Different Types of Bitcoin Wallets — Which Should You Use?

Introducing the Keyois Capsule, a new type of physical bitcoin. It's more than cold storage, it's cold hard storage.

Introducing the Keyois Capsule, a new type of physical bitcoin. It's more than cold storage, it's cold hard storage. submitted by ProfBitcoin to Bitcoin [link] [comments]

@mbr94dazh @Bitcoin If you think that data storage is free and infinite then you must be the type of Socialist/Comm… https://t.co/ZCkfhKNbns - Crypto Insider Info - Whales's

Posted at: September 13, 2018 at 04:28AM
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@mbr94dazh @Bitcoin If you think that data storage is free and infinite then you must be the type of Socialist/Comm… https://t.co/ZCkfhKNbns
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submitted by cryptotradingbot to cryptobots [link] [comments]

New Feature: Two types of bitcoin wallets - Normal Wallet and Cold Storage Wallet

TL:DR The Cold Storage Wallet has two keys and not one, any transfer out of this special wallet can be reversed within 24hrs with the second key.
This concept of two types of wallets is not my idea. I just learned of this concept from here: http://hackingdistributed.com/2016/08/03/how-bitfinex-heist-could-have-been-avoided/ I have quoted the meat of the concept from that link: "Suppose I designate some of my funds as being in a specially-marked cold storage account, or, let's call them vaults. To pay for things, I need to move them out of my vault to a regular wallet, a process which takes, say, a day. Merchants never accept payments directly from vaults; they use regular Bitcoin addresses, and payments work in the regular, irreversible fashion. But the special thing about vaults is that they come with two keys. One key is used to unlock the vault and move your funds to a regular wallet. The other one, called a recovery key, is used when you notice that your funds were hacked and moved out of the vault by a hacker. You can then use your recovery key to undo the hack -- you have 24 hours to notice and launch the recovery and get back all the funds.
Notice that you cannot fool a merchant with this trick and revert a real transaction. All you can do is take back your own money from someone who is trying to steal it."
I like this security method a lot and I think many others will as well. If this new bitcoin fork of ours were to have this feature, it would be a HUGE incentive to use this new bitcoin fork over the old bitcoin. Which bitcoin blockchain would you want to store/hold your bitcoins on?
NOTE: I know we don't want this project to get side-tracked with new "must have" features that differentiate this Bitcoin fork from the old Bitcoin. So ideally there is a repository of ideas/features to manage that.
submitted by Cyberider007 to btcfork [link] [comments]

Introducing the Keyois Capsule, a new type of physical Bitcoin. Better than cold storage, it's cold hard storage.

Hi everyone, my name is Jack, in the past I've gotten got my community college to host a short course on Bitcoin. (you can too!) and now I've made this new concept of physical bitcoins for some of you.
It's a cryptocurrency piggy bank. You can put funds into it but you need to break it apart to get funds inside; so it's tamper evident. It won't burn, rot, rust, melt, or otherwise lose data where so many other types of cold storage would.
I was unsatisfied with current methods of cold storage and so I decided to make myself something better. Click here to see problems with common methods of cold storage and why you should want something better
A backup seed or private key can be printed on paper or stored digitally but these mediums can be damaged by fire, time, water, and much more.
The Keyois Capsule is a tamper evident yet stylish way to keep a secret key safe from harm.
Benefits over a conventional paper cold storage wallet include:

The Keyois Capsule

Your BIP38 encrypted Secret Key (or otherwise encrypted backup seed) in engraved into a titanium ring. That is set inside another ring that bears the address. That is then put into a tamper evident and air-tight capsule with a elegant centerpiece of lab-created ruby or sapphire.
The end pieces are made of aircraft grade aluminium (al 6061) and surrounded by borosilicate (pyrex).
This product is designed mainly for those without access to multiple locations or land so that they cannot make split or multisig keys and they are forced to keep all their backups in one site.
It would have cost about the same to make 1 as to make 50, so I made 50 which also means you can buy one if you like them.
There are cheaper ways to improve your own situation, including: stamping or engraving on a piece of steel and securing that from wandering eyes. Be creative and have fun!
Here are some more professional photographs by videographer WordsmithJr and here is a long imgur album about me making the capsules. Oh, and here is another short album about making a capsule (not the capsules)
To order They aren't cheap, I wish they were but they weren't cheap to make. Price is $100USD worth of btc paid to only 13kqk3uk2b577KBSjZuwKQT3MGD9mEaVJC
To get the ball rolling I have made seven capsules available that are already ready-to-go that are available for sale without providing me with a encrypted key and address; I'll send you everything already generated and secured.
Everyone else, you must supply me with your address and BIP38 encrypted secret key or encrypted seed. If you don't understand this point then these are probably not for you.
Please re-read BIP38 and do some research on password strength and see this info about the pieces
Then message me with that information what what type of lab-created corundum you want.
21 red ruby stones remain
21 blue sapphire stones remain
6 generated by me ready to be sold
45 capsules remain available in total.
submitted by ProfBitcoin to btc [link] [comments]

Biggest cyberattack the earth has ever seen. Yet, bitcoin remains strong? Do these types of event effect bitcoin and make people panic even if they have their money in cold storage?

Biggest cyberattack the earth has ever seen. Yet, bitcoin remains strong? Do these types of event effect bitcoin and make people panic even if they have their money in cold storage? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Biggest cyberattack the earth has ever seen. Yet, bitcoin remains strong? Do these types of event effect bitcoin and make people panic even if they have their money in cold storage?

This is an automatic summary, original reduced by 78%.
NEW YORK - Dozens of countries were hit with a huge cyberextortion attack Friday that locked up computers and held users' files for ransom at a multitude of hospitals, companies and government agencies.
The attack appeared to exploit a vulnerability that was purportedly identified by the U.S. National Security Agency for its own intelligence-gathering purposes and was later leaked to the internet.
Several cybersecurity firms said they had identified the malicious software behind the attack in upward of 60 countries, with Russia apparently the hardest hit.
Security experts said the attack appeared to be caused by a self-replicating piece of software that takes advantages of vulnerabilities in older versions of Microsoft Windows.
Chris Wysopal of the software security firm Veracode said criminal organizations were probably behind the attack, given how quickly the malware spread. "For so many organizations in the same day to be hit, this is unprecedented," Wysopal said.
"It's an international attack and a number of countries and organizations have been affected," she said.
Summary Source | FAQ | Theory | Feedback | Top five keywords: attack#1 hospital#2 computer#3 software#4 Security#5
Post found in /Bitcoin, /The_Donald, /GoldandBlack, /ScienceUncensored, /BitcoinAll, /hacking, /worldnews, /NoFilterNews, /TheNewsFeed and /technology.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Introducing the Keyois Capsule, a new type of physical Bitcoin. Better than cold storage, it's cold hard storage.

