OpenBazaar: The Decentralized Marketplace Plans For 2020-2021

Text transcripts of Bitcoin and Cryptocurrency talks and speeches.

Full text transcripts of open discussions, speeches, podcasts and interviews relating to emerging cryptocurrencies or crypto-assets including (but not limited to): Bitcoin, Litecoin, Ethereum, OpenBazaar, Maidsafe, Open-Transactions, etc. for the purpose of a searchable reference, and as a service for the hearing-impaired.
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Decentralized work

Anything related to decentralized work, but especially decentralized task markets and the services that enable them. /rein /TaskHive /ethlance /mturk /openbazaar /bitbay /monero /zcash /bitcoin /btc /cryptocurrency /blockstack /district0x /bitshares /rad_decentralization /selfhosted
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Dr Washo: One of my biggest regrets is not realising the awesomeness of Ethereum, and other projects and dapps, because I was blinded by my Bitcoin maximalism. This was a costly mistake I intend to correct urgently within @openbazaar

Dr Washo: One of my biggest regrets is not realising the awesomeness of Ethereum, and other projects and dapps, because I was blinded by my Bitcoin maximalism. This was a costly mistake I intend to correct urgently within @openbazaar submitted by HodlDwon to MakerDAO [link] [comments]

OpenBazaar - Bitcoin - Ethereum

I've been following OB since 2014 (AT Keiser Report). I believe OB will be the one of the 1st major disrupters and look fwd to trading in the decentralised market place.
My question is: Will OB be accepting ETH or consider accepting ETH at some point.
I hold/support BTC and ETH and believe both will be around for a long time. BTC Marketcap is around $6.2B after 7yrs, in the 7 months since the Beta release ETH is $0.9B and looks likely to increase with the release of Homestead Pi Day 14/03/16.
submitted by civilobedient to OpenBazaar [link] [comments]

"OpenBazaar has just rolled-out Openbazaar version 2.20, paving the way to a fully decentralized, zero-commission cryptocurrency trading. https://t.co/DaPAK0y7NS" $btc $ltc $neo $eth #btc #bitcoin #crypto #ethereum

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

Bitcoin Weekly 2016 May 11: OpenBazaar 1.1.5, Bitbank Chinese mine, Gemini adds Ethereum trading

Bitcoin Weekly 2016 May 11: OpenBazaar 1.1.5, Bitbank Chinese mine, Gemini adds Ethereum trading submitted by BobsBurgers3Bitcoin to btc [link] [comments]

Bitcoin-Powered Marketplace OpenBazaar Raises $3 Million - Ethereum Classic May Adopt a New Monetary Policy - Microsoft Announces Asia’s ‘First Blockchain Consortium’ in Taiwan

submitted by cryptocompare to cryptocompare [link] [comments]

Bitcoin Weekly 2016 May 11: OpenBazaar 1.1.5, Bitbank Chinese mine, Gemini adds Ethereum trading

Bitcoin Weekly 2016 May 11: OpenBazaar 1.1.5, Bitbank Chinese mine, Gemini adds Ethereum trading submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Rudimental Media to launch Ethereum Based Equity Crowdfunding Site - "Rudimental media has alsoannounced plans to launch a Bitcoin subscription service for their media, hosted on OpenBazaar and other bitcoin platforms."

Rudimental Media to launch Ethereum Based Equity Crowdfunding Site - submitted by AliBongo88 to Bitcoin [link] [comments]

Rudimental Media to launch Ethereum Based Equity Crowdfunding Site - "Rudimental media has alsoannounced plans to launch a Bitcoin subscription service for their media, hosted on OpenBazaar and other bitcoin platforms."

Rudimental Media to launch Ethereum Based Equity Crowdfunding Site - submitted by BitcoinAllBot to BitcoinAll [link] [comments]

This Week's Research Report: Bitcoin, Ethereum, OpenBazaar, The Singularity

This Week's Research Report: Bitcoin, Ethereum, OpenBazaar, The Singularity submitted by leebanfield to Bitcoin [link] [comments]

Coin Brief Podcast #23: Bitcoin Price Rally, Counterparty vs Ethereum, OpenBazaar Beta 3.0, & More

Coin Brief Podcast #23: Bitcoin Price Rally, Counterparty vs Ethereum, OpenBazaar Beta 3.0, & More submitted by CoinBriefBot to CoinBrief [link] [comments]

Coin Brief Podcast #14: The Fappening, OpenBazaar Beta, Ethereum Sale Ends, College Bitcoin & More

Coin Brief Podcast #14: The Fappening, OpenBazaar Beta, Ethereum Sale Ends, College Bitcoin & More submitted by CoinBriefBot to CoinBrief [link] [comments]

Why We Are Integrating Ethereum into OpenBazaar

submitted by BeerBellyFatAss to ethtrader [link] [comments]

Bitcoin fees are getting high. Should @OpenBazaar support multiple crypto currencies?

