• Breaking News

    Wednesday, December 20, 2017

    Home Unlabelled Crypto Currency Markets Tether Announce That Tethers Are No Longer Redeemable for USD (trololol)

    Crypto Currency Markets Tether Announce That Tethers Are No Longer Redeemable for USD (trololol)

    December 20, 2017

    Crypto Currency Markets Tether Announce That Tethers Are No Longer Redeemable for USD (trololol)

    Tether Announce That Tethers Are No Longer Redeemable for USD (trololol)

    Posted: 20 Dec 2017 07:21 PM PST

    RaiBlocks AMA Summation!

    Posted: 20 Dec 2017 03:05 PM PST

    Summation of RaiBlocks lead developer AMA. I'm very excited about this coin, and if you're asking why I did this...I'm trying out my AMA consolidating script that I wrote for fun :) I'm interested in seeing what people think about this coin! You can read the responses directly from this link: https://www.reddit.com/r/RaiBlocks/comments/7ko5l7/colin_lemahieu_founder_and_lead_developer_of/

     

    What are your top priorities atm? Both in developing areas itself and in terms of integration?

     

    The top priorities right now are:

    • Wallets desktop/mobile and ease-of-use improvements to the node

    • Integration with exchanges

    • Vendor adoption wider user adoption

    These basically need to happen in a sequence because each item isn't useful unless the previous one is complete.

     

     

    Do you have any plans to have your source code peer reviewed? By peer review I mean sending your source code down to MIT for testing and review.

    Where do you see Raiblocks 5-10 years from now? (For instance do you envision people using a Raiblocks mobile phone app to transfer value between each other, or buy stuff at the store?

     

    We definitely need peer and code reviews and we're open to anyone doing this. We have ideas for people in universities that want to analyze the whitepaper or code so we'll see what comes of that. In my opinion code security guarantees can only be given with (eyes * time) and we need both.

    I'd like to see RaiBlocks adopted as an internet RFC and basically become an ubiquitous background technology like http. I think you're probably right and a mobile app would be the most user-friendly way to do this so people don't need to carry around extra cards in their wallet etc.

     

     

    Is there a list of the team readily available? Are there firm plans to expand, and if so, in which directions?

    The roadmap indicated a website redesign scheduled for November 2017. Is there an update?

     

    We have about 12 people in the core team; about half are code and half are business developers. On the redesigned website we're going to include bios for sure, no one in our team is anonymous. I think we have pretty good coverage of what we need right now, we could always use more people capable of contributing to the core code.

    The website design is well underway, we wanted to streamline and add some more things to it so it took longer than originally estimated. It'll looking like after the new year we'll have it ready.

     

     

    Would you ever consider renaming the coin to simply "Rai" or any other simplified form other than RaiBlocks?

    2. What marketing strategy do you think will push XRB forward from now on as a fully working product. Instant and free, the green coin, "it just works" coin, etc?

    3. Regarding security, is "quantum-proofing" a big concern at the moment and how do you guys plan to approach this when the time comes. And how possible would it be for bad actors to successfully implement a 51% attack.

     

    1. Yea there are a few difficulties people have pointed out with our name. People don't know if it's "ray" or "rye". "Blocks" doesn't have a meaning to a lot of people and the name reference might be too esoteric to be meaningful. I'm not prideful so I'm not stuck on a particular name, we'll take a look at what our marketing and business developers say peoples' impressions are and if they have any naming recommendations.

    2. Our marketing strategy is to focus on complete simplicity. Instant and free resonates with enthusiasts and mass adoption will only come when using xrb is absolutely the same experience as using a banking or other payment app. People aren't going to tolerate jargon or confusing workflows when sending or receiving payments.

    3. Quantum computing is going to be an amazing leap for humanity but it's also going to cause a lot of flux in cryptography. The plan I see is the similar to what I did in selecting the cryptographic algorithms we're using right now: look for leaders in academia and industry that have proven implementations and use those as they recommend migration based on computing capability. Quantum vulnerabilities can be an issue in the future but a vulnerable implementation would be an issue right now.

     

     

    Hi Colin, lately XRB has been getting frequently compared to and contrasted with Iota. I was hoping that you could give us your thoughts on the differences between the two and what your general vision for the future of Raiblocks is.

