Bitcoin: What is it and how do you use it? - BBC Bitesize

Epic Cash AMA Recap with CryptoDiffer Community

CryptoDiffer team Hello, everyone! We are glad to meet here: Max Freeman (@maxfreeman4), Project Lead at Epic Cash Yoga Dude (@Yogadude), PR&Marketing at Epic Cash Xenolink (@Xenolink), Advisor at Epic Cash
Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here!
Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here!
Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us!
CryptoDiffer team Let`s start from the first introduction question: Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash?
Yoga Dude PR&Marketing at Epic Cash
Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing.
I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially.
Xenolink Advisor at Epic Cash
Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to u/Tetsugan and u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers!
Max Freeman Project Lead at Epic Cash
I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level.
CryptoDiffer team
Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:)
Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one?
Max Freeman Project Lead at Epic Cash
I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble
We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly.
There are some great short videos on our YouTube channel https://www.youtube.com/channel/UCQBFfksJlM97rgrplLRwNUg/videos
that explain why we believe we have created something truly special here.
Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange.
Yoga Dude PR&Marketing at Epic Cash
Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility.
Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved.
Xenolink Advisor at Epic Cash
To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry.
To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone.
CryptoDiffer team
Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months?
Yoga Dude PR&Marketing at Epic Cash
Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content.
We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money.
You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages
Max Freeman Project Lead at Epic Cash
Our future development roadmap will be published soon and includes 4 tracks:
Usability
Mining
Core Protocol
Ecosystem Development
Core Protocol
Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020
Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020
Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a
Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a
Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a
Usability
GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020
Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020
Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a
Mining
RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a
The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin.
Ecosystem Development
Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a
Xenolink Advisor at Epic Cash
From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide.
CryptoDiffer team
Great, thank you for your answers, we now can move to community questions part!
Cryptodiffer Community
You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC?
Max Freeman Project Lead at Epic Cash
The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part.
Cryptodiffer Community
To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from?
Xenolink Advisor at Epic Cash
Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project.
Cryptodiffer Community
Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you!
Yoga Dude PR&Marketing at Epic Cash
First, I must admit that I am still a huge fan and HODLer of Monero. That said:
✅ our blockchain is MUCH lighter than Monero’s
✅ our transaction processing speed is much faster
✅ our address-less blockchain is more private
✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU
Cryptodiffer Community
  1. the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
  2. On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash
  1. This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
  2. The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community
$EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future?
Who is Epic Biggest competitors?
And what’s makes epic better than competitors?
Xenolink Advisor at Epic Cash
We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity.
Cryptodiffer Community
What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships?
Yoga Dude PR&Marketing at Epic Cash
Since we are a community project, we have many developers, in addition to the core team.
Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks.
We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked.
Cryptodiffer Community
EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges?
Xenolink Advisor at Epic Cash
In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Max Freeman Project Lead at Epic Cash
Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic.
With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash.
As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability
Cryptodiffer Community
Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ?
Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors?
Max Freeman Project Lead at Epic Cash
RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware.
Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses.
Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware.
The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved.
Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem?
Xenolink Advisor at Epic Cash
Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic.
Cryptodiffer Community
I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto?
What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ?
Yoga Dude Pr&Marketing at Epic Cash
Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential.
The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers.
The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique
Cryptodiffer Community
Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI?
Yoga Dude PR&Marketing at Epic Cash
We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on.
Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way.
Cryptodiffer Community
If you could choose one celebrity to promote Epic-cash, who that would be?
Max Freeman Project Lead at Epic Cash
I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences.
I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today.
Epic Cash will have its OWN Celebrities
Cryptodiffer Community
How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it?
Xenolink Advisor at Epic Cash
Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin.
Cryptodiffer Community
what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Max Freeman Project Lead at Epic Cash
There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make.
Cryptodiffer Community
Q1 : What are your major goals to archive in the next 3–4 years?
Q2 : What are your plans to expand and gain more adoption?
Yoga Dude Pr&Marketing at Epic Cash
Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁
We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting.
Cryptodiffer Community
It seems to me that EpicCash will have its first Halving, right? Why a halving so soon?
Is a mobile version feasible?
Max Freeman Project Lead at Epic Cash
Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140.
Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining.
Cryptodiffer Community
What markets will you add after that?
Yoga Dude PR&Marketing at Epic Cash
Well, we are aiming to have ALL markets
Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry)
We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages.
Epic Cash is More than Money and its for Everyone.
Cryptodiffer Community
Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins?
Max Freeman Project Lead at Epic Cash
With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert https://www.youtube.com/watch?v=0blbfmvCq\_4 explains better than I can.
Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Xenolink Advisor at Epic Cash
Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash.
Cryptodiffer Community
  1. You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
  2. How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash
Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well.
Cryptodiffer Community
Do EPICs in 2020 focus more on research and coding, or on sales and implementation?
Yoga Dude PR&Marketing at Epic Cash
We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy.
In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC.
Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters.
Everyone with skin in the game gets the benefit of advancing the cause.
Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content —
https://www.youtube.com/watch?v=XtAVEqKGgqY
a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this
Cryptodiffer Community
I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex?
Let’s talk about the economic model, can EpicCash comply with the concept of value reserve?
Max Freeman Project Lead at Epic Cash
In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like ngrok.io, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader.
We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here: https://medium.com/epic-cash/the-freeman-family-e3b9c3b3f166
Max Freeman Project Lead at Epic Cash
Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project.
Xenolink Advisor at Epic Cash
Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at https://t.me/EpicCash .
Yoga Dude Pr&Marketing at Epic Cash
Thank you, CryptoDiffer Team, and this wonderful Community!!!
Cryptodiffer TEAM
Thank you everyone for taking your time and asking great questions
Thank you for your time, it was an insightful session
Spread the love
submitted by EpicCashFrodo to epiccash [link] [comments]

ASIC Resistant Hard Fork Discussion Overview

I am speaking on behalf of myself, Hudson Jameson, and not on behalf of the Ethereum Foundation or any other entity. However, I am a lawyedoctor and this post is both medical and legal advice. Just kidding, it isn't.
Hey all!
I've been closely following the debate that has been happening across social media and chat channels the past 2 weeks regarding the possibility of designing and implementing a new ASIC resistant proof-of-work algorithm. The debate is over whether or not we should hard fork the Ethereum network in order to prevent ASIC miners from operating. I am in the unique position of organizing and running the bi-weekly core developer meetings and have been active in the ecosystem for a while. I want to make sure both sides feel like they are heard. This post is meant to provide context and offer next steps for both sides of the argument.

Facts

This next section is my best effort at summarizing the arguments from both sides. I am numbering them to make it easier to reference a specific argument for or against.

Pro ASIC Resistance (PAR)

There are 2 great resources that provide more detail to these bullet points.
  1. Medium Article - Why Ethereum should adjust algo on next planned Hardfork? From a Miner’s perspective by bitsbetrippin.
  2. /EtherMining Thread - Regarding Threads on Bitmain and ASIC Resistance (Mega Thread!) by Robbbbbbbbb.

Pro Doing Nothing (PDN)

There are 2 great resources that provide more detail to these bullet points.
  1. Blog post - Anti-ASIC Forks Considered Harmful by Phil Daian.
  2. Ethereum Core Developer Meeting #36 Notes/Video. Arguments described in the recent core developer meeting have a timestamp linking to the video.

How long until Casper is launched?

This seems to be a sticking point in many of the arguments. Here is the latest: Researchers are in the process of finalizing the code for the 2nd stage of the testnet with the goal of completing and freezing the full specification of the Casper PoS algorithm. geth and Parity could start implementing parts of the Casper today. Casper is currently being formally verified by Runtime Verification which should take another 4-5 months to complete. Multiple academic groups are also looking at Casper. A formal EIP on Casper is being worked on and will be released for review in the next 2 weeks. The plan is to have Runtime Verification formally verify Casper, relaunch a custom Casper testnet with specs from the EIP, relaunch the contract on an Ethereum testnet, and finally launch Casper on the mainnet. There is no official timeline and there is unlikely to be one, in my opinion, until we get much closer to Casper being formally verified. (40:23)

So what now?

Well I for one am going to make myself a whiskey. Not because this was stressful, but because I enjoy whiskey. I actually find this pretty fun.
Anyways, if you are in the PAR group I suggest you act on your convictions and help with some of the EIPs being produced. If you are in the PDN group you can provide counter-arguments to the PAR group in forums/chat rooms. Currently the rough consensus of Ethereum core developers is that of the PDN group. However, my experience is that they are open to whatever the community wants as long as community consensus, or something close to it, can be demonstrated. There are many ways to determine this, including voting and discussions and EIPs. I encourage everyone to participate in this process.

You said a thing wrong!

If you feel like I left off an argument or made a mistake in this post let me know in the comments. I'll track edits at the bottom of this post.
Later!
submitted by Souptacular to ethereum [link] [comments]

Proof that Craig Wright is a Scammer.