Hi everyone, my name is Jack, in the past I've gotten got my community college to host a short course on Bitcoin. (you can too!) and now I've made this new concept of physical bitcoins for some of you.
It's a cryptocurrency piggy bank. You can put funds into it but you need to break it apart to get funds inside; so it's tamper evident. It won't burn, rot, rust, melt, or otherwise lose data where so many other types of cold storage would.
I was unsatisfied with current methods of cold storage and so I decided to make myself something better. Click here to see problems with common methods of cold storage and why you should want something better
A backup seed or private key can be printed on paper or stored digitally but these mediums can be damaged by fire, time, water, and much more.
The Keyois Capsule is a tamper evident yet stylish way to keep a secret key safe from harm.
Benefits over a conventional paper cold storage wallet include:

The Keyois Capsule

Your BIP38 encrypted Secret Key (or otherwise encrypted backup seed) in engraved into a titanium ring. That is set inside another ring that bears the address. That is then put into a tamper evident and air-tight capsule with a elegant centerpiece of lab-created ruby or sapphire.
The end pieces are made of aircraft grade aluminium (al 6061) and surrounded by borosilicate (pyrex).
This product is designed mainly for those without access to multiple locations or land so that they cannot make split or multisig keys and they are forced to keep all their backups in one site.
It would have cost about the same to make 1 as to make 50, so I made 50 which also means you can buy one if you like them.
There are cheaper ways to improve your own situation, including: stamping or engraving on a piece of steel and securing that from wandering eyes. Be creative and have fun!
Here are some more professional photographs by videographer WordsmithJr and here is a long imgur album about me making the capsules. Oh, and here is another short album about making a capsule (not the capsules)
To order They aren't cheap, I wish they were but they weren't cheap to make. Price is $100USD worth of btc paid to only 13kqk3uk2b577KBSjZuwKQT3MGD9mEaVJC
To get the ball rolling I have made seven capsules available that are already ready-to-go that are available for sale without providing me with a encrypted key and address; I'll send you everything already generated and secured.
Everyone else, you must supply me with your address and BIP38 encrypted secret key or encrypted seed. If you don't understand this point then these are probably not for you.
Please re-read BIP38 and do some research on password strength and see this info about the pieces
Then message me with that information what what type of lab-created corundum you want.
21 red ruby stones remain
21 blue sapphire stones remain
6 generated by me ready to be sold
45 capsules remain available in total.
submitted by ProfBitcoin to Keyois [link] [comments]

Introducing the Keyois Capsule, a new type of physical Bitcoin. Better than cold storage, it's cold hard storage. /r/btc

Introducing the Keyois Capsule, a new type of physical Bitcoin. Better than cold storage, it's cold hard storage. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Introducing the Keyois Capsule, a new type of physical bitcoin. It's more than cold storage, it's cold hard storage.

Introducing the Keyois Capsule, a new type of physical bitcoin. It's more than cold storage, it's cold hard storage. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

With the ongoing tales of theft (teamviewer, blockchain.info, etc...), do we have any compiled statistics on bitcoin thefts? Incidents of theft vs wallet type or storage methods? Has anyone compiled this data?

I'm just curious here.
I've been a member of this sub for a while and it seems like in the last year or so, we have seen two major vectors for thefts by Unauthorized Persons, and one blanket category for Theft Via Fraud:
  1. People losing BTC from online wallets with remote access software installed (TeamViewer, remote desktop) due to deliberate theft via unauthorized persons.
  2. People losing BTC from some form of blockchain.info involvement, either in the form of wallet backups, lack of 2fa, 2fa + google voice, etc... via unauthorized persons.
  3. People losing BTC due to crazy schemes (Gox, BFL). These were thefts for sure, but I would put these in a different category than the kind of theft which I'm looking for here, which I would classify as "Theft from unauthorized persons", where BFL and Gox would be "theft through fraud".
Do we have any real statistics on the amount of thefts?
Do we have any real stats on thefts vs wallet type?
Do we have any real stats on storage methods? (Such as, % of BTC in cold storage, % of btc in encrypted wallets on online computers, % of BTC in online BTC "banks" like coinbase? % of btc that are sitting on, or stored on exchanges, % of btc in hardware protected wallets like Trezor)
I feel like being hacked and having BTC stolen is a major cloud that hangs over adoption and over our heads as enthusiasts.
Is there any reasonable way to mine this data so that we could start to understand metrics such as:
  1. % of bitcoins ever stolen.
  2. % of bitcoins stolen from online btc "banks"
  3. % of bitcoins stolen from online PC hosted wallets.
  4. % of BTC sitting in cold storage.
  5. % of BTC sitting online in hot wallets.
I know, for example, that coinbase claims that they have 97% of their BTC in cold storage, so that is one very large sum of BTC in cold storage, but that is just a drop in the bucket.
Is there any organized effort in the community to try and gather and produce these metrics?
submitted by gunslinger_006 to Bitcoin [link] [comments]

What types of cold storage wallet are there? /r/Bitcoin

What types of cold storage wallet are there? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

[WTS] Auction Leftovers #2 (Older/Better World Silver ONLY)