     

    It's flattering to be compared to IOTA, they have a very talented team building ambitious technology. When looking at design goals I think one thing we're not attempting to approach is transferring a data payload, we're only looking to be a transfer of value.

    There are lots of ideas and technology to be developed in the cryptocurrency space and I want RaiBlocks to solve one section of that industry: the transfer of value. I think the best success would be if RaiBlocks was adopted as the global standard for this and crypto efforts could move to non-value-transfer use-cases.

     

     

    Do you see XRB becoming the new payment method for commerce. As in, buying coffee, groceries, etc? Do you have plans for combating the HODL mentality so this currency can actually be used in the future of buying and selling?

     

    Being a direct transactional payment method is our goal and we're trying to build software that's accessible to everyone to make that happen. I see holding as a speculative tactic anticipating future increases and you're right, it's not in line with day-to-day transactions. I think as market cap levels off to a more consistent value the reason for holding and speculating goes away and people can instead focus on using it as a value exchange.

     

     

    Are you planning to expand the RaiBlocks team over the next 12 months? If so, what types of positions are you hoping to fill?

     

    Right now we have about 12 people, half core and half business developers. I think this count is good for working on what we're doing right now which is getting wallets and exchanges worked on. Ideally people outside our team will start developing technology around xrb taking advantage of the network effect to build more technology faster than we could internally. That being said we're going to look in a few months to see if there's anything out there people aren't developing that should be and we'll see what people we need to make it happen.

     

     

    At what point did you make the decision to make RaiBlocks your full time job? What was the decision making process like?

     

    It was after the week where the core team met here in Austin to brainstorm our next steps. I saw how much enthusiasm there was from crypto-veterans with having a working system capable of being scaled up to what's needed for massive adoption and it seemed the risk needed to be taken.

    It was hard decision to make, working in the crypto and finance is rough and I like using my leisure time to work on inventions. Of all the projects ideas I have this one seemed to have a high chance of success and the benefits of having a working, decentralized currency would be huge.

     

     

    Hi Colin, what prevents great cryptos like XRB from being listed on bigger exchanges?

     

    It's good to understand where the biggest headaches for exchanges lie: support tickets, operations, and development. If a technology is different from what they already have, that takes development time. If the software is new and not widely run, that's potential operations time to fix it which results in support tickets and community backlash. Adding BitCoin clones or Ethereum ICO coins is easy because they don't have these associated risks or costs.

     

     

    What can the average RaiBlocks-Fan do to help XRB getting adopted / growing / expanding?

     

    I think the best thing an average fan could do is word of mouth and telling people about RaiBlocks. More people being aware of it means there's the possibility someone who's never heard of it before would be interested in contributing as a vendor, developer, exchange etc.

    Good advertising or marketing will never be able to reach everyone as well as someone reaching out within their own network.

     

     

    Ray or Rye?

     

    Ray hehe. It comes from https://en.wikipedia.org/wiki/Rai_stones Lots of people don't know the answer though >_<

     

     

    Are you looking at incorperating a datamarket like iota in the future? Given the speed of the network a data exchange for highly accurate sensors could be a game changer.

    Further more, are there any plans to increase the Dev team in the future? I read on the FAQ you'd like RaiBlocks to be somewhat of a protocol which is a huge ambition. A Dev from say the Mozilla foundation or other could further cement this ambitious project.

     

    Transmitting data payloads is something we probably won't pursue. The concern is adding more features like this could cause us to make decisions that compromise the primary focus points of low-cost and speed for transferring value.

    We can add people to the dev team though I think we'll get the most traction by teaching teams in these other organization how to use RaiBlocks so they can be the experts on the subject in their companies.

     

     

    Does the actual RaiBlocks version require "Each node in the network must be aware of all transactions as they occur" part? This was in the old white paper and is asked here:

    https://www.reddit.com/r/RaiBlocks/comments/7ksl81/some_questions_regarding_raiblocks_consensus/?st=jbdmgagc&sh=d1c93cca

     

    If a node wants to independently know the balances of all accounts in the system, it must at a minimum have storage to hold accounts and all their balances. In order to know all balances it must either listen to transactions as they're happening or bootstrap from someone else to catch up as what happens on startup.