Where is it?
Here are the allegations:
He scammed the Australian Taxation Office 
Source
.
He lied about a doctorate from CSU 
.
The whole CSW is Satoshi thing. 
Wow, I don't know where to start with this one, as I don't even know where I stand on it without hard evidence either way.
What I will say is that if CSW claiming to be Satoshi is a complete scam, it's an incredibly detailed and elaborate one, involving a lot of people, that was meticulously planned - until the exit plan. If this is true, how did he screw up the end so badly? What was his plan to finish the scam on a win?
I'm not going to weigh too much of my opinion on this because I am still open to new facts and arguments, except to say that at this point I believe CSW was probably involved in Bitcoin from the very early stages, and that it is at least plausible that he and Dave Kleiman had an involvement in the beginnings of Bitcoin. It also seems plausible that whoever Satoshi is, he (or they) does not want to be known. There could be many legal and Tax implications for the real Satoshi. Whatever the real story, it is not black and white.
I'm just going to leave some of my research trail here and you can make up your own minds:
To get a solid overall picture, this article by Andrew O'Hagan is a good start and worth the long read.
An article relating to the Trust with Dave Kleiman in Seychelles holding 1,100,111 BTC. If this is actually for real, it would explain why CSW does not have access to Satoshi keys or coins.
Again, the ATO interview from 2014 discussing bitcoin related issues from 2009
Gizmodo Article about CSW and Dave K
The Wired article claiming CSW to be a hoax, based on the supercomputer, the LinkedIn profile and the missing keys. And no other evidence.
Forbes spreading the accusations further, causing them to be more widely accepted as fact.
More opinions
More reports that the ATO were after "the creator of Bitcoin"
News that CSW's Australian Business is wound up. Again, no mention of any charges or fraud.
Something interesting that maybe somebody else can get more out of than me.
TLDR
I see a lot of people slinging mud, but not a lot of actual facts being tossed around. Before you just join the chorus of regurgitation, do what I did and try to discover some real facts for yourself. If all of the accusations are fabricated, then you must ask yourself who is fabricating it and why? What are their motives? Is there a deeper story?
And if you do find anything supporting either side of the arguments, I'm open ears and open mind. Just expect me to question your sources and to ignore statements of fact that can't be backed up.
submitted by theantnest to btc [link] [comments]