Good morning again!
Okay - so Round 1 of "Leftovers" worked out pretty well...found a lot of new homes for coins from my collection. As a result, I'm going to give it a second shot with leftovers from the September 13 Auction.
NOTE: I'm also going to incorporate some lessons learned from last time that will hopefully streamline the process.
This listing is for items that did not sell during the September 13 Auction (most likely due to BP/fees) - so you can buy anything you want right here and right now - no buyer's premiums, no additional fees - JUST DISCOUNTS:
*All the World Silver is 10% off the listed price.
*FREE shipping for any order over $100.
*NUCLEAR OPTION: Buy everything that remains for 15% off listed asking price.
Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is:
https://www.auctionzip.com/auction-catalog/Coins-US,-Foreign-,-Rare,-Graded,-Type,-Jewelry,-More-2_PD4EXTCK7K/
Here is the required "prove you still have the stuff" photo with the username card and today's date (I pulled the first five items out of the storage trays so you weren't just seeing the tops of bags):
PHOTO
Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. No notes if using PPFF, please. Thank you.
Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. I will offer "Risky Shipping" (via stamped greeting card) at my discretion for $1 - for single, small coins ONLY.
What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. There are too many coins here (plus there are duplicates) so I cannot look up the coins you want by description - just give me lot numbers and it will be much simpler.
I'd like to make a simple and polite request - if I have sent you my PayPal information (meaning we've agreed to a deal) please finish it up as soon as you can so I can check you off the list and move on to the next person. This helps make sure you get all the coins we discussed and no one else is in limbo.
I will do my absolute best to update the ad as soon as lots sell.
World Silver (remember - 10% off listed price!)
51 World Silver - Panama 1904 5 Centesimos $6.00
53 World Silver - Panama 1904 5 Centesimos $6.00
54 World Silver - Panama 1904 5 Centesimos $6.00
55 World Silver - Panama 1930 1/10 Balboa $3.00
57 World Silver - Panama 1931 1/10 Balboa $5.00
58 World Silver - Panama 1931 1/10 Balboa $5.00
59 World Silver - Panama 1931 1/10 Balboa $5.00
60 World Silver - Panama 1931 1/10 Balboa $5.00
61 World Silver - Panama 1931 1/10 Balboa $5.00
62 World Silver - Panama 1962 1/10 Balboa $3.00
63 World Silver - France 1903 50 Centimes KEY DATE $8.00
64 World Silver - France 1911 50 Centimes KEY DATE $10.00
67 World Silver - France 1872 K 1 Franc $6.00
68 World Silver - Curacao 1900 1/4 Gulden $8.00
69 World Silver - Netherlands 1850 25 Cents KEY DATE $40.00
70 World Silver - Netherlands 1905 25 Cents NICE $20.00
71 World Silver - Netherlands 1917 25 Cents $3.00
72 World Silver - Netherlands 1909 1/2 Gulden NICE $20.00
77 World Silver - Belgium 1869 1 Franc $15.00
78 World Silver - Belgium 1904 2 Francs $10.00
79 World Silver - Belgium 1909 2 Frank $10.00
83 World Silver - Great Britain 1817 Shilling $8.00
84 World Silver - Great Britain 1825 Shilling $12.00
85 World Silver - Great Britain 1839 Shilling $10.00
86 World Silver - Great Britain 1857 Shilling $10.00
87 World Silver - Great Britain 1859 Shilling $10.00
88 World Silver - Great Britain 1871 (40) Shilling $10.00
89 World Silver - Great Britain 1887 Shilling $8.00
90 World Silver - Great Britain 1864 (4) Sixpence $6.00
91 World Silver - Great Britain 1865 (4) Sixpence $6.00
92 World Silver - Great Britain 1866 (46) Sixpence $6.00
93 World Silver - Great Britain 1884 Sixpence $4.00
94 World Silver - Great Britain 1892 Sixpence $6.00
95 World Silver - Great Britain 1893 Sixpence $4.00
96 World Silver - Great Britain 1909 Sixpence $4.00
97 World Silver - Great Britain 1912 Sixpence $6.00
98 World Silver - Great Britain 1916 Sixpence $4.00
99 World Silver - Great Britain 1918 Sixpence $4.00
251 World Silver - Bahamas 1970 Proof 50 Cents LOW MINTAGE $8.00
255 World Silver - Bahamas 1974 Proof 50 Cents LOW MINTAGE $8.00
256 World Silver - Bahamas 1974 Proof 50 Cents LOW MINTAGE $8.00
257 World Silver - Bahamas 1976 Proof 50 Cents LOW MINTAGE $8.00
258 World Silver - Bahamas 1970 Proof 1 Dollar LOW MINTAGE $14.00
259 World Silver - Bahamas 1971 Proof 1 Dollar LOW MINTAGE $14.00
260 World Silver - Bahamas 1971 Proof 1 Dollar LOW MINTAGE $14.00
262 World Silver - Bahamas 1972 Proof 1 Dollar LOW MINTAGE $14.00
263 World Silver - Bahamas 1973 Proof 1 Dollar LOW MINTAGE $14.00
264 World Silver - Bahamas 1974 Proof 1 Dollar LOW MINTAGE $14.00
265 World Silver - Bahamas 1974 Proof 1 Dollar LOW MINTAGE $14.00
266 World Silver - Bahamas 1976 Proof 1 Dollar LOW MINTAGE $14.00
267 World Silver - Bahamas 1971 Proof 2 Dollars LOW MINTAGE $27.00
268 World Silver - Bahamas 1972 Proof 2 Dollars LOW MINTAGE $27.00
269 World Silver - Bahamas 1972 Proof 2 Dollars LOW MINTAGE $27.00
271 World Silver - Bahamas 1974 Proof 2 Dollars LOW MINTAGE $27.00
272 World Silver - Bahamas 1976 Proof 2 Dollars LOW MINTAGE $27.00
273 World Silver - Barbados 1973 Proof 5 Dollars LOW MINTAGE $24.00
275 World Silver - Barbados 1973 Proof 5 Dollars LOW MINTAGE $24.00
276 World Silver - British Virgin Islands 1973 Proof 1 Dollar LOW MINTAGE $23.00
277 World Silver - British Virgin Islands 1973 Proof 1 Dollar LOW MINTAGE $23.00
278 World Silver - British Virgin Islands 1973 Proof 1 Dollar LOW MINTAGE $23.00
279 World Silver - British Virgin Islands 1974 Proof 1 Dollar LOW MINTAGE $23.00
280 World Silver - British Virgin Islands 1974 Proof 1 Dollar LOW MINTAGE $23.00
281 World Silver - British Virgin Islands 1975 Proof 1 Dollar LOW MINTAGE $23.00
282 World Silver - Canada 1973 5 Dollars UNC $22.00
283 World Silver - Canada 1973 5 Dollars UNC $22.00
284 World Silver - Canada 1973 5 Dollars UNC $22.00
285 World Silver - Canada 1973 5 Dollars UNC $22.00
286 World Silver - Canada 1973 5 Dollars UNC $22.00
287 World Silver - France 1963 5 Francs UNC $10.00
288 World Silver - France 1963 5 Francs UNC $10.00
289 World Silver - Australia 1961 1 Shilling UNC $4.00
290 World Silver - Australia 1961 1 Shilling UNC $4.00
295 World Silver - Australia 1943 S 1 Shilling NICE $6.00
296 World Silver - Panama 1947 1/4 Balboa UNC $15.00
297 World Silver - South Africa 1958 1 Shilling UNC $4.00
299 World Silver - Great Britain 1944 Florin/Two Shillings NICE AU $6.00
300 World Silver - Great Britain 1919 1 Shilling NICE AU $20.00
452 World Silver - Canada 1948 10 Cents $3.00
453 World Silver - Canada 1948 10 Cents $3.00
454 World Silver - Canada 1948 10 Cents $3.00
455 World Silver - Canada 1948 10 Cents $3.00
