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How blockchain technology could reshape Utilities businesses, EnergyPoint – Le blog Energie et Environnement de BearingPoint

blockchain utilities

We have been increasingly hearing, reading and talking about blockchain technology in the latest months, especially in the financial industry, where it is thought to become a game changer. It can provide extra efficiency and security, and may even fully disrupt the entire industry.

Blockchain technology turns out to be of similar interest in the utilities business. Utilities and banks are alike in the way they are centralized, powerfully regulated structures with elaborate processes. Utilities are a favorable environment for the deployment of blockchain technology.

Indeed, we are watching growing numbers of pilot projects involving blockchain in the energy industry, some of them instigated by large companies such as RWE, startups like LO3 Energy and its experiment in Brooklyn, NYC, and even stock exchange operators such as the NASDAQ.

To understand these projects and what lies in the background, it is necessary to look at the basic concepts of blockchain, and how its characteristics provide assets for the transformations of the energy landscape.

1. Blockchain Technology

Blockchain technology has inherent characteristics that can be of use to many sectors, including the energy sector. Going over these characteristics will help in the evaluation of its potential in the energy landscape.

What is blockchain and how does it work?

A blockchain is a distributed, secure and see-through system of record comprising a log of transactions collective across a digital network. Each knot on the network contains a finish replica of the blockchain data. The knots are held by “miners”.

Figure 1 – Each knot on the network contains a finish replica of the blockchain data. The knots are held by “miners”

Miners are responsible for authenticating and validating transactions, and then create blocks to be added to the blockchain.

Figure Two – A transaction on a blockchain

What are their main applications?

Blockchain technology’s main applications are:

Distributed ledger : insure traceability and certification of legal documents of all types

Assets transfer : peer-to-peer transactions of assets of all types, without intermediary

Brainy contracts : autonomous programs executing pre-defined deeds under immutable terms

Blockchains are the very first systems to overcome limitations of synchronizing databases, so that individuals and companies can store data and run applications with 100% reliability. The potential cost savings introduced by a single global digitized ledger are significant.

This core functionality – decentralized database – can be beefed up by integrating mechanisms that make possible to carry out decentralized transactions inbetween two or more users under specific conditions defined previously. This is what we call brainy contracts. In this type of transaction, the terms of the contract are to be accepted previously by the users and the execution of the contract is then automatized. In a brainy contract, rules are defined individually (quantity, price, quality) and thanks to blockchain technology, there is an autonomous matching inbetween the parties, for example inbetween distributed providers and prospective customers.

An identically significant benefit is that the ledger will produce a golden source of data: useful for business owners, auditors and regulators alike.

Blockchains have a broad range of applications, some already in use like in finance with the cryptocurrency bitcoin (for more details, see our explore in the BearingPoint Institute : https://www.bearingpointinstitute.com/en/can-financial-services-industry-master-cryptofinance), others being just experiments or ideas as it is the case for most projects in the energy sector. The outlook is broad when we think of the possibilities of wise contracts in the energy sector. It represents a potential for secular switch to the status quo, in which every player perceives an chance to play a fresh role in the global energy system.

Figure Three – Main applications and functionalities of blockchain technology

The capability of blockchain to enable a decentralized and autonomous grid can explain why blockchain technology caught the attention of all energy companies in the latest times.

Two. Use cases of blockchain technology in the energy sector

After this introduction to blockchain, we can now analyze how it can be an response to the current needs of the energy sector in the lights of the current switches it is going through.

Blockchain technology may response the crucial need of authentication of contracts and certificates addressed by the energy sector

One of the assets of blockchain technology is database management, which is semi-transparent and cannot be violated. This asset could be used in systems that need certifications and traceability.

In France and several other European countries, Energy Saving Certificates or “White Certificates” are one of the main devices in their policies that aim for the reduction of energy consumption.

The idea is that energy producers, suppliers or distributors (electro-therapy, gas, fuel, fever, cold …) are shoved to promote energy efficiency deeds actively. An amount of obligations is defined in regulations over a specified period of time (obligations are distributed amongst producers according to their sales / energy deliverance). Each activity indicating the amount of energy savings has to be described and filed, and can then be managed by the authorities. At the end of the specified period, “obliged” producers have to justify the accomplishment of their obligations, or pay penalties otherwise. White certificates are tradable (For more details: http://www.developpement-durable.gouv.fr/-Certificats-d-economies-d-energie,188-.html)

This system is fairly analogous to the concept of CO2 emissions trading. Other types of certificates are also now delivered to track the production and consumption of renewable and / or recovered energy (green electro-therapy, biomethane, etc.).

These certificates are instruments supposed to ensure a specified amount of energy savings, emission, or renewable energy consumption has been achieved. Each certificate has to be unique and traceable, assuring that the influence of the related activity has not been accounted for elsewhere.

Therefore, authorities have to track the evolution of these certificates in registers. It has been noticed that authorities have a lot on their arms and sometimes lack the time to control filed deeds and work on the evolution of the mechanism (corresponding regulations are often revised), in addition to managing the registers.

In the future, registers could be managed via blockchains, requiring little activity from the authorities whilst being accessible to all players in the Energy sector (the State, the public, producers, consumers, emitters, …), ensuring the uniqueness and traceability of certificates, and even managing the certificates’ trading (certificates’ markets). The benefit is for all players, since they would be able to concentrate on deeds contributing to the energy transition.

There is no denying that there is still much to be done in the field since regulation weighs strenuously on any innovation. Each country has its own national registers for the White Certificates, which meet different rules depending on the geographical location, which entails enormous costs for the utilities. For example, if a utility has wind turbines in Belgium, solar panels in Wallonia, and biomass in Brussels, it must have three different national White Certificates management registers, and as many dedicated teams and therefore the costs rocket. Blockchain would here be a flawless example of application to disintermediate all these actors, and thus reduce the risk and the costs, except that the main actor is the State, and therefore this implies to switch the regulation very first.

NASDAQ and its service LINQ used the authentication of the certification of solar power

The stock exchange operator, Nasdaq, unveiled in May two thousand sixteen a service that lets solar power generators sell certificates thanks to its Linq blockchain service (for more details: http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=948326).

In this system, the solar panels have to be connected to the Internet with technology provided by Filament, a Nevada-based blockchain start-up. Through an API pull from NASDAQ’s blockchain-based private markets platform Linq, anonymous certificates are created and can be sold to anyone who wishes to subsidize solar energy. The solar panels are hard-wired into the IoT device through a converter which enables Linq to measure the wattage they’re putting out and producing into the grid.

Blockchain technology may ease the billing process for utilities and reduce energy bills for consumers thanks to wise metering

The electric current clever meter is the keystone inbetween suppliers and customers of the brainy grid, and concentrates all the transaction, confidence and security stakes associated with an ever more intelligent and lithe energy.

Brainy meters associated with the transparency of blockchain create an environment where transactions are open and secure:

– Reduce risk of fraud / theft

– Help manage debt recovery

– Increase transparency in price switches and fees

A brainy grid network supported by blockchain technology would ensure an efficient local relationship inbetween production and consumption of renewable energy. Participants could publicly track their energy usage and production, and sell any unused energy to other participants. They would also have the capability to reduce their energy bills by making more informed purchasing decisions, avoiding consumption peaks or switching into a lower subscription. Brainy meters and blockchain technology would ensure a simplified billing process (efficiency, transparency) and quicker switching times.

A blockchain solution identifying where the energy is coming from, at what unit price and any mark-up passed to the consumer would result in more competitive pricing and in better integrity from public perception.

BlockCharge: EV charging and billing solution

RWE and Slock.it are putting together a decentralized billing system for electrical vehicle charging. It is called BlockCharge. Following the same principle that wandering for telecommunications, it would permit electrical vehicles to charge anywhere (with the help of a brainy ass-plug), and to be billed for the electro-therapy they used in a plain, common, and blockchain-based way. The EVs would interact automatically with stations and the electric current payment process would be autonomous.

The benefits of the project:

– Multiplying charging infrastructures (the use of a wise plus enables to charge a vehicle anywhere)

– Simplifying charging contracts (no need for contract anymore)

– Resolving interoperability issues

– Simplifying the charging process by treating authentication, charging and billing

Blockchain may help the emergence of microsystems based on prosumers

In the energy sector, we are witnessing the development of prosumer characters that is to say individual consumers that are also producing energy (homes with solar panels for example).

In that respect, blockchain technology represents an chance for a broader development of those behaviors by enlargening the number of people who could buy and sell energy directly with a high degree of autonomy.

Indeed, as said in the previous paragraph, blockchain technology should entail major switches since it permits transactions to be carried out directly from peer to peer. No third party intermediaries are required. In theory, we can imagine a market place where consumers exchange their own production without needing energy companies to organize the transactions. It creates a shift from centralized structures (banks, trading platforms, energy companies) towards a decentralized system (peer-to-peer transactions). It would reduce cost and speed up processes. The system would thus become more lithe. Of course, in that model, energy companies are still needed to organize the transfer of energy.

From theory to reality: the emblematic experimentation in Brooklyn

Transactive Grid, the project of the LO3 platform and ConsenSys, has become a fairly famous example of the possible application of blockchain to energy with its pilot experiment in Brooklyn, NYC (for more details: www.brooklynmicrogrid.com). Five “producer” houses, tooled with solar panels, sell their production to five “consumer” houses, on the other side of the street since April 2016. The objective of the experiment lies in the re-appropriation by citizens of their energy production, by the establishment of mini-grids, that is to say, mini autonomous energy communities. For this purpose, sensors record the history of the energy generation at a specific point, and instantaneously record it on blockchain Ethereum. Wise contracts can then govern the rules of use of this energy, and of course the tariffs of producers.

We could thus imagine, like the microgrid in Brooklyn, a proliferation of local decentralized and autonomous microgrids. In local communities, single persons with a single solar panel could thus participate in the end user market. Moreover, we can lightly conceive a system where people with individual solar panel no longer feed their excess energy into the grid but market all their production.

List of potential use cases and associated examples. This list is not exhaustive, as blockchain technology makes it possible to increase efficiency in processes and improve transparency, so it can be considered in numerous applications. Its use will depend on its adoption by the greater mass. At this stage, all projects remain pilots to validate the public interest.

Figure 7 – Potential use case and examples

Three. Transformations ahead

None of the energy companies presently developing blockchain applications have moved beyond the concept or pilot stage yet. It shows up that those models are difficult to put into practice. Indeed, the actual technology lacks of maturity and is elaborate in its development and implementation, in the energy sector in particular.

Moreover, barriers such as legal and regulatory requirements that blockchain projects must conform with are obstacles that still have to be overcome. The legal and regulatory frameworks still have to be designed to reflect the requirements of decentralized transaction models and provide protection to energy consumers.

However, France is a pioneer in this field, which is encouraging for the development of blockchain technology. Indeed, in July two thousand sixteen the CRE enacted an ordinance on the self-consumption and the pooling of the energy which permits anyone to produce violet wand and sell surplus production to others (neighbors for example). It thus authorizes a collective self-consumption which would react to a local electrical request through a local electrical supply. On December 21, a bill ratifying these ordinances was adopted.

The development of these models is very promising. Blockchain technology is a potential game changer for the energy market and its ecosystem: users, real estate companies, municipalities.

Nevertheless, it is too early to know what role in energy markets blockchain technology is set to play. It may be restricted to database management and transactions processing, but most likely, some broader and more disruptive future awaits.

Related video:

How Bitcoin Could Prevent a Future Greece

How Bitcoin Could Prevent a Future Greece

It might be too late for bitcoin to save Greece from its currency crisis, but the digital currency is evolving swift enough that there’s a good chance it will help future crises. Christopher Mims, a writer for The Wall Street Journal, claims in today’s edition that digital currency is “at an inflection point” and evolving swifter than most people realize.

“Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange,” Mims stated.

For Greeks to get ahold of bitcoin, they need to buy euros, which is the last thing they want to give up under the current circumstances. There is a daily limit on the number of euros that Greeks can withdraw from banks. The unwillingness to part with euros is why bitcoin today has no bearing on Greece’s situation, Mims noted.

The Block Chain’s ‘Unimaginable Possibilities’

However, block chain technology opens up “unimaginable possibilities” for anything that people exchange. To prove his point, Mims cites continuous interest in bitcoin from large financial institutions such as UBS, the Bank of England, Deloitte and Nasdaq. He also noted that Greece’s former finance minister, Yanis Varoufakis, claimed the country could use bitcoin technology to create a coin. The coin’s value would be assured by future tax revenue.

Michael Casey, a senior adviser to the MIT Media Lab on cryptocurrencies, said the block chain could issue the scrip that Greek companies are presently using to pay suppliers and employees, the article noted. This scrip, which promises to pay back debt as soon as banks unlock a company’s money, is an alternative currency that Greeks are using during the current crisis. The mechanism to issue scrip, according to Casey, would be a fresh technology called “sidechains.” Sidechains are a way to modify bitcoin to permit its use for any transaction, including indicating a national currency.

Cryptocurrencies Could Represent Assets

Greece could create a “collateralized currency” backed by state-owned assets, according to Casey. Cryptocurrencies could represent these assets.

The block chain has the potential democratize the creation of money, Mims noted. “And that, for many observers, is fundamentally what the debate over Greece and the fate of the entire European Union is about,” he stated.

Related video:

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software

Ken Shirriff’s blog

Xerox Alto restoration, IC switch roles engineering, chargers, and whatever

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software

Nelson Mandela tribute

“I am fundamentally an optimist. Whether that comes from nature or nurture, I cannot say. Part of being optimistic is keeping one’s head pointed toward the sun, one’s feet moving forward. There were many dark moments when my faith in humanity was sorely tested, but I would not and could not give myself up to despair. That way lays defeat and death.”

“I learned that courage was not the absence of fear, but the triumph over it. The plucky man is not he who does not feel afraid, but he who conquers that fear.”

“Difficulties break some guys but make others. No axe is acute enough to cut the soul of a sinner who keeps on attempting, one armed with the hope that he will rise even in the end.”

“It always seems unlikely until it’s done.”

“When a man has done what he considers to be his duty to his people and his country, he can rest in peace.”

“Real leaders must be ready to sacrifice all for the freedom of their

“Everyone can rise above their circumstances and achieve success if they are dedicated to and sultry about what they do.”

“Education is the most powerful weapon which you can use to switch the world.”

“For to be free is not merely to cast off one’s chains, but to live in a way that respects and enhances the freedom of others.”

“There is no passion to be found playing petite – in lodging for a life that is less than the one you are capable of living.”

“There is nothing like returning to a place that remains unchanged to find the ways in which you yourself have altered.” -Nelson Mandela

The data is stored in the blockchain by encoding hex values into the addresses. Below is an excerpt of one of the transactions storing the Mandela information. In this transaction, little amounts of bitcoins are being sent to fake addresses such as 15gHNr4TCKmhHDEG31L2XFNvpnEcnPSQvd . This address is stored in the blockchain as hex 334E656C736F6E2D4D616E64656C612E6A70673F . If you convert those hex bytes to Unicode, you get the string 3Nelson-Mandela.jpg? , indicating the pic filename. Similarly, the following addresses encode the data for the picture. Thus, text, pictures, and other content can be stored in Bitcoin by using the right fake addresses.

Secret message in the very first Bitcoin block

Bitcoin logo

Prayers from miners

The codebase technology has since been used by many other miners as advertising. Typical messages are: Hi from 50BTC.com , For Pierce and Paul , Mined at GIVE-ME-COINS.com , EclipseMC: Aluminum Falcon? , Glad NY! Yours GHash.IO , Mined By ASICMiner , BTC Guild , Made in China , BitMinter , /bitparking , hi from poolserverj , /ozcoin/stratum/ , /slush/ .[7]

XSS demo

Len Sassaman Tribute

A creature simulator in Basic

The original Bitcoin paper

In this transaction the Bitcoin blockchain contains the PDF for the original Bitcoin paper.

Rickrolls

A third rickroll has the song metadata and lyrics encoded in Base-64.[12]

Photographs in a messaging system

Among other things, this system contains text from the Bhagavad Gita, one thousand digits of pi, numerous JPG and PNG pics, a Shel Silverstein poem, a Rumi poem, and quotes from a random party. Here are some of the photos stored in the blockchain using this system:

Wikileaks cablegate data

The blockchain contains the source code for Python instruments to insert data into the blockchain and to download it.[16] In a weird self-referential twist, the downloader can be used to download itself. The uploader/downloader puts data into the destination address, but extends the previous mechanism by using Bitcoin escrow / multi-sig to put three addresses in each destination. It also uses a checksum to make storage more reliable.

Here’s the code in the blockchain to insert data into the blockchain. While it says it was written by Satoshi Nakamoto (the pseudonymous author of Bitcoin), that’s most likely not true.

Leaked firmware key and illegal primes

The switch from that transaction was used for this transaction, which references the Wikipedia page on illegal primes, followed by two supposedly-illegal primes from that page.

The switch from that transaction was then used for the Wikileaks Cablegate messages, implying the same person was behind all these messages. It looks like someone was attempting to store a diversity of dodgy stuff in the Bitcoin blockchain, either to cause trouble or to make some sort of political point.

Email from Satoshi Nakamoto

Text in Bitcoin addresses

The very first option for putting text into an address is to test millions or billions of private keys by brute force in the hope of randomly getting a few characters you want in the public address. This generates a “vanity” address which is a valid working Bitcoin address. An example is Bitcoin Armory, which uses the donation address 1ArmoryXcfq7TnCSuZa9fQjRYwJ4bkRKfv . Note that only six desirable characters were found, and the rest are random. You can use the vanitygen command-line instrument or a website like bitcoinvanity to generate these addresses.

Many people have recently received lil’ spam payments from vanity addresses with the prefixes 1Enjoy. and 1Sochi. addresses. These payments don’t get confirmed by miners and the purpose of them is puzzling.

The 2nd option is to use whatever ASCII address you want (kicking off with a one and ending with a six-character checksum). Since there is no known private key for this address, any bitcoins sent to this address are lost forever. Despite this, some addresses have received significant amounts: 1BitcoinEaterAddressDontSendf59kuE. has received over 1.6 bitcoins (over $1000). 1111111111111111111114oLvT2 (hex 0) has received almost three bitcoins.

A very strange activity is the large-scale deliberate “searing” of bitcoins by sending them to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr, where nobody can ever use them. Amazingly, this address has received over Two,130 bitcoins (about $1.Five million dollars worth) that are now lost forever. The motivation is that Counterparty is issuing their own crypto-currency (XCP) in exchange for ruined bitcoins. The idea is that “proof-of-burn” is a more fair way of distributing currency than mining.

Mysterious encrypted data in the blockchain

Inbetween June and September 2011, there were thousands of lil’ mystery transactions from a few addresses to hundreds of thousands of random addresses sorted in decreasing order. These transactions are for one to forty five Satoshis, and have never been redeemed. As far as I can tell, the data is totally random. But maybe there is a secret message in the addresses or in the amounts. In any case, someone went to a lot of work to do this, so there must be some meaning. [20]

One interesting thing is that the switch address from the cablegate description was then used for three eighty six kilobyte GPG-encoded files.[Legal] From the “magic numbers” at the beginning of these files I know that these are GPG files encrypted using CAST5, but what is in these files is a mystery. Without the passphrase, they can’t be decrypted.

By following the switch addresses, we can see that after submitting the “Satoshi” uploader and downloader, the same person submitted the Bitcoin PDF. The same person then submitted five mysterious files.[Nineteen] These files show up entirely random, so they may contain encrypted data.

Valentine’s day messages

How to put your own message in the blockchain

Summary

The notes to this article provides hashes for the interesting transactions, in case anyone wants to investigate further.

Notes and references

[1] Clients store the 16-gigabyte blockchain in the data directory. On Windows, this is C:\Users\userid\AppData\Wandering\Bitcoin . The blocks are stored in a sequence of one hundred twenty eight megabyte files blknnnnnn.dat . Syncing these files is why a total Bitcoin client takes hours to embark up.

An effortless way to see the ASCII contents of the blockchain is to visit bitcoinstrings.com.

[Two] In the Bitcoin protocol, every mined block has a transaction that creates fresh bitcoins. Part of that transaction is an arbitrary coinbase field of up to one hundred bytes in the Script language. Normally the coinbase field has data such as the block number, timestamp, difficulty, and an arbitrary nonce number.

The utter coinbase in the genesis block is:

[Three] The message in the Genesis block is slightly different from the actual newspaper article: Chancellor Alistair Darling on brink of 2nd bailout for banks.

[Four] A brief overview of Bitcoin addresses will make this mechanism lighter to understand. Normally, you commence with a random 256-bit private key, which is necessary to redeem Bitcoins. From this, you generate a public key, which is hashed to a 160-bit address. This address is displayed in ASCII using a technology called Base58Check encoding. This ASCII address, such as 1LLLfmFp8yQ3fsDn7zKVBHMmnMVvbYaAE6 , is the address used for transferring Bitcoins. But inwards the transaction, the address is stored as the 160-bit (20 byte) hex value.

In normal use, you have no control over the 20-byte hex value used as an address. The trick for storing data in the transaction is to substitute the address with twenty bytes of data that you want to store. For example, the string This is my test data turns into the hex data ‘54686973206973206d7920746573742064617461’. If you send some bitcoins to that address, the bitcoins are lost forever (since you don’t have the private key matching that address), but your message is now recorded in the Bitcoin blockchain.

See my earlier article for details on how Bitcoin addresses are generated.

If you look at the very first ScriptPubKey of the very first transaction, the address is 3d79626567696e206c696e653d3132382073697a , which turns into the ASCII text =ybegin line=128 siz . If you do this for all the addresses, you get an ecoded file. This file turns out to be encoded in the obscure yEnc encoding, designed in two thousand one for transmitting binaries on Usenet. I hacked together some code to extract and decode the file, resulting in the bitcoin.jpg file shown above. There was some discussion of this logo in 2011, but I don’t know if anyone has actually extracted the photo until now.

[6] The prayers can be found in blk00003 and blk00004. Eligius is appropriately named after Saint Eligius the patron saint of goldsmiths and coin collectors. The Rickroll is here.

[7] For a while, the mysterious message /P2SH/ appeared in the coinbase field over and over. This string is an indication that the miner supports the pay-to-script-hash Bitcoin feature. The purpose of this was to ensure that more than 50% of the miners supported the feature before it was flipped out.

[8] The XSS attack demo is in transaction 59bd7b2cff5da929581fc9fef31a2fba14508f1477e366befb1eb42a8810a000. The JavaScript for the attack was put in the transaction’s output script. The blockchain.info website displays the contents of the output script, but evidently didn’t escape it as HTML. Thus, the contents <script> would not be displayed as text, but would be executed as part of the page. The demo only popped up an alert box, rather than running malicious JavaScript. The creator of the attack describes it on Reddit.

[9] A talk presents some details on the tribute (here). The data is in transaction 930a2114cdaa86e1fac46d15c74e81c09eee1d4150ff9d48e76cb0697d8e1d72. This tribute cost one BTC, 0.01 BTC per line.

[Ten] The Basic code is in block 3a1c1cc760bffad4041cbfde56fbb5e29ea58fda416e9f4c4615becd65576fe7, and it is stored in “uploader” format, with a donation to Satoshi’s genesis block address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.