Wealth Formula Episode 187: Ask Buck Part: Part One

Catch the full episode: https://www.wealthformula.com/podcast/187-ask-buck-part-part-one/
Buck: Welcome back to the show everyone and let's get on with the Ask Buck component of today's show. As a reminder this is part one of two. The next one will be airing next week, but we have lots of questions. I want to make sure we give adequate time and yet not bore the lights out of you by making this into a two-hour show. So the first question from Jeffrey Cattell. Jeffrey asked, hey Buck I had a question about investing with an LLC and mortgages. I had heard that purchasing rental properties inside an LLC limits you to getting a commercial mortgage. Can you discuss the differences between commercial and conventional mortgages and how buying within an LLC affects your options.
Yes I can certainly give it a try and of course remember I am not an attorney and I am not an adviser these are my opinions and there are things that I've done etc so don't hold me to it, I'm just giving you my perspective. So let me start out by reminding you a little bit about you know the different kinds of mortgages and they're kind of obvious right I mean there are two really two kinds of mortgages there's two residential there's a commercial mortgage. Now residential mortgages I mean that's the kind that you get for your house that's the kind that you might get for a 1 to 4 unit house or duplex or triplex or quad but you can get a second or third mortgage etc but those are all considered residential mortgages. Pricing is obviously best when it's the first one and it's your primary home but these other residential mortgages that you get as a second or third etc are generally favorable in terms of pricing and amortization and all that stuff as well. Now if your property is already owned by an entity such as an LLC or you're buying it in the name of an LLC by definition you are no longer in the residential category because you're declaring to everybody in the world that this is an investment property in which case you must obtain a commercial mortgage which the major difference between the two frankly is just that the commercial mortgages are more expensive and have less favorable terms than residential ones. So how can you potentially get around this okay. So I let me give you an example and again this is not advice but I'm gonna talk about experience and the experience of others around me so I've had a couple of houses that I own in Chicago one of them that I lived in for a few years and now I rent them all. I bought those houses in my name and therefore at the time we got mortgages and the mortgages are in my name, my wife and my name in this case, but after they were purchased in personal name and mortgages were issued, I then transferred them over especially after obviously when I moved down and I rented the place out into an LLC. So they are now deeded to an entity each shows actually deeded to a separate entity. The process that used to do this is called a quitclaim deed. So if you want to ask your attorney about doing something like this is called a quitclaim deed. Now theoretically and I emphasize the theoretical here if you do this your mortgage could be called. Why? Because in your mortgage usually it's gonna tell you you you know you you know this is a mortgage on you and that if you make these kinds of changes you gotta let them know. In practice though what I have found and this is the part where I keep emphasizing I am not giving you advice is that everyone does this right everyone does a quitclaim deed everyone does it. My dad has been doing this for 50 years and has never had a problem. I'm doing it now and these are major banks they even know about it they don't seem to care. Anyway as long as the mortgage gets paid it seems like no one cares. So bottom line is what most people do what I've done for these smaller properties, buy them in your own name quitclaim deed, so you can't but in your own name get the good better mortgage and then quitclaim. Am I advising you to do that? No. I'm not advising you on anything just what I do what I've done what my dad's done and a lot of people I know have done. Okay all right so that is the first question. Now I'm going to move over to an audio question because some of you weren't chicken. Just kidding I'm kidding about that but audio questions are fun they're fun to hear from people so let's see the so I got have a question here from Garth. Okay Garth here we go.
Garth: Hello Dr. Joffrey this is Garth in Portland Oregon. I understand the definition of accredited investor which I am not one but I've also heard a term sophisticated investor and I'm wondering if that is different than accredited investor and if so what do I need to do to get that title? Thanks.
Buck: Thanks for the question Garth. So the question really is what is a sophisticated investor? Well first of all why does this matter in the first place it's all accredited sophisticated stuff? Well the answer that, for private placements in real estate a certain kind of offering is frequently used called a Regulation D offering, it's the typical structure. Regulation D, a Regulation D offering allows you to move forward with a private offering without pushing it through the SEC for formal classification as the security. Now why would you not want to file with the SEC? Well there's two reasons really cost in time, it's expensive. But the bigger issue in terms of real estate is a very practical one it's the element of time. So if you're doing an SEC filing and you know on an offering it's gonna take you at least a year to get that through the SEC and contrast that with the fact that when you get a building under contract and you know one of the properties that we do an investor club for example, usually you got some under contract you raise capital you close the building and all that it's happening within three months, so you only usually have a very short period of time, you don't have time to send that to the SEC and let them mess around with it. And the SEC in reality knows this so this is not a new new thing this regulation D, it's been around forever you know but so they provide this as an exception to the rule they say if you're not going to file with the SEC you can still do this legally but it has to be under this kind of exemption Reg D and these are limited, these will be limited to investors that are either accredited which we've talked about before, you make $200,000 a year for two years with a reasonable expectation of doing it again the next year, $300,000 if filing jointly and/or a net worth of $1,000,000 outside of your personal residence. That is an accredited investor. What's a sophisticated investor? Well that's the problem right? So that's that's not very clear, it's not very clear at all and it's a little nebulous and when it's not clear frankly often that becomes the area of abuse. There's no clear definition of a sophisticated investor. Sophisticated investors are supposed to be financially savvy. They're supposed to have experience and knowledge and acumen that makes them more qualified to make decisions about these types of more sophisticated investments than your average Joe. But the problem is that it's essentially up to the fundraiser to determine if an individual is sophisticated or not. Now I have seen situations where people join say a real estate gurus organization and immediately upon paying for the course they are somehow deemed sophisticated and start investing in other students deals within that ecosystem, a bit shady if you ask me but it is what it is. Now that's not to suggest that you in particular are not sophisticated because if you're listening to this show there's a very good chance you are sophisticated, you may you know just understand the language well and you may understand real estate well you may own a bunch of real estate and you want to invest passively in a real estate syndication and in those cases you might be sophisticated, you know. I mean it is a little bit random because you know I run into people who are making you know doctors who are making five hundred thousand dollars a year but they've only made it for eighteen months and so therefore they're not accredited, right? So then you have to make some judgment calls but anyway bottom line is sophisticated is subjective but I think the biggest problem for this terminology is that there really is no safe harbor in my opinion at least that makes it really really difficult to deal with from the side of the operator and therefore in our group in general for investor club it's very rare when we will you know not require the true accredited definition and the reality is most major syndicators won't even consider sophisticated investors who are not accredited for this reason, it just becomes one of those situations you don't want to put yourself in trouble. Okay so let's go to the next question or a couple questions from the same individual so that's fine too, okay from Ron.
Ron: I have a question about Bitcoin. Where do the new bitcoins come from in short I know we are accurate we have and they create blocks in those blocks we store transactions and the miners get a fee for building a block that's 12 Bitcoin I believe so are those 12 bitcoins also getting into relation we'll end up with those 21 million bitcoins in the end or is there something else? So that's my question can you help me with that. Thank you.
Buck: Sure Ron pretty straightforward I mean without getting into too much technical the new Bitcoin you mentioned you know the whole mining basically the new Bitcoin come from doing the mathematical work to solve these complex mathematical problems that's what these supercomputers do those are the miners and then there's a competition whoever gets the answer first as you mentioned gets rewarded with this fee, they get rewarded with Bitcoin and that's weird those Bitcoin are actually generated so that's what it means to mine Bitcoin and you're also right they'll never be more than 21 million Bitcoin you know so that's one of the true values of Bitcoin is that it is a finite thing there’ll never be more than 21 million so the fact that some go out of circulation to get lost etc it's deflationary in that regard. The last thing I guess I would point out is you know what happens after mining is complete with 21 million well basically miners get paid for exchanges transfers etc at that point but it'll be interesting to see how that all turns out at that point. All right I think Ron has another question here and I think it's related.
Ron: Hello there Buck. Ron again here with a question, a what-if scenario. What if my thousand dollar worth of Bitcoin explodes and all of a sudden it's 1 million and I started with storing it on my Ledger Nano S. Is that still a good way to go when it's about a million or maybe 10 million or do I need to have some other methods in place due to spread risks or to be safe? Please let me know. Thank you. Bye bye.
Buck: Alright well a good question you know what Ron is talking about is the Ledger Nano S which is a hardware wallet it basically is something that's stored offline. Now listen that's what makes it so resistant to you know any kind of hacking right so you're not it's you're not online if you're not online no one can get to you, you know a hacker and Russia can't get to you, you know. But so if you suddenly end up with a million dollars of Bitcoin or more the reality is that in terms of the ledger it's just as bulletproof as before. I think the issue becomes when people have you know when they get like several million dollars a Bitcoin or Bitcoin million you know multi millionaires and billionaires or whatever then you know I may become a little nerve-racking just to have this little ledger around here right you may want to have you might want to have a little bit more protection than that in which case you might consider some kind of a custodian service like Gemini etc, but that's you know that's not necessary because one of the things about Bitcoin one of the appeals is that itself the ability to self custodian this stuff right you don't need a bank for this. And so I guarantee you that people are walking around with millions of dollars on their ledgers. Now I will point out that you know Ledger Nano S is just one Hardware wallet and you can get a lot more sophisticated and complicated type things you can even get a like a multi signature wallet Hardware wallet would that would require you know multiple people's keys in order to get to the cryptocurrency which you know I mean if you end up with a ton of money in crypto currency that's you know that's probably something that you might want to do. Okay next question from John Jillette.
Hi Buck love your podcast been extremely helpful in increasing my financial intelligence. There's been talk about impending financial crisis from well-known economist Dent, Rickards and Schiff. What do you believe in the percentage chance that we go into a 2008 like financial crisis in the next couple years? Also as the recession is always coming how much dry powder do you recommend having at this point in the cycle scoop up deals when there's “blood in the streets”? Good question John the problem in my view with those guys that you talked about Harry Dent, Jim Rickards, Peter Schiff all super smart guys right and Harry Dent was on the show recently, is that they've all been predicting the same darn thing for at least four or five years now, right? I mean and it hasn't happened and when there is some sort of pull back because as you said there's always gonna be a recession at some point why is it after you blood in the street, you know? The bottom line is that you know Harry Dent in our last show even said you know I said dude it's hard to predict when right yeah it's hard to predict one I absolutely admit that. So what do you do then because let me give you an example of the counter risk to this whole you know this whole world of fear-mongering, and I'm not saying those guys are just doing that on purpose for that reason, I mean I do think that you know if your whole thing is like the world is coming to an end and you need to buy gold and your major business is selling gold then you know it's a little bit hard to swallow sometimes but let me give you an example of what could happen. So six years ago because you know I said before that Peter and you know all these guys have been talking about for five years at least about how you know everything's going to hell. Six years ago there was a company that we work with now called Western Wealth Capital and Investor Club and they have an investor who has put in twenty five thousand dollars and every deal for the last six years and they have a really unique model of people within our group know a lot about it. The total of seven hundred fifty thousand dollars was invested out-of-pocket during that period of time but the principle is now worth four million dollars. Now those are pretty exceptional numbers right that comes out to you know an annualized return of about a hundred percent and I'm not saying that that is you know what's going to happen in the future, but what I would skew to consider is what if we'd been listening to that advice for five years now? If this person had done that would they have done well? Okay well obviously not because you know if you stopped investing because of because of fear then you didn't make any money. Is it a guarantee that they would have lost money? Absolutely not. I mean listen these deals are really solid they go in there and they start to de-risk these things right away by driving up net operating income and maybe you know maybe wouldn’t have made as much money, but would it have lost a bunch of money? Well personally I just don't I don't think so. Now listen I'm not saying there will not be a recession. As I said eventually there will be. The problem is that we cannot time it and we cannot really quantify the magnitude. As much as people would love to talk about this blood and the street thing I mean the major mainstream economists and ITR Economics who I like don't think it's gonna be that big, they think it's gonna be stuck to the manufacturing and industrial sectors. So what do we do? So what do I do? I should say that I stick to quality assets and quality areas, I create value the moment you know that and then we create value in those assets the moment we acquire them, right? So that helps that whole value add concepts helps de-risk any project by dynamically decompressing cap rates. So think about it you you know you you buy something at a certain cap rate all the sudden you're driving in net operating income and you dynamically decompress your cap rates you have a better margin over your debt burden your risk is significantly lowered and if you can get all of your money out of the deal with a refinance all of your risk is gone okay. So now if there is a downturn and you're in one of these things you want to be in a position where you can ride out the storm with assets you already own and then, and then, this is the important part, lean into the downturn right lots of people freeze up when things go south or but the right thing to do is to be greedy when others are scared. So by continuing to deploy on a regular basis my personal belief is that you can volume average your way through a downturn and get capital preservation and then hopefully pick up some really cheap assets, ride them back up and hopefully it you know you end up in really good shape. That's my own approach to this. I'm not sitting around waiting for zombies to you know erupt out of the ground and start you know only accepting silver dollars, you know from a monster box. I'm just that's just not I just don't see it. As for the current financial climate I'd say the banks are, and I think again most economists would tell you that the banks are in a lot better shape than they were in 2008. I don't think that there's necessarily anything that looks like 2008. I think GDP has grown at a record for a record length of time it's been sluggish but on the other hand you know so in other words there will be some kind of recession eventually but why does it need to be blood in the streets? See we have to remember that before 2008 there was such thing as a recession that you just hear about like three months after it happened right it doesn't always have to be cataclysmic. Now you know talking about these guys you know Peter Schiff himself talks about you know the nature of this crisis that he sees happening and what he describes it as, is a dollar crisis. And if it's a dollar crisis what that means is it's gonna result in inflation. Now inflation is good for real estate. Conversely you've got Harry Dent who's talking about a deflationary recession which I have a harder time believing because of how it affects our own ability to pay you know Treasury holders, US Treasury holders, but you know even Harry thinks in his scenario that well you might as well you know own multifamily real estate because the demographics would suggest that that would be a safe place to be now Harry's a demographics guy. Now listen who knows what'll really happen just because Harry said that and Peter said that and I said this it could be completely something different, but if you do nothing and keep all your money in a bank you're guaranteed to lose money with inflation in my opinion because again I don't think it's gonna be deflationary I've been over that before. And as for dry powder it’s always good to have some obviously right I mean it's always good to have some, so it's hard to quantify how much. The way I have done it is I use as you may know I'm sure you know by now I am an advocate for Wealth Formula Banking because I like the option of you know being able to borrow etc. now for this purpose I use Wealth Formula Banking because it's it's sort of a source of liquidity for me that I can access very quickly that it's out of the banking system but how much dry powder I keep, generally relies on my contribution to the Wealth Formula Banking policy every year. So it's one of the things that sort of keeps me honest right I have to put a certain amount every year in there all the way up to the paid up perdition's and so that's basically circulating as my you know almost like a bond portfolio of liquidity in case I need it, so that's how I do it. But that being said, I'm also in a situation where I am very incentivized to invest rather than to keep my money around or invest in anything that's not real estate so I probably could do a better job with keeping a little bit more dry powder around. Anyway right now, so Wealth Formula Banking that's where my dry powder is and like I said that's where it keeps me disciplined, but I do not have a crystal ball and I don't really I'd really don't foresee myself anything horrible happening so I mean if I did if I was sure of it I'd probably I'm sure I would just you know have a bunch of money sitting around but I don't see any serious indication of that frankly. You know and I should point out I saw today you know Ray Dalio came out and said even about the stock market that he's bullish still right on the stock market, right? I'm not saying I'm bullish on the stock market but the point is there's some still some big names not really like hiding out in shorting markets at this point. So anyway I don't know that I even came close to answering your question but I talked a lot so let's see here. Next question Jason got an audio question.
Jason: Buck, this is Jason Beck from The Rock Arkansas. Wanted to see if you had come across any good ways to utilize raw land investments for a tax-advantaged purpose. I've got some land that is timber and some more land that is pasture that we keep some horses on. I want to see if you had seen anybody utilize either various schedules on their tax returns or creation of entities to try to gain some tax advantage from those type of investments?
Buck: Yeah the big one that comes to mind Jason is conservation easements. Now you know as soon as I say that a lot of people think oh that's that one thing that's kind of like that the IRS hates and they write articles about to try to scare people off of them and that's actually not totally the case the thing that IRS really hates are the syndicated conservation easements even those you know they're totally lawful but what I'm talking about is conservation easements on your own land which really are not controversial for the most part at all. So basically here's how that works okay. Effectively what you do in a conservation easement is you commit your land you still keep it you don't give it but you're giving up certain rights, you remember like yeah if you do any kind of real estate you know there's land rights there's ground rights all that kind of stuff. Anyway, in this case you're giving up the right to develop the land and or or in some cases if it's a mining situation, giving up the right to drill on the land. And if you do that what's interesting is that and what's powerful is that you can if you’ve done it appropriately get a valuation on your lands maximum value if it were to be used for that other purpose. Well let's give a give you an example so it's not so nebulous in other words say the alternative of keeping your horse pasture land was to build a multi-million dollar resort and you had all the plans you had architectural drawings etc. In that case you could theoretically get a valuation of how much that resort would be valued at and take the deduction for the amount of the valuation that you got instead of the value that your land currently has. So as you can imagine that could be an enormous potential tax benefit and so I would probably look into that for sure there's some very famous people who use that, Ted Turner CNN that's why he's got so many Buffalo, people say Donald Trump that's one of the reasons why he has so many golf courses but of course we don't see his tax return so we don't know that for sure. Anyway I know the guy you should speak with and I have already sent you a connection via email.
Okay next question when evaluating a private placement opportunity I should say I don't I for some reason I don't have a name on this one so I apologize, but when evaluating a private placement opportunity, how important is it to you that the general partner has their own personal money invested in the deal? Well the answer is it depends okay. Let's take Ken McElroy for example let's take Western Wealth Capital and those guys for example Ken's be a better example because Western Wealth Capital I know got a couple of million dollars in every deal but let's take Ken. In the past you know where he was I've invested in as a limited partner in companies deals where you know I neither Ken was putting any money in and does that bother me not really. Why? Well listen I know Ken's model and he doesn't really get rewarded unless the asset performs. I also know Ken personally and know that he works hard, has a lot of integrity and takes pride in his work. He's got a tremendous track record and I also know that it takes a lot of work to do what he does, so not getting rewarded financially until the you know property starts to really perform the way he pro formas it out is a type of sweat equity because what you're talking about ultimately is skin in the game. Does the operator have skin in the game? And the question really I think is better termed you know does the operator have skin in the game? Because the skin in the game can also come in the form of sweat equity. Now if Ken in his case doesn't get paid unless investors get paid, I would definitely consider that skin in the game knowing how much work that is. Now the problem these days in my opinion is that there is you know there's everybody and their mother is a syndicator. And you know what I'm talking about right? So you've got all these people I was in here, I'm a full-time software engineer we're 50 hours a week and oh yeah and I just went to a guru course and I'm you know I'm taking down a twenty five million dollar asset would you like to join me? Those people are everywhere now and in those kinds of deals personally I would never invest anyway. However, if you do you should demand heavy skin in the game through cash why because you don't you know you don't know what they're gonna do, they don’t have a huge track record, they've got full-time jobs this isn't just about plugging in a property manager and taking your cut that's BS you know but honestly I would stay away from those deals all together personally you don't want to be part of someone's learning curve.
All right let's see next question I have this via email here, I'm gonna read it. Okay so the next question is from Kenny. Kenny French is asking he says hi Buck I'm a podcast listener and Western Wealth Capital investor as well. I'm currently working with Rod Zabriskie to set up Wealth Formula Banking life insurance policy. So far everything has been going pretty smoothly with one exception. One of the features that I really like about the life insurance policy is it offers a way to have money grow that is protected from creditors and it really gives me a peace of mind to know that I will have a good chunk of money set aside for my family that can't or at least is very difficult for creditors or anyone else to touch. In looking how to hold that policy in a trust LLC personally etc I found out that California, where I live, that's where I live too, has terrible protections for life insurance policies. They only exempt a very small amount less than $20,000 presumably of cash values what we're talking about there, but from the little bit of research I did it looks like a Nevada trust may be the way to go, either way I think this would make for a good podcast topic to do a bit of a dive into so that's why I'm reading that and I got Kenny's okay to do this. So I thought was a good question. So what I did is I actually ran this by Doug Lodmell of Lodmell and Lodmell. Doug is of course my asset protection attorney, very smart guy, all-around good guy. I also want to put a plug in for him if you go to wealthformula.com and you go to there's basically some where you can click there and Doug did this really good webinar on asset protection from sort of the very basic to the more complex and he's just really really good so I would highly recommend you consider using him if any of this stuff is relevant to you. So here's the deal, and here's effectively the answer I've got from Doug: life insurance in many states is already a protected asset, so part of the issue is you got to check in your own state like Kenny did, as in some states like Kenny he's talking about California life insurance turns into pretty much just like an asset like any other asset and it has to be put into an asset protected vehicle. But because it is life insurance, there is an additional consideration of what happens when the policy pays out and how that affects the estate and for that reason there's also an additional choice which is an ILIT which stands for irrevocable life insurance trust. So the issue is that life insurance obviously has a death benefit which could impact the size of your estate and this must be a primary driver for where you hold it. If the death benefit will create or increase in estate tax, then the policy should be held by either an ILIT or another type of gift type trust like a dynasty trust. If the death benefit will not affect the estate tax because the total estate is below the exemption then I would suggest using an asset protection trust asset protection structure to hold the insurance if you are not in a state with good protections. He says it also matters if the insured is using life insurance as a savings vehicle and will need it for their retirement, as often we do with these kinds of things. If so then it is better in an asset protection plan. So I know that was a lot. So first of all if you know you're one of these if you have one of these plans I mean Kenny brings up a very good point you you sure look into this if you're looking for the asset protection component of this too. A few thoughts here okay, first of all you know the first thing to do is check your state and see what kind of protections you have. Next you know the ILIT is certainly an option right I mean it's it's just it's not very expensive it is a couple thousand dollars and you can use that, the problem with that it's difficult to to borrow out of. The next thing to consider is okay how big is that life insurance policy right? If it's three four million bucks, may not be a big deal especially if the rest of your estate is sitting outside of your estate or you've got a plan to have it outside of your estate then you can still figure out you know how to keep you know your estate stuff below you know whatever I think it's probably gonna sunset down to five and a half million or something like that for estate taxes. So in that regard, it seems to me that the smart thing to do would be to use like an asset protection trust which is you know certainly an option that that Doug can help you with, and frankly the nice thing about that is that you know you've got the protection from the creditors and it's still available for retirement. Now if you've got a great big you know death benefit on there, the next step really and actually this step that I've got is a dynasty trust, that was a Nevada dynasty trust and I've got one of those. In that situation though you are getting a trustee involved so you're not directly controlling it. Now I can tell you from personal experience that it's actually relatively not that difficult, you know to work with the trustee, but it does make it a little bit more difficult you know to get the cash available for the insured to use so that's the one thing to consider. Now Doug makes the point that you can also in some situations take an asset protection trust that automatically converts to a dynasty trust at death so then it's really the most flexible tool for most people so that might be the way to go. I think based on what I'm hearing and that's actually different from what I did but you know it was before I met Doug but I might have done like an asset protection trust that converted into a dynasty trust later that might have been what I would have done. Anyway complicated question complicated answer and that's kind of where I'll leave it because I've got a little headache from that last one at this point. So that's it for this week and that is just like half the questions we've got. We've been going on for a while. So that's it for me this week on Wealth Formula Podcast for Ask Buck Part One and we'll be back next week with part two.
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5 Trending technology to create jobs