Bitcoin fees are getting high. Should @OpenBazaar support multiple crypto currencies? submitted by notsogreedy to ethereum [link] [comments]

Your Guide to Monero, and Why It Has Great Potential

/////Your Guide to Monero, and Why It Has Great Potential/////

Marketing.
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.

///Upcoming Developments///

Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested.
Multisig
Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero.
Kovri
Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy.
Mobile Wallets
There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon.
Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here.
TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow.
Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information.
Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees!
Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.
Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.

///Monero's Technology - Rising Above The Rest///

Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero".
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!.
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."
The Organic Growth of the Monero Community
The Monero community over at monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader, and all memes at moonero.
Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work.
Monero For Goods, Services, and Market Places
There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier!
Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others.
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com.
With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet.
Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far.
Skepticism Sunday
The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on.

///Speculation///

Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments.
There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin.
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero.
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range.
Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money.
Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today.
Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading.
Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases.
Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money.
Monero is private internet money.
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.

///Key Issues for Monero to Overcome///

Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit.
In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.

///Conclusion///

I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ?
Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
submitted by johnfoss69 to CryptoCurrency [link] [comments]

Imagine e-commerce running on aelf. Aelf CEO @HaoboMa_aelf spoke about aelf’s opportunity and ability to support decentralized business application and aelf COO @czhuling mentioned its leverage of fast and inexpensive transaction.

Imagine e-commerce running on aelf. Aelf CEO @HaoboMa_aelf spoke about aelf’s opportunity and ability to support decentralized business application and aelf COO @czhuling mentioned its leverage of fast and inexpensive transaction.
https://www.techinasia.com/qoo10-launches-blockchain-marketplace-cryptocurrency

https://preview.redd.it/d5axembsp7821.png?width=600&format=png&auto=webp&s=de31763eb3530b5a41a5c85d44d116e4a68d91f3

Qoo10 launches blockchain-powered marketplace with cryptocurrency

Ecommerce firm Qoo10 has unveiled a new blockchain-based ecommerce marketplace and a new cryptocurrency to go with it. Named QuuBe(pronounced “cube”), the platform closely resembles Qoo10’s flagship marketplace and is available on desktop and mobile. Currently on beta, the marketplace will fully launch on January 1, 2019.
The unique selling point of QuuBe is its use of smart contracts, a blockchain feature that automates the verification of transactions between different parties – in this case, merchants and shoppers.
QuuBe’s blockchain network was built on the Ethereum protocol by an in-house team of 20 developers based in South Korea. The platform employs 20 more staff in Singapore to handle sales, marketing, and operations. QuuBe is enabled through the use of Q*coin, a private blockchain token created by Qoo10 for the marketplace. Purchases on QuuBe can only be made via this token.
According to Qoo10 CEO Ku Young Bae, QuuBe can better serve customers with more competitive prices, thanks to a new revenue model. By removing the 10 percent merchant fee and payment gateway fees that traditional marketplaces charge, merchants can compete with other ecommerce platforms.

QuuBe will instead offer advertising spaces for merchants to bid for on its website and app.
Headquartered in Singapore, Qoo10 has 6 million daily active users in countries including Indonesia, Malaysia, China, and Hong Kong. The company has set its sights on Southeast Asia, but its blockchain goals aren’t just about embracing the technology. Ku also hopes the platform will serve unbanked markets such as Indonesia and Myanmar.
“You usually [put your] money in the bank; you wouldn’t put money into a private company’s [mobile wallet],” observess Ku. “The company could go bankrupt, they could just change the data, or [money] can be stolen. Unless trust is built, you can’t be very sure that top-ups into the wallet can be the same. Those hurdles are sorted out by blockchain because the blockchain wallet is not something that we can change and access. Only you can access it.”
This element of decentralized regulation, according to Ku, could go a long way in enabling unbanked communities. With Q*coins available for purchase in 7-Eleven convenience stores, vendors could start their own businesses and buy goods even without access to a financial institution.

The promise of blockchain

Qoo10 aims for US$1 billion in gross merchandising volume by 2020 – a lofty goal, considering blockchain adoption is still in its nascent stages. Many firms are struggling to adopt the technology, while only 0.71 percent of the world’s population are using cryptocurrencies.