Unluckily the code is a mess with GOSUBs without Comebacks, violated loops, half-implemented ideas, and unused variables, so the code doesn’t work, which is disappointing. It’s a mystery why someone would put this BASIC code into the blockchain.

[11] The Rick Astley lyrics are in transaction d29c9c0e8e4d2a9790922af73f0b8d51f0bd4bb19940d9cf910ead8fbe85bc9b. This data is included using the OP_RETURN mechanism, which was later supported as a non-hacky way to put data into the blockchain.

[12] The third rickroll has the data encoded in a structured format, maybe from some music database. The data format is base-64 metadata base-64 lyrics The transaction is 0b4efe49ea1454020c4d51a163a93f726a20cd75ad50bb9ed0f4623c141a8008.

[13] The messaging system references “AtomSea & EMBII”, who I assume are the creators. The chain commenced with address 12KPNWdQ3sesPzMGHLMHrWbSkZvaeKZgHt with 0.269 BTC on 2013-12-01 23:54:35 Each output is 0.000055 bitcoins, just over the current network minimum of .0000546 bitcoin. The next transaction in the chain can be found by looking at each switch address, which pays for the next block. The chain ended when it ran out of bitcoins, at address 1DQwj8BDLWy9BMzX8uUcDYze3hx8q7uBy4 .

In total, the data chain has 85KB of data including pictures, random quotes, and HTML. The system embeds filenames, lengths, and the data. There are also a lot of transaction ids stored in the data, presumably serving as an index.

[14] The Two.Five megabyte Cablegate file was stored in one hundred thirty separate transactions each holding 20,000 bytes of data, transactions 5c593b7b71063a01f4128c98e36fb407b00a87454e67b39ad5f8820ebc1b2ad5 to 2663cfa9cf4c03c609c593c3e91fede7029123dd42d25639d38a6cf50ab4cd44#o6″. Each transaction includes a trivial 0.00000001 bitcoin donation to the Wikileaks donation address 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v . This data is stored in checksummed download implement format.

[15] The cablegate description is in 691dd277dc0e90a462a3d652a1171686de49cf19067cd33c7df0392833fb986a, and is stored in “uploader” format. It’s a bit circular that this message describes where to find the download implement, but the message itself needs the download instrument to be read. Fortunately it’s not too hard to read the message without the instrument.

In a nice touch, these transactions both donate 0.00000001 bitcoins to address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, which is Satoshi Nakamoto’s address from the Genesis Block.

[17] This transaction, 77822fd6663c665104119cb7635352756dfc50da76a92d417ec1a12c518fad69 has an unusual scriptPubKey: OP_IF OP_INVALIDOPCODE 4effffffff 1443 bytes of data OP_ENDIF .

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software

Ken Shirriff’s blog

Xerox Alto restoration, IC switch sides engineering, chargers, and whatever

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software

Nelson Mandela tribute

“I am fundamentally an optimist. Whether that comes from nature or nurture, I cannot say. Part of being optimistic is keeping one’s head pointed toward the sun, one’s feet moving forward. There were many dark moments when my faith in humanity was sorely tested, but I would not and could not give myself up to despair. That way lays defeat and death.”

“I learned that courage was not the absence of fear, but the triumph over it. The courageous man is not he who does not feel afraid, but he who conquers that fear.”

“Difficulties break some fellows but make others. No axe is acute enough to cut the soul of a sinner who keeps on attempting, one armed with the hope that he will rise even in the end.”

“It always seems unlikely until it’s done.”

“When a man has done what he considers to be his duty to his people and his country, he can rest in peace.”

“Real leaders must be ready to sacrifice all for the freedom of their

“Everyone can rise above their circumstances and achieve success if they are dedicated to and sultry about what they do.”

“Education is the most powerful weapon which you can use to switch the world.”

“For to be free is not merely to cast off one’s chains, but to live in a way that respects and enhances the freedom of others.”

“There is no passion to be found playing petite – in lodging for a life that is less than the one you are capable of living.”

“There is nothing like returning to a place that remains unchanged to find the ways in which you yourself have altered.” -Nelson Mandela

The data is stored in the blockchain by encoding hex values into the addresses. Below is an excerpt of one of the transactions storing the Mandela information. In this transaction, little amounts of bitcoins are being sent to fake addresses such as 15gHNr4TCKmhHDEG31L2XFNvpnEcnPSQvd . This address is stored in the blockchain as hex 334E656C736F6E2D4D616E64656C612E6A70673F . If you convert those hex bytes to Unicode, you get the string 3Nelson-Mandela.jpg? , indicating the photo filename. Similarly, the following addresses encode the data for the photo. Thus, text, photos, and other content can be stored in Bitcoin by using the right fake addresses.

Secret message in the very first Bitcoin block

Bitcoin logo

Prayers from miners

The codebase mechanism has since been used by many other miners as advertising. Typical messages are: Hi from 50BTC.com , For Pierce and Paul , Mined at GIVE-ME-COINS.com , EclipseMC: Aluminum Falcon? , Blessed NY! Yours GHash.IO , Mined By ASICMiner , BTC Guild , Made in China , BitMinter , /bitparking , hi from poolserverj , /ozcoin/stratum/ , /slush/ .[7]

XSS demo

Len Sassaman Tribute

A creature simulator in Basic

The original Bitcoin paper

In this transaction the Bitcoin blockchain contains the PDF for the original Bitcoin paper.

Rickrolls

A third rickroll has the song metadata and lyrics encoded in Base-64.[12]

Photographs in a messaging system

Among other things, this system contains text from the Bhagavad Gita, one thousand digits of pi, numerous JPG and PNG pics, a Shel Silverstein poem, a Rumi poem, and quotes from a random party. Here are some of the pictures stored in the blockchain using this system:

Wikileaks cablegate data

The blockchain contains the source code for Python instruments to insert data into the blockchain and to download it.[16] In a weird self-referential twist, the downloader can be used to download itself. The uploader/downloader puts data into the destination address, but extends the previous technology by using Bitcoin escrow / multi-sig to put three addresses in each destination. It also uses a checksum to make storage more reliable.

Here’s the code in the blockchain to insert data into the blockchain. While it says it was written by Satoshi Nakamoto (the pseudonymous author of Bitcoin), that’s very likely not true.

Leaked firmware key and illegal primes

The switch from that transaction was used for this transaction, which references the Wikipedia page on illegal primes, followed by two supposedly-illegal primes from that page.

The switch from that transaction was then used for the Wikileaks Cablegate messages, implying the same person was behind all these messages. It looks like someone was attempting to store a diversity of dodgy stuff in the Bitcoin blockchain, either to cause trouble or to make some sort of political point.

Email from Satoshi Nakamoto

Text in Bitcoin addresses

The very first option for putting text into an address is to test millions or billions of private keys by brute force in the hope of randomly getting a few characters you want in the public address. This generates a “vanity” address which is a valid working Bitcoin address. An example is Bitcoin Armory, which uses the donation address 1ArmoryXcfq7TnCSuZa9fQjRYwJ4bkRKfv . Note that only six desirable characters were found, and the rest are random. You can use the vanitygen command-line device or a website like bitcoinvanity to generate these addresses.

Many people have recently received lil’ spam payments from vanity addresses with the prefixes 1Enjoy. and 1Sochi. addresses. These payments don’t get confirmed by miners and the purpose of them is puzzling.

The 2nd option is to use whatever ASCII address you want (beginning with a one and ending with a six-character checksum). Since there is no known private key for this address, any bitcoins sent to this address are lost forever. Despite this, some addresses have received significant amounts: 1BitcoinEaterAddressDontSendf59kuE. has received over 1.6 bitcoins (over $1000). 1111111111111111111114oLvT2 (hex 0) has received almost three bitcoins.

A very strange activity is the large-scale deliberate “searing” of bitcoins by sending them to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr, where nobody can ever use them. Amazingly, this address has received over Two,130 bitcoins (about $1.Five million dollars worth) that are now lost forever. The motivation is that Counterparty is issuing their own crypto-currency (XCP) in exchange for demolished bitcoins. The idea is that “proof-of-burn” is a more fair way of distributing currency than mining.

Mysterious encrypted data in the blockchain

Inbetween June and September 2011, there were thousands of lil’ mystery transactions from a few addresses to hundreds of thousands of random addresses sorted in decreasing order. These transactions are for one to forty five Satoshis, and have never been redeemed. As far as I can tell, the data is totally random. But maybe there is a secret message in the addresses or in the amounts. In any case, someone went to a lot of work to do this, so there must be some meaning. [20]

One interesting thing is that the switch address from the cablegate description was then used for three eighty six kilobyte GPG-encoded files.[Legal] From the “magic numbers” at the beginning of these files I know that these are GPG files encrypted using CAST5, but what is in these files is a mystery. Without the passphrase, they can’t be decrypted.

By following the switch addresses, we can see that after submitting the “Satoshi” uploader and downloader, the same person submitted the Bitcoin PDF. The same person then submitted five mysterious files.[Nineteen] These files show up entirely random, so they may contain encrypted data.

Valentine’s day messages

How to put your own message in the blockchain

Summary

The notes to this article provides hashes for the interesting transactions, in case anyone wants to investigate further.

Notes and references

[1] Clients store the 16-gigabyte blockchain in the data directory. On Windows, this is C:\Users\userid\AppData\Wandering\Bitcoin . The blocks are stored in a sequence of one hundred twenty eight megabyte files blknnnnnn.dat . Syncing these files is why a utter Bitcoin client takes hours to commence up.

An effortless way to see the ASCII contents of the blockchain is to visit bitcoinstrings.com.

[Two] In the Bitcoin protocol, every mined block has a transaction that creates fresh bitcoins. Part of that transaction is an arbitrary coinbase field of up to one hundred bytes in the Script language. Normally the coinbase field has data such as the block number, timestamp, difficulty, and an arbitrary nonce number.

The utter coinbase in the genesis block is:

[Three] The message in the Genesis block is slightly different from the actual newspaper article: Chancellor Alistair Darling on brink of 2nd bailout for banks.

[Four] A brief overview of Bitcoin addresses will make this mechanism lighter to understand. Normally, you embark with a random 256-bit private key, which is necessary to redeem Bitcoins. From this, you generate a public key, which is hashed to a 160-bit address. This address is displayed in ASCII using a technology called Base58Check encoding. This ASCII address, such as 1LLLfmFp8yQ3fsDn7zKVBHMmnMVvbYaAE6 , is the address used for transferring Bitcoins. But inwards the transaction, the address is stored as the 160-bit (20 byte) hex value.

In normal use, you have no control over the 20-byte hex value used as an address. The trick for storing data in the transaction is to substitute the address with twenty bytes of data that you want to store. For example, the string This is my test data turns into the hex data ‘54686973206973206d7920746573742064617461’. If you send some bitcoins to that address, the bitcoins are lost forever (since you don’t have the private key matching that address), but your message is now recorded in the Bitcoin blockchain.

See my earlier article for details on how Bitcoin addresses are generated.

If you look at the very first ScriptPubKey of the very first transaction, the address is 3d79626567696e206c696e653d3132382073697a , which turns into the ASCII text =ybegin line=128 siz . If you do this for all the addresses, you get an ecoded file. This file turns out to be encoded in the obscure yEnc encoding, designed in two thousand one for transmitting binaries on Usenet. I hacked together some code to extract and decode the file, resulting in the bitcoin.jpg file shown above. There was some discussion of this logo in 2011, but I don’t know if anyone has actually extracted the photo until now.

[6] The prayers can be found in blk00003 and blk00004. Eligius is appropriately named after Saint Eligius the patron saint of goldsmiths and coin collectors. The Rickroll is here.

[7] For a while, the mysterious message /P2SH/ appeared in the coinbase field over and over. This string is an indication that the miner supports the pay-to-script-hash Bitcoin feature. The purpose of this was to ensure that more than 50% of the miners supported the feature before it was spinned out.