5 Trending technology to create jobs
Today the technology is evolving so rapidly that the annual trend predictions may be obsolete before they go live as a blog post or article published. With the evolution of technology, this allows for even quicker improvements and development and accelerates the rate of change to ultimately exponential. Technology-based careers do not switch at the same speed but develop and the experienced IT specialist understands that his job is not the same. The IT professionals of the 21st century will constantly learn from the need, if not the desire.
What does it mean? To you, this means keeping emerging technology up to date. And it means looking to the future so understanding what skills and jobs you want to be trained for.
Here are some following 5 trending technologies in 2020 and some of the job opportunities generated by these changes are to be observed. Because the time has now come to train for one of the new jobs.

1. Artificial Intelligence (AI)


The Era of Artificial Intelligence
In recent years, artificial intelligence or AI have been arousing a buzz. But because of its impact on the way we live, play and work are still a trend to watch. It’s only early in life. Certain fields of AI, including machine learning, have also been developed which will be discussed below. AI refers to computer systems built to mimic human intelligence and perform tasks such as image recognition, speech or pattern recognition, and decision making. Such functions can be performed more quickly and precisely than humans.
The AI has been in use since 1956. Five out of six American people are actually using AI technology in one way or another every day, including web software, streaming services, private mobile helpers, ride-sharing apps, home helpers and home-smart appliances. AI is used to planning trains in addition to consumer behavior, assess business risks, foresee maintenance and improve energy efficiency.
AI is part of what we usually call automation, and because of potential job losses automation is a hot topic. Experts say that automation would kill an additional 73 million jobs by 2030. Automation, however, creates and removes employment, especially in AI: pundits are predicting that 23 million jobs in the AI by 2020. AI creates jobs in development, programming, testing, support, and maintenance, just to name a few. The Artificial Intelligence Architect is one of these tasks. Some say it will soon be competing with a computer scientist looking for skilled workers.

2. Robotic Process Automation


RPA Software bot
RPA is another job-automating technology. RPA automates business processes. Such as program analysis, transaction processing, data handling, and even email responding. RPA automates repetitive tasks that used to be done by humans. It’s not just the low-key jobs of a low paid worker: up to 45 percent of our activities can be automated, including the work of financial managers, doctors, and CEOs
RPA also creates new employment as existing jobs are changed. McKinsey found that less than 5% of workers can be fully automated, but 60% can be partially automated. While Forrester Research predicts RPA automation could affect the lives of 230 million or more knowledge workers and nearly 9 percent of the global workforce.
For Anyone & IT experts looking in the future and try to understand emerging technology trends. RPA offers many career opportunities. It includes Developer, Project Manager, Business Analyst, Solution Architect, and Infrastructure engineer RPA Support. And these are well-paid jobs. RPA salary is $ 73,861, but that’s the average, made up of salaries for junior level developers to Senior Solution Architects, with the top 10 percent earning over $ 141,000 annually. If you like to pursue a career in the RPA, it is important to understand the introduction of RPA.

3. Machine Learning


Machine learning human & bot
Machine learning is a sub-component of AI. Computers are trained to learn something they are not programmed to do with machine learning. You simply learn by finding patterns and software insights. In general, there are two types of learning, supervised and unattended. Machine learning subsets, including neural networks, naturally speaking and deep learning, which includes language processing (NLP). Each of these subsets offers the chance to specialize in a field that is rising.
Machine learning is quickly implemented and creates a high demand for qualified professionals in all kinds of industries. It is expected that by 2022 the machine learning market will hit $8.81 billion. Applications are used for data analysis, data mining and pattern recognition. Machine Learning on the consumer side, which helps web search results, in-time advertising, and network intrusion detection, only to mention a few of the many things that it can do.
Machine learning creates jobs. LinkedIn has some 2,000 openings, and Machine Learning positions are among the best jobs. The workers were well paid: in 2017, an engineer’s average wage stood at $106,225, respectively. Engineers, programmers, analysts, and data scientists are the roles of machine learning.

4. Cybersecurity


cybersecurity
Cybersecurity may not look like emerging technology, as it has been for a while, but like other technologies, it is changing. Partly due to the fact that threats are always fresh. Malicious hackers trying to illegally access data won’t give up anytime fast and even the most stringent security measures can be dealt with. New technologies are being adapted to increase security. Three of these advances are hardware authentication, cloud technology, and deep learning, according to an expert. Another complements the list with Data Loss Prevention and Behavioral Analytics.
Cybersecurity figures are rising three times faster than other technology pages, showing a strong demand for cybersecurity expertise. We are not enough to fill these vacancies, however. Therefore, it is expected that 3.5 million cybersecurity unoccupied slots will be open in 2021.
Most cyber safety employees are earning six-figure income and range from ethical hackers to computer experts and chief security officers, offering someone who wants to join and work in this sector a promising career.

5. Blockchain


Blockchain technology
Although many people believe that the blockchain technology is useful in many other ways as far as cryptocurrencies like Bitcoin are concerned, it provides security. In the simplest case, the information you can only add, delete or change can be called blockchain. This is the term “chain,” because the data chain is generated. It’s so secure because the previous frames can’t be changed. Therefore, blockchains are based on consensus, as explained in this Forbes article, and no individual can take control of the data. You do not have to monitor or verify transactions with Blockchain a trusted third-party.
This improved protection makes it possible for Blockchain to play a key role in securing data, including personal medical information, for cryptocurrency use. Blockchain could be used to boost the global supply chain, as stated here, dramatically and to safeguard resources like art and properties.
The second fastest-growing job category is Blockchain-related jobs, with 14 vacancies for each blockchain developer. A blockchain developer specializes in design and software creation using blockchain technology. A blockchain developer’s average annual salary is $130,000.
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How To Use The Blockchain To Protect The Trillion-Dollar Intelligent Import And Export Logistics Business

How To Use The Blockchain To Protect The Trillion-Dollar Intelligent Import And Export Logistics Business
Original Korean article https://www.jinse.com/bitcoin/284405.html published 4th December 2018. The article has been translated via Google translate. Prof. Songjie's credentials are listed at the bottom of this post.