But experts think that the idea of a decentralized ecommerce marketplace exemplifies the promise of blockchain.
“It is easy to imagine why such an alliance (between blockchain and ecommerce) might occur, with the removal of gatekeepers between buyer and seller, merchants, consumers, and manufacturers stand to benefit from more cost-efficient transactions,” says Xinshu Dong, CEO of blockchain platform Zilliqa. “As ecommerce moves to the blockchain, the redistribution of power – no longer the sole property of retail giants – will allow more collaborative, creative, and competitive ways of business. Smart contracts will also improve friction points throughout supply chains as transactions undergo a methodological process of verification and execution.”
Despite the struggles of adoption, Qoo10 isn’t alone in its quest. US startup OpenBazaar has raised a total of US$4.2 million with investors Andreessen Horowitz and Blue Yard Capital to launch their decentralized marketplace. Vietnam-based startup Tipo also released a whitepaper in September 2018 for their business-to-peer-to-peer (B2P2P) marketplace.

Stable and steady wins the race

Cryptocurrencies like Ethereum and Bitcoin have also acted as the poster tokens for volatility, making them unsuitable for transactional use. To avoid subjecting customers to that kind of unpredictability, Qoo10 uses the US dollar as the point of reference for its token’s value. Initially sold at US$1, Q*coins are subject to revisions at every million tokens sold to allow for appreciation.
This is very similar to stablecoins or cryptocurrencies that hold stable values, which have been steadily increasing in popularity. In December 2017, stablecoin Tether was briefly one of the top four cryptocurrencies in the world. New York-based Paxos also launched a token pegged to the US dollar.

But unlike Tether and Paxos, Q*coins will be held on a private blockchain, which means that the onus is on Qoo10 to manually adjust the token values.
Zhuling Chen, co-founder of Aelf, says that the stability of the token is important when targeting mass market users.
“Leveraging blockchain, the ownership of [stable] cryptocurrency is fully secured, and transactions can be done in a fast and cheap manner. It avoids the volatility in token value, making it easier for customers and merchants to accept,” points out Chen. “To some extent, it is similar to a cash voucher for ecommerce, but in digital form and can be extended easily to other parties to adopt it.”

https://preview.redd.it/id2bq09up7821.png?width=621&format=png&auto=webp&s=c52afb9a086430e900a3f9375b390401897f4c1d
Currency conversion on Qoo10 / Photo credit: Qoo10
The risk, however, lies in governance: is the value of the token being managed in an effective and transparent way? Qoo10 plans to gradually increase the conversion rate as more Q*coins are purchased, as a form of value-add for early buyers. For example, it will raise the value of the token to US$1.01 after the first 1 million are sold, and then US$1.02 after the second million, and so on.
When asked if it’s looking at opening QuuBe to other cryptocurrencies on the market, Qoo10 answered in the negative.
“In establishing QuuBe, the team ultimately decided on creating its own token so that it can maintain control over the token’s value while still providing users with the unique benefits that blockchain technology has to offer,” explains a Qoo10 spokesperson. “Many established coins today are still highly volatile, and the extreme fluctuations in value that can occur are not in line with QuuBe and Qoo10’s objectives of protecting both sellers and buyers as the bridge between these two parties.”
The spokesperson also cited limited transaction speeds of public blockchains and expensive block verification fees as reasons to go private.

The art of adoption

Qoo10’s interest in building a blockchain-backed marketplace is encouraging, but it also raises concerns about adoption, contends Anson Zeall, co-founder and CEO of CoinPip and chairman of the Association of Cryptocurrency Enterprises and Startups Singapore. Lower prices in the marketplace could work, but it would take an effective marketing campaign to get more users onboard.
“I’m OK with the credit card system – I shop on Qoo10 myself,” says Zeall. “But what would make me switch to token are the incentives, the freebies.”
He cited GrabPay’s aggressive marketing campaign as an example of a costly but effective way to get mass market users onto a new payment method.
“It’s great that they’re experimenting. Qoo10’s got a lot to lose; they’ve raised a big round, brought in investors. But their intentions are good – they’re not doing this to raise funds, they’re not doing an ICO,” adds Zeall.
With a tough learning curve lying ahead for many of QuuBe’s potential merchants, it remains to be seen if the lack of merchant fees is enough to incentivize them to join in. Qoo10 says that majority of its existing users are between 25 and 40 years old, indicating that it has a more mature following compared to other marketplaces.
Nonetheless, Ku is confident that the Qoo10 brand will go a long way in inspiring consumer trust among new customers. With 400,000 products listed, QuuBe will also launch promotional activities, which include giving away more than US$100,000 worth of Q*coins. Users can also look forward to using the tokens at physical stores around Singapore over the next two quarters.
“At the end of the day, it’s all about building trust,” says Ku.