     

     

    There is no incentive to run nodes. Some people will do it because it is cheap as fuck (as I read an raspberry pie can run it). But I think not many people will do it.

    1. How important are the nodes in terms of further scaling?

    2. On which network conditions where the 7000 transactions met?

    3. What happens if the transactions per day tenfolds but the nodes don't?

    4. How much better will Rai scale if someone sets up, lets say, 100 nodes with awesome hardware and network?

    5. How many nodes could be enough for visa level scaling?

    6. Which further improvements can be made for Rai IF there needs to be other improvements than setting up new nodes? Are there other concepts like 2nd layer solutions planned?

    7. How will Rai defend network attacks?

    I know there is an PoW part. But since there a also large attacks on high cap coins on which people invest millions of $ to congest a network..Is it possible that the Rai network will be unusable for several days because of this?

     

    I think the out-of-protocol incentives to running a node are under-referenced yet I see them as the primary driving factor for participating as a whole. Node rewards come at the expense of other network participants and in this closed loop the incentives aren't enough to keep a cryptocurrency alive. Long-term there needs to be a system-level comparative advantage to what people are already using for a transfer of value. If someone is using xrb and it saves them hundreds or thousands of dollars per month in fees and customer irritation in delayed payments, they have a direct monetary incentive to using xrb and a monetary incentive in the health of the system.

    1) More nodes provides transaction and bootstrapping redundancy. More representatives provides decentralization.

    2) The 7k TPS was a profile how fast commodity hardware could eat transactions. All of the real-world limits are going to be something hardware related, either bandwidth, IO, or CPU.

    3) The scaling is more related to the hardware the nodes are using rather than the node count. If there was 10x increase in transactions it would use 10x the bandwidth and IO as nodes observe transactions happening.

    4) If someone made 100 representative nodes the network would be far more decentralized though the tx throughput would be unchanged since that's a per-node requirement.

    5) Scaling to Visa will have high bandwidth and IO requirements on representatives associated with doing 10k IOPS. Datacenter and business class hardware will have to be enough to handle the load.

    6) Second layer solutions are always an option and I think a lot of people will use them for fraud protection and insurance. Our primary focus is to make the 1st layer as efficient and high speed as possible so a 2nd layer isn't needed for daily transactions.

    7) Defending against network attacks will be an ongoing thing, people like breaking the network for lulz or monetary gain i.e. competing cryptos. If there are attacks we haven't defended against or considered it'll be a matter of getting capable people to fix issues.

     

     

    Are you open to changes to the name? (Rai)

    What are your plans with regards to marketing?

     

    I'm open to it, people get confused on ray/rye pronunciation, not the greatest first impression.

    As far as timing I think marketing works best after a more user friendly wallet and integration in to more exchanges otherwise we're sending traffic to something people can't use. We're going to start by focusing on the initial adopters which will likely be enthusiasts and going forward work on the next set of users that aren't enthusiasts but want to drive savings for their business through lower payment processing costs.

     

     

    A recent tweet(https://twitter.com/VitalikButerin/status/942961006614945792) from Vitalik Buterin. Could this be a case with testing the scalability of RaiBlocks as well and in reality we wouldn't come close to 7000tx/s?

     

    I think he's definitely right, a lot of the TPS numbers are synthetic benchmarks usually on one system. The biggest thing hindering TPS are protocol-specific limits like hard caps or high contention design. The next biggest thing will be bandwidth and then disk IO. Some of these limits can be improved by profiling and fixing code instead of actual limits in the hardware.

    We want to get better, real world numbers but our general opinion is that the RaiBlocks protocol is going to be limited by hardware, rather than design.

     

     

    Are you planning to add a fiat gateway to the main website and mobile wallet?

     

    If we can make it happen for sure, that seems like a very user-focused feature people would want.

    The difficulty at least in the US is the money-transmitter licenses which are hard to obtain. More than likely if this functionality was added it'd be a partnership with an established financial company that has procedures in place to operate within countries' regulations.

     

     

    I saw a post on /r/iota that claims that their quantum resistance is a main benefit over raiblocks. Can you go into detail about this? explain any plans you have to let XRB persevere through upcoming quatum revolution?