How To Use The Blockchain To Protect The Trillion-Dollar Intelligent Import And Export Logistics Business

On November 22nd, the 2018 Global Smart Container Industry Alliance Annual Meeting and Smart Container Standards Publicity Training Conference was held in Shenzhen. Waltonchain CTO Wei Songjie delivered a speech at the scene. Professor Wei expounded the origin and development of blockchain and proposed the solution of blockchain technology applied in intelligent import and export logistics for the first time. He said that compared with the traditional way of shipping, the application blockchain can improve the time efficiency of more than 50% in the intelligent logistics industry and reduce the management cost by more than 30%.

https://preview.redd.it/fftck08ux0421.jpg?width=600&format=pjpg&auto=webp&s=827c930fc221610a98127588e3fa81d36aa3b72b
The following is the full text of the speech:
Good afternoon everyone, I am Wei Songjie. Today, the theme I gave to everyone is "blockchain: data container, pass-through transport line, trust notary". Because today's conference theme is a smart container, I also borrowed a topic called a "data container." In fact, in our information security industry, we call this a data package or a package called data. They are actually quite similar in nature, and data is also goods. For us, data is something of value.
In today's speech, I mainly talk about three parts: blockchain + digital certificate capability, blockchain + port cargo application scenarios, blockchain + intelligent import and export logistics solutions. Some of these contents are exchanged with some experts in the logistics industry. Some of the things may not be too mature and accurate. I am as a layman in this swearing, and I would like to ask you.
The blockchain has been a hot word in recent years. In my opinion, the biggest use of the blockchain is not "speculation", "sell one", "sip", these are their superficial articles. The biggest feature of this technology is its digital passability.
Dr. Zhou’s speech just said that what is the core in the container-based goods circulation industry? He said that documents are the core. For the circulation of goods, we need a list to prove. In the field of our blockchain, we call this core a pass.
Let me talk to you quickly, what is the blockchain?
In fact, this year happens to be the tenth anniversary of the blockchain. As for its origin, at the earliest, it came out as the underlying technology of Bitcoin, and its data structure is a chain structure. So what is it used for? It is used to book bitcoin. For example, who transferred to whom, how to turn, and so on. It is a distributed ledger, a public ledger, distributed meaning that there is no central bank, not a single individual has the final say. It has a wide range of applications, but most of the current applications still revolve around its financial transaction attributes.
In our field of computer science, we have used the term blockchain for less than a decade, but we have used this technology for decades. What do we use it for? In fact, we used to call it a distributed database a long time ago. That is to say, the database that everyone uses now has (several) servers. That distributed data means that instead of having a centralized server to store data, it means that the data is distributed in many different places, so we call it a distributed database.
Of course you have a database, you always have software, but also have a system. So in fact we have studied more accurate nouns. For example, let me study the distributed system for more than ten years. At the same time, we also use the blockchain-related things to achieve the measurement and circulation of this value. This has actually been used since, for example, QQ has Q coins, many games have points or coins, so this is not new. Of course, we study from the perspective of how the entire process, including the value of commodity services, is measured and quantified.
In the end, what is the main feature of the blockchain and what is it used for? Be an endorsement of trust. Therefore, we often hear people say that I can't change the data on the blockchain. You can't lie to me. It can't be fake forged, can't be lost, and so on. In fact, its core is, if you believe it or not, you believe it, if you don’t believe it.
In fact, long ago we were able to do trust-based or data-based trust and verification. But what did we call it at that time? We call cryptography. So I often talk to my students during the exchange, the blockchain thing, now it can not be said to be a gimmick. Again, we rely on it to do research, write papers, and then do projects. In fact, it is more like an application innovation—that is, combining existing technologies in a new way and using them in newer ways. Broad application scenarios.
Which combination of technologies? The core of distributed systems, peer-to-peer networks, and cryptography is these. Therefore, those people say that the blockchain is very important, or very useful, and its elements are summed up in fact. Then what effect does it use to achieve these effects? I think it is the effect of interconnection, interoperability, mutual trust, mutual benefit and mutual integration.

https://preview.redd.it/q56zn8kvy0421.jpg?width=600&format=pjpg&auto=webp&s=f00723c563bea43e476ad252e090a447d6f825c6
The Internet is easy to understand. In fact, our current information systems, including our devices, are rarely fragmented or run independently. Most of them are networked, including your mobile phone and computer. If you can't access the Internet, the mobile phone is not yet available. It’s a brick, right. No use. Now everyone can't do without the network. In fact, the blockchain is the same. Its underlying core is that it can be networked and does not depend on a specific or specific network. It does not depend on a specific server and does not depend on a specific SP (network service provider). I was able to connect to the Internet. This time we called P2P (peer-to-peer network), this is no stranger. Because a long time ago, I remember that I went to the movies and songs. The eDonkey used in that year was P2P. What it wants to achieve is interconnection, which means that you are not an individual, you are not separated, P2P technology is how to connect with others.
The second is interoperability. The reason for interoperability is because everyone wants to communicate. For example, everyone here is Chinese. If I speak a foreign language here, everyone knows English, and Japanese may understand it. But for example, Burmese and Vietnamese, you may not understand. At this time, what I said is still human, you are all human, but everyone does not understand, why is this? Because it does not have a valid specification. There is no rule that this field can only speak Chinese, or that this field can only say what you and I can understand, and this is the reason for interoperability. The blockchain, which defines a set of interworking rules or norms. Just like the (national container) standard we set here today, why should this standard be? Because if the standards are different, for example, the container you are ten meters high, my two or three meters high, then you said how to pull this truck? How can I store this warehouse? How do I load the goods? Right. This is the standard use.
The third is mutual trust. I just said, what is data? What is useful is the data. What kind of data is useful? Real is useful. Then how is it true? You have to be able to verify, or you have to be able to prove it. Therefore, the blockchain uses cryptography to achieve mutual trust. Think about it, the information system we use now, or the computer and related equipment, what is the most valuable, that is, data. In fact, if I lose a mobile phone now, I don't feel bad at all. Thousands of dollars can buy one back. But what is the pain? It's the address book, chat history, and photos inside, maybe there are sensitive photos. This kind of data is the most valuable.
The fourth is reciprocity. Blockchain It is the circulation or value sharing that can achieve this value. Of course, there is a lot of value in this system. In fact, it is a number. Just like we have mobile payments now, we rarely use money. Credit cards are not very useful, so money is a symbol for us, and the symbol is a number. It's the same, but this number is valuable, or the back of the number is money, and the blockchain can achieve this effect. Of course, if there are benefits, some people will suffer and some will take advantage of it. This is reciprocity. Our best effect is to achieve the Pareto improvement in economics. If I take advantage of it, you will not suffer. This is a win-win situation or a win-win situation. The blockchain can do this.
The fifth is called mutual integration. In other words, since everyone is living together in an ecological environment to live together, coexist, agree, and work together, then everyone must have a way to achieve consensus. For example, today, who should we listen to? Of course, we should listen to the organizer and listen to the host, because I recognize you as the host, right. But if there is a spoiler, he will not recognize it. He has not reached this consensus, and this matter is troublesome. So, inside the blockchain it has a series of algorithms and methods to achieve consensus. For us, the simplest consensus or the easiest to understand is that everyone votes. Who do you think is the moderator, who has the most votes, and who is the moderator, but the simplest (fairness) is often the hardest to achieve. But in fact, these (consensus) are the core elements of the blockchain, and what effect can be achieved with these elements, and what is the use of these effects, this is its definition. Now our country is working on the relevant standards for the blockchain, but before this appearance, whether it is the corporate or academic world, or our Internet enthusiasts or blockchain enthusiasts, they do not have a standard definition. Some people call it a distributed system, someone calls it a chain, and someone calls it a mesh structure. I have a little bit inserted here, although it is called a blockchain, but in fact, in terms of chain structure, the chain is one-dimensional, but it is a form, and the chain really has two-dimensional or even multi-dimensional structure, two Dimension is a mesh structure, multidimensional. We call it a complex mesh system. So the definition of it is really just a statement or two words.
Since I am not coming to invest, this is not a preaching. You can't just say its benefits, let's be honest, let's talk about some interesting things in this technology.
The first one is that many people say that the blockchain is very good and decentralized, but is it decentralized? This is really debatable. Absolute centralization or absolute centralization is definitely not good. After all, I am not the "center", right. If anyone is the "center", who will definitely say it. Therefore, everyone must be hoping to be able to be equal, to be able to disperse, to be able to participate in and to make decisions without their own centralization. But the blockchain, it is not really decentralized, he is not without a center, he just turned a center into a lot.
Who has the final say? Everyone has the final say. How do you say it? A lot of ways. For example, the easiest way to vote, one person, one vote, is now very popular is the calculation power, who counts fast, who has the final say. There is another way, that is, whose shares are large. One person, one vote is the same situation for everyone's shares. Based on POS (consensus mechanism), it is actually to look at the rights and interests, to see who owns the shares, and the big one he said is more than me. In addition to this, there are many other ways. So we say that the blockchain is actually multi-centered, and there is a problem with true decentralization. For example, one problem we often face now is its efficiency problem. Well, take Bitcoin as an example. Everyone often says that I can get money by buying coins. But you have to know that you are actually launching a transaction on the Bitcoin network or system, or I will transfer you a sum of money, you have to wait a long time to receive it - this is not a few minutes, a few seconds, but maybe a few Ten minutes, a few hours, or even a few days. Therefore, decentralization will have efficiency problems.
Many of the so-called public chain or blockchain systems we have seen now have this efficiency problem. In other words, he may have a process, the algorithm is correct, the technical line is right, there will be too many people, especially in China, because the most important thing in China is the user, the most important thing is the user. Scale, efficiency will have problems. So our current research direction, including our application scenarios, is mostly multi-centered. Therefore, we call this multi-centered, not a center, that is not good, it is the original system, not the real center.
The second one is called the virtual and real of trust. In fact, the data is placed on the blockchain, can you really believe it? Put the blockchain, is it true? Of course it is not the case. I put a bunch of garbage into the safe, it is still rubbish, it is not worth it. Therefore, it depends on the entire ecology of the data or the entire life cycle, especially the stage of data perception or acquisition.
We now use the blockchain, including our company, some of our projects. In fact, we use a combination of software and hardware to solve how to ensure that the data you get is first-hand data, no noise, no errors, no interference. There is no such forgery, and then put it on the blockchain immediately, so that I can guarantee that the next life cycle of this data is real and verifiable. So this is why many people think blockchain data is true. However, if you put it true, it is true. If you are on vacation, it is fake. It guarantees that this data has not been altered and can be verified, but does not guarantee its original authenticity.
The third is the truth and falsehood of our consensus. The fact is that the consensus reached by the blockchain algorithm is the correct consensus? The correct consensus is that the American president is Trump. Is he really getting a 50% (vote) +1 vote? No, everyone knows that Hillary’s votes are higher and they get the same amount of votes. It was only because of the rules of their electoral college that Trump was elected. What does this show? Explain that our consensus mechanism can actually determine whether our final consensus is a general consensus, a relative consensus, or a professional consensus, and it depends on the scenario. So, you should first think about using the blockchain, and then design a consensus mechanism. After all, there is no universal technology that is universally applicable.
The last one is called the right and wrong of the data. What does it mean? Here is to say that the data is placed on the blockchain, we can say that it can not be tampered, can not be forged, can not be changed, it will not be lost, but can this really achieve this effect? In this (blockchain) industry, we often hear news that a word is called a fork. In fact, this is to say that the original chain grows in a single item, and it grows more and more in a while. When it grows long, it splits. Why is it forked? Because there is no consensus. Because some people think that it should grow like this, some people think that they should grow into that, and then there are people on both sides to support, so they fork. So this shows that the right and wrong of the data depends on who? Depending on the user, it depends on the consensus results of the user. So these are relative, in fact nothing is absolute. Including our cryptography, are you absolutely safe, definitely not. As long as I can live long enough, then I will try hard, and one day I will be able to try it out, right. The only absolute thing in us (information technology) is that it is the quantum code, which is absolutely safe. But this is a bit of a problem.
So now, in less than a decade, the blockchain has evolved in three different phases.
We have phases 1.0, 2.0, and 3.0, but it doesn't make sense to say that the specific technology is too boring. What we have to say is that 1.0 solves the problem that is too simple, that is, to record the account or to use it as a book; 2.0 can only fulfill the contract, can we say what we say, we write the program people like to write Some conditions are judged and looped. Actually, these conditions can be written in 2.0. What is the use of this condition? We will see it later. The direction that is currently developing is 3.0, 3.0 is to do things, that is to say, you This technology can not land, this is the third point. So, we are now between 2.0 and 3.0, almost the same period from 2.4 to 2.5.
Next, we make an analogy, an analogy between blockchain and data containers.
In fact, our blockchain really has blocks. Our data is really piece by piece. Each piece is called data encapsulation. This is a bit like we put a lot of goods in this container, and then lock the container, this is called a box of goods. For us, we are called a piece of data, and then we will lock this data. The lock on us is not an electronic lock. We call it a digital lock. In fact, it is a string of numbers used for verification to be used for signature. . This is one of our forms. This is not one-dimensional, but linear and two-dimensional. Containers, there are so many boxes, or so many pieces, they are also ordered, organized, we call Organize. Just like your box is to be numbered, then your box is to be neatly tidy, you can check it when you need it, and you can find it when you need it. So this is an analogy, for a bit more fun, a little fun.
The blockchain actually has many institutions now, and many countries are also used in the logistics industry, including import and export. For example, many countries in the United States, South Korea, and the Netherlands are doing it. Headed by IBM, they have a super-books alliance, and they also offer a range of solutions that can be used by everyone. Because their technology wants to be more versatile, there are actually a lot of data inconsistencies here.
So what does it do in the field of (container)? Or, what good is it? It has to solve the problem. One is inefficiency. Dr. Zhou also said that there are too many links, and then the people involved or the roles are too many and inefficient. The other is risky because this thing is not shipped. It is risky to pay, lose or lose money, pay taxes, and clear customs.
Then if we want to use it, for example, I want to use the blockchain to try it in this field, how can we try it? I think I can make three articles around my title, the first one is for data; the second is for value; the third is for trust.
In our blockchain, first, we can do the data bearer and ensure the integrity of the data. Second, we can quantify the data, especially the quantity and value of many such goods. Our measurability; the third is that we can trust, for example, authenticity, you remember so much, remember so many words, and then so many single-sub-services, using blockchain-related techniques to ensure that it can be accepted But it is really unrealistic because people will not accept it. In fact, Dr. Zhou said that the core of this industry, we are called documents. We can e-mail the documents. This technology is very ready-made, just saying how to use it. We are also doing application innovation, so we can use this framework of distributed architecture to achieve this electronic issuance of such notes or documents. But why is it not purely distributed or purely decentralized? Because of efficiency issues. Centralization efficiency is good, so he still has a data center placed there, and then the index of the data, the summary of the data, the keywords of the data, the hash of the data on the chain, so that people can be very fast, very Efficiently find the relevant data above, and then go to the original data center to get the original data.

