned. If the report is true, BTCC will stop current BTC/CNY trading and transform into a p2p trading platform for digital assets. 
The response leaves a opening for transforming into an OTC exchange, which is specifically mentioned as “not restricted” by regulatory report.
But the danger of total shutdown is looming until later this afternoon. According to the latest report by Caixin, Li Xiaolai, who owns 25% share of Yunbi, told Caixin reporter that:
“Yunbi is winding down in 3 months” 
With the ride of ICO, Yunbi once took the first place in terms of trading volume in the world. If Yunbi and other exchanges are to shut down, CNY liquidity supply is bound to shrink. Although BTC trading might still be conducted via localbitcoins, OTC exchange for ERC-20 tokens is still absent in the market.
submitted by 2creddit8 to rBitcoin [link] [comments]

The dark side of the currency world Why nobody is in charge? Who is behind the "big tiger"?

I need a reporter to report
Translate: Https://translate.google.com/
1: When the country strictly prohibits the pyramid scheme "3m", there are a large number of 3m players on btctrade. The btctrade platform has nothing to do. Http://blog.sina.com.cn/s/blog_d04ee6f90102w7qh.html
2: cloud network repeatedly drawn. https://weibo.com/2188341020/FhDRYkY11?type=comment (In the case of severe ban on ico, the platform will still be on the ico currency, such as the only chain)
3: The okcoin control panel is not a fact. It was exposed as early as 2015. Https://www.zhihu.com/question/264047612
4: With regard to Chinese banks, it is clearly stipulated that in 2014, the exchange must not open RMB recharge. However, just half a year later, the exchange opened a recharge. It was a perfect copy once.
5: okcoin platform, etc. Loan sharking in 2017. Not to be held responsible for any. Perfect Shanghai PR. The relevant lending news in 2017 has been deleted! Http://tieba.baidu.com/p/2990789616?red_tag=f3331917502
6: btcchina had been working at Lagou.com in 2017 (Note: Bitcoin) Https://www.lagou.com/company/j250178.html (deleted)
7: About Kaiyuan Tongbao Scam The last group to pursue the money, only to recover the .btc123 firm and the Kaiyuan Tongbao Law Firm https://weibo.com/1316487607/ErGZGtigS?type=comment
8: icocoin fraud Http://news.hexun.com/2017-09-03/190701461.html
9: Li Xiaolai came to Zhaodong mine incident Http://www.sohu.com/a/154725074_707340
10: Voting is deceptive Http://8btc.com/thread-64664-1-1.html
11: China's largest Bitcoin Forum "ico currency" scam Http://baijiahao.baidu.com/s?id=1583037265858971459&wfr=spider&for=pc
Does justice mean cigarettes?
submitted by chinaFBI to Bitcoin [link] [comments]

Yunbi Is Winding Down In 3 Months (Some said 3 days)

http://news.8btc.com/li-xiaolai-yunbi-is-winding-down-in-3-months
A Shenzhen-based exchange has delisted BTC and ETH trading pairs against CNY. The exchange is the second one. The latest report of Caixin Weekly this afternoon also revealed that “Yunbi is winding down in 3 months” according to Li Xiaolai, the Bitcoin tycoon in China.
Zhgtrade, a Shenzhen-based altcoin exchange, announced that the exchange would delist BTC/CNY and ETH/CNY trade pairs on 10 September. In addition, the statement said:
“As per the regulatory requirement, Zhgtrade will stop most trading pairs gradually. Please withdraw your CNY and digital assets.”
Prior to the statement, the exchange, which was founded in 2015, has also suspended new user registration and CNY deposit on 9 September . This is the 2nd exchange that basically shut down operation. The first one is guojiaowang, one of the six Beijing-based exchanges. These two exchanges are more or less involved in the “ICO” frenzy in China. In fact, most exchanges and ICO platform announced refunding procedures for “ICO” coins after delisting of ICO-ed coins. So far, Huobi, OKCoin, Btc38 and Viabtc are the exchanges that are not connected with “ICO” coins. But that doesn’t provide them shelter from regulatory storm.
In response to a report from Caixin, Huobi, OKCoin and BTCChina release almost identical reponses. Take BTCC’s reply for example:
  1. So far, we haven’t received order from regulatory authorities and not in a position to confirm the authenticity of the news.
  2. As a company based in China, BTCC’s basic principle is to comply with local regulatory policy. If the report is true, we will firmly support the policy and protect the customer’s asset security.
  3. The report mentions that Bitcoin is not considered as illegal by the authority and p2p trading between users are not banned. If the report is true, BTCC will stop current BTC/CNY trading and transform into a p2p trading platform for digital assets.
The response leaves a opening for transforming into an OTC exchange, which is specifically mentioned as “not restricted” by regulatory report.
But the danger of total shutdown is looming until later this afternoon. According to the latest report by Caixin, Li Xiaolai, who owns 25% share of Yunbi, told Caixin reporter that:
“Yunbi is winding down in 3 months”
With the ride of ICO, Yunbi once took the first place in terms of trading volume in the world. If Yunbi and other exchanges are to shut down, CNY liquidity supply is bound to shrink. Although BTC trading might still be conducted via localbitcoins, OTC exchange for ERC-20 tokens is still absent in the market.
submitted by 2creddit8 to Bitcoin [link] [comments]