submitted by Floris-Jan to aelfofficial [link] [comments]

Upcoming Announcement Predictions- A realistic hype train

It's been a pretty eventful few weeks for litecoin, with a lot of information flying around. Hype, FUD, rumors, and opinions. It's been exciting. The main topic of conversation overall seems to be Charlie selling his coins, but if you are a true HODLer and you have followed Charlie for a while, this doesn't seem that outrageous. And it certainly does not do anything to change the underlying reason I own Litecoin. If anything, I would hope that it has given people who believe in the technology another chance to accumulate LTC at the expense of short-term speculators.
In my opinion the more important tweet of that weekend was this one: https://i.imgur.com/NAzlnqm.jpg which sparked a lot of rumors of Facebook and Amazon, since which Charlie has squashed. But what might these mean? I'd like to give my .02ł. (Note this is pure uncut speculation. I’m typing out my ass)
BitPay is the obvious choice here- they just raised a $30 million round of funding and are acutely aware of their customers pain in dealing with BTC’s high fees. They raised the minimum payment to $100 and then quickly lowered it to $5, but they mention in that post that they are scrambling to allow BCH payments. I think they are putting their new funding to work to support Litecoin payments too.
Blockchain.info had the most popular online BTC wallet for a long time. They hit their 3 millionth wallet in 2015 and held out as BTC-only all the way up to August of this year, when they added Ethereum. They are clearly opening up to new currencies:
"By adding ether as a new currency, we’re providing users with a new diverse way to interact with the digital economy.”
I think Litecoin will be the new diversity soon.
So it’s already a bit out of the bag that OpenBazaar is looking to add more support for other cryptocurrencies, but Litecoin hasn’t been officially announced, and it is definitely in the works. This interaction took place back in April: https://twitter.com/SatoshiLite/status/849833992455049216
OpenBazaar isn’t as sexy as what we are all hoping for- *cough eBay cough* but it would be good continued adoption nonetheless.
I’m torn on this. My instincts are always to be cautious when something is hyped up as “huge,” especially after this last year in crypto. I can’t remember a single “Huge upcoming announcement” that lived up to the hype. (ex Neo, Monero, Einsteinium, etc. etc.) Monero in particular was a speculator trap, which I see more coblee’s speed rather than hyping up fluff. On the other hand, I feel like Charlie and co know this too, so maybe it really is a huge announcement. If you follow him closely, you could definitely see a potential take away that this announcement is why he sold his coins in the first place. The sale was definitely a calculated decision, and it wasn't unilateral either: https://twitter.com/SatoshiLite/status/945891046751215616 If you read between the lines, he is acutely aware that he has “insider info” and does not want to be accused of using it to his advantage. Take a peek at his recently liked tweets: https://twitter.com/SatoshiLite/likes His last two as of writing this are these: https://twitter.com/keithnesbit/status/945896336234242048 https://twitter.com/bitcnic/status/945883674301616128
One is a speculator selling on Charlie’s announcement. The other is directly talking about insider hype and the personal enrichment that comes with that. There are other examples of Charlie encouraging speculators to sell: https://twitter.com/SatoshiLite/status/945408382818590720
I am willing to bet some LTC that if Charlie has actual hype news to back up the “huge surprise” claim, the idea of quick-buck bandwagoners and traders who don’t care about Litecoin’s mission or purpose selling now and missing out on the surge would be the cherry on top for Charlie. I could see that being an added bonus to his warning tweet a few weeks ago, too. I believe that he wants people to own Litecoin because they believe in the vision of decentralized, permissionless, uncensorable money, not because “their moon” is $1000 bucks or all the BS posts I see in this sub these days.
Or maybe I’m projecting this last part on him because that is what I want. Sure, it’s nice that the price of each Litecoin has jumped considerably, but there is something greater taking place right now than personal enrichment. Litecoin has value because the people agree that it does, and the technology allows us to agree without being told by a higher power. I like Charlie, but he is not the reason I hold Litecoin. I hold Litecoin because through ups and downs and 6 years of existence, the technology has been proven and people around the world understand and agree that this blockchain has value. And it’s only a matter of time until the big announcements come- signaling real adoption.
submitted by future_cryptographer to litecoin [link] [comments]

Implementing Monero Support for OpenBazaar: An Analysis

I have analyzed what it would mean to implement Monero as a new currency in OpenBazaar. The report about my findings can be found here: Implementing Monero Support for OpenBazaar: An Analysis
As Monero is technically quite different from Bitcoin and Bitcoin forks like Litecoin, there are quite a few challenges. But anyway, Ethereum is also quite different, and yet support seems well on its way towards release!
I made the report available already to the devs at OB1; I am eagerly awaiting their comments, especially about the two "political" issues described towards the end.
A few comments from the Monero community can be found on the Monero subreddit here.
submitted by rbrunner7 to OpenBazaar [link] [comments]

[Everyone] We now have several forms of unbannable private property. Is the far left ideologically dead?