https://preview.redd.it/zaoeu3fyy0421.jpg?width=600&format=pjpg&auto=webp&s=37e1886e14a730d6793bc8b4dfdb31d7a9e5c73b
At the same time, we can use the blockchain to implement this digitized sequence of processes. So you will look at the picture just now. The original picture has a lot of small arrows. It is actually talking about a sequence, just the picture. It's actually talking about the order, you can take the next step to do the next step, we call it timing. In fact, the blockchain can record and string these steps, and then tell you, now the entire business or the whole of our logistics is going to where it is, where is it stuck, and then how to go in the next step? Conditional judgment. How do the blockchain judge the conditions? Blockchain 2.0, support contract, right. So what is the contract? It is the program. I can write the program, what to do next, the blockchain can do this. In other words, in fact, many times we are concerned about timing, order. Where is the difference here? For example, this is what happened in a few months, and when the matter happened, this is absolute time. But many times, we are concerned about the relative time, who is who develops before and who is after whom, this logic or this real transaction makes sense. Just like you have to work first and then get paid, this is generally normal, but it is abnormal after working first. So this order is very important.
In addition, we can implement the submission and inspection of documents based on blockchain. Because you have data to always give people a home, you can find it when you need it, the blockchain can be done very quickly. In our words, the quick meaning is that its time is not exponential growth, not linear growth, we are talking about the size of the data (to grow). And when it comes to constant time, it means that no matter how much data you have, I can find the required data between the constants, and then check and verify that it is very efficient to submit and check the data. He has an ID and then has an electronic signature, and also checks the information. This blockchain is readily available.
The last one is that we can use the blockchain to implement this kind of supervision and management service for multiple roles, which means that you may be the owner. You may be a buyer, a seller, you may be a transit broker, you may be a carrier, you may be a customs officer, you may be in any role. So how can you have so many roles in the system? Because these roles are called users in our entire system, then the users actually have different ID addresses, ready-made. Just like the currency now, what is your wallet address? How do we ensure that different users have different permissions? We actually use certificates, we call Certificate, e-Cert. The more popular ones are passwords. Of course, now we often use multi-word authentication, which means that in addition to the password, you have to have a verification code or what character you have to identify, in fact, we use a certificate here. Certificates can be used to implement the setting and probability of this privilege for different roles.
Then all these things are put together, in fact we can transform the original process into a blockchain-based process. But this picture I just said, borrowed from a document. This may be just a general or a typical existing process, in fact, all of us or all of the roles can be in different blocks or different stages, with different blocks of blockchain. Is the data package to deal with, to achieve the whole process, to achieve the whole around the goods or around the entity, you are a box or a bag, we have to surround the virtual and electronic around the entity Data management and query verification This is a whole, we call it a typical system solution.
But this system is actually in use now, but it is not used for container management or for doing this import and export. What are we actually doing with this system? We are doing traceability of some of these items, such as typical clothing or food, where is it produced, and then through which links, then who is the wholesaler, who is the retailer, where is it, and then Have you ever retired or sold it to someone, and then did you go back to repair or have a return? In fact, our system is doing this. But this is no different because for us, these are all data. In fact, the data itself does not know what it means. The data itself is a character and a binary. So now we are running some of the green systems below, but it is a layman for this product.
So today, I am also grateful to all the invitations, and I will take the courage to take our set of things and put them in a new scene. This is called application innovation. The purpose of our 3.0 is to use it in more scenarios, and to use the effects, use the performance, and then use such an impressive, or acceptable, result.

https://preview.redd.it/5alntal0z0421.jpg?width=600&format=pjpg&auto=webp&s=58a685723da47dcb63019df15f987e086654d9a1
In the end, we return to our title, because my title says, the blockchain data container usually has a trusted notary, and each of these is actually meaningful. For example, the data container, which is actually implemented or for a specific scenario, such as the production and sales scene of the clothing we just mentioned, is actually the electronic standardization and intelligence of the data. This involves a lot of existing and popular technologies. For example, if there is more data, how do you analyze it? Here we will use data analysis, data mining and even data modeling methods. Data modeling that you may hear often is machine learning or deep learning, so this is part of intelligence. Standardization you are all experts. The pass-through transport line actually implements this automatic persistence and metering, but these three words have been discussed in general. Finally, trusting the notary, it realizes that around the authenticity, anti-counterfeiting and traceability of the data, it is not only reliable but also usable to build such a thing, not only usable, but also usable, not only usable, but also It is a system that is easy to use.
Finally, I am very grateful to everyone for spending more than 20 minutes. I am listening to my own industry or my own circle as a layman in this industry. I think we have to make the entire smart container to establish its industrial chain, ecological chain, value chain, etc. I think this is completely inseparable or impossible to leave information technology. Because a while ago our country strongly advocated that we call internet+, Internet+, in fact, it is now more accurate and accurate. It should be called information technology+. Otherwise, the internet+ you said may be artificial intelligence+, and then the future is Big data +, but they are all called information technology in our business, that is, Information Technology. Therefore, we are very eager to have the opportunity to use our knowledge in the field of information technology, and the meager ability to make a combination with everyone in the industry, including the specific and typical application scenarios, to truly realize our industry. A transformational upgrade of our industry. Then we realize the industrialization of our entire country called the industry 2.0 or the country we call the information age. Ok, thank you all.