456 World Silver - Canada 1948 10 Cents $3.00
457 World Silver - Canada 1945 10 Cents $3.00
458 World Silver - Canada 1937 10 Cents $3.00
461 World Silver - Canada 1935 10 Cents $4.00
462 World Silver - Canada 1935 10 Cents $4.00
463 World Silver - Canada 1935 10 Cents $4.00
464 World Silver - Canada 1935 10 Cents $4.00
465 World Silver - Canada 1930 10 Cents $5.00
467 World Silver - Canada 1919 10 Cents $5.00
468 World Silver - Canada 1919 10 Cents $5.00
469 World Silver - Canada 1914 10 Cents $4.00
470 World Silver - Canada 1913 10 Cents $5.00
472 World Silver - Canada 1912 10 Cents $3.00
473 World Silver - Canada 1912 10 Cents $3.00
474 World Silver - Canada 1911 10 Cents $6.00
475 World Silver - Canada 1909 "Victorian Leaves" 10 Cents $5.00
476 World Silver - Canada 1909 "Victorian Leaves" 10 Cents $7.00
478 World Silver - Canada 1908 10 Cents $4.00
479 World Silver - Canada 1908 10 Cents $4.00
480 World Silver - Canada 1908 10 Cents $4.00
481 World Silver - Canada 1908 10 Cents $4.00
482 World Silver - Canada 1906 10 Cents $4.00
483 World Silver - Canada 1904 10 Cents $5.00
484 World Silver - Canada 1904 10 Cents $6.00
485 World Silver - Canada 1904 10 Cents $6.00
486 World Silver - Canada 1903 H 10 Cents $5.00
487 World Silver - Canada 1903 H 10 Cents $5.00
488 World Silver - Canada 1902 10 Cents $5.00
489 World Silver - Canada 1902 10 Cents $5.00
490 World Silver - Canada 1902 10 Cents $5.00
491 World Silver - Canada 1901 10 Cents $6.00
492 World Silver - Canada 1901 10 Cents $6.00
493 World Silver - Canada 1900 10 Cents $6.00
494 World Silver - Canada 1899 10 Cents $6.00
495 World Silver - Canada 1899 10 Cents $6.00
496 World Silver - Canada 1899 10 Cents $6.00
497 World Silver - Canada 1888 10 Cents $10.00
498 World Silver - Canada 1882 H 10 Cents $8.00
499 World Silver - Canada 1881 H 10 Cents $8.00
500 World Silver - Canada 1880 H 10 Cents $10.00
653 World Silver - Mexico 1900 CnJQ 1 Peso NICE $25.00
654 World Silver - Russia 1899 50 Kopeks $10.00
655 World Silver - Russia 1897 50 Kopeks $10.00
656 World Silver - Austria 1908 5 Corona $21.00
657 World Silver - Hungary 1881 1 Forint $11.00
658 World Silver - Austria 1907 5 Corona $21.00
659 World Silver - Germany (Empire) 1881 A 1 Mark $5.00
661 World Silver - Germany (Empire) 1876 A 1 Mark $5.00
662 World Silver - Germany (Empire) 1875 D 1 Mark $5.00
663 World Silver - Canada (Newfoundland) 1945 C 10 Cents $3.00
664 World Silver - Canada (Newfoundland) 1942 C 10 Cents $3.00
665 World Silver - Canada (Newfoundland) 1917 C 10 Cents $3.00
675 World Silver - Canada 1909 25 Cents $8.00
676 World Silver - Canada 1905 25 Cents $10.00
677 World Silver - Canada 1905 25 Cents $10.00
678 World Silver - Canada 1903 25 Cents $10.00
679 World Silver - Canada 1902 25 Cents $10.00
680 World Silver - Canada 1870 25 Cents $12.00
681 World Silver - Australia 1917 M 1 Florin $10.00
682 World Silver - Australia 1915 H 1 Florin KEY DATE $20.00
683 World Silver - Australia 1939 1 Florin KEY DATE $15.00
684 World Silver - Australia 1912 1 Shilling KEY DATE $10.00
685 World Silver - Australia 1913 1 Shilling KEY DATE $10.00
686 World Silver - Australia 1910 Sixpence $4.00
687 World Silver - Australia 1917 M Sixpence KEY DATE $10.00
688 World Silver - Australia 1918 M Sixpence KEY DATE $25.00
689 World Silver - Australia 1918 M Sixpence KEY DATE $35.00
691 World Silver - Australia 1920 M Sixpence SEMI KEY DATE $10.00
692 World Silver - Australia 1922 Sixpence KEY DATE $15.00
693 World Silver - Australia 1943 D Sixpence NICE $4.00
694 World Silver - Mexico 1906 10 Centavos $4.00
695 World Silver - Mexico 1906 10 Centavos $6.00
696 World Silver - Mexico 1910/00 10 Centavos $10.00
697 World Silver - Mexico 1912 Low 2 10 Centavos $10.00
698 World Silver - Mexico 1907 10 Centavos $4.00
699 World Silver - Mexico 1907 Straight 7 20 Centavos $12.00
700 World Silver - Mexico 1919 20 Centavos ONE YEAR TYPE $10.00
851 World Silver - Mexico (Maximilian) 1860's 10 Centavos $8.00
852 World Silver - Mexico 1880 Zs S 50 Centavos $12.00
853 World Silver - Mexico 1875 Do M 50 Centavos $15.00
854 World Silver - Mexico 1890 Pi R 25 Centavos LOW MINTAGE $10.00
856 World Silver - Mexico 1885 Go R 25 Centavos LOW MINTAGE $10.00
857 World Silver - Mexico 1880 Zs S 25 Centavos LOW MINTAGE $10.00
858 World Silver - Mexico 1885 Zs S 25 Centavos LOW MINTAGE $10.00
859 World Silver - Mexico 1870 Zs S 25 Centavos LOW MINTAGE $10.00
860 World Silver - Mexico 1884 Zs S 25 Centavos LOW MINTAGE $10.00
861 World Silver - Mexico 1887 Zs Z 25 Centavos LOW MINTAGE $10.00
862 World Silver - Mexico 1878 Zs S 25 Centavos LOW MINTAGE $10.00
863 World Silver - Mexico (Alamos) L 25 Centavos LOW MINTAGE $10.00
864 World Silver - Mexico 1935 20 Centavos $3.00
865 World Silver - Mexico 1940 20 Centavos $3.00
866 World Silver - Mexico 1941 20 Centavos $3.00
867 World Silver - Mexico 1942 20 Centavos $3.00
868 World Silver - Mexico 1943 20 Centavos $3.00
870 World Silver - Mexico 1887 Ca M 10 Centavos LOW MINTAGE $3.00
871 World Silver - Mexico 1894 Zs Z 10 Centavos $3.00
872 World Silver - Mexico 1881 Ga S 10 Centavos LOW MINTAGE $4.00
873 World Silver - Mexico 1887 Do C 10 Centavos LOW MINTAGE $5.00
874 World Silver - Mexico 1892 Ca M 10 Centavos LOW MINTAGE $4.00
875 World Silver - Mexico 1892 Mo M 10 Centavos $3.00
876 World Silver - Mexico 1898 Do R 10 Centavos LOW MINTAGE $5.00
877 World Silver - Mexico 1892 Go R 10 Centavos $5.00
878 World Silver - Mexico 1892 Ca M 10 Centavos $3.00
879 World Silver - Mexico 1890 Mo M 10 Centavos $3.00
880 World Silver - Mexico 1890 Pi R 10 Centavos $3.00
881 World Silver - Mexico 1800's Mo M 10 Centavos $2.00
882 World Silver - Mexico 1895 Mo M 10 Centavos $3.00
883 World Silver - Mexico 1899 Zs Z 10 Centavos LOW MINTAGE $3.00
884 World Silver - Mexico 1892 Ga S 10 Centavos LOW MINTAGE $3.00
885 World Silver - Mexico 1891 Go R 10 Centavos $3.00
886 World Silver - Mexico 1894 Zs Z 10 Centavos $3.00
887 World Silver - Mexico 1891 Zs Z 10 Centavos $3.00
889 World Silver - Mexico 1904 Mo M 10 Centavos $3.00
890 World Silver - Mexico 1896 Zs Z 10 Centavos $3.00
891 World Silver - Mexico 1887 Do C 10 Centavos LOW MINTAGE $3.00
893 World Silver - Mexico 1898 Zs Z 10 Centavos $3.00
894 World Silver - Mexico 1886 Zs Z 10 Centavos $3.00
895 World Silver - Mexico 1895 Ca M 10 Centavos LOW MINTAGE $5.00
896 World Silver - Mexico 1892 Zs Z 10 Centavos $3.00
897 World Silver - Mexico 1892 Ca M 10 Centavos LOW MINTAGE $3.00
898 World Silver - Mexico 1889 Mo M 10 Centavos $3.00
899 World Silver - Mexico 1894 Ca M 10 Centavos LOW MINTAGE $4.00
900 World Silver - Mexico 1890 Zs Z 10 Centavos $3.00
Finally, THANK YOU and have a WONDERFUL WEEK!
submitted by stldanceartist to Coins4Sale [link] [comments]