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? The capitalist definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). Be be sure to check the date this was published(1900).
So now let's go one by one and use technology to see if private property is bannable

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead.

In conclusion

submitted by CommunismDoesntWork to CapitalismVSocialism [link] [comments]

The Most Exciting Decentralized Finance Developments Revealed in 2019

The Most Exciting Decentralized Finance Developments Revealed in 2019

https://preview.redd.it/twr9ozn6m9x31.jpg?width=4000&format=pjpg&auto=webp&s=6164416e1ca2a085bc49d0d9dd5ca1b496f60410
As we would expect from the industry, this year has been ripe with innovation, and developers have continually released or announced new projects that seek to build upon the already exciting progress taking place in decentralized finance. However, trying to keep up with the releases and determine which projects have merit and which are only noise can leave your head spinning. As such, we have crafted a list that will help you to learn about some of the projects that matter most. Here are some of the most exciting developments that have taken place in decentralized finance in 2019!
1. The Release of Haven (OpenBazaar)
If you paid attention to crypto during its early years, you most likely witnessed the release of various websites that promised you creative and exciting ways to earn Bitcoin. Due to the consistent volatility and lack of mass adoption in crypto, many of these websites were forced to close their doors and have remained dormant since, even as Bitcoin proved its strength and durability.
Despite this, however, there are some interesting concepts that have managed to survive the cryptocurrency market, with one such project being OpenBazaar. OpenBazaar is unique because it is one of the few platforms designed to provide users with a decentralized marketplace, allowing them to sell physical and digital goods without the rules and regulations that come with traditional marketplace sites such as eBay. Additionally, it is one of the few and oldest decentralized marketplaces to have continued operations.
They recently released their own app that streamlines the process and makes it easier for users to take care of orders and purchase goods via a mobile device. While we have seen some companies that aim to provide similar services, they are one of the first. Should they be successful, this can open up the industry to many other services boasting the same capabilities.
2. Algorithmic Stablecoin Offerings
Stablecoins were obvious solutions to the issue of volatility in the crypto market. When these products were first released, they relied on a model that tied them to physical assets, which proved to be problematic over time as this model is highly-centralized and ultimately controlled by the issuer of the coin.
Now, we see more and more developers shy away from that model and opt for a decentralized version instead. Decentralized, algorithmic stablecoin products rely on an algorithm to keep the price steady rather than relying on the stability of traditional fiat or other products, which can often leave room for minor volatility. By setting the prices through an algorithm, this prevents any swings from taking place.
Emerging projects are also seeing that these products are backed by a reserve of cryptocurrencies so that they can remain fully decentralized and safe from potentially malicious actors within the organization. Free from centralization and control, algorithmic stablecoins may be the beginning of a new path towards cryptocurrencies that can act as a store of value.
3. China’s Developing Crypto Project (DC/EP)
An unlikely project, China is currently developing its own crypto platform known as DC/EP (which stands for digital currency electronic payment). The cryptocurrency will essentially serve as a digital Yuan and will need to be disbursed through certain banks that have partnered with the project. However, once the currency has been released, it would act similar to any other cryptocurrency and is free of the traditional banking system.
One of the most intriguing aspects of this project is the way in which the crypto changes hands. When there is no connection, users can still transfer funds to each other by touching phones that have the wallet installed on them. However, users can still expect online transactions to perform the same way as other crypto transactions do.
Armed with a more anonymous and easy-to-use platform, Chinese citizens will be able to take part in the decentralized financial system in a secure way, which is a major step forward for the cryptocurrency community abroad.
4. The Monolith Project
While the term “decentralized finance” is commonplace, “decentralized banking” is not. However, this is exactly what Monolith sets out to do.
Monolith is a decentralized banking alternative that operates on the Ethereum platform to provide a truly free banking experience. This platform boasts exciting features such as a variety of decentralized apps where you can spend your tokens, a non-custodial wallet that features security precautions like a daily spend limit, and a Monolith Tokencard that allows you to spend your chosen tokens in any location that accepts Visa.
While you will still have to rely on a debit card to spend your funds, having the option of using a completely decentralized banking system can be an exciting glimpse into the future for all crypto enthusiasts.
Decentralized finance is constantly moving forward as crypto continues to become a mainstream asset in our society. Just these four examples give us a glimpse into what the future of crypto can be and what we should expect as we move into 2020!
Trakx is building a one-stop shop for Crypto Traded Indices. Discover more about our project on our website and social media channels, such as Telegramhttp://t.me/trakx_io.
submitted by blitz888 to Trakx [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for ancaps.
submitted by CommunismDoesntWork to GoldandBlack [link] [comments]