[8] The XSS attack demo is in transaction 59bd7b2cff5da929581fc9fef31a2fba14508f1477e366befb1eb42a8810a000. The JavaScript for the attack was put in the transaction’s output script. The blockchain.info website displays the contents of the output script, but evidently didn’t escape it as HTML. Thus, the contents <script> would not be displayed as text, but would be executed as part of the page. The demo only popped up an alert box, rather than running malicious JavaScript. The creator of the attack describes it on Reddit.

[9] A talk presents some details on the tribute (here). The data is in transaction 930a2114cdaa86e1fac46d15c74e81c09eee1d4150ff9d48e76cb0697d8e1d72. This tribute cost one BTC, 0.01 BTC per line.

[Ten] The Basic code is in block 3a1c1cc760bffad4041cbfde56fbb5e29ea58fda416e9f4c4615becd65576fe7, and it is stored in “uploader” format, with a donation to Satoshi’s genesis block address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.

Unluckily the code is a mess with GOSUBs without Comes back, violated loops, half-implemented ideas, and unused variables, so the code doesn’t work, which is disappointing. It’s a mystery why someone would put this BASIC code into the blockchain.

[11] The Rick Astley lyrics are in transaction d29c9c0e8e4d2a9790922af73f0b8d51f0bd4bb19940d9cf910ead8fbe85bc9b. This data is included using the OP_RETURN mechanism, which was later supported as a non-hacky way to put data into the blockchain.

[12] The third rickroll has the data encoded in a structured format, maybe from some music database. The data format is base-64 metadata base-64 lyrics The transaction is 0b4efe49ea1454020c4d51a163a93f726a20cd75ad50bb9ed0f4623c141a8008.

[13] The messaging system references “AtomSea & EMBII”, who I assume are the creators. The chain commenced with address 12KPNWdQ3sesPzMGHLMHrWbSkZvaeKZgHt with 0.269 BTC on 2013-12-01 23:54:35 Each output is 0.000055 bitcoins, just over the current network minimum of .0000546 bitcoin. The next transaction in the chain can be found by looking at each switch address, which pays for the next block. The chain ended when it ran out of bitcoins, at address 1DQwj8BDLWy9BMzX8uUcDYze3hx8q7uBy4 .

In total, the data chain has 85KB of data including pictures, random quotes, and HTML. The system embeds filenames, lengths, and the data. There are also a lot of transaction ids stored in the data, presumably serving as an index.

[14] The Two.Five megabyte Cablegate file was stored in one hundred thirty separate transactions each holding 20,000 bytes of data, transactions 5c593b7b71063a01f4128c98e36fb407b00a87454e67b39ad5f8820ebc1b2ad5 to 2663cfa9cf4c03c609c593c3e91fede7029123dd42d25639d38a6cf50ab4cd44#o6″. Each transaction includes a trivial 0.00000001 bitcoin donation to the Wikileaks donation address 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v . This data is stored in checksummed download device format.

[15] The cablegate description is in 691dd277dc0e90a462a3d652a1171686de49cf19067cd33c7df0392833fb986a, and is stored in “uploader” format. It’s a bit circular that this message describes where to find the download instrument, but the message itself needs the download device to be read. Fortunately it’s not too hard to read the message without the instrument.

In a nice touch, these transactions both donate 0.00000001 bitcoins to address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, which is Satoshi Nakamoto’s address from the Genesis Block.

[17] This transaction, 77822fd6663c665104119cb7635352756dfc50da76a92d417ec1a12c518fad69 has an unusual scriptPubKey: OP_IF OP_INVALIDOPCODE 4effffffff 1443 bytes of data OP_ENDIF .

Related video:

Glossary, Distributing Chains

Categories

Research into emerging political and geographical implications of blockchains

There are many glossaries out there which explain Bitcoin and blockchain technologies for the common user, but some of the governance aspects and more politicised elements of the systems are not often included as these are not rigorously necessary to understand in order to use the system. This glossary seeks to pack that gap and will be expanded upon via my research. Please do contribute or correct!

From time to time, when someone else’s entry is comprehensive, I might include it in utter – these are individually referenced. I have drawn from, amongst others Antonopoulos, Mastering Bitcoin, 2015, the Bitcoin.org vocabulary and Ethereum whitepaper.

Address

A Bitcoin address is similar to a physical address or an email. It is the only information you need to provide for someone to pay you with Bitcoin. You can use a different address for each transaction if you want. (bitcoin.org)

Bitcoin Improvement Proposal, a set of proposals that members of the bicoin community have submitted to improve bitcoin. (what is the selection process??)

Bit is a common unit used to designate a sub-unit of a bitcoin – 1,000,000 bits is equal to one bitcoin (BTC). With a current (date) value of one bitcoin at , and with a cap on the total number of bitoins in circulation, sub-units will be increasingly used in transactions. (bitcoin.org)

Bitcoin

Bitcoin – with capitalization, is used when describing the concept of Bitcoin, or the entire network itself

bitcoin – without capitalization, is used to describe bitcoins as a unit of account. e.g. “I sent ten bitcoins today.”; it is also often abbreviated BTC or XBT. (bitcoin.org)

Block

A block is a record in the blockchain that contains and confirms data. In the case of Bitcoin the block is marked with a timestamp and signature of the previous transaction and the block header is hashed to produce a proof of work, thereby confirming transactions.

Blockchain (blockchain and cipher block chaining, cbc)

The blockchain is a technology for validating and storing digital data in a distributed manner that aims to be independent of any intermediary or central authority. When referring to the Bitcoin Blockchain, this will be spelled with a capital B, lower case will be used when referring to blockchains in general, and block chain or cbc describes the method of cryptographic block chaining for various other purposes.

Confirmation

Confirmation means that a transaction has been processed by the network and is very unlikely to be reversed. Transactions receive a confirmation when they are included in a block and for each subsequent block. Six or more confirmations is considered sufficient proof that a transaction cannot be reversed. (bitcoin.org/ Antonopoulos)

Contract account (Ethereum)

An account that is managed by a contract code and that can send messages to other contract accounts

Cryptography

Cryptography is the branch of mathematics that lets us create mathematical proofs that provide high levels of security. Online commerce and banking already uses cryptography. In the case of Bitcoin, cryptography is used to make it unlikely for anybody to spend funds from another user’s wallet or to corrupt the blockchain. It can also be used to encrypt a wallet, so that it cannot be used without a password. (bitcoin.org)

Consensus rules

The basic rule set that the network has agreed to, including such things as the 21million total limit on bitcoin, the difficulty target for

mining, the size limit on each block and so on.

Cryptographic keypair

Cryptographic keys consists of a keypair taking advantage of the one-way mathematics of cryptography, so that only the holder of the private key is able to decrypt messages that have been encrypted with the public key. Furthermore, only the holder of the private key can generate a public signature that can be verified using the public key. This means you can share your public key widely, permitting people to encrypt their communication with you, while your private key ensures that only you can decrypt the messages.

Difficulty target

A difficulty at which all the computation in the mining network will find blocks approximately every ten minutes. (Antonopoulos)

Distributed Autonomous Organisation

A DAO is a bundle of clever contracts that run and execute functions independently of human involvement.

Dual Spend

If a malicious user attempts to spend their bitcoins to two different recipients at the same time, this is dual spending. Bitcoin mining and the blockchain are there to create a consensus on the network about which of the two transactions will confirm and be considered valid. (bitcoin.org)

Ether is the internal currency for the Ethereum system.

Externally possessed account (Ethereum)

An account that is managed by a keypair, similar to a bitcoin account

The sender of a transactions often includes a fee to the network for processing the requested transaction. Most transactions require a minimum fee of 0.5mBTC (Antonopoulos)

When a chunk of code is modified and is not included in the main assets of code. A fork can be incorporated back into the main code down the line, whereas a hard fork is not rearwards compatible.

Utter knot

A total knot checks transactions and blocks to see whether they conform with the consensus rules that have been installed before forwarding to other total knots and miners to include in the blockchain.

Gas (Ethereum)

When Ether is used to pay for transactions. While in Bitcoin each transaction costs more or less the same, in Ethereum, the transaction fee is dependent on the amount of computing needed for the utter transaction. Each transaction or message therefore has an amount of “startgas” included in order to pay for the execution of a function and as transaction fee that goes to the miner. The function will stop, or come back an error when it has run out of gas.

Genesis block

The very first block on a blockchain.

Hard fork

When a modification to a lump of code is no longer rearwards compatible with its source, thus creating a split inbetween users of the old code and those of the fresh.

Hashing

A hash function is a mathematical procedure that takes any type of data (also called a “message”) and produces an output, say a string of numbers and characters, of a given size. Importantly, the source data cannot be deduced from the output, while the same input will always reproduce that same output. These characteristics are common for all types of hashing functions. Bitcoin presently uses SHA-256 (which produces a 256bit output), however, cryptography requires constant innovation and updates in order to remain secure in the long-term (cf. Gupta, 2016; Silva, 2003)

Hash Rate

The hash rate is the measuring unit of the processing power of the Bitcoin network. The Bitcoin network must make intensive mathematical operations for security purposes. When the network reached a hash rate of ten Th/s, it meant it could make ten trillion calculations per 2nd. (bitcoin.org)

Message (Ethereum)

Apart from transactions, accounts can also send messages that can for example consist of a request to run a given lump of code. Contract accounts can thus send each other messages to run their contract code.

Mining/ miner

A miner confirms transactions and increases the security of the network by spending computing power to hash a valid proof-of-work for a block that can then be included in the blockchain. As prize, the miner receives a number of freshly created bitcoins as well as transaction fees.

Proof-of-stake

In Bitcoin validation of transactions take place through “proof-of-work” which is the task that miners do, in which your contribution of computing power to the network determines your level of say in the consensus process, in Ethereum, this instead takes place through proof-of-stake, and is dependent on your stake in the network, i.e. how much currency, or ether, you hold.

Private Key

A private key is a secret chunk of data that proves your right to spend bitcoins from a specific wallet through a cryptographic signature. Your private key(s) are stored in your computer if you use a software wallet; they are stored on some remote servers if you use a web wallet. Private keys must never be exposed as they permit you to spend bitcoins for their respective Bitcoin wallet. (bitcoin.org)

Proof-of-work

Proof-of-work is a chunk of data that on the one arm proves the expenditure of a certain amount of computational power through the mining process, as well as an underlying condition of participation so that your influence in the network is proportional to your computational expenditure. (Antonopoulos: A chunk of data that requires significant computation to find. In bitcoin, miners must find a “nonce”, in other words, a number that when hashed using SHA256 and the transactions has the result that meets the network-wide difficulty target that is adjusted every once in a while so that a proof-of-work is on average found every ten minutes.)

Prize

An amount included in each block as a prize to the miner for finding the proof-of-work, thus validating and securing the network. The prize is halved every once in a while to eventually reach zero when the limit of 21million bitcoins are in circulation.

Signature

A cryptographic signature is a mathematical mechanism that permits someone to prove ownership.

State

The status of all accounts at a given point in time. The blockchain is the mechanism that permits for decentralised consensus on the state, in the case of Bitcoin for example of all transactions in the network.

State transition

A switch from one state to another, as when a transaction takes place, requiring a fresh consensus process to take place across the network to agree on the fresh state

Transaction

A transfer of bitcoins from one address to another. However, addresses do not as such “hold” any bitcoin, rather, as put by Antonopoulos: a transaction is a signed data structure voicing a transfer of value. Transactions are transmitted over the bitcoin network, collected by miners, and included into blocks, made permanent on the blockchain.

Wallet

Software that holds your cryptocurrency addresses and secret keys. Use it to send, receive and store your cryptocurrencies.