[WTS] Auction Leftovers #1

Good morning!
I'm trying something new today - so let's see how this goes. (If it works, I'll do it again. It it doesn't, I won't waste anyone's time with it next time because it's a LOT of work.)
What we have here are the leftovers from yesterday's auction. I have heard from a few people that the buyer's premium and other fees the auctioneer adds on (so he can make money and pay for the auctions) are too high - so I'm offering them all here for sale individually.
No buyer's premiums. No additional fees. In fact, I'M OFFERING DISCOUNTS:
*All the World Silver is 10% off the listed price.
*All the World Non-Silver marked $1.00 are now $.75 each.
*FREE shipping for any order over $100.
Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is:
https://www.auctionzip.com/auction-catalog/Coins-US,-Foreign-,-Rare,-Graded,-Type,-Jewelry,-More-3_Q37IBJZ4W1/?page=0&searchWithAll=&size=200&sort=
Here is the required "prove you still have the stuff" photo with the username card and today's date (I pulled the first five items out of the storage trays so you weren't just seeing the tops of bags):
PHOTO
Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time.
Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment.
What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total.
I will do my absolute best to update the ad as soon as lots sell.
World Silver (10% off listed price!)
51 World Silver - Philippines 1944 S 50 Centavos $8.00
52 World Silver - Philippines 1944 S 50 Centavos $8.00
53 World Silver - Philippines 1944 S 50 Centavos $8.00
54 World Silver - Philippines 1944 D 20 Centavos $3.00
55 World Silver - Philippines 1944 D 20 Centavos $3.00
56 World Silver - Philippines 1944 D 20 Centavos $3.00
57 World Silver - Belgium 1909 1 Frank $5.00
58 World Silver - Philippines 1944 D 20 Centavos $3.00
59 World Silver - Philippines 1944 D 20 Centavos $3.00
60 World Silver - Philippines 1944 D 20 Centavos $3.00
61 World Silver - Philippines 1944 D 10 Centavos $2.00
62 World Silver - Philippines 1944 D 10 Centavos $2.00
64 World Silver - Philippines 1944 D 10 Centavos $2.00
65 World Silver - Australia 1942 (m) 1 Shilling BETTER DATE $5.00
66 World Silver - New Zealand 1941 1 Florin NICE $12.00
67 World Silver - Switzerland 1920 1/2 Franc $2.00
68 World Silver - Switzerland 1951 1/2 Franc $2.00
69 World Silver - Switzerland 1952 1/2 Franc $2.00
70 World Silver - Italy 1959 500 Lire $9.00
71 World Silver - Italy 1960 500 Lire $9.00
73 World Silver - Spain 1869 (69) SN-M 1 Peseta KEY DATE $25.00
74 World Silver - Sweden 1938 1 Krona $6.00
75 World Silver - France 1913 50 Centimes $2.00
76 World Silver - Hong Kong 1884 10 Cents $3.00
78 World Silver - Canada 1913 25 Cents $5.00
79 World Silver - Canada 1906 25 Cents $5.00
80 World Silver - Canada 1910 25 Cents $5.00
81 World Silver - Cyprus 1901 9 Piastres $10.00
82 World Silver - Canada 1917 25 Cents $5.00
83 World Silver - Canada 1918 25 Cents $5.00
84 World Silver - Canada 1888 10 Cents $3.00
85 World Silver - Canada 1906 10 Cents $3.00
86 World Silver - Canada 1916 10 Cents $3.00
87 World Silver - Canada 1918 10 Cents $3.00
88 World Silver - Philippines 1917 S 10 Centavos $2.00
89 World Silver - Canada (Newfoundland) 1942 C 10 Cents $3.00
90 World Silver - Guatemala 1894 2 Reales Pendant $5.00
92 World Silver - Great Britain 1917 3 Pence $2.00
93 World Silver - Great Britain 1917 3 Pence $2.00
94 World Silver - Great Britain 1916 3 Pence $2.00
95 World Silver - Great Britain 1919 3 Pence $2.00
97 World Silver - Great Britain 1920 3 Pence $2.00
98 World Silver - Great Britain 1916 3 Pence $2.00
99 World Silver - Caribbean Country 1915 20 Centavos $5.00
100 World Silver - Caribbean Country 1953 25 Centavos $5.00
252 World Silver - Great Britain 1918 3 Pence $2.00
253 World Silver - Switzerland 1945 1/2 Franc $3.00
254 World Silver - Switzerland 1950 1/2 Franc $3.00
255 World Silver - Switzerland 1953 1/2 Franc $3.00
256 World Silver - Switzerland 1975 1 Franc $8.00
257 World Silver - Switzerland 1903 1 Franc $5.00
258 World Silver - Switzerland 1958 1 Franc $6.00
259 World Silver - Great Britain 1919 3 Pence $2.00
260 World Silver - Great Britain 1916 3 Pence $2.00
261 World Silver - Great Britain 1919 3 Pence $2.00
263 World Silver - Australia 1914 (L) Sixpence $4.00
264 World Silver - Australia 1916 M Sixpence KEY DATE $15.00
265 World Silver - Australia 1919 M Sixpence $8.00
266 World Silver - Australia 1922 Sixpence $10.00
267 World Silver - Australia 1922 Sixpence $10.00
268 World Silver - Australia 1923 Sixpence $6.00
269 World Silver - Australia 1923 Sixpence $6.00
270 World Silver - Australia 1936 Sixpence $3.00
271 World Silver - Australia 1939 Sixpence $4.00
272 World Silver - Australia 1911 Shilling $5.00
273 World Silver - Australia 1912 Shilling $8.00
274 World Silver - Australia 1912 Shilling $10.00
275 World Silver - Australia 1914 Shilling $6.00
276 World Silver - Australia 1920 Shilling $8.00
277 World Silver - Australia 1920 Shilling $10.00
278 World Silver - Australia 1922 Shilling $6.00
279 World Silver - Australia 1928 Shilling $8.00
280 World Silver - Australia 1943 Shilling $10.00
281 World Silver - Germany (Bavaria) 1902 D 5 Marks $28.00
282 World Silver - Germany (Saxony) 1876 E 2 Marks $20.00
283 World Silver - Great Britain 1889 Sixpence $4.00
284 World Silver - Great Britain 1889 Sixpence $6.00
286 World Silver - Great Britain 1900 Sixpence $4.00
287 World Silver - Great Britain 1904 Sixpence $4.00
288 World Silver - Great Britain 1907 Sixpence $10.00
289 World Silver - Great Britain 1921 Sixpence $4.00
290 World Silver - Great Britain 1925 Sixpence NICE $12.00
293 World Silver - Germany (Prussia) 1849 A 1/6 Thaler $8.00
294 World Silver - Portugal 1933 2 1/2 Escudos KEY DATE $8.00
295 World Silver - New Zealand 1939 6 Pence $3.00
297 World Silver - Great Britain 1872 (14) Shilling $8.00
298 World Silver - Great Britain 1873 (81) Shilling $8.00