South Korean post on Bitcoin Cash TRANSLATED

Since the top exchanges by trading volume for Bitcoin Cash from coinmarketcap are South Korean, I browsed the South Korean message boards and found this. Just wanted to share with you guys.
This was about 30 hours ago, just before the price spike. Shows what Korean sentiment is (and why Bitcoin Cash is being valued higher on their exchanges).
From 8 am on August 16, I mined Bitcoin Cash (BCH) block chain with 8MB block size at Bitclub Network. Block # 479469 handles over 37,000 transactions in mempool, creating the largest block of blocks ever found in the BCH chain. Meanwhile, the BCH network has infrastructure development and industry support.
The 8MB blocks found in Bitcoin Cash Blockchain handle 37K transactions!
Bitcoin Cash started on the 16th and network split was on August 1st. The BCH chain began to be mined, and the diggers processed 918 blocks after hard fork. On August 16, from 6:00 am to 7:00 pm, unidentified transactions in the EDT seemed to spam the BCH network. About an hour later, we discovered an enormous 8MB block in the mined pool Bitclub Network that handled 37,814 BCH transactions. Two hours later, another large block was mined from the BCH chain, which is 4 MB in size. Incidentally, the memo pool in the bit coin (BTC) block chain is filled and there are over 48,000 unverified transactions in the media.
Currently, BCH chain difficulty is performed in the top 13% of BTC. Unknown diggers or mining groups captured vast quantities of BCH hash rates and mined 90% of all blocks found. Since the Pool did not leave a clue as to its location or identity, no one can determine who or who is the miner. Today, however, the BTC block chain is 1311 blocks ahead of the BCH chain and is still 69% more profitable for mining.
Infrastructure Support
The BCH market has remained fairly steady, maintaining a range of $ 300 last week. Digital calls received more support this week in various industry decryption projects. For example, Breadwallet announced the BCH Transmission Tool for Android and iOS mobile platforms on August 15th. BCH supporters found another incredible fact when BitPay announced that customers using Copay and Bitpay wallets could access the token. Bitpay does not plan to fully support tokens in the software's user interface, but Wallet users want an option to search Bitcoin Cash if they want.
In addition to two wallet tools, Breadwallet and Bitpay, another wallet with BCH support has been introduced to the sponsor. Openbazaar developer Chris Pacia has developed a wallet for digital calling that is currently in Alpha. Pacia asked the BCH supporters to help with the test. Because of the software in the early stages, he warns you carefully not to store large amounts of money in your wallet. At this stage, you can find the developer's BCH wallet project and source code.
Added Swiss Private Bank, Ether, Litecoin and Bitcoin Cash Asset Management
Bitcoin Cash 8MB Block 479469 has completed more than 37,000 transactions and Bitcoin Suisse AG has announced a detailed BCH support announcement that Falcon Private Bank will allow decryption asset management for ETH, LTC and bit coin cash. Bitcoin.com has reported on the initial setup of BTC management implementation and now customers can buy, exchange and store BCH on the bank platform.
Niklas Nikolajsen, founder and CEO of Bitcoin Suisse AG, is helping the company add new digital assets to Falcon, which is exciting news.
"Bitcoin Suisse is proud to continue to support Falcon Private Bank products in the field of encryption assets," Nikolajsen explained. Falcon Private Bank became the first bank to provide direct bit coins to customers. The decision to take action by adding ether as well as other cryptographic assets became a private bank for cryptographic asset holders and investors. "
Bitcoin cash supporters take an optimistic attitude and give each other tips.
BCH supporters seem to be very optimistic about the future of digital currency, which has received much attention over the last two weeks. According to Google Trends data, the phrase "Bitcoin Cash" was more popular than "Ethereum" this week. The new encryption also has its own tip bot for the Reddit Forum called "Cash Tip Bot" which allows BCH to send small micropayments.
submitted by bennyboy89 to btc [link] [comments]