Related video:

Fidelity becomes very first asset manager to join blockchain group IC3, Reuters

Fidelity becomes very first asset manager to join blockchain group IC3

Fresh YORK (Reuters) – Fidelity Investments Inc has become the very first financial institution to join the Initiative for CryptoCurrencies & Contracts, a group of academic institutions and technology companies looking to develop blockchain-based technology.

Fidelity Labs, the innovation arm of asset manager Fidelity, will be a member of IC3 along with Cornell University, University of California at Berkeley, University of Illinois at Urbana–Champaign, the Technion, IBM Corp and Intel Corp, the company said in a statement.

The Boston-based fund manager will collaborate with the group to develop blockchain programs to help make financial systems more efficient and secure.

Blockchain, which very first emerged as the system underpinning cryptocurrency bitcoin, is a distributed record of transactions that is maintained by a network of computers, rather than a centralized authority.

Over the past two years, financial institutions have been ramping up their investments in the technology in the hopes that it can help the make some of its processes simpler and cheaper. Potential use cases range from systems to manage international payments, to programs to lodge securities trades.

In a bid to accelerate development and adoption of blockchain, companies have been joining compels in several industry consortia and groups.

Banks have been more vocal about their efforts than asset managers, with most large lenders having joined a group led by Fresh York-based startup R3. Most recently a group of thirty companies, including several banks, launched a fresh blockchain consortium called the Enterprise Ethereum Alliance.

“What IC3 brings is that academic computer science legacy that can help us explore how this technology can be applied,” said Hadley Stern, senior vice president at Fidelity Labs, explaining why the asset manager had chosen the group.

Use cases the asset manager is interested include the settlement of repurchase agreements transactions, Stern said.

Despite the excitement around blockchain, the technology is still in its early days and proponents warn that it may take years before financial institutions can fully reap its benefits.

IC3, which is based at the Jacobs Technion-Cornell Institute at Cornell Tech in Fresh York City, conducts research aimed at developing blockchain that meets the standards needed to be deployed by businesses.

“Expected outcomes of our work include fresh blockchain and wise contract technologies that are secure, incrementally deployable, and efficient to meet the industry’s needs,” said Emin Gün Sirer, co-director of IC3 and a professor at Cornell University in Ithaca, Fresh York

Reporting by Anna Irrera; Editing by Lisa Shumaker

Related video:

Ethereum vs EOS Shots Fired On Reddit As Vitalik, Dan Larimer Clash

Ethereum vs EOS Shots Fired On Reddit As Vitalik, Dan Larimer Clash

Clash of the Titans over Ethereum or EOS as better

In a sort of nerdy Clash of the Titans, two of the fattest names in Blockchain technology are having a conversation on which of their two systems has better overall usability for transaction numbers.

Buterin opens

The very first in the ring was Buterin, who responded to an Ethereum Reddit thread post claiming that EOS was far superior to Ethereum because of the number of transactions and plasticity that Ethereum cannot suggest.

The Ethereum cofounder argued that EOS, Larimer’s brain child, while suggesting large numbers of transactions but through a system that eliminates the protections of Merkle proofs and makes it unlikely for regular users to audit the system unless they plan to personally run a utter knot.

He also argued that the nature of EOS decentralization through DPOS causes undue reliance on voting, which has proven problematic in the past with low voter turnout and little to no voter incentive.

Lastly, Buterin took issue with EOS fees, since transactions are linked directly to coins held, making it costly for poorer users:

“The poor, who are not interested in putting the entirety of their often very low savings into a funky fresh crypto asset in order to be able to use a Blockchain.”

Come back volley – Larimer responds

Larimer, for his part, addressed the difference with EOS and validation, stating that Ethereum is built more on a system of trust with the block producers, whereas EOS has a quicker and more elementary sync feature for those who are not producing total knots, making it lighter to validate.

Larimer also dealt with voter turnout, pointing out that measures have been taken to increase voter appearance and participation.

Ultimately, he addresses fees, noting that those who use the EOS chain generally have tokens beforehand, and that the usage to cost ratio will eventually stabilize because of market compels.

“Once again critiques of DPOS, EOS and STEEM are based upon flawed economic assumptions, misinformation and ignorance/denial of vulnerabilities in their proposed solutions.”

Importance for ICOs

The issue is significant because EOS is a means of dealing with some of the apparent weaknesses of Ethereum. Ethereum (per Buterin) is the better system, and he finds weaknesses within the EOS framework. Some of the debate will require widespread implementation in order to determine which system is correct.

Because of the dependence of ICOs and other Blockchain projects on a platform (presently intensely favoring Ethereum), EOS represents a fresh system that can permit for features that Ethereum does not. Buterin and Ethereum devotees, however, sees the fresh system as more flawed than the original.

The future of Blockchain technology and its use in the public sector is up in the air. These two companies are wrestling with each other for who will be the platform of choice as Blockchain resumes to increase in popularity and widespread use.

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ECommerce on the blockchain

eCommerce on the blockchain.

What would eCommerce look like if it were done on the blockchain?

eCommerce on the block chain would be an interesting animal. I’m not talking about an eCommerce shop that accepts bitcoin or even ethereum, a few of those already exist. I am talking about one that bakes the blockchain right into its very fabric. eCommerce could leverage so many properties of the blockchain to downright upend the existing models.

There are demonstrable wins eCommerce could build up from the blockchain but also some not so evident.

Most visible are the low fees. The current financial system causes money to bounce around a lot of companies and includes middle fellows just so it grounds from a customers mitts into the merchants. These middle guys all want a cut, one of the big advantages that the blockchain brings to the table is that the Two.9% in credit card fees vanish. That’s a tax you pay when you buy and sell anything on the internet today. That may not sound like much but in a game where competitors are bleeding each other dry and the margins are a few percentage points, that is make or break.

Other middlemen would vanish too. Another excellent property of the blockchain is programmable money, that makes certain assures. Multi-billion dollar companies exist precisely to assure that money moves forearms only when something has happened such as when a product bought online has been delivered, companies like PayPal for example exist purely because of this need. In the blockchain that is a few lines of code and as such those fees are gone too. This provides inherent benefits to anyone doing business online but especially to an eCommerce shop.

As an example of this sort of transaction, a customer could buy something using their digital wallet. Only when the item has been delivered, and a company like UPS sends the confirmation message, only then would the money be released to the merchants wallet. This entire thing would happen with almost no cost to the merchant or the buyer and no middlemen. Not to mention there are properties that the blockchain has that could be used to track the entire order the entire time.

Not so evident benefits.

A major property of the blockchain that is a big benefit but isn’t very visible to eCommerce is the radical transparency. The blockchain assures visibility. Transparency is a big problem for the brands and merchants that sell on the internet. Big marketplaces don’t want to share data and information partly because it gives them a competitive advantage. More often they can charge sellers a significant amount of money for information. The blockchain provides this out of the box; transactions are visible and brands and merchants can run their analytics. Obviously, efforts have to be made to make sure private identifiable information is not present but with the blockchain that is already a property one can lightly expand on.

As an engineer and a leader of other engineers, I have seen very first mitt many of the challenges eCommerce faces. Those challenges include sweeping competition and razor lean margins. Competitors are bleeding each other out and eCommerce is a massively capital intensive game. Problems of trust and transparency are almost always persistent, even when the best intentions are there, these problems can be eliminated by the blockchain.

Some other properties that the blockchain provides that, if implemented correctly, could massively help eCommerce are around marketing and growth. Building cash back and loyalty programs on the blockchain could be massively disruptive. Imagine if the loyalty points you got through these programs were just like cash, think eBates, but instead of waiting four months for a check in the mail, it was realtime and directly to your digital wallet. Imagine if brands could directly prize their loyal customers with real digital cash that they could then spend on anything and anywhere. The network effects for early entrants from this property on the space could be massive, meaning people need a place to spend their digital cash and early entrants benefit from this.

Other benefits for eCommerce are around advertising channels. Imagine if customers got paid a few pennies for witnessing things and a few more for clicking on those things and then eventually even more for buying those things. Imagine if customers got paid rather than companies like Google and Facebook. Some of what I’m telling sounds like a spread, but it’s not. Every fine brand and merchant has some sort of loyalty and prizes program and every one of them pays for advertising to companies like Google and Facebook. Why pay the middlemen when you can prize your customers directly?

Imagine a referral program on the blockchain. For every fresh customer referred to your site, programmable digital money on the blockchain could automatically flow to those referring you fresh customers, building tiered systems on this where the more you refer the more you make would be a sinch and delightful to those doing the referring.

How about an affiliate program? Something like an Amazon Associates, how could that benefit from the blockchain? All of the reporting for publishers could exist right in the open and on the chain, again assured transparency. Realtime money for every purchase you refer from your content, blogs and articles, baked in as a clever contract means content providers get paid instantaneously. These sound like petite benefits, but they are not. Much like the early internet what might seem like subtle but puny differences today will have outsized consequences tomorrow for competitors not doing it this way.

Logistics and identifying the items being sold is another ample help the blockchain could provide to eCommerce. Matching products, meaning if two things are the same is a massive problem; just search for apple laptops on Amazon and you will see hundreds of listings with MacBooks in them, apple does not have hundreds of models of laptops. A single ID that merchants and brands could subscribe for could help all of commerce, online and offline. Right now lots of different IDs exist. Here are a few: GTIN, UPC, ISBN, ISBN13, on and on and on. The blockchain can fix all of that and everyone would benefit. At the end of the day everyone has the same purpose, to sell more things.

Almost anything done today could be made better in eCommerce using the right blockchain and some thought.

The unknowns.

In my opinion, something that isn’t very often discussed about this sort of technology are the unknowns. Those things we will detect later and only by building things on this technology. No one knows what the network effects will be of this technology yet. As more people have access to it and embark to understand it the early entrants will be enriched by that, for eCommerce this means people need a legitimate place to spend these coins as they commence getting exposed to them. Most of the places one can spend this digital money right now are not legitimate, no one knows the size of that network effect yet but if the internet is any indication it’s going to be massive.

A killer application that makes this so effortless to understand and use will arrive because there is money to be made here. Everyone involved will be enriched by this, especially the consumers.

Now this isn’t about ethereum or bitcoin or any “altcoin”, those things that are alternative coins, for that matter. eCommerce can use this technology even if this evolves downright and in any direction in ten years, the properties I mentioned stand true regardless of which coin is the one. In fact one could construct a blockchain just for eCommerce, that can include properties I haven’t even thought of yet, because it is a big enough and significant enough market.

Ultimately it remains to be seen what will happen with this technology and how it will evolve, there are still significant questions to be answered. One thing is becoming certain to me, and that is that the next Amazon or Alibaba will have the blockchain baked into its fabric.

Hacker Noon is how hackers embark their afternoons. We’re a part of the @AMIfamily. We are now accepting submissions and glad to discuss advertising & sponsorship opportunities. To learn more, read our about page, like/message us on Facebook, or simply, tweet/DM @HackerNoon. If you loved this story, we recommend reading our latest tech stories and trending tech stories. Until next time, don’t take the realities of the world for granted!

ECommerce on the blockchain

eCommerce on the blockchain.

What would eCommerce look like if it were done on the blockchain?

eCommerce on the block chain would be an interesting animal. I’m not talking about an eCommerce shop that accepts bitcoin or even ethereum, a few of those already exist. I am talking about one that bakes the blockchain right into its very fabric. eCommerce could leverage so many properties of the blockchain to downright upend the existing models.

There are demonstrable wins eCommerce could build up from the blockchain but also some not so demonstrable.

Most visible are the low fees. The current financial system causes money to bounce around a lot of companies and includes middle guys just so it grounds from a customers forearms into the merchants. These middle fellows all want a cut, one of the big advantages that the blockchain brings to the table is that the Two.9% in credit card fees vanish. That’s a tax you pay when you buy and sell anything on the internet today. That may not sound like much but in a game where competitors are bleeding each other dry and the margins are a few percentage points, that is make or break.