Bitcoins Come to China

By Chen Huijing (陈慧晶) Issue 618, May 6, 2013 Market, page 17 Translated by Zhu Na Original article: [Chinese] http://www.eeo.com.cn/ens/2013/0509/243777.shtml
Within just one month, the value Cheng Hua’s (程华) Bitcoin holdings had increased nearly sixfold.
Bitcoin, an unofficial virtual currency that’s transferred digitally without an intermediate financial institution, saw its value soar from $46 to $230 between Mar 10 and April 10.
Cheng Hua was one of the first Chinese to trade the currency. In China, Bitcoin lovers like him call themselves “BTCers.”
Li Xiaolai (李笑来), who claims to have the largest collection of Bitcoins in China, describes his obsession saying, “Bitcoin is the most stunning and most subversive social experiment in history.”
Will Bitcoin start to challenge traditional currency? Or is this just a speculative bubble that will become the digital world’s “Tulip Mania”?
A Crisis and an Opportunity
If it weren’t for the banking crisis that hit Cyprus, Cheng Hua may have totally forgotten about the 2,000 Bitcoins that he and his friends bought two years ago.
On Mar 16, the Mediterranean island nation of about 1 million signed on for a 10 billion euro bailout from the EU and IMF. As part of the deal, Cyprus would raise 5.8 billion euro by levying a one-off 6.7 percent tax on bank deposits under 100,000 euro and 9.9 percent on higher deposits. Once the news circulated, people in Cyprus rushed to withdraw their money from banks.
During this time, downloads of online software for trading Bitcoin started to boom. Cypriots were very interested in a virtual currency with no central government control.
Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced that he planned to open a Bitcoin ATM in Cyprus. He said that within just a few days, he received many orders for these special ATMs.
With the surge in demand, the price of Bitcoin against the U.S. dollar soared. On Mar 16, it was worth $47. By Apr 9, it broke through $200 and reached its highest point of $230. But it soon fell back to around $100.
“During this month of watching Bitcoin, I hardly got any sleep,” said a “BTCer” who just recently got interested in the field. “Between the time I closed my eyes and opened them again, the price had risen or dropped more than $10. It was very exciting.”
He’s considering selling his house so he can invest all his money in Bitcoin.
Cheng Hua was also shocked by the recent events. He found that the 5,000 yuan he invested in Bitcoin two years ago was now worth 40 times that amount.
Investment
Bitcoin was started in 2008 by an anonymous creator as an alternative to government controlled currency - much like gold. And like gold, Bitcoin is “mined” virtually. According to Wall Street Journal, people can mine Bitcoins with computers and special software by solving complicated mathematical problems. But since the process is so difficult, most just opt to buy it. New Bitcoins are made available to be mined when the network is updated, and the amount of new coins distributed will be halved every year until 2140 when the total number will be capped at 21 million.
In May 2011, Cheng Hua and his colleagues at a software company started to mine Bitcoin online. “At that time there weren’t many people mining, so it was easy,” he said. “In the beginning, we could dig up two or three Bitcoins per day. There were different mines as well as rankings. We joined one of them, and coins were allocated based on the contribution of miners’ calculation ability.”
Like many Bitcoin lovers, Cheng Hua and his team’s mining experience wasn’t very successful. The money they generated from selling Bitcoins was less than what they’d invested in the electronic infrastructure to mine. After half a year, they gave up. Luckily for Cheng, he held on to many of the coins.
Li Xiaolai (李笑来), founder of a major website, invested hundreds of thousands of yuan and suffered major losses, but persisted in the Bitcoin market. He continued to gain more by buying low and selling high. “In the end, I gained 2,100 Bitcoins using this method, which was far beyond my expectations,” Li said.
He says that Bitcoin is valuable because it ensures inviolability of private property through its decentralized peer-to-peer structure. To him, it provides a guarantee of freedom.
The Future Economy?
Bitcoin has come a long way in its short history. As of Mar 30, all Bitcoins that have been issued so far were together worth over $1 billion. And a series of Bitcoin-related industries have developed including Bitcoin exchanges, information websites and third-party payment services.
In the U.S., Bitcoin is already being used in daily life. According to an October 2012 report by BitPay, a company providing payment mediums for Bitcoin, over 1,000 merchants accepted payment with the currency through their system.
Though Bitcoin just started to take off in China this year, there are already more than 10 online stores on Taobao that accept the currency. And after the Ya’an earthquake hit, Bitcoin donations were accepted.
American economist Paul Krugman has come down hard on Bitcoins, saying they “derive their value, if any, purely from self-fulfilling prophecy, the belief that other people will accept them as payment.”
“BTCers” have a different view. Li says that Bitcoin does indeed have some shortcomings currently, but that’s because people dealing with the young currency have a mindset that’s accumulated after thousands of years of using traditional money. Volatility, he says, is natural in the beginning.
“I don’t see Bitcoin as speculation or an investment,” Li said. “For me, it’s a social practice. Gold doesn’t support currency. People’s trust supports currency. Bitcoin is the same. It has no intrinsic value. It’s gained trust from people on the internet voluntarily. This trust is more valuable than the forced trust traditional currency relies on.”
Cheng Hua holds the same view “Bitcoin is based on the principle of trust,” he says. “Maybe it will have bubble stages, but currency must go through these stages during development. The traditional legal currency also went through these stages in its emergence. The future economy in the virtual world is built on the basis of virtual currency. This is the value of Bitcoin.”
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