[Effort Post] The far left is dead, and cryptography killed it

TL;DR: Any ideology based on banning private property is dead thanks to cryptographically-enforced private property.
Cryptocurrencies, Smart Contracts(sometimes called dApps), and Decentralized Autonomous Organizations(DAOs) each represents three different forms of unbannable private property. What is private property? Our definition of private property is straightforward; it's any piece of property that the government doesn't own. But even if we go by the left's irrelevant definition, we will see that each of these 3 technologies meets their definition of private property. And since each of these technologies are inherently unbannable, one can only conclude that the far left is ideologically dead.
So how does the far left define private property? Here are a few excerpts from a few different leftists:
”We are opposed to the kind of [private] property “which can be used only to exploit people — land and buildings, instruments of production and distribution, raw materials and manufactured articles, money and capital.” [Nicholas Walter, About Anarchism, p. 40]
"If your mom made a living off fixing neighbors clothes, and accepted money for it, then [the sewing machine] would be considered private property. If she employs people and takes part of the revenue for the work done by employees, that shit's getting seized." Here we see how communists define private property. If you use property to make money, it's private property. And if you make money using your private property while hiring others, that's doubly offensive.
Here are some others on money in particular:
"Yes, communism seeks to abolish money, but nobody knows how a moneyless post-capitalist system would run."
"[Money] needs to be abolished there is no way to have money and not have material individualism."
"Abolish Money!" This one is particularly interesting becuase leftist-anarchists like to claim that anarcho-capitalists aren't real anarchists because 100 years ago the 'original' anarchists were anti-capitalists. At the same time, some modern anarchists say that money is fine, and doesn't need to be abolished(likely because they realized Bitcoin killed their entire ideology overnight). When debating these fools, send them to this article, and be sure to tell them to check the date it was published(1900).
So now let's go one by one and use technology to destroy the far left's horrific hopes and dreams.

Money

Money is the obvious one. Cryptocurrencies are unbannable forms of money. Their inherent decentralized structure means that not even china, who has complete control of their nations internet, could ban it. The weakest link in crypto space are the centralized exchanges. However, thanks to mining and stores that accept CCs like SilkRoad and OpenBazaar, it's possible to acquire CCs and spend them without going through a centralized exchange. Not to mention, decentralized exchanges will be a thing one day.

Property that you use to earn money

This one is solved by boths Smart Contracts and DAOs, but I'm going to focus on Smart Contracts. Smart Contracts are awesome. If you haven't read my article on them, check out what I wrote here. They can compute anything that a normal program can, but are also unbannable thanks to being decentralized. For our purposes, we can think of Smart Contracts as unbannable programs. Programs are property. Even open source programs are property. When a programer creates a program, they have the freedom to open source the code or not because they own their code(assuming they haven't agreed to give up ownership of the code in exchange for something else). If they do decide to open source their code, they also have the freedom to attach a license(any license) onto their code or not- because they own their code. It's their property. In fact, software in general can be thought of as just digital factories- it takes in inputs, and spits out some outputs. And like physical factories, someone owns them. So we've established programs and code are property. But is it private property? Going by the leftist definitions, yes, it can be.
Take CryptoKitties for instance. CryptoKitties is a SmartContract that lives on the Ethereum blockchain. The idea is you can trade and breed these digital cats with other users, while the company earns a fixed percentage of each trade. CryptoKitties was in fact created by an entrepreneur who hired people to help him make the product. His employees probably get paid a salary, while his company gets paid directly through the SmartContract. In fact, we can see the exact addresses that CryptoKities sends its revenue to, along with who has control over which parts of the Smart Contract: https://etherscan.io/address/0x06012c8cf97bead5deae237070f9587f8e7a266d#code The "contract KittyAccessControl" is particularly interesting. CryptoKitties was made by a team, but you could imagine if it was made by a single person. There's nothing really stopping a single person from making CKs. Either way, CKs is property that is owned by an individual or a few individuals, and is used to make a profit. And it's unbannable. The revenue from CKs will always go to the owner of the contract. That makes CKs an unbannable form of private property by their own definition.