Other middlemen would vanish too. Another good property of the blockchain is programmable money, that makes certain assures. Multi-billion dollar companies exist precisely to ensure that money moves arms only when something has happened such as when a product bought online has been delivered, companies like PayPal for example exist purely because of this need. In the blockchain that is a few lines of code and as such those fees are gone too. This provides inherent benefits to anyone doing business online but especially to an eCommerce shop.

As an example of this sort of transaction, a customer could buy something using their digital wallet. Only when the item has been delivered, and a company like UPS sends the confirmation message, only then would the money be released to the merchants wallet. This entire thing would happen with almost no cost to the merchant or the buyer and no middlemen. Not to mention there are properties that the blockchain has that could be used to track the entire order the entire time.

Not so demonstrable benefits.

A major property of the blockchain that is a big benefit but isn’t very evident to eCommerce is the radical transparency. The blockchain assures visibility. Transparency is a big problem for the brands and merchants that sell on the internet. Big marketplaces don’t want to share data and information partly because it gives them a competitive advantage. More often they can charge sellers a significant amount of money for information. The blockchain provides this out of the box; transactions are visible and brands and merchants can run their analytics. Obviously, efforts have to be made to make sure individual identifiable information is not present but with the blockchain that is already a property one can lightly expand on.

As an engineer and a leader of other engineers, I have seen very first arm many of the challenges eCommerce faces. Those challenges include impetuous competition and razor lean margins. Competitors are bleeding each other out and eCommerce is a massively capital intensive game. Problems of trust and transparency are almost always persistent, even when the best intentions are there, these problems can be eliminated by the blockchain.

Some other properties that the blockchain provides that, if implemented correctly, could massively help eCommerce are around marketing and growth. Building cash back and loyalty programs on the blockchain could be massively disruptive. Imagine if the loyalty points you got through these programs were just like cash, think eBates, but instead of waiting four months for a check in the mail, it was realtime and directly to your digital wallet. Imagine if brands could directly prize their loyal customers with real digital cash that they could then spend on anything and anywhere. The network effects for early entrants from this property on the space could be massive, meaning people need a place to spend their digital cash and early entrants benefit from this.

Other benefits for eCommerce are around advertising channels. Imagine if customers got paid a few pennies for eyeing things and a few more for clicking on those things and then ultimately even more for buying those things. Imagine if customers got paid rather than companies like Google and Facebook. Some of what I’m telling sounds like a spread, but it’s not. Every good brand and merchant has some sort of loyalty and prizes program and every one of them pays for advertising to companies like Google and Facebook. Why pay the middlemen when you can prize your customers directly?

Imagine a referral program on the blockchain. For every fresh customer referred to your site, programmable digital money on the blockchain could automatically flow to those referring you fresh customers, building tiered systems on this where the more you refer the more you make would be a sinch and delightful to those doing the referring.

How about an affiliate program? Something like an Amazon Associates, how could that benefit from the blockchain? All of the reporting for publishers could exist right in the open and on the chain, again ensured transparency. Realtime money for every purchase you refer from your content, blogs and articles, baked in as a wise contract means content providers get paid instantaneously. These sound like petite benefits, but they are not. Much like the early internet what might seem like subtle but puny differences today will have outsized consequences tomorrow for competitors not doing it this way.

Logistics and identifying the items being sold is another ample help the blockchain could provide to eCommerce. Matching products, meaning if two things are the same is a massive problem; just search for apple laptops on Amazon and you will see hundreds of listings with MacBooks in them, apple does not have hundreds of models of laptops. A single ID that merchants and brands could subscribe for could help all of commerce, online and offline. Right now lots of different IDs exist. Here are a few: GTIN, UPC, ISBN, ISBN13, on and on and on. The blockchain can fix all of that and everyone would benefit. At the end of the day everyone has the same objective, to sell more things.

Almost anything done today could be made better in eCommerce using the right blockchain and some thought.

The unknowns.

In my opinion, something that isn’t very often discussed about this sort of technology are the unknowns. Those things we will detect later and only by building things on this technology. No one knows what the network effects will be of this technology yet. As more people have access to it and begin to understand it the early entrants will be enriched by that, for eCommerce this means people need a legitimate place to spend these coins as they commence getting exposed to them. Most of the places one can spend this digital money right now are not legitimate, no one knows the size of that network effect yet but if the internet is any indication it’s going to be massive.

A killer application that makes this so effortless to understand and use will arrive because there is money to be made here. Everyone involved will be enriched by this, especially the consumers.

Now this isn’t about ethereum or bitcoin or any “altcoin”, those things that are alternative coins, for that matter. eCommerce can use this technology even if this evolves totally and in any direction in ten years, the properties I mentioned stand true regardless of which coin is the one. In fact one could construct a blockchain just for eCommerce, that can include properties I haven’t even thought of yet, because it is a big enough and significant enough market.

Ultimately it remains to be seen what will happen with this technology and how it will evolve, there are still significant questions to be answered. One thing is becoming certain to me, and that is that the next Amazon or Alibaba will have the blockchain baked into its fabric.

Hacker Noon is how hackers begin their afternoons. We’re a part of the @AMIfamily. We are now accepting submissions and glad to discuss advertising & sponsorship opportunities. To learn more, read our about page, like/message us on Facebook, or simply, tweet/DM @HackerNoon. If you liked this story, we recommend reading our latest tech stories and trending tech stories. Until next time, don’t take the realities of the world for granted!

Related video:

Damian Żukiewicz – Inwestowanie, Zarobiłem w Internecie eleven milionów PLN

Damian Żukiewicz – Inwestowanie

BitClub Network – Statystyki – SIERPIEŃ

Takie pytania bardzo często pojawiają się głównie od początkujących osób, które dopiero zaczynają się interesować tematem wydobycia kryptowalut oraz związanymi z nim inwestycjami. Poniżej więc kilka faktów na temat działania kopalni oraz pomocny i rzetelny filmik – za przygotowanie dziękuję jednemu z członków ekipy B3TEAMKrzysztof Pelczarski DZIĘKI za to co robisz !

Kopalnia BitClub Network działa od kwietnia two thousand fifteen roku i od tego czasu niezmiennie znajduje się w pierwszej dziesiątce kopalni BitCoinów na świecie.

W poniższym filmie zobaczysz statystyki kopalni za miesiąc SIERPIEŃ 2017 roku. Kopalnia wydobyła przez ten okres dokładnie 188 bloków.

Każdy blok to 12,Five BTC + opłata transakcyjna. W sierpniu opłaty wynosiły od 1,Five do nawet Five BTC na blok. Uśrednijmy to jednak i załóżmy, że jeden wydobyty blok wraz z opłatami to 15,Five BTC.

Zatem 15,Five BTC * 188 wydobytych bloków daje nam 2914 wydobytych Bitcoinów w ciągu miesiąca.

To z kolei daje nam Bitcoiny o wartości 13.570.498$! (TRZYNAŚCIE I PÓŁ MILIONA DOLARÓW) wydobytych przez kopalnię.

Przeliczając to wg obecnego kursu dolara (Three,56zł) otrzymamy wynik blisko 50 milionów złotych. Część tych pieniędzy przeznaczana jest na eksploatację, natomiast większa część przeznaczona jest dla inwestorów posiadających zakupione pule wydobywcze.

Jeśli nadal zastanawiasz się nad inwestycją w Bitcoiny, sprawdź dlaczego warto wykupić udziały właśnie w kopalni BitClub Network na poniższym movie.

➙ SUBSKRYBUJ kanał YouTube Krzyśka i dołącz do B3TEAM !

Warto jeszcze raz podkreślić, że inwestycja w kopalnię i pule wydobywcze może zapewnić Ci dochód pasywny – a więc raz zainwestowane pieniądze pracują na Ciebie przez kolejne kilka lat, a Ty w tym czasie nie musisz NIC robić! Bez względu na to gdzie jesteś i czym się zajmujesz, będziesz otrzymywał przychody z wydobywania Bitcoinów!

BitCoin, Ethereum, Zcash czy Monero? W którą kryptowalutę najlepiej zainwestować własne pieniądze?

Zainwestowaliśmy już grubo ponad $1 MILION w kopanie BitCoin!

Zainwestowaliśmy już one MILION DOLARÓW w kopanie BitCoinów!

W tym wpisie dowiesz się czym jest oraz jak rozpocząć inwestycję w kopanie kryptowalut (BitCoin, Ethereum, Ethereum Classic, zCASH i inne).

Najpierw wykonaj three proste kroki opisane poniżej, a następnie oglądnij uważnie każdy materiał movie zamieszczony na tej stronie.

Three proste kroki do dokonania pierwszej inwestycji w pule wydobywcze BitCoin

  1. Załóż konto na giełdzie BitBay ➙ kliknij tutaj aby założyć darmowe konto
  2. Załóż portfel w serwisie BlockChain ➙ kliknij tutaj aby założyć darmowe konto
  3. Zarejestruj się w kopalni BitCoin ➙ kliknij tutaj aby się zarejestrować

Wszystkie three kroki dokładnie wyjaśnione są na filmie „Movie 1” poniżej.

Movie one – Jak kupić BitCoiny oraz pulę wydobywczą BitCoin?

Dlaczego warto inwestować w wydobycie (kopanie) kryptowalut?

GWARANTOWANY BONUS dla Ciebie na Embark!

„Bogaty Ojciec, Biedny Ojciec” w PREZENCIE dla Ciebie

Odbierz także → GWARANTOWANY BONUS four hundred zł. + książki na Embark, dzięki któremu znacznie szybciej osiągniesz zarobki na poziomie minimum Three.000 zł. miesięcznie z pracy w Internecie.

Nasz zespół B3TEAM to grupa wsparcia, która POMOŻE TOBIE rozpocząć INWESTYCJE w INTERNECIE. Dzięki naszej pomocy Twój commence będzie BARDZO PROSTY i co ważne BEZPIECZNY.

Damian Żukiewicz i Michał Wawrzyniak (Kołcz Majk) NAJLEPSI na ŚWIECIE w Rankingach FutureAdPro

Decyzje inwestycyjne i biznesowe podejmuj zawsze samodzielnie

WAŻNE! Nota prawna. Ryzyko inwestycyjne.

Przed przystąpieniem do jakiegokolwiek z programów zarabiania w internecie, zapoznaj się dokładnie zasadami jego działania. Zasady, regulaminy i inne ważne informacje znajdziesz na stronie internetowej każdego z programów do którego zechcesz przystąpić.

Zapoznaj się także z całą zawartością strony ➙ zukiewicz.com/ZASADY (tekst, movie i odnośniki), a jeśli nie rozumiesz któregoś z pojęć, udaj się do prawnika i licencjonowanego doradcy finansowego.

Pamiętaj, że decyzje o zarabianiu (inwestowaniu) podejmujesz zawsze samodzielnie. Tylko Ty odpowiadasz za podjęte przez siebie działania inwestycyjne i biznesowe.

Strona internetowa ZUKIEWICZ.com to prywatny blog poświęcony edukacji finansowej.

Treść artykułów, wszelkich tekstów, prezentacji, nagrań audio i movie w domenie i subdomenach: zukiewicz.com mają wyłącznie charakter informacyjno-edukacyjny. Nie stanowią „rekomendacji” w rozumieniu przepisów zawartych w Rozporządzeniu Ministra Finansów z dnia Nineteen.Ten.2005r. w sprawie informacji stanowiących rekomendacje dotyczące instrumentów finansowych lub ich emitentów (Dz. U. z 2005r. Nr 206, poz. 1715).