     

    I think everyone with cryptography in their programs is keeping an eye on quantum cryptography because we're all in the same boat. I don't have cryptanalysis credentials so I didn't feel comfortable building an implementation and instead chose to use one off-the-shelf from someone with assuring credentials.

    There are some big companies that have made small mistakes that blow up the usefulness of the entire algorithm, it's incredibly easy to do. https://arstechnica.com/gaming/2010/12/ps3-hacked-through-poor-implementation-of-cryptography/

     

     

    Hello Colin, is any security audit to the source code planned?

     

    We don't have one contracted though both internally and externally this is an important thing people want completed.

     

     

    Do you have plans to radically change the interface of the desktop wallet, and to develop a universal, cross-platform, clean and simple UX design for the wallet? This will be huge for mass adoption in my humble opinion

     

    I completely agree, we do plan on completely redoing the desktop wallet, both from a UX standpoint and maintainability so UI code doesn't need to be in C++. This could also remove out dependency on QT which is the least permissive license in the code right now.

    I write code better than I design GUIs ;)

     

     

    It seems like Raiblocks is aiming to be a true currency with it's lacking of transaction fees and fast confirmation times, which is great! If Raiblocks can add some kind of support for privacy then I think it got the whole picture figured out in terms of being "digital cash". Do you currently have any plans to implement privacy features into RaiBlocks?

    If Raiblocks is unable to do this, it will still be a straight improvement over things like LTC which are currently being used as currency, but I don't think it will be able to become THE cryptocurrency without privacy features.

     

    I love the concept of privacy in the network and it's a hard thing to do right. Any solution used would need to be compatible with our balance-weighted-voting method which means at least we'd have to know how much weight a representative has even if we're hiding actual account balances.

    To be fully anonymous it would have to be hide accounts, amounts, endpoints, and also timing information; with advanced network analysis the timing is the hardest thing to hide. Hopefully some day we can figure out an efficient privacy solution though the immediate problem we can solve is making a transactional cryptocurrency so we're focusing on that.

     

     

    Could you provide an analysis on the flaws of RaiBlocks? Is it in any way, shape, or form at a disadvantage compared to a blockchain based ledger like bitcoin? There has to be drawbacks, but I haven't found any.

    Do you plan on expanding the dev team and establishing a foundation? Also, how much money is in the development pool?

     

    One drawback is to handle is our chain-per-account model and asynchronous updates it takes more code and design. This means instead of one top-block hash for everything there's one for each account. This gives us the power of wait-free asynchronous transactions at the cost of simplicity.

    After we finish up things like the wallet, website, and exchange integration we'll be looking at seeing what dev resources we need to build tech if no one else is already working on a particular thing. We have about 6 million XRB right now so we've made the existing dev funds go a long way. If something expensive to build came along and dev funds wouldn't cut it we could look at some sort of external funding.

     

     

    How big of a problem is PoW for exchanges and what are potential solutions?

     

    Considering how much exchanges stand to make through commission I don't see the cost as a barrier, it's just an abnormal technology request compared to other cryptocurrencies.

    We're working on providing a service exchanges can use in the interim until they set up their own infrastructure to generate the work. Other options are containers people can use on cloud services to get the infrastructure they need until they want to invest in their own.

     

     

    It's my understanding that since everything works asynchronously, in the case of double spending there is a chance a merchant would receive the block that would be later invalidated and have it shown in it's wallet, even if a little later (1 minute?) the amount would correct when the delegates vote that block invalid. Is there any mechanism to avoid this? Maybe tag the transactions in the wallet as "confirming" and then "confirmed" after that minute? Is there actually any certain way for a wallet to know, in a deterministic/programable way, at what moment a transaction is 100% legit? (for example if the delegates are DoS'ed I guess that minute could be much longer). I know this is an improbable case, but still...

     

    Yea you're hitting a good point, the consensus algorithm in the node is designed to wait for the incoming transaction to settle before accepting it in to the local chain for the exact reason you listed, if their transaction were to be rolled back the local account would be rolled back as well.

    We can trend the current weight of all representatives that are online and voting and make sure we have >50% of the vote weight accounted for before considering it settled.