Instruments/Tools/Means of production

But what about the physical computers and keyboards that the programmers use to create the unbannable programs? Couldn't those at least be seized? Nope. That's where DAOs come in. Decentralized Autonomous Organizations mother fucker. DAOs are a beast. Imagine a company with no headquarters, and no one knows who the owners or employees are, or where they're located. DAOs are built on top of Smart Contracts, but instead of a cute game like CryptoKitties, they allow an entrepreneur to codify a business structure in such a way that anyone can perform a task and get paid for it in a completely decentralized fashion. In such a business, it would be impossible to "seize the means of production". Even if the government tracked down one employee and stole their computer, the DAO would still automatically find a new employee to do work, potentially in a completely separate country. And even if the government tracked down the owner of the DAO, the DAO itself still might not be seizeable, assuming the owner stores their private keys in their head. Think of the Uber business model, but on steroids. Or think 'working from home' taken to the extreme. Here's a good article on DAOs. Uber by itself actually is very interesting. Uber doesn't own any cars, the drivers own their own car. However, the Uber App isn't on the blockchain, so technically it could be banned or seized. However, if Uber were a DAO, it would become an unbannable form of private property.
Far leftists would point out that DAOs also enable "woker owned businesses", which is true. A DAO could be programmed to fit any sort of business structure. Unfortunately for them, capitalism doesn't care at all what individuals do, as long as they don't steal or damage other people's private property, or break a contract that they agreed to. Worker co-ops like Mondragon Corporation are as capitalist as Chicken McNuggets. Far leftists on the other hand don't extend this same level of freedom to us, which is why their ideologies are predicated on violence. In order for them to succeed, private property must be completely banned, and their very specific business model must be enforced at gunpoint. Luckily for us, we have cryptography and economics on our side. They may be able to ban certain forms of physical private property like apartments(although even that could be solved by an AirBnB Smart Contract), but they will never be able to ban all of it, or even a fraction of it. Other far leftists such as left-anarchists believe that if we get rid of the government, private property won't be enforceable, and will just automatically disappear. They believe a government is required for private property enforcement. They're completely wrong. Cryptographically-enforced private property is here to stay. They can scream and shout exploitation all they want, but their ideology is completely and utterly unenforceable, and is thus effectively dead. Good riddens.

In conclusion

If you like this post and want to explore this topic further, feel free to sub and post to /AnarchoCryptography. It's a crypto-anarchist sub specifically for ancaps.
submitted by CommunismDoesntWork to Anarcho_Capitalism [link] [comments]

NEWS: OpenBazaar on Debian. How to earn Bitcoin. Wences Cesares & BTCPop. Making Purchases on Syscoin Blockmarket and OpenBazaar Tutorial OpenBazaar: comercio con bitcoins en línea y descentralizado OpenBazaar 2, l'ecommerce decentralizzato per Bitcoin e criptovalute BRIAN HOFFMAN: The Future of OpenBazaar

Pay with multiple cryptocurrencies on OpenBazaar: Bitcoin, Bitcoin Cash, Litecoin, and Zcash. More cryptocurrencies to come. WORDS FROM FANS. Andreas Antonopoulos. Enjoying the @OpenBazaar beta, trying out a simple store for digital goods. This is going to be big… Nuichan. From a sellers point of view, I only had easy, swift transactions so nothing but thumbs up there! ... A free online marketplace to buy and sell goods / services using cryptocurrency. OpenBazaar is a peer-to-peer ecommerce platform with no fees or restrictions. Pay with your favorite coins from 50+ cryptocurrencies that are supported on OpenBazaar via ShapeShift integration such as Bitcoin, Ethereum, Litecoin, Zcash, Dash, etc. and sellers can set up their stores to receive payment in their choice of Bitcoin, Bitcoin Cash or Zcash. Questions? Check out our Support page for ways to get in touch While it may not be merely as popular as the ‘traditional’ blockchain applications like the father of them all Bitcoin or the programmable smart-contract-based Ethereum, openbazaar is a unique, open-source, peer-to-peer software that uses cryptocurrencies to shift the power balance in favor of the end-user. This is why we’ve decided to implement this eCommerce disruptor to our bitcoin ... Back in April of 2016 news.Bitcoin.com reviewed the Openbazaar platform the first day the marketplace launched. Since then the application has come a long way with many updates, new features, and ...

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NEWS: OpenBazaar on Debian. How to earn Bitcoin. Wences Cesares & BTCPop.

#OpenBazaar #Comercio #Bitcoin Aprende cómo utilizar la aplicación de comercio descentralizado OpenBazaar en este tutorial paso a paso. En OpenBazaar puedes comprar y vender cualquier producto o ... OpenBazaar now available on Debian OS's. 101 websites where you can earn Bitcoin. BTCPop a BTC lending site with a couple other features. Wences Cesares gives monetary history lesson to Business ... Heute geht's um folgende Themen: Bitcoin-Mining als Anker im Persischen Golf, Ripple fordert ausdifferenzierte Krypto-Regulierung & OpenBazaar Entwickler starten mobilen Krypto-Marktplatz. 1.) BRIAN HOFFMAN: The Future of OpenBazaar You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2oesV41 #1 wallet I use. Keep Your Bitc... Bitcoin e le criptovalute risolvono il problema del denaro decentralizzato, ma per avere un'adozione di massa gli altri 2 punti da risolvere sono ecommerce ed exchange decetralizzati. OpenBazaar ...

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