299 World Silver - New Zealand 1943 6 Pence $3.00
451 World Silver - Seychelles 1944 25 Cents (mintage 36k) $3.00
453 World Silver - Columbia 1874 10 Centavos LOW MINTAGE $4.00
454 World Silver - Guatemala 1899 1 Real $4.00
455 World Silver - Philippines 1868 20 Centimos $6.00
457 World Silver - Great Britain 1918 Shilling $6.00
458 World Silver - Great Britain 1924 Shilling $6.00
459 World Silver - Great Britain 1925 Florin KEY DATE $15.00
463 World Silver - Egypt 1917 2 Piastres $3.00
464 World Silver - Canada 1882 H Ten Cents $8.00
465 World Silver - Canada 1882 H Ten Cents $10.00
466 World Silver - Canada 1886 Ten Cents $15.00
467 World Silver - Curacao 1944 D 1/4 Gulden NICE $6.00
468 World Silver - Canada 1888 Ten Cents $8.00
469 World Silver - Canada 1891 Ten Cents $10.00
470 World Silver - Canada 1899 Ten Cents $8.00
471 World Silver - Canada 1902 Ten Cents $6.00
472 World Silver - Canada 1902 H Ten Cents $3.00
474 World Silver - Canada 1908 Ten Cents $4.00
476 World Silver - Canada 1908 Ten Cents $6.00
477 World Silver - Canada 1909 Ten Cents $4.00
478 World Silver - Canada 1909 Ten Cents $4.00
479 World Silver - Italy 1887 1 Lira $5.00
480 World Silver - Poland 1840 MW 10 Groszy $2.00
482 World Silver - Canada 1916 Ten Cents $3.00
485 World Silver - Norway 1898 50 Ore LOW MINTAGE $6.00
486 World Silver - Sweden 1877 25 Ore $6.00
487 World Silver - Germany (Empire) 1919 F 1/2 Mark $6.00
489 World Silver - Germany (Empire) 1918 F 1/2 Mark $6.00
490 World Silver - Canada 1948 Ten Cents $3.00
491 World Silver - Canada 1951 Ten Cents NICE $3.00
492 World Silver - Canada 1870 25 Cents $10.00
493 World Silver - Canada 1871 H 25 Cents $10.00
494 World Silver - Canada 1872 H 25 Cents $10.00
495 World Silver - Germany (Lippe) 1860 A 1 Silver Groschen $10.00
497 World Silver - Canada 1874 H 25 Cents $8.00
498 World Silver - Germany (Reuss-Schleiz) 1846 A 1 Silver Groschen (mintage 62k) $6.00
499 World Silver - Canada 1881 H 25 Cents $15.00
500 World Silver - Canada 1948 25 Cents $6.00
651 World Silver - Canada 1954 50 Cents NICE $9.00
652 World Silver - Canada 1903 25 Cents $8.00
653 World Silver - Canada 1904 25 Cents $8.00
654 World Silver - Canada 1905 25 Cents $8.00
655 World Silver - Canada 1905 25 Cents $8.00
656 World Silver - Canada 1907 25 Cents $6.00
657 World Silver - Canada 1908 25 Cents $8.00
658 World Silver - Austria - 1868 10 Kreuzer $2.00
659 World Silver - Canada 1912 25 Cents $6.00
660 World Silver - Canada 1916 25 Cents $6.00
661 World Silver - Canada 1916 25 Cents $8.00
662 World Silver - Spain 1892 (92) 50 Centimos $3.00
663 World Silver - Canada 1921 25 Cents $8.00
664 World Silver - Canada 1921 25 Cents $8.00
665 World Silver - Norway 1899 25 Ore $8.00
666 World Silver - Canada 1931 25 Cents $6.00
667 World Silver - Canada 1931 25 Cents $8.00
669 World Silver - Russia 1879 20 Kopeks $4.00
672 World Silver - Germany (Prussia) 1856 A 1 Silver Groschen $3.00
673 World Silver - Germany (Empire) 1877 F 50 Pfennig $10.00
675 World Silver - Germany (Empire) 1918 D 1/2 Mark NICE $3.00
677 World Silver - Switzerland 1955 1/2 Franc BETTER DATE $4.00
678 World Silver - Germany (Empire) 1911 A 1 Mark NICE $6.00
679 World Silver - Germany (Prussia) 1870 A 2 1/2 Silver Groschen $4.00
680 World Silver - Sweden 1875 ST 50 Ore $10.00
681 World Silver - Germany (Hesse-Darmstadt) 1842 6 Kreuzer $6.00
682 World Silver - Philippines 1918 S 20 Centavos $5.00
683 World Silver - Philippines 1919 S 20 Centavos $6.00
684 World Silver - Saint Thomas & Prince Island (Sao Tome et Principe) 1951 2 1/2 Escudos LOW MINTAGE $25.00
686 World Silver - Germany (Wurttemberg) 1833 6 Kreuzer $4.00
687 World Silver - Dominican Republic 1891 1 Franco $10.00
688 World Silver - Straits Settlements 1895 10 Cents NICE $12.00
689 World Silver - Straits Settlements 1910 10 Cents $5.00
690 World Silver - Straits Settlements 1919 10 Cents $3.00
691 World Silver - Germany (Empire) 1918 F 1/2 Mark NICE $15.00
692 World Silver - Great Britain 1915 Shilling NICE $12.00
693 World Silver - Japan 1899 20 Sen $6.00
694 World Silver - Japan 1932 50 Sen $6.00
697 World Silver - Canada 1929 10 Cents $3.00
700 World Silver - Canada 1948 10 Cents $3.00
851 World Silver - Egypt 1916 5 Piastres $6.00
852 World Silver - South Africa 1962 20 Cents $6.00
854 World Silver - Egypt AH1293 (Year 10; 1884) 10 Qirsh $12.00
857 World Silver - Panama 1931 1/10 Balboa $5.00
861 World Silver - Egypt AH1327 (1910-1913) 5 Qirsh $6.00
863 World Silver - Turkey AH1327 (Year 6; 1914) 5 Kurush $6.00
864 World Silver - Turkey AH1293 (Year 24; 1898) 2 Kurush $3.00
865 World Silver - Egypt AH1384 (1964) 5 Piastres $3.00
867 World Silver - Syria (United Arab Republic) 1959 50 Qirsh $4.00
869 World Silver - Great Britain 1834 Sixpence $8.00
870 World Silver - Great Britain 1859 Sixpence $8.00
871 World Silver - Great Britain 1866 (53) Sixpence $8.00
874 World Silver - Great Britain 1835 1/2 Crown (LOW MINTAGE) $20.00
875 World Silver - Australia 1917 M Sixpence $12.00
876 World Silver - Australia 1920 M Sixpence $10.00
877 World Silver - Australia 1912 Shilling $12.00
878 World Silver - Australia 1913 Shilling $12.00
879 World Silver - Australia 1914 Shilling $6.00
880 World Silver - Australia 1925/3 Shilling $6.00
882 World Silver - Australia 1914 Shilling $6.00
885 World Silver - Morocco AH1380 (1960) 1 Dirham NICE $6.00
886 World Silver - Canada 1902 10 Cents $6.00
887 World Silver - Canada 1908 10 Cents $5.00
891 World Silver - Canada 1949 10 Cents $3.00
892 World Silver - Canada 1882 H 25 Cents $20.00
893 World Silver - Canada 1902 H 25 Cents $10.00
894 World Silver - Canada 1903 25 Cents $10.00
895 World Silver - Canada 1909 25 Cents $10.00
896 World Silver - Canada 1912 25 Cents $8.00
899 World Silver - Canada 1948 25 Cents $6.00
World Non-Silver (If it's listed at $1.00, it's .75)
ALL BASE METAL SOLD, THANK YOU
THANK YOU AND HAVE A WONDERFUL DAY!
submitted by stldanceartist to Coins4Sale [link] [comments]