     

     

    Hey Colin, will you eventually have support for a Trezor or other hard wallet?

     

    Yea we'll definitely work with companies like Trezor that are interested in being a hardware wallet for xrb. It's just a matter of making sure they support the signing algorithms and integrating with their API.

     

    EDIT: I'm getting a lot of messages asking me how to buy XRB. I used this guide which was very helpful: https://www.reddit.com/r/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/

    In short -- buy BTC on coinbase, open up an account on bitgrail, transfer that BTC from coinbase to bitgrail, then trade your BTC for XRB. It's a pain right now because it's such a new coin, but soon it will be listed on more exchanges, and hopefully on things like shapeshift/changelly. After that it will be much easier... but until then, the inconvenience is what we have to pay in order to get into XRB while its still early.

    EDIT: BAD SCRIPT, BAD!

    submitted by /u/atriaxx
    [link] [comments]

    Litecoin creator Charlie Lee sells entire LTC holding

    Posted: 20 Dec 2017 04:06 AM PST

    Bitcoin Vs Bitcoin Cash on Neutral Crypto Talk

    Posted: 20 Dec 2017 12:23 PM PST

    I wanted to post this here to do two things. I wanted to show the new subreddit r/neutralcryptotalk and to invite you all to participate in this thread Bitcoin vs. Bitcoin Cash. The idea behind the sub is to discuss with facts and evidence cryptocurrency technologies. This thread is to try and bring that to the big BTC vs BCH debate. A place where the mod team is not bias and free and open discussion can be created. Reddit is filled with mudslinging on each side and it can be hard to determine which side is right or even which you agree with. This is your place to ask questions on these two with respect for one another. So I encourage you to check it out and I hope to see you there!

    submitted by /u/TransparentMod
    [link] [comments]

    Vechain officially announces partnership with Jiangsu Printed Electronics Co., Ltd

    Posted: 20 Dec 2017 08:48 PM PST

    Why is verge and Powr performing so well?

    Posted: 20 Dec 2017 06:23 PM PST

    I only have two months experience in this area.. i know thats minimal compared to a most people here.

    I dont understand how these random listings such as Power / Verge and even DGB have gone up so much lately

    any insight? is it PnD? am i not looking in the right places for information .. any help is appreciated

    submitted by /u/abzftw
    [link] [comments]

    BBC Bitcoin Cash deals frozen as insider trading is probed

    Posted: 20 Dec 2017 06:19 AM PST

    Blockfolio isn't cutting it. Anyone else managing a complex portfolio?

    Posted: 20 Dec 2017 08:50 PM PST

    Im trading ten currencies at a given time. If you're using excel, I'd love a template referral. If anyone has made a stellar spread sheet that would work (live data feed a big plus), i would be willing to buy it from you.

    Excel is my obvious first assumption, but if there's another UI/software, please, DO tell!

    I've been using blockfolio and it's not even close anymore. I need to keep track of dollar to crypto and then crypto to crypto, as well.

    If someone asks you for the approximate volume of consciousness, tell them it's about ten crypto currencies.

    Thanks, gals/guys.

    submitted by /u/Scooter_for_sale
    [link] [comments]

    Bitcoin dominance quickly dropping to historical low.

    Posted: 20 Dec 2017 01:51 PM PST

    Just a head's up for you fellows; the market dominance of Bitcoin is rapidly dropping amidst last week's turmoil.

    Until March 2017 Bitcoin has always had a comfortable market dominance of +85% ( crypto marketshare, chart here: https://coinmarketcap.com/charts/#dominance-percentage )

    However, in june 2017 the market cap of Ethereum threatened to take over the lead. This led to a historical low market dominance of around 38%. Since then it has been an impressive bullrun for Bitcoin, reclaiming a big share of the total marketcap.

    Well, the cap is melting again and Bitcoin's share recently dropped to around 45%. Is another flippening at hand? What do you think?

    submitted by /u/boppie
    [link] [comments]

    Enigma Update #1 - Nov. and Dec 2017 Updates, Big 2018 Plans! - [04:50]

    Posted: 20 Dec 2017 10:14 AM PST

    Pull out your crystal balls and tell me - how many crypto currencies are actually needed?