Profile of Prof. Wei Songjie:
Doctor of Engineering (graduated from the University of Delaware), Associate Professor of Nanjing University of Science and Technology, Core Member and Master Supervisor of Network Space Security Engineering Research Institute, Block Chain Technology expert in the field of computer network protocol and application, network and information security. Has published more than 20 papers and applied for 7 invention patents. Previously worked at Google, Qualcomm, Bloomberg and many other high-tech companies in the United States, served as R&D engineer and technical expert; has a wealth of experience in computer system design, product development and project management.
submitted by Yayowam to CryptoCurrency [link] [comments]

[USA-CO][H]ram, lga 2011 gear, 256 thread cpus/systems, gpus (firepros), 3647 gear, cpus, servers, ssds[W]specific items, cash, paypal, crypto

__


"**well I got some stuff to sell, shipping included unless local only (80023 broomfield co, or 81501 Grand Junction), prices obo but I may not budge much depending on the item. Crypto preferred. Minimum order $50 (I may lower if im not too busy).**

_


-----wanted-----

audio gear (high end speakers/amps)

new gpu (1080 or above)

paypal

local cash

bitcoin, ether, zcash, other cryptos

Timestamps/Pics- https://imgur.com/a/Xoc01TO

MINING GPUS |Description|Price
:--|:--|:--
AMD SKY 900|NEW they do just under 550h/s on zcash and ~1000h/s on monero|$200 (small quantities available)
AMD SKY 700|NEW. A sky 700 will do 280h/s on zcash and 500h/s on monero|$110 (medium quantities available)
AMD W7000|used and mined on |$100 (medium quantities available)
s9150|used and mined on |$250 (5 available)

_

DDR3 ram |Description|Price
:--|:--|:--
4gb 1600mhz ddr3 non-ecc for desktop|ad3u1600w4g11-b|$15 each 4 sticks available
4gb 1600mhz ddr3 non-ecc for laptop|5M30G75129|$15 1 stick avalible
4gb 1600mhz ddr3 non-ecc for desktop|CMX8GX3M2A1333C9|$15 2 stick avalible

_


INTEL PHI GEAR |Description|Price
:--|:--|:--
intel s7200ap motherboard | Proprietary board and wiring |$550
intel Compute Module HNS7200AP (no fans) | works with intel h2000g chassis |$599
very barebone h2000g chassis and 4 compute moduals | VERY BAREBONE |$1800
Earily es Intel phi | 64 cores, 256 threads, and 8gb of mcdram, thats half of what the production chips have. This chip isnt fantastic for mining |$400 (2 available)
complete running server with 4 cpus| 256 cores, 1024 threads, 48gb mcdram, dual 2100w psu (2 es 8gb chips and 2 es 16gb chips) |$3800 + shipping
~

Faqs about these systems


~

Q: ddr4 is expensive what do I do!
A: good news! you can run the cache on the cpus in flat mode and you do longer need ram. this is not a joke my server
running right now has empty dimms.

Q: why the excitement?
A: the intel s7200ap is the only motherboard available outside of a prebuild system for the x200 intel phis

Q: I hate computers but like these what should I do
A: Buy a full h2000g chassis and 4 compute modules. it will be plug and play.

Q: but does windows like them?
A: in typical windows fashion of hating everything that is cool, not so much. I got it to work in windows when I disabled
hyperthreading and im still testing. linux worked flawlessly. Edit: if you disable 4 cores they will work with hperthreading
enabled

Q: how do I control my raging boner?
A: Embrace it and if it doesn't die down in 4 hours consult a doctor.

Q: WHY DO I NEED THIS!
A: It can mine :P (2700h/s on monero on only 200w)


Q: how do I give you monies
A: I take anything of value including crypto, cash, the corpse of a x99 rig your parting with as a result of this intel bug, ect...

~



_


Items|Description|Price
:--|:--|:--
Opteron 6234|12 core, decent for monero or cryptonight|$25 (3 available)
supermicro x11dpl-i|dual lga 3647| $380
Fusion IO 640GB IODRIVE |pcie ssd| $140
Seagate Constellation ES 2tb sas drive|ST32000444SS|$40
W3680| 6 core @ 3.3ghz| $60
unknown lga 3647 cpu| 1.5ghz looks like a gold or platinum series chip| $150 (2 available)
Emu 1212M PCI 24-Bit/192kHz Balanced Interface | Mastering-grade 24-bit, 192kHz converters.Multi-effects Processor.|$15
EMC 200GB ENTERPRISE 2.5"" SSD HUSSL4020ASS600|Decent enterprise ssd's|$60 (2 available)
I7 960|Socket 1366|$40
AMCC 9650SE-12ML |sata raid controler | $10
Jetway PICO NP93-2930r pico itx pc|http://www.jetwaycomputer.com/NP93.html|$110
Intel 80+ platinum 2130w psu (no fans included)|FXX2130PCRPS| $50 (quantity available)
2011 combo 1 |24gb ddr3 ecc, evga sr-x mobo (has some small issues), dual e5-2670's| $420
2011 combo 2 |24gb ddr3 ecc, intel mobo , dual e5-2650's | $380
2011 combo 3 |24gb ddr3 ecc, supermicro mobo , dual e5-2650's | $400
24a apc pdu|typical 220v dryer connection on the end|$50\
pcie risers|powered, molex|$5 (15+ available)
_

**LOCAL ONLY** (unless buyer pays shipping)

_

LOCAL ONLY|Description|Price
:--|:--|:--
Custom built server|Dual e5-2670, intel mobo, 16tb of hdd, 640gb of ssd, 60gb of ram|$2200
Corsair h100 AIO|fairly old by now|$40
mining rig 1|4x amd sky 900, dual opteron|$2000
mining rig 2|4 w7000, 1 sky 900, cheap cpus|$1100
mining rig 3|5 s9150, dual e5-2650|$1500
mining rig 4|5 s9000, cheap cpus|$1200
boxes|mostly consumer gpus from abit ago|$5

_

As-is hardware|No returns for any reason on as-is hardware. I will only accept non refundable payment for these items ie. bitcoin, paypal f&f, or local cash|Price
:--|:--|:--
R9 290|Worked for abit, looks like cap fell off|$45
ASUS P6t v2 deluxe|Killed it with my direct di water cooling setup. 95% chance its dead|$20
s10000|most likely dead|$100
cat s60 phone|the bottom circuit board needs to be replaced currently it all works except the cell service and aux|$100

"

submitted by cdabc123 to hardwareswap [link] [comments]

[USA-CO][H]ram, lga 2011 gear, 256 thread cpus/systems, gpus (firepros), 3647 gear, cpus, servers, ssds[W]specific items, cash, paypal, crypto

__


"**well I got some stuff to sell, shipping included unless local only (80023 broomfield co, or 81501 Grand Junction), prices obo but I may not budge much depending on the item. Crypto preferred. Minimum order $50 (I may lower if im not too busy).**

_


-----wanted-----

audio gear (high end speakers/amps)

new gpu (1080 or above)

paypal

local cash

bitcoin, ether, zcash, other cryptos

Timestamps/Pics- https://imgur.com/a/Xoc01TO

MINING GPUS |Description|Price
:--|:--|:--
AMD SKY 900|NEW they do just under 550h/s on zcash and ~1000h/s on monero|$200 (small quantities available)
AMD SKY 700|NEW. A sky 700 will do 280h/s on zcash and 500h/s on monero|$110 (medium quantities available)
AMD W7000|used and mined on |$100 (medium quantities available)
s9150|used and mined on |$250 (5 available)

_

DDR3 ram |Description|Price
:--|:--|:--
4gb 1600mhz ddr3 non-ecc for desktop|ad3u1600w4g11-b|$15 each 4 sticks available
4gb 1600mhz ddr3 non-ecc for laptop|5M30G75129|$15 1 stick avalible
4gb 1600mhz ddr3 non-ecc for desktop|CMX8GX3M2A1333C9|$15 2 stick avalible

_


INTEL PHI GEAR |Description|Price
:--|:--|:--
intel s7200ap motherboard | Proprietary board and wiring |$550
intel Compute Module HNS7200AP (no fans) | works with intel h2000g chassis |$599
very barebone h2000g chassis and 4 compute moduals | VERY BAREBONE |$1800
Earily es Intel phi | 64 cores, 256 threads, and 8gb of mcdram, thats half of what the production chips have. This chip isnt fantastic for mining |$400 (2 available)
complete running server with 4 cpus| 256 cores, 1024 threads, 48gb mcdram, dual 2100w psu (2 es 8gb chips and 2 es 16gb chips) |$3800 + shipping
~

Faqs about these systems


~

Q: ddr4 is expensive what do I do!
A: good news! you can run the cache on the cpus in flat mode and you do longer need ram. this is not a joke my server
running right now has empty dimms.

Q: why the excitement?
A: the intel s7200ap is the only motherboard available outside of a prebuild system for the x200 intel phis

Q: I hate computers but like these what should I do
A: Buy a full h2000g chassis and 4 compute modules. it will be plug and play.

Q: but does windows like them?
A: in typical windows fashion of hating everything that is cool, not so much. I got it to work in windows when I disabled
hyperthreading and im still testing. linux worked flawlessly. Edit: if you disable 4 cores they will work with hperthreading
enabled

Q: how do I control my raging boner?
A: Embrace it and if it doesn't die down in 4 hours consult a doctor.

Q: WHY DO I NEED THIS!
A: It can mine :P (2700h/s on monero on only 200w)


Q: how do I give you monies
A: I take anything of value including crypto, cash, the corpse of a x99 rig your parting with as a result of this intel bug, ect...

~



_


Items|Description|Price
:--|:--|:--
Opteron 6234|12 core, decent for monero or cryptonight|$25 (3 available)
supermicro x11dpl-i|dual lga 3647| $380
Fusion IO 640GB IODRIVE |pcie ssd| $140
Seagate Constellation ES 2tb sas drive|ST32000444SS|$40
W3680| 6 core @ 3.3ghz| $60
unknown lga 3647 cpu| 1.5ghz looks like a gold or platinum series chip| $150 (2 available)
Emu 1212M PCI 24-Bit/192kHz Balanced Interface | Mastering-grade 24-bit, 192kHz converters.Multi-effects Processor.|$15
EMC 200GB ENTERPRISE 2.5"" SSD HUSSL4020ASS600|Decent enterprise ssd's|$60 (2 available)
I7 960|Socket 1366|$40
AMCC 9650SE-12ML |sata raid controler | $10
Jetway PICO NP93-2930r pico itx pc|http://www.jetwaycomputer.com/NP93.html|$110
Intel 80+ platinum 2130w psu (no fans included)|FXX2130PCRPS| $50 (quantity available)
2011 combo 1 |24gb ddr3 ecc, evga sr-x mobo (has some small issues), dual e5-2670's| $420
2011 combo 2 |24gb ddr3 ecc, intel mobo , dual e5-2650's | $380
2011 combo 3 |24gb ddr3 ecc, supermicro mobo , dual e5-2650's | $400
24a apc pdu|typical 220v dryer connection on the end|$50\
pcie risers|powered, molex|$5 (15+ available)
_