Bitcoin Fullnode Install Guide for Dummies ;-)

Bitcoin Fullnode Install Guide for Dummies ;-)
Feel free to stop at Level 0 or Level 1, which is fine. More advanced configs are offered to those with more tech savvy. This guide, obviously assumes a Windows 10 install, but other OSes work fine, just find a different guide. BTW, the "For Dummies" is a callback to a set of "tech" books in the 90's intended to be as easy as possible. It is in jest and not intended to insult the reader. Finally, if you dislike the formatting, a well formatted copy can be found here
There is a fairly small subset of Bitcoin users that run a full node. I think the idea of running a full node has gotten a bad rap over the years since there is so much talk about running on a Raspberry Pi, or getting zippy SSDs. Although all of this can be fun, it is often not really required at all. Here are some ways to run a full node starting with the very simple. I'll get into more complex configs, but these are all optional.

Tech Skill Level: 0 (the basics)

  1. Download Bitcoin Core
  2. Launch the downloaded installer and install the app
  3. Launch the installed "Bitcoin Core" app and let it run overnight
In many cases, thats it. If your running a new machine with a fairly good internet connection, 8 or 9 hours will be enough to complete the "Initial Block Download" (IBD). This may fill up your drive a bit, but again, on most new machines, 300 GB of space isn't that hard to come by.

Tech Skill Level: 1 (encrypted wallet)

One thing we left out in the level-0 exercise is encrypting your wallet. It's easy enough to do well, but a bit more difficult to do right. The main challenge is that humans generate really poor passwords. If you want a good password, the best way is to use something called "diceware". Basically, you just grab 4 or 5 dice and each throw of the dice represents a certain word on a special list. The throw {1,4,5,3,1} for example would be the word camping on the EFF-diceware-wordlist. So you repeat this a few times until you have a list of 8 or so words which becomes the passphrase you use to encrypt your wallet. Write it down, it is always hard to remember at first. So at level-1 your list becomes:
  1. Download Bitcoin Core
  2. Launch the downloaded installer and install the app
  3. Launch the installed "Bitcoin Core" app and let it run overnight
  4. Choose Encrypt Wallet from the Settings menu
  5. Enter your 8 word (or so) passphrase generated using the Diceware method

Wallet Encryption Dialog

Tech Skill Level: 2 (enable pruning if needed)

Though I said "300 GB of space isn't hard to come by", some times it actually is. If space is an issue, a simple way to fix it is to tell bitcoin to simple take less space. This is called "pruning" and can take that number from 300 GB down to below 5 GB. If you can't find 5 GB, then you'll have to read ahead to level-4 to add USB storage. But the good news is, enabling pruning is pretty easy, we just add another step to our working list:
  1. Download Bitcoin Core
  2. Launch the downloaded installer and install the app
  3. Launch the installed "Bitcoin Core" app and let it run overnight
  4. Do the wallet encryption steps here if you wish
  5. Choose Options from the Settings menu
  6. Choose Prune block storage to: and select the max size for the blocks to use
  7. Exit and restart the bitcoin application for the changes to take effect

Pruning Dialog
Note, even setting this to 1 GB will still leave you with about a 4.5 GB install. The blocks take up a lot of space, but the chainstate and other folders eat up at least 3.5 GB and they can't be pruned. Also, be aware, to disable pruning requires you to perform the entire IBD again. While pruned some other functions my be disabled as well, so just know that pruning does limit some functionality.