    Posted: 20 Dec 2017 12:36 PM PST

    I'm not looking for someone to pick the winners for me. I also understand that many coins have different purposes and features. I'm just curious, after looking through the 100's of coins on CMC - how many do we really need? How many will just disappear?

    Will we see a few dominant coins and the rest become worthless? Will we see a day where you have multiple wallets on your phone to pay for different goods/services with different coins?

    I can't see all these alt coins surviving. I guess it's like any startup in that sense - a small percentage will rise to the top most likely while the rest eventually run out of steam. Just curious on your thoughts.

    submitted by /u/See-Hawks
    [link] [comments]

    FunFair - A Game Changer of 2018. An in-depth analysis.

    Posted: 20 Dec 2017 03:36 PM PST

    FunFair. An in-depth analysis.

    FunFair is a decentralised gaming technology platform which uses the Ethereum blockchain, smart contracts, and proprietary state channels to deliver casino solutions with games that are fun, fast and fair.

    FunFair is not a casino. Instead, FunFair will license its technology out to casino operators. This differentiates FunFair from the competition in the blockchain gambling sphere – being a casino carries with it risks and burdens stemming from statutory and regulatory hurdles. Being a licensing entity instead, provides legal safeguards and will enable a more widely used platform.

    I'd like to touch on the many aspects of FunFair that makes it an extremely promising and undervalued project. However, I won't be making any price projections. As always, do your own research. In this case, I've done a lot of it for you.

    The market.

    Online gambling is a large market: currently over 47.1 billion dollars, and projected to continue increasing. https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/.

    The problem and the solution.

    Trust. Traditional online casinos rely on you trusting them to be fair. The chance of red coming up on roulette is 48.65%. How do you know your traditional online casino is giving you those odds? You don't – you need to trust them. Most online casinos are incorporated in island microstates. Do those nations have online casino regulators? Do they possess the willingness, manpower, and expertise to audit online casinos?

    FunFair puts the gambling on the blockchain so it's trustless – you know you have a 48.65% chance of having red come up. It's fair.

    The team.

    FunFair has their ground covered and bases loaded. With their team of 30+ professionals they are way ahead of the competition. You may know CEO Jez San, OBE, from his career track: Argonaut Games (founder), Star Fox (programmer), and PKR Poker (founder). He has been in the gaming industry for more than two decades, and has built valuable relationships along the way. Constantly engaging with the FunFair community through Telegram, Discord, and Reddit, it seems as though he leaves no engaging question unanswered. Alongside Jez as COO is David Greyling (https://www.linkedin.com/in/davidgreyling/), former International Director of William Hill, one of the world's leading betting and gaming companies and one of the most trusted brands in the industry. (https://www.williamhillplc.com/about/).

    Further, FunFair is looking to expand – and fast. They expect to have a team of 50+ people in the not-so-distant future, as they are currently hiring business and marketing professionals. So, if you're looking for an opportunity to showcase your expertise in these fields, try your shot at securing a position within the company! (https://www.funfair.io/careers) The FunFair team's base of operations is in London, UK.

    The platform.

    FunFair presents its casino operators and players with a gaming opportunity never seen before:

    • Decentralized, serverless
    • Provably fair, blockchain-based
    • Trust-less outcomes that can be witnessed on verifiable smart contracts
    • Instant cashouts – FunFair does not hold your funds
    • Accessible through web browser on desktop or mobile
    • Fun games with an exciting user interface
    • Fast gameplay conducted through Fate Channels – the team's custom version of State Channels. The Fate Channels developed by the FunFair team are superior technology. In very basic terms, Fate Channels are what supports the communication during a game session between the player and the casino. They provide a fast, low cost method for random number generation, starting gaming sessions, ending them and settling with smart contracts on the blockchain. This allows for secure, deterministic, fair gameplay. There is only one gas fee needed to start the game session. For an in-depth explanation that you won't be disappointed in reading, please refer the the technical white paper here: https://funfair.io/wp-content/uploads/FunFair-Technical-White-Paper.pdf

    FunFair is already prepared for mass adoption and has a working solution for Ethereum network congestion. Fate Channels.