**LOCAL ONLY** (unless buyer pays shipping)

_

LOCAL ONLY|Description|Price
:--|:--|:--
Custom built server|Dual e5-2670, intel mobo, 16tb of hdd, 640gb of ssd, 60gb of ram|$2200
Corsair h100 AIO|fairly old by now|$40
mining rig 1|4x amd sky 900, dual opteron|$2000
mining rig 2|4 w7000, 1 sky 900, cheap cpus|$1100
mining rig 3|5 s9150, dual e5-2650|$1500
mining rig 4|5 s9000, cheap cpus|$1200
boxes|mostly consumer gpus from abit ago|$5

_

As-is hardware|No returns for any reason on as-is hardware. I will only accept non refundable payment for these items ie. bitcoin, paypal f&f, or local cash|Price
:--|:--|:--
R9 290|Worked for abit, looks like cap fell off|$45
ASUS P6t v2 deluxe|Killed it with my direct di water cooling setup. 95% chance its dead|$20
s10000|most likely dead|$100

"

submitted by cdabc123 to hardwareswap [link] [comments]

[FS][USA-CO][H]Moving sale! ddr3 ram (desktop+server), lga 2011 combos, 256 thread cpus/systems, gpus (firepros), 1366 cpus, g34 cpus, ect [W]specific items, cash, paypal, crypto

__
"well I got some stuff to sell, shipping included unless local only (80023 broomfield co), prices obo but I may not budge much depending on the item. Crypto preferred. Minimum order $100 (I may lower if im not too busy).
_
will be moving soon so figured I would list everything i wont be able to use through the move, I have alot of stuff for sale, prices may be good or not so great depending on how much I want to sell it
_
-----wanted-----
X200 xeon phi cpus(socket 3647). I dont care if its a es chip and can buy in bulk at the right price
MXM 3.0b gpu for a sager (preferable high end amd)
paypal
local cash
bitcoin, ether, zcash, other cryptos
Timestamps/Pics- https://imgur.com/a/kc4wVKq
MINING GPUS Description Price
AMD SKY 900 NEW they do just under 550h/s on zcash and ~1000h/s on monero $240 (small quantities available)
AMD SKY 700 NEW. A sky 700 will do 280h/s on zcash and 500h/s on monero $140 (medium quantities available)
AMD W7000 used and mined on $100 (small quantities available)
_
DDR3 ram Description Price
4gb 1600mhz ddr3 non-ecc for desktop ad3u1600w4g11-b $15 each 4 sticks available
4gb 1600mhz ddr3 non-ecc for laptop 5M30G75129 $15 1 stick avalible
_
INTEL PHI GEAR Description Price
intel s7200ap motherboard Proprietary board and wiring $550
intel Compute Module HNS7200AP (no fans) works with intel h2000g chassis $599
very barebone h2000g chassis and 4 compute moduals VERY BAREBONE $2000
Earily es Intel phi 64 cores, 256 threads, and 8gb of mcdram, thats half of what the production chips have. This chip isnt fantastic for mining $600 (2 available)
complete running server with 4 cpus 256 cores, 1024 threads, 48gb mcdram, dual 2100w psu (2 es 8gb chips and 2 es 16gb chips) $4200 + shipping
~
Faqs about these systems
~
Q: ddr4 is expensive what do I do! A: good news! you can run the cache on the cpus in flat mode and you do longer need ram. this is not a joke my server running right now has empty dimms. Q: why the excitement? A: the intel s7200ap is the only motherboard available outside of a prebuild system for the x200 intel phis Q: I hate computers but like these what should I do A: Buy a full h2000g chassis and 4 compute modules. it will be plug and play. Q: but does windows like them? A: in typical windows fashion of hating everything that is cool, not so much. I got it to work in windows when I disabled hyperthreading and im still testing. linux worked flawlessly. Edit: if you disable 4 cores they will work with hperthreading enabled Q: how do I control my raging boner? A: Embrace it and if it doesn't die down in 4 hours consult a doctor. Q: WHY DO I NEED THIS! A: It can mine :P (2700h/s on monero on only 200w) Q: how do I give you monies A: I take anything of value including crypto, cash, the corpse of a x99 rig your parting with as a result of this intel bug, ect... 
~
_
Items Description Price
Opteron 6234 12 core, decent for monero or cryptonight $30 (3 available)
W3680 6 core @ 3.3ghz $65
Emu 1212M PCI 24-Bit/192kHz Balanced Interface Mastering-grade 24-bit, 192kHz converters.Multi-effects Processor. $20
EMC 200GB ENTERPRISE 2.5"" SSD HUSSL4020ASS600 Decent enterprise ssd's $80 (5 available)
I7 960 Socket 1366 $50
AMCC 9650SE-12ML sata raid controler $10
Jetway PICO NP93-2930r pico itx pc http://www.jetwaycomputer.com/NP93.html $125
Intel 80+ platinum 2130w psu (no fans included) FXX2130PCRPS $50 (quantity available)
_
LOCAL ONLY (unless buyer pays shipping)
_
LOCAL ONLY Description Price
Corsair h100 AIO fairly old by now $40
mining rig 1 4x amd sky 900, dual opteron $2000
mining rig 2 4 w7000, 1 sky 900, cheap cpus $1500
boxes mostly consumer gpus from abit ago $5
_
As-is hardware No returns for any reason on as-is hardware. I will only accept non refundable payment for these items ie. bitcoin, paypal f&f, or local cash Price
R9 290 Worked for abit, looks like cap fell off $65
ASUS P6t v2 deluxe Killed it with my direct di water cooling setup. 95% chance its dead $30
"
submitted by cdabc123 to homelabsales [link] [comments]

[USA-CO][H]256 thread cpus/systems, mining gpus (firepros), 1366 cpus, g34 cpus, ecc unbuffered ddr4, ect [W]specific items, cash, paypal, crypto

__
"well I got some stuff to sell, shipping included unless local only (80023 broomfield co), prices obo but I may not budge much depending on the item. Crypto preferred. Minimum order $40.
_
if your looking for something feel free to check my other postings or shoot me a pm I have alot that isnt listed and get alot week by week.
_
-----wanted-----
X200 xeon phi cpus(socket 3647). I dont care if its a es chip and can buy in bulk at the right price
MXM 3.0b gpu for a sager (preferable high end amd)
paypal
local cash
bitcoin, ether, zcash, other cryptos
Timestamps/Pics- https://imgur.com/a/GkkXn
MINING GPUS Description Price
AMD SKY 900 mined on and will be mined on unless sold. I have a 80mm server fan mounted on each. they do just under 550h/s on zcash and ~1000h/s on monero $325 (small quantities available)
AMD SKY 700 NEW never used. A sky 700 will do 280h/s on zcash and 500h/s on monero $180 (medium quantities available)
_
INTEL PHI GEAR Description Price
intel s7200ap motherboard Proprietary board and wiring $600
intel Compute Module HNS7200AP (no fans) works with intel h2000g chassis $650
very barebone h2000g chassis and 4 of those VERY BAREBONE $2000
Earily es Intel phi 64 cores, 256 threads, and 8gb of mcdram, thats half of what the production chips have. This chip isnt fantastic for mining $600 (2 available)
~
Faqs about these systems
~
Q: ddr4 is expensive what do I do! A: good news! you can run the cache on the cpus in flat mode and you do longer need ram. this is not a joke my server running right now has empty dimms. Q: why the excitement? A: the intel s7200ap is the only motherboard available outside of a prebuild system for the x200 intel phis Q: I hate computers but like these what should I do A: Buy a full h2000g chassis and 4 compute modules. it will be plug and play. Q: but does windows like them? A: in typical windows fashion of hating everything that is cool, not so much. I got it to work in windows when I disabled hyperthreading and im still testing. linux worked flawlessly. Edit: if you disable 4 cores they will work with hperthreading enabled Q: how do I control my raging boner? A: Embrace it and if it doesn't die down in 4 hours consult a doctor. Q: WHY DO I NEED THIS! A: It can mine :P (2700h/s on monero on only 200w) Q: how do I give you monies A: I take anything of value including crypto, cash, the corpse of a x99 rig your parting with as a result of this intel bug, ect... 
~
_
Items Description Price
Opteron 6234 12 core, decent for monero or cryptonote $30 (3 available)
4gb ddr4 ecc unbuffered check to ensure compatibility $50
W3680 6 core @ 3.3ghz $65
Emu 1212M PCI 24-Bit/192kHz Balanced Interface Mastering-grade 24-bit, 192kHz converters.Multi-effects Processor. $40+shipping
EMC 200GB ENTERPRISE 2.5"" SSD HUSSL4020ASS600 Decent enterprise ssd's $80 (5 available)
I7 960 Socket 1366 $50
AMCC 9650SE-12ML $40 minimum order $10
Jetway PICO NP93-2930r pico itx pc http://www.jetwaycomputer.com/NP93.html $125
Combos with cpu+ram available for the 2011 board as well as the dual 1366 board below _
LOCAL ONLY (unless buyer pays shipping)
_
LOCAL ONLY Description Price
Supermicro x8dte LGA 1366 $70
Corsair h100 AIO fairly old by now $40
_
As-is hardware No returns for any reason on as-is hardware. I will only accept non refundable payment for these items ie. bitcoin, paypal f&f, or local cash Price
R9 290 Worked for abit, looks like cap fell off $65
ASUS P6t v2 deluxe Killed it with my direct di water cooling setup. 95% chance its dead $30
"
submitted by cdabc123 to hardwareswap [link] [comments]

Fast Mining Bitcoins on Phone and Windows Bitcoin Mining ... Is Mining Bitcoin Still Profitable in 2020? - YouTube DIY Bitcoin Mining: Hardware (part1) - YouTube Bitcoin Mining 2019 - Should We Mine Bitcoin? - YouTube BitCoin Mining Hardware Guide ft. CRAZY Obsidian Mining ...

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Fast Mining Bitcoins on Phone and Windows Bitcoin Mining ...

Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network diffi... SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL GekkoScience NewPac USB Miner - https://bit.ly/2RIQgdX GekkoScience 8 Port USB Hub - https://bit.ly/2x... Bitcoin halving 2020 explained: if you want a simple explanation of what the bitcoin halving is and what it means for bitcoin price, bitcoin miners, and for you, then this is a can't-miss video ... For more information: https://www.bitcoinmining.com and https://www.weusecoins.com What is Bitcoin Mining? Have you ever wondered how Bitcoin is generated? T... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as th...

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