Zgodnie z powyższym autor nie ponosi jakiejkolwiek odpowiedzialności za decyzje inwestycyjne podejmowane na podstawie treści zawartych w materiale jak i jakichkolwiek materiałach instruktażowych.

Zarabianie i pomnażanie pieniędzy czyli wszelkiego rodzaju inwestycje: nieruchomości, giełda papierów wartościowych, giełdy walutowe, krytptowaluty, biznesy typu START-UP, forex, lokaty bankowe, fundusze inwestycyjne i każdy inny rodzaj inwestycji oraz działalności gospodarczej, wiąże się z ryzykiem utraty całości zainwestowanego kapitału.

Dołącz do B3TEAM – Napisz do mnie prywatną wiadomość

Zarabiasz w FutureNet i BitClub? Lecisz za DARMO na Dominikanę z B3TEAM!

Lecimy na Dominikanę!

Ty, Twoja rodzina i znajomi, możecie latać z nami ZA DARMO z zespołem B3TEAM, aż four razy w roku (luty, kwiecień, październik i grudzień).

Wycieczkę na Dominikanę organizuje jak zwykle ➙ biuro podróży Tropical Sun

Jak zakwalifikować się na egzotyczną wycieczkę B3TEAM na Dominikanę?

Honolulu, Hawaje 2017

Kwalifikacje na darmową wycieczkę z zespołem B3TEAM, są różne. Każdy z liderów naszego zespołu ustala warunki według swojego uznania.

Poniższe instrukcje kwalifikacji przeznaczone są dla osób, które chcą współpracować z nami (Damian i Kasia ŻUKIEWICZ) w programach partnerskich takich jak FutureNet i FutureAdPro oraz BitClub.

Jeśli spełnisz warunki opisane poniżej możesz lecieć wraz swoim małżonkiem i dziećmi na wycieczkę zupełnie za darmo.

Zobacz gdzie lecimy w październiku 2017

To będzie nasz rejs katamaranem na Dominikanie

Tak będziemy wypoczywać na Dominikanie

Możesz lecieć z nami na three sposoby:

  1. Całkowicie za DARMO
  2. My płacimy 50% ceny wycieczki
  3. Sam płacisz za wycieczkę

Jak zakwalifikować się na wycieczkę B3TEAM na Dominikanę całkowicie za DARMO?

Możesz to zrobić na two sposoby:

  • Posiadaj status FOUNDER czyli każdą z three pul wydobywczych BitCoin
  • Zdobądź rangę BUILDER czyli zaproś do swojego zespołu five osób i pomóż każdej z nich zaprosić do ich zespołów tylko po two osoby
  • Aktywuj się na pozycji ROYAL w FutureNet
  • Posiadaj minimum 250 własnych paczek reklamowych w FutureAdPro
  • Posiadaj minimum 250 paczek reklamowych w swojej pierwszej lini w FutureAdPro

Jak polecieć na wycieczkę za 50% ceny?

Wystarczy, że spełnisz jeden z poniższych punktów:

  • Posiadaj status FOUNDER czyli każdą z three pul wydobywczych BitCoin
  • Zaproś do swojego zespołu three osoby i pomóż każdej z nich zaprosić do ich zespołów tylko po two osoby
  • Aktywuj się na pozycji ROYAL w FutureNet
  • Posiadaj minimum 150 własnych paczek reklamowych w FutureAdPro
  • Posiadaj minimum 150 paczek reklamowych w swojej pierwszej lini w FutureAdPro

Możesz też sam zapłacić za wycieczkę i lecieć z nami na niezapomniane wakacje!

Wykonaj proste kroki i lecisz na Dominikanę z zespołem B3TEAM

Krok 1

Pierwszym krokiem jest rejestracja w programach oraz w portalach i aplikacjach, które niezbędne są do zarabiania w Internecie.

Zdjęcia do video-klipu „BitCoin – drHAJS feat. drZIUBER” // Dubai 2016

  1. Załóż konto w portalu GMAIL.com (jeśli już masz to nie zakładaj kolejnego). Dzięki temu otrzymasz najlepszą pocztę e-mail, konto na YouTube, konto w portalu GooglePlus i dostęp do wielu narzędzi potrzebnych w zarabianiu on-line. Wykonaj ten krok jako pierwszy bo konto na gmail’u będzie Ci niezbędne do wykonania kolejnych kroków.

Kliknij i SUBSKRYBUJ!

Zaloguj się na swoje konto w YouTube (używając przed chwilą założonego przez Ciebie konta na gmail.com). Teraz ➙ kliknij TUTAJ aby SUBSKRYBOWAĆ mój kanał YouTube. Na tym kanale przekazuje najważniejsze informacje dotyczące bezpiecznego zarabiania w internecie, stąd moja prośba o subskrybowanie kanału.

  • Kliknij link ➙ BitBay.info i załóż swoje konto w portalu, dzięki któremu będziesz mógł kupować i sprzedawać waluty internetowe (kryptowaluty) oraz zarabiać na wzroście ich wartości (BitCoin, Ethereum, Lisk i inne). Zakładając konto podaj swoje prawdziwe dane osobowe i potwierdź rejestrację klikając w link aktywacyjny, który zostanie wysłany na Twój adres e-mail, który założyłeś na samym początku. Więcej o BitBay przeczytasz tutaj.
  • Polub i obserwuj stronę ➙ Zarabianie i Inwestycje w Internecie na FaceBook
  • Krok Two

    1. Załóż konto w portalu społecznościowym FutureNet klikając TERAZ tutaj ➙ zukiewiczcom.futurenet.club – Dzięki rejestracji otrzymasz także dostęp do programu FutureAdPro. Rejestrując się używaj swoich prawdziwych danych osobowych, bo firma dzieli się swoimi zyskami tylko i wyłącznie ze zweryfikowanymi osobami.
    2. Załóż konto w kopalni BitCoin oraz innych kryptowalut (Ethereum, zCash i inne) klikając teraz tutaj ➙ BitClubNet.org

    Zapoznaj się dokładnie z wszelkimi informacjami o programach dzięki którym będziesz zarabiał w Internecie.

    Krok Three

    FutureNet i FutureAdPro

    Aktywuj się na pozycji ROYAL w FutureNet

    Posiadaj minimum 250 własnych paczek reklamowych w FutureAdPro

    Posiadaj minimum 250 paczek reklamowych w swojej pierwszej lini w FutureAdPro

    FutureNet – Kwalifikacja na darmową wycieczkę B3TEAM

    BitClub Network

    Jeśli nie posiadasz two hundred fifty paczek reklamowych w FutureAdPro, to możesz zakwalifikować się na wycieczkę spełniając warunki w kopalni BitCoin.

    Zdobądź rangę BUILDER oraz posiadaj status FOUNDER w BitClub

    Osiągnij rangę BUILDER, a otrzymasz wycieczkę na Dominikanę w prezencie

    Możesz polecieć z nami za 50% ceny!

    Zapłacimy Tobie 50% ceny wycieczki na Dominikanę. Musisz posiadać tylko status FOUNDER oraz zaprosić do BitClub minimum three osoby, które zaproszą do swojego zespołu tylko po two osoby.

    Dominikana za 50% ceny

    Możesz też skorzystać z wyjazdu na Dominikanę za 50% ceny, posiadając 150 paczek reklamowych własnych w programie FutureAdPro oraz 150 paczek reklamowych w swojej pierwszej lini.

    Zapłacimy połowę ceny Twojej wycieczki na Dominikanę

    Jeśli nie kwalifikujesz się jeszcze na darmowe wakacje, to zapytaj mnie o dopłatę 50% do Twojej wycieczki z B3TEAM.

    Nie pytajcie mnie jak osiągnąć sukces. Najpierw powiedzcie mi, czy dacie radę go znieść.

    Czy Ty to zniesiesz?

    To będzie na początku niewidzialne, ale potem już nie da się temu zaprzeczyć. Dotknie Cię, kopnie Cię, zawiedzie i przeora, ale jeśli to zrozumiesz dasz radę.

    Najpierw, gdy zaczniesz zarabiać nieco więcej, znajomi będą się spodziewali, że zafundujesz drinka. Gdzieś, między słowami, pojawią się małe docinki, że teraz to byś mógł wspomóc, bo Ci się powodzi. Najpierw tego nie zauważysz…

    Event NetLeaders – Dubaj 2016.

    Gdy zbudujesz więcej mięśni i urosną Ci barki, poszerzą plecy i zmniejszy pas, kolegom, z którymi wcześniej piłeś piwo, przyjdzie do głowy, by się z Tobą siłować na rękę. „Jakaś dziwna prowokacja jedna za drugą, po co?” – pomyślisz sobie. Ponieważ dbasz o siebie, kupisz sobie nowe ciuchy i więcej kosmetyków. Kolega zobaczy, gdzieś w kuluarach pojawi się słowo „ciota”. Laluś.. Ale Ty nie jesteś ciotą ani lalusiem, Ty po prostu zacząłeś dbać o swój wygląd.

    Ponieważ sukces to naczynia połączone, dostajesz podwyżkę w pracy i awans na nowe stanowisko… Nagle odsuwają się koleżanki, zaczynają Cię unikać, ktoś mówi że przespałaś się z szefem. Ty wiesz, że się nie przespałaś, wiesz, że pracowałaś po kilkanaście godzin na dobę, gdy one chodziły na imprezy i plotkowały o wszystkich poza sobą. Ale to nie ma znaczenia, stałaś się firmową dziwką. A Ty za to, jako mężczyzna musiałeś mieć plecy – na pewno znajomości Cię wprowadziły na nową półkę. Ty wiesz, że zrobiłeś kilka takich deali, jakich nie potrafił nikt inny, że musiałeś wejść na inną półkę bo zarobiłeś dla szefa ogromne pieniądze. To i tak nie ma znaczenia…

    Przepis na sukces? Motywacja, pełne zaangażowanie, poświęcenie i DZIAŁANIE!

    Potem jest tylko gorzej.

    Wyglądasz coraz lepiej, idziesz po ulicy i wyglądasz jak przysłowiowy milion dolarów i kobieta, idąca ze swoim facetem, zwraca na Ciebie uwagę. Dla niego – jej partnera – jesteś dupkiem, ponieważ on w niczym nie przypomina Ciebie. On jest gruby, pachnie wczorajszą wódką, a Ty ćwiczysz 5x w tygodniu i kupujesz ciuchy na miarę. Rodzina Ci mówi: to za drogie, nie kupuj tyle, przecież Ci to nie jest potrzebne. Tłumaczysz im, że po to pracujesz, by sobie kupować to, na co masz ochotę, że spełniasz swoje marzenia, że kreujesz życie, jakie chcesz. I mówisz to, i rozumiesz coraz bardziej… Oni Cię nie rozumieją.

    Albo idziesz w pięknej spódnicy, z rozpuszczonymi włosami, dumna z tego jak wyglądasz. Wysiadasz z drogiego auta, mąż kobiety, idący z nią naprzeciwko, zaczyna się na Ciebie patrzeć, udając, że nie. „Dziwka!” – syknęła żona, poprawiając stary sweter kupiony na wyprzedaży (bo szkoda pieniędzy) i włosy z odrostami, których on nienawidzi, bo to jedyny sposób, by uchronić obraz siebie, jaki ona widzi w Tobie. Obraz takiej siebie, jakiej zawsze pragnęła.

    Z moją kochaną Katie :* Zawsze razem.