    For more discussion both technical and company related, have a look at both whitepapers: https://funfair.io/explore/whitepapers/

    The games.

    FunFair is pursuing a full suite of traditional casino games:

    • Blackjack
    • Baccarat
    • Craps
    • Roulette
    • Slot machines (various types)
    • Video Poker (5 card and 3 card)
    • + more

    You can test all of these games at https://showcase.funfair.io/. Some are currently testable on the Ethereum testnet.

    FunFair is one of the only projects in the cryptocurrency space that has a working product. They are set to launch in the beginning of Q2 of 2018.

    What have they been up to? Are they on track?

    Consistently ahead of schedule and on top of their roadmap in many ways, FunFair was a sponsor of DevCon 3 and had one of the most engaged-with booth setups. They connected and networked positively with many developers at the event. https://twitter.com/FunFairTech/status/926113230677856256

    They've recently received the Malta iGaming award for "Best ICO of 2017" which was determined by a nomination panel of 5 industry experts, and a panel of 32 judges with many years of combined experience in gaming. The awards were hosted during Malta Gaming Week; a very large event attended by many business executives, authorities, and even local government: http://maltagamingweek.com/

    They've been constantly updating their product showcase, and adhere to all feedback received by community members. Their new showcase was designed to "be able to cope with adding more games easily by the team + third parties, and also to be configurable by casino operators." Some of their product update can be found here: https://funfair.io/awards-latest-product-update/

    How does the token (FUN) derive value?

    FunFair does not issue dividends or offer profit sharing – FunFair has no profit to share. The technology will be licensed to casino operators for free – itself a major draw for existing casino operators to adopt the FunFair platform. FunFair does not take a cut of the profits from any of the casino operators – they're free to keep all profits to themselves. With a fixed supply, the value in FUN is derived from scarcity of the token in the marketplace. Scarcity comes from four sources:

    • Casinos holding FUN as part of their bankroll (described more below)
    • Players holding FUN and not cashing it out immediately after they play
    • Speculators (investors) holding FUN anticipating it will increase in value
    • Token burn: a small amount of FUN will be slowly destroyed over time. The exact amount has not been announced, though it will likely be quite small.

    That first scarcity factor will be key, as casinos will need large bankrolls of FUN to operate a large casino with multiple games and high max bets. Think about it this way: if a casino has a roulette table with 1 seat, and a 5000 FUN bet limit, it will need to be armed with at least 175,000 FUN to let a player come by and spin the wheel (5000 max bet * 35, the max payout on roulette of a single number hitting).

    Plans for the future & the latest company update .

    • New high-level employee added to the team: Stefan Kovach- was Brand/Marketing director for large gaming brands such as bwin and Poker Stars for many years. https://uk.linkedin.com/in/stefankovach

    • Development will be finished for Q1 2018, allowing for advancement in operations and partnerships at the beginning of Q2 2018.

    • FunFair is in the process of acquiring their Remote Gambling Software License, which will enable them to license their technology to existing and regulated casino operators.

    • FunFair has steady operational costs covered for the entire year, as well as an 85,000 ETH reserve/storage for any and all upcoming costs.

      An Updated Roadmap (December 20th, 2017)

    Q1:

    In January we will be submitting to the UK Gambling Commission our application for a Remote Gambling Software License.

    In February we will be attending ICE Gaming, an international B2B conferencing event, where we will be introducing the FunFair brand to the gaming industry.

    By the end of March V1 of the FunFair blockchain casino nears completion. This release will allow for real FUN to be used on the Main Ethereum Network for the first time.

    Q2:

    Operator On-Boarding: Deploying the FunFair casino in partnership with a friendly operator; objective: learn, adapt & iterate the technology as part of a soft launch.

    Further product enhancements and features will continue to be worked on and, as we scale, we expect to introduce more regular product releases.

    Engaging with 3rd party game developers, publishing API documentation and sample games and contracts.

    Q3-4:

    Product feature enhancements and further operator on-boarding. Comprehensive operator reporting and administration tools.

    Full update: https://funfair.io/company-update-december-2017/

    So, if you've read this far, you can now see how professional and enlightening this team has been with their project. I believe that within the following months, FunFair will show us exactly why they are one of the best projects in the cryptocurrency space right now and beyond.

