Tangles, DAGs, and IOTA

https://youtu.be/I_jNH9BlEEo

In IOTA every user is a 'miner' and it's not really a blockchain, but Tangles , DAGs and graph theory in a sense.   Good video.

POS vs POW challenges still ahead

https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2

Great write up on the consensus challenges for POS.  POW has proven to work at scale on various cryptocurrencies.  POS still seems in it's academic infancy as far as moving forward into the Proof of Stake less energy utilization world of cryptocurrency and blockchain. 

SEC has a dedicated ICO page now

https://www.sec.gov/ICO

SEC (securities and exchange commission) created a dedicated page for ICOs now.  

Distributed systems for a blockchain decentralization world

Why distributed systems engineers aren't  working on blockchain much ?

Good read.

Supply chain and IOTA

Supply plains and logistics are like black boxes.   So a connected global world with 3000 parts everywhere and nowhere and unknown ...

Origin of the entire supply chain needs to be smarter ....

Cardano explained

https://youtu.be/Ja9D0kpksxw

Cardano is a fascinating study the more and more I dig deep into it. Things like RINA, sidechains, Ouroboros POS.  Plus it's all peer reviewed multiple times and attempts to build and design a highly Assurant platform is really impressive.

Time will tell if it's ever released and used as they dream.  But technology wise , I sure hope they keep plugging away and making a great blockchain 3.0 system.

Cardano coming on strong

Cardano is an ambitious journey and just might be one of the best blockchain platforms , Technically speaking. And I think you can use some Haskell like programming concepts with it.  However, even though it's really received some love lately it's like the quiet blockchain for various reasons.

Hopefully more and more people discover it and start using it. Maybe I will attempt something this week on it.  If I can.

Citizen health for blockchain and world

Very ambitious project to help change healthcare around the world.  Lots of opportunities and challenges. Open source and a market place for others to add on top.   Will be something great to be involved in and follow. 

Citizen Health for the people and by the people.

The real blockchain or a tangle of graph theory?

So blockchain vs dags is coming.  Blocks and tangles.  Graph theory.  DAGs are (directed acylic graphs).  It's used a lot in big data technologies now like spark and tez and impala.  But in the blockchain space you now have IOTA and Hashgraph doing more of tangles and DAG theory vs blockchains,  but both these have detractors as in not much evidence they actually have a working implementation as they claim. 

Time will tell.

Ico regulations world.

Great reading if you're looking at raising funds , creating a crypto coin or just investing. And these regulations keep changing.

Chp 1 - Asia
ICO regulations around world

Chp 2 - Middle East, USA, UK
ICO and blockchain cryptocurrency regulations around the world. 

Periodoc table of blockchain

The Periodic table of blockchain... very good read around different dynamics in the business sense and tokenization and governance and accountability sense. 

First Quantum-Secured Blockchain Technology Tested

First Quantum-Secured Blockchain Technology Tested in Moscow...

Quantum computing is fascinating, but it's really early stages, so we don't know what it or where this technology will shape the space.  Will it be real quantum computing or a marketing hyped space ?  We all know half the AI space isn't even complicated machine learning algorithms.

But the super quantum computers could make the blockchain cryptocurrency double spend philosophy null and void and irrelevant.  Brute force attacks are cost prohibitive with normal computers. But brute force with a quantum computer,  Still expensive , but possible.  And that's today. Just imagine.  

Good start here in testing different strategies to combat this possibilities.  

Owlting food chain supply on ethereum

Owlting will try and fix the food supply chain challenges.

How will Blockchain Change the World ?

How will Blockchain Change the World ? 

     Blockchain, bitcoin, Ethereum, Litecoin, Ripple, Monero and the like are changing the world as we speak...

    However they also aren't exactly being used for much more than speculative investments. Or silk road like transactions. Or Ponzi scheme like ICOs. And why not when people can earn 100%, 200%, 900%  returns in such a short time.  It's a very interesting dynamic but it's only one piece of the 'blockchain' and cryptocurrency puzzle.   As they say it's like we are early stages of the 1993 internet but wth the 1998 Hype cycle.   The investment money is driving the hype, but the technology will change the future.  People just don't realize it yet. Most people don't even know what this is and the banks are so fearful they are trying to create their own private blockchain consortium.  