Tech Skill Level: 3 (verify the installer)

Although this is arguably something that should be done at level-0, some find the intricacies of comparing hash (thumbprint) values to be tedious and beyond the scope of a beginner. You will find these types of hash compares suggested quite often as a way to prevent running tainted programs. Programs are often tainted by bad disk or network performance, but most often, taint is malicious code inserted by viruses or malware. This is a way to guard yourself against those types of attacks.
What I cover here is a very basic comparison on the certificate, but a more thorough verification advised by mosts uses a program called Gpg4Win, and is beyond the scope of this beginners guide. But regardless, most users should strive to do this minimum level of validation.
  1. Download Bitcoin Core
  2. Launch the downloaded installer
  3. When prompted "Do you want to allow..." click Show more details
  4. In the details section select Show information about the publisher's certificate
  5. In the certificate window select the Details tab
  6. In the Details tab Subject should start with "CN = Bitcoin Core Code Signing Association"
  7. Ensure Thumbprint in Details reads ea27d3cefb3eb715ed214176a5d027e01ba1ee86
  8. If the checks pass, click OK to exit the certificate window and Yes to allow the installer to run.
  9. Launch the installed "Bitcoin Core" app and let it run overnight
  10. Do the wallet encryption steps here if you wish
  11. Do the optional pruning steps here if you wish

Certification Validation Windows
Note: The certificate used to sign the current Bitcoin installer is only valid from March 2020 to March 2021. After that point the thumbprint on the certificate will change. This is by design and intentional. If your reading this post after March 2021, then it is understood that the thumbprint has changed.

Tech Skill Level: 4 (use secondary storage)

We glossed over the "new machine with fairly good internet" part. Truth be known many people do not have fairly new machines, and find the IBD to take longer than the "over night" best wishes. For most people the slowdown is the disk access when calculating what is called chainstate. This requires fast random reads and writes to the disk. If you have an SSD disk, this will be no problem, but if you have a non-SSD "spinning" disk, random writes are always slow. Though an SSD will speed things up, they are pricey, so a nice middle ground may be a simple high-end USB key drive. You can get some with 10 to 15 MB/s random writes for $20 on Amazon. This is usually a order of magnitude faster than a "spinning" disk. And with pruning (see level-2), a small USB drive should be fine.
Once you decide on a drive, the tricky part will be to enable external storage. It requires editing a configuration file and adding a line. First, we want to create a directory on the key drive. You will need to determine the drive letter of your USB key drive. For the sake of this example, we will assume it is D:, but you must determine this yourself and correct the example. Once you know the drive letter, create a blank folder on the drive called Bitcoin. So for this example, creating Bitcoin on drive D: will create the path D:\Bitcoin. Once done, assuming that D: is your drive, here are the new steps including the edit of the configuration file:
  1. Download Bitcoin Core
  2. Launch the installer, verify it, then run it
  3. Launch the installed "Bitcoin Core" app and let it run overnight
  4. Do the wallet encryption steps here if you wish
  5. Do the optional pruning steps here if you wish
  6. Launch "Notepad" by typing "Notepad.exe" in the windows search bar then click Open
  7. Type the line datadir=D:\Bitcoin (depending on your drive letter) in the blank file
  8. Choose Save from the File menu in notepad
  9. Type %APPDATA%\Bitcoin\bitcoin.conf (note the percent signs) in the File name box
  10. Select All Files from the Save as type dropdown
  11. Click the Save button and overwrite the file if prompted
  12. Exit and restart the bitcoin application for the changes to take effect

Save As Dialog
Now that you've reached this level of technical expertise, there are many new configuration options that you can begin to modify if you wish. Most configuration data is contained in the bitcoin.conf file and learning how to maintain it is a key step for a node operator.

Tech Skill Level: 5 (all other customizations)

Here's a short list of various things you can ADD to your bitcoin.conf file. You generally just add a new line for each configuration settings.
  • addresstype=bech32
  • changetype=bech32
The addresstype / changetype allows your wallet to use the native-segwit (bech32) format. This is the most efficient and inexpensive way to spend bitcoin, and is a recommended configuration. The default uses something called p2sh-segwit which is more compatible with older wallets, but more expensive to spend.
  • minrelaytxfee=0.00000011
Changing the minrelaytxfee setting allows you to help propagate lower fee transactions. It will require more memory but TXN memory is capped at 300 MB by default anyways, so if you have enough memory, it is a good setting to choose.
  • dbcache=2048
The dbcache setting controls how many MB of memory the program will use for the chainstate database. Since this is a key bottleneck in the IBD, setting this value high (2048 MB) will greatly speed up the IBD, assuming you have the memory to spare
  • blocksdir=C:\Bitcoin
  • datadir=D:\Bitcoin
In level-4 we discussed moving the datadir to a fast external storage, but the majority of the space used for bitcoin is the blocks directory (blocksdir). Although you should always use for fastest storage for datadir, you are free to use slow storage for blocksdir. So if you only want to consume a small amount of your SSD (assumed D:) then you can keep your blocks on your slow "spinning" drive.
  • upnp=1
One of the harder challenges you may face running a node, is to get incoming connections. If you are lucky, you may find that your firewall and network HW support the uPnP protocol. If they do, this setting will allow bitcoin to configure uPnP to allow incoming connections to your node. Other methods exist to make your node reachable, but they are well beyond the scope of this guide.
submitted by brianddk to Bitcoin [link] [comments]

Benefits of air-gapping?

So I keep seeing this term come up when talking about cold storage and hardware wallets. What I'm confused about is what exactly the benefits are to air-gapping.
For example, a Trezor wallet that you connect to your computer isn't air-gapped, however a coldcard using PSBT (Partially Signed Bitcoin Transactions) never connects to a computer and is therefore air-gapped.
What I don't understand is how exactly this benefits you. Isn't the whole point of a Trezor wallet that it is a completely separate computer that works independently of the computer that it's plugged into? The private keys never actually touch the computer that it is attached to. I have heard that you could plug in your Trezor to a computer filled with viruses and your private keys would still be safe (so long as you didn't type them into that computer and just did all transaction steps on the Trezor).
So I'm trying to figure out what the practical benefits are to using an air-gapped device. The usual response is something like: "Well it's never plugged into a computer so it's safer." But like I said I thought the whole point of a Trezor was that it is safe despite being plugged into a computer... Can anyone explain how a hacker would be able to steal your bitcoin on a Trezor and not be able to on a Coldcard?
submitted by Xanaxtastrophy to BitcoinBeginners [link] [comments]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
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