    TL;DR - Licensor of provably fair blockchain casino technology. Professional team of 30+ employees, full transparency in company actions and initiatives, proprietary technology that is near-ready for mass adoption, consistently on-track with road map. They have tackled a problem head-on with the gambling industry, and are ready to provide their solution. Strong community of both members and developers.

    Special thanks to u/Commissar_ for the assistance in writing this.

    submitted by /u/usuallyrealistic
    [link] [comments]

    Speculation on John McAfee's tweet just now, what coin will be talk about?

    Posted: 20 Dec 2017 04:32 PM PST

    I know hes a lunatic but theres a lot of stupid money that listens to him. I mean, Verge grew like crazy after he mentioned it, who cares if you dont believe in either, if it you can catch the wave and ride it thats all that matters.

    So, with that and for those who didnt see it, McAfee tweeted half an hour ago that starting tomorrow he will talk about 1 new coin each day that hes invested in.

    What do you think he will talk about tomorrow?

    submitted by /u/Illidariislove
    [link] [comments]

    Why XRB (RaiBlocks) is the Future of Crypto

    Posted: 20 Dec 2017 08:41 AM PST

    RaiBlocks (XRB) is an extremely scalable currency (7000 transactions per second tested) that has nearly instant FREE transactions, without the need for miners, while still staying extremely decentralized.

    visit raiblocks.net to learn more visit bitgrail.com to transfer

    TIP: transfer using LTC for lowest fees and quickest transactions for XRB 100 xrb buying limit but can be converted to btc which when used on bitgrail has no minimum when buying XRB

    What do all of you think about XRB?

    submitted by /u/ryan1064
    [link] [comments]

    Will exchanges begin new trading pairs if BTC continues to drop?

    Posted: 20 Dec 2017 05:37 PM PST

    Most exchanges have BTC trading pairs, which are burning us badly right now, as people jump on the imitation Bitcoin. The result is that the conversion to fiat for almost all of our alts is terrible.

    Even though many coins are still doing really well, having either kept their value, or increased it - they actually sell for less fiat right now because BTC is so low.

    Exchanges who directly trade to KRW or USD are incredibly higher in their fiat conversions right now and ultimately perceived coin value. I guess we've been lucky while BTC was rising steadily, but recently things are different.

    Can we request/suggest/lobby for trading pairs to be changed on our markets? Or do we simply look for another market that already does?

    It's like being paid in chocolate. Sure, we still get our 200grams per week, and increasing - but chocolate is worth less and less lately - which makes it seem like we're being paid less.

    Any thoughts? I'm def not tech savvy with regards to the trading pair rules etc.

    submitted by /u/suibhnesuibhne
    [link] [comments]

    BlocStart comes out with another strong 'Selections' video... watch out for these guys in 2018

    Posted: 20 Dec 2017 06:57 PM PST

    CNBC Stimulates Bitcoin Cash Increase

    Posted: 20 Dec 2017 09:47 AM PST

    4-step guide to evaluating the mad world of ICOs

    Posted: 20 Dec 2017 03:29 AM PST

    City of Haarlem (NL) kicks off with Iota

    Posted: 20 Dec 2017 05:40 AM PST

    I am a company, I make money from charging fees. One coin does over 1 Billion dollars in volume on a daily basis and another coin does about 300 million in volume. It is profitable to add the higher volume coin to my platform. What coin do I add?

    Posted: 20 Dec 2017 08:06 AM PST

    Think about Coinbase in this form and you may have some insight into the coins that they are likely to add next.

    It's a common sense approach. No need for insider information.

    I'm sure they consider other factors but this approach will narrow your search significantly.

    submitted by /u/TheEnlightenedMan
    [link] [comments]

    Daily Crypto Update (12/20/17) + Technical Analysis:

    Posted: 20 Dec 2017 09:29 PM PST

    The new Symbols for BTC and BCH on the Coinbase widget look like ClipArt.

    Posted: 20 Dec 2017 09:10 PM PST

    What Is IOTA? No fees, instant transactions, but questionable scalability

    Posted: 20 Dec 2017 06:06 AM PST
    Read more
    at

    No comments:

    Post a Comment