   

Cryptocurrencies as legal tender is the defacto Bitcoin and blockchain answer and use case.  It's a ledger. It's secure. It's transparent. It's immutable.  It's mined. It's decentralized. It's a currency.  But the blockchain isn't just about monetary value or currency. In fact, most of the cryptocurrency movement isn't currency at all, it's a speculative investment just like anybody who buys stock in Tesla or Apple.  The real difference is some people can actually go and buy a pizza with BTC ; whereas owning stocks in Tesla is a complicated process to get it out.  

     Speaking of values and currency worth, who wants to buy a pizza with 1 BTC if it could be worth double tomorrow?  Or triple.  And when certain altcoins go up in value by 900%, it's a fascinating ride, and makes sense.  However, what happens when this all comes crashing down?  And we know it all will.  That's where we will see the real changes, the real players, the real interest.   The real fallout and disruption.  The fake players will disappear onto the next assumed hype cycle.  The real players will actually try and change the world.  It's so new and exciting that who doesn't want to be a part of this change.  This decentralized change coming.

     It's hype times a million right now and many people who couldn't even tell you what Bitcoin or the blockchain is, have invested in it.  It's money. It's a lot of money.  And it'll probably keep going up.  But maybe it won't.   Or maybe it will.

     Things like Ubiq smart contracts and Ethereum smart contracts are really the way of the blockchain future.  How do you get normal everyday people to care?  The internet didn't really become a defacto standard till smart mobile phones.  True people used AOL and prodigy and compuserve, but nobody cared or needed it. And the connections were too slow and not always on.  Many people assumed the internet was just a fad.   Email changed a lot of dynamics because everybody suddenly had a way of sending messages without  paying for a stamp.  

     I digress into the internet and dot com era to bring you back to the blockchain era. Things will change. It's just too early to figure out how it will all play out, but it's not about connecting the rest of the world who don't have the internet or bank accounts.  Oh that will make things progress faster. It'll make a few people millions or billions of dollars.  But the blockchain will change the world. And the centralized middle man will fall.  And smart contracts, the blockchain, cryptocurrency, automation, machine learning, AI, and IOT will bring a new future we never even imagined.   

The future is coming, will you pretend it's not? 

     

But extension blocks and bitpay to solve the bitcoin scaling issue?

So my last post spoke about the 165k bitcoin backlog and how there is a serious issue in scaling transactions. But bitpay and extension blocks could be a possible solution. 

Will it solve the transactional scaling weakness ? And will it ever be approved and integrated ?  And how will that change things ? 

bitcoin has a serious problem

If they don't figure a way to scale transactions, bitcoin will just be like many wall Street and finance funds. And thats a lot of hype and BS and millions for a few.

Imagine if bitcoin became as popular as a Visa credit card  or say a Bank of America debit card?    It can't handle minimal real world purchasing transactions now. This backlog is a serious serious issue. 

China may ditch paper money

Blockchain, Bitcoin, paper money.   What say you China ?  They are on the road to eliminating paper money altogether ?  Sounds fierce.  Sounds like a good plan. Sounds meaningful. Sounds righteous. Sounds interesting.  But will China do it ? And when ?

Blockchain for web developers

I was always a better C++ programmer than a web developer...

Blockchain explained for web developers

Delaware blockchain corporate law

Many many companies already incorporate in Delaware already, so this could be interesting. 

http://www.newsbtc.com/2017/04/18/delaware-blockchain-friendly-corporate-law/

Cost benefit analysis of smart contracts.

"The aim of smart contracts is to deliver superior security than traditional legal contracts and to reduce the administrative and transactional costs involved in legal transactions. While smart contracts will most likely not universally replace traditional legal contracts in the near future, they can reduce the burden, time and complexity of writing new legal documents for each new transaction as smart contracts can automate this process to a large degree."

Good read.

https://btcmanager.com/a-cost-benefit-analysis-of-using-smart-contracts-in-banking/