    Potem zaczynasz odnosić kolejne sukcesy i zarabiasz znacznie więcej. Kupujesz sobie luksusowy samochód i jedziesz nim, dumny, po ulicach. Na pasach ktoś wytyka Cię palcem, inny pluje na maskę. Na tym etapie boli Cię tak samo jak kiedyś, tyle że już zaczynasz pojmować. Uosabiasz wszystko to, czego oni nie mają. Jesteś bardziej znany, nagle ludzie, którzy Cię nie znają, zaczynają mieć opinie na Twój temat. Jesteś złodziejem, manipulantem, kombinatorem, wyzyskiwaczem. Dorabiasz się kosztem innych, którym powinieneś przecież oddać swoje pieniądze. To, co masz, nie jest zasługą Twojej inteligencji ani ciężkiej pracy, nieprzespanych nocy, gdy inni balowali, zimnych poranków, gdy biegałeś na mrozie, a inni smacznie spali. Przyjaciele odsunęli się od Ciebie, byłeś jakiś taki sztywny, jak nie chciałeś z nimi pić piwa. Rodzina Ci mówi, że musisz ciągle uważać. I wiesz, że głupotą byłoby chowanie się pod brzydkim ciuchem, by jakiś zakompleksiony facet Ci nie ubliżał, albo jeżdżenie gorszym samochodem, by udawać że jesteś normalny.

    Miejsce pełne miłości, wolności oraz pozytywnej energii – Hawaje 2017.

    W restauracji zwracasz uwagę kelnerowi, że jedzenie nie jest dobrze przygotowane i naturalnie prosisz o wymianę. Słyszysz z tyłu: czepialski dupek. I nie rozumiesz, jak można nie zwrócić uwagi przedsiębiorcy będąc klientem, że może usprawnić swój biznes, przecież jesteś klientem i masz prawo być najlepiej obsłużony.

    Przecież musi być coś z Tobą nie tak…

    I jest. Jesteś emanacją pełni ludzkiego potencjału. Jesteś materialnie bogaty, jesteś piękny i dumny ze swego ciała. Jesteś mądry i z pokorą potrafisz przyjmować wiedzę. Cieszysz się prezentami od Boga wiedząc, że świat to dar dla Ciebie, że możesz zarabiać ile chcesz, pracować z kim chcesz, mieć co chcesz. Jesteś okazem zdrowia, demonstracją nadludzkich możliwości. Jesteś zabawny, miły, sympatyczny. Potrafisz przyznać się do swoich wad i przeprosić, gdy kogoś zranisz. Nie masz potrzeby bycia idealnym, masz potrzebę wzrostu i obfitości.

    Jedno z moich ulubionych miejsc na ziemi – Mauritius 2017.

    I będąc tym wszystkim, pokazujesz każdemu kto taki nie jest (99% innych ludzi) kim można się stać. Krzyczysz do nich każdym zakupem, krokiem, słowem: Wy też możecie! I jakiś promil Cię posłucha i ciężką pracą i samozaparciem pójdzie. Inni pozostaną z wyborem: uznać to jaki jesteś Ty za wielkie i samemu wziąć się do roboty, albo zniszczyć Cię, zdewaluować, by usprawiedliwić przed sobą samym własne lenistwo, braki, chamstwo, lęki. A nade wszystko: czy jesteś w stanie znieść sukces, bo im wyżej będziesz, tym bardziej będziesz bity.

    Nie pytajcie mnie jeszcze, jak osiągnąć sukces. Najpierw powiedzcie mi, czy dacie radę go znieść. To, że będąc bogatym staniesz się w oczach większości złodziejem. To, że mało kto zauważy Twoją ciężką pracę i będzie mówił, że miałeś fuksa albo kombinowałeś. To, że nie będziesz tolerować głupich zachowań swego partnera i odważysz się powiedzieć mu, że ma się zabrać do roboty. To, że przestaniesz tolerować średni serwis w restauracjach i zaczniesz domagać się lepszości, bo wiesz, że człowieka stać na więcej. Powiedz mi, czy dasz radę znieść, gdy będą wyzywali osoby Ci bliskie, które dostają w dupę tylko dlatego, że są Ci bliskie i powiedz mi, czy będziesz umiał odpuścić negatywnym emocjom i być dalej skupiony na swej misji.

    Najważniejsza :* ! – Teneryfa 2017.

    Jeśli dasz radę ze wszystkim powyżej, to wtedy zapytaj mnie o sukces.

    I pamiętaj – na górze boli tylko bardziej.

    Ale siła – którą ta góra dodaje – sobie z tym poradzi.

    Wspinaj się na nią ze mną.

    Love&Freedom – Fuerteventura 2017.

    Mateusz GrzesiakDZIĘKUJĘ kolejny raz za tak wartościowy, motywujący, ale jakże prawdziwy tekst. Zdecydowana większość ludzi nie ma pojęcia jak jest „na górze” i że za sukcesem kryją się lata pracy, zaangażowania, poświęcenia oraz wielu chwil załamania i porażek. Więc, czy na pewno jesteś gotowy, by znieść SUKCES?

    Mateusz Grzesiak – Najlepszy z Najlepszych!

    BitClub Network – najważniejsze informacje sierpień two thousand seventeen

    Z poniższego wpisu dowiecie się co aktualnie dzieje się w jednej z najlepszych kopalni krytptowalut na świecie – BitClub Network oraz jakie zmiany czekają nas, użytkowników kopalni w niedalekiej przyszłości.

    Bez wątpienia to najlepszy czas, aby rozpocząć inwestycję w kryptowaluty – nie przegap szansy i zainwestuj w swoją przyszłość już dziś!

    Warto śledzić wszystkie informacje oraz newsy, które znajdziemy na oficjalnej stronie BitClub Network oraz w mailach przesyłanych regularnie do wszystkich członków kopalni. Oczywiście najnowsze informacje czy planowane zmiany zawsze znajdziecie także na moim blogu – kolejny raz proszę byście sami przekazywali na bieżąco newsy wszystkim swoim poleconym ��

    Za oba filmiki, które możecie zobaczyć w poniższym wpisie BARDZO DZIĘKUJĘ Krzysztofowi – „Czaku” Jesteś Najlepszy �� ➙ SUBSKRYBUJ kanał YouTube Krzyśka i dołącz do B3TEAM !

    Najważniejsze zagadnienia poruszane w poniższym movie:

    • przyrost nowych użytkowników jest wręcz oszałamiający w ostatnim czasie, a tym samym może niedługo braknąć puli wydobywczych! Nie zmarnuj więc swojej szansy na pasywny przychód i kup udział w BitClubie już dziś !
    • zestaw Founder dla puli GPU został naprawiony i wszystkie zaległe naliczenia trafiły już na konta użytkowników,
    • wypłaty BitCoin Cash są już realizowane,
    • obowiązuje całkowicie nowy skrypt przyznawania rang!
    • BONUS za osiągnięcie rangi MEGA MONSTER BUILDER
    • zamykanie kont działających na terenie Stanów Zjednoczonych

    ➙ SUBSKRYBUJ kanał YouTube Krzyśka i dołącz do B3TEAM !

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    Courses on Blockchain, SaaS, APIs – Security @$Ten on Udemy – Toshendra Sharma

    Toshendra Sharma

    Courses on Blockchain, SaaS, APIs & Security @$Ten on Udemy

    Past two months have been very hectic for me in terms of course creation. I have worked on many latest Blockchain, Ethereum, Blockchain-as-a-Service by Microsoft Azure, Blockchain hacking, API Blueprint designing courses. I am suggesting all my course at $Ten to all of my existing students. So checkout below courses & enroll in your beloved one at just $Ten. Glad Learning. Go after the below link (Coupon already applied) or use coupon code USTU3FEB17TKS by hand.

    It is a concise and focussed course guiding you on how to create a web contraption to generate, and upload cryptographic proof of existence for files, as well as other data in Blockchain using MultiChain along with AWS EC2. Get the arms on in MultiChain based application in PHP through this course. Click here to Signup @$Ten Only.

    It is a concise and focussed course guiding you on how to create, connect, and use your own private Blockchain in AWS. If you want to setup a commercial Bitcoin-based Blockchain then you must attend this course. Click here to Signup @$Ten Only.

    This course will help you seizing the fundamentals of Blockchain & help you understand the Blockchain with a real life analogy. If you are fresh to Blockchain then you must attempt this course. Click here to Signup @$Ten Only.

    It is a best course to understand the fundamentals & other key jargons on Ethereum, It’s Blockchain & Wise contracts in brief time. If you want to make a project or product on top of Ethereum or Wise Contracts then this is the best suited for you. Click here to Signup @$Ten Only.

    This course will demonstrate you step-by-step how to setup a Ethereum Blockchain Consortium in Microsoft Azure Platform. Here we will demonstrate you in Azure Dashboard what to search, how to configure the consortium & what are the different parameters to configure. Best course for setting up Ethereum Blockchain. Click here to Signup @$Ten Only.

    Microsoft has recently launched BaaS (Blockchain-as-a-Service) under Azure Platform. BaaS will help you setting up different types on Blockchain with few clicks. In this course you will learn what exactly BaaS means, it’s pricing, What difference Blockchains you can launch etc. Click here to Signup @$Ten Only.

    Yes. Ethereum Blockchain project The DAO has been attacked last year in June and Hacker has stolen Ethers worth $50 Million. Learn the entire event, understand what has gone wrong & how it has been treated. Click here to Signup @$Ten Only.

    I have been to many Blockchain events & investment pitches. People generally asked few limited set of questions again & again. Learn what are those FAQs (questions) & get their answers all at one place. Click here to Signup @$Ten Only.

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    It is a wonderful advanced course to help you design more elaborate API designs with API mock server, API docs, Postman Collection etc. Use this course to learn how to design complicated RESTful APIs lightly. Click here to Signup @$Ten Only.

    A wonderful course to learn to setup your own private & Free URL shortening service like Bitly & use it in your project any number of time for Free. It will suggest the APIs as well to create your own brief URL within milliseconds. Build your own business with URL Shortener for Free. Click here to Signup @$Ten Only.

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    Let me know what you want to see next in this list?

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    Consensus 2017: IBM Thinks Blockchain Could Save Shipping Industry – Billions

    blockchain one hundred one ibm

    May 22, two thousand seventeen at 16:28 UTC by Morgen Peck

    Blockchain technology is poised to recover billions of dollars lost to coordination costs in both capital markets and the shipping industry, according to Arvind Krishna, the director of research at IBM.

    Krishna argued this point during a presentation at CoinDesk’s Consensus two thousand seventeen conference in Fresh York. Among other projects, Krishna described a partnership with Maersk, a Danish transport company, which he says will cut costs by streamlining the checks that shipping companies are required to go through as they transport goods across international borders.

    A typical shipment, according to Krishna, must pass the scrutiny of about thirty organizations during its circuitous journey to the market. Every hold up in this process nicks dollars off the profitability of the product.

    “A single chunk of paper, if it’s missing when it arrives in Rotterdam, means that a container total of avocados just sits there. A few days extra of sitting there and you’ve got to throw out the entire container because you’ve crossed the limit of how long those goods can sit there without being considered spoiled,” said Krishna.

    Blockchains, he went on to say, are an ideal platform for aggregating and transmitting the certifications required at each step along the way and could trim twenty percent of the cost from international shipping.

    “We believe that just doing this kind of digitization can result in ems of billions of dollars saved across that network,” he said.

    Arvind also touted blockchains as a solution for verifying that diamonds originate from conflict-free zones and mentioned that Walmart is looking into the technology as a way to track and verify organic products. He further argued for the potential to cut coordination costs in capital markets by using blockchains as a common ledger for finalizing settlements in derivatives markets.

    The fight, according to Krishna, will be to craft blockchain applications in a way that is intuitive to people outside the enthusiast bubble. Enlargening usability will be key, he argued.

    “Making it scalable, making it effortless, making it possible for a lot more people to adopt the technology is where a lot of technologies and companies flounder,” says Krishna.

    Picture by Morgen Peck for CoinDesk

    The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a stringent set of editorial policies. Have cracking news or a story peak to send to our journalists? Contact us at [email protected] .

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